Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-06-19
COTTON

lost yesterdays improvement during today s
early trading. Cables were lower, the
weather map favorable and unsettled condi-
lions in the textile trade were emphasized
By reports that cotton yarn spinners at Gas
tonia, n. c., were going on short time. The
iPenins was steady aot decline Of points
to an advance Of points, and there was
some Liverpool buying Of July and October
at the start. Otherwise very little support
was in evidence, however, and the market
soon weakened under liquidation or re-selling
by buyers of yesterday. July broke to
s7.25c and October to $4,000, with active
months showing net losses of 20 to 25
points before the end Of the first hour.
There were sharp rallies from the early
break after the posting of the weather map
which showed rainfall ranging up to about
traders felt that moderate rains would be
beneficial following recent dry weather,
but there was evidently fear that the
precipitation had been too heavy in some
sections or that the belt was in for another
wet SPELL At any rate July sold up from
1925 to S7.5S and October from 1870 to
34.S5, with the general list ruling about
ID to IS points net higher around midday.
The early afternoon advance extended to
7.60 for July and 1892 for October owing
, to reports of further rains In the central
and western belt. This made a net advance
Of Is to SO points which met enough realiz-
ing to cause n actions Of n few points.
NEW YORK COTTON
The following were the ruling prices IN
The exchange today:
Tone. steady; middlins, 3s.25c, quiet:
Open. High. Low. s last Close. cl r.:'
Jan. .. 32.53 3.O7 81. 80 80. so 2.9s 2.57
Mch. s2.Os 1922 $3.50 82.45 80. As 32.O5
Sl.SU
July .. 37.4O 1892 1925 $50 1880 37.45
Oct. =. s4.45 35.O5 "a. 80 34.9s leo asa
Dec. =. 1923 1885 SO .O5 ss.es s.se $50
NEW ORLEANS COTTON
NEW ORLEANS, June 1S.-Unsettled and
early trading in cotton today as the result
of conflict of opinion over weather condi-
tiens in the belt. Much rain fell overnight,
and it was rather generally regarded as
beneficial, but the fear soon sprang up that
the rains might continue and cause renewed
bel, wee"iS activity. Around the opening
prices were - points I'D. from which
they fell to levels 10 to 10 points under the
close of yesterday, but at the end of the
first hour of business were 10 to ID points
over yesterdays finals. July sank to 1880
and reacted to 1890.
The forecast Of additional showers over
the greater part of the belt increased the
demand to a considerable extent, with the
result that net advance late in the morn
ing amounted to Is to "a points, July ris-
ing to 37.77c and October to 1850.
Heaviest buying Of the session came to-
ward the close and the buyers found only
a limited supply of contracts to work on.
The most active months weresent 81 to 46
points over yesterdays final prices, July
touching 37.79c and October 34.79c.
NEW ORLEANS COTTON
The following were the ruling prizes in the
exchange today:
Tone, steady; middling, 4O.75e, steady.
LAST kfev
Open. High. Low; sale. Gloss: Clo.s
Jan. .. 80. 90 80. 10 80. Al 33 .04 1907 80
Mch. 1902 80 80. 90 81. 36 1885 81 "a
May. ..... 500. 3l.D ..r.
July q. 1851 1913 81. 1918 37.7s 37.4s
Oct. .. $40 1873 34.1s s4.7e s4.7e "a "a
Dec. .. 80 1876 80. o5 80. 62 1862 SO %
NEW ORLEANS SPOT COTTON
NEW ORLEANS. June 1s-spot cotton,
steady and unchanged; sales on the spot,
H.75c: receipts, 1885; stock, s31, 621.
SPOT COTTON, MARKET
Atlanta, steady, 43c.
New York, quiet, S9.25c.
New Orleans, steady, 40.75c.
Philadelphia, steady, 39.50c.
Montgomery, steady, Ale.
Norfolk. steady, 40.50c.
Savannah, steady, 41.5Oc.
st. Louis, steady, 41c.
Houston, steady, SO. 60c.
Memphis, steady, 41c.
Augusta, steady, 42c.
Little Rock, steady, 10000.
Dallas, steady, 41c.
Mobile, steady, 40.50c.
Charleston, steady, 40.50c.
Wilmington, steady, 40c.
Boston, steady, 39.2c.
Galveston, steady, 39.50c.
ATLANTA SPOT COTTON
tIanta spot cotton -. 90. -. -. -. 43c
eceipts - :. .... &C.. 80. go. &C.. 419
shfpments 4s5