Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-06-24
COTTON

NEW York; June 23.-The cotton mar
ket recovered part of yesterdays losses dur
ing todays early trading. The relatively
firm showing of Liverpool and scattering
crop complaints from the south regarding the
effects of wet weather, with further rains in
some sections of Texas, led to active cover
ing, First prices were firm at an advance
Of to So points, and the active months sold
Ok to AZ points above last nights closing
during the early trading, with July advanc-
ing to $3.50 and October to 1880. There
were a number of private wires complaining
OF too much rain from the Paris and Dallas
sections of Texas.
The detailed weather reports showing
rains in some of the best producing sections
of Texas were followed by another squirt
of covering during the early afternoon. Oc-
tober sold up to 33 81, a new high point
for the day, and 81 points above last nights
closing figures.
The early advances were lost late in the
morning, with July selling off from 36.5sc
to 36.10c, or points net lower, while new
crop positions reacted to about last nights
closing figures There was a slight rally
toward midday, but the weekly report of
the weather bureau was considered favorable
on the average and the market eased OH
again during the early afternoon, with Octo-
Der selling around 80. 60c, compared with
80 &c, the high point of the morning:
Whenever the demand from shorts subsidized
the market showed a tendency to work
lower owing to unfavorable trade reports
and the absence of any important support
NEW YORK COTTON
The following were the ruling prices In
Me exchange today:
Tone, barely STEADY; mlddllng, $500, I
quiet.
Open. high. Low Sale Close. Close.
Jan. =. 32.1O 80. SO 81. 81 31.90 31.S7 31.sS
Mch. 31.70 81 81. A 81. "A 81. A 31.47
May >. 81. 90 81. 90 81 90 31.O9 5000 800.
July >. SO. So SO. 60 sc. 10 sc. "a SO. % 36.1s
Oct. :. SO. so "a. IL 33. 80 SO. "a 80. 50 $3.50
Dec. :. 32.67 80. O6 80. 40 80. 80 a2.5s 80. 40
NEW ORLEANS COTTON
NEW ORLEANS, June 23.-The trend was
higher in the early trading in cotton TO-DAY as
the result of TOO much rain in the "elt,
heavy rains being reported in Texas and
oklahoma especially. Private reports from
the interior complained of damage Dy nali'
heavy doWnpours of rain and high winds.
During the first hour of trading prices rose
% to Al points, July touching 365Oc and Oc-
tcber $500.
The weekly crop reports were considered
moderately favorable, but were not favorable
enough to stimulate much selling. Prices
gradually fell off from the highest levels
until they were unchanged to points up,
compared with the final prices of yesterday.
Late in the morning the market was stead
Ter, with the trading months at net gains
of to p points, July standing at S6.4Oc.
The ring became active and prices f1rmed
up rapidly on buying induced by expecta-
tions of another wet, weather map in the
morning, so that late in the day the trad
ing months were As to 81 points higher than
the close of yesterday, July going to 36. 75
and October to 34.0S But, in the last few
minutes of the session, the market met
sudden reverse, following rumors of a bear
ish private bureau report on condition and
fell to level unchanged to points down,
compared with yesterdays final prices.
NEW ORLEANS COTTON
The following were the ruling pTl es in the
exchange today:
Tone barely steady; middling, 40c, steady.
LAST FREE
Open. High. Low. Sale Close Close.
JAM :. 81. 20 80. 40 81. ss 81. sS 81. S8 81. sS
Mch. 31.70 .97 81. 40 81 40 81. 40 31.39
May :. 81. O2 81. 10 81. O2 81. O5r 80. 65 800.
July :. SO. 40 SO. 70 46. % SO. % SO. % SO. 25
Oct. :. SO .s5 "a. Os SO. so SO. 80 SO 80 So 81
Dee. :. 81. 20 80 90 80. As 80. 40 80. 45 80. 4s
NEW ORLEANS SPOT COTTON
NEW ORLEANS, June 23.-Spot cotton
quiet and unchanged. Sales on the spot
800 bales; to arrive so. Low middling,
1880; middling, 1000; good middling, 400.
Receipts LISA; stock 32S, 052.
LIVERPOOL COTTON Z
Tone, barely steady; sales, 5000; good