Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-07-20
July Was Lower but New
Crops Were Higher on
Buying Based on Boil Wee
vii Complaints and Reports
of Much Better Situation
in Textile Centers e.


NEW YORK, duly Throwing
confidence in the general business
outlook and prospects for continued
Showers in the south sent the new
crop months into new high ground
for the movement in the cotton mar
ket here today. July was relatively
quiet and easy, but. later months
closed at very nearly the best prices
at 34.72. The general market closed
very steady at a net decline of 40
points On uly, while other months
were II to 43 points higher.
advance of 8 to s points on reports
of showers in the belt. There was
good deal of reactionary sentiment
around the ring, based largely on ex-
pectations of realizing for over the
Weekend after earlier week ad I'd
right after the call with October
selling at 34.45 and December at
32.8e.1sThe more ballish character of
the news from Lancashire and re-
business in the middle west, brought
sin fresh buying, however, and the
market soon turned firmer on this
demand and renewed covering. Octo-
her sold up to 3477 and December to
1910, making net advances of q
december, a recovery of 225 points
sfrom the low level of a week ago
Friday. .--.~. -.-
= There was very little trading in
Sfhere would be additional notices
snext week, which may have account
ed for the decline to 4110 for that
position, compared with 42.05, the
thigh point of yesterday morning. :.
g Manchester reported an improved
n
Scloths and yarns, and one of the.
scables said that South American
buyers who had cancelled orders
There had cabled to withdraw the
reported in8 tlet donesti mark IS. for
goods att first hands and Fail River
sales for the week were estimated
1t only 10000 pieces 49,
NEW YORK COTTON
The following were the ruling prices in
Tone, steady; middling, %. Csc, quiet.
Open. High. Low. Sale. Close. Close
Jan. :. 81 O5 80 SO 80. 90 80. IS 80 rs 80. OF
Mar. :. 81 IS 81 81 81 IS 81. 60 81. SO 81 %
May :. 80. 45 80. u. 80. 45 80. 10 80 10 80. 40
July :. Al so Al 80 41.1O 41.19 Al 10 Al. so
Oct. :. a4.55 34.77 "a. 40 BAIT "a. ~ "a. 40
Dec. =. 80 90 80 10 s32. so 33.0s 80 .0S 80. SO
NEW ORLEANS COTTON
NEW ORLEANS, July 17.-Bullish
sentiment increased in the cotton
market today and prices were
stronger almost from the opening.
ues on preceding sessions of the
week were at work, unfavorable re-
ports regarding weevil activities in
the belt and favorable accounts re-
garding revival of trade in mill cen
tiers, but they appeared to be far
from discounted Heaviest buying
followed the posting of the forecast
Of showery weather for the eastern
division of the cotton region as it
was felt that such weather would
increase, weevil damage. Probabtli-
ties of cloudy weather in the west
ern division were also regarded as
unfavorable. Highest prices came
late in the day when the trading
months were 33 to 4S points up and
October was trading at 34.23. Closing
prices were at net gains of 80 to 45
points.
July was inactive, but this did not
restrict the activity of other months.
For a short period after the opening
and they dropped off. to levels to. 4
points under thel close of yesterday,
but almost Immediately recovered
and advanced. March was the strong
at, 31.40. In the early trading the
rains in the belt were the main in
f1uence. The map was wet except
in the extreme western sections of
the cotton region.
NEW ORLEANS COTTON
The following were the ruling prices in the
exchange today:
Tone, steady; middling SO. SOC, steady.
III, Last. Prev
Open. High. Low. Sale Close. Close.
Jan. =. 81 81 80. 10 81 Sc 80 Is 80. Is 81. 80
Mar :. 81 Is 81 43 81 .08~ 81 40 40 80. So
May -. 80. 80 80. 50 30. 80 sc. 81 30.57 80. is
July =. 81. 90 81. 90 81. 90 81 90 37.00 Sc. so
Oct. :. 80. 90 "a % 80 SO 81 20 "a 20 SO 80
Dec. :. 80 .55 80. s. 80. 46 80. SO 81 80. 4s
NEW ORLEANS SPOT COTTON
NEW ORLEANS, July 17.-Spot cotton
quiet and unchanged. Sales on the spot, "a
bales; @to arrive, none. Low middling
29.50c; mtddling, 39.50c; good middling,
43.50c. Receipts and stock Ito come1.-
ATLANTA SPOT COTTON.
Atlanta spot cotton .445Ot
Rtcelpts ...v-.. 49,. ..... o.
shipments -."'..s Zot
Stocks =. 80 ....Io'o'e
AMERICAN COTTON
AND GRAIN EXCHANGE
COTTON QUOTATIONS
The following were tie opening. highest
bwest close and previous close quota
tions on the American Cotton and GraiE
Exchange oS New YORK: