Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-07-15
COTf,ON

NEW YORK, July 1o.-The strength OF
July contracts was the feature In the COTTON
market again during today early trading.
Notices estimated at about 200 bales were
reported in circulation but July maoe new
high record for the life of the contract,
selling up to 40.99, or SO points above last
nights closing quotations during the cary
trading. Other months opened at an ad-
vance Of to % points. There was some
scattered selling on the expectations OF
favorable weekly weather report and a Pr.
vate mid-month condition report OF 74.4
against Il. toward the end OF June. The
strength Of July held selling In check, how,
ever, and the market ruled steady around
3s, 90 for October and S1.90 for December.
TSverpool reported an advance there on trade
July showed continued strength, selling
ing, or 95 points net higher: and WITHIN
125 points Of the high record touched by
May contracts last spring. Later del1v-
cries showed the influence of the spot
month advance by rallies of several points
during the late afternoon, with october
selling up to $780,, or about q points net
higher. but there was no genera G 30 or s az
eraI points on the favorable showing OF
the weekly weather report at midday.
There was very little selling on the "a
vorable crop news, and the market was
nuiet during the mid-afternoon, with prices
ruling around 49,. for October, or about -
points net higher, and at about last nights
closing figure on late deliveries.
The following were the ruling prices IN
Tone. firm; middling, 42c, quiet
Last. Prev.
Open. High. Low. Sale. Close. Close.
IAN. 81.1a 81. 40 80. 80 81. 40 lao 81. o3
Mch. .. 40 80. 65 80. 04 30.6s 30.6s 3o.3s
May .. 10 1898 20 % %. 800.
July :. 4o.75 41.35 4O.75 41.35 A.35 1870
Oct. SO. so 81. 10 50. So "a. 0s s4.07 1887
Dec. 81. 80 81. 35 SO $3.50 $3.50 S1.78
NEW ORLEANS COTTON
NEW ORLEANS, July 14.-An advance
of 10 to % points, carrying October 10
80 80, was made by cotton around the open
ing Of the market today on buying stlmu-
in the eastern belt. A private bureau re-
port on condition Of 74.4 also seemed to
be sustaining Influence. Expectations OF
favorable weekly crop reports from the gov
ernment checked the rise and caused re-
action. the market standing toward the END
of the first hour of business 3 points lower
The census bureau report showing Amer d;
lean consumption during June or 50o,oZ!
bales, was about as bullish as expected ana
caused little stir The weekly crop re-
norris proved rather more favorable than
expected and resulted in enough selling to
send October to 32.75 and to put the list
to level points higher to points low
or than the close Of yesterday. Late In the
morning the market was quiet but STEADY:
A strong rally set in after the middle of
+hs session. having its foundation in the
mention of weeviI damage in the weekly re-
ports and the official forecast OF shoWery
weather for the greater part Of the belt,
/ which was generally accepted as meaning
increased weeviI damage. Toward the close
October stood at 33.45c, and the list was at
net advances of As to II points.
NEW ORLEANS COTTON
The following were the ruling prices in the
Tone, steady; middling, sec, steady:
Open. High. Low. Sale. Close. Close
Jan. =. 80. "a 81. 20 3O.67 31.2o 31.1s 1918
Mch. :. 30. 80 80. As g. 80 80. "A 30.49 So.03
May :. %. 50 % 80 &c. so 1915 1915 20. 40
July .. 1914 SO. rs 36.41 1915 $3.50 1928
Oct, :. 80. e5 80. SO 32.75 3.55 ss.4O 1928
Dec. .. 81. 80 81. 90 31.25 $500 81.9S 31.SS
NEW ORLEANS SPOT COTTON
NEW ORLEANS, July 14.-Spot cotton,
steady and unchanged. Sales on the spot,
Ats bales; to arrive, none. Low middling,
2ec; middling, 39c; good middling, 43c. Re-
ceipts, 2, $50; stock, 273,S09.
SPOT COTTON MARKET
Atlanta, steady, A. 4oc.
New York, quiet, 42c.
New Orleans, steady, Soc.
Philadelphia, steady, 42.25c.
Montgomery, steady, 4Oc.
Norfolk. steady, 40.50c.
Savannah, steady, 40.75c.
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