Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-07-24
COTTON
BY BUD FISHER

NEW YORK, July a3-Prospects for clear.
ing weather in the belt and the report of
southern crop reporting agency giving
condition at 76.5 and indicating a crop ot
100000 bales. furnished the basis for a
renewal of selling in the cotton market this
morning under which prices sustained further
declines. Opening irregular at % points de-
cline to as points advance, the market
dropped still further. reaching 1906 for
October and 31.30 for December, or 10 to
20 points under last nights close. sale
was made in July contracts at 1850 or I'M
changed from the previous night and %
points under the high level reached yes
terday. Liverpool and New Orleans bought
on the opening, while japanese interests
local traders and the south sold.
Trading continued in July contracts at
4S.Ioc, and 1t passed out at that ngure at
noon. The latter months were irregular all
the morning, but inclined towards weakness,
with October selling down to 32.Sac, De-
cember 31.05 and January 30.35, a net
loss Of 40 to 40 points. After regaining
these losses later on covering, the market
again became unsettled, with prices a few
points under the previous nights close.
In the earl yafternoon a fresh selling
. movement developed which was led by New
Orleans, and prices sold off quite sharply.
October declining to 1922 and December
to 31.12, or 2S to 3S points under last
nights closing. There was considerable
pressure from local bears on more favorable
reports from the Atlantic states and
NEW YORK COTTON
The following were the ruling prices In
the exchange today:
Tone, steady; middling, 4S.I0c.
Open. High Low. Sale. Close. Close
Jan. :. 3O.7 80. 95 80. 20 80. 80 $3.50 80. 70
Mar. :. %. 95 80. 10 % 81 %. rs 30. rs % 80
May 90. O5 90. 25 2s. 20 2s. 95 %. 90 % 10
July :. 40. 90 43 10 43. so 1915 80. 43. 70
Oct. E. SO 20 SO 40 81. 60 SO. 90 81. 96 80 20
Dec. :. 81 go 81 10 80. 80 31.35 81 80 81. so
NEW ORLEANS COTTON
NEW ORLEANS, July 23.-An irregular
and excited market developed in cotton to-
day. After advances of to ID points on
the strongest months around the first call
there was slump which finally carried
prices 81 to Ga points under the close of
yesterday, October selling low at 80. OF.
The early steadiness was caused by private
reports Of heavy rains here and there in
the interior and the break was due to IN
easiness over foreign politics and the slump
in the market for foreign exchange. Yes
terday's high private condition figures also
caused more or less selling.
At the lowest of the morning, prices were
A to 81 points down. Realizing by shorts
checked the downward movement, and late
in the morning prices were at net declines
of only % to SO points, but the market was
not displaying much activity or strength.
Midday news dispatches from London re-
garding successes by the boisheviki were re-
garded as alarming and they threw the mar
ket into uproar of selling which lasted
nearly to the close. Late in the day prices
were IS to SO points under the last quota
tons Of yesterday and October traded at
80.
NEW ORLEANS COTTON
The following were the ruling prices in the
exchange today:
Tone, irregular; middling, Boise, steady.
Open. High. Low. Sale. Close Close.
Jan. E. SO.5S 80. IS %. 81 3O.15 SO.15 80. IS
Mar. :. SO 20 So 90 90 20. 80 20. so 20 so
May :. $500 IS 80 %. A %. 90 80 %. 80
July :. 49, 30 SO SO IS. IA IS. IA So. IA 80. 90
Oct. :. 32.75 32.75 81 80 80. So 80. % 80. 62
Dec. =. 81. % 81 IS 3o.S7 80. So rs 81. %
NEW ORLEANS SPOT COTTON
NEW ORLEANS, July 23.-Spot cotton,
quiet, % lower Sales on the spot, 1873
middiing, 80. Is; good mddling, A. 90; re-,
ceipts, S56; stock, 25O622.
SPOT COTTON MARKET
Atlanta, steady, 42.75c.
New York, quiet, 43.75c.
New Orleans, steady, 39.75c.
Philadelphia, steady, 44c.
Montgomery, steady, 40.25c.
Norfolk. steady. 10000.
Savannah, steady, 41c.
st. Louis, steady, 39.5 SOC.
Houston, steady, 1880.
Memphis, steady, SO. Soc.
Augusta, steady, Ale.
Little Rock, steady, 39.50c.
Dallas, steady, 37.S5c.
Mobile, steady, 39.75c.
Charleston, steady, 40. soc.
Wilmington, steady, $1,000.
Boston, steady, Age.
Galveston, steady, sec
ATLANTA SPOT COTTON
Atlanta spot cotton 80. -. -. -. ...42.75c
hecelptS 100
Shipments -. -. -. 80. -. -. -. SO
Stocks Ia, 340
AMERICAN COTTON
AND GRAIN EXCHANGE
COTTON QUOTATIONS
The following the opening. highest,
bwest, close and previous close quota
hona the American Cotton and Grain
VIGILANCE of New YORK: