Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1921-06-28
COTTON

NEW YORK, June 27.-The cotton market
opened firm today at an advance of IA to
% points owing to higher Liverpool cables,
the better English labor news and reports
OF firmer tone in foreign exchange. July
notices were estimated at about 81 900 bales
or slightly below expectations, and there
was a good demand for July from some of
the interests who issued them. This helped
the tone of the early market and after SELL
ing about 80 points under October at the
start, July was relatively firm on cover
ing. That delivery sold up to 11.35, or 81
points net higher while October advanced to
1928, or % points above Saturdays closing.
A great deal of the early business repre-
scented switches from July to later del1V-
cries.
Unfavorable private crop advices from the
southwest also promoted the early buying
movement, but little more realizing was
encountered on the advance, and prices eased
back several points later At the same time
the volume of business subsidized, the market
being comparatively quiet but steady early
in the noon hour with active months ruling
some to 10 points net higher.
The market sold off to 1908 for October
or within points of Saturdays close dur
ing the early afternoon. Offerings were not
heavy, however, and prices showed rallies
Of or 10 points during the middle OF the
afternoon when there was probably some
covering on reports that President Harding
had ordered an investigation of complaints
of insufficient credit facilities in the south
for handling the crop in an orderly manner.
NEW YORK COTTON
The following were the rut!nG prices in
The exchange today:
Tone, steady; middlnig? 1.50c, quiet.
Open. High. Low. sale. Close. Close.
Jan. 1915 1880 IL. ca 2.7S 12.74 Il. 81
Mar. 1913 81 10 Oh 10. Ia 1914 II .9S
July 11.25 1877 11.17 IL "a "a II. Oh
Oct 20 % 12.O5 1916 12.1 IL. 40
Deo.. a2.7o 1913 1881 II. SO 1857 1.54
NEW ORLEANS COTTON
NEW ORLEANS, June 27.-Reports that
first July tenders in New York amounted to
only 20, 900 bales and their apparently ia
vorable reception caused a rise of IL to Il
points in the price of cotton in this market
In the first hour of business today. July
rose to O.93 and Octber to Hip.
For a while the market developed some
thing of tendency to sag but the contln-
ned large export movement checked the de,
cline. At IL o'clock prices were 10 to II
points over Sundays close. Exports of the
frst half of the session amounted to 19,42o
bales against total clearances thst day last
year of only $50 bales.
The feature of the late trading was the
strength of July which bulged to IL 90
cents on aggressive buying apparently for
the account of spot interests. Prices stood
IA points up. Other months were not as
strong. Toward the close prices were 10
to 20 points up.
NEW ORLEANS COTTON
The following were the ruling prices 10
the exchange today:
Tone, steady; middling, soc, steady.
Last prev.
Open. High. Low. Sale. Close. Close.
Jam. lilo 2.22 ~. 10 12.18 12.1S II. Is
Mar. 1856 II. 50 r. 6 12.59 1853 1911
July 1923 HOO 10. SO 100 1926 1915
Oct. 1875 11.72 11.55 II. Sc .e5 Ii. 81
Dec. 12.17 1217 11.9s 1907 1905 IL 81
NEW woRLEANs SPOT COTTON
NEW ORLEANS, June 27.-Spot cotton,
steady and unchanged; sales on the sot. Col
bales; to arrive, 20; low middlnig. S.2o;
middling, 1880 good midd1ing, 1150; re-
eeipts, !, 1872; stock, 1905.