Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1921-06-25
COTTON

NEW YORK, June 24.-Higher Liverpool
cables and a more favorable view of British
Tabor conditions led to firm opening in
the cottsn market today. The inactive
month of April was IL points lower &: the
start, but other months were to IA points
higher on covering, Wall street and local
buying, which was promoted by the better
opening tone of tie stock market and re-
ports that Lancashire mills would reopen
next week There was southern selling on
the advance, however, while early advices
from the south reported favorable weather
conditions and prices soon turned easier I'M
der scattering liquidation. July sold off
from IL 90 to 1092 and October from ll.S9
to 11.7T before the end of the first half
hour, or back to within or points OF last
nights closing quotations.
The first of the private end June crop
reports to make their appearance showed
rather a less pronounced improvement III
condition than expected. One of them
made the condition 69.5, indicating an I'M
provement of about four points Tor me
month, anda yield of 100000 bales. The
other made the condition 40, also pointing 10
an Improvement of about four points for
the month. There may have been some
scattering demand ON these figures, but the
the evening up of July contracts in antici-
patton of large notices on Monday Inc
October premium widened out to 81 points
and there was good deal of switching
from July to later months. october SOLD OH
to 11.7Oc around midday. or about two
The market sold off to 11.65c for October
during the early afternoon or about points
net lower but trading continued quiet and
the price later rallied to about last night
closing quotation on covering.
NEW YORK COTTON
The following the a1ices Ir
f,n oh n6a
Tone, steady; middling, 11.O5. quiet.
Last psev'
Open. High. Low. sale. Close. Close
Jan . 12.4S -. As 2.25 l.. SO Il. SO az. 81
MAI. :. 12.S7 10. 81 l.. 50 ~ 1871 12.72
July :. 100 HOO 1917 1876 1887 1887
Oct. :. II 80 100 11.65 11.79 HIS HIP
Dec. :. t. SO 1886 12.1s 12.2S 1926 1924
NEW ORLEANS COTTON
NEW ORLEANS, June 24.-Advances or
to Is points were made by cotton today IN
the first hour of the session, mainly be-
cause of a betteraLiverpoof market than due
and English messages stating that 2oOooo
mill operatives would return to work Mon
day July traded up to 1880 and October
up to 81.
The advance persisted until it amounted
to ID TO 16 points, but a private bureau re-
port showing a crop condition of 100 per
cent of normal was not well received, espe-
eially after it was followed by another re
port of 69.5 and indicated crop figures OF
g. 800 900 bales. Toward II O'Clock the near
months lost all their gains and fell to
points under the close of yesterday, July
dropping to 1884. At its best July traded
at 10.51.
In the late trading the market had a
somewhat steadier tone, owing to exports
from all ports of 49. $50 bales, against only |
4,53O this day last year. Prices came back
to a net advance of about 10 points
NEW ORLEANS COTTON
The following were the ruling prices 10
tha exchange TODAY:
Tone, steady; middling. TO- 3Sc' steady.
Open High. Low. Sale. Close Close.
Jan. :. Ii. IS II. 80 IL so II SO IL. SO Ills |
Mar. Il. % II. 90 Is 10 81 1920 12.13
July :. O.42 1O51 1924 10. As 10. 45 1926
Oct. ITO 81 H. 10 11.2G II. 20 II. -
Dec, :. 16O 11.7O 11.59 IL .6S 11.6S 11.57
NEW ORLEANS SPOT COTTON
NEW ORLEANS, June 24-Spot cotton
steady, unchanged. Sales on the spot 100
middling, 1928: good middIing. 11.3S. Re
ceipts 1.S44; stock 450.322
SPOT COTTON MARKET
Atlanta, steady, 104Oc.
New York, quiet, 1l.O5c. |
New Orleans, steady, 10.3sc.
Philadelphia, steady, 11.30c.
Norfolk, steady, 10c.
Savannah, steady, 10c.
St. Louis, steady, 11.50c.
Houston, steady, 1005c.
Memphis, steady, 10.50c.
Augusta, steady, 9.ssc.
Little Rock, steady, 1Oc.
Dallas. steady, $3.50.
Mobile, steady, $500.
Charleston, nominal.
Wilmington, steady, 9.75c.
Boston, steady, 11.2Gc.
Galveston, steady. 10000.
Montgomery, steady. 9.50c.
ATLANTA SPOT COTTON
Atlanta spot cotton ......1 &c. 4Oc
Receints 4O2
Sh1pm entS LOO
Stocks Z3,ooO
AMERICAN EXCHANGE QUOTATIONS
The following were the ruling prices In
the exchange today: