Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1921-06-02
GRAIN

NEW YORK, June 1.-The cotton mar
ket was comparatively quiet and rather IT.
regular during today's early trading; An,
other private crop report was published
placing the condition at 65.1 and the re-
duction in acreage a little over 80 per
cent with an indicated yield of 10000
bales. There were also complaints from
Memphis that the crop was beginning to
need rain in some sections and reports of
boil weevil damage from Georgia. but these
advices failed to create any general buy
ing.
After opening steady at decline of 3
points to an advance of l point. active
months sold some to points below last
weeks closing. The south was the chief
seller on the decline to 12.SSc for July and
1850 for October.
The report of local authority making
the condition 6S.S with a reduction of 27.9
per cent in acreage and suggested crop of
kOOO 900 bales was less bullsh than the
average of recent figures. This probably
helped to check fresh buying and the ac-
May condition figures had been pretty we'll
described. Prices eased off in consequence
rs result of scattering liquidation and
youthern selling with October selling down
20 IS. SO or IA points net lower. The weekly
report of the weather bureau was consld-
tred favorable and prices were at about
The lowest point shortly after midday: +,
lie of tie afternoon and trading remained
Iuiet with October ruling around ID. 81 and
July $50, or l. to IS points net lower.
NEW YORK COTTON
The following were the ices y
he exchange TODAY
Tone, steady; middling. 1900, quiet.
Open. High. Low. Sale. Close. Close.
IAN. ...14.1s 14.21 10. 90 10 so 10 so II 20
Nch. Ia 80 Il so II. 40 IA 40 IA 80 IA. 43
July ...129 % 2.97 1912 1915 1874 2.93
Yet ...13.7 20 10. 20 13.47 81 10 so IS. SO
zee. ..14 Oe 14.07 80 1890 10 81 "A 10
NEW ORLEANS COTTON
NEW ORLEANS. June 1.-After adj
ranees of . to points on the opening call
oday the cotton market fell off for small
ieclines and at the end of the first hour of
BUSINESS stood to points under the close
IF yesterday, under selling stimulated by
favorable weather conditions over the belt.
July traded up to l2.5Oc and then fell off
to 1880.
The weekly crop reports from the govern
ment were somewhat better than expected
and selling increased. Offerings were also
stimulated by reports of a cotton mill strike
in sections of the Atlantics. In the trad
ing up to IL o'clock July dropped to 1924
and prices went 16 to IS, points under the
finals of yesterday.
The late trading bdought scattered selling,
but the market plainly was supported by
expectations of an unfavorable report on con-
dition tomorrow. The consensus of opinion
appeared to be that the figures would COME
in around 65 to 66 per cent oil normal To
ward the close prices were at net losses of
II to 20 points with July at - 80.
NEW ORLEANS COTTON
The following were the ruling prices IL
the exchange today:
Tone, steady; middling, IL SSc, steady.
Last Prev.
Open. High. Low. Sale. Close. Close.
Jan. ...13 so 13. go 13. So .5S 13.4s 10. 10
Mch. lib 90 10 90 Is. SO SO 10 So IA. 90
July ~ so II. 80 L.. 80 -. SO 81 12.47
Oct. ...13 % 13. "a Is. Oh ID. G 10. 90 13. %
Dec. ...13 sc 81 ID. 81 10 .3s 10. SO ID. So
NEW ORLEANS Spot COTTON
NEW ORLEANS, June 1.-Spot cotton.
quiet, i3 lower sales on the spot SEQ bales;
to arrive, 119; low middling, 9.25; midGlinG,
His; good middling, ID %; receipts, l. 40:
stock, 415,2S7
LIVERPOOL COTTON
Tone, easy; sales, 1000; good middling,
$3.50.