Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1921-06-16
COTTON

NEW YORK, June 15.-The cotton market
was very quiet at the opening again today.
If anything, Liverpool was a Shade better
than due, and private cables reported a
slightly more cheerful feeling in Manches-
ter. This failed to inspire any buying of
consequence here, however, and after open
ing steady at an advance of 3 points, active
months sold to points net lower with
July easing off to 1924 and October to
1900. There was scattered southern selling
and some local liquidation promoted by re-
ports of an unsettled tone in the stock mar
ket and improving weather in the western
belt. Rains still are supposed to be needed
in eastern belt sections and tempera lures
there were high, but these were considered
conditions which would minimize from in
sets.
There was enough scattered buying to
hold prices fairly steady during the middle
of the morning, and active months worked
up to about last nights closing figures.
Trading remained very uiet and prices
turned easier after the publication of the
weekly report of the weather bureau lndl-
eating that the crop had made good
progress on the average. 1t seemed, too,
that the report of the census bureau, indi-
eating about "a per cent of the stock ON
hand in public storage was below the
tenderable grades, was considered rather dis
appointing by some of the local bulls, and
October contracts sold off to .05c early in
the noon hour, or about points net lower.
The market sold off to 1919 for July
and 10. Oh or October on the early afternoon
decline, or about II to Is points net lower.
There wa e,'ugh covering or trade buying
to check the break around these prices, bSt
the market was within few points OF the
lowest around O'Clock.
NEW YORK COTTON
The following were the Gun prices i1
The exchange today:
Tone, steady; middling, 12.2oc. quiet.
Open. High. Low. Sale. Close Close.
Jan. -. 1870 1875 1880 1880 1880 1913
March 1404 14.04 1884 "a 1882 .....
July 1885 1885 1905 1905 1905 1881
Oct 13.1313.16 1890 1890 1890 1913
Dec. 1855 1893 1887 1888 1887 1851
NEW ORLEANS COTTON
NEW ORLEANS, June 15.-Prfces lost
to points in the cotton market today in
the first hour of business, liquidation in a
moderate way coming from the long slde.
July sank to II. So and October to 81
Selling was held with bounds by fear of fur
Their accounts of weevil infestation, although
weather conditions were considered to have
improved overnight in the belt because OF
lessened rainfall.
The census bureau report showing Amer
lean consumption during May of 439, SS4
bales was considered favorable, but brought
in little buying. The report showing 97O,-
go bales of untenderabe cotton in public
warehouse stocks in this country was con-
sidered unfayorable, the amount Delng
smaller than anticipated. Weekly weather
and crop reports were much less untavor-
able than expected, and caused consider
able selling. Toward IL O'Clock prices were
81 to % points under the finals of yester-
day, with July off to 11.70c.
During the second half of the session,
selling Increased, coming from all quarters,
and it finally caught stop loss orders on the
long side in considerable volume Toward
the close the trading months showed losses
of 80 to 80 points, with July off to 11.6Oc
and October off to 12.3Sc.
NEW ORLEANS COTTON
The following were the ruling prices 10
The exchange today:
Tone, steady; middling, 11.25c; steady.
Open. High. Low Sale. Close. Close
Jan. 1910 1910 1895 1895 1895 1924
March 1910 1910 1920 1888 .,... 1851
July 11.91 1892 11.6O 11.60 11.60 1893
Oct .2.6s 1888 1888 12.39 12.39 1910
Dec. 1905 1901 1918 1913 1919 1910
NEW ORLEANS SPOT COTTON
NEW ORLEANS, June 15.-Spot cotton,
steady; 10 points lower. Sales on the spot,
( 1,444 bales; to arrive, 3Ol. Low middiing'
9.0oc; middling, 1d25c; good IN middling'
l2.5Oc; receipts, 6521; stock, 453,S69.
SPOT COTTON MARKET
Atlanta, steady, 11.1Oc-
s, New York, uet, 12.20c-
Ne Orleans, steady, 11.25c.
Philadelphia steady, 12.45c.
Norfolk, steady, 11.05c.
Savannah, steady, 11.25c.
st. Louis. steady, 11.25c.
Houston, steady, 11.40c.
Memphis. steady, 11.25c.
Augusta, steady, lie.
Little Rock, steady, lie.
Dallas, steady, 10.5oc.
Mobiles steady, 10.50c.
Charleston. steady, 11.25c.
Wilmington, steady, 10.75c.
Boston, steady, 12.40c.
Galveston, steady, 11.5c.
Montgomery, steady, 10.50c.