Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-06-06
COTTON

NEW YORK, June 5.-The most dis.
cussed feature of the early news in the
cotton market was the better showing of
the FEATHER map and the official forecast
for a generally favorable week. This led
to q renewal of liquidation and after open
ing barely steady at decline of 10 to y
points, active months soon showed net losses
of 20 to SO points, with July selling OH
to 20. SO and October to 20.17. There was
further selling of July against purchases
of October by spot interests, presumably
to undo old straddles and while the chief
factor appeared to be the weather map,
July was relatively weak.
Except for New Orleans selling and some
scattered Southern selling from time 10
time, trading was chiefly local, but the
market remained under more or less pres
sure as a result of the better weather news
and reports of a less active spot demand
July contracts eased off to 20 % and Octo-
Der TO 20 .O6, with the general list selling
about % to 40 points net lower, before noon.
There appeared to be some trade ouylng
which helped to steady the market at ABOUT
the 2O-cent level for December, however,
and prices were a few points up from the
lowest around midday.
The market was steady In the early
afternoon on covering with July selling up
to 2045 and October to 20.42, or ID to 20
points from the low level of the morning.
NEW YORK COTTON
The following were the ruling prices Ia
the exchange today:
Tone, steady; ~middling eo.75c, quiet;
Open. High. Low. Sale. Close. Close.
Jan :. 10 .9S 20. OF 90 10. 81 81 20. 10
Mar. . IS. SO 10. Sc 9.67 10. 67 1887 1891
July :. g. so 90 81 90. 20 20. % 20. % 20. 63
Oct. =. 90. % 90. 81 900 20. Os &c. Os 20. Al
Dec. n. O5 20. Is 10. 94 &c. 90 20 90 20. %
NEW ORLEANS COTTON
NEW ORLEANS. June 5.-Favorable
weather over good part of the belt and
unfavorable Interpretation of European po-
points in the early trading in cotton today:
When July touched 20.OS, a fair demand
was met and a rally resulted, the list
at the end of the first hour of business
standing % to 81 points down with July
at 1920.
Better crop accounts from points here and
there in the belt increased the selling again,
sending the nearer positions 40 to 80 points
under the close of last week, July dropping
to 20. 05, but toward IL o'clock the tone was
steadier and July came pack to 20. ID. This
steadiness was caused by new buyers enter
ing the market.
Private reports of scattered showers in
the western belt and complaints of great
numbers of weeyils at: various points in the
central and eastern belts were something OF
q support and in the trading up 20 lz:3o
O'Clock the active months came back TO-
within 25 to 20 points of Fridays close.
July traded up to 20.24c.
NEW ORLEANS COTTON
The following were the ruling prizes ID
ti'n rxchaTza today
Tone, steady; middling, 2.3sc, steady.
Last Prev.
Oper. High. Low. Sale. Close. Close
Jan . 10. % 10. AZ 10. % 10. % 10 % 10. 81
Mar. =. 1900 1918 90 10 .02 10. O2 49, "a
July :. 20. ~ 90 "a 90. O5 20. 90 90. 90 20:50
oct. 10 80 1911 1913 1855 10. 81 20. 0a
Dec. :. 10 % 49, 50 10. % 1887 10. 81 10. 10
NEW ORLEANS SPOT COTTON
NEW ORLEANS, June Spot cotton.
quiet ~ points lower. Sales on spot 479
bales: to arrive, 121; low middling 1850:
middling 20.3Sc: good middling, 21.3Sc. Re-
ceipts, 4,630: stock. 179,525.
SPOT COTTON MARKET
Atlanta, steady, 20.35c.
New Orleans, steady. 20.3Sc.
New York. quiet 20.75c.
Philadelphia, steady, PIC.
Norfolk, steady, 20.o5c.
Savannah, steady. 20. 25c.
st. Louis, steady, 2025c.
Little Rock, steady. zoe.
Houston, steady, 20.40c.
Dallas, steady, 1900.
Wilmington nominal.