Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-06-10
COTTON

NEW YORK, June 9.-The cotton market
opened at an advance of points on jan
nary but generally 2 to IA points lower un-
der realizing for over the weekend and To-
cal and Wall street selling. AS soon as tne
first lot of selling orders had been aDsorpeu'
however, the market firmed up on New Ut
leans buying of July and October, tas rela-
lively firm showing of the New Orleans mar
ket reports of continued unsettled weatner
in the south, trade buying ana covering a. "
tober contracts, which mad sold at y. On
the call advanced to 81 .SS, within the flrst
half hour with the general market showing
net advances of about 80 to 80 points. ow-
ing to the holiday there were no cables
from LIVERPOOL The New Orleans Duylng
was ACCOMPANIED by reports that complaints
of boil weevil were reaching the southern
market from practically all parts OF the
belt.
Early realizing sales appeared to be read
ily absorbed by buying which was attrib-
uted partly to mills and the trade, ana the
market became more active and stronger
before the end of the morning Prospects
for continued showers in the south' COM
bined with more numerous complaints OF I'M
favorable crop conditions or boil WeeVh ana
private reports of a better spot demand
led to a renewal of commission mouse ae
mand and active buying was reported lot
Wall street and western account. July leo
the advance selling up to 22.2oc or q
points net higher, while all the new crop
months made new high records Tor the seq,
son. with October selling at 22.l7c or oh
After selling at 22.2e for October, the
market eased off under realizing with that
delivery selling back to 21.9S. During the
early afternoon trading became much less
active at the reaction and the market was
comparatiyely quiet around o'clock.
NEW YORK COTTON
The following were the ruling prices tn
the exchange today:
Tone, steady; middling, 225oc, quiet;
C1o,o CIosa
Jan. :. 81. 40 81 90 SO o1.72 21.65 21.3S
Mch. 21.15 21.7S 21.15 21.60 21.SO 2l.2
July :. 81 .35 % % 80 % .03 22.02 81. Oh
Oct q. 40 %. 25 q. 40 90. OF % .02 81. SO
Dec. 81. 4s %. 10 21.4O 81. SO 81. SO q. 4a
NEW ORLEANS COTTON
NEW ORLEANS, June 9.-The advance in
cotton was continued today and prices were
forced to new high levels by aggressive puy-
ing based on further rains in the belt. July
was sent to 81 90 and the list, in the f1rst
hour of the session gained 20 to Al points,
compared with yesterdays close
Talk of heavy boil weevil infestation came
TO local brokers from sections in the west
ern, central and eastern divisions Oh the
belt and increased the demand for con-
vance was widened to 81 to IS points, July
rising to 22.30. Realizing by longs checked
the upward trend and at IL o'clock prices
were IA to 26 points off with July at Eva.
reports of a good demand in the spot de.
partment and in the trading up to !2:39
o'clock July rose to %. 43. At this leye
the list showed gains of 81 to IS points.
NEW ORLEANS COTTON
The following were the ruling prizes IL
t.n axchargp today:
Tone, steady; middling, 22c, steady.
Oper. High Low. Sale. Close. Close
Jan. :. 90. s4 80 2O.s4 81. 1S 21.17 90 70
Mich. 20. So 81. 20 20. 63 20. 90 20.99 90. 60
July :. q. As % .43 21.42 % % 1922 II. As
Oct. =. 81 rs 81 .S5 81 .Os 81 "a 81. 81 21.07
Dec. :. 20. 95 21.E9 2O.92 21.35 21.30 2O.9S
NEW ORLEANS SPOT COTTON
NEW ORLEANS, June 9.-Spot cotton,
steady, so higher; sales on the spot, Hoy.
to arrive, 600; low middling, 20 so; mid
ding, % 90; receipts, 1,120; stock, 1S2, 1888.
SPOT COTTON MARKET
New Orleans, steady, pc.
Atlanta steady, 22.25c.
New York. quiet, 2255c.
Philadelphia, steady, 22.s0c.
Norfolk, steady, 21.65c.
Savannah steady, 21.65c.
st. Louis, steady, PIC.
Little Rock, steady, 21c.
Houston, steady, 22.50cs
Dallas, steady, 21.5Oc.
Wilmington, nominal.
Galveston, steady, 22.45c.
Montgomery, steady, 21.10c.
Mobile, steady, 20S5c.
Memphis, steady, 81. 60c.
Augusta, steady, 21.T0c.
ATLANTA SPOT COTTON
nAtlanta spot cotton 49,. ..... .... q. 25c
Receipts .. 80. .. $50. 341
shipments .....'. ...'... oil