Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-08-05
COTTON

NEW YORK, Aug. 4.-There was fur
Their decline in the cotton market during
todays early trading. Liverpool rallied
from an early decline, but the opening here
was l to 10 points lower under overnight
selling orders and prices soon broke to net
losses of so to 40 points under continued
liquidation of long accounts. New Orleans
selling here presumably against hedge sell
ing in the southern market and scattering
pressure. few stop orders were uncover
ed on the break which extended to 21.O7c for
October and 21.17c for December, but these
prices evidently attracted some covering
and the market rallied II or 20 points from
the lowest.
Reports of showers in the southwest were
little more general and a feeling was ex-
pressed here that there were better pros
poets for a break in the hot dry spell which
probably promoted the early decline. lit
tie more trade buying was reported as prices
approached the 21-cent level, however, and
the market showed rather a steadier tone
later on covering and talk of an improved
outlook for an early settlement Of the coal
strike. December ruled around 81 80 shortly
after midday or about 10 points up from the
lowest and IS points net lower.
December sold up to 21.50 on the early
afternoon rally or back to abount yester.
days close, but trading became very quiet
on the advance and midafternoon fluctua-
lions were irregular.
NEW YORK COTTON
The following we,e the ruling prices In
the exchange today:
Tone, barely steady; middlng, 21.45c;
quiet.
Oper. High. Low. Sale. Close: Close
Jan. PA 81. AZ 81. 90 pip 81 IL 81 Al
March 81. 90 p. SO 81 90 21.13 81 .0S 81. 80
May .21.OO 21.25 81 90 81 90 ..... 81. 20
July. ..... go. I.oo
Oct. .21. 80 81 AZ 81 OF 21.21 1.21 p. 43
Dec. 1.47 81. so 81 .16 81. % 81 23 81 80
NEW ORLEANS COTTON
NEW ORLEANS, La, Aug. 4.-PriFate
reports of rain in the northeastern sectic-: 0f
Texvas and hopes that it would extend over
the more droughty sections of the state
caused selling cotton today, under which
prices lost 81 to 81 points in the first
hour of the session. October feH OH 10
POSSE. The market was steadied at the
decline and selling was held in check by
further reports of severe crop deterioration
from many points in Texas.
Buying increased after the posting OF
supplemental weather returns indicating
that drouthy conditions in the west were
becoming worse, as 26 stations in Texas
reported Maximum temperatures for yes
terday of from 100 to ITO degrees, the
highest range of temperatures of the sea-
SON in the reports received by this market.
At IL O'Clock prices were back up to 2O.93
for October, the list standing unchanged
to three points down compared with yes
terday's last ?gures.
The upturn continued until the most ac-
tive months were to 10 points higher than
yesterdays final prices, October reach
ing up to 21.05 in the trading up to 1890
o'clock.
NEW ORLEANS COTTON
The following were the ruling prices in
the exchange today:
Tone, easy; middling, 21.25c; quiet.
Last Prev.
Open. High. Low. Sale. Close. Close.
Jan. ..2072 20. 90 90. GO 2O.72 20. 6s 20. 90
March .2o.75 20. "a 20. SO 20. go 20. So 20. sS
May ....... 49,. ..... 70 52 2o.7e
Oct. 2O.95 81 .O5 20. 5S 70 20. - 20. 90
Dec. 20. 81 q. 90 &c. ga 20. rs 20. 70 20. 9S
ATLANTA SPOT COTTON
Atlanta spot cotton, 81 soc
Receipts ............ 80
SHIPMENTS ~ ......... 1872
LIVERPOOL COTTON
Tone barely steady; sales 5000; COOL
n1iddling, 13.31d.