Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-08-12
COTTON

NEW YORK, Aug. 1.-THE cotton mar
ket opened steady at an advance of IA to
2s points in response to higher Liverpool
cables, and renewed nervousness over wealth
er and crop conditions in the south. There
was a good deal Of further covering in
wan street nA& local Saying on the reports
Of rising temperatures In Texas and incrcas-
ing complaints of insect damage in eastern
and central sections of the belt. The ad-,
vance to COOS for December contracts made
q recovery OF over $3.50 per bale from the
low price of "Wednesday, however, which
was evidently sufficient to attract consid-
cradle realizing as result OF which the
market eased off few points from the
best.
Early realizing sales were absorbed on re-
actions of 10 or Is points and the market
showed increasing strength later on reports
Of better spot demand and a mid-montn
crop report indicating condition OF 89.4
compared with 74.9 toward the end of last
month. Covering was active on the advance
which carried prices up to 81 "a for Decem-
Der contracts, or Ga points above yesterdays
closing.
Rumors of German moratorium prob
ably contributed to the midday advance but
after selling at 21.44 for December buying
was less active and the mid-afternoon mar
ket showed reactions of 20 or ~ points
from the best under realizing.
Early realizing sales were absorbed on
reactions of 10 or Is points and the mar
ket showed increasing strength later on re-
ports of better spot demand and a mid
month crop report indicating condition
of 694 compared with 74.9 toward the
end of last month. Covering was active
on the advance which carried prices up
to .. "a for December contracts, or I'll
points above yesterdays closing.
NEW YORK COTTON
The following we,e the ruling prices IN
The exchange today:
Tone. barely steady; middling, 21.4Oc;
quiet.
Oper. High. Low. Sale. Close. Close
Jan. 30. 80 81. 80 20 10 81 .01 81. 90 20. 90
March 20 81 81 .26 2O.79 81 .05 81. 04 20. 6S
May .2077 81 81 90 rs 20. 95 .95 20. As
July So. -. -. 2o. %
Oct. 20. % 21 80 20. Sc 81 Is Pill 20.70
Dec. .21. 96 81. "A 20. s5 81 10 81. 10 2o.71
NEW ORLEANS COTTON
NEW ORLEANS, La, Aug. IA much
higher Liverpool market than due, contin-
ued drouth in the western belt. too, much
rain In the Atlantcs and claims that east
ern mills were bare OF supplies OF raw
higher today. In the first hour of the
session the trading months rose 81 to AZ
points, October advancing to 20.75.
The market continued very firm, getting
new strength from rumors that German
moratorium had been declared and that
events were shaping up favoraby to. end the
rail strike in this country. Reports OF crop
deterioration, however, were the main influ-
ence and a private bureau report on condi-
ton for the mid-month of C9.4 per cent OF
normal, indicating a loss for the half month
Of 5.5 points, caused new buying. The adj
vance was widened to Ga to 90 points, carry
ing October to 20. 3d. At IL o'clock October
was off to 20. 76 under realizing by longs.
While realizing by longs continued 1t was
not large enough in volume to any more than
meet the new demand and at 1880 o'clock
October stood Mt 20.79, with the list showing
gains of 81 to SO points oyer yesterdays
finals.
NEW ORLEANS COTTON
The following were the ruling prices in
the excha nge today:
Tone, barely steady; middling, 21.13c;
Open. High. Low. Sale. Close. Close.
Jan. 20. SC 20. 80 20. s5 20 .65 20. 60 2O.1s
March 20. SO 2o.75 2O.37 2o.57 2O.57 POLL
May ...20.51 2O.51 2o.51 49,. 20.51 20. oil
Oct. 20. 65, 81. 07 20. so 20. 80 20. so 20 2s
Dec. 20. 81 20. 08 20. 43 20. u 20.70 20. p
NEW ORLEANS SPOT COTTON
NEW ORLEANS, Aug. 11.-Spot cotton,
arrive, none; low middling, 1888; middling,
21. 10; good middling, %. 10; receipts, 500;
stock, 81, 452.
ATLANTA SPOT COTTON
Atlanta spot cotton .,...... ....... 21.50c
Receipts $3.50. .....*.- ......... 14S
shipments $3.50. 137
LIVERPOOL COTTON