Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-06-01
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COTTON

NEW YORK, May 31.-Reports Of unset
tied weather in the south over the holiday
and higher Liverpool cables were followed
BY an opening advance of to 81 points in
the cotton market here today. July con-
tracts sold at 21.17c and October at 2O7Oc
on the call, but there was good deal of
realizing for over the bureau report, due at
noon (New York time) on Friday, and the
market lost several points of the advance
right after the call. Private cables at
tributed the advance in Liverpool to good
spot demand and good trade in Manches-
ter but houses with Liverpool connections
were sellers of July contracts here. New
Orleans was also moderate seller, but
local brokers attributed the bulk or the
offerings to realizing by commission mouse
longs, who thought that low end-May condl-
ton figures had been pretty we'll discounted.
The market worked off to 20.94c for July,
or within 5 points of Mondays closing
quotations, during the middle of the morn
ing, while later months sold l to ~ points
net lower, with October touching ~. 46c ana
December 20.23c. Except for the pre-
bureau realizing or liquidation. however,
there was little selling pressure ana the
market became quieter toward MIDDAY, WIN
prices showing rallies of or points from
the lowest. A private crop report issued
this morning made the condition 90. me
average of nine private reports SO lar
The official western belt forecast was
little more favorable than expected and the
market eased off during the early after
noon under further scattering LIQUIDATION
JuIv sold to 20. Ssc and October, 203Sc. or
about 1 to points net lower, whlle ater
months showed losses from 20 to % points.
NEW YORK COTTON
The following were the ruling prices IN
the exchange today:
NV
Omen. High. Low Noon. Close.
Jan. 20. % 20 .26 1877 1881 81 2O.15
March 20. O5 90. OF 10. "a 1854 9.64 90 %
July .21.15 21.17 20. Go SO 20. 65 20. so
Oct. 20. 20 20. 70 20. % &c .25 2o.47
Dec. .2O.4 20. 45 20. OF 2O.O5 20. 04 2o.3O
NEW ORLEANS COTTON
NEW ORLEANS, May 31.-Further rains
In the belt and cablegrams from Liverpool
telling of more activity in Manchester put
the cotton market to 13 points higher on
the opening today Heavy LIQUIDATION came
from realizing longs. and reaction ensued
the market standing to 20 points under
the close of yesterday at the end OF the
first hour of trading. July so s0l a. as h'gh as
&c. 90c and dropped back to 20 !3c.
After rallying to about the highest leVels
on the forecast of showery weather Tor
\ the eastern half of the belt the market
ton for the long account. Becoming very
irregular, with selling pressure greatest
against the distant positions, the list toward
II O'Clock showed net losses OF 10 20
points. January showed the WIDEST loss'
falling off to 1919.
Humiliation became heavier, especially In
the. distant months, and tn emarket fell OH
to 2O.6Sc for July and 1920 for January, at
Yesterdays finals At 1890 o'clock the
market was steady, few points up from
the lowest.
NEW ORLEANS COTTON
The following were the ruling prices IN
the exchange today:
Tone, steady; middling, 20.5Oc; steady.
Prev.
Open. High. Low. Noon. Close.
Jan. 10 80 10. 80 10. 80 1890 $50 1915
March ..19. 81 10. 81 10. 70 1920 100 1915
July 20. IS 90. 80 20. so 20. so 20. so 2O.77
Oct. 20. 35 &c. 35 1875 1884 "a 2o.2O
Dec. 30. O5 20. O5 10. so 1880 10. So 10. 81
NEW ORLEANS SPOT COTTON
NEW ORLEANS, May 31.-Spot cotton
steady and unchanged. Sales on the spot,
1947 bales; to arrive, 351. Low mlddl1ng,
Ice; midd1ing, 20.50c; good middling, 21.5Oc.
Receipts. 6,376; stock, 1925.
SPOT COTTON MARKET
Atlanta, steady, 20.60c.
New Orleans, steady, 20.50c.
New York, quiet, 21.20c.
Philadelphia, steady, 1.45c.
Norfolk, steady, 20.15c.
Savannah, steady, 20.50c.
ST. Louis, steady, zoe.
Little Rock, steady, 2Oc.
Houston, steady, 1850.
Dallas steady, 20.30c.
Wilmington, nominal.
Galveston, steady, PIC.
Montgomery, steady. 20c.
Mobile, steady, 19.SSc.
Memphis, steady, 20.40c.
Augusta, steady, 20.60c.
ATLANTA SPOT COTTON
Atlanta spot cotton ............'..'2o'6OO
Receipts ..........'.........' o3o
Shipments .............. olo
stocks ........,.,..........26, OH
AMERICAN EXCHANGE QUOTATIONS