Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-08-01
COTTON

NEW YORK, July 31.--The cotton mar
ket opened at decline Of 10 to IA points
In response to relatively easy Liverpool ca
bles and sold about 20 to "a points net
lower during today's early trading as a re-
suit Of scattering liquidation and Liver
pool and Wall street selling. There also
was some selling believed to be for Jap
anese account on the decline, which carried
October contracts to 21.22 and January to
20.97, but general business was quiet with
traders showing a continued disposition to
wait for the governments crop report due
tomorrow. Two more private reports were
issued this morning by local authorities,
one of them making the condition 74.1 and
the indicated crop 2,125,OOO bales, While
the other made the condition 1875 and the
indicated crop IL ,496, 900.
A third private report appeared shortly
after the opening making the copdltlon 10,
and the indicated yield IL 100000 bales.
According to a canvass Of cotton exchange
members local traders are looking for
government report of 1874 on the average
Business remained quiet with the market
working off to q net loss of 80 to 81 points
under scattering liquidation. There was
little covering on the basis of II 10 for DC
tober and 2O.90 for January which caused
rallies of few points from the lowest
around midday.
No fresh trading feature developed during
the middle of the afternoon and the mar
ket was dull around 21.20 for October, or
about % points net lower.
kilograms received here from Texas said
that the continued dry weather was lead
ing to increased crop complaints.
NEW YORK COTTON
The following were the ruling prices on
Tone, very steady; middlng, 21.45c; quiet.
Open. High. Low Sale Close Close.
Jan. .21. OS 81. IL 20. 90 81. 04 1.04 PIP
March .04 81. Os 90. IS 2O.97 2O.96 81. Is
May 20. 95 20. 95 20. SO 20. IS 20. s. 81 .05
Oct. 20 81. 80 81. 10 81. % 21.22 81. AZ
Dec. .21. % q. % 81 .05 81. 20 21.1s 21l35
NEW ORLEANS COTTON
NEW ORLEANS, La, July 31-An I'M
favorable opinion of foreign news, a poor
Liverpool market and talk of condition
report from the government of over - per
cent Of normal put the cotton market lower
today. In the first hour of the session the
trading positions lost 81 to % points. &C.
tober sank to 20.73.
At the lowest of the morning prices were
% to 81 points down. October did not make
new low but March fell off to 20.47. The
continued drouth and high temperatures N
Texas, together with the forecast OF fair
and continued warm weather for all states
in the western division Of the belt gave
the market somewhat steadier feeling
and at IL o'clock prices were about ten
points up from the lowers. A..
last half of the session, with prices gain
ing few points on reports Of o6 de ter 1fat
tion in the western belt. at 12:30 the ns1
showed net losses of IL to IA points. Oc-
toher standing at 20.S2c.
NEW ORLEANS COTTON
The following were the ruling prices in
the exchange today:
Tone, barely steady; middllng, 2l.Zoc;
steady.
Open. High. Low. Noon: Close.
Jan. 40 20.74 us 2O.67 POST 70. 81
March 20. so 20 90 20. A 20. SO 20.5S 2O.7
May 49,. ..... 49,. Zo.4o %o'oo
Oct. .2O.9O 20. 80 20. g 2O.S5 2O.s1 2O.9G
Dec. 20. rs 20. 10 20. So 2O.7 II .S5
NEW ORLEANS SPOT COTTON
NEW ORLEANS, July 31.-Spot cotton
quiet, % lower; sales on the spot 10; to
arrive so; low mdding 1000; middling
21.25; good middling 22.25; receipts $780,
stock 1916. u,