Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-06-20
COTTON

NEW YORK, June 19.-There was heavy
buying in the cotton market at the opening
today and prices made new high records
for the season. Liverpool showed uueX-
pected strength, while rains were reported
in eastern belt sections over the weekend,
which made a very unfavorabe impression
on sentiment as to crop progress. Ihese
features led to active covering by sellers
Of last week, while there was fresh buying
for both trade and commission house ac-
count, and after opening at an advance of
"a to 80 points active months soon showed
net gains of As to As pints, with October
selling at 22.45 and December at III.
This advance naturally attracted a great
deal of realizing but early offerings were
readily absorbed and 1t was rumoreu that
foreign spinners were buying futures poth
in Liverpool and American markets owing
to anxiety over the new crop outlook.
There was enough profit-taking or loca!
selling for a reaction to cause setpacKs oL
some Is to 20 points from the early hlgh
level but the market firmed again toward
midday on the prospect for continued show
ers in the belt. increasingly numerous re-
ports of boil weeyil activity, covering by
early sellers and another squirt of CON-
mission house buying. Prices LOT an
months made new high records win oc
tober selling at 22.73 and December at
80 or about 20 to rs points net Higher
on the general list. .,, 3.,o.
The market showed continued 1lrmness
during the middle of the afternoon Win
October ruling around 22.1S or ABOUT on
points net higher
NEW YORK COTTON
The following were the ruling prices Ia
Tone Steady. middling, % CSC, quiet.
Omen. High. Low. Sale. Close. Close.
Ian u SO %. As 81. SO 90. "a 2.34 21.60
Mar. =. 21.75 o. 80 21.75 22.21 % 20 21.46
May >. .6S % .O5 81. 6S 22.O5 22.OO 2l.25
July >. %. 80 % 80 %. 20 22.77 2.76 22.O4
Oct, .. o.. 20 %. SIS 22.2O 22.70 22.70 1.9S
Dec. =. %. O5 %. G3 90 .O5 80 pas 21.7G
NEW ORLEANS COTTON
NEW ORLEANS, June 19.-A1uch rain IN
the eastern half of the belt and scattered
rains in the western half, combined Win
a much higher Liverpool market than oue,
nut the price of cotton to new high levers
for the season today, July trading up 10
rs in the first hour of the session: AT
this price the active positions were o. 10
6S points higher than the closing quotations
of last week.
While there were small recessons every
now and then, the general trend Ut me
market was toward higher levels. me
forecast of generally shoWery weather hor
buying and in the trading up to IL o'::io"k
prices were sent II to SO points RICHER man
the finals of last week TO ZZ.9' ZOE 'u'1'
NEW ORLEANS COTTON
The following were the ruling prices ~
ire exchange today:
AoNe' 'o' Last Prev.
Oper. High. Low. Sale. Close. Close
Ian. ii As 81. 9S LAS 21.S+ 21.S4 81 .O3
Mar. : 90. 95 q. SO 20. 95 81 go 81. go 2O.7s
July %. As %. OS %. As 22.99 5000 %. 16
Oct. .. 21.75 %. 55 21.74 22.41 22.39 21.57
Dec. :, p. As % 20 81. As 22.07 22.07 21.26
SPOT COTTON MARKET
Atlanta, steady, %. 15c.
New Orleans, steady, 22.7oc.
New York, quiet, %. 25c.
Philadelphia steady, 23.ooc.
Norfolk steady, 22.65c
Savannah, steady, 22.75c
st. Louis, steady, 22.6Oc.
Little Rock, steady, %. 1Oc.
Houston steady, 23.35c.
Dallas, steady, 27.75c.
Wilmington, nominal.
Montgomery, steady, 23.1Oe.
Mobile, steady, 22c.
Memphis, steady, 22.15c
Augusta steady, 21.60c.
ATLANTA SPOT COTTON
Atlanta spot cotton .....-....2 "a. !9c
Receipts .'..'' '..''.''''' ~ ~
Shipments .....''' '..'''' - 80
.