Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-07-15
COTTON

NEW YORK, July 1.-THE cotton mar
ket was lowg during .ouay's early trading
owing to easier Liverpool cables, less IA
vorable view of Euro jean conditions and
nervousness over the railroad labor situation.
First prices were easy at decline of 10 to
10 points and active months sold 10 to %
points net lower with October easing off TO
%. 46, and December to 22.3S under real-
izing by recent buyers and southern selling.
There was some further Wall street buying
on reports of unsettled and showery weather
in the south but except for Doll weeVll COM
plants, crop advices were generally faVora-
BILE.
After selling off to 22.43 for October and
22.2S for December or about - points net
lower the market steadied on the eXecu-
ton of scale down buying orders and later
rallied on the bullish domestic consump-
ton figures, according to the census bureau;
domestic consumption for June was 5O7 SOY
bales against 461 ,917 last year which was
above general expectations. There was
also some buying on the wet weather IN
the eastern belt and the rally carried DC.
tober up to 2261 or within 10 points OF
yesterdays closing quotations. New Orleans
sold on this advance. however, and prices
were several points off from the best
around midday.
The market was firmer during the early
afternoon with October selling up to 221
and December to- 22.54 or back to about
last nights closing prices on rumorS OF
mere favorable developments in the rail-
road labor situation. Business was COM
paratively quiet.
NEW YORK COTTON
I The following were the ruling prices IN
the exchange today:
Open. High. Low. SAFE. Close Close.
Jan. :. % .O5 80 so 81. 81 30 90 30 .O3 %
Mch. o. 90 90. % 81. 50 2i.90 81 %. IS
May ;. PHO 81. IS 81 10 21.S7 21.6S 21.03
July :. 90. 40 30. 90 90. 80 90. so %. AZ % 81
Oct. :. 252 %. so 30. 43 2.47 22.46 22.71
Dec. =. % A. % e. 90. % 80. 81 90. 81 2.57
NEW ORLEANS COTTON
NEW ORLEANS, July 14.-Reports of con-
siderable cotton being ginned in the earliest
counties OF Texas and poor Liverpool put
the cotton market lower on the opening to-
day and before the session was very old
prices were 81 to 2S points down, October
standing at 21.93 The census bureau fig
ures of 50T, 500 bales the American con-
sumption during June were larger than ex-
pected and caused enough buying to put
prices, soon after O'Clock, 10 to ID points
up from the lowest
The forecast of showery weather over con-
siderable areas in the eastern belt and ru-
mors over private wires that the outlook
had improved for settling the coal strike
brought about much steadier feeling and
toward IL o'clock the most active months
were 1 to Z points higher than yesterdays
final prices. October advanced to EPIC.
The shrinkage in the visible supply of
American cotton ito 2,21S,027 bales against
ALP 143 bales year ago, according to
statistics for the week from Hester, in
crearsed the demand somewhat and at 1890
O'Clock prices of the most active months
were to 10 points net higher, October
standing at 81 80. The visible supply lost
125, S23 bales during the week.
NEW ORLEANS COTTON
The following the ruling prizes II
Ire cvehargp today:
Tone, steady; middling, 22.5Oc, steady.
Last prev.
oper. High. Low. Sale. Close. Close
Jan. :. 81 6S 81. So 81. so 81. so 81. so 81. sc
Mch. 157 81. sc 81 80 81 80 81 80 81 81
May :. 21.15 81. Is 81. 10 Is 81 % 81. 40
July :. % 40 90. "A %. 40 %. Al %. 80 % IS
Oct. :. % 10 81 81. So 81. oS 81. 90 90. 20
Dec. :. 81 90 22.O7 21.73 PITT 21.74 90. OF
LIVERPOOL COTTON
LIVERPOOL, july 14.-Cotton, spot quiet;
middling, 1880; lnidding, 1866; low mid
ding, 49, 20; good ordinary, 1885; ordinary,
11S5 Sales 5000 balos including 1000
American. Receipts $4,000 bales, including
1884, 900 American.
Futures closed quiet; July. 1922: October,
1916; December. 1913; January, 12.42;
March, 12.2S; May, 12.16-net L point off to
points up from previous close.
Tone, quiet; sales, 5000 bales; good mid
ding, IA God.