Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-06-13
COTTON

NEW YORK, June 12.-Reports of better
weather in the south and the failure of
Liverpool to fully meet New York adj
yances of late last week led to heavy
realizing in the cotton market here at the
opening. today There was also scattered
souther nselling and local pressure, but
after starting easy at decline of 30 TO 81
points with October selling at 21.S5, the
Market rallied several points from the low
est trade and commission house buylng.
Very little rain was reported IN the south
over Sunday and the outlook was conSlueIeu
favorable for fairly clear cohultlohe 'ou"'
and tomorrow. Ell, -
The early rally met another furry OF
heavy general liquidation owing 10 the IA
vorable weather map. Stop orders were un.
covered on the decline, which EXTENDED 10
81 55c for October and 21.33c for Decem-
Der. or about IS to 6S points net lower on
the general list. The market then steadleu
I'D several points from the lowest on In5
oiI1clal forecast for showers III IeA"s' anu
trading became less active.
Midday rallies were not maintained anu
the market was unsettled during the mluuls
of the afternoon under continued Scal' ar,d
lioudation October sold off to u: 90 ana
December 10 81 80 or about g. to Il points
net lower.
NEW YORK COTTON
The following were the ruling prices IN
Tone. barely steady middling, 22.l3c'
quiet. ,4 prev
Omen. High. Low. Sale. Close. Close.
Ian o1.4s ITO 81 90 u. 90 81. 90 81. So
Nfcb 81. 40 81 80 20. 90 2O.92 20 80 o.
MAY -. 49,. $50. ....' -o' ~ -l'''
JuIv 90. 10 2.15 81 81. sc 21.63 o.
Oct. 81. 90 %. 90 81. 43 40 21.4s D.
Dec. ...21 .6s 81. so oil 21.25 21.4 22.ol
NEW ORLEANS COTTON
NEW ORLEANS, June l2.IFairly Gps
weather over the belt caused selling
movement in cotton today which carried
prices off SO to As points in the first hour
of the session. Cables were poor ana they
increased the offerings, especIal5oG o arIu unh
liquidation of long contracts came out "'
the decline. ,o
The extreme weakness of foreign exchange
attracted much attention and the decline
was rapidly widened to IS to 70 points,
July falling to 21.73c. Support was o1ter-
ed at these levels and at IL o CLOCK prices
were six to eight points up from the low.
est, but the market MADE no great sno" VI
recuperative power.
mid-month condition report OF 90,
against 72.1 at the end OF the May conul
tion period attracted some attention, puI
caused little buying. Fresh Iiquluatloh
struck the market and in the trading up TO
f:SO O'Clock the trading months were sent
to declines of 81 to 81 points. July traded
down to 21.67.
NEW ORLEANS COTTON
The following were the ruling prizes IL
Ire exchange today:
Tone, steady; middling, nc STEADY.
Oper. High Low. Sale. Close. Close
Ian. 21. O2 81 .O5 20. 40 2O.49 20 40 81 81
Mich. 20. IS 20. s. 20 % 2O.25 20. 81 q .os
July ...22 IL 22.1s Isl 81. 81 81 so %. AS
Oct. .21.65 81 .65 21.O0 PLOT 21.04 21.SS
Dec. 21. 20 81 80 20 65 90 90. 50 81. 80
SPOT COTTON MARKFT
New Orleans, steady, 22c.
Atlanta, steady, 22.25c.
New York quiet 22.15c.
philadelphia. steady, 22.4Oc.
Norfolk, steady, 21.S5c.
Savannah, steady, 21.9Oc.
st. Louis, steady. 20.5Uc.
Little Rock. steady. 21.50c.
Houston. steady, 22.65c.
Dallas. steady, 21.60c.
Galveston, steady. %. Csc.
Wilmington nominal.
Montgomery. steady, 21.25c
Mobile, steady, dc.
Memphis, steady, 21.10c.
Augusta, steady, 2l.SOr.
ATLANTA SPOT COTTON
Atlanta spot cotton ....... z oc
Receipts ....' .'''''' ''''' 90
Shipments 49,. .'..'.'''' 10 o o.'t
Stocks ......... $500. .''''''''''-'''