Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-07-06
COTTON

NEW YORK, July 5.-The cotton market
opened at a decline of Is to 80 points under
liquidation by some OF Mondays buyers who
were disappointed by the showing Of Liver
pool and better weather advices than ex-
pected. Liverpool and some of the spot
houses were sellers at the opening Decline
but Wall street and New Orleans houses
were buyers and the demand seemed suffi-
Gent to give the market fairly steady I'M
dertone after the opening braek to =. 80
for October and 22.75 for December. Pr1-
waite cables reported a quiet market IN Llv-
efpool with a poor trade demand and ad-
yances on the bullish crop report OF Monday
checked by realizing. There was little To-
cal buying here on private reports OIL rains
in the Carolinas.
The official eastern belt forecast pointing
to generally favorable weather led to a
little more selling during the middling OF
the morning. October eased off to 2260
and December to 22.45, making net declines
of about 4S to 90 points on the general list
and reactions of some go points from the
high records touched after the publication
of the government crop report OH Monday.
Offerings then tapered off and there was
enough covering to cause rallies OF some
15 to 20 points from the lowest, but trading
was quiet around midday and the bulges
were not fully maintained. 1t is reported
that ocean freight room for 5000 bales out
of the local stock was engaged on Monday.
The market worked off to 2260c for Oc-
tober to %. 4Oc for December during the ear
ly afternoon, but there wa sa little more
buying at that level and prices showed a
rally of about Is to 16 points around 2
o'clock on covering.
NEW YORK COTTON
The following were the ruling prices n
Tone, steady; middling. 2S.3oc; quiet:
Last Prev.
Open. High. Low. Sale. Close. Close.
Jan. %. so %. so %. 10 %. 81 %. 81 % .27
March 90. SO %. 40 81 .97 1.1s %. Is %. 55
May %. 90 %. 90 81 81 81. 90 81 .02 %. AZ
July %. 93 %. 90 %. 81 %. 90 % 90 % .26
Oct. %. SIS % OF %. 60 %. 90 % 80 % .1s
Dec. .22.7 rs %. IS % 40 &c %. 65 % 90
NEW ORLEANS COTTON
NEW ORLEANS, La, July 5.-Realiing
sales from the long side, poor cables ana
favorable weather returns from about two
thirds of the belt, put the price of cotton
tower today, the trading months losing AZ to
October fell off to 81 cents pound. The
tone steady at the declines as scattered
new buying was met.
:. Realizing continued on the long side and
selling increased following the posting OF
the forecast calling for dry weather nearly
everywhere in the Gelt, except for showers
along the Atlantic coast. No great sup
port came from any quarter and In the
III up 10 IL OsCloCh pllCcS mclt u I"
So points under the close Of Monday, Oc-
&ober falling to 22.1S.
- Claims of improvement in the spot de-
mand gave the market much better tone
late in the day and at 1890 O'Clock prices
were 80 to 80 points up from the lowest,
October standing at 22.5Oc.
NEW ORLEANS COTTON
The following were the ruling prizes ~
Fc oVc!IarZe today:
{ Tone, steady; middling, 2250c; steady.
z.
Opep. High. Low. Sale. Close. Close
Jan. %. O5 %. IL 81 rs %. O3 81 .95 % 80
March ri so 81 81 so 10 81 81 q. Oh
July %. SO %. 81 %. 81 %. 10 %. IS % 20
Oct. so %. 65 2.1s AT o. % 81
Dec. F. .22.2O 22.31 81. s5 22.14 22.13 % .4s
SPOT COTTON MARKET
Atlanta, steady, 23.40c.
New Orleans, steady, 22.5 SOC.
New York, quiet, 23.3oc.
Philadelphia, steady, 23.55c.
Galveston, steady, 23.7Oc,
Norfolk, steady, 2Sc.
Savannah, steady, 23.10c.
st. Louis, steady, 22.5Oc.
) Little Rock, steady. 22.25c.
~ Houston, steady, 23,60c.
Dallas, steady, 23c.
Wilmington, nominal.
Montgomery, steady, :2.J0c.
Mobile. steady, 2oc.
Memphis, steady, 23c.
Ann ~