Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-07-27
COTTON

NEW YORK, July 26.-The failure Of
Liverpool to respond to the sharp upturn
in our market late yesterday was the signal.
Tor a heavy selling movement in cotton
this morning under which prices sustained
another severe break. Opening barely steady
1t Is to 81 points net decline, the market
met pressure from New Orleans, Well
street wire houses and the south. and in
the early trade broke to 21.14 for OCTOBER
md 21.0s for December. representing net
osses of 26 to 81 points. Japanese inter-
ests and Liverpool houses were the best
buyers on the break. A less favorable IN
depreciation of the labor news checked out
tide business and increased the bearish feel
ing among local traders.
Later selling carried October off to 2O.99c
ind December to 20.90c, where an active de-
nand was encountered from shorts ana
commission houses. This was based on dry
weather complaints from Texas and reports
II increasing boil weevil activ1tfes IN the
EASTERN belt and ventually brought the mar
get into a very strong position, with &C.
i've months selling back almost to last
lights close, and about forty points ABOVE
The forenoon low levels.
Reactions in the afternoon due to south
Urn selling and the bearish strike news
weakened October to Pip, or about 20
POINTS from the top. Slight rallies Ionowed
tut the market showed little stability ow-
ng to the absence of public buying interest.
NEW YORK COTTON
The following were the ruling prices in
he exchange today:
Tone, steady: middling. 21;45c, quiet:
Omen High Low. sass' Close. Close rose.
Ian. Iii. O2 81. Is 20. IA 20.93 o.9S 21.23
6ch. 80 PHO 2O.75 2O.s9 20. so Pills
day 20. SO 20. SO POST 81 20. II q. OF
,ct. ...21. 20 q .4s 2o.ss 21.2o 21.1s 21.41
bee. ...21.15 81. ss 5000 21.o9 81 .oe 81 So
NEW ORLEANS COTTON
NEW ORLEANS, La, July 26.-Poor ca
lies caused a lower opening in the cotton
market today and a private bureau report
a the condition of the growing crop OF
40 per cent of normal, against the same
iercentage a month ago, indicating a yieid
Il 10, zoe, 600 bales, against 1l6!U,ooO a
month ago. caused continued selling. In
he first hour of the session prices lost ~
D AZ, points, carrying October off to 2O.4S.
Scattered offerings and some little hedge
elling gave the market a rather soft UNDER
one in the late trading and at 1890 o'clock
rices were % to % points under the Ilnals
& yesterday with October off to IO.7O.
The weekly crop reports from the govern
lent were rather better than expected but
yere completely offset by the highly unfa-
orable tone of private reports from Texas
nd Oklahoma where 1t was claimed the
rop was showing rapid deterioration under
oDtinued high temperatures and dry wealth
r.. In the trading up to IL O'Clock October
ras carried up to 20.92 at which level the
LIST was points down to 3 points up, COM
AIRED with the final prices Of yesterday.
NEW ORLEANS COTTON
The following were the ruling prices in
he exchange today:
Tone, steady; middling, 21.50c steady.
Last. Prev.
Open. High. Low. Sale. Close. Close.
an. 20. SO 20. 7e 20. 3S 20.5 20.4S 90. 81
fch. ..2O.43 20. SO 20. 20 20. 3s 20. SO 20. 81
lay 49,. 49,. ZU'lo zU.4z
let. ...20.7O 2O.95 2O.4s 20.73 2O.71 20.95
lee. go. 65 20. SO OBS 20. SO 20.56 20. SO
NEW ORLEANS SPOT COTTON
NEW ORLEANS, July 2e.-Spot cotton
,uiet and unchanged. Sales on the spot
Il; to arrive, $50; low middliDg, 1925;
Kidding 21.50; good middling, $3.50; re-
eipts, $50; stock, 103,76O.
ATLANTA SPOT COTTON
atlanta spot cotton ................- &c
kecetpats ........ .....s ...........
lnlpments ............ .....'....-'' ~ .
tocks $500. ........'.' .lo,o%f