Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-06-17
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COTTON

NEW YORK, June 16.-Relatiyely firm
Liverpool cables failed to inspire any buy
ing of consequence in the cotton market at
the opening today and first prices were
point lower to 1 higher. No change was re-
ported with references to the tropical dis-
turbance responsible for the posting OF storm
warnings on the lower Texas coast ana
weather prospects for that section were con-
sdered uncertain Otherwise, the weather
map was regarded as generally 1aVoraDle anu
prices eased off after the opening under
scattering liquidation and little southern
selling. October sold down to 2l.oo or ABOUT
is points net lower. Private cables re-
ported spinners calling in Liverpool ana sala
Manchester was doing a fairly active bust
ness. -
After showing net losses of about 10 to IS
points, the market turned steadler' owing 10
uncertainty regarding the further course OF
the gulf storm,/ which was said to have
passed inland Immediately south OF the Rio
Grande this morning. There was also some
scattered buying on unfayorable crop adyices
from India and China, or on boil weevil re-
ports from the south. October contracts
rallied from 81 .35 to 81. "A and the general
market was quiet, but steady around mldoay
with prices some to IL points net lower.
Offerings remained very small during the
early afternoon and the market turned firm
err around O'Clock on covering promoted
up to 21.72 with the active months gen,
orally showing net advances of about 20
to "a points.
NEW YORK COTTON
The following were the ruling prices Ia
the exchange today:
Tone, steady; middling, % 4oc; quiet.
Open. High. Low. Sale. Close. Close;
Jan. 2117 21.55 p. 04 21.4S 21.45 21.1S
March 2103 81. IA $50 21.32 ..... 21.05
May 2Oso 2O.92 2O.74 2O.92 go. 49,.
July 81 sc 81 .9S 21.50 PISS 21.eS PIGS
Oct. i. 21.54 21.96 21.S5 PISS Piss 21.51
Dec. 2132 21.sO 21.14 21.63 21.6s 21.32
NEW ORLEANS COTTON
NEW ORLEANS, June 16.-Better cables
than due caused rise OF to points on
the opening of the cotton market today, put
continued hot and dry weather over the great
er part of the belt resulted in selling
under which prices fell to levels l3 to Il
points under the close OF yesterday. Inc
warning by the weather bureau that the dis
turbance in the gulf was passing inland over
the mouth of, the Rio Grande caused new
buying and at the end of the first hour of
business prices we're 10 to 10 points up from
the lowest. July first rose to 21.72 and
when the selling was heaviest fell off to
PAT.
British board of trade returns placing
British exports during May Of yarns at IA
200. 600 pounds against $500, 600 during, May
of last year and exports of cloths at 49,
900, 900 yards against 49, 000, 600 were
support to the market and toward IL O'Clock
new high levels for the day were reached.
July trading up to 2173c. Here the list
showed net gains of to points.
Mill takings were very large, 22S, 900 bales,
against 10000 bales this week last year,
and south Texas commenced wire brokers
here that very heavy rains were falling at
many points. These two features combined
threw the market into an uproar of buying
and prices were shot upward to 21.99 for
July, at which level the list stood at net
gains of 81 to A points.
NEW OPTEANa COTTON
The following were the ruling prices IL
Re exchange today:
Tone, steady; middling, 21:75c; steady.
oper. High. Low. Sale. Close. Close
Jan. 2O.67 21.Oo 2O.5s 2o.95 2O.o5 2o.eo
March :. &c. SO 20.77 20. 50 20.87 2O.67 20.45
July Pip %. O6 21.47 %. 03 22.00 81. 6S
Oct. 211S 21.56 ,2O9s 21.51 21.4s 21.11
Dec. oOs8 q. 25i2O.6S 21.20 21.1s POSI-
spot COTTON MARKET
Atlanta, steady, %. 25c.
New Orleans, steady, 81 Toe.
New York, quiet, %. 40c.
Philadelphia, steady, % Coo.
Norfolk steady, II COO.
Savannah, steady, p. soc.
st. Louis steady, soc.
Little Rock, steady, 21.25c.
Houston, steady, SOC.
Dallas, steady, 81. zoe.
Galveston, steady, 81 zoe.
Wilmington, nominal
Montgomery, steady, %. 40c.
Mobile, steady, 21c.
Memphis, steady, 22c.
Augusta, steady, 21.55c.
ATLANTA SPOT COTTON
Atlanta spot cotton -. -. ........ %. csc
Receipts .........r' 2oI
Shipments ...... ........ Dig
Stocks % $50
NEW ORLEANS SPOT COTTON
NEW ORLEANS, June 16.-Spot cotton,
steady; II higher; sales on the spot S43; TO
arrive, 142: low middling, 20. 25; middling,
81. 70; good middling. 22.T5. receipts, $3.50;
stock, 161,367. 4