Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-08-03
COTTON

NEW YORK, Aug. 3.-The' failure of yes
terday's government cotton crop report t(
further stimulate demand in the Liverpoo
market was evidently disappointment t.
yesterdays buyers here, and the local open
ing was steady at a decline of 80 points or
August and of to points on other months
There was local and Wall street buying, but
the demand was supplied by further scat
tered raliZing and some southern selling
which sent prices off to %. 03 for October,
and 300 for December during the early
trading or about 25 to 81 points net lower.
Private cables reported some selling In Liv-
erpool on reports of showers in Texas, which,
however, were not confirmed by early wealth.
er advices published here.
Prospects for lower temperatures in Texas
and rather less favorable view of the labor
situation, doubtless increased the disposition
to liquidate some of the contracts purchased
yesterday and the decline extended to 81 80
for October and 81 ST for December about
50 to AZ points below yesterdays closing
quotations and fully cent pound below the
= high price of yesterday. Offerings then be-
came less active and the market showed rail-
lies of few points from the lowest around
midday. The weekly report of the weather
bureau was commented upon as a little more
favorable than expected.
Traders seemed to be waiting for Texas
weather reports and the mid-afternOon mar
ket was quiet with prices ruling around
q SIC for December, or % points net lower.
ceipts of the first Mississippi new crop
bale. Over a wee earlier than the first bale
of last season, and the official reports to
the effect that cotton was opening rapidly
in Georgia and that Alabama was marketing
new bales. In the trading up to 21:30 O'Clock
prices were sent 80 to A points under the
close of yesterday to 81. 45 for October.
NEW YORK COTTON
The following we,e the ruling prices In
the exchange today:
Tone, barely steady; middling, % O5c;
quiet.
Last Prev.
Oper. High. Low. Sale Close Close
Jan. 20 04 % .06 81. SO 81. SO 81. SO 22. 10
March 20. 03 % .O3 81. so 81 50 81. so % OF
May ...21. 80 1.93 81 40 81. 45 81. Al 81 .95
Oct. i. % IS % % 81. 10 81 81 81. 70 %. 30
Dec. Pills %. 90 21.77 1.7s PHI %. %
NEW ORLEANS COTTON
NEW ORLEANS, Aug. 3.-Poor cables and
reports from private sources of somewhat
lower temperatures in the northwestern Sec
ton of the beelt caused a lower trend in the
price of cotton today. Considerable liuuida-
tion of long cotton, taken on in the buying
tlurries of yesterday was apparent. In the
first hour of the session, the trading posi-
2l59.
The decline continued until it amounted to
80 to 80 points and October stood at 21.49c.
Continued dry and hot weather in the west
ern belt, and reporst to brokers of con-
sequent crop deterioration, had q steadying
effect and at II o'clock prices were at net
at 2I.72c.
NEW ORLEANS COTTON
The following We're the ruling prices in
the exchange today:
Tone, steady; middling, 22c; steady.
Last Prev
Open. High. Low. Sale. Close. Close
Jan. .21. SO 81 .63 20 81 .26 81 20 q. 73
March .21 SO 81. So 81. 10 81 10 81. 10 81. So
May ..21 So 81. 40 lis 81 Is 81. 90 81. so
Oct. .21. ss 81 .sS 81 40 81 40 81. 40 q. SO
Dec. rs 10 81 80 q. SO 81. SO 81. 10
ATLANTA SPOT COTTON
Atlanta spot cotton ...o2 25c
nnecelPts -. -. II
.,uipiueHtS -. -. sc
etochs - IL ,S9S
LIVERPOOL COTTON
Tone, steady; sales. 5000; good middling;
13.70d.