Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-07-18
COTTON

NEW YORK, July 17.-An easier tone
was noted in the cotton market early TO-
day because of predictions for showery
weather in the southwest where rain is
needed.
First prices were 16 to SO points lower
and the market was under pressure from
the south, Liverpool and Wall street, with
commission houses and the trade most active
buyers. The cables and European financial
news were rather bearish and after rally
of a few points the market again became
heavy with October declining to 1927 and
December to 22.13.
Few changes occurred in the late forenoon
market except that the undertOne improved
a little on persistent reports of boil weevil
damage and reduced prospects in Texas.
There was little scattered covering by
local traders and some buying for New Or
leans account, which rallied October to
q. 36c and December to 22.22c, or from 10
to 10 points above the lowest of the fore
Another weak spell developed in the aft
et'noon. however, under selling by japanese
interests and further pressure from recent
buyers, owing to the generally favorable
tory labor developments. October dropped
to 81 9Oc and December to 21S0c or so to sc
points below the close of Saturday.
NEW YORK COTTON
The following were the ruling prices In
the exchange today:
Tone, steady; middling. 22.2Oc; quiet:
Open. High. Low SAFE. Close. Close.
JAM =. q. so 81 90 81 .55 81 60 81. go %. 90
Mar :. 10 81 .s3 81 so 81. so 81. so 81. 90
May =. 2154 81. 81 81. "a 81 40 81. 40 81. 60
July :. % % % % % 90 %. 90 81. "a %. SO
Oct :. %. 80 % 81 81 81 81 90 81. 9S %. 46
Dec. >. %. 10 % % 81. rs 81. sc 81. So %. 81
NEW ORLEANS COTTON
NEW ORLEANS, La, July 17.-Poor ca
bles and continued favorable crop accounts,
especially from Texas, caused moderate
selling in the cotton market today and in
the first hour of the session the trading
months lost II to IS points, October fell
off to 21.74. The tone was steady at the
decline because of the more favorable news
relating to the rail strike.
- Prices came back to within to points
Of last weeks close, October recovering TO
81 So, on reports of storm in tropical wa
ters but support withdrawn when FUR
ther reports indicated that any such disturb
ance was too far distant from the cotton re-
gon to be any ehreat to it. At IL O'CLOCK
prices were back again at about the lowest
levels of the morning.
NEW ORLEANS COTTON
The following were the ruling prizes II
tto exchange today:
Tone, steady; middling, 2225c; steady:
0pep. High. Low sale. close ClOSe
Jan. =. 81 80 81. 50 81 OF "a % 81 81 "a
Mar. 81. 20 21.31 20. 93 81. 04 81 .04 q. 81
May 49,. 49,. ..... Zo'o+ a. 1"
July :. 90. % % 30 90. % %. 90 81 SS %. 81
Oct. -. 21.76 PISS 81. So 81 81 81. 4S 81. 90
Dec. :. 81. 81 81. 60 81. 81 21.34 81 81 21.7+
NEW ORLEANS SPOT COTTON
9- NEW ORLEANS. July H.-Spot cotton,
steady % points lower; sales on the spot
946; to arrive. none.
I Low middling, 2l.00; middlinG, p 2 Zoe:
; good middling, 2325c. Receipts, 2,209;
stock, IL 1886.
SPOT COTTON MARKET
Atlanta. steady, 22.75c:
New Orleans, steady, 22.25c.
New York quiet, %. zoe.
Philadelphia. steady, % 45c.
Galveston, steady. 22.35c.
Norfolk, steady, 22.30c.
Savannah, steady, 22.1Oc.
ST. Louis. steady, 23c
Little Rock. steady. 22.50c.
Houston, steady 22,60c.
Dallas steady, 2220c.
Wilmington, nominal.
Montgomery. steady. o. SOC.
Mobile, steady. 81 SOC.
Memphis, steady, 22.75c.
Augusta, steady, 22.50c,
ATLANTA SPOT COTTON
Receipts ........... .........'....... zoz
Stocks .......... ..,...'.'.''.' .1f'oo@