Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-06-27
COTTON

NEW YORK, June 26.-There was fur
tner decline of to IS points in the cotton
market at the opening today owing to re-
newal of more or less general liquidation and
local selling in response to lower Liverpool
cables and reports of favorable weather in
the south. October contracts sold off to
21.17, or % points below Saturdays low
level, but New Orleans was moderate buy
er here, while there was also considerable
trade buying and covering. This support was
sufficient to rally the price to 81 33 for
October shortly after the opening or within
points of Saturdays closing quotations
but liquidation eoxsTRued and the market
was barely steady.
The publication of a private crop report
placing the condition at 74.9, compared
with 1913 month ago and the increase
in acreage at Q per cent indicating a yield
Of 11,674.0O0 bales, was followed by still
more active and general selling. After
showing losses of rs to ca points the mar
ket rallied 20 or 25 points on covering and
trade buying, but weakened again, with
October selling off to 20.75 early in the
noon hour or Go points net lower. Uncer-
tainty as to possible notices tomorrow was
reflected by July contracts, which broke
to 20.60, making n net decline of so points.
Offerings were lighter during the early
afternoon and the market rallied from
20.74c to 21c for October, with the gem
eral list ruling about 40 to 81 points net
lower around 9 o'clock.
NEW YORK COTTON
The following were the ruling prices In
the exchange today:
Tone, steady; middling, 21.5oc; quiet.
Open. High. Low. Sale. Close: Close
Jan. 20 so 81. 90 90. 10 20.75 2O.79 81 OS
March. 20. 90 20. 90 20 81 20. &c .65 p. Oh
May 30. 20 2O.7O 2O.37 81 20.50 20. so
July 81 20 81. % &c. 60 20. 97 20.95 81. 40
Oct .21 20 81. 33 20. IA 81. IL 21.OS 81 40
Dec. 81. OS 21.14 20. IS 90 2O.91 %
NEW ORLEANS COTTON
NEW ORLEANS, June 26.-Liquidation of
the July long interest was an outstanding
feature in the early trading in cotton To-Day
and under it July was the weakest month
dropping to 81 .01 in the first hour of the
session. At this level the list showed losses
of 20 to 40 points, the distant months being
under comparatively light pressure. Notices
for the tender of about 400 bales against
July were issued and they did not appear TO
be any too well received.
Selling continued on the hot and dry
weather in the belt over Sunday and the
forecast of similar conditions for the next
"a hours for the greater part of the belt
Prices were forced to declines under last
weeks close of 60 to % points, July being
the weakest position and trading down to
2055. at IL o'clock the tone was stead
Ter and prices were 20 to 70 points up
from the lowest.
A private bureau report of 74.9 as the
condition of the crop, IL per cent as the iu-
crease in the acreage and 11.S20.000 bales
as the indicated yield, was at first regarded
as a selling argument Of considerable
weight, but later on it was viewed in a
less unfavorable light. At 1890 O'Clock
prices were As to 81 points down net, .;ith
July at 90. SSc.
NEW ORLEANS COTTON
The following the ruling prices II
NE exrhBrge todny:
Tone, steady; middlng, 21.50c; steady.
Oper. High. Low. Sale. Close. Close
Jan. 20. As POSI- 20 .05 20. 27 20. 81 2U.65
March 20. % 1880 1878 2O.O6 20. 06 20.42
May 30. IL POLL 1916 1916 1890 20.10
July 81. 26 81. SO 90 So 20. SO 20. 98 81. so
Oct. 20. So 20. 81 80 20 &c 20. Go 81. O6
Dec. 20. so 20. GA 1000 33 2O.3t 20.75
SPOT COTTON MARKET
Atlanta, steday, 21.S5c.
New Orleans steady, 21.50c.
New York, quiet, 21.50c.
Philadelphia, steady, elise.
Galveston, steady, 22.10c
Norfolk, steady, 21.10c.
Savannah, steady, 21.10c.
st. Louis, steady, 22c.
Little Rock, steady, 21.25c.
Houston, steady, &c.
Dallas, steady, 21.1Oc.
Wilmington, nominal.
Montgomery, steady, PIC.
Mobile, steady, 21.25c.
Memphis, steady, 22.25c.
Augusta, steady, 21.40c.
ATLANTA SPOT COTTON
Atlanta spot cotton ......'. 49,. '.l'ooc
hecelpts 1900 .''.' ''''' ''''''' II