Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1923-07-03
observation-disclosures
COTTON

NEW 4O1lhp july - 1lS CoINO'
market was quiet enough during
todays early trading to suggest that
traders generally were waiting Tor
the pIslication of the government S
crop report this afternoon. The open
ing was steady at an advance of B
points, but generally 6 to IL points
lower. and active months sold about
Is to "a points net lower, ewing to
the poor cables, the unsettled tone
of the early stock market and re-
ports of favorable weather In the
south over Sunday. There was scat
tering commission house liquidation
and some southern selling on the de-
cline to $3.50 for July and 24.3S Tor
October.
The market remained quiet during
the late forenoon but prices showed
n tendency to work lower under hSht
LIQUIDATION which appeared to repect
an impression that bullish end-J une
croD figures had been discounted
.Tulv sold off to 26.70 and October 10
ID 2e. making net declines of ~ 10
"a points and the market was wlthlh
& ar noints of the lowest early in
1.-THE noon hour, although there was
some buying on talk of better tome
in the stock market.
The governments condition report
of 69.9 was very nearly IN line WIN
general expectations, but the off,
cial figures on acreage, showing an
area of SS,2S7,000 acres under cult
walton as of June 25, proved a SUI
prise to the trade in view OF recent
private reports pointing to an IN
crease of less than per cent on the
average, and the crop indications OIL
Hale. 900 bales was also in excess
Of the private estimate. Prices
broke sharply in consequence under
iiouidation and scattered selling,
with October contracts declining to
sSS5.. or 70 points net lower, and the
market was nervous and unsettled
around clock.
NEW YORK COTTON
The following were the ruling prices
on the exchange today: .,.4
Tone, steady; middling, 27,Soc; quiet.
Open. High. low. Sale Close. Glost
Jan. :. %. 90 % 60 %. 90 % 81 %. 81 %. GS
Mch. % so %. 90 % 90 % 50 %. 50 %. 60
May % so %. so 90. % %. so 49,. 23.57
July 81. 10 81. 10 &c. 80 26. 81 6.5S 27.Of
Oct. 24.55 "a. 80 %. sS 24.14 LA 24.57
Dec. % 90 % .9s 80 IS % so "a. O3
NEW ORLEANS COTTON
NEW ORLEANS, July 2.-Ad-
5vances of 1 to II points were made
by the more active months in the
cotton market around the opening
TODAY. in sympathy with better
T.fverpooI than due, but favorable
oninion of weather conditions over
the belt soon caused an increase in
offerings. At the end of the first hour
OF trading prices were ~ to 20
noints under the close of last sat
urday. After trading up to 21.jO
cents a pound July fell off to Z6.9O;
October rose to $3.50 and fell off TO
1854
Iiouidation of the long interest IN
areparation for the bureau figures on
condition was against values In d
mild way and toward IL COCK
ncices were 10 to 80 points under
tho close of Saturday. July traded
lnwn to 1856 and October down 20
1856.
Inst before the bureau figures the
market was quiet around - cents
for July and $3.50 for October. I'M
mediately after the condition per
centage of 69.9 which just about met
bullish expectations enough buying
came into put October at 23.7O, but
heavy selling followed the Indicated
crop of II, Az, 900 bales and the
figures on the area this year OF 49,
PSI 900 acres, the latter breaking all
records. Both items were larger
than expected. In the trading up to
1890 o'clock July fell to 26.47 and
October to 23.13, with the list So to
IS points under the final quotations
of last week.
NEW ORLEANS COTTON
The following were the ruling prices 10
Tie exchange today:
Tone, steady; middling, 28c; steady.
Open. High. Low. Sale. Close. Close
Jan. %. is % 22.75 esq %. 90 %. So
Mchr. % .O2 %. 10 % 63 90. 81 %. 81 20 81
May % 95 % 9s %. so %. so -... %. 02
July ~. 30 81 80 26. Al &c. 10 &c. 40. 81. 13
oct. %. so % 80 %. 13 - .43 % 40 % SO