Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1924-07-10
COTTON

NEW YORK, July 9.-Reports Of
further showers in the Atlantic
states and relatively firm Liverpool
cables were followed by an opening
advance of eight to 35 points in the
cotton market Wednesday. Foreign
and domestic trade buying on the
upturn carried July up to $3.50 and
October to 24.3S on the call. The
advance attracted enough realizing
to cause irregularity in the early
trading but the undertone was
steady and there was covering by
recent sellers who appeared some
what uncertain of the probable show.
ing of the weekly weather report.
Private returns indicated domestic
mill consumption of $50, 900 bales for
June. compared with AS 900 for May
and $40 900 for June, last year
After October eased off to 24.24
under early realizing the market
steadied again on the publication of
the unfavorable weekly weather re-
port. October rallied to 24.43 with
new crop months generally showing
net advances of about Is to 20
points but except for covering there
appeared to be very little support.
The market was quiet with prices
a few points off from the best at
midday.
Early afternoon trading remained
quiet. July was relatively firm on
a little covering, holding around
$3.50 around 2 O'Clock, or about
80 points net higher. New crop
months showed net advance Of Is to
Is points, October selling at 24.65.
NEW YORK COTTON
The following were the ruling prices in
the exchange today
Tone, steady; middling, 10000, quiet.
Last Prev.
Open High. Low. Sale. Close. Close.
July rs 95 90. 60 2S.T5 % SO %. 30 %. GO
Oct. PA So "a. &C "a % "a IS "A .63 "a 20
Dec. 23 65 "a. 90 % IS 90 % 80 23 81
Jan. ..23. % % So 23.46 % So 23 SO % IS
Nfch. % 65 "a or %. 81 "a. OF "a OF % "a
May ..23. 10 Il 10 % 24.10 81 10 % TO
Cotton futures, 1915 a. m. bids, steady:
October 24.40; December 23.72\ January,
1858; March, 1918.
NEW ORLEANS COTTON
NEW ORLEANS, July 8. The
cotton market opened steady with
first trades on new crop months
showing no change from Tuesdays
close, but July was eight points
down. prices rallied right after the
call owing to much better Liverpool
cables than due. July advanced IL
points from the opening sale to $3.50.
October traded up TO 23.45 and De-
cember to 1884, or nine points high
err. Private cables from Liverpool
showed a strong tone owing to rapid
ly diminishing stocks. Early adj
vices reported little rain in the belt
with higher temperatures. The 49,
945 bales cleared here for Russia
Tuesday were officially added to eX-
ports this morning.
The market turned firmer on the
weekly weather and crop summary
reporting that the crop development
had been measurably checked by the
low temperatures, particularly cold
nights and also by too much rain in
the Atlantics. July advanced to
$3.50 or 20 points net higher but later
1855 and December to 23.43 or IS to
10 points above The previous close.
Towards mid-session the market was
very quiet but steady near the high
points Of the morning. Bremen ca
bled that 10000 bales would probably
be shipped back to New York for de-
livery on July contracts.
NEW ORLEANS COTTON
The following were the ruling prices in
the exchange today:
Tone, steady; middiing, 2s.4Oc, steady.
Last Prev
Open High. Low. Sale. Close. Close
July ...26. 81 26. 30 26Gp2 20 30 26.9O $50
Oct. %. SO % 81 25SB6 23 rs 30. re % sc
Dec. pa. 80 %. 6S % % %. 6S % .63 23!25
Jan. -. %. 81 90 SO %. 81 IS "a % 81 2S %
Mich. q. 40 % 81 % 80 % 81 S.72 % 80
Cotton futures, II a. m. bids, quiet: July,
26.70 October, 23.51; December, %. 40;
January %. SO; March, %. A.