Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1924-07-03
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COTTON

NEW YORK, July 2.-The cotton
market showed a generally steady
tone in today's early trading on
further covering by July shorts and
moderate demands for new crop po-
sitions which was encouraged by re-
ports of further rains in the eastern
belt. July sold UP t. 5000 or 10
points net higher and new crop posi-
tons sold about 10 to II points net
higher, October advancing to 1882.
Brokers with continental connections
were among the buyers of new crop
POSITIONS.
The market turned easier after
publication of the favorable weekly
weather report. Near month llqul-
dation sent July q points net lower
to 1858. New crop positions sold
IA to Is points net lower with Octo-
Der declining to 25.03, leaving the
market unsettled at midday.
The government report was bet
ter than expected Prices broke to
29.15 for July and 24.40 for October
right after its publication, or rs to
rs points net lower. Rallies of a
few points followed with trade buy
ing reported on the break.
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 :. 20 .95 SO. 90 2S. 80 2S.S7 S.S4 20 80
Oct. rs. 20 % 80 24.15 APO ais %. Is
Dec. PA. AS "a go %. 80 %. "a %. 80 "A. As
Jan. ...2425 "a 40 %. IS % SO 2S3 SO "a &c
% y o 4
May .2446 "a go % go % G2 % go "a. so
Cotton futures, AS a. M bids, steady.
July, 2970; October, 25.15; January, 24.3O.
NEW ORLEANS COTTON
NEW ORLEANS, July 2.-The cot
ton market opened slightly irregular,
July showing Il gain of nine points
over the previous close but October
was four points down and eased off
three points additional right after the
call AS Liverpool was better than
due prices promptly rallied, July
trading up to 28.04 and October to
245O or 13 and points, respectively,
net higher. Rains were reported in
the early section of southwest Texas
where not wanted and also in the
eastern belt. There was evidence of
some further short covering in ad-
vance of the government report due
at 1880 a. M, central time.
The market ruled quiet but steady
during the morning while waiting
for the government report. July
traded up % points above the pre-
Vious close, while October eased off
10 points net lower. The map showed
cloudy but practically no rain eX-
cept along the Atlantic coast. The
forecast was for continued favorable
weather.
NEW ORLEANS COTTON
The following were the ruling prices in
the exchange today:
Tone, steady; middling, 2s.35e. quiet.
Last. Prev.
Open High Low Sale Close. Close
July ...2S. 90 IS. IS %. OF 27.01 2z.O1 21.91
Oct. ...243s u 80 % 81 23 .3S % SO "a. ~
Dec, PA 90 "a. 80 % 30 .21 IS 81 "a 20
Jan. PA 10 24.19 90 20 %. 20 23 IL "A. 10
Arcf. ...24 II "a. II %. % % % % Is "a IA
IL a. m. bids, cotton futures quiet. July.
$500; October, 243S; December, 24.lo;
January, 24.12; March. 24.0S.
ATLANTA SPOT COTTON
Atlanta spot cotton :. ........... .2S.25c
Receipts ....... H.
Shipments ........ 6IS
Stocks ......... e,l4S
SPOT COTTON
Atlanta, steady, 2S.25c.
New York, steady, 29.90c.
New Orleans, steady, 2S.35c.
Galveston, steady, 29c.
Mobile, steady, 27.25c.
Savannah, steady, 2Sc.
Wilmington, steady, IS. 2Jc.