The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1919-09-02
SMALL CROP ESTIMATE.
STRENGTHENS COTTON

New York. Sept. "A more favor
able view Of labor conditions and ex-
pectations of a small estimate from the
government led to a steady opening In
the cotton market today. Liverpool was
relatively easy over the holidays. but
first prices here were IL to q points
higher with December selling at 32.02c,
and January at 31.9Sc, after the call.
The easier opening of sterling ex-
change was disappointing feature.
and there was enough realizing to cause
some irregularity before the publica-
ton of the government report, but
prices were generally well sustained
during the early session.
The government report making the
condition 61.4 and the crop indication
II, 230, 900 bales. was closely in line with
private reports issued last week. but
was followed byyheavy general selling.
December broke to 10000, and January
to 3O.95c, or 105 to lis points from
Saturdays closing figures. and stop loss
orders were uncovered. After their ex-
ecution. however. there were rallies OF
80 or 40 points on trade buying or COW
ering, with the market comparatively
quiet and steady around midday.
Trading continued quiet early in the
afternoon. and there was little further
change in prices. with December rul-
ing around 3l.15c, or about rs points
up from the lowest and IS points net
lower.
NEW YORK COTTON FUTURES
OPENING.
New York. Sept. Cotton futures
opened steady: October. 31.67c; De-
cember, 31.a5c; January. 31.9Oc; March,
32.20c; May. 32l5cA
NEW YORK COTTON FUTURES
CLOSING.
New York. Sept. Cotton futures
closed steady: october, 80 SSc; Decem-
Der, 31,77c; January. 31.11c; March,
31.24c; May, S1.26c.
NEW ORLEANS COTTON FUTURES
OPENING.
New Orleans, Sept. Cotton futures
opened steady: October. 81. .40c; De-
cember, 3l.57c: January, 31.55c; March,
31.70c; May, 31.75c.
NEW ORLEANS COTTON FUTURES
CLOSING.
New Orleans, Sept. Cotton closed
steady at decline of ~ to II points:
October, 30.6sc; December, 3O.70c; Janu-
airy, 30.73c; March, 30.S3c; May, 30.S9c.
NEW ORLEANS COTTON
New Orleans, Sept. Low tempera-
lures in the belt and bullish anticpa-
tons regarding the bureau report on
condition opened the cotton market at
higher levels today In the first half
hour of trade prices gained 10 to 10
points
Just before the bureau report at 10
o'clock the market stood at its highest,
showing net gains of 80 to 3S points.
The condition percentages of 61.4 was
slightly under average expectations.
but the indicated crop of 1920. 900
bales was larger than expected. and
was responsible for much selling. under
which the market fell in short time
113 to 100 points, landing so to 50 points
under the close of last week.
While the market became steady II
Lnl ttxr.@ 4
O'Clock stood at net losses of II to Y
points.
LIVERPOOL SPOT. COTTON.
Liverpool. Sept. 2.-Cotton; spot
slow; prices steady; good middling,
20.22d; fully middling, H72d; middling.
19.12d; low middling. 17.37d; good or
binary, 15,72d: ordinary. $3.50. Sales,
1000 bales. including 2.400 American.
Receipts, 200 bales. including 3,4OO
American. Futures closed steady: Sep
tember 19.05d; October 1921d; Janu- |
airy, 19.41d; March. 19.41d; May, 19.4Od;
July. 1850
NEW ORLEANS SPOT COTTON
New Orleans, Sept. 2.--Spot cotton: |
dull, unchanged; sales on the spot, Al |
to arrive, none; low middling, 26c; MIDI
ding, 81 25c good middling, 32.25c; re-
ceipts, 235; stock. 264 S66
coTToNSEED OIL
New York. Sept. 2.-The cottonseed |
oil market closed quiet: Spot. 23c; Sep
TENDER, 23c; October. 23.O5c; November. !
20. soc; December, 1920; January, Feb
ruary, March and pril, 1900. Sales,
9, 600
NEW YORK SPOT COTTON.
New York. Sept. 2.-Cotton; spot !
quiet; middling. 3140c.
NEW YORK MONEY.
New York, Sept. Bar silver,
$113&c. Mexican dollars, S6&c