The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1919-07-09
COTTON DEVELOPS
RENEWED FIRMNESS

New York, July 9.--The cotton mar
ket showed renewed flrmness early to-
day on continued buying by houses with
Liverpool connections. covering and
reported in the eastern belt. The open
ing was firm at an advance OF 5 TO 20
points. with October contracts selling
up to 34l6c. and January to S8,Slc
shortly after the call. or so to 60 points
above last nights closing. The firmness
of the opening stock market was an
encouraging factor. but there was some
scattered Wall street selling and con-
siderable realizing.
Reactions Of about 40 points followed
the publication OF the favorable weekly
report OF the weather bureau, but after
selling off to 1850 for october, the
market flrmed up again on the eastern
belt rains shown In the detailed
weather reports. BY midday october
was selling at $4,000. with active months
generally showing net gains OF 30 TO
50 points.
The early afternoon advance carried
prices into new high ground for the
day. with October selling at $3.50, and
December at 34.11c, or about 81 points
net higher
LIVERPOOL SPOT.
Liverpool, July 9.--Cotton spot, quiet;
prices, steady: good middling. 2ll7d;
fully middling. 20.67d: middllng. 2O.07d;
low middllng. 1920; good ordinary.
1s,67d; ordinary l6.14d; sales, 5000
bales. including LOO Americana; re:
American; futures closed steady; July,
20. sod; October, 20. 4Od; January. 20.l6d;
March, l90Sd; May. !9.79d.
NEW ORLEANS COTTON.
New Orleans, July 9,--Continued rainy
weather In the eastern half of the belt
put the cotton market sharply higher
today, prices gaining So TO so points in
ha AFQt holf hour nf hlginpgS SOmp-
what better cables than due also helped
values.
Reports OF the heaviest rains in years
in some sections of the Atlantics and
the large export movement; New Or
leans alone clearing 24,7OS bales, kept
the advance going. Toward noon the
most active months were 81 to 20 points
up.
The market turned quiet and steady,
with values well sustained. In the
trading up to O'Clock the advance on
thu most active months was widened to
IS to rs points.
NEW YORK COTTON FUTURES
New York. July 9.---Cotton futures
opened Arm; July, 30,S0c; Oct. 3S.6sc;
Dec, Ss.57c; Jan, 33.52c; March, SS,2Sc.
NEW YORK COTTON FUTURES
CLOSING.
New York. July 9.-The cotton mar
ket closed firm: January, 33.9Sc; March,
3374c; July, 344Sc; October, 34,22c; De-
cember. s4.17c.
NEW ORLEANS COTTON FUTURES
OPENING.
New Orleans. July 9.-Cotton futures
opened steady; JAN, 32.SSc: March.
32.75c; July, 33,64c; Oct, 33.25c; Dec.
80. Csc.
NEW ORLEANS COTTON FUTURES
CLOSING.
New Orleans, July 9.--Cotton futures
closed steady at net advance of 10 TO
05 points: January, 333sc; Marcn,
33.45c; July, 81. CSC; October. 3S.7Sc; De-
cember. $3.50.
NEW ORLEANS SPOT COTTON
New Orleans, July 9.-Spot cotton,
steady and unchanged sales on the
spot. 1,S4l bales; to arrive 1,47s low
middlng, 27.S7c; middins, 49, good
middling, S412c;., receipts, 6,756; stock.
37S,057.
CoTToNsEED OIL.
New York. July 9,--Cottonseed oil
Feb. % OOc; July. 27,OOc; Aug. 2700c;
Sept, 27.50c; Oct. 2735c; Nov, 25.S0c;
Dec, 25.10c Total sales 5000
NEW YORK SPOT COTTON
New York, July 9.-Spot cotton steady
mlddling $500.