The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1919-07-22
DOMINATING
FACTOR in COTTON

New York. July 22.--Weather condi-
tions proved 10 be dominating factor
in the cotton market early today. Ex-
cept for July. which opened ~ points
lower the market opened 10 to 80
points higher on further heavy rains
throughout the belt. notably In the
South Atlantic. After a sharp reaction
under Wall street and New Orleans SELL
ing, which carried the market on 10 10
II points under last nights close, the
market recovered and became strong
on local and western covering. Octo-
Der advanced TO $3.50. and December TO
35.S0c representing net advances OF ~
to so points.
Liverpool was also buyer on the
mid-morning advance. which carried
October up TO $3.50. and January to
3570c, or about rs to 81 points above
last nights closing figures. At these
prices the market met some realizing
and scattered Wall street selling, when
caused reactions of 25 or 80 points late
in the morning.
Reports of steadier tone In the
sterling exchange situation and en-
coura ging advices as to labor prospects
in the steel industry gave the market
a better tone during the early AFTER
noon. Trade interests were among the
buyers on the rally to 35.50c for Octo-
Der. and 35.70c for December, with ac-
tive months ruling about so to 70 points
above last nights closing figures.
NEW YORK SPOT COTTON.
New York, July 22.-Spot cotton,
steady; middling. 36,05c.
NEW YORK COTTON FUTURES
OPENING.
New York, July 22.--Cotton futures
opened steady; October. 5000; Decem-
Der 35:l5c; January. S5.l5c; March,
NEW YoRK COTTON FUTURES
CLOSING.
New York, July 22.-Cotton futures
closed steady: July, S525c; October,
s5.55c; December; s5.soc; Jnauary'
'0''O'' NEW ORLEANS COTTON.
New Orleans. July 22.-The. wet
weather in the belt caused a rise of
S to IL points during the first call in
cotton today. but the market imme-
diately met realizing and fell off to
level is to 81 points under the close of
Yesterday. Predictions OF more rain
caused a swift upturn, which put prices
at the end OF the first half hour Of
business 10 to 20 points over yesterdays
finals. ;,
Unfavorable private crop accounts and
expectations of bullish weekly govern
ment reports tomorrow increased the
demand, and at 1 o'clock prices were 81
to Sc points over the close of yesterday.
Profit taking from the long side en-
tered the market In moderate way
ana at i o CLOCK the net duNdtCC wac
reduced to az to Al points.
NEW ORLEANS COTTON FUTURES
CLOSING.
New Orleans. July 22.-Cotton futures
closed Arm at net advance of so to II
points: July 35c; October $4,000; De-
cember, 35.22c; January, s5.32c; March.
NEW ORLEANS COTTON FUTURES
OPENING.
New Orleans, July 22.-The cotton
market opened steady; July 34.50c: Oc-
tober 34.52c: December. 34.60c; Janu-
airy, 34.68c: March, 34.65c.
NEW ORLEANS SPOT COTTON.
New Orleans. July 22.-Spot cotton;
steady and unchanged; sales on the
spot 1924 bales; to arrive. 500; low
middling, 29,35c; middling, 34.50c; good
middling, 35.50c; receipts 4,615; stock
LIVERPOOL SPOT COTTON.
Liverpool July 22--Cotton; spot slow
OF sales; prices weak; good middling,
%. god; fully middling, 21.70d; middling,
21.10d; low middling, 19.35d; good ordi-
nary, 17.70d; ordinary, 17.17d. Sales.
5000 bales, including 2,700 American.
Receipts, $4,000 bales, including 5000
American. Futures closed steady: July.
1.3Sd; October, 21.63d; January, 21,72d;
March, 81 sod. May 2162d.
cOTTONSEED OIL.
New York, July 22.-Cottonseed oil
closed strong; spot, Csc: July, 2S.25c;
August, assoc; Sept, 28,75c; October,
27c; November, 25.60c; December, 25.2Oc;
January. 25.40c; February. 25.30c; sales,