The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1919-07-24
CLEAR WEATHER CAUSES
DECLINE In COTTON

New York, July 2a.-Better prospects
for clearing weather in the cotton belt
seemed to offset firmer Liverpool ca
bles. and the opening was to II points
lower. Active months sold about 10 to
II points under last nights closipg dur
ing the early trading. with October
touching 35.27c. and January 35.47c
Houses with Liverpool connections were
good buyers on this decline. however.
scattered covering. and the market
steadied up before the end OF the first
hour, with active months selling some
is to IS points net higher.
The steadier tone of foreign exchange
helped the mid morning rally which ex-
for January. or 20 to 28 points net
higher These prices attracted in
creased realizing. however, and the mar
ket later was easier. with October
breaking to 35.18c, and January to $4,000
around midday. A private crop re,
placed the crop indication at 11,450,0O0
bales. or about half million above the
official end June figures.
Realizing continued during the early
afternoon. with October selling off to
35.O5c. and January to 35.2Oc or 81 to
the high level of the morning.
NEW YORK MONEY.
New York. July 24.-Bar silver.
s1.07 IA; Mexican dollars, Sac.
NEW YORK oe SGTToN FUTURES
New York. July 24.-Cotton futures
opened steady: October, 35.45c; Decem-
Der, $3.50; January. 35.55c; March,
NEW YORK COTTON FUTURES
New York, July 24.-cotton closed
steady: July. 35.12c; October. S5.20c;
December, $3.50; January. 1890;
NEW ORLEANS COTTON.
New Orleans. July 24.-Prices were
lin the cotton market today because
of selling based on a pessimistic view
of the coal strike in England, but the
market quickly recovered on the rainy
weather in the southern portion Of the
cotton region. At the end of the first
half hour of business the trading
months werct17 to Is points over yes
terday's close.
! The advance continued until it
amounted to Is to % points. Private
bureau crop accounts pointing to a
fairly favorable July 25 condition re-
ket broke sharply. In the trading up
to noon the active months went 20 to
SO points under the last quotations of
yesterday.
The labor situation in England came
in for much adverse comment and SELL
ing increased. widening the net decline
by l o'clock to 80 to Al points.
NEW ORLEANS SPOT COTTON.
New Orleans. July 24.-Spot cotton;
steady and unchanged; sales on the
spot, 1909 bales; to arrive, 100; low
middling. 29.25c; middling. 34.50c; good
middling, 35.50c; receipts. 3,140 bales;
stock, 372. 489
NEW ORLEANS COTTON FUTURES
OPENING.
New Orleans, July 24.-The cotton
market opened steady: July, 34.50c;
October. S4.95c; December. 34.90c; jan
uary, 35c: March $4,000.
NEW ORLEANS COTTON FUTURES
CLOSING. .
New Orleans, July 24,-Cotton closed
steady at a decline Of Is to % points:
34S4c; January, 34.90c; March, 35.05c.
LIVERPOOL SPOT COTTON.
Liverpool, July '24.-Cotton; spot in
fair demand; prices higher; good mid
ding, 22.54d; middling fully, 22,04d;
middlinfi, 21.44d; low middling. 16.69d;
good ordinary. 1804d; ordinary, 17.51d;
sales, 5000 bales, including 1890 Amer
lean; receipts, none; futures closed
steady: July 21.S1d; October, 21.97d;
January, 22.06d; March. 2206d; May.
coTToNsEEp OIL.
New York, July 24.-The cottonseed
oil market closed firm; spot. 2S15c;
July. % 05c;, August. 2S.25c; September,
rs. 25c; October. 2S.25c; November.
25.77c; December, 25.45c; January,
25.45c; February. 25.40c. Sales, 1000.