The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1919-09-03
COTTON DEVELOPS FIRM
TONE AT ADVANCED PRICE


New York. Sept. 3.-The cotton mar
ket opened steady today at an advance
OF to II points on all months except
May, which was s points lower. with
December selling at 31.30c.. owing to
relatively steady cables and the firm
sold here. however. while there was
also scattered selling for southern &C
count, and prices eased off after the
call, with December selling back to
81 .l0c, or points net lower. There
was a little trade buying and covering
quiet, and prices held fairly steady to-
ward the end of the first hour.
The weekly report of the weather
bureau was considered favorable. but
failed to inspire any selling OF conse-
quence in the absence OF hedge pres
sure. and prices worked about 70 TO ~
points net higher before the end of the
morning. with December selling at
81 .45c. A good part OF the demand was
attributed to covering by yesterday
sellers, and general business was quiet.
Prices turned easier during the aft
ernoon under renewal of local pres
sure, encouraged by reports that peo--
pie who held consigned cotton abroad
were finding 1t difficult to sell. Deem.
Der broke to 30.S0c, with the general
list ruling about "a to 81 points net
lower around O'Clock.
NEW ORLEANS COTTON
New Orleans. Sept. ga better Lv-
erpool market than due caused rise OF
to ~ points around the opening In
cotton today. but the hard spot imme-
diately attracted selling orders, so that
half an hour after the opening the most
active months were n couple of points
under yesterdays close.
Talk of extremely small ginning TO
the first of September increased the
demand for. long account and caused caused
short covering. Late in the morning
the trading months were 20 to 80 points
over yesterdays close.
During the noon hour the market
felt sudden pressure from the snort
side and a quick break resulted, which
carried prices 10 levels 32 to 3S points
under the finals If yesterday.
NEW ORLEANS COTTON FUTURES
OPENING.
New Orleans, Sept 3.-Cotton futures
opened steady: October. 30.79c; De-
cembcr, 307Sc January Boise; March,
30S6c; May, 3090c.
NEW ORLEANS COTTON FUTURES
CLOSING.
New Orleans, Sept. 3.--Cotton closed
October, 3002c; December, 30.09c; jan
uary 30 13c; March, 30.22c; May. 30.27c.
NEW YORK COTTON FUTURES
OPENING,
New York, Sept. 3.-Cotton futures
opened steady: October, 1.10c: De-
cember 31.30c; January. 31.22c; March.
81 35c; May, 31.1Sc.
NEW YORK COTTON FUTURES
CLOSING.
New York. Sept. 3-Cotton futures
closed steady: October, 30.19c: De-
cember 30.52c; January, 30.46c March.
'0''' GiIv MfHs soio't SPOT COTTON.
Liverpool, Sept. S.-Cotton: spot In
improved demand; prices easier; good
middling. 2O.02d; fully middlng, 19.52d
midling, 1S.92d; low middling, 1.17d;
good ordinary, 15.52d; ordinary, 14.99d;
sales, 5000 bales. including 1890 Amer
lean; receipts, 20, 900 bales. including
1880 American. Futures closed steady:
September, 1850; October. 19.46d; jan
uary, 1864; March, 19.61d; May, l9.6ld;
July, 1854.
NEW ORLEANS SPOT COTTON
New Orleans. Sept 3.--Spot cotton
quiet; so points lower; sales on the
spot, 1859: to arrive. none; low middlng,
assoc; midding, S0.75c; good middling,
3176c; receipts. 621; stock, 264 ,157.
NEW YORK CoTToNsEED OIL
New York, Sept. 3.-Cottonseed oil
TENDER. 22.25c: October. 22.35c; Novem-
1920; February, 1890; March and
April, 1900.
NEW YORK SPOT COTTON
New York, Sept. Spot cotton,
quiet middling, 30.75c.