The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1919-06-19
BETTER CABLES CAUSE
ADVANCE IN COTTON

New York. June 19.--There was a
continuance OF yesterdays covering
movement at the opening of the cotton
market this morning. and prices We're
ter than due. and there was some Liv-
erpool buying. but the early map
seemed fairly favorable and there was
realizing around the initial figures
call. October sold OFF from 3O.75c to
So4Sc in consequence, but rallied right
after the publication OF the forecast for
showers, selling up to So.S0c, or 40
points net higher.
The market became rather more ac-
tive and decidedly firmer later, owing
to the firm tone OF the stock market
increasing confidence that Germany will
sign the peace treaty and large ex-
ports Tor the day. October sold up to
midday. or about n points net higher
The market showed increasing
strength during the early afternoon,
and the buying movement became more
higher Expectations that Germany
would sign the peace treaty seemed to
be one OF the chief factors on the ad-
vance to 81. 75c for October and OF
about ll5@1S5 points on the general
list.
NEW YORK COTTON FUTURES
New. York, June 19,--Cotton futures
opened steady: July, BLOC; October,
So.aoc; December, S0.35c; January,
30.3oc; March, 30.14c.
NEW YORK SPOT COTTON.
New York, June 19.-Spot cotton
steady; middling. $4,000.
NEW ORLEANS y; o Sso'IIaoN FUTURES
New Orleans, June I9.-Cotton fu-
lures closed irregular at an advance
OF 10 to l+s points. July, S2.sSc; Oc-
uary, -S0.69c; March, s0.40c.
NEW YORK COTTON FUTURES
CLOSING.
New York. June 19.--Cotton futures
closed steady. July. 32.0sc; October.
s1Ssc December g A. sl4Sc; January.
NEW ORLEANS COTTON.
New Orleans. June 1s.--Better cables
over the belt caused arise Of 27G35
points in the early trading in cotton
today, but the advance did not hold
well. Room traders sold on the hard
spot and quick reaction followed. At
the end OF the first half-hour of bust
ness. prices were only soil points high
er than yesterday Aclose.
more favorable view of the polit-
1cal situation was responsible for a
buying wave late in the morning on
higher than the last quotations of yes
terday.
Various reports and rumors encour-
aged the belief that Germany would
sign the peace treaty, and the demand
for contracts increased, sending the
market up strongly until the most ac-
tive months were So bale up. the
trading months at l o'clock being at
net advances Of 1390165 points.
NEW ORLEANS COTTON FUTURES
OPENING.
New Orleans, June 19--Cotton futures
opened steady: July, 31.30c; October,
30.23c: December 29.S5c; January
29.S7c; March, 29.45c.
NEW ORLEANS SPOT COTTON.
New Orleans. June 19.-Spot cotton
steady, rs points up. Sales on the
spot. 1,044 bales; to arrive, 42S. Low
middling, 26.88c; middiing. 32.13c: good
middling. S3:13c. Receipts. 5,746 bales;
stock, 424.378.
LIVERPOOL COTTON.
Liverpool, June 19.-Spot cotton quiet,
prices higher. Good middling, 20. SGD;
fully middling, 1850; low middling,
17.91d; good ordinary. 1920; ordinary,
17.53d. Sales, 5000 bales, including
1850 American: receipts, 7400 bales,
all American. Futures closed very
steady: June, 19.4Sd; July, 19.2Sd; Oc-
tober; 1S.52d; January. 1860; March, ,