The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1919-09-05
EASY CABLES CAUSES
WEAKNESS IN COTTON

New York, Sept. 6.--The cotton mar
ket showed renewed weakness during
today's early trading. The opening was
/ to II points higher on the near
months. but generally to points
lower, and active months soon sold 16
TO 20 points under last nights closing
figures, with December touching 29.l5c.
and January 2910o. Reports OF n dis
appointing demand for goods at yes.
terday's sale OF army textiles combined
with easy cables. and weakness In
sterling exchange were the new fac
tors on the break. while there was fur
Their selling for western account and the
south.
There were rallies from the early de-
cline on covering for over the week
end. with December selling up to 29:4Sc.
or about 10 points net higher. Other
wise very little demand was In evil
dence. and the market weakened again
during the middle of the day Oh re-
newed apprehension OF labor troubles
in the steel trade and another furry
OF liquidation. December sold on to
29.10c. or rs points net lower. and into
new low ground for the movement. j.,
The early afternoon break extended
to 2S 25C for October, and 2S.bbc for
December. or rs to so points net lower
Stop orders were uncovered, ana after
their execution trading became less ac-
tive. with later fluctuations nervous and
irregular.
NEW ORLEANS COTTON
New Orleans, Sept. b.-Realizing on
the short side was responsible for u
rise OF IL to 20 points on the opening,
but the favorable weather over the belt
almost Immediately increased offerings
At the end OF the first half hour Of
business prices were to ~ points I'M
der tho close OF yesterday.
At q level to 20 points under yes
terday's last prices the market felt
heavy realizing from shorts and good
demand for long account, and sharp
rise resulted. Later in the morning
the trading months were at net adj
vance OF 81 to 38 points.
NEW ORLEANS COTTON FUTURES
OPENING.
New Orleans, sept. 5.-Cotton opened
steady October. 28.97c; October, 2s,97c;
December. 2S,03c; January, 2s,0Sc;
March, 20.12c; May, 29.16c.
NEW ORLEANS COTTON FUTURES
CLOSING.
New Orleans, Sept. 6.--Cotton closed
steady at a decline of ~ to 10 points.
October, assoc; December. 2S.7Sc, Janu-
airy. 2s,77ch March, 2S.Ssc; May. 2S97c.
NEW YORK COTTON FUTURES
OPENING.
New, York. sept, 6,-Cotton futures
opened steady October. 29.02c; De-
cember. 29.S5ci January. 29.2Oc; March,
29.42c; May. 29.50c
NEW YORK COTTON FUTURES
CLOSING.
New York, Sept. Cotton closed
steady: October. 28.S9c; December,
29.11c; January. 29.05c; March. 29,20c;
May. 29.2Sc.
LIVERPOOL SPOT COTTON.
Liverpool. Sept. s. Cotton: spot,
quiet; prices lower; good middling.
19.25d; fully middling, 1S.75d mddling,
$3.50; low middllng. 1640d; good ordi
nary. 14.75d; ordinary. 1i.22d; sales,
1000 bales, including $500 American;
receipts, 1000 bales, no American; flu
lures closed barely steady: Septem-
Der. 1S.49d; October. 1S62d;; January,
1850; March. 1S.45d; May. 1850; July.
lS.25d.
LIVERPOOL COTTON STATISTICS.
Liverpool. Sept. 8. - Weekly cotton
statistics: Forwarded to mills. $4,000
bales. American $1,000; stock. 100000,
Amer. $4,000; imports. $4,000, Ameri-
can $4,000; exports. $500.
NEW ORLEANS SPOT COTTON
New Orleans, Sept. 5,--Spot cotton,
quiet: 10 points lower; sales on the
spot, 1870; to arrive. rs; low middling,
23.75c; middling. zoe; good middling,
soc; receipts. 1888; stock. 263,0SS.
NEW YORK coTToNsEED OIL
New York. Sept 5.-Cottonseed oil
closed Arm; spot, 22c; September, 22c;
October. 2l.7c; November, 1850; De-
cember. 1850: January. 1880; Febru-
airy. 1860; March and April. 1S.70c.
Sales, / 800.