The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1920-11-04
WEAKNESS IN LIVERPOOL
DEPRESSES COTTON

New York, Nov. 4.--Buyers OF late
yesterday We're evidently disappointed
by the failure OF Liverpool 10 show
greater strength on the coal strike set
OF ~ 70 20 points active months sold
80 TO 81 points net lower. Liverpool was
seller here and there was scat
te"lng Wall street liquidation, hut Of
ferngs were not heavy or aggressive
owing TO reports OF steadier< spot
basis In the south, and prices stendled
around 20.S2c for December and 20. 3Sc
for January on covering.
There was some local selling on the
favorable weather forecast and New Or
learns sold little cotton here during
the morning. Otherwise there was very
little change and general business was
quiet with the tone steady. December
contracts held around "a 00c and jan
uary 70. SIC early In the noon hour, or
only p to IL points below last nights
closing prices. According to local spot
interests, no fresh business is being
done In spot cotton and the absence OF
southern pressure here was 1garded
as rejecting firmness among holders.
Reports OF freer spot offerings in the
Caroliras and runners OF bearish private
ginning returns led to more aggressive
selling early In the afternoon, which
day. December sold off TO 20 .76c and
JANUARY to 20.24c or SO to 81 points net
lower.
During the last half of the session
the market was affected adversely by
runlors that private bureau was COM
ing out with q report showing a large
total OF cotton ginned to the first OF No
vember. Prices fell off to 20. DOC for
December with the list showing net
losses OF 35 to Al points at 1880 o'clock.
NEW ORLEANS COTTON FUTURES
OPENING.
New Orleans, Nov. 4.--Cotton futures
opened steady: November 10 .99c nomi-
nal; December. 2O.25c; January. 10 SOC
bid; March. 9.6Sc; May. i9.4Oc bid;
July. 19. 20GIi9 Csc.
NEW ORLEANS COTTON FUTURES
CLOSING.
New Orleans, Nov. 4.-Cotton futures
closed steady at net declines of AZ to
80 points: December. 10 csc; January.
1955c; March. 1889; May, 10 .15c; July,
fNSee:wHoRk COTTON FUTURES
OPENING
New. York, Nov. 4.--Cotton futures
nary. 20. Soc; March. 20. 3Oc; May. 20 .10c;
'p NEW n YORK COTTON FUTURES
CLOSING.
New York, Nov. 4.-Cotton futures
closed barely steady: December. 20. CSC;
January 2O.1Sc; March, 20. 02c; May,
NEW ORLEANS corToN.
New Orleans, Nov. 4.--Prlces were
lower In the cotton market today as
the result Of selling, which to all APP
pearances, had Its inception In an I'M
favorable money situation and poor
trade among the mills. Cables we're
better than due and private messages
claimed complete settlement Of the
British coal strike, but these features
had no effect on values. In the first
half hour of business the active months
were sent rs to S3 points under yester-
days last quotations. December drop
ping to %. 10c and May to 19.S4c.
Efforts Of owners of short contracts
to collect their profits created sufficient
demand to cause moderate reactions
and in the trading up. to II o'clock the
active months came back to within 4
to 6 points of Yesterdays close, De-
LIVERPOOL COTTON.
Liverpool, Nov. 4.--Cotton spot quiet;
prices lower; good middllng. 1S.47d;
fully middling, II AID; mlddling. 1920;
0 AID; ordinary. SAD; sales. 5000 bales,
including 400 American; no receipts;
futures closed quiet: November, Is sod;
January, 15.13d; March. 1850; May,
IA God: July Il Sid; September. laid,
CoTTONSEED OIL
New York, NOV 4.--Cottonseed oil
closed strong; prime summer yellow,
si1.Oo; prime crude, 1926 November.
$l1.30; December s11.45; January.
s1149 February, S11.55; March. $ll.S0;
April. $1.SS; May, $l205; June. $1,000.
Total sales. 1900 barrels.
NEW ORLEANS SPOT COTTON.
New Orleans, Nov. 4.--Spot cotton
steady; rs points lower; sales on the
spot. GAS bales; to arrive. 1889 bales;
low middling, Is .25c; middling, 20 Soc;
good middling. %; soc: receipts, 1886
bales; stock. 3e3, 222 bales.