The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1920-04-06
COTTON MARKET EASIER
ON WEATHER REPORTS

New York, April 6.-Yesterday's adj
vance was followed by reactions In the
cotton market during today's early
trading A disposition to take profits
on loan contracts was probably in
creased by reports that weather con-
ditions were gradually improving in the
belt and after opening steady at de-
cline of to an advance of 7 points, the
market soon turned easier. May con-
tracts sold off from 40. Csc to O.O5c,
while October broke from "a SOC to
"a 45c, or about 10 to % points below
last nights closing. Trade interests
were moderate buyers on the decline.
but demand otherwise was much less
active after the big buying movement
of the previous day.
The weather map showing unseason-
atly low temperatures but no further
precipitation in the south. encouraged
reactionary sentiment and the market
eased off to 80 93c for May and "a 45c
for October. or about % to 81 points
net. lower. The buying by trade inter-
ests continued, however and the market
became less active later with prices rul-
ing steadier on covering. May rallied
to 40. 15c, and October to "a 62c around
MILDLY.
No fresh feature of Importance de-
veloped during the early afternoon, but
the outlook for continued cold weather
in the southwest led to some scattered
covering. May contracts ruled around
40 .3Sc. and october 1874 soc after 2
o'clock or about to II points net lower
NEW ORLEANS COTTON.
New Orleans, April 6.-After advances
of to s points on the opening today
the cotton market fell off under liquida-
ton of long contracts and a moderate
amount of short selling, based on i'm
proYement in weather conditions over
the belt. The weather map showed up
chal and dry with temperatures hardly
as low as expected At the end of the
first hour of business prices were 10 to
rs points under the close of yesterday.
May rose to 39.4Sc and fell off to
80. &c.
Fluctuations became narrow, offer
ings being affected mainly by liquida-
ting longs and beings fairly well abb
sorbed by new traders, who were i'm
pressed by accounts from the interior
telling of the general lateness OF the
new crop. Toward noon the trading
months were Is to % points under the
close of yesterday.
Late in the session. following the an
nouncement of minus correction In the
local stock of 10,496 bales. the market
suddenly became active and a new de-
mand of consequence sprang up. With
in a few minutes the buying movement
became general and prices were sent TO
net advances which, toward the close,
amounted to SO to 40 points, May rising
to 80 .76c. and October to 34.S7c.
NEW YORK COTTON FUTURES
OPENING.
New York. April 6.--Cotton futures
opened steady; May, 40.1 Sc; July,
81 .66c; October, 34.7Sc; December,
| "a .0Sc: January, 33 Acc.
NEW ORLEANS COTTON FUTURES
OPENING.
| New Orleans. April 6-The cotton fu-
| tlires opened steady; ay. 30. soc; July,
81 .22c; October "a 40c; December,
80 sic; January, 33 Toe.
NEW ORLEANS COTTON FUTURES
CLOSING.
New Orleans, April 6.-The cotton flu
| lures closed steady at net advance of 20
| to 81 points: May 80 CSC; July, 81 64c;
October. 34.7Sc: December 4.11c; Jam
uary. q Ace.
NEW YORK COTTON FUTURES
CLOSING.
New-~York, April Cotton closed
firm: May, 40 soc; July, SO 07c: Ooto-
her, IS .0Sc; December, "a 2Sc; January,
33 SSc. 4
coTToNSEED OIL.
New York April 6.-Cottonseed oil
closed easy; prime summer yellow,
$685. April, $3.50; May, $lS.S5; June,
| $l9,10; July, $3.50; August, $19.35; Sep
TENDER, $192O: Oetpber, $3.50; Novem-
her, $l6.50; sales, 1890
New Orleans. April 6,--Cotton, spot
steady, % up; sales on the spot 1866
bales TO arrive, 1855; low mddlipg, 3,325
imddling. 4150; good middling, 4,450; re-
ceipts. AM; stock, 342.085,