The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1920-09-21
GULF STORM REPORT
AFFECTS COTTON MARKET

New York. Sept. 21.--The gulf storm
held the attention of traders at the
start OF the cotton market today and
first prices advanced 4 to II points. The
market at New Orleans was stronger
moving up about rs points on reports
that the storm was due to reach the
gulf coast tomorrow. Room shorts.
New Orleans and trade interests were
apparently unmoved by news concern
ing the English coal labor situation or
the closing of the Old Hammils.
At the end Of the first few minutes
the market turned strong and was about
40 points over last nights close.
The buying movement subsidized dur
ing the middle OF the morning. There
was the usual tendency toward the view
that the tropical disturbance was un-
likely TO cause any serious damage in
the interior. and as soon as the more
urgent demand from shorts had been
supplied. prices lost a good part of their
early advance. October eased off to
28 gOc and December to 26.15c, or about
50 points from the best, but the UNI
settled eastern belt forecast checked the
decline and prices held steady early
I'm the noon hour with active months
about 20 to 80 pointe net higher Bull
ish comment on the general economic
condition OF the country as indicated
by banking information published this
morning was heard on the advance, but
the weather uncertainty was considered
the chief factor.
Traing was quiet during the early
afternoon with prices sagging of to
about %. csc for December, or within
points Of last nights closing.
NEW ORLEANS COTTON.
New Orleans, Sept. 21.-The hurricane
in the Gulf OF Mexico almost wholly
dominated the trading in cotton today.
Liverpool was very poor when the local
market opened, but the only response
was drop of s points on October on the
first call. other months were higher
and after the call the advance contin-
ued. At the end of the first hour of
business the active months were 40 to
46 points higher than the close of yes
tefday, with October at ~ CSC and
March at "a. Ole.
Reports that general stoppage of ma
chinery In the Lancashire mill district
was likely as the result OF poor trade
and the coal strike, coupled with per-
sistent selling that was set down as
being for Liverpool account. affected
the market unfavorable in the face of
storm bulletins, which made 1t appear
fairly certain that the hurricane was
moving toward Texas. Prices were
sent 0 to 10 points under yesterdays
close. October touching 27.39c but late
in the morning there were recoveries of
30 to 40 points from the lowest:
NEW ORLEANS COTTON FUTURES
OPENING.
New Orleans, Sept. Election fu-
lures opened steady: October, q CSC;
December. 25 soc bid; January. "a. SIC;
March, Is; 75c; May, 2S;lOc; -
CLOSING.
New Orleans, Sept. 2l.--Cotton flu
lures closed steady at declines of IS to
28 points: october, 81 soc: December.
25 .2lc; January, 24.1Sc; March, 90. 35c;
NEW YORK cofToN FUTURES
New York. Sept. 21.--Cotton futures
opened steady: October, 2S.S5c; De-
cember, rs. 3Oc January, 25 .00c; March,
"a 04c: May, 90 35c.
NEW YORK COTTON FUTURES
>, y, CLOSING. .. ,.
closed easy: October, IS. 75c; Decem-
Der, rs. 10c; January. 24.S5c; March,
NEW ORLEANS SPOT COTTON.
New Orleans, Sept. 21.-Spot cotton
steady; quotations revised; middling
unchanged; sales on the spot. 426 bales;
to arrive. 1920; low, middling, 5000;
receipts, 2,962c: stock, 202, 229 bales.
LIVERPOOL COTTON.
Liverpool. Sept. 21.-Cotton spot slow
of sale; prices steady; good middling,
"a .9Sd; fully middling. 3.23d; middling.
binary, 14,23d; ordinary, 1884, sales,
/. 900 bales, including 2,400 American;
receipts. 1920 bales, all American; flu
lures closed steady: September, 10 sod;
October, 10 .45d; January. 1s.53d; March
Is. 0Sl; May, l7.S4d; July. 17.17d.
coTToNsEED OIL.
New York, Sept 21.-Cottonseed oil
closed weak; prime summer yellow,
13.80M14.0O; prime crude. $l1.00; Sep
Lember, 1880; October, 1882; Novem
Der, 1880; December, 1880; January,
1881; February, 1885; March, $13.72;
April, $1375. Total sales, 1920 bar