The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1920-10-22
COTTON REACTS OVER
OPTIMISTIC STRIKE NEWS

New York, Oct. 22--The feature in
the cotton market this morning was
the strong showing OF Liverpool and
private cables reporting Increased OPP
timism over prospects of Il settlement
of the strike and more active spot
demand, AS officially reported the
Liverpool spot sales amounting to 5000
bales were the largest for several
weeks and the market here opened
strong at an advance of 40 TO % points,
with December contracts selling up to
10 &C and January TO 10 soc. There
was good deal of realizing by recent
buyers ana considerable southern sell
ing, which caused reactions of several
points right after the call, but the late
cables show6J continued strength in the
English market and there was active
buying here by brokers' with Liverpool
connections.
The advance extended to 10 Soc for
December and 10. 75c for January, or
about 80 to 95 points net higher during
the middle of the morning. After the
close of Liverpool, however, trading
became less active and there were re-
actions of 20 or 25 points from the best
under realizing or scattered selling by
traders, who were doubtful OF an I'M
mediate adjustment of the British trade
labor troubles. There may also have
been some selling on the small sales OF
print cloths reported in TIE Fail River
market for the week. or IN anticipation
of renewed hedging. The south was
credited with selling considerable cot
ton here early, but offerings from that
source were not much in evidence dur
ing the middle of the day.
The comparatively moderate midday
reactions were followed by renewed
firmness. The heavy Liverpool buying
during the forenoon had evidently re-
duced the supply OF contract and the
early afternoon market rallied on its
pTin n1Aa teyh
ground for the day with December SELL
ing at 20.00c and January at 10 .S5c,
or 100 to los points above last nights
closing quotations.
NEW ORLEANS SPOT COTTON.
New Orleans, Oct. 22.-Spot cotton
steady; Unchanged sales on the spot
1873 bales; to arrive, 1.075 bales; low
middling, 10 soc; middling, 10 OOc; good
middling. Fl .O0c; receipts. 1854 bales
stock, 256,416 bales.
LIVERPOOL COTTON.
Liverpool, Oct. 22.--Cotton spot fair
ding, 1S.4Sd: fully middling, IT 23d;
middling. 15.73d; low middling, II .OSd
good ordinary. 8.9Sd; ordinary, 7 sSd;
sales. 5000 bales, including 1900 Amer
lean; receipts, 10000 bales, including
1O,6O0 American; futures closed firm;
a.. sgd; March, 14S7d; July. 14.51d; Sep
TENDER. IA. 15d.
NEW YORK COTTON FUTURES
OPENING.
New York, Oct 22.-Cotton futures
opened strong: December, 10 35c; Jan
uary. 10 SOC; March. 10 csc; May, 10 zoe;
July. 10. 40c.
NEW YORK COTTON FUTURES
CLOSING.
New York, Oct. 22.--Cotton futures
closed steady: December. 10 97c; Jam
uary, 1850; March, 1880; May.
NEW ORLEANS COTTON FUTURES
OPENING.
New Orleans. Oct. 22.-Cotton futures
opened steady: October, 1850 bid:
December 10. 0Oc bid; January, IS. soc;
March, 1880 bid; May. 49, SEALS. 55c
NEW ORLEANS COTTON FUTURES
CLOSING.
New Orleans, Oct. 22.-Cotton futures
closed very steady at net advances of
lO7 to 100 points October, 10 .18c: De-
cember, 10. soc; January, 10 38c; March,
10. 24c; May. 1870.
SILVER.
New York, Oct. 22.--Bar silver. do
nestle, 991ac; foreign, S01ac Mexican
dollars, 61Ac.