The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1920-12-06
BETTER TONE in COTTON
AGAIN in EVI DENCE

New York, Dec. 1.-THE better tone
noted In the cotton market here toward
| the end of last week was In evidence
again today. Liverpool made Arm
showing and houses with Liverpool con-
nections seemed to be covering here and
first prices were firm at an advance OF
22 to 40 points. There were reactions
of several points after the call under
realizing and hedge selling, which had
accumulate over Sunday. but offerings
were readily taken with January sell
ing up to 16 22c and March to 16, 34c
during the early session, or 80 to 80
All active positions made new high
ground for the present movement before
noon with January selling at 16 SIC and
Mayat l6 TIC. or so or SO points above
Saturdays closing. Covering was slim
ulated by the closing strength of Liv-
erpool and absence Of southern hedge
selling, but the market met more realiz-
Ing around midday and there were re-
actions OF is or 20 points from the best
There was no increase in southern
selling on the midday reactions and
prices held steady during the middle OF
the afternoon on reports of an improved
spot. demand. January. ruling around
16. 40c, or about 80 points net higher.
NEW ORLEANS COTTON.
New Orleans. Dec. 6.-Somewhat bet
ter cables than due, a crop estimate of
l25f6,0 900 bales, not including llnters,
but including cotton that will not be
picked, gave the cotton market firm
undertone and a Using tendency on the
opening today. In the first half hour
Of trading prices were lifted 81 to 40
points. January selling at 1886 and July
to Is. SIC.
The frmness OF the market persisted
on the view that the closing session of
congress would bring constructive legis-
lation. This opinion caused new buying
of importance for long account and a
ii al -. Il. IL.
In the trading up to IL o'clock prices
were sent 40 to AZ points over Satur-
days finals, January touching 1880
and July 16 .08c.
The view that rain and cold weather
In the belt would restrict the movement
OF the crop and so damage the demnants
still in the field to such an extent as
to make them not worth picking, put the
market to it's highest levels, where it
stood SO to 68 points up, with January
at 95c and July at 16 Tic Realizing
on the long side set in and toward 1880
o'clock prices were about dollar a bale
off from the best
NEW YORK COTTON FUTURES
OPENING.
New, York, Dec. 6.-Cotton futures
opened firm: January. 16. 15c; March,
16. zoe; May IS. 4oc: July 16 Soc.
cIoslNc.
New York. Dec. 6.-Cotton futures
closed very steady: December. SIG .10c;
January 35c; March. 49,. Acc; May
is ACC; July, SIC.
NEW ORLEANS COTTON FUTURES
OPENING.
New Orleans, Dec. 6.-Cotton futures
opened steady: December, 15.8 3c: Jan.
uary, Is. 43c; March, Is Acc; May. Is. zoe;
July. Is 83c.
NEW ORLEANS COTTON FUTURES
CLOSING.
New Orleans, Dec. 6.--Cotton futures
closed steady at net advances of Is to
So points: December, SIS .S5c; Janu-
airy. Is TIC; March, is SIC; May. Ode
LIVERPOOL COTTON.
Liverpool, Dec. 6.-Cotton spot. more
inquiry; prices steady; good midding,
12.SSd; fully middling, 12.12d; middling
10,62d low middling. 7.87d; good or
binary, 5.S7d ordinary, Asa; sales
1000 bales. including 3.4O0 American;
| receipts. 5000 bales, including 3,10C
American: futures closed steady: De.
| cember, II Esd; January. II god: May
IL .49d; March, IL .44d; July. II AID; Oc-
NEW ORLEANS SPOT COTTON.
II 500 barrels
New Orleans, Dec. 6.-Spot cotton
steady: SO points higher; sales on the
spot. $40 bales; to arrive 1900 bales
! low middling. 10 75c; middlng, IS 75c
good middling 1775c; receipts. 9,11t
| bales; stock AIS 300 bales.