The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1920-09-16
COTTON MARKET STILL
SHOWS BEARISH TONE

New York. Sept. 16-The bearish
feeling OF yesterday was reflected In
some further selling at the opening
| OF the cotton market today. particularly
In the late months. Offerings were read
lily absorbed, however, owing TO more
| optimistic view OF British labor con-
! ditions, more favorable reports from
| the goods trade and reports from east
ern belt points that farmers were
generally In good financial position
decline in prices, First prices were
| 4 to 26 points niger on enar months and
unchanged to 10 points lower on later
| delivery which soon rallied, however.
with the. general list showing net ad-
vances Of about Is to 80 points before
the end OF the first hour. October sold
Mt ~. csc and January at 24.20c.
The advance extended to %. 05c for
October. rs Soc for December and "a. 35c
for January later In the morning, or
closing figures. Realizing caused some
irregularity around this level, but offer
ings were absorbed on comparatively
moderate setbacks, with trading quiet
and the tone steady during the early
afternoon. The floor was practically
deserted at noon as n result o fthe ex-
plosion In the Wall street district. The
board OF managers decided that no oc-
casion existed in connection with the
explosion to justify closing the ex-
change. Business, however, was almost
at a standstill, and there was little
further change in prices, with December
ruling around 2540c, or about 10 points
net higher.
NEW ORLEANS COTTON.
New Orleans. Sept. 16.-Fluctuations
were narrower than usual in the early
trading In cotton today. Around the
opening prices were 20 II points lower
on reports of continued favorable
h.. L.. l.AIk LIT.
20. 02c. A fair demand developed, COM
ing mainly from the short side, and
prices frmed up, going Is to 10 points
over the close of yesterday toward the
end of the first hour of business. Oc-
tober rose to rs. 32c.
In the late trading the market did not
get very far. 1t was steadied by re-
ports of a somewhat better spot demand
in the spot markets Of the western belt,
but no great damage arose. Toward
the close prices were ~ to IL points
above the finals OF yesterday.
The advance remained IL force until
It amounted to rs to 20 points. The ex-
plosion In Wall street caused a short
lived selling furry which broke values /
nearly dollar BALE but the market |
did not remain depressed long. Late |
in the morning prices were IL to 16 |
points higher than the close of yester- !
NEW YORK COTTON FUTURES
New York, Sept. 16.-Cotton closed |
quiet; October, 2797c; December,
Is 44c; January. 24.1Sc; March. 23.27c;
NEW YORK SPOT COTTON.
New York. Sept. 16.-spot cotton
quiet; middling, 81 OOc.
NEW ORLEANS SPOT COTTON.
New Orleans, Sept. 16.-Spot cotton
steady; quotations revised; middling,
20 points lower; sales on spot AIS bales;
o arrive, 300 bales; low middling,
Q SOC; middling, 28.00c; good middling,
20 ., ;7Se; receipts. 2,S4S bales; stock,
VIEW ORLEANS COTTON FUTURES
CLOSING.
New Orleans, Sept. 16.-Cotton closed
teady at net advances of II to go
POINTS; October 26. soc; December,
Z sec; January, 2S.5Oc; March. 22.SSc; :
coTroNsEED OIL.
New York, Sept. 16.-The cottonseed
II market closed strong; prime summer
elbow, $13.S5Q14.25; prime crude,
10, 25@10. so; September, $13. So; Octo-
err gS N0yemSer $1 81 ReSem
1875; March, s13 so; April, $1S.S
NEW YORK oe eeTToN FUTURES
new YORK, sept. 16,-Cotton futures
pened steady: October, 2s.OOc; De-
ember, 25.85c: January. 2s:95c March. /
lose; May. 27.7Oc.
Jew ORLEANS COTTON FUTURES
OPENING.
New Orleans, Sept 16.-Cotton opened
october, rs Csc; December, "a 15c bid;
%. Ale; March. %. CSC; May,
2 soc. Market steady.
LIVERPOOL COTTON.
Liverpool, Sept. 16.-Cotton spot in
God demand; prices higher good mid
ling, 25. 4Sd fully middling. 23 73d;
liddling. 81. 9Sd; low middling, 49, 1Sd;
ood ordinary, 14.73d; ordinary. 10 73d;
lles, 5000 bales, including $500 Amer
AN; receipts, $4,000 bales, including
800 American; futures closed steady;
cptember, .55d: October, 9.49d;
anuary, 1S.49d March, 1799d May,
! .46d; July. II .06d. :
Chicago, Sept 16.-Potatoes weak; re-
'ipts, So cars; Jersey cobblers, $2.70Q
go