The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1920-10-29
COTTON MARKET SHOWS
NERVOUSNESS AT OPENING.

New York, Oct. 29.--The cotton mar
ket was nervous and unsettled during
today's early trading. There was not
much southern hedge selling and the
, weather news was unfavorable. In
dlcating low temperatures In north
ern sections OF, the entire belt. Liver
pool. however, made a weak showing.
while reports from the goods trade we're
as unfavorable ~ at any time since the
beginning OF the season, and after
opening 20 TO 30 points lower. the mar
ket sold about 80 to 46 points below last
nights closing. January contracts de-
clined to 20. $50, compared with Fl. zoe,
tho high point touched yesterday
There were rallies later IN the morn
Ing on q furry OF covering by Wall
street and local shorts FOR over the
weekend and election day. Prices re-
covered to about the closing quotations
OF yesterday. December selling up from
II .10c to u COO, and January from
in the general character of the news,
however. and as soon as the more press
ing demand from shorts had been sup
piled. the market turned easier again In
the absence Of support. with January
selling off to 20. Sac early In the noon
hour. General business was quiet and
much Of the trading was attributed to
liverpool continued selling here while
reports of low temperatures In the belt
failed to stimulate much buying. ana
January eased Off to. 20.36c during the
showing net losses OF about 50 to ~
NEW YORK COTTON FUTURES
OPENING
New York, Oct. 29.--Cotton futures
opened steady: December. q :25c; jan
20. soc: J0iy. 20. zoe.
NEW YORK COTTON FUTURES
CLOSING.
New York, Oct. 29.--Cotton futures
closed barely steady: December, n 16c;
January. 20. f3c: March. 20.2Oc;; May.
20.02c; July. 1880.
NEW ORLEANS COTTON FUTURES
OPENING.
New. orlens. Oct. 2s.--cotton futures
December, 20. Csc bid; January. 20 .iS@
20. zoe; March, 2O.1Sc; May. 1880; July.
10 SOC.
NEW ORLEANS COTTON FUTURES
CLOSING.
New Orleans. Oct. 29.--Cotton futures
closed steady at net declines OF 70 to 80
points: December. 2o.1Sc; January.
1850; March. 1850; May. ie.25c: July
i9.05c.
NEW ORLEANS COTTON.
New Orleans. Oct. 29.--Poor cables
and unfavorable accounts from mill
centers in this country caused heavy
selling OF cotton today, the market
dropping. AZ to 48 points In the first
hour of trading. December fell off to
20. 40c and May to 1860. Much frost
was reported In the belt. and accord
ing 20 private messages, It did injury
to the crop over considerable area.
but the market derived nothing more
than steady tone from 1t. v
The closing OF the silk exchange at
VII H.. hAn vfe1.
mcnt, and 1t intensified the effect Of
unfavorable reports concerning trade In
cotton goods. Late intthe morning prices
we're IS to rs points under the close of
yesterday, with December down to
20. 25c. Exports were heavy, but at
hour clearance from American ports
to about 10000 bales against
IL 294 bales this day last year.
What looked like preholiday liquida-
ton Of long contracts on a large scale
caused further recessions and In the
late trading prices were sent Y to IS
points under the finals of yesterday, De-
cember falling to 20. zoe. The total ex-
port movement OF the day added up TO
G4,821 bales. bringing shipments to for
eign ports for this week up to 1S7,469
bales, against S9.646 this week last year,
and 49,, s @s, this week s, two years ago.
New Orleans. Oct. 29.--Spot cotton
steady and unchanged; sales on the spot
$50 bales: to arrive, 2,178 bales; low
middling, 1870; middling. 81 .00c; good
middling, 23.00c; receipts, $500 bales;
stock 282. 403 bales.
LIVERPOOL COTTON.
Liverpool, Oct. 29.---Cotton spot In
rood demand: prices lower; good mid
ding. 10 .05d: fully middling IS .05d:
16, Sod; low middling, IL Esd;
GOOD ordinary. 9.S0d; ordinary, $500;
sales. 5000 bales, Including 7,400 Amer.
can: receipts, 1000 bales. no Ameri-
ran: futures closed easy; November.
$500: December $3.50; January,
L5. 0sd; March. IA esd: May, IA SD:
Iuly. 14.12d:; October (192f). 10 .S0dj |
official noon closing, October. $500 |
value.