The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1920-09-20
GREENWOOD CEMETERY
EASIER CABLES CAUSES
DECLINE IN COTTON

New York, Sept. 2O.-Easier Liver
pool cables and unfavorable trade re-
ports from Manchester were the chief
influences on an opening decline OF 20
to ~ points In the cotton market today.
October contracts sold off 10 28 zoe and
December to 25.38c on the call, but spot
houses were buyers on the decline,
while there was a good deal OF scat
tered covering owing to approximations
OF tropical storm and more favorable
reports from the domestic goods to-
day. Houses with Liverpool connections
sold rather freely at the start. Other
wise pressure was limited, and prices
soon rallied to 28.55c for October and
1860 for December, or within a few
points OF last weeks closing quotations.
A tropical disturbance. reported imme-
diately south Of the Yucatan channel
last night moving northeastward, was
said to be of considerable intensity.
NEW ORLEANS COTTON.
New Orleans, Sept. 20-On the OPEN
ing of the cotton market today prices
were lower and the decline soon
amounted to 2S to 33 points. selling be-
reports OF Increased short time among
English mills The storm warning for
the tropical disturbance near the Yu-
catan channel did not have much eff
feet at first, but finally changed the
whole complexion OF the market. caus-
ing heavy buying on which the initial
losses were recovered and the market
sent TO 18 points higher than the
close of Saturday October fell off to
26.63c and reacted to 2701c.
Buying on the tropical storm threat
was stimulated by the views OF local
map readers, who thought that a low
barometer west OF the Mississippi might
mean unsettled conditions In the south
whether the tropical storms reached
the belt or not, New Orleans was rel
atively firm and bought here while
trade buying was accompanied by re-
ports OF O sitter eastern belt spot
basis. and October contracts advanced
to 28 Toe, or II points net higher. De-
cember sold up to rs 93c, making an
closing, but the official forecasts for
both the western and eastern belts
were favorable and prices showed slight
reactions around midday.
A heavy covering movement among
shorts set In following storm bulletins
indicating that the hurricane was en-
tering the Yucatan channel, thus taxi
ing the course usually taken by storms
that affect the cotton region The ac-
tive months late In the morning were
81 to 81 points over Saturdays final
prices. with October at 27 35c and
March at 20. 45c.
The hurricane in tropical waters re-
manned tho dominating influence to the
late trading when the active months
were at net advances OF Sc to 70 points.
October rose to 27.62c and March TO
NEW ORLEANS COTTON FUTURES
OPENING.
New Orleans. Sept. 20.-Cotton
opened: October, ae,esq65c; December,
Ssssc JonMTaryb >. "a sSc FebPSa aCy
NEW ORLEANS COTTON FUTURES
CLOSING.
New Orleans. Sept. 2O-Cotton flu
ures closed steady at net advances OF |
Is to 76 points: October. ~ Csc; De-
,ember, 2b. soc; January. 24.45c; March,
NEW VoRK COTTON FUTURES
OPENING.
New York, Sept. 20.-Cotton futures
opened easy: October. 2s25c; Decem
ber,. assoc; January. 2t9Oc; March,
23.15c May, 22.70c.
NEW YORK COTTON FUTURES
New York. sept. 2O.-Cotton futures
,losed easy:. October. 2S.S0c; Decent
,er, &c .12c January, 2i.SSc; March.
"A ,00c; May, 23. 40c.
NEW ORLEANS SPOT COTTON.
New Orleans. Sept. 20.-Spot cotton
Iuiet and Unchanged; sales on the spot
IL bales; to arrive, 400 bales: low mid,
hing, 10 SOC; middling, 2s 00c; good
3O.75c; receipts, 1929 bales;
'' LIVERPOOL COTTON.
Liverpool, Sept. 20.-Cotton spot
Iuiet' prices easy; good middling'
80: fully mSdns q G GsS % @oad ns
Iinary, II. 03d; ordinary. lS.0Sd; sales,
900 bales, including 5000 American;
eceipts, 5000 bales, no American; fu-
ures closed quiet; September, ~, ESQ
october. 10 .1ed; January. IL I'D; March
.7sd; May, 1880; July. 1850.