The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1920-09-25
COTTON PRICES TAKE
DOWNTURN AT OPENING

New York, Sept 25.--The cotton mar
lket was unsettled at the opening to-
day, with prices s TO 10 points lower.
Distant positions displayed more steadl.
ness on demand from Wall street and
Liverpool. Nearby options ruled weak
under heavy overnight selling both from
northern and southern sources. based
ON the extension Of the price cutting
weekend statistics and favorable
weather In the belt.
Trading was active on and after
the call with prices later improving
somewhat on covering for over the
weekend.
First prices we're 10 points lower
on November. which sold at 20. soc on
the call and from to 40 points lower
on the more active months Near po-
sitions were relatively weak while there
was a good deal of covering In the lat
ter months and scattered buying for
a reaction after the big breaks earlier
In the week. This proved sufficient to
cause rallies of several points after
the call but the tone OF the market
was extremely nervous and unsettled.
October contracts sold at rs SOC on the
opening break and January at 20 03c,
December and all later positions making
new low records.
A private cable from Liverpool re-
porting a possibility OF a hitch In the
postponement of the strike notices,
probably promoted the early selling. but
there was a good deal OF covering. and
some fresh buying for a reaction was
encouraged by reports that worsted
mills at Manchester. N. H.. would re-
sumo operations on Monday after hav-
ing been idle since last July. Rallies
met Increased offerings with the south
a seller, however, and most months
made new low ground later with De-
cember selling at 23.25c and January
at 20. roc. The close was weak at
net decline of 20 to 100 points. generally
30 to 70 points lower on the active
months.
New Orleans. Sept 26.-A continue,
ton OF yesterdays movement forced
the price OF cotton IS to SO points lower
in the first hour OF trading today. The
market was steadied at the decline by
the absence Of tenders, this being first
notice day, and by weekend realizing
by shorts. but 1t had little real buying
power and no strong recovery. Octo-
Der fell off to 24:0Oc and March to
81 .55c.
For d while the market held fairly
steady on a considerable volume of
realizing by shorts and the forecast of
more or less rain M the eastern half
of the belt, but In the late trading Of
ami there was a break to new low levels
for the week, October dropping to
20. 75c and March to Fl .43c. At these
prices the list showed net losses of
AZ to go points.
NEW YORK COTTON FUTURES
OPENING.
New York, Sept. 25.--Cotton futures
opened irregular: October, rs. soc; De-
cember, %. 40c; January. % 05c; March.
90 60c; May 20. i0c,
NEW YORK COTTON FUTURES
CLOSING.
f,,t,
closed weak: October, 25.65c; Decem-
Der: 20. Csc; January, 22.7Oc; March |
new w o Gny is0e COTTON FUTURES
OPENING.
New Orleans, Sept. 25.-Cotton flu |
December, 2.53G22 6Oc; January. 81. 97c |
March, 81 55c; May. 21.25c; July. 20.2Sc |
VIEW ORLEANS COTTON FUTURES
New Orleans, Sept. 25.-Cotton fu-
ures closed at net decline of 40 to 60
POINTS: October. 2S.77c; December,
N.Y. BAR SILVER
New York, Sept. 25.-Bar silver, do
nestle. 99c; foreign. SIC; Mexican dol
NEW ORLEANS SPOT COTTON.
New Orleans. Sept. 25.-Spot cotton
luiet; so points lower; sales on the
pot. bales; to arrive, 1900 bales; low
II ,00c; midding, 26 00c; good
2S Csc; receipts. none.
coTToNSEED OIL.
New York, Sept. 25.-Cottonseed oil
1900; prime crude. $1,000; September,
1925; October, 1881; November. $3.50
S13,15; January, $1216: March
1925; April, $3.50; sales $500 barrels.