The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1920-03-25
MAY COTTON SELLS AT
l2TO Is POINTS HIGHER

New Ofk, MafCh 90 he heI Nous
and unsettled feeling which developed
in the cotton market yesterday was In
evidence again at the opening this
morning, first prices being 80 points
lower to 20 points higher.
March showed the maximum decline,
breaking to 39.50c, and few notices
were reported in circulation, but the
tone was firmer on the late months,
and prices worked higher during the
early trading on apprehensions that
rains In the southwest would work
eastward trade buying and renewed
covering. May sold up from 37.60c to
3S.02c and October from 3lSSc to 32,0Sc,
or about 80 to 33 points net higher.
New Orleans was good buyer during
the early trading, while the lower Lily
erpool cables were offset by the adj
vance In sterling exchange.
Later estimates placed the hnal
March notices at about LOO bales, and
the price of March broke to SS.50c, or
$50 points from last nights closing
quotation, and 468 points from the high
record The last sale in that delivery
was at 38.75c The early advance car
ried later months 81 to AZ points net
higher, and a few stop orders were UNI
covered. After the execution prices
turned easier under realizing, with May
selling off from 3s12c to 37,S3c, and Oc-
tober from 32.12c to 31.77c around mid
day
Reports of an agreement between the
German government and workmen in
the Ruhr valley seemed to help the
early afternoon market, but rallies of
20 or rs points met renewed realizing
and were not maintained. May was
selling around 1880, and October at
31,S7c after O'Clock, or about IL 20
10 points net higher.
NEW ORLEANS COTTON.
New Orleans, March 25.-The storm
now crossing the cotton belt from the
west caused a bulge of rs to AZ points
in the early trading in cotton today,
heavy buying appearing as soon as the
business of the day started. May was
sent to S7.50c, and October to S2.04c.
The upward movement was made in
the face of a poor Liverpool market
and of claims that the rains attending
the storm were beneficial in Texas.
After the first demand was filled up
and weather reports were completed,
the rains in Texas, heavy in some sec
lions. were regarded in favorable
light, and rather general selling set in.
Late in the morning the trading months
were 10 points under to points over
the close of yesterday. May felt con-
siderable realizing from the long side,
and made the widest loss, falling to
BLOC.
Fear that the central and eastern
belts would get rains that would be
heavy enough to cause further delay to
farm work caused buying, which put
points over yesterdays close. Realizing
from the long side pared down the
gains, and at l o'clock the advance
amounted to only II to 81 points.
NEW YORK COTTON FUTURES
OPENING.
New York, March 25.--Cotton futures
opened firm; March, 3975c; May, 37.60c;
July, 35.10c October, 31.90c; December
Lose.
NEW ORLEANS COTTON FUTURES
OPENING.
New Orleans, March 25.-Cotton flu
lures opened steady: March, soc; May
37,S4c; July, 34.S5c; October S1.SOc; De-
cember Lose.
NEW YORK COTTON FUTURES
CLOSING.
New York, March 25.-Cotton futures
cseold ETAO lNtaoin taoin taoinU; Sc
closed steady: May, 3S.15c; July, 35.57c;
October, 80 lie; December, 31.30c.
NEW ORLEANS COTTON FUTURES
CLOSING.
New Orleans, March 25.-Cotton flu
lures closed very steady at an advance
of 3S to AZ points; May, 37.65c; july,
5000; October, 32c.
NEW YORK SPOT COTTON.
New York. March 25.-Spot cotton,
quiet; middling, 41.5Oc.
LIVERPOOL COTTON.
Liverpool, March 25.-Cotton, spot in
limited demand; prices lower; good
middling, 0,1Sd; fully middling, 29.18d
middling, 2S.1Sd; low middling, 24.8Sd
good ordinary, 21.6Sd; ordinary, 20.6Sd.
Sales, 1000 bales, including 1900 Amer
lean; receipts, 10000 bales, including
10000 American; futures closed steady;
March. 26.37d; May, 25.29d; July, 24.4Od;