The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1920-09-13
SEVERAL CAUSES LEAD
TOACTIVE COTTON SALES

New York. Sept, 1s.-The weak show
| Ing ofLlverpool, reports of favorable
| weather In the south, and the unfavor-
able labor situation at home and abroad,
movement In the cotton market early
today. The opening was weak at a de-
cline OF rs 10 So points. which was
rather better than due on the cables,
and active months soon sold some 81 10
65 points below Saturdays closing with
October touching 81. 93c and December,
25.l5c. while March and some OF the
later positions made new low ground
that Manchester was depressed by the
uncertainty Of the coal situation and
some selling was reported both here and
In Liverpool on n private crop report
making the mid month condition SO per
cent. against SO per cent. at the end Of
August.
The market seemed able to absorb a
good many contracts after the opening
decline and prices turned steadler on
the western belt forecast for partly
cloudy weather with showers. There
may also have been some buying on
private returns indicating domestic
consumption of 100000 to $50 900 bales
for. August against 100000 last year
and prices recovered about half their
loss selling up to "a. &c for October and
5,53c for December.
Early sellers were buying on the ad-
vance, but the south continued selling
around mid -day. part OF the improve
ment was lost with active months
showing net losses of 40 to So points
early afternoon and fluctuations were
ruling about 81 TO 10 points net lower.
October contracts are relatively easy
under scattering liquidation, selling at
27.S0c, or 70 points net lower. u
NEW ORLEANS COTTON.
New. Orleans. Sept. 1S.---Heavy selling
nm n VAAN AL tp NIas
ket and prices In the first hour of the
session fell 90 to 1877 points, October
dropping to rs zoe and March to %. 10c.
Poor cables, very favorable weather
over the belt. reports OF easier interior
spot market and n private bureau mid
month condition report OF Sc per cent.
OF normal were behind the selling moves
ment. The market received little sup
port OF any kind.
AS soon as early sellers started real
somewhat better demand came from
outside sources and n fair inquiry was
based on private condition. report
claiming deterioration of 10 POINTS, for
the half month. The reaction continued.
until prices were at net losses OF only
20 to SO points. with October trading
as high as 26. 0Oc, but late in the morn
Ing the market was 20 to 80 points off |
from the highest.
The market turned into a trading |
affair late In the session. with prices |
easy on the near months: October |
dropping to 26.6oc and the trading |
months standing at net losses of rs to |
so points.
NEW oRLEANs COTTON FUTURES
New Orleans. Sept. 13.-Cotton flu
.ures opened steady: October, 26 .35c;
December. 90 DOC; January, 30 .oOc;
March. %, zoe; May. 90 .OOc.
NEW ORLEANS COTTON FUTURES
New Orleans, Sept, 1a.-cotton closed
October. 26.b5c; December 24.47c; jan
Iary. 23.67c; March. 22.90c; May. 22.47c.
NEW ORLEANS SPOT COTTON
New Orleans. Sept. 13.-Spot. cotton
none; to arrive. 1000 bales; low mid
iling, 2O75c; mlddling, 2o25c; good
s25oc;, receipts, 7o6 bales;
stock NV lsa;it Work ea.eS SPOT COTTON
New York, Sept 1s.ospot cotton
1uiet; middling. S1,2bc.
NEW YORK COTTON FUTURES.
OPENING.
New York. Sept. 13--Cotton futures
'pened weork: Oct, $500; Dec, 1926;
IAN; 2t,GO mar March e 2S:2e; Nay 2a'oS,
New York. Sept, 1s.-Cotton closed
sasy: October. 27o5c; December,
Il. 45c; January. 2415c; March, 2Si5c;
May. 20. 00c.
LIVERPOOL COTTON.
Liverpool. Sept 1s-Cotton spot quiet;
prices steady; good middling. 24,57d;
fully middling. Sso7d; middiing, 2i.57d;
4,32d; ordinary. 1890; sales, 5000
bales. including 1900 American: re-
ceipts, $4,000 bales, including $500
American futures. closed quiet but
steady; September. 1592d; October.
5000; January. 1s1sd; March, 17,7Od;
May, 17.1sd; July, 1874.
LIBERTY BONDS.
New York. Sept. 13,--Liberty bonds
close today: 3iss, $s99s; first H..
1894: second As, ss472; first AIS,
ss5,72; second AVS. ssh9O: third AIS,
Sss.22; fourth AIS, $500; victory s%s,