The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1920-09-23
COTTON DEVELOPS
RENEWED WEAKNESS

New York. Sept. 23.--The cotton mar
ket showed renewed weakness durins
todays early trading. Liverpool wai
better than due, but there was a re-
newal OF yesterdays selling movement
around the local ring. which included
good deal OF pressure from the south
and the opening was easy at an ad-
vance of points on October, but gen.
orally 10 to "a points lower. The price
cuts announced by one of the promi-
leading mail order houses evidently
stimulated the selling, while the opin-
ion still prevailed that the tropical dis
turbances had not been violent enough
to cause any serious loss OF cotton,
October sold off 10 81 Soc after the
,call 80 points net lower, while De-
cember broke to "a S5c. or 4S points
below last nights close.
The early break extended TO 81. 45c
for October and PATIO for December, or
about SO TO 50 points below yesterdays
closing. The weather was showing
light to heavy rains in central belt sec
lions, combined with rather an unfa-
vorable eastern belt forecast, and a
private crop report making the condi-
ton 59.6 per centspgainst 70.9 per cent.
last month. led TO covering later and
there were substantial rallies. Decem-
per boiu UP 10 20 loc. OF II poiHts from
the early low level and some OF the
later months made new high for the
day with the general list ruling about
net unchanged to 10 points lower around
midday.
The market was weak during the
early afternoon under continued south
ern selling. reports that Secretary
Houston was opposed to credits for the
purpose OF holding commodities for
higher prices, and London advices stat
Ing that delegates OF the British coal
miners had rejected proposals for q
second ballot on the question OF strik-
ing. October broke to 26.70c and De-
generally showing net losses OF 60 to
NEW ORLEANS COTTON.
New Orleans. Sept. 23.--The near
months In the cotton market today
were to 20 points up on the opening
due. but the distant months opened
lower and after the call the whole list
fell off sharply under continued unfa-
vorabe trade news from both domestic
and foreign markets and the strike sit
uation in England. some cablegrams
fish mills was not unlikely. At the
end of the first hour OF business prices
were So to ~ points under the close OF
yesterday, with October down to rs 60c.
The decline was checked for a while
and small recoveries brought about by
realizing of profits on short contracts.
but late In the morning selling orders
appeared all around the ring, appar-
entity for both accounts. and the mar
ket broke to new levels. 81 to 81 points
under yesterdays close. October
dropped to rs. SOC.
NEW ORLEANS ope GoTToN FUTURES
New Orleans, Sept. 23.--Cotton fu-
lures. opened steady: October. 26. 3O@
26 9sc: December. 24.27c; January.
2S. 1902 zoe; March. %. SO: May. 20. O4c.
NEW ORLEANS COTTON FUTURES
CLOSING.
New Orleans. Sept. 23.--Cotton flu
lures closed steady at net decline OF
81 to 1O5 points: October. 25 Csc; De-
cember 20. soc; January, 20. CSC; March,
%. 30c: May. 81 Use.
NEW YORK COTTON FUTURES
OPENING.
New. York. Sept. 2S.-Cotton futures
Der. 95 20c; January. % csc; March,
NEW York COTTON FUTURES
CLOSING.
New York. Sept 23.-Cotton futures
closed easy: October, &c. S5c: Decem-
be eer so ~ 95c; J 20 N.a 2s.e6c; March,
INTERPOLATION.
Liverpool, Sept. 23-Cotton spot in
fair demand; prices steady; good mid
ding, 25 .03d; fully middling, 23.2Sd;
ow middling. 1884; good ordinary,
IA Esd; ordinary. 10 Esd; sales, 1000
bales. including $500 American; re-
,eipts, 1000 bales including 700 Amer
can; futures closed quiet: September,
10 35d: October, 10 .05d; January. 1914;
March, II sod; May. IS Esd; July. 16. 92d.
NEW ORLEANS SPOT COTTON.
New Orleans, Sept. 23.--Spot cotton
steady; 100 points lower; sales on the
spot, 4s0 bales; to arrive, 100 bales low
niddling, 5000: middling, ~ 00c;
good middling, 20. 75d; receipts, 2,511
,ales: stock. 20l,517 bales.
cOTTONSEED OIL.
New York. Sept. 23.-The cottonseed
Ill market closed steady; September,
1890; October $13.76: November,
1885, December, $13.40; January.
14,s5; February, $13.45; March, 1881;
April. 1880; prime summer yellow
1880; prime crude, s1l.0O. Sales. 49,
100 barrels.