The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1920-04-09
|UNFAVORABLE WEATHER
CAUSES RUSH In BUYING

New York, April 9-Reports Of un-
| favorable weather in the south LED 10
another rush of buying orders in the
cotton market at the opening To-Day.
First prices were steady at an advance
of IL to IS points, and active months
sold so to SO points net higher before
the end of the first half hour with July
and ali later deliveries making new high
records. July sold at 80 &C. ana PC,
tober at $3.50, while May toucheo
Al. roc. There had been considerable
selling yesterday on expectations OF pet
ter weather. and this morning priVate
reports of rains around New orleans
and in central sections Of the belt LED
to active covering.
Realizing became heavier as OCTOBER
approached the 36c level and there were
reactions later in the morning when
trading was less active. May held up
to Al .63c around midday. or wlthln Z
points of the early high level, but later
months showed setbacks OF some ~ 10
35 points with October selling Gown 70
IS .65c. The official forecasts were ioI
unsettled weather today, but suggested
clearing conditions with rising tempera-
lures at the end of the week, when
probably increased the disposition TO
take profits on long contracts.
Fluctuations were somewhat irregulaf
during the early afternoon, but proht
taking for over the week end continued
about half a cent from the early high
level and within II points of last nights
closing quotations.
NEW ORLEANS COTTON.
New Orleans, April 9.-The cotton
market opened strong and active To-Day
with traders excited buyers on the
heavy rains in the belt over night, rain
fall being heavy in many sections, where
excessive moisture In the soil has been
complained of. In the first half Of
trading prices were advanced AZ TO W
points. May rising to Al zoe and Octo-
Der to IS. soc. October was the strong
est month and the new crops were gem
orally stronger than the old. reversing
the order of things seen yesterday.
Selling increased during the last half
hour of trading until the market was
under considerable pressure. Toward
the close the trading months were d
points lower to IL points higher than the
final figures of yesterday. A fairly
steady tone persisted, apparently be-
cause of expectations that the house
would pass the peace resolution.
Realizing from the long side checked
weather to follow the rains over good
portion of the belt brought In fresh
selling for short account The market
reacted rather sharply from the highest
and late in the morning stood 3 points
under to 16 points over the final prices
NEW York coTToN FUTURES
CLOSING.
New York, April 9.--Cotton futures
closed steady: May, Al 45c; July, 80 Csc;
October. 35 35c; December. .S4c; jan
NEW ORLEANS COTTON FUTURES
OPENING.
New Orleans, April Cotton futures
opened steady: May, 40.75c; July.
3S roc bid: September, So .27c; October,
$3.50; december, 34.95c; January.
new ORLEANS COTTON FUTURES
CLOSING.
New Orleans, April Cotton futures
closed steady, down TO 10 points up;
May. 40. S5c; July, 3S. 43c; October,
35.i3c; December, 34.25c; January,
NEW ORLEANS SPOT COTTON.
New Orleans. April Cotton. spot
steady and unchanged; sales on the
spot, 1857: to arrive. 631; low middling,
80 Csc; middling. Al SOC; good middling,
45c: receipts. 9.S41; stock, $4,000.
COTToNSEED OIL.
New York. April 9.-The cottonseed
oil market closed steady: prime summer
$685. June, $1S.55; July. 1850; August,
$3.50; September, 1855; October,
$3.50; November, $1,000; sales. $1,000.
LIVERPOOL COTTON.
Liverpool April 9.--Cotton, spot dull;
prices lower: good midding 80 ODD;
fully middling. 20 .O3d; middling, 2S O3d;
low middling, 24.73d: good ordinary.
81 SD; ordinary. 20.5Sd; sales, 5000
bales, including 1000 American: re-
ceipts. $4,000 bales. including $1,000
American; futures closed steady: April,
26 .13d; May 25 SD: October, S.61d:
December. 22.64d; January, 22, AID;
March, % 06d.