The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1920-10-27
COTTON MARKET
STEADY AT DECLINE

STEADY AT DECLINE
New York. Oct. 27.-The cotton mar
ket opened steady at decline Of Is 70
~ points and sold about 40 20 90 points
net lower during the early trading,
with December touching Fl SIC and
January FL .15c. Reactionary sentiment
was encouraged by the easier ruling OF
Liverpool, and there seemed TO be re-
newed nervousness over the British
labor situation. Houses with New Or
leans connections were among the most
active early sellers. but otherwise
southern offerings were not heavy ana
the opening break was followed by raj
lies OF several points on prospects for
lower temperatures IN the neit: T.. d.
northern parts OF the belt were fol-
lowed by furry Of covering later,
which sent December up to II soc and
January to 81 .S4c, or about 80 TO ~
points above the early low prices: This
and trading was quiet early In the noon
hour with prices holding fairly STEADY
around 81 .23c for January, or about AZ
points net lower. The weekly report OF
the weather bureau said that good prog
ress had been made with picking east
OF the Mississippi river, but that west
OF the river picking had been delayed
and open cotton damaged by rain.
The failure OF the reported settlement
of the British coal strike TO stimulate
fresh buying led to renewal OF fiqui-
dalton and selling for reaction dur
broke to 21 Soc, and January to CSC,
with active months generally showing
net losses of IS to So points around z
o'clock.
NEW ORLEANS COTTON.
New Orleans, Oct. 27.--The less fa-
vorable advices concerning the nego-
tiations to end the coal strike in Great
Britain caused heavy selling of cotton
today, much liquidation coming from
the long side. During the first hour OF
the session the active months were sent
81 to IS points under the close or yes
terday. December falling to 21.04c and
May to 20. 23c.
The forecast of frost over a consid-
cradle area in the western half of the
belt created more demand and some
buying came in on private cablegrams
from Liverpool claiming that coal strike
negotiations We're again making favor,
able progress. The market made partial
recoveries, standing 10 to rs points
down net late In the morning.
Many traders on the long side EVIL
IDENTIFY thought the steady spot caused
by the favorable reports concerning the
coal strike offered good opportunity
for realizing profits and too much liqui-
dation came on the market with the
result that the late trading saw a con-
slant decline. Toward the close prices
were 112 to 11S points under the final
prices of yesterday, with December
down to 20. 42c and May to 1850.
NEW ORLEANS COTTON FUTURES
OPENING
New Orleans. Oct. 27.-Cotton futures
opened steady: November. 20 .55c bid;
December. 81. 1Oc bid; January. 20. 73c;
March. 20. 4Oc; May, 2O.25d2o. soc; July,
20. 00c bid.
NEW ORLEANS COTTON FUTURES
CLOSING.
New Orleans Oct. Election futures
closed barely steady at net declines of
1O1 to III points: December 70 pic;
January, 20 csc; March, 19.9lc: May,
19.74c; July. 1880.
NEW YORK COTTON FUTURES
OPENING
New York. Oct. 27--Cotton futures
opened steady: December, 81 95c; jan
uary, Fl S5c; March, 81 Csc; May. Fl Ooc;
July. 20.70c.
NEW YORK COTTON FUTURES
CLOSING.
New York, Oct. 27.-.Cotton futures
closed barely steady; December, 81. 15c;
January. 20. 73c; March, 20.50c; May,
20. soc; July. 20.10c.
LIVERPOOL COTTON.
Liverpool, Oct. 27.-Cotton spot in
fair demand; prices steady; good mid
ding. 10 .94d; fully middling. Is SOD;
middiing, II .19d lew middling. 10. S9d;
good ordinary. 10 AID; ordinary, 9.44d;
sales, 5000 bales, including 1000 Amer
lean; no receipts; futures closed quiet
and steady: October. 16 3d. December.
16. 09d; January, 1924; March, Is. 34d;
May. .O7d; July, 14.S2d; September,
LAD.
coTToNsEED OIL
New York. Oct. 27.-The oOttonseed
oil market closed easy: October. $11.OO;
November, s1D1O; December. $ll.4O;
January, $i1.45; February, $11.5o;
March, $11.S0; April $11.S0; May, $1,000.
Total sesal, 10000 barrels. Prime sum-
mer yellow. $11.O0 bid; prime crude.
$S.25.
NEW ORLEANS SPOT COTTON.
New Orleans, Oct. 27.-Spot cotton
steady and unchanged; sales on the spot
701 bales; to arrive. IT'S bales; low mid
ding, Is .50c middling, Fl .75c; good
middling, 20 75c; receipts, 14,142 bales;
stock. 285,139 bales.