The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1920-10-14
COTTON REACHES new
LOW LEVEL AT OPENING

New York. Oct. 14.-Still lower prices
were reached In the cotton market at
the opening today as a result OF weak
ness IN liverpool depressing goods
trade advlces, continued favorable
weather In the belt and n renewal OF
southern selling. The initial quotations
were s5 to so points below last nights
closing figures with December selling
off to 10000 and January TO 1920.
An Rctlve demand was encountered on
the basis OF zoe for December deliv-
, cries, however. and there were sharp
rallies during the early trading, with
December selling up to 20.59c and jan
| uary to 10 SOC.
Late forenoon rallies OF 80 TO 10
points from the low levels of the morn
Ing were followed by slight setback
| around midday owing to more favor
able western belt forecast than antici-
pated and reports that another of the
New Bedford fine goods mills was to
curtail production The selling, how
ever was much less active and agrees
sive than recently, and the market
| nrmed up again early in the afternoon
| on renewed covering and trade buying.
| December sold up to close and Jan
IlIary to 90. 35c, or about los points from
! the early low and 65 to ~ points above
last nights closing figures. The census
| report showing domestic mill consump-
| ton OF 457,641 bales for September
against 49l ,06s last year was about as
expected.
The more threatening position OF the
British coal mining situation seemed
| to have little influence after the initial
decline, and the early afternoon ad-
| vance was prompted by reports that
| banking interests were considering
| measures for easing credits to farm
ers. December contracts sold up to
81 O5c. or 105 points above the early
low level and ~ points net higher on
| continued covering and trade buying.
Offerings increased around this figure
and there was some southern selling
on reactions OF 25 or 80 points from
the best.
NEW ORLEANS COTTON.
New Orleans, Oct. 14-Poor cables,
continued good weather over the belt
and unfavorable reports concerning the
coal stkike situation in England caused
declines Of 20 to 81 points around the
| opening OF the cotton market today,
but heavy short covering started on
prospects OF bad weather for the belt
| and at the end of the first hour of bust
| ness prices were 20 to "a points higher
| than the close of yesterday. Decem-
Der first traded down to 1920 and then
NEW ORLEANS COTTON FUTURES
OPENING.
New Orleans, Oct. 14.-Cotton futures
opened steady: October, 1880; De-
| cember, 1890; January. 1890; March,
| S.s3c: May, 18.61m1S &c
NEW YORK COTTON FUTURES
OPENING
New Orleans. Oct. 14.--Cotton futures
opened easy: October, 20S0c; Decem-
Der. 2O:O7c; January. 1o.25c; March.
| 19.10c May 1860
NE" oRLeAe cSo e0TdoN FUTURES
New Orleans. Oct. 1.-THE market
| did not hold well around the noon hour
but the large exports for the day. As
| 1863 bales, against 28,334 this day last
year. finally caused better FEELING
! Toward the end the more active months
were so to 60 points over yesterday
| close
The cotton market closed steady, with
net advances of 20 to 4S points.
October, 90 SOC; December. 1890;
| January, 1850; March 1890; May,
NEW YORK COTTON FUTURES
CLOSING.
New York, Oct. 1.-THE cotton mar
| ket closed weak
october, 2O66c; December, 2O.55c;
January, 19.75c; March, 1945c; May.
NEW ORLEANS SPOT COTTON
New Orleans, Oct. 14-Spot cotton
| steady and unchanged; sales on the
low middlng. IA Csc; middling. 2O75c:
bales; stock, 22s,ii4 bales
LIVERPOOL COTTON.
Liverpool, Oct, 14.-Spot cotton In
moderate demand; prices lower; good
middlIng, 1920; fully middling. 1000;
midling, 1552d; low midling, HID;
good ordinary S52d; ordinary, 7.52d;
! sales, 5000 bales including 2.4OO Amer
lean: receipts 1000 bales, including 5000
| American. Futures closed steady:
October 14s2d; January, 1452d; March,
1431d; May. 141Od: July, 1914.
CoTToNSEED OIL.
New York, Oct. 14-Cottonseed oil
closed strong; prime summer yellow
nominal; prime crude, $500; October,
S1l.3O; November. $l1.4O; December.
| $11.S6 January, $11.ss; February,
| $l1 9O;. March, $1,000 April, $12.O5;
May, s12.15; total sales $4,000 barrels.