The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1920-07-30
OCTOBER COTTON UP;
LATE MONTHS LOWER

New York, July 30.--After an opening
OF s to points In the price OF cotton
today there was a renewal OF demand
for October. which carried 1t up to
| 32. Csc, /or points over the previous
close, while late months continued on
level about 4 to 8 points net lower
Rather active selling OF the late posi-
tons was induced by poor cables, fine
weather over the belt, weaker exchange
and further bearish private condition
reports.
Prices during the forenoon advanced
/ 10 0 points over the previous night,
! October reaching 80 3Oc, DECEMBER
| 81 csc and January, Susie, mainly on
| covering as there was nothing IN the
| news to justify any outside or agrees
sive support of the market.
later the selling pressure increased
in response to more bearish crop ad-
| vices and the list dropped to lowest
| levels of the day, October reaching
| 30. O5c December, 30.70c, and January
| 20. 91c, which was II 10 80 points down
| from last night. followed by rallies OF
| 10 TO IL points on covering.
NEW ORLEANS COTTON.
New Orleans, July 30.-Small gains
were made around the opening OF the
cotton market today on overnight COW
ering orders from shorts, but after al
yances of 3 to s points prices fell OH
under reports Of favorable Weather IN
nearly all sections OF the belt ana OF an
increasing movement OF new cotton IN
Texas. At the end of the first hour
of business prices were l to Z polnts
under the close of yesterday. Business
was restricted by the nearness OF pu-
reau day. October traded up to II. 3oc
and fell off to 31.19c.
The market softened In the late trad
ing, some little long cotton coming on
the market, apparently because OF pri-
yate reports on condition of 76 per
cent. from one source and 70 l per cent.
from another, which strengthened bear
ish convictions regardin bureau day.
Toward the close net losses for the Day
of 81 to 36 points were established.
NEW ORLEANS SPOT COTTON.
New Orleans, July 30.--Spot cotton
steady, soc lower; sales on the spot,
Sal bales; to arrive, none; low middling'
28 ,00c: middling, 38.75c; good middllng,
AZ. O0c; receipts, 2,510 bales; stock, 227'-
sos.
NEW ORLEANS COTTON FUTURES
OPENING.
New Orleans, July 30.-Cotton futures
opened quiet: October, 81 .22Q31 .25c;
December, 80. 29Q30 30c; January, 20 80
a20 soc; March. 30. ACC bid; May. 2S.S6c
bid.
NEW ORLEANS COTTON FUTURES
CLOSING.
New Orleans. July 30.-Cotton futures
closed steady at net declines Of 81 to
33 points, October. 81 SEC; December,
30 Csc; January. 29.55c: March, 29.2Oc;
NEW YORK COTTON FUTURES
OPENING.
New York, July 3O.-Cotton futures
opened steady: October, 32.17c; De-
cember, 30. csc: January. 80. zoe; March,
30 .75c; May, 20. 33c.
NEW YORK COTTON FUTURES
CLOSING.
New York. July 3O.-Cotton futures
closed barely steady: October, 80 02c;
December. 80 Csc; January, 29.75c;
March, 30 .35c; May, 20 .00c.
COTTONSEED OIL.
New York, July 3O.-Cottonseed oil
closed weak; prime summer yellow,
$12.00013.00; prime crude nominal: Au-
gust, $1,000: September, $12.55; October.
S12.85: November, SEAS; December. |
$12.38; January, $12.35; February, |
SEAS; March, $1250. Sales, 1860 bar
raI =