The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1920-10-19
COTTON ADVANCES ON
LIVERPOOL BUYING

New York, Oct. l9.--Unexpectedly
Arm Liverpool cables and foreign buy
| ing orders led TO an opening advance
of 10 10 ls points In the cotton mar
ket here today. Private cables said the
| Liverpool market was strong on COW
| erInR Manchester buying and better
spot inquiry, while selling there was
| checked by Indications that there would
be another conference between the gov.
eminent and coal miners before the end
Of the week. Liverpool and japanese
| Interests were good buyers here while
| there was active covering after the big
| break OF yesterday, with December sell
| ing up to is 75c and January to IS 42c
or about so or 81 points above last
nights closing. Reports OF frmer hold
ing in the southwest and better de-
mand for bleached cotton goods at the
loWer price level probably encouraged
the rally which, however. met further
southern New Orleans selling.
Stop orders were uncovered on the
early advance which carried Decem-
Der up to IS 96c and January to 1850,
or 100 to 1870 points net higher; the
demand then tapered Off and there were
reactions during the middle OF the day
with December selling back to 1880.
or about 81 points from the best. Trad
ing was active for the first hour. but
became comparatively quiet later. with
operators waiting for further rows from
the south. There were reports Of In
creased offerings In some OF the east
ern belt markets. which tended to off,
set the more bullish advices from the
southwest.
There was renewed covering around
rs. SOC for December and 1920 for
January, and the market stiffened mp
again during the middle OF the after
noon, with December advancing to
10 csc, or rs points net higher.
NEW YORK COTTON FUTURES
OPENING
New York. Oct. 19.--Cotton futures
opened firm; Dece nber. 1S.3O91S. 60c;
January, IS. CSC: March, IS 35c; May,
10 zoe; July, 1S.05c.
NEW YORK COTTON FUTURES
CLOSING.
New York Oct. 10.-Cotton futures
closed frm: October, 10 .00c: Deem
Der, IS 90c; January, zoe; March,
IS. csc; May, 1850.
NEW ORLEANS COTTON FUTURES
OPENING
New Orleans. Oct. 19.---Cotton futures
opened steady: October, 10 soc bid; De-
cember, 1S zoe; January, IS zoe; March,
IS ,03c; May. IT 9OM17 CSC.
NEW ORLEANS COTTON FUTURES
CLOSING.
New Orleans, Oct. 19.-Cotton futures
closed strong at net advances OF ITO
to 1872 points: October, 1S.15c; Decem-
Der, 1880; January. 1890; March,
IS. 42c: May, IS. &c.
NEW ORLEANS COTTON.
New Orleans, Oct. ia strong re-
action featured the early trading in
cotton today, prices rising 105 to 12O
points in the first hour of business. De-
,emher touching IS. Acc and May 1880.
A good demand for long account was
and there was much short
covering on the higher Liverpool than
iue and n more hopeful feeling regard
ng the English labor situation due to
government. The demand was in
creased by the outlook for unsettled
weather over the belt.
For while the market held steady
cut finally it commenced to sag under
'eports that French miners were de-
higher wages and kilograms
rom South Carolina saying that many
OF the week. Late in the
the advance was reduced to
10 to IS points
In the last few minutes Of the day
he market turned very strong on short |
covering induced by fear of bad weather
u the belt. Prices went to new high |
evels for the day, where they stood |
IS to 1876 points up, with December at
LIVERPOOL COTTON.
Liverpool, Oct 19-Cotton spot quiet; |
prices firmer; good middlPg, II 45d; |
ully middling, 16 god; middling, 14.7Od; |
ow mddlng, 10 GOD; good ordinary. |
.95d; ordinary, $3.50: sales, 1000 |
,ales, including $500 American; receipts |
1 900 bales including 17,4OO American;
utures closed steady: October, IA .05d; |
December, 1850; January, 1884; |
March. SID; May, 13.71d; September,
3 1Sd.