The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1920-03-23
MARCH COTTON MAKES
ADVANCE OF l4O POINTS

New York, March 23.-The feature In
today's early cotton market was the
continued advance In March contracts.
one notice was reported in circulation.
and there were only a few buyers, but
the position seemed to be entirely in
control of the remaining long interest
and after opening 1875 points higher the
price was quickly marked up to az. 10c.
or lao points net higher. While there
was no excitement, the strength of
the near month led to further covering
OF later deliveries, which opened 5 to
70 points higher and sold about Is to
% points above last nights closing be-
lore the end of the first hour, with
May touching $3.50 and October 32.92c.
March sold up to 43.1Sc during the
middle of the morning, or 14S points
net higher. There seemed to be a
little more for sale at this figure, and
the price later sagged off a few points.
while other old and early new crop de-
May reacted from $500 to 1850, and
October from 80. 92c to 32.5Sc, with the
market becoming comparatively quiet
around midday. About 589 bales have
been added to the certifcated stock
here since last Wednesday, but traders
expect very few tenders between now
and the end of the MONTH
NEW ORLEANS COTTON.
New Orleans, March 23.-Somewhat
better cables than due and bulges in
ated bullish sentiment in the local cot
ton market on the opening today and
heavy buying ensued. In the first half
hour of business the trading months
rose IL to 45 points. Considerable ir-
regularity was displayed, with July the
strongest month and December showing
the least gain. May traded UP to 36.16c.
The March position here was inactive,
and to all appearances was fairly we'll
liquidated.
TIA y-lyn
the morning session. and the undertone
was firm, although, owners of long con-
tracts were rather inclined to feed out
cotton at the advance. Toward noon
prices were at advances Of 26 to 55
points, compared with the finals of yes
terday, May selling as high as 3S'24c,
and October as high as 32.79c.
NEW YORK COTTON FUTURES
OPENING.
New, York, March 23.--Cotton futures
opened e dir rn March. s2.59c to 4295c;
81 :65c; December. 31.95c.
NEW ORLEANS COTTON FUTURES
New Orleans, March 23.-C1otton flu
NEW YORK coTIoN FUTURES
CLOSING.
New York, March 23.-Cotton futures
CLOSED nrln, MafCn 42.oOc; May, 36.1Uci
July 35.96c; October, S2.52c; December.
31.72c.
NEW ORLEANS COTTON FUTURES
CLOSING.
New Orleans, March 23.-Cotton flu
lures closed steady, 10 points UP to is
points down; March, $4,000, asked;
May 3Sc; July, 35.64c; October. 32.29c;
December, 81 soc.
NEW YORK SPOT COTTON.
New York, March 23.-Spot cotton,
steady; middlng, 4325c.
NEW ORLEANS SPOT COTTON.
New Orleans, March 23.-Spot cot
ton, steady, 25 points down; sales on
the spot, 3,O78 to arrive, 9O5; low mid
ding, 32.50c; middling, 40.75c; good
middling, 43.25c; receipts. 2,151 bales;
stock, 377.392 bales.
LIVERPOOL COTTON.
Liverpool, March 23.-The cotton ex-
change here will be closed April 2, 5
and 6, Easter holidays.
LIBERTY BONDS.
New York, March 23.-Prices of lib
erty bonds at 2:55 pm. today were:
3l5s, $3.50; first As, $1,000; second As,
$500; first AIS, $1,000; second AIS,
$3.50; third AS, $92.70; fourth AIS,
sS9.76; victory 3As, $97.46; victory 4&s,
$9T44