The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1920-09-10
COTTON EASES OFF
ON ACTIVE SELLING

New York, Sept. 10.-The early cot
ton market was unsettled by the weak
ness OF Liverpool and rumors OF an
easier spot situation in the eastern
both active sellers here and after open
ing easier at decline OF IS o Sc
points. active months sold about So to
rs points below last nights colsing. Oc-
tober was again relatively steady with
trade shorts buying against sales Of
later deliveries and after declining to
27.72c rallied to 28.00c. Later months
also rallied few points from the low
est, but met increased offerings on
comparatively moderate bulges with
cables reported selling on the less IA
Covering by october shorts became
more active later when rumors were
circulating that interests owning the
bulk OF the local certified stock were
buyers OF that position. The price ad :
'vancGd TO 28. 75c, or 60'points above yes
terdays closing and into new high
OF yths near month pulled up the later
deliveries, which recovered part of their
early losses with January selling at
"a. Soc. or 20 points net lower. Pros
poets for more favorable weather led
to selling of the later deliveries and at
midday when the demand from Octo-
Der shorts slacl ened prices eased off
several points.
A still more excited rush OF covering
by October shorts sent the price UP TO
30 Soc early In the afternoon or 1856
points net higher, and most OF the later
months showed net advances OF % to So
with January touching rs. 40c. There
were reactions of S5 to so points from
these quotations, but aside from realiz-
ing, selling was held in check by the
strength OF the near months.
NEW YORK COTTON FUTURES
OPENING.
New York, Sept. 10.-Cotton futures
opened steady: October. 27.75c; De-
cember, 5.75o; January, "a. Csc; March,
24.0Oc; May, 23 SOC.
NEW YORK COTTON FUTURES
New York. Sept. 1O,-Cotton closed
2s SIC; January 25S5c; March, 24'ssc;
NEW ORLEANS COTTON FUTURES
OPENING.
New Orleans, Sept. 10.-Cotton futures
opened steady: October. rs. 45@26. 47c;
pecember' 24s5e; January dglsay co. 2S's6c;
NEW ORLEANS COTTON FUTURES
CLOSING.
New Orleans. Sept. 1O.-Cotton closed
at ne dvances of 10 to 96 points:
October 27:96c; December, 25.75c; jan
uary, 2475c; March. 23.05c; May, 2S.47c.
NEW ORLEANS COTTON.
New Orleans, Sept. 10.-A slumping
market In Liverpool put the price of
cotton lower here on the opening today
and the decline continued until 1t
amounted to So to 70 points. October
breaking to 20 4Ec. A good demand
sprang up at the decline and October,
particularly, seemed to feel much COW
ering by shorts, with the result that
reaction set I'm and at the end of the
first hour OF business prices were 2
points higher to S. points lower than
the close of yesterday. October rising
to 81. 02c.
Heavy covering started among Oc-
tober shorts on reports of an oversold
spot market in both the eastern and
the western belts. Spot men claimed
that eastern belt spot interests were
trying to buy spots in this market
for shipment out of Savannah by Sept.
25. The strength of October carried
the remainder of the list up with II
and toward noon the trading months
were 10 to 90 points over the close OF
yesterday. October bulged to 2796c.
changes In the price October went to
2s.00c, or 100 poins over yesterday S
close. but ohter months did not make
new high levels.
NEW ORLEANS SPOT COTTON
New Orleans Sept 10.-Spot cotton
steady and Unchanged: sales on the
spot, $40 bales: to arrive 1000 bales;
low middlng. 20.75c; mlddling. 292 Csc;
god middling, ~ 50c receipts, 1881
bales; stock, 1876, 405 bales