The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1920-09-27
RENEWAL OF ACTIVITY
In COTTON SELLING

New York. Sept. 27.-There was a
| renewal OF active general selling In the
cotton market at the opening today. and
all months made new low records The
selling for southern account was prac-
| tically active, leading to rumors OF fur
| Their weakness In the southern spot
| markets, while there appeared to be
very little demand. aside from the profit
| taking OF shorts. First prices were
steady. unchanged 20 ~ points lower,
and the active months soon showed net
losses OF 35 to 10 points. with October
selling at 24.97c and January. 22.1Sc.
London reported more optimistic tone
In the stock market there on the pros
poets for a settlement OF the coal dis
pute, but Liverpool showed no improve
ment, and bearish sentiment here was
promoted by reports OF further price
cutting and run on another Boston
bank w
CHICAGO GRAIN OPENING.
Wheat - December, $2.1Sha$2. TN;
cornEseptember. 81 .22@1 81; pecem-
Der. 94%@93%c: May, 075s@97c,
oats-December, 5s@57Ac; May. COX
d%c.
Lard October, $40 57a1o SO; January.
SIT .72@17. 90.
Ribs-October. SIG so.
Potatoes weak; northern white
NEW ORLEANS COTTON.
New Orleans, Sept. 27.-Wide declines
were made by cotton today under Aell-
ing stimulated by Secretary Houstonls
statement regarding the financing of
commodities for owners who desired to
keep them off the market, which was
considered highly unfavorable to the
holding movement inaugurated by cot
ton growers. Cables were poor and in
creased the offerings. At the end of
the first hour OF trading prices were 75'
to 127 points under the close of Satur-
day. October traded down to ~. zoe and
March to 20. 64c.
Reports of much lower, prices for
spots In the interior swelled offerings
stlll further and the market turned
very weak under the report that some
days notice for Withdrawals from saw
ings deposits The trading months
We're sent to levels Ill to 172 points
under the close of last week, October
touching 22.05c and March 20.32c. Late
in the morning the. decline was checked
by the storm warning because of a dis
turbance in the east central Gulf of
Mexico and because of reports from
Texas that many farmers were dis
charging their pickers.
NEW ORLEANS COTTON FUTURES
op ssw o oesoSsr ssRs
20. csc; May, O.65@70c. Market easy.
NEW ORLEANS COTTON FUTURES
CLOSING.
New Orleans Sept. 27.--Cotton closed
steady at a decline of 100 to 200 points:
October, 21.77c; December, 20.3Oc; Jam
uary. 1974c; March. 19.43c; May. 19.0sc.
NEW YORK COTTON FUTURES
OPENING.
Now York, Sept. 27.-Cotton futures
opened Steady: October, 25.4Oc;. De-
cember.. 2s0Oc; January. 22.5Oc; March.
NEW YoRk COTTON FUTURES
CLOSING.
New York. Sept. 27.-Cotton closed
weak: October, 2S.65c;. December.
2i.4oc;. January. 2O.sOc; March, 2O'4Oc;
LIVERPOOL COTTON.
Liverpool. eSept. 27.-Cotton spot in
fair demand; prices lower; good nsld-
ding. 2433d; fully midling. 22.5Sd; mid
ding, 20.83d; low middling, 1900; good
ordinary, 13.58da ordinary. 12.5Sd; sales,
1000 bales. including $500 American;
Aperican: Futures closed easy: Sep
tember. ls09d; October, 17.71d; jan
July. 16.11d.
coTToNsEED OIL.
New York, Sept. 27.--The cottonseed |
oil market closed weak. Prime sum-
mer yellow. $13OOd14.00 prime crude,
$1,000. September. $13.O0; October.
$1315; November. 1924; December, |
March and April. $1Ssfe. Sales, $4,000
barrels.
BAR SILVER
New York, Sept. 27.-Bar silver do |
nestle. 99hc; foreign. 9Sc; Mexican dol
lars. Tic.