The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1920-10-20
RENE WE'D COVERING
LIFTS COTTON VALUES

New York, Oct. 20.--Covering was re-
newed at the opening today, first prices
being 80 points higher on october and
from 30 TO 81 points higher on later
deliveries. Firm Liverpool cables, re-
ports that London was still hopeful of
an early settlement Of the strike, LiV-
erpool buying and unsettled weather in
the southwest, were features which pro-
NOTED covering by local shorts. Spot
houses and some of the southern wire
houses sold on the advance, however.
| and fluctuations after the call were ir-
regular. December EASING off from 10 csc
to 10 .05c, and then rallying to 10, 15c.
compared with 90c at the close yes
terday.
= Trading became less active later and
worked back. to about the early high
point. December worked up from
10 .05c to 10 csc, and March from IS SOC
to 10 zoe, or 38 to 81 points net higher.
but the weekly report of the weather
bureau was more favorable than ex-
pected and there were reactions of sew
eral points early in the noon hour.
Reports from England that negotia-
lions were under way that might end
the coal strike before the week was over
and the statement in the weekly crop
reports fl ON the government that pick
ing was completed over good por-
ton of the southern and central sections
in the late trading. Toward the close
prices were at net gains of As to 48
points.
NEW ORLEANS COTTON.
New Orleans, Oct. 20.-Much better
cables than due and too much rain in
the belt west of the Mississippi river
put the price of cotton strongly higher
today. In the first hour of business the
active months rose 80 to 60 points, De-
cember advancing to IS .02c and May
to 5Sc. Rports from the interior
that little spot cotton was for sale gave
the market n good undertone.
Realizing by recent buyers was not
well received and the market fell off
until October was a point under yes
terday's close and the gains on other
months were reduced to 2 to s points.
Late in the morning the tone was stead
Ter and prices recovered to net advances
of to Is points.
NEW ORLEANS COTTON FUTURES
OPENING.
opened steady: October. ,19.10c bid;
December, 1850 January, SIC;
March. Is. 9Sc bid; May, IS 31o bid.
NEW YORK COTTON FUTURES
OPENING.
New York, Oct. 20.-Cotton futures
opened firm; December, 1880; Janu-
airy, 10 .15c; March, 9.20c; May. 10. 1Oc;
NEW ORLEANS COTTON FUTURES
CLOSING.
New Orleans, Oct, 2O.-Cotton futures
closed at net advances of 80 to As
points: October, 49, 0c; December,
8.S0c January, 18.67d; March, IS 63c;
May, 1S.44c.
NEW YORK COTTON FUTURES
CLOSING.
New York, Oct. 20.-Cotton futures
closed firm: October, 10 SOC; Decem-
Der, 10. 15c; January, 1920; March,
.2Sc May, 10.
NEW ORLEANS SPOT COTTON.
New Orleans, Oct. 20.-Spot cotton
steady rs points up; sales on the spot.
30l bales; to arrive, 2, $50; low middling,
IS 00c; middling, 10. 00c; good middling,
q .00c; receipts, sos bales; stock, 25l,-
00l bales.
LIVERPOOL COTTON.
Liverpool, oct 20.-Cotton spot in
improved demand, prices firm; good
middling, Is .O6d; fully middling, 16 Sid;
middling, SID; low midding, IL sid;
good ordinary. S.56d: ordinary, 7.56d;
sales. 1000 bales, including 300 Amer
lean; receipts, 1000 bales, including
Z 900 American; futures closed irregu-
lar: October, ii ,43d December, IA 33d
January. IA ed; March. l.17d May,
II 0Sd July, 10. 96d; September, IS sod.
CoTToNSEED OIL.
New York. Oct 20.--Cottonseed oil
closed weak; prime summer yellow,
&1.0O bid; prime crude, $7.OOUS.O0; Oc-
tober $l1 90; November, $l0.64; DeCem-
Der, $l1.17: January, $111S; February.
$ll1S; March, $1l.3S; April, $1l35. To-
tai sales, Is, 200 barrels,