The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1920-12-09
RECOVERY In COTTON
MET BY HEAVY SELLING

New York Dec. 9.-The cotton mar
ket recovered part OF yesterdays losses
at the opening today owing TO the
steadier showing OF Liverpool and COW
ering, First prices were 2s to 80 points
higher with January selling at IL. l0c
and March at l6 zoe on the call. This
recovery OF about 40 to a points from
yes .erdays low level met considerable
western selling, however, while there
was also spot house selling presumably
to hedge purchases OF spots and prices
eased off a few points right after the
call. Liverpool cables reported quiet
market and houses with Liverpool con-
nections were moderate early buyers
here Spinners of Egyptian cotton in
Manchester have decided TO continue
the short-time schedule for another
Trading was very quiet during the
early afternoon. March sold OF to
Is 9Oc. or 80 points from the early high
level and within points OF last night
NEW ORLEANS COTTON.
New Orleans, Dec. 9.-Prices were
higher In cotton toda yin sympathy win
a better English market than due. In
the first half hour OF trading the active
months rose 81 to SO points, to 10. soc
for January and 10, roc for July. Bust
ness apparently was restricted by the
nearness OF the governments annual
estimate of the crop.
Unfavorable figures on exports or
cloths and yarns from Great Britain
during November caused moderate sell
ing and at II o'clock prices were 10 to
IL points over yesterdays close. Ac-
cording to private cables, British ex-
ports of cloths and yarns from Great
Britain during November caused mod
crate selling and at II o'clock prices
were 10 to ~ points over yesterday
close. According to private cables.
British exports Of cloths amounted to
3i3, 900, 900 yards against 377 100000 In
November OF last year. while exports
of yarns were 100000 pounds against
13, 500, 900.
Moderate selling continued and at 1880
o'clock the trading months were un-
changed to 6 points up, compared with
the final prices OF yesterday. Selling
for short account appeared to he mainly
antcipat ton OF bearish crop figures from
the government Monday.
NEW YORK COTTON FUTURES
OPENING.
New York, Dec. 9.-Cotton futures
opened steady: December .95c; jan
uary. 49, 4c; March. 16.15c; May, SOC;
July, 16 33c.
NEW YORK COTTON FUTURES
CLOSING,
New York, Dec. 9.-Cotton futures
closed steady: December, 15 .67c; jan
uary. Is. 76c; March, 10 SOC; May. 16 Csc;
July. 16 12c.
OPENING.
New Orleans, Dec. 9.-Cotton futures
opened steady: December, Is zoe: jan
uary. Is 4Oc; March. Csc; May, Is .7Sc;
July. 1890.
NEW ORLEANS COTTON FUTURES
CLOSING.
New Orleans, Dec. 9.-Cotton futures
closed steady at net / point up to 5
| down: December. 14,S5c; January,
IA csc; March, 15.27c; May, 15.45c;
'N''' LIVERPOOL COTTON.
Liverpool, Dec Cotton spot quiet;
| prices higher: good middling. 10 29d;
| fully midding, -. SID; mlddling, II DAD;
low middling, 8.29d; good ordinary,
6. god; ordinary s 29d sales 5000 bales,
including $500 American; receipts, 1000
| bales, including 1900 American; futures
| closed steaday: December. II .98d; jan
uary. II SD; March, II. 4Sd; May.
IL .48d; July. II .46d; October. IL Gid.
COTTONSEED OIL.
New YORK, Dec. 9.-Cottonseed oil
closed firm; prime summer yellow 1925
| $1,000: prime crude, Sc 3Od6. so; Deem
ber 1925; January. 1881; February,
| SO 35; March. 1858; April, 1854; May,
| SO "a; June, $3.50; July, $10.14. Total
| sales. $4,000 barrels.
NEW ORLEANS SPOT COTTON.
New Orleans, Dec. Spot cotton
| steady; quotations revised; middling
| rs points lower: sales on the spot, 1900
| bales; to arrive. 425 bales; low middling,
| 10 .00c; middling, Is 00c; good middling,
| II Csc; receipts, 1867 bales; stock, 451,-
| hala