The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1920-04-08
FAVORABLE WEATHER
LEADS TO ACTIVE SELLING

New York, April 6.--The Detter
weather reported In the south led TO
moro active selling Of new crop months
IN the cotton market during today's
early trading, but there was. further
trade buying of old crop positions and
the strength of near months was a sus-
tanning factor. o.,
The opening was easy at an advance
of s points on May, but generally to
is points lower, and active months sold
to 20 points net lower during the first
few minutes with May at 40.95c, and
October at 35. 13c. May soon firmed up,
advancing to Al lac. or Is points above
last nights close. and October rallied
to IS. 31c, but there was good deal
of selling of the latter deliveries, which
held them a shade below yesterdays
final figures. Liverpool reported hedge
selling. but rather a better trade de-
mand.
The favorable weather map promoted
selling OF new crop months. which broke
some 20 to 20 points below last night
closing, quotations during the middle Of
the morning. There was steady trade
buying of the old crop positions, how
ever, and the whole list turned firmer
around midday on the strength of the
near months and covering by early new
crop sellers, who were disappointed over
the outlook for unsettled weather in the
southwest. May sold up to Al soc. or
So points net higher. while October ad-
vanced from So. to IS SIC, making a
net advance Of II points and new high
records. -
The advance extended to Al .72c for
May and 80. 55c for July. during the
early afternoon. or rs to 101 points net
! higher on old crop months, while the
new crop sold about 80 to 40 points net
higher on continued trade buying and
| covering. There was realizing enough
to check the advance at this level and
nnInta
| from the best.
NEW ORLEANS COTTON.
| New Orleans. April 8.-Poor cables
and good weather over the belt caused
moderate selling of cotton around the
opening today. under which prices fell
away to 18 points, but on the posting
of the weather map a new demand came
into the market from traders who saw
in the area of low pressure in the west
signs of further rain for the belt. Heavy
buying resulted and at the end of the
first hour of business prices were s to
| is points over yesterdays close. May
fell off to 40 .02c and reacted to 40. zoe.
der leadership of May, the market
breaking into new high records all
| along the line. May late in the morn
ing stood at 41.05c, and the active
months were SO to 100 points higher
than the last quotation Of yesterday
|
near the strength displayed by the old
| Rather general liquidation came upon
the market and checked the upward
trend. After the noon hour offerings
were not as well absorbed as previ-
ously and claims May was on a ten
derable basis and was being sold by
spot interests, worked against values
to some extent. Late In the session
prices were at net advances of % to 81
points.
NEW ORLEANS COTTON FUTURES
| OPENING.
New Orleans. April S.-Cotton futures
bid; September. IS. 42c bid; octobe,
1920; December, $4,000; January
33.76c.
! OPENING.
New York, April 8.--Cotton future:
opened easy; May, Ale: July: S7.eOc; ,oc'
tober; So Csc; December. s4's5c; Janu.
NEW ORLEANS COTTON FUTURES
CLOSING.
New Orleans, April S.-Cotton flu
lures closed barely steady, point:
down to 70 points up; May, 4O.7Sc; July
sS.2Sc; October. s5c; December. s4.2sc
NEW YORK COTTON FUTURES
CLOSING.
New York, April Section future!
closed steady: May, Al .10c; July
| SO. csc; October. 35.28c: December
| "a. 45c; January. SO SOC.
NEW ORLEANS SPOT COTTON.
New Orleans, April 8.---Cotton, spo
steady and unchanged: sales on thu
spot. 1926 bales. to arrive, $50; low
middling. 33. 25c; middling, 41l50c; goot
middling, 45c; receipts, 5.27s bales
LIVERPOOL COTTON.
Liverpool, April S.--Cotton, spot II
better demand; prices easier; good mid
ding. 3O.13c; fully middling 20. 13c
middling, 28. 13c; dow middling. A.S3c
good ordinary. 21.63c; ordinary, 20.63c
sales, 1000 bales. including $500 Amer
lean; receipts, 10000 bales, including
10000 American; futures closed quiet
Aprils 26c; May, 25 .S5c; July. "a. csc
October, % 34c: December. % ACC; Jan
uary, 22.19c; March, 21.S2
COTToNSEED OIL.
New York. April 8.--Cottonseed OF
closed weak; prime summer yellow
| $3.50; April. $500; May. $1S.3s; June
| $3.50: July, $1S76; August. $3.50; Sep
TENDER, $1S.75; October. $3.50; Novem
Der. $500; sales, 24,60O.
| -. - ~
TAXPAYERS, PLEASE NOTE
u 1