The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1920-10-15
COTTON DEVELOPS
RENEWED WEAKNESS

ket showed renewed weakness at the
opening today, first prices showing de-
clines OF 10 to 6b points, which carried
the active months to new low records.
December broke through the zoe level,
selling ut 10 00c, while january touched
10 loo In response to weak Liverpool
cables, nervousness over the British
coal situation, good weather In the belt
continue to hedge selling and the state
ment OF Secretary Houston with refer
ence to financing commodities held for
higher prices. There was heavy cover
ing at the decline, however, and prices
showed rallies OF 80 or 40 points from the
lowest within the first half hour.
The midmorning rally extended to
20. soc: for December and 10 O6cfor jan
uary, or about 45 to SO points above the
early low levels. Some trade buying
was reported but sentiment was unset
tied by conflicting reports concerning
the british coal situation and the an
nouncement OF another cut in the price
OF one OF the leading brands OF cotton
goods. This was reflected In renewed
selling as soon as the profit taking OF
shorts subsidized and the market later
In the morning was less active, with
prices sagging back to nearly the pre-
Vious low price.
No Improvement was reported In the
spot demand, but n smaller volume OF
hedge selling was attributed to more
general holding by growers in the south,
and some trade buying was reported on
the decline. This gave the market n
rather steadier tone during the after
noon. and business was comparatively
quiet around o'clock, with prices rul-
Ing about SO points lower to b points
net higher.
NEW ORLEANS COTTON.
New Orleans, Oct. lb.-POor cables
and the official announcement OF four
days running time for English mills
on ~ ~ inf
In tho price Of cotton today, which car
ried December off TO ~. lSc. Very bad
weather in the western belt, with rain
fall up to nearly eight inches. Taylor,
Tex, reporting 1856 inches, and the fear
that the rains would spread to the east
orn belt, caused a buying wave and sub
stantfal recoveTies SO that at tho end OF
the first hour of business prices were
at net loss OF to 20 points. The CON
tinued refusal of government banking
officials to aid the holding movement
among growers seemed to prevent the
market from gaining any real strength.
Cablegrams from England saying that
the coal strike would go into effect to-
morrow caused fresh selling. under
which the market fell Off to about low
est levels again. Realizing by shorts
set in and atAs11 o'clock net declines
amounted to 20 to 80 points,
The rumor that President Wilson had
ordered an investigation of agricultural
conditions In this country was received
favorably and prices bulged to levels
10 points under to IL points over the
close OF yesterday. December trading up
to 10 90c. In the last quarter hour Of
the day the market softened under fear
of what tomorrow would bring In the
coal strike situation in England and
prices fell Off about so points from tho
highest.
NEW ORLEANS SPOT COTTON
New Orleans, Oct. 15.-Spot cotton
steady. 80 points lower: sales on the
spot. 1906 bales; to arrive, 1880 bales;
Pow middllng 1880; mlddllng, 20. 25c:
good mddling, % CSC; receipts, 1856
bales: stock. 227,257 bales.
NEW ORLEANS COTTON FUTURES
OPENING.
| New Orleans, Oct. 15.-Cotton futures
opened steady October. 20. 1Oc nomi-
nal; December, 10 soc: January, 10. 18c;
March. 1890; May, 1860.
NEW ORLEANS COTTON FUTURES
CLOSING.
New Orleans. oct. 15.-Cotton futures
closed easy at net declines OF 46 to 56
points: October. 20 Ice; December.
1880; January. 1900; March, Is. S5c;
May. 10 .60c.
NEW YORK COTTON FUTURES
OPENING.
New York. Oct. 15.-Cotton futures
opened weak; December. 20. 1Oc; Janu-
AIRY. 10 ljc; March, 10 .O5c; May. IS. Csc;
July. IS $50.
NEW YORK COTTON FUTURES
CLOSING.
New York, Oct. l5.-Cotton futures
closed easy: October. 20.10c; Decem.
Der, 20 .0Oc; January. 10. soc; March.
10. 30ci May, 10. 23c.
LIVERPOOL COTTON.
Liverpool. Oct. 16.--Cotton spot ir-
regular; prices lower; good midding
II sd: fully middllng, l6 SD; middling,
l5.l7d; low middling, ll.37d: good Or
binary, S,l7d; ordinary. 7.l7d: sales
1000 bales, including $500 American
receipts, 1000 bales. including loo
American; futures closed steady: Octo-
her. IA .6ld; January, 4.22d; March
14.03d; May, ~. $50; July, and; Sep
TENDER. 10 Aid.
CoTToNsEEp OIL.
New York, Oct. 15.--Tho cottonseed
oil market closed steady; prime sum
mer yellow, Sll.00: prime crude, $3.50
October. $ll40. November. $l1.S5; De-
cember, $ll,S2; January. $ll.S4; Febru-
airy. $l1.S7: March, $1l,95: April, $11.96
May, $l20S. Total sales. 2.400 barrels
COFFEE.
New York, Oct. 16.--Spot coffee, 6&c