The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1920-09-15
COTTON EASES OFF
AFTER FIRM OPENING

New York, Sept. 15.--An opening adj
vance Of 20 TO 80 points on higher Liver
Of tho British labor situation met con-
siderable selling In the cotton market
early today owing to the continued good
weather and reports that spots were
offered on a .enderable basis at some
points In the Interior After STE ng at
$3.50 October eased Off TO 2S.0vc and
December sold down from 25.S5c to
25.72c, but the market soon rallied
again on private crop report making
the condition 59.7G against $50 .S;o at ne ne
the market there had been Influenced
by the decline In sterling.
The early advance carried the market
up to 20. 46c for October and rs .1Oc Tor
December, or about So to IS points net
higher on the active positions. This
met increased offerings which seemed
to be partly inspii ed by reiterated re-
ports that the British government was
preparing to break a strike of coal
miners should II be declared. There
was also some selling on the weekly
report OF the weather bureau which
proved less unfavorable. than expected,
and a good part of the early advance
was lost, active months ruling some IS
to "a points higher shortly after mid
day.
Reports that representatives OF cotton,
growers had been unable to secure any
assurance of special banking accomo-
dations for Withholding cotton from the
market led to some selling during the
afternoon. December eased Off to rs. 58c
or within six points OF last nights
closing.
New Orleans. Sept. ia much bet
ter Liverpool tone than due and private
cablegrams from that market stating
that the outlook for settling the coal
strike was better caused strongly
h taEIN aelF 80 twaH~ -.
day. During the first hour OF business
prices rose SO to So points in the face OF
extremely favorable weather in the belt.
October advanced to 26.75c and March
to 24.44c.
At the highest OF the morning prices
were A to SO points up. The weekly
crop reports from the government were
better than expected, hardly indicating
the deterioration looked for, although
they had their bad spots. and prices
on Noon oeobssr 1ss d Essans e.
26.s7c and the list was to rs points
higher than the close OF yesterday.
The report that the federal reserve
board had refused any special aid to
cotton growers but had recommended
ing facilities at hand In the south sent
the market to its lowest levels. To-
ward the close prices were 6 to IS points
under the close of yesterday. with Oc-
tober trading at 26.16c.
NE" oFlEAoossE SSN1HcoN FUTURES
New Orleans, Sept. 15:;-Cotton flu
Der. 24.6sc; January. 23.75c; March,
23:Soc; May. 22,soc; mtrket steady:
NEW oRLEAns cotton FUTURES
New Orleans, Sept. 15.-Ootton closed
steady at net declines of IL to 20 points:
October, 26.13c: December, 24.18c: jan
uary, 23.30c; March. 22.56c; May, 22.25c.
NEW YORK sc coTToN FUTURES
New York. Sept. 15.-Cotton futures
Der. 25;s2c; January, 24.4oc; March,
NEW YORK COTTON FUTURES
New York, Sept. 15.-Cotton closed
easy; October, 81 CSC; December, 25 .21c;
January. 2a.95c; March, 23.1Sc; May,
%. soc
Liverpool, Sept; 15.-,Cotton spot mod
ding. 25.sld; fully middling, 1850;
21.s1d; low middlng, 1s.01d;
good ordinary, 1860; ordinary, 1860;
sales, 1000 bales. including 400 Amer
can; receipts. 1000 bales, including 400
TENDER. 20.16d October, 19.77d;, jan
July, 1924.
coTToNsEED OIL
New York, Sept. 15.-Cottonseed oil
closed firm; prime summer yellow,
prime crude, $10.2501O.50;
September. $1S.75; October, 1887: No
vember, $ls.77: December. $13.75; Ja
nary. $1376; February, $1a.76; March,
1880; April, $3.50. Total sales II, 900
NEW ORLEANS SPOT COTTON.
New Orleans, Sept. 15.-Spot cotton
luiet and unchanged; sales on the spot,
II bales. to arrive, none; low middling,
'O0Oc; middling, 28.5oc: good middling,
y :75c: receipts, 1851 bales; stock. 1885,
i02 bales.
NEW YORK SPOT COTTON.
New York, Sept. 15.-Spot cotton
uiet; middling, 81 .00c.