The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1920-12-11
COTTON OFFERINGS
READILY ABSORBED

New York, Dec. 1.-THE cotton mar
ket was comparatively quiet this morn
ing. Considerable progress had evil
IDENTIFY been made in the evening UT
there was some further Wall street
liquidation at the opening and first
prices were 1 to 2s points lower.
| Offerings were pretty well absorbed
! by trade buying OF January and
March. however. while there was scat
fairly steady with January selling
around l5.7Oc and March 1880 shortly
after the call. There may have been
some buying on reports OF progress
! in plans for financing export business
or reports OF increasing mill consump-
| mill advices showed no improvement.
A southern organization estimates the
crop at 12,22700O bales exclusive OF
linters.
Fluctuations were very irregular later
in the morning. There was some SELL
ing on rumors OF ar easier spot basis,
but after breaking to is. SIC January
rallied to Is SSc and closed at Is. SIC.
| compared with 1880 yesterday. The
general market closed firm at net de-
cline Of l to 30 points. Trade interests
were buyers of near positions
NEW ORLEANS COTTON.
New Orleans, Dec. IL .-Liquidation OF
long contracts, the unfavorabe tone
Of business reviews from the week
with expectations OF at least a fairly
high crop estimate from the govern
ment at the first OF next week put the
price OF cotton lower in a moderate to-
day, the active months losing 10 to 16
points In the first half hour OF trading.
january fell to 1449c and July to 1890.
Tn, market was steadied at the decline
by private crop estimate of IL, o27, 900
bales, not counting linters.
NJ toll
during practically the entire session.
but the initial declines were not widened
out. and toward the close sufficient COW
erning came from the short dsieotc
ering came from the short side to cause
practically a complete recovery. the ac-
tive months going to levels points I'M
der to point over the last quotations
of yesterday. This steadiness appeared
to be partly due to hope OF favorable
reports from Washington concerning the
progress OF legislation to revive the war
finance corpora ton.
NEW YORK COTTON FUTURES
OPENING.
New York. Dec. 11.-Cotton futures
opened steady: December. 1880: jan
4ary' 1850; March. 15sOc; May. 10000;
NEW YORK COTTON FUTURES
New York, Dec. 1l.-Cotton closed
l5's2c; March. 15.soc; May 1eO1c; July.
NEW ORLEANS COTTON FUTURES
OPENING.
New Orleans, Dec. 1.-THE cotton
market opened steady: December,
l4.soc: January. 15ooc; March, 1516c;
May, 1880: July. 1880.
NEW ORLEANS COTTON FUTURES
CLOSING.
New Orleans, Dec. 11.-Cotton closed
steady at net decline of 4 to point is:
December, 14.76c; January, 1496c;
March, 1850: May. 1880; July, 1545c
coTToNSEED OIL.
New York. Dec. 11-Cottonseed oil
closed strong: prime summer yellow,
nominal: prime crude. $3.50; Deem
Der. 1895; January. $40; February
S94s: March, 1914; April, $9.75; May,
1898; June, 1898; July. $1O15 Total
sales, 10000 barrels.
NEW ORLEANS SPOT COTTON.
New Orleans, Dec. 11.-Spot cotton
quiet. rs points lower; sales on the
spot 1855 bales; to arrive. $50; low mid
ding. 975c; mddlng, 14.75c; good mid
ding. 1700c.
NEW YORK SPOT COTTON
New York, Dec. 1.-Cotton spot
quiet; midling Csc.
Receipts, 9,245 bales. Stock, 445,75O
bales.