The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1920-09-28
COTTON NERVOUS DURING
TODAY'S EARLY TRADING

New York. Sept. 2S.-The cotton mar
ket showed continued nervousness and
activity during today's early trading.
The opening was Arm at an advance OF
Z to 80 points on covering and buying
for reaction after the big break OF
yesterday. The tropical storm threat
and buIlish private crop advices stimu-
lated the buying, but the advance met
a renewal OF heavy southern selling,
and orders were pretty well divided at
tho higher levels with fluctuations show
ing irregularity after the call. After
selling at 20 soc, October sold OH 10
%. 40c and December reacted from
81 zoe to 81. 48c, but the covering move,
ment continued, and the market showed
q better tone than 1t did yesterday:
Only one October notice was reported
In circulation. There were three pri-
yate crop reports each OF them mol
eating more than the average Septem-
Der deterioration. A..
One OF the private reports maze INC
condition 80 per cent. against ~ per
cent. last month. while another placed
II at CI.6 per cent. against 81 per cent
at month and the third made II oI.o
per cent, indicating a crop OF only II,
sac, 900 bales. These figures seemed 10
attract comparatively little attention.
however,, and after sharp advance On
covering and Wall street buying, prices
turned easier under continued southern
selling. Stop orders were uncovered on
the early advance, which carried De-
cember up to % .55c and January to
81 .75c, or 95 to ~f15 points net higher.
but October sold only SIS points above
last nights closing quotation and nearly
all the gains were lost before midday
six October notices were reported In
circulation here this morning.
There was a sudden change In the
tone Of the market during the early
afternoon owing to furry OF cover
ing by October shorts. which ran the
price up to rs 45c, or the full permitted
advance of 200 points from tho low level
OF the morning. and $50 points net
higher. Later deliveries sold lao to l60
points net higher, but at %. 0Oc for De-
cember, buyers were less active ana
later fluctuations were Irregular.
NEW ORLEANS COTTON.
New Orleans, Sept. 2S.--Declines Of
8 to 80 points were made by cotton
around the opening today under selling
caused by poor cables and the wide de-
ciines In yesterdays spot markets, but
the renewed warnings regarding the
storm In the gulf caused great uneasi-
ness and soon led to buying movement
on which there was strong bulge
December rising 140 points to l.40c:
At this level the list stood SO to 96
points higher than the closing quota
lions OF yesterday.
After recessions Of 40 to 80 points,
following the early bulge the market
again strengthened on further storm
warnings, which made 1t appear that
the disturbance In the gulf was headed
for the central or the east gulf coast.
This started a frenzy Of covering among
shorts and prices were carried to new
98 to 1888 points over the close OF yes
terday, October trading up to 22.75c.
At the highest of the day the market
was 1903 to 1873 points up net. Toward
the close early buyers took profits In
a large way and the gains were pared
LIVERPOOL COTTON.
Liverpool. Sept. 28.-Cotton spot dull;
prices weak; good middling, % 5Sd;
fully middlirg, 20 7Sc; middling. fs.03d;
low middling. 5.23d; good ordinary.
II. 7Sd; ordinary. o.7Sd; sales, 5000
bales, including $500 Americana; re-
Americana, futures closed steady: Sep
TENDER. II. god; October. 1890; Janu-
airy, 16 .43d: March. 16.17d; May. 15,92d;
July, Is sad.
NEW ORLEANS coTIeN FUTURES
tu Nsw opened rsd"s Steady dy october q. CSC
10 re bid; March, 10 SOC: May, 10 soc.
NEW ORLEANS COTTON FUTURES
CLOSING.
New Orleans, Sept. 2S.--Cotton f,l-
tues closed steady at an advance Of II
to 104 points: October, 22.4}c; Deem
Der. 81 zoe; January, 220 .64c; March,
20. Acc; May, 20.12c.
NEW YORK COTTON FUTURES
OPENING.
New York, Sept" 2S.---Cotton futures
opened firm: October, %. soc; Decem-
Der. 81. soc; January. 21.o0c; March,
20. CSC: May. 20. 45c.
NEW YORK COTTON, FUTURES
CLOSING.
New York, Sept. 28.-Cotton futures
closed barely steady: october, rs .00c;
December, 20. 40c; January. 21.70c;
March, 81 soc; May. 20. 90c.
by Col. C. r. Herford to fish in Lake
Prof. w. s. Ivy. Of Morristown, ad-
dressed the high school students
Saturday morning HIS talk was very
intaraatIpU Ta has haen para0nally