The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1920-10-21
EASY LIVERPOOL CABLES
CAUSE UNSETTLED TONE

New York, Oct. 2l.-~The cotton mar
lSet was unsettled by easier Liverpool
cables and less optlmlstic reports from
tho British labor situation during to-
days early trading. Liverpool was a
seller here, whale there was also south
ern and Wall street selling. and first
prices were II to 40 points lower with
the market selling off TO 1850 for De-
ccmbor, and 18,7jc for January. before
The end Of the first hour or about so to
90 points net lower,
More trade demand developed as
prices saggcd off to 10 SIC for Deccm-
Der and 1859 for January, or about 20
to % points below last nights closing
Grurcs, on the general list. This
checked the selling movement, and the
m rlSct letter In the morning was quiet
but steady, with December selling up
to 10 zoe around middny. or within Is
points of last nights closing quota ions.
There were uncOnfirmed rumors that
there was to be meeting OF Fail River
spinncrs to discuss increased curtail-
mcnt. but an improving demand was
reported for some lines of goods in the
local market, which, with reports OF
u st2adicr spot basis I'm the southwest,
helped the late forenoon rally.
Reports that British railway workers
had been ordered to strike at midnight
on Sunday unless the government set
tied the coal mining dispute within
twenty four hours were followed by a
renewal OF general selling In the cot
ton market during the early afternoon.
All active positions made new lows for
the day with December selling off to
rs Coo and January to IS SOC. or 70 to
20 po'''I LIVeRPSooL COTTON.
Liverpool, Oct. 21.-Cotton spot In
better demand; prices lower; good mid
ding, II 96d; fully middling, 16 I'D;
mddling, 15.2ld; low middling. IL aid;
~
sales. 1000 bales, including 300 Amer
lean; receipts, $4,000 bales, including
$500 American; futures closed steady:
October IA. 42d; January. 14.O2d; May.
l3,S,Sd; March; 14.O2d; July. 1S.73d; Sep
NV ORLEANS COTTON FUTURES
OPENING.
New Orleans, Oct. 20.-Cotton futures
opened steady: October 1880 bid:
December, 1S.710lS. 75c; January, IS. 55
@ols SOC; March. IS Ole bid; May. IS .42c.
NEW ORLEANS cS o eoT1oN FUTURES
New Orleans. Oct. 21.-Cotton futures
closed very steady Mt net declines OF
AZ to IS points: October. 1S. soc; De-
cemher. IS. soc; January. S,2Oc; March,
IS 05c; May. 1900.
NE" YORK oe eoIT0N FUTURES
New York, Oct 21.-Cotton futures
opened steady: December, 10 .15c: jan
nary, l9,O7c: March 19,1oc; May.
10 02c; July. 8Sc
NEW YORK c o!,,Sg FUTURES
New York, Oct. 21.-Cotton futures
IS csc; January, IS. SOC;
March. IS S5c; May. 1S 76c.
NEW ORLEANS COTTON.
New Orleans, Oct. 21.-Less favor
nble rsports concerning the labor trou-
Hu nd N hat
ter weather map than expected. caused
declines OF "a to 3S points In the first
hour OF business today In the cotton
market. December dropped to 18.42c
and May to 18.10c. The market was
5teadied at the decline by reports from
sell spots. and by the growth OF the
organized movement to stop ginning
for n month.
After a period Of steadiness in which
prices recovered to within l to points
If yesterdays close, n sharp break was
made on rumors that the British rail-
way workers had been ordered to
strike and all months went to new low |
eves for the day. Late in the morn
ng the market stood at net declines
If 80 to 48 points, December trading |
Town to 10 32c.
Extremely heavy general selling fol- |
owed reports from England that rail-
way and coke workers had voted to so |
over to the coal miners and the mar
tct turned very weak, falling to levels |
Y to 105 points under the close of yes
crday. December late in the day stood |
It II 75c and May at IT. 47c.
NEW ORLEANS SPOT COTTON.
New Orleans, Oct. 21.-Spot cotton |
steady; quotations revised; middling |
sales on the spot, 1896 |
,alcs; to arrive, Sl5 bales: low middlng, |
3 SOC: mddllng. 10. 00c; good middlng, |
u 0Oc; receipts, 5.751 bales; stock. $780,
coTToNsEED OIL.
New York, Oct 2l.-The cottonseed
vi market closed steady: prime sum-
ner yellow, $l0S0; prime crude, $7.75;
october, $l0S5; November. $l0.40; De-
omber, SlO.7i; January. $1O.SO; Febru-
Try, $1OSO March, $11.15; April. $1l,25;
May, $11,45. Total sales. 22,200 barrels.