The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1920-04-05
COTTON MARKET
DEVELOPS ACTIVITY

New York, April 5.-The cotton mar
ket was active and excited at the open
ing today owing to the continuance Of
the unfavorable weather In the south.
First prices were 81 to ll8 points higher,
and all months made new high records
for the season with May selling at
40. 15c and October at "a. 75c. or So to
% points net higher. while December
showed even greater gains, selling up
118 points to "a zoe. Business was gen.
eral with broadening trade and spec
ulative demand for new crop deliveries,
as well as covering or rebuying by SELL
ers of last week. The Liverpool market
will not reopen for business until
Wednesday. but houses with English
trade connections were among the buy
ers here.
Many private reports were received
from the south, all of them complaining
of heavy rains in eastern and central
belt sections over the holidays and low
temperatures in the southwest These
reports seemed to have been pretty well
discontinued by the big opening advance
on new crop months, but May sold up
to 40 .48c later in the morning, or S8
points net higher, and October also
made a new high selling at 34.81c. Bust
ness then became somewhat less active
but the market held very steady around
midday with the trade waiting the de-
tailed weather reports for a better line
on cver-hcliGay conditions.
The deterrent weather reports con-
firming the private news of rains in
eastern and central sections of the belt
and showing very low temperatures in
the southwest led to further covering
during the early afternoon. which sent
October cables up 112 to 122 points net
NEW YORK COTTON FUTURES
CLOSING.
New York April 5.-Cotton futures
closed steady; May, 40. 24c: July,
81 zoe; Oct, 81 7Sc; Dec, S4.O4c; Jan,
80 45c.
NEW YORK os cGTTSN FUTURES
New Orleans, April 5.-Cotton futures
opened strong; May 4Oc; jury 81 25c TO
81 CSC; Oct, "a Csc; Dec, "a l2c; Jan.
80 40c.
NEW ORLEANS COTTON.
New Orleans, April "a rise Of
cent a pound on the new crop months
resulted in the early trading in cotton
today, buying being based on the alb
normally cold weather in the belt The
opening was strong and higher and the
demand constantly increased so that at
the end of the first hour of business
the trading months were forced II to
1903 points over the level of last weeks
close. May rose to 39.70c and Oct. to
"a Soc
Realizing caused reactions OF about
a dollar a bale from the early high
prices, out lOWdTu DOO1 dIOlHtI StIOHB
buying movement set in as the result
of the bulge in sterling exchange rates
and reports of snow in Georgia. On
this upswng prices went II to ITO
points over last weeks finals
The rise continued until it amounted
to rs 70 115 points, October going to
"a zoe. Late in the session much realiz-
ing from the league side came upon the
market and prices reacted moderately
under it, the trading months easing 20
to 80 points from the topmost levels
and October following to "a doe The
tone of the market remained steady
during the reaction.
NEW ORLEANS COTTON FUTURES
OPENING.
opened steady; May 80 4oc; July,
81. 23c, Oct. "a 40c; Dec. 33.73c; Jan.
NEW ORLEANS COTTON FUTURES
CLOSING.
New Orleans, April 5,-The cotton
market closed steady at net advance of
Al to 8S points: May, 90 .4Oc; July,
81 .26c; Oct. "a SIC; Dec, 33. 73c; Jan,
80. 15e.
COTTON SEED OIL.
New York, April 5.--Cottonseed oil
closed firm prime summer yellow,
1885; April $685. May, s1S92; June,
1920: July, Sl9.4l; Aug, $19.43 Sept"
$3.50; oct. SITS; Nov. $16.45; sales,
25, 800.