The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1920-09-22
OCTOBER COTTON
ADVANCES Is POINTS

New York, Sept, 22.--The coteon mar
ket opened barely steady at IS points
| advance to points decline. From the
fact that the south was a heavy seller
traders gained the impression that the
tropical storm, which hit the Louisiana
coast last night. was Jess serious than
expected Fine weather In eastern sec
lions OF the belt. poor cables. the Eng
| lish labor troubles and prospects for
a favorable weekly weather report al
noon. all contributed to the easier feel
Ing which prevailed. October advanced
| Is points to rs 00c at the start on COW
erlng, but offerings Immediately in
creased and January was points lower
| at "a soc. Subsequently the whole list
broke 30 to 40 points under the pre-
vlous close. October reaching % 4Oc and
January "a. 47c.
More reassuring news regarding the
progress of the storm and weekly
crop and weather summary that has
seldom been exceeded for optimism at
this season of the year, caused re-
newal OF heavy selling pressure at mid
day. under which the market broke from
and January "a 23c. July sold at
II .95c. representing a new low record
for the season.
The arrival Of southern advices noting
declines of 1c to &c In spot quotations
and Liverpool cable to the effect that
more gloomy and that the cotton mill
strike Is likely to spread further, caused
heavy selling pressure In the early aft
ernoon that drove October down 145
points under last night to 81 zoe. and
other months 90 to 10 points lower,
January touching 23.92c
NEW ORLEANS COTTON FUTURES
OPENING.
New Orleans, Sept. 22.-Cotton fu-
lures opened steady: October. 27.42c
bid; December 25 sic bid; January,
BAL &c; March. 30. 4oc; May. 22.sOc.
NEW ORLEANS COTTON FUTURES
CLOSING.
New Orleans, Sept. 22.--Cotton flu
lures closed steady at net declines of
cember. "a. 47c; January. 20 SIC; March.
22.s6c; May. 22.3Sc,
NEW YORK COTTON FUTURES
OPENING.
New York. Sept. 22-Cotton futures
opened barely steady: October. $3.50;
March. "a 00c; May. 20. 30c.
NEW YORK COTTON FUTURES
=, 49,, CLOSING. -
closed steady: October. 81 soc; Decem-
Der. 25. 33c; January, 24.20c; March.
23.62c; May, 22.90c.
NEW ORLEANS COTTON.
New Orleans, Sept. 22.-After ad-
vancing on the first call to the extent
of to 10 points on the more active
months. on buying stimulated by the
movements OF the hurricane. the cot
ton market today fell off because of the
absence of any news showing that the
had worked any great dam
age In the belt. At the end of the first
hour of business prices were 30 to 36
points under the close of yesterday.
October worked up to 27 Acc and fell
off to q. 00c.
The forecast OF fair weather for
practically the entire western half of
the cotton region and private cable
grams from Liverpool, reporting n Sc
rious labor and trade situation increased
the selling pressure to the market TO
such an extent that active months were
20 to 202 points under the close Of yes
terday. with October down to 26 csc
and March down to %. 65c. Distant
months were steadier than the nears.
Tho weekly crop reports from the
government were considered highly
favorable and they increased offerings
October touched 10000 and the trad
Ing months were at net declines OF 81
10 1870 points. Toward the close there
we're recoveries of IS to 40 points from
The lowest on realizing by shorts and
reports Of somewhat better feeling In |
the English coal strike situation.
NEW ORLEANS SPOT COTTON.
New Orleans, Sept. 22.-Spot cotton |
quiet and unchanged sales on the |
spot, 81 bales; to arrive, 100 balesi low |
niddllng. 9.00c; middling. 2S. 00c; good |
niddling, 30. 75c; receipts, 1852 bales; |
stock 200, 800 bales.
LIVERPOOL COTTON.
Liverpool Sept. 22.--Cotton spot quiet: |
prices steady; good middling, rs Odd; |
'hlly r1IddHhg, %. sod: middling. 81 .54d: |
ow middling, l7.74d good ordinary, |
Ia 29d: ordinary 10 god; sales. 5000
,ales including 1900 American; receipts |
900 bales; 600 American: futures closed |
die: September. 10. 4Sd; October.
Q. f6d; January. 49,. ESD; March, II sod; |
Nay, II SD; July, 16. 9Sd.