The news scimitar. (Memphis, Tenn.) 1907-1926, 1918-12-07
MORE DEMAND
FOR COTTON
Improved Outlook for Exports One Factor Stimulating
BuyIng' Whl Shorts Cover Ahead of Reports,
Holders Independent and Seem Confident.

was later announced that Holland had
started vessels TO this country to take
JACK as soon as possible raw material.
me ailotment reported as 100, 900 bales,
Whlch was regarded as a forerunner OF
steps 10 supply other countries as
quickly as possible with what they need
iof their most urgent needs. Other
things seemed to indicate mat it WAS
d matter Of but a short while before
many countries would be bending their
tiIorts 70 get some of the raw ma
lerlai which is so scarce there and so
plentiful In the United States.
AIthough the domestic %spinners were
sun showing but little evidence of buy
ing spots. there was less heard Of or
GERS being cancelled and Of unsold sup
phes OF finished materials. Even in
that direction progress was made to-
ward adjusting business to new condi-
tlons some Of the uncertainty SO
Widespread recently was d~issipated.
Another thing having some influence,
and perhaps inducing some support,
was the fact that a number of crop
estimates, several Of which carry some
weight, came smaller than expected,
giving rise TO a fear that the official
guess next Wednesday afternoon might
furnish a surprise. In anticipation Of
such an ev~entuality there was a check
to liquidation and some speculative was
given. The ginning figures on Monday
are expected to make a bullish show
ing, but will hardly have much weight
pending the estimate two days later.
Weather Is Favorable.
Weather in all the belt a been un-
usually favorable, enabling progress to
be made in gathering the late crop, and
advices from most sections told of 1t
being done. II also favored fall work
being done in those sections where this
is important enough to be a market in
f~luence, although in reality traders gave
but passing attention to this feature.
There has been some talk OF the ef-
feet on mex years crop in the west
ern section Of the belt OF the increased
amount of rain and o but it has
merely increased the disposition to de-
fer buying for future requirements and
mas been ore Of the reasons why the
distant positions have widened differ
ences with the near ones.
Movement has continued moderate,
which is due as much TO unwillingness
to turn loose as to limited demand,
The holders are stubborn and seem able
TO play the waiting game as well as
the mills. They have been directing
their efforts to picking the late crop
where this amounts to anything, while
in the earlier sections enough had been
their ability to get their own ideas
of value. Hester said that movement
into sight wa 3S5. 900. compared with
52B, 900 a year ago. Exports for the
week were slightly over 10000 bales,
the biggest clearances FOR a week this
season. The statistics, however, are
still bearish. although this apparently
has long since been discounted.
What is ahead OF the market is Of
course rroblematical. The coming week
will probably see ION nervousness, but
with restrictions on there will probably
be no big changes. Each dav should
see progress made toward increasing
the ships available for moving cotton
across the seas. although pending more
settlement Of troubles in various u
tries there will he no disposition per-
haps to depart from the policy of buy
ing only for the more urgent needs. At
hest there seems no outlook for ma
terial alteration Of values before the
turn OF the year. After that, should
restrictions on trading ne removed,
there will he better chance for senti-
ment to find reflection unnampered by
such. Time will also be given for get
ting better line on the nrices consumers
will pay for their needed supplies and
how well the manufacturers will be
able to make preparation for filling
them