The news scimitar. (Memphis, Tenn.) 1907-1926, 1918-12-09
ROUND TIE TICKER
Cotton.

Cotton.
New Orleans-Liverpool very disap-
pointing and should cause lower open
ing. Ginners due at 3 an, but will
nave no effect. Think market shape
day. LOOK for erratic markets and
would take profits pm bulges.-Schnei-
der OF Shepard & GIuckA
New Orleans-The removal of the
p~rohtbition of short selling by the war
industries board, the order going into
immediate effect, comes as a surprise
10 the uade.-Shepard, & Gluck.
New Orleans-Exchange just been ad-
vlsed restriction ON short selling has
been removed; probably have bearish
etfect.-Shepard & Gluck.
New Decentralization advises
selling restrictions emoved because
outlook now for ample tonnage and
probability expectation cotton so per
cent larger than last year.-Clark to
Cotter & Turner.
New orleans-Greenville, Tex, wires:
Basis continues high; very little SELL
Ing. '-Shepard & Chuck.
New York-Ginners bullish; short
selling restrictions raised; where is that
big short selling predicted; government
providing export tonnage rapidly.-Mc-
Elroy to Cotter & Turner.
New York-Removal restrictions will
help bull market because people will
buy with more confidence, knowing
there will be shorts to sell to when they
Hquidate.-Cotter to Turner.
New York-Traders look for better
prices in anticipation Of bullish crop
estimate, Hubbard to Reese.
New York-On removal of respic-
tons on short selling market eased un-
der scattered liquidation, but quickly
recovered on fair general demand;
steady but featureless now. We con-
tinue favor purchases on sharp recess
slons.-Gwathmey to Foster.
New York.-Liverpool short straddlers
scared out lby restrictions replaced
shorts today. causing reaction.-McEl-
roy.
New York.-Would GO slow on buying
until after government on Wednesday,;
general sentiment here they will sell 1t
off regardless figures, and we should
he in position to buy ~then.-Cotter to
Turner.
New York.-Waco, Tex, wires: Good
spot demand, high basis but holders
refuse to sell. They think that ginning
figures strengthen the prospects for a
small estimate on Wednesday.
New Orleans.-We believe the ad-
vance in the cotton market has been
entirely too rapid, and as short selling
has been prohibited, we fear that there
Is a congested long interest in the mar
ket, which may try to liquidate at n
time. There has been a demand for
cotton from Barcelona, some from LiV-
erpool and from shorts who sold to
French commission 1920 $3.50 cotton.
There Is also some inquiry from South
yet to find any general demand for
cotton, such as we believe to be nee
essary, to maintain the present prices
Fenner, Calling & Became Night Letter
to Wells & Gustafson.
New York-Japanese liquidation broke
market; think over for moment.-Hub-
bard to Reese.
New Orleans.-There is no buying
power this morning, yet expectations
are general for a bullish estimate of the
crop from the government on Wednes-
day.-shepard & Gluck.
Grain.
Memphis receipts: Corn, IS; oats,
5 and hay Is cars.
Hog receipts: Chicago, 5000: Omaha,
10, 900; Kansas City, %, 600; Sioux City,
1880; st, Joseph, $500; st. Louis, &c.
900.
Chicago-Receipts: Wheat, 3sS,O 900;
corn, 210, 600 oats, 437 900. Shipments:
Wheat, 10000; corn, lac, 1000; oats, 407,-
900.
st. Louis-Reeeipts: Wheat, 145, 900;
corn, 163, 900, oats, $4,000, Shipments:
Wheat, 144, 900; corn, Is, 900; oats, 49,
900.
Chicago.-Every time corn or oats
stick head up On bulge, sell them; there's
more than supply for every demand
King, Farnum & Co., to Reese.
Chicago.-Country advices of ship
ments of corn are heavy, especially
from northern Illinois. The United
States food administration to cease OPP
erations when peace is proclaimed. Hog
prices for next month fixed at $17.5 0
The Tribune says there are plenty of
hogs to manufacture all the products
that this country and the allies need
for many months.-AE. W. Wagner &
Co.
New York.-Studebaker sold off as
that company had financed SIS
900, 900 short term notes. Considerable
profit taking in general list. Offerings
well taken. Looks like pretty big short
interest in steel and equipment needs.
Market has oversold appearance.
Chicago.-The last upturn in corn was
based on reports from down state that
farmers have stopped selling, also a
reported upturn Of 3 cents in cash mar
ket, which was early given from 8 to
5 lower. There Is also fear that re-
ceipts will fall below the estimates OF
account of bad weather.-E. w. Wag-
ner & Co. to Shepard & Gluck,
Chicago.-Estimated cars; Wheat 800,
corn $50, oats 450, rye 30, barley 70.
Chicago.-New York wires; Under
stand exporters out of the market for
time being on corn and oats. Cash corn
opens about 5 cents lower than Satur-
days close.-Wagner & Co.