The news scimitar. (Memphis, Tenn.) 1907-1926, 1918-11-14
ROUND TIE TICKER
Cotton.

New Orleans-TheTe seems to be fresh
buying based on the claim By Charles
J Brand, Of the war industries board,
mat exports Of American cotton this
season Will be 1000, 900 bales larger than
the shipments Of last season. Fair and
somewhat warmer weather RFedicted
Tor the cotton region.-Shepard & Gluck,
New Orleans.-straddle covering de-
mand; Liverpool supporting further.
Better feeling on bullish statement by
Brand, increasing covering demand on
depTesSions, tending TO closer approach
futures to spots.-Clark to Cotter &
Turner.
New York.-We have not changed our
general opinion, except to expect even
lower prices than without restrictions.
-Gwathmey to Foster.
New York,-Hedge selling coming in
on cotton bought South, apparently Jap
anese broker.-Hubbard to Reese.
New York.-Apparently no Liverpool
orders in market. either buying or SELL
ing; scattered buying around ring; Of
fertngs ight.-Clevenburg to Cotter &
Turner.
New York;. W. Jay & Co, in COM
menting on the order from Washington
forbidding speculative short sales Of cot
ton said: Liverpool is thought to own
considerable cotton awaiting shipment
and has sold hedges rather freely in
New York, and also against purchases
in Liverpool, which transactions will
need to be covered ultimately and may
&c use temporary strength in the Ameri-
can markets. There was liquidation be-
cause Of this drastic action and the re
suit may cause abnormal declines when
hedge sales are necessary, The net re-
suit is the destruction of any ability
hy fha AyphanDao IN ail in d~tGTriht1tiF
the cotton crop. We advise our friends
to even their commitments wherever
practicable. Might Letter to Gustaf-
son,
New York.-Traders buying, expecting
reaction; they think Liverpool may buy.
Hubbard to Reese.
New York.-There's nothing disturb
ing in news. Our market Is well in
hand and there is every reason to ex-
pect a steadily increasing foreign de-
mand. We have gone through a period
Of hysteria, which by its very violence
was certain to be short lived, and tho
trade will settle down to normal basis
within a very brief time.-Cotter to
Turner,
New Decentralization comparisons
tomorrow will be made with %spinners'
takings of S32. 900 bales last year and
4S6,0 0 the year before.
New Orleans-The ginning period to
be considered in the census bureau re-
port, due Thursday, Nov, 81, ended
yesterday. Estimates OF the output are
due at any time and they will probably
be bullish,-Shepard g. Gluck.
Hubert Reese sent the following to
interior markets Thursday; THE Of
fetal government committee on cot
ton distribution has forbidden either
American short selling or anV kind of
foreign selling and has further advised
the producer not to become alarmed,
but to wait for the inevitable Euro
pean demand and release of tonnage.
This Is all they can do to help the
producer. who must now help himself
by sitting tight, II the market breaks
now 1t is because the South broke it
and 1t can blame no n but itself"
New York-Liverpool has prohibited
selling and made trading limit so Liv-
erpool points. Understand restrictions
here he in force until the markets ad-
just themselves. Pick up cotton on
the soft spots.--Cotter to Turner.