The news scimitar. (Memphis, Tenn.) 1907-1926, 1918-12-05
ROUND THE TICKER
Cotton.


New Orleans-New York kilograms
say Liverpool shorts are covering their
January commitments on arbitrage and
that the market shows a better under
lone. one message, however, claims
that heavy long liquidation is yet IN
prospect,
New Orleans-The market is doing
better on prospects Of complete re-
moval Of present restrictions on bust
ness. There are on shipboard await
ing clearance in this port $3.50 bales
OF cotton, against S,054. Boston claims
b a cotton in Germany is selling at
the unheard-of price Of 81 a pound.
Probably this refers to inflated Ger
man currency.-Shepard 6 Gluck.
New Orleans-The weather map is
clear, dry and moderately cold. The
feature Of spot accounts from the in
terror is the claim that the basis Is
rising 1t is said that spot firms are
now putting through new business on
through bills of lading from the in
terror. 1t is said some little business
has been done for January and Feb
ruary shipment.-Shepard & 'Gluck.
New York-McDonell & Co, Wall
street house, bought Is, 600 December
and January, stil buying; selling scat
tered.-Cleve, to Cotter & Turner.
New Orleans-Chairman Baruch, of
the war industries board, has resigned
and his resignation has been accepted
by President Wilson and the agreement
has been reached that the board will
go out Of existence on Jan. l. This
undoubtedly means that the ban on
short selling of cotton will be auto
matically lifted when the war indus
tries board passes out of existence
Shepard & Gluck.
Nau Orlaope Naur Vn.Ir alviaaS
bearish, but somewhat more activity
developing in spots; large export clear
ances due shortly; bullish ginners Mon
day give better chance to scalping pur-
chases on reactions.-Clark to Cotter
a. Turner.
New York-Gwathmey and McFadden
brokers' buying, One Wall street ac-
count bought 1000 this morning.-Hub-
bard.
New Orleans-We shall compare to-
morrow with into sight of 626, 1856 last
year, 51O,545 in 1916 and 4S9, 1853 in 1915.
Iaklngs Will run against 434, 900 last
year, 81, 1000 in 1916 and 337, 900 in 1915.
New York-Twenty-p point advances no
niger attract spot selling. MiRs anx-
ious,-McElroy to Cotter & Turner.
New Circumstances Picayune says:
Exports are steadily improving and
are expected to increase in proportion
70 the amount of tonnage available.
Ihat an increased supply of tonnage
is expected from month to month is
Indicated by the reported reduction in
forward ocean freight rates and the
bigger %allotments Of tonnage by the
British government for the current
month and January. If restrictions on
the exporting of cotton goods be
promptly removed, it is hoped that
the mills will find an outlet through
the export trade for the unused sur
Plus OF fabrics made on war orders;
in tact, 1t is rumored that England
ana rance are already in the market
FOR these goods"
New York-Improved prospects for
increased exports n reports from spot
markets causing increased trade and
speculative demand here and tone very
steady,-GWathmey to Foster.
New Orleans-New York wires mar
ket seems turning; good demand on re-
~actlohS' large people buying; spots
mere firm, more demand; minus cor
rection Houston stock 81, 000.-Clark to
Cotter & Turner.
New Orleans-Confidence seems lack
ing on part of trade and Az bulges run
INTO offerings by longs, which serves
as a Jolt to enthusiastic bulls, who are
Ieeiihg Tor bottom of market. Mean
Whlle, spot holders have reduced their
IDEAS regarding price at which they
are willing to sell; at one time they
neld strong at soc, now willing to shade
it 2c.-Gluck. ~
New Orleans-Senator Smith. of
south carolina, is quoted as saying that
all restrictions on the movement of
cotton are about to be removed. Local
tleight men say they can not handle
cotton without the tonnage. They state
mat more ships must move this way
IL the eXport movement is to increase.
New York. Recent buyers have found
It comparatively easy TO take profits
this morning, offerings having been
readily absorbed on the advance by old
speculative shorts and Liverpool. A
local cotton man said expect small
government report on the 18th, nc
doubt large trade short interests will
want to cover before them"
New York.-Rumored President Will
son favors removing all restrictions
trading, u rumor not regarded relia-
BILE, thought to apply to restrictions or
exports,-H. X, Reese.
New York.-Liverpool shorts covering
January OF arbitrage; local traders ex-
pect better on this demand,-Hubbard
to Reese.
New Orleans-This will be the largest
week Of the season thus far in cottor
exports. Today's c~learances already re.
ported amount to 42,077 bales, against
a total this day last yea of only 5,127
For the week thus rar, c~learances
amount to about 1870, 600 bales. Today's
shipments go to England and the con
tinent outside of France, New York ex-
porting 29,3l3 bales and Galveston r.,
764,-S. Il q.