The news scimitar. (Memphis, Tenn.) 1907-1926, 1918-12-06
ROUND THE TICKER
Cotton.

New 1Qk opinions: n. L. Carpen-
Ter Now that the market has found
US alance exporters feel that there Is
no further necessity for restrictions
against short selling" f. +. Hutton:
sentiment leans more TO the bull side,
out unless the trade demand continues
we do not think the advance viii hold
New York claims that Belgian and
french buyers are in the American
markets for cotton goods and also that
some OF the surplus army goods owned
oy the government may be sold to for
elgn governments.
New YOrk-Liverpool does not fully
respond TO our strong close last night.
rms we consider significant and as in
heating a move to provide against con-
tingeneles which the British begin to
see are inevitable. Spot situation is
demand Is expanding. We are confident
believers in a better time for the mar
ket and a regular debacle may yet de-
yelop for the shorts .-EallOn, Of e. W,
wagner g. Co.
New Orleans-Too many outside con-
ditions likely influence market for pres
ent, The idea seems gone out that spot
before holidays. Trade seems to think
buying near and selling distant good
business, but we advise caution in such
straddles; too much one-sided and any
new forward business will likely 60 in
distant posltions.-Gluck.
New Orleans-Increased demand and
expectation goods and cotton chief
FACTOR inviting advance; support yet
timid; occasional sharp reactions likely,
but buying depressions has much bet
ter chance.-Clark to Cotter 4 Turner.
New York-Some realizing with small
transactions; traders bullish; Holland
allowed 100000 bales cotton, Quarter
master department reported selling
denims.-Hubbard to Reese.
New Orleans-Increased allotment Of
British tonnage for January, said now
Charles J. Brand from Washington re-
ceived after the close of business an
bounced thatIby an agreement between
the United States and the allies with
The Netherlands government, the eX-
port OF the equivalent Of 112, 900 bales
authorized, provided that the cotton is
carried in vessels flying the Dutch flag,
1t was stated by Mr.. Brand that in all
probability fully 10O, 600 bales OF raw
cotton would be exported under this
agreement; The cotton must be ex-
trade board and consigned to an official
trust in Holland. The agreement is
said to cover general merchandise
Shepard & Gluck.
New Y~ork-Fair demand, but offer
ings equal It; Hutton taking profits;
not much hedge selling reported. New
Orleans clears 81 1000 for Barcelona
Cleve to Cotter & Turner.
New Orleans-The weather map is
again clear, dry and cold. Generally
speaking, the best of weather prevails
over the belt. Considerable frost is in
dicated, but frost no longer does the
plant any harm and it helps put the
soil in good condition for preparations
for the next crop. Reports circulated
in this market continue to claim that
Texas shippers are buying cotton in
this market and shipping it to Calves
ton for. a Texas bfll Of lading. This
means they canno buy cotton at home.
Shepard G. Gluck.
New Orleans-Much is being made OF
the Watkins bureaus crop estimate OF
IL ,S25, 600 bales, exclusive of linters. II
has caused considerable selling; looks
as II the government estimate next
under to be called bullish. Savannah
clears $3.50 bales Of cotton for the con-
tinent. Total exports today will prob
ably be fairly large and the total for
the week is likely to be above 100000
bales, making 1t the record week of the
season thus far.-Shepard & Gluck.
New York-Just saw Keifer bid jan
uary 10 TO ~ trying 10 Duy 4UO baleS.
Market has absorbed lot selling today.
Looks healthy and is going higher
Cotter to Turner.
New York-Jap brokers buying; they
We're biggest sellers early in week.
McElroy to Cotter & Turner.
New York-Suggested improvement in
export situation. Reports better spot
demand. No decided opinion.-Jenks to
Gustafson. s. .a
Quite a number Of Memphis people,
including The News Scimitar, received
the following Friday: There exists. to-
day the largest and most extended short
Interest In raw cotton and cotton
products the world has seen since the
Civil war. The holders of cotton have
resisted successfully the enormous
pressure Of the last 80 days. Middling
will sell in Southern markets at 40
cents before March / and at so cents
this season. l advise all merchants
who expect to need cotton goods to
secure them before they find them
selves competing with all the merchants
Of the world for the inadequate produc-
ton of this country, England and
Japan.-Charles c, Cowan.