The news scimitar. (Memphis, Tenn.) 1907-1926, 1918-11-18
COTTON REVIEW
Cotton.

New York.-Washington permits
switching between New York and New
Orleans, but selling New York and buy
ing Liverpool prohibited; very few or
ders in ring at opening.-Cleve to Cot
ter q Turner.
New Orleans.-WeatheF map is clear,
cold and dry. The outlook is for con-
tinued cold and dry weather. The war
Industries board issues a lengthy ruling
on that sellers Of future contracts
may and may not do, the most impor-
tant feature Of which is that conces-
sions are made regarding s%traddling
and stFaddle sales are now pePhlitted
both between months in the same mar
ket and between New Orleans and New
York, but II Is still impossible to strad-
die with Liverpool. It is provided,
however, that If, in stFaddling, sales
are made first, purchases must imme-
diately follow.-Shepard & Gluck.
New Orleans.-Increased selling, more
two-sided markets expected oil closer
approach futures spots. general trade
review bearish on observation-disclosures
to Cotter & Turner.
New Orleans.-Liverpool's advance Of
100 points instead of SO day limit
due extension trading limit. LOOK for
Wild up market, u round 30 cents
think country will sell.-Gluck.
New York.-Hungry Europe bidding
for stocks abroad must be replaced from
this side. Look for big foreign demand,
even If ships not Immediately availa-
ble.-McElroy to Cotter & Turner.
New York.-Mitchell has bought 5000
and McFadden 10, 900 March quietly this
morning selling scattered in mes and.
twos.-Cleve to Cotter & Turner.
New Orleans.-New York says that
MCF'adden has been a buyer this morn
ing. Pensacola clears ALSO bales of
cotton for foreign export. In spite of
restrictions enough ceiling is develop
ing to hold the market down.-Shepard
& Gluck.
Montgomery, Nov. 15.-Picking is now
virtually finished, perhaps 5 per cent
Is yet to be picked. The top crop,
though of small proportions, will all be
gathered since all has matured. About
s. per cent of the gins are idle.
Spot business during the last two
weeks has been of a negligible charac-
ter, The holders, on m hand, were
not willing to meet the prices during
the decline, hence little cotton was
sold. They seem TO be well intrenched
and while some little distress cotton
may have and may still come out, the
majority are In a fairly good financial
condition to hold their crops.-Weil
Bros.
Grain.
Memphis receipts: Corn Q, oats 81 and
hay II cars.
Hog receipts: Chicago, 5000; Omaha,
$500, Kansas City. 5000; Sioux City,
5000, st. Joseph, 5000; st. Louis, A.
900.
Chicago-Receipts: Wheat, $4,000;
corn, 255, 900; oats, 285, 900. Shipments:
Wheat, 259, 900; corn, 1875, 900; oats, 264,-
600.
st. Louis-Receipts: Wheat, $1,000;
corn, 5000; oats, $50 900. Shipments:
Wheat, $4,000; corn, $1,000; oats, 3d.
900.
Chicago.-The feeding of the people
of Europe created an abnormal demand
for our foodstuffs; cash grain VIII not
be cheap while this demand lasts
King, Farnum & Co, to Reese.
Chicago.-The large corn advance is
due to failure of the market to break
on actual peace, liberal short cover
ing, small pit pressure, big talk Of Eu-
ropean famines, and fixing OF II cents
for hogs for December and steady cash
oats demand. Reports Of a very heavy
European flour demand stirred up To-
Gals. Many point oui that the United
States exports of wheat II flour will
assume such large proportions during
the winter there will be little room for
the surprising story that the healthy
abroad will be fed on corn products.
The unhealthy will receive meat and
wheat. Common sense indicates wheat
will be dumped in Europe.-Wagner &
Co.
Chioago.-Everybody buying corn
Wagner.
Chicago.-Cash grain news lacks de-
tails and presumably the demand is
only fair. Corn market has given no
attention to the immense wheat sur
pluses Of America, which practically
demand using up by sharp exports. Lo-
cal gossip covers talk of European
needs; there ia a little talk as to the
corn advance being considerable-Wag-
ner & Co.