The news scimitar. (Memphis, Tenn.) 1907-1926, 1918-12-10
ROUND THE TICKER
Cotton.

New York-Average estimate OF S3
members of exchange on crop ll,54I,-
900, exclusive of linters.
New Orleans-Opinions vary greatly
government tomorrow. Many people eX-
pect a smaller crop than was made
last year, and the census bureau esti-
mates total production last year at
ll,3O2,375 bales of 500 pounds gross
weight, Some estimates heard this
morning are as high as IL, 200, zoe bales.
II Is probable that the dividing line is
IL, 800 600 bales, and anything over Will
cause decline, while anything under
will cause an advance. Here are some
interesting comparisons estimates and
outturns) 1917. 10, 949, 900 against H.
5O2,376; 1916, l1,511, 0C0 against 11,450,-
600; 1915, II ,l6l 900 against LISP, 900,
1914, = 10, oct, 900 against l6, 1876, O00.-
Shepard & Gluck.
New York-Hutton & Co: We still
think it inadvisable to take the long
side at this time. Bond, McEnany &
Co.: We favor purchases on all declines.
New ~York-Some hedge selling Of
January, with good demand by locals
Tor near months; market steady.-Hub-
bard to Reese.
New Orleans-Confidence seems lack
ing on the part of the trade. while
spot holders hoping against hope for
some advance so that they can sell.
There Is always more or less selling
around holidays, regardless Of prices,
ing and be reflected in a declining
market.-Shepard & Gluck.
New York-Extremely low government
estimate being predicted to make figure
appear bearish, remember September
calculation was II, 500, 000,-McElroy to
Cotter & Turner.
New ~York-Market feels the absence
OF speculation and some hedge selling;
very small trading to Fos-
ter.
New Orleans-Average expectation
bureau estimate II, 500, 900; believe it
Will be less, but some reaction market
possible on liquidation; however, think
definite buying basis reaChed.-Clark to
Cotter & Turner.
New Orleans-The weather map is
dry, except for a few light showers
in the eastern belt. Reports from the
interior claim that if anything the la
would not be surprising if some cotton
never was picked in. portions of the
Atlantics.-Shepard & Gluck.
Savannah clears 1903 bales Of cot
ton for England today. Galveston, g.
I'll bales for the Continent.
New Orleans.-Hester makes the av-
erage weight Of cotton bales for the
FIRST four months OF the season 521. l3
bounds VS., 516.3S during the same pc
rioa last year. This average will, of
course, be greatly reduced during the
remaining eight months Of the cotton
year. Total receipts at all United
states ports today are 81, 46S bales vs..
SO,254 this day last year. TotaG ex-
ports are 1884 VS.. 80, 254, The export
movement is disappointing thus far
this week, amounting to 42,047 bales.
against 6l,l97.-Shepard & Gluck.
New Orleans Regular p~rebureau
market. Interest both sides being re-
duced preparatory to taking on new
commitments after bureau.-Gluck.
Grain.
Memphis receipts: Corn II, pats 2 and
hay IL cars.
z. $500; Kansas City, "a, 900; Sioux City,
$500; st. Joseph. 1000; st. Louis, 2S,-
900.
corn. 1856, 900; oats, 653, 900. Shipments:
Wheat, $50 1000; corn, $4,000; oats, L.
457, 900.
st, Louis-Receipts: Wheat, s5, 900,
corn, $1,000; oats, 5000. Shipments:
Wheat, $4,000; corn, Al 600; oats, 35,-
900.
Chicago.-Estimated cars: Wheat,
20; corn, 800; oats. 225; rye, 49,, bar
ley, IS,
Chicago.-Some oats sold to the sea-
board overnight at equal to nine cents
over January track New York. Bids
this morning are on the basis of 81
cents over January. Domestic demand
talr. cash corn about steady at the
start, with little done so far.-Wagner
& Co.
Chicago.-A quick swing to the long
side because of a scarcity of offerings,
when they attempted to cover enhanced
values in the grain markets yesterday,
surprising the local element. Food ad-
m~lnlstratlon to grant licenses to neu-
trails to buy food in America. Tribune
states action OF the market according
to some traders, confirms old theory
that liberal arrivals generally bring
commensurate demand. Conservative
operatives of both sides of corn mar
ket do not look for a decided run in
values either up or down from present
levels.-Wagner & Co.
Chicago.-Characterized by a firmneSs
that forbids increased holding, he
corn market today continued to attract
the attention of nervous shorts, al
though there was early depression, due
to anticipation Of a week cash mar
ket as a result of yesterdays liberal
carry over. The oats market also
showed firmness in sympathy with
corn, due to a report of export houses
being well supplied with orders at 9
cents over Chicago. Provisions were
strong and more active. The leading
packers supporting the market.-sE. W,
Wagner & Co.