The news scimitar. (Memphis, Tenn.) 1907-1926, 1918-11-25
ROUND THE TICKER
Cotton.

New Orleans.-H. & B. Beer thus
the bulliSh features Of the
cotton situation: According to the L
5. census bureau records the worlds
production Of cotton, exclusive Of lint
ers IN the United States, for the years
1915. 1916 and 1917. vas 54.435. 900 bales.
whereas consumption for the same pc
rlod, exclusive of 1inters in the T.. S.
was 81, 892, 900 bales. or 4 467, 600 bales
more than the production. That is
why cotton advanced during the war.
Returns for this year are not aVaila-
BILE as vet, and when ObtainRble will
likely make a stronger showing That
being the case, and the fact that Flu
rOpean mill stocks of all kinds at close
Of last July were only about IL per
cent Of what they were four years ago,
all kinds figuring $50. 900 against g.
$4,000 bales, and the fact that exports
from America thus far this season are
$4,000 bales smaller than to CORE
spending date last year, tends to aC-
centuate the bullish situation abroad.
New Orleans-Liverpool better than
expected, but long interest continued
to accumulate; would advise buying
only on good declines.
New York opinions: Hutton & Co
Until there IS a better demand from
domestic %spinners and evidence Of larE-
er exports, we doubt II n material
advance will be had. Carpenter & Co,
The thing that we must keep in our
mind Is that fluctuations in the mar
ket where short sales are prohibited
have naturally much more weight than
II the market were open
New Orleans-The market opens
higher on the Times PiCayune crop es-
innate of II, 1920, 600 bales, excluding
linters. This is just about in line with
bullish ideas and does not indicate a
commercial crop in excess of ~, 500, 600
bales.-Shepard & Gluck.
New Orleans-Weather forecast calls
for rain or snow over the western half
Of the belt, on top of considerable rain
over Sunday. Temperatures are rather
low nearly everywhere, and on the
whole conditions are unfavorable for
gathering what remains Of the crop
in the. fields, The next ginning report
will be bullish. Little attention is be-
ing paid to the Commercial Appeal es-
innate OF II, 200. 900 bales .-Shepard &
Gluck.
New York-Greenville, Tex, says
Heavy frost Saturday night; rain and
ket rallied on absence of December no.
tees. Not 4 single bale of cotton was
rendered against December in either
market. The stock OF cotton on ship
board in this port is AZ, 061 bales.
against 20,766 a year ago, Houston
wires more inquiry here. 1t looks like
a general revival in the spot demand
soon.-Shepard & Gluck.
New York-Reported from Fall River
that iron works closing down three
mills tonight,-Hubbard to Reese.
New Orleans New York wires
stronger feeling on absence Of notices.
No tenders here, either.-Clark to Cot
ter & Turner.
New York-Would suggest December
shorts gradually transfer later months;
don't know anything; simply on gen
eral principles 1t Is always wrong 10
stay short current Observation-Disclosures
Hubbard to Reese.
The first killing frost of the season
at Memphis was received Sunday morn
Ing, This compares with last years
first on October 8, with the earliest on
record on Oct. 2, 1876, and with an
average date Of Nov. a. The first frost
this year came on Nov. / and the av-
erage date for the first one Is Oct. IS.
The killing frost Is SO rate this year
that but little damage has been done.
1t was welcomed by the cotton farmers.
New Observation-Disclosures working
hours increased. Feel friendly to mar
ket, but would only buy on sharp set
backs,-Cleve to c. Il T.
New Orleans .-Bullisn crop estimates,
organized efforts producers for higher
values, continued bad weather, larger
exports indicated, but strong bear in
terest North fighting market.-Clark to
Cotter g. Turner.