The news scimitar. (Memphis, Tenn.) 1907-1926, 1918-12-24
ROUND THE TICKER
Cotton.

New Orleans.-H. and B. Beer, in a
recent letter, said; Some people consider
prices for the staple in the South high,
but If they would refer to the present
value of good middling in Liverpool
22.2Od per pound, or 44.40 Cents-they
would discover that the English market
Is 1927 cents per pound higher han
good middling in New Orleans, which is
3l.lSc, Notwithstanding this fact the
Lancashire's spinning margin Nov. q
was 29.42d a pound VS.. Esd last year,
6.53d year before last and 2,66d in 1914.
Prospects are for a decided reduction
in the ocean freight rate on cotton to
Europe early next year. The present
rate to Liverpool is about &c per
pound, or $50 per bale. 1t is rumored
uary shipment, have been made at $3.50
per 100 pounds, for February March
81. so, or only $3.50 per bale, or $22.50 per
bale lower thar the current rate.
New Orleans.-Columbus, Ca, wires
| spot cotton is held firmly, bringing 81
cents today. The weather map is again
wet, heavy rains being reported in the
CentTal and Eastern belt. The outlook
is for much colder weather to follow
the rain.-Shepard & Gluck.
New York.-Considerabls long stop
orders in market; reaction would catch
them.-McEaroy to c. & 7.
New Orleans.-Liverpool cables have
been received on the floor stating that
after the February allotments, locations
and freight rate fixing, he board of
cotton control of England will be dis
solved. This would mean unrestricted
trading in cotton, so rar as England
Is Concerned.-Shepard Il Gluck.
New York.-Profit taking on near,
Liverpool covering distant; traders dis
posed to take profits before Christmas,
but sentiment bullish.-Hubbard to
Reese.
New York.-Weld advises buying on
all reactions. No particular news. Keep
on the long side.-Cleve to Cotter &
Turner.
New York opinions-Carpenter & Co.
There may be a good reaction. How far
1t may go Is impossible to say, but II
will not go very far. After that the
market Is a purchase for another sub
stantial upward movement. Bond, Nc
Enemy & Co: We expect some reaction
from present levels, but favor buying
on the decline when 1t does.
New York.-Wave of realizing by re
cent buyers together Some Southern
selling caused opening decline; broat
demand evident and looks higher
Gwathmey to Foster.
New Orleans.-About 1000 spots solo
after hours, quarter to half above quo
tations; sentiment favors holiday reali
cation and temporary reaction, but flu
lures yet too much discount.-Clark t.
Cotter & Turner,
Grain.
p; Memphis receipts: Corn, oats ant
. hay, 4 cars each.
Hog receipts: Chicago $4,000, Omaht
5, 700, Kansas City 5000, Sioux Cit,
500, st. Joseph 5000, st. Louis $500.
|" Chicago-Receipts; Wheat 36S, 00(
corn 1871, 600, oats 573 1000, Shipments
Wheat $50, 900, corn 5000, oats 271, 00(
st. Lo~uis-Receipts: Wheat $4,000, cor
43, 900, oats 100. 600. Shipments: Whea
60, 900, corn 1000, oats $1,000.
. Chicago.-Chicago corn receipts yer
small at So cars. Hoover statement dis
y regarded mainly and considered out c
line. Markets are Of a holiday char
- aCter,.
Chicago.-Local comment on Hoover
statement Is one of intense surpris,
His ideas are not credited and his state
: ments are regarded as not embodyin
the real facts.-Wagner & Co.
!, Chicago.-Hoover is credited with tn
amazing statement in England that ag
ricultural margins are so low that
per cent reduction in prices to Unite
States farmers would stifle productio
to the extinction Of consequential e>
port surpluses.-Wagner g. Co.