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

Cotton,
Ne" York-Good buying from Wall
street n locals,-Hubbard 10 Reese.
Ne" Orleans-Hew York wires good
nIGaAet. good class buying; consider
sue wanted all reactions.-Clark TO
Cotter a. Turner.
Ne" Orleans-Passing of bureau esti-
mAle RODS market Of one OF its chief
aoutcee OF support, and while we eE-
pect no collapse in values. think cot-
Ton and all other commodities which
we're lhIlated by reason Of conditions
aIls.ns out OF h war are destined TO
klhouallg settle to a normal basis
Ellis q Co. night letter.
New York-S. M. Weld g. Co. For
me Time being look for a fairly sub
c 1919 2 and consider that pur-
masses on FAIR breaks will prove profit
aole. Il. f: Hutton g. Co: Until there
- more evidence Of a better trade de-
hahd we stu advise sales on ali rallies,
New Orleans-General suspense holl-
uay period probably used for further
feactionary efforts; bearish conslmp-
t,oh census saturday, but favor buying
vlctlon eventually hlgher.-CiaTk 10
Cotter & Turner,
New York-SOme Liverpool and South
sOld' with Wall street and local buy
ing market quiet, small bmSineSs2
Hubbard to Reese.
New York-Yesterday's unexpected
large crop estimates by the government
caused free selling by the rank and file,
put tnis mornings cable shows the
Ehgllsh market as under different in
nuences and is some 80 English points
better than due on the near months
out less on the far. A besrish feeling
exlsts ana considers itself strongly in
trenched on basis OF d~eflation In gen
eraI-Fallon to Shepard G. Gluck.
New Orleans-Our information points
10 considerable short Interest in spots,
-Fenner to Gustafson.
New Orleans-Greenville. Tex. wires.
Boliy crop this section will amount to
nothing; holders say expect TO keep
their stocks until spring or get higher
prices, Shepard & Gluck.
New Orleans-The esti-
mates the value OF the cotton crop this
year at 1856, 207, 900. Including seed
iinters, the total value is we'll over
Now Orleans-The market liz doing
better on the realization that while yes
terday's crop estimate was larger than
expected, II does not represent a large
supply OF raw material with which to
meet the peace needs OF the world
Texas spot accounts are much better,
Houston wiring That hedged cotton is
about gone and that the export outlook
is brighter. Weld, New York, wires;
Good trade buying here and unless the
South let's go further a recovery is
certain. shepard & Gluck.
New Orleans-We think present prices
low enough and that adverse factors
have been discounted. We think the
mills and exporters will be more willing
to buy from now on. Futures are al
| 100 nIQ n hlHnnnnf nnhAr 0Rata TTRInau
spots weaken we expect a substantial
reaction. We think all weak long inter
est has been eliminated.-Fenner &
Calling Beane night letter to Wells &
Gustafson.
New York-Liverpool and Japs selling;
Gwathmey, Weld n spot people mod
crate buyers; outside speculation con-
t%lnues light; majority sentiment friend
.y:-,Cleve to Cotter & Turner.
New York-Mills complaining about
surplus war stocks and unsettlement,
put buying cotton McElroy to Cotter
& Turner.
New Orleans-The demand increasing
on reports of n big short interest in the
spot OBSERVATION-DISCLOSURES g. Gluck.
New .Orleans-Morning opinion: Liv-
erpool Is better than due, and unless
should steady Itself. Bearish consump-
ton figures are expected Saturday
morning Shepard 4 Gluck.
November summary OF rainfall for
Texas: The average for the state, as
shown by the records or 1889 stations,
was AS inches. The mean departure
from the normal for 1lS stations hay
2,26 inches. The greatest monthly
amount was 1908 inches at Stephenville
and the least, 0,23 inch at layton. The
greatest amount In "a consecutive hours
was 760 inches at Kopperl on the 18TH.
The greatest monthly amount Of snow
fall was 1870 inches at Buena Vista.
The average number or days with 0 81
inch or more OF precipitation was I
New orleans-Houston wires; Party
investigating holdings in Texas finds
IS per cent held stock in farmers
hands. Hedged stock In Houston about
gone; a~ccumulations against commit
ments moving rapidly; export outlook
naming rate, offer to book room early
January steamers Liverpool-Fenner to
G~ustafson.
New York-One hears nothing but
hulllsh talk, principally because OF large
discounts and belief trade demand will
slowly improve; can not myself see any
bull speculation until conditions in all
talk about getting back to a peace
basis upon which to start business
S. T. Hubbard to Morrow.
New Decentralization clears 1879
bales OF cotton for England today and
Savannah clears 10, 223 bales for Frsnce
and the continent. a total thus far OF
81, 362 bales, against q total this day last
year OF 7,5l4.-Sherard g. GluCk.
Grain.
Memphis receipts: Corn 3, hay 8 cars,
oats none,
Hog receipts: Chicago, 10000, Omaha,
14,500: Kansas city, $4,000. Sioux City,
II 500; 81. Joseph. 1880; st Louis, "a
900,
Chicago.-Receipts: Wheat, 265, 900:
corn, $40, 900; oats, 500, 900. Shipments
Wheat, 235, 900; corn, 1900; oats, $685.
600.
81. Jouis.-Recoipts: Wheat. 1900;
corn, 1000; oats, 5000. Shipments;
Wheat. 136, 900; corn, %, 900, oats, 20, 900.
Chicago,-Government complete sur
prise; no one expected over o 1000. 900
change; this makes smallest corn crop
since 1918 and basis for cheap corn
ceases TO exist; the tendency will be for
futures TO get closer to cash prices
instead of cash prices declining TO fu-
lures, under new crop movement oats
will sympathixe with corn strength
King Farnum a Co. to Reese.
Chicago-The government on corn
does not sustain current claims that
the yield is turning out much below the
indication Of a month ago. The yield
bushels per acre, while the final yield
l nnu rnpAntnd 10 "a hnQhAlp xaa1Ataa