The news scimitar. (Memphis, Tenn.) 1907-1926, 1918-12-23

when a line may be had on what ten
dcrs are likely to bt.
Perhaps q more significant feature OF
the market is II a outside interest IS
broadening, coming ia on the buying
side, which Is narrowing differences be
tween the lei and distant positions.
Liverpool did not quite measure up to
expectations, but this was not regarded
as unhealthy, for as there is more pros
pect OF getting larger stocks on the
other side naturally prices over there
should work nearer TO q basis with
those on this side. The fact also that
the holiday period in that market will
be one Of several days duration also
helped 10 make prices n little irregular.
Fiuals over there were irregular and
from 80 TO as points to the good, but for
n time the showing vas not nearly so
good as that. Spots were unchanged,
good middling at p. God, with sales 900
bales, including 800 American, Only
LOO bales were received.
FIRST prices in the domestic markets
were firm and higher, for there was
nothing in the news over the weekend
TO encourage bears and shorts were dis
posed 70 cover. Wires from New Or
leans also told Of good business in the
actual there after the close Saturday
at an advance over quotations. The
first price on March IN New York was
q soc, up % points, and after touch
ing : points lower, or 2I.78c. II gradual
" worked up until it reached = S.40c.
There was not quite sc much strength
shown by December and January, but
wires said that large spot interests had
been liquidating their lines therein to
some extent and the public interest was
being placed largely in the deferred OPP
tons on account OF their discounts,
Realizing was freely INDUCED In and
March reacted to 2S.01c. but stiffened
up for a time and recovered to 28. 2OC.
but another sinking spell came, going
to gi.NiC, but again support was forth
coming and 2s. lSc was reached a short
while before the close. Trading was on
a fairly large scale and predictions were
freely made that further material ad-
vance was probable. although II was
thought wise to accept profits on the
hulgeS,
Spot news was that demand was
broadening, but also that the higher
quotations were causing more willing
ness TO sell some.
The weather outlook was not 80
favorable for picking. "a cold wave and
rain or snow being promised within the
next day or so, In fact, lots Of raNl
was reported from the Southwest over
the weekend and some snow this
morning, Encouraging advices as to
the export outlook were received, some
Of the weekly letters saying that during
the past week export bookings were
estimated at about 5I5, 900 bales.
Futures closed lOl to Sc points higher.
tone steady.
New Orleans closed Unchanged to ST
points up, tone steady, Spots were up
81 points, middiing to 30. bUc.
Liverpool is due to come unchanged
TO = points up.
IN the local market inquiry was bet
ter, although the weather was too dark
to enable business to be done salts
faCtorily, Ii is said that more cotton
ia being offered at the higher level, but
nnthinu nTpEgRl tnr ERIR For thu huN
salcs were 1900 bales and quotations
were up so points, middling to soc.
Spot sales, Norfolk III. Augusta 100,
Litlle Rock LIS, Houston l,0S9.