The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-09-26

ANNN 4 vi n NlAlfNnEEIEf hhElnH NnO
shorts covering in Liverpool,
Chicago have following from
DALLAS, Tex. Continuous rain. Under.
stand cotton houses here materially
short Of supplies to fill September sales
cotton selling S6tac to SIC from wag.
ons: This was paid to farmers yes.
terday Curtis & Co.
New YorA.-American buying Liver,
pSol' sentiment bullish an advance ex.
Shange; Wall street sold October anC
January ON advance, Hubbard L
Reese.
New Orleans.-Strong spot reports
particularly from Texas.
New Orleans -I.ivernooI cablepran,,
say nothing about the effect ~ tn,
Iallroad strike on the cotton market
WE'D cables Small and steady mar,
ket, Manchester and local huyinE easih
absorbed little scattered hedge sell.
ing. The Increasing scarcity Of con.
tracts was noticeable, IS. & G.
New York, Steel strike weakening
foreign exchange buoyant; real hui
market ahead,-MoElroy to Cotter &
HtllSSboro, Tex, wires; Raining her,
ana damaging open cotton. Worms
nave eaten all leaves and forms"
Dallas wires; weather extremel,
bad. General rains. Crop win be muci
smaller than that of last year"
New Orleans Looks like very un.
settled weather man, bad spell
weather over Sunday. -Kofler.
New Orleans.--There has been heay,
nuSlhR on the National Ginners' re.
port OF l,fSO GOO bales ginned TO Sept
70 against S770,6ll to the same DAT.
last year This bureau PUTS the con.
ultloh OF the crop at 81, or 4 OF a potnI
under last years record low percent.
age OF S4.4, and says that the aban.
comment of acreage amounts to 4Ie pc,
cent wv
New York--Northern mills threatened
WIN a strike, but market here firm
ana few sellers, Expectations of n very
oulish government report next week
ana Liverpool action general sur.
prise The big interest is supposed tC
pe holling the market. --Fallon, of Wag.
ner & Co.
- New York Reports to Journal Of
commerce IRON Arkansas say the sea
son two to three weeks late with ahout
IL per cent gathered. Condition viii
not show any great deterioration from
month ago when II was 66G per cent
IN Louisiana condition has deteriorated
considerably since last report. when II
was o16 per cent, owing chiefly &c
worms and boil weevil Less than hall
NE normal crop Is expected. II /,
aneut three weeks late, and picking Ii
uinN 81 per cert completed, against 81
last year In Tennessee tile season Is
very late and worms have done con.
siderable damage, Picking is about il
per cent gathered comnared with % pel
cent last year. Condition has fallen ofi
considerably since last month when Il
was u per cent and will be about the
same as year ago at this time when
II was 6t,3 per cent, Top crop pros.
poets are poor and an early frost would
cause heavy damage.
New York.-Weld & Co; We have
but are inclined to favor purchases or or
good sethacks
NV orleans-Liverpool SURPRISINGLY
STRONG. Probably due to end -of- month
calling, Market needs stimulus, recent
ADVANCE due mainly to September spot
shorts covering owing TO lateness Of
crop Would sell on bulges, ~-Schneider
OF Shepard a. Gluck.
New York---Cahles this morning should
satisfy the bulls, being az points highe,
on, spots with futures about 30 noInts
better than due The steel strike il
petering out, and Judge Gary's atti.
itude meeting With approval ~ the nth
nc Labor is threatening strike In the
hhe.hlehem plant. Foreign exchanges
haa an important advance and silver
a dominating feature, Manchester adj
vices are more encouraging and cror
news OF a decidedly hullish color --Fal.
Ion to Shepard q Gluck.
New Yorls~-Strong spot adylces and
higher LIVERPOOL followed by active buy
ing here, with market absorbing heavy
realizing at advance, ---Gwathmey Ia
Foster. "
New Orleans--Just received messnse
that the ENGLISH railroad strike ID Or.
dcered for midnight II also explain.
the sudden drop. OF nearly 30 points n
Liverpool toward the close, --kofler.
New York English railroad men hays
voted to strike. according to Liverpool
New Orleans Think market high
enough Tor present, Believe taking
proIlls' Ruhlored big railroad strike
McFall. W
New Orlcans~Jrhe decline on the
strike issue rumor In England was
snort lived and the market has recov-
cred all OF Its decline, there seems 10
pc large covering movement on pend
ing the government report to be is
sued Oct. Beer to McFall.
New York-Wall street chief buyer on
this advance; no particular raws, but
IDEA that government Indication may
DC only ten million Is having effect. -
Cleye. to Cotter n Turner
New York Wall street who took
profits early, re-entering the market
ana found very little for sale, causing
q sharp advance, Thompson & Nc
kinnon to Clark & Co.
New Orleans~Spot news from Texas
continues strong Offerings readily
taken at full prices and high basis paid.
Good inquiry here. Market probably
be quoted half cent higher. Strong re.
ports also coming from retail goods
trade New York says people buying
anything that liz put out. and price
seems no object, --7Kofler TO Clark a. Co.
New Orleans--~Thus far the English
railroad strike has had no III effect on
cotton, The buying at the moment APP
parently is due to the sharp bulge In
English exchange. which Is equivalent
to nearly 81 a bale on cotton.
Gibbons received the following wire
from Corsicana, Tex. Heavy deterio-
ration In crops condition cause too
much rain, worms, and weevil, esti-
mate Texas condition ~; aklahoma 6g;
estimate Texas crop 100000 maxi
mum; Two and three-quarters mini
mum; Oklahoma $4,000; doubt II Texas
mas gained half million; raining slowly.
j, w Ray.
New orleans--M Market Is sustained by
reports Of good spot demand In the
interior kilograms reaching here
from North Texas claim that from 3S
to 40 cents was paid for cotton last
night that had inch and one eighth
staple, Local spot men say that In
spite Of the strong bulge Of this week
basis Of r. @. p, cotton has not broken.
but Is as high as when contracts were
q couple Of cents pound lower. Dal-
las wires: Buyers paying 80 cents
here" Another Dallas message says.
I'VE understand there are houses here
who are short large quantities OF
spots. IS. g. q.
Grain.
Mamnhia rappiuts' Corn q nate aud