The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-01-22
ROUND THE TICKER
Cotton.

cause traders expect reaction and meet
outside selling Of July and October;
they hope for better market.-Hubbard
to Reese.
New York-Large exports yesterday
helped the market and the seasonal
C~learances which at one time were $780,
goo behind last year are nov only 50 900
behind. Tonnage Is increasing with
lover rates and expansion Of exports
should result, All seem waiting to buy
at bottom prices, October At around
20 cents rs attracting considerable at
tention considered safe enough to
begin absorption-FailOn TO Shepard q
Gluck.
Ned Decentralization wires still
no signs Of weakness among spot hold
eTs.
New York.-Of course spot holders
are the answer, but liquidation here is
pretty complete, and temporarily be-
tween times we can easily hold a while,
-Eustace Hubbard to Reese.
New Orleans reports the clearance of
another 10000 bales of cotton for
France, bringing the total movement
for the day out Of this port up to As
l47 bales. There were no exports from
any port this day last year.-Shepard
& Gluck.
bad weather, strong sentiment against
beaIsh tactics, bullish mill takings FRI
day, better dry goods reports; think
bulltsh turn market near.-Clark to
Cotter & Turner.
New York.-Schill and Hicks leading
sellers; looks like South selling; buying
scattered.-Clevenburg to Cotter &
Turner.
New York-McFadden, brokers buy
ing; Mitchell buying March-Robertson
& Co. to Hancock.
Nav nrlaa nc -I iyappOpl ,ab1a, haitian
tone; less offering. Local traders buy
ing he distant months on the strength
of the contract and big discounts. We
expect, with a steady market during the
next few days, a distinct Increase in
Manchester trade.-Shepard & Gluck.
New York.-Some belated liquidation
still evident, but tone much stronger
buyers; inclined to expect further inn
provement.-Gwathmey to Foster.
New Orleans.-The weather map
shows n storm coming up out of the
gulf and spreading over Texas. This
will probably cross the belt, bringing
more rain to an already soaked soil and
causing further delay to farm work and
preparations for the new cotton crop.
4 storm warning has been issued for
the Texas coasts, Commissioned Of
Agriculture Wilson. of Louisiana, is out
with a statement urging farmers Of the
state not to increase cotton acreage
this year, but to plant as much land as
possible to food crops,-Shepard &
Gluck.
New York.-Keiffer moderate seller;
Orleans locals selling; Mitchell buying.
Robertson to Hancock.
New Orleans-Stocks of cotton at
United States ports today are, for the
first time this season, smaller than they
were at the corresponding date of last
year. At the first Of this season .they
were nearly half a million bales larger
than on the same day Of the preceding
season, Today total port stocks are
l,4O3, 1871 hales, against l,432, 40 a year
aEo,-Shepard & Gluck,
New Orleans-The attitude on the
short side is that the firmness this
morning simply furnished Il better sell
ing basis. Bear sentiment still domi-
mates and is the only explanation for
the selling now being felt.-Shepard &
GluCk.
Grain.
Memphis receipts; Corn s. oats 90
and hay 2S cars.
Hog receipts: Chicago 1900. omaha
$1,000, Kansas City 10000, Sioux City
5000, st. Joseph 1900, St. Louis,
Is, 900.
corn 392, 600, oats $50, 900. Shipments
Wheat SO, 1000, corn SO, 900, oats 3O7, 900.
st. Louis-Receipts. Wheat So, 900,
corn 1875, 600, oats 1870, 900. Shipments
Wheat IS, 900, corn 1870, 900, oats l12, 900.
New York-What a s%currying Of
shorts there would be next Wednesday
morning If the Steel corporation di-
r~eCtors vote the same dividend they
did three months ago, and this Is just
what may happen. Scale down buying
Of u. s. Steel yesterday was reported
of the very best-Hensley.
~Chicago-The phantom of light corn
supplies at Chicago has %reappeared and
the food leaders desire a 17h -cent hog
and hog prices is melting. The b~ig>rail
wages and moves to feed Europe free
are under fire,-Wagner & Co.
~Chicago-Lot Of talk here about the
| $3.50, GOO, 600 credit given by Argentina to
the allies, indicating their cheaper eX-
port grains; etc2 be IEiyen preference
Wheat All ,000, corn 10000, oats 226, 600,
flour 10000, wheat and flour 726, 0O0.-
Wagner 4 Co.
New York-Reported vessel room
taken for a million bushels of Argentine
| corn to come to the United States.
Bartlett Frazier selling Corn-Wagner
& Co.
~Chicago-Corn market weak on the
war against high prices. Living cost
row has reached congress and consum-
ers of corn and oats appear to be ire
mendousIy affected. Looks as though
they are withholding their orders. AL
lies are buying in cheaper markets,
Locals have very little confidence in the
hog price, Buying demand in corn very
poor this morning, outside of shorts
buviug from time to time. Many re-
ports that the country will hold its corn,
but Il successful policy of this kind Is
considered impossible by many.-Wag-
ner & Co.