The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-03-20
ROUND The TICKER
Cotton.

New York-Would buy July and OCto-
Der cotton on sharp breaks only, but
would not neglect TO take profits OF any
sharp advance.-Josephthal & Co,
New York - Lacol trade seHing:
bearish on way; yesterdays rally won't
hold narrow market.-Hubbard to
Reese.
New York - Recent buying enthu-
siasm has been based partly on hopes
and partly due to the forced liquidation
OF old style contracts by the Lever
amendment. While the liquidation Of
old style contracts has been practically
erected. the advance based on hopes is
not yielding the fruit hoped for, as
the demand from either mills or eX-
porters does not expand to the proper
tions expected, while the South shows
a desire to sell more freely.-Fallon to
Shepard & Gluck.
New Orleans-The census report
showing a total this last season of H.
sS8, 1870 running bales, exclusive of lint
ers, is bearish on its face. because il
compares with II ,24S, 242 bales sinned
last year and 1853, 915 bales two years
ago However, compared with bearish
expectations II is bullish, for the bears
expected as high as II. 200, 600 bales and
some Of the selling Of the last few days
was done to discount such guesses.-
Shepard & Gluck.
aNtN h-IOCdlH Sill III 30 NttA
unnoticed, Looks like new advance
starting. -McElroy to Cotter Il Turner.
New Orleans-Ginners about as ex-
pected. Two steamers allocated to this
port. Some buying of lower grades for
Italy; good exports today: change to
bad weather indicated.-ClaTk to Cotter
G. Turner.
New orleans-Shorts plainly do not
Ike the census figures on ginning, n
are covering -Sbpn1T0 " (Tlupk.
New York; think market will do
better. boys getting short and acts as
4 buying orders under markets.. 7.
H.. Jr.. to Reese.
New orleans-The official forecast
calls for fair weather in the eastern
half OF the cotton region and cloudy
weather in the western half, with rain
probably in West Texas and West Okla
hoIna.
New York-Cotton opinions; Hutton
& Co.: we still feel that until there
is improvement, both in the political
conditions abroad and domestic goods
trade market, we are not likely to have
very much higher prices for the pres
ent." Bond, McEnany & Co; While
European conditions exert an unfavor-
able influence on cotton we think it
should be bought on all declines Car
penter & Co: The upward movement
has been resumed and we expect it to
continue for some time
/ New York-Liverpool and Mitchell
buying, but offerings free; looks like
might ease off.-Cleve to Cotter & Tur-
ner at 9:1S am.
New York-Ginnings somewhat less
than expected. Better spot demand n
good exports reported.-Fenner to Gus
tafson.
New DEMONSTRATORS bought on
satisfactory peace news, large exports,
increasing spot demand. particularly
low grades, and expectations early en-
try into market by domestic spinners.
-Fenner to Gustafson.
New 0rleans.-The decline appears to
be due to shorts taking a fresh grip
on the situation. Some bearish traders
are making much of the fact that New
Orleans is now receiving cotton from
New York. Yesterday 81 bales came
in and Monday 1,535, the latter con-
signed to McFadden. This appears to
be the cotton that is going on March
contracts here.-Shepard & Gluck.
Evander Lewis, in his crop estimate
last fall, with 1888, 8SS bales, only
missed the final ginning figures by 1850,
which is some close guess, say members
of the exchange.