The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-11-07
COTTON MARKETS
ReaCtiOnaTy Tendency Con-
tinueS, But in Limited De-
gree-CableS Are Good.

Some disposition 10 react was shown
in the market today, although it at no
time went far and it followed an early
rise Of a few points. Cables were sat
isfactory and reflective of anxiety on
the part Of the foreigners as to their
raw material supplies. but over here
some liquidation took place, only to be
followed by higher prices when there
was some good news from Washington
as to prospects for ratification Of the
peace treaty and for the early settle
ment Of the coal strike. These latter
two factors were occasions for some
fresh support, but there was lacking
any indication of aggressive buying.
The entire affair displayed some signs
of being track worn, to borrow a racing
term.
The weather map showed eloudiness
over practically the entire belt, but no
temperatures low enough TO hurt. A
few stations reported it raining or light
ones over night, but the prospects were
not for any immediate or assured bad
turn in the weather. 4 big low barom-
eter area in the West suggested some
danger of bad weather In a few days,
with possibly a cold wav to follow, but
this was not near enough to occasion
any alarm. The holding off of frost is
believed TO be adding to the crop and
traders are awaiting the government
census report on ginning tomorrow TO
shed some light. 1t will come at the
opening.
Liverpool was due to come slightly to
the bad, but instead was much better,
and cables said the strength was due to
fear of further interruption OF raw ma
terial movement from this side because
of coaling troubles at American ports,
Later in the session some recession in
- Alaaa aItnNINW Ia TIM nnnE
months, and finals were quiet but STEADY
at a net gain of ) to II points. spots
We're marked up 2 points, middling TO
rs. Sod, with safes 5000 bales, mclud-
ing 7,400 American. Receipts were only
1000 bales. Manchester advised thai
cloths were steady and business large,
while yarns were strong with a fan
turnover,
First prices on this side were steady
| and moderately higher, March in New
York being up IL points to 36.5O
| Strength was limited and some liquida
ton came. encouraged by coal strike
| news and lack of snap to support, The
option dipped to 36c and recovered mod
erately, and later sold to 1898. but OIL
| ferings subsidized n then came slow
! recovery, The news from washington
that President Wilson had agreed tC
accept reservations to the peace pact
| thereby increasing chances OF its eariS
ratification by the United States, slim
| ulated some buying. Then came adVice'
| telling of better prospects for ending
the coal strike, the result Of the com
bination being a rise of March to S6.4,l
after which came another sinking spell
Spot news during the day was rather
scarce, but hone said there was any
weakness. The edge however, seemi
off and indications are that there VII
be a period of waiting to see what Il
going to happen and to get better I'M
on tpF effect of the recent bad weathe
and that likely, to increase yield OF tn
late crop. -.
FUTURES closed five to As points off
tone, easy,
New Orleans closed eight to al point
off; tone steady. Spots We're unchanged
middling at 40,50c and sales were 4,45'
bales.
Memphis sales were l,S00 bales am
quotations were unchanged middling
at 42c,
Weeks sales here were 1850 bale
and estimated stock unsold in tn
hands of factors is SO 1000, compare
with III, 900 last year and sl,Ooo Il
1917.
pared with 81, 900 last year m 900
in 1917.