The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-06-06

ROUND THE TICKER
Cotton.

weather caused further short selling
end little scattered liquidation; also
been lot short covering; Bartlett bought
about five thousand October and APP
paTeHtly warts more.-Delancy to Cot
ter & Turn.
New York-Mitchell, Gwathmey,
Fearsall laying expect sharp raliv, but
scalpinE markets for a while.-McElroy
to Golfer 4 Turner.
New Orleans-Dry goods reports
luieter n r~eaetionary tone, New
York says reports from goods trade
say that financial interests are warn
ing buyers against over enthusiasm at
present levels. Second hands we're Of
fering goods at substantial concessions
Production Irregular and deliveries slow.
Clark & 60.
New iork-Cotton opinions: j. S.
Bache-PurChases on further declines
seems safest. Considering the gloomy
outlook for the crop and the indica-
tons of a mere or less steady trade
demand. j. W. Jay-The trend from
iris level viii depend partly upon
Neither conditions. Hutton & Co
The market viii. undoubtedly have
digested the recent liquidation before
there can be any material improvement
in prices. Carpenter-It looks as if
the bottom has been ouched and we
may expect them to come back into the
market as active buyers,
| New York-Cables this morning are not
encouraging to the bull side, OF course,
the Whitesuntide holidays, which are
essentially a Manchester feature, are
no3 at play. but with all allowance
| for that 1t is also In evidence that the
demand for goods Is much quietert on
both sides of the water,-Fallon.
New York-Not the pressure expect
ed, Liver pool sold early, but buying
on decline; traders expect more liquida-
ton; South selling Hubbard to Reese.
New Orleans-Consols quarter higher
At 54A. Market quiet with buying for
rallies after big decline, but no pro-
nounced support and expectation rather
for further reaction.-Clark & Co.
New York.-It win take continuous
short selling to prevent advance. Mills
see end OF liquidation and will leone
back into the market all together.-Mc-
Elroy,
New York-Weld brokers SOLD market
off. Wall street selling and more out
side realizing.-Hubbard TO Reese.
New York-oferings now very scat
tered; mills absorbing the contracts;
market acting well.-Delaney to Cotter
& Turner,
New York-Room long, expecting raj
ly before Sunday. Unless South sells
should rally.-Hubbard to Reese.
New York.-A local spot man sails it
a world market here. The crop at the
moment, he says? does not indicate a
yield in excess Of 1000, 900, which is
Il small crop compared with the worlds
needs, which he does not believe Is dis
counted in present prices. He says
there are foreign committees in New
York simply waiting for the signing of
Of peace to secure credits and buy cot
ton. In some cases credits have al
ready been secured and purchase are
under way.-Pearsalls.
New Orleans.-Shepard & Gluck had
the following wires: St. Matthews, s. c.
Fields in the Carolinas are extremely
grassy; under the most favorable con-
ditions It will be the shortest crop in
several years. Ennis, eTx.-Although
farmers are behind with their work,
they can put the crop in excellent con-
dition with a week of fair weather such
as now prevailing. Greenville, Tex
Farmers are telling Of lice and worms
destroying cotton so that some fields
will have to be replanted; nights too
cool.
Liverpool cables: We think spinners
for next tire months, therefore advise
caution In buying If you expect to sell
Liverpool.
New 9or.-The West was, a consider
able seller on the opening decline. Liv-
erpool was a seller of October and
March. There was also scattered
Southern selling and liquidation by peo-
pie who had carried their contracts
over yesterday, The prospects are for
favorable weather over the week-en
and about the only buying in evidence
was covering and a little demand from
trade sources.-Pearsall
New Orleans.-It is said that spot
houses have been picking UP consider
able July cotton on the decline today.
with July trading under 20. sec middling
spots stand on the boards 81. 75c. Total
receipts at all United States ports today
are 40,528 bales VS.. 1890 this day last
year. Total exports are 2S,37S, against
1884 last year, For the week exports
are l06,511 VS.. 1920 this week last
year,-Shepard & GlucK.
New Orleans.-Texas reports one
week Of good weather would put crops
In good condition. -Fenner to Gustaf-
son,