The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-09-15
ROUND THE TICKER
Cotton.

80 NAANN kRAA nAAhaNNAtl aANA AH~
clinea today Sterling II a quarter cent
higher at $A.lS, francs are off 10 een-
times az $40 n marks are off Is
Of a cent at 81. I5.-Shepard 4 Gluck.
New Orleans-Good Liverpool. Prob-
able that South Texas crop damaged d.
rectly by storm and Central Texas bv
heavy rains that Will follow. Next bu-
rcau figures might be affeCted,-Fenner
TO Gustafson.
New York-Dry goods report says;
Cotton goods steady with firmer ten
dency; yarns quiet; prices irregular
New Orleans-The first figures Of the
season on average weights Of cotton
bales have Just been issued by SecreS
tary Hester. He states that bales ay-
eraged during the first month OF the
new season only $685. pounds against
b2l.i7 during the same month last year.
Small bales are accepted by many peo-
pie as a sure pointer 10 a small crop
Shepard & Chuck.
Under date Of Sept. IL e. G. GibbonB
issues the following summary Of cotton
crop conditions. Weather conditions the
past month have been slightly unfavor-
able in the Carolinas, unfavorabie
Northern and Western Alabama Cen
orally favorable in Georgia, Central and
Southern Alabama, Mississippi, Tonnes
see and Arkansas. Serious complaints
Of shedding received from North Caro-
lima and Alabama. Boil weevil damage
reported serious across southern hall uf
Georgia n Alabama, also Mississippi,
Minor complaints OF weevil also reported
from numerous other sections. Many
complaints received Of army worm,
Ticking has become general in southern
sections Of the belt Labor as a whole
seems sufficient. The movement of this
years cotton crop estimated from one
to three weeks behind last season. To
the question, Under normal weather
conditions from now on, how will final
yield compare with last season." An
swers from the Carolinas and MISSISSIPPI
from Georgia and Alabama 10 to 20 per
cent less, II Tennessee and Arkansas
s to 10 per cent increase.
New ~York-Austin. Tex, wires heavy
wind and rainstorm has done great
damage over wide area.-CleHe to Cot
ter & Turner,
san Antonio, Tex, wires: Storm and
heavy rains have destroyed IS per cent
open cotton this entire section; Condi-
lions even worse near coast.
W~ashington-A cablegram from Con-
sul-General Hollis, London, says Sept,
) announces withdrawal of the British
export embargo on American cotton.
New Orleans-Texas likely get further
damaging heavy rains over state by to-
morrow. Houston wires: Heavy rains
over all South Texas, far north rs Tay-
lor; still raining here, Beer.
Liverpool cables; Very steady, little
offering, local and continent buying on
gulf storm, Better spot demand here.
New Orleans-Reports of a higher
spot basis in Georgia are responsible
for the higher trend of the market.
Augusta says that the basis has ad-
vanced 80 to rs points in the last four
days. * G.
Terrell, Tex, wires; Heavy damage
l kNr IAaaalm MARINE nTn Aninu tho
greatest damage In 10 years.
Liverpool cables: Better spot demand
here.
New Orleans, ~ noon-Market ad-
vancing owing very bad weather and
FalEi.
New York-Cotton Ia showing resist
ance to further declines and market
disposed to play for a further rally. II
would seem difficult to obtain 1t UNDER
existing conditions, yet recognition
must be given to the fact that we are
steadily approaching the calendar pc
Rod, where for years improving prices
have taken place. This years crop
movement is very late,-Fallon to 5.
4 @.
New York-Outside conditions against
investment buying; without crop dam
age looks slowly lower.-Hubbard to
Reese.
/, New York-Southern Products 575
Wis, coz, professionals selling absence
support-Clevenburg
New York.-Storm considered over;
bears aggressive, but meeting trade
buying. -McElroy to Cotter 4 Turner,
New York cotton opinions: Orvls
Bros.-The market, we expect, win con
tinue to he sealping affair, VIM. Ray
Il Co.-Buy moderately March son all
weak spots, s. NJ. Weld d. Co-Not-
withstanding the downward course OF
the market we do not advocate selling,
but advise purchases on hood breaks.
New Orleans,--Barometer 20 IS at Del
Rio, Southwest Texas. Looks like storm
likely recurve and work northward
through Texas, probably distributing
further heavy rains and winds.-Beer to
Mcf'all,
Houston wires: Cotton in South and
Central Texas and has been heavily
damaged by high winds and heavy
rains
Dallas, Te~x.-Southern Products re-
port says, Crop letter dater 18TH VIII
say under average date 9Th correspond
ents report weather generally favorable,
though showers needed in northern
counties. Insect damage Increased, Doll
weevil foruhtr north, boil worms active
again, Receipts very light, movement
from week to month late. slight i'm
provement In labor situation. Condt-
tion, Texas SIS, Mississippi 81, okla
homa II, Georgia So, Alabama a, Louis
lana 46, Arkansas SO, North Carolina 80,
south Carolina 6l, Tennessee SO, Mis-
sourl ST. Entire belt 6I9 VS., B0,I dete-
rioration IS points.
New Orleans. -Evidently much dam
age to South Texas crop. and some
damage Central Texas. Rains likely
make insects worse Beer
Grain.
Chicago-oB rien says; short. sell
ing Of corn and oats may keep prices
down for a time. StoCk of both are
iight with primary receipts much under
normal It may be that the farmers may
refuse TO bet go on such a vicious de-
cline. This Is what happened last year.
which afterward was the main cause OF
So corn.-Clement, Curtiss to Neral.
Chicago-Belated liquidation in oats
at opening, demand scattered, Updlke
good seller Of curn.-Babcock to Clark
a. Co,
Grain Forecast--An belt generally fair
tonight, unsettled Tuesday.
C-hicago-Last dip in corn is on ac,
cumulation of . or 3 million cash stuil
at Chicago. Looks as though thefe Is
considerable hedging OF cash now com
ing in.-Wagner a. co.
Chicago-We are told by people II
p~osltlon to be well informed that there
ie 4 tremendous demand for oats iron
the northwest, The latter IS sal1 10 n'
n shipping some oats 10, north tatm,
" coast points, with the known shortage
II IN Canada and out northwest, We be
II iicye oats around 20 and December un
v der 81 cheap,-McWinnon.
If Chicaro-There is not the huylnl
power In the speculative markets ther
was a few weeks ago as the result !
a. The various depressing influences, For
eien exchange remains low and It