The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-10-17
ROUND THE TICKER
Cotton.

New Hork-Lsrgc number cotton bills
IN foreign exchange market last few
days may point TO larger exports
Clevenburg to Cotter & Turner.
New Orleans-If spot demand let's up
market likely experience sharp decline II
only temporaTy.-Beer 10 McFall.
New Orleans-Liverpool 10 to - IN
against unchanged due. SPOT demand
sun strong, dali sales Is, 400 bales Rus
sian news in favor OF allies and defeat
OF Shantung amendment in senate,
probably We're stimulating factors In the
English market, and a. find hullish
expression on our side. Washington
says presidents condition much i'm
proved. Technical conditions unfavor-
able and the basis for reaction selling.
Rlumor current Of large speculative long
interest in spots,-kofler.
Austin, Tex-Route Fort Worth.
Temple to Austin, heavy rains fell
thursday all along everything was
damage to cotton, but unless we get dry
weather real soon cotton win rot in the
fields; a cold north wind blowing to-
day, w, Ray, Yields traveller,
New York-Washington news bulish.
indicates early peace ratification apG
successful outcome industrial conference
ending strikes; keep long cotton.-Mc-
LIoN 10 JOtIer q turner
New York-Opens quiet with outside
buying: March looks higher, as no
heavy hedge selling; traders not so
DulllSh, thinking market full Of con-
tracts.-Hubbard TO Reese.
New York-Traders feel market will
not absorb this hedge selling with clear
weather.-Hubbard to Reese.
New York-Liverpool cables: Con
ttnental and trade buying, little hedge
selling, little long liquidation around
Z2.50d; good spot demand, very steady
market or continued poor crop acl
counts,-Wcid to Gibbons. \
New York.-Conslderable realizing
going on--may go somewhat further,
but we have good break would buy
lt'--GWathney to Foster.
New Qrleans.-The market is steady
enough, but is not feeling any very ag-
gressiVe buying. In some spot quar-
ters 1t Is claimed that the spot de-
mand is falling off and Dallas sales
Yesterday of 800 bales are pointed to
as proof of it, This probably means
that first half of October commitments
are covered, but it does not mean that
end of October. Bearish traders arc
inclined to sell short on the better
weather outlook.-S. G.
New Orleans.-Reacted on selling on
'N"NbN ouAiOOhg tADtCl1'IOn VI
tension IN spots becoming partly re-
iieved with better weather for harvest
ing OF crop, weaker technical conditions.
However, spots are firm, although de-
mand seems less aggressive and with
futures at such discount under spot
prices, the contract market could de-
Nelop good rallies. Think a purchase on
reactions for moderate ralIy.-Kofler to
Clark & Coz
Houston, Tex. wires. 'The demand
for spots from Europe Is slow and at
nothing like the prevailing basis. The
local Memand from shorts seems to nave
eased somewhat"
New York.-No special feature: rath-
er free realizing at advanced and may
get some recession before completed,
but good general demand continues and
ton very steady,-Gwathney toSFoster.
New Orleans.-On reaction in this
market the difference between dis ant
and near positions would narrow, but
look eventually for increased discount.
-Kofler.
New Orleans.-Crop conditions grow
worse, demand spots keep up, higher
market in prospect.-White to Gibbons.
Washington.-Senate today adopted
resolution directing department of agri-
culture to make a new survey of pros
peCtive cotton crop, which means the
report will be issued about Nov. 2.
Exports from Aug. ! to Oct. II show
following: Great Britain, 1873. 81 VS..
424,44 and 1853, 52S two years ago.
France, 72,6lS VS., 1913, 74S and 1882.
Continent, 4l0,641 VS., 265, 377 and $50, 456.
Total 916, 40 VS. 1854 and 1,1S7,S16.
Houston wires: There is no slacken-
ing in demand; every bale of middling
or above is promptly sold; think pur-
chases would be much larger, but ow-
ing bad weather not much cotton Of
fered.-Weld to Gibbons,