The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-05-21
ROUND The TICKER
Cotton.

NeW 'rleRns-Weekly report can he
.aled very satisfactory since they say
~ ITsg9ent rains were unfavorahle in
LeNaS n oklahoma, nights too cool In
HeoFgis, while slow growth and grass
are reported In Mississippi and eN-
SSsSlNeiE wet soil IN South Carolina
AlaoHin" reports condition and stand
GENERALLY satisfactory, North Carolina
Iels OF good stands and cultivation un-
ueI way. and louisiana reports good
progress, Arkansas is rood-Sbenard
" GluCk.
Ne" Nork-Weld would buy on any
setback, that seems to be only thing
20 90 the big people here are under
me market-Clevenburg to Cotter 4
New Nork-Considerahle local selling
CONS on, playing for reaction, but
Suh | think II Will go much further
Gwathmey TO Foster,
New iork-Look useless to buck ad-
vance, outsiders now In controL-Mc-
Elroy TO Cotter 4 Turner.
New lork-Improvtng weather over
tne be!t causing some selling, The par
tleS who have been the chief power be-
nlha the market were openly advising
purchases, hut such information is con-
sldered tishy. The frenzied market
Yesterday may denote the end OF the
campaign GENERALIZATION.
New Orleans-Market very erratic
TINS morning Liverpool cables: Con
taken by the trade" Houston, Texas,
wires The basis Of factors cotton
broke at least so points yesterday. No
demand owing all Galveston freight
ulled Shepard & Gluck.
Chicaco-Apart from all bull talk.
there begins to be a good deal Of shak-
Ing OF heads over the rapid advance,
Exports Will not jump upward right
AFTER the peace treaty Is signed No
use trying to kill the crop in May, is
another remark The rise in any case
mas been great. So far from cotton be
ing too high, not a few argue that it
has been neglected in a backwater and
is only now beginning to receive its
merited recognition as a hullish propo-
sttion. The French commission. It Is
said, bought July very heavily yester-
daN.-Journal Of Commerce.
New Nork-Cotton opinions: Moyse
d Homes. We are afraid that those
who expect too much In the way of a
setback may miss their opportunity of
profiting by the present upward turn,
which we expect to go further. Bond,
McEnany & Co: Cotton is considered
to have Jagged behind other cemmodi-
ties and operators are buying II on the
theory that there is still room for an
advance, Hutton & Co: Sentiment is
still strongly in favor Of the market
and for this reason contracts are linn
tied.
New northumberland Scales out of
market, thinks high enough and every
thing discounted -Clevenburg to Cotter
& Turner.
Newberry, S. c., wires; Crop pros
poets gloomys. Grass and weeds are
taking the fields"
New York-FTench decree yesterday
removes restrictions importation raw
materials into France.-Hubbard to
Reese.
New York-Quiet, Liverpool sold,
some realizing traders expecting reac-
ton any moment, but fear usual strong
support-Hubbard to Reese.
New Orleans-Weekly not as unfa-
vorably as expected. Houston wires us
spots selling lSc above yesterdays
prices,-Fenner to Gustafson,
New York wires; Considerable SELL
ing to realize
Y Fort Worth and Dallas report appear
ance OF the ARM worm,
Corinth, Miss Much young cotton
dying Fields grassy and much acre
age will be abandoned II the rains con-
tinue.
New Orleans-New York wires: Fur
Their large sales Of cloth have been
made and there is a general scramble
for goods Of all descriptions. The ex-
port demand IL increasing slowly, but
steadily ~ Shepard & Chuck.
Greenville, Tex. wires: Weather
entirely too cool for cotton this sec
ton; plant doing no good"
New York-wave Of realizing found
insufficient buying orders; natural re-
misunderstanding.
New Orleans~~Market running up OF
expectations OF a rise in spot quota
tons, perhaps to 80 cents, on a few
sales made yesterday after hours, but
| spots are quieter today, The decline IN
exchange rates Is against business; also
indicated delay with peace treaty
Clark.