The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-10-06
ROUND THE TICKER
Cotton.

efS expect large foreign demand VIII
revive speculation IN commodities, which
| doubt because general pressure ia
yors lower prices i'm everything $ r.
Hubbard TO Reese.
New Orleans-Thc advance was
checked by realizing by longs and fresh
selling for short account the latter be
ing based on the belief that unfavorahle
spot news will work against the mar
kct. Foreign exchange is stronger. ster-
ling being two points up at 42lIg, and
francs one point up at $50, while marks
are unchanged at 4,l5.-Shepard 4
Chuck
New Orleans Market doing better on
reports Of an improved spot demand
In some quarters Il is claimed that large
amounts Of spots have been sold for
october November delivery at too low a
basis, Cuero, Tex. wires; Good de-
mand for spots at $50 on Dec. but very
little selling, shepard & Gluck
New York--Liverpool buying, McFad-
den selling traders bullish, hut nd-
Nances cause them to realizes. r,
Hubbard TO Reese,
New Orleans--The market opens at
wide advances on settlement OF rail-
road strike In England, better outlook
IN the steel strike situation In this coun-
try, the better condition OF President
Wilson and the heavy and general rains
IN the central and western portions Of
the cotton belt-Shepard \ Gluck.
New York-rhe ban ON shipping to
England has been lifted.
New Orleans-Marlset opened so to
lsO higher on settlement of English rail
road strike, which should mean in
creased spot demand and exports. Very
bullish weather,--Kofler.
New York-Freer offerings Texas on
lower basis may offset strike settlement.
Nc Elroy to Cotter A Turner
New Observation-Disclosures should he
taken of all declines TO buy cotton as
weather outlook unfaVorable and COM
plants of lowering of grades coming in
from all directions, and shipments TO
England will soon he resumed which
viii likely cause more urgent demand
for spots TO fll October commitments.
Beer to McFall,
New York--For the immediate future
we have no strong opinion on the mar
ket, but we have inclination to believe
that purchases ON easy spots viii prove
profitable
New Orleans-Return of bad weather,
coupled with settlement of English
strike, caused active short covering
considering realizing on ADVANCE,
p, Ellis a Co,
Government predicts frost probable in
Texas
San Antonio, Tex, says: Heavy rains
this entire section since this morning;
sim raining,
New Orleans-I think that there Is n
large short interest carried over from
last weeks strike trading, and that
there Is large short interest carried
over from last weeks strike trading
and that there Ii much yet to cover In
New Hork-Kofler to Clark & Co.
New Yorl1-Strong Liverpool on settle
ment of strike and continued bullish
weather conditions, followed by short
covering in this market; tone firm
Gwathmey to Foster,
New York--We are very hullish on
market, but would not follow strong
advance. --Gwathmey to Foster
New York--Departmen Of agriculture
| has ordered drastic cuts made In prices
of fertilizers. Great crowd OF pro-
duCers at Washington today to protest ,
| unless order Is rescinded new price take
effect Oct 0, Producers claim new
prices below cost OF production.
Chicago-Cotton will sell at 80 cents
| for December in New York this week.
| Allan NJ. Clement to McFall
New York wires: Expect sensational
advance"
| New Orleans .ocal freight agents
busy booking room for exportrs.
rumored ocean freight rate likely to be
advanced owing demand for room,
| Spots here reported firm, probably 80
to rs higher to buy owing advance In
futures.--Beer to McFall,
| New Orleans--ISains delaying pick
ing, Farmers financially independent
October commitments thought to be
heavy. Current ideas Texas crop 2,150,
900 to 100000 bales. Don't expect any
pressure spots, declines will be fought
New York-Liverpool cables VERY
steady, some hedge selling, heavy short
covering, general buying trade and con
tinent on settlement strike and Inn
provement President Wilson, Weld To
Gibbons.
New YorIi--Liverpool buying on frost
local traders more bullish,--S. r. Hub
bard to Reese.
New Orleaus--Tra ders huIlish but adj
vance causes them to realize, Beer tC
McFall.
New Orlaens---English consols g.
Spots ought to he quoted 80 to 76 points
higher today Spots are firm here. lit-
tie offered and high basis asked
kofler.
New Liverpool buying caused
last sharp advance. They cable expert
big trade demand now strike situation
Is improved Newman Bros. to Gus
tafson.