The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-10-21
ROUND THE TICKER
Cotton.

New Orleans. Continuation u%nfavor-
able weather causing further reduction
crop estimates, strong advancing spot
basis ~Characterizes situation, favor pur-
chaSeS,-Neld a White to Cotter & Tur-
Her.
Firm recent shorts covering. little for
sale.-Liyerpcol cable To n. a b.
Beer,
Clarksy.le. Tcx-HeayIest rains in
North Texas in ears, q inches here
ince midnight.
New Orleans.-purant, Okla. wires
Good authority claims cotton has deter
lorated % to 80 per cent this section
Oklahoma since last government CON
dition report, one inch rain fell here
from : TO 3 o'clock this morning. max
ing 43S government official rainfall
since noon yesterday and sun raining
Beer to McFall
New Iork,-Americsn cotton must be
bought by Germans at n cost in the
opinion Of German textile experts,
though they groan when they think of
the prices, These experts estimate that
American cotton will cost in Germany
about ga marks for the German pound
which Ia somewhat heavier than the
American, This price Is In part owing
to the lower exchange value OF the
German mark, which before the war
was normally worth about g4c.
New Orleans-Buying on Memphis
rumor that National G;nners will come
out with most sensational report u
season.-Kofler.
Paris, Tex, wires: Fully six inches
OF rain since midnight IN this section,
outlying districts report cotton two feet
under water"
Parts, TeX.-Having terrific rainfall,
been falling past six hours; regular del
uge Altlrsch to Gibbons.
New Orleans.-The latest revision of
spot quotations at Little Rock makes
low middtiug 500 points off middltng, a
new record discount. This widenS the
average discount at the 10 desig
mated spot markets or the county 100
points against the discount at New Or
leans of t6-S & G.
New Orleans. Raining North Texas.
may have some reactions these prices;
suggest purchases should II occur. spots
firm.-Weld & White to c., n 7.
New Orleans There is no letup in
spot demand, until there Is don't look
for sustained declines. At this level,
however, reactions are In order from
time to time, but would take advantage
Of them to buy Schneider.
New York Trend OF market higher
and would buy It ON good setbacks.-
Gwathmey to Foster,
New York-Less liquidation and
Southern selling evident and market
opened firm on Liverpool and trade
buying and reports continued u%ntaNor-
able weather conditions In belt
Gwathmey to Foster.
New Orleans-Buying December and
selling May likely prove profitable II
urgent spot demand continues, -o'Reilly
to McFall.
New York wires: Futures too low
for spots. %Spinners' agents %principa
buyers Beer to McFall,
New York-Cable just received say,
British board of trade a~nnoupced tina
the embargo has been lifted for thu
expectation OF c. s. o., oloo and larc
compound,-Oyerton, OF McFadden, t.
McFall
New Orleans-One spot man "a
! can't describe situation In spots, look
like a spot panic, It's wild; any kline
of a basis 7 bid and paid for bette
grades. Sales will be large and quota
lions anything from " to more up
| Kofler to Clarke e. Co.
New York-Dow-Jones at | pm. salt
freight brokers and forwarding agent
who have been In close touch with tn,
! longshoremen's strike situation wery
: informed that dock superintendents ha,
. been notified that strike had been set
. tied by mayors cancellation committc
and men are expected to return to worl
. at o'clock tomorrow morning. |
. wal said large number, of mel haV
already appeared at the docks, sayinI
union heads had ordered the strike a
an end.
New Orleans-The market Is risin
on expectations that this afternoon wi
I bring sensationally bulllsh reports fror
i the spot markets of the South,--Shep
ard & Gluck at | o'clock
New Orleans-Ginnings to Oct, IS ar
likely to be the smallest for more tina
10 years by about /. 000, 900, The Ger
; sus report on ginnigs to 18th will b
leans time, Returns compare wit
6.81i 900 last year and 5~,574,000 yea
before, To Sept, IS ginnings totalle
only 1854, 900, VS.. 3,77l 900 last yea
" and ISLE, 600 In 1917.