The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-08-04
ROUND THE TICKER
Cotton,


Montgomery-Conditions prevailing
during July have been very favorable,
and the crop appears improved TO some
extent as compared with its condition
a month ago, 1t is still very spotted,
AS yet VT have. heard OF no mere
weevil omplaints than usual-as a
matter OF fact, not quite 80 many. We
enter August, the most critical period
OF them all, more hopeful for a better
outturn Of the crop than was indicated
three or four weeks ago. However,
during the last few days we have again
had a super-abundance Of moisture.
Offerings Of spot cotton continue o. a
very low and attractive basis. More
interest Is evident in the demand from
domestic mills. Export business is Sc
riously hampered at the moment be-
cause Of the almost dsmoraliaed state
OF foreign exchange, which, II is be-
lieved, must be corrected to some ex-
tent before long,-Weil Brothers.
New Orleans Map unfavorable,
shows mostly cloudy belt, except fair
North Texas, North Carolina, general
rains over Southeastern quarter, as
much as 3 inches at Pensacola, still
raining at Atlanta and savannah
Clark & Co.
New 0rleans-National City banks
latest review takes grave view of for
eign situation, II says the foreign sit
uRtton becomes more critical as time
passes. The trade situation cannot
right itself in six months or sven a
year. The suggested use OF federal
reserve bank facilities should be con
demned, 1ae movement In banking
circles to organize the country for for.
eign credits Is not making very salts.
factory progress Clark \ Co.
Chicago-Ohrien says: TOO much
agitation against high cost of living
TO think Of getting more than temporary
rallies IN grain or provisions. 1t may
be later that formers will have some
thing 10 say { what price they win
sell Allotment, Curtis 4 Co. to Nc
Fan
New Orleans-Bearish sentiment ow-
lng to expected fight In congress to
force reduction in high cost Of living
because OF threatened spread Of rail
road strike, However, there is the pos
sihility Of Il gulf disturbance and more
rain in eastern belt.-Beer,
New York-Liverpool selling. Mitchell
bought; market lower on disturbing out
side MISUNDERSTANDING to Cotter
s Turner,
New Worthwhile bearish wouldn't
Sc now, deluge nine inches at Pensa-
cola may forecast tropical Storm.-Mc-
Elroy to Cotter & Turner,
New York--Floor rumor large short
covering on decline. Wall street sell
Ing on high price stuff Hubbard to
Reese.
New Orleans III advised predictions
OF = storm In the gulf have not proved
sufficient TO maintain values IN cot
ton and the market has. fallen off un-
der liquidation Shepard n Gluck.
New Orleans-No Liverpool today, ac-
count holiday. The market was well
l~iouidated last week and in good posi-
ton to work higher, especially on con
tinued rains in eastern belt. Advise
buying on all breaks, C, W. Shepard.
New York-SatNr days market proved
a great disappointment to the bulls
and the effect of the government re-
port was on the wane, Week lend sta
tistics were bearish and the Carry-over
Is large. The threatened tieup OF rail-
roads and shops IL by nc reas-
surfing. While the foreign exchange oon-
tinues to disturb, all commodity mar
kets are feeling the Influence Of the
government action in attempting to
bring down the cost on living,-Fallon
to Shepard & Gluck.
New York-Declined on selling: think
largely sentimental, effect Of agitation
to reduce cost OF living; good demand
at decline-Gwathmey to Foster.
New York-Cone, Ralph Hubbard
and Sehill selling; demand not SO keen;
| uOtti lHtl l6INbIS ltNlllh lnlluNllCtt ptOT
export demand; labor troubles agitation
check speculation; would only buy on
sharp misunderstanding to Cotter
& Turner,
New York wires; Mitchell principal
buyers. traders generally hearish. but
not selling owing to fear Of gulf storm
reported from New Orleans,-Beer to
McFall.
New Orleans-There Is nothing to the
market but talk of the huge carry-over.
All other features are being ignored
The big carry-over has caused pro-
nounced weakness.-Shepard q Gluck.
New York-Understand II flremen Of
lowell strike as threatened at present
mill people viii close down flat,-Hub-
bard to Reese,
New York-Hear Temple Gwathmey
covered on agitation Washington.
threatened railroad strike o~vershadowed
crop reports, but has been good trade
buying on decline,-Hubbard to Reese,
New Orleans--To me it looks like con-
certed action to hold market down to
give foreign consumers a chance. but
underlying opinion Is bulllsh, Believe
railroad strike will be averted.-Clark g.
Co.
NEUTRALITY-SUSPICIOUS. Of high cost of
living and Its cause will be considered
at meeting of the senate agriculture
committee tomorrow. Senator Gronna,
chairman of the committee, stated there
should be government control.
Houston, Texas wires: our salaried
buyer at Waco wires; All day in cot
ton fields around here. Boil weevil
doing serious damage, Ground covered
with squares. They are work on
squares, blooms and bolls, RaIQ. would
be very serious.
New Orleans-Exports likely to be
large, II not today, balance OF week.
Today last year exports were "a, 900. on
shlpboard at New Orleans Aug. 2, 70, 900
vs.. 70, 900 last year. At Galveston July
81, $4,000 VS.. zoe last year,
Liverpool iotous CROWDS were driven
from the streets Of this city this morn
ing by troops charging with fixed bay
onets. The cruiser Valient and two
destroyers were moved into the Mersey
river to protect the docks. The m
ployes of aus and tramway lines failed
to report for work this morning. No
notice OF a strike had been given but 1t
is not believed mat the movement was
licemen's strike.
McFall ed we'd following statement
from Hester's annual figures:
l91S-19. 1918.
Southern mill stocks. 665, 600 62S, 900
Counted interior town
stocks ,...,..,,,.,., $4,000 631, 600
u. =. port stocks 80. Il, 2l3 600 1854, 900
Northern mill stocks. 504, 900 6S7, 900
European mill stocks. 2Sb, 900 25, 900
European port stocks. !, 24S, 600 SAT, 900