The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-11-19

New Nurk-Nhss the short interest
which has been put out here in cotton
last few days starts To cover YOU viii
see some ACKNOWLEDGEMENTS, Of Nc
Fadden, to McFSl}.
New York-The severe weakness Of
local cotton market late yesterday was
attributed 20 heavy selling from South
eru firms, Ideas differed as 10 whether
this represented liquidation % specuia'
tive long lines or the hedging ot spot
holdings previously carried unhedged.
London quotes silver lsd higher at
New orleans-Think would tentative
~ buy now on discount positions,
which are ear enough 20 what | expect
TO be a more general resistance level
on the idea OF cost Of production
Clark & Co,
New York-Heavy short selling by
Wall street repeating predictions forced
liquidation cotton.-McEiroy to Cotter
& Turner.
New Oricans-Lower owing to fur
Their weakness foreign exchange, heavy
giunings. good weather and uncertain
fate OF peace treaty, voting on which
likely start today, II the treaty Is rat
flied market likely experience sharp
advance. u rejected In final vote. fur
thor decline probahle,-Beer to McFall.
New York-There Is no important va.
Ration In the Liverpool cables, Have
no doubt AS TO the real value Of cotton,
which WIN be ultimately established, but
that is IL no consequence az the mo-
ment and Il stll looks to me like a
case where longs, having confidence In
their position, should keep their lines
down 10 O minimum In order to he able
TO withstand the temporary pressure
T, a NJ 10 Clark 4 Co.
New Orleans-Goverument increases
EinninEs 10 Nov. / by $4,000 and saws
total ginnings TO Nov. l were 6,3i2.30l,
instead ~ 6,21A000, as given IN the
last census report,
New Orleans-After a rally Of so t.
50, trading changed to selling OF gem
eral uncertainty Ia the surrounding sit
uatlon. further decline In foreign ex-
change rates and report National Gin
ners 7,h4n.OO0 bales 20 Nov. ~, which
Is l.23s 600 for the period, against 9s0,
goo bales last year,-Clark A. Co.
New Orleans-Coal situation and tight
money In North causing unessinesS, hut
spots not weakening much. Thihk
American mills VIII buy largely on de-
ciine-weld 8 white 10 Cotter & Tur-
ner.
New York-Liverpool good buye,
Mitchell buying sggressively; ANerlil
buying -Clevenhurg to Cotter 4 Tur-
ner,
New York-Recent big seller bought
On opening also good trade buying.
McElroy.
New Demonstrating part in Wall
street report on situation Is; can
money again renewed at ~ per cent
and the fact that such a high rate has
been demanded for standing loans
since the market quieted down from
the break tended 10 confirm the idea
that the banking power were deter
mined to stabilize the rate a high fig
ure for some time 60 come. Glars
a Go.
New Orleans Weekly crop repor..
says the cessation OF rains and general
" much better weather conditions re-
suited in increased harvesting, This
work made good progress In all sections
where not already completed. Killing
frost extended well into the interior Of
the gulf states which, however, was
considerably later than the average sea-
son but Notwithstanding caused con-
siderable damage In Oklahoma and
South Carolina, There Is considerable
crop TO gather yet In South Carolina
and Texas
New York-The street has reported
federal reserve will issue statement In
Washington this afternoon. deprecating
speculation In oil land, cotton and grain,
We think any statement they put out
has already had its effect,
New York-The story OF the market
today ts n OF liquidation largely due
to sterling dropping TO the lowest on
record, ~ Miller TO McFall.
New York-Renewed talk Of raising
federal rediscount rates has had an
unsettling effect on stocks,
New York-Today Is the day to buy
cotton.-Slater TO MoEall.
New 0rleans-The market Is going up
Just as easily as 1t went down; early
sellers want their profits and they are
finding little cotton to supply their de-
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