The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-06-27
ROUND THE TICKER
Cotton.


New orleans-The Watkins bureau
on condition Of ess says that the IN
dicated crop is II, 900, 600 bales and pre-
diets 40 cent cotton. II states that
the crop experienced the Wettest May
on record. on top OF which came A wei
June. II predicts that the government
condition win be under its own hg-
ures.-S. & G.
New York wires; Pears OF more bad
weather, together with continued poor
crop reports causing new buying. Profit
taking is the only source OF supply.
The trade again is a buyer
New Orleans brunswick, Ca, clears
0,655 bales today. Total clearences
last year were 6,67S,-S, a G,
Little Rock says: A prominent rail-
road man, rot a SPECTATOR, who Ia
been travelling through Louisiana and
Arkansas for the past % year says; II
never saw the cotton crop in such a
condition as II Is now. The grass Is
about the only crop | see In these
states, Unless the rain stops there won't
be any cotton raised In these states
New Orleana-Map indicates partly
cloudy TO fair, except probably showers
In South and Southwest Texas n At
lantic coast distrlcts.-kofler.
Dauas,-Southern Products Co. con
dition 6S,5; by states; Texas 70, kla
homs g., Arkansas g. louisiana 50,
Georgia u. Alabama 81, Mississippi ",
North Carolina 81. south Carolina ~,
Tennessee 81, Missouri 81 Weather
past two weeks u~nfavorahle except
Carolinas, Tennessee, northern portion
Alabama and Georgia. Excessive mois-
turt other portions Of the belt, season
Is days late, state Of cultivation gem
orally poor and some acreage must be
abandoned. Chopplns progressed very
slowly and stands being broken remoN..
ing the heavy growth OF grass. Boil
weevil doing serious damage southern
portion Of belt,
New Orleans,-The American Cotton
association estimates condition crop ON
June 20 at 90 5 and places tho abandon
ment Of acreage at 6S per cent, which
reduces the area under cultivation To
rs, 262, 0Sl acres against SI,sOl 600 last
year, II Is on reports like this that
the market continues to rise,--S. a O.
New York.-Norden \ Co. condition
guess us vs. 76S. w
Castlebury, Ala, write, Crops are
fairly good In this section except for
boil weevil. They were on the cotton be.
fore there were my squares or holls
ready, to bore into every one that came,
Only one thing can save cotton here
That is a red hot July with Just enough
rains to keep squares and bolls from
ElltAAhlAk 'AlhNl " AeN NAh w ~ 49,
lutte failure.
|. New Orleans ,--Liverpoo! about right,
The premium over spots may be main
tanned with bad weather, but II is not
Il hulllHh feature. Premiums never eK-
| listed long and adjustment Ia only u
matter OF time. DO not advise buying
this leveL-Schneider to s. a q.
New York cotton opinion Moyse a
Holmes-There Is only one side 70 the
| market at present aud every setback
| should be taken advantage OF for ac-
cumulation OF contracts, y. M, Weld
| The action Of todny's market seems to
| show that the price docs not yet dis
| count conditions, However, we do not
advise purchases at present, Bond Nc
Enery-Speculative operators AS well as
the trade realize the crop promises only
to benz oderato size ana therefore are
in the market as buyers.
New York.-Demand for goods In all
domestic markets continues active INC
.stronE with much the same conditions
abroad. Speculation In oil markets 10
rampant and will not down even WIN
efforts OF governments and banks 10
check Il, Hesitation Ia at times shown,
but on every recession buyers re-enter
the market and find few contracts Tor
sale,-Fallon to 5. n q,
New Orleans.-Bad weather and llv-
| NinOOl NuNlttb NllaA =
ness Monday causing strength -Fennef
to Gustafson,
New York.-There Is gossip that PEG
pie who have bought cotton WIN me
intention of shipping II TO Central hu-
rope when such shipments become pos
slble, are finding difficulty in financing
the operation. FreiEhts out OF New 0r.
leans to Liverpool are reported easier
today. Owing to the continued pnt"yor,
able weather, selling IN the Idea thal
low condition figures have been ais,
~countad seems to have been pretty wen
confined to liquidation, The Nordcn re-
port making the condition us probably
prompted the disposition 70 n pro''ls
Tor over the week end,-Pearsaih
New York.-Shearon Hammil large
buyers cotton. ,
New Orleans.-Week-end realizing u
commencing to come out IN volume u
he market IL not standing II well Mt
The moment--Shepard Il uluck,
Little Rock,--Texas and Eastern buy
crs slipped in here and bought all an
sold cotton here today,