The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-11-20
ROUND THE TICKER
Cotton.

CObtOQ.
New Orlcans-AIap shows general
clouulnesS, but ne rain, indications are
Tor change 10 unsettled rainy weather
disturbances from west and severe cold
wave toward Monday-Clark & Co.
New OrleSns.-Failure Of senate TO
rauiy peace treaty may have depress-
ing effect; unless spots weaken don't
expect much decline. White.
New Nork,-nefeat treaty the i'm
portant news Not bullish Of course.
but probably discounted. Harding, In
letter 10 Farmers Union, says reserve
has nothing TO do with price cotton;
will continue furnish money Tor leglti-
mate marketing Of crop, but disCOur-
ages use money to hold cotton specu-
Iatirely,-CleNe to Cotter & Turner,
New Drlesns-pOu't think foreign
exchange will decline much further,
weakness in exchange hinders market
from doing better il a II has, Any
Improvement in foreign exchange would
likely be followed by Improvement In
cotton narket.-Beer to McFall.
New York,-Treaty failure discounted,
confident ratification only postponed;
market heavily oversoid -McElruy to
Cotter and Turner.
Paris.-Supreme council decided yes
terday nations which have accepted
treaty will exchange formal ratification
In time for pact to become effective
Dec. l.
Liverpool cables: Better tone with
some covering by recent sellers
not much Offering
New York Situation much confused;
with fall in exchange, financial and
politics, rather expect Quieter market,
but don't see new factor to insure bun
market.-Hubbard to Reese.
New York-Weld Il Co: We think
purchases IN any such breaks as oc-
Cured yesterday are advisable, as We
anticipate much higher prices being re-
allied In the long run.
New Orlears,-Likely have temporary
break account senate's rejection peace
treaty, but favor buying on depresslons.
Beer to McFall,
New Orleans,-While the coal situa-
ton is definitely against the market,
the elimination Of the treaty is believed
has removed n disturbing uncertainty
and while the first effect on the mar
ket may be a decline because the mar
kets We're trained to It, ] believe cotton
is u purchase ON such declines, as
traders will soon think differently n
the discount positions are too near cost
Of production which gives a superior
right for defeuse,-Kofler,
Now York-Speculative interests are
heavily short, Think market a pur-
chase on all dips as long as spots hold
firm Jung to McFall.
New Orleans, The total quantity Of
cotton on s~hlpboard in this port, await
ing clearance, Is 74,l45 bales against
- 1901 a year ago. Galveston has lS4,,6i5
bales on shiphoard. This means big
exports shortly.-S. & G.
New York,-George Wathen received
thA TnllOWinR Wira from I1allnu TAW :
Cotton selling freely, practically no
holding. Basis a little easier, but fairly
good demand for all offerings" The
heavy buying by Liverpool took a good
many contracts out Of the ring and left
the market very sensitive to the buy
ing movement which started toward the
end OF the first hour.-Pearsall,
New Orleans,-Advance In securities
caused advance in cotton market
Gluck.
New orleans.-Large exports, Sa-
vannah clears $1,000 baies, Sixty days
sterling dow TO 9.93, and e0-days
sterling down to S.gl, Market acts as
the short interest which developed
during the slump larger than believed.
1t is offering rather stiff resistance to
selling attacks and larger buying come
out on all reactions ,-Kofler,
New York.-Consular advice from
AAop w AiioA NANl illhlly - ~ aANNltlh
licenses for imports Of raw cotton re-
CARELESS Of the terms of payments
McFadden to McFall.
New York.-A wire from our agent
at Augusta, Ga, this morning saying
Active demands spots this afternoon
bidding within n half to u cent and a
half at what cotton brought at higher
points, Never saw such absolutely In
difference by factors, holders and banks
as to this drastic time, with prac-
tlcally nothing going on there 1t Is
remarkable how contracts are selling
at such Acknowledgement, OF McFad-
den, to McFall.
hard of sale except at concessions, high
grades and staples in good request at
about quotations.-Beer.
New York,-Reports coming in OF
spots weakening in Memphis territory
and west.-Cleve to G & T.
New Orleans clears 10, 004 bales bring
ing the clearnnces thus far today up to
S6,S4O, against 26,oo5 a year age.
Galveston, Texas. - Farmers are
advised against selling their cotton I'M |
til conditions become normal and prices
rise, in a statement issued here by Bay
liss Harriss, president OF the Texas Cot
ton Association, Mr.. Harriss said the
average cost of raising cotton I'm Texas
this year has been Is cents a pound.
New Orleans There are persistent
that the coal strike has been
settled, but according to the most trust
worthy information to be had there Is
nothing In them.-S. & G.