The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-05-02
ROUND THE TICKER
Cotton.

UotCon.
New York.-Whlle Il is vet too early
to forecast with accuracy the cotton
acreage for this year, tentative esti-
mates OF nearly 1000 special CORE
spondents would point to a reduction
OF OF VIII What per cent nGI This This is Just q third d
urged upon the farmer by the South
ern influences. 1t may be materially
different when the final report on
acreage, is published by this paper in
the early part of Juno next. Some are
advance OF cotton prices. The big rise
as already intimated will very probably
prevent the contemplated reduction In
the acreage,-Journal OF Commerce.
New York.-Wall street buying; Of
ierings light; no particular news; most
people got left again looking for 2-cent
notwithstanding to Cotter & Tur-
ner.
New .orleans,-Favorable cable re-
ports OF Increased spot demand and en-
couragtng advices from peace confer
ence caused recovery; sentiment quite
bullish and with bull speculation prac-
tically unopposed, owing stringency
present contract prices may go higher,
but we would not care follow advance.
Ellis & Co. Night Letter.
New orleans,-stronger spot demand
nnIeipooa aiter cotton. rshy IN STOCKS
Washington on politics liable 10 sustain
bullish current market; bullish weekly
statistics probable,-Ciark to Cotter &
Turner.
New York.-Weld e. Co.: We expect
higher prices and suggest purchases
on setbacks, Hutton & Co: Sentiment
Is still inclined to the bull side, but the
market acts as though continued buy
ing Is necessary to keep prices up. Car
penter & Co.; The trade Is looking sole
ly on the great strengths In the goods
market, which makes 1t impossible for
prices of spot cotton to weaken,
New Orleans-Foreign political situa-
ton does not show any marked i'm
provement; nevertheless market was
bought and shorts covered on unfavor-
able weather advices and reports from
interior OF fair inquiry for spots. No
May tenders has strengthened position
OF spot owner, who Is practically in po-
sitton to dictate prices he wants. Be-
lieve market Wen %iiquidated and see no
reason why 1t can not advance further
II spot owner continues confident. Re
actions must be expected until foreign
situation reaches ar improbable
agreement.-Airey & Stouse to Gastaf-
son in Night Letter,
New York,-Quiet and steady; trad
ers expecting Wednesdays sellers TO
iVpuN -IluDDtI 10 Reese,
New Orleans.-Liverpool good. There
y a good spot demand and prices are
likely to maintain their value unless
some unforeseen development arises.
Buy on setbacks,-Shepard g. Gluck.
New Orleans-Texas spot markets
were strong Yesterday, all Of them
making stiff advances. Some traders
think this means that Liverpool is a
g9od buyer Of Texas cotton, New York
OF the me-coming Of the 77th divi-
sion. New Orleans will also close, 1 n
accordance with the agreement on hol-
days with New York, and with the re-
quest that II do so by the bureau OF
markets at washington. Cotton goods
continue firm and active.-Shepard &
Gluck,
New York,-small and featureless,
but recent action Of market apparently
discouraged sellers and very little pres
sure even on longs; think could respond
TO any renewal OF buying,-Gwathmey
to Foster.
New Orleans s-Loeal traders and out
slders are buying on the statement from
Europe that Italy Is taking a more So
Der view OF her situation. The strength
OF Texas spots also has a favorable ef-
feet IN the market. The official fore
cast calls for generally fair and some
what warmer weather In the western
half fot the belt. This is favorable fol-
lowing recent rains and viii allow
planting. to go ahead very ~fast.-Shep-
ard a. Chuck.
New orleans Good spot business az
ter hours yesterday; any steamer put
on for Liverpool is filled up fast: cable
says Manchester so active operatives
contemplate asking increase wages,
tendency upward but approaching
Weekend prompts realizing rallies
Clark x Co to c. & T.
New Orleans.-Our representative
wires us from Macon that one of the
largest export firms advises Liverpool
demand better than for several month";
past, alse good inquiry fropl Havre
Trade believes peace treaty will be pre-
sented and signed immediate future
-Fenner to Gustafson.
New Orleans-Galveston wires: Goot
spot demand there, ever low grades
selling ,-Fenner to Gustafson,
New Orleans THE representative o
one Of the largest Texas spot firm,
now on the floor claims that Texas viii
not show any decrease In acreage thii
years, & G.
New York.-Wall street selling sam,
character selling as on Wednesday
Room getting filled; don't like it-HuD
bard to Reese.
New Orleans,-Our spot information
Is that demand is confined to stapl
specialties, little short cotton selling
almost tender basis. Liverpool strengt!
seems due to freight scarcity in fac
of weather advance seems rather to-
rapid to follow further for present.
=, ], White TO c. q 7.
New Or~leans,-Spots here are highe
and sellers are very firm. 1t Is sal
that there IL pressure to buy In orde
| to I'll boats now loading or about /
| load for Liverpool Some little corto,
was sold after hours yesterday. Gal
weston clears 1871 bales for Franc
today THIS day last year total ex
ports were s.702 bales. -. & @.