The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-03-14

Buying Is sttl rather restricted and
the ]spiuners are evidently feeling their
way. The lafeutss uf crop WORK and
growing confidence iu the Sugths de-
termination to- reduce its acreage are
not being overlooked and are perhaps
responsible fn a measure for the uu-
DERIVING strGI 9Th ln the affair
There was little rain boz the belt dur
yE the past Is hours, hut early today
Some began to fall ln the upper part
OF the central belt, viii prospect OF
more The official forecast called for
showers. 10 evidently being based on
the presence Of q very stormy looking
low barometer central over Colorado,
which may move sOulhCastWard and
bring some bad weather However.
there was some hope OF 30 missing a
large part of the belt because OF the
presence OF an extreme high over the
eastern lake region. which might pun
the stormy conditions tn that direction.
Adviccs, however, are TO the effect that
but little farm work has vet been done
and more rains now would further dis
courage hope OF an early start Ihe
continued high prices for grain and
provisions are emphasizing the neceS-
sity Of the South growing as much OF
them as possible
In Liverpool there was another day
Of fairly good sales Of the actual, 4,OOo
hAltH NlhAklbh lltAilN" o. "a - 20
. points, good middling at l6.OSd. Finals
for futures were steady and from I
points off to 6 up. Receipts for the
day were 1000 bales, including 4,2OJ
American. Manchester advised that
cloth business was, fair, while yarns
were pressed for sale.
First prices in the domestic markets
were slightly to the bad, for there was
small evidence OF demand and the
showing by cables at the time was
poor. II was also expected that the
weekly statistics would make a bear
ish showing, while the census figures
on February consumption were looked
for as further help to that side. 1t
WAS announced, however, that they
would not come until tomorrow morn
ing. There was little change during the
early trading, with old May In New
York dropping from 24.l5c to q. soc in
a short while, but the news at the
same time were displaying firmness,
Old May opened at 24.lO, touched 2iC
and then worked up to 24.l5c, followed
by a dip and then a period Of moderate
strength. In the afternoon 1t touched
as high as 24.40c, while the new at the
same time sold up Hs high as -. S5C.
The prospects Of bad weather seemed
to have something TO do witt the
strength and certain spot people were
credited with buying moderately, There
was profit taking on the bulge ana
old May dropped back to 24,2lc and
new to "a soc.
Advices from the spot department
were that offerings were a little larger,
but that nothing was pressing for sale,
ClearanCes for the day were large and
the weeks total was about 145, 600 bales,
compared with about $4,000 same week
last year. Reports from the goods mar
kets continue optimistic and some opin-
ions are hat the spinners viii soon
begin to buy freely,
In New Orleans the old closed 40 TO
80 points lower, and the new A to 80
points off, tone barely steady, Spots
we're unchanged, with middling at
q. SOC, with sales 1866 bales,
In the local market sales repNrted
were 1900 bales, making 1000 for the
week, Quotations were unchanged,
middIing at q. CSC. Estimated unsold
stock in the hands Of factors Is 25O, oOO
bales, compared with 1871 900 last year
and 202, 900 in 1917 Linters In stock
arc 50, 600, against 10000 and 10000 IN
1917.