The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-11-13
ROUND THE TICKER
Cotton.

Cotton.
= New Orleans-Renewed weakness in
the stock market seems TO be the only
reason Tor the decline in the cotton
market.-ShepaId & Gluck.
Paris, Tex, wires: Middllng brought
20 cents here yesterday afternoon.
Farmers took considerable cotton home
When they could not get this price,
New Orleans-GreenviIle. Miss. wires;
spot holders are confident and are not
worried. They are asking the same old
nigh prices and there Is a good demand
for low grades.-Shepard & Gluck.
London,-silver $50 unchanged at
highest Of levels.
Weld, Liverpool, cables: General
heavy selling at opening absorbed by
good local houses followed by trade
nNlng calls sales. Bank rates UNI
changed.
New York.-Think rally enough re-
member short interest greatly reduced
by profit taking-McElroy,
New York.-Riordan Just sold 10. 600
May, thought TO be last Of Scales line.
Temple and Mitchell took most of 1t.
-Cleve TO Cotter & Turner.
New York-The panic condition Of the
stock market with high money and the
weakness of the foreign exchange mar
~ S1hoOh hbdNg liQuludliOH anu DTOill
selling in cotton; IL is more or Tess of
a sentimental effect because the
strength of the actual cotton south APP
pears to be mistaken thus far and our
reports this morning say the South has
frightened up because they have sold
SO much cotton at high prices in past
six weeks that they are we'll able to
hold out on any breaks in contract
Bowling to MeFall.
Consumption report for October to-
morrow likely be bullish as to consump-
ton, stocks and number active spin
dies. :
G%reenville, S. G.. wires: Weld wires
expects further liquidation, but cotton
can be bought confidently,
New Orleans.-Higher after opening,
owing probability all latet cotton killed
by freeze and on report that Bank OF
England discount rate unchanged at 6
per cent: no further change in Bank
Of England rate for week as generally
only changed on Thursday. New York
wires: Trade houses trying to absorb
outside offerings and check decline
Beer.
New York.-Gwathmey interests best
buyers OF cotton. Riordan and New
man principal sellers.-Bache to Nc
Fall,
New Orleans,-This mornings wealth
er map means that the crop has been
killed and that the growing season In
all sections of the belt Is definitely at
an end, Il also means that great dam
age has been done to the crop since the
cold came on the heels Of very wet
weather Shepard & Chuck.
New Orleans.-N. +. Takeuchi, presi-
dent of the Southern Products company,
wires this message from Dallas to the
Cotton exchange. Understand rumors
are current IN your exchange that our
4 49, No. ~ fsa-r ...I " LAE-
by solemnly declare that these rumors
are absolutely ~groundless and | know
personally that our company is in a
stronger financial position than ever"
New York.-Federal reserve seems de-
termined to- debate money, which means
cheaper commodities.-McElroy to Cot
ter & Turner.
New York.-Averill, big professional,
been bearish, now going long; under
stand M~cFadden and Gwathmey advis-
ing purchases.-Clevenburg to Cotter g.
Turner.
New York.-Further heavy liquidation
following yesterdays break well abb
sorbed; tone now steady with trade
good buyer and some short covering on
unfavorable map, with, killing frost
western belt.-Gwathmey to Foster.
New York.-Think low prices OF day
be made first hour Mitchell to Foster.
Gram.
Memphis receipts: Corn |, oats 9 and
hay 16 cars. II
Hog receipts: Chicago so. 200, Omaha
LEGO, Kansas City 5000, Sioux City
5000. St. Joseph 5000, st. Louis 1000.
Chicago receipts: Wheat 11t,000, corn
100, 900, oats 7 10000. Shipments: Wheat
179. 900, corn $1,000, oats 100000.
st. Louis receipts: Wheat 7 $1,000, corr
q, 900, oats $4,000. Shipments: Wheat
102, 600, corn 10000, oats $4,000.
Chicago.-A tight money market is
causing liquidation In stock, cotton and
all commodities. Corn has had a big
advance which has caused farmers to
sell freely. While the receipts are small
the demand is also small. Liquidation
Is the main factor at present In every
thing. Keep away from the long side,
wait for much lower prices.-O'Brien
to McFall.
Chicago.-Federal and state crop
agencies at Springfield forecast a de-
crease of 2,7SS, 900 bushels in the esti-
mated production Of corn in Illinois,
based on conditions Nov. l. Shippers,
millers and industries are competing
for the limited volume Of receipts with
the result that contract grades are sell
ing from SLAB to S1,59. At the moment
items of this nature are entirely over
looked. the market being highly SYM
pathetic with the financial situation
as evidenced in the cotton and securi-
ties markets.-T. G. M. to Clark & Co
Grain belt forecast; Illinois, Mis-.
souri,, Kansas, South Dakota, Iowa anc
Wisconsin, generally fair tonight and
Friday, Rising temperatures. Mime
sofa, part cloudy tonight and Friday
Rising temperatures. North Dakota
part cloudy tonight and Friday. Colder
Friday.
Chicago.-Corn rallied on buying BY
commission houses and shorts. Las
selling is on reports of continued hos
weakness at the yards. Hogs are re
, ported about so cents lower.-Wild.
Chicago.-Selling of December corr
was apparently on reports the countr!
is selling corn literally. A number o
prominent commission houses VIII
bought early turned to the selling sid
& causing the recent break to under $1.2'
for December corn.-Wild to S, & G.
!, Stocks.
/ New York-Do not find any materia
reduction in loans, same with othe
ntAar4an xafrht thin