The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-05-22
ROUND The TICKER
Cotton.

" LOUISIANA. falT IN Arkansas. partly
cloudy weather in oklahoma, with
shoWers In the west; increasing cloudt-
ness In East Texas, with showers in
the west; fair weather in the south
western portion Of West Texas and
showers elseW here. Fair in North Caro-
INA South Carolina. Georgia, Alabama
and Mississippi. 1t viii be warmer in
Oklahoma and East Texas, but not
much change in temperatures is indi-
Gated elsewhere.
New York Cotton Opinions-Hutton:
Market acts as though some new incen-
tive must be injected into 1t to bring
about q further Improvement in prices
at this level. Carpenter; The con-
certed basis for the market is the con-
tinued buying by foreign commissions.
New Orleans-New York reports a
very firm cotton goods market with
q rising tendency still in evidence. II
TO check the rise oy withdrawing goods
from sale.
New York-Continent eating up
Liverp ,ol stock; dry goods tremendous
~ strong .-McElroy.
New York-McFadden and Weld brok-
ers buying on Liverpool orders.-Hub-
bard to Reese.
New York-Good deal cotton appear
ing on advance; traders expecting re-
action after Liverpool close. Hubbard
to Reese.
New Orleans-Bad weather eastern
belt; large Liverpool sales. Dallas
wires us big demand spots; hard to
buy; complaints worms and grassy
fields.-Fenner to Gustafson.
New York-Scattered buying, with
with nothing for sale. Spot sales
Liverpool fifteen thousand, largest since
1914. Forecast western belt unfavor-
able.-Clevenburg to COtter & Turner.
New York-Following strong cables
market opened up on covering by local
traders who recently have been sc ling
for reaction; also fresh trade buying.
-GTathmey to Foster.
New York-New England mills said
t. be large buyer this morning through
the large spot houses; Liverpool bought.
-CleVenburg to Cotter & Turner.
New OrIeans-The market is again
feeling much liquidation from the long
side, although the sensationally good
Liverpool and the cold weather com
bine to make the undertone steady.
beartsh traders talk confidently OF a
further reaction. Before long, however,
private estimates on condition will make
their appearance and they cannot be
high whereas last year on May 25 the
condition Of the crop was S~2.3.-Snepard
g. Gluck.
New York-Weid looks for much
higher, the buying Is general, offer
inRs light, goods market continues very
strong .-Cleyenburg to Cotter g. Tur-
ner,
New York-One of the biggest men
in cotton spot and future business says
If cotton sold 35c tomorrow he wouldn't
sell a bale.
New York Cotton strong, The horse
has taken the bit in his teeth and, as
usual, the mills are now scrambling for
cotton.-Fallon.
New Orleans-New York: Shorts arc
covering freely and there is outside
buying. G~reenyille, Tex: Complaints Of
insects are coming in from sections
account of cool nights. There Is a big
spot inquiry at a high basis this morn
ing. New York: W. h. Thompson, Of
the soviet republic, is in the market
for large quantities Of cotton, The tex
tile industry in Moscow wants 500, 900
bales and the purchasing agent for the
republic says he will be pleased to
make arrangements with the newly
formed cotton association for a ION.
ference on the mstter.-Shepard &
GluCk,
New Orleans According to local dry
goods concern, the Borden mills, the
largest concern in Fall River, have sold
their output up to October and have
withdrawn all samples from the mar.
ket.-Shepard & Chuck.
New Orleans-The market is rising
on reports OF an enormous business be-
Ing done by the cotton mills Of this
country and the growing belief that
buying Of contracts by mills in place
OF the spot cotton they need has in q
measure sewed up the situation,
New Orleans--Spot people say for.
eign demand checked by decline in ex.
change rates, but good demand from
American mills.-~Clark.
New Orleans-The real reason for the
advance seems to be that mills are
buying contracts against their exces-
sively large sales Of finished goods,
New York wires. Liverpool has been
Is toppy. Shepard g. Gluck.
New Orleans-Following from an
eastern belt traveller: Charlotte, N. c.,
May eos. c.. stands and cultivation
best have seen. Stands good in n. c.,
but crop late and majority fields very
grassy. Raining here today, Figuring
10 to Is per cent acreage reduction
condition eastern belt, though generally
good, indicates less than last years
productton.-Weld g. White.
New York Strength due heavy buy
llR HDOt lUlGItSlS, ulllh W dblt BIlNdNt
crop reports; bad weather outlook, Re-
action should come, but not without
favorable turn in outlook.-NeWman
Bros. & Worms to Gustafson.
New Orleans.-Eastern traveller wires
MAY 81: Raining Atlanta; very cold, re-
tarding growth and causing foul fields.
Weld & White.
New York.-This bulge is on buying
orders abroad. Good deal selling july
by South to ship here.-Clevenburg to
Cotter g. Turner.
Gram.
Memphis receipts: Corn /, oats s and
lay 81 cars.
Hog receipts: Chicago 1000, Omaha
II 200, Kansas City 1000, Sioux City
Chicago-Receipts; Wheat 1O7, 900,
Wheat l19, 900, corn 1856, 900, oats 1876, 600.
st. Louls-Receipts; Wheat IS, 900,
corn %, 900, oats 5000. Shipments;
Wheat lie, 900, corn 10000. oats SO, 900.
Grain Forecast-minoIs, Wisconsin
unsettled. continued cool tonight; fri
uay fair and warmer. Minnesota, Da-
kotas. Nebraska and Kansas, generally
fair, warmer tonight and Friday.
Argentine Estimated shipments
Wheat this week, 100000; corn, 2,l2O,
600, oats, none.
New York wires: Understand The
wheat export company is trying tc
cancel or resell 5000 tons of rollet
oats
New York-The short interest il
| United States Steel looks to be con
siderable. For the man who wants {
long pull speculation and can ignor'
intervening fluctuations, United States
Steel is, in my opinion, by all odd
the best purchase. If | were to men
ton the price at which l expect t.
see United states Steel within a yea
| would be a target for much ridiCule
-Hensley to Shepard & Gluck.
MONEY.
NEW YORK, May 22.-Mercantil