The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-05-10
ROUND THE TICKER
Cotton.

New OFk-Ih ne Llsn DOdTu OF Lfhut
figures showing heavy exports OF yarns,
although the exports OF cloths were be
hind, stimulated Liverpool and reflected
on our market. especially with the
weather conditions over the belt. blv-
eTpool. Japanese interests and American
trade interests were buyers. the latter
under continued charging demand for
goods-Fallon TO Shepard & Gluck.
New York-Cotton goods market con-
tinues firm and active.
New Orleans-Political news is not
regarded as ~favorably as Mas the cas-
yesterday. Germany balks at the peace
terms, but h rest OF Europe seems to
think that after the first storm OF pro-
test is over Germany viii take its
medicine-Shepard q Gluck.
Official forecast calls for dry weather
over the western half of the belt, with
rain probable along the Texas coast
districts.
The eastern belt forecast calls for
dry weather, except for thundershowers
In North Carolina.
New York-Many think the technical
position Of the cotton market is becom-
ing weaker. There is said to be a long
interest in new-crop months. Bears
have been overawed by the quickness
with which rallies occur when least
expected. If something of a distinct
oAA' hiHH bNAll 1911 hhAulV SliOulu OC-
cur there would. 1t is argued, be some
heavy NEUTRALITY-SUSPICIOUS. of Com
merce.
New York-Market still oversold, but
would take profits on further advance.
-McElroy to Cotter & Turner.
New York-South and Liverpool
bought; trade expects higher, fearing
further rains Sunday.-Hubbard to
Reese.
New York-Geron now selling; Wal
Street llquidating in narrow market
Hubbard.
New DEMONSTRATING more active
and market altogether broader than for
weeks; buying inspired by favorable ca
bles and complaints rains delaying farm
work. Sentiment generally bullish and
further advance likely unless weather
improves, Spots, however, more fully
offered. and with clearing weather
much cotton recently bought would be
for sale,-Ellis & Co. night letter.
New Orleans.-Market fell off on the
distinctly Deter turn in the weather.
The outlook seems to be for generally
lair weather Sunday over the belt, with
somewhat cooler temperatures, but the
weather will not be cool enough to
hurt. High pressure is showing up in
the Pacific northwest which should
mean several days of dry weather.-S.
& G.
New orleans.-Weather better than
expected, little rain over night; po-
litical news favors some reaction
Clark to Cotter & Turner.
New York.-Scattered liquidation fol-
lowed by room selling early purchases.
Hubbard 10 Reese.
New Orleans.-Prospects clearing
weather and weekend covering caus"
ing asiness.--Fenner to Gustafson.
Grain.
Memphis receipts; Corn none oats 4
and hay 3 cars.
Hog receipts; Chicago 5000, Omaha
5000, Kansas City 500, Sioux City 1000.
st. Joseph 1900, st. Louis 5000.
Chicago-Receipts; Wheat 2 900, corn
$4,000, oats 247, 900. Shipments: Wheat
296, 900 corn 81 900, oats 248, 900.
st, Louis-Receipts: Wheat 1872, DOE,
corn $1,000, oats rs, 900. Shipments:
Wheat $4,000, corn 5000, oats ITO, 900.
Chicago.-Our advices this morning
show farmers are busy in Iowa and
Illinois fields planting corn today
Wagner & Co.
Chicago.-The weather shows a vast
improvement, Hog prices are off one
cent a pound on largest receipts since
February and further dips in hog prices
are possible, as packers expect large
receipts. Argentine corn is offered
around 10 cents under domestic prices.
About $3.50. 10000 bushels on the way to
the United States. Traders believe
leaders desire reduced living cost and
say the new crop prospects are too
powerful for maintaining bulges. The
small corn receipts tend to create
tightness in the May price. II good
weather prevails May 10 to May 20 the
trade will then likely figure enlarged
corn receipts at end of May.-Wagner
e. Co.