The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-11-05
COTTON MARKETS
Liverpool Continues Eager for
Spots, Btu More Talk of
Reaction This Side.

Across the water there was no sign
today Of subsistence Of eaEernpSS for
the actual although contracts in Liver
pool are showing more irregularity and
differences between the ncars and dis
tanIs are widening rapidly. The sCram-
Die for bales is at fever heat. but there
was detected on this side today more
disposition TO look for some turn in
the TIDE, True, Il consisted more In tax
lhan IN action, vet il found more
ready hearing. Signs are not lacking
that the crest Of the rise is al hand
or not far hence, for II is believed in
some well-posted circles that the bulk
Of the short interest has heen provided
LOT ana chances favor some shake out
OF me long interests, the extent ot
Whlch Is thought considerable II may
De that some Of the conservatives are
gong TO be disappointed again. as they
nave been so many times, but in some
important quarters today there seemed
10 De tightening of the load
The weather map was a good one.
showing no tempera lures low enough
LOT most Of consequence only one sta
Iloh, Abilene, Tex, reporting frost Most
ol the belt was clear and cool favor
| ape Tor overcoming some of the effects
OF Ihe recent prolonged bad spell, and
Il was significant that from points in
IeAaS anne wires telling Of eNagGera-
ever tAls Is no more than most folks
expected, and now IL frost holds off
| long enough there are to be expecte ed
clalus OF late cotton turning out bet
yer IMAM thought possible. However,
the ginning report is ahead, being duo
saturday, and 1t can hardly be other
man publish, although some are pre-
ulCllhs lhat the ginning will be larger
than expected. There was nothing mar
| ueularly bad in the forecast The week
| ~ summary was bullish, but brought
nothing not already known
| Liverpool was not up TO expecta-
| IONS early, but later did better on the
near positions, due TO continental alb
sorption OF offerings. Finals were steady
su, ''se near and quiet for the distant
Gnu IRON ~ points up to 90 down,
Spots were marked up 1906 points. or
SlV'OO a bale, but this was DELAYED re-
Spouse TO what contracts had done
safes were 1900 bales, including IT, O0l
american, while receipts were is. OOG
paies, including $500 American.
New orleans opened off little hut
View YORK was up, responding to what
was done yesterday while she was
closed, December New York started al
SnoOc and in short while sold 3S.l0c
considerable profit taking was done. but
later the option touched 3S1Sc and then
reacted about 40 points. In the after
noon the Inst displayed good support and
seuers were scarce, despite the in
creased number of opinions that the
rise mad about eliminated. A short
While before the close December touched
9S'Soc and January S7.75c, about lOC
points above last nights closing.
spot adVices were mixed, but FOR Ger
tam character of cotton demand was
good Basis is against business worse
man II has been, but there seems nc
diminution Of confidence on the part OF
holders However, a distinct slowing
down seems near, as the amount OF
lower grades increases.
Futures closed So to SO points up; tone
steady.
New Orleans closed five points off tc
10 up tone steady. Spots were up sc
points, middling TO 4050c and sales
1872 bales
Liverpool is due to come unchanged
to three points lower.
In the local market sales reported
were 4,S00 bales and quotations were ur
100 points; middling, 42.00c.