The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-01-28
ROUND THE TICKER
Cotton.

Lawrence. Mass.-Textile workers
have delivered an ultimatum to mani
~facturers asking II they will be granted
As hours a week and be paid same
wages they now receive for 54-hour
week. \
New Orleans-The expectation that
the South win force fair treatment fol
cotton at hands Of shipping interest is
the sustaining influence of the market
this morning Shepard & Gluck.
New York-Hutton & Co: with the
general unfavorable conditions outside
of the cotton trade there seems little
hope for any zeal bull movement in
cotton at this time" Jay & Co.: Gen;
volume and therefore fluctuations are
influenced easily on either side depend
ing upon the size of the orders"
New Orleans-Liverpool cable spin
ners calling freely; more restrictions re-
moved.-Clark to Cotter & Turner,
New York-Cone and Sellar sold after
opening, but Mitchell came in and raj
lied it; Hubbard now selling.
New Orleans - Reduction cotton
freight rate expected shortly; genera
protest against further decline, more
signs consumers demand; think turn
ing stage market reached and purchase
all dlps.~Clark to Cotter & Turner.
New York-Liverpoo1 cables better
demand Observation-Disclosures.
New York-Mitchell continues ag,
gressiVe buyer; JaDs not selling; per
haps they are through.-Cleve.
New York-Mitchell bought largely
July; traders expected larger demand
for eXport.-Hubbard to Reese.
New York-Majority sentiment still
beariSh, based on labor troubles, in
Creasing unemployment, poor demand
goods and small exports. Spot friends
say no appreciate improvement de
mand and say lack foreign demand due
largely inability Europe finance pur-
chases, Liquidation supposed to be for
Japs been much more extensive than
looked for and am told more to come,
Bears talking 10 cents for May and peo-
pie bearish who were bullish at g
cents, which Is usually good indication
mat market should be bought, particu-
larry July and October. Unfavorable
preparation reports coming from west
ern belt and Atlanta wired that decline
Will seriously curtail acreage.-Cleve
night letter to Cotter & Turner.
New York-Some demand for May and
New York-Some demand for May and
at moment.-Hubbard to Reese.
New Orleans-President Orme, of the
Liverpool Cotton exchange, cables the
New Orleans Cotton exchange that the
proposed new contract has beer
adopted in the market with its basis
the Liverpool grade of fully middling
equivalent to the U. S. standard grade
OF middling; nothing will be rendered
below low middling and single months
will be traded in, in the new contract
in effect Feb. 3.
New Orleans-Tattersall. of Manches.
ter, and great English mill authority
says that the Lancashire mills in 1911
made the greatest profits In their his.
tory. He says: After allowing for de.
probation and interest the average
profit works out at "a per cent
Shepard & Chuck.
New orleansnYesterday's report o
a cut Of two-thirds in ocean freigh
are confirmed, but cotton does no
share in the reduction. This will hrint
a storm Of protest from the South ahC
II Is bound to have result.-Shepard &
Chuck,
New York-Mitchell buying; spot PEG,
pie say there is not a bale for sale II
the South at decline.-Cleve to CotteI
q Turner.
New York-American cotton freight'
cut; British retained till March t
blockade Southern shippers; Liverpool
~straddlers heavily short here and mus
cover owing reduced cost landing Liy
erpool-McElroy to Cotter & Turner.
New Orleans-Savannah exports to
day ll,7l7 bales. Liverpool
hat neutral countries will be allowed
to trade in that market from now or
Liverpool cables: %"Spinners callet
freely" Market steady now.-Shepar,
& Gluck.
New York; hear one of foreign com
missions Is moving fall their Marc
hedges to July, adding to the tremen
dous hedge short interest in tina
month: one of men with big spot hous
says expect July sell 300 over Octobe
eventually.-CleVe to Cotter & Turner
Houston wires: There is more spo
inquiry today.
New Orleans-Some investment buy
ing on theory bearish influence dis
counted and low freights viii bring in
creased export demand.-Ellis & Co.
New York-Llvermore reported buy
ing on idea Liverpool will be large buy
er and Manchester able distribute good
more freely with reduced freights owe
WORLDS, T. Hubbard to Reese,
New Orleans-It Is officially an
nounced through Southern congress
men that the shipping board has name
a rate to 10 into effect Immediately o
cotton out Of gulf ports Of $3.50 pc
bale. against the old rate of 1923, so. TIL
would be 81 so per hundred pounds
Shepard & Gluck.