The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-05-08
ROUND The TICKER
Cotton.

New York-The market has been
bulled TO death and is tired. Another
private estimate Of acreage reduction
places il at 10 per cent with an aver
age OF estimates so far ~ per cent, and
final will probably show but a slight
reduction. Lancashire operatives re-
fusing the 4s hours weekly and Is per
cent Increase in wages. Selling yester-
day was pretty general, with the west
rather prominent owing to the bad
break in grains. Confidence in present
values remains mistaken, but the mar
ket Is sadly in need of a digestive
period.-Fallon to Shepard IS Gluck.
New York-Liverpool bought some
local buying on idea too much rain, but
traders looking for more liquidation
Hubbard to Reese.
Liverpool cables: General linuida-
ton in a small market, but spot de-
mand good"
New Orleans-The official forecast
predicts showers in East Louisiana,
East Arkansas and the eastern half Of
the cotton region generally. Fair to
almost certain that Texas will get more
rain for the barometer to the west Of
that state is now down to 1915 and
the low pressure viii probably move
into Texas n Oklahoma tonight
Shepard & Gluck.
New York-Wall street and West
selling.-Hubbard to Reese.
New characterization due to realiz-
ing induced by favorable weekly
weather report and indications spot Of,
ferings increasing. While sentimental
advance may and probably will follow
announcement peace pact, think prices
high enough, n with continuance
favorable weather we would be in
clined to expect liquidation and a fur
Their recession.-Ellis & Co. night letter.
New Orleans-The market fell off on
the poor Liverpool and recovered on the
rainy weather over the belt, with pros
poets OF more a to come.-Shepard &
Gluck.
New York-Liverpool. smaller SPOT
people and Waters buying.-Clevenburg
to Cotter & Turner.
New York-Heavy liquidation Liver
pool. quite few notices out here; map
too wet. Weld say would not buy Oc-
tober Alntil under "a considerations
to Cotter & Turner.
New York-Thlnk market may have
reaction, but on n good setback ad-
wise Notwithstanding to Foster.
New York-Weld & Co.: while ex-
pecting higher prices ultimately we CON
slider, 1t advisable to defer buying in
anticipation of some further temporary
reaction" Hirsch. Lilienthal & Co:
Amy bullish developments would cause
a sharp advance" Carpenter & Co:
Although prices may hang around
present level for a day or two this is
only a preparation for a new advance
to another high level"
Greenville, Tex.-Weather getting
much cooler, cloudy; spot basis better.
Texarkana, Tex, wires to S. & G.:
Best demand Of season being felt here
at the highest basis OF season.
Abilene, Tex.-Excessive rains are
causing. much ~replanting, making the
start of crop later than normal.
New Orleans.-Local spot people here
say that for the first time since wal
started they are getting a demand for
cotton from Poland; firms here are now
trying to buy ocean room for Danzig.-
S. & G..
Houston wires: Weather clearing.
The demand for spots continues but
there is nothing offering at the de-
cline"
New Orleans,-Houston wires: Com
plants wet weather; Liverpool has
large orders here; steamships agent
Galveston has 1000 Havre in hand II
secures May steamer.-Fenner to Gus
tafson.
New York.-Market rather heavy;
less foreign demand; scattered South
ern selling-Hubbard to Reese.
New York.-We think well of buy.
ing July New York, selling New Or
leans at present differences. Export
situation poo here.-Newman Bros. &
Worms to Wells & Gustafson.
New Orleans.-Western and japanese
brokers principal sellers. Some un-
easiness being expressed account con,
tinued rallies.-Fenner to Gustafson.
John F. Clark & Co., members o
the New Orleans cotton exchange, viii
open a branch office in the Fall
building on May 10. 1t will be in charg,
Of Capt. W. A. Hewes, recently returned
from overseas service, who has beel
identified with the brokerage business
in Memphis for a number of years.
Grain.
Memphis receipts; Corn 6. oats 2
and hay IL cars.
Hog receipts: Chicago SO, 900, omahi
5000, Kansas City 5000, Sioux Cit,
$500, st. Joe $500, st. Louis II, 500.
Chicago-Receipts: Wheat A, 900, cor,
A, 900. oats $4,000. Shipments-Whea
ATS, 900, corn 16S, 600, oats 1893, 900.
st. Louis-Receipts; Wheat 173, 900
corn 10000, oats $4,000. Shipments
Wheat 1873, 900, corn 81, 900, oats 1876, 00(
Chicago-A grain man back from tn
Illinois grain dealers meeting at Peori
said a anvas OF the trade ther
showed most of the country dealer
bullish and are predicting 81 for corr
as there Is little back in the coumtr,
Oats are looking so good they said tina
farmers are selling freely and sent
ment was rather bearish. One argu
ment on high corn prices Is the cor
tinued advance in hogs which sold a
$21.65 yesterday, a new record, an
$4.05 above the recent minimum limi
1t is based on foreign demand for pre-
; duot.-Wagner & Co.
Chicago-Eastern demand for cor
and oats slow over night. Chicago sale
corn were 10000. Country offerin
very little grain. Looks as though cor
being liquidated on belief high price
been witnessed.-Wagner & Co.
i. Chicago.-A prominent wire hous
covering Northwest Illinois and Ger
trail Iowa has reports from its mana
gers showing corn planting delayed an
blowing stopped by excessive rains
Wagner.
New York.--Corn Products Co. RI
. ported as a buyer Of 5000 tons Anger
, tine corn May-JuneN shipment, basi
$l.40,
Chicago.-New Commission rates G
> stocks listed on the New York stoc
> exc1ange on transactions from toda
are as follows: $3.50 on stocks sellir
\ below $40 a share; $l5 on stocks sellir
: at $40 and above, but under $l25; s.
on stocks selling at SIPS and over
Wagner & Co.
Chicago.-Promirent local operator
were active sellers OF corn, also liqu
dation by outside longs. Corn weak {
. rather general selling. Buying suppo
I rather slow on way down. The veal