The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-09-16
ROUND THE TICKER
Cotton.


New Orleans-Spot resistance to de-
cine; strong technical position and re
ports storm damage In Texas causing
shorts TO cover -Fcnner to Became IL
Wells & Guststson.
New N~ork-ENpeCt further advance
Today good spot demand much higher
hasis-McElruy to Cotter & Turner.
Galveston, Tex-For past two weeks
deterioration In Central Texas has been
greatest Of any similar period sine,
beginning OF season, In most localities
running as high as so per cent, and ~,
near that North and East Texas is
nearly as bad, complaining Of staik
dylhg' IL Is almost impossible TO realize
the meagerness Of crop in this vicini-
" and there cannot possibly be much
Improvement, Parasites are damaging
squares as fast as they appear and
we are OF the opinion that the fruit
would not mature before frost. even
IN event they should cease their work.
Receipts to date very low grade. Is
per cent strict low middling. staple
pest n years, practically nothing be
low 2S-gS m-m-Beer to McFan.
New Works, NJ, weld: The mar
ket is so steady at present levels that
we advise buying on all weak Spots
for moderate profits.
San Antonio wires: storm and heavy
rains along coast destroyed entire cot
Ton crop and heavy damage in interior,
worst ever experienced.
Waco, TeX,-Small spot business.
sentiment bullish, Texas viii make poor
snoWlhg next bureau compared with
one month ago.
Victoria, TeX.-Storm of YESTERDAY
uid considerable damage to Crop In
this section. open cotton blown out
and If saved viii make very low grade.
New Orleans-Buytng ON technical
conditions and spot situation. with
the South Texas crop cut down by
storm, early spot commitments viii
have TO be filled elsewhere .-kofIer TO
Clark 4 Co.
New Hork-Look for much higher
market, heavily oversold and they are
getting nervous,-BaChe & Co. TO Nc
Fall.
New York-Pearsan says; The bull
ish midmOnth condition reports, re-
ports OF an improving trade demand
ahd the talk OF a steadier spot basis,
seemed TO be making considerable i'm,
preston on sentiment.
New Orleans-Another covering smell
on American Cotton association makes
condition b4.6, abandoned acreage g.4
per cent. Indicated crop under 10. 600. -
900 hales,-Kofler.
New York-Heavy short covering
putting cotton up,
New orleans-Think would rather
sell on this bulge for a quick turn
Barkdull, Of Beer.
New Orleans-The market has heen
caught shor and bulls are makIng full
use OF reports of n better demand and
higher prices in the spot departments.
Augusta officially quotes spots 100
points up Locally the market is said
TO be hair n cent higher, ut least. Ger
man marks are nov quoted at 3, 30,
washington announces agricultural de-
partment VIII make report on aban-
doned acreage this season ON Oct, g.
g. & G.
New Hork-Qulet, yesterdays buyers
turned sellers, see no favorable change
outside c~onditions.-S. r. Hubbard to
Reese.
New Orleans-Augusta, Ga, wires
good demand here today, basis firmlng.
Good buying by Western houses of cot
ton.-Beer to McFall,
New York-Looks like Livermore
buying MISUNDERSTANDING.
New Orleans-~Map indicates generally
cloudy weather belt; rainy conditions
over western and southern portion.
Market may be subject to pressure on
uildNoEubt lhDoT news, DuI tnlllk mar
ket will rally on bullish' weather and
spot resistance and favor buying on re.
actions. --Kofler.
New Orleans-A condition report of
bi,6 from the American Cotton ~associa-
ton Is causing some Of the buying. The
market hesitated Mt first, but Is now
advancing on reports OF storm damage
in Texas. Victoria wires that the hur-
ricane did considerable damage In that
section and that open cotton blown out
OF the bolls will be low In grade IL
saved.-Shepard & Gluck.
New Orleans-Liverpool cables thai n
steamer for Hamburg with q, 900 bales
OF cotton aboard has struck a mine and
Is sinking. The foreign exchange mar
ket Is very weak this morning. Sterling
Is off 3 cents at AJAX: francs are 27
confines off at $40, and marks 30 OF
n cent off at S,46, Francs and marks
are at new low evels.-Shepard 4
Gluck.
Liverpool cables; Very steady, some
continental and hedge selling opening,
later improved on fears considerable
damage Texas; also on serious damage
by mines to Arvada with 30, 900 bales
cotton on board for Hamburg, ship
sinking" Note-Above refers to steamer
West Arvada with %. 1000 bales for
Hamburg.-Beer to McFall.
N-