The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-01-13
ROUND THE TICKER
Cotton.

Cotton.
Houston-Summary Of precipitation
for Texas during December shows the
following The average for the state,
as shown by the records Of 1893 sta
tons, was 3.6G inches. The mean de-
parture from the normal for III sta
tons having 10 or more years record
was plus l2s inches. The greatest
monthly amount was $50 inches at
tlurksville, and the least, $50 inch at
% = ranch. The greatest amount In "a
consecutive hours was $40 inches at
Winfield luear) on the 18th. The great
e. monthly AMOUNT of snowfai~was
900 inches at Bovina. The average
humber Of days with col inch or more
OF precipitation was 6.
Reported locally that Marshall Field
4 Co. Chicago, n Rtce-Stix & Co.,
st. Louis. cut cotton goods 90 per cent
on account OF limited demand,
New York-Further long liquidation.
together aggressive local short selling,
caused recession; trade chief buyer
tuture,-Gwathmey to Foster.
New Y~ork-Liverpool and leading
bun houses bought after opening, but
demand seems satisfied professionals uu
against II. There isn't enough bull
speculation to sustain advance.-Cleve
10 Cotter IL Turner.
New York.-N. l.. Carpenter & Co:
The spread of Industrial unrest first
in Europe and then in this country
and in Argentina Is giving conserva-
i've people considerable concern.
S. NJ. Weld: We think the recent de-
cline has eliminated much OF the spec
ulative long interest, and we are in
clincd to look for a good recovery in
the near future.
New York-Mitchell been good buy
er; Castles also hid; this is double edged
proposition; If no outside buying comes
m there viii be cotton for sale, other
wise we might rally.-Hustace Hub
bard TO Reese,
New York-New Orleans and the
South continue selling and this, with
small exports and Wall street weak
ness, tend to create a bearish Senti-
ment locally. On the other hand the
labor troubles at our port are adjusted.
and Liverpool for several days has
decline a trtfle more. but we doubt it.
and still view the situation hopefully.
-Fallon to s., & G..
New York-Understand this selling is
on report big cut in dry goods.-Hub-
bard to Reese,
New Orleans-Wednesday ends the
last of semtmOnthly ginning periods Of
the season, Private forecasts Of gin
ming will probably be received before
the last Of the week, They are eX-
pected TO be bearish-S. & G.
New Orleans-Sentjment very bear
ish. but long interest has been mate
rally decreased on the decline. and
believe market is in position to re-
Apond very quickly to any favorable
de'clopments. l would not get too
beartsh-Gluck.
New York wires: Further liquida-
tlon and aggressive short selling caused
the decline. Trade chief buyer"
New York-Btg cut prices Fruit of
Loom and Lonsdale will likely cause
further decline spOts.-McElroy to Cot
ter & Turner,
Unsettled weather conditions are the
forecast for the western cotton belt
Rain or snow is probable in Texas and
oklahoma, and some rain is probable
in Louisiana, Cloudy to fair in Ar
Kansas.
New Orleans-Better Liverpool, New
York strike abandoned, bullish steel
review, but bearish CONSUMPTION CEN
suS Wednesday,: favor buying depres-
sionS,-Clark to Cotter Il Turner.
New York.-Would not sell now. Pre-.
dict sharp reaction because bad news
out; temporarily believe this dry goods
cut means lower prices, but locals all
short on it.-HustaCe Hubbard to Reese.
New Orleans.-DeCline has put con-
tracts at a great discount under spots
and for that reason would advise eau
ton following declines, although we are
stu disposed with wide fluctuations
to look for lower range values.-Ellis
a Co, to Reese,
New Orleans.-Some very bearish talk
is heard regarding the census bureau
report on American consumption for
December due first thing Wednesday
morning. This talk is encouraging sell
ing.-S, & q.
New H~ork,-Jenks says Is afraid the
tendency toward lower prices in all
commodities Is going to drag cotton
down. Holmes thinks probably lower
temporarily, but ultimately much high
er,-CleVe to Cotter,
New Orleans.-Oue New York tele-
gram says. Everybody expects lower
prices on everything. Which about sums
that the matter is with cotton this
morning IS. & G.
New York.-Prices for leading lines
of cotton goods have been reduced
sharply. Fruit OF the Loom has been
marked down ntnc cents to u cents n
yard. LonSdale has been cut six cents
to 10 cents a yard These are the great
est reductions ever made at any one
time since the Civil war,
New Orleans-Bcarish tactics con-
tlhue New York, lower spot quotations
and bearish census Wednesday counted
on for decline; prefer conservative buy
ing policy owing to technical condition.
Clark to c. ~ r,
nro,r