The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-09-30
COTTON MARKETS
Cables Stronger Than Ex.
peCted, Causing Moderate
Rise on This Side.
Tuegday Afternoon, Sol. ).


Liverpool reversed herself today and
came much better than anticipated,
which helped give strength 10 prices on
this side. Cables were mixed as to just
what caused the foreign strength, but
before the day was over Il appeared I'M
mistakable that the strike situation
was better, for efforts to broaden the
trouble were meeting with little sue
cess. However some cables said that
the occasion for the sharp rise in prices
over there was the stoppage OF ship
ments from this side But more than
likely the feeling as to the strike was
behind II ALL for if failure meets the
attempt to throw the country into dis
order this will quickly result IN ship
ments being sent forward again.
Labor conditions in this country were
but little changed. although the stock
market reflected more optimism as to
the outcome. There was, to say the
least, no indication of the men having
any additions to that side, while ex-
pressions from the employers were more
confident Of victory. In reality the mar
ket was paying less attention to the
strike, for it has been pretty well dis
counted
More private reports on condition
came, but they did not result In ideas
being changed. and it seems that expec
tations are for the official guess Thurs
day TO be under So per cent, the average
so far being close to 81
Traders apparently were disposed to
bide their time and do but little until
the report comes, which resulted In a
narrow and comparatively featureless
market.
The storm Of which the department
warned late yesterday was not showing
signs of entering the belt, reports dur
ing the morning telling Of It being about
200 miles off the coast Of Georgia and
headed north. Weather conditions in
the belt were favorable and there was
nothing to suggest trouble, although
some look for the weekly tomorrow to
be little unfavorable,
Liverpool was due to come to
points up, but did much better and fin
nished quiet at net gains Of AZ to %
points. Spots were marked up so points
middllng to 19.s4d, with sales 1000
bales, including $500 American. Re
ceipts were 1900 bales including 10000
American. Manchester advised that
cloths and yarns were quiet and firm
Opening prices on this side were
higher in response to cables, December
in New York being up 20 points. at
32.S4c, A slight dip followed, but then
seemed to satisfy the bulls. Thereafter
the entire list was In a rut almost and
did not fluctuate much.
News from the spot department was
rather scarce, but less was said OF how
keen was demand, indicating that shorts
had largely protected themselves and
were waiting on developments, The
| sterling market was lower, although
| German marks were slightly higher.
Francs were also off moderately, all
of which did not inspire much optimism
among the exporters. ...
Futures closed 10 to rs points up,
| tone steady
New Orleans closed 5 to 10 points
higher tone steady. Spots were I'M
were 3,415 bales.
Liverpool is due to come s to Ii
| points lower,
In the local market sales reported
were 1900 bales and quotations were
up so points, middling at 32.50c.