The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-08-11
ROUND THE TICKER
Cotton

Cotton.
New Orlcans-st Maurice. La. wires.
ln the last two weeks the weeyil has
virtually destroyed the cotton crop in
the cotton lands, from Alexandria 10
COushatta, a distance or about SO miles.
Cotton In the hills Is also being at
tacked.-Shepard & Gluek.
New YofK-spinners are buying cot
ton.
New York-AverllI selling; also To-
cals,-Hubbard 10 Reese.
New York-LiverpooY and moderate
trade demand absorbed offerings In
small market-Hubbard early wire.
New York-Saturday buyers turned
sellers because storm did not ma
terialize-Hubbard to Reese.
New orleans-Consols opened sly up
ia Exports from all ports to Europe
this date last year none, nay be large
today.
New York-Market steady. not much
business; think purchase on breaks
Gwathmey to Foster.
New Orleans-Montgomery writes;
Close personal inspection OF some OF
the finest looking crops of our best
planters reveals destruction by boil
weeVil beyond anything we had eN-
pected to find. Apart from the cotton
crop, all fruiting killed al soon as put
on. Planters disposed to give up fight
With such weather and boil weeviI
conditions over vast area great reduc.
ton from previous prospects imminent
New Orleans Semimonthly private
crop condition reports due this week
probably figure rather bearish. Census
consumption report for July due Aug
II. returns compare with $4,000 lint
and 1903 900 ~linters. or a total Of $40, 00C
last year, likely to be smaller for July
this year. The report aG the tropica.
disturbance discouraged shorts. en-
couraged longs. Future developments
uncertain hut appear to favor bulls fol
the immediate Nture so far as climat-
ic conditions are concerned.--Beer e
McI'all.
New Orleans-5Market opened 8 TO q
higher. but sold OFF on disappointing
quiet, weather bulllsh. Foreign new
the only detraction, the Rumantan af-
fair may check support and caus some
selling, Looks like a traders market
Clark Il Co.
New Orleans-Many sections report
ing unsatisfactory crop news. Supply
contracts limlted.-Fenner to Gustaf-
son.
New Orleans-Boll weevils did ION
siderable damage past week Contra.
and South Central Texas, and South
shape. Early receipts new crop eX-
pected liEht.--Beer to McFall.
New 0Pleans--Map Is bullish, Shows
clear in the West; no rain except Q
shower at Houston; cloudy eastern hall
except fair North Carolina with gen
eral rains and very heavy ones over
southeastern quarter, shows prellmi'
nary storm conditions.-Clark & Co.
New yOrleans-Havre dock workers
for that port in larger quantlty,-Clark
& Co.
This Is tho way one New York fl
nancial writer sizes up the situation;
Meanwhile the discount on sterling IN
New York, and a corresponding premi-
I'M on dollars in London, will tend tC
cause British importers to curtail buy
ing in America and will stimulate Brit
ish manufacturers to export goods &c
importer will seek to avoid the payment
of a premium Of 10 per cent on i'm
ports merely on account OF the eX-
change, while the British exporter will
receive 10 per cent more In sterling
on goods sold In America. Thus the
element Of exchange will tend to re
duce consumption and stimulate pro-
duction in England until equilibrium Is
restored.
New Orleans-The proposal to ex'
tend government control to the textiles
attracted considerable attention bul
was generally Interpreted as designed
to prevent undue profits on manufac-
lures rather than to curb raw materia
values.-Clark & Co.
New Orleans.-Ennis, Central Tex.
We would cal your attention to the
fa,t Tint tttkan nnttAn4 NpnC sailing nj
Is cents per pound, labor was paid $1.25
per day, while picking cost only 90
cents per 100 pounds, now the ex-
pense Is more than three times that
amount, and for this reason we be-
lieve that the crop can hardly be prof.
table to the farmer at 80 cents pei
pound and that the producer will be
stubborn about marketing his crop al
less than that figure,--Beer.
New Decentralization are storm
will not pass into gulf.-White.
New York.-Market easier ON scat
tered Southern selling, local pressure
and momentary lack trade demand,
which apparently was supplied last
week.-Hubbard to Reeses
Ennis, Tex, says; ''The deterioration
Of the cotton crop last week, due to
sudden and terrific assault of worm
and other insects has caused great UNI
ehSlllGSS. IL ~ SURPRISING " SSO lhS
great damage done in so short a time,
whole fields being completely devas-
tated,"
New Orleans,-Bear pressure In New
York. Think cotton price level right
Crop news getting worse every day anc
more bad weather Indicated, Don't
think 1t will be long before cotton de
velops strength again. This is only
bear raid,-Clark Il Co.
New Orleans.-Advisory warning
Tropical disturbance III Caribbean 1.
moving westward, apparently Of Sigh
intensity. Indications are that it viii
not pass into gulf Of Mexico.
New Orleans,-The market Is getting
little or no. support from any quartel
and has drifted back into the condition
It was in last week when 1t vas in TIL,
grip of the agitation against the higl
cost of living, Some New York firm
are wiring out that prices of every
thing must work lower and that tn,
turning point in values already ha'
been reached; crop accounts are, gen
orally u~nfavorable but are having n,
| Effects, & G.
New Orleans.-A much better spo
/ demand is reported In this market an
the largest sales In days. Prices appea
to be unchanged.-Shepard & Gluck.
Grain.
Aopnbis ranaints rnrn ~ oats .