The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-06-16
ROUND THE TICKER
COTTON.


New 0rleans-Cotton Goods Review
says; STEADY rise in goods prices and
some cloths prices higher than govern
ment wartime levels. Print cloths re.
covered the losses sustained first part
or month. Demand for merchandise not
as keen because Of the experience that
they can't be obtained even by bidding
higher prices, %Spinners well supplied
with business, Clark s. Co,
New Orleans Map indicates increas-
ing cloudiness generally over belt. con-
ttnued rains in Texas from the gulf
storm that is likely 10 reCurve north
eastward.-Clark 4 Co.
The weather bureau rainfall at Hous-
ton 6R inches; at Galveston S.76; at
Taylor 1875.
Houston wires: ut has been raining
continuously since yesterday afternoon
and Is still raining. Think II is now
general. Shepard 6 Gluck.
New OrleRus-Weather conditions
somewhat better in the central and
eastern belt over Sunday, but ara not
settled. Decline In Liverpool probably
due TO lower freight rates, tension over
political situation,-Clark s Co.
New York wires: Wall street and To-
cal traders are sellers, but the trade
bought. Outside trade Ia small. The
fear Of high money checks support.
Sentiment is reactionary.
New Orleans.-Very disappointing
Liverpool. Somewhat better weather
prospects may cause lower market to-
day, but with good spot demand strong
technical position would take ~advantage
OF breaks to buy.-Shepard,
New orleans,-Earle Bros. OF Morrill,
ton. Ark, sold 1000 bales Of cotton late
Saturday to An Eastern m~ill.-Clark Il
Co.
Northumberland reserve board
makes plans to finance foreign exports.
FINANCIAL interests plan to organize a
group OF trade corporations similar to
that OF the cotton export organization,
New York.-Weld advises purchases,
Market easier On cables, but not weak;
trading mixed. professionals bearish;
trade in market makes price.-Cleven-
burg TO Cotter & Turner,
The New York cotton exchange COM
mission rate has been raised, effective
Monday, June is. The new rates will
be on a sliding scale based upon the
bba aIes o os t o1HtSon. per contract Of 100
Rates for Members, Members.
Below Is cents go. $1,000 $40. 90
1901 to % cents 49,. $50 rs. 90
1901 to 80 cents ..,, 800 80. 90
SO,Ol TO 80 cents ,,.. lI,b0 3b. 90
A similar increase each 5 cents per
pound advance.
New Orleans.-The rains in Texas
caused buying on opening, but the
weather map as n whole was not unfa-
vorable enough to cause a sustained
demand. Liquidation came out nj the
advance and the market responded to
~it.-Shepard & Gluck.
British consols u up,
New York,-Weld brokers good buy
ers and local shorts covered on today's
rains.
New Orleans,-Market advancing on
better spot news, better feeling over
strike situation, bad crops news and
bullish weather outlook; also optimis-
tic feeling over signing of treaty. Liver
pool says considerable heavy selling
over holidays. Little Rock reports good
spot business done. Some spot people
here sold more cotton on Saturday, de-
mand mostly for medium staple. Clark
4 Co.
Houston, Texas, wires. STEADY
aownpour since Saturday, continues to-
day"
New Orleans.-A small craft storm
warning for the Texas coast from Sa-
hine to Nalasco has been issued by
the weather bureau.
New Orleans.-Vicksburg, Miss,
wires, DeplofaDle conditions, general
opinion is that one-third of this crop
is in such a condition that 1t will not
pay to work 1t, The second third may
make very little even II worked. Cot
ton very grassy and weevil very active
already, Labor dissatisfied, lots Of them
leaving the fields and general outlook
Is worse even for a moderate crop than
have ever seen,"-John +. Clarke a.
Co. :
New York.--Sold out but bulls seem
to be holding off for another furry OF
liquidation and a consequent slump In
prices, though some of them expressed
confidence in 40-cent cotton before the
end Of August. Such predictions were
based partly on a belief that a long
period OF hot, dry weather is likely to
1ollow the present protracted wet
spell and that the plant will deterior-
ate about normally should this prove
10 be the case. -Pearsali.
New Orleans. Savannah clears 500
bales. There were no exports this day
last year. Cuero, Tex: Labor is
scarce, fields are grassy and the con-
dition Is about 60 per cent" Estill, s.
G.: About 10 per cent OF the crop In
this section has been abandoned be-
cause OF grass and poor stands. The
out look Is tho worst we have ever had
at this time of the year IS, Il G..
Bolton, Tex. TOO much rain here. -
Mexia, Tex: Labor scarce and too
much rain"
Grain,