The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-05-24
ROUND THE TICKER
Cotton.

NeN ana heaNy rams
ever Texas gave the bulls the ad-
vantage again and contracts are very
scarce. sentiment is very confidently
tClllsh and talking u 40 cents or even
% cents should bad crop news continue.
-FallOn.
Dallas wires: The spot demand con-
tihues brisk"
Rosebud, Tex, wires: Heaviest rain
since 1916. Very little improvement in
the crop from here to San Antonio"
Shawnee. Okla, wires: Rains here
detrimental to the crop"
Forecast is for rainy weather with
NOT much change in temperature for
North and South Carolina, Georgia,
Florida, Alabama and Mississippi. This
means that highly unfavorable weather
VIII prevail over Sunday in the entire
eastern half of the belt,
New York-Carpenter & Co: Con-
slider demand last few days been more
speculative than heretofore. Oryis
BROS. Think sales on sharp upturn may
result Just as profitable for quick
swings as purchases or depressions.
New Orleans-Southern spot markets
yesterday sold in the aggregate over
$4,000 bales of spots at al average price
OF over 80 cents for middling. Hous-
ton wires: Heavy rains and winds all
night. from Ennis to Houston M still
raining" Ferris, Tex, wires: There
will be 10 per cent more reduction in
acreage should the rains continue.
Labor shortage is alarming. Worms
causing some concern" Dallas wires:
Texas short cotton is selling above
81 cents and is hard to buy shepard
& Gluck.
New Orleans-The government an
nounces that the first condition report
OF the season will be issued on Mon
day. June 2. 1t will carry the crop
down to tomorrow, May 25.-Shepard Il
Gluck.
New York-Big spot houses heavy
buyers July on call, Have very poor
Hubbard to Reese.
New York-General buying with light
offerings, bad map, goods market con-
tinues strong.-Clevenburg to Cotter Il
Turner.
New York-Heavy profit taking alb
sorbed like sponge; looks bad weather
ahead.-McElroy to Cotter & Turner.
New York-No use predicting any
thing so long as weather keeps bad;
everyone bullish and probably covered
until clears; meanwhile don't forget
this kind market nay turn on most
Unexpected thing .-Hubbard to Reese.
New Observation-Disclosures advices in
dictate that mills are in urgent need
Of cotton. Dry goods reports still
strong, latest says there were further
advances in dry goods and colored cot
sharply. Bradstreet's review says:
cool, rainy weather and the loss of
some spring planted crops, especially
corn and cotton affected smaller mar
kets but increased activity, strength,
confidence is revealed in the larger CEN
tiers. On balance jobbing and retail
trade reports show a shade slower thar
last week.-Clark. e.
New York-Theodore Price issues a
final warning and quotes a London
writer who in 1915 predicted his peace
boom in the United States and warned
Of it's leading to failures, rises and de-
p. essions.
New Orleans-Excitement over bac
weather development causing advance;
spots strong.-Fenner to Gustafson.
Grain.
Grain forecast: Illinois and Missouri
Part cloudy tonight and Sunday, pos
sibly showers, not much change in tenn
perature. Wisconsin, Minnesota, Iowa,
Dakotas, Nebraska and kansas-Fa1r
tonight and Sunday, not much change
In temperature.
Chicago-The wheat export company
Is trying very hard to cancel, also re-
sell in this country, all corn goods and
oatmeal bought recently on account or
abundance of supplies in England; also
liberal purchases from other sources
much below American values.-Ticker.
New York-Sharply higher levels are
indicated for all steel issues. There IS
a special demand for Gulf States and
Sloss- Sheffield. It's my impression h a
United States Steel will go to the
112-115 level next week. Strongly favor
purchase of the rails shares n very
soon you will see, l am sure, a big mar
ket in copper issues.-Hensley to
Shepard & Gluck.
Chicago-A mixed situation exists in
corn. There are numerous bearish
factors, the main one being the price
as local traders see it. Their views
have not agreed with those Of the coun-
try holders who have been the rea
price makers on this crop. At present
they are not much a factor, as the feed
ing demand is less active and hogs
which nave been the basis for much OF
the bulge in corn have declined. Spring
field, H., reported sales of cash corr
yesterday at $1.80 and said that much
corn will have to be r%eplanted. Illinois
farmers are not selling as freely as are
those in Iowa. Corn is moving rathe'
freely in Northwestern Iowa, accordins
to reports from the travelling man of
local firm. Practically every station III
visited yesterday vas taking in corr
and oats. South Dakota offered corr
freely at NEUTRALITY-SUSPICIOUS..
Chicago-Omaha houses were moder
ate sellers of grain. Wagner is the bes
seller of grain so far.-Thompson-Mc
Kinnon.