The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-06-04
ROUND THE TICKER
Cotton.

New Orjeans-We2ther conditions
Un~favorabie. particularly the cold spell
which will cause farther delay, but
clearing weather FOR u day or two VIII
mitigate views, however. from early
Indications il hooks like another spell
Of bad weather is not tar OFF clark Il
Co.
New Orleans Austin. Tex, wires
THE condition OF the crop in Texas
has been badly exaggerated. The dry
norther during the last Sc hours has
dOne more good in drying out the fields
than a week Of sunshine The weather
is getting warmer, Cleans. 4 G.
New Orleans Liverpool is very poor,
being about 10 points lower than due
to meet the stump III New York yes
terday, This ought TO cause a lower
opening, although the rains In the east
ern belt and the cold in the west should
steady things. 4 q.
New York.-Cotton opinion: J. "
| Jay-Yesterday's decline has placed the
market In a better technical position,
although we believe there Is more liqut-
dation to come, Carpenter n Co,-Re-
member his Is only "A reaction, although
a severe one. Orvis ~Bros,-Large de-
clines are not likely to be sustained
New York Spot houses buying New
Orleans and Liverpool selling trade eN-
pect further realizing. Cotton that a
not l~iquidated yesterday coming out
hubbard to Reese,
New Orleans.-Weekly report is bull
ish and contains only few consultations
OF better conditions in scattered To-
! Calittes. The keynote Of the report Is
that COO weather, heavy rains or wet
sail caused cotton to make generally
poor progress and tieloS are grassy
Clark & Co.
Montgomery. Ala.-Reports mailed to
us from all sections of the cotton belt
between the 10th and 18th OF May,
Indicate a reduction ~ acreage, as
compared with last year, OF slightly
above Sh per cent, and that 81 per
cent of the intended area has actually
been planted. Throughout the entire
belt the weather during the month OF
May, especially the latter half, has
proven quite unfavoraole, From the
present outlook we would estimate that
2 to 3 per cent of the area planted WI
have to be abandoned. FurthermoTC
we near Of the boil weevil appearing III
a great man, localities even at tins
early date, but thus far no damage Is
reported from that source, twenty,
five years ago II was a toregone ant
accepted fact that a wet May meant
short crop. Since then, however, times
and methods Of cultivation have
! changed, and while n wet May is Z
, great drawback it can be overcome b!
a moderately dry June and excellen
!. weather during July and August,-Wei
, Bros.
New York.-Philadelphia put marke
up; went down soon as through. Week.,
weather bullish, but not much as eN
1 pected Hubbard to Reese,
I Texarkana, Tex, wires; Have no
: seen such poor or rather unfaVorabi
: prospects in seven years. II they max
: any cotton in this section, condition
\ will nave to change. They can't ge
= in fields to work. Late as June 3, h
y cotton should be chopped second time
! now very little chopped first time
New orleans,-There is much talk G
Z a good spot business over the holiday
4 but most spot brokers Cmlm that thei
q market Is quiet. AS to prices Their
a Is great difference of opinion. TIL
u chances are that quotations will prob
a ably be slightly reduced, although som
4 people insist that there is no chang
n Galveston 6.430 bales exported cottol
4 There are on %shipboard in New. Oh
4 leans 80, 1874 bales, which means lare
q shipments in the near future. A yea
"a ago today the stock on ~shipboard wa
u 56,7S3 bales.-S. & G.
New Orleans.-Market was heavil
sold on the claim by pearish trader
that the weekly reports were not /
9s bad as ex~peCted.-S. IL q.
New Orleans.-Wall street still liqu
!. dation, but weather is bad except
~ Texas. Spots reported holding we
IL Think liquidation not over yet, I
y plenty stop orders to be reached, Ia
Y care.-Fenner to Gustatson.