The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-10-04

but ef course the weather win have a
lot to do with this, as frost can do
harm in those sections where the In
sect pests have made il a factor
O. no moment However. one thing
enceuEaE ing TO the bears has been the
period Of warm weather, which Is help
ing to overcome lateness, and is adding
10 chances OF the late crop. In many
sections this, of course, Is not fac
tor, although IL helps by enabling pick
ing to make progress under favorable
conditions, and means better grades
The ginning report showing that l.
s5i 600 bales had been turned out to
Sept, 25 proved lateness, but was bar
rem as a price influence. The next one
will perhaps help overcome the short
ness, as nothing has Interrupted pick
hst the EeaRest outtu MaS w ssn IN ths
eastern states.
Strength so far has been marked in
the spot department, with prices In
most sections reported secondary to
prompt deliveries, showing that the
short interest had to be satisfied. This
has been especially true Of the better
characters OF cotton, and basis has
been enormous and premiums on sta
Piles have been fancy. How much OF
this sort OF business will come during
the current month will determine very
largely the course Of prices. Opinion
N ulNsIkeHl as 10 II, put untli bhStS +
Is positive evidence that the interest
does not exist chances favor the pro.
duoer maintaining a stiff attitude and
refusing to turn loose. at declines.
There Is likelihood Of a stiff con-
test hetwene spot holders and the spin
rers, after the latter shall have pro.
vided for some Of their early needs OF
scarce. The big share Of cotton car
| rsed over is of low grade, so that will
not figure much for some time How
ever, Il is considered In the calcula
| tons of spinners as to the supply and
| Is likely e. encourage them 70 continue
buying their needs only as they assert
themselves On the other hand, the
South Is in fine shape to put up .
| fight, and as many people believe that
cotton now is selling very close TO cost
of production, there will hardly be Will
lingness to turn loose If there is de-
cline.
Economic conditions will be a big
factor. as will the progress made TO-
ward ratfyiRg the peace treaty, The
illness of President Wf&on- may figure
largely in this latter, as will the ahil-
ity Of the authorities TO cope with the
problems Of solving differences between
needed most for the seller Of cotton
is increased production. for without /
there will be no relief from the high
prices of finished goods and consump-
| ton will prove disappointing.
Across the seas there is little evil
| o,ence of Improvement yet, and depre-
citation In their money continues. Slight
| Improvement in sterling exchange took
place during the week, but not enough
to be important, There has also been
| a little rise in German marks, but not
enough TO be significant Indications
are that expansion of consumption
| abroad Is going to be slow and that
fexports will increase slowly. There Il
no indueement yet for departing from
| the policy Of buying gradually which
| means that the South will have the
| burden to carry for long, time.
According to Hester, there came into
sight during the past week 2b2, 00c
bales, compared with $4,000 last year
while spinners took 100000 bales, com
| pared with $4,000 year ago. For the
| season to date takings OF American
have been 100000 bales as against
| !, $4,000.
Visible American increased $4,000
bales during the week, compared WITT
an increase Of $4,000 same weele~last
year, a relative loss Of 10000 bales
| the most bullish showing Of any week
Of the entire season The amount Wis
ible is nov 2,6s0,00o bales, against 81
| 10000.