The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-06-17
ROUND THE TICKER
Cotton.

49, NNHNAN 'hNAN
row viii be bullish owing 10 rains early
part OF the period Clark & Co.
New York.-Ttcker reports big cot
ton fire Liverpool; this may o for
strength Liverpool this morning through
covering hedges.-Huhbard TO Reese.
New Orleans-pallas. Texas, wires
Reports from Central. Southern and
Eastern Texas indicate extensive rains
are threatening 10 damage crops In
some sections. particularly cotton and
truck garden,-Clark Il Co.
New York-Little doing, traders
think effect tight money will soon be
over, waiting nov for Crop.-L. 7. Hub
bard 70 Reese.
New orleans.-Market displays ten
dency to halt, and while anticipation
bullish bureau may prove sustaining
influence, with better weather which
now seems probable. expect liquidation
and some reaction, goods report more
sober and recent reactlonRry tendency
securities market has served to dampenI
oullish enthusiasm.-C. =. Ellis 4 Co.
night letter,
OreenVille, Tex, wires. IF. o. B,
men tell me they are selling cotton
highest basis OF the season In last few
days; some farmers have been able TO
work out crop last few days, while
others unable obtain labor enough TO
handle grain and cotton. Both have
neglected cotton to save grain"
New Orleans-Percy, Miss, wires:
The cotton here looks a month late.
about two thirds chopped and one
third In the grass. The acreage ahan-
doned will be less than expected, about
five per cent, because everybody Ia IN
tho folds IL hours a day. even the man
ayers in places are working. The point
is though that fully 20 per cent OF
the cotton they are %chopping out ~
will never make, Al the planters say
though that there is hardly a chance
weevtls will get this late cotton and It
Ia all late, Shepard \ Gluck.
Navasota. Tex, wires: Excessive
rains have damaged tho crop material
ly over an area of 50 miles. Acreage
is being abandoned. Labor Is very
scarce"
New Orleans-Monticello, Miss, wires.
From here to Summit and McComb
have never seen so much grass In the
fields, or such small cotton at this time
Of the year" Liverpool cables; MAR
row but steady markes, Hedge selling
on opening, improved later on n little
Manchester buying. Locals bought on
easier exchange rates. Shepard \
Gluck,
New York wires that much OF the
nervousness there yesterday vas due
to uncertainty regarding money rates,
Cotton goods are reported In continued
good inquiry,
New York-The differences between
Lancashire operatives and masters are
still unadjuSted. but efforts are to be
made tomorrow to adjust them.
New York--Cottcn opinions. Moyse h
Holmes-A new incentive win be need
ed to cause an advance from present
levels but while the market acts tired.
IT. offers good trading opportunities
Hutton q Co,-Until there Is Il ma
terial improvement In the crop condt.
lions we remain of the opinion that
cotton should be bought IN all recess
sions.
New York-Market not acting right
considering cables and map; not much
demand, probably due break in stocks
and new commission rule. --tlevenburg
TO Cotter Il Turner,
New York-Cables strong and Texas
rad some heavy rains, but since stock
market broke, the buying power IL
Ing ,-ClevenLurg,
New Orleans-Market acts rather
tired to me and better weather would
probably cause liquidation and tempo
rarity lowert-C, L. Ellis. Jr, to Reese,
New O%rleans-If deterioration il re-
ported for the month and private re-
turns point to a loss Of about four to
six points for the first half OF the
month. the general average for the belt
VIII figure low IN comparison with the
l0-year average, which for July was
500, as the last bureau was only 1856
During June last year. the crop I'M
nTnUnH z n nninfg n nf an nAlnf tAnt
before last, SO points duHlng previous
year and bS points in 1914. .
New Orleans-Weakness in New
York, prof ably In sympathy with de-
cline stock market. causing decline
here.-Clark & Co.
New York wlresa Selling on hesitat-
ing market; think they will find II hard
to get contracts back; money a little
easier"
New York-Sentiment continued de-
cidedly bearish and room traders kept
consistently short In anticipation Of AN
other selling a this afternoon. The
South sent a few orders and compare
lively little crop news. Texas claimed
a long stretch Of dry weather was I'M
perative and that acreage abandonment
has set in; also that insects were be-
ginning to make their appearance in
ever- Increasing numbers.
New ~Orleans-The market Is soft
under selling which originated with
Wall street traders. Much Is being
made Of the drop In c~onsols. which II
Is claimed reflects an unfavorable turn
in politics. Consols for money are
Gluck.
Memphis receipts; Corn 4, oats Z and
hay s cars.
Chlcago~Receipts: Wheat ~, 900, corn
313, 900, oats 532, 900. Shipments: Wheat
II ,000, corn 147. 900. oats 2s5, 900.
st. Louis-Receipts: Wheat 20, 900,
corn 81, 900, oats 122, 900. Shipments:
Wheat $1,000, corn 81, 900, oats 1O2, 600,
Chicago-Grain markets easier at the
opening on a report by John Inglis, "A
dip Of 30 cents in hogs, some relief that
shorts were all run in yesterday. lnglis
says: AS oats are not headed II IL
difficult to say what the extent OF dam
age by red leaves may be, In Missouri
the red leaf Is thick in fields that are
headed out and they promise an aver
age crop. Heads good and well devel-
oped wagner & Co.
Chicago $500 Grain opinions, Bartlett
Frazier; Feel that upturn in corn Of
over 10 cents In less than a week Is
about enough for present, A very
bullish feeling exists In oats Clement
Curtis: with the probability OF "A late
harvest and a lowering condition on re-
duction acreage the buying OF oats may
continue until a decisive change devel-
ops"
Primary ACKNOWLEDGEMENTS: Wheat,
253, 900 vs.. 800, 900 vs. 80, 1000; corn, 734,-
600 vs. 1927, 600 vs.. 78S, 900; oats. L.
1856, 900 VS.. 1,04i, 900 vs.. $4,000. ship
ments: Wheat, 26S, 900 Va. 900, 900 vs.. o.
600; corn, GIG, 900 vs. 443, 900 VS.. 24S, 900;
oats, S74, 900 VS.. $40, 900 VS.. AL, 600.
Stocks.
New York.-One Of the trust compa-
MES will have a large amount Of money
to loan today.-Morse.
New York.--It does not seem to me a
good idea to buy generally as yet, and
the coppeis as a group look particularly
dear now In comparison with the bal
ance of the list. hut one should not rush