The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-12-06
NEAR MONTHS ARE
WELL SUPPORTED
Shorts Cover When They See Chance of Deliveries
Sllm-Cables Strong Feature-Coal Strike and
Political Situation Cause Hesithncv.

fluence its entent was chiefly negative,
ms nobody seriously thinks she can re-
sist the pressure to be brought to bear.
contributing to the attitude Of hest
fancy was the fact that next week will
see a census report on ginning to Dec.
Doth OF which were preceded by private
reports. Most Of the crop estimates
were In line with expectations. but one
on Friday, accompanying figures on
ginning, tended TO slightly elevate ex-
pectatlons. Should there be Official
confirmation, some alteration in market
arguments Is by no means improbable,
for values 0 ruling have been pre-
dicted on a smaller supply than indI-
Gated, even II quality is bad.
Ginning Figures Monday.
The ginning report will be issued
Monday morning at the opening. and is
eKpected to show something near 1000, e
900 bales turned out, ideas beirg based
on the private report. The crop esti-
mate win come on Thursday and expec-
tations vary from 10, $50, 900 to slightly
over IL ,000, 600 bales. The average IL
perhaps a little above 10, 500, 900. But
position Of holders so independent there
has been less disposition than usual to
give much weight to statistics. How
ever, II is hardly likely that the spin
ming world will overlook q chance for
getting prices down some II the official
guess promises a crop well over what
was expected up to several weeks ago,
There would be a contest, at least, and
In a few more weeks the shadow Of a
new crop would begin to cast itself.
Speculative features during the week
were few and trading small, Sentiment
was more nearly on the bear side than
for & long time, but spots dominated by
hNIAtnm aAAnIvV aaI AnaAAn- A. -
months to partially reduce discounts
thereon. Whether this be the case with
the other months as they come is a
mooted question.
The visible supply continues to in
crease, and Hester makes the American
visible 4,2l7,0 900 bales, compared with
1907 900 a year, ago, the weeks gain
having been 1000 bales. All kinds WISH
BILE total 5,379, 900, compared with 4,144,-
600, a gain OF 116, 900 for the week. The
same authority said that spinners took
4bS 900 bales, compared with 356, 900,
making the season total to date 4,42s,-
900, compared with S.S77'oee;c 1 The move
pared mSSt INTO With s's't 100, Sss 'f last SSm,
the season total being 5,442,O 900, as
against 5,0S2, 900. Exports for the past
week were moderate and the season
total Is about 200, 900 bales. The
amount or shipboard ready for clearing
is considerable, but the low exchange
rates suggest that the handicap to
movement abroad Is going to continue
serious.
Indicating some OF the effects Of the
abnormally low exchange rates and the
conditions prevailing In some of the
foreign countries, a cable from Liver
pool Friday said 1t was reported there
that certain German importers were
contemplating reselling to Liverpool
some cotton they had at Bremen be-
cause the depreciation in marks made
It more profitable to dispose Of II In
that way than TO try to find a market
for II In their own country, The amount
of such could hardly be large, bat the
Significance OF such would perhaps be
TAI -roaching, as 1t would tend to lessen
confidence In the ability Of Germany to
be as good a customer for our raw ma
terial as has been contemplated. Just
so long as there is lack Of peace be-
tween the United States and Germany
there will be delay in making progress
toward resumption Of trade relations.