The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-11-17
ROUND THE TICKER
Cotton.

Cotton.
WashinEton-Census bureau viii issue
a report on c]ottonseed M eottonseed
products covering three months ended
oct. 81, at 10 am. on Nov, ~.
New Orleans-Foreign exchange Is
very weak today and several rates are
al new low levels, Sterling Is OF ~
cents at 4.0SA franc are points OH
NJ 9b5, and marks are is eff at 2S5-
Shepard & Gluck.
G~wathmey New York, wires: Ac-
c,imulated selling orders over the week
end caused a lower opening. The mar
ket stin feels the effect Of the recent
shock. We are inclined TO expect some
rally in the near future as our adElces
indicated spot markets are not yleldlhg
Next ginners' report by census Noy
q will report cotton g1nned 20 I4th
INST. Returns likely be rather bearlsh.
will compare with only s-s ,VVu-IoE pas
period last year and 1885, 600 year pc
fore last,
New Orleans-Lower owing uncertain
~ and finances. After close 81 market
Saturday Huston. Texas, wired Trad
inc gpots much c~urtailed, Little INQUIRY
exeept high grade staple characters,
Likewise few lots only offered, Beer.
New York-Banks will not "lug, the
load" Looks like liquidation VIII go
on in all markets-Hood to Mcfau'
New Yo~rk-Governor federal reserve
announces cotton loans safe, but banks
must watch grades and have safe mar
gins accordingly; expect good rally
McFlroy to Cotter a. Turner.
New York-wagner's selling saturday
supnosed to be last Scales line. Jour
naf Commerce ascribed weakness TO fear
ti0ht money and fear deflatlon. Market
Getting short. Turn should come soon
t%leyenburg TO Cotter & Turner.
New York-lf we have another sink
ing spell in cotton | should say that us
purchase had passed from the specula-
tive into the investment class ~ g oem
bulls are now turning TO 80 and 1b-ceht
cotton. Dry goods markets. strong az
highest levels Of season.-Slater to Me-
FAN.
Waco. Texas--Month Of rainy wealth
ar followed by frost and freeze, De
stroyed considerable cotton, REMAINDER
unpicked crop will be chiefly oollles aha
very low grades. Texas crop may no.
exeeed 1000, 600 bales, Farmers hoL
ssIiinS since decline and holding for AZ
cents.
Nav Orleans-Think II no decline
from this bulge liquidation over AND
market can be safely bought.-Fenhei
to Gustafson.
New Orleans. Spot people report
market ouieter with more disposltloi
ia offer and to consider an easiel
basis, but there Is no real pressure v
sel-Kofier. g..
New York wires Mitchell buying, thi'
usually for Wall street.
New ~York.-Trade interests goo'
huyers. Japan heavy buyers. LOON
IKE shorts running to coVer'-felI"
TO Clark a Co,
New Orleans-The market rose on
demand that was easily recognized :,
comIng from professional sources II
some quarters the charge Is made Una
certain interests are trying 10 pun W
nriee higher in order to get a bette
selling basis. New York messages NJ
taking about an oversold market on IN
one hand, and higher money rates ol
the other.-Shepard & Gluek.
New York-Accumulated selling or
ders over weekend caused lower open
ing: market still feels effect OF reeen
shock although inclined to expect som
rally near future as our adVlces lhul
cate spot holders not yielding'-Gwath
mey to Foster,
Grain.
ChicaEo.-Ticker reports a change !
corn sentiment among the leadlh
houses, There is some ak OF ca
shortage in sections and corn future
are regarded by some as being over
sold.-Wild to Shepard a Gluck.
chicaEo.-A local cash grain handle
who has returned from Western low
says only q small percentage OF "
ears being received from more Easter
roads are ut fop low grades. Man
show disposition to hold their gran
and elevators are not inclined to bu
until they get suitable cars,-~Fones,
Chicago,-~An analysis OF the govern
ment report on corn with Its 2,9lO,OO
OO0, an increase of 327, 600. 900 bushels,
8 per cent over last year, and l6l 900
006, or 6 per cent above the 1919
average presents a number of strikin
features which bear upon market COZ
ditions in an influential way, The seVe
surplus states, Ohio, Indiana, llllnoi
Missouri, Kansas and Nebraska, hay
L,4S4, 900, 900 bushels, or a big feedel
corn as well az a shipping OF a, 600 on
$40 900 more than last year,-Tr
hume.
Chicago. Movement Of cash co,
with demand small, Sentiment Is again
any bull movement at this time, low
prices look probable,-O'Brien to M
Fall.
ChicaEo.-A larger supply of cars al
increased movement of corn have
unanimously expected that II In qul
possible this condition has been ful
discounted In the price, II Ia not likt
that the supply Of cars WIN bring abo
a surplus, II Is possible that tran
portation will be hampered by the &C
situation, as last weeks output Of 8,
coal was the smallest on record II.
NJ. to Clark g. Co,
Forecast. Illinois and Missouri, fl
tonight and cool, Fair Tuesday a
Wednesday with moderate temperate
Wisconsin, Minnesota, Iowa, North i
kota, South Dakota, Nebraska and ka
sas, fair tonight and Tuesday, not mt
change in temperature,
Memphis receipts; Corn L., oats
and hay 26 cars.
Hog receipts: Chicago $4,000, 0ma
5000, Kansas City 1900, Sioux c
1000, st. Joseph 1900, st, Louis l0,o
Chicago-Receipts, Wheat 1873,
corn 10, 600, oats 214,000. Shipmen
Wheat 10000, corn $4,000, oats 1874
st, L~ouis-Receipts: Wheat .264,C
corn 1871, 600, oats 254, 600, Shipmer
Wheat $1,000, corn 1000, oats SIS, O0(
Chicago,-Pressure on corn today
been somewhat light, Shorts HI
bought helping to cause the bul
= II the miners do not return to W
for a week or two the railroads may
seriously hampered and the Decem
corn movement fQay be delayed u
January. outside cash markets In c
reported heavy. Indiana cash corn 6
ported heavy. Indiana cash corn s
cents lower.-Wild to S, Il G..
Boston wires: Policy Of the fed,
reserve board Is to force speculat
out of the stock market and di'
money into government securities.
Chicago.-There is more talk that
corn industries In Chicago may clos,
account Of the coal situatien-E,
Wagner.
Stocks.
49,. val co,4harn nan!F, III