The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-11-18
ROUND THE TICKER
Cotton.

New Orleans-Census ginners report
Nov, y will give ginninKs to Nov. IA,
comparing with sos, 40 last year. Gin
nings last year during the period. oct.
ii 10 Nov. II, were $50, coo bales. They
are probably larger this year, some look
as high as 1900 600 ginned to Nov. IA
this year.-kofler TO Clarke & Co.
New orleans-No general development
overnight. Everything seems in sus-
pense n awaiting definition. Market
may rally some more on the tropical
disturbance, but general uncertainty in
favor OF selling on bulges and there is
no danger whatever from this disturb
ance for the belt,-Kofler.
New York-Mitchell good buyer here
this morning. Liverpool selling, local
crowd following this. May ease some,
put we would buy on all declines
jung TO McFall.
New York-Liverpool, Mitchell and
Japs buying; professionals selling.
New Orleans-Technical position mar
ket much improved, strength spots sus-
tanning feature, news from Washing
ton on peace treaty nay have some ef-
feet; we expect broad trading market
with trend upward.-White to Cotter &
Turner.
New York-Cables this morning are
strong, Spinners were calling cotton
and Liverpool was a good buyer in un-
doing straddles. That there are several
features acting against values is unde-
niable, but we are Of the opinion that
for the time being at least they are
counter balanced by other factors, The
coal situation is acute. money rates
high here with probable raising Of Bank
Of England rate on Thursday to Z per
cent, Foreign exchanges are democrat
ICED, railroad troubles are threatening.
-Fallon to Shepard & Gluck,
Liverpool cables: Liquidation is fair.
ly finished but we expect wide fluctua-
tions. Bull confidence has been badly
shaken, but think we have seen the low
point for the present.
New Orleans-London silver is quot
ed a penny higher at 70 pence per ounce.
the highest price on record. This would
ordinarily be a very bullish feature, but
II is overlooked this morning, Calves
ton clears l4,0Sl bales of cotton for ex-
port-Shepard & Gluck.
New York-Demand sterling made a
new low record at 4.06, francs check
rallied l cent, S6S Tires cables were
forced down to ll,95; marks declined to
2,O5 and recovered to 2.07.-Dow Jones,
Misunderstanding down of numbers Of
coal burning cotton mills and other
plants in the South within a few days
was foreseen today in an order of the
committee of the railroad administra-
ton disseminating their supplies OF coal.
New ~York-Might go little lower on
lack Of any speculative demand, but
our advioes are spots holding firm; no
hedge selling here.-Gwathmey to Fos-
ter.
New York-Marget meeting consider
able realizing and local selling at ad-
vance; speculation still showing caution
as result shock recent drastic decline.
-Gwathmey to Foster.
Montgomery, Ala.-In contrast with
the premiums that are being paid for
the higher grades and staple cottons
are the great discounts at which strict
low middling, low middling and below
are being marketed and sold, and with
the premiums existing at the present |
time In New York and New Orleans
for December and January, it Is only
logical that a great many low grades.
particularly low mlddling and strict low
middling will be sent to these centers
because they offer a better price than
can be obtained from %spinners. This
creates a demand for the lower grades |
at the wide differences now prevailing,
and a great many large spot houses
are gathering this cotton with the IN
tention of shipping 1t and rendering II
on contract. The color and the quality
OF these lower grades Is not hlun or
grayish, as in former years, but bright,
comparatively speaking, consequently
will prove Of easy tenderable quality
We'll Brothers.
New Orleans.-Taylor, Tex, wires no
demand, exporters out OF market, Lower
grades changing hands at IS to 20 cents
a pound.-Clark & Co.
Galveston clears $4,000 bales, exports
likely to continue large. aH
New York.-Sentiment mixed. many
fear deflation process has started |
others think scarcity good grades will
force prices higher than ever. Think
and irregular markets; Texas
spot basis easier, --Cleve to Cotter &
Turner.
seems some suspense In demand al
though grade offerings better. Brokers
say lower to trade and basis must
down to do business ,-Clark & Co
New Orleans.-Market depressed ow-
ing weakness foreign exchange, good
weather and expect large %ginnings and
uncertainty as to fate Of peace treaty.
New Orleans spots reported quiet, not
much doing so far, II any change likely
lower-Beer to McFall.
New York.-Wall street and ring
crowd selling cotton.
Hubbard, New York, wires traders
expecting further rally on theory bulls
support. We look for liquidation
any material improvement.
New Orleans. Selling due to delayed
ratification peace treaty, high money
and bad exchange, which IL again
pessimism .-Fenner TO Gustaf-
son.