The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-09-29
ROUND The TICKER


tAu4'tauie as spot news sun buiUSh,
but would take advantage Of hulges to
take profits pending bureau Beer to
McFall
New York-Situation stiu buuish. but
would take profits; British situation
disturbing, --McElroy 20 Cotter a Tur-
ner,
New orleans-lron and steel review
good despite strike, England Is wait
ing on developments, particularly
whether miners and transportation
workers join the railroad strike.--kof-
Ter,
New orlesns-Map shows cloudy
While weather over Sunday was better
than expected, the outlook is for dras-
tic change in near future. Storm for
NATION In South Atlantic and disturb
ances over West Bad weather can set
In any momeut--kofltr.
New York--Outside long selling out
on English embargo continues to in
erease'~Hubbard to Reese.
New York--British embassy notifies
secretary Of state railroad strike will
probably cause holding all English YES
sels American ports until strike is over,
Also may close some English ports
account congestion freights-Hubbard
TO Reese,
Dallas--Southern Products company
estimates condition 81; acreage aban.
doned 49, yield indicated iO,4o0,O0O,
Arkansas 50, Louisiana 40. Georgia ~,
Alabama Il, Mississippi 81, Tennessee
SO, Missouri 70, South Carolina 81,
Texas 2,7o0, zoe, oklahoma 95l 900,
Louisiana 3S2 900, Mississippi $4,000
Alabama 709, e00, Arkansas s54, zoe,
Georgia $4,000, North Carolina Gal 900,
South Carolina 100000, Tennessee
100000, Missouri $4,000.
New York-Liverpool sold, been some
Southern hedge selling and profession
ais sold freely; market feels absent
shorts.-CleVe TO Cotter & Turner.
New York--Watkins 54.4 per cent
yield, 100000 bales,
New York-Local traders bought on
beliet low crop estimates would have
more effect than English strike; out
side interests been large sellers since
call,-Hubbard TO Reese,
New York-Rumor here says English
government says that II strike lasts
Two days more the government will
notify other governments viii only be
able to coal British ships.
New York--Journal OF Commerce
says: North Carolina crop Is l6 per
cent gathered against ~ per cent last
year, The season is about two weeks
late with top crop prospects very slim
Condition will be about to 8 points
under last month when It WAS SIS. In
south Carolina cotton has deteriorated
about to 10 per cent from last month
when 1t was SIS Picking Is well adj
Sanced the season is two weeks late
and top crop prospects are particularly
nil. III Georgia cotton has suffered a
severe decline; picking 10 per cent:
percentage condition may be 10 points
under last month when IL was 6i4.
New York---S. NJ Weld We do not
expect any substantial decline, at any
rate until the Septic nbar ginning fig
ures and condition report are out OF
the way.
New Orleans Liverpool feels influ-
ence of general strike. Is consider
ably worse than due. Opinions value
less at moment owing unsettled state
of labor here and abroad,-S. & @.
New York--Severe Liverpool decline
| owing English strike news followed by
scattered liquidation here, but good de-
mAnd at decline, and tone steady now
--Wyathmey to Foster.
New York--Wollman & Co. give some
interesting facts regarding the foreign
exchange situation and its effects as
| follows.
AT the low rates current week ago
l the pound was at a discount of lbl2
per cent, the franc 4S per cent. the lire
| 49 per cent and tho mark little over
| SO per cent. This was the measure Of
European buying power. The selling
| power Is in inverse ratio and Is gauged,
not by the discount. but by the premi-
UNI. The London seller of goods in New
York needs onlv s4,lS to buy a pound
| sterling In London. His premium Is
| 17.79 per cent, not 1912 per cent as
measured by the discount. The French
| exporter can receive for his American
dollars Ola francs, premium of about
| 76h per cent. The Italian shipping
10,17 lire instead OF Sis for each OF
his dollars, a premium Of 96h per cent,
| The German exporter of potash, steel
or dyestuffs with the mark around $40
would receive for his dollar, not 4l9
marks, but 31.5 marks, premium OF
$50 per cent. Translated into terms
| of commercial transactions these rates
would spell disaster to our domestic
prosperity. Europe could ask for moth
| ing better than continuance of the
| dislocation. Great Britain could get
| along with the discount Of 1912 per
| cent II her exports would net premium
| of 17.72 per cent. At the other extreme
stands Germany with her mark at a
| discount of S6h per cent, but getting
a premium of $50 per cent.
New York.--Officlal dispatch from
| London says strike is improving; food
| distribution proceeding and volunteers
are coming in very fast.
Chicago. Clement Curtis g. Co, esti-
| mate crop condition SOL and indicated
crop 100000 bales.
| New York--Action market In face I'M
| favorable adyices show how strong bull
| ish sentiment. Hubbard to Reese.
| New York, Our longshoremcn now
| threaten to strike on Oct. unless their
demand for 81 an hour granted. The
| question before the whole world now
| is whether labor Is to rule commerce or
the government -Fallon,
| New York Shipping board has sus-
| pended all sailings to the United King
dom on account of strike In Great Brit
ain.
New Orleans.--The American Cotton
association Is out with a condition re-
port Of 62.7, the lowest yet issued. Adam
| doned acreage placed per cent and In
dictated crop 0,766, 0oO.--Shcpard q
| Gluck.
New orleans--Low condition private
| estimates ranging between b2.7 and 81,
causing buying, but economic conditions
decidedly against prices. to
Gustafson,
Grain.
| no,,okl. ,.anintu. ropn nata 10