The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-08-14
ROUND The TICKER
Cotton.

7
New orleans-Ccnsus report shows
that shorter hours for labor is being
overcome nv increase in number OF
spindles, This win employ more hands,
which is exactly the policy Of labor
rs shown by government reports from
England. Spindles increased over half
million in July,-Clark a Co.
New Nork-Gray goods Worth street
decidedly cheaper and cloths trade de-
lRtOry Legislation, Sentiment rematns
beariSh.-Cleye 10 Cotter Il Turner,
New Nork-Tooks as II cotton will
sell lower, regardless Of crop condi-
uons,-Ferrall Of Bache q Co,
New Nork-Dow- Jones say; Impor-
tant negotiations in progress TO ar
range large foreign credits. Announce
meht may be expected o
New York-Chieago, Wall street and
local principal sellers good deal on do
nestle price fixing and on this break
port; market could very easily rally,
buying being better than selling, SEN
timent very Observation-Disclosures To
Reese.
New N~ork-Candor compels me to
state that | am in the wrong boat.
Certain facts this morning lead me to
look for lower levels breaking the pre-
$3.50 A''f hNAAA FAAFNN dAtlNeAT
ton to sell on all buDges and the goods
S, q G..
New Orleans, Yesterday German
marks declined to the new low level
Of 6h cents.
New Decentralization Cotton asso-
citation calls meeting here Sept, 2 and
j. A minimum price for cotton based
on price of manufactured product will
be decided on by the conference.-
Clark 4 Co.
New Orleans.-The Watkins bureau
is out with a condition report of 66.4,
which is bcarish because 1t points to
a crop of II, 500, 900 bales,
New York-Carpenter & CO.: The
bright dreams Of enormous purchases
and exports across the water have been
d~issipated and the feeling Of pessimism
which has been so prominent in other
circles will spread to cotton,
New Orleans, - Attorney General
Palner's requests for a broadening Of
the TODD hill to include wearing APP
parel likely to influence further UNI
easiness lest action be taken against
spinhers to reduce their working mar
GIN n lower cost Of living. This fea-
ture and weather developments likely
to govern course OF values today. Sem
timent mixed here, appears still bear
ish in New York,--Beer.
New 6ork.-Henry Clcws declares
that with government after profiteers
prices of commodities will come down
and the country will gradually return
to normal.
New IorlL-Journal of Commerce
says; The bright dream Of, big OK
ports to Germany, which used to take
about $500, 600 bales a year from this
country, Is like a pricked bubble. Ger
many Will not allow gold exports from
lts, ports for n year, American dealers
selling cotton or anything must give
IL months credit.
New Orleans-Since all influences
seem to be working toward reduction
IN values, only natural for cotton to
participate, Weather continues very
favorable and we are fast approaching
the time for movement new crop, hence
cant expect much OF a sustained ad-
vance.-Gluck.
July consumption United States
larger than expected. BIO, 900 VS.. 474, 900
IN June, and 6tl,OO0 July last year.
England adopted q Measure empower
ing British board Of trade to fix prices.
Gompers favors ownership Of railroads
by government; liquidation likely;
nearly all speculative -Beer to Mccall,
New York.-Cotton goods were veal,
and lower today; print cloths and
sheetings were pressed; buyers holding
piAFPCtts
Liverpool cables; Small, featureless
market.
New York, Boston shipments strike
VIII result many shutdowns end week;
expected settlement today, but per-
sonally looks unlikely any return work
to me.-Hubbard to Reese,
New York.--Some trade buying an.
peared Bic October and found locals
short. Liverpool been selling, Japanese
brokers principal sellers, Local traders
buying for reaction. Hubbard to Reese,
New Orleans-Labor determined ia
force naturalization of railroads and
present move to place cotton under
control of the food act are both very
disturbing factors Fenner and Became
to Gustafson,
New Orleans-While market may
work lower temporarily don't think
prices win decline much further, as
values are down to about the cost OF
production and the South will likely
resist any effort to force loser. In
Texas farmers are making a concerted
effort to ascertain the cost Of produce
ton and offerings of new crop are likely
to be light until the information Is
obtained. on which basis farmers will
hold for a reasonable profit.-Beer to
McFall.
Augusta, Ca, wires. "On further de-
cline some storage lots will have to be
sold out, and there Is no demand to
care for them"
New Orleans-Average rainfall for
May In Texas heaviest since 1914, for
June heaviest since 1899, for ~Tuly
heaviest since 1906. Total average rain.
fall in Texas for July was 4,66 VS.. 1.0l
last year. LA year beforel last and nor.
NAL of 2.72,-Beer.
New Orleans-ITollowing from Waco
Worm damage serious In North anc
East Texas. Around Temple and Tyler
the damage Is serious. Plant good size
and still fruiting. Picking will begin
about Sept. l0."-Clark & Co.
New York-Within a few days Wal
street will hear Of a furthef step In con.
nectlon with foreign financing. A grout
of leading. New York banks, together
with local financial institutions, arr
working on plans for tina formation o.
a foreign credit corporation which will
solve, for a time at least, the problem
Of financing exports to foreign coun'
tries,
New York-During first hour thlnl
prices were fixed on 20, 900 bales a
leastr-Hubbard.
New O%rleans-fhe foreign exchang,
market is weak and may be the caust
Of selling before the close, Sterling i
u point off at 4,30A, and French ex
change is II off at 1856. Augusta wires
"On any further decline some store,
lots Of spot cotton viii be sold out am
there Is no demand to take care o
them Shepard Il Chuck,
Npw Vorl-Marlfot hou baJ mon,