The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-05-28
ROUND THE TICKER
Cotton.


New York-The market was quie
around midday but ruled steady on re
ports OF a continued good demand 70
spots In the South and unfavorable view
OF new crop prospects.
Manifestations firm, cloths yer,
large business doing.
New 0rleans-Texas City exports to,
DAY. 1907 bales, Galveston export
6,5ls and New Orleans 1859, making
total foreign shipments thus far todal
ABOUT $1,000 bales, against a total thil
day last year Of Is, 7s1. Shepard &
Gluck.
Sayannah-Spots firm, so points 80
middling $3.50; sales 1900.
New York;. w. Jay & Co. condition
Of cotton is 1871 per cent.
Liverpool cables Very steady mar
ket with the trade buying the neal
months and the confident the distant.
Very difficult TO buy owing to the
scarcity of contracts"
New York.-The approaching three
holidays with the government report
on June : has led to a disposition To
even up operations, but in no way di-
minishes the optimistic Keeling as 10
ultimate further price gains. Belief
that the start of the new crop has been
seriously Handicapped by the wet
weather during May with prospects Of
another moderate, not to say small
crop In conjunction with an enormous
demand for goods the world over are
the two factors on which rests the OPP
timism prevailing. The Journal of
Commerce report on Arkansas and Ten
nessee are for an acreage reduction of
10 to 10 per cent. stands poor and grass
much complained of.-Fallon to S. & G.
New Orleans-Norman Mayer & Co.
are out with q condition estimate Of
| ~ z mar Rnnf of fhA Ar-.n ,-.I-z 90 q
a year ago.
New York--Weekly very unfavorable.
Longs started ealiz on II and found
insufficient buyers. Market acts like
1t needs further downward reaction be-
lore healthy enough TO buy.-Cleve to
Cotter & Turner.
New Enthusiastically crop reports
must be called bullish on the whole,
Tor they state that the crop made poor
progress In most sections of the belt
on account Of cool weather n heavy
rains. Rather extensive grassiness is
reported.-S G.
New York.-Liverpool buying; local
traders expect buying will continue, but
more inclined to even up before holi-
days.-Hubbard to Reese,
Dallas. Southern Products Co. re-
port under average date May 70;
weather past two weeks very ~unfavor-
able. heavy rain and low temperatures
resulted In much damage. Much re-
planting. Average stands only fair.
Fields in unsatisfactory state ~cultiva-
ton, labor inadequate overcome grass
without fair weather. Complaints cot
ton dying from wet and cold in man.
counties, Acreage 81 per rent last. Con-
dltion belt 1855. BY states: Texas rs,
Oklahoma 70, Georgia VI, Alabama 50,
Mississippi 70, Louisiana 70, Arkansas
hk NnTfh 40 rnNNn on G~.,AI
rs, Tennessee IS, Missouri II.
New York.-With three holidays and
possibility weather clearing, big bulls
may take profits, but expect start new
bull campaign after bureau.-McElroy
to Cotter & Turner.
New Orleans.--Dry goods report
says: Print cloth markets today went
to government price basis of war times,
a rise OF 81 per cent from low point of
year Some print cloth yarn sold at 81
a pound or IA cents above the war
level Yarns strong n rising"
Grain.
Chicago-There are signs of liberal
receipts and liberal deliveries before the
Saturday close. One cash man thinks
May corn can not advance seriously
and may break. If receipts jump to 200
cars a day there may be $40 more cars
- WIN CIV DClOIe SATURDAY s ClOSe,
Meanwhile the of cash stuff
are holding off. Locals point out that
July corn Is ruled by the necessity Of
reduction of all lines to 200, 900 by June
and the warning as to boarding. Some
look for a fair break in July and Sep
tember corn. In 10 per cent of the belt
the corn planting seems a full aver
age,-Wtld, Of Wagner & Co.
/ New York-Steel has acted splendidly
In recent markets and looks as II ready
for a run to 1l6 or 117-Towner to
Clark & Co.
Primary movement: Receipts-wheat
aaS, 900 today, against ,27S,oo0 last week
3End an us e sos s same week @eS last year; corn
$4,000, $4,000, Shipments: Wheat,
1890, against laos, 900 last week and
$4,000 same week a year ago; corn 227,-
600. 2o7, 600, 277,ooo; oats, $40, 900, 73s,-
900, 400, 900.
Chicago-Cash men report freer Of
ferings from Iowa and South Dakota.
They say the cash demand from the
East Is practically nothing and the only
ones they can sell are Corn Products
and Quaker Oats.-Thomson & McKin-
non to Clark & Co.
Memphis receipts; Corn 2, oats IA and
hay II cars.
Hog receipts: Chicago, rs, 200; Omaha,
$4,000; Kansas City, 1900; Sioux City,
10000; st. Joseph, 5000; st. Louis. H.
500.
Chicago,mReceipts; Wheat, $4,000;
Wheat, 100, 900; corn, $1,000; oats, 2S5,-
900.
st. Louis.-Receipts: Wheat, A 1000:
corn, % 1000, oats, 50, 900. Shipments;
Wheat. 10000; corn, 10000; oats, 5000.
Chicago,-Corn market at opening
dominated by May corn. Some signs
OF very poor cash demand. eWather
mainly excellent. Country offerings OF
corn light. Co~nsignments good
Ticker.
Chicago,-ew think government re,
port shows winter whea t very good
mainly, except that rain is badly need
ed IN some western and northwestern
sections. Condition Of spring wheat
generally excellent, except too dry to
the westward. The week was favor
Corn made good progress in the south
east and In most states west of the
Mississippi tiver,-Wagner & Co.
Chicago,-May corn sold of on indi-
cations that every effort will be made
to deliver all the corn possible. 1t Is
again pointed out that during the
finish Of any delivery. month where
prices are high cash demand awaits a
readjustment Wagner & Co.
New York.-oficial statements Of
world wide Importance are likely to be
announced from Paris over the holiday.
Because OF this and the rapid advances
In s~pecialties and the generally over
bought condition of the market, we
strongly advise profit taking and await
ing developments before re-entering
the market. Much can happen between
Thursday evening and Monday morn
ing,-Thomson & McKinnon to Clarke
& Co,
Chicago.-Davenport, Ia, says: Not a