The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-07-01
ROUND The TICKER
Cotton.

New DEMONSTRATING a n across
the cotton belt from east to west, the
northern half is dry, while the south
ern half is fairly wet. On the whole.
weather conditions are not as bad as
they were, but rains are not wanted
anywhere in the belt and in the south
ern portions boil weevils are particu-
larry active and will continue so as long
as the weather is cloudy or wet.-Shep-
ard & Gluck.
New Orleans-The government says
that the decrease in acreage is 81 per
cent, which is the only bearish thing
about today's reports. The condition
Of 70 Is the lowest on record for June
70 and the indicated yield of only TO-
9S6, 900 bales is regarded as a calamity
forecast my many traders.-Shepard &
Gluck.
New Orleans-Lancashire mills close
down tomorrow as demands refused;
this puts unfavorable face on English
mill troubles ,-Fenner to Gustafson.
II. and B. Beer. Of New Orleans,
whose private wires came into Mem
phis for many years up to the time Of
the big war, are again working here,
They have opened a branch office and
o. A. McFali is in charge. They are
located in the district neal the Falls
building.
New Orleans-Liverpool closes 10 to
Is off in spite of bureau publication.
Our market turned flat after first ad-
Juaiment trading and reacted to around
30 cents for October on liquidation.
All now depends on weather. with
good weather further liquidation would
be likely. Expect better weekly report
tomorrow.-Clark & Co.
New Orleans-Report somewhat high
er thar expected, but decline which fol-
lowed encountered heavy general buy
ing. Depends on weather.-Eilis g. Co.
New York-Think bureau very bullish
and that decline unwarranted; believe
market purchase on Tecessions.-
Gwathmey to Foster.
New Orleans.-Southern spots were
generally unchanged. If market declines
on today's bureau report favor buying
owing prospects another bullish weekly
government weather and crop report
tomorrow and probability Germany rat
flying peace treaty in near future, when
the blockade win be lifted.-Beer.
New Orleans.-Weather yesterday
was partly favorable, showers being
confined to localities. American Cotton
association says this seasons crop will
not be over 10, O0O, 600, and producers will
not sell below cost of production which
Is now being Investigated by a special
committee Of experts.-Clark & Co.
New York-Journal OF Commerce
makes cotton condition as of June 20.
IA against 7S.5 last month and So,
a year ago, Excessive rains in May
followed by a wet JUNE resulted in the
abandonment of acreage which will still
Indicated yield 1900, 900 bales.
New Orleans.-Looks like the greater
part of the smaller interests liquidated
pin the past three days. We will have
to get a long spell of good weather to
make decent size ,crop after the recent
wet weather we look for serious dam =
age reports from weevil and insects
which should cause a much higher level.
Buy on breaks.-Jung to Beer.
New York cotton opinions: Carpen-
ter & Co.-Should any decline occur,
we advise buying promptly. Hutton &
Co,-Pricss look like working still high
er. Bond, McEnany & Co,-The crop
Will have to be favored with most per
feet weather from now on if the price
OF cotton is to be brought to a lower
level.
New Orleans-While condition was
slightly higher than generally expected
nevertheless it is the worst on record
for this time Of year. Since June 2;
weather interior has continued general.
ly unfavorable which will probably bt
reflected in tomorrow's weekly report
Favor buying on depresslons. Much APP
prehension concerning Texas which is
~ points lower in condition than last
year. 81 VS.. 81, and decrease in acreage
in Texas Is 10 per cent VS.. one yeal
ago, Las year Texas made about 200,
900 without linters,-Beer.
New Orleans-The one stable factor
in the government report is acreage,
which is 81 per cent less than last year
Considerably less reduction than was
expected, Both condition and indicated
crop could change for the better will
good weather. Therefore, market will
work probably largely on weather, which
looks better t~oday.-Clark,
New Orleans-Percentage OF acreag,
decrease and increase by states, com.
pared with last year: Virginia, de.
crease IL; North Carolina, decrease 10
South Carolina, decrease IL; Georgia
decrease 3; Florida. decrease 80; Ala.
bama, increase Is; Mississippi, deereas s,
Z; Louisiana, decrease Is; Texas, de,
crease 10; Arkansas, decrease II; Ten,
nessee, decrease II. Missouri, d~ecreas,
20, Oklahoma, decrease 80; California
decrease IL; Arizona, increase Is; New
Mexico, increase Is: United States de
crease S.7,-Beer.
New York-Look for a very bullisl
weekly weather report tomorrow. Wei,
brokers been very good buyers on tn,
decline this morning Jung to Beer.
New York-With indicated crop undo
II 900 600 and critical period ahea,
bears will be on defensive except mucl
hisher.-Maury, Rogers Il Co.