The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-09-11

80
New orlesns.-Texas wires: Insect
Central Texas. beginning 10 be
very serious In quite area. Rains again
South Texas. Every indication demand
commitments will be In eX-
Of supply, Sitter basis next 10
days unless futures advance, Sentiment
becoming more hullish loCally.-Beer to
McFau.
New Orleans.-Map shows storm dan
ger for Alabama, Mississippi and At
storm In east gulf. probably
tendency towards Mobile Pensacola
coast, Change to bad weather for east.
belt.-Clark.
Liverpool evidently refuses to pay
any attention to storm scare, which
frightened out most shorts In American
markets, We cannot expect TO arouse
much optimism with the many bearish
conditions hanging over market like a
sword Of Damocles. Chuck.
New York cotton opinions: Carpenter
With foreign exchange and demand
consequently limited, increasing receipts
will find difficulty In meeting purchases.
Weld & Cove believe In waiting for
\ good opportunity to make purchases,
ment. Orvis Bros.-We think the long
side affords the greatest opportunity
for gain.-Wagner & Co.
New York.-Market strength Is
caused by short covering by Wall street
and ring crowd on report that heavy
winds are reported entering mouth OF
Mississippi lver,-McKennah to McFall.
New Orleans-The market thus far
has succeeded in ignoring the hurricane
but there is bound to be heavy short
covering II the next bulletin indicates
that II is headed for the cotton belt,
Selling seems to be due principally to
fear Of the steel strike,-Shepard &
Gluck.
New Worthless demand from shorts,
weak Liverpool, rumor OF steel strike
and failure OF storm to develop over
belt; South also selling somewhat
more free.-Gwathmey to Foster.
Ticker reports dispatch Berlin say
ing American bankers arranged long
term credits,-Robertson & Co. to Craig.
st. Louis.-Labor is scarce and high,
but we think sufficient for present
needs. Altogether, we think our sec.
lions are showing satisfactory prog
ress.-Lesser Goldman Cotton Co.
New Orleans - Reliable experienced
cotton mar wires from Talladega. Ala,
Returned home Monday. Crop in Caro-
linas poor and In Georgia q flat failure.
Nearly all open in most fields and moth
ing can happen that would bring about
recuperation. Beer TO McFall,
New Orleans - Tomorrow's insight
compares with 204, 600 last year and
220, 900 in 1917 and spinners' takings
900 veal before last, weekend statistics
bullish in all departments,-Beer,
New York-Charlotte wires: "Cror
North IA FOltnn anh South IN POlinn do,
t~eriorating rapidly; spot demand i'm.
proving; u~nfavorable reports coming
from Texas"
New York-Francs weak at SA4
marks 3.75. Sterling 4.16.
New York--Firm on little trade ant
New Orleans buying; offerings light
market Misunderstanding to Cotter 4
Turner.
New Orleans-Advices from TexaI
say crop deteriorating fast, excesstv,
shedding; also receipts are so light tina
buyers may find difficulty In filling ex
ports commitments Clark.
Atlanta, Ga, wires: Large Southern
mill interest are showing keen demand
are buying any cheap basis cotton
This section continues to deteriorate Il
both quantity and staple"
New York-Poor cables, easy on gen
eral labor troubles here and abroad
South and locals selling; storm still /
gulf is market OBSERVATION-DISCLOSURES
Bros. & Wonus to Wells & Gustafson.
New York--Berlin dispatch say
American bankers have granted credits
Guaranty trust conceded six months t
two years credit, accepting marks
other credits said to be pending.
New York-The Guaranty Trust CON
pany denies that they have extende
any credit to Germany-Ticker.
Grain.
Chicago Farmers Ii nearly all tn
big corn states are selling their oil
corn more freely, as the new crop
practically made and with good wealth,
II Is expected to move early. In par
of Central Illinois they are selling, o.
at $3.50, and considerable has bee
bought the last few days, Iowa so
10000 bushels new No, 3 yellow, throue
one house yesterday at $l.31h, or
cents over December, for Decemb,
shipment.-Tribune.
Chicago.-Unsettled conditions In q
business, too much uncertainty In 6
lines for business to expand, Is causil
depression In grain. 1t Is having l
effect when 1t should not, as pric
have widely declined to about norma
However, 1t can easily 60 further, b
later 1t will be different, -0Brien,
Chicago.-Buyers In corn backed awi
at the opening. To some extent 4
world situation seems. to resemble Il
speculative feeling that set In last N
vember.-Wild to S. & q.
Argentine estimated shipments whe
this week, 4,44O, 900; corn, $500, 900; GA
$50, 900.
Chicago.-The Ohio state reports a
state for ~fattening Is 2 per cent lie
than last year.-Clement Curtis.
Chicago .--O'Brien says: These gra
whether II Is bearish or bullish, ever
thing Is being discounted, Sentime
In very bearish. Something Is Hal
to happen with the situation.
Memphis receipts: Corn 3, oats 10 a
hay 20 cars. af
Hog receipts: Chicago $4,000, Oma
5000, Kansas City 1900, Sioux G
$500, st. Joseph 5000, st, Louis 60
Chicago-Receipts: Wheat 1890
corr 2l3, 900, oats 317, 900. Shipmen
Wheat ZIG, 900, corn SO, 900, oats 257,d
st. Louis-Receipts: Wheat 26S,0
corr SO, 900, oats 14S, 900. Shipmen
Wheat l 5000, corn 1876, 900, oats 46,0
Chicago. This rally in corn and o.
looks simply "a natural reaction. Tn,
Is some talk by the bulls that G,
many has perfected financial 1arranl
ments for purchases OF commoditi
However, marks are quoted Mt $50,
very lowest OF record.-Babcock
Clark & Co.
Chicago. Washington has issued
warning to the corn belt against sp
ulation In land, Serious consequent,
may be expected with the return
normal conditions. Same old story fr
New York-no demand for grain
export. A little rye business on t
No fresh demand.-Wild.
Stocks.
New York-The labor situation Is =
the most interesting factor az @
denced by the strike threat of st
, WORKERS.. The unnaturally violent flu
uations of Tuesday also tend to ma
Tor uneasiness and are not pleasing
lankers.-Houseman to Clark q Co,
New York-Belief that no natio'
. steel strike would be called was larg
, responsible for the short covering a