The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-12-11
ROUND THE TICKER
Cotton.

In bulletin issued by the bureau OF !
Of the department Of agriCul- |
ture the following appeared. In a re- |
cent test conducted by this bureau IL |
was shown that a bale Of cotton ex- !
posed 80 the weather for six months |
lost by weather damage IS pounds from |
its original weight At the prevailing |
price of 80 cents per pound this loss
amounted 10 S22 50. This bale could |
have been stored in a good warehouse
and insured for six months for less than
81, 1t has been estimated that the loss
In the value of the entire crop result
ing from damage may amount TO as
much as $50. coo, 600
New Nork.-A telegram from Green
vile, $. c., says: NO matter what gov
eminent estimate may he, crop Is prac-
ucally all ginned and will fool many
people"
New Orleans,-The government last
year gave the average of running bales
as $685. This year II will be less,
therefore We have to deduct from The
bureau crop about per cen: or 100. Geo
bales. A bureau Of 10, 500, 600 would be
equal to l0,7o0,0OO running bales
Clark d Co.
New Orleans-Welds traveller in Tex
as wires from Austin: SEXpect that
the government will estimate the total
crop at about 10, 1850, 600 and Texas At
dDOul = iOutVVV udltS, all III SNN- ibitllA
bales, exclusive Of linters, Still think
Texas had half million bales to pick
on the first of December The weather
is extremely cold and all Texas is soak
ing wet Conditions delay all farm
work"
New Orleans-The market Is down on
the very unfavorable look of the en-
barge against Southern ports,-Shepard
& GluCk
New Orleans-Aocording to detailed
Information on the freight embargo, IT
doesn't apply to the Texas points 1t
Is in force from Wilmington to New Or
leans.-Shepard & Gluck.
New York-Hutton Just finished SELL
ing 5000 bales of cotton, January, March
and May.
Washing Chairman Fordney of
the house ways and means committee
states that no foreign loans or credits
will be authorized by this congress,
New York-Heavy losses have been
| sustained by exporters and other inter-
ests as result of the recent almost
| uninterrupted decline in sterling. In
| banking circles apprehension Is enter
| tanned with regard to the international
| situation,-Journal Of Commerce,
Liverpool cables: quiet, evening up
accounts before bureau.
| Atlanta, Ga--An embargo on ship
ments of export freight to South At
lantc and gulf ports except that going
| over the Florida East Coast to Havana
| via Key West was announced here to-
day by thee regional fuel committee
The order does not affect coastwise
shipments.
New York--Looks like Idvermort
went short 15, 900 this morning. eleven.
burg TO Cotter g. Turner.
New York-Certifcated stock n. Y
lost 400 bales since Dec 4, now only
Sl59 bales Exports from Savannah tC
Europe today $4,000.
New Orleans-New York wires; Wal
street brokers selling March and Jan
uary freely; trailers selling, finding
poor demand. December notices cir
culating.-Beer to McFau.
New Orleans-Settleme of Goa
strike will cause a securer feeling
throughout the country 1t will stimu
late enterprise and bullish action il
the stock market and first result il
cotton will be large clearances whel
bunkering restrictions nre removed
which will be in a few days.--kofler.
New York-Very little trading hefor
bureau; Liverpool bought May, Gwath
mey sold.--llubbard to Reese.
New York--Locals very bearsh; viii
go short over bureau. Settlement O
! coal strike ignored Me Elroy to Cote
n Turner,
New Orleans Critical exchange sit
uation slackened spot demand, neutral
izing effect coal strike settlement, BE
lieve crop estimate must be intensel
bullish under existing conditions to hol
advance II had.--Newburger q Co. t
Foster.