The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-05-01
ROUND THE TICKER
Cotton.

- ~ = Ek@AH 90 80
spot sales. jap question settled; bet
Ter feeling Italian situation. very
strong dry goods reports and Neil
Bros. forecast sixteen and half mill
lion consumption needs Of world OF
American cotton coming season favor
returning strength market.-Clark TO
Cotter e. Turner.
New York-QuIet; locals expecting
further selling on improved weather,
but little doing.-Hubbard TO Reese.
New York-Rond McEnany & Co.:
| We think the. price Is high enough and
feel that a further decline win be nee
ossary in order t. attract fresh buyers.
needs raw materials and one of the
first Of thesl Is cotton This outlook
Is the present underlying influence In
the cotton market.
New Orleans-More heavy realizing
by Wall street and western operators
inspired by disappointing cables, fav-
orable weekly weather report and delay
In concluding peace disclosed weakened
technical position: unless Weather
should be distinctly unfavorable we are
inclined to expect more liquidation,
which could only be accomplished al
expense OF values.-Ellis & Co. night
letter.
New Ycrk-Yesterday's downward
trend IN all markets was not without
/ It's lbliuCllNt vi COllOH anu In6 Udu
breaks IN Chicago brought out sellers
from the West. The South also sold
and ut times wen Liverpool was SELL
ing. The various reports on acreage
reduction served to disillusionize recent
estimates, and two private reports
| place IT at is per cent which includes
n reduction in Texas, but which not
a few think will hold last years area.
The English remov all restrictions on
business from June !, which should be
a favorable influence on commercial
matters generally. Journal of Com
merce reports Indicate a probable 10
per cent Texas acreage decrease and
a considerable cut in the Oklahoma
acreage.-Fallon to Shepard & Gluck.
New York-Large futures, broken
cables-favCrable British budget en-
courages big expansion trade and con
sequently higher prices.-Hubbard to
Reese.
New Orleans-Ope month ago we
stated that shorts would likely be pu
on the defensive because of the prob
ability Of frost scares during April and
owing TO prospects for early peace.
| which prophecy has been fulfilled. To-
day we would call attention to the pos
sihilities of too much rain during May
when %chopning is usually in full swing,
which would be detrimental to crop
prospects because of the scarcity of
labor and danger Of damage by insects.
The average precipitation in May is
usually the heaviest of any month in
the year.-H. & B. Beer.
New York-Liverpool buying, Wall
street selling. Weather conditions con-
tinue favorable.
New Y~ork-Journal of Commerce
says: THE Mississippi and Louisiana
reports Indicate that there will be a
large decrease in acreage, Also season
ahpnt fuyn maakc lnfa dna IN haar1r
rains and cold weather Considerable
replanting will have to be done"
New Orleans-Market seems we'll
liquidated and foreign news improved
Fenner to Gustafson.
New Orleans-The weather man
shows much rain In the eastern belt, |
but the western belt Is clear and almost
dry. Temperatures are falling west of
the Mississippi river and Abilene, Tex, |
favorable, The political outlook is much
better, according to the morning dis |
patches. New York says that cotton
goods houses are doing a very large |
business at strong and higher prices.-
Shepard 4 Gluck.
Pine Bluff, Ark. wires: = The Lake
Dick" crop of cotton, consisting of GA |
bales ~ Inch staple. Liverpool good
middling grade, just sold here for ship |
ment to Liverpool at 81 cents a pound,
which means 35 cents a pound landed
New Orleans. Spot brokers say this Is
one OF the prettiest lots of cotton traded
In here in several years. New York
wires. Liverpool has been a good buy
er here. Local ring traders who ham
mered yesterday nave been buyers this |
morning Shepard & Gluck.
New Orleans-Rallied on spot people |
reporting rather active inquiry full bids
Liverpool. after moderate staple.-Clark
to Cotter & Turner.
New York-Many believe reaction
over. no selling pressure, but believe
all previous bull factors been discount
ed,-Hubbard,
New York-Good Liverpool advices
and covering by yesterdays local SELL
ers caused upturn: some Southern sell
ing on rally.-Gwathmey to Foster.
New York-Waters buying, some spot
houses buying: offerings lighter
~Clevenburg to Cotter e. Turner.
New York-Market very steady but
quiet, Uncertain at moment, but lack
Of pressure makes me believe selling
past few days merely reaction and viii
do better again.-Hubbard to Reese.
Grain.
Memphis receipts; Corn 3, oats %
and hay 9 cars.
Hog receipts; Chicago 23, 900, Omaha
$4,000, Kansas City $500, Sioux City
1900, st. Joseph $500, st. Louis II, 900.
Chicago - Receipts: Wheat 4 1000,
corn 202, 900, pats 277, 900. Shipments:
Wheat 526, 900. corn 90, 900. oats 21S, 900.
st. Louls-Receipts: Wheat SO, 900.
corn 81 900, oats 126, 900. Shipments:
Wheat 5000. corr 10000, oats 10000.
~Chicago-A marked Improvement in
the domestic cash demand led to con
siderable change in sentiment as to
grains. The break attracted the largest
sales to the east In some time. There
was buying of the May cash houses to
remove hedges against shipping sales.
The break has caused a decrease In
country offerings and there are some
Who say that on account Of weather
conditions that have kept farmers out
Of h fields more than ordinarily this
season. we have had our usual move
& CO.
Chicago-Shipping sales reported so
far are 100, 900 bushels corn, 70, 900 oats
and 5000 barley.
Broomhall says: Large Argentine
corn exports are prevented by freight
Of 81, 20 to $1.62 per bushel.
C~hicago-B. W. Snow is out with a
crop report making winter killing wheat
acreage only eight-tenths OF one per
cent, or the SInaliest on record. This
| amounts to 39S, 900 acres, leaving acre
| age standing for harvest 1888. 900.
Condition crop 94,4, against 95.S April
]. indicating crop possibility 1886, 000, 900
bushels. Oats seeding late and corn
planting will probably be delayed by
combined influence Of late season and
shortage Of farm labor.-Wagner & Co.
Cedar Rapids, Iowa, wires. Quaker
Oats company report practically moth
| ing offered from country dealers on the
break.
New York-Broomhall gives Argen-
| tine corn shipments ,so3, 900. OF which