The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-05-26
ROUND THE TICKER
Cotton.

greater lndu TOT the responding hetA
a year ago. More customers are in
the market. orders from oad statesmen
for both immediate and future delivery
continue in exceptionally large volume.
the total being nearly double that OF
the corresponding week of 1918. Collec-
tions are most satisfactory.
New York-There seems no curbing
enthusiasm for the upward tendency OF
prices, though not a few begin to hesi-
tate at present levels, especially with
the uncertainty of conditions on peace
signing and the long-range forecast for
the week OF more normal temperatures,
although with showery conditions at
points. Present prices should tend for
a full acreage despite all claims and
resolutions for a reduction and the next
government report Is ~anxiously awaited.
-Fellon to Shepard g. Chuck.
G~reenyille, Tex, wires: lone of the
heaviest rains OF the season fell here
yesterday afternoon, and indications are
for more"
New York-South. spot houses
bought, trade demand lacking at mo-
ment; traders still bullish on weather.
Hubbard TO Reese.
New Orleans-The weather map
shows a low barometer to the west Of
the cotton belt from Canada to Mexico
and to the Gulf of Mexico, which would
Hdhe IL appear lHdl the COllOu DclL ~
in for more rain. Wet weather is all
there is to the market. 1t bulged a cent
a pound or more on the opening, but
Immediately met heavy liquidation,
which caused a check to the ADVANCE
Shepard g. Gluck.
New York-Would stay long and
watch the weather. No change Yields
opinion.-Clevenburg to Cotter g. Tur-
ner.
New Orleans-The weather map is
wet from end to the other in the
cotton region. Weather conditions could
not be worse. The first condition period
ended yesterday and with prospects
bad, The report on condition is due
from the government next Monday
Shepard & Gluck.
New York-Market again advanced
on continued ~unfavorable crop reports
from Texas and other sections; very lit
tie for sale.-Gwathmey to Foster.
New York-Think last bears will
abandon hope with present rains THAT'S
time TO take profits. to Cotter
e. Turner.
New York-The talk on the floor this
morning has indicated a feeling that
the crop is getting badly in the grass
with every day Of rain, and owing TO
scarcity OF labor the situation will soon
get beyond the planter unless the
weather changes. At that it is felt
that a long period of very faVDrable
conditions will be necessary to bring
the crop to a satisfactory point again
-Pearsall.
New Orleans-The 200 point limit rule
has been invoked on May, which trad
ed to 33.40c. The market threatens TO
become a runaway affair because OF
the wet weather in the belt. There has
been much covering of the short in
terest this morning. Some brokers' are
inclined to think that too much Of q
long interest is being piled up. SaVan-
nah is 100 points up on spots early,
with middling at 32c.-Shepard & Gluck,
New Orleans-Strong, steady demand
continues in the market on the out
look for further bad weather. Numerous
reports from the interior of damage by
rains and recent cold spell. Expectation
OF a bullish government report Wednes-
day and a low bureau report on June
2, limits on spots being generally raised
and factors now asking on the basis
Of 92c for midds.-Kofler.
New Orleans-Spot people confused
over price, say factors generally ask
higher, 32c about the idea of price OF
mid, This would be 1875 higher, but
doubt that 1t will be quoted full length
-Kofler.
New Orleans-Report from Missis.
sipDi says: Recent cold spell causing
cotton to die; prominent farmer says
perfect stand few days ago, now fine
places all over crop where plants fol
distance OF 10 to Is feet are dead
Clark.
by old bulls. They see nothing to caus'
a setback, however. just taking goot
profits. Always advisable,-Cleve.
Gram
Memphis receipts: Corn 4, oats 81
hay 33 and alfalfa meal 22 cars.
Hog receipts: Chicago $4,000, emah;
IL, 000, Kansas City Is, 900, Sioux City
$500. st. Joseph 300, st. Louis 5000
Chicago - Receipts: Wheat $4,000
corn 65, 900, oats 2l2, 900, Shipments
Wheat 1862, 900, corn $1,000, oats 2S5, 900
st. Loufs-Receipts: Wheat $4,000
corn 81, 900, oats 1903, 900. Shipments
Wheat 10000, corn Is, 1000, oats $4,000.
New York-Bankers are understood
to be at work on plans for a merger o
automobile companies which would talk,
In several more prosperous organiza
tons and present a solid competitiv,
front to the 1000, 000, 900 Genera
Motors company, Chandler, Chalmers
Maxwell and Studebaker are mentioned
as being definitely in the plan, whicl
| pIDDdDly VIII llCluut OllcIs, SIuut
baker Is the largest OF these quartet
Chalmers has 81 1900, 600 preferred an,
400, 600 shares OF re par value.-Wagne
a. Co.
Chicago-Oats news still suggests
June conditions of probably So with
300, 600, 900 opening prospect. Kansa
state report suggests a decrease o
1000, 600 in the corn acreage to 1000, 90
acres due to late season.-Wagner
Co.
Chicago-The bull edge Is off the foo,
market, The last relief ship is said t.
have left New York for Europe on Sat
urday, Hereafter the export business /
expected to be a catch as-catch-ca
proposition between the foreigners an
exporters OF this side of the ocean
These conditions are expected to max
an unsettled situation and IL may no
be as easy to do an export business |
the future as in the past. Expectation
are that Germany will be q big buye
Of foodstuffs after the peace treaty |
signed and those who are bullish ar
looking forward to a large deman,
from that quarter. The pubic Is gener
ally bullish on wages and bearish o
ting anywhere on such a proposition
Tribune.
Chicago--Larger commission house
buying September corn, Whole marke
beginning to show firm updertone, al
though trade Is light,-Thomson Nc
Klnnon.
Chcago-Lightness OF May corn an,
reports OF firm country cash corn price
are the factor in corn.
New York-The steel tonnage shoul
shoM q big increase,
Grain forecast: Illinois, Missouri, low
Cloudy tonight and Tuesday, probabl
showers, Wisconsin and Minnesota, Da
kotas-Fair tonight and Tuesday, Ne
braska and Kansas-Cioudy tonight an
Tuesday, probably warmer.