The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-12-03
ROUND THE TICKER
Cotton.

New Orleans.-The weakness Of for
| eign exchange seems TO be having some
| effect against values. No adNices say
that further collapse In sterling Is
| unlikely. Savannah clears 10000 bales
Tor export. Clearances thus far today
$4,000 against none last year-Shepard
e. Chuck
New York.--LiverpOol cables market
Influenced by advance IN Egyptian cot
ton in yerpool,-Hubbard
New York wires Liverpool bought;
supply came from local longs otherwise
| small trading.
New Orleans,-New York about ten
notices out on December cotton. Liver
pool cables market steady on trade buy
Ing, short covering and better spot de-
mand.--Clark & Co.
New York.-Liverpool houses estimate
about half arbtrage, interest closed
Hubbard TO Reese,
New Orleans-More demand for spots
would help situation materially; this
Is likely to occur as spinners buy more
freely In advancing market hedging be-
ing better Some people looking for 40
cents, perhaps Al cents II have much
more covering in December January
Liverpool arbitrage buying In American
market likely be sustaining influence
near future,-Beer to McFalL
New York.--Journal of Commerce
| says: The cotton prices seem to rise
as under the memorable law that water
shall rise as high as its source.
The course In this case is the strength
Of spot cotton coincdent with world
wide scarcity of goods, There is per-
sistent buying Of December attributed
to big interest the bulk of the hedges
are In the far off months. Hedgers are
believed to, be becoming nervous.
New York New Bedford office re-
ports Egyptian up Z cents there today.
Hubbard to Reese.
New Orleans. Strength I'm Liverpool
due to reversion OF straddles based on
fear Of disturbance TO importation by
our coal situation and also to rushed
buying by Lancashire mills to secure
raw material before shipments are in
terfered with. Against these spot sales
at Liverpool, buying orders for spots
are coming to our side to replace cot
ton sold at Liverpool and thus we get
the bullish reflection Of the business at
Liverpool, although actual conditions
OF the coal situation are bearish. I'm
der the circumstances, the advance ap-
peals to be forced by n bearIsh condi-
ton and one should think that II will
not carry much further because Of this
fact, and the probability Of bureau es-
innate exceeding previous crop predic-
tons,--Clark & Co.
New Orleans Realizing caused the
reaction but offerings are now being
well absorbed again, Shepard Gluck.
New Oreans.--I.abor nnd exchange
rates disturbing factors; pending gov
eminent report expect broad trading
market with purchase good breaks best
policy
New York, Liverpool letter says or
ders coming In to Manchester from all
oversee countries, price no deterrent;
spots very strong; think market will
work higher.--CleVe to Cotter g. Turner
New York.--Liverpool and scattered
trade buying; commission houses and
Wall street taking Profits; exchange
weak about 2.000 notices looks lower
Robertson to Craig.
New York--Couple thousand notices
out. Hartcorn sold 10 900 March; Mitch
ell took 5,000.--Cleve to Cotter & Turn
err,
New York. 1t is all one sided in the
cotton market. Traders, see the fabu-
lous prices that have been 30 frequent
y predicted and all will undoubtedly
go well as heretofore until Il occurs to
somebody to try to sell a little cotton
and then as IL often the case all will
want to do 1t at the same time, | think
he whole situation Is charged with
great danger. one of these days we
may witness Il serious collapse and
therefore continue to suggest the ad-
visibility of marketing long cotton while
the market Is willing to take 1T. &
NJ, to Clark a. Co.
New York--Eirst break In coal strike
Falrmont W. Va. Miners resumed, pro
testing IA per cent, but hoping Tor
more, McElroy to Cotter a. Turner.