The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-01-15
ROUND TIE TICKER


Cotton.
New Orleans Liverpool cables:
spots quiet, prices weak." Another
cable says, Increased but ~irregularlJ
distributed trade calling. Large de-
mEnu Manchester will not materlaliZe
until raw cotton market much steadier. "
Generally ~stagnaut' Is the way one
spot broker sizes up his department
this morning Shepard & Gluck.
New Orleans-Liverpool lower than
due and should cause an opening de-
cline. However, the difference between
Liverpool and America have declined
considerable lately and this may ac-
count for the Liverpool decline. Any
favorable news would cause a quick
rally.-Shepard & Gluck.
Fair and somewhat colder is the gen.
eral forecast for the cotton region west
Of the Mississippi river.
New York-Looks like liquidation on
big lines this morning, but the char
aCter Of buying Is improving, seems to
be big demand here basis 20 cents for
March; Clifford, Keiffer, Weld, Hub
bard all good buyers.-Cleye to Cotter
d Turner.
New OrIeans-Apparently concerted
bearish tactics controlling market;
however, believe buying advisable scale
49, 'NeN' A''NNSF o"A ~ -
& Turner.
New York-surprislngly little press
ure; probably due to general feeling
reaction due Hubbard.
New Orleans-Our advices from the
western belt report no cotton offering
and firmly held.-Fenner, Calling &
Became to Gustafson.
New OrleanS-Recent bulls sold out
and short; discount becoming too great
for safety on short side; while not bull
ish, eventually think low enough for
time and inclined to expect some recov-
ery,-EIlis & Co. night letter.
New York-This selling same h
aCter as yesterday; am looking for
sharp reaction almost any time; every
one here very bearish.-HustaCe Hub.
bard to Reese,
New York-Liquidating market con.
tinue5 and acts like APPARENTLY had not
yet run its course. Spot markets con-
tinue firm and we expect ultimate re-
covery Understandings to Foster.
New York-See no reason change
opinion unless spot holders are influ-
enceu to sacrifice their cotton, of which
no indication. II this correct market
should be purchases. NJ, Weld & Co.
New York-Cone selling; this may be
from same source as yesterday. which
was rumored for Castles.-Hubbard to
Reese.
New York-Most bulls turned bear
ish, jerks thinks decline all commodi-
ties will drag cotton down. Weld still
bullish, but recognizes present condi-
tons can carry prices lower, Looks for
shorts and sptnners to come into COM
petition sooner or later Pflet2er sticks
to bullish views, Professionals, like
Pearsall, extremely bearish. Bulk sell
ing today looked to be jerks, Castles
and McCabe. Gwathmey still talking
bullish. Spot clients who sell to do
nestle II foreign mills see no indi-
mand now Jay thinks sentiment so
bearish 1t is time to buy a little. Prob
ably correct for turn, but situation at
moment seems such that prices may
have to decline to point where speCula-
ton and trade will regard them nearer
peace basis than present. Late dis
patch from Boston says New England
wooden mills gone on four-day a week
schedule and that II cotton trade does
not improve they must do same.-Clev-
enburg night letter to Cotter & Turner.
New Orleans-Better feeling, while
there may be some spasmodic dips,
stronger support seems near; favor buy
ing depressions.-Clark
New York-Mitchell and Cone buying
aggressively; liquidation looks over for
a while; ring acts short.-Cleve to Cot
ter g. Turner.
New York-Soon as they withdraw
support IL flops. Market apparently has
very few friends,-Cleve,
New York-Weakness due to more
| longs losing heart and dumping cotton;
Gwathmey selling ,-CleVe.
New Orleans-Macon, Ga, reports no
weakness in spots and good inquiry
for all grades from LiverpooL.-Fenner
to Gustafson.
New Orleans-Comparisons for this
week mill takings are attracting atten-
| ton. This week last year takings were
only 2il, 900 bales; they can hardly be
smaller this week. Two years ago
takings were 49,, 900. From now on last
years takings were small.-Shepard &
Gluck.
New York wires: There Is a gen
eral feeling that a reaction is due"