The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-08-29

NSN 0tAcalls-NOtinan, HdNer Il Co,
condition guess is 60 VS.. 6SS,
New York-Norden & Co. estimate
condition s..
New York-A little Southern selling
and Liverpool selling comm gin. hui
pressure from locals not heavy TO-DAY
Small trade houses again taking con
tracts. Appear to be a little cover
ing for Wall street ACCOMPLISHING, Of
Bache & Co.
New York-Cotton opinions. Carpen-
ter-Al beRrish sentiment based on in
dustrial disturbances has run its course
and cotton prices viii do better. $. NJ.
Weld Y Cove expect higher prices.
Orvis Bros.-On depressions we believe
cotton should be bought,
New York-Journal OF Commerce re-
port says: "Since the July special re-
port compiled by this paper, ercentage
conditions have declined So points,
from a condition last month Of T0.i
per cent, TO $40 per cent on average
date Of August %. * year ago at this
lime condition was 60 per cent. In
1917 it was 6S,6 per cent and in 1916 II
was 64.S, The l0-year average is So. s
per cent, The decline Is moderate.
compared with a year ago when condi-
ton lost ia points. The severest de-
cline was lO.S In North Carolina, Geor-
gia came next with 81 points, Texas
came next with 7,3 points and Alabama
with b,6 points, Severe rains and an
unusual number OF insect pests have
been the chief causes OF deterioration.
The present outlook is for a yield Of
about 1900, 900 bales.
Paris-Franee anxious for speedy rat.
ification OF peace treaty, some advising
even abandonment of league of nations
covenant to get treaty question settled.
Arrangement Of financing food ship
ments through American government
ceases Sept. /, after which France and
Italy must buy food in the open mar
ket or create a purchasing organization
in America,
New Orleans-Map shows northern
portions, rains Tennessee, generally
fair rest of belt, few scattered showers
Mississippi; looks like change to I'M
settled showery weather, Map COM
plete, indicates change to cloudy
showery weather entire belt over week
end.-Clark 4 Co.
New Orleans-American Cotton AS
ISOLATION makes condition on Aug. %,
as $50, crop two to four weeks late,
poorly fruited, premature opening,
rapid deterioration, Record breaking
insect damake. No allowance for 9.25
per cent average Abandonment,
New Orleans-Another cold wave
forming in far Northwest, outlook more
decided for rain In cotton belt over
holidays. Exports so far $4,000 from
New Orleans alone VS.. 5000 all ports
last year.-Beer TO McFall.
New Orleans,-While the, market is
dull 1t holds steady on reports continued
crop damage Says Il message from
Augusta, Ga. Crop reports from all
over the Atlantics except North Geor-
gia are very poor, The crop has gone
to pieces In the last few days and 1t
does not make any difference what the
weather Is from now on as the plant is
almost entirely yellow. IS. & G,
New York.-Here is the latest on
&Ost OF print cloths; Cotton 1915, waste
loss SIS, labor 10, supplies, depreciation,
etc, 6. Total cost 60 cents. As print
cloths are selling now above the gov
eminent war price of 50 cents, It Is
plain that the mills are making over
23 cents a pound clear profit, Can any
farmer show such profit for his months
of sweat and labor?-MckAroy to Clark
n Co.
New Decentralization: II the
business interests of Galveston can ar
range TO provide the ships, l am con-
ftdent hat 1000, 900 bales OF American
cotton. which will be purchased by ia
pan this year, will be shipped through
the port of Galveston" II. Fujita,
ager of the Gosho companies Texas in
t~erests, said yesterday. Note,-last
year Japan took 500 900 of American
cotton, largest on record, season before
last 609, 900 bales, Million bales this
year would be 200, 900 larger than last
years record,-Beer.
New York.-Pearsall says: Average Of
private condition figures suggest de
terioration 10 vs., l0-year average N
Thomson & McKinnon to Clark 4 Co
Grain.
Memphis receipts: Corn ., oats 3.
and hay i6 cars,
Chicago - Receipts; Wheat 500, 900
corn ZOE, 900, oats 400, 900, Shipments
Wheat 314, 600, corn $1,000, oats 240, 900.
st. Louis-Receipts; Wheat 4O7. 900,
corn 5000, oats ~, 1000. Shipments
Wheat $50, 900. corn 10, 900, oats $4,000.
Chicago-o'Brien says; Very little
corn offered on the market this morn
ing. Think worst Is over. Buyers are
very timid. and while there is not much
corn on market there is no hurry to
go long. Clement, Curtis a Co,
Chioago-Private reports from the
stock vars quote hogs SO cents lower
than yesterdays trade.-Wagner & Co,
to Shepard e. Gluck.
Chicago-We expect a further break
in hogs today and a further decline In
cash corn, The corn futures should be
lower some time during the day. We
suggest that you take profits on some
Of your short December and May corn,
as May corn where freight figures 10
cents per bushel is selling at a price
under 81 5 TO the farmer for the new
crop. The buying power to any sub
stantial rally, however, is not In sight
yet,--Thompson & McKinnon to Clark
& Co.
Chicago-O'Brien says: THE local
- 49,. A.Itr~ ..flIla.u ~ aAr,,
short with nothing In store to deliver
and expect farmers to fall for their
game may have a surprise some day to
find out the farmer will have some
thing to say about the prices of his
grains.--Clement, Curtis & Co.
Forecast grain belt. Illinois and Mis-
souri, - Thundershowers this afternoon
or tonight; tomorrow fair, not much
change In temperature. Wisconsin and
lowa-Unsettled with thundershowers
this afternoon or tonight, cooler tonight,
tomorrow fair, not much change In tenn
p%erature. Minnesota, North Dakota,
South Dakota, Nebraska and Kansas
Fair tonight, tomorrow cooler.
Chicago-Buyers have : had their
hands tied In corn; limit of 200, 900 is
too small. Weakness In September
caused by holders having to sell, as
they are not allowed to take delivery.
We will have to wait to see what farm =
ers have to say.-Clement, Curtis & Co.
Kansas City wires: mo demand for
our cash corn; 20 cars in and 4 out
yesterday"
Chicago.--Liquidation seems to have
run It's course for he time being In
grains az well as provisions. Offerings
light and local traders showing dispo-
sition to play for a rally.
Chicago.-Modern Miller says FAN
blowing, in the winter wheat belt has
been delayed by dry weather and hard
ground. A reduction In the acreage
Is suggested, as there vas a rush OF
blowing at this time last year because
Of the guaranteed price of ST. 90. Far