The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-08-08
ROUND The TICKER
Cotton

~ |TT-0T---- ~ - T-T- Nh u !
nothing but a natural reaction after a
period of intense activity. The finan-
cial n commercial strength II the
country is SO great that we could not
hold II down TO pessimism II we wanted
to. Bullish undercurrent to market de-
spite spasms.-Clark n Co.
New Orleans-Oceau freight rates on
out Of New Orleans to European
ports have been reduced 26c a hundred
pounds as the result u the ~unf5vorabl
features which recently have deVelope |
In the expert department, There are
now more ships than cotton Shepard
& Gluck.
New Orleans -New York kilograms
claim that Wall street is short OF cot
ton,
west is warming up. Twelve weather
stations In Texas report maximum tenn
peratures for yesterday of from 100 to
loo degrees.-Shepard & Gluck,
New Orlesus.-The market has been
caught short and the advance has been
Kept going by reports Of hot winds In
both Texas and Oklahoma. Some points
points in oklahoma are sending In word
that all vegetable gardens have been
dried up and the people in the country
have been forced to buy canned vege-
tables.-ShepRrd x Gluck.
New Orleans-Buy this market on
any dip, Short interest unwieldy and
alone would advance market rapidly
should news become more favorable,
which is likely since President Wilson
has the situation in hand Beer.
New York.-would buy ootton.-J, S.
Bache Co.
Pynchon a good buyer for Japanese
interests,
New Orleans.-Market steadier on
scarcity Of contracts and better strike
news exports from Galveston 10, 600
Beer.
Now Orleans. Southern spots yester-
day were generally unchanged to $50
down, in Texas 100 10 $50 down, at
Dallas l25 off, middllng 30.25c, Sales
market likely until nature of Prest-
dent Wilson'S address TO congress to-
day is known. II he touches on cotton
or cotton goods, market may decline,
II cotton Is not to be interfered with,
market likely to advance, Sentiment
confused for time being Beer 70 Nc
Fall,
New fork,-CottCn opinions! Carpen-
ter q Co--Conditions should suggest
taking profits on shorts and waittns
Tor another rise 90 sell shorts again.
Hutton n Co.-Until conditions become
more settled, fluctuations In our mar
ket will be governed largely by strike
news Hirsch Li,ienthaI q Co.-Muoh
will depend on Mr., Wilson's recon -
mendation 10 congress. Meanwhile mar
ket Is of over 200 points and prices
lqok cheap where goods values are CON
sldered,
New Orleans.-Price regulation news
more assuring, no drastic action likely
to disturb trade custom. and president
takes hand In railroad strike, which is
encouraging Beer,
New Orleans,-Wo uld buy on any
quick break, market liquidated and
building up dangerous short interest.
rims crowd sold early, and market car
advance rapidly on any good news,-
Beer.
New OrleaNs--llearne, Tex, wires
inspection croO in Bell and Milan coun
ties Yesterday and today. boil worm
everywhere and very bad in spots, Boil
weeVil bad in timber sections of Milan
county Consider, prospects only me
nun, weather hot and dry, entirely
too few matured bolts for the time Of
year Beer 70 McFall.
New York--Market terribly oVersold
sharp recoveries possible any time, buI
sentiment bearish on politics .-Thomp,
son d Mckinnon to Clark 4 ca.
Brock wired from Waco. Tex: Per,
sonal inspection and report from al
over Central and Southern Texas indi
cate extensive damage past 10 day
from boil worms, The first crop 4
practically destroyed, and IL will TAX,
nearly 50 days 10 put on another Crol
Of bolls,"
New York wires: Sentiment I
bearish on outside labor situation. bu
think market oversold, liable 20 shar
= recovery .
Cuero, Tex, wires: Boil weevils mr.
getting the fruit as fast az II forms"
al New Orleans-Unfavorable crop &C
counts from Texas influencing marke
TO a higher leVel.-Beer.
New Orleans-Market opens as muc
as 20 down on first selling on the brea
at Liverpool and politics, but the ma
ket rallied fast about 80 points. Gen
eral news considered more reassurin
as market llquidated and bad weathe
= outlook for East.-Clark 4 Co.
New York-Houston wires GettinI
serious weevil and worm damage re
ports Central North Professionalism
. 10 Cotter n Turner.
i New Orleans-The eastern belt fore
A cast Is more favorable than FOR som
time past. North and South CAROLYN
fair. Georgia partly cloudy with show
ers probable In the south; Alabama an
Mississippi fair In the north, showers /
the south Shepard q Gluck,
Liverpool cabled: 1.-THE market do
clined on scattered long liquidation an
recovered on short covering, Manches
: ter calling and a better spot demand"
E New Orleans-Thihk market unde
= influence, general beartsh situation pre-
Z vailinG. and until cleared up would nd
q wise buying only on breaks,-shepatd
y Gluck,
Grain,
! Memphis receipts; Corn 8. oats 7 an
: hay 2 cars,
Hog receipts; Chicago 5000, Oman
$500, Kansas City 1900. Sioux City 10
$ st, Joseph 1900, st. Louis 1000,
y Chlcago-Receipts Wheat $1,000
!, corn sc, 900, oats ib5, 900, Shipment;
Wheat $50, 600, corn 1903, 900, oats 61b, 90
: corn %, 900, oats $4,000. Shipments
y Wheat 22S, 900, corn 5000, oats S2,0 10
Chicago.-Official report to board
! trade says practically all packing houS
q employees are out on strike. There
no live stock market as q consequence
Wagner & Go,
Forecast: North and South Dakota.
Fair and continued zoe tonight, Sat
urday fair, slightly warmer. Visions
same. The rest belt fair tonight al
tomorrow, not much change In ten
perature.
Chicago.-Grain corporation will 81
wheat flour at $40, 25 east OF Illinoi
Indiana state lines. Canadian and FL
ropean news suggests complete pri
control Of most foods for another yea
Government limits profits on its flo
TO rs cents for dealers and $1.25 add
tional by retailers. Trade looks for
move toward restrictions of this cha
acter7-Wagner g. &c.
w Chicago.-Barring radical action
president, both corn and oats worth Il
money. Advise caution as traders
nervous state and wide fluctuatiol
likely tomorrow on speech and COVER