The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-04-25
COTTON MARKETS
Cables Better Than Due and
Market Gets Good Support.
Frost for East Belt.
Friday Afternoon, April IS

Strength was the ruling tone In the
market today, and there was more than
reason for L.. Liverpool came better
than due by q goodly margin and fIRr
lshed even better, while there was uu-
fornble features In the weather news
upper part Of the belt was cool and
me indication for this to continue, Cs-
peclally for the eastern portion, with
chances good for considerable frost to-
morrow morning. Some rains were
falling this morning and the forecast
was for more. but those promised for
the western belt were regarded as IA
Norable, as some recent adViCes have
told Of them being needed In oklahoma
and Texas. In the local territory rains
In moderate amount will also be aC-
ceptable, as they win help bring up re-
Gently planted fields. Some Of the
buying was based or a feeling that the
spell Of weather will probably hep give
the coming weekly report "A bullish
tenor.
The situation Mt Paris was regarded
as full OF uncertainties. hut either the
traders thought these would be dissi-
pated n that present worries would
pass or that other things were more
important as price factors AT the pres
ent time, Liverpool cables said tho
italian crisis was being given small at
tention over there, n such seemed The
case on this side.
Liverpool was due 10 come is to .
points to the bad, hut she finished
steady and G points up TO 3 down, II
was asumed that the easiness yesterday
amply discounted the recent elevation
OF frelghts from this side and the anx-
iety over the peace situation Spots
were marked up - points, good mid
ding to 1854, with sales 1000 bales,
including $500 American. Receipts
were only 1000 bales, including 300
American. Manchester advised that
hHHEFaa1a la al,thuF ystAn FafR nd ARFnE
were firm,
First prices on this side were steady
and moderately higher. II was first
day for notices on May and only two
were heard Of in New York and none
IN New Orleans, indicating the firm
ness Of the spot situation There was
little for sale and the firm cables On
couraged support, the weather being a
factor also.
New July opened at 2G.25c, touched
26,isc and then rapidly ascended to
2e.bsc. New October opened at 2i.6OC,
dipped 10 points, then worked up 20
24.s4c, Profits were accepted, for there
was promise Of bearish weekly stats
ties and some people thought the In
dieated rains In Texas would help pros
poets, But the reaction did not go
far and later there seemed two sides
TO the affair, with fluctuations within
narrow limits.
The marked strength in the grain
Market, corn jumping several cents Il
bushel, was not much Of a factor, al
though It increased the incentive to the
cotton belt TO grow more Of the cereal,
Spots were generally steady In the
belt and exports for the day were fairly
large, but there was nothing especially
new In this and 1t was not sufficient
inducement q aggressive support In
New Orleans quotations were slightly
elevated, middling up 10 points to
27.63c, with sales 1887 bales,
New contracts closed g to 80 points
up, old up 3S 10 65 points, tone steady,
New Orleans new closed 30 to A.
points Up, old ~ to IS up, with tone
very steady.
In tho local market inquiry continues
good, but offerings are moderate and
holders are firm IN their demands.
Sales reported for the day were 2,A00
bales. making 1850 for the week. QUO
tations were unchanged, mlddling at
"a, SOC.
Estimated stock unsold in factors
hands Is 1873, 900 bales, against $4,000
last year and 1853, 900 in 1917. Linters IN
stock are So, 1000, against 1000 last
year and $4,000 in 1917.