The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-08-29
COTTON MARKETS
arket Dull and LifeIess,
Traders Waiting for
Bureau Report.

rrluay Afternoon, Aug. 29.
Nothing much was done in the cot
market today, and nobody was dis
pointed. News was scarce and with
1t particular color and everybody was
opposed 70 await the passing Of the
lDle holiday and the COMING of M
krcau report on condition of the cron
August 20, which Is due to be is
led Tuesday morning at 10 O'Clock To-
time. Some more private estimates
Ime. she average Of which was close
those which ave preceded them. A
ew 1orS Trade paper issued It's fig
les 1T baa, comparing with its report
90,l a month ago and said the In
eatcd Yield was around IL. SOC, 900 baIas
commission house guessed il at So. 1,
bile The American Cotton association,
concern with headquarters in south
Arolina figured it at $50. without taxi
Is into account the acreage abandoned.
flich II estimates at about 9 per n
4rbapS the only reason anybody read
Us guess the second time was because
'kst month 1t came nearer the govern
lent than any other report.
Zine effect CT all of these estimates
- apparently nil and the gossip indi-
He'd thHr sentiment was about as il
s. boon Tor several days AMI the even
II process .1lrlJ thorough. Domestic
Editions occupied n big piece in the
Eaders' minda. ans for The moment
Aere seems to be q little more optimism
Rcause OF a feeling that differences
htwecn capital and labor are going to
adjusted without Widespread strikes
ld disturbances
THE exchange market showed some
seakness and quotations dropped sew
PAL points, which naturally was Of
Rme effect on sentiment. Whether the
hipment Of $4,000 bales out of New
fleans had any connection with the
fciine today was not known. but there
a growing appreciation of the i'm
brtance OF watching the sterling mar
ht as an index to the foreign demand.
Ihe latter continues to prove diSap-
binting.
More strength In the stock market
klped discourage pressure on cotton.
Ut failed to inspire any buying OF con
Sequence. 1t merely reflected the more
ppeful feeling regarding economic con-
ktions.
liverpool closed quiet and s to .
pints to the bad, compared with 1 to
up due. Spots were marked down 4
Dints, to 1910, with sales 1900 bales
nd nothing received. Manchester adj
aed that cloths were dun and yarns
regular.
Opening prices on this side were
lightly off to a little to the good.
NnSr0 was d MODERATE uptuTn, Dut 1T
se news to explain 1t, so it was put
pwn as due to the fear of going owe
he holiday period short and to some
bore complaints as to the crop in Sec
ions. October opened at 31.52, worked
b to 3l.75 and then reduced to / so,
.ht later recovered a little and kept
hry close to the previous closing level.
AS usual there vas practically moth
|hg doing in the spot department. The
leekly statistical comparisons were q
little bullish, but failed to attract no
Ice. Movement into sight was co.
no bales, compared with 1870 while
|Ipinners took 10000 against 121, 000
|hlea, showing a considerable relative
|kss in the visible,
Futures closed 10 points lower to
CHER; tone barely steady.
New Orleans closed unchanged to !
Aoints up; tone steady. Spots were un-
hanged, middling at 31.25c, with sales
80 bales.
Liverpool will be the only market
pen Monday and should be 3 to
Joints lower.
In the local market no change was
nade in quotations and sales for the
lay were 500 bales, making 1,l00 for
he week.
Estimated stock unsold in the hands
4 factors Is so, 900 bales, against 60, 00(
asst year and 20, 900 in 1917. Linters in
took are 81, 000, against 102, 900 last
ear, and $4,000 in 1917.