The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-08-15
ROUND The TICKER
Cotton.

New Yurk-The swings Of public
opinion concerning the attCr-war CON
sumption py the world have been fire.
quent and ~proqounced. Just at the
moment Il is rather pcSstmlsttc due
to recent law of Germany prohibiting
the imports except on a years credit
and the high cost of Goa as affecting
the industrial life of Great Britain.
Then, too, the general sentiment is
that the crop is showing improvement
and the goods markets Of the world
are retrogradlng IN demand -Falion,
New York Good demand and short
covering Que to rains eastern belt. Weld
brokers good buyers, Wall street sold,
Hubbard TO Reese.
New Nork-The board Of
of the New York cotton exchange de
clincd yesterday To grant the petition
Of members that the exchange be closed
next Saturday.
New York,-The watkins bureau Of
hachman Co, places condition as Aug.
Gated yield ll.S2S 900 bales. allowing
] per cent for abandonment
New York-Wan street selling is be-
ing absorbed by trade interests, hut
taxing II all In all there Is no CONT
gence and lower prices seem indicated
by existing condttions.-Fallon.
New York-Dry goods report says
second hand holders OF print cloths and
sheetings who had bought more than
they intended to use, released goods
freely ana prices were much weaker,
First hands held steady and jobbers
regard situation hopeful.
New Nork-Print cloths In Worth
street weak, spectators anxious un-
load at any price, Spot man here says
spinners unlikely buy future to hedge
until know what government does
Cleve.
New York-Agaln prices dropped, all
the foreign exchange rates were lower;
marks continually seek newq low level;
exports continue light; II they do not
Increase before long lower prices are
expected, Liverpool sold, the South
looms larger as seller, Room traders
and Wal street sold, The trade was
active buyer and the short interest is
becoming 50 overcrowded that many
trading on that side take alarm at the
first sign of a decrease.
New York-Forelgn trade corporation
just formed can take care fifty mil
lions time exchange, but won't help
Germany, owing too long credits.-Mc-
Elroy,
New York-Strength surprised the
bears; seems based on little trade
buying and absence offerings, -Cleve
New Iork-New Orleans bought and
shorts tried cover, found contracts
scarce.-Cleve. to Cotter n Turner,
New York-Loeal short covering In
narrow market caused bulge, outside
buying coming In and no contracts fol
sale,-HubbRrd to Reese.
New Orleans-lf rumor is confirmed
that a large corporation Is being form
ed to finance credits for Europe, II
would probably tend to steady market
In view Of prospects for large cunsump'
ton and outlook for another shor'
crop, see nothing except uneasines'
concerning high cost OF living to worry
over so far as cotton IL concerned, a,
raw cotton not likely to be touched
whereas lower prices for goods woult
likely increase buying Of sames. Sen.
timent miXed,-Beer.
New Orleans-Shorts tried to TAX,
their profits and put prices up OF
themselves Il G,
New Orleans-The market OPEN
very steady as the result Of too mucl
rain east OF the Mississippi river ant
continued drought In the West. RIM
traders, In many cases, say the mar
ket Is short and not a few OF then
look for a reaction,
New Orleans-The weather nap 4
unfarorable because too much rain 4
shown In the Central and Eastern belt
and not enough In the Western belt
New York reports further reselling u
cotton goods by speSulatSrs and
is gaining great Roadway and tn,
United States government has sent
ncar-ultimatum to Mexico, The MeXi
can situation may be played up as
market feature in the near future
a. G.,
Dallas reports situation North Texa
alarming owing to activity of insecti
weevils, and boil worms, HattiesburI
South Mississippi, reports fun grow
hollis, when opened, contain weevii; SIT
uation serious,-Beer
Liverpool cables Long liquidation an
+: short sales, chiefly Manchester, in yer
! narrow market without buying powel
J Large houses doing nothing,
New Orleans.-Dont' think advanc
will hold, owing van of better spo
, demand and lower foreign exchang,
j.; Campaign against profiteering jus
B started, likely have ~unfnvorable effeC
: on values, Demand sterling came nca
lowest record--428A--this morning
later rallied to 4,30 w, 43th yesterday
Beer.
. New Orleans.-Fourteen stations Tex
: as maximum temperatures 100 to TO-
yesterday IA stations 100 to l04,
: New Orleans-Crop and weather new
bullish and cotton can't be held dow
very long under such conditions. Ever
indication Of another disturbance !
> southeastern waters.-Clark & Co,
! New Orleans.-Market holding well |
spite of weakness In foreign exchange
I which Is about lowest on record,-Fen
ner to Gustafson.
New Orleans.-Wall street sellin
!, raided market, but II came back quick
/; ly and advanced SO points, shown
q confidence In this price leVel-Clark
Co.
= Grain.
Memphis receipts: Corn IL, oats ?
and hay 10 cars,
J, Chicago-Receipts; Wheat III, O0
. corr 81, 900, oats 4S2, 900. Shipments
Wheat 81 900. corn $4,000, oats 299, 90
st. Louis-Receipts; Wheat 1884, 90,
, corn 5000, oats 40, 900. shipments
y Wheat 251 600, corn 5000, oats, u 90
Chicago.-Corn opened weak on
further break OF dollar in hogs.
Forecast-Illinois, Missouri, pa
: cloudy with local thundershowers, coo
er tonight. saturday generally fai
o cooler. Wisconsin, Minnesota, low,
Dakotas, Nebraska and Kansas, gene
J; ally fair tonight and Saturday, coole
Y Chicago-Hog market now $l.OO
$50 lower than yesterday, Top $2i.b
Wagner d Co.
: Chicago-Corn has broken from ST.
10 to $1,42 for December; cash corn arour
Y 81. ! don't believe any real corr W
" sell much under $3.50 this year. Mark
has broken on sales OF wind, az ID,
! cember and May are wind. Bears W
y shoot at 1t at every bulge, Believe COZ
= and oats both purchased will mai
- money. The crop of oats Is small, pro-
= ably not over one billion feeding valu
:, as weight is "a to 25 pounds. Corn pro
's poets are very good, but hogs and ia