The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-05-17
ROUND The TICKER
Cotton.

Montgomery, Ala-Crop conditions
are not up to the standard as compared
to normal for the 18th Of May. The
area that has been planted is com
ing up nicely, and TO a good stand,
but Is small n acks so far proper
cultivation. The acreage, on account
Of the lsteness OF planting. is sttll an
uncertainty. All forecasts at the pres
ent time are apt TO he wrong, but we
might state that indications point TO
a decrease Of about IL TO Is per cent
Some districts actU7 y show an in
crease. for instance Alabama and Louis
lana, whereas Georgia, Mississippi and
Oklahoma will probably show the largest
decreaSe.-Weil Bros,
New York-Prices moved upward to
a new high yesterday under the power
full impulse OF an active demand for
goods and raw cotton. Manchester
trade reports were OF a glowing charae-
ter n America Is not at all behind. II
has a big trade In goods at rising prices,
The mills on both sides Of the water
are making money especially in the
United states. The rise of raw cotton
is founded on a re-awakentng OF leEtt-
innate demand on both sides Of the At
lantiC,-Journal OF Commerce.
New York-The upward impetus to
prices Was so strong n pronounced
yesterday that it will probably hold to-
day. The activity In goods Is being ac-
cepted as \ act beyond question and
destined to continue for some time and
on both sides OF the water. Based Oh
this feature Liverpool and trade inter-
ests here keep steadily absorbing con
tracts, especially on all recessions,
which do not last long, The crop re-
porting committee Of the newly organ
i2ed American Cotton Growers associa
ton makes a doleful report on crop
] . RAaVNn,N, ,,kTl a. rAI,.,Vt aF 81 IN VNn
cent In acreage and 25 to 50 per cent IN
use OF fertilizers, scarcity OF labor, and
predicts tho worst boil weevil damage
ever AUGMENTATION TO Shepard n
GluCk.
New York-Cottou opinions: Hub
bard Bros. Tho local feeling con
tinues bullish and there is nc disposi-
ton to oppose the advance Weld 4
Co; We continue our opinion that
materially higher prices are probable
and suggest purchases on any fair re
cession." Carpenter, We are OF the
opinion that there is no room for tn,
usual reactions"
New York-Yesterday's sign-ups in.
dicated big fellows took profits -McEi
roy to Cottcr & Turner.
New York-Weld advising taking
profits; still bullish and expects higher
but thinks going too fast.-Clevenburl
to Cotter ~ Turner,
New York-Some local buying, bu
mostly on expectation western rain'
may extend eastward.-Hubbard Il
Reese,
New Orleans-The weekly statistics
just out are the most favorable IL
many months. Worlds mills takingI
of American cotton this week are III,
600 bales against 1t6, 900 this week las
year and 1927, 900 this week two year
ago. The visible supply OF American
shows a decrease this week of TOES
bales versus a decrease this lear yea
OF 81 ,46S and a decrease this week tw
years ago Of 1872, 797.-Shepard Il Gluck
New York-Not sure about July
commission houses long and South sell
ing steadily; do not buy July at pres
ent.-Hubbard to Reese.
New York-Good general deman
continues and tone steady In spite o
rather fine liquidation at this level
Gwathmey to Foster.
New York-Times says print clot'
prices literally running away; heav
rain Dallas and not needed.-Cleven
burg.
New Orleans-Rains central belt
Houston advises large spot sales afte
hours above quotations.-Fenner I
Gustafson.
Grain.
Memphis receipts: Corn I, oats . an
hay II cars,
Hog receipts: Chicago 5000, Kansa
City 500, Omaha $500, Sioux City 30t
st. Joseph $500, st, Louis $500.
Chicago-Receipts: Wheat 2,00'
corn l46, 900, oats 200, 900. Shipments
: Wheat 375, 900, corn 81, 900, oats $1,000
| st, Louis-Receipts: Wheat %, 90