The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-04-23

REDUCTION IN ireights. Under i]nfiuenc,
OF improved weather conditions over IN,
DeIt inc probability of a satisfac
tory weekly report some are exDectin,
a reaction In prices. but SO confiden
IN present values in the trade generaiIy
thal all setbacks are availed of 10 Eecrr,
contracts.-Fallon TO Shepard q Gluck
New Neutrality-suspicious. Liver
pool but Manchester reports large bust.
ness; think mitch peace negotiation,
II good weather responsible for re.
dictionary feeling.-Fenner 10 I1stsf.
son '''
Liverpool cables: Good c~ontinenta'
buying on the opening but later, desntts
large spot demand. the market eased
sllghtly, on local and Manchester long
~liquidations.
New York wires: Continued good
"eather Is causing liquidation.
New O~rleaus-Fair weather ia the
i3recast for the entire eastern half OF
the cotton region. Apparently there
WIN not be much change in tempera-
lures, although some map gazeIs think
the area OF nigh pressure moving across
me map VIII bring colder weather TO
the belt.-Shepard & Gluck.
New Orleans-Disappointlng Liver
POOL good weather. Paris news sug-
costing possibility of delay; more ger
erai feeling for reaction may have mod
crate effect, but don't expect much
give n think purchase on breaks
clark to Cotter 81 Turner.
New York-Liverpool disappointing
ana continued good weather causing
liquidation here: probably work lower
Hubbard to Reese.
New Orleans-Selins Is NOT aq beayv
as expected in view of general belief
m bearish crop accounts at 10 O'Clock.
LlNerpoofs prediction of a rise of $40
II Dale IN cotton Is causing considerable
comment here. Reports from the in
terror indicate that planting of cotton
Is being pushed. There is no indica-
acreage The coast and western coun-
ties OF Texas claim an increase in
acreage.-Shepard e. Gluck.
New York--Advlse replacing longs.
reaction enough; situation daily grow
Ing stronger.-McElroy to Cotter g.
Turner.
New Orleans.-There is nothing hero
to explain the bulge. New York SAYS
that Livermore is doing the buying
there.
New York wires: Japanese brokers
have been heavy sellers"
Dallas, Tex, wires: Texas needs
rain"
New Orleans The state of .Tennes-
see recently passed a genuine anti
bucket shop law, recognizing the legal
NY OF the future contract business and
imposing a penalty of fine and i'm
|prisonment for bucket shopping. This
Is a great victory for the legitimate
eXchanges.-Shepard & Gluck,
New York.-Hutton and G%wathmey.
brokers, god buyers new crop; think
Tor Livermore -Clevenburg to Cotter
& Turner.
New York,-Wall street, New Or
leans and Japs selling.
New Orleans.-Weekly report only
half way favorable speaks Of delay by
10" temperatures. Scaiping market
Clark to c. & 4.
Now York.-Decline due to selling by
,oeais playing for reaction and some
ce god demand on way down.-Gwath-
mey to Foster.
New Orleans.-Afternoon press news
not encouraging, but there Ii a general
disposition to buy on reactions. CLARK.
Grain.
Memphis receipts: Corn rs, oats, %,
hay l6 and alfalfa meal is cars,
Hog receipts: Chicago. 10000; Omaha
IZsO0p; Kansas City, 5000; Sioux City
8, SOoi st, Joseph, $500; st. Louis. l5,-
900. 1870 ~
Chicago.-ReceIpts: Wheat, So 1000;
corn, 1888, 900; oats, AS, 900. Shipments:
Wheat, $4,000, corn, 81 900, oats, $780,
st. Louis. Receipts: Wheat $4,000;
corn, $4,000; oats, $4,000. Shipments:
Wheat, $4,000; corn, $4,000; oats, 12l,-
Chtcago,-The corn market absorbed
Immense load yesterday in the way
long stuff and short selling, but re-
covered In a very gratifying manner to
bulls; A sustaining influence seems to
be the fact that longs have been ac-
profits pretty regularly. Sep
oats are gaining friends, mainly |
the short crop theory. There Is
talk that the largest shorts In
corn are. Eastern longs In cotton who
nave sold corn on the enlarged acreage
prospects of the South at the expense |
cotton acreage.-Wagner & Co.
Chicago.-Grain forecast. Illinois and
Missouri, part cloudy, much colder to-
night, probably frost In north portions
Thursday fair and cooler; Wisconsin, |
North and South Dakota.
Nebraska n Kansas, generally fair
tonight and Thursday, much colder,
temperatures near freezing. somewhat
northwest Thursday.
Chicago,-Au ~unfavorable weather
map and advancing hog prices, with the
after at the highest In trade history,
caused extensive buying of grains, re-
In the high opening Wagner
Chicago, There is some very good
Of corn going on at the present
lime In the way Of taking profits on
part of rather big interests.
Chicago,-Al corn futures sold into
Few high ground on the crop as did