The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-09-08
ROUND THE TICKER
Cotton.

Cotton.
New Orleans-World' production was
approximately 1850 bales. world 5
consumption season. ending July 81,
1918, Was approximately 1890 600 bales
Beer to McFall
Some Texas cvrop reports to Beer,
New Orleans: Ennis-Reports repeat
eddy reach us that West Texas has
largest crop in its history: North Texas
also a bumper chop; Central and East
TeNas fair; South Texas poor. We an |
tlclpate staple viii be superior to any |
Tor many years past with a quantity ot
low grades, Downward movement OF
marl'et Is viewed by farmers as due to
ARTIFICIAL causes, and not In accord with
cost OF production, and this conviction
VIII probably have a tendency to create
a very slow movement. There is an eN-
cellent demand for strict middling cot.
ton, especially for September delivery,
but little for low grades.
New Orleans Futures steady at de-
cline, less pressure. offerings likely be
less Tree at these levels. Any buying Of
consequence would probably occasion
sharp upturn; market looks oVersold.-
Beer to MeFall.
New York-Mumtord been hearish
right along, advise now cover shorts,
Thinks had decline enough for present,
-CleNenburg.
New Orleans. Liverpool writes us:
Slight improvement at Manchester in
the demand for cloth, with prospects Of
increased business at an early date from
india, stocks at Bombay being reported
lower than for many years. The mar
ket n declined several pence and long
interest has been replaced by short
interest. We think rallies are due.
Egyptian crop reports are favorable, but
ines crop is about a fortnight late
Clark & Co,
New Orleans-The weather bureau
issues bulletin stating that the tropical
storm, which it calls severe, ia now over
the western Bahamas and is moving in
a "northwesterly direction. 1t will prob
by be over Florida tonight, when
be swept,-Shepard & Chuck.
New York-rapers say bankers gem
eraliy look for exchange to go still low
err ~ sterling is predicted by October,
-CleNenoerg to Cotter & Turner.
New Orleans-Austin, Texas; The
committee selected by the Texas de-
partment OF agriculture to investigate
the cost OF producing the 1919 cotton
crop IN Texas with the view of arriving
az a talr profit, met here today and
recommended that the minimum price
be fixed at the cost Of production. The
committee figured the cost Of production
az - cents per pound and recommended
tnat merchants, bankers and buyers do
an IN their power to cooperate In as
slsllng and impressing upon farmers the
necessity of marketing their cotton
slowly, in order to obtain an equitable
price. Farmers are urged to sell only
as cotton is needed for export or do
mesttc use.-Beer to McF'all
New Orleans-Storm warning, advis-
DRY: Northeast storm warning 10 a. m,
Jupiter to Key West and Fort Meyers,
/ flA. lnSt1ThAnpA nAnF ~ nNrnT GAstfb
west Bahamas, apparently moving west
by northwest, win cause strong north.
east winds and probably gales Monday,
Extreme caution advised
New Y~ork-Further outside liquidation
near positions; Liverpool bought Jan
uary and distant-Hubbard to Reese.
New Orleans wires disturbance over
Bahamas moving northwest apparently,
New York--Iieavy Wall street selling
LIVERPOOL sold,-Clevenberg to Cotter &,
New orleans-Exports from all ports
to Europe today compare with only 30C
last year same date, Small ginnings
denotes very l~ateness Of crop and It's LA
bility to serious further damage in event
or early killing frost,--Beer to McFall.
Waco, Texas-Weather has impro,
and less rain; less complaint Of Insects.
but more rust and root rot. farmers
iSSiStins ueClIne, seulnB only TO settle
obligation, Increasing resistance decline
expected.
New Orleans-Greenville. Tex, wires
Reports coming from all sections OF
a new crop Of worms.-Shepard g. Gluck.
New Orleans-Understand Morgan in
tcrView Is causing pessimism. Clear
pressure much in evidence. discuraginp
bullish news,-Fenner to Gustafson.
New York wires that the cotton ex.
change there wifi vote today on wheth.
er IT will close Wednesday, "Pershin.
Day
New Orleans-The storm appears to
be Of only moderate intensity. The
market has paid hut little attention &c
the storm or to the very bullish ginning
reports.-Shepard & luck,
New York-Cotton opinion: Carpen-
ter. Everything seems to be against
the cotton at the present moment, heItC,
the universal bearish sentiment, S, ,
Weld & Co: We think lower prices
are possible, but do not advise the short
side, as we would prefer to wait fol
better opportunities on which to buy.
New Orleans-With reactions from
time to time In order, think lower ulti.
mately unless something overtakes the
crop.-Schneider,
New Orleans-Bullish ginnings ignored
for present; sentimental decline owing
to pessimistic feeling Of the foreign H.
nancial situation n fewer troubles
with steel workers Light ginningS
should affect near positions favorably
Liverpool buying on arbitrage.-Beer.
Gram.
f,ki,,ro ,,isihlo ,upnIv, Wboat In