The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-11-12
ROUND THE TICKER
Cotton.

NEN III Alhfi hptA
probably due to advance In money rate
at New York 10 IS per cent, break In
foreign exchange rates and expectation
Of large imports with consequent hedge
selling and straddle transfers, Clark q
Co.
New Orleans .-Government gives ay-
erage weight OF bales for belt at close
OF October as 50s,s6 VS.. 6l9.0S last year.
Vague rumors OF some large southern
concern falling -Kofer TO Clark q Co.
Average rainfall state Of Texas dur
ing month Of October was 7.62, which
is 5.04 above previous average,
New York-Sentiment unsettled;
many fear break on outside Influence,
despite bullishness cotton as proposition
by itself; any decline cannot be perna-
men unless south weakens.-CleNenDurR
TO Cotter & Turner.
New Orleans. Liverpool cables hedge
selling and long liquidation on fears OF
dearer money uncovered stop loss or
ders. We expect further weakening OF
far months as nears prottcd by dis
counts under spots with good demand
for al t%enderable grades-Wel g. White
to Cotter & Turner,
New York.-Federal reserve banks
that are close TO their limit at New
York; Atlanta and Dallas. New York
carrying United States bonds and the
others cotton Hubbard to Reese.
New Orleans.-The weather bureau
issues a short summary Of cotton crop
conditions for this last week, stating
that the weather was too wet for pickv
ing over most OF the central and west
ern portions OF the belt. but that In
the eastern conditions were more fa-
Vorable, Damage by rain was done in
the west. Picking is practically COM
pleted In Alabama and Georgia.
New York .-Recent developments re-
garding money and steps undertaken to
restrict all speculation are so impor-
tant that We advise looking on for pres
ent In spite bullish situation surround
ing cotton. -Gwathmey to Foster.
New York.-weld; We still expect
higher prices, as we believe spots and
futures must come together and don't
believe the farmer win sell on de-
clines,
New York.-Spots refuse to decline
with futures; think purchases on breaks
advisable. -Ferrell, OF Bache g. Co.
New York wires: There has been
I heavy liquidation this last week and
the market is much healthier. We think
II time to take on a little cotton"
Ferris, Texas, wires; THE .tempera-
ture here is SO degrees and II is get
ting colder, A. freeze tonight would
finish the crop"
New Worthwhile the general condi-
tons that go to make up the cotton
factors are bullish, they are offset by
the money market and with the federal
reserve officials considering steps to
check speculation in both stocks and
commodities don't think we can have
any bull movement,-jung to Neral.
New York-Liauidation may go futh-
er, but think will sell higher long run.
-Gwathmey to Foster
New Yprk-Banking heads are
alarmed over speculative situation stock
market, hut deny rumors drastic ac-
tion ,-~Clevenburg.
New York-Gwathmey bought some
cotton this morning Commission buy
ers also, Japanese Interests bought sew
eral thousands bales,
New York-Steady on strength near
positions, small stocks here and large
discounts spring positions and general
belief reserve bank will not press
Southern holders, but no Northern spec
ulation. Liverpool weak on night
money,-Huhbard to Reese.
New York-Has taken selling remark
ably well; should do better, but has
not digested selling vets. T, Hub
bard,
, Liverpool-Market weak; bulllsh en-
thuSiasm waning. Financial outlook
very unsatisfactory. Fears tight money
may cause liquidation. Liquidation in
oVerbought market continues.-Alexan
der Eccles & co,
New York This break caused by
outside influence Of no real cotton
weight, Think 1t is the day to buy
cotton Slater to McFall
New York. Egyptian crop, 6,O25, o0C
cautors estimated, or 400, 900 bales,
Larger than expected-Hubbard to
Reese.
New Orleans-Census consumption re.
port for L, S, Friday likely to be bull
lsh, also as to stocks in mills and
public storage,-Beer.
New Orleans-Liverpool weak on gen
eral hedge selling, Map shows genuine
cold wave that will prevent serious
decline,-Fenner & Boone to Gustafson
New York, Heavy liquidation on i'm.
preston federal reserve desires checi
commodity speculation along witt
stocks, -McElroy,
New York-Nothing to say on thi,
afternoons break except II was on Wa!
street selling and very few buyers, du,
TO financial situation ,-Clevenburg.
New York,-Money very scarce; abou
S2O,O0V,0 900 wanted and none offering.
New Orleans-Rumors OF laying dow
by some spot FIRMS is denied A dro
Of 40 degrees In temperature by nigh
anod frost is predicted by local weathe
bureau for New Orleans tonikht. Eros
VIII extend to the coast,-Beer to Nc
Fall.
New York,-Inerease in money rate
bringing out some liquidation; believ
market is honeycombed with stop OF
ders, Jung 10 McFall, -
New York wires: Agree situation co
ton extremely hullish, but federal II
serve bank may use powerful NEAR
to conserve money for commercial bus
ness and WI can't yet see what II
suit VIII be near future. -Gwathmey
Co.
New orleans,-Spot people say lit
cotton coming owing to recent railroa
embargo, therefore spot business rath,
light. Some hedged cotton offering b
low quotations ,-kofler,
Gram.
Memphis receipts; Corn ., oats /
y and hay 10 cars,
Hog receipts; Chicago, $4,000; Oman
1000; Kansas city, 5000; Sioux Cit
$500; st, Joseph, 1000; st, Louis, II
000.
Chicago-Receipts; Wheat, 1890
corn, 2g5, 900; oats, 255, 900. shipment
'si Wheat 10000; corn. $4,000; oats, 3tl
900,
81. Louis--Receipts Wheat, 1884,
corn, % .o00; oats. sc, 900. Shipmen'
Wheat, 100, 600; corn, 1900; oats, 500
n, Chicago-Price Current says; III
that very little new corn arriving
Is, grading sample, but the corn has co
menccd to move so early that the CT
ge may be forced TO last lS or more mont
instead Of l.,
lyiI Chicago-Next weeks movement
corn will probably decide the trend
values, Weather conditions are VI
favorable for a movement OF grs
IT'S, Sales OF oats east about 80, 200. NV,
er, ner & Co.
Al Chicago-It Is the belief Of q major
OF the corn traders here that arriy
inside Of q few weeks will Increase
proportions that win depress cash =
miums aud cause futures to weak
This is the basis for q good part of
purchases and for all those who