The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-05-13
ROUND THE TICKER
Cotton.

Now lAfai MS TIC mar Act ~ hEAE
steady on the forecast Of continued
shOwery weather for the western belt
Complaints are increasing regarding the
effect OF rains on. the crop. Magnolia,
Miss, wires: Continued rains here and
crop seriously affected" At the same
time a telegram from Taylor. Tex,
says: Weather ideal All crops best
IN history at present time. Shepard &
Gluck.
New Orleans - Liverpool cables:
Small market. Yesterdays shorts COW
ering. Less offering. New York wires:
Liverpool buying here. Shepard &
Chuck.
New York-England's business in
goods is active with values tending up,
undoubtedly stimulated by the jump Of
silver, thus aiding trade with Asiatic
countries. Sterling exchange continues
strong, a further help to exports from
this country. Reports from our goods
interests all most encouraging, both as
to demand and prices. Southern mar
kets report good demand for spots and
the weather still leaves much to be de-
sired.-FallOn to Shepard & Gluck.
New York Journal of Commerce:
"Bullish factors are powerful enough to
put up prices despite some beaTish
items. Some believe the South will not
greatly reduce ACREAGE; can yet be in
creased where it has been reduced.
Texas was drenched, also Arkansas,
and in Tennessee rains also continued.
The date OF the government June re-
port is only 20 days off. 1t is argued
that bull speculation in this country
everywhere in and out Of Wall street is
going too fast and too. far and some
favorable crop reports are being re-
Ceived."
New York-Cotton opinions: s.. NJ.
Weld g. Co.: Believe higher prices are
probable ultimately and consider pur-
MOyse & Holmes: There is too much
rain South" Jay & Co: THE trend
OF prices for a time will depend main
" upon weather conditions"
New York - Dry goods powerfully
strong; pay no attention to German
situation; keep long.-McElroy to Cot
ter & Turner.
New York-Market continues small,
but very steady, with good undertone;
no special features.-Gwathmey to
Foster.
New York-Enough realizing to fill
up scattered buying. Good weather
map; looks like may ease a bit,-Hub-
bard to Reese.
New Orleans - Disappointing cables
offset by continued rains ands favor
able spot advices, while p~rotraction wet
weather would doubtless result in fur
Their advance, Spot holders appear will
ing sellers at these levels and market
at times gives signs being ~overbought;
in view Of which clearing weather
would be followed by liquidation.-Ellis
& Co. night letter.
New Orleans-Texas reports big spot
demand. All exporters active. Dry
weather badly needed,-Fenner to Gus
tafson,
New Orleans Already Japan has
taken about as much cotton as she
took during the whole of last season
when its takings were the largest on
record up to that time, or so far this
season 604, 900 bales VS.. 500, 900 for whole
Of last season.-Beer.
New Orleans. Shepard & Gluck had
following wires: S%partanburg, s.. c.:
Downpour very detrimental. Clear
weather badly needed. Waco, Tex: Dry
weather needed. Spots quiet. Austin,
Tex: Some fields very grassy. Dry
weather badly needed. Crop very late
and am convinced that there will be
a big reduction in acreage.
New Orleans.-The census bureau re-
port on American consumption for April
is due at 3 a. M tomorrow. 1t will
compare with 433, 100 bales consumed
lIot counting nnteFS III NdTCn OF LnlS
year and 544,125 in April OF last year.
Conservative estimates hardly place
consumption above $50, 900 bales.-S.
& G.
New Orleans.-Tuscaloosa, Ala,
wires: while there is a good demand
for cotton with staple there is a poor
demand for cotton equal to contract
delivery" Dallas, Texas, wires: There
is a big spot demand IN this section,
all exporters are active and stocks are
becoming depleted" Local spot bro
kers say hat there is SOM looking
around Inc a fair business doing at
firm prices.-S. & G.
New York reports a stronger and
more active market for cotton goods.
Greensboro, n, c., wires: Weather
very bad in Atlantics."