The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-07-30
ROUND THE TICKER
Cotton.

Liverpool cables. General liquidation
causing decline.
Nyw Yorl,. Thinks BEARS hammered
| Liverpool to buy here; expect bottom
today.-McElroy to COJter & Turner.
New Orleans-Commercial year in
cotton ends tomorrow, beartsh con-
sumption figures for past season and
large carry-over probable, Sentiment
| remains c~onserVatively beaTish. Will re-
/ quire better spot demand or unfavorable
weather to create better feeling. Mean
while the uncertainty as TO Fridays
bureau Is hanging over market.-Bee
to McFalL
New York.-Journal OF Commerce re-
ports rains and weevil injured Texas
and Oklahoma crop, Season very late;
Oklahoma bdsl2r h Texas, where
weevil becoming serious menace. Plant
generally small, fairly strong. poorly
truited. grass heavy In localities, labor
scarce. Texas somewhat below last
month, Oklahoma about unchanged
Hubbard TO Reese.
New York-Liverpool cables lack de-
mand account better weather; heal
market steadied by domestic mills, hut
further reaction likely before bureau
Hubbard.
Dallas. Tex, wires: Conditions In
North and West Texas and in West
Oklahoma are best since 1914. If the
weather continues favorable, a bumper
crop will be made"
New York.-Weak Liverpool supposed
be natural narrowing of differences
they were too wide.-Cieve to c. & T.
New York,-Cotton opinions: Carpen-
ter-The favorable change in the
weather will not prevent the bureau
report on Friday from being the worst
on record. Weld a Cove believe
that purchases at any decline from
present levels are advisable, Hutton e.
Co.-The market is IN shape to respond
readily should we have the slightest
unfavorable crop news.
New York.-Liverpool heavy seller,
recent sellers r~e-buying. Traders ex-
pect rally on showers, Atlantics. Weld
brokers heavy sellers. Hubbard TO
Reese.
New York.-Market may go lower
before bureau. Gwathmey and Phila-
delphia good sellers. temple bearish.
Domestic trade buying checks decline.
Locals bearish and short interest in
creasing. -Hustace Hubbard TO Reese.
New orleans.-The only explanation
Liverpool has yet made concerning its
wide slump is found in this cable
General long liquidation and hedge
selling and very small off takes.
< G.
New orleans.-The American Cotton
association makes the condition 81;
gives acreage abandonment at 9E per
cent, largest on Tecord.-Shepard &
Gluck.
New orleans.-Ameriean Cotton asso-
citation says. ION account of long-coH-
tinued rains cotton is extremely poorly
fTuited, One of our leading experts
states that the fruit h. the poorest in
his entire experience OF some twenty
odd years. The boil weevil damage is
the worst on record,-Clark & Co.
New Orleans.-The s-Picayune
condition report makes the condition
OF the cotton crop 6S.9 as of July rs VS..
and 1O-year average of 1911 No i'm
pPoVetnent in crop last period. Boil
weeVil doing much harm. Too much
rain and great scarcity OF labor worry
ing farmers.
New York.-Liyerpool cables: IRA
ders FEAR bearish bureau" Spinners
buying on call; demand not sufficient
to sustain market,-Hubbard.
New Orleans.-Weekly weather re-
port mixed. Rather favorable as a
whole: Don't think report goods as ex-
pected.-Beer.
New Orleans.-Weekly report sum-
married by Shepard e. Gluck. Texas
Moderate to heavy rainfall in the south
eastern half of the state and excessive
rains in scattered localities delayed
cultivation. Cotton made satisfactory
progress in the central northern and
western portions, and the condition is
generally satisfactory. Cotton deterior-
ated In the east and south. States are
large, there is little fruit and much
Shedding as a result of heavy rainfall
Oklahoma-good. Georgia-Not good
Alabama-StandoffS M ississippi-7gFair
Arkansas-Good. South Carolina issfbst,
ter han expected. North Carolina il
Dad and Louisiana a standoff. Consid
ering the fact that cotton should de.
teriorate at this time of the year tn,
| weekly reports must be called rather
bearish, At the same time it is plaiI
that the reports are not 30 favorable
as extreme bearish expected.
New Orleans-SavanHah clears fol-
foreign export today 1858 bales o.
cotton. Tomorrow is the end of tn,
Hmonth and the end of the cotton yeas
And the before the close tomorrow
large shipments are possible, now tina
the marine strike is overs. & G.
New York-Foreign exchange ex
cited, especially French, with franc.
down to 1874.
New Orleans-Norman Mayer g. Co
condition 6S.3 w. 70 by government las
! month. o.
New York-Norden G. Co. condition
guess 70.5. ~
Yazoo City, Miss.-With an average
season from now on, says one of oui
| cCuntry's largest cotton firms, this vi.
entity may reasonably expect a hal
crop. The firm advises against exten
sive selling Of staple cotton for. fall de
llvery.~-Beer. 3
New York-Weekly weather rattle
favorable, Liverpool sold 81 5000 here
shorts best buyers. Charlotte wires
spot demand poor. Loos safe enougI
take or a little. '-Cleve to Cotter {
Turner.
New York-Market continued under
pressure; heavy liquidation Wall stree
and speculative longs; Liverpool ant
trade buying. Weather report shows
little improvement. Looks sold out
Newman Bros, Evans to Gustafsoh.
Grain.
Memphis receipts; Corn 3, oats l.
and hay Is cars.
Hog receipts; Chicago 5000, Omahi
5000, Kansas City 1000, Sioux Cit,
$500, st, Joseph 6,400. st. Louis $500.
Chicago-Receipts: Wheat la, 00O
corn 242, 900, oats 951 900. Shipments
Wheat 1890, cora l62, 900, oats 7 1000,
St, Louis-Receipts; Wheat 53l, 900
corn A 1900, oats $4,000. Shipments
Wheat So6, 900, corn $4,000, pats 10000.
ChlcagD4-Price Current weekly re
port says; Growth of corn well main
tained. Weekly government report say
corn made good to very good progress
generally except In some central local.
ties and the northwest where it was to
dry. Crop needs rain in most interio
and northern sections"
Chicago-Considerable liquidation |
corn n fair amount in oats. CountF
houses have sold September n De
oember corn; Omaha houses sold it,
Babcock to Clark n Co.
Chicago l. Reporting heavy rain a
Galesburg, ILL.,, and light at Peoria
Half incl yesterday at Leetus, Musca
tine and all through that territory {
! Iowa,
Chicago-O'Brien says: 81 think cor
is high enough until we have furthe
! damage. Block Maloney now sellin
oorn."-Clement, Curtis & Co, to Nc
Fall.
Grain belt forecast: Hlinois-Genera
Lao fat. tApt-At Frl,,-1a,r .n,aANtln.