The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-10-30
COTTON MARKETS
-ket Disposed to Hesitate
Coal Strike and
Bureau Report.
Thursday Afternoon, Oct. 80.

Thursday Afternoon, Oct. 80.
it'll the country probably facing a
: coal strike aud traders In an at
10 Of uncertainty pending some 9th.
things, there was some disposition
~ TO be hesitant. However, 1t failed
each the extent that sellers we're
tiful, for weather Is anything but
rable and spots III firm as ever
4 rule and the scramble apparently
OF at an end.
verpool was some better than due
did not offer any eneoura cement to
r~eactiouists. Finals were steady
there and from five to IA points
the bad. The rush for spots was
inued and $4,000 bales changed
dis, middling being off 50 points to
I'D. Included in the sales were 49,
American. Receipts for the day
1,400 bales, all American.
a this side the feeling regarding the
Re is one of calm assurance, for
Rt where people believe that some
Ehe problems must De threshed out
contests fought TO a finish. The
fk market early In the day was re-
onary, but not to the extent that II
lected much concern over the out
he of the strike, in case efforts to
id it prove futile. This had its eff
on cotton and stimulated buying on
early dip.
he weather map was not favorable
any means, for there were rains re-
ted at some stations and the barom-
N lines indicated continued soft con
ions and in all probability another
spell, The cold raves seem unable
penetrate far into the belt, which
ans continued rains. This in turn
ans continued damage to cotton in
fields and maintenance of premiums
the better grades.
iome reports as to the crop came
m private sources. and they were
lish. One concern figured condi-
b at 500, while another gave a very
{couraging summary of conditions in
ssas, Oklahoma and Arkansas. These
we'd to point to the government bu-
u report tomorrow morning at IL
ock, local time, coming low, but as
win not have any estimate on indi-
led yield the traders feel that the
lort will be OF small speculative val
In fact, there is little disposition
give the report much weight, as
IRE are no figures for comparison
d-poses.
nc the opening domestic markets
re- not off much, but the offering
limited amounts of contracts found
.Fers timid and the result was a hur-
d dip of about half a cent. Decem-
N in New York opened at 39.4Sc,
ID during the first hour sold off tc
D2o, but trade support came In and
Used recovery. 1t was notable thai
nand went to some OF the later po-
ions rather than to the near, re.
biting expectations Of s Il | n e 3
length. December sold back as high
36. Sac. but later reacted slightly ant
lthed to be without positive trend
lbhngh there was no pressure of con
baance,
Spots were reorted moore quiet, blu
18th holders still In the saddle. Herr
Id there are some adviceS telling o.
light easiness, but quotations are still
III above parity with contracts.
Futures closed l points off to SO up
he firm.
New Orleans closed 4 to 4s points up
Inc steady. Spots were SO points Ut
Kidding at 39c, and sales were 1923
Hes.
liverpool will be due to come
ints up.
lin the local market sales reporte
ERE 2,450 bales and quotations Wer
bchanged, middling at 40c,