The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-09-12

New York-Steady with storm inn
BENDING toward Sabine Pass, sentiment
ather favors market, only sellers hedge
,otton; no outside buying.-Hubbard t.
Reese.
New orleans-we have following from
Temple, Tex: Within the past 10 days
he worms have reappeared and are do
ING considerable damage. Field thai
ave promise of a bale TO the acre now
iooks as II quarter bale would be thu
imit"-Clark.
New York-Weld & Co: Texas tray
aler wires from Stamford, Tex: An
along Fort Worth & Denver railway
.ound crops good, but real late. Over
Ford, Knox, Haskell and Jones coun-
les, crops good, but the entire country
has but little acreage in cotton, fully
pne-third reduction, but production from
a bale to the acre to a bale 20 five
acres.
New Orleans-Higher owing to fear
u storm and very bullish National Gin
ners report; deterioration past two
weeks 50 versus only l.3 for whole
month last year and normal for Sep
tember Of only about 3.5.
New York-would advise waiting UNI
I'll foreign situation is cleared regard
ing exchange and credits, then buy cot
ton. Don't look for any drastic decline
from this level.-Little to McFall.
New York-our private wires speak
OF damage by insects which seem to
increase with each new growth of bolls
and which are showing up more seri-
ously in Southern cotton belt. Market
keeps higherly nervous Of tropical storm
which is still conferred in gulf. Liver
pool has been selling this market
overton, of McFadden Bros.
The National Ginners' association is
nIf with N gnr,,fn,NoNhIW anwaENa.A -
port OF 56.6 per cent Of the normal
against its W figures Of 1915 on July
rs, a loss Of 50 points. Makes de-
crease in condition by states as fol-
lows: Arkansas, Z, Georgia 6, Louisiana
5, Mississippi s, North Carolina Z, Okla
homs 2. Tennessee 2, south~Carolina 6,
and Texas 4 points.
New Orleans-The foreign exchange
market Is Irregular, sterling and marks
being higher, while francs are lower.
Sterling Is nine-sixteenths up at S4.17,
and marks are ,n5 up at $500, while
francs are six centimeS lower at $3.50,
Shepard & Chuck.
New York-Some Of the local oper-
ators again selling but as long as the
tropical storm remains In the gulf, we
don't look for any pressure from out
side sources.-Jung to McFall,
Houston wires: Strong demand for
new crops that are offered.
New Orleans-Storm over North At
lantic WIN diminish the protec-
tive pressure against the gulf storm
n make IT more likely that gulf storm
Will hit TeXaS,-kofler to Clark e. Co,
The New York News Bureau says
the German credits are estimated by a
leading banker at $40, 600, 900 so far.
New Orleans-The weather bureau is.
l SnAS a storm pyarninor for tho Tn~ns
coast, from Port Arthur 10 Corpus
Christi. 1t does not say that the storm
VIII strike inland and the extending Of
the warning to Corpus Christi makes
all the more important the theory that
the storm is likely to follow the gull
coast without actually hitting the cottor
belt. Winds Of gale force are talked
Of but no actual hurricane warning fol
Texas Is yet made.-Shepard x Gluck
New orleans-Government record.
show rainfall average In Texas fol-
August S.5 or IL inches above norma
average.
New York-Market very steady OF
stronger spot advices and u%nfayorabl,
crop news.-Gwathmey g. Co. to Foster
Grain.
Chicago-Buyers Of grain are dis
o~ouraged. The odds are very nue.
against a buyer; too many restrictions
Purchases on breaks from these level
win look good before long-O'Brlen.
Chicago-Graln forecast. Illinois, Wis
consin, Missouri and Kansas: Fair to
night and Saturday. Minnesota an,
Iowa: Part cloudy tonight and Satur
DAY. North Dakota: Unsettled thi
evening and tonight and Saturday prob
ably fair. South Dakota: Part cloud
tonight and cooler; Saturday unsettled
Nebraska: Clear tonight and Saturda,
Chicago-Domestic demand for cor
and oats overnight moderate. Countr
not offering anything to speak of. F1oo
sentiment seems more friendly.--Van
Ness.
C~hicago--After the early bulge i
corn September became weak. Chicag
corn receipts of 30 cars somewhat lib
eral and there is some belief that III
receipts will continue fairly good 10
another week or 10 days. Early buyin
was mostly on the advance in hogs
Wild to Shepard & Gluck.
Stocks.
New York-More investment disposi
ton appearing in standard stocks, show
ing confidence in price levels. Stee
news make Wall street hold to its opin
ion that strike would not be extensiy
in scope nor serious in consequence
Walkout believed to be little matter
Stand taken by. miners is e%ncouragin
and statement from Mr.. Gompers tina
labor body wants to aid President WI
son In bringing about industrial peac
was likewise.
New York-The extensive rebound /
prices after the first half hour yester
day and the well maintained strengt
of the steel and equipment stock speak
volumes for the soundness of the bust
ness activity and future prospects c
these industries, a condition that ma
be retarded but not likely to alter t
airy appreciable extent. These pros
poets and oils and motors will probabl
offer the best trading possibilities fo
some time of commitment are on,
made on extremely sharp declines Il
advances,-Burger to McFall.