The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-06-10
ROUND THE TICKER
Cotton.

New York.-Receipts for April and
May for five important New England
points, just published. are less than
last year. and the consumption figures
for May, to be given out on Saturday,
may hold surprises for the trade, Yet
the all-important factor now is the
crop situation ,-Fallon to Shepard Il
Gluck.
New York cotton opinions: Ray h Co,
would advise conservative deal
ings and accept moderate profits for
the present, Bond, McEnany 4 Co.
The trade realizes the crop must show
an Improvement in condition this
month and therefore is apprehensive
lest wet weather retard II. Hutton &
Co.-Weather conditions are stil the
dominating factor.
Bryan, Tex, wires: 1t is raining hard
this morning. Crop conditions are be-
coming critical.
Liverpool cables: Steady market, with
a considerable accumulation OF buying
orders, chiefly from the continent, due
to American advance,
New Orleans.-Outsider are heavy
buyers this morning Shepard a.
Gluck.
Weather map is unfavorable because
OF the very heavy rains In Texas.
Lighter rainfall IL noted In Arkansas,
Tennessee, Alabama and Mississippi,
and the chances seem to be that the
storm now over Texas will move east
ward across the belt, These are very
unfavorable conditions because OF the
foulness of the crop.--Shepard g. Gluck.
New York.--New bull market under
way subject occasionai profit taking re-
action.-McElroy to Cotter & Turner,
New ork.-Liverpool bought on ar
bitrage causing advance; Western real
izing heavy; market long again.-Hub-
bard to Reese.
New York-As call progressed French
commission brokers heavy sellers, Wall
street heavy sellers.-Hubbard to
Reese.
New Orleans. Map looks like con-
tinued unsettled, rainy weather over
belt, except fair in Carolinas where
rains will not reach before Thursday.
Market made jumps on rainy weather.
Clark & Co.
New Orleans. $780, Return showery
weather caused stampede recent sell
ers. which found supply contracts ex-
tremely limited. Whereas some reac-
ton likely after such rapid recovery,
market would probably quickly respond
to further unfavorable weather, and In
event do not look for permanently lower
prices until present demand cotton and
cotton goods satisfied ELLIS g. Co,
Night Letter.
New York.-Continue to think pur-
chase on recessions .-Gwathmey to
Foster.
New Orleans.-Our Mr.. Wilkins, who
Is travelling in Georgia, wires that the
crop In that state about two weeks
late. very grassy and boil weevil danger
is greatest ever known. Houston wires
regular liners booking EACH day at
$3.50 for Liverpool, and that exports
are going to prove OBSERVATION-DISCLOSURES
Calling & Beane to Wells g. Gustafsou.
New York-Selling by some locals
who caused last decline In expectation
favorable weekly tomorrow McElroy
TO Cotter & Turner.
New York-Buying quite general
early, Mitchell leading, not much for
sale. Continued bad weather will send
1t quickly into new high.-Clevenburg
to Cotter & Turner.
New York-Wall street and outside
realizing coming in; stop loss orders un-
oovered.--Hubbard to Reese,
New Orleans-Bears are taking heart
again, figuring that the advance has
spent its affect, and bulls are some
what worried over the possibility OF
q country wide wire strike and are let
ting go rather freely. market is slump
Ing In consequence.
new OrleanS-Tne market Is Quiet
with realizing by recent buyers, tend
ing to cause a moderate reaction from
the advance.
j. s, Wannamaker wires from st.
Matthes, 8. c.: Cotton, owing to cur
rency Initiation, will sell at the highest
price It has ever brought since 1t was
first planted in America. There Is less
~spinnable cotton In the world, today,
compared with population and demand,
than for so years"
Waco, Tex, wires: More business
In spots here"
New Orleans-The weather map
SHOWS low barometer pressure to the
west OF the belt, which probably means
more rain, Shorts continue to cover
and there Is a big demand for long ac-
count. The market opened srong.
Winder, Ca, wires: Heavy rain in this
section.-Shepard G. Gluck.