The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-10-23
ROUND THE TICKER
Cotton.

official figures Of the National Gin
ners shows ginning 10 Sept. is as
e,p2A.o00 bales, distributed by states as
2S2, 600. Georgia l.is7.666. Louisiana
III 1000, Mississippi as, 600, North Caro-
lima $50, 900, oklahoma eil.00O, South
Carolina $40, 600, Tennessee 6 5000.
Texas l,l0S, 900, rest $4,000. The same
report makes condition 61.9, a loss OF
20 for the month.
New York-S. NJ. Yields Texas tav-
eler wires from Austin; Owing to con-
tnued wet and unfavorahle weather
n delay in picking, | wish to reduce
my estimate Of Texas cotton crop TO
$500, 600, exclusive Of linters, and Okla
homa 100000 bales, Can not estimate
inter crop as seed may all sprout In
the fields.
Part Of compress containing 5000
bales collapsed here this morning. rain
Ing hard, damage heavy.-Iackson,
Miss, to McFall.
New Orleans-Exchange has asked
Washington whether the bureau report
on Oct. 81 gill give a forecast or not.
owing to a rumor current that no crop
estimate will be given, Spot news CON
tlnue strong, spot people say good sales
yesterday after hours, prices firm, II
anything quotations should be raised
rms firmness may stop reaction in flu
tures.-kofler,
New York-At a meeting Of the board
OF managers held today Il was resolved
that trading In October cottonseed oil
be resumed Immediately upon the con
dttions and subject to the provision
that at no time shall the quotation for
prime summer yellow for October delV-
cry exceed $50 points per 100 pounds
over the prevailing price at the time
for November delivery.
New Orleans-Liverpool spots in
creased to {, 1000 bales. Market react
ed ON selling on National Ginners' con
ditton, crop and ginning forecast, but
futures under spot prices, which are
firm. While further reaction Is likely
think 1t a purchase on breaks on
weather outlook and spot situation
Kofler.
New York-Easy on general selling,
liquidation and professional on Taylor !
report, unfavorahle Industrial situation
due Gompers' withdrawal and easier
stock market; think reaction only tenn
porary.-Clevenburg TO Cotter & Turner,
New Orleans-The market liz irving
hard to react, the poor Liverpool hay.
ing caused some. While short selling
followed the rumor that the National
Ginners' figures were 81, 1t Is plain that
n good character of buying stu In com
II - Aff hAh'AA NiONu AiNAhAAtAAk
long staple cotton sold here at SIS cents
a pound, the highest prices since the
Civil war."-Shepard & Gluck.
New Orleans-With constantly ad-
VanCing spot markets, higher basis for
white cotton, decline can be only tenn =
porary; spot holders In position to re-
sist declinesi october commitments not
all filled. Setbaeks likely on profit
taking, but we expect higher prices
Weld e. White.
New orleans--Iarger spot sales. Liv-
erpool and prospects of more rain and
colder in nearly all the belt sustaining
feature Of the market. Good opportunity
to liquidate long contracts M take
profits, realizing TO advantage would
be difficult In declining market.-Beer
to McFall.
New York-Ldvermore good buyer Of
cotton. Market looks higher,-Chapin
to McFall.
New York-Whether yield is 10, 400, 900
or 10. SOC, 900 don't make much differ
ence; tenderable grades win be practic-
ally unobtainable.-Cleve to Cotter 4
Turner,
New orleans-sening, on rumors Ma
| tional Ginners, So indicated crop TO-,
600. 900; wire houses advising profit
taking, may have some reaction ad
wise purchase should 1t occur,-Weld &
White,
New York-Eurupe construed ginners'
report as bearish; outside selling; trad
ers buying on threatened cold wave,
which may go south.-Hubbard to
Reese.
New Orleans-Looks like continued
unsettled weather in belt. cold wave
formation increasing and liable to COM
on western belt In a few days,-Kofler
so to l12 up; in Texas Go to 100 up, al
Dallas 65 up; middling 81. 1885, at Calves
ton, SOC highest on board. Sales con.
tinue rather large everywhere, larger a
some points; at Dallas 16, 476. Augustf
firm, 112 up, middling 1926. Little
Rock, so up, $3.50. Since middle q
September, spots and futures have ad'
vanced 800 ~puoints--S cents-or $40 pei
bale.-Beer to McFall.