The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-09-05
ROUND The TICKER
Cotton.

Cotton.
New Orleans-A bearish feeling seems
10 perNa0e futures and spots, the form
er owing to better weather, the latter
for want Of an urgent demand, Prices
now, however, are down to about the
cost OF production, which may induce
more buying on part OF the trade II
the speculative publc.-Beer TO McFalC
New York-The Journal Of Commerce
says cotton moving throughout the gulf
ports still consists largely Of the Old
crop, but mail quantities OF the new
growth are commencing to show them
selves and before the lapse Of another
week II is expected that ships will be
loading the new staple.
New Orleans-No special storm in
dications by the map, but the outlook
is for a change to n bad spell OF
weather coming on belt over Sunday, |
Clark & Co.
New York-Traders bearish on grow
ing outside belief that prices on COM |
modities are to be lower. Until this
idea is changed by some bad weather
speculation will not buy for advance,
Hubbard to Reese.
New Orleans-Trade against market,
Without substantial spot inquiry mar
ket does not look higher, except for
scalp,-Fenner to Gustafson.
New Orleans-Harris county, Texas,
received first bale on Sept, 3, against
July 70 last year, and says condition
of crop Is about 20 per cent. Temple
Texas wires; Crop improved wonder
July in this vicinity this month, While
some shedding, there Is enough to in
sure a good crop. This condition eX-
tends as far south as Cameron. hut
from there southwark crop is In bad
shape from worm damage. In the vi
entity of Caldwell, Sommerville, Bren-
ham, plants are dying and have stopped
blooming, Around Temple condition Is
nearly. 20 per cent with good indica-
tons for further Improvement, but fur
Their south condition is only about IS
per cent, Early pickings of low grade
On account Of recent rains.-Clark 4
Co.
New York-Good deal of liquidation
through commission house, some
Southern selling. Fair amount Of trade
buying, but don't think Il sufficient to
hold the market in the face OF the de-
morallzed foreign exchange situation.
Professional crowd inclined 10 play for
an upward MISUNDERSTANDING,
New York-Better ton; traders en-
pecting rally before Weekend: senti
mont still very bearish.-Hubbard to
Reese.
Longview, East Texas, wires: Found
Navarro and Henderson counties have
moderately fair crops, Boil worms have
hurt badly, Smith county also poor,
Boil weevil preventing any new fruit
ing"
New York-Papers say bankers much
concerned over renewed weakness for
elgR exchange; export business preca-
rious, apparently nothing being DONE
~Clevenburg to Cote q Turner.
New York wires, Everybody Is short
and talking lower prices, The market is
ripe for a good adva ace
New York-Cance Eation Of export or
ders is going on In a large way as the
result of the decline in foreign exchange
market, The Journhl Of Commerce SAYS
the resultant situation Is admittedly
serious and is regarded as one Of the
most disturbing elements in the cur
rent domestic position,
New Orleans-Ring traders are in
clined to buy cotton IN the theory that
the market is over-sold. Shepard 4
Gluck.
New Orleans-There will be further
expressions of bear sentiment today,
but believe the bottom will be struck to-
day and that covering spells will follow
the bullish g%inners' report Monday, and
also the effect from the cotton con-
vention here Monday at which the
bullish rights of cotton will be strongly
brought out by Southern cotton lead
ers; also the actual fact of a small
crop and way and means to offer op-
| position to bearish control in foreign
n northern quarters.-Clark & Co.
New York says that foreign exchange
again is demoralized.
New York-Overton says: Core
| spondent at Waco. Tex. says. Re-
| ceipts in cotton not large enough to
have effect on basis. Picking will be
general next week. Movement North
Texas now fairly free. As expected re-
ceipts in Northwest Texas and will be
free In week or ten days in advance OF
Central Texas, Beer to McFall.
New York-Greenwood, S, c., wires
Hutton a Co: New cotton any grade
Is offered here at 26 cents.
Greenwood-The report from here
that new cotton is offered at rs cents
Is entirely erroneous. White grades
carrying Is pounds estimated loss In
weight loss in weight bringing 81 to
q cents on streets,-M, s, Chipley to
Clark & Co.
New York-Gompers wires Wilson la
| Dor situation in steel industry very
threatening. This led to new bear at
lacks.
New Orleans-This decline should
have cleaned New York out of many a
I icfAS iAAAS NhiA1 NV AoNN pNNAA III
for,-Clark & Co.
New York-Market broke on the
Greenwood message, also on telegram
Gompers to Wilson asking immediate
intervention to prevent strike Of steel
| workers.-CleVe.
New Orleans-Stearier but under
tone not good yet owing weakness for
eign exchange. Map shops no indica-
ton of storm, may have diminished
| perhaps disappeared, IL SO short may
make another drive at market, Fur
Their buying On depressions OF import
ance,-Beer.
New Observation-Disclosures reports
| storm disappearing says the tropical
disturbance is apparently disappearing
north of Snnto Domingo, according to
weather bureau announcement this
morning Beer.
Gram.
Memphis receipts: Corn ~, oats 10 and
hay 8 cars.
Chicago-Receipts: Wheat sol, 600,
corn 240, 900, oats 1875, 900. Shipments
Wheat 1856, 900; corn $4,000; oats 1885,
| 900.
st. Louis-Receipts: WHEAT 2i6. 900,
corn 5000. oats la. 900. Shipments
Wheat lac, 900, corn $4,000, oats 1900.
Clicago-Sentiment generally favors a
reaction, of greater or lesser degree,
in corn prices. There is also an i'm
pi ovement in domestic shipping demand,
but beyond this conditions are un.
changed Thomson & McKinnon 10
Clark & Co
Chica go,-There is better commission
demand now. Omaha houses bought
corn. Eastern houses took oats.-Bab-
cock to Clark g. Co.
T.LI.aa, u,Io.n bn. lan, rxrn
change In sentiment. The belief among
street traders is that liquidation has
run its course and that break has fully
discounted bearish condition fer the
time being.-Wagner & Co.
Chicago.--Corn lower on weak cx-
change and the news that food price ad
illustrators will be appointed. Locals
L i-..-l - IDlInE H. nnnNEnA q lnL