The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-02-10
round THE TlCKER
Cotton.

VOGtOn,
New York-There is sim a general
idea that commodity prices of an sorts
must decline; disappointing exports
causing a good deal OF comment, but
on the other hand there is a big short
interest with prices is cents under the
highest Of the season.
New York.-In spite Of the reports
from Lancashire hat the trade in yarns
and cloths is d%isloCated by the con-
tinued decline in the raw material and
belief that the low has not been reached
the cables are better than due this
morning. On this side of the water
some amelioration in the general labor
situation is in evidence, but in no way
helps our mill situation, for in spite
Of a fOur-day working, stocks are piling
up with inability TO find a market
Fallon to S. & @.
New Orleans,-Bearish traders say
that they are selling the market on
the lack OF spot demand.
New Orleans.-Fair and warmer is
the general forecast for the cotton belt.
Wednesday will be a holiday in both
American markets.
New York-Liverpool has been a
moderate buyer, but more than salts
fled by Southern and Wall Street SELL
ing, With conditions existing at mills
and the uncertainties Of labor. II looks
as II the downward trend would con-
tinue.-Wagner & Co.
New Orleans.-Liverpool better than
due should have better opening. Strike
news somewhat better, but general
news still pessimistic. Think sales on
bulges pending developments.-Schnei
der to S. & G.
New York.-Hutton e. Co: We still
feel that with unfavorable conditions
outside of the cotton trade still exist
ing, 1t Is not advisable to take bull
side yet.
New York.-Local crowd very bear
ish; meanwhile exports Of goods and
yarns show increase over last month.
Liverpool writes there Is large bust
ness waiting steadier cotton markets.
Hubbard to Reese.
New York.-Locai sellers: traders
bearish. but think they are wrong, as
expect gradual improvement business.
Hubbard TO Reese.
New YOrk.-DriVe over; think shorts
covering on IL; expect sharp rally
McElrOy to CotteF q Turner.
New Orleans.-Still unsettled, with
poor beaFish effect spot adjustment, buS
more disposition toward using further
decline for covering and turning pur-
pcses,-Ciark to c. & T.
New York.-Liverpool sold, Wall
street heavy seller, Gwathmey brokers
sold; buying sCattered.-Cleve.
New Orieans.-MontgomePy has re-
Vised spot quotations so that good oPdi-
nary In that market now stands 1900
points off middling, the widest discount
ever posted, The average discount on
good ordinary OF the ten designated
spot market is $40 points, which should
have a favorable effect on New York
contracts which are settled on the basis
GluCk,
New York,-The National Ginners' re-
places the total for January at 522, OOC
Vs. F72,S4l for December and 52A,Os3 last
ysar.-PeaTsall to Shepard e. Gluck.
New Observation-Disclosures the ex-
tent Of the decline from the high levels
season there still seemed to be a lack OF
confidence, and buyers showed 4 tend
ency 70 withdraw whenever offerings
increased. Some Of the local spot PEG
pie are very insistent in their opinion
that present prices represent bargains
IN low grade cotton. Castles Is buying
and talking bullish. Lesser Goldman
who have been against the market, nov
favor the long side.
New Orleang.-MaPlOw, Okla, wires,
Il think that the farmers are going &c
reduce the acreage, judging from what
they are doing here. None OF them are
figuring on the other fellow cuttine
acreage and themselves planting a BIZ
crop. They are mad as well az pa.
triotic and can make q living Paisina
other crops than cotton, and though
cotton advances between now and
planting time the farmer will stick t.
his resolution. The farmer knows there
Is no profit In raising cotton at 80 cents
per pound and hire elp.'-Shepard &
Gluck.
New York wires; Short side not at.
tracttiVe now, too many short lines AM
there is a trade demand in evidence, de
cidedly healthier.
New York.-One reason given TO
the failure OF the market to respond t
bull operations is the absence OF de
mand for cotton. According to a loca
spot man mills are unable to buy in thu
South, except at the high limits set b,
holders and these they refuse to pay Of
the ground that business does not justi
fly It. They say they will close dowi
first. This cuts the demand for spo
cotton, and is being reflected in fu
tures.-Wagner e. Co.
New Nork.-Talk Of further increas,
in allowances lower grades woull
strengthen contracts and cause increas
premium near positions,-Clark to Cot
ter & Turner,
New Orleans.-Bay City, Tex, wires
I'VE have had three days sunshine now
but it will have to continue severe
more without rain before blowing ca
be started, as this district is not yer
well drained and the ground is thor
oughly wet. The holding and decreas
in acreage campaign is having its effec
In this district, and we look for quit
a reduction in acreage this year.
Shepard & Gluck.