The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-02-28
ROUND THE TICKER
COTTON.

GObbOQ.
New York-Loeais all selling: no one
che. except Liverpool: do not believe
decline will be Observation-Disclosures
Hubbard 10 Reese,
New Orleans-Sew York says that
cotton taken up on March tenders in
that market viii. to a large extent. be
shipped 10 foreign and domestic mills.
One message says that no more March
tenders are likeiy-Shepard 4 Gluck.
New York-Some large Wall street
selling orders in small market.-Gwath-
mey to Foster.
New York-Carpenter & Co: There
seems to be a marked change in senti-
ment within the last few days, people
who heretofore have looked only on
the dark side Of things, begin to realize
that the whole word Is looking up."
Hutton a. Co: Until a better trade de-
mand appears, we still feel that prices
VIII not show much improvement"
WillistOn. The market seems TO be
waiting for some fresh development; in
the meantime, on any soft spot, we sug-
gest conservative purchases"
New York-Lloyd George and VIII
sons statement yesterday, latter to
southern congressman that no hope
blockade being raised before peace
signed, disappointing TO bulls.-Cleve TO
COtter & Turner.
4NCN OllGdIAa-AS u lUt lhNuIG VI INC
market the following extract from the
last issue of the American Wool and
Cotton Reporter is interesting: HAS
cotton reached the low point? This is
d question being asked on both sides Of
the Atlantic at the present time. The
opinion is fairly general that although
there may be temporary declines from
the. present basis over a period of sew
eral months, higher quotations are
almost a certainly. We have main
tanned this position for some time, We
were interested TO hear the other day
Of a prominent manufacturer in Rhode
Island who believes that now Is the
time to buy because he expects that by
the first of July cotton will have
climbed to IS cents a pound. Times
Picayune.
New York.-Cotton remains a trading
affair, and we do not favor the short
side, but advise purchases on any de-
cided ecline.-Josephthal.
New York.-The president
his belief that peace will be signed at
an early date, an item certainly favor
able to the constructive side. Weather
conditions over the belt cannot be con-
strued as favorable. This found re-
Election in greater strength in the new
crop months. Improvement in the mill
situation is much to be desired, as also
increasing exports.-Fallon to Shepard
g. Chuck.
New Orleans.-Liverpool better than
due, we should open higher. Looks like
more bad weather likely. However,
market needs some new stimulus to
more than temporary upturns.-
New York.-Mitchell and Orleans
bought after the call; seems good de-
mand. Hubbard to Reese,
New York.-Japs sold March; Mitchell
hnaHUht than trarVNnnl anlH lnfnr n
sitions.-Hubbard to Reese.
New Orleans.-Severe weather; two
and three-quarter billion dollars val
OF wal contracts and ~billion-doI-
lar wheat bill bullish influence.-Clark
to Cotter & Turner.
New York.-Some think selling influ-
enced by dispatch in Tribune saying
president told Southern senators en-
barge against Germany could not be re-
until peace treaty signed.-Hub-
to Reese.
New Orleans.-The congressional
measure validating 81, $50, 600, 900 OF war
This should stop complaints OF
spinners over war contracts n the
of losses in this direction. Liv-
erpool cables, Market quiet, consider
able large transferring, IS chiefly from
March to May" our Mr.. Shepard
wires from GfeenNlll6, IG&.s CONSIDER
able cotton selling here past two days
at very full basis 800 to $50 on Marcn
New York: weather improved, and plow-
ing on high and light lands. Acreage
will be reduced but further rains Will
have effect OF cutting grain acreage"
The presidents refusal to remove cot
ton embargoes is the main reason for
the selling that has appeared thus far.
& Gluck.
New York.-The market lacks support
of any kind and looks like heading
downward. Liverpool, Wall Street and
the South are selling. There is no I'M
provement reported from mill centers.
Shorter working hours are in vogue
and exports do not increase. Under such
conditions 1t will be difficult to hold
prices up.-Fallon to S. d. G,
New York.-Weld says is bullish and
thinks market too low, but don't know
II it's purchase now or not; says 1t
don't act well at moment.-Cleve to
Cotter & Turner.
. New York.-Local selling on state
ment embargo a not be removed to
central powers until peace signed. Little
outside business. Do not expect de-
cline prove lasting .-Hubbard to Reese.
New Orleans.-Little sore over en-
barge news, but no great p%ressure: New
York news suggests covering movement
quietly proceeding; better foreign de-
mand.-Clark to c. x T.