The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-09-02
ROUND The TICKER
Cotton.

SVVu' they uouot uleT aoANty 70 holu
consumers further TO present primary
market values,
New York-Bears prepared TO attack
regardless Of bureau. Texas prospects
much imprcved.-MeElroy TO Cotter 4
Turner.
New Orleans-Beer had these wires:
Austin, Tex: That the cost OF pro-
ducing cotton Is far in excess Of the
market prices paid for the product is
department Of agriculture in co-opera-
ton with ], II. Headrick. of Red Oak,
Ellis county, Tex, Based upon the
government estimate Of 1856 pounds OF
lint per acre the cost will be ass
cents per pound, Austin: Farmers,
bankers and officials OF Texas are
called today by the state agricultural
department TO meet in Austin Sept,
3 to decide on a fair price for the 1919
cotton crop. w. b. Weary, cotton
specialist Of the department. say that
no effort will be made to pledge far
mers 70 a minimum price. but an edu-
cational campaign will be conducted.
New O~rleans-First effect Of bureau
vas bearish by comparison with last
years condition. but believe market a
buy on the break, because comparisons
should be made with July condition Of
last year, due to the lateness Of the
crop. the condition figures today should
w RAAAR ANN a NAAu VI SNAl HNhNN
year.-Clark & Co.
New York-S. NJ. weld: We are in
clined to expect higher prices and we
think the unfavorahle news has been
discounted.
New York-Bond, McEnany: South
ern holders will have TO sell freely in
order to depress price to any great
extent.
Traders sold the market on the pub
llcation of the government report. not
because the figures were beartsh, but
because they were not bullish. Market
entitled to some reaction, but would
take advantage Of bulges to make
sales.-C. w. Shepard,
New York-Trade houses have taken
o lot of contracts out Of the ring this
morning. Fair crowd sold market on
the IA condition. Trade house are
again buying. Looks for rally,-Jung
to McFall.
New Orlesns-A Washington article
says: There has been a rapid return
10 normal conditions In the cotton in
dustry of Lancashire since the settle
ment of the strike there. 1t Is re-
ported that $1,000 operatives are work.
ing full time and smany spinners are
Advertising for weavers.
New orleans-while the market is
steadier 1t has not yet shown any re-
operative power. The average trader
does not appear to know what to ex-
peot from the weekly crop reports at
10 o'clock tomorrow and seems to be
willing to wait on them.-Shepard &
Qluck.
New York wires: Liverpool principal
buyer with bull brokers selling, senti-
ment mixed; traders waiting,
Observation-Disclosures on imports into
Britain during war were removed to-
day with exception Of 16 classes of
commodities.
New York-Liverpool good buyer
this morning. Wall street houses also
bought. New Orleans sold. Undertone
good, higher market probable. Buyers,
Brooks. RioEdan, Jay Bartlett Geas,
Guild, Sellar, jerks, Schill, Smother,
New orleans-weather outlook is
u~nfavorable. Map shows outlines OF
big disturbance in southeastern waters
being held out at present by cold wave.
Chances are for continued cool wealth
er, except cloudy, rainy in southeast
ern portions.-Ciark g. Co.
New Orleans-Indicated yield only
5000 bales larger than last year with
insects more numerous and destfuc-
tive than ever before. Tomorrow's
weekly likely to be mixed owing to
more rain and insect damage last week,
Light receipts ahead, bullfsh ginning
Sept. 8.-Beer to McFall.
Gram.
Chicago.-B. W. Snow says corn in
Iowa and Minnesota shows material i'm
: provement, No particular change In
= Ohio, Indiana and Illinois. In points
! Kansas declines rs, Nebraska ~, Mis-
souri, IL, Oklahoma Is and Kentucky
! failure. In Nebraska south of the
Platte crop range from a complete
failure to a very poor return. North
Of the Platte the crop Is very good.
: Very little chance Of the corn crop as
a whole being caught by frost. Spring
! wheat condition 1873, indicating a crop
) Of 201 600, 600, winter wheat Is running
! 1916 per acre. Indicated crop ia, 000. 600,
Oats yield per acre 2S,8 indicating total
crop of 1,245, 900, 900 bushels,
Chicago.-Deliveries on September
contracts: Oats, 1,l90,00 bushels; lard,
: 900, 600 pounds; ribs, 400, 600 pounds
/ Thompson & McKinnon.
, Chicago.-John lngliss in his report to
/, Logan e. Bryan says: Conditions have
been favorable the past month over
most of the corn belt. Central and
Northern states are exceptionally good.
: Condition has been lowered in some
important sections, Eastern Oklahoma,
! Eastern Kansas, Southern Missouri and
! Southern Illinois have lacked moisture
4 l III "ANS 90 INV IN iAihh NADp 10 EDOHtf1s
. Nowhere has loss been so severe as last
/ year. Crop Ia maturing rapidly, cutting
. will be general by Sept. 10. Quality
: promises to BIO the best we have had
! ! for some years, win be ready to move
In November,
i Chicago.--Liquidation In grain the
past week was the main cause OF lower
markets. Agitation for lower prices
: added some very large lines of shorts,
Receipts are very small, stocks Of both
corn and oats. Grain prices are off
more than any other commodity
OBrien.
Chicago.--Goodman crop report says
= Condition Of spring wheat at harvest
3 time was 49, against SO In our report
The indicated yield Is 1876, 900. 900. The
Z total wheat crop $40, 00V, 900 against 917,
900, 900 last year. Oats condition al
y harvest time 7l.6, indicating crop OIL
l zoo, 900, 900. The light weight OF the
= crop makes the measured bushels equa
proved in the northern third OF thu
: belt, lost heavily in the west centra
and cotton states. The average con
10 dition IT. An advance Of 1.5 suggest:
crop of 2,797, 900, 900 bushels comparing
> with government 2,1SS, 900. 900 last
, month. Total coarse grain crops five
per CEN less than last year. Number
OF hogs on the farm as reported t
United States SO, $1,000, which Is g.
j 900, 900 or 3 per cent less than last year
element, Curtis & Co. TO McFalI.
:. Chicago-A statement credited tc
Hoover carries two highly important
points: One Of them being the accumu,
lations of foodstuffs In neutral coun
" tries, the other being the inability o
the people TO buy except on credit. TIL,
foreign lack Of buying power will in.
evitably determine future value o.
grains and hog products.-Babcock t
Clark e. Co.
Visible changes: Wheat, increase T..
90S, 600; corn, decrease los, 900; oats, In,
crease 47s,000.
Z. Stocks.
New York-Iudications of valuable