The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-10-07
ROUND THE TICKER
Cotton.

SuktUus
New Orleans Liverpool spots futures I
indicate increasing strength abroad, !
crop news and weather not good; We
expect higher market and favor pur-
chases on easy spOts.-White 10 Cotter
& Turner.
New York.-Geman marks check
Berlin 4s5d4i0; sterling, 42l& a i23l2
francs. $3.50 S3S; months calls, 100000
German marks y for S3oO-Hanson
New orleans Very reliable firm
Terrell. Tex, wires looks like repetition
1918 when il rained all fan and cotton
Sprouted in bolls and only small per
Centage of crop was good grade-Feuner
& Beane to Gusta1sen.
New York-Marlet very bullish on
bad crop reports Georgia and Texas and
higher basis reports also October ship
pers large huyers.-Hubbard to Reese
New York.-The market was certain
~ ia a bulish mood yesterday princi-
pally on the settlement OF the rail
strike in England and led by Liver
pool Crop advices received are of
nature to confirm belief in very small
Yield, but such reports in the past have
shown an unconscious eNaggeratlon.
The bulls are in again and prices may
be on the upturn again, Under such
conditions would not be short,-Fatlon.
New Orleans Government detailed
records show many heavy rains IN Tex
as yesterday and gives % extra re
ports of rains in Texas on sunday
Kofler.
New York wires Market shaping up
in very bulish way. 1t Is reported that
Italy, Spain and Germany are buying
spots and we expect higher basis as
we do not believe that enough OF the
better grades will be obtainable around
present prices to fill the demand. Octo-
Der spot shorts already have started 10
cover Dry goods market very strong
and higher prices are predicted
New Orleans. Augusta, Ga, reports
sale there last night 1900 bales of good
grades at Is points better basis than
was obtainable at any time during
observation-disclosures & Gluck
Savannah clears 1883 bales of cot
| ton for France.
New York wires. "Spinners now re-
| alize crop disaster and are eager buy
ers on breaks, Spot houses are very
bullish and 1t looks like 40 cents by
! Christmas. $. G. G.
delay harvesting and cause further loss
| crop,--Kofler,
New York.--Watch spots; futures will
follow them; expect good scalping mar
| kets-McElroy to Cotter & Turner
New York. No change local senti-
ment, which is untedly bullish based on
very strong belief that present estimate
crop will lead to extensive holding
ovement-Hubbard to Reese.
New York. Market will be sharply
higher, good demand from trade sources
and West likely cover shorts on ad-
vance,. S. Bache Co.
New Orleans.-Spots reported firm,
about 25 to so higher to buy, Augusta
morning at Is points higher basis than
in September. Looks like very large
short interest in October Beer to Nc
| Fall
Dallas wires: Still raining here; good
spot demand.
New DEMONSTRATION moderately
bullish, owing better spot demand South
as result Of ending British railroad
strike. However, favor buying on i'm
portant depressions only for present.
Beer TO McFall.
New York.-Weld & Co.: We expect
higher prices, but think the South viii
sell freely on advances
gton-Arrangements have beer
made for the financing of British ship
ments to Germany whereby the ship
ment is made against commercial de-
posits in German banks at the present
rate of exchange with a safe margin
to carry deposits in the exchange, The
department Of commerce has been ad'
Vised.
New Orleans--Liverpool cables: Mar
ket firm on continuous trade calling
Manchester buying was sufficient to alb
sorb scattered hedge selling, There Is al
increasing scarcity of contracts" Dial
las, Tex, wires: "Slow, drizzling rail-
all night: think damage considerable
still raining, making more low-grad
cotton. shepard. & Gluck.
New OPleans.-Heavy rains reported
west river this morning, but we advis'
caution in following recent rapid ad
vance.-Fenner to GuItafson
New Orleans--rhe tug boat strike /
on from Maine to the Rio Grande. Ef
feet on shipping remains to be seem
Kofler to Clark & Co.
New York and New Orle3ns cottol
exchanges close Oct. 10 for Columbus
day.
New Orleans-Spot people say goo,
spot demand here; high basis; spot
likely be raised % points.--kofler
New York-Think we may expect al
advancing cotton market up until peace
treaty ratified which seems now as