The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-02-07
ROUND TIE ticker
Cotton.

1NNNNA anu ANghs
lower ul some spot demand appears.
we'd n White to G. & T.
New fork-LverpOol sold all months;
4uylhs scattered; market rather small;
pulis becoming discouraged and more
nLSilhea 70 concede cotton work lower
WIN copper, corn and other commodi-
ues.-Cleve to Cotter & Turner.
New Orleans.-The cotton market
yesterday reflected weakness. So long
as such bearish sentiment prevails,
doht think can have any but temporary
ralles, awaiting development Of some
favorable condition regarding decreased
acreage or general Improvement in the
spot situatiOn.-Gluck.
New fork,-Mareh longs liquidated
earring weakening holders; market
heavily oversold, but shorts. still ag-
sfesslVe'-McElroy TO c.. & r.
New Orleans.-It is said that spot
sales today will include 215 bales Of
DoIles, sold this morning and 100 bales
OF low grades sold after hours yester-
day.-Shepard & Gluck.
Liverpool cables. "Quiet market. A
Ittle hedEe n straddle selling was
absorbed by a good class Of local buy
New York.-Bache large seller March,
otherwise market small; sentiment
bearish, but market looks different and
Reese.
New Orleans.-Bearish sentiment is
putting the cotton market down again
this morning, The Pacific coast ex-
ports 22,b6S bales q cotton today. Fair
ana colder is predicted for the entire
western cotton belt.-Shepard & Gluck.
New York.-Tone poor under further
belated long liquidation; also short and
southern selling very small demand
az moment-Gwathmey to Foster at
l0;l7 a. IN.
New orleans.-The weather map is
generally clear and dry. Better condi-
IONS rule over the cotton region. There
appears to be no change in labor con-
ditions among domestic cotton Mills
Shepard & Gluck.
New Orleans.-Bearish sentiment
North controlling factor; eechnlcal con-
dition bullishi any attempt cover would
cause smart rallies.-Clark to Cotter
d Turner.
New York.-Our mills are facing labor
troubles and the action of Fall River
serves as an iadex OF general condi-
tons. Cities IN the Pacific coast are
racing mob situations, needing federal
troops to preserve the peace, certainly
not. helpful to business. Everybody
seemed selling yesterday, the South in
cluaed.. Exports are small and mill
demand at low e~bb.-Fallon to S. G. G.
New orleans,-some New York firms
are beginning to talk reaction. Local
factors say that they have next to moth
ing for sale. The only orders they. have
from the country are to stop selling. 1t
Is thougkt, however, that the market
may be quoted somewhat lower today,
Shepard & Gluck,
New Orleans.-Exports of cotton this
week are twice rs large as this week
last year, the figures being l04 500 bales
against SO, 765.
New Orleans.--Late exports; market
held down by constant pressure north;
think decline approaching last stage;
covering attempt would cause quick
rise; more trade buying new crops
Clark to Cotter g. Turner.
Grain.
Memphis receipts: Corn 3, oats 5,
n hay IL cars.
IL, 300; Kansas City, $500; st, Joseph, g.
500; Sioux City, $500; st, Louis, II, 500,
Chicago-Receipts: Wheat, $4,000;
corn, az, 000i oats, 1877, 900. Shipments:
Wheat, $4,000; corn, IL, 900; oats, Gill;
600.
st. Louis.-Receipts: Wheat, $4,000;
corn, 1873, 900; oats, 10000. Shipments:
Wheat, $1,000; corn, $4,000; oats, 5000.
New York.-Another reduction Of a
dollar per ton has taken place in the
market for scrap iron and steel.-Wag-
ner & Co.
.Chicago.-February corn went to
about IL cents over May, The widest
spread 80 far. This increasing prem
ium in Wow OF the reports OF Increased
country offerings, causing some uneasi-
ness among shorts,-Wagner & Co.
San Francisco.-After March / there
viii be a drastic cut in trans-Pacific
rates between Pacific coast ports and
the Orient.
Chicago. j. Stream says: Farm
ers should pay more attention to rails
Ing foodstuffs and meats, They should
raise good crops OF feed so that there
will be plenty for this country and Eu-
rope. '-Wa&ner g. Co.
New York.-Rroomhall cables: Labor
conditions are again very serious and
strikes are becoming prevalent, ship
ping conditions remain unfavorable
with troubles at the ports restricting
cl%earances. Argentina new corn crop
Is progressing very favorably and an
excellent yield Is anticipated.
New York.-Moyse & Holmes: 1t
only remains for the so-called investor
to realize that business conditions are
becoming good, we advise action In the
purchase OF o w-price, nondtvidend-
paying railroad stock. We believe that
the metal stocks have discounted the
dividend cuts and unfavorable condi-
lions and are ready for rise.
C~hicago.-F1our men at Chicago are
sending out a warning that flour prices
may be lower, This message illustrates
how close UP the final action on the
1919 wheat crop has become, While
congress favors handling of the new
drop on same lines as the old crop, the
necessity of scent bread Is apparent;
The new crop finally will have to sell
81, II large, The main bullish items
this morning are presence Of corn near
$l.10; signs that $2.26 wheat Ii desired
by congress, a big campaign to refuse
the spring wheat farmer the benefit OF
$2.26 wheat, and end Of the English
labor troubles, II the winter wheat
belt receives $2.26 the Northwest must
have 81. 26.-Wagner 4 Co.
NEUTRALITY-SUSPICIOUS. took a step
today to bring down prices OF all COM
modities. Officials representing all de-
partments headed by Secretary OF Com
merce Redfield. cahled President Will
son asking appointment Of a committee
to act as u government industries board
in peace time. (Note-The above mes
sage refers to commodities, whereas
grain Is generally accepted as a necessi-
ty,)-Wagner & Co,
Chicago.-Modern Miller report looks
bearish, as It indicates the winter wheat
crop Is doing we'll despite drought in
sections, Plant Is strong and able to
withstand low temperatures, Claims
corn is being held firmly by the farmer,
C~hicago,-Corn news is coming more
bulllsh. New York information indi-
Gates that Argentine corn is $l,40 New
York basis, which Is practically is to II
cents above Chicago May prices.-Wag-
ner & Co,
Chicapo- Rrainard NJ New York
wires; by a second decree the Argen-
tine government prohibits exports Of
corn unless II is bought at SO per cent
above normal pricea.N Bralnard con.