The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-01-23
ROUND TIE TICKER
Cotton.

buy both yesterday and today, but not
getting much cotton.
New York-The cotton market seems
helpless. Everyone wondering what the
south will do on its spot holdings, MI
merOus inquiries going to Southern COR
respondents asking II there is any evil
dence OF yielding and replies coming
back no, + allon to Shepard g. GluCk.
New Orleans-Galveston clears for eX-
port today 22,545 bales and New York
clears 4,97l. a total Of 27,5l6, bringing
the total thus far this week up TO
exports amounted 10 1861 bales; the
total for the week up to about $4,000.
New Orleans-New York claims that
Southern selling broke the market, but
the fact that January In New York
stood at 22.67 at its lowest against the
low here on January of 1921 shows
where the real selling center is-Shep-
ard 4 Gluck.
New Orleans-We think cotton too
low. New York wires: Southern SELL
ing broke market. Think October be-
low cost production.-Fenner to Gus
tafson.
New York-One Boston wire buying
cotton-Hubbard to Reese.
New Y~ork-South selling steadily;
also New Orleans Hubbard.
New York-Market acts demoralized,
with heavy Southern and general sell
ing, demand small and further unset
tlement probable II South weakens, but
we don't favor short sales after this
severe break.-Gwathmey to Foster.
New York-Japs pretty large sellers,
but offerings been general all around
ring. Everybody seems to be getting
away from cotton because poor do
mestic outlook and apparent inditfer-
cnce foreigners. Best support is from
shorts.-Cleve TO Cotter & Turner.
New Orleans-Oldest long interest is
liuuidating; think decline oVerdone.
Prefer buying this break for near turn
In market on bad weather and bulltsh
statistics tOmorrow.-Clarke to Cotter
& Turner.
New O~rleans-It is rumored on the
floor that a big Memphis short covered
in the last few minutes Of yesterdays
| trading, causing the comparatively
steady ose-Shepard & GluCk. Cine
said to have been about 5000 bales
Ed
New Orleans-HoustQn wires: There
is no change among spot holders. Liv-
erpool cables very parrow market, but
rather better tone, although easily al
feCted by orders either way. Increases
calling by the trade.-Shepard & Chuck.
New York-S. NJ Weld & Co: We
are inclined to believe that the worst
has been seen, and although an imme-
date eCovery is hardly to be expected,
the tone of the market is more reas-
surfing, Carpenter & Co: Bearish prop
aganda continues and there Is no doubt
of a sincere belief in much lower
prices.
New Orleans-Liverpool about meets
the decline of Yesterday; market get
ting to be very nervous and long in
terest reduced, but there seems to be
a deep-rooted bearish sentiment pre-
yailing, hence some very bullish con-
ditiOn necessary to be developed to
start any advance.-Gluck.
New Worthwhile there was no
change in the general sentiment which
| remains bearish. nevertheless, the IN
dertone is not as pesSimistic as of late.
More and more attention is being given
to the October level, While that made
a new low yesterday, the question Is
up in some quarters whether it is be-
low the cost of production. Liquidation
has been so drastic that a halt in the
decline, il not a reduction, should now
follow -Fallon to Shepard 4 Gluck,
New Orleans-The ginning returns
are much larger than expected. For this
last period of 29O, 900 bales VS.. 1856, 900
and $4,000 two years ago.
New Orleans-Bad weather sustaining
influence, more opinion discount posi-
tons May to October low enough
lam w SONNVA N luiiCAs
New York-Frank Barrett, Augusta,
wires See no Improvement in spot
demand.
New York-Some little trade buying
on call. but ring sold after caIl,-Hub-
bard, to Reese.
New Orleans-Houston wires. Some
inquiry from Liverpool. New crop prep
arations very backward, owing TO con-
tinued heavy rains.-Shepard a. Gluck.
New York-Ralph Hubbard selling;
local professionals selling IN pessimism;
public don't buy for same reason
Cleve. to Cotter & Turner.
New York-After a constant decline
the cotton market situation has under
gone a decided change, and for the
time being a trading market may be
expected with ~rallying conditions. We
consider the 20c level warranted for
the present.-Josephthal.
New York-Concentrated Wall street
Southern commission house selling
through SChill, Clifford, Geer, Schley
caused late 'break.-Robertson to Ham
cock.
Gram.
Memphis receipts: Corn 5, oats 3 and
hay S airs.
Hog receipts: Chicago 81, 900, Omaha
1900, Kansas City 20, 900, Sioux City
=, 900, st. Joseph $4,000, st. Louis
10, 900.
corn 24O, 900, oats ,247, 900. Shipments:
Wheat Sc, 900, corn l66, 600, oats 236, 900.
st, Louis-Receipts: Wheat 81, 900,
corn ia, 900, oats 1873, 600. Shipments:
Wheat 10000, corn 69, 900, oats los, 900.
Washington.-The war trade board
announces in a new ruling that the re-
Strictions heretofore existing upon the
importation of maize corn have been
removed and licenses VIII now be is
sued for the importation of this COM
modify when the applications are 9TH
crwise in order from any country.
Chicago, Estimated Argentine ship
ments this week: Wheat 1926, 900, last
week 46S, 900, year $50, 900. Corn 1000, 900
vs.. 1,176, 900 VS., 40, 900. Oats $50, 900 VS..
$50, 900 VS.. none,
Chicago.-Chicago expects dollar corn.
The market Is considered a bulge sale.
Several bull houses have just awakened
to the seriously weak United States
trade situation, while bear houses from
S1,42 to $1.25 for May corn are
what conservative as to pressing the
break. The country is scared and
seems to be hedging cash corn. The
English labor unrest Is not bullish on
anything. United States grain exports
for 19lS-l9 are still below expectation.
Winter wheat condition remains a rec
pTu. Euk AM mas a. luuT ulnllnS sup
ply Of provisions and Eastern consum-
ers are awaiting Argentine corn. Labor
reductions and public demand for cheap
foods have evidently upset the general
orders from the iobhers who must be
at sear-Wagner & Co.
Chicago-Total c~learances: Wheat
and flour III, 900, corn none, oats 401,-
0rne Cash corn &c to 40 lower.
Kansas City wires: Texas will pro-
duce record small grain and forage
crops. Texas oats acreage double and
crops plenty,
ChicaEo-New York wires freight
taken yesterday for two cargoes of Ar
gentine corn to the United States.
New York-Reported that the st. Paul
railroad will get compensation of $2f.-
000, 900 from the government. If this
Is correct 1t win enable the company to
pay hack Observation-Disclosures & Co.
Observation-Disclosures Is made OF
large grain fleet sent to Australia.
N1a1hourpa rpnprts 90 stpnp,arS axna,taI