The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-07-25
COTTON MARKETS
Conflicting influences in Cot
ton Keep Traders Shy.
Prices Change Little.

GANadg AAltElOQus July 20
Apparently the cotton market is in
q state of equipoise; at least for the
time being. II is still nervous, but
there IS enough division Of sentiment to
reNen movement Of prices either way
until sohaething more definite happens.
opinions have during the past few days
not undergone any marked change, but
II is perhaps a bit noticeable that the
talk OF much advance from around the
35-cent level is attended by more con-
ditions than has been the case.
the weather map this morning show
ed that more rains fell in the sections
that for several days have been getting
them, some advices from the Atlantics
telling OF having had ain continuously
for about ten days. The amounts, how
ever, were lighter today and there was
some hope Of the wet area passing out
n enabling some OF the effects to be
overcome as much as possible. In fact,
later in the day some Of the weather
Sparks thought they could see signs OF
clearing. However, on the other hand,
there were those earlier in the day who
claimed to see indications of some rains
In the western belt by Monday, which
would no doubt be highly acceptable, as
some sections are beginning to suffer a
little.
One private crop condition report
came, the figure announced being 63.3.
compared with report of 70.7 a month
ago. 1t was of little effect, for even
the lower condition that by
the government for June rs pointed to
a larger yield, due. to the system OF
raising expectations as the season gets
older.
The Liverpool market came a lit
tie better than expected early, at
tributed to the condition report from
this side, some progress toward help
ing the exchange market n to con-
fidsnce in an early ending of the coal
miners strike, which would relieve
anxiety about mills continuing to
operate. There was some little irregu-
larity toward the close, finals being
quiet and from II to q points to the
bad. Spots were up a point, middling
to 21.45d, with sales 5000 bales, includ-
ing 1900 American. Receipts for the
day were 5000 bales. Manchester ad-
vised that cloths were more active and
yarns were firm.
Small gains were recorded at the open
ing of the domestic markets and a good
o prevailed, with offerings q bl1
scarce and Liverpool buying moderate
ly. There was Improvement in sterling
and quotations were reported up sew
eral points, but later there was a de-
cline of that and more. The reports
that the coal strike in England was
about to be settled helped sentiment
bit and October worked up to 1886
after opening at 35. soc. When the buy
ing power seemed to Subside and eX'
change weakened there vas a dip Of
more than half a cent, October selling
off to 34.95c, but being better supported
toward 35c. The failure to give better
response to the strike settlement ant
to rumors that progress was being mad
in the marine workers strike settle
mentl seemed To discourage those who
had been so bullish. There was onl.
Scattered selling, however.
No news of consequence came from
the spot department, except that it wa
final day for July tenders in New Or
leans and some reports said that abou
10, 900 bales were taken care of by spo
people and that they wanted more. Elk
ports continue very light and will b.
> until the strike is adjusted.
Futures closed 20 to 60 points off
tone steady.
New Orleans closed IA to- 90 points
down, tone steady. Spots were un
changed, middling at 34.50c, n sales
were 3,101 bales.
In the local market sales were 1,40C
bales, making $3.50 for the week. Quo
], tations were unchanged, middling al
34.50c.
Unsold stock 10 factors hands is est.
mated at $1,000 bales, compared with
10000 last year and q, 900 in 1917.
Linters in stock are $1,000 bales
against 155, 900 last year and $4,000 IL
1917.