The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-09-04
ROUND The TICKER
Cotton.

half OF August Excepting during a
few days the sC'N'heru sections have
benefited from the needed open warm
weather. In the northern portion gem
eral rains have relieved the drought
which existed during the first half Of
August. Our agencies In South Ala
oama report that with continued favor
able weather the Weld win he about
rs large as last year. From some sec
tons OF South Georgia comes the same
report, whhe IN others only ga to IS
PER cent OF last years Weld is to be en-
nected. The chances for a large Weld
rom the top crop in these narts are
not very encouraging due to the ac.
tiVuy or the boil weevil. North Georgia.
North Alabama and North Mlssissinpi
commune to report sulendid conditions
ana an increased Yield in these sections
may be expected. II would seem thar
the predominant question Of the cot
ton trade in ~eneraL, is at present NOT
one or supply but Of consumption-WeIl
New lork-Sentiment locally is stiu
agalnst The market, but trade houses
Vol.nnue ouying. on scale shown. Any
Improvement in foreign exchange should
result In upturn. Favor long side ON
all breaks.0Jung. "
G~reenVllle, Miss, clear, cool No rain.
dnpelo. clear, cool; Yazoo city. clear
% Natehez, cloudy, threatening
warm ,Clarksdale, clear, cool; West
Point, clear, SIS.
New orleans-First census inners'
report OF season next Monday. Sent, &
compares with 1.03S,O0 ginned to Sept.
last year, and els, 900 year before last
Returns likely be very small, simmer
takings Tor week, Friday. compares
win $4,000 last year and I43.O 600 wear
before. Weeks into sight VS. 1877, 900 and
lS6,O0o.-Beer to McFall.
New York-MaJority sentiment bear
lSh. Gwathmey and Weld advise pur-
chases recesslons, -Cleve.
New Iork-There's no conspicuous
buying by large interests. but there's
= 1alr scattered demand for the trade.
doubt II II can hold market.-Cleve to
Cotter 4 Turner,
New Orleans-Liverpool more thar
fully meets decline this side. II It were
not the fear OF tropical storm, which
caused some covering yesterday neaI
close, market would have held decline.
This Is only sustaining factor at mo-
ment n should II pass off look for
further .decline.-Schneider, of s. & G,
st. Louis-Although army worms
have appeared, there seems to be a
difterence in opinion as to the damage
they will do. Some claim their opera
tons VIII be a benefit In that they
VIII eat the leaves and permit the sun
shine to reach the unmatured bolls.
Others seem to think the crop Is not
far enough advanced at this time and
that they viii greatly damage the top
crop, Farmers are using Paris greer
n meeting with some success. Sun
shine and dry weather would help them
= materially Favorable weather from
now on will, we believe, result in a
fairly good crop in our whole section
-Lesser-Goldma Cotton company.
New Orleans-Don't think bears cal
make much further Roadway. The,
overlook the lateness of the crop ant
organizations in the South to defenC
the 30-cent level on the ground of cos
] Of production. Believe market is
, buy on further bear pressure.-Clark &
Co.
: Galveston clears 1000 bales of cot
4 ton today.
e New Orleans map indicates a chang,
to cloudy, unsettled weather western
: and southern part of belt; generally fair
ccntinuod cold rorttern half, Look
d like tropical disturbance getting close
a to gulf. General outlook is for a chang
n to bad weather in the belt towards Sat
urday.-Clark & Co.
New ~York-Little fresh liquidation an
It local selling in small market. Liverpoc
a bought on early break.-Hubbard [
n Reese,
T. New York-Locals, South sold expect
ing further liquidation from western ac
count. spot houses bought; traders look
ing for lower market,-Hubbard I
- Reese.
New York-Overton says; Our wire
this morning from Is different points
Texas speak favorably Of present cond
al lions, Picking becoming general an
l. while late for a crop, equal to last yea
10 Sentiment very bearish.
Observation-Disclosures Ryan, genert
Of president railway carmen's union, say
shopmen will give president ample tim
to reduce high cost of living and this
m there will be strike, although tn
m EAmerican Federation Of Labor state
rs ment Is made that shopmen rave vote
$, to strike by an overwhelming maJorit!
New Orleans, Our traveller wire
from Austin, Tex. 1T will be 10th I
18th before movement becomes generI
= in this section.-Clark e. Co.
u New ~York.-Cotton flash: Watkins
Glover, Beard, Bartlett Lee, Flyn
- bought the market, Schill, Newman
= Brooks, Montgomery, McI1nany, Rus
sell and Hopkins sellers: heavy Livei
1r pool and commission houses seller.
ID New York.-Another decline in G,
le change and bearish sentiment increas
=, ing. Cotton looks lower,-Ettelson.
~ New York.-Gossip on the floor
+, that arrangements nave been made f
10 extending large foreign credits.--Hutto
~, g. Co.
:, New DEMONSTRATORS say most CO.
ton entirely withdrawn from marke
quotations may be lowered to 30 cen
on consideration Of lower offerings
hedged cotton.-Clark. .
' New Orleans.-The market Is eas
:, under the continued weakness Of foI
- eign exchange. Sterling is nearly
70 cent lower at 417A and francs are tv
n centimes lower at $40.
N New York.-Trade interests been O.
nv c%ellent buyers on break, but this d.
II, mand Stacking and West liquidatin,
everyone bearish on idea cotton W
on go down with other commodities,
Hubbard to Reese.