The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-08-02
ROUND The TICKER
COTTON.

New York-Cotton goods and cotton
yarns were stronger. Raw silk was
easier. Burlaps advanced NC a yard.
New York-The market may work
some higher but would not follow the
advance. The crop condition has inn
proved some since the government re-
port was made, and there are other
Influences at work against values
Ettelson TO Clark h Co.
New orleens-Market opens ,irregu-
lar, 10 to 70 higher. but broke I'm
mediately after the call 80 points on
heavy realizing. Feeling seems antagu-
nlstfe, but think II a purchase on
breaks on the bad weather outlook
for Atiantics. However. would realize
some on the bulges.-ClRrk & Co.
New York-Spot houses sold; short
interest sitting still; traders expecting
more covering, but win sell unless Il
appears Hubbard to Reese.
New York-Bull market is past, new
crop will be on us before exchange
difficulties arranged -McElroy to Cot
ter & Turner.
New York-There is liquidation In
New orleans-The weather map has
some little rain on il this morning,
showers having fallen in South Texas,
IN portions Of Oklahoma, the Norther
sections Of the central belt and in the
Atlantics. In Oklahoma and the north
central belt the rainfall was welcome,
but the rains in the Atlantics are un-
MISUNDERSTANDING & Gluck.
New Orleans-The effort Of the cam
paign against high food prices can only
nave a temporary sympathetic effect
on cotton. While other commodities.
particularly breadstuffs, should go
down because they are raised every
whAFA cotton Ia mr. gnAniTiN ~DNnnnpplN
and decline In food products Is rather
{ CO. ADVANCE 'O''0-o"'N
New York cotton opinions: ,Carpen-
ter 4 Co: II would seem that prices
for cotton had seon the top for the
present. Weld; We expect a further
advance. Hlrsch Lillenthal & Co.:
ments cotton should sell much higher.
Chicago-Marshall Field & Co, In
their weekly review Of the dry goods
trade say, Current wholesale distribu-
ton OF dry goods was slightly in eN-
cess of the corresponding week a year
ago, More merchants were in the mar
ket compared with the same week OF
1918 and all reported excellent bust
ness, Orders from road statesmen for
both immediate and fall delivery were
greater in volume than for the same
period last year. Collections are satis-
factory.
New York Chronicle figures on spin
ners' takings for the week were lbl,-
6Sl bales American, compared with
1877, 7b5 for the tame week last year.
Grain.
Chieago-A good break has been over
due for some time in corn and the
selling yesterday cleared out a large
/ of local and outside holders and
increased the short interest, The corn
market has been IN v~verbought affair
for some time, and the break Of l61a
cents In December from the high point
of Tuesday was enough, as the. bulls
see 1t, but nothing compared with what
should come as seen by the bears.
Chicago.-O'Brien says: Agitation
for lower cost Of living Is an old bear
card. The rains and crop improvement
together with a crowd Of bulls and
longs that thought there was only one
side to coTn caused the quick break.
It may be hard to stop the decline as
the 200, 900 limit Is too small to stabilize
the market and stop large fluctuations.
II should be taken off, and other re-
strictions, then u supply and demand
market would make a natural market.
Lower prices for corn look probable,
but trade must expect quick rallies. -
Clement, Curtis q Co. TO MCFall.
Chicago.-CommisslQn corr continues
TO come in, Shorts and locals are prin-
cipal buyers .-Babcock to Clark & Co,
Forecast grain bot: Illinois, Missouri,
Wisconsin and Iowa-Fair and warmer
tonight and Sunday. Minnesota-Fair
tonight and Sunday except probably
showers In northwest. warmer, Dako-
tas-Unsettled with local Thunderstorm
ers tonight or Sunday, warmer. Nc
braska and K~ansas-Part cloudy tonight
and Sunday, warmer,
Chicago,-With the losses OF $50, 000,-
600 bushels In wheat and oats crop from
carly prospects, also considerable losses
in rye, barley and potatoes together
with a reduction in the corn crop out
look as compared with earlier condi-
tions, conservative men are not In
clined to accept the radically bearish
IDEAS as to food supplies to make per.
manent declines In values rather than
those caused by temporary conditions.
1t is claimed, however, that all bull
ish conditions have been discounted
Tribune.