The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-08-07
ROUND The TICKER


New Orleans-Market opened un-
changed to 80 points down and sold off
further on weakness. New York be
heved to be sentimental expression Of
the government action against packing
interests, but easier money rates and
eulltsh weather IN favor Of cotton.
uroueht and heat situation intensifying
over West and ~unfsvOrRhie showery
weather over East.-Clark & Co.
New Orleans-nallas Boyd. our trav-
cling crop expert, wires from Waco,
Iex., Aug s; Southern Texas has
arge weed but no fruit; shot to pieces
by weevils and boil worms. Central
Texas improved very much past two
weeks. but boll worms now In large
numbers, as we'll as weeVils; weed SO
rank playing havoc with grown boIls.
West Texas in fine shape so far: win
make good crop. No one a say what
Texas VIII make, but In my opinion II
McFan.
New York-Threatened control all
commodity. prices by congress under
mines confidence; expect sagging mar
ket.-McElroy to COtter & Turner.
New orleans-Gwathmey, New York.
wires Very steady, but am not en-
t~husiastic about it, Too much uncer-
tainty."
.Corsicana, Texas wires: Much COM
lANAAAN VI NOiiho ana WtfNllS ana De-
heVe that insect damage has only start
cd. The plant is diversified. sappy and
al indications point to an increase In
insect pests"
New York-Liverpool and trade
bought; traders bearish; selling follow
ing Mitchell-Hubbard to Reese.
New OrlGSes-The western belt fore
cast Is favorable. Showers will be wei
come.
sentiment moderately bearish but
generally news encouraging. Strike news
SmSEica and England more helpful. De-
cline in foreign exchange yesterday was
attributed TO heavy offerings Of cotton
Mills indicating large exports,-Beer.
Liverpool cables: Continued selling
Manchester in small market.
Monroe, La, wires: Crop progress
satisfactory, although there Is weevil
damage In some sections. A little rain
would be beneficial.
New Orleans--The regular weekly sta
tistics statement will be resumed this
week, Min takings will compare with
iss'o0o bales this week last year and
$4,000 this week two yeaH8 ago. Com
sidering conditions in Lancashire, TAX
ings ought to make a fairly favorable
showing .-ShepasB & Chuck.
New 0~rleans-The cotton market
opens soft under favorable weather in
the belt and uncertainty regarding the
progress against high living COSTS
Shepard q Gluck.
New Orleans-Think American rings
short; sold freely this morning. Favor
) buying on the break. Temperatures
southwest higher than yesterday; rain
! Atlantics where not wanted; more
indicated that section, New York wires:
, Locals raiding market on rumors some
Southern cotton mills are on strike
Beer to McFall.
Nine stations Texas minimum TEN,
, perature 100 to 104. Yesterday six sta,
. tons 100 TO 106.
j Washington.-A reduction In taxes o
at least $1,000. 900 900 annually was rec.
commended today as the policy to b,
pursued by the government In action Ia,
: ken by the trade rules committee o.
the house.
y New Orleans.-Think market Is shor
on political selling; crop situation get
, ting more bullish every day; believ,
failure OF yield will become apparen
soon. At present market suffering iron
sympathetic effect of feeling In Wa
street.-Clark & Co.
New York.--Ticker q y allies efyinI
> to negotiate a loan Of three billion dol
lars.
Augusta, Ga, wires: 1T is impossible,
: to sell spots to either foreign or do
nestle mills"
New orleans-In the foreign exchang
market sterling Is lower by " at S4,3l
i while francs ave taken another tum
BILE Of Is points and are now quoted q
the new low record Of TIA.
New Orlears.--A local man wire
New York: Steamship agents repoI
exporters trying TO cancel freight en-
gagements on account of foreign Ell
change Generalization. Sales yesterda
at New Orleans, Houston and Dalla
combined were only 105 bales, som
- thing almost unheard ~of."-Shepard
Gluck.
G~reenvilIe, Tex. wires: @The night
are too cool and worms are lncreasin
to an alarming extent. Fruit Is absc
lutely gone"