The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-08-28
ROUND The TICKER
Cotton.

says: Florida-Excesslve rains. boil
weevils and shedding have been the
chlet causes OF reduced prospects. Ala
bama-Boll weeyils, continuous and
heavy rains have been the chief cause
OF rather severe deterioration and rem
dered prospects poor; caused eonsid-
cradle shedding and grassy fields with
a scarcity Of labor. Top crop prospects
are very Vol and the season is two
weeks late, Picking will begin about
Sept l. Mississippi-Boll weevils maxi
ING their appearance In many sections,
but damage by insects is not serious,
Rains have been rather excessive, but
labor sufficient, The plant is small and
frnltAge is ordinary to poor. Picking
VIII be general by Sept. Is and the sea-
son is backward by two weeks.
New Orleans Southern Products
company condition report shows deter
ioration for month 50 points VS.. 10 year
normal a. II confirmed by govern
mont. bureau with be about 5S.7 and
indicated yield yess than II, 200, 600 ex
linters, bullish.-Beer.
New York ,-Liverpool says their de-
cline on local selling account better
sterling Locals and scattered South
ern selling or better weather. no great
change expected before bureau.-Huh-
bard to Reese, /.
Southern Products Dallas,
says condition 60.7 by states: Texas 50,
Oklahoma IL, Georgia Sc, Alabama and
Louisiana So, Mississippi 60, Arkansas
Sc, North Carolina 6S, South Carolina
65, Tennessee 10, Missouri 73.
New orleans.-Bears sounding mar
ket from time TO time, whether 1t has
not covered enough and Is ripe for re-
action. In our opinion there is more
short covering to come and favor buy
ing on reactions.-ClarK & Co.
New Y~ork,-Cotton exchange men,
bers' average estimate on cotton con-
dition els.
New Orleans. Foreign exchange is
better this morning, Sterling Is a quar-
ter cent higher at S4.24 and French
exchange is 4 points better at Z 9S.
New Orleans.-The market is easily
affected either way, At the moment
II is soft under the favorable weather
map n forecast,-Shepard & Gluek.
New Orleans United States shipping
board has allocated 20 steamships to
New Orleans for regular service In
European trade, Reported large allot-
ment ships will be made to Galveston
also. Chicago-Mr. Clement wires from
New York: II all points to no rail or
steel strike as | see it,-Beer to Nc
Fall.
St Louis. Lesser Goldman Cotton
company issue the following
Arkansas and Southeast Missourl--Thls
entire section has received sufficient
rains to bring the crop to full maturity.
They came just at the proper time
n have been followed by necessary
low temperatures, What we need now
is hot, dry weather for the next 30
days. We have some reports Of army
worms in several localities, but so far
there has not been much damage. Re-
ports indicate that we have less dam
age from boil weevils than for several
seasons, Oklahoma-The greater part Of
this state has received good rains and
the crop Is holding its own nicely. Clear
warm weather win be very beneficial.
New orleans--Meridian's first bale,
sold by McFadden agency for SO cents.
strict low middling of color, staple fair;
| IL days late.-S. q G..
New York-Follcwing withdrawal by
Bank of England Of Its Az per cent in
terest rate or credit balance, demand
sterling broke Q points from 4,24%.
Some Texas crop reports: Stephen
vile, Tex! Worms appearing some
places. Frost, Tex.-Boll weevils doing
much damage, Bokchita, Okla.-Boll
weevils damaging cotton,-Beer.
New orlesns-Ferris, Ellis county, the
Texas. wires; Worst condition in ter
years In my opinion.
New York-Washington developments
In Industrial crisis moving fast and ia.
vorably; consider shorts in serious hole
-McElroy to Cotter & Turner.
New York-Reports Of our correspond.
ents make the average condition of cot.
ton 63.S against 7l,2 last month. and
government condition 67.1. Condition
and acreage indicate crop OF II, 290, 00C
l holau | al II ma mn In al month md
final Of 10000 600 bales last year
Clement, Curtis & Co.
Gram.
that commission houses have fair
that commission houses have fair
1879, Local short covering has stiffened
| the market up ZONE but rallies do moi
hold Dennis to Clark & Co.
Chicago-Hogs now a dollar to dollar
quarter lower.
Chicago-Ware and Leland selling
corn. Raining at st. Louis. Been rain
ing at Kansas City and vicinity for 80
hours and still raining Wagner g. Co.
Chicago-Obrien says: Corn opening
weak on newspaper headlines ~agitatinr
II. C. L. and lower hog prices. / have
no fear OF price later on, but at present
il Is too much to back.-Clement Cur
tiss to McFall.
New York-The stock market opened
surprisingly good Evidently there Is
confidence in the conservatism and
ability Of union leaders to hold the mer
in control.-Ettelson to Clark & Co.
New York-It is reported Secretary
Lane has, or will, request President
Wilson to call a conference of labor
leaders as well as capitalists to adjust
all controversies,
New York-Amn. Hide and Leather
surplus after taxes year ended June sc
equivalent to $20.73 a share on prefer.
red stock-Hensley,
New York-A private dispatch from
Reading, Pa, says: THAT the shopmer
accept President Wilson's offer on wage
Increase
Chicago-Texas offered No. 2 white
corn to Chicago on the basis OF $l,S4 and
to Memphis at $3.50 ten days shipment
Chicago-Mulville wires McFall they
are offering hogs at 81 lower after the
close at the yards. q
Chicago--It Is estimated 10000 hogs
are being carried over unsold.
New York; have a friend who ha.
seen Mr.. Gomper's speech to be made
on labor day. He considers 1t most IA
vorable, backing up the President. Ask
ing for increasing production In every
line and advocating the downing u
Bolshevism In every way.
Chicago-Message from Omaha says
Country offering gfom Iowa increasing
lately and this am both corn and oats
MONEY.
NEW YORK, Aug. 2S.-Mercantilt
paper, hQ51a per cent. Sterling, SO.
day bills, 4,l9hS commercial, coda!
bills on banks, 4.19; commercial, Coda!
hIle 1Q1L. Ianand d91M. oahIae