The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-07-03
ROUND The TICKER
Cotton.

Cotton.
New York-Do not look for cotton TO
sell much lower II any. when next
buying wave begins there will be few
contracts available. Weather better but
much needed to give even a moderate
yield-Fallon.
Liverpool cables No prospects OF
a settlement Of the strike in sight
New Orlesns-Few days of favorable
weather caused sentiment 10 become
very bearish. Meanwhile there is a
good short interest accommodating. Ideal
conditions necessary to make crop AIDE
quate for requirements, hence can eX-
pect rapid recovery should any unfav-
Orable condition develop affecting the
growing crop-Gluck,
New Crleans-Storms forecast for
southeast.
New York-Ltverpooi sold. Mitchell
bought, trying TO bring rally; market
expects more liquidation today on bet
ter weather.-Hubbard to Reese.
New York-Shipping board announces
reduction of from SO to rs cents hundred
on cotton Atlantic ports to tcaly.-Hub-
bard TO Reese.
New Y~ork-Riordan big buyer Oc-
tober.
New Orleans-Foster's private wealth
er forecast for July: During IL days,
July 2 to 16, more than usual rain ex-
pected in cotton states, In some parts
Of these states very heavy rains, in
other parts less than normal. From
July Is till about rs a decrease in rain
fall Is expected.-Beer.
New ~York-Shand cables strike situa =
ton acute; market looking for early
settlement; our opinion think this
doubtful Hubbard.
New York-Think cotton hit bottom
and shorts will cover before holidays.
-McElroy,
st. Louis.-It Is imperative that the
present seasonable weather should
continue for at least 30 days. Labor
had become very discouraged and it
will take at least another week of good
weather to bring back enthusiasm.
There has not been a plentiful supply
to work the crop, and with a prospect
of a crop failure and a loss at the END
OF the season the quality of labor has
| deteriUrated. We hear a few complaints
OF boil weevil in Southern Arkansas,
but we think 1t Is OF very little conse-
quence at the present time. There are
no complaints of other insects.
Goldman Cotton company.
New York-The next few weeks will
be critical ones for crop and the recent
liquidation has left the market a much
better position to respond to any un-
favorable crop reports,-Bache & Co. to
McFall,
New Orleans.-American Cotton as
sociation objects to bureau report on
the ground that it did not take into
consideration abandonment OF acreage
which Is claimed Is 8 per cent and
claims condition Is only IS,
New Orleans-Map indicates increas-
Ing cloudiness western half. probably
showers West Texas: generally fair
eastern half.-Clark Co.
New York.-Liverpool meets our de-
cline of yesterday, due no doubt, to the
unsettled labor condition in Lancashire.
( With the approaching of three days
holiday liquidation is to be expected,
but it will require a long period of good
weather for the crop to catch up to its
normal condition, and until this occurs
we do not look for any permanent de-
cline in prices. The market responds
more readily to bullish crop news and
is now in shape to do much better If
any bad reports materialiZe after the
holidays.-Jung to McFall.
New York.--Cotton opinions: Car
penter & Co; 1t will not do to lose sight
Of the treaty before the market reopens
after the holidays carrying with it the
complete r%eopening OF all outlets to
Germany. j. e. Bennett: Advantage
should be taken OF all weak and de-
pressed markets to buy October, Janu-
AIRY and March cotton, logan: Indica-
tions still point to another small cot
ton yield. Lowitz & Co; The cotton
crop will be short and higher values
will probably prevail. Thompson-Mc-
kinnin: For the present favors pur-
chase of purchase on these easy Pc
RODS. Clement Curtis, The next few
weeks will be critical ones for the crop
| and thu rAOant IrNIlotInn lor tef4 a.
market in a much better position to
respond to any unfavorable crop re-
ports.
MONTGOMERY, Alas a rule June
weather is favorable and the June con-
dltions are the best during the season.
This may reverse itself this season,
and inasmuch as we have had ~unfavor-
able conditions. II Is hope we'll founded
and the wish Is not entirely father to
the thought. There have been seasons
where crops seemed to be in a pre-
c%arious state even rs late as July Is,
One thing. however, must not be over
looked, that Is that there has been an
abandonment Of acreage Of about 6 pei
cent Of the area planted.-Weil Bros.
New York-Shorts tried to cover and
found nothing for sale,-Cleve. to Cot
ter e. Turner,
Washington -- Advisory Southeast
storm warning gulf coast. Key West
to ~Apalachicola. and northeast storm
warning west Of Apalachicola to Pen
sacola. Disturbance central this morn.
ing over the east gulf, probably moving
north northeast, attended by stront
winds and severe squalls over the cas-
gulf during next "a hours.
New Orleans-Don't think storm will
amount to much, except to bring SOM
rain to the eastern belt.-Beer.
Galveston clears sc, 900 for the cont
nent.
New 9Tieans-Market sensitive tc
weather developments shown by sharl
advance this morning, owing storm
warning,-Beer,
New Orleans-~Unconfirmed rumors
that Germany has signed causing ad
vance.
New Orleans-Official noon weathe
map does not show any disturbance o
consequence, and chances are rathe
that high pressure area will continu,
over the eastern belt, with good, wealth
err. except in F1orida--Clark g. Co,
New Observation-Disclosures says: Th'
preponderance of bottoms for cottol
Liverpool now in port and due at earl,
date Is demanding the undivided at
tentien Of steamship agencies. TIL,
American steamer Pawnee alloCated t.
load cotton for Hamburg, Mobile says
Large steamer allocated to load 400
bales for Europe. Large stock on ship
board at New Orleans and GalVestoJ
for export, 1863, 0oo,-Beer,
Gram.
Memphis receipts; Corn >, oats &C
hay s cars.
Chicago-Receipts; Wheat 1000, corr
1873, 900, oats 2a4, 900. Shipments: Whea
26, 900, corn 1903 900, oats 1919 900.
st. Louis-Receipts; Wheat 5000
o "A, 1000, oats 102, 600, Shipments
wheat none, corn 5s, 900, oats ia, 900.
Forecast; All grain belt mainl
cloudy, somewhat cooler Friday,
Chicago--July struggled with tn
price level. Overnight longs sold De