The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-02-03
ROUND TIE TICKER
Cotton.

Cotton.
New Orleans.-It is a weather mar
ket Houston wires: mot an acre
this date planting should already Re
under way and completed IN the earliest
counties.
New Orleans.-Rain fell in the cotton
belt Sunday from one end TO the other,
M there is now general buying in rec
ognition Of the nct that the first week
OF February finds new crop work back
ward, with no promise OF a change for
the better in weather conditions in the
Immediate future.-Shepard q Gluck.
New Nork,-Foreign buying which
was a feature Of the big declines during
the week was not prominent. PrediCa-
lions that the foreigners would have all
Of the cotton In sight II the spot In
~terests on this side persisted in their
hands off policy are not taken seriously.
The foreigners can have all the con-
tracts they want. and the more they
take the merrier the end will be.-Wag-
ner & Co.
New York-weld & Co.: Believe the
labor situation is likely to be settled
without resource to a general strike and
a revival of domestic demand coinctdent
with increasing exports can rapidly
change the whole character Of the trad
ing.
New Orleans .-Continued bad wealth
er indicated, favor purchases discount
positions; think discounts will narrow.
Clark to Cotter & Turner,
New York.-Expect New England will
settle on basis As hours pay for As
hours work. Expect advance so fur
Tiers, 7, Hubbard to Reese.
New Orleans Indications OF better
spot demand.-Ellis & Co.
New York.-New England mill trou-
bles are less threatening, The adver-
Using campaign over the country for a
drastic reduction, 80 per cent, in the
acreage continues. These features
should give us a better market today,
Manufacturers. claim the demand for
goods does not care for the product be-
ing turned out even on the reduced
scale, n the next government report
on consumption Of raw material for
January is expected to be bearish.-
Fallon to Shepard & Chuck,
New Orleans.-Good Liverpool, bull
ish exports and weather; think traders
market, gradually developing advancing
tendency. favor buying dips.-Clark to
Cotter g. Turner.
New York.-May have counter attack,
but collapse mill opposition leaves
shorts in bad fiX,-McElroy to Cotter &
Turner.
New Orleans With the settlement Of
the threatened New England mill oper-
ators' strike, improved shipping condi-
tions and generally more optimistic
feeling look for a gradually advancing
market. Would buy on any soft spot.
shepard.
New Orleans Houston wires: THE
spot demand is still in evidence and
good lines are bringing above quota
tons. There is little offering under
80 cents. shepard & Gluck,
NJ Ua-ls AHz.1.A
bles and settlement OF threatened
strike, everywhere except Lawrence,
Mass. Hutton bought around 20 cents
for May. Market quieting down: de-
mand looks to be satisfied for moment.
-Cleve to Cotter & Turner.
New York.-strong cables together
with some reports improved export de-
local buying; supply rather limited and
tone steady but no special feature
Gwathmey to Foster.
New Orleans.--Decidediy more inquiry
for spots in past few days. Textile la
Dor troubles In East APPARENTLY have been
overcome; no weakness in spots has
developed; organized efforts to de-
crease cotton acreage appear to be
meeting with success, all Of which tends
to bring about an advancing market.
American spinners will have to COM
pete with foreign buyers at a much
cheaper freight rate, We think de-
mand for low grades, will develop, as
present differences make them extreme
ly cheap; think difference likely TO
narrow; expect high grade difference
to do likewise!-Fenner Calling and
Beane night letter to Wells & Gustaf-
son.
New York.-Mitchell and locals buy
ing; Keller selling.-Robertson & Co.
to Hancock.
Grain.
Memphis receipts: Corn 20. oats Z
and hay Is cars.
Hog receipts: Chicago, 1000; Omaha,
$4,000; Kansas City. $4,000; Sioux City,
1900: st. Joseph, $4,000; st. Louis,
5000.
Chicago--Receipts: Wheat, 1859, 900;
corn, $4,000; oats, Q 1000. Shipments:
Wheat. $4,000; corn. 2l4'OOO; oats. 1885,
st. Louis--Receipts: Wheat. A, 1000;
corn, gil 900; oats, $4,000. Shipments:
Wheat, 10000; corn, 6 1000; oats, 149, 900,
Chicago--The average weight Of hogs
at yards the past week has been 2S1
pounds, against 23o tho previous week, |
Minneapolis wires: Food administra-
ton just posted notice that since war
trade board has removed export re-
stretions they will discontinue the pur-
chase Of rye and barley.-Wagner
G. Co.
c~hicago-some buying Of corr on a
Broomhall cable that Argentine will not
permit exports OF corn without bags
ner 4 CO.
Chicago-Market advanced sharply on
buying by Thomson McKinnon and
Clement Curtis. The Argentine ~restrtc-
tion on export talk, while not taken
very seriously by the trade, had some |
effect on Observation-Disclosures & Co.
New York-Hensley says: Anaconda
January production 10, 900, 900 pounds, |
against 81, s00, 900 In December. In last
year, In month OF May, Anaconda pro-
duced 28,400, 900.
ChicaRo-Little more two-sided mar |
ket, but still sale bulges; accept mod. |
crate profits.-King, Farnum & Co. to
Reese.
Clearances: Wheat $40, 900, O none,
oats 10000, flour $4,000. wheat and flour |
2S9, 900.
New York.--Dow Jones y Amer
ican Locomotive closed orders for 50
engines for foreign railroads. -Hensley.
Eastern shorts have performed most Of
the buying In corn; looks as though
much of the firnness IN corn was due
to n hesitation In general bear senti-
ment and steadiness Of the cash stuff
based on small receipts.--E. w. Wagner
& Co.
Chicago.-There Is a message here
from st. Louis asking for an offer OF
$4,000 bushels No, 3 corn for prompt
shipment to Baltimore.
Chicago.-Broomhall says England
will purchase 5000, 900, 900 worth of Ar
gentine products. wool, hides, grain, |
etc, He Is skeptical as to success OF