The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-04-03
ROUND The TICKER
Cotton.

montgomery, Ala, April Weather
up to about March Is prevented farm
work, but since has been ideal. Ground
Is being broken up in a hurry, tractors
are being used, and it is calculated that
a tractor can break up about five times
as much soil in a day as a double
horse team, consequently this new fea-
ture may facilitate an earlier planting
n a better preparation than was to
be expected. Spot cotton holders are
getting rather restless. Considerable
cotton Is being offered daily without
finding buyers and that for the rea-
son, first that the cotton can not be
bought and hedged because the hedge
months have been selling at a discount
as compared with spot cotton, and sec
ondly, the demand from Europe, which
was expected to materialize is simply
nil, and the demand from American
spinners is of small volume and prin-
Cipally for the lower grades, which by
the way have enhanced in value; and
the differences between low grades and
the better grades have narrowed very
materially. 1t is peculiar, but the high
err grades have been rather neglected
and the demand seems principally for
the lower grades, which this season
are of exceptional value owing to their
cleanliness.-Weil Brothers.
New York-Sterling exchange was
higher yesterday on rumors that the
British government and renewed its
support. Demand for goods in this
country is reported steadily improving.
Political situation abroad was accepted
as improving, especially in Russia.
Weather conditions over the belt, while
not satisfactory as a whole, are show
ing some Improvement, Warmer tenn
peratures are much desired.-Fallon to
Shepard & Gluck,
Sulphur Springs. Texas, wires:
Heavy rains are delaying farm work
still further"
New Orleans-The weather map is
again unfavorable, light to heavy rains
the cotton region, while the eastern
half is cold, Texas gets much rain.
New Orleans-Greenville, s. c., wires:
The decline in the buying basis has
been very rapid this last week, due to
poor mill demand. Offerings are liberal
from tired holders,"-Shepard & Gluck.
New York-Beginning Monday eight
mills Of Fan River Iron Works com
pany viii run on full time, six days a
week,-Hubbard to Reese.
New Orleans-Iarge spot sales Liver
pool, general rains western half belt;
foreign news ~unfavorable, but apparent
disposition New York bull It on tech
nical conditions. Looks higher.-Clark
to Cotter & Turner.
New Orleans-Fort Worth, Tex,
wires; The recent heavy rains were
not needed, but will be beneficial rather
than otherwise In regard to cotton.
There are quite a few complaints about
bats and wheat getting too rank and
sappy. We have a fine season in the
ground now and should once more have
prospects for a good yield per acre,
duction in acreage. especially in those
for grain. Shepard and nd Giuck.
New Y~ork-Bears on defensive; crop
weather aiding bulls, besides nearer
peace-McElroy to Cotter & Turner,
New Orleans-Market strong on bad
weather west and large sales in Liv-
erpool.-Fenner to Gustafson.
The New Orleans and New York
cotton exchanges win close Good Fri
day and the day following, April IS
holidays at easter. Liverpool will close
five days at Easter, beginning with
the 18th,
Liverpool cables: Market advanced
late in the day on spot sales 10, 900
bales
New Orleans-It Is claimed that spot
sales This morning amount to at least
1000 bales and that the market is half
a cent higher. Washington confirms
recent reports that the embargo is off
exports TO German Austria, the ruling
| going into effect the first of April
Shepard & Gluck,
New Orleans-Foreign exchange rates
higher. Large exports. Spot quota
ton liable advance quarter to half on
last. nights business and may cause
| afternoon rally on which might rea-
| li2e.-Clark to Cotter Il Turner.
New York~-Think market will even
tually do much better. but would buy
only on reactions. Dull and feature
| less: business mostly local; Liverpool
bought a little,-Gwathmey to Foster.
New Orleans-LocalN spot brokers
| claim that spot holders in this market
are asking an advance q th~ree-eighths
this morning on top OF the advance Of
one-quarter yesterday, New England
mills are in this market, II is claimed
for the first time in months, shepard
& Chuck,
New Orleans-Inquiries for spots
from east coming in, Spots y higher
to h~uy.-Fenner to Gustafson.
Gram.
l. Chicago-u IL claimed there are
about 10000 bushels of corn offered
~ NE .#H".|"H 4