The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-07-02
ROUND THE TICKER
Cotton.

StatlSiCS by heStef drCoHl- |
tinted for remainder ~of-season. or uHtil
end Of July, when annual cotton state
ment will be issued. Exports from
Galveston TO Europe today 10, COO EX-
ports from all ports TO Europe COM
pares with $4,000 this date last year
Indications for large exports to Europe
near future, Stock on shiphoard await
ing clearance at New Orleans July l,
ca, 200 Fs AZ, 5000, at Galveston June so
$4,000 IS 5000, Crop reports from
south Texas diseouragins In the sX-
IRENE.
New York. West selling on pros
peet fair weather. Dry-goods advanced
Yesterday on bureau. MeElroy to
Cotter 8 Turner.
New York-wall Street l~iquidating fair
trade deniapd on decline, traders ex-
pecting further liquidation before holi-
day.
New Ofleans.-Crop report worse
than expected, but does not cover the
change 10 better weather in the past
two days.-Clark & Co.
New Ofleaus- Meeting of Board
Of Directors Of American Cotton Asso-
citation. passed resolution to Organise
marketing and financing of domestic
cotton. It's chief purpose would be to
loan money to farmers for holding
cotton to prevent distress cotton com
ing on the market with intention TO
store and hold at least Ia Of normal
crop. II was distinctly stated that the
| corporation which was to be purely
domestic would not be allowed to con.
flict with the American Cotton Export
Finance Corporation which deals with
foreign markets.-Clark d Co.
New York,-Weekly weather report
more favorable than expected.
S:15 a. m.-Bswer owing weather. I'M
proving slowly interior and official fore
cast generally fair to fair all belt except
part cloudy East Texas and showers
South Florida. Although generally fair
predicted for southwest there's posi-
bility OF some rain west Of the Missis-
sippi river as result Of low barometer In
ing scalpers position for present.--Beer
to MeFall.
New Orleans - Liverpool cables:
Strike new looks worse" While
tendency is toward realizing reactions,
think market can be bought on declines
e. e.. good intermediate '''''''-''''A q
New York reports a higher cotton
goods market with staple dress goods
In short supply and buyers in the mar
ket In great numbers.-Shepard q
Gluck.
New Orleans-Lancashire reports
some resumption of work by the strik,,
| erS alInOuEn SplTllbTs ltllldli tuN alAA
are turbulent. However, an early ads
iustment is looked for and when started
a big business will result. A serious
break in sterling exchange is not help
full to the export Standardization to
Shepard a Gluek.
New ~York-Market full realizing or
ders; enough trade buying appeared on
initial break stop market, but while
not bearish think further reaction not
unlikely.-Hustace Hubbard to Reese.
New Orleans-Bureau did not fully
meet bullish expectation encouraged. by
private reports and despite efforts New
York TO hold market heavy realizing
has followed; weather more favorable
and with It continuous fore week or ten
days think 1t will develop that recent
alarming crop accounts have been more
or lesb eolored.-Ellis & Co. night let
ter.
New York-weld & Co. While the
present technical position may defer
an advance considerably higher prices
are. probable in the long run in our
opinion.
New Orleans-There is some com
plaint of low temperatures In Georgia
and the CarolinaS. which the forecast
says will be cured. Macon, Ca, re.
ports a maximum OF. So degrees; Angus.
ia SIS; Thomasville 81; Montgomery g.
Charleston Sc; Wilmington ~5S.-Shepart
& Gluck.
New York-Cottoh opinions: Chapir
& Co: A hot, dry summer would bt
disastrous Il crops In present condition
with its thin lateral roots. jerks
Gwynne: There are indications tina
some of the. big operators took profits
= on last weeks big rise and are only
. too pleased to see a reaction. Logan
, a Bryan: Such a small production Ii
| view OF the worlds requirements wi
think. will bring about higher price,
ultimately. Clement Curtis: 1t look.
as though shorts sellers will be. on tn,
defensive for the balance Of the grow.
ing year and crop conditions must i'm.
prove materially before any permafent
decline can be had.
New Orleans-Liverpool cables effort
settle strike abortive.-White,
New Orleans-Favbr taking profits on
long contracts. Weather improving
strike news unfsvorable. spot demand
slack, holidays ahead, more liquidation
and market lower temporariIy.-Beer.
Cuero. Tex.-Farmers discouraged
owing continued rain. Weevils thicker
than for Is years.
Manchester cables; 1.-THE mill EN-
| ployers and owners of North Lancashire
have decided upon q general lockout,
! commencing tomorrow, Unless the strik
) ing operatives return to work"
IpW vi CdtiS-m htl EttItfiR OIL
owing unfavorable strike news from
England, apparently delay in Germany
ratifying peace treaty, slack spot de-
mand south and outlook for better
weather tending to influence more
liquidation and lower market tempora
rily.-Beer to McFall.
New fork-The report that all cotton
shipped to Holland attracted interest tC
the July position and led to predictions
that the spot month would take q
premium again over the distant posi-.
Y tons, which would also feel the effect
, of improving crop conditions more
l quickly, than the spot position
e Grain.
' Memphis receipts: Corn 3, oats q
and hay 15 cars.
. Chicago-Receipts: Wheat, 10000
corn, 300, 600; oats, All, 900. Shipments
: Wheat, 1l,oeO; corn, l4p, OO0, oats, 94l,
900.
st, Lpuis-Receipts; Wheat, 6.OOO
corn, $4,000; oats, 24,06O. shipments
Wheat, 1000; corn, 3 5000 oats, $4,000
Grain belt forecast, All states excep
North, Dakota, generally fair tonigh
: unsettled tonight and Thursday, no
{ much change In temperature.
Chicago-Hoas sold at $22 per 100 VI
s5c over yesterdays highest prices O
record.
r Chicago-O'Brien says: We are get
ting damage reports ON oats, While
= have started a big trade In oats, wit
good buying, Buy them on all wea.
spots. Buy corn and Hold for good ad
vance.
9 . Chicago grain opinions: Bartlett Fra
l Vfhr- THE pnrO tpnfEpt etill lOpkp hIphp
4 to us. Believe oats market will wor
: higher. Wagner & Co.-Alfalfa Is tn