The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-02-17
ROUND TIE TICKER
Cotton.


Chicago. Marshall Field & Co, in
their weekly review Of the dry GOODS
trade, says. Current wholesale dIsJri-
button Of dry goods is running a little
less than for the same period Of 1918
Road sales for at once delivery are
slightly ahead. Merchants are placing
liberal orders Nor handkerChiefs, dellV-
cry TO be made in the fall. Retail bust
ness continues excellent. Collections
arc continuing good.
Montgomery, Ala.-Farm work at the
present date is no further advanced
than il was the first Of January. Co
plOus rains have prevented farm work.
We are therefore about 80 days late IN
this respect. A favorable feature is the
winter moisture all over the cotton
states. From all sources we hear that
there is a well-defined disposition to
reduce instead Of increase the acreage,
II Is also now evident that the expect
ed potash fertilization will be unobtain-
able in time for this seasons crop, and
without potash and plenty of fertilizers,
as Tar as the eastern belt is concerned,
II will be impossible to make or produce
a crop equal to the prewar period.
New orIeans-Next Monday, Feb. "a,
Will be the first notice day for March.
This coming Saturday anniversary Of
W~ashtngton's birthday will be a holi-
day in both the New Orleans and New
1ork markets.
/ New misunderstanding to reports
received here Japan is in the market
Tor hnters .-Shepard & Gluck.
New OEleans-The convention here
today and tomorrow to further the
movement to hold spots and reduce
acreage unquestionably has had some
thing to do with putting the market up
this morning. There is little cotton for
sale around the contract ring Shepard
& Gluck.
New Orleans-Liverpool cables: Some
long liquidation at the advance" Paris,
Tex, wires: THE spot basis here is
very high"
New Orleans-There seems to be a
better feeling in spots. which accounts
Tor recent rise in futures. However, on
good advance think holders will be
more inclined to sell. Would buy on
breaks for present,-Shepard & Chuck,
New Orleans-More reliable signs of
expanding spot demand; more bad
weather; probably some scalpers re-
action, but expect general trend higher.
Clark to COtter q Turner.
New York-Cotton opinions: Hutton
4 Co: We still believe that time is
not ripe yet to take the long sid in
cotton" RothsChild & Co.: Cotton ex-
perienced its lowest price the early part
of the week. In the last few days more
constructive developments arose, which
gave new hope of better prices " Weld
d Co: While locals appear to continue
rather generally beartsh, there seems to
be a distinctly better factor in trade
and should market remain fairly steady
for a time, we anticipate a revival of
mill demand. We consider purchases on
setbacks advisable
New ~York-Think big bulls quietly
slipping out on embargo talk.-Mc-
Elroy,
New York-Riordan bought July,
which traders hin for prominent up
town bull; very little for sale so far,
though reaction would be only natural.
Hubbard to Reese.
New Orleans-Texas gets too much
rain again. Austin wires: Raining
steadily for six hours and the ground
is soaking wet, This will delay plow-
ing for ten days, "-Shepard & Gluck.
New York-McAneny, Mitchell. Liver
pool and Castles all good buyers; SELL
ing scattered; Tumored export situation
Their umo is that embargo on cotton
has been or soon will be lifted all over
the world,-Cleve to Cotter & Turner.
New York-Small market, but senti-
ment improved and tone steady with
Wall street good buyer.-Gwathmey to
Foster.
New Worthwhile some discouraging
reports still come from mill c%enters,
there is a gradual improvement notice
able at some points. The English tex
tile situation is not o~ver-good, especia =
~ from India, but there Is fair demand
from China.-Fallon to Shepard l.
Gluck.
New Observation-Disclosures clears
l6, I59 bales of cotton for the continent
bringing foreign exports for the day thus
far up to 1000 bales against 5000 this
day last year.-Shepard & Gluck,
Pacific coast clear 1925 bales fol
Japan,
New Orleans.-Large exports, good
spot inquiry here; only scalpers reac.
tons; trend higher.-Clark.
New York.-Think big bulls did not
+; get off all longs this morning and max.
ing new advance to sell balances.-Mc.
Elroy to c. e. T.
New Orleans,-Some liquidation, but
market governed by probability remova
export restrictions; reduced acreage
| Fenner to GustafsOn.