The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-03-10
Cotton.

Al.
foreign markets continues optimistic
on cotton. fheir market is lower, which
is perhaps a readjustment because oil
improved position of sterling exchange.
Technical conditions In our market are
no doubt poor. There has, been big
covering movement by shorts.-T. & NJ,
to Clark & Co.
New York-Liverpool buying october.
New York-Private cables say the
situation In Alexandria cotton market
is improving OF total Egyptian crop
OF about 600 bales, shipment from
Alexandria have aggregated 250000 Tor
the season to date.
New Worthwhile there has been ex-
tensive long liquidation of March on
advance, no signs yet of cotton coming
here for delivery and position continues
very tight-Gwathmey & CO.
New York-Liverpool weaker on i'm
provement sterling. Locals sold, but no
signs weakness, traders expecting re-
oovery,-Hubbard TO Reese,
New Ycrk--After early weakness mar
ket rallied on further new speculative
buying, chiefly new crops.-Gwathmey
& Foster.
News Orleans-Heavy discount near
positions suggests inadvsability short
sales, While weather and delayed farm
work likely to stimulate new crops
bClibNe leaCllDH III nhU only temporary,
-Newburger & Co to Foster,
New Oreans-Exports today are re-
markahe New Orleans clears 1856
bales for Bremen, Wilmington 5000 for
Bremen, Savannah 1857 for Japan, A
total of 1888 bales, against q ASS this
day last year, and England thus far has
not taken bale. shepard & Chuck,
New Orleans--Greenvllle, Tex. wires;
Weather warmer and cloudy. Farm
ers needing rain on small grain and on
| land, as high winds have dried ground
too fast and It can hardly be worked
| until get some moisture. Absolutely
no demand spots. Farmers can hardly
sell low grades now at any price, but
| picking about over, sentiment bunlsh."
New Orleans--New Orleans clears 49,
| SIG bales of cotton for foreign export.
| Freight brokers say that New York is
naming rate of 81 a hundred ON cot
ton for both Havre and Antwerp
| Shepard & Gluck.
New Orleans-Liverpoo affected by
| advancing exchange and declining
| freights, which account also for Amer
lean advance. Strike New York long
shoremen settled,--Ellis & Co.
New York-Weekly weather report
Esays weather favorable for cotton
planting Arizona, but some damage by
| cold IN Texas in some places where cot
| ton was up.---Huhbard to Reese.
| New Orleans--New York advises clock
| will be advanced one hour March Is.
New Orleans-Exports from New Or
leans so far today, $4,000 bales, all for
| continent, other ports to hear from, VS..
| 1000 all ports this date last year
Beer to McFall.
| New York-Thus far this morning
| Liverpool has bought more cotton than
| it has sold. 1t has sold old crop but
bought new-crop months quite freely
| Wollman.
Liverpool cables: Weak, heavy long
liquidation, heavy hedge selling on fur
| Their advances rate exchange. RouhaiX
| wires: General strike all mills Roubaix,
Turcoing and district commenced this
morning.
New Orleans-Cotton higher, owing
rains interior and higher foreign ex-
change More rain Indicated nearly al
belt. See nothing ahead but trade eX-
pansion, especially textiles, the woro
over. Hear Of very large purchase Of
low grades in interior lately for Euro
pean acCount-Beer.
Washngton-Al further government
credits to the allied countries have beer
stopped by the treasury department.
Athens, Ga, wires. Large lois Of
spots are being sold here at easy prices
In some cases farmers have had the
cotton for two years. Farmers are buy.
ing extra mules is order to make up fol
| the late start" -
Grain.
Memphis receipts: Corn 10, oats
and hay 16 ears.
Hog receipts: Chicago $4,000, Omaha
| $4,000 Kansas City $4,000, Sioux City
10000 St. Joseph 5000, st. Louis $1,000
| (Nhiga
$4,000, oats 206 900. Shipments: Wheat
$1,000, corn lac, 900, oats $4,000.
st. Louis receipts: Wheat $4,000 corr
lie, 900, oats 122, 900. Shipments: Wheat
80, 600, corn $4,000, oats 17S000.
Kansas City wires: Only one car o
cash corn sold so far and that cent!
lower
Chicago-Corn looks lower for time
| Cash position is becoming easier, How
ever, believe the export business in rye
and poor outlook for winter wheat viii
attract attention later on.--Babcock.
New York.--Decline oil yesterday
caused by local bears pounding. Coco
buying developed around low prices
Elsnger to Shepard & Gluck.
Chicago Northwest millers sa,
flour trade most unsatisfactory; buyers
trying to cancel. Mill feeds have riser
on strong demand,
Chicago. Liberal sales of lard b,
commission houses with Logan e. Bryan
leading sellers at opening caused weak.
ness, Offerings were we'll absorbed
and I look for an upturn.-Rem L
Shepard e. Gluck.
Chicago Current sees a larg'
winter wheat acreage loss. Conditions
throughout Indiana Illinois and Mis-
souri, are, If anything, more discourag
ing than two weeks ago, whereas the re
ports from Kansas and Oklahoma indi
cate practically the same.
hicago-Missouri state board agri
culture makes winter weat condition
culture makes winter wheat conditio
600 acres smaller Reports similar t
| this from Missouri may be expected
; from this time forward. It is possible
| that these reports viii stimulate de
; mand for September and July corn
BabCock.
4 Chicago reports canCella
| ton 1000 600 oats last two days acCoun
! | inability securing shipment from West
( | Seabuard is good buyer cash rye. ais
taking little hard winter wheat
| BabcoCk to Clark & Co,
2 Forecast-~AN grain states: Rain o
snow tonight and Thursday somewha
. colder,
e Chicago. Two elevator houses sold
not a broad one. moving easily unde
moderate transactions, -Babcock t
> Clark & Co.
Stocks.
| Now Yprk- (,ertaiptaaI prodrrtu nv,