The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-08-06
ROUND THE TICKER
Cotton

Mexia, Tex, wires: Rained all night
and still raining.
New York--Further declines are re-
ported in the Boston cotton yarn mar
East Is beginning to become more gen.
eral
New York wires that the market
| there 10 advancing on the report that
the federal reserve board has issued a
statement denying that 1t has curtailed
loans against cotton or that II intends
| to.
New Orleans-GreenviIle, Tex, wires;
Weather cloudy and threatening; one Of
| the heaviest rains of the season fell
north this city yesterday and last night.
IS. & @.
New Orleans--Shorts covered freely
yesterday on reports of crop deteriora-
ton and bullish construction OF Euro
pean war news. With present financiR!
situation do not believe another war
q bull factor and would rather sell on
these bulges, August is month OF
deterioration however, and we must
expect complaints from now on, Set
Element of European troubles, we be-
lieve, would be very bullish factor
Sheppard.
New York.--Some selling by recent
buyers caused lower opening in spite
OF reassuring statement reserve bank
officially regarding cotton loans,-Hub-
bard,
New York.-Understand advance in
Liverpool checked by realizing, traders
here sold on opening, Europe bought
Hubbard to Reese.
New York.--Journal of Commerce
says private advices received in finan-
cial circles indicate that Polish situa-
ton has caused grave anxiety in Eu-
ropean capitals. Numerous complaints
OF boil weevil are coming from all over
the belt. These are offset by the Eu-
ropean situation and depressing con-
Japanese and Liverpool demand for Oc-
tober let's up, the market is likely to
sag.-Clevenburg 10 Clark G. Co.
New Orleans.--Waco, Texas, wires
steady downpour since midnight. Ter
rell, Texas says heavy rain all night.
New Orleans. owing rains
Texas and Administrations to Clark
g. Co,
New York European situation con-
fusing: traders buying on theory war
would bring better demand-Hubbard
to Reese.
New York.-Liverpool now buying.
New York,--The Texas treveler for
Weld wires his firm. from Victoria,
Wharton, Victoria, found boil weevil
very numerous around Rosenberg and
Wharton, not allowing cotton to bloom,
but on all prairie land crop is fair to
Found fair crops around Victoria, ex-
cept three times last years crop. Con-
tinued dry weather needed"
New oYrk-General liquidation caused
last decline in cotton.-Clark & Co.
Gastonia, n. C.--Mills in Gastonia
county representing 1000, 600 spindles, in
meeting yesterday, decided to continue
curtailEnent 80 l-3 to so per cent pro-
duItion during the month of August
FGnner g. Beane.
Forest, Tex.--Made personal inspec-
damage; weevil more numerous since
1907 in this locality: have had two-inch
rain last eight hours.
New York-Cotton market lower on
cables, favorable weather news and
selling credited to japanese interests
Private cables again report Manchester
buying in Livehpool.
Waco, Tex.-Slow, steady rain covered
most Central and North Texas, extend
ing as far east as Palestine. Indications
will continue very unfavorable.
New York Journal of Commerce says
decline in print cloths, sheetng and
convertibes generally has reached a
point where speculative lots and dis
tressed lots are competing for buyers
Whenever buyer can be found.
New York-According to reports
reaching Washington. the prospects are
for good Chinese cotton crop this sea-
son. The advices state that Chinese
mills are well supplied with stocks Of
raw cotton and instead of a scarcity
of cotton, as expected there will be
a surplus carried over into the next
season. particularly as the depressing
Japan and the accumulation of cotton
in the warehouses OF that country elimi-
mated the possibility of large exports in
that market.-Fenner & Beane.
Gainesville, Tex, wires: Rainfall Of
lilo inches here, and considered hene-
fetal. This is the first rain since July
49,
Dallas, Tex, wires: Rained all night
and still raining.
New York-Sterling exchange has i'm
proved a couple of points since the
opening, due to the better feeling on
the London stock exchange over the
Polish situation.
New Orleans-SAepard & Gluck had
the following wires Decatur, Ala, says
the crop is the most overrated in the
history OF cotton growing. Victoria,
Tex. says dry weather is needed.
Greenville, S. c., says farmers report
considerable shedding and worm dam
age. Terrell, Tex, says crop looks fine
but farmers are bringing in boil worms
by the hatful.
Asherton, Southwest Texas, wires:
Cotton badly damaged by dry weather.