The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-03-23
ROUND The TICKER
Cotton


New uTlcaus-Mora private reports OF
some rain over North and East Texas,
Market reacted on some New YORK
udyiges suggesting diminished stress Boz
March option--koiivr 10 Clark a Go.
New OrIens-Maruh squeeze New
York, including further active cover
ing old crop shorts weather favorable
aud trchn cal position westkened.-El-
lis & Co.
New Yurk-Rcalizing at advance Is
evident; tho March situation Us in class
by itself, under ordinary conditions
market should sell of today.-Hubbard
10 Reese.
Greenunc. $. C.. wires Weather
conditions now good: farm work re-
sumtd. fertilizer sales very large.
New York wires: Cotton goods firm;
yarns very firm
New Orlrans-LoCH factors report
poor inquiry for spots here today, and
willing 70 sell al quotations, nUtwlth-
standing further advance In futures.
Favor realizing on long contracts as
March squeeze New York only sustain
ing feature, that option about lquidut-
ed and viii expire Thursday Reported
raining North Texas considered bene-
| fetal as Is dry weather eastern belt
| Beer 10 MCFall
Trading in March will close in New
York March 25. in New Orleans March
New York-Heavy covering Of July
| this morning. Differences between old
| and new crops to widen further Jung
! to McFall.
New York-March longs not afraid
| possible twenty-five dollar margin call,
but now on stop basis; think top all
months. -McElroy to Cotter Il Turner.
New York; Weather outlook for
| South favorable No cotton news this
| morning. Market stin dominated by
| congestion In the near months, espe
! cially March, Shorts are helpless II
| longs demand their cotton; would only
4 buy on sharp Setbaeks and trade only
in the new crop positions --Clevenburg,
New orleans-Foreign news is un-
| favorable, as strikes and disorders con-
tinue to spread In Germany--S, & q.
New Orleans--The market is rising In
| sympathy with the wild bulge in
March, New York. Private reports tell
| of rains in Texas, where moisture will
be very benefiCiaL-S. g. q.
New Orleans-Strength Of near posi-
] ton in New York caused nervousness
and prevented selling by those bearsh
on European situation, Shorts have
| covered freely, which weakcns techni-
lEal position, We prefer long side on
any setback.-W and White to Cot
| ter N turner
New York wires: Very steady mar
ket with March pulling the rest OF the
| market up ward We expect a down
ward trend soon as March is out Of
the way"
New Iork--The squeeze in March Is
causing uneasiness among shorts in
i May and July.
Shearson, New York, wires: Be
| lieve belated March shorts still have to
| cover"
Liverpool--Market eased on Man
chester selling and local traders ham
mering
New Orleans-waco. Texas. wires.
People in from West Texas say pick
every day No demand for low grades,
of which there are large stocks. Ten
| dency Is to increase acreage, but this
will depend on weather and labor
s. & G.
New Orleans--Weather favorable. but
market higher owing March squeeze
| market likely to react downward again
No exports all ports this date last year,
Beer
New Orleans, Market uuieter. all
eyes on near positions New York for
some possible drags yet but dlsposi-
ton is to look for more lasting reaction
and hulges will meet freer selling.
! kofler
New York-Cotton market act as
though urgent demand this morning
from shorts and Liverpool satisfied for
the time being.-Jung to McFall.