The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-02-03
ROUND The TICKER
Cotton

New York RuWOra persistent ihai
Liverpool viii ship cotton here for ten
der This operation being protiiahl'
bogausy Of low rate foT sterling "N-
change .--CieNtnbUrE
Llverpool-QuartrrN recount Liver
pool stock shows 1855 increase In
American and 1879 decrease M Other
kinds. total stock American 5000"
other kinds. s16t4i
New York-Spot houses Liverpool
offered MHrCh-JuB, traders expecting
some decline on sterling SO dow tuo-
bard 10 Reese.
New York-No particular news Il
stlil looks To bee trading market al
though II exchange does not rally "
other COMMUNICATIVE to Cotter
Turner.
New YORK. Bear raid checked. To-
Gals short Expect quick rally Neil
roy 70 Cotter Il Turner.
Liverpool cables In consequence
large stock. poor demand spots. long
liquidation further depression by locals
depressing March. DIs0nts steady on
fan in exchange,
New York wires: Gwathmey main
seller. Think probably Livermoro sold
about 10000 March taken by best pto-
pie. Mitchell hammcring now.
New York wires: Southwestern
houses brokers buying on basis 50 for
March.
Washngton-T total value Of farm
products in this country in 1919 rose
to the record amount Of SASS 100000
as estimated at farmers prices by the
United States bureau Of crop esti-
mates BY Tar the most valuable crop
is corn I.934, 600 600, or more than the
farm value Of all crops before 1904.
The cotton crop, Notwithstanding low
production in quantity and export dif-
fiCulties is next in value, with 81
959 O0O 600 for lint and S2,545O0O,ooV Tor
lint and seed
New Orleans Map indicates proba
bility rain western belt, rain central
and eastern portions Some cotton be
ing booked here for Germany ana
Spain. Beer.
London-sllyer SD, up L., highest
level Of record.
New Orleans-U nGeriying conditions
the one sustaining feature to market Is
the prevailing dlscounts.-Gluck.
New Orleans Further decline in TX
change and high money rate having
tendency curtati business, we look tor
trading market with moderate changes
would rather buy on good breaks
White to c. & r,
Business in spot cotton is at com
plete standstill farmers as well AS
holders in the interior refusing TO sell
at present prices.-S Il g.
New York-lf the devaluation Of for
| elgn currency goes any further IT
would become increasingly likely that
| spot holders will want to realize good
American cash and the best way to do
| this would be by tender of cotton on
| the nTpminp nngitlpp tutnTgI ThpTp-
| fore It Is more likely that differences
| between positions will narrow.-Clark.
New York--There has been some
| rather heavy liquidation and short sell
| ing this morning; fair demand, but not
| much pep: present discounts are
against the bear, but We don't like
market Understandings TO Foster.
New York.-Gwathmey's sales o.
| about 10000 bales this am. are said
to be for LiVermore, Contracts which
appeared to be absorbed by Harris Irby,
| of Liverpool.--Clark.
Naw York. Savannah wired local
| firm: Understand that several of our
! factors here are receiving instructions
| from holders of low grades to give OPP
| tons to American Cotton association at
| II cents for low midding 50 cents for
| good ordinary, 81 cents for strict good
| ordinary and IS cents for ordinary The
| urn FepUeu' interesting ana amazing
prices named are several cents a pound
| above recent selling value. Clark.
| New orleans, Exports from Mobile
today 1000, other ports to hear from
Stock on shipboard at Galveston Jan
| 81, 10000 VS.. $4,000 al New orleans
Feb, ,, $4,000 VS.. $4,000 last year
Beer.
| New Orleans Press advices indicat,
favorable action on peace treaty mex
week leaders expressing opinion treat!
will be ratified this month.--Beer.