The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-08-03
ROUND The TICKER
Cotton.

Cotton.
New Orleans-Foreign political news
uninvorable, but II New York traders
| selsing on prospects better weather they
are going TO be disappointed, as map
Indicates probably general rains cotton
1 region. especially In Southern portion
where weevll thickest.-- Beer 10 Me
Fall.
New York.--S. NJ Weld Texas tray
| sler wires nom Austin, Tex: Weather
mas been unfavorabie for several days,
scattered light showers reported over
| a wide area, not enough to wet the
ground, but enough to cause cotton
to shed and deteriorate. Fear boil
weevil Will increase over Eastern and
southern Texas aid fear hot winds over
western sections"
New York.--Short covering caused ad-
vance In cotton after government re-
| port which was little below private
| estimates. Fundamentals do not war
rant higher prices for cotton. We have
| experienced drastic declines in food
| products on Chicago board OF trade Is
1t not logical to presume that cotton
VIII nave TO bear its part In the nat
ural deflation going on in all COM
odities.-Weismann to McFall.
New Orleans,-World's consumption
| 10000 bales larger than generally
over being about 500, 600 smaller than
} generally expected. Statistically the po
sition OF the staple is strong and de
velopments in distant future in this
| respect will demand on size of the
growing crop.-Beer to McFall.
New York.--Condition of the new
Egyptian cotton crop reported favor
able, Market looks a sale, but would
sell only on sharp bulges.
| to Clark &c Co.
New York,--Cotton yarn markets are
very irregular and tire yarn mills still
| curtallment in New England being very
noticeable.--Hutton to McFall.
New York wires: The ticker says
that the Russian Polish negotiations
have been broken off. Favorable crop
news and tight money have caused
general selling"
New York.-Some Texas selling
unsettled condition stocks; scattered
Liverpool buying; trade very bearish
expecting good weather.-Hubbard to
Reese.
New OrIeans.--The market for for
eign exchange is very weak this morn
ing and is increasing bearlsh feeling
in the cotton market because OF its
probable effect on the export depart
ment Sterling exchange is off four
cents, TO 1861 francs are II points
down, at 74S, and marks are ga points
down, at 2.26.-S. & G.
New orleans,--The feeling is one Of
pessimism over general conditions and
since there Is no decided prospect OF
any appreclable change in weather con-
ditions the chance of any upitt OF prices
Is remote. However, the interest Is
such that any change would cause Il
substantial rally.--Schneider TO S. & @.
New York.--Heavy early liquidation
nllf 10 alNg n
material demand met by wave Of Liver
pool straddle buying orders on break
and tone now steadier,-Gwathmey TO
Foster.
Grain.
Forecast for grain belt: Generally
fair tonight and Wednesday cooler in
the Northwest
Chicago. Weather over the central
part of corn belt Is becoming more OF
q factor in the market. Rains are
wanted in Illinois and Missouri; this
may check declining tendency, but the
drought area must become larger ana
more pronounced before there is any
reason for alarm.-T. & NJ. to Clark
& Co.
Chicago. --Lecount wires from Chilli
Gothic, Mo, as follows; Corn looks
splendid about 80 per cent tasseled and
cared and will mature on time. Some
OF theearl lest in roasting ear now ~
per cent will require warm weather TIL
latter part OF September to mature,
Good rain last week and this territory
in no danger from drought but one more
good soaking rain is needed TO carry
the crop through.
Chicago wild says looks as if Cana
dian total will be lucky to exceed 200
or 210 millions with surplus of 40
to 1870 millions.
oil,
dry weather, reports of Canadian dam
age talk that wheat is at bottom and
the continued smaller corn receipts
Wild.
Chicago Contract stocks of corn in
public elevators in Chicago increased
1000 bushels last week and are 55O,-
600 bushels, Stocks OF contract oats
are 2s9, 600 an increase of $4,000 BUSH
els for the week
Chicago.--A change in sentiment ia
vorable TO the maintenance OF grain
values around the present level Tor the
time being at least was noticeable yes
terday among traders whose operations
count 1t brouhgt better feeling and
lessened the selling pressure. The
theory was that break of zoe in wheat
in Is trading days was enough for the
present, 1t being unprecedented. Cash
corn is off &c and oats 5Sc from the
recent high point.
Chicago. The visible supply corn is
about 80 per cent larger than the 10
year average and shipping demand is by
no means urgent. II there is any bull
motive in the situation it lies in the
crop prospects Therefore December APP
pears a better purchase than the Sep !
tember -Babcock to Clark 4 Co.
Chicago. For three days this weel, |
the primary receipts Of corn are run
ming at rate OF two million per week. |
a big drop.
Omaha wires some farmers in 7Ol
miles from Iowa say last rain made /
their corn crop safe Fort Wayne |
Ind, says corn improving every day
and looks big crop, Minneapolis wires
local mills buying some wheat today, |
looks like they have made flour sales, !
cash wheat now Is to 20 higher -Wag-
ner & Co. to Shepard & Gluck.
Chicago.-New York wires export
wheat stronger. gulf about cents
higher, rye sales past four days placed
at two million bushels. French adviCCs
here say will import ninety to one hun
dred and ten million wheat
Chicago Locals have turned to buy
ing side OF the grains Cash grains ad-
vancng. Illinois seriously dry. Map
dry in Central West. more spring
wheat complaints Some talk OF war
complications as a bull influence Large
corn shorts have covered. England aft
er wheat France and Italy may re-
qure 81, 600 O00 more wheat tHan eX-
pected. Canadian wheat damage now
admitted December wheat basis $2l0I
10 g II looks ut hnttom No Oat cx