The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-08-11
ROUND The TICKER
Cotton.

OF 4.l.
New Orleans. Weekly crop reports
fairly good on the whole-s, a G.
New Orleans. -Gwathmey wires from
New York: The market turned strong
on numerous crop complaints owing
10 rains and weevils. Texas wires that
receipts are light on account OF rain.
Ada, okla. Thirty miles country
northeast today. Recent rains did cot
ton good, been shedding badly. bloom
ing at top. Don't look for fruit enough
size stalk. don't need any more rain.
Cloudy, threatening. tonight.
Marion, Ala--Four inches rain,
creeks out of banks, cotton rotting in
New orlesns.--Texas wires rains de-
laying movement South Texas, moth
ing Offering. Country short. Beer to
New Orleans-Favor buying cotton
outlook for continued bad weather and
less favorable crop accounts. Ring
buying here.-Beer to McFall.
New York.--Carpenter & Co: Am
biuous shippers have sold considera Bile
hish-grade cotton from early section
OF south Texas. and as the rains have
reduced the grades materially they are
now competing with each other for daily
receipts, thus raising local prices and
incidentally stiffening futures.
New Orleans.-0vernig records show
very bull!sh conditions with the most
general rainfall in a long time. Heavy
rams many localities. Considering bet
ter political news and very bad wealth
err. chances favor sustained or higher
markets.-Kofler to Clark 4 Co.
Liverpool cables: Political situation in
Poland distinctly better Market healthy.
less for sale,--Hubbard to Reese.
New York.-Liverpool good buyers on
better political and poorer crop sit
uation.-Hubbard
New Works.. H. Weld and COM
pany's traveller wires from Austin,
Texas; Weather clear and fine. Too
much rail- has fallen over southern
er, damage will not be heavy. Rain
will be beneficial from here north and
west and more rain needed all over
Western Texas.
New orleans.--Looks like recent up
turn was carried too far In face of
European situation and today's weekly
failed to confirm bullish ideas based
on weather considerations" -Fenner &
,Beane.
American Cotton association Is out with
condition of So per cent OF normal
against 76.2 toward the end OF July.
New Orleans.--The market is still be-
ing held down by selling encouraged
by the weekly reports on the crop.
Longs are letting go. At the same time
private reports tell of too much rain
In the interior and increasing damage.
Greenville, Texas. wires farmers report
increasing worm damages. & G.
Grain.
New York wires: Fifty thousand num-
Der three white oats worked for ex-
port late yesterday. Local interest
working on more. Offers small.
Chicabo: Price Current weekly report
on corn not distinct as to extent and
value of recent rains. Warm weather
required to mature before frost.--WiId
to S, e. g..
Bromhall. - Reports from Germany
much below previous years figures.
The rains continue throughout Western
Omaha wires: "A little dry in some
parts OF Nebraska and Western Iowa.
but corn never looked better. There was
rain here this a. m. and looks like
more.
Chicago. Cash corn is selling ten
cents to twelve cents over September
and 81 cents to "a cents over Deem
Der. with no evidence Of any increased
movement Market has had full in
tluence OF recent rains and crop esti-
mates, and is now commencing to
recognize the cash premiums, also the
possibility of some unfavorable weather
For a time the buying side offers oppor-
tunities.-T. NJ. to Clark & Co.
Chicago.-Feature in corn is absence
offerings. Demand is from commission
sources but widely scattered and not
large. Trade Is light and market nerv-
ous.-Babcock to Clark & Co.
Forecast-Showers and cooler weather
is forecasted for entire grain belt ex-
cept the Dakotas where warmer is
predicted.
Chicago Weekly report shows corn
needs rain badly in most OF Illinois,
Western and Southwestern Iowa, East
ern Missouri, South Central Kansas,
part of Oklahoma, Ohio and Indiana and
fron Wisconsin westward. Condition
cent showers occurred.
Chicago news firm. Corn
receipt small and 20 per cent of the
corn acreage very dry. A few small
sales Of oats for export. Bulls predict
light corn receipts for August. Spring
wheat crop looks a cut to $4,000, 900,
Indiana provision authority says
the provision situation is just
one OF waiting to see II hogs can sell
at 10 cents to be in line with September
pork at $25.0O.-Wild to s. &.
Chicago New York house reports
about 10000 Argentina corn sold there
at $l.17ha and industries after Argentina
corn.