The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-01-02
ROUND THE TICKER
Cotton.

Extract from American Wool and
cotton Reporter, issue Dec. Is, SAYS:
~ mere was any doubt previously In re-
gard 10 the fundamental strength OF the
cotton goods market Il should have been
largely or entirely dispelled because OF
tne developments during the week
while the demand is not exceedingly
large nevertheless it Is very persistent
AND Il appears 70 be q fact that more or
less generally n shortage of goods ex-
lists. The situation is so strong that
even moderate buying is responsible for
rather important price increases, con-
sidered from the angle that prices are
already unreasonably high.
New Orleans-Stock on ~shipboard
this year at New Orleans 100000 VS..
$4,000 at Galveston Dec. 90, lot, 900 VS.
$1,000. OF stock on ~shipboard at New
Orleans SO, 900 for Mediterranean ports
against 5000 one year ago, Exports
movement is general for all European
ports. The demand, therefore, Is not
from Liverpool and Manchester alone.
New York.-Liverpool reports busi-
ness on a very large scale with a big
continental demand. Speculative inter-
eSts here have been considerably re-
duced, but professional elements are
overton. Of MeFadden, to McFall.
New Orieans.-Don't think ripe for
sale yet. Peace in Europe likely Jan
6. Meanwhile January squeeze Liver
pool probably stimulates demand for
spots In South.-Barkduil TO McFal.
New orleans-Steady realizing sales
absorbed. Southern spots likely higher
today, perhaps much higher, n
chances demand viii show Improvement,
New York.-No news except seusa-
tional Liverpool; strength from abroad
likely force market higher In spite of
local and Wall street bearish sentiment. |
-Clevenburg to Cotter & Turner.
New Orleans.-The market has ad-
vanced In sympathy with the strength
of Liverpool, No attention has been
paid to the federal reserve boards
statement that the continued rise in
commodity price, the reduction in pro-
duction and the high. cost Of living are
regarded as forming a commercial men
a~ce.-Shepard & Gluck.
New York-opened too low, expect
further advance; sellers OF discount
months disturbed-MeElroy to Cotter
q Turner.
Notice posted that the New orleans
Cotton exchange spots and future BUSH
ness will be suspended next Thursday,
Jan. s. anniversary OF the battle OF
New Orleans.
New Orleans.-Liverpool contract is
as strong as is the American; nothing
below strict middling deliveries there
Liverpool class. II appears to be a
case In view Of the large stock in the
English market OF water all around
and not a drop to drink Beer to Nc
Fall.
New York.-Liverpool bought. taking
about last OF arbitrage shorts; January
corner Liverpool on grade: profit taking
on federal reserve %cautioning notes.
Hubbard to Reese.
New York.-The strong Liverpool and
their heavy buying here caused some
> shorts to cover, but failed to bring in
any fresh buying. Looks like steam
oM.-Jung, Of Hutton, to McFal
New York.-Dukinfield cables plenty
Of buyers, few sellers near months In
consequence OF spinners calling cotton;
Lancashire under order to capacity
Hubbard to Reese,
New Orleans.-After first Of year dis
bursements money markets should be-
come easier: holders OF spots will be in
even stronger position. We look for
higher markets.-White to Cotter g.
Turner.
New Orleans -Sensationally strong
Liverpool and belief in their strength
reverting to American markets with
early demand spots causing ADVANCE
Fenner & Became to Gustafson,
Savannah, Ga, wires: Savannah starts
the new year strong: exporting today
80. 700 bales to Liverpool and 1000 to
Japan.
New O~rleans-It Is formally an
1ounced BY the railroad Administration
rh1f the freight embargo against New
Orleans has been lifted.
New Orleans-The market is doing
better o. the large exports for the day,
Texas City clears 81 500 bales, bringing
shipments up TO 81 500 bales against
5s.Ssi this day last year.-shepard &
Chuck.
Augusta, Ga. wires: Rampant de-
mand for spots.
Grain.
Chicago--Hog market opened steady
TO stronger at yesterdays average.
Average price yesterday was $l4,39,
against $lT.74 a year ago.
New York-There were no deliveries
OF cottonseed oil on January contracts
on Wednesday. The total so far has
been 1900 barrels. but It Is generally
believed that deliveries will be rather
heavy before III emonth expires, Con
Stunning demand has been only fat
OF late and now with the holidays
over IL remains to be seen whether re,
cent predictions Of a better domestic
trade will develop. Supplies of refined
crude oil are very liberal. This fac
and the fact that the market has ad
vanced three cents n pound withou
any reaction at all to speak OF hal
va IN lAA1A z AbNNA SUI ll EGIltlllltIl
In many uuarters-McFadden to Nc
Fall.
Forecast. Illinois, Wisconsin, Mime.
sofa and Iowa-Fair tonight and Sat
urday, part cloudy and rising tempera
lures; balance generally fair tonigh
and Saturday, rising temperatures,
Chicago little selling of corn o.
bulge. Ticker say the local elemen
Is inclined to be rather bearish on corr
HIT M nPaRHDrA nm the maFkaf avnan
from local traders. Country offering
OF all grains reported light. Shipping
sales OF oats limlted-Wild to S. & G
C~hicago--Ilght scattered trade il
corn. Offerings do not Increase. Pro
visions steady with a few trades Il
u lard. A few contracts January lard o.
the market, otherwise 1t is strong
Babcock TO Clark & Co,
Memphis-Receipts: Corn 80, oats II
hay 5S and alfalfa meal l6 cars.
Hog Receipts-Chicago, $4,000: Oma
ha, $500; Kansas City. 5000: Siou
City. $500; st. Joseph, 1000; st, Louis
1900.
Chicago-Receipts- Wheat. $4,000
corn, 302, 900; oats, 22s, 900. Shipments
Wheat, 100, 900; corn, 1919, 900; oats, 1853,
900.
st. Louis-Receipts: Wheat, $1,000
corn, $4,000; oats, $50. 900. Shipments
Wheat, $4,000; corn, $4,000; oats. 100,
600. A.
Chicago New York news burea
says Washington authorities have or
dered empty grain cars into the Cen
trail West.
Chicago-MinneapoIis message say
corn from that territory must find a
outlet in Chicago and Southern mar
kets as demand from the West Is file
up.-Babcock.
Chicago-Clearings: Wheat, 226.0 90
VS.. 347, 900: corn, II. 900 VS.. none; oati
1870, 900 VS.. $4,000; flour. none VS.. 125,
900; wheat and flour, 236. BOO VS.. e0l. 00t
Chicago-Primary movement Re
ceipts: 1925, 600 vs.. 1851. 900 last year
corn. 1897, 900 VS.. 6S5. eco; oats, 1910
We. 10000. Shipments; Wheat 744.0C
VS.. 649, 900; corn. 676, 900 VS., 304, 900; oat