The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-03-03
COTTON MAREETS

Wednesday Afternoon, March 8
Without any fresh influences Of con-
luence prices IN the speculative de-
Ft&ent Of the market assembled fur
ID today, although In Liverpool more
dictionary tendency was shown. To
70 other things, however, there was
Hspect OF a bad spell OF weather,
Gch seemed 10 give some stimulus
ithe anxiety OF the shorts COnfirma-
Of yesterdays rumors that the al
commission was looking with favor
efforts 70 provide credits to Ger
my and thereby help in the process
rehabilitation was favorable and per-
ps was one OF the influences. In
he quarters the weakness in Liver
b. attributed in a measure to the
hsh In values OF Egyptians, was
bught reflective OF their large stocks
ID the other an excuse rather than
hson.
March shorts were still showing their
bundled heads and covering as best
lev might, while those in May were
lsy also. Even the July position,
hose discount has been something
ormous, were to some extent awak-
led from their state of lethargy or
ntentment and displayed more dis
Isition to get ready for a fate that
bny think will be similar to that of
lie shorts In the other old positions. The
tmness reached the new crop months,
lt in less measure, the weather pros
cts being one factor in inducing some
lying thereof
liverpool did nothing startling and
ts irregular, but finished steady at a
lin of 10 TO decline Of % points,
bich was distinctly worse than what
nas due. Spots were marked down rs
nd nnlN hglRG
cluding $500 American. Receipts for
lie day were 10000 bales, including
400 American. Private cables said
lat Manchester was buying little and
pst of the support came from the pro-
Esional element.
IOpening trades were at some recess
bn from the previous close, for the
kather map for the past "a hours was
liter than some expected and cables
hre poor It was presumed that the
brst was over for the moment and
lat some rest would be had for the
manning shorts. May started at S5.35c,
drop over night Of q points, but the
bttom was 1880, and after that the
mdency was upward. March was not
kry active, but May was and the latter
lid up as high as 3595c in the after
bon and was well supported at the
Igher level. Nothing from the spot
kpartment encouraged pressure and II
lemed only case of when the shorts
build quit trying to cover.
1.-The weather map showed big low
kessure barometer lying in position to
ling unsettled weather and colder,
nth possibly snow. within the next
l hours and this stimulated strength
he market seems entirely under the
kadow of the squeeze, yet the bis
kcounts discourage pressure on the
her positions.
EFor the day clearances were fairly
Navy. New Orleans alone shipping out
kout 10000 bales but a threat Of
Hntinued labor troubles at that por'
As not favorable to the outgoing
byement. The spot demand continues
An the same characters OF cotton thai
'Wse been wanted so long, which are
b scarce and firmly held, but those
Tho have the low grades are pinnine
Nth to the hope that as they become
Exhausted demand will turn to th'
knds that are very plentiful. New
klsiness for the spot man continues
Farce, but holders are not worrying
FIXTURES closed 36 to 2 points up; ton
keady. ,.-
New Orleans closed to 81 points up
Bne steady. ,,,,, =
h. Soc, with sales 995 bales. =
Liverpool is due to come ~ 10
Ioints up.
In the local market sales. reporte
kere $3.50 bales and quotations Wer
Unchanged; middling at SSc