The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-01-15
ROUND The TICKER
Cotton.

ing March. Wall street stin bearish,
cautions. but waiting excuse TO SELL
McElroy to Cotter & Turner.
New York-Although the higher
grades Of cotton are scarce and firm.
the less desirable grades, particularly
In some parts OF Texas, are offered at
some decline. Runners that Europe,
especially the continent, would buy two
nllion bales OF low grades from ordi-
nary TO low middling have not been
confirmed. Many feel the intrinsic value
OF cotton itself Is not touched by out
side events. They believe that in the
end validity Of the bullish argument
VIII make itself perfectly plain and de-
clstvely effective IN directing the course
OF prices uTward-Journal OF Com
merCe.
New O~rleans-Labor disturbance In
Germany and high o rate having
tendency to check buIish sentiment.
may have some further reaction, hut
strength spots should sustain market.
We suggest purchase on breaks.-Whlte
to Cotter & Turner.
New York-Outsiders sold. then local
traders bought, expecting sharp recov-
cry. Outsiders affected by belief re-
serve bank high rates against specula-
tion.-Hubbard to Reese.
New York-Thin; eventually much
INV 'INNp NlA'N to IN
fast, stronger In face Of break. De
mand from spot shorts insistent for
better grades.
New Orleans-Liver9ool cables to ef-
rect English railway men have accept
ca governments prnnosal to settle
threatened railroad strike.
New York-Cottou goods and warns
very firm today. with a further rising
tend ncy. Buyers are making gag
ments through to July and In some In
Stahces TO the end Of the year.
New Orleans-Report said to be tue
Japanese interests bought 5000 bales Of
Beer to McFall.
New Orleans Today is the last day
IN the last of the regular semimonthIy
ginning periods Of the season. The fig.
ures are due Jan. %.
New Orleans-LocaI spot mon sav
mat Italy already is taking hold Of
new crop cotton.
New Orleans-Spot people say that
safes here yesterday after hours to-
tailed 1000 bales.-Shepard & Gluck.
Exports from Galveston alone to FL
rope today b, 600 VS.. only 5000 all mort
this day last year.
New Orleans-Last season japan took
OF. American cotton 500, 900 bales vs.
100000 season before last. To last Fri
DAY exports from United States To
Japan were only log, coo against 22O, O0C
one year ago but as trade in Japan is
excellent their takings remainder Of
season likely be higher than after thi.
date last year, OF late Japan has been
good buyer in this market. There is ON
~shlpboard here for Japan 10, 900 bales
vs.. none this date last year.-Beer tr
McFall. ~
New Orleans-Demand sterling 3.7lI.
down lkc; marks, 1.SS: francs, cables
ii.5o London silver, 79d, down 91ad-
Beer to McFall.
New York-Ticker says Gov. Hard.
ing denies that there will be an i'm.
mediate increase in discount rate by re.
serve banks.
New York-A spot man just back
from Fall River says only able to sell
hundred bales in two weeks; cotton
bought last fall now pouring in there,
this talk checked market.-Hubbard tc
| Reese. ~
New Orleans-Japancse buyer saws h..
bought another large line of hedged
cotton yesterday evening here.-Kofler
New Orleans-Government forecast
indicates rain for Texas. Market will
read this bullish. Anything likely &c
create the idea Of delay will cause b1ll-
ish tendency. Think market purchase
on breaks,-Kofler.
New Orleans-Spot people say tina,
Carolina mills are taking hold OF thu
low grades in a large way and are buy.
ing as low as good ordinary. Recent
sales o. low grade cotton have ranged
from rs to 81 cents.-Shepard & Gluck
New Orleans-Market stimulated by
favorable Washington news indicating
early peace ratification, Indifference OF
spot holders to declines, some domestic
trade buying n confident political ca
bles; continue favor buying on good de.
clines.-Newburger & Co. to Foster.
New Orleans-The market Is risine
again because large sales and higher
prices are expected when spots arr
posted. Shipping people say that an
American steamer Is loading here fol-
Genoa which will clear with "a, 500 bales,
the largest cotton cargo ever heard Of
Shepard and Chuck.
Grain.
New York-Consuming demand for
cotton seed oil continues very slow. De.
mand for compound lard Is poor. Vege-
table oils We're in very poor demand
yesterday again indicating that the
edge is off the market and leading in.
t%erests were predicting lower prices
Wollman to McFall.
Chi,o o.
th ou nrrs mooCruuniet Says ORDERS IRON
me gram CORPORATION TO use 20 per cent
| against higher prices for other gTains
Shipments for exports to seaboard viii
be badly crippled.
Chicaro-Prevailjnp nrlces for food.
| stuffs and surplus of monev in ~,
country appear very inviting to otbe,
nations. Newspaper items tell US Of
corn and Danish ana Argentine hutier
| There is a message Here Offering 100 Oi(
barrels of Canadian flour How Ions
Will food and commodity nrices hold nj
the present level with other nation,
shining to us and with our ackIowL
edged surplus of our W goods Bah
cock to Clark d Co.
Primary Movement Receipts: Wheat
7S4, 900, VS.. 900. 900; corn. 65l 900 vs.
| l.2iS.OOO; oats, sos. coo. w, 62l, 900, shin.
ments: Wheat, sea. GOO. VS.. $50. 900: corn
5'5 0o0. vs.. 500, 000; oats, 5S4. 00o, vs.