The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-12-30
ROUND THE TICKER
COTTON.

poo holding the bulk OF the short AMI
-Fenner q Became to w. q al
New k.--Traders afraid 10 follow
W market today. but there is the he !.
SiaI s OF a better feeling in finan
ment buying. Hubbard to Reese
New Orleans. buying January for
sIahsler yesterday main cause. of
Strength; short covering NAV ca1IsF fur-
.ner upturn, but without any CHANGE
paslc conditions believe difficult hold
Tnpr Isnennt.INewburger & Co. to
80 ,nerpool cables: Spinners short of
'o..on' out unable to finance purchases.
New York reports 20 notices out.
New orieans-New York cotton goods
h a,tSet SHOWS Improvement, demand
future lueure' Heavy trading in bonds and
COCKS indicates gradual return of con
iluenee.--Beer TO MeFall.
NEW fork.--Eiverpoors big buyine
auu Januarys strength dissipated a
good deal OF the Tuesdays gloom. In
N,iestment buying March increased no.
sh vepg' Ihere is said to be a large
snoTt interest here In January for Liv-
erpool and home account. Japanese in
teEests We're supposed to be selling sum
iner and fall months heavily.
of Commerce.
New Qrleans.-Cables and covering
over holidays probably govern course Of
values today. Yesterdays action of
market tended to confirm belief large
snort Interest exists Sentiment re-
mains divided, with shorts disposed to
cover over holidays. Big shorts, how
ever, not expected to cover until after
the new year. in order to defer income
tax payments before end Of this year
Beer to McFalL
New Orleans.-The Manhattan Shirt
company announces that Ii will make
a permanent cut In prices Of shirts of
90 per cent on Jan. 4, This is one of
me most important moves yet made In
the dry goods trade, for II will force
general movement among all shirt
dealers to cut prices. Such cut by
such concern should result in enor-
nous buying of shirts by the public
s. & G. '.sE11's +
New York.--Babson is out with a
circular advising purchase Of stocks for
first time in year will do much to
change sentiment in North and East
S. 7, Hubbard to Reese.
New Orleans.-The Bank of England
statement Is unfavorable, for while the
discount rate is unchanged at 7 per
cent the proportion of reserves to la
blities has fallen to 7.30 per cent
against 7.76 last week, when it was
considered very low.--Shepard &Gluck
Liverpool cables: Weld bought and
Zerega sold.
New York-The South has it in It's
power to put, cotton to 80 cents in 30
days In spite of present poor demand
and credit problems. They are Ger
tainly sleeping on their rights and the
adVantages.--Shatford.
New Orleans.-Eas ier owing some
seiilng on unfavorable statement Of
Bank OF England as regards reserves
IN proportion to liabilities, lowest since
1908. However 1t was almost as low
last week and will likely build up-again
IN the future,-Beer to McFall.
Gram.
Chicago, Wheat on passage to Eu-
rope shows decrease for the week
Of three and half million bushels.
Minneapolis wires: Excellent milling
demaid for wheat here last night. x
large mill sold flour to New York for
tirst time in 60 days.-Rosenbaum
Chicago-Reports from practically ev-
cry section show an increase in milling
demand for wheat. This has inspired
the strength in wheat.--White to Reese
Chicago.-Some talk of further Gov
ering by December grain shorts. The
friends of wheat points to United States
exports OF around 200. 900, 900 July l
to Jan. l. December grains coptrol the
market today and Friday.-Wild,
Chicago.-Wheat market firm on the
light receipts and steady stock market
Only 2S4 cars at Minneapolis, Duluth
Omaha, St. Louis and Chicago; also
Winnipeg has s62.-Wild to $. & G.
Chicago. have taken SO
much wheat from the country that mill
srs will probably have to pay premiums
everywhere. Cash position is growing
stronger and market is commencing to |
recognize that sales, induced by fears |
n the business world must be filled by |
delivery Of something other than senti- !
Grain Belt Overwhelmingly fair |
onight and Friday, not much change |
n temperatures. ~
Chicago. --Some of the larger commits |
zion houses bought corn. Market re- |
;ponsive as offerings limited Wheat |
allied in sympathy.-Bab to Clark
{ Co. a-H
Chicago.-Deiivery on December today |
1000 wheat. $4,000 corn, 165, 900 oats,
20, 900 rye and 5000 bushels barley.
Chicago. Following from Wichita
dill and Elevator company; Wichita |
Falls, Tex-Some signs OF Improvement
n local flour demand in Southwest. A |
title flour business would start mills to
,uying wheat freely. phe above COM
ANY is one of the largest in the South
vest,-Rosenbaum Grain Co.
Topeka.-The growing wheat crop
vas damaged only slightly by the recent
old snap, which took the temperature |
own to zero and below in the north
entral and northwestern counties of
Kansas during the last week, says the
weekly report issued today. There was
lenty of moisture stored in the ground
or wheat, and the damage to 1t from
he cold was comparatively slight, even
where 1t was unprotected.-News to
icF'all.
United States continue at a record rate.
)ffic!al clearances in November were
0. 9S9 COO bushels, compared with 23,-
90 900 bushels last year, and from July
to Nov. 80. were l72, 900 yes. 49,
90 600 bushels last year. The bureau
( markets reported actual cle9rances
( wheat last week, exclusive, of flour,
t 5.72l, 900 bushels from all ports
'ribune.
Chicago.-It develops now that the
orn reported sold for export is now
I lake ports. Interior markets ars
the Chicago market,
Chicago Forty thousand corn sold
or export from here this morning.
IabcoCk
Stocks.
New York.-Passing of dividends and
wages has become a daily
ews item and this is what is making
he market situation sound. The bear
,hness was in the anticipation rather
han In the realization. Judge Gary
eclares encouraging picture but pre-
ents II in a rather gloomy frame, His
Jews, however, are round .-Ettelson 20
lark a. Co.
$UGhS
NEW YORK. Dec. 3O.--No sales were