The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-01-30
ROUND THE TICKER
Cotton.

New OTleans.--Exports will continue
large, on shipbOard New Orleans for Eu-
rope g, 900 vs.. 1900; az Galveston Jan.
e. 10000 VS. 80 900. In addition So
steamers due 70 arrive q Galveston
from foreign ports, many Of which will
load cotton,-Beer TO MeFhll.
New Orleans.-Itallan railroad strike
Is setued.-Beer.
New York.-Mitchell good buyer OF
July, with Liverpool buying new crop.
south and commission houses selling
Jung,
New Orleans-Census bureau Is ex-
pected 20 issue report soon deducting
quantity OF cotton grown in previous
years, but glnned and counted In this
seasons sinnlngs. Recently reported
statement would be issued at end OF
January.
London.-Bar silver SAID. down =.
New York.-opinion is crystallizing
here that there is no hope for Ameri-
tions.-Whelan to McFall
New York-Liverpool reverses itself
ana Is off about as many points as was
due TO be up. Another labor trouble
likely In England in the cotton indus
try and II the report OF mill profits are
true operatives win no doubt get any
thing that they ask. The prospect Of
NNiAhALNAA III NdiutS seems more distant
N view OF action Of steel corporation
Thomson & McKinnon.
New York Market firm without
much business; still acts short, but
south sells on bulges.-Cleyenburg.
New York.--Past week tried out, both
spots and dry goods; no weak points; big
short interest must cover, as futures too
low,-McElroy to Cotter & Turner.
New York--Shipping board announced
reductions averaging 5 cents hundred
on cotton to Europe.
New York--Small market, local trad
ers buying on decliHe expecting support
viii be given-Hubbard to Reese.
New Orleans.-Liverpool weakness
due unsettled foreign conditions. We
believe attitude spots holder South as
such to prevent any, decline OF conse-
quence. suggest purchase weak periods.
White TO Cotter g. Turner.
New York-A Worth street merchant
went TO his banker yesterday to see
about arranging credits on export bust
ness Just developing. The bankers ad-
vice was short and very much to the
point: Lay off,
Weld cables from Liverpool: Quiet
market with some continental buying
on the opening, after which II eased on
publication of operatives demand for
lVu per cent increase IN wages Match
81. This checked would-be buyers rath-
er than caused any weight Of selling,
AS bonuses over current wages are now
being paid We think an amicable ar
rangement will be arrived at without
strike"
New York.--Gold in London III: this
Is pence lower than yesterday. which
was highest, Foreign exchange quota
tons are to points apart between
ahp hiffnrant ho 1Eara idtenr1ariy Ia
the market; some of the weakness this
morning due to Secretary Glass state
ment regarding foreign credits.--Clark.
New York.--Western wholesale dis
tributors Of cotton goods says that jan
| uary was a record-breaking month In
usiness.--Pearsall.
New York--A press dispatch from
Brussels says: Speculation In English
exchange will be punished by severe
penalty under royal decree which will
be issued soon. CLARK.
New Orleans--Cotton goods continue
to show activity at higher levels on i'm
portaut lines. Secretary Of the Treas
ury Glass makes a statement which
shows the government to be opposed to
granting further credits to foreign
countries He takes the stand that fur
Their financing must be done by private
interests Shepard & Gluck.
New York,-No strong views: too dull.
but rather favor Liquidation on hulges.
-Gwathmey to Foster
New Orleans--Galveston and Norfolk
revised spot quotations yesterday and
low .mddling In Galveston was lowered
80 points TO the unheard of discount OF
800 points under middling. Norfolk
widened the discount on low middlng
by 100 points and low middling in that
| market now stands $50 points for mid
| ding. Higher grades were not changed
| in either market.---Shepard & Gluck
The easy late cables from Liverpool
were attributed partly to a threat of
labor troubles in Manchester, but the
English market rallied just before the
close and prices here turned steadier
late In the morning. Liverpool was a
considerable seller Of old crop months
early, but pressure from Wall street
and local traders was checked by the
steadier ruling of the stock market and
there was covering toward midday on
rumors of better prospects for early
action on the peace treaty. Reports
OF few offerings OF cotton goods at sec
ond hands also helped the rally. which
carried May up to 34.64, or two points
net higher