The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-01-03
ROUND The TICKER
Cotton.


New York Quiet. Liverpool bought
July. traders bullish; many warnings
about extended credit situation in pa
pers.-Hubbard to Reese.
New York-COnditions are such that
ever a difference Of normal carrying
charges on late months is too much.
Cotton contracts for distant delivery
looks like an exceptionally good pur-
chase.--5later to McFail.
New Orleans-Liverpool bought; trad
ers bullish. Many warnings about eX-
tended credits in papers, Big loan to
Great Brttain,-Beer to McFall.
New York.-A short interest here as
well as in the English market keeps
the strong and apparently headed for
new high levels, The farmer Is wisely
selling his cotton. He Is satisfied to
pass the load on to others. The into
sight for the week amounts to so, 600
bales more han for the corresponding
week last year. The visible supply Is
|, zoe. 900 more than last year. As soon
as this present buying movement has
run its course. the last buyers holding
contracts and spot at the highest price
on record may see the hight at any mo-
tnent and start trouble,-Ettelson to
Clark g. Co.
New York.-Liverpool and trade n
orally are best buyers; as long as these
conditions continue, can't see any hope
for lower market.-Billy Schill to Reese,
New Orleans.-Rumors spot demand
In South is enormous,
New Orleans clears 10, 900 bales and
Savannah l,l83. There were no exports
this day last year.
New York-Spot basis reported some
what easier; might take profits replac-
ing lower,-McElroy to Cotter & Tur-
Rer,
New York.-Everybody bullish, with
credit situation strained almost to
breaking point; have not changed my
views; all takes tines. T. Hubbard
to Reese.
New Orleans.-washington says that
progress is being made toward a COM
promise on tine peace treaty in the sem
ate, Weekly trade reports tell OF an
enormous business being done In nearly
all directions with production tagging
behind demanG.-onepard & Gluck.
New York.-Good demand for spots
at advancing prices. Liverpool buying
here; offerings light and scattered. Mar
ket has strong NEUTRALITY-SUSPICIOUS.
to Cotter & Turner,
Chicago. Marshall Field & Co, in
their weekly review Of the dry goods
trade, say: Current wholesale distribu-
zion of dry goods was far ahead OF the
same week a year ago, deliveries con-
tinuing In large volume to theSvery end
of 1919. About the same number Of
customers were in market as during
the same week a year ago, The volume
Of orders from statesmen on the road
for both immediate and future delivery
was much in excess of the same period
a year ago. Collections were excellent.
Grain.
New York-Crude oil again sold at
90 cents and rumors were current that
within past few days some 10000 bar
rels of crude had been purchased. The
buying of crude was credited to pack
ers and refiners who it Ia believed were
buying against export sales. Sentiment
In oil quarters Is rather mixed. Most
Of the professional crowd are inclined
to the bear side, while conservative in
terests retain their bullish attitude and
some Of these interests have been per-
sistent buyers of futures OF late, They
predicted a 2O-cent crude oil when the
market was around Is cents and this
having been realized they are now pre-
dieting 21-cent crude. The entire grease
situation with possible exception of
lard has strengthened materially within
the last two weeks and not only cotton
oils but other greases scored good ad-
vances.
Chicago-Average price OF hogs yes
terday $1447; last week. $13.56; last
year $3.50, Opening 15c to 25c higher
than yesterday.-Clement Curtis & Co.
to McFall.
Chicago-Duluth says: Know of $780,
900 bushels rye worked for export
Wednesday, 250,0 900 yesterday. Must be
four million this week.-Cleinent to NC
Fall.
Chicago-Action of, the corn market
was not what the bears expected from
the weak close Wednesday. Cash buy
ers took hold more freely, all the indus
tries being the in market for spot and
TO arrive and shippers were also taking
corn. 1t was said that a few of the To-
cal professionals who have been bear
ish had turned to the bull side for the
time being. Cold weather will increase
consumption on farms and delay the
movement of trains.-Tribune.
Grain Belt Forecast: Generally fair
and warmer.
Chicago-Prospects for larger receipts
of corn are regarded as better than for
some time. 1t Is understood there will
be considerable number cars distrib-
uted owe a number of lines in the West
the coming week.-Wild to Shepard &
Chuck.
Chicago-Southern Illinois repohts
farmers selling oats more freely than
for some time,-Babcock.
Chicago-Country loading of oats is
increasing more rapidly than corn. 1t
Is reported that there are fair accumu-
lations OF loaded cars both corn and
oats at nearby points awaiting motive
power.-Babcock to Clark & Co.