The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-07-29
ROUND The TICKER
Cotton.

"Ncn pEh'--1OHNl1enlhl spinning IN
terests are reported to be optimistic
as to general outlook, although they
do want financial help from America
in the matter OF credits. In Manchester
there was fair business in yarns and
cloths were steady A good demand
pool There is = noticeable preponder-
ance Of bearish sentiment here, but
this means that there Ia tendency
to oversell.-Journal of Commerce.
New York.-Liverpool reports a de-
cline in their market although an ad-
vance was due. Weather is generally
favorable. The general outlook both
for crop and business is bearish but the
sustaining element here is a good sized
short interest. Therefore, would avoid
selling cotton on breaks.-T. & NJ. to
Clark & Co
New York.-Liverpool cables: Tween
ty-seven mills staple product closing
IN Blackburn district; $4,000 looms
closed.-Hubbard to Reese.
New York-Mitchell and Bartlett are
conspicuous buyers on all soft spots
this morning, supposed be for Nc
Fadden. The textile trade news seems
10 get worse daily,-Sanders to Clark
& Co.
New York.-Supporting October posi-
ton; looks like market do better
Hubbard to Reese.
New York.-Eurther covering before
report; expect STEADY market without
much change.-Hubbard to Reese.
National Ginners revised its figures
OF crop estimates advise will use 2SO
pounds to acre as basis to figure indi-
Gated crop instead OF usual 234 to 241
pounds, Explain that change made be-
cause OF weevil Says his figures indi-
Gates crop Of 1870, 900 bales.
New York.-,Market small. but easier
on lower cables, continued favorable
weather and London reports of closing
some Englishamills owing dull business.
New York.-Weather this morning
favorable. Liverpool weakness at
tributed to Southern fixing &
Beane.
New Yoik.-Cha. lotte reports a good
demand for the better grades of cotton
Dut poor demand for off grades with
mus entirely out OF the market. Provi-
dence, K. l., cotton mill men say that
unless business revives very quickly
their mills will soon join the wooden
ana worsted Industry in tsilmcnt and
shut doWns.-F. & r. to w. & G.
New, York.-Goverpor Harding, Of the
federal reserve board, declared in an
the situation in the Middle West was
much improved and that the crop
movement had started in far better
fashion than was thought possible a
few months ago. He attributed this
mainly to the speeding up of transpor
ttghtness being due to physical and not
financial causes. The old crop, he
said, was being moved out satisfac-
torily. clearing up the situation for the
newcomer & Beane.
New Orleans.-Detailed government
record good deal of rain over South
Texas, Louisiana and Mississippi Such
weather conditions and continued cloudy
weather will cause deterioration. Ad-
vices from Alabama say crop deterior-
ating from intense heat in daytime and
unusually cool nights, some bad she'd
ding reported.-Kofler to Clark & Co.
Chicago. Reports of our correspond
ents show a general average improve
ment In the condition OF growing cotton
during the past month. The average
Is three points below ten-year period,
but six points above last year. Con-
dition is given as 70, which compared
with 70.6, our report, ard 70,7 govern
average yield, the condition and acre
age indicates a crop of 1900, 900 bales.
Clement, Curtis 4 Co, to McFall.
Grain.
eapolls.-Vandussc Harrington
says; We win not have a bumper
wheat crop but an average. There will
be quite a range In the quality
Chicago. - Lecount reports from
Bradley, S. D.: Rust developed alarm
ingly past ten days, this territory
nearly as bad as last year.-Wild to l..
& G,
Chicago-New York wires us export
cents lower, Weak exchanges against
trade.-E. w. w. & Co, to S. & G.
st. Louis wires: One broker says
worked 100, 900 bushels wheat here yes
terday for export and still working on
some. Understand others also have
some inquiries.
Chicago. Wheat, oats, rye and bar
ley have about arrived where the crop
killers will have to lay quiet for an
and all turning out away above any ex-
pectations OF even the bears. Corn is
above normal with highest condition
and prospect of largest crop on record.
There has been plenty of rain every
where to carry the crop to maturity,
dry hot weather is just what crop Is
needing, but II is to he expected that
some OF the big shorts who have Gov
cred will try TO put something to get
prices up until they can replace their
short lines again,-O' Brien to McFall
Bartlett Frazier says; Our travelling
man lOuIu Nbl II llIlb bduly at MI.
Pulaski, Ill, territory yesterday. Rain
must come in next few days or crop
will be deeply cut
Chicago. - Cromwell of Wagner &
Co., wires from Devils Lake. North Da-
kota: North Dakota not TO get the
crop looked for, Will do well TO make
about 70 000, 900 wheat Lots OF light
barley and oats showing since began to
cut,
Chicago. Middle Illinois doing some
talking about dry weather hut there is
only very small percentage corn
acreage at all in need Of rain yet
r. & NJ
Grain Belt Forecast: Generally fair
tonight and Friday somewhat cooler in
Illinois, Wisconsin and Minnesota,
warmer elsewhere.
Local crowd and elevator interests
still working for further advance in the
grains and are helped by these sec
tional dry weather reports. Market
can work some higher easily as short
interest is large, but see nothing yet to
warrant va, rant, changing sGbng position on
Chicago Geo Lecount wires from
on in this territory; some saw some
late fields that are almost totally
ruined, but the earliest wheat will make
a fair crop, think about IS per cent
OF the crop mere VIII yleld from IL
to IS bushels per acre Of more or less
shrunken wheat. conditions here are
better than expected The cool weather
saved the crop, all grain ripening fast,
Chicago.-Ofncial figures on Illinois
rainfalls since June l. OF only l,2l
as compared with a normal OF 6.64, is
RttCaCting attention and creating ap-
prehension in Rosenbaum CIR. Co
Chicago, December wheat was $2.75
and now 81 "a Cash wheat broke II
cents In Chicago yesterday; flour broke
- cents per barrel in Minneapolis and
both look lower. Northwestern National
bank Minneapolis, says thore is about
$200. GOO oo0 tirup in old grain in the
three northwestern states. much Of
which is dead load on the banks with
new crops coming, Southwest finds
trouble financing new wheat and gen
| eral money conditions are difficult
everywhere II. 4 NJ
Chicago G. Holinger, Of Lo-