The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-02-07
ROUND THE TICKER
Cotton

Cotton.
New York-Qulet. Newspapers filled
with forecasts o. slackeBed demand for
goods Of an kinds because check In ey.
ports Hubbard to Reese.
New Orleans Galveston exports sc
coz bales Of cotton, OF which 24.92O 20
10 england. total exports this dAy last
Year 1895 -Shepard a Giuck.
New York-Sman weekend cover.
ing local buying on absence Of selling
Jung to McFall
New Orleans-LiverpooI cables. T
w. Cooke, former president Of the cot
| ton exchange, said yesterday that al
though cotton Of a certain grade was
! 10 be sent back to the United States, Il
was not expected that a great deal OF
the stock on hand would be returned.
Note: RumOred 5000 bales OF high
grade cotton viii be returned from
Liverpool and another rumoF has II that
5000 additional will be sent back 10
America for resale or delivery on con-
tracts Beers
London-Stlver Is up TO SOD.
New York--An markets seem to be
under pressure to readtustment prices
| and this sentiment IL affecting cotton,
and accountable for much OF the sell
ing, the spot situation in the South has
not been weakened materially as yet.
Offerings are quite free with most
Southern points quoting lower prices.
but business Is very small and trade
see results OF move TO lower prices
Overton, Of McFadden, to McFall
New York-The Texas weather con-
ditions have been more favorable and
preparations for the new crop win soon
be factor. Labor shortage has been
complicated. but the crop will be made
just the same and the weather will de-
liberal The increase in visible supply
for the week is bearish. There are
many who believe that no matter what
happens. cotton Is going to prove an
exception.-Ettelson TO Clark & Co
New Orleans--Proposed funding Of
ten billion loans and England's pro-
posals to partially renounce German in
IDENTITIES is considered likely to i'm
prove foreign exchange rates all round
on this market Is rallying.-Kofler.
New Orleans-Suggcstio in Great
Britain to reduce GeTmanys indemnity
from 5000, 600, 900 to 1000, 000, 900 pounds
considered bullish on marks, especially
II agreed to by the allies, as is favor
able action TO defer interest payments
three years on loans by United States
to allies which should strengthen ex-
change rates.--Beer.
New Orleans--Much of the nervous
ness over foreign exchange was gone,
partly because of the growing belief
that the situation in exchange has
been used for bearish ends ana part
ly because of the cables from London
stating that economic provisions in
the peace treaty would be revised so
as to be less onerous on Germany, 1t
was believed that should any such de-
velopments come about it would be IA
vorable for the international financial
situation. shepard g. Gluck.
New Orleans-Whlle money situation
seems momentarily improved general
longshOremen's strike and rumOr of
strike in New England mills against
market. Money situation still doml-
mating influence on which turns quickly
-Newburger to Foster.
ChicagO-Marshall Field & Company
in their weekly review OF the dry goods
trade, say: Current wholesale distri-
button of dry goods has been greatly
in excess Of the corresponding week OF
last year and OF any previous year
Orders from statesmen on the road, both
for. immediate and future delivery are
much ahead. The volume of advance
orders and the disposition of merchants
to provide earlier than heretofore for
fall requirements have been notable.
Customers have been in the house In
larger numbers. Collections continue
excellent,
Cram.
Chicago--Oats were sold on reports
of Canadian No. white oats, 32-lb.,
at Fort William, being rs cents basis
United States,-Wagner & Co.
Chicago-Russell News wires: The
closest judges OF the situation can not
understand what there is in cottonseed
nj
out that compound lard is maintained
at PAN cents, while cash lard at Chi
| cago is quoted at 20h cents and at New
York at Elm cents. REM to S. & G,
Chicago--We have wired New York
about the report Of large purchases of
rye and oats for export. In reply New
York says no export demand so far.
Many not looking for any buying i'm
provement-Wild.
Chicago-It is reported that Armour
has sold million May lard today
against cash purchases. This is what
is having weight on the market
Rem to s. h G.
Chicago-We have had drastic
break of several days duration in corn
and oats. Our judgment Is that liqui-
dation Is well over and that at least
good rally can be expected from this
leVel,-Mckinnon.
Chicago-lt Is reasonable to expect
that in due time the foreign exchange
situation will adjust itself. Europe Is
by no means bankrupt. With the rest
| of the world it is nearly, or quite at
| par. A pound sterling will buy $4S6
| worth of grain in Australia, Canada or
any of England's colonies as we'll as
| Argentina. But if she buys in the
United States pound gets only $3.50
worth-Clement. Curtis & Co. to Nc
| Fall.
Chicago-Prevailing rates Of exchange