The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-07-23
ROUND THE TICKER
Cotton.

New orleans.--weld cables: Heavy
ioeal selling and liquidation on open
ing after which the market imptoYed
On uhae nxinE call sales and good
spot demand. IS. g. q.
New York.--Cotton goods are quiet
River mills closed yesterday for the
week. Foreign politics are again alarm
ing ana one London dispatch talke
OF another world war The advance
OF the red army on Poland Is causing
many is arming the civilian population
OF East Prussia.
New orleans.--The government an
honnces that the July condition report
WIN be issued Aug. 2, which Is a week
from next Monday
New York.--IIeavy liquidation Liver.
pool yesterday; local shorts only buy
ers; trade very bearish; expect other
private reports confirm National Gin
ners.-Hubbard to Reese.
New York.--I.lverpool the only sup
port today, they bought about rs, 600
bales.-Clark & Co.
New Orleans.-Market likely work
lower. Further big decline foreign gov
eminent securities denoting uneasiness
over movement of BOlshevik army
against Poland.-Beer to McFall
Greenville. s.-Practically every
part OF county reports weevil. In some
instances damage reported is almost
tStsl. You know what this means for
the WeeVll IN proven territory.
New York-Cotton market shows
very little rally. Japanese selling for
Chinese account continues Believe
market will work observation-disclosures 10
McFRll
New Orleans-The critical state OF
European politics is reflected by a
slumping market for foreign exchange
Sterling Is about two cents off at S.7Sat /;
francs are 20 points down at 752 and
marks are 20 points down at 224-S
& G.
New York.-Recent action disappoint-
ing from bullish point Of view, but pre-
Ter purchases any good break Cant
ADVISE sales new crops these discounts
with crop entering critical period Of
growth.--Gwathmey & Co. to Foster
Beer had this wire: Kingsvillo, Tex.
-hlngsVile yards received 40 bales of
cotton Saturday before 6 D. M. cotton
bringing from 3615c to 37c. There had
been total of 1903 bales ginned here
by that time. Reports of South Texas
are very good, particularly from coast
districts where yield promises to be
heavy. Central and North Texas re-
ports generally good also. West Texas
not so good.
Fort Worth, Tex.-So far as West
Texas proper is concerned there will
not be within one third as much cot
ton this year as last. Have just COW
cred via auto the ten biggest counties
that furnish cotton for Abelne, Cisco,
Eastland, Brentwood and Dublin mar
kets and l believe from my observa-
tions that at least half OF land at
tached to farms is lying out Farmers
too busy chasing oil money to give any
time to the hard work of growing cot
ton.-Beer to McFall.
New York wires: National Glnners
76.5 indicated 100000 bales without
linters.
New York wires: Liverpool buying and
covering by yesterdays sellers because
no further confirmation Chinese news
cause OF early rally.--Beer to McFall.
New Orleans. Report that Poland has
asked Russia direct for immediate
armistice likely improve European po-
litical situation, since Russia probably
be disposed to deal directly with Po-
| land. This may have some influence on
market. but as weather outlook interior
is better and bearish bureau expected,
think cotton sale on important bulges
for present, or until after government
| report is issued early in August.-Beer.
New Orleans.--Should market have
any further decline believe purchases
would prove profitable: latest foreign
! news more favorable.-A. II. Hayward
| to Reese.
Taylor, Tex, wires: Crop prospects
fine, but need rain.
NEW Weakness of sterling
| down to 376la brings in Wall street
| selling of cotton.--F. & B. to W. &, G,
was chaotic at opening today with large
| was chaotic at ouening today with large
recessions throughout. There was talk
| everywhere of the possible combination
| of Russia and (YnrH1anp' nj