The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-02-05
ROUND THE TICKER
Cotton

Cotton.
New York-Iiverpool cables show
stability in the foreign cotton market
and IL they do what now seems neces-
sary. reduce their imports, their mar
Ret should continue strong; ours should |
decline. An expert IN the Southwest 4
reports the prospect Of increase IN /
acreage. Commodities are going 10 de- !
cline. unless all signs fail and cotton |
should be sold on the buiges.-Ettelson |
to Clark & Co.
New York-Under present conditions |
Liverpool should advance and America !
decline to seek parity on which 10 DO /
| business by barter; except covering no
new speculation until some OASIS |
| reached.-Hubbard to Reese.
New York-Fear now that mills that
I own most long contract may unload ana
walt II all export buying stopped.-Me-
| Elroy to Cotter & Turner
New York wires: Liverpool large
| buyer late months.
West Point, s.-Weather is aw-
| fully bad; so far no work whatever
done yet Farmers claim but little in
| crease will be put in cotton, none I'M
less weather changes soon.
New York-Weld & Co: The long tn
| tereSt in cotton today Is In the south,
| and the future course Of the market
depends largely upon whether the the, south
| sold or not. We think they will con
| tinue to hold and although heavily
short selling could cause further de-
cline. we would advise purchases on
weak spots when and II they occur
Liverpool cables: Rather small and
nervous. Continent selling chiefly;
March absorbed by scattered short
covering, straddle and little trade buy
ing.
| Na,f VorL Io,,rpal NJ Cnrrrnerce saws
Cancellation orders pouring into export
II houses account exchange; exporters
look for exports finished goods to Eu-
rope to stop; but they must take raw
material, although England has five
months supplv-Cleve to Cotter & Tur-
| ner.
New York-Liquidation was active in
all markets and Wall street is in a
pessimistic mood. Yet this morning s
cables are much better than could have
been expected. The blow given to the
bull side is not likely to be easily got
ten over This may be furnished after
some further liquidation, viz, new crop
} outlook,-Fallon to S, e. G.
New Orleans-Unsettled conditions
sterling rather disturbing business; ad-
wise caution for time being; trend mar
! ket dependent attitude spot holders
3 White to Cotter & Turner.
New York--This market rallies on
, |
, power.-Jung to McFall.
New Orleans-In spite of the talk
! | about smaller exports the movement
still is large. New Orleans clears 49,
202 bales for France and Galveston
clears 1883 bales for England, tota
| thus far today of 24.795, against 1887;
Z this day last years. e. G.
: New Orleans-Rally on technical con,
9 ditions and sentimental influences Sucf
q I a elf anf
2 not be quickly mended. Think advis
2 able take profit on spurts.--Clark & Co
= New York-Traders think market act
sold out and will rally; however, thi
Y decline in exchange is not cotton alone
- it is a new, condition which is felt II
u all trade-Hubbard to Reese.
New Orleans-The market feels
y good demand from shorts and bullis
q | traders are also taking hold on tn
theory that reaction is possible un
u less further slumps occur in sterling
Y Some buying is being done on pros
Y | poets OF large exports In spite OF tai
to the contrary.-S. & G.
:, New Orleans-Anticipating that re
p cent developments must work for bet
= terment Of general conditions, consid
q ering the accommodating short interes
y and indifference Of holders to contraC
p weakness, we must advise against over
" confidence following further decline
:, Newburger to Foster.
~ Montgomery Ala.-The demand &c
7. cotton goods throughout the world
70 reported to be Unsuitable. Abnorm;
u profits are being made by mill interest
z Some mills in the South are runnin
z day and night The price OF mill ma
Z chinery has increased to about two an
e half times as compared with thos
70 prevailing before the war. Neverth,
- less the demand for new spindles is
great that orders are only taken wit
the distinct understanding that deliver
can only be made In about IS month
from date. The weather during d.
cember and january has been such tht
no preparations were possible for star
I Ing the new crop. Nor do we hear d,
|u much activity in the live stock marke
that is to say, farmers are not buyir
mules and horses as they should do
order to pitch a large crop. We do M
hear of any large demand for fertilizer
but we do hear of an apparent or ey
o. pected shortage of farm labor
ST course all these conditions may rever.
of themselves inside Of 80 or 60 days.
o. We'll Brothers.