The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-12-01
ROUND THE TICKER
Cotton.

bCdTlSH DtCAu6G OulbiuC bug
on advance. Goods market shows rath-
er better tone.-Hubbard to Reese.
Waco, Tex.-Little better feeling
around, advance in market somewhat
restored confidence. Basis trifle SITTER.
Practically nothing offering except low
grades. Demand still very slack for
these cottons. Weather conditions clear
and cool.
New Worthwhile we believe in ulti-
mately higher prices for the staple,
would not advise advances very far
for the present; suggest purchases only
on sharp reactions.-Weismann to Nc
Fall
New York.-German advices to mem
bers of the exchange here said that the
German mills were running full time
and coming money. Japanese mills, 1t
is inferred, must be poorly supplied
with American and other kinds of cot.
their annual requirements early for
October November shipment. They
could not buy this year. Early in 1921
some believe they will have to buy. In
1924 Japan took only $4,000 of
American cotton. but in 1919 they took
cent. American mills are beginning to
show more interest. They want to
know what they can buy this that or
the other grade for.-Journal of Com
merce.
New Orleans-Spinners' takings for
week Friday probably bearish again, as
returns will run against 478,O00 last
year and $4,000 year before last were
only 100000 last week. Sentiment less
bearish only 10000 all told and posi-
BILE favorable developments. However,
sales on important bulges appear adj
Yisable for the present.-Beer to Nc
Fall.
New Orleans-while market senti-
ment less pessimistic outside trade i'm
provement must show substantial in
crease to maintain advances: favor
buying all material NEUTRALITY-SUSPICIOUS.
ger & Co. to Turned & Reid
New York.-Cable just received says
Liverpool advance due to short cover
ing induced by better continental spot
demand; Wall street and trade inter-
ests bought here. New Orleans and the
South best sellers.-F & B.
New Orleans.-Liverpool shows incli-
nation to recover; New York cotton
goods market better, demand increas-
ing, some makes higher, and Washing
ton reports joint meeting Of agricultur-
al committee tomorrow to consider pos
sible remedial legislation for farmers.
The senate committee went over the
situation yesterday.-Beer to McFan.
New York-Reports OF numerous in
quiries for cotton goods and higher ca
bes Better demand by trade and for
eign interests. Wall street also good
buyer.
New Orleans.-Cotton got to a good
start owing to advance at Liverpool.
Liverpool cables Manchester shorts
covering. Some trade calling.-F. & B.
to W. & G.
New York.--Liverpool and trade in
terests buying; good tone; think tide
has turned in misunderstanding to
Turner & Reid,
New York reports increased sales OF
wide print cloths at higher prices, in
creased demand for fine goods and
ready-to-wear lines.
New York.-Washington press advices
say enough pressure may be brought on
congress. which meets next week. to
revise tax laws, revive war finance
corpora ton in order to aid movement OF
crops abroad, amend federal reserve
act to furnish better outlet for agricul
tural paper and re- establish trade with
Russia.-F. & B.
New Orleans.-Hugo, Okla, wires
Ginners this section report heavy gin
nings last period. Savannah Ca, wires
For first time in three months there
is some inquiry for sea island cotton
here today. Atlanta Ca, wires Several
wires inquiring for cotton goods this
a. m.-Beer to McFall.
New Orleans.-Galveston exports S.
152 bales today and most OF It goes tc
the continent. England taking only
about 10000 bales. Europe continues
to buy cheap cotton on this side
Shepard & Gluck.
New Orleans.-Higher owing encour-
aging domestic and foreign trade ad-
vices Covering by Manchester shorts
does not indicate British spinners will
adopt half time. English consols fol
money opened A Ia, up 1-4.-Beer tt
McFalL
New York wires: Credits should be-
come more elastic. The trade has held
off from market to about Nthe limit
The market here has better uhdertone. -
New Orleans.-Foreign exports on the
boards thus far today total 100, 00(
bales against 1875 this day last year
Everything considered, the export move
| ment continues surprisingly large
Shepard G. Gluck.
reveport.-Prominent spot mar
says: Little more inquiry from South
ern and Eastern mills, for that reason
situation looks better, as 1t is impos-
sibe to buy tenderable cotton at any
where near contract basis Harmon
to Clark & Co.