The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-03-09
ROUND THE TICKER
Cotton.

]
work a little. Recent strength here Is
| result Of a short covering movement.
The incentive for the next move should
come from new crop preparations, spot
merchants generally are Of opinion that
values viii be maintained TO eud Of the
| scason.-T. a NJ. TO Clark & Go,
New Orlesns-Easier owing to some
realizing, but receives good support on
| dips. Spinners takings for week Fri
| day likely to be bullish as will February
consumption report next Monday-Beer
to McFall
Liverpool cables: Think Egyptian
/ seen worst situation Alexandria i'm
proving, Recommend straddle buying
July Liverpool Egyptian futures, selling
July Liverpool delivery"
New York-Fear OF deflation passing;
dry goods ignoring i; looks like real
| bull market again.-McElrcy to Cotter
q Turner,
New York-Fau River says one OF
unions voted strike March l5.-Hubbard
/ to Reese.
Greenville, Texas, wires; Weather
| part cloudy. Farmers cleaning up pick
| ing Most Of low grades being sod,
very little being held by farmers OF
merchants, but lots OF cotton on press
belonging TO shippers and cotton men,
| New York--Reports from South as to
| SpOlS are NohlIduitlOISs Sollt say ilAb
| good demand, other absolutely no de-
mand; exports for last two days 10000
--B'allon,
New York-We are getting some
| hedge offers today; may Indicate some
spots coming out OF South.-Aubbard
| to Reese.
| New Orleans-presdent Wilson reaf-
| firms his opposition to any reservations
that will weaken article 10 of the peace
4 fnaa ty- AFNfF NNrifh ha TNl
mors TO the contrary of yesterday
Shepard & Gluck.
| New York-McFadden brokers buying
| October, Weld selling March, buying
| October; Wilson buying May and Octo-
Der and selling July; Gwathmey buying
| May and October. --CleVenburg TO Cot
ter & Turner.
| New York-Local feeling bullish; trad
ers expecting revival of buying power
Hubbard.
New Orleans--It is reported that the
| National Ginners association Is out
| with a final report of 11,120,000 bales
ana a forecast of per cent increase in
acreage. The figures are rather small
compared with recent bearish predic-
| lions based on continued picking in
Texas. FINAL ginning last year amount
| ed to ll,y06,4S0 and two years ago to
| ll,24S, 242.-Shepard & Gluck.
New York-Discount near positions,
| large exports, improved demand, de-
| layed farm preparations and favorable
| stock decision all suggest possibility
further advance. -Newburger & Co, TO
| Foster.
New York.-Announcement is made
that maintenance of way employees OF
railroads have decided against strike.
Houston wires There are evidences
of a better spot demand here"
| At1o 90 mr.
from American mills and also some de-
mand from Continental traders
New Orleans--Exports today 5000.
As soon as the old cotton is moved out,
think we shall see bearish comparisons
in exports. Market looks and acts cas-
Ter and like Iurther reactions.--Clark.
New Orleans--Been good deal realiz-
ing and short selling for turn, but the
market absorbed everything well.
New Orleans-January consumption in
United States was $4,000 lint, linters
$4,000 lint, 1000 linters; total, $4,000.
February consumption this year will
run against only 433, 900 last year, linters
5000; total only $4,000. New Orleans
spots reported steady and about I'M
changed; some business at about quo
tations-
New Orleans Liquidation is coming
from the long side and the ring Is not
absorbing it well.-Shepard & Gluck,
Grain.
Memphis receipts: Corn 10, oats 8
and hay IL cars.
Hog receipts: Chicago $4,000, Omaha
$4,000, Kansas City $4,000, Sioux City
$4,000, st. Joseph 5000. st. Louis $4,000
Chicago receipts: Wheat $4,000, corr
2S9.000, oats 10000. Shipments: Wheat
As. 900, corn 10000, oats 10000.
st. Louis receipts: Wheat AZ, 900, corn
10000, oats $4,000. Shipments: Wheat
$4,000, corn $4,000, oats $4,000.
New York-Corn prices have ad
vanced "a cents in last 23 days. This
fact alone entities market to a good
reaction. Further than this Chicago
Is now the highest market for cash
corn, which should increase receipts to
some extent Very few new shipping
sales are being made. Shippers buying
only against previous contracts. Farm
Preserves are above an average Con-
gress is holding up the sale of wheat
and flour abroad. Every one and all of
these items suggest that advance is
about at an end. Sales on all bulges
seem preferable.--T, & M.
Grain forecast: Fair tonight and to-
morrow, warmer.
Chicago--Corn does not meet any
heavy selling on these bulges but de-
mand flattens out. Commission buying
4