The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-08-02
ROUND THE TICKER
Cotton.

y
| rains over North Texas
New York Wall street and foreign
| trade interest good buyers Some SELL
ing started liquidation.
New Orleans.--Map shows geenral
| light to moderate showers eastern hall
of belt East Texas and Panhandle,
Raining at Augusta and Wilmington
Indications scattered showers interior.
Boil wecVtl weather.--Beer to McFall
New York-Meanwhu cotton goods
trade reports are far from cheerful.
Wholesale and jobbing trade in all com .
luoditles for that matter Tags, money
| is tight, credits stringent, cars scarce
and buyers are suspecting break in
commodity prices ahead Argentine by
the way II hard hit by the dullness OF
the wool trade and big supplies on the
| eve of new wool clip Just as China
| and Japan have been hard hit by the
| fall In silk. silver, exchange, etc. and
now deflation has reached the L. s.
Journal OF Commerce.
New orleans. -The market tried har
to do better on the opening, apparently
because the Times Plcayune condition
report of IA was hardly In line with
general bcarish expectations. The mar
ket fell off under fresh selling, many
! traders thinking the American Cotton
associations report OF 75,2 more than
| balanced the Times Picayune figures -
I shepard & Gluck.
Marion. Ala, wires: Cotton deterio-
rating faster than ever before; bloom
ing in top and shedding"
New Orleans.--The barometer lines on
the weather map this morning are un-
favorable. All told, they show seven
distinct areas Of low pressure over the
United States. II looks like unsettled
and showery weather for the belt
shepard Gluck
New Orleans.--The report Is bearsh
enough on its face, hut it Is not up
to expectations of extreme bears. and
besides II has been discounted. A re-
port Of T4l per cent OF normal against
20. a month ago and GIL a year ago
is favorable enough for reasonable peo-
ple.-Shepard & Gluck.
New York, Cotton market shows
very little rally We are IN a period
Of readjustment with credits being lin e
tied the South continues a heavy Dor
rover from federal reserve and this
will be corrected by liquidation in cot
ton.--Weisman to McFall.
New Orlcans-The figures on the
commercial crop for the season just
ended are. If anything. larger than ex-
pected but the Carry-over is smaller
than expected. The commercial crop is
II, $4,000 bales against II $4,000 a year
ago and 1907 900 two years. The
| carry lover is 60S6,000 against 6.S24 900
and 4,422,O00.
New Orleans.-Hester report COM
mercial crop increase sos, 900. World S
| consumption increase 2,l35,000, carry
over decrease 75s,OOO.-F. & b.
Hillsboro, Texas.-lncreased boil
worm damage reports coming in;
weather cloudy and damp.
Natchitoches, La Slow rain this sec
ton; cotton has stopped blooming and
shedding; no cultivation past 80 days;
too wet.
New York.-Havre freight IS cents
density and for standard shipment
August through December call through
lading or coastwise to New York New
York to Antwerp 30 cents density 81 90
standard sale shipment Genoa $1lO
density $l.35 standard--F, e. b.
New Orleans. Market recovering on
Hesters figures showing consumption
| twelve seven.-Ellis & Co.
Grain.
Chicago.-Urgent demand in all
grains has quoted. Selling widely
scattered. Nothing really important
except some hedging sales in wheat
| depressions. --Babcock to Clark & Co
Weather for grain belt: Generally
fair and somewhat warmer except COO
in Illinois and Missouri.
Chicago. -Snow makes condition
| corn S6.7 VS.. S74 last month, and crop
| of 1893, 900, 600
Clement Curtis corn condition So 7
| oats SS.l.
| Mount Vernon, Ind. wires: Made
big drive yesterday, saw lots corn thai
| VIII never mature, needs rains for last
| ten days very dry. Her of other re.
| ports other territory equally as bad
| Chicago. Ticker says speculation has
come to the aid Of the producer OF
wheat and is now giving the market
| support Trade in wheat so far today
has been comparatively heavy. This
| class Of buying mainly responsible for
| sharp rally after opening break This
is first time since trading in wheat was
| resumed that speculation has been on
| in volume. Practically all of the or
ders both buying and selling have been
| in five to ten thousand bushel lots sc
| far Numerous orders in the hands oil
| brokers both over and under present
market prices.-E. w w. & Co, to s
Chicago dry; drop in Chi
cago receipts and the wheat rally arc
| tn efactors. Wheat weak on large Chi
cago receipts of 1875 cars. Corn re.
| ceipts are dwinding a little. Some COW
ering of corn on the Illinois dry wealth
| er.--Wild.
| Chicago.--Lecount says corn croI
| made marvellous progress from Souti
| Dakota to Kansas City, Mo there Is
some late corn that will not mature. 49,
| Wagner q Co, to S. & 6.