The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-08-18


untounded, rather inclined 70 believe
selling due TO hedging with little out
side support,-F. & b. TO w. & G.
New Orleans.--Hear some talk liq-
uidation by spot interests New York.
Fenner g. Became to W. & G.
New York.--Weekly weather report
adds insect damage increasing and crop
detorioratingaRlmost everywhere.-rai-
Ion 70 $. & u
New Orleans.--The weekly crop re-
ports must be called bullish because
OF the statement in the summary that the
week was very unfavorable Tor cotton
with deterioration over large areas. Tex,
as reports that the crop deterloratCd
whore rainfall was frequent or heavy
Oklahoma says that the weatherIwa TOO
cold for cotton. Georgia says that the
week was generally detrimental. Ala-
bama reports poor to satisfactory pro
well and Louisiana reports deterior-
alton, Arkansas reports poor to salts
factory progress.-S. & q.
New Orleans. Heavy selling is APP
pearing because SEINE traders are
claiming that the details of the week
~ report do not warrant the cohclusi1,n
that the week was very untavorapie
close reading OF the detailed report
does not reveal anything to sell on
This selling movement may be only
flash in the pan x Il.
Dow Jones quotes Banker as follows:
Wall street is carrying stocks ana bonqs
with a par value 3 to times What :
was previous to the war 1et pro htIra
the war This is a wonderful snow MS
and indicates that Wall street was ne ~
er more liquidate Wagner TO D N W.
waycrosa, Ga.-Crop between Mont
gomery and Dothan not GOOD st"i ,
poor, plant turning yellow, some w ~
blooms Along Atlantic Coast Linz "
Waycross seems better, but unuer-
stand considerable weevil damage.
Scattered showers all the way'--beer 10
McFall.
Waco Tex. wires: While widely
scattered light rains occurred IN Cen-
trial and East Texas also parts OF MI W
Texas today no rain reported oouC"
Waco and on whole weather more la,
voiNble than for past Week Neg pao a,iI q
weeks or more dry weather. keCelpts
small on account OF bad weather.
Beer to McFall.
New York.-There is no particular
incentive for outside operators ~
undertake important business at tne
moment IL seems unnecessary ~ epn
fer particular stocks with details uuS
the relative strength OF Sihclalr anu
panied by talk of some new Ieia ! a.,
between Sinclair and the STANDARD III
terests-M Morse to McFan,
S. NJ Weld & Co.'S traveller wires
from Chickasha: Il am finding cottul
CROP in this section of Oklahoma Iea,
good, stalks full of hollis, blooms anu ,'
squares, weather pleasant, part CLOUDY,
Think Il best to continue dry, 100 much
rain reported from Texas. -fearsali,
hnynU thus IHT
has been done on expectations OF pui-
fish weekly reports from the govern
ment at 10 oclock.-S. a q.
New Orleans.-The weather map Is
somewhat more favorable this morn :
ing, Not much rain is shown IN the
western belt while in the central neit
only the Southern half gets much mons
ture, but the Eastern DIVISION ls aS
wet as ever.--S. Il G'
Nav Orleans.-The barometer lines
on the weather map are all changed
up this morning and form two huse
areas, one in the Eastern United states
and the other in the Western, with
a secondary high in the Southeast. The
outlook seems to be, for the first time
in days for clearing, weather lor .ne
belt, although it also is likely that tenn
peratures win be lower, which will
cause much complaints. & G.
Tuscaloosa, Ala, wires: THE con,
tinuous rain are causing many weeVll
complaints and bolls are beginning 10
rot. Good prospects of couple OF
weeks are beginning TO fade
Temple. Tex. wires: The. weather
is still unsettled and very unfavorable.
The crop is deteriorattng. 5 4 u
New York.-For time being market
seems TO have no sustained raliylng
mower and lower prices would not sur
prise us, On the other hand the trade
| 10 40 universally bearish that we still
| think the short side unwise.
Hubbard Bros-while sentiment Is
still extremely bearish the market IL
| more or less sold out in appearance
and some recovery would not be at al
unlikely. especially If the weekly
weather report is less favorable than
| expected.
New York says Southern cotton
yarns were cent easier IN fhiladel-
phia market yesterday, establishing
| new low levels for the year "A mum
her OF the New England cotton mills
viii close down next Saturday and re-
omen after Labor day. In dry GOODS
sections 1t Is said that converters
| have had so many cancellations OF Or
ders for finished goods due TO non
delivery arising from delays in trans
nortation that they are bothered II
| financing many of their gray goods con
| tracts.-Pearsall to 5. Il g.
New rleans.-Liverpool cables
Trade conditions could hardly ot
worse and see no prospect OF any I'M
provement. IS. q G.
Grain.