The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-02-26
ROUND THE TICKER
Cotton

@AAN0AAF
New York says that both Liverpool
and Wall street have been buyers in
that market.
New Orleans Galveston exports 49,
lOS bales 10 England. The Pacific coast
clears ASA; this day last year total eN-
ports were 1895.
New Iork-Large imports Of cotton
goods reported. including 2t,Voo,VVV
yards Of clOth.-Hubbard 10 Reese.
New York wires; Looks as II values
win be we'll maintained or even adj
yanced further for time being by March
strength.
New Orleans-Bank of England re
serve in proportion to Liabilities, li.V-
against l7.42 per cent last Thursday'
English consols for money closed 1874
up y on day.-Beer.
New Orleans-Induced by strength Of
Liverpool and firmness. March active
short covering continues.-Eihs N Co.
New York-weld Il Co: Although we
do not advocate purchases at these
prices, We still think short sales I'M
wise,
From the monthly report OF the At
lanta district of the federal reserve
bank is taken the following: The plant
| ing and preparations for the new crops
have been somewhat retarded DE
weather conditions, 1t is impossible to
| forecast how the acreage planted 10
cotton this season will compare with
previous years However, 1t is known
| that in certain sections of the District
| the acreage viii be reduced as the re-
suit of the damage last year by the Doll
weevil. and the hold this insect now
has in those sections. There Is every
| indication that there will be more dl-
versification of crops the coming sea-
son than heretofore.
New Orleans-Rumored a lot Of LOCO
bales low grades was bought last night
| for account of local mills. Much guess
| ing as to price of deal-ClarK.
New ns--Unconfirmed rumor
| Wilson signed railroad DILL. Believe
| this bill will be signed, but this does
not remove the labor unrest-Kofler'
Misunderstanding Secretary Polk
states that he feels sure United States
win resume trade relations with Rus
STA without recognizing the soviet gov
| eminent.
Liverpool cables: Narrow, little scat
tered buying continent. trade locals
Little buying nears on bank rate I'M
changed.
New York-Shorts about covered
March getting near delivery basis for
lower grades, may have another drive
against shorts but won't go far,-Mc-
Elroy to Cotter & Turner.
New York-Spot cotton at Southern
markets yesterday rs to As points high
er. Buying yesterday led by Liver
pool which is supposed to be quite
heavily short here on straddle. Shoulc
they cover more today the market vii
of course work higher, otherwise re-
action Is in order as the outside pub
lie shows little disposition to buy a.
present levels.-Clevenburg.
New York-Some realizing but toni
steady; inclined to buy on setbacks al
look for strength March to hold mar
ket for present-Gwathmey to Foster
New Orleans-Liverpool cables stead
Ter on unchanged bank rate, bette
feeling spots and strength of near pc
sitions sustaining factor.-White to Cot
ter & Turner.
New Orleans-Bullish sentiment en-
couragcd by strength of near positions
and reports of better demand al
grades with peace ratification again
! heard; market likely to work hlghe
temporarily --Newburger & Co. to Eos
| ter.
New York--Market steady on furthe
short covering and buying by Liver
pool.-Gwathmey to Foster.