The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-08-19
ROUND THE TICKER
Cotton.

Waxahachle, Tex.--Slow rain all day.
reports worms numerous, but damage
is not extensive.
Mansfield. Tex.-Cloudy and showery
Tor several days. Weevils numerous.
Temple Tex.-More than seven
inches rain In Temple, and vicinity
during present month averaging one
half inches per day.
Georgetown. Tex.-Light showers
yesterday and last night which. fol-
lowing last weeks rain OF over five
inches, is causing fear Of worms SO
far Williamson county has prospects OF
finest crop for many years.
Hutto. Tex--Farmers just beginning
to pick cotton, rain Thursday and Fri
day intervend.
Celburne. Tex.--Heavy rains falling
In this section past two days. County
roads In bad condition.
Tulia, Tex,-Heavy rains falling IN
>Swlsher county alast two weeks,
Ennis. TeN.--Rain practically all day.
Corsicana. TeN.--Cotton crop has been
injured by continued damp weather, ac-
cording to Ii. Gentry. county agricul-
tliral agent. AS crop now stands, Mr..
Gentry estimates Navarro county VIII
make 10000 more bales this year than
in 1919 Rain general over county
Lampasas. TeX.-Rain yesterday and
today. Clear. warm weather badly
needed
Athens Tex-Showers during week
Cotton is opening .-Beer to McFall.
Paris. Texas wires: 1.-THE crop is gem
orally good in the Greenville and Paris
territory, also boil weevls are doing
some damage around here and south of
Latonia. - S. G.
Jackson. Miss, wires EARLY planted
and hin cotton has fruited about nor
mally, while the lowlands and late
planted are only fairly well fruited."
New York says: Weakness in the
cloth-market is becoming more general
S. & G.
New Orleans-The break in cotton is
caused by everybody, seling.-S. & G.
B. M. Hall cables general crop con-
ditions have improved since our last
report of dry weather in the south
st.-Wagner TO s. & G.
Paris, Texas, wires: Worms are in
cotton bad this section but not pink
boil worms"
New York.-The opening confirmed
the opinion that the better Polish news
would be ignored and that the strong
position Of the bears from accumulated
profits would prevent any rally notwith-
standing the apparent weakened techni-
cal position. The weakness OF this po--
sition, however, is probably less actual
than apparent as there has been con,
siderable covering that mas not caused
any particular check to the dawnward
trend. The supply of cotton coming
from spinners who have holding hedges
against forward sales of goods The
cancellation Of orders has left the spin
ners long of contracts and despairing of
rally on weather Tor other news they
have thrown larger supply of con-
tracts into the market. Southern hedge
selling also helped along the decline.
The market is now nervous because of
the, short distance, covered by rallies
and the ease with which they are
halted or turned into declines. Lower
prices seem probably Wollman to Nc
Fall.
Griffin, Ga. - The commissioner of
agriculture of Georgia after an extended
trip over state says: 'Incessant rains
more than one third. Beer to McFall. |
New York-Market looks sold out;
large covering supposed to be Liver
more to causing other Wall street and
outside covering on unfavorable crop
reports and the Indication continued
unfavorable weather judging by ba-
rometer to changing sentiment with
some, more inclination to buy; believe
liquidation Is well over for present
McFadden to McFall.
New York.--Stocks continued under
pressure of bear offerings, brighter
foreign outlook fails to check decline
Further calling of loans by the banks
forced the rate on cali loans up to nine
per. cent late in the afternoon which
was the highest rate so far this month.
F. c.
New York.-Little If any demand re-
ported for new crop cotton. Fall RIVER
and Providence mills on short time ~or
closed down. There is little in sight to
buy cotton on even for a turn.-Slater
to McFall,
S. NJ. Weld & Co-"Route Chicka-
sha, Oklahoma City. Sapulpa: Cotton
all looking fine, from to 4 feet high,
but it is fully month late. Blooming
and fruiting, but needs hot, dry wealth
er to prevent making too much stalk
route today. &C. c. 4 Co. to MCFall
Weakness interior spots, especially in
Texas, depressing feature but demand
improving at decline sales at Houston
yesterday totaling 1864 bales. In sview
of present bearish temper of market,
clearing weather in Southwest would
likely encourage further selling,
Liverpool, weather outlook and Euro
pean politics likely govern market to-
day Bearish National Ginners report
probable within next few days. Favor
selling on important bulges until after
next government report Sept. l. unless
weather conditions remain unfavorable
Beer to McFall.
New Orleans.-As expected the wealth
er map does not shCw any great amount
of rain in the interior of the cotton re-
gion Along the east gulf coast there
is considerable moisture and a few
light showers are scattered over the
AtlantiCs. The central and western di-
visions of the belt are comparatively
dry and to all appearances, the weather
over at least two-thirds of the belt
is fairly favorable.-ShepaId & Gluck.
New Orleans.-The selling movement
of yesterday was carried over and the
bears for "A few minutes got some en-
a MIR o. pf ia "a
the market is now beginning to act
oversold and is beginning to react mild |
ly on realizing by shorts.-S. & G.
New York.--Cotton getting into line
with other commodities deflation SEEM
ngly at work in all commodities. Big
selling by Wall street, West, South |
in fact from all quarters Weekly re-
port a surprising contradiction, but on
the whole bullish even though disre-
garded. Buying power lacking Wealth |
err continues rainy and not favorable |
for the rop.-Fallon.
New Orleans. Yesterdays heavy
liquidation coupled with some short |
selling has given the market healthy |
technical position and II present weather |
keeps up look for some sharp recov. |
cries. ON the other hand spinners |
show very little interest in the actual |
and as long as the market moves in |
their favor are likely to continue apa
thetic. Texas tried to buy spots in this |
market yesterday probably because |
rains South Texas delaying movement |
there. Believe market purchase |
c. w. S.
New York,-The weakness in cloth |
market has become more general and |
many OF the sales are below cost, with |
cotton AT 30 cents. The first bale of |
cotton Of the 1920 crop has arrived at
Macon, Ga, and it IS expected that |
shipments Of new cotton will be heavy
before the end Of the month In fact |
cotton buyers anticipate considerable
movement in 10 days Macon's stock