The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-09-27
ROUND THE TICKER
Cotton.

special reports state this morning Geor-
gia and Carolinas very unfavorable
month, no top crop. weevil damage
severe. Federal reserve bulletin re-
marks foreign exchange outlook al
hopeless. London special: Some i'm
provement in Manchester as result OF
better coal outlook. "-Clevenburg 10
Clark & Co.
New Orleans,-Continued heavy sell
ing on absence demand and general
price reductlon.--Ellis & Co.
New York--Heavy Southern selling
some trade buying on call but locals
looking for further pressure Hubbard
TO Reese.
New Iork-Secretary Houston Is out
with another statement on the attitude
OF government toward financing COM
modities in which he says that the
government can not be a party to any
undertaking for artificially maintaining
war prices by enabling owners 60 with
hold commodities from the market.
Liverpool wires: Stop orders being
reached; spot commitments light; conti-
mental selling.
Fort Worth, Tex, wires: Country
aemoTallzed, but believe will stop pick
ing should market decline much fur
Their"
New Orleans.--Sentiment ls more
bearish than ever and selling Is COM
ing from all directions. To some peo-
pie II looks as If a world of hedging
was coming on the market. Good
weather over belt is causing fear of q
very heavy movement.-Shepard 4
Gluck.
Waco, Tex,-pisheartened farmers
discharging their pickers Saturday;
will not pay present prices for labor.
New Orleans.--Lower for want OF
confidence and generally favorable
weather interior. Crop holding plan
to keep prices up Is opposed by Wash
ington. Withholding commodities criti-
cized by Secretary Houston. Liverpool
cables liquidation being absorbed by
shorts covering on scale down. Market
without business. Beer to McFall.
New York.-Weld & Co: Spot cotton
in Texas seems to be declining as fast
as the future market and we continue
to expect lower prices
New k-Carpenter & Co.: At the
smallest figures mills are grinding up
over a million bales Of cotton month,
or about 10000 bales a day. The long
er buying Is deferred the greater will
be the necessity and unless farmers
throw their cotton overheard without
regard to price, the end of the decline
Is close,
New York--Wall street believes new
price movement is likely to assume
much wider dimensions than campaign
Of last spring, which was limited large
ly to retailers.
Washington.-Prices paid producers
Of leading fruits and vegetables have
gone so low that producers are &C
tually losing money, department OF ag-
riculture announced today.
NaHu vorL nj South aall-
ing; Livermore brokers buying, prob
ably covering shorts; looks lower until
trade and public take hold.-Clevenburg
to Turner e. Reid.
Houston, Tex.--All kinds wild ru-
nnors out about low prices, but general
business done at about 20 to 2S1s landed
Houston. Some farmers beginning hold
but selling pretty general.
New Orleans.-Technical position and
crop reports are such as to warrant
sharp reaction, but economic condi'
tions bad, no Improvement of conse'
quence Is anticipated until Southern
spots become stronger. Rumored mid
ding spots selling In Texas at different
points from 81 to 23h cents. Austir
reports q cents. Temple ~ cents, Hous'
ton % to 23h cents.-Beer to McFall
New York.--Rochester N. Y. specia
to World today says clothing makers
preparing for big cut in prices ant
possible slash in wages.-Wollman
Co. to McFall.
Waco, Tex.-Offering freely at low,
er basis. Prices discouraging farmers
Some tenants leaving crops ungathered
New Orleans.--Weather bureau issue.
storm warning because OF dis
turbance OF light or moderate in
tensity now in the east central Gulf o
Mexico.-Shepard & Gluck.
New Orleans. --Temple, Tex, wire!
spots are demoraliZed. Middling 28 t.
2s millimeters selling at % cents anC
farmers are letting go freely.-Shepart
G. Chuck.
New York wires: The rumors o.
bank troubles in Boston caused re-
newed weakness"
New York.-Large covering demand
at decline with some spring buying
sentiment very earish.-Hubbard tC
Reese.
New York.-About $4,000 short cot
ton covered this am, half Livermore
balance scattered. Think market low
enough, large short interests still in
selling mostly by Western interests
Clark & Co.