The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-05-27
ROUND THE TICKER
Cotton.

New York.-The market shows clear,
~ a burdensome short interest, and 1
looks to me as though one very big lin'
only has been partly covered. --Ettlesoi
to Clark & Co.
New York.--Message from valdosta
Ca, to N. /. Carpenter q Co: Cottor
crop ruined. Georgia can't maxi
million. Labor scarce. Men moving u
cities get big wages. Experiment sta
ton man says weeyil coming out nu
merous. Rain last night. Grass viii
take crop now. Fair today.
New York New Orleans selling DC.
& Co.
New York.--Average guess of mem.
bers New York Cotton exchange, 65.s
New York.--Buy on this break. Liy-
erpool weakened on Southern products
high condition, --McElroy to c. & T,
New York.--Fair weather forecasted
entire belt, Journal Of Commerce very
bullish, Mississippi, Alabama, parts
Louisiana. Look for irregular market
Outside conditions checks bull specula'
tion.--Cleye to G. g. L.
Dallas. Texas.--Southern Products Co
report says; Season 10 days late; y
per cent planted. of which 50 Is UP and
chopped; condition $50 for belt. Texas
50: Oklahoma, 10: Arkansas, 6S; Louis
Jana, az; Georgia, IS: Alabama, 81; Mis-
sissippi, 6S; North Carolina, ~: South
Carolina. ~: Tennessee, 65; Missouri
50; Florida. IS; Virginia, 70,
New York.--EHrope influenced by
these low crop conditions. Local trad
ers bearish on idea reaction about over,
and they expect our trade conditions 70
govern, Trading small.--Hubhard to
Reese.
New orleans.-Norman Mayer & Co.
make the condition of the crop 66.5, and
place the acreage at / per cent over
that of last year.
New York.--watkins condition e2s.
New York.-JournM OF Commerce:
mississippi 20 TO so days late; one
half to two-thirds planted; reduction 2
per cent. Louisiana, small reduction;
condition slightly under last years fig
NAL acreage; condition 20, VS.. 81 last
year.--Hubbard 10 Reese.
New orleans.--The market Is lower
under selling that seems to be due to
the good weather map more than to
anything else. The barometer lines on
the weather map show trough OF low
pressure extending from Canada to
Mexico with two centers In Il. one OF
which extends down into Mexico. This
Is likely TO bring rain TO the belt as 1t
moves astward.--Shepard 8 Gluck.
Liverpool cahiess Quiet. Some sell
ing after yesterdays advance"
New York--Cotton strong on firm
market, gold imports and trade and
speculative demand for new crops
Fenner &c Beane.
New York--Theo. II. Price says;
''Thc retail price cutting has enabled
the large department stores to work
off their surplus stocks, but has but
little effect upon the cost OF living.
Real deflation win not be brought
about until taxation Is reduced and
the government ceases to absorb the
capital that commerce and industry re-
Quires. The present erosperity Is like
~ 10 continue, ptnctA<ted from time TO
by by reactions like the one just
passed. -Fenner g. Beane.
New York.--The department OF COM
merce received dispatch yesterday to
the effect that closing OF the Mogi bank
had very seriously affected the stock
exchange and paralyzed the cotton yarn
market, there being large stocks Of such
yarns In Japan,--Wire to MeFall.
New Orleans. Watkins bureau is re-
port of Y, l.. Watkins II Is really the
report OF McFadden, as Watkins is with
McFadden -Fenner a Beane.
New York cotton exchange will be
colsed Saturday, May %, and Monday