The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-11-29
ROUND THE TICKER
Cotton.

Cotton.
New Orleans-Four hundred Deem
Der notices were issued this morning
ana apparently promptly stopped
shepard & Gluck.
/ New York.--Private wires received IN
the local market on Saturday stated
| that many sections Of the Atlantic
states were offering cotton on a
tenderable basis
New orleans.-I.ondon cable says coz
ton yarns Of all kinds in poor de-
throughout the week and the amount
! OF idle machinery is increasing.-Shep
ard & Gluck.
= New Orieans---Private cablegrams say
That It is estimated about 10000 bales
of cotton were destroyed In the Liver
pool fires.-Shepard & Gluck.
Waco, Tex.-Basis continues easy on
| grades below middli1g and looks like
| further break basis this character cot
ing, but this only negligible compares
to- cotton that is for sale. Sentiment
| generally very bearish and talent feel
any reactions only be temporary.-Beer
to McFall.
Bradford, England, dispatch says:
lowing to the board of trade index
numbers which prove a further adj
vance In the cost of living, all textile
wages advance 20 per CENT on the basis
| to further increase of about eight
| per cent on the present rates.
London cable says: Cotton yarns of
| all kinds were in poor dem~nd last
week with stock accumula ting and
sellers pressing their goods. Prices conv
| tinued to decline throughout the week
| and the amount Of idle machinery is
increasing.
New York.-Sale of about 1901 900
| pieces Of print cloths were made last
Friday and Saturday, principally South
ern goods offered as Spots or for de-
| livery In the next 80 to 80 days. New
| Bedford, Mass, advices say the de-
| mand for extra staple cottons reached
as near the irreducible minimum dur
ing past week as itSwas possible to go.
| Cotton brokers who have been in busi-
| ness for q generation declared they had
never In the whole Of their experience
witnessed anything to compare with the
present situation in the absolute stag
nation OF business and very few can
see any prospect of much improvement
| for weeks to come.-Pearsall to McFall.
New York.-Weld says: Although we
see nothing to cause a sustained rally
| and while further decline seems more
| than probable, nevertheless we believe
the short side Is dangerous and prefer
buying moderately on scale down with
the idea of accepting moderate profits,
at least for the time being.
Lowell, Mass, mills, employing 20, 900,
go on half time this week, commencing
today.
Danville, Va.-Wages of 5000 en-
ployes local mills will be cut rs per
cent effective Monday.
New Orleans,-The immediate future
of market will probably be governed
| mainly by advices from Liverpool as re-
CARDS progress of the vote to curtail
market likely to advance, If there is
the danger Of the proposal being car
ried, lower prices are probable. Mean
while opinions are almost valueless.
Sentiment remains rather bearish but
conservative Next census ginning re-
port Dec. 8; government crop estimate
Dec. 13.-Beer to McFall.
New orleans.-Effects Liverpool
fire may furnish temporary market
stimulus, otherwise nothing new in gen.
eral situation encouraging. belief sus-
tanned Improvement market; looks low
er.--Newburger & Co. to Turner &
Reid.
New York,-Market steady in face
Liverpool; traders feel decline there due
nervousness over fire, trade demand
July holds market.-Hubbard to Reese
New Orleans clears thus far today
II 900 bales of cotton for foreign export
ana Galveston clears 1882 bales. This
day last year total exports were 34,094.
New Orleans.-One New York mes
sage says: wall street shorts have
covered from 10000 to 10000 bales of
shorts this morning" This explains
some of the steadiness, although the
market was entitled to some rise on the
Liverpool fires. & @.
London-Silver Sd lower, 465s VS.. 49b
Saturday
New York.-Reported here that spots
are being offered freely in Texas at
low basis, with few buyers. The To-
cal market was sustained by Wall
street covering and some investment
buying Of late months-F. & B.
Liverpool cables: Can not say guam
bears, but no trouble.-F. & B. to w.
& G.
New notwithstanding Liver
pool closing at about lowest OF day, 81
and 70 down on January and March,
respectively, American markets held
pretty well owing buying by trade in
terests, principally here and New York.
However, on Liverpools poor showing
American markets should rule much
lower.-Beer to McFall.
New York-The tendency of late
months toward premium was again
evident and may possibly see carrying
charges for the first time since the
European months around present prices
on expectations of sharp reduction
in acreage next spring.-Fenner and
Beane to W. 81 @.
New York.-Very small market. Wall
street covered large short line estimat-
ed at 40,000.-Sanders to Clark & Co.
Waco, Tex, wires that some invest
ment buying Of spots is appearing in
the market
Greenwood, S. c., wires: 1.-TWO large
mills here have resumed full time"
New Orleans-The market has a very
steady tone which is due to some -ex-
tent to better spot accounts One Hous-
ton telegram says: VERY good demand
all grades today. "-Shepard & Gluck.
New York.-Shorts have been good
buyers all day. Better feeling in the
market. Spot people here from east
ern belt. There are evidences of i'm
proving spot demand from mills, Texas
advices also note better demand from
Europe.-F. G. B. to Wells & Gustafson.
Grain.
Grain Forecast-Illinois, Missouri
Wisconsin, Minnesota and Iowa unset
tied tonight and Tuesday, rain or snow,
some what colder: North and South
Dakota, Nebraska and Kansas, gener-
oil fol TONIGHT and .n,,,o