The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-02-28
ROUND THE TICKER
Cotton.

Greeuville, Tex, wires: Weather
cloudy, sprinkling rain, looks like bad
weather coming"
New Orleans.-The general situation
appears TO US against an increase In
values for the present judging from
the tone q Wall street where senu-
ment is fsnerally pessimistic; an in
crease hcreage likely and unless
weathei favorable think prospects for
large. n Think sales on all bulges,
-SchnS i to S. g. q.
New brk-Week- end figures are
slightly hllish. March option is the
contrOlf factor In market at present
but bel ge when this short interest
covered fesh selling will make Its APP
pearanG Prospects Of an investfga-
ton of the cotton mills should nave
sentimental bearish effect. Think mar
ket done its best for the time being
Jung to McFall.
New York.-Thought that Livermore
put out short lines in cotton yesterday
New York.-March only support, dry
goods irregular and weaker; labor I'M
| ions boycotting clothing. -McElroy TO
Cotter and Turner.
New Orleans.-PrOfit-t taking and re-
newed short selling yesterday on theory
market due reaction strength OF spots
and near position should prevent any
permanent decline; we continue look tor
trading market.-White to Cotter q
| Turner.
New Orleans.-A distinct revival Of
srot demand is reflected by strength
near months. Material declines seem
impossible under these conditions.-F,
& b. to Gustafson.
| New York-No cotton news, opinion
on market valueless because OF con-
| gestion in near months. October cot
| ton at it's big discount looks fail
purchass.--Clevenburg.
New York-Outside longs selling IN
i small quantities on business OUTLOOK
outside speculation depends on new
crop; local traders think local situa'
ton March will prevent any materia
decline.--Hubbard to Reese.
New -McFadden buying May.
New York--Memphis wired that cot
ton was being sold at "a cents that moi
long ago was bringing 50 and 40 cents
Aside from the local near months sit
uation the market looks sale.-CleV'
enberg.
New York-Fall River says strike o.
coal handlers closed down some mills
| threatens to close others unless set
tled-Hubbard to Reese
New Orleans--Possible development
in Egyptian market not likely to have
much influence on Southern spot hold
ers who are independent as ever Witt
the opening of March much attention
will be attracted to the weather in thu
interior. Good weather must prevail
to permit farmers to make progress
Bad weather would likely cause mar
ket to advance. Sentiment mixed
Beer TO McFall.
Chicago-Marshall Field & Co, il
their weekly review of the dry good
trade, say: Current wholesale distribu
ton of dry goods has been largely II
excess of the corresponding week {
year ago and of any previous year. Or
ders from statesmen on the road ar
also much larger Lines offered TO
fall delivery continue to be very freel,
taken. The number of customers II
the house was somewhat larger thai
for the same week last, as Of Feb. "a
1920. Collections continue very salts
factory.
Grain.
Chicago-Weakn of February corr
depressing the market. Reporting 700,
900 bushels rye sold for export at tn
seaboard The world now awaits Marcl
8 farm reserve report, due at 1:15 Chi
cago time. 1t will cover wheat, corr
and oats on farms. Private estimate
are about due. Corn reserves may rul
1920, 100000 to 1,0SO,0OQ,0OO. Howar'
Bartels figure the Feb, / farm wheat re
serves at 1858. against $40 last year. !
remarkable wheat record is indicated
Former record of 241 was made in 1915
Wild to Shepard & Gluck.
Chicago report on farm
reserves will be issued March s. Their
is d general impression that reserves ar
above an average. Because of this an
because Saturdays cash markets ar
unusually slow, there may be some fur
Their setback today. Large farm re
serves may be good reason for sellin
July corn, but sales of May based o
distant theories have proven disastrou
heretofore.-T e. M. to Clark & Co.
Forecast grain belt: Fair tonight an
Sunday, colder, except rising tempera
lures West and Northwest Sunday.
Chicago--Larger commission house
recently on the buying side corn are fire
sellers this morning. Support is con
fined to resting orders.-Babcock
| Clark e 20