The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-02-04
ROUND THE TICKER
Cotton

New Orleans -Galycstou denies the
fumOr OF q lonCShuremcu strike AT
Mat pOrt,--S, X g
New York.-Wa look for lower level
81 prices ON account Of money eouul-
ions here and throughout world Hut
ton to Neral.
New York-Tickrr says impurtations
II cbtton have been stopped by BRUSH
government, can not conilru.-Huu
bard 20 Reese
New York-No GOV eminent restrlC-
tions against cotton imports Liverpool,
hut reported 5000 bales bought at q
much better sterling rate turned naeN
at profit owing recent break -McEtToS
to Cotter q Turner.
New York-Livorpuol and trade
houses buying July
New York-Market breaking ON ticker
item from London saying 'ImpoTla-
tions Of cotton stopped and some snip
ments turned back
New York-Washmgto adNlces say
senator's are busy finding q way to
ratify the peace treaty. much quiet
err tone has been noted In the cotton
goods market this week, resulting m
more offerings from second hands, many
uf which have come from spectators. -
Hutton to McFall.
New York--Liverpool and South sold
October and cotton continues to come
out from South and commission houses.
Jung to McFHll
New York--Reportod here that long
shoremen ia Galveston are on a strike.
New Orleans-Spinners taklngs this
week last year 100000
New York-Strength Liverpool reflects
weakness exchange, nothing in papers
to give hope for exchange Improvement.
Cotton goods bought Tor export were
being offered for resale Ia Worth street
yesterday .--Clevenburg TO Cotter 4 lur-
ner
New Orlcans--Streugth Liverpool re-
fleets lower sterling rates, pessimlsNo
sentiment causing considerable short
selling has improved technical position,
with spots holding steady any favorable
news would cause good upturn. White
10 Cotter q Turner
New York--Loudon dispatch says en-
pire OF India today changed from steT-
ling silver basis To a gold basis, 1t goes
into effect at once as far as possible
Gold in the future will be the standard
of value In India and silver will remain
legal tender at the fixed ratio of one
rupee for 100 grain Of fine gold, The
exchange became necessary because OF
the huge volume Of midas foreign
trade and the difficulty Of obtaining
silver for It's discharge Clark.
New York--Following further de-
cline of sterling cotton cables are high
err This is no doubt as It should be
as commodities In Europe increase in
value to meet the depreciation IN the
value OF their money, The prospect for
business viii correspondngly diminish,
In our market there still are many
who are of the opinion that fundamental
laws are all right for everything except
cotton and that cotton must prove to
be the exception and go up further In
price. This Is dangerous view to en-
terrain. --Ettelson.
New York--Looks like some Of the big
shorts covering cotton under $3.50 for
May, May rallied some further, but
don't think viii hold Jung to McFali
New York--Europe bought early. but
the financial situation caused by the
overbuying by Europe of everything
brought long northumberland t.
Reese
New York-Pessimsm must run
course until longs completely liQuldated
or checked by renewed mill demand
McElroy to Cotter Il Turner.
New Orleans Money and political re-
ports remain unfaVorHble; may have
slight response to better Liverpool. but
rather expect lower market temporarily
Advise caution IN buying .-Newburger
& Go, TO Foster,