The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-02-24
ROUND THE TICKER
Cotton

Nales expecting Improvement on strength
Of March position.-Hubbardt no Reese.
New York-Advices from New Bed p
ford say the market for extra staple
cotton was very quiet last week. many
OF the mills being entirely out OF the
market
London cable says: "A seven per
cent bank rate for Thursday next is
rumoTed, but that the best informed be-
lieve ii will remain unchanged.
Liverpool cables; Feel certain Bank
OF England discount rate will be raised
Thursday
New Orleans-Poltical situation re-
gording labor and finance attracting at
tention. We look for a trading market
for time being with spots holding
steady. Would rather buy on weak
markets,-White to Cotter & Turner.
New York--No cotton news over hol-
days, passage railroad bill, however
should boost stocks and be reflected in
cotton.-CleVenburg 10 Cotter & Tur-
ner
New York-Liverpool buying late
months. Covering Of March short sales
holding. Jung to McFalL
New York-Covering only support
no notices; Carolina mills well stocked .
basis there softening, wooden goods
dragging; cotton much softer.-McEl-
roy to Cotter & Turner.
New Orleans-EXports from United
states since Friday so far about IS, 600
bales, against 5000 last year. OF which
10000 today, more to hear from. against
none this date last year Today Sa-
varnah exported 5000 to Europe; CAL
vestOna $4,000. Muskogee, OKLA. wires.
Largest spot firm here just received
three cables from Liverpool, France and
Italy absolutely no demand for spots.-
Beer to MeFall
New Orleans-Spot market here quiet
with some scattered filling in pur-
chases at the end of the month, but
no new foreign demand Think quo
tatiens about unchanged Clark
New Orleans-The weather map can
not be called good because there is too
much rain in the central and eastern
portions
New Orleans-We hear of some lower
grades being shipped from Liverpool
back to Galveston and New Orleans
and high grades to Savannah; also good
middling II Texas cotton 10 Boston
mills.--Clark.
New York wires: Big short interest
here.
Temple, Tex, wires: Weather condi-
tons have been generally faVora able for
farm work in Northeast Texas during
the last week. Considerable cotton has
been picked and farmers are busy
with spri9g planting of small grain.
Scarcity of labor Is reported and yet
indications point to a substantial in
crease in cotton acreage, with a ia
vorable planting SEASONS. e. G.
New Orleans-Market appears weak
ening; would not be surprised to see
reaction increasing, -Clnrk & Co.
New York-The failure of any no.
tees to be issued today Is causing short
covering of March, the same being
transferred to July and May.--Jung to
McFall.
New York wires 1t is reported that
bankers in England are disinclined to
renew loans on cotton except where
the cotton is earmarked for spinners
New orleans-Corpus Christi; Cot
ton planting will commence this week
McAllen. Tex; Hundreds Of acres Of
cotton and corn have been planted by
Rio Grande valley farmers and thou
sands of acres more will be planted
during the next few days. II Is claimed
that Memphis has been wiring out that
sales of spots have been made in that
market below quotations.-S. & G.
New York--Apparently no notices is
sued today and strength March to-
gether with Liverpool buying of Octo-
Der causing steadiness, although mar
ket narrow and trading dull-Gwath-
mey to Foster.
Grain.
Memphis receipts; Corn 49, oats IS
and hay "a cars.
Hog receipts Chicago, $4,000; Omaha,
1880; Kansas City, $500; Sioux City,
1900. st. Joseph, $500; st. Louis, l6,-
900.
Chicaeo-wheat: Receipts, 1859 900;
corn, 53l 900; oats, $4,000. Shipments:
Wheat, $4,000; corn, $4,000; oats, 1884,
900.
. st. Louis-Recepts: Wheat, 1873, 900;
corn, 100000 oats, $4,000. Shipments:
Wheat, 81 700; corn, 1S9, 900; oats, g.
900.
tonight and Wednesday, not much
change In temperatures.
Chicago.-The main trouble is that
the bullish speculation is timid. the
trade on the whole is looking for lower
prices~and the fact is daily becoming
more apparent that the turning point
In high prices has been passed An
other factor that has its weight each
day is that we have a good exportahe
demand from abroad and most unsat
isfactory foreign exchange situation
Tribune
Chicago.-There is no weakness in
the corn market Some commission
selling early. but of the selling since
then is by local traders. Cash corn
shows better Shippers are buyers
Babcock to Clark & Co.
New York--It is understood that on
Saturday there were reports of sales
OF rye amounting to more than a mill
lion bushels worked and it is init
mated this morning that further accep-
tances have been made over the Holt
days.
Minneapolis-W ashburn- Crosby taxi
ing all the cash wheat today.
Total stock of corn in Chicago L.
25S 900, an increase of $4,000. Oats, g.
536 600 a decrease of ,O00.-Babcock.
Total Visible-Wheat, So, 3S9. 900 VS..
12l 100000 last year; corn, 4,7Sl 900 VS..
5.242.0 last year: oats 10.447 900 VS..
30 008 900 last year.
Visible Changes--Wheat, decrease L.
S16, 900; corn, Increase 609 900; oats, de-
crease $4,000.
Stocks.
New York. Missouri Kansas and
Texas year ended Dec. 81. 1919 net loss
after charges $1,457,f92 against surplus
of S1.379,573 in 1917.
New York.-With the position Of the
federal reserve bank in New York. 1t
looks as though higher rates in money
here were probable.-Dick to McFall
New York.-Seling in market has
been caused by statement by the fed
eral reserve in regard to curtailing
credits We think this Is largely aimed
at the commodity market because cred
its of the stock market have already
been curtailed Dick to McFall
New York The railroad bill appears
likely to become law in short order
and once the president signs IL one Of
the big uncertainties which has kept
the nation in hot water ever since the
government took over the railroads will
have reached its solution. The rail
OF the country are still many,
hllt th. LAr,stnnnte of ikc I'M L. u ~