The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-12-28
ROUND THE TICKER
Cotton.

Barcelona Is holding the market down.
Probably this had much to do with the
poor Liverpool. as 1t is believed that
London interests are more or less in
volved in the failure. Liverpool ca
bes: Conditions are unchanged and
we see nothing bullish In the situa-
ton. Shepard & Gluek.
!. New misunderstanding to local ex-
porters~ who are, well acquainted, with
the Barcelona trade the Bando de Bar
eelona rs not a very large institution,
although 1t Is by no means a small
bank. II received only 200 bales of
cotton last year, so that It is not 'di-
rectly concerned with cotton speculat-
Ing. 1t seems to be controlled by Span
ish rather than foreign capital.--Shep-
ard & Chuck.
New York--Yarn merchants here an
nounee some fair sized orders In mar
ket, but at prices they could not meet
and sales yesterday were few. Accord.
ing to government figures, cotton valued
at only $91. 138.37S was exported last
month compared with $1Si, 400, 900 in
November, 1919.--F. & b. to Wells &
Gustafson.
New orleans.-Buyers have the OPP
portunfty to purchase at about lowest
prices so fay this season, which are
thought to be near bottom Sentiment
less bearish, but bulls inactive waiting
for something favorable to develop be-
fore taking a decided stand.-Beer to
McFall.
New York wires: Wall street sold;
Liverpool best seller Sentiment de-
pressed, outlook discouraging.
Liverpool cables No change; see
nothing bullish in situation.-Beer to
McFall.
New. orleans.-offerings here light
after decline.
New Orleans.-Depresslon yesterday
Is said to have been due to financial
troubles in Spain.-Beer to McFall.
New York.--Stocks of cotton are so
big and trade so dull there may be, it
is argued. seven or eight million bales
carried over into next season. Would
not such q carry-over it is asked, take
the edge off or at any rate largely neu-
tralize even a large reduction in acre
age journal Of Commerce.
New Orleans. with no change in ba :
sic conditions continue expect lower
prices until trade revival influences de-
velop greater Strength .-Newburger &
Co. to Turner & Reid.
New York--Journal of Commerce says
United States faces huge losses due to
soviet cancellation by deportation Of
Martens.
New Orleans Dakota reports
another state bank closed. This makes
81 banks in that state in period of
six weeks. New York reports quiet
and barely steady market for cotton
IS. & G..
New Orleans. financial situation
is thought to be the main reason for
LiverpooIs slump. Official reports from
Oklahoma says that an unusually large
amount of cotton still is in the fields.
IS. %& G.
New York wires: Liverpool is best
Wall ct sold and Rosenberg
bought. Sentiment is depressed, and
the outlook dlscouraging. -.
New York-Liverpool cables: Free
sellers Of near months fearing heavy
notices; SPECTATORS all-out of market !;
Thomas Wilkins sellers spring months,
few buyers to Reese.
London Bank of Barcelona has
suspended with liabilities of l,50O,OOO, :
900 pesos, or $18S, 0O0,0 900 at current
rates Of exchange, according to an Elk
change telegraph from Madrid-Hens-
ley TO s. & G. ...
New York.--Liverpool cables: Report
american brokers large sellers here;
Liverpool selling with spinners bro
keds buying at IA cents; local traders
bearish.-Hubbard to Reese.
New orleans.-Weld big seller here
this morning.
Waco. Tex.-Today's market great
disappointment. Believe liquidation will
proceed steadily after turn of the year.
No improvement in sight and looks
lower. Weather clear, cold.-Beer to
McFall. ~.
New Orleans.-The selling movement
has increased steadily as news Of trou-
bles in Spain and reactionary attitude
OF LIVERPOOL spread in the country.
Prices have given way steadily though
gradually under the pressure.-F. & b.
Understand that Of the 10 notices Is
sued yesterday, by Hopkins Dwight
they stopped three themselves and three
were stopped by Bond & Coz. & B. /
New York Cotton sold off on report
that Secretary Houston is preparing
strong statement in opposition to pro-
posed war finance corporation on which
President Wilson is to- base bis veto
F. & B. to w. a. G.
Liverpool cables american brokers
were large sellers here"
Savannah clears 12206 bales Of cot"
ton for foreign export; Mobile clears
II, 200 bales and New York $50. There
were no exports this day last year
Shepard & Gluck
New Orleans.-Speciai selling OF
March Is helping to hold the whole list
down. Some traders think this selling
is for Liverpool acknowledgement &
Gluck.