The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-09-20
ROUND The TICKER
Cotton,

| mill broker writes us as follows: The
| textile situation has improved this
week. This particularly applies to the
| Southern spinners and we now notice =
There has been a moderate improve
ment in the spot demand and the basis
| has shown a tendency TO harden. -
| Shepard g. Gluck.
NEW ORLEANS.-Accordin to the
latest advices the tropical storm is now
almost in the Southern end OF the Yu-
| catan channel and II It moves with the
average speed of such storms 1t will
| be in the Gulf of Mexico in another
"a hours. Its movement is now north
northwest.--S. & g.
New York-Liverpool is sharply lower
this morning. Trade reports show a
| rather indifferent state OF affairs, but
| a little more activity in cotton lines.
We must now watch the weather. The
tropical disturbance, II 1t should reach
the belt, could do considerable dam
age to open cotton and because of this,
weakness in Liverpool should be en-
tirely ignored.-T. e. NJ. to Clark e. Co.
New Orleans.-The feature of the
weather map is what appears to be the
edge of the tropical storm, reaching In
a vast circle from Brownsville, Tex,
on the west. to Burrowood, La, on the
north, and Key West, Fla, on the east,
of Mexico. How far the South area
extends there Is no means of telling.
1t Is seldom that these storms are so
large. but their size has little to do
with their intensity which Of course,
Is found toward their center. On it's
of zoos. The Yucatan channel is al
most directly south of New Orleans
and thus far the storm appears to be
moving in northwesterly direction
S. & G.
Waco, Tex.-Weather continues ia
vorable. Picking in full swing. About
rs per cent of receipts being held. De-
mand still indifferent, except for bet
ter grades and staples. Sentiment trifle
more bullish as crop has deteriorated
rapidly, especially past three weeks
Beer to McFall.
Montgomery, Ala-With the exception
of few rains, the first half of Sep
TENDER has been hot and dry. She'd
ding and damage by the weevil has
ing the wet spells. has caused the plant
to become burned. Bolls have opened
rapidly and in the middle and southern
districts picking and ginning are gen
eral. Grades are running from middling
to strict mddling and are improving
with open weather. The character of
the new receipts Is very good and the
staple is superior to last season. A
good proportion of the new receipts rs
being held, probably 40 to 80 per cent.
That part which is offered for sale is
quickly absorbed-mostly by demand
from shippers with September commit
ments to fill.-Weil Bros.
Eccles cables: Short time extending
expect lower.
New York.-Cotton yarns are irregu-
lar and many mill agents are not try
n nf IkThi Ih
have been talked about by buyers. I'm
til present conditions improve market
sale OF any rally.-Galvin to McFall
New York.-Liveipool cables are very
pessimistic and long range forecast, is
for good weather but this market looks
for investment demand on any decline
Hubbard to Reese.
Paducah, Tex.-Boll worms are eat
ing US up, crop now estimated 20 to
80 per cent of normal. At Weatherford,
where they usually make $4,000 to 20,
600 bales, they feel they will not make
$500. Jonesvilc, La: Look like will
take 10 acres to make a bale due to
ls,-Beer to McFal
New Orleans.-New York kilograms
claim that a big business is being done
in staple lines of gray cotton goods at
advances of a cent yard and more
s. Il q.
Sd., wires. ne crop mas
greatly deterorated in Georgia recent
ly Sixty days ago our prospect was
fine but since then it has gone to the
bad, certainly a falling off of ten to
twenty per cent. w.
New York--Livermore reported to be
covering shorts.
New York.-Trading cotton goods was
more active at Fall river last week
with sales 10000 pieces. Business was
larger at the end of the week than in
any recent three or four weeks CONS
bined.-F. & B. to Wells & Gustafson.
New Orleans.-Latest official on storm
says: Tropical storm central this morn
ing hear north coast of Yucatan and
apparently moving north, northwest
ward Lowest barometer near center
1884 with wind south east "a miles, in
latitude 2O.24, longitude S642, caution
advisable vessels bound for Gulf of
Mexico.
New York.-Trade taking hold again
but Liverpool, WAL street and South
were selling Reports of crop damage
continue to come in and there is great
fear of another low grade crop. Sixty
mills in Manchester closed down and
curtailmeht in the south progressing.
Price cutting continues to be reported.
Journal of Commerce.