The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-09-09
COTTON MARKETS
Market More TWo-Sided, as
Weather Not Quite So Bad.
Strike Meet AdiOurnS.
ThursdnY Afternoon. sept. 9


with the weather not quite so unla-
vorable in the belt as whole and with
cables bringing the information that
the coal strike conference In Great Brit
ain had adjourned without reaching an
agreement. thus increasing fears OF q
walkout. there was confusion OF scnti-
ment in the market today. The technt-
cal position was not sto strong, as many
OF the shorts had taken to cover, ana
one feature was further widening OF
differences between the near and dis
tant months. Sentiment in some dlrec-
tions continued to get inspiration from
trade conditions, while others were stun
giving most attention to the news from
the fields thus making for irregularity,
AT the close the list In New York
was steady and from 30 points TO tho
good to SIS to the bad, while New Or
leans finished steady and is points up
TO 80 down.
liverpool should open to II points
lower tomorrow TO make proper re-
Spouse.
The foreign market made fairly
good showing, but before closing lost
some OF her gain and finals We're
steady at an advance OF as to de-
cline OF points. Cables said that the
strike situation did not look good,
while some concern was felt at the turn
OF political affairs. some tntlmatins
that the Irish question was threatening
to bring cabinet crisis Larger de-
mand for the actual, resulting IN sales
Of 5000 bales. helped explain the
tions were marked off points, fully
mlddllng at 2Stld, Receipts Tor the
day were only 1000 bales.
The weather was the big influence In
the domestic markets around the open o
ing. Overnight reports told Of but little
rain in the southwestern belt. but more
fell in Arkansas and eastward, though
they were heaviest in the Memphis dts
triet. II was cloudy practically every p
where but Indications were sliEhuy
more favorable for clearing IN me Wes1i
and later the official forecast promise
fair TO cloudy for the western belt'
Elsewhere, however, seemed destined to
get more rains. which win lessen cf' ,
prospects, There were numerous com .
plants. but they apparently had iost
their immediate importance as most
Of the traders were putting stress on
other factors. =.
October in New York opened at rs
cents, then dipped TO 27s0c and then
worked upward, reaching at It's best
2st7c, but there was more pressure
on the later months. which tended TO
hold the near position In check, Later
October dropped 10 1850 and then re-
covered moderately, while the distant
months held back One explanation Tor
the relative strength In the near month
Il that fears are expressed Hs 10 spot
people being able to fill early commit
rnents because OF the lateness and the
damage done to the quality Of crop IN
the earlier sections. II can hardly be
expected that much good cotton VIII be
available for some weeks now and even
with a more moderate short interest VI
snots there can be trouble for those who
are short, matters not what may hap
In the spot department prices as, q
rule changed none, Houston leaving
mlddllnK at 2e.bOo and selling e,sIe
SON New Orleans did nothing much
selling COL bales and leaving mlddling
unchanged. Memphis sold 800 bales
but made no change. Sales elsewhere
were small.