The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-08-05
ROUND THE TICKER
Cotton.

up as ever. Trade conditions appear 10
be getting worse.--S. g. q.
Journal of Commerce SAYS: Heavy
buying attributed to Liverpool and Jap
anese interests. Rains and low tenn
eratures attracting attention. Senu-
ment here mostly gloomy on conditions
in WOODEN trade and the Georgia fall
ure which entailed several others. be-
sides the Polish situation was disturb
ing.
New Orleans--The report that the
Japanese were again buyers in the New
york market seemed to start general
demands. & G.
New York.--Bears are now being put
on defensive and any Improvement in
foiish situation or bad crop news would
result in much covering and market
found with contracts scarce. We al
most invariably have some rise in prices
during August and we may be shaping
Tor it.-Fallon to s. g. G.
New Orleans barometer lines on
weather map somewhat more favorable
as low area in the East Gulf of Mexico
mas been dissipated. In Pacific West,
however, barometer Is low from Can
ada to Mexico and these areas roll
down onto the belt, they viii cause rain,
S. & G..
New Orleans, Think cotton good
sale on unfavorable European news to-
days. & G.
New Orleans.--As suspected, the
strength of Liverpool is due to war
preparations on the part of England
against Russia. II another great war
starts It will be bullish on Liverpool
and bearish on the American markets
for war is always bearish on cotton in
the home markets at the start, at least
The report that Great Britain is mobi-
LIKING for service in behalf of Poland
comes from several different directions
S. & G.
New Orleans,-Market steady at ad-
vance, probably work higher.-Beer to
McFall
Market opened steady influenced by
the strong cables and buying by Liv-
erpool, Wall street and South Sold
Calvin TO 'McFall
New Orleans is between the
devil and the deep blue sea, rain want
ed for late cotton, dry weather for old
cotton to hold weeviis and worms in
check. Reliable correspondent wires
from Talladega. Ala: Deterioration
started, looks bad In places, nights too
cold, Mississippi condition July IS, H.,
indicated crop that state 1904 900 bales
VS., 1858, 600 last year. New bales Savan-
nah, Ca, today, last year July q.
Wayneshoro, Miss. Lateness of crop
and presence Of weevil in practically all
counties constitutes a menace to the
states final production should the
weather continue wet,--Beer to McFall,
New York.--Liverpool up 40 to 10
points on yesterdays advance in ster-
ling. --Weismann to McFall.
New York.--The covering of a large
line OF October and December cotton
caused a little firmer tone to cotton
market yesterday, weekly weather re-
ports very favorable and trade condi-
tons show no increase in activity. Sell
Cotton.--W eismann to McFall.
New York.-Liverpool due to 6 high
er; opened 10 to 10 higher with Oc-
tober, 2264d; Dec. 21.63d; Jan. 21,4Od;
March 2O.S7d and at 1890 pm. was
one to SO higher than opening with
october 22.93d. Dec. 2l.64d; Jan. 81 sod
and March 20.90d.
Weather forecast: Eastern belt
probably local showers: western partly
cloudy, warmer.
Georgias compresst trouble reverbrat-
ed through the cotton world 1t is
feared that it will affect loans generally
Calvin to McFall
w. B. Thompson, ex-president New
Orleans Cotton exchange, in a circular
letter advises farmers to pick only
| middling and above, leaving low grades
to rot in fields, as 1t is Improbable &c
| gather low grades with their value SC
low, Is to 22.50c, saying DO not picl
| any rain or weather damaged cotton
When the weather gets bad turn tbs
| cattle into the fields. DO not let The
| damaged cotton stay to be picked later
and sold at runous discounts and bt
used in beating down the price OF youl
good grades. Destroy the low grade
| cotton and through the destruction fat.
ten your cattle and your own pocket
book. "--McFall,
Weekly statistics Friday likely be
bulish as TO mill takings and varia
ttons In worlds visible supply.--Beer Il
| McFsll.
New York Much steadier. shorts
covering Liverpool also buying, Locals
South sold. Think improve during day
Hubbard.
New York. Liverpool comes sub.
stantially higher than due, prices a.
| noon being Is to AZ points higher &nt
good inquiry reported for spot, which
was 80 points higher Unsettled
weather continues throughout the bel
with a rainfall Of more than one eight
reported from Charleston Local senti
ment Is badly mixed, due principally
to the critical period directly ahead
for the crop.--Ettleson to Clark e. Co.
Liverpool cables: Manchester more
cheerful; demand improving Hubbard
New Oreans,-Savannah reports thu
| first Georgia bale of cotton. Las
years came in on July 27,-SheparC
& Gluck.
Cuero, Tex, wires; Cotton is deterio
rating on account Of shedding and wee
vii damage shepard & Gluck.
Greenvile, Tex, wires; Indications
will rain tonight, very cool and If this
weather continues worms are sure t.
do damage Shepard e. Gluck.
New York,--Much steadier more
snort covering. Liverpool also buying
locals, South sold; think improve dur
ing day Hubbard to Reese,