The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-10-18
ROUND THE TICKER
o
Cotton.


| New Orleans.-There is in evidence
| this morning better character OF buy
lhR than has been seen for a long time
past Many shorts have covered sub
stantlally and appear to have turned to
the long side on the belief that cot
Shepard & Gluck.
New orleans.-AIr. Wannamaker is
urged in the telegram from w. B.
thompson to turn his eyes to the
south and to marshal the bankers,
merchants and farmers into a move
meht 70 withhold cotton from the
maeistrom of destruction miscalled a
market, in spite OF h.. Houston and
Harding. Shepard & Gluck.
New Orieans.--Total average rain
fall In September In Texas 2.7S inches.
last year 4.sl year before 2.2s, and
normal of 1.66.
New Orleans.-It was currently re-
ported Japan had n years supply OF
American cotton on hand. Internatlon-
al Federation OF Master Cotton Spin
Hers and Manufacturers association
report Japanese mills held only zoe 900
bales OF American cotton on July 81.
Meanwhile stock there likely reduced
materially.-Bee to McFall.
New York.-F'ifty per cent Lam
cashire be idle by end Of week. ticker
says.
New York.---Think time to cover
shorts and possibly buy little here or
on scale down.-Clevenburg to Turner
& Reid.
New York.--The cotton market ape
parently Is helpless and the outcome
rests entirely with the Southern own
ers. II we have, further demoraliza-
+ ton 1t VIII be the result entirely OF
their own action in sacrificing their
cotton. The decline has gone beyond
all decentralization to Clark & Co.
New York.--Georgia mills offer ware
house room 60 farmers TO store cot
ton to hold for 3Oc or OVer.-CleVen-
burg.
New York.--Reported eight million
tract just Cancelled in Worth street
Clevenburg to Turner & Reid.
New York.-Market shows more re-
sistance than for week. Am uncertain
whether reaction which will come on
any settlement Of strike would perma-
nently change outlook. but it would
helps. T.. Hubbard to Reese.
New York.-Fair buying for reaction
on idea all the bad news known and
that strike can not last.-Hubbard.
New York.-See absolutely nothing
bulliSh, but expect recovery because
more trade demand, more resistance
and any rumor settlement strike would
change feeling.-Hustace Hubbard to
Reese.
New Orleans-Lower owing liquida-
ton and hedging as result British labor |
situation and failure federal reserve |
board to help farmers except for mar
keting and sale Of their crops. The |
only thing left to do is for the South |
to hold its cotton, plant smaller acre
age next spring and compel the trade |
to pay a fair price for its product.
We have done 1t before and can do 1t /
again, especially with only a moderate,
a small crop to handle this |
year.-Beer to McFall
Montgomery, Ala.---Weather condi- |
lions for the first half of October have |
that with fine open weather there Is |
some chance of top crop in some Sec
tons of North and South Carolina, |
Oklahoma Arkansas and Texas. In |
the balance of the cotton belt owing /
to the ravages of the boil weevil and |
the extremely hot weather during Sep |
TENDER there will not be any top crop. |
The demand for spot cotton at the |
present time is principally from buy
ers or shippers who have made for
ward commitments. New business from |
domestic and foreign sources is ex-
tremey small.
New York.--A special dispatch from
London TO the Evening Post says coal |
negotiations have broken down and that |
1t Is hard to say how any peace could |
be expected in less than three weeks. |
--Pearsall.
New orleans-waco, Tex, wires.
to sell at decline almost |
absent Saturday night, whereas Fri
day at cent and one-half higher were |
heavy. Daily press continues carry |
much propaganda moderate marketing |
and expect an added disposition hold |
but will still be considerable leakage |
If weather continues favorable and |
think market have hard job advance |
at present.-F. & B. to Wells and Gus |
tafson.
Duncan. Okla. wires: Heavy rains |
seem general. No more high grades |
soon. shepard & Gluck.
New Orleans--In answer to a mes
sage W. I. Brown says: Very bull |
ish, expect market to do much better"
-Fenner & Beane.
New Orleans.-Heste makes the |
average weight of 645,3Sl bales handled |
at the ports and overland during the |
first two months of the season, $40 |
pounds against SOC last year,. & b. |
to W, Il G.
New Orleans.-Selling on afternoon
press news that railroad men in Scot |
land are prepared to cease work today |
at noon in support Of miners. The pos
sibility of a general labor upheaval was
admitted Army OF Unemployed marh- |
ing beneath red flag of Bolshevism |
stormed official residence of Premier
Lloyd George. to Clark & Co.
New Orleans.-Press reports that |
Scottish railroad men have voted to |
Join the coal miners seem to be re-
sponsible for this selling.
Liverpool cables: Market not far
from bottom"