The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-11-19
ROUND THE TICKER
Cotton.

New York.-weld & Co: We can add
nothing to our recently expressed opin-
ion that a further decline seems prob
able. but we advise caution on the
short side.
New Orleans. like concerted
bearish action between the consumers
markets with the object in view OF di-
verging spot holders. However, GER
tain leading Southern spot markets
show decided resistance. Spot quota
tions do not represent the actual spot
situation. They are mostly on patty
small trades. while the bulk Of the SUP
ply is firmly held and not Offering
Kofler to Clark 6 Co.
New York.-Not the same pressure: :
traders buying distant on Idea mills
will buy slowly below present prices
Hubbard TO Reese.
Another Liverpool cable says Man
chester has a better tone. They are
all short there"
New York wires: The ring is full OF
selling orders.
Liverpool cables: Think we are near
bottom
New York,--Southern selling coming
in after call; traders think about 10000
May wanted at 16 cents.--Hubbard.
New Oreans.-While Liverpool cables
Disappointing and general situation dis
couraging after continuous decline,
can't advise selling, although prospects
seem favorable to lower markets. New
burger & Co. to T. & +.
New York.-General and Liverpool
selling; chief support is shorts cover
ing; market appears helpless, based
weaker Atlantics.-Clevenbur to Tur-
ner & Reid.
New Orleans.x Bearish traders con-
tend that this selling Is due to the
weakness of some of the more impor-
tant Southern spot markets yesterday,
where prices fell from 65 to 100 points.
S. & G.
New Orleans-No. support to this
market and every quarter trying sell
cotton; unwise buy more cotton until
actual demand for spots in sufficient
volume comes in market.-Barkdull to
Mctall
Waco, TeX.-Wagon receipts increas-
ing, Indicates farmers faith in high
prices on wane. However, today's cot
ton well absorbed at no further break
IN basis. Indications are that hedge
selling will increase.
Liverpool cables Manchester reports
worse than ever.-Beer.
! New Yorks--A large number of
Rhode Island cotton mills will close
Saturday night for the entire Thanks
giving week. The six plants of the
Chadwick -Hoskns chain of mills, five
OF which are located in Charlotte, n
g.. closed down yesterday for an in
definite period A number of Southern
cotton mills reduced wages yesterday
from ID to Is per cent. Philadelphia
advices to the Daily News record state
that the weight of offerings is still
pressing cotton yarn prices downward
and the selling rates now reported are
often below the cost of production
Pearsall to McFall.
Bartlett, Texas, wiresy Spots are
moving more freely, with a fair de-
mand."
New York wires: "This decline due
to liquidation and hedge selling"
New Orleans.-Some buying on the
break for quick turn in event of a
rally, but traders see little good in
market until trade demand, especially
for spots, improves-Beer.
New Orleans.-Spots quiet probably
25 TO so lower to sell. Houston wires
Hear some middling 2S-29 offered here
T. o; b. compress, so off December New
York.-Beer.
Taylor, Tex. wires: There is a-bet-
ter inquiry for spots"
Brentwood, Tex. wires: big spot
firms were reported in the market in
this section last night for unlimited
amounts of spots. AS high as 1850
fob common points was bid
New Orleans.-The market continues
weak under all manner of bearish COM
ment Thus, Gothenburg, Sweden, ca
bles: We think the present depres-
sion will last" and Fort Worth, Tex,
wires Farmers are selling freely
again" Unquestionably there has been
heavy hedge selling this morning.
Shepard G. Chuck.