The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-07-06
ROUND The TICKER
Cotton.

New Orleans,--The market has not
yet found itself There is small buy
ing now from ring and room traders
who are now taking less favorable view
OF the weather.-S. & G,
New York.--Liverpool locals sold
scattered, outside buying; traders gem
orally bearish, Hubbard to Reese,
New York Commercial SAYS: "The
market at the present time Is IN what
corresponds to an air pocket and while
bears are full of confidence right now
and are willing to sell off the market.
the latter Is giving away more because
OF lack Of active support than for any
real weakness in fundamental con
ditions."
New York; Weather conditions have
not changed distinctly fer the worse but
the scattered showers In the gulf sec
ton and the reported brewing OF wet
weather in Texas and Oklahoma will
be watched closely. From present In
dications, however, the drift Of prices
will box toward lower levels.-Wollman
to McFall.
New Orleans, Waco. Texas, wires!
Weather past week generally favorable,
clear, hot, except continued showers IN
South Texas Scattered light to good
rains last night. beneficial central. not
needed South Texas account showery
condition causing rank growth and IN
creasing activity OF weeVil. Stands are
good, healthy, rich, green color grow
Ing rapidly but still three weeks late,
Labor sufficient for present needs. Con.
tinuance hot dry weather, and good
general rains somewhere around middle
July, followed by another around Aug
10, Texas ought to make very fair crop.
Nothing doing spots account holiday
Beer to McFall.
New Bedford special to Journal OF
Commerce says staple cotton Is being
L. H. inn5 he
cause Of pressure of Southern banks
to liQuidate cotton loans.-Cleve.
New York.-Liverpool is lower. There
weather has been satisfactory. The
week end statistics bullish. Sentiment
in dry goods circles is confused. IN
certainty prevails as to the future
course Of prices and this restricts bust
ness. The market needs stimulation
which can only come from an unfavora-
BILE change in crop conditions and until
then the market may sag some lower
-Ettleson TO Clark &, Co.
New Orleans.-Advice from Central
Texas says good rains, beneficial Won
unfavorable weather and damage from
insects, look for a bumper yield'-kot-
Ter to Clark & Co.
New Orleans-Map indicates general
ly cloudy and unsettled weather, wealth
err with showers extending over the
belt, large cool wave liable to be
steady rain producer for several days,
Cooler northern states.-kofler TO
Clark & Co.
Marion, Ala, wires Worms believed
to be pink boil worms, were found at
Marion, Perry county. This worm. to-
gether with boil weevil and sharpshoot-
ers, which are more numerous than
ever are destroying bolls before they
mature, and holes are size of small shot
apa hpral thrnnOh nv thie gDpCl-
mems of this worm half an inch long
are being sent to the agricultural de-
partment at Auburn. Ala. Also bored
squares and bored boils. This worm,
farmers say, is the cause of so rev
blooms. as where squares are punctured
by weeWl and sharpshooters Prospects
for cotton corp are gloomy throughout
this section,
New Orleans.-Our traveller wires
from North Mississippi: Found the
crops clean and fair stands, but over
so per cent OF the cotton Is, barely SIX
inches high. The favorable weather
for the past month has enabled the
farmers TO get the crops nSgood shape,
but II lacks lot of having caught up
for its lateness. Look for a much
shorter yield than last year. The Doll
weevil is bad"-S. & G.
New Orleans-Points in both Alabama
and Oklahoma are complaining OF what
may De the PINK Doll "OiHl' ~ mas ~
ready done actual damage and samples
in both states have been forwarded to
state offiicals.-S. & G.
GAINESVILLE, Tex.-Heavy showers and
very cloudy here. Not needed
New Orleans.-One of our most re-
sponsible correspondents Just in from
Texas, stated conditions very fine
Think Texas condition now so. Says
best prospects since 1911. Labor CON
ditions very much improved and fields
clean.-F. & b.
New Worthwhile outside economic
conditions will have a bearing on the
trend of the price, yet the course of
the cotton market will depend largely
upon weather cOnditiohs.-F. & b. TO
W. & G.
New Orleans--St. Matthews, S. c.
Boil weevil damage has appeared over
far greatest area cotton belt ever re-
corded. We have seen the zenith OF
good reports from growing crops aC-
count lateness; appearance bool weeVlli
result growing crop Will prove most
disastrous. This information secured
through investigation being conducted
by experts. Beer to McFal.
New York-The market acts oversold
and has rallied sharply on cloudy and
rainy weather in the Delta which will
tend to promote the spread Of weevil.
F. & B.