The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-01-17
ROUND THE TICKER
Cotton.

cotton.
New Orleans-Bombay rcportza plus
correction Of zoo, OQo bales In stock there.
which Is being investigated Don thtnh
large addition to Bombay stock VIII
have much II any effect on market Ter
American as England and u. S. Use
very little Of East Indian cotton,
New Observation-Disclosures concern
ing probable further restrictive meas
ures by federal reserve board as re-
CARDS speculation still prevails On
other hand trade accounts remain good,
especially among jobbers and mills
Strong demand for cotton goods n
yarns continues in New York. SENT
ment miXed,-Beer to MCFalL
New York-Shorts covered durinE
weakness yesterday. ready now 70 help
advance for higher selling level Mitch
Ell actively bidding .-McElroy TO Cotter
& Turner.
New York-The big news on cotton
this morning is the decision Of allied
governments to opeIf reciprocal trade
relations with Russia. il means that
worlds markets are all open to the
commodity and warrants purchases OF
July and October ON all 'recessions.-
Cleyenburg to Clark & co.
New YorkLWeek-end statistics pre-
sent nothing startling. Sentiment 10
cally is still largely in favor Of the
market, Banking situation is mentioned
by most commission houses hut Is not
taken seriously. II is evidently as
sumed that cotton and cotton loans will
be one grand exception to such changes
as are taking place-Tt & NJ. TO Clark
& Co.
New York Journal of Commerce says:
Active campaign Curtailment loans re-
peatedly called for by federal board Is
being carried on. stated to be directed
especially against tobacco, cotton. oil.
real estate.
New Orleans-Japanese interests were
large buyers Of spots I'm this market
after hours Yesterday and their pur-
chases are estimated at between 1900
and 5000 bales,-Shepard q Gluck.
New Orleans-The market is higher
on a demand for covers from shorts
and because there is nothing alarming
in the morning dispatches regarding
garding the Internal conditions of the
country, is distinctly better.-Shepard
& Gluck.
The weather map shows considerable
rain in the central and eastern portions
Of the cotton region, but the western
portion is dry. ,
Grain.
Chicago-Allied supreme council ar
ranges for imports into Russia of cloth
ing, medicine, machinery, and other ne
cessities in exchange for grains. Above
is a special Paris cable to the Tribune.
Russia has a surplus supply of grain,
it Is said.
Chicago-Believe oats, rye and lard
are considerably o~ver-bought on theory
Of broad foreign demand. So far actual
shipments abroad do not support this.
-BabCock TO Clark Co.
Chicago-Reiteration Of exporters re-
selling oats and rye a V a weak tone
to the grain market. Corn was under
pressure from the start and showed no
good rallying power, The selling was
of an increasing character and the large
volume of transactions suggests that
the commitments are up to the limit
and covering operations should develop.
Tribune.
Chicago-Thts talk about big export
every day is bunk. The clearances do
not show big business. We win have
a big surplus Of all grains; the only bun
feature left is the big premium,-Obrien
to McFall.
Chicago-Loose lard is selling at 1925
under the January, probably a record
| discount. The reason for this Is a
very disa ppointing demand from abroad.
1t has always been the idea that Eu-
rope vas devoid OF edible fats, but the
above situation questions that idea. If
the foreign demand can not absorb ouf
surplus of hog products it is quite pos
| sible that demand for grains will be
less than eXpected.-T. & NJ.
Chicago-Looks as if ears were be
coming somewhat easier in sections.
Bids were received yesterday at the
seaboard for 500, 900 bushels of oats 70,
January shipment and 1000, 900 bushels
per months from February TO May, in
ciusive.-Wild.
Grain Belt Forecast-North Dakota,
Snow tonight and Sunday. no change in
temperatures. Illinois and Minnesota
Generally fair and colder tonight and
Sunday. Balance: Generally fair to-
night, Sunday increasing cloudiness will
snow and warmer northwest.
Chicago-One New York report init
mates a belief that sterling exchange
will drop to SO finally. Hogs about Il
to rs cents lower. Early news looks
beariSh on grains.-Wild.