The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-01-06
ROUND THE TICKER
Cotton.

Cotton.
Washineton-United Kingdom exports
10 the United States totaled S35.61i,25l
in 1919, with two large districts not
included, as against $lf3.2G2, $50 COM
pletC In 1915. according TO a cable from
CUnsul-Geueral Skinner az London.
New York-A Texas congressman in
PRODUCED a bill TO prohibit trading in
cotton futures, making 1t Il crime for
anyone 10 sell cotton for future de-
livery unless actually In possession OF
cotton at the time.
New York-Bache says thinks we'll
Of buying cotton on this break.
New Orleans-Weather u~nfayorable;
no settlement freight handlers strike;
Door Liyerpool-tenner q Boone 10
Gustafson.
New YoFk-Following easier cables
this market delivered on liquidation
after recent ad lance; think natural
reaction.-Gwathmey TO Foster.
National Ginners by states: Alabama.
$4,000. Arkansas, al 600; Georgia, l.
63S, 600, Louisiana, 293, 900; Mississippi,
S2l, 600; North Carolina. 791. 600; Okla
homa, 7SS,000, South Carolina, ], 100000;
Tennessee, 2t5, 900: Texas 2,A72, 600;
various, l7s.000; total, 1907. 600; GIN
ping for period 643, 900 VS.. 4g4,00 same
time last year and 1903, 600 two years
ago.
New York-we think the market purR
chase on all breaks-Gwathmey.
New Orleans-National Ginners CON
strued bearish and bullish; ~disappoint-
ing Liverpool cause momentary weak
ness, while further decline possible
can't advise selling preferring pur-
chases on all setbacks.-Newburger &
Co, TO Foster.
New Orleans.-Dallas, Tex. wires.
There is a good demand for all
grades, The only spots unsoid Of note
Is what little remains unpicked in
fields. Labor scarce, weather on
tinues very unfavorable. Consumption
viii be far greater than anyone antici-
pated. While crop greatly over esti-
mated contracts viii work higher as
year advances; this time last year
every farmhouse, gin and country yard
filled with cotton, now bare. July cot
ton S45 a bale under spots here with
out counting freight and carrying
charges, shepard & Gluck.
New Orleans.-Interesting letter,
from Liverpool says: Yarn market
strong and prices still advancing. Buy
erS from Egypt. Syria, South America,
India, and China have had to pay in
creased prices for cloth. We think Y
change has possibly touched the low
est point, as exports are increasing
compared with imports. The high
prices, which are easily o%btainable for
cotton goods for export, probably brins
into the country double as much as
the value of the raw material from
which they are made. A babe of cot
ton which costs $500 in the L. S, could
be sold for export when made into
cloth for more than the value of $500
so that any loss on exchange on the
import, is more than offset by the
profit on the export, "-kofler.
New York.-Gwathney and scattered
selling; Wilson selling, probably Aver
ill.-Cleve.
New Orleans,--Spots here in good
demand; may have some reaction due
technical position, We continue bull
ish. favor purchase on setbacks.-
White TO Cotter & Turner.
New York.-Six cases of cotton
goods have been received at this port
from Hamburg. Germany.-Slater to
Neral. Y
New York.-The Journal of Com
merce says that according to banking
representatives who have recently re-
turned from Europe, conditions are
very much more satisfactory than they
are generally supposed to be,
New Orleans.-Embargo on cotton
for shipment to New Orleans for eX-
port has been raised; ocean freight
rate on cotton from Atlantic and Gulf
ports to Italy has been reduced 20 per
cent by the shipping board to meet
private competition. Both features
make for larger exports--Beer to Nc
Fall.
Liverpool cables; STEADY on CONT
nent buying at opening, then eased on
long liquidation hedge selling, chiefly
nears, catching stop loss orders; later
advanced on trade buying.
New Orleans.-Market likely rule
easier owing heaviest ginning last pc
riod in 10 years, perhaps on record,
and possibility Federal Reserve board
adopting measures today to restrict
speculation. Bad weather south will
likely curtail spot demand-Bear to
Neral.
New York.-West selling again on
reaction, system been wrong Sc and
still wrong.-McElroy to Cotter &
Turner.
Grain.
Memphis receipts: Corn, three. and
hay, II cars.
Hog receipts: Chicago $4,000. Omaha
$4,000, Kansas City $4,000, Sioux City
$4,000, st. Joseph $4,000, st. Louis 90, 600.
Chicago receipts: Wheat 5000, corn
1911 600, oats $50, 600, shipments: Wheat
100. goo, corr $4,000. oats 1OS. 600,
ST Louis receipts; Wheat AZ, 1000, corn
81, 600, oats ll6, 600, Shipments: Wheat
80, 600, corn 66, 600, oats 12t, 900.