The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-01-22
ROUND The TICKER
Cotton

$1,000
New Orleans,-The market opened
aigher on good cables and bad wealth -
and promptly fell off under selling Of
the same Character that appeared yes
terday, Bears seem 10 think that The
ginning returns tomorrow morning vii.
favor them and that the meeting Of the
bankers OF the country with the fed
eral reserve board at Chicago tomorrow
VIII bring results along financial lines
that will be construed unfavorably.-
Shepard & Gluck
Liverpool says: We do not think there
will be enough good spinnabte cotton
available 10 fill the worlds requirements
for the nine months
New Orleans Reports OF large spot
sales after hours yesterday have been
mainly responsible for the rise; on top
OF this the bears lack any new selling
ACKNOWLEDGEMENT & Gluck.
New Orleans.-Census ginning report
tomorrow am. local time. returns will
run against ll,049. 000 last year and TO-
$4,000 in 1918 About i0,2s0, 600 eN-
pected.--Beer to McFall.
Liverpool cables: Trade covered for
present, but expect good demand near
future. Favor purchases on declines
from present levels.
New Orleans --Rumored New Orleans
sold 1000 spot after hours yesterday.
Exports from New Orleans alone so far
today $1,000: all ports this date last
year 2S,000.-Beeer
New Orleans.--Light rains southern
half Texas, scattered light 10 heavy
central and eastern belt More rain
indicated for cotton region will delay
blowing in preparation for next crop.
Traders disposed to support market at
decline, but opening cautiously. Beer
to McFall
New York.-Market entitled to sharp
recovery, but this break in Liverpool
has shaken faith in permanent advance.
Hubbard to Reese.
New Orleans. Recent liquidation has
improved technical position market;
spots not following decline; foreign news
unsettled; Liverpool steadler; suggest
purchale on breaks.--White to Cotter
g. TuIber.
New York Waco wires ground con-
ditions very bad and will be six weeks
before blowing can begin with good
| weather. This mornings map shows
| rain all over Texas.-Clevenburg to Cot
| ter g. Turner,
New York.-Extreme weakness in for
eign exchange attributed to keen dlsap-
pointment over delay in signing peace
| treaty, as nothing can be done in way
OF granting credits on large scale until
| 1t Is ratifled.--Clevenbur
New York.--Looks like project South
ern Cotton association hold 300 900 low
middling be successfully completed, as
individuals pledging separate amounts.
--McElroy to Cotter & Turner.
New Orleans.--Wall street expects
| federal reserve discount rates will be
raised by tomorrow's meeting OF the
| board at Chicago, Dry goods reports
say demand continues steady but not as
active as last week, Questions con-
corning wisdom of further advances in
prices are heard more frequently in dry
goods selling quarters.-Kofler.
New York.--Gwathmey brokers sold
| In small market; some hestati ton shown
In dry goods market restricts buying
here, though traders expect rally.-Hub-
bard to Reese.
New Orleans,-Map shows generally
| cloudy general rains except western
portion and southeastern quarter Of the
| belt. They were heavier overnight in
the central belt
New York.--Market very steady at de-
cline, but look for 1t to work still lower
as Liverpool starting to sell again
Gwathmey to Foster.
New Orleans,-Bad weather map and
good Liverpool, but trade inclined liqui-
date on weakness foreign exchange and
probable raise In federal discount rates.
Cotton goods quiet.--Fenner & Beane to
Wells & Gustafson.
Grain.
Memphis receipts: Corn 26, oats a
| and hay 10 cars.
Hog receipts Chicago $4,000, Omaha
| H. 900, Kansas City 10000, Sioux City
| 10000, ST. Joseph 10000 St. Louis
| 1900.
Chicago-Receipts Wheat $4,000,
corn $4,000, oats I'll 900, Shipments:
Wheat 1000, corn $4,000, oats 23S, 900
| ST. Louis-Receipts: Wheat $4,000
corn 81 900, oats $4,000. Shipments
Wheat $4,000, corn $4,000, oats $4,000
Chicago.--Grain traders were uneasy
| last night, expecting that something
| unknown was to happen today That
was indicated by the break in bids on
| corn and oats at the last. 1t was
argued that the embargo on shipments
| to the East would check the shipping
| business and make II impossible for
| shippers here to fill their January con-
| tracts. Continued decline In foreign ex-
| change to new levels coupled with the
| fact that the short inteest has been
materially cut down appealed to those
bearishly nciined.-Tribune.
Chicago.-Munson says Considerable
| talk OF embargo to the East. IL this
embargo goes into effect might have
bearish effect on grain. Shorts GOV.
cred freely yesterday and are about al
in, Would rather buy on the breaks
| for present
Chicago-Reported that railroads hav,
cancelled all export permits on grains
| Cancellation OF shipping permits re.
stricts cash demand to local industries
First sales corn 1 to 2 cents lower, will
probable further reduction before day
is over.-Babcock to Clark & Co.
| Stocks.
New Yerk-We hear from an excep
tional source the facts that develop
ments today have caused the abandon
ment of all hopes for agreement be
tween the house and senate committee.
on the Esch and Cummins bills.-Hut
ton to McFall
| ------9-
xANAx Nr NrYr vnxxr