The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-08-10
ROUND The TICKER
Cotton.

New York, ---Indictions that the for
elgn political situation is somewhat less
acute Is reflected in Liverpool market
this morning. which at noon was II TO
~ higher. While the weather continues
bullish the foreign situation is far from
settled and we do not think il advisa-
bic to follow advancing prices too far.
It & NJ.
New Orleans.-The situation, so far
as The crop itself ia concerned may be
summed up in the fact that the belt IS
getting Just the weather ii Dies not
wants. n G.
New orleans. --Abilene, Texas. wires:
Too much rain here and weather 100
cool TeNarkana. Texas, wires. Two
inches Of rain here and still raining
New York-Senator Dial of South
Carolina, has secured figures from the
agricultural department showing the
carry-over IN the United States. $685.
600 bales OF lint cotton. Hester's recent
figures are around t,000.U00 Included
American cotton In Europe and prob
ably linters. Market may rally some to-
day on continued rains South and de
ciston not TO wage war on Russia
Clevenburg to-IClark & co.
New Orleans Favor buying cotton
very bad weather in the interior
OReilly tn MCF'all.
New Orleans---Th weather man Is
unfavorable, too much rain in the belt,
The rainfall covers the entire eastern
and central divisions and most of the
western, and at many localities is
heavy ranging from one to three inches.
5, & G.
New York.--Advices from New
Bedford, Mass, say definite steps to
curtail production because of lack of
orders were taken this week by q num-
Der Of New Bedford and the FAN River
cotton mills.
New Extraordinarily government
report and crop review tomorrow likely
to be bullish as a whole, National Gin
ners semimonthly crop condition re-
port due, probably be issued in day
or two, perhaps today. UnfaVorable
politics holding market down in face
OF bad weather. Trend of values to-
day likely to be governed mainly by
European political news. Sentiment re-
mains divded.-Beer to McFall.
New York.-Liverpool sold on, arbi-
tage. New Orleans bought, expecting
less favorable weekly and more favora-
Bile foreign news.--Hubbard to Reese.
New Orleans.--The market is doing
better on the continued bad weather
over the belt Shorts are inclined TO
cover and there is fresh long demand
on the absence of any disturbing politi-
cal news. & G.
Official forecast should prove sus-
tanning factor unless unfavorable for
eign news received. Likely to do bet
ter If more optimistic reports from
abroad come in.
New Orleans reports con-
siderable weevil activity that section
Georgia past week, however, still in
clined to opinion caution advisable I'M
til European situation becomes clear
er.-Fenner & Beane.
New Orleans.-Abeline Texas wires
us; Raining hard again this morn
ing over Abelne territory and cool,
grasshoppers becoming numerous gu,
here.--Fenner & Beane.
Washington.-Dep of Justice
is conducting an investigation into the
textile industry to determine whether
closing of cotton and wooden mills is
due to conspiracy by manufacturers
to continue high prices.
Macon Ga.--Entirely too much rain
this section. Many complaints of
weevil.
Liverpool coolies: Scattered buying,
shorts covering on crop accounts less
favorable. Very little offering. Tone
steadier, but market small.
Atlanta, Ga.-Reports from Screven
county state weevil did more damage
last week than during whole season, re-
ported as numerous.
New Orleans. Lloyd George reas-
sures the world in his speech to parla-
ment today by stating that he has
hopes that war with Russia may be
avoided. It looks az if the labor unions
won't let England go to war aginst the
Bolsheviki but, aside from that if the
experiences of 1914 are anything to go
by the English premier in a couple Of
days may be telling parliament another
story. There is a persistent rumor that
the Bank of England rate will be raised
to 8 per cent this week.
\ Galveston clear 1O,1S4 bales of cotton
for foreign export.