The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-01-16
ROUND The TICKER
Cotton.

McElroy, New York, SAYS spot sltua-
ton much improved demand good.
New Orleans-Weld cables from Llv-
erpOol. Believe March speculative Ut
gent long liquidation over and March
now largest hedge month, not only for
merchants who AVE sold but also for
spinncFs who have bought on call.
therefore expect IN near future March
to appreciate materially over May.
Spinners undoubtedly well bought 20 end
OF April. but are willing buyers for
any delivery up 20 and including Au-
gust, thus confirming reports from
Manchester that production has been
sold up TO the end OF September at
least. There Is an increasing demand
for new crop deliveries. not only from
spinners but also from manufacturers,
Several OF the latter we know have sold
cloth for delivery well into 1921, and.
being unable 10 buy yarn for that de-
livery, are buying October here. We
believe hat this demands for contracts
will continue and ultimately lock
up many contracts so that october may
temporarily sell nearer July and at
wider parity shepard & Gluck.
New York.-wire houses selling while
Liverpool and local traders are work
ing on bull side after yesterdays buy
lng.-Hubbard TO Reese.
New Orleans-Market disappointed
over foreign situation, but few inclined
TO ml-Ellis g. Co.
New Orleans.-Lsrge exports today;
f3, 900 already posted. Scalpers. mar
ket. purchase on breaks for moderate
turn.-kofler 10 Clark g. Co.
New York.-Seiling late months by
Liverpool and locals, coupled with poor
cables. caused decline,-Gwathmey to
Foster.
Liverpool cables: Good class buying
at opening extracted some local long
liquidation: much better undertone Oh
improved labor outlook"
New York.-The longs In cotton are
evidently OF opinion that they are not
susceptible to the financial laws gov.
erning the rest OF the country. The
reserve board warnings mean nothing
but they may suddenly realize that they
are included, and the trouble is that
when they do realize II the market will
not be as big and II will be a hard mat
ter to liquidate.' -Ettelson to Clark &
Co.
New York-Mund sold about 10000
March, thought to be for Wall street
account.
New OrleanA-Unsettled politica
news causing liquidation and short sell
easily effected by outside news. W,
continue to suggest purchase on set
backs.-White to Cotter & Turner,
London silved I'D. down ? pence.
New York.-Do not see any signs o
shorts covering this morning; Soutl
continue to sell March and May.-Junt
to McFall.
New Orleans. Future Of marget un
certain owing ~unfaVorable European
political situation England may have L
send army back to the continent Il
check progress Of Bolshevik army, Elk
ports from Brunswick, Ga, today 6 5000
Beer to McFall.
New Orleana-Spots dull again. Look
like exporters waiting until last wee
In month to fill January needs, OWN
TO the decline In exchange rates.
Kofler.
New York.-Reports that severa
firms were prepared to accept deliver
on January contracts attracted atten
ton. According to gossip two firms a
least long something like 5000 to 1000
bales between them.
New York wires: Outside condition
are against the market, but think tn
technical position Is good"
New York.-Declined oh very sma
offerings; traders expect local suppof
later, which Ia not apparent yet.-Hub
bard to Reese.
New Orleans-Associated Press says
Japanese foreign office has announc
that q formal note will be sent I
China asking the appointment Of
commission to negotiate with Japan re
Earding the restoration OF Shantunl
Action by Japan, however, can be oni
preparatory as she is waiting for Ger
man documents concerning details c
rights in the province.-Kofer.
New Orleans-Some Of the selling
| 1MA tn tho aannnint On uiu urNnII AL
ings, the pointer being only 252, 900 |
262, 900 bales against 4l1,000 last wee
30l 900 this week last year and 246,0C
this week two years ago.