The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-01-14
ROUND THE TICKER
Cotton.

Cotton.
The war savings organization federal
reserve board, Sixth district. Atlanta.
Ca, says the statement OF Gov. Hard
ing AZ the recent conference Of bankers
Of Washington makes IL clear that the
federal reserve board is seriously con-
cerned about speculation and eNtrava-
gance which rave been a feature OF the
| past years business, n a number OF
the leading banking houses IN their pc
riodlcal letters are commenting IN the
same subject and some go so far as
to predict a very dark future unless
there Is an early return to industry and
economy.
New Yurk-Local sentiment becoming
bearish again on outside conditions and
considerable Of a short interest Is be-
ing put out which selling has been large
ly absorbed by trade buying .-Overton.
OF McFadden, to McFall.
New York-wall street and local
crowd selling cotton. Market lacks
support-Hutton to McFall.
Columbia, S, c., wires; ]. S, Wanna
maker, president OF the American Cot
ton association, announced In a state
ment issued here that following on
f~erences with representatives OF for
eign syndicates he felt convinced that
he would effect the sale of 300, 600 bales
OF low-grade cotton to foreign
tries.
New orleans.-Llverpool appears less
uneasy over foreign situation than
American, n English Consols blSd, up
Nd, indicating confidence In foreign af-
fairs.-Beer TO McFall.
New York.-wall street and profess
SIGNALS led by Averill, selling, only news
ls strong goods Notwithstanding to
NgDtIRF Az TnEnnF
New Orleanss-Advices labor troubles,
with riots In Germany, may have de-
pressing effect, but strength spots Will
sustain market and would rather buy
on breaks,-Whlte to Cotter & Turner.
New Orleans.-Absence spot demand
In volume and disquieting industrial and
political news from Germany and Eng
land despite bullishness Of consump-
ton figures, with market lacking pub
lie support, rather expect continued
temporary easiness, but favor buying all
good setbaoks,-Newburger a. Co. to
Foster,
New ork.-Demand for export cot
ton goods showed some falling off as
compared with recent activity although
agents say they a sell all they can
afford to allot. South American buyers
are operating steadily.
New Orleans.-A Bombay dispatch
says NIldl Inc btSl Gbltul illllS VI Alldl
district are reported making 300 to 400
per cent profit annually, a cable re-
Ceived by a local house on Monday
said that a strike of 200, 900 operatives
had caused an entire shutdown Of
Bombay cotton mills.-F. Clark & Co.
New York,-Sterllng sight on London
or Liverpool, 373; 60-days on English
banks, 1859; 90-day bank, 1857. Francs,
cheques, 1875; sight, l126%; 30-days
qtCht 110vA, IN daNa Siyhf an hnnkG
1881. Marks, IN; market dull and
lower.
New Orleans.-A prominent CORE
spondent wires from Atlanta: Market
has shown very unhealthy undertone
for past several days after a bull mar
ket OF 10 months and present unsatis-
factory financial and political condi-
tons look for a very much lower
price within next 80 days. ! have d.
rect information from South. Carolina
mills that they are going direct to the
merchants In this section for sale OF
their goods."-Shepard & Gluck,
New York-Cables from Rome say
that the government has granted the
demands OF the railroad workers and
averted the general strike which vas
to have started tomorrow Slater to
McFall.
New orleans-Waco, Tex. wlr:s:
Need three weeks dry weather. as farm
work badly behind. Tendency will be
labor and renters may have tendency
to cut this down TO minimum. Spot
demand very active for the higher
grades; low grades drag on market.
New Standardization steamer Alb
raham Lincoln now loading will sail
from New orleans early part Of next
week for Genoa, Italy, with III" largest
cargo OF cotton ever listed for Genoa;
over 10000 bales.-Beer to nlcFall.
New York-The labor outlook in Eng
land. Germany and India is, not encou-
raging. Money remains at high rates
and likely TO continue so for some time.
For all that. It must be admitted that
public sentiment is ~unshakably conf
dent and optimistic, but II creates a
top-heavy condition which on the re-
appearance Of weakness similar to
Tuesday a week ago would lead to SELL
ing and would find n thin barket owing
to absence of any extended short inter
est-Fallon to Shepard & Gluck.
New Orleans-Texas City exports
%, 26S bales of cotton today and Bos-
ton clears ESQ. There were no exports
this day last year.
New Orleans-Dallas wires. NO
preparations have been made for the
new crop. Planters are getting alarmed
over the weather. There will be no
chance for farm work in weeks" Mil
takins this week win probably make a
very bullish showing as they compare
with 30l, 900 bales this week last year
and 245, 900 this week two years ago
Shepard & Gluck,
New York wires: "~Liauidations con-
tinue, being influenced by outside con
ditions. Liverpool and the trade are
small but constant buyers"
Chicago-Weekly government says:
Weather of past week mostly favorable
for winter grain.
Liverpool cables: "Ncil relterates
crop estimate of II, 700,O 900 bales, in
Guiding linters, and consumption est.
mate Of $500, 600"
New Orleans-The selling seems to
be almost wholly due to the u~nfavor-
able impression caused by the riots in
Berlin-Shepard & Gluck,
New Nork-Wall street taking profits
again; Mitchell only buyer, traders ex-
pect further liquidation followed by Liv-
erpool buying first hour.-Hubbard to
Reese.
Grain.
New York-Sentiment locally on cot
tonteed oil Is increasing bcarishness.
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