The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-03-20

Cotton

new Qrieaua--tl maj 8luuluGss Deltef
may and failure 70 ratify treaty brought
heavy realizing.-lllis & Co.
New Orleans-About coo March mo-
ties. some stin circulating, caused break
Of nearly cent In March,-kofler.
Chlcago-BIarshan Field & Co. in
their weekly review Of the dry goods
trade. say: Current wholesale distri-
button Of dry goods has been Of much
larger volume than during the cOrre-
spending week OF last year or any pre-
vious year orders from statesmen on
the road. both for immediate and fu-
ture delivery, were also greatly ahead.
Customers were in the house in large
numbers. Retail business is reported
excellent Collections are very satisfac-
tory
New orleans.-The governments es-
Innate OF the crop is 1000. 600 bales. In
SOO-pound bales the final ginning viii
compare with 12.O40.5S2 bales last year
and 1l,302.3I5 two years ago.-S. & G.
The New York cotton exchange an
nounces that its board OF governors
have suspended the 00-point rule on
March contracts from March % to
March rs inclusive. No other months
are affected.
New York.-Shap has left market
needs support, won't hold as weather
improving .-McElroy to c. & T.
New orleans.-Failure of ratification
peace treaty coupled with unfavorable
political situation abroad may cause
some liquidation: while we consider
short sales still unwise, would buy only
on weak market.--White to Cotter &
Turner.
New York.-Fall River sales of print
cloths for week totaled 100, 900 pieces,
compared with a curtailment Of 100, 900.
Strike of doffers, it is estimated, cost
the total production about 80 900 pieces.
strike has stopped most of the night
operations in the mills of the print
cloth division.-Pearsall.
New York.--It is estimated from sta
tistics that the number of cotton
spindles In Germany is today 9.322,95S,
with 34O,745 power looms. What this
| machinery will be able to do this year
seems to depend entirely on the politi-
| cal situation.-Slater to McFall.
New Orleans.-Sentlment remains d.
Vlded. Favor buying In event of i'm
portant decline. Completing of filling
| OF March commitments likely be a
market feature next week, spots de-
| mand likely to broaden.-Beer to Nc
Fail.
New Orleans.-The market shows
good resistance to selling pressure.
New Orleans-German news is very
bad and soviet and communist govern
| ments and republics are springing up
| all over the Wnll6 armed WOTk-
| men have taken possession of Essen,
where the big Krupp works are located
| The department of agriculture an
| nounces a hearing for April g. on the
| question of quarantining the whole of
| Texas and Louisiana on account of the
| pink bollworm, although the hope Is
expressed that the quarantine may be
| restricted to the infested areas. This
| may become a highly important feature
In the new CROPS. & g.
Texas still needs rain,
New Orleans--Fort Worth. Tex,
wires: Oklahoma reports large sales of
low grades last few days at advanced
| basis' Liverpool buyers are taking all
| better grades and staples appearing on
the market Havre cables that 1t looks
for early improvement in the demand.
| 1t certainly looks as If present prices
are justified. IS. & G.
New Orleans.-The census bureau
Is bearish because 1t is we'll above
expectations and private estimates,
but at that, the figures are not alarm
ingly large.-S. & G.
Gram.
Chicago-Outside markets outbid Chi
cago for corn down state last night
Louisville bid equal to cents over May
at country stations for loaded oats or
better than the Chicago spot market
while Cairo bid 92 cents for No. 3 white
7-day shipment.-WIld to S. & g.
All States-Fair tonight and Sunday,
warmer.
Chicago.-A member of the Chicago
Board of Trade name not revealed, has
asked the department of justice to in
vestigate recent transactions in May
Ecorn.
Washington.-Attorne General Pal
mer after receiving by telegraph nu-
/ Lot
ing that price of corn was being ma
nipulated by Chicago Board of Trade
referred the whole matter to Distric
Attorney Clyde for investigation. Off
cials of the department Of justice mad,
r public none of the complaints, but sale
they were uniform In character anC
bore every indication of coming from
persons who had been caught short il
the market, and accusing someone o
manipulation without any particular ev'
idence upon what to base the charge.
Stocks.
New Yolk-Little, of Chandler Co.
s says: Mexican petroleum now has
/ surplus of about 5000, 900 barrels of oil
in it's storage at Tampico. That's tn
kind of an oil company 1t is
; New York-The buying of Genera
Motors this morning is of the best char
+; acter 1t will sell at 400 before first Q
{; April.-Danforth to McFall.
New York.-Morse says talk of an ex
> port corporation to finance copper sale
is causing strength in copper stocks
Shepard & Gluck.
{; New York--There is rumor on stock
that General Motors is to take owe
Stutz Motor. This is the cause of tn
= | advance in these stocks.
! BANK STATEMENT.