The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-05-11
ROUND THE TICKER
Cotton.

Cotton.
New York.-Local taders selling mar
ket on report arrivals 600 bales cot
ton at New York. Liverpool selling also
helped depress market. Don't think
they win make much progress on short
side Would buy on weak spots for a
turn as only look for trading market
for while -Overton to McFall
New York.---A cable from Liverpool
Lancashire business absolutely stagnant
Manufacturers appear to be heavily
overbought in yarn.
New York.-A steamer with 10 600
bales OF cotton arrived here this MORN
ing. There is some talk it will be eX-
ported, but we understand 1t is going
to be certified and this would indicate
rendering on contract for May delivery.
July steady on trade covering, but more
favorable. weather map causing heavy
selling OF new crop from Liverpool
Wall street and local crowd Jung to
McFall
New York. Market Arm on buying
by Liverpool Forecast is for showers
where not needed. win probably close
higher,-Weismann to Neral.
Liverpool cables Continent selling
distant months.
New York-Some Texas dispatches
said that part OF that state was getting
too much rain and more rain was the
| forecast. Boil weeVil has already APP
peared in parts OF Georgia Farmers
| there are in some cases blowing up cot
ton and planting other crops owing to
a cold, wet, late season. Some who
look for lower prices frankly say that
they expect a decline to be brought
| about not by better conditions but by
conditions under the stress of general
deflation,--oprnal OF Commerce.
New York.--Yarn depament OF New
Bedford mills have been operating with
| fu(r ~ httt In
Dor leaders claim that il the weavers
| hold firm for another week the mills
will be forced to close. Manufacturers
claim gain of over 5000 looms yes
| terday, The strike is affecting upward
of 10000 operators-Persall to Nc
Fall.
New Orleans. Reduction in prices of
goods considered a bullish development.
especially in long run since 1t tends
| to increase consumption. The. public
will get the benefit of the reduction,
farmers are benefit of larger consump
| tion.-Beer.
New Orleans.-W Weekly weather and
crop government report tomorrow likely
be favorable for Texas and Oklahoma,
| owing to recent beneficial rains, prob
ably unfavorable for eastern belt, be-
cause of too much rain. However, its
| tenor may be favorable as a whole
Beer to McFall.
news goods trade which continues poor,
no Southern selling, traders badly mixed
but inclined to buy on ground no real
Observation-Disclosures Hubbard to Reese.
New York-Some outside selling COM
ing in.-Hubbard TO Reese.
| For Worth, Texas, wires: 'Rained
| very hard here, considerable lands COW
cred by overflows from recent rains"
shepard & Gluck.
New York.-Liverpool at noon barely
meets our advance Temperatures in
| the South are seasonable and crop
ought to be making progress, but there
| is a great deal of doubt in trade circles
as to the ultimate yield. This is sus
tanning factor and brings buying orders
on all declines.-Ettelson to Clark.
| New York.-Liverpool bidding for
cotton; very little for sale.
New Orleans-Strength of July New
| York in connection with flrmnesS near
positions Liverpool causes advance on
straddle operations.--ko
New Orleans-Dallas wires rained all
night, still raining, many complaints
too much rain; river stage will reach
highest on record. -Kofler to Clark.
New York.-Locals and professionals
| hammerng market.
| New York, -Gwathmey sold 5000 Oc-
| tober.
l
| force liquidation.-Beer to McFall
| Northumberland cotton condition
! report of season will be issued June
at II am, Eastern time.
Sherman, Tex.--Conditions over North
| Texas deplorable account too much
rain. one third acreage not planted,
and large percentage will have to be re-
planted
| New Orleans--In effort to depress
|
| but crop accounts and weather outlook
| against lower market. Think will re-
quire constant selling to hold values
| down. Favor buying on the dips
| Reilly to McFall.
Washington-The senate shortly will
open up a new attack against profiteer-
| ing. Shoes, textiles and foodstuffs are
likely to be included in an economic
survey which is under contemplation.
| Many of the most conservative men
in the senate believe that some form of
a showdown must come in the near flu
ture.
New Orleans--Too much rain is fall
ing in the western cotton belt. Hugo,
Okla. wires that something resembling
coudburst occurred there. Dallas
wires that Trinity river is at the high
est stage since 1908. Greenville, Tex,
wires that it is raining heavily in that
section and that creeks are out of their
DdnkS LOT miles shreveport wires nafu
rain to the southwest of there,-Shep-
ard & GluCk
Jay & Co, New York, wires: Liver
pool sold country bought outside views
continue against market, ten thousand
bales arrived here from Savannah; gov
eminent will finance no more exports;
stores all cutting prlces.-Fenner
Beane.
New York-~There was quite a little
bearish talk on floor and we hear some
traders predicting very substantial de-
clines -Pearsall
New York-Cotton bulls are rowing
against a strong tide, but their oars
may break or their power of endurance
may reach the limit. Every argument
favorable to their side has been ex-
hausted with nothing left but prospec-
tive weather and sentiment -Fallon to
Shepard & Gluck.
New Orleans-Heavy selling is being
done by traders who seem to think thai
weather conditions are all right and
that the weekly crop reports tomOr-
row will be favorable. Shepard &
Gluck
New Orleans-Markct weakening on
selling on general reactionary tendency
as reflected by action Of stock market
and dry goods and other reviews Looks
like change in sentiment New York and
Chicago, -kofler to Clark & Co.
Grain.
New York wires: There was A better
demand for wheat late Yesterday and