The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-01-28
ROUND The TICKER
Cotton

applies TO all grades,
Liverpool cables. We advanced on
recent short sellers covering and trade
liking call sales. The scarcity on con
tracts is becoming very pronounced,
New York-The cotton cables should
have given an advance here OF 100
points Il looks as II someone was feed
ING. the market, The new high IN silver
Is doubtless helping Manchester, and no
telling how high the white metal may
go nor how low sterling may go.-Fal-
ion 10 s. & g.
New York-Vienna dispatch says
Austria republic has obtained loan Of
one billion crowns from Britain fOI
supplies raw materials.-Hub "a
Reese.
New orleans--Peoplc in this market
who do business with Japan say that
Japan has orders In this country for
mill machinery to the extent OF Sl2,-
600, shepard & Gluck.
New York-Steamship Carmania from
Liverpool brought over l,249 cases cot
ton goods, No particular news on cot
ton this morning except by cable, Bears
thought they had the market going,
but this strong Liverpool will rally IL.
It's trading affair,-Clark.
New Orleans-Outlook for continued
good weather in favor Of further reac-
ton in the market,-Clark,
Chicago-There is moderate commits
sion selling OF corn, though nothing
prominent Smaller traders inclined 20
be friendly, Trade again light,-Bab-
cock to Clark & Co.
New Orleans-Galveston exports 80,
259 bales OF cotton today and Savannah
1906. total of 1886. Freight brokers
say that there are three japanese
steamers In port now loading cotton
and that two more are due here in
February, and they estimate February
commitments out Of this port for ia
pan at not less than so 600 bales. one
OF the biggest spot concerns In this
country is credited with having given
a local spot concern an open order to
buy middling and above at board quo
tations.-S. & G,
New Orleans--Strengt Liverpool re-
fleets better trade conditions Market
well liquidated We continue look for
Turner.
New York wires: Liverpool large buy
er July
New York-The advance in Liverpool
probably reflects the further decline in
sterling Political conditions in Eu-
rope show no signs of Improvement but
with strong spot market here and large
exports look for trading market for
present.-Jung to McFall.
New York-We expect higher prices
and suggest purchases around present
levels. Assistant Secretary of Treas
ury Leffingwell told the leaders of both
parties In the house yesterday that
because of the deplorable condition Of
the worlds financial affairs the United
States may soon have to extend further
tremendous rrRdifa IN NJ 70
protect its own interests.-Weld & Co.
New Orleans-Texas wire says:
weather clear the past two days; slack
demand; delay in winter blowing prin-
cipal feature at moment Beer.
New York Mitchell supplied demand
on opening; less pressure to sell; out
side trade light.
New York-One firm has cable say
ing trade calling scarcity contracts,
but break In sterling naturally bullish
in Liverpool hearish here. Hubbard to
Reese.
New Orleans-The market is rising
on reports of a better spot demand.
shorts are covering.-Shepard & Gluck
New York Sterling decline account
ing for Liverpool advance. Some COW
ering straddles some OF strength here
otherwise market apathetic and with
out any particular demand -Gwathme
to Foster.
New York.-London discussion Of new
law for exchanges indicates a belief
that European countries must find a
remedy in increased production and
A scandinavian broker is quoted as
saying that he expects the col
lapse of Germany any moment because
withholding by outside countries TO
start her industries.
New York,-The local or Wall street
short interest believed to have increas-
ed during the earlier trading owing to
selling on the weakness Of exchange
the trade continues to buy and this is
reflected in frequent rallies--Clark.
New orleans.--Spot demand not
urgent. except for middllng and above
and only board prices bid for the bet :
ter grades. Not much doing so far to-
day, Final action on peace treaty to-
morrow and while there is slim
chance for a compromise nessimistic
feeling prevails as to reaching an
agreement. Heavy demand for money
reported in New York.--Beer to McFall.
New York--There is apprehension that
Il sterling exchange drops further the
British government will further curtail
permission to import cotton and that
it was such prospects which induced the
calling of cotton by Manchester this
morning,
New Orleans-Peculiar market; scalp
ers now buying on expectation OF higher
Liverpool tomorrow on the bearish rea =
son Of decline in the sterling rate,
which will force Liverpool to go to a
wider parity with our markets-Clark.
New Orleans-Norfolk advises a plus
correction in exports OF 1928 bales and
a minus correction in stock of 303l
bales CLARK.