The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-06-05
ROUND The TICKER
Cotton.

New Orleans.-The barometer lines
on the weather map are untaVorable
for they show a new trough OF low
pressure extending from Canada down
into Mexico. AS this low barometer
works across country It is likely to
bring more rain to the belts, & q
New York.-n we make a moderate
size this year II will be a great sur
prise and Notwithstanding gloomy out
look october Is selling cents un
der July, and March cents under DC
tober. II seems to me all the oppor-
tunities are on long side in the dls-
count months --Ettelson to Clark X
Co.
New York-Spot houses good buyers,
South and locals sold. Cone and Rior-
dan very good sellers.-Clark Il Co.
New Orleans-Advices from Northern
market said there was a good deal more
buying for foreign account showing that
the low bureau report had made an
impression abroad. Weather develop
ments as expected, night records show
tendency to clear over western hat OF
belt, but cloudy showery over eastern
half with needed rains over Atlantics.
Tendency TO clear generally over sun
day.-Kofler to Clark & Co
New York.-Wool failures inevitable
because no futures market for protec-
ton: cotton not affected, still piltng up
short Decentralization to {. l.
New york.--Sales Of print cloths at
Fall River, Mass, for the week were
about so 900 pieces, Trading was hght
and there was little bidding at prices
that manufacturers would consider
Wollman to McFaH
New York.-Traders surprised at ad-
vance in small market; they are pear
ish with local outsiders short expecting
better weather.-Hubbard to Reese.
New York.-FoIlowlng appeared In
New York Sun Friday: Boston-A COM
mittee of local bankers took over to-
day business of United Wool company
of Nevada, and with the concurrence
of the company appointed LudMlg Else
mann to manage its affairs. Inc com
pany has liabilities Of S6,000,OOO to ~
| 600 0O0 and assets under average mar
ket conditions to be $l,000OOO greater
Complications in its finance, 1t was
| said, made administration by the creu
| itor banks desirable, but no assignment
was ade.-Wolman to McFall.
New York.-Mariet easier on selling
bv Japan and professional crowd.--CleV-
enberg to McFall.
Waco, Tex-Prominent cotton men
Of Waco making trip in automobile 70
San Antonio, thence Cuero, victoria 10
Houston, wires us from latter place
crop as whole very poor, rained all the
way from san AnlOlllO " llObpN'h' 49,
| tie fairly early cotton around san An
tonic, but bulk of crop just up, much
of it very foul. labor scarce and worth
| less; lot of fine land lying out and
| unless conditions in future very favor
ably lots OF cotton planted Will be
| lost With any further rains crops VIII
| be disaster. In Waco section weeVll al
ready plentiful; party brought in today
several stalks foot high blooming
squares formed, but full of weeVil
clear dry weather absolutely necessary
| from now on to raise average crop
Davidson to Fenner & Beane.
New Orleans.--Bunkie, La, reports
| first cotton bloom that section on cot
ton planted in 80 acres during March
! Beer.
New York.-C. T. Rever says: I'VE
are confronted with a case OF specula-
| tive perversity. We have five short
crops in succession and another looms
up, possibly shortest in two decades
| Few persons are really bullish enough
| to buy, mostly talk Hope of crop
| Improvement in June are reasons for
| hesitating, They are also likely to
| furnish reasons for an astounding ad-
vance if we should have another period
of bad weather this month. We are
| entering one of the great bull markets
| of history. "-Fenner & Beane.