The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-11-18
ROUND THE TICKER
Cotton.

v New Yorkshire character of buying
as yesterday morning. Local traders
no change in general trade.-Hubbard
| to Reese.
New Orleans. pessimism con-
| tinues. Market lacks substantial sup
| port While lower prices likely, can
| not advise selling this level.-Newbpr-
ger q Co. to T. & r.
New Orleans.-Spinners takings for
week tomorrow likely be bearlsh again,
returns will run against 100000 last
year and 1858 900 in 1918, were only
| 2SS,000 last week,-Beer
New Orleans.-AOnly moderate selling
Is coming on quiet market, but there
| Is almost no demand to take care of
| it. Some selling is due to claims OF
somewhat freer. offerings at some Texas
points. -
New orleans.-Dlspatches just re-
ceived here state that Lloyd George
announces in parliament that mgland
has opened UP trade relationW with
soviet Russia. This should stimulate
important new trade.-Shepard G. Gluck.
Charlotte, N. c., wires: Another
late group OF mills here closed today
for an indefinite period"
New York.-Entire output Of New
England mills cut in two, some mills
closed down altogether.
New York.-Still dropping too much
like falling star, but some think mar
ket semaphore displays a red light
signal on the short side, meaning dan
ger ahead. Certainly the price is get
ting to point where the trade is buy
ing more or less and some experienced
operators refuse to sell. One member
here thinks cotton win go up five cents
before 1t goes down two cents. Some
others think the short side Is not worth
the risk involved.-Journal of Com
merce.
New, Orleaps.-Factors and buyers
deny Fumor that local spot basis is
breaking: say lower futures go, basis
works higher and claim factors not Of
fering SPOTS. One factor claims basis
sold 800 shy Liverpool good middling
at 17S on December, were offered only
l50 on.-Beer to McFall.
National Ginner's report shows gin
ming to Nov. IA was 1886, 900 bales, or
1,366,000 for period, compared with II
$4,000 last year and 1,299,000 for period.
Figures by states; Alabama. $4,000;
Louisiana, 30S,O00; Mississippi, 100000;
North Carolina, $685. 900; Oklahoma,
632, 900; South. Carolina, 1,053,0OO Ten
nessee, 162,0OOs Texas, 3,t43,oO0; various,
10000.
New orleans.-No special news to
dCCOuHL lot luTlIleT. uUCllne WHICH eS-
tablishes new low records again for
season. Possible expectations, unfa-
yorable mill takings comparisons Fri
day restraining support the lack of
which is being felt more than any real
selling pressure.-F. & b. to Wells &
Gustafson.
New Orleans.-West Texas wires:
Receipts increasing, but good portions
are being stored. There is little more
uneasiness part holders, however, and
II this should become pronounced and
wave, of selling in hedging would ma
terially increase and we doubt If pres
ent prices could stand.-F. & b.
Liverpool cables considerable hedge
selling at opening absorbed by Man
chester buying. Trade fixing call sales.
New Orleans.-The market has no
real strength except what it gets when
shorts cover NBearish traders on the
floor say they are selling again because
there is no spot demand and because
there. are. no signs that a spot demand
will develop in the near future. Ship
ments for export from Galveston today
are large, 26,617 bales.
New Observation-Disclosures Tex, says
that 10000 bales of cotton will rot In
the fields in Runnels county alone. New
York says that cotton goods continue
dull and easy.-S. & G.
New Orleans.-Barometer lines show
the cold wave still over the cotton re-
gion, but greatly diminished In intensi-
ty. To the west is another high area
and it would not be surprising to see
the two areas come together and form
a new high which would mean several
days of fair weather for the belts. |
& G.
New Orleans.-The wave Of pessimism
seems to be reflected in Liverpool, al |
though the Improvement in sterling is
in a measure responsible for the decline |
in that market. There is evidently not |
much of Il speculative interest in the |
to respond to bedrish develop |
ments, but market appears to US as |
sagging of its own weight. We are
still inclined to the belief that cotton |
has some value, hence We refrain from
advising our friends to take the short |
side.-Cluck