The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-08-24
ROUND THE TICKER
Cotton.

Ioklo. - Tne financial depres-
sion has caused the discharge OF many
workmen. which has resulted in numer-
out strikes all over Japan. From Osaka
comes the report of the layoff of 5000
textile operators.
New orleans.-The market acts badly
oversold and seems to want to do bet
ter Bullish traders are cautious be-
cause OF the extremely unsatisfactory
foreign trade conditions. little ag
gressive support would cause wide re-
actions upward. but the only support Is
from covering shorts.--S. & G.
New York.--Increased mill curtailment
was factor, although many now closed
down or working on short schedules
WIN increase their output after Labor
covering. making II look as though some
of the bears have become more cautious
lowing to the extent OF, the recent de-
cline.-Galvin to McFall.
New York wires market has best tone
II mas mad IN two weeks; absorbed q lot
OF cotton this morning and shows 1t
still has a kick left.
Chicago.--Our Mr.. Cromwell wires us
from Edenton, N. c.: DAILY rains in
North and South Carolina since Aug
l have set back cotton five points. A
period of imperfect polarization has
resulted and blossoms have fallen pre-
maturey. Some fields have not come
AAAhp btSOtAis "dbhNl " N ".
Waco, Texas.-Decline not being re-
ceived very well, Think shorts position
at this level not very comfortable. South
now called upon to absorb not only diff
ference between August premium and
September prices on spots, but to d.
gest and accept further severe break
OF today. Feeling Is distinctly different
now to what it has been up to this
time.
New Orleans.-Better feeling in face
of better weather outlook and recent
drastic decline discounts much of bear
ish features Favor buying owing big
discount and much lower level than one
week ago.-Beer.
New Orleans.-Gwathmey wires ex-
pect good reaction before bureau.-Beer
to McFall.
New York.-Covering put down to
Gwathmey, Owens or Wall street, 9TH
ers say erpool.-Hubbard to Reese.
New York.-There seems to be much
better demand here this morning. Wall
street and commission houses buying
for reaction. Local crowd and for
eign trade interests supplying the con-
tracts.-Hutton to McFall.
Liverpool cables Cause weakness
general depression. expected coal strike;
recent bulls turned bearish think mar
ket sold out.
New Hork.-Liverpool broke sharply
on the opening but by noon was stead
Ter The big question there is whether
or not the coal strike will materialize.
In the cotton belt the weather is
no attention. in market, being liquidat-
ed. Declines and advances are usually
overdone, and while there is nothing
at the moment en- which to base hopes
of permanent advance, we may get
an unexpected sharp rally at any mo-
mnnt ~ q NJ n rlnrl e.
New Orleans. New York wires seems
be distinctly better trade demand. Think
crop Atianties mostly weed, Valued
correspondent says last week weevil
very bad, puts condition Mississippi,
Alabama, not over 55. Note-Bureau
last month Alabama, 81; Mississippi, II.
Beer to McFall.
New York.-With crop accounts good
market is saturated with bearish senti-
ment, so depressed that reactions
abroad and here due any times. T. H.
to Reese.
New York.-The readjustment which
is extending to all commodities Is
bringing cotton more in line. When We
compare the decline in raw wool, silk,
coffee, cotton is still high.-Weisnann
to McFall.
New York.-Traders at loss to ac-
count for Liverpool buying here, which
steadied market.-Hubbard to Reese.
Receipts at Houston today are Sill
bales against S51 this day last year.
New Orleans.-The market is ad-
yancing on the press reports that the
Russian northern army has offered to
surrender.-S. & G.
New Orleans.-Waco, Texas, wires:
Raining throughout this section, reports
of damage from rains and insects in
creasing daily. Understand Chicago
Says big short line cotton covered to-
day-Fenner & Beane to w. & G.
Houston, Texas, wires: Think cheap
ness spots being exaggerated. There
has been considerable old distress cot
ton sold out, but new crop holding up
pretty well. We paid 291ac to soc, land
ed Houston last night.
New Orleans.-Market advancing on
better Texas spot news and political
news Europe. Prospects early peace
Russia and Poland.-Beer.
New Orleans-Easier owing realiz-
ing by longs, steady at decline. Worst
seems over for present. Greenville,
North Texas. wires cloudy, COOL weevl
active, increasing; last ten days worst
in west.-Beer to McFall
Reliable Liverpool firm cables: Ex-
pect good reaction before bureau, dis
tressed selling seems over, better I'M
dertone.-F. & B. to w. & G.