The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-10-22
ROUND THE TICKER
Cotton.

ers will be introduced in parliament
Monday. Bill viii be drafted to meet /
present strike and will give power to
ration and control all sources.
Dry goods reports are more encourag-
ing. New York stating that more BUSH |
ness Is being done on certain lines
which have been drastically reduced |
In price.
Liverpool cables Heavy buying by |
Manchester and general buying on |
more favorable outlook created by Pre-
mier Lloyd Georges statement of re-
sumption of conferences with miners
executive. Improved spot demand.
New orleans.-Houston wires: Heavy
rains in this section and understand
big people, are securing the country
xor spots and finding nothing for sale.
Shepard & Gluck.
New York-West covering; Eccles
cables heavy buying anticipating set
Element strike, no fresh. news,-Hub-
bard to Reese.
Montgomery. Ala. wires: Consider
able inquiry from Europeans but hold
ers in eastern belt not offering; tnls
makes business difficult Montala
mills of this city have good inquiry for
goods for forward shipment and made
some sales.
Dallas. Tex, wires: Twelve hundred
Texas bankers passed resolution here
90 per cent and to refuse to pay for
picking low grades this year.
New York-Short interest probably
larger than we estimate. If spinners
follow advance will steady around these
prices.--Hubbard.
Manchester buying on prospects re-
sumption conference with miners; i'm
proved spot misunderstanding to
Turner & Reid.
New ,York:-Liverpool has been
tremendous buyer this morning, about
1o,O00 bales December, January, March;
South sold.--Sanders to Clark & Co.
New. York-Liverpool buying dis
tant deliveries; while no positive adj
vices about strike negotiations are evil
IDENTIFY at work Manchester reported
large buyer; doubt if this extreme ad-
vance holds.-Hubbard to Reese.
New Orleans.--Spot man says: Just
sold goo bales f. o. b. cotton at sc bet
Ter than same lot was offered yester-
day.. & B.
New York.-Liverpool bought between
$1,000 and $4,000 bales this morning.
! EA 5. continent are large buyers.-F.
Fall River, Mass.-Employes of Mas
sassolt Manufacturing ahVe offesed to
acopet 20 per cent reduction in wages
rather than permit plant to shut down
owing to high manufacturing COSTS
New Observation-Disclosures that upon
inquiring of Atlanta federal reserve To-
cal branch fas advised today that cot
ton factors paper was eligible for re-
discount, provided factor made affidavit
ha had meet thet hs % % than no
reborrow and that loan was purely for
commercial purposes. II this reflects
Washington's decision, expect higher
markets.TEllis & Co.
New orleans.-Temple, Texas; Good
inquiry for spots last night; nothing for
sale. Greenville, Miss: Good mill de-
mRnd.-Beer to McFall.
New Orleans-Reported United States
government has decided to get out of
the price-fixing business and to permit
supply and demand to rule. All price
fixinb committees have been dlsbanded
Beer to McFall.
Manchester official cable: Cloth ac-
tive and firm; more cheerful feeling in
yarns.
New Orleans.-Sulphur Springs, Tex,
wires: A decided holding movement
has developed in. North Texas and the
strength of the future markets of yes
terday and today is encouraging the
farmers very materially and We doubt
il much cotton will be marketed in the
interior under 30 cents basis.-S. & q.
New Orleans.-The market is doing
better on persistent reports of a better
demand for the low grades. Points in
the central belt claim the best demand
for low grades in long tines. G. G.
New York-Kieffer is a good buyer,
supposed for Jap interests-F, & B. to
Wells & Gustafson.
Grain.
Chicago.--"About 100000 bushels,
mostly Manitoba and gulf wheat,
worked for export yesterday.
5,s64O00 corn. Wheat 215,OOO; oats,
none.-Wild to Shepard & Gluck.
49,, Chicago.-Emporia, Kas,, wires:
Thomson and McKinnon: Country Of
ferings of wheat largest on crop Every
mail brings consignments. Looks like
farmers agreement is a failure.
Minneapolis---S for six days
increase. $4,000, last year, 450, 600;
oats, increase, $4,000 VS.. decrease, co.
900.
London.--Good rains reported in Ar
gentina. 1t is stated that J. Rand,
Limited. is acquiring large interests
IN Buenos Aires and other Argentine
grain elevators.
Chicago in all grain
with only slight rallies continues. Enor-
nous crops of coarse grain with only
a domestic demand and less animals to
feed has completely killed the buying
but can see no reason for higher prices
at present.-O'Brien to McFall.
Chicago in premiums of five
10 eight cents in cash wheat, and one
TO two cents in cash corn tell more
potently than words the slowing down
Of demand. Until confidence Of buy
ers is revived, all rallies will be feeble.
The weakness and the decline in wheat
recall the action of the corn farmer
who flooded markets with reserves aft
er severe decline.--T. & M.
Grain belt forecast: Showers and
cooler weather over practically all of
the grain belt.
Kansas City.-Message from Emporia,
kas., reports country offerings wheat
largest on the crop.
Chicago G. Co.. Minneapolis,
wires THAT the agricultural districts
are receiving just treatment in the
matter of loans in the Northwest is
shown by banking statement issued yes
terday by seven principal Minneapolis
banks. which shows their deposits to
be $30,0O0,000 less than they were a
year ago, and loans $24 ,000, 900 greater.
One prominent banker said: We will
not crowd for payment until 1t freezes
and farm work is checked &C. C. g.
Co. to McFall.
Chicago Miller says: Rain
would be beneficial over considerable
territory in the winter wheat belt.
Complaints of dry soil have been In
creasing. Although in the last few
days good showers have brought relief
in southwestern districts. In some sec
lions wheat is well above the ground
and looking fine and stock has been
turned into the fields. Western farm
ers talk of reducing acreage because
Of unsatisfactory prices-Clement to
McFall.
New York wires: Export demand
for wheat showing considerable i'm
proVement. Swiss government credit
ed with taking million bushels of