The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-10-13
ROUND THE TICKER
Cotton.


A Washington special says: Threats
Il farmers strike anG demands f..
tho prosecution Of members Of the fed
"rai reserve hcaIG were made yester-
day at meeting offended by cotton
producers. wheat growers. tobacco rails
crs. live sock mCil and other producers.
The wheat men want SO a bushel for
wheat and the cotton men want 40
cents a pound for cotton. The cot
ton producers and the Northern wheat
growers clashed when Benjamin G.
Marsh. secretary of the Farmers Ma
tional council. severely censured Sem
ator +. d. Smith Of South Carolina for
advocating that farmers curtail produc'
ton and withhold their crops from the
market until satisfactory prices could
be obtained"
New Orleans Liverpool cables: THE
market fell yesterday because financial
and industrial depression is worse than
ever. Manchester Is affected by the
| decline in silver. shepard & Guck.
New Orleans.--Think distressed cot
ton in Texas sold out, and that offer
ings in future will be smaller. Any
| indication for unfavorable weather like
ly cause sharp advance. Cold waves
generally occur between Oct. Is and ~.
Favor buying at this now low level,
especially on depressions,-- to Nc
Fall. H.
Charlotte, N. c., says: Cotton mills
at Gastonia and a number Of others
| in Gastonia county will be closed all
week to permit operatives attend the
county fair. The dull market for goods
Is also a factor in the closing.
New York-The weather remains IA
vorable in the cotton belt and in bust
ness there still no change for the bet
ter. The decline that has occurred
is distressing to many holders Of the
| staples as well as manufactured goods
and so long as there is such lack Of
| confidence there is still a likelihood Of
some temporary lower values being es-
| tabliShed.--T. & NJ.
New York-The unsettled conditions
| in textiles with lack of buying power
| causing further pressure to be exercised
on cotton futures. II is, however ad-
visable to refrain from sales after the
extreme decline shown. Believe cotton
around 20-cent level purchase al
| though the demand is not large at
| present-WeiSman to McFall.
New York.-Room sentiment chang
| ing somewhat; many think time get off
| bear side: some expect federal reserve
| change policy as political move
Clevenburg to Turner & Reid.
New York-Trade looking for re-
covery from depression, too rapid they
| think. however, no signs as yet Of de-
mand for cotton goods'-Huobard to
| Reese.
New York.-Heavy Southern and
commission house selling; buying power
| insufficient. Texas basis weaker SEN
| tment mostly bearish. TO
Turner & Reid.
Liverpool cables: Manchester very
| bad; more Curtalment.
Greenvillo. Tex. wires: It is clouding
| up here and looks like rain.
l MI, -
| the weekly report is that it mentions
| the crop practically finished over large
| part Of the belt, which shows that pro-
| duction is short. Large crops only
made on late production. The report
is good on the Western states, but the
| change in weather which is now com
| ing on the belt is liable 10 destroy late
crop.-Koefler to Clark Co.
| New York.-Texas reports a weaker
| basis. A prominent Memphis spot firm
| says the basis is getting higher-Clark
& Co.
New Orlcans.-Houston wires SPOT
| demand still negligible, but much less
pressure to sell; basis unchanged, parity
| December New York for middAng .-
Kofler to Clark g. Co.
New Orleans Spots reported lowC'
to sell, but reported no offering OF con-
| seoence at present basiS.-Beer to Nc
| Fall.
| Manchester. Yarns weak, cloths ia.
| New York--Llyerpool weakness cX-
| planned by cable saying Manchester re
| cciving no fresh business and trade
| very gloomy. Liverpool sent selling or
| derS here. Pressure from that source
| and weakness abroad stimulated loca
pressure -PerSall 20 s. n c.
! Grain.
Toledo wires: Understand Invests
| gators Of four Of The largest mills IN
! the country fiNd that farmers are hold
ing between o. and ~ per cent Of thelI
| wheat.
Chicago.-wheat opened lower or
| realization Canadian still relatively
cheaper. corn shows uncertain trend
waiting on wheat ntiment.-Cromwcll
Chicago.-Grain men IN southern Hi.
| nots report chat oats in store are go'
ing through the sweat and can rot be
emoved.-CTomwtl t. Shepar1 d
| 0uck.
Chicago.-fIouses with Soaboarl ant
| Southwestern connections are sellers OF
| wheat Demand sCatteYed, Trade Not
! large. Tone Of market easy -babcoct
20 clark & 60.
Kansas city wires In spi'c ~ al The
pubncitv bFing given cut as - farm
srs holding their wheat. an told lins
houses bought q lot II wheat IN last
- hours II best basis on the crop
IL. & NJ 20 Clark & 60.
| Chicago huying CrFditej
| leading interests, offerings not Arg,
| and readily taken. Milling inquiry fair
Mills ask for offers fearing 10 bic
| against each other. Cromwell 10 Shtp
ard & Gluck.
| Chicago-Totai clearance wheat T.
O32 900 VI. 10000. corn 1000 va Ho:iy
oats. none VS.. $4,000; flour. 1000 vs.