The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-03-31
ROUND THE TICER
Cotton.

RAhsAAs
NeW Yurk-Weld & Co. SAY only ad-
wise purchases on substantial declines
New York.-Gwathmey bought 10000
October. and SChley bought 10000 for
Weld. F. 10 clark & Co,
Atlanta. ia. wires; Raining here
looks like general"
New Orleans. The market feels a
good demand and the ring Is not well
supplied with contracts Some OF the
buying seems to BE- due To the high
water IN the Mississippi valley which
Is likely 20 delay planting over a large
and very productive areas. & g,
New Orleans. The rains in the east
ern belt put the market UP strongly as
II is expected chat they win be followed
by worse complaints than ever OF back
ward crop prepdrations.-S. & q.
New Orleans. Been good covering by
shorts, should have some decline
Gluck.
New OrleauS.-ln addition to uncer-
tainty Of future weather, shorts viii
have to reckon with high water and
possibility of floods in the lower Mis-
slssippi valley this year. Cotton goods
more active, firm and tending higher,
Weekend statistics likely be bulltsh
Notwithstanding Easter holidays, fig
ures will not be obtainahle until next
Monday.-Beer TO McFall.
Los Angeles. Cal has formed the
Pacific cotton exchange for trading in
California and Arizona cotton.
New ork--Liverpool good buyer Of
old crop Mitchell large buyer of Octo-
Der, Local crowd sold-Jung to MeFalL
Liverpool cables: Small market, fluc-
tuating within narrow range on private
reports about American exchange
rate"
New York.-Good speculative demand
for new crop on private report Of heavy
aims Alabama and Mississippi, and fear
that damage and further delay to crop
preparations will result from the over
flow of rivers in the South.-Jung to
McFall
New Rosenberg sold so Octo-
Der, probably profit taking Gwathmey
and Schley large buyers.
New York-Gwathmey letter advises
purchases new crops, showers forecast
again for eastern belt; no other news
spots hold old crop months strong, Oc-
tober will be extremely sensitive to
weather.-Cleve to Cotter & Turner.
New York.-Demand from trade
houses and Liverpool scared locals, who
sold early and caused them to scramble
" CON6T'-JuHe 20 mCrdll'
New York-Keiffer sold 10000 Octo-
ber probably laps; Gwathmey and
scattering buying. to Cotter *
Turner.
New York-There was heavy buying
Of cotton this morning that seemed to
come from Wall street plungers who
not long ago were bears in the stock
market-Slater to Neral.
New DEMONSTRATING Increasing on
prospects OF more unfavorable wealth
er.-Beer.
New York-Southern cotton mills are
cautious about selling goods beyond
midsummer. The impression prevail
ing that the good cotton is going to
continue very high.-Clark & Co.
New York--One explanation for
strength is that il the cotton contract
bill as amended by conference is passed
providing for delivery of 90 bales above
mddling and so bales any present ten
derable grades. we will have trading in
old and new with the old traded in only
for liquidation; shorts probably figure
they would be at a disadvantage
Clevenburg.
Washington-Co Cotton being planted in
Southern portions Of cotton belt, but
this work progressing slowly In the low
er Mississippi valley and Is backward
in Texas where termination is rather
poor. Preparation for cotton planting
made good progress In the central and
northern portions of the belt under
mostly favorable soil and weather con-
dtions.
New Orleans-Market holds well at
top figures on steadiness of old croL
positions with scarcity of sellers in
these, and still some weather buying
for general accounts,-kofler to Clark
& Co.
New Orleans Marion, Ala, wires
we are having an extremely heavy
| rain here and rivers and creeks are out
OF their banks. What little land has
| been plowed has been washed. "-Shep-
ard & Gluck
New Orleans-British Board of Trade
returns for February show exports OF
yarns from England of II 900, 600 pounds
| against 9,167000 during the same month
last year, while exports of cloths
| amounted to 81, $4,000 yards against
2S2, OH, 000,-Shepard & Guck.
New York-Market apparently re.
Gently sold out and gone short on i'm.
proved weather and now turned very
strong on covering with sellers scarce
-Gwathmey 10 Foster.
New Orleans.-Llverpool's week enc
statistics, just Cabled over, show
stock of l,1l3,000 bales which is an in
| crease of $4,000 bales since last Fri
day. Imports for the week are placed
| at 81, 600 bales against 81 200 this week
last year and $1,000 this week two years
ago