The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-07-22
ROUND The TICKER
Cotton.

New York-Journal OF Commerce
s sayis, ,d IN the first place the
bought. In the next place dry goods
reports were considered bad; day after
day 1t IL announced that mills are clos
ing. Yesterday the effect OF this kind
OF thing was plain further news of cur
TAXING OF production by Cototn mills in
New England and the South told Wool
en- and silks are duh and It was recalled
hat 20 silk manufacturers of Paterson.
\. J., are said to be planning to close
their mills and go out of business.
llullness Of textiles. tightness Of money.
Slowness Of the spot trade. absence OF
exports, weakness in the technical po-
sition. these were the things on which
stress was laid.
Waco, Tex, wires: Boil worms ap-
peartng Central Texas. particularly. in
bottom farms, Waco and Hearne dis
tricts: no great damage yet as worms
Just Matched, but market centers prob
ably be bombarded with kilograms.
New Orleans.-Cotton advanced from
mornings low owing too much rain
eastern bent and because strength July
New York, notwithstanding issuing OF
notices for 1000 bales additional which
were probably stopped. No rain by
map western belt except SIS Abeline.
However, reported over two inches rain
Hillsboro, TeX.-Beer to McFall,
New York--Markot getting oversold
again. You can buy 1t right herc.-Mc-
Elroy to Clark 4 Co
New Orleans.--Some of the selling is
due to the better weather over the
belt. but most of IL may be traced to
the fear that private crop reporting
bureaus may break out at any time
with bearish condition ports.
New York--South and West selling,
expecting better weather, Room all
T.. LII. H., I,,Ak ~
New York--We hear that the Ameri-
and other mills are shutting down this
afternoon, Learned later only for few
days.-Hubbard.
New York-Latest bear argument
severe depression China among cotton
goods people brought this selling,-Hub-
lard to Reese.
National Ginners report makes ocndi-
ton 1914. Leak probably cause selling
just before close.
New Orleans, indications better
weather western belt and in eastern belt
by end Of week. Market likely, sale on
bulges for present owing expectation
bearish monthly private condition re-
ports in advance on August BUREAU
Beer to McFall.
New York,--Liverpool reported bet
ter spot demand and further trade price
fixing.
New Orleans. Liverpool sales of 5000
bales. This revival in the spot demand
fits in with recent reports of better
business In Manchester. New York
says that fine combed yarn goods and
white goods for next spring are being
priced 40 per cent higher than last year
but admits that staple cotton goods are
easier than the spot,-Shepard & Gluck.
New Orleans Market broke on sell
ing on foreign situation, which suggests
an unfavorable export outlook.-kofler
to Clark e. Co.
New York-Philadelphia advices say
some dealers are trying to get business
for fall delivery by offering cotton yarns
at very low quotations, compared with
present quotations of spinning mills,
but manufacturers are not yet ready
to take hold at any price, and SEEM
ingly will not until they themselves get
orders--Hutton to McFall.
New York-Four thousand bales cot
ton just sold at 4325c, highest price
on record.
Beer had following from Texas points;
Brownsville: There is a remarkable alb
SenCe of crop pests in the valley this
year, very few weevl; with danger of
pests eliminated and favorable weather
conditions, there Is every possibility for
big crop this year. Lyford: Both
gins here are running full swing and
what promises to be one OF the best
cotton crops ever made here Is being
harvested Already the two gins have
handled $50 bales and majority of far
mers are selling as fast as their cot
ton can be gathered. Most of the fields
are averaging a bale to the acre.
New Orlears. The weather map
shows significant cool wave appear
ing over the West which is likely to
bring rain on the belt, also Texas over
the week end.-kofler TO Clark s. Co.
New York-S. NJ. Weld says; AT
the present time there is almost no de-
mand from spinners except on scale
Charlotte, y. g, reports a good de-
mand for the better grades of cotton,
but very little demand for off grades
Pearsalls to Clark g. Co,
Estil S. c., wires: Continuous heavy
rains past seven days have turned fair
prospects all Lower Carolina into howl
ing weeih feast. Three inches rainfall
since yesterday, Condition serious,
New Yor5.-Shortage cotton has
forced the closing OF number Of
mills, these mills have
plenty of cotton in transit and its de-
lay in reaching the plants forces the
close down. The mills affected are
engaged in making denms,-F. q b,
New York wires; THE technical con-
dton Of the market IS against fur
Their advance at this time
New Notwithstanding to floor gossip
continent and Liverpool stil short mod
crate amounts Of July.
New Orleans-T market is being
sold on reports OF serious financial
troubles in China and reports Of two
cotton firms there having failed.-Shep-
ard e Gluck.