The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-05-25
ROUND The TICKER
Cotton.

Cotton.
Tokio-The Yokohama bank has sus-
pended payment. II was largely en-
gagged in financing silk. The cause OF
the collapse was weakness of silk
c. c. & Co. to McFall.
New York -Gwathmey, McFadden
Bond and Liverpool bought on the open
ing Character OF buying better than
the selling on the opening.-Wels
to McFall.
New Orleans-Tomorrow's weekly
government weather and crop review
likely be generally favorable owing to
better weather in interior in the past
week.-Beer to McFall.
New York.-Market acts uncomfort-
ably and shot any change in bearish-
ness would bring quick recovery
Hubbard.
New York.-Trade generally bear
lsh,, but short interest large. and If
trade to cover market would advance
quicky.-Morrow to Reese.
New Orleans.-Marks PSI does not
reflect fear Of financial panic or revo-
tuition. Germany as was reported yes
terday. depressing market. Germany
propaganding in order to obtain best
terms possible in dealing with the al
lies.-Beer to McFall
Arlington Tex. wires: Weather Is
more favorable last week or so but the
crop has a very poor start in this dis
trict throughout"
Today ends the first condition period
or the season and the report will be
made next Wednesday.
New Orleans.-The failure OF N. P.
Sloan & Co, Of Philadelphia has not
caused much of a stir in the market.
New Orleans.--Despite recent improv-
ed weather over most OF the belt, the
long interest refuses to be shawen out.
This condition keeps market in weak
technical position. since any liquidation
on such markets as We have at pres
ent would likely result in good decline
unless the private condition reports
coming in daily should prove generally
bullish.-Gluck.
New York.-If we were at normal
price level, there would not be very
much doubt about position to take in
the cotton market in view OF the back
wardness Of nthe new crop and small
supplies of old, but conditions as well
as prices are abnormal and therefore
ordinary rules are not applicable.
New. York.-Spent the afternoon in
the wholesale cotton trade. Find the
mills are well sold up to October and
later. Few or no cancellations. They
feel that the banks are forcing the re-
tail trade to unload as they were big
borrowers on high priced merchandise
Because of the congestion Of the rail-
roads, the delivery of cotton goods Is
very late. Goods that should have been
delivered February are only reaching
their destination now. For this reason
some Of the middlemen or converters
have cut prices to some extent.-Glover,
of Hutton, to McFall,
Liverpool cables THE market was
weak at the opening under heavy long
liquidation, which was quiCwly alb
sorbed by buying on scale down. 1t
improved later on short covering and
Manchester buying which, with a ces-
sation of liquidation, created a short
age Of contracts, The tendency of
Egyptian cotton is better"
New York.-Emphasis all on the short
interest and what will happen when
they try to cover Question is what's
going to start them II these continued
showers and low reports don't.-Mor-
row.
New York.-Liabilities Of N. P. Sloan
company estimated at $2,630,0 900, and
assets at $4,000, 0O0 The company has
Savannah, New Orleans, Galveston,
Memphis and other places in the United
States.
New Orleans.-The forecast of show
ers for Georgia is particularly bad
since much rain fell in that state over
night, considerable cotton Is waiting
to be chopped, and complaints have
already been made of boil weevil in
the southern countless. x G.
New York-Liverpool says Egyptian
cotton improved 100 points today.
New York.-Sentiment very bearish
and market failed to respond to higher
cables owing to overnight selling orders;
tone now very steady; however, on scat
tered short covering. Small market
Gwathmey to Foster.
Grain.
Memphis receipts: Corn, "a, oats 25
and hay rs cars.
Hogs Receipts. Chicago, 10000;
Omaha, 11,00O; Kansas City. $4,000;
Sioux City, 10000 st. Joseph, 1000; st.
Louis, 10000
Chicago: Receipts, wheat, 35 900;
corn, 155, 900; oats. 277, 900, Shipments:
St. Louis: Receipts, wheat, 10000;
corn, $1,000; oats, $4,000. Shipments:
Wheat $4,000; corn, $4,000; oats, 10000.
Minneapols--All the news regarding
crops is good and | believe conditions
will be normal by June l to 10.
Chicago.-Wide swings in corn mar
ket should looked for. While we are
prCt' " gong into liquidation and
lower prices, it must not be expected
to happen all at once. Bears getting
too gay on breaks and cause higher
prices on themselves by buying again
on any sign of advance-O' Brien to
McFall.
Chicago. - Herald Examiner says:
James b. Forgan, chairman of the First
National bank. expressed confidence
yesterday that the peak of the tension
has passed The New York situation,
he said, Is much easier, Bankers there
have turned optimistic after weeks OF
pessimism. The federal reserve board
made no distinction between essential
and nonessential loans for the simple
reason that a hard and fast rule on
this Is impossible What Is essential
in one district might be nonesscntial
in another and vice versa, said Mr..
Forgan In my judgment there is a
better feelin gall around" said Mr..
Forgan, and the tide has definitely
turned for the better. &C. c. & Co. to
McFall.
Chicago.-New York wires Under
on overnight offers. If this is true, II
is a big disappointment as the trade
believed large acceptances would be
made account of the cheaper prices
made since commission stopped buying
a week ago. They are again talking
more oats business. IT. d NJ. TO Clark
& Co
Chicago. There seems to be a little
too much buying of corn by smaller
traders Larger houses are moderate
sellers. Understand country loadings