The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-02-20
ROUND THE TICKER


| New orieans-As the maturity OF
| March approaches near positions are
ruling comparatively the stronger
1 March may have same experience AS
| It's predecessors by advancing 10 the
1 level OF middling spots before March
! expires. Sentiment remains divided,
leaning mostly however TO the long side,
the side OF least resistance Beer 10
McFaM
New Nork-Liverpool March Is 90
points lower than due with other
months 10 s down. Spot basis re-
ported casing in the South and demand
| smaller. Speculative short interest ap-
pears well covered. Think marNet high
! enough for prcscut.-Jung 10 MCFaN,
New prIeans-Cotton worked higher
owing 10 prospects Of RAIN and colder
weather in western half Of belt. prob
ably rain or snow in north portion
Liverpool cables. Declined owing to
better feeling in foreign exchange and
undoinE Of slraddles Peer to McFall
New York-Journal Of Commerce says
lack 81 offerings of staple Cuttons Is
surprising and largely due 10 absorp-
ton of yarns and goods by the auto
mobile trade, Looks like a sCalpng
market and sale on good rallies.-Cle-
NonburE
New urlrans-pr goods report says
yarns quiet and easier. Wall street
report says market inclined to sag on
report current everywhere that fed
cral reserve board would increase dis
count rate to 6l4 per cent Tor further
effectiveness in reducing commercial
loans. This is taken as anuCipatve
preparation for what is to come.-Clark.
New York-Liverpool: Brooks and
Rordan and Washington buyers. Schill
and Stbley sellers -t flqTk a 90
Chicago - Considerable commission
corn for sale at Sl35, which has not
yet been absorbed. Buying has slack
ened,-BahCock.
New York-Expect narrow markets
until some new development: sell on
rallies, McElroy to Cotter & Turner
New Orleans-W eakness Of Liverpool
reflects better foreign exchange and I'M
doing of straddlcs, forecast unsettled
weather in western belt causing cover
ing short; continue to look for trading
market,--White to Cotter & Turner.
Liverpool cables narrow market at
opening, with scattered trade and con-
tinental buying Later it eased on To-
cal selling on the advance in American
exchange.
New Orleans Galveston clears 9,166
bales Of cotton for England, and Texas
city clears 10, 703 bales for the same
county and yet a Liverpool dispatch
says we hear of freight being booked
from Liverpool to Galveston against
which merchants are shipping low
grades at a profit, At the moment
Liverpool seems to be the cheapest
market in the world for the lower
grades, which are pressed for sale. -
Shepard a GluCk.
Chicago Weekly cotton goods review
of Marshall Field A. Co very bulliSh,
business greatly exceeding that OF
corresponding week and month of last
year, Collections show tremendous
gain,
Texas News--Farmors returning to
fields on high lands, but be next week
before much work can be done.
New York-Liverpool was the buyer
at opening and there has been good
deal of short covering this morning.
Liverpool is heavily long in this mar
ket. South has been seller on balance
to McFall.
New Orleans-M Market tending higher
owing improvement foreign exchange,
prospects bad weather southwest, bull
ish weekly, Chicago cotton goods report
and indications large exports near fu-
ture. The official report of discovery
pink boil worm Cameron parish, Louis
lana, cause for concern, as this pest is
more destructive than the boil weevil.-
Beer to McFall.
Liverpool cables: Think difference
wide enough, Look for higher prices
Beer
New Oreans-Baton Rouge wires
that quarantine has been declared |
against Cameron parish because of the |
finding Of the pink boil worm there
Shepherd g. Gluck.