The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-06-01
ROUND THE TICKER
Cotton.

| An attual count OF the memphis STOCK
Of cotton shows that running account
was short by LII bales, the total May
| 81 being 296,766 bales. Unsold in the
| hands of factors was 214.6S2 bales, COM
pared with an estimate of 10000 un-
sold one year ago l4inters actually IN
stock were % ,a5S bales, compared with
| an estimate Of 81 900 bales year ago.
New York.-President signed the bill
| which leaves the contract same as be-
fore. The exchange now voting on the
amendment, which doubtless will in
dorse the amendment.
Liverpool cables Quite steady, some
| Manchester buying near positions.
Holiday New Orleans Thursday, June
| 3; Confederate Memorial day.
New York.-Journal of Commerce in
its crop report shows surprising i'm
provement in Texas and Oklahoma.
Texas-While cotton prospects are still
admitted to be mixed considerable i'm
provement has been noted since the
date of our last report and present In
dications are for small increase in
acreage with the percentage condition
better than year ago. From North
eastern Texas where So per cent OF
the cotton crop is raised, returns show
that fully 10 per cent OF the crop Is
planted and in some localities the cot
ton that has come mp is doing well. Ok
DEMONSTRATING Is further ahead In
oklahoma and latest returns show the
season in this state to be only from
10 to 20 days late, while 1t now looks
according to preliminary estimates, as
II there was to be a substantial in
crease in the acreage. The condition
also promises to exceed that OF last
year Complaints are almost universal OF
the scarcity of labor and the difficulty
OF obtaining seed for replanting. Geor-
gia--No improvement past month, acre
age reductions 10 to 90 per cent North
Carolina--Thirty days late, acreage and
condition below last year, but up 10
average South Carolina-Slightly low
acreage and condition than last year
New York watkins cotton report by
staths: Virginia 70, North Carolina 70,
South Carolina II, Georgia CO. Florida
60, Alabama 81. Mississippi &c, Louisi-
ana II, Texas &C, Arkansas 81, Tennes-
see 5S, Missouri TO- Oklahoma So, Cali
fornia 30, Arizona rs. Average 64'9.
New York.-The president has signed
agricultural appropriation bill which
contains the re-enactment of the cot
ton futures act New York Cotton eX-
change, however, will not reopen until
tomorrow. The futures act contains
10 essential changes and merely con-
tinues in effect the former provisions.
New York.--It is reported that Liver
pool has been working good many
straddles with New orleans this morn
ing.-Fenner & Beane.
Pearsalls says The New York Cotton
exchange will reopen tomorrow morn
ing under the amended bylaws whether
or not the bill has been signed by the
president or moi" -Fenner & Beane.
Grain.
CHICAGO Minneapolis wires: Just
| back from trip through South Dakota,
Montana, North Dakota and Minnesota.
On the whole, find excellent prospects
| for crops all grain, the only exception
being strip through Eastern Montana,
Wisconsin and North Dakota, where
there is complaint of grain being blown
out.-C. C. & Co. to McFall,
CHTCAGO.-Government control of
wheat is no more, having expired by
| Limitation of the guarantee act. 1t was
| to be in force until June |, but prac-
| tically went out of existence on May
| 80, as far as trading goes. The United
| States Grain corporation, headed by
| julius II. Barnes and with IA vice-pr
idents in charge of as many zones coy
ering the country, expects it will take
from 80 to 90 DAYS to wind up its af-
| fairs and close it's offices.
CHICAGO-B w. Snow winter wheat
condition 1915, indicated crop, 514, 900
900; oats, .2G6, 900, 900. Spring wheat
condition 92.9 and crop promise, 292 OOO.-
600; total promise wheat, 5000 600;
mated at 4, 633 600 acres against 7165,000
| last year; condition, Sc, Indicating a
crop OF $4,000 COO bushels against S.
600 900. Acreage barly, $4,000 against
| 1872 600 condition, 9O.6, indicating a
crop Of 1850, 600 bushels against 1885,,
| 900 900.
Chicago, - Legislation permitting
farmers trusts and sales OF new wheat
at $3.1S. Gulf will stiffen farmers idea
of corn and oats values.-Babcock.
Chicago .-Some traders back from
trips through Ohio and Indiana claim
very poor prospects for new oats crop.
-Babcock to Clark & Co.
Eo5 n. D.: Corn planting practically
finished in Iowa and South Minnesota
last week Increased acreage probably
s per cent Good stand for early seed
ing. Replanting also finished. About
GO per cent out Of soil in East Central
| Iowa, and some fields cultivated.
| Plants two to three inches higher, Iowa
oats slow, but with copious root system
look fine Acreage almost normal
| +. w w. & Co., to s. & G.
Buenos Aires cables; Loading of
wheat recommended but expect every
moment TO hear expectation Of wheat
prohibited. No export demand for corn.
| Chicago.-Looks as though the ex-
| port movement may be too slow for
any particular sQueeZa in July rye, I'M
less crop news beComes bad,-Wild to
s. & G.
Forecast: Illinois Missouri, showers
this afternoon or tonight cooler tonight.
Minnesota. Iowa, North Dakota and
| South Dakota, unsettled this afternoon
and probably cooler tomorrow.
Chicago.-England and France are
ont of the export wheat market so far
but there are some orders from Italy
Wild to s. G. G.
Chicago.-275 cars corn today Trade
are all on the huving side Offerings