The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-08-17
ROUND THE TICKER
Cotton.

S, NJ Weld & Co. Texas traveller
| wires from Lawton. Okla. AdR 10:
Route Quanah. Mangim. Snyder toD1aw1
| ton. found cotton very irregular from
| one foot high, and just starting to
bloom, to three feeI high and fun OF
| hollis and blooms. However, two-thirds
Is late and has all to make. Weather
| cloudy and not good.
New Orleans.-Market opens ahput
| unchanged and shows somewhat better
buying power. Think II is oversoId
and that continued bad weather entitled
10 buying attitude. Think differences
October and March likely widen again
owing to uneasiness over weather.
Kofler.
Liverpool cables With steady mar
ket expect good orders placed by India
and China. New crop business small
but prospects good Beer.
Big low nEessure British Northwest,
barometer 30 35. may work southwark,
Aside of this possibility more rain in
dicated nearly ali belt, too much eal-
ready most distI.cts--Beer.
Waco, Tex--Rains { ..tinue. Insect
damage increasing especially Central
and Southern Texas. Some reports boil
rot setting. Deterioration undoubtedly
here and %ill rapidly increase unless
not dry weather Immediately follows
Chickasha. Okla.-rrlnd crop in this
part Oklahoma real good. stalks full
of bolls, blooms and squares. Think
best to have continued dry weather.
Too much rain reported from Texas,
New Orleans--The weather map
shows n great deal of rain, fairly well
distributed over the belt. Every state
in the cotton region gets more or less
rain. 1t is an unfavorable map
New Orleans.-TTaders here appear to
think better the political situation and
htYNr to tnn md ha
ring. TheTe are also rumors of heavy
rains in some sections OF the belt
Shepard 4 Gluck.
New Orleans.-EoPeign news Is as
unfavorable as ever also Warsaw has
not yet fallen. New York says cotton
goods are soft and In light demand,
liverpool is is not up to expectations ~ IT
leans and Is now IS to AZ down
New Orleans.-Morning opinion: The
market has had "a most drastic liquida-
ton and is entitled to good reaction,
Southern mills showed more interest in
the actual yesterday than for some
time, especially in the low grades
Weather astern central belt continues
very unsatisfactory &C. W. 5.
New Orleans.-Yest market
was entirely dominated by political in
fluerces and the sharp declines in spots
and futures were based mainly nthe
fear that the disturbed situation in Eu-
rope will curtail the consumptive de-
mand for some time. New York APP
peared to be influenced by rumors that
exporters were canoeing orders but no
definite confirmation of such rumors
was received. AS yet the demand for
spots in the South remains slack and
as old crop cotton is coming in com
petition with new crop cotton, especial
ly in South Texas, Southern markets
show a declining tendency. Wall street
is pessimistic as regards the European
political outlook, has large crop ideas,
influenced by semimonthly returns, in
dicating the crop to be making prog
ress in the face of the present long
spell of wet weather Individual crop
accounts FROM the interior, however,
denote deterioration in many sections of
the belt, claiming too much rain and
increasing damage by worms and Wee
vii. AS yet the weather inland con-
tinues unsettled with prospects for more
rain over the greater portion of the
cotton region particularly east of the
Mississippi river. Iii view of the con-
tinuance of wet weather in the interior,
1t is likely that Wednesdays weekly
government crop review will be less
favorable as temperatures have been
too low in the northern portion of the
belt, insufficient sunshine, too much
rain, especially in localities where the
PRECIPITATION has Dcell HtdNS anu bG-
cause of the probability of increasing
damage by insects. Liquidation has
been extensive the past week, conse-
quently the markets technical position
has improved and any favorable news
politically would occasion sharp ad-
Nance,-Shepard G. Gluck.
New York-The weather is unfav-
orable but is offset by the bearish fac
tors. Market is, however. getting pref
ty well sold out and is due for a rally
house is supposed to have liquidated
about hundred thousand bales since
Thursday. Sentiment is extremely bear
ish almost too unanimously so.
New York.-The foreign together with
heavy selling by Southern spot houses
caused decline in cotton. 1t is becom-
ing more difficult to renew loans on
cotton, not that any special decree has
been issued against the South. but due
to the economic retrenChment which is
money to conduct business at these
ligh costs. 1t is rather significant that
cotton declined on receipt of poor
weather reports.-Wcisma to McFan
Liverpool cables: With steady mar
ket expect good orders Indian and
China; new crop business small but
prospects good & B. to Wells &
Gustafson.
While | am still bearish do not feel
as pessimistiC as did. Twenty dollars
bale higher technical position is better
but look lower for time being. Think
should be more conservative on sales
egards.-Blum.