The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-11-23
ROUND THE TICKER
Cotton.


tone on improved stock market and be-
cause Of short covering. Big Southern
mill men. like Galloway and Cannon.
are bullish on the market.--Shepard 4
Gluck.
New Orleans.--New York makes much
comment on the easier money market,
which some bankers say is due to the
fact that the height Of the crop move
ment OF the country has been passed
and that money is now returning 10
New York. Rumors of easier spots are
coming from the Atlantics and they
are increasing the effect of poor cables
Shepard & Chuck.
New orleans-&ew York reports a
dull and weak market for cotton goods
Wall street reports are more cheerful,
however, and call money at per cent
is looked upon as the most encouraging
development in months.-Shepard q
Gluck.
New orleans-Cooper & Griffin estl-
mates crop at 12,435, 600 babes, ex-
elusive of linters.
Waco, Tex.-Business very dull. Lit
tie better feeling all around. Great
many hope-if they do not feel-that
worst is over. Trading small. Mon
days receipts always light.-Beer.
New York.--The cotton export. trade
is not making any urgent demand upon
vessel owners. One of the reasons
cotton to Europe is that Southern deal
ers refuse to dispose of the staple at
ruling prices. most of them cherishing
the idea that the market Will again rise
to a point where satisfactory profit
may be realized. The representative
|pf a big cotton goods house, returning
from a Western trip, believes the best
cure for the present demoralized and
stagnant textile market is the with :.
drawal by New York selling agents
of all quotations and fferings,-Journal
of Commerce.
strain is over Its effect will con-
tinue, but 1t is time, not for pes
simism but/for conservative thought
and action.
New York.-The huge pool which
German, British and French merchants
have been proposing\as means of en-
abling them to patronize American
markets more literally will probably
be formed as the fruit of a meeting
to- be held in Chicago on Dec. 10-1l
under the auspices of the American
Bankers association. The prospective
pool will be a 800, 900 900 corporation,
the credit resources of which would be
81, 900, 100000 as i Is pointed out owing
to the laws which would permit is
suance of debentures against securi-
ties to the amount of ten times its
capital. Sentiment reactionary and
hopefuI of better markets'--Beer to
New orleans.-While technical con-
'diton suggests possible reaction up
ward stability of market depends now
largely on Eastern spot advices a.-.
though general financial outlook show
ing improvement. Continue our advice
caution when selling.-Newburge ~
Co. to Turner G. Reid.
New York.-European straddles buy
ing here reselling' Liverpool, closing
losing transactions; sentiment here less
bearish on idea this demand will Off
set hedge selling. Spinners not buying
here.-Hubbard to Reese.
New Orleans, La.-Tomorrow is first
December notice day in both American
markets. No large tenders are expected
and both markets have certified stocks
of only about 5000 bales.--Shepard &
Gluck.
New Orleans, La,--Liverpool cables
the market broke under liquidation, dis
tressed straddles and the advance in
sterling exchange.
Dallas, Tex, wires: understand spot
situation immediate vicinity Dallas i'm
proving"
New Orleans. La.-Favor buying on
dips likely to improye after LyerpooI
selling here, Beer to McFall.
dation of straddles on the advance in
sterling causing weakness"
New Orleans.-Think market pur-
chase around present level big short
interest here and New York.-Wells.
New Orleans.-Houston wires that the
spot market there Is stronger. Augusta
wires better feeling, spots stronger
Exports today are large. Galveston and
Houston cleared 43 SIC bales. This day
a n Q
amounted to SO, SIS bales.-S. g. G.
New Orleans.-Market seems to be
encountering further scattered liqui-
dalton Decemer in advance of first
notice day Wednesday. General opIn-
ion Is that there is little likelihood ten
ders owing comparatively small GER
tificated stocks here and New York
F. & B. to W. & q.
Grain.
Australia will have 100, 900, 900 BUSH
els Of high-grade wheat to export rom
this seasons crop-W eismann to Nc
Fall.
Chicago.-Corn has not friend left.
The market has been hardening while
other grains We're weak The buying
for past 2 days has been rood. l don't
want sell corn short that means As
cents on the farm. | look for traders
market which should be bought on weak
spots as It takes time for sentiment
to change. to McFall.
Chicago stock of wheat in public
elevators in Chicago were reduced A.
900 bushels last week and are 10000.
| Stocks OF contract corn are $4,000
bushels and OF oats 2,5S7,00o Corn de-
creased 1914 bushels and oats 900
bushels for week.
Broomhall says the Argentine wheal
harvesting will very soon be in full
swing and 1t is hoped that the weather
will not interfere with the farmers,
who are looking forward to an abundant
yield.
Chicago.--It is estimated that 1000, 900
| bushels wheat are headed toward Chi
cage from other markets. also some
rye for delivery on December contracts.
| Suggest that new business be placed
| in the March option. -Babcock to Clark
& Co.
New York.--Export demands slow;
| yesterdays wheat sales 1,250,000.
Chicago,-Canadian wheat Is about 5
| cents per bushel too high for milling
| purposes, as compared with the price OF
| domestic grain.
Chicago. Shorts covered in wheat.
| There is a better feeling in corn. Pro-
| visions weak on the drop OF 70 cents In
| Western hogs. and fresh pork is off 2
to cents per pound. Wild to Shepard &
| Gluck.
Chicago--Grains opened higher In SYM
pathy with sterling, strong stocks, but
| with hogs 81 90 lower and As cars OF
| wheat at Chicago and weak Liverpool
corn the advance was quickly checked
Cromwell to Shepard & Gluck.
New York wires: Argentine suspends
all restrictions on exports.
Chicago, Julius Barnes here today
says Thinks the worst OF the liquida.
| ton Is over.
Kansas City wires all mills and other
cash buyers after wheat, and only poor
stuff available.
| New York. Federal Sugar ReflnlnI
company has reduced price OF refined
sugar TO sac a pourd,