The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-08-20
ROUND The TICKER
Cotton.

New Orleans-Declined further, owlng
marked weakness Southern spots yes.
terday. and they will be lower today
Market appears helpless for present, al
though sharp reaction possible wher
least expected May shows general
llght 10 moderate showers eastern halt
belt and Oklahoma; no rain Texas eX
cept on coast. Austin. Tex, wires pres
ldent Texas Bankers association ad.
vises us expects call meeting latter part
this month TO consider carrying farmers
as they did In 1914. Our information
probable minimum price agreed upon
where protection viii be given farmers.
80 cents. Understand other state asso-
cations VIII be requested to take same
action. II this done. expect same char
acter holding movement as l9l4.-Beer
to McFall
Morrillton, Ark-Crop three weeks
late' weevil and worms working Think
we are going TO be greatly deceived in
ms crop. more so than IN years past.
wei weather Is more disastrous than
not dry weather, Crop has deteriorated
last three weeks great deal.
corpus Christi, Tex,-Damage by rain
Is offset by good done young cotton.
Hallettsville, TeX.-Rains every day.
Complaints Of green bolls OF stalks rot
tlng and II this weather continues crop
will be cut very short
foakum. Tex Showers daily. much
to chagrin OF farmers. Notwithstanding
this fact present prospects are best in
last ten years. but are being dimmed by
continued rains,
Ferris, Ellis County, Central Texas. --
Bollworms doing some damage. Some
farmers say bale to the acre on some
acreage, while average will be three
fourths OF bale to the acre.
Tyler, East TeNas.-Continued rains
have greatly damaged crop in Smith
county: deteriorated 40 per cent In three
weeks Beer.
New Iork.-The unsettlement of con-
fidence in cotton future prices with &C
companying marking down OF Southern
spot market as further disturbing ERc-
tor is likely TO find its reflections in
further recessions at today's opening
Liverpool opened lower than due made
an early gain which was not held and
lapsed into easy dullness. The weather
appears from early reports to he betr err
II anything. Market, in opinion of most
observers, is entitled clearly to a rally
on technical grounds through the down
ward revision is not believed to have
thoroughly run its course. --Wollman to
McFall.
Normal temperatures have prevailed
in the Southern states. but freezing
temperature and frost occurred yester-
day morning In the Yellowstone Ma
tional park.
Chicago Cotton Is St4 TO SIS bale
lower than the close OF last Saturday
Coffee is down to the lowest point since
the armistice was signed. Prices for
dry goods are declining, and one OF the
leading jobbers says he looks for low
ering values. All commodities have de-
clined, and the grain trade here is bear
ish and looks for lower prices. Senti-
ment yesterday was so bearish that SIM
No. atgNNN sI..I
quarters that the markets were over
sold and should there be any letup in
the selling and a little increase in the
buying a good rally might result One
the largest corn traders said 1t looks as
though the Illinois and Iowa farmers
will begin to sell their old corn freely
early In September. as 1t would he bet-
ter to sell corn at $l,25 than oats at
so TO So cents. Commission houses are
disposed to go slow on the selling side
wheat because Of the export buying and
the comparatively light movement With
limited receipts hedging pressure is re-
duccd and the selling is left largely to
local interests, who at times find il
difficult to cover without bidding prices
up.
New Orleans Taylor. Tex. wires;
Weather ideal; spot demand decreas-
ing every day and the movement has
just started IS. & G.
New York-.The feeling around the
ring that the market is oversold en-
titled to some reaction. Spot people
have been good buyers here and sell
ing Is less aggressive than it was yes
terday local map readers think that
there Is more In prospect for Oklahoma,
not Texas
Nola Jay, New York wires: "Thir-
teen million bale crop would sell
at 20 cents, or under, owing to world
conditions and poor trade. F & h,
to Wells & Gustafson.