The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1919-06-17
GROUND THE TICKER"
COTTON

| COTTON
| The map shows considerable rain In
| Texas and few showers in the north.
| ern portion of the Atlantic states, but
the better portion of the cotton region
| is dry and the map must be called
| favorable rather than unfavorable. Press
dispatches claim that the heavy rains
in Texas have done much crop damage.
Liverpool is very good. being about
% points better than due on New Or
leans. New York wires that much OF
the nervousness in that market yester-
day was due to uncertainty regarding
money rates. Cotton goods are reported
In continued good inquiry.
The official predictions for the west
ern belt call for fair weather throughout
Louisiana, partly cloudy in Arkansas,
partly cloudy to cloudy in Oklahoma,
partly cloudy over both east and west
Texas.
Novasota, Tex, wires: Excessive
rains have damaged the crop materially
over an area of seventy miles. Acreage
is being abandoned, labor very scarce"
The market Is soft under selling
ers. Much is being made of the drop
in consols which 1t is claimed reflects
unfavorable turn in politics. Consols
for money are quoted rs lower at So 1-8
1t is evident that many traders think
political news will overshadow crop
news III lHe next lew Gays. wan
street has played up the Mexican busi-
ness as a bearish factor and is now
inclined to think that Germany must
say yes or no to the allies by next
Monday as the first factor in the cot
ton market. There is, however, q
strong chance that the weekly crop re-
ports from the government tomorrow
may have unfavorable things to say.
Greenville, Tex, says: IF. o. B. men
tell me they are selling cotton highest
basis of the season last few days. Some
farms have been able to work out crop
obtain labor enough to handle grain
and cotton both. Have neglected cot
ton to save grain"
New York says: Heavy rains along
the Texas coast revived buying for a
time yesterday but the gains were not
sustained. For one thing, Wall street
conditions, with money at 15 per cent,
is causing caution all around and may
prove the curfew knell of recent wild
speculation which the federal reserve
board and banks are so anxious to
curb. Gables are better than due by
tween Lancashire operatives and mas
tiers are still unadjusted but efforts
are to be made to adjust them.
Weather over most of the belt continues
unchanged but the forecast is for cloudy
or showery conditions"
LlNeTpOOl Cables. NdTTOW Dul SLeduy
market. Hedge selling on opening, i'm
proved later on Manchester buying.
Locals bought on easier exchange
rates"
New York wires: Little doing: trad
ers think tight money will soon be over;
waiting now on crop. Wall street is
selling cotton short on account of the
weak market stock. The fact that
prices have held so well indicates con-
tracts are in strong halMls. The mar
ket is narrow, but we prefer pur-
chases."
The weather map is dry except for
rains in the southern half of Texas. On
the whole, conditions are greatly i'm
proved over those of last week.
Western forecast: Louisiana, partly
cloudy. showers in the southeast; Ar
kansas, partly cloudy; Oklahoma, part
ly cloudy to cloudy; east Texas. cloudy
showers; west Texas. partly cloudy to
cloudy.
The forecast for the eastern belt is
favorable: North Carolina. showers to-
night. partly cloudy tomorrow; fair for |
South Carolina, Georgia, Alabama and |
|
Bolton. Tex, wires: TOO much rain
lere."
Mexia, Tex, wires: Labor scarce and
100 much rain"
The rains in Texas caused buying on
he opening but the map as a whole
vas not unfavorable to cause a stIs-
aimed demand. Liquidation came out
IN the advance and the market re-