The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1919-06-17

sponded to 1t. The forecast is not VI
yet but there is a trough of low baron
eter to the western cotton region. ex'
tending from Canada to Mexico, which
looks like unsettled weather.
Houston wires: 1T has been raining
| puts the rainfall at Houston at 6.41
| continuously since yesterday. Think il
| is now general. The weather bureau
| inches. Taylor at 1876, Galveston. 3.46.'
Savannah clears 6,91o bales for ex-
| port. There were no exports this day
| last year.
New York says: after being closed
on Friday and Saturday the English
market fails to respond to the advances
made here by 20 to % points. With the
rather bullish sentiment prevailing this
news will probably be ignored or at
least have but momentary influence
on the market. The all important fac
tor is now the weather over the belt.
While heavy rains have stopped, the
general forecast for today Is cloudy or
showery conditions. A warm dry spell
is now wanted. Wall street interests
were selling Saturday but trade inter-
tainties in the situation in Paris are
not helpful to the markets generally"
GRAIN.
Geneal realizing is due in corn and
oats today but the markets are liable
to remain tight affair. Bears who
believed the consuming public, should
have chance have grown tired. Many
are afraid of the hog rise to s21.55 and
think hogs may be permitted to seek
new record highs. Lard reacted yes
terday but the bears do not, beyond
fair breaks. The market is taking the
initiation cure bravely but the bears ap-
pear to have transferred into a mere
automatic break buy affair. Locals
seem to think the old corn months can
sell 100 without awakening the food
administration.
Grain markets easier at the opening
on a repirt by John Inglis, a dip of
&c in hogs, some belief that shorts were
all run in yesterday.
Ingis says: LAS oats are not headed
1t Is difficult to say what the extent
of damage by red leaves may be. In
Missouri the red leaves is thick in fields
an average crop. Heads good and well
developed"
Chicago, June In the grain mar
kets it is apparently a question of how
high lard, corn and hogs dare sell.
There is little bearish gossip There
are conservatives who predict that
breaks would be healthy but the mar
kets wear sewed-up appearance. The
mere discussion of bullish items at
tracts little attention. The Inglis re-
ports suggest over a hundred million
winter wheat some loss to oats and a
fair corn start. Over 20 per cent of oat
belt the crop may show some set back
Perfect hot corn weather has prevailed
for three days. Temperatures have run
so to 30.
Hogs CSC higher. Average s21.os
Saturday.
STOCKS.
There is a much better feeling in
the street and many good judges are |
saying the break is over. Market few
erish, and any unfavorabe news will |
cause prices to run off.
New York says: zone of the trust |
companies will have large amount of |
money to loan today"
The professional crowd is bearish. II |
does not like the money situation and |
the labor unsettlement A trading po-
sition is being taken by many conserva-
tive operators On breaks, good buying |
of the sound rails, steels, coppers and |
food stocks is expected. The technical
position in general is reported better
than 1t was. Utah Copper is reported
under persistent accumulation by
sources associated with the copper in
terests 1t is current gossip in these
channels that the outlook of the copper
metal situation justifies purchases to
hold, especially during periods of gem
sral market reactions. II is predicted
that Utah will be one of the most prom
lnent In advances when the point is
realized that the large copper surplus
stock will be in big demand.