The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1919-08-29
GROUND THE TICKER"
CoTToi

W hON
The American Cotton association is
! out with a condition of 68.2. This re-
/ port will have to be given consideration
| because last month the association
| figures were the nearest OF any bureau
to the government. Last month the
government said GIL ana the American
| Cotton association said CT.
Augusta, Ga, wires: Crops reports
from all over the Atlantics, except
north Georgia, are very poor. The crop
has gone to pieces in the last few days
| and IL does not make any difference
what the weather is from now on, as
the plant is almost entirely yellowS
The may is clear. dry and seasonable
! temperatures. 1t Is the best map
posted this summer without exception.
New York reports dry goods market
| quiet. Large exports will be reported
| out OF New Orleans toGay, probably
around $4,000 bales.
Forecast for the western half OF the
cotton region is favorable. Louisiana
and Arkansas partly cludy. Oklahoma
ditto on east and west; Texas. fair.
The eastern forecast is unfavoraple.
North Carolina unsettled, with showers
| in the west; South Carolina fair in the
east and south northwest fair, except
| showers in the extreme north; Ala
bama and Mississippi fair in the south,
showers in the north.
GRAIN
The full weight of the numerous ad-
verse influences against which the
| grain and provision trade has worked
| of late eliminated In one great de-
pressing factor, the erect of which
| there was no standing out against yes
| terday. 1t was disastrous to work
against such opposing factors, as the
government attitude toward the pack
ers and against the high cost of living
SO long as they are the main factors
few traders want to be long any grains
or provisions. A majority OF the trade
look for lower prices, and While there
are TO be rallies there was said to be
nothing in the situation other than the
big decline of late to induce buying for
a good sustained advance.
A few sharp observers look for
break and a rally today. Others believe
that rallies will not hold long, as they
will come mainly from evening up over
Labor Day.
An immense trade was on In oats
yesterday. Purchases by one operator.
who was covering shorts, were well in
the millions of bushels. Despite the
only IL to 10 cents from the recent
high point.
Trading in January and March de-
liveries expected to start today.
We enter upon a long suspension OF
business in very confused condition
of affairs.
Much may happen in the three-day
interval. The rail labor situation seems
to present a minimum of danger. judg-
ing by the federation's attitude toward
the Pacific coast strikes. The steel sit
uation is more acute.
1t is evident that insiders in certain
stocks are anxious to resume operations
as soon as general conditions warrant.
One of these is American Wooden,
whose dividend is scheduled for in
crease next week and with a possibility
of a nice extra payment as we'll In
American Can the current strength
seems more significant because not &C
companied by the usual stories heard
when the stock becomes active. Stock
holders seem to have reason to expect
early dividend action. July railroad re-
turns are most discouraging and they
suggest very careful discrimination in
buying rail- stocks.