The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1919-06-13
4'ROUND' THE TICKER


/ wi On
The eastern belt forecast is unfavor
able. IL predicts showery weather II
| the western portions OF North and Souti
Carolina. Fair weather Saturday: fail
and warmer tonight. showers Saturday
for Georgia. fai tonight and local show.
| sippi. The western belt forecast CALI
| for partly cloudy TO cloudy weather II
Louisiana, with showers In the south.
east portion. Partly cloudy to cloud,
Tor Arkansas, Oklahoma and east anc
west Texas.
According TO the weather map con.
siderable rain has fallen In the centra
and eastern portions Of the cotton re-
gion. but the western belt is dry.
Galveston clears is, 961 bales for Eng
land and the continent, bringing lie
weeks total up to 100000 bales. one oi
the largest OF the season. Galveston
has n quantity OF cotton on shipboard
which means further shipments in the
TO think larger export movement Is In
sight especially so because of the
weakness OF ocean freights.
July Is being more or less neglected
this morning, leading TO talk that It is
being liquidated.
The new crops have attracted a good
demand because of the continued rains
In the belt and because OF sensational
boil weevil accounts from Texas The
weevil will do well with continued
cloudy weather. even II 1t does not
rain,
San Antonio. Tex, wires; The crop
Is thirty days late: too much rain and
fields are grassy; the condition is worse
than 1t was last year.
Houston wires: There have been fur
ther heavy rains In a hundred-mile RAJ
dius from Houston, and some of them
were very heavy. There is a better de-
mand for short staple cotton.
New York says: Some support from
htNf xUrtAb an1l gf.K
from New Orleans on weather outlook
not being as pronouncedly bad as had
been feared.
Helena. Ark, wires: We have had too
much rain and fields are as foul as can
be. Stands are exceedingly poor. Nc
Fadden and Scales supported the mar
ket around S0.70c for New York oc-
tober.
Hope. Ark, wires: We are having
too much rain at present for the good
not been SO unfortunate in this sec
ton as has the cotton belt generally.
Chopping Is well under way and squares
were reported last week.
Dallas, June l3.-Southern Products
company crop letter, dated the 18th, will
say: Correspondents report average
date June weather Of past two weeks
generally unfavorable: excessive rain
fall and low temperature. Rapid dete-
rioration first week; conditions Improved
SCtOHd WOChs ola udyb WOIh QOIC uuf-
ing the period. Planting almost COM
pleted squares forming on older cot
ton; fields very grassy and insects more
troublesome. The best to be planted 4
per cent. chopped, IS last year. Condi-
dition, rs; Oklahoma, 6s; Arkansas, So;
Georgia, 75 Alabama, So; Mississippi.
Sc; North Carolina, 81; South Carolina,
n Tennessee and Missouri. a."
GRAIN.
A combination Of bullish reports,
among which were rains I'm Iowa and
west and southwest and a belief that
the big run of corn is over for the
present. at least, were the leading fac
tors that turned trade sentiment bullish
The belief existed that the brilliant crop
prospects on small grain had been
changed, and while conditions are far
from being bad, deterioration is on in
certain quarters. One important factor
in the corn advance was the absence
of pressure of cash corn and absorption
of offerings by spectators and indus
tries. Buying by the latter has been on
a liberal scale for several weeks. Corn
specialists said the failure of July to
advance as,much as the distant futures
was due to longs selling July and buying
September and to the new trade going
into September and December. With
the corn crop late there Is a disposition
among the DuilS TO PICK up iJeCeIHDeT on
breaks. The short interest in distant
futures has been large, as all sales are
based on that character, and covering
yesterday assisted in making the bulge.
Bulls on corn and oats say that with
the market lifted out of the rut and the
sentiment more favorably impressed
with buying ideas for the present they
look for better trading market. Bears
agree that with the short interest re-
duced there must be an increase in out
side trade to keep prices up.
Chicago cash corn, steady to lie up;
oats. 1acM1c UP.
Argentine shipped 100000 bushels OF
corn. 55S. 900 of which went to the
United States, this week.
Hogs. 2o@25c higher; big packers
holding off.
STOCKS.
The market is definitely moderating
its pace 1t requires some unexpected
bull news to again start it active. The
money situation is not good. 1t seems
wise to buy American Can on scale
from this figure. Earnings are very
large. There is a position in lnterna-
tional Agricultural that has bull prom
Use for both stocks if the general mar
ket permits. Do not get too gay on the
bull side of coppers. |