The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1919-07-10
GROUND THE TICKER. !"

The map Is clear and dry so far as
! the western half of the cotton region
is concerned. but is cloudy and wet IN
the eastern half. 1t cannot be called
favorable.
The German ratification Of the peace
treaty will be the main feature this
morning.
A Liverpool cablegram just received
says: 1T is learned unofficially that
the strike has been settled and that
the men will return to work next Mon
day"
Liverpool is sensationally good, prob
ably on the peace news, since morning
dispatches state that it is not expected
that the Lancashire strike will be set
tied until the end of next week. Liv-
erpool was due 16 points up on Octo-
Der, New Orleans, and is now SO up.
The forecast for the western half of
the belt predicts better weather; fair
for Louisiana. Arkansas, Oklahoma and
east and west Texas.
Liverpool says strike settled; mills
start Monday. Expect much higher
price.
The market makes good response to
the bullish news for the day. Not as
much selling as was expected is com
ing out on the advance. The official
forecast for the eastern bel is unfaVof-
able. Local showers and thunder
storms are predicted for North and
South Carolina, Georgia, Alabama and
Mississippi.
1t is hard to form conclusions re-
Garding the Lancashire strike, for
some cables say it has been settled,
while others merely state that set
Element is in sight. The strength of
Liverpool would indicate that traders
there have full view of the matter
New York wires that a big business
is being done in cotton gods at much
higher prices. Tickings have avanced
10 cents a yard to the wartime basis
of 90 cents a pound, which means that
mills can pay much higher prices than
are now being asked for raw cotton
Eight-ounce tickings are selling at As
cents a yard.
GRAIN.
Grain traders took the crop report as
larger on corn, both as to indicated
yield and acreage, than expected, but
few regarded it as showing as high
as 1t is likely to go, despite the claims
by others that conditions are better
now than when the report was made
TIP. Losses on wheat were as large as
looked for, and oats confirmed claims
OF crop deterioration. but there has
been more the last ten days 1t is eX-
pected that traders will have forgotten
about the report by noon today. A |
great many traders would like to see a |
drop In corn prices, but while there |
has been enormous short covering and |
profit taking on the advance, which |
has carried prices to the highest, bulls |
are on the whole confident that prices |
will eventually go higher Some said |
a break OF 10 cents would be benef- |
clal, but they expected it to be felled |
by bulge until conditions change, so |
that the bears can sell without re- |
strictions. The market of late has been |
the greatest bull affair known in the |
history of the trade. The oats market |
is expected to do better following the
government report. But it is well to
remember that for years the market
mas eased Off after government re-
port has been issued and last night |
was no exception. There has been
heavy trading and with much buying
against export sales, the market was
regarded by many as in condition TO
advance. Bears say there will be all
the oats needed, even with the reduc-
ton of the crop as the carry-over is
to be large. Q
Hogs opened slow. SC to 1Oc higher.
Hogs closed mostly strong to 10c
Se2.70.
STOCKS.
The consensus OF opinion in banking
quarters is that such relaxation m
rates for money as was seen yester-
lay will be seen perhaps often in the
lew weeks TO come but that it will not
indicate any disposition on the part of
Washington authorities to allow in
2rease in the absorption of capital
nto marginal trading II prices can
De advanced by investment buying |
which helps the banking situation nv
he reduction of deposits and the pro
1ortionate reduction OF reserve re- (
luirements, ii would tend to decrease
surplus reserves and will be favored a S I
al excess banking power will be ,
'eeded to care for Europe.
Both I, G. L. and |. G. L. preferred :
ook good While no promise can vet ,
We made on American Can dividend :
'olicy. there is official sanction for the
tatement that inventory account and
arnings are in excellent shape and the '
took looks cheap at current prices. q
'teels are backward on the Lacka-
wanna report. C
The banks have commenced calling ,
pans again. =
New York says the First National |
anb crowd have been buyers OF Mid E
ale all this week Talk of q deal is s