The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1919-07-23
GROUND THE TICKER
COTTON

| ~ Gu " TON
| The weather map again shows nucE
rain over the cotton belt. both In the
eastern and western sections. Rainfall
is lightest along the northern edge O.
| the belt. There Is more rain in the ives
than was indicated in yesterdays of.
| hclal forecast. Showers range from
| light to heavy and the heaviest rains
| on the map are Macon, Ca, 1.62; Sar
Antonio, 1.52, and Augusta, Ga, l.3S
The market is rather tame in view
OF the general expectations OF very UNI
favorable weekly crop reports from the
| government at 10 o'clock.
The market opened higher on the wei
weather map. The completed mar
shows the low area still over the west
gulf. 1t has caused heavy rains in
South Texas and will probably cause
much rain in the southern portions OF
the cotton region once it starts east
ward, The forecast for the western
belt is more favorable; Louisiana part
cloudy in the north, local showers in
the south. West Texas fair.
The reports on the strike are discour-
oging as ever, but the market is pay
ing no attention to them, There seems
to be little chance for an immediate
settlement of the strike.
Eastern forecast: North and South
Carolina and Georgia. local showers
| and thunderstorms. Alabama and Mis-
sissippi fair in the north, showers and
thunderstorms in the south.
Greenville. Tex. wires, Very heavy
rain here last night"
Cotton market is under influence OF
heavy rains and scarcity of contra cts
No one wants to take the selling
side.
Sumters wires, raining hard. condi-
tons alarming.
Private reports from Texas say that
eighteen inches Of rain have fallen al
Cuero. In the official returns Cuero
is missing.
The market acted rather soft recent
ly. Ring traders seem to think that
unfavorable weather has been dis
counted.
Few traders seem to realize what the
marine strike is doing to the cotton
trade. Thus far this week last year
total exports were only 1888 bales
and were considered discouragingly
! small, but thus far this week exports
have been only about 500 bales. Freight
brokers this morning say they the COM
pletely tied up.
hington-Temperatu were gem
orally seasonable. Heavy to excessive
rains fell in portions OF the western
and extreme eastern districts of the
cotton belt, but rains were generally
light in the central districts. Cotton
made mostly satisfactory progress ex-
cept In the more eastern states, where
too wet, Progress in Texas, Oklahoma
and Arkansas was generally satisfac-
tory. but cotton is fruiting poorely in
Texas and conditions range from rather
poor to very good in Oklahoma. The
condition of cotton is rather poor in
Alabama and southern Georgia, but
Satisfactory In Northern Georgia
Weevil continue active in southern
districts.
GRAIN.
Corn opened strong on the continued
dry weather and the forecast of warm
and dry. General morning news sug-
gests realizing on early bulges. For
eign news again indicates early fall
exports OF oats be small.
Hogs Csc to 55c hi~her; top 1925.
II is hard 10 C,-atc sellers in corn
and OF. The country is in the grip
Of buying man; traders wait for
9th + fellow to sell and he does not sell
fho hog price apparently kills the
Eng side of corn. The % cent hog
"u'al 80 ~ corn. Hog prices are like
= II, T." 'i' = 81 IS for December corn
Is cue tion''lr II December oats are
worth above 80 cents. The spot oats
situation Is "ot bulish. There are
5000, 00c O t Chicago and new are
due. Chicago holds about 275, 900 con-
tract corn. Rise OF No. white and
yellow corn TO 80 and $205 was re-
sponsible for some of the July 20 adj
vance. CricHEo cats prices are high
and attract country sellers. Probably
900 00n cat" developed in two days and
hedgcd "h,:r f. mention OF dry
weather scare "a corn, but inability to
force breaks IS the real reason. Can
corn break while hogs travel toward
Csc. Eighty-five per cent. OF the corn
crop can last from seven TO fourteen
days mere at high condition. even II
no rains. Much OF the crop will make
any way, however, II is earring time
and there has TO be q reason.