The Birmingham age-herald., 1917-10-17
COTTON GOSSIP
Weather

| Weather
 | Cotton region summary: Tempera- lures have continued to rise in the cot ton region and are now generally above the seasonable average. The highest temperatures occurred in Oklahoma and the interior of Texas, with read 1ings of 90 to 98 in western Oklahoma and northern Texas. Minimum temper atures were above 50 in most sections of the belt. Light showers have fallen along the Florida gulf coast. | The official forecast predicts fair weather over the belt, with not much change in temperatures. Another cold wave Is making it's appearance on the Pacific coast.
 l Eastern weather: All clear. tempera- lures, A at Florence; average 55 to e0 l Texas weather: All generally clear; average temperatures 65.
 Private Wire Flashes l Shorts have stopped feeding out the contracts and bulls have gone to buy ing on expectations of bullish weekly weather reports tomorrow--Gluck. | Telegram here from travelling man says: Just passed through Oklahoma, north Texas and Arkansas; found cot I ton enLlre1y K1lleQ, damage HluCn great CT than believed."-Kofler.
 Riordan's buying and local shorts covering caused advance in cotton-W. B. Hutton & Go.
 Liverpool cables: Considerable Man chester alling."-Hubbard
 Cotton advanced readily on some western and local buying, with very little for sale.-H. W. & Co.
 No fresh news as to cause of advance except that the ring was short and large buying orders in December were Iput in the ring at the same time from different houses.-E. r. Hutton & Co.
 New York wires: Reported Wall Istreet covered short line of 50,0o0 this afternoon.-G1uck.
 Market caught short with no cotton for sale and some buying from Wall street coming in-Hubbard.
 Wall street and west have been sell ling steadily on weakness of stocks. When stocks commenced improving they tried to get their cotton back and found nothing for sale.-Cothran.
 Peace dope is about the only thing they can get any bullish action on, and that is probably why it plays such a favorable role. Nothing further on it II am rather skeptfcal on any peace dope.-Kofler.
 Scattered light liquidation on call Looks like doing better-Hubbard.
 The market has better tone Shorts are beginning to fear that tomorroW's weekly reports from the government will be very bullish in their returns on frost damage. Savannah clears fol export today S422 bales.-Gluck
 Fair weather with higher tempera- terday. While there has been some buy terday while there has been some buy. ing for domestic account, 1t has no been on very large scale. Damage re ports by frost are coming in from Okla I homa, Arkansas and Tennessee, bu tnlnk market has already discounted tnem' Prefer waiting for further set pack before making new commitment on the long side.-Hutton.
 Market flat; don't look right. Finan ciai news made a decided impression Spots firm, and the large discount Q
 futures under spots is the mainsta,
 to the market, but on the whole tber, IS an air of uncertainty and a ten uency 10 retrench rather than to ex pand.-Kofler
 On rally local traders sold, expect ing further outside selling.-Hubhar rd Opinions
 John Hill: The first question is. or a least should be. out of the way. What
 ever damage has been done is q matte or past argument. We think a good size,
 long interest exists among those who tal ooc ana unless the stock market in, proves Tn tone, or unless peace signs ar iiore prevalent We expect to see the be ginning of the liquidation of cotton. Tn
 American mills have bought their imme dlate needs and are we'll covered up fo !uture requirements. Any additional buy ing must come from export sources. : Hubbard Bros. The damage to th crop has taken the manufacturers b surprise and they are waiting for tn , market to show whether the damage 1 as great as to warrant their buying on large scale.
 Pynchon; Until 1t Is officially confirme that recent low temperatures have re suited in more than most moderate iniur to cotton, we believe that the long sid
 or the market at present levels is no t1nv1tlng However. any drastic chang
 Tn the financial situation and the down
 ward swing in stocks would undoubtedl
 bring about a substantial though ten porary advance in cotton
 Schneider: Spots too high for con tracts, and unless something unforesee : turns up don't look for much decline. New York Commercial says: The bet ter levels that are now ruling in the ra, SIX trade are giving the cotton good trade the opinion that the market wi
 soon recover all it's decline with the re suit that cotton will be cheaper than tn silk lines. Already the difference prices has forced shift from silk { cotton and indications are this win cor tinue possibly in greater degree than i 1.-the past.
 Peter Chuck: New York telegrams sa there is a somewhat better feeling in tn lstock market this morning. Some of tn sellers of yesterday was based on tn ; weakness in stocks. such traders ignorin the fact that they were offering contract
 at under 25.50c. while middling was quote
 here at Ella on sales of over HOO bale
 Reports from the interior are very strons Dallas wires spot holders are refusing :, sell at the decline in contracts {. Coffee Market : New York. October 16.-The markt ,, opened unchanged to 3 points lowe !; Trade interests were sellers later wit