The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1917-09-18
Opinions

E. f. Hutton: If no damage over
Sunday the selling side looks the best
on all rallies until heavy movement
of cotton is over. Political news has
it's influence.
Bond McEnany: Spot cotton is in
good demand throughout the south
and holders here find it easy to OBJ
tain 20 cents for what they care to
sell.
Weld: Southern hedge selling was
in evidence on the bulgs Saturday and
prevented the early rally from being
maintained.
Hudson: Heavy rains in east belt
occurred: tropical storm will probably
loom up this week. 1t still seems i'll
the process of formation. Sentiment
continues bearish. but cotton finds
actual buyers quite ready on the dips.
Advise purchases on all setbacks.
Burke: Cotton moved rather widely
last week, but the net change from
the previous week was insignificant.
See nothing bearish in situation. OF
course one may look for setbacks, due
ton should be bought with confidence.
jerks, Gwynne & Co.: Seems high
ly probable that the downward trend
will soon be resumed"
Journal of Commerce says hedge
selling and some liquidation offset
heavy rains in Atlantic states, espe
cially in North Carolina. The tech
after recent heavy covering. Dallas
wire says that cool rains were headed
for Texas. New Orleans wires that
continued bad weather is indicated.
Private Wire Flashes
No indications of serious damage from
Storm Efforts are being made to re-
open the Liverpool Cotton exchange by
October l. With an improvement in the
weather movement is likely to show at
any time, and while prices may work
some lower still we believe the short side
dangerous below 2Sc.-Hutton to Stewart.
Storm has passed away without doing
any material damage. Warmer weather
predicted Market will be governed by
southern offerings and probably will go
lower. Expect hedge selling to continue
Hubbard Bros to circuit.
Southern hedge selling was in evidence
on the bulges Saturday and prevented the
early rally from being maintained.-We ED
| & Co.
Mitchell big buyer at opening. Tom
Russell sold him 1000 for Hutton.-Bache.
Averill and Mitchell best buyers. Hicks
also bought. Hentz, Waters, w. E. Hut
ton, Schill and room traders sellers.
There is much short selling which the
| market is not taking very well. The Of
way for a foundation. The weather is
unfavorable and promises to remain so.
New York says bears are hammering
there and that the market is getting no
support from the bulls.
Timid market over bearish action of
New York and fear of disturbing politi-
cal rumors.
Without this politician pessimism, the
market would advance materially on the
serious decline in crop prospects. The
advance is only delayed and / believe in
holding to the buying stakeholder.
If we are going to make success of
the government loan we must sell this
market on all bulges.-Ferrall
Albany. Ca, wires: Crop: Southern
Georgia deteriorated to such an extent
picking will be practically fully completed
by October /. Planters now relieved of
| early obligations will hold for 25c. North
Georgia crop very late and indications
| point to early frost. Splendid day by day
| demand from Liverpool
Warren, Ark, wires: Farmers hold for
| better prices; continued reports of de-
| terioratiop sufficient labor. Farmers are
gathering rapidly
| Greenville, Tex, wires: Reports of
| shedding. slow progress of crops come
| from all sections; showers and cool
| weather keeping movement down.
| Shreveport: Reliable party in eastern
| Oklahoma writes:
Crop this section badly damaged by
| boil worm; too much rain. The deteriora-
| ton dates from about August 20, up to
which time we had prospect for bumper
crop. Worms done more serious damage
than have ever before
Authority on crop conditions in eastern
| states says:
| During first half of September crop de-
| Perforated and crop outlook is not near
as bright The deterioration was above