The Birmingham age-herald., 1917-10-05
COTTON GOSSIP
Weather

Cotton Region ummary-Tempera
 lures are above the seasonal average
 in the west, and near or slightly be-
 low normal in the east. Maximum tenn | peratures of SS to 94 were recorded in Oklahoma and Texas. Minimum temper
 atures ranged from 4e to 56 in the in terior of eastern and central districts.
 No rainfall is reported. | Hope, Ark, clear, 70; San Antonio. clear, 7s; Austin, clear, 70; Ardmore, partly cloudy, 65; Houston, clear. 70; { sagerman, clear, 6S; McAlester, clear, 60; Shreveport, clear, 90; Dallas. clear. ,75; Galveston, clear, 76; Denison, clear;
 Birmingham, clear 62; Decatur, clear, cool; Spartanburg, cloudy, 53; Char Iotte, clear; Macon, clear 76; Augusta, clear; Atlanta, clear 60; Savannah, clear. 62; Meridian, clear, cool; Mem phis cloudy. 67 Little Rock, clear, 72; Huntsville, clear; Vicksburg, cloudy. 6S; Fair weather generally Is forecast
 Tor the cotton belt with lower tempera- lures in the western half Texas Noon weather-Texas and Oklahoma generally clear. Temperatures are above the seasonal average in the western districts and near or slightly below normal in the eastern districts. Maximum tempera- lures SS to 94 were recorded in Okla homa and Texas. Minimum ranged from 46 to 56 in the interior of eastern and central districts. No rainfall Is re- ported.-Cline
 New York, October 4.-Members of the cotton exchange voted today to close the exchange on October 13 the Saturday following Columbus Day, which is holi- day.
 Opinions Carpenter & Co-A reaction natural ly expected. If it occurs, we believe cotton a purchase.
 Hutton-We would not advise buying except on a good break Noise & Holmes-Some little cotton is offering south on an easier basis than has prevailed of late. Hayden Stone-Sentiment has be- come more bullish than it has at any time since the market was selling above 25 cents early last summer Burke, Chicago-I believe cotton will sell much higher, but we will have wide fluctuations, and I believe this advance has been too rapid, and would take some profits and replace on good breaks. Hudson-Thtrty cents represents the southern idea. Spinners are frightened and continue to buy. We expect much higher prices, but advise taking prof Its on further bulge.
 Private Wire Flashes No news of consequence overnight. Governor of Texas signs pink boil worm bill, which creates zone embracing 16 counties along Rio Grande, in which production of cotton is prohibited. Washington says an embargo has been declared on exports of all supplies to nOrfharn Enrnnnon io oryf- dently includes cotton.
 The cotton states official advisory marketing board was organized by the growers and representatives, convention here. It's purpose is to study the cotton situation and keep cotton interests in the south advised as to economic changes and just value of cotton-Kof- Ter.
 Liverpool somewhat disappointing, not meeting our advance, possibly open lower but on good reactions would buy Schneider.
 The 25-cent level too tempting for longs to resist. Consequently further liquida- tion resulted yesterday and despite ad- vance in contracts basis highest known this season of year. Nothing bearish in situation at present.-Gluck
 Nothing new; merely reaction after toe rapid advance Market looked Nred and overbought all day. Now, it is perhaps sounder technically, but on bulges there will be more liquidation.- Kofler.
 Mitchell good buyer January, thought to be for large spot house with Phil adelphia connection. Some locals cover ing.-Jung.
 Mitchell buying; market meets cotton on the bulges.-Jung.
 While there is talk of producers hold cotton though they may temporarily advance prices further, it would seem that the rise of s3O within about two weeks closely approaches complete discount of known conditions.-Pynchon.
 Market inclined to reaction. Unless some concerted action is started to boost the market tendency to realize and to react will prevail, giving chance to sellers on bulges.-Kofler.
 New Orleans--Market steady at mo- mont. May work somewhat higher on the tail end of the bull movement and bullish spot quotations, but it is a scale on bulges.-Kofler
 Talk of a reaction is increasing, but no great selling power is developing. Even the bears do not expect the re- action to go very far. if 1t does occur. Carpenter, New York says If the reaction comes cotton is a purchase"
 Local traders seem to think that Texas reports will prevent much of a down. turn. Bartlett, Texas, wires "The Texas crop will not reach 100000 bales Gluck.
 The bull to watch is the farmer. De- clines will not shake him out. Strict middling bringing 26c f. O. b. cars in this entire section; demand far exceeds offer ings. No need of spinners following market in October. as enough sold for October shipment to care for the move- ment.-Loveman, Tuscaloosa.
 Spot brokers say market quiet: nj rush to buy Quotation may be raised to 251ac on some sales made yesterday after hours.-Kofler.
 Dallas wires: Some good spot orders in this market; country sold spots and con- tracts freely yesterday and today; think now sold out and short.-Gluck,
 Aivarado. Tex, wires Ginnings losing greater percentage as season advances, now 40 per cent under last year. fields showing exhaustion; picking will be prac- tically over in 30 days; farmers in the market buying as investors for 30c.- Gluck.
 Veil Brothers report a persistent de- mand for spot cotton especially for quick shipment, and in many localities cotton is selling above the price of December contracts in New York. Veil Bros. do not look for crop near as large as the kr4prl IA ~k. T