The Birmingham age-herald., 1917-10-19
Private Wire Flashes

New Orleans-Freezing temperatures ] forecast for west gulf states. Likely open fngher' put would sell on bulges Look l Tor good scalping market.--Schneider. 1 New York-Cotton undertone continues good. Disposition of bulls has been to take proflts.-Francke-H. w, Co New York-The cold weather is likely to cause further alarm in the spinning trade and with the reduced crop esti- mates we look for them to add to their requfrements.-E F. Hutton &~Co. 1 New Orleans-Market opens about 10 to 10 points higher, quiet; disposition to 1 buy on indications of a wet freze for the belt, but technical and general con dftions are so bearish that conservative l traders are getting apprehensive and pre- Ter operating for quick turns only on 1 the bull side.-Kofler.
 New York-In view of still unsettled 1 and uncertain financial outlook and the
 present high level of prices for staple, we feel the long side of cotton to be unat-
 tractive and attended with too many un- certainties. Until the producer has mar
 Keted a larger volume of the present crop we feel that sales on all very sharp
 advances should offer the better oppor-
 tunities for profitable turns-Pynchon. New York-Trading very light on opening. Looks like market might do
 better. Early forecast for western half is for rain and freezing.-Bache. New York-While the market closed near 27c for January, yet the tone was by no means as good as on previous day with the closing figures about the same. The resistance against further ad- vance is obvious and that resistance does not come from short selling. but from 1 desire to take profits and from spot in- terest selling. The market usually opens l to selling from the south on unsold spot I accumulation. which selling is accom-. plished around the opening and after l which the bulls try for stolen base I These tactics will likely be again em-
 ployed today, but if for the sixth time they fail to get the market beyond the {, 27Ac level, we think there will be mu- | tiny in the bull ranks.-Wagner | New YorF-Big trade houses buying cot l ton. Outside trade light. Considerable overnight selling orders from the south and selling later months by Liverpool l- l Hutton.
 1 New York-We are right at the normal l height of movement with money tight, uncertainties in the air and no ships to
 fill exports. Add to this big speculation l in spots and 1t is easy to figure on numerous breaks.-Wagner.
 New Orleans-A minus correction of 10,-
 900 bales Is announced in the Augusta stock.
 | Uniontown, Ala, wires; "Crop nearly all gathered and bringing c."-Gluck. | New York-Mitchell good buyer Decem- ber and January. Covering of December shorts offerings light.-FIutton New York--Cotton spurted on buying on cold weather forecast from Washing ton, but market does not show much en- thusiasm. The fact of the matter is the market has been pulled; to standstill on the crop question, and the technical conditions and surroundings are bearish. Would realize on all bulges.--Kofler New Orleans-New York wires longs are trying hard to liquidate. No new outside buying. Shorts have covered. Wilmington clears for export l7,U7a bales.-Gluck. New York-A spot firm in Charleston says Milan correspondent advises that the Italian government has made defi-
 nite arrangements to take over 7eOou bales cotton a month-Hutton. New Orleans-A Texas spot house wires: "Stupendous holding movement right now; over 100000 bales held back in north Texas and Oklahoma" This cotton is liable to come on the
 market on any bearish development in the situation.-Kofler.
 Columbus. Ga.-Sold a round lot this
 morning at 28c, and another round lot Just sold for 2sxc.-Humber. New Orleans-A prominent Galveston
 exporter wires: slight disposition to sell yesterday; some sold 75 below De- cember. New York, f. o. b. interior. ln-
 terior common staple stocks being
 hoarded simply stupendous. Believe at
 least 100000 bales being held in Texas and Oklahoma. Declining market would probably bring heavy unloading of spots.
 Now York Rumored national ginners
 vtn show 6.6oo.0oo vs. 7.soo.Ooo last year.
 Bachos