The Birmingham age-herald., 1917-09-26
COTTON GOSSIP
Weather

WcdtNeT | Nearly seasonable weather prevails
 over western portion of the cotton region but over the eastern portion it | is cooler than usual at this season with minimum temperatures 52 to 64
 degrees Moderate to heavy precipita- tion has occurred in Georgia and light | in Alabama and Florida and South Car l olina Heavy rains: Eastman. Ga, 1.3o; Rome, 1.94 Griffin, 214; Dublin, 1.14. ! New Orleans, September 25.-Map in- dicates partly cloudy; probably some rain southeastern quarters. Small dis turbance extreme south Florida, but
 map does not show any storm danger at all yet.
 Washington. September 25.-Dis- turbance apparently nearing Yucatan channer or extreme western Cuba. Cannot locate center definitely. Ad wise extreme caution for vessels In Gulf of Mexico. Further advices say impossible make definite location pos- sible-Kofler.
 Washington, September 25.-Advis- ory northeast storm warning p. m. Black Island to Providencetown. 1n- dicates strong northeast winds on the southern New England coast tonight
 and Tuesday-Kofler. The weather bureau says hurricane is still to the south of Cuba and that | diets that 1t will move northwestward
 across the Gulf of Mexico.-Gluck. Washington says that dispatches from Jamaica claim that the hurricane
 now raging is the worst that has hit
 that island since 1903. Great damage
 was done and the fruit crop of Port Antonio district has been destroyed.
 It is claimed that hurricane is now
 sweeping across Gulf of Mexico, but
 according to latest report from the
 weather bureau it is still below the Yucatan channel. The storm is de- scribed as terrific.-Gluck. Western belt: Generally part cloudy; unsettled: showers.
 Eastern belt: Probably rain tonight; cloudy tomorrow warmer. Opinions Hutton-Today is first notice day for October delivery. The inspected stock is 21.077 bales and stock in warehouse S3,- 133 In view of above, do not expect any notices to be issued. The spot situation in the south will play large part in the trend of prices for the present Do not think, however, that the farmer will sacrifice his cotton. Still favor long side on all dips.
 Wagner-With the excessive margin necessary because of the tremendous swings we hardly think the usual amount of forward selling has been done. and until that selling of spots is accom- plshed the market must be in position to receive it. When decline starts it will be as fast as the advance has been. Hubbard Bros. say: The long interests was largely increased yesterday by talk ing the hedges against spot sales. To- day is first notice day for October de- livery Well informed men of trade say last night that few if any notices are likely to be started. The present local inspected stock is 21,027 bales, and the Stock in warehouses 34,163 bales. Private Wire Flashes Big bulls took enormous profits on the advance now laying for chance to get back on good break-McElroy Market cratic. Unless storm ma teralizes in the belt will go lower on technical and movement.-Kofler.
 No notice for October out. This
 should prevent any serious decline in
 present raiding.-McElroy.
 Second storm advice same as tho
 first. Market cratic: some nervous
 buying at times causing rallies, but market has no steady support. Liable
 to meet selling on bulges and subject
 to quick breaks like yesterday-Kof- Ter
 Howard Wilson selling catching stops.--Hubabrd.
 Hedge selling in December. Jobbers whipsawed and doing nothing-Hub- bard.
 Squeeze in October for present is support to the market. Dent thinks this squeeze will last long. as move
 ment of cotton too much under way Otherwise market flat and needing stimulants to prevent decline.
 Sudden rally on Wall street buying on large exports out of New York. Market cratic and subject to sudden changes-.Kofler.
 Export so far today 43,00o did the trick. Caught the carly sellers. Chi cago continues steady buyers of cot ton.-McElroy.
 Wall street buying very little. Little for sale.-Bache.
 Cotton rallying on advices of trop- ical storm near Cuba.-Hutton.
 Reselling by storm buyers causing weakness, but might be a purchase for scalp on this break on general un- certainty of weather.-Kofler.
 Riordan good buyer of December and local trailing. When they tried to get out the market showed tendency to decline-Jung.
 Although cotton had its setbacks to- day. the market had periods of great strength and rose to new high levels for the present bull movement Fear of the hurricane headed for the gulf ex- pectations of 8 bullish condition report and continued favorable spot accounts were the influences working for the 'fise. Higher prices arc not improbable. 1 Chuck.