The Birmingham age-herald., 1917-09-14
Private Wire Flashes

| New York, September 13.-Cotton: A general cotton conference has ben called
 by the Texas acting commissioner of ag- 1 riculture to be held at Dallas September
 21, to formulate plans for securing flair and just prices for cotton.'' ] Until there is some assurance that peace is far distant fact, and that we will be unable to cope with the subma- rine situation. continue to advise the purchase of cotton. Burke to Campbell l Watkins says: Wall street cold con ] siderable cotton this morning. Riordan
 just sold 10000 January Weld also sell l Wg. Would rather not sell at this level'' w. E. Hutton & Co.
 1 Market opened unchanged to 10 lower
 and was depressed immediately after call ! by overnight selling orders based on the l late break yesterday and bearish general l news.-Kofler to Stewart support tfmid. fearing bearish senti- l ment in the north and bearish political
 rumors. While cotton conditions are out and out bullish, there Is only a scalping 1 support, and selling on rallies shows bearlsh intentions in leading quarters. While market may be depressed further believe strictly buying policy Is best l Roller.
 Tyler, Tex, wires: Crop around Pal estine reported good; Tyler excellent:
 Athens fine, good as one could want Corsicana not good to Houston bad;
 bryan Will get 10000 against 43 last year; sentiment bullish. "-Gluck to Campbell Cotton weak on Wan street and local selling."-H. w. Co.
 Dalas wires: Spots cannot be bought here under A cents."-Gluck- to Campbell
 Census consumption report to be out at 10 a. m. tomorrow."-New York News bureau. Spots are quiet, without, however. any inateriai pressure to sell, certainly much less so far than was expected with the existing export difficulties" New York wires: Locals buying now on renewed talk of storm in south At lantic. ."--Kofler,
 Cotton undertone steady. Liverpool bought near positions; Waters and Gone
 also bought Weld brokers sold. The snarps here say low barometer along
 Florida coast indicates that the storm stiii centered around Jamaica '-Water- son.
 Very bullish crop estimates coming out. some under 100000. Texas is given very small yield, one trustworthy source estimates Texas production only 26o0Oo0 Market would be an out and out buy but for political uncertainty" y."-Kof Ter.
 Thomas & McKinnon's Letter Chlcaso, September 13-Rains over the centraf part Of the corn belt and another NASs poiiSc III the northwest, which makes for further rain have been respon- sible for the strength in new crop corn futures. Clear skies and favorable tenn peratures together with the increased offerings of other corn have been ignored. It Is not believed that any particular damage has ben done as yet, but the wet weather is delaying maturity, thereby in. creasing opportunities for material dam age by frost before the crop can be com pleted.
 Oats-The underlying factor in oats re- mains the refusal of the producer to &C., cept prevailing values This condition re- suits In slowing down of the export business done, but on the other hand in creases the Inquiry not only from ex- porters but from domestic sources.
 Clevenburpss Letter
 New York September 13.-The new low prices were due tosa good weather map and lack of support, or in other words, insufficient speculative buying power to thsorb lauidation and hedge selling Professionals rode the market down and oversod themselves, causing the rally in the last hour.
 There is no apparent change in the attitude of the hrll interests and until they think conditions warrant buying. t will be hard to bun the market.