The Birmingham age-herald., 1917-10-06
COTTON GOSSIP
Weather

Weather
 Cotton Region Summary-Temperatur have been generally slightly above nor nal except in Oklahoma and Texas, where day temperatures were decidedly above normal with maximum readings of 30 to 96 In the interior. Minimum tenn peratures in cotton region ranged from 54 to 64 No rainfall worthy of mention has occurred. Birmingham, clear, 5S; Huntsville, cloudy, 6s; Memphis, clear, 63; Little Rock, clear, 70; Atlanta. clear, 63; Meridian, clear, 60; spartanburg. clear, 61; Charlotte, clear, GA; Savannah, clear, 66; vicksburg, clear, 6S; Macon, Decatur, clear, s. Fair and cooler weather is forecast for entire cotton region.
 Opinions
 Hutton While we think prices later on will work higher. the market for present lacks snap and it looks to us as though some further reaction will be had.
 Bond-The tendency is generally to buy but there are not wanting those who be- lieve that ths demand will be easily sat isfied later on when the crop moves more freely.
 Kofler-The break yesterday was nat ural and unexpected. a reaction after too rapid advance Think will see rallies again, but market liable to hesitate at this level and it's probably sale on all buiges.
 Schneider-Natural reaction; some stop orders reached. Probably open lower, but would not follow the decline.
 Pynchon-Heavy speculative profit talk ing, increased hedge selling and pressure ;ra tnrefhar with gidQr- able short selling served to bring about a reaction of about $2.50 a bale in yester- days market. In view of recently shown ability of prices to rally easily we do not anticipate any undue selling by producers through fear of lower markets and there fore do not expect the increased move ment of crop to bring about any serious break.
 Hudson-we continue our advice to let go long cotton on all bulges of conse- quence.
 Private Wire Flashes
 Market opens 5 to 12 up, quiet lacks confidence Might rally some after yes- terday's break, but further liquidation likely on all bulges Twenty-Five cents seems a barrier on spots and futures. All bullish features exhausted except early frost and there is none in sight yet.--Kofler
  was largely due to realizing by Wall street and large operators. according to reports in circulation after the close.-- Pearsall.
 Market lacks confidence and support. Too much bull dope repeated spells of liquidation.-Kofler
 Some buying here on fear low tempera- lures in northwest will work into cotton belt Local map readers say little like lihood of it working down. Mitchell and Wall street bought; Liverpool sold. HI w. Go.
 South selling moderately. Some buy ing for Wall street account, but Mitch elPs buying of January the feature and main cause of steadiness. Think II Will ease off soonl as he stops.-Jung. Too much forced bull news in circula- ton, showing existence of long interest Look for more liquidation, market Is lflat.-Kofler.
 Think cotton should be bought on this decline-Burke. Chicago. New York wires: Locals helping Mitch ell and Wall street in buying. Small, featureless trading. McFadden selling.- Gluck.
 New York says government about to put in large order for dry goods.-kof- l Ter.
 l Waxahachie, Tex. wires that frost is l forecast for that section.-Gluck. | Some 1rOSC pTeulCtlOIS dlS pciiAt5 VI i culated, evidently for the purpose to stiin ulate the market There is not the slight 1 est chance for any frost in east Texas Temperatures in the sixties way north | If will be cooler over Atlantic. but 't frost indicated anywhere. e.-k offer. l Scalpers rally on spot quotation on' | no important support and undertoA' I looks bearish.--Kofler.
 I Spot quotation based mostly on las' nights sales, Today's bid were lower- | Roller.
 l Galveston clears 2S, S55 bales today fol foreign export Baltimore clears b9,7ol ] Dallas wires: Deterioration reports in' 1 creasng rapidly.
 New York says Wall street has been buyer. - l- It is said the Times-Picayune will ba out with a crop report Monday.-Gluck Big spot demand; offerings light light huyers paving 25c to 40c on December New York; in interior looks bullish- Weil Montgomery. | Looks like market in position to wori l higher.-Gluck =, closed october 12. Columbus Day. an( lSaturday, October 13.-Kofler.
 New Orleans cotton exchange will h' closed Friday and Saturday, October | and 13.
 and other cotton mills here annc I 10 per cent increase in wages or 5O,VU operatives effective october s. 1 Dallas wires: Spot sales about 750 bales; country holding.-Gluck. | slight tendency to react was dis nlaved by the cotton market today, whicl \ was hut natural after the recent stiff advances. However, we do not thinl I the crop situation nor the very stronl lposition of the spot market will alloy 4 a reaction to go very far at this tim and advise buying on any further reces lsions-Gluck.
 Produce Market New York. October 5.--Butter, steady receipts S6G9; creamery higher than ex ltras, 46@464c; creamery extras, 92 score