The Birmingham age-herald., 1917-10-04
Private Wire Flashes

Market opened to 3S up; scarcity of sellers. Buying on the 30-cent idea of minimum value of cotton; expectation of bullish weather report at 10 o'clock Barring political accidents, bullish wave may carry market to higher levels.- Roller.
 be short of cotton for sometime to come"
 Noise & Holmes: "We believe no de- cline of consequence probable" Hutton: Advise purchases on sharp breaks"
 Hayden Stone: Recent developments
 are certainly calculated to stiffen the | hands of sellers"
 | Chapin: Although speculative opera | tions may force prices somewhat higher,
 we don't care to favor purchases after
 such a big advance" 1 H. W. Co.,: Feeling is bullish, but | reactions are to be expected" Pearsall: There was great deal of l discussion after the close last night as
 to the character of yesterdays buying,
 and there was a vast difference of | opinion among people who watch op-
 erations closely
 1 Hudson: Under existing circumstances purchases of cotton on all breaks seems advisable
 | From what we can observe there was l considerable liquidation of longs yester- day which improved technical position of
 market. There was good inquiry for ! spots late yesterday evening.-Gluck. l Firm trading market influenced by yes- I terdays figures as we'll as constant wir- 1 ing regarding holding movement. Liver pool and Mitchell bought.-Huttcn.
 Take the condition by states and fig
 ure what the crop will be. We will have
 S0-cent cotton this month.-E. c. Scales l to Shepard & Gluck.
 Riordan enormous buyer cotton.-wag- l Ter.
 Carpenter, N. Y., wires: Expect a l further advance before any substantial 1 reaction comes-Gluck. l New York-Heavy covering in cotton.
 Liverpool and Mitchell heavy buyers 1 Hutton.
 l Understand some spots sold as high as 1 25h. Quotations may be raised to that 1 figure. No pressure to sell, but easier | to buy, since futures are in line with spots.-Kofler.
 New York wires: Liverpool the conti-
 net and the west have been buyers Gluck.
 New York wires very steady market. Spot houses selling hedges. Traders bull 1 lish-Gluck.
 Well Bros latest report on cotton crop
 in eastern section says practically no chance TOT top crop; deterlOratlOn severe, l including the Carolinas. Crop will not be
 as large as government figures would in- dcate.--Kofler.
 l It is announced that licenses for cotton exports will not be required until the first of November.
 Washington-The rainfall was light tc 1 moderate over Oklahoma, north Texas and Northwest Arkansas, and heavy or excessive from eastern Mississippi east ward. The temperature was consider ably below normal in most cotton dis tricts. The weather was favorable for picking in western part of area and work progressed rapidly. In the central an6 eastern states rainy weather delayed picking and the low temperatures, insuf- ficient sunshine and heavy rains produced
 unfavorable development of crop. Dam age to cotton by winds in the tropical
 storm was not great. Storm caused con-
 siderable damage to oranges, sugar cane
 and truck crops along the middle gull coast. The rain delayed having, but i'm
 proved pastures and truck.
 Weekly report about as expected. al though perhaps mention of damage done by hurricane is not as bullish as some people anticipated It rather surprised some traders to learn that the lack oi damage in Alabama was due to the fact that most of cotton had been picked. The report on the whole tends to show de , terioration of crop since September 25 the date of condition figures.