The Birmingham age-herald., 1919-09-14
S. R. Stewart & Co.'s Letter

New Orleans, September 13.-The mar ing influences, while trade and cotton news are bullish, as the following reports show and spot people find more inquiry. France asking for offers. Political news from Washington, such as the Lansing Bullitt disclosure, published in this morn ing's press, were the o1settsng Influence. accounting for the peculiar action of the market in the face of stimulating weather outlook.
 October opened here about 24 points higher. but later positions were un- changed owing to the disappointing open outlook exerted such a pull that bear pressure seemed intimidating and some rally followed.
 The general outlook is for fair in the northeastern quarter. cooler, unsettled, rainy weather over rest of the belt Cool wave coming on Oklahoma and Arkansas Such weather will not help either crop or grade outlook.
 After ranging within a lirit of 40 to 45 points the market closed steady un- changed from last close. Purchase seems advisable.--S. R. Stewart & Co.
 Over W. I. Phelts & Co.'s Wire
 New Orleans, September 13.-The hur- ricane dominated the cotton market com pletely today from the opening to the close, restricting business and making for an unusually dull weekend session. Uncertainty was as great as ever regard ing what the cotton region might expect from the storm, for little was known of it's intensity. LAtest advices from the weather bureau State that the disturb ance is moving inland over Louisiana to the west of the mouth of the Mssis- sippi river.
 The census bureau issued it's monthly American mills stocks today, placing American consumption of cotton during August at 502, 536 bales, not including lin ters, against 5O9,793 during July of this year and 534,971 during August of last This was disappointing, but resulted in little selling. Bullish features of the report were the fact that active spin 6les broke all records, and that mill stocks are very low. Active spindles were 34,1S7.310, against 34,1S4.4G7 in July and B. sol ,305 in August of last year. NH stocks at the end of August were 1,136,5 against 1909 6O1 at the end of July and 1,- 2l5, ,ss2 at the end of August last The market Monday probably will depend on storm news-Shepard & Gluck.
 Hubbard Bros. & Cos Letter
 New York September 13.-Fluctuating within a narrow range under the influ- ence of contradictory rumors regarding the gulf storm, the market finally closed a shade lower. Hedge selling from the south furnished the supply of contracts which were bought by those who felt that the possibilities of damage from the storm warranted such buying.
 Consumption figures reported by the government were disappointing, showing smaller consumption aduring August than since 1915. consunSbtion of cotton by American mills was SO0,000 bales less during last season than the season be- fore.-Hubbard Bros. & Co.
 Shannon X Co.'S Letter New York, September 12-Fresh selling for short account was still restricted by the storm uncertainty, and as soon as the early selling for southern account was over There was little pressure against the market. There was undoubt ed nervousness regarding the effect ot the tropical storm which was slowly ring the west gulf coast and loca I traders who had sold on the appearance 1 of the early hedging orders turned fol cover once the southern offerings tap | cred off There was also moderate de- mand from commission houses probably | inspired by storm fears and also Wal street demand influenced by firm stocB market and a more optimistic feeling with regard to the labor situation The census report on supply and dis l tribution for August showed conssump' ] tion by domestic mills of 502,536 bales against ,971 last year.-Post Flagg