The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1919-10-18
Over Private Wires
Thomson. Parker & Co

New Orleans, October ia nervous
market developed in cotton today, and
there were alternating periods of steadi-
ness and easness. Much liquidation
came out, as usual of late, and there
was in addition to the selling from the
long side, considerable aggressive short
selling from traders who thought better
weather indications and claims of less
urgent spot demand were the best of rea-
sons why a prolonged reaction should en-
sue. Technically. the market did not
Iact too strong, but there was hardly the
pressure to realize on the long side that
might be expected following such long
series of bull markets.
Considering the fact that the expected
cold weather did not develop the market
was well supported The situation calls
for reactions, but hardly reactions of
market undergoes no real change.
The close was at a net decline fer the
day of 80 to 40 polnts.-Sheperd & Gluck.
S. r. Stewart & Co.'S 7 etter
New Orleans, October T-Our market
this morning opened unchanged from
Yesterdays close. Liverpool lost the early
gain, but spot demand continues there
Early transactions developed an absence
of substantial support. or rather ten
dency to realize which carried prices
somewhat lower but good rallies oc-
Cured, carrying December to "a. 75c and
January to 34.35c.
Spots are Unchanged; middling, IS Csc;
sales 7145 bales. There is an underlying
tendency towards reaction. and realiz-
ing on bulges has been feature OF to-
days market.
The interior spot markets are uni
changed to so points higher with fair
business done, but demand is less urgent
today. Houston sold 1856 bales at &c.
Weather forecast for the remainder OIL
the week is for about normal weather,
somewhat warmer west, but cloudy and
cooler east.
The market has the earmarks at pres
ent of a traders affair, with tendency
to realize on moderate profits, ana pur-
chases made on the dips with this idea
in view seem warranted.-John f. Clark
& Co.
New York, october 17-Today's turn
over of Is 900 bales makes total of 10000
bales which have passed on to the hungry
Lancashire sp.ndles during the week
This has of course been at the expense
of the depleted Liverpool stock. Amer
lean and British bulls have now reached
that point of enthusiasm where even
strike is regarded as a bullish factor
! Clark & Co.
w. E. Campbell & Co.'S Cotton Letter
Cotton opened practically unchanged
from last nights closing prices ana
then made a further rise of 70 to ~
points, at which level liquidation ana
hedge sales came in and eased the mar
ket off to the low prices of the pre-.
vious day. 1t was seesaw affair an
day. The spinner was conspicuous ~
buying on all easy spots. and for while
! in the Nate trading it looked as though
we would have a better closing put TOT
rumor gotten out by some one, some
where. that the President was to be OPP
Grated on. This was signal Tor the
hears to make raid on a hquidatlng
market. which finally close6 at practical
| ythe low of the day.
! New Orleans spots were marked uii-
changed with sales of 11o Our advlces
from the west as we'll as from the east
/ were to the effect that the better graoes
we're still in urgent demand.
The weather was quite untaVoraoie'
showing some heavy precipitation IN
Texas. Oklahoma, Louisiana and scat
| tered rains in Alabama, Mississippi ana
northern portion OF Georgia.
we are just as bullish as we nave
ever been. and you will see higher
market tomorrow This is our guess--W.
e. Campbell.