The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1919-10-21

INC department Oh agriculture an
nounces that the special report on condi-
ton carrying the crop down TO October
Is will be issued Friday. October sl.-Dug-
gan &c Bouden
Hubbard Bros, & Co.'S Letter
New York, october 20. - Clearing
weather over Sunday in the western belt
brought realizing sales on the opening
this morning. Prices gradually eased off
to around the S3s4c level for January. a t
which price early sellers turned buyers,
causing a rally to near Saturdays Oc-
tober closing prices. AS a whole traders
are disposed to await developments, fear
ing that the immediate demand for the
higher grades may cause within the COM
ing week, as the requirements for October
shipments are filed. Sentiment, while not
so bullish as last week. is still generally
In favor of higher prices, although many
are looking for a temporary setbucN
should the weather continue to improve
Hubbard Bros. & Co.
S. r. Stewart & Co.'s Letter
New Orleans, October 20-Liverpool
closed to points lower than their pre-
vious close, with spot sales 1900 bales, l3
points lower than Fridays close.
Our market opened 10 to Is points on
on reports Of better weather conditions
over Sunday than had been forecasted
and uncertainty of the longshoremen' s
strike. A selling movement was induced
which about the middle of the second
hour carried prices to the low point of the
day; December selling at ;405c and Janu-
airy at 33.60c.
The sDot situation has stiffened here
and demand seems to increase as prices
advance; today's sales of 1912 bales at
50. &c for middling, is the largest days
business for some time. The discount be-
tween futures and spots is too great and
the resistance of spot prices to recess
sions is bullish factor for the contract
market. Interior spot markets are steady,
Is to 80 points up, with a fair business
done.-John r. Clark & Co.
Clark & Co.'S Letter
New York, October 2O.--Again the turn
over in Liverpool was large. but better
weather than expected and heavy selling
oy Liverpool in a narrow market brought
about an early recession of 30 points, Wis
onary traders can of course see a wide
Fraction ahead, but this view is not shared
oy spot dealers who are short Of the
actual. Freight brokers report heavy
bookings through November and Decem-
oer.-Clark & Co.
W. +. Campbell & Co.'S Cotton Letter
Better weather in the cotton belt, with
tall of strikes and more strikes and a
,eneral feeling of a reaction in the mar
cts, met Liverpool some IS points bet
er than due, but our market did not re-
,pond to the good foreign market
Our markets sold off some q points
rom the opening and then after a very
iull period for two hours the shorts COW
cred and the result was new high for
day.
Our spot advices were again fully UP to
he previous advices which showed good
emand from the spinners at better basis
New Orleans, contrary to the dope
throughout the day that spots were in
ess demand there, showed and advance
II 50 points: middlng cotton $3.50. with
sales of 10,412 bales.-W. E. Campbell & Co.
Thompson, Parker & Co.'s Letter
New Orleans. October 20.-Better
weather in the belt put the price Of cotton
to lower levels in the early trading today,
but in the afternoon there was a com
piete recovery on reports from the spot
department of good spot demand and a
large business doing, with trading ex-
tending into the lowe- gradass The early
decline carried the N Get % I'd Il points
under the closing pric4s ~ last week and
the recovery brought Ae active months
back until they wer points under to :
points over the clos 81 .ast @eak.
| The weather map was cloudy but dry,
and temperatures wee high fnr ,i,is Kline
Of the year. The ffreeasz sslea for fair