The Birmingham age-herald., 1921-10-04
Priuate Wires Show Markets In Decided
 Nervous Condition
SHANNnN & CO.

New York, October S.-(Special.) )-- Sentiment seems somewhat divided now that the reports are out of the way. Some assert that the market is very long and that it will be diff ficult to liquidate that interest That there is a substantial long account is probably true, but it is equally of a kind that will not easily be shaken out as the buyers want the cotton. Hedge selling is not bur densome In volume and the spot sit uation seems in satisfactory state, while judging from reports from dry goods centers, there is more activity and buyers seem more confident of their ability to distribute goods, so that they are showing more readi- ness to meet prices It Is admitted that outside conditions, while improv- ing, still leave much to be desired, and that further advances of impor- tance may come gradually andsshould be followed cautiously.
 Any uneasiness over the supply for another year will be reflected promptly in fresh waves of buying and higher prices.
 This has been a day of only very moderate activity in stocks and with considerable stock for sale in all de- partments. Prices have not reacted and in some cases they have shown strength, only to work off again In the late dealings. The market has shown no decided disposition either way.
 Money is higher, but this is natural over the quarterly settlements due on October 1. No doubt rates will work easier again in a few days. Generally speaking, it has been rath- CT a negative session. and without particular interest Sales 555,500.- Post & Flagg.
 Grain Opinions for Today
 The primary grain receipts and the visible supply are the bearish fac tors in the situation. The invisible supply, as the Wall Street Journal says, is becoming alarmingly small. Before a great while, we think, the smalness of the invisible supply will become apparent, the visible supply will begin to decrease and higher prices will ensue.-Hurlburd, Warren & Chandler.
 J. F. Bonnet x Co.-Wheat: prices have worked down to point where declines there will be good short covering and also a better investment demand. We would not care to press the selling side at this level, but would take advantage of the breaks to buy There is some export busi- ness being done right along and we believe that stock will shortly begin to decrease. Corn: While prices are cheap we do not look for any big ad- vance under present conditions. Oats: The market looks like bulge sale.
 w G. Press & Co-Wheat: So long as wheat crop conditions in Argentine and Australia continues good we see no reason for being bullish on wheat, but after the big declines we should be confined to the bulge. Corn: Has had a break enough for the present.
 Stern, Alstrin x Co.--Wheat: Day prove valueless but we continue of the opinion that for the long pull present depression offer splendid chances to buy for good profits. Coarse grain: As in wheat the long pull looks better.
 Hurlburd, Warren & Chandler-Be- fore long we think the smallness of the invisible supply will become ap- parent, the visible supply will begin to decrease and higher prices will ensue.
 Clement, Curtis & Co.--Wheat: The market is based upon the visible and prospective declines may be antici- pated in buying on the breaks. Corn;