The Birmingham age-herald., 1921-10-22
Priuate Tickers Hint That Railroad Strike Is Liable to Be Pulled Off
SHANNON & CO.'S LETTER

New York, October 21.-(Special.) All the stock news today seem tos in- dicate that a railroad strike is most likely-and We think that a struggle of this sort is inevitable, as Mr. Will sons administration pampered the la- bor unions, especially the railroad or ganizations, to such an extent that they are very arrogant With the great supply ot laDor at hand It would seem that thls IS the very pest time Tor this struggle to take place II strike they must. A strike or this sort was warded off by the indelen- s,ple Aoamson act some years ago and at that time thS&faiIroads were Just as anxlous as they are now to nave the matter brought to mead. Really the only rear now Is that the government may intervene and cause some klnd ot compromise, but sucn acton seems more remote, we are giad to say, as the time goes by. No uoupt a strike will involve con siderable amount of sunerlng, proo- apIy great deal in some quarters, out those wno surfer w1Il know whom to blame We believe the country at large is sick or the arrogance ana preposuerous attituue taken in this ume or deIlation by the labor lead CTS. The market has snown no sign or trepdatAon and mas been steauy until the last hour when quite snarp. little rally took place, propably due to a large extent to short COW erlng. Total sales, 514,3O0
 The cotton market was dragging affair during the early trauing, though showing far resistance to pressure through Wall street and western houses and later tirmed up on the weekly statistics of this ex- change, showing spinners takings nearly 3S5, 1000 against only l73,000 Tor same week last year. The New or leans figures were S57,0O0 against l540 900 last year. As usual, the rather pessimestic early news regarding the strike was followed later by better reports to the effect that new con ference would be held next Wednes- day Trading, based on strike neWs' seldom fails to result in dlsappoint- ment except for the very nimbie pro- fessional operator around the ring. he market is still nervous ana choppy, with no clue to the immediate future, but bullish factors are grad uaily accommodating and with the passing of the ginning reports bears will we think find only cold comfort from any companions they VIII pc able to make.-Post x Fiagg.
 R. sTEWART's LETTER
 Liverpool came over this morning 10 to l5 po4nts better than due With an increase in sales there also send ing cables that the foreisn news was a trifle better in the political and financial lines, however. our markets paid little attention to Liv- erpool but were uneasy about the strike, which caused an opening 20 to 30 points under yesterdays close. SThe bears took advantage or the early discouraging strike situation and sold heavily, the Japanese inter sests leading in volume, this selling caused new recent lows, January Tn New Orleans selling down to IT 1a c after the issuance of the national gin ners of 5,700,000 then rallied 50 points on the large spinners takings of 57,000 for the week against l54,- coo last year.
 The national ginners said only "A per cent was ginned. which, If cor rect, points to a yield of ,50o,O00 bales, this being a million more than the last government report indicates, this of course, was construed as bearish but many doubted the fig ures saying 1t was only guess. The market will probably be trading affair awaiting the ginning rerort Tuesday. however, we prefer the ouy- ing side on any setbacks. s. R. 1 stewart and company
 HUBBARD'S LETTER New York, October 21.-tSpecial,) 1 Rumors that the national ginners re- port would be 5,700,000 bales indicat- ing "A per cent ginned caused an easier market early today as the /, trade felt that these figures would indicate larger crop than had been indicated by the government figures To offset this Is the almost unanimous report from the south that the crop lis practically picked. and very big i per cent picked.
 Naturally with the railroad strike unsettled. people hesitate to buy but the general undertone of the market 1 is good and should developments prove of a constructive character. we could have substantial advance as there is thought to be quite a large short interest existing. Hub
 bard Bros. X Co.
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