The Birmingham age-herald., 1922-07-22
Priuate Wire News
F. J. LINNELL 6 CO.'S LETTER

.y F. J. LINNEIL & CO.'S LETTER
 New Orleans. July 1.-(special. )--The less. favorable view of the rail and coal strike situation influenced values to 8 lower level today in the face of bullish weather conditions in the cotton region. Clear and hot in Texas. more rain in sastern belt.
 Noon press advices from Chicago were Ie the effect that tho strike of railway shopmen today bore increasing external appearances of fight to finish between the union men and railroads
 Owing to continuance of the coal strike shortage of fuel. especially in the indus trial districts of the country. coupled with indications of the rail strike becoming worse and interfering with transportation there is much unessiness In business cir cles because of the possibility of industrial plants having to close down in the near
 Apparently the only thing that could prevent the August 1 report indicating 8 larger crop than one month ago would be heavy damage by weevil or a larger aban- donment of acreage than the usual allow ance of 1 per cent. In view of the pros poets for larger crop and the unfavor- able labor situation in this country.
 It would seem to be advisable to liqui- date long contracts especially on bulses In advance of the next government crop report due August l. with object of re- buying in event of market declining as a pected that the weevil will become de- Ssructive during August.-H. & B. Beer. 
 S. R. STEWART & CO.'S LETTER
 Birmingham. July 2l.-The Liverpool fu- lures came over slightly better than due. with light sales of 5000 bales. at an ad- vance of 5 points in their middlings Ca- bles reported little business being done and market was featureless awaiting the American reports due August l.
 Our opening was to points lower than last nights close, and ruled. very quiet during the morning, but at noon the bears found there was no support to the market and took advantage of this fact and de- pressed prices about s2 bale. The ,a finals l. cotton was regarded still unfavorable. with no rain and maximum temperatures lack of support liquidation on stop loss orders and scattered selling caused the
 The October options were under the greatest pressure. being sold freely by. leading spot interests against purchases of news aside from weather and crop reports. Messages from Texas said if the high
 s woa wah be
 Bulls have great confidence in ulti. Gs,ty Gmsteiy higher prices based on weeyil August. At the moment the bears seem 10 10. nave the upper hand. but If the mar vii ickiy cover. we eoS SefieSs eSat the mar rnss Sst purchase at this level. as decline 9f Sn5 imPortancs is not likely at this
 HUBBARD'S LETTER
 Sew York. July .I,--The ,. sN1feet nRs been somewhat heavier dur l re day on liquidation. principally for wss pSld 70 the warmer weather frl Texas
 eie elaperatures are over 100 degrees Y many niaces More encouraging reports Mrte neesis sd from Fall River. with mar pf51ts 4c higher and estimated sales 9I 4ess~eF rieces, which is the iagrest in s2NsS Etht We expect the market to ner quiet and irregular pend
 s9venment report on August l. -ttA-'FF I+ttF Ne8Ia0T b9COmeR al v Ad nsbArd Bros. & co.