Now Foxnews is reporting the wreck as a 1930s lumber hauler...The Rachael. Looking at wooden hulled schooners of the 1930s, that could haul enough lumber to make shipping it profitable, I cannot see the resemblance to this hulk. The stern keel area would be not be streamlined like the wreck off Fort Morgan.

http://www.foxnews.com/us/2012/09/04/hurricane-isaac-once-again-unearths-alabama-mystery-ship/?test=latestnews