The Birmingham age-herald., 1919-03-29
Over Private Wires
Over W. I. Phelts & Co.'s Wire

New Orleans, MaTch 1o.--SwiHS9
 within comparatively narrow limits
 carried the price of cotton both above
 and below the close of yesterday aud
 today session. On the whole, favor
 able view was taken of political news.
 although the situation abroad stlll
 makes for nervousness. The easiness
 of English consuls, which lost quar-
 ter of point at 55B was taken to
 mean that English opinion was none
 too favorably affected by some of the
 developments at the peace conference,
 Liquidation came from the long side
 from the middle of morning until the
 early afternoon and mixed with 1t
 was considerable short selling based on
 expectations of bearish weekend sta
 tistics. Late in the day the market
 was again steady at net rise of to
 II to IA points off, from which level
 they recovered and rose until they
 were 15 to 19 points over the close of yesterday. The widest break today carried them 29 to 36 points under yesterdays finals.
 Until peace is finally signed, the
 worlds political struggle going on, with the center at Paris, must remain the dominating feature of all markets, including cotton. There is no getting away from it. We expect nervous swings in the near future because of tension which is universally felt, but we are inclined to feel that the mar ket will readily adjust itself. For one thing, reports now coming in from the belt are definitely establishing the 1 fact that the acreage Is being cut with an unsparing hand and this is turning 1 the balance.
 The market closed at a net decline of to IA points n the new contracts Shepard & Gluck.
 Over s. R. Stewart & Co., Wire New Orleans. March 2s.-Yesterday's late news from New York was flatIy contradicted by official press news from Paris this morning. The fact that New
 York supplied bullish runaors and boosted the market shows either that 8 move is l under way on the basis of bulljsh tech- nical conditions. or that feeling in that quarter has undergone change on the ground of lateness in preliminary new crop conditions and greater certainty of material curtailment of acreage Advices indicate generally better trade
 feeling in the country. with more in l clination on the part of American mills l to accept the present basis of price levels
 and keen spirit everywhere to launch irto active enterprise in every direction as soon as the roads are opened by the
 final peace agreement The news is more frequent that trade houses are buying the | fall months.
 Liverpool came 2 to 10 lower than due, but shows larger spot sales and spot quo gates to the conference of union rail-
 road men have decided to accept the of- fer of the government for a settlement | of their demands
 | English consols lost another quarter to,
 day to 55N, in line with Paris news. The market declined about 20 points in } the early trading, but rallied fast on ! further manifestation of push in the northern market. July trading to 9. 45c. However, the market was nervous over | the conflicting news and sharp changes | followed, taking July back to 21.9sc. The recovery yesterday in futures helps
 sustain spots. but spot people find some what more inclination to offer and the
 basis is easier. The final prices were l bales.
 After opening from to 6 points lower, the market declined 2 tp 30 points in the early trading and wavefed near the low point for only short time. Later in the
 day rumors of large purchases of Oc- tober by an active operator was followed | by an advance which carried the market | ing developed and the market went off rapidly, from this level and after rang ing within limit of s to 50 points, closed IS points off on May and unchanged on the later positions.-John F. Clark & Co. 0 Dry Goods
 New York, March &.-Cotton goods and yarns today were quiet. Raw silk was
 steady with business moderate. Dress goods were bought in small quantities. Buriaps were quiet and knit goods in- active. Hester's Weekly Cotton Statement | New Orleans. March 2s.-Secretary He's
 ter's weekly cotton statement follows: