The Birmingham age-herald., 1922-07-18
PriUate Wire News
rJLrNxELL 6 CO.'S LETTER

F I LYNkEEL & CO.9S LEI bN
 New Orieana July iT.-(Speoisi.l l--The trend of values was to a lower level today as result of easier cables than due nnd un- easiness concerning the industrial situa- tion in the United States. owing to the un- favorable rail and coal strike situation. . Riots continue in the coal regions. and the rail strike threatens to spread unless a settlement of the disputes are arrived ct in inc near future. There was no rain of consequence in the dry areas ot Texas over the weekend, while showers. mostly light to moderate. occurred In the central and eastern portions os the belt
 2 Prospects are for unsettled, cooler weather for the southwest. moro rain for the valley and Atlantic states. While rains in Texas would likely have a de- pressing effect on values. temporarily. they would probably serve to increase weevi in other sections of the belt. perhaps in Texas also. Washington press advices are to the effect that the August govern mont crop report will contain informa- ton on the abandonment of cotton acre age up to July 1. It Is claimed that boil weevil and other causes have resulted in abandonment of much cotton acreage, con sequently the acreage statement is called for August 1 instead of next December as was customary in the past This re- port may affect the indicated crop If land abandoned is greater than the usual all lowance of per cent.
 Cool, wet weather, as seems to be head ing for the cotton region. will likely be favorable for increased and activity of the weevil such conditions were official
 
 weevil in tho eastern half of the belt dur this week to make bu1lish comment again as to activity and increase of weevii, espe- portions of tho belt. which may prevent crop making improvement expected.-H. and B. Beer.
 HuBBARD's LETTER
 New York. July 1H-tspeciai.)-our market opened under Saturdays ciose on account of weaker Liverpool cables and ha hzff ~t- ness was very quiet during tho morning session. but later in tho afternoon New Or leens and locals sold freely. putting Co., tober under the zzo level.
 The general feeling hers remains bull fsh on the total outcome of the crop, but af the moment 1t is most natural to see more favorable reports that are reaching us regarding tho crop. There seems to be ittis selling pressure at moment. Never tendency to decline until fresh buiiish news reaches us.-Hubard Bros. & Co.
 s. R. STEWART c co.,s LETTER
 Birminghani July 17.--Liverpooi came over disappointing this morning. futures being 10 points below parity. Sales were IF points in middlinss Our market opened about 1b points down on cables but the. last hour. when it broke ss points % s.S ss.n vD to au that ,,s ,s th. market outside demand. but no pressure. The weather details for Saturday and Sunday showed only e few showers fin the south west portion of Texas. none to speak of in central and northern sections, where needed.
 The eastern states got quite . few show CTS. and although these rains will increase the weevil. A number of crop damage reports came from the Carolinas and Georgia. The Memphis Commerciai-Ap- peal reports of the average date of July 14 indicate that the cotton crop has every where, with the exception of South Car oIina and Georgia, and a few scattered To- caiities elsewhere, improved since June a5. Tn South Carolina and Georgia it was about stand-off; South Carolina sp- planting, a deficient supply of fertilizer and moisture conditions favoring boil weevii activity.
 Georgia is suffering from inadequate use of fertilizer and boil weevil. The market Is largely weather affair and rallies quickly on any unfavorable developments. however, nervousness over European af- fairs, domestic labor troubles 10 cxisting.- s. R. Stewart & Co.