The Birmingham age-herald., 1922-05-23
Priuate Wire News
munnARn RRos. N co.s LErTEl

HUBBARD BROS. X CO.'S LETTER
 New York, May 22.-tSpecial.) )--- Under the influence of further bad weather with heavy rains in Sulphur Springs, Tex. our market opened 25 to 30 joints over Saturdays close.
 The brief here Saturday was that the
 weekend weather over the belt
 would be favorable and a good re- action was expected today. The locals sold considerable cotton on the ad- vance, but the strength of May and
 the good sundertone kept the market
 around opening prices.
 New England reports mills have yet
 three months supply to buy before new crop comes on market. The cot
 ton they are seeking is good staple
 cotton of which there is a great scarcity. Our senior wired from Mem- phis: Liverpool and New England buyers taking all the cotton they can | get" With such news as this, it seems any reaction or momentary weakness will be short lived and l merely afford opportunity for the trade to buy more cotton.-Hubbard
 Bros. & Co
 F. '. LINNELL & CO.'S LETTER New Orleans, La, May 22.--The re- turn of unfavorable wet weather in Texas and Oklahoma Sunday, heavy
 in localities, especially In Oklahoma, with more rain in the Mississippi valley and South Atlantic states, just
 as farmers were preparing to enter the fields in the southwest to plant,
 replant and cultivate, changed the
 course of the market upward again. A yet the weather remains un- settled. especially ins the central and eastern portions, where more rain is t,s.1 tad tc ha of more moisture to the west of the Mississippi river.
 Meanwhile demand for spots at Liverpool and in the south continues good. Sales in the English market today, 16000 bales today, while the
 interior reports an urgent inquiry at a stiff basis, with offerings light,
 cue to stocks becoming almost de- pleted.
 During past 10 days reports of weevil appearing in large numbers almost everywhere in the belt, es- peciaiiy in south Texas, where the nov crop is reported three to four weeks late. have increased, some dis tricts in the eastern and western por- ticns of the belt reporting some cot ton being plowed up and planted 70 other crops, owing to the pest com mencing to damage already in some localities.
 The weather has been favorable, cool and wet, for propagation of the weevil and if the second brood is large. due to fruiting time, the situ- ation is likely to become really ser ous owing to lateness of the crop. Market recovered quickly from the shock sustained as result of the national ginners reports of last Sat urday indicating sn average condi- tion of the crop 73.s, but the, fact that the increasing acreage was placed at only 1 per cent, pointiag to q yield of about 1l.3o0.000 bales or about 100000 less than the world will probably require for next sea-
 son served to maintain confidence
 in the market.--H. & E. Beer.
 s. R. STEWART 4 CO.'S LETTER
 Birmingham, May 22.-More rains,
 some heavy, in the west where they
 have been doing much damage re-
 gently. occurred again during Satar-
 day and Sunday. Liverpool came in
 somewhat better than due. with good
 sales at l6,000 bales, cables coi.-
 tinued to make good reports of the
 cotton situation in the foreign mar