The Birmingham age-herald., 1922-07-20
F. J. LINNELL & CO.'S LETTER

F. bs IlNHELIl 0 NOs Q AfE<A AAH@s
 New Orleans, July 1s.-(Special. )-The cotton market ruled somewhat higher to- day fas result of insufficient rain in rex of a1d of rapopts indicating weevil increasing ana becoming more active in all states ex- ceptvsTexas where the hot dry weather has held them In check.
 In, weekly review Washington reported ton in nearly all sections of the belt. Temperatures average seasonaoie generally, with light to moderate rainfall east of raInYair rae to Westward. The weather ia vored the increase of the weevil in Ok lahoma and Arkansas. wseyl, ., cpntlhoes nartIons of the belt. with considerable damage Tn msHS localities.
 that the department of agriculture esti- nai2s Gamage by weevil this year will bss Srsatss than t waA last yea year wnsn cSc oO6 bales and that the August 1 govern ment crop condition report will make an tioo. as well as report on the percentage of land abandoned this year.
 Ths July 3 government crop report allowed for the customary allowance Of onesper cent for land abandoned. If the Agsnst report shows sfsassT it w Repy affect the size of the indicated yield.
 AZ yet Texas is without sufficient mois- poets are for more moisture in central and eastern portions of the cotton region which is favorable for activity and in
 Texas - reports an urgent demand--ror new crop cotton in southwest Texas, at ton at ports. There Is likely to develop a ravenous demand for early receipts Of the new crop when the oa moSemen setfop espes cialiy of desirable grades are all put exhausted.-H. & B. Beer.
 HUBBARD'S LETTER
 New York. July l9.--tspecial,)-T market was quiet and dull during hne srass tRan last Dl ssh due o the tinued showers in the Atlantic states. The weekly weather report in its summary was that the boil weevil was present every where. and was beginning to do damage. pend @ eso' to 2 great great @ extent @ a on the the damage done in the next few weeks by this pest condittons are ta,, fayorabie for it's spreading r
 IS. R. STEWART & CO.'S LETTER lures we're disappointing this g morning. nnt coming Sysr pSimts , l9wsr than due with a{ points in their middling price.
 Our markets opened unchanged and ruled steady during the entire session. the tone being much better today and prices firmer on covering by yesterdays sellers probably on the continued drouth in the river. The finals were 20 points over the previous close There was no pressure worth mentioning. but on the other hand there was apparently little disposition on the part of the trading public to make new commitments on the long side.
 The map was mostly coludy with showers east and dry west. Dallas wired that unless they got rains soon there would be serious complaints about drouth. The forecast was for showers east and nart cloudy west. Private crop reports we're mostly favorable, but the weevil Is at work and results will be apparent esrlv in August
 Sentiment again became mixed. Quite A number of traders are adverse to going short but at the same time do not look for nauch advance at the moment. Trade and speculators not inclined to buy cot ton even with weevil damage until indus trial situation improves. more than likely n 'scalping market for the present. but purchases on dips. look the best--S. R. Stewart & Co.