The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-24
TORRENTS. DANIEL e. co.

Roscoe lockwood & Co.'S daily letter on
cotton, by private wire. to Doremus' Dan
NEW ORLEANS. La, May 2s.-After
making a display of pronounced strength
cotton weakened under selling that ap-
peared to come from all directions. The
west took part in the movement. Wall
street was reported heavy seller and
many traders who recently entered the
market on the long side showed dis
that the May deal in New York had been
settled were against values and the break
in the grain market had sympathetic
effect against cotton. With the early
wide bulges the continued unsettled wea-
Their conditions in the western belt had
held of the statement which followed the
close of the federal reserve conference
at washington, indicating that I there
count rates at this time. private bu-
reau report, estimating the condition OF
normal. the increase in the acreage at
but 7.5 per cent and placing the indi-
Gated crop at only 11.G5o,o0O bales caused
much buying.
James E. Bennett & Co.'S letter on grain,
by private wire, to Doremus. Daniel G.
CHICAGO, Ills. Nav cs.-wheat: Weak
ness in northwest markets today with
selling for. northwest account here with
the disappointing cables, and slow de-
mand from the shorts, who covered free
ly Yesterday took the edge off the mar
ket today. and the price level was lower
at the finish. There was still a lot Of
crop damage talk from the southwest,
the central portion of the state the out
look is not quite SO favorable. and there
reports frnn nasans d ots do de o9 busS Sr
els. There is too much rain in parts OF
Kansas and Oklahoma where the wheat
lures general over most of belt, and
this with the weakness in wheat gave
corn a weak tone. the market losing
- odxv ..ft he -f.,tyc dow
Gosh prices were firm and there we've
sales of $4,000. Oats: Trade moderate
course of prices in other grains. Dat
prices are relatively cheap and there is
fairly good class of buying on the
sales We're $4,000 with the sample market
steady: receipts S3 cars. Rye: Heavy most
of the day and the. relatively low, prices
have not increased the general demand
to any extent. The deliveries We're light
at 5000 and there We're no receipts here
ket lower. with some selling by. western
packers. receipts of hogs $4,000 and
the market . loc off, top s755, the lowest west
$4,000 VS.. 111.oo0 year ago.
A. A. Houseman, & Co.'S letter on
stocks by private wire. to Doremus. Dan
'ei NEW E YORK. May 2s.-rhe market was
it is a very cautious affair and appears
to be carefully feeling its way in an
endeavor to sense whether those who have
been successful on the short side are
waiting for appearance of strength against
to hit the market. We have said pre-
viously that during the past week OF
10 days the oil stocks acted aboct as
we'll anything on the list. and at the
present time it looks as those who are
interested in the long side of the oils
were possessed of more courage thar
is apparent I'm Their sections We no.
ticed today some selling of large blocks
of some of the oils, which selling was
absorbed quite nicely. For the present
at least. therefore, the petroleum shares
offer we think. fair Opportunities fol-
trading profits.