The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-06-14
Over Private Wires
HUBBARD's LETTER

NEW YORK. June 1s.-(Special. lily.
srpool cables were better IMAM cue; anu :,
rsflsctsd in our market. causing prices 70
open abovs last nights CLOSE shorty
alter the opening some liquidation In July
took place easing the market off, and as
there was considerabie switching OF July
today. July lost some OF its premium over
October. october ruled generally STEADY
buying orders. Weather map still showed
unsettled weather. but close observers OF
the weather are looking for more favor
able weather during the next AZ hours
There WAS no particular pressure evident
less the south sells on better weather pros
pects we look for the market TO DO better.
rntarss LvsrPoo. Al. eHe 0 ,omoST
Bros. Il Co.
DoREMUs, DANIEL . Co.
New York daily letter on stocks by
private wire to poremus Daniel q Co:
NEW YORK, June 1s.-1nereAse in New
e aSl1 many traders upprspar,d. and the
rise which followed the announcement
was due. we think, principally to short
structive factor on the rails. but comes at
. time when public buying 10 most unoer-
tain. and when professional traders are
decidedlE beArish on most of the indus
trials. 1t looks to as as II tho marke.
may shortly be expected TO rally. but
vsiop into = sustained upward NOV. un-
less sentiment uneI psctsdly has de-
sided change. ! hear that another cut in
crude oil may be announced TO-DAY.
rsw Orleans daily letter on cotton. by
'r,ys,: Ky. {. DersmT: D:ni.l w,k Go;
HEAVIEST kind Of liquidation of long con;
sse sy . tn: n the s snd
kans. where complications of serious i'm
port may now happen stowin. out OF the
that trouble in the Balkans may ulti-
matsly affect the already highly unsatis-
Factory P0ltie.l situation IN rs western Eu
comes at . time whom the Near East
is again commencing to trade in an i'm
absence from the cloth market.
Too much rain again was reported In
portions of Texas and Oklahoma. as well
anced by . rather better set Of weekly
crop reports from tho government than
most people looked for. These reports
same time it is difficult to see how a
year IL Texas 10 depended upon for so per
cent moro of 1t. Texas returns con-
tinued move favorable than those from
any other state. with the possible excep-
that of Louisiana. II the cotton market
has to face a summer Of political ma.
nuilish news from tho crop will not have
a. much effect as 1t otherwise would
and for this reason we would not follow
should be placed only on good declines.
Chicago daily letter on grain. by privat.
ket WAS affected in the late trade by
.oa sSya: ~ on
from floods and deterioration from some
crop affection. the natur. Of which is
early caused an oversoid condition. Tho
present light condition Of trading is con
fnSSs t., 1.pei T0s 1as1: sa %
GEO to 100000, which compared with
$4,000 year a ssS nm Missouri sSdi wheat
than . year ago. according to the state
reports. and there were bearish advices on
Nebraska crop conditions. On the other
southwest caused nervousness on the part
of shorts in July. Export buying of small
Covered Svso. s tn. early losss. The Cash ' mar
ket was steady and the demand was
fair. with not much pressure from. the
but small in the west compared to =
year ago. The situation Is bullish still in
ssVs ssspes but shs strong
are now handicapped by weak hog sit
uation. On the rallies we believe there
Cash market. weak ana receipts aS sere We're
fair. and with nearly as much at primary
points as year ago. the crop news IL
favorable. Tho commission house demand
took the slack OF market on dips. but
there was nothing to indicate any demand
following the rally which was reflection
mainly Of temporary pit conditions. Rye:
There was fair buying on the dip. and
the bullish news from tho northwest tend
ed to steady the market. The cash de-
mand was moderate. with prices relative
ly steady. with no export demand of con-
sequence. Provisions: There was an in
different demand for producta Hogs
were little higher Receipts were $4,000
with the market steady to Toe up and
the top a6.S6. Western receipts were 49,
TOO against $4,000 year ago.
DOREMUS. DANIEL 4 CO.