The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-06-19

forward deliveries They expect eoou
weather will lower prices for new crop. In
view OF present crop conditions, we doubt
IL decline continues tomorrow.
Futures in Liverpool are due tomorrow:
July. 1850; october. 1s.1sd.-Hubbard
Bros. Co.
s. R. STEWART 4 CO.'S LETTER
BIRMINGHAM. Ala, June 1S.-Liver-
pool quotations came over Disappointing
lower on July and 8 lower on October
than due, with light sales of 5000 bales
and decline of 10 points In their mid
business past week limited. buyers hold
ing off and talk of closing all mills spin
ming American cotton during month OF
July Our markets opened 30 to 40
points lower than saturdays close on the
disappointing Liverpool, foreign news and
better weather prospects and was nn fhs
finals at 10 to 90 points loss for the
day. spots generally followed the de-
tations ranging 27.25c at Fort Worth to
20 cents at Memphis. against 2s.36c at
Fort Worth and 29.s5c at Galveston Sat
was free liquidation of July and some
October supposed to be for a large New
York operator, The contracts were taken ken
manner in which the near month con-
tracts were taken at 27o to $50 over Oc-
tober and notice day only week away
would indicate that other V,ot people
may take up the New York stick If ten
dered to sell to mills. The Weather was
part cloudy west. Lower prices are like
ly II the stock and grain markets do not
improve tomorrow.-s. R. Stewart & Co.
DOREMUs. DANIEL & co.
Chicago daily letter on grain by private
CHICAGO. June 1s.-wheat: Liqulda
ton Of long wheat was again the big fea-
ture In wheat today and was especially
at one time. Harvest conditions are now
pears to be the paramount influence. De-
crease in stocks at Chicago and reduc-
feet owing to the fact that new wheat
will be soon available. Visible stocks de-
creased $4,000. with local reduction of
Corn held relatively steady. the reason
for this being the Lac higher prices for
cash Eran r RE Of only 81 and
Ihe Msstsen Il ba ana se
onIy i.ss 81 '000 makes the total here
Oats: The undertone in oats was weak.
to holders in spite of the Comparatively
firm tone In corn. Visible decreased
l.22o, 900 Cash prices were easy "a and the
news does not encourage buying.
Rye: There charter report for
100000 bushels rye to come here from Du-
uth and this with the weakness in wheat
port demand. the price does not make
much difference in this grain.
Provisions: Although hogs were 1oc to
16c higher there was no snap to the de-
n and for products. and prices were main
ly little easier. Receipts were $4,000,
with western receipts $4,000, against
1920 a year ago.
New York daily stock letter. by private
wire to Doremus, Daniel & Co:
NEW YORK, June 1S-The stock mar
ket opened this morning entirely in the
hands of professional traders. The bear
ing into the market. relentlessly proceed
ed to offer stocks down. At times there
were also signs of liquidation. AS result
the entire list closed weak. many stocks
showing loss Of to points on the day.
The volume was not especially large. An
noon did not meet with very enthusiastic
response
The market seems to be just sensl-
tive as to the trend of leading COM
modify prices, such as sugar, cotton, COP