The Birmingham age-herald., 1923-04-15
DOREMUS, DANIEL & co.

James k. Bennett X Co.'S letter on stocks by private wire to Doremus' Daniel
 There apepars to be some ground for the belief that there will be a change for the better soon in Europe, and for this reason there is a little more optimistic tendency indicated. There has been con siderable quiet absorption of stocks the past week or so during the liquidating process. which however, has not been so extensive, as expected. There Is now fair sized short interest. Long lines have been whittled down moderately and with TO change for the worse in the business or industrial world, the situation. we think, favors conservative purchases. We look for more activity in the rubber issues These have not reflected so far the big improvement in the standing of this indus try. Price advance in tires should be bull help in this quarter, and advances are predicted for the near future.
 Roscoe Rockwood X Co.'S letter on cot ton. by private wire to Doremus, Daniel
 NEW ORLEANS April 14-Declines to- day had their foundation in better weather over the greater part of the belt and prospects of still further improvement in conditions over Sunday. The barometer lines the weather map formed a huge area of high pressure, extending from the coast leading the more optimistic to pre- dict several days of favorable weather and possibly the breaking of the spell of unfavorable weather which has so ham pered the planting of cotton this year While there were further rains in the eastern belt the western and central di- cast called for fair weather except in some parts of the Atlsntics The excessively bullish March mill figures from the cen sus bureau fell flat, partly because ex- pectations regarding consumption were too high owing to the attention paid yesterday to private bureau estimate of 640,000 bales As it was the census bureau esti- mated consumption in this country at the record breaking total of 623.1o5 bales. not including linters, against 566.924 in Febru- ary and 519,76l in March last year, more spindles turned in this country in March "a n q 36.3o77o7 in February and S1,s72.s42 in March last year. This has been week with greatly strengthened technical posi- tion which must tell before long. Any thing that would start covering move ment on the short side would
 James E. Bennett & Co.'S letter on grain, by wre to G1
 ished for all wheat futures today this confirming the view that all of the recent but has been of broad character and based on the crop conditions and improved outlook for the export trade. Recently and hard winter wheat, as well of Manitobas. all of which have tended to been taken off. Today there were ex- tremely bullish reports from Nebraska, Missouri, Ohio and Michigan as. to the condition of winter wheat, while the seed ing season in the northwest now is dan gerously late, and material reduction in the area both in this country and Canada is apparently certain. We think the basis is being rapidly established for substan- tlal price upturn. Corn advanced rapidly with wheat. but reacted on some profit taking. The trade has been good and there has been heavy buying of the May. Cash demand is good, and there is nothing to indicate any increased run from the country. while the export business is fair, crop experts announcing there is but little corn left in parts of Nebraska. while corn Is being shipped freely into Texas Okla homa, Kansas. we still favor the buying side. Oats rallied little with other demand fair and sales were 40,0OO Coun- try sales are moderate. Rye was stronger with wheat, and there was buying based continent especially to Germany. If the export demand continues there will be no material setback in rye. Provisions easy with dull trade. Export inquiry is good and shipments are liberal The general tone is fairly steady. Receipts, 10000 with Doremus. Daniel & Co.