The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-30

under the July and September and was
relatively firmer than the July X, Kan,
dearth Of buying orders. Nebraska re-
ports were more favorable, and the news
tory estimates being raised by some
houses Northwest acreage will be small.
one estimate making the crop 2o8 100000,
against 27e. 900 year ago. Cash de
nland here slow with sales at 5000.
Northwest cash demand little better
with the market firmer. Gables weak and
foreign demand limited. Exporters here
and at seaboard say actual business with
other side IL Of small proportions, but one
bushels have been sold for forward ship
ment. The Indifference OF buyers to
cent bull news make 1t problematical how
the market is going TO be able to with
stand the usual heavy hedging sales,
with neither speculative nor an export
demand.
corn-Trade IA corn was narrow but the
market had : relatively firm tone most of
the day, with buyers, however. handicap ped
by the weakness IN wheat, which was
the strong feature. Buying demand is of
limited extent but there is little in the
news outside of this to warrant selling.
Country sales are MT heavy. and the cash
market was &c higher relatively. with
sales of 10000 bushels, including little
for export.
New York letter on stocks by private
wire to Doremus, Daniel & Co.:
NEW YORK May 29-The market was
very vague most of the day, although we
think We are able to see a firm under
tone and = disposition to buy stocks when
they slip off. Domestic oils we're rather
freely sold 1t one time to the accompany
ment of rumors of another cut in Penn
ever. lacked character and seemed TO be
mostly professional. Ability of Stude-
baker to snap back is worth watching
Altog We believe that it might be a
good idea TO buy few stocks in this
| quiet market in anticipation of higher
prices after the holiday.
New Orleans daily cotton letter by pri-
vate wire to Doremus. Daniel & Co:
NEW ORLEANS. May 2e-The cotton
market today was what might be expect
ed from the combination of national hol-
| country shut tight, and no weather re-
| ports, and bureau day Friday Most
| traders preferred to even up The gov
| eminent announced that the weekly cotton
weather and crop reports would not be
| issued until o'clock Thursday morning.
| memorial Day IL now national institution,
| and federal government offices espe-
cially. make strict observance of it.
| The weather continued highly unfa-
voraoie over the greater part of the belt,
furnishing the market support which off
set in large measure the dfsposition In
! even up commitments on the long side
Because of this evening up Il looks as II
the market is in good technical shape TO
go over the bureau report of Friday The
American Cotton association Issued a re-
port placing the condition of the crop at
SD per cent af normal. and the Indicated
crop at 1l,250.000 bales. The Giles bure m
made condition 1872, the increase in acre.
age per cent AID the indicated crop, H.
| 400. 900 bales,
unsettled and showery weather over &
good part of the belt. The longer thes,
conditions continue the less chance ther-
is OF a large crop and the more certain
i is that higher market will prevail
Doremus, Daniel g. Co.
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