The Birmingham age-herald., 1923-04-07
DoREMUs. DANIEL & co.

Clark. Childs & Co.'S evening stock let ter by private wire to Doremus. Daniel
 The stock market was professional to- day but the undercurrent of feeling seems to have improved and certain quarters which has for a day or so taken bearish view Of the market were noted as talking mont companies are flooded with business. and this should be exceptionally profit able year for all in this group. Oils due for movement shortly. Steel foun- dries look like they the cheapest of the low priced dividend paving industrials. letter by private wire to Doremus Daniel & Co.,.
 The price of cotton lower today. mainly because of the sudden ending. tenn porary or otherwise. of the boom in Liver pool, where contracts stood at net declines instead of the net advances due. and where spot sales were only 5000 bales. Private cable messages said that the port demand had ceased. but some of them predicted that it would shortly be felt again. Increasing the effect of this was the statement attributed to lalge Amer side, that the bull campaign was over. Prominent traders here. however. were in clined to point out that it was not a one. man market. The weather map would have been called highly favorable had temperatures been higher. for dry weather prevailed in all sections of the belt. AL enced fin most sections. Some selling was done at first on the belief that the dry
 
 but this ceased when the barometer lines went up and formed new storm area to the northwest of the belt. Statistics were is3o0o bales against. 13S. 900 this week last year while tho visible supply of Americ-n lost 120, 357 bales against an increase this week last year of 17,SO9. and was reduced to :.o6l: 166 bales against 3,3sl. .524 a year ago. Many traders thought that not enough attention was paid to these figures. IL looks as if the weather map can hard Y fail to govern tomorrow. and if the new storm area is found. working into the eot- ton region, we look for upturns.
 Grain letter from James E. Bennett & Co., Chicago. by private wire to Doremus.
 Wheat; While there has been good deal of profit taking today there has been persistent buying Of small lots of both out of the market There is said to be fair buying also against exports at the sea board Premiums at the gulf a little firm er Green bugs are beginning to attract serious attention in Oklahoma the cold weather has killed off the natural are bulish. and the state department of agriculture says correspondents predict larger abandoned acreage than usual. situation in our winter wheat while the season for seeding is growing short in the north west. A further hardening of wheat prices would naturally stimulate more ac- tive flour business and incidentally more active cash wheat buying. We believe the Corn was a leader in the upward price trend in grains today. Country advices pressage a moderate movement. while for the next few weeks fairly good eX bort business can be counted upon. Recent buy CTS of May are not worrying about taking delivery, apparently. being evidently of the opinion any corn taken in will be easily marketed Oats: Undertone firmer but the market is taking it's cue mainly from other grains and particularly corn. Cash demand fair and prices were quarter higher relatively. Receipts. 40 cars. The market will feel low corn. Provisions: In spite af reaction in hogs which were ac off products met with fair demand There was a little stronger demand for Nex- port lard. Top hogs. $S 65.-Doremus, Daniel & Co.