The Birmingham age-herald., 1923-11-27
Cotton Letters
HuRRARD EROS. & co.


 better than due this morning and Man chester continues to do satisfactory business at profitable prices This gives the Liverpool market very strong under tone, the position in Manchester has not been so favorable for some time. Here the circulation of notices for delivery of about 1000 bales of cotton on December gave the market hesitating tone in the early trading, but as the cotton was soon absorbed. prices turned strong, the mar ket advancing to new high levels for the season in the early afternoon. The do- nestle trade were moderate buyers ab- sorbing southern selling in a quiet mar ,,demand for cotton at the new high prices following the strength in securities mar ket The supply situation continues very to be the curtalment which must come with this short crop. Business was quiet vances so easily without excitement would seem to indicate that there was enough profit taking last week to give strong Liverpool futures are due tomorrow; December, 2O,5sd; January, 2o-45d.
 H. E. BEER
 NEW ORLEANS, La, Nov. 26.-The trend of values continued upward today. new high prices for tho season being tablished as a result of strong cables. favorable Manchester trade advces and bullish spot advices from the interior.
 Liverpool cables were that the trade chester active and doing good business and that higher prices arc likely before consun1 ption is checked.
 Notices for bout 5000 bales December delivery were issued in New York this morning but were stopped.
 New York reported that it is estimated that Worth street sold about 275,00o pieces of goods last Saturday, the largest days business on record;
 A private wire from New York quoted the Southern Textile Bulletin, Charlotte, N. C., saying more goods are being sold today than when cotton was at 22c and predicted that more will be sold at s0c than now.
 was not optimistic, saying the market was quiet during the week and that the number of buyers in the market was far below average for this time of the year.
 Exports from United States of raw cot ton have been running less than last year of late. since Friday 29,O0O vs I9o00 The total stock at New York now. is larger than last % Xear s6o for tse e oo6 dirst time crease of 22,ooO bales vs decrease last year of 1s.000 or a relative increase, com pared with one year ago Of 10000 bales since Friday.
 chlekashs. Okla. wires al, all gins west ning day and night. Reliable people here say glnnngs this period, November 1t to December 1 double of any previous period this season in these sections and that all congresses are blocked now.
 With the market at about the highest fish than they have been and domestic trade advices to demand for goods 
 KAHN BROS AND VIRGIN
 NEW ORLEANS. La, Nov. 26.-Cotton climbed 50 points further to higher levels today and maintained most of It's gain in the face of realizing and some hedg
 The stimulating influences were strong 1iverpool reports that Manchester con ness. smaller tenders in New york than predicted and good spot news.
 IF the opening to see whether the, tenders of 7,7o0 bales were taken. The first bulges met realizing but reports of the better demand of the season from west Texas points and statement from South .ern Textile Bulletin that more goods were being sold now than when cotton was at run larger. and fresh buying kept the market steady throughout the day. L Besides there is believed to be a large lhefge and short interest In December that pust cover before long. Indications are ssa any eoysrng of NF w sEnds Further advances are therefore prob hRe."
 iiJIN-w YORK, N. Y. Nov. 2s.-Strength 1 siH December and new highs for January. , s7iarch and May were the features in cot M ed on December. which were stopped tti vas reported by southwestern spot in- z. 4erests,, December firmed up shortly II the market with it. N Spot news from the south was bullish ]: and tife general news before the opening fl 0 the market and higher prices are Rolsd for barring so,as fn. natural reaction ssssG fFPHG March, s5.sod May. % s5.4cd InJiy Jaly s4.ssd; Decem Der S5,47d. .
 1sssd December. 2o.55d.-Fenner &