The Birmingham age-herald., 1923-11-15
KAHN BRos. yIRGIN COTTON

NEW ORLEANS. La. Nov. 14-Cotton opened under pressure today owing to the tainty over the English elections and dis | turbing news from Germany. The selling was pretty heavy during the morning but the market took it well that sellers desisted around the middle of the ses- sion and then began to cover. As soon as the selling let up contracts became an e the market values advanced easily and just before the close sold 45 points above | the previous finals.
 Talk of slack demand from mills dur Ing the early part or the day. reports 1 that France was asking England to join her in seizing the northern ports of Ger many and rumors of more Wall street | liquidation furnished much of the in- centys fSF Sew the yoss selng sant rsnort o the effect that Wall street liquidation ap- peared to be over, Scattered points in spot demand at improving basis and the trade interest were credited with being lsrge 6IysTs There were aso rnnneTs tbs
 The. public is so strongly inbued with tke idea that higher prices for cotton are
 Inevitable that reactions are still re- tunitles and it will take but little en: l buying. This disposition to buy may carry the advance further but in our opinion the foreign situation is such as The II a. 4h. bids today were. on Jan uary. 32S2c; on March, 329sc; on May, ss9ec; on July s2.41c, and on Decem- ! l'ber4 ae. 72c. Liverpool is due tomorrow. in pence. as follows: December 1s;5sd {; ]snGsry aG, ls.9lG; 9v Mareh. rsh. 1s'1Sd' May
 NEW YORK. Nov. 14.--cables were
 sa ssis 0pe Pss asher by and local selling on the opening and hqui- daion of about soooo bales up to D., m. operator was all absorbed within 20 points , to large extent by foreign trade, The way liquidation was taken yesterday and today was very encouraging to the friends of the market who predicted that now the technical position had been strengthened ton to work towards former prices or into new highs good spot demand was re- ported from the south chiefly by ex- firm and the market. showed renewed snap The Liverpool II m. bids today Wsg9 ysg2a as may ITy and December, 1s24d Liverpool is. due to- morrow, in pence on January, M le ssdi on ls,52d, and on December. 1s.41d.--Fenner and Beans.
 II. & E. BEERS COTTON
 NEW ORLEANS. La.. Nov. 14.--After ouening somewhat lower result of easier cables and a further decline in foreign sumption returns for the month of De- tober. but there was further liauidation causing it to decline again. after which
 Tiquidation has been extensive of late, one line in New York estimated at l50.o0o it is likely market is technically better on that account.
 The unexpected general election in Eng land set for December 6. is having de- pressing effect on business there which
 is apt to continue until results of elec- ton known. Census returns were. bullish as to consumption mill stocks and active ontn a than opinion, the following comparative will be found of interest:
 This season against last Consumption October including linters, 5s2,953 against 596,379; consumption three months in eluding linters, t.s51,ss4 against i74lo against 1,3S1,o0o; stocks in public stor- age october S1 s,4s5,ooo against 4,2s7. against 5,s6s,OoO active spindles October s1. s4.37S.662 against S3,SS7.435; active spindles September 80. s5,s2s,sS5 against
 The next report of importance will be the. census on ginnings to November I4. this connection. following comparatives
 1928 against 1922: Ginnsd to Novsm- vember Il, 7555.ooO against s.1ss.ooo; from. Nosswber to November 14. blank
 There was some buying this afternoon on the theory that the ginnings due on 21st inst an estimate on ginnings to s4NOVentper IS, IS eNpSCtou ol tuc ginners association
 .. Liverpool cabled 'easy on political news. Trade nervous and inclined to hold off pending election. Spot demand not so good" s5.w4
 Meanwhile, situation in Germany has to be reckoned with also.--H. & B. Beer.
 HUBBARD BROS. CO.'S LETTER
 NEW -;. YORK, Nov. 14.--tSpeclal)- The consumption report this morning on the opening was. larger than the trade had expected. and it seemed to indicate more business on the part of domestic mills than had been believed possible in view of the tagging condition of dry goods. prices. The market advanced slightly on the publication of the report but met heavy speculative liquidation of cotton bought at high prices last week.
 This cotton was absorbed by gen eral trade demand In . quiet market and in the rearly afternoon prices ad- canced. slightly above last nights clos ing figures. The undertone continues stgQnss Ihe business is less active than Mslsehsstss.r ( sye M sEil cr5 ,mi!tic and ap, -frsus in itlist market We see little change iii the general situation and the