The Birmingham age-herald., 1923-03-18
Told by Priuate Wires
HUBBARD { CO.'S LETTER

our opening trade locals bought while Liverpool and tho south sold. Prices were quarter hour advanced above last nights close. There was some buying of May by
 trade interests. Galveston wired that the general European demand was better with
 wired that better inquiry was evident with some mills reporting large sales at high prices. This stimulating spot news caused decided strengthening in the near position while the generally better weather over the belt caused the new crop months
 70 show tagging tendency. Should the
 spot news continue good and the weather
 near months to increase the premium at
 least temporarily. Futures in. Liverpool
 are due on Monday: May 1s.15d. July 1o Switchboard Bros. & Co.
 sTEwART's LETTER
 BIRMINGHAM. Ala, March 1.-The ing. 15 higher to l5 lower than Fridays close. the irregularity was said to have .s.e stre n sy NeM ws
 led the sellers. These contracts were quickly absorbed and prices rallied 70
 on the forecast for unsettled weather west tomorrow and probably more rain
 previous close. spots were generally ss down at New Orleans to 25 up at Dallas
 with light sales reported for the day. taking by buyers of yesterday. An su- thority on spot and crop matters in the eastern belt said spot demand partly sup. sided. Map indicated another bad spell of weather mostly for north central ana ca stern belt. possibly another cold wave M warmer in the southwestern portion. The market ruled firm during the short ,!, ses- sion and higher prices next ~ees are iier nse over the week lend. Declines appear only temporary and the buying side. par,icuiar, profjtable side.-s. R. Stewart & Co.
 DOREMUs. DANIEI. { co.
 NEW YORK, March l7.-StocSs: Week end reviews of business expansion continue 10 surpass the best previous records. Dun.s
 Review says: "Frsight moyemen' |. cSn,,m- Sno,,, ing and with record domestic consunptionn n
 there is active distribution of textiles
 London Times a conference has. been ar ranged between representatives Of the ger
 man government and leading ,,ton rhsir
 plying 10 Bedford of standard. Oil says for unnumbered years. and denies that any check to production now exists. Aithou9h .nns ,hsa
 we still believe that the general price movement will continue upward. and that
 Cotton The market holds its advance today for tue first time since Wednesuhy' when tho highest prices of the season ,, were ing of further realizing. and as matter of fact we think there were quite few
 profit taking and hedge sales. But the market has taken care of this selling won cotton wanted at prices slightly under the
 market. With more optimistic reports as to trade in Lancashire. and with the firm CT tone in our market today. the cables
 Monday morning should show some erabie encouragement to bulls and may in-
 dues ssesse ssFeAsr sr.m: Wheat started firm. all
 though Liverpool closed only H higher.
 There was renewed buying of May and
 severe cold wave predicted for entire wheat belt tomorrow. This absorption caused prices to move upwards about &c, . where profit-taking appeared Setbacks
 met renewed Suy!nE. however; and tho | ines and closing practically at the top. The IInited Kingdom did not follow our ad- vance, but tho continent continued buyinE. with a fair overnight business of 250o , bushels and sdditiensi sale: made today; hard winter via the guif. Corn was dull | but firm all day. Inability of exporters 1 to secure offerinss of cash even with | fancy bids. restricted cash business. al
 reported at outside markets rhe weather map over the belt continues unfavorabie. I and although seaboard bids were way above the Chicaco basis in our own ter | ritory. The cash situation Is gradually
 forcing tho trades attention to the under
 still firm believer. in hlsAer future priess. | STEEL MARKET
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