The Birmingham age-herald., 1923-05-15
DoREMUs. DANIEL & CO.'S LETTER


 James E. Bennett X Co.'S letter on grain by private wire to Doremus. Daniel X Co. ::
 CHICAGO. May 14.-wheat; Higher early, sold sol of, off nearly cents, then firmed Weather conditions in the main are fla vorable, but there are reports from Illinois it should. In the late trade, the market hardened and offerings in the pit dried up; The evisible supply decreased 2479.- 900 on passage; stocks decreased 332O- Ooo for the week also. The May wheat was especially firm here. with scattered buying and limited offers Commission houses tock the wheat on the breaks and took the slack out of the market Local stocks decreased 117.000. The shipping de nraIsir nrand here M is moderate. but there is no or s36.000 for the past three days
 Go,rnI-Trade fairly active. strong early, i breaking With wheat. and then rallying again. Cash demand not so strong Of ferings from the country are extremely united Total stocks decreased 357l, ,OO1 decreased 3,760, 900.
 Oats-Liquidation hit the oats market full tilt for time with a break of more than cents from which there was some recovery when corn rallied. Visible stocks decreased afs dam 1;472.ooo; There was moder- were quarter to half cent lower.
 Rye-Visible decreased 641, ,O00; receipts Provisions-Undertone little steadier Receipts were 49,000 and the hog mar ket little firmer. Receipts were 134 - 900 in the west, against 1140O0 year ago Liverpool was little firmer. Top prices at the yards were S795.-Doremus Dan iel & Co.
 A. A. Houseman & Co.'S letter on stocks by priavte wire to Doremus, Daniel & Co. :: NEW YORK, May 14.-Around mid day the market turned abruptly and a sub. stantlal rally occurred which carried sev- eral active stocks up 2 points or more One CT the developments used as a bulish 1HTO inI | script1on of the s4OO. 900 900 government loan. At the present it appears as if suppl supply n of stocks around present levels nave been pretty we'll cleaned out and short covering if nothing else ought to adyan adfly ancss the , recovery further! Additional active stocks appears to us proba blc.@ Doremus, Daniel & Co.
 James E. Bennett S Co.'S latter or stocks by private wire to Doremus. Daniel NEW YoRK, May 14.-rhe market result of heavy selling Saturday and a, 2. result the shorts did the most of the steeIs Rails were firmer and the Forts to depress this group are now meet ins With substantial resistance. Equip professionals selling temporarily lowers the price'-Doremus. Daniel & Co.
 Roscoe. Redwood & Co.'S daily letter on x Co.,: NEW ORLEANS. May 14.-Hisher from the the openlng today, the cotton market was strongest in the late trading, under ru- nSrs, rnoTs or builish operations in the July position and reports of severe weather n some localities in Texas. the result of the new storm areas shown on today, weather map, and which seems likely to eastward. ~ ~ i'to' Cd :. Altogether, too much rain was reported m the belt over Sunday and, along with II, temperatures remained too low in ton region. It was only in the southern portion that temperatures could be called normal. Unsettled and showery weather wa, was the forecast for practically the en. tire, tire ost, with the new storm just entering west TeXas at o'clock this morning It looks like heavy weather to the gulf coast as the result of this disturbance Late Tn the day reports of a cyclone at Soiorado. Tex, were received here. They helped to put the market to it's highest Rumors regarding July were that strong spot interests were in control of the long ehd or that month. and would demand uehVery on their contracts. One report oi ,,nae day had 1t that buyers were bidding 1nis market without being able to trade fhe total certifficated stock in this mar ket IS only 4,s07 bales. While it can hard " De expected that the upward movemen, ,ad ah continue indefinitely at the pace set .ouay' the market looks higher, with fho usual reactions under realizing Tbe chances seem to be that an altogether m iaVorable weather map will have to he Hs'u Hrsuhoheu with tomorrow morning.
 s, R. STEWART & CO.'S LETTER
 SihMlNGHAM. Ala. May 14-Iiyer pooI quotations came over slightly better than due this morning. With small sales