The Birmingham age-herald., 1923-11-14
OUer PriUate Wires
KAHN BROS. < VIRGIN sToC

changed under leadership of the rails and before noon the general list developed into a renewal of the upward movement. Jones Tea ran up 2h points in response to the October showing 40 per cent in sales over last year. Dawson Chemical continued it's advance, while among the rails the Fries were the leaders in the early deal ings, being followed later on by pro New York Central and several of the lower priced stocks The rail move is that this group has had in long while and 1t is generally believed that the inn provement will go much further and and will strengthening the entire market than could result from any other class of seems to have definitely changed for the better and the market now ignores bad that it declined heretofore on good news. Stocks are in strong hands again and that tells the whole story. are under way and these happenings never take place in bear market The sub sGripfion, books for the szSOOpoTyt sogtd Sond were closed within a few hours after the announcement. indicating that the public are in a receptive mood toward good in fvestments and that the bankers believe that that the outlook Is favorable & for con. con. slightly irregular again, with recessions from the high prices of the day.
 KAHN BROS. & VIRGIN COTTON
 NEW YORK, Nov 13.-Liverpool was disappointing, one cable explaining the o9Ssr. s sons sr,h ss0e which. seem to be disturbing factor hiauidatioa the feature here but posed to have sold so,ooo bales long cot ton and there was probably as much more ring within 50 points. Sentiment became almost unanimously bearish and commits 4al1N aAr Fofn nv taking. Dallas wired that exporters had the largest orders for cotton from Man- % advices w were W that p spot demand was poor and urgent spinners' requirements satis- fled also that much spot was sold
 bull side side for the nioment. Clearing house margins will be s7 instead of ss per bale
 f Liverpool Vee i II a. a m. bids: January. ss1sc March. ss.ssc; May. sS.4oo; July. s2s5c;
 Iivsrpooi due November A.: January. 19.Osd; March, 1S.s1d; May, 1s.ssd; July. 1S.22d; December, 1s.i6d.
 NEW ORLEANS. Nov. 1s--Liverpool was reactionary today for the first time in weeks and influenced by considerable opened 30 to 35 points down, eased lit tie further. rallied 80 to 40 points around off in the afternoon to the lowest of the day. At bottom quotations were 50 to 50 points under Mondays finals.
  liament will be dissolved Friday and a new election for members held December Is about to return to Germany to. aid In restoring the monarchy. for himself or his son were the chief disturbing influences. Sentiment Is still very bullish owing to the supply situation and the public bought on the. dips. but not nearly so freely as The uncertainty over the election in England coupled with the German situ- ation Is likely. in our opinion. to check t,rTsrf foYxa r,Ara aatI 1Anu iY1Nr a realizing asii and thus afford short sellers the best opportunity of weeks to bring about
 Ei1erpooi e II a. aGs'id m bids: oH January. @ ssoac: March. 3s.2oc; May, sS.1sc; July. s2.esc; December, 32.s7c.
 19.oed: March. 1s.s1d; May, 1S.7ld; July. 1s.2sd; December. 1s.fsd.
 H. B. BEER COTTON
 NEW. ORLEANS Nov. 1S.--unfavorable political developments in Europe d de as,- parliament will be dissolved Friday to be followed by general election in England
 The Baldwin administration in England has appealed to the country on policy of unadulterated protection to prevent the products of the continent, while As quith and LloyR George will sponsor free much disturbed as to final results next The purpose of the English election is
 
 unemployed in England, estimated at 1,5oo.0oo and bitter struggle is antici-
 So far as tho British textile trade is l concerned, improvement Is noted in the British board of trade returns for oeto. Der, which show shipments of yarn last month 15,ooo,ooo pounds against 12,ooO. .. 900 September and 1s,000. 900 October of last year, and exports of cloth totaled September of this year and 354,ooo,ooo for l October of one year ago. but there re- On this side of the Atlantic. the recent drastic. decline in foreign exchange. par vorable for new business ine raw cotton exports, which is reflected il, less urgent deWand for spots in the sogtn.
 Under the circumstances shere was more or less of a disposition to sealize on long contracts pending fresh developments. es- ners will decide to discontinue short time in mills using American cotton. Mean- while; however adviess rom Liverpool ,i would buy more freely If they did not fear pfl9ds Hdsiees s from rom New New @ York tSis afternoon are that prominent operator there liqui dated about 5000 bales today and tn, that t
 To last Friday spinner takings were ings this week will run against 443.oo0 last year and as they were only 31S,O0O last week they are likely & to be compara-
 
 II. & B. BEER GRAIN
 CHICAGO. Nov. 13.-Market was cratic today--higher early. lower at noon. then higher at. the close. Early. buying of corn was based on the forecast for wet weather in central states. The d-day break was due to the report that the cash prices at Kansas City and Omaha were 3 to 5 cents cent lower. Minneapolis wheat failed to sympathize with our early wheat strength because three days receipts were impress slvely large at 1898 cars. This Minneap- increase in the wheat visible contributed to the noon break in wheat Minneapolis reported firm cash market, but Kansas City cash wheat was to 2 cents lower. Feature of the trading was the good buy ing that went on around days low prices.
 It served to take the slack out of the market and was primarily responsible for the closing bulge, for during the last half to three quarters of an hour 1t seemed apparent that there was no longer any pressure of consequence. favorable in siuance is the fact that our relative weak ness has put us out of line with the Win nipeg market as far as importations are concerned. The outlook is for a firmer market i
 SHANNON co. STOCKS
 NEW YORK, Nov 1S-The market de- veloped reactionary tendency again to- affairs with easy cables and reports of cotton selling on tenderable basis at int srior points in the south. Some skep- ticsm is expressed in local circles as to pers with confidence that it will meet contract requirements, but the reports have a sentimental effect for all that Trade calling was reported in all markets but the demand lacked the urgent char
 Exports were large and the off-talxe