The Birmingham age-herald., 1924-01-10
Cotton Letters
KAHN BROS. & VIRGIN

HAHN bhUS. G tlhulN
 NEW ORLEANS. La, Jan. 9.-Our mar ket opened 10 points up. though due to open 30 higher and then sold off 40 ginnings than expected and talk to eff feet that the next consumption report might prove dissppointing were mainly however. met with good buying and prices rallied about AS points in the middle of the d1 Set Tbe or ii out to be s.sO7.ooo or 253.0OO for the pc ried compared with 10s.o00 and forecast confirming government estimate of 10,- 0s1,ooo bales of 500 pounds and sold on #, The general view, however. is that todsy's figure points exhaustion nearly every where and there's very little moro to be gInned. As it will take glnnings of crop up to the governments estimate in 500-pound bales. owing to the light weight, it still looks like it's estimate will fall Short at least 150.0oo to 1s0,oO0 bales. Advices from the interior told of big spot demand at hhe highest basis of the season with one big firm securing the for low grades or all grades availa ble Russian agents are buying. Indications sa san be fFe Higher pres fore, appear inevitable.
 NEW YORK. N. Y, Jan. s.-The fea- ture of the session was the census ginning report whose figures were slightly larger than has been generally expected. This;
 
 been looked for gave us an opening de- cline which carried prices about $2.50 per bale lower than yesterdays finals. There grams received from the south, but they failed to stimulate much buying, owing to the feeling here that this demand is the filling of old commitments due the mills by various spot houses
 Comment was general that the Passaic mills were to resume full time but to off set this report from Gastonia, N. C.. stated that mill curts ilment would soon improved demand for goods. This was confirmed. in a measure. by other tele- grams received from the Carolinas
 bulish ih SdnH that traders are Beginning ''S to wonder why there is so little eagerness displayed on the part of prospect tive buy
 Until after the forthcoming report on consumption, think the market will prove d trading affair.
 NEW YORK, N r., Jan .a.-Cleven- burg says: "Liverpcol ol earp lower and we opened down, but the r.arlsst showed no buyer here arount the opening and tnot people were D udeyate buyers, hut latel selling in tie absence ef support, II volume of speculative dentn1 b. ns Inc market ralIiod, .howryeF, in. the eai.y sfteFsSGH shs aSSh on 9 vsa "svlaSs ron or 5o.Ooo oalss ny hsa ths gsyeso sxes6ted o S.d Led mate of 1o,OSJ oeO bales wss ah1ut cor rect. Mill news from New ErElsnd. with one exec ptIoT sl wero ratHer T lfavorable, but in tho C Toinas .hc s't on is bet ter A telegram from la IS reported b. len ,old to Rus >a- here is con. ., It nsH crop tala nd it is pre- " l ttat the emergeuoe of weevii will b .nueh ess beearse f the recent rseze. A. ror the er ct. 1t appears to Dc a trl ak sff waiting develop
 Isivcvsool a 2ids: March, s4.s5c; Na.. s6c;. 7usyi 39a c; October. 2s.ioc
 Llv .rpcol 3aa nuary. 10: March, 19sod; May tt i'd; July, 19asd; Oc. tober. ls.oid 'lner & Beane
 uUBJ UD BROS. & co.
 NEW YC'T Jan. 9.-At the opening ob b sness IS morning appeared a cen sus irea lsport the amount of cot tor innea to January 1. The figures e,Sg l3s oaes. were somewhat larger ih'e" '. erate had expected and caused ten rY 'ecline in prices. A good Apot nand was reported from Texas and tho market in the early afternoon had