The Birmingham age-herald., 1924-04-09

/ NEW YORK, April s.-Market advanced again today under the influence of large | spot sales in Liverpool and expectations | of the publication of the Dawes reporti
 structive. Moreover 1t was rumored that a very large mill in Fall River would re- open after long period Of being com pletely shut down. There was a great | scarcity of contracts. and offerings which made their appearance were quickly ab- sorbed. After such an advance as we have had. some reaction would naturally
 be expected. but the strength of the sup ply situation is becoming more and more acute, and with the improvement in the dry goods market. 1t is difficult to what will prevent a further advance in prices while mills attempt to get enough cotton tO' run them through to next sea
 and therefore more caution must be ob- served. Futures in Liverpool are due to-
 morrow: May,-1s. s.03d; July, 1T.69d.-Hub- bard Bros. & Co.
 NEW ORLEANS. April s.-Short sell CTS were stampeded today and values
 rose 200 points for first time in months.
 The unexpected forecast of unsettled
 weather from the weather bureau, large
 buying of May in New York by spot
 houses, big demand for spots all oyer the south and out of New York stocks and settlement of Mellon tax plan stimulated the buying. Probability of early settle ment of reparations, coupled with cer- tainty of -habitation of Europe'S fi- nances probably played an important part in the advance. Tightness of the hears and increasing acuteness of spot situation
 dent to make selling attractive. The der
 mana was so strong that the market was well Sustained up to the close.-Fenner & Beane to Kahn & Virgin.
 NEW ORLEANS. April s.-After the opening today there developed a scar city of contracts. buyers -outnumberlng sellers. due to unsettled weather predIc- a and the continuance of free exports to Europe. As yet New York has shipped be exported out of its stock this month. In event of New York exporting so ex-
 tensively the market would be helped materially. In addition rumor has it that spots in New York today and that the Mississippi co-operatiyes have disposed of 1 it Is said, the Japanese are trying to buy also In afternoon offerings became so light and buying so general. that the limit of fluctuations for a day. 200 points, was reached on May after which values eased little. owing to some realizlng.-H. &
 B. Beer to J. F. Willingham & Co.
 NEW YORK, April s-The market
 provided an old-time movement today. in the course of which old crop months did
 not lack much of reaching the trading limit. Reports of further curtailment by
 domestic mills were received, but were construed as bullish in. relation to the goods markets by reducing the probability
 of any growing pressure from goods. Some big users ofe goods said to be dis
 playing more interest than for a long
 time, but are not yet ready to pay the
 prices which mills demand. That may come later. when scarcity of goods as a result of curtailment leads to a more ac-. tive competition for what there is Spot news continues bullish with little for sale but an increasing demand at rapidly advancing basis and mills appear deter
 mined to hold what they have and insist
 on delivery of anything they are due to receiVe.-Post & Flagg to shannon & Co. NEW ORLEANS. April s.-Cotton ad-
 vaneed the limit i'm the--May position at New Orleans. Tuesday. The market tells it's own story, in the acute spot situa- ton developed by bullish news and heavy covering by large operators with contracts scarce. The market actually sold off few points at the start on an only moderate favorable Liverpool but spot sales in the market were large
 Manchester reports were favorable and bullish enthusiasm was famed by definite anpouncement of the release of the Dawes report Thursday. The weather map was more unfavorable than expected and the forecasts are for more unsettled weather. Bearish sentiment has received
 a rude shock. It will probably take very | convincing news to change opinion. Should