The Birmingham age-herald., 1924-04-30
COTTON LETTER

NEW ORLEANS. April as.-The con- tinuance of unsettled weather in the ina the belt where showers were numefous. heavy rains in localities, particularly in Oklahoma, occasioned steadier and some with last season experts from the United states today were 21.000 against Ii, 900; since August l. 4.s5s.000 against l,os0, GOO. There are unconfirmed rumors saying the federal reserve board Is considering the advisability of reducing the redis- count rate in New York dfstrict.e Some realizing was in evidence this afternoon, weekly weather report tomorrow. as pri- vate advtces claimed recent rains in the southwest. especially in Texas. were very the review will be as favorable as gen eraliy expected for since there were nu- tn Mississippi and more rain s in et other sections of the belt-H B. Beer to J. F. Wihingham Co
 NEW YORK. April 2s.-circufation of May notices appeared during the first hour, causing some selling of that month but those notices were readily taken and Weather reports were not at all favor able, private dispatches told of rains in Also ysIey ro Ts1a rain around the Little Rock district that vas not beneficial to the crop. Those the market, causing some fresh buying of new crop months and moderate short cov- ering. As yet however. outside business ger and uncertain at this period. that few have come to any definite opinion as to say that Manchester 5sss sdviees are re "Ssi Eood and one cable to us stated that more spindles are operating daily abroad, which Tn itself is proof of more activity in mill centers, which must come from orders for goods placed with these Manchester mills. Should the weather continue unfavorable, we can expect a further upturn, Liver pool futures are due tomorrow: May. lsssd: July. 1886, Hubbard Bros. & co.
 NEW ORLEANS. April. .<zcotton was higher Tuesday on short covering, Following the recent decline stimulated by vorabie weather map ana outlook and good experts. Drygoods news continued. from recent sdyiees wbich repapts lprovement ;ne quate profit margin on goods and pros- poets of further mill eurtaiiment basis stock of eertificated cotton to s0.0O0 bales caused some buying. The weather esssspn be tSs n the eeotion, Trade news continues poor spot demand is not good and the weather out the next day or two 1t stiii seems that sales on the bulge will be best.--Levy & ArnonsonNio s. R. Stewart.
 NEW ORLEANS. April ss.74The quick stepping of notices for iS,ooo to 2o.oo0 weather in the north central and north western part of the belt gave the market trading. Shorts appeared to be the larE- est buyers. After the demand from that element was satisfied values slipped again but ended with all positions except May showing fair gain. One large spot house waa- credited with having issued most of the notices in New York and two other spot houses took them up.
 x Liverpool sent over reports of large trade calling and rumors that Manchester
  owing to good business. Reports of clear ing weather over Texas and cables saying reports from Egypt indicated large in- creases in acreage caused the dip in the early afternoon. There was some selling on the belief that the weekly review will show pretty good progress in the crops. -Fenner & Beane to Kahn 6 Virgin.