The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-10-16
CRAM ANp PRoVlsIoNs

10, interior towns; receipts, 100000
against $4,000; shipments, $4,000
against $4,000; stocks increased $4,000
against $4,000; total stock, $4,000
against 621,0 900. According to private
advices, the interior offered. freely at
a lower basis last night. New York
wired, Reported here Mike Thomas of
Dallas, Texas, talking four and three
quarters millions for Texas. Castles
brokers large sellers, followed by Wall
street liquidation" The immediate fu-
turc of the market will likely be gov
cially developments of storms.-H. &
B. Beer to ]. F. Willingham & Co.
NEW ORLEANS, Oct. 15.-We are
now entering into the center of a Pc
Rod of political uncertainty which we
believe will tend to depress commodity
prices, including the price of cotton.
We cannot see how it Is going to be
possible to- have a general increase in
duce a general buyiiig movement in
cotton until the forthcoming election
is out of the way and who is to be
the next President finally determined.
1t seems to us that much of the uncer-
tain feeling now undoubtedly existing
as regards the election outcome is exag-
gerated, only once before in the history
of this country has the election been
thrown into the house. Our conviction
Is that the great majority. of voters of
this country are still conservative and
the present "Prossive" will not sue
coed in breaking all precedent, save one,
in the history of these United States
But the truth of the matter momentar-
lily, is not important from the traders
point of view. What the majority of
buyers and sellers of cotton think it Is
the important factor and we believe
g. "a
prehension. Nothing kills business like
uncertainty. Also crop ideas have been
increasing owing to a strength of IA
vorable weather which makes for low
er prices. The market looks like good
trading affair TOR the moment and we
prefer sales on the bulges until some
new factor entering the situation.--Levy
& Aronson to S. r. Stewart.
NEW ORLEANS, Oct. 15.-After dip
ping % points at the start on favorable
weather, the market rallied "a points
later on covering, only to lose most of
the gain in the afternoon. The ad-
vance was due to a bulletin from the
weather bureau reporting formation OF
new disturbance in the Caribbean
Sea, statement in the weekly review
that conditions in Texas are unchanged
and that North Carolina is still suffer
ing from the effect of recent rains.
The weekly review was favorable with
the above exceptions but not as good
as generally expected in that 1t showed
picking nearly over in central + ortions
and little or no top crop in prospects.
The late selling was based on reports
of easier spot basis, freer offerings and
unconfirmed rumors from New York
to the effect a we'll known cotton man
of Dallas, who previously held small
crop ideas, had advised friends that
Texas may make 4750,000 bales. This
rumor was corrected later but the de-
NAL did not reach the market until
after it closed. His correct estimate of
Texas was 3, 100000 we were advised and
not Also, 900. The market acts oversold
and ought to do better in the near fu-
ture il the disturbance in the Caribbean
becomes menace as 1t probably will.
-Renner & Beane to Kahn & Virgin.
NEW YORK, Oct. 15.-Liverpool was
somewhat better than due this morning
on calling of Manchester spinners, who
find that they can fix prices for some
of their purchases at this level. Market
had a much better tone during the early
part of the day, but in the afternoon
heavy selling made its appearance on
the idea that the excellent weather is
increasing the size of the crop and the
next government report will be larger.
On, the decline, American mills were
! again good buyers, as they have been
| on every break below Csc. The senti-
ment continues very much against the
market. Large crop estimates are again
in effect, which Is usually the case
when the market goes down, just as