The Birmingham age-herald., 1924-04-22
COTTON LETTERS


 NEW YORK. April :1.--some price fixing by those who had sold cotton on their call and therefore, must be sellers, occurred on the opening this morning, causing break of some, 90 to 90 points under Fridays closing prices. There was the the better Westhsr whieS S existed % % oysr tSs he belt over Saturday and Sunday. In fact, it was believed that farmers are rapidly catching up with their work. These offerings were taken by scattered trade buying, who also must ike prices on cot ton, which they had bought their call. so level for July was quite good. Generally speaking the local trades are quite against the market on the theory that we VIII nave a period of clear, warm westh, of cotton still to. be fixed before May notice day on Friday, which might cause Llyerpooi WAS osI closed ln aoday % thsaSes % tMhs M continuation of the Easter holidays, there was little If any influence from Europe. which has been the dominating factor for better prices during the whole season Liverpool futures are due tomorrow, May May, lI:Iad July. 17,ipd.-Hubbard NEW ORLEANS, ApriI sl-UnmindfuI of the Increasing hullishness of the statis- ttcal position of raw cotton and the satis- especially from Manchester, most Ameri- can traders are bsaing their operations in the futures market on the unsatisfactory situation in the domestic cotton goods
 Today's decline was due to that reason and because of good weather having pre- also owing some improvement reported in grogress of the new crop in southwest
 The firmness of foreign exchange at higher rates reflects the favorable recep- tion and consideration accorded the Dawes reparations plan, which is tending to re-
 
 Notwithstanding the Easter holidays. spinners of the world took of Americas cotton past week 17o,oo0 vs. 11s.ooo. mak- 10. 1s4.SsO. ''' N's'' 0' ''VA'''0O s''
 Compared with last season exports from United States since last Friday were 3s,- 900 vs. 4,0ss.000.
 Receipts continued liberal at the ports.
 inasmueh as ginnigs this season were at ali ports thus far this season figuring e,262,ooo vs. S,s17,0oo. receipts in the fus ture would show falling off unless the demand for exports let up. In event of exports continuing free. stocks inland will be all the smaller later in the season. $, Business on the New Orleans cotton ex. day. eiection day in Louiaiana-H. and B. Beer to J. F. Wininshatn and company.
 NEW ORLEANS. La. April a1.--cotton suffered rather heavy liquidation Monday in a featureless market, with the trade still waiting the disposition of the May position before entering the market &C., lively on. one side or the other.
 May notice day will be Triday, April 2S. The weather map was favorable and there were reports of consideRab bls progress in preparations of official fore casts of generally showery and cooler weather over the belt tomorrow, the gem eral opinion seemed to be that selling was mostly on better weather prospects. The goods news continued bearish;
 The tarde eenters report business dull. nNN eRt NH o0fr of confidence rather than because of price. Generally unsettled feeling about the intnre state of general trade has ex-
 European news, particularly EnSlish goods news continued bsarish.
 demand for goods than for long time. and hope was expressed that the worSt of the textile depression over there was over.
 Week figures Issued today were bales ssainsI isS.SoS last week. SSSS i7S.SSS only ssiis Saiss asain:t SHE % bSisS sSinsS iSst
 The market is likely to 'f be YiSr; nsrvous in notice day Friday.-Lsvy and Hronson to to 8. Stewart
 NEW ORLEANS, La. April 2I.-Trad- ing in cotton was more or less restricted by the holiday here Tuesday and the near approach of first notice day for May. A weak stock market mostl yfAvorable days iHtermisslon and reports of pretty good progress in planting from official and private sources encouraged selling and prices were on the down grade most of the time. The tiGhtness of May here and in New York and forecast Of unset tied weather overnight tended to restrict selling for time but moderate liquIda- tino in May and absence of reports of rain during the day later removed much of the earl apprehension over these in- fluences and induced liquidation of some long accounts. Professional sentiment leans mostly to selling eide on theory that a change ip weather for the better can not be far off and that any improve ment in crop outlook wil lbFing lower prices with it.-Fennsr & Beahs to Kahn c Virgin.
 LIVESTOCK
 Hogs; Receipts, 17o0O; early market to butehers and shippers to Toe lower; top, 3T.sS: bulk good and choice offer inse sJ.sS@Tso later market to big @sstiy .5soT.SS; Closing top. sS'ss; iiS fight lights and pigs unchanged; desirable no to lso pounds. mostly ss.2S07oo; lSo ts lso pounds. s7,2S@7.SS; packer
 Cattle: Receipts. 5000; native beef steers steady to strong; beef steers and other classes, steady; top steers tI1.o0; bulk natives, $500 @e.TS: Tsxas steer. :lIssS;, :lIsS; eSik s light yssriiSE and hsitsrs, S4Bo@I.f5; bulk light vsaiers Including practical top. Ss.soQaOo; some stock steers upwsrd te CTS
 strong te 7sc higher: sheep unchanged; two decks good shsaring lambs, siSs2B; three decks medium to good clipped. 2i.,,,s. ao en9isg sMSS oa sAis tsw n me