The Birmingham age-herald., 1924-01-01
Cottol, Letter
KAHN BROs. A yIROIN

1 NEW YORK, Dec Sf.=Furtner iiquida- tion and professional short selling carried
 sna paces bIt tn. trade noted as a buyer on the way down and the feeling soon became general that Liv-
 sn% sTpoVi sbaSo Mo'tT brea% on this side. "
 The strength in the stock market had a great deal to do with bringing in some outside buying and professional early
 sellers were soon attempting to get their contracts back.
 Spot advices continued to tell of . good
 demand and the talk here Is that at least @
 shipped out Records show that ss dif- ferent houses took up cotton on the Janu-
 Sesoa aas to ss s of
 cotton in view of>the large and. scattered | ownership.
 l found that bankers throughout the coun- try arc optimistic over the immediate out l in predicting protracted period of ac-
 we continue to beilsve that the impetus l where spinners are working on profit able margin. Should this continue Ameri- l can markets must naturally follow. in view of the very tight supply situation. r We hope the new year holds an album l dance of prosperity. wealth and happiness
 for all of our friends
 I NEW ORLEANS. Dec. sf.--Cotton de- veioped unexpected strength on the clos
 day ssn or to ,ni the surprise 1 CTS. It opened a shade higher, but soon began to follow New York on a downward 1 Prices, Price: declined si to ss points. but this 1 selling was absorbed, with March touch l ing 35c. Reports are that few big spot the spot markets and that the spinners are having a hard time to get cotton:
 It became evident around the middle Of | kl,af ThA IinIt a 1 fits course and contracts became scarce. Further realizing developed in the late
 afternocn, but the market took It well Spot houses reported good demand dur 1 ing the day. offerings are light and own
 CTS are firm in their atttude. !naairies 1 to good mill demand after the new year. | We expect the demand to broaden after
 the holidays and prices advance.-Fenner | 6 Beane.
 | HUBBARD BROS. \ co. NEW YORK, Dec. S1.-The market was l quiet and steady for, most of the day.
 realizing was checked by some covering
 the market ruled steady in the early aft
 ernoon. slightly above Saturdays price. General business was very quiet, the in fIuenee of the holidays prevailing through : | out most markets. The only important news concerned the weather south. which
 was most favorable in its relation to the 1 season which is being put in the ground 1 for the new crop. A severe> cold wave has l appeared in the southwest with tempera-
 tyre. of zero at Amarillo, h,: 5 S aSoys n. at at Dallas this morning. Moreover the lines of barometrio pressure are such as to lead l the trade to expect that this cold wave
 will extend to the Florida line by Wednes- day morning. Low temperatures in the
 winter are most helpful in these days %oped that this is t, only the first of sev- 1 eral spells of severe weather this winter. I We take this opportunity of wishing l you all happy and prosperous new year.
 As we are cotton merchants. vitaiiy in l terested in the future of the American | cotton trade. it seems fitting we should add to the usual season's greetings, hope l that next year may sec the production 1 of an American cotton crop commen-
 surate with the needs of the world; that | the farmer. the merchant and the spin l ner may enter the coming year with an-
 ticipation of a satisfactory and prosper | ous business.
 SHANNON X co.
 NEW YORK, Dec. 31.-The early mar
 liquidation h with with the he usual H accom- paniment l of local selling for turn, but when
 to covsr ana sonnd onS limited l ply of contracts resulting In fair rally.
 Demand, however, except h 90 far as 1t ! fairly conifortabie position now and Is dSpd dry Goods division. Spots news ie b1llish,
 and that. with the firm tone of he stock market, was responbible for the covering. The general feeling 10 that . rather mar | row market lies just ahsad and some are looking for-the usual sdanuary reaction, though there appears small reason to ex- pect that that will be helped by any pressure from the actual.
 Exports continue satisfactory. Much de- l pehas sn n action of the g5odS markets aftels, tes., lteIttlays. INGroh ssea on TeceN- siens hft}s tAe best stiil for those vino os j protect tfe3z interest snd average a little i II dScttnus hanpen to go somewhat fur ther than expected temporarily,-Pos & v fleRE.