The Birmingham age-herald., 1924-05-30

NEW ORLEANS, May 2s.-Aithouxh cables were easier than due and not withstanding liquidation by longs hay ing continued today. the market did more than hold its own because of the continuance of unsettled weather i'm land, prospects for more rain in near iy all sections of the cotton reRiou and lower temperature for the northern part of the belt.
 The crop Is generally reported hack ward, especially in the early produc- ing sections of southwest Texas, and the further rains of late in the Rio Grande section will tend to delay growth and maturity of the plant in that unusually early district. Exports from the United States continue free since Friday 47.000 vs. S1 ,O00; thus far this season 5,1S7 900 vs. 4,2l7.OO and prospects are that end of month clear ancee this week will be comparatively large as there is Son shfpboard at Galveston and. New Orleans today 5O,- 900 bales vs. 31 ,000, and there is an ad- dtttonal 1000 aboard at Houston. Spinners takings for week tomorrow will likely be less than last years 1S1,OOO since they were only I76, ,0Oo last week. but weekend figures are not likely to exert much influence on values because all interest at moment being eentered in next Mondays gov ernment crop report.-H. and B. Beer, to J. F. Willingham and Co.
 NEW YORK, May 29-There was little of special interest on the opening this morning with Liverpool slightly lower than our price, or four or five points under last nights close. Dur ing the first hour there was a mode rate amount of speculative buying, possibly the covering of short cotton that was sold on the decline of yester- EI IaVw either way and were satisfied to wait until after the government report Mon day. The talk around is to delay buy Ing on the hopes of better June wealth CT. It seems to us that this is the idea that is prevalent throughout the entire trade and that is that during June we are bound to have a spell of very good weather which will put rices very much lower. However, it is not the healthiest tnins fer the market for those in the trade who are anxious to buy cotton to put off too long for these simple req sons that the old crop supply is very Hmlted and also we may not have the good June weather that is expected and in the rush to buy that would come in the event of our having bad weather IL would be very serious thing for the trade as we would not have the gradual advance that should come about but rather hectic one. We are stiH receiving unfavorable reports re- garding the growing crop not only from the southwest but also from the At lantic states. We are very fearful that If the weather does not change very quickly very serious situation will result. Liverpool futures are due to- tomorrow' July 17.2Sc.-Hubbard Bros. & Co.
 NEW ORLEANS, May 29.-Liverpool was slightly lower than due this morn ing, 21 English points down on spots with sales 4,000. American markets were unusually Quiet, opened to points lower thanA previous close. Weather reports were bullish and the action Of the market in face of them was explained by the statement that a heavy operator who recently was said to have gone heavily long and then switched had thrown overheard the last of bis holdings. Forecast is for showers or thunderstorms in all cotton states | Journal of Commerce special reports on Tennessee and Arkansas unsatisfac- tory. Realizing continues today, on weekly weather report which good | many thought indicated a government i not quite as low AS anticinafed-S R |