The Birmingham age-herald., 1924-08-21
COTTON LETTERS.

NEW YORK, Aug. 20.-Thes market has been quiet and steady at salightly higher prices during the greater part bf tke day. The tendency Is to reduce eonn1nflnnents before the government re- bort on Saturday, especially sas this
 report is to Dc after the marlks4 clozaBi md: consequently, many do net desire veeh end. While there has been some hedging selIing, the amount iA rather limited and Indicates not only that
 he erop Is late, but the urgent demand n Texas for August shipments. where he lateness oS the crop has made 1t Iifficult to fulfiH these commitments. Some private dispatches were received reporting the appearance of worms in Ehe western belt, which also has the
 tendency to restore a feeling of un- easiness as to exactly what the out turn of the crop>fs going to be-. In eact, there is some tendency now to tathef discount the large estimates of Inc past week or ten days, on the idea that these estimates would be ma serially reduced if any insect sdanage occurs, and there ia a possibility of It's occurring, due to the lateneas of he crop. We expect somewhat further Improvement before the govern ment report at the end of the week.
 Liverpool futures are due tomorrow: october, 14.e0d, and December, 14.6td.- Hubbard Bros. 6 Co.
 4 NEW ORLEANS, Aug. 2o.-The mar ket maintained steady undertone to- day, due to shorts covering, private ad- vices of weevii and worms appearing in scattered districts of the belt and be- cause of the uncertainty attending the movement of tropical tdisturbancea in soutn Atlantic ocean, which is expected to pass near or north Of Great Abaco island, Bahamas, by or during Thurs day night, which is about 150 miles east of the Florida coast.
 The weekly crop report vas generally considered q Stand-off, reporting tems peratures averaged reasonable over most of the cotton belt: that rainfall fell in portions Of the Mississippl valley states and locally In western portion of the belt.
 If the tropical storm keeps out to sea, Iit is likely to prove more beneficial than otherwise in event of it bringing eain to south Atlantic states, where needed. in Alabama Georgia and sec- 'tions of the Carolinas,
 The trade ia anxiousfy waiting the next government report, which is due next Saturday August 28, 10 a. m.s New Orleans time, or IS minutes after the local market will close on that date. If tho government foreeasta crop |oe 12,750,000 bales or less, the market |Ehay advance temporarily and probably decline if IS ,000, 900 or higher. The aver |age of six private aeini-monthly crop Ror4casta is for a yield of 12.97a, 900 bales. The governments forecast, as of August l. was for production of 12,S61, ,r GOO bales, linters not included.--H, and |B. Beer to ]. F. WillinghaTp &g co.
 NEW ORLEANS, Aug. zo-Influenced by better cables. the market opened slightly better, but the first session was quiet and prices 3lAetnated iu a ports of weewif damage in Texas and some still have their weather eye on the tropical disturbancs, interpreting the heavy rain at Key West as the ifldi- cation of the approaching hurricane.
 However, there seemed t5 be antiei- patton for a favorable weekly weather report; and, with trade reports weak, buying was. checked for much of an advance.
 Liverpool cAbied 4F'air business in spot cotton at unchanged prices fsEnaFket very quietI little doingi no features" {" The early forecast was for fair weather 1A WGot 4EAGa AAA4 0tAAA4-VAAANs ess4A SS9ASAs In Arkansas, fair Wednesday and cloudy Thursday Showers we're pre- dicted for east Texas and Iouisiana- Fair 10 partly cloudy was the forecast in the eastern part of the belt. The map showed a few rains in the Atlantics and the east gulf coast Reports from Texas and Arkansaa told of weevils and worme, but the ArlSansas report stated that the complaint wae not yet gen. eral. Foreign exchanges ruled about steady. There was a decline Of six teenth to a quarter of cent in cotton goods and business was generally re- ported moderate.-Levy G Aronson to s. R. Stewart. e1e
 NEW YORK, Aug. 2o.--Increasins re- ports of insect damage by reliable peo- pie served to further tender the nerves of tAe bears today, ana short covering resulted. Large western selling for a tIras. caused a setback, but when the details oe the government report map