The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-04-10
COTTON LETTERS

NEW ORLEANS April s.-The contin-
uance OF large sales of spots in Liverpool.
$4,000 bales, of which $500 were American
and 1000 for export, coupled with the con-
tinuance of unsatisfactory weather inland,
occasioned further rise in values to-
day, but realizing caused The market to
ease off again.
The Dawes reparation report was re-
ceived with favor in France and In Amer
lea, but seems to displease Germany. but
vestigation ultimately. The weather map
Indications are for clearing, but colder
weather for the southwest, probably frost
north portion, probably showers and cooler
for the central mad eastern portions of the
belt. The market may be high enough
for the present, but will likely receive
support on important depressonsves pros
ports from the United States and offerings
OF spots remain light with good inquiry
for desirable grades.-H. q B. Beer to J.
r. Willinghsm & Co.
NEW YORK. April s.-The Liverpool
market hesitated this morning. as was
quite natural after the very sharp advance
was a continuation Of trade buying of the
near positions which again found the mar
seot Sre very Us S0 shsTn advanes took pjaee.
carrying May and July into new high
levels at which point sufficient offerings
appeared to relieve the situation for the
moment, with the market easing off below
last nights closing prices. The demand for
spot cotton continues active ana some
large sales out OF the local stock were
made today at premiums over the May
position, showing the difficulty of obtain
ing desirable cotton in the south. After
such an advance in two days, some reac-
ton would be perfectly natural. but we
do not see that the situation has yet
reached a point where the trade shorta &c
in the near months has been covered and
until this short interest is covered and
the price of cotton previously bought has
merely temporary. The dry goods market
continues to show a firm tone with in
creased volume of business being put
through. Scattered rains fell in Texas
and heavy rains In Arkansas and south
Texas, II they do not continue. will prob
ably be beneficial to the young cotton just
planted, but in the balance Of the state 1t
will again delay crop preparations, es-
s z &c, SO in MISUNDERSTANDING Bros
NEW YORK. April at has been a
very unsettled, feverish market with evil
IDENTIFY considerable reluctance TO follow
prices higher as yet until prices for goods
catch up more nearly to those for raw
material. As far as the short interest is
concerned, that has been materially re-
dJiced and demand from that source is not
likely to be broad enough to absorb fully
offerings in the way of realizing and by
professional traders feeling for soft spots
unless 1t 10 reinforced by larger trade
demand. Mills are curtailing and are re-
fusing to accept prices offered for more
distant delivery, as they see how acute
the supply situation is becoming and will
not take the risk of higher prices for raw
material, as they are rather confident that.
the necessities of the trade will eventually
force buyers to meet conditions more
closely. Spot advices continue very bull
tically abandoned ideas as to basis and
are paying prices asked provided they can