The Birmingham age-herald., 1924-04-26
COTTON LETTER

A 4Ia a t=
 NEW ORLEANS, April 2sTrsdsrs in 4 over the small tenders in New York un- sr sss wsss psc.S m
 cuiation to the effect that New York fig urges on warehouse and certified stock upset sss SS sSorts s sid started covering move ment that was increased when the sec. Tsa ss ss s Sss sss York t was unable to furnish an accurate state. ment on either warehouse or eersfiea als from warehouses. Recent figures from the New York exchange. showed ware of ss, ,ooo The warehouse stocks were re- duced to 5000 on April 24.- Local and Nsw York shorts during the day. Prospects of rains over ss considerable part of the belt and freez- ia ins the he days day advance as rains outside of Texas are not considered beneficial. The eensdsssd ssns ws'h Kahn & Virgin.
 NEW ORLEANS. April 25.-The coming of more wet weather and lower tempera- lures to the southwest, promising to ex- tend over the entire belt over the week : end. with heavy to excessive rains in western Arkansas, Oklahoma and at sev- era1 points in Texas, in conjunction with continuance of free exports, large spinner takines and decreasing stocks of certff.
 
 an early easier market to one of strength this afternoon.
 The local certificated stock has been reduced to about 1l,000 bales and while the latest report from New York places the certificated stock there at about eS.-. 900. the warehouse stock there is said to be only about S3 900, which makes It likely for an important downward re- vision to be made in the certificated stock in New York when certificates are
 Returns to watkins bureau indicate an average increase in this years cotton acreage of per cent and returng to the Giles bureau point to an average increase . in the acreage of s per cent or about ! 5e,600.0o0 acres, of which about 2s per cent has been planted. vs. 27 per cent last year. Rumor had it that returns to the National Ginners association in. dicated an increase in the acreage ot 6 per cent-H. B. Beer to J.sF. Will
 NEW YORK. April sI.-The action of the market this morning proved that @ fasre was % little s & Sor io W.sl desre to tender der Aorbsd. The market turned strong imine. some diffeisnce @ @ Of opinieR 4a9 rsraTding sr % shs ; weather It is our ide6 tlseE fhe rains thss fell in ; Tszss will do ne harm but detrimentai to,acfop growth The market during the afternoon turned decidedly short interests in the near crop months. It will be quite natural ste see the differ enceSt between the near and distant months widen in so far as the demand is prin- cipaliy for May July contracts. At pres ent May shorts are switching into Octo- Der of later months. We look for sofne further advance and particularly so if there is any decided change in the wealth. CT for the worse Liverpool futures are due tomorrow. May 17.75; July 179s Hub. bard Bros and company.
 a1 NEW ORLEANS. April 25.-Cotton re- ceived its initial impetus Friday from the failure of a heavy volume of notices fo put in an appearance. The weather man showing heavy rains in the west and ir,- dtcating probably much colder weather in the northwest section of the belt was followed by official forecaatkF predicting ffeezing weather in tine QRIahoEnh and Texas panhandle. Liyerpnoi was disap- pointing wititsspot sales smatl and Fan River sales were estimated at 36,0eD pieces for the week. Week-end staffsz { ties were more favorable thanS Sxpected with takings about 1s2.O00 bales aKaIusf 17O,000 bales last week and 1BO,090 last year. The Giles crop report estiruated acreage at 3s.Soo,o00. an increase of s per cent over last year, and said 2b per cent was planted against 729 per cent fa date in le23 Goods trades news and mill news remain discouraging. The of- ficial forecast is for clearing and .wArm- CT weather in the west SaturdayA should better weather come, sales on good bulgAs Stewart.