The Birmingham age-herald., 1924-04-17
COTTON LETTERS

NEW ORLEANS, April 1e.-=The cotton market was a small affair as the reac- tions were made altogether by covering orders or realizing sales. Forecast of un- favorable weather over the belt with rains or showers, in most sections and flurries of snow in the northwest probably fur nished chief induceirient for covering or buying, though announcement that Ger many has forwarded its acceptance of the Dawes plan to Paris was a helpful influence. Early cotton planted in south west Texas is not doing well, the weekly review stated. and cool weather has in- interfered with proper germination in the southeast. Advces from New York to the effect that there is still large in- terest in May and July with the long end of both in strong hands tended to make sellers cautious. in those months, while the weather checked selling Of Oc- tober. Professional sentiment leans to the selling side. but the tightness of May and unfavorable weather outlook are re- stricting sales.-Fenner Beane. to Kahn Virgin
 NEW ORLEANS, April 1S.-Cotton was only moderately active Wednesday with the price trend somewhat higher but with absence of outside support in view of the approaching holidays restricting activity. Liverpool made good showing. the weather map was more favorable than expected, but the forecasts and weekly weather were sufficiently bullish to advance prices sharply under normal condition. Goods news was disappointing, trading was reported quiet and a tenden- cy to weaker prices noted. Spot demand was lacking. There was hardly a report on spots during the day and one wire from Dallas said demand had fallen off considerably. although the basis remain ed unchanged. Cables reported further which may have good influence on the Liverpool market despite the hoiidays which will make for a smaller market Thnrsday:rrLeyy & Aronson to S. n. Stew art [-.
 
 NEW YORK, April 1s.-After hesitat- ing this morning the market sold off un- der local and western selling on the idea that the most pressing short interest has been covered and that the slackening In the dry goods market would again bring about decline in prices. This decline was arrested and the market turned strong. covering all the losses and ad- Yancing over last nights closing prices on the forecast of extremely bad weather for the western belt With freezing and very cold weather with probable rains. The crop preparations are now becoming very important factor, and the market doubt very much whether any large amount of cotton will be rendered on May. Liverpool futures are due tomor- row: May, 17:9Sd; July, 1724d.-Hub-
 NEW ORLEANS. April 16.-The trend of values was to shigher levels today as a in the interior, the continuance of free exports from the United States and im- proving European separations advices:'
 Showers occurred In Oklahoma. Texas and in the South Atlantic overnight and predictions are for unsettled showery weather in nearly all districts of the cot ton region, much colder for the northern half of the western belt whereas dry, warm weather is desired almost every where in the cotton region.
 It is becoming increasingly difficult to buy cotton in quantity in the south, even at the ports owing. to the scarcity of the staple, especially of desirable grades and any demand of consequence would likely De reflected in a higher market particu- larly if climatic. conditions remain unfa- vorabie.-H. B. Beer to J. +. Willing ham X Go.