The Birmingham age-herald., 1924-06-26


 NEW YORK, June 25.--Several rails moved into new high ground today and decided strength was exhibited In other groups and in individual issues. Pub lie utilities made further gains, with American Water Works and Consoli- dated Gas leading this group. A suit filed by the government against num- ber of Standard Oil units and Texas company caused some hesitation in the oiI group, but no liquidation of conse- auence made it's appearance. Among the industrlals, Schulte- Cigars covered a wide range, opening sat !1le upon an nouncement that the c0nbination with United States Cigar stores had fallen through, but later the stock advanced to 116 Savage Arms was another active speciality at advancing prices. Wool worth advanced to 1041s. Central Leather developed strength and activity up to 46 Marine issues were taken in hand again and advanced under good buying. Convention preliminaries seemed to have no effect on the mar ket, which at the close appeared to have resumed the upward course which started with the lowering of the federal discount rate. Final tone was strong.- Fenner & Beane to Kahn & Virgin.
 NEW ORLEANS, June 25.-The cot ton market was a shade easier, but generally, steady Wednesday, morning, with conflicting influences narrowing fluctuations. It was first notice day, additionaf private crop reports were is- sued and the weekly weather and crop report was an influence. Notices at New York were estimated to be for 2O,- GOO bales, which was larger than ex- pected, but apparently were fairly promptly stopped. No notices were is- It's estimate for June condition as 70 and indicated crop 11,40OO00 bales. The Cosho agency makes the, condition 69 and indicated crop 11, ,285.000 bales. These private estimates of around 1s- 100000 bales were more bullish than ex- pected and tended to keep 4Rgices firm in the face of better weather. The weekly weather crop report Saas expect ed to be favorable.-Levy &s Aronson to s. R. Stewart.>
 NEW ORLEANS, June 25.-The bull fish statistical position of the staple asserted more influence on the market Ntoday than did very favorable weekly weather report, and two additional monthly private crop reports showing higher average condition and indica- lions for a larger crop than one month ago. According to report, July notices for about 20,000 bales were Issued in New York this morning. Tie weather inland overnight was favorable and the weekly weather and crop report was very favorable, the market rullnB tower sin early hours in consequence. Climatic, conditions in the interior remain gen. yeraIly favorable, and crop accounts say plant continues to make progress. Washington reported warm weather and general light to moderate showers; very favorable for cotton, with progress mostly very good to excellent. Weevtl increasing in east and coast sections of Texas and numerous in portions of LouIsiana.-H. and B, Beer to J. F. Willingham X Go.
 NEW YORK, June- -25.-Early prices were 20 to 30 points lower on good weather, lower cables and 150 notices, but the latter were promptly stopped k and the market rallied, led by covering in July, with little for sale. This de- rnand for the near month increased in inc early afternoon, forcing the to $50 points, over October and
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