The Birmingham age-herald., 1924-04-13
. COTTON MARKET

NEW ORLEANS, April 12.-Rain in the eastern section. prediction of unsettled or day. acceptance of the Dawes plan by German, cabinet and strong spot news caused the advance. Dry goods news was of the buying was concentrated in the first han hour. After that the demand fell off and some realizing developed. Possibility of bearish fconsumption re- port, Monday probably stimulated most of the realizing; New York also reported ss1Sst gs shs and about half of the early gain in the hears was lost while October closed. prao- ticaiiy unshanged. The future of the market will turn largely on weather de- veiopnleTlts over Sunday and the census report on consumption. We doubt if con suinption will be as small as the trade able.--Fenner and Beane to shannon and company. itf
 NEW ORLEANS, April 12.-The. under tone of the cotton market. especially in Liverpool, remains good in consequence of the. mark of approval having been stamped on. the Dawes report by the al lied nations. and by Germany. Mean while, climatic conditions in the cotton regIon remain generally unsatisfaetory be- cause of too much rain east Of the Mis- sfssippi river and low temperaturess There ia some improvement in the demand for domestic cotton goods. sales at Fall River the past week amounting to 1s0,000 pieces of prints against 100000 the pre- .ylous, week. and, U,OUO week before last. There are persistent rumeis of the prob aUiiity of large shipments out of. the New York stock during lhe fast half Of April, perhaps 50,0vO bales and Indications are that exports from ssout utherhn ports will continue free.--H.s & B. Beer to J. F. Willlngham $ Co. yf t-,'
 NEW, ORLEANS, April 12.-An almost sensationally bullish Liverpool market and rains over the eastern belt served to rush n h- ing Saturday. Most buying was in July, which traded 60 odd points over the pre- vious close at the high. The strong Liv- erpool was supposed to have been on the report. that the German cabinet had ac- cepted the Dawes commission report, and official acceptancse will come Monday. Dry goods reports were somewhat better, and the weekend trade reviews were fairly optimistic with retail business showing improvement. Spot demand both shere and in the interior continued sbullish. There was selling in the second half of the session. in anticipation of the con- sumption report due Monday This report is expected to show less than 5Oo.o0o bales for March, as compared with 5Oo,- 900 bales in February and .62a, 900 bales for March, 1923. Anything over 500, 900 bales VIII be builish. The wea ather out look over the weekend is unfavorable. Should the consumption report be bullish and bad wea ther continue, higher prices are obe expected.-LeVy & Aronson to s. R. Stewart.
 
 {. NEW YORK. April lz.-Liverpool was sharIy better than due this morning on The; theory that indications pointed to at least more favorable attitude in Ger many regarding the Dawes report. Bad weather m the. Atlantic states also con tributed to the improvement in that mar ket. After opening up our market. sold off on the idea that all the good news was out. and that it would be Impossible to get the cloth market up. higher than prices that are now prevailing. In the meantime the demand for spot cotton con. tionues strong and indications point that large portions of our local stock will move out Generally speaking the trade here are all looking for a further reaction in the market. especially if the weather turns off better It is partly cloudy in Texas and there. are some. prospects of showers over the week -end. Broadly speaking, little attention is paid to the late start which the crop has had on the theory that there is yet plenty of time for 1t. to catch up. The trade fails to realize that this year, with the extremely sm all carry oven that we have to depend entirely on next years crop for our sup plies. Liverpool futures are due Monday. May 1s.2Sc; July, -17.6oc.-Hubbard Bros. & Go. -s a,