.,381,775.69
. t-IXON, I'rti. Birmingham, Ala.
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COTTON LETTERS
NEW ORLEANS, La., Feb. 19.—Col
lapae of the French franca, rumors of
more disclosures to come at Washing
ton and reports of Increasing curtail
ment among southern mills, furnished
the lnoentlve for more selling when
trading was resumed this morning and
values slipped ES polnfti for May. dur
ing the first hour. This decline seemed
to stimulate outside buying on the the
ory that the decline had discounted all
known unfavorable Influences. Later
on, reports that a big operator In Flor
ida was covering and large spot sales
here Induced a good deal of scattered
covering. The result of this combined
buying was a 100 point rally In the old
crop months and a good closing. The
new crops, on the other hand, held rel
atively steady, selling off only 18 points
on the early break and rallying 36
points on the bulge.—Fenner A Beane,
to Kahn A Virgin. _
GRAIN LETTERS
CHICAGO, 111., Feb. 19.—Wheat
showed firmness, but upturns attracted
selling by longs, which kept values In
check. Volume of business moderate,
with lack of aggressive selling pressure
was feature. Strength In corn was the
chief factor. Cash demand slow and
trading basis easy to hhade easier. Out
side markets quoted cash wheat about
unchanged. Weather reports Indicated
fairly liberal snow hovering over most
of the belt and additional precipitation
Indicated. The wheat market looks in
a scalping position.
Corn: Trade active and undertone
strong. There waus'lflile selling pres
sure aside from that which came from
profit takers bn upturns. At same time
new Investment purchases were made
and local bulls added to their lines.
