The Birmingham age-herald., 1902-10-12
New Orleans Market.

New Orleans October 11-Although several of the large houses were closed today on account of the Jewish day of ntont nent, the spot cotton market was fairly active, and tho transactions were larger than usual fer Saturdays half holiday. Sales were $500 bales. Quotations unchanged.
 Under the influence of Liverpool the future market opened up to points, and advanced points additional, but un- der mild rush of selling orders prices fell away with only occasional slight up- ward fluctuations until the previous bull advantage had been lost, and the market was forced to a closing that showed net declines from yesterdays range of 6 points all along the line.
 New Orleans, October 11.-Cotton fu- lures quiet and steady; October, 8.2O bid; November. s.22@S.24; December, 8.2Sds 29; January S.32dS.33; February. s.33Qs S5; March. s.3SQS.3s; April. S.39dS.H; May, S.42@8.44
 New Orleans, October 11-Cotton quiet; sales, 2S00; ordinary, 8-16c; good ordi- nary, 11-16c; low middling Sc; middling, 8 5-16c; good middling, SIC: middling fair. 13-16c; receipts, 8321; stock, 186, 271.
 Daily Statement.
 Galveston-Firm; middling, sskc; sales, 1331 receipts 15.275; stock. 120,056.
 Mobi1e-Quiet; middling. 1-1sc; sales, 1200; receipts 10o6; stock, 17,110.
 Savannah-Firm; middling, SEC; sales. 739; receipts, S772; stock, 90 436.
 Charleston--Quiet; middlng shc; sales, 100; receipts, 1862; stock. 1s.745.
 wilmington-Quiet middling, sAc; re- ceipts, 2977; stock, 19,644
 Norfolk-Steady; middling, Ssso; sales, RQA- racpfnfa b905. afoCE 6SQ
 Baltimore-Nominal: middling, 9-16c; stock. 2664.
 Boston-Dull; middling 8Mc: receipts. net, 9; gross 10s1
 Philadelphia-Quiet middling, s1sc; stock, 4559.
 St. Louis-Quiet; middling. s%c; sales, 316; receipts, 3144; stock, 7944
 Memphis-Steady; middling. 5-16c; re- ceipts 6o7o; shipments, s719; sales. 24OO; stock, 46,64S.
 Cotton Letter
 c. W. Lee & Co.'s Letter to Cothran 6
 Co.
 New York, October 11-1t begins to look as though the factors outside the cotton situation were of more importance for the time being than anything in the cotton situation itself. As this Is the case, one must recognize the fact and make the most of 1t. However, bulIish we may be on the cotton outlook, there is no getting around the fact that the coal strike grows more and more serious each day and of more influence in the way of preventing spinners from buying cotton. If coal cannot be had to run the mills and mills are obliged to shut down in a great many cases why It's manifestly out of question to expect the mills to buy raw material that cannot be used. For this reason we believe in exercis- ing great caution on the buying side of cotton. If 1t were not for the coal strike prices would be much higher than they gre today, but as long as the strike is on ard it looks far from a settlement today as ever, the market cannot be but infiu- enced by It. This coal strike was without doubt the main factor this morning. Liv- erpool's purchase of large block of cot ton advanced prices there points but hereafter opening at 6l for March anc May and 80 for January, the whole mar ket slumped to points. Before the mar ket opened there was more talk of coal strike than we have heard in the past, 1t kept people from buying and even the storm in the south did not have as much effect as 1t would have had under normal conditions. Ih some places and inches of rain fell More is predicted today and tomorrow. But holders. seemed more in- clined to sell than to buy more. It was a good market to let alone, while things are so unsettled we cannot advise buy ing of cotton without caution. The mar ket will be here when factors are more favorable.