The Birmingham age-herald., 1904-03-26
.GINNERS' REPORT
 CAUSES BIG JUMP Buying of Cotton Was Quiet
 During Morning BULLS SEEMED CONFIDENT After Reading of Report the Market Advanced Rapidly, Supported By
 New Orleans BuIIs-closes
 Few Points of.
BULLS SEEMED CONFIDENT

New York, March 25.-The cotton mar ket opened barely steady at a decline of IA to 2l points following disappointing Iiv- erpool cables. and some selling on the theory that the report Of the census bu- reau might make a less bullish showing than expected. The bulls seemed very con ndent that the figures would confirm small crop estimates however and soon after the opening prices began to work upward on covering, and a somewhat increased demand for long account; though as a rule trading up to midday was quiet, with a general disposition to await the gin ner's report. By midday May had been worked up to 14.15 and July IA. %. At thIs time Superintendent King read the re- port of the census bureau showing tha total amount of cotton ginned from the l903-H crop to have been 10014. 454 bales. counting half round bales as half bales the usual commercial custom. and in cluding linters.
 Expressed in bales of 300 pounds stand ard, this would be 10,045.614 bales. This showing was more bullish than expected, ana was followed by jump in prices of about 20 points when heavy realizing caused a reaction of almost as many points on May before fresh buying orders came in. Then the market advanced rap Idly. The New Orleans bulls supported vigorously, and it looked as though the market was attracting a renewal of out side demand. Within an hour after the fig ures had been announced, May was sell ing around 14.S7 and July to 141O net gains of 76qS1 points to an advance from -the low point of the morning of about a cent per pound.
 This level was about that occupied at the time the suspension of J. D. Sully & Co. was announced. and brought out real lzing with the result that prices went off several points, following which the gen eral ruling of the market was some what irregular but genrally steady to firm.
 The close was a few points off the best, but steady at net advance of T to 76 points on the old crop and of 9Q20 points on the new crop months
 The advance was also assisted by the fact that the movement into sight for the week ran under early estimates, and the estimates for tomorrows movement were moderate.
 Sales of futures were estimated at 65D- 900 bales; receipts at the ports today 921 bales against S322 last week, and H. 64S last year. For the week. 63,OOO bales against 4645 last week, and S9,540 last year. Today's receipts at New Orleans were 1875 bales against 5136 last year, and at Houston 1907 bales against 3O36 last year.
 New York, March 25.-Cotton steady; middling, 14.75; gross receipts, 3302; sales, 1925; stock 96,5st exports to continent, 691; to France, loo.
 Total today. net receipts, 9241; exports. to Great Britain, S4O1; France, 160 continent, 991; stock 547030
 Consolidated, net receipts, 63, 4S0; exports to Great Britain, 21, TOP; France, 160; con tinent, 42.669; Japan, 50
 Total since September 1, net receipts, 6.652,514; exports, to Great Britain, 2,04O,- 010; France, 647,274; continent, 2,S19564 Lanan. 39,021; Mexico. 25.411.