The Birmingham age-herald., 1904-03-01
Caldwell 6 Wards Cotton Letter.


 Chicago, February 29.-Liverpool wheat market was only 1sc higher this morning. Fluctuating in an uncertain way, reflect ing a decrease in Argentine shipments due to general strikes and outweighed by the days large shipments. Continued scattered selling was evident. almost throughout the entire session. The local talent naturally seize the opportunity to pound the market. Naturally at these prices we are in more debatable ground than we have had and there are two sides to the market, but the situation has not changed to any extent and the list should be bought on breaks. The war is still on and consols are almost at their low est price and complications have not been entirely averted by any means.
 Corn-Corn sympathized with wheat. There were thawing temperatures throughout the corn belt. being unfavora- ble for movement in grain. Another fea- west and the California rains. Corn, as well as oats, suffered with the break in wheat. which carried provisions along with it. Receipts of hogs were about as estimated and cents lower for live stock. Packers pounded the market and suc- ceded in uncovering number of stop orders. The coneensus of opinion In Chicago at the close is that the market is much more healthy for the break.
 By Fl. & B. Beer.
 New Orleans, February 29--As Liver. pool was much more favorable than ex- pected, our market opened 37 to 4S points higher and subsequently, advanced 24 to 25 additional on fresh buying owing to the light movement and the small esti- mated receipts for tomorrow at New Or leans, Galveston and Houston. About this time the decline of quarter ad- ditional in English consols and 75 points in French rentes was attributed to the unfavorable outlook In the Balkans situ- alton, and a break of 27 points from the top was quickly established. The good demand for spots at an advance of M of a cent and the strong statistical posi- tion brought in a good class of buying and rally of 27 points soon took place. Near the close room traders taking profits occasioned a slight recession, making the net gain 60 to 6 points on the day.
 Port receipts for the three days aggre- gate 21,O0o against 50.00O last year. the five leading interior towns during the same time received 17000 against 23 900 last year, and the semi-weekly receipts at the thirteen leading interior towns are estimated not to exceed 26,000 as com pared to 44,000 last year. The amount brought into sight last year during tha present week was 177.000 and the week after 1t was about 1S0000. Last week last year it was only 165,000; therefore it will be seen the movement was on an increase last year. whereas this year it Is on a decreasing scale. The compari- sons of amount brought into sight are running against, are relatively so heavy, and the indications this year so light, that operators here are extremely bull ish This opinion Is shared in Liverpool, as they cable that there is a healthy business doing fin Manchester with pros- poets of it's continuance for some time The feeling is very bullish, talking 9 pence. The under current is steady and the tendency is upwards barring inter national complications.