The Birmingham age-herald., 1904-02-10
Caldwell 6 Wards Cotton Letter.

By H. & B. Beer.
 New Orleans, February 9.-As Liver pool advices were encouraging our mar lxet opened AT to 45 points higher and shortly after improved 20 to 36 points ad- ditional on fresh buying in anticipation of very bullish census bureau report The report when issued was not as un- favorable as expected and about this time the circulation of sensational ad- vices from the east accelerated liquida- ton bringing out stop orders causing a break of 150 to 1S1 from the top making the net loss S2 to 91 points on the day. The census stated that up to January IS 9,S59,0 900 commercial bales were ginned but counting round as half bales the num- Der Is equivalent to 9,4s6,0 900 square bales No account of linters has been taken in the above figures and they will not be in- cluded until the final count of the crop is made by the census, which is intended to be promulgated about the 18th of March. Parties who are well posted claim that all gins are practically closed down throughout the south now and as the weather has been unusually favorable during the season the indicated out-turn of the< crop is about 00O0, GOO bales judg- ing from the data given out by the census today. The general impression prevalent was that the report would show from s. 100, 900 to 9,300.000 ginned and as it was 9.4s6,000 there was some uneasiness shown which subsequently, grew into a stampede on rumors of actual hostiIities having taken place in the east. There Is noth- ing in the census report to make anyone believe that this years yield will leave an ample surplus at the end of the season and even if the crop should be 10. 800 OOO many think present prices are. not high, even with war because the decline of 5 cents pound from the highest it is thought has discounted the heavy lloui- dation by< outsiders during the. past week the disposition of ,spinners to take hold at present prices the continuance of light receipts and the general impression that the census points to a crop of about 10. : O00,00o certainly places the market in healthy condition and dem onstrates that cotton is strong on it's own merits. When 1t is recognized that the war in the east is discounted confidence will be restored and the legitimate feature of supply and demand.
 By Miller & CO
 New York. February 9.--Liverpool open- ing was some better than expected. show ing an advance of about 40 points. In anticipation of a bullish census report all markets held firm during the forenoon but the census reporting showing the amount of cotton ginned up to January 10 mas been s,9so,V0o full bales of 300 pounds seem to be construed by many as bearish The opinion is very much divided in view of~ the fact, 1t is said, there has been great effort to complete the gath ering of the crop as early as possible if would indicate there is proportionately very little more to come, hence report looks to us bullish. The decline during the afternoon rumor has it. was due to the forces selling out a large block of long cotton held by New Orleans par- ties Spots are now cent a pound above futures and the statistical position of cotton is strong.
 Tie Live Stock Market.
 Chicago. February 9-Cattle receipts 4500; steady; good to prime steers. $5M5. 75 : poor to medium, s4M4.9D; stockers and feeders. s2,50M5.75; cows. $I. 5oQ4 30; heif- CTS. S2.2ou4 co; canners. S1 .50@2 50; bulls. g .25a410; calves. g. 5OdI7 50.
 Hog receipts. 23,oOo; Market 5Q1Oc high CT; good to choice heavy $5 -1075 30; light, s4 4.SOG5. .15; bulk of sales, s4. 95d5.15
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