The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-06-01

| j.,
East Tennessee. 10 Missouri Pacific - 744s
| LAKE shore. lib Western Union. =. IS
L'ville & Nash. 80 Cotton Oil cerlih. go
Memphis Char. 60 Brunswick..... s1lS
MobAeE Ohio. lS4 Mobile & Ohio As. 62H
| Nash. q Chatt'a.. l04
The weekly statement Of the associated banks
Issued by the clearing house to-day, shows the
| following changes:
1 reserve increased ....................S 44o, S25
Loans decreased. Observation-Disclosures. 2,613 500
| Legal tenders increased. ..... 1,1s6, ZOO
| Deposits decreased. ............... 272 900
Banks now hold s., 9ia, iG5 in excess OF the Is
| Per cent. rule.
| LIVERPOOL May 81. noon.-Cotton quiet;
| limited inquiry; American middling 65kd: sales
6,00O bales of which 500 were for speculation
and export; receipts 5000 bales-American
| 1900.
| Futures-American m diliug, low middIine
| clause, May delivery 41-64d; June and July
delivery 4l.e4d, also 40-64d; July and August
| August and September delivery 40-64d, also
| 41-64d; September and October delivery
| 9-64d; October and November delivery 61-6id
Market quiet but steady
The tenders of deliveries at to-day's clearines
amounted to 500 bales new docSets and 800
| bales old.
p. .m.-sales of the day included 1890
bales of American,
| American middlng esd
tutures-American middling, low middIing
clause, June delivery 6 39-6406 40-64d; June
and July delivery 39-6496 40-64d; July and
| August delivery 6 41-64@6 42-64d; August de-
livery 4S-64d, sellers; August and September
| delivery 4O64d, sellers: September delivery
4O.6ld, sellers; September and October delivery
| 0g-o4(gb lO-0ld: October and November delivery
| 61-64615 62-64d; November and December de-
livery 5S-6495 59-64d. Market closed barely
steady.
NEw YORK, May 3O.-Holday in cotton market
| to-day.
The total visible supply of cotton for the
world is 2O39,999 bales, of which 2S2 299 bales
| are American against 1,92O116 and 1900, 3l6
| bales, respectively, last year Receipts at ali
| interior towns for the week s479 bales. Re.
ceipts from plantations 4,211 bales. Crop in
| sight 1858, SOC bales.
GALVESTON, May 8l-Cotton nominal; mid
| ding 11Ssc; net receipts 81 bales, gross 81;
| sales - bales; stock S03 bales
NORFOLK, May 31.-Cotton steady; midding
| l216c; net receipts bale, gross 1; sales =
| $50 bales, coastwise 220.
BALTIMORE, May 81. - Cotton-Holiday; net
receipts none, gross none; sales - bales; stock
BosroS. May 31.-Cotton firm; middline
l21sc; net rec ipts - bales, gross -; sales
none stock none.
WILMINGTON, May S1.-Cotton firm: middling
ilz5c; net receipts 10 bales, gross 10; sales =
bales; stock 1892 bales; exports, coastwise 8
bales.
PHILADELPHIA, May S1.-Cotton steady; mid
ding i22sc; net receipts l6 bales, gross 49,;
NEW ORLsANs, May 31.-Cotton market
| quiet; middling 117sc; net receipts 991 bales,
gross ,243; sales LOO bales; stock 1907 bales;
! exports. coastwise 3,465 bales.
Futures-The market closed quiet but steady
with sales of 5000 bales, as follows: June
delivery II 94c, July delivery 12 orc August de.
livery u csc, September delivery 10 SOC. Octo.
December delivery 10 zoe, January delivery
&C, February delivery 10 25c, March delivery
| 10 3Oc April delivery 10 35c
MOBILE, May S1.-Cotton firm; middliDg
l134c; net receipts bales. gross 3; sales -
bal IS; stock ,625 bales; exports, coastwse 1856
bales
MEMPHIS, May S1.-Cotton market firm:
| middling 11s4c; receipts "a bales; shipments
| 80 bales sales 100 bales; stock 2, 179 bales
AUGUSTA, May 31.-Cotton firm; middling 11H
012c; receipts 2S bales; shipments - bales
sales none; stock l., 139 bales.
CHARLESTON, May 31.-yotton market firm;
mid ling 1890; net receipts Ia bales, gross III
| sales : bales; stock Alb bales; exports. coast
wise 1,160 bales.
ATLANTA. May 31.-Cotton firm; middling lie:
no receipts
GRAIN AND PROVISIONS.
NEW YORK, May 81. noon.-Flour quiet and
weak. Wheat quiet and firm. Corn dull but
steady. Pork dull but steady at s13 75014 IS.
Lard quiet and weak at Sc 3216. Freights
steady.
500 D. m.-Southern flour closed dull and
choice extra So 1905 IS. Wheat dull and heavy
and 1ac lower; No. red 94c In elevator; op-
tions dull, B0Ssc down and weak-No. 2 red,
May delivery $3.50, June delivery 937sc, July
delivery 9414c Corn quiet and weaker; No 3
401ac in elevator; options dull and lAc off,
steady-June delivery 4Oc, July delivery Ale,
August delivery 41Ac Oats dull and un-
changed; options dull and easier-May delivery
3i14@341sc, July delivery 3s>6c. Hops closed
quiet but firm; state 136119c, old 8@13c Coffee
options steady; June delivery Il 30017 45c;
July delivery !! 05@7 zoe; August delivery IS so
@17c; spot Rio firmer but quiet-fair cargoes
20c. Sugar, raw held firmer and quiet; fair
refining 1904 ID 16c; centrifugals. 90 test, 516
a 1ac; refined sugar firmer and fairly active
&C 13l505 lice, standard A Lice, confec-
toners 1850, cut loaf 676c, crushed 6Jkc
Molasses-Foreign held firmly at 19c for 500
test; New Orleans quiet at 31l945c for common
to fancy. Cotton seed oil dull Hides firm
and in fair demand. Wool firm and IN GOOD
demand; domestic fleece 3i036c, pulled 270
34c, Texas 130e25c Pork quiet but steady.
Beef firm. Beef hams strong Tlerced beef firm;
city extra India mess S12 50QD13 90. Cut meats
dun and easy. Lard dull; western steam at
SO 1915; options, no sales Freights to LIVERPOOL
| weak; cotton 5-64d grain I'd.
CHICAGO, May 31.-Trading in wheat was &C.
tive. The action of the market was a surprise.
and illustrated the uncertain and feverlsh con
dition of trade. The opening was firm and in
fiuenced by colder weather and rather bullish
news OF some OF the press reports regarding the
crop. But the weak feeling and prices, after
holding within narrow limits for the whole re-
acted on the down grade and declined I1Ac.
There was good buying at the decline. After
lowering within &c. of bottom prices, the mar
ket reacted, and with only slight fluctuations
an advance of 314c was established for July and
2160256c for August and September, eased off
some and closed 21sc higher for July delivery,
! 115c higher for August, and 115c higher for
September than the closing of Thursday The
sudden turn was attributed to the rumor that
the Missouri state report had been issued and
showed a reduction of five points in condition:
also that the Illinois state report made poorer
showing Many operators had no doubt sold on
| the theory that prices would go below 90c for
July, or touch that figure, and sharp advance
due in part to covering in short sales in these
parties as the last sensation, created uneasiness
and excitement. Corn was traded in to a fair
extent within range of A012c, the feeling
early being rather weak, but later showed a
somewhat better feeling. First trades were n
@e14c under final figures of Thursday, with free
selling, due mainly to weather and receipts
Closing prices were the same as Thursday for
off months and 14c better for May and June
Oats were fairly active, but unsettled and lower
The feature May, which developed pro-
nounced weakness, and prices receded 131c and
closed at about inside figures. The decline was
attributed to free offerings, Other deliveries
were quiet and shade easier. Trading in pork
was moderate. The early feeling was steadier
and prices ruled 5@7ISc higher. Later prices
receded 6Qiltc, closing steady at medium
figures The lard market was active and the