The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-05-04
o.Pa'nclstmort 94sz


&Bid
The weekly statement of the associated banks
Issued by the clearing house to-day, shows the
following changes:
Reserve decreased. ...............S 204 500
Loans increased OBSERVATION-DISCLOSURES. 159, 400
specie decreased. ............. 624 800
Legal tenders increased. .-.......-. $4,000
Deposits increased. NEUTRALITY-SUSPICIOUS. 7S2, 800
Circulation decreased. >. .............. 1O1O0
Banks now hold S3.128,725 in excess OF the IS
per cent. rule
COTTON.
LIVERPOOL. May 3, noon.-Cotton steady and
IN falr demand; American middling 7-l6d;
sales 1000 bales, Of which 1000 were for spec
ulaticn aud export; receipts 1900 bales
American 1000 bales.
Futures nericen m inng. low niddling
clause, May and June delivery 25G4d, also
25-6ld; June and July delivery 6 26-64d; July
and August delivery 27-64d, also 26-64d
August and September delivery 25-64d, also
Der and October delivery 2i-6ld. Market quiet
p. m.-Sales Of the day included 4, 400 bales
of American.
American middling 7-16d.
Futlres-Ane1can middlfng low middling
clause, May delivery 25-64d, sellers; May and
June delivery q 256sd. sellers; June and July
delivery 2b-6i06 26-e4d; July and August de-
livery aj-64d. buyers; August delivery 26-6a0
| . 27-64d; August aud September delivery
| 6 2i-6id; September delivery 24-64l; September
| and October delivery 23-64d; October and
November delivery 5s-64d. Market closed quiet
but steady
NEW YORK, May 8, noon.-Corton opened
steady; middling uplands lee: mddling Orleans
IL 3-l6c; sales to-day 070 bales.
Futures-Market opened and closed steady;
with sales as follows: Mey delivery opened
at II SIC and closed at II 93c; June opened
at II Ole and closed at IL 93c; July opened
at II 9c and closed at II 04c; August opened
at II 8Sc and closed at II Ole: September de-
livery opened at II 35c and closed at1l 96c;
| July opened at 10 85c and closed at 10 S6c
300 p. INJECTION closed steady; middIing
uplands 12c, mlddliug Orleans ~ Bloc; net
receipts at this port to-day - bales, gross
| $3.50 bales; sales to-day 60 bales last evening
| 10 bales.
| Futures-The market closed steady, with
sales of 49,. 800 bales. as follows: May delivery
II 936l11 94c; June delivery II 93GAii Ode .I,Iy
| oil &c, September delivery II 38111 37c, Oc-
| tober delivery 10 Gl10 SIC, November delivery
| ~ 5000 sec, December delivery 10 64@Dl0 t6c
January delivery 10 60&lO &c. February deliv-
| cry 10 7OGI0 re.
The Suns cotton review says: Futures
opened little irregular, the chief feature being
| free offerings for August at II s0Oll SIC under
weak report from Liverpool, but as these were
| quickly taken up, there was quick advance
| and the close was steady at about the best
| figures of the day. There was strong local
| bull feeling, which is looking to 13c for mid
ding uplands, and there is no resisting the
| idea, so long as cotton is as scarce as it u.s.
| Crop accounts were generally favorable Cotton
on SCOT was firmer, but not quotaby dearer."
GALvEgToN, May 3.-Cotton nominal; mid
ding ll12c; net rece pts 1852 bales, gross 1873;
sales - bales: stock 4, 1856 bales.
NORFOLK, May 3.-Cotton steady; miidling
114c; net re ;eip:s 255 bales, gross 265; sales -
,iALnMoRE, May g. = Cotton firm; mid
ding llJsc; net receipts none, gross none;
sales - bales; stock 1881 bales.
Bos ron, May 3.-Cotton firm; middling I2lSc:
stock none exports, to Great Britain % bales
WILMINGTON, May s.-Cotton firm; middling
| 1l]4c; nes rec9lnIs . bales, gross o; sales -
bales; stock 1866 bales; exports, coastwise 313
bales
PHILADELPHIA, May 3-Cotton firm; mid
ding IL 36c; net receipts 1903 bales gross
1903; stock s,575 bales; exports, to Great Britain
| 1903.
New ORLEANS, May 3.-Cotton market
quiet; middllng 1850; net receipts 30 bales,
gross 10; sales $50 bales; stock 60,S73 bales;
exports, TO the continent 1851 bales.
Futures-The market closed steady, with
sales OF $500 bales as follows: May delivery
II nc, June delivery II 7sc, July delivery IL SIC
August delivery II nc, September delivery
| 10 Soc, October delivery 10 S3c, November de-
livery 10 1sc. December delivery 10 l8c, January
delivery 10 22c, February delivery 10 &c, March
| delivery 10 S4c.
| MOBILE, May 3.-Cotton nominal; miidlpg
II 7-16c; net receipts II bales. & oss II; sales
- balls; stock GIN bales; exports, coastwise
| 600 bales.
middling 1850; receipts so bales; shipments
| 70 bales; sales 233 bales; stock 1926 bales.
AUGUSTA, May Cotton firm; mddling
| 1t166l1156c; receipts SO bales; shipments =
| bales; sales 642: stock ,523 bales
| CHARLEsroy, May 3.--Sotton market firm;
| mid ling 11$sc; net receipS 81 bales. gross 81;
sales rs bales; stock 307 bales; exports, coast
| wise 49l bales.
| ATLANTA, May 3.-CotJon steady; middling
| 1890; no receipts.
SER Yom, May 3.-Consor lated net re-
ceiprs at an COTTON por;s to-day were 1904
| bales; exporfs, o Great Britain 1880 bales to
| Franco - halpS TO the c0ntinant 4 s21 hal lao.
stock at all American porLs 1866 bales.
The total visible supply of cotton for the
world is 2,345, 800 bales of which 167,300 bales
| are American, against 2, 196,913 and 1850, 913
bales, respectively, last year. Receipts at all
interior towns for the week 1894 bales. Re
| ceipts from plantations 5,371 bales Crop in
| sight 7,031, 1914 bales.
| GRAIN AND PROVISIONS.
LIVERPOOL, May 8, noon.-wheat firm;
demand far; holders offer sparingly. Corn
| firm; demand fair.
NEW YORK, May g. noon.-FIour quiet but
| firm. Wheat active and strong. Corn active
and strong. PORK quiet but steady at S12 $50
| IA rs. Lard quiet but steady at 81 20. Freights
| steady.
500 D. m.-Southern flour closed frmer;
| good to choice extra So 05O5 Is. Wheat higher
but unsettled; No. red, 81 02Ql1 02I5 in eleva-
| tor; options fairly active early, excited and 19s
@1Ac higher, reacted 9s011c and closed I'M
| reports and frightened shorts-No. 2 red. May
delivery 81 021zc, June delivery Sic. July de-
| livery 9S1Ac. Corn 16OAc higher and scarce;
| No Z, as q 4314c in elevator; options fairly ac-
| tive, 58G034c higher and steady-May delivery
| 4l8c, June delivery 419Sc Oats firm and less
| active; options active aud firmer-May delivery
325Sc, June delivery 31l6c, July delivery 3134c
| Coffee-options closed barely steady and down,
quiet; May delivery 16 600l6 Csc; June delivery
| 10 55016 60c; July delivery 10 45116 soc; spot
Rio closed quiet and easy - fair cargoes at 2Oc
| Sugar, raw steady and quiet; fair refining SC;
centrifugals, 90 test, 5s.l6c; refined dull but
easy-powdered CSC Molasses-Foreign closed
| quiet, 500 test zoe; New Orleans, common to
fancy firm. Petroleum steady; crude, in bbis,
at Parker's, 81 so; refined here, Baltimore and
| Philadelphia, 81 20. Cotton seed oil strong;
crude 33c Pork strong. Beef strong Beef
| hams firm. Tierced beef strong Cut meats
quiet but steady; picked shoulders 5S4c picked
hams 9A@10c. Middles strong. Lard closed
easier and quiet; western steam s. 671S; city
steam S. 10; options-May delivery IS 63, July
delivery IS 81. Freights to Liverpool dull: cot
| ton. per steam, SGD; grain 115d
| CHICAGO, May 3-There was an immense
trade to-day in wheat, aud the market was an
unusually wild one, prices varying so rapidly
| that jumps of 160lc were made in May and
June, and A0I6c in July without trade. The
/, excitement was at fever heat, and so anxious
were buyers at times that offers of 4C0lSc
above previous sales were made and were
readily accepted. Buyers fairly jumped for
wheat. At times the market was bare of Offer
| ings for May and June, and sharp advances in
| prices in these deliveries carried up the more
deferred futures, but the advance was not so
great as in nearer futures May opened 1l6c
higher and sold up &c more, then eased Off and
closed &c higher than yesterday. Up to noon