The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-09-11

COTTON.
LIVERPOOL, Sept. 10, noon.-Cotton opened
steady with fair demand; American middling
45kd; sales leOO0 bales-American $500 bales
speculation and export 1000 bales; receipts
| 4.O00 baleS-Amercan 2,000
Futures American M ddIing. low middling
clause ella, September delivery ID; September
vember delivery 57-64d also 56-64d; Novem-
Der and December delivery 62-64d, also
| ol-64d, also 460-64d December and January
| delivery sd, also 62-64d; January and Feb
| ruary delivery 2-64d, also lid; February
| and March delivery Acid. also 3-64d;
March and April delivery 764d, also 6-64d.
Yesterdays sales were increased by late bust
ness by 1000 bales of American.
400 p. n.-FuGures: Am srican mIddlin2. low
| mddling clause September delivery 50-6fG9
4 5l-6Id; September and October delivery
| 506iG14 5l-64d; October delivery 53-641
| 5l64l; October and November delivery
4 536lQ4 5464d; November and December de-
| livery SO 64d, sellers; December and January
| delivery 6064d, buyers January and Feb
| ruary delivery 69-64d. sellers; February and
March delivery 1905 2-64d; March and
| April delivery 4-64d, sellers; April ard May
delivery ID. Futures closed irregular and un-
| settled.
| quiet; niddling uplands Ii-16c; middling Or
leans 91Sc: sales l47 bales.
Futures-The market opened steady, with
sales as follows; September delivery 25c'
| 9 0Sc. February delivery PIC.
NEW YORK, Sept 10, 500 p. m.--Cotton
market closed quiet; middiing uplands SIC;
middinz Orleans lice; sales to-day asa bales
FuGures-Market closed steady, with sales of
| 1ss,30O bales, as follows: September delivery
S15QS zoe; October delivery 44QDS 4tc; No
| vember delivery 62G13 63c; December delivery
8 75QS 76c; January delivery s90,S 92c; Feb
ruary delivery 00Q9 orc; March delivery
9 1909 13c; April delivery 22@9 24c May de-
livery 8 8209 Bic. June delivery 1000 42c,
4 6ntIUnrU q
NEW YORK, Sept l0.-The Suns cotton
report says: Futures opened at sharp de-
cline, partially recovered again, declined. again
recovered slightly, closing steady at 2S031
points decline from yesterdays closing prices.
Secretary Rusk's report on the condition and
prospects OF the maturing cotton crop on Sept.
l was received ON the Cotton Exchange while
the noon call was in progress, and at once pre-
cipitated scene of excitement that has seldom
been equalled in any commercial body. The
market had opened weak under O sharp decline
in Liverpool, January selling at csc and then
recovering, so that January contracts stood at
9 10c. When the government report was an
nounced it was better than had been generally
expected. Average of estimates OF condition
| was 79lr per cent. IL came at 62.7 almost up to
| the maximum estimates. This although 6 9
| below last month, was what caused q semi
| panic. January contracts at once dropped to
| = 92c, and Supt Powers was compelled TO
| suspend the call that had been in progress. He
pounded with his gavel but he might well
have pounded at the raging tempest. Thousands
! Of bales of cotton were sold within ten minutes.
| The decline was not 50 great as the bears had
anticipated. The lower price brought in
buyers to cover contracts, and some of the more
Sanguine bulls took advantage of the decline to
take on holdings which they have lately been
unloading. They asserted that the condition
has deteriorated since the bureau report WAS
made up. 1t was also asserted that the per
centage of condition at S27 is misleading, mas
! much as Florida, which grows very little cot
ton, is made with decrease Of only 5 per cent
TO go into the general average with Texas. a
| great HOMECOMING state. which shows de-
crease of 10 per cent. The market, after
| partial recovery, again declined under the in
| tuence of stop orders and selling orders by
| telegraph, January contracts dropped to &c.
decline OF 81 points or more than half a cent
| from the highest figures # last Saturday. In
| the last quarter of an hour there was some re-
| newal of strength. Many operators were in
clined to await the effect of the bureau report
and the reception Of it upon the Liverpool
| market. The Financial Chronic makes the
late crop 055.51S bales, an increase of ,S42 1872
| bales over the Drop Of the preceding season
Spot cotton was 15c lower, and in revising quo
tations high grades were further reduced 40
3c. Mddling uplands 63Sc."
| ATLANTA, Sept. 10.-CotJon closed weak; mid
ding T. C; receipts 81 bales.
GALVESTON, Sept. 10.-Corton closed steady
N ddltng ll-1tc; net receipts d, $40 bales gross
| 6,gl0; sales 1917 bales stock 81, 1913 bales
| spinners Ii bales; exports to Great Britain O. 923
bales. coaStwise 1862.
| NORFOLK, Sept. l0.-Cotton closed steady:
middling 3-lec; net receipts 434 bales. gross
| ADJ; sales $50 bales; stock o662 bales; exports
| - Great Britain - bales, coastwISe 722
BALTIMORE, Sept. l0.-Cotton closed steady:
middhng SIC; net receipts bales. gross
-; sales none; stock $500 bales; exports
| coasLwIse 500.
RosroN, Sept. 1O-Cotton closed dull;
| middliug SIC; net receipts bales, gross So
| sales none; stock - bales.
WILMINGTON, Sept. 10.-Cotton closed steady;
middling nc; net receipts lis oales, gross liz;
sales none; stock 275S bales.
| PHILADELPHIA, Sept. 10.-Cotton closed quiet:
middling &c; net receipts - bales, gross
| -; stock 7l9 bales.
NEW ORLEANS. Sept. 11-Cetton closed
easy; middling 7-ltc; net receipts 1892 bales
| gross 8 1853; sales l, 400 bales; stock So 747
bales; exports, TO Great Britain 1888 bales,
coas wise 10.
Futures-The market closed steady.
with sales of $500 bales as follows: Sep
| November delivery &c, December delivery
s 4Sc January delivery s Sc, February deliv-
cry &C: March delivery 8 7Sc, April delivery
CSC, May delivery CSC, June delivery 9 Doc,
July delivery C.
MOBILE Sept. 1o.-Cotton closed easy;
midding SIC; net receipts 647 bales, gross
! IA; sales 400 bales; stock 1904 bales; ex-
| ports. coastwise 4s2,
MEMPHIS. Sept. 1O.-Cotton closed firm;
riddling SIC; receipts II bales; shipments
AUGUSTA, sept le.-Cotton closed firm;
active for higher grades: middIing &C; receipts
800 bales shipments 267 bales; sales 56l bales;
stock 7755 bales.
closed easier; mIdding SIC; net receipts 9Ss
bales. gross 9Ss; sales 600 bales; STOCK 5,l94
| pales; exports, coastwise 2S7 bales.
| New YoRK, Sept. 10.-Consolidated net re-
receipts at all cotton ports 17.ll2 bales;
exports, 70 Great Britain "a, 534 bales. 20 France
- bales. to the continent - bales; stock at
| all American ports 2o6,633 bales.
GRAIN AND Provisions.