The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-12-04

/ l. vile & Nash. 70as SilverCertificates. IS
Northwestern. .ll2 Am Sugar Ref .l0SA
do preferred. .l40 90 do pref. 1925
Ontario & West. =. 1885 NorthCarolina Is 9Slf
ONO Mississippi q NorthCarolina6 &c. 1924
do do pref. - So. Caro-. Browns. 81
Pacific MaiL....... 27A Memphis & Char. 30
Quicksilver........ Mobile and Ohio. -
Quicksilver pref. II Richmond & Dan. -
Reading .......... 1914 Tennessee Coal. 36N
Rock Island....... ss1s do do pref 400
Omaha ........... $50
The weekly statement Of the associated banks
Issued by the clearing house to-day, shows the
following changes:
Reserve decreased. ACKNOWLEDGEMENTS 32, 900
Loans Increased. Observation-Disclosures. ,962. 200
Specie decreased. ....... ............. 352, GOO
Legal GenderS increased. .......... SOJ,SOO
Deposits Increased NEUTRALITY-SUSPICIOUS. ASS, 900
Circulation decreased. .............. $500
Banks now hold S6 ,4e3: 80 In excess Of the
requirements Of the % per cent. rule
ATLANTA, GA, Dec. 3.-The clearances of
the associated banks for the week were
So, 4e0, $50 10.
COTTON
LIVERPOOL. Dec. 8, 1890 p. m.-Spot cotton
opened dull; prices generally In buyers favor;
American middling uplands sgd; sales 5000
bales; speculation and export 200 bales; receipts
16,3OJ bales-all American.
Futures: American midding, low middling
clause December and January delivery 55S4d,
also Good; January and February delivery
s6S Mac also ssS il
63-64d, also Sd; March and April delivery
8 l-64d, also 2-64d, also l-64d, also god,
also 3-64d; April and May delivery 964d,
also 4ce4d; May and June delivery 5-o4d,
also 6-64d, also 7-64d; June and July delivery
7-64d, also Sod, also 8 10-64d. Futures
steady.
2 p. mixtures: American middling, low
middling clause, December delivery 4 59-64@
4 60-64d; December and January delivery
69-6404 60 sd; January and February de-
livery 61-6404 50 CAD; February and March
5 2-64@5 364d; April and May delivery
bod, sellers; May and June delivery 7-649
S,64d; June and July delivery 8 9-644
10 Cad; July and August delivery is-04d.
sellers, Futures closed quiet.
NEW YoRK. Dec. Hubbard, Price & Co. q
summary letter is as follows: The cotton trade
to-day had another lesson IN the benencent
operation Of anticipation legislation. The mar
ket here, under rather more encouraging adj
vices. opened at an improvement of to points,
but shortly after the opening dispatch from
New Orleans that the Georgia legislature had
instructed its congressman and senator's 70 vote
in favor of the ant-option bill was
received and it's effect was Immediately
to depress prices about points.
GLeat weakness was developed on the decline
and many holders of cotton on margins were
forced into selling. later denial of the earlier
report in regard to the action Of the Georgia
legislature was received and the market jumped
nearly &c, March contracts selling ct $3.50.
From this there was slight reaction. In Liv-
erpool the net decline for the day is 3.64d. The
market there opened b-64d lower than yester-
day. but recovered it In part Spot sales are
5000 bales. Receipts for the day promise
to be $500, against $4,000 last week
statistical position as made up by this morn
ing's Chronicle is:
Visible supply: This week, 4, 064 ST; last week
39l9 2s7; last year, 4l6S Sl7; 1890 SO5z. l27, Of
1852, 1877 last year. ,5l7; $780, 2573 80. Crop
in light This week, 1866. 937; last week, $780,
4o5 last year, 6,Oos. 717: 1880; 4,S81, 9l9 Came
978; last year, 400 Sal; 1890. none. Plantation
deliveries this week 296 l22; last week, 274, SAB;
last year. 91S.03e; 1890. 2si,5 $50.
The most striking feature in above compila-
ton ia excess of the plantation movement over
movement for same week two years ago when
the crop was 100000 Total crop movement to
date is IS, 0s0 behind that year. This estimate
is based on kilograms from our correspondents
estimating receipts at various southern ports.
New YoRK, Dec, 8. noon.-FuJuTes opened
firm, closed firm, as follows: December de-
livery loc bid January delivery 9 zoe bid, Feb
ruary delivery sac bid; March delivery o 800
asked, April delivery 45c bid, May delivery
Q SEC bid, June delivery &c bid.
tions on the New York Cotton Exchange
showed an advance Of sos points, owing to the
unexpected strength at Liverpool, where the
market closed at a net loss of only 2-64d. The
bearish features were the small demand for
| spot cotton at Liverpool and a report that the
| Georgia legislature had passed resolutions
| favoring the passage of the anti-option bill by
| congress. These reports caused a reaction,
and the advance was wiped out and 10 points
| beside. Many selling orders for account of
southern firms were executed. Just before the
| close, March, which had sold down from 9 47c
to 2sc. advanced rapidly to 45c on very
| heavy transactions. An apparent scarcity Of
| cotton Just before the close advanced the whole
market 2616 points above yesterdays final
| figures on total sales of 250 600 bales The
| port receipts at the south for the coming week
are estimated at $50 900 to ESQ 900 bales, against
100000 bales In 1891. The spot sales in this
market to-day we're 5,O91 bales. The market
/ was quiet at $3.50.
NEW YoRK. Dec. 8, 500 .. m.-Middlinn
uplsnds $3.50; middling Orleans 1880; low
bales; net receipts - bales, gross 1890; ex-
| ports. to the continent LILO bales; forwarded
| 1888 bales; sales 5,091 bales; to spinners g.;
stock 321 1923 bales. Spot cotton closed quiet.
| Futures-Market closed firm, with sales OF
! 100000 bales, as follows: December delivery
! 0 1909 2lc, January delivery 25GD9 zoe, Feb
ruary delivery 8 a6@9 BIC, March delivery 4s
| o. 49c, April delivery $500 SOC, May delivery
| Q 68G19 Gee, June delivery 100 700. July de-
livery $500 sec, August delivery o 9309 CSC.
! Consolidated net receipts at all the ports to-
| $500 bales, to the continent 5,279 bales; stock
| I03. 175 bales.
NEW YoRK, Dec. 3-The total visible supply
| of cotton for the world is 4,O64,37 bales. Of
which 3,653,677 bales are American, aSalnst
| 4,16S Sl7 and 31S0,5l7 bales, respectively last
| year. Receipts at all interior towns for the
week 2O6,639 bales. Receipts from plantations
| 1896 1872 bales Crop In sight $3.50, 9S7 bales
Decrease as compared with last year LABS, $50
| bales.
NEW YORK, Dec. 3.-Bears were disappointed
in the report from Liverpool this morning
as they expected that market to make a salts
factory response to our break yesterday, and
consequently we opened at an advance of sos
! points and then further improved 1D2 points
| on buying by shorts to cover contracts, but
| later the market turned weaker under a report
| from the Georgia legislature recommending
| the passage of the antoption bill. The receipts
| at the ports show an increased crop movement
! About half an hour before the close the market
suddenly turned stronger and prices jumped
| 12015 points, owing to the active buying by
! local operators to cover their short sales made
| early tits morning, stimulated by contradic-
| ton of the report that the Georgia legislature
favored the anticipation bill and closed firm
| GALVESTON, Dec. 3.-Cotton closed quiet;
mddnng $3.50; net receipts 10, 2S5, gross none;
sales $50 bales; stock 1852 bales; exports,
| coastwse 4,499 bales.
| NORFOLK, Dec. 3.-Cotton, middling 91sc; net
| receipts iii bales, gross none; sales none;
stock - bales; exp rts coastwiSe .09o bales
BALTIMORE, Dec. 3,-Cotton middling gJkc: