The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-12-08

MANCHESTER, Dec. THE Gttdrdidn, in its
commercial article says: The recovery In the
price of cotton has encouraged sellers to refuse
1 TO accept offers OF buyers, and business is lim-
tied The recent weakness in the price of cot
ton frightened eastern dealers. Large ship
ments OF relatively cheap goods which are being
| forwarded to various markets, preclude the
hope of advances because OF the scarcity of
| supplies
LIVERPOOL. Dec z, 1890 D. m.-spot cotton
opened steady and in fair demand; American
midoling uplands Sd; sales 5000 bales; specu-
lation and export 900 bales; receipts 1900
bales-American 10000.
| Futures: American middllng low middllnE
clause. December and January delivery -;
January and February delivery 60-64d, also
4o9-64d, also 60-94d, also 6l-64d, also 62e4d,
also 61-64d; February and March delivery
03-64d, also 6l-o4d, also 62-64d also $500
| also Sd; March and April delivery sd, also
8 l-64d. also 2-64d. also S-64d; April and May
5-51d; May and June delivery 7-64d also
| 5 6-64d, also 5-64d, also 7-54d, also 5 S-6Id;
June and July delivery s-64d, also s-64d.
| Futures quiet but steady.
| p. MIXTURES: American middling low
mddling clause, December delivery 60-o4Go
! 46l-64d; December and January delivery
46O-6494 6l-64d; January and February deliv-
cry 626l94 63-64d; February and March de-
| livery i-64d, sellers; March and April delivery
3649b 464d; April and May delivery 6.64d;
| May and June delivery 664Q5 sd; June
and July delivery 1l-64d, sellers; July and
August delivery 13-64d, buyers. Futures firm.
4p: MIXTURES: American middling, low
middling clause, December delivery 6i-64d:
December and January delivery 61-64d;
and March delivery 5 1-64dd; March and April
| delivery 6-64d; May and June delivery 9-6Ad,
sellers; June and July delivery l1-64d; July
and August delivery l3-64d Futures closed
| firm.
NEW YORK, Dec. Cotton opened at an ad-
| vancs Of 500 points in response TO a rise of
4-64d In the Liverpool market due, it is said, to
| free buying orders there for American account
operators being IignOgRd n trada in bat mi
ket until the anti-opttons bill was out OF the
way. Here there are a number of large buying
| orders in the market, but brokers have been in
structed TO wait until this bill has been disposed
| or before executing them Shortly after the
| opening the market turned a trifie weaker,
| dropped iG2 points under selling by room
| traders, stimulated by reaction in Liverpool
of 1-54d, but subsequently the market again
turned stronger and advanced M0264d,
closed very steady and prices sd
t t0s5d sHls Point Points The prospects point
movement, aud this is another factor that
| helps materially to strengthen Liverpool while
on this market operators hesitate, wishing for
| speedy settlement OF Washburn's bill. Crop
| reports continue poor and receipts are running
small, to-day's estimate being st IS, 900 bales
against %, 100 same day last week, 80, 513 cor
| responding date last year At 1910 d m the
market was materially active and firm at top
prices of the day. Shortly after noon number
| buying orders advanced futures 5016 points
Some irregularities followed, but this was sue
| ing, eliminating during the last hour with a
| squirt of considerable magnitude March ad-
vanced with considerable rapidity from s.6cc TO
| 9.64c; May co 9.S9c; January to 8 44c, February
| 10 9 SIC. Speculation thus stimulated by
heavy covering of shorts and outside
buying for long account the latter being
encouraged by nsws from Washington
| indicating some delay in consideration
| of the anti-options bill In the Senate, together
| with a change Of sentiment on the part Of local
| traders, who were inclined to believe its defeat
NJ In hav act L..
| been such feeling OF confidence in higher
| prices. Transactions were extreme, especially
| for deliveries extending from January to May,
with trading well distributed between different
| firms. and buying largely for southern and
western account.
Hubbard, Price & Co. say: 1.-THE failure of the
Senate to take up the options bill yesterday
caused BUYERS IN Liverpool to advance their
bids this morning, and the msrket there closes
firm at an advance of 564d on the day. Silver
was quoted at $50 in London, but this appar-
emily had no effect upon the cotton market In
our market opening prices showed an advance
as compared with last evening OF about per
cent, and an additional improvement of is
points had been established before 1 O'Clock
During the afternoon news from Washington
that the Senate had adjourned without acting
| upon the anti-optioDs bill caused q sharp adj.
vance The close was strong at the highest
prices of the day, and SO points over last
evening figures This advance is directly due
to a growing conviction that the anti-options
bill will not become law, aud large orders to
buy cotton previously withheld have been exc
cuted to-day upon this theory, Late Liverpool
cables say there is q probability that the strike
will terminate next week. Receipts at New
Orleans and Galveston were heavy but Offset
by alarmingy light receipts at Atlantic ports
At New Orleans to-morrows receipts are esti-
mated at Il, 900 against 1000 last year"
New York, Dec. {. noon.-FuJures opened
firm, as follows: December delivery &C bid
January delivery loo bid February delivery
Q &c bid, March delivery 43c bid, April deliv-
cry sac bid, May delivery &c bid.
NEW YORK, Dec. THE improvement of
points at liverpool encouraged New York
operators, and an advance of 7GD9 points was
established on the opening. At the close of the
first hour January advanced to 25c, February
9 36c, March 4sc, April 81 Soc. May roc, and
June &c. The feeling was more cheerful, but
there was some heavy feeling growing out of
the conflicting reports relative to the probable
fate of the option bill further decline of
5-64t in silver in London was announced. but
this caused loss only of 1-64d in the Liverpool
market, which quickly overcome. Man
chester reported yarns easy, but not quotably
lower; cloths dull. Tie final Liverpool market
was very steady at net advances of sod for
the day. The estimates of the receipts at the
ports we're $1,000 bales, against 80 COO bales for
the same day last week and $4,000 same day
last year. One extensive firm was presumed
to be quite short of cotton In this market. aud
are awaiting news regarding the anti-option
bill before covering. Noon quotations were as
follows: January 24c, February 3oc, March
47c April SIC, May SOC. and June Q 77c
Market steady; sales 10000 bales.
New YoRK. Dec. Z, 500 p. m.-Cotton-
net receipts none, gross So bales; exports. to
Great Britain 1884 bales, to the continent e0i;
forwarded 3,056 bales; sales 500 bales all TO
spinners; stock $40 221 bales. Spot cotton closed
firm.
Futures-Market closed firm. with sales OF
447 900 bales. as follows: December delivery
Q 42G9 dc January delivery 46Go9 47c, Feb
ruary delivery $500 SOC, March delivery 20
09 tic, April delivery SIC, May delivery
5 92Q9 csc. June delivery 10 011l0 03c July de-
livery 10 09@10 lie. August delivery 10 149
10 16c.
Consolidated net receipts at all the ports to-
day were - bales; exports TO Great Bri-
tain A. 942 bales, TO the continent "a, 438 bales
stock 1859. 464 bales.
GALVESTON, Dec. 7.-Cottou closed quiet;
niddlpg g1Ac; net receipts 6.97l. gross none;
sales 100 bales; stock 1885, 32 bales; exports
20 Great Britain 1909 bales, coastwise 4,25O
bales
NORFOLK, Dec. 7.-Cotton closed firm;
midding &C; net receipts l,03s bales, gross none;
sales none; stock %, 800 bales; exports, coast
wise 907 bales.
BALTIMORE, Dec. 7.-Cotton closed nominal;
rnidding 93zc; net receipts bales, gross
$780, sales none; stock 81, $50 bales.
BosToN, Dec. 7.-Cotton closed quiet;
middling $780, net receipts 900 bales, gross
6,473; sales none; stock - bales; exports, to
Great Britain 20 bales.
WILMINGTON, Dec. 7.-Cotton closed dull;
Tniddiug C; net receipts 1872 bales, gross
none; sales none; stock %, 659 bales.
PHILADELPHIA, Dec. 7.-Cotton closed quiet;