The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-12-11

Reading. .......... IS Tennessee Coal. s71k
Rock IslAnd...... sS@ do do pref 100
Omana ...... SS3z
IBID. tAsked
The following is the treasury balances;
Gold, Sl26, O60.e74; silver. S4,O46,716; United
| States notes, s., 593 206; treasury notes, etc.
- !SS, 669; total, slSo. Ss9, 564.
COTTON.
LIVERPOOL. Dec. 10, 1880 D. m.-Spot cotton
| opened dull and generally in buyers favor;
bales; speculation and export 500 bales; receipts
| 20, coo bales-American % 800.
! Futures: American middling. low middling
clause. December and January delivery esd
January and February delivery sod, also
s 4-e4d; February and March delivery 6-64d,
also 9-s4d; April and May delivery l86id'
also 1904; June and July delivery le64d
| also lT-G4d. Futures very steady.
p. mixtures: American mddlng, low
| middling clause, December delivery 264d;
Decem Der and January delivery 2-64d; January
and February delivery 4-64d, buyers February
and March delivery 7-e4d, sellers; March and
April delivery 9o40o ;o-64d; April and May
14-6465 15-O4d; June and July delivery
17-64d, sellers; July and August delivery 1854
95 2O-64d. Futures quiet but steady.
New York, Dec, 10, noon.-Middling uplands
CSC middling Orleans lo-1oc; sales 7O1 bales
| OF spot cotton.
Futures-Market opened barely steady and
ccmber delivery opened at C and closed at
sac; January delivery opened at $50 and
closed o 42c; February delivery opened at
opened at Soc and closed
livery opened at 9 SOC and closed at 9 74c:
May delivery opened at 7sc and closed at
9 SIC.
New YORK, Dec. TO- noon.-The demand for
cotton futures WAS unusually light even for
Saturday. The lower tendency. which de-
veloped toward the close last evening, was fol-
al ne fr0nR With
tions, with January selling down to 8 3Tc, Feb
ruary to 47c March TO 48c, April TO SOC,
May 7Sc June sec, and August to 10 Ole.
January was pressed for sale soon after the
opening and broke to SIC, rallying TO 9 sac by
II o'clock. February declined to Ale, and re-
acted to 16c March broke to 53c, then ad-
vanced to 9 Soc Distant months attracted but
little attention. The reactionarY movement at
Liverpool discouraged buyers, and fears that
the anti-option bill would be taken up by the
Senate Monday intensified the bearish feeling
Receipts IN the southwest are larger than they
should be for the bull element Galveston and
New Orleans receipts for the day were esti-
mated at considerable in excess of last year.
The local trade was indisposed to enter into
new engagements to any great extent, con-
sequently the brief session was dull and spirit
less. New York spot market was easy ct 9 $50
on sales Of 60l bales for consumption and 400
on contract. Good ordinary $40 low middling
0 516c, and middling CSC Futures moved up
toward the close, January touching SIC aud
CSC. March SIC, on private advices that the
passage of the anti-option bill was doubtful.
New YoRE. Dec, 10, $500 y. m.-Midding
uplends $50; middling Orleans 5-16c; low
middLing upands 5.l6c; good ordinary 6ssc
net receipts - bales, gross 5000; exports. tc
the continent - bales; forwarded 2,4I2 bales
sales 9o1 bales, spnners S01 bales; stock 3l5, 61s
bales. Spot cotton closed easy.
Futures-Market closed steady, with sales oil
154,600 bales, as follows December delivery 81
o. CSC, January delivery 42c, February de-
livery 53c, March delivery 64Gs CSC, April
delivery 7409 15c, May delivery S4@9 Soc
,IuQe delivery 9SGb9 94C.
NEW YORK. Dec. l0.-The following summary
of Hubbard, Price & Co. s letter is as follows
THE visible supply Of cotton this morning was
4, ,e53 bales aid the crop in sight 3, 934, Isl
bales. Liverpool advices this morning reported
Q decline Of from 3-o404-64d for futures. Spot
sales we're 5, 900 bales Our own market opened
then advanced 10 points. The early decline
was due to the execution Of selling orders
based upon the fear that the anti option bill
will come up for consideration Of the Senate on
Monday. The recovery was the result OF a
, rumor coming via Chicago that consideration
OF the bill had been deferred for ten days. The
latter rumor is unconfirmed, and the best in
formation we can get is that the bill will bt
taken up and debated upon early next week
The crop report continues in uniformly un
favorable strain. Advces from abroad with
regard to the strike still continue conflicting
Receipts for the day are estimated at 35, O0(
bales, against IS. 900 bales last year. Receipts
OF New Orleans for the week are estimated al
80, 900 bales and at Galveston "a 900 bales. Esti
mates of the movement for the week are about
100000 bales; Last year for the same week they
were $4,000 bales"
Cotton advces from Liverpool were consider
ably better than was generally expected, anc
the interior movement showed a smaller tota
than was estimated; but nevertheless this
market opened easy at decline Of los points
: and then further weakened sos points due K
selling by local operators in consequence OF the
general understanding that q renewal OF tn,
, agitation of the anti-opton bill will be started
9 on Monday, and the report being received from
: Washington stating that 1t Ia rumored tha
{ Senator Washburn has q majority of 10 votei
> IN the Senate for his bill. Then the mArke
, rallied and advanced 8@5 points, with room
. traders moderate buyers to cover short sale
. made at the opening. Later the market further
: | advanced 90l2 points on a rumor that the
anti-option bill will not be brought UP in tn,
2 | Senate at all during the coming week Shortly
!, | before the close renewed selling by HOLDER
caused prices TO react 500 points, but the clos,
: was steady. Receipts at the ports were esti
| mated at $4,000 bales, against $1,000 bales thu
} | same day last week and $4,000 bales Cor tn,
} | corresponding day last year.
GALVESTON, Dec. 10.-Cotton closed firm
} middhDg J1bc; net receipts 7412. gross none
} sales 2,084 bales; stock - bales exports, {,
Great Britain 7b1 bales, TO the continent d. 435.
NoRFoLK, Dec. 10.-Cotton closed quiet
middling 91tci net receipts 1885 bales, gros
| none; sales $3.50 bales; stock 6,0S2 bales; ex
p rts, coastwise ], 100 bales.
BALTIMORE Dec l0.--Cotton closed nominal
1 middinO QAZQs 81