The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-12-01

Reading, NM. 533S Tennessee Coal -. -
Rock lsland...... 7qsz do do pref. -
| OlIsnd ,.... 4fIS
+1Ol@iO5.
! t76A@T. bid.
| COTTON.
LONDON, Nov. 3O.-The Times, In its financial
| article, publishes a statement from what it is
deemed trustworthy source intended to show
the present rise in cotton is without precedent,
except during the American civil war. and that
the movement is wholly speculative Middle
men are buying as fast as they can in the teeth
OF the bad state of trade and the strike in Ian
cashire and in the absence of any proof of
dlmlnution in prices. The article continues:
Private cable dispatches give receipts IN Texas
as much larger than is generally thought, the
total visible supply of cotton being scarcely
100000 bales under the yield of 1891.
LIVERPOOL, Nov. 30, 1880 p. m.-Spot cotton
opened steady, with but little doing; Ameri-
can middiing uplands 51sd sales g, 900 bales;
speculation and export ,000 bales; receipts 900
oRies-Amercan {, $50.
Futures: American middling, low middling
clause. December and Japuary delivery 564d;
January and February delivery 464d, also
5 Sold, also 5-64d also 7-64d also S-64d,
also 7-64d; February and March delivery
7-64d, also o64d, also 9-64d, also 10-64d;
March and April delivery 964d, also 10-64d.
also l1-64d, also 12-64d, also 13-6ld; April
| and May delivery s 1864, also I2-64d. also
5 I3-64d, also l464d, also l564d; May and
June delivery 1850, also l5-G4d, also
5 16-64d. also 5 1864, also 1850; June and
ulf uenN6Ty lt-O4u, also SU-OSQ, also lSO41.
Futures quiet but steady.
2 p. MIXTURES: American miGdling, low
middlng clause, November delivery 564d;
November and December delivery 5 6-64d; De-
cember and January delivery 3 5-64d; January
and February delivery S.64015 9-64d; February
and March delivery 11-6465 l264d; March
and April delivery l464d; April and May de-
livery i6-64d; May and June delivery l5-64A
19-64d; June and July delivery 21-64d, buyers.
Futures steady.
4,p;. mixtures: American middling, low
middling clause, December and January de-
| livery 9-64d. buyers; January and February
delivery l2-64d, sellers; February and March
delivery 5 1S6415 1900; March and April
delivery l7-64d, SELLERS April and May
| delivery 1860, buyers; May and June delivery
| 5 2l--6405 22-64d; June and July delivery
5 a4-o4d, sellers. Futures closed firm at the ad-
| vance.
MANCHESTER, Nov. 30-The Guardians COM
| There is little trade in any OF the departments
The reaction in cotton induced producers, who
| were asking extreme prices, to moderate their
| ideas. Others remain firm. The present posi-
| ton OF the market is abnormal and difficult to
| estimate. Uncertainty regarding the duration
| OF the wages dispute. admitted doubts regard
| ing the American crop, and the uncertain
| result of the international monetary confer
| ence, constitute points Of difficulty in gauging
| the future prices. Manufacturers are not dis
| posed 20 enter into engagements for the future
| There is rather bettor inquiry for medium
| shirtngs for Calcutta. There are new trans
| actions, however, and generally orders for
India are returned, Business for South
| America Is inactive Some orders are held
| awaiting remittances Advanced prices pre-.
| vent other orders from being executed. Home
| buyers are cautious on account CT the strong
| speculation in cotton and doubts regarding the
| strike"
New YoRK, Nov. 80, noon.-Futures opened
as follows: December delivery 60c, January
delivery 9 &c February delivery 75c; March
delivery SEC, April delivery 10 o9c.
New YORK, Nov. 30, noon.-The market
opened fairly actiye and steady and advanced
SOLO points, which very much surprised the
bears. The buying TO cover contracts owing
TO an unexpected advance being reported bS
| Liverpool, is due, it ia said, to a rumor there
| that the silver controversy had been settled
| and advices being received from New Orleans
| stating that while receipts may increase during
| the next fortnight the prospects are for very
| small crop, and we are inclined to reduce the
estimates. Then came a further advance of
41G points based on further improvement AT
3-64d in Liverpool, due. 1t was said, to buying
there by the continent. But the advance hers
was not maintained, longs generally being dis
posed TO sell to realize profits and prices drop-
ped SOS points. The estimated receipts at the
ports to-day are 10000 bales, against 81 172
bales this day last week, and 49, $40 bales CORE.
spending week last year. Shortly after noon the
market turned strong, and advanced SOS points
| on buying south. AT 1890 O'clock the market
was fairly active and firm. The sales thus far
to-day are 10000 bales Liverpool opened al
2-64d lower, but by 11:45 o'clock 2. m. had ad-
vanced to 4-64d At 1870 o'clock it had further
improved 2-64d, aud at D. m. another Lad
had been gained, but at the close l64d of the
advance was lost, but the tone was firm The
spot market was f1rmer in tone but unchanged
4, in prices. In Manchester yarns were quiet but
| steady; cloths firm.
NEW YoaK. Nov 80, p. M.-our mark ct
opened steady in early months to 10 points
and late points dearer than the closing
prices last evening Sales on first call were "a
| 500 bales After call, on moderate trading,
| which a relapse of to points followed, quota
tions at il:45 ruling as follows: December,
| 9.570a6S; January. 9640965; FEBRUARY.
S;87; m aI i g. 9.s8@9 50; April 9aSai6
10.25010.2T; August, 10.S2010.34. Transac-
tions to 1:45 O'Clock, 10000 bales. The large
advance in Liverpool has been a surprise, but
our market has but partially responded
to the movement owing both to free offering
| here to realize and to the fact that our market
| has been for some time more than usual higher
than Liverpool. Buying is still of compare
| lively liberal scale, but the demand is readily
| met, and the effect Is a more quiet market than
| for some time past Manchester reports the
market for yarns quiet aud firm, with cloths
: firm. During the afternoon the market has
| been moderately active and irregular, closing
barely steady. Receipts at ports. 80, 900 bales;
against $4,000 last week and $4,000 last year
| Spot steady at former quotations, Middline
| uplands 91509.16. Sales 55S bales, and 4, 500
! delivered on contract.
! NEW YoRK. Nov. 30, 300 o. m-Middlino
| 5,35S bales spinners 55s; forwarded 1858 bales
| net receipts - bales, gross z 35S; exports Ia
Great Britain 1,s46 bales; stock 327, O26 bales,
| Spot cotton closed quiet but steady.
| Futures-Market closed barely steady with
sales OF 1872, 100 bales, as follows: December de.
| livery 50Q9 SIC, January delivery sos bsc.
February delivery zoe, March delivery Bic,
| April delivery Sic, May delivery 10 0l6f0 O5c
June delivery 10 l0@l0 lie. July delivery 10 ia
I 0l0 1Sc. August delivery 10 22G1I0 24c
. NEW YORK, Nov. 30.-Following is a summary
| of Hubbard, Price & Co.'S daily cotton letter
1.-THE Liverpool market this morning opened
at decline of 2-64d, quickly recovered, and
closed firm at 5-64d advance on last light 4
| price. This was q surprise TO the trade here,
| and resulted In an improvement OF about 6
! points at our opening, which was further in
, creased during the day, March contracts be