The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-09-29
Cotton.

Liverpool, Sept. %. noon.-Cotton, moder-
ATE demand. freely met; prices easy; Ameri-
can mlddllng 9 l6d; sales 10000 bales, Amer
lean 100 bales; speculation and export
LOO bales; receipts go bales American, / 700
bales. Futures barely steady; demand mod
crate. American middling fair. low middling
clause: September and October. 4 24-64d; Oc-
tober and November, 2E6id; November and
December. 24-64d; December and January,
4 Sid; January and February. 4 23-64d; Feb
ruary and March, 3064d; March and April,
33 64Ggt 32-64d; April and May 35-64d
4 p. m Cotton, American mtddltng fair,
lo-l6d; good middllng, 43sd; middling, 41ad;
nominal low middlng, 42sd; good ordinary
A; ordinary ll6d. Futures-American
mlddling fair low middling clause: Septem
Der, S6-64114 2764d: September and October,
26'6ld, sellers; October and November, 4 25-
bk44 20 Gid Novem Der and Decent Der, 26-64d
sellers; Decem oer and January. 4 276f1T4 %
SAD; January and February, % 64d94 30-sId;
February and March 3l6iQ4 % Cid March
and April, "a sd, sellers; April and May
4 366fG, buyers. Futures closed steady.
New York, Sept %, noon-Cotton contracts
opened steady at 203 points decline, rallied
S94 points, and are now l02 points over yes
terday.
New York, Sept. 2s.-Cotton futures opened
steady, as follows October, Z 80; November
SIC; December, O4c; January, l5c; Feb
New York Sept %, 4p, m.-Cotton closed
quiet; mtddling uplands 1-l6c middltng Or
leans o-i6c sales 2J5 bales. New cotton
was offered at l6c under quotations.
Futures closed easy, with sales of
195,5O0 bales as follows: September, nominal;
October, 75c; November, S3c; Decembe
95c; January 8 O6c February, 15c; March
8 24c; April 33c: May, 42c.
New York, Sept. 28-The total net re-
ceipts Of cotton at all the ports to-day were:
22,l36 bales exports. to Great Britain 1870
bales, to France $500 bales to the continent
$40; stock f0l,705; total so far this week re
ceipts 1873. 563 bales; exports to Great Britain
20 S72 BALES, to France $685. bales, to the con
tinent 10 S39 bales
Mavv OrLy no Gnrfc
view says: Again there were large receipts
at the ports and interior towns and this,
with some decline In Liverpool falling prices
at the south, predictions of warmer weather
in many parts Of the cotton belt. and long
selling, caused further decline here Of II to
IL points. though at one time there was a
rally, owing TO covering, which carried prices
points above the last figures Of yesterday.
| The trading was again large. The close was
easy with sales OF l95,500 bales. Liver
pool declined Lied on the spot and to2 points
for future deliveries, closing steady, with spot
sales of 10000 bales. In Manchester cloths
moved slowly and for yarns offers
were scarce. New Orleans was s to 10
points lower. New York stock in licensed
warehouses was I22. S51 bales, against 249 s.
at this time last year. Receipts at the ports
were % 726 bales. gainst 14,7S2 this day last
week, and q ,234 last year Total thus far this
week, l33, SOB bales, against 75, 602 during the
same time last week. Exports from the ports,
1896 bales. SnOt prices here were 1-16c
lower sales Of 1,205 bales for spinning.
ern markets. At New cans the market
was easy, with sale of 800 tales for the
day"
New York Sept, 2s.-Riordan & Co.. say of
cotton: The sheer weight OF receipts aga n
depressed the market to-day. Liverpool
though lower, was not especl ally disCourag
ing in view Of our decline OF yesterday and in
the forenoon there seemed to be a tendency
towards recovery. J nary, which opened at
8 14c, advanced to S.22o and though rart of the
improvement was lost, the maj ket for time
| showed a good deal of steadiness. About an
hour before the close the receipts at the in
terror towns began to loom up in large vol
ume and stampede of the holders of long
cotton at once began. Prices fell below the
opening figures and the offerings became so
heavy that January sold down to S.05c and,
even then nothing but the covering Of the
shorts checked the decline. The close was
easy with 6 06c bid for January. Prices to-
day showed a loss of fully 20 points as com
pared with the highest figures touched this
month and many are asking whether the reac-
ton has not gone far enough. 1t is all a ques-
tton Of the size Of the crop. The average
trader judges the crop by the receipts AS
long as the daily r0ceirts continue in ex cess
of last season s the tendency Of prices is like
ly to lie downward, but receipts are a very
uncertain quantity and the market is liza lie
to tuln and give severe twist to shorts at any
time