The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-05-11
New York, May O.-Sub-treasury balances:
Coin, $50, 92S, 900; currency, Sl2,0l4,000.
Cotton


Liverpool, MAY 10. noon.-COtton in mod
crate demand with prices easier: American
middling uplands 5-i6d sales 10000 bales
American SIS bales speculation and ex-
port 500 bales; receipts IL 900 bales-Ameri-
can none. Futures weak and demand moder-
ate.
Futures-American middling, low middling
clause, May and June delivery 4 1664d,
also l4-64d June and July delivery lS-64d,
also l7-64d July and August delivery 19-64d,
also lS-6id, also rod; August and Sep
TENDER delivery 4 21-6id, also 4 206id,
also l9-6ld September and October delivery
22-6id,. also 2l64d, also 20-64d; October and
November delivery 4 2l6id; November and
December delivery 1 2364d, also 22-64d, also
25-6ld.
The tenders of deliveries at to-day's clear
/ ings amounted to 400 bales new dockets and
200 bales old.
4 p. MIXTURES: American middling low
middling clause, May delivery 146ld, also
l564d; May and June delivery 4 i4-6id, also
4 l5-6id; June and July delivery l6-64d, sell
ers; July ana August delivery l7-54d buy
/ ers: August and September delivery iS64d
also 4 lg-Gfd; September and October delivery
20-64d, sellers; October and November deliv-
cry 42l 64d, sellers; November and December
/ delivery 22-64d, buyers; December and Jan
uary delivery 23-64d, also 24-64d. Futures
/ closed quiet but steady.
Manchester, May l0.-Ihe Guardians com
/ mercial article says; The steadiness
OF cotton at Liverpool has induced a
| more hopeful tone in the market
| mostly at too low prices. especially offers
! from India. Mail accounts from that country
/ are poor. They refer to the absence of any
! demand from the interior Notwithstanding
/ the low offers. moderate business in shirt
/ ingS for Calcutta and Bombay has been eX-
! ecuted. There IS some inquiry for shirtings
/ from China near sellers prices All agree
! that advances cannot be obtained. The best
| staples are in a weak position, owing to the
! extensive supply. The unimproved China
demand is causing reduction in the produc-
ton of some of the leading makes. Heavy
| goods and lacconets are quiet. Burnley print
/ ing cloths are steady. The hardening ten
| d6ney OF cotton causes producers to maintain
/ quotations, which are often obtained. Yarns
are steady and sptnners show less desire to
| seek orders.
New York, May 1O.-Cotton contracts opened
steady at 394 points decline, fell 102, now
| 3ll5 below yesterday.
New York, May 10, noon.-Cotton futures
opened steady as follows: May delivery
| 45c, June delivery 55c, July delivery sc,
1850, October delivery 93c.
New York May 10, p. m.-Middling up
! lands 1916, middling Orleans 1-16c, good
ordinary ll-l6c, low middling 79sc. Sales 1856
| bales. spot cotton dull.
Futures closed steady, with sales of 800
| bales, as follows: May delivery SOC. June de-
! livery G4c, July delivery 75c, August deiv-
| cry Sac, September delivery Ole, October
| delivery Z CSC, November delivery O5c,
nc
lOld1 COnSOuQdUeO net receipts at all the
! ports to-day were 2,460 bales; exports, to
| Great Britain 1896 bales. TO the continent
1,09O bales, stock 581 OS6 bales.
! New York, May 10.-The Suns cotton re-
| view says: The decline in Liverpool and the
desire on the part of some of the operators to
even up their transactions before the govern
ment report was received, caused depression
! for a time, but this was succeeded by a rallv
! owing to the fact that the report was more
! bullish than had been expected. 1t surprised
the cotton trade by the statement that the
contemplated increase in the area devoted to
| cotton is only l.S per cent. The general
! opinion is that the real increase is much
| larger. Prices fell points, but regained
this and rose to points, closing
Liverpool declined points. with
| spot sales of 10000 bales, closing
| quiet and steady. In Manchester yarns were
! weak but cloths were steady. New Orleans
declined II to u points, but recovered this
! and advanced points. Spot cotton here
! was dull and unchanged, with sales Of 1875
bales for spinning. The southern spot
/ markets were generally quiet and unchanged.
| There was an advance Of 1-16c at two of
| the southern markets. New Orleans sold
5000 bales, The receipts at the ports were
! 24tO, against 2,6fO this day last week, and
| 695S last year. The total thus far this week
/ is 10, 555 bales, against 20,S18 bales thus far
/ last week. The receipts at three interior
| towns were l48 bales, against 1876 bales this
! day last week, and 438 bales last year. The
exports from the ports were 1851 bales to
Great Britain"
| %,
! cotton: Liverpool was lower to-day and our
! market declined in sympathy, August open
| ing a 10. Traders, however were timd on
account of the expected report of the agri-
| cultural department bureau, and during the
| forenoon August tiuctuated rapidly from IA
| to IN. When the report was announced at
| noon 1t was received in two installments; the
! first part estimated the proportion of the
whole crop that had been planted up to May
! at per cent. more than at the same time
last year. This had depressing effect and
! August declined to 7.73. The second portion of
! the report, which was received a few minutes
| later, related to the increase of acreage on the
! subject. The report announced that it's indi
| cations were uncertain and unsatisfactory.
! 1t then proceeded to give the average of the
| replies OF correspondents for what they were
! worth, announcing increased acreage as com
! pared with last season as $40 per cent
! Nobody had expected the increase to be less
majority was nearer 10 per cent so that the
| bureau figures of less than per cent. were re-
ceived with amazement mingled with de-
rlslon rev traders here placed
any confidence in the estimate and
| for a few minutes the market remained only
steady, but the reflection that Liverpool
might attach more importance to this official
announcement than we do presently caused
! fresh buying. and the market rapidly ad-
vanced IA points from the lowest, August
climbing to 1856 A reaction then took place,
| August reacting down to 1882, but in the last
fifteen minutes the market rallied on short
covers, and closed steady with 7.9i BID for
august. Inc crop reports To-Day are all
favorable, and if Liverpool should advance
sharply tomorrow we think 1t will furnish
good opportunity to sell"
Atlanta May 10.-Cotton closed quiet;
middling 74c: receipts 4 bales.
Galveston May 10.-Cotton closed quiet;
middlng 71ao net receipts 427 bales, gross
none; sales 100; stock 5,951 bales exports to
Great Britain 40 bales coastwise none, to the
continent 265 bales.
Norfolk, May 10.-Cotton closed firm: mid
ding ll-l6c; net receipts 282 bales, gross
none; sales none; stock 80 738 bales; exports,
to Great Britain none, cOastwise 457 bales.
Baltimore May l0.-Cotton closed nominal;
mddling l5-l6C; net receipts none, gross
306 bales; sales none; stock s241 bales.
Boston. May 10.-CottOn closed quiet; mid
ding Z 1880; net receipts 625 bales, gross
1,116 bales
Wilmington May 10.-Cotton closed firm;
middling nc; net receipts - bales, gross
none; sales none; stock 1905 bales
Philadelphia, May l0.-Cotton closed quiet;
middling sac: net receipts 347 bales gross
none; sales none; stock 1898 bales.
New Orleans, May l0-Cotton closed firm:
middling re; net receipts 12o bales, gross
ports. TO Great Britain none, coastwise none,
to the continent 8 238 bales
New Orleans. May 10-Cotton futures
closed steady, with sales of $1,000 bales, as
follows: May delivery SIC. June delivery
Z SEC. July delivery 7 Gle, August de
livery CSC. September delivery nc, Octo-
Der delivery nc, November delivery SIC,
December delivery SSc.
Mobile, May 10.-Cotton closed quiet:
mlddling re; net receipts SO bales, gross
none: sales 100; stock 1879 bales; exports.