The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-11-12

bales. as follows: November. g O5c: Decem-
her. : lie; January, lie; February, 8 &c;
soc
Total consolidated net receipts at all the
ports to-day were Sy.A07 bales exports TO
Great Britain $3.50 bales. TO the continent
1906 bales; 10 France 6433G bales; stock 93S-
800 bales
New Orleans. Nov. 1i.-Cotton futures closed
steady. with sales OF 40 800 bales, as
follows; November soc. December 6Sc.
January SIC. February x S.. March Csc
April 05c. May : l3c. June 4 Pic
New York. Nov. 1.-THE total visible
supply OF cotton for the world is 343S. lOl
uales Of which 3O6j9Jl bales are American
against 3,jl ,2S and 3,s6O S2S uales, respect
lively, last wear. Receipts this week at all
interior towns 216SsS bales. Receipts from
plantations 3lGT9 bales. Crop in sight , 700, 154
bales.
New York Nov 1.-THE suns cotton re-
view says. Prices We're lower. he news
from Liverpool was directly disappointing
in view OF the advance hero yesterday and
the very bulllSh Interpretation placed on the
bureau report of yesterday. Instead OF
responding with sharp advance Liverpool
rose onli points. and closed barely steady,
after losing part OF the rise. The sales on the
spot there. were $500 bales. Besides the dis
oouragins foreign adyiJes. there was another
depressing feature in the liberal re
celpts at the ports, and an expectation
that they will be liberal during the
coming week. spot prices here were Lice
lower, with sales OF lOl bales for spinning.
To 10 points. The receipts al the ports were
So o. bales. against 5l.455 bales this day last
Week and 1866 bales last year. The south
ern markets were quiet and in some cases
lower. New Orleans and Mo oile declined
II q, and Galveston iac. Memphis was cas-
Ter. New Orleans sold ESQ oales. Memphis
received 5.2O5 tales. against 1855 bales this
day has; wear.
New York Nov. U-Riordan & Co. say Of
cotton: 90 he tame res pOnse of Liverpool
this morning TO yesterdays bullish bureau re
int To 1l1-f a.,
that OF last season, was a terrible blow to the
bulls. It's understood that most OF the Liy-
erpool traders are disposed to pin their faith
TO Actl crop estimate OF S.OODuOO bales jan
uary opened points lower, NJ & 90, rallied to
pc. ana Tor u while was pretty well sup
portct. but in the last half hour an ava
lan ne of long lotion was thrown
January declining to s.l3t. lhcrc was
recovery OF ! point in the final ira ling.
The close was eadv, with size bid for Jan
uarY. The ultimate course OF prices will. of
course, lie governed by developments as 10
the yield. But the receipts. as yet ere ver5
il from giving any indications ten ling Go
confirm the bureaus doletul predictions, and
Us long us the ~ 1vem int OF new cotton con.
Times on so large scale, the chances are
that we shall get no announcement from
Liverpool, and the general tendency here
will be toward lower prices The market is
overoa lei.Thc faith SO generally prevalent In
the south that cotton will I've much higher
this winter. has led to S'rimiuate huying
The hol lerS, in large majority of cases have
ac lulreu larger lines Than they are anle to
protect. Every drop of points eIha SITS
multitude OF margins, and compulsory sales
combine to lrin{ about further decline,
which, in turn c exhaust moro margins. Thus
the forced Hqpt lntiou goes on We believe
that sooner or later there will I e q hi her
market. but January may 90 to zoe tcfCr it
reaches S'5c. At the moment the outlook for
the near future seems anything but hopeful
The estimates of receipts for tho coming
week range from 2SO.OOO to 29jt0D tales
against 259 49, for the same week last season
New York, Nov. ll.-AtwOOd. Violet a Co
say Of cotton: The figures we presented yes
terduY. referring To the figures we gave for
the past years, were Official and in proof of
their accuracy. the following are tho govern
ment ngurcS giving the estimate OF lint per
acre for 1865 1913 pounds: for 1897 *. l3i
pounds; for lsS--S@, l5l pounds: for lSSQ-gO
$50 pounds; for 1901 is pounds; for 1891 %
lT9 pounds, rCf0re, these are the 81
years pre- edug last year. NOW, if the three
years rcvedn4; lS O-pl We're estimated al l5l
to 100 pounds per ~ r.. why is there ANYTHING
extraordinary IN the estimate Of yesterd ~ Of
l45 pounds. We think this question Will ap-
peal to egecyhOt Y. Admitting all this. how
ever. II next becomes necessary. after pro
senttng those figures to the consumer
as they were T. American Spinners vesiCr-
day. and 10 foreign spinners this morn
ing, to have him enter the market for his
spinning requirements either present or pros
pective. u larger extent than he has re-
ccntlt been buy ~. Liverpool, however, this
morning gave a lck eye to the improvement
OF yesterday on this side, by advancing only
3 points and losing Of them, naturally tring-
ln< al odt e"lling here 9th for long and short
"a cunts. Tie decline was llnl4 points. A
re overy from this from to points followed.
nut our final prices are IS lower than yes
terday. The governments correspondents
IN the south show average returns
of li9 pounds per acre. which even
upon the Chronicles acreage makes
a crop OF only 90, and vet it would appear
that the correspondents are in the aggregate
IaO1G0J bales out OF the way. The foreign
spinner lends n willing ear per
hups naturally. to al the belrisn
information that goes rom this side
and vita which Liverpool was overloaded
this morning. We have given the facts as
we said before but, as our Liverpool friends
Ca"le this morning, If the English spinners
dis elere anything but large crop ideas and
more convincing argument than bureau fig
u'cs. ana it would seem that they are tempo
rarily, anyhow, in position to dictate
prices. not only for spot cotton
nut incidentally for contracts as well.
The world $ visible supply OF American cot
ton tO-Cay is 3.CGl 600 against 3 49, 0OJ last
year the gain since last Saturday is 90
against a gain of l37 900 for the correspond.
ing week last year. The stock Of American
at Liverpool terday. and adoat tor that
market was 9!y, 900 against 205. 900 last year
Liverpool will perhaps open three to lower
on Monday otherwise the opening here
should he some letter than tonight S closing
The estimate from New Orleans on Monday is
X 90 against l3.OOO last year. and 0W0 for
the week against 6700O last year. and for all
ports 5out $1,000 against 30 90 last year.
COTTON TABLE
Col