The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-12-28
GOVERNMENT BONDS.

*Asked. +Bid
Liverpool, Dec. q, noon.-Cotton, fair
with good business at easier prices: Amer
lean mlddllng, 45-l6d; sales 10000 bales; Amer
lean o,OOO bales. speculation and export, 900
bales; receipts, 800 bales; American, "a, 600
ate.
Futures-American middling steady. low
middling clause: December, 4 10-64dd4 gold;
December and January, 4 8-64d; January and
February, SID; February and March
lO64d; March and April l1-64d34 12-64d;
April and MAY l3-64d; May and June,
Add, also l5-64d, also l5-4d; June and
July, l7-64d; July and August, l9-64d. Ten
ders, = bales new dockets 700 bales old
4 p. motion. American middling fair.
l5l6d; good middling, 4%d; middling, 4Hd
low middllng, 45d; good ordinary, 4d
ordinary 3 1850
Futures-American mtddling fair. low mid
ding clause; December, 4 6-6id, sellers; De-
cember and January, 4 664d, sellers; Jan
uary and February, 46-64d014 7-6id; February
and March S-64d buyers; March and April
1 l0-64d sellers; April and May 4 I-64Sl4 l2-64d
May and June, 1364Gl4 l4-64d sellers: June
and July, l5-64Q14 l6-64d; July and August,
i204d buyers. Futures closed firm.
New York, Dec. 81. noon-Cotton contracts
opened steady, at 5d6 points decline fell
5Q2; rallied again, but now 465 below yester-
day,
steady as follows: December ACC; Jan
uary, 40c; February, 53c March 64c;
April, Z 73c; May Z SOC
New York, Dec. p, 4 p. m.-Spot cotton
closed quiet and dull; middlinR gulf lie:
middling uplands 1890; middling orleans
&C; sales -- bales.
. Futures closed steady, with sales of 227. 100
| bales. as follows: December 44c; January,
Z 45c; February, 54c; March. CSC; April
vic; May, soc; June. SIC; July, 93c; Au-
gust. 99c.
New York, Dec 21.-The total consolidated
net receipts at all the ports to-day we're 49, 54S
IN hal 10
the continent II 800 bales; to France II 1874
bales; stock ,255, 103 bales.
Total so far this week: Net receipts 19O ssl
bales; exports to Great Britain AZ 079 bales,
to France 1854 bales, to the continent H. 54
bales.
The Sun s cotton article says: with Liver
pool decidedly lower and the receipts at the
ports and interior towns decidedly large and
many OF the bulls decidedly discouraged prices
easily gave way and at one time we're z to
points lower. Part of this was recovered,
owing TO the buying for short account by
American and European operators The trans
actions were large. Receipts at New Orleans
tomorrow were estimated at 1900 to IA 900
bales against 1901 on the same day
last year. January notices were is
sued today to the amount of about II 900
bales, some Of which were stopped. There was
considerable switching business, many oper-
atOrs selling near and buying the far deliv-
cries. Sales of 227, 100 bales. Liverpool de-
clined to points, closing easy with spot
sales of 10000 bales at decline Of 11-1Gd sNew
Orleans declined to points. There was
decline OF l-l6c here on the spot and there
were no sales. There was decline of 1-160
| lBc at seven southern markets. The re-
ceipts at the ports were 9,54S bales against
| n O62 this day last week and 26 2S4 last year
| Total, thus far this week 1856 $40 bales against
| 2O9, O42 thus far last week. The exports from
| the ports were 1922 bales to Great Britain
II, l64 to France and II 800 to the continent"
New York, Dec. H.-Riordan & Co. say of
cotton: Port receipts to-day Of nearly 10
GOO bales, against 260 900 received this day last
season. was the terribly diScouraging stua.
ton that confronted the holders OF long cotton
this morning. No wonder that Liverpool gave
way and that prices here broke to the lowest
figures yet touched March open points
lower at 76}c, afterwards declined to 7.6lc
rallied to 1850 and closed steady at 1850 bid.
Considering the enormous receipts, and that
| heavy deliveries were made to-day on Janu-
airy contracts, the market held its own sur
prlsingly well. Our friends know that we
have not yet felt justified in encouraging
buying in the face Of the heavy movement.
No man can say how near we may be to bot
tom prices, but we again urge upon our
friends that il is safer and better to striking
bottom by 20 or 30 points than to buy before
the flow of receipts has received a very de.
ctded check. The bears tonight are very
confident that March will go below 7.5Oc, and
many of them profess to believe that they
will be able TO buy March below &c. 1t is all
a question of the receipts
New Orleans. Dec. 27.-Cotton futures closed
quiet and steady, with sales OF 90 700 bales. as
I follows: December 06c, January O5c, Feb
ruary zoe, March SOC, April SOC. May 4Sc,
June soc, July CSC
Charleston, Dec. 27.-Market quiet; mid
ding 7G71sc; low middling &c; sales 200
bales.
Cotton.
New Orleans Dec. 27-The following is the
semi-weekly cotton movement at thirteen
leading interior towns; Receipts, $50 bales
against AZ, 534 bales last year; shipments, 49,
957 bales. against l2,24S bales last year; stock
354, $50 rales, against 3S2,3l3 bales last year
New York, Dec. 23.-The total visible
supply of cotton for the world is Ass 1919
bales, of which 4,0Si $50 bales are American,
against 4,3413 25 and 3,941, 825 bales, respect
lively, last year Receipts this week at all
interior towns 180,2S6 bales. Receipts from
plantations 300 1853 bales Crop in sight ,034,75l
bales.