The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-09-17

Inn weekly statement Ui thr associated
uauss issued hy the clearing house 60 day,
shows tho following. changes
Reserve increased .......,s e. @ 3. 25
Loans decreased Observation-Disclosures. 60. q u~s 900
7 Specie increased ............... 1876 100
Legal tenders iu srcused. ............. $40 SD
Depos I'm srcaseJ ... ................ 8. ~ 800
! Circulation Increased ................ l.Il. 1OO
The banks now are 40 6Oi ~ above the re-
/ quircnentS Of the - per cent rule.
Atlanta, Ga, sept l6-fhe clearlngs Of
the associated banks for the week were
| S67l ,63)
Cotton.
Liverpool, Sept. 10, noon.-Cotton, mod
crate demand prices advanced American
mldtlng nominal g. sales 10000 bales
American 1870 bales; speculation and export
| lOJ bales, receipts o.0JJ American
| so bales. Futures steady. demand fair
Liverpool ept IL. p. M Cotton. prices
advanced; demand moderate
Futures-Amertcan middling, low middling
| Der and October delivery 406id; OCTOBER and
November delivery 3964d November and
December delivery 4O6tt64 BE- as 40 sd;
DecemUe and January delivery 20 $40
| 4 4l-64d; January and February delivery
| 4E6flD4 43 64L4 4i6ld; February and March
delivery 46 "a - A Old March and April de
| livery 4s-6404 80 sid; April and May deliv-
cry --. Tenders none.
p. m.-AmerIcan middling fair i-l6d,
good mddllng ID 1854, miudltug II l6d; low
mlddllng 4slb; good ordinary l-lbd' ordl-
Futures-American middling, low middling
clause 1eptem Ier delivery Al 81 al 42 std;
September and October delivery 4 40 $40
4 4l-6ld October and november delivery ~
6iGi 4l-6td November anu December deliv
cry 4l-6ip4 ~ Cad; December and January
delivery bold. buyers; January and Feb
ruary delivery 4 45-6ld, sellers; February and
March deNlgery 47-64d, buyers; March and
Apll de livery 4 tS6i114 496ld; April and
May delivery 52-64d sellers. Futures closed
firm at the advance.
Yesterdays sales were increased by late
business by 1000 bales from Brazil.
New York, Sept l6 noon.-Cotton contracts
opened irregular, with se JtemJer selling at
~ points advance, while other months were
54l2 points up, as following Liverpool, and
the close was barely steady at Las points de
cline from yesterday on a local trade sales
$4,000 bales, The port receipts were esti-
mated to-day at ll,0OO bales, against 1855
bales last year.
New York Sept 16-Cotton futures
opened steady, as follows: September deliv-
cry 3 nc; October delivery pc; November
delivery 3Sc; December delivery SIC;
January delivery &C; February delivery
6fc.
New York, Sept. 16,4p m.-Cotton closed
steady; Middling uplands SIC, mtddling Or
leans lice, good ordinary &C; low middllng
Futures closed barely steady. with sales Of
| $4,000 bales as follows: September delivery
: l2c; October delivery 8 % November de-
| livery IS; December delivery 81; January
delivery 81: February delivery II; March
delivery SO; April delivery 8 80; May deliv-
cry 97c.
NEW OTk, s0bDl. lO.--NOu5Olluhttu hbb re-
ceipts Of cotton at all the ports to-day were
96!6 bales; exports. to Great Britain 2l7
bales; to France none; to the continent
., 735 bales; stock 2iS 623 bales.
Total net receipts at all the ports so far
this week were 9,616 bales; exports to Great
Britain 2l7 bales; to France nOne to
the continent 2, 135 bales
New York. Sept. 16.-The total visible
supply of cotton for the world is 2.lO 2S2
bales, Of which ,697 O82 bales are American,
against 1859 279 and 2,l26,579 bales, respect
| lively, last year. Receipts this week at all
interior towns 80 l2i bales. Receipts from
plantations IS $40 bales. Crop in sight b42
bales.
New York, Sept. 1.-THE SUMS cotton re-
view says: "Bullish cables from Liverpool, the
ma k t active and advancing, and continued
unfavOrab!e crop reports, caused an early adj
vance: but it was lost later on, owing to
realizing, and the close was barely steady at a
decline Of | point on Septem Ger and 4 to 5
points on other months compared with the
| last prices of yesterday. Trade is improving
| in this country. The receipts at the ports and
! interior towns are small, and the drought
| in Texas continues, while dam age by boil
worms, rust and shedding is reported from
many sections Of the cotton belt The sales
| were llS 900 bales. September advanced 30
points but lost 1t. Liverpool advanced to
points, closing very steady, with short sales
| OF 1 900 bales. New Orleans advan Jed TO 2
points. December later declined points.
Spot prices here advanced l-16 for middling
uplands, sales 500 bales for spinning. There
was an advance OF 1-160lc at five OF the
bales. Receipts at the ports we're 9,63B bales
against !, 49l last week and "A $50 last year.
New York Sept. 16.-Riordan g. Co, say Of
cotton We have had an active week in
cotton, ending in o particularly lively day A
further rise in Liverpool and dts.ouraging
crop reports in the Financial Chronicle
frightened the shorts this morning and prices
at the opening advanced sharply, January
selling on the call at soc, This was the
highest price Of the day as it was likewise
the highest price yet reached for January 1894
| deliveries But there avalanche of
long cotton at once thrown on the market by
bulls anxious 10 take profits, ana the pressure
Of offerings resulted in a quick decline
OF ten points. At $3.50 for January, however,
there were far more buyers than sellers, and
the market became Steadier during most of
IL short trading day. The price of January
| fuctuated between 8.66c and S.67c A little
before noon q sharp demand sprang up and
January rallied 20 S.G9c but this seemed to be
the signal for renewed realizing sales, under
which January again declined TO S61c, some
of the bears. led by prominent German
house, took advantage Of the weakness in the
last few minutes to hammer prices vigorously,
causing a further decline OF or 3
points. The close was barely steady, with
s &c bid for January, 1t has been a long time
since the future OF the market has been
shrOuded in such extreme uncertainty as
now prevails The recent bad bureau report
which seems to be partially confirmed by the
crop advices now coming in day by day, taken
in connection with the Undeniable improve
Inent in trade both here ana abroad, may well
justify the hope Of still higher prices. Tie
belief that we are likely to have
bull market this fall is certainly
| growing among traders. On the other
hand, the bears while cOncedinR a certain
amount OF crop damage and more cheerful
| outlook for trade, insist that the conditions
have already been fully discounted in the rise
| of more than a centa pound. They insist that
| except in Texas, the average yield Of cotton
! will be much larger than last year, and claim
that neither the monetary nor trade situation
warrants the expectation that another sur
| plus is going to )e Oolyht and carried with
| out material change from present prices.
| Crop estimates range all the way from
| 6.250OC0 10 < 10000 bales. Mean time il
seems tolerahly certain that as long as re
| cetDts continue less than last years cotton
will not 80 down"
NewOrIeans. ept. 16-COtton futures barely
s's.t ~ with sales of 1910 bales. as fol
lows: Septem Der delivery &C, October de.
livery November delivery &c, Deem.
Der delivery . ~, January delivery sc,
February delivery 4Oc. March delivery &C,
Apr delivery --c.
Galveston, eptl. 16.-Cotton closed quiet;
midullng 5-l6; net receipts - UdIes; gross
none. sales 567 Dales; stock 81 ~ bales;
exports to continent none; exports coast
wise none: exports to Great Britain
none: exports to France none.
Norfolk sept. l6.-COtton closed firm;
middling 7sc; net receipts 81 bales; gross
none; sales AZ Jales; stock 5.otJ bales;
exports to the continent none; exports
coastWise $50 ales ports to treat Brit
ain none; exports o Fran none
Baltimore, sept. l6.-Cotton closed nominal;
rnid3Iing .yi<c. net receiDtS none. gross