The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-11-17
GOVERNMENT noNns.

]
GOVERNMENT RoNDS.
/ United States Is, reg stored. ...........II9
! Un1tedStates As, coupons ...............Il2
/ United States ., registered. ............ 94A+
asked IBID.
Cotton.
/ Liverpool Nov. 16 noon-CottOn. moder-
/ ate demand freely met at unchanged prices;
American middling 41sd; sales 10000 bales
/ American. g,lO0 bales: speculation and export
I O)0 bales receipts 1900 bales; American
/ poor
Futures-American middling low middling
/ clause November - 64d. November and
/ December, 4 2264d4 23-6id: December and
/ January. Sod; January and February,
/ 3-t+Q p 64d; February and March. 45-64d;
March and April, 4 25-64Q4 2664d; April and
| MAY 27-6id May and June. ! 3S-G4d. June
and July, % "a 81 sd. Tenders none
! 2. m & otton, American middling. 15-I5d;
good middling, 4'sd; middling, AID: low mid
| lid.
Futures-American middling low middling
clause; November, 4 "A 6iGl4 = sid: Novem-
Ter and December, - 64d, sellers: Deem
Ter and January 90 sd sellers Jan
| uary and February, I 24-6l04 25-6id. Febru-
! airy and March y 64Gt4 2664d; March and
/ April, 276id. sellers; April and May. - 81
| a. 2g-6ld; May and June. 1 3064d. buyers:
June ana July. 32-6id sellers. Futures
| closed finn,
New York Nov I6 nooa.-Cotton contracts
| opened steady at 500 points advance. but
weakened 36t3 points on unfavora ole reports
and the chance OF an increase should the
weather continue fair. Prices now Pas points
! below yesterday,
New York. Nov 16-Cotton futures opened
firm, as follows: November, : 90c: Deem
| Der SU-c; January, SJJG; February 8 lUC;
March, lSc; April 8 25c.
New York, Nov. 10, p. m.-Spot cotton
closed dull; middllng uplaudS Sac; mid
ding orleans SAC; sales Dales.
Futures closed steady, with sales Of 1870. 2C0
bales, as follows: November 93c; Decem-
Der zoe; January Csc; February & lOc;
March, lie; April, 2Ic; May, BIC; June.
s $50.
New York, Nov, 16.-The total consolidated
net receipts at all the ports to-day were A, 249
bales; exports to Great Britain = ASP bales. TO
the continent 500 bales; to France zee. bales;
stock 020,520 bales.
otal so far this week Net receipts 23e. so
bales; exports to Great Britain 20 $40 bales.
to France 1888 bales, to the continent 26,l56
New Orleans Nov. 10 Cotton futures closed
steady, with sales of S0.lO0 bales, as
follows: November &C. December 62a,
January Doc. February nc March &c,
April 96c. May 04c. June 12c, July 8 l9c.
New York. Nov. I6.-lhe Suns cotton re-
view says EARLY in the day there was a
decline of points on account of lower prices
in spot and In eral receipts at the ports and
long hluidation, but the market became
stronger later on owing to cold weather in
Texas and Mississippi and a dispatch from
New Orleans stated that twenty four firms of
that city had issued statement to the effect
that in their Judgment the present crop will
not exceed 1OUOOO0 to $50 900 bales. Still
later however, the tone again became
/ depressed, owing to further long nqui-
dation, SO that the last prices were points
lower than those OF yesterday. The close
was steady, with sales Of 1919 200 bales Liver
pool declined points, and recovered al out
half Of this. closing firm, with spot sales Of
10000 bales Manchester was quiet. The
Bombay cotton movement for the week is as
follows: Receipts 10000 bales, total since
Jan. L. 100000 against 1913 900 IN 1892
Shipments to Great Britain none, total since
Jan. !, 1900 against G9OOO last year. To the
inc fnF no trpp 1afn Gin To,,
/, $4,000 against $4,000 last year. Ahoat
1000 bales against 1000 last
year, The southern spot markets
were generally quiet, steady and I'M
changed New Orleans weak, with sales of
5000 bales. Baltimore declined lac and Au.
gusta and New York l-l6c. The sales were n
bales for spinning The receipts at the ports
were 43 249 bales, against 81, 56a this day last
week, and 409a3 last year Total thus far this
year, 236,S76 bales. against 24l S52 les for the
same time last week The receipts at New
Orleans to morrow are estimated at ] O00 tC
1900 bales, against 800 bales for the same
time last year. The dullneSs OF spot COTTON
in this country and abroad, and the large re
ceipts al the ports and the interior towns en-
Outraged the bears. Memphis received to-day
37S8 bales, St Louis 242l, Augusta $50, and
Houston Cos bales "
New York Nov l6-Riordan 6, Co. say OF
cotton: The market to day was in process oil
liquidation. A slump in Liverpool cIused
on the call al S.05c After the call the de
mand improved, and the marset during the
first three hours show good deal Of steadi
ness. January advanced to S.I1c. and some oil
the bulls began to hope that the worst was
over. But the pressure to sell at the advance
was very great. and in the last
hour the weakness became pronounced
January declined TO S.G2c. There was a
recovery of point in the final trading and
the close was steady with S03c bid for Janu-
airy The attitude OF Liverpool will probably
influence our opening tomorrow, but, though
there may be a rally, appearances indicate
that there is great deal OF weakly held long
cotton that will have TO Q sold out before the
5 market will be in good shape for an advance.
The bears tonight say that January Will y
5 to 1906. We do not expect so great "a decline.
but we fear that prices will go lower before
they can go higher"
New York Nov 16-Atwood Violet & Co
say Of cotton; &c The coIrse Of the market has
been an advance OF points. after decline
J of T. and then declining, closing 10 lower than
last night. has given a great range OF values,
with a considerable showing Of weakness.
= he market feels the eject Of the lack OF spot
demand. and until there is a chan &c for bet
ter in that resLett a. looks as thou tI il would
! be difficult to obtain the sustaining power
necessary to put the market higher for the
; time being anyhow. One OF the C Tx features
today has been the proouble amount coming
into 5 ght this week. namely. $4,000, against
3lS 00j this week last year The excess In
sight on Friday last over last year was 206O01
1t. perha1S, will be to morrow about 265 000
ahead OF last year The following dlspat n
was received from New ORLEANS to-day:
'lWenty-four LEADING cotton firms Including
nearly all the fdctOrage firms in this city
issued yesterday the following address to the
cotton trade In view Of the many recent es.
Inmates OF the cotton crop Of 1873 o. some OF
, viii n seem excess we. we do not deem amiss
/; at this JJncture TO state that to the best Ct
our knowledge and information the present
crop will not exceed 1903 go to 7,250O 6
bales. To this were gned the signature OF
the foctOrs referred to. We asked over our
wires 10 day a reply to our inquiry as 70
the numDer Of pounds OF lint per acre in the
different localities and sections to which our
messages were sent. and the averages by
, states show as follows: North Carolina lS5.
south Carolina 100 Georgia 100, Alabama 1870
Arkansas TO, Texas Isl. Tennessee I3t. an
average, according 10 the replies OF Ia
pounds per acre. or six pounds more than the
bureau estimated Now. Il we take the ChrOn
icle acreage OF i0.000OOO, or a half million
, more than Mr. Nell g. multiplied by lA-
pc nds which IS twenty pounds more than
the above average. and divide ~ $50, the crOI
is less than 5&00tOJ However. what the
market needs * buying power more than sta
tisiics. and we give the latter in order that
, the prospective out tIrn Of the crop can be a.
, well arrive at perhaps, by one person as an
other. whether he be an authority or not
The movement, however for day TO day. OF
week to week. seems sufficiently large 70 dis
courage the spi lnerS and this in turn eucOur
ages the bears, with the result that price.
l have been gradually forced to lower level
January pra ctically at cents 10 day. Liver