The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-11-15


STATE BONDS.
Alabama A.. qS Tenn, new set. IS 1853
do B.....-....... IS Tenn. new set. IS 1864
40 C.-.-......... 20 Tenn. new set. 3S 6S
La. stamped As. 81 Virginia SIS pref 50
NorthCarollna IS "a Va. Trust Reefs. 35
NorthCarollna6s lis Va. Fund'g Debt. 52S
tennessee, ODDS. 80
GOVERNMENT BONDS.
United States IS, registered. ...........II24
United States Is, coupons ................112A
*Asked. ibid.
Cotton.
Liverpool Nov "A, noon-Cotton, moder-
ate demand, which freely met American mid
ding, AID; sales 5000 bales; American,
12OO bales speculation and export, 500 bales;
receipts, $4,000 bales; American 1900. Flu
lures opened higher, afterwards declined,
now easy; demand moderate.
Futures opened higher, afterwards declined
now easy;demand moderate American mid
ding, low middling clause: November and
december 2464d4 2S6ld; December and
January. 2+6fI14 23-54d; January and Feb
ruary, 2f-646l4 25-64d4 2+6ia4- 23-64d; Febru-
airy and March, 26G4d; March and April,
4 276t - 20 646s4 25-6id; April and May 1854
a. 29649i 2s-64d; May and June 30-64a.
429-6id; June and July, 3l-64d. Tenders 100
bales new docket.
p. m.-Cotton, American middling 415d;
goou mlddIlng, zee. middling, .... low mid
dnng, good ordinary, .... ordinary, ....
Futures-American middling low middlng
clause: November, 2464d value; Novem-
Der and December, 23-6414 2464d; Deem
Der and January, 23-6fg4 246id; jan
uary and February. 2464d sellers; Febru-
airy and March 25-64d buyers; March and
April 26 64dd4 % Is; April and May, 1854
buyers; May and June, 4 30-64d, sellers.
June and July, 1 3l-646C4 32-64d. Futures
closed barely steady.
New York, Nov. A. noon.-Cotton contracts
opened steady at 1d2 points decline, closed
steady at 2lt5 below yesterday.
New York, Nov. H.-COttOn futures opened
steady, as follows: November, s 04c; Deem
Der, lOc; January, l0c; February, s lSC;
March 26c; April, 8 SIC.
New York, Nov IA, 4 p m.-Spot cotton
closed quiet; middling uplands s3-l6c; mid
ding orleans 7-l6c; low middling go. c; good
ordinary zoe. c; sales 406 bales
Futures closed steady, with sales of 5000
bales as follows: November Ole; Decem-
ber,- Toe; January, 12c; February, lgc;
March, &c; April 34c; May S4lci June.
Total consolidated net receipts at all the
ports to-day were 5596S bales; exports to
Great Britain BASIS bales, to the continent
4tll bales; to France bales; stock 975,-
299 bales.
Total so far this week: Net receipts 152 867
bales; exports to Great Britain So 1871 bales,
to France 6633 bales, to the continent 1867
bales.
New Orleans, Nov. 14-Cotton futures closed
steady, with sales of 64.s00 bales, as
follows: November 4sc, December &c,
January 79c February SOC, March 8 csc,
April 06c, May 8 13c June 20c
New York, Nov. 1.-THE Suns cotton re-
view says: The bearish factors were disap-
pointing advices from liverpool large re-
ceipts at the ports to-day, and estimated re-
ceipts at New Orleans tomorrow of 10000 to
1000 bales against 5000 the same day last
year, and local southern selling. The result
was a small decline. Later on, however, the
market rallied, and the last prices we're steady
at decline OF only l point on some OF the
months after sales of 100, 400 bales. The
Liverpool market, it is said, was depressed
by rumOr that New Orleans firm had III
creased its crop estimate to either 1900 900
or 100000 ba es. But the firm in question
denied the rumor this evening. In some
sections of Texas the weather is
reported unfaVorable. The market here
seems to have an undertone Of strength in
spite OF liberal receipts at the ports and the
interior towns. Houston, Tex, received 49,
1856 bales. Liverpool advanced points, but
lost one half OF this, and closed barely steady
with spot sales of only 5000 bales In Man
chester yarns were weak and cloths met with
only moderate demand. Some of the
southern spot markets were 1-1G@16c
lower, and they were generally
rather quiet New Orleans sold 4, 900 bales
Spot prices here were unchanged, with light
trade. The sales were lO6 bales for spinning
and the deliveries on contract were 800 bales
The receipts at the ports we're $50 Dales,
against SAY bales this day last week and
80, 455 bales last year The total thus far this
week 152 S67 bales against 163. 528 thus far last
week, There was an absence of an aggressive
speculative spirit at either New York or Liv-
erpool.
New York, Nov. H.-Riordan g. Co. say Of
cotton: This has been very dull day in
cotton in the face of a sluggish Liverpool
market, and receipts heavy enough to satisfy
the most eXacting bear. Our market in spite
of some spasms OF weakness, has on the
whole held, It's own stubbOrnly, and closes
with a somewhat better feeling than yester-
day. January opened at 9.1Sc., declined to
809c and rallied to size. But the
this trihing advance could not be main
tanned The close, however, was steady, with
8 l2c bid for January. While the bears con
stantly talk OF January going to Use,
they are evidently timid about sell
ing short. The sales now are mainly
by holders of long cotton, who are
either tired and disguised with waiting for an
advance, or whose margins have been ex-
hausted by the decline. There is little room
for doubt that any shrinkage in receipts would
cause a sharp advance. But, will the shrink
age come? And, if so, when? That is the
New York, Nov. 14.-Atwood Violet & Co.
say Of cotton; The market has acted very
peculiarly TO day, considering a rumor of an
g. $50 900 estimate, by Neill Bros, was current
at Liverpool this morning, which market i'm
proved , points after opening the same as
last night, Of which l was lost. The market
has ruled very steady, and the close is at last
nights prices. after having been higher and
lower during the day. The port movement is
about the same as expected, and indicates
about 2S5 goo for the week, against 25S,0O0 last
year. The interior promises about lO5, 900,
against 81 600 last year The Houston re
ceipts to-day of 10000 bales, against 900 last
year, caused a drop to 500 for January, where
it remained but a few minutes, quickly i'm
proving One notable feature is that the
larger the crop is made in the minds of those
who are putting out estimates. the more pro
nOunCed are the views as to a moderately
small crop of those who have cultivated and
made the crop now being marketed, and
inasmuch as the government in its estimate
of lint per acre in November, on several Occa-
sions underestimated the amount actually
produced, it has given the big crop people an
excuse for saying that l4g pounds % lint to the
acre is entirely too small, and Immediately
the spinner is made to believe that all he has
to do is to wait for a movement and an accu-
mutation of stocks in America that will en-
able him to buy cotton much cheaper. Now
we say that the crop may be as large as Mr..
Neill says it is, which is 100000 minimum,
and how much more. is left TO the magma
ton, it also may be that the market may fall
considerably below the present prices. but
our Information, which is of quite as reliable
character and. perhaps, more general than
what is obtained by those who are putting out
big crop estimates does not confirm either of
those impressions. If lig pounds Of lint per
acre is aDSurdly small, according to the $780,
000 people. although in 1887 ~ it was 1874
each year, then we suppose that rs pounds per
acre they would accept as being fair estimate
especially as IL is several pounds above the
average OF the six years preceding last year
coo and multiply II by 175. and divide by 400 IL
gives exactly 10000 bales and in order to
make an 100000 crop, the lint per acre must
be POO pounds per acre. We would be very
much pleased to hear from those who read
this letter. to have advise us immedi atelv what