The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-10-22

North Cardinals ll5 Virginia funding. 50
*Asked IBID.
Cotton.
Liverpool, Oct. II, noon.--Cotton, quiet, free
supply Offering: prices easy; American MID
ding II l6d; sales 5000 bales American $50
bales speculation and export SEQ bales; ro-
ceipts -- bales. American - bales Flu
lures fiat, demand freely supplied
Liverpool Oct. 81. p. m.-Spot cotton is
quiet with a free supply Of offerings The
sales of the day were 5000 bales. of which
500 bales we're forspeeulatiou and export.
Receipts - bales; American middlng
li-l6d.
Futures American middIine fair. low mid
ding clause, January and February 33GiG1
J$bid, sellers. February and March 4 "a CAD.
buyers March and April, 436-G4d, sellers
June. 439c4d4 40-64d. October 1872 SAC
4336id; October and November 81 cd.
buyers; November and December 4 81 Cad.
sellers, December and January All 6td
values Futures opened fiat: demand was
freely supplied at 36iGn5 SAD decline and
closed quiet a 64d net decline
New York. Oct. 2l.-Cotton futures closed
steady, as follows: October l2o, November
9 l9c; December, x 2uc; January 3 SOC. Feb
ruary. 9 3sc, March & 45c.
New York. oct 1.-THE total visible
supply Of cotton for the world Is 2.73S IO2
bales, OF which 1857 ,202 bales are American
against 3OS6,42I and 2, G95, 427 bales, respect
lively, last year Receipts this week at all
interior towns 24425 bales. Receipts from
bales
New Orleans oct 2l.-Cotton futures closed
steady, with sales Of 5000 bales, as fol
lows October 20 bid, November 2 mar 7sc.
December 500 90c, January Z 97GJ7 9Sc,
February 8 o. as % March llMS l3, April
8 1905 20 May 25R8 PIC
New York. Oct. p, p m.-Spot cotton
closed steady with nc decline middIing up
lands 7-l6c; middling Orleans Slice; sales
lO2 bales.
Futures closed quiet and steady, with sales
OF 1873, 500 bales as follows, January z SOC;
February, 3sc; March, g 45c; April 53c
May, 9 6)c; June. 8 66c; October, nc;
November, 8 he; December & 20c.
Charleston, Oct. 2l.-Cotton, dull and
nominal, buyers Offering &c less: middlinR,
&c; low middling, 734c
New York, oct 2i.-The Suns cotton re
view says There was decline here of
10 TO - points, owing partly to the dullncss
and depression in Liverpool but. more than
all, due to large receipts at the ports which
caused considerable long selling The south
ern markets were lower, and the receipts at
some OF the interior towns were larRer than
on this day last year The closing was quiet
and steady, with sales Of 1875. 500 bales. Iiv-
erpoOl declined six points, closing
bales New Orleans ii points lower y;eTo
New Orleans receipts on Monday are esti
mated at 10000 to 1860 bales against 1896
the same day last year. There were large ex-
ports from the ports to-day. Receipts at the
ports today were 30 i67 bales against 80 900
this day last week, and 81 429 last year Spot
cotton here IS 1ac lower with sales OF O2
bales for consumption. There was q decline
OF 3l6c ut two of the southern markets and
l-l6618c at six OF them
New York Oct q -Riordan & Co. saw OF
cotton: The reports of killing frosts in the
south early IN the week changed the feeling
here in regard to cotton. Many of the bears
turned bulls and with few exceptions the
shorts covered, leaving the local traders all
long. The consequent advance was attended
by the usual result-a food of buying orders
from the south and the market assumed a
rather topheavy aspect. The advance might
easily have been sustained. and prices would
probably have gone much higher had the
Senate consented to restore confidence and
activity among the American spinners by
passing the silver repeal bill. But the Senate
seems deaf TO the voice OF the American POO.
pie, and the cotton growers
Of the south must ray the penalty Of the sci
hshness and stupidity Of senators who prevent
a vote. The movement Of the new crop this
week has been heavier than expected and
this. together with the shameful delay in
Washington. has encouraged the bears to
fight the advance, both here and abroad To-
day Liverpool broke badly. the decline
amounting to esd. Our market opened
ABOUT IL points lower, January selling down
to S29c and a little later TO 9.28c. January
trading, between S2Sc and S33c. the alterna-
tiOns OF strength and weakness being rapid
and frequent. The close was quiet
and steady with $500, bid for January.
The situation at the moment is a very puzZling
one. II seems to us that cotton In view Of
the crop outlook, and foreign trade conditions
ought to advance, but there Is altogether too
much company on the bull side. and IL is Still
by no means certain that the Senate S trifiing
with grave business interests Will not pre-
ciptate another money panic, even more seri-
Gus and widespread than that Of July. In
that case, the price OF cotton would certainly
have a serious tumble. Until the Senate has
voted upon the repeal bill, buying cotton is
hazardous ventura