The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-11-09

n .
Michigan Central102 Denver & Rio G.. II
Missouri Pacific. 25I4 Ed Gen Electric 452S
Mobile & Ohio .... 1ts4 Natl Linseed - 1879
Nash. c. & St. L. 80 Colo Fuel & Iron 24Ls
Maui. Cordage.., 254I do pref. a.
do do pref. 81 H st, C........
n. j. central. Gee. lI1'AI TT A. & n. M. s
Norf. & West. pfd.. PINT. s L. s. X. c..
North Am Co.. 5Rl do pref. II
GOVERNMENT BONDS.
United States IS, registered .........,,lt2K
United States IS, coupons ................1i2H
United states AIS, registered .......... 90
STATE BONDS.
La. stamped As. 95}aI Tennessee. olds. go
Tenn new set IS l0l Virginia centu is. 524
Tenn. new set IS. 6Sl4 Alabama A.. 9S
North Carolina Is 81 do C............ %
asked. ibid.
Liverpool, Nov. 3, noon-Cotton, demand
fair; freely met, prices unchanged; American
middling 4ssd: sales 10 900 bales; American
$500 bales; speculation and export, 1000 bales;
receipts. 60O0 bales; American, 2,4)0 bales.
Futures steady demand fair.
Liverpool. Nov. g. p. m,-Spot cotton is
IN talr demand; freely met; American mid
ding AID. The sales of the day were 10 no
bales, OF which 00J bales were for speculation
and export and included $500 bales Amer
lean; receipts 600 bales, of which 200 bales
were American
Futures-American middling, low middling
clause November, 2964d. value: Novem-
Der and December, 4 2s-6404 29-6id: Deem
Der and January, 4 28-64G4 29-6id; January
and February, % Sid, buyers: February and
March, 3O-6t6l4 81 Gid; March and April,
Sl-6I04 326id; April and May, 5000
336id; May and June. 35-64d; June and
July, 1904 "a 81 old. value; July and August,
SS6id4 Sid. Futures opened steady with
falr demand, at unchanged figures to 2-64d
decline. and closed steady.
New York Nov. 8, noon.-Cotton contracts
opened steady at4 points decline, fell 3Gl4
points as following a loss Of 3I94 points at
Dlyerrool; business moderate.
New York. Nov. S.-COttOn futures opened
steady, as follows; November, s2lc; Deem.
Der, &c; January, re; February, s SAC ;
March 42c April, 9 4Sc.
New York, Nov. 8, p. m.-Spot cotton
closed dull; middling uplands sac; middling
Orleans S5sc sales 3OS bales.
Futures closed quiet at / point decline to >
points not advance with sales of 500 bales,
as follows: November. & 2l518 PC; Deem
her. pos SOC; January, 81 as 3!c: Febru.
airy, 37td8 40c; March, s 1908 47c; April
3 53@S bic; May, 3 GIGS SIC; June. 670
New Orleans, Nov. S.-Cotton futures closed
steady. with sales OF $500 bales. as fol
lows November 63o bid De .ember II
OF 9c. January 9087 Gle. February 900
DOC. March USUlS 09c. April 1908 lie, May
% as Poe, June 3 3Jd8 Bic.
New y ok, Nov S.-The Suns cotton re-
view say 5: The adViceS from Liverpool
were of disappointing nature, and priI -
lions, though the rather large eceipts at the
ports also contributed to the depression.
Later on, however. the bears showed nervous
ness and the bulls less anxiety to sell, and a
rally took place. Still the closing prices were
, to points l)wer than those on
Monday. with the tone steady, how
eyer. The sales were 1880 bales;
Galveston 1.506 bales. In Manches-
ter yarns were easy and cloths quiet. Liver
pool declined four points, with spot sales of
1000 bales. There was a decline OF 1-16c at
some OF the southern spot markets. In New
York spot quotations were reduced1 &c, with
sales Of 4S5 bales for spinning. and deliveries
on cont at of 70 bales. The receipts at New
Orleans tomorrow V ere estimated at 1000 to
5000 bales. against 100 same day last year.
some Of the bulls are encouraged
by the fact that the crop movement
is only a little larger than at this
time last year. and they hope for a reduc.
ion in the receipts before long, especially in
Texas The Oears are encouraged by the
small ness OF the spot sales just now IN this
codnjrY ana the weak tone OF Liverpool,
whore Spinners are not buying very freely.
The receipts at the ports to-day were AZ 900
bales, against AZ, ia this day last week, and
licensed warehouses is only 1l6 sos bales
agains 800 GOO bales at this time last year"
New York, Nov. S-Riordan g. Co. say OF
cotton: The decline IN Liverpool caused a
nervous opening here to-day. The first sa lie
OF January was at 8.2SC, points lower than
Mondays closing. Several local traders,
who were loaded with cotton. bought at higher
prices, decided TO throw their holdings upon
the market, and the pressure of these sales
caused further weakness. January selling
down to S.22c. But, when the selling was
over. the market quickly rallied January re
acting to S25c. The posting of an estimate OF
receipts at New Orleans tomorrow. much
lighter than had been anticipated, led to act
i've buying and January advanced TO S301.
In the last hour there was much selling to
realize profits causing a recession Of a few
points. The close was steady, with 8.26c. bid
for January. Liverpool, which gives the key
note to our market, will be tnfluen ed chiefly
by the volume of receipts and the general
impression here is that they are more likely
to diminish than to increase.
New York, Nov. 8-AtwoCd Violet & Co,
say Of cotton: n he bulliSh features continue
to he movement but slightly larger than
last year and no indication of any material
increase, especially in Texas. Our reports
from Texas from two Of the largest cotton
buying firms In the state to-day indicate q
crop Of 100000 maximum and we learn that
Galveston anticipates a. light movement in
the near future. The bearish features are a
continued lack OF vitality in the spot market
IN this country and abroad. together With a
speculative interest which is not Affected
by the ups and downs Of the market and re-
mains uncovered until tn eir hedees. either Of
long contracts IN other markets OF OF actual
cotton are GOV sred at differences that will en-
able them to take oJt their short interest in
this market and at New Orleans at "a
profit: There was every reason to
anticipate that spots would he III
better demand and that this would uring
about higher prices for contracts. but as the
former dId not materialiZe. the latter hove
sym athlZed with a small spot market the
activity in the Liver DOL market ceased whom
Neil Bros estimate of 100000 minimum
was issued, and the spinner has shown his
faith in these lgures by withdrawing largely
from the market. A contradiction therefore
OF such crop estimates, which can only be
realized by movement about 10 per cent.
over last year will be necessary. apparently
to give the foreign consumer q different idea
as to the probable size OF the crop. Consump-
ton has not been decreased on the other side
that we are advised, but they are simply buy
Ing from hand to mouth and not adding any
thing as reserve stock. as is usual
at this season. The half-weekly movement
at thirteen OF the largest interior points
reported by New Orleans exchange shows
receipts 100 600 including Houston. against
$1,000 last year while s ,Ocks are 242 900
against $4,000 last year. The Egyptian crop
according TO a reliable authority. given us to-
day is 10 to IS per cent. less than last year but
the general estimate there is 20 to 25 per cent
less; selling at l&d more than middlng up
land at Liverpool The advance IN silver is
attributed probably to a reduction IN the
mining metal but also, we understand to a
report that the Russian government will with
draw from circulation 10000 0OO of roubles In
paper money. and substitute silver as a sub
sidiarY currency. We cose lower than
Monday although at one time we were 10
lower. Liverpool closes lower than Monday
with 1000 spot sales"
COTTON TABLE.