The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-07-30


GOVERNMENT BONDS
United States U.s. registered ...........IOsis
AhtleV states Is, coupons 90. l0Sia
united states =. .-..,.-.. $1,000. ...... 100
fAskcd. fBia
New York, July 29.-Suh-treasury balances.
Coin S0S9ai.OOO; currency, $l2,A57 600.
The weekly statement OF the associated
banks, issued by the clearing house to-day.
shows the following changes
Reserve decreased ........ 81 OtA l2a
Loans decreased .......-... . 5,5 300
Specie decreased 2ot 1OO
Legal tenders decreased ......... 3sgS 500
Deposits decreased ....... .......... 3 2qq 100
Circulation increased ............. 10 800
The banks now are s. 03l go below the re-
quirements of the % per cent rulo.
Cotton.
liverpool, July 90, noon,-Cotton quiet;
prices unchanged; American middliug up
lands 4ad sales 5000 bales American 4 900
bales speculation and export 500 bales re-
ceipts 1000 baleS-Amcrican 100 bales.
Futures firm; demand moderate
Futures American mlddling, low middling
clause, July delivery 2S6id; August and
September delivery 2T-64I; September and
October delivery 2i646G4 2s-6id: October and
November delivery { 2s.64d November and
December delivery 4 30-64d4 31-64d. Deem
Der and January S76id; January and Feb
ruary delivery I 34-64d; February and
March delivery 3l64d Tenders none.
p. m.-American middling fair 4 70 16d,
good middling 9l6d middung 456d low mid
ding 4%d, good ordinary 45ld, ordinary
Futures-Americau middling. fair. 4,5d:
good middling Ard; middlng 4lsd; low mid
ding clause. 496d good ordinary 44d ordinary
l-l6d; July delivery I 3S64d value, July
and August delivery 27-64@4 2s-64d; August
and september delivery 27-6id sellers:
September and October delivery 4 27-6404
2s64d; October and November delivery 4
2eb4d, sellers; November and December de-
livery 3O-6iQ4 3l-6id; December and Janu-
airy delivery 4 32-64d, sellers January and
February delivery 4 36fGl4 "a sid February
and March delivery 35-64d, buyers. Futures
closed quiet.
New York, July 2g-The total visible
supply Of cotton for the world is 1906 2lO
bales, OF which 2,09s9l0 bales are American
against 204l $50 and 2,437, 1856 bales respect
lively, last year Receipts this week at all
interior towns 5000 bales Receipts from
plantations none. Crop in sight $500, S06
bales.
New York, July 20, noon.-Cotton futures
opened steady, as follows. July delivery soc;
August delivery 90c; September delivery
1850 October delivery 06c; November de-
livery l6c; December delivery 8 26c.
New York July %, noon.-Cotton contracts
opened steady at 203 points advance and
closed steady at 344 points over yesterday.
New York, July - consolidated net re-
cepts Of cotton at all the ports to-day were
34S2 bales exports, to Great Britain none
to France, none; TO the continent , ,545 bales
stock 2S7,527 bales
Total net receipts at all the ports so far
this week were 3 1882 bales; exports. to Great
Britain none; to the continent 2,645 bales;
TO France none
New York, July 29-Riordan & Co, win say
Of cotton THE week closes with a harden
ing tendency in the cotton market. and with q
marked narrowing Of the differences between
August and September. These months,
which were ten points apart until few days
ago, were well dealt in to-day at difference
OF twenty-fOur points, The telegraphic re
ports from Texas in today Financial Chron-
icle we're very gloomy, but the trading was on
a small scale both bulls and bears being I'M
usually timid. The crop news was bad
enough TO Justify a sharp advance But
the money outlook was too blue and
uncertain TO encourage bull
campaign, and so the Improvement for the
day was trifiing. August opened at 1880 and
closed at 5000 bid and January, which has
now become the most active month, opening
at $3.50 and closing at $500 bid. The tone at
the close was steady, We are passing
through monetary crisis Of an Unprecedented
our financial history. Gilt edge securities are
every day being slaughtered for ready money,
at prices far below their recognized intrinsic
value, and nobody knows to-day whether
depression or not, Restricted and falling
markets for nearly all commodities show the
widespread effect Of the money stringency
and IL is a matter OF wonder TO many how cot
ton should have stood the pressure without
any important break. This we attribute en-
tirely to the very serious character of the
CROP
in that great state. Rain now seems 10 be
almost, II not quite ctrcumstantial. and If the
financial situation were less strained and
threatening we should certainly have much
higher prices for cotton. As IL is. the actual
extent OF the damage in Texas and the dura-
ton and severity Of the extraordinary money
pressure being alike uncertain it is hard at
the moment TO form an intelligent opinion as
to the course Of the market in the immediate
future
Atlanta, July 29-Cotton quiet; middling
nc; receipts none.
New Orleans July 29-Cotton futures steady
with sales of 1900 bales, as follows. July
delivery 45c, August delivery soc, Septem-
Der delivery 65C, October delivery 75c.
November delivery S5c, December delivery
9Oc January delivery Csc, February deliV-
cry 16c, March delivery l5c
Galveston, July 20 Cotton closed firm
middling re; net receipts "a bales; gross
none sales 2i3 bales; stock, 20, 632 bales; ex-
ports cOastWise none
Norfolk, July 29-Cotton closed steady:
mtddling 7Ac net receipts 100 bales, gross
none sales bales; stock l0,443 bales; ex-
ports to Great Britain none; to the continent
1850 bales.
Baltimore, July 29-Cotton closed nominal:
middling sac; net receipts none; gross
none; sales none; stock 9,S63 bales; exports
to the continent none.
Boston, July 29.-Cotton closed quiet; mid
ding SIC; net receipts 80 bales; gross none;
bales; exports none; sales nome stock none.
Wilmington, July 29.-CottOn closed firm;
mlQQlluB f1ot1 ubb IbCClplS DdltS5 gross
none; sales none; stock 4 40 bales; exports
none.
Philadelphia, July 29.-Cotton closed firm
middling sac; net receipts "a bales; gross
none: sales none; stock 8 100 bales; exports
TO Great Britain none.
New Orleans, July % Cotton closed firm
mlddling SAC; net receipts ? 800 bales; gross
1858 bales: sales 1884 bales. stock SO 934
bales; exports to Great Britain none; to the
continent none; exports coastwise Is bales.
Mobile July 29-Cotton, quiet; mlddling
7llc; net receipts3 bales gross none; sales
none; stock 1910 bales, exports to Great
Britain none; to the continent l4l bales
Memphis July 29.-CottOn closed firm; mid
ding 75sc; net receipts 81 bales; gross
none; sales $50 bales; stock, i2,127 bales;
exports none.
Augusta. July 29.--Cotton closed steady;
middling il-l6c; net receipts bales gross
none. sales SO bales; stock, 77l6 bales.
Charleston, July Cotton closed dull;
middling 77lc net receipts bales, gross
none; sales none; stock l4,4f5 bales exports
coastwise a bales
Cincinnati, July 29--Cotton closed steady
middung SIC; net receipts I68 bales, gross
none; sales 800 bales stock a296 bales
Louisville, July 29.-COtton closed quiet;
middling Sc net receipts none, gross none:
sales none: stock none
ST. Louis July 29-Cotton closed steady
middlmg 75sc; net receipts - bales; gross
none: sales 535 bales; stock % 3i2 bales.
Houston. July 20 Cotton closed quiet
middling INC, net receipts 40 bales; gross
none; sales none; stock 1921 bales.
Grain and Provisions.
New York, July 90 p m.-Flour very
dull and nominal, on lower wheat markets.
winter wheat low grades 81 95d.2 40; winter
fair to fancy Sc 45Gg3 As winter patents 81 40