The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-12-08
STATE BONDS.
GOVERNMENT BONDS

~
Tennessee, olds., 90
GOVERNMENT BONDS
United States Is. registered. ...........Ii4
United States As, coupons .........,......I14i
United States IS, registered. 95
*Asked. IBID
Cotton.
Liverpool, Dec :, noon.-Cotton, good de
mand; sellers offer freely; prices unchanged;
American middling 43sd; sales 5000 bales;
American. IS 90 bales speculation and ex-
port 900 bales receipts, A., 900 bales Amer
lean. 81 40 bales, Futures opened firm; de
mand fair.
Futures-American middling fair low mid
ding clause December. l66id; December
and January, 155id, also l6-6id; January
and February, 4 10 Sad also l6-64d Fobru-
airy and March, l66id also 4 1850; March
and April, 1850, also lS-64d, also lg-6td;
April and MAY 70 64d. also 2J-64d MAY
and June 2G6id also 2l-6Id, also - Cad;
June and July, 2264d; July and August
42}6ld. Tenders none.
p. m.-COtton, American middling fair,
413lSd: good middling, 413d; middling. AID:
low middling, 4}4d; good ordinary, 4'td' ordt-
Fntures-American middling fair low mid
ding clause: December 1864, buyers; De-
cemDer and January, { l5-6iQ4 l6 sd; Jan
uary and February. t6-64d, buyers; February
and March l7-6id value; March and april
l7-64d, buyers; April and MAY, 20-6id,
sellers; May and June, 2l-6404 22-64d; June
and July, 236id, buyers; July and August
p SD, sellers. Futures closed quiet, but
steady.
New York Dec. = uoon.-Cotton contracts
opened steady at 4TA points advance, a. fol
lowing Liverpool and on small crop esti-
mate. but reacted points on increased re
celpts, and are now Ia points over yester-
day.
New York. Dec. Cotton futures opened
steady, as follows: December, zoe; Jan
uary, = 9Uc; February, 95C; March, s O5c;
April, csc; May, nc
New York, bee. :, 4 p. m.-Spot cotton
closed duh; middling uplands 77sc; mid
ding orleans sac; sales 80 bales.
Futures closed steady, with sales Of l26,SO
bales, as follows: December, : nc; January,
Z SJc; February, SSc; March, csc; April,
8 02c; May, s O9c; June. s l5c; July, s2lc; Au-
gust. e.
New York, Dec. The total consolidated
net receipts at all the ports to-day we're As $40
bales; exports to Great Britain 20 700 bales, to
the continent t3.437 bales; to France 1881
bales stock !, t35. 203 bales
Total so far this week: Net receipts 25S.205
bales exports to Great Britain 93212 bales,
to France $3.50 bales to the continent 7l085
bales
New Orleans. Dec. 7.-Cottonfutures closed
steady. with sales OF $1,000 bales, as
follows: December 36c, January 43c, Feb
ruary 55c, March &c, April 1Oc, May nc,
June S5C, July 93c
New York Dec. The Suns cotton report
says Large receipts at the ports caused Il
decline this afternoon, and prices closed to
points lower than yesterday. Early in the
day there was some advance, owing to the ia
vOrable adviceS from Liverpool, but as the
crop movement dominates. the market s
prices receded when IL was seen that the re-
celpts were large today. and that New Or
leans expects liberal quantity tomorrow. 1t
Is believed by some that the total receipts
this week Will reach 100000 bales,
whereas at one time they were estimated
at 2sG,0OO The sales to-day OF futures were
$4,000 bales. Liverpool advanced , points,
closing steady with spot sales Of 5000 bales
at unchanged prices In Manchester yarns
were duh nd cloth quiet. New Orleans ad
vanced points. but lost this and declined 5
points. Spot prices were 1-l6s lower here.
There was decline OF l-l6c at three of the
southern markets. The sales were 20 bales
for consumption, and deliveries 300. New
Orleans 1880 bales. The receipts at the
ports were 1897 bales, against 81 1sq thi S
day last week and 1893 last year Total thus
far this week $500, against 25l, 752 thus far
last week"
New York, Dec 7-Riordan Co says OF
cotton Another day of big receipts indi-
| eating that the port movement for the week
will exceed a estimates. killed the effect of
| the slight rally in Liverpool After a momen-
| tary squirt a. the opening, in which March
sold at S04c, the market gave way under
heavy offerings March gradually q 'Clining to
: 97c. Early in the afternoon prices rallied
somewhat, March reactiug to sole, but the
improvement could not be mainta ined. there
were unmistakable signs of active liquidation,
the commission houses being the prlnci pal
sellers. and the shorts being about the only
buyers. The selling just before the close
was very heavy. March declining to 1SOt.
| One OF the largest commission houses at the
last accepted all the March contracts offered
at 1850, and the close was steady, with T9bc
bid for March After the close there was
| some pressure to sell, and prices were point
or two lower. Unless rect ipts are quickly
! checked we fear that the liquidation of long
cotton VIII be very large, and that further
and serious decline may occur. 1t must be
remembered that every day nearly 80 OO0 bales
Of new cotton arrive at the ports SpinnerS
are buying but little. spectators are discour-
aged. and Vet somebody has to take this cot
| ton at some price. Our friends can form
their own conclusions as TO what will happen
if the avalanche OF receipts should continue a
while longer"
New York, Dec. 7.--Atwood Violet & Co.
say Of cotton to-day: The cotton situation at
the moment is a peculiar enc. as on one side
VIC have large crop estimate OF firm whose
opinion on that subject has had always more
or less weight with the foreign spinner, and,
10 a cera extent upon tho American as
we'll. a repetition yes.eldly at Liverpool OF
an estimate OF 11OOOD tdeS, Is so at Vari-
auCe with the reports eing universally re-
celved from every city, town and village in
the south. as well as from plantations. by
every one who has any CORES rOndence with
that section, as to lead to but one conclusion,
because the statements OF these correspon.
dents are all to the same effect, namely; a
rapid marketing OF the crop; an average
amount Of lint per acre tout lb5 pounds, IN
stead Of POO pounds which is necessary to real
iZe the high crOp figures and reports gener.
ally OF disappointment OF the expectation OF
30 and 50 days since. We may say that the
! consensus Of opinion in the south is that the
crop Of this year will not exceed 7,50).OOO
bales. The authorities We mentioned above
sit IN their Offices and announce to the cotton
world regardless of the advices that the
southern people are giving forth TO the
exact status OF crop conditions in the south,
an announcement that the crop is certainly
about 7 40 O0l bales and the inrinuation con
ycyed by the wording Of the estimate is that
/ the crop is likely to tie very much more, The
people OF the south identified with the co tton
crop and from whom small crop advi Is
emanatc are on trial this year so far as their
Judgment as to the size Of the crop Is con
Cerned, and il remains to be seen whether one
man and his following who perhaps have not
seen a cotton Held this year except
from a car window. are TO be right in their
. crop calculations or whether the people who
have grown and are shipping and handling
/ this crop shall prove to have been entirely
wrong in their opinion as to the crop the Y
/ have made this season. The same cotton
authority last season made his crop eStim ate,
we are satisfied. largely upon returns that ne
4 knew were being received at New Orleans and
! elsewhere as 10 the shOrtness OF the crop but
! this year he has turned his tack. apparently,
/ upon all information which does not dictate
/ the figures that he now stands responsible
! for. The scale Of the move Eent indorseS tho
/ higher estimate Of the crop, but the south eX
i'plai IS satisfactorily IN many ways II the
/ sofia under estimated the crop II VIII show a
/ more careful investigation Is necessary in
| summing up their crop ideas. but II Nj
| Neil has Overestiu a.ed the crop ne
| and his following can retire gracefully
| or otherwise from the field OF crop