The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-12-27

GOVERNMENT BONDS
UnitedStates As, registered. ...,....112sf
Un1tedStates As, coupons ..............iI4
United States 2s, registered. 95
*Asked. +Bid.
New York Dec. 26 noon.-Cotton contracts
opened easy, at cas- points decline; gained
interior movements; but rallied on local
covering.
New York. Dec. 26.-Cotton futures opened
steady as follows: December, C; Jan
April. 7Sc May, $50.
New York, Dec. %, 4 p. m.-Spot cotton
closed quiet and firm middling gulf sIs;
mlddhlg uplands l4-l6c; middling orleans
C; sales 0l0 bales.
Futures closed steady, with sales OF go. 900
bales, as follows: December. Z 45c: January
4sc; February, SIC; March, CSC; April
gust, 8 use.
New York, Dec. 25-The total consolidated
net receipts reported from all ports to-day
were Al l43 bales; exports to Great Britain
2,60oi stock, l.2l3756
Total so far this week: Net receipts. 81. p
6o9 bales; exports to Great Britain, 81 $50; ex-
ports to France, $3.50.
New York. Dec, 26-The total consolidated
netrecelpts at all the ports to-day were 5S574
oaIeS; exports toGreat Britain IA 98 bales, to
the continent 5,775 bales; to France -
bales; stock / ,220 1854 bales.
Total so far this week: Net receipts 1871 333
| bales: exports to Great Britain 4.l57 bales
to France $3.50 bales to the continent 5.775
bales.
New Orleans, Dec -Cottonfutures closed
steady. with sales of 6O,3O0 bales, as
: follows; December g, January lie, Feb
ruary 2ic, March 34c, April ACC, May sec
June Coo, July CSC
Charleston, Dec 26.-Market quiet; mid
ding f7sc; low mldohng CSC; sales 800 bales.
Cotton.
New York, Dec. 23.-The total visible
supply of cotton for the world is Ass 1870
| bales, OF which 4,OoI 800 bales are American,
against 4,34l ,325 and 3941, s25 bales, respect
lively, last year. Receipts this week at all
| interior towns $780, 86 bales. Receipts from
plantations 300 1853 bales Crop in sight 1904 ,751
| bales.
New York, Dec. 26.-The Suns cotton re-
| port says: Large receipts at the ports and
| a general expectation of another heavy total
| for the week. together with fair receipts at
| some OF the interior towns and selling for
| American and European account. caused de-
! cline OF about 10 points. There was a. Holt
| day in Liverpool, The question OF the future
| OF prices Will depend on the receipts. Every
| body is astonished at their magnitude. The
estimated reefs at New Orleans tomorrow
are $4,000 to % 900 bales against 100.last year
| Sales 100000 bales. There was holiday in
| Liverpool and New Orleans declined points
| Spot cotton here was 1-16c lower, with sales
| OF 100 bales for spinning and 80 on specula-
| ton, with deliveries on contract 800 bales.
| There was decline of l-1601sc at four of the
| southern markets. New Orleans sold 5000
aleS The receipts at the ports today were
| 81. 263 bales against GA SOB this dav last weeE
| and rs, 329 last year. Total thus far this week
| i1e,022, against 1565i9 thus far last week"
| New York, Dec 26.-Riordan g. Co. say Of
| cotton: Too much cotton was the cry with
! which the market opened to-day after the
| three days holiday. Though the days re-
| celpts were comparatively moderate. the fore
| cast of the movement for the week was APP
| palllng March opened points lower, at
| 7.b9c, rallied TO 77Ic, when the small .elpts
| at Norfolk were posted, but upon the an
| nouncement of the enormous receipts ex-
| Le,ted at New Orleans tomorrow the i'm
provement was lost and March sold down to
z Csc. The shorts covered good deal In the last
hour and the close was steady, with 7.6S bid for
| March. The impression seemed to prevail
among the traders after the close that the
market would be higher tomorrow. That
Will largely depend upon how Liverpool shall
respond to our sharp de line; but whether
| prices improve or not, we do not believe that
any advance can be sustained until the move
ment OF the crop has become decidedly
smaller
New York. Dec. 26-Atwood Violet &
Co say of cotton today: Our correspond
ents, like those Of all houses having a souCh-
ern constituency, have anticipated that this
week would usher in the beginning of a
smaller movement at the ports, but the re-
ceipts OF Saturday, yesterday and to-day,
while somewhat less than estimates, are still
of a size to discourage the buyer and give
more announcement TO sellers, and as result
! this market is 8 to 10points lower than Fri
days closing prices. The amount that was
in sight according to the New Orleans Elk
change on Friday last was about 10000
bales and with port movement of $4,000
bales if not more, it should give about 900
to $40 900 bales to come into sight this week
and therefore bring the total amount in
sight on Friday next very near
100000 bales. The figures therefore
indicate only 10000 bales must come
into sight hereafter to make 7,0)JO00 bales.
Whether it will be that much or more is now
the question. We have made only one estl-
mate and that in October, namely, 100000
bales maximum, and still adhere to it. In
ether words, that it will not be more than
that. and how much less, the next few months
will show, though the figure so Tar as indie
ted by the returns embraced in our crop circu-
lar OF last week would indicate crop under
~ o. OO1 bales. The feeling naturally is that
Liverpool will be considerably lower to-mor-
row but If only slightly lower, we shall i'm
prove here from the decline since
Friday. The bulls are naturally
Uimid about buying. inasmuch as the long an
tieipated light movement does not materi1lize.
should Liverpool show mu h discourage
ment it would naturally assist the market to
a lower plane. The movement, however as
everybody realizes. is the controlling in
fuence. and especially as our southern friends
still write of an expected rapid decline in re-
Ceipts. The port movement since Friday, in
Guiding to-day, is ll7.00O bales, against 10000
bales last week. and 81 OC0 for the same three
days last year. New Orleans estimate for
receipts there 10 morrow is 5000 bales,
against 100 bales last year, and 260)0 bales
at all the ports last year for TO morrow.