The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-11-14

! L'ville & Nash. AS w bash, =. L. & p. ~
Manhattan, 1867 western Union. s7ls
Memphis Char. 10 Wheeling s. L. f. 14a4
/ Michigan Central. 1904 do do pre-. so
/ STATE BONDS.
Alabama A.. es Tenn, new set. IS. 100
40 Is .--...-....-. % Tenn, new set. IS 1861
| La stamped As 90 Virginia 6s pref so
/ NorthCarOlina IS 944.Va. Trust Reefs S5
/ NorthCarolina 6s ll5 Va. Fund'g Debt. 522i
| Tennessee, olds.. 60
GOVERNMENT BONDS.
| United States As. registered. ...........1I2
! United States As, coupons ................I12
asked '''''' ibid.
| Cotton.
liverpool, Nov. ID. noon-Cotton, moder-
/ ate business at easter prices American mid
/ ding, 4Iad sales 10000 bales; American,
| 1000 bales; speculation and export. 500 bales;
/ receipts, 500 bales; American 700. Futures
/ quiet at decline; demand moderate.
| FutureS-Quiet at the decline; demand mod
! crate. American middlng, low middling
clause November and December, 4 24-6ld
| december and January, 2i64d; January
and February, 2i-6fd4 25-64d; February and
/ March, 2664Q4 25-64d4 70 sid March and
/ Aprll4 2f6id; May and June, 3O64d; June
! docket.
4 p, motion, American middling 4gsd;
/ GOOD mlddllng, ....; middling, ....: low mid
1 ding o.. good ordinary, ....; ordinary, ...
! tutures-American middling low middlng
| clause: November, 4 23-644d value; Novem-
| Der and December, 22-64@4 23-64d; Deem
Der per ana January, 22-6ia4 23-64d; Jan
! airy and March 4 24-64614 25-64d; March and
April 256id04 26 65; April and May, 34-6l
value; May and June, S9-6id, sellers
/ June and July, 4 306404 31-64d. Futures
/ closed easy at the decline
New York, Nov. -, noon.-Cotton contracts
! opened steady at l02 points decline, closed
! steady at Sac below Saturday.
/ New York Nov 19--(EOtfOn fufUrPs ODPDpd
| steady, as follows. November, &C; Decem-
! Der l2c; January, 8 lac; February, S2lc;
/ March pc; April s SIC.
New York, Nov. ID, p. m.-Spot cotton
closed quiet; middling up.ands 83-l6c; mid
ding orleans 7-l6c; low middling 7&c; good
/ ordinary ll-l6c; sales 4l9 bales.
! Futures closed steady, with sales OF l49,900
bales as follows: November. 8 Csc; Deem
| Der. Lei January, s l2c; February, lyc;
March PC; April, Sac; May, Ale; June
/ 8 47c.
Total consolidated net receipts at all the
/ ports to-day were 57397 bales; exports to
! Great Britain Is, SG3 bales, to the continent
... bales; to France 200 bales; stock $685.
New Orleans. Nov. 13-Cotton futures closed
steady. with sales of $500 bales, as
follows: November SOC, December 65c,
January use. February SSc. March &c
! April 05c, May l2c, June 100
J New York Nov l3.-The Suns cotton re-
| view says: Large receipts at the ports and
| decline in Liverpool of to points, caused
| this week are in some cases estimated at
| 100000 bales against 269,727 bales for this
week last year Prices at one time were
/ points lower, but later on, part of the decline
was recovered, owing to buying for short &C
count chiefly by local operators. The trad
ing was within narrow limits. . here
| were rumors of a high crop estimate
! from New Orleans cabled to Liverpool which
/ are understood to have caused the depression
| there though they had very little effect here
/ in spite OF the liberal receipts and the dull
] ne oF not in rntp bap Nv
! port sales in Liverpool were 10000 bales
! Manchester, however, sent more cheer
| full advices. In yarns there was an active
! demand, though cloths we're quiet. Spot prices
! here were reduced l-16c, and some of the
! southern markets l-1601ac lower. The sales
! here were ll9 bales for spinning. New Orleans
| sold 10000 bales. The receipts at the ports
| were 57,397 bales against SO, 632 bales this day
! last week, and 4S, ISL this day last year"
! New York, Nov. 13.-Rordan & Co.. say Of
cotton: Considering the weakness of Liver
pool and the heavy receipts, our market held
| its own pretty well to-day. January opened
| at s. 14c declined to csc rallied to S.l3c, and
closed at 8. l2c bid with the tone steady. The
Immediate future OF prices Will depend abSo-
| lutely upon receipts. If they continue to
be as large as they have lately been the mar
| lIet will go lower, and perhaps a good deal
| lower. If they become lighter prices will
! quickly rebound and the advance may be
material and lasting. Our statement
that we regard the market as
somewhat topheavy with long cotton
| short end of those long contracts. We an
| Swer that the cotton of which southern
| spectators are so heavily long, has been
| sold to them mainly on orders from parties
| in Liverpool, as a hedge against purchases
| of SPOT cotton in the south. They preferred
TO sell for future delivery here rather than IN
| Liverpool for the obvious reason that the
premiums or differences upon the winter
| spring months are far more attractive for
| speculative sales here than abroad. New
| Orleans operators. too have been generally
! ilb mr. pgrxr inn
| considerable short lines in this market
! New York, Nov. 13-AtWood Violet g. Co
| say of cotton: Everything that we can learn
directly or indirectly, points TO a'crOp OF only
moderate proportions and this IS confirmed
| by a large number OF people here and else
| where, as their advices are OF the same char
| aCter Therefore on what the 8,0OO,00O esti-
mates are based is not apparent but the effect
| is all the same. and more attention seems to
! be given by the market to such figures. not
| because they are believed by those who cover
! their longs, but because they are afraid that
! the influence will be to carry prices lower
and this was the feeling of the market this
morning. When prices were carried down g
points below saturday 5 closing all OF which
I were recovered, but Liverpool cable says
! that Neill Bros. will issue tomorrow or
! Wednesday further estimate of 800 900, and
perhaps the decline in Liverpool to-day OF 4
! points can be explained partly by this rumor
| Liverpool has declined the equivalent of 4
| American points today, against ,
! here. The parity must be restored
!
! or by a decline here We argue about
| the crop somewhat in about this way The last
crop was 600 go of WhichTexas made ?, 200 600.
| \ therefore, the remaining states made 4,5OO-
! 600. Allowing Texas three -fourths this year
maximum OF ,30)0JJ instead OF 100 900 less
which we believe IL to be, then the remaining
states must produce l,5OO.000 northern last
year to make q crop of 100000. Now any
body can do his own calculating, and make
out his crop accordingly. The daily move
ment continues naturally in advance OF last
year. 1t is very much better and likely to
be more profitable to pay more attention to
the daily and weekly movement than what is to
be the Out-turn ten months hence. Port receipts
to day are 5000 Gales against $1,000 last week
and 5000 last year We can only
repeat what we have several
times said recently namely that the market
onght not TO decline-but n does.
COTTON TABLE.
Tone. Mid Rec. Sales Stock
Galveston. Steady 1l-16 12lq3 sos 1904
Norfolk. Steady rs 1926 1886 1923
Baltimore. Dull Sls .... o.. 1880
Z Cr4ia