The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-11-10

NOttu Aul II 10. > 90 pref II
GOVERNMENT BONDS.
United States Is, registered ....,......Il2il
Dnited states As, coupons ............ll24
United states AIS, registered .....-..... 80
STATE BONDS.
La. stamped As. O.. 95ta Tennessee, olds.. 80
Tenn, new set. IS 100 Virginia centuis. sea
Tenn. new set. % 100 do deferred. 6
Tenn, new set. IS. 6S15 Alabama A.. 90
tSoItnC dFO!!uao S I'D 40 B............. ~
NorthCarolina IS 81 do C............. o.
) G. Browns. do currencies... 81
*Asked. ibid.
liverpool, Nov. 9, noon-Cotton, demand
moderate; freely met: prices unchanged;
American middling. 45sd sales 10 900 bales;
American, 1900 bales; speculation and export.
1000 bales; receipts, 10000 bales; American.
$4,000 bales. Futures easy; demand moder-
ate.
Liverpool, Nov 9, p m.-Spot cotton is
in moderate demand; freely met; American
mlddling 9-l6d The sales of the day were
lOml bales, OF which 900 bales were for spec
ulauon ana export and included 1900 bales
American receipts 200lO bales OF which
l4,SJO bales we're American.
futureS-American middling, low middling
clause: November, 4 % 64fI4 30 6fd: NoVem-
Der and December, 4 2S-6id4 29-64d. Deem
Der and January, 4 2S-64d4 29-6fd; January
and February. 29-64d4 3064d; February and
March 1 30-6+f04 31-64d: March and April
4 81 64d, sellers: April and May, 4 3S-646
346ld; May and June, 4 Bold buyers June
and July. 1864 "A 81 Gid; July and August
3s64G4 396id. Futures opened easy with
moderate demand, at unchanged prices to
l-64d advance and closed steady at unchanged
TO 2-6td advance.
New York Nov O. noon.-Cotton contracts
opened steady at unchanged to / point ad-
vance. fell 2Q3 points, but are now unchanged
from yesterday.
New York, Nov. Cotton futures opened
quiet, as follows November S PIC; Decem-
Der, DC; January, 25c; February, & 35c;
March. 8 4lc: April, & 4Tc.
New York, Nov. 9, 4 p. m,-Spot cotton
closed dull; middling uplands SIC; middling
Orleans sac: sales ll3 bales.
Futures closed steady at : to II points de-
cline, with sales of 123,0O0 bales as follows:
November, U5c: December, l5c; January
lSc; February, 26c; March, 8 34c; April
40c; May 4Sc; June. SIC.
New Orleans. Nov. Cotton futures closed
rarely steady with sales of Al 900 bales. as
follows November 63c bid, De ,ember y
al nc January Z S4617 SIC, February 900
94c March : OLA 0Ic. April 1905 lie, Nav
l7GcS l9c June 24IfS 25c
New York, Nov. 9.-The Suns cotton review
says: with rather liberal receipts at the
ports. an estimate for New Orleans tomorrow
of $1,000 to is 0)0 bales, against 900 on the
same day last year report that Neill Bros.
had raised their crop guess to 100000 bales,
ana an absence OF any encouraging adViceS
from Liverpool. prices showed depression.
and ended7 to II points lower for the day.
The spot markets at the south were generally
steady or firm at unchanged prices. Here
there was 3Cline OF Lice with sales of / Is
bales for spinning. In New Orleans prices
were weak. The spot sales were
4 900 bales. There was less activity in cotton
at the south The bureau report tomorrow
is expected to be bullish. but it is neutralized
by the liberal crop movement and the dullness
of speculation. The receipts at the ports to-
day were 81 500 bales, against 36447 bales this
day last week, and 20, 755 last year. In Man
chester, yarns were steady, and there was a
small inquiry for cloths. Houston received
$50 bales; St. Louis /, 81, Memphis .O2O and
Augusta .5S2 bales Receipts and crop esti-
mates govern the fluctuations. The closing
here was steady.
New York Nov. 6-Riordan & Co. say of
cotton: Liverpool to-day was disappoint-
ing, and though our market opened about one
point higher, the bulls felt depressed and in
the absence Of any considerable speculation
the market gradually sagged The receipts
were only moderately large, and this pre-
vented any serious break during the fore
noon. January, which had opened at S.25c,
met good deal of support at 8.24c. and for
time it seemed as if the decline would stop at
that price. but later the announcement
of large receipts at New Orleans tOmor-
row and report that Nell had increased
his crop estimate to 100000 bales, caused
heavy offerings, under which January broke
to S.lSc. The close was steady, at al o 1t the
lowest prices Again we feel bound to warn
our friends that the market is top heavy with
weakly held long cotton. Nobody can tell
how much Of this cotton may be forced upon
the market by the decline, and many lie ieve
that the effect viii be to drag prices down ~
points further when the liquidation has teen
completed However, the market will be In
a healthier condition than before to Justify
lasting improvement"
New York, Nov. atwood Violet g. Co
say OF cotton: With a port movement to dav
OF 3!C0), against 20 600 last year. and total of
10000 thus far this week against 230 900 for
the same week last year and Al 900 less for
the same number of days last week 1t does
look as though such movement would in
V1te considerable buying, instead of which,
however with no encouragement at Livec-
pool this morning, and more sellers tEan buy
ers here, it has been gradually easing mar
Retail day, and our closing is points under
yesterday. After ! o clock report became
current that Netll Bros would issue an
estimate of S,0O0000, but what there was to
base this rumor on, and still further. what
there IS at present to justify even an estimate
of74. we are at a loss to determine What
we and others know. who feel as we do that
the market should be better, but. at
the SAM time. it does not improve,
but has become weaker for several
days, and this. after all, is the practical
side of the situation. The market needs
some strong supporting influence, such as a
spot demand will give it, and but for the big
crop estimates the English spinner would
have been buying as much cotton as he was
buying thirty days ago An estimate how
ever, OF 7,7OO, 900 minimum issued six weeks
after the beginning of the new season has
deprecated the value of this cotton crop to
an enormous extent. in anvance OF any con
hrmatiOn of such crop having been grown.
The excess Of the crop in sight up to Friday
last, over last year for the same time was
10000 bales according to Secretary Hester
and we estimate the movement this week at
ABOUT $4,000 against 1888 900 last year. The
excess therefore since Sept. l. by tomorrow
will be say 10000 more than last years total
brought into sight of this crop but as the
movement laStyear was a light one the eX-
cess is now larger, and should be larger than
1t is. What the market needs to put
it higher for spots and then for
contracts is to have the consumers buy it,
and, in our opinion, he is making a mistake
because there is no pressure or weight of
stock anywhere in the south, and the weekly
movement tomorrow will show a smaller
stock at the ports and interior towns than last
year, as the exports have been 10000 larger
than for the same time last year. But as the
English spinner was taking at this time one
year ago 10000 bales weekly less than their
normal consumption, IL Is only natural that
this excess OF exports should exist, and but
for Neill Bros estimate American stocks
would have been relieved still further Liver
pool IS in control Of the situation to q large
extent. The government in is report for
November until last year. usually made men
ton Of the amount of lint per acre. a id If this
is done tomorrow in its expected report IL
should show weight OF bales less than last
year up to Nov. l. because Secretary
Hester shows that up to that date the weight
was : 34lO0 per bale less for the whole crop.
This ordinarily would be a bull feature
whether it will now or not remains TO be
seen.
COTTON TABLE.
Tone. Md. Rec. Sales Stock
Galveston. Quiet : 1916 5.0l9 6S3 1856 4j
Norfolk STEADY ~ 1929 663 7),3C3