The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-12-02

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/ but sold of on local realizing, and are now
| Sll4 points over Wednesday
New York. Dec. Cotton futures opened
/ steady, as follows: December, 99c Jan
uary, 0Sc: February, l5c; March, 2lc;
| April, gle May, s 35c
| New York Dec /, p m.-Spot cotton
| closed dun: middltng uplands l-l6c; mid
ding orleans 5-l6c; low middling 9-l6c
sales 1851 bales, including 1900 bales held
| on contrcct.
Futures closed steady. with sales OF 1913. 100
| bales as follows: December. ole: January
O0c; February, $ l2c; March S lSc;. April
; &c; May, 33c; June, 4Oc; July, i6c; Au
gust, c.
New York. Dec The total consolidated
bales; exports TO Great Britain 2a,956 bales. TO
the continent l0i6f bales; to France Is
bales; stock l1IO.5lO bales.
Total so far this week: Net receipts 297 qs2
bales; exports to Great Britain 1871 or bales,
to France $3.50 bales TO the continent 53,04i
steady, with sales OF $1,000 bales as
| follows; December ste. January &C Feb
ruary Z SOC, March sSc, April 96c. May Ole,
June lie
New York. Dec. THE Suns cotton ar
ticle says: An advance in Liverpool, small
receipts at New Orleans. a falling on in the
movement OF the crop to interior towns and
some new local buying, caused an advance,
but there was no activity in speculation. The
closing prices however. were to ) points
above those nj the close Of Wednesday. The
ceipts at the ports. Sales l237O0 bales Liv-
erpoOl advanced ( to A. points lost some Of
this and closed barely steady, with spot sales
OF 10000 bales at unchanged prices. In Man
chester yarns were irregular and cloths
quiet. New Orleans advanced 10 points
and then reacted The receipts at the
ports were A. 10 bales against i}.3t7 this day
last week, ana 20, las last year Total for the
week, 292 1914 bales. against 2si 796 last week
and 2i9.3l0 this week last year. Receipts at
interior towns for the week were 97,733 bales
against lOf AS last week and 1906 6S5 last year;
shipments, 1892 bales, against l22 1872 last
week. and 81 O3S last wear; stock 343
bales, against S25 216 last week and Sl4 S62
last year. Spot prices here were unchanged,
with trade quiet. Sales III bales for spin
ming. Deliveries on contract, IL, 100 bales. The
New Orleans receipts tomorrow are estimated
at II 900 to II 600 bales against 10 537 the same
Gay last week and T., ISL last year There was
an advance OF l-l6c at three Of the southern
markets. New Orleans closed firm. with spot
sales OF l!,E0) bales The exports from the
ports for six days are lO5056 bales to Great
Britain against ll4,S57 during the same time
last year; 81 80 to tho continent against -,
lob for the same day las wear. and 3 291 TO
France against 1882 for the same day in
New York Dec. l.-Riordan & Co say Of
cotton, The Improvement in Liverpool yes
terddy ana to-day brought in numerous south
Crn buying orders. and our opening was at an
advance OF II points, MarCh selling on the
call at s-3c. The rort receipts were again
full, and after the buying orders had been
mica Lnc market declined. Az one Time prices
were quite weak, March rcactng to Sl2C
But the interior receipts came in lighter than
had been expected, and the interior stocks
were but slightly increased showing that a
large proportion OF the port receipts con
sisted of cotton that had already come into
sight This again changed the temper of
speculation, and March rallied to S.i9c, The
close was steady. with SlSC bid for March. II
Liverpool continues firm. we are likely to 20
higher here. But the American sptnncrS
seem lStless about buying, except from hand
to mouth. and unless we have announcement
from abroad the hopes of the bears that
March will again go below &c may be realized.
We still think well OF cotton, however in the
long run"
New York, Dec. Atwood Violet & Co.
say OF cotton to day; If Mr., Neil and his
following don't stop these reductions in re,
Celpts and stocks. the foreign spinner will
soon be asking for an exp anation, and the only
one that we can suggest to he made to the
spinner Is that the southern planters would
insist on not making as much cotton this year
as the crop estimates have insisted that he
must make in order TO realize their figures,
We venture the assertion that their next
Joint account estimate will be reduction. A
noticeable feature has been that the falling
OF is general from North Carolina TO Texas,
ana as Dallas and Brennan have lost l!O)
and ZOO bales OF their stocks, respectively,
IL is pTesumable that the remaining points
not weekly reported have lost in the same
proportion. We may he mistaken in the fol
lowing impression, but IL strikes us that the
Shi pmCnts next week are not to be as heavy rs
those Of the week ending to-day. That the port
movement will have to depend very largely
upon the plantation movement proper, II the
time ever comes in the near future when the
falling or looks permanent We call daily at
tcnton to the brilliant figuring Of this crop in
the month OF October OF the people whose
estimates have resulted in driving the spinner
largely out OF the market with "A resulting de
cline. The correspondence Of our New Or
leans and New York firms, which is as large
and general as that Of any one house con
neCted with the trade. Is most pronounced to
one point, and on which we Jay more stress
than upon receipts, present or prospective,
and that Is what is the Out-turn of lint per
acre in the locality or section or the state OF
our correspondent and we can find nothing
that leads us to believe in n
production over los pounds to the
acre, and yet it requires Ia pounds TO
make a ,0O00lO bale crop, We will allow for
mistakes and OvCrSights, but even then the
great as to make such estimates appear ride
uOuS. The crop iettOrs are weakening he
cause the latest development in that line was
telegram received here to-day, offering
to 1 that the crop would he Z $4,000 bales. IT
looks as though they were irving to hedge
on bets made on higher figures. Liverpool
today closed "A ont q nts better than We'd
uesday. This market points pcttcr. The
English and continental spinner should,
after the development OF this week buy act
ual cotton more freely, and unless the Italian
financial troubles prevent. it may he real
lied at Liverpool. A great many are sltcp-
tical as to continuance Of light interior
movement, and this has kept the market
from improving to-day as much as the Liv-
Crpool advance justihel.'