The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-11-19
STATE BONDS

North Carolna6s lis Va. Fund'g Debt 52Is
Tennessee, ODDS. 50
GOVERNMENT BONDS.
United States As, reg stored. .......... Ii9it
United States Is, coupons ................II9It
United states p, registered-............ glis
*ASked. ibid
New York, Nov. lS.-The weekly state
ment of the associated banks issued by the
clearing house to-day, shows the following
changes:
Reserve increased ................... S. 64 100
Loans decreased ..-.....--.-..-. 90. l.253 200
Specie increased NEUTRALITY-SUSPICIOUS.. 1.21glO1
Legal tenders increased .............. S5gS 400
Deposits increaSe 3 g44 200
Circulation decreased ...- on .-....-.... 2sg1
The banks now are S65450475 above the re-
quirements OF the p per cent. rule
Atlanta, Ca, Nov. iS.-The clearinEs of
the associated banks for the week were
Sl49372.
Cotton.
Liverpool, Nov. is. noon-Cotton. moder-
ate demand; freely met; prices unchanged;
American middling, 7-l6d: sales 8 900 bales;
American. 1000 bales; speculation and export
1000 bales; receipts, 5000 bales; American
1890 bales. Futures opened easy; demand
freely supplied.
Futures-American middling low middling
clause: November, 4 22-6ld; November and
December. 20-6404 2l-6id: December and
January, 24-6AC14 % Cad; January and Feb
ruary, 1 21-64Gll % Gid February and March
4 23-64Q4 22-64a4 2l-64d; March and April 4 p
6404 2464d4 p 64d; April and MAY 4 25-6l0
4 "a 3d. May and June, 4 216iU4 26-6id; June
and July, 4 27-64Y14 2S64d.
p. motion, American middling 4Td:
good middling 9-l6d; middling. 7-l6d. low
middltng, 5-l6d; good ordinary, I3l6d; ordi-
nary, 4d.
characterization middling low middllng
clause: November, 4 l9-64614 2O-6ld: Novem-
Der and December, l9-64d sellers; Deem
Der and January, l9-64d sellers; Jam
uary and February, 19-646t4 206ld; Febru-
AIRY and March 20 64a4 216id; March ana
April, - cd sellers; April and May p Gid
buyers; May and June 1 25-64d buyers: June
and July, 4 27-64d, sellers. Futures closed
barely steady.
New York Nov. 1s-Cotton futures opened
steady, as follows: November, c: Deem
Der, CSC; January, ole; February, & 09c;
March, lie; April, 25c.
New York, Nov. Is, p. m.-Spot cotton
closed easy; middling uplands Lice; mid
ding orleans 5-16c; low middling ll-l6c;
good ordinary &c; sales 9OS bales.
Futures closed easy, with sales of 1911 500
bales, as follows: November. sic: Deem
Der, Soc January, Sc; February, 9Gc;
March, s 04c; April, l2c; May 8 l9c; June
Pee.
New York. Nov 1s.-The total consolidated
net receipts at all the ports to-day were ~ .217
bales exports to Great Britain - ga bales. to
the continent $50 bales; to France l2.577
bales; stock l030 992 bales.
Total so far this week Net receipts t. 217
bales exports to Great Britain a ga bales
to France l2,577 bales, TO the continent 1,G50
bales.
New York, Nov ls-The total visible
supply of cotton for the world is 3.6is 35I
bales, of which 3242 1854 bales are American
against 3,711O6S and 3.3S6,O6s bales. respect
lively, last year. Receipts this week at all
interior towns 227437 bales. Receipts from
plantations 345OS6 bales. Crop in sights, 1000
bales
New Orleans Nov. IS Cotton futures closed
steady, with sales OF 10000 bales, as
follows: November &5c, December Z SOC
January 55c February 65c, March DC
April SIC, May 90e, June CSC
view says: "Prices0deelined "A to 10 points
here. Instead of an advance at Liverpool as
was expected; that market declined points
Other weak features were the continued lib
eraI receipts at the ports and interior towns
and the dullneSs Of trade. The SPOT sales in
Liverpool to day were 5000 bales. 1T is
feared that the receipts at the ports during
the coming week will again be large The
dominant feature is the comparatively large
crop movement, which has an adverse effect
on cotton markets at home and abroad. Spot
prices here were / ice lower, with sales of 30
bales Tor spinning, The receipts
at the ports were 42,2l7 bales against
39,50 bales this day last week and "a 92l bales
last year. The southern spot markets were
quiet. New Orleans and alveston were weak
at unchanged prices AT eight OF the southern
markets there was decline. in most cases of
lice, but Charleston fell lac Houston re
celVed S,6lV bales against S,443 this day last
week and 1864 last year, and Memphis 4 ,l79
against 1925 last year In New Orleans
futures were lower. The exports from the
ports today were PAS bales to Great
Britain, II 664 to France and 1865 to the Con
tinent. New Orleans sold 200 bales TO-DAY
The receipts there on Monday are estimated
at 10, 900 bales against 10 600 bales in the same
day last year.
New York, Nov. 18-Riordan & Co say of
cotton: "A crop movement which shows no
sign of Slackening, dropping prices and fur
Their enforced liquidation, have been the feat
ures OF the cotton market during the week
just ended To-day, Notwithstanding the set.
Element Of the great coal strike, Liverpool
was weaker, and at our opening there was an
evident pressure to sell out the cotton that
was bought during the reaction of Yesterday
January opened at decline of points, he
first sale being at 95c. After the call there
was rally of a few points, January being
bid up to 1850. but southern orders to sell
out long cotton suddenly changed the
tone of the market, and a sharp decline
followed, which was accelerated by the execu-
tion OF stop orders, January selling down to
Ts8c. The close was easy at the lowest
prices of the day. OF course, two dis
tinct sets OF opinions prevails
as to whether or not to-day's
closing prices approximate bottom but the
bulls and bear operators, however they may
differ on other points, seem to coincide in the
view that whatever further decline NAV occur
Will be due exclusively to the inability OF a
multitude of holders to margin their ven
lures further. The bulls claim that the liqui-
dalton has already been very large; that the
weak longs have all been shaken out; that
the stock lately held by them has
=.
and that a good recovery may now
be expected. The bears insist that the
liquidation has only begun, and that it will
not he anything like complete until January
has touched 1.5Oc. but as a matter of fact
neither the bulls nor the bears feel half as
confident they talk. If the volume of re
celptS during the coming week should con
tinue to be very large we fear that prices
must go lower. But we hardly think that
cotton can now be very far from the turning
point. and whenever that shall ne reached we
look for lively advance. Port receipts for
the coming week are estimated vt 28O O0) bales
against 253,OOO for the same week last season. "
New York, Nov. lS.-Atwood Violet d. Co
say OF cotton: The advance OF Yesterday
proved premature, and shows that il was
based upon sentiment entirely, because Liv-
erpoOl is more affected this morning by ficts
in the shape OF large movement than by the
prospect of obtaining their fuel at reduced
prices This, however, will not be felt for
everywhere in Great Britain Prices NAV
not be reduced to the normal until the supply
has been considerably increased. InfOr-
nation from Liverpool Is very meaVer
today, owing to violent storms on the irish
coast. Private cables, however. made that
market points lower A decline at the
opening Of points from yesterday was
followed by an improvement Of Has but grad
ually eased of until about five minutes OF the
closing. when an estimate Of New Orleans
receipts Of 1900 bales for Monday against
l0s 500 bales last year broke the market rap
idly, and final prices are Is points below
last night. The port movement however. for
Monday is not likely to be any heavier than
last year, which was 50 600: but the indica-
tions are that Liverpool VIII show the effects
OF this liberal supply by declining further