The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-12-07
STATE BONL
GOVERNMENT BONDS.
Cotton.

Cotton.
Liverpool, Dec 6, noon.-Cotton. fair de-
mand; freely met, prices favor buyers; Amer
lean middling, AID; sales l. 900 bales; Amer
lean, 1000 bales; speculation and export,
l 600 bales; receipts, 4 900 bales; American
10000 bales. Futures opened steady; demand
moderate.
Futures-American middling fair low mid
ding clause: December. 1G6id: December
and January, 1864; January and February
l66id, also l7-6id; February and March
lSGld March and April, 4 2l-64d. also 4 49,
sid; April and May, % sd, also I 81 sd /:
May and June. 4 24-64d, also 23-6ld, also
226id June and July. 4 24-64d; July and
August, 25-64d. Tenders 100 bales new dock
cts.
p. motion. American middling fair,
4 l3lSd; good middling, 41sd; middling, 42sd:
low middltng, 414d; good ordinary, 4lsd; ordi-
Futures-American mtddling fair low mid
ding clause: December, l5-6id, sellers; De-
cemUer and January, l4-6+d4 l5-64d Jan
uary and February, 15-6id, sellers; February
and March4 16-64d, sellers; March and April
4 l7-64d, sellers; April and May, 1s-6469
l9-64d; May and June, 20-64II4 q -64d; June
and July, 22-04d, sellers; July and August
23,6A34 2464d. Futures closed quiet, but
steady.
Manchester, Dec. 6.-The Guardians com
mercial article says: The market Is slightly
easier. A concession Of iEQld. per piece Is
often obtainable as a result OF the free offer
ing OF cotton at Liverpool and drying up OF
the eastern demand The tendency of prices
Is SLOWLY DOWNWARD. MAnQIaCtQreFS from
necessity are Offering inducements to sell
goods, except common and lower medium
shirtingS, on which good margin of profit Is
obtainable. The best China shirtings are ne
elected. Prices are beyond the reach of the or
binary consumers. American crop yarns are
SLOW, and prices are lower, especially where
there is a pressure to sell. There is some talk
of mills shutting down"
New York. Dec. Q. nOOn.-COtton contracts
opened steady at l6I2 points advance. gained
506 points on rally at Liverpool, and are
now 5Qg6 points over yesterday.
New York. Dec. Cotton futures opened
steady, as follows: December, Z S5c; Jan
uary, S6c February, 92c; March, Z 99c;
April O6c; May, l4c
New York, Dec. g. 4 p m.-Spot cotton
closed dun; middling uplands l5-l6c mid
ding orleans 3l6c; sales 6l5 bales.
Futures closed steady, with sales OF 144, 300
bales, as follows: December. e3c: January
Z SIC; February, Ole; March, 98c; April
8 Csc; May, l2c; June. 8 l9c; July, s 25c; Au-
gust, &c.
New FORK Dec, 6-The total consolidated
netreceipts at all the ports to-day were 1864
bales; exports to Great Britain II ABB bales to
the continent 734S bales; to France -
bales; stock 1879 AL bales.
Total so far this week: Net receipts 211 1928
bales; exports to Great Britain 72,5l2 bales
to France 1887 bales, to the continent 1868
bales.
New Orleans. Dec. G.-Cottonfutures closed
STEADY, With sales Of $500 bales, as
follows December SEC, January 4sc. Feb
ruary 5Sc. March CSC, April : 15c MAY : SIC
June sac, July SIC.
New Orleans Dec. 6-Thc following is the
semi-weekly cotton movement at thirteen
leading interior towns: Receipts. 81. 1876 bales
against 95,00l bales last year: shipments. So.
400 bales. AGAINST II ,69l bales last year: stock
339. 01s ales, against 1924 60S GALES last year.
New ork Dec 6.-'ihe Suns cotton re view
says: An unexpected decline in Liverpool
and continued large receipts at the ports
caused decline here OF to II points. The
close was steady. with prices to 8 points be
low those of yesterday. Advices from Man
chester were unfaVorable. The future prices
hinge on the crop movement, which. some
think. viii fall off before long, but at the pres
ent time is Enthusiastically large. Sales Of
l4l300 bales. The Liverpool market declined
2ls 10 points. closing easy. with spot sales OF
1900 bales at unchanged quotations. In
buyers of cloth offered less. New Orleans
was to points lower. Spot prices
here were l-l6c lower. with sales
of $40 bales for spinning ana deliveries
of 400 bales. There was a decline OF 1-16c at
six Of the southern markets. New Orleans
sold 1900 bales. The receipts at the ports
were 45 .h64 bales, against 3s 4S5 bales this day
last week and 35 692 bales last year. Total
thus far this week 2li 1928 bales against 207.-
563 bales thus far last week. Exports from
the ports were II 433 bales 10 Great Britain
and .3i8 bales to the continent New Orleans
receipts tomorrow were estimated at 10 900
bales against 1851 bales the same day last
week and 1l0a2 bales last year
New York Dec 6.-Riordan CO. say Of
our rally and the firm closing of yesterday
was a wet blanket upon the enthusiasm Of the
bulls, and when the re, epts came in again
heavy the whole Of yesterdays advance was
lost and prices we're reached lower in some
cases than the lowest of Monday last.
MstcA opened at 1890 and defined to 1850.
Ian Iary declined to isle Covering by the
shorts caused slight rally in the aftel )on.
Tne close was steady with 1890 biu for
March. The bulls are clinglnR to the relief
that the crop Is small and has been m Irketed
with sxampled rApidity ana that sometime
this month we Shat see a sudden and perDen-
dicllar drop in the movement of the new
cotton. The bears take the position that
lying about the yield OF cotton
in the south as the receipts are
daily showing and that the total
outturn may exceed the largest estimates.
Time alone can prove who is right. Mean
time the key OF the situation is TO be found
in the market for SPOT cotton. Spinners are
now buying very sparingly and we hear that
cotton in large. guam tiles is being offered
from points in the interior at considerable
concessions from ruling prices A sudden
Snr.nkage in receipts might change the
whole situation in a twinkling, but rs long as
the torrent Of cotton keeps pouring into the
announcement either for Spinners or specu-
lators to BUY and the chances are that prices
VIII 90 lower"
New York, Dec. atwood Violet & Co.
say Of cotton: Liverpool improved Toint
this morning. with spot sales Of 1900 bales.
and doubtless would have sustained II and
perhaps done even better had not Neil re-
p1atcd their minimum estimate Of 7.TODUJO
uales, the original Of which WIS issued some