The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-11-26

United States As. registered. ...........Ii3
United states As, coupons ................ll3
United States IS, registered ............. 81
asked. ibid.
New York. Nov. 25.-The weekly state.
ment OF the associated banks, issued by the
clearing house to-day, shows the following
changes;
Reserve increased observation-disclosures 364 200
Loans decreased Observation-Disclosures. 346S $40
Specie increased --.... .............. l,O1Y,3OO
Legal tenders increased. ............. 4,a52.S0O
Deposits increased. ....,...... 10 81, 800
The banks now are $40 SIS. lis above the re-
quirements OF the p per cent. rule.
Cotton.
Liverpool, Nov. p. noon-Cotton. mod
crate demand; freely met; prices steady;
American. ZOO bales; speculation ana ex-
port 500 bales; receipts, 100 bales: Amer
lean 1900 bales. Futures opened steady; de-
mand moderate.
Futures-American middling. low middling
clause: November 4 24-6id; November and
December 4 246+I4 25-6id; December and
and February, 4 % -6tG54 2i-6Id: February and
March, 26-64Ca4 y. 6+d4 26-6id; March and
April, ie76i6G4 2664Gf 4 37-6id: April and NAV.
29-6tG4 Is cid; May and June, 4 S0-6474 20
6+9i SOtAd; June and July, 3i-64G4 S26id.
Tenders none,
m.-Cotton. American middling. l5-1ed
good middling, 4Sd; middling, 4%d; low
middling 5'Sd; good ordinary, 4iid; ordi-
Futures-American middling low middling
clause: November, 4 2i646t4 25-6id Novem-
Der and December, 4 23-6i04 24-6Id; Decem-
Der and January, 1 2364d, buyers; Jan
uary and February, - 64d, sellers; Fehru-
AIRY and March 25-6ld, sellers; March aud
April, 26-6id, sellers; April and May, 27-6id
2s-64d; Mdy and June, 29-64d, value; June
and July. 3l-6id, sellers. Futures closed
barely steady.
New.York, Nov. %, noon,-Cotton contracts
opened steady at iGl2 points decline. fell SOC
Al : In Is faN.
day.
New York, Nov e5.-Cotton futures opened
steady, as follows; November 9ec; Decem-
Der, & 00c; January, & ole; February, OSc
March l6c; April, &c.
New York Nov. p, 4 p. m.-Spot cotton
closed easy; middling uplands SAC; mid
ding orleans s5sc; low middling 7ll-l6c;
sales 1873 bales.
Futures closed steady, with sales Of 100. 200
bales, as follows; November 7 96c: Decem-
Der. OOc January, Ole; February, & '0sc;
9 3sc; July. s 44C.
New York. Nov, 25.-The total consolidated
netreceipts at all the ports to-day were So $50
bales: exports to G reat Britain u 40 bales to
the continent 1850 bales; TO France -
bales: stock 06l CSC bales.
Total so far this week: Net receipts SO 5ss
bales; exports to Great Britain 81 100 bales
TO France - bales, to the continent : $50
bales.
New York Nov. 25-The total visible
supply OF cotton for the world is 3793 qss
- e. y N.
against 1913 .237 and 1921 237 bales, respect
lively, last year. Receipts this week at all
interior towns 2l33l2 bales Receipts from
plantations 3120l9 bales. Crop in sight 8 49i5s0
bales
New York, Nov 25.-The SUMS cotton re-
view says Large receipts at the ports,
expectations of liberal receipts during the
coming week, and unsatisfactory adVices
from Liverpool caused lower prices here to-
day. The market closed steady at a decline
OF to points, with sales OF i00,2UO bales.
people in Texas had estimated the crop
in that state at 10000 bales, and that had
more or less depressing effect here and
abroad. Liverpool showed no change, and
closed barely steady, with spot sales OF s 900
bales, There was o holiday in New Orleans
a net decline OF l-l6c took place in the spot
quotations at four OF the southern markets
and Now York. Spot prices were depressed,
changed. Receipts at Houston were
7.l10 bales, against 53l7 bales
this day last year. The receipts 1T New
Orleans on Monday are estimated at Q 900
bales, against 5000 bales on the same day
last year
New York. Nov. 25.-Rordan & Co. say Of
cotton: The decline in cotton eliminated
on Monday last, when January deliveries sold
at ire AS If to confirm the saving that
There's luck in odd numbers, that price
proved TO be the turning point. Since then
there has been substantial advance, s.1Oc,
having been paid for January on Thursday
But realizing sales and the uneasinCss caused
by the continued large movement Of the crop
have checked the rise and caused a consider
able reaction. OurOpcntng to-day was only
trifie lower than Yesterday closing, January
selling on the call at S.0Sc After the call
the market for a time was firmer. but I'M.
cAp1ctedly heavy port receipts chilled the
courage Of the bulls. a little later a report
was circulated that railroad officer in New
Orleans had estimated the Texas crop at
100000 bales, whereupon prices broke sew
eral points. January declining to cents, 1t
aftcrward turned out that the Texas report
WIS received via Liverpool. and the scare
abated somewhat. The market found pretty
effective support at the decline, and the close
was steady, with sole bid for January.
March, which has now taken the place OF Jan
uary as the favorite trading month opened
to day at s23c ana closed at 8 l6c bid, After
the close there was more confident feeling.
Bidders were offering sole for January
and 8.19c for March. We sstill cling TO the
opinion that the crop Will turn out nearly IL
not quite half million bales less than Neill's
derstood to pin its faith. IL we arc right a
good advance will certainly come sooner or
later. The trouble just now is that the
market, which was greatly relieved by the
recent heavy liquidation. Is already becoming
tOp-heavv again, with the purchases Of en-
thusiastic southern bulls, Much OF this long
cotton Is sure to be thrown upon the ma flSet,
il for any reason there should be
a considerable break in prices. The
great auction sales OF manufactured cottons
this week have shown conCuSvely that the
country is bare OF goods. and the stimulating
effect upon the mills must soon make itself
felt in an improved demand for the raw ma
terial. but until receipts fall of the market
may continue nervous and unsettled For
the present we favor buying on slumps and
selling to take profits on moderate advances
We estimate port receipts for the coming
week a 2S5 eco bales. against 2l93i0 for the
corresponding week last season"
New York. Nov. s5.-Atwood Violette & Co.
say of cotton to-day: Although Liverpool
was no lower than last night and this market
fractionally better after the opening this
morning, u selling movement began owing 20
New Orleans receipts Of 1900 bales against
900 bales estimated for to-day and s. 300
bales last year. The movements at other
ports were also large and the total for today
indicates AZ 900 to 5000 bales against 80 400
bales last year. The sensitiveness OF the
market to small or large receipts is quite as
prOnoUn led now as a any time this season,
and naturally h movement Is one to be very
closely watched, for the reason that we must
now show weekly considerable increase
over the corresponding weeks OF last year to
realize estimates OF 5000, 900 bales or Their
abouts The Chronicles figures OF to-day show
that the excess over last year is 30I.00J bales
or a total of 3494, 900 bales against
3. 100 900 bales last year. Our I'm.
formation from the south to-day cor
roborates more strongly what We received
yesterday and have been getting for some
time as to the small percentage of lint per
arce, and IL is well to bear In mind what we
have put before our readers frequently re-
100 pounds OF lint per acre which our reports
indicate as a maximum throughout the south,
the Yield per acre must be l15 pounds on Mr..
Npiil's acreage OF q 200 900 Dales to make a