The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-10-25
GOVERNMENT BONDS.
Cotton.

liverpool Oct. 24.-NOOn-Cotton quiet
! free supply Offering prices easy; Amer
! lean middling, 43sd; sales 5000 bales;
| American, 1900: speculation and export,
! 500 bales; receipts, II 90 bales; American,
| 800 bales. Futures opened weaker, but have
| since became firm; demand fair.
| Liverpool, Oct. "A, p. m.-Spot cotton is
| quiet with free supply Of offerings; Amer
| lean middling 91Gd; sales 5000 bales of
| which 500 bales were for speculation and
export and included 7 200 bales American
Futures-American middling, low middling
| clause October, 2$64d value; October and
| November, 20 6404 276Id; November and
| December, 266id. sellers December and
| January 2664d, buyers; January and Febru-
| airy, 27-64d buyers; February and March,
4 ~ Sad, sellers: March and April, / 81 Cid,
! sellers; April and May, 4 32-64ll4 33-6id May
and June, 34-64d buyers. Futures opened
| weakar with a fair demand al 2-646l4 CAD de
cline, and closed firm at unchanged to 1-64d
| advance.
New York, Oct. 90 noon.-Cotton contracts
| opened quiet but steady at 6d9 points ad-
| vance, fell 203 points, rallied again, and are
| now lO01l points over yesterday.
| New York. Oct. 24.-Cotton futures opened
| firm, as follows: November, Ole: Deem
Der, 8 Ice; January, 8 zoe; February, 8 2sc;
| March, g 32c
New York, Oct 81, D. m.-spot cotton
closed steady, with &c decline; middling up
lands 7-l6c middling Orleans l-l6c sales
| 1O2 bales.
| vance, with sales of 2J9,s00 bales as follows:
| October, l2c; November l0c: December,
| 1870; January, 8 28c; February, 36c; March,
| 49c; April. SOC; May, & SIC; June. 64c.
| New Orleans. oct. 24.-Cotton futures closed
| quiet and steady, with sales OF $500 bales,
| as follows; October 75c bid November
| Z &c December 6797 $50, January Z $40
| 7 95c February 8 G2QS 03C March zoos lie,
| April 17Q18 l9c May 8 24l1S 25c.
New York, Oct. 24,-The Suns cotton report
! says: There was an early advance, owing to
the fact that Liverpool showed only very
! small decline in response to the heavy drop in
! prices here yesterday, and although there
| was subsequent reaction here, owing to the
| liberal receipts at the ports and some Of the
| interior towns, notably Houston, yet, the
| general drift of prices was upward, especially
| when report was circulated that
the repeal bill would soon be
! Europe were bullish New Orleans is ex-
| pected to receive 10000 bales tomorrow
| against l0,Sl5 bales on the same day last
week. The large crop movement however
| was offset by Washington rumors, predictions
| of cooler weather at the south and liberal
| covering by nervous bears. Prices ad-
| vanced IA to 16 points on near months,
| and l6 to 10 points distant months,
closing steady, with sales of 209 900 bales
| Liverpool declined l to y points. but recov
| cred this and in some cases advanced p to
| 4 points closing very 1y with spot sales
| OF 5000 bales. Private dispatches reported
! Manchester strong. Receipts at the ports
were 6S't27 bales against d $50 last
year; Total thus far this week,
! far last week. New Orleans advanced 15t
II points. Spot cotton here was quiet steady
| and unchanged with sales of PIP bales for
| spinning. New Orleans was firm. There was
| an advance OF lice at two Of the southern
| markets, and a decline Of 1sG5-l6c at four OF
| the southern markets. New Orleans sold
! 1850 bales. Exports today 5000 bales"
| New York Oct. 4 -Riordan 81 Co. say OF
| cotton: The cotton market to-day wore a
| more lively aspect than that of yesterday,
! and towards the close a decidedly more
! cheerful one. Liverpool showed a tendency
| to recover from the lowest prices, and our
! opening was at a smart advance, January
| selling on the call, at 5000. The advance
| brought in many Southern buying orders,
| which Stiffened prices somewhat, January ad-
| vancing to sac. But the receipts were heavy,
| as well as the estimated interior movement,
! and as soon as the demand Slackened prices
| gave way rapidly. January selling down to
| S.l6c, and for a time being freely offered at
| that price. A helpless fe cling was cropping
| over the market and further decline was
| generally anticipated, when the whole temper
of the ring was changed in trce by the news
! from Washington that the silver senators
had formally given up the fight
| against the repeal bill, and that It's
! early and unconditional passage was now
| absolutely certain. This lifted prices at
| once January shot up to 852e and in the
| last half hour the trading was lively, and the
| tone generally firm. Towards the last on
| realizing sales, prices receded a few points
| from the highest, but the close was steady,
| with 8.2Sc bid for January. II the
Senate passes the repeal bill, as
now seems certain, it will, I'M
questionably, have an immediate ana
lnVigOratlng effect upon trade throughout the
country. 1t must help cotton materially by
stimulating the home demand from spinners.
/ Whether this demand will he sufficiently
brisk to Offset the effect of the enormous
receipts now coming in is uncertain. But 1t
will certainly act as prop to the market and
check thC serious decline that might other
wise have occurred -