The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-12-10
GOVERNMENT BONDS.

tennessee, dds. %
GOVERNMENT BONDS.
United states IS, registered. ...........1I4
United states Is, coupons. ...............i1 5
Un is,,. states IS resis'ered.'''''...'.is %
New York, Dec. o.-The weekly state
ment Of the associated banks, issued by the
clearing house to-day, shows the following
changes:
Reserve increased. Observation-Disclosures 46s525
Loans increased. Observation-Disclosures. 1858 800
Specie increased. Observation-Disclosures. so 200
Legal tenders increased. ,292. 100
Deposits increased. 54I5. 100
Inc banks now are S76.656i95 above the re- re-
qulrements OF the % per cent. rule.
Atlanta, Ga, Dee, 9-The clearings OF
the associated banks for the week were
Sl,G23,2s0.
Liverpool, Dec 9, noou.-Cotton, fair de-
mand; freely met with prices easier:
American middling, 4 5-16d; sales i2.000 bales;
American, II 200 bales; speculation and ex-
port, coo bales; receipts. 2i,OO0 bales; Amer
lean, 1900 bales. Futures opened weaker;
demand fair.
Futures-American middling fair, low mid
ding clause: December. lO6id; December
and January, 9-6ld also sod, also 8-G4d;
January and February 4 10 CAD, also CID
also Sold also 64d, also l0-6ld; Febru-
airy and March. 1850, also i0-6id; March
ana April, l2-5id, also i0-64d. also 4 Il-6ld,
also II cd; April and May, 14-64d, also
4 II Sid also 1 i5-e41 also l4-6id; May and
June, l5-6id also l46id. also l5-64d; June
aud July, l7-64d, also l6 3D. also l7-64d;
ders, none.
4 p. motion, American middling fair,
lll5d;. good middling, 49sd; middling, 44d;
low mlddllng, 41sd good ordinary, 1884,
ordinary, ID.
Futures-Ameriean middling fair low mid
ding clause: December, 1l-6id. buyers; De
cemher and January, il-6474 i2-64d; Jan
uary and February, ll-6iai l2-6id; February
and March 4 12.6I6.l 1854; March and April,
4 E}t4sgi "a sid; April and Nav. I5-6i0
4 1864; May and June, l7-6ld. sellers; June
and July, lS-646i4 l96id; July and August,
I 2l64d, sellers. Futures closed quiet but
firm.
New York, Dec. Q. neon.-Cotton contracts
opened steady at 4G5 points advance and
gained > a. points on steady Liverpool mar
ket, but fell on the heavy receipts, and closed
very steady at 547 points below yest erday
prices.
New York. Dec. o-Cotton futures opened
steady, as follows: December. 5se; Jan
uary. sc; February, 5sc; March, 75o;
April, Z Sc; May, Gle.
New York Dec. 9, 4 p. m.-Spot cotton
closed dull; middling uplands 1880; mid.
ding orleans lice; sales l61 bales.
Futures closed steady, with sales Of 1T5,4OO
bales, as follows: December 5Sc: January
Z t0c; February, CSC; March, Z zoe; April,
SIC; May, z sic; June. SSc; July, O4c; Au-
New York Dec 9.-The total consolidated
netreceipts at all the ports to-day were 454l
bales; exports to Great Britain 20 954 bales, to
the continent 6,03l bales; to France 10 466
bales; stock l,15T ,636 bales.
Total so far this week: Net receipts "a 5A
bales; exports to Great Britain 70 95i bales,
to France 1896 bales. to the continent 6031
bales.
New York, Dec. 9.-The total visible
supply OF cotton for the world is 4163 Ool
bales, Of which 100 74 bales are American
against 4.1Y2t53 and 1891, 253 bales, respect
lively last year Receipts this week at all
interior towns 2l4.lS bales. Receipts from
plantations 3SO,357 bales. Crop in sight $40
bales.
New Orleans. Dec. 9.-Cotton futures closed
steady, with sales OF $4,000 bales. as
follows; December loo, January 25c. Feb
ruary 3ic, March 4io, April sic. May 5Sc,
June G5c, July 75c-
New York, Dee 9-The Suns cotton re-
view says: There was an advance in the early
transactions owing to unexpectedly buUish
advances from Liverpool where the market
was unusually active on the spot, and where
futures we're not materially affected by the
decline here Of yesterday. New York prices
accordingly rose to points but the i'm
provement was all lost later on, owing to
large receipts at the ports, and tbs
last prices here to day were
to points below those of yester-
day though the closing was very steady. as
some think that it is time for a rally after the
recent marked depression. The sales here
to-day were 175 400 bales. showing a very good
business for Saturday. In Liverpool. futures
closed steady and without change from yes.
terday, while spot prices were reduced l-l6d,
With sales OF 1900 bales In New Orleans
futures advanced points early, but lost this
and declined to points later on. Most OF
the southern spot markets were Lice lower
while Baltimore fell I6c and Augusta lsaS-16c.
Spot prices were not changed. The sales
were 100 bales for consumption New Or
leans sold 700 bales. The most active point
was Savannah, whore the sales reached 3, 100
bales. The receipts at the ports reached A
5i4 bales against 48.002 this daY last week and
80 1872 last year. The receipts at New Orleans
on Monday are expected to be large, or about
170O0 bales, against 1886 on the same day
last year. The ports are expected to get an
other large total this week"
New York, Dee. 9.-RiOrdan & Co. say OF
cotton: The swollen torrent OF receipts this
week has overcome all favorable influences
and has resulted in a material decline in cot
ton, both here and abroad. To day, Liver
pool having sent Us more dlScOuraglng re-
port than had been expected the opening
was at rally Of 3 o. points. March selling
on the call at 7.s9c. little later 1850 was
| freely hid. but as FORT after port posted fig
ures Of receipts in every case in excess of this
gay last season, The crushing weight was
more than the market could stand. Prices
gave away at first slowly and stubbornly. but
when March had declined TO 1865, stop
orders were reached and long cotton
was thrown upon the market in large quaint
ries, and in a very few minutes had sold
down to Tide. but buying to cover shorts by
some OF the leading bears checked the decline,
and the close was very steady with 1.15c. bid
for March Almost eVeryi odY here believes
that there is q point at which the decline will
stop ana pc followed by rapid ana material
advance. This impression seems to prevail
as generally among those who think the crop
viii be 10000 bales as among those who he
lieve that 6500000 win be aSout the right
figure; but there is q very wide oil
vergence Of opinion as to when the turning
point will be reached. The bulls insist that
the closing prices Of to-day represent bot
tom" but it is only fair to add that they have
said the same thing after every sharp de-
cline that we have lately had. The bears say
that the market will not turn until there is a
great shrinkage of receipts and until the
owners of the bulk Of the long interest, with
which the market is still top-heavy,
have sold out their holdings IN disgust.
With the present outlook, we fear that
there is too much truth in the latter view, but
the situat on Just now is o very criti al one.
and a sudden and startling change in either
direction is very possible. We advise our
friends to keep close to shore until the re-
ceipts shall have thrown further light on the
crop prospect. Port receipts for the coming
week are varlously estimated Ut from 1900
to 215, 90 bales against 20!l35 for the same
week last year
COTTON TABLE.
Tone. Mid. Rec. Sales. Stock
Norfolk " quiet 1916 2,58s 9l7 ios,666