The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-12-06
GOVERNMENT BONDS.


Tennessee, ODDS. 80
GOVERNMENT BONDS.
United Estates IS. registered. ...........lt3
United States As coupons .-.............ll3
United States IS, registered ............ %
asked. ibid.
Cotton.
Liverpool. Dec. ). noon Cotton, moderate
demand; freely met; prices easy; American
middling, 7-l6d sales 10000 bales; Amer
lean, $500 bales; speculation and export. 50l
bales receipts, 1900 bales: American 25foO
bales. Futures opened steady; demand mOd-
crate.
Futures-American middliug fair. low mid
ding clause: December l6-6id December
and January, l5-64G; January and February,
l5-6Id, also 4 10 64d February and March.
l6-6id: March and April, l7-64d, also I Is
6td; April and May, 1854, also 2O-6id;
May and June. 2l-64d: June and July,
Bold; July and August, 2i6id. Tenders
none.
p. m.-Cotton American middling fair.
1864; good middliug, AID; middling, 4asd;
low middling 44d; good ordinary, i5sd; ordi-
nary, 4d.
Futures-Amercan middling fair, low mid.
ding clause: December, 17-64G4 lS-6id De
cemDer and January l7-6td4 iS-64d; Jan
uary and February, i1-6i(84 is-64d; February
and March i9-6id, buyers; March and April,
, 2O6id, sellers; April and May, 2l-6iQ
22-6id May and June, 23-64lt4 24-64d; June
and July 25-6id, sellers July and August,
25-6iQ4 27-64d. Futures closed quiet, but
steady.
New York, Dec > noon.-Cotton contracts
opened steady at l@l2 points advance. gained
5d6 points on a rally at Liverpool, and are
now 500 points over Yesterday.
New York. Dec cotton futures opened
steady, as follows: December, : see; Jan
uary, Soc; February, SOC March, 97c;
April, s O4c; May, 5 l3c.
New York, Dec. 3, p. m-SpOt cotton
closed duh; middling upands Sc mid
ding orleans slac; sales 10l2 bales.
Futures closed steady, with sales OF l6S 200
= follows DHHpyU her
: 92c February, J9c; March, 06c; April,
l3c; May, 2Oc; June. s27c; July. 33c; Au-
gust. &c.
New York, Dec 5.-The total consolidated
netreceipts at all the ports to-day were 81 6lt
bales; exports to Great Britain 1851 bales, 10
the continent 9,04S bales; to France 300
bales stock l115 l3l bales.
Total so far this week: Net receipts l65 76l
| bales; exports to Great Britain 6l0I9 bales
to France 1897 bales, to the continent 5030l
bales
steady, with sales OF 65,40O bales, as
follows December 43c, January : soc, Feb
ruary sc March T6c, April S3c, May T Gle
June Csc, July Csc
New York, Dec. 5.-The Suns cotton re-
! port saws The adYiceS from Liverpool to-
day were unexpectedly favorable to the bull
| interest, ana this fact, together with consid-
cradle covering of shorts, caused an advance
of to 10 points. The receipts are running a
! little behind those OF last week. The course
/ of the market. it Is believed. will be governed
| by the crop movement. which, ii is predicted.
will soon show a falling of. The close was
] firm. Sales 1B3,2O0 bales Liverpool de
| cllned l to points but recovered this
and advanced | point. closing steady with
/ spot sales OF l0,COl bales a { unchanged prices
/ In Manchester quotations for yarns were
/ barely supported. and offers for cloths were
scarce. New Orleans advan ed 8 to II points
! Spot cotton here was dull and unchanged,
with sales of 2l2 bales for spinning, and de
| liveries on contracts were 500 bales. There
l a do of III to gf fgTIF Gr1f han
markets. New Orleans sold 1900 bales. Re
ceipts at New Orleans tomorrow are esti-
mated at $4,000 bales. against 10Sl0 on the
same day last week. and 1889 last year. Re.
ceipts at the ports were 81 Gle bales against
90 i26 this day last week, and 1854 last year
Total thus far this week 1855 74 against 1889
07S bales thus far last week. The exports
from the ports. 1881 to Great Britain; 500
to France and 9.OiS to the continent"
New York, Dec. 5.-RiOrdau & Co. say of
cotton The first report from Liverpool was
| less discouraging than had been expected and
our opening was at slight improvement
The first sales Of March being at 1850 as the
| receipts came in showing no excess as com
| pared with this day last season. The bulls
| began 20 breathe more freely and to buy with
| less timidity, and prices advanced or
| points. But the feeling during most of the
! day was one OF extreme nervousness and
| doubt. March ductuat1ng freely between
! SdS.03c. The last half hour an advance al
| New Orleans encouraged the bulls and a fur
| Their gain of a few points took place. The
| close was quite firm, with & 06c bid for March
| 1t NAV be that We have at last reached the
| long expected turn in the market, and tina
| hencefOrward the tendency OF prices viii be
! upward. But we would caution our friends
agairs acting upon such theory. day OF
! two of receipts like those of Saturday 3nC
Monday would probably cause a selling move
ment that would send prices lower than ever
! Nothing less than several consecutive days
| of decreasing receipts will avail to give us an
| upward start that will attract confident anC
! general buying"
New York, Dec 5.-Atwood Violet Co
say Of cotton to day: The bear element il
| New Orleans and a very noisy one, is com
| posed of about five men, and we say this in
| defense Of the general feeling there, which i
| bullish. Their opinions are valuelcSs be
! cause with one exception. they were 1,75O.0W
| and 100000 bale men last year, saying which
nothing more need be said. AT the time
| their joint account estimates were issued il
| October. the movement became very free al
most Immediately after, and thus confirma
! ton has been given to some extent. OF thetl
! large crop announcements. Two of them have
| little or no country spOndence, and the
/ other three ignore what they have because
! there is only one character of crop repOr
/ that goes from the interior to anybody wish
! ing information concerning the cotton crop
! They still insist practically that the planter
! is fool ana does not know what he is talking
| about. when he says that he is not adding
| about 20 to 30.per cent. more to his crop thar
what he made last year. Their efforts TO de
! press the market would be laughaDle wcr,
/ uOt the consequences OF llRn CrOl
estimates SO serious in their effects upor
! the minds of the domestic and foreign SPIN
/ ners New Orleans has been abused as tn,
center of most OF the bear talk this season
! and this explanation we think is due to tina
| market. Let us see what an increase owe
| last year Is necessary to make the crop ever
! 10000 bales. The crop of last year wa
/ 61UO0OO bales. II has been generally accepted
! that TeXaS made 2.250OOO bales. TO say tina
/ these states other than les as are making y
/ per cent. more this year than last when mos
stretch of the Imagination 10 which the bear
! are equal. but perhaps no one else. Assam
/ ing. however. that this Is Il fact il would meal
an increase Of $3.50 900 bales or ), $50 900 bale'
/ total. 7 he best information that we have %
/ can secure through others here and at New
| Orleans, Is that Texas will no. exceed 1900
900. Therefore a grand total Of of 10000
| bales. With all these impress siOns we canno
but think that cotton should be an inVe It
ment on the basis OF &c for March in this mar
| ket, the realization of which, however
/ will depend upon the extent to which
/ trade Is good or not good, and also for how
| long the spinner will stay out Of the market
as he has done tor some time past TO so grea
/ extent, This market closed very > eady a
! an advance OF 10 points from yesterday. Liv
( erpOol had a better tone to-day. and recovere
! the opening decline and closed point highe
| than yesterday. Our crop accounts are al
/ most without exception OF the same untavor
| able character. Our bear friends. however
| will say that this counts for nothing. and v
/ would not be surprised to see their crop eSti
mate made on the inverse ratio that is. tn
more untaVorabIe the adViceS the higher vii
| they raise their figures. In order to refresl
/ the memory OF our readers. We recall what W
/ said about ten dayS.Since. namely. that at tn
ftfav h a fAa