The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-11-25
STATE RnNps
GOVERNMENT BONDs.


GOVERNMENT BONDS
United States Is. registered. ...........1tS1i
United States Is, coupons ................ll22i
United states :, registered ...,......... 20
FAsked. IBID
Cotton.
Liverpool, Nov. -. noon.-Cotton. mod
crate demand: freely met; prices unchanged;
American middling, 4isd; sales 10000 bales;
American, 500 bales; speculation and eN-
port, 1000 bales; receipts, 30 OOJ bales; Amer
lean 2O2OO bales Futures opened easy; de-
mand moderate.
Futures-American middling low middling
clause: November. 4 24-6td; November and
December 2t6464 2S6id; December aud
January, ( 2i-6id4 p 6i04 246id; January
and February, 26-6iGt p 6tG14 2L6iG4 % Cid;
February and March I 27-6+Gl4 % 64td4 24-6ld.
March and April, 26-6t64 21-64d; April and
May / 3O6414 2@6ilI4 % Gid; May and June,
30-6id; June and July, 4 33-64d Tenders 400
bales new dOckets
p. motion, American middling. 4 t5-i6d:
good middltng, 4'sd middling, AID; low
mlddhng $50; good ordinary, 4Ad ordi-
nary, l-l6d.
Futures American middlinR low middliug
clause: November, 4 24-6+04 2564d: Novem-
Der and December 1 23-6l04 2464d; Deem
Der and January, 46id, buyers: jan
uary and February, { 24-6fd sellers; Febru-
ary and March 25-6id, sellers; March and
April. 25.64d, sellers, April and May. I 27-6iG1
3S-6id; May and June, I 29-6id, buyers; June
and July 3l-6id, sellers Futures closed
barely steady.
New York, Nov. "a noon-Cotton contracts
opened steady at coll points advance, gained
6G1 points, and are now l4Ql5 points over
yesterday.
New York, Nov. 9i;-Cotton futures opened
steady, as follows: November, &C.. c; Decem-
Der, 94C; January, s 05c; February, s l3C;
March, 8 20; April, 29c.
New York, Nov "a, 4 p. m.-Spot cotton
closed dull; middling uplands Slsca mid
ding orleans SSc; low middling 71l-l6c;
sales none.
Futures closed steady, with sales of 100. 800
bales, as follows: November ole: Decem-
Der O6c; January, csc; February, 100;
March. 2Sc; April, BOO May, 3sc; June,
8 45c; July. s sic.
New York, Nov. 24-The total consolidated
net receipts at all the ports to-day were As 743
bales; exports to Great Britain 55,30l bales, to
the continent q265 bales; TO France Il $50
bales; stock ,06S 1913 bales.
Total so far this week: Net receipts 300 S65
bales; exports to Great Britain 1875 905 bales.
to France 5O,2lS bales to the continent 50, 46l
bales.
New Orleans. Nov. q Cotton futures closed
steady, with sales OF 1000 bales as
follows: November : 45c, December 7 sic.
January re. February s2c. March 92c,
April OOc, May Csc. June & l6c.
New York, Nov, 4.-The sun cotton re
port says; There was decline of 10 points
owing to the lower prices in Liverpool and
long liquidations, but later on there was
enough covering to cause "a rally, which left
prices only To points below those OF yes
terday. New Orleans receipts tomorrow are
expected to be large. Until there is some de-
c!ded decrease in the receipts at the southern
markets, tone and prices are expected to be
rather nervous. One noteworthy feature Is
the very large exports from the southern
ports The sales OF futures were 100 900 bales
Liverpool was a to point lower closing bare
" steady, with spot sales of 10 900 bales
IN Manchester. yarns were dull and
cloths were quiet New Orleans declined
8 to 10 points Spot cotton was dull and IN
changed There was an advance of 1-l67 &C
at three OF the southern markets and de
cline OF about lice at Augusta New Orleans
was weak. The receipts at New Orleans to-
morrow were estimated at 5000 to 1900
bales against 8 ,36s bales on the same day last
year. The receipts at the interior towns for
the week were lO4 l49 bales against 1l8240
bales last week and 80 54l bales last year;
shipments IL, 1872 bales against 100 1857 bales
lastweeS ana g 296 bales last year: stocks
325 276 bales against 3li $40 bales last week
and 252 6i6 bales last year"
New York Nov. 9i.-RiOrdau & Co. say OF
cotton The decline IN Liverpool to-day
was an unexpected setback for the bulls, and
our opening was at decline of about s
points, January selling on the call at sO5c
But the demand at the decline far exceeded
the offerings. and the interior receipts being
light, and the port receipts not quite so
heavy as had been expected, prices quickly
improved. January advancing to < l0c. But
the bulletin announcing that the
receipts at New Orleans to-mor-
row would be about twice as large as on the
same day last year caused free offerings
and nearly all the improvement was lost
January reactin2 to s.O6c. The bears, how
ever, were evidently timid about pressing
their advantage and the close was steady
with S,OSc bid for January. The course OF the
market in the immediate future Is almost on
tirely question Of receipts, II these should
fall OF spinners would quickly absorb the Of
ferings OF spot cotton, and the indispensable
foundation would be laid for bull specula-
ton IN cotton. The bears still claim there
will be no material reduct ion in receipts, and
that prices Will go lower than ever
New York, &ov. 2I.-Atwood Violet & Go.
say OF cotton to-day: "A review of the cot
ton situation during the past sixty days,
shows about as follows up to the middle of
October. Liverpool sales we're from 1900 to
1900 bales daily, and spinnerS showed
thereby n disposition to fill not only imme-
diate requirement, but future necessities in
asmuch as their supplies were unusually
small, according to Mr.. Ellison, the English
authority on consumption. About this time
a crop estimate was issued by Ncill Brothers
of 10000 bales as the out-turn l0Il months
before the end OF the cotton year. The Eng
lish and Continental spinnPrs Immediately
accepted this estimate with as much feeling
OF certainty as though Aug. 81 1874. had ma
tUred and the size Of the crop fully known,
and from the date OF issuance of this
estimate, the market grad lally declined
until on Monday last, the total had
been more than 30 points lower than the
prices ruling before this estimate was pro-
mulgatcd. Then followed the movement that
did not confirm large crop ideas, but during
the last three or four weeks the movement
has been a heavy one, and in order 10 still
further demoralize the long interest in con
tract and the spot holder in the south, crop
betting has been another element in the stu-
a ton to bear cotton by betting to on 600
O0O bales TO on S4OJUO0 bales. I to on
Z 5JO0 900 bales. and though we have not heard
Of any higher estimates. we suppose that
q bout I TO 10 on 1850 go bales would have
been the proper proportion. The moral effect
OF this was TO create the impression ola large
crop, IS many people would lose sight of the
odds that were offered. We have had now
from the decline Of Monday last "A
recovery OF about 10 points, including the
advance Of yesterday. OF which advance
sight including this weeks movement. will
he reported this afternoon by the New Or
leans Exchange al about 3.h000JJ bales in
round figures. which includes stocks at the
weekly reported towns Of 3lS.000 bales. and
in order to realize a crop OF 10000 bales the
sept. l must be, therefore, 100000 bales, but
the character Of our information and that Of
every other firm in this market and at New
Orleans, who has q country CORES pendent, Is
TO the same effect, viz: rapid marketing OF
crops and average OF lint per acre not ex-
cecding l6O pounds, with very little more
production In some sections. and in others
no larger than last year. Now IL certainly
must be that those whose figures have done
so much damage to cotton prices in addition
to the effects of heavy movement can only
get their information about the crop
from the same character OF people that we
and others get our information from They
ing them they must have discredited their
information from the southern planter and
Now, what the market may do
will depend largely upon now far the mind Of