The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-12-14


La STAN ped As IS Virginia SIS pref. 80
North Carolina Is ~ Va. Trust Reefs. rs
NorthCarolina IS 1i6 Va. Fund'g Debt. SO
Tennessee, olds-. 90
GOVERNMENT BONDS
United states Is, registered. ........."Il3h
United states Is, coupons. ...............Ii4h
%Asked. ibid.
Cotton.
Liverpool, Dec Is, noon.-Cotton, good de-
mand moderate business, at steady prices;
American middling 4l4d; sales Is 900 bales
American, IL, 800 bales; speculation and ex-
port, 900 bales; receipts, IL 900 bales Amer
lean, 50, 400 bales. Futures opened firm; de-
mand fair.
Futures-American middling fair, low mid
ding clause: December, l2-6id; December
and January, ll-6ld. also i3-64d; January
and February. 4 10-6id, also ll-64d. also
l2-6id, also 13-6id; February and March,
lO64d, also il-64d; March and April.
l2-64d, also 1854. also4 l464d, also l5-64d
April and Nav, Is Sad, also l6-64d. also
l754d; May and June 4 l6. sid. also lid
also lS-64d; June and July lS-6id, also
l9-64d; July and August, 2O-64d Tenders
100 bales new dockets.
4 p. Motion. American middling fair,
ll-l6d; good middling, 49sd; middling. AID;
low middling. 4lsd; good ordinary, lSl6d;
Today sales were increased for late bust.
ness by ZOO bales American.
Futures-American middling fair. low mid
ding clause: December, 4 l3-64@4 14-6id; De-
cemDer and January, 4 l3-64d, buyers; Jan
uary and February. l3 645t4 1850; February
and March l4-6494 l5-64d; March and April,
i56tGr4 1850; April and May. l7-64d
buyers; May and June 1900, sellers; June
and July. 20-6lf4 2l-64d; July and August,
22-6id 236id. Futures closed firm at the
advance
New York, Dec 10. noon-Cotton contracts
opened firm at points advance, as following
Liverpool but fell on heavy receipts, ad-
vaneed points on local covering, and closed
UIS points over Yesterday.
New York, Dec. l3.-Cotton futures opened
steady, as follows; December, Z &C; Jan
uary, &c; February, 76c: March, S4c;
April 92c; May, g7c.
New York, Dec. IL, 4 p m.-Spot cotton
closed steady; middling uplands l5-l6c; mid
ding orleans 3 l6c; sales PIG bales.
Futures closed steady, with sales OF 1872. 400
bales, as follows: December. re: January,
&c; February, Z SIC; March, 9Oc; April,
S9o; May, orc; June l5c; July, PIC; Au-
New York. Dec 13-The total consolidated
netreceipts at all the ports to-day were 43, 1856
bales; exports to Great Britain II ,50S bales. to
the continent 1881 bales; to France S,25S
bales; stock L. 7s2 $40 bales.
Total so far this week: Net receipts POS. 76S
bales; exports to Great Britain 100, 447 bales
to France 1916 bales, TO the continent 81, 352
bales.
New Orleans Dec 1s.-Cotton futures closed
steady, with sales Of 5000 bales, as
follows December pc, January 34c, Feb
ruary 47c, March SIC, April Csc. May 7lc
New York, Dec. l3.-The SUMS cotton re-
view says: Activity and strength in Liver
pool more favorable Manchester advice
more life and strength in the southern
markets, the covering OF shorts for local
southern accounts, and some new buying in
long interest, caused a rise here to-day OF 10
to II points, most Of which was held at the
close, when the tone was very steady. The
crop movement to the ports and interior
towns continues large and is considered
the feature most, prejudicial to the
Liverpool advanced to 31s points with spot
sales of 5000 tales, prices closing very
steady. In Manchester yarns were steadier
but in cloths there was not much doing. in
New Orleans futures advanced 10 to IL
points. Spot cotton here was lsc
higher, with sales Of $40 bales for
spinning and deliveries on contracts of
500 bales There was an advance of I-l601sc
at four Of the southern markets New Or
leans sold 5000 bales. The receipts at the
ports were 43,08S bales, against As l2i this day
last week, and 350S9 last year. Total thus
far this week, POS 76S bales against 2ll 1927 thus
far last week. Exports from the ports to-day
III SOB bales to Great Britain, S25S to France
and l4S51 TO the continent New Orleans re-
ceipts TO morrow are estimated at IL 600 bales
against l3,4S on the same day last week and
II. l24 last year.
New York Dec. 13-Riordan & Co. say Of
cotton; THE receipts to-day were again
heavy, but the comparative Indifference with
which traders have come to regard Them was
even more marked to-day than yesterday.
Encouraged by good report from Liverpool
our opening was at an advance of points
March selling on the call at 7S3c. In the
forenoon the market was steady but showed
no particular strength, but later in the day
the bulls became more aggressive than they
have been for a long time. A further advance
of points took place March having sold
in the last ten minutes at 1920. The
close was very steady, with 7.9Jc bid
for March. The bulls now tell US
that we have seen the lowest prices, and they
may be right but we have little confidence in
the permanence Of any advance until a di-
minution in receipts shall have done some
thing to confirm the small crop ideas that
we. in common with many Others entertain.
The bears are little uneasy lest the figures
Of Bra tstreets crop estimate, which is eX-
pected to be made public on Friday or Satur-
day should be too moderate to suit them and
this fear caused some lively covering towards
the close to-day. But we hardly expect the
continuous and substantial advance for which
we are confidently hoping until receipts show
symptoms Of exhaustion and spinners become
more anxious to buy cotton than they have
been up to this time
New York, Dec l9.-Atwood Violet & Co.
say Of cotton to-day Investors and spect-
lators are beginning to realize that cotton has
an intrinsic value, even though the people we
have heretofore referred TO have endeavored
to create the impression that IL only had a
value at much lower prices. We close to-
night IL points higher than last night, with
indications OF better market to morrow. il
Liverpool is not disappointing, but this
is not probable for the reason that Liver
pool improved to-day 2 points with
2)0f0 bales spot sales, although we
closed last night only = points higher
than the day previous. The efforts OF
those who have sold TO cover their contracts |
at lower prices have been OF no avail for the |
past three days, and with any loss in the |
compared with the expectations |
that have been put forth by the big crop peo- |
pie, we shall have an advancing market. Our |
impressions are that we are on the eve OF |
having proved the universal assertion Of the |
southern people that the figures Of the joint |
account estimators are too high by u large |
and we anticipate in a short time |
o reduction OF estimates that will fall below |
our estimate OF 100000 bales maximum. 1t |
is most significant that although on Friday |
next we shall be about 425 000 bales more in |
sight than last year, yet at the same time the |
stocks at thirteen OF the principal points in |
The south. reported by the New Orleans ex- |
change to-day, show 3i9,334 bales against |
34S 044 bales last year, as the tendency has al |
ways been to move cotton to the larger cities |
in the south as well as to the ports from the |
owns not weekly reported and plantations it |
must be assumed naturally, that the same |
Invisible towns and plantations have less |
stock than they had at this time last year, !
ind indicates that the movement will soon |
all off Large receipts however, seem to |
rave been more or less discounted. and more |
buyers than sellers Will give us a healthy ad- |
ancing market. or course, a great deal de- |
bends on Liverpool's course"
COTTON TABLE.
Tone. Mud. Rec. Sales. Stock |
5 ofoIon steady x iS8s a56 d i 1896 5o5
.NomI ~ 1O9 -. 25455 |
Boston. ~. Quiet 7f3-1s 1857 .... 49,.
w lin gton Quiet ~ i.5S6 80. 80 $3.50 |