The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-11-07

<AoHSA' Tb4us
Cotton.
Liverpool Nov 6, noon-Cotton, moderate
business; prices steady; American middling
49sd; sales 10000 bales; American. 9100 bales;
speculation and export, 500 bales; receipts
ll,000 bales; American, 1900 bales. Futures
barely steady at an advance.
Liverpool, Nov. 8, p. m.-Spot cotton is
easy and in moderate demand; American
middling AID. The sales of the day were
10000 bales, of which 500 bales were for spec
ulatlon and export and included 900 bales
American; receipts ll,000 bales, of which
.. 100 bales were American.
Futures-American middling, low middling
clause: November, 33-64d, sellers; Novem-
Der and December, 4 esd, sellers Deem
Der and January, 32-64d, sellers January
and February. 33-6Id, sellers; February and
March, 4 34-6i34 5-64d; March and April
30 Odd, sellers; April and May, $500
S6id; May and June, 80 64d, value; June
and July, Il 64d, sellers; July and August,
12641l4 1864. Futures opened barely steady
with the demand moderate from unchanged
to 26id advance, and closed quiet at 2-64d ad-
vance.
New York. Nov c, noon.-Cotton contracts
opened steady at points advance. rallied
triae. and closed steady at 4gS points over
Saturday.
New York, Nov. Cotton futures opened
firm, as follows November, S 23c; December
8 32c; January, 3Sc; February, 45c; March,
s Sic: Anrl 63c.
New York, Nov: G, 4 p. m-Spot cotton
closed dull; middling uplands sac; middling
Orleans S5sc sales 3OS bales
Futures closed quiet at ! point decline to
points not advance with sales of 500 bales,
as follows; November. 8 2l618 pc: Deem
Der, s 29qS 30c; January, 8 Bios &c; Febru-
airy, 6 37dS 4Oc; March, 46GlS 47c; April
5388 544c; May, 8 GIGS 62c; June, 8 ca
CSC.
New Orleans. Nov. 6.-Cotton futures closed
barely steady, with sales of %, 100 bales, as
follows. November 6ic bid, December 70
al Sic, January sos Ode February 02Q
03c March l0Q8 lie, April 1908 Poe May
21JIS sSC. June \ 37fTS {Sn
New York, Nov. 6-The Suns cotton mar
ket review says: There was an advance of
to points but this was lost, closing
quiet, with sales Of l4S,50O bales. The early
advance was due to a rise in Liverpool of two
points, and the depression later on was owing
to estimated receipts at New Orleans to-
morrow of % 900 to 1000, against 1900 on
the same day last year. This estimate caused
local selling. The trading was without much
spirit, as the crop movement is disappointingly
large to the bulls, and at the same time the
bears are afraid that II may fall off shortly
The spot sales in Liverpool were l 900 bales.
Spot cotton here was dull and unchanged;
sales 2O3 bales for spinning. There was de
cline OF 1-l6C at some of the southern markets
The export continued large and to-day
reached 28000 bales. mainly to
Great Britain, not including 6,4OO to the
channel. Receints at the ports 53,632
bales. against 62!53 bales this day last week,
and IS no last year"
New York, Nov. 6.-Riordon g. Co. say of
cotton: The steadiness of Liverpool and
celpts caused brisk demand at the opening,
and rise of seven points, January selling on
the call at S5S'. For a time the market was
firm. January advancing to 840c but on
rumOrs OF heavy receipts at New Orleans to-
morrow, there was free selling, and January
declined to 835c, huctuating during most of
the day between that price and SIC. To-
morrow being a holiday, most of the room
traders, who had all bought cotton were in
cli1ed to even up their trades before going
home; Their selling to realize profits caused
further weakness in the last half hour. The
close was quiet, with S.Slc bid for January.
While we think well of cotton in the long rum
we expect f1uctuatiug market in the imme-
dlate future, and favor buying on good breaks,
and the acceptance OF profits on every ad-
vance. We are against short sales under ex-
listing conditions"
New York, Nov. atwood, Violet g. Co.'S
letter issued to-day, saws: Everything we
have been saying for the last ten DAYS in
reference to lighter movement, both at the
interior and ports, has been more than
realized. and naturally better markets should
be IN order, The advance, this morning, was
within or points OF the highest
touched last week the Improvement being
based largely upon the outlook for a com
parattvely light day at the ports, receipts be-
Ing So, 900 against 60 900 last week and 5000
last year. fhe cause Of less bullish activity
IS Que to the poor response of Liverpool to
the small receipts and reduced estimates for
TINS week. Although we have correctly
anticipated exactly what would occur in the
way of movements it should have brought
about more OuN ing OF spot cotton and bulliSh
speculation which however has not been
realized to the extent we expected There
was every reason, however. Why it should
occur, and this feeling must present itself to
everyone. 1t may be that we shall have to
wait little longer. until foreign Spnners are
removed from the influence of 5000 600 esti-
mates, which certainly, the present movement
does not warrant, by a large majority A
spinner we suppose, is like every body else
He wants what he has TO consume at the
lowest prices possible. and he needs to be
scared and, perhaps, when some Of the cotton
authorities begin to reduce estimates OF the
crop. they may realize that they have waited
too long. There is little to depress cotton
Just now, but more numerous Sc lers ana the
market has declined accordingly. We advised
our friends this morning not to buy on the
advance feeling that the Liverpool improve
ment did not justify ii, but to wait for bet
ter spot inquiry, upon which we are continu-
ally laying stress. in showing 1t to be the
only sure foundation to buy speculatively
The feature here to-day has been the narrow
ing OF December and January differences be-
ing only points apart, which is a confirm
alton of another Of Four impressions and is
due to the fact that it is impossible to brng
cotton here prottably and. therefore it is
better to buy in the contracts Tomorrow is
a close holiday here, but the New Orleans
our New Orleans house to keep the wire well
advised OF everything, especially the Liver
ool market.
COTTON TABLE.
Tone Mid. REQ. Sales Stock