The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-11-01


middling, 0l6d; sales 5000 bales: American.
q 800 bales speculation and export 800 bales:
receipts II 5000: American, G.5OO bales. Fu-
lures barely steady. demand mod crate
Liverpool, Oct. 81 I p. E,.-SpOt cotton is
quiet with a free supply of offerings: Amer
lean mlddling 916d The sales of the day
were 5000 bales, of whi,L $40 Gales we're for
speculation and export and included 800
bales American.
Futures-Amerlcan middling. low middling
clause: November, 42r6Id, buyers; NOvem-
Der and December. 24-G4d; December and
January, 2l-C4 al % Gid; January and Fe5ru-
ary. 25-6id4 26 Cid; February and March
2I64d, buyers; March and April 1 29-6ld
sellers; April and May 3O-6id3l-64d; NAV
and June. - G4d4 1874 I: June and July
4 "a 6ld4 80 CAD. III lures opened barely
steady, with the demand moderate at from
l-6id advance t. . Gid decline and closed
steady a. l-6AI2 sd net decline.
New York Oct. 81. nOOn.-COtton contracts
market r4-settled through lCcli scaIpthg ana
changes rather frequent; opened quiet at 1Gl4
points advance, but reacted sal points only
to again advance, and are now lag points
over veStrday.
New York. Oct. 3l.-Cotton futures opened
firm, as follows: October. -, November
0Sc; December, &c; January, Isc: Feb
ruarv, 2Ac; March. 33C.
New York, Oct 81. p. m.-Spot cotton
closed quiet and steady; low middling &c
mIddling uplands 3-l6c; middling Orleans
7-16c; sales l,20l bales.
Futures closed steady at to points net
advance, with sales of 10000 bales. as fol-
lows: October, &C: November. Csc: De-
cember. l4c; January, S 2lc: February zoe;
March, SIC; April, 8 i4c; May, SIC; June
8 soc
New Orleans. Oct. 3i.-Cotton futures closed
STEADY YIN sales Of o.. Cd bales. as
follows: October C. November 6l117 &c
December 7g17 SOC January s5Gl7 SIC
February 9367 95c. March G10S O2c April
& OS68 Zoe, MAY 1908 ne
New York, Oct. 3l.-The Suns cotton re-
port says: The session opened with a
moderate advance, due mainly to killing frost
IN various sections OF the south, but prices
weakened soon after owing to large receipts
al the ports, particularly ut New Orleans and
considerable selling for domestic and
foreign account. The market became stronger
later on, however, owing to estimated re-
c5lpts at New Orleans to morrow of 5000 TO
10 900 bales against 1890 on same date
last year, and the final prices were
TO points owe those Of Yesterday. 1t is
beheleI mat she irosts at the south have
done considerable injury where there was
any cotton to make. he close was steady
with sales of 800 bales. Liverpool declined
l to IL points, closing steady with spot So les
Of go bales. In Manchester yarns were
quiet but steady. and cloths in moderate de
mand. New Orleans advanced 4 to points.
Spot cotton here was quiet ana
eady. but unchanged. Sales. S0l tales
for spinning. Inc southern spot markets
we're generally steady and fairly active.
There was decline Of Lice at Baltimore.
New Orleans sold 90 bales Exports from
the ports today: 80 TO tn Continent. SOS
to France. 1916 TO Great Britain. Receipts
at the ports were - AZ bales. against 6}627
this day last week and ~ Obs last year: thus
far this week 203, 4S9 against 1872 lO5 bales thus
far last week.
New York, Oct. 3l.-Riordan & Co. say of
cotton: he port receipts to-day justified
the predictions of the leacs footing up the
enormous total of S472 Dules i his leafs
the record OF any single days receipts in the
history of the cotton trade. AS Liverpool
seemed disinclned TO so down, our market
opened2 or points higher. January selling
on the call at S.lSe. But the successive hul-
letins Of the port receipts disheartened the
bulls and enough long cotton was thrown
oyerbC ard by timid holders to depress prices
about POINTS. January declined to size and
for time the market was weak.
But the announcement that
smaller receipts were expected
at New Orleans tomorrow started reaction
and prices gradually hardened until January
sold at s.22c. The close was steady with
S.2lc lid for January. he outlook at the mo
ment seems favorable for higher prices. The
main obstacle to an advance is the undoubted
fact that almost everybody has bought cotton
for a rise and is waiting to get profit. Liver
pool holds the key To the situation. On any
slackening Of receipts good rise may occur
In that case we advise our friends not to wait
too long to secure their profits. Advances
are likely TO be followed Dy reactions, and
holders who are content to accept moderate
profits are more than likely TO have the op-
portunity to replace their purchases to ad-
vantage.