The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-05-14
GOVERNMENT BONDS.

United States IS. registered ...........1i2k
United States As. coupons. --..--..-......ll2;s
| Unlteu states 49,. ~
*Bid. +Asked..
The weekly statement OF the associated
banks issued by the clearing house to-day,
shows the following changes:
Reserve increased . $50 $50
Loans decreased. ........,............ 1890 500
Specie increased acknowledgements. 6S4 200
Legal tenders increased. ............. 4,5t9,2OO
Deposits increased ..................... S94 200
Circulation increased ................ 30 800
The banks now hold Sl7 ,795035 in excess Of
the requirements OF the . per cent rule.
New York. May l3-Sub-treasury balances
CON, 9ol,5o COO currency, sl2-OS2OOO
Cotton.
Liverpool MAY 10. nOon.-Cotton opened
4 dull. with free supply offering: prices easier:
American middling uplands zl6d: sales 300
! bales-AmeriCan 4. 6OU bales; speculation and
export 800 bales; receipts l0.50O bales-all
! supplied
Characterization midding. low middling
| clause. May ana June delivery d. June
and July delivery 1O-6id. also 9-6id also
4 7-Gid: July and August delivery 1l-64d. also
| S64d. also Sod also 9-6id: August and
september delivery 1856. also l2-6id. also
| 4 ll-6ld, also I 1064d; September and October
delivery l4-6id, also l2-6ld; October and
November delivery 1861 also l3-64d; No
yember and December delivery 1864, also
: $3.50; December and January delivery
| p. MIXTURES: American middlng low
middling clause, May delivery 7-Cld. sell
o..
June and July delivery 4 S-6Hd4 9-6ld
July and August delivery / lO6fd, sellers:
| August and September delivery ll6i0
| 4 l2-64d September and October delivery
! 4 l264Gs4 l3-64d; October and November de-
| livery l4-64d, buyers: November and Deem
| Der delivery 4 15-640t4 16-64d December and
January delivery 17-64d, sellers Futures
| closed firm.
American middling fair 0-l6d, good mid
ding 4%d, middling AID low middling
| rlnn - IN f11f1 ITn
! steady, as follows: May delivery 36c.
| June delivery sic, July delivery 63c, Au-
| gust delivery SOC, September delivery 76c
| October delivery S3c.
! New York, May 13.-The Suns cotton re-
| view says: There was a further decline in
| Liverpool. the crop advices, especially from
| Texas, were more favorable. the southern
| markets were dull and somewhat depressed.
| and there were disturbing financial reports
| from Wall street and the west. This caused
| more or less long liquidation and another drop
| IN prices. The Mississippi river continues TO
| rise, but most of its tributaries are falling.
| Speculation IS on very moderate scale pend
| ing further developments in the financial
| world. Prices declined to 4 points but
| rallied slightly and closed steady, with sales
| OF 70 300 bales Liverpool declined points,
| closing steady with spot sales of 200 bales.
| New Orleans declined to points The re-
| ceipts at the ports we're 34l5 bales against
| SO62 this day last week and 4,242 last year.
| spot cotton was steady here at l3-l6c for
middling upland. with sales of 210O bales for
! export and 236 for spinning. Cotton goods
| were depressed, southern spot prices we're
! generally unchanged. with trade light There
| was decline of 1-l6c at three of the southern
| markets. Exports from the ports were 1928
| bales"
New York, May 13.-Riordan & Co say of
| cotton: The week closes with the outlook
| quite as blue for holders of cotton as for the
| bulls in stocks. The large visible supply which
| shows no signs of melting away, the fairly
! good reports of the growing crop and the dis
| NAL financial situation, which has now
| reached an acute stage, but may get worse,
are all very much against any substantialim-
| prOvement in the cotton market. Liverpool
was again lower to-day, but our market stub
| bOrnly refused to give way any further.
| August opened at 7.62c, advanced to 764c, de
| clined TO 7.6lc and after many fluctuations,
| all within range of points, closed at $50
! : bic, with the tone steady. The feature of
| the trading was the heavy buying to cover
short sales This was the main cause of the
steadiness of the market to-day, but the liqui-
| dalton Of any considerable part of the short
interest, OF course. are added an element of
weakness in the long run. The course of
| prices for the remainder of the cotton year is
| likely to be governed absolutely by the law OF
| supply and demand. The manipulation Of
| the market by powerful operators and the
combination of capital which had so
| important an influence upon speculation and
| values in former years seems to be now a
| thing OF the past. Traders are narrowly
| watching the crop on the one hand and the
| indications OF a business revival or d con
| tlnued depression on the other Upon these
| two considerations and upon these alone de-
| pend the chances of higher or lower cotton
| market. Prices are now so low that any
| favorable change in the situation might
| occasion sharp advance, but we can see no
| cnoouragement as yet to buy except to take
| profits, and we are still inclined to favor sales
| upon any good rally"
| New York May 10, p. m.-Middling up
| lands l3-l6c middling Orleans Lice Sales
| 2,536 bales. Cotton steady.
! Futures closed steady, with sales of 6 200
| bales. as follows: May delivery 3607 iOc,
| June delivery5 HOS 45c, July delivery 54Il
| : SOC, August delivery 636g7 64c. September
| delivery : 69G17 zoe, October delivery 700
! 7 nc, November delivery S3I17 sic. Deem
| 7 95a7 soc
Total consolidated net receipts at all the
| ports to-day and so far this week were 500
| bales; exports. to Great Britain 1854 bales
| TO the continent 1865 bales; stock 56i 331
| bales.
| Galveston, May 13.-Cotton closed nominal:
middling re: net receipts 1876 bales, gross
none; sales 80 bales stock So $50 bales; ex-
| ports; to Great Britain 5,6lS bales, coastwise
! a bales.
| Norfolk, May 13.-Cotton closed steady; mid
! ding 75sc; net receipts % bales, gross none;
! sales 1916; stock 30 1913 bales exports, coast
| wise 30 bales.
Baltimore May I3.-Cotton closed nominal:
mtddling 7Bc; net receipts none, gross none;
| sales none: stock S,474 bales.
Boston, May l3.-Cotton closed quiet; mid
| ding l3l6c; net receipts 974 bales, gross
Az: sales none: stock none.
Wilmington, May 13.-COttOn closed dull;
| middling re; net receipts 10 bales, gross
| none; safes none; STOCK , $50 bales.
| Philadelphia, May l3.-Cotton closed quiet;
| middling SIC: net receipts 3l3 bales. gross
| none: sales none; stock 10 1888 bales
| New Orleans, May 13.-Cotton closed quiet
\ and steady; middling 1876; net receipts 751
| bales, gross sSl; sales $50 bales; stock 162 OPS
| bales exports to Great Britain 3 100 bales
| coastwise BIO bales, to the continent ,465
bales.
New Orleans, May 13.-Cotton futures
| closed quiet but steady with sales Of O5OO
| bales, as follows: May delivery 29c, June
| delivery Bic, July delivery SIC, August
| delivery 43c. September delivery 45c, Octo
| Der delivery Bic, November delivery soc,
| December delivery 60c.
| Mobile, May l3.-CottOn closed quiet:
mlddling 7-l6c; net receipts bales gross
none; sales 200 bales; stock 1915 bales.
| Memphis, May l3.-Cotton closed quiet;
middling 755c; net receipts 113 bales, gross
267 sales rs bales; stock 40 1858 bales
| Augusta, May l3.-Cotton closed easy;
! middllng 755c; net receipts SO bales gross
none; sales 2g6 stock 10 769 bales.
| Charleston, May l3.-Cotton closed quiet;
middling 74c; net receipts So bales gross
| none; sales none: stock p, 773 bales; exports
| coastwise $40 bales
| Cincinnati. May l3.-Cotton closed steady;
! middling 7Bc; net receipts 1870 bales gross
| none; sales 80 bales; stock 1870 bales
| Louisville, May 13.-Cotton closed quiet;
middlirg Sc net receipts none, gross none;
| sales none: stock none.
| St Louis, May l3.-Cotton closed quiet: