The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-11-24

10 -. 10y Tenn. new set IS. II Z
La. stamped IS o. Virginia 6's pref. 80
North Caronna4s 81 Va. Trust Reefs. 35
NorthCarolina Is 40 IVA. Fund'g Debt 52ts
tennessee, olds.. 90
GOVERNMENT BONDS
United States As, registered mill "a,
United States As, coupons. ...............II2 pa
asked. IBID
Liverpool, Nov. 2S, noon.-Cotton is in
moderate demand at very firm prices:
American middling, 4 lid: sales l.. 900 bales :
American, lO4OO bales; speculation and ex-
port 900 bales; receipts, A 600 bales; Amer
lean 1900 bales. Futures opened firm at an
advance.
Futures-American middling. low middling
clause; November. 4 24-6fd; November and
December, 4 246ia4 25-64d; December and
January, 4 246474 23-64@4 24-64d; January
and February, 24-640ef 2364Q4 2f-64fs4 % -64d;
February and March, 25-64@54 26 sid; March
and April, 1 26-646s4 27-64d April and May
27-6414 % Sid; May and June, 296404 30
6td; June and July, 4 Sl-64G4 S2-64d. Ten
ders none.
4p. Motion, American middling. 1850;
good middling, AID; middling, 4lld; low
mlddling, SD; good ordinary, AID; ordi-
nary, l-l6d.
Futures--Amerioan middling low middling
clause; November, 25-64lG4 26-64d; Novem-
Der and December, 4 25-646f4 26-64d: Decem-
Der and January, 4 25-646I4 26-64d; Jan
uary and February, 4 25-64d, sellers; Febru-
u
April, 27-64d, buyers: April and May, 29-64d
sellers; May and June. 4 30-64G14 9l-64d; June
and July, 32-6i8i SS-64d Futures closed
firm.
New York, Nov. %. noon.-Cotton contracts
opened steady at 9111 points advance. gained
6Gl points, and are now l4Gl5 points over
New York, Nov. 2S-Cotton futures opened
firm, as follows: November, &C; Decem-
Der, NC; January, 09c; February 3 l9c;
March, y; April, SIC.
New York, Nov. % p. m.-Spot cotton
closed steady; middling uplands SIC; mid
ding orleans S9sc; low middling ll-l6c;
sales l25 bales.
Futures closed steady, with sales Of POS. 800
bales, as follows; November. Csc: Decem-
Der. S-10c January, lSc; February, s 2lc;
March, PC; April, 36c; May, 8 4Sc; June
soc.
New York, Nov. 2s.-The total consolidated
net receipts at all the ports to-day we're 40, 651
bales exports to Great Britain 1854 bales, to
the continent Z $50 bales; TO France 1875
bales; stock 106s 1913 bales.
Total so far this week: Net receipts 242 1872
bales exports to Great Britain 800 7OS bales
10 France 32,226 bales, TO the continent 36, 1876
bales
New Orleans, Nov % Cotton futures closed
steady. with sales OF 400 bales, as
follows: November &C. December Z sec,
January 79c February sec March CSC
April 8 07c. May lac. June pic
New York, Nov. 23.-1he Suns cotton re-
view says: "A more active and higher Liver
pool makes advancing prices at the south.
smaller receipts at some interior points. a
better demand from the shorts, and some
new outside buying, together with an ex-
pectatton of smaller receipts at the ports be-
fore long, caused an advance of 16 points
closing very steady with prices II to Is points
above the closing figures OF yesterday. Sales
2O8,SO bales. Liverpool advanced $685.
points, closing very steady; spot sales of
l2uOO bales at an advance of 1-16d. New
orleans advanced 10 to IL points. Spot cot
ton here was sc higher. with sales of l25 bales
closing
In Manchester, yarns were in moderate de-
mand and cloths dull. Spot cotton at the
south was generally higher, with a better de-
mand There was an advance of l-l6d1sc at
eight southern points, and 3-l6c at Galveston.
New Orleans sold $3.50 bales. Receipts at the
ports were 4065l bales, against Il Sal this day
last week and 1925 last year Total thus far
this week 242, l22 bales, against 236.676 thus
tar last week. The exports from the ports
to-day were ,S44 bales to Great Britain,
1884 to France, and 1850 to the continent"
New York, Nov. 23.-Riordan g. Co say of
cotton: There was mole animation in the
trading to-day, and more confidence among
the bulls than we have seen for a long time.
Liverpool seemed disposed to help on the ad-
vance and our opening was points higher
than yesterdays closing, the first sale OF
January being at S.O8c. That was the lowest
price of the day. An active demand to cover
shorts and for investment caused a further
Improvement of points, January advancing
to 8. l6c. The rise was stubbornly contested
by the bears, and with the aid OF realizing
Sdl6Ss lacy succeeded several times during the
day in bringing about reduction of or 3
points, but the offerings were freely taken at
every concession. The close was very steady,
with s. l3c bid for January. We are now in
clined to believe that last Mondays prices
were the lowest that we shall see. Receipts.
we think, can hardly fail to show rapid
diminution henceforth, and unless we are
mistaken in this, cotton must I e on the road
TO higher prices. But our friends must not
be too Sanguine of a continuous advance.
vast amount OF cotton has been bought below
SC, and sales to realize profits may give us
frequent reactions of 20 or 30 points But we
hope and believe that the general trend of
prices for the next three months will be up
ward
New York. Nov. 23-Atwood Violet & Co.
say of cotton to-day: The improvement to-
day here was greater tnan had been gener-
ally expected yesterday, or is points above
last nights closing The improvement at
Liverpool was 3, just what we thought it
should be in order to bring about further i'm
proVement on this side to-day. That the
bullsh feeling is more pronounced is evinced
by the large amount Of buying here up to
l o'clock, since which time the realizing by
the long interest which have been of consider
able size, caused some decline, and final
prices are ID to II POINTS better than last
night. Liverpool must now improve stall fur
theT tomorrow in order to meet the general
advance here to-day. but, in the event that
that market does not respond. it might occa-
sion decline here OF or points at the open
ing IN the morning from which we think there
would be recovery, slow or rapid, according
to the amount OF buying orders that might be
here for execution. What gives support to
contracts now is southern spot markets also
increased demand, and therefore, more te-
nacity by spot holders and, with the move
ment for this week and next little il any in
excess Of last year, il should stimulate Ltv-
erpool and the continent and still
further add TO the strength on
this side; whether Europe will
respond, particularly Liverpool is now the
question, Speculation might drive prices
here and carry Liverpool and the continent
in spite of themselves, as was done last year
but unless the volume of speculation shoull
he sufficiently large TO do this we shall have
to wait upon the spinner In other words
the markets on this side have been pushed
up far enough until We have more support
from abroad As to the eventualitles VIC be-
leve in crop Of moderate size and we be-
leve, further. that prices should sell much
higher and with the only question is
whether there will Le better opportunity to
buy than current prices. That is a question
We think our readers can answer for them
selves quite as well as we can. New Orleans
estimates receipts there next week at IS coo
bales against 50 900 bales last year, Savannah
81. 0J0 to 81 900 bales against 80 90 bales last
year. Our information from the inter o to
day indicates the movement, 50 far as heard
from. somewhat under last year but we think
that the week 5 receipts az the interior will
show about l03C0) bales against % 900 bales
last year and IFS 100 bales last week,