The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-12-30

gust, O9c.
New York. Dec. 29.-The total consolidated
netreceipts at all the ports to-day were Al, li7
bales; exports to Great Britain $500 bales, to
the continent S971 bales; to France $50
bales; stock /, PSI. $40 bales
Total SO far this week: Net receipts go 7d5
bales; exports to Great Britain $780, bales,
to France 1850 bales to the continent a.l72
bales.
steady, with sales OF $500 bales, as
follows; December &C. January igc, Feb
ruary pc, March S9c, April isc. May SIC,
June dc, July 73c
Charleston, Dec. 29.-Market steady; mid
ding 707sc; low middling 62c; sales POO
bales.
Cotton.
New Orleans, Dec. 29.-The following is the
seml-Weekly cotton movement at thirteen
leading interior towns; Receipts, $3.50 bales
against ~ 534 bales last year: shipments, 40 .
goI bales against AZ 2l3 bales last year: stock
ISL $50 bales, against 49,. 1913 bales last year.
New \ orS, Dec % The suns cotton re-
view says; There was an advance early in
the day, owing to an unexpected rise In Liver
pool and some covering Of shorts, but later
on prices weakened. owing to large receipts
at the ports. This downward movement was
followed in turn by rally. owing TO the unex-
pectedly small receipts at the interior towns
and renewed covering of shorts: The net
changes for the day were very slight. In fact,
the closing prices while points higher on
near months, were unchanged for the day on
distant months. The tone at the close was
a
will be closed until next Tuesday. Interior
receipts this week were 54,5l4 bales, against
s % ~ bales last week, and
here to-day Ies 900 bales. Liverpool advanced
TO points, closing steady, spot sales 10000
oales at unchanged prices. In Manchester
yarns we're dull. New Orleans advanced to
points. Spot cotton was quiet and I'M
changed; sales, 80 bales for spinning and 900
bales for deliveries on contracts. The south
ern spot markets we're generally unchanged
ana quiet. There was decline of -l6c at st.
Louis and an advance OF l-lBc at Memphis
and Augusta. New Orleans sold 5000 bales
the receipts at the ports were Al ,SSl bales
against 1888 bales this day last week and
%, SOL bales last year. Total for the week.
POI ~ bales. against 300 l52 bales last week
and l59,707 bales last year. The exports from
the ports to-day were ~ 0s2 bales.
New York, Dec. 29.-kiordan g. Co. say OF
cotton: The year closes in the cotton market
rather gloomy. The general trade outlook is
so dlsheartentng and the receipts are so de-
pressing to believers in a small crop that
every rally in prices seems to be only the
prelude to a more serious decline If the
movement from this time until Sept. should
be the same as last season the crop would he
about 10000 bales. The bulls, Of course.
are confident that we shall get less than last
year. The bears insist that we shall get II
good deal more. We believe that the bulls
Will turn out to be right in the
falling of in we receipts tdpt ' viii n n1s
show itself for some weeks yet, and that in
the absence of marked revival of trade and
speculation we may have lower prices, the
market to-day was very feverish The open
ing was practically unchanged as compared
with yesterdays closing prices The first
sales OF March being at 7.74c. In the first
hour there was q good demand, causing an inn
provement of a few points, March advancing
to 7.7sc, but the port receipts again came in
largely in excess of this day last year and
this soon chilled the enthusiasm OF buyers
and resulted in loss of the improvement,
When the estimate of 5000 bales at New Or
leans tomorrow was posted a
further break took place, March
market continued quite weak, but In the last
nour the covering OF shorts caused a rally
the close being steady with 75c bid for
March. The crop movement is the key OF the
situation The estimates of port receipts for
the coming week range from 20J, 600 to 2l5 900
bales, against l2l 1867 bales for the correspond
ing week last season, These estimates may
be above the mark, but as long as we continue
gaining even 70 900 bales a week as compared
with the movement last season. we fear II will
be hard to check the downward tendency of
prices The exchange is now closed until
Tuesday next, Jan q
New York, Dec. 29.-Atwood Violet &
Co. say OF cotton today: THE re-
fusal yesterday OF the high crop esti-
matters to accept the wager that we offered
for an exchange member here is equiva-
lent to 100000 bales reduction In their
crop estimate, because Mr. Neill had about
ten days ago confirmed hisminimum estimate
of 100 0OO-in other words, that the crop was
at least that much. and how much more he
was afraid 10 say, but now so much are they
afraid that they cannot be reached
within lOJ,U00 bales OF 10 on wager.
1t only shows, as we said yesterday
that they see what is coming, and In proof Of
this we offered again to-day for the same
party here to pay for the party betting
that before Feb. the crop would not be
10000 bales, which they declined. This Is
the weakest feature OF all, ana shows how
much buster there is in their bets and how
NafN h
this week is more encouraging as an indorse-
ment OF the reports from the south
than for long time. The weekly
interior receipts being only $1,000 against
43 900 last year and $1,000 last week, the latter
being avery marked decline, while the inter
Tor stocks at the same points are IL 600
against 403,00 last week and I05, 900 this week
last year. In other words 1t shows how
rapidly the interior receipts are shipped out
! because the increase over last week in sup
ply is only 5000, and 1t Is a notable feature
that every weekly reported point has less
stock than last year except the two largest
Memphis and St. Louis. Therefore
as q out OF "a have less sto ok
than last year, IL Is fair presump-
have less, and perhaps, decidedly less than
last year. We think this argument win ap-
peaito anybody except the 775OOO0 people
The port movement this week is 100000
against 1859 900 last week, and total amount in
sight this week. according to Hester's
report of the New Orleans cotton ex-
change, Is $4,000 against 2iS,0OO last year;
making the total since Sept. l in sight
s. 1896 1872 against 4.724 $50 last year. There
fore 1t will require 900 900 to come into sight
TO make 100000, and if the cotton is in the
south it will make its appearance sometime
during the next seven or eight months. But
1t looks as If a great many that promise will
not realize such figures. The reasons for this
opinion are embraced in our market letter Of
9th inst. Whether they are good reasons or
not our readers can judge as well as our selves
All the markets. Will be closed until Tuesday
morning. Our best wishes are extended for a
happy and prosperous new year"
ma