The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-09-24

Alabama. classA 30 Tennessee, olds 60
Alabama, class u 9A Tenn, new set rs lOl
Alabama, class O. 80 Tenn. new set IS QS
Louisiana cons Is - Tenn. new set IS g.
North Cardinals 81 Virginia Is ....,. 50
North Cardinals liz do exmat coup IS
:. CarO'a Browns. .. Virginia COusols. 80
GOVERNMENT BONDS
United States Is, reg istered.. ...........lI0
United States As, coupons ....,..,......1tt
United States 2s..... OBSERVATION-DISCLOSURES. 0S
*Asked. ibid.
Baltimore, sept 2s.-Quotations to-day
we're as follows: Va. Consolidated 80. do IS
65&@66ll Northern Central stock 20; B. & o.
stock ~; y. 4 Q. :. w. LIST lOi, do LIST in
comes 655675, do End incomes g. do 3rd in
comes So; Consolidated Gas bonds l09AGll0
do stock 56laG057.
New York, Sept. 2S.-Sub-treusury balances:
Coin. al, 72s.OOO; currency, s7,9a5OOO
The weekly statement Of the associated
banks, issued by the clearing house today
shows the following changes:
Reserve increased Observation-Disclosures. 81 COS $50
Loans decreased. ...........,. GO. 735 200
Specie increased. observation-disclosures. 5,205 500
Legal tenders increased. ............. 3,47l 100
Deposits increased. .,........,.... 6GS3 100
Circulation increased ................ $50 700
The banks now are az 900 $50 above the re-
quirements Of the 25 per cent. rule.
Atlanta, Ca, Sept 23.-The ClearlnRs OF
the associated banks for the week were
746,s67
IAlr
demands prices easier; American middling
nominal lt-l6d; sales 1000 bales-American
$500 bales; speculation and export 800 bales;
receipts 10000 bales American $500 bales
Futures easy; demand fair.
Liverpool, Sept. %, p. Motion, active;
prices easier
Futures -American mtddling, low middling
clause September delivery 39,6id. Septem-
Der and October delivery 37.64d; October
and November delivery 4 37-54GL4 80 Gid; No
yember and December delivery 366iGo4 So
64d; December and January delivery 80
6iG14 3764d; January and February delivery
4l-64l14 40 6i6l4 3964l14 SS-64d February and
March delivery u; March and April de-
livery ID; April and May delivery ID.
Tenders none.
p. m.--Ameucan middling fair 11-I6d,
good middlng ID middling ID; low
middling -; good ordinary ID ordi-
nary u.
Futures American middlng low middling
clause: September delivery 81 CID buyers;
September and October delivery 4 $500
36 64d: October and November delivery b
Std, sellers November and December deltv
cry 35-6ld. SELLERS December and January
delivery 4 36-6i6Q4 37-6ld; January and Feb
ruary delivery 1 3S-6id, buyers; February and
March delivery 40 646D4 Il 6id March and
April delivery 42-6t1D4 sod; April and
May delivery 4i-64I04 45-64d. Futures closed
steady at the decline.
New York, Sept. %, noon.-Cotton contracts,
market opened steady at points advance,
fell II points, and are now 2d3 points below
yesterday.
New York. Sept. 23.--Cotton futures opened
steady, as follows: September deiV-
cry 06c; October delivery l2c; November
delivery pc; December delivery SOC;
January delivery SOC; February delivery
8 sec.
New York, Sept %, 4p. motion closed
dull; Middling uplands 5-lGc, middling Or
leans 0l6c good ordinary &C; low middllng
c. sales 35O bales.
Futures closed steady, with sales OF
l0l 700 bales as follows: September delivery
8 07c; October delivery 8 49, November de-
livery s IS; December delivery s 4O January
delivery 81: February delivery 81; March
cry S9c.
New York Sept 23-Consolidated net re-
ceipts of cotton at all the ports to-day were:
1891 bales; exports, to Great Britain 500
bales; to France none to the continent
none; stock 1874 1856 bales
Total net receipts at all the ports so far
this week we're 1851 bales; exports to Great
Britain 5,519 bales; to France none: to
the continent none.
New York, Sept. 23.-The total visible
supply OF cotton for the world is ,, l52 1903
bales, of which l.722 900 bales are American
against 257s,2a and 2,l4953t bales, respect
lively, last year. Receipts this week at all
interior towns "a l06 bales. Receipts from
plantations lG7,734 bales Crop in sight 256 66l
bales.
New York, Sept. 23-The Suns cotton re-
view says "a decline took place at the open
ing owing to lower quotations in the pool
rooms and liberal receipts at the ports but la
the covering Of shorts The signal service pre-
dicted slightly cooler weather in many parts
of the south, with northerly winds in some
sections, and some operators wee apprehen-
sive of frost. Liverpool did large besiness.
The southern markets were generally firm
and New Orleans about as last night in spite
of rather la"ge receipts there hore-
close was steady, with a decline
Of three points with sales Of i0l ZOO bales. Liv-
erpoOl declined ; to g points, closing steady
with spot sales of 1900 bales. New Orleans
declined 2 points. spot prices were 1-l6c.
lower, With sales of $50 bales for spinning
The southern spot markets were generally
fairly active and steady. There was an ad-
vance Of l-l6c. at Galveston aud a decline Of
l1G.OhC. at Augusta. New Orleans sold so
bales The receipts at the ports were 1851
against 6. 626 this day last week and rs 1888 last
year. Exports from the ports 5,G75 to Great
Britain. Crop news from Texas and parts of
Arkansas and Mississippi are unfavorahle."
New Hor.-, Sept. 23.-Itiordan a Co. say Of
OF cotton: The week has been an exciting
one in the cotton market with constant and
rapid fluctuations, the highest and lowest
prices for January deliveries having been
&c and S.27c respectively. To-day Liverpool
declined very sharply owing, as our CORE
SpOndent tells us, to the increased pressure
of offerings from the south, but the crop ac-
counts in this mornings Financial Chronicle
were rather dis NAL especially from Texas
and after decline Of 9 points at the opening
hour. the market showed far greater desire
to buy than to sell, gradually regOy-
erinE most Of the decline. January
opened at S.13C, and advanced to S52c closing
steady with $500 bid for January. The re.
ceipts so far, are still largely behind the
very moderate figures Of September 1892
The bears, however. lay great stress on the
estimates that the movement of new cotton
next week will be considerably larger than
the corresponding week Of last season. but
these estimates will he mostly guess work
and, in case they should prove misleading
January would he likely to climb above DC
with startling suddenness. But the move
ment next week might, we think
be quite as large as the bears
predict, without causing any very serious
break in the prices. In fact. il seems 10 us
from all the information we can gather that
the crop yield is likely to be much less than
the average estimates hitherto current. and
II this view Is correct we are certain to have
higher prices Heavy receipts may cause
temporary depression but the size of ne
crop will ultimately fix the prize of cotton
An early frost or the passage by the Senate Of
the silver repeal bill would give a healthy i'm
pulse to the market, and these are events
which the shorts have good reason to dread, d.
though the immediate future Of prices looks
doubtful. We think well Of cotton in the long
run. and favor buying on weak spots.
NewOrleans. Sept. Cotton futures closed
barely steady with sales OF l0.3O0 bales as fol
lows: September delivery soc, October de-
livery &c, November delivery 3 03c, Decem-
Der delivery l4c. January delivery s 24c,
February delivery 32c, March delivery 4lc,
April delivery 4Do. Nav delivery 57c
Galveston, sept 23.-Cotton closed firm:
81; net receipts 5,529 bales; gross
none; sales 2,240 bales; stock 526l3 bales
exports to continent none; exports coast !
wise none exports to Great Britain