The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-09-03

uanNs' issued uN the clearing house to-day,
4Aogs sAe following ckaRgos;
Reserve increased ..................sSi7 10 $50
Loans decreased. ................... 349s 100
Specie increased OBSERVATION-DISCLOSURES. a0.9 Coz
Legal tenders increased .............. 21aS 100
Deposits increased. ........... $3.50 200
Circulation increased ..............M 1871 400
The banks now are 81 567 s25 below the re
qulrements OF the 2h per cent. rule.
The imports OF specie at The port OF New
YORK for the week were ~ 435 ii9 OF which
81. 426, ass were gold and SS7il silyeV.
Atlanta, Ca, Sept. The CIearings Of
the associated banks for the week were
S496,379,
Cotton.
Liverpool, Sept ?. noon.-Cotton, quiet;
American middling nominal i9td: sales 5000
bales-Amer1can 400 bales speculation and
export 800 bales; receipts 1910 nales all
American. Futures steady; demand moder-
ate.
Futures-American middling low middling
clause, september delivery 1 20 sid; sep
tember and October delivery 2O.6id: Octo-
Der and November delivery 4 2t64d4 21-6td:
November and December delivery . 6td.
4 Zl-6id; December and January delivery
Z 24bAG4 25-bId; January and February de-
livery p 6404 2i-64d; February and March
delivery 4 27-6id; March and April delivery
20 cid Tenders none.
1 p. m.-Amerlc.n middling fair A3fd,
good middling 4lad, middling nominal 4Y-l6d.
low middling 5l6d, good ordinary 3-l6d, or
binary I'd.
Futures american middling, low middling
e. >
September and October delivery 4 206tG0
2l-6id; October and November delivery 81
Old, value November and December delivery
/ l9-6l71I % 66I; December and January de
livery = 6id, buyers; January and Febru-
airy delivery 4 &c CID, sellers February and
March delivery 2S6id, Sellers March and
April delivery 4 3O-64d, value; April and May
delivery 32-6id, value. Futures closed firm
at the advance.
New York, Sept ?. noon-Cotton contracts
opened steady and unchanged, and closed
barely steady at unchanged prices to points
New York. Sept ,, noon-Cotton futures
closed steady, as follows: September deliv-
cry soc; October delivery 76c; November
delivery gle; December delivery x Ole
January delivery 09c; February delivery
19c.
New York, Sept. ., p m.-Cotton quiet;
mlddllng uplands 739c, middling Orleans
Sac good ordinary l1-6c, low middling
7RP sales 3i4 bales
Futures closed steady with sales of so 300
bales, as follows: September delivery 7 soc,
October delivery Z 5uc November delivery
T SIC, December delivery SUlc January de
livery & U.S., February delivery l9c, March
delivery 2sc April delivery 3 SIC, May deliv-
cry i6c.
New York. Sept. consolidated net re
ceipts of cotton at all the ports to-day were
1850 bales exports, TO Great Britain | 900
bales; to France none; TO the CONT
nent $40 bales stock 2i0.O}9 bales.
Total net receipts at ell the ports so far
this week were 1850 bales; exports to Great
Britain 1000 bales; to France none; to
the continent $40 bales.
New York, Sept. 1.-The total visible
supply Of cotton for the world is 2227. 7sO
bales, Of which l.s70589 bales are American
against 2,6lO99S and 2,liS99S bales, respect
lively, last year. Receipts this week az all
interior towns II ,46l bales. Receipts from
plautations 1881 bales. Crop in sight 8,567 4si
bales.
New York, Sept. 2-Riordan & Co, say of
cotton The developments of the week have
been hn IN
in prices which we noted last Saturday has
made further and very substantial progress.
The improvement in the financial situation
concurrent with the cyclone in the South At
lantic states. and some bad weather else
where, frightened the shorts both here and
in Liverpool, and the demand to cover sales
has resulted in rather wild and fevefish
market, especially yesterday and to day.
This morning January, after open
ing at 8.06c, advanced to S.09c, and continued
for some time strong within a few points of
the latter price. The advance was stimulated
by buying orders from New Orleans said to
be based upon the refusal Of Texas farmers to
SEND their cotton to market OF present prices
But in the last fifteen minutes there were
considerable sales to realize profits. causing
reaction and some weakness The close
was barely steady with 5000 bid for January
The market Is undoubtedly IN a very''nervous
ana sensitive condition, and 1t is
impossible at the moment to form a reason
ably safe opinion whether the prevailing
scare is going to send prices still higher or
WutlucT blb demand Will suddenly COLLAPSE
and be followed by sharp decline. Many OF
the bulls profess to believe III q the present
rise is hut the torerunner of a big advance
like that of last fall Such an i'm
preston we hear, is widely prevalent
among the cotton growers at the
south, but we do not share in this view
The course of the market will largely depend
upon weather conditions and other develop
ments during the remainder of the picking
season, but judging from the conditions and
outlook at this time, we see little to encour-
age the hope Of higher prices. We fear that
as soon as the movement of tho crop shall
have assumed large proportions, the pressure
upon dull and in many cases glutted markets
must cause considerable shrinkage in
Values
New Orleans. Sept. 2.-Cotton futures
steady with sales of 1890 bales. as fol
lows: September delivery SC October de-
livery 45c November delivery sic, Deem
Der delivery Z 6jC, January delivery 2 soc,
February delivery ssc, March delivery 96c,
April delivery -.
Galveston, Sept. Cotton closed firm;
middllng 7osc; net receipts 9sl bales; gross
exports to continent none; exports coast
wise none: exports to Great Britain
none; exports to France none.
Norfolk, sept Cotton closed steady
middling 795c; net receipts 1854 bales; gross
none sales 80 bales; stock 5,Sl6 bales; ex-
ports to the continent none; exports
cOastwise 80 bales; exports to Great Brit
ain none; exports to France none
Baltimore, sept. Cotton closed nominal;
middling nc; net receipts none gross
none; sales none; stock 5000 bales. ex-
ports TO the continent none; coastwise
none; exports to Great Britain none; TO
France none.
Boston, sept. Cotton closed quiet; mid
ding l3-i6c; net receipts 30 bales; gross
receipts "a bales. sales nome stock
- bales; exports to the continent bale;
exports coastwlse none; exports to Great
Britain 100 bales; exports TO Franco none.
Wilmington, sept. Cotton closed steady;
middling &c; net receipts IS bale: gross
none; sales none; stock l.75S bales; exports
to the continent none; exports coastwise
none; exports TO Great Britain none; en-
ports to France none.
Philadelphia, Sept. Cotton closed steady;
middling l-l6c; net receipts none;
gross none sales none; stock 7,I4s bales;
exports to the continent none; exports
coastwise none; exports to Great Great
Britain none exports To France none.
New Orleans, sept. cotton closed firm:
middling 7zsc; net receipts 80 bales; gross
receipts $3.50 bales sales 200 bales: stock
SO, 1871 bales; exports to the continent none;
exports cOastwise none. exports to Great
Britain 900 bales; exports TO France none.
Mobile. sept. Cotton firm; mlddling
use; net receipts 2Is bales; gross none; sales
80 baies stock 1910 bales exports to the
continent none; exports coastwise 10 bales;
exports to Great Britain none; exports to
France none.
Memphis Sept. 2.-Cotton closed firm; mid
ding 5-16c; net receipts 81 bales: gross
none; sales ~ bales; stock 1921 bales;
exports TO the continent none exports
Coastwise none; exports to Great Britain
none, exports to France none.
Augusta, sept Cotton closed firm;
middLnR nc; net receipts 20 bales; gross
none; sales II bales; stock. 6,327 bales.