The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-12-03
The closing bids we're:

LOUISVILLE n n. A. lu'st 40 90 pref. ] ~
Manhattan. .....l2s Western Union. eli.
memphis Char. 10 Wheeling l. +, 1874
Michigan Central l0l do do pre-, 52ss
STATE BONDS.
Alabama A....... % Tenn. new set IS 1903
90 B.-.....-..... 20 Tenn. new set IS 100
do C............. b.. Tenn. new set IS. II
La. stamped As. SO Virginia Is pref. 81
NorthCarolina is 90 IVA. Trust Reefs -
NorthCarolina6s 1l6 wa. Fundg Debt. o..
Tennessee, ODDS. Oh.
GOVERNMENT BONDS.
United States As, registered. ...........Ii2si
United States As, coupons ..... ............l133l
United States IS, registered ............. IS -.
asked. IBID
New York. Dec. e.-The weekly state.
ment Of the associated banks, issued by the
clearing house to-day, shows the following
changes.
Loans increased .....-....... ... 42ss,4O0
Specie increased ...... ............... 1870 200
Legal tenders increased .....--,. 500 900
Deposits Increased. q. Gee. -.... II, 033 500
Circulation decreased ...... ...... -. l13 100
The banks now are S76,Og6 700 above the re-
quirements of the - per cent. rule.
Atlanta. Ga, Dec 2-The clearngs OF
the associated banks for the week were
Slli0,163,
Cotton.
Liverpool Dec ,. noon.-Cotton, demand
moderate; prices easy: American middIiug
4 5-l6d; sales 5000 bales; American 400
bdleS. speculation ana export. 5lD bales.
receipts, 10000 bales; American rs 300 bales
Futures opened easy, with the demand mod
crate.
Futures-Amerfcan uiddliug. low middIipp
clause: December, 22-64d. December and
January. 2O-6id. also 2l-64d; January and
February 4 226id, also 2I64d: February
ana March, "A Cad. also % sid also 22-6id
| March and April, 26-6id. also ! p Gid. also
| 4 246ld also 3 sid; April and May 21-6id
| also 26-64d, also 27-6id; May and June
| 276id also 2s-64d; June and July, 30 6id
| also 29-6id. Tenders none.
! 4 motion, American middliug 47sd:
| good middling, 9-l6d middling I 7-i6d: low
middling, 516d; good ordinary 3-l6d; ordi-
| Futures-Amercan mtddling low mtddling
| clause: December, 4 20 Old sellers; Decem,
| Der and January, l96404 206id; January
| March 2l-64d. buyers; March and April,
226444 % 64d April and May 4 24-6td,
sellers; May and June, 25-G4Gi 26-64d; June
| and July. 27-64d, buyers: July and August,
| 9-64d, sellers. Futures closed quiet but
| steady.
| New York, Dec >. noon.-Cotton contracts
| opened easy at 5lf6 points decline and
| terdsy.
New York. Dec. Cotton futures opeued
| steady, as follows: December, 94c Jan
| uary, : sIc; February, O4c; March, s lie:
| April, lsc; May, 25c.
New York, Dec. >, p. m-Spot cotton
| closed dull; middling uplands 8 t-t6c: mid
| ding orleans 5-l6c; low middlng 9-i0c;
| sales go bales.
Futures closed steady. with sales OF A. 500
bales as follows: December. 94C; January
| NC; February. Ole; March lie: April
l60 MAY, s25c June. s BIC; July, SIC: Au-
gust, &c.
New York Dec The total consolidated
| net receipts at all the ports today were ~ OO3
| bales; exports to Great Britain 81 O99 bales to
| the continent "a OPS bales; to France r. 424
bales; stock 069 629 bales.
Total so far this week: Net receipts AZ OO3
bales; exports to Great Britain 81 900 bales
to France u, 424 bales, to the continent "a O3s
| bales
New York, Dec. e-The total visible
| supply Of cotton for the world is 3g45.s7l
! bales OF which 1910 ga bales are American
| against 4,06i377 and 1858 677 bales respect
| lively. last year Receipts this week at all
| interior towns 2O2 .675 bales. REGENTS from
! bales
New Orleans, Dec. Cotton futures closed
| steady with sales OF 1850 bales as
| follows December SOC, January : 6}c Feb
! ruary 13c, March sc. April 9Oc May CSC
| June 05C
New York. Dec. THE sun. in its review
| OF to-dav's cotton market. says: Lower
| prices in Liverpool, liquidation here and
| abroad, and above all heavy receipts at the
| ports, caused depression here today and
| prices closed to points lower than yester-
| day. The speculation was spiritless and ln-
| interesting. II is generally believed that
| material decrease IN the CrOpmovement must
| take place before there can be any Derman ent
| rise OF prices. Sales to-day. 1850 bales
closing quiet and steady. Liver
! TOOL declined 2's 10 points. clos
| ing steady with spot sales OF 5000
| tales at unchanged prices. New Orleans de-
! clined to points. New Orleans receipts on
| Monday are estimated at 1860 to rs 0OO bales
! aga INST 1851 on tho same day last week ana
| lSoob last year. Spot cotton was duh and IN
| changed There were sales Of 236 bales for
| spinning. There was an advance Of I.l6c at
| two OF the southern markets. New Orleans
! sold =. $50 bales. The receipts at the ports
| were 4sO02 bales, against SO, $50 this day last
| week ana 36,54O last year The exports from
| the ports to-day were BASS bales"
| New York, Dec. 2.-RiOrdan & Co. saw of
| cotton The current estimate of port re
| Ceipts for the coming week Is 2s5, 600 bales
! against 255 S0l for the CORE spending week in
| 1892 This estimate, which We are inclined to
! regard as rather too liberal. was cgbIpd to
| Liverpool last night ana caused decline of
| nearly 36id In that market. Such q slump was
| rather more than the bulls had bargaiued for
| and our opening was a. a decline Of about
| points, the first sales OF March being a
! SEC. But although the port receipts for the
| well supported at the decline and the fiuctu
| atiOns were confined within the narrowesf
| range that we have had for many day The
| highest sale OF March was at s.13c and the
| lowest at Sic. The close was quiet and
| steady with Sllc bid for March liverpool
| Is understood still TO believe that the crop
will be from $50 900 TO 100000 bales. Here
| the tendency, IN spite Of the heavy
movement, is Enthusiastically toward a much
| lower estimate. The crop Ruesses Of 40 mem
| bers OF the New York Cotton Exchange in.
Nluulii8 al tllt AupIt dNLiNC tTdutTS. obtained
/ this week the highest made was 1855 900
| the lowest 10000 and the average Z 2st 703
| If this average estimate should turn out TO be
| about right we are pretty sure sooner or LATER
| to have materially higher prices We our
| selves, think that the outlook shows that the
| crop will be considerably less than
| the average figures But the trade NAV not
/ become satisfied OF the fact until ninc-tentbs
! Of the bulls have been slaughtered in a de
| Clniug market. Meantime il is only certain
| that the market is terribly overburdened at
| speculative holdings A large portion is
! Unprotected with adequate margins ana that
! while there may be temporary ra lilies no sub
| stantiai and lasting advance can be estab-
! li-hcd until there is a material dimlnution in
! the volume OF receipts That prices will
! ultimately be higher, we have little doubt
I hut the danger OF a disastrous liquidation
, It'll hangs over the market and Just now we
/ favor purchases only upon weak spots and
sales 10 take profits on every good rally"
! COTTON TABLE.