The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-11-05
GOVERNMENT BONDS.
Cotton.


Liverpool, Nov 4, noon-cotton quiet: de-
mand moderate; prices easy; American mid
ding, 43Sd; sales 1000 bales; American 5000
bales; speculation and export, 800 bales; re-
ceipts, $1,000 bales; American. 1880 bales
Futures easy at decline, with the demand
moderate
Liverpool, Nov. 4, p. m.-Spot cotton is
easy and in moderate demand; American
1000 bales OF which 500 bales were for spec
ulatiOn and export and included 6.OO0 bales
American; receipts $1,000 bales, OF which
3B,8O0 bales were American.
characterization middling low middlinp
clause: November, 4 3l-64d, buyers; Novem-
Der and December, 30-64d, buyers: Deem
Der and January, 4 3064d, buyers; January
and February 3l-6id sellers: February and
March, 32-6fd, sellers; March and April
4 3i6id, buyers; April and May, 4 35-646
80 Cid May and June, 4 81 odd, buyers; June
and July, seed; sellers; July and August
4 40 64G04 AZ sd Futures opened easy al . sd
decline, and closed barely steady at 3-64d
decline
New York Nov 4, noon.-Cotton contracts
opened weak at points decline rallied
trihe, and closed steady at 2G16 points below
yestrdav.
New York, Nov. 4.-Cotton futures opened
steady as follows: November, 8 20dlS pc:
December, 8 251p8 &c; January 8 306s sic:
February, 3848 39c; March, 47Gis 4sc;
April. 5f1S 55c.
New York, Nov. 4, p m.-Spot cotton
closed dull; middling uplands SIC; middling
Futures closed steady with sales of 1O3 300
bales, as follows: November. PFC Decem-
Der, 21c January, Bic; February, 3qc.
March, 47c; April, sac; May, &C; June
sc.
New York Nov. 4-The total visible
supply OF cotton for the world is 3257 4G7
bales, of which 29l6.267 bales are American
against 3,506,4S5 and 2114,6S5 bales, respect.
ively last year. Receipts this week at all
interior towns 220 S92 bales. Receipts from
plantations 379 $40 bales Crop In sight ,3l4 4O8
bales.
New Orleans. Nov. 4-Cotton futures closed
barely steady, with sales OF a. 700 bales. as
follows November Sc bid, December Z ~
az SSc, January 99l18 00c. February O8G7
09c. March 1903 ne, April 230S 2ic, May
s BIOS BIC, June 3S1l8 zoe
New York Nov. 4.-The Suns cotton re-
port says: There was some depression To-
day, due largely to disappointing advices
from Liverpool and estimated receiDts nj
New Orleans on Monday OF 1000 bales or
l40O bales more than on the same day last
year, and some rather high estimates of the
total receipts at the ports during the present
week. At one time prices were to 9 points
lower than at the close of yesterday Gover-
ing of shorts caused a rally, which left the
closing of the quotation TO points below
the last prices OF yesterday. It is a rather
nervous market, and the course Of prices
will be largely determined for the COMING
week by the receipts at the ports The close
was steady. with sales Of l033 800 bales Iiv
erpOol declined points and closed bareIv
steady with Spot safes OF f,COJ bales. New
Orleans declined z points. but regained in
Spot cotton here was duh and UNCHANGED
with sales Of 1873 bales for spinning There
was an advance Of l-lGlbl6c at three OF the
southern markets, and decline of I-fGe m
two, New Orleans sold 2,Z60 bales 4 he re-
ceipts at the ports were 81 4T9 bales against
81 1855 this day last week. ana A, III last wear
Exports from the ports, 81, $50 bales"
New York, Nov. 4.-Rindan q Co. saw NJ
cotton: THE slump in Liverpool today was
great disappointment to the bulls OnT
opening was at p )1nts cline, January sell.
ing on the call at 30c. There were free oNnr
ings by disguised longs and further decline
Of or points took place; but the shorts
bought briskly to cover and n rally followed
in which January advanced to s Bic The
bears made a raid in the last IS minutes
forcing January down TO 2Sc, but the demand
at that price far exceeded the offerings and
the market again rallied. The close was
steady, with 8:3lc bid for January. Judging
from the best information we can gather n
does not now seem likely that the present
crop is going to exceed 7.25O,0O0 bales. The
mills everywhere are carrying light stocks
and with the briskness OF trade abroad and
the certainty that a great improvement i'm
business throughout the United States Is M
hand, an active demand for cotton can NOT
be long postponed The conditions seem To
us to Justify a reasonable expectation of
higher prices before the end OF the wear put
meantime, while the movement Of the nov,
crop continues so heavy, the market is likely
to be a fiuctuating and feverish one with
porary. but yet sufficient to wipe out slender
margins For the present we favor BUYING
but only upon good breaks, and we think that
those OF our friends who are content 10 ac-
cept moderate profits on rallies may make
many good turns by doing so. The estimated
port receipts for the coming week range from
$50, 900 to 800 900 bales against 32S 40 for the
week just ended, and against 269, III for the
corresponding week OF last year"
New York. Nov. atwood. Violet & Co
say: We try to draw the line where conserva.
tism in expression Of opinion on the markets
should begin and end, and in putting forth
our views Of late we have tried to temper
them in such way with lures and facts so
as to show that II the results prove different
from what we expected we might show some
thing as a reason for our being bullish that
would be perhaps as convincing to others as
to ourselves that prices ought to be better
In other words, we have given the basis upon
which We have believed and do believe In
higher markets. We have taken the position
that great deal OF bear arguments has been
based, first because OF pretty big specula-
tive short interest, both here and at New
Orleans, that has sold at considerably lower
prices. and they naturally are anxious 10 have
the market back 10 those prices. but which
In our opinion they will never realize pro-
vided OF course, that our Impressions
Of the movement and the spot demand