The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-07-23

banks issued by DE clearing house TODAY
shows the following changes --
Reserve Increased ...... s. ul2 o79
Loans decreased ....,-...-. 90. 49,. ~
Specie increased. ...... ............... 1875 tb
Legal tenders increased ............. 503Io1
Deposits decreased ....-...-..-. 500 tiN
circulation increased .-..-..-.-...... l2sun
Tho banks now are 81 256550 below the re-
guiTemauis Of tde > per cent. rule
Atlanta Ca. July 22.-The clearings OF
the associated banks for the week were
elJ2553
Cotton.
Liverpool, July -. noon.-Cotton quiet
prices Unchanged American mddling up
lands4 zd sales 700 bales-American 6aD
bales speculation and export 800 bales; re-
ccipts 5000 balCs-American 100 Futures
quiet; demand moderate.
Futures American mlddllng, low mludllnL
clause. July delivery { 266h; August and
September delivery 26-Gid: September and
October delivery 21-64d; October ana NO
vember delivery 4 2s-64G4 39-6id November
and December delivery 3O6id; De
ccmber and January 4 32-6id; January ana
February delivery 4 3l-6id; February and
March delivery 356id. Tenders none.
D. m.-American mtddling fair 4l2d,
good middling 9t6d. middling 4 3D. low mid
ding 42sd, good ordinary 4Ad, ordinary
4 ll6d.
characterization middling, fair, "a;
good middling 458d; middllng Il9d; low MD
ding clause 4hd good ordinary ordinary
! l-l6d, July delivery 25-6ilf 26-6iG; July and
August delivery I 25-G4l14 2G-G4d; August and
September delivery 4 25-6iGf4 26-6id; Septem-
Der and October delivery 4 26-6414 27-64d: Oc-
tObcr and November delivery 4 2r-6id sellers;
November and December delivery &-6AG
3J-6id December and January delivery 81
B4d value, January and February delivery
3l6ia4 33 Cad, February and March delivery
3f6i0I 35-6id. Futures closed quiet and
steady.
New York, July 1.-The total visible
supply of cotton for the world is 2,65l OF
bales, Of which 2l69,877 bales are American,
against 3OGl,l47 and 2,537Sl7 bales, respect
lively last year. Receipts this week al all
interior towns 1864 bales Receipts from
plantations S9l bales. Crop in sight 6,49l 443
bales.
NewNYork, July p, noon.-Cotton futures
openet6steady, as follows. July delivery Sdci
August delivery S3c; September delivery
93C; October delivery 6 Ole; November de-
livery l3c; December delivery 23c.
New York, July y. nOOn.-COtton contracts
opened at an advance OF points and closed
easy at 3loG points decline.
New York, July 22.-COnsolldated net re-
ceipts of cotton at all the ports to-day were
1879 bales exports, to Great Britain 775
bales to France none to the continent
LOO bales; stock 3l3,312 bales
New YORK, July =, p motion duIl ana
easy; middling uplands sac, middling Or
leans sac; low middlmg uplands ll-l6c,
good ordinary &c: sales none.
Futures closed easy, with sales Of $4,000
bales, as follows July delivery SIC, August
delivery SIC, September delivery 99c, Oc-
tober delivery ole, November delivery
13c, December delivery 8 23o. January deliv-
cry Bic. February delivery 395c, March de-
livery i8c.
New York July % The Suns cotton review
says: A rise in Liverpool and reports OF dam
age 70 the crop in Texas caused a small ad-
vance early in the day. but it was lost later
on when moderate rain was reported in
Texas. Local operators sold and Liverpool
sold moderately. II IS commended that fur
Their and cOpiOus rains are needed in Texas,
f1sw., Add
South arolina. Trading is stiu on a very
moderate scale. and the market is uer-
vOus and easily influenced by weather
news, especially that from Texas. Prices
declined to points closing easy, with sales
of $500 bales Liverpool advanced one
point and closed quiet but steady. Spot sales
1000 bales for speculation. This market is
dull easy and unchanged. Midland uplands
SIC. No sales. New Orleans declined l-16c;
Mobile advanced Lice; other markets I'M
changed In New Orleans futures declined
points. Receipts at the ports were 1879 bales
against 1882 this day last week and 477 last
New York, July 22-Riordan g. Co.. say of
cotton: The influence of the Texas crop as a
dominating factor was strtkingly shown dur
ing the past week The condition OF the crop
in other states has been fair and improving.
The trade outlook abroad and at home has
been very gloomy. The financial situation
has been simply appalling, nearly all the
considerations that usually affect the market
seemed to COnSptre to depresS values, yet the
threatened drought in Texas has alone sUltic-
ed to check any serious decline and the fluc-
tuations OF cotton nave been governed almost
exclusively by the conflicting advi
ces received each day from that
state. To-day the reports in
the Financial Chronicle, which are regarded
as very trustworthy, confirm about the worst
that had been told us Of the extent and
damaging character of the drought. This
with a slight Improvement in Liverpool,
would undoubtedly have caused a sharp ad
Int Df9a inl nd Df iitrhf
various points in Texas came in the nick of
time TO relieve the anxiety of the bears and
the market opened only two points higher
August selling at 790c, and January
remained steady but upon indications of
weakness in sympathy with another bad
break in the stock market the bears ham
mered prices with some bOldneSS, and success
during the remainder of the two hours of
trading and the close was easy, with 7.S3c bid
for August and 8.3lc bid for January. From
the best information we can get here, the
rains reported from Texas this morning were
little more than showers, and wholly INSULT
cicnt to break the drought, which has
become very serious. Moreover, the
condition of the barometer in Texas renders
it extremely improbable that any such rains
as are needed an fall during the next forty
eight hours. We think the course Of prices
next week will continue to depend on the
news from Texas, In view of the present
outlook there we are inclined to advise against
short sales
Atlanta. July 22.-Cotton quiet; middlng
&c; receipts none.
New Orleans. July 2?.-Cotton futures quiet
with sales of l.200 bales, as follows: July
delivery SAC, August delivery acc Septem-
Der delivery SEC October delivery SC,
November delivery zoe, December delivery
SIC January delivery g9c. February deliV-
cry s07c, March delivery l5c.
Galveston, July - Cotton closed quiet:
middling 7'ac; net receipts B bales, gross
6 bales: sales % bales; stock 209lS bales
exports to Great Britain none; coaStwise 2OS
bales.
Norfolk, July 22.-Cotton closed steady;
middliue 731C; net receipts 1856 bales gross
none; sales IS bales; stock 9.7I3 bales; OK
ports to Great Britain none; TO the continent
$50 bales.
Baltimore, July % Cotton closed nominal:
middling SIC; net receipts none; gross
none; sales none; stock o9l9 bales; exports,
Boston, July 22-cotton closed quiet; mid
ding Sl8c; net receipts 81 bales; gross none;
exports none sales none; stock ---
Wilmington, July 22.-Cotton closed steady:
middling 71Sc; net receipts l bale; gross
none; sales none; stock 4,lO8 bales exports
none.
Philadelphia, July 22.-Cotton closed quiet;
middling s1sc; net receipts 10 GALES; gross
none; sales none; stock l052j bales exports
none.
New Orleans, July 22.-Cotton closed quiet
middling 7sc; net receipts Go bales; gross
none; sales 35J'baleS; stock 1898 bales ex-
ports, to Great Britain none; to the continent
as bales.
Mobile, July 22.-Cotton, quiet: midding
9l6c net receipts II bales gross none
sales none; stock 3 .227 bales.
Memphis July 22.-Cotton closed firm; mid
ding ll-l6c; net receipts 81 bales; gross
none; sales . bales; stock H. 1919 bales.