The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-09-15

! the continued rising uRure OF the early season
| rendering purchases for settlement from their
| planter friends boy the Interior merchants
| % good investment and the large prohtS IN
| most cases wiped out any loss made on pur-
| chases in the latter part OF the season; IN fact
! all the middlemPn who stuck to their legiu-
| mate business and did not become holders
| and spectators were gamers on their cotton
| purchases. IL was one Of the cheapest crops
| ever "a ised and the price realized by the far
! mers were considerably more than was eX-
pected. This made them so much the more
| able 10 pay up their bills TO the interior
| merchants and Savannah factOes,
! and collections were never better.
The product OF last season was one OF the
| best ever raised. The staple was good, the
! preparation excellent; in fact, the higher
| grades abounded and would not all have been
required only for the fact that no stocks OF the
| higher qualities remained on account OF the
| poor crop OF the season before, and IL was all
| taken. On account Of the crop Of the season
| before last very many farmers that would
| have under other circumstances bought
! new seed, did not; consequently there was
! some little complaint by buyers filling par
tiCular orders on this score, but otherwise no
! complaints were made as to the quality OF
| the CROP. but grave complaints came from the
| country to the factors about extraordinary
| loss in weight, and strange
| to say, the exporters received more complaints
than ever before from their constituents on
the same matter; viz, loss in weight IN cotton
shipped. both to the North and Europe
The exporters as a rule, did very salts
factory business, the higher plane on which
suits to them in commission, and the ad-
vanCing market OF the early season reducing
reclamations to a minimum, the early sea-
sons cotton being the principalcotton subject
to reClamatiOns.
September season commenced with
receipts comparatively heavy, forty bags
coming in during the first week The cotton
was nice In preparation ana color. Inc de-
mand was slow at first on account of the alb
sence of buyers. The inquiry began about
the end of the second week and was for fine
doc % hold
remarkably well in the face of the heavy re
ceipts. There was good request and offer
ings were pretty well cleaned up. The quo
tation at the close OF the market was
l6dl6Ac for medium fine. The receipts for
the month we're 757 bags.
Octoher-Ihe receipts during the month
reached 7,7l5 bags The month opened with
firm market for the better qualities, while
the lower grades were quiet. Extra fine and
choice were in strong demand, The factors
advanced the prices during the second week
and good business was accomplished on &C
connt Of the falling off in receipts. The mar
ket was strong and active at the close of the
month, medium fine closing at 171a@18c.
NOVember-Ihe month opened with q
steady advance, reaching as much as a to &c.
per week The demand continued good and
the receipts quite large, During the second
week business dropped off little, but the
prices remained up Notwithstanding the in
creased receipts At the beginning of the
fourth week the market reached 26c for
choice. Then buyers began to haul off and
Dy lnG cnQ OF Jne month the market became
dull, but closed firm at 22i2@23c for medium
fine. The receipts of the month were 8 1853
bags.
December Opened with the absence of
trading Holders had been firm and asked full
current quotations, while the buyers were
equally determined the other way; cOnse-
quently there was but little business done,
only one or two factors selling during this
time Towards the end of the month the mar
ket fell little but closed with the holders
hrm and asking full quotations. The receipts
Of the month amounted to 874s bags The
market closed at 22822lac. for medium fine
January.-1hts month opened quiet but
stocks were held firmly at the quotations,
during the first week. There was slow de
mand and few sales were made at slightly
less than quotations in the second week of the
month. However, these sales could not be
duplicated, and most holders were firm, ask
ing full quotations on the present offerings.
During the third week in the month, the
market was rather dull influenced by the
weather and the SlOwneSS of orders, Quota
tons were practically nominal In the absence
OF business, Dut holders were firm in their
ideas and we're asking full quotations. The
receipts for the month were 1857 bags. Med
ium fine closed at pc a 22Hc.
Fcbuary.-1he receipts were 2 l0i bags.
| The opening week showed no change in the
situation of the market, business remained
| really stagnOnt for lack of inquiry. Holders
continued firm in their views and the stock
was well in hand About this time the re-
ceipts were greatly augmented by the transfer
Of offerings from NaldOSta here. The mai ket
uecllneQ 10 ZlC OE 2lRC Tor medium 1ne.
During the latter part of the month there
was more inquiry than for the past three
weeks, and several orders remained untitled
on account Of buyers limits being below
| holders views. The market had, however,
declined to lScG01Shc for medium fine.
March-The month opened with decline
in prices to l61acQl7c for medium tine. There
was a fairly good demand. but buyers were
| Offering less and holders we're compelled to
make concessions to effect sales. The de
mand continued during the month, though
with some Irregularities as to prices. About
all OF the orders on the basis OF the market
were filed, and those left were limited to
lower figures, which the holders refused to
accept. The stock was considerably reduced,
although it was quite large for the season.
| The last days Of the month brought fine de-
mand and sales were comparatively large.
| The receipts of the month were $50 bags.
/ The month closed with market at l7c for
medium fine.
April There was a little activity during
the first few days of the month and prices adj
week, however, closed dull. Along in the
middle of the month the receipts were large,
being principally transfer of Valdosta cot
ton to this market. Orders could have been
filled at &c below quotations, but as rule
| the factors sold only on basis of regular
prices. Offerings of small lots were taken at
quotations. while large lines were held higher.
At the end OF the month there was little doing,
and the market closed at 171ac for medium
fine The receipts for the month were 2864
| bags.
May ne IdtIOTS receipts lot Ine month
were LOG bags. The market opened quiet and
steady, and prices were well sustained The
demand. however, was slow and mostly for
scattering lots The market continued dull
until the latter part Of the month when hold
ers were forced to sell to realize, and trans
actions were made 1l@lc below quotations.
The month closed howe yer, with quotations
on basis of l71zc for medium fine.
June-Opened with medium fine unchanged
at 1712c. The receipts for this month we're 81
bags. The market was duh and lower to sell.
| Transactions were made at fully 1c below the
quotations at which the market was held.
The market became nominal. as there was a
very light inquiry During the latter part of
the month some sales we're made at the full
prices quoted. The market for the month
closed at 17Iac for medium fine.
July-There was no change in the market
and business remained dull, but closed firm
at the emo of the first week. The balance OF
no sales were reported. The quotations at
the end of the month we're as follows: Choice
20RM2lc; extra fine 19Il1qHc; fine, l8dlsHc;
medium fine, re; good medium, 16I0l7c;
medium, l6c; common. l5c. The receipts for
the month were 81 bags.
August.-There was nothing doing this
month. and prices remained unchanged. The
buyers and factors were all away, and the op'
pressivC financial situation detractcd interest
from sea islands. There were a few bales Of
new cotton received during the last few DAYS
OF the month, but they were not put on the
marketaS there was virtually no inquiry The
receipts of the mouth were % bags.
SEA ISLAND CROP RECEIVED At SAVANNAH,
GA, SEPT. /, 1892, TO AUG. 81, 1893,