The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-12-05

prices n buyers favor: American mfddling
'-lod; sales 10000 bales; American. $500
receipts, 25.OO0 bales; American -, so bales.
fair.
Futures-American middling, low middling
cause; December l9-64d December and
January 4 ls-64d; January and February.
lsb4d; February and March 206id; March
ana april 4 2l-64d; April and NAV, % 6id,
and July, 2561d; July and August, 2s-64d.
renders 100 bales new dOckets
! p. motion. American middliug fair
$3.50; good middling, AID; middling e d.;
low m!ddling' ll4d; good ordinary, sd; Ordi-
Futures-American middliug fair low mid
ding clause: December, 4 17-64d. sellers; De
cemher and January, 1 166id4 SD; Jan
uary and February, 17-64d, sellers: February
ana March I ls-64d, buyers: March and April!
lsb4d, buyers: April and MAY, 2O640
42l-6id; May and June, 22-646I 23-64d June
and July, 24-6id. sellers: July and August
decline.
New York, Dec. 4, noon.-Cotton contracts
opened steady at points decline, and at
noon were co. points below Saturday, as fol
loving loss Of 304 points in Liverpool.
New York. Dec. Cotton futures opened
steady, as follows: December. 9Cc; Jan
uary, Gle; February, Csc: March, O4c:
April, s l2c May, 8 2Oc.
New York, Dec 4. 4 p. m.-Spot cotton
closed easy; middling upandS Sc; mid
dllng orleans sac; sales 3 100 bales.
Futures closed steady, with sales of 161 800
bales, as follows: December sic; January
SIC; February, DOC; March, : &c; April.
O3c; May, s lie; June, lSc; July, 2ic; Au-
gust. c.
New York, Dec THE total consolidated
netrecetpts at all the ports to-day were So OOO
bales; exports to Great Britain 1889 bales, to
the continent 1.179 bales; to France 213
bales; stock ,lO5. 900 bales
Total so far this week: Net receipts ia 14S
bales; exports to Great Britain 47.078 bales.
n 10 no ffVosay 4
bales.
New Orleans. Dec. 4.-CQtton futures closed
steady, with sales of $4,000 bales, as
follows December 35c January 4sc Feb
ruary 5Sc, March 6Tc. April 75c, May SIC.
June sec, July 96c
New York. Dec. the Suns cotton re-
view says; Foreign advices and the crop
movement were both against the market.
Liverpool was lower, Manchester was weak
and the receipts at the ports were much
larger than had been expected. Some OF the
estimates Of the weekly movement put II al
2IOOO bales more than in this week last year
The tariff is spoken of as disturbing
feature. Prices fell 10 to Is points and
closed barely steady, with sales of
$4,000 bales. Liverpool declined 3
to 81 points. closing easy, with spot sales at
| decline of l-16c Spot prices we're Lice
lower With sales Of $50 bales for consump-
tOn; deliveries on contracts Tor $500 bales.
there was decline Of 1-6c at three Of the
southern markets New Orleans closed easy,
with sales of . $50 bales. Futures there de
Cllutu l4O 10 points. Inc receipts there To-
morrow are estimated at 2l.WO bales. against
22,ls2 last year The receipts at the ports
were 66146 bales, against 56O6t this day last
week and 81, 7S2 last year. Total thus fur this
week ll4l4s bales, against 1U9,652 bales thus
far last week.
New York Dec. 4-Riordan & Co say Of
cotton: This was "A bad day for the bulls.
The decline in Liverpool and the high receipts
induced free selling. Stop orders were
reached, and these FASTENED the declines.
March opened points lower at s.05c. and de-
clined gradually from the opening until
o'clock. The close was barely steady at the
lowest Of the lowest, 1910 being bid for
March. 1t is the same old story.
Short crop theories count for nothing in the
face OF continued enormous receipts at all the
ports. The bulls claim that the ports are
getting much cotton at the expense of the in
terror towns; but traders generally look at
the port figures and decide to sell rather than
buy. Until we have whole week of de-
cidedly lighter receipts we fear that the mar
ket Will continue to drop. The liquidation
that began to-day may assume larger proper
New York, Dec. Atwood Violet & Co.
say of cotton: Liverpool developed great
weakness, closing 3 TO I points lower than
saturday. followed by a decline on this side
Of Is points. The marked feature is the alb
sence OF demand of character necessary to
sustain contracts. and yet Liverpool al 1O,00
bales daily, shows that they are, any how
buying up to their requirements, although
not providing for future necessities. We have
seen to-day an encouraging cable from Liver
pool, saying Lney MINK prices are near the
cotton for the present. ana unless the Amer
lean markets should show more weakness,
and that they would rather buy
on the declines than sell; this has been
the advice of nearly all conservative people,
but at the same time heavy receipts have
been a diScOuragng feature against buying
at all. except with the hope from day to day
that we are on the eve of a lighter movement
and that this would bring about an increased
demand for both cotton and futures. We
feel more and more convinced from our ac-
counts that the crop will fall considerably be-
low any extreme crop estimates put forth
during the last sixty days. but in the mean
time a great many bulls become discouraged,
and the result Is gradually re cedinE market.
Considering, however, that only twice since
1919 has middling sold in this market under SC,
it would seem that this should give basis for
purchase at present prices. Middling is quoted
at Sc to-day, reduction OF lille since Satur-
day. ariH legislation and slow trade are be-
Ing made much of by those who take pes
simistic view of the situation and argue that
vanced that cotton also should sympathize
with these markets. II the decline in receipts,
especially in the Interior, should become de-
clded it would create a reaction of feeling in
favor Of cotton, both broad as well as home.
and this is absolutely needed to stimulate
Liverpool particularly. The port movement
to-day is Sc, 900 against 5000 last year: our
reports today from the south predict
a lighter movement in near futures. The buy
ing OF cotton should prove most profitable
investment in the near CT distant future. in
our iiniot; but this belief is ased upon our
expectations of crop not exceeding 800 900,
to obtain which there must come into sight
from the cad OF November to Sept. 1 more
than $500 90 bales