The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-08-20

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GOVERNMENT bonds
/ United States 4s registered. ...........illis
united states -, coupons ... ...lltis
/ united states = ---........... -....-.... 30
! fASked. +Ild
New York. Aug t9.-Sub-treasurv balances.
/ Coin S5a.S07 900. currency, 3. az 0Ol
| The weekly statement OF the associated
! banks issued hy the clearing house today,
shows the following changes
! Reserve increased q 4Q9 SIS
J Loans decreased .............. 2lA 800
! Specie Increased ...... 4s2S 900
] Legal tenders decreased .............. 7O3. 100
/ Deposits decreased ..... p0l. 100
Circulation increased ..........-.-.... 7O3 200
The banks now are sl2O $50 below the re-
/ qulrementS of the . per cent rule.
| New York Aug. 19.-The foreign exchange
/ market closed firm at about the top notch Of
! the week. An increase IN the supply OF cotton
! bills is reported, while there Is no falling of
In the exports OF grain Gold is stil az a
| premium, and this with the supply OF gram
! ana cotton and provision bills, argues well for
! a continuance OF the gold import movement,
| Atlanta, Cha, Aug. l9.-The clearlngs OF
| the associated banks for the week were
| 1928 5s2.
Liverpool, Aug. 10, noon, Cotton. demand
| moderate, prices steady. American middling
nominal AKA. Futures steady demand
| fair
Liverpool. Aug 10, 1880 p motion,
| moderate demand prices steady American
mtddltng nominal 4Hd; sales 200 bales
AAleilCbu p,upO pdleSt speculation ana export
800 bales; receipts 1000 Dales American 1890.
| Futures steady; demand fair.
| Futures-American mlddling, low middling
| clause, August delivery 4564d; August and
October delivery 3-6fQ4 4G4Qf s. Gid: Octo-
| Der and November delivery ( 4-6i61a 564d; No
yember and December delivery 464@
| 5-644 sd; December and January delivery
| 4 1894 6-64d4 sold January and February
| delivery 4s64d; February and March delivery
ll-6fd; March and April delivery ll-6id.
| Tenders none
p. m.-American middlinR fair 916d.
good middlins 5-l6d middliuR nominal AID,
low middling 476d, good ordinary I'D, ordi-
| nary 3Ad.
Futures American middling. low middline
clause, August delivery 4 iO64d, sellers,
| August and September delivery 4 7640
sod September and October delivery
4 6-6id, sellers; October and November deliv-
cry 6-64d, sellers; Novem Der and December
delivery 7-64d, sellers; December and Jan
uary delivery 4 sold. buyers; January and
February delivery 4 lO64d, sellers Feb
ruary and March delivery ll-6i6t4 l2 64d;
March and April delivery 4 i364d, buyers
Futures closed firm at the advance.
New York, Aug 10, noon.-Cotton futures
opened steady, as follows August delivery
Z Csc; September delivery orc; october de
livery l7c; November delivery 7 26c; De
cember delivery poe; January delivery
z 40c.
New York, Aug 49, noou.-Cotton contracts
opened steady al 46pS points advance, follow
ing Liverpools gain of 304 points, but pres
sure OF selling orders caused reaction, and
toe close was steady at | point decline to
points advance. Sales SO 600 bales. Port re
ceipts estimated to-day at 200 bales against
!, 29O bales for the same day last yaar.
| New York Aug. 10, p. motion dull
middling uplands 5-l6c middling Orleans
Z 9-l6c, good ordinary Sl6c, low mtddhnf
csc. Sales 109 bales,
Futures closed quiet with sales Of 70, 26,
bales, as follows: August delivery Csc
September delivery 07c, October dc
livery l7c, November delivery 26c Decem
Der delivery SOC, January delivery 4lc
February delivery z 4So, March delivery
7 sc.
New York. Aug. l9.-Consolidated net re.
ceipts Of cotton az all the ports to-day were
2,l@ bales; exports. to Great Britain
none; to France none TO the CONT
nent go bales; stock 200 2s5 bales.
Total net receipts at all the ports so far
this week we're 2,lS7 bales; exports to Great
Britain none; to France none to the CONT
nent $50 bales
New York, Aug. 19-The total visible
supply OF cotton for the world is 1888 1884,
bales, of which 1, 1893 1856 bales are American
against 2,7S1 ,52l and $3.50, 62i bales, respect
lively, last year. Receipts this week az al
interior towns 6ls9 bales. Receipts from
plantations o16O bales Crop in sight 6647, TSi
New York, Aug 2O-The Suns cotton re
view says; "A rise In Liverpool and cover
ing by shorts caused an advance early Ia the
day, but selling for local southern and Liver
| pool account caused "a loss OF all the improve
ment later on. Prices advanced TO 7points
but reacted and lost more Of the advance
At one time September was one point lower
Later months closed about point higher
for the day, with the tone quiet and
steady, and sales Of 5000 bales
closing steady, with spot sales of 1000 bales
New Orleans advanced TO points, Spot
cotton here was dun and unchanged. Sales
Of 100 bales for spinning. Southern markets
| nc at four of them. New Orleans
| sold 1850 bales There was dry
weather In Texas The receipts al the ports
were 2,lS7 bales against 2,9i3 this day last
week and 200 last year"
| New York Aug. i9-Riordan q Co. say OF
cotton: THE sharp rise in Liverpool to-day
was a surprise to most of the bears, and
brought out large orders to cover at our open
ing. An advance of9 points took place. January
selling on the call at 1920. The feeling al
| first was that much more serious reaction
was at hand, but the large demand was freely
met by three prominent houses, and their ex
| ample presently encouraged others to sell
| at the advance. IL soon became apparent
that there were moro sellers than buyers and
though there was an unmistakable nerv
| BUSINESS throughout the two hours OF trading
prices gave way point by point until nearly
the whole of the improvement was lost The
| close was quiet and steady until 744c bid for
| January 1t was not until after the close
that T. became known that very large pro
| portion Of to-day sales were for Liverpool
account, and 1t was at once taken for granted
that the rise in that market had been the re-
suit of manipulation and intended to enable
heavy sales to be made TO an advantage in
this market. This impression tended 70
! weaken the feeling of holders this
afternoon. The Financial Chronicles crop
reports to-day were not encouraging but the
market is just now somewhat less sensitive
TO crop conditions than usual. 1t Is the money
pinch and the fear that the dilly dallying of
congress may prolong IL for many weeks, aud
perhaps months, that influences traders
They agree that until confidence Is restored
by the repeal Of the silver law, nobody In
this country will care TO buy cotton at any
price The mills many of which have shut
down altogether, or are greatly reducing their
production, will prefer TO purchase their
supplies from hand to mouth, and meantime
the constantly increasing value Of receipts Of
the crop. in the absence OF any American de-
mand, either for speculation or consumption,
will be forced on foreign spinners at their
| own prices. The outlook for a higher market
| at the moment Is certainly not cheering"
New Orleans. Aug. lg,-Cotton futures
| steady. with sales Of 20SO0 bales, as fol
lows August delivery soc; September de-
livery &c, October delivery SOC, Novem-
! Der delivery 6 Bic, December delivery Z O0c.
| January delivery l6c. February delivery
| 23c, March delivery 31ci April, May, June
and July.
Galveston, Aug. l9-Cotton closed easy;
| middling 6Kc; net receipts 16i bales; gross
! none; sales 374 bales, stock 1856 bales
| exports TO continent none; exports coast
! wise none; exports TO Great Britain
| none: exports 10 France none,
Norfolk, Aug. l9.-COtton closed nominal
! middling TIC, net receipts 80 bales gross
none; sales 10 bales; stock 553 bales eK-
ports to the continent 100 bales; exports
| cOastWise none. EXPORTS to Great Brit