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

] with prices O. little above the lowest ever
I known There was au almost continuous ads
. vance iu prices uutl the last % November
I when decline set Ca which continued
throughout the season with slight nuctua-
( lions
il is believed that the coming season viii be
I au Improvement over the last Tor the plan
! trrs ~ Il is confidently expected that good
I prices VIII prevail The outlook Tor large i'm
/ creased crop however Is not very favorable.
] As the visible supply OF cotton on Sept /
| 1893 was only 5000 bales less than that OF
/ sept. J. 1872. the invisible supply must be
+ greatly reduced. and Is good demand from
| sp.nncrs may be looked for this season.
/ The situation of the savannah market.
I during the season of 1892 g3 IS given in the
/ following summary. hy months. from the
/ opening OF the season on sept. /. 1892 10
/ the ending Of the crop year on Aug. 81. 1898
Seplemoer-The season opened az CSC. for
! mlddlng with fairly good demand during
! the nrst week Of the month. a number OF
] buyers held on, however which was attributed
! TO the uncertainty Of shipments 10y CoaStwise
] steamers caused by the cholera scare at New
! York and the detention Of European steam
/ crs- The market became trmer al the END OF
| the week and advanced l-l6c. but fell again.
| Ii declined again Is in the middle OF the
| month, but as more buyers came into the
market the quotations advanced NC. there
! being an active demand This caused a more
! Duoyant feeling among the factors and prices
| were held up. During The latter part OF the
month the market became dull again. owing
| TO the natural reaction following a too rapid
| advance during the first half Of the month,
| consequently there was but slow m ovemcnt
| TO the ports. The market closed at nc for
mlddHng The receipts for the month were
| ll0739 bales
October commenced with a better feeling
| than at the close of September There was a
| fairly active demand. and prices advanced Is
| all around. There We're pretty lively sales for
| a few days which absorbed pretty nearly all
| of the Offering stock rs the receipts began TO
| fan of. Near the middle Of the month
| the market became dull again and
| prices were easier and declined i6c all around
| The receipts from the interior towns contin-
ued 10 fan of A the latter part of the
month approached, prices began to steadily
advance influenced by the favorable Liver
poo reports and the lightness OF the receipts
at this port, prices were 3-I6tO 5-lGhigherth than
they were about ten days before NOtwth-
standing the active demand during the early
part of the month, il failed to substantiate
the advanced prices, and buyers Cvinced but
little interest Selling became unsatisfactory,
as the large supply in Europe was sufficient
! forthe spinners to draw from. The market
closed AT nc for middling. The receipts for
the month were 2ll4Ol bales.
November opened irregular and unsettled
Prices saEged of fully l6c to the slow tax
ings OF foreign Spinners and slight squirt in
the local receipts. AT the end Of the first
week, however, there was "a little demand
which resulted in "A fairly good business The
sales were good and prices rapidly advanced
&C with strong and active demand during
the middle OF the month. The receipts again
began to tall of and better feeling pre-
vailed. The prices continued to advance, but
reaction set in at the latter part of the
influence of the controlling markets There
was a very slow inquiry resulting from the
scarcity OF orders, and there was again a de
cline caused naturally by the too rapid adj
vance during the early part of the month
Mlddling closed at &c. The receipts for the
month were l65.OO3 bales.
December was uShered in with very un-
easy feeling in the market, due to depression
in the controlling markets. caused by the fears
of hostile legislation as embodied in the anti
option bill and a slight squirt in receipts The
IRnTn-Ginur o. u,
cal market. causing prices to sell down to &c
for middlin9, A reaction set in, however,
when the belief became general of doubt
about the passage OF the anti-OptiOn bill ana
prices advanced for contracts; and the spot
market followed. There was no great inquiry
however and the market soon became quiet
and weaker, falling off &c. At this time the
stock began to bank up slightly Toward the
later part of the month the demands were bet
ter and there were large sales There Was a
continued nrm undertOnt ana prices advanced
l-l6c. The month closed with middlng quoted
at 1l6c. The receipts for the month were
81, 623 bales
January opened with the spot market pre-
senting decidedly ;hrmer undertone and
prices during the first week advanced fully
&c all around. A conservative feeling, how
ever, dominated among buyers, and while
there was "a steady demand the trading
lacked snap Most exporters were only dis
posed to absorb offerings in a moderate way
or as urgency OF orders required, so that the
strength exhibited bad but very poor effect in
stimulating buying. The market was wei!
sustained however, by the very light receipts
at the ports, and to the fact that few holders
We're forced to sell for need of money In the
speculative markets the fears regarding the
anti option bill still prevailed. The market
then became generally quiet and the move
ment rather sluggish, and about the only
feature toward the middle of the month was
a drop in values The demand continued
SLOW and exporters DISPLAYED no qr-
the transactions from day to day were Of "A
hand to mouth character Receipts were again
very light at the ports and adyices of un-
favorable crop reports from India were con
nrmed This fact, however, had no effect
upon the controlling markets and the heavy
liquidation in New York and the fears Of the
passage Of the Hatch bill caused values to
slough of, The receipts still continue steady
and in full volume at the ports There was
an advance IN New York during the latter
part of the month, and prices for spots be-
came hrmer; there was only nominal de
mand and the sales We're very small. The
month ended with middlings closing at qLlc
The receipts of the Wonth were 4O,9S7 bales
February showed no material change dur
ing the opening week. The market continued
dull and more or less easy, and prices We're
reduced &c all around Trading was light.
but after the decline a fair business was &C
cOmplished for a few days. The situation at
this time was anything but satisfactory, and
the outlook not very encouraging The pass
age Of the anti option bill by the Senate was
rather anticipated in the controlling markets
and had no great influence either way, but
the situation became more complicated by
the continuance of the strike in some of the
English mills. There was no demand in Liv-
erpoOl, and the spot market continued dull
Towards the middle OF the month, a better
demand was developed in the spot market
though prices steadily fell of to sac for mid
ding. The heavy decline in prices led some
of the largest holders to let go, which re
suited in pretty full business at this
time Considerable of an uncertainty in con
trolling markets occurred and some of the
authorities raised their figures on their es-
Inmates of the size of the crop. The market
began to decline and on the 10th a reduction
of fully 3lbc. had been scored. Then, how
ever, a irmer feeling set in, with an upward
turn OF prices and the previous loss was fully
recovered. The weakness few days before
had stimulated buyers. who took advantage
OF the situation and absorbed the offerings
pretty steadily. Prices were well maintained
through the latter part of the month and adj
vanted Bloc. in all grades. The demand con
tinued and the Offering stock was con
Slderably diminished by the takings Of
past three weeks and sellers were not pushing
business, rs they considered the range OF
prices low enough. At the close of the month
the demand fcll of and the prices followed
Advlces from abroad were Of a weak and de
pressing character. The market closed at
1916 for middling. The receipts Tor the
month were ~ .437 bales.
March began with fairly steady market
There were not many buyers in the market.
the operations OF exporters during February
having ,oVered all OF their orders. Sales
however. went on from day TO day. hut in the
aggregate We're small The market continued
To display considerable ~tp1QlnCSs under the