The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-11-21
GOVERNMENT RoNDs

North Carolina Is "a va. Trust Reefs. IS
North Cardinals 10 va. Fundg Debt SO
tennessee, ODDS. 60
GOVERNMENT BONDS.
United States As, registered. ..........1l2If
United states Is, coupons ................1l23t
United States rs, registered. ............ 94l5
asked. ibid.
Cotton.
Liverpool, Nov 20, noon.-Cotton, moder-
ate demand: freely met: DriceS easier.
American middling, 4 7-l6d; sales 900 bales;
American, 690O bales; speculation and export,
800 bales; receipts, none. Futures opened
steady, demand fair
FutureS-American middling low middlfng
clause: November, 4 lS,6Id November and
December, l7.64d4 1S-64d; December and
January, lS6td4 3 64e; January and Feb
ruary. 1850 lg6id; February and March,
lo64d4 l9-64U4 20 Cad; March and April 4 20
6Ad4 2l-6i a p cad; April and May 4 2l-6l0
% 68d4 2364d; May and June, 4 2364d4 24-64
al 25-6id; June and July, 25-64Il4 26 Cad.
Tenders 100 bales new dockets.
p motion. American middling AID;
good middling, 9-l6d: middlng. Z l6d: low
middling, 5-l6d; good ordinary, 3l6d; ordi-
nary "A.
Futures-American middling low middling
clause; November, 4 l7-64G1f 1S-6id; Novem-
Der and December, 17-6ld. sellers: Deem
Der and January. 4 l66404 lT6id: Jan
uary and February, ( II Cad, buyers; Febru-
airy ana March Is Gid. buyers: March and
April, - 64Q4 206id; April and May, 21-6ld,
buyers; May and June, 23-6id sellers: June
steady at the decline.
New York Nov. 49, noon-Cotton contracts
opened steady at l62 points advance fell
20 points, and are now lag points below
Saturday.
New York. Nov. 20-Cotton futures opened
steady, as follows: November &C; Decem-
Der, SIC; January, : Ole; February, z 79c;
March 06c April, 4c.
New York, Nov. 20 4 p. m.-Sp0t cotton
closed quiet; middling uplands 1870; mid
ding orleans 3-l6c; low middling Sl6c;
sales AS bales.
Futures closed firm, with sales of 1874. 700
bales as follows: November. Z i9c; Decem-
Der, sic; January, SIC; February, 95c;
March O2c; April, lOc; May, lSc; June.
82ic.
New York. Nov, 20-The total consolidated
netreceipts at all the ports to-day were &C, SO4
bales; exports to Great Britain 234i5 bales TO
the continent 6149 bales; to France ......
bales; stock ,O74 449 bales.
Total so far this week: Net receipts 109.O2
bales; exports to Great Britain IS 4lg bales,
TO France l2,577 bales, to the continent 7,799
bales
New Orleans Nov. 20 Cotton futures closed
quiet, with sales of $1,000 bales as
follows; November &c, December Z 36c
January sc. February 62c. March nc
April SOC, May SIC, June 94c
New York, Nov. 20.-The Suns cotton re
view says; Heavy long liquidation, due to
large receipts at the ports, caused a decline
OF 10 points at one time to-day, but covering
of shorts caused rally towards the close,
which left prices to points below the last
y
was firm, after sales OF 26l,70O bales The
selling was largely by the south. and partly
on stop orders. Europe covered to some ex-
tent on the decline The receipts this week
were again expected to reach large figures
The dullneSS OF trade here and in Europe and
the large receipts are the weak points. Liver
pool de lined 2ponts, and closed steady, with
spot sales OF 500 bales. In Manchester
yarns were duh and cloths quiet. New Or
leans advanced to points. but lost this
and declnedS to 10 points, much of which
" mot. vNpfan n
lower with sales of 245 bales for spin
ming. There was a decline of 1-l6c. at four of
the southern markets. New Orleans sold
5000 bales. The receipts at the ports were
S. SOi bales, against 1897 this day last week
and 80, l54 last year Total thus far this week
l09,O2l bales, against 96904 during the same
time last year. Exports from the ports we're
80 3s0 bales. The receipts at New Orleans to-
morrow are estimated at Il, 900 to 20 900 bales,
against 2O,543 on the same day last year.
New York. Nov. 20.-Riordan & Co say OF
cotton; Liver pool was again lower today
the receipts everywhere heavy and our mar
ket, though opening at a slight rally. gave
way under the pressure Of forced sales Of
long cotton January opened at 1899 de-
cline1 TO nc, and recovered In the lac trad
ing to 7.s9c. The close was firm, with 1870
bid for January. We are constantly asked b
wire: Is the liquidation over have we
touched bottom: Nobody can give a trust
worthy answer to thes ? questions A great
deal OF long cotton has certainly been sold
out ring the last few days, and the sales to-
uiA NClC NSBCCIdltN LtdNA. bLL we rear IDdl
there is far too much poorly mar
gined 'tt9n still hanging o5er the mlr-
lIet to jus ify COZ Fl lence that we have
seen the lowest pr, eS If the receipts should
become more moderate the question would
be settled very quickly in favor of the bulls
But everybOdy has become incredllOas of a
drop in rece p 8 yet awhile The best that
can be said 10 mat the market IS nervous and
}nsitiVe and that a favorable Liverp o or
any other encouraging intucncemight cause a
lively reaction But we would caution our
friends against taking it for granted that the
first recovery of / or 20 points is the begin
ming of a boom We do not believe that the
present low prices will last until Christmas
But we may have many false start upward
before then"
New York Nov 2O.-Atwood Violet & Co..
say Of cotton o day: Liverpool gave some
cncolragement to buy on this 5 d ,, and a con
siderable amount Of contracts were bought
against sales in New Orleans. at differences
Of ABOUT % points and this help ID to hold the
market at ABOUT 790 for Januar Tor sometime.
Some liquidation OF the long interest Began
and thus was accelerated by stop orders ald
further bear selling which carried prices
down until II points were reached below
Saturday prices. The receipts at New
Orleans tor to-mOrr DIV. estimated at 10 100
bales, also helped the decline, and the abSe ace
Of selling orders az this lime became evid mt,
which the bulls took advantage CT and 20 cd
the p"1Oes upward a % 1t II points from the
lowest. fron which advance there was a
slight decllae. ne pOrt mo- emelt today OF
g. 0 { bales, aglirs 5000 bales las wear in.
ulC1ltS u ulJ bLl @ll lDlS week approx ID 4Iln
that Of last week AID h . amount com into
gait Of abo I 3 $40 bales aEa.nst about
325 90 bll.s list year. Our OPINIONS. Jcs1 ex-
PRESSED before the lose OF the mlrket, that
we would likely be lower TO morrow, was
basel upon the idea that Liver ooI is much
more likely o de line than improve and
for the lrther reason, too, that
unless they should be better We shall decline
because we are only points worse than
SATURDAY. whereas liverpool is luivalent to
6poin,s lower-the closing there being points
lower than Saturday, after having been at one
time to-day, ! point higher tkan Satu. day.
We lnnOt autici pate a spot demand taat
viii give any rallying power in the market at
the nome 1t except for temporary improve
ments. There will be time to buy cotton
for a profit, and, perhaps. considerable pro
t's, and we shall enaeavor to keep our
trends well advised as to the time when this
may realized. The spot markets to-day
DO not indicate any activity on the contrary a
dis OsitlOn TO realize. Our inform tion from
the south to-day continues of the same char
acter to the probable out turn of the crop,
viz rapid marketing and but small per
ccntage uupicked
COTTON TABLE.
Tone. Md. Rec. Sales. Stock
Easy y-lG 1881 1891 176 ggO
Norfolk Easy "a peg 1,es5 95.599
Roetou Oufnt I.f6 GlO