The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-10-03

Manhatt an. -.....l 1921 Western Union. 81
Memphis 8 Char. 10 Wheeling 4 L. f. l2A
Michigan Central. glia do do pre-. ~
STATE BONDS
Alabama, class % Tenn,new set. 6s 9Sla
Alabama, class IS Tenn new set. IS. 81
LouisianacO1s Is. o. Virginia Is. ....... 80
North Carolina Is 80 do ex-mat.coup. IS
North Carolina6 s ll2 Virginia consols.. 80
Tennessee, ODDS. 60 s. Caro- Browns. .
GOVERNMENT Bonds
United States As, registered ...........l1O
United states IS, coupons ................llO
United States Observation-Disclosures. 90
+Askei. ibid.
Cotton.
Liverpool. Oct. ., noon.-Cotton, moder-
ate demand, freely met: prices unchanged
American middling 4lad; sales 10000 bales,
American 400 bales; speculation and ex-
port 900 bales receipts 1000 bales all
American Futures steady; demand moder-
ate American middling fair, low middling
clause: October, 23-64d; October and No
vember, - 645G4 2l-64d; November and De-
cmber, 2264614 2l64d; December and Jan
uary, 24-6i4 23-6id; January and February,
20 64d6l4 % 4614 25-64614 24-64d; February
and March, 4 2s-6iG1 27-64d; March and April
4 3l-64G4 30-6fld4 29-64d; April and May 80
64d. Tenders 700 bales new dockets.
p: motion, American middling fair,
lo-l6d; good mlddling, 4asd, middling, 414d !:
nominal low middling, 43sd; good ordinary
| A; ordinary, Lied. Futures-American
middltng fair, low middling clause: October
7.
| 6iG14 23-6id; November and December, %
cid sellers; December and January, 246h0
| % cid; January and February, &c 646l4 ~
Sid: February and March 2S 64Gl4 20 64d :;
March and April, 3l-64d, sellers; April and
May, 33-6ld. sellers; May and June, 35-64d,
buyers. Futures closed firm at the ad-
vance.
New York Oct. . noon.-Cotton contracts
opened steady at unchanged prices to points
decline. but rallied 206l24 points on a crop es-
innate OF 6sOOOOO bales, and are now easy at
1916 points over SATURDAY.
New York, Oct. Cotton futures opened
firm, as follows: October. 66c; November,
Z nc; December, SIC; January, Ole; Feb
ruarY, l6c March, 8 23c.
New York, oct. ,, p. m.-COttOn closed
dull; middling uplands l-16c, middling Or
leans 5-l6c, good ordinary Is l6c, low mid
ding 755c; sales GLIB bales. New cotton was
offered at 1ac under quotations.
Futures closed barely steady, with sales of
273.SO0 bales as follows: October, 74c: No
vember, Sc; December, y5c; January,
G7c: February, l6c; March, 27c; April,
Soc May. 44c.
New York oct. 2-The total net re-
ceipts of cotton at all the ports to-day we're
| 43,ill bales; exports, to Great Britain 1871
! bales to France l6l bales; to the continent
l4O46; stock 46J ,392; total so far this week: re
| ceipts 71.727 bales; exports to Great Britain
| 4214 bales, to France S44 bales to the con
| tinent 1886 bales.
! view says: There was large speculation,
and the fluctuations in prices took a wide
| sweep. At first there was some weakness
| here, owing TO a slight decline in the Liver
pool market, but a published crop report es-
| innate of 6.SO0000 bales, rally In Liverpool
nda covering Of shorts on a largescale, soon
G G4ses ors sharp fIme 2dy2ncG and
cases IL to 20 points above the last prices
Of Saturday Later on, however, there was a
| downward reaction, due mainly to large re
ceiptS at the ports. Some of the estimates for
the week are gu 900 bales larger than for the
same week last year, and New Orleans to-
morrow Is expected to receive 5000 to 600
bales more than on the same day last year.
Cooler weather was predicted for some parts
of the cotton belt, and there was a very heavy
rainfall in Louisiana and Alabama. The mar
ketls sui quite nervous one, and is governed
perhaps more than ordinarily by the
and the receipts at the ports.
The close was barely steady, with sales
OF 23l SUI bales New orleans advanced to
II points, but lost much of this. Spot prices
here were l-l6c higher, with slles of 143 ales
for spinning and deliveries on cotract of 5000
bales. New crop &c under old. Receipts at
the ports are estimated at A. 900 bales against
1851 this day last week and 3S GAG this day
last year. Augusta received A. 1856 bales against
2,679 this day last week. Liverpool declined
hmlc, but recovered this and advanced 2
points, closing firm, with spot sales of 10,OOO
| bales. In Manchester warns were quiet and
steady and cloths dull"
New York, Oct. 3.-Riordan g. Co. say Of
cotton: 1t was very wild market to-day.
The feeling of many OF the traders that the
crop is smaller than is generally believed
found definite continuation in the estimate
published today by Mr.. Shepperson, the cot
ton statstician, of 6S00,000 bales maximum.
! This changed the temper Of speculation. The
shorts rushed into cover and January, which
opened a &c, climbed to S.23c amid much ex-
element. Realizing sales of long cotton
checked the advance and for the greater part
OF the day January fl Ictuated between S.15c
and s.l9c. But the report of
heavy receipts at interior points led
to a fresh selling movement, which was es-
pecially vigorous in the last fifteen minutes
causing further decline of about points
The close was barely steady, with SOC bid
for January. After the close there was a
somewhat better feeling and l0c was bid for
January, with no sellers HencefOrth we
think 1t likely chat the bears will not have
everything their own wav. Though receipts
may continue heavy they will he shorn of
much of their damaging force if smaller crop
estimates get prevalent The next bureau
report on, Oct. 10. already begins to loom up
as lion in the path Of the bears. Altogether,
though, prices may be hammered lower. We
regard the outlook for the friends of cotton as
more encouraging than it has been of late