The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-12-23

uary, nc; February, soc: March, SIC;
April. 9dc. May Ole.
New York Dec. - 4 D. m.-Spot cotton
closed quiet and firm; middling gulf s 3i6;
nliddling uplands l5-i6c; middling orleans
C; sales gu bales
Futures closed steady. with sales OF 1856 200
bales, as follows: December. 5Sc; January,
Z Sc; February, d c; March, nc; April,
s5c; May, CSC; June, S ole; July, O7ci Au-
New York Dec 22-The total consolidated
net receipts at all the ports to-day were ~ e6i
bales; exports to Great Britain 692 bales, 70
the continent l5,SSi bales; To France 1907
| bales stock l, eSS bales.
Total so far this week; Net receipts 297 20
bales; exports to Great Britain i57 .5E BALES
to France 2o.59s bales, to the continent 1925
bales.
New Orleans. Dec. 22.-Cottou futures closed
steady with sales of $500 bales, as
( follows: December &C, January lYc. Feb
| ruary &c. March 42c, April sic, May 60c
June CSC. July 76c
New York, Dec. 2s.-The Suns cotton arti-
Gle says: There was an advance early in the
daY, owing to rise in Liverpool and some
covering OF shorts. but later on the market
took downward turn, owing to large receipts
at the ports and interior towns and prices
closed barely steady al a decline for the,dav of
TO ~ points. Large receipts at southern
markets make many opera ors skeptical in
regard to the recent small crop estimate.
The sales were 1855 200 bales Liverpool ad-
vanced led on spot and 90 S's points for
! future delivery, closing firm with spot sales
OF 1900 bales. In Manchester the higher
prices asked for yarns checked business, and
| in cloths there was very little doing, New Or
leans advanced to S points but lost this and
declined 8. Spot cotton here was quiet and
unchanged sales Of "a bales for spinning, and
deliveries OF / go. There was an advance of
l-t6c at three southern markets. Southern
spot markets were generally steady or hrm
at unchanged prices. New Orleans sold 5000
bales. Exports from the ports to-day we're
very large Receipts at the ports were 50,5gp
bales, against 1925 this day last week
and 2s,7i7 last year. Total for the week
$50 l72. against 296,s50 last week and 1873, 30S
last year. Interior receipts for the week we're
Sc sos bales, against 80 400 last week and IL
1874 last year. Shipments, 90 4sl bales, against
,6S4 last week and 67.s65 last year, and in
terror stock, 40S 4S7 bales, against 3SS 207 a
week ago and 1893 0i2 at this time last year.
New Orleans receipts tomorrow are esti-
mated at 5000 and 1900 bales, against l0S94
on the same day last week and sos last wear
New York, Dec. 22.-Riordan & Co, say OF
cotton; The last business day before the
Christmas holiday finds cotton men both here
and abroad about evenly divided into three
distinct classes: First, those who believe that
the yield this season cannot exceed 7200,0O
| bales and that 1t may turn out to be even less
than in years These men attribute the heavy
receipts to money Strlngency in the south and
to unexampled rapidity with which the crop
has been gathered and marketed. They think
a rapidly decreasing movement early in the
New Year will VindiCate the correctness of
| their Judgment. OF course they expect
much higher prices. Second, those
who insists'the crop Is certainly over 800 900
| Ddlcss anu perhaps muCl nearer S,UOu,uUO
bales They point to the receipts, which
| seem 70 be increasing, relatively, instead of
| diminishing, which they take as proof that
the small crops are all wrong, being based
upon universal and systematic local misrep-
| resentation Of the extent of the yield. They
| profess to be confident we shall see the
spring months selling good deal lower than
| they have yet sold The third class is com
| posed Of traders who candidly admit that they
are in great doubt as to the outturn
| OF the crop. and the probable course
of prices. These are watching all the deyel-
| opments very closely. and changing their po-
| sition from the bull to the bear side, and vice
| versa, on the slightest provocation. The buy
| ing and selling Of this class is the main cause,
| just now, of the nervous fluctuations in the
market. We, ourselves, incline to the opin-
| ion that the crop at best is but moderate
| one. and that prices will be higher before
| many weeks have passed. But an unmstaka-
| BILE shrinkaPe in the receipts must Irecede
| any advance. When this shrinkage win
come is the question II the move
ment should cont'nu heavy after January,
many holders will sell out in disgust, and the
| liquidation may cause a considerable decline.
| Liverpool to-day sent us an encouraging re-
| port, and our opening was a. a small advance,
| March selling on the call at TSSc. A little
later it advanced to 79c But the port and
interior movement was heavy, and rumors
that the port receipts for the coming week
will be 270 900 bales against l59,707 bales for
the same week last year, caused free selling,
under which prices broke sharply. The close
was barely steady, with 7.77c bid for March. "
COTTON TABLE.