The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-01-28

rency, S32, 1924
New York, Jan 27.-The weekly state
ment OF the associated banks, issued by the
clearing house to-day, shows the following
changes.
Reserve increased ..................S6 9Ss $50
Loans decreased ............. Qi49UO
Specie Increased. .....,............ S265,IOO
Legal tenders increased ............. 1860 $50
Deposits increased Observation-Disclosures. bSss 200
Circulation decreased ............., Is 900
The banks now are siO9 .O4S, 600 above the re,
quirements OF the % per cent. rule
Atlanta, Ca, Jan. 27.-The clearings OF
the associated banks for the week were
81, i72, 676,
Liverpool, Jan q, noon.-Cotton-ou
Tree supply Offering; prices easier; Amer
lean mlddling, AID; sales 5000 bales; Amer
lean 4,oOO bales; speculation and export 500
bales; receipts, ~ 600 bales; American II ,7C0
bales. Futures opened easy; demand mod
crate.
Futures-American mtddling fair, low mid
ding clause: January and reOruary, lO-6id;
February and March 11-64d, also 106id;
March and April, 12-64d, also 4 ll-6id; April
and May, l4-64d, also l3-6id; May and June.
Z l664d. also l56ld; June and July, 1S-64d;
July and August, l9-64d; August and Sep
TENDER, 20-64d. Tenders at today's clear
ings were - bales new dockets
p. motion, American middling fair,
ll-l6d; good middling, 4Sd middling AID:
low mtddling, 4sd; good ordinary, Adj ordi-
nary, 313-16d.
Futures-American middling fair, low mid
ping clause: January. 9.6lQ4 l044d; Jan
uary and February, 9-6t61l 10 SD, February
and March, 96484 10 CAD; March and April.
il-e4Di l9-64d;, April and May, 4 1860,
sellers; May and June; l464@4 l5-64d; June
and July, is 64G14 l764d; July aud August.
lg-64d, sellers; August and September,
1s-64@4 2O64d. Futures closed dull at the
decline.
New York, Jan. %, noon.-Cotton contracts
opened steady at 30o4 points decline, loss
OF points, but rallied on local covering, and
closed very steady at Sdl7 points over yester-
day.
New York, Jan. 81. noon-Cotton futures
opened steady, as follows: January, 69c;
February, roc; March, s7c April, Csc;
May 02c; June, s Csc,
New York, Jan. ~. 4 p m.-Spot cotton
closed quiet; middling gulf 5-16c; middling
upands ll6c sales none.
Futures closed steady, with sales OF 1890
bales, as follows: January, 79c; February,
7yc; March, SIC; April, ESQ., May, 02c;
June. Csc; July, l3c; August, 8 l7c
New York. Jan 27-The total consolidated
netreceipts at all the ports to-day we're "a i49
bales; exports TO Great Britain 6,206 bales, to
France -- bales to the continent 1881
bales; stock ,093 1871 bales.
Total so far this week Net receipts "a l49
bales exports to Great Britain 62O6 bales,
to France - bales. to the continent 1881
bales.
New York, Jan. 27-The total visible
supply of cotton for the world is 4,e04 e0i
bales, of which 4,O8370l bales are American
lively, last year, Receipts this week at all
interior towns 77,572 bales. Receipts from
plantations 49, 7s bales. Crop in sight 6,O47 $50
bales.
New Orleans. Jan. 27.--Cotton futures closed
barely steady, with sales Of $500 bales, as
follows: January C, February7 Doc March
44c April soc. May &c. June 72c, July
79c, August Soc, September &C.
New York Jan. 2.-The Sun, in its review
Of the cotton market, says: Cotton declined
3Q5 points, but gained this and advanced Glb7
points, closing very steady. Sales 81 300 Lales.
Liverpool declined 2lSM3 points, closing dull
changed prices New Orleans declined
points but recovered this, and advanced 6l17
points and then lost about half
the rise. Spot cotton here was quiet
and unchanged. No sales. Southern spot
markets were generally quiet, firm
and unchanged. Galveston and Mobile
advanced l-l6c. and Charleston &c. New Or
leans sold 700 and Memphis 1,525 bales.
Port receipts "a, 149 bales, against 26449 last
week, and 10 1863 last year. Exports 6,206 to
Great Britain and 1881 to the continent.
New Orleans receipts on Monday are esti-
mated at 1900 against 9527 last Monday and
$3.50 last year. Memphis received 400 bales
against ,5S8 last year. st. Louis 688 against
$50 last year: Houston received ,791 against
sos last year, and Augusta l75 against 1856 last
year. The fear OF that perpendicular falling
OF in the receipts is like the skeleton at the
feast TO many bears or like another Banquo
that will not down. OF course it troubles the
in the good sized cinnamOns, polars and griz-
lilies before very long. The fear OF a smaller
crop movement accounts for the advance to-
day more than anything in the
actual news. Bears do not forget
that the arrivals at the ports and
the interior towns for the week ending
last night gave them what the French call a
bad quarter OF an hour Moreover, some of
the interior towns to day ran behind the re-
ceipts of the last week of last year. The New
Orleans estimates for Monday were not
Ill.
mates have lately been. The southern spot
quotations were firm, or slightly higher.
The exports continued large. One draw
book "a fly in the amber, was the de-
preston in Liverpool, and so far as the
actual receipts at the ports were concerned,
they were about 1900 bales larger than on
this day last year. Then, too, the receipts at
the ports for this week are now estimated at
anywhere from 900 to 10000 bales, against
50, 141 bales for the same week last year. But
will the guesses prove as wide of the mark as
they were last week? New York and New
Orleans bears bought rather freely TODAY
and. though there was some de-
cline early In the session, in sym
pathy with Liverpool, yet the net
One firm said: We think receipts during
this month will be about 7t5 600 bales. against
434 900 during January last year. after which
for the seven months from February to Au-
gust inclusive last year, the port receipts
were slightly over loo 900 bales. Hence
sharp falling of is needed TO bring the move
ment down to 100000 basis compared with
1929"
New York, Jan 27.-Riordan & Co., say OF
cotton to-day: Cotton has taken a some
what erratic course during the week just
ended. The port movements turned out TO
be far in excess OF all estimates; the supplies
from India and Egypt seem to be increasing;
trade in this country shows no marked i'm
provement as yet all the influences that or
dinarily sway the market have been of a de-
pressing character; and yet cotton since last
Saturday has not only stubbornly refused TO
go lower. but has shown a de cided tendency
to advance. and closes to-day very steady,
within or points OF the best prices of the
week Liverpool 10 day sent us very dis
decline OF 4 or points, March selling on the
call at INC; but the market soon rebounded,
as IL has done for the last two days and, after
two hours Of very spirited trading, closed at
an advance Of 10 points from the lowest. The
final price CT March was 7.S7c. After the
close prices were sitter The bulls account
for the steadiness with which the market
holds its own in the face Of adverse conditions
by declaring that even IL the crop should be
that the drop In receipts which has been
so long expected will surely come
soon. and will be all the more
startling because Of its postponement;
and that the time Is at hand when the
American spinners will be scramblinR for
whatever cotton the exporters have not al
ready grabbed. The bears laugh at all this
They say that the bugaboo of exhaustion is
played OUT that each week will show more
clearly that the crop has been largely under
estimated. that trade is too helplessly dull TO
make genuine bull movement possible, that
the spasmodic advance OF late has been
simply the result ola scare among some Of the