The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-01-10
Cotton.


Liverpool, Jan. g. noon.-Cotton. fair de-
mand, with quotations barely supported:
American mIddling, 4@d; sales 1900 bales;
American, $500 bales; receipts, A 900 bales;
American 1890 bales, Futures opened
steady; demand moderate.
Futures-American middling steady, de-
mand moderate low middling clause: Jan
January and February, 2l-64d, also l964d;
FEBRUARY and March 22-64d, also 4 21-64d:
March and April, % Cad, also 21-64d; April
and NAV p Cad also 246id. % 64d and
27-64d and % Gid
Professionalism middling steady, low
mlddllng clause: January, 4 10 6IG4 206id;
ruary and March 4 81 Gid buyers; March and
April, p 6ld@4 23-6ld; April and NAV,
24-64dQ4 25-64d; May and June, 4 2664d
buyers; June and July, 4 2S6id sellers; July
and August, 29-5id. sellers; August and Sep
temDer, 3O-64694 81 Cad.
New York Jan. Cotton futures opened
steady as follows: January, 92c; February
z soc; March O6c; April l5c May, 23c;
June s Sue.
New York, Jan. 9, 4 p m.-Spot cotton
closed quiet; middling gulf 716; middling
upiands 3ltc sales 541 bales.
Futures closed easy, with sales OF 1871. 100
bales. as follows: January, DOC February,
3 SOC; Marcn, Ole; April, l2c: May, 29c;
June 2Sc; July, 8 Sac; August, Ale.
New York, Jan. 9.-The total consolidated
netreceiDts at all the ports to-day were Is, 3O6
bales; exports TO Great Britain 30,3l3 bales to
the continent 1881 bales; stock l,204,576
bales.
Total so far this week: Net receipts rs. 41O
bales; exports to Great Britain 81 40 bales
bales
New Orleans. Jan. a.-Cotton futures closed
steady, with sales of 5000 bales. as follows:
January 4lC, February 54c. March : Csc
April 14c May SAC, June 92c July soc,
August 04c.
New York Jan. 9.-The Suns review of
cotton says; There was a decline of about
10 points. due to lower prices in Liverpool,
estimated receipts at New Orleans tomorrow
OF 10000 bales, against II 700 bales at all ports
on the same day last year and sales to real
lie the late advance. Reports continue to he
received OF small stocks on the plantations
and unenumerated towns. The close was
easy. with sales Of 100 bales. Liverpool
declined TO "a points, and recovered part of
this later on, closing steady, with spot sales
! OF 1000 bales at unchanged prices. In Man
! chester the markets were dull, but steady, and
/ cloths were quiet. Spot cotton was quiet
| here and unchanged, with sales of l04 bales
for spinning. and deliveries 2OO bales. There
was an advance Of l-l6 to q at six OF the
| southern points In New Orleans there was
! an advance of 10 to 10 points from Saturday,
! Monday being a holiday, but most of this was
! lost before the close. The receipts at the
! ports were y 306 bales against Is, 0l6 this day
| last week, and p, o7s last year Thus far this
week, they are 7s,4l0 against l0i I'D last week.
| ! he exports from the ports foot up 30,3l3 to
| Great Britain and 9 ,93l to the continent"
! New York, Jan. 0.-Riordan & Co. say of
! cotton; The market to-day had one of those
! reactions which we have warned our friends
must be expected IN the course of the advance
! which has begun and which we hope will
! sooner or later lead to higher prices Liver
! pool was somewhat disappointing and our
/ opening was at smart decline, the first sales
/ OF March being at sos. After the call prices
| rapidly improved and the demand was not
! checked until March had touched 8. a. Then,
| under heavy selling to realize profits,
| the market gave way and March declined
! to SOB. A little later there was rally.
/ in which March sold at Sl3 but the esti-
mate that the New Orleans receipts to
morrow would be 1000 bales cast a
! wet blanket over the rising enthusiasm of the
| bulls and a quiet but steady pressure to sell
| was at once noticeable. The whole OF the i'm
| proyemc1t, since the opening and more. was
/ soon lost. and the close was easy with S0f bid
| Tor March. The outlook for higher prices
! later on, in our opinion. keeps good. The
| trouble is that the market remains top heavy
| with long cotton. Everybody seems to have
| bought little and is waiting for somebody
! else to pay HIM profit on his purchase. The
! 1nVarlaOle reason Of such state OF affairs
/ hitherto during the past season has been
| decline Whether a decline can be averted
now viii depend upon receipts for the re-
! maInder of the week.
| Galveston, Tex. Jan. 9.-The statement of
/ the Texas cotton crop, which has just been
! issued, shows actual deliveries from the state
! OF Texas for the first four months of this sea
son to Dec. 81, of 1497 656 bales against $40
/ 1873 for the same time last year making net
| deficit OF p 542 bales. rhe deliveries at the
! Texas SeabOard show deficit OF 1853 bales,
! and to points the Mississippi river
| north of st. Louis Of l41,l3l bales,
| but these are Offset by an increase
| in shipments via Cairo and St. Louis
/ o 75507. to New Orleans OF So $50; and rail
| shipments to Mexico of , 345. In other words,
| the deficit of l55,984 in shipments to the sea
| hoard and by overland routes north OF St.
Louis, is largely Offset by an increase of 133,-
| 442 to New Orleans and Mexico via Cairo and
| st. Louis. The deliveries from the state OF
| Texas from Jan. /, last year. were 5Ss 325
| bales; the commercial crop of Texas last year
]