The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-05-01

Michigan Central 971s do do nref as d
STATE BONDS.
Aiaoatha 49,. 70 Tenn, new set IS IO5s5
10 6-'.''---.....lO3 Tenn. new set SIS lOl
T q -. - w lenn. new set IS. 1871
La Ia. stamped As. 100 Virginia 6's pref so
NorthCarolinai Is 80 Va. Trust Rec'ts az
NorthCarolina5s l2I1lIVa. Fund'g Debt, "a
Tennessee, ODDS. GO
GOVERNMENT BONDS
UnitedStates IS, reg stored. 119s<
CnitedStateS As, COUPONS ~ d
OHiteo states %, registered. s6L
New York, April 8o.-Treasury balances ru
today were as follows: Coin. slO2, 7Os, 900: cur
London, April 3O-The bar silver market
too-oay has heen steady, and was quoted at
zg5sd per ounce.
Cotton.
Liverpool, April 30, noon.-Cotton-Ou iet.
moderate demand; prices unchanged: Ameri
can middling, 4 1-16d; sales 1000 bales. Amer
icah, -- bales; speculation and export. 500
Daies' receipts 5000 bales; American 4OO
oales- Futures opened quiet; demand mod
Futures-American middling fair low mid
Ing clause: May, ID; May and June
oI-oid, also 6O64d June and July 63-64d
also s 626id; July and August. 36id, also
. o2,o4d; August and September 4d. also
64-64d; September and October. 4 Lid
also 80; October and Noyem5 Der. 4 2-64d
also 4 l-64d; November and December
= SI S99 also 2-o4d; December and January,
4-6id' also Gid. Tenders at to-day's clear,
lngs were - bales new dockets
p. m-Cotton, America uiddlipg fair
41sd; good middling, 81 led; middling 4 ll6d:
9o ~ ,ed hL o,s; 10 l6d good ordinary,
Futures-American middling fair, low mid
ding clause: May, 3 5y-64, BUYERS. Nav and
June IN 3 5g-6ld, buyers; June and July,
value; August and September 63-6id
buyers; September and October Id
buyers; October and November, 1 GId
sellers; November and December, 64d
seiiers; December and January, 4 Gid
sellers. Futures closed steady
New York. April 80, noon.-Cotton futures
opened steady, as follows: May, lsc June
7 Soe; July. 26c; August 1910. SEPTEMBER
New York, April 30, p. m.-Spot cotton
closed quiet; middling gulf 75sc middling
uplands vac; sales ls2 bales.
,a 61 1d closed steady with sales OF
l3o,3OO bales, as follows: May, u 9c: June
Z c; july, &c: August. 25c. September
2oc; october, Bic; November, Soc; De
cember' Z ale; January, 47c
New York. April 39-Total consolidated
net receipts at all the ports to-day we're 785I
bales; exports TO Great Britain 2 934 bales. to
frame 2S9 bales, To continent 1870 bales;
stock 6l0.303 bales.
Total so far this week: Net receipts II 7s6
bales; exports to Great Britain ] .563 bales
to France -SJ bales. to the continent 10 l40
bales.
New Orleans, April 3O-Cotton futures
closed steady, with sales OF $1,000 bales
as follows: May SIC June sc, July g5c
August CSC, September g9c, Octouer Ole
u nc.
New York April 3O.-The Sun. in its review
Of tOday's cotton market, says: 1T could
hardly be said that there was any new feat
ures In the cotton market to-day. The same
depressing features which have brought
about the recent decline were still observable
and still operative. Expressions at home and
abroad. dullness Of trade, and discourage
ment among the bulls, caused further lidui-
datlon' and increased the confidence
OF the bears. The market showed
depression all day. The dry goods
trade seemed to be in a rather less favorable
condition. The speculation is dull and the
sales OF the actual cotton are disappointingly
small. One firm said: What this market re
Qulres is that there shall lie buyers for the
summer months, or that there shall be a bet
ter demand for the unsold cotton out of the
present crop; otherwise it means the carving
over OF large stock, and that means
that notices will be rendered each month
as they mature, and there VIII be no one to
take the cotton. On the other hand, present
prices are below what even the bears gen
orally have been expecting There is an al
most unlimited supply OF corn and wheat but
there is only one character of cotton that can
be dealt in speculatively, and the American
crop promises to approximate for some years
to come, perhaps, between 100000 and
100000 bales. We mention this because
there seems to be no reasonable
analogy between the low price for
wheat and the price of cotton.
The bears, on the contrary, argue that cot
ton should go lower because wheat has de-
cilned so materially. One thing is certain,
that speculation, better trade conditions and
unfavora lie crop conditions are necessary to
stimulate prices. If one of these, or all of
them, may develop when least expected it
would not seem to be conservative to be sell
ing the market down at present figures as
the majority seem TO be doing in the two
future markets of this country, as well as at
Liverpool, and yet the market has very little
support"
New York, April 3O.-Riordan g. Co. say of
cotton to day: There seems to be no bottom
to the cotton market. Everybody is afraid
to sell short, and yet the market sinks under
the sheer pressure of cotton which the spin
nerS will not take. and of speculative hold
ingS, which the owners are tired of handling.
Liverpool was hardly as bad as was expected
and our opening was only point or two
lower than Saturday closing prices, August
selling on the call at 7.3lc, but the offerings
so largely exceeded the wants of
traders that the prices soon yielded.
way until, in the last hour, August
was offered at 7.24c. A little covering by
shorts caused a slight rally at the last and
the close was quiet and steady with 7 .25c bid
in from spectators, who, on general princi-
pies, think that cotton is low enough and a
reaction is due. But these purchases are by
no means sufficient 10 absorb the constant Of
feringS of the holders who bought at much
higher prices and who want to stop their
losses. OF course sharp reaction at any
time would surprise NOBODY, but the feeling
here is that the general trend Of prices is
downward and that nothing but very bad
crop news Will avail to check the dee ine.'