The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-05-20

do pref. ....... SS54 Natl Cordage.... 1881
American Tobeo- s21 do do pref. 80
40 pref. - Ss4lN. J. Central. go. 1881
Atehlson. T.& ST. 90 N Y. Central. go. S7iz
baltimore Ohio. y n. Y. n. E.. 32
Canada Pacific. s. MORT. s. West. pfd.. p
Ches- Ohio. 1873 Northern Pacific.
Chicago s. Alton. I39 do preferred Is
Chicago. b. Il O.. rs Northwestern lO7
chicago Gas 65B do preferred. l40
Del, Lack W...i60 Pacific Mail. 800. IL
East Tennessee s., R FII . Tminai = 70
90 pref-,-..... II Rock Island. zee. GA
Ere ..--.-.......-- IL Isl Paul .-.-...... 5S9s
Ed. Gen. Electric S5% silver Gertif';s.... g.
Illinois Central. 81 Tenn. Coal & Iron. lG3l
Lake Erie u W. Il do do pref. Go
90 pref........ 81 Texas Pacific. ~
Lake Shore ....12)li Union Pacific. 16A
L'Ville & Nash AL W'hash s. L.&P. 6E
Louisville s. n. A. ~ do do pref. 14Is
Mahhattan.. .-...ll5Z Western Union. S2H
memphis Char. Wheeling & L. F. 9al
Michigan Central. 96 do do pref Az
STATE BONDS.
Alabama A.. 102 Tenn, new set. Is l02
90 Is .............l03 Tenn. new set. IS .10l
40 Comm. 81 Tenn. new se- IS. Tx
La stamped As. 80 Virginia 6 5 pref. so
NorthCsrolinals 1OlB Va. Trust Reefs IS
NorthCarollna IS l22 Va. Fund'g Debt 595a
Tennessee, old5 GO
GOVERNMENT BONDS
United states 81. registered. .........I1SK
UnltedSt1te5 IS, coupons ........... ia
*Asked. ibid
New York May l9.-Treasury balances
today were as follows: Coin. S90,74100O; cur
rency. S55 100000.
New Yolk. May 19.-The weekly state
ment Of the associated banks, issued by the
clearing house today, shows the following
changes:
Reserve decreased. ................sI6 S5 $50
Loans decreased ..................... $1,000
specie increased. ..........-......... 156,700
Legal tenders decreased. .-.......... 2,027.010
| Deposits decreased. ............... 939 400
Circulation decreased ...............f "a 200
The banks now hold SIS. 800 2S5 above the re-
| qulrements Of the % per cent. rule.
Atlanta. Ca. May l9-Ihe clearings Of
the associated banks for the week were
! S9l2474.
Cotton.
New York. May 49, noon.-Cotton futures
opened steady, as follows: May, C; June,
8 SEC; July, 6 Ole; August, &c; September,
70lc; October, O3c.
New York May 10. 4 p. m.-spot cotton
closed dull middling gulf 7l6c; middling
uplands i6c sales = bales.
Futures closed steady, with sales of
! 644OJ bales. as follows: May, o9ta6 CSC;
June, sat 93c; July, 97ll6 sec; August.
| z OiG17 O2c; September, z 030b7 04c: October.
| Z 0StI7 O9c; November, Z l2c; December, II
| az lsc; January. 2S97 2tc.
| New York, Nav 19.-Total consolidated
| net receipts al all the ports to-day were l.765
| bales; exports TO Great Britain 6s6 bales to
France = bales, to continent 370j bales;
! stock 4sl ,f97 balos.
/ 1Oidl 81 lar luis week. NOE receipts l,Eb0
| bales exports to Great Britain eS6 bales,
! to France - bales, to the continent 3,7O5
| bales.
New York Nav i9-The total visible
| supply of cotton for the world is 1906 $50
| bales, OF which 1881 $50 bales are American.
against 3,577 $50 and 1924. $50 bales respect
! lively, last year. Receipts this week at all
| interior towns 1502s bales Receipts from
plantations Il, 736 bales. Cropin sight I24 $50
| bales.
New Orleans May t9-Cotton futures
closed steady, with sales of 2l,1rO bales,
| as follows: May nc, June s re, July nc,
August &c, September TIC, Octocer 75c,
+ Ole.
New York. May lo.-The Subsection report
says: Cotton advanced to 6points closing
| steady. Sales 644OJ tales. . here was a
| holiday In Liverpool ana Manchester. New
| Orleans advanced 8 to points. Spot cotton
| mere was llB cent higher Sales ~ tales.
| The southern spot markets were generally
| unchanged and very quiet Port receipts
LOO bales, against 2.262 this day last week
! and 3,53o last year. New Orleans receipts for
| Monday were estimated at 1900 bales
| 10 200 bales against 1915 bales
last Monday and 1720 bales last year
| The rainfall for twenty hours ending at
O'Clock last night was 81 Of an inch at At
lanta. SO at Augusta. 80 at Charleston and
| washington stations, 26 at Montgomery, %
| at Memphis, .tS at Vicks burg and is ut Mo.
| bile For twentyfour hours ending at a. m
| to-day the rainfall included 12S inch at Sa-
vannah and l.Ol at Charleston. Cold and
stormy weather at the south and local
and southern buying had brac-
ing effect on the market to-
day, and the rise in wheat was also not
without its influence. There are those who
say that the advance was due partly to bull
manipulation, with view OF encouraging
| Liverpool to send US bullfsh adviees on Mon.
day. 1t was small speculation and without
striking features but the tone was a lttIe
more steady, though no one looks for any per
manent rise until there is decided improve
ment IN the state of general trade in this
country"
New York May 19-Riordan s. Co.'S Cotton
| Review for the week is as follows: THE
| week has been notable one in the cotton
market, prices having taken further plunge
downward. August deliveries were offered
yesterday as low as G. 93c, but had rallied at
| the closing, on the call at G. 96c., but there
were few sellers: and the Shorts fearful that
| Liverpool might not break on Monday
bought briskiy to cover, causing August
to advance to 70.3c During the last
hour the improvement was held pretty firmly
and the close was steady, with zoe bid for
! August The market is sensitive, and the
course Of prices on Monday will of course.
largely depend upon the attitude of Liver
pool. The Financial Chronicles telegraphic
summary OF The crop news this morning is
very favorable. There is no improvement in
| the tariff mess at Washington and Hatch
says he will force his bill to sup
press speculation, through the House OF
| Representatives by June l. Trade Is about
as dat as it is possible for it to be- and ire
spectlve OF the growing crop there is great
|
Atlantic than spinners want to buy. This is
the situation as viewed by the bears, The
bulls admit all these dismal facts but insist
they are fully discounted in the present
very low prices; moreover they urge that
the pressure OF public opinion will force
congress 10 act soon nd'adjourn; that the
adjournment of congress would be the signal
for sudden and substantial improvement in
every branch of business; that the depletion
| OF tradesmen stocks throughout the country
is so complete and general that the buying
that would follow the end of uncertainty
acout the tariff, would be Of phenomenal mag
nltude; and that cotton would be the first
article to feel the impetus OF the boom.
These are the considerations for and against
cotton, which Just now sway the Judgment of
traders. 1t seems to be practically a race be-
tween congress and the growing crop. II
congress should finish it's work and go home
before the season shall have given us reason
able assurance OF a big crop next fall, we will
probably have higher prices for cotton; other.
wise the market may continue to sag toward
6 cents for August"
COTTON TABLE
Tone. MID Roe Sales. Stook
Galveston Quiet So 22O III 81 30C
Norfolk. Quiet 6a 40 66 2O,634