The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-05-02

L vile \ Nash, 5014 W'bash, 5. lap. 7al
louisville louisville & N. A. 81 do do pref us
11I 44lI tan. .....l25 Western Union. SSH
Michigan Central 97sl do do pref asa
STATE BONDS.
Alabama A.. 90 Tenn. new set IS. 1O51
90 B............1O3 Tenn new set. S. lOl
40 49,. 800 Tenn. new Sc. IS. 7S1l
1 Ia. stamped As. 100 Virginia SIS pref. 30
NorthCarolina Is 80 Va. Trust Reefs. 81
NorthCarolina IS i2IIa Va Fund'g Debt, co
tennessee, olds.. 90
GOVERNMENT BONDS
Hnited States IS, reg stored. .........II34
DnltedStltes Is, coupons ............ iii
*Asked. +Rid
New York, Nay Treasury balances
today were as follows: Coin SlO2, si1, 900; cur.
rency, i46577,OOO,
Liverpool May l. noon-Cotton-Quiet free
supply ouerlnh; prices unchanged; Ameri-
can mlddling, l-l6d sales z. 900 bales: Amer
lcan, o,5O bales; speculation and export 500
oaies; receipts 1900 bales; American, 5000
crate.
=, Fltures-American mtddling fair, low mid
ing clause: May, d; May and June,
2o'64d also 5J64d; June and July 3 6O-G4d
also o9 64d; July and August, 6164d. also
8 6O 90; Augustsand September, 6264d, also
ol-64d; September and October 3 63-64d
also 62o04d: October and November, 4d,
DGc6mDef,
Gid also 26id; December and January,
2-64d, also 364d Tenders at to-day's clear
lngs were $500 bales new dockets
p m,-Cotton. American middlng fair,
: Iloddi good middling, Az; middling, 4d:
low middling, SD; good ordinary, sgd; or
binary, 9l6d
,tutures-American middling fair, low mid
ding clause: May, . 5J-64d1S 6l64d; Nav and
June, 55-64@S 20 o4d; June and july,
) 6l-6id, sellers; July and August 3 g. 64d
6HFeFS; August and September. 3 63-64d
buyers; September and October Adj
buyers; October and November, lad
buyers; November and December, 264d,
buyers; lecem er and January, 4 364d,
buyers. Futures closed firm.
New York, May J., noon.-Cotton futures
opened steady, as follows: May, lie: june
lie; July, l9c; August, 26c; Septem Ter.
z SOC: October, 49,.
| New York, May l, p. m.-Spot cotton
| closed quiet; middling gulf 75sc; middlinQ
upiands 7}sc; sales 1854 tales
| Futures closed steady, with sales OF
! lO5,zOO bales. as follows: May, lac: June,
lee; July, &c August, sc; September,
| z Sic; October, Sac; November, 3Sc; De
| cember, 44c; January, Doc
| New York, May Total consolidated
| net receipts at all the ports to-day were o.7og
bales; exports to Great Britain 2 237 bales. to
| France - bales, to continent IA, 1865 bales;
| stock 5q5912 bales.
! Total so far this week: Net receipts II, 575
| bales; exports to Great Britain 1870 bales
I to France -SJ bales to the continent "A 34S
| bales
New Orleans. May l.-Cotton futures
closed steady, with sales OF - 400 bales,
as follows: May Sc June 6 90c. July vic,
August v9c, SEPTEMBER OOc Octouer 02c,
November &c, december I 12c, January
| NC.
New York, May 1.-The Suns cotton report
says: Liberal receipts at the ports, gen
! orally favorable weather at the south and
| dullness of trade in cotton and cotton goods
| were adverse features, which were Offset by
| the unexpected trmness of futures in Liver
| pool and stronger tone at New Orleans
| where futures advanced, and where, more
| over, there was better spot demand from
| the continent There was less anxiety
here to sell in any event, and
| this fact also contributed to the
| tirmness Of the market to-day There were
| reports that quite large business had been
! done in New Orleans On the rise here there
! was more or less realizing and part OF the
Improvement was lost. The speculation was
still on a small scale. and the buying was
/ mostly to cover shorts. One firm said:
| While some OF the shorts have covered,
| some of the stronger short interests has in
| creased its short line by selling more at the
| to-day S improvement. 1t remains to
| be seen whether sellers will be suf-
| ticiently numerous to encourage further
| pressure on the short side and enable those
| who are pretty well sold to cover at profit
| as they have for some time past. In other
words, will the market put lower: Our own
| impressions are that there will be good buy
| ing from this time forward on all easy periods
! as the aggresSively bearish feeling here has
| been checked and we hardly think it will re-
| Vlve until crop accounts uecome faVora BILE, or
| trade conditions become worse. 1t is hardly
| expected that the latter be made
| so, and the crop outlook so far cannot be said
| to be Promising, although it has not yet suf
| fered any serious drawback except that of
| late planting. The bureau Of agriculture of
North Carolina last week reported that indi-
cations were for a smaller acreage in that
state than last year. The Georgia bureau an
| nounces TO day its April report, showing that
ba. 90 ic No INF ha 1a=r
and the condition Of crop 81 against an
average of 100 for the past i've years.
! Our feeling Is that this forShadoWs
somewhat similar conditions in all states ex-
! Cept today S, and there we find an increased
acreage, but a late crop" On its editorial
page this morning, the sun prints this para
graph "All attempts MAIDEN recent years
by the cotton tors OF the south to induce
the planters to reduce the cotton acreage, in
order TO raise the price, have been failures.
We have reports from New Orleans, MOBILE
and Charleston which leave very little
doubt that the cotton planting OF
this year WHY be more extensive
than was that Of last year. 1t must he that
the planters make prout out of their crops,
even at the low prices which have so long
prevailed N the world 5 marke $, ana even
though the competition between cotton grow
ing countries is greater than 1t ever was be-
fore 1t would not be necessary year after
year to urge the planters to "reuuCe the
area if they actually lost money by every
year picking"
New York, May 1.-Riordan g. Co. say OF
cotton to day: i he long expected reaction
came TO day. The market opened at a out
yesterday closing prices, and as there
seemed to ue no particular pres sure TO sell,
many of the room traders who had gone snort
over night thought it best TO cover. The first
buyers soon found imitators and during the
forenoon the buying was very lively, sending
August up from 7.:5c, the opening price, to
7.3ic, or 20 points ABOVE the lowest Of yester-
day. But there were too many
overburdened longs who had been
waiting for just such a rally, and
the improvement, Notwithstanding the firm
closing Of Liverpool, was suddenly checked.
The market remained pretty steady during
the greater part of the afternoon at 732c for
August, but in the last hour sellers outnum-
bered the buyers aud p.ost of the improve
ment of the forenoon was lost The close
was arely STEADY with 72Sc bid for August.
The situation remains unchanged, while the
crop accounts continue favorable, as at pres
ent, every day naturally weakens the posi-
ton Of the bulls. A large number Of disguised
holders are impatenty awaiting reaction
Of % points to enable them to sell out 1t
may come a. any moment for prices are eX-
ceedingly low, but the outlook at the mo-
ment is not encouraging"
COTTON TABLE
Tone. Md Res. Sales. Stock.
Galveston Easy 299 100 4l15l
Norfolk Steady Z LOSS 260 2Ss50
Baltimore Dull ~ ... 600. 1S257
Boston 49,. Quiet 1915 s2s -. -.
Wiling Quiet 40 .... l0272
Philad Dull "a PSI .... 6,9o6
N Orleans Easy T5I6 1,425 $3.50 1878
Mobile ... Quiet 6l5-l6 II 2U0 l5,6J5
Memphis. Steady ~ 1917 1850 1901