The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-01-07

40 . -----...-.-. Va Tenn, new set. SIS. 90
40 y. .......... 80 Tenn. new set. SIS 72I
La stamped Is 100 Virginia 6's pref so
NorthCarollna IS 30 Va Trust Reefs. IS
orthCarolina6s lis Va Fund'g Debt b5ss
Tennessee. olds.. GO
GOVERNMENT BONDS.
nniitedStates As registered. ...........ll2A
nnitedStates IS, coupons. ...............1l2&
United States 2s, registered ....,....... 95
@Asked. +Rfd
New York, Jan. o.-The weekly state.
ment of the associated banks issued bv the
clearing house to-day, shows the following
changes:
Reserve increase. 40 qsi 500
Loans increase. Observation-Disclosures. / 200 100
Specie increase .:.............. 4757, 900
Legal lenders increased ............. l,246, 200
Circulation decreased .....,..... 81 500
The banks now are sss 700 $50 above the re- re-
quirements OF the p per cent. rule, being the
greatest amount ever so held.
Cotton.
Liverpool, Jan. 6, noon.-Cotton, fair de.
mand at steady prices; American middling
o-l6d; sales 10000 bales; American 8 400
bales; speculation and export, I 900 bales;
receipts, 10000 bales; American, {. 100 bales
Futures opened barely steady; demand mod
crate.
Futures-American middling fair. low mid
ding clause: January, l4-6id; January and
February, l5-64d, also l6-64d; February
and March, l7-64d, also { 1s-64d; March and
2O-64d May and June, 22-64d also 21-6fd;
June and July, 22-64d, also 2S-64d; July and
August, 2i-64d
p. m.-Cotton, American middling fair
4Ad' good middling, 7-i6d; middling, 4 Sled:
low middling, 3-l6d; good ordinary, Lied;
ordinary. 3bd.
Futures-American middling fair. low mid
ding clause: January, l6-6id, sellers: Jan
uary and February. i664d, buyers; February
and March l7-6404 is-6id; March and Aprii.
l9-6ld, buyers; April and NAV, 21-6id,
sellers; May and June, % 64GD4 23-64d; June
and July. 2464d, buyers; July and August,
25-646g4 26-6id; August and September, 4 90
6401 21-o4d Futures closed steady at the adj
vance.
New York, Jan. 8, noon.-Cotton contracts
opened steady at 7G0S points advance. on local
buying, with Liverpool point up, but eased
on on local realizing, closing steady at UNI
changed to points above yesterday.
New York, Jan. Cotton futures opened
steady as follows: January, s4c February,
SIC; March, CSC; April, 06c; May, 8 1876;
June, 8 PIC.
New York. Jan. 6. p. m.-Spot cotton
closed steady; middling gulf SID; middling
uplands lice; sales l73 bales.
Futures closed steady with sales OF a. 400
bales, as follows: January, SIC; February,
$780, March, CSC; April O6o MAY l3c;
New York. Jan. 6.-The total consolidated
netreceipts at all the ports to-day were p OSs
bales exports to Great Britain "a ,7is bales, to
the continent 7540 bales; to France 6,277
bales stock ,22e. 2S1 bales.
Total so far this week: Net receipts % 0ss
bales exports to Great Britain "a 74S bales
to France 6,2U bales, to the continent 7.540
bales.
New York, Jan e-The total visible
supply of cotton for the world is 4,6l5, 742
bales, OF which All ,542 bales are American
against 1899 0l9 and 3,95s 7l9 bales, respect.
lively, last year. Receipts this week at all
interior towns 81 ,68S bales. Receipts from
plantations lSO299 bales. Crop in sight 8, 5S2 .478
bales
Nexv Or1sans Tar ro.toY ,,,.,,-o,, ,t...4
steady, with sales OF 10000 bales. as follows
January 4lc. February &c. March z &c
April 7lc, May s3c, June 92c, July Ole,
August 06c
New York, Jan 6.-The Sun in it's review
OF to-day cotton market SAYS: Smaller re-
ceipts at the ports, and in the interisr towns
rise in Liverpool and the Chronicles crop
estimate OF 7.215, 900 bales. as against the New
Orleans estimate of 7,70000O bales caused an
advance, which was assisted by buying for
American and European account. Specula-
tion was not large. Many operators prefer to
wait and see whether receipts will continue
to diminish before taking the long side AS
things now stand, however, they are afraid to
go short. Prices advanced 8 to II
points and closed steady, with sales
of $4,000 bales. Liverpool advanced
to III points closing steady, with spot sales
of 1000 bales at unchanged prices. New or
leas advanced TO points. Spot cotton here
was steady and unchanged with sales OF l73
bales for spinning. There was an advance of
1-l6Dlsc at six of the southern markets.
New Orleans sold 3, go bales. The receipts at
the ports were - SS8 bales against 43 O57 this
day last week and 81 357 last year. New Or
leans receipts on Monday were estimated at
1000 bales against IL, $50 on the same day last
week and 6,Ol7 last year. Exports from the
ports were 1868 bales. Z otal to Great
Britain for the week ending last night 1856 993
bales, against 1882 for the same time last
year, but the continental exports have run
behind those OF the same week last year"
New York, Jan. 6.-R1ordan & Go. say OF
cotton: "A more encouraging Liverpool re-
port and very moderate receipts were the
influences that swayed the market to. day.
The opening was at an advance of about Z
points, March selling on the call at 9.79c.
But many OF the longs were nervous and
aVailed themselves of the advance 10 unload.
Under pressure OF the Offering prices
yielded, March reacting to 1880. The last
half hour the feeling became more confident
and the decline was more than recovered The
close was steady with 1896 for March. After
the close the demand stifened and SC. was
freely bid for March. The crop problem is so
intricate and perplexing, and bids fair TO be
so slow OF solution, that many Of those who
think well OF cotton have ceased TO hope for
the big and continuous advances which
month ago they felt confident would come
about this time. While still expecting a grad
ual and decided improvement In values they
now look for the advance TO be broken by fire.
quent aud sharp reactions. Their opinions
as to the moderate size OF the crop are still
mistaken; but they recognize the discourag-
ing facts that trade in this country Is still de-
pTe5Seu anu ~ not likely 10 rtCOVer uuJll bne
tariff question has been settled; that the hard
times have rendered speculation dull and
sluggish, to a degree altogether unknown
In any previous season, and the move
ment of the crop thus far has been so largely
In excess of what we had been LED to expect
that spinners are naturally incredulous Of the
assurances OF exhaustion that we hear from
so many quarters now. 1t is believed that
these considerations will tend to check the
successive advances on prices that may be
caused by developments pointing to smaller
yield than the bears have been counting
upon. We are inclined TO concur in this view
of the near future of the market. While we
expect that when the weekly receipts fall be-
low thos9 of last year, prices viii be higher.
we would advise our friends not to be too
sanguine, but to accept PROFITS upon every
good advance, as the frequent set-backs which
are likely to occur may give them the oppor-
tunity TO replace their holdings at lower fig
ures. Sales on every substantial rise and
purchase upon breaks seem TO us the best
policy under existing conditions. We esti-
mate the port receipts for the coming week
at $4,000 bales against liz .926, for the CORES
pondlng week last season"
COTTON TABLE.
Tone. Mid Rec. Sales. Stock