The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-02-04


NorthCarolina4 Is va. Trust Rec'ts. IS
NorthCaroltna Is lis Wa. Fund'g Debt.
Tennessee, olds.. 60
GOVERNMENT BONDS
United States As, registered. ...........1iSH
UnitedStates As, coupons, ...............IISI
United mite States IS resis'ered...-,.,,;;.y o5
New York. Feb. s.-The weekly state.
ment OF the associated banks issued bv the
clearing house to-day, shows the following
changes;
Reserve increased. .................ss 9 $4,000
Specie increased ACKNOWLEDGEMENTS. 266S 100
Legal tenders increased. ...... g454OO
Deposits increased. ................ 4II4OOO
Circulation decreased .......... $4,000
The banks now are sill 6sS 900 above the re-
qulrements OF the p per cent. rule.
Cotton.
Liverpool, Feb 3, noon.-Cotton-QuIe
free supply offering; prices easier; American
middltng. 44d; sales 5000 bales; American
100 bales speculation and export 500
bales; receipts, 49, 900 bales; American, 5000
bales. Futures opened easy at q decline; de-
mand moderate,
Futures-American middling fair, low mid
ding clause; February and March 9-6id
also l06id: March and April 1i-64d also
I l2-6id April and May, 4 t3-64d also 4 i2-6id:
May and June, IA sid, also 4 l364d; June
and July, l66id, also l5-6id; July and Au-
gust ls-64d, also 1900; August and Sep
TENDER 196id, also 1864. Tenders at
today's clearings were - bales new dock
cts 4s
p. m.-Cotton. American middline fair
ll-l6d; good middling 4ad middling, AID:
low mliddling' 4$d; good ordinary, 4d; ordi-
nary, 1850.
Futures-American middling fair. low mid
ding clause February. s-649D4 o sid; Feb
ruary and March, S-646l4 96id. March and
April. l0-6404 ! sd; April and May, l2-64d.
value; May and June, l4-64d, sellers; June
and July, l5-64G4 l66Id; July aud August,
l7-6id, buyers; August and September, 4 49,
6iG4 l964d; September and October, 1904,
buyers. Futures closed dull at the de-
cline.
New York, Feb. 8. noon.-Cotton contracts
opened steady at points decline, became I'M
settled, and are now steady at 5G6 points be-
low yesterday.
New York, Feb. 3. noon.-Cotton futures
opened steady, as follows: February, CSC:
March soc; April, 76c; May Z SIC; June.
sec; July. 94c.
New York, Feb. g. p m.-Spot cotton
closed steady; middling gulf 3.l6c; middling
uplands l5l6c; sales none.
Futures closed steady, with sales of
March, sc; April, z 76c; May, SEC: June.
sec; July, 94c; August, 9Sc; September
Z 92c October, 7 93c.
New York. Fen. s-The total consolidated
netTeceipts at all the ports to-day were li247
bales; exports TO Great Britain % 236 bales, to
France 5000 bales to the continent H. 303
bales; stock ,049 225 bales.
Total so far this week Net receipts 14247
bales; exports to Great Britain % 236 bales
to France 5000 bales, to the continent l2S03
bales
New York, Feb S.-The total visible
supply Of cotton for the world is 1860 1874
bales of which 4,056, 924 bales are American
against 43l5,92t and 1857 l2l bales respect
lively, last year. Receipts this week at all
interior towns 55,S2S bales. Receipts from
plantations l03541 bales. Crop In sight 1877 746
bales.
New Orleans. Feb. 3.-Cotton futures closed
steady, with sales of $500 bales, as
F,1Ir ENa,r = 10 > AvN.-f
4ic, May I9c. June SIC, July &c, Au-
gust soc, September Soc.
New York Feb. 3.-The Sun in its review
of to days cotton market says: 1.-THE cotton
movement, at least the movement to the ports,
begins to remind some operators of the
widows cruise of oil" There seems to be no
letup to 1t. Liverpool was still depressed, and
in fact, the European markets generally APP
pear to be overshadowed by the big crop
estimates, which have been sent
abroad from New Orleans this season.
Prices dropped here today, owing to the
port receipts and the Liverpool depression.
as well as continued long selling. Hub
bard, Price g. Company were understood to
have sold 5000 to 1900 bales. Other commits
sion houses were selling for long account
The short interest seems to have been in
creased during the past few days, although 1t
is still narrow market. There was rally
to day at one time, owing to the covering of
shorts and the fear that New Orleans
receipts might come light on Monday. But the
bears were merely frightened at their own
SHADOWS LOT Lne new orleans estimate, re-
ceived just before the close was 10000 to
II 900 bales, against $3.50 bales last Monday
and 5,3l6 last year. That drove prices
back to about the lowest figures of the day,
1t was stated that the continent now shows
little more disposition to buy the actual cot
ton after the recent decline. Houses OF high
standing here are receiving numerous reports
of exhaustion OF the crop at the plantations
and small uncounted interior towns. But the
arrivals at the ports are what men actually
see every day, and they have dis
couraginR effect on many who have
been operating on the long side. The
ports to-day received 10000 bales less than
last Saturday. They got 1880 bales but ex-
pected 40 $50 bales. The estimated receipts
during the coming week ranged from 10000 TO
900 bales, against s0,477 for this week last
year, and it is said that New Orleans will get
40 900 bales. The maximum guesses have not
been realized for couple OF weeks. The
minimum figures have come nearest the
mark. Greeks are said to have bought
rather freely here OF late"
New York Feb. 3-RiOrdan g. Co, say Of
cotton today: This has been disappOint-
ing week with the friends Of cotton. The
promised perpendicular drop in receipts has
not yet taken place; but there has been
material shrinkage In the movement. as com
pared with that OF the four weeks ending Jan,
%, and yet prices have yielded fully IL points
since that date. Liverpool's report was not
regarded as a bad one and our opening was
only | TO 3 points lower than yesterday s
closing. But the liquidation Of long cotton
was continued and as the buyer power seemed
very limited, q further decline followed, March
selling down to 1850. In the last half hour,
there was less pressure to sell and a partialre-
covery,ensued, March reacting to 772c but the
announcement that the New Orleans receipts
on Monday would be heavy compared with the
same day last week, and last year, caused
fresh selling, and renewed weakness The
close was barely steady with 1850 bid for
March. In seeking for the reasons why in
the face OF the crop conditions that are now
admitted to lie rather bulllsh, cotton not
only refuses to advance, but has actually de-
clined the chief factors will be
found, to market already overbouRht
the unsatisfactory condition OF trade,
and the exceeding narrowness Of
speculation. AT these prices very few OF the
bears have the courage to sell shorts, and the
non-existence of any considerable short in
terest is another very important element OF
weakness. On the other hand, the market
has certainly unloaded great deal Of weak
long cotton during the last few days. and Is
in a position to recover rapidly il the move
ment should become small enough to supply
the stimulus. We still regard the course Of
prices as almost exclusively a question Of re-
ceipts. The estimates Of port receipts for the
coming week range from 10000 70 49, 900
bales, against S0,477 for the same week last
season"
COTTON TABLE
Tone Mid. Rec. Sales. Stock.
E- H