The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-05-13

| La. stamped As. 100 Virginia SIS pref so
| NorthCarolinai IS 10iX Va Trust Reefs. 81
! NorthCarolinA5s I29}4 Va. Fund'g Debt. 59H
! Tennessee, olds.. 60
/ GOVERNMENT BONDS
| United States IS, registered. ...........I13a
! UnitedStGtes As, coupons ..........a... 113M
| United States Is, regis. erred. 90
! asked. ibid.
| New York. Nav 12.-The weekly state
ment Of the associated banks, issued by the
clearing house to-day, shows the following
| changes:
/ Reserve decreased. ............-.....S2 ,l73575
/ Loans increased ACKNOWLEDGEMENTS. 2,323 100
| Specie increased Observation-Disclosures. SOS 800
| Legal tenders decreased. ............ 2.4S46O0
| Deposits increased. ................. AL. 100
The banks now hold $50 63i .575 above the re,
| quirements OF the % per cent. rule.
Cotton.
| Liverpool, May r. noon.-Cotton-Quie
/ demand moderate, at firm prices; Ameri-
can middling, 3 l5-l6d; sales 5000 bales;
! American. 600 bales; speculation and ex-
port 1000 bales; receipts 400 bales; Amer
mand fair - O'''''4 - - ~
FuturOs-American mtddling fair, low mid.
ling clause: May, ID; May and June,
| 3 57-64d, also 55-64d; June and July, 5s-64d
| also 57-64d; July and August, 3 59-64d, also
| 35s-64d August and September, 3 6l-64d, also
| 6O-64d September and October 3 62-6id, also
| 3 6l-64d: October and November. Pod
/ also 63-6id November and December,
| al, also 63-e4d; December and January,
| 4 Lad. Tenders at to-days clearings were
/ none.
p. m.-Cotton, American mtddling fair.
| $3.50; good middling, 4Sd; middling, 4d. low
mdiddling' SAd good ordinary, 3Ad; ordinary,
Futures-American middling fair, low mid.
| ding clause May 5S6id, sellers; May and
| June, 3 5864d, sellers; June and July,
59-64d, buyers; July and August, 60.648
3 sid; August and September, 8 6l-64I
3 81 e4d; September and october, 8 62-64G
| November and December, 40+ l-64d; Deem
| Der and January, l6il14 ? Cad. Futures
closed steady.
New York, May l2, noon.-Cotton futures
| opened steady, as follows: May, 06c: June,
Z l9c; July, l5c; August, 19o; September,
Z 20c; October, 25c.
New York, May z, 4 p; m.-Spot cotton
| closed steady; middling gulf 9-6lc: middling
uplands 5-t6c; sales .667 bales
Futures closed steady, with sales of
$4,000 bales, as follows: May 04il7 05c;
z l607 lie; September, 7 1897 zoe; October.
| 72lg7 &c; November, &c; December, Z SO
az S3c; January. 3s@7 SOC.
New York, Nav l2.-Total consolidated
net receipts at all the ports to-day were 2,262
bales; exports TO Great Britain - bales, to
| France - bales, to continent 769 bales;
stock $40, $40 bales.
Total so far this week; Net receipts 2262
| bales; exports TO Great Britain - bales,
| to France - bales to the continent 76J
| bales.
|
closed steady with sales of "a, 100 bales,
as follows: May Sac, June 6 SIC. July sJc,
| August SIC, September soc, October 6 SOC,
November 9lc, December OOc, January
New York, May l2.-The Sun, in its cotton
report, says: Cotton advanced to points,
then reacted, and lost most of this closing
quiet, at last nights prices Sales $500
| bales. Liverpool advanced 1-l6d on the spot
and points for future delivery. Spot sales
5000 bales Futures closed steady. New Or
| lplnE advanced 4 70 Mt ht,t 1Ne
provement later and August declined point.
Spot cotton here was firm and unchanged
Sales 1854 bales for export and 1913 bales
| Tor spinning. Southern markets were Arm
or steady, and in some cases higher New Or
leans receipts on Monday were estimated
at 800 bales, possibly 1000 bales against
,73l bales last Monday, and 1890 bales for
| the same day last year Liverpool made
| good response to the rise here Yesterday
and the American cotton markets showed
more strength The buying to cover con
| tracts caused some advance. but most OF this
| was lost owing to the realizing for local and
| southern account. The crop news was gen.
orally favorable, and during the week the
| crop has made good progress. Rather exces-
| slve rains are reported in some parts of
| Texas, but, In the main, the crop outlook
seems to be favorable. The receipts at the
ports and the principal interior towns were
light"
The transactions here were small. partly
| owing to the fact that there will be a holiday
| in Liverpool, WhitmOnday, on the first of the
week, and operators were not disposed to en-
bark in large transactions in the meantime. "
New York, May 12.-Riordau & Co say Of
cotton to-day: August cotton, which sold at
cents on Monday last, had rallied at the
close yesterday to 7l6c. To-day a respecta-
bic advance in Liverpool frightened the
shorts, and caused a further improvement
August opening at 7l9c, and later advanced
to T.2lc bid; but the offerings became very
liberal, and the higher prices could not be
maintained After II o'clock there seemed to
be more sellers than buyers and the whole of
the days advance was lost. The close was
quiet, with 716c bid for August the same as
| yesterday. After the close there was some
pressure TO sell, August being offered at T. hc
Liverpool Will re closed on Monday and 1t is
thought that in the absence OF support from
that market 1t will lie difncult to sustain
| prices here; though the 'receipts are light no.
| BODY fears any scarcity of cotton anywhere
during the remainder of the session, as for
next season the new crop, from all accounts
| Is getting on finely, and the bureaus
| figures Of decreased acreage are not taken
seriously here. The shorts appear to have
mostly covered during the last 20 DAYS, and
unless Liverpool should drag our market up
| by main force, or unless the crop accounts
generally should become very gloomy we are
not sangulne Of any lasting improvement in
the market It would certainly a blessing
in disguise for the south, If the season should
be so bad as to bring down the estimates of
the coming croD to 6,000,000 bales. The pro
ducers would probably get n great deal more
money fora crop of 6,0O00 900 bales than for a
crop Of 9,000,000."
COTTON TABLE
Tone Mid Rec Sales. Stock.
Galveston Steady 6 1916 1872 II 28A,s
Norfolk -. Firm 90 100 Ala 23,725