The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-08-11
LIVERPOOL MovEMENT ZOE raE WEEK ENp.

New York, Aug. lO.-Clapp Co., in their
weekly review, say OF cotton; Texas reports
good rains and new crop moving earlier and
faster than ever before. + xporters and cot
ton factors are both Offering fall shipments
under current quotations, and do not appear
to protect their sales in any market Few or
no local cases of damage are reported. Every
where the growth IS rank, ana ii the aut ann
is favorable the crop will be the largest
grown. Fall River manufacturers have cut
operatives wages 10 per cent. which opera
tors may accept They offer manufactured
goods cheaper than ever before. The visible
Is scarcely per cent. less than year ago
The price Of the current month or for SPOT
cotton was but 6.2Sc March Is. 1892; since
then the low price was Aug. 2. when it sold at
6.46c. The impression given out by many
journals has been that the recent low prices
of futures broke the record. Weather condi-
lions in August often are as uncertain as
those in July and August are n the corn belt.
We think 1t may be well to buy on weak spots
or go slow until more is known about condi-
tions, spinners' wants and the effect, If any
that Washington legislation may have on
business men. -
New York, Aug. 1O-The Suns cotton re-
view saws Cotton declined 9 to 10 noints
then rallied slightly an l'closed at a net de-
cline for the day Of to points. Sales 90 600
bales Liverpool was 2 to 8 points lower
closing quiet: spot sales 5000 bales at prices
IN buy erS favor, though without QuotaDle
Change In Manchester yarns were dull but
steady. Cloths quiet. New Orleans de
clined to 10 points. Spot cotton here
and 800 bales for spinning. Southern spot
markets we're still slow. Wilmington ad-
vanced &c, but was very quiet. and Mem
his and New Orleans were easy.
Augusta ll6 bales, and they we're the banner
markets of the DAY. Port receipts to day, 527
bales, against 45i bales this day last week,
and Oi7 bales last year. I otal for The week,
5.l59 bales. against 3,46 bales last
week. and 10 2s0 bales this week last year
Exports today, 1881 bales Interior receipts
for the week, 1852, against 1880 last week
and / ,647 last year: shipments 6.2l7. against
4,G7l last week, and 1915 last year. Interior
stocks, 1880, against 53.873 a week ago, and
news was in the main beari5h. The {ricuI.
tural bureau gave the condition as
9l.s against 500 month ago. and
sO4 a year ago This report was about as
surprises a good many, showing as il did
decline In the condition during July Of Il per
cent Many operators here think that this is
over stating the case. The Liverpool news
was favorable. SPOT cotton here was lower,
and in Liverpool and New GREENS II was
Neak and less active"
New York Aug lO.-Riordan g. Co. say Of
cotton today. Liverpool was lower 20 day
and our opening was at a decline Of about
points. October selling on the cali at 6.73c.
During the forenoon the market was feversh
IN expectation Of the bureau report but the
fluctuations were within narrow limits When
the figures Of the bureaus estimate OF the
average condition were announced as 0id.
against sO4 on Aug 10. 1898, a further decline
Of about points took place, October selling
down 20 6.63c, but the room traders who had
generally sold in anticipation q high est.
mate bought bnskly at the decline to secure
their profits This buying caused a rally OF ]
or 2points in the last few minutes. The close
was steady with G69c bid for October. Texas
made by far the worst showing Ia the bureau
report, but there Ia no doubt tnat the crop in