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

New York, July 6.-Clapp & Co, in their
weekly review OF cotton, say: Sentiment
among cotton merchants and planters seems
to Indicate min mum crop of S12 million
bales, with expectations of the largest crop
grown. Northern spinners are free TO report
Manufactured stocks increasing and future
sales unusually small at the lowest prices on
record, and stock ten or dozen times larger
than year ago at New England mills.
Southern spinners report that they are una
BILE to secure necessary supplies and have to
buy from distant states The foreign sit a
tion seems stronger the undertone etter,
and liberal buying orders. in a quiet way,
have been filled for TALL delivery. This buy
ing has been steady and practically unnotlced
for some weeks, and doubtless is the result of
confidence backed by money, and an uner-
ring belief in better prices. Producers
and manufacturers often go too far from
home to always make winning in specula-
tive market. and may again lose their mar
gins if coppering their real interests. Euro
pean finances. business and credit matters
are now three years ahead of the Barring fail
ure, and much improved, especially in credit
and actual money. India and Japan business
is helping trade on the continent, as well as
Great Britain. Our legislation appears en-
deovoring to kill reciprocity business. and is
in part responsible for dullneSs in our mar
ket. Spot sales Of cotton in Liverpool con-
tinue large The first bale of new cotton
from Texas reached this city on the I'd inst,
and was sold for q cents. Ordinarily this is
an omen for an advance in the market.
Many stations IN Texas report the thermo-
meter at l04', and drought reports are mum
erous.
kew York July e.-The Suns cotton report
says: "A Discrimination to sell in spite OF the
pretty good rains IN Arkansas. some rain in
Texas and decline in Liverpool. was a dis
tinctive feature. The prediction Of continued
warm weather in Texas, better spot demand
and some covering, Led to a small advance
houston Tex, reports: Cotton had made
good progress this month. Rather too much
moisture in many places AT present reports
are very glowing The past week has been
hot, with dry winds. In our opinion. the west
and southwest are beginning to suffer. and
with a week or more Of such weather serious
complaint will be heard. 1t is well TO remenl-
Der that damage from drought in the south
west is sharp and the danger for the moment
Is great. Plant revlVes under the cool nights
OF the latter part Of August and during Sep
tember, and l. has a long season to make in.
We are watching the effect OF the hot
weather IN the bottom lands, where the plant
is very luxuriant
admission Ala, reports crop has improved
very materially since our rcpO OF June 10.
Showers OF June 3 to June - have caused the
plant 10 grow rapidly, While not as large as
AT this time last year. II is healthy and vlgor-
ours ana fruiting well. Owing 10 the unequal
distribution OF moisture, II is irregular In
size ranging IN hight from 10 p inches.
with seasonable weather the prospects are
Tor good crop
Columbia. = C., reports July Have had
showers every day. Earth now we'll satur-
atcd just what Us needed % push forward the
plant which is small for this time 81 the
yeaL The plant Is hardened by the dry