The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-05-03

srATE BONDS
Alaoqna A.. % ITenn,,new set IS 102
La stamped As 100 V f Us sg Dre f. So
NorthCarOlina Is 9s Va Trust Reefs. s5
NOrthCaroiina IS l2ils Va. Fund'g DEBT. 60
Tennessee, ODDS. 70
GOVERNMENT BONDS
United States IS. reg stored. ......11 3sl
1nltedStates As, coupons .... ........... ia
United StaSes IS, regis cred. 96
/ New York, May 2-The sales of listed
stocks to-day aggregated Il7.OJO shares and
OF unlisted 72,O00 shares.
New York, NJ Y 2.-Treasury balances
rency, s4S, 1924 900.
Cotton.
Liverpool. Maya, noon.-Cotton-Quie free
supply Offering; prices unchanged; Ameri-
can mlddling, al; sales 10000 bales; Amer
lean. $500 bales; speculation and export 800
bales; receipts Is. 900 bales; American, i. 400
/ crate.
u FutuIres-American middling fair, low mid
3 5s-64d, also 81 SAD; June and July, 3 59-64d.
also 5s-64d; July and August, 3 6l-64d, also
oo,6td; August and September, 8 62-64d, also
/ 8 bl-o4o: september and October, 3 6S-64d.
also 62-6ld; October and November, Al
also 3 63-64d; November and December
"a also t3,64d; December and January,
l-64d, also Id. Tenders at to-day IS clearlngs
| old dockets
Up motion. American middling fair.
| fIodi good mlddling, AID; middling, 4d:
binary, l6d.
Futures-American middling fair, low mid
ding clause: May, So Cad, buyers; May and
June, So 64d, buyers; June and July
51-6+85 5s-6id; July and August, 3 SO 64d,
sellers; August and September, 8 6O-64d,
sellers; October and November, 8 6i.6ln
62-64d; November and December 81 $40
563-6ld; December and January, 63-6404d.
| Futures closed easy.
Manchester, May 2.-The Guardian in its
commercial article, says; There has been an
extreme dullness, bordering on depression,
arising from the absence of confidence on the
part OF buyers IN the chief eastern markets.
There has been but few actual transactions
and these at low prices. The further fall of
exchange in Calcutta is the main
cause of the depression, it having
touched Is lSd, the lowest on
record. Many offers have been withdrawn as
the forward rate available is reported from
private sources to he only Is I'D. This pressed
heavily upon producers who have already
had to reduce prices. and will probably have
to make further reduction Other markets
are duh. Yarns are slow"
New York. May ?, noon.-Cotton futures
opened steady, as follows: May Csc: June,
2 lie; July. l6c; August, Z zoe; Septem per-
25c: October 2Sc.
New York, Nav ?, p m.-Spot cotton
closed quiet middling gulf 9-l6c; middling
uplands 5-l6c sales 93l bales.
FuluTbS ClOS6u STEADY, WIN sales OF
16l eOO bales. as follows: May, 96c; June
7O2c; July, csc; August, lzc; September
Z l5c; October. lSc; November, Z 23c De
cember, 2Sc; January, 33c
| New York, Nav Total consolidated
| net receipts at all the ports to-day were 34j2
bales; exports to Great Britain l5,547 bales to
France 5UI3 bales, to continent 1859 bales;
stock 57g S57 bales.
Total so far this week: Net receipts 81 .2O7
bales; exports to Great Britain 1907 bales
to France 1852 bales to the continent % 667
bales.
New Orleans. May 2-Cotton futures
closed steady, with sales OF 81 200 bales,
as follows: May 73c, June TIC, July SOC,
August SIC, September = SIC, OCTOBER Soc
November Gle, December 6 97c, January
Z O3c.
New Orleans, May 2-The following is
the semi-weekly cotton movement at thirteen
leading interior towns: Receipts, 1892 bales,
against $500 bales last year; shipments,
l3,7u bales. against 1850 bales last year;
stock, 1887 tales, against 2lS,218 bales last
year.
New York, May 2.-The Suns cotton report
says: Cotton declined 10 TO II points, clos
ing steady. sales $4,000 bales. Liverpool
declined to 4 points, closing easy. Spot
prices. Manchester dull New Orleans de.
eltned y TO Is points Spot cotton
spinning; deliveries on contract
1000 bales. There was decline of
1-16c at Galveston, Mobile, Savannah
and St Louis, and &c at New Orleans and
Memphis sold $50 bales, Charleston 465 bales
and Galveston none. New Orleans closed
firm. Memphis received SO bales and shipped
$40 bales. st Louis received $50 bales and
shipped 1922 bales. Houston received Ais
bales and shipped 2098 bales. Rain is much
needed in Alabama, Tennessee, Florida,
North Carolina and South Carolina. Georgia
reports no damage from drought. Port re-
ceipts 452 bales against 1896 bales this day
last week, and 3, 60 bales last year. Thus far
this week p 027 bales, against "a 800 bales thus
far waRR THE signal garVica Orpdiptpd
dry weather for the next twenty-four hours
in the cotton belt. The estimated receipts at
New Orleans for tomorrow are 800 bales to
200 bales, against IA bales on the same day
last week and l, 261 bales last year. One firm
said: The summer months here seem to be
helpless to great extent because the stock
here is 100000 Dales, although some IA, 600
bales smaller than last year, but with the
prospect of tenders each month as
they mature. there is the certainty
| b 3fore the tuyer OF either having to sell out
| his contracts Uefore they mature or else take
the cotton itself In the meantime we shall
have crop prospects as the controlling feat
ure little later on. At the moment there is
not sufficient known of the crop, except as to
its lateness, TO indicate much about it. On
June 10, the government will report its esti-
mate of acreage, and on May TO- the percent
age of the crop planted will be announced,
aid This will be given without any reference
to what the total acreage will be.
To-day's features: depression In Liver
| pool, generally favorable weather and crop
reports, liberal crop movement, larger re-
ceipts and dullness of trade everywhere
caused renewal Of long liqidation which
brought about a sharp decline, and the mar
ket closed at the lowest figure Of the day.
New York, May 2-Riordan Co. say OF cot
ton to-day: 1t was the old story to-day
Too much cotton; no demand for spots and
mol ody wanting TO invest in contracts; hold
ers selling out at loss; the shorts covering
only to regret afterwards that they
had done so. and prices closing at the
lowest after net decline. as com
pared with yesterdays final quotations. Of
is points August opened at 7.19c, rallied to
721c and then broke badly. During the cay
there were occasional reactions of few
points, but these were only the preludes to
further spells OF weakness. August closed at
712c with the tone steady at the decline. The
liquidation was heavy. Unless Liverpool
should slump very shortly tomorrow, there
ought to be some reaction from our terrible
and continuous decline; but the bulls to-day
seemed helpless and almost hopeless.
COTTON TABLE
Tone Md. Rec. Sales. Stock
Galveston O.. Dull 58l ... 423l6
Norfolk 80. Nom1 36l "a 2S5l2
Baltimore Dull ~ 287 .... 1854
Boston ..... Quiet ~ 2li ct. 80.