The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-01-23
The closing bids were:

Manhattan. .....121 z Western Union. So
memphis q Char. 10 Wheeling & L. E. l2SS
Michigan Central. so do do pre-. As
STATE BONDS.
! Alabama A.. 95 Tenn new set. IS 100
90 = .-........... 81 Tenn. new set. 5s. 90
40 C-.,...t 81 Tenn. new set. IS. "a
La stamped As. 81 Virginia SIS pref. so
! NorthCaroltna Is 20 Va. Trust Reefs 80
NorthCarolina6s lls Va. Fund'g Debt. 90
tennessee, ODDS. 60
GOVERNMENT BONDS
United States IS. registered ...........i13
United states As, coupons.
United Stases Is, regis cred. ...........~ %
Cotton.
Liverpool, Jan. %, noon.-Cotton quiet;
Tree supply; ofern easier: American
middling, SLED; sales 1900 bales; American
1880 bales; speculation and export 1000
oalesi receipts, LOCO bales; American l0SO0
bales. Futures opened easy; demand mode
rate.
Futures-American middling fair. low mid
ding clause February and March 4 9-6id;
March and April, l2-64d, also 4 1l-64d; April
and May, l3-54d; Nav and June 1564d.
also 1860; June and July; 5000; July and
! August ls-64d, also ! 17-64d; August and Sep
| TENDER l9-t4d. Tenders at to-days clearings
| were - ales new dockets.
| p. m.-Cotton, American middling fair,
! 4 il-led; good middling, 4Sd; middling, AID:
| low mlddllng, 4}sd; good ordinary, 4d; ordi
/ nary, 1850.
Futures-Ameriean middlng fair low mid
] dA4u5 S4dlSe+ january. f-b4O, SellerSs Jan
uary and February. 7-64d sellers; February
! and March, sold; March and April, 9-6Hd
lO64d; April and May IL 6id, buyers;
May and June, l3-64d sellers; June and
! July, ll-6.Q 156fd; July and August. 4 1864
| al lC6id; Atg gust and September, lS-64d,
sellers. Futures closed easy at the decline.
New York Jan. y. noon.-Cotton contracts
! opened AZ e94 points decline, following
| Liverpool loss of 4g5 points; Influenced
! by free port receipts, prices rallied 3Gl4 on
/ local sealping; now steady at 7d8 points be-
New York, Jan y. noon.-Cotton futures
| opened steady as follows: January, SIC;
! February, SIC; March, &c; April, nc;
| May c; June, soc.
! New York, Jan. -, p m.-Spot cotton
| closed quiet; middling uplands 7sc middling
| gulf Sac: sales 6S5 bales
| Futures closed firm with sales Of 234 900
bales, as follows; January, &C; February,
| D. C; March, 53lp7 74c; April. 1907 SIC;
| May, soc; June. &c; July, 8 020S 03c; Au-
| gust. 05t1S L6c.
New York. Jan 22-The total consolidated
netreceipts at all the ports to-day were q, 2l4
bales; exports TO Great Britain 0Je bales, to
Frame 40 bales to the continent 1884
| bales; stock 1907 $50 bales.
| Total so far this week Net receipts $1,000
| bales; exports to Great Britain 15.77S bales
to France 495 bales, to the continent 9,l47
| bales.
New Orleans. Jan. 22-Cotton futures closed
steady, with sales Of l05. 100 bales. as follows:
January nc, February 26c. March Z SIC,
April 4Ic, May soc, June 63c July zoe
| August 75c. September -.
New York, Jan. 22-The Sun in its review
| OF toGay's cotton market Cotton declined
| to II points, put recovered most or all of this,
| and closed firm. Sales 234 600 bales. Liver
| pool declined to 51s points, closing easy
| with spot sales 1900 tales at a decline of
| l6 d. In Manchester yarns easier and in
cloths not much doing. New Orleans de lined
| 10 points and regained the loss. Spot prices
here l6c lower. Sales 2s5 bales for
IP so st. TR Galveston was ST. dsane aS Of
| New Orleans, 1-1eQ1sc at Augusta. 1sc at
| Mobile, Norfolk and Savannah. and &c at
Wilmington. New Orleans sold $500 bales.
| Southern markets slow. Port receipts % 2l4,
| against 26770 this day last week and 1607S
| last year. Thus far this week 54,6G0, against
46 I'll same time last week. 1855 last year,
and l47O0 bales for all ports on the same day
| last year. No receipts at St. Louis to-day
against ], l50this day last year.
! New York, Jan. 22-Riordan & Co. say of
| cotton to-day: we had an active and exct-
ing market to-day. The very large receipts
at almost all points coming on the heels of
| the ad break at Liverpool, created hope
less kind Of feeling and there was strong
pressure to sell at the opening. which was at
| a decline of about 10 points The first sales
of March were at 76ic, later it sold point
| lower The market continued nervous and
variable throughout the day, feeble rallies
alternated with periods Of great weakness.
Tut there was no further material break.
Towards the end of the day
/ profits, and their e. ample led others to buy
/ for an advance. This caused a recovery OF 10
] DOll~S from kQ6 lowest, ana the close was 1rIl
! with Z. 73c bid for March. After the close.
! however. the bullish feeling waned and
| March was freely offered at 7.72c. Predic-
tions as to the course Of the market under
existing conditions are almost worthless but
! though cotton is now very low until receipts
| fall of sharply, we do not see how any ad-
vance can be sustained. We fear that the
| movement this week is going to be fully up
TO the estimates, and in that case prices are
! likely to be lower
New York, Jan. 22.-Atwood Violet & Co.,
Do. l,s,ss
more inherent strength to-day than for some
| time, ard this too. Notwithstanding a move
ment OF $4,000 ales against 600, and in addi-
1 ton, Liverpool lost $500, equivalent to II
/ points and closed easy The large movement
was further added to by an estimate for New
| Orleans tomorrow OF 1909. against l4.700 for
| all Of the ports tomorrow OF last year, indi-
eating g bout 1875 COO to 10000 port receipts
this week or nearly double this week last
year and 5000 less than last week. With all
| this, however. the disposition is to estimate
the crop rather under than over 7.5O0O 600
tales. But should the movement lose com
| pared with last year as we expect In the near
| future, crop estimates would be lowered. and
the effect of a probable smaller supply would
| again bring in the American spot buyer and
the European spinner. Our decline here at
the opening was 1OGl1 points, OF which 10
! pom 5 we're regained by the closing. We
can not as yet persuade ourselves
! that present receipts foreshadow
! q crop larger than we have so repeatedly com
mitted ourselves to, and we have given
] reasons quite often Of late by comparing the
current movement with that Of January in
| previous years. while the movement coming
! into sight in January is q false basis TO go
! upon. whether 1t be large or small. in Judging
what the eventual outturn will be- The re-
| cetpts OF the past week or ten days, we are
| reliably informed, is the result OF purchases
/ made at the interior on the recent rise and
| which being brought to the ports help to
| swell very largely the amount coming to sight
! weekly, The bear argument is that the move
! ment is the forerunner Of a continued move
! ment on large scale, because small towns
and plantations are just beginning to unload
| The truth. however, is that for sixty days in
visible town stocks have almost universally
reported as smaller amount on hand than last
year, and plantations should hold In the same
proportion. We would rather, by large ma
lority, buy the market than sell It on depress-
IONS
COTTON TABLE.
Tone. Md Rec Sales. Stock
Galveston Easv Il6 A332 ll6a las $50