The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-05-19

Z q
NorthCarolina IS l2s va. Fund'g Debt, beS.
tennessee, Odds. 60
GOVERNMENT BONDS
United ni estates Is. registered. ..........II32
UnitedStates IS, coupons ........-...ii4
united states p, registered. 96
asked. +piS
New York, Nay ls-Treasury balances
today were as follows: Coin. $40, no 600; cur.
renoy, S555S5,0OO.
New York, May IS. noon.--Cotton futures
opened steady, as follows: May, soc; June,
. 9lc; October, 6 CSC.
New York MAY IS, p. m.-Spot cotton
closed steady: middling gulf 7%c; middling
uplands 7lsc; sales 1915 bales.
FUTURES closed steady with sales OF
Ia,sOO bales. as follows: May, Sd as SIC;
June, oo(06 SEC; July. 6 % as g4c; August.
1905 goQ6 we; September, 6 1905 09c: October,
IO2G1 O3c; NoVembe csc; Deceu1ber 2 ii
az l2e; January, Z l717 1sc.
New York. Nav ls.-Total consolidated
net receipts at all the ports to-day were 6585
6ales' exports TO Great Britain 1870 bales to
Frame - bales. TO continent 10 SIS bales
Total 80 far this week: Net receipts 20 27s
bales; exports to Great Britain 10 42s bales
bales.
New Orleans. May Is.-Cotton futures
closed steady, with sales OF ~, $50 bales.
as follows; May 0otc, June SEC, July 6 zoo,
u
8 SIC.
New York, May ls.-The SUMS cotton re.
port says: Cotton declined 4 points. recov.
cred this and advanced / point ana then closed
AZ about last night prices and steady. Sales
7oSOO bales. There was holiday in Liver.
pool and Manchester. New Orleans declined
points but later on recovered the loss and
advanced 3 to points. Port receipts 65I4
bales against iO15 bales this dnv
last week and 1892 bales last year.
Total for the week 22,175 bales
against 3ols tales last week and 3.6i4 last
year Interior receipts for the week 46ga
bales against 1883 tales last week and 1857
oales year; shipments 49, SOS bales against 20 0s2
bales last week and ls.ll4 bales last year In
terror stocks 126,Sl5 bales against 1875 lOl bales
last week and 1851 bales last wear. Spot
cotton l-l6c lower. Sales 800 bales for export
and l,2l6 bales for spinning. Southern spot
markets were generally quiet. New Orleans
receipts for tomorrow were estimated
at $40 bales to 900 bales. against 1877 bales on
the same day last week and Z, COZ bales last
year 4 he covering Of shorts and some south
ern buying prevented any marked decline.
and, in fact, the market tonight ended at
about where IL stood last night in spite of
the dizziness OF trade the absence OF
1lVerpooI news and some foreign selling
here was steady too, regardless OF the fact
that the weather at the south was generally
favorable for the crop. The buying how
ever, was mostly to cover shorts 1t is gen
orally believed that there will have TO be a
radical change in business situation in this
country and England to bring about any per
manent ivance in prices"
New York May lS.-Riordan & Co say of
cotton TO day When August broke below 7
cents yesIer lay just before the close the sud
don decline took everybody py surprise At
the opening this morning many stop loss
orders had come in over night that had to 10
executed, and prices on the call we're four
points lower than yesterdays final quota
tons ! he irSt sales of August were at o. 4c
a moment later August was freely offered at
693c but that was the lowest OF the day
After the selling orders had all been
executed the market gradually improved
August reaciing to 0.g9c nut the feeling was
very feverish. The advance could not be
maintained and August again dropped to
694c. In the last hour there was another
rally and the close was steady with 697c bid
for August, the same as Yesterdays Evey-
nody feels, and even the bea:s admit. that
with August below cents, selling cotton
short Is very dangerous business; and yet
for the very reason that nobody cares to be
short OF It. cotton may go lower, being borne
down by the sheer weight OF the bales for
which there is no demand. IL will all depend
upon how soon congress acts or a1iourns and
upon the character of the crop season"