The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-02-18

STATE BONDS.
Alabama A....... gSis Tenn new set. Is IoiI
90 IS -..-.-.......lOO I1enn.,ne set. IS 100
10 C........,.-.. "a Tenn. new SET. IS. II
La stamped As es Virginia s 5 pref so
NOrthCarolina Is % Va. Trust Reefs. 81
NorthCarolina IS i22ialVa. Fund'g Debt. 50
Tennessee. olds.. 60
GOVERNMENT Bonds
United States As registered. ...........1I34
! UnitedStates As, coupons ............... lI3A
U !Bid States Is registered ASKED %
Treasury balances-Coin, s0i,539, 900; cur
rency, S4kO0S 900.
New York, Feb. 1.-THE weekly state
ment Of the associated banks. issued by the
clearing house to-day, shows the following
changes:
Reserve decreased. ,sll Oq6 s75
loans Increased ..............-...,.. 6143%O
Legal tenders decreased ........... 1880 200
Deposits decreased. ................ 4lS4 100
Circulation decreased ...........,.. Az 300
The banks now hold s7i 586 s25 above the re,
quirements of the p per cent. rule
Cotton.
Liverpool, Feb. II, noon.-Cotton-DuI
free supply Offering; prices unchanged: Amer
lean middltng, 4Ad; sales, 5000 bales; Amer
lean 1880 bales; speculation and export, 500
bales; receipts, 1900 bales; American 10 400
| bales. Futures opened steady; demand mod
| crate
Futures-American middling fair, low mid
| ding clause: February and March l0-64d.
/ IL A.
| and May, l2-64d, also 1l-64d; May and June
4 1900, also l4-6id: June and July. 4 l564d;
July and August, l7-64d, also 4 15-6id Au-
| gust and September, 4 lS-6id, also 4 l1-64d:
| September AMI October 4 1S6ld Tenders
dockets.
| p. motion, American middling fair,
| ll-ldd; good middling 49sd middling, AID;
nary, 3 19-l6d
Futures-American middling fair. low mid
| ding clause Fphrunry U'ah
| ruary and March, 9-64dDi iO-64d; March and
| April, 0641l4 II 6id; April and Nav, 4 l2-6id
buyers May and June, 4 Il GA, sellers June
and July, l5-tl@t le-6id July and Au-
| gust, l76id, buyers; August aud Sep
| TENDER, 4 I86iG14 196id; September and
October, lS-6484 19-64d. Futures closed
steady.
New York, Feb. II. noon.-Cotton contracts
! opened steady at points advance, and are
now barely steady at BOA points over yester
! day.
New York, Feb. II. noon.-Cotton futures
| opened steady, as follows: February, CSC
March, 7lc; April, 5sc; May s5c; JuHe,
| SIC; July. Y6C.
New York, Feb. II, p. m.-spot cotton
closed quiet; middling gulf 8 SlGc; middling
| upands l5-l6c; sales none.
| Futures closed steady, with sales OF
| 10000 bales. as follows: February, CSC;
! March, 1lc; April, sc; May, Soc; June.
| ISlc; July, 9bc; August UUc; September
| 9lci October, 02c; November, y 06c; Deem
New York. Feb 1.-THE total consolidated
me- receipts at all the ports to-day were 1898
bales; exports TO Great Britain 1896 bales, to
| Frame - bales, to the continent $3.50
| bales; stock 95i.5sO bales.
Total 80 far this week: Net receipts S.05s
! bales; exports to Great Britain 1896 bales
| to France bales to the continent > 100
bales.
New York Feb. 1.-THE total visible
supply OF cotton for the world is AT si5
bales, OF which 1888, 6l5 bales are American,
! against 255,72S and 376i,5sS bales, respect
! lively, last year. Receipts this week at all
! interior towns 1852 bales Receipts from
plantations 54,473 bales. Cropi in sight 6,373 744
| bales.
New Orleans, Feb. 17.-Cotton futures closed
| steady. with sales OF 2ss00 bales, as
follows: February 2Oc, March 29c, April
| SIC. May ACC, June z $40, July 64c. Au-
gust zoe. September 66c October 76c, No
yember, 69c, December TIC.
| Now York, Feb. 1.-THE Suns cotton re-
view OF today's market says Cotton ad-
vanced TO points, then reacted, and closed
steady, at net rise for the day Of to points
on near months and to points on distant
| months. Sales 1000 Liverpool advanced 1
| at weak, but unchanged prices New Orleans
| advanced points. Spot cotton here was
! quiet and unchanged. No sales The
! southern spot market was generally quiet,
steady and unchanged. New Orleans ad-
vanced ll6c and sold 400 bales Memphis
! sold 200 bales, and Galveston 1852 bales.
| Port receipts 8 05S bales against IL 100 bales
| this day last week, and 10 666 bales last year
! Augusta receipts 1870 bales, against SO bales
| last year. Memphis receipts, 237 bales
against 232 bales last year. Shipments to-
| day, 200 bales, ST. Louis receipts. 10l bales
against 1853 bales last year: shipments 49l
| bales. Houston receipts, $40 bales. against
2oSl Dale5 last year; shipments to day l,4s3
bales. rise in Liverpool, light crop
movement buying for local, southern
| and European account caused an advance and
much Of it was held in spite OF the fact that
| New Orleans telegraphed 5000 bales, which
| are expected there on Monday against 3772
| last Monday, and 5l68 last year. Cotton
| goods trade is not in a favorable condition,
and the tone in all the speculative market is
| hesitating one, so that cotton has made lit
| tie response to the decreased crop movement
| within the past week. Not few prefer TO
| await the effect of clear weather on the re-
ceipts with view OF ascertaining whether
the stormy weather at the south OF late has
cut down the quantity marketed or not.
| There was considerable switching to day
! from March to later months"
! New York, Feb. 17.-Riordan Co say of
cotton to-day: The week closes with some
| improvement in prices, but very slight one
! considering the recent decided shrinkage in
| the movement. The amount of that has come
| into sight this week is at least 20 600 bales
less thaa during the same week last year.
| The port receipts to day were only about one
half OF those OF this day last year With
| these developments and with Liverpool a
little higher there was more con-
! 1dence among buyers than among
| sellers. The opening was at an advance OF
points May selling on the call at Z s.. In the
| subsequent trading there were spells OF weak
|
| two but the tone was, in the main, firm, and
the market gradually hardened May ad-
| vanced to 7.S8, and everything pointed to
| further advance, when the announcement
| came, shortly before the close that New
| Orleans would receive about 5000 bales on
| Monday against 5. 1853 bales on the same day
| last season. This was enough TO check
| the ardor of the bulls, and a slight
| set back followed. The close was steady
with 7 s. bid for May. The bulls now claim
that the long expected perpendicular drop in
receipts has begun. The bears say that the
smaller movement Is altogether due TO bad
weather, and that soon as the roads i'm
! prove we shall have heavy receipts again.
| Meantime 1t Is useless to shut our eyes to
the fact the crop movement is gradually
| losing its prominence as the
| paramount factor in influencing the
| course OF prices. The condition and
| prospects OF trade the outlook for the acre
| age of the new crop and for the use OF
| fertilizers and. more than all the year OF CON
| gressional legislation restricting the market
| ing OF cotton by paralyzing the speculative
| demand. all these are influences which are,
| just now, at least, as potent in shaping the
| course of the market as the movement of
| supplies. The Hatch bill ostensibly framed
| in the interest OF the farmers is really in
| tended to give to the spinners and the
| millers the control OF the cotton and
| grain crops hereafter at their own
| prices. Traders here are keen enough
! to see that any such law would mean perma-
nently lower prices and as long as there is
! danger Of It's enactment they are naturally
| indisposed 10 buy. and especially TO buy with