The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-07-28

New York, July % -Clapp & Co, in their
review Of cotton, say European supplies
now appear ample to meet consumption,
which appears less than few months ago.
Spinners appear apathetic or in dreamland. ="
Their product is in fairly good supply and
prices lower than ever previously quoted
Liverpool stocks are 5000 bales less, CONT
mental stocks AZ 900 bales less, and the visible
161 1893 bales less than year ago. East India
authorities are reported as desiring an i'm
port duty co protect their manufacturers.
Their shipments last year to Europe were
81 900 bales more cotton than the previous
year. Ameril an exports for fiscal year end
ing June 30 were $3.50, Ar bales; for season to
July 81, 5,125S77 bales against 4,273,236 bales
last season. There have come in sight G, 353.-
$40 bales, against 6491 ,4i3 bales last season.
What American spinners are running are
buying only on the hand to mouth plan;
most OF them report future sales much less
than usual. and prices never lower. The
King Philip Mills at Fall River and
the Lowell Manufacturing Company have
started up. Stocks of print cloths at Provi-
deLce and Fall River are accommodating, and
reported increased to 1,072000 pieces, against
$4,000 pieces year ago. Crop reports from
Texas continue of the best; from the more
eastern cotton belt the reports are varied.
Drought reports are numerous. Rust is re-
ported in Alabama. Cut worms and other IN
sect troubles are seldom heard of. Many sec
tions report ground well shaded Crop fur
Their advanced and plant larger and more
vigorous than for two years past. Houston
has received 100 bales of new cotton the
large crop and lower prices. They are more
aggressive and decidedly more laxative
(slnce cotton the past two days sold lower
than on the panic two years ago or ever be-
fore. Some holders have turned their hold
lngs over to December rather than accept the
large loss appearing on August purcha Ses.
il is probably true this crop has been grown
al a less expense to planter than ever be-
fore. -
New York. July 27.-The Suns cotton re-
port saws: Although there was a small de-
e1f RI in he he NJ he arlya
soon became stronger, and prices made a
moderate advance. The bears were disdp-
pointed to ind that only few August notices
were sent out. and that these were well pro
vded for. Besides, Liverpool was higher for
future delivery, ana local shorts showed
disposition to cover. Much OF the trading
was in switching from early months TO later
positions"
New York. July 27.-Riordan & Co. say of
cotton TODAY: " The trading to-day was again
OF a nervous and hesitating character, and,
excepting IN August, hnal prices were only
slightly changed from yeste rday's. Early in
the day It became evident that the liquida-
tion Of August contracts had been substan-
TALLY completed, and the differences between
that month and the rest Of the list began to
diminish. August, which opened at {. SIC. ad-
vanced TO 6.75c, and closed 672c Did, with the
ever closed only / or points higher than
yesterday The market 10 day was again
subject TO alternate spells OF strength and
weakness. The leading Tears were more az
gresslve than usual, but traders generally
seemed timid about selling, and the result OF
the days operations may be called drawn
battle
VISIBLE SUPPLY or COTTON. The visible
supply Of cotton tonight as made up Dy cable
and telegraph 70 the Chronicle July 20. L. as
follows The continental stocks, as well as
those for Great Britain and the ahoat are this
weeks returns. ana consequently al tne
European figures are brought down 70 Thurs.
day evening But % make the totals the
complete agures Tor July 20. We add the item
% exports from the United states. including
'N 30 -N' isqt tfqq