The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-09-20

uary 8 2Oc, February 25c, March soc. April
&c, May 43c, June acc, July 1 55c Au-
gust c.
New York. Sept. 10 THE Suns cotton re-
view will say tomorrow: Cotton advanced
3 10 points, but lost this and declined 3 To 6
points then rallied slightly ana closed 70 6
points lower than last night and steady with
sales Of 100, 600 bales.
Liverpool declined Il to / point. bul re-
covered TINS and closed steady; spot sales
l2,COO bales at unchanged prices. In Man
chester yarns were dull; cloths firm. Port
receipts p l47 bales against II $50 bales and
l5,2ls bales last year; thus far this
week, 9s.S5s bales against 5l,s30 bales
last week. New Orleans advanced to
points, but lost this and declined TO points
Spot cotton here was quiet and unchanged;
sales, ~ bales for spinning. Mobile, Charles
ton, Galveston and Wilmington declined J. I6c,
New Orleans &c lower. savannah was easy.
New Orleans sold $50 bales. savannah = 1850.
Galveston 755 and Augusta LIP bales New
Orleans receipts tomorrow are estimated al
800 bales, against ,416 bales on the same day
last week, ana 1859 bales last year. Houston
received to-day .533 bales, against > 2G3 bales
ihls Gay last week. and Ass bales
last year. Todays features: A comparative
publish report from Liverpool, a distinctly
bulllsh weekly bulletin by the government.
ana more or less covering caused an early
advance, but heavy short selling by local
bears, and some selling for southern account
as well as moderate selling orders from
Europe, soon sent prices downward. 1t was
IN Inc main narrow local market. The crop
news from all sections OF the south except
the Carolina 5 and Western Texas shows that
In some cases serious damage has been done
by excessive rains, producing rust, shedding,
rotting and boil worms"
New York. sept. l9.-Riordan & Co. say OF
cotton to-day: the cotton market today
was an active and exciting one Liverpool
called a halt and our market re sponded. open
ing or points higher than yesterday clos
ing. During the forenoon the tone was quite
firm, and January, which had opened at Coz
advanced to 6.63c. But single sale OF about
5000 bales changed the temper OF the market.
A multitude of small traders. who had bought
at the opening in anticipation of an advance,
threw their holdings overheard and in a few
minutes January was offered at 6.6Oc. The
same bear operator who forced yesterday $
decline then began Offering cotton freely. He
met with little resistance, and as stop orders
were reached the decline went on rapidly, IN
til January was offered at 653c In the final
trades there was small rally from the low
est and the close was steady with January at
65i0o, SOC. With receipts pouring in so heav-
lily. 1t is useless to predict what the market
will do, but we believe that the tremendous
and continuous decline must, before long, be
suddenly and sharply rebuked."
Naval Stores.
Spirits Turpentine The market opened
| showing little business on weak market,
| sales OF 100 being reported at 251fc. There
| was nothing done until after the close at the
| Board of Trade when the factors held a meet
! ing to consider bid from two prominent eX-
porters, for 10000 casks at 24isc. After some
| discussion at the meeting the factors decided
| TO accept the bid and the sale was consum-
| mated. 1t was subsequently rumored that
| there were so casks sold afterward at 244c
per gallon. and that the market would be
| posted firm at PAX or 25c to morrow.
! At the Board of Trade at the first call the
market was bulletined steady at 25hc with
| sales OF 100 casks. AT the close il was uD-
| changed with no sales reported.
| Rosin-The market was dull and neglected.
| No transactions were reported during the
| day. At the Board of Trade the market, at
| the opening and closing calls, was bulleuned
| firm and unchanged with no sales. The fol