The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-01-25
GOVERNMENT BONDS.
United States As, registered. ...........11SA
UnitedStates As, coupons ...............lI3%
United States 2s, regis ered...,........ %
Cotton.

Liverpool, Jan. "a. noon.-Cotton-Fair
demand; freely met; prices easier; American
middling. AID; sales 1900 bales American
ll,2OO bales; speculation and export 1900
bales; receipts, 5000 bales; American 24OO
bales. Futures opened easy; demand mode
rate.
Futures-American middling fair. low mid
ding clause: February and March s6id;
March and April, l0-64d. also 4 9-64d; April
ana May, l2-64d also l4-64d May and June,
l+64d also 10 Cad: June ana July, l5-64d;
July and August, l7-64d also 16-64d Au-
gust and September, ID. Tenders at to-
days clearlngs none.
p. IN American middling fair, low mid
ding clause: January, o6i0o4 96id; Jan
uary and February, 640l4 9-6Id; February
ana March, 9-64d, value; March and April,
4 lO6494 ll-64d April and May, l2-64@
l3-64di May and June, 15-64d buyers; June
and July, 4 10 640l l6-64d; July and August,
4 l1-64Q4 ls-6id; August and September,
lg-6id, sellers, Futures closed steady,
New York, Jan. "a. noon.-Cotton contracts
openyd steady at AS points decline, as fol-
lowing Liverpool and on free port receipts,
but rallied on local covering and prices now
points over Yesterday.
New York, Jan. ri. noon.-Cotton futures
opened steady, as follows: January, z SOC;
February SIC; March, &c; April, nc;
May SEE June. sec.
New York, Jan. "a, 4 p. m.-Spot cotton
closed steady; middling gulf 3-16c; middling
uplapds l5-l6c; sales IS bales.
Futures closed firm, with sales Of 9l1,000
bales, as follows: January, &c; February,
z z c. March, SCI April. 90c; May, CSC;
June. S O5o; July, s1lc: August 8 l5c.
New York, Jan. 24-The total consolidated
netreceipts at all the ports to-day were 70, $50
bales exports TO Great Britain 7,647 bales, to
Frame 1916 bales, to the continent 10, 152
bales; stock 1886. 474 bales
Total so far this week: Net receipts 1l3, 998
bales; exports to Great Britain 81 1872 bales,
to France 1861 bales to the continent 40,390
bales.
New Orleans. Jan. 2l-Cotton futures closed
steady, with sales of IS 700 bales. as follows:
j z
April soc, May SIC. June zoe, July nc,
August SIC, September =.
New York, Jan. 24.-'1he Sun, in its review
OF to-day cotton market, says: Cotton de-
clined to points but regalned this and ad-
vanced 10 to IA points closing firm, with sales
OF 2ll,OO0 bales. Liverpool declined points,
but recovered most of this and closed steady,
with spot sales of 1900 bales at weak but
unchanged prices. Manchester slow New
| Orleans declined TO points, but recovered
this and advanced IL points. Spot cotton
here is 1-l6c higher, with sales of 95
bales for spinning, Mobile sdeclined
&c, and Memphis and St Louis Lice.
spot markets as rule we're steady and IN
changed with little better business in some
cases. New Orleans sold 5000; Memphis
300; Savannah 1,o45; Galveston 767, and
Nozzle 700. Port receipts 26,6S3 against o.
9sl this day last week and 11,705 last year.
Receipts so far this week / IS ,99s against 103-
43O thus far last week. Exports from the
ports still large. New Orleans receipts to
Il
same day last week and 452S last year. Au-
gusta received pa, against 1875 last year. and
| Houston 1853 against 3,517 last year"
New York, Jan. 24-Riordan & Co. say of
| cotton to-day: 1.-The market to-day under
went change of temper that was so unex-
| pected and eXtrao binary as to seem almost
whimsical. Liverpool was lower. and the
| port receipts were simply appalling in volume.
Our opening was at decline OF about six
points, the first sales of March being at 763c.
Immediately after the call however, an i'm
proyement commenced. which was continued
with trihing set backs throughout the day un-
til the advance had reached 20 points from the
lowest The close was firm, at about the
prices for the day, Z s2c being bid for March.
Nobody could explain the cause Of the rise.
which was certainly very remarkable one IN
the face OF depressing conditions. PROBABLY
| it was due to a com bination of circumstances.
1t began with covering Of some OF the shorts,
/ who believed that the decline at the
| opening had discounted larger crop than we
! were likely to get. Then buying orders came
| in from New Orleans and Memphis from par
| ties who say that the movement is likely to
| be suddenly checked next week. The very
| mystery OF the steady rise frightened many be-
| lated shorts towards the close and caused a
| helter-skelter rush to corner, resulting OF
course, in helping the rise. Whether the ad-
vance has come to stay or is a mere tempo
rary furry. is hard to decide. If there is no
| decided falling of in receipts, fear is enter
| tained that the improvement will not hold.
| But cotton IS very uncertain article and the
| days advance, when nobody expected it. as
| at least given the bears very wholesome
! lesson, -