The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-12-30

towns were 90 Z74 bales. The receipts
rom plantations were 349972 bales. Crop
IN sight Is go bales.
New Orleans, Dec. observation-disclosures,
quiet sales 300. January. 5.l5s Feb
11ary; pa March, 5.3i; April, 5-36; Aay.
81 June. bHs July, $50; August. 5-5ts
September. 5.62; October, 567
NeW Orleans, Dec. 9.-CorTection-De-
duct from New Orleans exports to Great
Britain since Sept. ], "a bales; from eN-
ports to France. S75 bales; from exports
10 continent. l.l57 bales.
Charleston, S. C.. Dec. 29.-COrrectiOn-
Deduct from Char ON exports TO the
continent Sept. I, 90. bales.
New York. Dec. 29.-The sun in its cot
TON review says: Cotton declined ! 10
Z points, but recovered this and advanced
20 points. The close was nrn, Win
safes or 81, luO bales. Liverpool declined
] 70 = points, closing quiet and steady
Win spot sales of 900 bales at unCh hanged
prices. There viii be a holiday there TIL
jan 2 New Orleans declined 3 points
Inc chronicle states that the quantity
Drought into sight during the past week
was 4J-,lb< bales, against 3S2 405 bales for
tne same week last year, making total
70 last night Of Cos $50 bales, against
., 1855 bales for the same time last sea-
son Northern splnners takings up to
Dec =. We're l,2gl.7i5 bales, against 990.23S
bales for the same time last year The
increase IN the amount in sight compared
with last year. l,353,e96 bales. Worlds
visible supply, f,S26.75l bales, against i6lf.-
w bales year ago, and 4,652 255 bales In
1891. The American visible stock IS ~ 94.-
Dol bales against 4,l70702 bales year ago,
show that the quantity IN sight last night
was aa2, 48 bales more than a year ago,
2s9, il6 bales more than in 1892, and 1874. 4s6
oales more than in 1891.
New York Dec. 29.-Riordan & CO. say
OF cotton; The year closes with the cotton
market In very uncertain and unsatis-
factory condition. Both here and in Liver
pool traders seem puzzled as to the
chances for the immediate future. The
receipts just now are entirely too large
TO encourage buying and yet very few
have the courage 10 sen short all are
awaiting developments in regard to the
SIZE or the present crop and the fore
shadowlngs as TO the probable acreage Of
me next one. our opening to-day showed
little change as compared with yesterdays
clOsngs. The first trades in May were
at 5.40c A little indication of further
heaVy receipts, caused some weakness.
and May declined to SGT; but the unwll-
ingness Of the shorts 10 carry the ven
q brlSk demand IN the last half hour, and
the close was firm at the best prices of the
day, 5.IOc being bid for May. The Liver
pool market, as well as our own, Will re-
main closed until Wednesday next. The
crop movement of the past week has been
Just about what the bears pred.Cted@02,-
goo bales. This compares with 332 600 bales
Tor the same week of last season, and
with 2S0O00 bales for the same week in 1891
the big crop year. The estimates for the
coming week point to another very large
weekly Increase of receipts cannot 20
on much longer: a sharp upward turn in
prices is sure to occur whenever IL shall
seem about 10 cease: but the bears tell
us that January VIII show further large
gains as compared with the movement in
the big crop season The bulls, however,
clingto the hope that the south viii now be
g'n to hold back what IS left Of its crop,
and that the receipts VIII greatly diminish
before the middle Of January But how
ever discouraging the volume of receipts
may be, trades can buy now with the rea-
sonable certainty that if cotton has not
already touched bottom. It cannot be
far from X. Financial considerations VIII
absolutely forbid the planting of a large
crop next spring. II Is very unlikely that
the season can be as favorable as the past
one has been. We think that all the
chances favor a good advance early in the
new year. Spectators everywhere are
watching cotton and waiting TO buy when
they think the decline is over. Nine
tenths of them Will probably get left and
only buy to help on the advance after it
has fairly begun. We cannot say that
cotton may not go 20, 40 or perhaps so
points lower; but we believe that now is
the time when those who are able to
protect their ventures should buy and
hold"