The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-09-01

New York, Aug. 31,-The Suns cotton re.
view OF 10 days market saws: Cotton ad-
vanced TO points, but re a ted an closed
generally to POINTS lower and easy. The
"a es were SO go al3s. Liverpool advanced
"a TO points, distant deliveries showing the
most strength, but later on the part rise was
lost and the market closed quiet Spot sales
there were 1000 bales at harden
Ing but unchanged prices: In
Manchester yarns were dull but
steady: cloths quiet; New Orleans advanced
points and then reacted, and December
made net decline Of point compared with
yesterdays closing Port receipts 6, SS7 bales
1857 bales last year Total for the week,
"a. 794 bales, against 1929 ales last week and
l7'7O2 bales for the same week last year. New
Orleans received 1861 new bales TODAY
savannah 552 bales: Charleston $50 bales and
NorfoIk 81 bales. Houston receipts today
$3.50 bales, against 2,5S2 bales this day last
week, and 1856 bales last year. The Missis-
slppl ana Georgia state reports are UNI
favorable. In Northwest Arkansas the crop is
In some localities. it is said. almost ruined
but on the whole the crop in that state seems
to be doing pretty well. The rainfall for
twenty-four hours ending at o'clock last
nigh in Texas was .02 inches at Columbus
l.2O at Lullng, l. AZ at Bolton. IS at san Mar
cos, 60 at Longvlew, .55 at Huntsville 81 at
Brenham, inches at Waco, 80 at Hearne
and 90 at san Antonio. Elsewhere the rain
fall included ESQ inches at Prescott little
Rock DISTRICT. l94 at Shriever. 100 at Alex
andrla and liz at Coyington. in the New Or
leans district; inches at Aapaha and 70
at |uitman, in the Savannah district; 03 at
Okolona, in the Mobile section, and LOB
The prediction for the next twenty-four
hours, was for the cotton belt fair with
occasional showers. Heavy rams at the
south, an advance in Liverpool and some
covering of shorts by those who did not care
10 remain short over the holidays caused
higher prices here early in the day but later
on the improvement was lost and small de-
cline followed. owing to large receipts at the
ports and interior towns and some liouida-
tons by discouraged longs.
New York, Aug 81 -Hiordan & Co. say of
cotton to-day: The cotton year ends today
and the exchange will be closed until Tues.
day, Sept. T. Tomorrow having been voted
a special holL az. the market to-day was
higher at the opening, but yielded sJmewhat
receipts. In the last fifteen minutes there
was some pressure to sell and final prices
were the lowest OF the day and only about
pom S above the lowest Of the season. jan
uary sold on the opening call at 6S4cQ6 s5c |
II remained comparatively steady nearly
an day at a2out csc. jan
easy La several respects the condition
of the market is unprecedented. Prices are |
lower than they have ever been at the open
ing Of the new cotton season There is not |
ways enlivened the trading in other wears |
There is none Of the overwhelming long inter
est which has usually made the market dan |
gerousIy topheaVy. The south is believed to |
be short OF cotton now and not long of it, as |
it has almost invariably been hitherto on |
the other hand, the traders here are keeping |
close TO shore being afraid TO sell cotton TO |
any great extent at the ruling quotations.
AS long as speculation remains so sluggish !
and timorous it is hardly likely that |
u VIII anect prices materially |
in either direction, and the course |
Of the market will be governed by develop |
ments relating to the extent Of supply and |
the probable activity of the demand But |
while the possibilities OF a record breaking |
crop favor the bears, all the chan ,es of crop !
accidents and Of revived trade feed the hopes |
Of the bulls Many shrewd cotton men, |
hitherto bearish. are now rather publish In
their leanings If the crop continues to do /
well, prices may gradually decline further,
but the bear thought OF an early frost sends a |
cold SILVER through those who are short OF |
cotton. The receipts next week and through
out September promise to be very large"
Financial.
savannah Aug. 3l-Money is easy.
The bank clearlngs for the past week have
been SlO4i $3.50
Foreign Exchange-The market is firm
The following are net Savannah quotations:
Sterling commercial demand "a g5K.
sixty days. "a St1a ninety days. "a s4I4; francs,
Paris and Havre, sixty DAYS a. 2U16 Swiss
Domestic ExchanRe--The tone OF the mar.
ket is firm. Banks are buying at mar
and selling az Z premium.
Securities-The market is very quiet, but
stocks and Bopds-state bonds: Georgia
~ per cent. bonds. s7k bid. 9s5z asked; new
Georgia AZ per cent. bonds, 1915 1917 bid
~ asked: Georgia Smiths. maturity 1896
City Bonds-Atianta 7 per cent, los bid.
lOA asked: Augusta 7 per cen, ia bid |
no asked; Augusta 8 per cent. iOeh bid,
i dS asked. Columbus per cent, 100 bid.
Asked new savannah per cent quarterly,