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

GOVERNMENT BONDS

NorthCarolna dS III Va. Fund'g Debt. 551l
Tennessee, olds.. 60
GOVERNMENT BONDS
UnitedStates IS, registered. ...,,...il2A
United States IS, coupons .-..............il2%
*Asked. ibid
Cotton.
Liverpool, Jan. 8, noon.-Cotton, fair de-
mand at steady prices American middling,
4 5-l6d; sales 1900 bales; American, 10, 200
bales; speculation and export 1000 bales:
receipts, 1000 bales; all American. Futures
opened steady; demand moderate.
tutures-American middling fair low mid
ding clause: January, ls-64d: January and
February l9-64d, also ls-64d: February
and March, 20-64d, also 4 19-64d; March and
April, 20-64d, also 2l-64d; April and Nav
23-64d; May and June, 4 25-64d, also 24-64d;
June and July, cad, also 27-64d; July and
August 2s-64d. Tenders at to-day's clear
ings were $500 bales new dockets and l, 7O1
bales old docketS
5-l6d; good m1ddltng, AID; middling, 49Sd;
ordinary, 3 l5-l6d.
Futures-American middling fair low mid
ding clause: January, % 6414 21-64d; Jan
uary and February 2O-6lfl4 p SAD; February
and March Fl 6A04 % 64d; March and April,
23-6id, buyers; April and May, 25-64d,
sellers; May and June. 4 20 6494 27-64d June
and July, 2S-64ll4 29-64d; July and August,
| 3O-64d, sellers; August and September 81
| sd, sellers. Futures closed steady at the ad-
vance.
New York. Jan. g. noon.-Cotton contracts
| opened firm at sac points advance. gained
| 3Qt5 points with fairly active covering trade,
| influenced by an advance of 4lt5 points at
! Liverpool, together with decreased port re-
| ceipts. and are now firm at l463l5 points over
| Saturday.
| New York, Jan s.-Cotton futures opened
firm as follows: January, 9Oc; February,
s'c' March, 8 O7c; April, l5c; May, 8 pc;
| June, S Bic.
New York, Jan. 8, p. m.-spot cotton
] r,,IF q 4.
| uplands 3-l6c; sales 241 bales.
Futures closed firm, with sales Of $4,000
bales. as follows: January, s OOc; February,
! s 05c; March, 8 lac; April. PIC; May, 8 29c;
| June. &c; July, 3 44c; August, s Sic
! New York. Jan. s.-The total consolidated
| netreceipts at all the ports to-day were % O16
| bales; exports to Great Britain 74ll bales, to
| the continent 1881 bales; to France $50
| bales; stock l,213 929 bales.
Total so far this week: Net receipts 80 1O4
bales exports to Great Britain 81, i57 bales.
| to France lO,l4 bales, to the continent 1855
! bales.
! New York, Jan s.-The Sun in its report of
| cotton to-day says; Reports Of diminished
| receipts at the counted and uncounted inte-
rior towns, an advance in Liverpool and
| heavy buying for New York, southern and
! European interests, caused a rise here today
| of 10 to "a points. closing firm. The buying
| was largely to cover shorts Considerable
| stress is laid on the reports from the minor
| and uncOunted interior towns, that supplies
| there are becoming exhausted. The trading
e
| owing to the fact that there was a holiday
| in New Orleans. Sales Of 24l 600 bales.
| Liverpool advanced 4 to Az points and
! closed steady, with spot sales OF II 900 bales
| at an advance of l-l6d. In Manchester yarns
| were dearer, but buyers refused to GO on and
| cloths were quiet. There was a holiday in
! New Orleans. Spot cotton here was &c
/ higher, with sales OF PAL bales for spinning.
! There was an advance of l-16l911c at eight of
| the southern markets. The receipts at the
! ports were 2S,O l6 bales against $3.50 this day
/ Last NJ la gf toll for
] this week 80 lO8 against 76076 thus far last
! week. Exports to-day from the ports. Z All to
| Great Britain; $3.50 to France, and 25,315 to
4 the continent.
! Riordan & Co say Of cotton: THE feeling
was more bullish to-day than it has been for
| long time. LtverpoolS' firm front and the
| light receipts were considered by the traders
| here as justifying the hope Of higher prices,
/ and the buying was general and confident.
| March opened at SOC, advanced to =. 10, re-
| acted to 500 and after some minor fiuctua-
| tons. closed at 814. With the tone firm, the
course of the market tomorrow will depend
| largely upon the attitude OF Liverpool. But
| Liverpool as well as New York must finally
/ be governed by the receipts. Ii these con-
| tinue light there can be no great break in
| prices, but the traders here, as we'll as parties
| outside, are now more than ever loaded with
/ speculative purchases. and 10 Will require
constant stream Of favorable developments to
! prevent the market from having some sharp
| set backs. On the whole. however, the pros
| pect looks rather encouraging
New York Jan. 8.-Atwood Violet Co.
| say of cotton to-day; The movement Is of a
! character to make Liverpool feel as though
| they had been relying too long on 100000
| estimate and while the Improvement there
| to-day was points 2 OF them we're lost. We
! understand that the continent bought here
| freely to-day. all Of which created q consider
! able amount of buying after the opening. The
! total improvement OF the day is 10
/ points. Port receipts y, 900 bales against 19-
| 900 bales last year. All southern spot markets
| are 1sc435c higher to-day, and while futures
I NtnHu a.
| it remains 70 be seen whether
/ the spot holders can be scared
| of what Is left OF this crop. which really looks
as though il might be 100000 bales. our esti-
| mate being only 7200OOJ maximum. What
/ the south needs is an enlightenment as to the
! question Of supply, because that Of demand is
| brought home TO them daily, according as
| they are able or unable TO sell. We showed,
/ a few days ago. that even IL this crop is 1880
/ 900 there would have to come into sight by
! Sept I next more than l6JJ, 900 bales TO real
/ fZe that figure. exclusive Of port receipts to
Friday last. the visible interior stocks re-
ported weekly also the overland movement
/ and southern consumption. Therefore at in
visible towns and plantations from the Pc
/ tomac 10 the Rio Grande, that amount of cot
| ton Is scattered in such amounts as should be
no hardship to the holder OF IL even II cotton
/ declined. whereas he Will be largely a bene-
| tciary il the market should improve. 1t IS
I not as though we we're az the beginning Of the
! season. but we are now in the fifth month Of
/ the cotton year, when more than 5.6OO,OOO
passed out OF the hands Of
! the producers. The south is really. in meas
ure, in a position to dictate prices for the time
being, at least, 10 strikes US that way. The
American spinner who is in a worse position
than he foreign because he has stayed out Of
the market whereas foreign consumers have
taken cotton literally. but little beyond their
immediate necessities. We repeat what we
said few days ago that the recognized au-
thorities on cotton say the worlds require
ments OF American this year viii be .250,0)0
bales II they can get IL. whereas this crop
1 promises 70 be under 7250OOO bales. We
shall therefore, have 20 rely upon the supply
OF American cotton brought over from
last wear on Sept. I. which was on
that date about $4,000 bales; but II
the word should consume Of that amount
this season. CO.., 900 bales, IL would leave only
1 POO u bales to be carried into the next
season. which would be very small supply
considering how scattering Il would De In this
country and Europe. On the other hand the
Egyptian crop promises this year only $500
90 cantars against 525OO0O last year. A
cantar weighs % pounds Then again India
instead OF shipping $4,000 more than last
wear Is being reduced TO 10000 bales. and
crop accounts there are not favorable. A
large mill owned by member OF this Ex-