The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-05-11

v a
per cent. The market left on steady at the
reaction. Net gains for the day ranged from
,s93's per cent. with Sugar'in the lead Total
transactions were i62 255 shares. OF which
81 500 were Sugar 10 $50 General Electric and
lo-5OO Chicago Gas Railway aud miscel-
laneous bonds were higher. Sales of listed
stocks were $500 shares; unlisted SOD
The quotations at the closing were as fol-
lows:
ANN, Cotton Oil. % Missouri Pacific. 2ex
DO, 40 pref 49, 74ll Mobile & Ohio. II
sugar Refinery ... 10Y 4 Nash. C. j. St. L.. "a
40 preI,.--:... 90 Natl Cordage. ... p
do pref 49,. a9ls N. ]. Central. -. los
Atchlson. i. g ST. 1874 n. Y. Central. &c.. 9S5s
baltimore Ohio 75E N Y IN E. 81
Sanada pacific 66 MORT. & West pfd.. 203k
CheS. Ohio. 900. 1871 Northern Pacific ii.
Chicago & Alton ISS do preferred. Is%
chicago, Il. & O.. 7ssk Northwestern 1851
ShiCago Gas: 100 653s do preferred. 1i2
pei, Lack w. 1904 Pacific Mail 800. l5I
DIS. x Cat. Feed 23E Reading Il
East Tennessee R ifi1iid T'minai So
~ 10 pfet -.-'.... II Rock Island. ..... 6SS
Ere 5o ~ St Paul ....... 60&
Ed Gen Electric 86s. silver GeTtif;s. g.
I4lnuols central 9224 Tenn. Coal & Iron. 17%
Lake Erie q w 1852 do do pref 65
90 pref .-..... 81 Texas Pacific. s%
LAKE oaore lib Union Pacific. -. is
LIvllIe = Nash. Az w Dash. 5. L. s. p.
louisville Il n. A 81 do do pref 1917
EIIanhattan. 49,. 1914 Western Union. s4B
Memphis s. Char. Wheeling & L, F. 70
Michigan Central s6H do do pref 4TH
STATE BONDS.
Alaoama A.. 90 Tenn, new set. IS 1902
40 6-...-.....-..103 Tenn, new set. IS 1919
40 C.....,..,,.-- 80 Tenn. new set IS. 79ls
La stamped As 100 Virginia s. S pref. so
North Cardinals % va. Trust Reefs. 81
NorthCarOlina Is I22I4 Va Fund'g Debt 59Jl
tennessee, ODDS. 60
GOVERNMENT BONDS.
UnttedS States IS, reg stored. ...1l3as
*Asked. hid
New York, May lO-Treasury balances
Today were as follows Coin, S97, 553 900; cur
! Liverpool May 10, noon.-Cotton-Q Quiet;
demand fair; prices hardening; Ameri-
can middling, 15-l6d; sales 1900 bales
American, 10 400 bales; speculation and ex-
port, 1000 bales; receipts 2.20O bales; Amer
mand moderate
>, Futures-American middling fair, low mid
! ing lg clause: May, u; May and June,
53-t4d, also 52-64d; June and July 3 54-64d
also 5564d; July and August, 3 SAD, also
26-6{d, August and September 3 57-64d, also
. 26-oid september and October, 57-64d, also
Q 0S-oid' October ana November, 5000,
also 58-6id; November and December,
5y-64d, also 58-64d; December and January,
3UG64d. also 6l64d Tenders at today's
clear1ngS none.
498d good middling, Lied; middling, l5.l6d
low middling, l3l6d; good ordinary
3 ll-l6d; ordinary. 31ad.
Futures American middling fair, low mid
ding clause: May, 53-64a3 54-6id; May and
June, 6}6403 54-64d: June and July,
3 54-t49S 5564d; July and August, 3 Sc SD
sellers; August and September 57-64d,
| sellers; September and October, 3 5s-64d
| value October and November, So. sad,
| value; November and December, 3 60-64d
! value December and January, 6l-6ld
! sellers. Futures closed steady.
New York, May 10, noon.-Cotton futures
| opened steady. as follows: May, Ole: June.
! O4c; July, 7Cs;; August, 7 12c; September,
! Z l5c; October 19c.
! New York, Nav 10, p. m.-Spot cotton
| closed steady; m1ddling gulf FAC. middling
| uplands 7l4c; sales 592 Oales
| Futures closed steady, with sales OF
| $1,000 bales, as follows: May, 6 $685. 96c:
| June, 6ye06 99c July, 04N7 05c; August
! 7 O5(G7 09c; September, l1Q7 l2c October,
| z l4G7 l5c; November lSc; December, %
| az 2fc; January. 1907 30c.
| New York. Nav l0.-Total consolidated
net receipts at all the ports to-day were 24I7
bales; exports TO Great Britain 654 bales to
Frame -. bales, to continent - bales;
Total so far this week: Net receipts 1894
| bales; exports to Great Britain 1882 bales,
to France so bales. to the continent 10 73l
bales.
New Orleans May 1O-Cotton futures
closed steady, with sales OF 81 500 bales,
as follows May 14c, June 6 &C, July nc,
August 79c, September 79c October Sic,
November CSC, December 6 Gle, January
VIC.
New York May lO.--The Suns cotton report:
Cotton advanced to points then reacted;
closed at net advance OF to points. sales
5000 bales, Liverpool advanced 2 to 21s
points, and lost art of this. closing very
quiet; spot sales 49, 900 bales at hardening but
unchanged prices. In Manchester yarns we're
quiet and unchanged; cloths unchanged Bonn
bay receipts for the week, 90, 900 bales against
10000 bales for the same week last year total
since Jan |, 100000 bales, against O4S, 900
bales during the same time last wear New
Orleans ad anced to points. bus lost part
of this. Spot cotton here was steady and I'M
changed at nc for middling uplands Sales
So bales for spinning. Port receipts today
were 2,4l5 bales, against 4, l65 bales this day
last week and 43C0 bales for the same day
last year. thus far this week IS ga bales
against 25.l92 bales for the same time last
week. New Orleans receipts tomorrow are
estimated at 400 bales, against 2.s03 bales the
same day last week and $50 bales the same
day last year. The bullish features to-day
we're first, the activity in Liverpool
and next the bureau report giving the acreage
at about per cent. less than last year. The
southern markets were a little stronger.
Prices advanced here, partly owing to the
covering OF shorts. Later on LIVERPOOL
weakened and there was reaction which
left the market about where it was at the
close last night Private reports are
at variance with the bureau report IN
regard to the acreage. While the govern
ment says that the indications now point to a
decrease in the area this year OF l.9 per cent
this is considered too strong a statement
The speculation was IN the main local. Large
stocks and dullness OF trade tended to prevent
any decided advance. Needed rains fell in
Georgia and South arolina.
New York, May 10.-Riordan & Co. say of
cotton today: The better Liverpool advices
caused a pleasant fiutter among the bulls
this morning. and first prices were to 5
points higher than yesterdays closings
August selling at the call at T. l3c and 7I2c
But the strength was of brief duration. There
we're more sellers than buyers, and August
gradually declined to I08c. The bureau re-
port at noon reporting a smaller proportion
Of the crop planted on May l than at the
same date last year, and a slightly decreased
acreage rather surprised the bears
who bought briskly to cover
causing quick rally, in which
August advanced to 7l4c But the shrewdest
traders have learned to put precious
little confidence in bureau estimates and the
buyers finding that cotton offered at the ad.
vance. they wanted to cease bid ling
The market again yielded and August sold
down to 707c. The close was steady, with
105c bid for August, the same as yesterday
The market tomorrow Will PROBABLY be ruled
by Liverpool, but the feeling is growing here
that, irrespective OF temporary fluctuations,
the generally good outlook for the new crop will
be likely, sooner or later. to result in a lower
scale OF prices on the other hand If anything
serious should occur to threaten the crop
there will be no sellers and the market
might take big jump"