The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-01-12

STATE BONDS.
Alabama A.. 95 Tenn, new set. 6s. 1914
90 u ............. 96 Tenn. new set. IS. IS
do C..-."....... 81 ITenn.new set. IS. "a
La. stamped As 9s Virginia 6's pref so
NorthCarolinais 80 Va. Trust Reefs. IS
NorthCarolina IS l07 Va. Fund'g Debt. 55H
Tennessee, olds.. 90
GOVERNMENT BONDS
UnttedState As, registered. ...........IlS
UnitedStates As, coupons ................1i3
United States Is, registered. 81
@Asked ibid.
Cotton.
Liverpool. Jan. H. noon.-Cotton, good de-
mand; prices firm; American middling. 49sd;
sales 1900 bales; American, - 200 bales
speculation and export, 800 bales; receipts,
5000 bales; American 1890 bales. Futures
opeped steady at the advance; demand mod
Futures-American middling fair, low mid
ding clause January and February, 1 20-64d;
| February and March 22-64d; March and
April, 2364d, also 24-64d: April and Nav.
4 25-64d. also 1 26-64d; May aud June 27-64d;
June and July, 2S-64d; July and August 4 80
64d, also Sl-64dd; August and September,
32-64d.
A p. motion. American mlddling fair
I lSl6d; good middling, AID; middling, 4ssd;
low mlddling, 4Ad; good ordinary, 4lad;
ordinary 8 $3.50.
Futures-American middling fair; low mid
ding clause: January, 21-6+Q34 22-64d; Jan
uary and February, 2l-6414 % Cd; February
and March, 25-6484 24-64d; March and April,
2o-o4d, buyers; April and MAY 72-64d, buy
ers; May and June, 4 2S-64614 29- sid; June and
July, 4SO-64@i 81 cid; July aud August 81
sd buyers; August and September, 5000
vance.
New York, Jan. IL, noon.-Cotton contracts
opened firm at an advance Of 546 points, and
gained 26e3 points, as following Liverpools
gain of 4G5 points, but reacted under tree
local offerings. and is now COZ points over
yesterday.
New York. Jan. 1l.-Cotton futures opened
steady as follows January, 8 O3c; February,
O9c; March, 100; April, ESQ., May, 36c
June. Ale.
New York, Jan. II, p. m.-Spot cotton
closed quiet; middling gulf 81 middling
uplands SIC sales 1866 bales.
Futures closed steady, with sales OF 2o0. 800
bales, as follows: January, 8 02c; February.
l'8 orc; March, s l7c; April. 25c May, SAC
June. 40c; July, Acc August. 8 sic.
NeY York. Jan 1.-THE total consolidated
netreceipts at all the ports to-day were 1898
bales; exports TO Great Britain 2lO92 bales, to
| Frame 5O0) bales to the continent 10,429
bales; stock 1, 1873 955 bales
| Total so far this week: Net receipts 1l6 Alb
| bales; exports to Great Britain 1911 89 bales
TO France 32,5S0 bales, to the continent 54.29l
bales.
New Orleans. Jan. 1I.-Cotton futures closed
! firm, with sales Of 121 200 bales as follows:
January 66c, February &c, March Z SIC
April SIC, May Csc. June 8 lac. July pc
August &c. September --.
New York. Jan. l1.-Sun's cotton: 1T was
an irregular and exciting market, but in the
main tone was oullish and prices closed on
| Change to points higher than last night
| though at one time the improvement reacted
! 10 points After the close tonight prices ad
vanced points to ne for March, owing to a
| crop estimate by r. Il. Wilson & Co pla sing
| the yield of .O93 1855 bales or 900 bales less
than the 9,i New Orleans estimate of 100000
! bales. The other bullish factors were large
| sales In Liverpool, higher prices
for futures there rising southern
markets. Ports and smaller psboTt receipts at
| are steadily decreasing. The trading here to-
| day was on large scale. Europe both bought
| and sold. The shorts covered freely, but on
! the rise the long interest sold considerable
! cotton. 1t was noticeable that the reactions
! to-day were due solely to realizing The
! close on Change was barely steady,
| but as already intimated, the mar
ket after the change, was stronger Liverpool
| advanced "A to points, closing steady
! with sales of 1900 bales on the spot at un-
| changed prices. In Manchester yarns had a
| hardening tendency, and cloths met with a
| good inquiry. Spot prices here were 1-l6c
| higher, with sales Of 1856 bales for spinning
| There was an advance of Lice to 1sc at eight
! OF the southern markets. New Or1
| leans sold $500 bales. The receipts at
| the ports were 76i3 bales, against IA 237 this
| day last week and II, s54 last year Thus far
| this week 116,413 bales, against 157 $50 thus
! far last week. New Orleans advanced q to II
! points. The receipts there tomorrow are es-
timated at 5000 bales, against 6.079 this day
! last week and 1888 last year. The exports
| from the ports to-day were "a o92 bales to
Great Britain, 5,6O6 to France, and 10,429 to
| the continent.
New YORK, Jan, ll.-RtOrdan q Co. say OF
cotton to-day: The market today was
| lively one. sharp advance in Liverpool
was an unpleasant surprise to the bears ana
our opening was further Improvement,
| March selling on the call at S1Sc and S.l9c
| A great deal of long cotton was sold out at the
advance, but the market absorbed il all and
] the buyers for while outnumbered the sell
| ers, S22c being freely bid forMarch, but vague
rumors that the annual crop estimate of r. I.
| Wilson Co., which was TO be an
nounced after the close, would favor the
| bears, kept the market in q feverish
| condition all day March declining to s 17c and
| huctuating nervously between that price and
S22c In the last half hour the tone grew
! weak under heavy sales to realize profits ard
! the day size being bid for March. After the
| close, the estimate OF Wilson & Co, was an
n i3ta less making fhan ,o5 the S S5Tp
casioned an instantaneous revulson
of feeling and in the unofficial trading that fol-
| lowed 8 PC was freely paid for March. We
| think il probable that the Wilson estimate.
| following the bullish figures OF Bradstreet
| and the bureau, will have far-reaching in
| fluence abroad, and we shall not be surprised
| to find Liverpool again higher tomorrow"
| New York, Jan. l1.-Atwood Violet g. Co.
| say of cotton today: "Our predictions are
| being verified as to a higher market and our
| information is decidedly confirmed by the
! general movement, which promises less this
| week even than expected. Port receipts will
| be about $4,000 bales against liz 900 bales
| last year but the interior movement will be
.
| in stocks. What we said a few days ago is
! now more pertinent than before, namely
! that we believed that the ratio of stocks at
| invisible towns and plantations to the visible
| towns stock is smaller now than. perhaps
| ever before. When we consider the spec
ulative short interest that the spinner In this
country is bare of cotton, and that the
English is In no better condition. although
the continental may be little better
situated in this respect, il looks
as though the time is ripe to
turn the tables. With the rapid disappear
ance OF this crop, as it came into sight, owing
to large exports, there is no pressure any
where in this country to sell actual cotton. II
the south has learned one lesson it should be
that increased acreage, or any reason to sup
pose that they will increase, would be the
very worst bear argument possible, but as the
south is putting very much OF its soil in gram
which has heretofore been cultivated in cot
ton, It is certainly to be hoped that expert
ence has taught them fully the folly of relying
on one crop and going into debt largely TO
make even. II the south would only
conhne its crops to 250, 900 maximum for one
or two years longer we will have worked of a
great deal OF the surplus and cotton will be in
a strong position One Of the best things
that has happened for the cotton market this
season has been the large extent TO which It
has been oversold both at New Orleans and
in New York, and one consolation is, that 1t
has been made extremely pleasant, facetiously
speaking. for that element which has been
estimating a 7,750,0O0 crop and with
corresponding panic In prices. We be-
heve that bale Of cotton is better invest