The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-08-31

OF OF the cotton belt the rainfall was light or
moderate. The South Carolina state reDort
on the condition OF the cotton crop. Just
issued says; The diversity OF soil and
tOpoeLapny OF the state makes II Improbable
tAaI the same weather conditions w0uld he
equaIly favorable for crops in all
dltlons OF cotton at the present time
eXemplihes this very striknglv Owing Ia
Inc heayy rams Of the past few weeks, cotton
on sandy soil is poor crop: 1t continues 10
shed too freely. and rust is developing verv
generally while the plants growth has
stopped with scarcely any top crop: from
mis- conolCon cotton grades up to as good
ue-uo as can re produced any time or any
Wnere' nut taken altogether, The prospects
zen considerably short of an average crOp
bolIs are maturing and opening rapidly,
ana picking will in a snort time be-
come general. The Georgia report of the
week Is much more favorable The
market is not likely to take any decided
position until the new crOp movement is
heavy, and then if the spot demand a1es not
come TO support prices must drop to lower
| level. To-day features: Heavy rains in
! IeGas and unexpectedly steady market in
NeIpool, some railing on IN the receipts at
the ports, favorable state reports In South
carolina and Georgia, an advance in silver,
| aacIlVIty IN cotton goods, report that the
+ all River mills will start up again on sept
10, and some local southern and European
| buying caused an advance"
New ork, Aug 30.-Rlordan Co. say of
cotton to-day: The crop accounts were less
I
RAIN and cotton both here and in Liverpool
refused 70 decline further. Our opening was
slightly higher. Just after the call the bears
made furious onslaught, hammering Janu-
airy from 6SOe the opening price, down to
0 &c, the lowest price yet recorded. but there
were eager buyers at the decline and the mar
ket quickly rallied points. 1t continued
firm throughout the day. The close was
steady with 6.S0c bid for January. The shorts
are Enthusiastically uneasy, and after the close
we're bidding 6 SAC for January. The bears
still talk glibly of cent cotton, but they
don't want to sell, and talk is not enough to
depress the market Present prices would
seem to discount big crop, and as nobody
seems disposed to sell, the chances are that
we shall have some improvement. We may
not yet have touched bottom, but at the mo-
ment we would rather buy than sell.
Naval Stores.
Spirits Turpentine-'N Nothing new nor in
| teresting'' was the replies received at all in
qulrles on the market to-day. The situation
is unsettled, and so many rumorS are atioat
regarding the manipulations of the market
At the Board of Trade at the first call, at II
o'clock a m, the market was bulletined 26%c
paid. with sales OF 200 casks. At the close 1t
was bulletlned firmly held at 26hc for regu-
! lars.
RoSin-There was renewed demand,for all
| grades, and mediums we're advanced sc. The
| sales amounted to about 700 barrels. At the
Board of Trade at the first call, at o clock a
m, the market was bulletined firm and un.
| changed with sales of 1874 barrels. AT the last
| call there were sales of las barrels bule
| tined at the following quotations. Tone firm