The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-07-08
EXPORTS or COTTON THIS DAY.

Or. Brit Fr'nce. Cont. est
/ New Orleans. zee. zee. $50 l,733
/ Norfolk .-........ ...- -. 232
/ New York;. .--- .--.. S,bse
| Total..-........ ...- 900. 1882 22e5
Total exp'ts thus
/ far This week . ... 1852 22f5
/ Liverpool July :. noon.-Cotton-Duu
! and prices in buyers favor American
| midding, Id; sales, 5000 bales; Amer
/ lean. 5,iOO bales; speculation and export 90
/ bales; receipts, 1000 bales American, 5,60
/ bales. Futures opened quiet; demand poor.
,Futures-Ameriean mtddling faiT, low mid
ling clause: July ID; July and august,
/ September and October, 5g-6id; January
/ and February. CO cd
4 p. motion, American middling fair.
! 47-I6d, good mtddling, 4 d d; middling, I'd: low
middling, $50; good ordinary, Sad; ordinary,
| 39-I6d
Futures American middling fair, low mid
| ding clause: July, 56-64gtS 57-6td: July and
! August, 56-6i0L3 5T-64d: August and Sep
/ TENDER, 5S-t4d, sellers September and Oc-
/ tober, 59-64d, sellers: October and November,
/ 3 6064d sellers; November and December,
1 3 81 sid, sellers; December and January, 3 o.
| SAD, sellers January and February, } 6S-6td,
sellers: February and March 4g4 l-64d. Flu
/ lures closed dull but steady.
New fork July z, noon.-Cotton futures
| opened dull, as follows: July, Ec;
August; csc; September, 04e; October, Z lie;
| November 7 lsc; Decem Der, 7 24c.
| New York, July T. 4p. Motion futures
closed barely steady. with sales of AZ 100
bales. as follows; July, gt96 e5ci August.
! 05G7 06c; November, 12q7 l3c; December,
| 1907 zoe; January, 2l6b7 Pee February,
3ld7 S2c; March, z S767 3gc.
New Orleans July Cotton futures
| closed quiet, with sales OF l5,eO0 bales,
| as follows: July 7sc, August zoe, Septem-
Der zoe, October 75c. November SOC. De
! cember SIC, January 94c. February O0c,
| March O6c, April l2c.
/ New York .IuIv Tho SUMS cotton re-
! view says: Rains and cooler weather IN the
| southwest, dullness and depressing in the
! south and at Liverpool and the seriousness OF
| strike had weakening effect. The crop news
! was generally favorable.
| "a summary OF the weather reports received
by the Chronicle reads as follows
! They Indicate that the weather has been
| very dry over the greater portion of Texas
| during the week and while the crop gener-
| ally looks promising, late cotton is said TO be
| needing rains In some localities. In the re-
mainder of the south, however, there has as
a whole been sufficient moisture, and the
| crop is doing we'll "
| New York, July 7-Riordan Co. in their
weekly review Of the cotton market, say:
| Crop accounts from all parts of the cotton
| belt have resulted this week in a further
| decline. Liverpool to-day was practically IN
| changed. as no rains were reported from
| Texas. Our opening was at ABOUT last nights
| prices, the first sales Of August being at
| 703c. For awhile the market showed some
| steadineSs, but about IL o'clock news of good
| rains at Waco and other points in Texas was
| received and prices gave way; August broke
| to $3.50 and closed barely steady at the lowest
| Of the day. The outlook for those who
| have been hoping for a higher mar
| ket Is the reverse OF enCourag-
ing. Unless the bureau report of next
! Tuesday should contradict the almost unani-
| nous testimony of private correspondents II
| VIII give US Official continuation of the fact
| that, as far as present appearances are con
cerned, the indications for u very large yield
| are decidedly better than at this date in any
! previous season. 1t is true that we are just
| entering the most critical period for the crop
| ana that u general drought might, in the
| course OF d few weeks put a very different
aspect upon the situation, but until some
such accident seems imminent traders are
| especially as every day that passes lessons
| the risk and brings Us closer to the
! time when the new crop will be pouring into
! the market. Then the liquidation OF the
| large long interest in August deliveries is a
certainty that can hardly fail TO depress val
| ues The bears claim that August is sure to
| sell at 61sc. This claim may be excessive
| but there is too much reason 10 fear that we
| are on the eve OF materially lower prices.
| Rice.
! The market is scarcely supplied. Sales for
| the day were IA barrels. Prices firm. Quota
lions at the Board OF Trade were as follows:
common ......... ................. ....3 Q3A
| Falr ........,.-....,. ...........,...... SA04
| Good. ........... ..................... 4l634H
1rlIle ''.'''''.'' '''.. 4ss,q44
| s'AAA"AA wv avs fB3ST2N uAh 4CA
| Naval Stores.
Spirits Turpentine-The buyers and sellers
| were still unwilling to agree to do any trad
| ing The factors talk of advancing their
| price and are determined to hold out The ex-
| porters do not appear anxious to buy, though
| they are freely bidding lc below the factors
| price. The stock on hand is now larger than
| 1t has ever been. At the Board OF Trade the
| market was bulletined firmly held at 29C for
| regulars, with 2Sc bid.
| ROSiu-The market was uUiet though firm
| at the decline in medium grades. AT the first
| call at the board of Trade at IL O'Clock, it
was bulletined firm, with sales of 404 bar
| rels at the following quotations:
A. b. Cand d 81 o. K................ So %
E...'....--....... 10 NJ. ........... As
I ''''''...' .''''''.l - 49,. 49,. 80
| 49,. ...--l ~ w u .......-.,... 2 70
H.. ...-.....-l ~ NV. w ...... ...... 3 10
! I....,... ......... | So
At the closing call, at 80 p. m, the market
closed firm and unchanged with no sales
NAVAL STORES STATEMENT.
constitutions, Spirits, Rostn
stock on hand April l....,,... 1854 l09977
| Received yesterday .......... 2012 4l83
| Received previously zee, -. 100, $50 ESQ sos
Total, Observation-Disclosures. 1913 1855 8el9co
E ETp0FtSd t8Sag e go go .. g So
TOtal......... ..~..... &c. 1880 274,e99
Stock on hand and on ship
board to day ..... ..... - 44q55 50 OCT
| Stock same day last year.. 27OS7 1873 g56
| Receipts same day last year. 4SO 32l5
| Price spirits turpentlne same
day last year. ........... 2G826J4c
New York, July 7.-Rosin dull steady,
strained, common to good, 81 35QSI 40. Tur-
| pentine quiet and nominal at 3O13OIse
| Charleston, July T. Spirits turpentine
dull. nothing doing receipts 10. Rosin-good
| strained 81 10; receipts A.
! Wilmington, n. c., July 7.-Rosin firm;
| strained, S0c; good strained, 95c Spirits
turpentine firm at 26Ic. Tar tfirm 81 IS.
Crude turpenttne steady; hard 81 %; soft
81 49, virgin, 81 25.
Financial.
| savannah July Money is easy.
| Domestic Exchange The tone of the mar.
! ket is steady, Banks are buying at par and
! selling at 70 per cent. premium up to 5000
and Ito OF per cent for amounts of 5000
| and over. 49,