The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-01-21

opened steady at 4a5 points decline. fell 263
points as influenced by a lower Liverpool
market and heavy port receipts. and are now
T9s points below yesterday.
New York. Jan. 20.-Cotton futures opened
easy as follows: January, CSC; February
June. g7c.
New York. Jan. 20, Z p m.-Spot cotton
closed dull; middling gulf 3l6c; middling
uplands l5-l6c: sales 90 bales.
Futures closed easy, with sales OF 1871. 200
bales. as follows: January, sc; February,
SO; March, 7lc; April. sec; May, 9Oc
June. 97c; July, 9 03c: August. Csc.
New York, Jan. 20.-The total consolidated
netreceipts at all the ports to-day were %, 442
bales; exports TO Great Britain 10 800 bales, to
Frame -- bales, to the continent 1 1888
bales; stock t,Os4OO2 bales
Total so far this week: Net receipts 70 4f2
bales; exports to Great Britain l0,696 bales,
bales.
New York, Jan. 2O-The total visible
supply Of cotton for the world is 4,6l7,90S
bales, OF which ALI .703 bales are American,
against 4,S60, 0si and $3.50, PSI bales, respect
lively, last year. Receipts this week at all
interior towns 1857 bales. Receipts from
plantations 49, 5l bales. Crop in sight 5s7s,sl
New Orleans, Jan. 2O.-Cotton futures closed
steady, with sales Of so 500 bales, as follows
January 2 2le, February s6c. March sc,
April acc. May 55c. June SIC. July zoe,
August 76c, September ---.
New York Jan. S0-The sun in ITS review
OF to-day's cotton market says 1.-The old
farmers comment at a certain gathering Of
his ncighbors once upon time was.
There's a good deal OF talk and no CIDER
That is about how the bears feel about the
promised perpendicular falling on in receipts
"a good deal OF talk and no facts, To-day S
prices declined because the arrivals at the
ports we're enormous and those at the in
terror towns reported daily were also
enought to disgust the average bulls. Liver
pool made little response 20 the decline
here Yesterday, but the crop movement At
the moment outweighs even the Liverpool
advices The estimated receipts at the ports
this week are nearly double those OF the same
week last year Local and southern longs
threw over large quantity OF cotton. and in
two hours, such is the activity at
the cotton exchange, nearly 10000 bales
were sold. Some contend that heavy
buying by Europe in the interior
partly accounts for the big movements to The
ports ana interior towns, and others main.
tain that the big movement is due to the fact
that planters and others were tempted by the
recent advance to hurry their crops To mar
ket. large Wall street house is under
of May II is estimated that New Orlerns will
get 5000 bales this week. One
firm said If the movement next
week shonld approach in size that OF this
week, we fear that nothing can prevent a seri-
Gus further decline. In such an event. IL
would be utterly impossible to convince the
trade that there is not going to he too much
cotton and buyers would probably be able to
make their own terms But a sudden and de
cided shrnkage in the volume OF receipts,
such as the bulls have been predicting and
hoping for ever since the end OF November,
might change the whole situation in twink
ling"
New York, Jan. 2O.-Riordan & Co., say Of
cotton today; Receipts beyond all expecta-
lions continuous and very heavy liQuida-
tion OF long cotton and a fall in prices Of
about 10 points Is the disheartening story OF
the cotton market during the week Just
ended. The port movement today was again
as a
season, and with no sign OF encouragement
from Liverpool. Our opening was irreRularly
changed from last nights prices. The first
transactions were at slight advance March
selling at S4c, but the market was weak from
start TO finish, March gradually declining
TO 774c. and closing easy at the
the probable size of the crop continues
warm and almost bitter between those who
think the yield will be about 100000 and
those who believe in 100000 minimum. IL
cannot be denied that the dimensions OF the
port and interior movement of the week have
tended to shake the confidence OF the small
crop men. II seems TO be conceded that the
port movement for the next week will be also
large. The average Of the estimates, about
10000 bales, against 20, 444 for the correspond
ing week in 1893, but IL must be remembered
the estimate for the week just ended was
about $1,000 bales less than the movement,
actually turned out to be but even.
II port receipts next week should only equal
the estimated 1870 900, the chances are that
prizes De suAbdlntu even AZ inc comparatively
low Level Of, to-days closing figures. on the
other hand IL the movement next week should
approach IN size, that OF this week, we fear
that nothing can prevent serious further de-
cline In such an event II would be utterly
impossible to convince the trade that there
is not going TO be too much cotton, and buy
ers would probably be able TO make their own
terms. At the moment the outlook seems to
indicate lower market, and we can see no
encouragement to buy. A sudden and de-
cided shrinkage in the volume of receipts,
such as the bulls have been predicting and
hoping for ever since the end OF November,
might change the whole situation in twink
linRn .