The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-03-25

NorthCarolinals % va. Trust Reefs Is
NorthCarolina5 IS I2} Va. Fund'g Debt 50
Tennessee, ODDS. 60
GOVERNMENT BONDS
United states A.. registered ............Its
gnitedStates a., coupons. .............. HAS
United States IS, regis cred. ............ 90
+Bid. asked.
New York, March sI-Treasury balances
to day were rs follows: Coin, Sl0i $1,000; cur
New York March 24-The weekly state.
ment of the associated banks, issued by the
clearing house to-day, shows the following
changes
Reserve increased -.-................s l. as $50
Loans increased Observation-Disclosures. -. - 5I6 800
Specie increased Observation-Disclosures. 81 100
Legal tenders Increased. 2,755 100
Deposits increased. -... .............. 4l9g 600
Circulation decreased ........-...... % 900
The banks now hold $40 or $50 above the re-
quirements of the . per cent, rule.
Atlanta, Ca. March 2+-The clearinEs of
the associated banks for the week were
1920, 1872
Cotton.
New York March 2t-The total visible
supply of cotton for the world is t. 2sS443
bales. OF which 3,d6l.243 bales are American,
against 46@,oo5 aud 3523,6Sj bales, respect
lively, last year. Receipts this week at all
interior towns 2637l bales Receipts from
plantations $50 bales. Crop in sight 6 734 545
bales.
New York. March 2i-The Sun in its re-
view OF cotton says: The exchange was
closed to-day. il will be open on Monday.
The movement of cotton since Sept. shows
receipts at all United States points 1884 40
bales against 4,4l5.931 bales last year and
. 25,9sS bales the year before, overland
across the Mississippi. OHIO and Potomac
rivers, TO northern mills and Canada 6i509l
tales against 420 bales and 106S 030 bales
interior stocks in excess OF those held at the
close OF the commercial year 2,2O5 bales
against 2s3,0l2 bales and 3s6-
500 bales; southern mill takings
5065g6 bales against l87964 bales and
il62S0 bales Foreign exports, thus far, for
the season .SGo bales, against 3 PAS 22I
ba.eS last year. or an increase OF i004 6t5
bales 1 ne total taklngs of American mills,
north and south and Canada, thus far for the
season have been 500, $50 bales, against gl6.-
6y5 bales last year. These include 1l433l6
bales by northern spinners, against ,43L215
bales Comments: One firm said: How
much more of our cotton Europe would have
taken to date had they had the
connection OF the American spinner.
and had they not hadN 775000O bales
estimates, with all the decentralization
resulting therefrom, it is impossible to
say, But we do know that Europe ana espe-
cially Great Britain is in a position to snap
its fingers at the American producer as there
is a superabundance of cotton on the other
side OF the water TO supply all Its needs until
new crop is marketed, only, however, upon
one condition, and that is the predictions of
a 1900 90 bales American crop or over an
other year would be fully realized. 1t needs
no diving into figures to prove these state
the figures Of the worlds supply and pres
ent consumption can but draw the same
conclusions. Now let the south verify the
cables and letters that have been given to
Europe as to increased acreage, and see what
the consequence will be in the next ninety
days The spinner will say anyhow that the
south will increase its acreage, because they
say that every year; but il such reports are
authenticated, then middling will sell at New
Orleans at 6Iac or lower the coming season.
These statements give the people
something to think about, The
south should certainly know one
thing by this time, that the bigger the crops
the lower the prices and the greater the de-
probation OF the collateral value of the only
thing they can offer, except In comparatively
few instances as security for loans, and that
is their land. Cur argument therefore, Is
that what the market needs IS some authori-
tatiVe statement that the south will not try
for a big crop this year. II the south can
stand a big crop, not only can the spnners
stand it, but he viii esteem the cotton planter
as his most profitable friend