The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-01-06

New York, Jan. ). noon.-CottOn contracts
opened steady at points decline as follow.
ing Liverpool, but advanced $40 points on
hght interior movement and are now I'M
changed TO point below yesterday.
New York, Jan. 5.--Cotton futures opened
steady as follows: January, 79c; February
Sic; March. CSC; April, O2c; May, lOc;
June. 8 l7c.
New York, Jan. 5. 4 p. m.-Spot cotton
closed quiet; mtddling gulf & 5-l6; middling
uplands lice; sales 50 bales
Futures closed steady, with sales OF 1885, 200
baIeS. as follows: January, 7ic; February,
I soc; March, z soc; April, 97c; May, s o5c;
June. lSc; July, s 20c August 25c
New York. Jan. 5-The total consolidated
net receipts at all the ports to-day were "a 800
Dales; exports to Great Britain %, 500 bales, to
the continent az bales; to France --
bales; stock ,245.20i bales.
Total so far this week: Net receipts i02, 0S2
bales; exports to Great Britain 1876 1888 bales
TO France lO's62 bales to the continent Ss.174
New Orleans. Jan. 5-Cotton futures closed
steady, with sales OF 81. 800 bales as follows:
January Bic, February 43c, March SOC,
April 6ic. May I5c, June sec, July Ole,
New York Jan 6-The Suns cotton article
says: Realizing sales by the bulls and some
decline In Liverpool caused lower prices to-
Gay, IN spite OF unexpected small receipts for
the week az the interior towns. Speculation
was on moderate scale. Local, southern
ana European operators sold. The close was
quiet and steady Many operators are wait
aug W SbG WutlnGT Anb decrease IN the crop
movement will prove to be permanent or not
Prices declined to points, recovered this
Ems aha ana SdE ga9iSad to points lost
Ing quiet and steady, with sales OF
l0S.2OO bales Liverpool declined 2@2H points,
and closed barely steady, with spot sales of
l2OOO bales, at unchanged prices Manches-
ter was quiet and steady for yarns and quiet
for cloths, New Orleans declined Gas points
spot cotton here was quiet and unchanged;
sales OF 81 bales for spinning The southern
spot market was generally steady or Arm at
unchanged prices. There was an advance of
l-l6c at two OF the southern markets. Port
receipts 81, S96 bales against ~ 465 this day
last week. and 20 ~ last year. For the week
III 361 last year. Interior receipts this
week "A, l45 bales against 5,5l4
last week, and 27,0s9 last year.
shipments, a., 1870 bales, against 7i,209 last
bales, against Al S9i last week, and 404, 1903
last year. New Orleans receipts morrow
are estimated at 1900 bales against 23,TTl on
the same day last week, and 1928 last year.
The plantation movement estimated at $780,
600, against 100 0C0 last year"
New York Jan. 5.--Riordan g. Co., say of
cotton: THE course Of the cotton market to-
day was surprise to nearly everybody Port
receipts we're but moderate. and the interior
movement was exceedingly light. The antici-
patton of this latter fact Impaired some
strength to the market and March, which ow-
ing TO Disappointing Liverpool report
opened at 1920, rallied to 7.99c bid. But when
the oricial figures of the interior receipts
were posted and it was seen that they were
lighter even than had been expected. there
was such an outpour of long cotton from
holders anxious to secure profits that prices
gave way fully 10 points from the highest of
the day. For time the tone was very weak,
but somewhat better feeling prevailed at
the close, which was quiet and steady, with
1850 bid for March. After the close the de-
mand improved and bidders were making
higher offers. Everybody is anxious to know
Al Dnh m
ment OF which we had the first decided indi-
cation today. If it continues we think moth
ing can prevent higher market"
New York, Jan. 5.-Atwoo1 Violet g. Co. say
OF cotton to-day: we beg to repeat what we
said yesterday that If this crop should be l.
$4,000 bales IL means that only 100000 bales
are held by the southern people in invisible
towns and plantations, aud II in view of such
crop, they cannot exact higher prices by
holding and not shipping, then they deserve
to drop like a ripe apple into the
hands Of the spinner at his own prices. Local
influences here to-day have depressed this
market, taking advantage of the long interest
that existed and one that was created largely
by the expectation OF higher movement and
although this movement has been even lighter
than the most sanguine bulls expected we
close points lower than last night, notwith
standing the fact the statistical position OF
cotton is stronger to-day than
II cotton was like some other speculative
commodity, where there was almost an I'M
limited supply. it might be understood that
weakness might occur when the situation
would look stronger, but when we consider
that the world Will consume $3.50 900 bales OF
American cotton this season, If thew can get
IL, according to Mr.. Ellison, the English au-
thority on consumption, and that this crop
only promises to be 1850, 900 bales maximum,
1t looks strange. indeed. that whereas Ameri-
can cotton supplies 70 per cent. of the cloth
ing into which cotton enters in the manu-
features, and that it has to protect contracts
for all four of the future markets of this coun-
try and in Europe, that the market can be
manipulated to lower range of values in
view OF the statistics as we presented them
yesterday. The southern spot markets have
for several days been getting stronger, and
interior stocks, almost without excep-
ton, are smaller than last year.
tenacious. The information that was sent
to this market yesterday that the receipts
were delayed by bad roads is disproved by
our kilograms. which we received from all
over the cotton belt to-day, and their replies
cover the weather conditions for sometime
past, and 1t will now be in order for the SEN
der of that message TO make his corrections
and explain where he obtained his informa-
ton. It did rain sometime last autumn at "a
number of points in the cotton belt. and per
haps he had reference to this Wagers are
offered against to-day that next weeks re-
ceipts at New Orleans will he so much and
that the week folio wing will be so much
more. In other words these people have
mistaken their vocation. they should have be-
come fortune tellers and not crop estimat-
ers, because they canstorsee when the planters
or merchants are to ship from their reapec-
tive towns and plantations for the next seven
to fourteen DAYS as there would be
much more successful, perhaps, in predicting
future events than they will prove to have
been correct In estimating the cotton crop OF
1893 "a. it is not yet too late for them to re-
trieve their reputation for guessing II they
viii try their gifts in something else than the
movement of the crop. We know of only one
way for them TO be right aud that Is for hold
ficient quantities TO realize their predictions
during certain periods named for the next
two weeks. We are in daily expectation OF
a reduction OF the crop figures. Interior re-
ceIpts this week are 2i00O bales. against e.
600 bales last year, or 1000 bales less than we
estimated Yesterday. The most significant
feature of the situation however. is that inte-
rior stocks are only 1000 bales more than last
year and 1900 bales less than last week. This
means that II twenty four of the larger points
in the south. including Memphis and st.
Louis, have only this slight excess over last
year, it is most presumably the smaller points
and plantations have less than one year ago.
because we believe, and our information con-
firms IL, that ratio of plantations and in
visible stocks to the visible towns stocks is
less this year than ever. therefore the amount
that came into sight this week, according to
the New Orleans exchange, is 10000 bales
against l77.C0D bales last year, or nearly 10000
bales less this week than was expected. max
ing the total since Sept. | In sight 1886 go
bales yet we are told this crop is to be 7,700.-
900 bales minimum. Our estimate yesterday
was $4,000 bales.
COTTON TABLE.
Tone MID. Rec Sales Stock