The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-02-02

Michigan Central1OO do do pre-. AN
STATE BONDS.
Alabama A.. IS Tenn. new set IS 97
90 B--.......... 995s Tenn. new set. IS. 50
40 C...........-. 81 Tenn. new SET IS. IS
6 Ia; sSa an As g Virginia e'S pref. 50
NorthCarolina IS I19 Va. F'und'g Debt. 56h
tennessee, olds.. 90
GOVERNMENT BONDS
UnitedStates IS, registered. ........It3Ik
InitedStates As, coupons. ...............ll3H
United States IS. registered ............. IS
*Bid asked
Treasury balances-Coin, se4,os7OOO; cur
Liverpool, Feb. l, noon.-Cotton-Fair
demand at unchanged prices: American
middling, AID; sales 1900 bales; American
| iO,9OO bales speculation and export, 1000
bales; receipts, 5000 bales; American, $500
Dales. Futures opened firm; demand mod
crate.
Futures-American middling fair, low mid
ding clause; February and March i2-64d,
| also 10 CAD March and April Hold, also
4 lS-6id; April and May, 16-64d, also l5-6ld;
May and June, t l7-64d, also 4 49, sd; June
and July, 49, Sad, also lS-64d; July and Au-
| gust, 2064d, also 4 II Sad; August and Sep
| TENDER, 2264d, also 2l-6fd. Tenders at
| cts
4 p. m-Cotton. American middling fair,
I ll-l6d; good middling, 49sd; middling, 414d:
low mlddling, 41sd; good ordinary, Id; ordi-
! nary, l3-l6d.
| Futures-American middling fair, low mid
| ding clause: February, 4 II 64d. sellers: Feb
| ruary and March, 4 ~ 64d, sellers; March and
| April, 1904 l4-64d; April and May l5-64d.
| buyers; May and June, 17-64d, sellers; June
ana July, l8-64g4 ls-t+d; July and August,
| 1 a064d, buyers; August and September, 2l-
| 6k94 22-6ld; september and October, 4 206ld,
BUYERS Futures closed barely steady.
New York, FEB. |. noon.-Cotton contracts
I nD an fNfNfF4
port receipts; fell ga points on local realiz-
ing, ana are now about points over yester-
New York, Feb. l, noon.-Cotton futures
| opened steady, as follows: February, SOc;
March, sOe; April, 97c; May csc; June,
| & l0c; July, lac.
New York, Feb. /, 4p. m.-Spot cotton
closed steady; middling gulf sac; middling
uplands &c; sales 6H bales.
Futures closed steady, with sales OF
| 9oiOO bales, as follows February, 79c;
| March. SAC; April, SIC; May, sec; June.
| . NC; July, O9c; August, lZc; Septem Der,
| s lsc.
| New York. Feb. The total consolidated
netreceipts at all the ports to-day were $685.
bales; exports TO Great Britain 10, 123 bales, to
| Frame 5000 bales, to the continent 243
| bales; stock l,07l so bales.
Total so far this week: Net receipts 80 790
| bales; exports to Great Britain 50 65l bales
| TO France II, l29 bales, to the continent Al la
! bales.
New Orleans. Feb. Cotton futures closed
steady, with sales of $500 bales, as
follows; February soc, March 45c, April
z 55c. May ole, June 69c, July 76c, Au-
| gust z Sic.
New York, Feb. 1.-The Sun in its review OF
| today S cotton market says; Cotton ad.
| vaneed 700 points, lost most all this,
| and closed lG3 points higher than last night
| with the tone steady. sales 90 400 bales.
Liverpool advanced 1aQl point, and lost this
| were II 900 bales, at firm and unchang ed
quotations. Manchester quiet. Bombay re-
| celpts for the week were 10000 bales, against
43 600 for the same week last year; total since
| Jan. l, 25i.OJO tales, against 100000 bales for
| the same time last year Shipments since
Jan, !. is 900 bales to Great Brit ain. against
| 1000 bales for the same time last year
and $1,000 bales for the continent, against
| 1900 bales. New Orleans advanced points,
| but lost most of this. Spot cotton here de
| cltned l-l6c, with sales of II bales for spin
ming: deliveries were 60U bales Mobile and
| Memphis declined l-l6c. Wilmington ad
| vanced Lice Most southern spot markets
| were unchanged and quiet New Orleans sold
1850 bales Memphis 200 bales and Calves
| ton 1859 bales. The port receipts were 8,93Z
bales, against p, lis bales this day last week
! and a. 6iS bales last year; thus far this week
100 bales, against 1907 bales for the same
time last week. Augusta receipts we're 491
| bales. against ISL bales last year: Memphis
1853 bales, against l,233 bales last year:
St. Louis 496 bales against 107 bales and
| Houston 1855 bales against 2,9l0 bales New
| Orleans estimated receipts tomorrow 4 OOl
| bales against 6.066 bales last week and 2 6gf
bales last year. New Orleans states the
amount which came into sight during January
| at IA ,997 bales"
| New York Feb. 1-Riordan g. Co. say OF
| cotton to-day: This was the first day this
| season in which the receipts at the ports were
| remarkably light. Our opening was al an ad.
| vance OF points, March selling on the call at
| 1900 but all the room traders were more or
| less loaded with long cotton, which they
wante1t to sell at profit. The consequence
| was a flood of offerings, which depressed the
| advance
| lost, March declining to T.82c. In the after
| noon there was less pressure to SELL and
| March rallied to 7.S7c. The close was steady
| with SAC bid for March. The bulls were aw
fully disappointed at the course of the mar
| ket to-day, in this face OF so decided and gen
eral shrinkage in receipts, but few days
| more of very light receipts would proba bly,
| satisfy the bears that they have overesti
| mated the crop. and would put different
face upon the market"
| New York heb. I.-Atwood, Violet & Co.
| say of cotton to day: The situation is strong
statistically, but permanent support seems
| to he lacking. mainly because there is a con
tinual flood of information from those who
| insist uIon having their large crop ideas con
! firmed, that the plantations and interior
| points in the south are holding vast amount
! of cotton whlchmust be the case in order to
| confirm what they say. Long interests are
made timid by predictions OF a larger move
| ment to follow the present light receipts
| which to-day at the ports are s 800, aga INST
14C0J last year, and 2OG52 in 1890, and there
=
| being made to cause liquidation of the long
| interest at lower prices. Even though repeat.
Ing ourselves, we feel that they are only
| bringing to the attention of southern people
! who still own any Of the crop of this season
| that they have the settlement Of prices be-
! cause unless they force their cotton to the
| visible interior we merely reported points OF
| to daily reported ports at a rate beyond their
immediate requirements there will be grad.
| ual distribution Of the 000O0) bales yet to
come into sight to prevent the general move
! ment from being of an excessive character
Were we at an earlier date in the season OF
were the prospect for large crop what the
would-be authorities have claimed it is
but which everything indicates that il
is not, but with an outlook for crop OF 1900
900 bales, OF which u little more than $500 OOC
; will be in sight TO morrow. There seems lit
tie or no danger in Offering the suggestion
that we do for the considera of the south
ern spot holder. Liverpool is evidently in.
! clined to improve, and have increased their
daily sales TO 1900 bales from 10000 bales
which they have been Tor several days past
although futures closed the sane as they did
last night but at the same time Liverpool
was expected to be 2 or points lower this
morning. The improvement. here was to
points, all of which was lost, but when it be
comes evident that the temporary matter
new life will be given to the market, and that
would be the most substantial feature, per
haps an active spot demand in America
and abroad. This is an evidence OF how
stocks are being depleted. We have the fol
lowing from New Orleans: Decatur stocks
SO 900 bales against $1,000 bales last year:
Cletorne stocks $40 bales against 5000 bales
la Il year; Comanche stocks 900 bales against
/ 1900 bales last year; Fort Worth stocks 6l7