The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-01-05

90 pref........ 81 Texas Pacific ...- Sis
Lake Shore .i20Ll Union Pacific -. 1885
L'ville & Nash. 44Li w bash, s. L. s. p. AZ
Louisville & N. A. s do do pref. 1414
Manhattan. ...,. 1884 Western Union. IS
Memphis 8 Char. 10 Wheeling & L. f. Y
michigan Central. 96A do do pre-. 4a
STATE BONDS.
Alabama A....... 90 Tenn, new set. Is. 100
| do B.....,....... rs Tenn, new set. bs. 81
| DO C............. 90 Tenn. new set. IS. T21S
La. stamped as +lOO Virginia 8 IS pref $50
NorthCarolina IS IS Va. Trust Reefs. IS
| NorthCarolina 5stilT IVA. Fund'g Debt. :.
Tennessee, ODDS. ..
| GOVERNMENT BONDS
| United States As, registered. ..........112
! UnttedStates As, coupons. ...............i12H
United states 2s, registered. ts1
*Asked. ibid.
Liverpool Jan 4. noon.-Cotton, fair de-
mand; prices firm American middling,
4 5-l6d; sales 1900 bales; American, 100
| bales; speculation and export, 1000 bales;
| receipts. p 900 bales; American, 1880 bales,
| Futures firm; demand fair.
Futures-American middling fair, low mid
| ding clause: January, l2-64d: January and
| February. l464d also l5-64d; February
| and March, 4 l7-64d; March and April lS-64d
| also l9-64d; April and MAY 2064d; May and
| June, 64d; June and July, 24-64d; July
and August. 26-64d.
| 4 p. m.-Cotton. American middling fair
AID; good middling, 7-l6d; middling, 5 l6d
low, middling, 4S-led; good ordinary, lied;
ordinary, $40.
Futures-American middling fair. low mid
ding clause: January, l664S04 17-64d; jan
| uary and February, 4 l6-64G14 17-64d; February
| and March s6id buyers; March and April,
2O,64d' sellers. April and May, 21-64@
| 4 22-64d; May and June, 4 20-64d, buyers; June
| and July, 4 2564d buyers; July and August,
| 21-64d. sellers; August and September, 2S-
CAD, sellers. Futures closed firm.
| New York, Jan. 4, noou.-Cottou contracts
opened steady at 406 points advance, as fol-
| lowing Liverpools gain Of points, advanced
BOA points on moderate port receipts, and are
now sac points over yesterday.
New York. Jan. 4.-Cotton futures opened
| steady as follows: January Z $40; February,
Gle; March, 99c; April, o6ci May, l5c;
| June s 22c.
New York Jan. 4, p. m.-spot cotton
| closed steady; middling gulf sic; middling
uplands Lice; sales 26l bales
Futures closed steady, with sales of l7s. 100
bales. as follows: January, S3e; February,
| $50; March, CSC; April, 0ee: May, lac;
June 22ci July, 29c; August, s 34c.
New York, Jan. 4-The total consolidated
net receipts at all the ports to-day were "a, 237
bales exports to Great Britain l6,054 bales. to
the continent 20.263 bales; to France -
| bales stock 245,204 bales.
Total so far this week: Net receipts 1877 ,692
bales; exports to Great Britain 100, 904 bales,
to France 1892 bales. to the continent 37,4O2
New Orleans Jan 4-Cotton futures closed
steady, with sales of $500 bales, as follows:
January 36c, February z sic. March &C,
April tic, May soc, June $50, July 96c,
August Ole
New York, Jan. 4.-The SUMS cotton article
says: Cotton was advanced about 10 points
by the same factors which put up the price
yesterday, namely decreased receipts at the
interior towns, an active and higher Liver
pool market, stronger southern quotations.
and American and European buying, partly
for short account. Later in the day sales to
realize caused reaction, which left prices 4
to points higher than yesterday, closing
quiet and steady. Sales OF 1877, 100 bales. In
Manchester yarns were steady and there was
for r1rNA14 NaVNN
much business done. Liverpool ad-
spot sales of 1900 bales at unchanged
prices, though spot quotations were harden
ing New Orleans advanced 10 points and
lost points of this. Spot prices here were
Ice higher, with sales of 81 bales for spin
ming, and deliveries of 200 bales. There was
an advance of 1-16116c alto of the southern
markets. The receipts at the por s were a.
237 bales against 80, 7o7 this day last week and
Is, 1888 last year. Total thus far this week
| week. Exports from the ports today 1904
bales to Great Britain and 20, 263 to the con-
tinent. New Orleans receipts tomorrow are
estimated at 1000 to 5000 bales, against 10 1917
| this day last week, and All last year"
New York, Jan. 4.-Riordan Co. say Of
cotton; Moderate receipts short covering
and higher prices, both here and In Liverpool,
| is the encouraging report of the day in the
cotton market March opened at 1890 de-
clined to 1870 advanced to sole, and closed
| at 1880 bid, with the tone quiet and steady.
| But the strongest houses here were the heavi-
est sellers at the advance, and many were
| surprised that the demand for investment
| and to cover shorts was brisk enough through
out the day to absorb the large offerings
without any material break in prices. Opin-
| ions seem about evenly divided tonight.
AS to the immediate future of the
| market, some expect the Improvement
| TO continue, Others cling TO the belief that the
| lowest prices are yet to come. But opinions
are of very little value at this time. 1t is
| going to be a question of the receipts and
nothing else. The market is so sensitive to
the bulletins from the ports and the interior
towns just now, that sudden rise or fall of
| 25 points would surprise NOBODY here. At
such juncture we hesitate to give advice
but it would seem to be a good time for any
body who has any profit on either side of the
market to take it and be thankful"
New York, Jan. Atwood Violet g. Co.
say of cotton to-day: For the week ending
tomorrow there will be in sight 5,575 900
| bales and therefore, to realize the figures
that have been held cover the market for
| three months there must come INTO sight
after tomorrow until Sept more than 2, 1O0,-
Il 900 bales according to the dictum of the Joint
| account estimating and betting combination
| We must apologize for our frequent refer
| ence to this particular phase of the cotton
situation, but the aosurdlty OF II, SO far as 1t
has been made so by the predictions of few
| men in estimating large crop, makes the
| subject ludicrous, and our purpose is to put
those who are responsible for 1t in that light
| The seriousness of the question is, as we
| have frequently mentioned before now, that
Mr. Neills promises have doubtless pre-
| vented the spinner from going into the mar
ket on larger scale, to the injury of the
people who have grown this crop For
him, however, and his following there will be
no kind words by the spinner before this cot
| ton season has ended. II the bears had only
been able, by Continual cry of large crops,
| to force prices down still furt her during jan
uary and February they would have covered
| their contracts freely, and whether the crop
| turned out 7,750000 bales or 7,250,0O0 bales
they would have pocketed their profits and
the loss of prestige would have been of small
| account, But as the interior merchant and
planter would not oblige them by 1nding
more bales than did exist, the result is that
both interior and port receipts are most sur
prisingly small. In January 1890, there was
| brought into sight 968 bales an amount
not likely to be realized this month and yet
the crop of 1889 and 1890 was 1911 900 bales.
On Dec, 81, 1889 there had been brought into
| sight 5527O00 bales. and at the end OF De-
cember, 1898, there had been brought into
sight 5,419,010 bales or 100000 bales less
than the 100000 bale crop. This deficit is
likely to be increased during this month to
no 900 bales, because 1t seems most unlikely
the amount that will be brought into sight
this month will exceed 100000 bales, or $40, 900
bales less than January, 1890. Now. these
statistics and comparisons the big crop peo-
pie don't like to have brought to the atten-
ton of the cotton world, but they have feen
doing the ostrich business so long that they
| think the balance of the world are fools, and
that they have all the wisdom of Solomon.