The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-01-19

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Memphis \ Char. 10 Wheeling 8 L. E. res
Michigan Central. SO do do pre-. Az
STATE BONDS.
DO B-....-....... g6 Tenn, new set. IS. 90
90 C.-........... 81 Tenn. new set. IS. "a
La stamped As. 90 Virginia 5 pref. 80
NorthCarollna4s s6 Va. Trust Reefs. IS
NorthCarolina6s 11S Va. Fund'g Debt. SO
tennessee, olds.. 60
GOVERNMENT BONDS
UnitedStates As, registered. ..........II2M
UnitedStates As, coupons. :.............ll2h
United states IS, registered. 81
fASked ibid.
Liverpool, Jan. 10. noon.-Cotton, good
demand; fair busindss done; prices easier;
American middling, 49sd; sales 1900 bales;
American, II 100 bales speculation and ex-
port, 800 bales; receipts 10, 900 bales; Amer
lean 1890 bales. Futures opened steady; de-
mand moderate.
Futures-American middling fair, low mid
ding clause: February and March 19-64d
also 2O-64d; March and April, 2l-64d, also
22-6id; April and May, 22-64d, also 23-64d;
May and Junes 4 2464d, also 4 25-6 SD; June
and July, 26-64d; July and August, 2T-64d,
also 2S-64d; August and September, 29-64d.
Tenders at to-day's clearings were - bales
new docketS.
1 p. motion, American middling fair,
1850; good middling, AID; middling, 42d;
low middling, 414d; good ordinary, 46d; or
binary 15-16d
ding clause: January, lS-64d, sellers; Jan
uary and February, 1S-64d, sellers February
and March, 4 19-64d, sellers; March and
April. 20646l4 plead; April and May, 4 % 64d
buyers; May and June, 2464d, sellers;
June and July, 25-64d, sellers; July and
August, S7-64d, buyers; August and Sep
temher, 2s-6494 2s-64d. Futures closed quiet
at the advance.
New York. Jan. IS. noon.-Cotton contracts
opened steady at to points advance, as
following Liverpoors gain Of to points,
| Cn1n nf 70 ii and UOx
steady at unchanged to points over yester-
New York. Jan Is-Cotton futures opened
steady as follows: January, z 9Oc; February,
8 0Oc; March, 8 09c; April, nc; May 25c;
June, Sic.
New York. Jan. is, 4 p m.-Spot cotton
closed steady; middling gulf 8 5-l6c middling
| uplands l416c; sales none.
Futures closed steady, with sales of 21s,s00
! bales, as follows: January, SIC; February,
SIC; March g4c; April, 02c May, s l0c;
| June. lie; July, 8 pc: August. s PC.
New York. Jan. 1S.--The total consolidated
! netreceipts at all the ports to-day we're % 1856
bales; exports TO Great Britain 42,824 bales, to
| France - bales. to the continent I, 1874 bales
stock ,0s8, $50 bales.
Total so far this week: Net receipts 127 ,4S2
| bales; exports to Great Britain III ,260 bales,
to France 25,oO4 bales. to the continent 2s.SS2
! bales.
New Orleans. Jan. 1s.-Cotton futures closed
| quiet, with sales Of $500 bales, as follows:
| January SIC, February Z 44c, March 55c,
April SAC. May 7Sc. June sic, July sec,
| August 94c, September -.
| New York, Jan. lS.-The Suns cotton arti-
Gle says: Prices ended to points lower
| than yesterday, though at one time they were
| 8 to 10 points higher. The market has re-
| Gently broadened preceptibly, and the move
ment OF prices takes a wider sweep. The
! early advance was due to an active and higher
| Liverpool market and report that Mr.. Neill
| had reduced his crop estimate 100000 bales.
! subsequently, Liverpool weakened a little
! and the crop ruInor was denied. Furthermore,
| the rPcHlntS at the norris liberal
| and those at some of the interior towns
| were larger than on the same day last year
| There was a weaker tone In the southern
markets. Long selling turned the market
| downward and it ended about the lowest fig
| ures of the day with tone steady. Sales 21S,-
800 bales. Liverpool advanced S1a to points
| and closed quiet. Spot sales there, 1900
| bales at frmer but unchanged prices In
| Manchester, yarns were steady, and cloths
| moved slowly. Spot cotton here steady,
| quiet and unchanged. No sales. The south
| ern spot markets were generally quiet and
| unchanged. New Orleans closed easy. Mo-
bile and Baltimore declined q cent, St. Louis
| advanced 1.l6. New Orleans sold 1850
In New Orleans, futures advanced points.
! Port receipts 23,l26 bales, against 17,648 this
| day last week. and IL, 466 last year. Total
| thus far this week 1875 500, against 116,418 thus
! 1877 against l19 last year. Total shipments to
| Great Britain since Jan. l, 5000 against 1000
in 1898. Shipments to the continent since
Jan. l, $4,000 against 40, 900 in 1898. Liverpool
advices Of the 9th inst. say the cotton goods
trading in Great Britain would become active
if cotton would show more steadiness."
| New York. Jan. 1S-Riordan Co.. say Of
cotton to-day: Liverpool sent US a sharp ad-
vance this morning, said to have been based
| upon report that Neill, of New Orleans, had
| reduced his crop estimate from 700 900 to
74OO 600 bales. The response at our opening
| to the Liverpool rise was an advance of 10
| points, March selling on the call at sos and
| afterwards advancing to $40. But the
strength of the market was short lived. The
| pressure of offerings soon caused a decline
! and the whole of the advance was lost.
The port receipts were, very large
and the indications now are that this week s
receipts will reach, and perhaps exceed, $780,
! 600 bales against $1,000 for this week last
| season. The market cannot stand such a
movement In the afternoon IL was ascer-
tanned that Neill denied that he had reduced
| his crop estimate. He says that the estimate,
| 100000 bales unon which Liverpool ad-
vanced, was made by his brother in London,
| with whose views he does not agree. In the
last hour the market showed great weakness,
March declining to 7.92c, and but
| ing of some Of the shorts willing
| to take profits would probably have gone
lower. The close was steady, with 7.93c bid
| for March. The immediate future of prices
! will depend altogether upon the movement.
| Little heed is paid by traders to stories of
exhaustion, while the bales are still pouring
| to the ports at the rate of $4,000 week, more
| than at this time last year. We fear that the
decline is not yet over"
New York. Jan. 1S.-Atwood Violet & Co.
| say OF cotton to-day: Under the influence Of
an advance of 3 to points at Liverpool
| this morning this market opened 8
| to points better. but the port move
ment began climbing largely and prices
| broke rapidly, except for an occasional squirt.
| The tendency has been steadily downward,
| closing points lower than last night. Our
| ca bles said this morning that Neill was trim
| ming to 400, 900 and that he advised buying
| This proved to be their London house. Their
| New Orleans house continues of the same
! opinion of 200 000 but the Liverpool figures
| advanced the market to which ours responded
! at the opening. On the 10th instant Neill, of
| New Orleans, had prepared a statement,
| which appeared yesterday in one of the city
| papers there. in which he estimated Texas at
| 1000 900, or 100000 larger than his October
! estimate, and the states outside Of Texas at
| 800 90; therefore 900 total. II appears
| yesterday, however, that Neill. OF London
| issued his circular, which was made known
! this morning making his estimate 7,4O0,O 600
| This interesting combination Of esti-
! mates leads any one to judge as
| they please or to read between the lines
! The flood of receipts continues on such scale
! as TO make everybody timid about buying,
| whether the crop turns out 600 900 or $780,
! 900. he market needs buyers to keep 1t up,
! but the sellers seem to outnumber the
! buyers. We thought this morning the
market would improve on the basis Of sore
! for March. and we have so expressed our
| selves. The loss of stock at Norfolk OF 10000
! bales takes that much out OF the supply. but
II may not make any change in the cotton
movement of the week. That Is, it may not