The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-05-05
THE MORNING NEWS: SATURDAY. MAY .. 1894.

East Tennessee. ~ Richm'd T'minal.
40 pref. II Rock Island. 69N
Erie :........ 1875 81 Paul........... 61is
:, DO pref: ...... 50 do pref........Il9
I'd Gel. Electric $50 Silver Certit's. 81
Ilnnois Central 92A Tenn. Coal Iron. 1TsS
Lake ak Erie s. W.. i6 do DO pref. e5
90 pref. ga Texas Pacific. -. SIS
lake Snore l2eia Union Pacific. -. 1875
LVille Nash 4S3i w bash, ). La p. ~
louisville n A s4 do do pref. 16a,
SStIanhattan. 10 Western Union. s49
N D9iteihphls q Char.. Wheeling & L. f. 1895
Michigan Central 974l do do pref As,s
STATE BONDS.
Alabama A.. 90 Tenn. new set. g.. fO2
90 ...-.........lO3 Tenn, new set. IS lOt
40 C..........-. ~ Tenn, new se1 3s. 7SH
-. stamped As. 100 Virginia 81 pref. so
NorthOarolinaI 90 Va Trust Reefs Is
NorthCarolina s. 1914 Va. Fund'g Debt. 6Oli
Tennessee. olds. 60
GOVERNMENT BONDS
United states Is. reg stored. ........... 90,
unitedSt1tes As, coupons ............ III
Onited STATES IS, registered ...........,, 90
New York, My Treasury balances
today were as follows Com. 49,, $1,000: cur.
rency S5l 6l5,OOO.
London. May 4--The bar silver market
5 To-Day mas been steady, and was quoted at
29d per ounce.
Cotton.
Liverpool. May 4, noon.-Cotton-Quie
demand moderate, at steader prices; Ameri-
can mlddllng, 3 l5-l6i; sales 5000 bales; Amer
lean. 1890 bales; speculation and export 500
oales; receipts 10000 bales; American 5000
mand.
Futures-American mtddling fair, low mid.
ing clause: May, d; May and June
55-64d, also 8 5i64d; June and july, 56-6ld
also ho-6id July and August, 3 57-6id also
90 6idi August and September, 5s-G4d also
3 51-64d; September ana October. 3 5a-6ld
also 6064d; October and November. 3 tO-6id
also 59-t4i; November and December
3 6l-6id, also 6O6id; December and January.
62-6ld, also 3 6l-6id. Tenders at todav's
clearngs were 500 bales new doczets and 500
bales old dotkets
p. motion, American middling fair.
4ged; good middling, Lied; middling, 3 Is l6d:
ll-l6d: ordinary. 3%d.
,tutures-American middllng fair, low mid.
qIng clause; May, "a Sid, buyers; May and
June, 81 sd, buyers: June and July
55-6id. sellers; July and August, 3 So SD
buyers; August and September, 57-64d.
buyers; september and October, 3 5S-e4d
sellers; October and November, 5s-A@
2g6id; November and December, 3 $500
s 90 SD: December and January, 60-6i0
6l-6id. Futures closed barely steady.
New York, May 4, noon.-Cotton futures
opened steady, as follows: May, C: June,
0ec; July, l4c; August, l5c September,
New York MAY I, 4 p. m.--Spot cotton
closed steady; middling gulf 71sc: middlfng
upiands re; sales l. U6l nales
Futures closed steady, with sales OF
1854 bales. as follows May 92c: June
Csc; July, z 0Jc; August, : Csc; September,
z lie; October, ljc; November, Z nc; De
cember, pc; January, 2sc
New York, May Total consolidated
net receipts at all the ports to-day were Ii 365
bales; exports to Great Britain 1901 bales to
France bales TO continent l4.s5O bales;
stock 54t, 665 bales.
Total so far this week Net receipts Al ,557
bales; exports TO Great Britain 40 sos bales
to France 1896 bales. TO the continent 81 S7
bales.
New Orleans. May 4.-Cotton futures
closed steady with sales OF 400 bales,
as follows: May DOC, June &C. July q nc,
August nc, September 75c, OCTOBER nc
November SIC, December ssc, January
93c.
New York Mag 4-The Sun in its report Of
to-days cotton market says; There was a
short lived advance due to unexpected
steadlness in LIVERPOOL early in the day
some covering of shorts, and a little new
buying, but the market ended lower owing
partly to later depression in Liverpool
partly 10 unexpectedly large receipts par.
ticuarly al the interior towns for the week
partly to report from New Orleans that the
acreage of the cotton belt this Seasonds likely
to be Increased about per cent. on the
average, and partly to the renewal of
long liquidation One Iirm said 'LiVerpool
gave some assistance, but after the decline
set IN here they sympathized by losing all of
the Improvement there this morning, closing
barely steady. Oar cable from there to .day
was demoralizlng one showing that they
are made timid by the continued weak
ness Of this market. they are so ready
to believe anything indicating an
increased acreage or favorable crop
account as to make the disposition there a
selling rather than buying one, and IL is
hard to move them in an upward direction
II may be that this side will have to take the
initiative. and this will happen If the buying
power is only OF a character TO stay and not
sell out for few points profit, and by their
selling add to the weakness induced by the
bears "
New York, May 4.-Riordan g. Co. say Of
cotton to-day: The market today was full
Of eccentric fluctuations. The Improvement
IN Liverpool led TO higher opening here. but
the changes of sentiment during the day as
illustrated IN the trading, were rapid and
marked August opened at 7.1lc. declined TO
7OSc and advanced to T. l5c. declined again to
z lOc. rallied to 7l3c and closed at Z. Csc, with
the tone barely steady. The violent huctua-
lions were simply the result OF nervousness
Of feeling among the bulls and bears alike,
tive to the influence of buying or selling
orders as they were received. The weakness
in the hnal trading was owing to
some liberal selling orders received from
New Orleans just before the close. 1t is idle 10
conjecture whether the next turn OF the
market will be upward or toward still lower
prices. The cotton outlook is certainly blue
enough, but the tremendous decline has Ger.
tatnly discounted a very bad condition Of
wiped "out and as the market is relieved of
its dead weight under these circumstances.
we look for a rather lively ma Ret With
the movements not alias heretofore In one
direction prices may go lower. but we re-
gard short sales now as extra hazardous"