The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-02-11

Tennessee, ODDS. 30
GOVERNMENT BONDS
unitedStates IS, registered. ...........lIsI,
UnitedStates As. coupons .............. II3 =
United States IS, registered. 90
Treasury balances-Coin. s94,I0O.o 600. cur
rency, $40 900
New York, Feb. lO-The weekly state.
ment OF tie associated banks, issued by the
clearing house to-day, shows the following
changes
Reserve decreased. ....... s25 eso gOo
Loans increased ACKNOWLEDGEMENTS. 10 O54 500
specie decreased .............. p ,759 200
Legal tenders decreased. ............ s,6Ss 100
Deposits decreased. ................. II. 6}2 900
Circulation decreased tSO 9nO
The banks now hold SIS esj 700 above the here re-,
qulrements OF the p per cent. rule.
The enormous falling on in the surplus re-
serve is explained by the payments into the
loan.
Augusta. Ca, Feb. lO.-Tbe CLEARING bousa
returns for the banks Of Augusta for the week
amount to ss5l,S95 SO.
Cotton.
Liverpool, Feb. 10, noon.-Cotton-Quie
free supply Offering; prices easier; Amer.
lean middling, AID; sales 1900 bales: Amer.
lean o,gUO bales; speculation and export 500
baleS; receipts 20 600 bales; American 20 600
crate
Futures-American middling fair. low mid
ding clause: February and March 4 9-6ld
also 4 sold; March and April i0-64d. also
g-Gd; April and May, Load, also lO-64d;
May and June, 4 lS-6id, also 12.64d; June
and July, l5-6id, also l4-64d; July and Au-
gust, l6-64d, also l5-64d; August and Sen
tember, l76Id. also l66id Tenders At
to-day's elearings were 500 bales new dock
cts.
p. m.-Cotton, American middling fair,
I ll-ltdi good middling, AID; middling, 4Ild;
low middling, AID; good ordinary, 4d; ordi-
nary, 49, l6d.
Futures-American middling fair. low mid
ding clause February, 4 9 64614 1O6id: Feb
ruary and March, 9-646Dl 06id; March and
April, lO-649l / l-6id; April and May, 4 l264d,
buyers; May and June, l4-64d, sellers; June
and July, l5-6+lD4 l6-e4d; July and August
lL6fd, buyers; August and September,
ls-6404 ls-64d; September and October
: ls9ia' buyers Futures closed steady at the
New York, Feb. 10. noon.-Cotton contracts
opened steady at 4l15 points advance, gained
2GS points, reacted 31D4 points, again ad-
vanned, and are now firm at 900 points over
yesterday.
New York, Feb 10, noon.-Cotton futures
opened hrm, as follows: February, Z 73c;
March 76c; April, s3c; May 9Oc June,
Sec; July s 00c.
New York, Feb. 10, p. m.-spot cotton
closed steady middling gulf 5-l6c: middling
uplands ll6c; sales 800 bales.
Futures closed firm with sales OF
$500 bales. as follows February, 7 73c;
March, Z 76o; April, $50; May, 90c: June
g6c; July, sO0c; August. Csc; September,
IL
New York, Feb. 10-The total consolidated
netreceipts at all the ports to-day we're l2, 100
bales; exports TO Great Britain 25,69S bales to
bales; stock 900. 25s bales
Total so far this week: Net receipts 70 100
bales; exports to Great Britain q. 69S bales
to France - bales to the continent 1887
bales.
New York, Feb. 10.-The total visible
supply of cotton for the world is 525 436
bales, OF which 1890 236 bales are American
against 4,2S7 ,O5S and 3 1926, S5S bales respect
lively, last year. Receipts this week at all
interior towns 1925 bales Receipts from
plantations 1887 bales. Crop in sight ,2o3 422
bales.
New Orleans. Feb 1O.-Cotton futures closed
steady, with sales OF "a 100 bales as
follows: February SOC, March 3Oc, April
47c. May z soc. June FEC, July Z vic. Au-
gust 76c, September ROC, October zoe No
vember 73c, December 7S
New York, Feb. 10-The Sun, in its review
OF today cotton market, says. There was
a rift in the clouds for the bulls. Liverpool
did not decline as much as was expected and
the bureau report was bullish, II stated the
quantity already marketed at 92.2 per cent
against $40 per cent. this time last year.
Supt. Hester, OF the New Orleans Cotton Elk
change, telegraphed that the bureau report
indicates a crop of 1850 90 bales maximum
Some people here thought that IL pointed
to about 100, 900 bales AT any rate 1t raised
prices. After the close tonight the talk was
bullish among not few operators. How will
Liverpool take the bureau report? That Is a
matter of considerable interest Henry Helntz
& Co. were buying May. Mr., HagedUrn was
a buyer to quite a liberal extent. Violet &
Co. bought March and May. Collins a. Co
sold freely. Liverpool bought, and also did
some switchings by buying the near months
and selling the new crop months. The port
receipts were larger than some had expected
but the favorable factors carried the
day. The receipts at the ports this week are
estimated at 5000 to 10000 bales, against
70.SS9 for the same week last year. One firm
said: The dry goods trade continues poor,
and this fact has an unfavorable influence on
cotton. If the Wilson tariff bill we're settled
a bout IL that is doing harm" The Galveston
News says that on the basis Of the railroad
movement the Texas crop this year will be
1,750 000 bales, against 9, OPS, o % last year"
New York, Feb. l0.-Riordan g. Co. say OF
cotton today This has been a week of dis
appointment for the bulls In the cotton
market though the outlook to-day was some
what improved. The Liverpool reports were
less discodraging than was expected, and our
opening was at an improvement OF few
points March opening at 100. May, which
has now become the most active month, and
which closed yesterday at isle, opened at
1850. The market, during the two hours OF
trading was somewhat nervous in
regard to the bureau report, which
was announced shortly after II
o'clock. 1t estimated tho proportion OF
the crop that has already been marketed at
92.2 per cent against $40 per cent. at this
time last year. The showing was regarded
as rather bullish and May, which had de-
clined to 7s4 advanced 10 100 which was the
closing price. with the tone quiet and firm.
After the close 7.9l was bid for May. This
week, for the first time, the amount of cotton
that has come into sight is less than for the
corresponding week last season. II the next
few weeks should show similar
OF greater diminution in the amount
coming into sight, prices ought
TO improve. We rather expect such con
tinued diminution, but the accounts that VIC
get OF the amount Of cotton still unmarketed
In the south are very ntiiCting and we a re
not as confident as we would like to be that
the developments of the immediate future
will go TO confirm the views OF the small crop
men. And even II the market should I'M
prove, we must remind our friends that there
Is a heavy, unwieldy and dangerous long In
terest in this market The cotton, so
bought, has been sold by the owners
Of the enormous stock in Liverpool and in
New York as a hedge against their holdings
Of spots. Sellers of this kind are not easily
stampeded by an advance. which they may
regard as only temporary. On the other
hand, most OF the holders Of long cotton are
tired OF waiting for rise, and eager TO I'M
load their burden at any profit upon anybody
else. For this reason. unless there should be
selling developments Of the most pronounced
realize profits upon every moderate advance,
as the chances are that there will be sharp
reactions which win enable them to replace
their holdings at lower prices. We estimate
the port receipts for the coming week at
$1,000 bales, against 70,Ss9 bales for the same
week last year.
COTTON TABLE.
Tone, Mid. Rec. Sales. Stock.