The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-01-24

o B.
Ed. Gen. Electric 3554l Silver Certif S.. 66at
Illinois Central. 92}a Tenn. Coal s. Iron. 10
Lake Erie Il W.. 1874 do do pref 81
! 90 pref.....-.. &c Texas Pacific. 5ls
| Lake Shore ....l26 Union Pacific. 80. 1874
| L'Vllle Il Nash 49, w bash, y. L. & p. Ga
louisville s. n. A. do do pref. 14I9
| Manhattan. ..... I2lJS Western Union. S4S
| Memphis Char. 10 Wheeling & L. E. 1926
Michigan Central. 9631 do do pre-: AS
STATE BONDS.
! Alabama 49,. sc Tenn, new set. Is. 100
90 B.-........... 80 Tenn. new set. 5s. rs
40 C............. 81 Tenn, new set. IS. 81
La. stamped As. % Virginia 6s pref. so
/ NorthCarolina Is 9S Va. Trust Reefs. 81
! NorthC3rOlina IS llS Va Fundg Debt. 55H
| tennessee, dds. 60
GOVERNMENT BONDS
| United 6 tates As. registered. 11sI
| United States IS, coupons ................I19%
United States IS. registered. ...,........ 95
| asked.
Treasury balances-Coln, s59,5OO,OOO cur
| rency, s32399,000.
Cotton.
Liverpool, Jan. %, noon.-Cotton- Mode
rate business: prices steadier; American
mlddllng, 44d; sales 1000 bales American
1890 bales speculation and export, 1000
| bales; receipts, $1,000 bales; American 2S,500
| bales. Futures opened steady at the advance
demand moderate.
Futures-American middling fair, low mid
| ding clause: February and March l0-6ld
| March and April, l2-64d; April and May,
l5-64d, also 4l4-64d; May and June. Is SAD
also 4 l6 SD: June and July. l76id; July
20-e4d. Tenders at to-dsy's clearings were -
| bales new doczets
q p m American middling fair low mid
ding clause: January, 4 9-64d. sellers: Jan
uary and February, 4 9-4d. sellers: February
and March, 9-64G14 10-64d; March and April.
ll-64d. buyers; April and MAY, 4 1860,
and July, 1876 a. 17-64d; July aud August,
| 4 l6-64d, sellers; August and September
l9'64G4 e6-6ad,. Futures closed quiet but
| steady.
New York Jan. %, noon.-Cotton futures
| opened steady. as follows: January, sc;
| February, SEC; March, use; April, SIC;
| May 94c; June, SOC
New York, Jan. %, p. m.-Spot cotton
| closed quiet but steady; middling gulf SIC;
middling uplands 77sc; sales 437 bales.
Futures closed steady with sales Of 16S,50O
bales. as follows: January, ! osc; February,
z ole; March, &c; April Z nc; May, Soc;
| June. 93c; July, csc; August. 8 02c.
New York, Jan. 23.-The total consolidated
| netrecetpts at all the ports to-day we're $3.50
| bales; exports TO Great Britain 1867 bales, to
| Frame $3.50 DAles, TO the continent 1881
| bales; stock ,093, Ss7 bales.
Total so far this week: Net receipts S7,315
| bales; exports to Great Britain "a 745 bales,
to France 6S45 bales. to the continent 26,7SS
! bales.
| steady, with sales Of 1880 bales, as follows:
January loo, February &c, March SIC,
| April 42c, May sic, June &c. July Csc,
| August roc, September --.
| New York Jan 23.-The Suns cotton report
| says: Cotton advanced to points, but lost
this and declined to points. closing steady
| at net decline for the day Of to points sales
| $4,000 bales. Liverpool advanced to 3h
points and lost point of this, closing quiet
and steady with spot sales Of 1200J tales at
steadler.but unchanged quotations. In Man
| quiet. Spot cotton here quiet and
steady. Sales, 1877 bales for spinning.
| Southern spot markets generally duh and IN
| changed. Memphis declined 1-16c. Mobile
and Savannah were easy. New Orleans sold
4,000 bales and Galveston $50 bales, Port re-
| ceipts 30 655 bales against 29,O5S bales this
| day last week and IA 72S last year. Thus far
this week 37.Sl5 bales against 7549 bales thus
far last week. Port exports to-day, 9475
bales to Great Britain, $3.50 bales TO France
| and 1881 bales to the continent. st. Louis
received 1888 bales against 1925 bales last
year. New Orleans advanced to points,
but lost this and declined to points"
New York, Jan. 24.-Riordan & Co., say of
| cotton to-day; Liverpool having sent US
good recovery. our market opened to-day
| few points higher the first sales OF March
being al 77Sc. But 1t seems useless to hope
| for any lasting improvement In the face of
! the enormous receipts Of cotton pouring in
| every where. Soon after the opening. prices
grew weak and there was quick decline of
| 10 or i points, March selling down to 7.67c
The covering Of shorts then impaired some
| steadinesS TO the market, and for the re-
mainder Of the day the trading was at rather
| sluggish t1uctuatlon between 7.6Sc and 77lc
| for March. The close was steady with 1890
| bid for March. The bulls now declare that
| cotton IS cheap enough, even If the crop
| should be 6 go bales But the disappoint-
| ment of the trade at the overwhelming move
ment is having a very depressing effect upon
| the demand, both atqhome and abroad, and
| unies the perpendicular drop in receipts that
we have all been taught to expect, makes its
| appearance speedily, March may soon go to
| 7.5Oc or even lower. We are now told that it
was the recent rise which brought out the
| last bale into market"
| New York, Ian. 23-Atwood Violet & Co.,
say of cotton, to-day The markets have
| played game Of Seesaw today, as Liverpool
! improved 36id, and this market declined
net Of points from yesterdays close. We
| opened better, but the port movement again
proving 81 900 against 14.700 last year. The
buyers OF yesterday sold out. carrying prices
| downs points at one time from highest of to-
day. Expectations at New Orleans for to-
morrow are 10000 ales to II 900 bales against
! $500 bales last year and ll,2OO bales at all
ports last year. Interior receipts also are
larger than last year which have been ex-
| pected, and 1t remains to be seen whether
! May at 7.S5 has or has not discounted the
! movement now being realized. undermining
/ which Liverpool will play an important part
| they continue to sell daily l20O0 bales
| Ports stock are ,093, 8o7 against 1858 40l last
| year while on last Friday the visible weekly
stocks were ZJ,o00 less than last year, making
/ the actual increase, therefore, OF visible
have taken 24000 bales more than last year
there is an actual loss of $4,000 bales
! in this country, consequently Europe
has taken the excess The excess
| last year is 10000 bales. Then again we find
the worlds visible supply of American cotton
| by Saturday last, was only 1871 900 more than
last year and yet as we mention above the
total excess in sight on the 10th inst. was
| more than 40 600 Uales, proving again, where
! the excess in this crop has gone. II the Eng
! lish spinner buys as much as 1900 day with
/ the receipts so much in excess Of last year.
| ne might do better II the movements should
! show very much smaller increases over the
| past season than they have for a mum er Of
! weeks. The American spinner says he won't
buy cotton because he can sell goods. 1t is
| fortunate then that European consumers are
! aole TO buy freely. The market seems to have
/ passed into stronger hands, as shown by its
! steadiness Notwithstanding the increased
| amount coming into sight daily; whether
! they will continue TO hold may depend a good
! deal on large or small receipts. The market
! needs buying power to overcome the pres
| sure Of receipts and the indifference Of
| American spinners and this may develop
| largely when the long anticipated drop in re-
! ceipts begins to be realized"