The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-05-12
The MORNING NEWS: SATURDAY, MAY -, 1894.


stocks today aggregated 81. 600 shares. and
OF unlisted = COZ shares
New York. " ll.-Treasury balances
to-day were as follows: Coin. ~, 6S7 600; cur
rency S5i747O0O
Liverpool, May H. n.-Cotton-Quiet;
Iair business done. at steady prices: Ameri-
can mlddIlng, l3-l6d; sales 10000 balos;
american. 400 bales; speculation and eN-
port LOCO bales; receipts - OOJ bales; Amer
lean II 400 bales. Futures opened urn; de-
mand fair.
Futures-American middling fair, low mid
ling clause; May, ID; Nav and June
3 5t64d, also 52-64d; June and July, 3 556ld
also ; a6-o4d; July and August. 56-64d. also
2,-oto' August ana September, 55-64d, also
2o-J4u' september ana October. 3 5S64d. also
3 5Sbid: October and November, 5964d
also $ bl6id; November and December,
5 oO64d, also 6l-64d; December and January,
Sol-6id. also 6064d. Tenders at to-day 5
clearlngs were 40 bales new dockets and 500
bales old dooketS
p. m.-Cotton, American middling fair.
Esd good middling, 4 led; middling, 3 lSl6d /:
low mlddling. 3 l3l6d; good ordinary.
, lll6d; ordinary 31sd.
Futures American middling fair low mid
dllng clause MAY, 81 6idJ b56td; May and
June, "a 63g3 55-64d; June and July,
3 a6b4d, value; July aud August, 3 81 64d,
buyers; August and September, 3 5s-64d,
buyers; September and October. 50-64d.
buyers; October and November. 3 BO-i4d.
buyers; November and December, } 6I-64d.
buyers; December and January, 62-64d,
sellers. Futures closed steady.
New York, May II, noon.-Cotton futures
opened quiet, as follows: May. 9tc: June,
&c; July. 7Cs': August loo; September,
Z lie; October, lie.
New York, MAY :, p m.-Spot cotton
closed steady; middling gulf 9-6lc: middling
uplands 5l6c; sales l4l uales.
Futures closed steady with sales OF
gl'oOJ bales. as follows: May, O407 05c;
June O'Go7 0sc; July, 7llU7 &c; August.
:. lod7 Ice; September 2 1907 zoe: October,
12f47 Pc; November, &c; December %
az SSc; January, SO SOC.
New York Nav li.-rOtal consolidated
net receipts at all the ports to-day were 4Ug9
bales exports 10 Great Britain lS.564 bales. to
FRAME . lO5 bales, TO continent 2,5i2 bales
stock 5l24i3 bales.
Total so far this week: Net receipts % Ols
bales; exports to Great Britain 2t.il6 bales.
10 france o,Uss bales, to the continent 10 ,253
bales.
New Orleans May I1.-Cotton futures
closed steady, with sales OF 81 200 bales,
as follows: May bs.c, June SEC. July sic,
August Is soc, SEPTEMBER d 00c Octouer g3c,
| November 96c, December O0c, January
Otc
New York, May 1.-THE Suns cotton re-
port says: Cotton advancedS TO points.
closing very steady. Sales N 20) bales Liver.
| pool advanced ia to points, and lost part of
TINS, closing quiet aud steady; spot sales
10000 bales, at hardening but unchanged
prices the supply OF cotton from Great
Britain d lring the week has decreased - 900
this time last wear. In Manchester, yarns
were quiet, but steady. For cloths offers
were scarce. New Orleans advanced 10 to IL
points. Spot cotton here was -I6C higher: l4I
bales sold tcr spinning. southern markets
were steady or urm. The receipts at tho
ports were 4,0i4 bales, against 81 bales
this day last week, and 4346 bales last year
Otal for the week IS 0lS bales against Al h57
bales last week and 2s,201 bales last year
New Orleans receipts to morrow are esti
mated at loo to / 500 bales. against 1884
baies on the same day las5 week and 757
bales last year. Local southern and Eu-
ropean buying here, IN conjunction with an
advance IN Liverpool and small crop move
ment as well as strong markets az the
market"
New York May l1.-Riordau s. Co say OF
cotton today; The temper OF the market
to-day was very variable, but the tone in
the last half hour was more bullish than any
time for many weeks past. August, under
the stimulus Of a higher Liverpool report,
opened at 7.llc, advanced to 7l4c, quickly
reacted to 7.lOc, and remained for q consider
able time very dull and weak at
that figure. But private cables were of
q character that led some of the shorts to
quietly cover and as the afternoon advanced
prices steadily hardened. Nearly all the long
cotton having been sold out, the belated
shorts, who sought to cover, found that there
was no cotton for sale and the demand caused
prices to rise easily and the last few minutes
the bidding was lively. The close
was very steady, with 716c bid for
August After the close bidders
were Offering 7lsc for August II is
believed there is a considerable short interest
still uncovered and If Liverpool should re
spoud handsomely to our rise Of to-day. we
may have liveiF times during the two hours
OF trading TO morrow. Many OF the bulls are
talking OF further advance of % points as
probable. At present low values II
is hard to say what the effect OF
general scare among the shorts
might be; but our friends ought to be on their
guard against the buying Ithusiasm that a
| boom based only upon such a scare might
produce. The conditions continue against
any substantial or lasting Improvement in the
cotton market and when the shorts have
covered the influence OF these conditions,
would be likely TO reassert It's III with greater
force than ever"