The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-11-04
weekly Marked Review.

Cotton.-Speculation has continued ac-
tive and feVerish, but with somewhat
diminished volume of trading. Prices have
tended generally upward, but reacted half
way, market closing easy at p points
gain for the week. The movement of the
crop has shown a decrease unprecedent-
ed at this season not only at the ports,
but also at the interior towns. Such q
decrease, foreseen ten days ago, would
have resulted in predictions of much
more material advance in prices than the
moderate one realized but the market
has apparently been laboring under the
attacks of a powerful bear combination
in New York. Whatever be the assured
or real confidence with which these in
terests talk lower prices, they cannot fail
to be more or less Disconnected by the
surprising reduction in receipts, con-
tinuance of which for week or two would
Some of the leading financial and trade
journals appear to have been won over
to work in furtheTance of these bearish
interests; for instance, the Chronicles
estimate of 7,00O0O bales as a minimum
crop and gloomy comments seems to
have been the first blow struck two
weeks ago. The fact, however, is that
from well nigh every section come re-
ports of further disappointment in the
turn of the crop is often fraught with
many surprises, sometimes considerably
exceeding, and sometimes disappointing,
expectations. The reduction in acreage
is probably not less than 10 per cent, in
Guiding abandoned fields; this would al
low a crop of about 100000 bales, with
the Chronicle says, conditions last
year were practically faultless,
and 4 this year very bad, indeed
all public and private reports. Surely the
difference in productiVeneSS between two
wears presenting such different extremes
of conditions must be very material If
it should amount to as much as 80 per
cent, the crop would be below 100000
bales. OF course, this is not offered
a guess at The actual crop, but only to
show that a yield below six millions is
not out of the range of moderate proba-
With a clearing of the political sky in
Europe, and a settlement of the London
financial disturbances, there ought to be
intrinsic strength enough in cotton for
| it to Withstand the assaults of the mar
| ket wreckers. So far the movement of
receipts promises to continue light the
Wheat~TIhe market is still dull and
| dragging; If a temporary squirt comes one
| day, 1t is generally more than lost the
next The week shows a decline of about
| 12ic This is due to the record-breaking
receipts in the spring wheat region and
coincident pause IN the export ueIiS M
| farmer is bad off financially and has
to forward his crop in order to meet
| his obligations. After a while this rush
/ will cease and then the real shortage of
| the crop, as a whole, will be only the
/ more apparent; speculation, moreover, is
| apt to anticipate the falling off in the
movement before it actually comes. Be
| sides. the season Is backward and IN
| promising for the new winter wheat crop,
| and the area sown is reported materially
reduced.
| Provisions-The market for hog prod
| ucts commences to show somewhat more
! activity. attended by a slight improve
! merit in prices. The prevalence Of hog
/ cholera has caused many half-grCWn DIGS
! to be shipped in, swelling recent recc pts
| at the expense of the future promise.
| 1t is likely tlhat receipts will now be com
| Darativcly small foc' two or three morf hs
/ at least. Prices meanwhile are on a very
/ low level Warfeld q Williams.
/ Their Yncht Thumped by a Whale.
From the Boston Journal