The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-12-04

tober this year. $500 pounds per bale.
and compared with November last yea
Il shows a decrease Of $500 pounds per
New York. Dec. s.--Riordan & Co. say
OF cotton to-day: The comparatively
heavy receipts to-day and the lack Of
ther break Liverpool was slightly high
er ana opening prices here showed some
improvement, January selling on the call
az SIC For a time the market was
steady. though intensly dull. but the dull
ness gradually gave way to depression
ana prices slowly yielded, owing 10 the
constant pressure of liquidating sales un-
I'll January touched soc. Then the bears
who, until the last hour, had kept rather
quiet, began to help the selling and
January rapidly declined to S15c, at
which price it closed with the tone easy.
As we said yesterday the course of prices
in the immediate future will hinge en-
urely upon the receipts Even the bears
think and feel that the temper of the
market may change in trice and that it
might recover in a day all that ii has lost
in afortnight But as long as the receipts
keep on the large scale of the last two
days, we feel that support needed to
cause a recovery will be lacking"
New York, Dec S-Sun's cotton.-Cot-
ton rose 5 points, but lost this and declin-
ed TO points, closing easy with sales of
the spot at hardening, but unchanged
prices. In Manchester yarns were quiet,
but steady; cloths quiet. Spot cotton here
was dull at 1-16c decline with sales of 24
Inc exports from the ports approximayed
5000 bales.
To-days features: Though early prices
advanced under the influence of an unex-
pected rise in Liverpool. an increased spot
business there, more pacific political sit
uatiOn, an advance in consols, small in
terror receipts light estimate for Hous-
ton tomorrow, some Liverpool buying and
more or less local covering. Although the
spot business in Liverpool is large, the
spot demand at the south is so small that
prices are declining. Yet the market is be-
lieved by its friends to have a firm under
tone, and they maintain that sooner or la
ter the purely commercial merits OF cot
ton will prove an adequate foundation for
a vigorous speculative campaign in the
interest of better prices"
Mcintyre & Wardwells cotton letter, by
private wire to T. f. Johnson, broker
Provident building:
New York, Dec. S.-That this is mar
row and purely scaping market at the
moment, was again eXemplitied in to-day
trading, for although prices early in the
day were higher, they receded later on,
mainly owing to the lack OF speculative
spirit. The early advance was traceable
to unexpectedly bullish advices from Liv-
erpool, where the spot market was more
active at hardening prices, better pohti-
cal situation abroad, rise in British
consols, small interior receipts, moder-
ate arrivals at the ports, small esti-
mate for Houston tomorrow, better
dry goods, a rumor that Neill Bros. would
estimate the crop at only 6,3O0,OOO, some
Liverpool buying and fair amount of
man houses. All this caused a rise of 3
points, but this was lost later on, and
there was a decline of to points, when
the short demand fell off and there was
a pressure to lquidate for southern ac-
count. Moreover Neill Bros of New Or
leans deny that they have reduced their
estimate to $500 900. They adhere to the
6, 10000 maximum. New Orleans got CO.
siderable cotton to-day, and the estimate
for tomorrow is liberal for that poiny.
Manchester was rather slow, and one dis
patch reported cloths weak. Print cloths
were quiet in this country. Spot cotton
at the south is quiet, and in some casss
lower. While the crop movement m h
be a little larger this week than last, it
is likely, after all, to be small, even as
compared with that of the same week in
1892, the short crop year, and while under
the pressure of January liquidation there
may be some further recession in prices,
we do not look for any material or per
manent decline, unless there is an equal
iy marked and lasting increase in the re-
ceipts. The best cotton authorities of the
country incline strongly to the opinion
that the crop is very small and it is be-
lieved the present lull in speculation will
be succeeded ere long by a revival OF
speculative interest and another upward
movement of prices. Liverpool reports Il
good spot business, and London operators
show a disposition to take hold of flu
lures. We still deem purchases on the re-
actions advisable"