The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-10-17

Inc close was steady. with 925c bid for
January The rum0T that Neill's estimate
OF the crop was $4,000 maximum. added
70 the confidence Of the bears. We think
the short interest has been materially in
creased to-day, and unless the receipts
should De very heavy We do not look Dor
much decline at present"
New York, Oct. B.-Tne sun says of to-
days cotton market: New Orleans and
New York prices for January and March
Were practically the same. New Orleans
expects tomorrow 500 TO 1l.O00 bales.
against 1918 bales last Thursday: HOPS
bales on the same day last year and 1851
bales in 1888. In Manchester. yarns were
steady; cloths, quiet. Savannah advanced
l-l6ci Charleston. l-l6c to &c: Norfolk,
Sc and Wilmington, 3-1Gc Some estimate
the port receipts this week at $4,000 bales,
against 269, Dol bales last week. and 572,737
bales Tor the same week last year. To-
days features: Realizing sales. due to a
rumOr that Neill Bros. will estimate the
crop, not at 100000, but at $4,000 max
mum, and reports that Inman. Swami a
Co We're selling heavily, caused some de-
cine, though at. one time the market eX-
hibited considerable strength, and, in fact,
at the close 1t was steady, after only a
moderate recession"
New York, Oct EASTWOOD Violet &
Co say of cotton to-day: "The cordi-
lions of things in the south, short sellers
IN nus market MAJ are either RurposeE or
accidentally ignorant OF. Rounding of
contracts does not cheaper actual cot
ton, because declines do not increase the
number of bales, nor do they make crop
conditions any better. They forget that
IL Is the spot holder who seems likely to
create a price this time and not the
speculative shorts in this or any other
market, except for temporary depres-
slons. October contracts at New
Orleans are &c higher than October con-
tracts here. The fact that October con-
tracts in New Orleans are &c above
spots show that the people who have
cotton to sell would certainly ship it
there and realize such advantages, if
there We're any, other local spot markets
IN the neighboring states.
Daniel O'Dell & Co. s review of the cot
ton market by private wire to I. f. john
son, broker, PrOvident building:
New York, Oct. 16.-First cables showed
a decline of l-64d in futures and 1-32d adj
vance in spots, with sales of 1900 bales.
our opening was points lower, 9.3lc, for
January, but quotations rose rapidly 10
Y.44c, and Liverpool advanced in sympo-
thy, closing firm and 2-64d higher than
yesterday with additional spots sales of
1900 bales, making a net for the day Of
$4,000 bales. To men who have been o.
serving the course of cotton, ii Is perhaps
supertluous to remark that New Orleans
was very strong. About the time Liver
POOLS closing prices were announced here,
there was a sharp break of IL points in
our market, January selling at 9.33c. Lead
ing professional spectators and large cot
ton dealers have been selling cotton here
lately on every rise, and the drop was un-
doubtedly partially attributable to their
efforts. Although the market had the
stimulus of large specials in Liverpool
and 1t was the first day of really light
receipts at the ports. All attempts al
rally proved futile and there was a fur
Their decline to 9.25c, which was the bid
price, and the close being a fall from the
highest of 10 points, and a net decline or
II points. Transactions for the day We're
56O,2OO being the largest of the year. At
our close there are about So of our points
difference between futures here and In
Liverpool as the average difference has
been in the neighborhood of 60 points, il
will be seen that a decline of only points
in Liverpool would meet us.