The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-10-18

the water. Thereupon New York prices
cropped u 10 Is points from the highest
hsures OF the morning. There was heavy
selling, not only for local ana southern
account but for Liverpool and the conti-
hent But still later a ground swell OF out
side buying orders again fioated the price
10 higher level The loss was ali re-
covered and the last figures showed d net
nnal quotations
New York, Oct I7.-Atwood. Violet &
Co say OF cotton to-day: Paper sellers.
representing the same element who have
peen lighting the inevitable since March
last, created large short interest to-day
at prices lower than the closing. which
are Two better than yesterday. The feel
ing IS that Liverpool will be better to-
morrow and ours in sympathy. In former
Etafs, at this season, and under cOndi-
tons similar to these now existing. when
shorts had hammered market successful
~, port and interior receipts have found
buyers Only at such figures as were the
pleasure of the huver to paw The bears
mere are selling with similar expectations
ana cannot understand why il is the south
uoes not sell its cotton for their accom-
modatlon 1t Is hardship (frOm their
StandpOinD to people who have heretofore
neen successful in this character of opera
tons 1t looks, however as though the
southern spot holder is not disposed TO be
generous IN helping those who have been
detrimental to his interests heretofore.
and the appearance of things is that just
a. lohg as spot prices are advanced, SO
much more Will shorts have to pay for
their over-zea lousness.'
Daniel O'IAell & Co.'S review of the cot
ton market by private WIRE 10 I. F. John
son, broker, PrOvident building:
New York. Oct. 1.-THE higher open
ing of our market was due to the fact
that Liverpool had not declined suffi-
Gently to place them on a par with our
clOSlng prices of last evening Liverpool
began to fall off rapidly after the open
ing, ana our market naturally followed
until the January option touched 916c
being decline of Is points from yester-
days highest. LiverpoOrs close was
easy at q. net loss of 6-6id, equivalent to
10 of our pOints) The decline was such
as might have been expected to follow a
speculative rise, so rapid and as excited
as the one, that has characterized the
cotton market, as during the past Week,
to say nothing of the abnormal feature
of New Orleans quotations. being as
high as ours. We think that a large part
OF the recent advance has been due to
manipulation by men, who sold on every
sharp upward turn. The manipulation
OF the prices at the close in New Orleans
has undoubtedly been done to affect I.iv-
erpool and enable selling in that mar
ket, which the manipulatorS are reported
TO have been doing on every opportunity
lately, and as long as New Orleans re-
mains on an abnormal level, that fact
remains as evidence that at New Orleans
long cotton has not been unloaded and
therefore continues a menace to the long
side, as any attempt at such liquidation
may cause demOTalized market at any
moment When the present weakness
has been overcome, and expected light
receipts are verified we do not think it
at all unlikely that prices may go
higher than they have yet been, but with
so much room below, into which prices
may drop it seems to us that a bull can
not be too cautious.