The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-01-13

New Orleans. An. 12-Cotton futures
quiet, sales. 5i,i0Q bales; January. 5.l-,
February. 81; March, 5.3l; Aplil, 5-3ii
May, 30; June. 5-45' July, 80. august
300. September. 5-53. October. Dos
New York. Jan. 12-Ihe total visible
supply OF cotton for the world D. s4i.t5l
bales, OF "a hich 4.5-j.45l bales are Amer--
can, against f.il.6l4 bales and 4-l-l.s-i
bales respectively last year The receipts
q cotton this week at all interior towns
were lls,ss5 bales. The receipts from the
plantations were 1874 bales, The crop
in sight is IS. l59 bales.
New York, Jan. 12.-The suns Cotton
article say Cotton declined TO points,
recovered this and closed dun: sales.
l41oJ bales. Liverpool declined ] point
and closed dull. New Orleans receipts
on Monday were estimated al BOO bales
20 ld,gll bales, against Zo,24 bales
last Monday, anu e.0Zs bales for this
time last year A Fan River dispatch
said; This market has been agitated and
unsettled throughout. At the closing,
Of 49-l6 for extras, sellers having success
fully combatted the efforts of the buyers
10 bring the price TO Zi1c, the lowest
price in the history of the country. OPP
eratl0ns were on a more extended scale.
Production 10000 pieces. deliveries. 30
COO pieces, sales, $4,000 pieces. including
s4,vo ODDS and 5000 siXty-I0ur square Is,
OF Whlcn 54,uW We're spots and l--,yJJ fu-
lures stock, IS 900 odds and 90 Zoo sixty
four squares; total. 1880 pieces. If the
price should recede to 2izc, there may be
August and during the fall Of 1854, but
the depreciation in the value of the raw
material offsets this in great measure.
The market was as near stationary as
holding of for further developments. Re
eelpls are large, but prices are low
The speculation is very light. The cot
Ton goods trade is III anything buL sat
istactOry condition. The receipts at the
ports THIS week are estimated Al lSusuJJ
bales, against 100000 bales for the same
eel r fHa nn.a Hfr rsrr.r or
New York, Jan. 12.-Riordan * Co, say
Of cotton: 1T has been phenomenally
dull weak in the cotton market and to-
day was about the most inactive day Of
and 5.6ec. The close was dull, with 5blc
bid for May. This seems TO be com
plete pause in the speculation. Buying or
Cers are few and far between. on the
other hand, nobody wants TO sell. IL
there is to be q further decline, 30 must
come from the Liquidation of speculative
frightened into selling out as they were
when prices We're higher. Those who
are counting upon liquidation TO give us
lower prices may find theUsa Ives WOefully
that the buyers at present values include
a lar larger proportion OF 'stayers than
uCle OF recognized intrinsic value and
which can be held Indefinitely has been
acquired at price far less than the cost
of production. makes the purchasers of
VestOrs rather than spectators, and in
case Of further decline the chances are
that they Will but more rather than sell
out what they have. Ii is well, however,
TO look The facts of the situation squarely
in the face The crop in sight to-day is
at least half a million bales more than at
the same date IN 1S92, when the yield was
over 5000 go bales. If the movement for
the rest of the season should be the same
as in 1892 we should have to deal with
a crop of over 9,500000 bales But it is not
the size of this crop so much as the pros
poets for the next one that viii deter
mine the course of prices If the southern
farmers VIII cut down the cotton acreage
onc-half, or, still better, II they win buy
for future Gelivery the cation they usually
grow and give their land a rest, they will
no longer have to complain of low prices.
But it every farmer plants all he can.
depending on his neghbors to curtail
production, we may not only fail to get
an advance, but we may see cotton selling
next fan AT 4c, or perhaps cents The
matter rests on the action Of the cotton
growers themselves. Because We cannot
believe that the southern farmers will be
foolish enough 10 cut their own thr0ats
financially, we expect higher prices before
spring. Upon an declines we favor buy
ing"