The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-10-16

"To-day's Features-The bears hardly
knew whether they were afOOt OF a-hOrse-
Dack- IL elevation counts for anything
they were on horseback. and the riding
was rather rough. Liverpool was active
and higher; southern markets We're ram-
pant the receipts at the ports and the in
terror towns were falling on Bears are
nervous over the receipts at the ports
ana also the arrivals AT the interior towns.
Inc spot markets at the south were active
at rising prices. And in New York every
body seems 10 be buying"
New York, Oct. 15.-AtwOOd. Violet &
90 say or cotton to-day: The prospects
Tor this market adding to its stock are
becoming more and more remote, unless
the sellers are compelled to do so at no
matter what sacrifice. Should they desire
to liquldate with the actual thing instead
or buying in their contracts, the condi-
lions are very simple. But strange to
say, tney are conditions that have been
ignored by the very people who should
have given most attention to them and
that is, Of course, the speculative short
be brought here for reasons mentioned
already, and the people who are long of
contracts should undertake TO demand
oehEery OF cotton they have bought, il
would force the shorts into competition
with exporters and buyers for domestic
mills. This would bring about kilkenny
conditions of highly interesting char
acter to the spot holder, but decidedly
worrying to the spot buyer. The expla-
nation OF the advance in contracts is TO
be had mainly in the fact that the future
markets are largely oversold and the end
Is not vet.
Daniel O'Den & Co.'S review of the cot
ton market, by private wire to 7. F. John
son, broker, Provident building:
New York, Oct. l5.-The first cause of
cables showed S-64d advance, and later
Z-64d more We're added. The close
wa was ei firm. with net advance
OF 5-64d on futures, and Lied on
spots; sales being iS,00U bales. January's
option in this market opened at 925c, re-
ceded a Few points and rose to 9.35c, and
a cit
9.3sc, near which figure it remained dur
ing the afternoon, until the close, when it
was s.SIc bid, beingea net advance for the
day of p points. New Orleans still leads
the rise and at one time their January
option was selling one point higher than
ours. Inc market was certainly strong
ana sentiment thoroughly bullish. We
know it is not the fashion now to say any
thing that may have the slightest bear
lsn naNor, but We cannot refrain from
Gaining attention to the fact that the re-
cent advance in the price of cotton is I'M
precedented in late years. The fact that
the New Orleans price of near options is
ABOUT as high as ours, when they should
be at least 20 points lower is an evidence
that the advance is at least partially due
to manipulation, and it is well known that
party in New Orleans is doing every
thing possible to further this upward
movement and is heavily long of cotton.
rms long line OF cotton must, of course,
be sold some time, and the unloading will
doubtless be attempted on a strong ris-
ing market. Should this party be unable
tossell out on the rise and be forced to do
so on falling market, the result would
probably be a temporary panic. Should
the sale be effected on the rise. the conse-
quenceS would be equally unfortunate for
the bull side, as the weaker men. on whom
the cotton would be unloaded, would spill
ii on the first evidence of a decline The
rise mas been too rapid to be healthy, and
bulls should be cautious for when the
selling movement begins, il will be not
only realizing, but there will be plenty of
bears to help the market in downward
extraordinary light as some predict: light
enough to warrant 10 cents, but il must
be remembered that farmers pick the
fields much closer at 10 cents than they do
at Sc. The times favor high speculative
values, yet cotton may already have gone
high enough, or will reach its summit ere
long"