The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-09-11

the 9th. when the price Of middling quick
IS advanced TO Csc. closing AT that price
on the last day Of the month
May here was very little doing IN the
lOcal market during the nrst week OF TINS
month The Warlike attitude Of Russia,
China and Japan having caused an I'M
was quoted at 5-iGc. with absolutely no
demand. The bureau report on the 10Th,
was more favorable than expected ana
Liverpool and New York gave out disap-
pointing news and daily declines rms
condition remained until about the Iith,
When the report came from Liverpool OF
large spot sales of 90 bales, y hien mol
sdted tnat spinners were again buying.
Inc weather prevailing over the cotton
belt was also far from being favorable,
which added TO the strength Of the mar
ket. The demand in The spot market was
renewed and the prices advanced, mid
ding selling at 1s-16c at the close OF the
June--Crop conditions and acreage began
70 be the dictators Of prices. The most OF
the 55ye,Vy bales that had come in sight
ing disappointment where it was grown
and creating hearty good feeling among
foreign owners who had secured the cot
ION az less than its first cost in many Inv
Stances 10 growers. The growing crop
was said TO be in a poor condition; the
acreage smaller, and there had been
great decrease in the use of commercial
fertilizers. These things contributed to
influence the market during this month.
business in the local market during the
!.iSt WEEK WIS neglected. on account OF
limited offerings. The price OF middling
remained at SIC up to the 18th, when there
was q decline of l-l6c. The improved crop
reports played an important part in the fu-
ture markets, and sellers were compelled
to surrender advantages. The offerings
IN IN the local market were small, and very
httle interest was manifested in spot
transactions. The month closed with
middling at 65sc
July-Nothing OF interest occurred in the
local market during the entire month.
Sharp fluctuations in futures, however.
caused slight changes to be made in the
local market, but the transactions were
SO small that there was no excitement.
me price during the month was l1-l6c.
augustine same conditions prevailed
throughout the early part of August, there
being no interest DISPLAYED in the market
up to the 18th, when two bales of new
crop cotton We're received at the cotton
e5ehange and sold at auction. The first
dllng' ana sold at 7l5c a pound. On the
same day there was a boom in the con-
trolling cotton markets. and the local spot
quoted at csc. The market continued to
advance during the month and at the close
middling was quoted at 1850.
Cotton Prospects.
The acreage planted is estimated to be
much smaller than that of last year. Va
rlous estimates have been given by author
tues, out they do not agree upon the per-
. eentage of the decrease. There is also
diversity Of opinion to what the yield
OF the present crop will be, estimates
ranging from 100000 TO S,3J0O00. The de-
crease in the use of fertilizers is an i'm
portant factor in calculating the average
yleld. The crop is late, small in many
places, overgrown from too much rain in
others, but with average weather it is
expected that the conditions will improve.
During the past month there has been
an Improvement in trade in Europe and an
active demand has sprung up for cotton,
as sp1nners are disposed to maintain their
present reserve supplies under the stimu-
lus of improving business. and a prospec-
tive moderate crop.
on Saturday, Aug. 81, 1895 at the close
OF the cotton year, the following were
the official spot quotations of the cotton
exchange:
Middling Fair................. ----
Good Middling. .........................7 11-16
Low Middling. i-l6
Good Ordinary & 11-16
Receipts of Cotton From Sept /, 1894, to
Aug. 81, 1895.
Sea
Upland. Island