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

Cotton-The week has been a disap-
pointing one TO holders of cotton as the
tendency of prices has been mostly down
ward, and the close a quarter of a cent
lower than last week. This in spite of
the fact thar the crop movement has fall
en- below the most eXtravagant bullish
predictions. And yet some New York
writer's say that the weakness was part
ly due to receipts being larger than ex-
pected, which is simply farcical Anoth-
er reason urged, and with some little
more snow of justice, is the demOralized
state of the London speculation in South
African mining stocks. This, however,
While a more or less depressing infiu-
ence upon Liverpool should not have a
very serious or permanent effect upon
cotton. The unsettled condition of Eu-
rOpean politics regarding the Turk
ably without much weight being attribu-
ted to the argument The chief, We
might almost say sole cause, the New
ork authorities generally choose to ig-
more. and that is the determined and sys-
tematic efforts of the powerful bear COM
bination to depress the market. Their
first step was to secure the cO-opera-
ton and connivance of the leading COM
mercial journals. Another and more re-
cent move was to circulate through the
press alarming statement concerning the
immense amount of loans upon cotton by
banks on a comparatively narrow mar
gin. OF course, this Is nonsense. Stocks
are not excessive anywhere, and banks
do not advance on cotton until IL IS
marketed; hence, If any large amount
than usual of late years is now so car
ried, il is due to two very good reasons,
namely, because cotton has higher
value, and because money is now both
cheaper and more abundant:
There really seems no valid explana-
ton of the decline ait this time, save
the organized aggressiVeness Of the mar
ket wreckers, a quality which appears
cOnspicuously absent on the other side.
The week closes with a feeling of ner-
VouSness, and with a rather gloomy out
look, but If holders of cotton, spots and
futures, should show some stamina and
refuse to be stampeded, the Wreckers,
after all, might not carry their point,
and might not find 1t very easy TO tul-
fill their short contracts.
With such a crop as this one, cotton
is worth more than it is now bringing,
and it will bring more too, If not In the
near future, than later ON, perhaps al
ter it has passed out of the section
where it was grown.
Wheat-The market continues 70 drag,
not falling off much, but apparently un-
able ito sustain any Improvement we
for receipts while still large IN the
spring wheat centers, appear now ready
to soon show the beginning of the end.
Foq. if is announced that deliveries from
first hands equivalent to what we can
''receipts from plantations in cotton, Isll
off about so per cent from those Oh Tue
preceding week Something IKE TINS
would seem sufficient to awaken some
interest in the market, and eVentually
rouse the now dormant speculation INTO
vigcrors nfe. This, Of course, would
mean a rapid and material ADVANCE IN
nrices. In any event, we cannoL pul i De
iieve that May delivery at about VIZ
cents will prove a pro1uaple lIlNesuliieiil
10 inc p'''A0--' Warfeld & Williams.