The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-07-14


receipts, J. stock, 3. 1873
Norfolk-Steady: middling, 65s; ret re-
celpts, B. stock, 142S6
lSaltimOre-Hull. niddling, Z SIC: net re-
ceipts, q; stock. y II.
New York-steady; middling. l-lei
sales. SJo, stock. 1876 81.
ISOston-Easy; middling, rs; net receipts
lIl gross, los.
Philadeiphia-Firm: middIng. rs: ne:
receipts, i59; stock, II, l59.
DAILY movement at interior towns
Enthusiastically; middltng, Z, net re-
celPls, y; sales, 81: stock, 6,lg3.
Memphis-DUn; middhng, o.; net re-
celptst 70. stock, 2450.
81. LOuis-Steady: middling ca; gross,
q; sales, 20; stock 1854
Clncinnau-Steady; middling. Z: net re-
eelpts, 2; sales $50. stock, S114-
Houston-Quiet; middling s 11-16; revise
net receipts, rs: stock, Us 1854.
Exports Of Cotton This Day
New Orleans-CoastWise u.
CharlestOn-Coast g.
There We're no foreign exports from the
ports to-day.
Total foreign exports since Sept. /. 1894
10 Great Britain, g, f03, 53i: to France, 772,-
49, 10 the continent. 2.fl3. 5i3
411iiFerpool, July u, 1880 p. m.-COttOn
9uli prices favor buyers, American mid
qIlng, 5.z8G5.32d; sales. 5000 bales; Amer
Ian 4,oyJ bales speculation and export,
~ Dalesf receipts, 1000 bales; American.
o,6V futures opened steady at the de-
eiinei demand moderate; American mid
ding, low middling clause, July-August,
S-4ldi August-Septe TENDER. S.43d; Septem-
ger-October, 3.44Q3. 1913 44d December
January 3,43Q3 4s03 40; January-F
ruary, 34sd; February March, 3.5)d;
March-April, 3.5ld; futures quiet.
p. m.-Cotton, American middling.
FAR, 4 Y-S2d: good middllng. 1884; mid
ding, ll-l6d; low middling, 3 9-l6d good
or,alln.ary, 1-i6d; ordinary. 3i4d-
3-42 buyers; August September asa
5itl, sellers; OBSERVATION-DISCLOSURES,
3.45d, sellers; October-November
.. fDd, sellers; November Decem-
Der, 3.f7d, value; December-January,
SB value; January-February, $40, buy
ers; February-March, 3.50Q3.51d: March
April, sod, value: April-May. 3.53d, buy
ersi futures closed quiet.
New York, July 13, noon.-COtton futures
opened steady; July. 67Sc; August 6s2c
September, 6SSc; October, 692c: Novem-
Der, G:S'Si December. l;0lc.
closed steady; July. 67Oc; August, $500;
September 6.S5c; October, 6.90c; Novem-
Der, 6.9ic; December, 699c; January, lose
February 7.lOc; March, 7l5c; sales, $1,000
New Orleans, July ls.-Cotton futures
steady; sales. 1900 bales; July 6.53c;
august 6.54c; September, csc; October.
5000; November, 6.G3c; December 6.6Sc f;
January, 6.7Sc; February, 6.7sc; March,
6.s3c.
Galveston, Tex. July 13.-The first new
bale OF the season, classed as strictly
middling, was sold at auction to-day by
Kuhn & Fraussen. The price paid was
500.
New York. July 13-The total visible
supply OF cotton for the world is 3,tfS.i67
bales, Of which 2,762,2 67 bales are Ameri
can; against 2,609,6l7 bales and 2l15,417
bales respectively last year. The receipts
of cotton the past week at all interior
towns were 2,l61 bales. The crop In sight
is 9,649,035 bales.
New York. July 13.-Riordan & Co. saw
of cotton to-day: "A duh and apathetic
speculation during the week has resulted
in decline of about 10 points as COM
pared with the closing prices of last Sat
urday. To-day's trading was devoid of
feature, except the stubborn refusal of the
market 10 go down in the face of consid-
cradle pressure. August opened at 6.S2c,
declined to Csc. and closed G.s0G6 Sic,
with the tone steady. The bears declare
lation; that everybody who thinks well OF
cotton is loaded up with as much as he
can carry, and is waiting for somebody else
10 relieve him of his burden at a higher
price than he paid for it, and that clear
weather during the next six weeks is likely
to repair whatever damage the crop may
have suffered Under these circurn-
stances, they urge, holders of cotton are
sure, sooner or later, TO grow tired and
to throw their holdings overheard and
that this process will necessarily result in
lower range OF prices. This is about the
whole argument. The bulls who now in.
elude In their ranks many of the strongest
houses in the exchange, are not q bit
They admit that a forced Hqui-
dalton OF weak holders may cause prices
70 temporarily Yield a little further, but
they contend that on any slump the cotton
sold out VIII find its way into stronger
hands. They hold that present prices are
so low as to preclude the possibility of any
serious decline, and that nothing but an
overwhelming crop with existing trade
and conditions could bring us back to the
low prices of the past winter. Whereas,
II Is now absolutely certain that at the
best. only crop of moderate dimensions
can be expected, while very small one
IS more than possible. Finally they saw
that the chances for big advance are Sc
much greater than those of any material
decline, that speculation in cotton NAV
wake up at any moment and give us a
genuine bull market. 1t seems to us that
the situation, at the moment, strongly IA
Yors the bull side, but the outcome will an
depend upon how the crop will fare the
remaining weeks of July and in August, -