The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-10-12

closing quiet, but steady, with sales of
266,I0O bales. Liverpool advanced IL
points, then reacted and closed steady at
a net rise Of half point, with spot sales
of 1900 bales. Sales for the week 5000
bales; forwarded from ships sides to spin
ners, 5000 bales. New Orleans advanced
u to ID points, and then lost most of this.
late figures showing a net rise for the day
Of TO points. In Manchester yarns
We're quiet, but steady; cloths quiet. Spot
cotton here was 1-l6c lower, with sales
of PA bales for spinning The southern
spot markets were generally unchanged.
Augusta was partially 1-l6c higher.
To-days Features-Although the re-
ceipts at the ports and interior towns
We're LIBERAL those a not a few of the in
terror towns being larger than for the
same week last year, the year of the ban
ner crop, and although the weekly Arkan-
sas report was in the main favOrab BILE aud
the weather at the south was generally
warmer, and quite a large quantity of
cotton viii come into sight this week, the
market displayed considerable strength,
largely because Liverpool was unexpected
ly strong, prices rising there in the face
of the sharp break here on Thursday and
the spot sales in that market be-
ing very liberal. Moreover, there was
good outside buying and the New Or
leans corner in October tends to make
bears cautious not only in New York, but
elsewhere Interior exporters are trying
to buy cotton, il is stated. in New Orleans
owing TO the very high prices prevailing
IN the interior The exports to Great Brit
ain and the continent were large. There
Was Il SOOu spot business at the south. the
large receipts are believed to be due to
a rapid opening of the crop and unusual
hurry in marketing 1t. Toward the close
there was some recession. however, due
TO realizing sales. The best feature of the
day was undoubtedly the unexpected
strength in Liverpool. The dispatches from
New Orleans continue TO be of a very bull
New York, Oct. 11.-Atwood Violet &
Co. say of cotton Short sellers to-
day again attempted to break contracts
inf mot rat-
south continues strong. Texas parties
wired New Orleans to-day TO obtain offers
as they cannot get the cotton in the in
terror, except at prohibitive prices Bui
New Orleans replies by bidding $3.50 fo~
1000 October contracts, or higher thar.
spots there. and is points higher than Oc-
tober contracts here, without finding IA
seller. What does it all mean? Appar-
entity that we seem to be on the eve OF
SPOT demand Of large proportions ane
nearing the period of a descending scale
of receipts. Houston estimates for next
week $1,000, against 114,0O0 last year, ana
the ratio will be smalier for each week
following. This is the cheapest market in
the United States, because October con-
tracts, which are practically spots, car
be bought at about 3-16c less than at New
Orleans, whereas all the interior spo,
markets in the south are relatively higher
than New Orleans"
Daniel O'Dell e. Co.'S review of the cot
ton market by private wire to T. r. John
son, Broker, Provident building:
New York. Oct. 11.-"Foreign cables
SOOu NEWS TO the DullS THIS morn
ing. Early trading in Liverpool had been
at 2-64 to 1864 decline. but the loss was
recovered and 1-64d advance scored before
our market opened Sales We're u COO ba les
at unchanged prices. The first quotation
here for January was at 9O2, six points
up, and later il advanced to 90Sc. Trading
was quiet, and as the interior movement
was being posted. the tone weakened, jan
uary selling down to S.93c. This was fol-
lowed by another turn upward to 902c
and closed at S.9Sc, being a net advance
for the day of two points. All the news
that could affect the market continues
bullsh, except that relating to receipts,
both at ports and interior towns and il
seems futile to endeavor to raise prices,
while receipts are large"