The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-09-27

with sales Of $500 bales. Liverpool rose
10 li4u on spot, with sales of 1900 bales
5iiahins 49,goo IN two days. Futures rose
points there, but reacted ard closed
barely steady, with some months half a
point lower than yesterday. New Orleans
advanced y points and then reacted )
points. In Manchester yarns were in mod
crate demand; cloths quiet SpOt cotton
mere was quiet at ise advance. with sales
OF lo4 bales for spinning. The southern
spot markets We're hrm and generally high-
er. New Orleans receipts Tomorrow are
estlnlSsed AT 800 10 5000, against 1922 last
year -Io-day's features; II was a bull day
beyond question. Rising prices al Liver
pool and all over the south, accompanied
oy Dig spot business, heavy buying OF
futures, not only across the water but
in New York and New Orleans. ali COM
bined 70 give the market decided strength
ana the transactions were on an enormous
seaie az a Dig rise, as compared with yes
terday's prices. Liverpool and New or
leans were buying here. New Orleans
bought partly owing to the small differ
ence between the two markets on the
rise many OF the commission houses
realized profits freely, but the market
TOOK the cotton very well indeed The
New Orleans market showed decided
strength, in spite of the fact that il was
an on day. II was reported one of the
leaulnS operators there would be Obliged
TO receive about 100000 bales on October
contracts: No one seemed to be at all
worried about the matter except the hears
1t is estimated that Henry Hentz & 90.
purchased from 5000 to 1000 bales to-
Gay, mostly on open account"
Y q
20. say or cotton: The European spin
ner has been for several months past
entirely skeptical as to any material
deterlofation in the growing crop, and
confident of an 5000, 600 minimum supply
out of il they have allowed themselves
10 consume largely of their mill stocks
express il, the large v yisibIe
supply American cotton in Eu-
rope, and also the large ex-
cess, OF mill stocks over last year. We
md by the Financial Chronicle of Aug
81 that the exports for the twelve months
ending on that day were 1,4S5.0O0 greater
man last year, but the visible supply in
Europe Of American on the same date
was only $4,000 bales more than last
year, while English and continental SPIN
ners held on the same date only 275.0O0
bales OF all kinds more than last year,
80 per cent. of which was no doubt Amer
lean. In other words, the total excess
of American in Europe Sept. ! was about
$4,000 bales more than last year, show
ing that European spinners had actually
consumed about $4,000 bales more than
during the same twelve months in the
previous season
English spinners held on Sept. 1. ac-
cording to Ellison $1,000 bales, against
10000 bales of all kinds, against 4S9, 900
but as Ellison estimates the consump-
ton of the former at 50 600 bales and the
latter at $4,000 bales weekly of all kinds
it would seem that the English spinners
had only about five days supply then,
and the latter about one-half week s.
At this time last season the shadow OF
a crop estimated at 100000 minimum was
hanging over the market, whereas now
the prospect is for a supply 3,25O,G00 less.
Liverpool will get very little of the new
American crop before the end Of Octo-
Der, and the continent not before the 18th
or 10th of Nov, while for the whole sea-
son. Europe is likely to secure at least
2,750O00 bales less than last season, if the
American spinners are TO get their pro-
portion 1t begins to look as though at
last the producer of cotton is to obtain
his deserts, but if he doesn't secure them,
ii will be his own fault"