The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-09-29
II. II. SPERRY ~ CO..
DEALERS IN
Southern Securities,
239 T.. GERMAN ST. BALTIMORE, MD.
made or marketable eOIIntcraIs.

tected purchase. ana, therefore, an easy
prey 10 a few bear leaders who had the
holiness and the dash TO raid prices Wig
orously and persistent. This year the
sales of spectators have been more con-
sentative, selling out their holdings upon
good advances and awaiting the chance TO
repurchase on reaction. In the case OF
a rapid and continuous rise this plan. does
not always work adVanta geOusly, but
there IS no doubt about its comparative
safety and 10 adds greatly 10 the defen-
sive strength of the market. We believe
that prices will ultimately go higher, and
perhaps much higher, but meantime our
friends must be prepared for violent re-
actions We favor taking profits when
ever the market happens 10 be strong"
New York, Sept 2S.-Sun's cotton report.
cotton fell l30l5 points, but rallied, and
some deliveries advanced 1 point. The
months unchanged for the day and or
ers 1 point lower. The sales We're lS7. zoo
bales. Liverpool was firm and unchanged
on the spot, with an active business, en-
bracing 1900 baless futures fell 4iasf5
points and closed irregular. New or
leans declined points, but regained this.
and advanced II points. Port receipts for
the coming week are estimated a 2lO.OOG
bales, against 147.SSl bales last week ana
A2,S21 bales last year.
The New Orleans receipts on Monday
are estimated at 1900 TO 1900 bales
against 6,566 bales last week and IA. 726
bales last year; receipts there next week
are estimated at 5000 bales, against is
600 bales in the same week last year.
The southern spot markets were gen
aAee
morning was considered perfectly nat
uraL The upward movement of prices
mas been too rapid in the Judgment of
many of the bulls themselves. There
mas been an extensive long liquidation,
and sold out bulls wanted reaction in
order to get in again. And to-day as
soon as prices showed good break they
did get in. In fact, so many wanted
10
recovered, and the tone at the close was
hrm, with prices just about where they
stood last night. Liverpool continues
active. and the south was by no means
anxious to sell cotton The crop move
ment, of course, is increasing, but the
conviction is very general that the yield
Is small. In the early trading to-day
there was heavy selling both for Ameri-
can and foreign account, but the market
met a great many buying orders. and II
quickly rebounded. New Orleans was
liberal buyer. Outsiders were buying
freely In a word the bull fever was
still on. Many use the term bull fever"
IN a depreciatory sense, but fighting the
bull fever has been very expensive
business for the past six months, while
whoever has caught the bull fever has
found it exceedingly remunerative. The
crop reports in many cases continue un-
favorable; the demand for consumption
Is good, and as already minated the
speculation continues on a large scale"
New York, Sept. 2S.-Atwood, Violet &
Co. say of cotton: Just as we said in
our yesterdays report, Liverpool was fill
ed with all kinds OF bearish information
to-day, and the shorts took advantage OF
II by depressing that market. the closing
being lower than yesterdays. Our Liver
pool cable said this morning; "A raid was
made upon the market to-day just before
the close, the object being to influence
the New York market. There are signs
OF efforts on the part of operators to de-
press prices in order to make a market
to buy on Liverpool points to port and
interior receipts as an evidence Of the I'M
truthfulness of crop damage. and we must
say that farmers seem, by their free mar
keting, to be giving spinnerss and the
speculative shorts stick to break their
heads with, when by a slower movement
the advance would be rapid. Our clos
ing was the same as yesterday, after be-
ing at one time to-day Il points lower.
but this afternoon on the curb prices were
ta1 points higher, or about up TO the
best of yesterday. The expectation Of a
very unfaXorable bureau report on Octo-
Der 10 Will hang over the market next
week, and when it is announced our opin-
ion IS 1t will point to a crop OF about
100000, or say 60 per cent. of the LAST
crop"