The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-09-28

ENTHUSIASTICALLY; middling, Sl2; net re-
ceipts, 1857; sales, $50; stock, actual II, O49.
Memphis-Firm; middling, So; net re-
1876.
St. Louis-Firm; middling 81; net re-
ceipts, IS; gross, 81; stock, 6,62S
Cincinnati-Firm, middling, ga net re-
ceipts, 80; sales, 800; stock, 1888.
iouston-Firm; middling, SIG; net re-
ceipts, 6,925; sales, CTS; stock, 24,025.
Exports of cotton this day
New Orleans-TO the continent. 1866;
coastwise, l,4t5
MObile-Coastwise us.
NorfOlk-Coastwise, III.
Baltimore-To Great Britain. Ass: to
the continent. 200.
New YOrk-Forwarded, $40.
Boston-To Great Britain, 4,47O.
Total foreign exports from all ports to-
day: To Great Britain, 9,455; to the conti-
nent, 1855.
Total foreign exports from all ports thus
far this week. To Great Britain, 3O595; to
France, 200; to the continent, 1905.
Total foreign exports since Sept l, '95:
To Great Britain, CO. 476; to France, III; to
the continent, 1852.
Liverpool, Sept. q. y 80 p. m.-Cotton. ac-
tive business; prices firm; American mid
can, 1900; speculation and export, 1000
bales; receipts, none Futures
opened firm; demand good; Amer
iesn mHIddng low midd in elag Ne
vember-December, 4.40q4 4G4 40d4.39; De-
cember-January, 44104 42d4. 43G4. 4104 40
44iI4.4Us JanQdfy-feDruary 4.4Z0I4. 430n 4. al
a. 1914 .42Q4Hd February March 4.45
M444d4.43; March-April, 4.47Q4. 4604. 45044 A.
Futures steady; tenders at tO-day's clos
ing, 200 bales new dockets.
Liverpool, 4 p. m.-American middling,
fair, 9-32d; good middling, 4 27-32d; low
middling, 4 9-16d; good ordinary, 7-16d /;
ordinary, nd; September, 4.446I4.45 Sep
tember- October. 444d4.45 sellers; October
November, 4.43a4.44s buyers; November
December, 1904 buyers; December
January, 4.45 sellers; January February,
4 Enhr 10 ~ Nor A 49,
March-April, 4.4SQ449; April May, 45O SELL
ers; May-June, Adj buyers; June-July 452
Q4.5S value. Futures closed very firm at
New York, Sept. q. noon-Cotton fu-
lures opened firm; October, $500; Novem-
Der. S.67c; December, S.75c; January. s.S7c;
New York, Sept. q. 4 D. m.-Cotton flu
lures closed steady; sales. 37S, 500 bales.
September, S650S.67c; October S.640S.66 /;
January. Ss5c; February, 'SSi@S. SIC I;
Na1 S96Qs97; April, 9.O2@9.OS; May,
New Orleans. Sept 27-Cotton futures
steady; sales, 176,SOO bales; October, S.6Sc
November, S.5Sc; December, S.62c; January
S66c; February, sic; March, S76c; April
SSlc; May, S.S6c; June, S9lc.
New York, Sept. H.-Rordan & Co say
of cotton to-day: Whatever disposition
toward reaction in cotton might have
existed this morning was promptly check
ed by the extraordinary advance of ten
siXty-fourths in Liverpool Our market
opened with wild buying and a further
rise. The first sale of January was at
had climbed to S9zc The fluctuations of
the day, which were rapid and incessant,
were within and So points
and We're absolutely and exclusive
that kept pouring in. The liquidation was
enormous, but the market evidently want
ed all the cotton that was offered at any
concession and the close was steady, with
SSDc bid for January. In gnpl arypf III
would be mere guess work to predict
whether prices will react tomorrow or
go still higher. 1t will largely depend upon
the temper of Liverpool. We still advise
our friends who have paper profits in
sight, to turn them into cash without hest
tation. We do not, however, recommend
short sales. Whatever the course of the
market in the immediate future, we think
it likely that prices will. sooner or later,
go higher yet. and upon all good breaks
we would still be inclined to buy"
New York, Sept 27.-The New York
Suns cotton review says: Cotton closed
steady at net rise for the day of 10 to
II points, with sales of 27S,000 bales. New
Orleans rose 16 points and then lost about
half of this. Liverpool advanced 1-32d on
the spot with sales of 1900 bales. making
$1,000 in three days; futures advanced 10l@
oil points, then reacted and closed at a
net rise of 9l2 to 10 points, with the tone
very firm. Manchester was strong. New
Orleans receipts tomorrow are estimated
at 5000 to $500 against 1908 last Saturday
and 1926 last year.
"To-day's features: New York followed
Liverpool where the advance was very
marked, and where moreover, the spot
business and the speculation continued on
a large scale. There was very heavy buy
ing here for local, southern and European
account and prices advanced by leaps and
bounds. The crop movement was liberal
and general rains are reported in Texas,
while some think the rapid advance in
prices will check buying by spinners in
this country when they find it difficult
to make calculations for business in print
cloths But whatever might be said against
the market, not forgetting the promis-
cuous buying by outsiders, who might IL
quidate on the smallest alarm, the fact
remains that the market closed steady at
a substantial rise for the day, in spite of
enormous foundations. Liverpool was
rampant after being phlegmatic for
many weeks, and it was Liverpool that set
the pace to-day. Not a few of the bulls
have liquidated of late and are waiting
for a reaction in order to take hold
New York, Sept. 27-Atwood. Violet &
Co. say of cotton: THE course OF the
Liverpool market to-day shows more con-
clusively even than the advance here how
European spinners have been welded to
the idea that a moderate crop, much less
a small one, was out of the question ana
having sold contracts ahead without pro-
tecting themselves with the actual cot
ton or by contracts, they are al the mercy
of 100000 estimates, while at the same
time the people who have grown this
crop, appreciating its value, present anG
prospective, are holding it for higher
prices. The effort to-day by those who
have been as sceptical about unfavorabie
crop conditions as our friends across the
water have been to try and create the i'm
preston that after sixty or ninety days
drought in Texas some rainfall in Texas
yesterday restored in twenty-four hours
the plant to its normal condition of vigor
and Liverpool will doubtless be favored
with many cables in the morning, and the
continent as WELL that a precipitation OF
one-fifth to one and one-quarter inches
will add many hundreds of thousands OF
bales to the yield in that state. There
can hardly be a doubt that the bureau re-
port on Oct. 10 will confirm fully all tina,
has been said about the deterioration In
the crop everywhere since Aug. 10, ana
il is confidently expected that the cond:-
ton will not exceed 81, or 10 points below
the last report. AS the worlds spinners