The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-10-06
T. F. JOHNSON,
BROKER AND COMMISSION MERCHANT,
Cotton, Stocks, Grain and Provisions
The only house In savannah con-
nected by private wire with
New York, New Orleans
and Chicago.
CORRESPONDENCE SOLICITED.
Orders Executed in From 8 to 5
Minutes.
Roo65. 2 and 4 PTOVidelt Building.

ROOMS, uhu iVfluNht buiuAh6'
s.Sie. and as high as 914c. This morning
Liverpool declined three siXty-tOurths, but,
though our market opened a few points
lower, there was a quick recovery, and
the undertone was good from the open
ing 10 the close. The nrst sale OF January
was al 6.S5c, but this was the lowest Of
the day, and after two hours Of nervous
fluctuations within narrow limits, the
market closed steady, with 9.OZc bid for
January. The receipts for the last few
days have been so liberal that, under ordi-
nary circumstances, the bulls would have
been seriously alarmed. But the belief is
gaining ground that the crop, whatever
" Is going TO be-. Is already made, and
tnat the nigh prices have caused II TO
Dc fusned TO market with unusual rapldlty.
II this view be correct, sudden and per-
pendicular drop in the receipts as, COM
pared with those of last season, IS sure
10 come before January; and IL IS this eX
pectdtOn that strengthens the confidence
of the bulls. Besides the reports coming
IN from the cotton fields are daily grow
ing worse, while the speculative interest
in cotton is constantly increasing, and
the condition of the trade both here and
abroad continues to be active and encour-
aging. The bears, after their experience
OF the August and September reports of
the agricultural bureau, have a whole
some dread OF the forthcoming October re-
port, which VIII be issued on Thursday
next. 1t is generally expected that the
average condition, which was lose last
month, and sic in October OF last year,
WI hardly be above IS, and perhaps low
er. While we look for the nervous ifiuc-
tuauons that have marked the trading OF
the past week to continue through the
month, we incline to the opinion that the
general tendency Of cotton Will be toward
higher prices"
New York, Oct 5-The Sun in its review
of to-day's cotton market. says: Cotton
fell to points. but rallied and closed
steady, with a net loss for the day of
/ to points, with sales Of 1850 bales.
Liverpool declined 1-l6d on the spot and
21A to 3 points for future delivery. Clos
ing steady spot sales of 5000 bales. New
orleans declined points, and then recov-
cred half of this.
"To-day's Features-Prices receded for
a time, owing to decline in Liverpool,
where prices were depressed by a compar
atively liberal crop movement in this
country, as was explained in private ca
bles. Then again Liverpool, the continent
and the south, as well as local operators
history repeated itself" That is to say,
the market encountered a lot of buying
orders, as II has so often in the past, and
the erect was TO put prices back to about
the closing figures OF last night Local
and southern operators bought, and local
bears also covered to some extent, OWNS
TO an apprehension that the bureau re-
port may be very bullish. Another i'm
portant factor to-day was the estimate
by the state commissioners of Texas that
the crop in that state Is only half as large
as that Of last year This is considered
an extreme of the case by many who be-
lteve that the Texas crop is undoubtedly
Qf influence, and undoubtedly contributed
VERY materially to the rally which took
place before the close. The bears are
easily frightened, although they contend
that the receipts are likely to be pretty
heavy during this month, and may cause
not little depression in prices. Cotton
mas friends however, who buy on every
good break. and who maintain that the
bull campaign has not eliminated by
any MEANS"
New York, Oct. 5.-Atwood Violet &.
Co.-"One of the bullish influences here
to-day was a telegram received from New
Orleans, reading as follows: The COM
missioner of agriculture of Texas officially
announced from Austin that since his last
circular radical change has occurred in
the crop, showing a greatly diminished
production, due to long continued draught,
ravages Of boil and leaf worms, and that
1t IS his duty, states that he seriously
doubts II Texas win make 1,500, coo bales,
and that the total crop is not likely to ex-
coed 6,OQO,OOO. Our FAN River kilograms of
to-day reads as follows: Sales OF goods
tremendous, being 4Ol, 600 pieces for the
10000 to 5000. A letter from
Fan River of yesterday reads as
follow Print cloth markets ac-
tive and strong; sac bid for spots
Tor any delivery up to next July. We bid
that price to-day for contracts up to next
October. but could not tind seller.
Northern sptnners have taken to date,
since Sept. / l00,349 bales. against 14S 404
last year, which indicates that they are
losing no time in getting hold of as much
OF this crop at present prices, as they
can secure fearing further advance.
/ fheir takings for the week ending yester-
day We're 1885, against 36,6n last year. The
indications seem to be most favorable for
continued large and active demand at
advancing prices.