The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-12-19
COTTON.

The market price or spot cotton dropped
10 the low water mark OF the season
Trring the past week, 61ac being quoted
an thursday The sales for the week
we're light There is a large quantity of
e,ots here which has not been sold. 1t
4 onnears that holders of cotton have been
4 leasing to sell on the declines, expecting
mai a reaction would take place, and on
each squirt in the demand they held their
stocks. expecting a further advance. This
has put the market in an unsettled posi-
ZION. and no one knows whether the heavy
receipts will continue at the ports to
increase the depression or a sudden let
nm Of the movement will create demand
and advance the price. 1t is confidently
expected by some that after the holidays
The movement will be greatly reduced. as
il is claimed that the heavy receipts at
present is due to the usual rush of Christ
mas cotton. The market to-day was bull
letined steady and unchanged at the
first cali at the Cotton Exchange, with
sales of l05 bales. AT the second call it
was advanced 1-16c, but no sales We're
reported The drop of 20 points in fu-
lures affected the local market, and it
closed steady at a loss of the early gain,
middling being quoted at 61z cents. The
sales at the close were 926 bales
The following were the official spot quo
tations, at the close of the market, at the
Cotton Exchange to-day:
Good middling ACKNOWLEDGEMENTS.
Middhng .............. 612
Low mddllnS ACKNOWLEDGEMENTS. 614
Market steady; sales1,0 31; for week 2,347.
Receipts-The receipts of cotton at his
port from all sources for the past week
we're. 49, 4O2 bales upland and 1915 bags
sea island against 1891 bales upland and
SSl5 bags sea island last year.
The particulars of the receipts were as
follows. Per Central railroad, 30, 100 bales;
per savannah, Florida and Western rail-
road S,593 bales: per Charleston and Sa-
vannah railroad, 1,270 bales; per South
Bound railroad, 294 bales; per Florida
Central and Peninsular railroad 1,19S
bales; per Georgia and Alabama railroad,
232l bales; per Savannah river steamers,
1874 bales; per carts, 45 bales; per Beaufort
steamers, bales.
Note-The receipts above include $3.50
bags sea island per various railroads and
81 bags per carts.
Exports-The exports for the past week
were IS, 21S bales upland and 1857 bags sea
is and moving as follows: To Baltimore,
1,79S bales upland and IFS bags sea island;
to New York, 5,Sl6 bales upland and 1906
bags sea island; to- Boston, 6,575 bales up
land and 2,75S bags sea island; to Phila-
delpha 422 bales upland and 100 bags sea
island; to Charleston, 125 bags sea island;
to Augusta, 144 bales upland.
Stocks-The stock on hand and on ship
board to-day were SO, 24S bales upland and
$3.50 bags sea island, against SS,0S2 bales
upland and 12,461 bags sea island at the
corresponding time last year.
Sea Island Cotton-The receipts for the
week were enormous, and caused the de-
mand TO drop off considerably and prices
somewhat Factors state that, in their
opinion, the crop will be marketed before
Jan l, and that although the total re-
ceipts now show. about 1900 bags more
than for the same time last year, the
grand total will fall short of last years
crop The market ruled quiet during the
week. The entire sales were S,2S5 bags,
which were made on basis of the follow
ing quotations: