The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-02-21

however. there was a recession OF a few
points. and the close was steady, with
May at I-d6d7.11c- The reaction was only
natural OF the recent heavy decline. and
especially in view of the unweildly char
acter OF the short interest, but when the
SHINY margined shorts have covered. we
believe that the market viii be in a weaker
position than ever If Liverpool should
support the advance prices may 80 higher
buy
New York, Feb. 2O.-The Sun. in its re-
view OF cotton to-day, says: Cotton ad-
vanced L to IA points on this CROP and %
10 - on the next, but reacted slightly
ana closed steady, at a net rise Of ~ TO
IS points, with sales Of IS. 200 bales. To-
days features: The fickleness of fortune
made clear to those who imagined cotton
was TO decline without interruption. 1t
advanced materially to-day. owing to the
favorable foreign adVices and heavy COW
erlng OF shorts. as well as more or less
buying for long account Private Man
chester adVices were favorable, reporting
better business, owing TO the rise in
indian exchange. Here in New York Weld
* %. were large buyers, taking at least
11,UJO bales for May. August, October, and
the same firm was said to be buying freely
IN Liverpool. Price. Mccormick & Co.
were also good buyers. lnman, Swami &
Co. are said 10 have bought, and so it Is
understood did McFadden & Co. of Phila-
delphia- Liverpool and the continent
bought here 10 some extent, and New
orleans also sent buying orders. MOhr,
Hahneman & Co, r.. Sfedenberg & Co,
ana other German houses buying, presum-
abiy Tor short account. The receipts at
Houston and Memphis were small, and the
Houston estimate for tomorrow was quite
light. A considerable amount Of purchases
OF fertilizer in South Carolina and North
Carolina recently, are said to be for To-
bacco, and not for cotton The south Of
tered cotton here less freely. Il Liver
pool continues firm, the rank and file here
VIII work on the bull side. The specula-
tive atmosphere is clarified, however, and
the generality of the operators are Of the
opinion that cotton will do better"
DRY GOODS.
New York, Feb. 2O.-In the dry goods
market the reports which are coming in
from 1obbers are an encouraging feature
IN the situation just now. They leave no
second hands is in progress, and although
this finds a modified reflection in the bust
ness doing at first hands at the moment, IL
holds out promise OF an improved general
demand in the near future. To-day's bust
ness has shown some increase in both
staple cottons and in cotton dress fabrics
IN the former, chiefly in wide sheetings and
coarse goods, and in the latter in printed
Fabrics. There has been a moderate arri-
val OF buyers on the spot, but orders
through the mails have increased.
RICE.
Market quiet; common. &c: fair. 2jaG
Zs4c; good, 3AqSAc; prime 4Q4Ac; fancy
nead, 4144412c; rough, upland, per bushel,
Messrs. Dan Talmages Sons, New York
IN their weekly review states: THE en-
couraging features heretofore reported
continue to prevail in domestic sorts and
market rules in sellers favor While the
better grades are by no means neglect
ed, the call for common to fair is Visihly
enlarged. Rice is rice, and off grade Just
as good for food as the best so long as
sound and clean. The styles referred to
are relatively lower than higher grades
which fact undoubtedly appeals to the
prudent consumer, with whom the price
tells, and he in turn telling the price helps
to enlarge custom thereon Advices from
the south note increased demand along
the Atlantic coast but fractional falling
away in New Orleans, because of scanty
supply and narrowing assortment. All
OF the mills at the latter point have clos
ed down, claiming there is no longer a
working margin between rough and clean
ed. Common to ordinary grades are adj
Xanced fun Ac and still tending upward
Foreign styles are quiet. AdVices from
dency. 1t would appear that rice has fin
ally freed itself from the depreciating in
fiuence of other breadstuffs and is about
to take an Independent start for higher
values. There are heavy shortages re-
ported from four large rice PRODUCING
countries, namely, Siam, Saigon, Japan
and Bengal. Some of these will scarce v
export any rice and may have to look to
neighboring centers for replenshing their
stocks for domestic requirements. Bur-
nah will, therefore, be the main source Of
supply, and the producers in that locality
are fully advised as to the importance Of
their position, and judging by past expert
ence Will not fail to make the best of it,