The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-11-25


4l5d; December-January. 4.Osd; January
February, 4OSd; February-March 4oS5.
Mareh-April, April-May, 4O7d: May-Juue,
June-July, 4OSd, July-August, 4O9d. fu
lures quiet at the decline
p. MIXTURES cioseci quiet at the de-
cine; American middlhng, low middling
clause, November. 4.14G4. 15d, BUYERS: No
EemDer-Deeember, 4lOq4-1ld; December
J January, 4.0Sd, buyers; ia nuary- February,
4-U7d, buyers; February-Ai,arch. 4O664. 07d
buyers; March-April 406pD40Td, BUYERS .
April-May, ACID, sellers; lNay-June. 4O7T
40Sd, sellers; June-July. 4OSd, sellers:
July-August. 40Sd4.O9d, sellers: August
september, nothing quoted.
New York. Nov. "a, Noon.-Cotton fu-
lures opened steady, at the decline; No
vember, 1900; December, 1880; January,
I4Sc; February, 750c; March, 1850: April
1850; May, 7.65c.
New York, Nov a. p. m.-Cotton fu
lures closed firm; sales, 21O,500 bales; NO
vember, 745c; December, 746c; January.
I55c; February, 762c; March, 7.6Sc; April,
7.7Sc; May, 7.7Sc; June, isle; July, 7.s4c,
August, 7S6c.
New Orleans, Nov. 24-Cntton futures
steady; sales, $4,000; December, -; Janu-
airy, February 7.34c; March, 7.42c; April
7.4lc; May, 1889; June, 7.57e,
New York, Nov. A.-Rior1an &. Co. saw
OF cotton to-day: There was a rather
The opening was lower with January al
1.43c and there was little change in prices
during the forenoon, the enormous re-
celpts checking every effort to advance
values But in the afternoon kilograms
from New Orleans predicting a lighter
movement next week led to short cover
lngs and prices quickly hardened. Janu,
airy advanced to 7.56c, closing firm at the
highest of the day. 1t may be that the
Improvement will continue but we are not
sanguine of permanently higher market
until the drop in receipts shall have he
come fact and not mere anticipation
or prediction"
New York, Nov. 24.-The Sun saws of cot
ton: Futures opened to points lower
Out recovered the loss and advanced, clos
ing firm at a net Improvement of s to q
points, with sales of 100000 bales Dull and
easy Liverpool cables together with heavy
estimated receipts at the ports, induced
weak longs to liuuidate this morning at
the opening. Their offerings were quick
ly absorbed, however, and after a slight
decline prices rallied, recovered the loss
and advanced, dosing ffm at about
the highest figures of the day Liverpool
was good buyer here, and local shorts
covered, while New Orleans also bought.
There was considerable new buying here
The southern spot markets were steady.
and the estimate for New Orleans to-
morrow was moderate. kilograms were
received from the south this afternoon
stating that the interior movement will
show a decided falling off after this week"
New York. Nov. A-What Silshy & Co.
say of cottoni Liverpool spot cables
came quiet at the opening this morning
with prices unchanged, and futures opened
at a decline of II point from yesterday s
closing prices, and closed steady at the
opening figures. Our market opened to 5
points under yesterdays close, owing to
the enormous receipts, but good buying
Immediately followed, which caused the
market to advance steady throughout the
day, closing at a net gain of ID points
Although the receipts continued heavy to-
day, the advance in prices shows plainly
that they have lost their depressing infiu-
ence upon the market Yesterday we stat
ed that rock bottom had been reached.
To-day we are more than convinced that
our statement was true. 1t is reported that
Neil is about to lower his crop estimate.
Should this be correct, it will have a good
effect upon the market, as it has been
effected by his estimates during the entire
season. The present large receipts cannot
be used in forming correct crop estimates,
as the crop is being rushed to market from
all parts of the country, as the recent de-
cline, together with outstanding obliga-
lions, have caused the farmers to rush
their cotton to market"