The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-08-26

ordinary, SD FUTURES. August. 4 29f
sellers Augusl-Septemhe { "a hflv-~z-
September-OctOber. 4lsd buyers. October
November. AID buyers: Nsvember-Decem-
Der, 4.l504l6d buyers; ber-Jantlarv
4.15d4 led buyer; anuzry-Tebr71arv AKA
4-l6d buyers; February-Ma-ch. 4Isd buy
ers; March-April. 416G4l5d buyers. April
May. AID buyers; May-June. 4lsd sellers.
futures closed steady.
New York. Aug 25.-Noon-Cotton fu-
lures opened firm. August. s 10. Sf-pteu-
Der. soc; October. sole; November. sole.
December. s-05c; January. S.osc
New York, Aug. .. p. motion fu-
lures closed barely steady; August. S05c;
September, 1880; October. Se1c. Novem-
Der, 1866; December. S.0oc; January. sO4c:
February, 8.06c; March. She April. = 17c.
May, sic. Sales 2l49o0 bales.
New York, Aug. 25.-RiOrian & Co. say
Of cotton: THE struggle between the
bulls and the bears to-day was a lively
one. and the result might be called 4
drawn battle Liverpool was again low.
though, to please the bears. and January.
after opening at S0Sc. advanced to Sl2c.
then upon reports 0f more rains I'm The
southwest January suddenly declined TO
7.9Tc. Again the price rallied TO soc. and
after many intermediate fuctuau tons.
closed at s.OiqS.05c, with the tone barely
steady.
south and of the avalanche of new cotton
which is already pressing upon the mar
kets. They point to the inability Of the
mills to buy cotton when they cannot sell
goods even at very low price, and they
urge that the business outlook is too
dark TO justify the hope that the present
price of cotton can be sustained.
Against all this the bulls can only de-
clare their BELIEF that the drought has
half ruined the crop; that the rains have
come too late TO repair any but a small
part of the damage; that when the rush
of early receipts is over the world will
find out quickly enough how little cotton
Is left. and that the lower the prices are
hammered the greater viii be the re-
bound later in the fall.
we are inclined to agree with the bull
view of the case"
New York. Aug. 25.-The New York Sun
says of cotton: Cotton advanced to 9
points, reacted and declined to points
but rallied and closed steady with prices
unchanged to points higher. The total
sales were 214.90O bales.
''To-days features: The speculation on
to-day was less than for some time past.
and the fluctuations in prices We're con-
fined within a comparatively narrow
range. At first there was an advance in
response to a rally in the Liverpool mar
ket after a weaker option there but sub
sequently the improvement was lost on
further rains in the south, and later re-
action in Liverpool. Scalpers took profits
on the rise and contributed TO the weak
ness. Europe sold, and the south both
bought and sold. Still later however,
prices rallied and recovered the loss. The
precipitation in Texas and Arkansas was
very light, and warmer weather is pre-
dicted. The weekly weather report was
expected to be bullish, and it was report
ed that considerable cotton had been
taken for account of the prominent oper-
ator'
THE movement of new cotton continues
liberal, spot markets in this country are
but a satisfactory condition. But at the
moment it is entirely weather market