The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-03-30

e Cotton-The market was generally quiet
er during the past week, and in New York
prices about held up. although Liverpool
declined some 5-64d. Besides the fall in Liv-
erpool, most OF the features were more or
less OF depressing character The spot
sales IN Liverpool were smaller; the crop
movement showed an increase, and trade
reports IN this country were very unsatis-
Factory: There was talk of short time;
prices for dry goods were low, and some
big failures in the trade. Under the cir
cumstances the New York market was
sustained better than could have been eX-
pecleu- me support seemed to come from
buying by parties, who are impressed with
the very strong statistical position of the
article for spring and summer months. As
a matter of fact, while the receipts showed
an apparently considerable increase, the
receipts from plantations were only 10000
DaleS more than in 1898 The stock at all
American ports is only $4,000 bales, $4,000
less than at this time last year. Almost
any moderately strong combination could
corner the summer months. or If short
selling persists 10 any undue extent, those
months can corner themselves. For these
reasons II certainly seems the part of pru-
dence to go slow in selling short the
old crop positions, although il must be
admitted there is nothing very encourag-
ing in the outlook for the immediate flu
ture, unless Liverpool increases her daily
takings of spot cotton. Ultimately the
best chance for any material rise lies in
the present existence or future Great ton of
a considerable short interest. If this is
not already there IL will probably soon
be- for the commission houses continue to
be almost unanimously bearish. Among
other arguments, they urge the alleged
certainty" of a monster crop next year
Undoubtedly preparations are making for
very heavy acreage in cotton. but plant
ing and making are far from synonymous
terms. For instance, to go no farther. a
bad start may cause enough fields to be
abandoned to cut the acreage down to
normal proportions. Yet every advance
Will certainly bring out increased offerings
OF new crop deliveries, and these positions
are now selling higher than might have
been predicated on the expectations of the
coming production. Upon the whole the
pear TO justify differences between old and
new crop deliveries much wider than have
hitherto prevailed this season
Wheat-The market was quiet but with
some frmness, especially toward the end
of the week. The close is about 1jRc high
er. Influences have not been particularly
bullish, and the Improvement seems due
in part to manipulation. Exports have
been light while northwestern receipts
continue large, although authorities say
there will soon be a falling off, as the
present movement is mainly drawn from
interior elevators. We are now also close
upon the time for crop damage scares and
the prospects favor a more active market
from now on.
Provisions were quite weak early, but
made partial recovery later. Market
changes mostly followed the receipts and
prices of live hogs July ribs sold as low
as $3.50, but reacted to 1870 at the close.
1t is expected that the stock of ribs in
Chicago April l will be about 5000 900
tracts. Summer months at such prices
as now prevail have hitherto proven very
profitable investments.
William T. williams