The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-07-10

I1OuSNOd-NSQiSNs 4l-ioCs net
receipts. 50; gross, 50; stock, LOIS.
Louisville-Quet; middling, 73zc; stock,
1874
Exports of Cotton This Day
Observation-Disclosures, IS.
New Orieans-CoastWise 203
OBSERVATION-DISCLOSURES, III.
Baltimore-To Great Britain, 5; to the
continent, SS5; coastwise, 500.
New York-To Great Britain, $50; to the
continent, 75S; forwarded, 202.
Boston-Coastwise, AS.
Philadelphia-To Great Britain, 259.
Total foreign exports from all ports this
day: To Great Britain, 1904; to the con-
tinent, 1888.
Total foreign exports from all ports thus
far this week: To Great Britain, 1854; to
France, 1,245; to the continent. 5l46
Total foreign exports since Sept /, 1896:
To Great Britain, $780, s53: to France, $685.
091; to the continent. 2,114,647
Liverpool. July 9. 4 p. m.-Cotton, spot,
fair demand. prices unchanged; American
middling, 47-S2d; the sales of the day
were 10000 bales, of which 5000 bales we're
for speculation and export and including
$500 bales American; receipts, 1900 bales
including 2,400 American. Futures opened
quiet, with a moderate demand, and closed
barely steady at the decline: American
middling, low middling clause, July, 4100
4.11c sellers; July-August, 409c; August
September, 4.059406d; September-Octobe
I'D value; October-November, 3.60d; No
vember-December. 3.57G3.5Sd sellers; De-
cember-January, 3.56d; January-February,
S.56d value; February March. 3.56@S.57d;
March-April, 357Q3.5Sd sellers; April-May,
3.5Sd359d sellers.
New York. July 9.-The cotton market
opened steady with prices lower by three
points and further declined 5@12 points,
subsequently ruling irregular, with the di-
sively by the weather news. The early
weakness was partly due to unsatisfactory
English advices, which, while showing a
good demand from Manchester and con-
tinental spinners, was not up to the mar
kets to futures. Locally the market was
very nervous and easily influenced by
weather and crop news from whatever
source, but particularly from the south
west. The publication of the weather bull
letin showing showers in certain points of
Texas and also at several points along the
Atlantic coast, led to considerable realiz-
ing The entire scope of the fluctuations
was II points on the more active position.
The market was finally barely steady at a
net decline of Sd12 points.
New York, July 8, noon.-Cotton futures
opened steady; sales, 200 bales; January,
7.17c; February, 7.20c; March, 1880; Au-
gust, 7.40c; September, 1860; October, 7.16c;
November. lille; December. 714c.
New York. July ., p. m.-Cot-
ton futures closed barely steady:
sales, 127, 800 bales; January 7.OSc; Feb
ruary, Tile; March, 7.15c; April, 7.1Sc:
July, 7.34c; August, 7S4c; September, 7.1Sc;
October, 7.O6c; November, 702c; December,
705c.
New Orleans, July 9-Cotton futures
quiet and steady; sales, $500 bales; July
7.75d7T; August, 7.27@72S; September,
6.90q6.91c; October 6.76@6.77c; November,
. Hnr= m ~
6.S5G6.S7c; February, 6SSg6.9Oc; March,
1906 &c.
New York, July 9.-Riordan & Co. say
of cotton to-day: Good rains in South
Carolina and Georgia and light showers
at three points in Texas and one in Ar
kansas precipItated considerable liquida-
ton in the cotton market to-day and a
sharp decline resulted Liverpool this
morning was one and one half points low
er. Our market, also, opened a shade low
er, August selling on the first call at 740c,
The temper here was still bullish, however,
and although Liverpool cabled heavy SELL
ing orders, they were readily absorbed
and the market became firm, August adj
vancing 60 7.45c. The weather report show
ing the rain fall was posted when the mar
ket was almost at its best. The local trad
ers then tumbled over themselves to I'M
load their holdings. New Orleans sold
heavily and an eleven point break fol-
lowed quickly. August touched 7.34c. The
light nature of the rain in Texas caused
some change in the sentiment and the bulk
of the decline was recovered only, how
ever, to be again lost in the last half hour
under heavy selling by a large operator.
who bought freely in the afternoon. The
market closed barely steady with 7.34c bid
for August With the Chronicle and the
bureau report for tomorrow, the session
should be lively. We do not think the crop
has been materially hurt so far"