The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-07-03
Daily Movements At interior rowns-

Daliy Movements at Interior Towns
Aususta-Steady; middling. IA; net re-
ce.pts, SO; sales. SS4; stock, 2,6OS.
Memphis-Firm; middling 7ss; net re-
$780,
st. Louis-Firm; middling, 7si net re-
celpts, II; gross. 146; sales 2; stock, II pa.
Clncinnati-Ftrm; middllng, rs; net re-
ceipts 50; gross, IS; sales, 800; stock, 1872.
Houston-Steady; middling, 75k; net re-
ceipts, So; gross, IS; sales, 6; stock, 1,24s
Loulsville-Quiet; middling, ~; net re-
ceipts, 165.
Exports of Cotton This Day
New Orleans-France 100; continent. g.,
594; coastwise SO.
Mobile-Coastwise $50.
Norfolk-Coastwise S69
Baltimore-Coastwise, 500.
New York-Contipent, $50; forwarded, SS5.
Iotal foreign exports from all ports this
day; To Great Britain, none; to France,
80; to the continent, 46l4.
Total foreign exports from all ports thus
far this week; To Great Britain, 6O45; to
france, 4,249; to the continent, 1888.
Total foreign exports since Sept. l. 1896:
To Great Britain. 1856, 159; to France, $780,,
46; to the continent, 2,109,50l.
Liverpool, July 2, p. m.-Cotton, spot
good business done; prices higher; Ameri-
can middling, fair, 45sd; good middling,
1 n-S2d; middling, 7-32d; low middling
I o-oSds SOOu URINARY 0l-O6u1 ordinary
) 25-S2d. The sales of the day were 1000
oaes, of which 1900 were for speculation
and export and included II 900 American;
receipts, 11000, all American.
Futures opened firm, with a moderate
demand, and closed barely steady at the
advance; July 4.12d sellers; July-August,
tl0Q4.l1d August-September. 407d sellers.
September-O October. 4.O1d; October-Novem
Der BOD sellers; acknowledgements 3.57
035Sd; December-January, 3.o5d buyers;
January-February, 3.56d buyers; Febru
ary-March, 3.o613 SD; March-April, $3.50
Esd; April-May, S.5Sd3.59d buyers.
New York, July 2.-The cotton market
opened steady at an advance of 2d4
points after which there was a sharp col
apse, with prices finally 2 points lower to
points higher as compared with yester-
lays close. The market closed barely
eady. Business was more active than il
has been for some weeks, sales footing up
$500 bales. The early rise was due to
unexpected ST. bility at Liverpool as
shown by to-day's cables. supplemented
by conflicting reports from the cotton
belt, many of them reporting excessive
heat and prOtracted drought. This led to
covering. in addition to this there was
considerable buying on the belief that fol-
owing he 4th, business. in a general way,
would broaden. The market for spot con-
tinued to hold a strong relation to the
uture list on an active demand from
aorthern spinners. with some further in
curry from northern mills.
New York, July 2, noon.-Cotton futures
opened steady at the advance; sales, II, 500;
January, Else; February, 720c; March,
7.25c; July, lac; August 745c; Septem-
Der 730c October, zl5c; November. 7.12c;
December. 7.l5c.
New York, July ?, noon.-Cotton futures
closed barely steady; sales, $4,000 bales;
January, 716c; February, loo; March,
7.23c; April, 7.27c; July, 7.4Sc; August 7.4ic;
September. 727c; October 713c; November,
i.l0c; December, 7.lSc.
New York, July 2.-The cotton. coffee
and produce exchanges here will be clos
d tomorrow and Monday.
New Orleans. July 2.-Cotton futures
closed bareiy steady; sales, $4,000 bales;
July, 7.6O@1.S5c; August, 1891 .20c; Sep
tember, 7.0Od701c; October, 6.S4Q6S5c; No.
yember, 666a6.S SIC; December, 6. S9616 soc;
January 6.93Q6.95c February, $685. CSC;
March, 7.O0Q702c.
New York. July 2.-Riordan & Co. say
Of cotton: The cotton market has turned
another summersault during the week just
ended, and this time prices have gone up
sharply. The advance has been remark
able in that it seems to have been brought
about largely by sentiment. Those who
had sold cotton short on the universally
favorable reports from the fields, found
that owing to the strength of spots, no
one was willing to supply then at profit
and became uneasy. Then, at the first
sign of dry weather in the south, regard
less of the fact that few claims of dam
age to the crop have yet been made, or
that the rainfall for June was ample as
compared with other large crop years, or
that the cry a short time previous had
been for forcing weather. became alarmed
and We'd with each other in their eager
ness "a cover up their lines.
To-day the market was one of general
liquidation, previous to the holidays. For
the time during this week there seemed
to be plenty of sellers of cotton. Liver
pool cabed a very good dispatch this
morning. and our opening was 2 to 5
points higher. The market huctuated fire.
quently during the day as orders were
received and closed practically unchanged
from last night Liverpool sold heavily
here August opened at 7.i5c, advanced to
750c declined to 743c, again ran up to
l9c, eased off to 7.44c, and closed at that
Azure, with the tone of the market bare
" steady.
"Ihe extent Of the advance owing to
the tenor of our crop advices, has been a
surprise to us. The immediate future
course OF prices will depend upon the
weather The short interest mas been al
most completely eliminated, and real
drought, and not the apprehension Of one.
Will De necessary, we thluh' 10 SUSTAIN
prices. Seven and a quarter cents for
January should. with fair crop reports,
attract many sellers, especially as Au-
gust contracts can be bought at less than
7Dc, in spite of the exceedingly small
stocks everywhere. The bulls. however,
flushed with success are loud in claiming
that the little panic among the shorts has
only FASTENED what was sure to come In
time. and that a scramble for cotton early
in the season Is inevitable and will send
us higher. regardless OF the final outturn
OF the crop"
WEEKLY COTTON REPORTS.
Movement at the Ports