The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-10-02
COTTON.

There was a steady decline In the local
cotton market during the past week. Inc
cause of the decline is attributed to the
pressure of actual cotton and the absence
of buying power. The foreign market
showed no change in the sentiment that
the present crop will yield 10, 100000 bales,
and this together with the discouraging
outlook in the cotton goods trade, makes
sDinners careful and conservative in their
oDera TONS The mills at Manchester are
said to be working on a hand to mouth
basis The domestic spinners also are
slow to purchase more than their imme-
diate wants. The recent reports of dam
age to the crop seems to have had no
effect on the situation and prices have
steadily decreased
The Savannah market opened Saturday
at 6 cents as a basis for middlingi but at
the close lost LIE cent, the sales for the
day being 125. On Monday there was an
other decline of Lie cent, with sales of
1866 bales. Another decline of 1-16 cent
followed on Tuesday, when the sales were
2,52l bales. On Wednesday there was a
halt in the decline, and low middling and
good ordinary which were scarce, adj
yanced lie cent and Is cent respectively,
with sales of 1860 bales. Ano other decline
followed on Thursday, all grades declin
ing lie cent. This brought middling down
to 534 cents. The sales for the day we1e
1ld9 bales.
To-day there was a slight reaction, and
all grades were advanced 1-16 cent, the
sales for the day were only 617 bales At
the first call at the cotton exchange the
market was bulletined quiet at lie cent
advance, with sales Of 907 bales At the
second call it was quiet and unchanged
with sales of Is bales. At the last call
the market closed quiet and unchanged,
with further sales of Alb bales.
The following were the official spot quo
tations, at the close of the market, at the
Cotton Exchange to-day:
Good middling ACKNOWLEDGEMENTS 1-16
-hdulhS ...........................O 1916
Low middling ..........................5
boOd ordinary ........................ % 3-16
Market-Quiet; sales, 6l7; sales for the
week. 1888.
Receipts-The receipts of cotton at this
port from all sources for the past week
We're 0,l9S bales upland and 952 bags sea
island, against 32,51 bales upland and g.
$50 bags sea island last week.
The particulars of the receipts were as
follows: Per Central railway, 81, O39 bales;
per Savannah, Florida and Western rail-
way, 1858 bales; per Charleston and Sa-
4annah railroad, 1924 bales; per South
aound railroad. 754 bales; per Florida
central and Pennsular railroad, l0S7
pales per Georgia and Alabama railroad
''ttN9' pei odNdAlIldN river steamers,
LIi pales; per Beaufort steamers, bales;
per carts, IA bales.
EAporis-The exports for the past week
were 1906 bales upland and 255 bags sea
!slahd, moving as follows: To Baltimore,
Loo bales upland and no bags sea is
l4n4i to New York, 1907 bales upland and
-'' pags sea island; 10 the interior, Is bales
IIHaGdi 10 Bremen. 1882 bales upland; to
ii,'Auufg' 400 bales upland; to Genoa, ZAP
'AltS uD4UlQ. IN Rlrpnlnna | ha lae,,
land -''''' N''-e' "pG
H'oek-The stock on hand and on ship
uoard to-day were 64,647 bales upland and
80 hags sea island, against 72.Gi5 bales
ot1"u ana 1866 bags sea island At the
O9,Iesponding time asst year.
81 '5 island Cotton-The market is in
E,eIy sense of the word a waiting one.
It7 are waiting for stocks to offer,
5el9 are waiting for orders to buy ana
t''-eis are waiting until they use up
n.y." present stocks before making fur
H"Ithases. The market for the past
was very quiet, the sales being only
a. S913S' The receipts for the week were
49, against 1886 bags for the same
s. last year, and the total receipts
~ sept l We're 1851 bags, against 10 92s
~, same time last year The bust
orrn.,lS moving slowly, and although the
r..75 are limited, there does not an
o 9e an urgent demand The sales
Ga1s. o" basis of the following quota.
Cra,t eaoice Floridas, nominal. .f4lb
49, loridas, nominal .......13 all
Fg7c'. - u Floridas, nominal ....12h
Extra .t 7ids .l215GIl3
Choice CO CO Georgias ........... .12h@l2h
Extra fin. sias .''....f~...",...1 lA@12
Ill., r me Georgias .1OIb
BAGS lpts for the past week were 95e
last year ''00O o"ss tne same week
Of which POI IS for the week were 255 bags
10 D5rft,-o bags were 10 Liverpool and 285
ton. -'orts Tor domestic consump-
The ~ 5aine week last year, l.072 bags
''''' receipts from Sept. to date