The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-11-11

ket was very steady. with prices 2d3
points higher. following an unexpected
Improvement in both spot and future cot
ton al Liverpool. a builish weather re-
port and statements from many of the
Southern spot cotton markets to the effect
that exporters were being obliged to pay
l-l6c 10 isc better prices for the medium
grades with offerings light. even at the
advance. Then, too, there We're quite gem
erous buying orders in hand from promi-
nent New Orleans houses and Liverpool
firms. For "A time the market showed a
disposition to do better, but with the sat
isfaction of early orders and somewhat
conflicting subsequent English cables, re-
aizng set in on a small scale and the
early gain soon melted away. At midday
the government report was received show
ing an average yield of 2l9 pounds cotton
per acre. This figure was considerably
larger than the greater part of the trade
had anticipated and led TO a momentary
furry of liquidation and bear hammer
ing. Under this pressure prices further
broke to points and for the rest OF the
day the market showed very little recu-
perative energy. The scalping contingent
We're In control of the pit during the great
er>part of the afternoon, but were readily
influenced by late news from the cotton
belt and operated very sparingly. The
close was barely steady at net loss Of
4@7 points.
New York, Nov. 10, noon.-Cotton futures
opened steady at the advance;
December, 5.16c; January. 5.2Oc; Feb
ruary, 5.23c March, 52Sc; April 5.S2c;
May, 5.37e; June, sac; July, 5.45c; Aug
ust 5.47c; September. 55lc
New York, Nov. TO- 4 p. m.-
Futures closed barely steady; November,
SC; December, bose; January Size; Feb
ruary, 516c March, s. zoe; April 524c;
May, 5.2Sc; June 5S2c; July, 5.S5c; Aug
ust, 5.39c; September. $780, October, 5.42c.
New Orleans, Nov. 10-Cotton futures
steady; November 4,67c bid, December,
4.72a4.7Sc; January, 4.77d4. 7Sc; February,
4.S2q4 .s3c March. Aston SSc; April, 4 92a
4.9Sc; May 4.9Sq4.99c; June, 5.OSq5. Ole;
July, SOFAS. O9c.
New York. Nov. 1O.-Paine. Murphy &
Co. say of cotton: Liverpool responded
partially 70 the advance here, but wav-
cred, and finally closed shade lower but
one point advance from yesterday. Spot
sales were 1900 bales at 1-32d advance.
The opening here was strong at two 10
three points advance near last nights
closing, but after remaining steady until
the government report was announced, a
break followed, and considerable realizing
took place. The report shows an average
yield of 2l9 pounds lint per acre which is
above the previous years estimate. Esu-
mating on this the value OF crop win be
enhanced considerably. Activity followed
the report, but after a decline of to 6
points, the market became duh and closed
about the lowest for the day"
New York, Nov. 10.-Hubbard. Bros e.
Co. say OF cotton to-day: Our market
opened with a slight Improvement, ,lue to
the advance In Liverpool where good
business was reported In spot cotton. The
demand fell off after the opening and the
market grew dun In anticipation of the
bureau report. The yield reported as prob
able of 2l9 pounds to the acre brought in
selling orders from New Orleans and else
where, and prices declined in consequence.
The further estimate of the bureau Of
crop of 100000 bales, or Whereabouts.
was considered amusing. The estimate Of
2l9 pounds TO the acre compares with on
estimate of 1919 last year, which was
much under the actual outturn."