The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-02-12
COTTON.

1t was an eventful week in the local
cotton market. Although transactions
were limited, it was not the fault of a
slow demand. On the other hand, there
was a strong request from exporters at
the advancing values, but factors prefer
red to hold their stocks for a further rise.
A feature of the week was the record
ing of over 100000 bales received since
Sept. 1, 1897. This amount was reached
Thursday, and 1t is expected that the re-
ceipts Will continue in fair volume for
some time to come, in which case, it Will
not be long before the receipts of 1S90-91,
the banner year. will be eclpsed.
There was material advance in the
price of cotton. On Saturday the market
advanced lie cent on all grades, mid
ding being quoted at 5A cents The re-
ported sales were 296 bales Monday there
was another advance of 1-16 cent with
sales of 500 bales. Tuesday there was
further advance of * cent, middling being
bulletined at 7-16 cents, with sales of 534
bales, and the tone firm. Wednesday the
price rose Is cent, carrying middling up
to GIG cents. The reported sales were
Al bales. Thursday the market remained
steady and unchanged, with sales of 22S
bales. To-day the market was quiet and
unchanged with sales of 132 bales of
which bales were reported at the first
call at the Cotton Exchange and 1923 bales
at the mld-day call. There were no sales
reported at the closing of the market
The following were the official spot no
tations, at the close of the market at the
Cotton Exchange, to-day:
Good mtddllng .........................57
Mlddlng .....'......s............... 9-16
Low middling ...........................5A
Good ordinary ...........-...............4 1915
Market quiet; sales, spot, 1872; f. o. b.
1900. For the week, spot, 2,4O2; f. o. b.,
1850.
Receipts-The receipts of cotton at this
port from all sources for the past week
were 20626 bales upland and $50 bags sea
island, against i. 23O upland and 1895 bags
sea island last week.
The particulars of the receipts were as
follows: Per Central Railway, 1864 bales;
per Savannah, Florida and Western Rail-
road, 1862 bales: per Charleston and Sa-
yannah Railroad 81 bales; per South
Bound Railroad, S61 bales; per Florida Cen
trail and PeninsulaT Railroad, 272 bales per
Georgia and Alabama Railroad, APO bales;
per Savannah river steamers, 81 bales; per
Beaufort steamer, bales.
Exports-The exports for the past week
were 25,S3S bales upland and 3.l64 bags sea
island, moving as follows: To Baltimore,
1879 bales uplandi 70 New York 7,7S1 bales
upland and 1853 bales sea island; to Bos-
ton, 2,4s4 bales upland, and 800 bales sea is.
land; to Charleston, 301 bales sea island: TO
Bremen, 1898 bales upland, and 7O5 bales
sea island; to Hamburg, 1916 bales upland.
Stock-The stock on hand and on ship
board to-day were S7,5S bales upland and
2O,309 bales sea island, against SO 1914 bales
upland and 2l,l7S bales sea island at the
corresponding time last year.
Sea Island Cotton-The market during
the early part of the week was quiet. with
limited sales. During the past few days
however, sales were consummated
amounting TO 2,247 bales. The receipts were
exceptionally large, but these were swoll-
en- by two shipments of cotton that had
been held at points in Southern Georgia.
The local receipts were comparatively
light. The market closes quiet and
steady at the following unchanged quota
tons:
Extra choice Floridas .............14 ais
Choice Florldas ....................13Ik