The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-02-11
American. Receipts. 5000 bales, all Amer

lean.
Futures opened firm with fair demand
and closed firm; American middling, low
middling clause. February, 3.21d sellers;
February March, 3.21d sellers; March
April, 3.2id buyers; April-May, 3,2l03.22d
buyers; May-June, 322GI3.23d value; june
July, 3.2Sd buyers; July-August, S.2S13,24d
buyers; Acknowledgements, sad sellers;
September October, 324d buyers: October
November. 3.24a3, Esd sellers; November
December, S.25d sellers.
New York, Feb. 10.-To-day's cotton mar
ket was at different times steady, active
and irregular with encouraging indications
of broadening speculation. AS the early
cable reported an advance of 5-64d al
Liverpool and later cables a further
advance of 1-64d, our market on the first
cal started at an advance of 4f7 points,
but the Improvement tapered off as the
later months were reached and the OPEN
ing call finished with the advance Teduc-
ed 10 10f2 points on the more remote de-
liveries. This reaction was the result of
numerous later cables from the English
market. Before noon all the advance was
lost. Still later Liverpool market showed
renewed signs of great strength and ac-
tivity with the market firm and a net
gain of 51sQ5-64d Our market responded.
but not without frequent and erratic
fluctuations in prices.
The break at LIVERPOOL after the OPEN
ing advance in the market was the result
of an effort to weaken the markets in
this country in order TO make a better
buying basis. Meeting with stubborn OPP
position the foreigners changed front and
bought heavily in their own markets and
throughout this country as well, causing
exceptional activity and creating a very
nervous feeling. Investment buyers were
also encouraged by favorable reports from
the dry goods market and New England,
also by advices from the South claiming
that exporters We're not only trying to buy
in the larger markets, but were invading
interior localities more deeply than ever
before in search OF supplies. The close
was steady at a net loss of 5a6 points.
Total sales of futures were 10000.
New York, Feb. 10, noon.--Cotton futures
opened steady; sales, 20, 500; February, 6.06c;
March, 6,0Sc; April, 6.12c; May else; June,
616c; July, 6.19c; August and September
and October 6.22c; November, 6.23c.
New York, Feb. 10, p. MIXTURES
closed steady; sales, 400 bales; Febru-
airy, $3.50; March, 599e; April 6.02c; May,
6.06c; June, 6.0sc July, 6.13c; August, 6.l6c;
September, 6.16c; October, 616c; November,
6.16c
New Orleans, Feb. 10.-Cotton futures
steady; sales. 75,7O0; February nominal;
March, 5.5995.e0c; April, 5.64d5.65c; May,
5.691570c; June, 5.74Q575c; July, 5.7SQ5.s0c;
August, 5.Siql5 SEC; September 5.s3qo.S5c;
October, 5.S7Q5,S9c.
view AOTkt rep. lU.-klOrdan d co, say
of cotton to-day: every spirited trading.
large liquidation and somewhat lower
prices were the features of the cotton
market to-day. Liverpool did everything
this morning that the bulls could have
asked Spot prices were higher and the
contract market advanced five and one
half sixty-fourths. This report affected
our market favorably and prices here
opened from 10 s points higher. Very
heavy selling by some prominent local
bulls prevented greater buoyancy at the
opening. After thF opening a declining
tendency developed owing TO general IL
quotation, and although this was broken
by rally during the morning, the net re-
suit of the days trading was a 6-polnt de-
cline. The bears and those bulls who had
sold out used their efforts to depress
The market at the close. May opened at
6.15c dropped to 607c, rallied to else and
then declined to 607c, closing at 6.06c to
6.07c, with the tone Of the market steady.
Southern markets were firm and in most
instances higher. Although we hardly
think the advance justified and that the
short interest has been practically elm
mated speculation is broadening and it
might be well TO use caution in short
sales"