The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-12-08

mission houses held buying orders for
large quantities OF cotton, a prices slightly
below the market Reports from leading
Southern spot markets indicated well sus-
tanned interest on the part of exporters
with buyers for American mills also on
the alert. Manchester and Fan River ad-
vices were generally favorable. Indicating
continued, activity in the demand for
cloths and more or less OF the cotton
goods generally. These reports. in connec-
ton with the continued heavy foreign de-
mand for American cotton. led to great
caution on the part of shorts, But the pub
lie or outside traders were not aggressive,
and the market reflected a disposition to
wait for further developments regarding
the comparative volume of export pur-
chasos and receipts. In the afternoon hest
tation was particularly marked while thc
undertone of the market was weak. At the
close the market was officially called
steady with prices one point higher to four
points net lower
New York Dec. Z. noon.-Cotton futures
opened quiet; December, size: January
5.44c' February, 5.45d; March, 5,45d; April
55Od; May. 5.54d; June, 55Sd; July, 562d:
August, 5,Gid; September. 5.6id October
s. cid.
4 p. MIXTURES closed steady; Deem
Der, 5.4Oc; January, 5.40c; February, 5.4Oc;
March, bic; April, 5.45c; May, 549c; June,
5.5Sc; July, 556c; August 5.59c; September,
5.61c; October 5.5Sc.
New Orleans Dec. 7.-Cotton futures
steady; December, 49Sc; January. 4.9Sq
499c; February, 5,O8df5 .05c; March, 5.oSG
5O9c; April, 5.13@5. 15c; May, 5l9d5. 2Oc /;
June, 52iu5 25c; July. 5.29Q5. soc; August,
5,2SG5. 29c; September, 5.25q5. &c; OCTOBER,
8 2Sc.
New York, Dec Paine, Murphy & Co.
say of cotton to-day: EARLY cables were
nearly half average lower, with spots I'M
changed. The opening here was to 3
points higher. which was followed by 1 TO
2 points further gain, but absolutely no
trading in the first hour, except in small
amounts
Closing Liverpool showed an advance of
about " point above yesterday, with spot
sales of 1900 bales, After the first hour s
trading the market became easier and
some realizing followed on reports Of bet
ter weather South, and the estimated
movement between now and Christmas. "
New York, Dec. Hubbard Bros. q Co.
say of cotton: 1.-THE feature to-day has
been the absence Of the active demand.
either from investors or spectators for
the distant deliveries. Several of the
largo houses are supporting January for
the purpose of bringing this market In line
with the primary points Untll recently
the trade expected there would be free
shipments of low grade of cotton here for
delivery, but II has not appeared showing
that either the amount OF low grades is
overestimated, or else they had been abb
sorbed by the continent at relatively high
er prices.
This absence of demand for the distant
deliveries at less than the cost of carry
ing cotton into the new crop is accepted
as evidence that the outs de interests are
not vet prepared to believe IN n reduc
ton in the acreage next season. LIVER
pool is relatively the best market to-day,
closing better than last evening without
effect upon prices here. Although the
trade here is unanimous in the belief that
no material decline can occur until we
know more of The effect OF the recent
bad weather upon the crops"