The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-02-08


advance of to 10 points on the more active
positions. Liquidation caused partial
recession, but the market closed at net
gain of to points, and steady in tone,
The rise originated In strong cables, pub
lie and private, from Great Britain and the
continent, chiefly from Liverpool and
Manchester The spot sales in the Eng
llsh market reached 1900 bales and pri-
waite cables said that conditions at Man
chester were broadening. At the same
time the movement of cotton at the ports
was not up to the claims made by the
bears, and forecasts from the Southern
points of accumulation Favored the dea
of a moderate movement.
Southern spot markets were reported to
be generally active, with. American and
foreign spinners competing for supplies.
Exports showed continued tendency TO
overrun, and spot holders are showing an
arbitrary relation to the market. Further
advices from FAN River show a firmer
tendency in print cloths, and from the dry
goods centers are also of encouraging pur-
port.
New York, Feb Z, noon.-Futures opened
firm sales, 20400 bales; February, 5.S2c;
March, 5S6c; April. 5.92c; May, 5.96c; June
cole; July. 6,04c; August, 6.OSc; September
6.O7c; October, 6.0Sc; November. 612c.
New York, Feb Z, 4 D. motion futures
closed steady; sales, $500 bales. Febru-
airy, 5.S4c; Makch 5.SSc; April, 59lc; May
5.95c; June. IS =; July, sole; August, 6.O5c
September 6.O5c; October, 6O5c; Novem-
Der, SOC.
New Orleans. Feb. 7.-Cotton futures
steady; sales, 49, 200 bales; February, nomi-
nal; March, 5.4505.46; March and April,
5,49q5.51; May, 554d5.55; June. 5.5s@@0o;
July, 5.64G5.65; August, 5.69G5.1; Septem-
Der. 5.71@5.73; October, 5.74Q5.76.
New York. Feb. 7.--Riordah & Co. say
of cotton to-day Higher prices and
very welcome activity again prevailed in
the cotton market to-day. The confidence
of Southern holders and the strength of
those markets aroused Liverpool this
morning. Prices there advanced three
siXty-fourths and spot were higher, with
large sales. The opening here was quite
strong, prices ranging from to 10 points
above the close on Saturday. The bust
ness was broader than any we have seen
in many weeks. Shorts covered heavily,
and there was good buying by Liverpool,
Southern commission houses and the To-
cal bulls. A flood of liquidation on the
part of holders who had long awaited
such an opportunity to unload, however,
took the snap out of the market, and at
the end the opening advance was not
fully sustained. May opened at 5.96c, adj
vanced to $780, declined to 5.92c, rallied
to $500, and closed at 5,95 to 59Sc with
the tone of the market steady. The re-
cepts everywhere were large. The
strength of the market in the face of
the movement is inspiring confidence and
if general speculation follows prices may
advance further. But we hardly expect
much Improvement"
Cotton Movement Compared With 90
New Orleans, Feb. z-Secretary Hester's
analysis for the five months of the season
from Sept. to Jan. 81, inclusive, shows
that COMPARED with the. corresponding
movement OF 1895, Texas, including indian
Territory, has brought into sight this sea-
son in round figures 25s82S bales less,
while other Gulf states, which includes
Arkansas, Louisiana, Mississippi, Tennes-
see, Missouri and Oklahoma, have mar
keted 5l9 GIG bales more, and the group
of Atlantic states, which includes North
and South Carolina, Georgia, Florida, Ala
hama and Virginia, show an increase of
S62, 1874.
In other words, all of the states out
side of Texas and Indian Territory have
increased over the big crop year, 1871, 7S0
bales. against a decrease for Texas and
the Indian Territory of 25S ,S2S leaving
net increase in the total crop marketed
622. 957.
Mr.. Hester shows the amount brought
into sight by groups of states for the five
months of this season as follows: Texas
and Indian Territory, 2,52l,594 bales, an
increase over same time last year of CAS-
$50 bales, an increase over year before last
OF 1854, and decrease under 1895 of
25S,S23 bales.
Other Gulf states 2,sO97S2, an increase
over last year of 5oO.719, over year before
last of l,054,7lS, and over 1896 of SIS, 626.
Atlantic States, 3,3O5,96l bales, an in
crease over last year of 1851, 267, over year
before last of Loss l19 bales and over 1895
of 1862, 1854.
Total crop in sight at the close of Jan
uary, 1897 427 bales, an increase over last
year of 1,510,966 bales, over year before
last Of 3,00637S bales and over 1895 of CO.
$50 bales
After Jan. 81, 1895, the amount brought
into sight from Texas and Indian Terri
tory was 1854 bales; from other Gulf
states, 70e,937 bales, and from Atlantic
states, 6Sl,SO3 bales The groups of states
above furnished OF the total crop Texas.
and Indian Territory, last year. 2,24S 900
bales, and in 1895, 3,276,000 bales: other
Gun states, 2SSl,0o0 bales last year, and
100000 bales in 1895; Atlantic states. g.
1895. 0-''''' Jaws -