The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-12-20

on quite sharply, and spot further eased
on l-S2d while the crop movement showed
surprising volume Oakng into consider
aNon the recent bad weather.. The open
ing was barely steady with prices points
lower tc ! point higher.
except for an occasional slight rally on
covering for profits by less confident
snorts, THE tendency of prices was steadi-
" Downward, with light liquidation and
sellhg Tor southern and foreign account.
some od the stronger bears directed their
erorts against january, March and May
deliveries which led in the decline. Tho
iale raar1ct was adversely influenced by
oHield estimates for another heavy move
tnent at both the ports and interior towns
to-ntorrow and claims that the English
market would open weak Important
drawbacks 60 the accumulation of heavy
stort interests We're reports of continued
sTengtE and activity in Southern spot
markets, Increased demand and advancing
prices in New England print cloths mar
ket. as well as the dry goods trade gen
erally the official reports Of wet weather
pretty much over the entire cotton belt.
The bull faction derived some comfort
from the fact that Wall street held firm
~ 10 recent purchases and bought quietly
all through the decline Reliable parties
al Liverpool ascribed the weakness in that
market TO estimates for heavy receipts i'm
the South summary of dispatches from
the South developed The fact that eentL-
ment was bullishly inclined, largely on ac-
count of the fevorishness OF American
spinners and exporters TO secure the me-
dunn grades of spot cotton, In some in
stances almost regardless of prices The
heavy purchases Of the latter class of buy
ers y romlsed TO result in enormous clear
ances, which already have been of such
pre- portions as 20 cause considerable com
ment After a brief furry of activity az
the close, during which prices sagged the
market finished the day steady In tone at
a net loss of 2a7 points.
New York, Dec. 19.-Noon.-Couon flu
lures opened barely steady. December,
5000; January, 552c; February, 5i9c:
5.63c July, 5.G6c; August, SHE septem-
Der, Soc, October, 5G5c.
p. MIXTURES closed steady Deem
Der, 5.45c; January 5.4Gc; February, $40;
March, 5 SOC; April, 5.53c; May. 5.57c; June,
5.60c; July, 5.GSc August, 5.G6c; Septem-
Der, 5.62c; October .63c
New Orleans Dec. 19-Cotton futures
closed steady; December 5O0c bid: Jan
uary, 5.O2a5,O3c; February, 5.09@5 l0c;
March. 518d5l4c; April. 5.18d519c: May
5.23Q52lc; june 5.2Sa5 29c; July, 5,32d53ic;
August, 5.S6a5.3ic; September. 5,25c bid:
October, Sic bid
New York Dec. 19-Paine, Murphy g..
Co. say of cotton: THE disposition at Liv-
erpool this morning favored lower prices
and the market for futures. was Y to /
point lower, with spots 1-32d lower. The
first cali here was around Saturdays clos
ing with the offerings on a larger scale
than for some time and the Offering con-
tinued better than the buying. and the
ports showed liberal receipts which
brought out considerable realizing. The de-
cline continued until the last hour, and
49, g. 4.
the market prices would have sold lower.
Late reports from Southern points show
cooler weather, and drizzllng rains. This
gave some stimulus to late trading which
however, was narrow and cautious. The
majority of commission houses are stiIl
buliish, but admit that IL is conservative
to look for some lower prices before the
holidays. providing the weather does not
prohibit movement of cotton almost
wholly"
New York, Dec. 10.-IIubbard Bros. e.
Co. say OF cotton: Liverpool feels the
pressure resulting from the accumulation
of large stoci md partial withdrawal
of the Manches-,r spinners, who having
bought large quantities of cotton, are now
willing to look on here. The decline
abroad was unexpected and there has been
slow liquidation largely for South ac-
count. The local trade regard the weak
ness as due solely to the disposition TO
even up accounts before the holidays, as
cribinS the movement to the same ten
dency throughout the South.
wall street houses who have been large
buyers of late, have not parted with their
recent purchases. Rainy weather through
out the cotton belt yesterday and to-day
was the main factor supporting prices.
The Southern spot markets are reported
easier, and as New York is relatively
higher than Liverpool, cotton is now point
ing to this market"