The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-09-03
savannah-Coastwise. 5ls.

ACKNOWLEDGEMENTS, 70.
New York-Forwarded, IS.
Total foreign exports from all ports this
DAY: To Great Britain, 1855.
Total foreign exports from all ports thus
Tar this week; To Great Britain, &c, III; TO
France, ~; TO the continent 2,562.
Total foreign exports since Sept. l, 1898:
To Great Britain, 1885,
Liverpool, Sept. 2-Cotton. spot. mosler-
ate demand; prices higher; American mid
dhng, fair, sgd good middling, 312d; mid
cling, n-S2d; low middling, Slid; good
ordinary, 1-S2d ordinary, 27-32d. The
safes OF the day were 5000 bales, of which
800 was for speculation and export and
included $500 bales American; receipts.
oUVO bales. Futures opened steady and
closed quiet; American middling, low mid
dang clause, September, slid buyers; Sep
tember-October, 3l1q3.12d buyers; Octo-
ber-Novembers S,lOd sellers; November-De-
cember 309d buyers; January,
SO9d buyers; January February, 5000 buy
ers; February March, 3.10d; sellers; March
April, 3.10Q311d buyers; April4NIay, 3I1a
Sl2d sellers; May-June, 312d buy ers; June
July, 313d sellers.
New York Sept. 2.-Opening steady
with prices one point lower to one point
higher, and with very few orders in sight
the cotton market soon turned quite weak
under renewed selling pressure, chiefly
from English and Southern sources. Lo-
cal shorts We're somewhat disposed TO COW
er, In view of the unsatisfactory purport
of the later news regarding the cotton
crop conditions and the effect of recent
abnormal rainfalls in Atlantic sections.
Following the opening call the market
ruled barely steady and by II noon show
ed a loss of 30D4 points. Subsequently the
market ruled quiet and without particu-
lar feature, receiving some support, how
ever, from buying by commission houses
and renewed covering; caution being slim
ulated by the continued light movement.
Al the weakest point of the day the mar
ket showed a net loss of 10 points;
at the close the decline was to points
with the market finally quiet in tone.
New York, Sept. 2, noon.-Cotton futures
opened steady; October, 5.61c; November.
5.64c; December, $3.50; January, 572c;
February, 576c; March, 5.79c; April. 5.S2c
May, 5.S6c: June, 5SSc.
p. MIXTURES closed quiet; September
$500; October, $500; November, 5.5Sc; De-
cember, 5.62c; January, 5.66c; February
soc; March, SAC; April 5.7Sc; May, 5.S1c;
July, 5.S4c.
New Orleans, Sept. 2-Cotton dull; Sep
TENDER, 519c; October, 5.2Od5. 21c Novem-
Der 5.2id525c; December, 5.2Sd5.29c jan
uary, 533d5.34c; February, 5.3S@5.97c;
March, 5.4Oq541c; April, 5.4305.44c; May,
5.46d5. 47c.
New York, Sept. 2-Hubbard Bros.
cotton letter says: THE demand in Liv-
erpool for immediate delivery did not con-
tinue the scale reported yesterday.
While our advices from the South report
no demand for prompt shipment from Eu-
rope this morning. From the Atlantic
slope they report that Texas is offering
on cheaper basis than purchases can be
made there. Many complaints are receiv-
ed by mail from the Atlantic section visi-
ted by the recent storm and it is intimated
that the coming bureau report will show
a sharp decline in conditions from the
August report from these sections. From
the rest of the cotton belt advices are
more favorable, and as the spinners are
disposed to anticipate a large crop, they
pay little attention to those reports of
damage.
Locally the trade covered freely yester-
day, and no new demand coming into
sight, the sales against Southern pur-
chases, by exporters, caused the loss of
the greater portion OF the advance Of
yesterday. Under such conditions the
feeling is one Of dependency amongst
the trade"
Savannah, Ca, Sept. 2.-Paine, Murphy
&. Co. say of cotton: Liverpool did not
respond sufficiently to our advance yes
terday TO please the bull contingent, who
have been so badly treated for the past
two months that they are afraid of a
shadow, consequently they all turned up
as anxious sellers this morning With
very little support. The market declined
very easily to yesterdays low figures,
January selling at 5.66c again.
Although considerable crop damage
news is steadily coming to hand, the mills
are generally well stocked with last years
cotton, and with an expected large yield
this year, they are loath to accept any
nearby cotton.
Until something turns up" the mar
ket win likely remain around the present
level taking no decided turn either way"