The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-01-10

vance of last week, cotton futures fur
Their improved to-day to y points, with
speculation more active and general than
IN many weeks. For a time around the
opening the bear faction stubbornly re
sisted efforts to work prices higher, but
they only succeeded in increasing their
obligations without retard ug the upward
course Of the market Covering greatly
increased, and on this demand together
with extensive Wall street and other in
Nestment buying, prices rapidly advanced.
moderate amount of buying orders also
put in an appearance from foreign and
southern sources and added not a little to
the better feeling all around. While the
short element had only a good weather
map 10 support their views the bull crowd
were backed up by strong English cables
a dWindling crop movement. stiffening spot
markets encouraging reports from dry
goods and cloth makers, complaints of
bad roads throughout the South and re-
ports that planters in the South had in
augurdted movement. the purpose of
which was to bring about a uniform re-
duclion in acreage this year. Later in
the day an official forecast for cold rains
from Texas 20 the Atlantic coast and estl-
mates for another small movement to-
morrow at the ports and interior towns
further strengthened the position of the
longs number of whom had shown
disposition to take the profits in sight
rather than hold out for the additional
gains which Leading bulls confidently
claimed would be scored in the immediate
future. After leverish last nalf hour
The market closed firm at a net rise of so
10 points
New York Jan. o. noon
Cotton futures opened steady at
the advance; January, 5.67c; Feb
2 Af,vH n.
May, 5.73c; June, sic; July, $50; Aug
ust, 5.SSc; September, 5.79c; October, 5.7Sc /;
November, Sic.
New York Jan. Q, p. M
Cotton futures closed firm; January,
5.72c; February. 56Sc; March, 5.72ci April,
5.7jc May, sec; June 5s3c; July, 5,S6c /;
August, 5.SSc; September, 5S4c; October,
5.Sic; November, 5.S4c; December, 5,s6c.
Spot cotton closed firm at an advance
of Lice; middling uplands, &c; middling
gulf, 6Ac sales, 2,100
New Orleans, Jan. 9.-Cotton futures
steady; January, 5.26@5.27c February,
5.29Q5.S1c; March, 5.33a5 SIC; April, $3.50
5.40c May, 5.43a5. 44c; June, 5.4Sd5. ACC 4;
July, 5.59a5.5ic; August, 5.5ia5 Soc; Sep
tembor 5.51c; October 5.54Q5. SOC.
New York, Jan. 9.-Patne, Murphy & Co
say of cotton: Liverpool cables were from
2 TO points higher, with spot sales of
lttNJV bditS. DlOtS tOuSilDuf the SGSHiOu
showed more strength than futures and
a better demand was in evidence. The
opening here was strong, at advance of
A TO > points. The buying was good
throughout. and ell offerings were alb
sorbed without effectng prices Port re-
cejpls continue light, and ere pointed to as
as assurance that the crop win not equal
last years The local crowd are bullish.
and bought IN to the close, which was at
near the best prices OF the day. Indica-
tons point to higher prices"
New York, Jan. 9.-Hubbard Bros. & Co.
say Of cotton; THE market felt with con-
tinulng force his morning the effect of
the Improvement end good business
abroad which brought buying orders. Sell
ers were few ana on the limited supply the
advance continued until the demand was
exhausted. The business has been more
general, although the principal buying has
been of a loca. nature to replace early
sales. The light receipts are forming a
substantial basis for the opinion that
prices may reach a higher level"