The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-01-26

tracts. II was claimed that this buying
was for covering short interests that were
created before the boom ia cotton COM
menced. other shorts covered freely, Par
ties with Liverpool connections sold mod
erately early in the session. but later
they were buying cotton eagerly. The re-
action from the opening decline was ac-
CELEBRATED by smaller receipts at the ports
and the interior towns Cor tomorrow; also
by unfavorahle weather reports from the
cotton belt. rain sleet ana snow being in
dlcated for the territory east Of the Mis-
sissppi, and cold weather west of that
line Continued stability and activity in
the Southern spot markets in cotton cloth
markets and IN American spinning cen
ters We're also reported. while advices from
Wall street indicated undated speculative
energy in stocks. Throughout the session
August contracts led the upward move
ment, and was by all means the most act
i've position on the list. AS the market
drew towards the close speculation in
creased; taking the day as whole, it was
one of encouraging conditions. There was
no let-up in claims of backward farm
work, and scant buying of fertilizing ma
terial. The market was finally firm, to
II points net higher.
New York, Jan. %, noon.-Cotton
futures opened steady at the
decline January. 596c; Febru-
airy. a9ic: March, 5.96c; April, 59Se; May.
cole; June cole; July, 6O2c; August, 6O5o ;
September 59ic; October $780, Novem-
Der. 5.9ic; December. 5.s6c.
New York, Jan %, p. m.-
Futures closed firm; January, 6.07c; Feb
ruary, 6.O5c; March, 60Sc; April, Gle;
May, else; June, else, July, 6l7e; August
602c; September 6.OTe; October, 6,07c; No
vember, 6.07c; December, 6.09c.
Spot closed steady, l-l6c advance; mid
ding, uplauds csc; middiing Gulf, Csc !;
sales, $50 bales.
New Orleans, Jan. 25-Cotton futures
firm; January, 5.6Sc bid; February. 57OE
Sic; March, 57Sa5.74c; April, 5.77q5.79c /,
May, 5,S1c; June, 5S8q5.S5c; July, $500
5S7c; August, 5.S3d5.S5c; September, $3.50
575c; October, 575c; November, 5.75M5.77c;
December, 5.77Q57Sc.
New York, Jan. 25.-Paine, Murphy &
Co say of cotton; Liverpool cables
closed points lower than yesterday The
opening here was sympathetic, and 4
points lower than last nights closing.
Good buying orders seemed to eminate
from every quarter, and the market soon
showed Improvement. The shorts became
nervous and covered which helped prices.
The upward movement continued through
out the session, and gains of II TO Il poin Is
were made"
New York Jan. 25.-Hubbard Bros. &.
CO. say of cotton to-day: European sell
ing orders were again in evidence to-day,
but We're quickly absorbed by. the outsid e
public whose buying carried the market
to the best prices upon August Mays
were not in so sharp a demand but We're
well sustained. The main reason for the
Improvement from the easier opening was
the falling off in receipts at Houston for
tomorrow. The Atlantic interior towns
show some Increase as compared with last
week. This falling off in Texas move
ment has created an opinion that the crop
of that state has been overestimated The
reason of che European selling here Is
that we are so far above a parity Cor
shipment. outside buying is the main
feature, although there has been good
realizing all day by the buyers Of yester-
day. The market is quieter than for the
past two days, but the trade is stiH very
bullsh over the possibilities Of further ad-
vance II crop estimates are reduced.
During the afternoon the market adj
vanced sharply closing firm at the high
est prices of the advance. There seems
no limit to the demand and as no one viii
be short the offerings are only from real
Zing sales which are quickly repurchase
when the market shows strength a decid-
edy higher Liverpool market Is expected
tomorrow"