The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-01-24

ton Of the last few minutes Shorts were
panic-stricken al The start and nerVously
sought cover. seeing nothing an the geuer-
al situation 10 warrant an immediate re-
action. Wall street led In a heavy invest
ment demand, while New Orleans bought
freely. both to cover short accounts and
for investment. Early Liverpool orders
were for the sale of near months as
against purchases in their market At rel
atVely lower figures.
As the session progressed realizing on q
very extensive scale set in and az times
there was brief periods of irregularily
which, in every instance, however, was
followed by a sharp recovery on renewed
demand for outside account. The volume
of speculation was without question the
largest noted I'm single day in many
months. The local trade was very much
encouraged by tae increased interest man
ifested by oul siders, ana belief was eX-
pressed that the cotton market was in a
fair way 20 show something like old time
activity from this time forth. The profit
taking of to-day was believed to have been
a good thing for the market as cousid-
cradle of the weaker holdings passed INTO
strong hands. Chief among the bun fac
tors of the day were "A strong set of cables
from the English market. Futures at Liv-
erEool advanced 8 to 1 points while at an
advance OF 1-32d spot cotton was in urgent
demand
Receipts at all points showed unmstak-
able signs of peterlng out. uotwithstand-
ing The fact that weather conditions dur
ing the past week had been favorable TO
marketing and moving the crop. After
a lively squirt during The last few mo-
mcuts in which liquidation figured con-
spcuously, our market finished the day
barely steady a a net gain of TO points.
May shorts, particularly New orleans IN
teresis, were conspicuous buyers all day.
New York, Jan. %, noon.-Couon flu
lures opened firm; January, 6.02c Febru-
AIRY, $500 March. 6O0c; April, 6.0ic; May,
6.0sc; June, 609c; July, 6.lSc; August, 6.l5c;
September. 603c; October 6.O2c; Novem-
Der, 6.0ic.. Dece mber, 6O5c.
New York Jan, o. A p. MIXTURES
closed barely steady; January colo; Feb
ruary 600c; March. 6.02c April, 6.05c; May
6.07c; June, 6.07c July, 60Sc; August, 6.llci
September, 6.00c; October 6l0c; November,
colo; December, 60Sc
New Orleans, Jan 23.-COtton futures
quiet and steady. January, 5630t5.Goc; Feb
ruary 5.6i05.G6c March, 5.61G56Sc; April,
5.UQ572c; May, 57oq5.7Gc; June, bIS0
5.79c; July, 5S2df5.S3c; August, 5U@5.1ocj
September, 5.71M572c; October 57Ou572ci
November, 5.7lM5.72c.
New York Jan. 23.-IIubbard Bros. &
Co say OF cotton; Liverpool did not
fully respond to the strong markets Of
Saturday until after the opening of our
market, when the sharp advance here
caused that market to close steady at 10
to 70 American points higher than Satur-
day Enormous realizing has been the
feature, but the offerings were absorbed
by buying orders from New Orleans and
outside interests. The difference between
New orleans and this market narrowed
bringing buying orders from there. Re
ceipts at the interior towns, taken to-
gether. are about those Of last week,
though the port receipts are decidedly less.
our contract stock increased to-day O0)
bales, and more cotton is pointing this
way as we are the highest market. The
feeling IN the trade Is decidedly bullish
and higher prices are generally looked
forward to in the future based on the bull
ish outlook In America. January inter
ests appears to be nearly liquidatod re-
action from the opening prices was quick
ly recovered aud the market has been
steady al the best prices at noon"