The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-01-27

was directly due to very strong English
cables aud bullish advices from nearly all
portions of the cotton belt
Even the more rapid bulls were hardly
prepared for an advance of to points in
futures at Liverpool and an advance of
Lied in the spot cotton, That the shorts
were scared for a time is putting it mildly,
but with later advicos of a less bullish
nature local bears regaued some of their
old time composure and took a more
conservative view of the situation.
The commission houses received large
telephone orders while the wires We're
kept hot with business from outside points.
The unloading shortly after the call had
little influence with the stronger holders
of cotton many of whom believed these
sales to he for the general good of the
market in that It did much to eliminate
weaker holdings from the situation.
In hammering the market bears only
succeeded in creating additional extensive
short lines without accomplishing the
purpose intended. Liverpool both bought
and sold all through the session, orders
from the continent were chiefly for the
purchase of the near months. The South
was good buyer around the opening, but
later in the day was conspicuous as a
SSilNl Ol the August dtlsl new NiOP ihphNilF"
Crop news was practically a reiteration of
Information received earlier in the week
Later in the afternoon prices slowly gave
way under realizing and Liverpool arbi-
TRACE business. The market closed steady
1 point lower 10 net higher.
New York, Jan %. noon.-Cotton flu
lures opened steady, January, clio; Feb
ruary, Clio; March, 6l5c; April, 6.l6c
May, 6.20c; June, 6,20c; July, see; Au-
gust, 6.23c; September 6.0Sc October.
6.l0c; November 6.06c.
New York, Jan. Is, 4 p. MIXTURES
closed steady; January, 607c; February
soc; March. 6.O9c; April, 6.1Sc; May, 6.l6c;
June 6.16c; July, Gle August, GOO; Sep
tember 6.O6c; October, 6.06c; November
6.06c; December, 6.O9c.
New Orleans, Jan. 26.-Cotton futures
steady; January, 67Oc; February 57Oc;
March, 573G5.75c; April,5 1905. Use; May
5.S005S1c; June 8. sS65.S4c; July, 5S5a5S7c;
August, 5.S2d5. S3c; September, 5.72G574c /;
October 573d5.74c; November 5,7Sd575c;
December, 575d5.77c.
New York, Jan. 26.-Paine, Murphy g.
Co. say of cotton From the action Of
to-day's markets, the conservative specu-
lator has no room 10 guess the condition
OF foreign cotton markets Liverpool fully
responded TO our advance of yesterday by
opening up to points which was held
throughout the day. THIS in turn was re-
fiected in our markets, and the opening
here was in fun sympathy, prices being
from 2 TO 3 points up on the first call
Throughout the entire session this market
showed more activity than at any time
since the great activity In the Stock FIX
change, and the trading for the past week
exceeds anything OF the past three
months"
New York, Jan. 26.-Hubbard Bros. &
Co. say of cotton to-day; Liverpool
Jumped this morning under the influence
of our firm markets of yesterday, and the
buying for American accounts. which was
reported as heavy. That market closed
barely steady, at a loss from the hest
prices Enormous lquidations was in evil
dence at the opening, which finally caused
decline of to s points from the best
prices, but this was recovered on the
lighter movement at Houston and New
Orleans tomorrow. and the continued
heavy buying for the outside account, who
absorb everything offered and have car
ried the market beyond the boundary of
the cotton trade SO long as this buying
continues no decline is probable. The idea
Is current everywhere that the Improve
ment in the stock market is bound to be
felt in the line Of produce, whether cotton
or wheat, and this is al the moment the
only factor. Heavy realizing during the
afternoon brought about an easier market
and the close was al the lowest of the
day. The trade thinks this reaction IL a
natural one and while looking for lower
Liverpool tomorrow, Is not prepared 10
say the advance Is at an end"