The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-02-28

in the Eastern states and low tempera-
ture IN the Western states. indicated on
the official bulletin.
Spot cotton markets were said TO be
stttening on renewed efforts of exporters
and New England spinners TO purchase
extensive lines OF medium to high grade
staple while the cloth and yarn markets
were seen to be in more healthy condition
than at any previous time IN the history
of the trade
The local market went off several points
early IN the afternoon under proht-talking
and temporary lull in buying. and be-
came weak later and closed easy with
prices one point lower to five net higher
This change in the course of values was
brought about by an official estimate for
receipts of 1000 to 1900 bales at New
Orleans tomorrow. and a forecast for
clearing weather and higher temperature
In the cotton belt tonight. The under
current of sentiment, however. remain
ed publish and many of the stauncher
longs took advantage OF the opportunity
TO secure additional amounts OF the pres
ent crop deliveries
Business for Southern and foreign ac-
counts was scattering. but for the most
part was for the covering of old short
accounts. The outside public took little
hand in the days trading. Wall street
nrms were good buyers early In the day.
but turned sellers on the break
New York. Feb. q, noon.-Cotton futures
opened steady al the advance: March,
6SOc; April, 6.29c May, June and july,
6.Slc; August, 6S2c; September, 6l7c; Dc
toher' 6.lSc; November, SIG; December.
6.17c.
New York. Feb. p. 4 p. MIXTURES clos
ed steady; February, 62Sc; March, $500;
April, B,27c; May. 6.2Sc; June, 6.25c: July,
6.26e; August. 627c: observation-disclosures,
Gle; November 609o; December, 6.llc;
January, 61Sc.
New Orleans. Feb. 27.-Cotton futures.
steady; February, nominal; March. S. s9a
sic; April, 5.9Od5.91c; May, 592d5 sSc June,
5.9SQ5.s5c; July, 595d596c August. $500
5.9Sc; September 5.sOd5.slc; October, 5.Sla
5S2o; November, 5s2G5.SSc; December. 5.SS
a5.S5c
New York Feb. 27.-Paine. Murphy &
Co. say of cotton to-day: Liverpool ca
bles came in strong this morning, closing
3 to points higher for the day, this was
reflected in our opening by an advance of
5 to points, March showing the grea test
strength. The reports from the South show
weather conditions rather unfavora BILE,
which, however, was more than offset by
the liberal movement at "all ports" 10
day, and a large estimate at New Orleans
for tomorrow After the noon hour there
prospect of the coming crop, and the be-
lief that fertilizer sales are but very little,
II any, smaller than they were so far this
time last year. The market sod off 10
within points of Saturdays close the
closing being easy at the lowest point Of
the session."
New York, Feb. 2.-Hubbard Bros. & Co
say of cotton: Liverpool quickly re-
sponded TO the stronger market in America
by advancing sharply from the decline OF
Saturday, and increased purchases by spin
ners Indicated that although the margin In
yarns might be reduced to small proper
tlons, they would continue to purchase
their consumption. Our market opened
firm, with more buyers for the immediate
than for the distant deliveries, represent
ing the covering by the shorts. as a re-
suit Of the tenders on March. The premi-
UNI on March and May Is Inducing ship
ments to this market Receipts at the In
terror towns show a slight increase over
last week, except In Texas. Traders feel
very bullish over the outlook for light re-
ceipts, and believe Europeans will soon
change their views regarding the size OF
this crop, and become eager buyers. Trad
ers who bought freely early were the sell
ers, and together with some Wall street
selling OF May, caused the disappointing
reaction at the close"