The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-01-11

far as the rank and file in outside specu-
lative circles was concerned. while pro
iessional longs showed the utmost conf
dence. and purchased on every sign of
weakness. After opening at about last
nights figures, prices went off several
points under profit-taking by scalpers and
number of the less reliant investors, fol-
lowing a failure of the Liverpool future
market to respond, as expected, to our
frmness yesterday. The easier ruling was
short-lived, however as the decline UNI
covered numerous limited buying orders,
shorts subsequently became nervous, late
advices from abroad indicating marked
change for the better all around, while In
formation from the cotton belt averaged
up decidedly in favor of the staple.
Northern splnners were said to be buying
heavily, despite the higher prices demand
ed, with foreign spiuners' representatives
unable to compete with them. AZ nearly
all points the crop movement was seen
to be wavering, which led to reduced es-
Inmates for the seasons output from
number of quarters, notably Texas. Bad
roads were sadly interfering with the
marketing throughout the Central and
Eastern portions of the belt, and recent
" picked cotton was said to be Of very
inferior quality, in many Instances, in
fact, almost unmarketable. The principal
feature Of Inc English news was sales OF
10000 bales of spot cotton at an advance
of 1-92d, with the market firm at the
close Our market finished the day steady
in tone at net gain of to points
New York, Jan. 10, noon.-Cotton fu-
lures steady; January, $500; February
5.6Gc; March, 5.71c; April, 5.7lc; May, b.I9c
June, 5.SSc; July, 5.s5c; August, 5,S7c; Sep
tember 5.Sic; October, oslo; November
5.S2
D. mixtures closed steady; January,
s. 7Gc; February, 574c; March, 5.75c April,
57Sc; May, $500; June 5.S5c; July, 5.Sfe;
August, 5,91c; September 5S5c; OCTOBER,
5.S6c, November, 5.S7c; December 5.SSc.
New York Jan. 10.-Paine, Murphy &
Co. say of cotton to-day: Spots in Liver
pool this morning were 1-32d higher, with
sales Of 10000 bales. Commission brokers
here had good buying orders, especially
from the South, which, with the other
strength, Livcrpoofs advance and bad
weather reports, had a material effect on
prices after the opening, sending prices
Up to points. The opening was, how
ever, about last nights close, and first
sales were at slight declines, but the small
port estimates, 5000 vs. 5000 last year,
with a general better demand for cotton
fabric, with the aforementioned facts,
hoped the advance to 6 points, which the
close shows as net gain"
New York. Jan. 10.-Hubbard Bros. q
Co says Of cotton: Liverpool, at the
opening, was considered as somewhat dis
appointing and the market was inclined
60 weakness, but the edge was not off
the speculative temper and the rally was
speedy. The light receipts at Houston
and New orleans induced local buying on
quite a considerable scale. Liverpool was
seller during the forenoon. AT the adj
vance prices were well held.
THE market has been firm during the
afternoon with an advance to the highest
prices Of the day. Part of this was lost
but the market seems to be broadening
and buying orders have been received
from the South, with reports of injury
to the crop At the slightest decline
prices closed steady"