The Savannah morning news., 1900-12-25
MONDAYS MARKETS CLOSED.
10 BUSINESS DONE ~ THE LOCAL
TRADE EXCHANGES.

rbr Feature OF the Day In Cotton Cir
rlrs Was the sailing OF the steam
ship Chattahoochee for New York
with Contract Cotton-It WIN he
Ready tor OmciaI Tender About
Frldn,-The Cotton Must Be Dis
charged. Inspected aud Weighed
Before Necessary Certificates Can
Re obtained 60 Perfect the DeIiv-
cry.
The Morning News ONCE,
Monday. Dec "a
while there was fair city iobblng
trade during the day. the lions share of
t5e business fell to tho retailers. Dur
ins the past week jobbcrs have been ship.
nina 20 the country. and hy Saturday
night most an orders had been filled. 20
tali to-day's business was mostly with
the city trade.
The Cotton Exchange was closed ana
with but few exceptions sellers and buy
ers were not on the street. except for a
tt--t time In the morning. The Board OF
T.a,le remained open though very little
was done further than posting prices
INFIf WIS NlthAAAAAlN AN AANAlAlA NH
leading commercial exchanges throughout
fhe country were closed. and Tor this rea-
son the Morning News does not give It's
usual tolegraphic market reports
Contract Cotton for New York
TINT steamship Chattahoocheo sailed for
Nov York tonight with about 400 bales
~ cotton. consigned 10 New Workers who
VII tender IL against futures they sold
fo~ December delivery. As previously
Grated IN the Morning News. the De
sembcr Opton was run up In way a
indicate that the longs were preparing 90
rlve the shorts hickory" unless they de-
yised some way OF escape II appears
that they have succeeded in doing this oy
getting spot cotton there Ia time for ten
der within the limit for deliveries for
this month.
After the Chattahoochee reaches New
York hurried work will no doubt b. done
in getting the cotton ready FOR delivery.
FIRST II will have 10 be discharged and
lightcred to the warehouses. though the
least possible delay will b. entailed. As
the steamship people Will doubtless have
lighters IN waiting 10 receive the cotton
promptly. In the storehouse the cotton
will be- Inspected by sworn inspectors OF
hr New York Cotton Exchange. who viii
certify 20 the grade IL will be weighed
at sworn wcighers. though 90 Is not un-
dcrstood these are necessarily officers Of
the exchange Armed with the store
house receipts with the certificates as
10 the grade by the inspectors and as 60
weight by tho weiehers attached. the
eonsignees OF the shipment will have in
tneir possession what constitutes an ON
c.al tender for the cotton they sold.
Corners Hard to Eject.
when d comes to cornering proluc,
1.d squeezing the shorts Of ~ assur
ance Of success requires the most ac-
,ur4te calculation. Interests that in
y.igle spectators to sell something for
future delivery which they haven't cot
usually adopt every precautlon against
the possibility or rushing the actual stun
So market at the last moment Mr. Phil
llr- 81 Chicago Is one Of the recent cx-
amples of successful mauipulator. hav-
iaa bought corn until bee doubtless felt
fa- the shorts who were selling 10. Ac-
.ordIuu To his theory. which was a cor
rect one. there was no possible way to
get enough corn 20 Chicago 10 cover the
sbor, contracts The New Workers evil
IDENTIFY mad reason FOR believing that the
shorts couldn't get cotton there in time
Tor delivery. but there were possibilities
which they failed to consider
r-i. G.va~nah Cotton Exchange WIS clos
IS during the day. II was not understood
tnat any great amount OF cotton was he
ing sold for shipment on the Nacoochee.
which sails tomorrow night with cotton
for contract deliveries few small lots
acre sold. aud will De added to that g.
br shipped az . part OF the Nacoocnee's
cargo