The Savannah morning news. (Savannah, Ga.) 1900-current, 1900-12-23
TO FILL COTTON CONTRACTS.
CHAT AHooCHEE WILL CARRY
a.oso nALEs TO NT-.N YORK.

The shipment 80 Relieve n squeeze
In the Marx Export
ers Got IN as Betfcr Price. Than
~ Liverpool or 90 the Continent.
Tutures Began Climbing Wtth the
shortage On store House stocks
aad kept CeinE tntn the shorts
Got fold 90 the ChatfahSa~hee.
The demand f5r spet reson On New
York 90 deliver on uareuatr contracts
nas neeess..uted hurried buylr- On tae
part q ne trade there ir order to get the
cotton "a the store r1lscs lu time 20
tender Dee . che brit; tor tse delivery
% cotton Hod Tor this month.
Fonr thousand bslcs have been sold ~
Savannah exporters. ana VIII D. shipped
10 New York Tomorrow on ere steamship
Chattanoochee. which arrived yesterday
from that rort. whore che has been
equipped with new srrinese oua boilers
This shipment wia be one az tae quickest
ever made from Savannah. though the
nature % the demand O. such that th- Coz
ton must BE- rushed through
TIE cotton trade has known Tor some
time tha, the chances were favorable for
a December squeeze Ia New YORK owing
10 the smell store house stocks there. and
the fact that very little cotton Yves being
received 70 rerlensh stocks. Evidences
tina; something was doing 10 Sew York
was apparent on Thursday when Deem
her cotton turned ten cents. and started
on course upward which showed that
the shorts either had To- adopt Some strait
exc way o, escape or have the price run
up on them sharply When the price %
this option goo ous q touch with the 9TH
er months, OF was noe on a parity with
them. the shorts began 20 cas-, about Tor
cotton 10 deliver on sheir contracts.
The ocean steamship Company has soid
pfotty much az Of lts freight room out
~ savannah f0r New York Tor December.
ana this fact seems 20 have been known
70 the longs. VINO argued that In case
the shorts dld buy cotton they could not
put IL Ia New York la time for delivery.
ia the lar gliaEe Of che street the shorts
hiA a steamship "up their sleeve in the
Chatta hoochec. ana when 10 was folua
the company was willing 90 run her one
trip 10 New York instead of 20 Boston.
as originally contemplated thare was no
delay iu taking the room NJ a eood price.
Tho Chatfahouchee Will carry some $50
bales OF store cotton. leaving Savannah
tomorrow night. and arriving ~ Us des-
tinauon 90 time for ofhcIal delivery
THURSDAY Tho entire 81 the cargo was
furnished through local ex.orters. who
ana the prices decidedly better than car
be- obtained either 70 Liverpool or on che
continent Il was said the prices were
about s4c for fully low mldaHug and
sfs-Isc for low middnur fob. savannah.
Until the arraneements for the ship
mert Of cotton from savannah were an
nourceB the Nea York fltures market
vs. buoyant. and showed every indirt-
ton on running up to 60 hlea figure. De-
cember opened A. IUloe. ana advanced
from this a. i0 70. u-aen g was said
tho ere4rcfnerts ~ cotton iu che South
were ANNOUNCED with fne eject that the
loUrs were disposed 90 take more lau-
iart view Of fne situation. The actua
alum - prohabfr not what they want
.,---.-l - --i-~ -..a- -ss~ sra -, basis
which made 81 more rroatahle Cor shorts
10 settle with the staple than Sos ihe ad-
iustuent OF difference. The announce
mert OK the forthcoming of ta. cotton 80.
only rro.iu-ed : danreriur enecf unsu
longs promptly ,leIlai ana began dumping
thsir aoldinRs oversoard thereby preeif.-
it,tinv ne downward trend az the mar
ket. December closed Ia sea- shown.
a loss OF g points from itq highest.
Prom the stems uhirr have been taken
10 - cotton la SaU Work s b. POSSIBLE
THAI uarkes VIII Weld conslaerahly at the
openiue a. next Wednea lav. Aside from
ne shipment 81 same 10000 bales prior 10