The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-01-15
TRADE AND FINANCE
,prNTINE MARKET STRONG Al
THE ADVANCE.
, ooKs LIKE HIGHER PRICES.
Inns WADE AFTER THE CLOSING
ABOVE THE BID PRICE.

,cso Lighter Receipts and Good De-
,ond start Prices Upward With n
r.b--The OmcinI Closing 3612c
,,, with Sales After the Close at
,-l.c-COtton Easy mt a Decline of
,tec - Local and TeIegraphic
Markets.
The Morning News Office,
Monday, Jan. a.
rbo underlying strength in the spirits
mime market, caused by lighter re-
.,,nts and good demand from several
.,,r,es kept the market buoyant and ac-.
'.. most of the day. While the official
os was 36lhc bid, stuff could not be
Nod for less thsh S714c. and a number of
.,,tors we're unwilling to sell for this,
referring to hold over until tomorrow,
u.ben they expect the price to continue
onward. The rosin market closed firm
and unchanged, with sales of a moderate
lot reported
The cotton market closed easy at de-
o,;na If Ice on spots, and with the de-
rand fairly good. The cotton futures
market closed easy with prices net 10
- Y points lower Nothing of an inter-
os+ine nature developed during the day to
influence the situation.
E7uropean advices were distinctly lower
than anticipated with the weakness most
Pronounced on the nearby deliver
les says Hubbard Bros. & Co.
Wefebt of their stock with dis
counts from every month to the sum
ner dispositions brought this pressure to
sell. Wilson'S estimate of the crop had
also the effect of checking the demand.
Bombay receipts were forty-two thousand
against eighteen thousand bales last year.
Manchester is reported as active and do
ing a good business, leading the local
trade to expect rally in Liverpool to-
morrow. Outside liquidation was the
main feature to-day, based on Wilson's
CROP estimate, the Carnegie interview on
the iron situation and the accumulation
Of cotton goods in the hands of the East
ern and Southern manufacturers who re-
ports business poor.
Cotton in Liverpool declined 1920 on
spots. middling sgd, and futures opened
about 3-64d down ruled feverlsh and
closed at a net decline of 49, to Az, says
Murphy & Co. Advices from Liverpool
were much poorer than expected by local
bulls and caused the New York market
to open about six points lower and rule
weaker during the forenoon on liquidating
sales of near months and moderate de-
mand Receipts are estimated 5000 bales
to-day against 1900 last week and 25,-
900 same day a year ego. We hear of
about 10000 bales EN- route from Texas
for selling against January contracts.
Our New York correspondent wires that
Liverpool cables this morning that Man
chester has done a good business lately
and expects spinners to increase takings.
However our market feels the influence
Of unusual dullness on this side, partic-
ually for spots and cotton goods, also the
chances of our stocks being increased re-
duccs chances for manipulation. Esti-
mated port receipts $4,000 against 25,552
last year New Orleans expects to-mor-
row 1900 to 1900 against 11,2s4. Hous-
ton $500 to 5000 against 64S5.
The New York stock market closed ir-
regular with gains in some quarters and
losses in others. Money ruled easy around
81. to 4 per cent, the last loan being at
per cent. The following resume of the
markets will show their tone and quo
tltions at the closing to-day: