davidaulloa/AmericanStories huggingface dataset:
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-05-05
Murphy & Co.'S Cotton Letter.

New York, May 4.--The market opened
to II points lower, which was better
than expected in view of sharp break
at Liverpool, accompanied by more or
less bearish talk. which failed to make
much impression despite indications of
heavy port movement for the day. 1t was
soon apparent that the low price was sug-
costing extreme caution on the part of
the bear contingent who are disposed to
adopt aggressive tactics, but fear to do
so, on account of generally poor crop ac-
counts, small available stocks, and the
relatively low price, all of which suft1ces
in a great measure to offset the much
talked of unsatisfactory trade conditions.
New York bulls have it in their power to
squeeze the shorts severely, and, the feel
ing is that bear operators won't succeed
at this juncture. In the Atlantic and Gulf
states the weather was cloudy in many
sections, with the temperature seasonal
BILE. Early indications were for a contin-
uation of dry spell. Gables were steady at
. to decline. Spots in Liverpool were
declined lie on sales of 1000 bales. The
Chronicle report for the week was bull
ish, some buying orders came from New
Orleans and local German shorts were
buyers of July at the decline. Houston
estimated Monday 5000 to $500 against 257.
New Orleans 1900 to 1000 against 1854.
All ports 1900 against 1888.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-05-05
NEW ORLEANS CoTrroN MARKET
II. & b. Beers Cotton Letter.

New Orleans, May 4-The bearish
weekly figures and indication of a con-
tinuance of heavy receipts caused Man
chester and continental longs to sell out
in Liverpool occasioning the further weak
ness evidenced there to-day. Our market
in sympathy opened lower and shortly
improved 8 on shorts covering over Sun
day, but the easinesS of spots coupled to
the large port and interior movement SUI
perinduced a slight break near the close,
making the net boss on the day six points
on the old crop months and on new.
Referring to the textile industry in
America Bradstreet's statement trade re-
view says: THE textiles are relatively
the worst situated of all industries, cur
taiiment of production by the mills limits
stock but does not help the demand. The
crop situation is quite ging. Warm
sunny weather is helping corn and cotton
Cotton crop advices are faily good and
an increase in the acreage is still fore
Swallowed despite much replanting having
been necessary in Alabama. Georgia and
Tennessee, where the scarcity of seed for
this purpose is remarked"
Port receipts to-day are 1900, against
%, 900 for the whole week last year, with
the prospect that the scale of movement
will continue on an increase for the bal
ance of the season. Therefore with the
fine planting weather existing through
out the belt the unsatisfactory textile
trade conditions prevalent in all countries,
and only a nominal demand for spots,
even at concessions, the trend points to
lower values Ultimately when we consider
that the short interest has been reduced
to a minimum and the difference between
our market and Liverpool has now mar
roWed about 10 points recently.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-05-05

Trains arrive Savannah as follows;
No. 30 daily from New York and Wash
ington. 500 a. m
No SO daily from New York and Wash
ington, S:05 q. m.
All trains arrive and depart from the
Plant System station.
THROUGH CAR SERVICE ETC.
trains 80 and "a daily NEW YORK
AND FLORIDA EXPRESS, Vestbuled
limited trains with Pullman drawing
room sleeping cars between Savannah ana
New York. Connects at Washington with
Colonial Express for Boston. Pullman
sleeping cars between Charlotte and Rich
mond and Charlotte and Norfolk. Dining
cars serve all meals between Savannah
and Washington.
Trains 35 and SO daily, THE UNITED
STATES FAST MAIL. Vestibuled limited
trains. Carrying Pullman drawing room
sleeping cars between Savannah and New
York Dining cars serve all meals be-
tween Savannah and Washington. Also
Pullman drawing room sleeping cars be-
tween Savannah and Cincinnati, through
Asheville. and The Land of the Sky"
For Information as 10 rates. schedules,
etc. apply TO
F. S. CANNON. sd v. P. and G. NJ,
s. ii. HARDWICK. G. p. A, Washing
ton, d. C.
w. H. TAYLOE, A. G. p. A, Atlanta.
r. c. BLATTNER. Depot Ticket Agent,
Plant System station, Savannah, Ga.
JAS. FREEMAN. c. p. & r. A., savan-
nah, Ga, 1h Bull street, Phone $50.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-05-05

ury Withdrawals, such as had been con-
tidently expected.
United States IS declined per cent.
the IS y, and the new As and refund
ing IS. 4 per cent. The old As advanced
Is per cent. over the closing call of last
week.
Total sales of stocks to-day were 949
400 shares, including Atchison, $4,000: do
preferred, $500; Chesapeake and Ohio
$500; Chicago, Burlington and Quincy, S.
100; Chicago Rock Island and Pacific, 10
500; Erie $1,000; Louisville and Nashville.
1890; Manhattan. 800: Metropolitan, IA
600; Missouri Pacific. $500; New York
Central, l1.400; Northern Pacific, %, 500;
Ontario and Western. 1890; Pennsylva-
mia, 1000; Reading. II 800; St. Paul. IT.
400; southern Pacific S4,1OO; Southern
Railway, 1880; do preferred, $500; Texas
Pacific, 500; Union Pacific, 100 500; Wa
bash preferred, 6,4O0; Amalgamated Cop
per, $3.50; American Tobacco, 17.20O;
Brooklyn Transit. 800; Continental To
bacco, @,5O0; Peoples Gas. 10000; Sugar
$500; United States Steel 65, 400; do pre-
terred, $500; Western Union. 800.
New York Stock List.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-05-05
LIVERPOOL COTTON MARKET.

Liverpool. May 4.-Spot dull prices 1-16d
lower; middling fair, 17sd; good middling,
4 s-lod; middling, 42sd; low middling 4
SOD; good ordiilsSy 15-16d; ordinary
. u-l6d; The sales of the day
were 1900 bales, of which 200
were for speculation and export, and
included $500 American. Receipts 1900
bales, including 14,700 American.
Futures opend quiet and closed steady;
American middling, low middlng clause:
May. 4.l5d, buyers; May-June 415d, buy
ers; June-July, 4.16d417d, buyers; July
August Also, sellers: ugust-September,
4.l3d, sellers; September, ADD sellers; Oc-
tober, g. o. c.. 4.0Oq4.O1d, buyers; October
November, S6Gd3.61d sellers; November
December, $3.50, sellers.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-05-05
STOCKS AND BONDS.
The Market Shows Recuperative
Tendency.


Tendency.
New York, May 4.-The stock market
effectually demonstrated its astonishing
recuperative power again during the two
hours trading to-day The selling orders
which were thrown upon the market as
result OF the nervous apprehension
aroused by yesterdays violent break.
were confidently absorbed, and only a
momentary break was caused by the bank
statement, although il was more unfav-
orable than had been expected. The buy
ing afterwards was sufficient to carry
prices vigorously upward throughout the
list, celebrating the important earlier
losses and establishing some striking net
gains. The closing was notably strong
and at about the top.
The nervousness aroused by yesterdays
weakness apparently led some large OPP
orators TO anticipate the New York mar
ket by cabling orders to sell in London,
and early quotations from there showed
losses of 2 to points in many American
stocks. This level never was touched
in the New York market to-day. Open
ing prices were considerably above the
London parity, although at declines of
to 2 points from New York's close in
many stocks. Atchisou opened wide at
an extreme decline of 23s and Union Pa
chc points. Neither stock touched the
low level again, although there were few.
erish relapses in prices after the first
rally. Atchison. closed unchanged aud
Union Pacific up a. The aggressive
strength shown from the outset by st.
Paul and Missouri Pacific had an import
ant influence on the growing strength OF
the whole market st. Paul opened q
higher, and rose an extreme ~ over last
night, closing within shade of the top.
Missouri Pacific opened point higher
and closed " higher. These movements
served to give some reinsurance to the
speculative contingent that the process
of absorption of railroads for consolida-
ton was still going on, a belief which
was somewhat shaken by the character
of the selling in Union Pacific yesterday.
II was argued also that the interests
doing this buying in Union Pacific might
have had a hand IN yesterdays collapse
in order TO facilitate the operation, as
buying railroads for control in a rampant
bull speculation is necessarily an expeu-
sive operation. The large demand from
the short interests also disclosed that
bear operations played a very, large part
In yesterdays selling.
The improvement in the technical po-
stion of the market by the shaking out
OF weak holdings encouraged the bulls.
There was very obvious support also in
the United States Steel stocks which
gained a point each. Loans made on
Friday carry over until Monday so that
there were no actual loan operations to-
day. Money was easier In London to-day
which aroused hopes that the foreign
demand for god might be relaxed, al
though the continental exchanges still
bear against London. The bank state
ment seemed to be ignored. although II
gave NO evidence OF any gain In cash
from the interior 10 Offset the sub-treas-
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-05-05
Murphy q Co.'S stock Letter.

New York. May 4.-The generally reac-
tionary tendency of this mornings stock
market was plainly enough continue
ton of the selling movement which set in
yesterday. Virtually nothing was added to
the general news bearing upon the finan-
cial situation None of the various rum
ors recently in circulation bearing upon
railway deals in one direction or another
was confirmed, and nothing novel in the
way of gossip even was added to these re-
ports. Factors OF weight In the initial
severe decline were the common expecta-
tons that a serious reduction in the sur
plus reserve of the associated banks
would appear in to-day's bank statement,
ana all OF tho heavy and general declines
in the London market for American
stocks. The latter averaged about one
point, and upon the opening OF business
here foreign houses were heavy sellers
OF the general market.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-05-05
TRADE AND FINANCE
MARKETS SHOW LITTLE CHANGE
IN PREVIOUS LEVEL,
COTTON FUTURES LOWER,
IN SPOT COTTON
CONTINUE LIGHT.

I,irmer Tendency In the Spirits
MARKET Carries the Prices at the
close to 32c-Rosins Unchanged
Except as to an Advance of sc on
GRADES A, II, C-Local and TeIe-
graphic Markets.
The Morning News Office,
Saturday, May t.
THE local markets were without changes
If Importance to-day, the closing being
rather quiet in most lines. Spot cotton
closed easier, with no sales reported,
Enough the demand was understood to be
fair at a slightly lower range than the
asked prices Cotton futures at New
York closed barely steady, with prices net
3 to 9 points lower.
4 harder tendency was displayed in the
turpentine market as result of a good
demand, which carried the closing to S2c
firm. an advance of Zee above the opening
nrice bid. Resins were in good demand at
All advance of SC on grades A. B. C. New
York stocks closed rather strong, not
outstanding a bank statement which
showed a decrease of over 5000, 600 in the
surplus reserve. The fact that an I'M
favorable statement had been looked for
before Fridays slump in prices makes
# possib!e that the effect of the showing
was at least partially discounted in the
nrevious recessions. This being true the
market was ready to-day TO make some
show toward recuperation. The following
resume of the markets will show their
tone and quotations at the close to-day:
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-05-05
MISCELLANEOUS MARKETS.

Note-These quotations are revised
daily, and are kept as near as possible
in accord with the prevailing wholesale
prices. Official quotations are not used
when they disagree with the prices whole.
salers ask.
Country and Northern Produce.
PoULTRY-Hens, 7OaSOc; ROSTERS, soc;
ducks. 65n75c.
EGGS-Fresh candled, 14c.
BUTTER-The tone Of the market is
erm. Quotations: Cooking. l6c; New
York state dairy, 1sc; extra Elgins, zee.
CHEESE-Market firm; fancy full
cream cheese i2c for 20 to 22-pound ay-
etages; IS to 9O-pound averages, 1lhc.
Early Vegetables.
IRISH MISREPRESENTATION. n.ss
sack.
cABBAGE-Barrel, 81. 25a2.75.
ONIoNs-Egyptian, sacks, 1926; crates,
$50.
Breadstuas, Hay and Grain.
FLOUR-Market steady; patent, 4.s5;
straight, 1916; fancy, s3.75 family, $3.50.
MEAL-Pearl, per barrel, s2.e5; per
sack, sl.35; city meal. per sack, bolted,
u.25; water ground, $50: city grits,
sacks, 1925: pearl grits, Hudnuts, per
barrel. 800; per sack. iLS5; sundry
brands, 81 30
SIC; carload lots, 65c; mixed corn, JOB
lots. S6c; carload lots, 64c.
RICE-Market steady; demand good;
fancy head, SC; fancy, SIC.
Prime ......s......ss.s..sss....
Good ................ssssss..... 41zlt4N
Fair ............ssssss.s.ssss.s Mn4n
Com mon .s.ss.sss..ss.s.s......5H
OATS-No. 2 naked, carload, 40c: Job
lots. iic: white clipped cars, ale; Job
lots. 42c.
BRAN-Job lots. s1.i0; carload lots. slO5
HAY-Market steady; No /. timothy.
job. s75zcQsl.Oo; cars, CSC; No. 2, sz1kQs6c;
Job, 9oc.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-05-05
Hubbard Bros. & Co.'s cotton Letter

New York, May 4.-Our market opened
with sales of July at TITO, Z71c. 77Oc
and after selling at 771c. Use. ruled at
775c at II a. m Liverpool again declined
on further liquidation, brought about by
the movement, and the poor trade
abroad. Our market opened lower and
rallied on local buying based on the ex-
pectation Of decided reaction in Liver
pool tomorrow, notwithstanding the large
receipts in the American ports and inte-
rior towns to-day. Under these condi-
lions the transactions are of small pro-
portions, awaiting further reports from
Liverpool and the action of Southern mar
kets, where the stocks are large though
strongly held in spite Of the weakness
abroad. The spot market was quiet at
1-16 decline. Sales for export so2 bales.
Midling, S-16c. last year s74c. July clos
ed at 7.73c, last year 9.45c, barely steady.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-05-05

INDIRECT-Liverpool via Baltimore,
Csc; via New York, 4Oc; Hamburg. 4oc:
Antwerp 4Oc: Revai. st. Petersburg and
Gothenberg, 5Oc; Genoa. &c.
LUMBER-By Sail-Freights dull. to
Baltimore, 1915: to Philadelphia, 5000
H75; to New York. $3.50 per M.
LUMBER-By Stean-Savananh to Bal
timore s.; to p II. r. or Il. and o. docks.
$50: to Philadelphia, 1890 per cwt. "A
pounds to FOOT; to New York, $3.50 per n. !.
s725 to dock lightered at Boston, $3.50.
NAVAL STORES-The market is frms
medium size vessels, Rosin-Cork. for or
ders. 81 Cd per barrel Of $40 pounds. ana
per cent. primage. Spirits. Is Cd. per 20
gallons gross. and per cent. primage.
Large vesseis, rosin, 3s spirits. Is 3D..
Steam. lie per 100 pounds on rosin. 2iikc
on spirits Savannah to Boston. and sl1c on
rosin, and l9c on spirits to New York.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-05-05
SEA ISLAND COTTON.
COTTON FUTURES.
he Market Closes Barely steady .
10 o Lower.

to % Lower.
~" York, May 4.-The cotton market
opsAed easy and 4 to 10 points lower,
'1F ieciine being in sympathy with fur
'"'- losses abroad. Liverpool broke heav-
ny again this morning. quite in keeping
"''A Its recent action and sent formula
we selling orders to our pit. July in the
'0-aI pit broke TO 7.70c under the first
wave Of selling, which came from all d.
e.uons' and then rallied slowly on profit
sa1'ng Yet there was no real sign Of re-
,.peratlVe power in the market and the
80 reliant bears took advantage OF the
~ TO put out new lines of cotton In
, summer months. Sentiment con-
s."'Hu beartsh under favorable reports
oH the crop center and very gloomy
from abroad. Liquidation in Liver
~ Tor all parts OF Europe was the chief
,l ,'r OF depression there, though behind
c pressure there was a demoralized
s'9n goods market. total absence OF
~ native support a large supply OF
49, priced cotton for which there was
'''usly no demand and many cables
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-05-05
BAN hINT tOUo E UF-
W. n. VEaMILYEc a. CO..


THE EXCHANGE COURT BUILDING.
NEAR WALL STREET, NEW YORK.
This is the house that advised the pub
lie of all the important movements in
every stock on the list and It has infor-
nation az the disposal of its customers
that will enable them to double their
money In the next two weeks. The clients
of this house have been among the most
successful operators in this great bull
market.
when w. r. VERMILYE & co. teIe-
graph you anything, you want to act on
IL; if you do you will make money quick.
We solicit orders in stocks, ten share
lots and upwards on margins of from to
: per cent. Also high grade investment
bonds. our customers are constantly kept
posted In regard to all market movements
al our expense. If you intend specializing.
open an account with us AT ONCE Don't
wait until the bull market is over. We
accept accounts I'm sums of $50 and up
ward. Highest banking references. Cor
respondence solicited.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-05-05
FINANCIAL.
MONEY-Money plentiful.

MUNE money pIentltuI.
FOREIGN MARKETS-Market dull
and easy. Commercial demand, $4.s714 !;
sixty days, $4.S4; ninety days, S4S215
francs, Paris and Havre, sixty days,
5.19% Swiss, sixty days. 5.21A; Belgian.
5.2O5s marks, sixty days, 94%; ninety
days, "a 7-16.
DOMESTIC EXCHANGE - Steady;
banks are buying at 1-16 discount and
selling as follows: s25 and under, 10c pre-
MUM; SIS to $50, 15c premium; $50 to $780,
zoe premium; 500 to $500 25c premium;
500 to ST. 900, Is premium; 1000 and over
Use per NJ.
SECURITIES-The market isvery quiet
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-05-05
NAVAL STORES.

Saturday. May 4.
sPIRITS.-The market opened firm, at
Sllbc bid. with sales Of 631, and closed
Arm at s2c, with closing sales of 1877 The
demand was good and distributed among
foreign and domestic buyers. The re-
celpts we're 1.12i and the exports 2'6Ol.
ROSINS.-The rosin market opened firm
az an advance of sc on grades A. b, G..
with sales OF 230 and closed firm and UNI
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-05-05

New York. May 4.-Money on call firm
at per cent. Prime mercantile paper 40
AZ per cent Sterling exchange firm with
actual business in bankers bills at 81. SO
for demand and at 81. Si% for sixty days.
Posted rates 81, s51aq4. Sc, and $4.S9. Com
mercial bills $500 &is. Silver certificates
nominally 60c. Bar silver 597sc. Mexican
dollars 4S1sc. State bonds weak Railroad
bonds irregular. Government bonds
firmer.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-05-05
DRY GOODS.

New York, May 4.-The week closes
without any material change in the de-
mand for cotton goods and business is
generally quiet. Prices are unchanged In
staple lines Of domestics and in prints and
giughams. Print cloths without change.
Cotton yarns show a better business this
week and a somewhat steadler tone.
Wooden and worsted yarns quiet and I'M
changed
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-05-05
BANK STATEMENT.
Surplus Reserve shows n Decrease
of S5,770,075. y

New York, May 4.-The statement OF
the Associated Banks for the week ending
to-day, shows:
Loans. increase S60O5.5O0; deposits, in
crease 81. 321, 100; circulation, decrease $751;
600, legal tenders decrease $S44.30O; specie
decrease s4S55, 1907 surplus reserve, de-
crease Sc, 1856
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-05-05
ESTABLISHED 1872.
HENRY BEER. BERTRAND BEER.
EDGAR H. BRIGHT.
H. & B. BEER.
Cotton Merchants,
NEW ORLEANS.

Members of: New Orleans Cotton TX
change. New York Cotton Exchange and
Associate Members Liverpool Cotton AS
ISOLATION.
Special attention given to the execution
of contracts for future delivery in cotton.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-05-05
GRAIN. PRovIsIoSs, ETC.

New York, May 4.-Flour quiet and
again easier. closing 5Gi0 cents lower to
sell. Winter patents, $3.65d4OO; Minnesota
patents. s.OOdA25. Rye flour quiet; fair
to good, s2.s5@3.20.
Corn meal steady.
Rye quiet.
Barley malt quiet Barley quiet.
Wheat-Spot weaker; No. 2 red, 8rzc-
Options had a weak opening amid active
dumping of long wheat by parties dis
couraged over weak cables, more favora-
BILE domestic crop news. light export de-
mand. and talk Of heavy worlds ship
ments. Closed easy h@2sc net loss May
closed, 7SAc; September closed. 76%c.
Corn-Spot weaker; No. q Sac. Options
displayed considerable weakness and de-
clined on the break IN wheat. bearlsh
cables, and more or less unloading. Closed
weak iaa1Ac net lower; May closed, 52Ac;
July closed, sic.
Oats-spot quiet; No. 2. 32isc. options
dull and easier with other markets.
Beef steady; family, Sl0.50dii5O; mess.
50. 00d9.50; beef hams, si9.50d2i.O0.
Continued on Page Twenty-Five
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-05-05
SQVQllQl BQIk Z Trust Go.
Capital $3.50, 600.
JOSEPH D. WEED, President.
IOHN q RnWT Nh Uica PrAzidAn nj

JOSEPH D. WEED, President.
JOHN c. ROWLAND, Vice President.
WIN. F. McCAULEY, Cashier
S. L. CLAY, Assistant Cashier.
A general banking and exchange bust
ness transacted
Savings Department interest computed
quarterly.
Accounts of merchants, banks and cor
porations solicited.
American Express Company's letters Of
credit issued available in all parts of the
world.
Collections carefully made and promptly
accounted for
Safety deposit boxes and storage vaults
for rent.
Correspondence invited.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-05-05

from the South to the effect that the
outlook for the new crop was exceeding
~ favorable. Farmers were said to be
holding back cotton in expectation of a
july corner in New York. The predictions
All pointed to a continuance of the heavy
movement. Receipts were well nigh over
whelming, the ports reaching over IS
900 bales.
The market closed barely steady with
prices net to points lower.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-05-05
OCEAN FREIGHTs.

COTTON-Savannah to Boston. per
cwt.. 25c; to New York. per owt.. 3Oc TO
Philadelphia, per bale, 81; Baltimore, 81.
FOREIGN D1RECT-Bremen,S Oc; LIVER
pool, 3oc; Hamburg, SOci Barcelona, 45c;
Manchester, 35c.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-05-05
COTTON.

The cotton market closed easier to-day
with no sales reported. The days re-
ceipts were 2,103. A fair demand prevail
Ell though trading on the whole was cur
tailed by causes which have checked the
activity all along. Cotton futures at New
York closed barely steady with prices
to points lower.
The following were the official spot quo
tations at the close of the market at the
Cotton Exchange to-day:
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-05-05

SALT-Demand is fair and the market
steady: carload lots, 1O0-pound burlap
sacks, 47c; 1OO-pound cotton sacks 4sc;
ilO-pound burlap sacks. 5l6c; 1l0-pound
cotton sacks. 52Izc; 12s-pound bur-
lap sacks, 5Siac; 125-pound cotton sacks.
59ikc; 2OO-pound burlap sacks, Ole.
HIDES-Market firm; dry flint, 11hc;
dry salt, l01zc; green sailed SIC.
WOOL-Hominal; prime Georgia, free
of sand, burrs and black wool, l66Di7c
black, 13Q14c; bury, 10c. Wax. 25c tai
low &c Deer skins, 20c.