davidaulloa/AmericanStories huggingface dataset:
The Savannah morning news., 1901-08-24

above date it can be seen at a glance
that the statistical situation is not en-
couraging to those favoring cotton.
Much capital has been made recently
OF the decreasing weekly visible sup
ply of American, and those who have
done so have evidently forgotten that,
owing to corner in August and Sep
TENDER in Liverpool last year, that spot
prices were so inflated as to cause Lam
cashire spinners to practically close
down entirely and continental spinners
resorted to short time. Under these
circumstances it was natural that a
large decrease should take place this
year, but even with these conditions
there was less American taken this
year during the week than last year,
demonstrating that spinners are taking
sparingly of the article. Russian mail
advices received to-day state that the
Asiatic cotton crop will be the largest
on record this year, and that trade con-
ditions in that country are growing
from bad to worse. When the Man
chester coal operators are through with
their September corner in Liverpool,
values may be ruled by legitimate in
huences. The interest in near months
locally is smaller than has been in
years, but the firmness prevalent is
in sympathetic response to Liverpool,
and the apparent stiffness in spots,
which have been bid up by frantic
shorts of spots having to make forced
August shipments of cotton.
The Savannah morning news., 1901-08-24

was gossip of coming rights on Balti-
more and Ohio to subscribe to new
stock, to be issued in connection with
the pending reorganization of Pittsburg
and Western. The minor steel stocks
were strong, Tennessee Coal rising 81.
The United States Steel stocks were
opened fraction higher and were held
almost immovable all day, the extreme
fiuctuation in each being ". There
railroads and specialties and the coal
ers continued to show strength.
The preliminary estimates of the
weeks cash changes were apparently
relied on as foreshadowing a strong
bank statement tomorrow. On the or
binary express movement with the in
terror the banks seem to have gained
upwards of q million dollars and al
though the earlier gains from the sub
treasury have been wiped out, the loss
to that institution is only $780, 900. The
SUBJ treasury figures include the re-
ceipts to the banks on account of Aus
tralian and Klondike gold and also the
deposits of currency for telegraphic
transfer to the interior. These figures
do not seem to promise a very strong
bank return. and IL is explained that
special remittances to Philadelphia on
account OF subscription TO a municipal
bona issue ana payments Tor the pur-
chase Of the Bethlehem Steel Company
are not included. To-day there was a
further decline in New York exchange
at Chicago to so cents discount and an
additional $780, 900 was deposited at the
sub-treasury for transfer to Chicago.
The railroad bond market shared in
the greater activity and strength of the
stock market. but speculative bonds
were most conspicuous. Total sales,
par value. $2.5S5, 000 United States
bonds were all unchanged on the last
call.
The sales OF stocks to-day were $685.
900 shares, including Atchison, 1920;
Atchison preferred, 1900; Baltimore
and Ohio, 10000; Erie $4,000; Erie first
preferred. 1920; Louisville and Nash
Vile, 5000: Manhattan. 1890; Missouri
Pacific 10. 400; Ontario and Western,
200; Norfolk and Western, $500; Penn
sylvania, 10000; Reading, 5000: Read
ing first preferred. $500; Reading sec
ond preferred, S400; st. Paul, 16,40O;
Southern Pacific. $4,000; Southern Rail-
way, 20,100; Texas and Pacific, $500;
Union Pacific, 60.100; Wabash, $500:
Wabash preferred IL 900; Amalgamated
Copper, 50. 400; Peoples Gas. 7,400: Ana
condA, 1900; Brooklyn Rapid Transit
1900; International Paper, $500; SUI
gar! $500; Tennessee Coal and Iron.
1901; Leather preferred, $500; United
The Savannah morning news., 1901-08-24
Murphy q Co.'S Cotton Letter.

New York, Aug. 23.-Bears were in
full retreat at the early market owing
to Unexpectedly higher cables. A good
rise was looked for at Liverpool, but
nothing like the improvement shown
when New York opened, to 10 adj
vance being shown. Shorts were on
the run at Liverpool, and the fact that
the entire state of Texas was without
rain up to the first hour of business
made local shorts nervous. Also the
fact that Fall River had abandoned
the idea of strike, coupled with the
statement that print cloths had ad
vanced there with big sales, acted as
d fruther bull stimulus, and the feel
ing was that active speculation could
not be much longer deferred, especially
as mills would now be convinced of a
short crop, and hasten to replenish de-
pleted supplies of raw material Liver
pool was an eager buyer here, likewise
the South. Outside business was
heavier and prices at the close of the
last hour We're IS points higher Liver
pool made the handsome advance of
10 to IA points and shorts there were
panic stricken The close there was
strong. Rains in Texas were incense
quential. Texas crop news naturally at
tracted attention to-day, and what
came to hand was anything but sat-
isfactory as to it's progress. Some ac-
counts were to the effect that a crop
exceeding 100000 for that state was
impossible. Some instances are cited
where the yield promises more than
two on over 100 acres. The points
claiming not more than so per cent.
of last years yield are numerous. Some
parts of the drought section are claim
in that the crop will be less than 1899
when Texas had, by actual count, only
S,435, 0O0 and it is added that there
are not half as many bolls on the stalks
as last year. Others again assert that
the yield will be the poorest for two
decades.
These are all cited as showing what
some allege to be the facts Whether
true or false they suffice to attract at
tention, and cannot fail to influence
trade.
The Savannah morning news., 1901-08-24
NAVAL STORES.
Friday, Aug. %

Friday, Aug. %.
SPIRITS-The turpentine market
opened firm to-day at 3315c bid, with
no sales reported, and closed firm at
33%c, with closing sales of 226 The
demand was satisfactory. During the
week there was a lull in. this inquiry
and this, in addition to backwardness
in trading, caused the price to drop
as low as 33Ac. Recovered strength
brought a rally that restored the price,
however, and the closing finds the sit
uation fairly firm and active. Receipts
to-day GIG, and the exports 5.
ROSINS-The rosin market remained
firm most of the week. The closing
to-day is firm at yesterdays prices ex-
cept K, which settled down at the
inside price. Receipts to-day 1928, and
the exports 1,211.
Quotations-At the close of the mar
ket to-day the following quotations
were bulletined at the Board of Trade:
Spirits Turpentine-Firm, 33%c;
sales, 226.
The Savannah morning news., 1901-08-24
REVIEW OF MARKETS
CONDITION OF GENERAL TRADE
DURING THE PAST WEEK.
cotton FUTURES CLIMBING.
yoUEEzE IN LIVERPOOL AND BAD
CROP ACCOUNTS THE CAUSE.

mia Turpentine Market Reacts to
4ba Extent of Its Losses and Closes
Eirm-ROsins Firm and i'm Fair
Reauest-spot Cotton sc Above
Last Friday-LOcal and Tele-
Graphic Markets.
The Morning News Office,
Friday, Aug. %.
THE buoyancy of the cotton futures
,,arket and the advances scored as a
result of the reported squeeze in Liver
,,ool together with unfavorable crop
accounts from many important Sec
tions of the cotton belt, has been the
market feature of the commercial week
closing to-day. Bullish reports are fill
inc the air at present. and with each
successive development the market
takes an upward bound. AS is the case
with all upward spurts shorts have
been frightened and are scurrying to
cover. thereby adding renewed strength
TO the situation. Spots have SYM
pathized to some extent, and while the
gains have not been large, a decided
" firmer tone has been impaired to all
leading markets. A renewed demand
from spinners is having much to do
with the improvement in spots.
The spirits turpentine market closed
firm to-day at $500 with a satisfactory
demand prevailing. For a few days
during the week it, looked like the
market was to break sharply, but re-
newed buying started, and the market
reacted to the extent of its losses. At
one time the price dropped to 33Ac,
with factors holdings apparently go
ing begging. Resins closed firm, with
the demand fairly good. The wholesale
markets closed steady and in the main
unchanged. The following resume of
the markets will show their tone and
quotations at the closing to-day:
The Savannah morning news., 1901-08-24
TO THE NORTH AND WEST.

Trains arrive Savannah as follows:
No Is daily from New York, Wash
ington and Cincinnati $3.50 a. m.
No. 80 daily from New York and
Washington, S:05 D. 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. Vesti-
buled limited trains with Pullman
drawing room sleeping cars between
Savannah and New York. Connect at
Washington with Colonial Express for
Boston. Pullman sleeping cars between
Charlotte and Richmond and Charlotte
and Norfolk. Dining cars serve all
meals between Savannah and Wash
ington.
Trains IS and SO daily, THE UNITED
STATES FAST MAIL Vestibuled linn
tied trains, carrying Pullman drawing
room sleeping cars between Savannah
and New York. Dining cars serve all
meals between Savannah and Wash,
ington. Also Pullman drawing room
sleeping cars between Savannah and
Cincinnati, through Asheville, and 1.-THE
Land of the Sky"
For information as to rates, sched-
ules, etc, apply to
F. S. CANNON, Sd V. p. and C. M.
S. H. HARDWICK, G. p. A., Wash
ington, d. c.
w. II. TAYLOE, A. G. P. A, Atlanta.
r. c. BLATTNER, Depot Ticket
Agent, Plant System Station, Savan-
nah, Ga.
e. G. THOMSON, C. P. & t. A.. sa-
vannah, Ga, 141 Bull street. Phone
$50.
The Savannah morning news., 1901-08-24
LIVERPOOL COTTON MARKET.

Liverpool. Aug. 2S.-Spot, moderate
business; prices strong; American mid
ding fair 1890; good middling,
5-32d; middling, 4%d; low middling,
4 21-32d; good ordinary, 1890; ordi
nary 5-32d. The sales of the day
were 1000 bales, of which 500 were for
speculation and export, and included
$500 bales, American. Receipts 5,400
bales, all American.
Futures opened firm and closed
strong; American middling, low mid
ding clause. 4.50@4.51d, buyers; Au-
gust September, 4.47@4 .4Sd, buyers;
September. 4.47@4. 4Sd, buyers; October
g.o.c., Add, sellers; October November
4 .26d, sellers; November December
422@4. 23d, buyers; December January
4.22@4. 23d, sellers; January February
42ed, buyers; February March, 422d
value; March-April 4.22d, value.
The Savannah morning news., 1901-08-24
Hubb.rd Bros. 8 CO.'S cotton Letter.

New York, Aug. 23.-The develop
ment of the squeeze in the near posi-
tons in Liverpool brought about the
sharpest advance of the season with a
strong closing in that market. Our
traders have realized a portion of their
holdings, but do not look for any
change in the market, except possibly
a reaction until more is known of the
crop outlook. They look for poor
Chronicle report tomorrow, and an
other poor bureau report on Tuesday
next on account of the heavy rains In
the Atlantic. While adding to the crop
with a late frost these rains are ex-
pected to delay the opening of the
crops. and to make a light September
movement. This situation between the
crops makes a strong position regard
less of the ultimate yield of cotton.
Shorts were free buyers in Liverpool
during the entire morning.
The Savannah morning news., 1901-08-24
SEA ISLAND COTTON,
Week ending Aug
COTTON FUTURES.
The Market Closes steady SG1O
Points Higher.


New York, Aug. 23.-The market for
cotton futures opened firm in tone,
with prices up to IA points in response
to sensationally strong Liverpool ca
bles, latter causing a stampede of
shorts here and stimulating investment
support. Soon after the call the trad
ing level advanced to 14@17 points over
last nights closing bids, after which
fluctuations were very irregular, ac-
cording as profit taking sales or new
buying gained control. Yet the course
of the market was unquestionably up
ward, on an unusually strong combi
nation of bullish influences. The most
potent factor was a small panic of
shorts in Liverpool, where prices were
up 10 to IA points, instead of the
points as expected on our closing of
yesterday. The scare abroad was d.
rectly due to inability of spinners and
August shorts to secure the cotton
needed of the European bear interests
with the usual ultimate result of a
complete rout of the short interest.
Bulls were quick to take advantage of
the situation and bid the English mar
ket up with great confidence. Gables
to this effect did much to enthuse the
bull element here. Next to the foreign
llcWo, lldIhGl dQNtCtS IIOln NEW OT~
leans had precedence. The August cor
ner frightened rapidly, that option
reaching S75c, or 35 points over the fig
ure current last night. The later
months were also very strong and the
bear contingent made little defense.
The views of spot cotton holders har-
dened apace and while there was a
large export and domestic mill demand
at higher prices, sales were very small.
The print cloth sale, of some 200, 900
pieces, in Fall River at an advance of
lie cent, with the further advance in
cotton cloths of lis cent, helped ma
terially to tone up the speculative mar
ket here. The weather conditions pres
ent and prospective, were far from
what was desired; rains have fallen
and indications are that they will con-
tinue to fall over the Eastern half of
the belt; drought continued pretty
much over the entire Western belt. In
the local market Fall River spinners
were liberal buyers of the fall months
on weak spots. Europe purchased on
large scale, though nervously,
throughout the list. In the last half
hour the market eased off to the low
point of the day under selling for
profits by the room element The close
was steady, with prices net to 10
points higher.
The Savannah morning news., 1901-08-24
STOCKS AND BONDS.
A show of Animation Carries VAL
ues Upward.


New York, Aug. 23.-The Wall street
district had more appearance of anil
nation to-day than for a long time
past. The prolonged and persistent re-
sistance of the market to any factors
of depression and the scarcity of stocks
offering, Notwithstanding the very con-
siderable advance in the level OF prices
during the last two weeks apparently
prompted the professional traders to-
day, as though by common impulse,
to inaugurate a movement to put
prices up. There was no indication
that the general public was taking any
part in the movement, the commission
houses continuing to complain of lack
OF business. but the professional OPP
orators at work made play with freer
hand than has been the recent rule.
There were no very large individual
transactions, but the number of 1000
share lots was very conspicuous and
was well distributed throughout the
room. The dominant speculation was
in the Pacifics and Southwesterns,
Union Pacific leading the railroad list
in point of strength and activity with
an extreme rise of "a. The so-called
Gould stocks were all active and strong,
including the Denver and Rio Grande
stocks and the Colorado and Southern
stocks, the latter apparently on a sup
position that developments are inn
pending looking TO its absorption into
the Gould system. The grain carrying
roads, as a whole, were affected by the
decided weakness in the corn market,
indicating the recuperation in the corn
crop. The continued heavy foreign de-
mand for wheat, coupled with the re-
ported good condition of that CROP was
also an element. Amalgamated Cop
per was in very large demand, not
withstanding the denials of reports that
further absorption of copper interests
was intended. The extreme rise in
Amalgamated Copper was 2ss. There
The Savannah morning news., 1901-08-24
MURPHY a. CO INC

Houston-Steady; middling, S7-16c;
net receipts, 1887; gross, 1897; sales,
so; stock, 14,07S.
New York-Steady; middling, S9sc;
net receipts, II; gross, 800; sales, 1.O62;
stock, 1884. Exports-To the CONT
nent, AL
Total To-day (all seaports)-Net re-
ceipts, 3,419; to the continent, 1872;
stock, 253 6O4.
Consolidated (all seaports)-Net re-
ceipts, 1928; to Great Britain, 1898; to
france, 60; to the continent, 1884.
Total Since Sept. NET receipts. T.
4S3,091; to Great Britain, $685.. 9S9: to
France, 72S,S59; to the continent, 2.612,-
504 '-'
The Savannah morning news., 1901-08-24
Secretary Hester's statement.

Hester's statement of the worlds wish
BILE supply of cotton shows the total
visible to be 1,747,278 against 1.112,3lS
last year. OF this the total of American
cotton is 1,045,27S against 621,S13 last
year, and of all other kinds, including
Egypt, Brazil, India, ETC., 100000
against 491, 900 last year.
OF the worlds visible supply there is
now afioat and held in Great Britain
and Continental Europe 1913, 900 against
$4,000 last year; in Egypt $1,000 against
1900 last year; in India $4,000 against
269,000 last year, and in the United
States $4,000 against 1923, 200 last year
The Savannah morning news., 1901-08-24
MONEY MARKET

New York, Aug. 23.-Money on call
steady at 2A@21a per cent; last loan,
"a per cent; prime mercantile paper,
1905 per cent. sterling exchange firm,
with actual business in bankers bills,
at s4.S7 for demand, and at 81. $40
4.S45s for sixty days; posted rates,
"a S5A and s4.SS; commercial bills,
81 S3sz "a SAN: bar silver, $3.50; Mexi-
can dollars. 45kc: government bonds
steady; state bonds inactive; railroad
bonds strong.
The Savannah morning news., 1901-08-24
COTTON,

The spot cotton market developed
material strength during the week. The
closing was firm to-day, with all grades
showing an advance of &c over last
Fridays prices. Spot sales to-day, 20.
Receipts S02, against 1863 last year, and
69l year before last. Cotton futures
at New York steady with prices 500
points higher. The better tone of both
the Spot and future markets is largely
due to the improved demand from
spinners. and the gloomy crop accounts
from several of the most important sec
tons of the cotton belt. Savannah
sales, upland week, 453. Sales this
season, S6,513 upland, and 67,O5S sea ISL
and.
The following were the official spot
quotations at the close of the market
at the Cotton Exchange to-day: @
The Savannah morning news., 1901-08-24
FINANCIAL.
MONEY-Money. easy.
mon TNV~Ay ~. r,nr1s

MONEY-Money, easy.
FOREIGN MARKETS-Market dull
and easy. Commercial demand, $4S7ls;
so days, $4.S5: 80 days. SASSY; francs,
Paris and Havre, 60 days, $5.1SA /;
Swiss, so days, 1921; Belgian, S.. 203s :
marks, 60 days. "a 1916; 80 days,
"a gle.
DOMESTIC EXCHANGE - Steady:
banks are buying at lie discount and
selling as follows; $25 and under, 1Oc
premium; $25 to $50. 15c premium: $50
to 500, zoe premium; 800 to $3.50. 25c
premium; 5000 to $3.50 lilo premium
$1,000 and over, 75c per NJ.
SECURITIES-The security market
1t about lifeless and quotations are
nominal.
The Savannah morning news., 1901-08-24
DRY GOODS.

New York, Aug. 23.-There has been
a revival of demand for print cloths
and prices have advanced to the basis
of 21a@2 9-16 for regulars. In brown
sheetings and drills the market is
without change. Bleached and coarse
colored cottons quiet at previous
prices. Prints and ginghams steady.
Linens firm, but quiet. Burlaps dull
and easy.
The Savannah morning news., 1901-08-24
BEAUFORT SCHEDULE.

Steamer leaves for Beaufort Port
Royal and way landings Monday, We'd
nesday, and Friday. at $3.50 a. M, city
time, returning same day. Family ex-
cursion rate (parties OF 5 or more), soc
round trip.
Office, foot of Whitaker street. Phone
$40. II. A. STROBHAR, Agent.
The Savannah morning news., 1901-08-24
SQVQllQn bQDk \ Trust Go.
Capital $3.50, 900.

JOSEPH D. WEED, President.
JOHN c. ROWLAND. Vice President.
VIM. F. McCAULEY, Cashier.
s. L. CLAY. Assistant Cashier.
A general banking and exchange busi-
ness transacted
Savings Department, interest computed
quarterly.
Accounts of merchants, banks and cor
porstions solicited.
American Express Company's letters OF
crsult 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., 1901-08-24
merchants Z Miners Transportation Go
STEAMSHIP LINES
To Baltimore & PHILADELPHIA

Tickets on Sale to All Points North
and West.
First-class tickets include meals and
berths Savannah to Baltimore and
Philadelphia. Accommodations and
cuisine unequaled.
The steamships of this company are
appointed to sail from Savannah as
follows Central Standard Time):
TO BALTIMORE.
HUDSON, Capt. Robinson, SATUR-
DAY, Aug. "a, at loo p. m.
NEW ORLEANS, Capt Diggs, TUES
DAY, Aug. "a, at 800 p. m.
D. H. MILLER, Capt. Peters. THURS
DAY, Aug. 20, at 500 p. m.
TO PHILADELPHIA.
BERKSHIRE, Capt. Ryan, MONDAY,
Aug. rs, at 800 p. m.
ALLEGHANY, Capt. Foster, FRIDAY.
Aug. 30, at 500 p. m.
BERKSHIRE, Capt Ryan, TUESDAY,
Sept. 3, at 500 p. m.
ALLEGHANY, Capt Foster, SATUR-
DAY, Sept. 7, at 100 p. m.
Ticket Office, No. .112 Bull street.
]. ]. CARoLAN, Agent.
NEWCOMB COHEN, Trav. Agt.
Savannah, Ga.
w. P. TURNER, G. p. A.
A. D. STEBBINS, A. T. M.
j. c. WHITNEY, Traffic Manager.
General Offices Baltimore, Md.
The Savannah morning news., 1901-08-24

STOCK on hand ......,..... 34,0y3 IO7, rs
Charleston, S. c., Aug. 23.-Turpen-
tine. nothing doing; quotations omitted.
Rosin firm. unchanged.
Wilmington. N. c., Aug. 23.-Spirits
turpentine steady. 32633c; receipts 1856.
Rosin firm, 95c@$1 90; receipts 512.
Crude turpentine quiet, 81 .0001 80;
receipts, 122.
Tar steady, 81 .35; receipts, 35.
New Orleans, Aug. 2S.-Receipts,
rosin 275; turpentine 40.
New York, Aug. 23.-Rosin, quiet.
Turpentine, dull; S6@S61sc.
The Savannah morning news., 1901-08-24
New York Bank CIearing-.

New York, Aug 23.-Total bank
clearings week ending Aug. %. sl.70S,-
422, Co., increase 34.7 per cent: outside
of New York. $677, S5S. 637, increase 23.9
per cent.
The Savannah morning news., 1901-08-24
FLUCTUATIONS IN FUTURES.

New York, Aug. 23.-Cotton futures
opened firm and closed steady. Prices
as follows:
The Savannah morning news., 1901-08-24

Magnificent Pullman buffet sleeping
car service to Norfolk. Washington.
Baltimore, Philadelphia and New
York; also to Jacksonville and Tampa.
Buffet parlor cars. Savannah to
Montgomery.
For additional information, apply to
Ticket Office, Bull and Bryan streets;
phone 20.
The Savannah morning news., 1901-08-24
BETWEEN SAVANNAH AND TY-
REE.

BETWEEN SAVANNAH AND TY-
BEE.
Standard Goth meridian) time, one
hour slower than Savannah city time.
LEAVE SAVANNAH. I'd
Daily, except Sunday, 5:45 q. m, a.
M, 2:30 p. m, APO p. M, 900 p. m,
7:40 p. m.
Sundays only, 7:25 a. m, 900 a. m,
1900 a. M, 230 p. M, 4:20 p. M. 600
p. M, 7:40 p. m.
LEAVE TYBEE.
Daily, except Sunday, 500 a. m, TOO
a. m. 1000 a. m, sos D. m, 6:45 p. M.
9:15 p. m.
Sundays only, 500 a. M. S:15 a. M.
1000 a. m, 11:50 a. M. sos p. M. 6:ts
p. M, s:l5 p. m.
'Daily. sExcept Sunday. ISunday
only.
Connections made at terminal points
with all trains Northwest, West and
Southwest.
Sleeping cars on night trains between
Savannah and Augusta, Macon, At
lanta and Birmingham.
Parlor cars on day trains between
Savannah, Macon and Atlanta.
For complete information, schedules,
rates and connections. apply to
w. G. BREWER, City Ticket and
Passenger Agent, 107 Bull street, or
w. r. MCINTYRE, Depot Ticket
Agent.
]. C. HALLE, General Passenger
Agent.
e. H. HINTON, Traffic Manager.
THEO. d. KLINE, General Superin-
tendent. Savannah, Ga.
The Savannah morning news., 1901-08-24
OO-01.l1s9O-00.

Comparative statement of net re-
CENTS AT all the ports from Sept. 1. 1900,
to Friday evening, Aug. %, 1901, and
from Sept. l, 1899. to Friday Aug. "a,
1900.
The Savannah morning news., 1901-08-24

Stock of cotton at all ports, Aug. 20,
1901, and on the same day of the week
last year:
The Savannah morning news., 1901-08-24
ON Railway.

Trains arrive and depart Savannah on
goth meridian time-one hour slower
than city time.
Schedule Effective June &c, 1901.
TO THE NORTH AND EAST.
The Savannah morning news., 1901-08-24

Same Day Last Year
Spirits Turpentine-Firm, at 36c
sales LILO casks.
ROSin-EirOn. saIaS A 07n