davidaulloa/AmericanStories huggingface dataset:
Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1901-04-18
Democratic Editors Met

Harrisburg, April 18.-At the an.
nual meeting of the State Democrati,,
Editorial association the following of
fcers were elected: President
Trey Meek; vice presidents, j. Irwin
steele Jere zeamer; secretary am
treasurer, W. ?. Hastings; executive
committee, j. irwin Steele, Jere Zeam.
er' T. Grey Meek, D. A. Orr. George
r. Elwell, J. " Maloy. John B. co.'s.
ton John T. sipes ". P. Hastings
Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1901-04-18
j. K. Lamsley suicided.

GAINESVILLE. O., April Isl. K.
Lamsley, OF Lowell. drowned himself
Wednesday in the Muskingum river.
1t is alleged he was short in his ac.
counts as township treasurer and that
his bondsmen Tuesday evening mott.
fed him they would no longer be re-
sponsible.
Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1901-04-18
Options Secured on Laundries.

Youngstown, O., April 1S.-Options
were secured on seven laundries of
the city. a company with a capital
stock Of 100000 will be formed to
operate them. Leo Guthman is the
head of the combination The Chi
nese owning loandries in this city re-
fused to go into the combine.
Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1901-04-18
Breckenridge to Be Manager.

Toledo, O., April 1S.-E. p. Brock
inridge, principal owner of the To
ledo tin can factory recently absorbed
by the trust, may be sent to New York
today as general manager Of the man
ufacturing department of the com
bine Karl S. Breckenridge. it was
expected, will manage the local plant.
Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1901-04-18
WeIsbach Lights Reduced to SIZE

Large mica chimneys 40c extra. We
are the only authorized agents for
the genuine 'sWelsbach. All other
incandescent lamps are infringements.
$500 reward for the conviction of
my one selling spurious burners as
W.
Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1901-04-18
WEATHER FORECAST

Ohio. Western Pennsylvania and
West Virginia-Rain and colder to-
day. Tomorrow probably fair: south,
erly. shifting winds.
Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1901-04-18
John Albert Skooq Dead.

New York. April 1S.-John Albert
sSkoog, alias Albert Jensen, the al.
legged aounterfeiter, who shot himself
twice in the head, April 8, died.
Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1901-04-18
An Important Want Supplied.

The Morgantown Planning
Mill Company have added to
their well equipped Plant a
modern Iron Lathe and
James M. Hoge to oper-
ate IL. Deeming this sufi-
ciert notice to the public to
secure plenty Of patronage.
Their Lumber and Planning
Mill Departments are doing
the largest business ever done
in the county, the reason for
this is fair dealing, quick de
livery, large stock and low
prices.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-10-04
Murphy & Co.'S Cotton Letter. .

New York. Oct. 3-Uncertainty as to
the character of the bureau report
caused suspense this morning First
prices were at an advance of to 4
points. This was based on the very
good showing at Liverpool, where the
increased spot demand of yesterday
and the day before was further in ev-
idence in spot sales of IL, 900 bales at
higher prices. Low temperature at st.
Louis made shorts nervous although
the range was far from freezing point
in the cotton belt proper. Receipts are
keeping at a point too low to warrant
high crop estimates, the ports to-day
being about $4,000. against 10000 last
year. Numerous selling appeared to-
wards noon, and prices lost to 6
points from yesterday. The bureau fig
ures of 61.4, against 20 last year caused
general surprise and the market again
started upwards Crop estimates were
reduced everywhere and the expecta-
ton was that Liverpool would advance
sharply tomorrow, and spinners be-
come demoralized. The receipts since
Sept. are $500 against 724.000 last
year. Exports are 3S4,000 against $780,
600 last year. Spot cotton at New York
is quoted at about 81 against 1915 on
same date last year and at Liverpool
at Az against 7-16 last year. ALI
ports hold 307. 900 against $4,000 last
year. Fair weather prevailed all over
the South to-day, excepting .0S inch
rain at Charleston. The temperature
was Augusta, 50; Charleston, IS;
Montgomery, 81; Palestine, So; Oklaho>
ma, ST. Atlanta, So; New Orleans, 6S;
Galveston, "a. The forecast for fair
weather in the Southwest.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-10-04
NEW ORLEANS COTTON FUTURES.
New Orleans. Oct. S.-cotton futures
PRICE ON COTTON.
An Experts Analysis of the BuIIish
Bureau Estimate.


New York, Oct. 3.-Were it not that
a comparative crop disaster in any
great staple is unquestionably a source
of far reaching disaster to many, the
showing made by the Agricultural De-
partment at Washington, in it's report
on the condition of the cotton crop,
published to-day, would be amusing IN
some of it's aspects. For several
months past a group of spectators in
the great cotton markets of the world
have deluded themselves, and very
large portion of the spinning trade into
a belief that the Southern cotton crop
this year would be a comparatively
large one. They overlooked the real
facts of the situation, and have pro-
ceeded upon the assumption that the
financial resources and mercantile in
telligence of the South had failed to
progress during the past ten years, and
that whatever the size of the crop 1t
was practicable through offering to
contract for the delivery of cotton,
they did not possess to force Southern
producers and merchants into a relin-
quishment of their most valuable prod
uct under intimidating predictions of a
pletnOrlc supply, ana an lmpecunlOus
ownership. The report of the agricul-
tural department, which of late has
attained an accuracy that justif1es the
utmost confidence in it's pre-
dictions, makes the condition of the
crop on the first Of October the lowest
with one exception of the past nineteen
years.
The condition as reported is 61.4 per
cent. In only one year, namely 1895,
was 1t lower than this and then only
by 40 of one per cent, the difference
being unappreciable The most sem
sational feature of to-day's report,
however, Is that the. conditions in the
great producing states of Texas, Ar
kansas, Indian Territory and Okla
homa are practically the lowest on re-
cord, while the states east of the Mis-,
sissippi, and especially the state of
Mississippi itself, show astonishing
declines. This report is a practical
confirmation in the most unmistake-
able terms of the predictions of many
close observers, and its announcement
threw the New York market into a
complete bear panic, an advance OF
thirty points, or $l.50 a bale. being
established within the three hours ar
ter it's publication. This advance was
established on comparatively small
trading and 1t Is generally believed
that m enormous short interest in con-
tracts is tonight unprotected and that
the bears who have sold cotton are
measurably at the mercy Of the other
parties TO the contracts.
The local speculative situation is In
my opinion, however, the least impor-
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-10-04
COTTON.

spot cotton rose on the bullish bu-
reau and the general bullish feeling
which prevailed at all trading centers.
The market opened unchanged, with
sales of 267, advanced lie at the noon
calL with further sales of 474, making
the days transactions 1880. The de-
mand was satisfactory, though there
was considerable hesitancy. The bu
reau report gave such a startling bull
lsh tone to the entire cotton situation
that the latter part of the day was
given by many to consideration of
what may be expected as a result of it.
The receipts were 1887, against 9.716
last year, and S,O55 the year before
last. Cotton for through shipment was
in moderate demand. The country
hesitated about selling except at their
own figures. Fully good middling was
currently quoted around SIC to s 5-16c.
ana basis good middling Sk to SIC.
Cotton futures at New York closed
steady II to "a points up.
Inc following were the official spot
quotations at the close of the market
at the Cotton Exchange to-day:
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-10-04

Trains arrive Savannah as follows:
No. 80 daily from New York, Wash
ington and Cincinnati 4:50 a. m.
NO. 80 daily from New York and
washington, sos y. m.
All trains arrive and depart from
the Plant System station.
THROUGH CAR SERVICE, ETC.
Trains SO and 81 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 ". p. and q. M.
s, II. HARDW1CK, G. P. A, Wash
ington. d. C.
w. H. TAYLoE. A. G.. p. A., Atlanta.
r. G. BLATTNER, Depot Ticket
Agent Plant System Station, Savan-
nah. Ga.
e. G. THOMSON, c. p. & t. A.. sa-
vannah, Ga, 141 Bull street. Phone
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-10-04
THE RICE MARKET.

While there is the usual looking for
ward to recession in values, nothing
appears in sight at the moment, to in
duce this. No 6iminution of demand
Is possible from regular distributive
channels, and the movement for ex-
port likely at any moment to become a
prominent factor in market. Orders
are now in hand, awaiting fulfllment
as stipulated grades may offer.
Advices from the South note enlarg-
ing receipts and generally active cons
ditions in all markets along the At
lantic coast. In New Orleans and
throughout the Southwest, supply and
demand is about of equal proportions
and as result, former figures are
firmly maintained. Receipts continue
light and most lively contest among
the respective mills to obtain a run>
ming supply.
Cables and correspondence from
abroad note sluggish movement but
with short stocks there is every rea-
son to look for a steady market and
with any increase of business, to ex
pect higher prices. Values, in COM
parison with other seasons, appear
high and tend to make operators con-
sentative although no reaction is pos
sible before the arrival Of new crop
the coming spring.
Talmage, New Orleans, telegraphs
louisiana crop movement to date:
Receipts, rough. 31S 440 sacks; last
year, 1853. 4S6 sacks. Sales, cleaned (est)
180,S69 pockets; last year. 207,273 pock-
cts. Demand free; market firm.
Talmage, Charleston. reports Allan
tic coast crop of 1900 1901, as follows:
Cleaned. North Carolina, $500 barrels
South Carolina, $3.50 barrels; Georgia,
34,500 barrels. Total, 1880 barrels.
Receipts present year since Septem-
Der 1, $3.50 barrels. Sales, 3.025 barrels,
Good distributive demand at unchanged
quotations.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-10-04
H. & D. Beers Cotton Letter.

New Orleans. Oct. 3.-Early Liver
pool advices were favorable, the feel
ing being bullish on account of small
stock figures and good spot demand
in face of limited offerings from
America. Our market opened higher
in sympathy, subsequently eased off 10
on the later easiness in Liverpool, but
when the bureau was issued giving the
general average condition 61.4 per cent
as compared to 81 last year, prices
jumped up quickly, improving "a from
the bottom. selling off slightly near the
close, making the net gain % to 20
points on the day. Even the most
pessimistic crop people were surprised
at the low per centage of 61.4 per cent.
for the general average condition, as
issued by the bureau to-day. II was
thought generally that it would be GA,
therefore the trade was certainly not
prepared for the figures officially pro.
mulgated. The average given for
Texas 81 Is considered absurd by a
great many, and the whole report 10
discredited by a number, while others
believe 1t might be correct. However,
il matters not what differences may
exist, II Europe becomes frightened,
the market will enhance sharply. On
the other hand If they take no stock
i'm the document, II will require a brisk
spot demand or a revival in specula-
ton to maintain any advance.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-10-04
COTTON FUTURES.
The Market Steady at n Rise of 21@
% Points.


New York. Oct. S.-The cotton mar
ket opened steady with prices points
higher to 1 point lower. The early
firmness was chiefly in the nearer po-
sitions as they had a special demand
in the way of covering. Later the
market gave way and prices sold off
10 to IL points, with January declining
to 1853. The decline was sullen and
slow; not much business was done at
the low figures. At noon January cot
ton, the speculative favorite, was
dragging at 7.6S@7 .69c. Then the gov.
eminent report was read, giving the
condition as 61.4. Immediately the
widest excitement prevailed as this
meant decline of 10 points for the
month and the lowest showing for a
term of years. Enormous blocks of
cotton were bid for. The upward
movement did not stop until January
touched 500. The selling was in most
cases by parties who had profits in
sight and were willing to secure them
There was some selling, however, for.
short account. The market eased off
only a trifle at the close, and was
finally steady in tone at net rise of
q to "a points. Trading was very &C
tive all the afternoon with total sales
estimated at 250,00O bales or the largest
in some months.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-10-04
Capital $3.50, 900.
JOSEPH d. WEED. President.

tant aspect of the case. The varying
fortunes of those who bull or bear
the market for purely specu-
lative purposes do not have
any very profound effect upon the
trade except as they emphasize the
real and underlying facts of the stu
alton. These are as fololws First.
Practically the lowest condition of the
cotton crop on record, when the COM
parative production of the states whose
condition is poorest is taken into con-
sideration.
Second. A crop disaster which will
be still further intensified should an
early frost occur to more seriously
curtail the producing capacity Of a
plant extremely late in it's develop
ments and unfruitful in it's yield. On
the basis of the condition of the cot
ton crop, as published to-day it seems
to me improbable that the crop can
exceed 9,500,000 bales. I am confident
that it will not do so unless we have
an exceptionally late autumn On the
other hand, the worlds consumption
of American cotton, as recently esti-
mated by Mr.. Ellison. the well-known
English statistician, will be 1000. 900
bales, unless prices advance to a point
to check it. Stocks of cotton at the
centers of the worlds accumulation
are the smallest on record since the
American war, with the exception of
last year. The last weekly figures
made up show that the stocks of
American cotton in Liverpool and on
the continent and afloat for Europe
were only 454.000 bales, as against $780,
600 last year, which was the smallest
on record. The stock of cotton in New
York available for delivery on contract
MIGHT ia onlV as 400 ha1pS
The amount of cotton sold for future
delivery in New York prior to Jan. 81,
it is impossible to estimate; an extreme
ly conservative guess would be that it
is ten or twenty times the New York
stock
The price of print cloths at Fall Riv-
err is 3 cents yard, and operatives
wages are being advanced. Stocks of
manufactured cotton goods throughout
America are light. 1t is universally
conceded that the hand to mouth pol
icy of European spinners leaves them
in position in which they must buy
to cover enormous contracts already
made for the future delivery of goods.
Under conditions far less stringent last
year cotton sold at seven pence pound
in Liverpool and IL cents a pound in
New York. These prices resulted from
the legitimate demand for the article,
and were not created upon a leverage
of any such short interest as now ex-
lists. 1t seems therefore not improb-
able that the cotton trade of the world
Will only adjust itself to the alarming
conditions indicated by to-days gov
eminent report through a convulsive
and sensational advance. The condi-
lions both speculative and legitimate
never so favored it and the short in
terest has rarely been in such an I'M
protected position. The producers of
cotton in the South have it within their
power to realize prices for their crop
which the conditions justify, and if
their advantage is not pushed too far,
it seems not improbable that for that
portion of the crop now unmarketed
cents a pound at the Southern markets
may readily be obtained.
Theodore H Price
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-10-04
TRADE and FINANCE
n,,1IsH BUREAU ESTIMATE SAR-
pIEs COTTON FUTURES UPWARD.
CONDITION OF THIS CROP 61.4.
sroT MARKETS STEADY AT THE
ADVANCE ON ALL GRADES.

The Protracted Hesitation Broken,
the Market-LiverpOol Will Reflect
the Views on the other Side--Tur-
rentine Firm at 34c--Rosins Firm
and Unchnnged-Local and Tele-
graphic Markets.
The Morning News Office,
Thursday. Oct. 8.
The repeated bullish statements
which have appeared on the condition
of the cotton croA were corroborated
to-day by a bureg estimate showing
the average crop condition to be below
that for the corresponding period dur
ing recent years. The government
shows the average as 61.4, which is said
TO mean crop of from 100000 to TO-
100000 bales.
Upon the receipt of this news cotton
futures at New York bounded upwards,
and the effect produced the widest ex-
element on the exchanges. The con-
firmation by the government of the va
rious limited crop statements which
have been promulgated of late marks
the culmination of the long period of
Hesitation which has tended to restrict
transactions at all trading centers.
Spinners have acted on the presumption
that developments would show a large
crop, that the movement to the ports
later would be with such freedom as
to demoralize the market and bring
about declines that would enable them
to obtain supplies at a much lower
than the present basis. Consequently
they bought only from hand to mouth,
pursuing the same policy as last year,
when the high prices at the opening
of the season were later hammered
down by this piecemeal process. That
the same policy was settled upon for
this season is generally admitted
among the trade.
Under these circumstances the ques-
ton most generally asked to-day at the
Cotton Exchange was whether the bu-
reau estimate would have the effect of
causing SpinnerS to get a hustle on
themselves. If they accept what seems
to be the generally agreed condition of
this crop they may enter the market.
This will create a demand that will
very likely carry prices skyward One
man said he dreamed values vaulted
to Is cents for basis good middling,
and he is a believer in dreams. What
ever the market movement may be it
seems that the hesitation has at last
been broken, and that a bull campaign
is inaugurated, based upon a confirma-
ton of short crop estimates from near
ly every section of the cotton belt. Flu
lures at New York closed steady, 81
to Is points up. Spot markets closed
steady at the advance.
Spirits of turpentne closed firm at
FAC, with the demand satisfactory. Res-
closed q mr.
good demand for the offerings. The fol-
lowing resume of the markets will show
their tone and quotations at the clos
ing to-day
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-10-04

General activity prevailed in the sea
island cotton market during the week.
que TO the demand from exporters for
cotton for September clearances. Ow-
ing to the urgent nature of this de.
mand both old and new cotton was
taken, and at prices which possibly
could not have been obtained under diff
Ierent circumstances. Extra choice to
fancy Georgias sold around 10000
While extra choice to fancy Floridas
brought 21Q22c. Owing to the lateness
OF the crop predictions are heard that
prices may continue at satisfactory
basis to holders, as spinners may de-
sire supplies after the delay. Frost is
the important consideration, however,
and pending a killing precipitation the
market may be subject to much uncer-
tainty. The movement for the week
follows:
Week ending Sept 81
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-10-04
NAVAL STORES.

Thursday, Oct. 3.
SPIRITS.-The market opened firm
at 33Ac, with sales of 1856, and later
stiffened on buying from several
sources, closing firm at 34c, with sales
of $50. Up to the closing the market
was firm, and 1t was not understood to
yield any after the closing. The en-
tire of the days receipts were in de-
mand at the advance, which was free
ly paid by those responsible for the inn
provement. Receipts were $50, and the
exports none.
ROSINS. The rosin market closed
firm and featureless with the offerings
in satisfactory demand. While there
was nothing out of the ordinary dur
ing the day interest was maintained by
general inquiry for supplies. The re-
ceipts were 2,403, and the exports none.
pricns as follows.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-10-04
LIVERPOOL COTTON MARKET.

Liverpool, Oct. Spot, moderate
business; American middling fair,
3 1-32d; good middhng, 4 27-32d; mid
ding, 45sd; low middling, 7-16d; good
ordinary, 47-32d; ordinary, 31-S2d
The sales of the day were Is, 1000 bales,
of which 1000 were for speculation ana
export, and included 1900 American;
receipts, 5000. no American.
Futures opened quiet and closed
barely steady; American middling, low
middling clause: October 26d, SELL
ers; October November, 41sd, sellers;
November December 4.16d. buyers;
December-January, ,15d, buyers; jan
uary-February, 4.15d. sellers; Febru-
ary-March, 4.15d, sellers; March April,
4.15d, buyers: April-May. 4.15@4. 16d,
sellers; MayJune, 4.15@4. led, value.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-10-04
FINANCIAL.
MoNEY-Money. easy.

MONEY-Money. easy.
FOREIGN EXCHANGE - Markets
strong. Commercial demand, $484A /;
so days, $4.S2; 80 days, $4.S1; francs,
Paris and Havre, so days, $5.22N /;
Swiss. so days. $5.231a Belgian, $5.241s ;
marks, so days, 94A 80 days, "a.
DOMESTIC EXCHANGE = Steady;
banks are buying at u discount and
selling as follows; SIS and under, 10c
premium: s25 to $50, 15c premium; $50
to 800. zoe premium; 500 to 5000. Csc
premium; 5000 and over par.
SECURITIES-Noth at all doing
in securities, and quotations nominal.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-10-04
MONEY MARKET.

New York, Oct. S.--Money on call
steady, 3@4 per cent. last loan, per
cent; ruling rate, ga per cent. prime
mercantile paper, 4hQ5h per cent.
Sterling exchange steadier, with actual
business in bankers bills, at Assn for
demand, and at 81 S3A "a .SSss for six
ty days: posted rates, s4.S4 and $4.S4la;
commercial bills, S4.s2A@4.S2%; bar
silver, CSC; Mexican dollars, 45hc. Gov
eminent bonds steady; railroad bonds
irregular; state bonds inactive.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-10-04
Hubba I'd Bros. & Co... cotton Letter.

New York, oct. 3-The bureau re-
port was the feature OF the day during
the morning. The market had sold of
under the hedge sales Of exporters until
January sold at 769 just before the bu-
reau was issued. When this startling
news became known prices moved up
wards steadily until January sold at
90 an advance OF 30 points. This re-
port Is the most bullish one issued in
ten years by the bureau and is expect
ed TO bring in Europe as a buyer or
cotton as they are practically without
supplies. The trade thought the report
would be about 65 TO 81. Tomorrow's
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-10-04
H. & B. BEER,
Cotton Merchants,
NEW ORLEANS.

Members of New Orleans Cotton tx
change, New York Cotton Exchange and
Associate Members Liverpool Cotton Az
ISOLATION.
Special attention given to the execution
OF contracts for future delivery In cotton.