davidaulloa/AmericanStories huggingface dataset:
The Savannah morning news., 1901-10-06

Trains arrive Savannah as follows:
NO. 30 daily from New York, WASH
ington and Cincinnati 1850 a. m.
NO. 80 daily from New York and
Washington, 3:05 y. m.
All trains arrive and depart from
the Plant System station.
THROUGH CAR SERVICE, ETC.
Trains 80 and 81 daily NEW YORK
AND FLORIDA EXPRESS. Vesti-
ouled 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 Ss daily, THE UNITED
STATES FAST MAIL, Vestibuled linn
TIED trains, carrying Pullman drawing
room sleeping cars between Savannah
ana 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 THE
Land of the Skv.''
For information as to rates, sched-
ules. etc. apply to
F. S. CANNON, Sd ". P. and @. M.
S. II. HARDWICK, G. p. A, Wash
ington, d. c.
w. Fl. TAYLOE, A. G. p. A., Atlanta.
r. G. BLATTNER, Depot Ticket
Agent, Plant System Station, Savan-
nah. Ga.
f. G. THOMSON, c. p. & T. A.. sa-
vannah, Ca, 141 Bull street. Phone
The Savannah morning news., 1901-10-06

SO unpromising as officially promulgat-
ed by the government. The low condi-
tlon or 61.4 per cent. is interpreted as
pointing to crop of 10,500,000 to TO-
100000, and exporters are of the opin-
ion that if the outturn does not ex-
ceed these figures there will be an am
pie sufiiciency to supply the worlds
consumption under the existing I'M
satisfactory textile trade conditions
that prevail in Europe. Mr.. Ellison es-
Inmates that II, 100000 American is nee
essary this season. He was wrong last
year, and it is contended that he has
again oyer-estimated the American
consumption, when it is considered
that Egypt and India have good cot
ton crops. These differences of opinion
are what make fluctuations in a mar
ket, consequently if spinners remain
apathetic and receipts increase values
will seek lower level. If, however.
speculation is attracted to the article
and receipts continue light, prices may
advance further, provided there Is an
improved spot demand as well.
The Savannah morning news., 1901-10-06
NEW ORLEANS COTTON FUTURES.
New Orleans. oct. 5.-Cotton fu-
Prices Market Analysis.

New York, Oct. 5.-Futures in New
York closed at practically last nights
prices. With the advance established
after the government report was is
sued, well held, Notwithstanding de-
cline of some five points in Liverpool
to-day. Private cables attribute this
decline to desperate effort of the Liv-
erpool bear contingent to break the
market and still longer dissuade spin
ners from purchasing, and a higher
market is generally expected in Liver
pool on Monday in view of the strength
shown here, and especially in view of
the fact that nearly all the Southern
markets are firm and some of them
report higher quotations than were cur
rent yesterday. There is every expecta-
ton that receipts will continue light
during the coming week, although nat
urally some increase may be expected
as a result of cotton sold at the adj
vance. Middling cotton at nearly all
the Southern markets is now higher
than the price of October contracts in
New York. The position in this respect
is absolutely illogical and seems to
leave little room for any decline in New
York.
The facts developed in to-day's news
and most commented on are first, the
visible supply of American cotton as
made up last evening, is now $4,000
bales less than it was last year, and
second, that the stock of American in
Liverpool and afloat for that port is
practically the same as last year. I'm
der these conditions cotton sold in
Liverpool at I'd per pound, and in New
York at over 10 cents a pound last sea-
son.
The agricultural commissioner of the
state of Texas to-day publishes an esti-
mate putting the crop in that state at
2,450000. This is the lowest estimate
that has been heard from that state
from any well known authority. At
tention has been drawn to the fact that
the United States census shows that
the local mills in North Carolina last
year consumed 100000 bales more than
the crop of that state, while the local
mills in South Carolina. consumed with
In 100000 bales of entire production of
their state. This fact is hardly appre-
ciated abroad. Southern spinners are
reported to be buying up the receipts
in their home markets eagerly, recog-
nizing the conditions which confront
them. The talk of a strike at Fall River
is generally discredited. A strike in
view of the advancing prices for goods,
and the light stocks on hand, would be
an Industrial paradox. 1t is a matter
of remark on the Cotton Exchange here
that the older heads in the trade are
generally bullish, some Of them ex-
tremely so. The bearish opinions and
the vigorous efforts made to depress
the market originate for the most
part with a group of younger operators
who have not yet learned that in
test of opinion versus fact the latter
generally prevails. Some very recently
elected members are conspicuous.
Theodore H. Price.
The Savannah morning news., 1901-10-06
III. a. n. Beer,. Cotton Letter.

New Orleans, Oct. 5.--Liverpool ad-
vices were discouraging and our mar
ket in sympathy opened unchanged to
2 points lower, declined additional
on the easier feeling in spots, closing
at net loss of 415 points on the day
Upon careful reflection many operators
discredit the bureau, claiming that
September weather conditions have on
the whole been favorable to the crop
and the deterioration reported by that
authority must be due to exaggerat-
ed reports furnished by correspondents.
One thing noticeable was the lack of
buying from the interior, which would
look as IL the document was not be-
lieved in by those who ought to know
whether the crop In their sections was
The Savannah morning news., 1901-10-06

standing loans, bankers have been dis
eliminating against Industrial collat-
eral rather than marking up the ruling
rates for call loans. Owing to the con-
tinued firmness of sterling exchange,
in spite OF a larger supply of cotton
bills this week, relief by gold imports
does not appear imminent. Demand
continues from bankers short of ex-
change. and experts in that market de-
clare that a large short interest re-
mains to be covered during November.
1t is said that some fresh sterling loans
have been negotiated this week. The
loan increase in the bank statement
revealed that other forces are still at
work in the credit market, which off
set the stock market liquidation. This
and the renewed pressure against
Amalgamated Copper depressed the
whole market.
Railroad bonds have been dull and
irregular. United States IS declined q,
the IS y. the new As l per cent, The
refunding Is advanced q over the clos
ing call of last week.
Total sales of stocks to-day were 246,-
500 shares, including Atchison, 10000;
Erie, 11,700; Manhattan, $500; Penn
sylvania, 6.400; ST. Paul, 10.700; South
ern Pacific, 5000; Southern Railway
$500: Union Pacific, $500; Amalgamat-
ed Copper. 49500; American Smelling
$500; Brooklyn Transit, 5000; Peoples
Gas, $500; Sugar, 7S,200; United States
Steel. 14,700; United States Steel pre-
ferred, $500.
Sew York stock mud Hond List.
The Savannah morning news., 1901-10-06
Murphy & Co.'S Cotton Letter.

New York, Oct BIN the early cot
ton market to-day there was slightly
lower tendency for the immediate near
months and an improvement in the
more distant months. Liverpool lost
5 points to-day and this encouraged
local bears. Despite local hesitation
the underlying statement was favor
able. A threatened strike at Fall
River is being used by bears, but with
little effect. 1t is understood that the
situation of the dry goods trade could
hardly be better, and in these circum-
stances the cessation of operations at
mills could have no more than tenn
porarily depressing effect on the price
of the said material. The weather in
the South was clear, with light frost
on the northern borders. Bears raided
the market in a small way during the
morning, but there was little doing on
the whole, and confidence in higher
prices was mistaken. Port receipts to-
day, 1000 bales, against $4,000 last
year. According to reliable reports
from the Atlantic states very little
benefit to the crop has resulted in the
past sixty days, fruitage having been
of little consequence. Improvement in
cording to some correspondents, the
promise of a very bountiful yield,
which was indicated some weeks ago,
is completely negative. But for the
increased acreage the prospects would
be a sorry one, and this increase is es-
timated by some as high as Is per
cent in sections of the Atlantic
states. Everything there now hinges
on frost, and if this should occur
within the next three weeks, much will
be added to the crop. Mississippi ad-
vices are most conflicting, and we are
led to the conclusion that the situation
is nothing than more indicative of a
moderate yield.
The Savannah morning news., 1901-10-06
COTTON FUTURES.
The Market Closed Steady with
Prices Unchanged to I'm.

Frtces Unchanged to Up.
New York, Oct. 5.-The cotton mar
ket opened steady with prices points
lower to points higher, being a very
Indifferent response to weak cables and
the Fall River mill strike news. I'M
mediately after the call the trading
level was 2 to points above last
nights final bids, following which the
course of the market was irregular
within comparatively narrow range.
Selling by smaller holders caused a
sharp drop within the first hour New
ertheless, leading bulls and supporting
orders had the market, with the result
that marked weakness was at no time
apparent. Receipts were again very
light, the Chronicle summarized the
weather of the week South bullishly,
the forecast indicated rains for the
entire belt to-day and tomorrow.
while the strong position of the cloth
market was regarded as a full offset
against the strike at other mills
Before IL o'clock January had eased
off to 1888 around which figure there
was a large investment demand.
The market closed steady with prices
not unchanged to points lower.
The Savannah morning news., 1901-10-06
TRADE and FINANCE
.r,oN OF sPINNERs CAUSES
QUIET COTTON MARKETS.
SPOTS QUIET AND STEADY.
.xD LIGHT FOR ALL CLASSES
az COTTON IN LOCAL MARKET.

Convent Belief Is That Until
SINNERS Take Their hearings the
D.mand VIII Continue Light.
snirits Firm and i'm Demand mt the
.dvauce-Rosins Firm and I'm
..ed - Wholesale Markets
steady and Unchansed-Aocai ana
photographic Markets.
The Morning News Office,
Saturday, Oct. 5.
susnense equal to dullness in the
o.+on market seems to be the result
80 the bureau report, which has not
vet been digested by the trade on the
otber side. From current accounts
summers look askance at the govern
n1ent estimate of the condition or the
rrop. and while they are doubtless on
the verge of constituting 1t they nave
not to the present committee tnem,
Lives either way. The cotton world
bave their eyes on consumers of the
stsnle. who are looked to to either dis
nrove the governments report or enter
The market for cotton. Which they Will
Go few know. They probably do not
tnow themselvesA Pending market OPP
erations that will disclose spinners' po-
sition. the situation will likely remain
unchanged.
From a local standpoint the market
was about as featureless as it could
well be. The demand was light. and
little business resulted. Cotton on the
srot was in light demand, and the
same is true of that for through ship
ment Until spinners take their bear
ings they are not likely to send any
very large orders, for when they do
this 1t will be construed by the trade
as an acknowledgement of their belief
in a small crop, and that prices are
about as low now as they may expect
to see them. Savannah's receipts pass
ed II 900 bales.
Spirits of turpentine was in strong
position throughout the day, with the
demand more than equal to the offer
ings. Resins closed firm and unchang-
ed, and in demand. The Wholesale mar
kets closed steady. The following re-
sumo of the markets will show their
tone and quotations at the closing to.
day.
The Savannah morning news., 1901-10-06
LIVERPOOL COTTON MARKET.

Liverpool, Oct. 5.-Spot, moderate
business; prices unchanged to 1-32d
lower; American middling fair, SID;
good middling, 15-16d; middling, 4
23-S2d; low middling. 9-16d; good or
binary, 4 11-32d; ordinary, 3-32d. The
sales of the day were 5000, of which
500 were for speculation, and included
$500 American. Receipts none.
Futures opened easy and closed
steady. American middling, g. o. c.:
October, 4.34@4.35d, value; October No
vember, 4.2Sd, sellers; November De-
cember, 424@425d. buyers; December
January, 4.23Q4.24d, buyers; January
February, 423d, buyers; February
March, 4.23d, buyers; March April,
423d, buyers April 4.23d, buyers;
May-June, 423d, buyers.
The Savannah morning news., 1901-10-06
Hubbard Bros. s Co.'S Co.t"n Letter.

New York, Oct. 5.-Our market open
ed with sales of January at sol, ,S.eS,
and after selling at SOB ruled at cents
at II a m. Liverpool reacted as was
expected, while this market absorbed
the realizing sales and the hedges by
exporters on the basis of last evening S
quotation for January, though the
spring positions were not in such de-
mand. The steadiness of this market
is expected to bring about recovery
in the European markets on Monday
1t is now a question as to whether the
strength of the Southern markets will
lead Europe to believe the bureau re-
port is a correct representation of the
crop. There has been an increase in
the speculative demand during the past
week, which absorbs the daily selling
of exporters who had to take the in
terror offerings, which they were un-
able to place Immediately. This outside
demand has increased the bullish tenn
per of the local market. The spot mar
ket was quiet and unchanged.
The Savannah morning news., 1901-10-06
SEA ISLAND COTTON.

~, oG,nultons In the sea island cotton
49, remain about the same as last
pr; ~, with little of interest to influence
is rtoes. On the whole the demand is sat-
~ eVtory. Sales Of 731 were reported for
d., week. Prices have not yet settled
ity - 10 basis owing to the Irregular
fso+ y. the movement, and the further
rres mat the trading has hardly pro-
1aI,Sd lar enough to disclose the
Fas.' oI splnners. 1t was reported that
oboiooF loridas brought 21h@22c, extra
FAM, ana fancy Floridas 21@21hc;
pias oIeorglas zoe. extra choice Geor-
Savsny ~, ana choice Georgias 1sc. The
week ending Oct. a
The Savannah morning news., 1901-10-06
NAVAL STORES.

Saturday, Oct. 5.
SPIRITS-The turpentine market
was strong throughout the day, and
Chased at a substantial advance over
Yesterdays prices The opening was
firm at S41s 9341sc, with sales of 6S7 at
these prices. and the closing firm at
s4Ikc, with closing sales Of 81. The de-
mand was good from all sources, and
the offerings in factors were readily
absorbed. The receipts were 1893, and
the exports sos.
ROSIN-The rosin market opened
firm and unchanged, with sales of lao,
and closed unchanged, with no further
sales reported. While there was fair
buying during the early hours the de-
mand was not apparently urgent later
on, and while the offerings were taxi
en-, the situation towards the close was
quiet. The receipts were 2,615, and the
axnorfs 773 Prices as follows:
The Savannah morning news., 1901-10-06
COTTON.

This was featureless day in the
spot cotton market, which closed quiet
and steady, with sales of 407. The de-
mand was light and little was doing
in any quarter. The receipts were
larger than the average so far, being
II. 40, against II, 9S1 last year, and S,497
year before last. Cotton for through
shipment was also in light demand A
few of the trade reported this the dull
est day of the new season. Scattering
sales were made, but the demands was
generally light. Fully good middling
was around SA@S 3-16c. and basis good
middling, 1-16@S1sc. Cotton futures at
New York closed with prices net I'M
changed to points lower.
The following were the official spot
quotations at the close of the market
at the Cotton Exchange o-day:
The Savannah morning news., 1901-10-06
MONEY MARKET.

New York, Oct 5.-Money on call
steady, per cent. Prime mercantile
paper 415@5A per cent. Sterling ex-
change nominal with actual business
in bankers bills at $4.S51A@4 .S55s for
demand and at A.S3as for sixty days.
Posted rates $4.S4 and S4.S6. CONNER
cial bills 81 S2A GA s31s. Bar silver 57%c.
Mexican dollars 45l9c. State bonds mac
tive. Railroad bonds easier. Govern
ment bonds strong.
The Savannah morning news., 1901-10-06
SQV1nlQl b(Hlk ! Trust GO.
.CdDitaI $3.50, 600.

JOSEPH d. WEED, President.
JOHN c. ROWLAND, Vice President
VIM. F. McCAULEY. Cashier.
.. l.. CLAY, Assistant Cashier.
A general banking and exchange BUSH
ness transacted.
quarterly.
accounts OF merchants, banks and cor
pors tons solicited.
s1 american Express company's letters OF
vo1.ls Issued available in all parts OF the
collections carefully made and promptly
accounted for.
for rent.
Correspondence invited.
The Savannah morning news., 1901-10-06
STOCKS AND BONDS.
The Entire Market Closes mt n Low.
er Level.

New York, Oct. 5.-The holiday in
London to-day accentuated the dullness
here and tended to relax the selling
pressure here, as London has been con-
slant as seller in this market of
late. The fact that there is no loan
market at the Stock Exchange on Sat-
urday also tended to relax the pressure
upon the market
Perception is growing of the fact that
that the question of the effect of the
interior demand for money upon the
stock market has passed the stage of
argument and has resolved itself in
question of how much further stock
liquidation may have to extend. While
there has been no stringency of money
during the week, this has been due to
the fact that in reducing their out
The Savannah morning news., 1901-10-06
WEEKLY BANK STATEMENT.

New York. Oct. 5.-The statement
of the associated banks for the week
ending to-day, shows: Loans, in
creased, $5,948,50 deposits, increased,
81 ,100. 800; circulation. decreased, s54, 400:
legal tenders. decreased, 1876 000 spe-
Gle, increased, s1,41s,200; surplus re-
serve, decreased, $733, 900.
The Savannah morning news., 1901-10-06
FINANCIAL.

MONEY-Money. easy.
FoREIGN EXCHANGE - Markets
strong. Commercial demand. $4s4A
ca days. s4.s2: 90 days, $4.sl; francs,
paris and Havre. 60 days, s5.22h ;
swiss so days. s5.23z Belgian, sb.24h;
marks, 60 days, 9llt; % days, %.
The Savannah morning news., 1901-10-06
DRY GOODS.

New York, Oct. 5.-Print cloths firm
with fair demand. In brown sheetings
and drills the market is firm. Other sta
pie cottons and prints unchanged.
American cotton yarns closed with
mere inquiry and steadier tone.
Worsted yarns firm. Wooden yarns
olIiet
The Savannah morning news., 1901-10-06

DOMESTIC EXCHANGE - Steady;
banks are buying at u discount and
selling as follows; $25 and under, 10c
premium; $25 to $50, 15c premium; $50
to 500, zoe premium; 500 to $500, 25c
premium; 5000 and over par.
SECURITIES-Not at all doing
in securities, and quotations nominal.
stocks.
The Savannah morning news., 1901-10-06
MURPHY & CO.. INC.

Board OF Trade Building. Savannah.
rrvate leased wires direct to New
fork, Chicago and New Orleans.
COTTON, STOCKS AND GRAIN.
new York ONCE. No. 81 Broadway.
omces in principal cities throughout
.ne south. Write for olr Market Manual
s.u eoook containing instruction for
The Savannah morning news., 1901-10-06

OLDE5Ti -
SAFESTI BEST

Money will earn big monthly returns.
ire investors fund pays semi-monthly.
The Oldest established In American. No
certificate holder has ever lost a cent.
payments made 10 all subscribers every
7k DAYS. No trouble. No delay. Money re-
funded on demand. Write to-day for par
ticulars, free TO any address
c. Il. MACKEY a CO.,
Hudson Building, New York.
The Savannah morning news., 1901-10-06
ESTABLISHED 1872.
HENRY BEER. BERTRAND BEER.
EDGAR II. BRIGHT.
H. & B. BEER.
Cotton Merchants,
NEW ORLEANS.

Members of New Orleans Cotton Ex-
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.
The Savannah morning news., 1901-10-06
FLUCTUATIONS IN FUTURES.

New York, Oct. 5.-Cotton futures
opened steady and closed steady. Prices
as follows:
The Savannah morning news., 1901-10-06

Magnificent Pullman buffet sleeping
car service to Norfolk, Washington.
Baltimore, Philadelphia and New
York; also to Jacksonville and Tampa
Solid train to Brunswick. No change
of cars.
Buffet parlor cars. Savannah to
Montgomery.
For additional information, apply to
Ticket Office, Bull and Bryan streets:
phone %.
The Savannah morning news., 1901-10-06
| This Last

Market quiet and steady: sales, 4O7.
Savannah Receipts, Exports, Stocks
Receipts this day ................ 11,730
Receipts this day last year ..... 1881
This day year before last ...... 8,497
Receipts since Sept /, 1901 zee. 1885
Same day last year ............ 224, 42S
Exports coastwise .....:.... 2,025
Exports continent .............. 1,SO0
Stock on hand this day ........ 42046
Same day last year ......... S0,654
Receipts and Stocks at the Ports:
Receipts this day .......... 42,342
Receipts this day last year .... 49347
Receipts year before last ...... 1850
Receipts since Sept. l. ....... 623,57S
Same time last year ....... 926,7SS
Same time year before ......... i, 049 ,555
stock at the ports to-day ...... S62,290
Stock same day last year ...... 452,821
Daily Cotton Market
Galveston-Firm; middling, 3-16c;
net receipts, 14,11S; gross, 14,11s; sales
LIB; stock, 114,702.
Norfolk-Steady; middling, S1sc; net
receipts, 2,211: gross, 2,211 sales, 496;
STOCK, S,676. Exports-Coastwise, S75.
Baltimore-Nominal; middling. SIC.
Boston-Quiet; middling, Sssc; net
receipts. II; gross, II.
Wiimington-Firm, middiing, Sc; net
400.
Philadelphia-Firm; middling, SIC;
net receipts. 225; gross, 425; stock, 1855.
hXports-To the continent, 200.
oavannah-Quiet, easy; middling,
&c; net receipts, 11,730; gross, 11,730:
sales, 964; stock, 42,046. Exports-Coast-
wise 2,O25; to the continent, 1900.
New Orleans--Quiet and steady; mid
SHng' 8 S-l6c; net receipts. s,644; gross
Se44; sales, 1850; stock, 76,111. Exports
TO France, 5000.
Mobile-Steady; middling, 715-16c;
stock 11,747.
Memphis--Firm; middling, Slice;
net net receipts, 3.542 gross, s.542; sales, o.
4Vo; stock, 1886.
Augusta--Firm; middling, Sc; net re-
stock, 1887.
Charleston-Firm; middling, TIC; net
feeeSeelpts' S,OSS; gross, 1908; stock, g.
Cincinnati-Quiet; middling, SIC; net
.eceiptS. 1876; gross, 1876; sales, 300:
Louisville-Firm; middling, SIC.
0e5: stock, S2,295.
Houston-Steady; middling, SIC; net
ooe1Ceelpts' PAL; gross, 12,411; sales, l.
sl4: stock, 1888
New York-Quiet; middling, $780, net
eceipts, 424; gross 5,771; sales, 1858;
S.oGk' sl,96S. Exports-To the CONT
Total To-day-Net receipts, 42,S42; to
rance, 5000; to the continent, 4,311:
stock, 362, 200.
ACKNOWLEDGEMENTS receipts 42,342; to
,r %ce' 1000; to the continent, 4,311.
COO o ss6l since Sept. met receipts
TD,o'S, 10 Great Britain, 149, $50; to
SEQ ''ce' 1854; to the continent, 21s,-
The Savannah morning news., 1901-10-06

SALT--Diamond is fair and the mar
ket steady; carload lots, 100-pound
-O0I :I9uSIu 'sloI oof :oIF 'sN3ss dBIInq
pound cotton sacks. 42c; 110-pound bur-
lap sacks 45c; 125-pound burlap sacks.
Sic; 125-pound cotton sacks, SIC: 200
pound burlap sacks, 79c In cars. Job
lots higher.