davidaulloa/AmericanStories huggingface dataset:
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-03-28

New Orleans, March 27.-Those who
bought freely yesterday In expectation of
more encouraging advices from Liverpool
to-day were disappointed, as that mar
ket exhibited weakness instead, which
was due to large offerings from America
and fears of political complications be-
tween Japan and Russia on the Chinese
question.
Prices here responded by opening
points lower, declined l additional on the
large interior and port receipts, but as
shorts covered heavily during the entire
session a squirt of to Z from the bot
tom took place, reducing the loss on the
day to about 8 points.
Late cables from Liverpool said that
the London Stock Exchange had received
rumors of trouble between Japan and
Russia, which were thought to have been
unfounded. The Chinese difficulty has
undoubtedly been instrumental in caus-
ing stagnation of trade in the East.
though 1t must be remembered that the
reason of the sharp decline in cotton has
been brought about by the high prices
of the raw article as compared to the
low prices received for manufactured
product
These features and the fact that trade
generally throughout the world is unsat-
isfactory, and that the crop was under
estimated and consumption over-estimat-
ed are the real factors which have COM
bined to preciptate the sharp break re-
Gently experienced. We think temporary
reactions may materialize from time to
time. but until a parity is established
between raw cotton and goods, the prob
abilities are no decided improvement will
be established unless future weather
conditions for the next crop should prove
to be ufavorable.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-03-28

New York, March N.-Cotton In Liver
pool advanced 1-16d on spots. Futures
were about unchanged at p. m, then
gradually declined 4-64d, and closed at a
ret decline of to 2lz points. Liverpool
stood about 2-64d lower when our market
opened and continental and Southern OPP
orators had orders in to sell. This mar
ket opened feverish, II to points de-
cline, ruled steadier. after opening on
absorbing demand TO cover for Liver
pool, and New Orleans accounts despite
liberal port receipts. Part of the early
loss was recovered, although business was
very much restricted. The bulls are dis
couraged on account Of liberal receipts,
and the lack of outside buying orders,
also no improvement in demand either az
home or abroad. The bears are disposed
TO be very cautious about making sales.
at present value, consequently sentiment
Is very much mixed at present. Estimated
port receipts $4,000 against $4,000, New Or
leans expects tomorrow 1000 to 5000
against liza, Houston $500 TO $500 against
sos.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-03-28
TO THE NORTH AND WEST,

lrdlnS arrive savannah as foNoWs;
No. IS daily from New York and Wash
ington. 500 a. m.
No. 80 daily except Monday, from New
York and Washington 1920 a. m.
No. 80 daily from New York and Wash
ington, S05 p. m.
THROUGH CAR SERVICE ETC.
Trains Nos. 81 and 80, New York and
Florida Limited" Solid train composed
exclusively of Compartment. Observation
and Drawingroom Sleeping Cars between
New York and Savannah. Dining cars
serve all meals en- route.
Trains 80 and "a daily NEW YORK
AND FLORIDA EXPRESS, Vestibuled
limited trains with Pullman drawing
room sleeping cars between Savannah and
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 So and sc daily. THE UNITED
STATES FAST MAIL, Vestibuled lmite ed
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 to rates, schedules,
etc, apply TO
F. S. CANNON, Sd v. p. and G. NJ.
S. H. HARDWICK, G. p. A., washing
ton, ID. C.
w II. TAYLOE. A. G.. p. A., Atlanta.
r. c. BLATTNER, Depot Ticket Agent,
Plant System station, Savannah, Ga.
JAS. FREEMAN, c. p. g. T. A., Savan-
nah, Ga, 141 Bull street. Phone $50
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-03-28
OCEAN FREreHTs.

CoTTON-Savannah to Boston, per
cwt., 25c; to New York, per cwt. 3oc; to
Philadelphia. per bale 81; Baltimore, 81.
FOREIGN DIRECT-Bremen. Soc; Llv-
erpool 30c; Hamburg, BIC; Barcelona, 45c /;
Manchester. Csc.
DIRECT-Liverpool via Baltimore,
35c; via New York, 4Oc: Hamburg, 40c
Antwerp, 40c; Reveal, st. Petersburg and
Gothenberg. zoe; Genoa, &c.
LUMBER-By 5aiI-Freights dull; to
Baltimore, s375; to Philadelphia, 5000
A75; to New York. $3.50 per NJ.
LUMBER-By steam-Savannah to Bal
timore. Sc; to p. r. r. or y. and o. docks
$50; to Philadelphia, 1890 per ewt. a
pounds to fooD; 20 New York, $3.50 per NJ,
T25 to dock. lightered at Boston, $3.50.
NAVAL STORES-The market Is firm,
medium size vessels. Rosin-Cork, for or
ders, So. Cd. per barrel OF $40 pounds, and
per cent prlmage. Spirits, As. Cd. per
40 gallons gross, and 8 per cent primage.
Large vessels rosin, 3s.; spirits. 49, Sd.
Steam lie per 100 pounds on rosin. 21lzc
on spirits Savannah to Boston. and 9ihJ
on rosin, and lsc on spirits to New York.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-03-28
NEW ORLEANS COTTON FUTURES.


New York, March N.-Liverpool could
not hold the reaction of yesterday under
the selling against the purchase of yes
terday, closing quiet at a decline of one
to two points. Our market opened steady
at sharp decline, recovered the loss
under local buying, and arbitrage pur-
chases to again decline on Southern SELL
ing, coupled with local realization. Re-
ceipts in the Southwestern interior towns
continue on a very large scale. While
there is no improvement in the goods
trade, a small demand for goods for Chi
ma has been supplied at declining quota
lions. The market is quieter with the
trade looking for quotations between here
and Liverpool tomorrow They prefer
to buy on weak spots for a reaction rather
than to anticipate any further decline.
We doubt if the political outlook becomes
serious as the Russian policy OF delay
will probably continue.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-03-28

Cement-Alabama and Georgia lime in
fair demand and sell at 80 cents a bar
rel special calcined plaster, $100 per bar
REL hair, 445c. Rosedale cement, 81 200
1.25; carload lots, special; Portland ce-
ment retail, $225; carload lots $2O0G2. 90.
LUMBER-Market dull. Quote: sawn
ties per NJ. feet So, hewn ties (7xexsIb)
CSC each, minimum easy size yard stock.
$l0Q10.50; car sills, $l2. stock, 14x16 In, de-
pending on length, $13Ql5; ship stocks, Sls.
OILr-Market steady; demand fair; sig
nal 45Q50c; West Virginia black, Sale;
lard, 5Sc; neatsfoot, 60d70c: machinery, 16
625c; linseed oil, raw, 64c; boiled. 66c;
kerosene prime white, 12c; water white.
1Sc; Pratt's astral 14c; deodorized stove
gasoline. drums, 11lkc; empty oil barrels,
delivered, S5c
SHOT-Drop, $l.45; b. B., and large,
$40; chilled $40.
IRON-Market steady; Swede SIC.
NA1LS-Cut, $225 base; wire, 50. 65 base.
BARRED WIRE-S3. 60 per 100 pounds
GUNPOWDER-Per keg, Austin crack
shot, 81 half kegs $685. quarter kegs,
s12t; champion ducking. quarter kegs.
81 %; Dupont and Hazard smokeless, half
kegs, $11.S5; quarter kegs. $575: 1-pound
canistes. $1.OO; less rs per cent: Trois-
dorf smokeless powder, 1-pound cans, 81;
10-pound cans, SOC pound.
Cotton BaggIng and Ties.
BAGGING-Market frm Jute, 2%
pounds. INC; pounds. TIC; ~ pounds
6sc; sea island bagging 12hc.
TIES-standard 45-pound arrow, large
lots, s1.05.
Bacon, Hams and Lard.
BACON-Market Arm; ID. s. c. r. sides
SIC; D. S. bellies, 91Sc (Eastern). accord
ing to average size; ID. s. bellies, DC
CWestern); smoked c. r. sides, 9hc.
HAMS-Sugar cured 11Aa12c.
LARD-Pure, in tierces, &C.; In 80
pound tins and SO-pound tubs, "a com
pound, in tierces, &c; 5O-pound tins, and
sO-pound tubs, 6hc
miscellaneous.
FISH-Mackerel half-barrels, No. /,
81. 30, No. 2, $675; No. 3, $5.75; kits, No.
/, 81. rs; No. 2, $1.10; No. 3, 9Oc. Goldfish.
1-pound bricks, &c; 2-pound bricks, SIC
smoked herringe, per box, 1sa2Oc Dutcn
herring, in kegs 81; new mullets, half
barrels, $3.75
sYRUP-Market quiet; Georgia and
Florida syrup. buying at 271s@2sc selling
at 32d32izc; sugar house at 10Gl5c.
HONEY-Fair demand; strained, in
barrels, 55a60c gallon.
High wines, basis 31H.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-03-28
ed firm. continent ss.ss; compound sa

ed firm: continent 1886; compound 5a40
sac.
Pork firm: family, $40. 50di7. 90; shorb
clear. $l5. OOa1f,OO; mess SIS. 50Ql6.50.
Tallow finn.
Coffee-Spot Rio dull; No. invoice 67sm
7c nominal rs.ld quiet; Cordova seT12tkc.
Sugar-,Raw firm: fair refining 17-2cs
centrifugal, SO test, l-S2c; molasses SUI
gar, 3 9-32c; refined firm.
Coffee futures opened steady, unchang~
ed TO points higher: ruled moderately
active with some foreign help; became
quiet with only local orders, subsequently
showing easy undertone under realizing;
close steady. points net higher to 8
points net lower. Total sales $500 ins
GLIDING April $500; May 5.6Oc; July 5.iOc.
Butter firm: fresh creamery 1e9z2cl
state dairy fresh. l5Gfzlc.
Cheese hrm fancy large white iid1ihci
small l20l2hc.
Eggs strong; state and Pennsylvania
i3Nni4hc; Southern. i3di3ikc.
Potatoes quiet, Jerseys 81 254i 50; New
York 81 4O6ri 62ls; Long Island 81 50di .7bs
Jersey sweets. 81. 5042.25.
Peanuts steady; fancy handpicked NO
Be; other domestic &c.
Cabbage quiet; state si401s per con.
Freighis 10 Liverpool qulet. cotton ~
steam l6c.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-03-28
GRAIN. PROVISIONS. ETC.

New York, March N.-F'lour steady and
moderately active for choice brands.
Rye -four dull Buckwheat -four dull.
Corn meal Arm; yellow Western, 92c.
Rye steady.
Barley quiet. Barley malt dull
Wheat-Spot firm; No 2 red. s1Mc; OPP
tons experienced a steady undertone all
day IN spite OF dullness being Influenced
by strength Of corn. higher English ca
blea, liberal seaboard clearanees, export
demand, n smaller Interior movement and
covering; closed hrm haSsc net advance.
May closed so7sc; July s0cAi September,
Nhc
Corn-spot firm; No 2. l9o; options mar
ket was fairly strong to-day on active
speculative support West Local shorts
covered neryously, prompted also by firm
ness abroad. liberal clearanoes, small re-
celpts ana closed Arm AZ kQlfc net ad-
vance; March closed 49o; May closed. tSc
July. fTMc. September. INC
Oats-spot steady, No. 2. gho; options
firm but Quict.
Beef steady
cut mcnts firm.
Lara ARM Western steamed $50. renn-
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-03-28
LIvERPooL- COTTON MARKET.

Liverpool, March q, 4 p. m.-Spot, mod
crate business; prices Lied higher; Amer
lean middling fair, sgd; good middling,
7-32d; middling, 21-S2d; low middling,
l5-32d; good ordinary, 4732d; ordinary,
31-32d. The sales of the day were 5000
bales, of which 500 were for speculation
and export, and included 1890 American.
Receipts 1000 bales no American
Futures opened quiet and steady and
closed quiet. American middling, low
middling clause, March 4.31Q4.S2d value;
March-Aprn, Add buyers; April4May, 4.3O
@4.S1d sellers; May-June, 4.30@4.S1d sell
ers; June-July 4.SOd sellers; July-August,
42994. sod sellers; August-September 4.23d
sellers; September, 423d sellers; Octo-
Der, g. o c., 1850 sellers; Octo-
ber-November, 4.O2d sellers; November
December, 4d value
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-03-28
MONEY MARKET.

New York. March 2-Money or call,
frmer at 2d3 per cent; last loan, Hz per
cent. Prime mercantile paper, 3ikQ4h
Der cent. Sterling exchange. firm, at de-
cline with actual business I'm bankers
bills. at s4SshG4ssh for demand, and at
81 slss for sixty days; posted rates, 1854
and $3.50, commercial bills, Ssidisilk.
silver certificates. sihas3e; bar silver.
59Xc; Mexican dollars. 49c. State bonds,
weak; government bonds, strong; railroad
bonda strong.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-03-28
FINANCIAL.


MOINE 1-MOney, easy.
FOREIGN EXCHANGE Market
steady. Commercial demand Sassy; sixty
days, S4.s65s ninety days, $.s21s; francs,
Paris and Havre, sixty days. 5.209s; Swiss,
sixty days 5221a; Belgian, 5.21%; marks,
sixty days, 945s ninety days, 81 sic.
DOMESTIC EXCHANGE - Steady;
banks are buying at Lie discount and
selling as follows $25 and under, lOc pre-
MUM; $25 20 $50, 15c premium; $50 to 500,
zoe premium; 500 to $500, 25c premium;
$500 to $1,000, 1s premium; $1,000 and over,
75c per M.
SECURITIES-Quie and firm. Fair
investment demand. Central incomes
quiet Seaboard securities are strong
and advancing. Chatham Bank Stock is
weak.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-03-28

Charleston, March N.-Turpent1ne, MOTH
ing doing. Rosin firm and unchanged.
Wilmington, N. c., March 27.-Spirits
turpentine steady; S3hdS4c; receipts, 1874
casks.
Rosin, nothing doing; receipts, Asa bar
rels.
Crude turpentine market, quiet $110
and $2.10; receipts, 10 barrels.
Tar, steady; $l15; receipts. 354 barrels
New Orleans, March 27.-Receipts: Ros-
in, 70 barrels; exports none.
New York. March H.-Rosin quiet. Tur-
pentinue dull. Petroleum steady.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-03-28
DRY GOODS.

New York. March 27.-The market for
brown sheetings and drills continues DUH
and weak. Bleached cottons quiet with
cut quotable change. Coarse colored cot
tons dull and easy to buy. Cotton fan
nes opened for new season at irregular
prices. Print cloths inactive. Prints and
ginghams unchanged. Mems wear, WOOL
ems dull and business chiefly in new lines
at low prices. Dress goods In fair de-
mand for staples and specialtes for waist
materials
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-03-28
TRADE AND FINANCE
COTTON FUTURES AGAIN CLOSE AT
THE DECLINE.
CLOSE EASY4T0 7 POINTS OFF
SAVANNAH SPOTS STEADY AT A
DROP OF Lice.
Spirits Firm at 34Ac-Rosins Firm at
an Advance of DC on w. w. and w,
G.-New York Stocks Irregular.
Exports of Gold to he Madc-Local
and Telegraphic Markets.
The Morning News Office,
"Wednesday March OF


The Morning News Office,
Wednesday. March q.
Further recessions in the New York cot
ton futures market of to points, and
lower prices in the spot markets was the
feature of to-day's trade circles. Savan-
nah spots closed steady, 1-16c lower, with
the demand rather Indifferent. There was
some inquiry for cotton, however, and in
most instances factors were holding firm
ly. Good middling f. o. b. was steady at
about Sasc bid and 7-16c asked. with the
offerings light and the demand satisfac-
tory. 1t is difficult to reconcile the heavy
movement with the prospect of any i'm
mediate enhancement in prices, and for
this reason confident buying is reserved.
The spirits market opened firm at 34Ac
with no business reported on a lower basis
after the closing. The rosn market closed
firm at an advance of sc on w w and w
c. The New York stock market closed
irregular, with gains in many quarters
after an opening dip. Exports of gold are
to be made by the National City Bank
of New York on an early steamer. Money
on call ruled steady, az 21a to per cent.
The following resume of the markets will
show the tone and quotations at the clos
ing to-day.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-03-28

on any other than the official basis. The
inquiry for supplies was fairly good,
though the demand was not of any ur-
gent nature from any source. The re-
ceipts were 429, and the exports 422.
ROSINS-The rosin market opened firm
and unchanged, with no sales reported,
and closed firm at an advance of &c on
w. G. and w. w, with sales of 241. The
demand was moderate. The receipts were
2,131, and the exports 6526. Prices as fol
lows.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-03-28

October and the remote positions on the
ground that a record recession had been
too generally accepted as inevitable. Re-
ports from Fall River indicating that SELL
ers were refusing to make concessions of
21sc on good qualities of stuff gave some
encouragement; reports on print cloths
and yarns were still unfavorable. The
very heavy movement checked confident
buying of cotton for future delivery. The
market was finally easy at 4Q7 points net
decline.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-03-28
Murnhr = ce,. stoek I.etter.

New York. March H.-Northern Pacific
ana Burlington and quincy were natural
IN the cnnters OF the Interest Ia the IN
nlal dealings IN this mornings market
Both stocks on tremendous transactions,
opened well above tine their nnal figure
Of yesterday. This mornings nesHpapera
o0ntained 40 direct confirmation % tho
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-03-28
COTTON.

The cotton market closed steady at a
loss of Lice on all grades. Sales on the
spot were 1888. The receipts were 3027,
against 2,705 last year, and 934 year be-
fore last. Good middling, fob. was
about $3.50 bid and s 7-16c asked, with the
demand good and the offerings limited,
The New York cotton futures market
closed easy, 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, 1901-03-28
NAVAL STORES.

Wednesday, March a.
sPIRITS-The turpentlnc market OPEN
ed firm to-day at 34hc, with sales OF $685.
and closed firm and unchanged, with no
further sales reported II was not UNDER
stood that any business was being done
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-03-28
SEA ISLAND COTTON.
COTTON FUTURES.
The Market Closes Easy 4 TO 7 Points
Lower.

Lower.
New York, March N.-The cotton mar
ket showed some irregularity after open
Ing easy at decline OF 4GlO points main
ly on the nearer positions. Following the
opening call, there was a further re-
cession OF a point or two. after which the
market sharply advanced 3a1l points on
me appearance of one prominent house
as an ective buyer. said 10 be on invest
ment account. Shorts covered
freely on this upward move
ment but the room became bearish again
on the withdrawal of the special support
mentioned. There WAS more Or less in-
feHimeni demand throughout the session,
however. probably more Of ~ and Of a
better class than seen here for some
ume' Investors showed a preferences tof
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-03-28

New York Office, No. 81 Broadway.
Offices in principal cities throughout
the South. Write for our Market Manual
and book containing instruction for
traders.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-03-28
Market steady; sales, 1888.

Daily Movements at Other Ports
Galveston-Quiet; middling, s; net re-
ceipts, $3.50; gross, 6979; sales, 1850; stock,
1888, 4S5
New orleans-steady; middnng. Z 1916;
net receipts, 10, 239; gross, 1929; sales,
$3.50; stock, 319,756.
Mobile-Quiet; middling, rs; net re-
ceipts, AZ; gross, AZ; sales 500; stock,
1879.
Charleston-Quiet; middlng, IA; net re-
ceipts, 1877; gross, 127; stock, 1O,34S
Wilmington-Steady; midd1ing, rs; net
receipts, 1873; gross, 1873; stock 5,7S2
Norfolk-Steady; middling, 8; net re-
ceipts, 52S; gross, 52S; sales, 1926; stock,
26,0S9.
Baltimore-Nominal; middling, Sk;
gross, TT; stock, 1924.
New York-Dull; middling, s lie; net
receipts, 1855; gross, SSOS; sales, 5,466;
stock, 152, 54S
Boston-Quiet; middling, SIS; net re-
ceipts, 26S; gross, 1881.
adelphia-Quiet; middling, sic;
stock, 5,179.
Pensacola-Net receipts, 1853; gross 1853.
Daily Movements at Interior Towns
Augusta-Quiet; middlfng, S-16; net re-
ceipts, 463; gross, 46S; sales, $40; stock,
IS, $780,
Memphis-Quiet; middling, s1s net re-
ceipts, 100; gross, 1922; sales. $780, stock,
130697.
ST. Louis-Quiet; middling, 3-16; net re-
ceipts, lis; gross, 1914; sales 100; stock,
74,T9
incinnati-Nominal; middling, SO; net
receipts, 2SS; gross, 2Ss; sales, 200; stock,
1880.
Enthusiastically; middling, 8; net re-
ceipts, 1898; gross, 1888; sales, 1,401; stock,
$685.
Louisville-Weak; middling, 81.
Exports of Cotton This Day
Galveston-To the continent, 6,8W.
New Orleans-To Great Britain, 1852;
coastwise, 5602.
Mobile-Coastwise, 3T
avannah@Coastwise, 1856.
Norfolk-Coastwise, ga.
Baltimore-Coastwise, $500.
New York-To Great Britain, go; con-
tinent, $50.
Pensacola-To the continent 16S.
Total foreign exports from all ports this
day: To Great Britain, 14,1S2; to the con-
tinent, 1925.
Total foreign exports from all ports thus
far this week. To Great Britain, S. 40S;
to France, 1885; to the continent, 1892.
Total foreign exports since Sept. l, 1900:
To Great Britain, 2416.57O; to France 57S,-
9Oi; to the continent, 1,S7069S.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-03-28
SQVQNlQl bQlk &ITuSI GO.
Capital $3.50, 900.
JOSEPH ID. WEED, President

JOSEPH d. WEED, President
JOHN c. ROWLAND, Vice President.
VIM. F. McCAULEY, 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 rect.
Correspondence invited.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-03-28
FLUCTUATIONS IN FUTURES.

New York, March 27.-Cotton futures
opened easy and closed easy. Prices
as follows:
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-03-28
coTroN srnp on.

New York. March a.-cottonseed OF,
hrmly held and M fair demand Tor locsi
account without being quotably higher
Sonunusd On Eighsh Pag&
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-03-28
MURPHY & CO., INC.

Board of Trade Building, Savannah.
Private leased wires direct to New
York, Chicago and New Orleans.
COTTON, STOCKS AND GRAIN,
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-03-28

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.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-03-28

Augusta Macon, Atlanta,
+, Athens, Montgomery, CO.
% 00pm lumbus, Birmingham, AM ~ 0oam
CIRCUS, Albany, Eufaula
land Troy
Ottumwa semi-weekly courier. [volume] (Ottumwa, Iowa) 1899-1903, 1901-11-26
NOT TO CUT POSTAGE.
Department Officials Say Letters Can
not Be Carried for One Cent.

Washington, Nov. 25.-Oflicials of
the postoffice department do not regard
it possible that the congress Will pass
the bill which Representative Smith
of Illinois will introduce, to cut down
letter postage from to ] cent an
ounce In fact they confidently predict
that there will be no legislation reduc-
ing letter postage. They say that in
England it has been found inexpedient
to reduce the postage below the penny
rate, which is equivalent to 2 cents in
American money. There q letter is
carried comparatively short distance
to point of delivery, whereas in the
United States it may be transported
4,000 miles.
1t has been proposed at various
times to charge only 1 cent on drop
letters where there is no free carrier
delivery service. The postal authori-
ties consider this reasonable PROPOSE
ton. but congress has never acted up
on it. A letter dropped into a country
postoffice to be delivered to patron
of that Office who calls for his mail,
and who has not the free delivery SER
vice, pays as much postage as letter
that is mailed at New York and deliv-
cred by carrier to a residence in the
suburbs of San Francisco
During the last fiscal year the excess
of the expenses OF the postal service
over receipts amounted to about S4,
100000. The correction of abuses in
second class will materially reduce the
deficit, and when the reform is gath
cred to its legitimate conclusion and
there has been a reWeighiug of the
mails and readjustment of the pay
to railroads for carrying the mail, the
deficit may disappear entirely. The
postal authorities believe until such g
surplus is shown letter postage should
not be reduced unless upon drop let
ters.