davidaulloa/AmericanStories huggingface dataset:
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-10-24

New Orleans, Oct. 23.-Liverpool adj
vices were not encouraging, but not
withstanding this our market opened
to higher on the light receipts. La
ter in the session it was rumored that
Mr.. Buston would issue a bearish crop
estimate. Realizing on the report
caused a decline of 10 to II from the
top, making the net loss to 8 points
on the day. Weather conditions con-
tinue favorable throughout the belt
and 1t is claimed that each day that
killing frost is delayed now means a
considerable addition to the yield. Mr..
Buston is supposed to be out with his
crop estimate tomorrow in Liverpool,
and it is rumored that his figures will
range from 100000 to IL 200 900 bales
minimum. European spinners and
cotton merchants state that the textile
trade is very unsatisfactory and that
1t is compulsory for manufacturers to
pursue a hand-to-mouth policy under
the circumstances. They also think
that the bureaus condition figures are
absurd and say their travellers in
America inform them that the outturn
will far exceed consumptive require
ments. For these reasons the exhibit
no anxiety and intend to keep on buy
ing sparingly The amount which will
be brought into sight this week will De
dDOul IOU,UUU less LHdn last year anu
the visible supply must naturally be
bullish, Knowing the reason, of the
decreased movement there is little i'm
portance attached to same by eonserva-
tive operators. Much more attention
IS being paid to the weather. If Mr..
Buston tomorrow ISSUES the estimate
that is expected, it will have a ten-
dency to confirm European spinnsrs in
their views. However, irrespective of
these factors, sentiment is bullish and
any favorable feature will superinduce
an advance.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-10-24

New York. Oct. 23.--The remarkable
moderate spell of weather in the cot
ton belt was unbroken when the cot
ton market opened to-day. The amount
of moisture was insignificant. while
the range of the mercury was still
quite high, ranging as much as "A at
Corpus Christi. "a at New Orleans. 20
at Galveston. 60 at Vicksburg, So abb
lene, IS Memphis, go Charleston. Moth
ing approaching freezing weather was
in sight short of Lander. Wyo. Despite
this showing the market opened at a
slight advance, continued buying be-
ing credited to the bull clique who
forced prices up yesterday during the
later market, in spite of decided apathy
during the early session. and the alb
sence of a single crop or weather de-
velopment in the interior. thus giving
rise to a suspicion of more or less wire
pulling. Nevertheless we are still wit
Messing such a shrinkage in the re-
ceipts day after day as to cause us lit
tie concern in some quarters. This.
however, has been looked for some
days, and it is possible that prices may
improve there later on. Slightly lower
prices followed the opening. but the
market was dull, cooler weather in por-
tons of Texas was the forecast for
that state. Gables were quiet at ad-
vance. Port receipts $4,000 against 65,-
900 last year.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-10-24
LIVERPOOL COTTON MARKET.

Liverpool, Oct. 2S.-Cotton: Spot
firm; prices points higher; American
middling fair, SGD; good middling,
4S2d; middling, Aid; low middling,
.40d. The sales of the day were s.
600 bales, of which 500 were for specu-
lation and export, and included $500
American; receipts $4,000 bales, in
Guiding 1900 American.
Futures opened firm and closed quiet
American middling, good ordinary
clause: October, 4.5Sd, buyers; Octo-
ber-November, sid, buyers; Novem-
ber-December, 4.4Sd, buyers; Decem-
ber-January, 4.46d, buyers; January
February, 4.46d Sellers February
March, 4.46d. value; March-Apri1, AID
sellers; April-May, 4.47d, value; May
June, AID, buyers.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-10-24

row than on the previous days of the
week. Some speculative activity was
shown at the opening in Baltimore and
Ohio, Erie, Reading, Atchison, Penn
sylvania, st. Paul, Missouri Pacific and
the st. Joseph and Grand Island stocks
all of which scored slight advances.
The rest of the list was fairly firm,
with practically no demand for the in
dustrials. -
Further activity was shown during
the morning session, when Louisville
and Nashville advanced 2 points, but
elsewhere the list made no material
change. Operations continued almost
altogether professional. and some trad
ers covered their short contracts on
the theory that the market had been
oversold. The early gains, with few ex-
ceptions, were soon lost. but such is
sues as Louisville and Nashville st.
Paul, Illinois Central and Erie held
steady. Sugar and International Pow
er were about the only industrials dealt
in up to this time, and transactions in
the latter stock were believed to be
for pool account. Up to the final hour
there was no decided pressure TO sell.
but in the late trading such stocks as
Lackawanna. Baltimore and Ohio,
Kansas City Southern and a few in
dustrials were hammered down to the
lowest prices Of the day. The llquida-
kContinued on Tenth Page.)
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-10-24
Theodore H. Price
On Cotton.

New York, Oct ga slight decline
in the cotton market has occurred to-
day as a result of the PRONUNCIATION of
crop estimate of IL 200, 900 by Mr.
A. J.. Buston of Liverpool. Mr.. Buston
left New York on Sept. 2S and return
ed this morning. He has, therefore,
beeh absent twenty-five days, including
Sundays. His crop estimate is pre-
dicted upon an inspection within this
period of the condition of the crop in
eleven Southern states. covering an
area of 1872, 900 square miles in which a
cotton acreage of about $4,000, 600 acres
is under cultivation. Assuming that
Mr.. Buston was able to cover the whole
area by night travel and to examine
the crop personally by daylight, the
time that he has been absent from New
York would have allowed barely two
days to each state. This would in
volve his examination upon the aver
age of $4,000 square miles per day. In
this view of the case it is obvious that
Mr.. Buston's estimate can only be re-
garded as an expression of personal
opinion and while, knowing him as I
do personally. 1 give him credit for all
sincerity, can but recognize
that, like nearly all English
men, he approaches the problem
of American cotton production in
an attitude. of extreme scepticism
as to the possibilities of short crop,
and that going South with this precon-
ception from a foreign market, whose
interest it is to buy American cotton
as cheaply as possible. he is likely to
be unduly swayed by influences of
which he is, perhaps, unconscious. AS
against Mr. Buston's views there is the
testimony of the United States gov
eminent and of thousands of my own
correspondents that this is the short
est cotton crop per acre that the
South has produced in many years.
This I believe to be the truth. Re-
ceipts already attest it. The movement
this week will fall 100, 900 bales below
the movement for the corresponding
week last year and next week the COM
parison will probably show deficiency
almost as great. The statistical po-
sition is strong beyond peradventure.
Mr.. Bustons estimate will not long
be effective as a bear argument in the
face of these adamantine facts, and I
continue to advise my friends to buy
cotton. more confident than ever in my
conviction that very much higher
prices during the present season will
be realized. The commercial crop last
year was 10,600,000. The production is
generally conceded to have been only
10000, 900, although Mr.. Buston's esti-
mate at this time last year was TO-,
100000 minimum. and his prediction
was for lower prices. AS a matter of
fact. middling cotton, when he made his
last years estimate, was selling in
New Orleans at TIC. 1t subsequently
advanced cents a pound. With the
increased consumption this year history
seems not unlikely to repeat itself so
far as the market is concerned. Even
Mr.. customs extreme figure should be
approximated.-ad,
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-10-24
STOCKS AND BONDS.

New York, Oct. 23.-Foreign ex-
change was again the governing fea-
ture of the stock market to-day. There
was considerable speculation in ex-
change, because of the slightly higher
rate for sterling at Paris and
the resistance offered by the
local market to the volume of
bankers bills put out during the
morning. These offerings, it was be-
lieved, represented accumulation of
bills held in reserve for such an emerg-
ency. Most of the days business was
done at $4.S6.75 for Saturdays steam
err. Experts intimated that an out
ward gold movement soon will be in
augurated, although actual negotia-
tions could not yet be contaminated on
a profitable basis. Later in the day de-
mand sterling broke 20 points, and was
offered at $4.86.60.
Little can be said for the stock mar
ket, which was duller and more mar
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-10-24
SEA ISLAND COTTor.
COTTON FUTURES.

Lo view York, Oct. 2S.-The cotton mar
nj opened firm, with prices / to 3
n nU,nts higher and continued to work
ca LIZARD for a brief period after the
COL COW on bulling and a furry of room
~ ff'eHtlng' for the most part the result
in Isht receipts at nearly all points
in+e me South and rumors that Chicago
e,,sI ests were bulls on cotton. How
bse, before midday the scare of the
se o.s gave place to a return of former
frn Slesslve short selling. The cables
ain n. Liverpool, public and private. i'm
tied reluctance on the part of the
vs 1ue there to follow the American ad-
n,a, She afternoon the market dis
wesSu weakness and prices ran down.
r,'a-u rapidly under vigorous bear
assure, active liquidation and some
traSsisn selling. The South and local
tr%uers We're heavy sellers at the close
hail. sales were estimated at 225,0OO
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-10-24

New Orleans, Oct. 2S.-The spot cot
ton market was quiet, but steady.
Quotations unchanged.
Futures opened 2QS points up under
the influence of the improvement in
Livepool and worked 162 points addi-
tiooal. In sympathy with New York
prices declined 769 points and eontfn-
ued steady throughout the remainder
OF the day. There was free trading in
January and March, but very little in
the other positions. January seems to
be the favorite month for bull manipu-
lation, but it went down, along with
the others. AT the close the list show
ed net losses of 7GS points.
New Orleans, Oct. 23.-Cotton futures
quiet and steady. October, S.0S6S.09c;
November, S.0S@S. 10c; December, S14@
S.15c; January, S.1S6S.19c; February,
S.19qS.21c; March, S24@S.25c; April,
s.25QS.27c; May, S.2SQS.29c.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-10-24

trains arrive Savannah as follows:
NO. 70, daily. from New York, Wash
ington, Richmond and Cincinnati, 4:be
a. m,
No. 80. daily from New York and
washington. 305 p. m.
No. 30. daily, from all points west,
via Jesup. 1920 a. m.
No. "a. daily. from all points west,
via Jesup. 1:o5 p. m.
All trains arrive and depart from
the Union Depot.
THROUGH CAR SERVICE, ETC.
Trains SO and "a. NEW YORK
AND FLORIDA EXPRESS. Vesti-
6uled limited trains. with Pullman
Drawing-room Sleeping Cars between
Savannah and New York. Connect at
Washington with Colonial Express for
Boston. Pullman Sleeping Cars be-
Charlotte and Norfolk. Dining Cars
serve all meals between Savannah and
New York.
Trains 80 and "a connect at Jesup
with through Pullman Drawing room
Sleeping Cars opei ated from and to
Kansas City via Birmingham, and
from and to Cincinnati via Chattf-
nooga.
Trains 20 and 80. THE wAsH1r7G-
TON, RICHMOND AND FLORIDA
LIMITED. Vestibuled limited trains
carrying Pullman Drawing room
Sleeping Cars between Savannah and
New York. via Richmond. Dining Cars
serve all meals between Savannah and
Washington. Also Pullman Drawing
room Sleeping Cars between Savannah
and Cincinnati, thr~@Sh Asheville and
The Land of tS.e Sky"
For information as to rates, sched-
ules, ETC., apply to
c. ". ACKERT, @. NJ.
s. H. HARDWICK, q. P. A.. Wash
ington, d. G,
W. II. TAYLoE. A. C. p. A.. Allan
ia, Ga.
r. c. RLATTNER, Depot Ticket
Agent Union Depot, Savannah, Ga.
4. G. THOMSON, G. P. a.. +. A., Sa-
vannah. Ca. 141 Bull street. Phones
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-10-24
TRADE AND FINANCE
-, HUSTON PUTS COTTON CROP AT
100000
MINIMUM MAY BE LARGER.
COTTON MEN BELIEVE GUESS HAS
BEEN DISCOUNTED.

soot Cotton Quiet and Easy and
ruchanged-Turpe Firm AT
,1c-LocaI and TeIegraphic Mar
kets.
The Morning News Office,
Thursday, Oct. %.
After the closing of the markets to-
aav Mr.. Buston of Liverpool gave out
his estimate of this cotton crop, plac-
ing if at IL, 100000. The opinion was
exnressed that the report had possibly
been discounted by recent declines, but
This will not be known until to-mor-
rows opening.
The cotton markets at New York
ond New Orleans during the day were
faatureless, with trading limited. The
snot markets generally were quiet and
easy Savannah closed quiet and easy
and unchanged.
Turpentine closed firm, at sic, which
&c thought by some to be about the ex-
tent of the reaction. Resins closed firm.
New York stocks closed heavy. Re-
sume of the markets as follows:
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-10-24
Hubbard Bros. a, Co... cation L.tter

New York. Oct. 23.-Liverpool came
hardly good enough for the improve
ment here yesterday. but our market
maintained it's position as the highest
market. Weather conditions continue
very favorable for the continued deyel-
opment and maturity of the plant The
receipts, however, are too light for the
weather to have any decided effect on
values. Until the movement increases
the weather has little effect as the dan
ger of frost is not yet past and the
trade is undecided whether the receipts
represent the crop or the holding for
an advance should frost come. Warm
weather seems likely for several days.
as low barometer is over the North
west. Mr. Bustons estimate is expect
ed tomorrow morning. Mr.. Buston's
estimate of the crop is II, 200, 900, which,
he says, must be increased if present
weather continues ten days. Mr.. Bus
ton regards this estimate as conserva-
tive,
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-10-24
RICE MARKET.

Continued interest is displayed in
the various offerings. Enquiry COW
ers the entire range of domestic styles,
from low fair to extra fancy. Japan
still demands attention and attractive
samples find ready custom.
Advices from the South note free
movement on the Atlantic Coast;
quality of early turnout somewhat dis
appointing, but as colder weather APP
proaches and rough is better cured, i'm
provement is expected. AT New Or
leans, market keeps up its activity
with a decidedly harder tone at the
close; higher prices have been obtained
and, with ready response from buyers,
recent advances have been maintained.
In the interior, prices rule strong
under conviction that crop will not
reach even the modified estimates Of
a month ago. In Texas, similar condi-
full figures has developed.
Gables and correspondence from
abroad note but little change in for
mer arrivals indicate a scant supply
of such before new crop is reached.
Talmage New Orleans telegraphs
Louisiana crop movement to date; Re-
ceipts, rough, Col 900 sacks; last year,
442, $50 sacks. Sales, cleaned (est)
III ,543 pockets; last year, 2s3.61 pock-
cts. Market strong and active at adj
vance.
TaImage, Charleston, telegraphs
Carolina crop movement to date: Re
oeipts. $3.50 barrels. Sales, 1890 bar
rels. Market steady; good demand.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-10-24
MONEY MARKET.

New York, Oct. 23-Money on call
steady at 4Q5k per cent, closed Of
fered at per cent. Prime mercantile
paper per cent. Sterling exchange
steady, with actual business in bank
ers bills at $4S6.50@4 $685. for demand
and at $4.S3.625 for sixty days. Posted
rates, 41z@4.s7h. Commercial bills,
s4.S2.75Q4S3.25. Bar silver, 50ssc. Mexi-
can dollars, 39Ac Government bonds
Irregular state bonds strong; railroad
bonds irregular.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-10-24
NAVAL STORES.

Thursday, Oct. %.
SPIRITS. turpentine market
opened quiet at SIC, sales 100, and closed
firm at sic, sales 1856. Current opinion
was that the reaction had about run
its course. Receipts 1,135, exports II.
ROSINS.-The market closed firm.
Opening sales 1896, and the closing 2S1.
Prices as follows:
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-10-24


Galveston-Quiet; middling, 8 3-16;
net receipts, 1853; gross, 1853; sales,
2,347; stock, 150,236 Exports-Great
Britain, II, 695; coastwise. 4,346.
Norfolk-SteNdy; middling, 3-16;
net receipts, 3,61S; gross, S,6ls; sales,
1,14s; stock, 1887. Exports-Coastwise
2,414.
Baltimore-Quiet; middling, s sis;
gross receipts, 205; stock, 3,541. q
Boston-Quiet; middling, $40; net re-
ceipts, II; gross, $685.
Neutrality-suspicious.; middling, Sis;. net
receipts, 1,64S; gross, 1,s4S; stock. 2t,-
7I2 g
Phradelphia--Quiet; middling, s.s5;
gross receipts, Sc; stock. 5,7Q7. Exports
Continent, Sc.
Savannah-Quiet; middling, 8; net
receipts, S,296; gross, 1926; sales, 264;
stock, 1888. Exports-Coastwise, l.
S15; continent, 1889; France, 4OS5.
New Orleans-Quiet; middling, SM;
net receipts, 12,341; gross. 1870; sales,
$780, stock, 1S7,O37. Exports-Conti-
nent $50; France, 2,S29.
Mobile--Easy; middling, q 1915; net
receipts, $780, gross, 3,040; sales, 500;
stock, 21,sS7 Exports-Coastwise 97s.
'Memphis-Steady; middling, 8; net
receipts, $3.50; gross, 1887; sales, g.
500; stock, 77,1s1.
lug uStd--Sleduy, 1nlQQllngt SA. net
receipts, 1,5O3; gross, 1921; stock, 49,
070.
Charleston--Firm m!ddling, 8; net
receipts, 1903; gross, 1,033; sales, 300;
stock 2oO61. Exports-Coastwise IS.
'Cincinnati-Quiet; middling, 81:
1877. -
+Louisville-Firm; middling, s 5-16.
FSt Louis-Quiet: middling, SM;. net
receipts 1888; gross, 4,723; stock, 1870.
|Houston-Steady; middling, 3-16;
net receipts, 15,400; gross, 1908; stock,
New York-Dull middling, $40; net
receipts 200; gross, 1885, sales, 97s;
stock, 41,245.
Pensacola-Net receipts, 1000; gross.
LOO. Exports-Continent, 1000.
san Francisco-Net receipts, 500;
sTOss' 900. Exports-Continent 900.
Iotal To-day at All Seaports-Net
Sa,4I; Great Britain, II sos; France. e.
oO4; continent, 1895; stock, 597,S7s.
o- consolidated at All Seaports-Net.
1 90 Great Britain, 91,20S; France,
4O;SO4; continent, 41,620.
1otal Since Sept. 1, at All. Seaports-
net 1857, 4l2; Great Britain, 4S0, 274;
france 156,s5S; continent, 5so,629.
NOT included in totals.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-10-24
DRY GOODS.

New York, Oct. 2S.-The market was
quiet to-day in all departments. The
demand was mainly for quick deiiy-
cries of staple lines. Stocks are limit
ed and buyers complain of difficulty
in placing orders, Prices were firm for
both cotton and wooden goods. Silks
and ribbons firm.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-10-24

tine and rosin unchanged.
Wilmington, N. c., Oct. 23.-Spirits
turpentine, nothing doing; receipts, IS
casks. Rosin steady, 81 POOL. 25; re-
ceipts, 1877. Crude turpentine firm, SITS
to $500; receipts, 40. Tar firm, $40;
receipts, 10S.
New Orleans, Oct. 23.-Receipts,
rosin, las barrels; turpentine, rs casks.
Exports, turpentine, Liverpool, 200
casks.
New York. Oct. 23.-Rosin firm.
Turpentine easy, 55k956c.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-10-24

Georgia and Ala. cons. IS LIP lib
Georgia State 3hs, 1880 .....107 10S
do SAs, 1915, M. and N....106 107
do AVS, 1915 .115A 1861
Macon City 6s, 1910, J. and J.113 lis
do AIS, quar-. gen. ....... 1924 110h
Ocean Steamship SIS. 1920 LOB 100
Savannah City 5s, quar-.
Oct, 1918 ...................109 ITO
Savannah City 5s, due 1909
Nov. coupons ...............107 108
Savannah Electric Co. SIS 49,. SO 81
Seaboard As .................. 80 81
Seaboard 10-year IS .104 105
South Carolina State Avs,
1888 ........ .................112 113
Sibley Mfg. Co.. 6s. 1902. -. .101 102
South Bound IS ..............113 ia
S., F. and w. gen. mt'ge.
rs, 1894 LIB 129
do do LIST IS, gold, 1924 ...114 116
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-10-24

weak. Commercial demand, sterling,
s4S4h; so days. $4.S2; 80 days, $4.S0%;
French, 5.22; Swiss go days, 5.221h Bel
gian, $5.20A marks, so oays, 81 S.1c; 6:
days, "a lie.
DOMESTIC EXCHANGE - Banks
are buying at S discount; selling up
to 5@25, 10c; 25@50, 15c; 50@1O0, zoe;
100000, Csc; $500 and over par.
SECURITIES-The Market is quiet,
A,,k d,,1I
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-10-24
COTTON.

Spot cotton closed quiet and easy and
unchanged, with sales by factors of
/ $50 Receipts were. 1926, against TO-.
as last year, and 5,144 two years ago
Good middling in f. o. b. market was
sac.
The following were the official spot
quotations at the close of the market
nj the Cotton Exchange to-day:
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-10-24
MURPHY & CO.. ING.

Board of Trade Building, Savannah.
Private leased wires direct to New
York. Chicago and New Orleans.
COTTON, STOCKS AND GRAIN.
New York Office. No. 81 Broadway.
Omces In principal cities. throughout
the south. Write for our market man
uai and book containing instruction for
traders.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-10-24
VIDALIA ROUTE.
The Macon, Dub1in and p
Savannah r. r. Co.

in connection with the Seaboard Air
Line Railway at Vidalia, Ca, operates
through Day Coaches and Parlor Cars
daily between Savannah, Dublin and
Macon without change, making close
connection at Macon for Atlanta, Bir-
mingnam, Chattanooga and all points
North and West. Trains arrive and
depart from Union Depot on Goth me-
ridian time, one hour slower than Sa-
vannah city time. as follows:
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-10-24
COTTON FUTURES AT VIEW YORK.

New New York. Oct. 2s.-cotton flu
res res opened firm: October, s.5oc; No
us'tloer SAC; December, 5000; jan
s ~, S;!Oc; February, S.43c; March.
2 A. H. May, S.45c; June, sac; July,
ulures closed easy: October, $3.50;
eihber, S.37c; December, S.4Sc;
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-10-24

January, $3.50; February. s.s6c;
March. s.S4c; April lac; May, s.S4c;
June, S.3Sc; July. S.S3c; August, sale.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-10-24
Southern
Railway.
CD
OK

Trains arrive and depart Savannah
oy s0th meridian time-one hour slow
er than city time.
Schedule Effective July 1. 1902.
a..s
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-10-24
Savannah Bank
and Trust Go.
Capital, S35O.OOO.

JOSEPH ID. WEED. President.
JOHN c. ROWLAND, Vice President.
VIM. F. MeCAULEY. Cashier.
sAML. L. CLAY, Assistant Cashier
general banking and exchaass
business transacted.
savings Department. interest
computed quarterly.
accounts of merchants, haDSs
ana corporations solicited.
American Express COmpany's let
tiers of credit issued available An all
parts of the world.
collections carefully made ana
promptly accounted for.
safety Deposit Boxes and Storage
Vaults for rent.
Correspondence invited.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-10-24
Atlantic Coast Line Railroad Co.

EFFECTIVE OCT. l. 1902.
Trains Operated by goth Meridian Tmeone