davidaulloa/AmericanStories huggingface dataset:
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-08-22
COTTON FUTURES.

New York, Aug. 21.-The cotton
market opened barely steady, with
prices 1@3 points lower, in keeping
with weakness in the Liverpool mar
het where prices had dropped some
5WZR points. There were foreign SELL
ing orders here and the more prudent
local longs sold out for turn, be-
HeVlng the recent advance too great
On the bullish factors at work, and
mat a large scattering long interest
lad accumulated. The Wall street
Jun element came to the rescue soon
alter the call and bid prices upward
.apiuly, January reaching 7.92c while
usust managed in some way to reach
G9.ooc. But at these figures the realiz-
ing movement by scattering longs
"sdln set in on a liberal scale; prices
we're unable to Withstand the strain
ma worked point by point lower. Re-
POI Is OF showers over the central and
EASTERN belt, with a forecast for show
weather generally tonight and to-
o,lroW, thus indicating a break in the
10y wave west of the Mississippi river,
irrSIped TO undermine bull confidence.
~ taulng was spasmodically active
+Iioushout the session, and in the last
l' was general. with liquidation
cropping all other operations. Fear
august notices tomorrow led longs
va w. uMgorge holdings I'm that delivery.
-, IN the result that the price broke -
t.ii.s from the top, 10 S.6fc. Later
a., ms were weak In sympathy.
ne close WAS easy and net edi
40. 900 bass.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-08-22

the efforts to support the market were
sistance to the weakness disappeared.
The stocks which were notably strong
yesterday and for some time previous
ly started out at declines this morn
ing and showed the largest
effect of the selling pressure
at the last. Some small
gains were retained even at the last
in few stocks which had advanced
earlier, but in others the gains were
more than wiped out. The movement
upward In the Denver and Rio Grande
stocks, which developed during the
day after a period of quiet was the
most conspicuous, but Denver and Rio
Grande closed with a substantial net
loss. Louisville and Nashville was
notably weak, and fell back at one
time 3 points.
The advance in Western Union was
said to be due to pressure upon the
shorts, the demand for the stock In
the loan crowd being such as to COM
mand premium. With the exception
of Texas and Pacific and Ontario and
Western, the other demonstrations of
strength were in minor railroad and
industrial stocks. The acute weakness
of Colorado Fuel, which carried 1t down
in the late trading eight points, also
was an unsettling influence upon the
whole market. The failure of the
speculative operator who has led the
advance in the stock to obtain control
of the property has resulted In heavy
speculative liquidation. There was a
notable absence of demand at the
close even from the professional short
interest, which must have been active
on the downward course of prices dur
ing the day, and the closing tone was
distinctly weak.
There was no actual new develop
ment to account for the sudden dspo-
sition to sell stocks, but there was a
very material change In sentiment
which caused an altered view of the
same conditions as existed yesterday.
Extravagant as were the expectations
as to the promptitude and extent of
the measures which Mr.. Morgan would
take to improve the situation, there
was some disappointment this morn
ing over the delay. BAD.
The bond market was quite active,
and became easy In sympathy with
stocks. Total sales, par value, 1855, :
900. United States new As and old A.
advanced II per cent. on the last call.
Total sales of stocks to-day S66, 500
shares, including: Atchison, 1890;
Baltimore and Ohio, 5000; Canadian
= dSiiCs ll,OVV, 1IllSakO anu AILOlt I0s-
500: Chicago Great Western, 12700:
Denver and Rio Grande, $4,000; do
preferred, $4,000; Erie, 2460o; Louis
vile and Nashville, 34,40O; National of
Mexico. 10000; Missouri Pacific. $1,000;
Norfolk and Western. 5000: Ontario
and Western, $4,000: Pennsylvania, T.
900; Reading. 29,600 St. Paul, $500;
Southern Pacific, $4,000; Southern Rail-
way, 39.700 Texas Pacific. 81. 300; To-
ledo and Western, 1000; do preferred,
$500; Union Pacific, 10000; Wabash, s.
trail, $500; Colorado Fuel and Iron, ST.
500; Republic Steel 1000; United States
Steel. 81 200; do preferred. $500; West
crp Union. $1,000; Kansas city South
ern. 1880.
New York stock and Bond List.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-08-22
THE RICE MARKET.

The market reflects vacation condi-
lions, although at the close of the week
more interest was shown in the at
tractive offerings of new crop both by
local and out-town trade. Not much
fault is found with prices, as buyers
are simply supplying wants as they
occur This eminently safe basis of
operation, results in many small pur-
chases, aggregating, however, fair
volume for the week.
Advices from the South note fair
progress of growing crop on Atlantic
coast. The market for cleaned is at
a stand-still there being little or none
offering. At New Orleans, receipts
cleaned far in excess of any previous
season equal date. Millers complain
that margins between rough and
cleaned are insufficient, and have been
more sparing in their purchases-result
is that factors are storing a large
part of recent arrivals of rough. In
Southwest Louisiana and Texas, in
the main, prospects are fiattering-both
as to quantity and quality of the pro-
duct
Cables and correspondence from
abroad note sluggish conditions. Tai
mage, New Orleans, telegraphs Lou
isiana Crop Movement to date: Re-
ceipts, rough, 1855 sacks; last year
21,293 sacks. Sales, cleaned (est) SO,
245 pockets; last year, 10,740 pockets.
Factors storing rough. Market for
cleaned strong and medium and fancy.
TalmaGe, Charleston, telegraphs
Carolina Crop Movement to date: Re-
ceipts, 46,175 barrels. Sales. 1910 bar
rels. Market quiet, but little offer
ing.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-08-22
Murphy Il Co.'S Cotton Letter.

New York, Aug. 21.-Speculation in
cotton this morning was on a small
scale. The early Liverpool advices
were far from expectation being at a
sharp decline. 1t was apparent that
the trade in Europe was not disposed
to undertake important action during
the present state of uncertainty as re-
spects the crop which has undoubtedly
suffered much of late. The question u.s.
can it yet overcome the effects of raw
ages by insects, shedding drought and
other drawbacks, and even then will
it safely pass through the frost period
without being curtailed. Meanwhile
speculation in all directions halts
while recognizing the possibility of
yield proving a large one or of being
materially reduced. Extreme heat in
Texas was complained of to-day, and
the Atlantic states are not so good as
they were. The market all morning
was extremely sensitive, and after los
ing points, advanced and then again
turned easy. Both sides were timid.
Uncertainty as to the situation for Au-
gust keeps the trade in a state of sus-
pense. Ports receipts to-day, $500,
against 2.100 last year.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-08-22
TRADE AND FINANCE
COTTON MARKETS CLOSE STEADY
AND MAINLY FEATURELEss.
FUTURES AT THE DECLINE.
THE DRoR CAUSED SOME OF THE
TRADE NOT TO OFFER COTTON.

ON the Spot There Was Some In
ouiry, With the Country Begin
ming to Offer Through the 4. o. b.
MnrISet-Turpentine Firm at Hike.
Resins Firm and in Demand-Lo-
cal and TeIegraphic Markets.
The Morning News Office,
Thursday, Aug. II.
The cotton markets were not inter-
esting to the trade to-day, and with
hut few exceptions were without fea-
ture. The New York market closed
easy 6 to points lower. and New Or
leans closed with Aug. II off, Sept. s
off. oct. off, and others to 6 off
There was no disposition on the part
of any to enter the market upon a
large scale, and the day closed without
any aggressive action on either side.
The receipts are beginning to in
crease, and the trade look for activity
in trading circles within the next few
days. Already there is considerable
inquiry from exporters, and the coun-
try is beginning to take an interest in
the market.
Turpentine closed firm at 44hc, with
the demand good. Resins closed firm
and with the demand equal to the of
ferings. Resume of the markets for
the day as follows:
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-08-22
II. & u. Beer Co.'s Cotton Letter.

New Orleans, Aug. 21-At Liverpool
advices We're not encouraging our mar
kct opened to lower on near and 2
20 3 on late, but subsequently i'm
proved 4 to Z in consequence of fresh
buying predicted on the general alb
sence of rain throughout the belt.
Later in the season it was ascertained
that Wall street had temporarily with
drew its support and it Immediately
became apparent that traders were
anxious to realize. The pressure to sell
occaSioned a break of 8 to 10 from the
top, making the net loss to points
on all months except August, which
declined IL points. Showers are pre-
dicted to occur over Oklahoma and
Arkansas tonight and Friday, where
as elsewhere generally fair weather is
indicated during that period. The
high temperatures prevalent through
out the cotton region are considered
bullish, but are offset by the large re-
ceipts and lack of demand for spots
Speculation has not yet been attached
to the article notwithstanding the as
siduous efforts made, and the inference
is that the crop outlook on the whole
must be favorable. OF course, if gen.
eral rains do not soon materialize, the
chances are values may enhance fur
Their.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-08-22

trains arrive Savannah as follows:
No. 70, daily, from New York, Wash
lngton, Richmond and Cincinnati, 1850
a. m.
No, SO. daily from New York and
washington. 3:05 p. IN.
NO: 80. daily. from all points west.
via Jesup, 1920 a. m.
NO: "a, daily, from all points west,
via Jesup, los D. m.
All trains arrive and depart from
the Union Depot.
THROUGH CAR SERVICE. ETC.
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 be-
tween Charlotte and Richmond and
Charlotte and Norfolk. Dining Cars
New York
Trains 80 and 81 connect at Jesup
with through Pullman Drawing room
sleeping Cars operated from and to
Kansas City via Birmingham, and
from and to Cincinnati via Chatta-
nooga.
Trains 20 and 30, THE WASHING
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, through Asheville and
The Land of the Sky"
For information as to rates. sched-
ules, etc, apply 30
c. II. ACKERT, G. NJ.
5. H. HARDWICK, G. P. A, Wash
tngton. d. G.
w: H. TAYLoE. A. @. p A.. Attain
ia. Ga.
r. c. BLATTNER, Depot Ticket
Agent. Union Depot. Savannah, Ga.
e. G.. THOMSON, C. P. & T. A., Sa-
vannah, Ga, 141 Bull street. Phones
$50.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-08-22
MURPHY . Cos STOCK Letter.

New York, Aug. 21.-The stock mar
ket developed strong tone on a large
volume of transactions. There was a
slight early reaction due to profit TAX
ing, but this was subsequently follow
ed by pronounced bull movements In
Denver, Alton, Louisville and Nssh-
vile, some of the specialties. Coalers
were firm at start of general belief that
the miners strike was on the verge of
collapse. The earlier quotations for
money were favorable influence. The
afternoon sentiment was adversely af
fected by the absence of any formal
announcements of the financial and
labor conciliatory plan which had pop
ularly been credited to a dependence
upon Mr. Morgan's return, eyid ences of
profit takings were discovered in some
issues, and this led up to prominent
profit taking and to the raising of the
limit on many stop orders which ia
cilitated the uncovering of them. The
severe break in Colorado Fuel and Iron
was believed to have compelled the
sacrifice of other stocks for the sake
of offsetting losses In this industrial
issue. The delegation of the contest for
control in the Colorado curb also in
duced sales of stock which had been
acquired solely for the purpose of an
nual meeting, which was to have been
held yesterday. The extreme break in
Colorado Fuel and Iron, reached 8 per
cent, making a decline Of 10 per cent.
from the opening Of yesterday. The
rally at the close amounted to only l
per cent Notwithstanding the general
weakness of the speculation there was
some shares advanced. General Elec-
trio rising over per cent. and Sloss
IRON and Steel nearly 4 per cent. The
late general market, however, closed
weak and at about the lowest point OF
the day. Government new tours rose
quarter. Railroad bonds were fairly
firm, considering the influence eXercis-
ed by relation in the stock list. Bond
sales 81 Az 600
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-08-22
LIVERPOOL COTTON MARKET.

Liverpool, Aug. 21.-Cotton: Spot,
moderate business, prices easier. Amer
lean middling fair, 7-32d; good mid
ding, 31-32d; middling, 4%d; low mid
ding, 25-32d; good ordinary 21-32d ;
ordinary, 31-32d. The sales of the
day were 5000 bales, of which 500
were for speculation and export, and
included 500 American. Receipts,
10000 bales, including LOO American.
Futures opened easy and closed
steady; American middling, g. o. c.:
August, 442@444d, buyers; August
September, 4.S9d, buyers; September
October, 4.3Od, buyers; October No
vember, 4.24d, sellers; November-De-
cember Aid, value; December jan
uary, 4.19@4.20d sellers; January Feb
ruary, 4.19d buyers; February March,
4.19d, buyers; March-April, AID, val
ue; April May 4.19d, value.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-08-22
STOCKS AND BONDS.

New York, Aug. 2i.--Active specula-
tive liquidation became manifest in
to-day's stock market and at the close
the selling movement was urgent and
somewhat precipitated. During the
earlier part OF the day some stand was
made against the tendency 10 depres-
sion and a few stocks were pushed up
al different times as "a sustaining in
fuence upon the market. but the SELL
ing to realize elsewhere IN the mar
ket was steadily going on all the time.
At the last the liquidation seemed 10
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-08-22
Hubbard Bros. & Co... Cotton Letter.

New York, Aug. 21.-LiverpCol react
ed from the advance of yesterday on
the heavier offerings from the South,
and the indications of an early move
ment. Wall street support has been
lacking during the morning, and the
local traders thought they were willing
to see a reaction. After the opening
rally the market slowly eased on small
business. Rainy weather is predicted
for the northern portion of the cotton
belt to-day and tomorrow. Nm indi-
cations of rain are to be seen in Texas
and the trade are watching that state.
Local traders were inclined 70 liquidate
their recent purchases because Of the
absence of outside buying orders and
the weakness abroad. A very poor bu-
reau report is now expected.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-08-22
COTTON FUTURES AT NEW YORK,

New York, Aug. Election futures
opened easy. August, S.51; September.
S67; October, 1888; November, 7.S3; De-
cember, 1855; January 7.SS; February.
7.S5; March, 1856; May 1856
Futures closed easy. August. S.46:
September, S.02; October. 7SS; Novem-
Der, $50: December. ISL: January, 7s4;
February, ISL; March, ISL; April, 7.sl;
May, 1882.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-08-22
FINANCIAL.
MoNEY-Market easy.

MONEY-Market easy.
FOREIGN EXCHANGE Market
steady. Commercial demand, sterling
$4.S71a; so days, $4S41a; 80 days, SASSY +;
French, SIG; Swiss, 60 days, 522; Bel
gian, $5.20A marks, 60 days, 955s; 80
days, 9411.
DOMESTIC EXCHANGE - Steady;
banks are buying at 75c per M. dis
count; selling up to 5@25, 10c; 25@50,
15c; 50@10O. zoe; 100000. Csc; 200@30O,
DOC; 3OO@4o0, csc; 4o0Q500, 4oc; 500@6OO,
45c; 600 and over, Toe per M. premium.
SECURITIES-Cent incomes are
ends.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-08-22
NAVAL STORES.

Thursday, Aug. q.
SPIRITS-The turpentine market
opened firm at 44Nc, sales 691, and
closed firm at 441zc, sales 60. The de-
mand was equal to the offerings. Re-
ceipts, 1907. and the exports 246.
ROSINS-The rosin market opened
firm at the price below. sales 1853. and
closed firm and unchanged, no sales.
The demand was moderate. Receipts,
3.469, and the exports 2,465. Prices as
follows:
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-08-22

Spot cotton closed steady and un-
changed. Sales of III were reported
from factors tables. The demand was
fair with inquiry promising. In the
f. o. b. market considerable inquiry
was reported. Current report for
basis g. m. was 7-16@S1ac.
The following were the official spot
quotations at the close of the market
at the Cotton Exchange to-day:
This Last
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-08-22
MONEY MARKET.

New York, Aug. 21.-Money on call,
steady, 31a@4 per cent, closing bid and
asked 31s@4 per cent; prime mercan-
tile paper, 4%@5 per cent. Sterling
exchange firmer, with actual business
in bankers bills, at s$4.S7A for de-
mand, and at s4.s41a for sixty days;
posted rates, $4.S5Q485k and SASS;
commercial bills, $4S3B@4S4s. Bar
silver, 52Ac; Mexican dollars, 41Ac.
Government bonds, strong; state
bonds, inactive; railroad bonds, easier
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-08-22

rosn unchanged.
Wilmington, N. c., Aug. 21.-Spirits
turpentine, nothing doing; receipts, 60
casks.
Rosin, nothing doing, receipts, 27S.
Crude turpentine firm at $1.40, $3.50
and $3.50; receipts, 40.
Tar firm at $780, receipts, 112.
New Orleans, Aug. 21.-Receipts, ros-
in, POI barrels; turpentine, 80; exports,
Costa Rica, rosin, rs.
New York, Aug. 1.-Rosin, steady.
Turpentine-Steady; 4624 @47Ac.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-08-22
DRY GOODS.

New York, Aug. 21.-Fully an aver
age amount of business to-day in the
general run of cotton goods on home
account at unchanged prices. Small
purchases of heavy brown cottons
made for China.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-08-22
Savannah Bank
and Trust Go.
Capital, $35O,OOO.

JOSEPH ID. WEED, President.
JOHN c. ROWLAND, Vice President.
WIN. F. McCAULEY. Cashier.
sAML. l.. CLAY, Assistant Cashier.
A general banking and exchange
business transacted.
savings Department, interest
computed quarterly.
accounts of merchants, banks
ana corporations solicited.
American Express Company's let
tiers of credit issued available in all
parts of the world.
collections carefully made and
promptly accounted for.
Safety Deposit Boxes and Storage
vaults for rent.
correspondence invited.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-08-22
MURPHY & CO.. INC.

Board of Trade Building. Savannah.
Frlvate leased wires direct to New
Aork, chicago and New Orleans.
CoIroN' STOCKS AND GRAIN.
New York ONCE. No. 81 Broadway.
Omces in principal cities throughout
Ine South Write for our market man
uai ana book containing instruction for
traders.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-08-22
ON Railway.

Trains arrive and depart Savannah
by 90th meridian time-one hour slow
er than city time.
Schedule Effective July 1. 1902.
TO THE NORTH AND Fast
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-08-22
Market steady; sales, lit.

This day two years ago .. 10;
Receipts since Sept. l ........ !, 1873 9St
Same time last year ......... / ,079 65l
Stock this day ................ $685.
Stock this day last year ........ 697i
Port Movement
Receipts this day ............ 492e
Receipts this day last year 49,. 2,O7C
Receipts year before last 49,. GIG
Receipts since Sept. 1 ....... Z, 500, 306
Last year .."...................7 .477 ,60z
Year before last ............... 6,503, los
Stock at the ports to-day ....... 146,SS9
Stock same day last year -. 253, zoe
Daily Cotton Market
Galveston-Firm; middhng, S7-16c;
net receipts, 1923; gross, 1913; sales,
1,722; stock, 11,742. EXportS-CoastWise
2,63S
Norfolk-Quiet; middling, &c; net re-
ceipts, s.; gross, s; stock, 1888. Exports
--Coastwise, 1877. .u b ~ .l- e. , ~.
altimore-Nominal middling, 9Ac;
stock, 1.S45.
Boston-Quiet middling &c; net re-
ceipts, /; gross, 1898.
Wilmington-Firm; middling. SIC;
net receipts, z; gross, Z; stock, 730.
Philadelphia-Quiet; m1ddling, SIC;
stock 2,1S9.
savannah-steady; middling, SIC;
gross, LOO; sales, III; stock, S,39S.
New Orleans-Quiet; middling, sac;
- AooNARNS' O'1f 6AOSS, OdAp oeIiNOj oVVJ
stock, 34672.
Mc5ile-Nominal; middling, Shc net
receipts. 12 gross, II; stock, 1903. Ex-
ports-Coastwise 800.
mphis-Quiet; middling, SIC; net
receipts, Z; gross, 157; stock, 1921
Augusta-Firm; middling, 85-16c: net
receipts, 1877; gross, 1877 stock, 1910
Charleston-Quiet; net receipts, "a;
sales, "a; stock. II. Exports--Coastwise
12S
Cincinnati-Quiet; middling, Gc net
receipts, so; gross, so; stock. 9,245.
Louisville-Firm; midd,G-;, S5sc.
St. Louis-Quiet middling, Slice;
net receipts, 5; gross, 8; stock, 1896
Houston-Steady; middling, S7-16c;
S,175.
New York-Quiet; middling, &c; gross
1,231; sales, 40; stock, $3.50. Exports
TO the continent, 1882.
Total To-day-Net receipts, 1929; to
the continent, 1882; stock, 146,SS3.
Consolidated-Net receipts, 1914; to
Great Britain, 2,753; to the continent,
1926
Total Since Sept. Met receipts, T.
$780, 06; to Great Britain, 3,001, 574; to
France, 741,661; to the continent, $685.
918.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-08-22
'Daily. sExcept Sunday. tsunday

'Daily. sExcept Sunday. tSunday
only. t2@
Connections made at terminal points
with all trains Northwest. West and
Southwest. ssina
Sleeping cars on night trains between
Savannah and Augusta, Macon, At
lanta. Columbus, Ca, and Birming
ham, Ala.
Train No. 1, leaving Savannah at 2
a. m, does not make connection for
Augusta on Sundays.
Parlor cars on day trains between
Savannah, Macon and Atlanta.
For complete information, schedules,
rates and connections, apply to
w. G. BREWER, City Ticket and
Passenger Agent, 107 Bull street, or
W. r. MCINTYRE Depot Ticket
Agent.
]. C. HALLE, Gen. Pass. Agent.
F. j. ROBINSON, Asst. GenI Pass.
Agent.
w. A. wINBURN, Vice President and
Traffic Manager.
THEO. q. KLINE, General Supt.
Savannah Ga.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-08-22

BETWEEN SAVANNAH AND TY-
BEE.
Trains arrive at and depart from
Tybee depot, Randolph street, foot of
President
Standard (90th meridian) time, one
hour slower than Savannah city time.
LEAVE SAVANNAH
Week Days-5:45 a, m, 900 a. M, 80
p. m, APO p. m. 900 p. M, 7:40 p. m.
Sundays-7:25 a. m, 900 a. M. 1900
a. M, 2:30 p. m, 4:20 p. M, 600 p. m,
7:40 p. m.
LEAVE TYBEE.
Week Days-5;00 a. m, TOO a. M,
1000 a. M, sos p. m, 6:45 p. m, $3.50
p. m.
Sundays-5:0O a. m, S:15 a. M, 1000
a. M, 11:50 a. M, sos p. M, 6:45 p. M.
800 p. m.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-06-16
P4TIR04D AND OTHER STOCKS.

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