davidaulloa/AmericanStories huggingface dataset:
The Savannah morning news., 1902-05-18

New Orleans, May flowing to the
observance of Whitsuntide holidays,
the Liverpool market was closed, there
fore operators here had to work on the
American situation. Consequently our
market opened to lower, and. as the
Chronicles weather report, issued yes
,terday afternoon, was favorable, it soon
became apparent that further liquida-
ton would take place. Free selling on
stop orders and the fear that the an
thracite coal strike would extend, oc-
casioned an additional break of IL to
10 on summer positions and to on
new. Every effort was made to es-
tablish rally about this time, but
the weakness of spots and abundance
of selling orders presented same. caus-
ing a net loss of IA to 20 per cent. on
old crop options and to 10 on new.
The movement was light, and indica-
tons point to a continuance of small
receipts, as there is little or no export
demand. AS long as spinners are apa-
thetic the amount marketed will be
nominal and it is questionable wheth-
er these bullish figures will have any
lasting effect, considering tight money
the probability of the coal strike dis
rupting business generally in America
and the absence of demand for the raw
article. Under these circumstances the
prospects of the next crop Will over
shadow the statistical situation, and
daily weather conditions Will exert
more influence in the future on values
than anything else. Notwithstanding
there has been a sharp decline locally
our market is still the highest relative
ly in the world. Such being the case
we again urge our friends against OPP
Grating in the summer months either
way and suggest that transactions be
confined to the new, as they are De-
coming more active.
The Savannah morning news., 1902-05-18
TRADE AND FINANCE
orToN MARKETS CLOSE FEA-
rrRELEss AT THE DECLINE.
Futures LOWER ON SELLING.
LIGHT DEMAND IN THE SPOT MAR
KES AT LOWER RPRICES.

r.ir Trading in the Naval Stores
MARKETS Up to the Usual EARLY
Closing Mt O'cIock-Spirits Firm
AT 43lsc-Rosins Firm-LOcaI and
TeIegraphic Markets.
The Morning News Office,
Saturday, May II.
further declines in the cotton flu
+ures market to-day lead many to
believe that the long interest is much
larger than ever estimated. With a
market scare longs flee as game before
a fire. Few have much idea of the
large number who load up on cotton
until the time comes to unload. From
the reports of both the New York and
New Orleans markets it was shown
that the sharp declines were due to
the pressure of liquidation by longs
fearful about carrying their holdings
over Sunday. They preferred to with
draw all their commitments.
The downward tendency of futures
carried with it a corresponding weak
ness in spots, which were neglected at
all the trading centers. Except in
cases of urgent demand exporters were
mot disposed to enter the market, be-
lieving that prices will recede materi-
allv when there is a full response to
the present sagging tendency of fu-
lures.
The turpentine market closed firm,
at 45l5c. with the demand satisfactory
Resins closed firm. Trading in the
naval stores markets came to a close
at 2 o'clock, but up to this time fair
business was done. Resume of the
markets as follows:
The Savannah morning news., 1902-05-18

Trains arrive Savannah as follows:
no. ~, daily, from New York, Wash
lnston, Richmond and Cincinnati, 4:50
a. m.
No: IS. daily from New York and
Washington, 3:05 p. m.
All trains arrive and depart from
the Plant System station
THROUGH CAR SERVICE, ETC.
Trains 80 and "a, NEW YORK
AND FLORIDA EXPRESS, Vesti-
Duled 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
serve all meals between Savannah
and New York.
Trains 20 and 80. 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 to
c. H. ACKERT, G. NJ.
5. H. HARDWICK, G. P. A., Wash
ington. D. c.
w. H. TAYLOE, A. G. P. A. Allan
ia, Ga.
r. c. BLATTNER, Depot Ticket
Agent, Plant System Station, Savan-
nah, Ga.
E. G. THOMSON, c. P. & T. A., sa-
vannah, Ga, 141 Bull street. Phones
The Savannah morning news., 1902-05-18

list. Following the call covering car
rled prices up point or so, but Wall
street interests appeared as large SELL
ers. Commission houses soon took a
prominent part in operations, and I'M
loaded liberal lines of July and Au-
gust cotton. under which the whole
market turned weak. Unfavorable coal
strike news, unrest in stock and money
circles in Wall street and pronounced
break in the New Orleans market, sup
plemented the fine weather and crop
reports from the South. Exceptionally
light port and interior town receipts,
reports that spot cotton was holding
steady pretty much over the whole belt.
and bullish estimates for the present
weekend statistical showing went for
naught as compared with the bearish.
influences mentioned above. Within
the first hour July dropped to sic and
August to S.4Sc. A slight rally fol-
lowed, but at the best the market was
very feverish and irregular during the
rest of the short session with commits
sion houses sellers of the summer
months. There were no cables in hand
from Liverpool, that market having
closed last night not to reopen until
next Tuesday morning Reports that
New Orleans bulls were selling out
came forth when July in that market
broke from 9.20c to 8. 03c.
The Savannah morning news., 1902-05-18

New York, May 1.-THE cotton mar
ket this morning opened unchanged.
Speculation at first on a moderate
scale because of the close of Liverpool
until Tuesday next, but later on was
active on free selling of old crop
months, which broke sharply, New Or
leans selling here on a large scale.
Sentiment in cotton is pretty well mix
ed. The weather has been so fine that
the bears are jumping to the conclu
sion that a big crop is assured. 9th
ers contend that the danger point will
not be passed before the frost season
has set in. Surveying the situation
from all standpointS there is nothing
specially inviting for aggressive oper
atoms for a while. Manipulation of
summer months may lead to squeeze
of some Importance. especially if we
should have a less favorable govern
ment report for June and July and,
again, magnificent summer crop pros
poets may be dispelled by the poorest
kind of weather later on. The spinners
situation seems to be making some i'm
preston and the fact has been over
looked that their recent heavy takings
do not indicate rapid consumption. but
May as believed by many. indicate
wise provision for future contingent
cies. Port receipts to-day only 5000,
against 5000 last year. The Chronicle
weekly weather report was simply con-
firmatory of what had been received
early in the week and fell fiat. Trade
reports revealed somthing of a stand
off" as regards bearings on cotton.
Montgomery, Augusta, Charleston, Sa-
vannah New Orleans and Oklahoma
reported light rains. Estimates to-
morrow: New Orleans, 1900 to 1000,
against 4,216; Houston, 100 to 200,
against 2,541.
The Savannah morning news., 1902-05-18
STOCKS AND BONDS.

New York, May 17.-Prices made q
decided recession in the first hour of
today's short session of the Stock Ex
change because of apprehension over
the efforts to make the anthracite min
ers' strike a national coal strike, but
practically recovered after the bank
statement appeared.
A fall of nearly 2 points in Colorado
Fuel and heavy selling of United
States Steel to below 40 unsettled the
close and made it's irregular at de-
clines from the rally. The selling of
United States Steel may have been due
to fears of special damage to that in
dustry from possible interruption to
.bituminous coal mining, or it may
have been connected with the meeting
of stockholders on Monday to ratify
the conversion of preferred stock and
the issue of bonds. The bank state
ment showed a decrease in cash of
over a million, where a gain of that
much had been expected. but this was
ignored in the satisfaction felt over
the heavy reduction in deposit liabil-
tiles effected by loan contraction by
which the surplus reserves were recu-
perated to the extent of nearly $5,000,-
900. The weeks reduction of $22, 90S, 100
in the loan account has only once be-
fore been equaled. In the week end
ing May IS, 1901, the banks reduced
their loans $24,204, 800. This was the
week followed the panic week in the
stock market when loans had been
made practically without limit to
check the panic and when the buying
to support the market was followed by
quick liquidation after confidence was
restored.
The past weeks events make it clear
that no such liquidation has occurred
as this loan contraction would meas
ure. The local trust companies have
been large lenders all the week. Bank
ing authorities estimate loans placed
by the trust companies at as high as
$20,000,000. There has been lending also
for account of interior money centers.
This is without taking any ACCOUNT Of
the large borrowing abroad, reflected
in the foreign exchange market. 1t is
reported that there have been large
sales this week by American holders
of British consol subscriptions which
have risen in London to. premium of
2 3-16. The proceeds of these sales
would represent of course actual re-
Punishment of local money resources,
but the banks figures must represent
for the most part a shifting of accom-
n1odations rather than loan reduc-
ton.
The market for bonds has grown
dull and has moved in sympathy with
stocks. United States 3s declined Y
and all other issues "a per cent. below
the closing call of last week.
Total sales of stocks to-day were
333, 400 shares, including: Atchison. T.
900; Baltimore and Ohio 5000; Cana
dian Pacific, 5000; Erie, $780, Penn
sylvania, 14300; Reading, 64.700; do
second preferred. 10000. st. Paul H.
800; Southern Pacific $500; Southern
Railway. $500; Union Pacific, 26,6OO;
Colorado Fuel, $500 Sugar, 10, 500;
United States Steel $1,000.
The Savannah morning news., 1902-05-18
FINANCIAL.
MONEY-Market easy.
TnD ETGN Ivy CIJ No

NUN Il 1 -MdIhel easy.
FOREIGN EXCHANGE - Market
steady. Commercial demand, sterling
s4.S712; so days. S4.S4h; 80 days, 81 .S31a A.:
French, 519; Swiss, so days, 5.22; Bel
gian, 520A: marks, 60 days, 94B; 80
days, 941s.
DOMESTIC EXCHANGE - Steady;
banks are buying at 75c per M dis
count; selling UP to 5@25, 10c; 25@50,
15c; 50@1O0 zoe; 100000, Csc; 200@30O,
soc; lm2@400, 35c; 4O0@500. 4Oc: 5oa@6OO,
45c; 600 and over, 75c per M premium
SBCURITIES-The general market
is quite dull and but few trades are
being made. Bank stocks are small
and neglected.
The Savannah morning news., 1902-05-18
NEW ORLEANS COTTON FUTURES.

New Orleans, May 1.-THE market
for spot cotton was almost lifeless.
Quotations reduced &c on all grades.
In futures prices worked down almost
from the opening call without any ap-
parent reason, other than the slump in
New York, when prices dropped over
dollar bale on July and August be-
low yesterdays closing. Some of the
leading bulls in this market made Wig
orous efforts to head off a further
downward movement. and were meas
ureably successful, the figures working
back under this support to the extent
of sos points on near months. The
best they could do. however, was to
head off any further break in the sum-
mer months. The close showed net
losses of 4@21 points.
New Orleans, May 17.-Cotton futures
quiet. May. S.94c asked; June. 1920
s.94c; July, 9.O2@S.O3c; August, $500
s.53c; September, S.06@8O7c; October,
7.76@7.7Sc; November, -766Q767c; De-
cember, 7.66@7.67c; January, 1880. roc.
The Savannah morning news., 1902-05-18

4 very light scale, and the visible sup
ply is now $4,000 bales less than last
season. On the other hand crop ac-
counts are we'll nigh perfect and Eli
sons gives the European spinners 2S5,-
600 bales more than last season. Liv-
erpool brought on orders sent yester-
day in anticipation of a further de-
cline here to-day. The spot market
was quiet, hc decline. Scale for ex-
port 5000; sales for consumption 41O
bales
The Savannah morning news., 1902-05-18
MONEY MARKET.

New York. May 17.-Money on call
nominal; no loans to-day. Prime mer-
camille paper, 1905 per cent. Sterling
in bankers bills at $4.s7@4S7h for de-
mand, and at $4S4A@4.841a for sixty
days. Posted rates. $4.S5@4.S51s. and
$4.s7@4SSS. Commercial bills, $4.S3B@
4.S4B. Bar silver. 51Ac. Mexican dol
lars. 41hc. Government bonds steady;
state bonds inactivei railroad bonds
90
The Savannah morning news., 1902-05-18
DRY GOODS.

New York, May 1.-THE week in the
dry goods market closed without
change in general conditions here. The
demand to-day was quiet throughout.
The tone was dull. but generally
steady. Print cloths unchanged.
with little demand coming forward.
Cotton yarns easier for both weaving
and knitting kinds. Worsted yarns
firm. Wooden yarns steady.
The Savannah morning news., 1902-05-18
SEA ISLAND COTTON.

Friday. May 16.
FOR the past few weeks trading in
Ihe sea island cotton market has been
united. The quotations given below
teIect IN some grades the asked prices,
oeIow Which it is claimed the cotton
Gahnot be had. Concessions are not be-
ing granted by holders, either here or
III tne interior, on the theory that the
luton will be needed by consumers be-
. the new crop reaches market, and
~ oHdl obtaining full prices is a question
VI waiting until stocks of mills runs
eo"n and the demand becomes sharp
o. Inc longer the cotton is held the
- its value to holders, owing to
f ne ADDITION Of carrying charges, and
a ~ ms reason steadily higher prices
ss re oelng asked. The table below
M me statistical position at Savan-
Ga Inc crop in sight to date is a.
w. Wv against $4,000 last year, and 9s,2O2
'ear before last
The Savannah morning news., 1902-05-18
Weekly Bank Statement.

New York, May t7.-The statement
of the Associated Banks for the week
ending to-day shows:
Loans, decrease, $22, COS. 100 deposits,
decrease, $24073, 700 circulation, in
crease, 1850; legal tenders, increase,
$531, 700; specie, decrease, $1664 900;
surplus reserve, increase, $4,S85, 525.
The Savannah morning news., 1902-05-18
hubbard Bros. & Co.'s Cotton Letter.

New York, May T.-Our market
opened with sales of July at $3.50 and
after selling at s.7568.76c ruled at Sic
at II a M, heavy selling by discour-
aged holders which kept striking stop
orders together with some short SELL
ing on crop prospects, brought about
demoralized market to-day. The small
short interest took their profits with
out stopping the decline, and the tone
at the close was easy with the trade
looking for a lower market on Mon
day. The movement of the crop is on
The Savannah morning news., 1902-05-18
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.
Ornces in principal cities throughout
the South. Write for our market man
ual and book containing instruction for
traders.
The Savannah morning news., 1902-05-18

and rosin unchanged.
Wilmington. N. c., May 17.-Spirits
turpentine quiet. 45c; receipts, AZ casks.
Rosin quiet, $1.10@1 Is; receipts, 1877.
Crude turpentine firm, LAO, 81. so and
81. so; receipts, II. Tar firm, $1.30; re-
>ceipts, IL.
New Orleans, May 17.-Receipts, ros-
in, 372 barrels; turpentine, 1875. Ex-
ports to Liverpool, rosin. 1880.
New York, May H.-Rosin steady;
strained common to good $3.50. Tur-
pentine steady, 4S@4S1ac.
The Savannah morning news., 1902-05-18
COTTON FUTURES AT NEW YORK

New York. May 17.-Cotton futures
opened barely steady; May, 9.11c; June,
9.02c; July, S.S5c; August, $3.50; Sep
TENDER. S.12c; October, 1870; Novem-
Der, 1920; December, 1890; January,
1880.
June, 5000; July, $3.50; August. 8.43c;
September, S.O2c; October. 7.91c; No
vember, 784c; December, 1880; Janu-
airy, 7.S3c; February. 1880.
The Savannah morning news., 1902-05-18
COTTON FUTURES.

lee, y. york. May 1.-THE cotton mar
pot,,lp ghed barely steady with prices
er q. loWer on May. and point high
points lower on the rest Of the
The Savannah morning news., 1902-05-18
COTTON.

The cotton market closed nominal to-
day with sales by factors of 16. What
demand there was was for cotton at
prices below the official level. Receipts
were only 8 bales. In the f lob. mar
ket trading was light. F. G. M. about
csc, G NJ. 915c.
The following were the official spot
quotations at the close of the market
at the Cotton Exchange to-day:
The Savannah morning news., 1902-05-18
IN Southern
ON Railway.

Trains arrive and depart Savannah
on 90th meridian time-one hour slower
than city time.
Schedule Effective April Is, 1902.
TO THE NORTH AND EAST.
The Savannah morning news., 1902-05-18

DAILY cotton Market
Galveston-Quet and steady; mid
ding, "a; net receipts, III; gross, III;
4 stock, 81 $50.
Norfolk-Quiet; middling. sss; net re-
ceipts, 1866; gross, 1855; stock, 2S,536. Elk
ports-Coastwise, 1854
Baltimore-Nominal; middling, az;
stock 1892
Boston-Quiet; middling, ga; net re-
ceipts, 40; gross, 1859.
Wilmington-Firm middling 91s; net
receipts. IS; gross. 10; stock, 6,1S4.
i hiladelphia-Quiet; middling, 9k;
net receipts, 1873; gross, 1885, stock, 3, 435.
Savannah-Easy; middling, 81; net
receipts, 3; gross, 3; sales, 16; stock
4 1854. Exports-Great Britain, 2,17O;
coastWise, 2149; continent 6,797.
New Orleans-Nominal; middling.
5-l6; net receipts, 1901; gross, 1, 1925;
sales 375 stock 15S, 2lO Exports-Great
Britain, S70O
Mobile-Nominal; middling. So; net
receipts, 47S; gross, AIS; stock. 9,7l6. Ex-
ports-Coastwis 424
Memphis-Easy; middling, 9B; net
receipts, Sc; gross, 81; sales, 200; stock
n 81 $50
Augusta-Dun; middling, 9A net re-
celpts, As; gross, As; sales, 719; stock,
a 23,54S.
CndIleston-Qulet; nominal; net re-
celpts, g; gross, 6; stock, 1904.
Cincinnati-Steady; middling, aA;
net receipts, 1885, gross, 159; sales, 600;
5 stock, 12,446.
Louisville-Firm; middling, 91s.
st. Louis-Easy; middling, 9h; net
receipts, IA; gross, "a; stock, 3O,42S.
Houston-Dull; middling, 3-16 net
receipts, 17S; gross, 173; stock, 1882.
New York-Quiet: middling, 92s;
gross receipts. 349; sales, $40; stock,
1886. Exports-Continent, 300
Total To-day-Net receipts, 2,762; ex-
PORTS Great Britain. 1880. continent,
1887 stock, 474,535.
Consolidated-Net receipts, 1882 ex-
ports Great ritain. 1880; continent.
Total Since Sept. met receipts, T.
SS5'062; exports, Great Britain, 1881, $50;
N france, 6SS049; continent, 2,479821.
The Savannah morning news., 1902-05-18
Savannah Bank
and Trust Go.

- ~
JOSEPH ID. WEED, President.
JOHN c. ROWLAND, Vice President.
VIM. 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 COInpany'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., 1902-05-18

Continued on Fourteenth Page.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-07-13

leaves still hanging to the beech trees in
the front of the house. Now and again a
rooster would crow in a minor melancholy
tone; a locomotive whistle would blow far
off in the distance, a hollow echoing sound
as though it were passing through a deep
woods. The church choir had been singing.
and the last strains of the old hymn
'China" had died away:
Why do we mourn the departing friend,
Or shake at deaths alarm"
The preacher said that he thought Of
three beautiful things in comparison with
the life Of Brother Bogartus-a beautiful
sunset on the prairie when the day was
done. q ship as it came into the harbor
after a long voyage. a field of growing,
ripening yellow grain as IL waved and
rippled in the breeze. The sun had gone
down on the life of Brother Bogartus for
ever, and left memories for his friends as
beautiful as the afterglow. His ship had
come in; he had weathered all the storms
of temptations and cast anchor in the har-
Dor in safety. His grain of this life was
ready for the granaries. The preacher went
on with his eulogy and told his auditors of
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-07-13

the resurrection day. of the happy meeting
with Brother Bogartus on the far of
shores. His tremelo stop was pulled clear
out. He probed old wounds and made them
bleed afresh. He conjured up dead sorrows
from the graves Of others and obscured the
sun of hope with the vapors OF earthly
grief, and there was hardly a dry eye in
the house.
Suddenly, a woman in the assemblage
gave a scream. as only a woman can. and
through their tear-dimmed eyes the audi
ence saw Brother Bogartus rise straight up
in the coffin. The house was packed with
people, who poured cut OF every available
exit like dust from a threshing machine,
carrying everything before them. They ran
out In the yard and through the fields as
though they were being chased by dogs.
OF course. one OF the straps in the coffin
breaking was what caused IL all. but most
OF the people never returned for proof by
their own observation. ID. G..
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-07-13

upon which the minds Of the ~transmitters
may fall are substituted for cards, figures
or colors. The distance between the two
ends OF the '~'telepathic line seems some
times 10 make a difference as TO the powers
Of the experlmenters, but as yet there can
be deduced no rule as 10 why the brain
waves" as Sir William Crookes calls them,
suffer. I'm some instances, a resistance from
the intermediate matter, while to others
distance appears TO be no factor Of success.
1t has been noted IN some long-distance
tests that when one Of the agents has for
gotten mis- appointment the concentration
Of the part Of the other has become so
great as to cause a mental puIl-up." as
it has been termed, bringing the forgetting
agent 10 his senses.
TRANSMITTED OVER 200 MILES.
In experiments where sentences have
been dispatched over distances as great as
200 miles not only the exact thought in
tended for transmission. but others Incl
d~entally occurring in the mind of the dis
patcher, have escaped to the receiver, to-
gether with the intended message. SEN
fences thus transmitted have been received
audibly, as If spoken in the room Of the
receiver.
Another class of experiments Is mace
with a single receiver and a plurality Of
ansmitter all of the latter arranging
themselves about a table and concentrate
ing their minds upon some object placed in
the enter thereof. In one experiment OF
this nature a small folding magnifying
glass was produced, opened. The receiver
said: cit is black; it is round; it is trans
parent" The glass was then held to the
light and the receiver said: 1T is bright.
In other experiments with a plurality of
ransmitters bits of salt, sugar, vinegar.
etc, have been simultaneously held in the
mouths Of the transmitters 1t is claimed
that the taste of salt has thus been made
so vivid I'm the mind of the receiver that
he has craved for water.
JOHN ELFRETH WATKINS, JR.
IConvrighf- 1902