davidaulloa/AmericanStories huggingface dataset:
The Montgomery advertiser. [volume] (Montgomery, Ala.) 1885-1982, 1902-09-03
Letters to the Editor.
STREET SIGNS

Hf0 UduIy N6Gueu at MANY
Corners.
Editor The Advertiser
The city stands badly in need of new
signs to mark their street corners. The
signs that may have been placed there
that now 1t is often difficult to find a
certain street. A great many of the
signs are still visible, but the paint en-
tirely worn Off so that it is impossible
to read them. Those who seek the i'm
provement Of the city should attend to
this at once. as 1t Is an urgent need.
and wants to be attended to without de-
lay. A Citizen.
The Montgomery advertiser. [volume] (Montgomery, Ala.) 1885-1982, 1902-09-03

Hon. Massie Wilson addressed an audi
ence at the court house here today in the
interest of his candidacy for Attorney
General in the second primary.
The Savannah morning news., 1902-10-05

aoundantly supplied with buying or
oers. the whole list stiffened up to-
ward the end of the first half hour,
January reaching $500 and May SHE
speculation was fairly active all the
early session with sentiment disposed
70 lean toward the bull side on the
theory that Europe would continue TO
ABSORB the bulk of the cotton as it
reached the ports, and that domestic
splnners would support prices in inte-
rlor Southern spot markets. The pri-
Vate crop reports from the belt were
mixed, some reporting improvement,
out the great majority telling of short
crop prospects and continued deteriora-
ton, owing to prolongation of the wet
spell and period of cool nights. Re-
ceipts were liberal. but were ignored,
the trade giving attention chiefly to
crop and weather reports. The Liver
pool cables were a trifle better than
anticipated. and were accompanied by
moderate buying orders.
The Savannah morning news., 1902-10-05

New York, Oct. 4.-Liverpool re-
sponded to our advance of yesterday
on the bureau figures, but not so fully
as some parties had looked for. Still
1t was considered as more favorable
for permanent Improvement that the
afford belated buyers an opportunity
of awaiting themselves Of present low
values. Light frost was reported at
Amarillo, Tex, this morning, with the
temperature at SO, otherwise tempera-
lures were higher and more or less
rain reported. The bureau figures,
while being ridiculed by local and Liv-
erpool shorts, is making no little i'm
preston in the minds of the general
public. Wagers of 10-cent cotton are
being recorded, and while the move
ment keeps rather full, reports of rap
i'd gathering and free marketing are
numerous. There is much at hand to
show that the crop will prove a very
moderate one, and very little to show
to the contrary since the reports of
injury by rain counterbalance reports
of Improvement in the ratio of 20 to
1. Early prices were within point
or two of yesterdays close, but before
long there was a gradual advance,
shorts covering and Western and
Southern buying for long account be-
ing quite liberal, but the days bust
ness was quite moderate and of the
average Saturdays market. Port re-
ceipts estimated at $4,000 bales, against
$4,000 last year.
The Savannah morning news., 1902-10-05
STOCKS AND BONDS.

New York, Oct 4.-There was much
confusion and excitement in to-day's
stock market again which resulted in
last prices at a level of l to points
lower than last night for most OF the
prominent active stocks. The failure
of the coal conference at Washington
to effect a settlement prevented the re-
covery which would naturally have
followed from the refutation of yester-
days false rumors that the controller
of the currency had oVerruled the de-
cision of Secretary Shaw to remit the
requirement upon national banks to
maintain a rs per cent. reserve against
government deposits. After an effec-
tive recovery, the market received a
second shock from the appearance of
the bank statement without change
in it's form to indicate the reduction
in reserve requirements permitted by
Secretary Shaw. That is to say, gov
eminent deposits are still included
with the total deposits and the re-
serve requirement estimated as rs per
cent. of the total with the result that
a decrease in the surplus is indicated
of $l,417, 425. bringing down that item
to ST. s19, 200
The clearing house committee was
long in session before the bank state
ment was given out, and no statement
accompanied it to show what policy
dictated It, A foot note to the bank
statement gives the amount of govern
ment deposits with clearing house
banks. Whatever may be the motives
impelling the action of the clearing
house, the operators in stocks jumped
to the conclusion that for stock mar
ket purposes the position of the New
York banks is to be regarded as though
Secretary Shaw's ruling were not in
force. The fact remains that the sec
retary's pernissive latitude upon the
banks is available in case of a determi-
nation by the house to change its de-
cision or to relax its rule at its own
The Savannah morning news., 1902-10-05

who take profits. The weather in
Texas appears to have cleared off and
the government predicts warmer
weather for that state. but colder for
Oklahoma and Arkansas, with possible
frosts in exposed places. If the
weather should clear off warm
throughout the South, it would add to
the crop aspects. Private advices are
of a more favorable tenor than of
late. but the conviction that we need
a large crop this year to furnish a sup
ply beyond the consumption is the
main foundation upon which the pres
ent bull movements rests. 1t is stat
ed that in spite of the bureau report
there is no general speculation for
an advance in the South, as in other
years when reports have been poor.
The bureau gives the worst condition
in thirty years. No one in the trade
believes the crop to be worse at the
present time than during that period
of time. Liverpool is expected to be
higher on Monday. The spot market
was dull and unchanged.
The Savannah morning news., 1902-10-05

trans arrive Savannah as follows:
NO. ~, daily. from New York, WASH
lngton' Richmond and Cincinnati. 4:5o
a. m.
No, 80, daily from New York and
Washington. 3:05 p. m.
NO: so. daily from all points west.
via Jesup, 1920 a. m.
NO. "a. daily from all points west.
via Jesup, los 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-
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
Charlotte and Norfolk. Dining Cars
serve all meals between Savannah and
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 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 30
c. II. ACKERT, G. NJ.
S. H. HARDWICK. G. P. A, Wash
ington, d. G.
w. II. TAYLOE, A. @. P. A.. Allan
ia, Ga.
r. c. BLATTNER, Depot Ticket
Agent. Union Depot, Savannah, Ga.
e. G.. THOMSON, C. p. q T. A. Sa-
vannah, Ca. al Bull street. Phones
The Savannah morning news., 1902-10-05
NEW ORLEANS COTTON MARKET.

New Orleans, Oct. Am the spot
cotton market the offerings were large.
Quotations unchanged
The futuree marke, was Quiet
throughout the short session, trading
being confined largely to the Decem-
Der, January and March positions. The
market opened even to 1 point up At
ter the opening prices were bid up 9@4
points before a halt was called, and
thereafter underwent a series of mar
row fluctuations that brought the fig
ures down again and left them stand
ing at the noon closing at just par
tial point below yesterdays range
New Orleans, Oct. N3.-Cotton futures
steady October, S.3S@S.39c; Novem-
Der, S.43QS.45c; December, S.47@84Sc;
January, S.51@S.52c; February, $500
S.54c; March, S.56@S.57c; April, S.57@
$3.50; May, S.59@S60c.
The Savannah morning news., 1902-10-05
H. 8 y. Beer Coz Cotton Letter.

New Orleans, Oct. 4.-The action Of
Liverpool would indicate that the bu-
reau was discredited, but our market,
Notwithstanding, opened unchanged to
l point higher, subsequently advanced
BOA points on fresh buying, predicated
on fears of a cold wave in Oklahoma
and Arkansas over Sunday.
Realizing, however, caused all the
Improvement to be lost later, the near
months closing point lower and the
late positions were practically UNI
changed. The government predicts
that the temperature will fall over Ok
lahoma and Arkansas tonight and
give frost in exposed localities. While
the chances are killing frost will not
materialize, the indications point to
lower temperatures, and it is claimed
that this will retard the growth of the
plant, following the recent heavy rains.
If frost is late this season many are
Of the opinion that the second growth
will add materially to the out-turn
Others believe that it is impossible for
this growth to mature, as it started
too late, and will certainly be killed by
frost before maturity.
In the meanwhile the bureaus con-
dition figures of 5S.3 are discredited
by number of large operators, who
state the crop outlook is more favor
able than last year, and it is due to
the diversity of opinion existing in
the trade regarding the report that it
has not as yet exerted any marked in
fiuence on values. However, every
season there are differences of opinion
as to the size of the crop, and the
probable range of prices, and it is such
factors which occasion fluctuations in
the article. In the meanwhile we are
daily drawing nearer the frost period,
and spinners are showing evidence of
taking hold. Therefore, we continue to
think well of buying on all breaks,
with a view to realizing on spurts.
The Savannah morning news., 1902-10-05
Hubbard Bros. a: Co... Cation Letter

New York, Oct. 4.-Our market
opened with sales Of January, $3.50
S.S60S.S7c, and after selling at $500,
ruled at S.S8c at II a. m. The feature
of the market to-day has been the
strength of the spring positions and
the weakness of January, which ap-
pears to have been sold in quiet
way, and the sales replaced openly on
the expectation that the effect of the
bureau report will be to bring in the
spinners at advancing prices. There
is no disposition to be short, on the
contrary the only sellers are those
The Savannah morning news., 1902-10-05
LIVERPOOL COTTON MARKET.

Liverpool, Oct. 4.-Cotton: Spot
quiet; prices steady; American mid
ding, 4.S4-100d. The sales of the day
were 1000 bales, of which 500 were for
speculation and export, and included
$500 American; receipts 1000 bales, no
American.
Futures opened firm and closed
steady: American middling, good or
binary clause: October, 1850, sellers;
October-November, 4.64d, sellers; No
vember- December, 4.62d, buyers: De-
cember-January. 4.61d, buyers; jan
uary-February, 4.61d, sellers; Febru-
ary-March, 4.60d, buyers; March-April,
4.6Od, buyers; April May 46Od, buy
ers; May-June, 4.6Od, sellers.
The Savannah morning news., 1902-10-05
TRADE AND FINANCE
cotton CLOSES AT THE ADVANCE
ON WELL DISTRIBUTED BUYING.
BAD CROP REPORTS COMING.
PARTIAL CONFIRMATION GIVEN
GOVERNMENTS ESTIMATE.

snot Cotton in Fair Demand-Tur-
pentine Firm Mt 49Ac Resins
Firm-BuIlish Report Circulated
on Floor of the Cotton Exchange.
Local and TeIegraphic Markets.
The Morning News Office.
Saturday, Oct. 4.
The markets were not characterized
nv much activity to-day, and closed
without material change in any quar-
ter. Cotton was fairly active pending
q more deliberate consideration of the
government bureau report, which
pIaced the condition of the crop at a
low figure, and one not all the trade
are willing to accept. Liverpool takes
the report with a grain of salt" and
cables from continental markets indi-
cate that there is some hesitation
about accepting the report.
There is a decided bullish feeling
among the trade at the moment on the
poor crop news coming out, which to
some extent confirms the governments
position. In many sections the yield
is reported short, and so numerous are
these reports that closer care is being
used in ascertaining their truthfulness.
On the floor Of the Cotton Exchange
to-day a popular broker used the re-
port of a well-known interior expert
in enlightentng buyers as to the real
situation, and incidentally as to the
prospects. The broker undersigned
the following in report, to which he
attached Importance:
There is yet plenty of time for an
abundance of mistakes, even for the
most noted of experts, but there is no
hesitation whatever upon the writer's
part in venturing the opinion that with
killing front even as late as Nov. l.
the crop will not equal the worlds re-
quirements, and, on the other hand.
should the frost take place between
Oct 10 and Is, the yield will prove so
astonishingly small that it will startle
the world and throw the trade into
such commissions and excitement that
normal conditions will not be resumed
until the price reaches a figure that
necessitates the stoppage of spindles. -
Turpentine closed firm at 49A, and
rosin firm and unchanged. Resume of
the markets as follows:
The Savannah morning news., 1902-10-05
SEA ISLAND COTTON.
COTTON FUTURES.

New York, Oct. 4.-The cotton mar
ket opened steady with prices l point
higher to 2 points lower. and for
brief period was inclined to waver UNI
uer realizing by the room longs ana
some bear pressure. However, as the
weather South continued too cool and
wet for the best interests of the crop,
hna as the commission houses were
The Savannah morning news., 1902-10-05
MONEY MARKET.

New York, Oct. Mooney on call.
quiet; only one loan at 3h per cent;
closed offered at 81 per cent; prime
snercantile paper 6 per cent. Sterling
exchange, firm, with actual business
in bankers bills, at 81. 1864. sc. 625 for
demand and at $4S31 25@483.375 for
sixty days; posted rates, $4.S31s04s7;
commercial bills, $4.S2S@4S3A. Bar
silver. 50Ac; Mexican dollars, 40Ac.
Government bonds steady; state bonds
quiet; railroad bonds easy.
The Savannah morning news., 1902-10-05
FINANCIAL.

FOREIGN EXCHANGE Market
weak. Commercial demand, sterling.
s4S411; so days, $4.S2; 80 days, s4.SO7k i:
French, 522; Swiss. so days, 5.221k; Bel
gian. s5.20A; marks. 60 days, "a 3-1e; 80
days, "a 1-16.
DOMESTIC ExCHANGE-Ban
are buying at u discount; selling up
to 5@25, 10c; 25Q50. 15c; 5o@10o. zoe:
100000, 25c: 5000 and over par.
SECURITIES-The market is quiet
but dull.
The Savannah morning news., 1902-10-05

G. S. and f. LIST .............114k 115k
Georgia and Ala, cons. 5s....112 lib
Georgia State 3hs, 1890. ....107 1903
DO Shs, 1915, NJ. and N.....1o6 107
do AIS, 1915 ............... .115% 116h
Macon City 6s, 1910, ]. and J.113 115
do Ans, quar-. gen. ........109h 11o4
Ocean Steamship SIS, 1920 ....1eS 109
Savannah City IS. quar-,
Oct. 1918 ....................1o 100 ITO
Savannah CITY IS, due 1909
Nov. coupons ..............107 10S
Savannah Electric Co. IS =. SO 81
Seaboard Is ................. 20 81
Seaboard 10-year 5s ..........104 105
South Carolina State AIS,
1888 ................. liz ll6
Sibley Mfg. Co., IS. 1902 .....101 1o2
South Bound SIS ..............113 ia
S., F. and w. gen. mtge.
IS, 1884 .............. ~.....l@5 l[S
do do LIST 5s. gold. 1884 lila 1I6
The Savannah morning news., 1902-10-05
DRY GOODS.

New York, Oct. 4.-The market was
without new feature to-day in any de-
partment in either cotton or wooden
goods. General tone firm, with an av-
erage demand. Cotton yarns are firm
ly held and tend against buyers. Firm
market for worsted wooden, linen and
jute yarns.
The Savannah morning news., 1902-10-05
WEEKLY BANK STATEMENT.

New York, Oct. 4.-The weekly bank
statement was issued to-day in the
form heretofore used, with the addi-
ton of line giving the total of gov
eminent deposits:
The statement shows the following
changes: Loans, decrease, $1,S7S, 100;
deposits, decrease, 81, 343, 100; circula-
ton, increase, $685. 900; legal tenders,
decrease, 81, 1872 300; specie, decrease,
$710,900; surplus, reserve, decrease, ST.
All, 425; amount of United States de-
posits reported, $40 1853, 300
The Savannah morning news., 1902-10-05
COTTON FUTURES AT ~Ew YORK.

New York. Oct. 4.-Cotton futures
opened steady: October, S.6Sc; No
vember offered, S.74c; December, S.SOc;
January, S.S5c; February, s. 64c; March,
S.64c; April, S.64c; May, S.65c
Futures closed firm: October, SHE:
November, S.73c: December, S.S2c;
January, S.SSc; February S.7Oc;
March. S.70c; April, S.71c; May, S7Sc.
The Savannah morning news., 1902-10-05
COTTON.

A fair demand prevailed to-day for
spot cotton. A general disposition not
TO sell is reported among consignors.
in the fob. market the demand was
fair. Good middling was quoted Gle
@S%c.
Inc following were the official spot
quotations at the close Of the market
at the Cotton Exchanse TODAY:
The Savannah morning news., 1902-10-05

otOch lO-udy ''...ssss.... 1854 l0Z zbZ
Charleston, Oct. 4.-Turpentine 4Sc;
rosin unchanged.
Wilmington, Oct. 4.-Spirits turpen-
tine firm, 49c:, receipts 81.
Rosin steady, 81. 1901. 20; receipts 319.
Crude turpentine firm. 81 5000 60; re-
ceiptS a.
Tar firm, 81 40; receipts 40.
New Orleans, Oct. 4.-Receipts:
Rosin, SIS barrels; turpentine, SO. Ex-
ports, Havana, rosin, 20; Costa RIGA,
rosin, 20.
New York. Oct. 4.-Rosin steady:
strained, common to good, LBS. Tur-
pentine firm, 53c asked.
The Savannah morning news., 1902-10-05
NAVAL STORES.

Saturday, Oct. 4.
SPIRITS-The turpentine market OPP
ened firm at 49c bid, no sales, and clos
ed firm at 494c, sales AIS. The demand
continues good. Receipts to-day 484,
and the exports GA.
ROSIN-The rosin market opened
and closed firm and unchanged from
yesterday, with no sales. Receipts 2, 652
and the exports ESQ. Prices as follows:
Yes
The Savannah morning news., 1902-10-05

discretion. The marked strength OF
foreign exchange as a result of the
weeks easier money market and the
shutting off of any hope of gold i'm
ports or even with some apprehension
Of possible demand for gold exports,
probably influenced the clearing house
authorities.
Prices of bonds were well sustained.
United States old As coupon advanced
u per cent. and the new As declined
Il per cent. as compared with last
weeks closing call.
Total sales of stocks to-day were
1893 400 shares, including Atchison, U.s.
800; Erie, 171O0; Manhattan, 10, 7O0
Missouri Pacific, 1900 Norfolk and
Western, 1900; Pennsylvania, 20,c50
Reading 81, 800; st. Paul, 21,5Oo; South
ern Pacific, 32,400; Southern Railway,
$4,000; Union Pacific, $500; Sugar, s.
800; United States Steel, 1O,10O.
New York stock and Bond List
The Savannah morning news., 1902-10-05
SOuthern\
Railway.

Trains arrive and depart Savannah
oy sOth meridian time-one hour slow
er than city time.
Schedule Effective July 1. 1902.
TO THE NORTH Ann FAST
The Savannah morning news., 1902-10-05
MURPHY & CO. INC.

Board OF Trade Building. Savannah.
rVate leased wires direct to New
A"rk, chicago and New Orleans.
CoTFoN, STOCKS AND GRAIN.
New York ONCE. No. 81 Broadway.
Onees in principal cities throughout
ene south. Write for our market man
ual and book containing instruction for
The Savannah morning news., 1902-10-05
lrket Steady: sales none.


Galveston-Firm; middling. sic: mel
ttcelpts' l4,SO3; gross, 14,S03; sales. l.
446: stock, 116, 43O.
NorIolk-Flrm; middling, else; net
receipts, 2,643; gross, 2,643; sales. 7SO.
STOCK, 1888. Exports-Coastwise . 594
Baltlmore-Nominal; middling. S% G.:
stock. 2495. '|4o'
Boston-Quiet; middling, 15-16c: net
receipts, 70: gross, sou.
Wllmlngton-Quiet; middling, Skc
net receipts, 1923; gross. 4.S23: stock
2,221. Exports-To the continent S05S
lphia-Quiet; middling. 9 3-1sc
net receipts, 225; gross, 225: stock. g.
HdVannan-F1rm; middling SIC: net
receipts, 5000; stock, 5000; sales. 75e
Stock, 1856. Exports-Co q
New Orleans-Steady; middling. Sic
met receipts, 5,0S2; gross, 5,082: sales. 4. :
9oO' stock. 101, 721. Exports-To the con-
tinent. 1916
Mobile-ouiet; middling. 8 s-1sc: net
lecelpts, 2.12S; gross, 2,12S; sales. 100:
stock, 1879. Exports 955
Memphis-Firm; middling, 7-16c.
net receipts, 1,73S; gross, zoos; sales.
100; stock. 37,S40.
enthusiastically; middling, s7-1ec:
net receipts, 3,012; gross, 3,106; sales
5Si; stock, 49, 7S.
Charleston-Steady; middling. SIC;
net receipts, 1,434; gross, 1,424: sales
400; stock, 21,22S.
Cincinnati-Quiet: middling, SIC: net
1924. '''' S'o0N
Louisville-Firm; middling, Sskc.
81. Louis-Steady; middling, sac;
net receipts, ISL; gross, LOOP; sales, 81;
stock. 1850.
Houston--Steady; middling, SIC; net
receipts. 11,4ss; gross, II, 49S; sales 219;
stock, 38,417.
New York--Dull;. midding, s11-16c:
gross, $3.50; sales, 120: stock, 81, 9s9
E&ports--To Great Britain, 173.
Total To-day-Net receipts, SO, POI; 20
Great Britain, 173; to the continent, T.
514: stock. 399, 802
OBSERVATION-DISCLOSURES receipts, 39,201; to
574. .
Total Since Sept. met receipts, L.
06S,S47; to Great Britain, 2,925; to
france, s4,773; to the continent, 370,-
The Savannah morning news., 1902-10-05
Savannah Bank
and Trust Go.
Capital, $35O,OOO.

JOSEPH ID. WEED. President.
JOHN c. ROWLAND, Vice President.
VIM. F. McCAULEY. Cashier.
sAMI-. L. CLAY, Assistant Cashier.
a seneraI banking and exchange
business transacted
savings Department, interest
computed quarterly.
Accounts of merchants, banks
anu corporations solicited.
American Express COmpaEy's let
ters of credit issued available i'm 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., 1902-10-05

+Daily. Except Sunday.\
Connections made at terminal points
with all trains Northwest, West and
Southwest.
Sleeping cars on night trains between
Savannah and Augusta, Macon, At
lanta, Columbus, Ca, and Birming-
ham, Ala.
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. ]. ROBINSON, Asst. Gen'l Pass.
Agent.
THEo. D. KLINE, General supt.
Savannah. Ga.
w. A. wINBURN. Vice President and
Traffic Manager.
The Savannah morning news., 1902-10-05
Atlantic Coast Line Railroad Co.


Trains Operated by Meridian TimeOn Slower
The Savannah morning news., 1902-10-05

Continued on Fourteenth Page.
The Savannah morning news., 1902-10-05

BETWEEN SAVANNAH AND TY-
BEE.
Trains arrive at and depart from
Tybee depot, Randolph street, foot of
President.
Standard Goth meridian) time. one
hour slower than Savannah city time
LEAVE SAVANNAH.
1900 a. m, $3.50 p. m.
LEAVE TYBEE.
%9:45 a. M. %4:45 p. m.
The Savannah morning news., 1902-10-05

kpot Cotton in Fair Demand-Tur-
pentine Firm mt 49Ac - Resins
Firm-BulIish Report Circulated
on Floor of the Cotton Exchange.
Local and TeIegraphic Markets.