davidaulloa/AmericanStories huggingface dataset:
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-11-29
savannah Almanac, 10Th Meridian

Sun rises at 1903 a. m. and sets at
5:21 p. m,
High water at Tybee to-day at 1904
A. m. and 1927 p. m. High water at
Savannah one hour later.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-11-29
MISCELLANEOUS MARKETS.

Note-These quotations are revised
daily and are kept as near as possible
in accord with the prevailing whole
sale prices. Official quotations are
not used when they disagree with the
prices wholesalers ask.
Springers, 2505oc; hens
60@70c; ducks. soc.
EGGS = Tennessee, 23c; Georgia,
country, 21@22c.
BUTTER-The tone of the market is
firm. Quotations: Cooking. 23c; New
York state. CSC: Elgins. 29c.
CHEESE-Market firm; fancy. full
cream cheese, 13%@14c for 20 to o.
pound averages: % to SO-pound aver
ages, 1870.
White Pea Beans, $2.65 bushel.
Potatoes. 1925 sack
CABBAGE-S1.25. crates or barrels.
Breadsruffs, Hay and Grain.
FLOUR-Patent, SAILS; straights
$3.50; fancy. $40; family, $40:
spring wheat, best patent, s4s5.
MEAL-Pearl, per barrel, $40; per
sack, $1.55; city meal. per sack, -bolted.
s1.40; water ground, $3.50 (Pierce); ;
city grits, sacks, $1.45; pearl grits.
Hudnuts. per barrel, $40; per sack,
$1.50.
CORN-The market firm; white, job
lots, SIC; carload lots, soc; mixed corn,
job lots, soc; carload lots, 7sc.
OATS-No. 2 mixed. carload lots.
41c job lots, 43c; white clipped. cars.
47c: job lots. ACC.
BRAN-Job lots, s1.05; carload lots,
$1.OO.
HAY-Market steady; No. timothy,
job, 95c@$100; cars, soc; No. 2. soc job,
cars, S5c.
RICE-Market steady; demand good;
fancy head, &c; fancy, Sac.
Prime ...'.................. ..-..5
Good ........... .............. ..41z0 4A
air .-..s..'s... .....-..... AZ QQ412
common
Rough rice, 75c@$1.00 PER bushel, ac-
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-11-29

l. IL. - ks
Wheat. No. .
Dec .-..74B 75A 743s 741A
Corn, No. .
Nov ...5sA 5sh 54A SAX
Dec ....56 56ss 81 *
May ....43 4s7s 42N 427s
Oats. No. 3
Dec ....311s s15s s1as s1ss
May ..3215 32% S2ss 32i5
Mess Pork. per barrel
Jan ...S15 921s SIS so SIS 20 SIS IS
May =. IA IS is 90 IA S21a Is 90
Lards, per 100 pounds
Nov -. 10 rs II % 10 70 IL %
Dec =. 10 O5 10 O5 10 90 10 O5
Jan -. 8 As SO As 955
May -. s so 80 $50 s7A
Short Ribs. per 100 pounds
Jan -. 17i2 221z SIS go
May s5 O21z s21s 02h
Cash quotations were as follows:
Flour, steady. No. spring wheat. II
QI4isc; No. 3. 721z@74c; No. 2 red. Az
qi5hc. No. corn, 54l5c; No. 2 yell
low. 55c. No. oats. 291kc: No. 3
white, 36@39c; No. white, 32IhG34c.
No. ? rye, 491k@50c. Good feeding bar
ley, S5QSSc; fair to choice mailing, AZ
a5sc. No l fiaxseed. N.15. No. 4
Northwestern, si.20. Prime timothy
seed. 1855. Mess pork, per barrel,
go ale.slA. Lard per 100 pounds.
SilOO0ii.25 Short ribs sides, loose,
ss.6isM9.2ih. Shoulders. boxed. s937ia
$3.50. Short clear sides. boxed. sg.-5
1890. Whiskey. basis OF high wines.
Si.32. Glover. contract grade. fiO25.
Receipts Wheat 230 900 bushels.
corn, 239,i 100 bushels. oats, 2l2, 900 BUSH
els, hess. $4,000 head
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-11-29

OOUUOOO-
Baltimore. Nov 2s.-Seaboard com
mon 261a@27; do preferred, 46 asked; do
AS, S36S4
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-11-29
His Foot Mashed on.

II. B. Boyer,
Local Forecast Oficial
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-11-29
REVIEW OF MARKETS.

Continued from Eleventh Page,
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-11-29

SA1l-lUU-pOuAQ puTldp Sacks otcs
100-pound cotton sacks, 3Sc; 125-pound
buriap sacks, acc; l25-pound cotton
sacks, 47c; 200-pound burlap sacks, 7Sc
HIDES-Market fine: dry flint, 111ac:
dry salt, SIC; green sailed, 6i5c.
WOOL-Fir,n; prime Georgia, free
of sand burs and black wool. 19c;
black. 16c; bury. 1o@12c. Wax. Csc;
tallow. &C.. Deer skins. zoe.
Hardware and Building Supplies.
LIME, CALCIUM. PLAsTERS AND
EMENT-Alabama and Georgia lime
in fair demand and sell at S5990c
barrel; special calcined plaster. $140@
1.50 per barrel; hair. 4@5c; Rosedale
cement, $1.20Q1.25. carload lots, spe-
cial Portland cement. retail, s2.75;
carload lots. $1.9092.00.
LUMBER-Market Arm. Quotations:
Sawn ties, per NJ feet, 49, hewn ties,
C7x9xS1s). 40c each; switch ties. $3.50:
minimum, easy size yard stock, sl4.50
@l500: car stills, sl6.O0Q1e.00; ship
stock. $500.
OIL-Perfection Signal Oil, 42c. in
barrels: Pratt's Astral. i5iac, in bar
rels; Alladin's Security. 14lac. in bar
rels; Water White. 14i5c. in barrels:
Standard White. 13kc, in barrels: d.
S. Gasoline, i'm barrels, l6c; d. S. Gas
oline, in drums. llc; Sc degrees Gaso-
line In drums. lSc: 63 benzine, in
drums. l3hc; llnseed oil. raw. 55c:
boiled, SIC; lard oil. Gle.
SHOT-Drop. si.45; b. 3. and large.
$40; chilled. $40.
IRoN-Market arm; refined. $3.50;
sNede, Be-
NAILs-cut. $40 base: wire. $40
BARBED wIRE-sU per 100
GUNPowDER-Psr ksE Austin
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-09-06

firm rsat% up at 4s4a4S's. Receipts were
poor al nfty-slx cars, four OF contract
grade.
oats were Influenced largely by the same
conditions that helped the otner grains
shorts bid anxiousy for September caTly
late in the day brought recessions. but the
close was firm. september soll to 35ss ana
closed * NJ at 35lS December sold from
Biz TO 3i9s aud closed tirm X mp at Sl%,
Receipts were 292 cars, five Of standard
grade.
ence OF sharp upturn in nog prices
Grains were also buillsh factor. trade
was fairly active early, but little selling
on the bulge took away some OF the gains
January pork closed Zoe up Of lou; De-
tober lard and ribs both closed Zoe up AZ
Wiz md 900 respectively.
Estimated receipts for TOMORROW neat
200 cars, corn lS5 cars; oats $50 cars; nogs
5000 head.
Cash quotations were as follows:
wSsatIYo. spring 1914; No. 8 ssa
TiH No. rcd 72leaJSh =.
oats-No ? soi4. 30 white sla87
fssrley Fair to choice mating 50d62
Flax seed 40 l / ~. No. l Northwest
ern l.46,
Timothy seed-Prime 4 5o14 80.
Mess pork--Per barrel IS so016 s..
Lard--Per lOn pounds 10 sea 10. 55.
Short ribs sides Dose 10 25f7 10 30.
Dry saited shoulders Boxed SOB.
Short clear sides-Boxed aAdie%
whisky Basis OF high wines / 80.
Clover Contract grade 9 90.
on the produce exchange today the but.
Ter market was FIRM creamery l56l9h;
dairy l4lId1Th Cheese-Firm 10Ad10&
Eggs-Flrm; fresh IS.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-09-06
SHARPRALLY in GRAIN MARKET
THE FEAR OF FROST
STILL EXERTS INFLUENCE.
Bulls Took Advantage Of Weather Re-
ports from the Northwest and Bore
Prices Upward.

Chicago September Strain SPECTATORS
became ,xcited today over the possibility
Of frosts in the unripe grain nelds tomor
low 10 spite OF the fact that the weather
map indications were very favorable. whhe
conservative raiders scoGed az the incpn-
sistency with which the markets raIned
today, whereas yesterday they slumped
when frost was on the ground, the resuu
Of the days trading was good gain an
around. The probable reason tor this vas
that the bulls did have very good PLANK
in their plalform--that of cnronic poor
grading Of receipts at this point. At she
close December wheat was %Gs up De-
cehber corn iha4s higher ana December
cats y up. Provisions closed generally loc
advanced.
There was brisk demand early in tho
wheat pit largely from the outside com
mission houses which bought literally ana
there was good support unser December
options. Much 81 fhe talk on the bull side
was Of the fear from frosts in the Norta-
west. This wns supposed TO be the prln'
clpal cause Of the upturn, but STEADY
cunles lighter receipts and bad grazing
helped materially. The sentiment eener.
ally WAS bullish and there was no senng
pressure. Afer the early bulge the MARKET
was Inclined to duliness and prices flue-
tuated very narrowly. September son
from ~ TO 72A and closed x higher at
I2izid T29s; December started >, to * up az
GSl,m6S@ and sold to 81 closing strong
A6lk higher at 6sssq6s5s Local receipts
were 1873 cars, one OF contract grale. Mtn'
ncapolls and Duluth reported 4UO cars,
making o total for the three points OF 55s
cars, against GIT cars last week and luSO
last year.
Corn had large trade Early and the mar
ket advanced strongly on general demand
induced by the weather scare. Shn-ts
wanted stuff, outsiders wefe on the buli
side Of thu market and for a time business
was brisk Some reports had 1t, however,
that there was not much corn 10 he hurt
nv frosts, and after The first quick upturn
the demand fell on. locals covered fraely
and prices dipped back somewhat. CABLES
were steady and the weather map was
favorable for today. september had q fair
advance but not much OF a trade Late
business was poor at a fair advance from
yesterday. September sold at 59as and
closed trihe firm at y advance a 81.
December sold from 425s to 4315 and closed
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-09-06
IRREGULAR MOVEMENTS
WERE THE FEAT . RES
lrdustrisls Gained In the Early Session
and Other Stocks Recovered Some
what During the Day.

New York September 5 AZ the open.
ing today the stock market reflected little
OF yesterdays satisfactory tendency,
though the uudertone was somewhat heavy
IN view Of the unstable money mnrket
and lower prices from London st Paul
came into early prominence and With Mis-.
souri, Pacific divided the days honors, re-
newiug r1mors Of a closer working agree
ment between those two lines. on trans
actions exceeding $1,000 shares ST. Paul,
while closing somewhat below the best
made net gain OF almost points, while
Missouri Paeidc. which was much more
active gained Ia The other Southwestern
stocks. especially those In the Gould sys-
TEN made some recovery on the growing
belief that the governments crop reports
would prove somewhat exaggerated. Nor
iolk ana western strength was due to IA.
yOrahle forecasts regarding the annual re-
port and Pennsylvania gain which was
not long maintained. was attributed 70 the
collapse Of the tunnel franchise opposition.
The comparative inactivity Of Reading
common, which was heavy throughout, re-
suited u Is believed. from the Impression
that tile probable contest for CONTROL had
been settled The Chesapeake and Ohio
pool was checked by reason or the road 8
poor showing for the latter part OF August
but closed with fractional gain. Wabash
issues advanced on news OF favora BILE
judicial decision aud the debentnre BIS TO.
gcfher with st. Paul common were among
the features that made new hgh records
The early session also brought gains to
number Of industrals including Virginia.
Carolina Chemical. Cotton oil Peoples
GINS and Sloss-Shefheld Steel but with
the exception Of Gas and the Chemical
Issues he improvements did not hold
Manhattan was the feature Of the trac.
lions though It's gain on the DAY was
only fractional Irreguiarity followed an.
other squeeze In call money. which worked
nomlnally IS high MS 10 per cent but ac-
tnally not higher than 81 ana fell OF 10
as low as aia Much Of the afternoons
business was IN the lndustrials. notably
Colorado Fuel, Pacific Mail. Peoples Gas
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-09-06

St Louis, September Wheat-Nr ?
red cash elevator 659s; track and May dst5
aGss September 0'S; December 66)s; no.
= hard Gsd7o Corn II CHER; No. cash
E6 track 57656, September 56ls December
3G3s; May 364i Oats Higher, No cash
20: rack 81: Se9tember 20&t: Decen,b r
2T&: No , waite IS Pork Higher; job.
hing l6 30 old. Barl Higher. 10 22l9.
Flour irm: new red winter patents 3. %
as 30; extra fancy and straight .. 1903. ,;
Gear IO62 So Timothy seed Firm,
g. stat 20; farcy and prlpc worth n re
Corn meal-Stcady. 80. Bran-Steadv
sacked East track 66m6I. Hly-Firm. tim
othy 3 OQl7l1 80; prairie JC6i9 90 Whisky
Steady / 81. Iron cotton ties / OLA,
Baggng SHEAR 118. Hemp Irvine o Dry
salt meats-Firm; boxed extra shorts and
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-09-06
DUNs TRADE REVIEW.
Domestic Conditions Are Better Tha
Those Abroad

domestic Conditions Are Better nan
Those Abroad,
New York. September 5.-R. G Dun &
Co.'s weekly review OF trade tomorrow
VIII say; Steady progress Is reported In
trade and industry. Distribution Of mer-
chandise Is heavy and a healthy tone
evident Prices are we'll maintained by
liberal consumption. which more than neu-
traizes the effect Of enlarged facilities for
production. Domestic conditions continue
much better than those existing abroad
and home trade received more attention
than foreign commerce Farm products
haze appreciated in value owing to less
favorable weather and producers will be
fully compensated for any decrease In
quantity by their quotations Earnings Of
railways during August were 3.6 per cent
larger than a year ago and 1919 In excess
OF 1900
Better deliveries OF coke and liberal re-
ceipts OF foreign material have lessened
che pressure in the iron and steel industry
and the situation Is little less congested,
while quotations In a few lines have
weakened Domestic demands are not de-
creasing, much new business having been
placed and home consumption win continue
TO call for Imports on large scale. Each
week brings out new records OF coke out
put the upper and lower Connellsvlle re-
Eioho together having surpassed 100000
tons and the holidays gave the railroads
an opportunity to relieve the congestion
Unless rapid progress IS made before the
close OF lake navigation. less than two
mouths hence, the situation viii become
serious New plants are being added to
the productive capacity as rapidly as pos
sible, but In railroad equipment, especially
steel rails orders are already placed for
much % next year. Quotations OF foot wenr
are fully maintained at the recent advance
II Is noteworthy that buying has been
heaviest In the hner grades and sample
lines Of spring STYLES are also most sought
In the good qualities. good feature Is
the urgency for quick shipment, indicating
that stocks are low. Leather sells freely
az the recent advance IN quotations hut
hides appear TO have risen above the views
of tanners, resulting in q quiet market
Advancing raw material aroused much
anxiety among purchasers OF cotton goods
and there were numerous inquiries for for.
ward contracts, but the volume OF business
did not materially Increase
Agricultural conditions are less gBtlsfac-
tory and II the official estimate as 10 cot.
ton Is MOI exaggerated, the Yield win not
be large enough TO sustain consumption at
the present rate. Wheat Is coming for.
ward freely. though receipts do not eounf
inc ahnormally heavy movement wear
ago Corn developed strength because OF
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-09-06
Closing Prices of New York Bonds.

clear ribs 10. 20; short clears II 90 Bacon
Firm; boxed extra shorts and clear ribs
II ST15; short clecr II, -. Recsipts-Fleur
COCO wheat 10000: corn 22,O00; oats ST..
coo. Shipments Flour 1000; wheat "a 600;
corn 1900: oats 1900
Kansas City, September 5 Whcat-Ssp.
lard 81; N. ; red 65,.. -sert.mber
4ess@40i4; December 34k63aia cash No 2
mixed 56ls; No . white 5Sd5S'a oats
so. white 80 Rece pts Wheat lo6,6JO;
corn 1880; oats 1890. Shirments-W Wheat
1870 40; corn 1900, oats 5000
New York. Sept nber > Wheat-Re
ceiprs 10000; experts $500. Spot-Flru
No. rcd T67s elevator aud TG%0TT f. %. b
cfioat; NJ, / Northern SoSs ( q. b. adalt;
&c. hard s97s + ,. b. n6oat. Opt n 81
Higher,
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-09-06
woRLp,s MISSILE suPpLN
Secretary Hester Reports cs
1909, 497 Bales on Hand.

1909 e7 Bales on Hand.
New Orleans. September Sees
Hester's statement Of the worlds "
supply Of cotton, made up from ~
cable and telegraphic adyices. ccAl1
the figures OF this week with last !
last year and the year before. II SHY
decrease of 1O4, 1871 last year ana !
crease of s1.5ss the year before.
total visible is 1909. 497, against ~
last week, 1.46T, 495 last year and "a
year before last. OF this the total o. y
lean cotton is 500, 4o7. against lh,@s
week. ss7. 495 last year and 5io'oss
before last and OF all other kinds lls-,
Egypt. Brazil, India. ETC., S09.VOe. y
al. 900 last week 10000 last as'
$4,000 wear before last year -
The total worlds visible suppl, TX
ton shows an increase compared W. W.
week u 3I43 bales, decrease -
win last wear of S6,o9S and an TX
compared with wear before last %
or the worlds visible supply
as above, there e now anoa{ E ssr Z
Great Britain and continental IA M
600 against 7t4,0OO last year WV "a
wear before last: In Egypt 49,
5000 last year and $4,000 year ~, ~ Nj
and in the United States 2Il.Ov1. "
362. 600 last year and $4,000 yen
last
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-09-06
HEAVY TONE IN STOCK MARKET

and the Independent Steel and Iron COM
panles, all Of which closed With net gains
In the last hour there WIS general 70.
coyery 70 above The previous DAYS ma
process and the closing was In the main
hrm.
Tie subtreasury's debit balance ~ the
clearing house Of ovcs Sipo0cQ0. was chief
" due to heavy payments for the navy
and S25O0Oo for account Of kionnlke Eolii.
There Was also a transfer Of S2,DWb fur
local banks to New Orleans. Tomorrow
bnnk statement win show further los 8
Of surplus reserve hat Il j. not expected
70 reflect In full the S6o00000 lost 20 the
suhtreasury ana the interior by local inS.i'
buttons. London was again prominent IA
teday's operations, though selling on bal
ance
Railroad bonds showed a good tone
throughout the day hut the market was
less active. Total sales par value
SO. 10000
United states old a. coupon advanced
q and the new As registered declined =
per cent on the last call.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-09-06
OF TRADE CONDITIONS

and Financial Chronicle says Our tele.
graphic advices this evening indicate that
the weather has been more favorable at
the South during the week. Rain has been
quite general and from some points an lm-
provement In the crop IS reported. Picking
is making excellent progress as a rule, And
the cotton is being marketed quite freely
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-09-06
BUTTER AND EGGS.

ST. Louis. September 5;-Pouit I.,y,ssr, Z
ducks Az Butter Creamery lge-r
I5G1T. Eggs-Firm. II loss on.
New York. September -Essl ~,
6253 packages: steady; State shann
vanla 2ld22. Western candled -
candlCd 1TM2O.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-09-06
SUGAR.

New orleans. September
Strong; open Kettle 2lS@3 sly; VA:
3d3B: centrifugal yellow 8A3!d7 .arrIi
onds issd3h Nolasses-Duh' ~"
sails. s,-.i-.
New York. September SegljSersl
hrm; fair refining . 1910; centifshis
test 7-18; molasses sugar
nned-Firm.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-09-06
BANK cIrARfNGs.
New York Money.

New York, Sept imber 5-Moncy on call
firm, 36I4 per sent; closed ID aud asked
3J5d4 per cent Primo mercantile paper
4led5 per cent. Sterling exchange stead.
with actual business IN bankers bills nj
for sixty days: posted rates 4!S5G4. ssh mud
4.STlsGl4. IS; commercial bills 4.S3gt4 ~
Bar silver 5iss; Mexican dollars 81. Gov
eminent bonds Irregular: State bonds
steady; railroad bonds Arm.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-09-06
London stock Market

New York. September 5.-The CONNER
cia'-Adrertiser's London financial cable.
gram says: Business on the stock exchange
here today was restricted and dun owing
{, the approach Of the holiday tomorrow
and settletnent. Americans opened weak
Of New York
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-09-06
coFFEE.

New York, Seniember A-CoHee.-Spot
Rio qnlet: No. invoice 558 Mild-tnr,
dova S111i1 Futures closed net unchannei
quet, Sales IL, coo hags September s ~.
Novenhe 5 50 December 5.40d5 s5: Afarsh
oooGo.65; May 575; July 5so@aSa
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-09-06
Cotton Future BreLl

fears that injury would be done By
and the movement Is very slow conH
with last years failures.
Note-Failures not reported by Dal
week.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-09-06

RIcg.

Car OF Clean Sold--Fsvorable Conditions
Prevailed--Larae Purchases.
The conditions IN the rice market were
favorable yesterday and receipts showed a
good increase over those of the Day before
The demand was very strong aud carload
~ clean was sold at top prices The Thomp-
son min made purchase Of 1900 70 4oU
sacks at BAY City TO arrive next week ana
All the indications point 10 an extremely
busy time IN the next few days The
prices on rough Honduras ranged about 25c
lower On account OF the failure OF offer
ings to come NJ 20 tho strictly highest
grade. Int there was no weakening IN the
strong tone Of the market.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-09-06
London Money

London. September 5--Consols for money
93 9-i6; account a3R Bar silver quiet. 24d.
Money 2hm2ia per cent Short biils 24.6l
? 1a-iG per cent: three months bills ~
per cent.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-09-06

Memphis, Tenn. September 5-Cotfon
ssel oil rrime crude nominal; on 2ISs6l2s;
10y nominal. eheiee cooking summer vel
loo nominal. Meal aud cake-pHme 300;
on nominal
New orleans, September Action seed
oii-Frime, renncd IN barrels SO. on IS.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-09-06
IMMENSELY OF RECEIPTS
PRESSURE AGAINST BUYERS.
First Weekly Statistics Aided the Bears.
Deterioration overshadowed by
Msrketna-Heavy Offerings
AT THE CLOSE:

AT THE CLOSE; M
Liverpool, 8 to 5-64d lower.
New York 3 to points lower.
New Orleans, to points lower.
SPOTS.
Liverpool, I'D lower.
New York, i-eo lower.
New Orleans, revised.
Houston, 1-sc lower.
Galveston, i-16o lower.
Yesterdays cotton market responded 60
the influence OF receipts and the bear need
ed no other vehicle "a WHICH to ride to
glory. In truth, all OF the butts phnosopy
was shattered against tho magnet which
the late price level has proven to the spot
holder. The field which September natural
y offers for the effectiveness Of such
drawing power was plainly IN view ana
stocks were swollen with the case OF a
well directed balloon. The issuance or
the nrst weekly statistics OF the senson
came in good time to Impress the facts
about the movement upon the trade ana
abe bodness Of 'loues was changed 70 a
very general desire for caution. Such a
feeling was particularly strong with regard
to the nearby options and there WIS no
small number OF operators prsterring 10
nquidate and transfer their commitments
20 the time when the problem OF supply
win loom larger IN the mind OF the spin
ner.
These conditions almost shook the faitn
Of the less hrIu and the selling proceeded
on very large scale. Tne demand slack.
ened under the new prospect that ap.
pearcd to the exporter and a pauclty OF
tskings was the policy Of all buyers The
visible indicated a deerenso Of 3ls5T bales
for the week. compared % loss OF 100. lil
last year, while the American supply IN
creased 31z3 bales. compared 10 loss OF
5s-13l lsst year. Interior arrivals rur
rdshed the news most raushed by tns
'ahort," with those ct thirty OF the lead
ing towns amounting 20 1919 compared
90 62,29S IN 1901. Such an addition a,
Was scored by the stocks at outpofts con
fr0nted Withdrawals for foreign shtpper
Tint only amounted 10 S4,7lO Daics com
pared to 56,ess in the former season. an,
rapid progress was made toward removing
the denclt at ssabo4rd An increase o
TLO0O bales IN tho in sight for the com
parative years also had rs effect upon sen
timcnt and the eeRr made the moment
Of doubt telling ones since the news tna
related TO deterioration suggested that tn
victory % the "short" must be measures
by It's closeness 10 the present
The official annual statement o. Nj
Hester was also urged by those who count
I'd for a lower price level Tue world
takings proved 10 have been lO,610UO
bales, against 1Ol7lOOo the year before
smaller by 10000 than was generally cal
culated upon during the first Of the week
While such q shock never augurs well 10
that steadfastness OF belief that Is bes
for the comm0dity's welfare there wa
nothing but serene confidence with IN
average bull. This feeling emBnated rrol
the influence az the bureau that Jet ho'