davidaulloa/AmericanStories huggingface dataset:
The Savannah morning news., 1902-04-01
STOCKS AND BONDS.

New York, March 3l-The profess
sional element on the Stock Exchange
had some hopes that the favorable
bank statement published on Saturday
during the holiday interval in the trad
ing would induce some speculative ac-
tivity and they marked UP prices at
the opening to-day with a show of
energy. The market. however, almost
immediately fell into heavness and
semi gnation.
There was another upward move
ment towards the end of the day, bas-
ed on the assumption that the quar-
terly and thly disbursements to be
made tomorrow and the completion of
the preparation for them would result
in a relaxation of the money market
But this late upward movement did
not extend TO large number of
stocks. st. Paul was about the only
stock which is usually prominent to
show an advance of over a point, in
spite of the decrease in net earnings
for February reported to-day, while
Union Pacific, which reported e. hand
some increase in February net earn
ings fell short of the one point ad-
3579$R shrdlu cmfwyp cmfwyp vbgkq
vance and reacted again before the
close. Rock Islands APPOINT advance
and the gains by the Chicago and
Northwestern stocks were not very
convincing. while the rise of all the
way from to over s points in a group
Of less conspicuous stocks was quite
Intellectual to induce a speculative fol-
lowing.
The Canadian Pacific group, includ-
ing the Minneapolis, st. Paul and Sault
ste Marie stocks and the Duluth,
South Shore and Atlantic were most
conspicuous in this category. Hooking
Valley also forged upward 21b The
activity in these was dwarfed by the
overwhelming preponderance of Colo
RADIO Fuel, Amalgamated Copper and
Sugar in the dealings. All of these
were depressed after the opening. but
recovered sharply, Sugar rising
point above last week on account OF
the report from the Committee on
Ways and Means of the Cuban reci-
procity bill All three stocks reacted
again at the close. which was irreg-
ular.
Although the completion of the prep
aration for the April / settlement
seems to insure the money market
against any present furry, there is no
The Savannah morning news., 1902-04-01
TO THE NORTH AND WEST.

Trains arrive Savannah as follows:
NO. 20, daily, from New York. Wash
lngton, Richmond and Cincinnati. 4.50
a. m.
No. 81 daily except Monday. from
New York and Washington 1920 a. m.
No. 80, 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 81 and 90. THE SOUTH
EMS PALM LIMITED. Sol;3 trains
between Savannah and New York.
composed exclusively OF Pullman
compartment, Observation and Draw
lng-room Sleeping Cars. Dining Cars
serve all meals en- route.
Trains 80 and 81, NEW YORK
AND FLORIDA EXPRESS. Vesti-
pulled 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 20 and &C. THE WASHING
INGTON, RICHMOND AND FLORl-
DA LIMITED. Vestibuled limited
trains, carrying Pullman Drawing
room Sleeping Cars between Savannah
and New York via Richmond. Dining
Cars serve all meals between Savan-
nah and Washington. Also Pullman
Drawing room Sleeping Cars be-
tween Savannah and Cincinnati,
through Asheville and THE Land Of
the Sky"
For Information as to rates. sched-
ules, etc, apply to
F. S. CANNON, Sd v. P. and g. NJ.
S. 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.
vannah, Ca. 141 Bull street. Phones
The Savannah morning news., 1902-04-01
COTTON FUTURES.

New York, March 31.-The cotton
market opened strong with prices 4
to II points higher and continued to
advance during the next half hour on
feverish demand from thoroughly
frightened shorts. who had looked for
little or no change on the call. Bull
support was not feature of early
trading: in fact, the more timid longs
sold eagerly for profits, believing the
market would later react in the an
cence Of general speculative support.
Light receipts over the holiday sea-
son. very bullish visible supply fg-
ures for the week just ended. builish
spot market reports from the South,
more cheering advices from spinning
centers and light estimates for this
weeks Nin sight We're the leading In
f1uences of the day. Toward midday
there was slight reaction under SELL
ing for both accounts by room opera
tors. but later the entire list stiffened
up significantly. The ''in sight" flg-
ures of Supt. King of the Cotton Elk
change for the past week were several
thousand bales smaller than predicted
and the increase in the New York
stock was barely worthy of notice.
Large sales spot cotton here, and In
the South, were reported at firm prices.
and the trade as a whole was inclined
to the belief that Liverpool will to-
morrow come the full to 51a points
higher due. Instead of the expected
reaction near the close under profit
taking. the market held at the top to
the last, closing steady and net, ii to
II points higher. The South and Eu-
rope bought here from time to time
during the day. Wall street trading
was not factor.
The Savannah morning news., 1902-04-01

expectation in well informed circles of
an early relaxation in the money rate.
To-day's advance in sterling in spite of
the closed markets in London and
Paris indica ties that gold may go out
anyhow. Payments of government in
terest this week in London are expect.
ed to ease that money market, but the
British chancellor of the exchequer
will undoubtedly take advantage of
the position to place the new loan,
which is expected to amount to $780,
O00. 000 the monthly nstaIlments on
which will hold the market firm in the
future. Government interest payments
here in New York Of about So, 600. 900
will be promptly Offset by deposits Of
lawful money to retire bank circula-
ton up to the So, 100000 monthly limit
allowed, applications for which are al
ready on file in Washington. Other I'M
certainties promise to keep a restrain
ing influence on speculate for the inn
mediate future.
Some of. the speculative bonds were
inclined to advance, but there was no
general activity in the market. Total
sales. par value. S4.6T5. 600 United
states bonds were unchanged.
The total sales Of stocks were 4oo,~
The Savannah morning news., 1902-04-01
H. & b. Beers Cotton Letter.

New Orleans, March 31.-The prac-
teal settlement of the threatened labor
troubles in Lowell and other points in
New England, the light port receipts
and the expectation of a continued
small movement owing to the heavy
floods throughout the Gulf states.
caused our market to open IA to IL
higher. Realizing shortly after on the
free Houston estimate for tomorrow,
occasioned a break of from the top,
but the light New Orleans estimate and
good local spot demand ran values up
again, making the net gain IL to 13
points on the day The amount brought
into sight during the week was 5000
less than last year, and the total mar
keted from September list to March
2Sth, inclusive was 9,241,000, or 900 in
excess of last year to date. The total
brought into sight for the whole of
last year was TO- 46S, 600 consequently as
the increase to last Friday was 422 100,
the movement on it's face points to a
crop of 10S90, 000 Therefore, to make
the outturn 10000, 900, the loss for the
balance of the season must be 800, 000
In other words, as 1,649, 900 was mar
keted from March 2Sth, to August 31st,
last year. then to make the crop 10000
900 this year, it will require only about
one-half as much as last year to be
brought into sight from now out. Such
being the case it is absolutely neces-
sary that the perpendicular drop should
materialize or crop estimates will have
to be reached. The visible supply OF
Americans during the week decreased
$4,000 against decrease of 10000 last
year and the total to date is 3,103, 900
against 2.950,006 last year. The total
stock of American ashore and afioat to
Liverpool is 1.152, 900 against $4,000 last
year and 131 900 year before last. The
thirty leading interior towns received
The Savannah morning news., 1902-04-01
TRADE AND FINANCE
close OF THE NAVAL STORES SEA
SON OF 19O1-O2.
RECEIPTS SHOW FALLING OFF,
SPIRITS SHORT $4,000 CASKS AND
RosINs $4,000 BARRELS.

rn Feature of the Day the slump
=, shirts From 53c to 45c-LfttIe
trading Being DOne-Cotton liz
II Points Up at New York-Locai'
and TeIegrapIic Markets.
The Morning News Office,
March 81.
The drop in to-day's turpentine mar.
ket is reported as the sharpest decline
in the history of that industry. The
,,rice was run up to 53c by manipula-
rive tactics, and to-day slumped to 45c,
and with very little demand at this.
dRure owing to the disposition on the
mart of buyers to let the decline reach
its limit before entering the market.
Buyers give little support to a declin-
ing market, which they prefer to give
plenty of rope as long as there is any
possibility of getting prices to a lower
basis by withholding.
While the drop in spirits was a
slump that will go down as feature
in the market history OF the article it
did not hurt holders nor operators as
might be expected. Nobody was
pinched here. There was no scram-
bling, such as corresponding drop in
cotton would have caused. Everybody
understood the real condition of things,
and except in cases when buyers re-
ceiyed direct orders to execute without
using their own discretion little bust
ness was done except by those putting
the market up.
The Morning News gave some days
ago a general account from d news
standpoint of the conditions prevailing
in the naval stores industry during the
season which closes to-day. The story
is made complete by the following
tables. showing the range of prices for
spirits and rosins and the total re-
ceipts, total exports and distribution
during the season.
Range of Prices for the Season:
TURPENTINE.
1sO1-1s02. 19OO-1901. 1899-19O0.
Low. High, Low. High. Low. High.
81 SO "a 5S11i IS SAY
The Savannah morning news., 1902-04-01

worlds Visible SUNNY.

New Orleans. March 31.-Secretary
Hester's statement of the worlds visi-
BILE supply of cotton shows the total
visible to be 4.2Os,22s against ABS. Isl
last week and 3,9Ss.420 last year. OF
this the total of American cotton is
9,103,22S against 3,197, ISL last week and
2.950.420 last year, and of all other
kinds, including Egypt. Brazil, India,
etc, 100000 against .11s.ooo and 1885,
0C0
OF the worlds visible supply there is
now af1oat and held in Great Britain
and continental Europe 2239, 900 against
1,S91.0o0 last year; in Egypt, 2S1, 900
against $4,000 last year: in India. 602.-
600 against $4,000, and in the United
States. 1.136,000 against 1876, 900.
The Savannah morning news., 1902-04-01
NAVAL STORES.
Monday. March 81

4hOAQdys NIdICH Oh
TURPENTINE-To- day closes the
naval stores season of 1901-1902. All
records for the old season were closed
at the Board of Trade. and on to-mor-
row a new page will be turned for the
coming seasons statistics, The last
day will go down as notable one in
the history of the naval stores market
for the violent drop in the price from
53c to 45c. marking the elimination of
the would-be bull movement. 1t was
a cruel jar for the countryman who
hasn't been next, and believed that
prices were to rise away into the six
ties before top notch was struck At
45c there was some demand, but buy
ers want to make sEre that this is to
be the trading basis before they enter
the market for any large supplies. To-
days receipts were 3I4, and the ex-
ports $685.
Rosins-The rosin market closed firm
and featureless, with no sales report
ed for the day. The demand was mod
crate. Resins have been somewhat
neglected while the bull movement in
the turpentine market was on. To-
days receipts were LAPS. and the ex-
rnrfe pYipaS fnlIorr,o.
The Savannah morning news., 1902-04-01

FOREIGN EXCHANGE - Market
barely steady. Commercial demand,
sterling, 81 S6iz; so days, 81 "a; 80 days,
"a SO; French 5.19; Swiss, 60 days,
521%. Belgian, 5.201s; marks, 60 days.
94ss; so days, 9415.
DOMESTIC EXCHANGE - Steady;
banks are buying at 75c per NJ dis
count; selling up to 5@25. 10c; $3.50,
l5c: 5o@1o0. zoe: 100000, 25c; 200@sO0,
Sec; SooQ4oO. CSC; 40O@5OO. 40c; 5O09s00,
45c; 600 and over. T5c per NJ premium.
SECURITIES-There is absolutely
no money seeking investment. The
market is fat quotations are nominal.
Stocks.
The Savannah morning news., 1902-04-01
DRY GOODS.

New York, March 31.-The dry-gooas
market to-day has been further
strengthened by the advance in cotton
and also the granting last week of de-
mards for higher wages by operatives
in several prominent mills. The
slightest increase in demand will un-
doubtedly send prices up. Spot bust
ness continues quiet, while fair amount
of orders are being booked for fall de-
livery
The Savannah morning news., 1902-04-01
MONEY MARK EFT.

New York, March 31.-Money on call
steady 3l4G4 per cent. closing offered
at 3iA. Prime mercantile paper, aga
5 per cent. Sterling exchange strong
with actual business in bankers bills,
at 81 .S7R for demand. and at "a .S5iz q
4.s5ss for sixty days. Posted rates,
81 Sc and Sd. SS1t. Commercial bills
81. S4$t a. .S5sl. Bar silver. 53%c; Mex
lean dollars, 43Ac. Government bonds
steady; state bonds inactive; railroad
bonds firm.
The Savannah morning news., 1902-04-01

New York, March S1.-Heavy rains
during the holidays and the settlement
of the threatened strike at Lowell
brought buyers at the opening princi-
pally for local account who finally paid
an advance Of twelve to fourteen
points. Sellers were the buyers of last
week during the depression as the re-
action has been a substantial one and
proflts were tempting the movement
IN sight this week will compare with a
very heavy one last year and it is ex-
pected to show a sharp falling off,
which gives the market a good under
tone. Foreign advices tomorrow
should show sharp advance from the
closing on Thursday to sustain the i'm
provement here. An advance of four
sixty-fourths is expected. Weather
conditions throughout the cotton belt
promise to improve but farming pre-
parations are greatly delayed by these
heavy storms.
The Savannah morning news., 1902-04-01
COTTON FUTURES At NEW YORK.

New York, March 31.-Cotton futures
opened strong: March, $3.50; April,
S.S0c; May. Side; June. SIDE; July,
S.S0c; August. $500; September. sac,
October, S.15c: November, S.04c; De-
cember, 8 .04c.
Cotton futures closed steady: April,
S.S4c; May. s.T9c; Jupe. ss2c; July,
S.S3c; August. S.63c; September. S.31c,
October, size: November, S.07c; De-
cemher, S.06c; January, S.06c.
New Orleans, March 31.-Cotton flu
lures closed quiet and steady April,
S.61@S CSC; May, S.71@S. re; June.
S.76@S. nc; July. S.22@S. S3c: August,
S70NS. Tic; September, S20@S &c; Oc-
tober. ,O167S. O3c,
The Savannah morning news., 1902-04-01

San, Francisco--Net receipts. 900;
gross, 300. Exports-Continent 800.
Galveston-Holiday; net receipts,
1888; gross, 1859; stock. 101. 400 Ex-
ports-Coastwise, 1881.
Norfolk-Quiet: middling. So; net re-
ceipts, lob; gross, 1,018: sales, SO:
stock, 3S,146. Exports-Coastwise
1850
Baltfmore-Nominal: middling, 9;
gross receipts, 1850; stock, II, 459. Ex-
ports-Great Britain, lob; continent,
1881.
Boston-Holiday; net receipts. 119:
gross, ABS. Exports-Great Britain. PIT.
Wilmington-Firm; middling. SSs; net
receipts. 92: gross. 50; stock. 10,42S.
ladelphia-Steady: middling, 81
net receipts. SO; gross, 713; stock, 4,493.
Savannah-Steady; middling, 9-16;
net receipts, 1888; gross, 1888; sales,
35s.
New Orleans-Firm middling, 81 !;
net receipts, $3.50; gross, $3.50; sales,
1914 stock, 275,691. Exports-Coast-
wise, 1850.
Mobile-NominaI; middling, 81; net
1855.
Memphis Steady: middIing, s1k; net
receipts. SSs; gross, 2,4S4; sales, 200:
SlOtk, 00,Uo4.
Alphabetically; middling, S%; net
So, 903
Charleston-Firm; middling, S1z; net
receipts, POI: gross, POI: stock, 1854.
Exports-Coastwi 1857.
Cincinnati-Quiet: middling, s%; net
receipts, 1,27S: gross. 1.27s; stock, 1921.
Loulsville-Firm; middling, Sss
st, Louis-Steady; middling. S1s; net
receipts, 22s; gross. 2,42s stock, A. ,O60.
Houston-Holiday; net receipts. 1864;
gross. S,054; stock, $685.
New York-Quiet middling, 8; net
receipts, 1853; gross, 1856: sales, 1909;
stock lS3,057. Exports-Continent 314.
Total To-day-Net receipts, II ,514; ex-
ports Great Britain, 1880; continent,
2,sSo; stock, 6s7,22g.
Consolidated-Net receipts, %, 21s; ex-
ports. Great Britain. 1880; continent,
~ iotal Since Sept. met receipts, s.
S,546; exports. Great Britain, ann
Szs; France. 64o.s75; continent, Piss, es3.
The Savannah morning news., 1902-04-01
Savannah Bank
and Trust Go.
Capital, S35O.OOO.

JOSEPH ID. WEED, President.
JOHN c. ROWLAND, Vice President.
WM. r. McCAULEY, Cashier.
SAML. l.. CLAY, Assistant Cashier.
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., 1902-04-01
GEORGIA SUPPLY CO.,
savannah, Ga.

savannah, Ga.
AEverything in Mill Supplies"
Our motto, Promptness in ship
ping.
Both phones 1908.
The Savannah morning news., 1902-04-01
Southern
Railway.

Trains arrive and depart Savannah
on 90th meridian time-one hour slower
than CITY time.
Schedule Effective Jan. 16. 1902.
TO THE NORTH AND EAST.
The Savannah morning news., 1902-04-01

The cotton market closed steady,
with sales by local factors of $685. F'u-
lures at New York closed steady IL to
II points up, The following resume of
the markets will show their tone and
quotations at the closing to-day:
The Savannah morning news., 1902-04-01
ESTABLISHED lss.
8MNHx BEER BERTRAND BEn8-
EDGAR II. BRIGHT.
H. & B. BEER,
Cotton Merchants,
NEW ORLEANS.

Members OF New Orleans Cotton Ex-
change. New York Cotton Exchange and
Associate Members Liverpool Cotton Az
ISOLATION.
Special attention given to the executes
81 contracts for future delivery In cottoA
The Savannah morning news., 1902-04-01

300 shares, including Atchison, 5000;
Canadian Pacific, 10000; Chicago, In
dianapolis and Louisville, 5,400: Colo
RADIO Southern, 5000 Manhattan. s.
700; Mexican Central. 1880; Reading,
%. 100; do second preferred, 1900: s.
Paul 81 100: Union Pacific, $780, Anlal-
gamated Copper. 26.500; Colorado Fuel
S.. 400: Sugar. 2S.40O; Tennessee Coal. g.
200; United States Steel, 1850.
New York stock ard Rand List.
The Savannah morning news., 1902-04-01
SEA ISLAND corTos.

Inc sea island cotton market closed
~ m with the demand satisfactory
anu fair business reported. Towards
The Savannah morning news., 1902-04-01

the closing better demand was re-
ported, with the outlook more encour-
aging for trading. The weeks receipts
were 161. against 10 last year. Sales
were 4SS. against 10l9 last year. No
anxiety is manifested among factors,
who appear confident that while the
demand is not of an urgent character
a; the moments it is but a question of
time until it will be. Little eagerness
is shown in any quarter to sell. Stocks
are 10000, against $4,000 last year.
The Savannah morning news., 1902-04-01
COTTON.

Spot cotton closed steady, with sales
by factors of 1888. The demand was
satisfactory. One large buyer took
most of the cotton reported sold. Re-
ceipts. both locally and at the ports,
were less than last year. In the f. O. b.
market the demand was fair. Ruling
quotations We're for f. G. NJ. about
8 1-16c to s1sc. and @. M. 15-16c to
&c. Cotton futures at New York
steady, II to IL points higher.
The following were the official spot
quotations at the close of the market
at the Cotton Exchange to-day:
The Savannah morning news., 1902-04-01

Prices about as follows:
Fancy Floridas ..............23
Extra choice Floridas ...... .22M
Choice Floridas ..............21
Fully fancy Georgias ......221s
Fully extra choice to fancy
Georgia ..... ........2l M@22
Extra choice Georgias .....s.21
Extra fine Georgias +... .1sh119
Clean stains and blue Gas
and Floridas ...-.... .......1S
Common and inferior Gas.
and Floridas ................17
Stree of stains.
The Savannah morning news., 1902-04-01
Railroad Stocks.

Atehison ........................ 77%
do preferred Observation-Disclosures. 81
Baltimore and Ohio ...-..........-. 106
do do preferred ........,.-......., 94ik
Canadian Pacific .........- .,........ l16la
Canada Southern .......-.......-, SIA
Chesapeake and Ohio ..,..-........ 1875
Chicago and Alton ............,.... 351s
do do preferred .............,.7
Chicago, Ind. and Louisville ..... 65%
do do preferred =. ....~......-..... 17i5
Chicago and Eastern Illinois ......157
Chicago and Great Western. 24h
do do A preferred ...........s... S71s
do do 3 preferred ............... As
Chicago and Northwestern ....-... 233A
Chicago. Rock Island and Pacific .179ls
Chicago Terminal and Trans....... is%
do do preferred .................. 35ik
Continued on Eighth Page.)
The Savannah morning news., 1902-04-01

*Daily. sExcept 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
Agent.
J. c. HALLE. Gen. Pass. Agent.
F. J. ROBINSON, Asst. GenI Pass.
Agent.
w. A. WINBURN, Traffic Manager.
THEO. D. KLINE. General Supt.
Savannah. Ga.
The Savannah morning news., 1902-04-01
MURPHY & CO. INC.

MURPHY & Co., INC.
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.
Offices in principal cities throughout
the South. Write for our market man
ual and book containing instruction for
traders.
The Savannah morning news., 1902-04-01

1T you WANT GOOD MATERIAL
and work, order your autographed and
printed stationery and blank books
from Morning News. Savannah. Ca
The Savannah morning news., 1902-04-01
Plant System
of Railways.

of Railways.
Time
Enecuve Jan
The Savannah morning news., 1902-04-01

and rosin unchanged.
Wilmington, N. c., March 81 .--Spir-
it's turpentine, nothing doing; receipts
II casks. Rosin, nothing doing, re-
ceipts 123. Crude turpentine quiet,
81 .35 to 81 so; receipts. "a. Tar firm.
81 20: receipts, $40.
New Orleans. March 31.-Receipts,
resin 440 barrels; turpentine, so.
The Savannah morning news., 1902-04-01

FINANCIAL.
MoNEY-Market easy.
The Savannah morning news., 1902-04-01

Ncontlnued 0n Eighth 20
The Savannah morning news., 1902-04-01

BETWEEN SAVANNAH AND IT,
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.
Daily--9:00 n. M, 2: 30,p. m.
LEAVE TYBEE.
Daily-9:50 a. m. 500 p. m.