davidaulloa/AmericanStories huggingface dataset:
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-04-18

stocks were moved up a point after a
long dormant period. Evidences of re-
cuperation in the local money market
were a conserving influence ON the
speculation. The market closed active
and irregular.
Bonds were quite active and irreg-
ular. Total sales, par value, $3.50, 900.
United States old AS coupon advanced
IA per cent. and the IS coupon de-
clined u per cent. on the last call.
Total sales for the day were LAOS. 900
shares. including Atchison $1,000; At
Gibson preferred. 10.100; Baltimore and
Ohio, $500; Canadian Pacific. 1880;
Chicago, Indianapolis and Louisville,
$500; Chicago and Great Western, 26.-
500; Chicago Terminal and Transport
tation, 500; Chicago Terminal and
TRANSPORTATION preferred, $500: Della
ware and Hudson. 1900; Denver and
Rio Grande, 5000; Denver and Rio
Grande preferred, 1900: Erie, 49, 600:
Illinois Central, $500; Iowa Central
preferred, 6.100; Louisville and Nash
Vile, 81, 200; Missouri Pacific. 1900;
Ontario and Western, 21,700; Pennsyl-
vania, 2e,700; Reading, 267. 400; Reading
first preferred. $500; Reading second
preferred, $500: St. Paul, 1880;
Southern Pacific, 1890; Southern
RAILWAY, So. 800: Southern Railway pre-,
fsrred, 100: Texas and Pacific, 600
Union Pacific, 24.i00; Wabash. 1900,
Wisconsin Central. 4s.s00; Amalga-
mated Copper, 74,7OO; Colorado Fuel
and Iron, 95,100; International Power,
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-04-18

New Orleans, April 17.-Liverpool ad-
vices were not very encouraging, but
our market, nevertheless, opened one
to two higher, declined two shortly
after, but subsequently advanced Is
to II from the bottom, owing to heavy
buying by straddlers, and the firmness
of shorts, easing off slightly near the
close, making the net gain IL to 13
points on near months. and to on
the late. Bombay receipts for the
week were $4,000, against $4,000 last
year, and the aggregate from Sept.
to date, is 1,7S9,000. against 1,306,0 900 last
year The total exports from India to
Europe from Sept. 1 to date, is 304,-
600, against 461 900 last year. The
amount to be brought into sight for
the week is estimated about $4,000 as
compared to $1,000 last year, and it is
expected that the visible supply state
ment will be bullish. Good rains were
again reported in Texas, and crop ad-
vices from that state are favorable.
Sentiment is very bullish locally but
outside speculation is restricted. AS
long, however, as buyers are willing to
pay present prices for spots, the
chances are values will be maintained,
and with any encouragement further
enhancement may be established.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-04-18
Murphy & Co.'s Cotton Letter.

New York April Insight advance
occurred in the early cotton market,
but the amount of business transacted
was quite small, so small, in fact, as to
discourage those who have been look
ing for more active market. The re-
ceipts, though small, failed to bring In
new buyers who have been awaiting a
decreased movement, but nevertheless,
a feeling of confidence prevailed il,
many quarters, based on the belief
that prices are moderate and surround
ings are so healthy as to justify sup
port of the market for some time yet.
The short interest is believed to be
quite heavy and some bulls are grow
ing holder and more hopeful day after
day. New Orleans led the market
after the opening and the talk was of
a probable squeeze there, whence came
reports of decided movement at an
early day causing May to rise there
10 points and other months 2 to 6
points during the morning. The Bonn
bay movement for the week was $1,000
VS.. $4,000; total since January 1, $780,
600 VS.. 1923, 600 last year. Reports of
the effect of Texas rains are coming in
from all sections of the state and indi-
cate great benefit in most instances,
some points reporting heaviest rains
for twelve months. Weather in the cot
ton belt to-day was all that could be
wished for Good rains fell at Atlanta,
Charleston, Viclxsburg, Palestine, Gal
weston and Corpus Christi and the ex-
treme range of temperature was AZ to
"A. Liverpool spot prices to-day were
1872 lower than last year, while the fu-
lures closed above. Estimates for to-
morrow New Orleans $500 to $500 VS..
s,SS6. Houston 1,7OO to 1900 VS.. 1851
last year.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-04-18
STOCKS AND BONDS.

| New York, April 17-Southern Rail-
way fell comparatively into the back
ground to-day, taking a place we'll
down in the list of active stocks. The
stock was under pressure of realizing
all day, although it made some re-
covery after the official statement late
in. the day of the absolute control ex-
ercised over Louisville and Nashville
by j. P. Morgan.
The somewhat equivocal terms in
which the information has been given
to the public regarding the settlement
of the Louisville dispute and the en-
phatic disclaimers by Southern railway
officials of any interest on the part of
that road in the settlement had left
room for all sorts of rumors of possible
further complications which 1t was
thought desirable apparently, to check.
Louisville and Nashville stock also rail-
lied strongly to 3M over last night af-
ter the statement appeared. 1t was re-
garded as a striking demonstration of
the secure hold of the speculative sit
uation which has been obtained by the
group of Western millionaires, now the
leaders of the market, that they should
have been able to keep up the show of
strength in the market in face of re-
dictionary tendency in Southern Rail
way and number of other unfayor-
able factors.
AS a matter of fact extreme anima-
ton and broadening show of strength
were the features of the market, bear
ing every semblance to previous great
bull markets. The irregularity due to
active profit taking going on side by
side with new, buying was also in evil
dence, marking the diversion of specu-
lative profits from one group of stocks
into another. The coalers were the
els ~tr 60 a..
day, led by Reading, which was dealt
in on an enormous scale even after al
lowing for the reckoning in half shares
of the par value of $50. Reports were
circulated that a secret agreement had
been reached averting the possibility
of a coal miners strike. Heavy buy
ing orders for the Readings and Fries
came from London and the impression
was conveyed that these were due to
Mr.. Morgan's presence there.
The leadership of the market was
shifted to Atchison. which rose sud-
denly to 81, followed by Colorado Fuel
and Louisville. The explanation of the
buying of Atchison was not forthcom-
ing, but the stock has not shared in the
recent advances among the grangers
and Southwesterns, which are all
somewhat affected by realizing to-day.
INTERVIEWED with these dominant
movements were many cross currents
among minor stocks, some declining.
but all due to some individual causes
or to operations by speculative pools.
The rather decided action of the grain
market rejecting misgivings over the
weather conditions for the crops was
quite ignored in the trading. The re-
duction of the Amalgamated Copper
dividend, which has been looked for
ward to with apprehension for a long
time. was totally ignored and that
stock itself was run up after the an
nouncement of the dividend to nearly
a point above last night, after having
fallen Ia. The stock closed with a
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-04-18
COTTON FUTURES.

New York, April 1.-THE cotton mar
ket opened steady with prices I'M.
changed to 2 points higher and after a
momentary pause, during which profit
taking was quite active, the whole list
worked rapidly higher with the May
option taking a strong lead. Shorts be-
came eager buyers on the upturn and
EUROPE bought the summer options
Local spot cotton interests and New
England supported the May delivery,
which soon reached 9.17, an advance
or IL points over last nights close and
began new high record level for the
season thus far. By midday July had
climbed to $40, the previous high rec
crd price and August to $500 the latter
being points under the best previous
ngures. Nearly everything worked in
the markets favor. Receipts at the
ports were smaller interior receipts
lell far short of shipments, clearances
Tor export were double port receipts,
demand for spot cotton in the South
was excited at prices Lie to 9-16 over
last nights bids, the New Orleans
market was strong and very active.
adVices from cotton goods centers were
very encouraging and substantial in
tereSts were seen arrayed again on the
bull side. A number of the commits
sion houses were liberal sellers of the
summer months around top, nearly all
or which represented prof1t-taking.
There was active selling of May and
July at times by certain Wall street
interests, A we'll known Greek export
mouse was a persistent buyer of the
May position throughout the session.
The close was steady with near months
to points higher and far months I'M
changed to points lower. Total sales
were estimated at 5000 bales.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-04-18

Trains arrive Savannah as follows:
No. 29, daily, from New York, Wash
ington, Richmond and Cincinnati, 1850
a. m.
No. sS, daily from New York and
Washington, 1905 p. m.
All trains arrive and depart from
the Plant System station
THROUGH CAR SERVICE, ETC.
Trains SO and "a, NEW YORK
AND FLORIDA EXPRESS, Vesti-
buled limited trains, with Pullman
Drawing-room Sleeping Cars between
Savannah and New York. Connect at
Washington with Colonial Express for
Boston. Pullman Sleeping Cars be-
tween Charlotte and Richmond and
Charlotte and Norfolk. Dining Cars
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. M
S. H. HARDWICK, G. P. A, Wash
ington, d. c.
w. ii. TAYLoE. A. C. 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
$50.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-04-18
the RICE MARKET.

Advices from the South note steady
movement at fractionally higher fig
ures. While dissatisfaction is express
ed by some as to the volume of bust
ness, it is still to be remarked that
the present sales continue to run
ahead of those of last year and are at
a sufficient ratio to carry the crop out
before the new can arrive in any plen-
tiful quantity. The Southwest, with
it's mammoth stock, overshadows
other and minor points along the At
lantic coast. Fortunately the forward
supply is mainly in the hands of a pow
erful contingent who are abundantly
equipped to carry and market hold
ings with elaboration. The cotorie are
working apparently in concert, and the
success which attended their efforts in
the past, leaves but little room for
doubt as to the outcome, as there are
exceptionally favoring conditions the
present year.
Gables and correspondence from
abroad note steady but disappointing
movement Increased activity had
been expected in connection with the
first arrivals of new crop Burmah, but
the high prices insisted upon for lead
ing grades tends to discourage buyers
and operations are on hand to mouth
basis Japans are neglected; Patna
as heretofore, firm and tendency to-
ward higher values.
Talmage, New Orleans, telegraphs
Louisiana crop movement to date: Re-
ceipts, rough, 1.296,260 sacks; last year.
997, 1896 sacks. Sales. cleaned, 1912, $50
pockets last year. S21, 293 pockets. Mar
ket strong.
Talmage, Charleston. telegraphs Car
DINA crop movement to date: Re
ceipts, 39,245 barrels; sales. 1886 bar
rels Market steady.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-04-18
NEW ORLEANS FUTURES.

New Orleans, April 1.-THE New Or
leans cotton market went forward this
morning, and after opening about
points over yesterdays close, there was
a buying movement that took May and
July II points up, while August was
IS. At 9.27 for May and $50 for July
there was halt and these positions
dropped back to a net gain of 10 points.
Here the undertone held the market
steady and before noon the market was
remarkably strong. 1t is considered
that the government census is gaining
new converts to the bull side. There
was considerable excitement on the
floor as the market bounded upward.
New Orleans, April 17.-Cotton flu
lures very steady; April, 9.15c bid;
May, $685. 4c; June, 9.26@9.2Sc; July
9.32@9.33c; August, 9.08Q909c; Septem-
Der, 8.41@S42c; October, S.02@S.03c; No
vember, 7.s3@795c; December, 1920
794c
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-04-18
LIVERPOOL COTTON MARKET.

Liverpool. April 17.-Cotton Spot,
moderate business, prices firm; Ameri-
can middling, 5 1920. The sales of the
day were 5000 bales, of which 500 were
for speculation and export and includ-
ed $500 American. Receipts 1000 bales,
including 1890 American
Futures opened quiet and steady and
closed steady; American middling, G.
0. c.: April, 459d, sellers; April May,
4.5SQ4.59d, sellers; May-June, 1850
$3.50, buyers; June-July, 4.5S@459d,
sellers; July-August. 4.58@4.59d, sellers;
August-September 4.53@4.54d, sellers
September October, 4S9@4.4Od, sellers;
October November, 431d, sellers; No
vember-DecembeF, 4.2Sd, buyers; De-
cember-January, 4.27d, value; January
February, 4.26d, buyers.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-04-18
NAVAL STORES.

Thursday, April II.
TURPENTINE-The turpentine mar
ket showed fair activity to-day, OPEN
ing firm at 42Ac, sales 647, and closing
firm at 42Ac, sales sos. The inquiry
was decidedly better than it has been
for several days past, and there were
evidences that the larger buyers may
be in the market for supplies shortly.
The movement continues to show
backwardness. Receipts to-day 514,. ex-
ports 1000, and stock 6,7S5.
ROSINS-The rosin market was fea-
tureless to-day. Through the day the
market remained officially steady, with
no sales reported at the Board of
Trade, Little inquiry was reported
during the late hours. Receipts to-day
94S, exports LASS, and stock 121, 351.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-04-18
Hubbard Bros. & Co.'S Cotton Letter.

New York, April IA considerable
demand for the covering of May de-
liveries advanced the entire market,
the greater strength being in the early
positions. At the advance an ample
supply OF July and August supplied the
required wants which seemed to be
largely local as the general business
was limited. Receipts are full and the
crop prospects good. kilograms from
New Orleans say that the advance
there is due to the covering by Liver
pool of straddles in that market.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-04-18
SEA ISLAND COTTON.

The Friday, April H.
verv e sea island cotton market ruled
erata I'm the past week, with a mod
ness ~ BUSINESS doing. owing to the stiff
ed wero holders. Sales officially report
sales ~ o4l, and on to-day further
ported wv bales We're unofficially re-
decrea., Splnners'- stocks are steadily
lieve sing which leads factors to be-
again 'isy viii soon be in the market
erness '1r supplies. Meantime, no Gag
sent on Is shown to sell. Most factors
are in T a. unchanged quotations. which
statistiallnte with those given below. The
unues al position of the article con-
'"ohg' while stocks in the coun-
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-04-18
MONEY MARKET.

New York. April 17.--Money on call
steady, 3h@5h per cent. closing bid
and asked 51a per cent, Prime mercan-
tile paper, 41z@5H per cent; sterling
exchange steady, with actual business
in bankers bills at S4.S7ss for demand,
and at s4S5% for sixty days; posted
rates, s4.S6 and $4.SSh: commercial
bills. S4.S41s and $4S51a; bar silver,
52ssc Mexican dollars, 42hc. Govern
ment bonds irregular; state bonds
firm; railroad bonds irregular.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-04-18
FINANCIAL.
MoNEY-Market easy.

MONEY-Market easy.
FOREIGN EXCHANGE - Market
steady. Commercial demand, sterling.
s4.STIs; go days, S4.S41s; 80 days, s4.Ss5z /:
French, SIG; Swiss, so days, 5.22; Bel
gian, 5.2Oh; marks, 60 days, s4ss; 80
days. 94iz.
DOMESTIC EXCHANGE = Steady;
ranks are buying at 75c per NJ dis
count; selling up to 5@25. 10c: 25Q5O
lie. 5o61OO, zoe: 100000. Csc; 200930o.
sSc: s0Oa4OO, S5c: 400a5oo, 4oc: 500660O
s5o; COO and over, 75c per NJ premium.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-04-18

rOSln unCndHSeu.
Wilmington, April 17-Spirits tur-
pentine, nothing doing; receipts rs
casks.
Rosin firm, $1.10@1.15; receipts 120.
Crude turpentine quiet, $1.35@2.50;
receipts 81.
Tar steady, $1.2O; receipts 366.
New Orleans. April 17.-Receipts,
rosin. 122 barrels; turpentine, SO. Ex-
ports, Costa Rica, rosin 5.
New York, April 17.-Rosin steady.
Turpentine dull, 45h d46c.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-04-18
TRADE AND FINANCE
.ror COTTON IN DEMAND AT THE
ADXANCE AT ALL CENTERs.
THE ACTUAL STUFF WANTED.
,,xDENCY UPWARD DESPITE
COURSE OF FUTURES MARKETS.

oaerfnGs of Spot Cotton Locally
limited, with the Demand Good.
ladders show No Eagerness to
soil. Relieving Prices Are to Rise
Further Scarcity Develops-Tur-
,.ntine FIRM at 421kc, and in De-
u,ond-Rosins Steady and I'M
.hanged-LOcaI aud TeIesraphic
Markets.
The Morning News Office.
Thursday, April IT,.
The spot cotton markets came to the
front to-day, with the demand for the
octual stuff decidedly better than it
has been for some time. While specu-
lation was running prices of futures
nm and down, the spot holder rested
on his oars, waiting for the time of
reckoning when the cotton itself would
he wanted Apparently this time has
come. and still the majority of holders
incline to hold for even better prices
than those established by recent gains.
The Savannah market rose 1sc to-
dav with the closing steady and the
demand satisfactory. The present firm
undertone is largely due to the fact
that local supplies are small, and what
cotton is in factors hands is firmly
held by them. at prices above those
now being held. An illustration of the
strong position of spots may be had
from the desire in the interior for cot
ton at the port. Efforts were made to-
day by interior people to buy here, but
The prices quoted were Lice more than
the persons after supplies were willing
to pay
The New Orleans market was de-
cidedly the more active, as compared
with New York. New Orleans rose IL
IN 10 points near, and to points on
late positions. while New York adj
vanced 4 to on near, and 2 points
on distant positions.
The predominating feature in both
markets was the demand for spot cot
ton. which promises to be the controll-
ing consideration. Reports from New
orleans were to the effect that the
trade there is rampantly bullish, with
the government census figures winning
converts to the bull side.
Turpentine closed firm at 4212c, with
the demand satisfactory. Resins closed
steady and unchanged, with the de-
mand light. Resume of the markets as
follows:
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-04-18
COTTON FUTURES AT NEW YORK.

New York, April 17.-Cotton futures
opened steady. April, 9.14c; May, 9.O7c;
June, 9.04c; July, 9.O3c; August, S.S5c:
September, S3Sc; October, S.1Sc; No
vember, offered, S.09c; December, S.O6c;
January, S.07c.
cotton futures closed steady. April
9.22c; May, 9.14c; June, 9.11c; july,
9.06c; August, S.SSc; September, S.S7c;
October, Side; November, S06c;' De-
cember,, S.04c; January, S.04c.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-04-18
DRY GOODS.

New York, April 1.-THE dry goods
market to-day has ruled quiet and I'M
changed, with little in the way of new
business of any moment reported.
Prices, however, still remain unchanged
and sellers continue to show a firm
front in spite of moderate demand.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-04-18
COTTON.

Spot cotton is not only firmly held
at Savannah, but throughout the belt
the demand for the actual stuff appears
to be a strong and an argument for
the underlying strength of cotton. At
the Cotton Exchange to-day the open
ing was firm and unchanged from yes
terdays prices, with no sales, at the
monday call steady, Lice higher, with
sales of 2S0, and at the closing steady,
Lice higher, with closing sales of 81.
Receipts were SIS, against 1,616 last
year. The firmness of the spot mar
kets has brought them to the front as
factors, with the indication that an
animated scramble is to follow for the
article. While Savannah was SIC for
midding, Galveston was &c, Norfolk,
SIC, New Orleans. 9Ac. Mobile, sc,
Memphis, Lie, Augusta 3 S-16c, st.
Louis, Sc. and New York, 9ssc.
The following were the official spot
quotations at the close of the market
at the Cotton Exchange to-day:
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-04-18

SECURITIES There is nothing
much doing except a light demand for
Chatham Bank stock.
stocks.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-04-18
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.
Ofhces in principal cities throughout
the South. Write for our market man
ual and book containing instruction for
traders.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-04-18
Southern
Railway.

Trains arrive and depart Savannah
on sOth meridian time--one hour slower
than city time.
Schedule Effective April Is, 1902.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-04-18
hGc10TlS Z Miners Transportation Go
STEAMSHIP LINES
To Baltimore & Philadelphia

Tickets on Sale to All Points North
and West
,First-class tickets include meals and
berths Savannah to Baltimore and
Philadelphia. Accommodations and
cuisine uneQuaied.
The steamships of this company are
appointed to sail from Savannah as
follows Central Standard Time):
TO BALTIMORE.
TEXAS. Capt. Peters, Saturday, April
IS, at p. m.
ITASCA, Capt Hudgins, TUESDAY,
April %. at 500 p. m.
HUDSON, Capt. Robinson, THURS
DAY, April "a, at 700 a. m.
NEW ORLEANS. Capt Kirwan, SAT-
URDAY, April 26. at 500 p. m.
STEAMSHIP New Orleans carries in
termediate passengers only.
TO PHILADELPHIA.
ALLEGHANY, Capt. Chase SATUR-
DAY, April 49, at 400 p. m.
BERKSHIRE. Capt. Ryan, WE'D
NESDAY, April %, at ZOO a. m.
D. Fl. MILLER, Capt. McDorman.
SATURDAY. April rs. at 500 D. m.
ALLEGHANY, Capt. Chase. WE'D
NESDAY, April 80, at 500 p. m.
Ticket ONCE. No. 1l2 Bun street.
J. J. CARoLAN. Agent.
Savannah. Ga.
W. p. TURNER, G. P. A.
A. d. STEBBINS, G.. NJ.
J. c. WHITNEY, I'd v. p. and T. NJ.
General Offices. Baltimore. Md.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-04-18
EgrABLIsHEp ira.
WEsgRY BEER. BERTRAND BEz1.
EDGAR n. BRI0HT.
H. & B. BEER,
Cotton Merchanta,
NEW ORLEANS.

Members OF New Orleans Cotton Ex-
change. New York Cotton Exchange and
Associate Members Liverpool Cotton Az
soci9eion.
Special attention given to the executives
Of contracts for future delivery In cottem.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-04-18
Savannah Bank
and Trust Go.


JOSEPH ID. WEED, President.
JOHN c. ROWLAND, Vice President.
VIM. F. McCAULEY, Cashier.
sAML. L. CLAY, Assistant Cashier.
general banking and exchange
business transacted.
Savings Department, interest
computed quarterly.
Accounts of merchants, banks
and corporations solicited.
American Express Company's let
tiers of credit issued available in all
parts of the world.
Collections carefully made and
promptly accounted for.
Safety Deposit Boxes and Storage
Vauits for rent.
correspondence invited.