davidaulloa/AmericanStories huggingface dataset:
The Savannah morning news., 1902-02-07
LIVERPOOL COTTON MARKET.

Liverpool Feb. Spot limited lie
mand; prices 1-32d higher; American
middling fair 31-S2d; good middling,
11-16d; middling. 4 Sled; low mid
ding, 15-32d; good ordinary. 11-32d;
ordinary, 3-32d. The sales of the day
were 1000 bales, of which 500 were for
speculation and export and included
$500 American. Receipts, $4,000 bales,
including 23,500 American.
Futures opened quiet and closed
steady American middling, g. o. c.:
February, 4.31@432d, sellers; Febru-
ary- March, 430@4.31d, sellers; March
April, 4S0@4.31d, sellers; April May
Add. sellers; May-June, Add, buyers;
June-July, 4.31d, buyers; July-August
Add, buyers; August September, 4.27d,
buyers; September October, 4.19@420d,
buyers.
The Savannah morning news., 1902-02-07

quate for the worlds requirements at
the present rate of consumption.
Fourth. That despite interested re-
ports to the contrary, trade in Europe
is rapidly expanding. sthel causes which
make for sucir eWJansiurf abeing the re-
opening of the Chinese markets, the
termination of the famine in India, the
imminent settlement of the South Afri-
can war and the industrial improve
ment in Germany.
Fifth. That all reliable sources of
Information with regard to the con-
dition of American manufacturing
trade abundantly. attest the fact that
the mills are fully employed, and will
require sufficient cotton to keep every
spindle going, unless the market adj
vances to prohibitive price, and that,
misled by over estimates of the crop,
American spnners have not as yet
secured as much cotton as they had
bought up to this time last year, and
from now on will therefore be obliged
to purchase an increasing supply as
compared with last season.
Sixth. That the excess of exports of
American cotton from the United States
thus far this year. are 653, 600 bales over
the exports for the same time last
year. and that even admitting crop
of 100000 bales, there will be an ex-
ceedlngly short supply in America dur
ing the summer. Evidence is daily
coming to light which abundantly con-
firms the truth of these propositions, in
my opinion. The New Orleans Cotton
Exchange. in a report published yes
terday, shows that the average weight
of the bales is six pounds less than last
year. This is the equivalent of 100, 900
bales Of last years weight on a crop
of 1O,0OOOOO Light weight bales are
never characteristic of big crop
Daily receipts are becoming lighter,
and kilograms received by me within
the past twenty-four hours from all
counted points of accumulation, show
that the weather has very little to do
with the light movement. Shipments
from the interior towns, even the
smallest of them, are heavy. If the
weather is sufficiently good to ship cot
ton it seems absurd to say that it pre-
vents its delivery. Those who own the
remnant of this years cotton crop have
the situation in their hands 1t is
worth more than present prices, and if
present prices are declined higher
PRICES can certainly be secured.
Theodore H. Price.
The Savannah morning news., 1902-02-07
NAVAL STORES.

Thursday, Feb. 6.
TURPENTINE-The turpentine mar
ket developed renewed strength to-day,
closing firm at a material advance over
yesterdays price. AT the opening the
market was firm at Acc with no sales,
and at the closing firm at 42la to 42%c.
with sales of 1852. The demand was
fully equal to the offerings which were
cleaned up at the outside price. Re-
ceipts 1885, and the exports 22S.
ROSINS.-The rosin market closed
firm and unchanged from yesterdays
prices. There were no official trans
actions. Receipts, 1882, and the ex-
ports, IL, 767. The stock of rosin at
present is about $4,000 barrels behind
last year. Prices TODAY as follows:
The Savannah morning news., 1902-02-07
COTTON FUTURES.

New York, Feb. 6.-The cotton mar
ket opened steady 2 to points high
er and for the rest of the session
worked steadily upward on active buy
ing for both accounts, led by strong
bull interests and a badly frightened
short contingent. The latter made
scarcely any attempt to defend their
position after brief resistance on the
call and grew more uneasy at every
rise of point. Futures in Liverpool
were up 1 to points, and spot cotton
was up 1-32d, whereas no change was
looked for by the local trade. Manches-
ter stated that export trade in goods
was at full tide, and that home con-
sumption was all that could be desired
The continent, too, reported excellent
trade conditions in manufactured
goods. Next in order after the cables
were receipts. The ports gave promise
once more of falling short of those for
the same day last year. Not only did
interior towns report shortage. but
gave very large shipments, much of
which, were at the expense of reserve
stocks, thus indicating a light ..'in
sight movement at the end of the
week. Spot centers of the South told
of eager demand from mills. No fault
could be found with the weather, and
this led to the belief that after all the
small receipts We're due more to actual
scarcity of supplies than to the sleet
and rain storm of last week. In har-
mony with other influences. the official
estimates for to-morrow's New Orleans
and Houston receipts pointed to Sc
rious decrease under those of the same
day last year. Then official kilograms
from Southern spot markets reflected
smaller Offerings, increased demand
and higher prices. The feature of the
fluctuations was the closing of the
breach between March and May, and
the narrowing of the difference between
these two options and the July posi-
ton.
The market, closed steady, with prices
net 4 to Q points higher
The Savannah morning news., 1902-02-07
TRADE AND FINANCE
rox CLOSES FIRM AT THE AID
y.XCE WITH GOOD DEMAND.
futures MOVING UPWARD
.,.rrrR FOREIGN CABLES FAVOR
HIGHER PRICES.
,,,cHER PRICES FOR THE STAPLE.

cation in Good Demand. With
MARKET Firm-FeeIing in the
,,terior Was to Sell Moderately
-, the Rise-Turpentine Firm Mt
.he Advance, with the Demand
s,ronG-Rosins Firm and Unchang-
.d-LocnI and TeIeGraphic Mar
lsets,
The Morning News Office,
Thursday, Feb. 6.
THAT shaky movement in the knees
. tho bullish forces has at last been
staadied by very marked apd prob
.hlv steady decrease in the receipts,
,.bicb is now generally construed as
falling off in the movement caused
Nv exhausted supplies and not the
,aatber. as the bears would have it
when the first evidences of a shrink
,oe appeared. Reports come to the
tiles that stocks in the interior are
very light, and following these comes
confrmatory drop in receipts.
Whether this is to last remains to be
sean but there are strong probabilities
Saustion. AS evidence of this the fact
hat there is no objection to the
weather at present is urged.
If there is any change in sentiment
awards cotton, it is slightly in favor
of higher prices, says one house. The
oxcess in the movement over last year
is explained by the bulls upon the
theory that the experience of last
Years holders in waiting. for higher
nrices at which to market their crop,
nroyed so disastrous that they have
this year sold it promptly at fair
prices. Another reason is" that early
marketing of this crop has been al
most imperative because of the large
advance in the cost of food stuffs. Corn
is nearly twice as much per bushel in
the South to-day as it was a year
ago. and the price of meats has risen
from 2 to cents a pound. The justifi-
cation for this argument, if it comes
at all. will come through an abrupt
falling off in the crop movement. This
possibility is disputed by the bears,
who point to the crop movement as in
dicating an ultimate yield of sufficient
cotton to put the price well below the
present level In the meantime the
market, which has been in rut for
days shows signs of more activity on
the side of higher prices.
Savannah spots closed firm, with
sales of fair lot, and the demand
good In the f. o. b. market consider
able business was done at an advance
in quotations.
The feature of the naval stores mar
ket was the rise in turpentine, which
closed firm at 421s TO 42%c, with the
demand fully equal to the offerings.
Factors now urge that the recent de-
cline was a wholesome reaction, which
has been very beneficial to the cam
paign for higher prices Rosin closed
firm and unchanged. The following
resume of the markets will show their
tone and quotations at the closing to-
day; az saS-s+~r=- . ssst ~ = Z
The Savannah morning news., 1902-02-07

New York, Feb. 6.-Llverpool rail-
lied sharply on the light movement OF
Yesterday. and closed relatively
stronger than our market which mas
been supplied with long cotton from
Wall street houses all day. Weather
conditions throughout the south are
improving with some Improvement IN
Some OF the interior towns, where the
roads have become better. The market
has absorbed the Wall street offerings
with ease and traders look for q fur
thef Improvement IN the European
markets Tomorrow on the light re.
eelpia A New Orleans and Houston
fhese liaht receipts are having their
legitimate effect upon prices and unless
fhey become larger Win me better
weather fbf market viii advance fur.
fhnr. Were fhe speculative short ius
faresi larger Tho market would have
advanced before filla. Notwithstanding
toe heavy liquidation fpf outside &C
The Savannah morning news., 1902-02-07
10 THE NORTH AND WEST.

Trains arrive Savannah as follows:
No. 20, daily, from New York, Wash
ington, Richmond and Cincinnati, $50
a. IN.
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 80. THE SOUTH
ERN'S PALM LIMITED. Solid trains
between Savannah and New York,
composed exclusively OF Pullman
Compartment Observation and Draw
ing-room Sleeping Cars. Dining Cars
serve all meals en- route.
Trains 3S 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 30 and 30, THE WASHING
INGTON, RICHMOND AND FLORI-
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. M.
S. II. HARDWICK, G., p. A., Wash
ington, d. G.
W. Fl. TAYLoE, A. G. p. A.. Allan
ia, Ga.
r. c. BLATTNER, Depot Ticket
Agent, Plant System Station, Savan-
nah, Ga.
e. G. THOMSON. C. P. g. T. A., Sa-
vannah, Ga. 141 Bull street. Phones
$50
The Savannah morning news., 1902-02-07
Murphy & Co.'s Cotton Letter.

New York, Feb. 6.-Although the
market lacked much activity this
morning. there was no gainsaying the
fact that the undertone was decidedly
better Gables made very good show
ing, and 1T was apparent that the mod
crate receipts were making some inn
preston in European circles. Iii fact,
there is such a possibility of only a
moderate crop, after all, that extreme
caution is observed by those who a
few weeks ago were quite confident
that the crop would be an enormous
one. Weather is more favorable for
moving crop, and still receipts are
keeping down to such q low point that
there may be more than is suspected
in the long run. Early prices 2 to 4
points higher, and later on to 3 fur
Their was gained on comparatively ac-
tive trading. Cables closed 2 points
higher. Some Southern reports of ex-
hausted stocks came in. Port receipts
1900. against 10000 last year. The
Bombay receipts for the week were
$4,000, against $1,000 last year, making
a toal since Jan. i Of 200, against
436, 900 last year. Bears have been
pointing to these figures. but with no
effect whatever on the course of the
market, which has never yet been in
fiuenced to any material extent by the
India movement. We have had in
times past frequent big receipts at
Bombay as well as frequent falling
off, but in neither case has there been
more than slightly sentimental effect
resulting in scarcely any change in the
price of the American product, Prep
arations for planting will be soon UNI
der way and this will have far greater
effect than anything Bombay may or
may not do. At the present time adj
vices are conflicting as to the probable
demand for fertilizers. Much depends
upon the ability OF planters to buy on
credit. New Orleans expects to-mor-
row 1000 TO 5000, against 1894: Hous-
ton 81 900 TO 3.400, against 6,3l6.
The Savannah morning news., 1902-02-07
MONEY MARKET.

New York. Feb. 6.-Money on call
steady, 2A@2h per cent: prime mer-
camille paper, 4M41s per cent. sterling
exchange firm. with actual business IN
bankers bills at $4.S7A for demand.
and at $4.S45s@4.S4% for sixty days;
posted rates, 4.s51a and Sass; CONNER
cial bills, 4.83s4 Gp4.S4%. Bar silver,
55hc; Mexican dollars. 43%c. Govern
ment bonds, weak. state bonds mac
tive; railroad bonds, firm.
The Savannah morning news., 1902-02-07
FINANCIAL.
Market

FOREIGN EXCHANGE - Market
firm Commercial demand. sterling,
1886; so days, SASSY; 80 days, $4.s2Ik:
French 5191s Smiss, so days. SPIN;
Belgian, $50; marks so days, "a ills:
80 days, 941a.
DOMESTIC EXCHANGE - Steady,
banks are buying at 75c per NJ dis
count: selling up to 5@25, loo; 25150.
lie; 5O@10O, zoe; 100000, 25c; 20O@SoO,
soc; 30OQ4OO, 35c; 400@50o. 4Oc; 500G 900,
45c: 900 and over, 75c per NJ premium.
SECURITIES-A firm market and
but little doing on account of scarcity
of securities. ~
The Savannah morning news., 1902-02-07


Ialyeston--Firm; middling, e. 715-16c;
net receipts, 5.15O; gross $3.50: sales
I,o54' stock. 1876, 21S Exports-To Great
Britain, 3,345. e
Norfolk-Firm; middling, SC; net re-
oelpts 1,OS3; gross. 1893; sales. $50,
STOCK llO,2S1. Exports-Coastwise 3
baltimore-Nominal: middling, SIC;
gross 1882: stock, 10,9SS.
boston--Quiet; middling, 5-16c; net
ieceipts, 4S7: gross. 3,446.
Nlimington-Firm: middling, 77sc;
n .'- receipts, Sill; gross 511; stock, IA
~, EXports-To the continent, 5000.
adelphia-Quiet; middling, 11-16;
stock 1881.
9aVannah-Steady; middling, 7zsc;
100. receipts, 1875: gross. .1,S75; sales,
81 -, stock, S9,S22. Exports-Coastwise,
New Orleans-Firm: mddling,
soq. net receipts. 6,S2S; gross, g.,
va; sales, 1900; stock, 1856, 7s9.
NVolle-Firm; middling, Z 1850: net
st,pls, 464 gross, 464: sales, 400;
Memphis Steady: middling nc; net
sst,eeipts, 1926: gross, 400; sales, 1850;
NG,susta-s Steady: middling. Sc; net
stock 1866. '"'9'' 90
,...' Va! Ieston- Firm: mlddling. Sc: net
3Es i''is' gross l,ll9; stock, H.
ioc1, ,.'.li'hati-Quiet: middling, Sc; net
tol,s 3 $40: gross. $50: stock. 1861.
g. .'ulSN ille-Firm: middling. Sc.
ne, al.'oliuiis-steady: middllng. l5-iGc:
stoot ~ pts' 60i; gross, 1,766; sales, $50
nat loon-steady. mlddling, i5-16c:
tN .'eipis. 2.si3: gross, 2.sl3; sales,
aioow. sG.545.
net b. ork-Steady: middlinE, s 7-l6c:
.o. .ipts. ~; gross. 1892; sales. 2is:
uent a ,-l 'eoa. Exports-To the cont
to n' Io-day-Net receipts. II7.139;
a., ointment 1882. stock. s76,2s2.
g.,. .lldated Net receipts. 81. $50: "a
f. . hiiiain, 25.5l2. 10 France. "A. 70s
T. ointment. se.iis
.e ainee sept met receipts. 8.
Xxx. w. Great Britain. 2.265. ne. IA
fas 20 me continent, 1885. q
The Savannah morning news., 1902-02-07
COTTON.
The Morning News Office,
Thursday. Feb. 6

The cotton market closed firm, with
sales by factors of 567, of which So
were sold at the opening 81 at the
MONDAY and ABB at the cbsing call.
Receipts were 1875. against 4,S02 last
year. The decreased movement has
stimulated the demand very largely,
and in anticipation of a further inn
provement exporters are in the market
for supplies. In the fob. market the
demand was good. and considerable
trading was done at an advance in
prices. F. G.. NJ. was 716c. and G..
NJ, 5-16c. Cotton futures at New
York to points up.
The following were the official spot
quotations at the close of the market
at the Cotton Exchange to-day:
The Savannah morning news., 1902-02-07
COTTON FUTURES Ar NEW YORK.

New York. Feb. 6.-Cotton futures
opened steady. February, S.17c; March,
S.27c: April, S;23c May, S.22c; +Juhe,
S.21c; July, s.24e: August. ss11c; Septem-
Der. 1850; October, 7.75c.
Futures closed steady. February,
S.20c; March, S.24c: April, S.25c; May.
S.24c; June, S.25c; July S.26c August,
S.13c; September, 1850; October, isle.
The Savannah morning news., 1902-02-07
ARRIVALS OF TRAINS.
DEPARTURES OF TRAINS

Magnificent Pullman buffet sleeping
car service to Norfork, Washington,
Baltimore, Philadelphia and New York;
also to Jacksonville and Tampa
Solid train to Brunswick. No change
of cars.
Dining Cars on trains No. "a ana 81;
Parlor Cars on Nos. Il and ", and
Pullman Sleepers on Nos. 73 and "a
between Savannah and Montgomery.
For additional information apply to
Ticket Office. Bull and Bryan streets;
phone %.
The Savannah morning news., 1902-02-07
DRY GOODS

New York, Feb. 6-There is no
change in the character of the gem
eral home trade demand. Scarcity of
heavy supplies is restricting business in
a number of directions in both staple
and fancy cottons. Prices are main
tanned throughout. Print cloths are
practically out of the market for sea-
sonable deliveries, but prices are I'M
changed
The Savannah morning news., 1902-02-07

the off1cial sales being 2,125, against
05S last year. Receipts were l,161,
against l,5n last year. There was CON
siderable inquiry among buyers and fair
trading, though the transactions, as Of
ncially reported. do not represent Sa-
vannah business entirely. Reports from
the country are to the effect that the
crop is moving slowly, with some Sec
tons reporting no unsold cotton to be
had. Prices about as follows:
Prices about as follows:
The Savannah morning news., 1902-02-07

W IIIIIIIl IOII, ftU. O.-opIIIIS lUIpeII-
tine, nothing doing; receipts, is.
Rosin firm. S1106H.15: receipts, 80.
Crude turpentine strong, $1,S5@25O;
receipts, III.
Tar firm, $1.2O: receipts, 1879.
New Orleans, Feb. 6-Receipts, rosin
255 barrels; turpentine So
New York. Feb. 6-Rosin steady
Turpentine firm, 446441sc.
The Savannah morning news., 1902-02-07

price level as compared with other
equal dividend payers. Profit-taking
made the closing somewhat irregular,
but the inroads upon prices were not
extensive.
The bond market was active and
showed general advances Total sales
mar value. "a. 055.000
Total sales OF stocks to-day were
764, 600 shares, including Atchison. ~
300: Atchison preferred, $500; Baltl-
more and Ohio, 1920; Chicago. Rock
Island and Pacific. 9,400; Big -Four.
300: Colorado Southern. I,400; Erie,
~. 500: Illinois Central, $4,000; Iowa
Central, 10000: Louisville and Nash
vile. 5000; Manhattan. 10000: Metro
politan, 1860. Missouri Pacific. 24.4OO;
New York Central. 14.400' Pennsyl-
vania, 81. 3OO Reading. $4,000; Reading
second preferred, 9.400; st. Paul. 4s.6OO;
Southern Pacific, 93.1O0i Toledo and
Westrn preferred 5000; Union Pacific.
a.. 500: Wabash. 6.l00 Amalgamated
Copper. 26.4OO; Sugar, $4,000; United
States Steel 20,5Oo; United States Steel
preferred
-. x..n- stall and Hand Ifaf
The Savannah morning news., 1902-02-07

count which has thus far checked the
advance. Bombay receipts are heavy.
being "a, 900 bales, against $1,000 bales
last wear
The Savannah morning news., 1902-02-07
Savannah Bank
and Trust Go.
Capital. S35O.OOO.

JOSEPH ID. WEED, President.
JOHN C. ROWLAND, Vice President.
WIN. f. McCAULEY, Cashier.
SAML. l.. CLAY, Asst. Cashier.
general banking aud exchange
business transacted.
savings Department, interest
computed quarterly.
accounts of merchants, banks
una corporations, solicited.
American Express CoDpany's let
tiers of credit iasued available i'm
all parts of the world.
collections carefully made ana
promptly accounted for.
Safety Deposit Boxes and storage
vault for rent.
correspondence invited.
The Savannah morning news., 1902-02-07
| Have for Sale

1900 state OF Georgia AZ per cent.
bonds. due 1915.
10000 Tallaferro county Georgia, ~
per cent. bonds.
5000 city Of Dublin, Georgia. s per
cent. bonds.
10000 Darlington. s. C., ~ per cent.
bonds.
10000 Bennettsyille =. c., per cent.
bonds,
1900 Augusts, Ga, per cent. bonds.
10000 Augusta Gas Light Company 3
per cent. bonds.
JOHN W. DICKEY,
Augusta, Ca.
The Savannah morning news., 1902-02-07

na. Island cotton market was
hrufs fbe psff week. win
The Savannah morning news., 1902-02-07
EyrAsLIsHED iSy7.
HENRY BEER. BERTRAND BEER
EDGAR H. BRIGHT.
H. & B.. BEER,
Cotton Merchants,
NEW ORLEANS.

Members OF New Orleans Cotton Ex-
change. New York Cotton Exchange and
Associate Members Liverpool Cotton AS
ISOLATION.
Special attention given to The executioa
Of contracts for future delivery I'm cottoA.
The Savannah morning news., 1902-02-07
IN Southern
ON Railway.

Trains arrive and depart Savannah
on soth meridian time-one hour slower
than city time
Schedule Effective Jan. 16. 1902.
TO THE NORTH AND EAST.
The Savannah morning news., 1902-02-07
NEW ORLEANS COTTON FUTURES,

Charleston. Feb. 6.-Turpentine and
rosin unchanged.
New Orleans, Feb. 6.-Cotton futures
The Savannah morning news., 1902-02-07

"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, Ga, 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.
J. c. HALLE. Gen. Pass. Agent.
f. ]. ROBINSON, Asst. Gen'l Pass.
Agent
w. A. wINBURN. Traffic Manager.
THEO. d. KLINE. General Supt.
Savannah. Ga.
The Savannah morning news., 1902-02-07

OLD NEWspApERs. 20 Tor - osnfs.
81 Business once. hierning Newa
The Savannah morning news., 1902-02-07
Plant System
of Railways.

erlaIan TIme--one Hour slower Than city Tim.
The Savannah morning news., 1902-02-07

Augusta, Macon,
Atlanta, Covington,
45aml Milledgeville. Ami" 10pm
erIcus, Albany and
intermediate points.
Statesboro. Stillmore
45am and Bruton. 1Opm
Augusta, Macon.
Atlanta, Athens,
Montgomery.
0Opml Columbus, Birming-l% 7 00am
ham, Americus.
Albany, Eufaula,
and Troy.
Dover
00pm and Statesboro 4sam
| Accommodation.
Dover. Statesboro,
OOpm Stillmore and al 30am
Dublin.
Guyton
$40 00pmi Accommodation. 5 00am
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.
Daily-9:00 a. M. $50 p. m.
LEAVE TYBEE.
Daily-9:50 a. M, 500 y. m.