davidaulloa/AmericanStories huggingface dataset:
The Savannah morning news., 1902-01-28
HI. & B. Beers Cotton Letter.

New Orleans, Jan. Northumberland
ing Liverpool advices were disappoint-
ing our market only opened two lower
improved 6 later on fresh buying, sub
sequently declined 9 to 10 from the top
on the heavy interior receipts and
liberal estimates for both New Or
leans and Houston tomorrow, closing
at net loss of points on the day.
In the report receipts, while slightly
under last years. are offset by the
large interior movement. Reports were
received from numerous uncounted
towns stating that wagon receipts were
much larger than last years and the
prospects were for a continuance on
that scale for some time to come 1t
is feared by many that the expected
cold wave might check receipts but
the opinion is growing that this crop
has been under estimated and the
chances are that increased crop esti-
mates will soon again become cur
rent. Manchester cables state that the
cloth market was poor and that the
Indian demand had fallen off consider
ably. There was some demand from
China at lower rates and limited to
few channels. Merchants are indiffer-
ent to placing further orders in view
of the easier tendency of cotton. An
easier feeling was apparent there as
holders are becoming tired, waiting for
that perpendicular drop in receipts
which has so promised for eight weeks
and which fails to materialize, but in
stead the movement points to larger
crop daily. With the discouraging
textile outlook. and fair from satisfac-
tory condition in America ii is doubtful
whether values can be sustained in
the case. of the liberal receipts unless
fresh speculation is attracted to the
article.
The Savannah morning news., 1902-01-28
STOCKS AND BONDS.
The Market Closes Dull but Firm
Pending Developments.


New York, Jam. 27.-There was no
relief, from the semi-stagnant stage in
speculation in, Stocks to-day Profess
sional opera tors continued their at
tempts to find the market by 'persis-
tently testing both by sales and pur-
chases, but they found the great pow
ers in the financial absolutely quies-
cent and awaiting some turn of events.
The stiffness of money rates, which
persisted for some time after the turn
of the year, has yielded entirely and
the ordinary borrower is able to OBJ
tain money on call on very easy terms.
Returns of gross earnings of railroads,
which began to come in to-day for the
third week in January show gratifying
increases over last years high lever.
To-day's break in the grain markets,
while due to condition of over specu-
lation and attributed ostensibly to the
large movement from other cuntries,
warrants a presumption of promising
conditions for our own winter wheat
crop, upon which much hinges. These
considerations, however, were power
less to animate the stock market.
There is a very general agreement that
the ultimate decision of the question of
the legal standing of the Northern Sc
curites Company is the thing really
awaited for the next general move
ment in the stock market. There is
also Importance attached to the def
mite shaping of the governments finan-
cial operations, which is given addi-
tional importance by the growth of
the surplus in the revenues, the de-
crease in the available supply of bonds
for redemption and the pressure to
retire bank note issues. The question
of the reduction of the revenues on the
one side and for special government
expenditures on the other are studied
with great attention owing to their
bearing on the market money supply.
The formulating of demands by coal
miners has been a cause Of some de-
preston. The stiffening of the dis
count rate in Londonand the advance
in the price of gold may be a symp-
tom Of renewed demand for gold from
that quarter. as the. Bank Of England
is obviously striving to make its rate
effective in the market in preparation
for the coming government loan. OF
the special movements In to-days mar
ket which gave it it's whole character
that in Amalgamated copper was most
The Savannah morning news., 1902-01-28
TO THE NORTH AND WEST.

Trains arrive Savannah as follows:
No. 30, daily from New York, Wash
ington, Richmond and Cincinnati, 4.50
a. m.
No. 81, daily except Monday, from
New York and Washington, 1920 a. M
No. 33, 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
ERNS 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 29 and 80, THE WASHING
1NGTON, 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 @. M.
+ S. H. IARDWICK, G. P. A, Wash
ington, ID. c.
w. H. TAYLoE. A. G. P. A., Atlan-
ta, Ga. ''
r. G. 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., 1902-01-28
Hubbard Bros. & Co.'S Cotton Letter.

New York, Jan. 27--As a result of
the conflict between the heavy move
ment and the reports of exhaustion the
markets have become very dull, pend
ing an explanation and the expected eff
feet of the zero weather passing over
the South. This is expected to check
the movement throughout the cotton
belt. Estimates to-day of the semi
weekly receipts are $1,000 bales or 10, 600
above the largest week on record. Many
explanations are received regarding
this large movement are stating the
amount remaining behind is very small,
and none that it represents a larger
crop than expected. Bombay receipts
are 5000 bales larger than last season.
1t is difficult to find any bullish infor-
nation on the blackboards. and yet the
sentiment is in favor of the market,
stronger than ever known, in face of
such large receipts T f7rr
The Savannah morning news., 1902-01-28
NAVAL STORES.
Monday, Jan. %

Monday, Jan. 81.
TURPENTINE---The turpentipe mar
ket opened firm at 421sc paid and bid,
with no sales reported, and closed
steady and unchanged, with closing
sales of 357. The market is less active
for the past two days, and there are
appearances that the pressure'is off. No
large reaction is looked for, however,
and with the movement continuing
around its present volume a fresh de-
mand is confidently expected. with
further rise in prices. -To-day's re-
ceipts were 296 and the exports 164.
ROSINS-The rosin market closed
firm and unchanged from previous quo
tations, with the demand good. Sales
of 1923 were. reported, at the opening
and 3.044 at the closing call. Receipts
were 3, 492 and the exports 4s561e Prices
n, fnI1nrua.
The Savannah morning news., 1902-01-28
TRADE AND FINANCE
urER MOVEMENT BRACES UP
THE COTTON MARKET.
COLD WEATHER FoREcASTED.
ms NAY HAVE a CHECKING Eff
Feet CPoN THE MOVEMENT.

and for Both spot and Interior
co+,ou Light-Turpentine Steady
.glhc. with the Demand Light.
Rosins Firm and Unchnnged-Lo-
.at and TeIegraphic Markets.
The Morning News Office,
Monday, Jan. q.
For the first time since the increased
-.,,,anent of cotton started the trade
,,ore to-day brought to hesitation, and
particularly bears at New York, who
feared they saw a decrease that would
heneAt the market. Bears scampered
ohout for a time, but later took re-
nevad courage on the larger estimates
eor Houston to- morrow, believing this
70 he an index to the other large re-.
caiving points in Texas. A strong point
arguing for the bulls was the forecast
Of cold weather in the South by the
Weather Bureau, which will mean a
reduction in the receipts, provided the
prediction materializes. This had a
very steadying effect upon the market.
throughout the interior feeling con-
tinues bullsh. So persistent is this
that in some cases the trade at the
mort wonder what is going on in the
interior, and who is paying the prices
which seem to be more than exporters
here are paying. Cotton was offering
freely. but il was at prices considera-
blv above what in being paid.
Turpentine closed steady at 421kc,
with the demand moderate. While the
market has lost much of the activity
of a few days ago theresis no tendency
to yield materially, and it is not gen
orally believed prices will go off with
the movement as small, as it is now
Resins closed firm and unchanged from
previous prices, with the demand good
and sales of round lot officially re-
ported The following resume of the
markets will show their tone and quo
tations at the closing to-day:
The Savannah morning news., 1902-01-28
COTTON FUTURES.

New York, Jan. 27.-The cotton mar
ket opened steady with prices / to 4
points lower which was about a fair
response to disappointing Liverpool
cables the feature of which was a de-
cline of u to / point in futures and
l-32d in spot cotton. Shorts in the To-
cal ring beat a hasty retreat mme-
dtately after the call on estimates for.
port receipts of but 81 900 bales for the
day, this comparing with $4,000 bales
same day last year. From S.10c May
stiffened up to S.17c and for time
the whole ruling of the market was
decidedly firm. Liverpool was quick
to confor mwith our advance and the
South sent a fairly good number of
buying orders to representatives here
On the advance reports were in cir
cuiation to the effect that spot cotton
was firmer throughout the South on
active competition between exporters
and between dealers who, last fall, had
sold cotton for January February de-
livery. The latetr feared the markets
would get away from them inasmuch
as holders were very bullish. Heavy
rains were reported to have broken the
drought over Northern Texas and to
have put roads in very bad condition
over the rest of the Western Belt, ex-
eept Southern Texas, which remained
dry. Intensely cold weather was fore
casted by the Washington department
for the entire western and much of the
central belt for tonight, all of which
led to fears of a curtalment in the
movement. But a big estimate for to-
morrow's Houston receipts and a lib
eral prediction as to to- morrow's New
Orleans receipts, restored the bears to
their natural equilibrium later in the
day and under scattering sales for both
accounts the markets dragged slowly
lower. Prices returned to about the
opening level. Speculation throughout
the afternoon was very tame and al
most entirely professional. Near the
close bear pressure helped to force
prices off. The market was finally
barely steady with prices net to Z
f10ipts lOuyoy.
The Savannah morning news., 1902-01-28

lost ? to points, all of which was
wiped out in very quick order There
was an absence of sellers just as has
been the case when general prepara-
tons were made for decline. There
was more disposition to buy than sell
which does not signify, however, that
any anybody was anxious to buy more
than moderately. Port receipts were
$1,000, against 5000 last year, and in
asmuch as we are comparing with last
year. big movement selling will not
be popular this week. The coldest
wave of the season extended all over
Texas. to-day and this. if anything
was bull factor A waiting policy
was being observed generally. Liver
pool showed an advance of 11s. Trad
ers did more or less around the pit
but the market was about as dull and
featureless as can be imagined. Crop
views are as wide apart as ever. Bulls
stick to small figures with great con-
fidence. Bears show no signs of
breaking away from big figures. The
movement continues free, but not free
enough to cause a stampede to the
bear side. The only chance for the
bulls is a slack movement. Are we
nearing that point is the question.
There is no more evidence of this to-
day than there was six weeks ago.
Predictions week after week have
failed of verification. The question Is,
will the movement go off gradually as
usual, so as to make no remarkable
impression on the market. or will there
be a sudden collapse, or what the bulls
term perpendicular crumbling away.
That is the question that confronts the
trade. New Orleans expects to-mor-
row, 10000 to 1900, against 10,326;
Houston $4,000 to $1,000, against 1925.
The Savannah morning news., 1902-01-28
Savannah Bank
and Trust Go.
Capital, $35O,OOO.

JOSEPH ID. WEED, President.
JOHN c: ROWLAND, Vice President.
VIM. f. McCAULEY. Cashier.
SAML. l.. CLAY, Asst. Cashier.
general banking and exchange
business transacted.
savings Department, interest
computed quarterly.
Accounts of merchants, banks
ana corporations solicited.
American Express Company's let
'eFs of credit issued available i'm
All parts of the world.
collections carefully made and
promptly accounted for.
safety Deposit Boxes and storage
vault for rent.
Correspondence invited.
The Savannah morning news., 1902-01-28
MONEY MARKET.

New York, Jan. 27.-Money on call
easy, 21s@3 per- cent; closed bid and
asked 2@3 per cent. Prime nercan>
tile paper, 4@5v per cent, sterling ex-
change, steady With actual business in
bankers bills. at $4S7@4.S71s for de-
mand and s4.s4sss for go days; posted
rate, $4.S5@4.SS: commercial bills,
$4.S3M 64S41l.g oRsr. silver, 54Bc; Mexi-
can dollars, 4415c Government bonds
strong; state bonds inactive; railroad
bonds irregular.
The Savannah morning news., 1902-01-28

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.
Cafe cars on trains No. 81 and 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 once, Bull and Bryan streets;
phone 28.
The Savannah morning news., 1902-01-28
FINANCIAL.
MONEY-Market easy.

MONEY-Market easy.
FOREIGN EXCHANGE = Market
steady. Commercial demand, sterling.
French, $40; Swiss. go days, 5.21s<; Bel
gian, 5.23: marks. so days. 94ss: so days.
94ik.
DOMESTIC EXCHANGE - Steady;
banks are buying at 75c per NJ dis
count: selling up to 5d25. 10c: 25ds0.
i5c: 5OG100, zoe; 100000, 25c; 20OaH0,
zoe: 3OOG400, 35c 400G50O, 40c; 5OOd 600.
45c; 800 and over. 75c per M premium.
SECURITIES-Dull and droopy. No
money seeking investment
The Savannah morning news., 1902-01-28
LIVERPOOL COTTON MARKET.

Liverpool, Jan. 27.-Cotton-Spo
dull; prices 1-32d, lower; middling
15-32d The sales of fhe day were
1000 bales. including $500 American.
Futures closed steady. American mid
ding, g. o. CT. January. 4.2Sd; January
February, 427@42Sd; February March,
4.2660427d; March-April, 4266427d:
April May, 4.26@4.27d; May-June, 427d;
June-July, 4.26d; July-August, 426d
September. 4.2Sd; September
October, 4.15d.
The Savannah morning news., 1902-01-28
DRY GOODa

New York. Jan, 27-There has. been
no new lfea ture OF moment in the cot
ton goods division. Buyers keep their
purchases of staples well within
bounds, but sellers show no disposition
to give way in brown bleached or
ginghams are firm. Print cloths un-
changed in price. but difficult to buy:
Business in cotton hosiery and UNDER
wear reported quiet at previous prices.
The Savannah morning news., 1902-01-28
sEA IsLANn cnrrnN.

.o,,,I ne sea island cotton market ruled
d. curing the past week with the
p,''and moderate from all sources.
,.Oes ,,,.,e show little change from last
49,, eeH level. The receipts here for the
snS are LIB against 1892 last year,
40 'l AZ. SO FAR this season A., ,4og against
,'.., ''o iast season. A moderate business
saa transacted. the sales being 4i9
M "'ust l'V'2 last year. reports from
ers Interior are 20 the effect that hold
"a f''I, sum. and on the whole look for
tt.l' maintenance OF prices around
6.th present mark unless there Is an
al'e 'l Apected Increase m receipts from
on, Prices about az Follows.
F TICS about as follows:
The Savannah morning news., 1902-01-28
COTTON.

Spot cotton closed easy, with the
demand light and buyers making few
inquiries for supplies. Quotations were
posted as officially. unchanged. Sales
by factors 325. Receipts 1854, against
1885 last year. In the fob. market
the demand was light, and the differ
ence between bids and the country's
asking prices that brokers abandoned
their efforts toleffect any large busi-
ness during the day. The current quo
tations were for fully good middling,
sac to 5-16c, and good middling, SIC
to s 3-16c. Cotton futures at New
York closed bare steady, 2 to points
lower.
The Savannah morning news., 1902-01-28
NEW ORLEANS COTTON FUTURES.

New Orleans. Jan. 27.-Cotton futures
barely steady January, 7.S3c bid:
February 7.S3@7S5c; March, $780,. .90c;
April, 792G7.94c: May, 7.9S@7 .99c; /;
June, S.O1Gs.09c; July, S.O6@8.07c.
The Savannah morning news., 1902-01-28
.~s, ESTABLISHED ls7.
HENRY BEER BERTRAND BEER
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 ahe executiou
OF contracts for future delivery In cottoz.
The Savannah morning news., 1902-01-28

Bid. Ask.
Augusta and Savannah ...115 jlG
Atlanta and West Point ,..,..i4O lbO
70 8 per cent certificates IOS no
Augusta Factory .-.....,.-.. ~ rs
Citizens Bank .......t..-...i55 i37iz
Chat. and Gulf u. n. stock. ,tl2. llf
Chatham Bank ...t.s.-sl...s,CsA ~
40 II. =. and T. q. A.. ..s... gzA 50
90 do .s...sts,...t.,.tsss. ~ 5z'k
Eagle and PheniK MIG co. 100 iO5
Fnferprlse Mfg. 90 ..,+.,..,.. - 100
Oermania Bank ,.....t...ts s.siSf ftg
Georgia Raiifoad, common 20 ~
Cranifeyilie Mfg 20. ,,.sssstl2 49,
j. y. king MIS- 90. ,.,...,ff. s5 100
rangiey MfR Cof sss.+ssssiot 30
nsrrhants' National BauF ilfH 1850
National Bank ~ ssYsnneh 100 lGS
OglsthorDs eay, q trust cg.iig ns
The Savannah morning news., 1902-01-28

Murphy & Co.'s Cotton Letter.
New York, Jan. 27.-Prices for cot
ton this morning moved up as rapidly
as they moved down. AT first they
The Savannah morning news., 1902-01-28
r. ~ Southern
ON Railway.

Trains arrive and depart Savannah
on 90th meridian time-one hour slower
than city time.
Schedule Effective Jan. 1e, 1902.
TO THE NORTH AND EAST.
The Savannah morning news., 1902-01-28
COTTON FUTURES AT NEW YORK.

New York, Jan. 27.--Cotton futures
opened steady. March, S.06; April $40;
May, S,11iN June, SIP; July. S.16; Au-
gust, 500; September, 40; October.
TO.
E Closed barely steady. January, 1877:
February, 7.9S; March, SOB; April, sos;
May, S.O9; June. $40; July, S.13; ,Au-
gust, 796; 3 September. I'll; October,
1853. y 4
Spot closed quiet; middling uplands.
The Savannah morning news., 1902-01-28
spallv. lExcept snndav.

sDaily. 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 Birniing-
ham, Ala.
Parlor cars on day trains between
Savannah, Macon and Atlanta.
For complete information. schedules,
rates and connections, apply to
w. G.. B2EWER, City Ticket and
Passenger Agent, 107 Bull street, or
w. r. MCINTYRE, Depot Ticket
Agent.
J. C. HALLE. Gen. Pass. Agent.
f. J. ROBINSON, Asst. Gen'l Pass.
Agent.
w. A. WINBURN. Traffic Manager.
THEO. d. KLINE. General Supt.
Savannah. Ca.
The Savannah morning news., 1902-01-28

newport NewS-Stock, SIG. Exports
Great Britain, LAY.
GalVeston-Quiet; middling, IA; net
receipts, 7,244; gross, 7.244: sales, 1,241; :;
c' stock' l9O,l4O. Exports-Coastwis
$3.50; continent, 20,461
Norfolk-Quiet; middling, s; net re-
ceipts, 2,311; gross, 2,311; sales, 1856:
stock 45,16S. Exports-Coastwise /. .626.
baltimore-Nominal; middling 81
gross receipts, 451; stock, 5000.
hoston-Quiet and steady; middling,
2-l6; net receipts, 1921; gross, S.40s.
"iimlngton-Firn; middling, IA net
receipts, l,2S1; gross, 1921; stock, 23,-
Philadelphia-Quiet middling. 8 9-1e:
net receipts, 140; gross, 140; stock, S.5S1.
eavannah-Quiet; middling, 1916;
ao net receipts, 3,945; gross, 3,945; sales,
go stock, 1856. Exports-Great
britain, 52S4; coastwise, 1924.
New Orleans-Quiet; middling, ia i;
net receipts, 1929; gross, 1929; sales,
lGoV' stock, 352,006. Exports-Soast-
wise, 1,411.
Mobile-Quiet middling. Z 1916; net
receipts. 1923; gross. 1923: sales, 500; stock,
o@,LZS. Exports-Coastw 249.
Memphis-Very steady; middling,
io-lo, net receipts. 1.7SS; gross, 4,272;
sales, $50; stock, 107, sos.
Augusta-Steady: middling, s 1-16:
nel receipts, 9S4; gross, 1854; sales, 692;
stock, 35, ,239.
tharleston-Steady; middling, I 1915;
net receipts, 1.70S; gross, 1,70S; stock.
Io,9S9. Exports-Coastwise 600.
Nlncinnati-Easier; middling, 8: net
otTooeipts, oto 1,4S0; gross, 1,4SO; stock, 49,
LoulsVille-Firm; middling, 1915.
81 Louis-Quiet; rniddling, tx: net
oeI ooeeI[eipts, 1,l46; gross. 1861; stock, 54,-
houston-Steady; middling. Z 1915;
59a sgt receipts, 1866; gross, 1866; sales,
ozs; stock, 1894.
Ne New York-Quiet; middling, 8 1916;
s, ne' receipts, 22S; gross, 7,940; sales, 5S4:
9Soch' llL108. Exports-Great Britain,
10 - continent. 6.S9.
roL. Iotal To-day-Net receipts, 3O.79O; ex-
5es.Ss' 55os.S' Great Britain, 6,776; continent,
-o,eol; stock, S91, 1856.
ro,.l ,o.hsolidated--Net receipts. 1898; ex-
~ gOeSs' o6s' Great Britain. 5S,295; France.
'',SD,' continent, H,3O7.
-ta Ulsl Since Sept. Net receipts, s.
FOO Fs' exports, Great Britain, 2,19O, 5i4;
'"Hee J42,l15; continent, I6S0 964
The Savannah morning news., 1902-01-28
Naval Stores Statement

NIId IIt5tVIIf % u JdIIs Il T VI ptII =
tine and rosin unchanged.
Wilmington, n. c.. Jan. 2T.-Spirits
turpentine, nothing doing; receipts, 8
casks.
Rosin firm at s1.10G1.15; receipts. 25.
Crude turpentine strong at $1.35 TO
$3.50: receipts, -.
Tar firm at s1.25: receipts. 567.
New Orleans, Jan. 27.--Receipts: Ros-
in, S5S barrels; turpentine. 80.
The Savannah morning news., 1902-01-28

The following were the offioial spot
quotations at the close of the market
at the Cotton Exchange to-day;
The Savannah morning news., 1902-01-28

OLD NEWsPAPERs go for Is eenfa
II Business once. M0rnlnk News.
The Savannah morning news., 1902-01-28
DOUBLE DalLY SERVICE
ARRIvALs oF TR AIMS.
DEPARTURES OF TRAINS

FOR
No. 81 Jacksonville and Florida. As am
No. 81 Jack'ville and Florida.12 10 pm
No. 35 Brunswick and Darien. 30 pm
No. "a New York and East .. 55 pm
No. II Montgomery and West. 7 10 am
No. 73 Montgomery and Vests 80 pm
No. Sc New York and East IL 30 pm
No. 81 Jack'ville and Florida Is am
No. 40 Columbia and local pts. 10 pm
The Savannah morning news., 1902-01-28

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, 2:30 p. m.
LEAVE TYBEE.
Daily-9.50 a. M. 4:30 ID. m
The Savannah morning news., 1902-01-28

Through Pullman Sleeping Car Serv-
ice to North, East and West, and to
Florida.
The Savannah morning news., 1902-01-28

ec'ni'nusa On klEhih Pags9