davidaulloa/AmericanStories huggingface dataset:
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-09-26

tne call the whole list eased off unite
Sharply under pressure of public long
COTTON and a withdrawal of CLIQUE sup-
port. Inc later cables from LIVERPOOL
proved to be very disappointing and
europe became a seller here. New
Crleans and the West offered the win
yer months quite freely and the com
mission houses continued to sell scat
terlng amounts of December. January
ana March. The private crop reports
averaged up bearishly, but were offset
ny heaVy receipts and easier spot cot
ton markets. The investment element
was disturbed by the weakness in the
STOCK market and fear of tight"
money again. All through the late SEES
sion the market displayed underlyine
weakness and prices continued to settle
SLOWLY, January working down to $3.50
and March to S.43c. Rumors that the
wan street bull combination were SELL
ing out did not help matters in the
opinion of nervous longs, even though
these stories were fatty denied by per-
sons in a position to know
Inc market was finally barely steady
with prices net 8 to 10 points lower
Iotal sales estimated at $4,000 bales,
well distributed through the list. jan
uary and March kept about rs points
apart all day, with further switches
made on that basis.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-09-26
THE RICE MARKET.

The market exhibits fair degree of
activity, and arriving parcels of at
tractive character find ready sales.
Buyers are loath to respond to the
firm conditions, but as supplies from
primary points are only secured by
assurance of full value, such is ex-
acted by holders.
Advices from the South note Allan
tic coast harvest progressing favor
ably. Some few parcels have been
pounded out at the various mills, and
quickly taken as offered. The quality,
so far, does not show high average,
but when the crop is more thoroughly
matured, better styles are anticipated.
At New Orleans receipts and sales con-
tinue at maximum compared with pre-
vious years. The assortment is widen
ed as to styles offering, but no press
ure exists to depress values. In South
west Louisiana crop news is about the
same tenor as previously reported, only
to the shortage at the thresher is add
ed diminished yield of cleaned, owing
to the presence Of light" rice. Prices
are held firmly. In Texas but little
cleaned rice has been offered, mills be-
ing somewhat tardy in beginning OPP
erationS.
Cables and correspondence from
abroad note firmer feeling, particular
ly on the better grades, as arriving
cargoes average lower quality; hence
holders of attractive styles insist on
full values.
Talmage, New Orleans, telegraphs
Louisiana crop movement to date: Re-
ceipts, rough, 4S4, 755 sacks; last year,
PSI, 522 sacks. Sales, cleaned (est), 1884,
9S3 pockets; last year, 142, 1876 pockets
Market very strong.
Talmage, Charleston, telegraphs
Carolina crop movement to date: Re-
ceipts, cleaned, 1,07O barrels. Sales, l.
O4O barrels Market steady. Receipts
taken fast as offered.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-09-26
STOCKS AND BONDS.

New York, Sept. 25.-The stock mar
ket reflected decided relief from the
process Of putting the screws on"
speculative borrowers whica has been
in effect this week Money rates still
ruled high, running up to 20 per cent.
before midday Prices ran off at that
time to a level between l and 2 points
under last night. but the money rate
then relaxed and prices started a slow
recovery.
II was apparent that no very plenti-
full supply OF funds was available TO
speculative borrowers for use Ia rebuy-
ing stocks. but the actual loan CONTRACT
ton and consequent forced liquidation
was much lighter. II was reported also
that payments on account Of the Unit
ed States Realty merger amounting 10
over ti0,00Q.000 were reloaned IN the
stock market and helped 20 break the
money rate. The general understand
ing that the Secretary o. the Treasury
was % make a statement sud 0nef
some additional relief YVES an aFzu-
msnt Tor tbs recovery Ihefe was =
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-09-26

momentary setback after the publiea-
ton of the statement. but the prices
hardened again and the market closed
firm, but below the best Net gains are
the rule. 1t cannot be said that the
offer of the Secretary of the Treasury
to anticipate the payment of all gov
eminent interest due up to the end OF
the present fiscal year gives great hope
of relief TO the money stringency in
Wall street. but the evidence afforded
of the Secretary's observant care of
money market conditions had a reas-
suring influence upon sentiment.
To-day's immediate developments
were that the process of depletion OF
New York bank reserves was shown
to continue. Yesterdays deposits at the
sub-treasury for telegraphic transfer,
the large customs collections and the
diminishing pension payments resulted
in a loss by the banks to that institu-
ton of $1.541.O0O for the day. bringing
the loss for the week to $202g, 600.
Against this is the receipt of the ST.
100000 in gold which arrived on the
Majestic yesterday To-day $350,000 was
transferred through the sub-treasury
10 New Orleans, while that institution
paid out on account Of gold deposited
at Pacific coast points S439, 900. II Is ev-
ident, however, that the position OF
the clearing house banks has been 70
far strengthened by the loan oontrac-
ton that the necessity for further
drastic contraction is over for the pres
snt.
Early weakness Of bonds gave place
70 iFregularity. Total sales par value
Ao20.00Q. United States bonds. old -
advanced Y and the r. declined * per
cent on the last call.
Total sales Of stocks to-day were
700 shares. Including Atchison, Gs,-
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-09-26
HI. a u. Beer Co.'s Cotton Letter.

New Orleans, Sept. 25.-Early Liver
pool advices were slightly better than
expected, consequently our market
opened l to 2 higher. Later, however
the break in Liverpool met with a
sympathetic response here causing "a
decline of Is to IA from the top. Near
the close values became steadier on
shorts covering, making the net loss
s to 10 points on the day.
The strained financial situation in
New York, combined with the heavy re-
ceipts and restricted demand for spots
have been instrumental in superinduc-
ing a break of about one-quarter of a
cent from the top. The anticipation
tomorrow of a heavy weekly move
ment into sight and necessarily a large
increase in the visible supply of Amer
lean also accelerated the weakness es-
tablished to-day. The money market
in New York was not so stringent this
afternoon, and, although tight money
there may be, the rule for some time,
owing to the moving of crops, there is
no evidence of any disastrous outcome,
and the probability is that the situa-
ton will again become normal shortly.
An immense amount Of liquidation has
taken place during the past three days,
and the market is therefore relieved
of a considerable burden. There may
be a continuance of realizing and val
ues might temporarily decline further,
but we think purchases on easy periods
will eventually prove profitable, be-
cause we are fast approaching the date
of the issuance of the next monthly
bureau report, and which will be given
out on Oct. 8. This is expected to be
a very bullish document and in addi-
ton to this, at any moment now. a
cold wave may materialize in the belt.
Spinners also have been holding out
for lower prices, and will be forced in
the market soon, as they are reported
to be bare of stock.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-09-26
Murphy q Co.'s Cotton Letter.

New York, Sept. 25.-Cotton was well
supported at the opeming when prices
rose 2 to points, but soon sold off
on realizing and bear trade reports
from Liverpool, as well as weakness
in the stock market. Liverpool sold
in this market. Early cables were
fully UP to expectations and the good
showing abroad indicated that reac-
ton from top figures was likely to
bring in a new class of buyers, who
abroad, as we'll as here, have been
awaiting an opportunity to enter the
market. The main obstacle to de-
cided advance just now is the large re-
CENTS. and this is explained as due
to the premature opening and avidity
of farmers to rush to market as speed
ilv as possible. Fields in many sec
tions are reported as being cleaned
and reports of short crops are so uni
versal that it is unwise to disregard
them. Next weeks government re-
mort will afford us an opportunity to
FORM a. clearer conception of the situ-
ation and extreme bulls go so far as
IN cav they expect the general condi-
lion 70 be below the 1896 figures, which
were COZ. Should this prove the case
a. would not be surprising II spinners'
who have been so long postponlng the
ranlenishment OF supplies, viii enter
The market as eager buyers. Port re-
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-09-26
NEW ORLEANS COTTON MARKET

New Orleans, Sept. 25.-Spot cotton
was quiet and easier. Quotations 1-16c
lower.
The future market was quiet, opera
tors combining their attention largely
to the December, January and March
positions. AT the opening prices were
L to points up, but uneasy bulls
quickly sold the market down to 8
points. Thereafter prices fiuctuated
over a moderate range, influenced by
alternate fresh investments and real
1z1ng purchases and renewed hammer
ing, but with an ever present heaviness
that seemed to defy all efforts to ele-
vate values. The closing figures show
ed net losses of points on September.
10 on October and to on the other
positions.
New Orleans, Sept. 25.-Cotton fu-
lures steady: September, S29@S. soc;
October, S.19@S zoe; November, $3.50
S.2Sc; December, S.2S@S. 29c; January,
8 .S2@S. 33c; February, S.32@S. SAC;
March, S.36@S,S7c; April, S.97@S. $50;
May, 8.37@S. 39c.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-09-26
LIVERPOOL COTTON MARKET.

Liverpool, Sept. 25.-Cotton: Spot,
moderate business, prices 1-32d higher;
American middling fair, SLID; good
middling, 5 S-32d; middling, sd; low
middling, 29-32d; good ordinary,
25-32d; ordinary, 21-32d. The sales
of the day were 1000, of which 500 were
for speculation and export, and includ-
ed $500 American. Receipts 1900
bales, including II, 700 American.
Futures opened firm and closed easy.
American middling, 6. o. c.: Septem-
Der, 4.52@4.5Sd, sellers; September Oc-
tober, 4.45d, sellers; October November,
440@4.41d, sellers; November-D Deem
ber 4.39d, sellers; December January,
1880, sellers; January February, 4.37D
4.SSd, sellers; February March, 4.37d.
sellers; March-April, 4.36@437d, buy
ers; AprilMay, 4.36@437d, sellers;
May-June, 4.36@4.37d, sellers,
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-09-26

Trains arrive Savannah as follows:
NO. 20, daily, from New York, Wash
lngton, Richmond and Cincinnati, 1850
a. m.
No. SO. daily from New York and
Washington. 3;05 p. m.
NO. 80, daily, from all points west.
via Jesup, 1920 a. m.
NO. "a, daily. from all points west,
via Jesup, los p. m.
All trains arrive and depart from
the Union Depot.
THROUGH CAR SERVICE. ETC.
Trains 80 and "a, NEW YORK
AND FLORIDA EXPRESS, Vesti-
puted 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 SO and "a connect at Jesup
with through Pullman Drawing room
Sleeping Cars operated from and to
Kansas City via Birmingham, and
from and to Cincinnati via Chatta-
nooga-
Trains 20 and 30, 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. G. P. A.. Allan
ia, Ga.
r. c.. BLATTNER, Depot Ticket
Agent. Union Depot, Savannah, Ga.
e. G. THOMSON, c. P. & T. A., Sa-
vannah, Ga. 141 Bull street. Phones
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-09-26
MONEY MARKET.

New York, Sept. 25-Money on call
firm at 2l22 per cent, closed easier,
offered at per cent. Prime mercan-
tile paper per cent. sterling ex-
change steady, with actual business in
bankers bills at s4.85.50 for demand,
and at $4S2.125G4S2.25 for sixty day
bills; posted rates, S4.S3Q4S3h and
$4.s5@4.S615; commercial bills, S4.S11S@
4S2; bar silver, 511sc. Mexican dollars,
4015c. Government bonds, irregular;
state bonds, inactive; railroad bonds,
irregular.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-09-26
COTTON FUTURES.

New York, Sept. 25.--The cotton mar.
1ei opened firm with prices 10
t9'nls higher ia sympathy with strong
~ 'rpooi cables ana on reports Of crop
tNihA&e by heavy rains over the CEN
'l ana portions ~ the Eastern belt
,'' p and the local ball crowd Vqn9h
lhr opening. bat the commission
es ecemed ~ be- abunaanfir SUP
%i'a NifH selling orders. FeiieatnE
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-09-26
COTTON FUTURES AT NEW YORK.

New York, Sept. 25-Cotton futures
opened firm. September, $500; October,
S.6!c; December S.74c; January, S.7Sc;
FEBRUARY, S.57c; March, S.56c; April,
S.56c; May, S.57c.
Futures closed barely steady. Sep
TENDER, S.67c; October, S.55c; Novem-
Der, S57c; December, S.63c: January
S.OSc; February, SAC; March, sac;
April, 8.43c; May, S.44c.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-09-26
Hubbard Bros. a; Co.'S Cation Letter.

New York. Sept. 25.-The market has
been hating one during the forenoon
with a bearish feeling held in check
by apprehension of further extensive
buying. AS the buying was not forth
coming the heavy receipts brought
sellers and a decline. Reports from
Texas indicate an improved condition
and with the stringency in money
makes for lower prices.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-09-26
FINANCIAL,
Market

FOREIGN EXCHANGE - Market
weak. Commercial demand, sterling,
s4.S41s; so days, $4.S2; 80 days. $4.S0M !;
French, 522; Swiss, 60 days, 5.221z; Bel
gian, s5.2OA; marks, go days, "a S-16; 30
days, "a lie.
DOMESTIC ExCHANGE-Ban
are buying at * discount; selling up
to 5025, 10c; 25Q50, 15c; 50@100, zoe;
100000, 25c $500 and over par.
SECURITIES-The market is quiet
hut dull
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-09-26
COTTON,

Spot cotton closed steady, with sales
by factors of 37S. The demand was
moderate. In the f. 0. b. market SIC
was the ruling quotation for basis G.
NJ
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, 1902-09-26
DRY GOODS.

New York. Sept. 25.-Bad weather
has affected local trade, but no change
in demand otherwise. The tone of the
market continues firm for staple and
fancy cotton goods here and print
cloths are firm at Fall River.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-09-26

ceipts to-day $4,000, against $4,000 last
year. Rain fell at Montgomery, Vicks-
burg, New Orleans, Augusta and At
lanta. The forecast for Texas was gen
orally for warmer weather.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-09-26

*Daily. Except 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, LOT Bun street, or
W. R. MCINTYRE, Depot Ticket
Agent.
]. c. HALLE, Gen. Pass. Agent.
F. ]. ROBINSON, Asst. GenI Pass.
Agent.
w. A. wINBURN, Vice President and
Traffic Manager.
THEO. D. KLINE, General Supt.
Savannah. Ga.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-09-26
TRADE AND FINANCE
moNEY BECOMES EASIER AMI
STOCKS CLOSE SOME BETTER.
TIGHT MONEY AND COTTON.
GRADING IN THAT MARKET RE
sTRICTED BECAUSE OF HIGH
INTEREST RATES.

Snot Cotton Fairly Active, With the
Inclination Among Exporters to
Hold Out of the Market-Turpen-
tine and Resins Firm at Quota
tions-WhoIesaIe Markets Steady.
Local and Telegraphic Markets.
The Morning News Office,
Thursday. Sept. rs.
The stir in the money market that
caused a sharp decline in stocks was
settled to-day, when call loans at one
time reached % per cent, but later
dropped down to their normal level
around per cent. at which money was
easy. This had it's Strengthening effect
upon the securities market as shown
nv advances throughout the stock list.
While confidence has not been entirely
restored among the general public it is
the current belief that no reason for
further apprehension on the score of
tight money exists.
The disturbance in the money mar
ket the past few days had depress-
ing effect upon cotton, and to some ex-
tent brought operations to standstill.
Money needed for legitimate purposes
in the handling of cotton could not be
had at the prevailing rates, and bust
ness was therefore checked The ten
dency was to liquidate, and while the
big ones in Wall street denied selling
cut the rumor would not down that
they were doing SO nevertheless. Flu
lures at New York closed to 10 off
and at New Orleans off on Seatem-
Der, 10 off on October. and to 8 on
other positions. Spot cotton was in fair
demand at unchanged quotations. The
wholesale markets closed steady. Ma
val stores closed firm, with the demand
good for supplies at quotations. Re
sumo of the markets as follows:
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-09-26
Market Steady: sales 378

Galyveston-Easy middling, s1a; net
receipts, 1S,479; gross, 13,479; sales, g.
4S9 stock, 102,777. Exports-Coastwise,
4,470.
Norfolk-Quiet and steady; middling,
S% net receipts, 1921; gross, 1881;
sales, 207; stock, SOP. Exports-Great
Britain, 1000; coastwise, 2,675.
Baltimore-Nominal; middling, SB;
gross receipts, 500; stock, 2,161.
Boston-Dull; middling, 8; gross re-
ceipts, 1882.
Wilmington-Firm middling, S1a;
net receipts, 4,724; gross. 4.724; stock.
27,299.
iladelphia-Steady: middling, 9A;
gross receipts, $50; stock, 1851. Ex-
ports-Great Britain, 1886; continent,
200.
Savannah-Quiet; middling. So;
net receipts, S,735; gross, S,735; sales,
22O; stock, 65,001. Exports-Great
Britain, S,715; coastwise, 1902.
7-16; net receipts, 7,345; gross, 7,S45;
sales, 1850; stock, 107,337.
Mobile-Quiet; middliag, s sis; net
receipts, 1878; gross, 1878; stock, 9,744.
Exports-Coastwise, $50.
Memphis-Quiet; middling, SIS; net
receipts. 2,S16; gross, 1853; sales, 1900;
stock, 25,771.
Augusta-Easy; middling, 7-16:
net receipts, 2,94S; gross, 1903; sales,
S55; stock, 23,962.
Charleston-Steady; middling, 81;
net receipts, 4.47O; gross, 4,47O; Stock
%O25. Exports 1896.
Cincinnati-Steady; middling, Sh;
net receipts, 1876; gross, 1876; sales, rs;
stock, S,925.
Louisville-Firm; middling, So.
st. Louis-Quiet; middling, S1s; net
receipts. 294; gross, ISL; sales, II;
stock, 1857.
Houston-Quiet; middling, 9-16; net
receipts, 6,522; gross, 6,522; sales, 775;
stock, 30,O45.
Port Townsend, Sept. 25.-Cotton, net
receipts, 1882; gross, 1852; exports to
the continent, 1882.
New York-Quiet; middling, 8; gross
receipts, 2,254; sales, SIS; stock, S0,023
Total To-day-Net receipts, 4S,5O4;
exports, Great Britain, 10,050; CONT
hent, 1872; stock, 3S4,004.
Consolidated-Net receipts, 221,044;
exports. Great Britain, 43,94S; France,
4S.4S9; continent, 53,S47.
Total Since Sept. met receipts, 674,-
19O; exports, Great Britain, 1873, 154;
france, 3SS37; continent, 206 531
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-09-26
GM Southern
(9A Railway.

Trains arrive and depart Savannah
oy SOth meridian time-one hour slow
er than city time.
Schedule Effective July 1, 1902.
TO THE NORTH AND EAST.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-09-26
NAVAL STORES.


Thursday, Sept. 25.
SPIRITS-The turpentine market
opened firm at 47c, sales 200, and closed
firm and unchanged, no sales. De-
mand good. Receipts, 799; exports, &c.
ROSINS-The rosin market opened
firm, sales 1850, and closed firm and
unchanged at the prices below, sales
none. Receipts, 2,444, and the exports
400. Prices as follows:
Yes
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-09-26
SEA ISLAND COTTON.

The sea island cotton market closed
nrmer, with the demand decidedly bet
Ter and prices tending upward. This
Is due largely to the unfavorable re-
ports from the crop, owing to rainy
weather, which has damaged consid-
erably. Sales for the week were about
double the receipts.
Prices q hO,,+ &C foIloxvs.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-09-26

Wilmington, N. c., Sept 25.-Spirits
turpentine firm, Acc; receipts, "a Rosln
firm, $1.10@1 10; receipts, 309. Crude
turpentine firm, $1.6O, $2.5O@2.6O; re-
ceipts, AZ. Tar firm, $780, receipts, 1903.
New Orleans, Sept. 25.-Receipts,
rosin, 55 barrels; exports, Genoa, rosin,
300.
New York, Sept 25.-Rosin firm.
Turpentine firm, 49@50c,
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-09-26

GOO; do preferred, 1900: Baltimore and
Ohio, 80, 200; Canadian Pacific. $4,000;
Chesapeake and Ohio. $500: Erie, 49,
500: Illinois Central, 10000; Manhattan,
26, 900; Missouri Pacific. $1,000; New
York Central, $500; Pennsylvania, 3D.
GOO; Reading, 65, 400; st. Paul. 42,400;
Southern Pacific, So, 800; Southern Rail-
way, Ia 800; Texas Pacific, 600; Union
Pacific, SO, 700: Wabash. 5000: Wabash
preferred, II 200; Amalgamated Copper,
12,20O; Brooklyn Transit. 1000: Colo
RADIO Fuel, $500: National Lead, 800;
Sugar, 1900: Tennessee Coal. 300;
United States Leather. 1900: United
States Steel, 25,40O; do preferred. 1880.
New York stock and Doad List.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-09-26
MURPHY & CO. INC

BOARD BOARD Of Trade Building, Savannah.
W Nase leased wires direct to New
AolK, Snlcago and New Orleans.
SoIToN' STOCKS AND GRAIN.
New York Office. No. 81 Broadway.
81, Oiaces In principal cities throughout
ens south. Write for our market man
t Sai ano book containing instruction for
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-09-26
Savannah Bank
and Trust Go.
Capital, $35O,OOO.

SoSEPH ID. WEED, President.
SohN 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
an" corporations solicited.
american Express COInpany's let
ters OF credit issued available in all
parts of the world.
OoAectfons carefully made and
promptly accounted for.
safety Deposit Boxes and Storage
Vaults for rent.
correspondence invited.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-09-26
Atlantic Coast Line Railroad Co.

EFFECTIVE AUG. 81 1902.
tn Meridian Time-One Hour Slower Than City Time.