davidaulloa/AmericanStories huggingface dataset:
The Savannah morning news., 1903-11-11

New York, Nov. 10.-Cables were
lower this morning, just as expected
would be the case, the general idea
being that the rapid advance has
caused change of front for the time
being. The trade is still very bullish,
but profit taking may have the effect
of depressing prices temporarily. The
market is feeling the effect of a very
heavy movement and as receipts arc
expected to be heavy for some time,
anxiety to secure high prices will prob
ably exert depressing influence.
Shorts covered pretty freely when the
market opened, but even then first
prices were 10 to To- points lower. Sa-
vannah receipts were so heavy as to
cause a rush to sell, the expectation
being that the ports would be at the
record in the matter of receipts. Shorts
covered some after the opening and this
led to a temporary rally. Wall street
sold some and houses with Southern
connection were very heavy buyers.
Port receipts pointed to 102, 900, against
$1,000 last year. People of reputation
and experience looked on the market
as favorable for a bulge and regarded
the top as far from having been reach
ed. There was feeling that receipts
are not at their best on account of the
eEeat rise and that the movement
would fall before long. Gables were
quiet but steady at to decline. Man
chester was quiet. Estimates for to-
morrow: Houston, 24,5O0 to 255OO,
against 1926 last year; New Orleans,
$4,000 to 10000, against 10, 425; Calves
ton, 10000 to $4,000, against 1859 last
wear
The Savannah morning news., 1903-11-11
COTTON FUTURES.

New York, Nov. 10-The cotton
market opened weak at a decline of
5@16 points under lower cables, the
outlook for tremendous receipts, good
picking weather and further liquida-
ton in connection with heavy unload
ing by Wall street. The lowest prices
of the day, however, were reached on
the call when December sold at 10.70c;
January, 10.72c; March 10.76c and May
at 10.7Sc. This represented a net loss
since the high level of the previous
morning of about 40 points and SEEM
ed to represent the bulls idea of a
reaction for Immediately afterward
prices rallied. For a time the market
ruled very nervous and rather irregu-
lar with fluctuations comparatively
narrow, prices being influenced first
this way and then that as buying and
selling orders for the moment predomi-
mated. Generally speaking, however
the undertone was firm and in the aft
ernoon room shorts turned to cover,
and the bull leaders supported the
market. 1t was asserted that promi-
nent Philadelphia spot interests We're
heavy buyers of the late winter and
spring months as a hedge against con-
tracts to deliver cotton to the mills
and it was also reported that New Eng
land spinners were heavy buyers. The
receipts for the day were very heavy
reaching a total larger than ever be-
fore recorded for one day but this is
claimed by the bulls to represent the
demand for actual cotton and the
heavy exports were pointed to-
as well as the heavy offer
ings of cotton bills which were
claimed to be the cause for the
decline in sterling exchange as a con-
firmation of this view and consequent
ly failed to-Tveaken prices which reach
ed the highest point of the day in the
last half hour. December sold at
10.96c; January at 109Sc; March 11.02c;
May, 11.03c and July 11.O3c. Just be-
fore the close there was a reaction of
3Q5 points from these figures under
realizing, but the market was finally
firm at net advance of 4 to 10 points.
Sales were estimated at 100000 bales
Receipts of cotton at the ports to-
day were 1922 1873 bales, against S9,9S3
last week and 69046 last year. For the
week 100000 bales, against 412217 last
week, and 346,5S3 last year. To-day's
receipts at New Orleans were 30,5O9
bales, against 21,9O2 last year, and at
Houston 4O,OSO bales. against 1894
last year.
Cotton Futures at New York. Nov.
10
The Savannah morning news., 1903-11-11
ware & LeIard's Cotton Letter.

New York, Nov. 10.-There is no
question about the strength of the cot
ton market. There was every reason
to look for serious break to-day and
yet prices recovered at midday all the
early loss. In view of the big advance
scored in a single week. in view of the
high prices and the enormous move
ment, the general steadiness was moth
ing short of remarkable. One would
hardly have expected so sharp a recov-
cry as the Is points to-day from the
early records, but 1t all took place
easily and showed a demand for cotton
which calls for serious consideration.
We were inclined to view purchases at
the opening as the part of wisdom, but
we would look for another setback in
the event of an advance over IL cents
again. Reports from the South indi-
cate that a big movement is in pro-
gress from the interior, and this will
hold port receipts up for some time
to come. So much cotton has been
bought that we should not be sur
prised to find let up at any time. In
this event their weight on the market
will be instantly felt. We see buying
Of the very best kind going on, and
would not take the short side for any
consideration. But just at the moment
some of the big men are taking profits
and the situation is not wholly favor
able for another sharp advance. We
would only buy on breaks for the pres
The Savannah morning news., 1903-11-11

professional character of the selling.
united states Steel preferred closed to-
DAY unchanged from last night al
though 1t sold at one time at 49A. The
relaxation of the severe pressure
against this stock seemed to deprive
the bears Of some of their war material
ana further their disposition to cover.
IL was generally expected that some
further cuts in steel prices would be
announced to-day as a result of meet
lngs amongst authorities in the trade
and the failure of these announcements
was a relief to the United States
steel securities. The number of shares
OF Pennsylvania dealt in rose consid-
erably over the number of those of
United States Steel preferred but
pennsylvania is in $50 or half shares.
The acute weakness of this stock,
which sold down to 11415 had much to
do With the general weakness developed
in the other railroad stocks The ar
gument was used with effect that the
depression in the iron and coal trades
would be bound to affect the traffic of
the trunk lines unfavorably and most
of all Pennsylvania.
Transfer of currency to the interior
to-day again rose to 100000 and call
money again loaned in some abundance
at per cent. Sterling exchange, how
ever, made another downward plunge
to point where foreign bankers es-
timated that it would be profitable to
import British sovereigns. The mar
ket closed dull and barely steady
The bond market was dull and heavy.
The Savannah morning news., 1903-11-11
NEW ORLEANS COTTON MARKET.

New Orleans, Nov. 1O.-When the
spot cotton market opened to-day
prices were easy and very quiet, but
during the last three hours of trading
a brisk demand developed resulting in
sales of 5000 bales, including 6,100 to
arrive. Quotations unchanged.
Under the influence of lower Liver
pool futures opened 8 to 10 points lower.
BY some traders it was considered
that the local market showed surpris-
ing strength in not going lower under
the tide of selling orders which con-
tinued to flow into the ring In the
early hours prices fiuctuated between
the opening level, and the close of
yesterday. The heavy port receipts
for the day-102 193-almost a record
breaker, was the weightiest bearish
factor. Later In the session the bull
element was again in evidence, and
prices were gradually advanced to the
close, when the list showed net gains of
10 to II points.
New Orleans, Nov. 10.-Cotton flu
lures closed steady, November, 1860
10. 69c; December, 10.77@10. 7Sc; jan
uary, 10. 5000. SAC; February 10.94@
10. soc; March, 10 .99611 OOc April II O4
oil .O6c; May, 11.16@11 lie; June, 11.I9
oil .21c; July, 11.2SQ11.S0c.
The Savannah morning news., 1903-11-11
TRADE and FINANCE
<.oTTON MARKETS TAKE ANOTHER
TURN UPWARD, CLOSING AT
ADVANCE.
SPOTS IN BETTER DEMAND.
rVpORTERS SEEM WILLING TO
TAKE ALL THE COTTON Of
FERINGS REASONABLY.

while spots Are Not Being Snapped
IN ReckIessly All the Offerings
at Prices within Reach of Export
ers, Limits, Which II Is Said Are
Being steadily Raised, Is Prompt
Nv Taken-Turpentine Firm at
5G 1-4c-ROsins Firm-LOcal and
TeIegraphic Markets.
The Morning News Office,
Tuesday, Nov. 10.
The tendency of the cotton markets
to-day was distinctly upward after the
opening drop that let prices all
through the list off some. The de-
nand appeared to be good as prices
dropped, and as the recessions uncov-
cred buying orders the market quickly
gained strength and started upward
at New York, closing firm to 10 points
M. At New Orleans the rise was 10
70 II points up, with the demand good
and feeling overwhelmingly bullish.
There was a decidedly better demand
for spot cotton, owing to the drop in
futures that let exporters in upon
slightly lower basis. The drop was
short-Iived, however, for no sooner had
the buying begun than prices re-
bounded. 1t took quick work to get
cotton at the lower figures. In the f.
o. b. market conditions were about the
same, with basis good middling
around lie all day, and the country
less willing to sell than the port was
to buy. Around this price the i'm
pression is that all the cotton offered
would have been quickly absorbed.
Turpentine closed firm at 56Ac, with
the demand good and the offerings
largely taken. There was bullish talk
going the rounds, but it did not appar-
entity put exporters on the run for sup
plies.
Resins closed firm at the prices Civ
en- with the demand fair from all
sources. The wholesale markets clos
ed steady. Details of the different
markets as follows:
The Savannah morning news., 1903-11-11
STOCKS AND BONDS.

New York, Nov. 10.-Railroad stocks
were more affected to-day in sympa-
thy with the recent weakness Of
United States Steel than at any time
during the heavy liquidation of that
stock. The sharp rebound in prices at
the end 81 the day gave room for the
supposition that much of the selling
of railroad stocks was for short ac-
count and room traders found supplies
scanty when they attempted to cover
their short sales.
The demonstrative way in which the
break in the railroad stocks was her
aided and tipped from professional
quarters furthered the suspicion Of the
The Savannah morning news., 1903-11-11
MONEY MARKET.

New York, Nov. 1O.-Money on call
strong. 3h16 per cent; closing 2RQ1
per cent; time loans, firmer; sixty days
and ninety days, 5%Q6 per cent; six
months, 5h per cent. bid. Prime mer-
ca ntile paper, 5h@6 per cent.
Sterling exchange, weak, with actual
business in bankers bills, at $4SS.5O@
4 g3. Ks for demand and at $4.79.70Q4.79.8 sc
for sixty days; posted rates, $480h@
ASH and s4.S41AQAS5; commercial bills
S4.79h. Bar silver, 5S1sc; Mexican dol
lars. 441bc.
The Savannah morning news., 1903-11-11
LIVERPOOL COTTON MARKET.

Liverpool, Nov. 1O.-Cotton-Spot
quiet, prices 20 points lower. Ameri-
can middling; fair, 6.16d good middllng,
5.9Sd; middling, 5.9Od; low middllng,
5'S4d; good ordinary. sid; ordinary,
5.54d. The sales of the day were 5000
bales. of which 500 were for specula-
tons and export and included 4,4OO
American. Receipts 1900 bales, in
Guiding $4,000 American.
Futures opened easier and closed
steady; American middling g. o. c.:
November, 5.7Sd; November December,
5.i2Q5.fSd; December January, Sod;
January February, 5.6S@5. SGD; Febru-
airy March, 5.6S@5.69d; March-April,
56Sd; April-May, 5.6Sd; May-June, 5.67
q5;6Sd; June-July, 5.67d; July-August,
566d.
The Savannah morning news., 1903-11-11
New York, Nov. 1O.-Rosin, quiet.

New York, Nov. 1O.-Rosin, quiet.
Turpentine, firm.
Charleston, S. c., Nov. 1O.-Turpen-
tine, steady; $3.50.
Rosin, steady; sales, none; A, B, c,
D, $2O4; E, $2.1O; f, 1925; G., $3.50; H,
$2.35; 1, $3.50; K, $40; M, $3.50; N.
$500; w. G.. 1918; w. W., $40.
Wilmington, N. c., Nov. 10.-Turpen-
tine, firm; sec bid; receipts, 10 casks.
Rosin, quiet; 1920; receipts, 81 bar
rels.
Tar, firm; $3.50; receipts, q barrels.
Crude turpentine, firm; 1925, $3.50
and $3.50; receipts. A barrels.
New Orleans, Nov. 10.-Receipts. ros-
in, 127 barrels: turpentine, 80 casks.
The Savannah morning news., 1903-11-11

Galveston-Firm; middling, 10Ac;
net receipts, 43,244 gross, 43,244; sales,
l444; stock, 1861 Exports-Great
Britain, 22,617; continent, $40.
Norfolk-Dull; middling, 10%c; net
receipts, AIS; gross, 4,715; sales, 4os;
stock, 1907. Exports-Coastwlse' -
449
Baltimore-Nominal; middling, 1OS7c;
gross receipts, 1885, stock, 3,3O9. Exports
Continent, 927.
Boston-Quiet; middling, 11.15c; net
receipts, 20; gross, 1913. Exports
Great Britain, 1908.
Wilmington Steady; middling'
l0t-12c; net receipts, 3,611; gross, 5,6l!;
stock, 1852. EXports-Continent, l9,z4f'
Philadelphia - Steady; middling'
ll40c; gross receipts, 1872; stock, 1856
Exports-Great Britain, TIA,
Savannah-Steady ; middling, 1O15c;
net receipts, 1929 gross, 1928 sales
~; stock, 12S62S. Exports-Great Brit
am 1854 coastwise, 287; continent, A.
849
New Orleans-Firm; middling, 1880;
net receipts, 30,410 gross, 30,41O; sales,
$500; stock, 1884. Exports-Conti-
nent, 1913
Moble-Firm: middling, 1Ohc; net
receipts, 1885, gross, 1926; sales, 500
stock, 33,6SS.
'Memph middling, 1O%c;
net receipts. 6,SSS; gross, 1906; sales
300; stock, $3.50.
'Augusta-Firm; middling, 10%c; net
receipts, 9,116; gross, 1884; sales, 456;
stock, 36,697.
Chareston--Firm; middling, 1880;
me- net receipts, 1853; gross, 1883; stock
ME- Xports--Coastwise, 70S
Cncinnati-Dull; middling, lie; net
receipts, 553; gross, 553; stock, 5,152.
I-oulsville-Firm; middling, lie.
~. Louis-Firm; middling, lO%c;
net net receipts 1877; gross, 1886; stock,
Houston-steady; middling, 10 11-16c;
met receipts, 40,0S0; gross, 40,0S0; sales,
05z, stock. 51.7S3.
New York-Quiet; middling, 1855;
sgoss receipts, 2,426; sales, 202; stock,
oSo9o' EXports-Great Britain, 2,9O6;
continent, 2.2S1.
Total To-day at All seaports-Net
IeCelpts, 102, 1893; Great Britain, 30, ia;
yCnuhent, 39725; stock, 697,275
No.. Gonsolidated, at All Seaports-Net re-
r'pts' 1855; Great Britain, $4,000;
I .oaaace 2l,O10; continent, 1921; Mexico,
NJ Total Since Sept. l, at All seaports-
- ,Sey H. receipts, 2,614,569; Great Britain,
; 49,; France, 261, O63; continent. 49,
Mexico, 1928; Japan, $3.50.
NOT included in totals.
The Savannah morning news., 1903-11-11
DRY GO0nS.

New York, Nov lobbying of dry
goods has been restricted again by the
bullish influence of the raw cotton
market upon the minds of the manu-
facturers. But instead of frightening
the buyer into larger purchases the
independent attitude of the sellers
seems to cause general conservatism,
and the belief that a change in senti-
ment will be seen through this is con-
sistently comba tied by manufacturers.
The Savannah morning news., 1903-11-11
SEA ISLAND COTTON.

wiz market closes firm this Friday,
onIr,. me demand good and general IN
hat being made for cotton. the
ds,lsr stapled cottons are in very good
fr5 ,,rand. No pressure has appeared
bosit, any quarter to sell, and the dis
10 ,,.toini among holders appears to be
und,,oo AT no time was there any
bjt ectiVity. Prices were advanced
IN. not at a pace out of harmony with
fec,i rreIhand and general conditions az
R,tbn me market. Reports are that
ilng Is progressing, and that ear
The Savannah morning news., 1903-11-11
FINANCIAL.

DOMESTIC N. Y. EXCHANGE
Buying &c discount.
Selling: $25 and under. Toe premium
S25 to $50, 15c premium; $50 to 500, zoe
premium; 800 to 5000, 35c premium;
5000 and over, par.
FOREIGN EXCHANGE - Market
weak. Commercial demand, sterling
$4.S4.25; sixty days, $4.S075; ninety
days, $479.25; French, 522A; Belgian
5.23; marks, sixty days, "a 3-16:
ninety days, 93B.
The following are the Savannah Cot
ton Exchange quotations:
gfnnLx.
The Savannah morning news., 1903-11-11
COTTON.

SPOT cotton closed firm, with prices
nc lower and sales of SGT bales from
factors tables. The demand was bet
fer towards the closing, when it be-
came apparent that futures were again
probably on the rampage. The i'm
preston was that the decline once
started, would extend well into the list,
but to many the result of to-day's bust
ness was quite to the contrary. In
the f. o. b market a good demand was
reported with basis good middling
around 10 15-16c to lie. There were
more buyers at these prices than SELL
ers, however.
The following were the official spot
quotations at the close of the market
at the Cotton Exchange to-day:
The Savannah morning news., 1903-11-11
NAVAL STORES.

Tuesday, Nov. TO-
TURPENTINE-The turpentine mar
ket opened firm at 56Ac, with sales of
1877 casks, and closed firm at 56A c, with
closing sales of 645 casks. The de-
mand was good enough all day, and
the closing was reported as finding
the offerings pretty well taken. There
was no special feature to the market
during the day Exporters were look
ing about for supplies, but not in
way that indicated any special eager
ness on their part to trade. Talk about
more vessels in port to load and a con-
sequent demand for supplies with
which to load them was heard. The
receipts We're LAB casks. and the ex-
ports 1.120 casks.
ROSINS-The market opened firm,
sales 1,194 barrels, and closed firm and
unchanged, sales none. The demand
was moderate. All grades were in fair
request. The receipts were 1910 bar
rels, and the exports 2,457 barrels.
Prices as follows:
The Savannah morning news., 1903-11-11

Trains arrive Savannah as follows:
:. NO. ~. daily. from New York, Wash
Mgton and Cincinnati. $40 a. m.
NO. 30. daily. from New York and
washington 500 L. m.
NO. 50. daily. from all points West
via Jesup. 1859 p IN.
All trains arrive and depart from
the Union Depot.
Trains 20 and 30. THE WASHING
TON AND FLORIDA LIMITED.
Hestibuled limited trains, carrying
Pullman Drawing room Sleeping Cars
between Savannah and New York.
Dining Cars serve all meals en- route.
Also Pullman Drawing-rVom Sleeping
Cars between Savannah and Cincin-
rati, through Asheville and The Land
OF The Sky"
For information as 10 rates. sched-
ules, etc.. apply to
c. H. ACKERT. q. NJ. Washington.
8, H HARDwIcK, q. p. A.. Wash
W: Il. TAY1oE. A. q. p. A. Atlsn-
Ia, Ga.
r c. BLArTNER, Depot Ticket
Agent. Union Depot, Savannah, Ca.
e. @. THOMSON. C. P. g. T. A., sa-
varnah, Ga, 141 Bun street. Phones
$50
The Savannah morning news., 1903-11-11
Savannah Bank
and Trust Go.

'OsEFH ID. WEED, President.
JOHN C. ROWLAND, Vice Preside mt.
VIM. F. McCAULEY, Cashier.
SAML' l.. CLAY, Assistant Cashier.
general banking and exchange
business transacted.
savings Department, interest
computed quarterly.
accounts of merchants, banks
ana corporations solicited.
american xpress COmpany's let
'ers OF credit issued available in all
parts of the world.
collections carefully made and
promptly accounted for.
sHfety Deposit Boxes and Storage
Vaults for rent.
Correspondence invited.
The Savannah morning news., 1903-11-11
Futures opened weak: closed firm.
SPOT COTTON AT NEW YORK.

New York. Nov. 10.-Cotton spot
closed quiet; middling uplands IL. 15c;
gulf, IL .40c; sales 2O2 bales.
The Savannah morning news., 1903-11-11
A. 3. BAXTER & CO. INC.

Successors to Murphy & Co.,
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.
oh1ces in principal cities throughout
the South. Write for our market man.
ual and book containing instruction
for traders
The Savannah morning news., 1903-11-11

Jacksonville Electric IS ........ SO
ocean Steamship IS, 1926 ....10S ITO
Savannah city IS, 1913 LOB 109
Savannah Electric Co. 5s.... 30
The Savannah morning news., 1903-11-11

ent until it is evident that another
upward swing is in progress.
The Savannah morning news., 1903-11-11
HARRIS, GATES & co.
MEMBERS:

NJ I'M
NEW YORK STOCK EXCHANGE.
sew YORK COTTON EXCHANGE.
New YORK PRODUCE EXCHANGE
CHTCAGO STOCK EXCHANGE.
cHICAGO BOARD OF TRADE.
C0TToN DEPARTMENT 10 Wall St.
New York. o.,,-,.-
The Savannah morning news., 1903-11-11

Continued on Tenth Page.
The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1903-09-22
HOOT At THE MATTER
Arkansas Cotton Nea Say No Boil
Weevil Are In State.
ARE SHARPSHOOTERS
Chemist MeLane of the Agricultural
Department of the Government
Does Not Coincide in This
View ct the Matter.

Little Rock. Ark. Sept. 22.--Arkan-
In this city, which is the chief mar
ket for the state, boot at the interview
given out at Knoxville. Tenn. by
Charles p. McLane a chemist in the
employ OF the agricultural department
OF the United States government. who
has spent two months studying the
boil weevil In the cotton producing
country OF the southwest. Mr.. Nc
Lane says a portion Of Arkansas has
been devastated by the boil weevil
and that eastern Arkansas. and es-
pecialIy Hampstead county. presents
a desolate appearance After a hasty
bat thorough. investigation. 1t has
been established beyond the pera OVEN
ture OF doubt that there are no boil
weevil in Arkansas. Recently in
sect appeared which caused much
damage TO cotton, and Is still causing
81 IL Was thought by the planters
that these insects were the Mexican
boil weevil but investigation proved
them TO b. M, shaFp shooter. pest
which does almost ms great damage "a
tire boil wecyif. but which disappears
after one season. and may not appear
I'm th" same region for a number ~
years or 8i sIt wbereas the boil wee
W. when once IL appears. stays year
after year
The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1903-09-22
UNIQUE DISPLAY.
Reproduction Of Burning Of Chicago
Is 10 Be Oemonstrated.

Chicago. Sept Committees IN
charge 81 Chicago's centennial cele-
alton Wh1oh begins next Saturday
and lasts until the following Thursday
might reported that the preliminary
details were practically complete and
ISSUED a programme for the six days
Monday invitations were sent out for
the banquet Of mayors which takes
place al the Auditorium on Thursday
night oct = More than 5000 invitations
have been issued for the Daughters
81 the American Revolution reception.
az which many 81 the members will
appear iu gowns OF 100 years ago.
ON Saturday night the centennial
managers viii give "a reproduction OF
the burning or the city la 1871. in an
unique display 81 red fire. one hundred
tons Of the iuHammable material will
blaz,. from thy roofs OF several scores
Of the taIlest buildings in the down
town district and for thirty minutes
the city Will seem 20 be struggling @ith
disaster similar 20 that which result
ed in almost total destruction thirty
two years ago
The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1903-09-22

LONDON. Sept 22.-Attorney General
F1nlay. al Mondays session Of the
Alaskan boundary commission. con-
tinued his argument in behalf OF Can
ada. citing the utterances OF American
offeials and passages in the American
case which he claimed upheld the
can@daan contention. He occupied the
entire day.