davidaulloa/AmericanStories huggingface dataset:
Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1903-09-30

Sully "bull' clique. The mills have
shut down because they have no
cotton to spin, and because they
cannot find in the market such
grades az are fiji for spinning pur-
poses. Stocks are exhausted and
the active operation of spindles in
this country and in Europe can only
be undertaken after the present
crop begins to move to market. This
fact is clearly emphasized by the
activity of mills in pushing their Or
ders for new cotton at this time.
This state of affairs could not exist
if the mills were shut down simply
because the present prices are higher
than usual. These repol 70 are being
sent broadcast over the country at
this time to depress prices and 10
enable the mills to get their supplies
at greatly reduced prices.
Aside from the exhaustion of sup
plies, which can be designated better
as cotton famine, the condition of
the present growing crop is not such
now as to forecast any hope in the
minds of any one that much
larger yield will be made this year
than last. The boil weevil, accord
ing to advices just received, are do
ing great damage to the crop in 81
counties through the middle and
southern portions of Texas, while
the boil worm is rayaging the crop
in northern Texas. East of the
The Savannah morning news., 1903-07-03

New Orleans. July 2.-The spot cot
ton market shows no material change.
There is no cotton for sale here except
to consumers. Quotations unchanged.
Futures at the opening were quiet
and steady. The bearish influences
were heavier declines in Liverpool than
expected and a more favorable weather
map. In spite of these bearish influ-
ences those on the inside gave their
following the advice that it was time
TO buy. The wisdom of this advice was
seen when a large interest composed
of scalpers and room traders who were
short became afraid of the bureau re-
port and hastily covered. This sent the
market up for moderately substantial
gains on the winter months, which at
the close showed net gains of 697
points from October to- January, in
elusive. The earlier months were
steady at about last evenings figures.
New Orleans, July Cotton futures
steady. July, 1S.77c; August, 1850 bid;
September, 11.92G11 93c; October, 1O516
l0.32c; November, 9.96@s.sSc; Decem-
Der, 9,926993c: January, g.90c bid.
The Savannah morning news., 1903-07-03
HI. &B. Co.'S Cotton Letter.

New York, July Our market
opened with sales of August at 12.S4c
and after selling at 12.S1G12.S2c rules
at 1276c at p. m. Our market has
shown remarkable strength in face of
the adverse advices from Liverpool,
where it is reported the Egyptian spec
u1ators are selling out near and buy
ing distant positions. Here August
was particularly weak on foreign ar
bitrage selling reversing straddles on
small differences. 1t is understood that
a large shipment from Eastern mills
has been made for July delivery. The
local temper is very bearish, especial
1y on the distant delivery on which
there must be d large short interest
TO absorb so large line of short cot
ton as was sold yesterday and advance
September has been offered freely on
reports of blooms in some sections of
North Carolina and Georgia, No con-
firmation could be obtained of the ap-
pearance of bug in Texas which
would destroy the Mexican weevil. New
Orleans dispatches reported the pres
ence of the weevil in Williamson coun-
ty, Texas. Most of the buying orders
on the new crop have come from the
southwest. Atlantic crop reports are
slightly better. Estimates of the bu
reau report tomorrow range from Is
70 70. The spot market was quiet, IN
changed.
The Savannah morning news., 1903-07-03

the action of to-day's market. This
was what with the Pennsylvania stock
subscription, and the semi-annual re-
quirements on the money market out
of the way, some speculative interest
in stocks would be aroused
To-day's money markets reflected
clearly enough the refiux of funds aft
er the tying up incident to the settle
ments. Some doubt is felt over the
showing of the weekly bank statement
which will be published tomorrow ow-
ing to the Saturday holiday. 1t is ex-
pected that this will show the effects
of the large operations incident to the
beginning of the fiscal year.
The maximum call loan. rate to-day
was Az per cent compared with 6
per cent. yesterday and 10 per cent. on
Tuesday. A bank statement unfavora-
BILE on it's face is not likely therefore
to be factor in the speculation. But
the easing money market failed to help
the stock market. There was no urg-
emit pressure to sell, but the buying
demand was almost imperceptible and
prices sagged heavily througbout the
session. The approach of the holiday
was a possible influence on the dull
ness, especially as many members are
preparing to leave town this evening"
until next week. 1t would be difficult
to hit upon any one factor as the
dominant cause of the weakness, but
sentiment in speculative circles over
the future of values is Undoubtedly
discouraged. London reported some
selling OF Americans on fears Of a
disturbance of our relations with the
Russian government, but there was no
trace of this feeling in New York. Re-
ports Of plans of reorganization for ad-
ditional Industrial combinations and
the terms proposed created a distinctly
bad impression, although the securi-
ties affected are not dealt in on the
Stock Exchange. The favorable news
from the crop region and the days re-
ports of railroad earnings, including
the Pennsylvania decrease for May,
afforded no assistance in advancing
prices. ~,
In the bond market some of the old
er issues tended downwards. The semi
annual interest of 1& per cent. came
off the New York Central general
mortgage ga and they sold at par for
the first time in their history. Total
sales of bonds par value 81. 725, 900. L..
S. SIS advanced IL per cent. on the last
calf. -
Total sales of stocks. to-day were
943. 800 shares, including Atehison U.s.
$50: Baltimore and Ohio. 1882; Erie, o.
$50; Missouri Pacific, 1880; Pennsyl-
vania. 3f,266; Reading, 2s.6T05 Rock Is
land, $500. Southern Pacific, 400;
Southern Railway, 1850; ST. Paul, 12.
$50: Union Pacific. 1925; Copper. s.740
brooklyn 1905: Intted states Steel.
10 400; do preferred, 500
The Savannah morning news., 1903-07-03

expected. August sold down "a points
from the best price of the morning,
reaching 12.60c, while the months from
september on showed losses of from 9
10 lS points. Then the list was rallied
Dy renewal of bull support and by
the appearance of heavy rains in Tex.
as accompanied by reports of trouble
as result of boil weevil and other in
seets, though a dispatch from Texas,
circulated this morning, stated that
species of bug had made its appearance
tnat without haFming cotton. was
deadly enemy to the boil weevil. This
report received little attention, how
ever, and all through the afternoon the
market ruled steadier though somewhat
irregular prices recovering some Z to
IA points of their midday losses.
The close was quiet and steady, net
10 points lower TO points higher
Through the entire session July was
idle and closed az 1276c, a loss of 10
points; August closed net 8 points
lower; September 1 point lower and
the later options from to s points
higher. Most of the trading to-day was
undertaken in order II possible to adj
Just speculative accounts to the various
expectations in regard to the govern
ment report to be issued tomorrow,
with estimates of the probable eondi-
ton running from "a to so per cent.
Total sales futures were estimated at
200, 900 bales.
The Savannah morning news., 1903-07-03
THE RICE MARKET,

There is a good inquiry for this ce-
real, transa ctions' for the week being
slightly in excess of previous record
Prices are we'll sustained as the most
careful scrutiny on part of buyers,
fails to reveal any weak spots. The
present course of the market confirms
past predictions of a higher range of
values, for if ans depression existed
trade like everything else, would follow
the line of least resistance.
-Advices from the South note con-
tinued strength on the Atlantic coast
with ready buyers for what little is
offering. At New Orleans. market is
very strong, quiet compared with the
brisk turning over of goods when mar
ket is at it's food, but compared with
present offerings and supply the de-
mand shows no diHlinution. In the
interior, southwest, Louisiana and
Texas offerings are scarce and held at
favorable although the season is back
ward.
Gables and correspondence from
abroad note continuance. of demand:
styles suitable for the United States
are firmly held.
Talmage, New Orleans, telegraphs
Louisiana crop movement to date: Re-
ceipts, rough, 1,521, $50 sacks; last year.
1,45S,6S7 sacks. Sales, cleaned (est), l.
449.O67 pockets; last year. 1880, 2s4
pockets. Market strong; good enquiry;
offerings light
Ta1mage, Charleston, telegraphs
Carolina crop movement to date; Re
eeipts, $685. barrels. Sales, 5000 bar
rels. Market steady; good distributive
demand
The Savannah morning news., 1903-07-03
TRADE AND FINANCE
COTTON MARKETS CLOSE IRREGU-
LAR WITH TENDENCY UPWARD.
SPOT COTTON NEGLECTED..
TUHPENTINE FIRM AND IN GOOD
DEMAND AT AZ 1-4c.

The Demand Came from Both Local
and Foreign Experters, and Was
Sufficient to Absorb the Offerings.
Securities Quoted Lower ON Pay
ment of Dividenda-LOcal and Tel
egraphfc Markets.
The Morning News once,
Thursday, July 2.
The cotton markets ruled firm and
fairly active most of the day, with the
general tendency upward. In the
spot centers little was doing, which has
been the order for some time past. Re-
ports came during the day of damage
from this and that new bug, and re-
ports also of pests had something to do
in imparting strength here and there
TO prices.
The turpentine market closed firm at
47l4c, with the demand good, and the
offerings taken. The inquiry was for
both foreign and domestic account. The
rosin market closed firm and higher,
with the demand good. In. both mar
kets the feeling was one of satisfac-
ton with the demand and prospects.
Securities on the Cotton Exchange.
are being marked lower since the pay
ment of the regular semi-annuaI divi-
dends. Details of the different markets
as follows:
The Savannah morning news., 1903-07-03
NAVAL STORES.

Thursday. July 2.
SPIRITS-The turpentine market did
not show any weakening tendencies
to-day. The opening was firm at 47Ae,
sales, 44S casks, and the closing firm
and unchanged; sales, SO casks. The
demand was from both the foreign and
domestic element, with the inquiry
very satisfactory from home buyers.
Since the partial settlement of the car
penters' strike in the East and the &C
companying prospects of more active
operations in the building, domestic
buyers of spirits have shown a more
decided disposition to enter the mar
ket. TO-day's receipts were $50 casks,
and the exports 1879 casks.
ROSINS-The rosin market opened
firm and unchanged, sales n barrels
and closed &c up on G and below, sales
1902 barrels. Some better demand is
being shown for mediums, which are
now in very fair request. Pales are,
of course. in good demand. The receipts
were 1858 barrels, and the closing s.,
S47 barrels Prices as follows:
The Savannah morning news., 1903-07-03

New York, July 2.-The weather to-
day was quite seasonable. Tempera
lures were higher and there was an abb
sence of rainfall of importance except
on the Texas and Gulf coast. Showers
were forecasted for a good many dis
tricts. Crop accounts were coming in
denoting a much better condition. The
most important fact was news of boil
weevil not doing damage reported@
However, II is contended that the
months of July and August will settle
Just what a factor these will prove.
Meanwhile the trade is nervous and
sentiment mixed. There Is a disinclf-
nation to operate in advance of the
bureau figures tomorrow and expecta-
ton is that condition will be but slight
ly off from the Journal of Commerce.
Sentiment continues bullish on the
prospect of exhausted supplies and un-
certaintIes as to the extent of the
movement of the new cotton. The
market opened unchanged to lower
for the old crop and 1 to higher for
the new Trading was on a small
scale. August weakened "a points early
in the day and then rallied, The new
crop moved up to 10 points during the
morning. Sellers withdrew toward
noon. Alabama crop accounts were
The Savannah morning news., 1903-07-03
COTTON FUTURES.

New York, July 1.-The cotton mar
ket opend steady at an advance Of 3
points to a decline of points and fol-
lowing the call showed continued irreg-
ularity for the time with the old crop
positions showing further weakness
under the lower cables and realizing,
While the new crop months were work.
ed upward to 5 pcints above
the opening under fears Of a
very bullish bureau report
tomorrow and covering. Later,
however. the entire list turned easier
Under liquidation that was more or less
general and which if the bull contin-
gent did not participate in they at
least did not attempt to discourage.
The selling movement was encouraged
by the excellent weather shown on the
morning map and receipts which again
Did fair to turn out slightly better than
The Savannah morning news., 1903-07-03
LIVERPOOL CoTroN MARKET.

Liverpool. July 2, 4 p. m.-Cotton:
Spot, moderate business done prices,
10. points lower; American middling,
fair, 696d; good middling. 6.S0d; mid
ding, Sad; low middling, 6.3Sd; good,
ordinary, 6.0sd; ordinary. 5.sSd, The
sales of the day were 5000 bales, of
which 500 were for speculation and ex-
port and included $500 American. Re-
eeipts, 1,390 bales, no American
Futures opened easy and closed
steady; American middling. good Ordi-
nary clause: July, SAID; July-August,
sad August September, 6.43d; Sep
tember- October, sold; October Novern-
Der, 556d; November December, sad;
Deeember-January. 5.35@5.36d; Janu-
February slid; February March,
533d; March-April, $3.50.
The Savannah morning news., 1903-07-03

Trains arrive Savannah as follows:
No. %, daily, from New York, Wash,
ington and Cincinnati. 61e a. m.
No. 80, daily. from New York and
Washington, $40 p. m.
NO. 30. daily. from all points West
via Jesup, 1859 p. m.
All trains arrive and depart from
the Union Depot
Trains 2s and 30. THE WASHING
TON AND FLORIDA LIMITED.
Nestibuled limited trains, carrying
Pullman Drawing-Toom Sleeping Cars
between Savannah and New York.
Dining Cars serve all meals en- route
Also Pullman Drawing-room Sleeping
Cars between Savannah and Cincin-
rati, through Asheville and THE Land
of the Sky"
For information as to rates. sched-
ules. ETC., apply to
c. H. ACKERT. G. NJ, washington.
D. C.
s. H. HARDw1cK. G. p. A.. WASH
W. H. TAYLoE. A. G. p. A.. ATTAIN
ia, Ca
r. C. BLATTNER, Depot Ticket
Agent, Union Depot, Savannah. Ga,
E. G. THOMSON. C. P. g. T. A, Sa-
varnah. Ga. 141 Bun street. Phones
$50,
The Savannah morning news., 1903-07-03
MONEY MARKET.

New York, July Mooney on call
firm at 3%G6 per cent, closing at AZ o
per cent. Time money easier; sixty
days, 4 per cent; ninety days, per
cent; six months. 3 per cent prime
mercantile paper, 5iz95% per cent
Sterling exchange. firm, with actual
business in bankers bills at s4.sT.300
4,S7.S5 for demand. and at s4.S5106
Ls5.16 for sixty days bills; posted rates,
s4.S5ia and S4ESla; commercial bills,
s4.s4% @4S51s. Bar silver, 52Ac; Next
can dollars, 41c.
The Savannah morning news., 1903-07-03
FINANCIAL.

FOREIGN EXCHANGE - Market
weak. Commercial demand, sterling,
S4.s6A sixty days. SASSY ninety days
1852. French, 5,1sTs; Swiss. sixty days,
52I; Belgian. h21; marks, sixty days,
s4%: ninety days, "a 3-16.
DOMESTIC ~. Y. EXCHANGE
BUY at SOC per $1,000 discount
Sell: Up 70. $500, Toe; SIS to $50, I5e;
$50 to 800 zoe; 800 to $500. 25e $500
$500, 4Oc; $500 to $500. 45c. over $500 at
the rate of 75c per $1,000 premium.
SECURITIES-There is some activi-
~ in the income bonds of the Central
of Georgia. based on the large increase
in gross earnings. Other securities are
Arm, but very little trading,
Bank stocks.
The Savannah morning news., 1903-07-03

Galveston-Firm middling. 12%e;
net receipts, 8; gross, 8; stock, 2,036.
Exports-Great Britain, 5S7; coastwise,
314
Norfolk-steady; middling, 1Sc; net
receipts 2O2; gross, 202; sales, II; stock,
4S2. Exports-Great Britain, 325;
coastwise l.
altimore-Nominal middling. 131zc;
net receipts, 1,401; gross, 1,401; stock.
593. Exports-Coastwise. 1900.
Boston-Quiet; middling, 1Sc; net re-
ceipts, 81; gross. 116. Exports-Great
Britain, IS.
Wilmington-Nominal: stock. S51.
1325c stock, s7S.
savannah-Firm; middling, 121zc;
net receipts, 26; gross, 26; stock, s.
1872.
New Orleans-Quiet and steady;
middling. 1880; net receipts, 1872;
gross. 1,1s2; sales. 325; stock. 71,O4O.
Mobile-Nominal; stock, 1852.
Memphis-Quiet; middling, 13 5-16c:
net receipts, 40; gross, 81; sales, 100;
stock. 3,SS9.
'Augusta-Irregular middling, 13c;
net receipts. Is; gross, Is; sales, 6;
stock, 1911
harleston-Nominal; net receipts,
6; gross, g. stock IS.
NCincinnati-Steady; middling, lie;
net receipts, lis; gross, lis; stock, g.
01s.
*Louisville-Firm; middling. 13hc.
"St. Louis-Steady; middling, 13Ac;
net receipts, 4S; gross, 61S; stock, b.
502
Enthusiastically middling, 12Kc;
net receipts, Az, gross, AZ; sales, IL;
stock, $3.50.
New York-Quiet; middling, 1860;
gross receipts. 1925; sales. 2.O28; stock,
A64,261. Exports-France, 1913.
Total To-day at All Seaports-Net
receipts, 1851; Great Britain, $50;
France, 1923; stock, 249,5 S7.
Consolidated. at All Seaports-Net
receipts, 17.45S; Great Britain, 4,122;
France, 1856; continent, 10.99S.
Total Since Sept. /, at All Seaports-
Net receipts, 1852, 2S7; Great Britain,
2751,O17; France, 1853, 224 continent, o.
7SS95O; Japan, 1876. log. -
Not included in totals.
The Savannah morning news., 1903-07-03
COTTON.

Spot cotton closed firm and un-
changed, with no receipts. The de-
mand was moderate, and the position
of exporters one of indifference, so far
as market operations are concerned.
Very little spot demand exists. In the
f. O. b. market trading was light.
The following were the official spot
quotations at the close of the market
AT the Cotton Exchange to-day:
The Savannah morning news., 1903-07-03

strained, common to good, S2056
2.OTh Turpentine steady, 4s1s assoc.
Charleston, July 2. - Turpentine
steady. 46Ac.
Rosin steady. Quote: A. B. c., sl.45;
D., $3.50: E, sl.55; F., 81 80; c., $1.65:
H., $2.2O; l., $255; X, $2,70; NJ, $3.50;
Wilmington. n. c.. July 2.-Spirits
turpentine steady, 461zc; receipts SO
casks.
Rosin, nothing doing; receipts 412.
Crude turpentine. $L75. $500 and 1928;
receipts 1853.
Tar firm, $1.65: receipts 40.
The Savannah morning news., 1903-07-03
DRY GOODS.

New York. July 2-The dry goods
market is practically at a standstill,
and is likely TO be in this same condi-
ton until after the Fourth. Buyers
will operate in a very conservative
manner, as long as prices continue en-
their present high level. Buyers are
paying practically as high prices as
are quoted, but no speculation will be
INDUCED in under present conditions.
The Savannah morning news., 1903-07-03
Savannah Bank
and Trust Go.
Capital. $35O.OOO.

JOSEPH ID. WEED, President.
JOHN c. ROWLAND, Vice President.
VIM. F. MeCAULEY, Cashier.
SAML. L. CLAY, Assistant Cashier.
general banking and exchange
business transacted.
savings Department., interest
computed quarterly.
Accounts of merchants, banks
and corporations solicited.
American xpress COmpany'a let
teFs of credit Issued available in all
parts of the world.
COLLECTIONS carefully made and
promptly accounted for.
Safety Deposit Boxes and Storage
Vaults for rent.
Correspondence invited.
The Savannah morning news., 1903-07-03
A. 3. BAXTER & CO, INC.

successors to Murphy q Co.,
Board of Trade Building, Savannah.
FriVate leased wires direct to New
1erk. Chicago and New Orleans
COTTON. STOCKS AND GRAIN.
Ne~ York ONCE. No. 81 Broadway.
On1ees IN principal cities throughout
we south. Write for our market man
SaI and book containing instruction
The Savannah morning news., 1903-07-03

BETWEEN SAVANNAH AND TY-
BEE.
Trains arrive at and depart from
Iybee depot, Randolph street. foot Of
President.
Standard Goth meridian) time, one
hour slower than Savannah city time.
LEAVE SAVANNAH.
week Days-5:45 am, 800 am, 2:S0 .
m, AIS pm, 500 pm, 7:40 pm.
Sundays-T:25 am, 200 am, HOO am,
2;S0 pm, AIS pm, 500 pm, TAO pm.
LEAVE .TYBEE.
Week Days-5:00 am, 700 am, 9:55 a
m, 500 pm, $50 pm, 800 pm.
Sundays 100 am, Sis am, 955 am
1150 am. 500 pm, $50 pm, 500 pm.
Daily. tExcept Sunday. SUNDAY
only.
Connections made at terminal points
with all trains Northwest. West and
Southwest
"A" Trains leaving Savannah at s:45
a. m. and arriving Savannah $40 p. m.
do not make connection for or from
Augusta on Sundays.
Sleeping cars on night trains between
Savannah and Augusta, Macon, At
lanta, Columbus, Ga, and Birming-
ham, Ala.
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. .~-
&c. HALLE, Gen. Pass. Agent.
F. ]. ROBINSON. Asst. Gen1 Pass.
Agent.
W. A. WINBIRN, Vice President
and Traffic Manager.
THEO. ID. KLINE, General Supt.
Savannah Ga
The Savannah morning news., 1903-07-03
FINANCIAL.
HARRIS, GATES & co.
MEMBER9.

NEW YORK STOCK EXCHANGE
NEW YORK COTTON EXCHANGE.
new YORK, PRODUCE EXCHANGE
CHICAGO STOCK EXCHANGE.
CHICAGO BOARD OF TRADE,
KEW YORK COFFEE EXCHANGE.
COTTON DEPARTMENT 10 Wall St..
orders solicited for Future Deliveries.
The Savannah morning news., 1903-07-03

hopeful. Cables were to 10 lower A
leading firm published reports indicat-
ing rs general condition.
The Savannah morning news., 1903-07-03
SEA ISLAND COTTON.

The sea island cotton market closed
quiet the past week, with little doing
in any quarter. The demand was good,
prices in view Of the statistical, position
OF the article, and the poor prospects
for a full crop. There Is in sight 1922
The Savannah morning news., 1903-07-03
STOCKS AND BONDS.

New York, July 2.-Another specula-
tive anticipation was disappointed by
The Savannah morning news., 1903-07-03

AT. savannah, sunday OnIy..... 3 I5am
Lv. Savannah. Sunday only .....6 50pm
Ar. Statesboro, Sunday only 8 00pm
Train leaving Statesboro $40 a. m.
daily except Sunday connects with S.
A. L. Train II going west.
Another train connecting at Cuyler
leaves Savannah 1900 a. m. arrive
Statesboro. 10 a. m. Leave Statesboro
4 p. M. arrive Savannah $3.50 p. m.
Shortest and Quickest Route
The Savannah morning news., 1903-07-03
NEW ORLEANS COTTON MARKET.

Cotton futures opened steady and
closed quiet and steady.
The Savannah morning news., 1903-07-03
Atlantic CoasfLine Railroad Co.


.45 NORTH soUTH So 80 .a5 rs "a
The Savannah morning news., 1903-07-03
Southern
" -.
Railway.

Trains arrive and depart Savannah
by S0th meridian time-one hour slow
er than city time.
Schedule effective June Il, 1908.
10 THE NORTH AND EAST