davidaulloa/AmericanStories huggingface dataset:
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-17
Baxter and Co.'s Cotton Letter.

New York, Oct. 16.-The Liverpool
market this morning showed a good
advance and the weather in the South
west was the coolest yet, freezing
weather being reported at Amarillo.
Tex, where no cotton is grown. The
forecast was for rain generally and
some points reported moisture, more
especially at Galveston, where the
weather was rainy. The main point
was that the movement makes no gain
as compared with last year, and this
in itself is enough to leave bulls mas
ters of the situation. The old cry of
holding back is heard again, but the
holding back is always heard more or
less every season, and the disposition
is to be governed by what the move
ment shows, rather than explanations
of how the situation has been brought
about. Early prices were 8 to Is points
higher. Shorts covered on frost scare,
especially as the indications were for
frost tonight in Texas and surround
ing country and rain in the Atlantic
and Gulf states and cooler in the lat
ter. Liverpool gained 8 to IL points
to-day. The amount in sight for the
week was some $4,000 bales less than
last years, and last years total over
600, 900 ahead of this year to the pres
ent time. Estimated ports to-day A.
900 bales, against $4,000 last year. Esti-
mates for tomorrow: Houston, II, 900
to IL, 600, against 14758 last. year. Gal
weston, 5000 to 1900, against 1902.
New Orleans, 5000 to $500, against IA
Rag
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-17
REVIEW OF MARKETS
max OF GENERAL TRADE
DrRING THE PAST WEEK.
COTTON FUTURES ADVANCE.
-, YORK SHOOTS UP ON BUYING
FROM IS TO rs POINTS.

D.mnnd and Poorer Crop Ac-
mis- Given as the Cause of IA
wsher MarISet-Turpentine Firm
,cc-RosinS Steady, With De-
M Fair-LocaI and Telegraphlc
Markets.
The Morning News Office,
Friday, Oct. 16.
nh. cotton futures market started
.,,ord to-day and in a short time
'ors5 gains at New York from IS to
=. roints. and proportionate gains al
- at New Orleans. The market was
..,one and active, and buying was of
~ hest character during the late
hours. the support being bad crop re-
oorts and prospect for better de-
nand from spinners.
The spot market also showed the
effects of the stimulus impaired by the
rise in contracts, and there was con-
siderable trading here and in the in
,arior. In the f. o. b. market the de-
mand was also good, with the current
ouotations for basis good middling
o 13-l6C, ana the country reSerVeo
,hout even selling at this price. The
interior appears to have decided some
davs ago that the market was to have
an advance, and since then it has
been difficult to get cotton at other
than full prices.
Turpentine closed firm at SEC, with
the demand good and the offerings
taken. During the week the market
suffered some, the price dropping con-
siderably on the light demand from
exporters but later an Improvement
was shown and the market responded
quickly to the better inquiry. Resins
closed steady, with the demand fair.
During the week prices on the bet
Ter grades were irregular owing to
the unevenness of the demand.
The bank clearings were $5,592, APO. SO,
against $4,317, 631.21 for the CORE
sbondng week last year. Details of
the different markets follow:
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-17

large crop. That is, crop larger than
the trade requirements. Estimates are
gradually being reduced, and many do
not regard yield larger than last year
as altogether beyond question. The
crop news is first and has been suffi-
GENTLY stimulating to swing shorts into
line. Some very heavy short buying
has been a feature of the week. The
short interest is still large and this
may cause higher prices before the end
of the month. The local stock is down
to $1,000 bales, and is being moved out
rapidly. AS far as the cotton market
goes, there is nothing in the situation
to encourage short selling through the
prospect of a surplus from this year,
crop. From the best that can be learn-
ed the crop will not furnish much more
than the cotton necessary for mills.
While the unsatisfactory condition of
finances and the declining prices of
copper and steel tend to make one ner-
vous on an advance of We. The under
lying factors in the cotton situation are
not in favor of lower prices 1t Is still
the season Of plenty, when the crop is
being marketed, and for this reason
conservatism is the policy of wisdom.
On break from these points, we would
buy moderately and feel that those who
buy on declines will be able to get out
with profits, as cotton is likely to sell
much higher later on. The majority
are not in favor of short selling.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-17
NEW ORLEANS COTTON MARKET.

New Orleans, Oct 16.-Spot cotton
in good demand at full prices. Quo
tations advanced 3-16.
Unexpectedly firm Liverpool and ex-
tremely bad weather condition in
Texas, cold and wet, with killing frost
lines extending well down into the cot
ton belt, gave shorts a shock this
morning. At the opening, prices were
Is to II points higher than yester-
days close and continued very firm
to the close, frightened shorts forcing
values up on themselves more than
longs forced them up by fresh buy
ing. When the session ended the list
showed net gains on October of 20
points; November and December Fl
each and the balance of the list IS
to 90
Futures closed steady; October, $500
$3.50; November, s.56Q9. Soc; December,
9.55c; January, 9.61@9.61c; February,
9.65@9.67c; March, 9.75@9.76c; April,
9.s29S.S4c; May, 9.S7@9.SSc; June, 1910
9.93c; July, 9.96@9.97c.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-17

son that have elapsed the aggregate
is behind the same days of last year
$4,000 and ahead of the same days
year before. last, 1000,
The amount brought into sight dur
ing the past week has been 394942 bales
against 449, 4S6 for the same seven
days last year, and 47S,212 year before
last.
The movement since Sept. / shows
receipts at all United States ports to
be 1.646, 1856 against 1,57S.SS1 last year.
Overland across the Mississippi, Ohio
and Potomac rivers to northern mills
and Canada, 1887, against, 1928 last
year; interior stocks in excess of those
held at the close of the commercial year,
142,646, against 2S5,472 last year; South
ern mill takings, $4,000 against 2S9, 500
last year.
These make the total movement for
the forty-six days of the season from
Sept. ! to date, 1,646,186 against, $685.
091 last year.
Foreign exports for the week have
teen, 271,091 against, 21S.006 last year,
making the total thus far for the sea-
sen, 775,2H, against 1,03S. 1893 last year,
a decrease of 26S. 695.
Stocks al the sea aboard, and the twen-
ty-nine leading Southern interior towns
have increased during the week, IS,
1874, against, an increase during the
corresponding period last season OF
1880, and are now, 296,514 less than
at this date in 1902.
Including stocks left over at ports
and interior towns from the last crop
and the number of bales brought into
sight thus far for the new crop. the
supply to date is 1,S13,9S5 against O.
45O,l65 for the same period last year.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-17

Trains arrive Savannah as follows:
No. %. daily, from New York. Wash
ngton and Cincinnati, $40 a. m.
NO. 80, daily. from New York and
washington 900 2. m.
No: 50, daily. from all points West.
via Jesup, 1859 D. M.
All trains arrive and depart from
the UnioL Depot.
Trains 20 and 80. THE WASHING
TON AND FLORIDA LIMITED
Nestibuled limited trains. carrying
Pullman Drawing-room Sleeping Cars
between Savannah and New York.
Dining Cars serve all meals en- route.
Also Pullmfn DrawIng-room Sleeping
Cars between Savannah and Cincin-
rati, through Asheville and ''rhs Land
of he Sky"
For information an to rates. sched-
uleS. etc, apply to
c. II. AcKERT. q. NJ, washington,
d. c.
T. 8; H Z G. P. A.. Wash
W: Il. TAYIoE. A. g. p. A.. Attain
Ia, Ga.
r. c. BLATTNER, Depot Ticket
Agent, Union Depot, Savannah, Ga.
E. G. THOMSON. c. p. & T. A.. Sa-
varnah. Ga. III Bun street. Phones
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-17
Weekly Movement

enthusiastically; middling, 9ssc;
net receipts, 13,24S; gross, 13,24S; sales,
1887.
Norfolk-steady; middling. 9 11-16c;
net receipts, 3,4S1; gross, 3,4Sl; sales,
3472
Baltimore-Nominal; middling, 1850;
net receipts, 80; gross. $3.50; stock, L.
o52 Exports--Great Britain, 1921; con-
tinent 5000
Bostoh-Quiet; middling. 9.Soc; net
receipts, 500 gross, 10,040. Exports
Great Britain, S.003.
ilmington-Steady; middling, 950e :;
net receipts, 2,449; gross, 2,449; sales,
a. stock, 27,16S. Exports-Coastwise,
Philadelphia Steady; middling,
5do..I5ci net receipts, "a; gross, "A; stock,
Savannah-Firm; middling, CSC; net
receipts, 10,964; gross. 10964; sales, 1877;
stock, 70,429. Exports-Coastwise, A.
New Orleans-Firm; middling, 9%c;
,st receipts, 1924; gross 11,619; sales,
SVOO; stock, 97,031. Exports--Coastwise,
", continent. 1919.
Mohile-Firm; middling, 9hc; net re-
selpts' 2,S79; gross, 1878; sales, 300;
@ock, 1875 Exports-Coastwise 800;
continent, 4.491.
Memphis-Firm; middling, 9 13-16c;
Set receipts, 1885; gross, APIS; sales, g.
|0O stock. 20, 461.
Augusta-Steady; middling. CSC;
Te 6o. receipts, 3,34S; gross, S,403; sales,
"Vzo; stock, 1S,224
Cnarleston-Firm;. middling, 9Ac; net
steipts, 2,3S1; gross, 1881; sales, zoo;
stock 1888
.'Cincinnati--Dull; middling, lie; net
eteelpts, So; gross, Sc; stock, spa.
oLouisville--Firm middling, SAC; net
sttoeeilpts, 1Sl; gross, 1871; sales, 14o;
r. ,st. Louis--Firm; middling, s%c; net
stelpts, 121; gross, 763; sales, 1o2;
stock, 964.
.oHF.ouston-Firm; middling. CSC; net
s01 pls, LISP; gross, 11.752; sales, l.
O0s stock. 24,755.
gr New York-Steady; middling, s.90c;
Ia spS IS receipts, SAT-; sales, 9l7; stock
.Wilmngton--Add 7,4O1 bales to net
eSSeipts for week.
3oo nm Francisco-Add net 300; gross,
Tot a,oG OK -; exports. Japan, 300.
csi SI,aI To-day at All Sea orts-Net re-
ointment, S6,467; stock. 437. 465.
o.G,onsolidated, at All Seaports-Net re-
Frapls' 00l $40; Great Britain, 1880;
rance, 1902 continent, 1879.
Total Since Sept. /. at All Seaports-
no t a., receipts. 1,246,3ss; Great Britain,
65 522'2 y France, 9S.S44: continent. $685.
Japan, 800.
'ot included In totals.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-17
LIVERPOOL COTTON MARKET.

Liverpool, Oct. 16.-Cotton, spot,
moderate business done; prices to
s points higher; American middling
fair, 6.26d; good middling, 6.0Sd; mid
ding. 5.94d low middling, 5.S2d; good
ordinary, 5.5od; ordinary, 5.30d. The
sales of the day were 1000 bales, of
which 500 were for speculation and
export and included $500 American.
Receipts, 5000 bales, including $500
American. Futures opened firm and
closed steady; American middling g.
o. c: October, SAID; October Novem-
Der, 5.28@529d; November December,
5.22@5,23d; December January, 5000
Sid; January February, SID; Feb
ruary- March, 519d; March-April, $50
Sod Aprll-May, SOD; May-June,
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-17
NAVAL STORES.
Friday. Oct. 1s.

Friday, Oct. 16
TURPENTINE-The turpentine mar
ket opened firm at 55%c, sales, SO
casks, and closed firm at SEC, sales, 70
casks. The demand was good at the ad-
vance, and the offerings in factors
hands taken. Exporters showed more
interest in the market than probably at
any time during the week. The i'm
preston among factors is that the re-
a decrease, and a full maintenance OF
the market is, therefore, expected. To-
days receipts were col casks. and the
exports none.
ROS1NS-The rosin market closed
steady at the prices below. The de-
mand was moderate all day. The open
ing was quiet, sales, 524 barrels, and
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-17
WORLDS VISIBLE SUPPLY.

New Orleans, Oct 16.-Secretary
Hester's statement of the worlds Wis
ible supply of cotton issued to-day
shows the total visible to be 1927, 1882,
against 1,6OS,767 last week, and $780,
AIS last year. OF this the total
American cotton is 1,325,3S2, against l.
O97, All last week, and 1863, 41S last year,
and Of all other kinds, including
Egypt, Brazil, India. etc, 502, 900,
against 5O6,0O0 last week, and 441, 900
last year.
OF the worlds visible supply of cot
ton there is now afoat and held in
Great Britain and Continental Europe,
$4,000. against 1,122.000 last year;
Egypt, $4,000, against $4,000 last year;
in India, $4,000. against 100000 last
year, and in the United States. 6Oe, 600
against $4,000 last year.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-17
COTTON.

Spot cotton closed firm, with the de-
mand good and factors able to get full
quotations for the offerings. In the +.
o. b. market sales were freely made
around 1850 for basis good middling.
The country We're moderate sellers,
though not eager in view of the general
opinion that prevails that cotton is
scheduled for an early advance.
The following were the official spot
quotations at the close of the market
al the Cotton Exchange to-day:
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-17
DRY GOops.

New York, Oct. ia slightly better
undertone is evidenced in the market
for staple cotton, in dry goods, but
buyers are trying to purchase at prices
considerably under the current level
and succeeding in certain instances, are
inclined to wait until they are sure
bottom has been reached Jobbers are
doing a quiet store business.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-17
1903. [ 1902.
HEsTER's WEEKLY STATEMENT.

New Orleans. Oct. 16.-Secretary
Hester's weekly cotton statement is
sued to-day shows for the sixteen days
of October a decrease under last year
OF SO. 600 and decrease under the same
period year before last Of 10000.
For the forty-six days of the sea-
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-17
Savannah Bank
and Trust Go.
Capital. $35O,OOO.

JOSEPH ID. WEED, President.
JOHN c. ROWLAND, Vice President.
VIM. F. MecAULEY, Cashier.
A general banking and exchange
business transacted.
Savings Department., interest
computed quarterly.
Accounts of merchants, banks
ana corporations solicited.
American xpress COmpany's let
ters 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. (Savannah, Ga.) 1900-current, 1903-10-17
MONEY MARKET.

New York. Oct. 16.-Prime mercantile
paper, 51k96 per cent. Sterling ex-
change steady, with. actual business in
bankers bills at S4.S5.55QS4.S5.60 for de-
mand and at $4.S2.35@4,S 40 for sixty
day bills. Posted rates, $4S364S6jz.
Commercial bills, $4S21s. Bar silver
60Mc; Mexican dollars, 461ac. Govern
ment bonds steady; railroad bonds
firm.
Money on call steady; lowest, IL per
cent; highest, "a; last loan, 2; closing
bid, /: offered at 2. Time loans easy:
sixty days. 4 per cent; ninety days,
AMOS; six months, 4%65.
WEEKLY BANK CLEARINGs. 9
New York, Oct. 16.-The following
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-17

MeTdlQDIS Z Miners transportation Go
STEAMSHIP LINES
To Baltimore & Philadelphia
Tickets on Sale to All Points North
and West
First-class tickets include meals and
berths Savannah to Baltimore and
Philadelphia. Accommodation and
cuisine unequaled.
The steamships of this company are
appointed to sail from Savannah az
follows Central Standard Ttme):
TO BALTIMORE.
ITASCA, Capt. Foster, SATURDAY,
Oct. II. 2 p. m.
TO PHILADELPHIA.
BERKSHIRE, Capt. Hudgins, SAT-
URDAY, Oct. II, p. m.
ALLEGHANY, Capt. Chase, WE'D
NESDAY. Oct. 81, p. m.
LEXINGTON, Capt. Kirwan, SATUR-
DAY, Oct. "a, p. m.
Ticket Office No. 112 Bull street.
J. w. SMITH, Agent. -r'
Savannah, Ga
w. P. TURNER, G. p. A.
A. D. STEBBINS, G. NJ.
J. c. WHITNEY, I'd v. p. ana 7. M.
General Offices. Baltimore. Nd.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-17

New York, Oct. 16.-Spot cotton closed
steady, 10 points advanced; middling
uplands, 9.9Oc; middling Gulf, 1O.15c;
sales 927 bales.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-17
FINANCIAL.

Bank stocks are not onering freely.
DOMESTIC N. Y. EXCHANGE
Buying nc discount. ffa
Selling: SIS and under. 10c premium;
S25 to $50, 15c premium; $50 to 800, zoe
premium; 500 to $500. s5o premium;
5000 and over, par.
FOREIGN EXCHANGE - Market
weak Commercial demand, sterling,
$4.S4.25; sixty days, 81 s0.75; ninety
days, $4.79.25; French, 522N; Belgian.
5.2S%; marks, sixty days, "a 1882;
ninety days, 80 1915.
The following are the Savannah Cot
ton Exchange quotations: T''''
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-17
WEEKLY COTTON REPORTS.

Receipts Ports Past Week-The fol-
lowing tables shows receipts at all U.
S. ports for the past week and the
corresponding week last year:
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-17

the closing steady and unchanged,
sales, 1,O43 barrels. Pales continue in
good request. The belief is in some
quarters that considerable lots of these
grades are being withheld in the coun-
try to be offered at higher prices. To-
days receipts were 2,766 barrels, and
the exports I'LL barrels. Prices as
follows:
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-17
HARRIS, GATES & CO.

IEw YORK STOCK EXCHANGE.
SEW YORK COTTON EXCHANGE.
NEW YORK PRODUCE EXCHANGE
cuTcAGO STOCK EXCHANGE.
CHICAGO BOARD OF TRADE:
C5S0TToN DEPARTMENT 10 Wall St,
New York. 1.,,.-
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-17
Week Ending Oct. Is:

New York, Oct. 1.-THE following
statistics on the movement of cotton
for the week ending Oct. Is were COM
piled by the New York Cotton Ex-
change:
Weekly Movement
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-17
A. q. BAXTER & CO. ING,

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.
On1ces In principal cities throughout,
the South. Write for our market man
ual and book containing instruction
for traders.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-17

Charleston, S. C., Oct. 16.-Sea island
cotton: Receipts, 326 bags; sales, 1877
exports domestic millsI so; stock,
CSC.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-17

New YOrk, OCT. Ib.-RoSIn MIMI
strained common to good, $2.40Q2.45.
Turpentine firm at 601A@61c. 70 Z n
Charleston, 8. c.. Oct. 16.--Turpen-
tine, -, 55; rosin, steady; A. B. G,
$2.05; ID. $2.15; Z, $2.25; f, $40; G.,
S245; H, $3.50; l, $315; X, 1915; NJ.
SO 30; N, 1885, w. G, $405; w w,
$4.35
wilmington, N. c.. Oct. 16.-Turpen-
tine quiet, 55%c; receipts IS.
Rosin firm, $2.05; receipts 1924.
Tar firm, $3.50; receipts 122.
Crude turpentine, $2.25; receipts, 49,
New Orleans, Oct. 16.-Recelpts,
rosin, 14S barrels: turpentine. IS. Ex-
ports Genoa, rosin, 1850.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-17

AN' OtdIeSDOIOb SUNDAY only .s..I OUdHl
Ar. Savannah, Sunday only .....9 45am
Lv. Savannah, Sunday only. 45pm
Ar Statesboro, Sunday only. 6 00pm
Train leaving Statesboro 6:10 a. m.
daily except Sunday connects with S.
A. L. Train II going west.
Another train connecting at Cuyler,
leaves Savannah 100 a. m, arrive
Statesboro. 10 a. N. Leave Statesboro
p. M, arrive Savannah $3.50 p. m.
Shortest and Quickest Route
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-17
SPOT COTTON AT NEW YORK.

Futures opened firm: closed steady.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-17

SEA ISLAND COTTON.
market closed steady. The de-
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-17
Railroads and IndustriaIs.

Chat. and Gulf r. r. per
cent. LIST mortgage ......100 1903
&c. Of Ga. con. IS, ts45; M "a
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-17

mand was fair, and the market mod.
erately active.
prinnS oh
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-17

Continued on Tenth Page
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-17
Atlantic Coast Line Railroad Co.

EFFECTIVE SEPT 81. 1903.
Trains Operated by Goth Meridian Slower
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-17

New York. Oct. 1.-THE following
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-17

Market firm: sales, 787
The midland journal. (Rising Sun, Md.) 1885-1947, 1903-07-17
ENTERING THE CAPITOL.
Strangers Are Easily Distinguish d
by the Way They Ascend
The steps.

when you see man or woman
climbing the steps to the west front of
the capitol you may bet he or she is a
stranger in Washington" said an old
attache of the national capitol build
ing, according to the Washington Star.
"Ninety-nine out of 100 persons who
enter the capitol from the west are
persons who are paying their first visit
to the building; depend upon it. After
they are here awhile they will make
the pilgrimage by car and land them
selves around on the east side, and thus
escape climbing so many steps. Strang-
ers invariably think the west side of
the capitol is the front.
"At the last session of congress no.
ticed one day man enter the corrid or
putting and blowing and trying to catch
his breath. When he cooled off suf-
ficiently to- talk corherently he gasped:
"'Will you direct me to the house of
representatives.
81 did so, and he passed on. The next
day | saw him enter from the east side
with a western congressman. The fell
low was perfectly passive, and seemed
pleased that he had found the easiest
way of getting to the capitol. 1t was
evident that the trip to the capitol had
been made in street car which landed
him on the hill, and that the congress
man had put him on"