davidaulloa/AmericanStories huggingface dataset:
The Savannah morning news., 1903-09-25

ket wallowed in slough of despond to-
day. Prices crumbled away first here
and then there, and the closing show
ed a resumption of the tone of democrat
ization which characterized the mar
kets of July. The break in prices was
unaccounted for by any new develop
ments. All news whether good or bad
was interrupted in an unfavorable way
by discouraged traders.
The relief measure of the United
States Treasury announced yesterday
which seems to make $20.000,000 readily
available to the money market was
used by the traders on the Stock Ex
change to insinuate dark possibilities
undisclosed in the situation which
made necessary this unexpected meas
ure of relief The air was full of ru-
mors of something overhanging the
market" Diligent inquiry in the bank
ing community and in brokers' Offices
failed to disclose any definite informa-
ton of this mysterious something. The
persistent and urgent character OF the
selling. however, gave force to the iu-
mors and kept sentiment disturbed and
nervous all day.
The futility of the treasury relief
measure to afford comfort to holders
of securities as well as the prevailing
low rate for money is pre- a. reliable
indication that the trouble is not with
the money condition. Those who can
borrow money at all can borrow II on
reasonable terms. This points to the
conclusion that those who are being
forced into liquidation are those who
cannot borrow money on any terms,
al least for employment in the projects
for which they seek funds. 1t was re-
ported also that some of the large COM
mission houses, which have carried
long standing accounts, have grow
tired Of failures to respond to repeated
calls for additional margins end have
been selling out some very extensive
accounts. United States Steel prefer
red. which was the sensation OF the
days market, was said to he affected
in this way The growing realization
OF and the increasing frankress of the
admission as TO the contraction I'm the
iron and steel trade Of course aggra-
waited the weakness OF this stock. The
downward plunge in United Stateq
Steel preferred at the last carried Il
TO SO. where II closed at a net loss Of
AZ per cent. Losses ran 10 about
points IN Baltimore and Ohio. Reading
Union Pacific and ST. Paul, which gere
among those most acutelV laffe ted
Losses Of ] 10 over points we're quite
general throughout the list. The mar
ket closed aetiyesand wealosat the low
est 4o
Bonds were weak IN sympathy wits
stocks Total sales par value &2.7G00Oo
United States ~ declined = per cent.
on me laHt call.
Total sales ~ stocks to-day were So
600 shares. Including Aichison. TO-
to0i Baltimore and Ohio $780, Ca
The Savannah morning news., 1903-09-25
NEW ORLEANS COTTON MARKET.

New Orleans, Sept. 24-Cotton flu
lures very steady; Sept. 973c; October,
9.32@9.33c; November, 9.24@9.25c; De-
eenber, 9.23@924c; January. 927@9.2Sc;
February, 930@931 March, 9.36@9.37c.
SPOT cotton was very quiet. AL
though the country has been steadily
lowering prices for several days. the
offerings from the same source to-
day were quite liberal at from * to
3-16c lower than yesterdays quota
tons. 1t is said, however, that but
few buyers were found even at those
figures There is no demand for Sep
TENDER shipments and buyers claim
that they can buy middling below
board prices if they had the orders.
Sales 1850 bales, including $50 to ar
rive. Quotations reduced Nc.
Futures opened weak. Compared
with yesterdays close September was
Is points lower and the balance of the
list 4 to points. Profit-taking by
shorts steadied the market and car
ried prices to within a point or two
of the closing of yesterday but the
Improvement could not hold under the
strong bear conditions-unfavora
cables, exceptionally fine weather,
heavy receipts and the weakness of
spots. Consequently about noon prices
began to recede, the decline continuing
to the close with slight fluctuations.
The net losses were, September, 25
points; October IA November and De-
cember, Is each; January, II; Febru-
ary, 10 and March, 8.
The Savannah morning news., 1903-09-25
NAVAL STORES.

Thursday, Sept. "a.
SPIRITS-The turpentine market did
not have an assuredly firm foundation
to-day, though there was no general ac-
ceptance of lower prices, at which ex-
porters were expecting to take over at
least a portion of the offerings. The
opening was steady at Sc sales, 80
casks, and the closing quiet and I'M
changed. sales 10S casks. The lack of
a strong demand told in the weaker
feeling which existed. The condition
of the turpentine market for some time
has created confidence among fac
tors which inclines them not to accept
lower bids until all prospects of getting
the better prices have vanished. To
some extent it was a waiting market
to-day, with buyers bidding lower and
hoping that accommodations will compel
factors to let go, while factors held on
in the hope that the comparatively
small receipts at present will not force
them to accept other than full quota
tons. The receipts were 343 casks, and
the exports 20 casks.
ROSINS-Much interest was felt in
to-day's rosin market, for it has been
known for some time that prices are
soon to be of11cially marked up. The
question is when will it be done. Ii
is an open secret that resins have all
week been bringing higher than the
official prices. To-day's opening was
firm and unchanged from yesterday,
sales. asa barrels, and the closing firm
and unchanged, no sales. Prices as fol-
lows:
The Savannah morning news., 1903-09-25

New York, Sept. 24.-So far as re-
CARDS the weather the situation to-
day was satisfactory for the progress
of the crop. The cold weather fore
casted did not appear, and when the
market opened there was no sign of
anything approximating a cold wave
Sentiment was bullish because of the
certainty of crop being short, but ow-
ing to the unsettled situation in Wall
street cotton people seemed to believe
that prices might suffer a bit, while
expressing confidence in a higher
market based upon the cotton Situa-
ton itself. Small weak longs have been
getting out of late, but the general
situation has undergone no change and
the certainty of a bullish bureau re-
port on Oct. 3 precents abandonment
of the bull position. Prices were lower
this morning, especially for Septem-
Der delivery. Receipts at the ports
were running pretty free, $4,000 against
Al, 900 last year. Bears are making
much of the increased movement, but
it must be remembered that without a
heavy increase there will be little cot
ton at all. Planters are understood. to
be marketing freely in all directions
and there will be plenty of time to view
the movement with alarm when the
figures exceed last years. Cables were
to II points lower. Manchester was
dull and easier North Carolina, Ala
baina and Mississippi crop news was
quite bullish.
Estimates for tomorrow, 1920 to
1850, against 1888 last year: New Or
leans, 5000 to $780, against S,215;, Gal
weston, 11,000 to $4,000, against 19,2O4.
The Savannah morning news., 1903-09-25

in stocks was the feature of the day.
AS was to be expected this carried cot
ton to new low level. December sold
down to 9.44c. There was no support
save that furnished by the short inter-
est. The trouble is that people have
no money for speculation. Money is too
valuable and is in too great demand
Tor legitimate business. There is no
buying power behind the situation.
This was evident several days ago and
1t grows more evident every day. AS
we said yesterday news from the
South could make one bullish under
ordinary circumstances, but with out
side influences as they are to-day. 1t
makes one very cautious. Prices are
rather high when you go back a few
years. Very high when you look
at the prices of stocks. Some of the
best stock on the list are selling at a
and and some at a 7-per-cent ba-
sis, and yet the feeling in the finan-
cial community is very, very blue We
fail to see in the outlook that which
is necessary to make one a bull on
cotton or anything else. Everything
outside is against the market. Cotton
is coming in in large blocks. If the
crop is only II 100000 bales there would
be rush for il a while. This will tend
to ease the situation. AS far as the
outlook goes, there is very little in
ducement to buy except on a good
break and then take quick profits.
On bulge. we would be inclined to
sell. The trade has been hurt by the
cotton corner. Badly hurt. All this
will make itself felt in time Cotton
has been bulled for three years. We
would be very cautious about buying
very much just at the moment.
The Savannah morning news., 1903-09-25
FINANCIAL.

Local Share Tnading-In the local
share market trading continues quiet
The demand for good shares is salts
factory, but the offerings are small
The better class of bank stocks are
being closely held, while few other
regular 6 per cent. payers are to be
had for less than full prices. The
fact that few securities are being
forced upon the market is taken as a
good indication among business men,
who realize in the ability Of hold
ers to swing on to their property
prosperity among them, and also con-
fidence in their management and fu-
ture prospects
DOMESTIC n. Y. EXCHANGE
Buying &c discount.
Selling: $25 and under, 10c premium;
S25 to $50, 15c premium; $50 to 800, zoe
premium; 300 to $500, 35c premium:
$500 and over, par
FOREIGN EXCHANGE - Market
firm. Commercial demand sterling.
$4.S5.45; sixty days, $4S1@; ninety
days, $3.50; French, $5.22A; Swiss,
sixty days, 5.215s; Belgian, 523M;
marks, sixty days, "a 7-16; ninety days,
941s.
The following are the Savannah Cot
ton Exchange quotations:
.. Bank Stocks.
The Savannah morning news., 1903-09-25
COTTON FUTURES.

New York, Sept. 24.-The cotton mar
ket opened steady at u decline of 9
points to an advance of ! point, but
almost Immediately showed weakness,
breaking sharply under further liqui-
dation and bear pressure, ENCOURAGED
by the weakness of Liverpool cables,
the generally clear weather over the
belt, expectation of further increases
In the movement and reports of cotton
headed here from the South for de-
livery on nearby contracts. The early
decline was led by September and Oc-
tober, while the winter months for a
time showed resistance to pressure
but soon yielded with the other posi-
tons. September sold down to 11.10c
while October reached 9.53c, and the
general list showed declines ranging
from to IA points. At this level there
was demand for covering, and a re-
dictionary tendency was promoted by
estimates for receipts at to-morrows
leading ports calling for amounts
somewhat lower than expected. 1t
was also argued that some betterment
would be natural after the recent
break and there seemed to be good
demand for December and January
under 9.50c. The result was an up
turn which carried prices back to
about last nights finals, but
as the reports from Southern spot
markets began to come in reporting
general declines, the selling increased
again and in the late session the mar
ket ruled weak, particularly for Octo-
Der which sold down to 9.43c, closing
at that figure. The market was final
ly easy, net 8 to 20 points lower To-
tai sales estimated at 800, 900 bales, rep
resenting an active days business.
Sentiment during the entire session
was nervous, and there was consider
able excitement, particularly during
the afternoon decline.
Cotton Futures at New York, Sept.
The Savannah morning news., 1903-09-25

Trains arrive Savannah as follows:
No. 20, daily, from New York, WASH
ngton and Cincinnati, $40 a. m.
No. 80, daily. from New York ana
Washington, $40 p. m.
No. So, daily, from all points West
via Jesup, 1859 o. IN.
All trains arrive and depart IRON
The Union Depot.
Trains 20 and 30. THE WASHING
TON AND FLORIDA LIMITED.
XeStibuled limited trains, carrying
Pullman Drawing-room 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 he Sky
For Information as to rates. sched-
ulezs ETC.. apply to
C. II. ACKERT. G. NJ, washington.
D. c.
8, H. HARDwIcK, q. p. A.. Wash
inGt0n. D. C.
W. H. TAYLoE. 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, Ca, 141 Bun street. Phones
$50
The Savannah morning news., 1903-09-25
SEA ISLAND COTTON.

The sea island cotton market has
not yet opened up. few scattering
transactions have been reported ou'
the sales have not represented inc
handling Of enough cotton to form a
trading basis vet The topic OF trade
interest during the week WAS the
storm. and the damage reported "a
tho sen island crop IN different sections
Damage hos undoubtedly been done
but the extent Of n is yet 10 be ascer-
iained. Some believe that the quhllty
more than the quantity 81 the ffol
VIII b. affected. Both Georgia and
Florida report damage 20 cotton
Prices shout al follows,
AaAcg FioFldas .,...s...,,,.,.zi 4zz
The Savannah morning news., 1903-09-25
TRADE AND FINANCE
BEARS SEEM TO RAVE ALL THE
LEADING MARKETS UNDER CON-
TRoL.
COTTON FUTURES SLUMP.
STOCK MARKET CONTINUES ITS
PROTRACTED DECLINE.

Turpentine Quiet and in Moderate
Demand at 57c-FactOrs Uncertain
as to the Future Course of the
Market-The Demand Not Good.
Resins Are Being Quickly Taken
at Prices Above the Official Level.
Local and Telegraphic Markets.
Morning News Office,
Thursday. Sept. "a.
This was blue day for the bulls
in all markets. An old adage is that
a day comes along now and then for
everybody, and it looks like the bear
is now having his, for the markets
have been precipiated into sensational
declines and the losses have continued
from day to day.
The bears appear to have complete
control of the entire situation in both
the stocks and cottons markets. When
stocks when off during the forenoon
COTTON sympathized. Reports were
that in the absence of any unfavorable
news some of the big commission
houses were cleaning up shop as it
were, and accounts on which margins
have been called and not furnished
are being wound up on the exchange.
At New York cotton futures closed
9 to % points below yesterday while
at New Orleans the declines reached
to rs points. Spot cotton at Savan-
nah closed Nc lower, with the demand
moderate, and little of interest doing.
The offerings in the f. o. b. market
were free enough, but the demand was
light and there appeared to be more
eagerness to sell than there was to
buy.
Turpentine closed quiet at SIC, with
the trade in doubt as to the future
course of prices. The demand was not
good, and While factors were not dis
posed to sell at lower prices uncertain
ty existed among them as to develop
mentS. Resins closed firm, with the
demand good and better than the of
fetal prices being paid on private
terms. Details of the different, markets
as follows:
The Savannah morning news., 1903-09-25
COTTON.

Spot cotton closed easy, Nc lower
than yesterday, with sales of 645 bales
The receipts were 6.516 bales, against
8,795 last year. The ports got $4,000
against $4,000 last year. Locally, the
market was without interest.
why don't you do something
quick?' This is the telegram a promi-
nent broker received during the day.
Whether it reveals the anxiety felt
among some holders is not known, but
the Interpretation of the message at
this end of the line was that the send
er had cotton he could spare without
seriously incommoding himself. For
quick deliveries the price was 1880 to
1Oalc, and for prompt shipment, 10c to
101sc.
me following were the official spot
quotations at the close of the market
at the Cotton Exchange to-day:
The Savannah morning news., 1903-09-25
Savannah Bank
and Trust Go.
Capital. $35O.OOO.

'oSEFH ID. WEED, President.
JOHN c. ROWLAND, Vice President.
VIM. r. MccAULEY, Cashier.
SAML. L. CLAY, Assistant Cashier.
A general banking and exchange
business transacted.
savings Department, interest
computed quarterly.
Accounts of merchants, banks
and corporations solicited.
american xpress Company's Lett
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., 1903-09-25
MONEY MARKET.

New York, Sept. 24.--Money on call,
steady at 2I2M per cent. closing bid,
2 per cent; offered "a per cent. Time
money quiet sixty days, 81 per cent.
ninety days. 6 per cent. six months.
per cent. Prime mercantile paper. sac
6k. Sterling exchange. easier with
actual business IN bankers bills az
sssG.4O for demand. and az sLe2.5 0M
4.g2gO for sixty DAYS. Posted rates,
Sass and sAs7MtS7iz. Commercial
bills. f4s2M Bar silver. 59Mc, Mexican
dollars, fghc.
The Savannah morning news., 1903-09-25
LIVERPOOL COTTON MARKET.

Liverpool. Sept. 24.-Spot. quiet;
prices points lower. American mid
ding fair, FOOD: good middling, 67Sd;
middling, 6.2Sd low middling, 602d;
good ordinary, $500; ordinary. 5.40d.
The sales of the day were 1000 bales.
of which 1000 were for speculation
and export, and included $500 Ameri-
can. Receipts none.
Futures opened quiet and closed
easy: American middling, good ordi-
nary clause; September. SOD; Septem-
ber-October. 5.3Sd; October Novem-
Der. 5.1765.1Sd; November December,
5l215. 1Sd; December January, 510d:
January February, 5.1Sd: February
March. 507d5.0Sd; March-April, 5.07d;
April May. 5.06@5.07d.
Ware & LeIand's Cotton Letter.
New York, Sept. 24.-Another break
The Savannah morning news., 1903-09-25

$500; K, 1885; M, $40; N, $S45; w
G, 1855; w w, $3.50.
Wilmington. N. c.. Sept. 24.-Spirits
Turpentine-Firm; SEC bid; receipts, 40
casks.
Realistically: $3.50 and $1.s5; re-
ceipts, 259 barrels.
Tar-F'irm; $1.SO; receipts, 80 barrels.
Crude Turpentine-Firm; $500, $3.50
and $3.50; receipts, SO barrels.
New Orleans, Sept 24.-Receipts, ros-
in, S14 barrels. turpentine, %. Exports
Liverpool, turpentine. 104.
The Savannah morning news., 1903-09-25
DRY GoopS.

New York. Sept. 24.-Buyers are OPP
Grating with care and although there
is a disposition to shade prices on
certain lines, yet there is no desire to
anticipate their needs. Buyers are
operating with the idea that the influ-
ence of the new crop may have a detri-
mental effect upon the level of the
piece goods market.
The Savannah morning news., 1903-09-25


Galveston-Easy midding, 10A; net
receipts, 1924; gross, 1924; sales, D.
200; stock, 4S,4o5. Exports-Coastwise,
5168.
Norfolk-ouiet: middling. 1914 net
receipts. 4210: gross, 4,2l6; sales, 651;
stock, $50. Exports-Coastwise, 500.
Baltimore-Noninal: middling, lis;
gross receipts, 300; stock, 2,S73.
Boston-Quiet: middling, 1l.50; gross
receipts, 1,150.
Wilmington-Dull middling, 1887;
ret receipts, 1904; gross. 2'oS4; stock
1884.
elphia-Quiet: middling, 1l.65;
gross receipts. 600; stock, 1,096. Elk
ports-Centinent, 500
Easy; middling, 1912 net
receipts, 6.516; gross, 6,516; sales 5sS;
stock, 42,S4S. Exports-Coastwise. 3,641
New Enthusiastically: middling. 10:
net receipts, 1868; gross. 1858; sales,
1850; stock, 29,161. EXports-Great
Britain, 1000.
Mohile-Dull: middling. 97 net re-
ceipts, 1,345; gross, 1,S45 sales, $50;
stock, 9,2S3. Exports-Coastwise, 502.
%Memphis-Quiet; middling, 10; net
receipts, 172; gross, 172; sales, 125;
stock. 2,210.
*Augusta-Quiet: middling, 1oA; net
receipts. 1880; gross, LID; sales, l'S4';
stock, S,733
harleston-Unsettled net receipts
1000: gross. 1000: stock, S,S1l. Exports
-Coastwise. S.239.
*Cincinnati-Quiet middling' II: net
receipts, 204; gross 204; stock. 5,9S5'
+Louisville-Firm middling. 11A.
*St. Louis-Quiet: middling, 10Y; net
receipts, Is; gross, lis; stock, 725.
%Houstcn-steady middling, 10; net
receipts. 9.l21; gross, 9,121; sales, DOL
stock. %, 435
New York-Quiet; middling, 11.4O; net
receipts. 932; gross, 2.65s; sales. l,625'
stock. 92.173. EXports-Great Britain
1,147.
Total to-day. at all Seaports--Net'
1929; Great Britain, 4,147: continent
GOO; stock. 254. 494.
Consolidated, ut all Seaports-Net
16l, 634; Great Britain, 1S,4S6; France
1900; continent. 29,0S0.
Total since Sept. /. at all Seaports-
Net. S11.1S2; Great Britain, 43'4fz;
France, 1895: continent, 62,7S4.
mot included in totals.
The Savannah morning news., 1903-09-25
A. 3. BAXTER & CO. INC

successors to Murphy a. 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.
Ornces In principal cities throughout
ene south: Write for our market man
SaI and book containing instruction
The Savannah morning news., 1903-09-25

New York, Sept 24.-Spot closed
quiet, 10 points lower; middling up
lands, 11.40c; middiing Gulf, 11.65c.
sales 1925 bales.
The Savannah morning news., 1903-09-25

madam Pacific, $500; Erie, 2s,4Oo; Erie
frst preferred. $500; Louisville a anl
Nashville, $500 Metropolitan, %ivo'
Nfissouri pacific, $4,000: New York Cen
t-aI 1e 200. Norfolk and Western, 5.lOO;
Pennsvlvania, so, 800; Reading, $500;
Rock island. 56. 500 St. Louis South
western. 5000; ST. Paul, 40,l0O; South
ern Pacific, 1860; Southern Railway
10 200; Southern Railway preferred, :
500: Union Pacific, So, 100; Wabash pre-
ferred. $500: Amalgamated Copper, 5S,-
500; sugar, $500; Brooklyn Transit. To-
500: United States Steel, $4,000; United
States Steel preferred, 46.500.
- VI. s.o.te ...,a Hand List.
The Savannah morning news., 1903-09-25
HARRIS, GATES g. co.


NEvV YORK STOCK EXCHANGE.
new YORK COTTON EXCHANGE.
NEW YORK PRODUCE EXCHANGE
caIcAgO STOCK EXCHANGE
CHICAGO BOARD o. l ,iis.S5,,. ~. ,,,,,,
cSlSTroN DEpARTiiENT 10 Wall 81.
New York. 49, ,,.,,.,.,t.,
The Savannah morning news., 1903-09-25
STOCKS AND BONDS.

New York sept s'.-rhe stock mar
The Savannah morning news., 1903-09-25
Southern
Railway.

Trains arrive and depart Savannah
by Goth meridian time-one honr slow
er than city time.
Schedule effective June q, 1908.
no THE NORTH AND EAST.
The Savannah morning news., 1903-09-25
SPOT COTTON AT NEW YORK.

Futures opened steady; closed easy
The Savannah morning news., 1903-09-25

EFFECTIVE SEPT 21. 1908.
Trains Operated
Sistersville daily oil review. [volume] (Sistersville, W. Va.) 1902-1905, 1903-09-12
wOmen and Jewels.

Jewels, candy, flowers, man
that Is the order of woman's pref.
erences. Jewels form a magnetic
mighty power to the average wo-
man. Even that greatest OF all
jewels, health, Is often ruined In
the strenuous effort to save the
money to purchase them. If a
woman will risk her health to get
a coveted gem. then let her fortify
herself against the insiduous conse-
quences of coughs, colds and bron.
chial affections by regular use cf
DR.. Boschee's German Syrup. 1t
will promptly arrest consumption
In Its early stages and heatl the at.
fected lungs and bronchial tubes
and drive the dread disease from
the system. It Is not a cure all
but II Is certain lure for coughs
colds and all bronchial troubles.
You can get DR.. Green's reliable
remedies at D. A. Hendershots
Get Greer's Special Almanac.
Sistersville daily oil review. [volume] (Sistersville, W. Va.) 1902-1905, 1903-09-12
.RReORD or THG PAST
No Stronger Evidence Can Be
Produced.

Look well on their record What
they have cooe many times In years
gone by IS The best guarantee OF
future results. Anyone with bad
back, any reader suffering from
urinary troubles, from any kidney
ills, will fud iu the following EVIL
dence proof that relief and cure are
near at hand:
Mr. G NJ. Myers, the we'll known
shoemaker of Winchester avenue
and I4th street., Ashland, XIV. says.
"Doan's Kidney Pills are like tue
friends, the longer you know them
the better they are appreciated. l
can add nothing to the statement l
first made In 1896 after l procured
the remedy at the Ventura Drug
Co., ard took a course OF the treat
ment. which cured me. was alb
solutely free from all backache for
nearly three years, th,n noticed
slight ache, as the result of a cold
In my back. A box OF Doan's
Kidney pills disposed of 1t. I have
recommended this remedv to many,
and have never heard of one who
did not endorse the claims made
for It,"
For sale by all dealers. Price,
50 cents a box. Foster-Mi'burn
company, Buffalo, N. Y, sole
agents for the U. S.
Remember the name-Doan's-
and take no other.