davidaulloa/AmericanStories huggingface dataset:
The Savannah morning news., 1903-12-05
Baxter and Co.'s Cotton Letter.

New York, Dec. Another sharp
advance took place in cotton when
the market opened. In the Liverpool
market quotations were higher and the
bears on the run. Local shorts We're
demoralized, and had not recovered
from the effect of yesterdays bureau
figures. Southern and Eastern mill
people were reported as dismayed and
confronted with the alternative of buy
ing now and advancing the prices of
their product or buying later at still
higher cost of the raw material. The
bureau figures were believed to be
closer to the crop than ever before
known, and it is considered certain
that a large decrease in the movement
at an early date will confirm its ac-
curacy. Buying for the long account
was as confident this morning as when
prices were &c lower. Orders poured
in from all quarters, and Wall street
people were prominent on the long side
of the market, but profit-taking broke
prices sharply after a rise of 10 to
rs points, but then they turned strong
again. The South was buying on be-
lief that 13c was a certainty. Cables
left off at SO to 40 advance. Man
chester was disorganized. Liverpool
futures were 210 to 220 points above
last year. Port receipts $4,000, against
$4,000 last year.
Estimates for tomorrow: Houston,
IA 500 to $500, against 5,643 last year;
New Orleans, IL 900 to 1900, against
l1,133 last year; Galveston, $4,000 to
16. 000 against S,144.
The Savannah morning news., 1903-12-05

Trains arrive Savannah as follows:
No. 20, daily. from New York, Wash
ington and Cincinnati, $40 a. m.
No. 80, daily, from New York and
Washington, 1925 p. m.
No. 80, daily, from all points West,
via Jesup, 1859 p. IN.
No. "a. daily, from all points West,
via Jesup, 100 p. m.
All trains arrive and depart from
the Union Depot.
Trains SO and "a, THE NEW YORK
AND FLORIDA EXPRESS. Vesti-
buled limited trains, carrying Pullman
Drawing-room Sleeping Cars between
Savannah and New York. Dining Cars
serve all meals en- route.
TRAINS 20 and 80, THE WASHING
TON AND FLORIDA LIMITED.
Vestibuled limited trains, carrying
Pullman Drawing-room Sleeping Cars
between Savannah and New York.
Dining Cars serve all meals en- route.
Also Pullman Dr'awing-room Sleeping
Cars between Savannah and Cincin-
natl, through Asheville and 1.-The Land
of the Sky
For information as to rates, sched-
ules, ETC., apply to
c. H. ACKERT, G. M, Washington,
D. c.
s; H. HARDwICK. G. p. A. Wash
ington, D. C.
W. H. TAYLoE, A. G. P. A.. ATTAIN
r. c. BLATTNER. Depot Ticket
Agent, Union Depot, Savannah, Ga.
E. g. THOMSON, c. P. & T. A, Sa-
vannah, Ga, 141 Bull street. Phones
$50.
The Savannah morning news., 1903-12-05
NEW ORLEANS COTTON MARKET.

New Orleans, Dec. 4.-Futures
steady; December, 12.60@1261c; Janu-
airy, 12.71912.72c; February, 12.79@
12.S1c; March, 12.93@12.94; April, 1893
@lS00; May, 13.03@1304; June, 1860
13.0Sc; July, 13.0SQ13.09.
Spot cotton was very firm. Buying
orders appeared to be scarce during
the early part of the day, but later a
few orders were executed at full prices.
Sales. 1850 bales, including 2,100, (. O.
o. terms, and 1850 to arrive. Quota
lions advanced "a on all grades.
The futures market continued in an
excited condition to-day, with prices
steadily held up by the bullish bureau
estimate Of yesterday, in spite of enor-
NOUS realizing. Realizing, however,
was no greater than fresh buying, and
accordingly the market fluctated within
comparatively narrow limits on waves
of profit-taking or long buying The
amount of orders received from the
country was tremendous, and the tele-
graph companies were taxed to the linn
1t to handle the enormous amount of
business that came to them. When
the market opened IL was at first
thought that another wide advance was
to be recorded on the buying orders
from the country, but country specula-
tors also had profits that they wanted
TO take and the buying and selling
about offset each other. At the open
ing prices were steady and 3I10 points
above yesterdays close. The fiuctua-
lions were numerous. The changes in
March will fairly illustrate the ups and
downs: the price first advanced 8 points
TO 12.S2c, fell off points to 12.77c; ad-
vaneed 20 12.97c. fell Off TO 1850 and
recovered to 1880. The trading was
heavy throughout the session. the mar
ket closing firm. Net gains Of points
The Savannah morning news., 1903-12-05
A. Norden & Co.'s Cotton Letter.

New York, Dec. Liverpool gave
us a very full response to our excited
advance of yesterday, and our market
was at one time very strong, at fur
Their advance of nearly 20 points, but
the buying orders were met by heavy
liquidation for outsiders. and it was
generally suspected also that our prin-
cipal bull leader was selling. Opinions
continue very much mixed here, but
the majority of the trade are rather in
favor of some reaction from present
prices. Our Liverpool friends cable us
that there is still a large short inter-
est among English spinners, and that
they are uneasy. while on the other
hand, our Manchester friends cable
that Bombay mills will probably run
on short time. some of them having
commenced already. While the mar
ket may work somewhat higher, we
believe that at least temporary halt
ing point is nearly reached, and on the
whole we would rather sell prudently
than follow the advance further at the
moment.
The Savannah morning news., 1903-12-05

bull leaders began buying all along
the line, shorts covering and prices
We're forced up in very jerlky ire
guar sort of way, until at the highest
points, which was shortly after mid
day, they showed a net gain Of 14021
points, with January selling around
Il .6Oc; March. 12.7Sc; May, 12.71c, and
July 12.67c.
These were new high prices for the
season. During the upward progress
OF the market it was reported that
the local leader was selling out his
holdings to certain Wall street shorts
around - Goo for March, and that he
turned buyer on every trifing break,
but when prices had reached the high
level mentioned reports of private set
Elements were circulated, and with the
trade feeling that the short interests
had perhaps been we'll eliminated, the
tone became slightly easier and the
realizing heavy, so that during the
balance of the session the market show
ed somewhat sagging tendency
though there was another squirt of a
point or two at the close with the
market finally very steady. net l point
higher on April, but generally to 8
points higher.
Sales were estimated at 1,700, 900 bales.
But little attention was paid regula-
ton influences.
Estimated receipts cotton at ports,
3d. 31 bales, against 51,647 last week,
and 45,d7 last year. For the
week 100000 bales, against ST.
6S3 last week, and 326,071 last
year. To-day's receipts at New
Orleans were S,O76 bales, against 1914
last year, and at Houston 1891 bales,
against $3.50 last year.
Receipts were about equal to the
last years figures, and exports were
very heavy, with the Southern spot
markets firm, nominally unchanged, to
&c higher. The New York spot mar
ket was 20 points higher with sales
OF $500 bales, including 300 to spinners.
The insight movement for the week
was just about as estimated earlier,
and about $4,000 bales over last years
figures.
Cotton Entl1res a I Nar. Xorlc noc L.
The Savannah morning news., 1903-12-05
COTTON FUTURES.

New York, Dec. 4.-The cotton mar
ket opened firm at an advance of 6V2S
points following cables that were even
better than expected, indicating APP
parently that the English trade were
inclined to put quite as bullish an
Interpretation on the governments re-
port as did local operators yester-
day and it seemed that locally popular
sentiment took no less bullish a view
of the situation as result of further
consideration.
AT any rate, there was tremendous
demand in the market from the very
start, and while at first it looked as
though the exceedingly active liquida-
ton that was being INDUCED in might
depress prices, every decline was
promptly followed by another upturn.
Shortly after the opening prices at
one time showed a net decline of SOLO
points on the active months, with
December selling at 12.25c, January at
12.34c; March, 12.45c; May, 12.45c, and
July, 12.43c.
Almost at once, however the local
The Savannah morning news., 1903-12-05

Liverpool. Dec. 4.-Spot cotton in
limited demand, prices 40 points high
er; American middling fair, 7.0Sd;
good middling, 6.92d; middling 6S4d;
low middling, Esd; good ordinary
6.6Sd; ordinary. 6.4Sd. The sales of
the day were 1000 bales, of which $500
were for speculation and export, and
included 5000 American; receipts, A.
900 bales, including 28,900 American.
Futures opened excited and closed
irregular and unsettled; American mid
ding, good ordinary clause: Decem-
Der, 6.70d; December-J January, 665d;
January-F February, 6.6O@6 cid; Febru-
ary- March, 6.59d; March-April, 6.57d;
April-May, 655@6. SGD; May-June,
6.54d; June-July, 6.51d; July-August,
6 .49d; August September, nominal.
The Savannah morning news., 1903-12-05

net receipts. 500; gross. 1879; sales,
200; stock, 1878.
%Houston-Steady; middllng, 12A ;
net receipts, 1861; gross, 1851; sales,
1,311; stock, 65,6S7.
New York-Steady; middling, 1855:
net receipts, LIPS; gross, 5,957; sales.
$500; stock, 67,177. Exports Continent,
1908.
Newport News-Net receipts, 51S:
gross, 513; stock, 46S. Exports-Coast-
wise, so.
Pensacola-Net receipts, 5,415; gross.
5,415. Exports-Great Britain, 5,4l5.
Galveston-Deduct from exports con-
tnent since Sept. 1, 1872 bales.
Total To-day, at All Seaports-Net.
58,7S1; Great Britain, 55,472; France,
1O,146; continent, 1868; stock S53,976.
Consolidated at All Seaports-Net.
1854; Great Britain, 5000; France,
SAT.
Total Since Sept. l, at All Seaports
Net, 4,OO6,105; Great Britain, 1910
SSS; France, 1851; continent, 1,145, 351 ;
Japan, 11,579; Mexico 1928.
mot included in totals.
The Savannah morning news., 1903-12-05
PICKED UP ON 'CHANGE.

Discussing the outlook yesterday a
Savannah banker and cotton man who
has been right on the market, said: ITO
me it still looks like a continued bull
market. 1 do not look for any mate
rial reaction, at least for a while. The
market has advanced with such rapid
ity that even weak longs at the start
have accumulated strength until it
would take a cyclone to shake them
out. They bought when cotton was
down in the mines. and now they have
accumulated margins that will pro-
tect them against almost any sort of
raid.
II do not see other than bullish in
fluences for some time, unless the
steady increase in receipts works a
change in sentiment, such as will cause
the trade to doubt the correctness of
the government report. The bears
must have something on which to
base a raid, and something of this kind
Is all I see for them to rely upon. 1t
is reasonably sure that spinners will
curtail their. operations. but with the
indicated crop this will be necessary,
no odds what the price reaches"
Said an exporter: "Our Liverpool ca
bles to-day were very bullish. They
say that if the bureau turns out cor
rect prices are sure to go higher. An
uneasy feeling seems to exist on the
ether side.'
Demere & Hammond say: This
market is going much higher for all
the good railroads. They are badly
oversold and higher prices for the prod
ucts of the farms evidently warrants
higher prices for the railroads, as they
get the benefits of these conditions.
The market of course. will have its
reactions. 1t always does. We think
on declines. however. more money will
be made by buying than selling.
The Savannah morning news., 1903-12-05

Daily Cotton Market
Galv eston-Nominal; middling, 12H ;
net receipts 5000; gross, 1900; sales.
L295; stock, 269,234. Exports-Great
britain, 1921; coastwise, 4,4OS;
France, 1O,146.
Norfolk-Steady; middling, 1873;
net receipts, 4,221: gross, 4,221; sales,
LO95; stock. 22,606. Exports-Coast-
wise, 2,497.
Baltimore-Nominal; middling, 1880;
net receipts, $50; gross, 1880; stock,
S4i5 Exports-Great Britain, 1902.
Boston-Steady: middling, 12.45;
gross, 613. Exports-Great Britain,
.Wlmington-NominaI; middIing, 3d.
VIZ; gross, 1922; stock, 1888. Exports
continent, 1900.
1880.
SSavannah-Quiet and firm; mid
cling, IL 1-16; net receipts, 1881; gross,
"SSl; sales, 1852; stock, 112645.
New Orlean-Firm, middling, 121k;
net receipts, S.076; gross, SO76; sales.
Sou; stock, 2Ss,95o. Exports-Great
britain, S1.650; eoastwise, 1903.
Mobile-Firn; middling, 1914; net re-
s sttdpts' S,2s7; gross, s,297; sales. 1900;
S'ock' 1851 Exports-Coastwise. $50.
'Memphls-Firm middling, 70; net
o accepts, BIAS: gross. S437; sales, g.
VUV; stock SO, 764.
oA,ugusta-Firm; middling, 12%; net
stock, 42.261.
oS.lnlarieston-Firm; middling. ~; net
stoeipts, l,l61: gross. 1.l61; sales, 300;
'' .Cks' $3.50. Exports-Coastwise 473.
Clncinnati-Dull; middling II; net
st pts, l,O72; gross. 1.O72; stock, 6,2S6.
M. Houisville--Firm; middling, 49,
"a. receipts. Sol; gross, S51; sales,
o.! stock. 2.
81 Louis--FIrm; mlddling. i2A;
The Savannah morning news., 1903-12-05
COTTON.

Spot cotton closed firm, with the
demand good, and factors asking full
prices for their holdings. The interior
has been thoroughly enthused, SO to
speak, and asked prices are being
raised. Now that the cry of ION TO
twelve cents has been responded to-,
hats are going into the air with the
battle yell, ION to thirteen cents" The
trade are now asking themselves, what
next? The receipts were 1881 bales,
against 1879 bales last year.
In the f. o. b. market the demand
was good, and the offerings moderate.
At the higher level brokers find no
pressure from the interior to sell, which
is a condition never before known on
bull market such as the present.
The current quotation for basis good
middling was 1212c, with the official
opening on the Cotton Exchange
u 7-16@12hc, and the closing IL 7-16Ql
121ac.
The following we're the official spot
quotations at the close of the market
at the Cotton Exchange to-day:
The Savannah morning news., 1903-12-05
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.
Offces In principal cities throughout
the South Write for our market man.
ual and book containing instruction
for traders.
The Savannah morning news., 1903-12-05
A. NORDEN & CO.,
Cotton Exchange Building, New Yo

OOIIOI IINVIIHTISV DUIltHIlr5f NV tut AZ
Members New York Cotton Exchange,
New York Coffee Exchange.
New Orleans Cotton Exchange.
Liverpool Cotton Association.
Special attention paid and facilities
for accepting consignments of cotton
as tenders on contracts at lowest pos
slble rates.
The Savannah morning news., 1903-12-05
Savannah Bank
and Trust Go.
Capital. S35O.OOO,


'OsEFH ID. WEED, President.
JUN G. ROWLAND, Vice President.
"M' F. McCAULEY, Cashier.
sAML. L. CLAY, Assistant Cashier.
a general banking and exchange
business transacted.
savings Department, interest
computed quarterly.
accounts of merchants, banks
~na corporations solicited.
american xpresss cOmpany's let
'ES OF credit issued available I'm 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., 1903-12-05
HEsTER's WEEKLY STATEMENT.

New Orleans, Dec. 4.--Secretary
Testers weekly New Orleans cotton
statement issued to-day, shows for the
four DAYS of December an increase
over last year of 5000, and an increase
over the same period year before last
of 1000.
For the ninety-five days of the sea-
son that have elapsed the aggregate is
behind the same days Of last year ST.
600. and ahead Of the same days year
before last. ISL 900.
The amount brought into sight dur
ing the past week has been 47e,8S7,
against zi1,074 for the same seven days
last year, and 49,. 1872 year before last
The movement since Sept. 1, shows
receipts at all United states ports 10
be 4,0ls.O2O, against S.S2s,5l3 last year;
The Savannah morning news., 1903-12-05
HARRIS, GATES & CO.

EMbEhS:
NEW YORK STOCK EXCHANGE.
NEW YORK COTTON EXCHANGE.
NEW YORK PRODUCE EXCHANGE
CHICAGO STOCK EXCHANGE.
CHICAGO BOARD OF TRADE.
NEW YORK COFFEE EXCHANGE.
COTTON DEPARTMENT 10 Wall St.,
New York.
Orders solicited for Future Deliveriea
The Savannah morning news., 1903-12-05

New York. Dec. 4.-Cotton spot
closed steady, 20 points higher; mid
ding uplands, IL. Csc; middling gulf
II .9Oc; sales, $500 bales.
The Savannah morning news., 1903-12-05
The Morning News Office,

tracted attention by the great strength
shown following the unprecedented
rise on the government crop estimate.
Some thought the market would re-
act after a rise of such proportions,
but no weakness has yet developed and
doubts of an immediate halt are en-
tertained. From every standpoint the
trade regard the position of cotton as
exceedingly strong.
The futures markets worked up and
down, but closed around the opening
figures, with gains here and there. At
one time prices were some 20 points
above yesterday, with buying upon a
large scale. The movement did not
attract much attention, for it is as
sumed that later on there will be an
abrupt falling off in receipts to bring
the total crop well within the govern
ment estimate.
The reactionist is abroad and clings
to the belief that after such rise the
market must decline. Clipping a quar-
ter or half cent off present prices is
claimed to be out or the question Dy
the bulls, who say that prices prom
Use to work steadily towards a higher
level between now and Christmas.
Savannah spots closed firm, with fac
tors asking full prices for the cotton
in their hands. In the f. o. b. mar
ket the demand was good, with the
offerings limited. The country showed
no disposition to sell, and the day
closed with the offerings small enough
to cause eagerness among consumers
as to the probable outcome. Democrat
izing the cotton holder now appears to
be a remote possibility indeed, unless
something unforeseen occurs.
Turpentine closed firm at SEC, with
the demand good and the offerings
taken. Resins closed firm with the
demand good. The wholesale markets
closed steady. Local and telegraphic
markets follow:
The Savannah morning news., 1903-12-05
LIVERPOOL COTTON MARKET.

on December and 6@11 on the other
months,
The Savannah morning news., 1903-12-05
Total receipts since Sept. ..4006, los
Total receints to same date last

Total receipts since Sept. 1. 1905, 105
Total receipts to same date last
year ...........................3,9O1,545
Exports for the week ...... BAG, 449
Exports for same week last year 209,6 17
Total exports since Sept. 1. 1920, 1873
Total exports same date last
year Observation-Disclosures. Z, 556,75S
Stock at all United States ports 1853, 1916
Stock at all United States ports
same time last year. ,064, 1926
Stock at all interior towns. 27S,0
Stock at all interior towns same
time last year ................. 555, 440
Stock at Liverpool same time
last year AUTHORITARIAN. $4,000
Stock of American afloat for
Great Britain same time last
year Observation-Disclosures. POI, 900
New York, Dec. 4.-The following
statistics on the movement of cotton
for the week ending Dec. were COM
piled by the New York Cotton Ex-
change:
Weekly Movement
The Savannah morning news., 1903-12-05
SEA ISLAND COTTON.

The market closed fairly active and
firm. Quotations are higher. The crop
is now currently put at $4,000 bales.
Receipts are falling off.
Prices about as follows:
The Savannah morning news., 1903-12-05
WEEKLY COTTON MARKETS.

Receipts Ports Past Week-The fol-
lowing table shows receipts at all
u. S. ports for the past week and the
corresponding week last year:
Weelx ending Dec. 4. 1909
The Savannah morning news., 1903-12-05
Savannah and StateSbOrO R'y
Through Passenger Trains
Savannah to Statesboro
via
Seaboard and S. & S. R'y.

Ar. Savannah, Sunday only .....9 45am
Lv: Savannah, Sunday only......S 45pm
Ar. 'Statesboro, Sunday only. Sc 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 1900 M, arrive
Statesboro, 10 a. m. Leave Statesboro
q. m, arrive Savannah $3.50 p. m.
Shortest and Quickest Route
The Savannah morning news., 1903-12-05
SPOT COTTON AT NEW YORK.

Futures opened firm; closed very
steady.
The Savannah morning news., 1903-12-05
OF MARKETS
CONDITION OF GENERAL TRADE
DURING THE PAST WEEK.
COTTON FUTURES MOVING UP.
MARKET SHOWS GREAT STRENGTH
WITH BEST SORT OF BUYING.

From All Quarters the Futures Mar
ket Received support, With Trad
ing Active and Prices Closing at
the Advance-SpOt Cotton Firm,
with Factors Asking Higher
Prices-SmaI Offering From the
InteriOr-Turpentin Firm and in
Demand-LOcaI and TeIegraphic
Markets.
Decorah-posten., 1903-09-01

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ben at BEN etur ct Positive Feed, itt Der life bebsres nossu Ji1r slr
Spring for oti a @Raiinsn til at urtsioe. en- anosu belois 5prbebrns, iom
mart uI blue padt srnst Of Gnbosr, in bsupter aaafhnen sr a feed, Der r
inasSes fontrReret at ben Ton bRes ps iGnts rsb en- fm~l Suoretnins, uen
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feed bar, bar ahb meOiet S~Gu7rIsRosr ti orium oetiHe bsu iOreiasst meo
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pIaoen sar psian utne the feed bHpe uirun
gRORhnu arbdber let ps uGaeH pbfst gaaeburen r ruuo, men EesH.
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til let eMr ipart Grbeioe
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ben naar NdotGe. Stnnen TRADER fig ip; eu tau trabes gesfs os sr let
at forfoa. @anIen er selsettng, og fan athda life iRttes rtlashs.
geb bpert StHg trGths bSse Eraaee fat iammen % luths Rtbtsu Al
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eiSr at 5snt, gRatnsn er iOrpnet uso ISf SOanbbial buOrpso man po