davidaulloa/AmericanStories huggingface dataset:
The Savannah morning news., 1903-12-03

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, 11:59 p. m.
No. "a. daily, from all points West,
via Jesup, 100 p. m.
All trains arrive and depart from
the Union Derot.
Trains 80 and "a, THE NEW YORK
AND FLORIDA EXPRESS. VestiA
buled limited trains, carrying Pullman
Drawing Sleeping Cars between
Savannah and New York. Dining Cars
serve all meals enroute. Connect at
Washington with Colonial Express for
Boston.
TRAINS 30 and 80, THE WASHING
TON AND FLORIDA LIMITED,
Vestibuled limited trains, carrying
Pullman rawing-room Sleeping Cars
between Savannah and New York.
Dining Cars serve all meals en- route.
Also Pullman Drawing Sleeping
Cars between Savannah and Cincin-
natl, through Asheville and The Land
of the Sky"
For information as to rates, sched-
ules, ETC., apply to
c. H. ACKERT, G. M, Washington,
D. G.
S. H. HARDw1cK, G. p. A., Wash
ington, 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-
vannah, Ga, 141 Bull street. Phones
$50.
The Savannah morning news., 1903-12-03
PICKED UP ON 'CHANGE.

Mr.. j. P. Williams believes that the
present prices of cotton have largely
discounted the bureau report, though
he still has faith in ultimately higher
prices. This report is to Nov. IA"
he said, land while we cannot tell
how much cotton was about gin houses
at this time, it seems to be we'll under
stood that a large percentage of the
crop was out of the fields by Nov.
Is. came down from New York about
this time and l recall the fields all
through the Carolinas looked bare,
with the last picking being done in
many of them. In Alabama by OBJ
servations disclosed about the same
conditions. l believe the government
report will be bullish. Whatever it is,
however, indications now point to high
er than the present prices for cotton
in the spring."
Manager c. F. Clugston, of Ware &
Leland, has arranged to hurry the
bureau report upon its receipt at u
o'clock to-day to the firms interior
correspondents. There is much inter-
est in the document, and the trade
everywhere are making Arrangements
to get possession of it at the earliest
possible moment.
Said a we'll known spot cotton broker:
Factors are beginning to show a
disposition to turn cotton loose, though
they want higher than spot quotations
for it,
A commission house heard during
the forenoon that Philadelphia was
buying cotton ito beat the band'
Another report from New Orleans
said: ''Wm. P. Brown bid Isle for
10000 March"
The government cotton crop esti-
mate to-day will have more general
interest everywhere than any public
proclamation for many a day.
Around the New York ring, 1900
900 bales of cotton, or about a tenth
of the currently estimated crop, were
sold yesterday.
The Savannah morning news., 1903-12-03
A. Norden & Co.'S Cotton Letter.

New York, Dec. 2.-Liverpool show
ed quite a decline. this morning, but
there was such heavy wave of buying
orders at our opening that instead
of declining our market advanced very
rapidly, making in the first few min
utes another high record, with the
spring months close to II cents. From
that time until the publication of the
ginners report therei was active trad
ing on both sides without special fea-
lures of interest, but when the report
came out a sharp break occurred,
though it proved to be of short dura-
ton. The report itself does not fur
nish material for any figuring as to
the outturn of the crop and is va
riously construed in accordance with
the feeling of each individual, with a
range of crop estimates based on its
figures running from 9,750,0O0 to near
ly II 900, 900 bales. There has been so
much liquidation of former accounts on
the long side that the market is in
very good shape to respond 20 the
bureau report tomorrow, in case that
document is as bullish as expected. We
continue to advise buying on any
break.
The Savannah morning news., 1903-12-03

rather lower than due, had rallied and
joined in the general excitement, while
New Orleans opened firm and higher
under repetition, apparently, of the
recent tactics of the bull pool in that
market, who were bidding for large
blocks all along the line.
Locally, the noise and confusion were
beyond description. Brokers were push
ing and crowding one another to
reach the ring and everybody almost
seemed to be buying cotton except the
Dig longs, who sold very heavily. Not
Wlthstanding these offerings, however,
the initial burst of covering and buy
ing for outside account carried the
market up to a net advance of 1903
points, with March selling within S
points of the lie market. Then the
covering became slightly less press
ing and realizing, continuing the mar
ket eased off slightly. with the noon
bids about to 8 points net higher.
At this level the market received
the report of the census bureau which
fell absolutely fiat. The trade had
been expecting an estimate of the
amount of cotton remaining to be gin
ned, but was disappointed in this re-
spect and there was also at first some
misunderstanding as to whether bales
were commercial or 500 pounds. With
out the estimate of cotton still to be
ginned, the report had no trustworthy
clue to the probable crop and first
prices after the reading of the report
were practically unchanged from the
II o'clock bids. After this there was
a decline under realizing and at one
time the market was net to points
lower on the active months. Leading
bull interests were good buyers on
the decline, however, protesting their
confidence III a bullish crop estimate
tomorrow and the market was rallied
During the balance of the session it
ruled rather irregular, but very steady,
and closed very steady, net unchanged
to points higher
Sales were estimated at 1000, 900
bales The weather over the belt was
rather unsettled, and port receipts fell
below estimates with exports rather
light and estimates for tomorrow s
receipts at leading points heavy on the
average.
Receipts of cotton at ports to-day 3d.
1898 bales, against 57,454 last week, and
$3.50 last year. For the week 100000
bales against 1888 last week, and
S26,01 last year. To-day's receipts at
New Orleans were 1856 bales, against
29,247 last year, and at Houston 21,621
bales, against 1882 last year.
Cotton futures at New York Dec p
The Savannah morning news., 1903-12-03

vanced. From the country reports
are to the effect that the weather has
been unfavorable for gathering, so
that the little stuff that remains to
be gathered may not be ready for
market for some time.
Operators are now actively engag-
ed in box-cutting, which will continue
until March. I'VE are glad" remark
ed factor, that prices for spirits
have not advanced lately for the rea-
son Sat the effect would likely be
preparations for over production.
High prices at this time would, in
fact do more harm than good. By
this | mean running the price up to
a high point that would attract at
tention. Were it not for the effect of
high prices on production 1 do not
doubt but turpentine would now be
selling at 60 cents" The receipts to-
day were $40 casks, exports no casks.
ROSINS-The rosin market opened
firm, sales 1923 barrels, and closed
firm and unchanged, sales no barrels.
The demand was fairly good all day.
After the official closing e and be-
low sold sc up. The demand was
generally satisfactory from all
sources, with the disposition to meet
the market. The current impression
is that the balance of this season will
see the market well maintained
around it's present level. Receipts to-
day - barrels, and the exports -
barrels. Prices as follows:
The Savannah morning news., 1903-12-03
COTTON.

This was an unusually interesting
day in the spot cotton market, with a
fairly good business done in view of
the stiffness of factors about selling
at concessions. Convinced of the I'M
DERIVING strength of the market they
show no disposition to sell, except at
full prices, and the interior holder is
the same. With the successive ad-
vances he raises limits, following the
advance as it goes along Holders
are out for the best the market of
fers, and the belief is that not until
there is a terrific decline will there
be any wholesale dumping of cotton
on the market. Without such a de-
cline the trade do not look for Offer
lngs that will depress prices. From
the standpoint of the spot holder the
speculator has had little to complain
OF this season, for the holder has
been slow to sell.
In the f. o. b. market the demand
was fair, though there was no urgen-
cy to buy. Exporters are out of the
market except for cotton with which
to supply urgent needs. During the
day brokers reported considerable in
curry, though there was not a great
deal of business uncovered. The cur
rent quotations for basis good mid
ding was 11Ac. The official f. o. b.
quotations at the opening call was
INC, and at the closing call 11%c.
The following were the official spot
quotations at the close of the market
at the Cotton Exchange to-day:
The Savannah morning news., 1903-12-03
NEW ORLEANS COTTON MARKET.

New Orleans, Dec. 2.-Cotton futures
steady, December, 11.67@11. CSC; Jam
uary, 11.74G11 .75c February, 1880
11.S5c; March, 1.92@11. 9Sc; April,
n.97@11 99c; May, 12.O2@12 .O3c; June,
12.06@12 .0Sc; July, 12.09Q12 .10c.
The spot cotton market is in a wait
ing attitude. Neither sellers nor buy
ers care to operate until after the bu-
reau report which will be issued to-
morrow. Sales, 1850. bales including
1,150 to arrive. Quotations unchanged.
Futures opened strong with prices, IL
to Is points higher than yesterdays
close. Soon after the opening the bull
leader was a heavy bidder, and prices
soon went to the highest point of the
day. The census bureau report was
read at II o'clock, and so far as it's eff
feet on prices went it was disappoint-
ing to both bulls and bears. The re-
port showed that $751; 62 bales of cot
ton of standard weight, had been gin
ned up to Nov. IA. 1t was only when
New York bears commenced hammer
ing the market soon after II O'clock
that prices moved more than a point or
two in either direction. This market
then followed New York, and. prices
went to the lowest level of the day
The market was easy and excited
throughout the session. 1t is estimat-
ed that the volume of trade was as
great, II nv SIedlSI, tIldH lot any
other day in the history of the ex-
change. Sales of 1000 and 5000 bales
made as readily as were sales of 100
bales.
In the trading December opened at
II Csc; sold up to IL .76c, and down to
IL &c; January opened at II .S3c, sold
up to II .S5c, and down to II $50; March
opened at 11.97c, sold up to IL Ole, and
down to 11.S4c; May opened at 70 csc,
sold I'D to u .09c, and down to II q4c.
July opened at 12.17c, sold up to - .1Sc,
and down to 12.00c. From the lowest
figures there was a recovery of to
points on the active months, the list
at the close showing net gains of S
to points.
The Savannah morning news., 1903-12-03
ware & LeIard'- Cot1op Letter.

New York, Dec. 2.-One of the re-
ports is out of the way. Tomorrow
we will have another and then the
worst will be known. We do not like
this sort of a market. 1t is altogether
too big, too broad and too dangerous
to suit any one but the most daring
When a market advances Nc, breaks
Nc and then advances nearly Nc, all
in one day, the game is getting to be
a rich mans game 1t would seem
as though we were discountng the
worst that could happen at the present
time. With cotton ~ cents all over
the country a pretty small crop is dis
counted. There is more or less uncer-
tainty about the outlook from now on.
Where are the buyers to come from
after spinners, dom este and foreign,
have bought? When the pit Is as
crazed as II was this morning II is
time for men with nerves to withdraw.
II is "a gambling game, pure and sim
pie, at the moment. In the event OF
The Savannah morning news., 1903-12-03
TRADE AND FINANCE
COTTON FUTURES TAKE ANOTHER
UPWARD TURN ON BULL SUPPORT.
MARKET NERVOUS AND HIGHER
CENTER OF ATTRACTION TO TRADE
NOW THE GOVERNMENT ESTIMATE.

AT IL O'Clock This Thursday the
Government to Take a Hand at
Crop Estimating-Savann Fac
tors Offering Spots, but at Prices
1-Sc Above the Oficial Spot Ono
tations-Turpentine Firm at Soc.
Resins Firm-LOcaI and TeIe-
graphic Markets.
The Morning News Office,
Wednesday. Dec. 2.
The report of cotton ginned to Nov.
the feature of interest in the cotton
futures markets, which ruled erratic
throughout the day, but with the gen.
eral tone very steady and the trend
of prices towards a higher level. Pre-
paratory for whatever came many
holders liquidated, which was heavy
enough to absorb early gains. Later
a demand developed, however, and the
market worked back above last nights
closing. New York closed 5 TO points
up, and New Orleans ito points UP.
Nervousness was shown in anticipa-
ton of the ginners' report, though its
effect was not as pronounced as was
expected. In fact it had no material
effect either way because of the alb
sence of figures with which to COM
pare it, which left the trade puzzled
as to whether it was bullish or bear
ish The market was tested by scares
sent out from New York. such as a
i 49,, -
bulls if either the ginners' report of
the government crop estimate to-mor-
row will warrant the move. Holders
became demoralized, and skeedaddled,
and by their unloading gave the bulls
a task to absorb the cotton.
Savannah spots closed firm. The Of
ferings We're freer than they have been
for some time, and particularly was
this so during the late afternoon.
However, the factors offering this cot
ton were asking sc above the official
spot quotations. With a decline it is
mot probable there will be any large
dumping of cotton on the market,
though it is believed it's effect would
be to break the deadlock that now
seems to exist between holders and
spinners.
From the interior the offerings of
cotton were limited, with no DISPOSE
tfon to make concessions in any quar-
ter. Holders want the best prices, and
will not sell for less than full quota
tions. This being the case exporters
have found it impossible to do much
business, and brokers see little chance
of inducing much business until the
futures market become settled.
Turpentine closed firm at sec, with
the demand fairly good. Resins closed
firm, with prices up some on lows aft
er the closing. Details of the different
markets follow:
The Savannah morning news., 1903-12-03
Atwood viOlGtt& Co. Say:

New York, Dec. 2.-The census or
ginners' report of this date including
the round bales reduced to whole bales
foreshadows a crop of such dangerous
smallness as to make the outlook for
the worlds spinners an extremely Sc
rious one. In our opinion it indicates
a total of about 9,50OOOO. bales, of this
seasons growth, and considering the
small stocks visible and invisible on
Sept. 1, last from the old crop there
is foreshadowed a continued and strong
demand by the worlds consumers,
foreign and domestic, for the remainder
of the current season and justifies the
expectation that every bale now unsold
is worth 10 cents, basis middIing. At
wood Violet & Co.-ad.
The Savannah morning news., 1903-12-03
LIvEaPOoL COTTON MARKET.

Liverpool, Dec 2.-Cotton spot in
limited demand prices steady; Amer
lean middling, 6.40d. Sales of the day
were 5000 bales, of which 500 were
for speculation and export and in
cluded $500 American. Receipts, 21,-
400 bales, all American.
Futures opened easy and closed
quiet; American middling, good ordi-
nary clause, December, 6.32d; De-
cember-January, 6.27c; January-Fe
ruary, 6.24d; February-Mar 6.23d
March April, 6.21d; April-May, 6.20d
May-June, 6.1S06.19d; June-July,
slid; July-August. 615d; August
September nominal
The Savannah morning news., 1903-12-03
DRY GOODS.

New York. Dec. 2.-As far as buy
ing is concerned, the dry goods mar
ket has not been appreciably affected
by the record prices secured on cot
ton. Buyers are still inclined to await
developments, and there is still a feel
ing that the abnormal level of the raw
cotton market must give way to pres
sure of curtailment which will have its
natural effect upon piece goods prices.
This, however manufacturers and SELL
ers continue to combat with a constant
tendency toward higher limits.
The Savannah morning news., 1903-12-03

a small bureau we may readily see
more fireworks. But what if the bu-
reau should come larger than expect
ed? This has happened many times
in the past, and can happen again. AS
we have said. all Z along since May
touched 11.4Oc, take profits on any
bulge before the bureau. 1t now looks
as though nothing could break the
price back to 1112 cents. But unless
man is willing to buy, and buy down
for a break of half a cent, we advise
them to go slow, very slow. The craze
is on, and there is nothing to stop it.
Do not sell the market short. No man
has ever gotten poor taking profits.
The Savannah morning news., 1903-12-03

New York, Dec. 2.-Still higher fig
ures were reached when the market
opened to-day. Nobody cared to sell
before the ginners' report appeared.
Shorts were again very nervous. Liver
pool was doing very well and the run
of receipts was far from what might
be termed Fargo or free. The weather
was freezing in many districts, which,
if anything, will retard the movement,
and put an end to more or less cot
ton. Mill people are fighting stub
bornly, but the only result must be an
advance of the price Of their products.
Receipts are expected to fall off sharp
ly before many days. The very high
price has undoubtedly fastened the
marketing of cotton as never before,
with the result of an earlier collapse
in receipts than ever before. Nobody
wants to be caught short of cotton
now. Prices for spots are over 312c
above one year ago, and still it
seems difficult to prevent a further
where are ruling firm with holders
ing nothing in the way of prices. Re-
ceipts at ports were $1,000, against 3d.
900 last year. Cables were quiet at
l to 2 decline. The census report show
ed that 100000 had been ginned to
Nov. IA. and the market eased off on
the figures. Further information was
needed before any definite views
could be entertained as to it's value.
Estimates for tomorrow: Houston,
o. 900 to $4,000, against 1886 last year;
New Orleans, $4,000 to $4,000, against
1894; Galveston, $4,000 to 1900. against
49, 468 last year.
The Savannah morning news., 1903-12-03
A. q. BAXTER & CO. INC.

Successors to Murphy q 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.
Oft1ces ir principal cities throughout
the South. Write for our market man.
ual and book containing instruction
. for traders.
The Savannah morning news., 1903-12-03
COTTON FUTURES.

New York, Dec 2.-The cotton mar
ket opened firm at an advance of 6@13
points and ruled more active and ex-
cited than during any session since
the spectacular days of last July. At
tention was conferred entirely on the
ginners' report, due at midday, and
ordinary market factors were barely
noticed. Liverpool, which had been
The Savannah morning news., 1903-12-03
NAVAL STORES.
"Wednesday. Dec.

1NEF1ET77EE'1JI U
TURPENTINE - The turpentine
market opened firm at SEC, sales 397
asls, and closed firm and unchanged,
sales, no casks. The demand was fair
the day, with the offer
ings about taken. There does not
appear to be any desire or intention
In any quarter TO hammer the mar
ket. Exporters appear content to
pay the present price, with the sat-
isfaction that II they do not hammer
the market the price may not be adj
The Savannah morning news., 1903-12-03
FINANCIAL.

DOMESTIC N. Y. EXCHANGE
Buying hc discount.
Selling: $25 and under. 10c premium;
S25 to $50, f5c premium; $50 to 500, zoe
premium; 800 to $500, 35c premium;
5000 and over, par.
FOREIGN EXCHANGE - Market
weak. Commercial demand sterling.
S4S425; sixty days, S4s80.75; ninety
days, $4.79.25; French, 5.22A; Belgian,
5.23; marks, sixty days, "a 3-16:.
ninety days, 93B.
The following are the Savannah Cot
ton Exchange quotations.:
uooIr etacIx.
The Savannah morning news., 1903-12-03
Market, firm; sales. 291.

Daily Cotton Market
Galveston-Firm; middling, II 7-16c;
net receipts, 22,05S; gross, 22,05S; sales,
S67; stock, 1856 1853. Exports-Coastwise
4,641 continent, 1892.
Norfolk-Steady; middling, INC; net
receipts, 9641; gross, 3,641; sales, 270;
stock, 21,541. Exports-Coastwise 81
So3.
Baltimore-Nominal; middIing, HIS;
gross receipts, $50; stock, 6,S12.
Boston-Quiet; middling, IL Csc; net
receipts, 511; gross, 1853.
Wilmington-Quiet; middling, 11%c;
net receipts, 1886: gross, 1886; stock,
22.S44.
hiladelphia-Steady; middling, 1920;
net receipts, 296; gross, 1872; stock, L.
359.
Savannah-Firm; middling, 11Nc; net
receipts, 6,11S; gross, 6,11S; sales, BAL ;
stock, 100,214. Exports-Coastwise, 101.
New Orleans-Quiet; middling, 111Ac;
net receipts, 1856; gross, 1855; sales,
2,l00; stock. BOG, 3S7. Eixports-Great
Britain, 1925; coastwise, 5000.
Mobile-Firm; middling, 111sc; net
receipts. 904; gross, 904; sales, 1900;
stock. 1927.
*Memphis-Flrm; middling, 11%c;
net receipts, 2,s42; gross, 1908; sales, L.
$50; stock. 1928.
*Augusta-Firm; middling, ike; net
receipts. 1852; gross, 1,562; sales, 1,611;
stock. 1854.
Charleston-Firm; middling, 11Ac;
net receipts, 759; gross, 1885, stock, T.
223. Exports-Continent, $500.
FCincinnati-Dull; middling, lie; net
receipts, 1,197 gross, 1,197: stock. 5,512
Louisville-Firm: middling, 11Ac.
'St. Louis-Firm: middling, 1115c;
gross receipts, 3,S4S; sales, 9.T20; stock,
1l.34S.
'HOuston-steady; mlddling, II 7-16;
The Savannah morning news., 1903-12-03

Rosin, steady. 50 TO- receipts, So.
Tar, firm, 81 80: receipts, 1872.
Crude turpentine, firm, 1925, $3.50
and, 50. so; receipts, AZ.
New Orleans, Dec. 2.-Receipts:
Rosin. $50 barrels; turpentine, Ito.
The Savannah morning news., 1903-12-03
a. NORDEN & CO.,
Cotton Exchange BuildIng, New YorI

Cotton Exchange Building, New York.
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
sible rates,
The Savannah morning news., 1903-12-03

New York, Dec. 2.-Spot cotton
closed steady; middling uplands,
1195c; middling gulf, 12.2Oc; sales, g.
1872.
The Savannah morning news., 1903-12-03
HARRIS, GATES & co.
MEMRERS;

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 Deliveries.
The Savannah morning news., 1903-12-03

net receipts, 21,621; gross, 21,621; sales,
1850; stock, 62,596.
New York-Steady; middling, IL csc;
gross receipts, 1877; sales, 1862; stock,
61,7S8. EXports-Continent, GIT.
Total to-day, at all seaports-Net re-
ceipts, 53,99S; Great Britain, S,326; con-
tinent, S,719; stock, SSS, 525.
Consolidated, at all seaports-Net
receipts, 26S,172; Great Britain, Sc, 1856;
France, 5S,7Sl; continent, 7S4,67S ia
pan, 1,547.
Net receipts, 3,904,633; Great Britain, L.
1855; France, 7,435: continent, l.
1921; Japan, 1859; Mexico, 1928.
mot included in totals.
SEA ISLAND COTTON.
The sea island cotton market closed
firm Friday. with the demand salts
factory. Prices were advanced on
good buying. The crop outlook con-
tinues to reflect limited yield. Unless
the advance is oVerdone the general
belief is this crop win be marketed at
uniformly good prices.
Prices about as follows:
tancy Floridas ................23 1a@24
Extra choice Floridas ........22 9221a
Choice Floridas (Nom) ........20 @21
Fancy Georgias .22B023
Extra choice Georgias ......21h@22
SHolce OBSERVATION-DISCLOSURES. .2O q201a
Extra fine Gas and Fla. s.. .1Sh@l9
Fine Cas- and Fla. s. ...... Nominal
Week Ending Nov 81
19OS 1902.
Receipts, gross .............. 3,12Oj 4,421
Receipts, net ................ 3,040I 1852
Sales =. Observation-Disclosures. 2,626I 1884
Exports 80. ................ SS3 1881
Stock =. ..................... 1876 Is, 333
Receipts since Sept. 1 ...... %, 100I32 Sill
Receipts, net ............... %, 45S 81, 447