davidaulloa/AmericanStories huggingface dataset:
The Savannah morning news., 1903-05-26

ed off in the opening dealings. Houses
were very large sellers, and much lIq-
uidation was attributed to Pittsburg
and Chicago sources.
The interests which have underwrit-
ten the new Pennsylvania stock issue
and those connected with the United
States Steel syndicate were supposed
to have share in the support of the
market. Buying for London account
also helped to absorb the accumulation
Of selling orders. The second period
of weakness seemed to grow out of the
conspicuous selling of Rock Island. The
seemingly unending stream of st. Paul
stock coming upon the market also
had a sinister effect. The origin and
the motive of this selling, which SEEM
ed to be concentrated in character, was
the subject of much interest and gossip
all through the financial district.
There was talk of dissension in the
ranks of the controlling interest in the
great Rock Island project. Assertions
were freely made of the recall of loans
on an enormous scale with the implied
deduction of disciplinary purpose
against undue Indulgence and specula-
tive excess, both in cotton and In
stocks. The apparent support of this
morning. which was clearly by large
banking interests. seems TO conflict
with the view that the later liquidation
was forced by peremptory recall of
banking credits. The engagement of
$500, 900 in gold for export TO Germany
was a disagreeable supplement to the
days heavy outgo to South America.
Bonds were weak In sympathy with
stocks. Total sales, par value, $3.50,
900. United States bonds were all un-
changed on the last call.
Total sales of stocks to-day were L.
l1e.7OO, including Atchison, 6li700; Bal
timore and Ohio. AZ 400; Canadian Pa
cific. 1850; Chesapeake and Ohio. q,
600: Chicago and Great Western, rs.
100; Erie $4,000; do first preferred, H.
900; do second preferred, 1890; Union
Pacific, $3.50; Wabash. II 300; Copper.
1s. 500: Brooklyn. 20,250; Colorado Fuel
6.025. Louisville and Nashville. $500.
Manhattan. lO,5g5 Missouri Pacific, g.
10; New York Central, 1900; Pennsyl-
yanis, 1900 Reading $4,000 81. Paul,
i2s,9i0i Southern Pacific, $500. South
ern Railway. 1885. do preferred, 800.
Sugar. $500 Tennessee coal and Iron,
1910, United States Leather, $3.50,
The Savannah morning news., 1903-05-26
STOCKS AND BONDS.

New York, May 25.-The stock mar
ket was subjected to further drastic
liquidation to-day. carrying prices by
a broad margin to new low level for
the year. The tide of selling was at
one time pretty effectually checked and
prices established at a substantial re-
covery from the low point by the de-
termined support Of important banking
interests and their persistent bidding
up of prices through the stream of
Liquidation.
But the pressure became more Sc
we're than ever after the buying de-
mand. WAS seen to have been entirely
Withdrawn at the higher level. and
prices plunged abruptly from the high
est to the lowest point of the day
There We're some feverish rallies due
to the buying 10 take quick profits by
the room shorts, but the closing was
unsettled and unsteady. and not much
above the low point on the average.
There was no new development 20 eN-
plain the heavy selling, and u was EVIL
IDENTIFY due 10 general causes and the
discOuraging effect OF last weeks fall
IN prices. Consideration over Sunday
Of the situation resulted IN a large ac-
emulation Of selling orders 70 be work
The Savannah morning news., 1903-05-26

that market, and it was also thought
that the rush of Southern buying or
ders received here probably originated
from that source The increased activ-
ity was of but short duration, however,
and the market became comparatively
quiet, with prices showing a reaction
airy tendency under selling for both
accounts. This was encouraged by
favorable weather it being stated that
the cloudburst in Oklahoma was of but
local significance; large port receipts
for the day, which reached 4,217 bales,
against 1851 bales last year, and full
estimates for leading points to-mor-
row. Still, there seemed to be more
or less uneasiness as to the showing
to be expected from the weekly crop
report due at noon tomorrow and
shortly after midday, when a loss of
from 3 to points from the best of
the morning had been recorded. the
market again turned firm, though
without showing any appreciable in
crease in activity, and advanced to a
new high level for the day, July reach
ing 1130c and the general list a level
10 to 20 points higher, with the late
months still exhibiting especial firm
ness. From this there was a partial
reaction under realizing, but the mar
ket was finally steady, net 2@13 points
higher.
Total sales of futures estimated at
300 900 bales.
Southern spot markets were generally
dull and unchanged. The New York
spot market declined 10 points, to 11.90c.
There were deliveries on contract of
about 1920 bales.
Cotton futures at New York, May 25:
The Savannah morning news., 1903-05-26
Hubbard Bros. & Co.'s Cotton Letter.

New York, May 25.-Our market
opened with sales of July at 1110c,
1106c, closed 11.17c, and after selling
at 1129-11.30c ruled at 1123c at 1 p. m.
Liverpool came not quite as good as
anticipated, but improved steadily aft
er our opening Here the old crop
was disappointing until the strength
of the new crop brought it forward,
and then it advanced quickly on COM
paratively small transactions. Most
commission houses are advising
against transactions in the old crop in
consequence of the closing of the mills
on one hand and the talk of corners
on the other Our stock continues to
increase but bankers are questioning
borrowers closely. being opposed to OPP
erations which tend to demoralize the
spinning industry. Therefore, interest
is changing over into the new crop
which is being bought on each depres-
sion as being relatively cheap in view
of the acknowledged large require
ments next season. Crop accounts
show some improvement. Settings for
Wall street interests brought the
break of the last half hour The spot
market was quiet, 10 points decline.
The Savannah morning news., 1903-05-26

New Orleans, May 25.-In the spot
cotton market there was a good in
quiry for the staple by buyers for the
continent, which gave bit of life to
the movement. Quotations advanced
NC on all grades.
Futures opened 800 points higher.
Prices, however, were irregular and
made sharp and wide advances and
recessions. Advances at one time were
from 15@25 points above the closing
of Saturday. Reports from the country
were decidedly unfavorable, telling of
violent rain and wind storms, which
did great injury to the plant in some
sections. Gables from Liverpool were
favorable. New York was on the ad-
vance apparently, making much of the
news, both from across the water and
from the belt The list at the close
showed net gains of points on May
and June; July 81; August, "a; Sep
tember II, and 10@11 on the more dis
tant positions.
New Orleans, May 25.-Cotton flu
lures, quiet and steady. May, n.90c,
nominal; June, 12.12c, nominal1 July,
1239@12.40c; August, 11.79@11.S0c; Sep
TENDER, 10.13@1014c; October, $500
9.40c: November, 9.20@9.22c; December,
920M921c.
The Savannah morning news., 1903-05-26
COTTON FUTURES.

New York, May 25.-The cotton mar
ket opened firm, points lower to 5
points higher and ruled comparatively
quiet. The initial losses were confined
to the old crop positions and were in
sympathy with the early Liverpool ca
bles, which were rather below expec-
tations on these positions, while the
new crop was firmer than was consid-
cred due on the local closing OF Satur-
day. Right after the call, however,
the whole market was rallied sharply.
partially by the strength in New Or
leans and partly by Southern buying
orders. July sold up from il.06c, the
lowest price on the call. 10 ll.26c;, Au-
gust opened at 1860. advanced 10
l0S5c. while September opened AZ 9s4c,
and was rushed up 10 9,9sc. The firm
ness al New Orleans was attributed
70 the presence Of the bull leader Ia
The Savannah morning news., 1903-05-26

of the new crop months to-day while
they may be disposed to buy them at
any figures as the season advances, in
the event of crop failing to make head
way, and especially if boil weevil
should multiply in Texas, which now
seems to be taken for granted will be
the case. Shortly after the opening the
market moved up II to Is points and
sellers were scarce. The New Orleans
bull leader was understood to have as
sumed control in that market. Special
Alabama and Georgia reports to the
Journal of Commerce indicated poor
conditions in those states. The Texas
reports were generally good Gables
were 5 to higher. Showers were in
dictated for the Southwest generally.
Spot cotton is scarce everywhere. The
weeks spot movement promises to
double last years, but this makes no
impression.
The Savannah morning news., 1903-05-26

trains arrive Savannah as follows:
NO. ~, daily, from New York, Wash
lngton and Cincinnati, 510 a, m.
NO. 49, daily, from New York and
washington, 3:45 p. m.
No. 30, daily, from all points West,
via Jesup, 11.:59 p. m.
NO. 81, daily, from all points West,
via Jesup, 11:54 a. m.
All trains arrive and depart from
the Union Depot.
THROUGH CAR SERVICE, ETC.
Trains SO and "a. NEW YORK AND
FLORIDA EXPRESS, Vestibuled linn
tied trains, with Pullman Drawing
room Sleeping Cars between Savannah
and New York. Connect at Washing
ton with Colonial Express for Boston.
Pullman Sleeping Cars between Char
lotte and Richmond and Charlotte and
Norfolk. Dining Cars serve all meals
en- route.
with through Pullman Drawing-room
Sleeping Cars operated from and to
Kansas City via Birmingham, and
from and to Cincinnati via Chatta-
nooga.
Trains 90 and 30. 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 Drawing-room Sleeping
Cars between Savannah and Cincin-
rati, through Asheville and The Land
of the Sky
For information as to rates. sched-
ules, etc.. apply to
c. II. ACKERT, G. M, Washington,
d. c.
S. H. HARDwIcK. C. 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.
Z. @. THOMSON, c. p. & T.. A., Sa-
vannah, Ca, 141 Bull street. Phones
$50.
The Savannah morning news., 1903-05-26
LIVERPOOL COTTON MARKET.

Liverpool. May 25.-Cotton: Spot
moderate business done. prices I'M
changed; American middling, $3.50.
The sales of the day were 5000 bales,
of which 500 were for speculation and
export and included 100 American.
Receipts 5000 bales, including 800
American.
Futures opened firm and closed
steady; American middling, g. o, c.,
May 6.0966. 10d; MayJune, 6O7@6 .08d;
June-July, 6.04@6 05d; July-August,
6.01@6 ODD; August-September $500
5.S7d; September 5.43d; Oc-
November, 5.11@512d; Novem
ber-D December, 5.00@5 old; December
January, 4.9Sd; January-February
4 ed
The Savannah morning news., 1903-05-26
TRADE AND FINANCE
COTTON MARKETS CLOSE AT ADJ
VANCE AT NEW YORK AND
NEW ORLEANS.
LIQUIDATION NOT URGENT.
rURPENTINE FIRM AND IN DEMAND
AT sic. PER GALLON.

II
wholesome Condition - Resins
Firm and in Moderate Request.
Spot Cotton in Poor Demand-LO-
cal and TeleEraphic Markets.
The Morning News Office,
Monday, May %.
Liquidation in the cotton markets was
not so pressing to-day, and upon the
strength impaired by a better general
feeling prices worked up at New York,
but on Wall street selling soon drop
ped back, closing, however, 2 to 10
above Saturday. At New Orleans an
advance of Z to "a points was scored.
The spot markets continue lifeless,
with no demand of consequence. From
the interior very little cotton is being
offered for fob. shipment. Until the
specula ton is over there seems to be
no desire on the part of consumers,
who are said to regard present prices
as above the range they can afford to
pay and manufacture at a profit in
view of existing prices for goods.
The turpentine market closed firm at
sic, with the demand fairly good. Ros-
ms closed firm and unchanged from
Saturday, with the demand moderate.
The wholesale markets closed steady
and unchanged. Details of the differ
ent markets follow:
The Savannah morning news., 1903-05-26
NAVAL STORES.
Monday. Nav 25.

Monday. May 25.
SPIRITS-The turpentine market
opened firm at Sic, sales 212 casks, and
closed firm and unchanged, sales 1870
casks. The demand was fairly good
throughout the day, though there was
not the urgency shown for supplies
equal to that on Saturday. From the
country, reports are to the effect that
the weather is decidedly better for
gathering the stuff. To-days receipts
were $50 casks, and the exports 1856
casks.
ROSINS-The rosin market closed
firm and unchanged from Saturday,
with the demand light. No sales were
reported officially. An improved de-
mand is looked for in resins. Receipts
1,157 barrels, and the exports 6,453 bar
rels. Prices as follows:
The Savannah morning news., 1903-05-26
Harris, Gates & Co.'s Cotton Letter.

New York May 25.-Harris, Gates &
Co., in their cotton letter to-day
state:
An advance in Liverpool of 9 points
on the near months and gain of 5
to 10 points in the local market reflect
the net changes in prices for the day
in cotton. The highest prices here in
the early afternoon were 16 to 81 points
higher. The early fall months showed
the greatest strength. Advices from
New Orleans express great confidence
in higher prices and report a firm de-
mand for spots.
The Savannah morning news., 1903-05-26
FINANCIAL.

FOREIGN EXCHANGE - Market
weak. Commercial demand, sterling,
$4.S6A; sixty days. S4.S3k ninety days
$4.S2 French, 5.19%; Swiss, sixty days,
5.21; Belgian. 5.21; marks, sixty days,
943s; ninety days. "a 3-16.
DOMESTIC N. Y. EXCHANGE
Buy at SOC per $1,000 discount.
Sell: Up to $500, 10c; $25 to $50, 15c;
$50 to 500, zoe; 800 to 5000, Csc; 5000
to $500. soc: $500 to $500, S5c; $500 to
$500, 4Oc; $500 to $500. 45c. Over $500 at
the rate of 75c per $1,000 premium.
SECURITIES-There is some activi-
ty in the income bonds of the Central
of Georgia. based on the large increase
in gross earnings. other securities are
firm, but very little trading.
Bank Stocks.
The Savannah morning news., 1903-05-26
Baxter and Co.'s Cotton Letter.

New York, May 25-Cotton was
weak for the old crop to the extent of
2 to points and that much higher
for the new CROP when the market
opened to-day. Bears had it that the
bull leader had left for South, but
this makes no impression on the pub
lie in general who do not believe that
the market hinges on the doings of
any one man. The simple fact is that
cotton is scarce for the good grades
and the growing crop has so many
chances of becoming a poor one that
people are not prepared to be short
The Savannah morning news., 1903-05-26
MONEY MARKET.

New York. May 25.--Money on call
steady at 2A@21h per cent, closing Of
fered 219 per cent. Time money steady;
sixty days per cent; ninety days 4
per cent; six months 41a@5 per cent.
Prime mercantile paper 4k@5Ac. Ster-
ling exchange steady with actual bus
mess in bankers bills at 81. 81. 1904 81. IS
for demand. and at 81 "a $500. "a. 95 for
sixty day bills. Posted rates $4.S5hm
4 .SSz @$4 SO. Commercial bills, 81. S4z.
Bar silver, 543sc. Mexican dollars 42Ac.
Government bonds steady. Railroad
bonds weak.
The Savannah morning news., 1903-05-26
DRY GOOnS.

New York, May 25.-The dry goods
market is advancing with buying of
only moderate proportions. The con-
tinued high price of raw cotton is max
ing the naming of material advances
a necessity. Curtaiment has been
adopted as the policy of a good many
mills and is expected to spread. Local
jobbers are having only an indifferent
business.
The Savannah morning news., 1903-05-26
FINANCIAL.
HARRIS, GATES & co.

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.
of good grades was reported. Fair
The Savannah morning news., 1903-05-26

Turpentine steady. 5411655c asked.
Charleston, S. c., May '25.-Turpen-
tine, steady; 5O1kc; receipts, none.
Resin, steady; A, B, c, $3.50; D, $165;
E, $1,65; F, $1.70; G, $1.75; H, $235;
1, $500; K, $500; M, $40; N, $3.15; w.
G., 1925; w. W., $685..
Wilmington, N. c., May 25.-Spirits
turpentine firm, sic; receipts, 40 casks.
Rosin firm, $1.75; receipts, Sc. Crude
turpentine quiet, 81 90, 1925 and 1915;
receipts, 1909. Tar firm, $1.65; receipts,
30.
New Orleans, May 25.-Receipts, ros-
in, 91S; turpentine. 246.
The Savannah morning news., 1903-05-26
COTTON.

Spot cotton closed steady and I'M
changed, with the demand light. Moth
ing of interest developed during the
day to add to the local interest, and
the closing was therefore featureless.
In the f. o. b. market there was nothing
doing.
The following were the official spot
quotations at the close of the market
at the Cotton Exchange to-day:
The Savannah morning news., 1903-05-26
A. 3. 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.
Offices in principal cities throughout
the South. Write for our market man
ual and book containing instruction
for traders.
The Savannah morning news., 1903-05-26
=. G. HUBBELL,

COTTON BROKER.
Member Savannah Cotton Exchange.
Member New orleans Cotton Exchange.
ORDERS TO BUY OR SELL COT
TON FOR FUTURE DELIVERY
PROMPTLY EXECUTED ON THE
FLOORS OF THE LEADING Ex-
CHANGES. BEST or FACILITIES.
CORRESPONDENCE SOLICITED.
Bell Phone s25. Kelly Bldg. city.
The Savannah morning news., 1903-05-26
cola Exnerts to Germnnr.

New York. May 25.-L. VonHoffman
& Co., announce an export of $500, 900
gold to Germany tomorrow.
The Savannah morning news., 1903-05-26
SEA ISLAND COTTON.

The sea island cotton market closed
quiet but firm the past week. with
practically no trading going on. There
was no demand. If the crop reports
continue to show up badly, as they
have for the past few weeks, the de-
nand is expected to improve.
Prices about as follows:
The Savannah morning news., 1903-05-26
Savannah and StateSbOrO R'y-
Through Passenger Trains
Savannah to StateSboro
VIA
Seaboard and S. & S. R'y.

Effective Sunday, Nov. %.
Leave Savannah daily 400 p. m.
Arrive Statesboro, SIS p. m.
Leave Statesbores~7l00 a. m.
Arrive Savannah, 9:15 g. m.
Another train, connecting at Cuyler,
leaves Savannah 100 a. m, arrive
Statesboro, 10 a. m. d Leave Statesooro
p. m, arrive Savannah $3.50 p. m.
Shortest and Quickest Route
The Savannah morning news., 1903-05-26

Galveston-Quiet; middling II 7-16c;
net receipts, 66S; gross, 563; sales, 1874;
stock. 29,37S. Exports-Coastwise, 225.
Norfolk-Steady; middling 11%c; net
receipts, 1909; gross, 1908; sales, 40;
stock, 5,577.
Baltimore-Nominal; middIing 11Bc;
stock, 3,477.
Boston-Quiet; middling 12c; net re-
ceipts, 10; gross, 651.
Wilmington - Nominal; middling
101sc; stock, 1876.
iladelphia-Quiet; middling 12.15c;
stock, $685..
Savannah-Steady; middling 11Ac;
net receipts, All; gross, All; sales, Z;
stock, 1926 Exports-Coastwise 919.
New Orleans-Irregular; middling
II 9-16c; net receipts, 1,407; gross, l.
400; sales, 1850; stock, S4,997.
Mobile-Nominal; middling 1880;
net receipts, 81; gross, 81; stock, L.
S14.
Memphis-Quiet; middling 119sc;
net receipts, S72; gross, 2,1SS; sales,
300; stock, 11,S13.
"Augusta-Firln; middling 11kc; net
receipts, 1870; gross, 100; sales, II;
stock, 1878.
Charleston-Firm; middling lie;
*Cincinnati-Steady; middling 101sc;
net receipts, so; gross, so; stock. H.
$50.
~Lousville-Firm; middling 1119c.
*St. Louis-Firm; middling 11Ac;
gross receipts, 219; stock, 1852.
%Houston-Steady; middling II 7-16c;
net receipts, 952; gross, 952; sales, 81;
stock, 10,5S9.
New York-Quiet middling 11.90c;
net receipts, $50: gross, 7,464; sales,
14,240; stock, 162,347.
Total To-day. at All Seaports-Net,
4217; stock, 314,574.
Consolidated, at All Seaports-Net,
S,316; Great Britain, 2,091; continent,
1902.
Total Since Sept. 1, at All Sea-
ports-Net, 1865, 1852; Great Britain, g.
694,SS4; France, 75O,S62; continent, g.
6a9,S6S; Japan, 134,606.
Not included in totals.
The Savannah morning news., 1903-05-26
Southern
Railway.

Trains arrive and depart Savannah
by Goth meridian time-one hour slow
er than city time.
Schedule effective May "a, 1908.
no THE NORTH AND EAST
The Savannah morning news., 1903-05-26
NEW ORLEANS COTTON MARKET.

Futures opened quiet and closed
steady.
The Savannah morning news., 1903-05-26
Atlantic Coast Line Railroad Co.

EFFECTIVE MAY "a. 1903.
tn Meridian Tt me-One Hour Slower Than City Time.
The evening world., 1903-09-14
Ambition Knows No Rest. The
Store Is Constantly Doing New
Things Most AttractIvely.

near by mas DEMONSTRATED It's
right to be called the arges, of its kind in the world.
As the eyes rove westward one takes in the Mems Underwear
Sections the Household Linens, Women's Mems and Chldren's Hos.
ierX the Fancy Goods, Candies. Leather Goods. Ready-so>Wear
Millinery. Ribbons, Dress Goods Silks Fannes, Slverware, Jewer,.
and SO on through a list that must astonsh any keen observer.
There have been many commanding changes in the Basemen,
since Summer dawned and waned. The Housefurnshins Sections
have been accorded larger space. and all goods coming under this
broad title are now in adequate display spaces, Trunks, Harness and
Electrical Goods are now also quartered in the Basement. Toward
18th Street is the Restaurant excellent in service, choice in foods and
moderate in prices
The evening world., 1903-09-14
The Greater Number Is Served
Here, Because the Store Is Al
ways Equal to Every Occasion.

great stocks Of shoes in every style. size and all the wanted feathers
So large is this Shoe Store now that it reaches almost from 18th Street
to 10Th Stree.
The Boys Store, a leap away, has kept pace with the general ad,
vance. Ever so many mothers know that to their satisfaction.
Toward Sixth Avenue on the Second Floor the Sections devoted
to Women's, Misses and GIRLS Apparel have shared in the expansion.
They, too, are lavshly stocked with all that is new, stylish and
desirable. The crowds daily in these Departments bear eloouen,
testimony to The Big Stores evolution. And there's the Millinery
Salon. superb in its fixtures and delightful in the beauty and variety of
its becoming Hats Our Millinery business has increased more than
The evening world., 1903-09-14
Every Stepping Stone in This
Stores Active Life Spells Prog
ress In No Uncertain Characters.

Of prospective purchasers. Nowhere else are there such fine stocks of
fine pianos
The Auditorium adjoining comfortably seats 1000 persons and
frequent entertainments are given therein 1t is then taxed to its
capacity.
The Furniture Store opposite shows anew how The Big Store
has gone forward. The gaze roves over a forest of furniture,
sisenins with ne~ness, rich with beaueous uphosterinss
The Rug and Carpet Store outsrew its quarters on the Third
Floor, and is now on the Fifth. Stocks. here as on the other floors
are emnendy representative.
The evening world., 1903-09-14
More Than nerely a Shopping
Centre. A Place of Entertain
ment, as Thousands Well Know.

of employees. Pettness has never been observable in its composition:
smalness has never been a trait of its career.
To do things on a larger. better, more satisfactory scale than any
other store was a part of its creed that has never been swerved
from. Every hour the management and its army of co.workers have
been on the lookout for betterment in service. merchandise and every
other attribute, visible and invisible to the public.
To-day as then, this Store is still the largest and best in Greater
New York. AS we said recently. there are two other stores in the
United States that are larger. One is in Philadelphia. The other is in
Chicago But in New York The Sesel Cooper Store stands unrvaued.