davidaulloa/AmericanStories huggingface dataset:
The Savannah morning news., 1903-02-27

New York, Feb. 26.-Continued bad
weather in the South is the main fac
tor in bringing about the advance of
to-day. When May reached So a de-
termined effort on the part of the bull
party advanced it above 10 cents. AT
this point buyers appeared carrying
the market to the highest point of the
wear.
The temper of the trade continues to
be very bullish on the belief that this
bad weather will bring about another
demand from spinners and outside
speculation. In Liverpool the Egyp-
tan sellers of yesterday turned buy
ers finding the market i'll supplied with
any selling orders and causing the
sharp advance before the opening.
Local jobbers in that market became
oversold yesterday adding to the
strength this morning. Realizing by
the bulls brought about the reaction
at the close which was rather unset
tied but not weak
The Savannah morning news., 1903-02-27
H. & B. Beers Cotton Letter.

New Orleans, Feb 26.-New Liver
pool advices were much better than
looked for and our market in sympa-
thy opened to II higher, subsequently
improved to II additional on the
firmness of spots, the light movement
and the continuance of unfavorable
weather in the interior. Realizing near
the close caused a slight recession
making the net gain Is to 10 points on
the day.
Sentiment continues extremely favor
able to the article, and the higher the
market goes, the more optimistic does
that feeling become Present prices
certainly discount a great deal in the
situation, still with the manipulation
going on all speculative markets values
may improve further. 1t is expected
that weekly statistics will be bullish
and that the movement from now on
will show decided increase under
last year. Ultimately supply and de-
mands will regulate the market, but for
the moment opinions are valueless.
The Savannah morning news., 1903-02-27

and ST. Louis and San Francisco were
without stimulating effect on specula-
ton. St. Louis and San Francisco in
fact relapsed sharply to 21s below last
night on comparatively light offerings,
and Rock Island. after a mere frac-
tional advance, became heavy and
ruled below last night for the rest of
the day. This reception accorded to
the most far-reaching project of rail-
road consolidation since the Louisville
deal seemed to be accepted as con-
elusive demonstration that nothing
was TO be hoped for In the way Of ac-
tive speculation for the present.
The relief from the pressure of SELL
ing in Metropolitan Street Railway
alleviated for time the depressing af-
feet on this conviction.
There was a demonstration also IN
Wabash preferred. which carried that
stock up a point In face OF rumors OF
the issue OF an order for a strike and
OF the unfavorable showing OF jan
uary net earnings. Some OF the iron
and copper stocks made some show Of
The Savannah morning news., 1903-02-27
STOCKS AND BONDS.

New York, Feb. 26.-After a day Of
Indifference and neglect to-day's stock
market closed with an active selling
movement In force and with the ma
jority Of active stocks from / to 2
points below last night. The only
manifest new development to cause
this sudden weakness was the adjourn
ment OF the st. Paul directors without
taking action on the issue of new
stock. The late depression Is more
plausibly explained as due 10 a spec
ulatiye weariness with the persistent
hanging back OF prices.
This sense Of disappointment was In
evidence at the opening. when II was
seen that the authorized reports Of the
The Savannah morning news., 1903-02-27
LIVERPOOL COTTON MARKET

Liverpool, Feb. 26.-Cotton: Spot, in
fair demand; prices 8 points higher:
American middling fair 5.94d; good
middling, 5.56d middling, 53Sd; low
middling, 526d; good ordinary, Slid;
ordinary 502d
The sales of the day were 10000
bales, of which 500 were for specula-
ton and export and included $500
American. Receipts, $4,000 bales, in
Guiding 1880 American. Futures
opened firm and closed strong; Amer
lean middling. good ordinary clause:
February, 5.26@5.27d; February
March, 5.25@5 26d; March-April, $3.50
5.26d; April-May, 5.25@5.27d May
June. 5.27@5.28d; June-July, 527@5. 2Sd;
July-August. 5.26@5.27d; August Sep
TENDER, 5.15@5.16d; September Octo-
Der, 4.S3d; October November, 46ld;
November December 4.55d
The Savannah morning news., 1903-02-27
COTTON.

The market for spot cotton was firm
all day, with a quoted advance of sc
on all grades. A heavy business was
done, some large lines changing hands,
the total sales reaching nearly $500
bales. Holders are very much enCour-
aged by the strength of the controlling
markets, and are generally. disposed
now to demand still higher figures.
Some business was done f. o. b. at 1sc
advance, and the interior is now Of
fering sparingly at about 10 slice for
good middling.
The following were the official spot
quotations at the close of the market
at the Cotton Exchange to-day:
The Savannah morning news., 1903-02-27
COTTON FUTURES.

New York, Feb. 26.-The cotton
market opened firm at an advance of
from to u points and following the
call ruled very active and strong I'M
der excited covering by shorts and
fresh purchases for the account of the
local bull clique. This buying carried
prices to a level of 10 to % points
above the closing prices of last night
the first four months on the specu-
lative list all crossing the 10 cents
mark.
At the highest level February and
March sold at 1010 1905 bid for April
and May reached 1909. This level
proved somewhat attractive as a ba-
sis for profit-taking by the room con-
tingent, who had bought on the lower
level, and there was considerable re-
alizing, which carried prices back
from to points, and the close was
barely steady, at a net advance of 10
to "a points.
The advance was partially the result
OF the strong Liverpool cables before
the local opening, while the English
close was at an advance of Az to II
points. Spot cotton also was higher
abroad, advancing points with sales
reported of 10000 bales. The strength
at Liverpool was naturally attributed
'OAO ioA SNiS " from InlS
side, but the continued small move
ment was also a potent influence. Port
receipts for the day were but 17,455
bales, this being a trifle below early
estimates. against net receipts of last
year of 24,350 bales. The estimates for
tomorrow were also light, and while
this is attributed more to the condition
of the roads and unfayorable weather
than to approaching exhaustion, they
nevertheless exert some effect on SEN
timent. There was some buying or
ders from European sources.
The spot markets We're generally
firm, at unchanged prices to an adj
vance of 3-16 cents, While the New
York market was marked up 20 points
to 1925 for middling. Total sales fu-
lures estimated at 100000 bales.
The Savannah morning news., 1903-02-27
MONEY Mh1KET.

New York, Feb. 26.-Money on call
rather firm at 2%@3 per cent, closing
and 80 days, 4A@4% per cent; six
months 4A@5 per cent. Prime mer-
camille paper. 4%@5A; sterling ex-
change easy with actual business in
bankers bills at $4.S7. 4004.S7.50 for de-
mand, and at $4.S4.20@4S425 for sixty
day bills posted rates, $4S5@4.851s@
Assn; commercial bills. S4.S31a@4.S4.
Bar silver, 4Shc; Mexican dollars. 3Sc.
Government bonds steady; railroad
bonds irregular.
The Savannah morning news., 1903-02-27
DRY GOODS.

New York, Feb. 26.-The rise in the
cotton market has influenced sellers in
the dry goods market in maintaining
their firm attitude on anything which
they can sell. On very many lines mills
are sold far ahead that they are re-
fusing to accept further business until
they know more fully the prospects of
the raw material situation.
The Savannah morning news., 1903-02-27
TRADE AND FINANCE
THE COTTON MARKET EXCITED
AND ON A BIG BOOM.
FUTURES % POINTS UP.
LARGE SALES OF SPOT COTTON IN
THE SAVANNAH MARKET.

to " IOAntSs OAOslnS StrOnR-NeW
York Advances Nearly 30 Points,
but Reacts SIiGhtIy-New Orleans
II to 20 Points Higher-Savannah
spot Advanced 1-S-BuI1s Conf
dent of Higher Prices-New York
stock Market LOwer-Grain Firm.
Provisions still Acknowledgment
stores Firm but Unchanged-LOcaI
and miscellaneous Markets.
The Morning News Office,
Thursday Feb. 26, 1903
The bulls in the cotton market were
in high feather to-day. An early adj
Liverpool caused the American mar
kets to gain about 10 points at the
opening. Later, Liverpool further adj
vanced or 4 points, and May in New
York was put up to 1Oc, chiefly, it is
reported, on bidding by what is call
ed the Boston crowd. After a little
reaction the market again became
strong, and prices moved up rapidly
until May reached, 10.O9c; March
touched, 10.10c, and July, $500. This
represented an advance for the day of
27a2S points, but near the close sales
10 realize caused a slight reaction,
final prices showing a gain of about
% points for the active months. In
New Orleans the market closed about
10 points higher. The market was ac-
tive all day, the New York sales being
estimated at about 100000 bales.
Besides the strength of Liverpool
hull cd hxF 1hst11 Itch
statistics. Port receipts for the day
were 1000 bales less than last year,
and the estimates for tomorrow pro-
portionately smaller. New Orleans ex-
poets, $500 against 12,40O; Houston,
5000, against, 5000; Galveston, $500,
against, $500.
The bulls are jubliant, and are talk
ing confidently of II cents. They do
not see what is yet to check the up
ward trend of prices as long as the
movement continues to point to a to-
tai crop of not over 10, 100000 bales,
when consumption is proceeding merri-
ly to the tune of 100000 to II, 100000
The local market was strong at an
advance at / o. H., of NC on all
grades Some large lines were sold,
the total transactions being the largest
in a considerable time. The unsold
stock here now is very much reduced,
probably not over 1000 bales of up
lands, and it is stiffiy held.
The New York stock market was
lower except for few specialties, most
of the active railroad and Industrial
shares closed from l to 2 points lower.
Grain markets We're firmer, still led
by corn which closed about re higher.
Provisions continued strong, with high
er prices for meats.
Naval stores were firm, but without
quotable change in prices, Sales of
turpentine were light, but there was a
good inquiry for resins.
There We're some important changes
in the miscellaneous local markets,
more especially III groceries etc, to
which a attention is directed
Details in full are given below.
The Savannah morning news., 1903-02-27
baxter & Co.'S Cotton Letter.

New York, Feb. 26-There was
another squirt in the early cotton mar
ketN to-day and prices moved up 10
points. Liverpool was the direct cause of
the fresh advance, that market showing
s points advance for spots and to
points advance for futures when the
local market opened During the rise
of the past fortnight to an unexpected
The Savannah morning news., 1903-02-27
NAVAL STORES.

The market for naval stores contin-
ued firm at prices unchanged from
those ruling for several days past
Turpentine was quoted firm at CSC,
with sales of 35 casks. Resins firm,
with sales of 1850 barrels, at 1 p M,
and 1,O52 additional at the closing call
Below will be found details of the
market, including prices, receipts, sales,
exports and stocks.
Prices were as follows:
The Savannah morning news., 1903-02-27
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.
Offices in principal cities throughout
the South. Write for our market man.
ual and book containing instruction
for traders.
The Savannah morning news., 1903-02-27

Effective Sunday, Nov. %.
Leave Savannah daily 400 p. m.
Arrive Statesboro, 6;l5 p. m.
Leave Statesboro, 700 a. m.
Arrive Savannah, 9:15 a. m.
Another train, connecting at Cuyler,
leaves Savannah 700 a. M, arrive
Statesboro, 10 a. m. Leave Statesooro
p M, arrive Savannah $50 p. m.
Shortest and Quickest Route
The Savannah morning news., 1903-02-27
FINANCIAL.
FOREIGN ExcH

FOREIGN EXCHANGE - Market
easy Commercial demand. ster-
ling, s4s6A 50 days. s4.s3A 30
days, 522k. Belgian, 520A: marks, so
days, 81 s-i6; 90 days. "a 7-l6.
DOMESTIC ~. X EXCHANGE
The Savannah morning news., 1903-02-27
RANGE OF PRICES IN NEW york
NEW ORLEANS COTTON FUTURES.

New Orleans, Feb. 26.-Futures
steady; February, $500 bid; March,
9.SO@9.91c; April, 993@995c May, 9.S7
@9-9Sc; June. 10.0O@1OO2c; July, 1905
@1O.O6c; August, S.66@9.67c; September,
S.96@S.97c; October, 8.54@S.56c.
The Savannah morning news., 1903-02-27

strained, common to good, $3.50. Tur-
pentine quiet. 65A @66Ac.
Charleston, Feb. 26.-Turpentlne
firm at 63c; sales, 40 casks.
Rosin firm. A, B, C, D. z, F. s1.s5; G,
$205; II, $2.35; l, $3.50; x. s3.15; M,
$685. N, 1855; w. G.. $3.50; w. w,
1920.
Wilmington. N. c.. Feb. 26.-spirits
turpentine firm. Csc; receipts IL.
Rosin firm $l.90: receipts $50.
Crude turpentine firm, $40 to $500
receipts so.
Tar firm, s1.60; receipts 606.
New Orleans. Feb. 26.-Exports, Costa
Rica, rosin 10 barrels.
The Savannah morning news., 1903-02-27

Net, 6543. 0S0; Great Britain, 2,1O2. 694;
France, 62S,676; continent, 1888, 1858.
Not included in totals
The Savannah morning news., 1903-02-27
Buv at enc ner 81 NM discount

Buy at soc per $1,000 discount.
$50 to $500, zoe: $500 to 5000, CSC; $500
to $500, 30c; $500 to $500, Csc: $500 to
$500, 4Oc; $500 to $500, 45c. over $500
at the rate of 75c per 81, 900 premium.
SECURITIES-Th market is fairly
active. with the offerings of the more
desirable stocks limited, and chiefly in
request.
The Savannah morning news., 1903-02-27

Cdliy 1OllOH NdTh6I--
calves ton-Strong; middling 15-16c;
net receipts. 5,193; gross. SOB; sales,
2l2S; stock, 212,27S. Exports-Coast-
wise 1894
Norfolk-Firm; middIing 9 15-16c;
net receipts, 1857; gross, 1857; sales,
l254; stock. 31,719. Exports-Coast-
WISE 1907
Baltimore-Nominal; nniddling 101sc;
gross receipts, 1882; stock, 5,642.
Boston-Steady; middling 10.25c; net
receipts, LISP; gross, 8, 469.
Neutrality-suspicious.; middling 912c;
net receipts, 80; gross, 80; stock, H.
54S
Philadelphia-Firm; middling 1O.50c;
stock, $685.
Savannah-Firm; middling 9azc; net
receipts, 1886; gross, 1856; sales, p
516; stock. $500. Exports-Coastwise
250
New Orleans-Firm; middling SAC;
net receipts. 1926; gross, 1925; sales,
1890; stock, 312,599. Exports-Conti-
nent, $780,
Mobile-Firm: middling 9%c; net re-
ceipts, 35; gross. 35 stock. 1900.
%Memphis-Firm: middling 97sc; net
receipts, 1,444: gross, 2.641; sales, T.
500; stock, 62,154
Augusta Steady; middling 10Hc;
net receipts, 633; gross, 633; sales, 226;
stock, 3441z.
NHdrIeSlOn--t1fm, nluulnS J94c,
net receipts. 90; gross, So; stock, TO-
S44. Exports-Coastwise, 300.
Cincinnati-Steady; middling 9Ac;
$50.
+Louisville-Firm; middling 9Bc.
"st. Louis-Firm; mddling 11-16c
net receipts, so; gross, $3.50; sales, 951;
stock, 27,453.
FHouston-Steady; middling7 1Oc: net
receipts. 1886; gross. 1886; sales. 1929;
stock, 36, $50.
New York-Quiet; middling 1025c;
gross receipts, 1894 sales, 356; stock,
1850 EXports-Great Britain, 1923;
continent. 2.74s: France, i5O
Port Townsend-Net receipts, 1900;
gross, 1000 Exports-Continept, 1900.
Total To-day. at All seaports-Net
lhib5; Great Britain, l23; France. $50;
continent, 1915: stock. Szs939.
Consolidated. Al All SeOports-Net,
ll9.1OJ. Great Britain. gs.lz5: France,
80, continent S6.4gl.
Total Since Sept. I. at All Geaporls-
The Savannah morning news., 1903-02-27
MeTCh0DIS Z Miners Transportation Go
STEAMSHIP LINES
To Baltimore & PHILADELPHIA

Tickets on Sale to All Points North
and West.
First-class tickets include meals and
berths Savannah to Baltimore and
Philadelphia. Accommodations and
cuisine unequaled.
The steamships of this company are
appointed to sail from Savannah as
follows Central Standard Time:
TO BALTIMORE.
'NEY ORLEANS, Capt. Peters, SAT-
URDAY, Feb. %, 5 p. m.
LEXINGTON, Capt. Kirwan. TUES
DAY, March 8, $3.50 q. m.
ITASCA, Capt. Hudgins, THURSDAY,
March s. a. m.
TO PHILADELPHIA.
BERKSHIRE, Capt. Ryan. sATUR-
DAY, Feb. %, p. m.
D. H. MILLER. Capt McDorman,
WEDNESDAY, March 4, . a. m.
ALLEGHANY, Capt. Chase, SATUR-
DAY, March Z. II noon.
Ticket Office No. 112 Bull street.
J. w. SMITH, Agent.
J. A. DUFOUR, Trav. Agent.
Savannah, Ga
w. r. TURNER. G. P. A.
A. D. STEBBINS, G. M.
J. c. WHITNEY, I'd v. P. and T. M.
General Offices, Baltimore, Md.
The Savannah morning news., 1903-02-27
Savannah Bank
and Trust Go.
Capital, S35O,OOO.


JOSEPH ID. WEED, President.
'oAN c. ROWLAND, Vice President.
"M' F. McCAULEY, Cashier.
sAML' L. CLAY, Assistant Cashier.
general banking and exch&nRs
business transacted.
savings Department., interest
computed qoarterly.
accounts of merchants, backs
HG corporations solicited.
american Express Company's iet-
'Fs OF credit issued available in all
parts of the world.
collections carefully made and
promptly accounted for.
safety Deposit Boxes ana Storage
vaults for rent.
correspondence invited.
The Savannah morning news., 1903-02-27
Southern
Railway.

Trains arrive and depart Savannah
by yOth meridian time-one hour slow
er than city time.
Schedule Effective Jan IA. 1908.
TO THE NORTH AND EAST.
The Savannah morning news., 1903-02-27
SEA ISLAND COTTON.

The closing was quiet, with quota
tions noninally unchanged. The de-
mand was good for highs, but moder-
ate for lows.
Prices q hout 40 foIinuS.
The Savannah morning news., 1903-02-27

'Daily. Except Sunday.
Connections made at terminal points
with all trains Northwest, West ard
Southwest.
Sleeping cars on night trains between
Savannah and Augusta, Macon. At
lanta, Columbus. Ca, and Birming-
ham, Ala.
Parlor cars on day trains between
Savannah. Macon and Atlanta.
For complete information, schedules,
rates and connections, apply to
w. G. BREWER, City Ticket and
Passenger Agent, LOT Bull street, or
W. R. MCINTYRE, Depot Ticket
Agent.
]. c. HALLE, Gen. Pass. Agent.
r. J. ROBINSON, Asst. GenI Pass.
Agent. -v
THEo. d. KLINE, General supt.
.,y Savannah. Ga.
w. A. wINBURN. Vice President and
Traffic Manager.
The Savannah morning news., 1903-02-27
Atlantic Coast Line Railroad Co.

EFFECTIVE JAN. 10, 1908.
Trains Tmeone Hour Slower
DAILY tDaily. Sunday. sDay. Monday.
The Savannah morning news., 1903-02-27

BETWEEN SAVANNAH AND TY-
BEE.
Trains arrive at and depart from
Tybee depot. Randolph street, foot of
president
Standard Goth meridian) time, one
hour slower than Savannah city time.
LEAVE SAVANNAH.
1900 a. m, 80 p. m.
LEAVE TYBEE.
*9:45 a. M, $500 D. m
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1903-03-03
Mayor Drennen Renominated.

Mayor Bremen is the democratic
nominee. The will of the party is dis
tinct, definite and direct, and it is now
the duty of every democrat to fall in
line and Loyalty accept Walter Mel
vile Drennen as the standard bearer of
the party.
Mayor Drennen IS the representative
of the democratic strength of Birming
ham, and he should and doubtless will
consult in his official work all classes
and shades Of opinion. He should and
doubtless will make himself the official
head of the entire population, for his
nomination in the democratic primary
means that he will be elected without
real opposition. He will soon begin
his third term, and perhaps he can two
years hence duplicate his victory of
yesterday, but The AgeHerald hopes
he will be content with a service of
six years. thus doing no further harm
to the rule against third terms The
Age-Herald has striven and will con-
tinue to strive for the re-establishment
in Birmingham of the unwritten law
which has been widely adopted, and in
the end its contention will prevail,
and third terms will be vetoed by the
people. In this matter The Age-Herald
takes no backward steps; it will go for
ward contending for the wholesome
rule as matter of public policy, but
at the same time it will assist and
support Mayor Drennen in every effort
he makes for the public good. 1t will,
however, insist upon full publicity of
every act and contract of the mayor
eitys affairs.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1903-03-03
TIE PRESIDENTS EXPENSE.

Washington Cor. Baltimore News.
1t is not too broad an assertion to say
that it will cost President Roosevelt twice
as much money to occupy the White
House three years as it did President Nc
l<inley during his full ana part term.
President Mckinley came to the White
House confronted by big personal debt.
He paid every dollar that he owed, and at
his death had a few thousand dollars for
Mrs. Mckinley. But it was necessary for
Mckinley to practice close economy. Even
the moderate entertaining he had planned
was prevented by a series of personal mis-
fortunes in his immediate family. and
since the war America has not had such
a quiet social administration as that of
Mckinley, which President Roosevelt has
followed with the livellest.
The total appropriations for all purposes
in the executive department aggregate
size 900. The Presidents salary is $50. 900
and the contingent expenses of the execu-
tive office are $4,000. In the executive Of
fee the government has made provision
for the various secretaries and clerks. lust
as in any other business department of
the government The secretary to the
President receives $4,000 year. two assist
ant secretaries $4,000 each, executive clerks
and disbursins officer $1,000. two clerks at
$1,000 each, six clerks of class 4, one clerk
of class T. who shall be telegraph ope-
rator; steward at $500, usher to the Presi-
dent at $1S00, chief doorkeeper at $500.
four doorkeepers at $1,000, four messengers
at 1920, three messengers at $780, watch
man at 5000, one fireman at s72O; in all,
e45 naa
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1903-03-03
Captain Wier's Victory.

The majority for Captain Wier as
chief of police is Unexpectedly heavy.
In a service of four years Chief Austin
had accumulated many enemies in the
course of duty, and they were massed
against him yesterday. and he was
defeated. There was feeling at the
polls yesterday that Captain Wier's
long service entitled him to promotion,
and this no doubt brought him many
votes.
Captain Wier has an opportunity to
make fine record, and it is believed
he will meet the reasonable expecta-
tons of his friends and supporters. He
has ever been an efficient officer, and
his character is so high he will GER
tainly stand for the best possible con-
dition of law, order and justice. He
may be able to secure this without
increasing the number of arrests. The
percentage of arrests in this town is
and long has been unprecedented, and
Captain Wier may be able to preserve
order and at the same time lessen the
number of arrests. The percentage of
arrests is not creditable To US, and If
this percentage be really unnecessary
Captain Wier can be trusted to insti.
tute all needful measures of reform.
In retiring from the office of chief
at the end of his present term it can
be said of Mr. Austin that he has made
an upright. conscientious officer who
has always done his duty as he saw
it. He is man Of rare courage. earn.
est convictions anu untiring energy.
Though his vote was not sufficient to
nominate him, he has the respect of
the entire community.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1903-03-03
Prosperous Conditions.

Sidney III. March, representing Lauden-
burg, Thalman & Co, of New York, the
largest international banking house hav-
ing an American branch. spent yester-
day in Birmingham and left at night for
Nashville. Mr.. March is one of the best
Informed financiers in the country and
his knowledge of business and industrial
conditions in Alabama, Louisiana, Ten
nessess and the south generally is known
to be thorough. He Is president of the
Birmingham and Atlantic Railroad COM
pany, which operates a blast furnace in
Talladega. as well as a road
Our furnace has been undergoing re-
pairs for week and it will be another
week before it is in blast but it is in
first class shape and is making IA good
record" said rIr. March THE Birming-
ham and Atlantic Railroad company has
a valuable piece of property, and my peo-
pie are well satisfied with ii"
In speaking of the money market and
business in general, Mr.. March said that
the situation was satisfactory and that
the outlook for continued prosperity
was excee dinghy bright.