davidaulloa/AmericanStories huggingface dataset:
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-29

100000 to 11,250,O0O bales. But this
year You can hardly place money on
bets that the crop will not be IL ,00O,-
600. In fact, any amount of money
can be had that the crop is not 10, $780,
600. This report on cotton is not in
line with what the majority believe,
for the moment, however, in view OF
big advance in price and the amount
of cotton that the South will be Will
ing to sell, the figures are more than
likely to cause halt In the market.
We have had big rise, and it be-
hooves traders to proceed Very eau
tiously above Toe. 1t does not re-
quire great stretch of the ina gina
tion to picture a reaction to 9%c, and
still have cotton to sell at all sorts of
figures in the spring. Spot markets
are firm, but domestic spinners don t
come in as expected. The crop Is not
believed to be a liberal one, and for
this reason the short side will hardly
be popular. We would only buy on a
good reaction from this figure. If the
market halts just here, reaction is
more than likely. Trade to-day was
limited and operators We're less active
on both sides of the account.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-29

New York, Oct 2S.-Cables were very
good wher New York opened to-day In
the face of a very bearish crop esti-
mate by an English operator, who has
for some weeks been observing the
crop situation in the South. This was
regarded as significant and the trade
here attached no Importance to the es-
innate, iEasmuch as evidence of a short
crop is so general. Furthermore No
Vember is at hand and there are no
signs of any more remarkable move
ments in the crop the rest Of the sea-
sou than has been the case heretofore
The spinning world is growing anxious,
and cotton goods have already been ad-
vanced and are expected to go still
higher. The market was excited and
higher at the opening, Prices rose 4 to
points. Shorts were anxious although
receipts promised to be large at the
ports, probably $4,000, against $1,000
last year. Trading was slow after the
opening but there were forecasts of
rain in the Southwest and this on top
of the frost was regarded as very in
furious. Similar forecasts for other
sections made sellers cautious. Some
realizing, however, prevented much of
a rise. The fact that the New York
stock dropped to $4,000 was significant
Gables were unchanged from yester-
day and this in itself was quite bullish
Temperatures were higher in the belt
Estimates: Houston, 21,500 to 22, 500,
against 1885 last year; New Orleans,
1000 to $1,000. against 16,367, and Gal
weston, $4,000 to $4,000, against H,15O.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-29
w. 6. TYSON.
PUBLIC ACCOUN TANT,
COTTON FUTURES.

New York, Oct. 2S.-The cotton mar
ket opened firm, l point lower to 8
higher. the decline being confined to
the November option and for a time
ruled firm, showing advances shortly
after the call of from TO 10 points on
better cables than expected and con-
tinued bull support in the winter
months. The market news aside from
further reports of frost in some sec
lions, was favorable, however, and
with the receipts both at ports and
interior points, heavy liquidations soon
set in that reflected a reactionary ten
dency. Still, selling was not aggres-
sive and until near the close the market
ruled about steady around the closing
prices of the previous night with trad
ing very moderate. Then Wall street
turned heavy seller and prices weak
ened rapidly, with the market closing
at practically the lowest prices of the
session. 1t was steady at the decline
and showed a net loss of to 10 points.
sales were estimated at 1000 bales,
against $4,000 yesterday and 1900, 900
bales the previous day. A factor in
the late selling was the reports from
Hhe leading Southern spot markets,
which were generally lower and with
the prospects for continued large ex-
ports for the balance of the month
owing to the outward movement of be-
lated October contracts.
Cotton futures at New York; Oct. 2S:
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-29
NEW ORLEANS COTTON MARKET.

New Orleans, Oct. 2S.-Spot cotton
was in fair demand but the views Of
factors were weakened by country
offerings art Slice below yesterdays
board figures. The heavy movement to
ports is having it's effect in causing
sellers to make concessions in many
lists. Sales, 1850 bales, including $500
to- arrive. Quotations reduced Bc.
Futures opened to 6 points higher
on better Liverpool than expected and
on weather predictions for rain nearly
all over the belt on Thursday and Fri
day Liquidation by satisfied longs
was heavy and served to check a wide
advance. Prices fluctuated in a ner-
vous way thfoughout the day, at no
time going more than point or two
above the opening. A. second squirt Of
realizing sales sent prices down sharp
ly. resulting in net losses of from to
9 points on all positions.
Cotton futures steady: October. $3.50
9.S5c; November 9.7369.75c; December,
s.7Sc; January, 9.7S@9.7 9c February,
9.S5@9.S7c: March, 9.s4@9.s5c; April
9.99G1e.01e; May, 10,06@1007c; June,
10.09M1O 12c; July. 1013m1015c
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-29

the whole movement was very trivial
and net changes were insignificant ex-
cept in a few cases. The dullness OF
the market was itself reflection in
some sort of way of the uncertainty
felt over the St. Louis situation, Which
prompted a waiting attitude rather
than disposition to sell. There was
no selling which was attributed to
st. Louis account, unless It could have
been in American Car. On the other
hand the stocks of the Southwestern
roads centering In st. Louis were
among the few features OF pos
tive strength in the market,
although there was nothing to
show that there was any sig
nificance local to st. Louis attaching
to this movement. Pennsylvania also
was strong, and Peoples Gas had an
early advanced, based on favorable
court decision. The speculative move
ment in AmaIgamated Copper might
be classed as marking time, and the
dealings in the stock were in much
diminished volume. The situation at
ST. Louis resulted in telegraphic trans
fers to that city from here through
the sub-treasury of $2,100,009. In addi-
ton, there was $650sOO0 sent to Chi
cago and 100000 to New Orleans.
Banks are also known to be shipping
heavily through other channels. This
is a plain intimation that the Western
crop moving needs, although long de-
ferred, are making large inroads upon
local banking reserves, Quite aside from
the emergency requirements at st.
Louis. 1t was not surprising, there
fore, that the rate for call money
should rise to per cent. this after
noon and the tone of the time money
market grew distinctly ffrmer. The
rise iii local money rates may have
contributed to the sharp break in sterl-
ing exchange, although the offerings of
cotton mills were reported to be in
very large volume and heavy exports
of grain were also engaged.
There was some falling off from the
recent volume of business in bond
transactions and a reactionary tenden-
cy in spots made the market irreg
ular. Total sales, par value, 1885,
900. United States rs advanced "A per
cent on the last call.
Total sales of stocks to-day were
4O9, 800 shares, including Atchison, ST.
55O Baltimore and Ohio 1850; Erie,
Ii 300; Missouri Pacific, 40,S0O; M. and
W.. 5000; Pennsylvania, 52,100 Read
ing, 10,700 Rock Island 1880; st. Paul,
1915; Southern Pacific 1870; Southern
Railway, 3,6O0j Texas Pacific, $3.50;
Union Pacific, 30,725; Copper, 27,500;
American Car, 9,160; Brooklyn Transit,
1915; Peoples Gas, 400; Steel, 6,050;
Steel preferred, 2S,992.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-29
STOCKS AND BONDS.

New York, oct. 2S-The effect of the
ST. Louis situation on the stock mar
ket was again somewhat obscure to-
day. The expressions of confidence
over night from that point that the
situation is sound had a reassuring eff
feet on the early trading, and prices
hardened.
The opening Of business in st. Louis
which was somewhat later owing to
the difference in time, was followed
by a reaction in stocks. The very
heavy Withdrawals of currency from
this center by St. Louis carried the
level OF prices OF stock generally be-
low last night But the last hour Of
the market showed the best prices Of
the day, the morning level being gene
efally exceeded by fraction. In the
final dealings prices yielded again and
the closing was rather easy.
A survey OF price changes viii show
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-29
NAVAL STORES.
Wednesday, Oct. %

Wednesday, Oct %.
TURPENTINE. - The turpentine
market opened steady at 551s TO 55%c,
sales none. and closed firm at 55$4c.
sales S79 casks. The demand was fair
during the early hours, and towards
the closing showed decided Improve
ment. Lack of urgency keeps the
snap out Of the market, however, and
until there is a more general grabbing
for supplies by exporters it appears
the market is not to take on any new
life The crop is still the subject of
much comment by the trade, and the
belief still is that it will be short, and
that consumers viii find the production
barely equal to their needs The re-
ceipts We're 695 casks, and the exports
none.
ROSINS-The rosin, market opened
firm at the prices below, sales 2.251
barrels, and closed firm and unchang-
ed, no further sales. The demand
was on the whole satisfactory for all
grades, and the closing found the
offerings in factors hands well taken.
The receipts were 1,s11 barrels, and
the exports none. Prices as follows:
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-29
Market, easy; sales, 1,120.


Galveston-Firm middling. 1Oc; net
receipts. 17171; gross 17171; sales. 206:
stock 19t,11S Exports-Coastwise,
@0lS; continent, $50; France, 91S6
Norfolk-Steady; middling. 10Kc; net
receipts, Ais; gross Ais; sales, 4S9;
stock, 12S9S. Exports-Coastwise
ISL
Bqtimore-Nominal, middlings 1925;
gross receipts, Sf5; stock. $3.50.
Boston-Quiet; middling, 10.35c; gross
receipts, 2,117 ExpoFts-Contineflt,
1888
Wilmin Eton-Weak; middling, 10c;
l8428 Exports-Great Britain. 10000.
Philadelphia = Steady; middling,
10.6Oc; gross receipts, 1,149; stock, 1S45.
Sayannah-Quiet; mddling, 1Oc; net
receipts. 1875; gross, 1895; sales
lOO5; stock. $3.50. EXports-GFeat
Britain, 3,94O; continent, $3.50; France
1900
New orleans-steady; middling,
S15-16c; net receipts, 1902; gross, Il,
V2; sales, $3.50; stock, 141 ,555. Exports
Continent 6.071.
Mobile-Easy; middlfng, 10 Lie; net
receipts, 4,354; gross. 1854; sales. SO;
stock, 1853. Exports-Coastwise $50.
'Memphis-Easy; middling, 10c; net
receipts, 1894; gross, 1854; sales, 1,S5o;
stock, Il. Al.
'Augusta-Firm middlfng, Zoe: net
receipts, 1886; gross, 4.f52; sales, sOS,
stock, 28. 904.
Charleston-Fifn: mfddling. csc; net
receipts, 2.166; gross, 2,166; stock, 15'-
724. OBSERVATION-DISCLOSURES LIE.
'Cincinnati-Dull; rniddling; lie; net
receipts, %; gross, %; stock, 500:
'Lousville-Firm; nlidd1ing, lO1sc;
est Louis-Steady; middling, 10c;
net receipts, 202; gross, 545; stock, l, 5S2.
Houston-Steady; mfddling, 9 Is 16c;
net receipts 11,7SO; gross, 11.7sO; sales
1906 stock 1882.
New York-Quiet; middling. 10!35c
net receipts, SO; gross, 4,450; sales, 5es;
stock, S6,753. Exports-Great Britain
81
Total to-day, at ali Seaports--Net
receipts. 5000 Great Britain, 1880;
France. 1895; continent, 11,15O; stock
sO9,47.
Consolidated. at all Seaports-Net.
1851 Great Britain, S1,7S6; France,
1876; continent, 46,S25; japan, 1900
Total since Sept. I, at all Seaports-
Net 1.S27,519; Great. Britain, 49,, 61S;
France, 164.555 continent, 4S7,7 6S; ia
pan, 1890; Mexico 1900.
Not included in totals.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-29
MONEY mARK EFT.

New York, Oct. 2S.-Money on call
firm. at S95 per cent; closing bid. AZ
per cent. offered, per cent. Time
loans firm, so days. AZ per cent; nine
ty days and six months 1905 per
cent. Prime mercantile paper, 51s@
81 per cent. Sterling exchange weak
with actual business in bankers bills
at $4.S5. s594s540 for demand, and at
$4S2m4S21O for sixty days; posted
rates, $4,S3 and $4s6ta. Commercial
bills. S4s1sl@4sf7s. Bar silver, 60ssc.
Mexican dollars, 46Ac.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-29
pay GoOnS.

New York. Oct 2S The dry goods
market is faboring under adverse in
fluences. On the one hand is the
conservatism of buyers induced by
the unsettled financial conditions,
while on the other is the increased
independence of manufacturers, who
are Influenced by the upward trend of
the raw materiah Operations are
limited but prices are steadier.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-29
LIVERPOOL CoTfoN MARKET.

moderate business done and prices 4
points lower; American middling fair,
6.06d; good middIing, 5.sSd; middlihg,
5.76d; low TniddHng, 5.70d; good ordi-
nary, 55Sd; ordinary, 5.3Sd. The sales
Of the day were 5000 bales, of which
500 were for Speculation and export.
and included 4f00 American. Receipts,
5000 bales, including 1900 American.
Futures opened and closed easy;
American r1iddling. good ordinary
clause, October, 561d; October Nevem-
Der. .47c: November December, 5.42d;
December january, 540d; January
February. 5.3Sd; February March,
5.SSd; March April 5.S7@5.SSd; April
May, 5.37d; May-June. 5.S6d.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-29
COTTON.

Spot cotton closed easy. with sales
of lilo bales from factors tables. The
demand was moderate, with the dispo-
sition to withhold on the decline to
let prices drop as far as possible be-
fore entering with supporting orders.
In the f. o. b. market the demand was
fair with the current price for basis
good midding 10be. The country
showed no eagerness about selling, and
the day closed without feature.
The following were the official spot
quotations at the close of the market
at the Cotton Exchange to-day;
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-29
ware 4 beIand's Cotton Letter.

New York, Oct 2S.-On Monday we
had the advance, yesterday the break,
and to-day both weakness and
strength. 1t is a hard market to guess
and it was small wonder prices flew
around in very uncertain fashion.
While not as weak as yesterday dur
ing the morning. the market was not
strong and a lot of cotton seemed to
be for sale on any advance. The fea-
ture of the day was the Buston estl-
mate of II, 250O0O bales, which was re-
ported yesterday. Last year Buston's
estimate was 11500,eOO and with late
frost much more. The frost was late
and yet the crop turned out less than
10, 100000. Last year nearly every one
looked for a crop anywhere from 49,
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-29
TRADE AND FINANCE
arrnN MARKET SCORES A MOD
ppATE DECLINE ON LIGHT DE-
MAND.
SPOT MARKET CLOSE QUIET
.s>r'aENT STILL o'EnwaEL~-
vet. s.LLIsH, HowEN Err.

curpentfne Market Closed Firm
~ 3-4c, with the Demand Equal
-. the OHerIngs=ROsin Firm
snot cotton in Moderate Demand,
n,,, Factors Asking Full Prices
p.ir Activity in the 4. o. b. Mar
,.ot-L.ocaI and TeIegraphic Mar
kets.
The Morning News ONCE,
Wednesday. Oct: %.
rho cotton market was again rest
..n from its recent gymnastic efforts,
IA the day closed with prices to
81 roints lower at New York. 1t was
ATTY we'll understood that the market
was going DIT a pace which could not
W. tent long, for at 20 to 30 points a
Adv the clouds would soon be reached.
u Is a saying of an old trader that
lang leaps soon reach a turn.
With the declines Of the past two
aovs however, the bulls have not
changed their opinion in the least,
ond still adhere to the theory that
The maintenance of the price on prev
ious COnQlIlOSS llAeoio az ~
when conditions Believed to be much
stronger are proved and the market
discounted. It is urged that the
statistical position warrants higher
nrices. and this coupled with the
smallness of supplies at European
sninning centers and the limited crop
strengthens the belief that advances
will he realized later on. Uneertain-
~ characterizes the market, however,
as is shown by the price movement
the past few days.
Turpentine closed firm at 55$c, with
the demand satisfactory. TS,sins closed
firm. with the demand fair and the
offerings taken. The wholesale nlar-
kets closed steady. Details Of the
different markets as follows:
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-29

Trains arrive Savannah as follows:
NO. 20. daily. from New York. Wash
mgton and Cincinnati, $40 d. m.
NO. 49, daily. from New York ana
washington 600 =. IN.
NO. 50, daily, from all points West
via Jesup, 1859 D, IN.
All trains arrive and depart from
the Union Depot;
Trains. 29 and 80. THE WASHING
TON AND FLORIDA LIMITED.
Eestibuled limited trains. carrying
Pullman Drawing-room sleeping Cars
between Savannah and New York.
Dining Cars serve all meals en- route.
Also PullmFn Drawfng-f O0fn Sleeping
Cars between Savannah and Cincin-
of he Sky"
For information as 70 rates. sched-
ulees etc., Spply to
c. II. ACKERT. g. n. Washington,
,n 9; II I HAg1w1cK. q. p. A.. wash
w. H. TATLoE. A. @. p. A. ATTAIN
Ia, Ga.
r c. BLATTNER, Depot Ticket
Agent. Union Depot, Savannah. Ga.
K. @. THOMSON. G. r. q T. A.. sa-
varinah. Ca. III Bun street. Phones
$50
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-29
FINANCIAL.

DOMESTIC ". Y. EXCHANGE
Buying Nc discount. a+ r.
Selling; s25 and under. 10c premium;
$25 to $50, Use preIfiiuini $50 to $780, zoe
premium; 800 to 5000 CSC premium I;
5000 and over, par. ..t M !.
FOREIGN EXCHANGE - Market
weak. Commercial demand. sterling.
$4.S425! sixty days, S4.S0.75 ninety
days, $4.79.25: French, 5.22h Belgian.
5.23: marks. sixty days. "a 3-16;
ninety days, 1875. 1865
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-29
SEA ISLAND COTTON.

The sea island cotton market closed
steady, with the demand good. Prices
snow very little change. Included in
The sales are exporters interior pur-
chases, so that the transactions re-
ported do not represent local opera
IONS entirely. The crop is being gath
cred rapidly. Damage is reported in
some sections, and the general belief
now is that the out-turn may not ex-
coed 10000 bales.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-29
sPoT CoTToN At NEW YoRk.

New York, Oct 2S.-Cotton spot
closed quiet middling uplands, 10. S5c;
middling gulf, 10.6Oc sales, 56S bales.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-29
HARRIS, GATES & CO.
MEMBERS

MEMBERS:
sew YORK STOCK ExCH ANGE.
r5tsiv1 YORK COTTON EXCHANGE.
New YORK PRODUCE EXCHANGE
CHICAGO STOCK. EXCHANGE.
S,1iICAcO BOARD OF TRADE.
vE;JV YORK COFFEE EXCHANGE.
CoTToN DEPARTMENT 10 Wall st.
New York. .,,....
ORDERS solicited for Future Dsllvefiea.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-29
IN Southern
ON Railway.

Trains arrive and depart Savannah
by goth meridian tme-one hour slow
er than city time
Schedule Effective. Oct. II, 1903.
TO THE NORTH AND EAST
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-29
A. 3. RAxTER & 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 once, No. 81 Broadway.
Omces tr principal cities throughout
the South. Write for our market man
uai and book containing instruction
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-29
New York Cotton Exchange Won't
Close.

New York, Oct. 2S.-The board of
governors has decided to deny the pc
tition to close the Stock Exchange
next Monday. the day before election.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-29
Savannah Bank
and Trust Go.
Capital. S35O.OOO.

JOSEPH d WEED, President.
JOHN e. ROWLAND, vice President.
WIN. F. McCAULEY, Cashier.
sAML. L. CLAY, AssistSnt Cashier.
general baAEi~e asa excha=gs
Business transacted.
savings Department istereat
computed uaarterIy.
Accounts OF merchants, baHEa
and corporations solicited.
american xpress Company's let
'ers OF credit issued avaIlabIe in all
parts of the world.
COLLECTIONS carefully made and
promptly accounted for.
Safety Deposit Boxes and Storage
Vaults for rent.
Correspondence invited
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-29

CharlestoIl, s. G., Oct. 2S.-Turpen-
Resin steady: A, B. C, 2.65: d,
s2.15; E, s2.25; F, $40; g, s245; n,
$3.50; I, $3.50: X, $500; NJ, $500; n.
$3.50; VIC, $3.50: WV, s4.t0
Wilmington, N. G., Oct. 2S.-Turpen.
tine firm at 551sc; receipts, Al,
Resin steady at s2.10; receipts, 10S.
Tar firm at $3.50, receipts, g.
Crude tufpentine firm at S2.25, $3.50
and $3.50; receipts, 81.
New Orleans, Oct. gSs--Receiptsi Ros-
in, AL barrels; turpentine, So,
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-29
Atlantic CoastLine Railroad Co.

EFFECTIVE SEPT 81. 1903.
tn Meridian Tnc--One Hour Slower Than City Time.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-29

The following are the Savannah Cot
ton Exchange quotations:
Bank Stocks.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-29

Continued on Tenth PagA.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-04-18
SOUTHERN RAILWAY.
Schedule effective April 8, 1868.


Trains leave from Pennsylvania Station.
$40 am Daily Local for Harrlsonburg. War
renton, Charlotte and way stations.
1851 am. Daily. Washington and Florida Linn
tied. First-class coaches and drawing room sleeper
to Jacksonville Fla. Dining service.
11:16 am. Daily. United States Fast Mall.
New Orleans. Dining ear service.
4:Ol pm. Week Days Local for Harrisonburg
and way stations on Manassas branch.
4:3O pm. Daily. Local for Warrenton and Char.
S:45 pm. Daily. New York and Atlanta Express.
Frst-class coach and sleeper to Atlanta; Mondays,
Wednesdays and Fridays, Sunset Route Tourist
sleeper Washington to San Francisco Pullman
$50 pm Daily. New York and Florida Express.
First-c1ass coach and sleeper to Jacksonville ans
Port Tampa; sleeper to Augusta and connection for
1901 pm Daily. New York and Memphis Lin
tied (via Lynchburg). First-class coach and sleep
ing car to Roanoke, Knoxville. Chattanooga and
service.
1o:45 pm. Daily. Washington and Southwestern
Limited. All Pullman train club and observation
cars to Atlanta and Macon; sleepers TO Nashville
Atlanta, Macon. Memphis. New Orleans. Dining
TRAINS ON BLUEMoNT BRANCH
week days, 100 Pm. 4:a5 pm. and 6:25 .. IN.
Latter to Leesburg oniy.
Through trains from the South arrive Washington
6:42 am, 6:52 an, TAO an. 9:45 an, 2O0
from Harrisonburg, II :55 m. week days and 9:05
pm daily. From Charlottesville. s:2s am. and
9:O6 pm. daily.
Tickets sleeping reservations and detailed
information can be had at ticket offices. 7O5 18th
street, GIL Pennsylvania avenue and Pennsylvania
Station. Baggage checked through from hotels and
Phone 1s4o p R. R. Cab Service
G. Fl. ACKERT, General Manager.
s. II. HARDWICK, General Pass'r Agent.
L. S. BROWN. General Agent