davidaulloa/AmericanStories huggingface dataset:
The Savannah morning news., 1904-09-07
SPIRITS HOLD FIRM
BELIEF CURRENT MARKET HAS
PASSED LOW PRICE LEVEL.
DAYS SALES 546 CASKS.
TWO DAYS RECEIPTS TAKEN CARE
OFF WITHOUT DECLINE.

lOsin Market Opened Firm and I'm
changed Except for Slight Decline
On One Grade-CIOse Firm and at
Opening Prfces-Sales Amounted
to 1902 Barrels Some of Post
Market Sales Made at a Decline
on Pales, Except * and others
at Advance On w. w. and Quota
tiOns for Remainder of List-New
York Market Quoted Firm at 275.
The spirits of turpentine market
seems to have reached the bed rock
of prices, and now to be on the up
ward turn. The market opened yes
terday firm at 52% cents, the closing
prices of Saturday, and despite the
fact that there was an accumulation of
two days receipts on the market. The
sales posted at the opening amounted
to II casks. In the afternoon the
close was firm and the price unchanged
while additional sales of AS casks were
posted. In the post market trade the
demand continued good and all re-
ceipts were taken care of at the clos
ing quotations. The receipts for the
two days were LIS casks, and the
shipments Ais. New York was quoted
dull at 5594 cents, and London report
ed 37-71A.
The rosin market opened firm and
unchanged, with the exception that
NJ was 215 cents lower than at the close
Saturday. The sales reported were
1,492 barrels. The close was firm and
unchanged without further sales. but
in the afternoon the offerings, or that
is, the greater portion of them, were
sold at varying prices. Some lots went
at a decline of 71a cents on w. W., 212
cents on w. G., n and l, with quota
tions for the remainder except X,
which advanced 21a cents. Other lots
were sold at an advance of cents on
w w, and quotations for the remainder
of the list. The receipts were 4,0S9 bar
rels, and the shipments $685. New
York vas reported firm at 275.
The Savannah morning news., 1904-09-07
FLOOD OF SELLING
SENT PRICES DOWN.

New Orleans, Sept. 6.-Cotton futures
steady September 1O3O@1O. sic;
October 1o.22G1OsSc; November 1920
1o.24c; December 1O25G1O 26c; January
10.29@10S0c February 1O.S4G1O. sec;
March 1O.41G1O.42c
In the spot cotton market there was
a fair inquiry, but rainy weather had
tendency to check the movement.
Sales 800 bales including 500 to arrive.
Quotations reduced 3-16c.
Futures opened steady with prices
to II points higher. Liverpool private
cables were bullish and prices there
showed an advancing tendency. On
this bad crop news and the expecta-
ton of a bad weekly report form the
bureau was based the advance of over
a quarter of a cent that was SEEM
Late in the morning futures were 30
to 81 points higher than the close Of
Friday. Later in the day flood of sell
ling orders, realizing by shorts and
scalpers running for cover. sent prices
down gradually to about Fridays
closing level In the trading Sep
TENDER opened points higher at 1876
and sold up to 10.59c and finally de-
clined to 10000; December opened u
points up at 1890, advanced to 10.55c
and finally reduced to 10.25c. The
market closed weak with prices I'M
changed to net 4 points lower.
The Savannah morning news., 1904-09-07
WARE - LELAND
Believe There VIII BE No Cheap
Cotton If Texas Crop Is Small.

Believe There VIII BE No Cheap
Cotton If Texas Crop Is Small.
New York. Sept. 6.-There was
great deal of interest in the course of
Liverpool during the holiday here. 1t
was felt that if Liverpool went to
pieces there would be very little hope
of a better market here. But Liver
pool, after declining on Saturday, re-
covered most of the loss, and before
the close to-day stood at about the
level of Friday before the bureau fig
ures came out. The action of the for
eign market influenced many shorts,
as well as traders who had sold out
last week They bought freely and a
reaction of about 30 points took place
at one time. Above 10.6Oc there seem
ed to be cotton for sale which pre-
vented a further advance. and the
market reacted Is points before
O'Clock. The feature of the day was
the weather report for the week. The
report had hardly a good word to
say of any one section, and where
cotton had improved, the area was
stated to be limited. Almost every
thing was complained of and cotton
appears to be going backward rather
rapidly over the entire cotton belt.
Texas stated that the boil weevil was
destroying practically all new squares
in that state. Texas also reported
the yield of cotton much below the
average. We think this the most i'm
portant piece of news from the cotton
belt this season. If the Texas crop
is much below the average, is there
likely to be much cheap cotton this
season?
The Savannah morning news., 1904-09-07

bought freely during the half day Of
Saturday, 5000 bales on Monday and
10000 to-day. The extreme decline was
only IA points. When it is remem-
bered that last Friday. Liverpool held
only 100, 900 bales of all sorts. of which
but 900 were American, it can be
readily seen how soon such a demand
would clean up every last bale Of the
stock there. The probable reason for
active demand was the wet weather.
which seems to have set in during the
past few days. Rains have been gem
eral all the way from Texas to the At
lantic; were as heavy as three inches in
Arkansas and heavy enough in the
Carolnas to call for flood warnings
from the Weather Bureau. Receipts
so far have not come to expectation.
Comparisons with last year are no
higher degree misleading A fairer
comparison would be with the move
rent of two years ago. which brought
into sight about 1,250,000 bales during
September, and which are steadily fall
ing behind.
The Savannah morning news., 1904-09-07

Thursday morning last, and immediate
IL thereafter advised the public of
the fact. and II is because / now see
or think l see. that the government re-
port, issued on Friday, is certain to
result in a recrudescence of the l2,000.-
600 bale talk that am unwilling to buy
cotton for an advance until after some
comparative decline in the movement
shall corroborate the reports of crop
damage
This cannot possibly occur within the
next two months. and l therefore think
my expectation of gradually declining
prices for the next two months is
sound.
You must bear In mind that the spin
ner is the final arbiter of cotton values.
II there were no spindles to use IL, cot
ton would not be worth anything, how
ever small the crop.
II was the withdrawal of the spin
ners that punctured last years specu-
lation, and I'm the face of a report from
the government. which 50 effectively
negatives individual reports OF crop
shortage. the spinner is not going TO
buy cotton except at what he consid-
ers reasonable price. Meantime, we
are face 10 face with probably the larg-
est September and October receipts on
record. and Ia my opinion the effect OF
this movement. IN combination with a
probably slack demand from manufac-
turere, viii create in the next sixty
DAYS hcariah sentiment 90 strong hat
% would oNerwhelm either you or my
self should we attempt TO oppose q.
Theo. ~. price.-ad.
The Savannah morning news., 1904-09-07

dition to this steadiness the trade were
evidently looking for a bullish weekly
report at midday and there also re-
ports of rains in Texas that were said
to be damaging the crop ana delaying
the movement. At any rate the first
tendency here was to cover shorts and
thu market during the morning ruled
firm and higher, reaching a net ad
vance of about "A to % points. There
seemed very little cotton for sale as
riceS worked upwards. People with
bearish views evidently thought they
might get 4 better selling ieVel rs a re-
suit of the bureau weekly report. This
proved about as bullish as looked for,
indicating a quite general deterioration
in the crops condition. But it proved
the signal for more general selling and
it soon became apparent that the ad-
vance of the morning had fully dis
counted the bullishness of the report,
from which, of course, it was impossi-
BILE to say whether the crop had lost
more than would be considered normal
at this season of the year. Prices in
the afternoon ruled generally weak.
Lower Wall street was credited with
selling very heavily and there was no
sign of anything resembling bull sup
port. The market in the late trading
lost all its early advance and while just
before the close there was a slight
rally on covering by room shorts, the
market left off at a net gain of only
to points. The closing was steady
Sales were estimated at $4,000 bales.
The reactionary tendency in the Eng
lish market was attributed to a more
active spot demand at the decline. The
mornings weather map on the whole
was fairly satisfactory and receipts
for the day were heavy, but an in
creased movement is regarded as no
more than natural at this time and the
fact remains that available SUPPLIES are
still very low.
The Savannah morning news., 1904-09-07
GOOD WEATHER
FOR COTTON
PICKING WELL UNDER. WAY
SCARCITY OF LABOR CAUSING
MUCH TROUBLE.

Complaints of Rust, Shedding and
Black Root From Scattered Sec
tions-The Crop Being Marketed as
Fast as Gathered-RepOrts by
Counties From All Parts of the
state.
Atlanta, Ca, Sept. 6.-Section Direc-
tor ]. B. Marbury, in his Georgia crop
report for the week ended Sept o.
says:
During the week just closed the
weather has been warm with abundant
sunshine and occasional local showers,
favorable for general work, especially
picking cotton. Cotton opening rap
idly. In some Southern counties entire
fields are open and ready to pick;
picking beginning in the north, pro-
crossing in other sections and being
pushed as rapidly as the scarcity of
labor will admit; the staple is being
ginned and marketed as fast as gath
cred; complaints of rust, shedding and
black root received from scattered sec
tions."
Southern Section: Appling-The
week was warm. with no rain and
abundant sunshine; cotton not doing
very well, rust and black root in some
localities-somewhat less than normal
yield indicated; bolls opening rapidly.
Dooley-The weather has been very
favorable during the past week for
the growth and maturity of crops; cot
ton picking rapidly, but there is
general complaint of scarcity of la
Dor.
Irwin-Fine week for general farm
work: cation being picked rapidly,
ginned and marketed; the crop will
be short, many early fields being
cleaned up" with two pickings.
Pierce-Fine weather prevailed dur
ing the week, favorable for cotton
picking, which is now quite general.
Stewart-A dry, hot week; much cot
ton picked and sold; all the upland
crop will soon have been picked.
Tattnall-A fine week for harvest
ing crops; cotton opening and being
picked and ginned rapidly; labor very
scarce.
Telfair-Weather generally favorable
for cotton picking, which is progress
ing rapidly.
Decatur-about half the cotton crop
is ginned and sold; the crop will be
short.
Central Section: Crawford-No rain
during week: with continued dry
The Savannah morning news., 1904-09-07
SAVANNAHS CURRENT MARKETS

Note-These quotations are revised
daily and are kept as near as possible
in accord with the prevailing wholesale
prices. Official quotations are not used
when they disagree with the prices
wholesalers ask.
POULTRY-Market good demand;
springers, 25@30c per pair; three-quar-
ter grown, 40055c; hens, 75QS5c.
EGGS-Country. 19c; strictly candled
zoe
BUTTER-The tone of the market is
firm. Quotations: Extra Elgin, so tubs,
2215@23Rc; choice Elgins, 201aQ2l1sc;
New York state, zoe; renovated butter,
19c.
CHEESE-Market, firm; fancy full
cream cheese, 22@25-pound, 11h@12c;
30 to 35-pound, 11H@11%c.
WHITE PEA BEANS-$2.40 bushel.
POTATOES-$2.25 IS.
Egyptian, I'm sacks, $500.
CABBAGES-$1. so crate.
Breadstuffs, Hay and Grain.
FLOUR-Patent, 1918; straight $5.S5;
fancy, $5256550; family, $50; spring
wheat, best patent, $500.
MEAL-Pearl per barrel. 1855; per
sack, $3.50; water ground, $1.45; Pearl
grits, per sack, $1.55; Pearl grits, per
barrel, 1915; city meal, $1.45.
Grain
The Savannah morning news., 1904-09-07
PRESBYTERIAL INSTITUTES
FALL SESSION
Will Open Next Week, wednesday
Sept. Ii.


Blackshear, Ga, Sept. 6.-A week
from tomorrow the Presbyterial Insti-
tute will open for the fourth annual
session. The school has been unusual
ly successful and its prospects are
brighter than ever. For the first time
it seems that there will not be room
enough room to accommodate the stu
dents. During the summer the teach
ers spent their time in preparation for
better work during the coming session.
Miss Elizabeth Fain, teacher of Eng
lish, has spent her time in Tennessee,
visiting the Summer Normal at Knox
Vile.
Miss Agnes Ezell has been doing spe-
ciaI work in music and harmony under
a pupil of List and a professor of Ward
Seminary.
Maj. Martin attended the State Nor
NAL School at Athens.
Miss Julia Gregg has been making
special preparation to take up the work
of physical culture with the girls.
Mrs. Sims has given some time to
looking into the work of the domestic
department at Winthrop N. & l. Col
lege
Rev. A. L. Patterson and DIR. w. P.
Williams have spent a part of their
time at st. Simons, after which the
former visited Glenn Springs.
Mrs. Alma H. Mcmillan has re-
manned at home and will be prepared
for her duties as lady principal.
Miss Laura Quarterman, the libra
rian, after visiting Helena and other
points, spent the remainder of her time
at her home in Dawson.
Principal Wilkinson, after spending
a month here in the interests of the
institute, went to his home and from
there TO the mountains of North Caro-
lima. Prof Wilkinson has returned
and is now at the institute busily pre-
pairing for the opening next week.
The other teachers will return in a few
days and the regular work will be re-
sumed on Wednesday. Sent. IA
The Savannah morning news., 1904-09-07
DAILY COTTON MARKET.

Galveston-Quiet; middling, 10%c;
net receipts, 1884; gross, 1884 stock,
2S.s24. Exports. -Coastwise, 2,S51; con-
tinent. 100.
Norfolk-Net receipts. 100; gross, 100;
stock. 1870.
Baltimore-Nominal; middling. H.
stock, 100.
Boston-Holiday.
Wilmington-Nominal; net receipts.
IS; gross, IS: stock 2s5.
phia-Steady; middling 1135;
gross receipts. 100: stock, 265.
Savannah-Steady: middling, 10%c:
net receipts. S,742: gross. S,742; sales,
1,406, stock, 1850.
New Orleans-Quiet middling,
10 1916; net receipts, 1880; gross, 1880;
sales, 500: stock, 24,046.
Mobile-Easy; middling, 1OlAc; net
receipts. PAP: gross, 242; sales, ZOO;
stock 1855.
Memphis-Quet: middling 1O1sc: net
receipts. 241; gross. 241. stock. S.53S.
+Augusta-Firm; middling. 109kc: net
receipts, 2.242; gross, 1858; sales, 1855;
stock, 5,225.
Charleston-Steady; mddling, 1850;
net receipts, 909; gross, 909; sales. 300;
stock, 1888.
Cincinnati-Nominal net receipts,
100; gross, 100 stock, 3,494
'Louisvile-Firm middling. 107sc.
st Louis-Quiet; middling, l07sc;
stock. 1876
'Houston-Steady; middling. l0Isc;
net receipts, 1921; gross, 1921; stock.
1887.
New York-Quet; middling. 1l.10c;
gross receipts, 425. sales. ISL: stock,
3O.709. Exports.-Gr Britain, 3.O33;
continent. 100.
Pensacola-Net receipts, 81; gross.
81. Exports Great Britain. 81.
Total to-day. at all seaports-Net re-
ceipts. 1888; Great Britain S.0S4; con-
tinent 200; stock, 125.51S.
Consolidated. at all seaports-Net re-
ceipts, 60,S3S. Great Britain, 1873; con-
tinent 1929.
Total since Sept /, at all seaports-
Net receipts, $500: Great Britain. 49,
076. France. SIG; continent, 1921.
Not included in totals.
The Savannah morning news., 1904-09-07
GENERAL DECLINE IN
CONDITION OF COTTON.
From Some Districts, However, Inn
prOvement Is Noted.

from Some Districts, However, linz
prOvement Is Noted.
Washington, Sept. 6.-The Weather
Bureaus weekly summary of crop con-
ditions, says:
A quite general deterioration in the
condition of cotton is indicated, al
though Improvement is reported from
limited areas, principally in the central
districts. Rust and shedding continue
very generally prevalent. Drought
proved detrimental in Tennessee and
drought and heat in Oklahoma and
Texas, although rains. too late to be
beneficial, have fallen recently over
large part of the last named state,
where boil weevils are destroying prac-
tically all new fruit, except in the
North Central counties. Damage by
boil weevil in Louisiana is restricted
to a few small areas.
Cotton is opening rapidly throughout
the cotton belt. and picking is general,
except in the extreme Northern por-
ton.
The weather has been very favorable
for cutting and housing tobacco. a good
crop of which is being secured in Ohio,
the Middle Atlantic states and New
England. Further improvement is re-
ported from Kentucky, where cutting
is now general.
The Savannah morning news., 1904-09-07
LIVERPOOL COTTON MARKET.

Liverpool. Sept. 6.-Cotton, spot. in
increasing demand: prices ten points
higher; American middling fair, 6.75d:
good middling. SGD middling, 6.50d
low middling. sad good ordinary
6.12d; ordinary, 5.SSd. The sales of the
day were 10000 bales, of which 500 were
for speculation and export. and includ-
ed 500 American. Receipts, 2,OOa
bales. including LOO American.
Futures opened steady and closed
very steady. American middling 2. o,
c., September. G06d; September-Octo-
Der. 5.57d; October November, 5.69d
November December. 566d: December
January. SID January and February
SEED February March, 562d; March
April, SOD; April May, 5.6Sd: May
June B. sd
The Savannah morning news., 1904-09-07

Trade was brisk in all departments
of the cotton business yesterday, and
the volume both of sales in spots and
receipts at the port made new records
for this season. The spots market
opened quiet at a decline of Il of a
cent from the close on Saturday, and
at the l o'clock call had declined an
reported steady. The close was quiet
without further change in prices. The
offerings were pretty large and as the
demand was good the sales were heavy,
1,406 bales. The f. o. b. department
opened at 1880. basis good middling,
and was unchanged at the close, when
the tone was reported quiet and steady.
The brokers reported very satisfaC-
tory business that, in the early part
of the daY was done on a basis a lit
tie higher than official quotations. The
port receipts of the day were S,I42
bales, the largest that have been re-
ported the present season. The coast
wise shipments were 2,034 bales.
In the futures markets the events OF
the day We're the better tone of Liver
pool, which after an active day, closed
at an advance both on futures and
spots, and the reading of the bureaus
report which proved of a very bullish
nature. This report had. in a large
measure been discounted. however, and
shortly after it had been read the mar
kets were flooded with selling orders,
which sent prices down well below the
high levels reached in the earlier part
of the day. New Orleans closed un-
changed to loss of few points, while
New York closed with a net gain of
only to points.
The Savannah morning news., 1904-09-07
HAYWARD, WICK & CO.'S
Daily Cotton Letter from New
York.

Daily Cotton Letter from New
York.
New York. Sept. 6.-Our market
opened firm at a decline of points on
September, and an advance of l to 5
points on other positions. The weekly
report proved bullish as looked for, but
had been discounted in the early trad
ing, and prices later eased off to a net
gain of about Is to Is points. Lower
Wall street seemed to be selling quite
heavily in the early afternoon, and the
market looked very nervous and unset
tied. OF course we must expect de-
terioration at this season of the year.
and there is nothing in the weekly bu-
reau to afford any clue as to whether
this deterioration is greatly in excess
of normal. 1t remains to be seen
whether mills will buy freely enough
to relieve bull speculation of carrying
this load. 1t is said that all available
freight room is engaged for September
shipment.
The Savannah morning news., 1904-09-07
DEMERE & HAMMOND
say LiverpooI's strength Surprised
Trade.

New York. Sept. 6.-When the mar
ket closed for the holidays on Friday
last, the general impression was that
10 cents would be seen for the winter
months when the market reopened to-
points on Saturday and more on
Monday increased the confidence in
a further decline here but a surprise
was forthcoming this morning. After
weak opening. Liverpool rallied
sharply and steadily advanced until the
close. which Is only few points lower
than that Of Friday night The pri-
mary impulse TO recovery was the ac-
tiNity in the spot market Spinners
The Savannah morning news., 1904-09-07

Reunion, Rome, Ga, Sept. 14-10,
1904.
A rate Of / cent per mile from all
points in Georgia to Rome and return
has been authorized, account of above
occasion. Tickets on sale. Sept. H. 10
and H. good to return until Sept. 49,
1904.
Call on your nearest ticket agent and
request that he secure you round trip
ticket, routed over the Western and
Atlantic Railroad. the "Old Battlehelds
Line" between Atlanta and Rome.
Double daily trains each way. Write
to the undersigned for beautiful illus
trated battlefield booklet. free. c. T..
Hartman, G. r. A, w. and A. r. R."
Atlanta. Ga.-ad.
The Savannah morning news., 1904-09-07

oAh1-Cdr lotS, lOO pounds burlap
sacks, 36c: 100-pound cotton Sacks SSc;
125-pound burlap sacks, 45c; 125-pound
cotton sacks, 47c; 15O-pound burlap
sacks. sac.
HIDES-Market, firm; dry flint,
141ac; dry sailed, 121ac; green sailed,
TIC.
WOOL-Firm; prime Georgia, free
OF sand burrs and black wool, at 25c:
black, 2Sc; bury. 12Q16c; wax, 26c; tall
low. SEC; deer skin. 22c.
Hardware and Building Supplies.
LIME, CALCIUM PLASTER. AND
Cement-Alabama and Georgia lime
in fair demand and sell at SO6S5c 2.
barrel; special Calcined plaster, $1.5O0
LOO per barrel; hair, 405c; Rosedale
cement, &.15Q1.25; carload lots, spe
cial. Portland cement, retail, S20O0
$2.25; carload lots, special.
LUMBER - Railroad ties, .2762ec:
hewn ties Cx9xS15) 2S@4Oc; hewn ties
(6xS), 26@2Sc; switch ties, s1O.5OlD
liOO easy yard stock, $11.00@12. 90; car
sills, $1S.OoQ15.00; ship stock, $500.
The Savannah morning news., 1904-09-07

APPLES-summer pippins, $3.50 bar
rel. -.
NEUTRALITY-SUSPICIOUS..
CANTALOUPES-$1 GOAL % crate.
PEACHES-75c6$1. a carrier.
PTJJMS-S1 90 a carrier.
PRINES-20s to 30s, 13c; 30s to 40s,
Zoe. 40s to sos, Sc. sos to COS, 7lsc Sos
TO 7os. SIC; 70s to sos, &c; SOS to 9O5,
SIC: COS to 100s 4i2c.
PEANUTS-Ample stock. fair de-
man; market firm; fancy hand-picked
Virginias. FAC; N. c. peanuts 6hc; ex.
Virginias, 6iac.
NUTS Almonds. Terragona, 14l&c:
Ivicas. 12lzc: walnuts, French, l2i2c;
Naples. 14isc; pecans. l0c; Brazils.
oisc: filberts, lie; assorted nuts,
5O-pound and IS pound boxes. 12c.
Dried and EVnpornted Fruits.
Es-Evaporated. 7isc; sundried.
ACKNOWLEDGEMENTS, fancy. 13c:
choice, l0hc.
RAIsINs-L. L.. 2-Crown. 1885, g.
Crown. s. .00 4-Crown clusters s. rs:
loose muscatells. SCI i-pound seeded,
lOAc imperial cabinets. 81 per box
PEACHES vaporated peeled. i6c:
unpeeled. sac
PEARS-E vapoiated. i0Mc.
CTTRON-A g. drum. ifLc. fancy
Corsician, in i0-pound boxes. l4ihc.
CuRRANTS-Barrels. &c.
Cones.
The Savannah morning news., 1904-09-07
IN OTHER MARKETS..

New York, Sept. 6.-Rosin steady;
strained common to good 2.70@2.75c.
Turpentine steady.
Charleston, S. c., Sept. 6.-Turpen-
tine firm, 52Ac: sales none.
Rosin firm; sales none; A, B, G,
s2.4O; D, $2.45: E, $3.50; F, $2.55; G,
$3.50; H. $2.65; 1, $312@S.121s; K,
$3.521s; M, $S.S71a; N, $412@412h; w.
G., $447lh; w. W., $4.77h.
Wilmington, n. c., Sept. 6.-Spirits
turpentine, nothing doing; receipts 40.
Resins, nothing doing; receipts 500.
Tar, firm 150; receipts 11S.
Crude turpentine, firm 2.25, 1915, 3.To;
receipts 1913.
New Orleans, Sept. 6.-Receipts
Rosin, IS barrels turpentine, 2.
The Savannah morning news., 1904-09-07

LIQUIDATION FOLLOWED
BUREAUS REPORT.

New York, Sept. 6.--The market re-
opened after the holidays, Arm h. tone
with September two points lower and
other positions unchanged To- 8 points
higher. This was about as auc on the
cables which having shown decline
o. result ~ the bureau report of LAST
Friday of about le 90 ~ poiuls rallied
this morning and by The hour ~ l4cal
glfnllH we're about af expected on the
heH YORK clofe ri innt Fudly. No. al