davidaulloa/AmericanStories huggingface dataset:
The Savannah morning news., 1904-08-06

Spot cotton declined another X of
a cent yesterday and the tone of the
market remained easy. Sales of 345
bales were reported, bought for ex-
port and, it is reported, at official
quotations. This lot of cotton was not
sufficient to satisfy the demand, but
other holders refused to sell at prices
bid. The receipts for the day were
bales, while the exports, coastwise,
were 100. In the f. o. b. market some
business was done on the basis of
109zc for good middling, and at a
slightly lower figure for full delivery
The futures markets continue to
hold up prices, to the surprise of trad
ers. 1t is reported from New York
that this is due TO the manipulation
of bull interests, who figure that it
will be some five weeks yet before
cotton will come on the market in
sufficiently large quantities to meet
the daily demand for it. At New
York yesterday the markets closed
with the list from 1 to Is points up;
at New Orleans from to points
up, and at Liverpool from ! to 6
points up. Liverpool spots also adj
vanced points over the closing of the
previous day.
The Savannah morning news., 1904-08-06
Receipts Past Week: Upland 1s SeS
DAILY COTTON MARKET.

Galveston-Quiet; middling. 1917; net
receipts. 2S2; gross, 2S3; sales, 2S;
stock, 1920.
Norfolk-Net receipts, So; gross IS;
stock, / 300
Baltimore-Nominal; middling. 11.25;
net receipts, So; gross. SO; stock 64S.
EXports-Great Britain, 394; continent,
299.
Boston-Quiet: middling, 1O.45; net
receipts SO; gross, 233. Exports-Great
Britain. 1,90S
mington-Nomnal; net receipts.
!; gross, L; stock. 109. Exports-Coast-
wise. "a.
ladelphia-Steady; middling, 10. 20:
net receipts. 40; gross. 40; stock, S29.
Savannah-Quiet; middling, 1885 net
receipts, 3: gross, 3; stock, 1865. Ex-
ports-Coastwise, 100.
New Orleans-Quiet; middling. 10%
net receipts, Ill; gross, Ill; sales, 500;
stock, 30SS2 Exports-Great Britain,
1900 coastwise, 219; continent, 2,092
Mobile-Nominal; middling, 10: stock,
S5S
Memphis-Steady: middling. 10Y
net receipts, Il; gross, Il: stock, Ills.
Alphabetically; middllng, 1OSs: net
receipts, ~; gross, 10; sales, S.; stock,
a.2s7.
Nominal; stock, 54S Elk
ports-Coastwise, %.
ACKNOWLEDGEMENT; net receipts,
80; gross, 80; stock, 4009.
%Louisville-Firm: middling, 10%; net
receipst, &c; gross, 20.
"St Louis-Quiet middling, 10% net
receipts, S; gross, III; sales, 400: stock.
9,4Ss.
+Houston-Quiet; middling, lOK: net
receipts. l54. gross, 1884, stock, 4,576.
EXpOrts-Coastwise 103.
New York-Quiet; middhng, 1915;
net receipts. 20; gross, 2O3; sales. 1855;
stock, 3S.5SS.
Total To-day at All seaports-Net
receipts, 594; exports, Great Britain,
$500; continent 1891; stock, 90,45e.
Consolidated, at All Seaports-Net
receipts, 1888; exports. Great Britain.
5.47S; France, 1,001; continent, 5,424:
Japan, 1905; Mexico. 4S2.
Total Since Sept. /, at All Seaports-
Net receipts, 7.l23,094; exports. Great
Britain, 2.4eS. 400 France, 500. 0SS: con-
tinent, 1855, 1898, Japan, 46, 1876; Mexico
25.2l0.
mot included ia totals.
The Savannah morning news., 1904-08-06

when the average condition was placed
at 91S. As compared with the out
look in recent years, II now seems
almost certain that we are TO raise
a good cotton crop. The importance
of this can hardly be over estimated.
There is abundant opportunity for
money to be made in speculative way
without a cotton famine and manipu-
lation, such as have been seen in the
past two years AS far as the cot
ton market itself is concerned, prices
held remarkably steady after the re-
port was received, a result due to the
fact that there is n deficiency in sup
ply of actual cotton at the present
time, and it will be several weeks be-
fore sufficient new cotton is available
to weigh on the market. 1t must not
be forgotten that the price is a rea-
sonable one, and that the crop has not
been gathered Many traders have
been surprised al the failure of the
future market TO decline this week.
This failure has been due TO unusual
support by prominent interests. and
the South seems to have sold about all
the cotton they care to sci! at this
date Because the market has failed
to decline under the high figures. from
Washington il does not signify that
cotton is going higher within the next
few weeks. There is likely to be a
market similar to that of the last two
or three weeks. though it is doubtful
whether tibet advance will carry Octob-
er as high a 10c this time. Until
cotton begins to move freely and some
of the many holes to be filled with
cotton are filled. there is not likely to
be any great change. Sentiment in
most sections is inclined to the view
that later on we will have lower
range of values. with ii steady and
somewhat cratic market in the mean
time
The Savannah morning news., 1904-08-06
GENERAL MARKETS.

New York Aug. 5.-Flour dull, but
firm in consequence of the strong
wheat market; winter patents, $3.50
565.
Rye -four firm; fair to good, s415@
440.
Corn meal firm; yellow Western,
$1.10@1.12.
Rye nominal
Wheat-Spot, firm; No. 2 red, nomi-
nal elevator. Options opened firm on
foreign buying, broke under improved
spring wheat reports, after which
shorts had a bad scare, advancing
prices to high point of the season.
Later the market sagged off and closed
partly 1c net lower; September $1.01A !;
December, $1,000.
Corn--Spot, firm; No. 2, 5S1ac. OPP
crop news, rallied with wheat but
finally broke under liquidation and
closed h@9sc net lower. September,
57Ac; December, 55Ac.
Oats, spot, dull; mixed, 26932 pounds,
1@43c.
Beef steady.
Cut meats firm; picked bellies, 90
1Oc; picked shoulders, TIC; picked
hams, 10A@ Ole.
Lard dull, refined slow. -
Pork steady. lkl-laE
Tallow quiet. go. ti!A! iElTgN!N
Rice steady.
Molasses firm.
Coffee, spot Rio, steady; mild steady.
Sugar, raw, firm; fair refining, g.
Ice; centrifugal 96-test, 4@4 116c; mo-
lasses sugar, 8 Slice refined firm
The market for coffee futures open
ed steady at an advance of points
in line with bullish crop news, which
impaired steadiness to the market,
which closed steady at an advance OF
10015 points. Sales $3.50 bags.
Butter, steady to firm; unchanged.
Cheese steady; small, colored, fancy,
Sc: small, white, fancy, SC.
Eggs unchanged.
Potatoes steady; Long Island. N.5O
62.00; Jersey and Southern, $1.5O@1.7S;
Southern sweets. $3.50@4.5O.
Cabbages, quiet; Long Island and
Jersey. per barrel, 25@50c.
Cotton by steam to Liverpool, 12c.
Cotton seed oil was strong on good
buying orders, thus covering. Prime
crude, f. o. b. mills, &c; prime sum-
mer yellow, 2S02S1ac; off summer yell
low, nominal prime white, Bic; prime
winter yellow, BIC.
The Savannah morning news., 1904-08-06
DEMERE & HAMMOND's


Daily Cotton Letter From New York.
New York, Aug. 5.-The response of
Liverpool this morning was not very
exhilirating. but it's cables explained
American buying orders came in aft
erwards to give prices a fresh slim
illus The market here has been mar
row. but very strong. held by few
operators whose activity was devoted
to advancing the general level so as
to make possible the execution of SELL
ing orders on a scale up. 1t is suspect
ed that the selling of October from
9.70c to 9.74c was the leading bull. The
bull campaign seems to rest on the
broad proposition that new cotton can
not come in on the market in a volume
equal to the worlds current needs-say
100000 bales per week-before the mid
die of September, and, therefore, that
there remains an interregum of i've
weeks during which the over extended
short interest will be at the mercy of
any crop damage which may arise at
a season of the year when serious de-
terioratiOn can safely be expected. AL
ready the daily rains in the Gulf and
Atlantic sections are being made the
basis for complaints of too much weed
ana 100 little 1rult, although other ad-
vices are almost unanimous in pictur-
ing the plant as loaded down with
bolls. 1t is also predicted that within
a week or ten days Texas will raise a
loud howl over the weevil and boil
worms, thus furnishing the needed
scare to run out the short interests.
With an avtive bull element watching
for such reports, we may expect sharp
advances regardless of whether any
serious damage results or not. The
situation seems to be in hands of bulls
for next few weeks and should they
succeed in forcing prices above ten
cents, believers in a bumper crop
should have no quarrels with them for
furnishing a higher level for further
short sales. Liverpool is due to come
to 4 up Tomorrow
The Savannah morning news., 1904-08-06
NEW YORK FUTURES
FIRM ON BULL SUPPORT

New York, Aug. 5.-The cotton mar
ket opened firm a an advance of sail
points or rather better than due on the
cables. Trading at first was moder-
ately active Some shorts had evidently
been rendered uneasy enough by the
recent resistance of the market to
cover on scattering reports of dam
age in cotton in the general belt by too
much rain and there were also signs
of bull support. After selling up a
little higher, however, the market at
tracted liquidation. Traders on the
long side are none too confident and on
each slight advance take profits while
ii also appeared that the bulls were
willing to reduce their lines on any
appearance of outside buying orders.
But while the market sagged off a few
points. 1t ruled nervous rather than
easy but there was evidently very lit
tie inclination to sell aggressively all
though the renewed prediction for an
early and full new crop of cotton
amounting to 232 bales at Galveston and
1873 bales at Houston was evidently en-
couraging some offerings through some
commission houses. After ruling ir-
regular during the middle session with
prices a little off from the opening on
some positions, the market in the aft
ernoon turned very firm on active Wall
street bull support and reached a net
advance of 16@19 points on the active
months. Toward the close the
market was active ad realizing by
room longs eased prices off a few
points, but the close was steady at a
net advance of l point on August and
of 12@15 points on later months. The
bulls seemed to be buying later posi-
tions and selling October which they
were credited with buying heavily
earlier in the week. The into sight
movement for the week proved smaller
than looked for and exports We're mod
erately full.
Sales futures were estimated at 225,-
900 bales.
The Savannah morning news., 1904-08-06
COT TON.

New York. Aug. 81 shall be obliged,
II my friends in the South will send me
on Saturday evening a night-rate tele-
gram, not exceeding ten words in
length, at my expense, giving briefly
the crop outlook I'm their section. 1t
is my own opinion that too much has
been taken for granted of the present
crop. In the past fifteen years. with
only two exceptions, the crop has al
ways deteriorated during the month Of
August and the market has always ad-
vanced. ON Jan. / last year opinion
differed in regard to the size OF the
crop by n million bales. II seems to
me a little premature. therefore. TO be
counting upon "a mammoth crop dur
ing the coming year as "a certainty.
Theodore Price.-ad.
The Savannah morning news., 1904-08-06

Fruits and Nuts.
ENTHUSIASTICALLY.
WATERNIELONS-S
LOUPES-75cq$1.0O crate.
kCHES-75c@$1.O0 a carrier.
p1ITMS-S1.00 a carrier.
pPTrNES-20s to S0s, 1Sc; 30s to 4Os,
az. A0s 40 sos, Sc, Sos to COS, INC; COS
.o' zos ssac; 70s to sos, &C; sos to Dos.
&c: sos to zoos, 41ac.
tpE kNUTS-Ample stock. fair de-
-. market Arm; fancy hand-pick-
l IA tWireinias, TIC; n. c. peanuts. she;
eS Virginios, eye.
NItrTs-Alnnonds, Terragona, 419c;
,,.Soes 12hc; walnuts, French, 12ikc;
1880 1Iisc; pecans. l0c; Brazils,
a,berts, lie; assorted nuts, So
StsS, and 25-pound boxes. l2c.
Dricd and EvaPOrnted Fruits.
ApPl.Es-Evaporated, INC; sundried,
0% ACKNOWLEDGEMENTS. fancy. lsc;
en no ikSIsINS-L T., 2-Crown. s1.s5; g.
coon. $500: 4-Crown Clusters, s2.75:
100 ,nuscatells. Sc; 1-pound seeded,
IoSc -. imperial cabinets, SO per box.
'PEA HES--Evaporated. peeled. Ice;
EARs-Evaporated. 10%c.
cITRON-A. s. drum, 14kc; fancy
co-sician. IN 1O-pound boxes, 14hc.
SsfTRR NEUTRALITY-SUSPICIOUS.. &c.
sugar.
The Savannah morning news., 1904-08-06
WORLDS VISIBLE SUPPLY.

New Orleans. Aug. 5.-Secretary
Hester's statement of the worlds
visible supply of cotton, issued to-
day, shows the total visible to be
1,467,215. against L561,335 last week,
and 1857, S43 last year. OF this the
total of American cotton is $780,
215, against 72O.JS5, last week, and
742.S43 last year, and of all other
kinds. including Egypt. Brazil, In
dia, etc, $4,000. against S41. 900 last
week, and 1926. 900 last year. OF the
worlds visible supply of cotton
there is now afioat and held in
Great Britain and Continental Eu-
rope $4,000. against $4,000 last
year; in Egypt, $4,000. against H.
900 last year; in India, 401, 900,
against $4,000 last year, and in the
United States, $4,000, against $780,
900 last year.
The Savannah morning news., 1904-08-06
IN OTHER MARKETS.

New York. Aug. 5.-Rosin steady.
Turpentine steady. 55% d56hc.
Charleston. S. c., Aug. 5.-Turpen-
tine firm. 52hc: sales none
Rosin firm. sales none. A, b, c.
S2.25d2.35; y. S23062.S5: Z. S24O: r.
S2.45: @. $3.50 II. s265. /. $40: X.
s3.45: NJ. t3.70: n, $3.50. w. c., S4.221s.
W. w. S447h.
Wilmington. n. c.. Aug. 5.-Turpen-
tine. nothing doing receipts. rs casks.
Rosin. firm: $3.50 bid; receipts. 3i5
barrels.
Tar. hrm. $40; receipts. ii2.
Crude turpentine, lrm: t2.25. 1915
and $500 receipts. 233 barrels
New Orleans. Aug b-Recefpte. ros-
In, io5 barrels turpentine. o..
The Savannah morning news., 1904-08-06
WARE & LELAND


Review Cotton Trade of Last Week.
New York. Aug. 5.-The regular
monthly report was, Of course. the fea-
ture Of the week in cotton circles.
The figures Of 91.6 proved to be some
what higher than the majority ex-
pected, and taken from the standpoint
~ the trade, and the cotton grower
OF the South, the outlook is now one
Of exceptional promise. only once In
the last fifteen years have these figures
been exceeded. that Of August. 1894.
The Savannah morning news., 1904-08-06
BEARS WAITING FOR
NEW CROP RECEIPTS

New Orleans, Aug. 5.-Cotton futures
steady; August 1O.25@1O27c; Septem-
Der, 9.73@9.74c; October, 951Q9.52c; No
venber, 8, 49@950c; December, 1880
9.5Oc; January, 9.54@9. SIC; March. 9.6S
Qes4c.
In the spot cotton market buying
was very light, the supply exceeding
the demand. II is reported that San
Antonio has about 1000 bales OF new
cotton, for which no satisfa Glory offer
has yet been obtained. Sales, $50
bales. Quotations unchanged.
Futures We're steady at the opening,
with quotations 2G4 points up. Prices
were fairly well maintained, the sup
port coming chiefly from the New
York bull clique. Rears showed but
little aggressiveness, and were In a
waiting attitude; il is their belief that
the movement of new cotton will be-
come extremely heavy within a short
time, and that this movement will
prove to be an irresistible weight on
the market. Houston reported receipts
of 1852 bales of new cotton yesterday
and 1874 bales to-day. Galveston re-
ported 232 bales of new cotton, and re-
ceipts of new cotton was reported at
many points In the belt. In the local
market fluctuations were within mar
row limits. September opened points
down. at 9.7Oc, sold up to 9.75c. de-
clined to 9.66c and finally recovered to
9.73c. The market closed steady, show
ing net gains of 7@S points.
The Savannah morning news., 1904-08-06
DRY GOODS.

New York, Aug. 5.-The dry goods
market conditions are not particularly
satisfactory, either with the jobber
or with first hands. Local jobbers
complain that retailers have not COM
menced active work. and naturally
they are not inclined to operate until
they determine how their stocks are
to be absorbed.
The Savannah morning news., 1904-08-06
SEA ISLAND COTTON.

In the sea island cotton marked last
week business was dull and the mar
ket remains easy with prices nominal.
The sales reported are made up Il is
understood. from exporters stocks and
do not represent sales from factors
tables.
been very quiet during the last week
and prices are nominal and unchanged
as fololws:
The Savannah morning news., 1904-08-06
sAVANNAHS CURRENT MARKETS

Note-These quotations are revised
daily and are kept as near as possible
in accord with the prevailing whole
SAFE prices. Oficial quotations are MOI
used when they disagree with the
Drlces wholesalers ask.
POULTRY-Market good demand
springers. 25030c per pair; three
Quarter grown, 40@55c; hens, !0QSoc.
EGGS-Country, 16c; strictly cam
died. tic. r,,o+ "a
Ann Quotations: Extra Elglns, oV
tubs, 22623c; choice Elgins, zOQatc'
New York state, zoe; renovated ou''ei'
19c. 1orcv full
CHEESE-Market, firm; FANCY oI hIi.
cream cheese, 22@25-pound, llH1Wlzc'
20 to 35-pound, 11A@n%c: .,
WHITE PEA BEANS-$2.4O pusnei'
POTATOES-$2.25. o.. "A
0NIONS-Egyptian. in sacks *S'VV'
CABBAGES-$2 90 crate.
Breudstuns, Hay and Grain
E1OrrR - Patent, 1915; straights,
e. * fancy, $4.75@4.50; family $780,
sDr;ne wheat, best patent, Sc. %.
MEAI-Pearl per barrel, % 30; per
sacr Il 80; water ground, H.45; Pearl
It's per sack. $3.50: Pearl grits' per
So, ~. rs; city meal. 81 AN.
OdIICAs W. r--aEv. Markets.
The Savannah morning news., 1904-08-06
SPOTS WENT LOWER
MARKET CLOSED QUIET AT DE-
CLINE OF x OF A CENT
SALES WERE 345 BALES
QUOTATIONS PAID FOR 1T AND DE-
MAND STILL UNSATISFIED

Some Holders of Spots Refused to
Sell stock at Prices Bid-SOme
Business in +. q. u. for Both Inn
mediate and Fall DeHVery-Re-
ceipts ut This Port Yesterday, But
Three BnIes-ExpOrts CORstwise
100 DaIes-Futures Markets Com
tinue to Maintain Good Prices.
Bull Clique Believed to Control
Market.
The Savannah morning news., 1904-08-06
SPOT COTTON AT NEW YoRK.

New York. Aug. Spot cotton
closed quiet; middling uplands, loose:
Gulf. 10.7Oc Sales, / ,056 bales.
Cotton futures at New York, Aug,
The Savannah morning news., 1904-08-06
LOCAL FINANCIAL MARKET.

The following are the Savannah Cot
ton Exchange quotations.
DOMESTIC EXCHANGE -Buying at
SOC discount, selling UP to s25. 10c; $25
to $50, loo; $50 to 500, zoe; 500 to $780,
25c; $500 to $500. zoe; $500 to $500, CSC;
$500 to $500, 4Oc; $500 to 5000. 45c: over
5000 at the rate of 75c per $1,000 prem
ium.
FOREIGN EXCHANGE - Market
firm. Commercial demand sterling,
81. $500. SS1s sixty days, 81. ssh; nine
ty days, $4S4: francs firm, $5.1712:
sixty days, SISSY: marks, 952s 695 q
Ice; sixty days. "a 13-16694Nc; ninety
days. 94%@94 11-16c.
The Savannah morning news., 1904-08-06
MEEKLY COTToN MARKEr.

New York. Aug. 5.-The following
statistics on the movement of cotton
for the week ending Aug. 5. were COM
piled By the New York Cotton Ex-
change.
WeeLlV Movement.
The Savannah morning news., 1904-08-06
AT THE CLOSE.

FUTURES;
Liverpool, TO points up.
New York. / to Is points up.
New Orleans, : to points up.
SPOTS;
Liverpool. 2 points mp.
New York, unchanged.
New Orleans, unchanged.
savannah, sc down.
The Savannah morning news., 1904-08-06
LUMBER MARKET.

Exports of lumber aid cross-ties
from Savannah for the season begin
ming July 1, as posted at Board of
The Savannah morning news., 1904-08-06
LIVERPOOL COTTON MARKET.

liverpool Aug. 5.-Cotton, spot,
quiet; prices 2 points higher; Ameri-
can middling 6.2Sd; good middling.
6.14d; middling. 6.02d; low middling.
5.S6d; good ordinary, 5.64d: ordinary,
5.40d. The sales OF the day were 1000
bales, of which 800 were for specula-
tion and EXPORT. and included 6, 400
American. Receipts. 100 bales. all
American. Futures opened quiet and
closed steady. American middling.
good ordinary clause: August, 5.16d
August September. $500; September
October, 5.39d: October November,
5.2sd; November December. Sad De-
cember-J January, 5.21d: January Febru-
airy, 5.2Od; February March, 5.20d;
March April 5.2td.
The Savannah morning news., 1904-08-06

Receipts Ports This Season.-The fol-
lowing table shows the receipts at all
United States ports since Sept. /, 1903,
and for same time last year:
The Savannah morning news., 1904-08-06
Brought into sight

Brought into sight
thus far for season 10, 006,S98 1O,6o',U94
Including $50 bales St. Louis cor
rection.
Comparative Cotton Statement
New York. Aug. 5.-For the week
ending Friday, Aug. ):
Net receipts at all L. S. ports
during week ................... 1858
Net receipts at all L. S. ports
same week last year ......... 1888
Total receipts since Sept. 1....7, 123,09
Total receipts to same date last
year ...................G,( Ol,3oo
Exports for the week ..... 1870
Exports for same week last
year ......... ................. 14.555
Total exports since Sept. 1....5 ,854,931
Total exports same date last
year ........ ..................6. 515,169
Stock at all United States ports 90,459
Stock at all U. S. ports same
time last year ................ 20S,672
Stock at all interior towns 80. $1,000
Stock at all interior towns same
time last year ................. $685.
Stock at Liverpool same time
last year ...................... 81, 900
Stock of American a1oat for
Great Britain same time last
year 49,. .................... 5000
Receipts Ports Past Week-The fol-
lowing table shows receipts at all u.
S. ports for the past week and the cor
responding week last year:
The Savannah morning news., 1904-08-06
SPOT COTTON MARKET.

The following were the official spot
quotations at the close OF the market
at the Cotton Exchange Yesterday:
The Savannah morning news., 1904-08-06

west kept the wheat traders GUESSING
to-day. The result was a see-saT
market, with prices fiuctuating within
a wide range. At the close the SEN
TENDER option was up h0Ac. Corn
is off 9sc and oats down Mc. Provi-
sions, nc to 171ac lower.
The leading futures ranged as fol-
lnNsrs ~
The Savannah morning news., 1904-08-06
Hayward, Wick & Co.,
Cotton, Stocks, Bonds,
Grain, Provisions and Coffee.

Direct Private Wires to All Markets.
MEMBERS
New Orleans Cotton Exchange.
New Orleans Future Brokers Assn.
New York Cotton Exchange.
New York Coffee Exchange.
Chicago Board of Trade.
Associate Members Liverpool Cotton
Association.
Savannah Cotton Exchange.
J. NJ. McCORD, Manager,
1O4 Bay East. Savannah. Ga.
The Savannah morning news., 1904-08-06
Hot Springs, Arkansas, One Fare
Plus $500 for the Round Trip.

Tickets on sale every Wednesday
and Saturday during July, August and
September. Return limit sixty days.
The Frisco System in connection
with the Rock Island System from
Memphis offers the best route.
Write for literature and full particu-
lars. S. L. PARROT, District Passen-
ger Agent, Atlanta, Ga.-ad.