davidaulloa/AmericanStories huggingface dataset:
The Savannah morning news., 1904-02-06
- -
WARE & LELAND
Do Not Advise Purchase Until Gin
ners' Report Is in.

40 NOt AuNtSe Fufchase GnttI Gin
ners' Report Is in.
New York, Feb. SIT is hardly nee
essary to go into details regarding the
events of the week in the cotton world.
changed and developments have been
of a very sensational nature. The
Northern leader either as a result of
his own foresight, or through pressure
brought to bear by the moneyed in
terests he represents, determined to
get out while there was still market
in which big line of cotton could be
liquidated. We need not go into
discussion of the motives which led
UP to this step. Sufficient to say that
on Tuesday the rumor spread that Mr..
Sully had sold out. This news was
sent out over our wires within a few
minutes after the fact was known TO
be more than a canard, and while
prices were over II cents. The whole
cotton situation changed from that mo-
ment. This has been the expectation
for some time. There was nothing
legitimate in the last advance of
cents, and it was simply a marking up
process. AS long as all the bull lead
ers stood pat there was no cause for
anxiety. The moment any change
came it was evident there would be
collapse.
New Orleans was evidently left in the
lurch this time. Our natural pride in
the supremacy of New York makes
US far from sorry that the honors lie
in this direction. When the selling be-
gan no power could stop the decline.
Not the Bank of England, when the
time is ripe for crash.
Now as to the future. After or
3 cents imitation has been knocked off
the price, we can expect a sharp re-
action, and then any further advance
will depend upon the ability of the
New Orleans operators to push prices
up. This will hardly be possible if
the ginners report next week shows any
kind of a crop. We have been heliev-
ers in a crop of between 10.200000 and
10.400, 900 bales. and see nothing in the
figures to cause a change from this
estimate. 1t may be more or less. but
receipts do not indicate less than this.
A crop of this size will not
warrant bull speculation at any such
prices. Until there are evidences that
the crop is less. we are not advising
the purchase of cotton.
The Savannah morning news., 1904-02-06
SHOW DECLINE
TOP NOTCH ROsIN GRADES SHOW
DECIDED FALLING OFF.
TURPENTINE IS STILL FIRM
MARKET ADVANCED SLOWLY DUR
ING WEEK JUST ENDED.

While Official Quotation at Board OF
Trade Was G2 1-2c Mt Close Yes
terday Some Sales Were Made AZ
A-COnservative Factors Believe
That Spirit Market VIII Finally
Go to Csc, Based ON Demand for
Home Consumption and Light Re-
ceipts-ROsins Are Coming in at a
Rate Thnt Is Considered Normal.
Turpentine advanced, 1Ac during the
week just ended and while the official
closing quotations at the Board of
Trade were posted at 621ac yesterday,
some sales were made at &c late in
the afternoon, and the market is con-
fidently expected to advance.
Conservative factors tsay that IS
cents at the present time is fair price
for spirits as the market was quoted
at 64c, this time last year. Their
opinion is based on light receipts, and
demand for home consumption, only
IS casks were received here yesterday,
and the sales for the day aggregated
32 casks, while 300 casks were ex-
pected.
ROSINS-The demand for pales has
fallen off considerably during the
week, and the high grades have suffer-
ed in consequence. Water White has
declined from 81 so to $40, which was
the closing quotation yesterday. Win
dow Glass also slid down the stairs
40 points from 81 10 to 1910. N. fol-
lowed suit from $3.95 to So. 45, and M.
from So. 80 to 40.
The commons and mediums have held
their own, and D. is bringing a cent
a pound which is the highest price
for black rosin ever known in the Sa-
vannah market. H. was advanced 5
cents yesterday.
The receipts continue normal and
1898 barrels were brought in. The
sales for the day amounted to 1862
barrels, and exports, 1,514 barrels.
The tone of the market for the lower
and medium grades is decidedly firm
The Savannah morning news., 1904-02-06
ohPpers SEP lively snd p'fE sSSs %s 'SSaas ssas
Furs wanted
EupI Inu O. Qp0 Wholesale Grocers Liquor Dealers
HI EIIlLIUI " UHUEy 1II-II3-II5 Bay Street, West

=; mild steady. The market for corfeo
futures opened steady at an advancs
of 5000 points in sympathy with hette-
French cables than expected. But tha
sensational break in cotton soon causa5
further liquidation by cotton EXCHANGE
interests and almost immediately the
market broke to net loss of about IN
to 40 points, with September seIIinp
down to $500. The decline, however
attracted heavy buying, and the mar
ket was finally steady at a decline Of
10 points to an advance of 10 points
most of the active options being (
points net lower: sales. 423,750 bags.
The coffee exchange will be closed
Feb. 12 and 49,
Butter firm: state dairy, 14G20.
Cheese steady; state full cream fancy
small colored September, 12c; late made
lO15c; small white September, 12c: late
made 10hc.
Eggs steady; state and Pennsylvania
nearby average, finest, 35c.
Potatoes firm; Long Island, SO .OOG
$50; Jersey, 81. 5O@3. rs; Jersey sweets
81 50@3.75; state and western, sacks,
%. .5002.70.
Cabbages steady; domestic, per ton
$20Q35; per 100, 5000.
Cotton by steam to Liverpool. 12c.
The Savannah morning news., 1904-02-06
WORLDS VISIBLE SUPPLY.

New Orleans, Feb. 5.-Secretary
Hester's statement of the worlds
visible supply of cotton, issued to-
day, shows the total visible is g.
S46,S32 bales, against 3,S51,2 last
week, and 1896, 63S last year, and
4,4OS,71S year before last. OF this
the total of American cotton is o.
934,832 bales, against 2,996,202 last
week, and 3.036,63S last year. and
of all other kinds, including Egypt,
Brazil, India, etc, $4,000 bales,
against $4,000 last week, and 929,
900 last year.
OF the worlds visible supply of
cotton as above there is now afioat
and held in Great Britain and Con-
tinental Europe, 2,176,000 bales,
against 1888, 900 last year; in Egypt,
235,00 bales, against 100000 last
year; in India, $4,000 bales. against
AIT, 900 last year, and in the United
States, 1,113,000 bales, against l.
$50, 900 last year.
The Savannah morning news., 1904-02-06

The bears had another inning yester-
day.
Traders are looking for the ginners'
next report like the expectant child
awaits the coming of Santa Claus.
Mr.. w. B. Bennett of Bennett & Co.,
Sandersville was introduced on the
Cotton Exchange yesterday by Mr.. G.
E. Dickinson.
Mr.. ]. r. Bulloch, prominent naval
stores man of Cotella, Ala, was Wis
itor in the Bay district.
Mr.. B. F. Bullard of the Consolidated
Naval Stores Company has gone to the
interior to look into the prospects for a
new crop.
For the first time in the history of
the local Cotton Exchange, quotations
were omitted at the noon and closing
hours yesterday. The erratic market
was the cause
"Where are we at" was the comment
of Broker f. A. Cults as he gazed at
the boards in the Cotton Exchange
Mr.. w. ]. Kelly, vice president of the
Peacock Hunt Company has gona to
Valdosta.
why don't you go in for race with
Vanderbilt" was the question poked
at Mr.. J. G. Carson yesterday, as
he sped away from the Bay in his
forty-mile- -an-hour auto.
The Savannah morning news., 1904-02-06
COLD WEATHER HAS HAMPERED
RICE.

New York, Feb. 5.-Business has not
improved materially over the irregular
character of trading since the opening
of the year. The long continued cold
weather and excessive fail of snow has
interfered with traffic interchanges in
the country. Offerings are ample and
attractive both as to quality and price,
and while buyers are not in anxious
quest for supplies. they are too wide
awake to neglect passing opportunities
for sorting up stocks to the best adj
vantage, hence the movement, while
lacking snap, is very nearly up to pre-
vious average.
Advices from the South note but
little doing on the Atlantic coast. At
New Orleans. sales of the week were
fully up to the average of the season.
with rather sluggish tone at the close,
being a reflection of the untoward
weather conditions North and East.
In the interior-Southwest Louisiana
and Texas-a good movement is re-
ported.
The Savannah morning news., 1904-02-06


alveston-Nominal; middling, Is;
net receipts, 5,215; gross, 5,215; stock,
S1,324. Exports-Great Britain, 4169;
continent, 26.S6S; France. 10,O95.
Norfolk-Net receipts, 2,133; gross, o.
1873: stock. 1890.
Baltimore-Nominal: middling. Is;
net receipts, 113; gross. 113: stock. s.
372. Exports-Great Britain, 1904; con-
tinent. 754.
Boston-Quiet; middling, 1926; net
receipts, 81; gross, 4.675. Exports
Great Britain, 572.
Wilmington - Net receipts, 1,16O.
gross, l,l60: stock, 10.2S4. Exports
Continent, Is.
Philadelphia-Quiet: middling, 1875;
net receipts. As; gross. 70; stock, 2.7S4.
avannah-Nominal: net receipts, o.
96I: gross, 1851; stock, 55,6S2. Exports
--Coastwise. 3.4S6.
New Orleans-Nominal; middling,
10 5-16; net receipts, 9.043; gross. 9,043: (:
STOCK, All .961. Exports-Great Britain,
4.300; coastwis4. res.
Nobile-Nominal: middling, 15k net
-eceipts, 457; gross 457, stock. 1928.
Exports-Coastwise 300.
Memphis-Nominal: net receipts, l.
SS1; gross. 3,513; stock. 74,04S
7Augusta-Nominal; middling. 14h !;
net receipts, 924; gross, 924; sales, 446;
stock. 44.254.
Charleston-Net receipts, 319; gross,
3ls; stock, 11,150. Exports-Coastwise,
l0s
+Cincinnati-Net receipts. 1880; gross,
1880; stock. Sis
"Louisville-Firm; middling, 16; net
receipts, 206: gross, 206; sales, las;
stock, 81.
fSt. Louis-Nominal: middling, l5h /;
gross receipts, 1921; stock, 2O.ss4
Houston~-Nomnal; middling, Is:
net receipts $3.50; gross, $780, sales.
81; stock. 60.5s2.
New York-Easy; middling, 1880: net
receipts, 4SS; gross, 4,276; sales, / 1.e5O
stock, 1921. ENports-Continent 257.
Newport News--Net receipts. 250
gross, 250 stock. 1.16l
BrnAswick-Net receipts, 200; gross,
The Savannah morning news., 1904-02-06
SEA ISLAND COTTON.

The sea island cotton market closed
quiet, and everything was in an un-
settled shape for the past week. There
was evidently no disposition on the
part of spinners to pay the present
prices except for small lots. The re-
ceipts for the week were light, only
713 bales being brought in, against
1872 last year.
The crop in sight up to date is Co.,
142, against S,812. The falling off this
week as compared to last year was
$500 bales. Quotations were un-
changed.
Sea island report week ending Feb.
The Savannah morning news., 1904-02-06
sAvANNAH'S CURRENT MARKETS

Note-These quotations are revised
daily and are kept as near as possible
in accord with the prevailing whole
sale prices. Official quotations are not
used when they disagree with the
prices wholesalers ask.
POULTRY-Market we'll supplied; !;
springers, 30@35c per pair; three-quar-
ter grown, 4O@50c pair; hens, 7OQ75c.
EGGS-24@26c.
BUTTER-The tone of the market is
firm. Quotations: Extra Elgins, 60
tubs, 241ac; choice Elgins, 22c; reno
waited butter, zoe.
CHEESE-Market firm; fancy, full
cream cheese, 22@25-pound, 13c; 80 to
35-pound, 121ac.
WHITE PEA BEANS-$2.50 bushel
POTATOES-$2.75
ONIONS-Native, barrels, $3.50.
TURNIPS-$ 10000 sack.
CRANBERRIES-C Cox, $2.75
box.
Breadstuff, Hay and Grain.
FLOUR-Patent, $515 straights,
$3.50; fancy, $40; family, $4.30; spring
wheat. best patent. $500.
MEAL-Pearl, per barrel. 1925: per
sack, $1.S7h; Pierce's water ground,
$1.4O; city grits, per sack, $1,40; Pearl
grits, Hudnuts, per barrel. 1925; per
sack, s1.45: Savannah Milling Com
pany, meal, $1.35 sack.
Grain Markets.
The Savannah morning news., 1904-02-06
NORDEN q co.
Think That the Worst Has Been
Seen.

Seen.
New York, Feb. 5.-We have had
another day of tremendous liquidation
which at one time forced the market
down to IA cents for May, from which
there has been a recovery of over 50
per bale. At the close the feeling is
still very unsettled, and as stated yes
terday the immediate future of the
market seems to depend to a great ex-
tent on whether the New Orleans bulls
will be able to maintain their position,
or whether they will join in the gen.
eral selling out movement. In the lat
ter case we might still have a very
disasterous break, but otherwise we
believe the worst has been seen.
With the gnners' report to be pub
lished on Tuesday, we continue to ad-
wise taking advantage of this excep-
tional break to buy, though we must
again caution all our friends that rec
ord breaking fluctuations are still to
be expected, making it a very dan
gerous market for the smaller opera
tors
The Savannah morning news., 1904-02-06
LOCAL FINANCIAL MARKET.


Domestic Exchange ge-Buying at SOC
discount, selling up to s25 co. iOc; $25
to $50, 15c: $50 to $780, zoe; $lOO to
$500, Zoe; $500 to $500, soc; $500 to $500,
S5c; $4OO to $500, 4Oc: $500 to $500. 45c
over 600 at the rate of 75c per 81. 600
premium.
FOREIGN EXCHANGE - Marke.
weak. Commercial demand. sterling,
s4.s4.25; sixty days, $4.s075; ninety
days. &4.'9.25: French, 5.22A; Belgian.
5.23; marks, sixty days, "A S-16:
ninety days. 93k.
The following are the Savannah Cot.
ton Exchange quotations:
Bank Stocks.
The Savannah morning news., 1904-02-06

zoo; stock, 1884. Exports - Great
Britain, 200.
Wilmington-Deduct IL bales from
receipts since Sept /.
Total To-day at All Seaports-Net
receipts, %, 394; exports. Great Britain,
1915; France, 10,O95; continent, 27,S7S;
stock, 69SS47.
Consolidated, at All Seaports-Net
receipts, 157, ,449; exports, Great Brit
ain, 1888; France, 1880; continent,
110.S16; Japan, $50; Mexico 1921
Total Since Sept. 1, at All Seaports
Net receipts, 6,096, $50; exports. Great
Britain, 1922, 1876; France, 602, ,S23; con-
tinent, 2,121,S56; Japan. S4,159; Mexico,
22,073
sNot included in totals.
The Savannah morning news., 1904-02-06
SAVANNAH MORNING NEWS: SATURDAY FEBRUARY g. 1904

year . .....................44S6.1S4 4S6. .1S4
Stock at all United States
ports q. ....................... 69S,S47
Stock at all United States
ports same time last year.. 953,509
Stock at all interior towns -. 391. .0S5
Stock at all interior towns same
time last year .................. 42O.OS5
last year ...................... $4,000
Stock of American afloat for
Great Britain same time last
year :. ......................... $4,000
Stock of cotton at all ports Feb. 8.
1904, and on the same day of the
The Savannah morning news., 1904-02-06
WAR TENSION OVERCAME
GRAIN SETBACK,

Chicago, Feb. 5.-War tension TODAY
overcome a violent setback in grain
prices due to enormous realizing sales.
Losses of &c a bushel were made in the
May deliveries of wheat, corn and
oats, but the war news offset all Other
influences, and caused a recovery of
all the loss, closing prices being at the
top. Compared with last nights final
figures were, 9s@1ac lower, for Nav
wheat, 1sc higher, for corn, with oats
unchanged. Provisions were easier
the May products closing, 5 to 17l5c
lower.
The leading futures ranged as fol-
lows:
Opening Highest. Lowest. Closing
The Savannah morning news., 1904-02-06

The entire trend of events in the
course of cotton has changed during
this week. 1t has been a week fraught
with sensation. feverish and unsettled.
The market has seen the most violent
fluctuations. perhaps. in its history.
The past few days of the week have
been characterized by continued liqui-
dation. and the market has shot down
like wounded bird. Twenty-cent
cotton which was the dream of traders
week ago, now seems to be only
mirage in the desert of speculation.
Tuesday. with cotton at the II mark,
Sully, the New York bull leader, sold
out his holdings and announced his re-
tirement from the market Since that
time the market has changed front and
despite the strenuous efforts of the New
Orleans ring to keep up the price, it
fell with thud, and great indeed was
the fall thereof. May sold down as low
as IA cents yesterday under a terrific
bear drive.
The cables have been disappointing,
and the pessimistic news from the Far
East has been a contributing factor TO
the general decline.
One popularity of the market is the
fact that spots have refused to follow
the pace futures have set; and the in
terror is still holding on to its cotton.
Exporters are willing TO deal on a ba-
sis of futures, but the decided disin-
clination of producers has kept the
market nominal. Illustrative of this
condition for the first time in the his
tory of the local cotton exchange, no
quotations on spots were posted after
the opening yesterday, it being impos-
sible to guage such an erratic market:
and consequently no sales were made.
There has been but little done in f.o.b..
owing to the inability of brokers to
bring the exporters and producers to-
gether on an equality of terms.
Yesterday witnessed another down
ward turn, and Liverpool went off 50
points in futures. while the declines in
New York and New Orleans were al
most as marked.
Cotton, at the present time, is like
the marble in a roulette wheel. no one
seems to know on which number it
will drop
The Savannah morning news., 1904-02-06
DRY GOOps.

New York. Feb. SIN the dry goods
market to-day buying has been limited.
the usual condition of the cotton mar
ket causing buyers to stand aside for
the time being and await developments.
Both buyer and seller are pursuing a
conservative policy the manufacturer.
not being inclined to sell very far
ahead even We're he able.
The Savannah morning news., 1904-02-06
RECEIPTS AT PORTS.

New York, Feb. 5.-Receipts at the
ports to-day %, S94 bales. against 1926
last week, and 24,S37 last year. For
the week. 160.000 bales, against 1928
last week and 1874, ,161 last year. To-
days receipts at New Orleans were
at Houston, $3.50 bales, against 4,207
last wear.
The Savannah morning news., 1904-02-06

day were 5000 bales. of which 500 were
for speculation, and export, and in
cluded 400 American. Receipts, 1000
bales no American.
Futures opened irregular. and clos
ed weak; American middling, G. o. c..
February, 7.35d; February March,
7.S5d; March-April, 7:S6d April May,
7.3Sd: May-June 7.39d; June-July,
7.39d; July-August, 739d; August
September, 7.1Sd: September October,
6 SGD; October November, 6 Esd.
The Savannah morning news., 1904-02-06
KING COTTON is ILL
NEW ORLEANS DOCTORS UNABLE
To REsUSCITATE HIM.
SULLY DESERTS HIS BEDSIDE
AND PULSE WEAKENED THROUGH
HIS ABSENCE.

Week just Closed Has Been Cnrac-
Snots and Futures Have Suffered
in the General DecIine--FOr First
Time in History of Local Cotton
Exchange no Quotations Were
Posted on Spot Cotton After the
Opening Yesterday-F. o. B. BrOI<-
ers Unable to Bring Producers
and Exporters Together.
The Savannah morning news., 1904-02-06
CoTrON Seed OIL.

New York. Feb. 5.--Cotton seed oil
firmer, but still without notable de-
n'and from jobbers. Prime crude f
o. b. mills, 3OG30Isc prime summer
yellow, 37iac; Off summer yellow nomi-
nal; prime white, 40c; prime winter
yellow, 40I42c.
The Savannah morning news., 1904-02-06

New York, FEB. 5.-Rosin steady.
Turpentine steady, 66@661ac.
49, Charleston, S. c., Feb. 5.-Turpentine
and rosin nominal; quotations omitted
Wilmington, N. c., Feb. 5.-Turpen-
tine firm at Gle; receipts, 5.
Rosin firm at $3.50; receipts, $50.
Tar firm at $1.40; receipts, 211.
Crude turpentine firm at $3.50, $4.25
and $4.25; receipts, 104.
New Orleans, Feb. 5.-Rosin: Re-
ceipts, lis; turpentine. %. Exports,
Liverpool. turpentine. 200: Port Limon.
rosin, rs.
The Savannah morning news., 1904-02-06

Fruits and Nuts.
APPLES -$4.OO@425; choice. $500
3.75
ANANAS-s1. .50@2OO.
COCOANUTS-Sack of 100, per sack,
$3.50.
ORANGES-Florida, $2.75@3. 90; Cali
fornia navel, $500 a box
LEMONS-New Massinas, 1925.
MALAGA GRAPES - Heavyweight,
$500 per keg; mediums, $4.25@4.5O per
box.
PRUNEs-2Os to SOs, 1sc; sOs to 4Os.
10c; 40s to sos, &c; sos to COS, 71kc;
COS to 7Os, SIC; 70s to sos, &c; sos to
90s, SIZE 9Os to zoos, 41sc.
PEANUTS-Ample stock, fair de-
mand; market firm; fancy hand-pick-
ed Virginias &c; N. c.. peanuts, sc; ex.
Virginias, 515c.
NUTs-Almonds. Terragona. 14hc;
Ivicas, 1312c; walnuts, French, 12kc;
Naples, 1415c; pecans, 10c; Brazils,
912c; filberts, lie; assorted nuts, So
pound and 25-pound boxes. 12c
Dried and EvapOrated Fruits.
APPLES-Evaporat 71sc; sundried
5%c.
ACKNOWLEDGEMENTS, fancy, 13c;
choice. 10Ac.
RAISINS-L. L. 2-Crown. $1.S5: 81
Crown, 50. 90; 4-Crown clusters, $2.75;
loose muscatells, Sc; 1-pound seeded.
10S4c imperial cabinets. SO co per box.
PEACHES-Evapora peeled. 16c;
unpeeled. sac.
ARS--Evaporated, 1oAc.
CITRoN-A. S. drums, 14hc fancy
Corsican, in 10-pound boxes, 14hc.
RRANTS-Barrels, &c.
Anu
The Savannah morning news., 1904-02-06
Opening. Highest. Lowest. Clos

Mess PORK per barrel
May :. $1S 20 $1S 721a $13 45 $1S so
Lard, per 100 pounds
May 7 5aA Z 50 50 80 755
Short Ribs. per 100 pounds
May -. 771s 6 S21a SIS 771s
July >. s21z 6 s21a SIS s21s
Cash quotations were as follows:
Flour firm; No. 2 spring wheat, $50
9Sc; No. 8, S0@92c; No. red, 921b6D
CSC; No. 2 corn, 5214c; No. yellow,
52Ac; No. oats, 43A@4S%c; No. 2
white, 451ac; No. 2 rye, 621ac; good
feeding barley, 39@40c; fair to choice
mailing, 48@5Sc; No. l fax seed, Sill;
No. l Northwestern, $1.1S; prime tim
othy seed, $S.15; mess pork, per bar
rel, $19.5O@13.621s: lard, per 100 pounds,
$I35Q7371a; short ribs sides Ooose),
$6.75; short clear sides (boxed), $3.50
6.S715; whisky, basis of high wines,
$1.27; clover, contract grade, $10.75@
11.00.
Receipts - Wheat, 47,20O bushels;
corn. 241, 100 bushels; oats, 1865 BUSH
els.
The Savannah morning news., 1904-02-06
LIVERPOOL MARKET.

Liverpool, Feb Spot cotton mod
crate business done. prices. 26 points
lower; American midding fair. 0sd:
good middllng. 7.92d. middling sgd:
low middling. 776d: good ordinary
1861 ordinary, 7.46d. The sales of tile
The Savannah morning news., 1904-02-06

New York. Feb. 5.-Compa rative cot
ton statement for the week ending Fri
day. Feb. 5.
Net receipts at all United States
ports during week ........... 157.449
Net receipts at all United States
ports same week last year.. 1857
Total receipts since Sept. LID, 1896. $50
Total receipts to same date last
year !. ....................... 6.05i. .Oi2
Exports for the week ......... 174,936
Exports for same week last year 207.652
Total exports since Sept. 1.,..4 4,602,e76
Total ex' 80 same date last
The Savannah morning news., 1904-02-06
WEEKLY COTTON MARKETS.

Receipts Ports Past Week The fol-
lowing table shows receipts at all
United States ports for the past week
and the corresponding week last year:
Week Ending Feb. 5: 1904. 1903.
The Savannah morning news., 1904-02-06
sPor COTTON AT NEW YORK.

New York, Feb. 5.-Spot cotton clos
ed easy. Is points lower, middling up
9andss, 15.50c middling gulf. 15.75c;
sales, 1850 bales.
Cotton Futures at New York, Feb.