davidaulloa/AmericanStories huggingface dataset:
The Savannah morning news. (Savannah, Ga.) 1900-current, 1904-08-26
NEW ORLEANS ANXIOUS
ABOUT COMING REPORT.

New Orleans, La. Aug. 25.-Cotton
futures strong: August, II 5OG11 SIC;
September. 1O.SS01O. soc; October, 1912
G10.7Sc; November. 10. 6sQ1O. zoe; De-
cember, 1O.7OQ1O. Tic: January. 10. TAO
10. &c: February. 10. 7sGl0. soc; March,
10. S3c, bid. Spot cotton firm with a
fair demand. Sales. $50 bales, includ-
ing 800 to arrive; delivered on con-
tracts, 200. Quotations &c higher.
Futures opened irregular with prices
from 4 points lower to Z higher. Liv-
erpool opened lower but closed higher.
New York opened decidedly lower. The
local market. however, paid but lit
tie attention to the earlier condition
of either condition of either New York
or Liverpool, but promptly set prices
up. Private dispatches reported that
heavy profit-taking by longs was the
cause for the declines in New York and
Liverpool. There was no second day
story" attached to yesterdays sus-
pension of H. A. Page & Co.. and the
general impression was that the firm
was in a position to enter into active
business again shortly on as favorable
a footing as ever. The coming bureau
report is feature which will, in a few
days more, overshadow every other
factor in the market. 1t will be fully
as important as any report issued by
the Department of Agriculture this
season. and the market will probably
be in a nervous state until it is out of
the way. Many bulls claims that the
crop has deteriorated 80 per cent. since
the last report on condition, was is
sued, while the bears claim that the
deterioration has not amounted to 10
per cent. The decidedly mixed crop
accounts coming from the country, are
responsible for the wide differences i'm
opinions. In the trading September
opened points lower at 10. soc, and
finally sold up to 10.Ssc; December
opened Z points higher at 10 42c sold
up TO 10.ISc. and finally declined to
10 roc. The market was active
throughout the session. closing steady.
Net gains August Is points September
a. and the other positions each 35
points.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1904-08-26
COTT TOM.

New York. Aug. 2s. 1901 submit
the following result of an investigation
made by me into the condition of the
cotton crop as of the date OF Aug. 20,
1904: I have received 1873 replies from
l'l5S towns and SIS cotton producing
counties, which last year produced
about so per cent. of the entire crop.
The estimated average conditions as
reported by my correspondents is IS.
as against 91.s reported by correspond
ents as of the same date last month
and 91.6 as reported by the Agricul-
tural Department as of the date of
July 25, 1904. The indicated totals pro
duction, assuming the realization at
maturity of present crop prospects is
lO5I2.S5l, as against an indicated total
production, as reported by my CORE
spondents on the 2Oth of July of r.
O27,95l. The details of the conditions
and the indicated production by states
for this month"; last month and the
government report of last month are
as follows:
My report as Of Aug 20. 1904:
The Savannah morning news. (Savannah, Ga.) 1900-current, 1904-08-26

and the task of advancing prices fur
Their is made easier. Large receipts
and predictions of much larger move
ment have no effect upon the mar
ket An estimate that Houston would
receive during the month Of August
between 10000 and 10000 bales was
absolutely disreEarded. first. because
even this amount will be insufficient
to meet the requirements for August
shipments. and. second, because, as
we pointed out several weeks ago,
it will contain something like $4,000
bales of reflections. threshed cotton,
etc, which have 10 be moved out from
the compress points before Sept. 1, so
as to secure a rebate of the local
freight paid from small towns into
the compress points, owing to the
character of this cotton il might as
we'll not be in existence, for il is of
no use TO exporters who are so anX-
ious 10 fill their August and early
September engagements. We are like
~ to have nervous and excited mar
kets between now and bureau day,
next Friday. Sept ,. as before stated.
the report will he read at lis p. m
on that day. In the interim notice
day on September contracts will be
next Monday. Aug. %. If no tenders
are made. or if made and stopped, i'm
either event the influence would be
bulish. On Monday the weekly wealth
err report will be published.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1904-08-26
ROSINS GO HIGHER
OPENED FIRM AT ADVANCE AND
CLOSED FIRM AND UNCHANGED.
SALES AFTER THE CLOSE
SHOWED HIGHER PRICES FOR
SOME GRADES AND LOWER FOR
OTHERS.

Demand Was Good From All SOurc-
es and All Factors Offerings Were
TaI<en-Receipts 3,4I3 and Ship
ments, 1,2O1 BarreIs-Spirits Con-
tinue to Show Northumberland
ut 50 IA Cents Yesterday and
Closed Firm and Unchanged But
Declined Another Ii Cent in Post
Market Trading.
The divergent movements in the two
branches of the naval stores market
were continued yesterday, spirits
showing another small decline in price,
though it closed firm, and resins open
ing at an advance that it held during
market hours and selling still higher
in the post market business, when the
demand was sufficient to take all Of
ferings at a general advance.
Spirits opened firm at 53Ac, a de-
cline of Il cent from the close of the
previous day. The sales reported were
III casks. The close was firm, with
the price unchanged. In the late bust
ness such sales as were made were at
% cents, though a part of the days
receipts were put on contracts. The
receipts were 647 casks and the ship
ments 252. The New York market
was quoted dull at 81 cents and Lon
don was quoted at 4O@471Sc.
Resins opened firm and at a very
general advance of 21a to cents along
the entire line. The sales posted at
the opening were 3,071 barrels. The
close was firm and unchanged, but
buyers were active in bidding so soon
as the market had closed and by 5
o'clock everything had. been taken.
Some of the sales were made at an
advance of 10 cents on NJ and w. G.,
~ cents on the outside price of w.
w, decline of cents on H, is on I,
and ~ on X, with outside quotations
on the remainder of the list. Other
sales were made at an advance of
cents on the outside of w. w. and on
w. G. and outside quotations on the
remainder. The receipts were 3,413
barrels, and the shipments 1901.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1904-08-26

for South has been increased by 49,
260, 900 acres or So per cent, and the
negro population in same per cent.
has increased only 1,49S,1S or 24.3 per
cent. Generally admitted that the
tendency in South on the part of the
more intelligent negroes towards
Northern immigration or residence in
cities and employment i'm factories,
mines, lumber camps and railroad
The residuum of negro labor avail
for the cultivation of cotton is. there
fore, not only out Of proportion as
compared with the acreage. but COM
prised the least thrifty and progress
sive element. the southern cotton plan
tations, which are for the most part
operated under the tenant system, have
under this system been less carefully
and become less productive. Cotton
land in the South for this reason is
worth less to-day than IL was fifty
years ago, and its value is but the
exponent of it's productive capacity
under existing conditions of labor. II
is plain that until these conditions
change an increase I'm acreage is un-
likely TO result In substantil increase
in production and as no change I'm
these conditions seem probable within
the next few years, l am convinced
that the cotton trade must adjust it.
self TO the prospect to accumulative-
" acute stringency In the supply at
least during this decade. Theodore II.
Price I'D.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1904-08-26

Of the elimination of the short inter-
est and heavy American selling. But
sentiment here was very feVerish. and
while the South seemed to be selling
more or less freely through various
wire houses, there was a renewal of
bull support and soon after the open
ing the initial losses were regained.
But further fluctuations were very ir-
regular. 1t was rumored that some of
the bulls had sold out, and at times
there was considerable pressure against
the market leading to several dips in
prices that carried them back to about
the opening figures. Around midday
the market was comparatively quiet,
but showed pretty steady undertone
within a point or two of last nights
figures, when one or two operators who
have recently been heavy sellers evil
IDENTIFY started in to break the market
They offered several substantial blocks,
and the room, becoming convinced that
the furry of covering had run its
course, also became a free seller. But
the cotton was easily bsorbed and bull
support again became evident, leading
to another wild rush of covering that
carried the list up to a new high level
for the movement with September sell
ing at Hole: October at 10 92c: De-
cember at TO- S5c. and January at 10S5c
or net gains of about 20 to 26 points.
This represented an advance from the
low point of last Friday of about Sc
a bale. or $500 a trade. Toward the
close the market reacted about to 10
points under profit taking by scattered
longs, but was finally very steady with
August net unchanged and other po-
eitions 10 to Is points net higher. Sales
we're estimated $4,000 bales. There
was nothing in the news of the after
noon to explain the advance which was
attributed entirely to the running in
of another large speculative short &C
count.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1904-08-26
HAYWARD, WICK 4 co.'s
Daily Cotton Letter from New
York.

New York, Aug. 25.-This mornings
market was like the one of yester-
day, the failure over. without involv-
ing any one apparently, and the mar
ket after weeks of narrowness has
had the furry in which the deadlock
was sure to eliminate either one way
or the other.
1t seems more or less significant that
the bulls who waited so patiently for
bad crop news to start covering were
finally compelled to exhaust margins
by the return of favorable weather and
and increased movement.
Reports current around the street are
to the effect, however, that there is
still a large short interest of a profess
sional character that the bulls are no
less determined to rout for the rea-
son that they have been enforced by
handsome profits and the lessened ac-
tivity and irregularity of the middle
session to-day may prove only a lull
in the upward course of prices.
We should prefer waiting for very
sharp bulge before selling. Sentiment
is too feverish to trust to the direction
of SEEMINGLY influential conditions. The
market ought to react.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1904-08-26
WARE a LELAND
say the Market Appears to Have
Halted.

Halted.
New York, Aug. 25.-While the mar
ket appeared TO have halted for the
time being there was not sufficient
evidence that the advance had Cul-
minated to leave anything but a most
nervous and irritable tone. The diff
ference i'm the market as compared with
yesterday is shown in the fact that
when We attempted to execute a buy
ing order for a thousand bales yes
terday the market run up 10 points,
and kept on going five more. About
1 o'clock to-day a broker came in
and bought 10000 October. showing the
price to 10. &c, and in no time the
price was back where it started from.
But the situation is so unique and so
much cotton has been sold and TAX
en- around 1912 cents, that there is
left the fear of some development
which might result in another scare.
On the other hand an enormous amount
of short has been covered and prices
are cent a pound higher, than a
week ago. Should there be pressure
either from actual cotton or from
weight of short selling the market could
easily collapse and for that reason
we are not any more willing to go
long at 1015 cents, than we were to
be short at 912 cents.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1904-08-26
DAILY COTTON MARKET.

Galveston-Steady; middling, lie; net
receipts. 3,76l; gross. 1851: sales, 1872:
stock, 16.4SO. Exports-Coastwise, s.
024.
Norfolk-Net receipts, 1875; gross, 125;
stock. 1925.
Baltimore-Nominal; middling, IL soc:
stock, 1,O41.
Boston-Steady; middling, II zoe:
net receipts, 81; gross. 81.
Whining ton-Nominal; stock, lis.
Philadelphia Steady: middling,
Il 45c; stock, LIPS.
Savdnn ah-Steady; middling, 1O34c;
net receipts, $50; gross, 959; sales, 176;
stock, S.S16. Exports-Coastwise, / 1888
New Orleans-Firm; middling, 1l1sc:
$50: stock, 24.979
Mobile-Nominal; middling. 1o1ac;
net receipts, Il: gross IL: stock S37.
'Memphis-Quiet; middling, l02t c;
net receipts, Is; gross, 1877; sales. 1850;
stock, $3.50.
'Augusta-Firm: middling, lie: net
receipts, "a; gross, "a; sales. %; stock,
1860
arleston-Nominal stock, 1872.
~Cincinnati-Stock, 1862.
'Louisville-Firm; middling. 1O7sc.
st. Louis-Steady; middling 1O% c;
gross receipts, PSI; stock. $3.50
'Houston-Steady; middling lie:
net receipts, 3,6S2; gross. 1882 sales,
2,773; stock, S,565.
New York-Quiet middling. II .20c:
gross receipts, 1.1S0; sales. 200: stock,
1912.
Total To-day. at All seaports-Net
receipts. 5.946; stock. 81, 1896.
Consolidated. at All seaports-Net
receipts. 25,2S6 Great Britain, $500:
continent. 1853; Japan, 502
Total Since Sept. 1. at All Seaports
Net receipts. 7,17426i: Great Britain.
2,50s, 799; France. 699,l33: continent. p
597225; Japan, 1857; Mexico 27,942.
Not included in totals.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1904-08-26

selling, and a severe break in English
markets. Then it jumped &c a bushel
on a bullish Manitoba report, followed
by a final break under profit taking
and new short selling. The close was
partly 9sc net higher. May, $1.099sc;
September, $1OSh; December. $1.085s.
Corn, spot, easy; No. 2, $3.50. OPP
ton market opened easy, with wheat,
rallied on rumors of frost in Nebras-
ka, but finally declined under talk of
rising temperatures, and closed weak
at A@115c net decline. September,
$3.50: December. 571ac.
Oats, spot, barely steady; mixed, SO
@37c
Beef, firm.
Cut meats, steady.
Lard, firm; Western steamed, $7.35;
refined, firm; continent, $3.50.
Pork. steady; short clear, $1S.5o@
1850.
Potatoes. easy.
Tallow. dull.
Rice, steady.
MolasseS, firm.
Coffee, spot Rio steady; mild, firm;
Cordova. 9b013c.
The market for coffee futures OPEN
ed steady at decline oe SOLO points
and closed steady at a net loss of 100
Is points. Sales, 1S1,25O bags.
Sugar, raw, quiet; fair refining,
11-16c; centrifugal SO test, 4Ac; mo-
lases sugar, 3 7-16c; refined, quiet.
Butter firm. unchanged.
Cheese easier: state. full cream,
large, colored, choice, SIC; large
white, choice, sac.
Eggs quiet, unchanged.
Potatoes easy; Long Island, $500
1924; Jersey and Southern, $1.37h@
$50; Jersey sweets, $2.00@2.50.
Peanuts steady; fancy handpicked,
SIC; other domestic, 3@612c.
Cabbages quiet; Long Island, per
100, $1.00@2.50; per barrel, 25@50c.
Cotton by steam to Liverpool, 15@
zoe.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1904-08-26
SEA ISLAND CuIToN.
ADVANCED So. A BALE
SINCE LAST FRIDAY.

New York. Aug. 25.-The cotton mar
ket had another active and busy ses-
sion. Al first this was rather re-
dictionary tendency owing TO lower CO.
bles and continued favorable weather.
but later IN the session there was an
other wild furry Of covering By shorts
and prices were forced into new high
ground. The opening was weak al "A
decline Of 30 points on September. and
~ 10 20 l6 points on later positions or
Just about az due on the cables which
reflected much lower market in Ilv-
efpool than had been anticipated AZ n
result ~ WAS stated by private adyiccs
The Savannah morning news. (Savannah, Ga.) 1900-current, 1904-08-26

The cotton trade had another excit-
ing day yesterday, so far as the flu
lures market were concerned. This
time Liverpool was not responsible for
the advance. nor could any other ex-
plicit reason be given for it except that
shorts continued nervous and that
bulls are determined to push every ad-
vantage that they can before the crop
begins to move in a volume that will
make such pressure impossible.
The New York market opened lower
than expected, and during the early
part of the day there were decided de-
olines on the list, but later a rally
came, and at the close. the list was
from unchanged to is points up. At
New Orleans New York and Liverpool
were rather disregarded, and prices
were advanced without reference to
those markets. At the close the mar
ket was from 1906 points up.
In the local trade the spot market
continues in good shape. receipts be-
ing fair, and the demand excellent.
Official quotations were unchanged, but
it is understood that sales were made
at slight advances over these. Bust
ness was a little quiet i'm the early
part of the day, the buyers evidently
expecting that the falling market az
New York would cause a decline at Sa-
vannah, but when the New York list
began its upward movement the latter
part of the day there was no further
waiting by those in need of supplies.
The f. o. b. market was quoted at
NC, basis good middling. Brokers re-
ported a fair business and at slightly
better prices. The demand was good
and offerings freer than on the pre-
ViOus dax
The Savannah morning news. (Savannah, Ga.) 1900-current, 1904-08-26
LIvEnrooL coTToN MARKEr.

Liverpool, Aug. 2b.-Cotton, spot in
limited demand; prices 10 points high
err; American middling fair. Sad:
good middling. 6 SD middling. 6 sod;
low nliddling, sad; good ordinary,
6.12d; ordinary. 5.SSd. The sales of
the day We're 5000 bales of which l.
600 were for speculation and export
and included $500 American. Receipts
1900 bales. all American.
Futures opened barely steady and
closed steady. American middling. <
o. c.: August, 62Sd: August Septem-
ber 6.07d; September-O October SOD:
October November. Sad: November
December, Sod; December January.
5.67d; January February. Sod: Feb
ruary-March. SOD: March-April. SD:
April Nav 5.61d: MaY-June. SD.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1904-08-26
Grain Markets.


APPLES-Summer pippins, SO. so bar
rel.
BANANAS-s1 1902 90.
WATERMELONS-3
CANTALOUPES-$1 .0061. % a crate.
PEACHES-75c@$1.0 90 a carrier.
PLUMS-$1. 90 a carrier.
PRUNES-2Os to 3Os. 13c; 30s to 40s.
10c; 40s to SOS. Sc, sos to COS. TIC; SOS
to 70s, SIC; 70s to sos, &c; sos to 90s,
SIC; 90s to zoos, Age.
PEANUTS-Ample stock, fair de-
man; market firm; fancy nd-picked
Virginias, 71ac; N. c. peanuts SIC; ex.
Virginias, SIC.
NUTS-Almonds, Terragona, 14Sc;
Ivicas, 121ac; walnuts, French. 12hc;
Naples, 141ac; pecans. 10c; Brazils,
91kc; filberts, lie; assorted nuts.
5O-pound and 25-pound boxes, 12c.
Dried and EvapOrnted Fruits.
APPLES-Evaporated. TIC; sundried,
SAC
ACKNOWLEDGEMENTS. fancy, 1sc;
choice, 10Ac.
RAISINS-L. L., 2-Crown, $1.s5; g.
Crown, 81 90; 4-Crown clusters, s.. rs:
loose muscatells. Sc; 1-pound seeded,
10Ac imperial cabinets, SO per box.
PEACHES-Evapora peeled, 16c;
unpeeled. sac.
PEARS-EvapoIated. 1910.
CITRON-A. S. drum. 14Ac: fancy
Corsician, in 10-pound boxes, 14hc.
CURRANTS-Barrels, &c.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1904-08-26
LOCAL FINANCIAL MARKET.

The following are the Savannah
Cotton Exchange quotations.:
DOMESTIC buying
at bc discount, selling at par-up to
S25, 1Oc: s25 to $50, 15c; $50 TO 500,
zoe; $l.00 to 5000, 25c; 5000 and over,
par.
FOREIGN EXCHANGE - Market
barely steady Commercial demand
$4S5A; ninety days, $4S4h; francs.
barely steady. $516T; sixty days.
$5.19$ @5.1S&; marks, IS 7-16c; sixty
days, 947sc ninety days, "a 11-16@
9A%c.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1904-08-26

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, 40@55c; hens, 75@S5c.
EGGS-Country, 19c; strictly candled,
zoe.
BUTTER-The tone of the market is
firm. Quotations: Extra Elgin, so tubs,
2215@231hc; choice Elgins, 201202112c;
New York state, zoe; renovated butter,
1870
CHEESE-Market. firm; fancy full
cream cheese. 22@25-pound, 11h@12c;
30 to 35-pound, 11A@11%c.
WHITE PEA BEANS-$2.40 bushel.
POTATOES-$2.25.
ONIONS-Egyptian, in sacks, $500.
CABBAGES-$1.5 crate.
Breadstuhs, Hay and Grain.
FLOUR-Patent, $500; straight, $50;
fancy, $5.25@55O; family, $50; spring
wheat, best patent, 1913.
MEAL-Pearl per barrel, 1855; per
sack, $3.50; water ground, $1.45; Pearl
grits, per sack. $1.55; Perl grits, per
barrel, 1915; city meal, $1.45.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1904-08-26

The Norwegian cod fisheries have
practically come TO close with
total catch Of 42,774,OOO FISH from all
the cod fisheries OF Norway. From
thls catch about the same quantities
OF kilpnsh' stockhsh and sailed and
dried fish have been prepared. as
mas been for the past two years. The
seasons catch has produced 10 the
present about 1880 barrels cos gall
Ions per barred 81 codliver oil or
more than i've times the quantity pro-
duced from about the same number
Of hsh IN 1909,
The Savannah morning news. (Savannah, Ga.) 1900-current, 1904-08-26
CHICAGO MARKETS.

Chicago, Aug. 25.-The wheat mar
ket experienced a frost scare to-
day, which, while it lasted, lifted prices
as to 81 cents over the previous close.
Final quotations, however, showed net
gains of but &c to &c to nc. Corn
is off nc to 1@1bc. Oats closed sc
The Savannah morning news. (Savannah, Ga.) 1900-current, 1904-08-26

The German consul at Beirut says
that in 1902 about 1000 bales Of calf
hides were imported into Beirut, of
which France, supplied one-half, Hun
gary, Germany and Italy the remain
der. Germany supplied lacquered
leather to the value of $4,000. France
furnished three-fourths of the colored
leather the remainder coming from
Hungary. Box calf comes almost ex-
clusively from Germany. American
goods, while cheap and good. suffer
from lack of transportation facilities.
Shoes come mostly from Switzerland.
Germany and Austria furnish other
leather goods. Gum or rubber shoes
are shipped from Austria, Russia and
America.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1904-08-26
IN OTHER MARKETS.

New York, Aug. 27.-Rosin, dull.
Turpentine, dull; ssh @56Ac.
Charleston. S. c., Aug. 25.-Tur-
pentine, firm. 5Sc: sales. none.
Rosin, firm: sales. none. A, B, c.,
81 25; D, 81 80; E. $2.S5: F, 81. 40; G.,
81 so; H, $2.65; 1. $3.15: K, $751;;
NJ, 1855; N, $3.50; w. G., $4.15; w.
W., $4.421a.
Wilmington. N. c.. Aug. 25.-Spirits
turpentine, nothing doing; receipts 81.
Rosin firm. $3.50: receipts 1876.
Tar firm, $170: receipts 81
Crude turpentine firm, 1925, $2.75,
$500; receipts 81.
New Orleans. Aug. 25.-Receipts,
rosin, 500 barrels; turpentine 120.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1904-08-26
COTTON Seed OH.

New York. Aug. 25.-No important
changes occurred in cotton seed oil
and business was duh. including only
300 barrels az 29iAc. Prime crude e q.
b. mills, 22iac. prime summer yellow.
2sM m2sizc. summer yellow nominal:
prime white, $4,000. prime winter
yellow. 32d32isc.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1904-08-26
DRY GOODS.

New York, Aug. 25.-Buying shows
a slight improvement with a stronger
tone to prices for dry goods. The
course of the raw material is not clar-
flying the situation any; on the other
hand both buyer and seller becoming
more confused. Jobbers' store trade
continues to increase.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1904-08-26
DEMERE & HAMMoND,s
Daily Cotton Letter from New
York.

New York. Aug 25.-For the fourth
day in succession a new high level
has been established in the present
advance, and September sold at l1.Oic.
October, 1890; December, 1O.S5c; Jan
uary. lOs6c, and the market closed
within points OF the top. At one
time there was genuine bear panic.
little or no cotton Offering. and prices
advanced 30 points before the spuri
was checked by the sale OF some longs
TO take profit The short interest is
being not reduced as rapidly as one
would expect on such q rise AS we
have had because new sellers come IN
~ every advance, and take the place
Of those who close out The result
Is that fuel is being added to the fire