The Savannah morning news. (Savannah, Ga.) 1900-current, 1904-11-14
WEEKLY MARKET REVIEW.
stocks Active and Excited-COtton
Quiet but steady-Grain and Pro-
visions F'irmer.

stocks Active and Excited-COtton
Quiet but steady-Grain and Pro-
visions Firmer.
The leading feature of the markets
continues to be stocks. In view of
the election results there was natural
ly further strong bull move during
the week. About the most interesting
point to be noted is the coming into
prominence of hitherto comparatively
neglected industrials and so-called
specialties. With a few exceptions
railroad issues were relegated to the
background, after the general squirt
Immediately after the election Ten
nessee Coal and Iron, and Pacific Mail
were two stocks prominently strong
late in the week. Transactions gem
orally were on an enormous scale, and
the bullish fever is very high.
Cotton was dull for the most part,
but prices were we'll held, and closed
at an improvement for the week of 10
to IL points. The movement was quite
heavy, and yet showed some decrease
from the figures of the preceding week
and also of last year. At the end
of the week a cold wave struck the
belt, causing killing frost, all over
Texas on Saturday, and then working
eastward. 1t is not believed that much
damage was inflicted, as the plant had
probably already done about all it was
going to do.
AS to the course of prices, all de-
Ponds now on the extent of the de-
mand and the chrystalizing upon a
definite idea of the crop. At present
the popular estimate seems to be from
1000, 600 to 12,250,0OO bales. The acre
age increase alone should suffice TO
make 1t at least 100000 bales. and
hardly anyone will deny that the
yield per acre is larger this year. From
all accounts it looks like Georgia and
the Carolinas have made not less than
20 to 80 per cent. more than last year,
and perhaps nearly as much can be
said for Tennessee and Arkansas. The
other states can be put from 10 to Is
or 70 per cent. gain, or a general aver
age increase of somewhere around 20
per cent. The next ginners' report
with the bureaus estimate of yield per
acre, due Dec. 3, ought to go far to-
ward settling the dispute. 80 II !
Grain and provisions were fairly &C
tive and prices are generally higher.
A leading feature was an advance Of
some &c in corn, owing mainly to light
stocks and fears of manipulation;
which shows how dangerous it is to
$500 W. AVShACooiyy HI spite Oh
the big crop. The provisions outlook
was better; hog receipts quite mod
crate. = 80
The time is now ripe for livelier de-
velopments, and the immediate future
offers great inducements to specula-
tive investors. In stocks, new ones
are taken up daily, and the list OF
what We may call promising ooten-
tialities is being. rapidly reduced.
There are still, however, a number Of
them which have not yet had their
turn, and whose condition. make it
about as certain as such things ever
are, that their time too is at hand.
There are some of these relatively low
priced stocks which are liable to dou1
BILE in price within sixty days Some
which are intrinsically worth. more
than other stocks selling now for dou-
BILE the money. But as already stated
the list Of such stocks is fast diminish
ing. and intending investors must
needs be prompt, for when they start
they go with a rush, There is going
to be a considerable movement very
soon now, also in cotton, wheat and
ribs, sufficient movement to realize
handsome returns from even a small
sized venture if prudently managed.
VIM. L Williams.
Savannah, NOV. IA, 1904.