Newspaper Page Text
part two.
GEORGIA AND FLORIDA.
or THE TWO STATES TOI.IJ
1\ PARAGRAPHS.
poultry Breeder* of Mnrletta
Dr”anise Bit Association—A Sonth
rollnn H ood-H orkini; Plant
M(|V n ,. Removed to Macon—'The
U„i,rantine Convention Wilt Ah
ml,ie Ht Atlanta on April 12—The
Florida State Dental Association
gleets OUlcers.
GEORGIA.
Ipp .'s cotton receipts to date are 59,322
| { . ,md will reach at least 63,090. •
rhe watts Hotel in Cave Spring was to
v... stroyed by Are Tuesday night.
, mi Mrs. William Hill of Powder
{ ; ns . celebrated their golden wedding
rj,. Bulloch county chain-gang guards
■ employed at $35 per month each. In'
|Ur ,: . county they receive sls.
rhe people of Franklin county are be
„ini; alarmed by the fear of sma.l-pox
and have taken steps against infection.
Ho ('uthbert Methodist Church has
.pled two Japanese, Torn! Kalo and
E Kishi, and will educate them at Ox
|d.
-? Emma Davis, who was so badly
me.l about a month ago at her home
,r lxithair, died from her injuries last
I M, Tift's home, near Albany, a hls
lio ante-bellum mansion, was destroyed
fire Tuesday night. There was no in
ti nee.
[he Alliance co-operative store and
irehouse at Montezuma will be sold at
blie outcry on next Tuesday, March 1.
the highest bidder.
jr. and Mrs. Felder and Henry Taylor,
. Felder’s brother, while on their way
no from Atlanta Tuesday, were thrown
m a wagon, which collided with an en
le, and were painfully injured.
Tim 10-year-old son of John Berdy will
obably lose an eye, the result of an ae
-1,-nt, which occurred at Columbus a day
1i wo ago. He was discharging fireworks
hen his face and eye were injured by
te explosion.
Americus will shortly have another bus
ess block. The Americus Grocery Com
ny will make a change In location shorl
, re moving near the business center of
e city, and propose to erect a large
lab.'ishment on Cotton avenue, opposite
e Allen House.
Charles Franklin, the Atlanta negro who
Bv> Mrs. Emma fiurks 6f Montgomery
a cab Monday night to a desolate por
n of the city and insulted her, was
ed SSO by Recorder Calhoun. Frank
did not pay the fine and will serve
Irty days for the offense. Recorder Cal
un says this is the second charge of this
Irueter against Franklin.
Carles Blankenship was shot and paln-
Ey wounded by George Prince, a col
fc! inmate of the county jail at Wrights
lle Wednesday. Blankenship went to the
Bto feed the prisoners. As the Jailer
nifd from the negro he was shot in the
ad by him. The ball glanced and passed
dtr the skin, inflicting a painful but not
igerous wound. The negro then es
ped.
Is.vor Collier of Atlanta has decided to
me a call for the quarantine convention
tanged to be held in Atlanta by the
trai Mobile convention to assemble at
lanta, on April 12 next. The date of
! convention was originally fixed and
"a? announced that it would be held
April 5. The date was unsatisfactory
the Mobile delegates and the conven
in has been postponed until the later
te.
Francis Hoag, the president of a hard-
W'l plant at Florence, 8. C. ( represent-
S an investment of $75,000, is in Macon
ith the view of possibly removing the
etory to Macon. A site has been select
'■d if .Macon people will take SIO,OOO
sk in the enterprise the plant will be
mov "l to Macon. It is proposed to elect
t>< usurer of the company from the Ma
in stockholders. At the plant, which is
>'V < n oia rat ion at Florence, from forty
’ " l| me n ore employed.
■be poultry breeders and fanciers of
arietta und surrounding country met
omlay anil organized a poultry associa-
D ". under the name of the Kenncaw
aaiiry Club, which shall have for Its ob
-11 the dissemination of knowledge per
lo thoroughbred poultry among its
t’i "as, and the upbuilding of the thor
‘red poultry industry In general. The
■■owing officers ‘were elected: C. A. Ouy
n president; W. L. Walling, vice presi
-111: " • E. Maury, secretary and treas
(r - A board af control was also elected.
FLORIDA.
Melbourne will soon have a secopd news
-1011 A company was organized last
'o publish the East Coast Republi
n - W. T. Wells is proprietor.
'be United States Court at Tampa
tnHiy Wm. S. Clay, the oldest white
5 ! it of Lee county, was trjp<l and con
ti l of illicit distilling, but has not been
"1. Clay, says the Tampa Herald,
■'■■■und guilty of this same ofTense just
' f ' ve years ago, and served his sen
tic.. out.
will be many carloads of celery
from Hawthorn this spring. It is
i,f l that from two farms there
- gathered fifteen carloads. W. W.
~,, and T. Hobin, the latter from
' ; . Va„ have formed a copartner
t I <l are pianllng celery very exten
-1 I'heir plants are looking exceed
f vel! an d have reached that stage
' success is assured.
Apalachicola News of Saturday
■ V\ hlle the workmen were tearing
p flooring of the building occupied
1 ’■■ Wilhelm, a hog that had, per
-1( ' ■ there years before, was found,
g was seml-petrlflod, one fore and
and the head being held to
one entire side of the animal,
i, ' nk and side felt to the pressure of
like sole leather. No odor came
m 'be remains."
- 1 Dental Association in session
s Augustlno adjourned Wednesday.
llafning f
ms e 9S W w ? xn‘ ?en L were cl<?o,ed for
w w' Allen . Tampa, president;
*'• Z. McElroy, Orlando, first vice pres,
bent; A. J. Hannah, Umatilla, second
vice president; C. H. Frink, Fernandina,
secretary; L. F. Frink, Lake City, treas
urer. Executive committee: F. B. Han
nah, chairman; J. N. Jones, L. M Frink
H. R. Estes and R. L. McMullen. Orlan
do was chosen as the next place of meet
ing.
The body of a man was found floating
in the river Wednesday morning near the
mouth of Sisters creek, about fifteen miles
from Jacksonville. The body was In such
a bad state of decomposition that it could
not be determined whether it was that of
a white or colored man. Several weeks
ago a white man named Curtiss was re
ported to have been drowned at Pilot
Town, which is not far from where the
body was found, and it may possibly be
his, though it would be hard to identify
it in its present condition.
POLITICS I\ GEORGIA.
Stun Jones nml Berner Non* the
Theme of flie Editorials.
Columbus Enquirer-Sun: The Rev. Sam
Jones balloon seems to have' collapsed in
the game. He talks too much to be Gov
ernor of Georgia. The people get wearied.
Augusta Chronicle: If anybody thinks
that the bringing out of a lot of candi
dates will rattle your Uncle Allen Candler
he may as well banish the thought. He
don’t scare worth a cent, and all he asks
is a fair field and no favors. He is a
winner.
Lexington Echo: Sam Jones will have
a rather hard time convincing all the peo
ple that he is serious about his candidacy
for Governor. Many are inclined to think
he is rather getting off one of his jokes.
If he Isn’t he will come to the conclu
sion after the election that the people
have made him the butt of one.
Marietta Journal: Rev. Sam Jones,
the great self-confessed "ballot ehewer,"
has announced that he is a candidate for
Governor. A man who “chews ballots”
after midnight, wants to abolish public
schools, denounces Populists as fools and
Democrats and Republicans as corrup
tionists, will never be Governor of Geor
gia.
Marietta Journal: Hon. Robert L. Ber
ner is an able legislator, a brilliant speak
er and a loyal Democrat, but he stands
no show in this race. Allen Candler seems
lo have the people behind him, and is
going to win the nomination, or all signs
tail.
Griffin Call: Bob Berner put one plank
in his platform that will be a "sinker”
to his canvass. Georgia Is seeking to
move up a pace in the matter of encour
aging manufactories. Bob opposes such
advances. That plank and his opposition
to all corporations, banks, railroads, etc.,
smacks more of the demagogue than is
generally heard from a man aspiring to
the responsible position of Governor of
Georgia.
Americus Herald: Unless all signs are
read a wrong the Atkinson contingency is
rattled and badly rattled at that, and all
on account of that little announcement of
Bob Berner. Berner was at the possum
supper and It has been known for a long
while that he had Gubernatorial aspira
tions, yet William Yates Atkinson over
looked him when casting around for a
successor. This apparently nettled the
man from Monroe.
Cordele Sentinel’: You may Just bet your
last year’s sox that Spencer Atkinson
will carry South Georgia, notwithstand
ing the opposition of the Americus papers.
Cordele Sentinel: Berner would most
admirably adorn the chair of the chief
executive.
Albany Herald: If there Is any joke in
Sam Jones' announcement and platform
we fall to find It. Taken altogether, It is
only a "feeler" which the blue-ribbon dem
agogue of this day and generation has put
out for the purpose of ascertaining, if pos
sible, whether it would be safe for him to
enter the race for Governor.
Brunswick Times: Sam Jones, whose
tendency has always been to lower the pul
pit to a farce-comedy level, makes an an
nouncement for Governor that Is disgust
ingly full of coarse jest and ribald wit.
In his effort to be funnily wise, the irrev
erent Sam fills four or five columns of
the Atlanta papers, knd succeeds in saying
nothing that is worth thinking about.
“Let’s pen up the jackasses for awhile
in the back lot and trot out some thor
oughbreds,” exclaims Sammie. That's
what we are trying to do in Georgia this
year, Jonesy; and that’s why we think it
very bad taste for you to stretch your
neck over the bars and bray in public.
Washington Chronicle: Hon. Robert L.
Berner's announcement is bold and cour
ageous, and there is no attempt whatever
to reach the Governor’s chair by any hook
or crook, as is so often the case with poli
ticians.
Perry Home Journal: The corporations
and aggregated capital of Georgia will op
l>ose the candidacy of Hon. Robert L. Ber
ner for the Governorship. Mark the as
sertion.
Dlxis Correspondence Morning News:
With a great deal of pleasure the Demo
cratic voters of Dixie have received the
announcement of Berner's candidacy for
the Governorship. A poll of the voters of
Dixie gives to Berner the almost unani
mous choice of our town. A Berner Club
will be organized in a few days, with a
membership of fifty or sixty to start on.
CLAIMS OF THE OCMULGEE.
Blk Savina m Freight a* the Result
of Its Navigation.
Hawkinsvllle, Ga., Feb. 24.—J. P. Mat
son and J. J. Whitfield, appointed by the
City Council of Hawkinsvllle, are in \\ ash-
Ington, and have been before the river
and harbor committee, to ask for an ap
propriation lo be used in Improving the
Ocmulgoe river.
The gentlemen from Hawkinsvllle show
that an Immense amount of freight is
handled by Hawkinsville’s line of boats
nml that the commercial. Industrial and
agricultural interests effected by this nav
igation arc very great. They will show
that Western freight rates have already
been cut 15 per cent, and 30 per cent, in
freight rates has been saved to the naval
shorts operators, effecting 90.000 barrels cf
r< Messn< d Watson and Whitfield want rn
appropriation of SSO.OX> for the next fiscal
year, which amount Is much ,ar * er th “"
has ever been applies! in one year to the
Ocmulgee.
guitor—Str, 1 love your daughter.
Blunt Father— Well, sir. What does that
prove ’-Philadelphia North American.
SAVANNAH. GA.. FRIDAY. FEBRUARY 25. 1808.
The New Catholic Cathedral.
Every resident has an interest In the
building that is not denominational. Its
inception was a bold and spirited under;
taking, to provide for the anticipations of
fifty years, and Irs restoration. I trust,
will be upon the same liberal outlook. A
glance at ruins shows what an oppor
tunity is presented to erect an edifice that
will not be surpassed from the Potomac
to the Rio Grande, and to give our city
an architectural structure useful and or
namental. The plan of the building may
be called composite and any attempt lo
restore Ihe old lines will be lamentable
and regretted long before it is finished.
Take, as illustration, the calhedrals In
Chicago, 111., Providence, R. 1., Albany,
N. Y., the Jesuit Church in New Orleans
all are studies and the visitor with their
exterior and interior beauties, the skill of
design and excellence of material and
workmanship abound in all parts, and the
teligious Influences are increased by the
beautiful surroundings, always seen, ana
felt in the house of worship, where care
Is taken to create an effect, not feit where
the church is one vast room, as in our
Catherdrai. It is simply an auditorium, and
we miss the consoling feeling which is well
explained by the “dim religious light" and
such Is not experienced in mere space.
To those who have seen the shrines that
are famous in history a neglect of visit
which seems among the regrets of travel,
it is an easy task to state how comfortably
we can combine the useful and the beau
tiful in the new Cathedral and it Is not
presumption which offers a suggestion.
Tear down what remains and obliterate
all trace of what was once our pride. Take
some design that has a steeple and belfry
at the right-hand side, with a clock tower
and light that will be a landmark for our
people and a beacon for the mariner, as
he hails the steeple homeward-bound. The
interior, with supporting arches, in Gothic
and upper floors, where the services can
be seen and heard and no semblance of
galleries, an effect seen in New Orleans,
to be admired and amplified. The side
walls to have niches for small memorial
altars, the space for altars extending ten
lo fifteen feet beyond the building, pro
ducing a pleasant effect and breaking tne
dullness that belongs to a straight line,
always a fear of architects. This might
make six memorial offerings that will
come In a brief lapse of time from those
who have lost near and dear and
deem this perpetuation the most blessed of
memory. Georgia supplies a marble now
exclusively used in building the new state
house, in Providence, R. 1., selected after
the most exhaustive tests and similar to
the stone (called Pelac marble) found near
Athens, Greece, and now in fine preser
vation in buildings, erected more than 2500
years ago. What a chaste and charming
effect will be produced byrihls material,
and as Savannah is to provide for fifty
years hence, when its population will be
trebled, the wealth many fold by the in
crease of its manufactories, the comple
tion of the Nicaragua canal, and Its ad
vantages as a port of export are know In
many masts of the world. Yamucraw,
will be crowded with docks and ships
bringing the treasures of the Orient, from
Bombay, Calcutta, Singapore and Borneo,
will enliven Us quays and fill its ware
house, all coming by the canal. A wan
dering Mahajarah, or Nabob, from India,
may then purchase a part of his outfit in
some new bazar in Broughton or Bull
street, and the salesman soy how much
nearer we are to Hindoostan, since the
cafial was made. This is not an imagina
tive or overdrawn picture, nor an excess
of "manifest destiny.” It will be realized
—but not in the time of men who fought
in the civil war.
The press mention $60,000 as the insur
ance, and it seems $25,000 will soon bo- in
sight. This sum, in the hands of an intel
ligent building committee of laymen, mer
chants and traders, who have the great
er experience In buying and selling, with
the present price of labor and materials,
can accomplish great and beneficent work.
Provide for the wants of the coming gen
eration, and if you make a debt of SIO,OOO
or $50,000, it can be funded at 5 per cent,
at par. Make one notable day. known as
Interest Sunday, and the Lord will pro
vide. Now is your great chance. Seize
it and let us say, as the poet to his verse.
“Posterity shall know thee
And thou shalt live when I am no more.”
Historicus.
ABOUT STEEL PENS.
Tlie Demand for These InHtrnnientd
In Steadily lnerea*ln.
From the Washington Star.
“The demand for steel pens," said a
large wholesale dealer in this line of trade
In New York to a writer for the
■Star, "is annually Increasing, despite the
enormous use of typewriting machines
throughout the world. It is estimated
that no less than 6,000,000 gross or 864,-
000,000 steel pens were sold in the United
States last year. Of these about 132,000.-
000, or Just half the total number of pens
consumed here, were manufactured In
this country and the rest came from Ger
many, France and England. Prior to the
civil war only a small number of steel
pens were produced in America, but in
1860 a pen factory was established by an
Englishman in Camden, N. J. For two
or three years this manufacturer only em
ployed ten or twelve hands. To-day the
works give steady employment to over 500
people, who turn out about 1,800,000 gross
of pens yearly.
■The first metallic pen is said to have
been made by a man named Harrison In
Birmingham, England, in 1780. These pens
were made by hand for over a quar
ter of a century. They were punched out
of a thin sheet of steel, and then rounded
into a barrel shape. The place where
the silt was to be was marked with a
sharp chisel and before tempering this wns
tapped with a small hammer until it
cricked, which mark formed the slit.
From such crude beginnings has our mod
ern steel pen evolved.
‘To such a state of perfection has pen
making machinery been brought, coupled
with the division of labor and keen com
petition of trade, that several firms now
have an output of from 20,000 to 30,000
gross per week. The total production in
Birmingham, the greatest center in the
world for pen-making, Is reckoned at 100.-
000 gross, or 23,000,000 pens per week. The
humber and variety of patterns now made
In England is hardly credlb.e. One of the
prominent American manufacturers turns
out as many as 2,000 different styles of
liens, and a leading maker In Birmingham
has a catalogue of 5.(00 varieties, which
he keeps in stock, while many other pat
terns “te made to order."
ROSINS LOWER.
MEDIUM GRADES AT A DECLINE OF
.1 CENTS.
A Fair Demand After the Decline.
Spirits Turpentine Firm tit
Cents Rid for Regulars—Cotton
Market Firm and Unchanged With
Snles Light—Wholesale Markets
Steady and Unchanged.
Savannah, Feb. 21.—The only change in
the leading market to-day' was a decline
in the price of medium grades of rosin.
E, F and G grades dropped 5 cents a bar
rel. There was a strong demand for spir
its turpeaitine at S3 cents and all of the
available offerings were taken at that
price. The spot cotton market remained
firm and unchanged v with transactions
light. Tlie wholesale markets were steady
and unchanged, with a fair demand in
all departments.
The following resume of the different
markets, both local and telegraphic, will
show the tone and the quotations at the
close to-day:
COTTON.
The local market was firm and un
changed to-day, with a good demand, but
little offering. The total sales of spots
were only 179 bales. At the first call at
the Cotton Exchange the market was
bulletined firm and unchanged with no
sales reported. At the second call it was
unchanged with sales of 169 bales report
ed. At the last call the market closed
firm and unchanged, with further sales
of 10 bales.
The following were the official spot quo
tations, at the close of the market, at the
Cotton Exchange to-day:
Good middling- 6
Middling 5 U-16
low middling 3%
Good ordinary 5 1-16
Market firm; sales, spot 179; f. o. b., l,8fo;
middling same day lasf year, 6%.
Sea Island Cotton—The market was
quiet and steady. The quotations were
unchanged, as follows;
Extra choice Florldas 14 ©ls
Choice Floridas 13^,
Extra fine Floridas 13
Fancy Georgias 12>2@13
Extra choice Georgias 12 ©l2Vi
Choice Georgias u ©1154
Extra fine Georgias io%
Fine Georgias 9 @9%
Medium line Georgias B<4
Common Georgias s
Savannah Receipts, Exports and Stocks.
Receipts this day 2.715
Receipts this day last year 1,734
Receipts this day year before last .. 3 047
Receipts since Sept. 1, 1895 1,040]*20
Sqme time last year 745,494
Same time year before last 04i 957
Exports, continent, this day
Exports coastwise this'day 040
Stock on hand this day $3,565
Same day last year f’J^S
Receipts and Stocks at the Ports—
Receipts this day 16 696
This day last week 34|gi)5
This day last year 9’240
This day year before last 12,537
Receipts past six days 128,784
Same days last year 73!e85
Same days year before last 76,087
Total receipts since Sept. 1, 1897...7,246] 593
Same time last year 5,879.104
Same time year before last, 4,40U656
Stock at the ports to-day 1,234,142
Stock same day last year 903 047
Receipts This Week Last Year—
Saturday 14,127 Wednesday ....13 845
Monday 20,377 Thursday 9 240
Tuesday 16,096 Friday IQ,’7(J6
Dally Movements at Other Ports—
Galveston—Firm; middling, 5%; net re
ceipts, 3,827; sales, 1,941; stock, 173,509
New Orleans—Steady; middling, 5 9-16-
net receipts, 5,591; sales, 6,000; stock, 566,-
374.
Mobile-Firm; middling, 5%; net receipts,
642; sales, 700; stock, 44,677.
Charleston—Firm; middling, 5 11-16; net
receipts, 1,026; stock, 28,143.
Wilmington—Firm; middling, 5%; het re
ceipts, 121; stock, 19,614.
Norfolk—Firm; middling. 5%; not receipts
1,702; sales, 585; stock, 62,570.
Baltimore—Nominal: middling, 6M- net
receipts, 1,072; stock, 37,204.
New York—Dull but steady; middling,
6'4; net receipts, 595; gross receipts, 8,422;
sale*, 60, all spinners; stock, 206,120.
Boston Dull; middling, 6)4: net receipts,
470; gross receipts, 4,821.
Philadelphia—Quiet; middling, 6%; stock,
Daily Movements at Interior Towns—
Augusta—Firm; middling, 6; net receipts,
318; sales, 858; stock, 54,550.
Memphis—Firm; middling, 5 11-16: net re
ceipts, 1,938; sales, 5,500; stock, 114,752.
St. Louis—Steady; middling, 5 11-16; net
receipts, 4,018; sales, 260: stock, 70,586.
Houston—Steady; middling, 5%; receipts,
2,483; sales, 448; stock, 57,039; expected to
morrow, 3.800. '
Louisville —Middling, 5%.
Exports of Cotton This Day—
Galveston—To the continent, 15,586;
coastwise, 4,585.
New Orleans—Coastwise, 3,060.
Savannah—To the continent, 7,266; coast
wise, 646.
Charleston—Coastwise, 507.
Norfolk—Coastwise, 243.
New York—To the continent, 153; coast
wise, 2,896.
Total foreign exports from all ports this
day: To Great Britain, 807; to France,
none; to the continent, 22,996.
Total foreign exports from nil ports
thus far this week: To Great Britain, 63,-
578; lo France, 7,076; to the continent, 50,-
314.
Total foreign exports since Sept. 1, 1897;
To Great Britain, 2,597,419; to France, 666,-
454; to the continent. 2,090,918.
Liverpool, Feb. 24.—Cotton, spot, good
business done, prices higher; American
middling, fair, 3 27-32.1; good middling,
3 19-32d; American middling, 27-l6d; low
middling, 3 6-16d; good ordinary, 3 5-32d:
ordinary, 3d; sales, 12,000 bales, of which
1,000 bales were for speculation and ex
port, and included 11,300 American. Re
ceipts, 7,000 bales, Including *OO bales
American.
Futures opened quiet, with a moderate
demand, and closed quiet but steady;
American middling, low middling clause,'
February, 3.22tf3.23d sellers; February-
March, 3.22d buyers; March-Aprii. 3.22d
buyers; AprlMMay, 8.22d buyers; May-June,
3.23©3.23d buyers; June-July, 8.22<1 sellers;
July-August, 3.23d buyers: August-Septem
ber, 3.23d buyers; September-Oetober, 3.23
©3.24d sellers; Octobor-November, 3.23©
3.24.1 sellers; November-diecember, 3 25®
8.24d sellers.
New York, Feb. 24.—The cotton market,
while working within a scope of 7 points,
was decidedly active, Liquidation by some
of the more timid longs and a larger de
gree of confidence on the part of the bear
contingent, led to active selling, which re
sulted in a loss of 6©7 points from the
top prices of the day. About the best
prices were secured on the opening cab,
when the market showed u ’gain of 2©4
points. Throughout Ihe session, however,
Ihe market was exceedingly nervous. To
day’s liquidation was largely on Wall
street orders for the purpose of releas
ing cotton margins and taking advantage
of profits in cotton to protect holdings in
the stock market. In the afternoon the
market was very feverish and closed
steady at a net loss of I©2 points.
'New York, Feb. 34.—n00n. —Cotton fu
tures opened steady; sales, 7.400 bales;
Match. 6.08 c; April, 6.07 c; May, 6.11 c; June,
6.13 c; July, 6.16 c; August. 6.19 e; September,
6.17 c; October and November, 6.16 c; Decem
ber, 6.19 c.
New York, Feb. 24. 4 p. m.— Cotton fu
tures closed steady; sales. 201,000 bales;
February, 5.99 c; March, 6.00 c; April, 6.03 c;
May, 6.06 c; June. 6.09 c; July, 6.12 c; August,
6.15 e; September, 6.14 c; October. 6.11 c; No
vember, 6.14 c; December. 6.17 c.
New Orleans, La., Feb. 21.—Cotton fu
tures steady; sales 56,600 bales; February,
nominal; March, 5.59®5.60c; April, 5.M62
5.64 c; May, 5.69®5.70c; June, 5.73®5.74c;
July, 6.78©5.79c; August, 5.82(55.83c; Sep
tember, 5.84® 0.86c; October, 6.85®5.87e; No
vember, 5. KVa 5,87c; December, 5.88®5.90c;
January, 5.92 c, bid.
New York, Feb. 24.—Rlordan & Cos. say
of cotton to-day: “In spite of very favora
ble foreign advices, the undertone of the
cotton market was weak to-day. This was
due to the admittedly threatening aspect
of our relations with Spain. Liverpool
was quite buyonant. Instead of declin
ing as expected, prices there were par
tially one sixty-fourth higher at the time
of our opening. Under this stimulus prices
here opened two to four ixfints higher.
"Immediately after the opening a flood
of liquidation set in an (I the market broke
quite sharply, Wall street was a free sel
ler. Stocks hud a had break and the sen
timental effect on other speculative mar
kets was injurious. Liverpool sent heavy
buying orders here, however, and these
absoriied the offerings with the result of
checking the decline and causing tempo- 1
rarily a rally from the lowest figures.
"It was notice day on March contracts
and some notices were circulated. May
opened at 6.12 c, broke to 6.65 c, rallied to
6.09 c, and closed at 6.06®6.07c, with the
tone of the market steady. The-sltuation
Is decidedly a mixed one, but the bulls
seems confident.”
Hubbard Bros. & Co.’s Circular.
New York. Feb. 24.—Hubbard Bros. &
Cos., in their weekly review of the market,
say of cotton:
"Although the disaster in the harbor of
Havana is believsd to lie due to accidental
causes it undoubtedly brought about liqui
dation by a few holders who felt that
such a course was the only conservative
one to follow under conditions, which
though not probable, might lead to hostili
ties. At (he same moment the political
complication in West Africa between Eng
land ar.d France reacted upon the Liver
pool market. A sharp decline under these
conditions would not have surprised the
Irade after the elimination of a large short
interest on the recent advance, but no
weakness has been shown In any of the
markets. A reaction from the highest
point whs expected and that Is all that has
occurred, conclusively showing that the
amount of tills crop absorbed by the con
tinental and American spinners prevent
ed any great pressure to sell.
‘ Asa matter of fact the prices paid in
the South for spot cotton maintain the
Southern markets well above the prices
luting in this market or In Liverpool, due.
It is reported, to the efforts of the Soulh
ern buyers to fill the contracts they have
previously made for shipment to Europe.
It is a curious position which is presented
to the trade of a large supply passing into
consumption without pressing upon the
markets and the only explanation which
can be offered is that the demand from
spinners has been underestimated.
"The threatened political complications
haYe checked the outside investment de-
mand, but have not caused liquidation by
those who have been such persistent buy
ers for so long a time past. They regard
Ihe prospects of hostilities either between
England and Frunce or America and Bpam
as remote and consider the question of
value as yet to be determined by the pros
pect for the crop now to be planted. They
see no reason for changing the view they
have for so long held that cotton cannot
be profitably produced at the prices plant
ers have received this season and' they do
not believe the South will fall to profit by
that fact.
“The trade is, however, not so confident.
It fears further trouble will result from
the Cuban situation, and dot s not feel*
safe in predicting a large reduction in
acreage for the coming season, so it re.
frains from taking nn active Interest in
the market on either side, but opinions
are rather against than in favor of the
market. Such an outlook Is not pleasing,
but until greater confidence Is felt in a
material reduction In the yield next sea
son, we must expect, dull markets. Un
like wheat, we have plenty of cotton, and
must have a decrease in the supply next
season to produce active advancing mar
kets. though the excellent trade demand
and the profitable returns to spinners
both here and in Europe prevents any
weakness. In other words, the surplus is
believed to be worth present prices under
existing conditions.”
DR V-GOODS.
New York, Feb. 24,-The feature of to
day's dry goods market was the activity
of Jobbers and they took goods with a
considerable degree of activity. Reports
from Jobbers in various parts of the coun
try go to show that buying is quite free
with retailers in the small towns. The re
order business for spring, it Is believed,
will be a large one, and the Jobbers are
much elated over the prospect. The firm
market for all lines of cotton goods prom
Ise* a more substantial return for the
business to be transacted than has been
expected. The demand, It Is believed, wilt
be steady.
NAVAL STORES.
Spirits Turpentine—There was a good de
mand for spirits at the current price. At
the first call at the Board of Trade, the
market was bulletined firm at 33 cents,
with sales of 291 casks. At the last call!
the market closed firm at 33 cents, bid,
with no sales reported.
Rosin—The market was quiet during the
early part of the day. but there was tome
buying later at a decline of 5 cents on E,
■F, and O grades. At the first call at the
Board of Trade, the market was bulletin
ed firm, and unchanged with no sales. At
the last call, the market closed firm with
sales of 448 barrels, at the following quota
tions:
A, B, C $1 20 1 $1 65
D .7 120 K 175
B la) m l so
K 1 25 N 1 95
t* 1 35 W G 2 (K)
H 1 60 W W 2 25
Naval Slores Statement—
Spirits. Rosin.
Stock April 1, 1897 0,836 177,339
Received this day 101 70;
Received previously 302,797 1.0*3,897
Total 307,734 1,261,910
Exports to-day 200 12.515
Exports previously 288,231 1,077,090
Total since April 1, 1897....288,431 1,089,611
Stock on hand this day 19,303 172,329
Stool: same day last year.. 18.9J7 257ia81
Receipts same day last year. 70 3,213
Charleston, S. C„ Feb. 24,-Turpemtne
market firm at 32c; salis, none Rosin tlrni;
sales, none; quotations unchanged.
\\ ilmington, Keb. 21. -Spirits turpentine
firm at SSttffSSc. Rosin firm at 11.90*11.25.
Crude turpentine nothing doing, unchang
ed. Tar steady at 95c.
New 1 ork, Feb, 24.—Rosin, steady at
31.400d.4ir>. Turpentine, firm at 35(f35%c.
RICE.
Market firm und active. The following
quotations are for round lots In first
hands:
*; a ‘ r , * Am
Prime 43*195
Choice 5%5%
Rough—Tic to (1.10 per bushel.
FINANCIAL.
Money-Market steady.
Foreign Exchange—The .market Is
steady. Tho following are the? net savan
nah quotations: Commercial demand,
*4.83%; sixty days, (4.82%; ninety days,’
*4.81%; francs, Paris and Havre, sixty
days, 3.22%; Swiss, sixty days, 6.24%;
murks, sixty days, 94%.
Domestic Exchange—Steady; banks ure
buying at par and selling a* follows: Up
to (25, 10c premium; (2"> to (30, 15c premium;
(50 to *IOO, 20c premium; (900 to *I,OOO %
per cent, premium: *I,OOO and over, (1 per
(1.000.
Securities—lnactive and very dull. A
few odds and ends for sale, but find no
buyers. It Is a waiting market. Quota
tions are nominal.
Stocks and Ronds.—State Bonils-.Qeor
gla 3% per cent, bonds of 1930, 107 bill,
asktd; Georgia 3% per cent., due 1915, ’O6
bid, asked; Georgia 4% per cent, bonds,
1915, 117 bid. 118 asked ;■ Georgia 4 per cent,
due 1920, 112 bhl, - asked; Soufci Carolina
4%5, 108 bid, 109 askt-d.
City Bonds—Atlanta 7 per cent., 103 bid
asked; Augusta 4%*, 102 bid, 104
asked; Augusta 7 prr cent., 105 bid, 106
asked; Augusta 6 per cent.. 107 bid, ’OB
asked; Columbus 5 per cent., 103% bid, ,05%
asked; Macon 6 per cent,, 115 bid, 117 ask
ed; Macon 1%, 1926, 103 bid, 105 asked; Sa
vannah 5 per cent, quarterly April cou
pons, 110% bid, 111% askrd; Savannah 5 per
cent., quarterly May coupons. 110 bid,
110% asked; Charleston 4s, S3 bid, 95 asked.
Railroad Bonds—Savannah, Florida and
Western Railroad general mortgage bonds,
per eent. itUiileri coupons, 117 bid, 118
asked; SavtiTfiSlr, Florida and Western
first mortgage 6 per cent, gold bonds, due
1924. 108% bid, 109% asked; Cen
tral Railroad and Banking Company col
lateral ss. 81 bid. 91% asked; Central of
Georgia Railway first mortgage 6s, 60-
year gold bonds, 116 bid, 117 asked; Central
of Georgia Railway first consolidated
mortgage ss, 91 bid, 92 asked; Central
of Georgia Railway first preferred Incomes,
41 bid, 42 asked; Central of Georgia
Railway second preferred incomes, 13 bid,
14 asked; Central of Georgia Railway
third preferred incomes, 7 bid, 7% asked;
Georgia Railroad 6s, 1910, 114 bid, 115 asked;
Charlotte, Columbia and Augusta first s*.
110 bid. 111 asked; Charlotte, Columbia and
Augusta second mortgage 7s, 116 bid, 118
asked; Georgia Southern and Florida new
6s, 100 bid, 101 asked; South Georgia and
Florida first mortgage 7s, 102% bid, 108%
asked; South Georgia and Florida second
mortgage 7s, 103 bid, 105 asked; Ocean
Steamship 6 per cent, bonds, 1926, 105 bid,
106 asked; City and Suburban Railroad
first mortgage 7 per eent. bonds, 84 bid,
asked; Alabama Midland 5 per cent. In
dorsed, 90 bid, 91 usked; Brunswick and
Western 4s, 75 bid, 77% usked; South
Bound Railway ss, 74% bid, 75% asked;
Georgia Odd Alabama first preferred ss,
103 bid, 104 asked; Georgia and Alabama
cons. ss, 88 bid, 89 asked; Eatonton
Branch, 87 bid, 89% asked; Central of
Georgia, Middle Georgia and Atlantic Di
vision ss, 81 bid, 82% asked.
Railroad Stocks—Augusta and Savannah,
94 bl<A 95 asked; Georgia, common, 175 bid,
180 asked; Southwestern, 93 bid, 94
asked: Atlanta and West Point stock, 101%
bid, 103 asked; Atlanta and West Point 6
per cent, certificates, 101% bid, 103 asked;
Savannah Construction Company, bid,
81% asked.
Gas Stocks—Savannah Gas Light stock,
22 bid, 23 asked; Electric Light and Power
Company, 75 bid, 77 asked.
Bank Stocks, Etc,—Citizens Bank, 109%
bid, 110% asked; Chatham Bank.
48 bid, 49 asked; Germania Bank, 108
bid, 109 asked; National Bank of Savan
nah, 125 bid, 126 asked; Merchants National
Bank, 87 bid, 87% asked; Oglethorpe Sav
ings and Trust Company, 105 bid, 106
asked; Southern Bank of the State of
Georgia, bid, 139 asked; Sa
vannah Bank and Trust Company, 102
bid. 102% asked; Chatham Rea! Estate and
Improvement Company, A, 55 bid, 56
asked; B, 54% bid, 55 asked; People's Sav
ings and Loan Company, 98 bid, 99 asked.
Factory Bonds—Augusta Factory, 82
bid, 84 asked; Granltevllle Factory, 145 bid,
101 asked; Kngie and Phoenix Manu
facturing Company, 5 per cent, bonds,
bid, 40 asked; Sibley Manufacturing Com
pany 6s, 101 bid, 102 asked.
Factory Blocks—Augusta Factory, 80
bid, 83 asked: Qrar.itcvllle Factory, 145 bid,
151 asked; Langley Factory, 104 bid, 105%
asked; Enterprise Factory, common 93
bid, 96 asked; J. R. King Manufacturing
Company, 104 bid, 105 asked; Sibley Manu
facturing Company, 70 bid, 76 asked; Sa
vannah Brewing Company, 85 bid, *7 ask
ed.
New York, Feb. 24.—Money on call was
firmer, 2%03 per cent.; the last loan wag
2% per cent. Prime mercantile paper, 3(1.4
per cent. Sterling exchange weak, with
actual business In bankers' bills, at *1.84%
04.84%, for demand, and at *4.82% for six
ty days; posted rates. *4 82%04.H4, and
*t.86<U4.86%; commercial bills, (4.82%. Sil
ver certificate#, 1,000 ounces at 6% c; clos
ed at 55%56%c. Bar stiver, 55%e. Mexi
can dollars, 45%c. Government bonds
were weak. State bonds were dull. Rail
road bonds were weak.
New York, Feb. 24. The Evening Post's
London financial cablegram saya: "The
stock markets here were dull, being de
pressed lay New York and Paris. Ameri
cans were flat, closed weak on liquidation
here. The buying here to-day was of a
better class than the selling, arid prices
closed a shade above the lowest.”
N*-w York, Feb. 21.—The slump In the
stock market this morning was so sudden
and so violent that tradings almost took
on panicky conditions, but the liquidation
PAGES 0 TO 10;
was practically over in less than half an
houi, and then there was some quick re
coveries. Tjie dullness and recuperative
tendency that followed showed the deter
mination to let go at whatever sacritrtca
had been quickly abandoned, and a lata
drive by the bears found price# by no
means so unresisting as in the morning.
The covering of shorts worked a substan
tial rally before the close. The early slump
ranged from one lo nearly five points In
the standard shares, and from that up t#
an extreme decline of twelve points ip
Metroqiolltan Street Railway In special
ties.
Recoveries, though sharp In some shared
were at 110 time complete In any stock.
The Inter tone of the market suggested
that the early break was at least encour
aged by manipulation, tmd the substantial
character of the buying nt the extreme de
cline corroborated the view that Dura
were waiting purchasers anxious to secum
stocks at a lower level of prices. But the
fact was obvious nevertheless that appre
hension over the Cuban situation was morn
acute than at any time heretofore. Thera
was evidently a mass of orders to sell at
the market when tradlrg opened and com
mission houses report that these camp
from ninny sections of tho country, indi
cating an uneasy desire on the part of
holders to realize on their securities. Th
character of the buying is evident that
there are owners of largo capital, who I*-
lleve that the situation has been fully dis
counted In the declines which have licet*
made, London was also a large buyer
during the day, Its total purchases living
estimated at 40,000 rha res. Government!
bonds were strikingly weak. Money was
higher, call loons being made from 2% t
3 per cent., and time loan* for sixty days
wore made at 4 per cent., with quite ap
advance In the demand. The calling ip
of loans caused realization in quite a lot
of sterling exchange, which was held at
collateral, and the exchange market broket
sharply, sterling being quoted at % lielowt
yesterday's price. This is near the gold
tmimrl point, and suggest an available*
source of relief for any threatened strin
gency In the money market.
Quite a heavy movement of currency to
the Interior Is still in progress, but does
not appear that this Is due to any otheis
cause than the expanding demands of!
business. Money Is going Into loans, e rid
thus Into the active course of trade. Ip
the stock market, those securities which
showed the heaviest declines, notably tho
Grangers, with Burlington leading, and
the international stocks with Union Pa
cific. the most acute sulTerer, enjoyed
sharp rallies so that the (lay's net de
clines are brought within a range of 1 to
4 iiolnts outside the specialties. Metro
politan Street Railway dropped twelve
points, hut closed three points above that,
and Manhattan, though It fell at one lima
9% points, shows a net decline of six
points.
The movement in the bond markets wag
In sympathy with that In stocks, declines
ranging between one and two points.
Prices closed somewhat 'above the lowest.
Bales, $4,025,000. United States new 4s
coupon fell % jMir cent., and sold at the
price. 125%. The regular bond same Issue,
fell 1%, hut sold 1 peritpnt. above the bid
price at the asked price. The old 4s cou
poh fell 1 per cent., the 3s %. and the old
4h registered % bid.
The total sales of stocks to-day wera
738,400 shares, including Atchison, 5,310;
Atchison preferred. 9,110; Chesapeake and
Ohio, 9,735; Burlington, 42,405; Erie pre
ferred, 3,200; Luke Shore, 3.315; Loulsvllla
and Nashville, 20,990; Manhattan. 38,420;
Metropolitan Street Railway, 15,420; Read
ing preferred, 11,385; Missouri Pacific.
13,350; Kansas and Texas preferred, 6.670;
New Jersey Central, 6,611; New York!
Central, 31,620; Northern Pacific, 19,220;
Northern Pacific preferred, 30,020; Kockl
Island. 18,420 ; Bt. Paul, 60,820; Southed*
preferred, 7,'UO; Union Pacific, 19,820; Wa
bash preferred, 6,390; Tobacco, 14,920; Chi
cago Great Western. 3,870; Peoples' Gas.
61,420; Consolidated Gas. 560; General
Electric, 5,780; Pacific Mall, 6,556; Sugar,
86,820; Tennessee Coal. 4,485; Western L T n.
lon, 13,192. •
New York Closing Stocks,
Atchison 10%|8t. P. ft 0m... 66%l
l'ef 26%| do do pref ....148 |
Balt. A Ohio .. l,'.%|St. P M A M. 130 !
Canada l’ac. .. 82 j So. Pacific 19 *
Canada So. ... 47 |Bo. Railway .... 4%
Cent. Pac 13 | do pref 271a
Ches. A Ohio .. 20%| Texas A Pacific 10%
Chic. A Alton ~W3 | Union Pacific .. 28%
Chic., B. & Q..P3%|U. P. D. A G.. 8%
Chic., AE. I. 54 | W’abash 7
C C C 4 Bt. L. 30 | do pref 151a
do do pref .... 80 j Wheel. & L. E.. 2%
Del. A Hudson.](#;%i do do pref .... 11%
Del., L.’* W,,.150 j Adams Ex 112
Del. A Rio ... 12 j American Ex. ..,25
do Pref 46%| United Stales .. 43
Erie (new) 18%| Wells Fargo ..,.115
do Ist pref .. 28% j Reading Ist pref 4i%
Fort Wayne ...168 1 Am. Cot. 0i1..; 18
Gt. Nor. pref ...Us | do pref ■%(
Hocking Val. ~ C%|Am. Spirits 7%
Illinois Cent. ...Mo%| do pref
Lake E. & W.. 15 | Am. Tobacco .. 88
do do pref ... 79 j do pref n3
Lake Shore ~..191 (People’s Gas .... 90
1 Louis. A Nash. 53%j Cons. Gas ...... 199%
Manhattan L. ~102%1C0m. Ca. Cos. ..130
Met. St. fty. ..135 | Col. F. & 1 19%.
Mich. Cent 104%| do do pref .... 78
M*nn. A St. L.. 2t |Gen. Electric ~ 31*§
do do Ist pref 83'%,' Illinois Steel ...46
Mo. Pacific ...25 iLa Cled® Gas .. ::9
Mobile A Ohio 37 | Lead 30
Mo. K. & T.... 11%| do pref logij
do .pref 35 | Nat. Lin. 011 ..15
Chic. Ind. A L. 8 | Ore. Imp. Cos. .. 27
do do pref ... 27 Pacific Mai! .... 27%
N. J. Central .. 91%| Pullman Pal. ..176
N. Y. Central ..111 1 Sliver Cert 55%
N. Y. C & St L. 12%| Stand. R. & T.. 4%
do do Ist pref 68 | Sugar 121%
do do 2nd pref 33%: do pref 110%
Nor. West. ... 13 |T. C. & Iron .. 19
No. Amer. C 0... 6%| U. S. Leather .. €'4|
No. PacMlc ... 2f*%| do pref 60%
do pref 59%|U. 8. Rubber .. IS
Ontario AW. 15%| do pref 65%
Ore. R. ft Nav.. 46 j West. Union .... 87
Ore. H. L 27 i Northwestern ...IS)
Pittsburg 169 | do pref ........173
Reading 38%|8t. L. & 8. W.. 4%)
Rock Island .... 84 do pref 9%
St. L. A S. F.. 0% R. G. W 23
da. do Ist pref 34%j do pref 67
do do 2nd pref 22%i C. G. W 9%
St. Paul . 91% Hawaiian ........ 29
do pref 145 |
Bonds.
U.B. new 4,reg.l2fi%;N. Y. C. lets ~116%J
do coup 125% N. J. C. 5s 114 *
U. 8. 4s 112 |N. Carolina 6a,. 128
(lo coup 113 do 4s 103
do 3ds 99%|Na Pac. Ist* ..118%
U. 8. ss, reg. ..1!2%| do 3s 69
do 6s, coup. ..112%| do 4s 95
District 3 60s ..IWiIN.Y.C. ft 8t.L.45,10f.%
Ala. class A ~l<W%|Nor. A W. 6s ..125
do B 107 |Northw, cons. ..142%
’do O 109 ; do deb. 6 117
do Currency ..lOe ,0. Nav. lsts ...114
Atchison 4s 89% <J. Nav. 4s 96
do adj. 4s .... 3S%;O.S.Line 6s, t. r. 123,