Below is the OCR text representation for this newspapers page.

review of markets iO.NDITIOX OF GILVERAL TR.U)E diriitq rue FAST week. COTTON MARKETS LOWER. lUTIKKS CLOSE AT A FIRTHER DECLINE OF O TO lO POINTS. \ Liulii llusiness Reported iu Mu Spot Cotton Market—Spirits Firm ;|s',<—Rlu Urm and In. chanßed—Stock* Recede on Protlt lakius Local anti Telegraphic Market*. The Morning News Office, Friday, March 15. Hie downward tendency of the cotton markets was the feature in trade cir cles during tho past week. What gives importance in financial circles to the steady, but violent break in prices, 'a the targe advances Which have been made in many sections of the South against cotton, and the consequent strain on holders, which may in some instances enforce offering*. While it is posisblfe that a further drop in prices may bring out what cotton remains la •lie interior and at the ports, it is never theless true that much of the unsold crop has either passed into the control of the banks, or is being held by individuals who are able to carry it to a finish. So tar the offerings have been moderate from the interior, and no evidences of a care have appeared os a result of the drop. The turpentine market closed firm to day at 3614 c, with a light business re ported. The demand was light. Rosins advanced 5c throughout the line during tlio week. The wholesale markets ruled, steady. The New York stock market closed rather easy, with Inroads into ' alues by general profit-taking. The fol lowing resume of the markets will show ■one and quotations at the close to-day: COTTON. The cotton market closed easier, with sa ies on the epot of 368. The tendency has been downward throughout the week, with indifference generally manifested in both the local and Interior markets. Fu tures ruled quiet and easy, showing de clines on moet day's, with a further drop of 6to 10 points to-day, with the tone steady. Owing to the unsettled condition of the futures market the entire situation reflected gloom, and was not relieved un til Thursday, when Ellison issued a bull ish statement on consumption, which serv ed to bring about a short-lived rally. Feel ing is divided owing to the uncertainty of the movement during the next few weeks. It is currently believed that large amounts of cotton are being held for a rally, and in the event of further declines these holdings may be dumped upon the market with disastrous effect. In many quarters, however, feeling is decidedly op timistic. Good middling f. o. b. was around 9 l-16c to-day, with the offerings fairly good. The following were the official spot quo tations at the close of the market at the Cotton Exchange to-day: |ThiT£s | day. | year. Good middling 8 15-16 9 1116 Middling ;..|W4 |9t4 Low middling ..v.......|7 13-16)9(4 Market, easier; sales, S6B. Sea Upland. Island. Sales for week 1,545 949 Same week last year........ 1,059 Sales this season 68,409 34,407 Same time last year 75.138 ...... Receipts Past Week. fUp- [ Sea - Receipts of Cotton — ' | land:| Isl’d. Receipts past week ) 16,298) 713 Same week last year | 19,830) 392 Particulars of receipts— | Central Railroad ] 9,999; 18 S„ F. & W | 2,2651 222 Charleston and Savannah ~| 394) Southern Railway J 777| Carts | 6| 11 River steamers j 26j ... Beaufort steamers j 10) Seaboard Air Line j ‘2,971| 462 Exports— j j Exports last week .....j 4.243) 901 Same week last year 28,377| 500 Movement— Brunswick , | ...| 75 Baltimore 67b| New York 703 ) 826 Boston 2,865) Stock on hand and ships j 78,791 j 25,768 Same time last year |109,982| 12,480 Savannah Receipts. Exports end Stocks. Received this day 2.841 Received same day last year 2.937 Same day year before last ...... 3,080 Receipts past week 17,10. Same week last year 20,226 Same week year before last .... 10,073 Received since Sept. 1 908,820 Received same time last year .... 980,283 Exports Past Week— Exports this day, coastwise 838 Exports past week, coastwise .... 5,114 Exports past week, continent None Exports past week, France None Exports past week, Great Britain. None Total exports past week 5,144 Exports Since Sept. 1, 1900— To Great Britain 152,035 To France 23,899 To the continent 400,802 Total foreign 576.736 Total coastwise 236,677 Total exports 813,413 Exports Same Time Lost Year— To Great Britain 152,397 To France 34,848 To the continent 380,660 Total foreign 667 !*i„ Total coastwise 310,231 Total exports 879.136 shock on hand this day 104.559 Stock on hand same day last year. 121,255 Receipts end Stocks at All Ports— Receipts this day 20,334 This day last year 19,108 i his day year before last 20,236 Receipts past week 128,.'Ll name day last year 1i1,682 * ear before last 95.678 lotal receipts since Sept. 1, 1900..6,113! 182 “ame ime last year 5,738.276 J-ame time year before last 7,378.907 •'took at all ports to-day 808.936 *>ook same day last year 873,822 rmily .Movements at Other Ports— Galveston—Steady; middling, g 11-16; net receipts, 8,33); gross, 8,320; sales, 910; stock. 134.678. Xew Orleans-Steady middling. 8 11-16; "et receipts, 6,398; gross, 6,399; sales, 7,100; ‘lock, 340.041. Mobile—Quiet; middling. 8-H; net receipts, i M gross. 84; sales, 400; stock, 20.518. 1 harleston—Firm; middling, B*4; net rs- Gpts. 29; gross. 29; stock. 9,056. ' limlngton—Firm; middling. 8%; net re elpts, 63; gross, 63; stock. 2,875. Norfolk—Steady ;mlddl!ng, 8 11-16; net I -r*. B ro . *; sales. 120; stock, Baltimore—Nominal; middling, B*J; net celpts, 7rg. j 033; stock, 10,778. New York-Steady; middling. g 4: net re *; gross, 2.358; sales. U,*; stock, *lv.*4B. Boston—Steady; middling, 8%; net re •'MS. 580; gross. 1,485. Philadelphia—Hull; midtiling. 9; net ro it!!n W,; ,ro ** tt; stock, 4,225. '•ally Movements at Jr tailor Towns— M)guts-Qu|et; middling, I !-)•; net re -42,311'’ •o'ss, Mi slock, MURPHY & CO., INC.. Board of Trade Building, Savannah. .Gvate leased wires direct to New lurk, Chicago and New Orleans. COTTON, STOCKS AND GRAIN. * ew Turk Office, No. 61 Broadway. ufI T' PS lu principal cities throughout the South. Wrße for our Market Manual and book containing instructions for traders. Memphis— Steady; middling, S%; net re ceipts, 446; gross, 829; sales, 1,400; stock, 139,959. St. Louis—Quiet; middling. 8 11-18; net receipts, 480; gross, 2,082; sales. 115; stock, 74,080. Cincinnati—Nominal; middling, 8*; net receipts, 323; gross, 323; stock, 8.645. Houston—Steady; middling. 864; net re ceipts, 3,339; gross. 8,339; stock, 91.692. Louisville (weekly)—Firm; middling, 8%; sales, 40; stock, 840. Exports of Cotton This Day— • Galveston—To Great Britain, 6,680; con tinent, 8.911. New Orleans—To Great Britain, 17,052; continent, 925. Mobile—Coastwise, 200. Savannah—Coastwise, 83S. Charleston—Continent, 4,200; coastwise, 90. Wiimington— To Great Britain, 6,384; coastwise, 2. Norfolk—Coastwise, 891. Baltimore—Continent, 700. New York—France, 572; continent, 826. Boston—To Great Britain, 2,537. Total foreign exports from all ports this day: ToGreat Britain, 33,039; to France, 572; to the continent, 15,562. Total foreign exports from all ports thus far this week: To Great Britain, 74,146; to Frande, 19,980; to the continent, 60,987. Total foreign exports since Sept. 1, 1900: To Great Britain, 2,324,937; to France, 562,- 662; o the continent, 1,783,090. SEA ISLAND COTTON. Prices about as follows: Extra choice Floridas 23 @22'4 Fancy Georgias 21 @2Ui Extra choice Georgias 20 @2o>i Choice Georgias 18 @l9 Extra fine Georgias 17 @lB Fine Georgias 16 @l7 Receipts and Stocks— 1900-01. 1899-00. Receipts past week 383 280 Exports past week 901 500 Receipts this season 56,346 70,374 Sales last week 949 334 Stock on hand 26,138 12.748 Charleston, S. C.. March 15.—Sea island cotton: Quotations unchanged; receipts, 4 bags; exports, 50; sales, 50; stock, 1,519. COTTON FUTURES. The Market (Tone* Steady With Prices (i to XO Points Lower. New York, March 15.—Cotton worked lower to-day under a fresh show of bear power, and a nervous retreat of bulls, who, yesterday, scored a signal advance. Liverpool was higher than expected when our market opened and exerted a steady ing influence for a brief period, though initial prices were net 2 points higher to 2 points lower.* There was a dearth of investment in the hands of commission brokers, and the bull element was not ag gressive. Shorts were quick to profit by the lack of speculative support and sev eral times raided the market before the noon hour. The result of these selling movements was a sharp decline through out the list, noon bids showing a net loss of B@ll points. For the rest of the ses sion local shorts were virtually In posses sion of the pit, but were content to allow the market to follow its own inclinations, so long as that leaning was toward lower prices. Fresh selling of a bear nature in variably developed Upon every sign of a rally. Europe bought around the opening and smaller shorts covered; thereafter the South, the West, room operators and German interests sold. The lpcai spot market was Very active, sales reaching 11.600 bales, the largest single day's trans actions in months. At the close, the mar ket was steady, apd net 6@lo points lower. FLUCTUATIONS IN FUTURES. New York, March 15.—Cotton futures opened steady and closed steady. Prices as follows: ] Open.( High. ] Low. [Close. January [ 7.75 February j March 8.40 j 8.40 8.31 8.32 April 8.37 I 8.37 8.36 8.32 May 8.43 | 8.44 8.33 8.36 June 8.47 j 8.47 8.36 8.38 July 8.49 | 8.49 8.38 8.40 August 8.21 I 8.22 8.11 8.14 September ... 7.79 I 7.79 7.75 7.77 October 7.72 ( 7.72 7.66 7.67 November ... 7.61 j 7.61 7.59 7.58 December 7.57 ] 7.58 7.58 | 7.55 LIVERPOOL COTTON MARKET. Liverpool, March 15, 4 p. m.— Spot, good business done; prices l-32d higher; Amer ican middling, fair, 5 15-32d; good mid dling, 5 3-16d; middling, sd; low middling, 4 13-16d; good ordinary. 4 9-32d; ordinary. 4 5-16d. The sales of the day were 10,000 bales, and 500 for speculation and export, and included 9,600 American; receipts, 6,- 000, including 5,600 American. Futures opened quiet but steady and closed quiet; American middling, low mid dling clause: March, 4.56d, buyers; March- April, 4.55@4.56d, buyers; April-May, 4.65d, buyers; May-June. 4.50d. buyers; June-July, 4.55d, sellers; Juiy-August, 4.54d, sellers; August-September. 4.460, buyers; September, 4.46d, buyers; October, g.0.e., 4.23d. buyers; Qotober-November. 4.19d, sellers; Novemljer-December, 4.170, sellers. NEW ORLEANS COTTON MARKET. New Orleans, 'March 15.—Cotton futures closed steady. jMarch, bid B.s4!|A.uguat .. . .8.11@8.12 April, bid! B.4l'September .7.6507.67 ,Moy B.3Boß. 39;pctober 7.4607.48 June, bid 8.37 November ..7.3707.38 ,July 8.3508.36 l( December ...7.3607.39 H. A B. Beer'* Cotton Letter. New Orleans, March 15.—Liverpool was disappointing and cables from there stat ed that MancheMer was declining. No fresh business, spinners simply exchang ing futures for spots. American offer ing spots more freely. Much of the re.- cent buying lias been on speculation, and with a declining tendency. Alt this cot ton will be thrown on the market. Our market responded by opening 2 to 4 points lower, declined 8 to 9 on the large inte rior receipts, the free movement into the sight, and the heavy Increase tn the vis ible. Shorts covering near the close oc casioned an advance of 4 to 5 from the bottom, making the net loss on the day 6to 8 points. The visible supply is now 344,000 in excess of last yenr. The world has taken 925,000 less of American to date than Inst year. Mr. Ellison for the sea- FINANCIAL. F. A. ROGERS & CO., INC. Ersar/r* <"•**< Iflgh-f*rod* liivMimriit Ntrurttln Bmc4 upon fctHplo Product*. rnreituMmt* In of tht iiort h*r* th# ch%r pftrr Anri nubility of InvcMmenliln reAlwutr. Hack otjuuh wnirlt* It driupnd for iiM riu! rtfniniifilloit by All otrlllrcd people*. AncßlablUbAd hfliM*. ■ -(informing lo InrioUMo rnlr* of All AX rbctigcu. Av#ptA r**h purrhAHOi or MfF mArfflM ntghMt Htfremif and (wilt. m wmu Mt~*. "C" roam. JOHN W. DICKEY. ■ tack and Mom! Brake*. A l til 11 A, OA. Writ, far List, THE MORNING NEWS: SATURDAY, MARCH 16, 1901. Sill Bit M GO. ' Capital $350,000. JOSEPH D. WEED. President. JOHN C. ROWLAND, Vice President. WM. F. MCCAULEY. Cashier; A general Banking and Exchange busi ness transacted. Savings Department interest computed quarterly. Accounts of merchants, banks and cor porations solicited. American Express Company's letters of credit issued available In all parts of the world. Collections carefully made and prompt ly accounted for. Safety deposit boxes and storage vaults for rent. Correspondence Invited. son estimates they will consume only 1,- 040,000. hut as for twenty-eight weeks they have taken within 115,000 less of the amount- allowed by him for the year, it looks as if his figures will be exceeded very soon, and that he will be compelled by facts te reduce his estimate of Amer ican consumption under ten million, espe cially when we consider that textile trade conditions are growing worse. All advices from the interior confirm larger holdings generally than last year, consequently with the statistical situation growing weaker daily and poor trade the chances are values will gradually seek a lower level. Murphy A Co’s Cation Letter. New York. March 15.—Cotton in Liver pool opened 2 to 3-64d higher, for futures, and l-32d up on spots. Futures, after numerous fluctuations, closed barely half point over yesterday. This market open ed slightly better on nearby deliveries, but weakness developed in fresh specula tion selling for European and Southern account. This in conection with news from Fall River that mills there had agreed to curtail production by shutting down for 30 days. This news had a rather depres sing effect, and prices declined 10 to 12 points under opening. There was a slight rally of a few points, the market appears to be hesitating, and sentiment at present is more inclined towards some improve ment in prices. Estimated ports 23,000. against 19.108 last year. New Orleans ex pects to-morrow 4,000 to 5.000, against 4, 791 last year; Houston 5,900 to 6,200, against 1.701. Hubbard Bros. A Co.'a Cotton Letter. New York, March 15.—Liverpool did not fully respond to our Improvement of last evening and closed steady at a shade bet ter than yesterday. After opening it was apparent that the receipts at the interior towns would be heavy, which caused realizing, prices slowly receding until a decline of 10 points from yesterday's clos ing quotations was recorded. The insight movement is 19,000 bales larger than last year, while the stocks at the counted is two hundred and thirty thousand bales larger than last year. Such stocks have not been seen at this season of the year. The statistical position and the trade outlook grows weaker each week as com pared with last season, but the local trade are looking for another reaction and buy on all declines, believing this market must sell closer to Liverpool. Dispatches from Fall River report the mills will probably go on short time, owing to their inability 10 sell their goods. Notwithstanding these advices the local feeling is inclined to the bull side. WEEKLY COTTON REPORTS. Comparative Cotton Statement- New York, March 15. For the week ending March 15: Ne.t receipts at all United States ports during week 128,551 Net receipts at. all United States ports during same week last year t 116,682 Total receipts to this date 6,113.182 Total receipts to same date last year ).. 5,738,276 Exports for the week . 155,113 Exports for same week last yeah 144,176 Total exports to this date 4,860,689 Total exports to same date last year 4,259,282 Stock at all United States ports.. 808,980 Stock at ail United States ports same time last year 872,822 Stock at all Interior towns 627,036 Stock at all interior towns same time last year 377.585 Stock at Liverpool 757,010 Stock at Liverpool same time last year 632,000 Stock of American afloat for Great Britain 138,000 Stock of American afloat for Great Britain same time last year 219,000 Comparative statement of net receipts at all the ports during the week ending Friday evening, March 15, 1901, and dur ing the same week last year. 11900-01.11899-00. Galveston 40,758 16.720 New Orleans 43,708 43.486 Mobile 594 2,940 Savannah .. 17,011 20,222 Charleston 3,329 4,195 Wilmington .. 1,469 3.358 Norfolk 6,264 6,571 Baltimore .. 4,102 2.859 New York .... 3.229' 6,320 Boston 2,059 2,473 Philadelphia 7431 1,558 Port Royal .. j ..j 806 Pensacola | 114| Brunswick I 6,171! Newport Newa ) j 175 Total .. .. | 128,551) ill ,682 Comparative statement of net receipts at all tlie ports from Sept. 1, 1900, to Friday evening. March 16. 1901. and from Sept. 1, 1899, to Friday, March 16, 1900: Receipts Since Sept. 1— 1 1900-01.1 1899-00. Galveston 1,694,159(1,599.237 New Orleans 2,018,467j1,601,116 Mobile 123,664) 183.560 Savannah 907,456 ) 982 2*2 Charleston 207,624; 241.025 Wilmington 248,152) 202,805 Norfolk 331,208 350.761 Baltimore 54.803) 77,136 New York 133,226| 78.713 Boston 174.2841 73.461 Philadelphia 17.618) 40.379 Pensacola 105,629) 10..209 Brunswick 66.156| 75.168 Newport News 18,U9| 15,210 Port Arthur 14.267 j 53.190 Tot ,l 16,113.082,5,712,602 *s'tock of cotton at Till ports. March 15, 1900, and on the same day of the week last year. " 118)0-01. j 1899-18). New Orleans '--I 340.041 364.559 Mobile I 30,518' 16,111 Galveston I 134,676 108,i45 Savannah I IW.fiWI 122,462 Chgrleeton If 31.4.4) Wlimlngto*) i 3,97a 12.798 Norfolk I 26712; 40.915 New York ! 146,4481 142.599 Other ports I 23.995 , 31,081 "r'tYf -f808.9801 873.822 HEri'Eß’ft FT ATT ME Vl\ Amount of Cotton Drought Into sight the l*t Week. New Orleans. March 15—Secertary Hester's weekly statement issued to-day sltows the amour* of cotton brought Into sight during til* P“<d week to be 155.098. against 133,167 for ths seven days ending this date last yr and 148.983 year be fore last. For the U day* of March It las been >15,557, ggakiet *18.782 last year, and 296,168 year before last. Tho tots) movament tor the 196 days’ 01 Hie season Is 8,585.179, against 6,033.1)29 uel year, and 9.743,711 year before last. The movement since Sept, 1, shows re ceipts at all United (Rates porta 6,152.024, ESTABLISHED 1873. HENRY BEER. BERTRAND BEER. EDGAR H. BRIGHT. H. & B. BEER, Cotton i Merchants, NEW ORLEANS. Members of: New Orleans Cotton Ex change, New York Cotton Exchange and Associate Members Liverpool Cotton As sociation. Special attention given to (lie execution of contracts for future delivery In cotton. against 6,848,169 last year, and 7,422,195 year before last; overland across the Mississippi, Ohio and Potomac rivers to Northern mills and Canada 933.205, against 1,080,561 and 1,126,766; interior stocks in excess of those held at the close of the commercial year 559,277, against 141,192 and 860.244. Foreign exports for the week have been 155.948, against 107,734 last year, making the total thus far for the sea son 4,760,976. against 4,337.748 last year. The total takings of American mills, North and South and Canada, thus far for the season have been 2,561,343, against 5,0)3,249 last year. Stocks at the seaboard and the 29 lead ing interior centres have decreased dur ing the wfek 61,208 bales, against a de crease duflng tho corresponding period last season of 50,614. Including stocks left over at ports and interior towns from the last crop and the number of bales brought into sight thus far for the new crop, the supply to date is 8,708,013, against 8,650,927 last year. WORLD’S VISIBLE) SUPPLY. Hester’s Figures Show It to Be 4.00.1,- 4110 Bales. New Orleans, March 15.—Secretary Hes ter's Btatement of the world's visible sup ply of cotton issued to-day, shows the to tal visible to be 4.063.460, against 4.055,956 last week, and 3,719,829 last year. Of this the total of American cotton is 3,061,460, against 3,056,956 last Week, and 3,009,829 last year; and of all other kinds, includ ing Egypt, Brazil, India, etc., 1,012,000, against 999,000 and 710,000. Of the world’s visible supply there is now afloat and held in Great Britain and Continental Europe, 1.910,000, against 1,926,000 last year; in Egypt, 177,000, against 186,000; in India, 512,000, against 329,00, and in the United States, 1,464,000, against 1,279,000. DRY GOODS. New York, March 16.—Prices seem to have touched bottom in some directions, slight advances beihg reported in some lines of bleached muslins and wide sheet ings. The demand has again been mod erate throughout for general supplier, but buyers generally want quickest possible shipment. Staple domestics continue irregular. Print cloths dull and feature less. Prints and ginghams quiet. Unens firm, but. demand quiet. Burlaps are firm for light weight but easy for heavies. NAVAL STORES. Friday, March 15. SPlRlTS—Nothing of interest charac terized the spirits turpentine market during the past week. The tendency of prices was downward, and the closing to day is at the decline. The market on Wednesday was steady, ait 37c, with "nothing doing” on Thursday, and firm to-day at 35(4c, with a light business doing. The reports at the Board of Trade showed sales of 11 casks at 37c. and 100 at the lower price. Receipts to-day 191, and the exports 20. ROSINS—An advance of 5c on Wednes day on all grades of rosins was the feature of the nlarket. The demand has been fairly good, with transactions on a satsifactory seije. Recoipts to-day, I, and the exports 1,847. Quotations—At jhe close of the market to-day the following quotations were bul letined at the Board of Trade: Spirits Turpentine—Firm, 3514 c; sales, 111 Rosin firm; sales none. Prices as follows; A, B, C ...81 20 I 51 70 D 1 25 K 1 85 E 1 30 M 1 95 F.. 1 35 N 200 G 1 40 W G 2 it) H 1 55 W W 230 Same Day Last Year— Spirite Turpentine—Firm, at 5414 c; sales, 156 casks. Rosin firm; sales, 566. A, B, C |1 50 1 |z 05 D 1 80 M 225 E 1 55 M 250 F 1 60 N 3 IX) G.„ 1 65 W G , 3 30 H 1 85 W W 340 Receipt* Pat Week. Exports Past Week— Spirits. Rosin. Receipts past week 1,342 14.057 Same week last year 1,232 10,268 Exports last week 1,064 30,551 Same week last year...,,; 4,681 9,937 Movements— New York 433 1,619 Philadelphia 160 73) Baltimore 6,514 Boston 75 A'arious 320 660 Trieste v 5.142 Buenos Ayres 5,80) Rotterdam 151 2.875 Danzig 6,60) Bremen 500 Total exports 1,064 30,551 Receipt* and Ntock*. Receipts of shipments and Stocks from April 1, 1900, to date, and for the corre sponding date of last year; 1900-19(6. Spirits. Rosin. Stock April 1, 1900 2.197 142,506 Received this week 1.342 14.057 Received previously 332,098 1.080,209 TYrtal 1,236,772 Exports— Foreign ••'.....233,978 642,335 New York 40,9)3 105,323 Coastwise and interior 52,077 321,916 Total ....326,958 1,f69,074 Stock on hand this day 8,679 167,198 1899-1900. Spirits. Rosin. Stock on hand April 1, 1899 . 3,596 111.396 Received this week 1,232 10,268 Received previously 800,007 1,050,5)1 Total 1,172,165 Exports— Foreign ...234,581 601,385 New York * ~,,., 34.569 137,392 Coax!wise and Interior .... 39,150 274,981 Total 1,013,762 Stock on fiand 1,535 168.403 Charleston. H. C.. March 15.—Turpentine, nothing doing. Rosin firm, unchanged. Wilmington, N. C„ March 16.—Spirits turpentine, nothing doing; receipt*, 17 casks. Rosin, nothing doing; receipts. 55. Crude turpentine steady at $1.30 and 12 30; receipts, 8. Tor llrm at $1.16; receipts, 359. New Orleans. March 15.—Receipts: Tur pentine, 65: Exports to Liverpool: Rosin, 40. New York. March 15.—Rosin, steady; CHAS.W.LEE & CO:'=*S <V'**x *wra * Oral* * Prevision* U . u _„ r N Y. Colton E*eh**. N Y Cogtt Kch*fe, __________ ' l N <)• Cotlo* E.h*r, Cbk*go Board <0 lid Cotton Brokers tO T.T.r. E strained, common to good, 81.60. Turpen tine, easy; 38*@39c. FINANCIAL. MONEY—Money, easy. CLEARINGS—The bank clearings for the past week were 83.062,656.11. against $4,775,612.75 and 31,797,576.68 for the corre sponding week In 1899. Clearings by L>ays— Saturday .. 3 544.706 95 Monday 515,960 55 Tuesday 405,942 73 Wednesday .. 074,181 43 Thursday 497,018 26 Friday 524,816 39 Total $3,062,656 11 FOREIGN EXCHANGE Market steady. Commercial demand. 84.87; sixty days. 84.83*4; ninety days, 84,82 V. francs, Paris and Havre, sixty days, 6.20 5 ,; Swiss, sixty days, 5.22 V Belgian, G.2IV marks, sixty days, 94'-; ninety days, 94 3-16. DOMESTIC EXCHANGE - Steady; banks are buying at 1-16 discount and selling as follows; 825 and under, 10c pre mium; 325 to 350, 150 premium; 850 to 3100, 20e premium; 3100 to 3UO, 25c premium; $2OO to 1,000, % premium; $l,OOO and over, 75c per M. SECURITIES—Quiet and firm. Fair Investment demand. Central incomes rather erratic. Stocks. Bid. Ask. Augusta aißlSavannah R. R lilts nay* Atlanta and West Point 140 ... do 6 per cent, certificates 106 109 Augusta Factory 84 gg Citizens' Bank' 189(4 140‘i Chatham Bank ..108 109 Chatham R. E. & 1. Cos., A 55c, 5614 do do B SAMs 55), Eagle and Phoenix Mfg. Cos 100 104 Edison Electric Ilium. Cos; to 9 Enterprise Mfg. Cos 101 108 Germania Bank 131 Georgia and Alabama 32 33 Georgia Railroad, common 2,K> 233 Granltevlllc Mfg. Cos pjg J. P. King Mfg. Cos. .; 101 103 Langley Mfg. Cos. Merchants National Bank 124 125 National Bank of Savannah ....158 160 •People’s Savings and Loan tot 103 Seaboard, common 1314 141^ do preferred 32V, 3314 Southwestern Railroad Cos 114Vli 15(4 Savannah Gas Light Cos 22 23 * Southern Rank 162 164 Savannah Bank and Trust 127 128 Sibley Mfg. Cos., Augusta ......... 87 88 Savannah Brewing 104(4 10514 ‘Ex-dividend. Bond*. Bid. Ask. Char., Col. & Aug. Ist ss. 1900 .109 110 Chat. & Gulf R. R. 5 per cent. Ist mortgage 103 104 Atlanta 4s, 1923 107 log Augusta city 4s, 1927 106 109 do 4(45, 1925 ill do 7s, 1903 107 .... do 6s, 1913 128 ... Ala. Mid. ss. ind’d 1928, M. & N.106 108 Augusta Fact’y. 6 per cent., 1915.112 118 Brunswick & Western 4s, 1938 ... 87 88 C. R. R. & Banking collateral 55.100 101 C. of G. Ist mortg. ss, 1945, F. & G '. 1 1314 O. of. Ga. eon. ss, 1945, M. & N...105 106 C. of Ga., Ist incomes, 1945 71( 2 72*A do 2nd incomes 84t* 36(4 do 3d incomes, 1945 17 18 C. of G. (M. G. & A. Div) 6s, 1947, J. & J 102 103 C. of G. (Eatonton Branch) ss, 1920, J. & D 102 103 City & Suburban R. R. Ist 75....109 no Columbus City ss. 1909 107 Charleston City 4s, 1909 99 101 Eagle & Phoenix Mills 6s, 1928...106 108 Edison Electric Illuminating 65,.,107 108 Enterprise Mfg. 6s, 1902 ](* 104 i Ga. R. R. 6s. 1910 116 117 G. S. &F„ 1945, J. & J 113 in Georgia & Alabama Ist 6s. 1945.. 108 109 Georgia & Alabama cons. 5s 103 104 Georgia state, 3'/2S, 1930, J. & J... 108 109 do S*4s, 1915, M. * N 107 ... do His. 1915 iig it* Macon city 6s, 1910, J. & J 114 115 do 4t4s, quar, gen 107 108 Ocean Steamship ss, 1920 104 107 Savannah city os,' quar., April, 1913 10* 10914 do SS, quar., May, 1909 10* 109 South Carolina state, 4'As, 1933...115 118 Bibley Mfg. Cos. 6s, 1903 101 108 South Bound Gs 105 106 8.. F. & W. gen. mt’ge 6s. 1934..127 ... do do Ist ss, gold, 1934 116 ... do St. John Div. Ist 4s. 1934... 96 97 THE WON'EY MARKET. New York. March 16.—Money on call steady at 2<&2‘A per cent. Prime mercan tile paper, 3>4fc4',* per cent. Sterling ex change firm, with notual business Ifl bank ers’ bills, at $4.87'4 for demand, and at $4.81t4@4.84% for sixty days; posted rates, $4.8564.85(4 and 84 88(4; commercial bills, |4.83(4(&.4.84. Silver certificates, 61(g@63c; bar silver, 60?4c; Mexican dollars. 49c. Gov ernment bonds steady; state bonds inac tive; railroad bonds strong. STOCKS AND BONDS. The Closing Easy Willi I'rolt(-Tak ing Apparent Throughout. New York, March 15.—There was in creased activity In the stock market to day and a disposition was manifested to come back to operations in the usually prominent stocks. The market, how ever, still continued very spotty and a number of usually dormant atock* were again made conspicuous in the dealings. It was evident that the jiowerful pro fessional operators Were making a sys tematic progreas through the list taking profits on a very heavy scale in stocks which have recently shown considerable advances while bidding up prices at new points. Yesterday's speculative move ment was continued in some of the stocks which started upwards then, while ag gressive new points of strength were de veloped. Among the latter Burlington was the most conspicuous, all things considered, and had the most influence In encouraging buying of other stocks. It was lifted 3(4 iralnts over last night at one time, In spite of the dragging ten dency of other members of the Granger group, which were under pressure all day. The Anthracite Coalers also suffered from profit-taking on yesterday's late advance. There was a midday spurt In the group led by the Fries, but Jhey fell back again on renewed selling. The Southwestern stocks showed a notable check to their recent strong upward tendency and sold steadily all day. Tlie St. Louis and San Francisco stocks were all reactionary, losing from 1(g to 2(4 Among new points of strength developed to-day Illinois Central was conspicuous, rising 3*4. Chicago and Eastern Illinois rose 4 on smaller transaction-. There were heavy dealings In Amer ican and Continental Tobacco preferred ut advances of 3 ami 2(4, respectively. Tennessee Coal rose 2% and Pressed Steel Car preferred 2%. Chicago Terminal pre ferred rose SV4. The market closed with the price movement very much confused, some few stocks selling at tht top, but the majority of the list under the pres sure of profit-taking. The money market continued undisturb ed In In spite of the prospect of * weak bank statement. Indications sre of a decline in the cash reserve* of neurly $3,. 000,0(10, the aubtreasury alone having ab sorbed $2,716,000 during the week. The payments on account of pension* are ap proaching the maximum for the month, and the requirements of the subtrrasury {lfa Southern ◄yjy Railway Trains arrive and depart Savannah on 90(h meridian tuue—one hour slower than city time. Schedule in effect Dec. 9, 1960. T6~THB EABT. ~ i No. 32 _ j NoT 34"; No~l6 | Dally ) Dally Daily |ex.Sun| Lv Sav'h |C. TANARUS.) ..) 4 30pm)12 55pm)12 30am Ar Blacky'e (E.T.).j 8 13pm, 4 39pni| 4 28am 9 45pm 6 15pm 6 10am Ar Charlotte |l2 33am| 9 20pmj 9 45am Ar Greensboro ....j 2 4satn,U 44pm,12 23pm Ar, Norfolk .|7.T~~| 8 30um| Ar Danvlijc | 2 51am,13 51am 1 38pm Ar Richmond j | 6 60am) 8 25pm Ar Lynchburg —I 5 40am, 2 team, 343 pm Ar Charlottesville i 7 25am; 4 35anij 5 35pm Ar Washington —)10 15am| 7 25ain) 8 50pm Ar Baltimore jll 25am| 9 Kam il 35pm At Philadelphia ~| 1 38pm II 55atn 2 Mam Ar New York 4 13pmj 2 03pm! 6 13um Ar Boston [ | k aopmj 300 pm TO THE NORTH AND WEBXT Lv Savannah (CentT TANARUS.) 12 30a'm Ar Columbia (East TANARUS.) 8 20am Lv Spartanburg 11 30am Lv Asheville 2 40pm Ar Hot Springs 4 02pm Ar Knoxville 7 20pm Ar Lexington 5 ouam Ar Cincinnati 7 45am Ar St. Louis 6 00pm Ar Louisville 7 50am Train* urrive Savannah as follows: No. 35 dally from New York and Wash ington, 6:00 a. m. No. 32 daily except Monday, from New York and Washlnglon 10:20 a. m. No. 33 daily from New York and Wash ington. 3:05 p. m . THROUGH CAR SERVICE, ETC. Trains Nos. 31 and 82, “New York and Florida Limited." Solid train composed exclusively of Compartment, Observation and Drawing-room Sleeping Cars between New York and Savannah. Dining cars serve all meals en route. Train* 33 and 31 daily NEW YORK AND FLORIDA EXPRESS, Vesllbuled limited trains with Pulimun drawing room sleeping cars between Savannah and New York. Connects at Washington with Colonial Express for Boston. Pullman sleeping cars between Charlotte and Rich mond and Charlotte and Norfolk. Dining cars serve all meals between Savannah and Washington. Trains 35 and 36 daily. THE UNITED STATES FAST MAIL Y’estibuled limited trains, carrying Pullman drawing room sleeping cars between Savannah and New Y T ork. Dining cars serve all meals be tween Savanah and Washington. Also Pullman drawing room sleeping cars be tween Savannah and Cincinnati, through Asheville, and "The Land of the Sky.” For information as to rates, schedules, etc., apply to F. S. GANNON. 3d V. P. and G. M. S. H. HARDWICK, G. P. A.. Washing ton, D. C W. H. TAYLOE. A. G. P. A , Atlanta R C. BLATTNER. Deporl Ticket Agent. Plant System station. Savanah. Ga. JAS. FREEMAN. C. P. & T. A.. Sa vannah, Ga. 141 Bull street. Phone 350. are, therefore, expected to grow lighter next week. To-day’s heavy dividend dis bursements are also expected to show their effect in next week’s money mar ket. The time for deposit of tho steel stocks under the terms of the merger ex pires next Wedneaday, and when the plan becomes operative the organization syn dicate will have to supply $25,000,000 In cash. Business in railroad bonds continued very large, the issues of Southwestern railroads continuing the favorites. Total sales, par value. $8,685,000. United States bonds were unchanged on the last call. Total sales stocks, 1,198,700 shares, in cluding Atchison 21,000; do preferred, 16,- 300; Baltimore and Ohio, 10,200; Chesa peake and Ohio, 27,800; Chicago Great Western, 8,900; Chicago, Burlington and Quincy, 107,400; Chicago, In dianapolis and Louisville, 18,800; Rock Island, 18,500; Colorado Southern, 23,100; Delaware and Hudson, 6,100; Erie, 92,500; do first preferred, 31,200; Great Northern preferred. 9,400; Hocking Coal, 15,600; Illi nois Central. 0,400; Louisville and Nash ville, 8,500; Manhattan, 22,700; Metropol itan Street Railway, 6.400; Mexican Cen tral, 27,450; Mlsourl Pacific, 7,600; Missouri, Kansas and Texas, 6,300: do preferred, 16,800; New York Central. 5,100; Norfolk and Western, 11,000; Northern Pacific, 42,100; Ontario and Western, 13,000; Penn sylvania, 10.400; Reading 18,900; do first prefererd, 30,400; Reading second preferred 25,100; St. Louis and San Franclso, 6,200; Bt. Louis Southwestern, 6.600; St. Paul, 22,100; Southern Pacific, 10,100; Southern Railway, 18,000; do preferred, 6,800; Texas and Pacific, 10,600; Union Pacific, 32.300; Wabash, 11,3(1); do preferred, 21.*100; Amal gamated Copper, 9.600; Baltimore and Ohio preferred, 5,500; American Steel and Wire, 6,100; American Tobacco. 8,300; Brooklyn, 42.100; Continental Tobacco, 13.100; Federal Steel, 6,600; People’s Gas, 14,100; Sugar, 69,500; Tennessee Coal and Iron, 9,800. New York Stock List. Atchison 58(41 *l° *l° 2nd pref. 22 do pref 92(41 Wls - Central ... 30(4 B. & O 92(4[ Third Ave 121 Can. Paclllc ... 90(4 * C. pref.... 52 r ) Can. Nouth o(4| Hat. Tube 53 C. & O 48(4|' d <> do pref ....10114 Chi. Gt. West. 23(4 An >l. Copper.. .101*4 C., It. A Q 154'4i Adams Ex )65 Chi., Ind. A I*.. 37(4| Am. Express ..194 do do pref .... Express... 3(4 Chi. &E. 111.. .114441 W '- K ' Bx 1 Chi. & Nw 17.1(41 Am ' Cot - 0i1...,, 27 ! 4 C„ R. I. A P... 125 | do do pref .... g-, C. C. C. A St. L. 77(i| A,n Malting ... 6 Col. South 11(4| do do I>r *' f •••• 27 do do Ist pref. 46(41 Arn ' * R 55 do do 2nd pref. 21(41 do do l> r *f •••• 94>4 Del. & Hudson.l6(4| Am - plrits ... 31^ ■D., L. A W.... 196 ( do do pref .... 17 Den. 44 R. G...40(4| Am ' 8 - H00p... 36.14 do do pref .... 80v4| ,Jo do pref .... Erie 29(4! Arn - 8 - * Wire. 55(4 do Ist pref .. l%\ do do pref .... 9744 Gt. North, pf .206(41 Am ' Tl b Plate., ga Hock. Coal .... :7(4| do do l,ret ••••101'A Hock. Valley .. 56 | Arr >. Tobacco ..12514 111. Central ...,135(4| do do pref ....147 la. Central .W/d An# - M lb- C 0.... 45 do do pref .... 59(4 R ro °k. R. T go r 4 L. E. A W 45 j Col. F. A Iron. 43(4 do do pref 116 | Con. Tobacco .. 46(4 IShore 210(41 do do prof ...,107'Y U A N 95(4| Pe<s ' Kte * l W* Man. L.. ex-div.121(41 do do pref .... Met. St. 8y... .1(91*4! R*' o- Electric ...211 Mex. Central .. 21 (ij ducose Sugar .. 4fl Minn, A St. L.. 81(4' , and do pref .... 34 do do pref ....112 ‘"j n '' Paper .. 23(4 Mo. Pacific ...,92% dt> do pref., M. A O 81 , e *-dl v 73(4 M.K. & T 22(4| Eacieda (las ... <m% do do pref .... 57(4! r,l " cult X 4 N. J. Central...lss | d ° do > r * f ••• 94Vz N. Y. Central - .144(4! ”**' 1 1 - a<l 15 N. A Western. 53(,( d ® do Pf*f .... 85(4 do do pref 6 (”"'• 46*4 N. Pacific 84'4|. a nd“ do P ret ....102 do do pref .... 87%(f; T *• Alr R 164 Out. A W 32.4| P , o r 'n American Ore. Ry. A S.. 76 I < n f w Mock),.,. 76 Pennsylvania . .ifil(4l *^ ,,c dc 67 Heading 53%| do do Ist pref. 90 do Ist pref ... 73(4 do do 2nd pref. 64 do 2nd pref .. 4l(4|Pcff><' Mali .... 34 R. (J. Western.. 15 j People's Gas ...10474 do do pref . P Btael Car 37% St. L. A H. F.. 43 I do do prel .... 76% do do Ist prof. U'-V Pull- Pl. Car. .205 do do 2nd pref. 68%'8- Rot A T... 4(4 , Ht. L„ Sw 2r%( Sugar 139% I do do pref 63', do pref 120(4 St. Paul 14>%(Tenn. C. A 1... W i do do pref ....I*7 I U. H. leather . 12(4 St, P A 0 126 | do do pref, S. Pacific 45 I ex-div 74 H Railway ... 247*1 I.'. S Rubber.,,. 117, do do pref .... 79%' do do pr< f ... 68(4 T A Pacific ... *6% West. Union. ... 88% U Pacific 91% It I A Steal ... U % •lo do pref ~,.85 I do da pref, Wabash 19 { es-dlv ........ 64% Plant System of Railways. Trains operated by 90th meridian time one hour slower than city time. Departure* from Savannah. SoUTIt _ ANI3 WEST.' " No. 23* New York uini Florida Express .. 3.23 . m. No. 63* Fast Mail 3.K*. m. No. 35* Florida and West India Limited , 7.45 a. m* No. 31t New York and Florida Limited 10.25 a. m. No. 371 New York and Florida - * Special 1* 55*. m. No 33* New York and Florida Fast Map 3.11 rf. m. No. 2a Local 5.00 p. tn. N6RTH a’ND" EAST. No. 78* New- York and Florida^ Express t. 09 a. m. No,, 6* Local 5.20 a. m. No 32* Florida and West India Limited 1.05 p. m* No. 38tt New Y’ork and Florida Special 5,15 p, m „ *P® n Y’ tDally except Monday*. r. Daily except Sundav. connection at Jacksonville with Florid* its V! ■ lt Miami and Port Tampa ,‘‘ n Benlnsuiar and Occidental Bteam s. for Key West and Havana, connections at Wayoros* for Thoma** vine and all points mt. t onnections ut Jesup for Brunswick. Connections at Charleston with Atlantia ' ™ ,!,t Line for ail points East. t unman Sleeping Cars and Dining Cara on limited trains, lor detailed information call at 1 leket Office Do Soto Hotel. Savannah. WARD CLARK. City Ticket Agent. J. H. POLHEMUB, T. P. A. n W. WRKNN, Pas*. Traffic Manage*. GEORGIA y Schedule Effective Feb. 3, 1901. Train* arrive at and depart from Cen tral Station, West Broad, foot of Liberty etreet. 90th Meridian Time—One hour slower __ than city time. Leave Arrive Savannah; Savannah: (Augusta, Macon, Allanta,l " •8 45am| Covington, Mllledgeville, |*6 10pm (Amerieus, Albany and ln-| |Augusta, Macon, Atlanta,| |At hens. Montgomery, Co-| •9 00pm|iumhus, Birmingham. Am-[*7 00am |erlcus, Albany, Eutaulaj jand Troy. §6 00pm| Dover and Statesboro |TT(ljam accommodation. J 2 OOpm| Guyton Dinner Train. ~ |S4 60pm 510 00pm| Guyton accommodation ||6 00am BETWEEN SAVANNAH AND TYREES. 75th meridian or Savannah city timo. LEAVE SAVANNAH. Dally 9:30 a. m , 3:80 p. m. LEAVE TYBEE. Dally 10:25 a. m.. 6:00 p. m. • Dally. 5 Except Sunday. ~ Connections made at terminal point* with all trains Northwest, West and Southwest. Sleeping cars on night trains between Savannah and Augusta, Macon, Atlanta and Birmingham. Parlor cars on day train* between Sa vannah, Macon and Atlanta. For complete Information, schedules, rates and connections, apply to W. G. BREWER, City Ticket and Pas senger Agent, 107 Bull street, or W. R McINTTRE, Depot Ticket Agent, J. C. HAILE, General Passenger Agent, E. H. HINTON. Traffic Manager, THEO. D. KLINE. General Superin* tendent. Savannah, Ga. A| |imiD Trains Double Daily Service The short line to Norfolk, Washington, Baltimore, Philadelphia, New York and the Bast. Effective Feb. 24, 1901. "" ' ARRIVALS OF TRAINS ’ FROM No. 27 North and Enet 2 X am No. 32 Columbia and Way Sta tions 10 00 am No. 30 Jacksonville and Way Sta tions 10 30 am No. 81 North and East 12 10 pm No. 44 Jacksonville and Florida... 1 4# pm No. 72 Montgomery und West .... 8 lie pm No. 74 Helena and Local Points... 8 45 am No. 86 Jacksonville and Florida. .11 60 pin DEPARTURES OF TRAINS ■ FOR No. 27 Jacksonville nnd Florida... 2 30am No. 81 Jacksonville end Florida..l2 16 pm No. 44 New York and Eat 1 60 pm No. 34 Columbia and Augusta .... 4 16 pro No. 36 Jacksonville and Way Sta- . tlons t 46 pm No. 71 Montiromery and Wes.... 7 36 am No. 73 Helena and Local Stations. 6 90 pm No. <6 New York and East U 69 pm Magnificent Pullman buffet sleeplifg ear service to Washington. Baltimore, Philadelphia and New York; also to Jacksonville end Tampa. Dining cars from Jacksonville to Ham let and Richmond to New York. Buffet parlor cars Savannah to Mont gomery. For additional Information apply to Ticket Office. Bull and Bryan streets. Phone 28. , do pref 34%1P. C. C. & St. L 00 .Wheel. A U E.. 13(41 Bonds. U.S. 2* ref. rcg.lifc'.i. Nor. Pa. 3s ... 71(i| do cou 106 t do is 106%| do 3s. reg. ..11l |N. Y., Chi. A I do 3s cou. ..11l | Bt.Uk ..160(4! do new, 4s,reg. 138 N. A W. c0n.4*.100%| do new 45,c0n.138 | Ore. Nav. Ist* ..110 do old 4s reg 1113 j do 4* 104 do cou 114 |Ore. S. L. 65.... 127% do 6s, reg. ...IllVii| do con. 5s ....116(4 do ss, cou 111%' Head. Gen. 4s .. 94% I). Of C. 3 65s .123 j B G. W. lsts .100% Ate. gen. *s ....104(4: St. L. A Iron M. do adj. 4s ... OH4I eon. 5s 117(4 Can. So. 2nds.loß%tfit. L. A San. F. •C. A O. 4%s ...108%) gen l3l - do 5s 121%f St. Paul coo. ~.1*4(4 C.* Nw con.7s. 140% St. Paul C. A C. A Nw. S. F. I Bac. lata ~...,11* deh 5s 118(4 do 6s 121 •C. Tar. 4a 9k I So. Pa. 4s 9274 Col. 80. 4s 8644! 80. Ry 5s 117 D A R. G. 4s ..102% 8. R. A T. 65.. 60% Erie Oen. 4 .. 87 |T. A Pu. lsts . .Ug% Fort Worth A I do 2nds 86 Den. City Ist. 06(41 Union Pa 4s ...M*(4 Gen. Elec. 6* .176 [.Wabash Ist* ...119% lowa Owi. lsts. 116 !' <lo 2nd* 100 L. A N. uni. is.lol f W Shore 4s ...115% Mo., Kansas A ) Wl*. Cm. lsts . 10% Texas 2nd* ...00 I Vlr. Con 06 do is 06%' M. * O. 4# ... 96%' N Y. Ceti. 15t5.107%1 C. Of t*. coa. sa. 106%! N J. I'en.gen- I do Ist Inc .. T1(0 eral 5s 114 do 2nd ino. .. MU) New York, Msri'b 15 -Standard OH m* 797 New York, March tt.—Consolldstad Oa* closed 211. \ • ? continued on Eighth P*g% 9