Newspaper Page Text
REVIEW QFMARKETS
J air ACTIVITY IN TR.VDINS IN
.NAVAL STORKS.
rosins at the advance.
COTTON EASY WITH BI SINESS ON A
LIGHT SCALE.
Owing to the llain* That Fell Over
llie Cotton Country Future* Closed
Quiet 7 to 11 Point* Lower—New
i ork Stoeke Higher—Local and
Telegraphic -Markets.
The Homing News Office,
Friday, May 17.
There was continued activity In the
naval stores markets to-day with trans
itions of round lots reported in both
spirits turpentine and rosins. The demand
•nliich sprung up during the week does
not seem to be satisfied Judging from the
spirited buying which keeps up at steadi
ly advancing prices. While the changes
in rosins were narrow compared with the
range during most of the week, the trad
ing was In thorough keeping with what
it has been pretty much all week. Tur
pentine closed firm .at 31\c, the ruling
price for the day.
The spot cotton maitket closed easy
to-day, with little business of Importance
doing. The cotton futures market at New
Voik closed quiet at a decine of 7 to 11
points, due to the pretty general rains
which fell over the cotton, country. It is
difficult for the trade to form accurate
ideas about the condition of the new crop,
owing to the widely differing reports from
the same sections as to conditions. New
Vork stocks doted higher. Local whole
sale markets closed steady and unchang
ed The following resume of the markets
will show their tone and condition during
the week:
COTTON.
The cotton market remained easy and
featureless throughout the week, with
iittle buwnese d'oitig and practically no
developments of a news nature to -etimu
late activity. Price changes were nar
row in both the spot and speculative mar
kets. Sales at Savannah for the week
were 985 uplands, and 3,901 sea Islands,
and so far this season. 89,167 uplands, and
67.71S sea islands. Offerings from the in
terior were light. It is a noticeable fea
ture of the new crop reports that wide
differences exist in reports from the same
quarter, making it difficult for the trade
to form accurate conclusions as to real
conditions. It will probably be several
weeks before reports of the new crop that
can be accurately reconciled will be re
ceived. ‘
The following were the official spot quo.
tations at the close of the market at the
Cotton Exchange to-day:
| This | Last
j day. | year
Good middling jg [9 7-16
Middling (7% |9Vi
liOw middling .. .. |6% '|9
Good ordinary |6 |S%
Market easier: sales, 260.
Receipt* Past Week.
| Up-1 Sea
|land.|Xsl'd
..Receipts past week . ...J 7,089] 958
Seme week last year | 1,074| 19
Particulars of Receipts— |_ |
Central Railroad | 3,564| 11
S , F. and W | 1,598 j 702
Charleston and Savannah j 25| 4
Southern steamers .*[ 549|w...
River steamers j 4|
Seaboard Air Line i,.j L349| 346
Exports— j j
Exixirts lust week >..| 1,363| 4,671
Same week last year j 7,001 j ,127
Movements— | |
Baltimore j 17o|
New York ...‘ j 982 j 1,904
Burnt ,„..j oj
Manchester . | 20lj 2,767
Stock on hand and ships |39,172j 8,860
Same time last year 125,781 5,660
Savannah Rweipts. Exports and Stock-.
Received this day 922
Received same day last year 6
Same day year before last 1,144
Receipts past week ' 8,051
Same week last year 1,113
Same week year before last 7.529
Receive* since Sept. 1, 1900 1,0(7,143
Received same time last year ..14)61,549
Exports Past Week—
Exports this day, coastwise None
Burnt 5
Exports past week, coastwise .... 3,061
Exports, past week, continent None
Exports past week, France None
Exports past week. Great Britain 2,968
Total exports last week 6,034
Exports Since Sept. 1, 1900—
To Great Britain 174,148
To Franc's 23,899
To (he continent 514,722
Total foreign 552,709
Total coastwise < ' 435,494
Total exports 988,263
Exports Same Time Last Year—
l'o Great Britain 181,474
To France 39,328
To the continent 493,986
Total foreign 714,788
Total coastwise 333,801
Tolu I exports 1,018,592
Hto. k on hand this day 48,032
Stock on hand same day last year 32,456
Receipts and Stocks at All Ports—
Receipt , s this day 8,686
7hic day lasi, year 6,461
I hi- day year before last 17,004
Receipt* past week 56,742
home day last year ...• 41.654
'ear before last 59.894
Total receipts since Sept. 1, 1900. .6,933.652
barm time last year 6.269,52*
same lime year before last 8,044,532
• 1 ek a’ all ports *o-day 498,383
block -ame day last year 326.830
•’oily Movement* at Other Ports—
Galveston-Firm; middling, 7 11-16; net
■*** P. Bis#; gross, 1,836; sales, 167; stock,
W wi].
New Orleans-Quiet; middling, 7%; net
li878: *ross, sales, 830; stock,
'<4.566.
Mobil, Quiet; middling, 7 9-i ; net re
ci . * ross ' 895; M; <**, 9.739.
arlcMon—Quiet; middling, 714; net re
f'l G 107 groan, 107; stock, 6.352.
.. Firm; middling, 764; net re
’*! u ; 6; srosa, g; atock, 7,417.
, ' Jl 'foik—Dull; middling. 7%; net re
-492; g,- ogß , 490. S a|es, 192; stock, 17,-
Baittmore— Nominal; middling, 8; net re
krosa. 1,319; stock, 5.540.
nw York-Quiet; middling, 8 1-16; net
' ipts. 866, gross. 2,268; atock. 126,230.
noston—Quiet; middling, 8 1-16; net re
-12; gross. 312.
"l.idelpbla—Quiet; middling. 8 6-16; net
',’iibK, 91; gross, 94; stock, 3.558.
’ " y Movements at Interior Towns—
"'kusta—Quiet; middling, 8; net re
-353; gross. 353; Bales, 329; atock, 23.-,
, J''' rn nhia—Bteady; middling. 7 9-16; net re
-366; gloss, 70S; sales, 1.000; stock.
S ' <-*°Uls—Dull; middling. 7 11-16; pet
'Pis. none; gross, 1.067; sale*, 360;
Mc ; r k, 74,044
( mrlnnatl— Easier: middling. 7*: net re
,f u grosa, 268; atock, 7.6ia
: l '‘ , 'i , ton—Steady; middling. 7 11-16; net
pt*. 2,024; gross, 2,024; sales, 226;
,lo > k, 60,867.
„ l m. Ut,V . Hl *~ F '* rm ; middling. 7%: net re
.w‘pta. 1*1; gross, pa, sales, 156; stock.
Exports of Cotton This Day—
New Orleans-To Great Britain. 5.70 C;
1 •* L *'wUe I 1,669.
MURPHY & CO., INC.,
Board of Trade Building, Savannah.
Private leased wire* direct to New
Turk, Chicago and New Orleans.
COTTON, STOCKS AND GRAIN.
New York Office, No. 61 Broadway.
Offices In principal cities throughout
the South. Write for our Market Manual
and book containing Instruction for
traders.
Mobile —Coastwise, 936.
Wilmington—Coastwise, 27.
Norfolk—Coastwise, 771.
Baltimore—To Great Britain, 1,251;. to
the continent, 782.
New York—To Great Britain, 2,521; to
France, 106; to the continent. 2,381.
Total foreign exports from all ports this
day: To Great Britain, 9,482; to France,
106; to the continent, 3,163.
Total foreign exports from all ports
thus far this week: To Great 'Britain, 45,
6-17; to France, 8,257; to the continent, 46,-
001.
Total foreign exports since Sept. 1, 1900:
To Great Britain, 2,762,691; to France, 680,-
659; to the continent, 2,252,756.
SEA ISLAND COTTON.
Prices about as follows:
Kxtra choice Hast Floridas 20
Extra choice Floridas IS 019
Fancy Georgias 17
Extra choice Georgias 16Va
Choice Floridas and Georgias 16
Extra tine Floridas and Georgias...ls
Fine Floridas and Georgias 14
Stained and storm ;...12 •
Receipts and Stocks— 1900-01. 1899-00.
Receipts past week 106 17
Exports past week 4,6 m 137
Receipts this season 69,884 72,195
Sales jast week 2,901
Stock on hand ..... 8,962 5.577
Oharlesion, May 17.—Sea island cotton
quotations unchanged.
Receipts 6 bags; exports 211; sales 240;
stock, 823.
COTTON FUTURES.
The Market Closes Quiet 7 to It
Points Loner.
New York, Nfay 17.—The pronounced de
cline in Liverpool was a disappointment
to cotton bulls to-day. Shorts last night
had rushed to cover in anticipation of
July manipulation to-day, but Liverpool
refused to respond and'turned weak after
our openihg. On this news the start here
was steady with prices down 3@6 points,
soon increased to a matter of 9 to 11
points under liquidation, bear pressure
and foreign selling, all of which was bas
ed upon wet weather reports from the
Southwest. Moreover crop advices took a
more cheerful turn and though late, the
prospects for the new cron were said to
be very favorable. Receipts were hardly
up to expectations, but this factor had
been pretty thoroughly discounted. De
mand for spot cotton ill Southern markets
was hanging fire, and Northern mills
were once more faced with the necessity
tor continued curtailment of production.
Toward midday efforts were made to hold
the market steady and in the early after
noon considerable energy was brought to
bear in the hope of closing the market
firm. Smaller shorts were disconcerted' by
this show of confidence and some more
turned for safer ground. July led the up
lift, but at most speculation was of a
professional character and for the most
part in the way of evening up for the
week. The market closed quiet with prices
net 7 to 11 points lower.
FLUCTUATIONS IN t'lTI RKS,
New York, May 17,—Cotton futures
opened steady at the decline, and closed
quiet. Prices as follows:
Open. High. Low. Clos.
January 7.03 7.06 7.02 7.03
May 7.50 b 7.50 7.46 7.49
June 7.57 b 7.55 > 7.54 7.55
July 7.63 7.63 756 7.U9
August 7.30 7.31 T. 25 7.27
September „ 7.13 7.16 7.10 7.12
October .....7.09 ' 7.10 1M (.04
November 7.00 b 7.05 7.00 7.01
December .. ....7.08 7.<H 7.00 7.01
LIVERPOOL COTTON MARKET.
Liverpool, May 17.—Spot cotton, limited
demand; prices unchanged; American
middling, 1 11-32(1. The sales of the day
were 5,000 bales, of which 300 were for
speculation and export, and included 4,800
American. Receipts 3.4100 bales, no Ameri
can.
Futures opened and closed quiet; Ameri
can middling, low middling clause: May,
4.12 U, buyers; May-June, 4,12d, buyers;
June-July, 4.12®4.13d, sellers; July-Au
gust, 4.13d, sellers; August-Septeniber,
4.09d, sellers; September, 4.09d. sellers; Oc
tober. g. 0. c., 3.60>fi3.61d, value; October-
November, 3.58fi3.59d, buyers; November-
December, 3.57&3.58d, sellers.
NEW ORLEANS COTTON MARKET.
New Orleans, May 17.—Cotton futures
quiet and steady.
May 7 56@T.51]September ..6.9566.97
June 7.41®7.43;0c10ber .. . 6.85(89.88
July 7.B7@T.SsiNovember .6.81ifi6.2
August .. .7.l߮r7.l9!Deeember ...6.51(86 82
H. A 11. lleer’a Cotton Letter
New Orleans. May 17.—Liverpool advices
were disappointing, therefore our mar
ket opened 6®>7 points lower and declined
3 points additional in consequence of good
rains having fallen generally throughout
Texas. The weekly amount tnio sight,
as well as the visible, were bearfsh, hut
notwithstanding these features, shorts
covered freely In antiaipution of a bull
ish Chronicle report', occasioning on ad
vance of 6 points from the bottom. As
soon as this demand was supplied value*
again eased off, closing at u net loss of
7(88 points on the day. The weekly
amount brought into sight Is a record
breaker, aggregating 77,010 bales, against
55,000 last year, showing an Increase In
the amount marketed to date of 828,000
over last year. The intertoj; receipts for
the week were 44.000 bales, against 14,000
last year, nil Increase of 214 per cent.,
and the loss in stock was only 11,000 bales,
against 17,000 last year, demonstrating
that although the movement from pri
mary points is exceedingly heavy, stocks
are increuslhg relatively owing to the re
stricted export demand, whieh cause* the
accumulation in the Interior.
The visible auiiply during the week de
creased 98,000 bales, against a loss of 122,-
(KW last year, gaining 24.0U0 relatively, in
creasing the excess in the visible to date
874,000 over last year. Statistically, the
situation grows weaker dally, and as crop
accounts continue more favorable, the
probabilities ure prices will seek a lower
level, unless manipulation of the summer
months |n New York become* a leading
feature.
Morphy A Co.’s Cotton Letter.
New York, May 17—In the cotton mar
ket thi* morning everything centered on
rain report*, and especially those from
the Southwest, to which they were main
ly confined. Abilene had 2‘4 Inches, and
there was more or lee* rain at Parts, Be
gulne Cuero, Wiemer, Tex.; also at
Memphis, Little Rock, Fort Smith, and
Oklahoma This had a depressing effect
on the market, and broke prices 5 to 10
l>olnts. New Orleans was quite active In
trying to create bear sentiment, claim
ing that the drought was all over, and
that splendid result* would follow even
before the. full extent of the rain was re
ported. It was quite natural that price*
financial.
JOHN W. DICKEY,
Stock aad Hoad Broker.
AUGUSTA, OA.
Writ* for List.
THE MORNING NEWS: SATURDAY, MAY 18, 1901.
SniliSlntt.
Capital $350,000.
JOSEPH D. WEED, President.
JOHN C. ROWLAND, Vice President.
WM. F. McCAULEY, Cashier.
S. L. OLAY, Assistant Cashier.
A gener ( 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 promptly
accounted for.
Safety deposit boxes and storage vaults
for rent.
Correspondence Invited.
should have eased off on this news, and
it was surprising that the loss was not
more serious. Despite the rain, cotton is
cheap, many believe ridldulouly so, and
what is of equally great importance, it
has not been put in the ground, and
there is no telling to what extent it will
come up. Mills are to a great extent play
ing a bluff, carrying very light supply,
and the world must have cotton later on
regardless of the extent of the crop. In
fact, the conservative element In the
trade are leaning to the bull side, be
lieving that the dull spell has been un
duly extended, and look for a bull cam
paign In the course of time. Liverpool
also made a better showing than was
feared on good rain advices, the effect
there being a decline of only one point.
Estimated receipts were 7,0)0, against, 6,-
000 .tyst year. More or less talk of possi
ble manipulation in July is heard. A repe
tition of January squeeze, is feared. In
dications were for more Tain in East
Texas.
Hubbard Bros. t- Co.’s Cotton Letter.
New York. May 17.—European advices
did not show the response expected to
our improvement of yesterday, being af
fected j>y tfie, reports of rejn in Texas,
especially where needed in the central
portion of the state. Advices from Hous
ton report the drought as broken through
out the state- These advices brought
about an early decline of some ten points,
’trom tyhich there was a slow rally in the
afternoon. Southern spot markets are
easier, but the local trade are not dis
posed to be short of the market at pres
'ent. notwithstanding the better weather
outlook and the large movement. They
Would like to see outstock increase ut a
more rapid rate.
WEEKLY COTTON UKPOHTS.
Comparative Cotton Statement—
. New York, May 17.
For the week ending May 17:
Net receipts at all. United States
ports during week .... 56,742
Uet receipts at all United States
ports during same week lust
year .... 41,654
Total receipts to this date 6,933,652
Total receipts to same date last
year ~,,, 6,269,528
Exports for the week 98,905
Exports for same week last year.. 63,497
Total exports to this date 5,696,006
Total exports to same dote last
year ,j. 5,284,484
Stock at all United States ports... 496,383
Stock at all United States porta
same time last year 326,830
Stock at all interior towns 426,086
Stock at all interior towns same
time last year ~.... 175,189
Stock at Liverpool 735,000
Stock at Liverpool game time last
year 625,000
Stock of American afloat for Great
Britain - 150,000
(Stock of American afloat for Great
Britain same time last year 40,000
. Comparative statement of net receipts
at all the ports during the week ending
Friday evening, May 17. 1901, and during
_ th* same week last year;
' 1900-01.11599-00.
Galveston | 18,510| 9,356
New Orleans | 16,557| 14,203
Mobile ...| 993 433
Savannah | 8,047| 1,113
Charleston ...| 886| 159
Wilmington | 53| 1,160
Norfolk ..... | 3,803| 1,435
Baltimore | 819| 1,972
New York .... ....| 4.542| 83*
Boston | 442! 997
Philadelphia ,| 385; 135
Pensacola ; ~| | 739
Brunswick \ 1,448 j
Newport News j 762 352
Port Arthur | j 8,857
" Tot a fTT.T 7.7.77 | 56,742|~41754
Comparative statement of net receipts
at all the ports from Sept. 1, 1900, to Fri
day evening, May 17, 1901, and from Sept.
1, 1899, to Friday, May 18, 1900.
""Receipts since Sept 7 U t 190001, 1899-00.
Galveston .. 7.7. 957,92011,693,679
New Orlenaa 2,270.805 1.774.1^
Mobile j 128,6761 199.429
Savannah .... .|1,024.490|1,068,572
Charleston ] 217,490; 255,259
Wilmington 256,268| 276,323
Norfolk j 379,5831 377,039
Baltimore 61,381; 90,537
New York 7.] 162.6131 100,595
Bqston | 189,529] 107,842
Philadelphia | 23,170 [ 46.180
Pensacola | 132,812 j 122,197
Brunswick 88,7311 92,405
Newport News ~.j 19,130| 15,059
Port Arthur | > 20,654; 68,029
"Total 16,933,252|6,277,246
~¥tock of cotton at all ports May 17, 1901,
apd on the same day of the tveek last
i'ear:
"Ports/ ‘ : | 1900-01.| 1899-00.
New Orleans 7•■•••• t 174,566; 143.603
Mcfblle ...j 9.739 ] 6,587
Galveston ~..| 86,961] 22,821
Savannah '......'..'....1 48.032 ; 31.341
Charleston ...j 6.322 ! 6.423
Wilmington ,j 7,417] 9,856
Norfolk | 17.847| 14,172
New York .....I 1J5,230 | 80,500
Other ports | 26.269' 11,527
~TotarTTT ~~| '496,383 ; 326,830
COTT ON INTO SIGHT.
Healer'* Flgurr* Show* 77,0,121 Rule*
for Week Just Closed.
New Orleans, May 17.—Secretary Hes
ter's weekly New Orleans Cotton Ex
change statement issued to-day shows
tfiat the amount brought Into sight dur
ing the past week has been 77,053 bates,
against 55,033 for the same seven days last
year.
The total movement for the 268 days of
the season from Sept. 1 to May 17, in
clusive, Is 9.546,191, against 1.711.647 last
year.
The movement since Sept. 1 shows re
ceipts at all United States ports 6,997,460.
against 6.433.627 last year; overland across
the Mississippi, Ohio and Potomac river*
to Northern mills and Canada, 1,004,101,
against 1,116.368; interior atocks in excess
of those held at the cloaa of Hie commer
cial year, 373,371. against 54,331; Southern
mill takings, 1.170,559, against 1,222,983.
Foreign exports for the week hove been
101.221. against 67.378 last year, making the
total thus fat for the season 5.770.623,
against 5.406.292 lasi year.
Northern mill takings and Canada dur
ing the past seven days show an Increase
of 5.596 as compared with the correspond
ing period last year.
Stock* at the seaboard and the 29 lead
ing tlouthern interior cantars have de
creased during the week *2,063 bales,
against a decrease during the correspond
ing period last season of 46.134.
Including stock* left over at ports and
interior towns from last crop and th* num
bar ol bales brought into sight thus Ur
for the ntw crop, the supply to det* la
ESTABLISHED 1673.
HENRY BEER. BERTRAND BEER.
EDGAR H. BRIGHT.
H. & bTbeer,
Cotton f 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 the execution
of contracts for future delivery In cotton.
9,668,735, against 9,337,545 for the same pe
riod last year.
WORLD’S VISIBLE SUPPLY.
Secretary Hester'* Weekly Cotton
Statement.
New Orleans, May 17.—Secretary Hes
ter's statement of the world's visible sup
ply of cotton shows the total visible to be
3.458,128, against 3,556,071 last week, and 2.-
583,906 last year. Of this the total of
American cbtton Is 2,374.128, against 2,492,-
071 last week, and 1,928,D09 last year; and
of all other kinds, Including Egypt, Bra
zil, India, etc., 1,084,000, against 1,064,000 and
655,000.
Of jhe world’s visible supply Ihere Is
now aflqat and held ip Great Britain and
in Europe 1,178,000. against 1,168,000 last
year; In Egypt, 177.000, against 132,000 last
year; in India, 581,000, against 225,090, and
in the United JStates, 944,000, against 519,-
000.
DRV GOODS.
New York, May 17.—The market con
tinues quiet here for all descriptions of
cofton goods and without quotable change
in price. Print cloths Inactive. Fall Riv
er manufacturers held’ a meeting to-day
without decisive' result. Prints easy;
ginghams steadyr Linens and burlaps in
active but firm.
NAVAL STORKS.
Friday, May 17.
SPIRITS —The turpentine market open
ed firm to-day at Sl%o, with sales of 882,
and closed firm and unchanged, with clos
ing sales of 1,155. Up to the present there
is apparently no material let-up in the
demand, whieh gives excellent support to
the market. The tendency throughout
the week has been for better prices. Re
ceipts to-day 382, and the exports 1,155.
ROSINS—With but few changes, the
rosih market closed about as yesterday.
Grades I and W. G. closed 5e higher.
Sales of 2,00* were reported at this level.
The demand continues good. All week
supplies have been snapped upon a stead
ily rising basis, each lot bringing a
l\igher price than t!>e one that preceded
It. To-day’s receipts were 3,813 and' the
exports 2,600. 1
Quotations—At the dose of the market
to-day the following quotations were bul
letined at the Board of Trade:
Spirits Turpentine—Firm, 31%c; sales,
I,
Rosin—Firm; sal \ 2,008. ,
Prices as fellows:
A, B, C *1 10 I 31 80
B 1 15 K 205
B 1 20 M 2 35
F 1 25 N 2 70
G 1 30 W G 3 00
H 1 56' tV W 3 20
Same day last year:
Spirits at 49c bid;
sales, 511 casks. 1
Rosin—Quiet; sales, none.
A. B, C 31 15' f . 31 50
I> ■.... 11$ K 1 60
K 1 20 M ,*. 1 75
F 1 23* N ...., 2 05
G 1 30 W. O. ...1 2 25
H 1 46 IV. W 2 45
rHi-
Rrceipts -Past Week.
_ 'r. >22- '—t t •.
Exports Past Week— (Spirits.! Rosin.
Receipts past week.,..,. | 9.897 ; 20.874
Same week last i year j 10.1471 18,037
Exports last week | 5.472, 11,335
Same week last year ....j 4.030] 11,082
Movements —
New York ...ip 6641 1.064
Philadelphia ] 204| 1.250
Baltimore ~.| 185i 7)170
Various ; j 858; 1,851
London ~..| 3,5611
Total exports | 5,472] J 1.333
Receipts nti.l Stock*.
Receipts shipments and stocks from
April 1. 1901, to date, and for the corre
sponding date last year;
1901-1902.
Spirits. Rosin.
Stock April 1, 1901 5.705 135.841
Received this week 9.897 20,874
Received previously 34,761 85.332
Total 5P.363 242,047
Exports—
Foreign 25,396 94,82.8
New York 8,243 8,145
Coastwise and interior.s,7oß 3J.474
Total ~......’..,,...39,342 188,417
Stock on hand this day 11,021 103,600
1900-1901.
Spirits. Rosin.
Stock on hand, April 1, 1899 2,197 142,500
Received this week 10,147 18.037
Received previously ...34,737 67,350
Total 47,081 227,893
Exports—
Foreign 10.469 98,400
New York 7,779 6,910
Coastwise and interior 9,847 21,085
Total ~..38,095 126,395
l
Block on hand 18,986 101,498
Charleston, May 17.—Turpentine firm,
3114 c.
Rosin firm, salts 100 barrels. U, C, M. 05;
D, $1.10; E, |1.15; F, SI.JO; Q. $1 25; H.
$1.40; I, $1.55; K. *1.90; il, $2.20; N, $2 60;
W G, $2.80; W \V, $2.55.
Wilmington, May 17.—Spirits turpentine
firm, 31 , 1.31 Vic; receipts 75, Rosin firm,
$1.0001.60; receipts 667. Crude turpentine
quiet, $1.1002.10; receipt* 61. Tur firm,
$1.25; recelps 225.
New Orjeans, May 17.—Receipts, roeln,
212; turpentine, 9CI. Exports none.
New York, May 17.—Petroleum weak.
Rosin quiet; strained, common 4o good,
11.5C01.52V4. Turpentine steady, 34V4035c.
FINANCIAL.
MONEY—Money plentiful
FOREIGN MARK E3TH—Market dull
and easy Commercial demand, $4.1714;
“MONARCH”
-AND
“RELIABLE”
Leather Belt.
DOUBLE AND SINGLE.
•BFBCIAL SEAMLESS STITCHED.’’
•’DOUBLE DIAMOND.’’
"CARBON."
RUBBER BELT.
A large atock of the abov* good* on
hands all the time.
GEORGIA SUPPLY CO.,
‘•Everythin! in Mill Suppliei,”
It* Bey It., YTeet. Both rhoee* I*9*
sixty days, 84-84; nlnedy days, 34.82 H;
francs, Paris apd Havre, sixty days,
3.1994; Swiss,-sixty days, 5.3H4; Belgian,
5.20 H; marks, sixty days. 948*; ninety
days, 94 7-16.
DOMESTIC EXCHANGE Steady;
banks are buying at 1-16 discount and
selling as follows: 325 and under. 10c pre
mium; 325 to 350. 15c premium; 350 to SIOO.
20c premium; 3100 to 3200, 25c premium;
3200 to 31,000, >4 premium; 1,000 and over
75c per M. >
SECURITIES—The market ts very quiet
and dull, excepting a hardening tendency
In Central Incomes.
Stocks,
Bid. Ask.
Augusta and Savannah R. R. ..115 116
Atlanta and West Point 159
do 6 per cent, certificates 108 110
Augusta Factory 79 81
Citizens' Bank 141 142
Chat. & Gulf R. R .stock 107 110
Chatham Bank 99 101
Chatham R. E. & I. Cos., A .... 55V4 5814
do do B 541* 553*
Eagle and Phoenix Mfg. Cos. ..100 101
Edison Electric Ilium. Cos 109
Enterprise Mfg. Cos. 100 103
Germania Bank 132 134
Georgia Railroad, common 233 234
Granttevllle Mfg. Cos 163 167
J. P. King Mfg. Cos 99 101
Langley Mfg.'Co ..ill 113
Merchants’ National Bank ......124 125
National Bank of Savannah ...158 160
Oglethorpe Savings & Trust Cos. .112 113
People’s Savings and Loan 100 162
Seaboard, common 25 26
do preferred 43 44
Southwestern Railroad Cos ......115 116
Suvannah Gas Light Cos 22 23
Southern Bank 162 164
Savannah Biihk 41 Trust 127 126
Sibley Mfg .Cos,. Augusta 80 81
Savannah Brewing ~ 100 105
Roit tie,
Bid. Ask.
Char., Col. & Aug. Ist 3s, 1909 110 113
Chat. & Gulf R. R. 5 per cent.
Ist mortgage ins 104
Atlanta 4s. 1923 ..,105 107
Augusta City 4s, 1927 104 106
do 434*. 1925 ill 112
do 7s.' 1903 105
do 6s. 1913 120 122
Ala. Mid. ss, lnd’d 1938, M. & N..107 108
Augusta Fact'y 6 per cent., 1915—109 111
Brunswick & Western 4s, 1928,... 87 88
C. R. R. & Banking collateral
6s. ex-coupon 10034 10134
C. of G. Ist mortg. ss, 1945, F.
& G 130 12134
C. .of G. can. ss. 1945. M. & N.
ex-coupon 103 104
,C. of G. Ist incomes, 1945 68 69
do 2<l incomes .... 2734 2834
do 3d incomes, 1945 15 16
C. of a. (M. G. & A. Div.), ss,
1947. J. & J 10234 W 534
C. of G. (Eatonton Branch) ss,
1926, J. & D „.10S 10334
City & Suburban R. R. Ist 75....109 110
Columbia City ss. 1909 lu6 107
Columbia Power Cos., ss, indorsed
by Bibb -Mfg. Cos. of Macon ...101 103
Charleston olty, 4s. 1909 99 101
Eagle & Phoenix Mills 6s. 1928 .106 108
Edison Electric Illuminating 65.. 108 109
Enterprise Mfg. 6s, 1902 101 103
G. R. R. 6s, 1910 115 116
G. S. & F., 1945. J. & J 114 115
Georgia & Alabama, cons, os 108 109
Georgia state, 3>4t, 1930. J. & J... 108 109
do 334*. 1915, M. A N 105 106
do 4365, 1915 118 119
Macon City 6s, 1910. J. & J 117 119
do 434a, quar. gen 109
Geean Steamship ss, 1920 105 108
Savannah city, 6s, quar, July,
1913 10834 10934
da ss, ijuar. August. 1909 10734 M 834
Seahpard 4s 83 84
South Carolina state, 4345, 1933..11334 115
Sibley Mfg. Cos. 6s, 1903 102 104
Smith Bound 5s ...107 108
S., F. & W. gen. mt’ge Ha, 1934. .127
do do Ist ss. gold, 1934 ,116
do St. John Dtv. Ist, 4s. 1934 .. 96 97
MONEY MARKET.
New York, May 17.—Money on eall firm.
S34D3e per cent., last loan 5 per cent.,
ruling rate 434 per cent. Prime mercantile
paper 4'4 per cent. Sterling exchange firm
with actual business Ih hankers’' hills at
$4.88 for demand, and at $4.8494®4.86 for
sixty days. Posted rates $4.8534 and $4.89,
Commercial bills $4,838)04.84(4. Silver cer
tificates 60c. Bar silver 6984 c. Mexican
dollars, 4834 c. Government bonds weak.
State bonds weak. Hallroad bonds firm—
er
STOCKS AND BONDS.
Market Strong and Advances 9core<l
All Tlirnuisli tin. List.
New York. May 17.—The fever and
nervoutnrss were practically ail gone out
of the stock market to-day. There whs
a really impressive demonstration of con
fident strength, which was somewhat In
termittent and spotty In the early deal
ings, but which grew and broadened with
the progress of the day and closed with
a buoyant outburst which rectified the
days of the early period of the late boom.
The strength in the market wus prin
cipally based on general conditions, but
there were besides an unusually large
number of slocks influenced by individ
ual causes. The aggregation of the
strengthening influences was a potent
factor in Its sympathetic movement In
the local tractions wus due to the inau
guration of the underground trolley on
additional fines of the Metropolitan Street
Railway and estimates o( the benefits to
result to the Manhattan system from the
Use of tire electricity. Sugar wus affect
ed by reports of an agreement lYlth the
coffee interests and wus heavily bought
for Boston speculative account. Expec
tation of a melon-cutting helped Consol
idated Gas. A reported eettlemem with
the city authorities giving assurance
against interference was the cause of the
Strength of People's Gas. The better pros
pect of a settlement with the machinists
nnd the progress of measures towards re
newed organization of the United States
Steel Corporation aompanics Indicated by
the election of new directorates inducted
buying of the United States steel stocks,
llepoits of large deposit* of atock In as
sent to the proposed exchange with
Amalgamated Copper explained the dc.
mand for that stock. There wus talk of
closer relations ' bet ween the American
and Continental Tobacco compdnl*. The
Pennsylvania Railroad ' was said to be
perfecting Its control of subsidiary cosl
carrying roads. Such individual causes
of strength might be considerably ex
tended, but enough has been said to ins
dlcate the character of some of the
market's strength. Gain* all the way from
2 to 10 points are shown by an extended
fist of stocks and their last prices were
practically at the top.
Owing to the heavy receipts from the
Interior, the banks are expected to ahoiy
an effect on the market. Broudly con
sidered the general feeling that priors
were On a aafOr level by reason of the
Inflation let oOt of them while the busi
ness condition* of th* country and the
earning power of propertlee were unim
paired, enMhraged the' buying. The evi
dence that forced liquidation growing out
of the panic had been completed is
thought to leave the way open for re
newed advance. Tha Indications for to
morrow's bank statement were of aucb
a strong recuperation that tome pres
sure to lend money seemed a probability
not far In the future. It should not e -
capa notice, however, that the principal
buying of th* day came through Ihe
same channels as that which marked the
leaderahtp of the recent bull speculation
Into Its last stage*'of excess. The opera,
lions were supposed In Well street 10 be
Inspired in the Interest of the great com
bination Of capital whose measure* of
consolidation have produced a crop of
new securitise which remain to be suc
cessfully marketed to insure’ the reim
bursement of the expenses of those con
solidations. The botlef tn the settlement
of the Northern Pad Ac controversy Is felt
u> offer assurance of a more effective
neulralzatloi] of Ibo whole Western Rail-
rfh Southern
3 ”viiV > Railway.
Trains arrive and depart Savannah on
90th meridian time—one hour slower than
City time.
Schedule in Effect April 7, KOI.
TQ THE EAST.
| Daily | Daily
| No. 34 | No.£6
Bv Savannah (Cent. Time) |l2 55pm112 80am
Ar Blackvilie (East. Time)j 4 25pm| 4 28am
Ar Columbia •• j 6 15pm| 6 10am
Ar Charlotte ” | 9 20pm; 9 45am
AMJreensboro " jll 46pmjl2 23pro
Ar Norfolk " P8 _ aoara[ 77.
Ar Danvide " jlj 51amf I_3Bpm1 _ 38pm
Ar Riehmolui " fg OOam| 6 25pra
Ar Lynchburg " I 2 40amj 343 pm
Ar Charlottesville •• | 4 35am| 5 35pm
Ar Washington ” | 7 35amj 8 50pm
Ar Baltimore j 9 15a ill ill 25pm
Ar Philadelphia ” |ll 35am| 306 am
Ar New York •• | 2 03pm| 6 13am
Ar Boston ” | 8 20pm; 300 pm
¥5 Till; NORTH AND WEST.
Lv Savannah" (Cent. Time) |l2"*m
Ar Columbia (East. Time) | 8 20am
Lv Spartanburg ” |U 80am
Lv Asheville (Cent. Time) i 2 40pm
Ar Hot Springs ’• 4 02pm
Ar Knoxville ’’ 7 20pm
Ar Lexington ’• 6 00am
Ar Cincinnati " 7 45am
Ar St. Louis '* 6 OOpra
Ar Loulevllia ” 7 60am
Trains arrive Savannah aa follows:
No. 35 dally from New York and Wash
ington. 5:00 a. m.
No. 33 dally from New York and Wash
ington, 3:05 p. m.
All trains arrive and depart from the
Plant System station.
THROUGH CAR SERVICE. ETC.
Trains 33 and 34 daily NEW YORK
AND FLORIDA EXPRESS. Vestibule.!
limited trains wiih Pullman drawing
room sleeping care 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 ail meals between Savannah
and Washington.
Trains 35 and 36 d*llv. THE lINITF.D
STATES FAST MAIL, Vestibuled limited
trains, carrying Pullman drawing room
sleeping oars between Savannah and New
York. Dining cars serve all meals be
tween Savannah 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 rages, schedule*,
etc., apply to
F S, GANNON. Sd V. P. and G M
8 H. HARDWICK, G. P. A . Washing
ton, D. C.
W. H. TArLOE, A O. P. A.. Atlanta.
R. C. BLATTNKR. Depot Ticket Agent,
Plant System station, Savannah, Oa.
JAS. FREEMAN, C. P. & T A.. Savan
nah, Ga. t 141 Bull street. ’Phone 860.
road territory than has ever before beep
known.
The prominence of the stocks of the
railroads in that region was due to this
cause. There were very delinite report*
afloat that a dividend on Missouri Pacific
at the rate of 5 per cent, was ail early
probabUity. The gain 111 cash in to-mor
row's statement of nearly $5,000,000 after
allowing for gold ex|>orts. This promise
neutralised the effect of the falling due
oil Monday of the third Instalment on
l'll lon Pacific bond subscription, involv
ing $10,000,000.
The bond market was broad and prices
were well sustained. Total sales, par
value, $3,465,000. United States 3s, declin
ed Q per cent, on Die last cull.
The total sslps of stocks to-day were
983,300 shares, including Atchison. 40,700;
do preferred, 22,400; Chesapeake and
Ohio, 11,600; Chicago, Burlington and
Quincy, 12.900; Erie, 62,100; Illinois Cen
tral, 6,100; Louisville and Nashvlle, 13,-
100; Manhatan, 31,300; Metropolitan Street,
26,300; Missouri Pacific, 49,300; New York
Central 7,000; Onturio and Western, 13,200;
Pennsylvania, 13,800; Reading, 5,800; Read
ing first preferred, 8,700; do second pre
ferred, 10,700; St. Paul. 30.100; Southern
Pacific, 22,100; Southern Railway, 16.200;
Texas and Pacific, 17,100; Union Pacific,
55,2 M); Wabash, 16.600; do prefererd, 9,700;
Amalgamated Copper, 23,100; American
Linseed preferred. 8,100; American Tobac
co. 32.800; Brooklyn, 36,500; Continental
Tobacco, 14.1(81; National Lead. 7,100; Peo
ple's Gas, 38,200; Sugar. 68,900; United
Slate* Steel, 48,200; do preferred, 28,300;
Chicago and Alton. 7.100; Mexican Nation
al. 6,90(1; Toledo, St. Louis and Western,
6,900; do prefererd. 7,000; Consolidated Gas,
5.00U:-Intel nulloiml Power, 5,600; Republic
Steel, 6,000.
New lurk Slock and Ho ml I.l*l.
Railroad Stork*.
Atchison 77%1N. A W BOH
do pref 97%| do do pref .... 87%
B. & O 10OV,(N. Pacific 145
do do pref .... #2 ] do do pref .... 98
Can. Pacific ...104%0nt. A West 32%
Can. South 66%' Pennsylvania ...140%
C. & O 486*; Reading 39%
C., B. A Q 197%j *> 18l Pref 7489
C-. 1. A L 32 ! do 2nd pref ... 51%
do do pref .... 60 |Bt. L. A S. K.. 40
Chi. A K. 111....121 | do do Ist pref. 80
(fill. A- Northw.l99l4l ,io 2 ' ,<J rref. 66%
C., R. I. A P...1u11s St. L, Southw.. 52'4
C. C. C. A St. L. 79%| do do pref 6114
Col. South ...,. 13V4ISt. Paul 161%
do do Ist pref. 47%| do do pref ....186
do do 2nd pref, 21%' ti. Pacific 4884
Del. A Hudson.. 1621418. Railway 29%
D. L. A W 713 I do do pref .... 8214
Den. & R. U.... 47 T. A P 4514
do do pref .... 93 |U. Pacific. IOT%
Erie 37V do do pref .... 9194
do Ist pref ... 87%( Wabash 20%
(It. North, pref. 178 | do pref 38%
Hock. Valley ... 61 Wheel. A L. E,,. J 7
111. Centrul 137%( do do 2nd pref. 29
la Central 'llia Wl*. Central 2014
do do pref (3) do do pref .... 4384
L K. A VV 54 Chi. Ter 23
do do pref ....119 do do pref .... 44
L. A N 102% C. A A 3914
Man. L 114 do do pref .... 80
Met. St. Ry .... 168141 C. G. VV 2084
Mex. Central ... 25 \ do do pref .... 78
Minn. A St. L.. 92)41 Erie 2nd pref... 63
Mo. Pacific 106% | Hock. Val. pref. 75
M , K /t T 26% Mex. Nat 11
do do pref .... 56% TANARUS., St. L. A W. 20
N. J. Centrul ...157 do do pref .... 35%
N. Y. Central ~.152%P. C. C. A St. L. 73
Express Stocks.
Adams 175 Itlnlted States.... 79
American 190 | Wells Fargo HO
Miscellaneous Stocks.
Amal. Copper ..116141 Glucose Sugar .. 6814
Am. Car. a F... 241 a Int'n'l Pai>er ... 22%
do do pref .... 79%| do do pref .... 76%
Nat. Salt 48 Jaiolede Gas .... 83
do do pref .... 76 |Nat. Biscuit .... 42
Union 4Vg 12% Hat. laud 18%
do do pref .... 8814'N. American ... 83
U. 8. Steel 44% P. Coa*t 56
do do pref .... 93%f. Mall 34%
('on. Oa 220 (People'* Gan ...114
Hock. Coal 19 jP. Steel Car 44%
Int’n'l Power ... 96 S do do pref 86%
Rep. Steel 19!4|Pyll. Pgl. Qar ...200
do do pref .... 74%!Sugar 147
/vm. S. A F se%;Tdnri. a. A Iron. 67%
do do pref .... 96 (11. 18, Leather... 12%
Am. Tobacco ...127 ] do do prof .... 76V*
Ana Mini C 0... 47%(U. 8. Rubber.... 29%
flrook R. T 76%; do do pref .... 61%
Udl. F. A 1 92%|W. Union ... ...92%
Con. Tobacco .. 65%‘Ain *.lri. 0i1....; 2u%
do do pref ....197%( do do prt'f i..v61
Gen. Elec ..... 221
Bond*
U.. 2*. ref.neg.lo6l* N. V. C. lt 107%
do cou 1061*| N. J- C. *<llls*l32'*
do 3*, reg 109 I No. Pa. 3a • 71%
do 3a. cou. ..109 | do do 4s ......10514
do new 4*,r*g.128 M. AO. 4s t.r.. 95%
do new 4a,c0u.128 |N. Y , C. A St.
do old 4s, reg,ll3%' L- 4s 107'j
do old 4*. cou.ll3'4|N. A W. c0n.4r.10014
do 6s. reg. ...106%iOre. Nav. late, 109
do ss, cou. ...106% do do 4s ........101
D. of C. 365 k ..125141 Ore. • D, 6* .128
Atch. gen. 4s ..U)2%j do do con. 5e...U8
do udjt. 4a .... 94 Read. Gen, 4a .. 95
C. of O. c0n.5..103 |R. G. W. Ist* 100%
do Ist Inc. bid. 68 I St. L. A Hr. M.
Plant System
of Railways.
Trains operated by 90th meridian time-.
Odo hour slower than city time.
Departures from Savannah.
SOUTHLAND WEST.
No. 23* New York and Florida
Express 2:30 a. m.
No. 63* Fast Mail 5:10 a. m.
No. 35* Florida and West India
Limited 7:46 a.m.
No. 33* New York and Florida
Fast Mail S;l4 p. to.
No. 25* Local 6:00 p. m.
"north and EAST. '
No. 78* New York and Florida
Express 1:45 a. m.
No. 6t Local 6s<a. m.
No. 89 Sunday Excursion 7:15 a. na
No. 32* Florida and West India
Limited 1:06 p.m.
*'*°- lu 9 Sunday Excursion 6:45 p. ra.
•Dally. fDaily except Sunday. {Sun
days only. . ,
Connection at Jacksonville with Florida
L?. S u S 0881 " fl t Miami and Port Tampa
wsth Peninsular and Occidental Steam
ship* for Key West and Havana.
Connections at Waycross for Thomaa
vllle and all points west.
Connection* at Jesup for Brunswick.
Connections at Charleston with Atlantis
Coast Line for all points East.
Pullman Sleeping Cars on limited and
express trains.
For detailed information call at
Ticket Office. I)e Boto Hotel. Savannah.
WARD CLARK, City Ticket Agent
J H. POLHEMUS. T. P A.
B. W. WRENN. Pass. Trafflo Manage*.
ljfP£
% RVeoy
Schedule Effective May 6,19 m.
Trains arrive at and depart from Cen
tral Station, West Broad, foot of
Liberty street
90th Meridian Time—One hour slower
than city time.
Leave Arrtv*~
Savannah; Savannah.
jAugusta, Macon. Atlanta.!
*8 45amj Covington. Mllledgevllle, *6 00pm
Americus, Albany and in
termediate polns.
Augusta, Macon, Atlanta,
Athens, Montgomery, co
*9 00pm lumbus, Birmingham, Am- *7 Mu*
erlcus. Albany, Eufaula
and Troy ;
5* OOprn Dover nnd Statesboro ||7 itara
accommodation. |
12 oOpm| Guyton Dinner Train. ||4 50pm
fio hhpm| Ouyten accommodation ||6 99am
BETWEEN SAVANNAH AN
Standard (90tli meridian) lime, on# hour
slower than Savannah city time.
LEAVE SAVANNAH.
Dally—9 a. tn., 2:30 p. m., 4:20 p. m , 7:os
p. m.
LEAVE TYBEE.
Daily—6:4s a. m., 10:00 am., 6:46 p. m.,
9 .00 p. m.
* Dally, jj Except Sunday.
Connections made at terminal point#
with all trains Northwest. West and
Southwest.
Sleeping cars on night train# between
Savannah and Augusta, Macon, Atlanta
and Birmingham.
Parlor curs on day trains betwaen Sa
vannah, Macon and Atlanta,
For complete information, schedules,
rates and connections, apply to
W O BREWER, City Ticket and Fa*-
renger Agent, 107 Bull street, or
W. R. MoINTYRB, Depot Ticket
Agent.
J. C. HAILE. General Passengar Agent.
E H. HINTON, Traffic Manager.
THEO. D. KLINE, General Superin
tendent. Savannah. Oa
$37.10 & $36,45
(SEASON) (16 DAYS)
SAVANNAH
—TO—
BUFFALO
—VIA—
SEABOARD
i AIR LINE RY.
: The Shortest and Most Direct,
: with choice of several routes.
TICKETS NOW ON SALE.
for farther iufnrmattow,
tickets, etc,, call on or write
WM. BUTLER, JR„
Division Passenger Agent,
Xavannab, Gs.
Office, null and Hryma slreata.
PHONE 2H.
(to 2nd Inc. ... 27 | con. Ss 114%
Can. Uo. 2nda. jSt. L. Sc 9. K.
ofd 106% ■ *en. t 133
C Sc O. 4Vs ....100 iHt. P. cone 199
do do 5a 11*% t. P., C. & P.
C. * Nw. con. I lata < ....11*
7. 141%! St P., C. Sc P.
do do 8. K. | 6 U%
Deb. 5a 120%' So. Pa. la *2%
Chi. Term. 4 .. *B%;So. Ky. Si -110%
Col. So. 4a .... 87 |B. Hope *T. 6a. 58
D. Sc R. O. 4*.101%|T. & P. lat ..11*
Krle CJen. 4 ..87 ; do do 2nda ....lflo
K. W. & D. C. | Un. Pa. 4 105%
lata 109 |Wabah lta ....117
Gen. Elec. 65..18.-%; do 3nda V
lnwo Cun lata .117 (Went Shora 1.
L Sc N. Units 102%; offered 113%
Mo., K. Sc T. Wis. Can. lata . *,'*
2ntia 81%: Va. ■ Centuries .. 9!
do do 4a 98T4|
New York, May 17 —Standard Oil, 7*6
4*805.
Baltimore, May 17. -Seaboard common
21 Seaboard preferred 44%; Beaboard
band! 4a. 7#%.
Failure on l.ouilon 'lhanir.
Dondon. May 17—The suspension of
Charles Kelman waa announced on the
Stock Exchange to-day. The failure it
not Important.
Cold Exports From New York.
New York. May 17.—Ooldman. Sacha <•
Cos. will ship *250,000 gold coin to Holland
to-morrow.
MISC K1.1.AN8019 MARKETS.
Note -These quotations are revised dally
and are kept aa near am possible In accord
with the prevailing wholesale prices. Ofll
contlnuad on ElgMh Page.
9