Newspaper Page Text
TRADE m FINANCE
movement of cotton to savan
nah ON THE INCREASE.
SPOT MARKET A SHADE LOWER
fair demand reported for
COTTON FOR F. O. B. SHIPMENT.
iipiriti of Turpentine Close Firm at
34%C, With t-Ue Demand Sufficient
to Maintain the Price—Rosins
Firm. With the Undertone After
the Closing Rather Easy—Local
and Telegraphic Markets.
The Morning News Office,
Monday, Sept. 9.
Thb local cotton trade look tor an
early increase In the movement to Sa
vannah, which has been light up to
the present, owing to the backwardness
of the crop. To-day's receipts wera
1,533, and while this is a decided Im
provement over the receipts for the
past few days. It lacks a great deal of
approaching the receipts tor tSe corre
sponding day last year or the year' be
fore last. Last year the receipt* were
4.456, and the year before last 6,045.
A steady improvement is appearing
in the demand. Judging from the local
sales, which reached 426 bales to-day.
Spot business has scarcely begun yet,
ar.d will probably not until cotton be
gins to arrive more freely. In the f.
o. b. branch fair activity was report
ed, with the offerings in ample volume
to supply the demand. Exporters at
tach importance to quick shipments,
which are given the preference among
the offerings. In the outside markets
there was little of general interest, with
the closing at both New Orleans and
New York showing slight changes on
Saturday's prices. It is evident that
little nervousness is being shown over
the condition of the President, since the
reports of hie recovery are very reas
suring. Futures at New York closed
quiet and steady net unchanged to 1
point up.
Spirits of turpentine closed firm at
34%c, with the demand good, and r.o
business being reported under the offi
cial market. Rosins closed firm, with
the undertone rather easy after the
closing. The following resume of the
markets will show their tone and quo
tations at the closing to-day:
COTTON.
Spot cotton closed steady at a de
cline of %c on all grades. The demand
was fair, the sales being 426 for the
day. The receipt* were 1,533, against
4 456 last year, and 6,045 year before
last. In f.o.b. branch the demand was
fair and transactions in satisfactory
volume. Brokers reported fully good
middling from 8 7-16 to stye, and good
middling from 8 5-16 to B%c. Much de
pends upon delivery, with the prefer
ence given, of course, to prompt ship
ments. The offerings were generally
reported as fully equal to the demand.
The following were the official spot
quotations at the close of the market
at the Cotton Exchange to-day:
This! Last
day. I year.
Good middling 'B% 110%
Middling 8 11014
Low middling , 7% !
Good ordinary | |
Market steady; sales. 426.
Savannah Receipts, Exports, Stocks:
Receipts this day 1,553
Receipts this day last year 4,458
This day year before last 6,045
Receipts since Sept. 1, 1901 6,648
Same time last year 25,551
Exports, coastwise 283
Stock on hand this day 8,681
Same day last year 26,812
Receipts and Stocks at the Ports-
Receipts this day 10,431
Receipts ttjis day last year 11,054
Receipts year before last 28,154
Receipts since Sept. 1 66,971
Same time last year 77 4 8U
Same time year before 168,26!
Stock at the ports to-day .... 223,399
Stcck same day last yean: 124,256
Dally Cotton Market—
Brunswick—Net receipts, 1,141; gross,
1,141; stock, 620; Great Britain, 1,141.
Galveston—Easy; middling. 8%; net
receipts, 2,637; gross, 2,637; sales, 150;
stock, 49,331. Exports—Great Britain,
5.038.
Norfolk—Quiet; middling, 8%; net
receipts, 1,608; gross, 1,608: stock, 5,-
651. Exports—Coastwise, 1,993.
Baltimore—Nominal; middling, 8%;
gross receipts, 500; stock, 75#. Ex
ports—Continent. 325.
Boston—Steady; middling, 8%; gross
receipts. 223.
Wilmington—Firm: middling, 8%;
net receipts, 215; gross, 215; stock,
2,606.
Philadelphia—Quiet; middling, 8%;
net receipts, 156;' gross, 156; stock,
1,604.
Savannah—Steady; middling. 8; net
receipts, 1,533; gross, 1.533; sales, 354;
stock, 8,681. Exports—Coastwise, 283.
New Orleans—Easy; middling, 8%;
net receipts, 2,450: gross, 2,450; sales,
3,400; stock, 40,770. Exports—Coast
wise, 400: continent, 1,350.
Mobile—Quiet; middling, S; net re
ceipts, 294; gross, 294; sales, 100; stock,
6.473.
Memphis—Steady; middling, 8 3-16;
net receipts. 641; gross, 1,481; sales, 350,
stock, 19,458.
Augusta—Steady; middling, 868; net
receipts, 493; gross. 493; sales, 465; stock
4,854.
Charleston—Firm; middling. 774;
net receipts, 243; gross. 243; stock, 868.
Cincinnati—Quiet and nominal; mid
dling, 8%.
St. Louis—Quiet; middling, 8%; net
receipts, 161; gross, 161, sale 6, 75; stock
33,968.
Houston—Easy; middling, 8 5-16; net
receipts, 7,444; gross, 7,444; sales, 744;
stock, 17,055.
New York—Dull; midling. 8%; net re
ceipts, 154; gross, 3.040; sales. 2,028;
stock, 106.031. Exports—Great Britain;
4.519; continent. 100.
Total To-Day—Net. 10.431; Great
Britain, 13,698; continent, 1,775; stockd,
223.399.
Consolidated—Net, 18,942; Great Brit
ain. 19,205; continent, 6.167.
Total Since Sept. I— Net. 66,971; Great
Britain, 44,562; France, 9,243; continent,
14,508.
SEA ISLAM) COTTO*.
Week ending Aug. 30.
, 1900-01. 1899-00.
Receipts, week 11 32
Receipts, season 11 82
Exports, week 63 50
Sales, week 2 *9
St °ck 423 1,670
COTTON* FUTURES.
1 he Market Closes Quiet sad Steady
9iet Unchanged to 1 Point Up.
New Tork, Sept. 9.—The market for
cotton futures opened quiet and firm,
with price* 609 points higher on a
F Purt of room covering and light out
tide support, prompted by the mark
ed change for the bettor In the Presi
dent’s condition and by bullish cables
from Liverpool. The monthly British
trade statement of exports of cotton
sooda was far better than look
ed for. Following the call prices, eased
quite sharply under protU-taklng
and light selling of a scalping charac
ter But before mid-day brisk wall
street buying and a scare of room
Board of Trade Building, Savannah.
Private leased wlrea direct to New
Tork. Chicago and New Orleans.
COTTON, STOCKS AND GRAIN.
New York Office. No. 61 Broadway.
Offices in principal cities throughout
South. Write for our Market Manual
•no book containing instruction for
traders.
shorts sent values up tc the high point
of the morning. The crop reports in
hand were conflicting and unsatisfac
tory. In the early afternoon the mar
ket eased Off again under selling for
profits by the scalping contingent and
a withdrawal of outside support. Ear
ing the last hour the market was ir
regular and slightly more active, with
prices off to lowest of the day under
pit realising. Closed quiet and steady,
wdth prices net unchanged to 1 point
higher.
FLUCTUATION* IN FUTURES.
New York, Sept. 9.—Cotton futures
opened quiet and firm and closed quiet
and steady. Brices as—follows:
_ r lOpen.|High|Low. Close
January 7.78 7.79 7.72 “t. 72
February 7.78 7.78 .... 7.72
March 7.80 7.81 7.75 7.75
April 7.75
May 7.83 7.8S 7.76 7.77
September 7.72 7.72 7.70 7.67
October 7.77 7.77 7.69 7.69
November 7.70 7.72 7.69 7.68
December ...... 7.77 7.78 7.71 7.71
LIVERPOOL COTTON MARKET.
Liverpool, Sept. 9.—Spot, moderate
business; prices firmer; American
middling fair, 5%d; good middling,
5%d; middling, 4 IS-I6d; low middling,
419-82d: good ordinary. 411-32d; ordi
nary, 4 2-32d. The sales of the day were
7,000 bales, including 6,000 American.
Receipts 1,000 bale 6, no American.
Futures closed quiet and steady:
American middling, low middling
clause, September, 4.89@4.40d; g.0.c.,
October, 4.26®4.27d; October-Novem
ber, 4.21d; November-December, 4.!8d;
December-Jar.uary. 4.17®4.15d; Jan
uary-February, 4.17®4.18d, February-
March, 4.17@4.18d; March-April, 4.17®
41Sd; April-May, 4.1704.18d.
NEW ORLEANS COTTON FUTURES.
New Orleans, Sept. 9.—Cotton futures
closed steady.
September 7.8207 87
October 7.5907.60
November 7.5507 57
December 7.5507.56
January 7.56@7.57
February 7.5607.38
March 7.5607.58
April 7.5707.59
May 7.5807.60
H. * B. Beer’s Cottoa Letter.
New Orleans, Sept. 9.—Liverpool ad
vices were better than looked for, con
sequently our market opened 2 to 7
higher, advanced slightly shortly aft
er on fresh buying and subsequently
declined son realizing. Favorable re
ports of the President’s condition su
perinduced purchases later, occasion
ing an improvement of 7. The weak
ness of spots in the interior, and the
leading market declining from one-six
teenth to one-quarter of a cent brought
out sellers near the close, establishing
a break of 12 to 14 from the top, mak
ing the loss on the day 7 points. Man
chester cables say that the market has
been feverish and unsettled owing to
the uncertainties existing. While ad
mitting the statistical stituation might
be conducive to higher prices in the
near future, still the position of cloths
are very different from that of a year.
Most outlets are well supplied and
there is no need to pay fancy prices in
the face of a reduction within a few
months. Shippers for India and China
prefer to await results. Crop advices
from Central and Southern Texas are
more optimistic as the recent rains, it
is claimed, have improved the outlook.
Travelers and railroad men from that
state think the damage has been ex
aggerated and are of the opinion tnat
the shortage from drought will be off
set considerably by the Increased
acreage. The reports from the other
states are generally favorable and
while the heavy rains sometime back
delayed picking, they were beneficial,
especially as they were followed by hot,
forcing weather. Judging from the
present indications the pressing early
engagement for September have been
filled, accounting for the weakness now
prevalent in spots. Unless a good de
mand for the raw articles soon makes
its appearance again, it is unlikely
that values can be sustained for the
moment.
Murphy A Co.’s Cotton Letter.
New York, Sept. 9.—Cotton w-as dull
at an advance of 5 to 8 points this
morning. Cables showed an Improve
ment, and the condition of the Presi
dent was such as to produce a more
hopeful feeling in trade circles, and to
direct attention to other probable in
fluences in the staple. News from the
South was of the same recent char
acter. reports to-day indicating fine
W’eather for growing and picking. As
we approach the frost period shorts
are getting nervous. The small stock
in New York warehouses is also giving
them no little concern, and the possi
bility of an October corner is being
discussed. That month advanced 7
points during morning. The total sales
were light. Cables were practically
unchanged. There was some rain in
Texas yesterday, including a fair fall
at Beeville, and heavy at Corpus
Christ!. San Marcos, and San Antonio.
Receipts at the ports, 10,000, against
11.000 last year. The diminishing sup
ply of cotton in Liverpool is attracting
attention, and according to Manchester
cables it is admitted that the statis
tical position In Liverpool is such as
to justfy higher rates in the immediate
future, and that supples are not com
ing forward sufficiently well to relieve
the market. Texas reports continue
to monopolize, and so far we can de
termine nothing to justfy th* oft ex
pressed belief in a quite moderate crop
in that state.
Hubbard Bros. A Co.’s Cotton Letter.
New York, Sept. 9.—Liverpool react
ed during the morning as was expect
ed but lost the advance during the
session on a very small business.
Cablegrams state the markets there
are as mixed as to the future course
of prices as here. Trade demand has
so slackened that the statitstlcal po
sition does not have the effect of in
ducing spinners to buy freely in ad
vance. Crop advices continue of the
same tenor, poor from Texas and
good from the country east of the Mis
sissippi river. Excepting in spots we
have seldom seen the trade so at sea
as to the future. Any increase in the
FINANCIAL.
JOHN W. DICKEY,
■took and Bon'd Broker.
ACGISTA, GA.
Write for List.
SAFEST! besti WALL ST.
Money will earn big monthly return..
The investor’. fund P*y semi-monthly.
Tho oldest established In American. No
Certificate holder has ever lost a cent.
Payments made to all subscribers every
15 days No trouble. No Money re
fused on demand Wrtte to-d.y for par
tlculsrs, Vr&CKETACO..
Hudson Building, New York.
THE MORNING NEWS: TUESDAY, SEPTEMBER 10.’ 190 L
Sill 111 M t
Capita) $350,008.
JOSEPH D. WEED, President.
JOHN C. ROWLAND. Vice President.
WM. F MCCAULEY, Cashier.
8. L. CLAY. Assistant Csahler.
A general banking and exchange busi
ness transacted.
Savings Department, interest computed
quarterly.
Accounts of merchants, banks and cor
porations solicited.
Amarlcan Express Company** letter# of
credit Issued available m all parts of the
world.
Collections carafully made and promptly
ecoounted for.
Safety deposit boxes and store re vaults
for rent.
Correspondence Invited.
movement with favorable weather
would hav* the contrary effect. There
is at present no disposition to look for
any immediate decline.
DRY GOODS.
New York, Sept. 9.—Print cloths con
tinue strong and regulars have sold
at 2%c, an advance of He per yard.
Wide grey goods ate firm at previous
prices. In brown sheetings and drills
and In bleached cottons prices are
Arm, with steady demand for immedi
ate requirements, but not much doing
for forward deliveries. Occasional ad
vances in plaids and cotton cheviots
and coarse colored goods generally
firm* Prints firm.
NAVAL STORES.
•
Monday, Sept. 9.
SPIRITS—The turpentine market
opened firm to-day at 34%c, with sales
of 146, and closed firm and unchanged,
with closing cales of 1,233. Throughout
the day the demand was satisfactory,
and the market well maintained at the
official price. It was not understood
that buyers were making any effort to
hammer prices. Receipts 589, and the
exports 171.
ROSINS—The rosin market opened
Arm and unchanged from Saturday’s
closing, with sales of 698, and closed
firm at a rise of 10c on palas. It was
not the current understanding that the
demand was very large, and for this
reason ah easy undertone prevailed
after the closing, with some of the
day’s receipts left In factor's hands.
The receipts were 2,661, and the ex
ports 4,485. Prices as follows:
A, B, C $ 95 I $1 40
t> 100 K ITS
E 1 05 M 2 20
F 110 N 2 70
9 I 15 W. G 3 10
H ........... 1 20 W. W 3 50
Receipts Monday—
Spirits. Rosin.
C. R. R 83 395
S., F. & W 317 1,372
S. A. L. 189 894
Exports—
S. S. D. H. Miller, Bait© 73 1,563
S. S. Alleghany, Phila- 99 3,922
Naval Stores Statement-
Spirits. Rosin.
Stock April 1. 1901 5,705 135,841
Receipts to-day 589 2,681
Receipts previously 136,470 497,703
Total since April 1 202,761 636,205
Exports to-day. .... 17J 4,485
Export* previously 183,092 472,326
Exports since April 1.. 183,363 476,805
Stock on hand to-day..-. 19,501 159,400
Same day last year 44,266 130,704
Charleston,. S. C., Sept. 9.—Spirits
turpentine market firm, at 32%c.
Rosin, firm, unchanged.
Wilmington, Sept. 9.—Spirits turpen
tine firm, 3354 c; receipt* 27.
Rosin firm, 95c@t1.00; receipts 341.
Crude turpentine steady, $10001.90;
receipts 72. •
Tar quiet, 81.35; receipts 300.
New Orleans, Sept. 9—Receipts, ros
in, 230 barrels.
Turpentine, 115.
New' York, Sept. 9.—Rosin, steady.
Turpentine, steady.
FINANCIAL.
MONET—Money, easy.
FOREIGN MARKETS- Markets
weak. Commercial demand, 34.8434;
60 days, $4.82; 90 days, 34.81; francs,
Paris and Havre, 60 days. 35.2254,;
Swiss, 60 days, $5.2314; Belgian, 35.2454,
marks, 80 days, 94 3-18; 90 days. 94.
DOMESTIC EXCHANGE - Steady:
banks are buying at 1-16 discount and
selling as follows; 325 and under, 10c
premium; 335 to 350, 15c premium; 3*o
to 3100, 20c premium: 3100 to 3200, 25c
premium; 3200 to 31,000, 84c premium;
31.000 and over, 75c per M. .
SECURITIES—But little is doing la
securities these days.
stock a.
Bid. Ask.
Augusta & Savan. R. R 115 U 6
Atlanta & West Point 140 150
do 6 per cent, certificates..lo6 107
Augusta Factory 80
Citizens Bank 139% 140
Chat. & Gulf R. R. stock.... 107 110
Chatham Bank 80 82
do R. E. & I. Cos. A 54% 66
do do B 83% 54
Eagle & Phoenix Mfg. Co—loo 105
Edison Electric Ilium. Cos 110 112
Enterprise Mfg. Cos 99 101
Germania Bank 133 135
Georgia Railroad, c0mm0n...230 285
Granitevilie Mfg. Cos 10 166
J. P. King Mfg. Cos 95 100
Langley Mfg. Cos 105 110
Merchants' National Bank ..120 122
National Bank of Savannah.. 150 155
Oglethorpe Sav. & Trust C0.,112 113
People’s Savings and Loan .102 102%
Seaboard common 28% 29%
do preferred 51% 52
Southwestern R R. C 5 U 5% 116%
Savannah Gas Light Cos 22% 23%
Southern Bank 161 162
Savannah Bank and Trust.. 124 125
Sibley Mfg. Cos., Augusta 7B 80
Savannah Brewing 90 95
Bonds.
Bid. Ask.
Char. Col. and Aug. Ist ss,
1901 110 118
Chat, and Gulf R. R. 5 per
cent. Ist mortgage 108 104
Atlanta 4s, 1923 104 105
Augusta City 4s, 1927 XO4 106
do 4%5, 1925 11l 112
do 7s, 1903 103 104
do 6s, 1913 120 122
Ala. Mid. ss. lnd’d 1928, M.
and N ..107 108
Augusta Factory 6 per. cent.,
1915 116 112
Brunswick and W. 4s, 1928 87 8$
C. R. R- and Banking collat
eral 5s 102 103
C of G. Ist mortgage ss.
1945. F. and A 120 121%
C. of G. con. ss, 1945, M
and N 167% 108%
C. of G Ist Incomes, 1945... 82 83
do 3d incomes 32 33
do 3d incomes, 1945 20 21
C. of G. (M. G. and A. Div.)
ss, 1947. J. and D. 102 102
City and Suburban R. R. Ist
7s 10* 110
Columbus Cltv, ss. 1909 104 10$
Columbus Power Cos. ss, In
dorsed by Bibb Mfg. Cos.
Macon 100 101
Charleston city 4s. 1909 99 101
Eagle and Phoenix Mills 6s,
1923 106 107
Edison Electric 111. 9s 108 109
Enterprise Mfg, Cos. 6s, 1902.. 101 163
O. R. R s. 1910 U3 115
O. S. and F. 1945, J. and J... 112 113
Georgia and Ala. cons. 55....106 107
Georgia state B%s. 1930, J.
and J 166 107
do 3%5. 1915, M. and N 104 106
do 4%5, 1915 116% 116
Macon city 6s. 1910. J. and J. 115 116
do 4%5, quar. gen 10# ...
.ESTABLISHED ISL
HENRY BEER. BERTRAND BEER.
EDGAR H. BRIGHT.
h. & bTbeer,
Cotton i Merchants,
NEW ORLEANS.
Member* of New Orleans Cotton Ex
change. New York Cotton Exchange end
Associate Members Liverpool Cotton As
sociation.
Special attention given to the execution
of contracts for future delivery in cotton.
Ocean Steamship ss. 1920 106 108
Savannah city ss. quar.,
October. 1913 103 109
Savannah city 6s. due 1909
November coupons 107 108
Seaboard 4s 84 85
South Carolina state 4%5,
1983 112 113
Sibley Mfg- Cos. 6s, 1903 100 102
South Bound 6s 107% tOB%
S., F. and W. gen. mt'ge 6s,
1934 126 ...
do do Ist 66, gold, 1934 ...115 ...
do St. John Div. Ist 4s. 1924. 95 97
WANT SURPLUS REPLACED.
New. York Clearing House Committee
Ask Gage to Help.
New York. Sept. 9.—At the close ot
the stock market to-day the following
telegram was made public at the clear
ing house:
"To Hon. Lyman J. Gage, Secretary
of the Treasury, Buffalo.—The contin
ued absorption of money by the treas
ury in view of the increasing demand
for currency for crop moving, w# trust,
will have your immediate attention, and
measures adopted by which at least
some portion of this surplus may be
replaced in circulation for the benefit
of the business community.
(Signed.) F. D. Tapper."
“Chairman Clearing House Commit
tee.’’
MONEY MARKET.
New York, Sept. 9.—Money on call
firm, 206 per cent.; ruling rate 6 per
Cent.; last rate 2 per cent. Prime mer
cantile paper. 5% per cent. Sterling ex
change steady at the decline, with ac
tual business in bankers' bills at $4.85*4
for demand and $4.32% for sixty days.
Posted rates, $4.83%@4.34%, and $4.86®
4.87. Commercial bills, $4.82*404.83%.
Bar silver. 58%c. Mexican dollars,
45%c. Government bonds steady; state
bonds inactive; railroad bonds irregu
lar.
STOCKS AND BONDS.
The Market Closes Strong and Near
the Top.
New York, Sept. 9.—The number of
shares of stocks so'.d on the Stock Ex
change during the five hours of to
day’s session was no greater than was
sold during the two hours of Satur
day’s session. This fact in-itself would
be indicative of a marked subsidence
of the nervousness and feverishness
which pervaded the stock market on
Saturday, ■ but the table of recoveries
in prices which resulted from the
day’s trading make* a really remark
able showing of the recuperative pow
er ef the market.
The confident opinion of the Presi
dent’s physicians and friends that he
is in a way toward safe 'recovery from
his wounds was of course the primary
cause of the buoyant rebound in
prices. The effect was shown not only
in New York, but in all the gre*t se
curities markets of the world. The
secondary cause was the comprehen
sive and effective measures concerted
for the protection and support of the
market by the clearing house banks
and great financiers of the metropolis.
The effect of these measures was seen
in the success with which the call
money rate was repressed to a 6 per
cent, level. Just what the measures
taken were was not di*closed, but the
large sums of money in the hands of
the principal money broker on the
floor of the stock exchange to place
call loans at 6 per cent, suggested that
money was being supplied by a power
ful syndicate for the purpose.
The clearing house committee was
conveniently at band all day to take
To tine Owner* and Holders * t the
FIRST MORTGAGE PREFERENCE BONDS
—of the —
Georgia & Alabama Railway.
You will take notice that the Georgia
and Alabama Railway in the exercise
of the right of redemption secured to
It by the terms of the bonds and the
deed of trust securing the same, will
on the first day of October, 1901, redeem
and pay off at 105 and interest all of its
First Mortgage Preference Bonds, da
ted Oct. Ist, 1595. and secured by deed
of trust or mortgage executed by said
railway to the Baltimore Trust and
Guarantee Company of the same date,
and all owners and holders of said
preference bonds are hereby notified
to present the bonds respectively held
or owned by them at the office of the
Baltimore Trust and Guarantee Com
pany in the city of Baltimore, Md., to
be then and there redeemed and paid
off by said rallw-ay. Holders of First
Mortgage Preference Bonds may at any
time prior to Oct. Ist, 1901, surrender
the same, together with all unmatured
coupons thereon, to the Baltimore
Trust and Guarantee Company, Equit
able building. Baltimore, Md., and re
ceive in exchange therefor First Con
solidated Mortgage Bonds m like
amount, bearing coupons correspond
ing to those on the bonds so surren
dered, differences In interest, owing to
dates of maturity of coupons, being ad
justed.
JOHN SKELTON WILLIAMS,
President.
ifir
■ 11
contains everything that is
good to make it the BEST
Rubber Belt on the market
to-day.
We carry this belt in all
sizes.
I*l liw a,
“Everything in Mill Supplies,”
lae Bay St., West, Both Phones 1399.
any action that-might ba demanded
by an emergency, but there' was no
formal session ■of the committee and
no steps were taken by them uptil af
ter the Olofce of the stock market,
wfien a dispatch was sent to Secretary
Gage advising him of the committee’s
view that some action by the Treasury
Department was incumbent for the re
lief of the money situation. The
special circumstances which make the
operations of the Treasury Depart
ment embarrassing to the money mar
ket have been too often stated to need
special description here. The enlarged
surplus in the government revenues
by reason of the great decrease in the
expenditures without corresponding
decrease in the income is taking daily
from the open market and from the
circulation Urge sums of money Just
at the time when the movement of the
crops and the expanding fall require
ments are making the year’s largest
demands for money. Some expecta
tion of action by the Secretary of the
Treasury for the relief of the money
market played its part in the days
strength of the market before the
action of the committee was known.
The tension of the demand for money
here was shown also by the decline
in exchange on other points. Both
sterling and continental exchange fell
sharply, causing renewed talk of en
gagements of gold for import, but none
were announced. Chicago exchange
on New York also rose to within 10
cents of per, but $250,000 was deposited
at the sub-treasury for Chicago and
$35,000 for New Orleans. In view of
these considerations the collapse In the
money rate .late Jh the day is less con
vincing than it would otherwise be. Its
occurrence after the demand of the
day had been largely satisfied might
have been due to manipulation. The
market closed strong at near the top,
net gams for the principal active
stock* running from 2 to 4 point* and
for 6t. Paul 6%. Thus a large part of
Saturday’s losses were retrieved.
Railroad bonds showed recoveries
also but iff much smaller degree than
in stocks. Total sales par value
$2,065,006. United states bond* were
unchanged on the last call.
The total sale* of stocks were 845,-
806, including Atchison, 62,300; Atchison
preferred, 6.260: Erie, 85,600; Erie flrit
preferred. 11,600; Louisville and Nash
ville, 11,900, Manhattan. 11,300; Mexi
can National, 17,100; Missouri Pacific,
12,400; Norfolk and Western, 11,600;
Ontario and Western, 14,300; Pennsyl
vania. 17,300; Reading, 10,600, Reading
first preferred, 8,600; Reading second
preferred, 10,300; St. Paul, 77,500;
Southern Pacific, 53.100; Southern Rail
way. 28,100, Union Pacific, 80,900, Wa
bash preferred, 5,200; Amalgamated
Copper, 42,500; American Smelting,
9,800; Brooklyn, 14,600, Consolidated
Gas, 5,600; Tennessee Coal, 6.300;
United States Steel. 41,700; United
States Steel preferred, 21,100,
New York Stock and Bond Liet.
Railroad Stocks.
Atchison t 9%
Atehisor. preferred 96%
Baltimore and Ohio 101
Baltimore and Ohio preferred 92
Canadian Pacific ui%
Canada Southern 68
Chesapeake and Ohio 45%
Chicago and Alton 37%
Chicago and Alton preferred 77
Chicago, Indianapolis and Louis. 39%
Chicago, Ind. and Louis, preferred T 2%
Chicago and Eastern Illinois .... 186
Chicago and Great Western 23%
Chicago and Gt. W. A preferred 84
Chicago and Gt. W. B preferred 48%
Chicago and Northwestern 191
Chicago, R. I. and Pacific 142
Chicago Terminal and Trans 21
Chicago. T. and T. preferred 40%
C., C., C. and St. Louis 91
Colorado Southern 14
Colorado Southern Ist preferred .. 55
Colorado Southern 2d preferred .. 24%
gelawre and Hudson 164
eiaware, Lackawanna and W. ..221
Denver and Rio Grande 46
Denver and Rio Grande preferred 94
Erie 42%
Erie first preferred 70
Brie second preferred 57%
Great Northern preferred 182
Hocking Valley 58
Hocking Valley preferred 7$
Illinois Central 144%
lowa Central 38
low* Central preferred 71
Lake Erie and western 62
Lake Erie and Western preferred 123
Louisville and Nashville 103%
Manhattan L 118%
Metropolitan Street Railway 164
Mexican Central 24%
Mexican National 14%
Minneapolis and St. Louis 106
Missouri Pacific 102%
Missouri. Kansas and Texa* 25%
Missouri, Kansas and T- preferred 54%
New Jersey Central 160
New York Central 182%
Norfolk and Western 54%
Norfolk and Western preferred .. 8$
Northern Pacific preferred 95%
Ontario and Western 34%
Pennsylvania 143%
Reading 42%
Reading first preferred 76
Reading second preferred , 53%
St. Louis and San Francisco 44%
St. Louis and San F- Ist preferred 8?
St. Louis and S. F. 2d preferred .. 63%
St. Louis Southwestern 29
St. Louis S. W. preferred 62
S:. Paul 163
St. Paul preferred 186
Southern Pacific 56%
Southern Railway 32
Southern Railway preferred 87%
Texas and Pacific 42%
Toledo, St. Louis and Western .. 20
Teiedo, St. Louts and W. preferred S3
Union Pacific 97%
Union Pacific: preferred 88
Wabash 21%
Wabash preferred B>4
Wheeling and Lake Erie 18%
Wheellng-and L. E. 2d preferred .. 28
Wisconsin Central 21%
Wisconsin Central preferred 42
P. C. C. and St. Louts 70
Express Companies.
Adams 175
American 185
United States 95
Wells Fargo 160
Miscellaneous.
Amalgamated Copper 114
American Car and Foundry 29%
American Car and F. preferred .. 85%
American Linseed Oil 19%
American Linseed OU preferred .. ■■>%
American Smelt and Refining.... 47%
American S. and R. preferred .... u 9
American Tobacco i33%
Anaconda Mining Company 45%
Brooklyn Rapid Transit 68
Coicrado Fuel and Iron 97%
Consolidated Gas 229%
Continental Tabacco 66%
Continental Tobacco preferred . JiT
General Electric 262
Glucose Sugar 57
Hocking Coal 1*
International Paper 24%
International Paper preferred .... 79%
International Power SC
Laclede Gas , 85
National Btecuif 43%
National Lead 19%
National Salt 39%
National Salt preferred 16
North American 95%
Pacific Coast 64
Pacific Mail 44%
People’s Gas 110%
Pressed Steel Car 41%
Pressed Steel Car preferred *l%
Pullman Palace Car ?in
Republic Steel 12
Republic Steel preferred 71%
Sugar 131
Tennessee Coal and Iron *3%
Union Bag and Paper Company .. 16%
Union Bag and P. Cos. preferred 74
United States Leather 14%
United State* Leather preferred.. 81%
United States Rubber i8
United States Rubber preferred . 6*l
United States Steel 43%
United States Steel preferred .... 93%
Wcetern Union 917*
Bonds.
U. S. ref. 2s, reg. 167%
do do 2s, coupon 107%
~{fo “Southern —
"3jT“ Railway.
Trains arrive and depart Savannah on
90th meridian tijne*-one hour slower
than city time.
Schedule Effective June 26, 1901.
TO THE NORTH AND EAST.
! Daily.| Daily.
| No. 34.) No. 36.
Lv Savh. (Cent. Time) 12 25pm 12 30am
Ar Blackville (E. Time) 4 12pm 4 28am
Ar Columbia ’’.... 5 50pm 6 15am
Ar Charlotte ”.... 9 00pm 9 56am
Ar Greensboro ■ u 42pm U4Spm
Ar Norfolk ’’.... 8 30am 10 40pm
Ar Danville 12 48am 163 pm
Ar Richmond 6 00am 6 40pm
Ar Lynchburg TwamfTiSfiwi
Ar Charlotte*ville...”.. 4 38am 6 53pm
Ar Washington 7 35am 9 00pm
Ar Baltimore ”.... 9 15am 11 36pm
Ar Philadelphia U 35am 2 56am
Ar New York 2 OSpfft 8 18art
A * Boston 8 JOpwi 300 pm
TO THE NORTH AND WEST.
Lv Savannah fCettt."Time) 12 30am
Ar Cblumbia (East. Time) 6 15am
Ar Spartanburg ” 10 20a
Ar Asheville (Cent. Time) 1 00pm
Ar Hot Springs ” 335 pm
Ar KnOxvllle ’’ 7 10pm
Ar Lexington 6 55am
Ar Cincinnati ” $ loam
Ar Louisville ’’ > 40*TO
Ar St. Louis ...,,1 6 36pm
Train* arrive Savannah as follows;
No. 35 daily from Naw York. Wash
ington and Cincinnati 4:50 a. ffi.
NO. 33 daily from New York and
Washington, 8 0S p. m.
All trains arrive and depart from
the Plapt System statien-
THROUGH CAR SERVICE. ETC-
Trains 33 and 34 daily NEW YORK
AND FLORIDA EXPRESS. Vesti
buled limited trains with Pullman
drawing room sleeping car* between
Savannah and New York. Connect at
Washington with Colonial Express for
Boston. Pullman sleeping cars between
Charlotte and Richmond and Charlotte
and Norfolk. Dining cars serve all
niaald between Savannah and Wash
ington.
Train* 35 and 36 dally, THE UNITED
STATES FAST MAIL. Vestlbuled lim
ited trains, carrying Pullman drawing
room sleeping cars between Savannah
and New York. Dining cars sarv# alt
meals between Savannah and Wash
ington. Also Pullman drawing room
sleeping cars between Savannah and
Cincinnati, through Asheville, and "The
Land ot the Skv.”
For information as to rates, sched
ules, etc., apply to
F. S. GANNON, 3d V. P. and G. M.
S H HARDWICK. G. P. A.. Wash
ington. D. C.
W. H. TAYLOB. A- G. P. A., Atlanta-
R C. BLATTNER. Depot Ticket
Agent. Plant System Station, Savan
nah. Ga.
E. G. THOMSON. C. P. A T- A,. Sa
vannah, Ga-, 141 Bull street. 'Phone
850.
do do 3s, registered 108%
do do 3s, coupon 108%
do new 4s, registered 187
do new 4s. coupon 137
do old 4s, registered 112
do old 4s, coupon . 113
do Is, registered 107%
do ss. coupon - 107%
Atchison, general 4s 168%
do adjustment 4s 96%
Baltimore and Ohio 4e 102%
do do 3%s 96%
do do conv. 4s 105%
Canada Southern 2nd* 107
Central of Georgia 5s 106%
do do Ist inc 80
Central of Georgia, 2nd income#... 31%
Chesapeake and Ohio 4%s 104
Chicago and Alton 3%e 84%
Chicago, B. and Q. new 4s 96%
Chicago, M and St. P. gen. 4*. ..110
Chicago and Northw. consol 7s. ..137
Chicago, Rock Island and Fa. 45.105%
C., C., C. and St. L- gen. 4s 103
Chicago Terminal 4s 93%
Colorado and Southern 4a' 87%
Denver and Rio Grande 4e ..- ~-191%
Erie prior lien 4s 98%
Erie General 4s , 87%
Fort Worth and Denver City 1et5.103%
Hocking Valley 4%s 106
Louisville and Nashville Unified 4s. 101
Mobile and Ohio 4e 93%
Mexican Central 4s 85
Mexican Central Ist inc 32%
Minn, and St. Louis 4s 193
Missouri, Kansas and Texas 4s .... 99
do do 2nd* 82
New York Central lsts J 05%
New York Central gen. 3%s 109%
New Jersey Central general ss. ..139
Northern Pacific 4s 104
Northern Pacific 3# 71%
Norfolk and Western consol 4s 102%
Reading General 4s 95%
St. L. and Iron Mountain c0n.50.115
St. Louis and San Francisco 4s. ... 91
St. Louis Southwestern lsts 97
St. Louis Sw. 3nd# 75%
San An. and Aransas Pass 4s 86
Southern Pacific 4s 92%
Southern Railway 5s 116%
Texas and Pacific lets U 9
Toledo, St. L. and Western 4s 84
Union Pacific 4s 10<%
Union Pacific conv. 4s 196%
Wabash lsts 118%
do 2nds 110
do Deb. B 62%
West Shore 4s 112%
w. and Lake Erie 4s 91
Wisconsin Central 4s 88%
Vlrginia-Carolina Chemical C 0... 60
do do preferred 130
Baltimore, Sept (.—Seaboard com
mon, 2775038; do preferred, 60%*51.
do 4’e, 8274083.
New York. Sept. 9.—Standard Otl 785
@775.
.—alii m 1 nil Mu
Morphy 4c Co’. Steels Lottor.
New York, Sept. 9.—Wholly an ac
count of the encouraging new* regard
ing the condition of the president con
tained In Sunday’s and this morning’s
intelligence from Buffalo, the stock
market opened active, and at an ad
vance which extended to 2 and 3 points
in a number of cases. The buoyant
tone of the trading at the opening was
furthered by the extremely extensive
advances scorsd In American stocks in
London, where St. Paul was quoted
fully 3 points above Saturday’s local
closing prices. The London market was
strongest, It is needless to say. under
th* same Influence effective In the lo
cal dealings Sentiment was addition
ally strengthened by the assurances
made by the Clearing House Commit
tee that no depressing stringency
would be permitted in the development
of the money market. Expectations of
early importations of gold might be
cited as one more factor In the strength
which the market showed. Notwith
standing the advances the trading was
marked by no little feverishness, and
wide fluctuations were noted after the
initial dealings. Particularly active
features o< th* market were St Paul,
the Atchisons issues, Union Pacific, the
Eries and the Southern Rallawy shares-
Among the specialties, Amalgamated
Copper, People’s Gas and Colorado Fuel
and Iron were all particularly active,
but underwent the same wide move
ment that appeared In the railway list.
London dealings in this market were
in fairly large volume, but were con
ducted on both sides of the market.
MISCELLANEOUS MARKETS.
Note—Those quotation* as* revised
dally and are kept as near as possible
In accord with the prevailing whole
sale prices. Official quotations are not
used when they disagree wtth the
price, wholesalers ask.
POULTRY—Hens, 70@80c; roosters,
50c: duck., 65@70c.
EGOS—Fresh country, 16c.
BUTTER—The tone or the market ts
firm. Quotations; Cooking, 170; New
Plant System
of Railways.
Trains operated by 90th meridian time*.
One hour slower than city time.
Departures from Savannah.
SOUTH“aND' WEST.
No. 23* New York and Florida
Express 3:30 am
No. 53* Fast Mail 5.00 am
No. 36* Florida and West India
Limited 8:05 am
No. S3* New York and Florida
Fast Mail 3:15 pm
No. 25* Local 5:00 pm
NORTH~AND~EA3T.
No" it* New York and Florida
Express i: am
No. 6a Local 5 30 am
NJ- *j> Sunday Excursion 7:00 am
No. 32* Florida and West India
Limited pm
Ng-. Sunday Excursion.... 7.00 pm
‘Dally, a Duly except Sunday rofiun
only.
Connection at Jacksonville with t*lor-
Ma East Coast, at Miami and Port
Tampa with Peninsular and Occidental
Steamships for Key West and Ha
vana.
Connections at Waycross for Thom
asvfiie and all points west.
Connection* at Jesup for Brunswick.
Connections at Charleston with At
lantic Coast Line for all points Ekst.
Pullman Sleeping Cars on limited add
express trains.
For detailed information call at
Ticket Office De Soto Hotel. Savan
nah. *
WARD CLARK. City Ticket Agent.
J. H. POLHEMUS. T. P. A.
B- W. WRKNN, Pass. Traffic Man-
Mwr.-.. .
jfUS
Schedule Effective, Sept. 8, 1901.
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 Arrive
Savannah: , Savannah:
| Augusta. Macon, I
Atlanta, Covington.l
*8 45am| MiHedgeville, Am-| *6 00pm
jericus, Albany andl
(intermediate points!
".(Statesboro, Stlllmore
48 45am| ar.d Bri'tor. 46 OOpat
Augusta, Macon,
Atlanta. Athens,
Montgomery.
•9 00pm Columbus, Birmlng- *7 00am
ham, Amertcus,
Albany, Eufaula,
and Troy
Dover
I 6 00pm and Statesboro , 5 7 48am
Accommodation- 1
| Dover. Statesboro, |
• 3 OOpml Stlllmore and |• 11 30am
Guyton |
110 -OOpml Accommodation. )I 6 00am
between savannah and’ 4y*
BEE
Standard (90th meridian) tima, on*
hour slower than Savannah city time.
LEAVE SAVANNAH.
Daily—9:oo a. m., 2:30 p. m.
LEAVE TYBEE.
Dafly— 9.50 a. m.. 4 50 p. m.
•Daily. SExcept Sunday.
Connections made at terminal points
with all trains Northwest, West and
Southwest.
Sleeping cars on night trains between
Savannah and Augusta, Macon, At
lanta and Birmingham.
Parlor cars on day trains between
Savannah, Macon and Atlanta.
Tor complete information, schedule*,
rates and connections, apply to
W. 6. BREWER. City Ticket and
Passenger Agent, 107 Bull street, or
W . ft. McINTIRE. Depot Ticket
Agent.
J. C. HAILE. General Passenger
Agent
E. H. HINTON, Traffic Manager.
THEO. D. KLINE. General Superin
tendent. Savannah, G.
Double Daily Service
The short line to Norfolk, Washing
ton. Baltimore, Philadelphia, New
Tork and the East.
Effective, Sept. 1. '
ARRIVALS OF TRAINS.
FROM
No. 27 North and East 4 53 am
No. 31 North and East 1 47 pm
No. 36 Brunswick and Darien.. 10 10am
No. 44 Jacksonville and Florida. 2 0B pm
No. 72 Montgomery and West... 860pah
No. 74 Helena and local points.. 816 am
No. 88 Jacksonville and Florlda.il 37 pm
DEPARTURES OF TRAINS
FOR
No. 37 Jacksonville and Florida- 5 00 am
No. 31 Jacksonville and Florida- 1 55 pm
No. 35 Brunswick and Darien. 4 *0
No. 44 New York and East 8 10 pm
No. 71 Montgomery and West.. 7 36am
No. 78 Helena and local stations 6 30 pip
No. 66 New York and East 11 45 pm
Pullman buffet sleeping
car service to Norfolk, Washington.
Baltimore. Philadelphia and Nfw
York; also to Jacksonville and Tarapg.
Solid train to Brunswick. No change
of cars-
Buffet parlor cars, Savannah ts
Montgomery.
For additional information, apply to
Ticket Office. Bull and Bryan streets;
’phone 28.
Tork. state dairy. 19c; extra Elgtaa.
23%c.
CHEE3E— Market trai; fancy, full
cream cheese, 18%c for 30 to 22-pousd
average, 28 to 30-pound averages. 12c.
Early Vegetable*.
POTATOES—43 00 per barreL
ONlONS—Native, barrel*, $.3.7504.06;
crates. 81-26.
CABBAGE—S2.OO crate.
Bread etafl. hay aad Grain.
FLOUR—Market steady; patent,
*4.35; straight, $3.90; fancy, 83.40, fam
ily, $3.40; spring wheat, best patent;
$4.75.
MEAL—Pearl, per barrel, $3.85; pOr
eack. $1.75; city meal, per sack, bolted,
81-65; water ground, *1.70; city grits,
sacks, *1.70: pearl grits, Hudnuts, per
barrel. *3.95; per eack. $1.15; sundry
brands. *1.86.
CORN—The markot firm; whits. Job
lots. 81c; carload lots. 79c; mixed corn.
Job lots, 80c; carload lots. 78e.
RlCE—Market steady; demand good;
fancy bead. 6c; fancy. 5%c.
Prim* I
Common ... 3%
OATS-tNo 2 mixed, carload. 49c; JAb
lots, 51c r white clipped, cars. 51c; Job
lots, 53c.
ajontinuea on 'Eighth Pa* 1
9