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TRADE AND FINANCE
ll!SE IX THE MAKKETS WAS UN
KYPBITED IK SOME (tUARTBBS.
COTTON FUTURES 15 TO 20 UP.
JT WAS ANOTHER CASE OF tKe
IKEVPEtTEfI HAPPfediKS.
jdPV *f Openluß Light Deiuail Wot
Supplied Buyer* UeKun BldilinK
:i3’*c for Spirit*—Boltin* Firm and
in Llsht DHuaitil-Herr York Stocks
Higher—Local and Telegraphic
Market*.
The Morning News Office,
Monday, Sept. 16.
The rise In cotton futures at New
York to-day, and in fact the rise in
nearly all the markets, attracted at
tention among thfe trade owing to the
fact that the expected did no happen.
In marke movements it is always the
unexpected that comes, and this was
true tb-dky in neatly all lines. Cotton
futures cdme in With an advance of
15 to 20 poihts, When a drop was look
ed for ih rhahy quarters Owing to the
nervousness caused in trade circles
over the President's death. Then New
Pork stocks rose and closed firm arid
active at the top level, trading was
buoyant in other lines, going to show
that the effects of the President’s
death had been pretty well diseourited.
The hartimerlng of spirits of turpen
tine was the feature in the local sit
uation. BuyePs took sparingly of the
offerings, as they look for declines,
and do not wish to get in at the high
level. One iarge buyers covered to
day’s market with a bid of %e undqr
the official market for a round lot. It
was not understood, however, that any
sales were made on this basis. Rosins
dosed firm and in light demand. The
wholesale markets ruled steady. Owing
to the holiday jriahy of theth had an
accurriulatlon of orders on hand and
were compelled to work Into last night
to catch Up. Spot critton Was in fan
demand. F. O. B. cotton was also, in
rierharid, bUt the Offerings Were rather
limited. The following resume of the
markets will show their tone and quo
tations at the closing to-day:
CGI-TbSi.
The spot cotton market closed steady
to-day. Sales of 740 were reported
from factors’ tables, the receipts
were 3.218. In the f. o. b. branch the
demand was reported as fairly good,
with the offerings rather backward.
Fully good middling was currently
quoted arbUnd B%C, and gOod middling
7 15-16 to Bc. Cotton futures at New
York dosed steady at a net rise Of
15 to 20 points.
The following were the official spot
quotations at the close of the market
at the Cotton Exchange to-day:
I This! Last
I day. [year.
Hood middling ' I?] lIOTS
Middlihg *794 1094
Low middling \~Yt 110%
Good ordinary j |
Market steady; sales, 740.
Savannah Receipts. Exports. Stocks:
Receipts this day $.215
Receipts this day last year 6,965
This day year before last 7,669
Receipts since Sept, i, 1901 21.308
Same time last year 68,675
Continent ;. ......
Experts, coastwise i,875
Stock on hand thih day 12,293
Sttttie day last year ........... 45,400
Receipts and Stocks at the Pbrts;
Receipts this day 19,514
ReciptS this day last year 24,836
Receipts year before last 41,564
Receipts since Sept. 1 .146,370
Sante time last year 174,714
Same time year before ......350,432
Stock at the ports to-day 236,891
Stock same day last year 153,213
Daily Cotton Market—
Galveston —Holiday; net receipts,
6,184: gross, 5,184; stock, 65,764.
Norfolk—Steady; middling, 8; net re
ceipts, 533; gross, 533; sales, 38; stock,
4,256. Exports—Coastwise, 129.
Baltimore—Nominal; middling,-'B%;
Stock. 782.
Boston—Steady; middling. 8%; net
receipts, 3; gross, 372. Exports—Gteat
Britain, 210.
Wilmington—Holidajr; net receipts,
883; gross, 863; stock, 4,684.
Philadelphia—Quiet; middling, 8H;
net receipts, 6; gross, 6; stock, 1,865.
Savannah—Steady; middling, 7%: net
receipts, 3,215; gross, 3,216; sales, 683:
stock. 12,293. Exports—Coastwise, 1.875.
New Orleans Steady; fniddling.
7 15-16; net receipts, .8.597; gross, 8,597:
sales, 2,550; stbck, 34,575. Exports—
Coastwise,. 579.
Mobile—Steady: middling, 7%; net re
ceipts, 66c gross, 664; sales, 600; stock,
7,871.
Memphis—Holiday: net receipts, 117;
gross, 1,419: Stock, 20,920.
Augusta—Steady; middlihg. 774; net
receipts, 1.167; gross. 1,167: sales, T 43;
slock. 6,439.
charleston —Holiday: net receipts,
449: gross. 449; stock, 1,933.
Cincinnati —Quiet; middling, B'4; net
receipts, 411; gross, 411: stock, 8,187.
Loulsviiie—Firm; middling, 8H-
St. Louis—Quiet; middling, 8; net re
ceipts, 50; gross, 100: sales, 300; stock.
82.572.
Houston —Holiday; net receipts, T.BTS;
gross, T,5T5: stbck. 24.910.
New York—Quiet: middling, 854;
gross receipts, 8,659; sales, 2,710: stbck,
102,631. Exports—Great Britain, 4,083.
Total To-Day-Net. 19,314; Great
Britain, 4,293: Stock, 236,881.
Consolidated—Net, 31,711: Gt-eat Brit
ain,. 4,293: continent, 16,865.
Total Since Sept. I—Net 140,379;
Great Britain, 62,778; France, 11,243;
Continent, 40,437.
Charleston, Sept. 16 —Cotton market
steady; sales, 50; middling, 7 11- 16c.
SEA ISLAND COTTON.
Week ending Aug. 30.
~ ~~ ~ 1900-01. 1899-00.
Receipts, week 40 121
Receipts, season 51 153
Exports, week ft 432
Rales, week 31 72
Stock 459 1,357
COTTON FUTURES.
The Market Closes Steady 155720
Points Higher.
New York, Sept. 16.—The market for
cotton futures opened firm, with prices
801 ft points higher, these figures later
proving to be bottom for the sesSloh.
After the call the tendency tvas stead
ily upward Until an adVanctf Of 1601S
points had occurred, at which time the
feeling was very bullish, despite the
fact that new business came irt slow
ly. At no time during the forenoon
did the bear faction manifest the least
disposition to assume aggressive tac
tics, while Ihe bulls wbrb quick to take
advantage of every buying orders from
the outside to Support the market. Jan
uary monopolized attention most of the
time, though thS "talent" inclined to
place a portion of Its Interest In March
and In May contracts. The Initial rise
was laregly In kepeing with bUlllSh ca
bles, the latter reflecting an advance
of 2<f3 points In place of an expected
decline 0f.2 points.
Active demand for spot cotton, with
a further rive of 2 points In futubes
MURPHY & CO.. INC..
Board or Trade Building, savannah.
Private leased wires direct to New
York, Chicago and New Orleans.
COTTON, STOCKS AND GRAIN.
JJSF ' or * c Office, No. 61 Broadway,
trike.—P rl pe*Po> cities throughout
"fits for ohr Market Manual
and book containing instruction for
traders.
abroad, created a very favorable Im
pression throughout the trade here.
' e-y heavy rains over the central belt,
amounting to cloudbursts in many in
stances, led to the belief that the crop
must have been seriously injured, and
caused buying for a sharp advance.
Crop reports front Mississippi and Ala
bama were mueh less favorable than
of late. In the early afternoon the
market was very steady ahd at tithes
quite active, with prices holding well
up to top figures of the morning. The
South and Wall street bought with
greater confidence, while sellers were
scarce and for the rpost part consist
ed of buyer? on the opening. Advices
from Fall River and from dry goods
centers were very encouraging. Re
ceipts were liberal but still fell short
Of those for the same day last year.
The market was finally steady and net
15@20 points higher.
FLUCTUATIONS IN FUTURES.
New York, Sept. 16.—Cotton futures
opened firm and eiosed steady. Prices
as follows:
Open. High. Low. Close.
January ....7.54 7.53 7.52 7.60
February .; 7.61 7-55 7-61
Mkrch 7.56 7.66 7.54 7.63
April 7.55 7.55 7.65
May ........7.57 7.67 7.57 7.60
Sept 7.56 7.53 7.57
Oct ..; 7.46 7.57 7.45 7.55
Nov. .;......7.58 7.61 7.46 7.58
Bee .: 7.52 7.52 7.52 7.59
LIVERPbbL toTTON MARKET.
Liverpool, Sept. 16.—Spot, fair de
fnUnd, prices steady; American mid
dling fair, 419-32d. The sales of the
day were 10,000 bales, of which 500 were
for Speculation and included 8,400
American. Receipts 1,000, including 600
American.
Futures opened quiet and steady and
closed ftha- Aifiericari middling, low
middling clause; September, 4.31d, sell
ers: good ordinary clause,
October, 4.21d, sellers: Oc
tober-November, 4.17d, buyei-S; N6-
rember-Deeember, 444®4.i5d, bUyerS;
Decembet-January, 4.14d, sellers; Jan
uary-February, 4.14d, sellers; Febru
ary-March, 4.lid, sellers; March-April,
4.ltd, buyers; April-May, 4.14@4.15d,
sellers.
NEW ORLEANS COTTON FUTURES.
New Orleans, Sept. 16.—Cotton fu
tures steady.
September, bid 7.69
petober 7.50@7.52
November ........ 7.47@7.49
December 7.47®7.48
January .....: .7.47@7.4S
February 7.47®7.49
March 7.47®7.49
April 7.47@7.49
May 7.49@7.50
Murphy A C*.’ Cotton Letter.
New York, Sept. 16.—There was a
rally of 5 to 14 points in the early cot
ton market to-day. Cables showed a
satisfactory advance arid so far as
the change bf admiriistfatioh was cbn
cerned the feeling was that the mar
ket will remain undisturbed. Atten
tion was again diverted to the crop,
and weather condition. Texas is hav
ing an immense amount of rain in the
central part of the state, but this can
be of little or no value to the Crop, and
is having no effect on the market. On
the Other hand the claim is set fortli
that rains now w r i!l only put the crop
in worse shape. Prices at the end of
the first hour showed 15 poihts ad
vance. The fact appeared to he Fhat
everybody sold short last week on the
news from Buffalo, and now the world
is taking a hopeful Vietv, Sellers are
anxious to buy brick. Expectations
are that we shall witness a much bet
ter market. At Liverpool prices ad
vanced five points. Receipts at the
ports Were 13,000, against 25,000 last
yeat-; rind tHe light movement Is at
tracting attention everywhere. Ad
vices through reliable sources show
,that Atlantic states developments
have been unfavorable for the crop
for the past month, and decided deter
ioration has resulted. It is significant
that these reports come from parties
who were quite positive in the state
ment a month ago or less that the crop
Fris doing nicely and that claims of
backwardness w’ere simply fabrica
tions. The main cause for complaint
appears to be rust, and the conclusion
is that the crop is decidedly spotted.
It is falling fast in some sections and
those whb previously ridiculed the
probability of damage notv concede
that there is justification for the re
ports of deterioration. It is also to be
noted that Texas has had the biggest
rains of the season the week past, but
for helping the crop there it is con
sidered out of the question.
H. A B. Beer'* Cotton Letter.
New- Orleans, Sept. 16.—The publish
ed utterances yesterday of President
Roosevelt in which he stated that he
Intended to follow the policy mapped
but by Mr. McKinley, and the fact
thrit he aSked all the members ot the
cabinet to retain their positions, re
vived confidence and caused a sharp re
action in Liverpool. Our market re
sponded by opening 17®19 points high
er, eased off slightly later, but again
became firmer on reports of damaging
heavy rains in the Mississippi valley,
rind the moderate movement, closing
26(55.21 poihts higher on the day.
The improvement established was
predicted especially on President
Roosevelt’s statement that he intended
to carry out the policy of his predeces
sor. Many w-ere tearful that he might
not, but we on several occasions pre
dicted that he W-ould, and are pleased
to Srib that our vlfew-s w-ere confirmed,
since it meahs so tnuch to the pros
perity of our country. The result of
taking this Stand was to immediately
insptt-e confidence and occasion a bet
ter feeling. Nbw- that the uncertainty
which existed has been removed, le
gitimate feature from now on will reg
ulrite values. TVe think the reaction
established was only natural under the
circumstances, but unless the demand
for spots increases we do not believe
speculation for the moment Is strong
enough tb sustain the markte. especial
ly w-hen we consider the unsatisfac
tory trade conditions prevalent in Eu
rope.
Hnbbnrd Bro*. A Co.’s Cotton Letter.
New York, Sept. 16.—The recovery
financial.
JOHN W. DICKEY,
Stock and Bond Broker.
AVGUSTA, OA.
Write for List.
BfiSTI WALL ST.
Money will esrn big monthly return*.
The investor * fund pays semi-monthly.
The Oldest established In American. No
certificate holder hß* ever lost a cent.
Payments made to all subscriber* every
day. No trouble. No delay. Money re
funded on demand. Write to-day for par
ticulars fre* to any address,
tic *, C. E MACKEY A CO.,
Hudson Building. New York.
THE MORNING NEWS: TUESDAY, SEPTEMBER 17. 1901,
MlltMfil.
Capital $350,000.
JOSEPH D. WEED, President.
JOHN C. ROWLAND, Vice President.
W’M. F, McCauley, Cashier.
8. L. CLAY, Assistant Cashier.
A general banking and exchange busi
ness transacted.
Savings Department, Interest computed
quarterly.
Account* of merchants, banks fcnd cor
porations solicited.
American Express company’s letters of
credit issued available in all parts of the
World.
Collections chrefully made and promptly
accounted for.
Safety deposit boxes and storage vaults
for rent.
Correspondence invited.
which begriri this morning in Liverpool
continued to the bloke, which was
firm at the best prices. Here the ad
vance has been upon* small trans
actions representing the buying by the
koiiers of lafct week. Heavy ritlris in
Mississippi on Saturday arid Sunday,
together with the probability of a
rather unfavorable Weekly crop report
to-morrow stimulated this dernand apd
sellers tvere feW pending further de
velopments as to the aetiori of sptri
ners on this advance. A reaction was
in order after the sharp decline of
last week, and the shock which the
country received has stopped neW
trarisabiions for the moment. Mer
chants wait to take a fresh view, Jlut
we expect that business will continue
on the same scale with only a momen
tary break.
DRY HOODS.
NeW Fork, Sept. 16—The general de
mand for cbtton goods has been quiet
to-day without material change in tone
or prices. All descriptions of mourn
ing goods, fcolid blacks and others, have
been in good demand and prices are
irregularly higher. Stocks Of black cot
tons hers are limtied. Print cloths are
quiet and unchanged. No change in the
general run of prints or ginghams, nor
ih white goods.
NAVAL STORES.
Monday, SSpt. 16.
SPIRITS —The turpentine market
opened firm at 34c, with sales of 220,
and closed firm and unchanged, with
further sales of ITT. AYhile there was
some inquiry throughout the day the
demand was regarded as light, and
the day closed with factors carrying
over a part Of their holdings. After the
closing one large buyer was bidding
3344 c for a round lot, but it was not un
derstood that any transactions were
made. The receipts were 916, and the
exports. 256.
ROSIN—The rosin market blokfed fea
tureless at the prices given below. The
demand was light, arid little was doing
at any time during the day. The only
sales were 210 reported at the opening
call. The receipts Were 2,852, and the
exports 4,059. Prices as follows:
A, B, C $ 95 1 |i 35
D 1 00 K J 75
E 1 05 M 2 20
F j 10 M ? 70
<3 - 1 is w. 0 110
H , 1 20 W # 3 50
Receipts Mohday—
Spirits. Hdsin.
C. R. R 273 804
S., F. ft W 40S 998
9. A. L. 224 790
Schdbner Mary Everett.. 16 60
Exports—
S. S. N<Av Orleans, Balto 1,550
S. S. City of Birming
ham. New York 250 2,509
Naval Stores Statement—
Spirits. Rosin.
Stock April 1, 1901 5,705 135,841
Receipts to-day . 916 .2,652
Receipts previously 202,840 519.021
Total since April 1..209,461 657,614
Exports to-day 250 4,669
Exports previously ..191,158 486,537
Exports sinee April 1...19L408 490,596
Stock on hand to-day 18:053 166,918
Same day last year 39,772 125,632
Charleston, Sept. 16.—Turpentine
market firm at 38c. ROSin firth and
unchanged.
Wilmington, Sept. 16.—Spirits turpen
tine quiet. 38%c; receipts, 48.
Rosin firm, 95e®51.00; receipts: 118.
Crude turpentine quiet and steady,
$1.00@1.90; receipts, 87.
Tar firm, $1.35; receipts, 181.
New Orleans, Sept, 16.—Rosin, re
ceipts, 118 barrels. Turpentine 26.
New York. Sept. 16.—Rosin steady;
Strained, comhlon to good, sl-40.
Turpentine steady; 80%@37c.
FINANCIAL.
MONEY—Money, easy.
FOREIGN EXCHANGE Markets
weak. Commercial demand, $4.84%;
60 days, $4.82; 90 days, $4.81; francs,
Paris and Havre, 60 days, $5.22%;
Swiss, 60 days, $5.23%; Belgian, $5.24%;
marks, 60 days, 94 3-16; 99 days, 94.
DOMESTIC EXCHANGE Steady;
banks are buying at % discount and
selling as follows; $25 and undet, lOc
premium: $25 to SSO, 15c premium; SSO
to SIOO, 20c. premium; SIOO to S2OO, 25c
premium: S2OO and over par.
SECCRITIES-But little IS doing In
securities these days.
snick*.
Bid. Ask.
Augusta & Savan. ft. R...... 115 116
Atlanta & IVest Point ...;—140 150
do 6 per cent, certificates..lo6 107
Augusta Factory 80
Citizens Bank 137 139
Chit. & Guit R. R. stock—lo 7 ljn
Chatham Bank 80 82
do R. E. A 1. Cb. A....:.... 54% 55
do do B 53% 54
Eagle & Phoenix Mfg. C 0.... 100 105
Edison Electric Ilium. C0....110 112
Enterprise Mfg. Cos 99 101
Germania Bank .......133 135
Georgia Railroad, c0mm0n...230 235
Graniteville Mfg. C 0.160 165
J. P. King Mfg. C 0... ;. 95 100
Langley Mfg. Cos ............. .105 110
Merchants’ National Bank .120 122
National Bank of Savannah. .150 165
Oglethorpe Sav. * Trust C0..112 113
People’s Savings and Loan .100 10l
Seaboard common 28 29
do preferred 61% 52
Southwestern R. R. Cos 115 116
Savannah t?as Light C 0...... 22% 23%
Southern Bank 100 161
Savannah Bank and Trust.. 124 125
Sibley Mfg. Cos., Augusta .... 78 80
Savannah Brewing 90 95
Bond*.
Bid. Ask.
Char. Col. and Aug. Ist 6s,
1901 110 112
Chat, and Gulf R R. 6 per
cent. Ist mortgage ..... —lO3 104
Atlanta 4s. 1923 104 10$
Augusta city 4s, 192 T 104 106
do 4%5. 1925 ..11l 112
do 7s, 1903 103 104
do 6s, 1913 120 122
Ala. Mid. ss, ind'd 1928, M.
and N Y -l®7 108
Augusta Factory 8 per. cent.,
1915 HO 112
Brunswick and W. 4s, 1928 87 88
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. 6s. 1945, M. ,
and N 108 107
C. of G. Ist incomes, 1945 81 82
do 2d Incomes ;.... 31 32
do 3d Incomes, 1945 19 20
C. of G. (M. G. and A. Dlv.)
ss. 1947, J- Ahd D 100 101
City and Suburban R R. Ist
7* , 108 110
Columbus Cltv. ss. 1909 ...,.104 100
Columbus Power Cos. 58, In- ,
ESTABLISHED 1872.
HENRY BEJCIt. BERTRAND BEER.
EDUAR If. BHIUHT.
H. & B. BEER,
Cotton f Merchants,
NEW ORLEANS.
Members of New Orleans Cotton Ex
change. New York Cotton Exchange and
Associate Members Liverpool Cotton As
sociation.
Special attentiop fiVen to the execution
of contracts for future delivery In cotton.
dorsed by Bibb Mfg. Cos.
Macon : :....100 101
Charleston city 4s, 1909 99 101
Eagle and Phoenix Mills 6s,
J 928 106 107
Edison Electric 111. 6s 103 iO9
Enterprise Mfg. Cos. 6s, 1902.401 )02
G. R. R. 6s, 1910 113 115
G- S. and F., 1945, J. and J. . 11l 112
(jeoegia and Ala. cons. 55...406 107
Georgia state B%S. 1930, J.
and, J. ~ 106 107
do 3%5, 1915, M. and N 104 106
. do 4%5, i915 I}3 116
Maeon rltir 6s. 1910 J. and J.US 116
. 30 4%5, quar. gen 109
Ocean Steamship ss. 1920 106 108
Savannah city 6s, briar.,
October, 1913 108 109
Sirannah city ss, due 1909
November coupons 107 108
Seaboard 4s 84 85
South Carolina state 4%5,
1933 112 US
Sibley Mfg. Cos. 6s, 1903 100 102
Scuth Bound 5s 107 108
S., F. and W. gen. mt'ge 6s.
1934 125
do do Ist ss, gold, 1934 ~..115
do St. John Div. Ist 4s. 1924. 95 97
MONEY" MARKET
New York. Sept. 16.—Money on call
easier at 2®6 per cent.; last loan at 2%
per rent. ruiing rate 5% per cent. Prime
mercantile paper 5@5% per ceht. Ster
ling exchange heavy with actual bus
iness in bankers bills at $4.84%®4.85
for demand, and at $4.82%®4.82% for
Sixty days. Posted rates $4.88%@4.84
and $4.?6®4.86%. Commercial bills,
$4.82(3)4.82%. Brir silver 58%c. Mexican
dollars, 48%e. Government bonds
strong. State bonds inactive. Railroad
bonds irregular.
STOCKS AND BONDS.
■iftie Mnrket Active and Firm at the
Top Level of tlie Day.
New York. Sept. 16.—A rampant bull
stock market on the first day of trad
ing following the death by assassina
tion of the President of the United
States is an anomaly. Baldly stated,
{hat is what occurred to-day. No one,
even the most sanguine, was prepared
for the action Of tHe dayA stock mar
ket. Much Was heard on Saturday and
has been published since of the length
to which the lamentable outcome of
the President’6 hurt Had already been
discounted in the operations of last
week, and especially those Of Friday.
In part these assertions were made
with a view to influencing speculative
sentiment and fceping up the courage
of those who feared a collapse in the
market. Those riffio made the asser
tions sincerely probably had tie* idea
of the extent to whicH the recupera
tive forces in tile market would be af
fected. but supposed merely that de
moralization would be checked and the
market be abie to resist violent losses.
The day’s events Seemed to demon
strate a strong underlying confidence
in the future of business and the con
tinuance of the country's prosperity.
Powerful manipulation avowedly had
its part in the day’s rise in prices, es
pecially the opening, which was de
signed to Intimidate the speculative
bear elemeht. It not only had that
effect, btit caused a scramble to cover
On the part of uncovered shorts, -who
looked for a further decline.
There also was an abutment of the
orders to buy at prices below ihe mar
ket bri the part of the investors and
bargain hunters Which served as a
protection against bear aggression.
Thsrh was a considerable element as
well which looked for an opening break
in prices and hoped to secure bargains
by placing orders to buy at the mar
ket. As the event proved, the open
ing was from 3@6 points higher than
to the OWner* and Holder* of the
FIRST MORTGAGE PREFERENCE BONDS
——of thft~
Georgia & Alabama Railway.
You Will take notice that the Georgia
ahd 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, l9oi, redeem
jtnd pay off at 105 and interest all of its
First Mdftgage Preference Bonds, da
ted Ofet. Ist, 1593, 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
prefOrettcO bonds are hereby notified
to present the bonds tespectively held
oi Owned by them at the office of the
Baltimore Trust artd Guarantee Com
pany iri the city of Baltimore, Md , to
be then arid there redeemed and paid
off by said railway. Holders of First
Mortgage Preference Bonds may at any
time prior to Oct. ISt, 1901, surrender
the same, together with ail 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 in 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.
"IH6 PH'
111 111 11
lUUULII ULL
contains everything that is
good to make it the BEST
Rubber Belt on the market
to-day.
We carry this belt in all
sizes.
GEORGIA lUPPIY CO.,
"Everytbioic in Mill Supplies,”
I*o B*y St., B eft, Both Phone* ISOS,
on Friday afternoon. Theire was a
lack of confidence in thO SArly strength
Of th 4 market, arid there Were many
realizing movements during the day,
but the absorptive power of the buy
ing proved equal to all of these, and
with a steady uplift the trading closed
active and firm at about the top level
of the day. The solemn assurances
given by the new President of his pur
pose to maintain tH6 continuity bf the
governmental policies wss a relief to
capital’s conservative dread of change.
The day’s movement, however, was
based broadly on thfe assumption that
the derith of the President and other
favorable factors in the business out
look have been sufficiently discounted
in the movement of prices of securities,
With a promise of betterment in future.
Except iri speculative issues, Which
Were active and buoyant, the pHce
movement in railroad bonds and the
amount, of business done were not
large. Total sales, par value. $3,772,000.
United States new 4s ttdvhnced i per
cent, bn the laid erill. '
The total sales of stocks to-day were
991,900 shares, including Atchison, 66,-
100; Atchison preferred, 11,800; Balti
more and Ghto, 8,108; Canadian Prifclflc,
5,100; Chesapeake and Ohio; 5,300; Chi
cago, Indianapolis and Louisville, 9,-
000; Chicago, Great Western, 5,600;
Cleveland. Cincinnati, Chicago rind St.
Louis, 5,900: Erie, 78,500; Erie first pre
ferred, 9,400; Louisville and Nashville,
11,600; Manhattan, 32,100;, Mexican Na
tional, 7,900; Missouri Pacific, .15,800;
New Yoi'k Central, 6,400; Norfolk and
western, 9,600; Ontario and YVfestetn.
9,800; Pennsylvania, 16,100: Reading,
14,200: Reading second preferred, 5,900;
St. Paul, 60,500; Southern Pacific, 73,-
800; Southern Railway, 63,i6Q; South
ern Hailway preferred, 5,400; Texas
and Pacific, 7,000; Union Pacific, 77,700;
Wabash, 6,100; Wabash preferred, T. 100;
Amalgamated Copper, 76,100; American
Smelting, 7.10 p; Brooklyn. 2i,500; Peo
ple’s Gas, 7,600; HepUblic Steel, 6.100;
Sugar, 15,600: Tennessee Coal, 5,200;
United States Steel, 68,300; United
States Steel preferred, 40,400.
New York Stock nnd Rond List.
Railroad Stocks.
Atchison 76
do preferred 96%
Baltimore artd Ohtoi ................ 102
do do preferred 93
Canadian Pacific 110%
Canada Southern 76%
Chefeapeake and Ohio 46%
Chicago aHd Alton ?8%
do do preferred 77%
Chicago, Ind. and Louisville 43%
do do preferred 76%
Chicago and Eastern Illinois 127
Chicagd and western 23%
do do A preferred ..; 84
do do B preferred 48
Chicago and Northwestern —.....193
Chicago, Hock Island and Pacific..l4o%
Chicago Terminal arid Trans 21%
do do preferred 41%
C., C., C. and St. Louis 96%
Colorado Southern 14
do do Ist preferred 54
do do 2nd preferred 24%
Delaware and HudSori 163%
Delaware, Lackswannk and West. 224
Denvey and Rio Grande 40
do do preferred 94%
Erie 42%
do Ist preferred 70%
do 2hd preferred 57%
Great Northern preferred 183%
Hocking Valley 61
do do preferred 7?
Illinois Central ....144%
lowa Central 88%
do do preferred .. —.............. 71
Lake Erie and Western 63%
do do preferred 125
Houisviile arid Nashville 103%
Manhattan L ....118%
Metropolitan Street Railway ......163%
Mexican Central 24%
Mexican National .., 14%
Minneapolis and St. Louis 108%
Missouri Pacific ...........106%
Missouri. Kansas and Texas 28%
do do preferred 83%
New Jersey Central 162
New York Central ...164%
Norfolk and Western ..:... 54%
do do preferred 56%
Ontario and Western 23%
Pennsylvania ...: 144%
Reading 41%
do Ist preferred ; 75%
do 2nd preferred 52%
St. Louis and San Frrinclsco 46%
do do Ist preferred 78
do do 2nd preferred ............... 68%
St. Louis, Southwestern 30
do do preferred 63%
St. Paul 161%
do do preferred 188
Southern Pacific 57%
Southern Railway 32%
do do preferred 87%
Texas and Pacific 42%
Toledo, St. Louis and* Western 20
do do preferred ;...... 34
Hnlon Pacific ; 98
do do preferred 8s
Wabash 22%
do preferred 1 39%
Wheeling and Lake Erie 18
do do 2nd preferred 29%
Wisconsin Central 22
do do preferred ............ 42%
P„ C., C. and St. L 70
Express Companies.
Adams 175
American , .....; 190
JJpited States 93
Wells Faj-go ....... 160
Miscellaneous Stocks
Amalgamated Copper 109%
American Car and Foundry 29%
do dri preferred 85%
American Llhseed Oil 17
do do preferred 45
American smelting ahd RefirtlnA.. 46,
do do preferred 99%
American Tobacco 134
Anaconda Mining Cos 4j>
Brooklyn Rapid Transit 66%
Colorado Fuel and Iron 9s
Consolidated Gas 221
Continental Tobricto 67
do do preferred .........114
General Electric 269
Glucose Sugar 67
Hocking Coal 18
International Paper 2i%
do do preferred t 79%
International Hower ............... ?1
Laclede Gas 85
National Biscuit 43%
National Lead 19%
National Salt 40
do do prMM-red .................. 76
North American 98%
Pacific Coast 62
Pacific Mall 41%
People’s Gas ....109
Pressed Steel Car 40%
do do preferred 81%
Pullman Palace Car 210
Republic Steel 14%
do do preferred 66%
Sugar 130%
Tennessee Coal and Irofi 63%
Union Bag and Paper Company.. J 6%
do do preferred 73
United States Leather J 2%
do do preferped ••••• ?1%
United States Rubber 17%
do do preferred 52%
Unted States Steel 44%
do do preferred ...; 94%
YVestern Union ;; 91%
Bonds.
U. S. refunding 2s, registered..... 108
do do coupon ....108%
do 3s, registered 108
do do coupon ...108
do new 4s, registered 139
do do coupon .....139
do old 4s, registered 113
(lb do cotipon 113
do Bs, registered 108
do do coupon , 108
Atchison gbnetai 49 104
do adjustment 4 ?fl%
Baltlrriord and Ohio 4s 103%
do do 3%s 94%
do do conv. 4s 106%
Canada Southern 2nds 107
Central of Georgia 5s 105%
do do Ist Incomes ................ 79
Central of Georgia 2d Income* .. 29
Chesapeake and Ohio 4%* loR
Chicago gnd Alton 4%* 84
Southern
Railway.
Trains arrive and depart Skvanngh on
90th meridian time —orle hour iidwer
than city time.
Schedule Effective june w, tm.
TO THE NORTH AND EAST.'
i dMly fSm
|No. 34.]N0. 38.
Lv Savfi (Cent. Time) 12 2Bpth|l2 80am
Ar Blackville (E. Time) 4 12pm 4 28am
Ar Columbia ”.... 5 50pm 6 15am
Ar Charlotte ’’ 9 QQpm 9 55am
Ar Greensboro ll 42pm|l2 43pm
Ar Norfolk 8 30am 10 4<sih
Ar Danville ”.... 12 48am i s*pm
Ar Richmond 6 00am 6 40pm
Ar torncßburi 2 40am i OTprh
Ar Chat-iottesville...'’.. 4 35am 8 52pfn
Ar Washington ...” 7 35am 9 OOprti
Ar Baltimore ".... 9 15am U SBpffi
Ar Philadelphia 11 35am 2 56am
Ar New YbHt ; 09prii 8 13ttffi
Ar. Boston *.,,, 8 20pm 300 pm
__jrirfHE NOFTFiFAND Wes¥. ~
Lv Savannah (Cent. Time)..... 12 80am
Ar Columbia (East. Timfe) 6 16am
Ar Spai-tanbutg 10 20am
Ar Asheville tcfent. Time) 1 OOpm
Ar Hot Springs ” 8 89pm
Ar Knoxville T 10pm
Ar Lexington ” 6 55am
Ar Cincinnati ".. 8 lQam
Ar Louisville ” 8 40am
Ar St. Louis .” 6 96pm
Trains arrive Savannah as fot riws:
No. 38 daily from NeF York, Wash
ington ahd Clncihnati 4:60 a. rh.
No. 33 daily from New York and
Wasftihkton: 8:05 |). hi.
All trains arrive arid depart froth
the Flatit System station.
THROHGH CAR SERVICE. ETC.
Trains S3 and 34 dilly NEW YORK
ANb FLORIDA EXPRESS. . Vestl
buled limited trairts vrlth PUliman
drawing room sleeping cars between
Savannah and New York. Connect at
YVnshlngton with Crilortiai Express for
Boston. Pullfrtkn Sleeping cars between
Charlotte and Richmond and Charlotte
and Norfolk. Dining cars serve ail
meals between Savannah and Wash
ington
Trains 35 and 36 dailji, THE UNITED
STATES FAST MAIL, VesttbUled lim
ited trains, carrying Pullman drawing
room sleeping cars between Syvannah
arid New York. Dining oars serve all
medls between Savannah and Wash
ington. Also Pullman drawing room
Sleeping cars between Savannah and
Flriclnnatl, through Asheville, rind ‘’FHe
Land of the Skv.”
For Information a* to rate*. Sched
ules. etc., apply to . . ,
F. S. GANNON, 3d V. P, ah(4 G, M.
s H. HARDWick, a. P. A., Wash
ington, D. C,
W. H. TAtLOte, A, G. p. A., Atlanta.
R. C. BLATTNER. Depot +lck4t
Agent, Plant System Station, Savan
nah, Ga.
E. G. THOMSON, C. P ft T. A., Si
vdhttah, Gri., Hi Bull street. 'Phone
850
Chicago, Burlington and Q. new 4s ?6%
Chicago, M. and SR. Paul gen. 45,;410
Chicago and N or thwestern cop. 7*440
Chicago. Rock island and P. 45....105%
C.. C., C. and St. Louis gen. 45...ip3
Chicago Terminal 4s 93
Colorado and Southern 4s ;....... 8"%
Denver and Rio Grande 4s 101%
Erie prior lien 4s ;.. 98%
do general 4s, 88%
Fort Worth and Denver City 15t403%
Hocking Valley 4%s ~ ......406%
Louisville and Nashville Unified 4s. 101%
Mobile and Ohio 4s 94
Mexican Central 4* ...; 85
do do ist incomes 32%
Minneapolis and St. Lpuls 45.....102%
Missouri, Kansas and Texas 45.... 98%
do do 2nd* 83%
New York Central Ists ...........405%
do do general 3%s ...........;; ..)07
New Jersey Central general 55....128%
Northern Pacific 4* 104%
do do 3s ;... 72%
Norfolk and Western consol 4*...102%
Reading general js 95%
St. L. and Iron Mountain con. 55.U6
St. Louis and San Francisco 45... 95
St. Louis, Southwestern 15t*..;... 97%
db do 2nd* 78%
San Antonio and ArattSas Pass 4s. 86
Southerh Pacific 4s w 91
Southern Railway fis 116%
Texas riml Pacific lsts 118%
Tbledb, St. i,. And WSilebri 4ri 83%
tjflibh Pabific 4S ..104%
do do conv. 4s :....106%
Wabash ists 119
do 2nds 110%
do dbb B 62%
West Shore 4s .....H9
Wheling and Lake Erie 4s 91%
Wisconsin Central 4s 88%
Ve.-car- Chemical 60
Va.-Cgr. (jherhlcal preferred ~ 122
New York, Sept. 16.—Standard Dll,
7555>705. .. . . . ....
Baltimore, Sept. Is.—Seaboard com
mo, 27%(®27%; do prefererd, 50%®50%;
do 4s, 83%#8354.
MtirplG A t’b’S stock LeHAe.
New York, Sept. 16 —Several distinct
factors could be cited in connection
With this morning's noteworthy open
ing In the stock market. Chief among
them by all odds were.the stirring and
loyal utterances of Mr. Roosevelt at
Buffalo prior to his being swrorri Iri a*
President. The formal settling of the
steel strike, and the more encouraging
showing by banks on Saturday also
played their part. Yet another influence
was the quick recognition shown In the
London market of the stable industrial,
financial and political situation in
America. Our stocks showed advances
there which extended from 1 point to
nearly 4 poiritk, thariy of the active Is
sues showing the latter approximate
advance. Foreign houses had exceed
ingly heavy buying orders here which
were executed In lat-ge amounts ti-neh
business started. The more conspicu
ous features at the opening were St.
Haul, Union Hacinc, the Atchison
shares, the Eries, arid NofthFestetri.
and the Southern Railway. Aihbrig
Industrials, the United States Steel
Issues advanced rapidly, and Sugar
pinde an almost spectacular advance.
Noteworthy Improvements among the
specialties were In Amalgamated Cop
per. Consolidated Gas and People's
Gas. The locAl Traction issues we be
comparatively neglected, but other
wise interest was will distributed. It
was evident from the trading that last
week's diseoufaging event* hrid led to
the formation of a very large short
interest in the market, anti It was the
reduction in the coriimitrrients of this
kind that accounted for many.of the
more extreme initial Oil the
other hand Mr. Roosevelt’s plain and
unaffected statement was the subject
of unqualified rommehdatlbh and urt
drilibtedly acebunted for the note
worthy Increase in business reported
by commisslbri house*.
MISCEIXANEOI S MAIt K RTS.
Note—These quotations are revised
dally and are kept as near as possible
In accord with the prevailing whole
sale prices. Official quotations are not
used when their disagree with the
prices wholesalers ask.
POULTRY—H<*ns, 70@80c; roosters,
50c: ducks. SajfTOc.
FOGS—crash country. ifte.
BUTTER—'The tone of thft market Is
firm. Quotations: Cooking; 18c; New
York state dairy, 21c; extta Elgin*.
2S%e. . __ .
CHEESE—Market firm.; fancy, full
cream cheese, 1214 c fob 20 to 20-pound
average, 28 to 30-pout)d averages, i2c.
Early Vegetables.
POTATOES—*3.OO per barrel.
ONIONS Native, barrels, *3.7504.00;
crates,. *1.25,
CABBAGE-*2.00 crate.
UreadetuKe, bay and Orsie.
FL.QUH—Market steady] patent,
Plant System
of Railways.
Trains operated by 90th meridian time—.
One hour slowet than city time.
Departures from Savannah.
SOUTH AND WEST. ~
ffm 23* HeW York and Florida
Express 3:30 an*
No. 53* Fast Mail 5;00 am
No; 35* Florida and West India
Limited 8:05 am
No. 33* New York arid Florida
Fast Mall 3:15 pm
No. 25* Local 5:00 pm
XORTH ~AND EAST;
Hri. 78* New York and Florida
Express 1:30 am
No. 6a Local 5.30 am
?• eo Sunday Excursion 7:00 am
ri-,®-* Florida arid West India
Limited 12 35 pm
No. IQo Sunday Excursion;... 7:00 pm
’Daily. aDaily eicept Sundriy. ((Sun
days only.
Connection at Jacksonville with Flor
ida East Coast, at Miami and Pbrt
Tampa with Peninsular and Oecldefltal
Steamships for Key West and Ha
va ha.
Connection* at WaycrdSS for Thom
asvllle and all points west.
Connections at Jesup Brunswick.
Vpuue.ctioris at Charleston with At
lantic Coast Lirie for all points Bdart.
Pullman Sleeping Cars on limited and
express trains.
For detailed Information call at
Ticket Office De Soto Hotel, Sarifi
nah.
WARD CLARIf, City Ticket Agent.
J. H. POI.HEMUS, T. P. A.
B. W. WRENN, Hass. Traffic Mafi-
Ager.
1 ....... ■r! i t ■
0$
ftitiEORGlA
nYCft J
Schedule Effective, Sept. 8, 1961.
Trains arrive at and depart from Cen
tral Station,, West Broad, foot Or
Liberty street.
90th Meridian Time—One hour slower
than city^time.
Leave Arrive
Savannah: Savannah:
j Augusta, Mdcon.l
lAtlantft, Covington,!
*8 4Dam| Milledgeville, Am- |*6 00pm
jericus, Albany arid
(intermediate points
IStatesborb, Stillmore
IBj4saffi| and Bruton. !6 00pm
Augusta, Macon,
Atlanta, Athens,
Montgomery, .
•9 00pm Columbus, Blrmtng- *7 00am
ham, Americus,
Albany, Etifauia,
ahd Troy.
Dover
I 6 OOpm and Statesboro J 7 48am
. Accommodation.
| Dover, Statesboro,
* 3 ©opm| Stillmore and I* 11 30am
| Dublin. |
Guyton I
ilO 00pm| Accommodation. [4 fi OQam
BETWEEN SAVANNAH AND tY
BEE.
Standard (90th meridian) time, one
hour slower than Savannah city time.
LEAVE SAVANNAH.
Daily—9:oo a. m., 2:30 p. m.
LEAVE TYBEE.
Daily—9:so a. m., 4:80 p._m.
•Dally. iExcept Sunday.
Connections made at terminal point*
with all trains Northwest, West ana
SouthFeSt.
Sleeping cars on nlgHt trains between
Savannah arid Augusta, Maeoh. At
larita And Birmingham.
Parlor cars on day trains between
Savannah, Macon arid Atlanta.
For complete information, schedule*,
rate* arid cbnnectiohs, apply to
W. G. BREWER, City Ticket and
Passenger Agent, 107 Bull street, or
W R. McINTIRE. Depot Ticket
Agent.
J. C. HAILE, General Passenger
Agent.
E. H. HINTON. Traffic Manager.
TflEO. D. KLINE, General Superin
tendent. Savannah. Ga.
Double Daily Service
The short line to Norfolk, Washing
ton. Baltimore, Philadelphia, Near
York and the East.
Effective, Sept. 1. ,
ARRIVALS OF tRAINS.
From
No. 27 North and East 4 62 am
No. 81 North and East., 147 pm
No. 36 Brunswick and Darien,.lo 10am
No. 44 Jacksonville and Florida. 2 05 pm
No. 72 Montgomery and West... 800 pm
No. 74 Helena and local points.. 8 30 atfi
No. 66 Jacksonville and Florida.il 37 ptfa
DEPARTURES OF TWAINS
FOR
No. ?7 Jacksonville and Florida. B 06 am
No. 31 Jacksonville and Fldrlda. 1 53 pHt
No. 35 BrtlnsAlck ahd Dftrleh. 4 30 pm
NO. 44 New York and East 2 10 pm
No. 71 Mbhtgomery and West.. 7 28am
No. 73 Helena ahd local Station* 8 30 pm
No. 66 Ne tv York atid Ea5t...... 11 48 pm
Magnificent Pullman buffet sleeping
car service to Norfolk, Washington,
Baltimore; Philadelphia and New
York; also to Jacksonville and Tampa.
Solid train to Brunswick. No change
of cars.
Buffet parlor cars. Savannah to
Montgomery.
For additional information, apply to
Ticket Office, Bull and Bryan street*;
‘phorie 28.
84.18; straight, $3.80; fatiejt, 83.50; fam
ily, $3.30: sprlhg wheat, best patent,
84.75. „
MfcAL—Pearl, per barrel, $3.70; pgr
Sick, $4.75: city meal, per sabk. bolted.
$1.85; Water ground. $1.65; city grits,
sacks, $1.65; pearl grits-, HudttUts. per
barrel, $3.80; per sack. $3.80; sundry
brands, $1.70-
CORN—The market firm; white. Job
lots, 81c; carload lots. 79c; mixed corn,
Job lots. 80c: carload lots. 78c.
RlCE—Market steady; demand good;
fancy head, 3c; fancy, 614 c.
Prime .5 _ ,
Good 4V404*
Fair 45404 M.
Common ... .
OATS —No. 2 mixed, Carload, 49e; lob
lots, 51c; white clipped, car*, sle; Jdb
lots. 53c.
BRAN—Job lots, $1.18; carload lota,
$1.05.
HAY Market steady; No. 1 timothy,
job. $1.06; cars. $1.00; No. 2, 96®97Hc;
job. cars. 96c.
Krnlta Add got*.
APPLES —New apples, $3.60®4.50.
BANANAS —$1.2502.00.
LEMONS—Market steady at $3.50®
8.75,
PRUNES—4Os to 60s. Hc; 60s to 60s,
8c; 60s to 70s, 614 c; 70s to 80s. 6c; 80s
to_9oe. 5!4c; JOato 100s. sc. . . .....
Vonunued oa JSlgbtb Pag*
9