Newspaper Page Text
TRADE AND FINANCE
COTTON MARKETS RISE OX DRV
WEATHER IN TEXAS.
NEW YORK UP 7 TO 16 POINTS.
ORLEANS CLOSES FIRM I<*§ls
POINT SIP.
Moderate Demand for Spot Cotton.
Turpentine Steady at
l inn—Local and Telegraphic
Markets .
The Morning News Office,
Monday, June 23.
As the thermometer moves in Texas
so the cotton market appears to move.
For the past two weeks the market has
continued extremely sensitive to the
weather reports from that state, for
the need for moisture has attracted the
attention of the trade everywhere
there. To-day’s markets closed firm at
the advance, and the rise was attrib
uted to the dry weather reports, which
mean that the crop will be set back
every day until relieving rains fall.
Scarey shorts could not withstand
the pressure to unload when Liverpool
came better, and buying upon a lib
e 11 scale started on this side. This
helped to impart a decidedly firm tone
to the market, and when prices were
not moving upward there appeared to
Iv holding their own well. New York
closed firm 7 to 16 points up, and New
Orleans also closed firm 10 to 15 points
higher. Spot markets were not active,
but the undertone was stronger and
there was a tendency on the part of
holders to take nothing less than full
prices.
A leading firm writes: "The breaking
of the drought in Alabama, Mississippi
end Louisiana, following the good rains
had in the Atlantic states last week,
has a tendency to revive the optimistic
crop ideas evolved by the May report
of the bureau, and should Texas be
similarly relieved in the near future,
it is reasonably certain that lower
markets will ensue under the creation
of an extensive short interest, which
would give the basis for i good ad
vance later on, in case of crop dete
rioration from any cause. While the
visible supply records a larger decrease
than last year, it also shows a con
tinued shrinkage (15,000 bales) in the
trade takings of American cotton.”
Turpentine closed steady at 47%c,
with the demand equal to the offerings.
Kosins closed firm at the prices given.
The wholesale markets were steady.
Resume of the markets as follows:
COTTON.
Spot cotton closed easy, with sales
from factors’ tables of 133. Receipts
were 623, against 1,032 last year. The
contract markets closed firm and high
er, but the effect was not very ma
terially reflected in the spot markets.
In the f. o. b. market the demand was
moderate, with quotations about as fol
lows: i\ G. M„ 9%c, and G. M. 914 c.
the following were the official spot
quotations at the close of the market
at the Cotton Exchange to-day:
|This jLast
Good middling 19 5-16 8%
Middling 19 1-16|8
Low middling i :.j8 11-16:714
Good ordinary ;8 3-16|6 3 / 8
Market easy, sales,- 133.
Receipts, TBxporfir, Stocks:
Receipts this day 623
Last year 1,032
Receipts since Sept. 1, 1901 1,123,025
Same day last year 1,050,564
Coast exports 238
Stock 17,141
Same time last year 30,104
Port Movements—
Receipts this day 5,699
Receipts this day last year .... 9,849
Receipts year before last 2 562
Receipts since Sept. 1, 1901 ....7,455,986
Last year 7,217,176
Year before last 6,360,622
Stock at the ports to-day ..... 349,177
Stock same day last year 430,520
New Orleans, June 23. —Receipts, ros
in, 265 barrels; turpentine, 237.
Daily Gotten Market—
Galveston —Steady; middling 9 l-16c;
net receipts, 1,695; gross, 1,693; stock,
25,362. Exports—Great Britain, 1,741;
coastwise, 63.
Norfolk—Quiet; middling 9%c; net re
ceipts, 56; gross, 58; sales, 5; stock,
15,138. Exports—Coastwise, 823. ,
Baltimore —Nominal; middling • 9%c;
gross receipts, 546; stock, 5,705.
Boston—Quiet; middling 914 c; net re
ceipts, 3; gross, 505.
Wilmington—Firm; middling 9c; net
receipts, 107; gross 107; stock, 7,568.
Philadelphia—Dull; middling 9%c; net
receipts, 300; gross, 880: stock, 2,688.
Exports—Great Britain, 580.
Savannah—Easy; middling 9 l-16c;
net receipts 623; gross, 623; sales, 133;
stock, 17,141. Exports—Coastwise, 238.
New Orleans —Easy; middling 9c;
net receits, 1,538; gross, 1,538-, sales,
1,650; stock, 104,465. Exports—Coast
wise, 198. x
Mobile —Firm; middling 8 9-16 c; net
receipts, 15; gross, 15; sales, 700; stock,
8,194. Exports—Coastwise, 122.
Memphis—Quiet; middling B%c; net
receipts, 46; gross, 668; sales, 50; stock,
17.038.
Augusta—Steady; middling 9c; net
receipts, 2; gross, 2; sales, 249; stock,
14.563.
Charleston—Quiet and nominal;
stock, 1,635. Exports—Coastwise, 3.
Cincinnati—Quiet; middling 9%c: net
receipts, 132; gross, 132; stock. 10,276.
Louisville—Firm; middling 9c.
St. Louis—Quiet; middling 8 16-16 c:
net receipts, 11; gross, 249; stock, 21,-
718. .
Houston—Easy; middling 9%c; net
receipts, 333; gross, 333; stock, 11,715.
San Francisco, June 23.—Cotton, net,
• 200; gross, 1,200; exports to the conti
nent. 1,300
New York —Quiet; middling 914 c;
net receipts, 60; gross, 4,000; sales, 900;
stock. 157,489. Exports—Great Britain,
L; continent, 1,609.
Total To-day—Net, 5,699; Great Brit
ain, 2,336; continent, 2,909; stock, 349,-
177.
Consolidated— Net, 7,270; Great Brit
ain, 3,076; continent, 15,418.
Total Since Sept. 1, —Net, 7,455,986;
Great Britain, 2,965,303; France, 713,-
288; continent, 2,637,504.
SEA ISLAND COTTON.
Friday, June 20.
The sea island cotton market closed
unchanged, so far as current reports
"ent, with the demand fair. Some hes
b'ftion was caused among buyers in
anticipation of the refeount made of
stock, and which was officially an
nounced to-day. The corrected fig
ures are 7,745 bales, or a smaller dis
crepancy of 6,656 bales, which were add-
This settles a question of long
‘landing among the trade. No effect
lr anticipated upon the market an a
r '-ult of the corrected figures show
-11 a larger than the previously ofll
■l stock, as the fact was pretty well
known and had, tehrefore, been thor
oughly discounted. Reports from the
**•' Island cotton belt during the week
Indicated rains, wiheh were needed.
I'rices about a* follows;
ranry Florida* 23*482*
1 *’ra choice Florida* s2%#2*
, FUrldas *1*44122
ully fancy Georgias **
r iiiy estra choice to fancy
'*'• ~..22 #22*4
**ra .bate* Qeorgtas 21*4
•*'rg fine Georgia* ....,,,,,19
MURPHY & CO., INC.,
Priv r a d t° f | Trad f Bulldln *- Savannah.
Tork cL! Me 4 wirea direct to New
and Orleans.
COTTON, STOCKS AND GRAIN.
OmZJ°, rk °! nce ' No - 61 Broadway,
the South n cltle ’ throughout
ual . n j tl J'fite for our market man-’
traders! b k contalaln Instruction for
Spencer Trask & Cos.
BANKERS
27 & 29 Pine St., New York.
Members New York Stock Exchange.
Fine , g
Common 17
Inferior 1: rfrofi
•Free of stains. "" ®
Mek Ending June 20—
Receipts,, Sveek 2701 ’ll
Receipts,, season 54,1451 64,489
Sales, week 470] 770
Exports, week 284i 716
-ggfc v *7,745,1 6,971
'Corrected.
cotton~futures.
New York, June 23.—The cotton mar
ket opened firm with prices 3 to 7
points higher on eager demand from
shorts and some foreign buying, based
upon a strong showing by the Liver
pool market and upon dry weather
news from Texas. Not long after the
call the whole list further improved
on general buying and scarcity ot of
ferings. The August position led the
second advance, working up to 830,
then came a reaction of 5 to 6 points
on selling for profits by room traders
and a siight setback in the English
market. Excellent weather and crop
reports from the cotton belt outside of
Texas did much to encourage bear
selling on the turn. However, Eu
rope continued to buy here and the
more conservative shorts refused to
risk possible bad crop news from
Texas in to-morrow’s weekly govern
ment report. The June option dis
played pronounced strength, at one
time being 15 points over the final bid
of last Saturday. Early in the after
noon the market exhibited a disposition
to do better, and though Wall street
Interests persistently sold the August
option, prices advanced steadily to
ward the high level of the first hour.
The market was finally steady and net
7 to 14 points higher. Total sales were
estimated at 7,500 bales.
Reports from Southern spot markets
Have no indication of weakness and
cloth market accounts showed a firm
attitude on the part of manufacturers.
COTTON FUTURES AT NEW YORK.
New York, June 23.—Cotton futures
opened quiet; June, 8.84 c; July, 8.54 c;
August, 8.24 c;. September, 7.94 c; Octo
ber, 7.85 c; November," 7.78 c; December,
7.80 c; January, 7.79 c; February, 7.79c;'
March offered, 7.81 c.
Futures closed steady: June, 8.93 c;
July, 8.56 c; August, 8.28 c; September,
7.96 c; October, 7.86 c; November, 7.80 c;
December, 7.80 c; January, 7.81 c; Feb
ruary. 7.81 c; March, 7.83 c.
NEW ORLEANS COTTON MARKET.
New Orleans, June 23—Spot cotton
was in good demand at full prices.
Quotations unchanged.
Futures at the first call were 7 to 11
Points Up.. After, the call there were
sdmd'SftjgTit ffgrtuations, but prieds
were firmly maintained and a further
advance of a few points were made,
the market closing firm with net gains
of 10 to 15 points over Saturday’s clos
ing.
New Orleans, June 23. —Cotton fu
tures steady: June, 8.85 c bid; July,
8.89@8.90c; August, 8.40@8.41c; Septem
ber, 7.98@8.00e; October, 7.76@7.77c;
November, 7.68@7.i0c; December, 7.68®
7.70 c; January, 7.69@7.70c.
LIVERPOOL COTTON MARKET.
Liverpool, June 23.—Cotton: Spot,
fair demand, prices l-32d higher; Amer
ican middling fair, 5 5-16d; good mid
dling, 5 l-16d; middling, 4 15-16d; low
middling, 4 27-32d; good ordinary,
4 23-32d; ordinary, 4 15-32d, The sales
of the day were 10,000 bales, of which
1,500 were for speculation and export,
and included 8,600 American; receipts
1,000 bales, including 600 American.
Futures opened quiet and closed
steady; American middling, good ordi
nary clause; June, 4.60@4.51d, buyers;
June-July, 4.49d, buyers; July-August,
4.47d, buyers; August-September, 4.40®
4.41d, sellers; September-October, 4.30d,
buyers; October-November, 4.23@4.24d.
sellers; November-December, 4.20d,
buyers; December-January, 4.19d, buy
ers: January-February, 4.18@4.19d,
sellers.
Murpliy & Co.’s Cotton Letter,
York, June 23.—Transactions
stocks at exchange to-day amounted
to about 500,000. Tone was generally
strong, although there were no devel
opments since Saturday, of a character
to affect values materially. The pub
lication of Mitchell’s letter had no in
fluence and buying of Reading contin
ued and the price had a maximum ad
vance of over 1 per cent. Missouri Pa
cific continued strong, but the feature
of the speculation was the excessive
buying and sharp advance in Wabash
issues. The gossip ran that the move
ment was part of a plan to secure ad
ditional privileges from city of Pitts
burg, but the more serious view' of
the matter was that it was part of
preparations making for a closer union
of the various Gouldetg Advance of
over 1 per cent, in Texas, Lake Erie
and Missouri, Kansas and Texas proved
this. An advance of 7 per cent, in
Chicago and Eastern encouraged the
idea that the deal for transfer of the
property had already been consumated.
St. Joseph broke sharply on rumors that
buying for control had ceased. The
feature of industrials was a loss of
nearly 3 pgr cent, in Colorado Fuel and
Iron, oh repetition of sinister rumors
regarding the common dividend, due
according to the usual time of declara
tion in the past. Distillers preferred
developed weakness late from an at
tack based upon an expected early pro
mulgation of the plan for conversion of
the companies’ securies. Copper was
under pressure on account of dividend
uncertainties suffering a maximum loss
of 2%, and closing almost at bottom
figures. Steel developed fresh heavi
ness There was a declining tendency
to Rubber preferred. Smelting, Ice pre
ferred and Virginia-Carollna Chemical.
International Silver rallied sharply.
Sugar was dull and barely steady.
Realizing sales were rather general in
late afternoon, and the market closed
heavy. Total sales stocks 493,100.
Bonds 12,735,000.
Hubhuril Bro*. A Co.’* C-o L*tt*r.
New York, June 23.—1n the absence
gIN ANCLE L.
JOHN W. DICKEY.
Stick intf Bond Bnklf,
AUGUSTA. GA.
Writ* f*r LUt-
SAVANNAH MORNING NEWS: TUESDAY. JUNE. 24. 1902.
Savanna!) Bank ■
and Trust Go.
Capital, $350,000.
JOSEPH D. WEED, President.
JOHN C. ROWLAND, Alee President.
W M. F. MeCAI'LEY, Cashier.
SAMI ' - L CLAY, Assistant Cnshler.
A general hanking and exchange
business transacted.
Savings Department, internet
computed Quarterly.
Accounts of merchants, banks
•and corporations solicited.
Americau Express Company's let
‘ers Of credit Issued available ia all
parts of the world.
Collections carefully made nnd
Promptly accounted for.
Safety Deposit Boxes and Storage
Vaults for rent.
Correspondence invited.
of any reports from Texas of a rain
sufficient to break the drought, Liver
pool gave the trade a better report
than anticipated and the decline ot
Saturday was quickly recovered. A
quick market is expected so long as
the factors so evenly balance Europe
will continue to buy cotton on the
basis of present prices until rains come
in the Southeast. Interest is now con
centrated on that section of the cotton
belt. Local traders bought early, but
outside buying was limited. They con
sidered as yet the threatened injury to
one section not sufficient to bring
about a revival of speculation.
H. & B. Beer'* Cotton I,otter.
New Orleans, June 23.—The insuffi
ciency of rains in Texas over Sundav
caused Liverpool to be more favorable
than expected, and our market in sym
pathy opened 7 to 11 higher. The pre
diction of clear weather for Texas dur
ing the next 36 hours occasioned an
additional advance of 3 to 6, making
the net gain on the day 10 to 14 points.
Texas weather conditions continue to
attract the attention of the trade. Al
though 19 counties in Texas reported
from light to good rains on Saturday,
there are a number of counties claim
ing moisture is badly needed. The
weather prevalent in Texas daily, will
have an important bearing on values.
If general rains materialize soon the
market will decline, otherwise the
chances are in favor of a further ad
vance ultimately. With the good rains
which have fallen in all the cotton
states during the past week the weekly
weather report to-morrow ought to be
generally favorable. Manchester ca
bles state that there was no improve
ment last week in the demand from
the large consuming centers. The in
quiry from India for futures was poor,
and buyers were seldom tempted by the
low figures the ready sellers were will
ing to accept.
DRY GOODS.
New York, June 23.—The dry goods
market is quiet to-day in all depart
ments. The orders coming in are for
small quantities as a rule. No change
In prices of brown bleached or coarse
cotton goods. Prints are firm with fair
sales. Ginghams also firm. Print
cloths inactive and unchanged. Cotton
hosiery and und&rwear quiet and low;
grade goods irregular in price.
NAVAL STORES.
Monday, June 23.
SPIRITS.—The turpentine market
opened firm at 47%c, sales 83, and closed
steady ijnd unchanged, with no furthef
Sales. “Factors reported disposing of
about all the offerings in their hands.
Receipts, 828, and the exports 201.
ROSINS.—The rosin market opened
firm, with no sales, and closed firm,
sales 1,671. Official opening and clos
ing prices appear below'. Demand fair.
Receipts 2,609, and the exports 1,183.
Prices as follows:
Prices opened—
A, B, C, D 31 20 I .. . $2 05
E... 1 20 K 2 55
F 1 30 M 3 05
G..., 1 40 N 340
H 1 70 W. G 3 55
W. W. 3 70
Prices closed—
A, B, C, D ....$1 25 I $2 05
E 1 25 K 2 55
F 1 35 M 3 05
G 1 40 N 340
H 1 70 W. G 3 43
W. W 3 60
Naval Stores Statement—
-1902-1903.
• Spirits. Rosin
Stock April 1, 1902 5,175 144,644
Receipts to-day 828 2,609
Receipts previously 81,808 181,903
Total 87,821 329,156
Exports to-day 201 1,183
Exports previously 76,399 236,098
Total 76,600 237,281
Stock to-day 11,321 91.875
Stock last year 19,568 118,662
Charleston, June 23. —Turpentine and
rosin unchanged.
Wilmington. N. C., June 23. -Spirits
turpentine, nothing doing; receipts 82
casks. Rosin steady, IL10®1.15; re
ceipts 119. Crude turpentine firm, $1.40
$2.50 and $2.60; receipts, 174. Tar firm,
$1.45: receipts, 31.
New York, June 23.—Rosin steady.
Turpentine weak.
FINANCIAL.
MONEY—Market easy.
FOREIGN EXCHANGE Market
steady. Commercial demand, sterling,
$4.87%; 60 days, $4.84y 2 : 90 days, $4.83%;
French, 5.19; Swiss, 60 days, 5.22; Bel
gian, 5.20%; marks, 60 days, 94%; 90
days. 94%.
DOMESTIC EXCHANGE Steady;
banks are buying at 75c. per M dis
count; selling up to 5@25, 10c; 25@50,
15c; 50®100, 20c; 100@200, 25c; 200@300,
30c; 300@400, 35c; 400@500, 40c; 500@600,
45c; 600 and over, 75c per M premium.
SECURITIES —Local market is inac
tive and dull; it seems as lifeless as
ever.
Bid. Ask.
Augusta and Savannah 120 121
Atlanta and West Point 150 155
do 6 per cent, certificates.llo 110%
iJlplFiiii
Having been appointed exclusive
agents for the United States by Messrs.
Platt Bros. Oldham. England, for the
sale of their famous Sea Island Cot
ton Gin, we Invite your correspondence
and solicit your orders. We have also
purchased the entire stock of glnners'
supplies and walrus leather formerly
owned by Mr. M. Pollitzer, Beaufort,
S. C. We invite correspondence and
orders.
THE CAMERON AND BARKLEY CO.
Wholesale Dealers In Machinery and
Supplies.
Charleston. S. C.
Coleman Sea Island
Cotton Gins
At a Bargain.
Ten of these well known gins can be
bought st reduced prtc**, having b**n
ud on* season, but are in good con
dition to put to work at one*
New Gin* at factory cos*. 1140
Add*tat bVTLk.U, fiTEVEN* A CO..
barsuAsw. Ga.
ESTABLISHED 1872.
HENRY BEER. BERTRAND BEER,
EDGAR H. BRIGHT.
H. & bTbeer,
Cotton - Merchants,
NEW ORLEANS.
Members of New Orleans Cotton Ex
change, New York Cotton Exchange,
and Associate Members Liverpool Cot
ton Association.
Special attention given to the execu
tion of contracts for future delivery in
cotton.
—J ! LJi —LI _ i_L
Augusta Factory 70 72
Citizens' Bank 141 142
Chatham Bank 74 75
Chat, and Gulf stock 115 116
do R. E. and X. C.. A 52 53
do do. B 51% 52%
Eagle and Phenix Mfg. Cos.. 90 100
Enterprise Mfg. Cos 90 94
Germania Bank 142 143
Georgia Railroad, common. 240 245
Graniteville Mfg. Cos 165 170
J. P. King Mfg. Cos 96 98
Langley Mfg. Cos 108 112
Merchants National 8ank.11354 114
National Bank of Savannah.lso 153
Oglethorpe S. and Trust C 0.11414 115%
People's S. and Loan 96% 971*
Savannah Electric Cos., com.. 30 35
do do preferred 93 95
Southwestern 120 121
Savannah Gas Light Cos 22 23
Southern Bank 160 161
Savannah Bank and Trust..l2l 123
Sibley Mfg. Cos., Augusta... 72 74
Savannah Brewing 90 100
Bund*.
Char., Col. and Aug. Ist 5s
1609 114 116
Chat, and Gulf R. R. 5 per
cent. Ist mortgage 10314 10414
Atlanta 4s, 1923 105 106
Augusta City 4s, 1931 107 108
do 4145, 1925 112 114
do 7s, 1903 102 104
do 6s, 1913 116 117
Ala., Mid. ss, ind'd, 1928, M.
and N 107 108
Augusta Factory 6 per cent.,
1915 - 112 114
Brunswick and W. 4s, 1928 ..89 91
C. R. R. and Banking collat
eral 5s 108 109
C. of Ga. Ist mortgage ss,
1945, F. and A 120 121
C. of G. con. ss, 1945, M.
and N 109 110
do Ist incomes 82 83
do 2d incomes 36% 37%
do 3d incomes 21 22
C. of G. (M. G. and A. Div.)
5s . 107 108
Columbia City ss, 1909 105 106
Columbia Power Cos. ss. in
dorsed by Bibb Mfg. Cos.,
Macon 98 100
Charleston City 4s, 1909 100 101
Eagle and Phenix Mills, 6s,
1928 104 106
Enterprise Mfg. Cos., 6s. 1902..102 103
G. R. R. 6s, 1910 112 113
G. S. and F. Ist ’. 113 114
Georgia and Ala. cons. Os ...112 113
Georgia State 3%5, 1930 ......109 110
do 3%5, 1915, M. and N 107 108
do 4%5, 1915 116 117
Macon City 6s. 1910, J. and J. 115 116
do 4%5, quar., gen 110 111
Ocean Steamship ss, 1920 ...,108 109
Savannah City ss. quar. July,
1913 .. .A.;..,,..;.., 108 109
Sfcvannah City ss, due 1909,
August coupops 106% 107%
Savannah Electric Cp. 5s .... 97% 98%
Seaboard 4s 85 86
Seaboard 10 : year 5s 103 104
South Carolina State 4%5,
1933 112 113
Sibley Mfg. Co.| 6s,’ 1902'100 102
South Bound 5s ~..112 113
S., F. and W. geh. mt'ge 6s,
1934 ~ ■, ...129 131
do do Ist ss, gold, 1934 ....116 117
money: market.
New York, June 23.—Money on call
steady, 2%®3 per cent.; closing bid
and asked, 2%@3 per cent. Prime mer
cantile paper, 4%@5 per cent.; sterling
exchange firm, with actual business in
bankers’ bills, at $4.57% for demand,
and at J4.85U®4~83%. for sixty days;
posted rates, 54.86 and 84.88%; com
mercial bills,-34,54%<g4.85%; bar silver,
52%e; Mexican dollar*, 42%c. Govern
ment bonds easier-; state bonds Inac
tive; railroad bonds irregular.
STOCKS AND BONDS.
New’ York, June 23.—The dominating
influence of the sfnall professional
operations was manifest in the tenden
cy of prices of railroad stocks to react
to a previous level. The only trace of
large speculative operations was in the
Gould group led by the Wabash, and in
Readings. The industrial department
was weak, with the exception of one
or two unimportant stocks, and w'as
under pressure of what looked like
genuine liquidation.
The buying of the Wa,bashs was un
explained by any new development. It
came from the same sources as have
been active for some time past in this
group of stocks and represents the ef
fort to realize the improvement in the
properties through recent extensions
and new acquisitions. The news of
the day included a report of an appeal
to a higher court of jhe city of Pitts
burg's case against the entrance into
Pittsburg by Wabash and an author
ized statement of the project for anew
railroad from Denver to Salt Lake City
to connect with a proposed railroad to
Los Angeles. This project Is avowedly
intended as competitive to the Western
extensions of the Gould system. Butt
the large buying of the various Gould
stocks was not checked in any degree
by this news, St. Louis Southwestern
preferred, which has usually moved in
company with the Gould stocks, was
reactionary. This was the more con
spicuous in view of the further advance
of 7 points in Chicago and Eastern Illi
nois, supposed to be set aside for
absorption in the interest of the St.
Louis Southwestern. Manhattan
shared in the strength of the Gould
stocks in the early dealings and im
parted some strength to the local trac
tions. The I*4 pclnts advance in Read
ing apparently w'as designed as an an
swer to the address by the president
of the United Mine Workers. Most of
this gain was lost on the reaction.
Among the industrials, Colorado Fuel
was a conspicuous sufferer on account
of the supposed dispute amongst in
siders as to the continuance of divi
dends upon the stock. The heavy tone
of Amalgamated Copper recently, also
gave way to positive weakness in view
of the continuing decline in the price
of copper and the heavy production.
Supporting orders seemed to be with
drawn in United States Steel and that
stock suffered a net loss of nearly a
point. It is the general conviction in
Wall street that the proposed plan for
conversion of preferred stocks Into 5
per cent, bonds will be blocked by the
courts, thus leaving no offset to the in
crease of fixed charges on the $50,000,000
new bond issue. There seems to be a
fear that the payment of dividends on
the common stock is thus threatened.
The closing was easy at the consider
able reaction in railroad stocks. A
number of the l*ss active railroads
show large losses.
The bond market was moderately
active and irregular. Total sales, par
value, $2,580,000.
United Htates new 4s declined *4 per
cent, on the last call.
Total sales of stork* fo-day were
482, 'OO shares, Including Atchison,
6.900: Manhattan, 11.600, Mexican Cen
tral, * .too Missouri Pacific, 46.400 Mis
souri. Kansas and Tc*. II.SOO; Read
ing. $7/I*o. g( Paul. 7.000; Tax** Pa
l’|R, 4|Mf t 9(M
Wshanli, Wabaah pr*fsrrod, tt,<
Southern
"0|V > Railway.
Trains arrive and depart Savannah
on 90th meridian time—one hour slower
than city time.
_Schedule Effective June 8, 1902.
TO THE NORTH AND EAST._
I Daily! Daily
_ JNo. 34, No. 30
Lv Sav’h (Central Time) j 1 15pj12 &>a
Ar Blackvllle (Eastern TANARUS.) 4 45p> 4 28a
Ar Columbia 6 15pi 6 00a
Ar Charlotte 9 20p 9 55a
Ar Greensboro 11 64p|12 35p
Ar Danville 12 57a! 1 >P
Ar Norfolk | g Soa]lo 40p
ArJßichmond | 7 00a 5 43p
Ar Lynchburg ~ [~2 42a 4 07p
Ar Charlottesville | 4 35a 5 50p
Ar Washington 7 35a 9 15p
Ar Baltimore S 56a 11 33p
Ar Philadelphia 11 12a 2 56a
Ar New York 1 43p 6 13a
Ar Boston 8 20p 300 p
TO THE NORTH TND~WKST7~
Lv Savannah (Central Time)..ll2 35am
Ar Columbia (Eastern Time).. 6 00am
Ar Spartanburg “ |lO 05am
Ar Asheville (Central T.!me)...12 50pm
Ar Hot Springs ” 2 37pm
Ar Knoxville ’■ 6 10pm
Ar Lexington ” 5 65am
Ar Cincinnati " 8 10am
Ar Louisville " 8 05am
Ar St. Louis ” 7 20pm
Trains arrive Savannah as follows:
No. 29, daily, from New York, Wash
ington, Richmond and Cincinnati, 4:50
a. m.
No. 33, daily from New York and
Washington, 3:05 p. m.
All trains arrive and depart from
the Union Depot.
THROUGH CAR SERVICE. ETC.
Trains 33 and 34, NEW YORK
AND FLORIDA EXPRESS, Vestl
buled limited trains, with Pullman
Drawing-room Sleeping Cars between
Savannah and New York. Connect at
Washington with Colonial Express for
Boston. Pullman Sleeping Cars be
tween Charlotte and Richmond and
Charlotte and Norfolk. Dining Cars
serve all meals between Savannah
and New York.
Trains 29 and 30, THE WASHING
TON, RICHMOND AND FLORIDA
LIMITED. Vestibuled limited trains,
carrying Pullman Drawing-room
Sleeping Cars between Savannah and
New York vlfy. Richmond. Dining Cars
serve all meals between Savannah and
Washington. Also Pullman Drawing
room Sleeping Cars between Savannah
and Cincinnati, through Asheville and
“The Land of the Sky.”
For information as to rates, sched
ules, etc., apply to
C. H. ACKERT. G. M.
S. H. HARDWICK, G. P. A., Wash
ington, D. C.
W. H. TAYLOE, A. G. P. A.. Atlan
ta, Ga.
R. C. BLATTNER, Depot Ticket
Agent, Union Depot, Savannah, Ga.
E. G. THOMSON, C. P. & T. A., Sa
vannah, Ga., 141 Bull street. Phones
830.
GEORGIA,
y
Schedule Effective June 1, 1902.
Trains arrive and depart from Cen
tral Station, West Broad, foot of
Liberty street, except for Tybee.
90th Meridian Time —One hour slower
than city time.
Leave Arrive
Savannah: ’ Savannah:
j Macon, Atlanta,
| Covington, Milledge
• 7 OOamiviUe, Americus, Al- • 6 10pm
| bany and Internie
jdlate points. __
Augusta,
I 7 00am Statesboro, Stillmore I 6 10pm
and Brewton.
Augusta, Macon,
Atlanta, Athens,
Montgomery,
* 9 00pm Columbus, Blrming- * 7 00am
ham, Americus,
Albany, Eufaula,
and Troy.
Dover
8 6 00pm and Statesboro I 7 48atn
Accommodation.
— Dover, Statesboro,
! 300 pm Stillmore and *lO 50am
Dublin. -
~~ Guyton.
510 00pm Accommodation. 5 8 00am
j Seashore Special,
i Macon, Eatonton,
t 6 30pn>t Mllledgeville, Au- tlO 25am
I gusta, Dublin and
j intermediate points.
BETWEEN”SAVANNAH AND TY
BEE.
Trains arrive at and depart from
Tybee depot, Randolph street, foot of
President.
Standard (90th meridian) time, one
hour slower than Savannah city time,
LEAVE SAVANNAH.
Week Days—s:4s a. m., 9:00 a. m., 2:30
p. m., 4:20 p. m., 6:00 p. m., 7:40 p. m.
Sundays—7:2s a. m., 9:00 a. m., 11:00
a. m., 2:30 p. m., 4:20 p. m., 6:CT p. m„
7:40 p. m.
LEAVE TYBEE:
Week Days—s:oo a. m., 7:00 a. m.,
10:00 a. m., 5:05 p. m., 6:45 p. m., 9:20
p. m.
Sundays—s:oo a. m., 8:15 a. m., 10:00
a. m., 11:50 a, m., 5:05 p. m., 6:45 p. m.,
9:20 p. m. __
•Daily. {Except Sunday. t Sun day
only.
Connections made at terminal points
with all trains Northwest, West and
South w’est.
Sleeping cars on night trains between
Savannah and Augusta, Macon, At
lanta, Columbus, Ga., and Birming
ham, Ala.
Train No. 1, leaving Savannah at 7 a.
m., does not make connection for Au
gusta on Sundays.
Parlor cars on day trains between
Savannah, Macon and Atlanta.
For complete information, schedules,
rates and connections, apply to
W. G. BREWER. City Ticket and
Passenger Agent. 107 Bui] street, or
W. R. McINTYRE. Depot Ticket
Agent.
J. C. HAILE, Gen. Pass. Agent.
F. J. ROBINSON. Asst. Gen’l Pass.
Agent.
W. A. WINBURN, Traffic Manager.
THEO. D. KLINE. General Supt.
Savannah, Ga.
ANCHOR LINE
Btamrn from New York Weekly for
Glasgow via Londonderry
First fcnloou WftO nod upwards
Second ftaloou. •35 00 and npwarde
Third Clasft, •*!§ and upwardo
HLNDLBSON BROS., Sew York, or
kavaonah, lit
200: Amalgamated Copper, 20*290; Colo
rado Fuel, 26.400. Ku gar, 6,600. United
l*tlHi tftM’l, 12.600; United JiUitea Bteol
preferred, 6,900.
New York lluvk and ISoud l.lat,
Railroad Htorfc.
Atf’Hiaon *1 %
AUhlaon preferred ..,,**,. 100%
UiiUiiivii and uhitj ,**•# •*#,#*, 100%
Plant System of Railways.
EFFECTIVE MAY 25.
Trains Operated by 90th Meridian Time—One Hour Slower Than City Time. •
Sun.[Daily Sun.|DaiYy~baUy| ' NORTH IDaliy^Sun.lDafiyl Sun.fDally
only | only ,x-Su. AND only. only.lx-Su.
10 ■j 32 8( 6 78 SOUTH. (23 7 |35 _ 9 | 5
7 00p| l'jspl 7 60s 1 5 30a| 1 30ajLv Savannah Ar] 3 OOalll 30a| 8 32a 11 30p| lfcp
12 3ua; 5 25p12 30p|10 30a| 6 40u t Ar Chari’st n Lvjll 35p| 8 00a! 6 27ai 8 00p| 315 p
|ll 30p| 1 40p Ar Wilm’gton Lv| 3 45p| I
- | 3 67a| 7 46p|Ar Rlchm'nd Lvj 9 05pl j 7 23p
I 7 39a ; 11 40p : Ar Was'nt’n. L\‘| 4 30a| j 345 p
8 66a| 1 23a|Ar .Baltimore Lv| 2 55a ( 2 16p
... —jll 12a| 4 Oouj Ar.. Phtla L\\l2 20aj ,12 03pj
| 1 43p 7 l3n;Ar NewYork Lv; 9 25p| i 9 25a| |
I 8 30p 2 00p|Ar.. Boston.. Lv| 1 o:ip| |l2 n't| j
Daily]Dully Daliy|Daily| DallyT I Datlyl Dafly| DaHyj Daiiy|Daily
■ 2S I 33 35 |29| 23 | SOUTH. j 24 |32| 22 ISO| 7
5 00p| 315 pf 8 42aj 6 OOaj 3 SOajLv'Savannah Ar] 35a| 1 05p 8 30p 12 25aj 1 004
8 00p| 5 30p,U 25a: 7 15ui 6 30u,Ar Waycrosa Lv| 6 35a|10 50a| 5 36pi 9 oQplO 15p
“l 1 8; j 3 lap 10 oOajlO BOaiAr T'om'villo Lv| 3 25a; 7 00ai 1 55pj ]
< >P| 1 lap 9 15a, 8 30a,Ar Jack'vlUe LV| 9 00a; 3 lbp| 7 45pi 8 00p
I 1 <spj 1 46p|Ar Gain'vilie Lv | 3 OOp 3 OOp
I 1 1 55p[10 50ajl0 50ajAr St.Aug't'ne Lvj | 6 lop * 10p
i, * 15 PI 8 42H'7r60a| 3 30a|Lv^afannahT ArP9Tsafl~ osprß 3bpU26a7.... 7
I osp| 3 25nl 7 05a| 7 00ajAr Brunsw’k. Lv| 4 45a] 7 20aj 305 p 9 06p...
— NORTH. IN l> SOUTHWEST. _ _____
|29 | Via Jesup. 24 |BO 25 j 29 jVla M’tgomeryl 24 123 _
5 OOp SOOajLv Savan’b Ar 9 25a|12 20a 6 00p| 5 00a Lv Savan’h Ar 9 25a 9 16p
<oop 6 15a Ar ..Jesup.. Lv 7 35a!10 55p 8 10aI 6 30p Ar M’tg’my Lv 7 45p 7 00a
®?oa 1 Ar .Macon. Lv 100a 2 30p 7 05pi 3 20a Ar Nashvi’e Lv 9 00a 2 21a
6.0a 350 pAr Atlanta Lv 10 45p 12 OOp 2 30a 8 20p Ar Loulsv’e Lv 8 00a 9 12p
top Ar Chatt’ga Lv 6 oop 6 45a 7 ?0a 7 59p Ar Clnc'natl Lv 1115 p 5 45p ,
7 30p 7 30a Ar Louisv’e Lv 7 45a 7 45p 7 20a 7 OOp Ar Si. Louis Lv 8 55p 8 23p
‘ 90p 7 45p Ar Cln’nati I,v 8 30a 7 OOp (L. and N.)
<o4a 6 00p!Ar St. Louis Lv 9 15p 8 08a 7 32a Ar St. Louis Lv 8 23p
‘ s 10p|Ar Chicago Lv 9 OOp 9 OOp (M. and O.)
6.0a 4Up Lv Atlanta Ar 10 45p 11 30a 9 15a 9 15p Ar Chicago Lv 7 OOp 7 OOp
8 05p 10 00a;Ar Memp’ls Lv 8 15a 9 OOp 4 15pl 2 55a Ar Mobile Lv 12 3flp 12 30p
94aa 7 10a|Ar K. City Lvj 6 30p 9 45p 8 25pl 7_25a! Ar N.Orl’ns Lvl 8 OOp 8 OOp
Trains into and out of Charleston are operated by Eastern time.
Through Builman Sleeping Car Service to North, East and West and to
Flnorida.
Connections made at Port Tampa with IT. S. mall steamship of the Pen-
Insuiar and Occidental Steamship Line, leaving Port Tampa Sundays, Tues
day? and Thursdays at 11:00 p. ni,
Pullman Dining Cars on Trains 35 and 82, between Savannah and Now
lork.
Parlor Cars on trains 5 and f between Savannah and Charleston.
WARD CLARK. City Ticket Agent, De Soto Hotel. ’Phone 73.
R. C. BLATTNER, Union Ticket Agent. }J fV;j ’
J. H. D. STIELLMAN. Traveling Passenger Agent.
B. W. WRENN. Passenger Traffic Manager, Savannah, G*.
S EABOARD
AIR LINE RAILWAY.
SCHEDULE EFFECTIVE MAY 25, 1902. ~ ' "
Trains operated by yoth meridian time—One hour slower than city time.
No. 66'No. 341 ~ ~~~ NORTH and SOUTH |No. 3IjSo. ft
U 45p 1 40p|LV BAVAKNAU ; Ar t Sop 4 55*,
12 55a 2 47p Lv Garnett Lv 1 OOp 3 42*
1 2Sh 3 29p;Ar Fairfax ‘Lv 12 13a 3 02a
2 20a| 4 1/pjAr Denmark Lv U 20a 2 20a,
S 55a| 6 OOpjAr Columbia Lv| 9 40a 1 05*
G 55u| 8 OOpjAr Camden Lv| 9 28aj12 63a
8 05a|10 15pJAr ...Hamlet Lv 7 20ajl0|35p
12 15pl |Ar Wilmington Lv 305 p
9 22a11l 83p|Ar Southern Pines ... Lv 6 05a 9 27p
D 60a112 06a Ar Pinehurst Lv 4 45a 6 20p
11 30a | 1 30a jAr Raleigh |Lv 4 12a 7 27>
5 36p| 7 16u ! Ar Portsmouth Lv 9 06p 9 25*
4 65p| 6 35alAr Richmond Lv 10 37p 2 16?
8 36pj10 lOalAr Washington Lv 7 OOp 10 40*
11 25p:U 35a|Ar Baltimore Lv 5 45p 9 34a
2 66a1 1 36pjAr Philadelphia Lv 329 p 7 20a
6 80*1 * 15 P |Ar YORK .Lv 12 65p 12 10a
|No. 27JNO. 311 _ SOUTH. |No. 34jN0.68|
| 5 00a | 2 35p|Lv UV ASil9 AH Arl 1 35p|1l 49p|
| i 6 00p|Ar Darien Lvjll 20a|
,| 7 56a| 5 20p'Ar Brunswick Lv 11 00a 8 50p
9 26a| 9 15plAr Fernandlna Lv 9 35a 5 80p
| 9 15a 1 7 OOpjAr JACKSONVILLE Uv 3oa 7 5Qp
.|ll 40all0 21p|Ar Waldo Lv 4 05a 18Qp ......
112 15p! 6 lflaiAr Gainesville Lv 6 42a 1 OOp
.V, I 8 45p|Ar Cedar Key Lv 4 20a
J 1 48p!12 44a jAr Ocala L v 1 31a 11 52a
13 17p| 3 45aiAr Leesburg Uv 10 17p 10 15a
5 lOp 7 45a,Ar Orlando Lv 6 46p 8 25a
4 OOp 4 12tt|Ar Dade £ ty |Lv| 9 59p| 9 35*|
4 4i>P 5 33a Ar CUr Lv| 8 40p 3 47a
6 45p 6 45ajAr TAMPA Lv| 7 30_p 8 00a .......
Pullman Sleepers on 31
bet. Jackv. and Tampa.
flriiirfg ,iini WEST |NO. W No: 73|No, 74| WEST. No. 72 No. 7*
6 6'(ja Lv .. . ..SAVANNAH ~ .. ,\r ;11 40 p 6 30p| 7 10a ILv v\4’N Ar 8 20p 8 40a
o l r ,a'Ar ..Jacksonville ....Lv 7 50p 7 13p 7 57a Ar L'uyler Lv 7 32p 7 57*
11 20a!Ar " ...Lake City Lv 5 37p < 44p 8 20a Ar P'mb'ke Lv 7 07p 7 30*
l?o4nl\r ...Live Oak Lv 4 54p 8 12p 8 55.1 Ar Daisy Lv 6 40p 7 03*
12 58p Ar Madison Lv 4 02p 5 22p 9 05a Ar Clax’n Lv 6 33p 6 67a
, 2KnlAr Montieello Lv|l 35p 8 48p 9 33u Ar Collins Lv 6 05p 6 30a
3 lln'Ar .Tallahassee.... Lv| 1 53p 9 20p 10 05i Ar Lyon* Lv 5 35p o2a
l VVniAr Quincy Lv!l2 58p s3pjlo 40a Ar .Alley. Lv|s Olp C 31a
5 OBd Ar River Junction.. .Lv 12 20p JC P U 10a Ar Alamo Lv| 4 30p 5 Ola
Ift Rftn Ar I’ENSACOLA.... Lv 7 00a 10 OOp U 35a Ar Helena Lv 4 08p .4 40a
W BOPIAT ....
Parlor Cars on Trains 71 and 72. g o,7pjAr Fltzg’d Lv 7 02a
Close connections made at Montgomery ....... 12 67plAr Roch’e Lv 2 55p
for Mobile, New Orleans and all points i 45 P (Ar Cordele Lv 2 lOp
in the Southwest. Close connections at 3 30pjAr Albany Lv 12 06p -
Cuyler for Statesboro and at Cordele 3 12p!Ar Am'etia Lv 12 45p
with G. S. & F. for Macon, Atlanta and 6 20p!Ar Col'bus Lv 10 10a
Chattanooga. 6 35piAr FtDavls Lvj 9 30a
Train No. 34, the FLORIDA AND 6 OOpILv Union SAr 10 40a w
METROPOLITAN LIMITED, Hoiidf I X BGpjAr Lv| 20a|.......
vestlbuied train. Pullman equipment between Jacksonville, Savannah and
New York via Richmond and Washington. Cafe cars between Hamlet and
Savannah.
No. 66, SEABOARD FAST MAIL, day coaches, mall, baggage and express
cars between Jacksonville and Washington, and Pullman sleeper* Savannah
to New York.
Full information at City Ticket Office corner Bull and Bryan streets.
Telephone No. 28! JOS. W. STEWART. C. P. -ind.T. A.
R. C. BLATTNER, Union Depot Ticket Agent.
W. P. SCRUGGS, C. B. WALWORTH,
Trav. Pass. Agt., Savannah, Ga. 4 A. G. P. A., Savannah, O*.
Baltimore and Ohio preferred .... 95
Canadian Pacific 134%
Canada Southern 91%
Chesapeake and Ohio 46%
Chicago and Alton 37%
Chicago and Alton preferred 75
Chicago, Indianapolis and Louis. 74
Chicago, Ind. and L. preferred .. 86
Chicago and Eastern Illinois .... 184%
Chicago and Great Western .... 28%
Chicago and Gt. W. A preferred. -89%
Chicago and Gt. W. B preferred 47
Chicago and Northwestern 249
Chicago, Rock Island and Pac... 171
Chicago Terminal and T 20%
Chicago Ter. and T. preferred .. 37%
C., C., C. and St. Louis 103
Colorado Southern 30%
Colorado Southern Ist prefererd.. 71
Colorado Southern 2d preferred ~ 42%
Delaware and Hudson 173%
Delaware. Lackawanna and W. .. 275
Denver and Rio Grande 42%
Denver and Rio Grande preferred 93
Erie
Erie Ist preferred ....*. 67%
Erie 2d preferred 52%
Great Northern preferred 188
Hocking Valley 86
Hocking Valley preferred 91
Illinois Central 157%
lowa Central 48%
lowa Central preferred 85%
Lake Erie and Western 63
Lake Erie and Western preferred 125
Louisville and Nashville 136
Manhattan L 131%
Metropolitan Street Railway .... 150%
Mexican Central 28%
Mexican National 18%
Minneapolis and St. Louis 114%
Missouri Pacific 109
Missouri. Kansas and Texas .... 27%
(Continued on Eighth Page.)
rt O v rt O v J?
4?> 0 £°
Wool Wanted I
Highest Market Price* Paid.
A. EHRLICH 6 BRO.,
}ll f HI *nd m Iky
IAVANMAH, OA
MiMib inpniM
Steamship Lines
To Baltimore & Philadelphia
Tickets on Sale to All Points North
and West.
First-class tickets includ* meals and
berths Savannah to Balrlmor* and
Philadelphia. Accommodations and
cuisine unequaled.
The steamships of this company ar*
appointed to sail from Savannah ft*
follows (Central Standard Time):
TO UALTIMOHE.
TEXAS. Capt. Peters, TUESDAY,
June 24, at 8:00 a. m.
ITASCA, Capt. Hudgins, THURS
DAY, June 26, at 9.00 a. m.
HUDSON, Capt. Robinson, SATUR
DAY, June 28, at 12:00 noon.
•NEW ORLEANS, Capt. Kirwan,
TUESDAY, July 1, at 2:30 p. m.
•Steamship New Orleans carrier In
termediate passengers only.
TO I’HILAUBLFHIA.
BERKSHIRE, Capt. Ryan, WED
NESDAY, June 25. at 8:00 a. m.
D. H. MILLER, Capt. McDorman,
SATURDAY, June 28, at 12:00 noon.
ALLEGHANY, Capt. Chase, WED
NESDAY, July 2, at 3:30 p. m.
BERKSHIRE, Capt. Ryan, SATUR
DAY, July 5, at 6:00 p. m.
Ticket Office, No. 112 Bull *tr**C
J. W. SMITH, Agent.
J. A. DI’FOUR, Trav. Agent.
Savannah. Ga.
W. P. TURNER, G. P. A.
A. D. STEBBINS, G. M.
J. C. WHITNEY, 2d V. P. and T. M.
General Offices. Baltimore. Md.
D. KIRKLAND,
(SUCCESSOR TO R. KIRKLAND)
-BUYER AND DEALER IN
RAW FURS, SKINS,
HIDES, WAX, WOOL
- 4 ALLIGATOR SKINS.
417-419 St. Julian Street, WecL
—in'j.irwjp**e—,
ir TOil WANT GOOD MATERIAL
end work, order your Uthogr*pb*4 and
printed *t*Uu*nr and blank hwolHk
from Morning New*, Savannah, On.
9