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trade and finance
COTTON CLOSES STEADY AT SHARP
DECLINES ON OLD MONTHS.
new YORK FUTURES OFF.
■ri RPENTINE FIRM AT 41-2 c.
WITH THE DEMAND LOOKING
BETTER.
The Belief Is That the Demand for
Export Will from Now on Be
Rosins Firm at the De
el ine—Spot Cotton Qniet and
Meafiy—Local and Telegraphic
Markets.
The Morning News Office,
Tuesday, April 14.
The cotton markets about lost
their gains of yesterday on to-day's
operations, which brought New York
down 0(g23 points, and New Orleans
r< 113 points. Savannah spot closed
quiet and steady and unchanged, with
saies light and the demand dull and
indifferent. Inquiry for cotton for
through shipment was also limited,
with no urgent demand existing in any
quarter for supplies. The offerings
were fairly free.
The naval Btores markets closed
with turpentine firm at 49%c, and ros
ins firm at the decline. The demand
tor both was considered satisfactory.
In some quarters a better feeling ex
ists on the belief that the export de
mand is stronger than at any time
since the new season opened.
New York stocks closed steady, with
some recovery in parts of the list fol
lowing yesterday’s declines. Details of
the different markets as follows:
COTTON.
Spot cotton closed quiet and steady,
with the demand indifferent and little
doing in any quarter. Sales by fac
tors were officially reported as 22.
The receipts were 453, against 1,478
last year. In the f. o. b. market the
demand was light, and only a moder
ate business being done. The current
quotation for basis good middling was
lOVCc.
The following were the official spot
quotations at the close of the market
at the Cotton Exchange today:
Thls| Last
day. | year.
Good middling 10% |9%
Middling A. .10 8%
Low middling 9% 8%
Good ordinary .. 8% 18 1-16
Market quiet and steady; sales 22.
~Receipts. Exports and Stocks—
Receipts this day 453
Last year 1.478
Year before last 1,839
Receipts since Sept. 1, 1902 1,253,739
Receipts same time last year ..1,063,872
Stock to-day 47.850
Stock last year 40,105
ExDOrtR —
Coast 154
Receipts and Stocks at All Ports —
Receipts this day 13,239
This day last year 12,344
This day year before last .... 12,722
So far this week 30,976
Last Year 31,182
Year before last 38,647
Receipts since Sept. 1, 1902 7,182,253
Stock at all ports to-day 329,387
Stock same day last year 659,810
Daily Cotton Market—
Galveston —Steady; middling, 10%;
net receipts, 4,709; gross. 4,709; stock,
44,858. Exports—Great Britain, 7,712.
Norfolk —Firm; middling, 10%; net
receipts, 996; gross, 996; saies, 25; stock
8,559. Exports—Coastwise, 1,350.
Baltimore—Nominal; middling, 10%;
gross receipts, 165; stock, 4,532.
Boston —Quiet; middling, 10.65; net
receipts. 686; gross, 1,299. Exports—
Great Britain, 392.
Wilmington—Firm; middling, 9%; net
receipts, 73; gross, " 7 3; stock, 5,069.
Philadelphia—Quiet; middling, 10.75;
net receipts, 129; gross, 698; stock, 2,-
800. Exports—Great Britain, 569.
Savannah —Quiet; middling, 10; net
receipts, 453; gross, 453; sales, 22;
stock, 47,850. Exports—Coastwise, 1,-
521.
New Orleans —Quiet: middling,
10 3-16; net receipts, 5,406; gross, 5,406;
sales, 2,450; stock, 140,645. Exports—
Coastwise, 5,200; continent, 100.
Mobile —Nonimal; middling. 10; net
receipts, 658; gross, 658; sales, 1,70(5,
stock, 5,812. Exports—Coastwise, 850.
•Memphis—Steady; middling, 10; net
receipts, 1,498; gross, 2,032; sales, 135;
stock, 32,779.
‘Augusta—Quiet; middling, 10%; net
receipts, 239; gross, 239; stock, 13,377.
Charleston —Firm; middling. 10; net
receipts, 7; gross, 7; stock. 3,828.
•Cincinnati —Steady; middling, 10%;
net receipts, 345; gross, 345; stpck, 11,-
799. ,
‘Louisville —Firm: middling, 9%.
•St. Louis —Firm; middling. 10; net
receipts, 318; gross, 1,983; sales, 928;
stock, 18,021.
•Houston —Easy; middling, 10 1-16;
net receipts, 5,010; gross, 5,010; sales,
31; stock. 30,555.
New York—Quiet; middling, 10.50;
net receipts, 122; gross, 1,371; stock,
57,013. Exports—Great Britain, 242;
continent, 1,024; France, 19.
Total To-day, at All Seaports—Net,
13,239; Great Britain, 8,915; France, 19;
continent, 1.124; stock, 329,387.
Consolidated, at All Seaports—Net,
30,976; Great Britain, 10,572; France,
31; continent, 8,243.
Total Since Sept. 1, at All Seaports—
Net, 7,182,253; Great Britain, 2,57,030;
France, 726,700; continent, 2,667,083.
•Not included in totals.
SEA ISLAND COTTON.
The sea island cotton market closed
quiet and firm, with no material
change in quotations. The demand was
satisfactory. The crop in sight to
date now exceeds 100,000 bales, against
SO,OOO last year, and about 80,000 year
before last. The government esti
mates the crop from its ginners’ re
ports at over 104,000 bales, and present
indications point to fully that much
coming into sight before the season
closes.
Prices about as follows:
Fancy Floridas 21 @23
Kxtra choice Floridas 10
t’hoice Floridas IR*4@l6
Fancy Georgias 19^@20
Kxtra choice Georgias 17 @
Fhoice 15H@16
Extra fine Georgias 14(6
Pine 13
Medium fine 12
Commons 10 @ll
_ Week Ending April 10—
1903.1' 1902.
Receipts (gross) 970 51
Receipts (net) ■. 970 51
Sales • 712 541
Exports 3,430 1,200
Stock 10,848 8,762
Receipts since Sept. 1
(gross) 73,623 46,604
Receipts since Sept. 1
(net) 71,439 46,597
Charleston, April 10.—Sea Island cot
ton market: Receipts none; exports
none: sales 29; stock 26.
COTTON FUTURES.
New York, April 14.—The cotton
market opened steady at a decline of 3
points to an advance of 1 point under
disappointing cables and liquidation,
but almost Immediately turnej strong-
A- B. BAXTER & CO-, INC.,
Successors to Murphy & Cos.,
Board of Trade Building, Savannah.
Private leased wires direct to New
York, Chicago and New Orleans.
COTTON. STOCKS AND GRAIN.
New York office, No. 61 Broadway.
Offices ip principal cities throughout
the South. Write for our market man
ual and book containing Instruction
for traders.
W. 0. TYSON,
PUBLIC ACCOUNTANT,
Board of Trade Building, Savannah, Ga.
eras a result of fresh purchases of
May by the bull leaders and of fur
ther covering of shorts. T'he action cf
the hull pool in forcing this level was
apparently for the purpose of securing
a ijetter selling level, tor when May
reached 10.60 c and July 10.17 c, the
market broke sharply under heavy
liquidation, which was apparently
chiefly for this account. The decline
was encouraged by the liberal receipts
for the day, which turned out 13,239
bales against 12,344 bales last year,
and by the rather bearish compari
sons afforded by the interior move
ment. The later cables from Liverpool
also were a factor in the weakness. In
order to conform with the New York
closing of last night Liverpool this
morning was due to come about 4 to
15 points higher, instead of which
opening prices there were only 5@6
points higher and the close was at an
advance of but 2@3% points. Still
after a. decline of about 9@12 points on
the active old crop positions the mar
ket was again rallied by the clique,
who seemed to be operating for the
purpose of scalping fractional profits.
On this advance prices were marked
up 10 points on May and then followed
a fresh wave of selling again led by
the bull party, which carried prices
rapidly downward. This decline re
ceived a slight check during the first
part of the last hour due to room
covering, but was quickly resumed
and the market was finally steady at
a net decline of 5@23 points, that level
being within a point of the lowest for
May and July. As has been the case
recently the new: crop months were
generally quiet, attention being cen
tered on the May and July develop
ments. Speculation to-day was slight
ly more active, sales of futures being
estimated at 300,000 bales, but re
mained largely professional.
Cotton futures' at New York, April
14—
Options. | Open. High. | Low. | Close
April ."7777777’ 10.47 10.35 10T30
May 10.56 10.60 10.36 10.37
June 10.15 10.04 10.00
July 10.14 10.17 9.98 9.99
August 9.52 9.54 9.41 9.44
September |.. 8.83 8.85 8.79 1 8.79
October ... 8.53 8.57 8.51 8.51
November .. 8.46 8.46 8.51 8.51
December .. 8.44 8.45 8.38 8.39
January ... 8.42
Cotton futures opened steady and
closed steady.
NEW ORLEANS COTTON MARKET.
New Orleans, April 14. —In the spot
cotton market the tone was quiet and
trading was limited. Quotations un
changed.
In futures the fluctuations were rapid
and sufficiently large to make it Inter
esting for all trailers. The opening
prices were 3@5 points below yester
day’s closing. May opened 5 points
down, at 10.31 c, and then advanced 9
points until it sold 4 points above the
closing of yesterday. Toward noon it
was 7 points below the closing and 11
points below the highest level of the
day. There were similar fluctuations in
the other active months. At the close
the market showed net losses of 9 to
13 points on the old crop, and 3 to 5
points on the new crop positions.
New Orleans, April 14.—Cotton fu
tures barely steady; April, 10.10 c; May,
10.23<3>10.24c; June, 10.24@10.26c; July,
10.26@10.27c; August, 9.65@9.66c; Sep
tember, 8.84@8.85c; October, 8.40@8.41c;
November, 8.28@5,29c; December, 8.28@
8.29 c.
LIVERPOOL COTTON MARKET.
Liverpool, April 14.—Cotton: Spot,
moderate business done; prices 6
points higher; American middling
fair, 5.94d; good middling, 6.62d; mid
dling, 5.46d; low middling, 5.32d; good
ordinary, 5.16d; ordinary, 5.04d. The
sales of the day were 7,000 bales, of
which 500 were for speculation and ex
port and included 6,800 American. Re
ceipts since last report 63,000 bales, in
cluding 43,900 American.
Futures opened firm and closed
steady; American middling, g. o. c.:
April, 5.27@5.28d; April-May, 5.27®
5.28(5; May-June, 5.28@5.25d: June
.Tuly, 5.29d; July-August, 5.28@5.29d;
August-September, 5.18d; September-
October, 4.81d; October-November,
4.62d; November-December, 4.54@4.55d.
Baxter and Co.’s Cotton Letter.
New York, April 14.—Cotton showed
2 to 4 points decline when the market
opened. This was due to a poor show
ing in Liverpool market. There was
not much doing and attention was
given to the movement and the
weather reports. Receipts at ports
were moderate and people are asking
where is the cotton and why does it
not turn up at present attractive
prices. There was more or less rain
in Atlantic and Gulf States and this
cannot fail to further retard planting
preparations. The short interest is
yet extensive and the near months are
considered to be in good shape for a
further rise. The setback and unset
tled conditions in Wall street is being
felt in cotton, but the statistical sit
uation is so strong that there is gen
eral hesitation and decided aversion in
operating on the short side in the old
crop months. Increased acreage and
fertilizer sales are reported every
where, but neither of these insure a
big crop, and hence both are ignored.
The clique undertook to sell July after
the opening, the result being a sharp
break. Port receipts 12,000, against
12,000 last year. Cables were 2 to 4
higher. Reports were current of 50,000
bales en route here from the South.
This broke the market and started a
general selling movement.
Habttarri Bros. A Co.’s Cnftan Letter.
New York, April 14.—Our market
opened with sales of May at 10.57@
10.58 c and, after selling at 10.43@10.44c,
ruled at 10.45 c at 1 p. m., and closed at
10.37 c. steady. Liverpool did not fully
respond to the advance here over Eas-
FINANCIAL.
JOHN W. DICKEY,
Stack end Bond Brckcr,
AUGUST A. 04.
Writs far List
HARRIS, GATES & CO.
MEMBERS:
NEW YORK STOCK EXCHANGE.
NEW YORK COTTON EXCHANGE.
NEW YORK PRODUCE EXCHANGE
CHICAGO STOCK EXCHANGE.
CHICAGO BOARD OF TRADE.
NEW YORK COFFEE "EXCHANGE.
COTTON DEPARTMENT 10 Wall St.,
New York.
Orders solicited for Future Deliveries.
9
SAVANNAH MORNING NEWS: WEDNESDAY. APRIL 15. 1903.
Savannah Bank
and Trust Go.
Capital, $350,000.
JOSEPH D, WEED, President.
JOHN C. ROWLAND, Vice President.
wm. f. McCauley, Ca.kicr.
•AML. L. CLAY, Assistant Cashier.
A general hanking and exchange
business transacted.
••flags Department. taterest
computed quarterly.
Accounts of merchants, hnaks
•nC corporations solicited.
American Express Company's let
ters ot credit issued available la ail
Parts of the world.
Collections carefully mad# ad
promptly accounted for.
Safety Deposit Boxes sad ‘erage
' aalts for rent.
Correspondence tnylted.
ter, apparently that market was sup
plied by Egyptian and American hold
ers through realizing sales. Here the
opening was steady and for a few
minutes the market held until the
arbitrage operators who have been
long here began to reverse their oper
ations. Under this pressure and sell
ing by the bulls the market slowly re
ceded, some very heavy Celling by the
bull leaders was made at about the
lowest point to another leading bull
from the South. The semi-weekly
movement at the Interior towns was
heavy, with an increase in the stocks
pointing to a large In sight movement
for the week. Local traders regard to
day’s decline as a reaction and an at
tempt to prevent cotton from coming
here. At one time cotton could have
been brought here from Liverpool.
Heavy selling by the bulls continue
the feature to the close. Liverpool Is
expected to come lower on the move
ment. The spot market was quiet, 15
points decline. Middling, 10%c; last
year, 9%c; May closed at 10.37 c; last
year, 9.02@9.03c.
Harris, Gates * Co.’s Cotton Letter.
New York, April 14.—Harris, Gates
& Cos., say to-day in their cotton let
ter: Liverpool advices were decidedly
disappointing in view of the advance
in this market yesterday, but prices
were well sustained at the opening,
yielding shotrly afterwards under the
pressure of general and extensive of
ferings. After considerable decline
there was a sharp reaction, followed
by a still further break on open sell
ing by the bull leaders. The move
ment in the fall months was relatively
unimportant, with a slight loss for the
day.
DRY GOODS.
New York, April 14.—The weather has
been the dominant factor in the dry
goods market to-day, buyers being con
spicuous by their absence. Fluctua
tions in the raw material have also
affected buyers who are purchasing
only from hand to mouth:* Deliveries
are still poor on a great many lines
and the prospect of Improvement not
very bright for the immediate future.
Manchester, April 14.—Cloths Dim,
but not active. Yarns rather firmer.
NAVAL STORES.
Tuesday, April 14.
SPIRIT?—The turpentine market
opened firm at 49%c bid, no sales, and
closed firm at 49Vie, sales 658 casks.
The demand appeared to be some bet
ter, and factors took a more favorable
view of the situation. Talk of the for
mal opening up of the export demand
was heard, and the belief freely ex
pressed that from now on the pros
pects are for fairly liberal taking of
the offerings if the demand as now
indicated holds out. The receipts were
1,684 casks, of which 694 casks were
Savannah factors net receipts. The
exports were none.
In connection with the exporting of
turpentine from Florida ports the part
cargo of the steamship Zeeburg, which
cleared at the Custom House to-day
with 1,000 barrels of rosin loaded at
Fernandina. may be an indication of
the way this business is to be conduct
ed. The idea has been that steamers
for this port would touch at Fer
nandina and other Florida ports for
naval stores, and then come on here
for their regular cargo. From the
way the foreign movement has started
it appears that there is something in
the belief. At Fernandina preparations
are understood to be making for the
extensive handlfng of the products
there. The S. P. Shotter Cos., are said
to be 'building wharves, sheds and
equipping terminals for the storage
and handling of their stuff independ
ently.
ROSINS—The market opened un
changed, with no sales, and closed
firm at the declines noted below. The
demand was fair. Sales by factors
were 2,398 barrels. Receipts 2,350 bar
rels, and the exports 2,850 berrals.
Prices as follows: —•
|Yester-| Last
SPIRITS— To-day| day, j Year
Regulars 4S V4l 60 I 42~%
Sales 658 j 44 660
i Rosins, firm—
W. W. ......... 3.50 T 3.60 ....
W. G 3.35 3.45
N 3.25 3.35
M. 3:15 3.20
K 3.00 3.00
I 2.85 2.85
H 2.40 2.40
G 2.05 2.10
F 2.00 2.05
E 1.95 2.00
D 1.95 2.00
A. B. C 1.95 2.00
Sales_ | 2.398_
Naval Stores Statement—
-1902-1903.
Spirits. Rosin.
Stock April 1, 1903 1,241 110,123
Receipts to-day 1,664 2,350
Receipts previously 3,799 9,685
Total to date 6,704 122,158
Exports to-day 2,850
Exports previously 4,422 19,982
Total to date 4,422 22,832
Stock to-day 2,282 99,382
New York, April 14. —Rosin steady.
Turpentine nominal, 56@56%c. asked.
Charleston. April 14.—Turpentine
nominal, 49c; sales none.
Rosin nominal. A, B, C, D. E, $1.90;
F, $1.95; G, $2.00; H, $2.30; I, $2.75; K,
$2.90; M. $3.10; N, $3.25; W, G. $3.35;
W, W. $3.50.
Wilmington, April 14.—Spirits turpen
tine, nothing doing; receipts 3 casks.
Rosin nominal; receipts 206 barrels.
Crude turpentine quiet, $2.00, $3.50
and $3.75. Receipts 36 barrels.
Tar firm, $1.65; receipts 163 barrels.
New Orleans, April 14.—Receipts, ros
in 55 barrels.
FINANCIAL.
FOREIGN EXCHANGE Market
weak. Commercial demand, sterling,
$4.56V4; sixty days, $4.83*4; ninety days
$4.82. French, 5.19%; Swiss, sixty days,
5.21; Belgian, 5.21; marks, sixty days,
94%; ninety days, 94 8-16.
DOMESTIC N. Y. EXCHANGE—
Buy at 50c per SI,OOO discount.
Sell: T T P to $25.00. 10c; $25 to SSO, 15c;
SSO to SIOO, 20c; SIOO to S2OO, 25c; S2OO
to S3OO. 30c; S3OO to S4OO, 35c; S4OO to
SSOO, 40c; SSOO to S6OO, 45c. Over S6OO at
the rate of 75c per SI,OOO premium.
SECURITIES—Trading during the
past few days has shown little change,
with the demand ter all the desirable
igii|
Schedule effective Jan. 4, 1903.
Trains arrive and depart tram Can
tral Station, West Broad, foot at
Liberty street, except for Tybee.
Mth Meridian Time—One hour elowar
_ than city time. _
Leave Arrive
Savannah: Savannah:
Augusta, Macon, At
lanta, Athens, Cov
ington, Mllledgeville.
• 7 00am Amerlcus, Albany • • 10pm
and intermediate
_ points. _
t 7 00am Statesboro, SUllmorelt < 10pm
and Browton.
Augusta, Macon,
Atlanta, Athens,
Montgomery,
• • 00pm Columbus, Blrmlng-J* 7 Mam
ham, Amcricus, (
Albany, Eufaula, I
and Troy. f
Dover
t • 00pm anfl Statesboro t 748 am
Accommodation.
Dover, Statesboro, 1
• 4 10pm Stillmore and i*lo 40am
I Dublin. 1
I Guyton.
t 2 00pm( Accommodation .[t6oo am
BETWEEN SAVANNAH AND TY
BEE.
Trains arrive at and depart *ro?n
Tybee depot, Randolph street, foot of
President.
Standard (90th meridian) time, one
hour slower than Savannah city time.
LEAVE SAVANNAH.
•9:00 a. m., *2:30 p. m.
LEAVE TYBEE.
•9:45 a. m., *5 00 p. m.
•Dally. TExcept 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, Columbus, Ga., and Birming
ham, Ala.
Parlor cars on day trains between
Savannah, Macon and Atlanta.
For complete Information, schedules,
rstes and connections, apply to
W. G. BREWER, City Ticket and
Passenger Agent, 107 Bull street, or
W. R. McINTYRE, Depot Ticket
Agent.
J. C. HAILE, Gen. Pass. Agent.
F. J. ROBINSON, Asst. Gen’l Pass.
Agent. v
W. A. WINBtTRN, Vice President and
Traffic Manager.
THEO. D. KLINE. General Supt.
Savannah. Ga.
Savannah and Statesboro R’y
Through Passenger Trains
Savannah to Statesboro
—via—
Seaboard and S. Sc S. R’y.
Effective Sunday, Nov. 28.
Leave Savannah daily 4:00 p. m.
Arrive Statesboro, 6:15 p. m.
Leave Statesboro, 7:00 a. m.
Arrive Savannah, 9:15 a. m.
Another train, connecting at Cuyler,
leaves Savannah 7:00 a. m., arrive
Statesboro, 10 a. m. Leave Statesooro
4 p. m„ arrive Savannah 8:30 p. m.
—Shortest and Quickest Route.—
issues. The market is quiet and firm.
Bank Stocks.
Bid. Asked.
Citizens Bank 155
Chatham Bank 77
Chatham R. E. and I. Cos. .. 55% 56
Germania Bank 150
Merchants National Bank ..114 115
The National Bank of 5av...162
Oglethofpe Saving & Trust ..114
People’s Saving and Loan ..102% 103%
Savannah Bank & Trust ....138% 140
Savannah Trust 112 113
Southern 179 180
Railroads and Industrials.
Bid. Asked.
Augusta and Savannah 120 121
Atlanta and West Point ....159% 160%
do 6 per cent, certif 108 110
Central Ice 110 112
Chat, and Gulf stocks 116
Eagle and Phenix Mfg. C 0... 95 100
George Telephone and Tele
graph 85 88
Georgia Brewery 75 90
Macon Ry. and L. pfd S3 84
do common 30 31
Georgia Railroad, common ..258 260
Propeller Towboat 105
G., S. and F., Ist pfd 99 100
do do 2nd preferred 78 81
Planters’ Rice Mill ...102
Savannah Rice Mill 110
Savannah Elec, preferred ... 91 92
Savannah Elec., common ... 26 26%
Southwestern 120% 121%
Southern Railway pref 92 92%
do common 31% 31%
Savannah Brewing 105% 108
Bonds.
Char., Col. and Aug. Ist 6s
1909 114 116
Char., Col. and Aug. 2d 75... 120 ...
Chat, and Gulf R. R. 6 per ,
cent. Ist mortgage 106 107%
Atlanta 4s, 1923 106 108
Augusta City 4s, 1931 106 107
do 4%5, 1925 112 114
do 6s, 1913 118 120
Ala. Mid. ss, Ind’d, 1928, M.
and N * 112 113
Augusta Factory 6 per cent.,
1915 HO 112
Brunswick and W. 4s, 1938.. 99 100
C. R. R. and Banking collat
eral 5s 107 108
C. of Ga. Ist mortgage ss,
1945, F. and A 120 121
C. of Ga. con. ss, 1945, M.
and N 107% 108
C. and Ga. Ist inc 76 77
do second incomes 34% 35%
do third incomes 25 26
C. of Ga. (M. G. and A. Div.)
5s 108 ...
Columbus. Ga., ss, 1909 108 108%
Columbus Power Cos. 5s ....100 101
Charleston City 4s, 1909 99 100
Eagle and Phenix Mills 6s,
1928 105 ...
Enterprise Mfg. Cos. 6s, 1902.. 100 ...
G. R. R. 6s. 1910 112 ...
G. S. and F. lsts 115 116
Georgia and Ala. cons. 55..11l 111%
Georgia State 3%5, 1930 ....109% 111
do 3%5, 1915, M. and N....107 108
do 4%5, 1915 115% 116
Macon City 6s, 1910, J. and J. 114 116
do 4%5, quar., gen 110
Macon Ry. and L. Bonds .... 95% 96
Ocean Steamship ss. 1920 110
Savannah city ss, 1909 106% 107%
Savannah city ss. 1913 109% 110%
Savannah Electric Cos. 55.... 96 97
Seaboard 4s 84 84%
Seaboard 10-year 5s 102% ...
S. C. State 4%5, 1933 100 102
Sibley Mfg. Cos. 6s, 1903 ....100 102
South Bound 5s 11l 112
MONEY MARKET.
New York, April 14.—Money on call
steady at 3@5% per cent., closing offered
3 per cent. Time money steady 60 days
6% per cent.; 90 days 5% per cent.; six
months 5@5% per cent. Prime mercan
tile paper 5%®5% per cent.; sterling ex
change steady at decline with actual
business in bankers bills at $4.86.65 for
demand, and at $4.y.45®4.83.60 for six
ty days bills. Posted rates $4.84%®
4.87%. Commercial bills $4.82%@4.83%.
Bar silver 48%c. Mexican dollars 38%c.
flfr Southern
sß <Q|y Railway.
Trains arrive and depart Savannah
by 90th meridian time—one hour slow
er than city time.
Schedule effective April 11, 1903.
TO THE NORTH AND EAST.
I Daily| Daily
_ j No. 34: No. 30
Lv Savannah (Cent. TANARUS.).. 12 55p.12 25a
Ar Blackville (E. TANARUS.) 4 35p| 4 15a
Ar Columbia 6 Ispj 6 00a
Ar Charlotte 9 20p| 9 65a
Ar Greensboro 11 54p 12 50p
Ar Danville 12 57a'; 2 05p
Ar Norfolk 9 65a|10 40p
Ar Richmond | 6 55aj 6 2rip
Ar Lynchburg 2 46a 4 17p
Ar Charlottesville 4 35a 6 lOp
Ar Washington 7 40a 9 50p
Ar Baltimore 8 56a 11 35p
Ar Philadelphia 11 12a 2 56a
Ar New York ... 1 43p 6 13a
Ar Boston 8 20p 2 OOp
TO THE NORTH AND~~WEST~
Lv Savannah (Central Time).. 12 25am
Ar Columbia (Eastern Time).. 6 00am
Ar Spartanburg 10 05am
Ar Asheville (Central Time).. 12 50pm
Ar Hot Springs 2 37pm
Ar Knoxville 6 00pm
Ar Lexington 6 55am
Ar Cincinnati 8 15am
Ar Louisville 6 30am
Ar St. Louis 6 36pm
TO TJIE WEST VIA. JESUP.
|Dally Daily
[No. 29 No. 33
Lv Savannah (Cent. TANARUS.).. 5 16a 315 p
Ar Macon 1 30p 3 00a
Ar Atlanta 4 lOp 5 20a
Ar Birmingham 9 55p 11 45a
Ar Memphis 7 15a! S t);.p
Ar Kansas City 7 00a 9 40a
Ar Chattanooga 9 50p 9 45a
Ar Memphis 8 20a,
Ar Cincinnati 8 15a 7 30p
Ar Louisville 10 Ssa 8 15p
Ar St. Louis 7 32a 7 32a
Trains arrive Savannah as follows:
No. 29, dally, from New York, Wash
ington and Cincinnati, 5:10 a. m.
No. 38, dally, from New York and
Washington, 3:05 p. m.
No. 30, daily, from all points West,
via Jesup, 12:20 a. m.
No. 34, daily, from all points West,
via Jesup, 12:50 p. m.
All trains arrive and depart from
the Union Depot.
THROUGH CAR SERVICE, ETC.
Trains 33 and 34, NEW YORK AND
FLORIDA EXPRESS, Vestibuled lim
ited trains, with Pullman Drawing
room Sleeping Cars between Savannah
and New York. Connect at Washing
ton with Colonial Express for Boston.
Pullman Sleeping Cars between Char
lotte and Richmond and Charlotte and
Norfolk. Dining Cars serve all meals
en route.
Trains 33 and 34 connect at Jesup
with through Pullman Drawing-room
Sleeping Cars operated from and to
Kansas City via Birmingham, and
from and to Cincinnati via Chatta
nooga.
Trains 29 and 30, THE WASHING
TON AND FLORIDA LIMITED.
Vestibuled limited trains, carrying
Pullman Drawing-room Sleeping Cars
between Savannah and New York.
Dining Cars serve all meals en route.
Also Pullman Drawing-room Sleeping
Cars between Savannah and Clncln
ratl, through Asheville and "The Land
of tile Sky.”
For information as to rates, sched
ules, etc., apply to
C’. H. ACRERT, G.* M., Washington,
D. C.
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
850.
Mercitonis £ Miners rmosporMonCo
Steamship Lines
To Baltimore & Philadelphia
Tickets on Sale to All Points North
and West.
First-class tickets include meals and
berths Savannah to Baltimore and
Philadelphia. Accommodations and
cuisine unequaled.
The steamships of this company are
appointed to sail from SavannalL as
follows (Central Standard Time):
TO BALTUHOHB.
•NEW ORLEANS, Capt. Peters,
THURSDAY, April 16, 7 p. m.
LEXINGTON, Capt. Kirwan, SATUR
DAY. April 18, 8 p. m.
TASCA, Capt. Hudgins, TUESDAY,
April 21, 12, noon.
TO PHILADELPHIA.
D. H. MILLER, Capt. McDorman,
WEDNESDAY, April 15, 7 p. m.
ALLEGHANY, Capt. Chase, SATUR
DAY, April 18, 8 p. m.
BERKSHIRE, Capt. Ryan, WEDNES
DAY, April 22, 1 p. m.
•Steamship New Orleans carries in
termediate passenger* only.
Ticket Office No. 112 Bull street.
J. W. SMITH, Agent.
J. A. DUFOUR, 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.
Government bonds steady. Railroad
bonds irregular.
STOCKS ANDBONDS.
New York, April 14.—The downward
course of stock prices was turned to
day by the influential support in face
of continued heavy liquidation at the
opening. When the heavy outpouring
of stocks was once stopped the bears
began to look about to secure stocks
to cover their short contracts. In the
earlier stages of the recovery this was
done in a very leisurely and indiffer
ent manner, but towards the end of
the day the buying for bear account
to cover became decidedly urgent.
The turn against the short account
was furthered by the circulation of
a rumor just before the close that
several alternative plans of reorgani
zation for the Northern Securities
Company had been devised and would
he laid before the authorities at Wash
ington with the purpose of compromis
ing the government’s suit against the
company by arranging a status to
conform with the law and thus avoid
an appeal of the case to the Supreme
Court. This story was promptly de
nied, but this denial did not reach the
floor of the Stock Exchange before
the close, so that the alarm of the
bears was unaliayed. Previous to that
time there was a marked decrease in
the volume of business as prices ad
vanced and little inclination to follow
the advance on the part of buyer*.
The tone of the market during the
opening struggle between the two
speculative parties on the exchange
was extremely feverish and Irregular,
the bidding up of prices being con
stantly met with heavy selling, while
at the declines the buying orders were
executed with increasing determina
tion.
A substantial recovery in Northern
Securities on the curb at the open
ing and a subsequent relapse to near
lust night’s level had quick Sympa
thetic response on the Stock Exchange
and a final recovery to aboot 98 con
Atlantic Coast Line Railroad Cos.
%
EFFECTIVE APRIL 11. 1903.
Trains Operated by 90th Meridian Time—One Hour Slower Than City Time.
•Daily. tDaily, ex. Sunday.
*32 T ’44 *7B I ~ NORTH AN D~~SO~UT H ~ | •23~ v 35"| *45~
1 lOp 5 Ssa Lv Savannah Ar| 3 00a 7 55a 6 35p
5 15p 10 Ola 6 20a|Ar Charleston Lvjll 35p 5 50a 315 p
11 45p 1 40a Ar Wilmington ’ t.... Lv| 345 p
4 07a 7 45a Ar Richmond Lv| 8 30a 6 56p ...••
7 54a 11 40p Ar Washington Lvl 4 10a| 316 p
9 10a 1 23aWr Baltimore Lvl 2 37aj 1 44p ......
1125a...... 4 05a Ar Philadelphia Lv 12 10a111 30a
2 OOp 7 15a|Ar New York Lvj 9 25p| 8 55a
~~*57 *2l | *35 *23 | SOUTH *SB *32 [ *22 f *' B
5 SOp 2 30pi 8 05a 3 30a;Lv Savannah Ar 9 35a 1 06p| 8 15p 1 15a
9 OOp 5 OOp 10 55a 6 20a|Ar Waycross Lv 6 30a 10 25a 5 lOp 10 15p
1 05a 2 45p 11 OOaiAr.... Thomasvllle Lv 3 25a 7 00a 1 40p 1 40p
8 05ft 6 20p|Ar Montgomery Lv 7 45p 6 30a 6 30a
2 20a 4 OOp 12 04pi Ar Batnbiidge Lv 1 50a 5 45a l 2 20p 12 20p
1 35a Ar.... Punta Gorda Lvl 4 05p .
NORTH. WEBf~AND SOUTHWEST.
I 57_| Via Jesup. | 58 i 23 | 57 [Via M'tg'meryl 53 | 22
- <5 20a|Ar Atlanta Lv 10 45p 8 20pl 2 30a|Ar L’vllle Lv| 3 00a' 9 12p
8 05p Ar Me’phls Lv 8 15a 2 55a 4 15p|Ar Mobile Lv 12 30p 12 SOp
Trains into and out of Charleston are operated by Eastern time.
Through Pullman Sleeping Car Service to North, East and West and t®
Florld'a. |
Connections made at Port Tampa with U. S. mail steamship of the Penin
sular and Occidental Steamship Line, leaving Port Tampa Sundays, Tues
days and Thursdays at 11:00 p. m. :
Trains 21 and 22 carry Pullman Buffet Parlor Cars, Savanrtah and Jack
sonville. .
H. M. EMERSON, Traffic Manager, Wilmington, N. C.
W. J. CRAIG, Gen’l Pass. Agent, Wilmington, N. C.
W. H. LEAHY, Division Pass. Agent, Savannah, Ga.
J. H. D. BHELLMAN, Trav. Pass. Agent, De Soto Hotel. ’Phones 73.
R. C. BLATTNER, Union Ticket Agent. Bell 'phone 235. Georgia 911.
I. C. SAPP, Ticket Agent, De Soto Hotel. 'Phones 73.
S EABOARD
AIR LINE RAILWAY,
Schedule Effective April 12, 1903 —90th Meridian Time —One hour slower than
City Time, to and from all points south of Columbia; Eastern Time
north of Columbia. _
READ DOWN. READ UPI
No. 27 No. 311 NORTH AND SOUTH No. 34;N0. 66
12 10ai2 55pLv NEW YORK Ar 4 15p| 6 13a
7 20a 329 pLv Philadelphia Ar 1 36p! 2 56a
9 34a 5 45p Lv Baltimore Ar 12 25a|U 25p
10 46a 7 OOp Lv Washington Ar 10 lOaj 8 86p
2 15p 10 35p|Lv Richmond Ar 6 35ai 4 55p
9 25a 9 05p|Lv Portsmouth Ar 8 ofla| 5 35p
7 30p 3 55a|Lv Raleigh Ar 1 25a1tl soa
330 p |Lv Wilmington Ar ...... 112 45p
12 62a| 9 54a|Lv Camden Ar 7 35p| 6 30a
12 55a 10 00a r .v ('• I'imbia Ar 5 30pj 4 25a
5 10a 2 25p Lv SAVANNAH Lv 1 15p|12 10a
8 02a 5 15p Ar Darien LvjlO 05a|
7 55a 5 30p Ar Brunswick Lv 10 05a 9 OOp
10 05a 6 45p Ar Fernandina Lv 8 50a 7 50p
9 15a 6 60p Ar JACKSONVILLE Lv 8 45a 7 60p
1 58p 1 50a Ar Ocala Lv 2 35a 19 41p
5 lOp 7 45a Ar Orlando Lv 6 OOp 8 25a
6 OOp 6 45a Ar Tampa Lv 9 OOp 8 50a
11 22a |Ar Lake City Lv 5 36p
12 04p |Ar Live Oak Lv 4 slp
315 p |Ar Tallahassee Lv 1 53p
5 05p [Ar River Juction Lv...... 12 20p
No. 73 N0.71 No. 87| WEST No". 88 N0.721N0.74| No.7IjWEBT ft NW.|N<T72
4 30p 7 00a 4 OOp Lv SAV’H. Ar 9 15a 8 30p'l0 00a! 7 OOalLv. SAV’H. Arl 8 30p
716 p 9 48a [Ar. Lyons. Lv 6 01p 7 07a U33nlAr Dublin. Lv| 4 24p
8 45p 11 20a IAjT Helena Lv 4 20p 6 00a 1 30p|Ar. Macon. Lv 2 30p
8 00a 4 20p Ar Fltzg’d. Lv 9 45a 4 10p|Ar ATL'TA Lv|l2 05p
6 51a 1 26p Ar Cordele Lv 2 OSp 5 55p 9 50p|Ar Chat’g Lvl 6 45a
7 58a 303 p Ar Albany Lv 12 05p 7 OOp 8 15ajAr Cin'ti Lv| 8 05p
7 37a 312 p Ar Am’cus Lv 12 35p 4 50p Through coach Savan
-10 25a 5 15p Ar Col’bus. Lv 10 15a 2 15p nah to Macon via Vi
Nos. 31 and 34 SEABOARD EXPRESS, scJlld vestibuled train from Jackson
ville to Washington, with through Pullman sleeping cars, Tampa to New
York via Savannah. Cafe dining cars serving all meals between Jackson
ville and Hamlet.
Nos. 27 and 66, SEABOARD MAIL, through vestibuled trains between
Jacksonville and Washington, with Pullman Buffet sleeping cars to and
from New York.
Nos. 71 and 72, WESTERN EXPRESS, close connection at Montgom
ery for Mobile, New Orleans and Southwestern points. Double dally
service, except Sundays, between Savannah and Statesboro. These trains
carry through cars between Savannah and Macon, where close connection
is made for Northern and Northwestern points.
Full information at City Ticket Office, No. 7 Bull St. Telephone No. 28.
C. W. SMALL, C. P. and T. A.
R. C. BLATTNER, Union Depot Ticket Agent.
W. P. SCRUGGS. C. B. WALWORTH,
Trav. Pass Agent, Savannah, Ga. A. G. P. A., Savannah, Ga.
OCEAN STEAMSHIP CO. of SAVANNAH
For New York, Boston and the East.
Unsurpassed cabin accommodations. All the comforts of a modern hotel.
Electric lights. Unexcelled table. Tickets Include meals and berths aboard ship.
PASSENGER FARES FROM SAVANNAH.
TO NEW YORK—First Cabin, S2O; First Cabin, round trip, $32; Intermedi
ate Cabin, sls; Intermediate Cabin, round trip, $24; Steerage, $lO.
TO BOSTON—Firet Cabin, $22; First Cabin, round trip, $36; Intermediate
Cabin, sl7; Intermediate Cabin, round trip, S2B; Steerage. $11.76.
The Steamships of this line are appointed to sail from Savannah, Central
(90th meridian) time:
FOR NE W YORK:
CITY OF MEMPHIS, Capt. Savage, KANSAS CITY, Capt. ' Smith, FRI
WBDNESDAY, April 15, 7;30 a. m. DAY, April 24. 3 p. m.
CITY OF SAVANNAH, Capt. Daggett, CITY OF MEMPHIS, Capt. Savage,
FRIDAY, April 17, 8:30 a. m. MONDAY, April 27. 5 p. m.
NACOOCHEE. Capt. Askins, MON- CITY OF SAVANNAH. Capt. Daggett.
DAY, April 20, 11 a. m. WEDNESDAY, April 29, 6 a. m.
CITY OF AUGUSTA, Capt. Burg,
WEDNESDAY. April 22, 1 p. m.
•Steamship City of Memphis carries first rafein passengers only.
tClty of Savannah will not carry intermediate passengers.
Sailings from New York for Savnah at S p. m. on April 16, 17, 21, 23, 25,
28 20
Ths’ Chattahoochee. Capt. Lewis, leaves New York for Boston Saturdays
at 4 |> m. Leaves Boston for New York Wednesdays at t p. m.
Ths Chattahoochee does not carry passengers.
This company reserves the right to change its sailings without notice and
without liability or accountability therefor. ...
L. M. ERSKINB. L. R.VAN DIVIERE. W. G. BREWER,
Agt O. S. S. Cos., wharves. Com. Agt. 17 East Bay. C. T. ft P. A., 107 BuIL
SAVANNAH, GA.
WALTER HAWKINS. General Agent. 224 West Bay St., Jacksonville. Fla,
W PLEASANTS E. Y CHARLTON,
Vies’ President ft Gen’l. Mgr. Gen Freight ft Pass. Agt
Pier 35 North River. New York.
firmed the steadier tone of specula
tion on the exchange. Final prices of
the principal active stocks were from
one to over two points above last
night.
London did its first trading in stocks
this morning since the announcement
of the Northern Securities decision and
the break in Americans there this
morning, although violent. Aas not
sufficient to bring prices down to last
night's closing level here. The open
ing decline here therefore offered In
viting opportunities for buying on
arbitrage account and London took
about 50,000 shares on that account.
The extreme alarm regarding the con
sequences of the Northern Securities
decision, which was so prevalent yes
terday, was quite absent to-day. Very
little attention was given to any other
consideration in the day’s recovery.
Bonds rallied sharply In sympathy
with stocks. Total sales par value, $3,-
245.000. United States bonds were all
unchanged on the last call.
Total sales of stocks were 896,700
shares Including Atchison, 44,800:
figatinued on Eighth Page.
HIDES,
WAX,
WOOL
FURS,
COUNTRY PRODUCE.
Hitrhest market Prices paid.
A. EHRLICH & BRO.,
WHOLESALE
GROCERS AND LIQUOR DEALERS.
m-113-115 Bay Street, W.
ROOFING TINS.
The following brands: TTBB®,**
"CHATHAM." ••OOLBTOHRPEI" and
"OLD STYLE.
J. D. WEED & CO.
9