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TRADE AND FINANCE
rOTTOST FUTURES TAKE A. TUMD
LING SPELL.
PRICES CLOSE AT DECLINES.
SPOT COTTON FIRM. THOUGH IN
JIODEKATE DEMAND.
Turpentine Finn nn<l in Demand at
47 l-4e.— Honing Firm und lUich
rr After tlie Close—Local and Tel
egraph Markets.
The Morning News Office,
Tuesday, June 30.
The declining tendency of the cot
ton futures markets attracted most at
tention in commercial circles to-day.
To many it looked like cotton had about
touched top and was ready for a sharp
drop. Later reports of a strengthening
( haraoter came, however, and prices
recovered some of their losses. Spot
cotton was in general light demand.
The turpentine market closed firm
at 47%c, at which the offerings were
taken. The higher level has been the
basis for the transfer of a large lot
of turpentine, and the appearance of
exporters now encourages friends of
the market since support is expected
front several sources. Rosins closed
firm, and after the closing sold up 5c
on G And below. Details of the dif
ferent markets as follows:
COTTON.
Spot cotton dlosed firm and un
changed, with the demand light. Spot
business continued as it has for week
past, with not enough demand to keep
the trade interested. In the f. o. b.
market a moderate demand was re
ported.
The .following were the official spot
quotations at the close of the market
at the Cotton Exchange to-day:
i This j Last
j day. j year.
Good middling |12% |9%
Middling 112% 8%
Low middling \}2 jB%
Gopd ordinary 111% ]8
Market firm; sales, 3.
Receipts, Exports and Stocks—
Receipts this day 23
Last year 712
Year before last 1,146
Receipts 'since Sept. 1, 1902... .1,296,351
Receipts same time last year.. 1,126,911
Stock to-day 9,666
Stock last year 15,793
Exports —
Coast £9O
Receipts at All Ports—
Receipts ports to-day 7,192
Same day last year 1,753
Year before last 12,584
Receipts this week 14,224
Last year 7,3^6
Year before last ••••• 31,728
Receipts since Sept. 1 ........ .7,659,058
Last year 7,479,002
Stock at all ports 246,145
Stock last year —....v. 320,295
Daily Cotton Market—
Galveston—Firm; middling. 12%c;
net receipts, 96: gross, 96; stock, 4,176.
Exports—Coastwise, ,306.
Norfolk—Steady; middling, 13c; net
receipts, 249; gross, 249; stock, 1,814,
Exports—Coastwise, 1,643.
Baltimore —Normal; middling, 13%c;
gross receipts, 275; stock, 632. Exports—
Continent, 646.
Boston—Quiet; middling, 13.25 c; gross
receipts, 286.'-ExporUM-Gifclit * Britain, 2.
Wilmington—Normal; stock. 350'.
Philadelphia—Steady ;middling, 13.25 c;
net receipts, 13; gross, 239; stock, 828.
Savannah—Firm; middling, 12%c: net
receipts, 23; gross, 23; sales. 3; stock,
9,666. Exports—Coastwise, 350.
New Orleans—Quiet; middling, 13%c;
net receipts, 4;R11;- gross, 4,921; sales,
5,150; stock, 63,121. Exports—Coastwise,
636; continent. 5.927.
Mobile—Normal: stock, 1,582. Ex
ports —Coastwise, 7.
•Memphis—Quiet; middling, 13%e;
net receipts, 197; gross, 384; sales, 125;
stock, 3,101.
•Augusta —Irregular; middling. 13c;
net receipts, 1; gross, 1; sales, 13;
stock, 3,240.
Charleston—Normal; stock, 236. Ex
ports—Coastwise. 5.
•Cincinnati—Quiet; middling, 11c; net
receipts, 199; gross, 199; stock, 8,829.
•Louisville—Firm; 13%c.
•St. Louis—Quiet; middling, 13%c;
net receipts, 60; gross, 125; stock, 3,490.
•Houston—Quiet; middling, 1214 c; net
receipts, 105; gross, 105: stock, 5,322.
New York—Quiet; middling, 13c; gross
receipts, 2,374; sales, 36: stock, 163,574.
Exports—Great Britain, 147; continent,
884; France, 147.
Norfolk add 64 bales to receipts since
Sept. 1, and deduct 735 from ex
port. coastwise since, Sept. 1.
Total to-day, at all Seaports—Net
receipts 7,192; Great Britain, 149;
France, 422; continent, 7,457; stock, 246,-
145.
Consolidated, at all Seaports, net
receipts, 14,224; Great Britain, 3,246;
France, 6,643; continent, 902.
Total since Sept., 1, at all Seaports—
Net receipts, 7,659,058; Great Britain,
2,750,137; France, 762.901; continent, 2,-
786,973; .Japan, 135,106.
•Not included in totals.
SEA ISLAND COTTON.
The sea island cotton market closed
quiet the past week, with little doing
in any quarter. The demand was good,
but there is a disposition to ask full
prices in view of the statistical position
of the article, and the poor prospects
for a full crop. There is in sight 102,-
£Ol bales.
Prices about as follows:
Fancy Floridas 21 @23
Extra choice Floridas 15%@19
Choice Floridas 16 @l7
Fancy Georgias -...20 @ —
Extra choice Georgias .17 @1714
Choice 15%@16
Extra fine Georgias 1414
Fine 13
Medium fine 12
Commons 10 @ll
Week Ending June 19—
Receipts (gross) 67 270
Receipts (net) 67 270
Sales 6.245 470
Exports I*7 284
Stock 7,208 7,745
Receipts since Sept. 1
(gross) .74,747,54,145
Receipts since Sept. 1
(net) |72,599|54,133
COTTON FUTURES.
New York, June 30.—The cotton mar
ket opened easy at a decline of 7@B
points amidst great excitement and
general realizing as a result of a sen
sational drop in Liverpool, renewed re
ports of dissensions among the bull
leaders and rumors that part of the
clique holdings were beifig unloaded.
For a time it looked as though the
market was at last going to pieces. Au
gust sold down to 12.42 c after opening
at 12.50 c, and September starting at
11.50 c reached 11.38 c before the first
rush of selling orders received anything
like a check. Accompanying the ru
mors of clique disagreements notices
were issued to the amount of about
10,000 bales, and weather accounts were
distinctly favorable. Very shortly,
however, there were unmistakable e'l
dcnoes of renewed pool support and
the market was rallied almost as rap
idly as It had declined.
Notices were promptly taken care oi,
A- B. BAXTER & CO., INC.,
Murphy & Cos.,
Trad© Building, Savannah.
York ns. leased wires direct to New
ItO W C - , .i. Ch ago and Mew Orleans.
STOCKS AND GRAIN.
rim T ° rk ° mc *• Mo. 61 Broadway,
th? a S .J r principal cities throughout
Lai W J ite for our market man
for traders°° k contalnin 8 instruction
w. 0. TYSON.
PUBLIC ACCOUNTANT,
Board of Trade Building, Savannah, Ga.
' ' ' ~—■————
presumably by the bull party and ad
vices received from New Orleans indi
cated that the various members of the
bull pool were in harmony. A factor
in checking the decline was the crop
report of a trade authority showing a
slight decrease in condition to have
occurred during the month of June, and
this in connection with the weekly re
port of the weather bureau, issued at
midday, aroused apprehensions that
the monthly report of the government
due next Friday would show the lowest
July condition on record. During the
entire afternoon the new crop ruled
relatively active under these Influences
and the list as a whole was firm. July
sold up to 12.70, and at the close was
12.80 bid, a recovery of 40 points from
tire opening figure. August sold up to
12.52 c or to within 2 points of .yester
day’s finals, while September reached
11.75 c, or five points over yesterday’s
close. Just at the close there was a
slight reaction from the best point, but
the market was finally very steady 2
to 14 points higher on the new crop
positions, while July was 18 and August
5 points net lower. Sales were esti
mated at 400,000 bales.
New York, June 30.—Cotton, spot
closed quiet, 25 points lower; middling
uplands, 13.00 c; middling Gulf, 13.25 c;
sales, 36 bales.
Futures opened weak; July, 12.40 c;
August, 12.60 c; September, 11.50 c; Octo
ber, 10.11 c; November, 9.80 c; December,
9.76 c; January, 9.71 c; February, 9.66 c.
Futures closed very steady; July,
12.80 c; August, 12.79 c; September,
11.72 c; October, 10.35 c; November,
10.01 c; December, 9.96 c; January, 9.41 c;
February, 9.86 c; March. 9.85 c.
NEW ORLEANS COTTON MARKET.
New Orleans, June 30—The spot cot
ton market was quiet, but firm. Quota
tions unchanged.
Notwithstanding the fact that both
New York and Liverpool reported the
most sensational declines of the season
this morning the local market for fu
tures remained firm. In spite of this
discouraging outlook for the longs they
went to work quietly to support the
market and before the morning was
half over they had sent prices of new
crop months up for substantial ad
vances. Socm after 11 o'clock Septem
ber was 11 points above the closing of
yesterday: October, 10 points above,
and December 11 points higher. The
bears in both Liverpool and New York
made much of the fact that cotton was
being loaded in Liverpool for New
Orleans. Cables said that the amount
to be shipped was in reality trifling
and would not amount to more than
1,070 bales. The bureau report was
considered bullish and helped put the
finishing touches on the advance. Com
pared with yesterday's closing figures
the list showed declines of 11 points
on July and 12 on August, while Sep
tember had advanced 13 points, Octo
ber 15, and November, December and
January 20 each. Trading in summer,
months, was very light.
New Orleans, La., June 30. —Cotton
futures July, 13.75 c bid; August, 13.75 c
bid; September, 12.00@12.01c bid; Octo
ber, 10.28@10.29e; November, 9.92@9.94e;
December, 9.88<g9.89c; January, 9.85@
9.88 c.
LIVERPOOL COTTON' MARKET.
Liverpool. June 30.—Cotton spot In
limited demand and prices 24 points
lower; American middling fair, 7.00d:
good middling, 6.84d; middling, 6.68d;
low middling, 6.42d; good ordinary,
6.12d; ordinary. 5.92d. The sales of
thp day were 3,000 bales, of which 300
were for speculation and export and
included 2,500 American: receipts, 7,000
bales, including 6,700 'American.
Futures opened easier and closed
quiet and steady; American middling,
good ordinary clause, July, 6.52d; July
and August, 6.51@6.52d; August and
September, 6.44d; September and Octo
ber, 5.9305.94: October and November,
5.49@5.50d; November and December,
5.35d; December and January, 5.28d;
January and February, 5.27d; Febru
ary and March, 5,26d.
Hubluiril Bros. A Co.'s Cotton Letter.
New York, June 30. Our market
opened with sales of August, at 12.50-
12.42 c, closed, 12.79 c, and after selling
at, 12.82-12.42 c, ruled at 12.66 c at 1 p.
m. It appears that the rumor of a
disagreement amongst the pool had
great effect in Europe as it brought
heavy realizing to Liverpool and here.
This depressed the nearby positions
sharply at the opening, but the crop
report of the Journal of Commerce
was worse than expected, giving
strength all day to the distant deliver
ies which are largely oversold in this
market. It has been the custom to
sell December until the short interest
in that position is very ‘large. The
weekly bureau report was considered
as confirming the newspaper reports.
If we are to be confronted with an
other crop not in excess of 11,250,-
000 bales the situation is indeed se
rious and prices will be upon a high
er basis. The demand for the new
crops, especially December, continued
to the close which was steadier on the
new than on the old crop. No evi
dence of support to July or August
was in evidence. The spot market
was quiet 25 points decline.
Baxter and Co.’s Cotton Letter.
New York, June 30.—Cotton opened
at a sharp decline this morning. July
losing as much as 58 points, and other
months 7 to 40 points on comparatively
small dealings and no great excitement.
Bulls were liquidating on theory that
the advance had been ample and that a
reaction was long since due to occur.
Cables were way down, especially for
spots, which showed %and less.
Despite all this there was a special re
port by the Journal of Commerce
showing the condition to be a shade
under last month, which was 75 per
cent. This was decidedly surprising,
even to the bulls, and If it should ap
pear that the figures are anywhere
FINANCIAL.
JOHN W. DICKBY,
Stick ini Bind Bfikir,
AVGUSTA. GA.
Writs tor 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.
SAVANNAH MORMXG SEWS: WEDNESDAY. JULY 1. 1903.
Savannah Bank
and Trust Go.
Capital, $350,000.
JOSEPH D. WEED, President.
JOHN c. ROWLAND, Vice President.
" M. F. McCAULEY, rasliler.
SAMI,. L. CLAY, Assistant Cashier.
A general banking and exchange
business transacted.
Savings Department, interest
computed quarterly.
Accounts of merchants, banks
nnd corporations solicited.
American xpress Company's let
ters of credit issued available In all
parts of the world.
Collections carefully made and
promptly accounted for.
Safety Deposit Baxes and Storage
Vaults for rent.
Correspondence invited.
near reports come in from
other sources, there can be no doubt
but the lower tendency of late must be
promptly arrested. It is possible after
all that the crop has not improved as
was supposed and making due allow
ance for exaggeration by correspon
dents of the newspaper referred to it is
evident that they have not overesti
mated the poor condition by over 10 per
cent., which would still leave the con
dition no better than last year. Other
crop months rallied 10 to 20 points after
the opening, while the new craps recov
ered all they had lost. The undertone,
however, was weak and trading slow.
Cables were 4to 14 power. The weekly
bureau report was more bearish than
expected, but this had no effect on
prices. Port receipts 7,300 against 2,200
last year.
DRY GOODS.
New York, June 30.—The dry goods
market shows no signs of weakening,
but on the other hand, prices are be
ing advanced in all directions. Agents,
however, are not urging the placing
of liberal contracts, as the market for
raw material has caused an artificial
situation, which should not be condu
cive to healthy trading.
NAVAL STORES.
Tuesday, June 30.
SPIRITS—The turpentine market
opened firm at 47%c, sales 550 casks,
and closed firm and unchanged, sales
211 casks. The demand throughout
the day was sufficient to absorb the
offerings, and the ‘tone was such a<-
to promise well for the maintenance
of the price around its present level,
provided the demand keeps around
what it is now. From the country re
ports come of heavy rains. Receipts
are in fair volume. They were to-day,
1,440 casks, and the exports, 1,850
casks.
ROSINS—The rosin market opened
firm and unchanged, sales 1,918 bar
rels, and closed firm and unchanged,
no sal-s. After the closing, G and
below sold up sc. The receipts were
3,635 barrels, and the exports none.
Prices as follows;
!Yester-i Last
SPIRITS— [To-day day. | Year.
Spirits 47% 47 | 45%
Sales 761 339 | 850
Rosins, firm. |
W. _ W 3.30 3730 3 60~
W. G 3.10 3.10 3.45
N 3.00 3.00 3.40
M ! 2.90 2.90 3.05
K 2.80 2.80 2.55
I 2.65 2.65 2.05
H 2.25 2.25 1.70
G 1-70 1.70 1.40
F 1-.65 1.65 1.35
E 1.60 1.60 1.25
D 1.55 1.55 1.25
A. B, C 1.50 1.50 1.25
Skies 1,918 507 1,028
Naval Stores Statement —
Spirits. Rosin.
1903-04.
Stock April 1. 1903 1,241 145,382
Receipts to-day 1,440 3,635
Receipts previously 64,151 126,887
Total to date 66,832 278,404
Exports to date 1,850 .......
Exports previously 56,050 1 98,744
Total to date 57,900 198,744
Stock to date 8,932 77,660
Same day last year 16,192 86,737
New York, June 30.—Rosin, stefcdy;
strained, common to good, $2.05(02.07%.
Turpentine, stelady.
Charleston, S. C„ June 30.—Turpen
tine steady at 46%c.
Rosin steady. Quote A, B, C, $1.45;
D, $1.50; E, $1.55; F, $1.60; G, $1.65; H,
$2.20; X, $2.55; K, $2.70; M, $2.80; N,
$2.90; W G., $3.00; W. W., $3.20.
Wilmington, June 30.—Turpentine,
nothing doing; receipts, 64 casks
Rosin, nothing doing; receipts, 227.
Crude turpentine firm at $1.75, $3.00
and $3.25; receipts, 106.
Tar firm at $1.65; receipts, 33.
New Orleans, June 30.—Receipts,
rosin, 193 barrels; turpentine, 97.
FINANCIAL.
FOREIGN EXCHANGE Market
weak. Commercial demand, sterling,
$4.86%; sixty days. $4.83%; ninety days
$4.82. French. 5.19%; Swiss, sixty days,
5.21; Belgian. 6.21; marks, sixty days.
94%; ninety days, 94 3-16.
DOMESTIC N. Y. EXCHANGE-
Buy at 50c per SI,OOO discount.
Sell; Up to $25.00, 10c; $25 to SSO, 15c;
<SO to *IOO. 20c; SIOO to S2OO, 25c; S2OO
to S3OO. 30c; S3OO to S4OO, 35c; 1400 to
SSOO, 40c: SSOO to S6OO. 45c. Over S6OO at
the rate of 75c per SI,OOO premium.
SECURITIES— There is some'activi
ty in the income bonds of the Central
of Georgia, based on the large Increase
in gross earnings. Other securities are
firm, but very little trading.
Bank Stocks.
Bid. Asked.
Citizens Bank ..158 160
Chatham Bank 82 83
Commercial Bank 101 102
Chatham R. E. and I. C 0.... 53% 54%
Germania Bank 150 155
Merchants National Bank ..114% 115%
The National Bank of Sav—l6s
Oglethorpe Saving and Trust. 117 ex and.
People’s Saving and Loan ..103% 104%
Savannah Bank and Trust ..138 ex and.
Savannah Trust 110 111
Southerh 176 ex and.
Railroads and Industrials.
Bid. Asked.
Augusta and Savannah 119 120
Atlanta and West Point ....158 160
do 6 per cent, certif 108 110
Central Ice 112
Chat, and Gulf stocks 116 ...
George Telephone and Tele
graph 6**
Georgia Brewery 92% 100
Macon Ry. and L. pref 80 82
do common 28 30
Georgia Railroad, c0mm0n..255 25S
propeller Towboat 106 108%
G., S. and F., Ist pfd. 100
do do 2nd preferred 78 81
Planters' Rice Mill JJO 105
Savannah Rice Mill •••
Savannah Elec, preferred ..88 90
Savannah Elec., common .... 20 22%
Savannah Hotel Company •• 70 75
Southwestern. Ex and 116% 1L
Southern Railway pref 88 89
do do common "
Savannah Brewing ••••••
Savannah Cotton Exchange. 5* 65
nouda.
Char.. Col. and Aug. Ist 6s
Char.. Col. and a ug. 2d 75... 120 ...
Chat, and Gulf R. R- 5 ? er
cent. Ist mortgage 10# 107%
Atlanta 4s. 1923 10 108
(GEORGIA,
m. RY CO y
Schedule Effective June 28, 1903.
Trains arrive and depart from Cen
tral Station, West Broad, foot of
Liberty street, except for Tybee.
90th Meridian Time —One hour slower
Jhan_ctty time.
Leave' ~ Arrive
Savannah: Savannah:
Augusta, At
ilanta, Covington, Mil
's 45 amjledgeville, Americus, *6 10 pm
See I Albany, and inter- See
Note',‘A"| mediate points. |Note"A”
18 48 am| Statesboro |M 10 pm
45 am Statesboro, Stiilmore t6lO pm
' and Brewton.
Augusta, Macon.
Atlanta, Athens,
. Montgomery,
9 00pm Columbus, Binning- • 7 00am
ham, Americus,
Albany, Eufaula,
and Troy.
Dover
T*oopm and Statesboro 1 7 48am
Accommodation.
. Dover, Statesboro,
' 4 10pm Stillmcre and tlO 40am
Dublin.
t , Guyton
TZ 00pm Accommodation. ft 6 00am
Seashore Special,
Macon, Eatonton.Mll
,„ „„ i, ledgeville. Augusta,
1 6 30pm|Dub!in, and inter-|5lO 25am
I mediate points. I
I Sunday Only. |
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 am, 9:00 am, 2:30 p
m, 4:15 pm, 6:00 pm, 7:40 pm.
Sundays—7:26 am, 9:00 am, 11:00 am,
2:30 pin, 4:15 pm, 6:00 pm, 7:40 pm.
LEAVE TYBEE.
Week Days—s:oo am, 7:00 am, 9:55 a
m, 5.00 pm, 6:50 pm, 9:20 pm.
Sundays—s:oo ant, 8:15 am, 9:55 am,
11:50 am, 5 00 pm, 6:50 pm, 9:20 pm.
•Dally. tExcept Sunday. {Sunday
only. .
Connections made at terminal points
with all trains Northwest, West and
Southwest.
“A" Trains leaving Savannah at 8:45
a. m. and arriving Savannah 6:10 p. m.
do not make connection for or from
Augusta on Sundays.
Sleeping cars on night trains between
Savannah and Augusta, Maoon, At
lanta, Columbus, Ga., and Birming
ham, Ala.
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 Bull 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, Vice President
and Traffic Manager.
THEO. D. KLINE. General Supt.
Savannah, Ga.
j-ji-. ..a. .... .
Savannah and Statesboro R'y
Through Passenger Trains
Savannah to Statesboro
—via—
Seaboard and S. & S. R’y.
Lv. Savannah daily ex. 5un...4 00pm
Ar. Statesboro “ “ “ 6 15pm
Lv. Statesboro ’* “ “ 6 10am
Ar. Savannah “ “ ” 8 25am
Lv. Statesboro, Sunday only 7 00am
Ar. Savannah, Sunday only 9 15am
Lv. Savannah, Sunday only 6 50pm
Ar. Statesboro, Sunday only 9 00pm
Train leaving Statesboro 6:10 a. m.
daily except Sunday connects with S.
A. L. Train 71 going west.
Another train connecting at Cuyler,
leaves Savannah 7:00 a. m., arrive
Statesboro, 10 a. m. Leave Statesboro
4 p. m., arrive Savannah 8:30 p. in.
—Shortest and Quickest Route.—
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 105 105%
Augusta Factory 6 per cent.,
1915 110 112
Brunswick and W. 4s, 1938.. 99 100
eral 5s 107 101
C. of Ga. Ist mortgage ss,
1945, F. and A 120 121
C. of Ga. con. ss. 1945, M.
and N 105 105%
C. of Ga. Ist incomes 73 74
do 2d incomes 31% 32%
do 3d incomes 23 24
C. of Ga. (M. G. and A. Div.)
6s 110 ...
Columbus Power Cos. 6s ....100 101
G. S. and F. 5s .115% 116
Georgia State 3%5, 1930 108 110
do 3%5, 1915, M. and N...105 106
do 4%5, 1915 115 115%
Macon By. and L. bonds ....... 94
Jacksonville Electric 55...;.. .. 08
Ocean Steamship ss, 1920....110
Savannah city ss, 1909 106 107
Savannah city ss, 1913 110 111
Savannah Electric Cb. 5s ... 95 96
Seaboard 4s 82 84
South Bound 5s 109 110
DIVIDENDS.
Notices of the following dividends
have heen posted at the Cotton Ex
change;
Rate Pay-
Stock. P.C. able.
Planters’ Rice Mill 5 July 1
S. W. Railroad 2% July 1
Chat. R. E. & I. Cos 3 July 1
Oglethorpe S. and T 3 June 22
Citizens Bank 3 June 20
Southern Bank 4 July 1
Sav. B. and Trust Cos 3 July 1
Germania Bank 3% July 1
MONEY MARKET.
New Ybrk. June 30.—Close money on
call firm at 41%@10 per cent, closing at
10c; time -money steady 60 days 4 per
cent; ninety days. 4% per cent; six
months, 5% per cent. Prime mercantile
paper, 5V4@5% per cent; sterling ex
change, heavy with actual business in
bankers bills at $4.87.20@4.57.25 for de
mand. and at $4.94.85@4.59.90 for sixty
day bills posted rates, $4.85%@4.88;
commercial bills, $4.84%; bar silver,
52%c; Mexican dollars, 41c.
STOCKS AND BONDS.
New York, June 30.—There was al
most as many shares of stock that
changed hands during the first hour
of trading to-day as there were for
the first two hours in the newly awak
ened activity of the previous day’s
market, tills first hour of trading
had every appearance of animation
and well ’ sustained strength, but ihe
absorbtlve power of the market was
pretty well exhausted by this spurt
and the dull period of firmness which
followed gave way in the last to a
general reaction under professional
taking. '
The slight fiuctuatlons during the
Southern
"gju Railway.
Trains arrive and depart Savannah
by 90th meridian time —one hour slow
er than city time.
Schedule effective June 21, 1903.
TO THE NORTH AND EAST.
I Daily) Dally
_ JNo. 34 No. 30
Lv Savannah (Cent. TANARUS.).. 10 10a|12 05a
Ar lilackville (E. TANARUS.) 2 18p| 4 oou
Ar Columbia 4 05pj 6 00a
Ar Charlotte 8 05pj 9 55a
Ar Greensboro 10 47p ; 12 60p
Ar Danville 11 63p ( 2 lOp
Ar Richmond 6 55a| 6 2op
Ar Lynchburg 1 65al 4 17p
Ar Charlottesville 3 37a] 6 lOp
Ar Washington 6 42a| 9 50p
Ar Baltimore 8 03a|ll 3-ip
Ar Philadelphia >lO 15a) 2 56a
Ar New York |l2 43p| 6 15a
Ar Boston ~.] 8 00p; 2 OOp
TO THE NuRTHAND WEST.
Lv Savannah (Central Time).. 12 05am
Ar Columbia (Eastern Time).. 6 00am
Ar Spartanburg 10 05am
Ar Asheville (CentraJ Time).. 12 60pm
Ar Hot Springs 2 S7pm
Ar Knoxville 6 00pn:
Ar Lexington 5 66am
Ar Cincinnati 8 16am
Ar Louisville 0 BOain
Ar St. Louis 8 86pm
TO THE WEST VIA. J ESI r
Dally
No. 29.
Lv Savannah (Cent. TANARUS.) 6 15a
Ar Macon 1 30p
Ar Atlanta 4 lOp
Ar Birmingham 9 55p
Ar Memphis 7 15a
Ar Kansas City 7 00a
Ar Chattanooga 9 50p
Ar Memphis 8 20a
Ar Cincinnati 8 16a
Ar Louisville 10 35a
Ar Bt. Louis 7 32a
Trains arrive Savannah as follows:
No. 29, dally, from New York, Wash
ington and Cincinnati, 6:10 a. m.
No. 33, daily, from New York and
Washington, 5:40 p. m.
No. 30, daily, from all points West,
via Jesup, 11:59 p. m.
All trains arrive and depart from
the Union Depot.
Trains 29 and 30. THE WASHING
TON AND FLORIDA LIMITED.
Vestlbuled limited trains, carrying
Puilnian 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 Cincin
nati, through Asheville and "The Land
of the Sky."
For information as to rates, sched
ules, etc., apply to
C. H. ACKERT, 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.
MerGinis S Miners Tronsprioiioi) Go
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 front Savannah as
follows (Central Standard Time):
TO BALTIMORE.
LEXINGTON, Capt. Klrwan,
THURSDAY, July 2, 11 a. m.
ITASCA, Capt. Foster, SATURDAY,
July 4, 1 p. m.
JCHATHAM, Capt. Hudgins* TUES
DAY, July 7. 3 p. m.
•NEW ORLEANS, Capt. Peters,
THURSDAY, July 9, 4 p. m.
TO PHILADELPHIA.
D. H. MU.LEII, Capt. McDorman,
WEDNESDAY, July 1, 10 a. m.
ALLEGHANY, Capt. Chase, SATUR
DAY, July 4, 1 p. m.
BERKSHIRE, Capt. Hudgins, WED
NESDAY, July 8, 4 p. m.
D. H. MILLER, Capt. ’ McDorman,
SATURDAY, July 11, 6 p. m.
•Steamship New Orleans carries In
termediate passengers only.
Ticket Office No. 112 Bull street.
J. W. SMITH, 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.
first hour, in view of the decided activ
ity, gave sufficient warning that
profit-taking was going on freely. This
morning’s purchasers, however, had
less success when they attempted to
take their profits in the last hour.
The day’s net changes show very
small gains left for any of the specu
lative leaders, and some of them went
slightly below last night under the
selling of the last hour. Yesterday’s
heavy buying and sharp upward move
ment in Reading was sufficiently ex
plained by the statement of net earn
ings for May showing an increase for
all the companies over the correspond
ing month of last year of $1,420,079.
This showing gave color to the rumors
that dividends would be commenced on
the second preferred stock.
Combined with the continuing effect
of the success of the Pennsylvania
stock subscriptions the coal-carrying
railroads were made very strong for
a time. Meantime in another depart
ment of the list the Watjash debenture
B. B. bonds were being freely sold at
an extreme decline of 1% owing to the
disappointment of holders that the di
rectors, at their meeting yesterday, had
decided not to disburse any of the
surplus earnings available for ap in
terest payment upon these bonds. To
day’s weather map, which showed
rains in the Northwestern states where
the drought conditions have threaten
ed the spring wheat crop was a
strengthened iniluence on stocks.
Wheat reacted sharply, corn morie
moderately after a period of strength
and cotton violently. In the last half
hour, after the profit-taking movement
had spent its force, United States Steel
preferred was suddenly marked up 2%
over last night on comparatively light
dealings. The market closed steady.
Tire cessation of the pressure of liqui
dation against the United States Steel
second 5s seemed to be regarded as
the favorable opportunity for marking
up the preferred stock.
The bond market generally was
dull and firm. Total sales, pOr valtfo,
$3,430,000. United States bonds were
all unchanged on the last call.
Total sales of stacks to-day were
608,500 shares, including Atchison, 41,-
830; Baltimore and Ohio, 28,660; Ches
apeake and Ohio, 3,700; Erie, 38,750;
Erie flfst- preferred, 5,385; Louisville
and Nashville, 2,730; Missouri Pacific,
39,000; Norfolk and Western, 6,435;
Norfolk and Western preferred, 100;
Ontario and Western, 15,725; Pennsyl
vania, 67,230; Reading, 46,150; Rock Is
land, 19,500; St. Paul, 21,700; Southern
Pacific, 15,500; Southern Railway, 7,800;
Southern Railway preferred, 300; Un
ion Pacific, 39,730; Wabash preferred,
7,950; Copper, 16,700; Tennessee Coal
and Iron, 1,200; United States Steel.
30.930; United Stales Sleei preferred,
2tf'4TO. ■ ’ -
Atlantic Coast Line Railroad Cos.
EFFECTIVE MAY 24, 1903.
Trains Operated by 90th Meridian Ti me—One Hour Slower Than City Time.
122 j 82~ | t 44 ) *4O |'|2o ~n6rTH~& SOUTH ' j 119 | 39 j *36 ) tr~ IM ”
7 lOp 12 50pi 5 35a 135a 7 iba[Lv ..Savannah.. Arjll 35a' 3 00a 8 30a 6 30p 11 lOp
12 35a 4 50p 10 4<ki 6 25a 12 30p Ar .Charleston.. Lv 8 00a 11 35p 6 25a 315 p 7 45p
1 43p 7 16a ... ■Ar ..New York.. Lv|,..,..| 9 25pj 9 30a ..
57 21 | 36 | 39 [ SOUTH. | 58 1 32 22 j 40
6 45p 3 20pj 8 40a 3 30a)Lv Savannah Ar 9 45a)12 40p 9 30p[ 116a
8 30pj 9 10a(Ar Brunswick Lv 7 30a 330 p
9 50p 6 20p 11 30a 6 20a Ar Waycross Lv 6 30a 10 05a 6 35p)10 15p
105a 320 pll 00a Ar Thom.'vsville Lv 3 25a 6 30a 2 30pi 2 30p
8 05a 6 20p Ar Montgomery Lv 7 45p 7 00a 7 00a
2 20a 4 35p 12 04p A r Balnbridge Lv 160a 5 15a 1 OOp 1 OOp
i 9 lOpi 1 15pj 9 ofia ! Ar Jacksonville Lv 8 10a 330 p 8 05(#
8 28a 11 05pl [Ar Port Tampa Lv 7 30p 7 00a
1 50a| |Ar FuntaGorda Lv 4 05p
NORTH, WESTON 1 > SOUTHWEST. r
{ 67 ~T Via Jesup. | 58 88 | 57 : Via M r tg’ry | 58 f 22
8 30p'Ar. Jesup. Lv 7 60a 6 20p 8 05a Ar M'tg’ry Lvj 7 45p| 7 00a
- 6 20aiAr Atlanta Lv 10 45p 8 20p 2 30a Ar L’vllle Lv 3 00a 9 12p
8 Ofp Ar Me’phls Lv 8 15a 2 55a 4 16p Ar Mobile Lv 12 30p 12 80p
- 4sa Ar K. City Lv 6 30p 7 26ai 8 25p|Ar N Orl’s Lv 8 OOp 8 OOp
•Daily. {Sunday only. tDaily except Sunday.
Trains into nnd out of Charleston are operated by Eastern time.
Through Pullman Sleeping Car Ser vice to North, East and West and tp
Florid)*.
Dining cars on trains 32 and 35 between Savannah and New York.
Train 32 connects at Washington with Colonial Express for Boston and
New England points, also with Northern Central train for Pennsylvania and
Western New York points.
Connections made at Port Tampa with U. S. mall steamship of the Penltt*
sular and Occidental Steamship Line, 1 eaving Port Tampa Sundays, Tueg*
days and Thursdays at 11:30 p. m. ,
H. M. EMERSON, Traffic Manager, Wilmington, N. C. , s
W. J. CRAIG, Gen’l Pass. Agent. Wilmington, N. C. 1 ! - !,r * *
W. H. LEAHY. Division Pass. Agent, Savannah. Ga.
J. H. D. SHELLMAN, Trav. Pass. Agent. De Soto Hotel. ’Phones 78.
R. C. BLATTNER, Union Ticket A gent. Bell 'phone 235. Georgia 911. 1
I. C. SAPP, Ticket Agent. De Soto Hotel. ’Phones 73.
S EABOARD
AIR LINE RAILWAY,
Schedule Effective June 28, 1903—90th Meridian Time—One hour slower than
Time, south of Columbia; Eastern Time north of Columbia.
READ DOWN. , " ; READ UP.
N0.27 | NoT3'i |No2-27! NORTH~~AND S< iI'TII. No 2-34 N0.34 1 N0.66
12 10am1 12 Gspm| iLv .NEW vohk ~ Ar!.... ...I 4 15prnj 6 13am
7 20am| 329 pm |Lv Philadelphia Ar| I 1 36pm! 2 Mam
9 34amj 5 45pm Lv Baltimore Ar, 12 25ainill 25pm
10 46am| 7 OOpin, Lv Washington Ar ,10 10am! 8 36pm
2 15pm|10 35pm; Lv Richmond Ar, I 6 35am! 4 55pm
9 25am] 9 05pinj Lv Portsmouth Ar; I 8 00am! 5 36pm
7 30pm; 3 55am| Lv Raleigh Ar ! 1 25am 11 50am
3 30pm| | Lv Wilmington Ar| I ,12 45pm
12 52am 9 54ani| jLv Camden Af| 7 35pm; 6 30am
12 65am|10 00am, 6 00a,Lv Columbia Ar il 30p| 5 30pmj 4 25am
5 10am| 2 25p1n 10 20n,Lv SAVANNAH Lv 7 00p' 1 15pm'l2 10am
8 02aml 5 15pmi jAr Darien Lv| jlO 05am|
7 55am; 5 30pm, |Ar Brunswick Lvj jlO 05ami 9 00pm
10 05am 6 45pm! ;Ar Fernandina Lv' : 8 50am! 7 50pm
9 15am! 6 50prnl Ar JACKSONVILLE Lvj i 8 45am| 7 50pm
1 68pm; 1 50am |Ar Ocala Lvj j 2 35ani!l2 41pm
6 00pm; 6 45am 1 'Ar Tampa Lvi | 9 00pm 8 50am
3 15pm| | |Ar Tallahassee. _Lvj |... | 1 53pm
NoT73j No 71 N0.87 N0.89 N0.93 WEST. No N’o.Sk N0.72|N0.74
4 30pl 7 00aj 4 Oflp! 6 Mpj 6 Slip Lv ..HA VANNAII. *Ar !< 15a 8 25a 8 MpU# 00a
7 16pj 9 48aj ■) |-6 ISpjAr Lyons • Lv)t.-.c.‘..1. 6 Olpj 7 07a
I 1 20p| j Ar Macon _Lv 2 30p|
T46pTn 20a]7T7777j7 10 46pjAr ’.Helena ~.... ~LvL .....lT2opi 6 00a
8 00a| 4 20pj 1 12 35 Ar ..Fitzgerald Lv' 9 45a 4 00a
6 51a 1 25p! Ar ..Cordele Lv| 2 OSp 5 55p
7 68a 3 03pj Ar ..Albany Lvj 12 05p 7 00p
7 37a| 312 p; ; Ar Americas Lv| 12 35p 4 50p
10 25a! 5 16p| Ar .Columbus Lvj 10 15a| 2 15p
| 7 55p Ar .MON TGOMEHY LV I ( 8 00al
NOTE—Trains Nos. 2d-27, 2d-34, 89,90 and 93 will be operated on SUN
DAYS ONLY. No. 74 on Sundays will start from Fitzgbrald instead of Hel
ena. Trains Nos. 73, 87 and 88 daily except Sunday.
Nos. 31 and 34 SEABOARD EXPRESS, solid vestlbuled train. Through
Pullman sleeping cars to New York. OHfe dining cars.
Nos. 27 and 66, SEABOARD MAIL, through vestlbuled trains. Pullman
bullet sleeping cars to and from New York.
Nos. 71 and 72. WESTERN EXPRESS, close connection at Montgomery
for Mobile, New Orleans ond Southwestern points. Through cars between
Savannah and Macon,
Full information at City Ticket Office, No. 7 Bull St. Telephone No. 28.
OCEAN STEAMSHIP GO. of SAVANNAH
For New York , Boston and the East
Unsurpassed cabin accommodations. All the comforts of a modern hotel.
Electric lights. Unexcelled table. Ticket | Include meals and berths aboard ship.
PASSENGER FARES FROM SAVANNAH.
TO NEW YORK—First Cabin, S2O; First Cabin, round trip, $32; InttrmadL
ate Cabin, sl6; Intermediate Cabin, round trip, $24; Steerage, $lO.
TO BOSTON—First 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 NEW YORK:
CITY OF SAVANNAH, Capt. Daggett, CITY OF BIRMINGHAM. Capt. Dry-
WEDNESDAY, July 1, 10 a. in. er. FRIDAY, July 10, 5 p. m.
TALLAHASSEE, Capt. Johnson, FRI- CITY OF SAVANNAH, Capt. Daggett,
DAY July 3, 12 noon. MONDAY, July 13, 8 a. m.
CITY OF AUGUSTA) Capt. Burg, TALLAHASEE, Capt. Johnson, WED
SATURDAY, July 4, 1 p. in. NESDAY, July 15, 8 a. m.
CITY OF MEMPHIS, Capt. Savage, CITY OF AUGUSTA. Capt. Burg, FUI
MONDAY,' July 6, 2:80 p. in. DAY, July 17, 10 a. m.
CITY OF MACON, Capt. Fisher, CITY OF MEMPHIS, Capt. Sayage,
WEDNESDAY, July 8, 4 . m. SATURDAY, July 18. 11 a. m.
’Steamships City of Memphis, City of Macon, Tallahassee and Chattanoo
chee carry first cabin passengers only.
tCity of Savannah will not carry Intermediate passengers.
Sailings from New York for Savann'ah at 3 p. m. on June 25, 26, 27, 20;
July 2, 4. 7,9, 10, 11, 14, 16, 18, 21, 23, 24, 25, 28, 30.
The Chattahoochee, Capt. Lewis, leaves New York for Boston Saturdays
at 4 p. m., excepting first sailing for July, which will be on Friday.
Leaves Boston for New York Wednesdays at 3 p. m.
This company reserves the right to change its sailings without notice and
without liability or accountability therefor.
L. M. ERSKINE, L. R.VAN DIVIERE, W. G. BREWER,
Agt O. S. S. Cos., wharves. Com. Agt. 17 East Bay. C. T. ft P. A„ 107 Bull.
SAV AS Mil, GA.
_ W. H. PLEASANTS, C. B. WALWORTH,
Vice President ft Gen'l. Mgr. Gen. Pass. Agt.
Pier 38 North River. New York
new York Stock ** Bond List.
Railroad Stocks.
Atchison 69
do preferred ' 92%
Baltimore and Ohio 87
do preferred 93%
Canadian Pacific 124%
Central of New Jersey ..167
Chesapeake and Ohio 39%
Chicago and Alton 26%
do preferred 87%
Chicago and Great Western ,19
do B preferred 24%
Chicago and Northwestern 170
Chicago Terminal and Trans 14%
do preferred 24%
C., C„ C. and St. Louis 85
Colorado Southern 18
do Ist preferred 69
do 2nd preferred 28%
Delaware and Hudson 174
Delaware, Lackawanna and West.2sl%
Denver and Rio Grande 29%
do preferred 83
Erie 34
do Ist preferred . 68%
do 2nd preferred , . 57%
Great Northern preferred .170
Hocking Valley . I. 93%
do preferred 92%
Illinois Central 134%
lowa Central 28
<lo preferred 47%
Kansas City Southern 25
dd' preferred .V... ..L'.. 44%
Louisville and Nashville 112
Manhattan L 137%
Metropolitan St. Ry 123%
Minneapolis and St. Louis 82%
Missouri Pacific 106%
Missouri, Kansas and Texas 22%
do preferred 50%
National R. R. of Mexico 21
do preferred 41%
New York Central ........126
Norfolk and Western 66%
do preferred 90
Ontario und Western 26%
Pennsylvania ~..125%
Pittsburg, C., C. and St. Louis ... 74
Heading 52%
do Ist preferred 83%
do 2nd preferred 69
Rock Island Cos. ..., 34%
do preferred 72
St. Louis and San Francisco 71%
do Ist preferred 73 *
do 2nd preferred 63
St. Louis Southwestern 18
do preferred 39
St. Paul 157%’
do preferred 175
Southern Pacific 50%
Southern Railway 25
do preferred jg
Texas and Pacific 30
Toledo. Bt. Louis and West ........ 25
do preferred 44%
Union Pacific 82%
Continued on Tenth rut
11