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trade and finance
(OT'i'O* I'BTIRES MARKETS CLOSE
IHHfSOCLAH.
TURPENTINE FIRM AT47I-4C.
HOUR DEMAND AND OFFERINGS
TAKEN AT THE PRICE.
sp „t Cotton Firm, but Demand
I.iglit—lloains Firm at the Ad
, Hiioe—Loeni and Telegraphic
jlarketa.
The Morning News Office,
Wednesday, July 1.
The cotton futures market closed
some higher, but with the closing fig
urts very Irregular. It now appears
that there is to be a sort of mix-up fol
lowing the wild movements of the
past few weeks. Spot cotton closed
Arm and mainly unchanged, with the
demand light.
Turpentine closed firm at 47%c, with
the demand good. It was the takings
of the National Tank and Export Com
pany that steadied the market, since
which a better domestic demand has
developed and prospects favorable to
the maintenance of the price‘have ap
peared. Rosins closed firm at the ad
vance.
barge disbursements by the banks,
railroads and industrial companies
have been going out during the past
few days. The wholesale markets
closed steady. Details of the different
markets as follows:
COTTON.
Spot cotton closed firm, unchanged
and featureless to-day. There was
practically no demand. In the f. o. b.
market inquiry was light and the of
ferings very limited.
The following were the official spot
quotations at the ciose of the market
at the Cotton Exchange to-day:
1 This I Last
f day. I year.
Good middling |12% 9%
Middling |I2V4 8%
Low middling 12 8%
Good ordinary 8
Market firm; sales, 1.
Receipts, Exports and Stocks —
Receipts this day
Last year 53
Year before last 2,859
Receipts since Sept. 1, 1902 1,296,351
Receipts same time last year ..1,127,675
Stock to-day 9,666
Stock last year 15,792
Receipts at All Ports—
Receipts ports to-day 326
Same day last year 2,315
Year before last 9,423
Receipts this week 14,586
Last year 9,641
Year before last 40,701
Receipts since Sept. 1 7,659,328
Last year 7,481,317
Stock at all ports 250,235
Stock last year 320,790
Daily Cotton. Market—
Galveston—Firm; middling, 12%c;
stock, 2,878.
Norfolk— Steady; middling, 13c; net
receipts, 4; gross, 4; stock, 606. Ex
ports—Coastwise, 1,212? continent, 1,-
298.
Baltimore Nominal; middling,
13%c; stock. 632.
Boston —Quiet; middling, 13c; net re
ceipts, 25; gross, 30.
Wilmington —Nominal; sales, 74;
stock, 367.
Philadelphia Steady; middling,
13.25 c; net receipts, 45; gross, 45; stock.
873.
Savannah—Firm; middling, 12%c;
sales, 1; stock, 7,666.
New Orleans —Quiet; middling, 13%c;
net receipts, 132; gross, 7,936; sales, 250;-
stock, 69,848. Exports—Coatswise, 566.
Mobile—Nominal; middling, 13 5-16 c;
stock, 1,582.
•Memphis—Quiet; middling, 13c; .net
receipts, 239; gross, 575; sales, 25; stock,
3,340.
•Augusta—lrregular; net receipts, 11;
Charleston—Nominal; stock, 59.
•Cincinnati—Steady; middling, 11c;
net receipts, 93; gross, 93; stock, 8,-
921.
•Louisville —Firm; middling, 13%c;.
•St. Louis—Quiet; middling, 13%c;
net receipts, 43; gross, 50; sales, 27;
stock, 3,502.
•Houston—Quiet; middling, 12%e;
net receipts, 23; gross, 23; sales, 128;
stock, 5,339.
New York—Quiet; middling, 13c; net
receipts, 28; gross, 45; sales, 88,900;
stock, 163,574.
Total To-day at All Seaports—Net
receipts, 234; continent, 1,298; stock,
253,235.
1 'onsolidated, at All Seaports—Net re
ceipts, 4,586; Great Britain, 3,242;
France, 6,643; continent, 10,998.,
Total Since Sept. 1, at All Seaports—
Net receipts, 7,659,328; Great Britain,
2,750,137; France, 762,901; continent,
2,788,950; Japan, 135,106.
•Not included in totals.
SEA ISLAND COTTON.
The sea island cotton market closed
nuiet 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,-
EOl bales.
Prices about as follows:
Fancy Floridas 21 @23
Kxtra choice Floridas 18*@19
Choice Floridas 16 @l7
Fancy Georgias 20 @—
Kxtra choice Georgias 17 @l7*
Choice 15*@16
Kxtra fine Georgias 14*
Fine 13
Medium fine 12
Commons 10 @ll
\Vf ,-k_ Ending June 19 —
Receipts (gross) 67 270
Receipts (net) 67 270
Riles 6,243 470
Exports 167 284
Stock 7,203 7*745
Receipts since Sept. 1
( Kross) 74,747 54,145
Receipts since Sept. 1)
(net) (72,599 54,133
COTTON FUTURES.
New York, July 1. —The cotton mar
ket opened at a gain of 11c and sell
!tlg up to level of about 10@16 points
"ver the close of the preceding day
under covering based on expectations
Df a very bullish government report
next Friday, further support by the
New Orleans bull contingent and cables
"inch while indifferent as to the near
Pl inths showed firmness in the new
< T< I P, and a strong spot market. Re
j "ipts were also small and at the open
uig very little cotton was offering. On
the early advance the late position
' utne In for considerable support not
withstanding the favorable weather,
but when August had reached 12.95 c,
July 12.90 c, September, 11.84 c, and De
• inebr, lO.OSe. the list turned easier
under room realizing. At the first
s 'kP of weakness a big selling order
"utrie in apparently from Wall street
""ieh carried values off rapidly. In
*°me quarters It was said that this
s,,| llng was in reality for the bull pool
“ud on the downward turn selling be-
A. B. BAXTER & CO., INC.,
t 0 Murphy * Cos..
Private*. a a e Bulldln - Savannah.
York Chiel^ 5 7 Vires dlrect to N cw
COTT^nv 8 0.2 nd New Orleans.
STOCKS AND GRAIN,
om* Tork ofnce - No. 61 Broadway,
wn ClP , al CltieS throughout
u-il e„H K T Y/ lte for our market man.
“or traders contalnin * Instruction
, m ° re w or less general, with the
market probably the most active of
l 7° n ThiS force<l P rices
from 12 to 22 points from the best of
Whii. ? r ? ln *, on the active months
vvhile July sold down to 12.85 c, a loss
ste,a. P Y ints - Later the market was
adl ® d n a >n by a renewal of bulls’
sYfii bUt durin S the balance of the
si., ion ruled more or less irregular
at- tive. The close was barely
andy ’ ? e ! 8 Pnmts higher to 4 points
■ ) er ’ “ ales ""ere estimated at 3d0,009
les. I rlvate crop advices received
io-clay were more favorable and eli
latic conditions were nearly perfect,
ut sentiment continues very nervous
rtOoY nSettled wlth P°P ula r opinion in
w^J ng ‘ he Probability of further
broad and violent fluctuations.
,* e " York, July I.—Cotton spot olos
.J<iV.let; middling uplands, 13.00c
middling Gulf 13.25 c; sales 88,900 bales.
Futures opened steady; July, 12.85 -
August, 12.90 c: September, 11.77 c; Octo
aeoo 10 t , 4( Y’ ; December, 9.99 c; January,
9.92 c; February, 9.85 c.
Futures closed barely steady; July,
L.B6c; August. 12.64 c; ' September,
11.68 c; October, 10.32 c; November,
9.98 c; December, fcS4e; January, 9.91 c;
February, 9.86 c; March. 9.88 c.
NEW ORLEANS COTTON MARKET.
New Orleans, July I.—Spot cottpn
quiet but firm. Quotations unchanged.
The future market opened with bullish
sentiment much in evidence. Liverpool
made fairly wide advances in both
spots and futures and the weather
forecast contained enough rain and
cool weather to be considered decided
ly bullish. Added to these two factors
was the coming bureau reports for
June. To-day was receiving day and
contrary to reports spread by the
bears that the long bull clique was un
able to finance its July deal, arrange
ments were made to pay the money
for the 95,000 bales tendered on notice
day. Early in the morning it was esti
mated that about 5,000 bales had been
received by the local longs. This ready
receiving of the cotton tendered also
had the effect of strengthening the
market. The opening prices were 5
points upon July, August, 3: Septem
ber 2 and 7 points on the other new
crop positions. Later in the day the
winter months gained 5 to 7 points ad
ditional, but eased off before the close,
the list showing net gains of 7 points
on September and 3 each on the other
winter months, while the summer po
sitions were at about last evening’s
figures.
New Orleans, June I.—Cotton futures
steady. July, 13.75@T3.78c: August,
13.77(a>13.78c; September, 11.93@11.94c;
October, 11.25@11.26e; November, 9.89 c;
December, 9.75®5.56c; January, 9.83®
9.85 c.
LIVERPOOL COTTON MARKET.
Liverpool, July I.—Cotton spot, mod
erate business done, prices 6 points
higher; American middling fair, 7.06d;
good middling, 6.90d; low middling,
6.45d; good ordinary, 6.18d; ordinary,
5.98d. The sales of the day were 7,-
000 bales, of which 200 were for specu
lation and exports and included 6,400
American. Receipts 5,000 bales, includ
ing 200 American.
Futures opened firm and closed
steady: American middling g. o. c.,
July, 6.57d; July-August, 6.57d; Au
gust-September, 6.53d; September-Oc
tober. 7.06d; October-November, 5.52@
,5.53d; November-Decernbyr, 4.58d; De
cember-January, 5.40@5.41d; January-
February, 5.39@5.40d; February-
March, 5.35®5.3Jd; March-April, 5.33@
5.39d.
Hubbard Bros. A- Co.’s Cotton Letter.
New Y'ork, July I.—Liverpool re
sponded fully to our improvement of
yesterday, and this market advanced
slowly, some 10 points on the new crop,
when it was met by large selling by a
Stock Exchange house. It is estimated
that their sales alone amounted to
over 40,000 bales, and it broke prices
back to below last evening’s close. Then
a slow rally set in, but the trade look
for a lower Liverpool to-morrow on
our failure to maintain early quota
tions. Rains have again occurred in
Texas. This selling from Wall street
was either for the pool account under
cover or else by Wall street operators
going short on the advance from yes
terday’s break. Merchants ’are unde
cided from which source, but Inclined
to believe the first. July and August
have been neglected all day, and dif
ficult to trade in. The spot market
was quiet and unchanged.
Baxter and Co.’s Cotton Letter.
New York, July I.—Cotton opened
at an advance of 10@14 points on small
transactions. Cables were better and
the weather was quite good. In the
matter of temperatures there was a
sufficiency of warmth. Rain was re
ported at only a few points. On the
whole, the weather appears to be about
right the past few days, but it is still
feared that nights are rather cool. The
trade is attaching no little attention
to the Journal of Commerce report of
yesterday, and are now turning their
attention to the government report to
be issued next Friday. These two au
thorities in past years have not dif
fered essentially in their forecasts, and
unless the government figures this
year are over 80 general condition 60,
prices are not only expected to hold,
but a higher market is looked for. Sell
ers of the new crop months are grow
ing scarcer every day, and the old
crop positions are steadily losing in at
tractiveness. Old cotton is fast disap
pearing, and everything depends on
how soon new cotton is going to turn
up after it st*arts moving. Shorts were
covering on a good scale. Showers and
cooler weather was indicated for Tex
as and Arkansas. Cables were steady
at I@ls points net advance.
dry goods,
New York, July I.—The situation in
dry goods shows little improvement as
far as buying is concerned. Sellers
are advancing prices every day, and
the effect of the curtailment policy
is likelv to be felt in the near future
to a more appreciable degree than It
has heretofore. Everything tends to
even higher prices, but buyers are
operating conservatively as possible in
order to avoid to bidding the market
up ugainst themselves.
FINANCIAL.
JOHN W. DICBCBY,
Stock mi Bini Brikw,
AVGUSTA. G 4.
Write tor Urt.
HARRIS, GATES & CO.
MEMBERS:
NEW YORK STOCK EXCHANGE.
NEW YORK COTTON EXCHANGE.
NEW YORK PRODUCE EXCHANGE
CHICAGO STOCK EXCHANGE.
cmCAGO BOARD OF TRADE.
NEW YORK COFFEE EXCHANGE.
COTTON DEPARTMENT 10 Wall St,
Orders lohcited for Future Deliveries.
SAVANNAH MORNING NEWS: THURSDAY. JULY 2. 1903.
Savannah Bank
and Trust Go.
Capital, $350,000.
•JOSH || || WEED, President,
•IOIIN (, HOW LAND, Vice Preuldent.
" M. F, Mct AI LEY, Cashier.
‘ till,. L. CLAY, Ansinfnnt Cashier.
A general hanking and exchange
buslnes* transacted.
Saving* Department, interent
computed quarterly.
Account* of merchants, hank*
nn.l corporation* solicited.
American xpres* Company’s let
ter* of credit issued available In all
Parts of the world.
Collection* carefully made and
promptly accounted for.
Safety Deposit Boxes and Storage
' wulta for rent.
CorrcMpondence Invited.
NAVAL STORES.
Wednesday, July 1.
SPIRITS—The turpentine market
did not show any weakening tendency
to-day, closing firm with the offerings
taken. An improvement in the do
mestic demand was reported, and there
was also some inquiry the for
eign element. The opening at the
Board of Trade was firm at 4714 c, sales
951 casks, and the closing firm and
unchanged, no sales. Among the
trade after the closing there were no
expressions unfavorable to the mar
ket, and the current opinion was the
officials pqsted represented the actual
situation. The receipts were 912 casks,
and the exports 2,485 casks.
ROSINS—The rosin market opened
at an advance of 5c on G and below,
sales 1,377 barrels, and closed firm and
unchanged, sales 305 barrels. The de
mand was satisfactory, and a large
part of the offerings taken. While there
is still a good demand for pales in
quiry now seems more generally dis
tributed among all grades than it was
a few days ago. To-day’s receipts
were 2,234 barrels, and the exports 6,-
990 barrels. Prices as follows:
I lYester-i Last
SPIRITS— To-day day. | Year.
s P> r *ts 47*4 — 47i4| 44%
Sales 951 761 [ 600
Rosins, firm.
W. W 3.30 06 O<T~
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 1.75 1.70 1.40
F 1.70 1.65 1 35
E 1.65 1.60 1.25
D 1.60 1.55 | 1.25
A. B, C 1.55 1.50 | 1.25
Sales j 1,682 ] 1,918 j 3,016
Naval Stores Statement-
Spirits. Rosin.
1903-04.
Stock April 1, 1903 1,241 145,852
Receipts to-day 912 2,234
Receipts previously 65,591 130,522
Total to date 67,744 278,638
Exports to date 2,485 6,990
Exports previously 57,900 198,744
Total to date 60,385 205,734
Stock to date 7,359* 72,904
Same day last year 17,763 88,341
New York, July I.—Rosin —Firm;
strained, comvnoft to good, $2.05@2.07%.
Turpentine, firm.
Charleston, July l. Turpentine
steady, 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; 1.,
$2.55; K., $2.70; M., $2.80; N„ $2.90; W.
G.. $3.00.. W. W.. $3.20.
Wilmington, July 1. —Spirits turpen
tine nothing doing; receipts 77 casks.
Rosin nothing doing; receipts 259.
Crude turpentine firm, $1.75@3.00 and
$3,25. Receipts 129. Tar firm, $1.65; re
ceipts 199.
New Orleans, July 1. —Naval stores
receipts, none; exports, Havana, rosin,
15 barrels.
FINANCIAL.
FOREIGN EXCHANGE Market
weak. Commercial demand, sterling,
$4.86%; sixty days. $4.83%; ninety days
$4.82. French, 5.19%; Swiss, sixty dayi,
5.21; Belgian. 6.21; marks, sixty days,
94%; ninety days, 94 3-16.
DOMESTIC N. Y. EXCHANGE-
Br.y at 50c per SI,OOO discount.
Sell: Up to $25.00, 10c; $25 to SSO, 15c;
SSO to *IOO. 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—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 Stock*.
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 5av....165
Oglethorpe Saving and Trust.ll7 ex and.
People’s Saving and Loan ..103% 104%
Savannah Bank and Trust ..138 ex and.
Savannah Trust 110 111
Southern 178 ex and.
Railroad* and Industrial*.
Bid. Asked.
Augusta and Savannah ..119 120
Atlanta and West Point 158 160
do 6 per cent, certif 108 110
Central Ice 110 112
Chat, and Gulf stocks 116
George Telephone and Tele
graph 85 90
Georgia Brewery 92% 100
Macon Ry. and L. pref 80 82
do common 28 30
Georgia Railroad, c0mm0n..255 258
Propeller Towboat 106 108%
G., S. and F., Ist pfd 99 100
do do 2nd preferred 78 81
Planters’ Rice Mill 100 105
Savannah Rice Mill 115
Savannah Elec, preferred' ..88 90
Savannah Elec., common .... 20 22%
Savannah Hotel Company .. 70 75
Southwestern, Ex and 116% 117
Southern Railway pref. .... 88 89
do do common 24% 25
Savannah Brewing 105 110
Savannah Cotton Exchange. 55 6a
Uoudl.
Char.. Col. and Aug. Ist 6s
190* 114 118
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*s. 1925 Jl2 I*4
do 6s, 1913 ..........118 120
Ala. Mid. ss. ind'd. 1928, M.
and 105 105 &
Augusta Factory 6 per cent.,
,qis 11® H 2
Brunswick and W. 4s, 1938.. 99 100
eral 5s v -107 101
C. of Ga. Ist mortgage ss,
1945. F. and A ..120 121
C of Ga. con. ss. 1945, M.
and 105 105*
C. of Ga., Ist Incomes <4 ia
do 2d incomes 32* 33
do 3d incomes ..... 23* 2a
C. of Ga. (M. G. and A. Dlv.)
5g *UP •••
Columbus Power Cos. 6s ••••100 101
G. S. and F. 5s •
Georgia State 3*s, 1930.....108 110
do 3*s, 1915, M. and N-.-lOa 106
do 4*s. 1915 H 5 IR-%
Macon Ry. and L. bonds 94
Jacksonville Electric •••••••• 98
Ocean Steamship ss, 11920....110 ...
Savannah city ss, 1909 ......106 106*
SCEORGIA,
Schedule Effective June 28, 1903.
Trains arrive and depart from Cen
tral Station. YVest Broad, foot of
Liberty street, except for Tybee.
90th Meridian Time—One hour slower
than city time.
Leave Arrive
Savannah: Savannah:
.Augusta, Macon, At-|
jlanta, Covington, Mil
-345 amiledgeville, Americus,j*6 10 pm
See Albany, and inter-| See
Note“A”j mediate points. |Note”A'*
- S Statesboro. 56 10 pm
18 45 am Statesboro. Stilimore'6 10 pm
and Brewton. [ .
Augusta, Macon, |
Atlanta, Athens,
.. Montgomery,
oopm Columbus, Birming- • 7 00am
ham, Americas,
Albany. Eufaula,
anti TVnv J I
t „ Dover
1 e 00pm and Statesboro 17 48am
- Accommodation.
t Dover, Statesboro,
' 4 lOPtb Stilimore agd tlO 40am.
Dublin.
t ao Guyton
iejwpm Accommodation. t 6 00am
j Seashore Special,
(Macon, Eatonton.Mll
. . t ledgeville. Augusta,
* 6 30pm|Dublin, and inter-i5lO 25am
mediate points. j
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, 9:60 am, 2:30, p
m, 4:15 pm, 6:00 pm, 7:40 pm.
Sundays—7:2s 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.
Sundajs—s:oo am, 8:15 am, 9:55 am,
LLSO am, 5 C 0 pm, 6:50 pm, 9:20 pm.
•Daily. tExeept Sunday. ISunday
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, Macon, At
lanta, Columbu3, 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, Geh. 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.
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 OOpin
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. m.
—Shortest and Quickest Route.—
Savannah city ss. 1913 110 111
Savannah Electric Cos. 5s ... 95 96
Seaboard 4s 83 84
South Bound 5s 109 110
MONEY MARKET.
New York, July I.—Close money on
call steady, 2@6 per cent.; closing 2@3
per cent.; ninety days 4%, six months
3%@5%. Prime mercantile paper, 5%@
5%c. Sterling exchange steadier with
actual business in bankers’ bills at
$4.87.25 for demand at $4.85 for sixty
day bills. Posted rates $4.85% and
$4.88%. Commercial bills, $4.84%. Bar
silver 52%e. Mexican dollars 41c.
* STOCKS AND BONDS.
New York, July I.—The newly
awakened hone on the part of com
mission brokers of a revival of specu
lation, which prompted the exchange
governors yesterday to dismiss the
resolution of members In favor of a
holiday on Friday received a setback
to-day. All the animation was gwne
out of the market and the apathetic
conditions of last week seemed to be
renewed in full force. Yesterday’s stif
fening of the loan rate to 10 per cent,
served to intimidate the trading ele
ment. The rate did not go above 6
per cent, to-day.and in the late deal
ings eased off to nominal figures after
the principal demand had been satis
fied.
The bourse of the call money mar
ket, however, was felt to be due to
the moderation displayed by stock
market borrowers and the late easing
of the rate had no other effect than a
moderate recovery from the earlier de
pression in the market due to the cov
ering by shorts by professional trad
ers. The recovery halted at about last
night’s level and the closing was rath
er heavy. Yesterday’s sudden ad
vance of over 2 points in United
States Steel preferred, which was co
incident with the return to the street
after a long absence of a noted opera
tor conspicuous in the flotation period
of the United States Steel securities
had aroused some hope that a renewed
bull campaign was to be undertaken
in those securities under syndicate
auspices, but the inertia of the pre
ferred stock In the neighborhood of 82
which is the subscription price offered
to employes, strengthened the surmise
that that price level was the objective
of yesterday's movement.
The renewed strength In the cotton
market disappointed the hopes that
the violent speculation there was near
to a culmination and the firmness of
the corn market was also a detriment
to stocks although the sharp reaction
In wheat was favorably regarded.
Atchison. Southern Pacific and Union
Pacific were carried a point under last
night at 1 one time. The May net
earnings reported by Lehigh Valley
and New York Ontario and Western
confirmed the belief in the very favor
able conditions in the coal carrying
trade and revived some buying of
Southern
Railway.
Trains arrive and depart Savannah
by 90lh meridian time—one hour slow
er than city time.
_Schedulc effective June 21, 1903.
TO THE NORTH AND EAST.
I Datiyl Dully
JNo. . 4 No. 30
Lv Savannah (Cent. TANARUS.).. 16 10ajl2 Una
Ar Blnckville (E. TANARUS.) j 2 18p| 4 05a
Ar Columbia j 4 05p 6 00a
Ar Charlotte 8 05p| 9 55a
Ar Greensboro 10 47p|12 i>op
Ar Danville 11 53pj 2 lOp
Ar Richmond ..............jjl 65aj 6 25p
Ar Lynchburg i 55al 4 17p
Ar Charlottesville 3 37a 6 lOp
Ar Washington 6 42a 9 60p
Ar Baltimore j 8 03a 11 Sap
Ar Philadelphia 10 15a 2 56a
Ar New Y'ork |l2 43p 6 15a
Ar Boston j 8 00p| 2 OOp
TO THE NORTH AND WEST.
Lv Savannah (Central Time).. 12 05am
Ar Columbia (Eastern Time).. 6 00am
Ar Spartanburg 10 05am
Ar Asheville (Central Time).. 12 60pm
Ar Hot Springs 2 87pm
Ar Knoxville 6 00pm
Ar Lexington 5 65am
Ar Cincinnati 8 15am
Ar Louisville 6 30am
Ar St. Louia 6 36pm
TO THE WEST VIA. JB9UP.
Daily
No. 29.
Lv Savannah (Cei)t. TANARUS.) 5 15a
Ar Macon 1 30p
Ar Atlanta 4 lOp
Ar Birmingham * 9 55p
Ar Memphis 7 13a
Ar Kansas City 7 00a
Ar Chattanooga 9 60p
Ai- Memphis 8 20a
Ar Cincinnati 8 15a
Ar Louisville 10 35a
Ar St. Louis . 7 32a
Trains arrive Savannah as follows:
No. 29, daily, from New York, Wash
ington and Cincinnati, 5:10 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.
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
rati, through Asheville and ‘‘The Land
of tile 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.
Merciionis S Miners iransporiaifoo Go
Steamship Lines
To Baltimore & Philadelphia
Tickets on Sale to All Points North
and West.
First-class tickets include meals ard
berths Savannah to Baltimore and
Philadelphia. Accommodations and
cuisine unequaled.
The steamships of this company ftre
appointed to sail from Savanna Las
follows (Central Standard Time);
TO BALTIMORE.
LEXINGTON, Capt. Kirwan,
THURSDAY, July 2, 11 a. m.
ITASCA, Capt. Foster, SATURDAY,
July 4, 1 p. m.
JCHATHAM, Capt. TUES
DAY, July 7,3 p. m.
•NEW ORLEANS, Capt. Peters,
THURSDAY, July 9, 4 p. m.
TO PHILADELPHIA.
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.
ALLEGHANY, Capt. Chase, WED
NESDAY, July 15, 7 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.
Reading, but the May reports of St.
Paul, Louisville and Nashville an)
Southern Railway showed the effect of
the large Increases In operating ex
penses.
The bond market was quite firm, but
not active outside of United States
Steel second s’s. Total sales, pAr
value, $2,330,000. United States 2’s ad
vanced % and the old 4’s % per cent,
on the call.
Total sales of stocks to-day were
338,200 shares, including Atchison 2#,-
300; Baltimore and Ohio, 15,670; Ches
apeake and Ohio, 3,900; Chicago Great
Western, 6,600; Erie, 19,610; Louisville
and Nashville, 200; Manhattan, 5,560;
Missouri Pacific, 21,450; Norfolk and
Western, 310; Ontario and Western,
5.500; Pennsylvania, 20,682; Reading,
36,900; Rock Island, 9,900; St. Paul, 16,-
425; Southern Pacific, 7,650; Southern
Railway, 3,100; Southern Railway .pre
ferred. 100; Union Pacific, 14,900;
Copper, 16,330; Brooklyn, 16,390; Colo
rado Fuel, 11,300; .Tennessee Coal, 3,-
600; United States Steel, 13,580; United
States Steel preferred, 10,150.
new York Stock Bond List.
Railroad Stocks.
Atchisqn i. 68%
Atchison preferred 92%
Baltimore and Ohio 86%
Baltimore and Ohio preferred.... 93
Canadian Pacific 124%
Central of New Jersey 165
Chesai>eake and Ohio 38%
Chicago and Alton 26
Chicago and Alton preferred .... 67
Chicago and Great Western 19%
Chicago and Gt. W. B preferred 34%
Chicago and Northwestern 171%
Chicago Terminal and Trans. ... 14
Chicago Term, and T. preferred 24
C„ C., C. and St. Louis 88
Colorado Southern 17%
Colorado Southern Ist preferred.. 58%
Colorado Southern 2d preferred 28%
Delaware and Hudson 174%
Delaware, Lackawanna and W. 25%
Denver and Rio Grande 29
Denver and Rio Grande preferred 83
Erie $*
Erie Ist preferred 68%
Erie 2d preferred 56%
Great Northern prefered 170
Hocking Valley 90
Hocking Valley preferred 91%
Illinois Central 134%
lowa Central 28
lowa Central preferred 47
Kansas City Southern 23
Kansas City Southern preferred 44
Louisville and Nashville 112%
Manhattan L 137%
Metropolitan Street Railway 123%
Minneapolis and St. Louis 82
Missouri Pacific 106%
Missouri, Kansas and Texas .... 22%
Missouri, Kansas and Texas pref 50
National Railroad of Mexico .... 20%
National R. R. of Mexico pref.. 41%
New York Central 127
Atlantic Coast Line Railroad Cos.
EFFECTIVE MAY 24, 1903.
Trains Operated by 90th Meridian Ti me—-One Hour Slower Than City Time.
522 *:’.2 tirT*6T~|~W"iNOUTI 1 .<8 SOUTH f 119 | *39~ t 4 HI
7 10p,12 50p 5 36a 135a 7 10a)Lv ..Savannah.. Ar|ll 35a| 3 00a 8 30a 6 30p 11 l#p
12 35a 4 50p 10 40a 6 25a 12 30p Ar .Charleston.. Lv 8 00a 11 35p 6 25a 315 p 7 45p
...... 7 30a 11 45p Ar .Washington Lv 4 10a 345 p
1 4Sp 7 15a ■ Ar L .New York.. Lv[ | 9 25p 9 30a
67 |21|86 |39 | SOUTIL 58 J_- 32 22 49
6 45pj 320 pi 8 40nj 3 30a|Lv Savannah Ar 9 45a!12 40p 9 30p 115a
I 8 30p| I 9 10a!Ar Brunswick Lv 7 30a 330 p
9 50pl 6 20p 11 30a| 6 20a|Ar Waycross Lv 6 30a;i0 03a 6 35p 10 15p
106a 320 pll 00a Vr Thomasvllle Lv 3 25a 3oa 2 30pi 2 30p
8 05aj 6 20p Ar Montgomery Lv 7 45p 7 00a 7 00a
U OOp] 336 pll 30a Ar Palatka Lv 5 00a 305 p
] 2 10a| 6 05p JAr Sanford Lv 115a 12 20p
j 5 50al 9 15p Ar Lakeland Lv 9 55p 8 40a
| 8 2SUIII 06p ]Ar Port Tampa Lv 7 30p 7 00a
I llOOOpiAr St, Petersburg Lv 6 45a
■ ■••■■ l 1 1 Soa| ]Ar Punta Oorda Lv| 4 05p
NORTH, WEST AND SOUTHWEST.
\ 67 1 Via Jesup. | 66 j 23 T 67 j Vl* M’tg’ry | 58 | 22
8 SOpiAr. Jesup. Lv 7 50a| 6 20p 8 05ajAr M’tg’ry Lvj 7 45p| 7 00a
-3 00a Ar Macon Lv 1 00a|....... 3 20a 7 06p|.\r N’vllle Lv 9 00a 2 21ft
I 04a Ar St. Lo’s Lv 9 15p 7 32a Ar S. Lo’ls Lv 8 23p
* Of, P Ar Me’phis Lv 8 15a 2 65a 4 16p Ar Mobile Lv 12 30p 12 30p
9 6aAr K. City Lv 6 30p 7 25a 8 25p Ar N Orl’s Lv 8 OOp OOp
•Dally. ISunday only. tDally except Sunday.
Trains Into and out of Charleston are operated by Eastern time.
Through Pullman Sleeping Car Ser vice to North, East and West and to
Fioria‘a.
Dining cars on trains 32 and 35 between Savannah and New York.
*, Tr S ln 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 ac Port Tampa with U. S. mall steamship of the Penin
sular and Occidental Steamship Line, leaving Port Tampa Sundaye, Tues
days and Thursdays at 11:30 p. m.
H. M. EMERSON, Traffic Manager, Wilmington, N. C,
'v J- CRAIG, Gen’l Pass. Agent, Wilmington, N. C.
LEAHY. Division Pass. Agent, Savannah, Oa. T?-
i”• B SHELLMAN, Trav. Pass. Agent, De Soto Hotel. ’Phones 73. ~
R. C. BLATTNER, Union Ticket Agent. Bell ’phone 235. Georgia 91L 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
City Time, south of Columbia; Eastern Time north of Columbia.
READ DOWN. I t " REAP UP.
N0,27 | N0.31 |No2-27! NORTH AND SOUTH. N’f.2-34 N0.34 | N0.66
12 10am|12 56pm| jLv NEW H0NK,,,,," Ar 4 15pm 6 13am
7 20am| 3 20pmi |Lv Philadelphia Ar 1 36pm 2 56am
9 34am[ 5 45pm|.. jLv ..Baltimore Ar 12 25am 11 25pm
10 46am, 7 OOpmj |Lv Washington Ar 10 10am 8 36pm
2 15pinJ10 35pin; Lv Richmond Ar 6 35am 4 55pm
9 25am| 9 05pifij jLv Portsmouth Ar 8 00am 5 35pm
7 30pnij 3 55amj |Lv Raleigh Ar 1 25am 11 50am
330 pm j | jLv .Wilmington Ar... 12 45pm
12 52am: 9 54am| jLv Camden Ar; 7 35pm 6 30am
12 56ani|10 00ftni| 6 OOujLv Columbia Ar.ll 30p 5 30pm 4 25am
5 lOaml 2 25pm|10 20a|Lv SAVANNAH.. Lv] 7 OOp 1 15pm 12 10am
8 02ain £ 15pm Ar Darien Lv| |lO 05am|
7 55am 5 30pm Ar Brunswick Lv 10 05am 9 00pm
10 05am 6 45pm Ar Fernandina Lv 8 50am 7 50pm
9 15am 6 50pm Ar JACKSONVILLE L v 8 45am 7 50pm
1 58pm 1 60am Ar Ocala Lv 2 35am 12 41pm
6 00pm 6 45am Ar Tampa Lv 9 00pm 8 50am
1122 am Ar Lake City Lv| | 5 36pm
315 pm Ar Tallahassee Lv] | l / 53pm
N0.73, N0,71[ No.S7 N0.89 N0.93! WEST. N0.90 No.BB N0.72 No7T4
4 Sop| 7 00a 4 00p| 6 50p| 6Mp Lv' jts VANN AH. Ar| > 16ft| 0 26ftt tMp |lO 00ft
7 16p| 9 48a 1 1 9 18p|Ar Lynns Lv 6 Olpl 7 07a
.......111 33a I lAr Dublin Lv 4 24p
j 1 20 p 1 |Ar Macon Ly....... 2 30p
8 45piil 20a 10 45p|Ar ..Helena Lv.... 4 20p 6 00a
8 00a 4 20p 12 35a|Ar ..Fitzgerald .... Lv 9 45a 4 00a
6 51a 1 25p lAr ..Cordele Lv 2 05p 5 55p
7 58a 303 pi |Ar ..Albany Lv 12 05p 7 OOp
7 37a 3 12pl*. lAr Americus Lv| 12 35p 4 50p
1025a! 5 15p| Ar .Columbus Lvl 10 15a 2 15p
| 7 Bsp|. |Ar .MOWTOO—KY Ly| ..._8
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 Fitzgerald 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. Cafe dining cars.
Nos. 27 and 66, SEABOARD MAIL, through vestlbuled trains. Pullman
buflet sleeping cars to and from New York.
Nos. 71 Hnd 72. WESTERN EXPRESS, close connection at Montgomery
for Mobile, New Orleans and Southwestern points. Through cars between
Savannah and Macon.
Full information at City Ticket Office, No. 7 Bull St. Telephone No. 28.
OCEAN STEAMSHIP CO. of SAVANNAH
For New York, Boston and the East.
Unsurpassed cabin accommodation*. All the comfort* of a modern hotel.
Electric lights. Unexcelled table. Ticket ■ Include meals and berth* aboard skip.
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—First Cabin, $22; Flret Cabin, round trip, $36; Intermediate
Cabin, sl7; Intermediate Cabin, round trip, S2B; Steerage, $11.76.
The Steamship* of thl* line are appointed to sail from Savannah, Central
(90th meridian) time;
FOR NEW YORK:
TALLAHASSEE, Capt. Johnson, FRI- CITY OF SAVANNAH, C apt. 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. m. NESDAY, July 15, 8 a. m.
CITY OF MEMPHIS, Capt. Savage, CITY OF AUGUSTA, Capt. Burg, FRI
MONDAY, July 6, 2:30 p. in. DAY, July 17, 10 a. m.
CITY OF MACON, Capt. Fisher, CITY OF MEMPHIS, Capt. Savage
WEDNESDAY, July 8. 4 p. m. SATURDAY, July 18, 11 a. m.
CITY OF BIRMINGHAM. Capt. Dry- CITY OF MACON, Capt. Fisher, MON
er, FRIDAY, July 10, 5 p. m. DAY, July 20, 1 p. m.
’Steamships City of Memphis, City of Macon, Tallahassee and Chattanoo
chee carry first cabin passengers only.
tCity of Savannah will not carry Intermediate passenger*.
Sailings from New York for Savannah at 3 p. m. on June 25, 26, 27, £0;
July 2, 4. 7,9, 10, 11, 14, 16, 18, 21, 23, 24, 25, 28, 30.
The ChattdhoocUee, Capt. Lewis, leaves New York for Boston Saturday*
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. 8. 8. Cos., wharves. Com. Agt. 17 East Bay. C, T. AP. A.. 107 Bull.
' SAVANNAH, GA.
wTH. PLEABANT3, C. B. WALWORTH,
Vice President A Gen’l. Mgr, Gen. Pass. Agt.
Pier 36 North R lver. New York
Norfolk and Western 66%
Norfolk and Western prefererd 88
Ontario and Western 26%
Pennsylvania 125%
Pittsburg, C. C, and St. Louis .. 73%
Reading 52
Heading Ist preferred 83%
Reading 2d preferred 69%
Rocking Island Con pany 34%
Rock Island Cos. preferred 69
St. Louis and San Francisco .... 71%
St. Louis and San F. Ist preferred 73
St. Louis and San F. 2d preferred 62
St. Louis Southwestern 17%
St. Louis S. W. preferred 39
St. Paul 15%
St. Paul preferred 177
Southern Pacific 50%
iSouthern Railway 24%
Southern Railway preferred 88
Texas and Pacific 30
Toledo, St. Louis and West 25%
Toledo. St. L. and W. preferred 44
Union Pacific , 82%
Union Pacific preferred 88
Wabash 24%
Wabash preferred 44%
Wheeling and Lake Erie 21%
Wisconsin Central 21
Wisconsin Central preferred 42%
Express Companies.
Adams Express Company ...... 221
American Express Company .... 188
United States Express Company 110
Wells-Fargo Express Company .. 190
Miscellaneous.
Amalgamated Copper 65*
American Car and Foundry 38*
American Car and Foundry pref 89*
American Linseed Oil preferred ... 33*
American Locomotive 24
American Locomotive preferred.. 91*
American Smelting and Refining • 45*
American Smelting and R. pref.. 93
American Sugar Refining 122*
Anaconda Mining Company 88
Brooklyn Rapid Transit 59
Colorado Fuel and Iron 62
Columbus and Hocking Coal .... 17*
Consolidated Gas 193
General Electric 177*
International Paper 15*
International Paper preferred... 67*
International Pumn 40
International Pump preferred ... 78
National Biscuit 39*
National Lead 17*
North American 85%
Pacific Mail 27*
People’s Gas 99*
Pressed, Steel Car 58*
Pressed Steel Car preferred ... 87
Pullman Palace Car 206
Republic Steel 14*
Republic Steel preferred .s 74
Rubber Goods 22*
Rubber Goods preferred 76
Tennessee Coal and Iron 53
United States Leather 9
Continued on Eighth Pag*.
9