Newspaper Page Text
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COTTON TOOK SLUMP
DESPITE THE PREDICTIONS OP
TI'RBLLENT BILLS.
MARKET OPENED STEADY.
BI T SHORTLY AFTER MATH HOI R
SHOWED A DECLINE.
Absence of Demand for Spots by
Spinners Given ns u Reason for
the Fulling Off—X. Y. Broker Says
That the Situation Is Due to the
Failure of Any One to Assume
Sally's Pluee—Little if Anything
Doing in Local Spot Situation, and
Almost Complete Apathy Pre
sailed in F. O. H. Market.
Cotton took an unexpected slump
yesterday, despite the bulls who con
fidently predicted an advance.
Things moved slowly until the lunch
hour, when there was something de
cidedly “doing.”
The cables from Liverpool were very
low, and there was an absence of de
mand for spots by spinners. This was
in a measure responsible for the low
trend of the market.
A New York cotton broker who was
on the floor of ’Change, said; "The
public is always against the
market, and now that we have no bull
leader, there is nothing to boost
prices.”
He said that as yet no one had come
forward to take Sully's place as the
“King of the Bulls,” and doubted if
any one would assume such a grave
responsibility at the present time.
There was little, if anything, doing
in the local spot situation, and an
apathy prevailed in the f. o. b. mar
ket.
SPOT COTTON MARKET.
The following were the official spot
quotations at the close of the market
at the Cotton Exchange yesterday:
I 10:30 I 1:00 | -1:00 j Year
Grades. ( A. M. P. M. |P.M. j Ago.
G. middling 15* ,15* 15* 10*
Middling ... 14* 14* 14* 9*
L.
Tone (Quiet.. Quiet. Quiet. Quiet.
Sales j | j
Exports, coastwise 36
Continent
Iteceipts yesterday 1,128
Last year 2,150
Year before last 889
Receipts since Sept. 1 1,076,487
Receipts same time last year. .1,123,908
Stock yesterday 51,423
Stock last year 66,985
Receipts and Stocks at All Ports—
Receipts yesterday 11,523
Same day last year 28,311
Same day year before last 11,514
So far this week 19.523
Last year 43,029
Year before last 23,213
Receipts since Sept. 1, 1903 6,672,037
Last year 7,021,249
Stock at all ports yesterday.... 547,782
Stock same day last year 450,748
DAILY COTTON MARKET.
Galveston —Firm; middling, 15c; net
receipts, 4,575: gross, 4,575; stock, 32,840.
Exports—Coastwise, 514.
Norfolk —Net receipts, 800; gross, 800;
stock, 11,300.
Baltimore —Nominal; middling, 15.25 c;
gross receipts, 250; stock, 3,122.
Boston—Dull; middling, 15.30 c; net
receipts, 263; gross, 363.
Wilmington—Net receipts, 104; gross,
104; stock, 6,149.
Philadelphia—Quiet; middling. 15.15 c;
net receipts, 36; gross, 61; stock, 2,945.
Exports—Great Britain, 678.
Savannah—Quiet; middling, 14*c;
net receipts, 1,128; gross. 1,128; stock,
61,423. Exports—Coastwise. 36.
New Orleans —Easy; middling, 15c;
net receipts, 3,697; gross, 4,071; sales,
1,000; stock, 315,611.
Mobile—Steady; middling, 4%c; net
receipts, 238; gross, 283; stock, 9,162.
Exporta-Coastwise, 300; continent, 1,-
200.
•Memphis—Quiet; middling, 16c; net
receipts, 920; gross, 2,750; stock, 48.-
144.
•Augusta—Dull; middling, 15%c; net
receipts, 283; gross, 283; sales, 16; stock,
37,739. '
Charleston —Net receipts, 51; gross,
61; stock, 6,807. Exports—Coastwise,
832.
•Cincinnati—Net receipts, 58; gross,
58; stock, 5,847.
•Louisville—Firm; middling, 15*4c.
•St. Louis—Quiet; middling, 14%c;
gross receipts, 88; stock, 20,626.
•Houston—Quiet; middling, 1474 c; net
receipts, 1,402; gross, 1,402; stock, 28,-
097.
New York—Quiet; middling, 14.90 c;
net receipts, 036; gross, 1,831; sales, 3,-
800; stock, 103,077.
Total to-day at al seaports—Net re
ceipts, 11,523; Great Britain, 678; con
tinent, 1,200; stock, 547,782.
Consolidated at all Beuports—Net re
ceipts, 19,523; Great Britain, 11,678;
continent, 9,115.
Total since Sept. 1 at all set^irts —
Net receipts, 6.672,037; Great Britain,
2,051,688; France, 647,274: continent, 2,-
328,679; Japan. 39,021; Mexico, 25,471.
•Not included in totals.
SEA ISLAND COTTON,
Prices about as follows:
Fancy Floridas 28
Extra choice Floridas 27
Choice Floridas 25 @26
Fancy Georgias 27
Extra choice Georgias 25 @26
Choice Georgias 24 @25
Extra fine Ga.'s and F1a’5...23%
Fine Ga.'s and Fla.’s Nominal
COTTON FUTURES.
New York. March 28.—The cotton
market opened steady at an advance
of 2 points to a decline of 15 points,
and while at first there was some
firmness with the two active months
gelling a point or two above Satur
4ae's closing figures on the call, the
market soon turned easier under liqui
dation in the absence of important
bull support.
New Orleans appeared to be buying
a little July at the opening but the
cables were rather disappointing, and
the reports of extensive curtailments
In manufacturing circles, evidently
promoted profit taking by outside
longs while the covering of shorts and
the demands from fresh buyers were
moderate.
With only one or two unimportant
periods of relative firmness the mar
ket worked steadily downward until
midday May was selling at 14.64 c. with
the active months from 28 to 64 points
lower. This level attracted consider
able demand from spot interests and
the room also turned for covei lug
bidding prices up about 30 points ftom
t.ie bottom with May selling around
14 92, and JUly 16.12 c. The partial re
covery, however, attracted still heavier
liquidation with brokers representing
New Orleans operating In a manner
leading to a belief that the Interest#
In question were trying to manipulate
a better buying basis. There woe fur
ther demand from spot people but In
a general way the market In the after
noon woe week reaching about the
keweet level of the day with May sell,
log down to 14.64 c, toe previous low
* while July touohs>d 14 14' The
close wu within a point ot two at the
•wtuuß or a net Usm at paonu.
Estimates for to-morrow's receipts
at leading points were light at the
average in spite of predictions for a
larger movement this week and ad
vices from the South indicated great
firmness among holders with some
wires asserting that factors were look
ing for 16 cents.
The lower Liverpool cables were at
tributed by private advices to liquida
tion in the absence of demand for spot
cotton from spinners while the report
of a proposed extension of short time
at Manchester also had an influence.
Port receipts for the day were not
half of last year's, but exports also
were light. Trading was not particu
larly active in the local market, sales
being estimated at only 450,000 bales
and the offerings seemed chiefly the
result of liquidation on the theory that
the market was due to meet with a
reaction after the recent sharp ad
vance.
SPOT COTTON AT NEW YORK.
New York, March 2S.—Cotton —Spot
closed quiet, 40 points decline; mid
dling uplands, 14.90 c; middling gulf,
15.15 c; sales, 3,300 bales.
Cotton Futures at New York, March
28.
Options. | Open. |Hi'h) Lovv;Cl’se
March 1 14.77 14.44 14.45
April .... .. 115.05 j!4.55 14.55 14.47
May 15.2015.16115.21114.64 14.65
June 15.20@T5.25 15.25 14.81 14.80
July 15.30(0/15.38 15.38|14.84 14.86
August .... ;14.703/ 14.74 14.74 14.33.14.34
September . 13.00@ 13.05/13.05 12.77j12.77
October ....(12.34 j 12.34112.03; 12.03
November . 12.10 bid .11.95 11.95 11.88
Dei ember .(12.12 (12.12(11.86 11.86
Futures opened irregular; closed
quiet and steady.
NEW ORLEANS COTTON MARKET.
New Orleans, March 28.—Cotton fu
tures quiet and steady. March, 14.47 c
bid; April, 14.45@14.50c; May, 14.82®
14.83 c; June, 15.51@15.54c; July, 15.25®
15.26 c; August, 14.48®14.50c; Septem
ber, 12.68® 12.70 c; October, ll.89@ll.90c;
November, 11.77@11.70e.
Spot cotton quiet; quotations reduced
14 c.
Futures opened steady, with prices
unchanged .to 8 points lower than Sat
urday's closing. While Liverpool was
up to reasonable expectations, it was
disappointing to the trade as a whole.
New York showed weakness at the
opening and the local market at its
opening found a heavy load of selling
orders. From the direction from which
they came, the selling orders appeared
to be for short account. There was
no question that the New Orleans
market was out of parity with both
the New York and Liverpool markets,
and this condition doutbless assisted
largely in the break that followed the
opening. Prices went down a full *c.
Stop orders were reported on the long
side, and prices went down again un-•
til at the lowest they were half a cent
lower than the highest level of the
morning. In the trading May opened
at 15.33 c, sold down to. 14.80 c, advanced
to 15.40 c and finally declined to 14.82 c.
July opened at 15.78 c, declined to 15.25 c;
advanced to 15.81 c and finally declined
to 15.25 c. The market closed weak,
with net losses of 45@55 points on the
old-crop positions, and 24@55 on the
new.
LIVERPOOL COTTON iIARKET.
Liverpool. March 28.-e-Cotton—Spot
in limited demand; prices steady, 22
points higher; American middling
fair, 8.56d; good middling, 8.40d;
American middling, 8.30d; low mid
dling, 8.20d; good ordinary, 8.10d; ordi
nary, 7.90d. The sales of the day were
5,000 bales, of which 300 were for spec
ulation and export and included 4,700
American. Receipts, none.'
Futures opened barely steady and
closed quiet. American middling, g.
o c.: March, 7.99d; March-April,
7,96d; April-May, 7.93 C; May-June,
7.91d; June-July, 7.89d; July-August,
7.85d; August-September, 7.63d; Sep
tember-October, 6.85d; October-No
vember, 6.53d; November-December,
6.43d.
DEMERE A HAMMOND
Think That Liverpool Is Ilound to
Advance.
Savannah, Ga., March 28. —After the
advance of 125 points since the govern
ment report on Friday, the trade seem
ed disposed to take profits, and the
shorts were encouraged by poor cables
during the morning, throughout a line
of short cotton, so that the market
has continued easy during the day, with
slight, rallies, but closed around lowest
prices. This decline is due to heavy
liquidation, and indisposition on the
bulls to sustain the market in the face
of the .approaching holidays in the
latter part of the week. This fact may
lead to a temporarily lower market,
but with spot cotton in the South
selling at 14% to 15% cents, it is hard
to believe much of a decline. Curtail
ment is also freely talked by Northern
spinners and Manchester mills. On
New York's close to-night, Liverpool
is due to come 2 to 3 points down to
morrow.
Wheat—The larger part of wheat
news was favorable to the bulls, the
cash crop and statistical items were
pretty generally arrayed on one side,
but the lack of a broad trade decreased
to some extent there effectiveness.
Transaction in No. 1 Northern at May
prices were reported early in the ses
sion. We are particularly friendly to
the old crop options and think they
should be bought on recessions.
Corn—The corn market was an Ar
mour affair, and this applies to both
futures and the sample market. The
poor quality of corn back in the coun
try is the reason given for expecting
higher values, but our advice is quite
to the contrary. The demand continues
very poor. Eventually we believe it will
sell much lower, but under existing
pit conditions we cannot advise sale
except on extreme dullness.
Oats —The Armour interest de
veloped some attention to the oat pit
this morning, and this market follow
ed corn. The appearance of a bull
interest caused some anxiety to cover
among local shorts.
Provisions—There was some increase
to-day in the volume of trade In the
provisions market, which resulted in a
higher range of values. Weak holders
have been eliminated and selling has
been pressed to a point where a fair
short Interest has been created. The
firmness In grain was a help to this
market. We think prices are low
enough and we favor the long side.
Hogs receipts to-day were 24.000, with
26,000 estimated for to-morrow.
J. It. PARKER A CO.'S
Cotton Letter to liny ward, Vick A
Company
New York, March 28.—The response
of Liverpool during the last few days
to our continued advance has been very
reluctant. This morning the rise ther>
failed to meet the expectations baaed
on the strength displayed here on Hut
urdr.y, but report* from Texas that ex
tiemely low temperatures had seriously
damaged young cotton us far south as
Waco, caused our market to open
without any loss. The strength dis
played was, however, short-lived, and
It soon became evident that a certain
element here which has been aaslstlng
DEMERE U HAMMOND. Brokers,
Phortei 1505 Office No. 24 Bryan *treet, East.
COTTON, STOCKS, BONDS, GRAIN AND PROVISIONS,
bins* I'll 1 air Wire* Ui l<—ding KaGiangr*
aaxjal a imum.
SAVANNAH MORNING NEWS: TUESDAY. MARCH 29. 1904.
Hayward, \Zick; & Cos.,
COTTON, STOCKS, BONDS.
GRAIN, PROVISIONS AND COFFEE. I
New York Correspondents,
J. H. PARKER & CO.
Chicago Correspondents:
BARTLETT, FRAZIER A
CARRINGTON.
New Orleans Correspondents:
HOME OFFICE.
BOTH TELEPHONES 530.
With our Private Wires to New York. New Orleans and Chleago, we
can execute all orders on the several exchanges with unequalled dispatch.
J. M. McCORD, Manage r, 104 Bay St„ East. Savannah, Ga
the market upward ever since the Sul
ly failure was selling freely through
brokers. As this clique had been con
spicuous in boosting prices, their
change of front left the market with
out support, and the decline was easy.
With the approach of the holidays,
there is a failing off in the demand
from spinners, and no activity can be
expected until after Easter. It is cus
tomary at this time of the year for a
good many mills to close down and
make repairs, and it is probable that
the strained relations between the cost
of raw cotton and prices of manufac
tured goods may cause some of them to
prolong the period of closing.
It will not be known for a day or
two whether any real damage has re
sulted from this cold snap, in fact,
none of the news hertofore received in
dicated that there was enough cotton
up in the northern half of the belt to
be injured, but the present incident will
at least serve to impress upon the pub
lic that the new crop is far from being
made, or that a large one is by any
means a certainty, no matter how ex
tensive the acreage that may be
planted.
It can be readily seen that if frost
should nip young cotton, making re
planting necessary, it would cause the
new crop to be a late one and even
the most sanguine bear will not dispute
the fact that a late new crop, no mat
ter how large, would be a calamity for
spinners who will find it difficult to
make the present crop eke out until
the time for a normal movement of
new cotton arrives. The decline of to
day which averages about 50 points
from Saturday's close, was due more
to a reaction from inflated prices for
futures than from any pressure of spot
holders to sell. We rather look for a
soft market until after the holidays.
WARE & LELAND
Say That They Would Not Advise
Buying on Recent Advance*.
New York, March 28.—The market
broke about as rapidly to-day as it
advanced on Saturday, from 15.50 c,
prices went to 14.88 before the end
of the first half hour this morning.
The market lost 40 points while you
watched it. This was the way it went
up. Over 15 cents it does not seem to
be the right basis to the market.
Everything is strong enough so far as
figures, but and here is all the im
portant things. Spinners do not seem
anxious to get their cotton. They are
not willing to pay over 14* cents.
We are not saying what they might
do to-morrow or next day. We simply
say there is not the demand for cot
ton at 15 cents to keep the future mar
ket safe. For this reason, we cannot
feel safe on advising buying on such
advances as we have had.
A gain of 2 cents in two days is a
very good advance. We should have
a set back. But from the outlook, and
from the knowledge from the past, it
would be as though there would hard
ly be much of a break below 14* cents
this time. There are too many ready
to take cotton at these figures. May
sold at 14.64 c this morning, pretty near
a safe level. If July were down there
we would be inclined to say buy.
On any good break below 15 cents
now, there should be no great danger
buying moderately. The crop will be
gin to look very small before the first
of May or June, or we will lose our
guess.
LOCAL FINANCIAL MARKET.
The following are the Savannah Cot
ton Exchange quotations:
DOMESTIC EXCHANGE—Buying at
60c discount, selling up to $25.00, 10c;
$25 to SSO, 15c; SSO to SIOO, 20c; SIOO to
S2OO, 25c; S2OO to S3OO, 30c; S3OO to S4OO,
36c; S4OO to SSOO, 40c; SSOO to S6OO, 45c;
over S6OO at the rate of 75c per SI,OOO
premium.
FOREIGN EXCHANGE Market
weak. Commercial demand, sterling,
$4.84.25; sixty days, $4.80.75; ninety
days, $4.79.25; French, 5.22%; Belgian,
5.23; marks, sixty days. 94 3-16;
ninety days, 93%.
Bank Stocks.
Bid. Asked.
Citizens Bank 150 151
Chatham Bank 77 78
Commercial Bank 106
Chatham R. E. and I. Cos. .. 53 53%
Germania Bank 147% 148%
Southern Bank 180 185
Merchants National 8ank..105 106
The National Bank of 5av.,165 170
Oglethorpe Sav, and Trust.. 125
•People’s Savings and Loan .102% 103%
Savannah Bank and Trust.. 130 132
Savannah Trust 102 103
•Plus dividend.
Railroads and Industrials.
Bid. Asked.
Augusta and Savannah 113 113%
Atlanta and West Point ....153
do 6 per cent, certif 106 108
Central Ice 95 100
Chat, and Gulf stocks 109 110
Georgia Telephone and Tele
graph 85 86
Georgia Brewery 92% 100
Macon By. and L. pref 76 77
do common 21 25
Georgia Railroad common ..249
Planters’ Rice Mill 90 95%
Propeller Towboat 95 100
Savannah Elec, preferred ... 85 90
Savannah Elec, common .... 14 13
Savannah Hotel Company ... 65 68
Southwestern 112% 113%
Southern Railway preferred.. 85 SB
do do common 22 22%
Savarnah Brewing 103 103
Savannah Cotton Exchange.. 60 65
Bonds.
Chat, and Gulf R. R. 5 per
cent. Ist mortgage 102% 103%
C. of Ga. con. ss. 1945. M.
and N 105% 106%
C. of Ga. Ist incomes 67 70
do do 2nd Incomes 29% 30
do do 3rd incomes 18 2u
C. of Ga. (M. G. and A.
Div.) 5s 105 106
O. S. and F. 6s 112
Georgia State 3%5. 1930 106 110
do 3%5, 1915 M. antf N 103% 104%
do 4%5. 1915 113% 114%
Macon Ry. and L. bonds ... 89 90
Jacksonville Electric 5s 90 92%
Ocean Steamship 6s, 1926 ....log 110
Savannah city ss, 1913 108% 109%
Savunnnh city ss, 1909 104 104%
S. A. L. common .... 9% 10%
do do preferred 17 17%
Savannah Elec. Cos. 5s 9o 92
Middle Ga. and Atiuntlc ....105 106
Eatonton lob lot
Atlantic Coast Line gives benefit of
a short line mileage detachments be
tween Savannah and Augusta. 13]
mllse.—ad.
MEMBERS:
New Orleans Cotton Exchange.
New Orleans Future Brokers As'n.
New York Cotton Exchange.
New York Coffee Exchange.
Chicago Board of Trade.
.Associate Member Liverpool Cotton
.Association.
SPIRITS ARE STEADY
EXPORTERS WITHDRAW FIGHT
AGAINST THE STANDARD.
OFFERINGS NOT TAKEN.
FACTORS SAY THAT THEY STILL
HAVE SPIRITS ON HAND.
All Grades of Rosins Are in Firm
Demand and the Pans In Most
Factors' Offices Are Cleaned L'p nt
the Day's Close—Receipts in Both
Markets Continue Extremely
Light—Spirits Sale Yesterday
Amounted to 110 Casks—Receipts
137 Casks and Exports 350 Casks.
Market quoted in New York, at
58*0.
The Standard Oil Company still keeps
up its fight against the exporters, and
yesterday as a result the offerings un
der the market price, which have been
posted at the Board of Trade, were
withdrawn.
The market opened and clpse “steady”
at 58 cents. The receipts continue ex
tremely light, only 137 casks being re
ported. There is some spirits being
held for speculative purposes. The
sales for the day amounted to 119
casks and the exports 350 casks.
There is no practical change in the
market since Saturday.
Rosin: The rosin market remained
firm and only one change was noted
in the official quotations, the top notch
er water white being advanced 5 cents
at the last call, and that grade is now
officially quoted at J 4.05.
All grades are in firm request, and
th* pans in the factors offices are
cleaned up at the day's close. The
sales amounted to 394, all of which
were reported at the last call.
The receipts were 520 barrels and the
exports 512 barrels.
I Yester- Day I Last
SPIRITS. I day. Before ] Year.
Spirits 1 58 | 68 1 65
Tone | Steady. J Steady. Firm.
Sales | 119 | 134_
Rosins —i Steady, j Firm. Firm.
W. W 4TOSj 4.00 06
W. G 3.70 3.f0 3.75
N 3.50 3.50 3.60
M 3.35| 3.35 3.40
K 3.30| 3.30 3.20
I *... 2*95) 2.95 2.85
H 2.70| 2.70| 2.40
G 27-651 2.651 2.20
F Z:6oj 2.60 j 2.10
E 2.35| 2.55) 2.05
D. ..- 2.50| 2.50: 2.05
A, B, C.... 2.50| 2.50| 2.05
Sales 394 { 3941
NAVAL STORES STATEMENT.
Spirits. Rosins.
Stock April 1 1,241 145.882
Receipts yesterday 137 520
Receipts previously .....192,378 647,750
Total 193,756 79*152
Exports yesterday 350 515
Exports previously 188,940 749,358
Total 189,290 749,873
Stock yesterday 5,358 44,279
Stock last year 952 123,406
I\ OTHER MARKETS.
New York, March 28.—Turpentine,
steady.
Rosin—Steady; strained, S2.SO.
Charleston, S. C * March 28.—Turpen
tine and rosin, nominal.
Wilmington, N. C.. March 28.—Tur
pentine, nothing doing, receipts 8.
Rosin, nothing doing; receipts, 1,462.
Tar, firm, $1.60; receipts, 32.
Crude turpentine, firm, $2.25, $4.00
and $4.00; receipts, 55.
GEN ERA lT MARK ETS.
New York, March 28.—Flour—Quiet;
winter straights. $5.00@5.15; winter pat
ents, $5.20@5.50; Minnesota bakers, $4.10
@4.40.
Rye flour, quiet.
Cornmeal, steady.
Rye, steady.
Barley, dull.
Wheat—Spot, firm: No. 2 red, $1.07.
Options acted strong all the forenoon.
After a subsequent set-back under re
alizing, it finally turned strong again,
and closed 1%@1%c net higher. May,
99%c; July, 94%c; September, 86%c.
Corn—Spot, firm; No. 2 nominal. Op
tions more active and strong on a gen
eral scare of shorts, helped also by
light receipts. The close was %@lc
net higher. May, 59%c; July, 56%c.
Oats—Steady; May, 46c.
Beef—Steady; family. $11.00@12.00;
mess, $8.50@9.00; packet, $1(5.00@11.00.
Cut meats, dull.
Lard—Firm; Western steamed, $7.45;
refined, firm; continent, $7.55.
Pork, steady.
Tallow, dull.
Rice. dull.
Molasses, firm.
Coffee—Spot Rio, quiet; No. 7 invoice,
5%e; mild, steady; Cordova. 10@13c.
Sugar—Raw, firm: fair refining, 3%e;
centrifugal 96 test, 3%e; molasses
sugar, 2%e; refined, firm.
The market for coffee futures ruled
generally quiet, closing steady at un
changed prices. Sales, 34,000 bags.
Butter—Firm; extra fresh creamery.
25c; state dairy, 13@21c.
Cheese—Steady; state full cream
fancy small colored, 12c; small white,
12c.
Eggs—Strong; state and Pennsyl
vania, nearby, average finest, 19c.
Potatoes—Long Island, $3.00@3.50;
Jersey, $3.C0@3.25; state and Western,
per sack, $2.75@2.90; do sweets, $1.50@
4.25.
Peanut*—Steady; fancy handpicked,
5%c; other domestic, 3%@6%c.
Cabbages—Finn; domestic, per ton,
825.00@35.00; Florida, barrel crate, $3.00
@3.50.
Cotton by steam to Liverpool, 10c.
WHEAT CLOSED IT*.
Chicago, March 2*.— The sample
tables, not the speculative pits, ware
focal canters of business to-dav on
ih* Board of Trade. Hpot transactions
foi actual cash largely controlled quo
tations for option dealing* vastly
greater in volume The actual kernel*
war* aald to be ao scarce that thaie
waa a shortage at seed wheat in svan
such a typical carnal oarUon as tha
H 4 river vati>-y of the north. Com
pared with last night'* etasir.g figure*.
July elust to-day ciooad si an ad-
vance of 1%@1%c. Corn up 1%@1%c.
Oats show a gain of %c, and provis
ions 7% to 20c.
The leading futures ranged as fol
low's:
Opening. Highest. Lowest. Closing.
Wheat No. 2
May ....96 97 . 95% 96%
•July ...88% 90% • 88% 89%
••July ..87% 88% 87% 88%
•Sept. ..83% 84% 83% 84%
••Sept. .82% 83% 82% 83%
*Oid. “New.
Corn No. 2
May ....53% 55 53% 55
July ....50% 52 50 % 52
Sept. ...50% 51% 50 51%
Oats No. 2
May ....39% 40% 39% 40%
July ....38% 39 38% 38%
Sept. ...32% 33% 32% 33
Mess Pork. Der barrel—
May .. .sl3 15 sl3 40 sl3 15 sl3 32%
July ... 13 40 13 60 13 35 13 55
Lard, per 100 pounds—
May ... 7 00 7 10 7 00 7 07%
July ... 7 17% 725 7 17% 7 22%
Short Ribs, per 100 pounds—
May ... 690 7 02% 690 700
July ... 705 7 17% 705 715
Cash quotations were as follows:
Flour firm; No. 2 spring wheat, 93c@
$1.00; No. 3, 87@99c; No. 2 red. 95%c@
$1.02; No. 2 corn, 54%@55c; No.
2 yellow corn, 54%@55c; No. 2 oats,
40@40%c; No. 3 white, 41@43%c; No.
2 rye, 70c; good feeding barley, 38@
40c; fair to choice malting, 45@55c; No.
1 flaxseed, $1.09; No. 1 Northwestern,
$1.15%; mess pork, per barrel, $13.25@
13.37%; lard, per 100 pounds, $6.90®
6.92%; short ribs sides (loose), $6.75®
6.87%; short clear sides (boxed), $7.25
@7.50; whisky, basis of high wines,
$1.28; clover, contract grade, $10.40.
Receipts Wheat, 18,000 bushels;
corn, 90,200 bushels; oats, 240,700 bush
els.
DAILY GRAIN LETTER TO HAY
WARD,
Chicago, March 28. —Wheat —The
larger part of the wheat news
was favorable to tlje bull side.
The cash crop and statistical items
were pretty generally arrayed on the
one side, but the lack of a broad trade
decreased to some extent their effec
tiveness. Transactions in No. 1
Northern at the May price were re
ported early in the session. Minneap
olis mills all started up to-day.
Country elevator stocks are expected
to decrease 2,500,000 for the month of
March, which will bring the total
down to about 2,500,000. The export
able surplus in Manitoba is estimated
at 10,000,000 bushels, compared with
20,000,000 a year ago.
Corn—Corn market w r as an Armour
affair and this applies to both the fu
ture and the sample market. The
poor quality of the corn back in the
country is the reason given for expect-
SAVANNAH’S CURRENT MARKETS
Note —These quotations are revised
daily and are kept as near as possible
in accord with the prevailing whole
sale prices. Official quotations are not
used when they disagree with the
prices wholesalers ask.
POULTRY—Market, good demand;
springers, 40@45c per pair; three
quarter grown, 55@65c; hens, 80@90c.
EGGS—l6@l7c; steady.
BUTTER—The tone of the market is
firm. Quotations: Extra, Elgins, 60
tubs, 26@27c: choice Elgins, 24@25c;
renovated butter. 20c.
CHEESE—Market firm; fancy, full
cream cheese, 22@25-pound, 13c; 30 to
35-pound, 12%c.
WHITE PEA BEANS—S2.SO bushel.
POTATOES—S3.OO@3.2S.
ONlONS—Native, barrels, $4.50.
TURNIPS—S2.2S.
CRANBERRIES Cape Cod, $2.75
box.
Breadstuff, Hay and Grain
FLOUR—Patent, $5.90; straights,
$5.60; fancy, $5.50; family, $5.10; spring
wheat, best patent, $6.55.
MEAL—Pearl, per barrel, $3.25; per
sack, $1.37%; Pierce's water ground,
$1.40; city grits, per sack, $1.40; Pearl
grits, Hudnut’s, per barrel, $3.25; per
sack, $1.45; Savannah Milling Com
pany, meal, $1.32%.
Grain Market*.
QUANTITIES— Jobs. Cars.
No. 2 white corn 73 70
Mixed corn 72 69
OATS—
No. 2 white clipped 61 58
No. 2 mixed 67 64
Texas rust proof oats,
bright 71 68
BRAN—
Pure wheat bran $1.25 $1.20
Mixed bran 1.25 1.17%
Cracked corn 1.35 1.28%
No. 1 timothy 1.02% 98
No. 2 timothy 90 85
RlCE—Market steady; demand good;
fancy head, 6c; fancy, 5%c.
Good 5 @5%
Fair 4%@4%
Common 3%@4
Fruits and Nuts.
APPLES—S4.7S@S.OO; choice, $4.00.
BANANAS—SI.SO@2.OO.
COCOANUTS—Sack of 100, per sack,
$3.50.
ORANGES —Florida, $2.75@3.00; Cal
ifornia navel, $3.00 a box.
LEMONS—New Massinas, $3.00@3.25.
MALAGA GRAPES Heavyweight,
$5.00@6.00 per keg; mediums, $4.25®
4.50 per box.
PRUNES—2Os to 30s, 13c; 30s to 40s,
10c; 40s to 50s, 8c; 50s to 60s, 7%c; 60s
to 70s, 6%c; 70s to 80s, 6c; 80s to 90s.
5%c; 90s to 100s, 4%c.
PEANUTS —Ample stock, fair de
mand; market firm; fancy hand-pick
ed Virginias, 6%c; N. C. peanuts. 5%c;
ex. Virginias, 5%c.
NUTS—Almonds, Terragona, 14%c;
Ivicas, 13%; walnuts. French. 12%c;
Naples, 14%c; pecans, 10c; Brazils,
9%c; filberts, 11c; assorted nuts, 50-
pounds and 25-pound boxes, 12c.
Dried and Evaporated Fruits.
APPLES —Evaporated, 7%c); sundried
6%c.
APRlCOTS—Evaporated, fancy, 13o;
choice, 10%e.
RAISINS—L. L. 2-Crown, SLBS; 3-
Crown. $2.00; 4-Crown clusters, $2.75;
loose muscatells, 8c; 1-pound seeded,
10%c; imperial cabinets, $3.00 per box.
PEACHES—Evaporated, peeled, 16c;
unpeeled, B%c.
PEARS— Evaporated, 10%c.
CITRON—A. S. drum, 14%c; fancy
Corsican, in 10-pound boxes, 14%c.
CURRANTS—BarreIs. 7c.
sugar.
Cut loaf ..5.87
Cubes 1.5.43
XXXX powdered 5.32
Powdered 5.32
Fine granulated 5.17
Confectioners' A 6.02
White Extra C 4.82
Golden C 4.62
Coffee.
Java 24 c
Mocha ,23%c
Pea berry 13 c
Fancy No. 1 12 c
Choice No. 2 11 c
Prime No. 2 10 c
Good No. 4 9%c
Fair No. 5 9 c
Ordinary No. 6 .' |%c
Common No. 7 g c
SALT—Car lots, 100 pounds burlap
sack*. 3c; 100-pound cotton sacks, too,
125-pound burlap sacks. 45c; 126-pound
cotton sacks. 47c; 150-pound burlap
sacks, 54c.
HlDES—Market, Arm; dry flint,
!4e; dry salted, 12c; green salted,
• %r
WOOL—Firm; prim* Georgia, fra*
of sand burrs and black wool, nomi
nal at Sic; black, lie; burry, lOQlxe,
wax, tie; tallow te dosr akin. 24e.
Hardware and Italldlna Sapplle*.
LIME. CALCIUM FLAMTKR ASU
CEMENT - Alabama and Georgia lima |
in fair Itsianl and soli at lISNc a i
barrel, spatial calcined piaatar, |i tog)
Hides, Wax, Wool, Furs in Demand.
All Poultry good demand. Eggs good demand.
AEUDI IPU 9. DDfl Wholesale Grocers and Liquor Dealers,
i LfinUUn Ob DnUif m-113-115 Bay Street, West.
ing higher values, but our advices are
quite to the contrary. Receipts were
light both here and elsewhere, but the
trading was good. There were eleven
cars of contract out of a total of
seventy and the quantity transferred
from private houses keeps up the re
cent average. The cash was % to 2
cents up. with the drying house the
principal buyer. The best corn was
taken by Armour & Cos. As long as
Armour & Cos. are active in the May.
the July will be sympathetically in
fluenced to a considerable extent.
Eventually we firmly believe it will
sell much lower, but under the exist
ing pit conditions we cannot advise
sales except on extreme bulges.
Oats —The Armour interest devoted
some attention to the oat pit this
morning and this market followed in
the course of corn. The appearance of
a bull Interest caused some anxiety to
cover among local shorts. There was
some talk on the floor of a better de
mand from Eastern distributing
points. Our offers, however, cover the
entire eastern territory and we only
sold a few care.
Provisions—There was some in
crease to-day in the volume of trade
in the provision pit which resulted in
a higher range of values. There is a
distinct upward trend throughout the
list and pit conditions appear favor
able for an advance. Weak holders
have been eliminated and selling has
been pressed to a point where a fair
short interest has been created. We
think prices are low enough and we
favor the long side. Hog receipts to
day, 34,000. Estimated for to-morrow,
26,000.
DRY GOODS ftl'IET.
New York, March 28.—The dry goods
market continues unusually quiet, and
the operations of buyers are reduced to
a minimum. No further evidences of
willingness to make concessions on the
part of manufacturers are apparent.
The possibility of general curtailment
is regarded as the most healthy factor
in the situation and may improve con
ditions if realized.
COTTON SEED OIL.
New York, March 28.—The market
for cotton seed oil was quiet and some
what irregular, in view of freer offer
ing. Prime f. o. b. crude, 28%@29c; off
summer yellow, nominal; prime white,
40c; prime winter yellow, 40%c.
1.65 per barrel; hair, 4@sc: Rosedale
cement, $1.20@1.25; carload lots, spe
cial. Portland cement, retail, $2.65;
carload lots, $2.00@2.40.
LUMBER—Market firm. Quotations:
Sawn ties, per M feet, $10.50@11; hewn
ties (7x9x8%), 42c each; hewn ties
(6xß), 28c; switch ties, $11.50; mini
mum, easy size yard stock. $12@14; car
sills, $14@16; ship stock. $22.
on.
Perfection Signal Oil 42 c
Pratt’s Astral 17 c
Aladdin Security 16 c
Water White 16 c
Standard white 15%c
D. S. Gasoline 16%c
D. S. gasoline in drums 14%c
86 degree gasoline in drums 19 c
SHOT—Drop, $1.60; B. B. and large,
$1.75; chilled, $1.85.
IRON—Market firm; refined, $2.25;
Swede, sc.
NAILS—Cut, $2.50; base wire, $2.40
base.
BARBED WIRE—S3.IS 'per 100
pounds.
GUNPOWDER—Per keg, Austin
crack shot, $1.50; half keg, $2.50; quar
ter keg, $1.40; champion ducking,
quarter keg, $2.25; Austin smokeless,
half kegs, $3.45; quarter, $3.40; three
pound, $2.10; one pound, 75c; less 30
per cent, on smokeless.
Cotton Bagging anil Tie*.
BAGGING—Market firm; 1% pound,
7%@8%c; sea island bagging, 9%@10c.
TlES—Standard 45-inch arrow, large
lots, $1.03@1.10; small lots, $1.15.
TWINE—Per pound, or hank, 14@
15c.
HAMS—Sugar cured, 13%@14%c; pic
nics. 7%c.
D. 6. butts 6%
D. S. plates 7%
Western heavy bellies 8%
Eastern light bellies 8%
Eastern medium bellies 8%
Eastern heavy bellies g%
D. S. C. R. sides 8%
Smoked C. R. sides 8%
LARD—Pure, in tierces, B%c; 50-
pound tins and 80-pound tubs, B%c;
compound, in tierces, 7%c; 50-pound
tins and 80-pound tubs, 7%c.
Miscellaneous.
FlSH—Mackerel, half-barrels, No. 1,
$10.00; No. 2, $8.50; No. 3, $8.00; kits,
No. 1, $1.40; No. 2, $1.30; No. 3, $1.10;
codfish, 1-pound bricks, 6c; 2-pound
bricks, 6%c- smoked herrings, per box,
19@20c; Dutch herrings, in. kegs, $1.10;
new mullets, half barrels, $4.00.
SYRUP—Market quiet; Georgia and
Florida syrup, buying at 22@23c; sell
ing at 26@27c; sugar house at 16%@
18c.
HIGH WlNES—Basis, $1.28.
HONEY —Fair demand; strained, in
barrels, 45c gallon.
"COST
Restores Lost Manhood and Is a guar
anteed cure for all diseases of the
Geno-Urlnnry Tract, such as Sperma
torrhea, Prostatitis, and Nocturnal
Emissions. The effects of early abuses
and excesses In malurer years are
quickly eradicated and a condition of
health and vigor attained.
Should It fail to effect a cure the
undersigned will gladly refund your
money.
PRICE #I.OO PER BOX.
UPPMAN DRUG CO.,
lAppntan Block. Savannah. Ga.
An Opportunity
From March Ist to April 30th, 1904
Specially Low Kales to
California and
the Northwest,
VIA THE SOUTHERN PACIFIC.
Quickest Route. Best Service.
Write me,
J. F. VAN RENSSELAER,
General Agent,
IS Peuehtree St..
Atlanta Ga.
R. O. Bean. T.P.A. G. W. Ely, T.P.A.
IMPORTED MOLASSES.
411 puncheon*. $Ol barrel*, cargo
brig Lady Napier. )u*t received and
for *al* by
C. M. GILBERT & CO.,
inronii4
OFFICIAL. 1
ORDINANCES.
(Continued from Eighth Page.)
be made in, nor shall any vehicle en
ter said buildings with lights or boiler
heater burning, and no machine hav
ing a tank capacity in excess of ten
(10) gallons shall be kept on storage in
said building, and provided further
that a license for the storing of an
automobile having a tank capacity not
exceeding ten gallons, in a designated
repository, may be granted upon a pe
tition therefor which receives the
recommendation of the superintendent
of the Fire Department and the due
approval of the Mayor.
Three copies of this ordinance shall
be posted in conspicuous places in
each and every place used as an auto
mobile repository.
No gasoline shall be handled in any
way for charging or filling any tank
or repository by artificial light, and
never at all after sundown.
Sec. 3. Be it further ordained that
any person, firm or corporation found
guilty of violation of any provision
of this ordinance shall, upon convic
tion before the Recorder's Court of
the City of Savannah be subject to
a fine in a sum not exceeding twenty
five ($25.00) dollars or to imprison
ment for a period not exceeding thir
ty (30) days, either or both, in the dis
cretion of the presiding officer, for
every day that such violation con
tinues.
Sec. 4. Be it further ordained that
all ordinances and parts of ordinances
in conflict with this ordinance be and
the same are hereby repealed.
Ordinance read in Council for the
first time Nov. 11, 1903, read a second
time Nov. 25, 1903, and referred to Com
mittee on Fire to report to Committee
of the Whole; read a thirde time March
16, 1904, amended and laid on the table
until the -next regular meeting of Coun
cil. J. ROBERT CREAMER.
Clerk of Council.
Office Clerk -of Council, Savannah,
Ga., March 18, 1904.—The following or
dinance is published for the informa
tion of all concerned.
J. ROBERT CREAMER,
Clerk of Council.
By Committee of the Whole—
"An ordinance to require automo
biles, locomobiles or other similar road
carriages used upon the streets of the
city of Savannah, to be registered and
numbered, and for other purposes," of
fered by the Committee of the Whole.
“Section 1. Be it ordained by the
Mayor and Aldermen of the city of
Savannah, in Council assembled, That
all automobiles, locomobiles and other
similar road carriages, used upon tho
streets of the city of Savannah, shall
be, by their respective owners, regis
tered in the office of the clerk of Coun
cil, in a book to be kept by him for
that purpose, which registry shall show
the style or kind of such road carriage,
the name and street address of the
owner, and the number or the initials
of the owner to be attached or dis
played on such road carriage, which
number shall be designated and assign
ed by the clerk of Council in each
instance, or at the option of the own
er, in lieu of a number, the clerk shall
designate such road carriage by the
initials of the owner, and a certificate
of registry shall be given by the clerk
to such owner; and, on and after
March 15, 1904, no automobile, loco
mobile or other similar road carriage
shall be propelled, operated or used
upon the streets of Savannah until the
same shall have been registered as
aforesaid, and unless the person so
propelling, operating or using the same
shall display from or upon the rear
thereof, either painted upon or se
curely attached to such road carriage,
the registered number of the same, or
the initials of the owner, conspicuously
shown in figures, or letters as the case
may be not less than three nor more
than four inches in hight, which fig
ures, or letters, shall be colored so as
to contrast with the color of such toad
carriage and be easily discernible.
“Sec. 2. Be ft further ordained, That
on and after March 15, 1904, the owner
of any automobile, locomobile or other
similar road carriage operated, propell
ed or used upon the streets of Savan
nah which shall not have been regis
tered, shall be liable to all the penalties
prescribed by this ordinance as here
inafter set out; and further, it shall be
the duty of any parson using any such
road carriage upon said streets, to see
to it that the same is registered and
equipped with the numbering or letter
ing required by the first section of this
ordinance, and any person operating,
propelling or using any automobile, lo
comobile or other similar road carriage
upon the streets of said city, the same
being then and there unregistered, and
failing to display the registered num
ber, or initials of the owner of such
road carriage as required in the fore
going section, shall be liable to all the
penalties prescribed herein.”
Any person violating any of the pro
visions of this ordinance shall be pun
ished upon conviction before the Po
lice Court of the city of Savannah, by
a fine not exceeding twenty-five (25)
dollars, or imprisonment not exceeding
twenty (20) days, either or both, in the
discretion of the court.
Sec. 3. Be it further ordained, That
all ordinances and parts of ordinances
in conflict with this ordinance are here
by repealed.
Ordinance passed in Council meeting
Feb. 17, 1904.
FACTORY SITES FOR SALE.
The Committee of Council on City
Lots invites bids until noon of April
25th, reserving the right to reject any
or all bids, for any or all of the fol
lowing lots of the old water works
tract,, well located for manufacturing
purposes. Plats can be had on appli
cation to the city engineer:
Lot No. 6. containing 4.7 acres.
Lot No. 7, containing 5.2 acres.
Lot No. 8, containing 5.2 acres
Lot No. 9, containing 4.2 acres
Lot No. 10, containing 4.2 acres
Lot No. 11, containing 4.Nacres.
Lot No. 12, containing 4.5 acres.
Portions of these lots are rented;
possession can be had on sixty days'
notice.
Lot No. 2, containing 6.1 acres. The
railroad track can be removed on
thirty days' notice. The city reserves
the use, control and access to its wells
and the conduits therewith connected.
Lot No. 3, containing 4.3 acres. The
Northwest portion of this lot, 100 feet
by 100 feet, is rented at SSO per an
num until April 1, 1908. Lease can be
terminated by ownef on one year’*
notice. Other portion is rented; pos
session can be had oh sixty days' no
tice. The city reserves the use, control
and access to Its well and conduit
therewith connected.
Lots No*. 4 and 6, containing 9 ■
acres: five acres of which are leased
until March 25, 1912, with right of re
newal for live year* at $250 per an
num. Other portion I* rented; posses
slon can be had on sixty days' nolle*.
J. ROBT. CREAMER,
Clerk of Council.
CITY PHOFKRTY TO HBMT.
City Marshal * Office, bavannab, Oa-.
Aug. I. 1101—For rent, lb* store and
warehouse at lb* north*aat turner of
River and W**t Broad street*. For
particular* apply ta
HINHT E. DREBMON.
OLE NEW bPAPBRb. #W FUR *
rent*, at Busina** offica, Moraing
|Uva