Newspaper Page Text
10
COTTON’S TREND UP
EVERYTHING SEEMED TO EM
COI RAGE HIGHER PRICES.
CABLES WERE FAVORABLE.
SOME SALES WERE MADE ON THE
LOCAL. SPOT.
In thp Krpp on Hoard Markrt Thorp
Wan n Good Inquiry, hnt tlip Of
fprinaa IVorp Siimll —A Rumor Wun
Frevnlcnt on flip Cotton ExphnitKP
That Sully Had Annin Entered the
MarUot, and Thin Tended to Doont
Prieen—Cotton Exchange Will lie
Cloned To-day and To-niorron and
Liverpool, New Lori* and how Or
leann Will Follow Suit.
AT THE CLOSE.
FITCH ESt
Liverpool 10 Pointn Cp.
Non Vorh 24 Polntn l’p
Neat' Orleann 2S Point* Cp
SPOTS!
Liverpool 4 Points Cp.
New York 20 Point* Ip.
New Orleann ft-lti Point* Cp.
Satannah 1 nelianq-ed.
On the eve of the holidays cotton
still continued to play its mad pranks.
A bullish sentiment seemed to be in
the air, and everything was favorable
to higher prices.
In the first place, it was rumored
that the erstwhile King ‘Sully’' had
again entered the ring and this had
a tendency to boost things, then the
cables were extremely optimistic.
For the first time in several days,
some sales were reported on the local
spot, although quotations were un
changed.
It is said that over 25,000 bales are
at the wharves or in storage, await
ing shipment at Savannah.
There was some little interest mani
fested by exporters yesterday, although
as a rule the sales were light.
Some optimistic cotton men on the
exchange and in the brokers offices
yesterday freely predicted that the
staple would soar to 18 cents before
the end of April. They base their
prognostications on the fact that the
receipts are extremely light, and con
tend with ardor that the world must
have the cotton for its needs. While
there was some little inqury f. o. b.,
but little business was done. The of
ferings were as a rule small, and the
interior is still holding on firmly to
Its cotton.
The f. o. b. market opened and closed
steady, at 15%c. The Cotton Exchange
will be closed to-day, and Saturday,
as will also the New York, New Orleans
and Liverpool markets.
SPOT COTTON MARKET.
The following were the official spot
quotations at the close of the market
at the Cotton Exchange yesterday:
I 10:30 j I'OO TOO {‘Year’
Grades. A. M. P. M. jP. M. j Ago.
G. mlddilng!ls 115 15 110
Middling ... 14% !14% |14% !9%
L. middling 14% 114% 14% j!l
Tone IQuiet.iQuiet. Quiet. Quiet.
Sales 315 j | |
Exports coastwise 1.335
Iteceipts yesterday 3,412
Last year 2,136
Tear before last 1,382
Receipts since Sept. 1 1,081,430
Receipts same time last year.. 1,230,778
Stock yesterday 54,472
Stork last year 61,955
Receipts nnd Stocks at All Ports—
Receipts yesterday 9,771
Same day last year 9,268
Same day year before last 6,881
So far this week 49,935
Last year 92,861
Year before last 56,551
Iteceipts since Sept. 1, 1903 6.702]420
Last year 6,026,081
Stock at all ports yesterday... 531,882
Stock same day last year 406,219
I> \ II.Y ( OTTOS MARKET.
Galveston—Firm; middling, 15c; net
receipts, 1,196; gross, 1,196; sales, 1,-
242; stock, 36,856. Exports.—Coastwise,
1,587.
Norfolk—Net receipts, 1,200; gross re
ceipts, 1,200; stock, 14,600.
Baltimore—Nominal; middling, 15c;
stock, 3,122.
Boston—Dull; middling, 15.15 c; net
receipts. 100; gross, 1,230.
Wilmington—Nominal; stock, 6,157.
Exports.—Great Britain, 327.
Philadelphia—Steady; middling, 15.60;
net receipts, 26; gross, 2,151; stock, 1,-
953.
Savannah—Quiet; middling, 14%c;
net receipts, 2,412; gross, 2,412; sales,
815; stock, 54,472. Exports.—Coastwise,
1.127.
New Orleans—Firm; middling, 14%c;
net receipts, 4,533; gross, 4,533; sales,
2,000; stock. 288,160. Exports.—Coast
wise, 433; continent. 150.
Mobile—Quiet; middling, 14%c; net
receipts, 129; gross, 179; stock, 7,777.
Exports.—Coastwise, 200.
•Memphis—Steady; middling, 15%o;
net receipts, 733; gross, 1,089; sales, 300;
■tock, 44,212.
•Augusta—Quiet; middling, 15%c; ijet
receipts, 67; gross, 67; sales, 233; stock,
36.801.
Charleston—Firm; middling, 14%e;
net receipts, 125; gross, 125: stock, 4,-
945. Exports.—Coastwise, 2,800.
•Cincinnati—Stock, 5,493.
•Louisville—Firm; middling, 15%c.
•St. Louis —Steady; middling, 15c;
gross receipts, 984; sales, 108; stock,
17.027,
•Houston—Quiet; middling, 150; net
receipts, 1,097; gross, 1,097; stoek, 25,-
724.
New York —Dull; middling, 15.35 c;
gross receipts, 2,242; sales, 600; stock,
107,594. Exports—Great Britain, 1,860;
continent. 3.
Charleston —Add 100 bales to net and
gross receipts since Sept. 1.
Total to-day, at all seaports—Net re
ceipts, 9,771; Great Britain, 2,187; con
tinent, 153; stock. 531,882.
Consolidated, at all seaports—Net re
ceipts. 49,935: Great Britain, 29,318;
France. 14,430: continent, 16,995.
Total since Sept. 1, at all seaports—
Net receipts, 6,702,549; Great Britain.
2,069,328; France, 661,704: continent, 2,-
336.559: Japan. 39,021; Mexico, 25,471.
•Not included in totals.
AKA ISLAND.
There was practically nothing doing
in the sea island situation during the
week just passed, and quotations were
unchanged. The spinners are still
holding off, and are buying no cot
ton, There was a decrease of 10,818
bales to domestic mills and 15,954 bales
to Great Britain, as compared with
last i-par.
The total crop In sight to date is 72.-
638 bales, as against 98,996 bales last
year.
Price* about as follows:
Fancy Florida* 28
Extra choice Florida* 27
Choice Florida* 25 @2B
Fancy Georgias 27
Extra choice Georgia* 26 @26
Choice Georgia* 24 @25
Extra fine Ga.'s and F1a'*...23%
Fise Ga.'a and Fla.'* Nominal
Sea island report week ending April 1:
1801. 1904.
Receipts gross 51 471
Receipts net 51 471
Sales 179 3.921
Shipments 955 1,578
Stock 11,911 13,308
Receipts since Sept. 1, gr 05548,933 72,553
Receipts since Sept. 1, net. 47,449 70,469
Domestic, via N. Y 105 1,553
Inland 850
To Havre, via New York 25
Total 955 1,578
COTTON FUTURES.
New York, March 31. —The cotton
market opened firm at an advance of
8(7(17 points on covering, and some buy
ing for long account apparently pro
moted by higher Liverpool cables than
expected, but continued light move
ment. There was some irregularity
and occasional periods of reaction, but
these were comparatively limited botli
in duration and scope, and the market
as a whole ruled steady to firm all day,
closing steady 8 to 10 points down from
the top on some positlohs on room real
izing, but at a net gain of 14 to 26
points. At the best May sold at 15.12 c,
and July at 15.33 c, net gains of 30 to 33
points. Sales were estimated at only
250,000 bales.
The trading seemed to be mostly of
an evening up character, but senti
ment appeared to be bullish, and the
gossip on the floor had a very bullish
average. It was rumored for Instance
that the late bull leader had re-entered
the market through friends buying May
and July in large blocks, on a scalp
from about 14.50 c and 14.75 c, and there
was also soma talk to the effect that
a Wall street operator who has recent
ly been believed to be operating on the
short side had covered his sales and
gone long. In addition to this there
were reports of an improved spot de
mand after the holidays, and private
advices indicated some sales of spot
cotton at J'Jew Orleans.
Port receipts for the day were rather
heavier than expected, but the interior
movement remained very light,
amounting to only about half of last
year’s, and the bulls claimed that the
heavier port receipts were due to a bet
ter demand for export, and tvas also
at the expense of stocks at counted in
terior towns. On the other hand, ac
counts from the dry goods district con
tinued very unfavorable, the demand
for cotton products remaining accord
ing to public reports on a strictly hand
to mouth basis, with spinners evident
ly preparing to make extensive curtail
ments.
RECEIPTS AT PORTS.
New York, March 31.—Receipts cot
ton at the ports to-day, 9,771 bales,
against 8,585 last week, and 9,268 last
year.
SPOT COTTON AT NEW YORK.
New York, March 31.—Cotton: Spot
closed dull. 20 points higher; middling
uplands, 15.35 c; middling gulf, 15.50 c,
sales, 600 bales.
Cotton futures at New York March
31—
Options. | Open.| High. | Low. |Close.
March 77 14.77 14.77 .....
April 14.78 14.T8 14.78 14.82
May 14.97 15.12 14.95 15.04
June 15.05 b! 15.05 15.05 15.18
July 15.14 | 15.33 15.12 16.24
August .... 14.70 J 14.81 14.70 14.79
September . 12.90b' 13.03
October .... 12.29 I 12.31 12.24 12.28
November 12.14 12.14 12.13
December ,| 12.05 | 12.12 12.05 12.11
Futures opened strong; closed steady.
NEW ORLEANS COTTON MARKET.
New Orleans. March 31. —Cotton fu
tures steady: April, 15c, bid; May,
15.23@15.24c; June, 15.46@15.48c; July,
15.67@15.68c; August, 14.80@14.81c; Sep
tember, 12.90@12.93c; October, 12.15 c;
November, 12.00@12.03c.
Spot cotton, firm and higher. The
inquiry from exporters was good but
factors as a rule refused to sell at
board figures. Sales, 3,050 bales, in
cluding 2,200 to arrive and 650 f. o. b.;
delivered on contracts, 1,000; quota
tions advanced 5-16.
Futures were surprisingly active and
firm and prices made good advances.
This was due to unexpectedly favor
able Liverpool cables and a marked
improvement in the spot demand. No
one expected that any spot trading
would result until after the holidays.
Shorts did not like the looks of the
market and they covered freely, send
ing prices up on themselves. At the
opening prices were from 13 to 21
points higher. The demand was good
while offerings were light. There ap
peared to be no short sellers in the
market, offerings coming almost en
tirely from liquidating longs. All
offerings were readily absorbed. In
the trading May opened at 15,16 c, ad
vanced to 15.30 c and finally receded to
15.23 c. The market closed steady. Net
gains were, on April, 34 points; May,
June and July, each 24; August, 15,
and the new crop months 10 to 13
points.
LIVERPOOL COTTON MARKET.
Liverpool, March 31.—Spot cotton In
limited demand; prices steady 4 points
higher; American middling fair, 8.54d;
good middling, 8.38d; middling, 8.28d;
low middling, 8.18d; good ordinary,
8.08d; ordinary, 7.88d. The sales of
the day were 4,000 bales, of which 200
were for speculation and export, and
included, 3,500 American; receipts, 7,000
bales, including 5,900 American.
Futures opened steady and closed
firm; American middling, good ordi
nary clause: April, 8.10d; April-May,
8.07d; May-June, 8.04d; June-July,
8.Old; July-August, 7.97d; August-Sep
tember 7.74d; September-October,
6.96d; October-November, 6.62d; No
vember-Deeember. 6.52d.
DEMF.RF. A HAMMOND
Confidently I. ook Forward to it
More Active Market.
Savannah, Ga„ March 31. —The
strength in the cotton market is the
outcome of the true statistical posi
tion of the staple in the face of the
approaching holidays, and the fact that
this is Holy Week, observed, in both
New Orleans and Liverpool. Business
has been small, yet, both the spot and
future cotton market have held firm,
and shows an advancing tendency. Re
ceipts and movement continue very
light, and are regarded as bullish. It
is well known that Liverpool and the
continent are yet far behind in their
supply of American cotton, and the
fact that during light trade and grad
ual closing up season of March pre
paratory to work in the new crop.
The market has not declined, and it
is believed will stimulate better for
eign business this coming week, and
we look forward to a more active mar
ket, and an advance in prices all
around. On New York's close Liver
pool is due to come 2 to 3 up on Tues
day next.
Grain—The wheat market to-day was
rather unsettled, and on the whole bull
ish. The holiday to-morrow and the
suspension of business abroad until
Monday and the forecast for more pre
cipitation throughout the winter wheat
belt, created a strong desire on the part
DEMERE U HAMMOND, Brohers,
Phones 1505 Office No. 24 Bryan street, East.
COTTON, STOCKS, BONDS, GRAIN AND PROVISIONS.
Direct Private Wires to I/ending Exchange*.
I LOCAL SECURITIES A SPECIALTY.
SAVANNAH MORNING NEWS: FRIDAY. APRIL 1. 1904.
Hayward, Vick: Sc Cos.,
COTTON, STOCKS, BONDS.
GRAIN, PROVISIONS AND COFFEE.
New York Correspondents,
J. H. PARKER & CO.
Chicago Correspondents:
BARTLETT, FRAZIER &
CARRINGTON.
New Orleans Correspondents:
HOME OFFICE.
BOTH TELEPHONES 530.
With our Private Wires to New Y ork. New Orleans and Chicago, we
can execute all orders on the several exchanges with unequalled dispatch.
J. M. McCORD, Manage r, 104 Bay St.. East. Savannah, Ga
of longs to even up, the whole list was
sold off at the close.
Corn—Corn started off stronger and
higher with a good trade, which grad
ually dwindled to almost nothing the
last hour.
Oats—There was considerable activ
ity for a time in the oats pit. Buying
was general by commission houses,
based presumably on wet weather. De
mand for shipment was very poor.
Provisions—Provisions started weak
on heavy run of hogs here, and at all
Western points. The buying on break
was largely by shorts, and was of a
particularly good class in July pork.
WARE & I,EI,AND.
Think situation Encourage* flaying
on (jod llr*nU.
New York, March 31.—As compared
tvith, by far the greater majority of
events heretofore, this season, develop
ments for the past few days have
proved a rather uninteresting na
ture, and lacking those sensational
and exciting characteristics that have
been of absorbing interest.
The net results of four days’ busi
ness has been to reveal the strength
of the cotton position. After the sharp
advance to 15Vie following the census
report, the market broke to 14%c, and
then recovered to 15%c. The reason
was quite to be expected after the ex
tensive advance, but the steady im
provement in the face of opposition
by several of the most important in
terests in the local markets can be
taken as revealing a stronger cotton
position than the most enthusiastic
regarded as possible at this time.
Trading has been along narrow lines,
the outside Interest is very small and
the majority of professionals are in
clined to be bearish in their attitude.
Short sellers have been compelled to
buy in cotton at an absence of those
profits that bears like to see. All of
which goes to show that, however un
attractive the situation may be to buy
ers, it is extremely dangerous to short
cotton this season.
Looking over the cotton position, the
outlook is certainly bewildering. It is
all well enough for some of the mill
owners and dealers in spot cotton to
say that consumption cannot go on at
15 cents a pound, but with Liverpool
stocks the smallest since the Civil
War, and the interior movement al
most nothing, it is an open question
tvhether the larger mills can really
close up shop, and throw employes
out of work and stop machinery.
The next few months in the cotton
market will be traveling through an
unknown country with no land marks
to guide the voyager, and there is no
one old enough or experienced enough
in the cotton business to say that 15c
is going to stop cotton production of
manufactured goods, leaving the world
to go naked.
People have got to be clothed
whether cotton sells at 10, 15, or 16 a
aound. If the census report is any
where near correct the question of
prices is not likely to enter into the
problem. Under the circumstances,
we cannot but continue our attitude
on the same side of the account pre
vailing heretofore this season, and
while advising caution we believe cot
ton should not be sold short, but pur
chased on good breaks.
J. H. PARKER & CO.’S
Colton Letter to Hayward, Vlelt A
Company.
New York, March 31. —Private cables
from Manchester contradict the news
paper accounts of poor trade, and in
sist that British spinners are doing
p good business, and they they are
likely to continue doing so for some
time to come. The Liverpool market
begins to lend color to this claim and
again shows a disposition to lead, as
it did several weeks ago.
The strength displayed there to-day,
just before the holidays, was certain
ly encouraging, and outside of natural
effect of taking of long profits on this
side there was nothing to hold our
market in check. As it was, an ad
vance of over 30 points was at one
time established, and this was only
partly lost as the result of taking down
handsome profits by longs. A good
many people look for strong and ac
tive markets after the holidays. The
statistical position is daily becoming
more bullish and the stubbornness of
holders of the remnant of this crop
will be increased in proportion to the
faffing off in the movement. It is true
that within five weeks the agricul
tural bureau report on the new crop
will be issued, giving the increase in
acreage, which may prove to be con
siderable. but, during the interim,
many things can happen, and it is pos
sible that the predictions of much
higher prices may be verified temporari
ly.
From Savannah we hear that 25,000
bales are now on the wharves await
ing the arrival of steamers to carry
them abroad, and other Southern ports
will ship very heavily within the next
few days. The cotton moving thus is
part of Southern stocks w'hich were
hedged with futures, and which, as we
pointed out at the time, w T ere eagerly
bought by spinners when the big col
lapse in futures permitted holders to
sell around 13 cents owing to the hand
some profits they were able to take in
on these hedges.
Trader* Will Observe Good Friday.
New York, March 31.—The Good Fri
day-Easter holiday will be generally
observed in financial and commercial
circles in this city. The Stock, Pro
duce and Consolidated exchanges will
be closed to-morrow. The cotton and
coffee exchanges will close both Friday
and Saturday. The sugar trade offices
will transact no business on Friday
and Saturday. Ail exchanges abroad
will be closed until next Tuesday.
COTTON SEED OIL.
New York, March 31.—The dullness
in hog products to-day was reflected
in cotton seed oil. The market showed
no new features and trade was light.
Prime crude f. o. b. mills, 28%@29c;
prime summer yellow, 35%c; off sum
mer yellow nominal; prime white, 40c;
prime winter yellow, 40%c.
W. S. DAFFIN, “
COTTON BROKER,
839 Gravler Street, New Orleans, I,n.
Member New Orleans Cotton Ex
change, Savannah Cotton Exchange.
Special attention given to the execu
tion of contracts for future delivery.
Spinners orders carefully executed.
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 FELL BACK
“NOTHING DOING” POSTED AT
ROTH OPENING AND CLOSING.
STANDARD DESERTS FIELD
AND LEAVES TURPENTINES TO
TAKE CARE OF ITSELF.
Same Tone of Apathy Prevailed One
Year Ago—All tirade* of Rosin* in
Firm Request, Although Three Top
Notclier* Were Advanced, and E.
and F. Showed Slight Decline —Re-
ceipt* in Both Market* Continue
Extremely Light—Hoard of Trade
a* I* Its Custom Will Observe To
day, Good Frida)', a* a Holiday,
and Business Will Be Suspended.
History repeated itself in the spirits
market yesterday, and as was the case
just twelve months ago, “nothing do
ing" was chalked up at the Board of
Trade as the tone. No sales of tur
pentine were reported, either at the
opening or the closing, and the Stand
ard Oil Company which has been per
sistently sticking to the product for
the past week, left it in the lurch.
A feeling of apathy seemed to per
vade the market, and there was little,
if any, inquiry.
The fact that It was the last day of
a dying year did not even seem to
reflect a sentimental influence upon
buyers, and It looks as if the market
will remain quiet until after the holi
days.
As customary, the Board of Trade
will observe to-day (Good Friday) as
o holiday, and nothing will be doing in
the naval stores trade until Satur
day.
The receipts of spirits continue ex
tremely light and only 634 barrels were
reported. The exports amounted to 254
casks. New York is reported at 59 %e
and 280 casks were posted sold.
Rosin—All grades of rosins are in
firm request, although there were sev
eral changes made.
The three top notches, W. W., W. G.,
and N. were advanced, the former be
ing put up 5 points and the two latter
grades 10 points each.
On the other hand, F. and E. were
sent down the scale 5 digits.
The sales of rosins amounted to 857
barrels, all of which were reported at
the 11 o'clock call. The receipts were
623 barrels, and the exports 1,118 bar
rels.
Tester- Day Last
SPIRITS. day. Before Year.
Spirits ....| .. | 57 | ~
Tone IN. doing.) Dull. N. doing.
Sales | '.. | 144
Rosins | Firm. | Firm. | Firm.
W. W. .... 4.101 4TOS| 3.75
W. G 3.SOj 3.70| 3.60
N 3.60i 3.501 3.50
M 3. 351 3.35 J 3.40
K 3.30| 3.30 j 3.20
I 2.95) 2.95! 2.85
H 2.70| 2.70| 2.40
G 2.65| 2.65| 2.20
F | 2.601 2.601 2.10
E 2.55| 2.55| 2.05
D 2.50 j 2.501 2.05
A, B, C.... 2.50| 2.501 2.05
Sales 8571 __22o[ ....
NAVAL STORES STATEMENT.
Spirits. Rosins.
Stock April 1 1,241 145,882
Receipts yesterday 634 623
Receipts previously 193,013 650,315
Total 194,888 795,820
Exports yesterday 254 1,118
Exports previously 188,267 751,152
Total 188,521 752,270
Stock yesterday *6,495 44,550
Stock last year 1,476 111,071
*l2B casks, receipts from Standard
Oil Company, included in stock.
WEEKLY MOVEMENT.
Spirits.
1904-1903.
Stock April 1 1,241 1,241
Receipts past week 1,271 949
Receipts previously 193,647 510
Total 196,159 2,700
Exports—
Foreign 93,384
New York 35,658 103
Coastwise and interior... 59,351 173
Total 188,393 275
Stock on hand 6,495 1,476
Rosins.
1904-1903.
Stock April 1 145,882 110,123
Receipts past week 3,188 5,084
Receipts previously 650,938 2,126
Total 806,503 118,829
Exports—
Foreign 33,871
New York 89,353 160
Coastwise and interi0r...326,746 1,018
Total 752,270 1,178
Stock on hand 45,321 122,399
| 1903-04.11
| 45 j 65 |j 42 | 65 11 31 | 53
_ Rosins— ! j || | || |
W. W |3.30|4.75| |3.50 j 4.251 [2.2513.95
W. G j3.10:4.40! 3.25 3.85 2.00 3.70
K |2.8014,15||2.40:3.20 11.65|2.45
F [1.60|2.90||1.20|2.10![1.10)1.50
D |1.55|2.80n1. 10.2.0u|j1.00,1.49
IN OTHER MARKETS.
New York, March 31.—Rosin, steady.
Turpentine, steady.
Charleston, S. C„ March 31.—Turpen
tine, and rosin, nominal, nothing do
ing.
Wilmington, N. C., March 31. —Spirits
turpentine, nothing doing; receipts, 14.
Rosin, nothing doing: receipts, 93.
Tar Ann at $1.70; receipts, 22.
Crude turpentine firm at $2.25, $3.75
and $3.75: receipts, 7.
New Orleans, March 31.—Exports:
Leith, rosin, 250 barrels; Liverpool,
rosin, 250.
DRY GOOD I NCHANGED.
New York, March 31.—The dry goods
market has not changed from the stag
nant condition which has been preva
lent for so long. There are those who
look for a change before long from
those manufacturers who are compell
ed to realize on their product. A few
buyers are In town and those who are
here are not Interested, except for Im
mediate delivery.
COTTON ACREAGE IN TEXAS.
Indication* Point To More Than
Average Increane.
The New York Journal of Commerce
says: Present indications point to
more than an average increase in the
cotton acreage of Texas in 1904. This
conclusion is based upon results ob
tained by a special canvass of our
correspondents in that state, to whom
the following questions were addressed
and whose replies are published in
full:
First. What will be the increase or
decrease per cent, of cotton acreage
in your vicinity this year compared
with last year?
Second. Is planting early or late
this year?
Third. Is there sufficient labor in
your vicinity to properly care for any
large increase in acreage?
It being still too early to anticipate
the final acreage with any degree of
accuracy, no attempt is made to esti
mate the percentage of increase in the
entire state. A glance at the returns,
however, suggests that the increase will
be as large and probably larger than
last year, when it was 7.6 per cent. The
season in Texas is about two weeks
early with cultivation and planting
correspondingly advanced.
The chief drawback was lack of rain
in many districts which somewhat
counteracted the satisfactory state of
the soil and other favorable conditions.
A number of correspondents report the
ground in the finest condition. A few
complaints are made of boll weevil,
but early planting and the use of early
maturing seed have often been re
sorted to for overcoming this pest.
Opinion as to the sufficiency of labor
is divided, a number of correspondents
reporting scarcity, but the majority
affirming there is sufficient to handle
a liberal increase in acreage. About
one-half of our correspondents report
planting commenced. Over 270 replies
are published, the average date being
March 24.
THE RICE MARKET.
New' York, March 31. —Demand for the
week has been of a somewhat disap
pointing character; the movement thus
far this season having been on such
a liberal scale that any let up in the
demand is regarded as depressing.
While there is no lack of interest in
the market, the physical difficulties oc
casioned by the prolonged winter wea
ther have stood in the way of ulti
mate distribution. Clearing skies and
the balmy air of spring will no doubt
revive general business and rice from
its vantage ground of low prices, and
handsome quality will share largely in
the improvement. Prices are well sus
tained, particularly on medium and
prime grades, which, in spite of free
arrivals, are not over plentiful.
Advices from the South note easier
conditions on the Atlantic coast, and
prices during the week declined quite
an item, bringing them nearer a parity
with other primal points.
At New Orleans market is reported
as quiet; sales for the week about
two-thirds of average of the season.
In the interior Southwest Louisiana,
and Texas, movement is of fair propor
tions in the aggregate, some localities
reporting large business accomplished
and others complaining of lack of fa
vors from the distributing trade.
Cables and correspondence from
abroad note easier conditions, move
ment on hand to mouth basis waiting
arrivals of new crop.
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 —16@17c; 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.OS.
ONIONS —Native, barrels, $4.50.
TURNIPS—S2.2S.
CRANBERRIES Cape Cod, $2.75
box.
Drend*ttifY, liny 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; Peari
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 57 54
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%
HAY—
No. 1 timothy 1.00 92%
No. 2 timothy 90 85
RICE —Market steady; demand good;
fancy head, 6c; fancy, 5%c.
Good 5 @5%
Fair 4%@4%
Common 3%@4
Fruit* and Nats.
APPLES—S4.7S@S.OO; choice, $4.00.
BANANAS—SI.SO@2.OO.
ORANGES—FIorida, $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, $4.35®
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%e;, 70s to 80s, 6c; 80s to 90s,
5%c; 90s to ioos, 4%c.
PEANUTS—AmpIe 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 Fruit*.
APPLES— Evaporated, 7%c; sundried
5%e.
APRlCOTS—Evaporated, fancy, 13c;
choice, 10%e.
RAISINS—L. L. 2-Crown, $1.85; 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.
snanr.
Cut loaf 5.87
Cubes 5.42
XXXX powdered 5.32
Powdered 5.32
Fine granulated 5.17
Confectioners’ A 5.02
White Extra C 4.52
Golden C 4.62
Coffee.
Java 24 c
Mocha
Peaberry 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 B%c
Common No. 7 8 c
EGGS! EGGS! EGGS!
Call op Georgia 193, or Bell 1307. Eggs for Easter
Trade.
Ar UDI IPU 9 DDf! Wholesale Grocers,
I Lnnuun 06 DllUif 111-113*115 Bay Street, West.
LOCAL FINANCIAL MARKET.
The following are the Savannah Cot
ton Exchange quotations:
DOMESTIC EXCHANGE—Buying at
50c 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,
35c; 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(4; 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% 145%
Southern Bank 180 185
Merchants National Bank.. 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
•Pius dividend.
Railroads and Industrials.
Bid. Asked.
Augusta and Savannah ....113 113(4
Atlanta and West Point ....153
do 6 per cent, certif 106 108
Central Ice 95 100
Chat, and Gulf stocks 109 110
Georgia Telephone ana Tele
graph .... 85 86
Georgia Brewery 92% 100
Macon Ry. 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 15
Savannah Hotel Company ... 65 68
Southwestern 112% 113%
Southern Railway preferred.. 85 86
do do common 22 22%
Savarnah Brewing 103 105
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 20
C. of Ga. (M. G. and A.
Div.) 5s 105 106
G. S. and F. 5s 112
Georgia State 3%5, 1930 ....106 110
do 3%5, 1915 M. and N 103% 104%
do 4%5. 1915 113% 114%
Macon Ry. and L. bonds ... 89 90
Jacksonville Electric 5s 90 92%
Ocean Steamship ss. 1926 ....108 110
Savannah city ss, 1913 108% 109%
Savannah city ss. 1909 104 104%
S. A. L. common 9% 10%
do do preferred 17 17%
Savannah Elec. Cos. os 90 92
Middle Ga. and Atlantic ....105 10S
Eatonton 105 106
SALT—Car lots, 100 pounds burlap
sacks, 36c; 100-pound cotton sacks, 38c;
125-pound burlap sacks, 45c; 125-pound
cotton sacks. 47c; 150-pound burlap
s&fks 54c •
HIDES —Market, firm; dry flint,
14c; dry salted, 12c; green salted,
6%c.
WOOL—Firm; prime Georgia, free
of sand burrs and black wool, nomi
nal at 21c; black, 18c; burry, 10@12c;
wax, 26c; tallow. 4c: deer skin, 24c.
Hardware and BnildliiK Supplies.
LIME, CALCIUM PLASTER AND
CEMENT —Alabama and Georgia lime
in fair demand and sell at Ss@9oc a
barrel; special calcined plaster, $1.50®
1.65 per barrel; hair, 4@sc: Rosedale
cement, $1.20(51.25; 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.
Oil.
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 BagginK' and 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. S. butts 6%
D. S. plates 7%
Western heavy bellies ".”.8%
Eastern light bellies 8%
Eastern medium bellies ...8%
Eastern heavy bellies 8%
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
barrala, 45c gallon.
Atlantic Coast Line gives benefit of
a short line mileage detachments be
tween Savannah and Augusta, 132
miles.—ad.
BUSINESS LOCALS.^^
Gilbert W. Allen, real estate
agent; estates managed; rents
collected, and repairs made without
extra charge. 1 respectfully ask a
share of your business. 21 East Bay
street.
Beet bargains In city property by W.
J. Mlscally, Jr., 20 Bryan street. Tou
will consult your own Interest by see
ing him fc? full particulars.
If you are hard to please in having
your pictures framed, take them to
Ladeveze’s where expert workmen are
employed. Prices the lowest known.
11 Congress street, west.
Announcement
Extraordinary
Southern Railway,
Special Rates for
Special Occasions
During Summer
Season, 1904.
We will sell reduced rate tickets
for the following special occasions
during the summer of 1904, in addi
tion to regular summer excursion tick
ets to summer resorts and for oth. r
occasions to be announced later, and
will be glad to have you patronize our
line and we will afford the very best
possible service and accommodations.
TO BUFFALO, N. Y.,
AM) RETURN.
International Convention Y. M
C. A., May 11-15, 1904. Tickets
on sale May 8, 9 and 10, good to
return leaving Buffalo until May
23, 1904. One fare plus fifty (50)
cents for the round trip.
TO NASHVILLE, TKX.V,
AM' RETURN.
Annual meeting Southern Bap
tist Convention and Auxiliary
Societies, May 12,-18, 1904. One
fare plus twenty-five (25) cents
for tlie round trip. Tickets on
sale May 10, 11 and 12, good to
return ten (10) days from date
of sale. By deposit of tickets
with agent at Nashville and pay
ment of 50 cents tickets may be
extended for return passage un
til June 6, 1904.
TO CARTHAGE, MO.,
AND RETURN.
Annual meeting German Bap
tist Brethren. May 19-27, 1904.
One fare plus fifty (50) cents
for the round trip. Tickets on
sale May 18 to 24 inclusive, good
to return until May 30, 1904.
By deposit of tickets with agent
at Carthage tickets may be made
good to return until June 30,
1904.
TO KNOXVILLE, TENN„
AND RETURN.
Summer School, June 28-Aug.s,
1 904. One fare plus twenty-five
(25) cents for the round trip.
Tickets on sale June 26, 27 and
28, July 5. 6, 11, 12, 18 and 25,
good to return fifteen days from
date of sale. By deposit of tick
ets with agent at Knoxville and
payment of 50 cents final re
turn limit may be extended until
Sept. 30, 1904.
TO ATHENS, GA.,
AND RETURN.
Summer School, July 5-Aug. 6.
1 904. One fare plus twenty-five
(25) cents for the round trip.
Tickets on sale July 2,3. 4, 11
and 18. good to return 15 days
from date of sale. By deposit
of tickets with agent at Athens
and payment of 50 cents return
limit of tickets may be extended
until Sept. 30, 1904.
TO DETROIT. MICH.
AND RETURN.
Baptist Young Feople’s Union
of America, International Con
vention. July 7-10, 1904. One
fare plus 50 cents for the round
trip. Tickets on sale July 5. 6
and 7. Final return limit July
12, 1904. By deposit of tickets
with agent at Detroit and pay
ment of 50 cents leturn limit
may be extended until Aug. 15,
1904.
TO ATLANTIC CITY, N. J.,
AND RETURN.
Imperial Council Ancient Arabic
Order. Nobles of the Mystic
Shrine. July 13-15, 1904. One
fare plus SI.OO for the round
trip. Tickets on sale July 10
and 11, good to return July 23.
1904. By deposit of tickets with
agent at Atlantic City and pay
ment of fee of 50 cents return
limit may be extended until
Aug. 3, 1904.
TO LOUISVILLE. KY„
AND RETURN.
Biennial Conclave Knights of
Pythias, Aug. 16-20, 1904. One
fare plus twenty-five (25) cents
for round trip. Tickets on sale
Aug. 12, 13. 14 and 15, good to
return until Aug. 25. 1904. By
deposit of tickets with agent at
Louisville and payment of 50
cents return limit may be ex
tended until Sept. 15, 19Q4.
TO ST. LOUIS, MO.,
AND RETURN.
World’s Fair, April 30 to Dec.
1, 1904. Special low' round trip
rates will be announced later.
TO SEASHORE RESORTS:
Virgina Beach. Old Point Com
fort, etc. Summer Excursion
rates to be announced later.
TO MOUNTAIN RESORTS:
Lake Toxavay, “Sapphire Coun
try.” Asheville. “Land of the
Sky." Country and Virgina
Mountain resorts. Summer Ex
cursion rates will be announced
later.
The SOUTHERN RAILWAY Is the
best way. Superior passenger accom
modations. Rest coaches.. Most con
venient through sleeping ear service
and the best dining car service in the
world.
For information apply to
E. G. THOMSON, C. P. & T. A., 141
Bull street.
DR. PERKINS’
-American Herbs-
Guaranteed to Cure
Asthma, Lungs, Rheumatism.
Kidney Disorders, Liver Complaint,
Constipation, Sick and Nervous
Headache, Neuralgia, Dyspepsia,
Fever and Ague, Scrofula, Female
Complaints, Nervous Affections,
Erysipelas, Catarrh, and all dis
eases arising from Impure blood.
Mall orders sl.lO. Office, No. 15
Congress street, west.
PROF. R. L. GENTRY.
Savannah, Ga.
Mutual Grain and Supply Company
CORN, OATS. HAY AND BRAN,
Correspondence solicited.
(small Profits end (Juick Returns
IS2O River Street, West,
B ell ’Phone 1330 Qa. ’Phone *2l!
JOHN C. BUTLER
Sash, Blinds, Doors,
Paints, Oils, Glass,
Lime, Cements, Plaster.
20 Congress Street, West^