The Savannah morning news. (Savannah, Ga.) 1900-current, April 01, 1904, Page 10, Image 10

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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^