Newspaper Page Text
18
NEW CROP A FACTOR
ANTICIPATED MOVEMENT SENT
PRICES OF FI TANARUS! RES DOWN.
ONLY GOOD WEATHER NEEDED
TO MtKE roSSIBI.E HEAVY SHIP
MENTS TO MANY PORTS
All Fntnrr* Markets Yesterday
Closed at Decline—Liverpool Also
OH' on Spots Tlioniili .American
Market* Remained I nelianged.
Spot Market at Snrannali Closed
tlaiet With Sales of 44 Rales.
Good Business Reported by K. O.
11. Brokers on Basis of lO .1-S
t ents—Net Receipts 215 Bales.
AT THE CLOSE.
FI TI KES:
Liverpool. 2 to 4 points down.
New H In 7 points down.
New Orleans. 4 to 7 points down.
SPOTS:
Liverpool, li points down.
New York, nnehanfied.
New Orleans, ti ncltn aged.
Snvnnnab. nneliniiuted.
The expected movement of the new
crop has now become a factor in the
cotton market, and it was responsible
yesterday, more than any other fac
tor in causing the prices of the futures
lists to go off at the New York mar
ket. Good weather in the belt now
means that there will he a heavy move
ment of cotton to many ports and that,
as a consequence prices are hardly like
ly to maintain their present level.
Some attention is given to the fact,
however, that the movement of new
cotton was less during the second week
of marketing the new crop than it was
during the first week.
An all-round decline marked the
close of the futures markets yesterday,
Liverpool closing 2 to 4 points down.
New York trom 6 to 7 points, and New
Orleans from 4 to 7 points. Liverpool
also showed a decline of 6 points on
spots, though prices remained un
changed at the chief American mar
kets.
The tone of the local spot market
continues easy. Sales yesterday
amounted to 44 bales. In the f. o. b.
department the official basis was 10%0
on good middling, and quite a satis
factory business was reported by brok
ers on that basis. The net receipts
were 215 bales and the coastwise ex
ports. 144.
SPOT COTTON MARKET.
The following were the official spot
quotations at the close of the market
at the Cotton Exchange yesterday:
f IToO | Year
Grades. | P. M. | Ago.
Good middling 110% 13%
Middling 10% 12%
Low middling 19% 12%
Tone |* ••
*F.asy. *♦ Nominal.
Sales, 44.
Exports—
Coastwise 144
Continent 0
Receipts yesterday 216
Last year 0
Year before last ...; fi4
Receipts since Sept. 1 1.148,143
Receipts same time last year. .1,300,685
Stock yesterday 10.817
Stock last year 3,460
Receipts and Stocks at All Ports—
Receipts yesterday 668
Same day last year 148
Same day year before last .... 1,704
So far this week 668
Last year 148
Year before last 1,704
Receipts since Sept. 1, 1903.. ..7,135,620
Last year 7,702,651
Stock at all ports yesterday .. 77.932
Sunk same day last year .... 201,455
DAILY COTTON MARKET.
Daily Cotton Market —
Galveston—Quiet; middling, 10%c;
net receipts, 105; gross, 105; sales, 72;
stock, 4,609. Exports.—Coastwise, 7.
Norfolk—Net receipts, 50; gross, 50;
stock, 1,375.
Baltimore —Nominal; middling, 11c;
gross receipts, 500; stock, 605. Kxports.
—Continent, 675.
Boston —Quiet; middling. 10.55 c; net
receipts, 11; gross. 111. Exports.—Great
Britain. 100.
Wilmington—Nominal; stock. 94.
Philadelphia—Quiet; middling, 10.60;
ne; receipts, 38; gross, 38; stock, 1,488.
Savannah —Easy; middling, 10%c; net
receipts, 216; gross, 215; sales, 44; stock,
10.817. Exports.—Coastwise. 144.
New Orleans —Dull; middling, 10%c;
net receipts, 149; gross, 149; sales, 50;
stock. 26,063. Exports.—Coastwise, 679.
Mobile—Nominal; middling, 10c;
stock, 258.
•Memphis—Steady: middling. 1014 c;
net receipts, 16; gross, 16; sales, 25;
stock. 11,118.
•Augusta—Quiet; middling, l(l%c; net
receipts, 70; gross, 70; sales, 681; stock,
21,343.
Charleston—Nominal; stock, 486. Ex
ports.—Coastwise, 205.
•Cincinnati—Nominal; net receipts,
133; gross, 133: sales, 250; stock, 3,672.
•Louisville—Firm; middling. 10%c.
•St. Louis—Quiet; middling, 10%c;
net receipts, 51; gross, 312: stock, 8,157.
•Houston—Quiet; middling, 10%c; net
receipts, 730; gross, 730; sales, 305;
stock, 5,742.
New York—Quiet; middling, 10.55 c;
gross receipts. 1,007: sales, 445; stock,
32,137. Exports.—Continent, 265.
Total to-day, at all seaports—Net re
ceipts. 668; Great Britain, 100; conti
nent. 940; stock, 77.932.
Consolidated, at all seaports—Net re
ceipts. 668: Great Britain, 100; conti
nent, 940.
Total since Sept. 1. at all seaports—
Net receipts. 7.135.620; Great Britain,
2,501.220; France, 699,133; continent, 2,-
695,074; Japan, 46.195; Mexico, 27,310.
•Not included in totals.
SKA ISLAM) COTTOK.
Prices follow:
Fancy Florida* 25
Fancy Georgias 22 @23%
Extra choice Georgias 21
Choice Georgias 20
Extra fine Ga.'s and Fla's 18
Fine Ga.’s and Fla.'s 16
Common Ga.’s and Fla.'s 14 @ls
EXPECTED NEW COTTON
SENT MARKET DOWN.
• New York. Aug. 13.—The cotton
market opened steady, at an advance
of 1 point on September and a de
cline of 1 to 4 points on the other posi
tions In response to cables. At first
there was some bull support and cover
ing. but sentiment seemed to be bear
ish on the generally favorable weather
reports, and later when the Houston
estimate for Monday was posted,
showing expected receipts of 2,000 to
2.500 bales, against 27 last year, offer
ings Increased. with New Orleans
sending selling orders to the local
market. Under this pressure, prices
sold off to a net loss of about 6 to 7
points, after which business became
less active and fluctuations were ir
regular. a little up from the bottom.
SPOT COTVO\ at AP.W YORK.
New York, Aug. IS.—Cotton spot
Hayward, Vick & Cos,,
Cotton, Stocks, Bonds,
Grain, Provisions and Coffee.
Direct Private Wires to All Markets.
MEMBERS
New Orleans Cotton Exchange.
New Orleans Future Brokers Assn.
New York Cotton Exchange.
New York <*nffee Exchange.
Chicago Board of Trade.
Associate Members Liverpool Cotton
Association.
Savannah Cotton Exchange.
J. M. McCORD. Manager,
104 Bay. East. Savannah, Oa.
quiet; middling uplands, 10.55 c; mid
dling gulf, 10.80 c; sales, 445 hales.
Cotton futures at New York. Aug.
13. -
Options. | Open.j High.) Low. Close.
August I 10.03 ; 10.05 I 10.00 19.04
September ..| 9;83 j 9.86 9.79 9.50
October .... 9.68 j 9.68 j 9.61 ! 9.63
November 9.55 j 9.55 , 9 57
December .. 9.61 j 9.63 j 9.58 j 9.60
Janu’ary .... 9.64 9.65 ( 9.61 ■ 9.63
Fehruary .. 9.67 ! | 9.65
Marc h 9*68 i 9.69 ( 9.68 I 9.69
April | j 9.71
May | 9.74 | 9.74 | 9.70 1 9.73
Futures, opened steady; closed,
steady.
LONGS GETTING OUT;
BEARS GOING SHORT.
New Orleans, Aug. 13. —The spot cot
ton market was dull and easy. Fu
tures opened quiet with prices 2 to 5
points lower than yesterday’s closing
figures. Liverpool was lower and dis
appointing, although private cables re
ported that spinners were taking more
cotton and resumption of full time was
expected. Selling in the local market
was free after the opening and fairly
active for the half holiday.
It was evident that some longs were
getting out, and that some few bears
were going short over Sunday, in the
expectation of continued favorable
weather. The general opinion is that
a few days of good weather will make
up for a great deal of the damage that
the rains have done.
In the trading September lost 2 points
in the opening at 9.68 c, and iinally sold
down to 9.63 c. The market closed
steady. Net losses, August 4 points,
and the other positions 6 to 7.
Futures quiet and steady: August,
10.18 c bid; September. 9.63@9.64c; Oc
tober, 9.43(?T9.44c; November, 9.42 c; De
cember, 9.41@9.42c; January, 9.46@
9.47 c; February, ; March, 9.56 c,
bid.
LIVERPOOL COTTON MARKET.
Liverpool, Aug. 13.—Spot cotton in
limited demand; prices 6 points lower;
American middling fair, 6.32d; good
middling, 6.18d; middling, 6.06d; low
middling, 5.90d; good middling, 5.68d;
ordinary, 5.44d. The sales of the day
were 3,000 bales, of which 300 were for
speculation and export, and included
2,600, American; receipts, 400, all Amer
ican.
Futures opened quiet and closed dull;
American middling, good ordinary
clause: August, 5.78d; August-Septem
ber, 5.59d; September-October, 5.35d;
October-November, 5.26d; November-
December, 5.23d; December-January,
5.21d; January-February, 5.20d; Feb
ruary-March, 5.20d; March-April,
6.20d.
DEMERE Jt HAMMOND’S
Dally Colton Letter From New
York.
New York, Aug. 13. —A week of uni
versal rains, excessive In some places,
has given rise to a feeling of uncertain
ty over the realization of previous
brilliant crop prospects. From Texas
particularly come complaints of se
rious damage, not only from the boll
weevil, but also from the boll worm,
whose ravages are said ito cover all
the central and northern portions of
that state. Before the advent of the
weevil it was an axiom in Texas
that “plenty of rain makes plenty of
cotton,” but It now seems that show
ers at this season of the year in the
infested districts increase the activity
of the weevil, and are said, in many
places, to be destroying forms and
young bolls as fast as they appear,
putting an end to all further produc
tion by the plants attacked. The dam
age from this source may or may not
be serious, depending largely on the
duration of present showery weather,
but complaints are so persistent and
so definite from many sources that
they command attention and warn us
against being over sanguine at this
early date. It will be remembered that
the shortage in Texas really caused
the short crop of the past season. The
new crop has hardly begun to move
yet. and receipts for this, the second
week in August, are actually less than
for the tlrst week, something never
known before in the history of cotton.
Should it turn out that more has been
sold than can possibly be picked, a
squeeze In spot cotton may result
throughout the South in the last days
of August. This, of course, would
only be temporary, hut might serve
as an object lesson to those who have
been selling so freely for early Sep
tember shipments, and might prevent
exporters from holding off when re
ceipts begin to move freely.
HAYWARD. VICK Jt CO.’S
Dally Cotton Letter From New
York.
New York. Aug. 13.—The bulls evi
dently started out to support the mar
ket this morning, thinking that the
room was short by balance, and
would be forced to cover at a loss for
over Sunday. But they were soon dis
couraged. for Houston receipts, as es
timated for Monday were too heavy for
their liking and attracted pretty fair
selling from the South, so that prices
after opening steady broke to a net loss
of about 7 points. Later there was a
slight rally as room shorts took profits
instead of losses, but the market had
an easy undertone, and It was evident
that general sentiment had confidence
in the bear side of the proposition. Of
course receipts of from 2.000 to 2,500
bales at Houston are not large enough
to have anything hut a sentimental ef
fect and from present indications we
hardly expect the movement to be
lyavy enough to become an actual fac
tor In the market for a couple of weeks
to come. We do not think the bull
clique has marketed all its holdings
by any means, but we do believe that
the weaker short Interest has been
eliminated and that the market is in a
position more favorable to expectations
of a moderate decline.
WARE A I.EI.AXD.
B*y Receipt* Have Became a Fac
tor In Market.
New York, Aug. 13.—The new cotton
! year has begun. Houston receipts for
Monday were estimated at from 2.000
jto 2,500 bales, against 27 bales last
DEMERE U HAMMOND, Brokers
Phones 1505. Office No. 24 Bryan street, East.
COTTON, STOCKS, BONDS, GRAIN AND PROVISIONS
Direct Private Wires to leading Exchanges.
LOCAL BE4JCIU TILS A SPECIALTY.
SAVANNAH MORNING NEWS: SUNDAY. AUGUST 14. 1904.
y**ai\ This th# 1 new crop is
moving: in force now and we will soon
have a volume of receipts that will be
as important a factor as the question
of weather. The market broke 2 to
3 points on the big receipts for this
time of year arid then but
for the first time this season the trade
had something to talk about. Kach
day now we will talk of Houston re
ceipts. As far as weather went there
were two sides to the question. Rains
were again reported in some sections,
and more predicted, But, none the
less, the weather map appeared to he
! a, clearing one as far as the areas
! of low and high pressure goes, and the
weather man sticks to his belief that
th f * outcome will show clearing con
ditions. if this prove to he the case
with good weather and large receipts
! it will he hard to hold the market.
On any decline short cotton can he
covered. Tuesday’s report, will he
rather bad, doubtless, and the market
may turn tip again.
LOCAL FINANCIAL MARKET.
The following are the Savannah Cot
ton Exchange quotations:
DOMESTIC EXCHANGE—Buying at
50c discount, selling up to $25, 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 prem
ium.
FOREIGN EXCHANGE Market
steady. Commercial demand sterling,
$4.88%; sixty days. $4.85%: ninety days,
$4.84%: francs, steady. $5.16%; sixty
days, $5.18%; marks. 95%; sixty days,
94 13-16; ninety days, 94%c.
Bunk Stoek*.
Bid. Asked.
Chatham Bank 80
Citizens Bank 153 ...
Commercial Bank 108
Chatham R. E. and I. C 0... 52% 53%
Germania Bank 148% ...
Southern Bank 172% 175
Merchants’ National 8ank..103% 104%
The National Bank of 5av...170
Oglethorpe Sav. and Trust.. 125
People's Savings and Loan..loo 103
Savannah Bank and Trust.. 128 131
Savannah Trust 97 98%
Roilroad and Indnstrials.
Bid. Asked.
Augusta and Savannah 113 114
Atlanta and West Point ....153
do 6 per cent, certif 106 108
Central Ice 80 90
Chat, and Gulf stocks 109 110
Georgia Telephone and Tel
graph 85 86
Georgia Brewery 92% IOC
Macon Ry. and L. pref 76 80
do common 15 20
Georgia Railroad, com 251
Planters’ Rice Mill 92% 95
Propeller Towboat, ex-div. .. 90 95
Savannah Elec, preferred .. 85 87%
Savannah Elec, common .... 14 15
Savannah Hotel Company ..62 65
Southwestern, ex-div 113% ...
Southern Railway pref 90 91
do do common 25% 26
Savannah Brewing 104 106
Savannah Cotton Exchange.. 65 70
Honda.
Chat, and Gulf R. R. 5 per
cent Ist mortgage 102% 103%
C. of Ga. con. os, 1945, M.
and N 110% 111%
C. of Ga. Ist incomes 83 83%
do do 2nd incomes 45 45%
do do 3d incomes 30 30%
C. of Ga. (M. G. and A.
Div.) 5s 106 10S
G. S. and F. 5s 113 113%
Georgia State 3%5, 1930 108 110
do do 3%5, 1915, M. and N..104% 105%
do do 4%5, 1915 112% 113%
Macon Ry. and L. bonds 89 90
Jacksonville Electric 5s 95 97
Oce’an Steamship ss, 1926 ..107 108
Savannah City ss. 1913 ....108% 109%
Ex-Savannah city ss, 1909 ..103% 104%
S. A. L. common 9% 10
do do preferred 17% 18
Savannah Elec. Cos. 5s .... 92 94
Eatonton 106 108
GENERAL MARKETS.
New York, Aug. 13.—Flour firm, but
very dull; winter patents, $4.90@5.35;
Minnesota patent, $5.50@5.90.
Rye flour firm; faiu to good, $4.15@
4.40.
Corn meal steady; yellow Western,
$1.10@1.12.
Rye nominal.
Barley steady; feeding, 45c.
Wheat—Spot firm; No. 2 red nom
inal. Options opened lower on account
of easy cables, good weather in spring
wheat states, and foreign selling. The
decline, however, attacted fresh bull
support and full recoveries followed
the close showing %@)l%c net advance;
May, $1.05%; September, $1.05%; De
cember, $1.04%.
Corn—Spot easy; No. 2, 58%c. Option
market was neglected and featureless
at the forenoon, closed %c net lower;
September, 57%c; December, 56%c.
Oats—Spot dull; mixed oats, 26 to 32
pounds, 40(3 41c.
Beef steady; family, $10,500)11.00.
Cut meats quiet; pickled bellies, 9(g)
10c; pickled shoulders, 7c; pickled
hams, slo%@ll%c.
Lard steady; Western steamed, $7.20;
refined quiet; continent, $7.25; com
pound, 5%@6%.
Pork easy; family, $11.00; short
clear. $13.50015.50; mess, $13.50@14.00.
Tallow dull; city $2; per package,
4%c; country, packages free, 4%@4%c.
Rice quiet; domestic fair to extra,
3%@5%c; Japan, nominal.
Butter quiet and firm; unchanged.
Cheese quiet, but firmly held.
Eggs quiet and steady; unchanged.
Molasses steady; New Orleans open
ed kettle good to choice, 31@37c.
Sugar—Raw, strong; fair refining
311-16 e; centrifugal. 96 test, 3%c; mo
lasses sugar, 39-16 e; refined firm.
Coffee—Spot Rio firm; No. 7 invoice,
B%c; mild firm; Cordova. 9%013c.
The market for coffee futures opened
steady at an advance of 10 points and
closed steady at an advance of 10020
points. Sales, 79,000 bags.
Potatoes, steady; Long Island, $1.50
@1.75; Jersey and Southern, $1.2501.50;
Southern sweets, $2.00@2.75.
Peanuts, steady; fancy handpicked,
6%c; other domestic, 306%c.
Cabbages, steady; Long Island and
Jersey, per 100, 60cg51.50; per barrel,
50® 70c.
Cotton by steam to Liverpool, 120
20c.
CHICAGO MARKET.
Chicago, Aug. 13.—Weakness Induced
by continued marketing of long wheat,
which wary traders feared to Carry
over Sunday, was 41ie latest phase of
a nervous market to-day. The price
of September fell in consequence 2%c
from the highest point of the day,
closing %@%c under yesterday's final
figures. Corn is down %0%0. Oats
finished %c off. Provisions are un
changed to 10c higher.
The leading futures ranged as fol
lows
Opening. Highest. Lowest- Closing
Wheat No. 2
Sept (o) $1 02 1 03% $1 0076 $1 0276
Sept (n) 1 00% 1 02% 100 1 00%
Dec 99% 1 01% 99 9976
May.,.. 101% 103% 100% 10176
Corn No. 2.
Aug .... R%
Sept ....63% 53% 53 53%
Dec 50% 51% 50% 61%
Oats No. 2.
Sept ....3376 34% 33% 33%
Dec 347s 35% 341% 34%
May .....36% 37% 36% 36%
SPIRITS MOVED UP
OPENED FIRM AND CLOSED FIRM
AND UNCHANGED
DAY’S RECEIPTS WERE SOLD
AT CLOSING OVOTATIONS IN THE
POST MARKET TRADING.
Rosin* Opened Firm nnd Unehansred
From Close of Previoo, Day.
Sale* Reported 1,561i Barrel*—Clos
ed Firm and ITielianged AVltliont
Additional Sales—Part of Receipts
Sold In Late Afternoon at Quo
tation*. But Not All Offerings
Cleuned Up—Exports XVere In Ex
ees* of Receipts.
Spirits opened yesterday firm and
at an advance of % of a cent over the
close of the day before. The sales
were 231 casks, and the close was firm
at the advance, without additional
sales. In the trading after the mar
ket's close offerings generally were
taken at the quotation and all re
ceipts appeared to have been taken
care of, though a part of them
were applied by factors on contracts.
The receipts ■were 949 casks, and the
exports 536 casks. The New York mar
ket was quoted quiet at 56% cents.
London showed an improvement, being
quoted at 41%.
Rosins opened firm and unchanged
from the close of the previous day,
for though sales had been made at
an advance in the post market trad
ing they were not large enough to
change quotations. Sales reported at
the opening amounted to 1,860 barrels.
The close was firm and unchanged,
as to prices, and without further sales.
In the post market business such part
of the receipts as were sold went at
quotations, but it is' understood that
not all of the receipts were disposed
of. The receipts of the day were 3,607
barrels, and the exports 3,777 barrels.
New York quoted supplies dull at 260.
NAVAL STORES STATEMENT.
The following are the figures and
quotations of the naval stores market,
as posted at the Board of Ti*ade yes
terday;
Spirits. Rosin.
Stock April 1 6,495 44,550
Receipts yesterday 949 3,607
Receipts previously 95,000 252,358
Total 102,444 300,515
Exports yesterday 536 3,777
Exports previously 75,104 232,877
Total 75,640 236,654
Stock yesterday 26,804 63,861
Stock last year 14,881 53,664
Yester- | Day Be-| Last
day. | fore. | Year.
Spirits ....I 53%j 53%| 51%
Spirits ...| Firm. | Firm. Firm.
SalesT | 231 J 138 “ _ 594 ~
Rosin Firm. | Firm. Firm.
W. W. ... 4.60 j L6O 3.50
W. G 4.35 4.35 3.30
N 4.00| 4.00 3.15
M 3.851 3.85 3.05
1C 3.55 3.55 2.95
I 3.30| 3.30 2.80
H 2.70 2.70 2.30
G 2.50 2.50 1.85
F 2.45 2.45 1.75
E 2.40 2.40 1.70
D 2.35 2.35 1.70
C, B, A... 2.30| 2.30] 1.70
Sales 1,860| 2,257| 475
IN OTHER MARKETS.
Charleston, S. C., Aug. 13.—Turpen
tine, firm, 53c; sales, none.
Rosin, firm; sales, none. A, B, C,
$2.20; D, $2.2' E, $2.25; F, $2.35; G,
$2.40; H, $2.60; I, $3.10; K, $3.55; M.
$3.65; N, $3.80; W. G.. 4.05; W. W„
$4.40.
Wilmington, N. C„ Aug. 12.—Tur
pentine, firm, 52%c bid; receipts, 33.
Rosin, firm, $2.25 bid; receipts, 189.
Tar, firm, $1.70; receipts. 16.
Crude turpentine, firm, $2.25, $3.75,
$4.00; receipts, 188.
New York, Aug. 13.—Rosin quiet;
strained common to good, $2.60.
Turpentine steady at 56%@56%c.
New Orleans, Aug. 13.—Receipts,
turpentine, 24 barrels; rosin, 17.
LUMBER MARKET.
Exports of lumber and cross-ties
from Savannah for the season begin
ning July 1, as posted at Board of
Trade:
Lumber. Steam. Sail.
Yesterday 43,205
Week 864,159 2,325,479
Month 2,191,031 2,681,429
Since July 1 10,937,712 11,002,506
Where Shipped—
Foreign 2,125,701 527,346
Baltimore 1,924,027 1,843,425
Philadelphia 1,220,420 1,987,949
New York 5,285,119 2,581,747
Boston 129,035 959,078
Other ports 253,410 3,103,161
Mess Pork, per barrel—
Sept ...sll 67% sll 65 sll 57% sll 60
Oct .... 11 65 11 75 11 65 11 70
Lard, per 100 pounds—
Sept ... 680 680 6 77% 6 77%
Oct .... 6 85 6 90 685 6 87%
Short Ribs, per 100 pounds—
Sept ... 745 7 47% 7 42% 745
Oct .... 7 42% 745 7 42% 745
Cash quotations were as fellows:
Flour firm; winter patents, $4.70(0)4.90;
straights, $4.4004.60; spring patents,
$4.7005.20; straights, $4.1004.70; bakers,
$3.00(g3.70; No. 2 spring wheat. $1,050
1.08; No. 3, 95c@ $1.05; No. 2 red. $1.01%
@1.03; No. 2 corn, 53%c; No. 2 yellow,
54%c; No. 2 oats, 32c; No. 2 white, 34%
@ssc; No. 3 white. 34%@35c; No. 2 rye,
700 71c; good feeding barley, 40c; fair
to choice malting. s4o@46c, No. 1 flax
seed, $1.17; No. 1 Northwestern, $1.24%;
prime timothy seed. $2.95; mess pork,
per barrel, $11.60011.65; lard, per 100
pounds, $6.7006.72%; short rlbes sides
(loose). $7.37%@7.50; short clear sides
(boxed). SB.OOO 8.25; whisky, basts of
high wines, $1.28; clover, contract
sll 25s
Receipts Wheat, 109,000 bushels;
corn, 178,200 bushels; oats, 485,700 bush
els.
COTTON SEED OIL.
New York, Aug. 13.—Cotton seed oil
was very firm, with offerings very light
and a fair speculative demand. Prime
crude f. o. b. mills. 22023 c; prime sum
mer yellow, 29@29%c; off summer yel
low. nominal; prime white, 32%@33c;
prime winter yellow, 32%@33c.
DRY GOODS.
New York, Aug. 13.—The dry goods
market at first hands remains un
changed. On cotton goods prices ere
still firmly maintained In spite of the
efforts of buyers to secure concessions
for future deliveries. With the Job
bing trade the week has cloaed quiet
ly. but a busy week Is looked for be
ginning Monday. Linens sne firm and
in moderate demand. Dundee burlaps
have been advanced to 6c for 1%-ounce
goods.
DIM.A’G WTTH KOREA Y EMPEROR.
Besides the Dinner There Were
Dances. Guines and Mnsic.
Dr. Hagen in Tour Du Monde.
■When the time fixed for the audience
arrived we entered into a very lofty
room, the carpets of which were by
no means costly. Behind a table sat
the Emperor, with the Brown Prince
and the eunuchs. The Emperor Li-Hsi
thanked us for our visit, and asked
us how our trip was progressing and
whether we intended to remain a long
time in Korea. The Crown Prince ask
ed us exactly the same questions. He
is about 30 years of age; he has an
inert look, a beardless, fleshly face,
and thus he does not give one the im
pression of being healthy and capable
of doing much. He has several wives,
but no children; he himself is the son
of one of Li-Hsi's concubines.
He certainly will not ascend the
throne without a great deal of trouble;
the Japanese already have another
Crown Prince is readiness at Yoko
hama. This latter Prince has joined
the Japanese, and he will be support
ed by them when the proper moment
comes. The Crown Prince joined but
very little in the conversation; even
the simple questions that he asked were
suggested to him by the leader of the
eunuchs. It is scarcely to be supposed
that the Crown Prince will ever think
of shaking himself free from the influ
ence of that powerful and feared caste
whole role in Korea, as in China in
olden times, is noxious. At the end
of the audience, which had lasted
scarcely twenty minutes, the Emperor
took his leave of us in 'a few amia
ble words.
Before the dinner we were offered a
glass of vermouth in the next room.
The dining room was well heated, and
furnished with European furniture; the
table was decked out richly with cut
lery, glass, linen, flowers and fruit; the
cooking was exquisite, and the wines
were many and good. For some years
the imperial household has been man
aged by a lady from Alsace, and she
knows her duty very well. Formerly
the dinner would have cost the Em
peror £2O per guest; now each guest
costs him only about £4. Korean serv
ants, wearing the national garb, wait
ed upon us most attentively and noise
lessly.
It semed amusing to us that the
Emperor remained invisible behind a
curtain during the dinner; still, he kept
himself informed of all that happened
at table, and asked repeatedly what
impression the foreigners were receiv
ing. The Koreans present were fully
acquainted with the manners of the
West, and they did not offend either
the rules of etiquette or those of
“good form.”
After the dinner the room was turn
ed into a concert hail for the enter
tainments that were to be given. In
the outer hall played some thirty mu
sicians. squatting upon the ground,
mandolins, guitars and other stringed
instruments, as also drums and tam
bourines. To foreigners the Korean
music seems to be only ear-splitting,
for it has no rules of melody and is
monotonous At first appeared only
two men, clad in very rich garments,
to represent a lion and a tiger. They
danced aroud to the music, rubbed
together their noses as they uttered
all kinds of weird sounds, and then
they vanished finally.
Thereupon about a dozen remote
dancers appeared in beautiful gold
shimmering colors, and with their hats
and other head coverings decked with
flowers and with sandals and well fit
ting white stockings on their feet. Al
though they were young and pretty,
their faces were much painted. Round
their necks and on their foreheads
they wore pendants, and their dresses
SAVANNAH’S CURRENT MARKETS
The following are the Savannah Cot
ton Exchange quotations:
DOMESTIC EXCHANGE—Buying at
50c discount, selling up to $25, 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 prem
ium.
FOREIGN EXCHANGE Market
barely steady. Commercial demand
sterling, $4.58%; sixty days, $4.85%;
ninety days, $4.84%; francs, barely
steady, $5.16%; sixty days, $5.18%;
marks, 95 7-16 c; sixty days, 94 13-16®
94%c; ninety days, 94%c.
Note —These quotations axe 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, 25@30c per pair; three
quarter grown, 40055 c; hens, (5085 c.
EGGS—Country, 17c; strictly can
died, 18c. , ,
BUTTER —The tone of the market Is
firm. Quotations: Ex* ■-a Elgins, 60
tubs, 22@23c; ohoice Elgins, 20021 c;
New York state, 20c; renovated butter,
19c.
CHEESE—Market, firm: fancy full
cream cheese, 22@25-pound, 11%@12c;
30 to 35-pound. ll%@U%c.
WHITE PEA BEANS—S2.4O bushel.
POTATOES $2.25. . „ „
ONIONS —Egyptian, tn sacks, $3.00.
CABBAGES—SI.SO crate.
Breadstuff*. May and Grain.
FLOUR patent, $5.75; straights,
$5 45" fancy, $6.00@5.25; family, $4.85;
spring wheat, best patent. *6.50
MEAL—Pearl per barrel, $3.65; per
sack $1 50; water ground, $1.45; Pearl
artts' per sack, $1.50: Pearl grits, per
barrel s*-"5; city meal. $1.42%.
Darrei, ♦ Gralu Markets.
on ANTITIES— Jobs. Cars.
N?. 2 white corn 76 74
Mixed corn * 73
w .°Vmßied 63 61
No. 2 white clipped 67 65
Pure' ytheat bran $1 40 $1.35
Cracked corn 155 1.50
No H 1.00 92%
v 0 2 timothy w
RICE— Market dull, fancy head, 4Hc;
prime,
Common 4
Fruit* and Nats.
BAN ANAS —$1.7502.00.
W VTK RMELON S —3(o 6c.
CANTALOUPES—SI.OO@I.2S a crate.
PEACHES —75c@51.00 a carrier.
PLUMS—SI.OO a carrier.
PRUNES— 20s to 30s, 13c; 30s to 40s,
tfte- 40s to 60s, Bc, Bos to 60s, 7%c; 60s
tn 70s 6%c; 70s to 80s, 6c; 80s to 90b,
6%c; 90s to 100s, 4%c.
PEANUTS— Ample stock, fair de
mand. market firm; fancy hand-pick
ed Virginias, 7%c; N. C. peanuts, 6%c;
ex Virglnios. 6%c.
NUTS— Almonds, Terragona, 14 %c;
Ivlcas 12%c; walnuts, French, 12%c;
Naples, 14%c; pecans, 10c; Brazils.
,U C . Alberts, He; assorted nuts, 50-
pound and 25-pound boxes. 12c.
Dried and Evaporated Fruits.
APPLES— Evaporated, 7%c; sundried,
14k Cs
APRICOTS— Evaporated, fancy, 13c;
choice, lo%c.
RAISINS—L. L., 2-Crown, $1.86; 8-
Crown. 12.00; 4-Crown c.uters, *2.75:
loose muscatell*. 8c; 1-pound seeded,
10%c; imperial cabinets, 83 per box.
PEACHES— Evaporated, peeled, 16c;
unpeeled, B%c.
PEARS— Evaporated, Jo%c.
CITRON—A. 8. drum. 14%e; fancy
Corslrlan. tn 10-pound boxes, 14%c.
CURRANTS—BarreIs, 7c.
• assr.
Cut loaf 67
Cubes 6.92
XXX X powdered 5 c*
Powdered
ORDERS, ORDERS!
We have for Wool, Wax, Hides and Furs.
—Ship them in
A rim IIP U 9 DDfl Wholesale Grocers and Liquor Dealers,
i tnnUun (Jj DllUi| 111-113*115 Bay Street, West.
THE CHASMAR-KiNG SUPPLY CO.,
126-130 Bay Street, West.
JOBBERS.
BATH ROOM FIXTURES, SANITARY PLUMBING GOODS, WROUGHT
IRON PIPE, FITTINGS, etc. All supplies for STEAM. WATER and GAS.
Sole Agents for the celebrated HU XL EY VALVES.
The Joy of Living
Is greatly enhanced by the absence of fear of future
adversity, by the fact that you have money in the bank.
Not more than you want, but enough to banish
worry and insure comfort.
This feeling is obtained only when your account
is with us.
The Oglethorpe Savings and Trust Cos,
8-10 Bryan Street, East, Savannah, Ga.
HERMAN MYERS, President. JNO. M. BRYAN, Cashier.
JACOB PAULSEN, Vice President. ALLAN SWEAT. Aect.
were covered with filigree.
Their names were very pretty, for
they tvere taken from flowers and
tiees. These dancers belonged to the
demi-monde to Korea. At first they
entered in pairs, went through va
rious movements, and each crowned
her partner with flowers. Then a large
screen was opened in the room, and
a dancer took her place on either side
of it. Near the top of the screen a
rather large hole had been made,
through which a dancer had to throw
a flower to be caught by her partner
on the other side. There were fixed
rules for this pastime; if the thrower
missed the hole but could pick up the
flower before it touched the ground,
then she could begin again, and go
on until she managed to throw it
through. When she had done that a
flower was stuck in her hair, but she
at once pulled it out to present it to
one of the audience. If the flower falls
to the ground, then the thrower has to
pay a penalty.
This lively game was followed by a
pantomime, which represented a fam
ily squabble between a man, his wife,
and her friend. The evening came to
an end with dancing and singing by
the soldiers of the Ping-Yang Regi
ment. To their bravery in the war be
tween Japan and China, these soldiers
owe the permission to wear Korean
national costume, that is, the national
hat and the broad, white robe instead
of the cap, trousers and shoes that are
worn by European soldiers. In this
regiment certain musical traditions are
kept up, and these traditions give the
soldiers the honor 6f being invited to
great court ceremonies. Eight soldiers
danced to an accompaniment of a
chorus and of tambourines, while
others gave some scenes in burlesque
of rather a free nature. At midnight
we took our leave.
—Cause and Effect.—" What's the
matter with Whimsley? He looks com
pletely broken down.”
“Just back from his vacation.”—De
troit Free Press.
Fine granulated 5.67
I Confectioners' A 5.52
! White Extra C 5.32
Coffee.
Java 24 c
Mocha 23%c
Peaberry ..13 0
Fancy No. i 12 c
Choice No. 2 11 c
Prune No. 2 10 c
Good No. 4 9%c
Fair No. 5 9 r.
Ordinary No. 6 B%c
Common No. 7 8 c
SALT—Car lots, 100 pounds burlap
sacks, 86’; 100-pound cotton sacks, 3Sc,
125-pound burlap sacks, 45c; 125-pouniL
cotton sacks, 47c: 150-pound bunap'
sacks, 54c.
HlDES—Market. firm; dry fl'nt.
14c; dry salted, 12c; green salted, 7%c.
WOOL—Firm; prime Georgia, free
of sand burrs and black w'ool, at 25c;
black, 23c; burry, 12@16c; wax, 27c; tal
low. 3%c; deer skin. 22c.
Hardware and Building Supplies.
LIME. CALCIUM PLASTER AND
Cement—Alabama and Georgia lime
in fair demand and sell at 80@85c a
; barrel; special Calcined plaster, $1.50@
• 1.-30 per barrel; hair, 4@sc; Rosedale
j cement, $1.1501.25; carload lots, spe
j cial. Portland cement, retail, $2.09®
I $2.25: carload lots, special.
1 LUMBER—Railroad ties, I7@‘*9c
hewn ties (7x9xß%}, 38@40c; hewn ties
(6xß) 26028 c; switch tiee, slo.6u@
11.00; easy yard stock, SII,OOO
12.00; car sills, $13.00 @ 15.00; shiD
stock. SIB.OO. p
Oil.
Perfection Signal Oil 4* -
Pratt’s Astral c
Aladdin Security "’is „
Water White ®
Standard White hia-
D. S. Gasoline !!!!l6 c
D. S. Gasoline in drums ”" "14%c
86 degree gasoline tn drums ....!!19% c
Linseed oil raw, 1 bbl lots ... " n
Boiled linseed, 1 bbl. lots .’.'.".’48 c
Five barrel lots special.
SHOT—Drop, $1.65; B. B. and large
$1.90; chilled. $1.90. **’
IRON—Market firm; refined. $l9O
- 4c. ’
NAILS —Cut, $2.20 base; wire i*> 30
base.
BARBED WIRE - $3.00 per 100
pounds.
GUNPOWDER Per keg, Austin
crack short, $4.50 keg; half keg s•> 50-
quarter keg, $1.40; champion ducking
quarter keg $2.25; Austin smokeless!
half kegs, $8.45; quarter. $4.30- three
pounds, $2.10; one pound, 75c; less 20
per cent, on smokeless.
Cotton Bagging and Ties.
BAGGING—Market firm; 1% nann/l
7%@8%c; sea island bagging, 9%a 10 .7’
TlES—Standard 45-inch arrow
lots, $1.0301.10; small lots. $i 15 * *
TWINE—Per pound, or haiik, 14@
HAMS-Sugar cured, 13014 c; picnics
10@10%C. Femes,
D. S. butts
D. S. plates .!!.*." 'l
Western heavy bellies 9
Eastern light bellies ..".*.".""""9%
Eastern medium bellies
Eastern heavy bellies ... 0 i?
D. S. C. R. sides .'.!!!'" 9
Smoked C. R. sides U
LARD—Pure, in tierces, B%'c'-’"'ko
pound tins and 80-pound tubs ‘gu r *
compound, In tierces, 6%e; 60-nound
tins and 80-pound tubs, 6%e. a
Miscellaneous.
FlSH—Mackerel, half-barrels
J. $lO. No. 2. $8.50; No. 3, $8; kits No
1, 11.40; No. 2, $1.30; No.'s, sllO cod!
fish, 1-pound bricks. 6c; 2-pound bricks
t%c; smoked herrings, per box, 190211c ’
Dutch herring*, in kegs, sl.lO new
mullets, half barrels, $4.
SYRUP—Market quiet, Georgia and
Florida eyrup. buying at 22023 c; sell
ing at 25®27%c; sugar house, at 16%®
HIGH WlNES—Basts. $1 28.
HONEY—DuII; strained, tn barrets.
40c gallon.
DEPARTMENT OF
SAVINGS
Southern Bank
of the State of Georgia.
ATTENTION 18 REQUHBTED TO
ADVANTAGES OFFERED TO DE
POSITORS IN THE DEPARTMENT
OF SAVINGS OF THIS BANK.
INTEREST PAID OR COMPOUND
ED QUARTERLY AT THE OPTION
OF DEPOSITOR.
JOHN FLANNERY. Prentdent
HORACE A CRANE, Vice President.
JAMES SULLIVAN. Cashier.
No. 1640. Chartered 1866.
The MERCHANTS NATIONAL BANK
OF SAVANNAH. GA.
UNITED STATES DEPOSITORY.
Capital $500,000
Surplus and undivided profits. 127.000
Total $627,000
Accounts of Banks, Bankers. Cor
porations, Firms and Individuals re
ceived upon favorable terms.
Issues Time Certificates of Deposit
bearing interest.
Correspondence solicited.
J. A. G. CARSON, President.
BEIRNE GORDON, Vice President
W. M. DAVANT. Cashier.
Statement or
Mras Bonn or son
At the Close of Business June 9, 1904.
RESOURCES.
Loans and Discounts $2,666,328 90
Banking House 95,000 00
Branch Banking House. 76,000 00
Stocks and Bonds 179,500 00
Cash and due from
banks 657,906 63
$3,563,735 63
LIABILITIES.
Capital Stock 600,000 00
Surplus and Undivided
Profits 311,564 31
Deposits 2,352,171 22
Due to hanks 400,000 00
$3,563,735 63
MILLS B. LANE* President.
GEORGE C. FREEMAN. Cashier.
GORDON L, GROOVER, Asst. Cashier.
The Germania Bank,
SAVANNAH. GA.
CAPITAL. SURPLUS AND UN
DIVIDED PROFITS. 8500.J0Q.
Transacts a General Banking
Business.
Deposits of one dollar and up
wards received In Savings De
partment. Interest payable or
compounded quarterly.
HENRY BLUN. President.
GEO. W. TIEDEMAN, Vice Preg.
JOHN M. HOGAN. Cashier.
WAI.TER F. HOGAN. Assistant
Cashier.
IDLE MONEY
deposited in the
Savings Department
—OF THE—
Chatham Bank
f * free from speculative dangers
yields an Income ns large ns Is con
sistent with conservative methods of
banking, and is at all times subject to
the control of the depositor.
IjEOPOLI) ADLER, President.
T. M. CTNMNGHAM, .IR.. Vice Pres.
KREP. \V. CLARKE, Cashier.
COURTNEY THORPE. Asst. Cashier.
4%
PAID ON DEPOSITS
—ln tha—
Savings
Department
of th*—
COMMERCIAL BANK
of Savannah.
Stata Depository.