Newspaper Page Text
10
SPOTS STILL LOWER
MARKET OPF.TED AT A DECLINE
AND WENT OFF AT MIDDAY.
DROP BROUGHT OUT ORDERS
BO THAT SALES FOR DAY WERE
LARGER THAN FOR SOME TIME.
Receipt* Show Fallings Off Hot Ape
Still La riser Than lor Same Period
I.iiml Seaaon or That of the Pre
vioii* One—Shipment* Now Fomina
in Are Reducing* Interior Stock*—
Little Rnainrah in F. O. B. Because
of Firm Views of Interior.
AT THE CLOSE.
FUTURES.
Liverpool, 4 to 0 point* lower.
New York, 1 point lower to 3 high
er.
New Orleans, unchanged to 3
Uglier.
SPOTS.
Liverpool, 0 point* lower.
New York, 3 point* lower.
New Orleans, l-10c. lower.
Savannah, 1-Sc. lower.
Prices went off in the local spot cot
ton market again yesterday both at the
opening and the close so that at the
close they were % of a cent lower than
at the close on the previous day. The
market opened easy at 'a decline of
1-16 of a cent, and with sales of 100
bales, maintained its tone, but had de
clined another l-16c at 1 o’clock, when
further sales of 485 bales were re
ported, and closed quiet and without
further change. At the close the sales
were 554 bales.
The tone, prices and sales for the day
follow:
I Open- 1 1 Clos-
| lng. o'clock.; ing.
! Easy. | Easy. | Quiet.
Good middling - ? 9% ~ 9 11-161 9 11-16
Middling 9V* 9 7-16: 9 7-16
Low middling .. 9\4 9 1-16; 9 1-16
Sales 100 485 ~| *s*
Total sales yesterday, 1,039.
Time, 1 p. m., day before, 585.
The receipts for the day were com
paratively small though larger than
those of the corresponding day either
fast season or the one before. The
belief is expressed that much of the
cotton that is now coming in is being
drawn from interior stocks, and that
as a consequence these will soon begin
to show the depletion and thus remove
a bear factor in the market.
The f. o. b. market opened quiet at
9% cents basis good middling, and clos
ed steady at the same price. Buyers
bid freely, 9 11-16 c, but interior hold
ers held out for the market quota
tion as the minimum price and as a
result the volume of business was
small.
SPOT COTTON MARKET.
The following were the official spot
quotations at the close of the market
at the Cotton Exchange yesterday.
| 4:00 I Tear
Grades. | P. M. j Ago.
Good middling ] 9~11-16.fl
Middling i 9 7-16 10%
Low middling j 9 1-16;10%
Tone | Quiet. |*
‘Quiet and steady.
Sales yesterday, 1,039.
Exports—
Foreign
Foreign for season 526,88.’>
Last year 366,971
Coastwise 7,579
Coastwise for season 204,271
Last year 136.142
Receipts yesterday 8,879
Last year 8,253
Year before last 7,379
Receipts since Sept. 1 861,115
Receipts same time last year.. 626,996
Stock yesterday 142,784
Stock last year 126,628
Receipts and Stocks at All Ports —
Receipts yesterday 61,317
Same day last year 66.899
Same day year before last 47,099
So far this week 378,697
Last year 451,146
Year before last 319.819
Receipts since Sept. 1, 1904 3,847,982
Last year 3,261.869
Stock at all ports yesterday... 929,806
Stock same day last year 846,496
Receipts Past Week: Upland. Island.
C. of Ga 32.117 498
S., F. and W 11.128 1,350
C. and S 3,568
Southern 5,199 218
8. A. L 10,868 1,012
Savannah river steam
ers 194
Beaufort and other
steamers 55
Carts 39 2
Totals 63,168 3,080
Exports—
Great Britain 16,902
France 4,737 822
Continent 42,269
Coastwise 18,290 2,299
Total 82,198 3,121
DAILY COTTON MARKET.
Port Movement—
Savannah —Easy; middling. 9 7-16 c;
net receipts, 8.879; gross, 8,879; sales,
685; stock, 142,784. Exports—Coastwise,
7,579.
Galveston—Easy; middling, 9 U-16c;
net receipts, 12,520; gross, 12,520; sales,
150; stock. 196.146. Exports—Great
Britain, 5,838; crfastwlse, 6,404.
New Orleans—Easy; middling. 9%e;
net receipts. 18,050; gross. 18,952; sales,
11,400; stock, 356,065. Exports—Coast
wise, 184.
Mobile—Steady; middling. 9%c; net
receipts, 1,967; gross, 1,967; sales. 1,200;
stock. 52.812. Exports—Coastwise, 900.
Charleston—Quiet; middling. 9%c; net
receipts, 2,247; gross, 2,247; stock. 39,-
087. Exports—Coast wise, 939.
Wilmington—Nominal; net receipts,
2,871; gross. 2,871; sales, 24; stock. 12,-
370. Exports—Continent, 12,250; coast
wise. 272.
Norfolk—Net receipts, 6,020; gross, 6,-
020; stock. 23.280.
Baltimore—Nominal: middling, 9.60 c;
net receipts, 394; gross, 3,467; stock.
854. Exports—Great Britain, 8,500;
France. 1,850.
New York—Dull: middling. 10c; net
receipts. 45; gross, 5,787; sales. 700;
stock, 83,337. Exports—Continent, 4,-
181.
Boston—Nominal; middling, 10.05 c;
not receipts, 212; gross, 2,576. Exports
—Great Brittain, 100.
Philadelphia—Quiet; middling, 10.26 c;
net receipts, 78; gross. 75; stock, 6.207.
Exports—Coast wise, 940.
Brunswick—Net receipts, 6,764; gross,
6.754; stock. 16,664. Exports—Coast
wise, 940.
Miscellaneous—Nst receipts, 884;
gross. 864.
Total To-day, at all Ports—Nat re
ceipts. 41*18 Orest Brltsln, 9.4*6,
LUO, suiHlnsijt, 56,451, Stuck,
Hi. 1 1 CO.
COTTON. STOCKS. BONDS. GRAIN
PROVISIONS AND COFFEE.
Direct Private Wire* to AU Markets.
MEMBERS
New Orleans Cotton Exchange.
New Orleans Future Brokers Am o.
New York Cotton Exchange.
New York Coffee Exchange.
Chicago Board of Trade.
Associate Members Liverpool Cotton
Association.
Savannah Cotton Exchange.
J. M. McCORD, Manager,
104 Bay, East. Savannah. Oa.
Consolidated, at all Ports —Net re
ceipts, 380,454: Gnfat Britain, 130,910;
France, 37,894; continent, 127,164.
Total Since Sept. 1. at all Ports—Net
receipts, 3,847,982; Great Britain. 1.288,-
703; France, 303,721; continent, 949,531;
Japan, 21,041; Mexico, 8,401.
Interior Movement—
Houston—Steady; middling. 9 9-16 c;
net receipts. 13,339; gross, 13,339; ship
ments, 11,402; sales, 3,258; stock, 93,-
281.
Augusta—Steady; middling, 9 11-16 c;
net receipts, 1,873; gross, 1,893; ship
ments, 1,087; sales, 1,551; stock, 83,886.
Memphis—Quiet; middling, 9 9-16 c;
net receipts, 5,634; gross, 10,762; ship
ments, 7,128; sales, 2,350; stock, 115,-
005.
St. Louis—Quiet; middling, 9 11-16 c;
net receipts, 200; gross, 3,263; shipments,
4,105; sales, 30; stock, 18,207.
Cincinnati—Net receipts, 324; gross,
324; shipments, 169; stock, 2,264.
Louisville—Firm; middling. 9%c; net
receipts, 565; gross, 565; shipments, 31;
stock, 100.
Total To-day—Net receipts, 21,935;
gross, 30,176; shipments, 23,922; sales, 7,-
189; stock, 312,743.
Weekly Interior Cotton Towns.—New
York, Nov. 18.—
Albany—Receipts, 761; shipments,
218; stock, 6,114.
Athens—Receipts, 5,718; shipments,
2,407; stock. 36,134.
Atlanta—Steady; middling, 9%; re
ceipts, 13,312; shipments, 3,739; stock,
14,651.
Brenham—Receipts, 907; shipments,
539; 5t0ck,3,433.
Charlotte —Quiet; middling, 9%; re
ceipts, 1,082; shipments, 1,082.
Columbia—Receipts, 1,369; shipments,
1,369.
Columbus, Ga.—Steady; middling,
9%; receipts, 2,191; shipments, 2,565;
sales, 256; stock, 16,403.
Columbus, Miss.—Quiet; middling,
9%; receipts, 3,342; shipments, 2,488;
sales, 2,488; stock, 7,630.
Dallas—Receipts, 4,994; shipments, 5,-
660; stock. 5,628.
Eufaula—Receipts, 656; shipments,
378; stock, 5,867.
Greenville Receipts, 4,456; ship
ments, 3,233; stock, 14,739.
Greenwood, S. C.—Receipts, 952; ship
ments, 413; sales, 539; stock, 3,995.
Helena—Receipts, 5,268; shipments,
4,300; stock, 18,735.
Little Rock—Quiet; middling, 9%: re
ceipts, 13,505; shipments, 7,279; stock,
29.578.
Macon—Receipts, 3,090; shipments,
2,050; stock, 13.821.
Meridian —Receipts, 6,539; shipments,
3,947; stock, 18,549.
Montgomery Quiet; middling,
9 5-16; receipts, 7,405; shipments, 5,-
799; sales, 5,799; stock, 35,732.
Nashville—Quiet; middling, 9%; re
ceipts, 651; shipments, 1,125; sales, 1,-
125; stock, 772.
Natchez —Steady; middling, 9 7-16; re
ceipts, 4,264; shipments, 3,014; sales, 2,-
949; stock. 11.320.
Newberry—Receipts, 746; shipments,
746.
Raleigh—Easy; middling, 9%; re
ceipts, 1,463; shipments, 963; stock, 1,-
600.
Rome—Receipts, 3,799; shipments, 1,-
994: stock. 6,197.
Selma —Receipts, 10,672; shipments,
9,485; stock. 19.286.
Shreveport—Dull; middling, 9 9-16;
receipts, 14,581; shipments, 9,864; sales,
4,902; stock, 32,905.
Vicksburg—Receipts, 6,238; ship
ments, 3,842: stock, 20,578.
Yazoo City—Receipts, 4,879; ship
ments, 2,429; stock, 18,022.
SEA ISLAND COTTON.
The sea island cotton market for
the week closing yesterday was steady
and with a fair demand, with no
change In prices. As the result of
recent rains in the territory in which
sea islands are grown a quantity of
extra choice and lower grades are be
ing received. The week closed with
considerable demand for these off cot
tons.
Prices follow;
Fancy Floridas 21 ®22
Extra choice Floridas 19%®20
Fancy Georgias 19%@20
Extra choice Georgias 18%®19%
Choice Georgias 17%@18
Extra fine Ga.’s and Fla.'s ..Nominal.
Common Ga.'s and Ffa.'s ...Nominal.
Receipts, net 3,268 2)503
Receipts, gross 3,080 2.803
Sales 3,154 3.128
Exports 3,121 4,805
Stocks 7.940 7,139
Receipts season, gross ....25,867 19,980
Receipts season, net 24,147 19,418
Shipments;
To Havre direct 822 1,473
Liverpoor via New York .. 463 50
Liverpool via Boston 150
Manchester via New York 218
Manchester via Boston .... 50
Domestic via New York ... 1,205 548
Domestic via Boston 138
Inland to Columbus 75
Liverpool direct 50
Manchester direct 2,384
Bremen ........ 300
Charleston, S, C„ Nov. 18.—Sea Is
land cotton: Receipts, 607 bags; ex
ports to continent, 20; exports, coast
wise, 348; exports to Savannah by rail,
175; stock, 1.985 bags.
Sales. 663 bags. Market firm, good
demand; fully fine, 27c; extra fine, 28c.
NEW YORK MARKET
HELPED BY SOUTH.
New York. Nov. 18.—The cotton
market opened with further Improve
ment in point of activity and ruled
pretty steady, with Anal prices show
ing slight changes from the closing
quotations of the previous day. The
opening was steady at unchanged
prices to a decline of 3 points.
Immediately following the call the
decline was Increased slightly, but
while there Was further talk of an
easier spot situation local snot men
received advices from Atlantic Coast
sections, stating that the decltnes of
yesterday were attracting a more ac
tive demand, and that Interior holders
were unwilling to sell at the lower
level. This seemed to encourage the
bulls to some extent, and there was a
very fair demand. By midday prices
had rallied to about the closing level
of yesterday, but shortly afterwards
broke again on continued hedge selling
by spot interests, while New Orleans
also seemed to be selling. But at
about the previous low uolnt there
DEMERE U HAMMOND, Brohers,
Phones i;os Office No. 24 Bryan street, East.
COTTON, STOCKS, BONDS, GRAIN AND PROVISIONS
Dlrt n lists Wires lo Leading Exchanges. , ,
mawal tuuiLiuruut a urjccuun.
SAVANNAH MORNING NEWS: SATURDAY. NOVEMBER 19. 1904.
was another rally, and the market was
finally steady at a decline of 1 point
to an advance of 3 points.
Sales were reported of 300.000 bales.
The weekly Into-sfght figures proved
heavier than expected, but exports
were again full, and small receipts are
expected for to-morrow.
SPOT COTTON AT NEW YORK.
New York, Nov. 18.—Spot cotton
closed dull, 5 points lower; middling
uplands, 10.00 c; middling gulf, 10.25 c;
sales 700 bales.
Cotton futures at New York, Nov. 18:
Options,. Onen.i High.' Low, Close.
November . 9.52 9.52 9.51 9.57
December .. 9.61 9.66 9.55 9.63
January ... 9.71 9.74 9.64 9.71
February .. 9.76 9.79
March 9.82 9.87 9.76 9.84
April *9.86 9.88
May i 9.94 9.99 9.90 9.96
June *9.90 9.96 9.96 9.97
July 9.98 1 10.01 9.95 10.00
August 9.75 9.77 9.75
September . *9.25 |
•Bid.
Futures opened steady; closed steady.
BEARS HAMMERED ~
NEW ORLEANS MARKET.
New Orleans. Nov. 18.—Cotton fu
tures steady: November, 9.48@9.50c;
December, 9.52@9.53c; January, 9.6o<g>
9.61 c; February, 9.68® 9.70 c; March,
9.77@9.78c; April, 9.84@9.56c; May,
9.90@9.91e.
Spot cotton, active but a shade easi
er; sales. 11,400 bales, including 5,300
to arrive and 100, f. o. b. Quotations,
l-16c lower.
Futures were moderately active with
prices unchanged to 2 points down. In
the earlier hours the bears hammered
the market vigorously, but without any
great effect on prices. About the mid
dle of the session scalping shorts at
tempted to take profits and prices Im
mediately recovered, some months go
ing a few points above last night’s
closing prices. December opened 1
point lower at 9.50 c; sold down to
9.44 c, advanced to 9.54 e, and finally
down to 9.52 c. The market closed
steady and unchanged to net, 3 points
higher.
LIVERPOOL COTTON MARKET.
Liverpool, Nov. 18.—Cotton —Spot
moderate business done; prices 6 points
lower; American middling fair, 5.66d;
good middling, 5.41d; middling. 5.34d;
low middling, 5.22d; good ordinary,
6.08d; ordinary, 4.92d. The sales of the
day were 8,000 bales of which 500 were
for speculation and export 'and In
cluded 7,300 American. Receipts 19,000
bales including 12,000 American. Fu
tures opened and closed easy; Ameri
can middling g. o. c.: November, 5.25d;
November-December, 5.23d; Deeember-
January, 5.23d; January-February,
5.25d; February-March, 5.27d: March*
April, 5.28d; April-M'ay, 5.30d; May-
June, 5.32d; June-July, 5.32d; July-Au
gust, 5.32d.
J. S. BACHE A CO.’S
Dally Cotton Letter to Hayward,
Vick & Cos.
New York, Nov. 18.—Possibly we are
"color blind," but we can’t see how
the crop is going to turn out at any
such figure as the bears claim. There
are too many things turning up to in
dicate an increased yield of around 7
to 10 per cent, to be explained on the
ground of coincidents. To-day a gen
tleman who has investigated conditions
in the northern part of Indian Terri
tory, where there should have been a
good crop, If anywhere, says that gins
there expected an Increase of about 4
per cent. The recent report of the
Missouri. Kansas and Texas Railroad
Indicated an Increased crop of 7.7 per
cent, in Texas. Indian Territory and
Oklahoma, and as It will be recalled
the Journal of Commerce correspond
ents estimated an increased yield of a
little over 7 per cent., while our own
correspondents estimating a little ear
lier in the season, made the maximum
yield 11.150.000 bales.
Liverpool was easier by a shade this
morning, and the market here opened
unchanged to 3 points lower. After in
creasing the decline a little it rallied
to about last night's level, but again
weakened to the previous low point,
after which it ruled Irregular. A bear
ish spot house In the eastern belt says
demand from domestic spinners im
proved at the recent decline, but in
terior holders are not following the
decline In futures. In spite of a satis
factory yield. It looks as though bear
speculation might cause a further
slight decline, but we look for a more
active and higher market In the near
future, and believe more money can be
made buying than selling at present
prices.
DEMBHE & HAMMOND'S
Dally Cotton Letter from New
York.
New York. Nov. 18. —Liverpool's first
prices were about on a parity with our
closing, and even after our market
opened and started downward again,
the additional loss there was confined
to but 1 point. Cables were conflicting,
some reporting an increase In the
bearish sentiment and expectation of
lower prices, others seemed to think
that the decline had proceeded far
enough and spinners would buy freely
at the lower level. Some color was
lent to the latter idea by the increase
in sales at Liverpool to 8,000 bales, al
though at a decline of 6 points. Re
ports from Southern markets are indic
ative of more willingness on the part
of holders to sell, with softer spot
markets as an immediate consequence.
It must be remembered, however, that
futures have discounted a considerable
greater decline in spots than has yet
occurred, and that New York values
are now decidedly below a parity with
Southern tpot markets, even allowing
for to-day's reduced quotations. A
good deal of recent selling has been
for account of longs who have been
either forced out for lack of margin,
or who thought It best to be out of
the market after the recent experience
with the crippled telegraphic system.
These people are not likely to come
back Into the market until after the
bureau shall be out of the way. In
the meantime, bearish sentiment will
cause increased selling for short ac
counts, and possibly pile up a short
Interest, which may later on prove a
source of strength. Liverpool Is due
to come unchanged to 1 point higher
to-morrow.
WARE (t LELAND
Aay Everything DepemU on Holders
In the Mouth.
New York. Nov. 18.—To all but those
who have been short of the cotton mar
ket, we have had a very disappointing
week. After touching the high point
of the reaction, during which Decem
ber cotton sold at 9.96 c. a wave of
liquidation Induced by speculative
short selling followed and prices have
declined to almost to the level of the
last few weeks. The loss of 30 points
has brought out considerable cotton
held for speculative account, and to
this extent attempts to reach a lower
level have been successful. The ob
ject of the efforts to depress prices are
more far-reaching, however, and there
Is nothing In present market to indi
cate that move has been or will be a
successful one. Everything depends on
the attitude of holders in the South.
Reports show that cotton is being
eagerly bought whenever it can be ob
tained, and the Southerner has very
little idea as to the value of the re
mainder of his crop. It is too early
to sav such ideas are mistaken ones,
and will be compelled owing to ex
cessive supply, to accept the prices
that speculators say will dominate in
the near future. The market was very
quiet on Monday and Tuesday, and
showed not only steadiness, but con
siderable strength. Just when the
market looked very much like getting
into new ground on the side of higher
prices, a very formidable set of bear
operators began to put out short cot
ton, and the selling started liquidation
so that the decline of some 30 points
has not been difficult to attain.
WEEKLY COTTON MARKET.
New York, Nov. 18.—Comparative
cotton statement for the week ending
Nov. 18:
Net receipts at all U. S. ports
during week 380,454
Net receipts at all U. S. ports
same week last year 451,146
Total receipts since Sept. 1 3,847,982
Total receipts to same date
last year 3.261,869
Exports for the week 295,923
Exports for same week last
year 328,858
Total exports since Sept. 1 2,571,400
Total exports same date last
year 1 2,210,373
Stock at all U. S. ports 929,806
Stock at all U. S. ports same
time last year 846,496
Stock at all Interior towns 642,066
Stock at all Interior towns
same time last year 416,534
Stock at Liverpool
Stock at Liverpool same time
last year 288,000
Stock of American afloat for
Great Britain
Stock of American afloat for
Great Britain same time last
year 343,000
New York, Nov. 18. —The following
statistics on the movement of cotton
for the week ending, Nov. 18, were
compiled by the New York Cotton Ex
change.
Weekly Movement.
This Last
ye’ar. year.
Port receipts 381,110 447,711
Overland to mills and
Canada 47,102 44,601
Southern mill takings
(estimated) 53,000 53,000
Gain of stock at inter
ior towns 79,418 36,648
Brought into sight for
the week 560,630 581,960
Total Crop Movement.
Port receipts 3,849,936 3,261,381
Overland to mills and
Canada 220,752 157,880
Southern mill takings
(esttrrfated) 466,000 468,000
Stock at interior towns
in excess of Sept. 1.. 542,536 382,103
Brought into sight thus
far for season 5,079,224 4,269,374
Receipts Ports This Season. —The
following table shows the receipts at
all U. S. ports since Sept. 1, 1904, and
for same time last year:
Since Sept. 1— 1904-5. 1903-4.
Galveston 1,222,153 1,140.991
New Orleans 828,076 714,377
Mobile 126,543 625,691
Savannah 858,845 626,996
Charleston 133,141 221,l c 5
Wilmington 200,915 211,681
Norfolk 288,380 2,810
Baltimore 5,435 12,341
New York 4,194 2,763
Boston 5,652 1,878
Philadelphia 1,724
Pensacola 45,876 37,074
Portland, Ore 3,482
Brunswick 70,096 40,324
Newport News 100 50
Port Arthur 21,367 5,065
Sabine Pass 6.611
San Francisco 15,383 3,959
Port Townsend 4.908 4.912
Eagle Pass 550 4,143
Laredo 2,057 4,440
El Paso 1,138 400
Minor points 6,529 .... *, ...
Total 3,846,544 3,262,053
Receipts Ports Past Week.—The fol
lowing table shows receipts at all U. S.
ports for the past week and the cor
responding week last year:
Week Ending Nov. 18—
Galveston 109,028)164,653
New Orleans 113,645)122,169
Mobile 14,449 11,382
Savannah 66,248 56,123
Charleston 8,81 ) 8,441
Wilmington 17.253; 23,739
Norfolk 29,700 22,199
Baltimore 394 928
New York 1,284 1,704
Boston 3,375 955
Philadelphia 313 212
Pensacola 5,325 8,427
Brunswick 8,754 20,467
Port Arthur 5,065
San Francisco 1,400
Port Townsend 3,282
Total ' 378,697 541,146
Stock of cotton at all ports Nov. 18,
1904, and on the same day of the week
last year.
~Ports. 1904-571903-4.
New Orleans 356.065 257.076
Mobile 52,812 39,470
Galveston 196,146 249.136
Savannah 142,784 126,628
Charleston 39,087 1 9,795
Wilmington 12.370 30,147
Norfolk 23.2801 49,646
New York 83.337 ) 90.263
Other ports 23,925] 14,335
~Total 929.806|846.496
WORLD’S VISIBLE SUPPLY.
New Orleans. Nov. 18.—Secretary
Hester's statement of the world’s
visible supply of cotton. Issued to
day, shows the total visible to be
3,658,182, against 3,421,528 last week
and 3.186,963 last year. Of this the
total of American cotton Is 3,129,-
182, against 2,907,528 last week, and
2,698,963 last year; and of all other
kinds, Including Egypt, Brazil. In
dia. etc.. 529,000, against 514,000
last week, and 488,000 last year.
Of the world's visible supply of
cotton there Is now afloat and held
in Great Britain and Continental
Europe 1,769,000, against 1,636,000
last year; In Egypt, 139,000, against
136,000 last year: In India, 184,000,
against 132,000 last year, and In the
United States, 1,566,000, against 1,-
283,000 last year.
AFRICAN COTTON
PUT ON EXHIBITION.
tirowi on Dark Continent From
Seed Sent From Savannah.
A curiosity In the ahnpe of cotton
grown In Africa from soa Island ae<-d
sent from Havannah, waa shown In
thn Cotton Exchange yesterday morn*
In*, and elicited much Interest among
cotton men generally, especially those
Interested In the sea Island business.
The cotton was received from Brem
en by Mr. J. A. Nelson of the Cotton
Trade Journal. The eeed from which
It was grown were given by Mr Joseph
Logan some time ago to Mr. Mrherer,
of the Arm of Hrtnerke A Vogelsang,
gnd by him they, were seat to one ot
SPIRITS NOW STEADY
BUT MARKET CONTINUES TO HOLD
FORMER PRICE OF 50 CENTS.
UNCHANGED IN LATE TRADE
THOUGH DEMAND WAS TOO SM ALL
TO CLEAR UP OFFERINGS.
New York Market Continue* Dull,
Though Price Wn Advanced Yes
terday Over that of Day Before—
Ro*ln Market Opened and Closed
Firm and Unchanged—Advance* on
Some Grade* Paid in Late Travle.
Splrtis of turpentine lost its firm
tone at the close of the market yes*
terday, the change being from firm
which has been maintained with one
exception since the price fell to 50
cents, to steady. The market opened
firm and unchanged and with sales of
174 casks, and closed steady at 50
cents, with additional sales of 60 casks.
In the post market all sales were
made at the closing price, though the
demand was not sufficient to clear up
the offerings. The receipts were 506
casks, and the shipments, 55. The
trade was interested in a rather un
usual change in the New York quota
tions. Day before yesterday this
market was quoted dull at 53%c, while
yesterday the tone remained un
changed while the price had advanced
to 54 cents. The London market was
quoted at 38—4%.
The rosin trade showed a slight im
provement after the close of the offi
cial market. The opening was firm
and at unchanged prices from the
previous day, with sales of 1,214 bar
rels, and the close was firm and un
changed with no further sales. In
the late trading while some sales were
made at quotations along the entire
list others were at an advance of 5
cents on M and above, and 2V4 on D,
C, B, A. Still other lots were sold at
an advance of 5 cents on H and
above and quotations for the remain
der. The receipts were 2,129 barrels,
and the shipments, 2,442. . The New
York market was quoted dull at $3.00.
NAVAL STORES STATEMENT.
The following are the figures and
quotations of the naval stores mar
ket, as posted at the Board of Trade
Spirits. Rosin.
Stock April 1 6,495 44,550
Receipts yesterday 506 2,129
Receipts previously 146,124 430,742
Total 153,125 477,421
Exports yesterday 55 2,442
Exports previously 122,557 414,055
Total 122,612 416,497
Stock yesterday 30,513 60,924
Stock previously 16,790 64,971
Tester- Day Be- Last
day. fore. Year.
Tone Steady. Firm. Firm-
Spirits 50 50 56
Sales ■ 234 580 187
Rosin . Firm. Firm. Steady.
w 7 w 7 5.00 5.00 3.60
W. G. 4.75 4.75 3.35
N 4.50 4.50 3.20
M 4.25 4.25 3.00
K 3.80 3.80 2.90
I 3.30 3.30 2.70
H .... 2.80 2.80 2.45
G 2.72% 2.72% 2.35
F 2.67% 2.67% 2.25
E 2.62% 2.62% 2.15
D 2.60 2.60 2.15
C. B, _A 2.55 2.55 _2. 15
Sales' . L 214 1,819 ~781
WEEKLY NAVAL STORES STATE
MENT.
Spirits.
1904-1903.
Stock April 1.. 6.495 1.241
Receipts past week 3,656 4.435
Receipts previously 142,974 158,437
Total 153,125 164,113
Exports—
Foreign 51,176 74,334
New York 35,817 26,155
Coastwise and interior .. 35,619 46,834
Total 122,612 147,323
Stock 30,513 16.790
Rosins.
1904-1903.
Stock April 1 44,550 145,882
Receipts past week 15,642 14.247
Receipts previously 417,229 396,924
Total 477,421 557,053
Exports—
Foreign ..109,157 192,810
New York 83,596 60,914
Coastwise and interior.. .223,744 238,323
Total 416,497 492,082
Stock 60,924 64,971
IN OTHER MARKETS.
New York, Nov. 18.—Rosin, quiet.
Turpentine, quiet.
Charleston, S. C.. Nov. 18. —Tur-
pentine and rosin, nothing doing.
Wilmington, N. C., Nov. 18.—Turpen
tine, firm; 50c; receipts, 105 casks.
Rosin, firm; $2.50; receipts, 351 bar
rels.
Tar, firm; $1.60; receipts, 82 barrels.
Crude turpentine, firm; $2.30, $3.80
and $3.80: receipts. 135 barrels.
New Orleans. Nov. 18. —Receipts, ros
in 165 barrels; turpentine, 57.
LUMBER MARKET.
Exports of lumper and cross-ties
from Savannah for the season begin
ning July 1, as posted at Board of
Trade;
Lumber. Steam. Sail.
Yesterday 466,399
Week 1,541.456 802.215
Month 5.051,643 3,623,977
Since July 1 30,627,879 29,709,232
Where Shipped—
Foreign 2.191.090 1.509,734
Baltimore 8,070.082 3,413.262
Philadelphia 4,011,539 5,214,118
New York 15,458,937 8,560.971
Boston 542,521 1,167,206
Other ports 253,410 9,843,945
the African points, at which experi
ments In cotton growing are being
made. Mr. Scherer Is now In Bremen,
ands the cotton was received from
that point. It was doubtless sent by
him.
The cotton men who examined the
staple yesterday were of the opinion
that, while the staple wss of a fair
length, It lacked the strength of the
cotton grown In the South, and that
Its quality must prove a disappoint
ment to the several wealthy syndicates
abroad, who are seeking to develop a
cotton growing territory In the Dark
Continent.
Tbs statement wss mode yesterday
HIDES. WAX. FURS. SKINS.
Highest Market Prices Paid.
A. EHRLICH & BR0„ Wholesale Grocers and Liquor Dealers
THE CHASMAR KING SUPPLY CO^T
126-130 Bay Street, West
JOBBERS.
M,^v T n,n l s ’ SANITA RY plumbing goods, wrought
mON pipe, fittings, etc. All sup piles for STEAM. WATER and G
Sole Agents for the celebrated HC'IL KY VALVES. “
Wool, Hides, Wax, Raw Furs and Skins.
Write for Prices.
D. KIRKLAND,
415 TO 421 ST. JU LIAN STREET, WEST.
by one gentleman interested In the sea
Island business, that the only possible
rival to this country in growing sea
island cotton Is Cuba. He said also
that several members of the local trade
had been approached with propositions
looking to the development of the In
dustry In that country, but that no
particular interest is attached to the
plan, as It is unquestioned that the
best cotton is grown In this country,
and that there Is still available as
much land as is needed for any exten
sion of the acreage that may be found
necessary to meet, not only the pres
ent, but the future, demands.
HESTER’S STATEMENT.
Movement of Cotton n Shown by
the Secretary.
New Orleans, Nov. 18.—Secretary
Hester’s weekly cotton statement is
sued to-day shows for the eighteen
days of November a decrease under
last year of 31,000, an increase over the
same period year before last of 233,-
000.
For the seventy-nine days of the sea
son that have elapsed the aggregate
Is ahead of the seventy-nine days fast
year 1,019,000 and ahead of the same
days year before last 774,000.
The amount brought into sight dur
ing the past week has been 556,052 bales
ag*ainst 592,206 for the same seven days
last year, and 471,066 year before last.
The movement since Sept. 1, shows
receipts at all United States ports 3,-
847,982 against 3,144,234 last year. Over
land across the Mississippi, Ohio and
Potom'ac rivers to Northirn mills and
Canada, 223,588 against 153,389 last
year; interior stocks in excess of those
held at the close of the commercial
year 560,837 against 384.346 last year
and 486,332 year before Past; Southern
mill takings, 567,000 against 498,283 last
year, and 521,070 year before last.
The total movement since Sept. 1, is
5,199,407 against 4,180,261 last year.
Foreign exports for the week have
been 307,722 against 285,896 Tast year,
making the total thus far for the sea
son 2,602,637 against 2,155,572 last year.
The total takings of American mills.
North, South and Canada, thus far for
the season have been 1,209,859 agalfist
957,255 last year.
Stocks at the seaboard and the twen
ty-nine leading Southern interior cen
ters have increased during the week
95,372 bales against an Increase during
the corresponding period last season of
193,718.
Including stocks left over ’at ports
and Interior towns from the last crop
and the number of bales brought into
sight thus far from the new crop, the
supply to date is 5,361,374 against 4,347,-
060 for the same period last year.
SAVANNAH’S CURRENT MARKETS
Note —These quotations are revised
daily and are kept as near as possible*
In accord with the prevailing wholesale
prices. Official quotations are not used
when they disagree with the prices
wholesalers ask.
POULTRY—Market, good demand;
springers, 30®40c per pair; three-quar
ters grown, 50@60c; hens, 75@85c.
EGGS—Country, 24c; Tennessee, 26c;
BUTTER—The tone of the market Is
firm. Quotations; Extra Elgin, 60 tubs.
25® 26c; choice Elgins, 23@24c; New
York state, 21c: renovated butter,
60-pound tubs, 22%@23c.
CHEESE—Market, firm: fancy full
cream cheese, 22@25-pound, 12%@12%c;
20 to 35-pound. 12@12%c.
WHITE PEA BEANS—S2.4O bushel.
POTATOES—S2.2S.
ONIONS—In sacks, $2.50.
SPANISH ONIONS—Per crate, $1.50.
CABBAGES—SI.SO crate.
TURNIPS—Per sack. $1.50.
Drenilstnffs. Hay and Grain.
FLOUR—Patent, $6.50; straight,
$6.25; fancy, $0.00; family, $5.60; spring,
wheat, best patent, $7.50.
MEAL—Pearl, per barrel, $3.40; per
sack $1.45; water ground, $1.45; Pearl
grits, per sack, $1.45; Pearl grits, per
barrel. $3.40: city meal. $1.40.
Grain Markets.
QUANTITIES- Jobs Cars.
No. 2 white corn 76 74
Mixed corn **
OATS—
No. 2 mixed • !*
No. 2 white clipped 53 bl
BRAN— „ ..
Pure wheat bran „ ,'“ 8
Mixed bran J-®?
Cracked corn 150
Na Vtlmothy 90 75
No. 2 timothy 80 85
Sugar.
Cut loaf ®
XXXX powdered 6.07
Powdered .. 8 ®‘
Fine granulated
Confectioners’ A
White Extra C
RlCE—Market dull, fancy head, 4%c;
prime. 4@4%c.
Fair
Common *
Fruits and Nuts.
APPLES— S3.OO to $3.50 barrel.
BANANAS —$1.75® 2.00.
qj^^PES— Malaga, $4.50@5.50; Ja
maica orange, $3.25.
FLORIDA ORANGES —$2.75®3.00.
PRUNES—2Os to 30s, sl3; 30s to 40s.
10c 40s to 60s, 8c; 50s to 60s, 7%c; 60s
tn 70s 6%e; 70s to 80s, 6c; 80s to 90s,
5%c; 90s to 100s, 4%c.
PEANUTS— Ample stock, fair de
mand' market firm; fancy hand-picked
Virginias, 7c; N. C. peanuts, 6%c; ex.
Virginias, 6c.
N UTS—Almonds. Terragona, 14%c:
Ivlcas 12%c; walnuU. French, 12%c;
Naples. HHc; pecans, 10c; Brazils,
•tic' filberts. He; assorted nuts, 50-
nound and 25-pound boxes. 12c.
v Dried and Evaporated Fruits.
APPLES Evaporated, T%c; sun
dried. 5%c.
APRICOTS— Evaporated, fancy, 13c;
choice, 10%c.
RAISINS— L. L., 8-crown. $1.85; $.
crown. $2 00 ; 4-crown clusters. $2.76;
loose muscatells, sc; 1-pound seeded,
10%c; Imperial cabinets, $3 per box.
PEACHES-Evaporsted, peeled, l#c;
unpeeled, s\c.
PEARS— Evaporated, lo%e.
CITRON—A. S. drum, 14%e; fancy
Corslcian. In 10-pound boxea, 14 %c.
CURRANTS —Barrels. 7c.
Celfn.
Java . $4 a
Mocha ss%a
Peaberry ..,...,.,.......,..,.,.,,,,.1$ a
Fancy No, 1 #ss o
REPORTS ON TRADE
Have Proven More Favorable From
the Great Industrie*.
New York, Nov. 18.—Bradstreet’s to
morrow will sav;
Reports from the gTeat basic indus
tries are more favorable, and whole
sale and jobbing trade in holiday and
spring goods displays a more confident
tone. Interior buyers appear more
willing to stock up and are meeting
with fair success, despite the fact
that unseasonable weather, activity In
fall farm work and some holding back
by farmers retard retail trade and
collections in the West and North
west.
Cold weather at the East and sea
sonable conditions at the South induce
better reports, as to final distribution
from those sections. Trade generally
is showing gains over corresponding
periods a year ago, and the aggregate
year's business in most lines will make
better comparisons than at one timo
seemed possible.
Money displays remarkable ease,
crop moving necessities are about sat
isfied, and a return flow from the
country is apparently in sight. Gross
railway earnings show a tendency to
increase late gains, and to swell earn
ings for the year to totals above those
of 1903. The coal trade is improving,
iron and steel are active and buoyant
in price, and cotton textiles, long hes
itant, display more life.
Business failures for the week num
ber 190, against 234 In the like week
a year ago.
Print Cloth Market.
Fall River, Mass., Nov. 18.—Sales In
the print cloth market for the week
are estimated at 50,000 pieces.
There has been practically no new
feature presented in the market dur
ing the week. Manufacturers are still
holding out for better prices, endeav
oring to create an upward tendency,
but as there is only a moderate de
mand and an apparent lack of interest
on the part of the buyers, new figures
for gray goods for the present are out
of the question.
A New Train to Washington and
Now Y'ork.
Southern Railway announces rein
auguration of its palatial noon train
out of Savannah for the East, leaving
1 p.m.,Central time, daily. This, a solid
vestibuled train,with most modern day
coaches, Pullman drawing room sleep
ing cars of latest design, and the fa
mous unequaled dining cars of the
Southern Railway. Any desired infor
mation given or Pullman reservations
made bv city ticket office, 141 Bull
street; 'phones 850. —ad.
Fancy No. 1 12%c
Choice No. 2 12 c
Prime No. 2 11 c
Fair No. 5 10%c
Ordinary No. 6 9%c
Common No. 7 9 c
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
Scicks 54c.
HlDES—Market, firm; dry flint,
17c; dry salted, 15c; green salted, 9%c;
green, 7%c.
WOOL—Firm; white prime, 25c;
prime Georgia, free of sand burrs and
black wool, at 23c; burry, 12@16c; wax,
28c; tallow, 4%c; deer skin, 22c; goat
skins, 25c each.
Hardware and Building Supplies.
LIME, CALCIUM PLASTER AND
Cement—Alabama and Georgia lime In
fair demand and sell at So®Bsc a bar
rel; special Calcined plaster, $1.50@1.60
per barrel; hair, 4@sc; cement, sl.lo®
I. carload lots, special. Portland ce
ment, retail, $2.00®2.25; carload lots,
special.
LUMBER Railroad ties, 27@29c;
hewn ties (7x9x8%), 38@40c; hewn
ties (6xß), 26x28c; switch ties, $10.50®
11. easy yard stock, $11.00@12.00;
car sills. $13.00@15.00; ship stock, SIB.OO.
Oils.
Perfection Signal Oil 42 c
Pratt’s Astral 16 c
Aladdin Security 15 c
Water White 15 c
Standard White 14%c
D. S. Gasoline 16 c
D. S. Gasoline In drums 14%c
86 degree gasoline In drums 19%c
Linseed oil, raw, 1 barrel lots ....45 c
Boiled linseed, 1 barrel lots 47 o
Five barrel lots special.
SHOT—Drop. $1.65; B. B. and large,
$1.90; chilled. $1.90.
IRON —Market firm; refined, $1.90;
Swere. 4c.
NAILS—Cut, $2.20 base; wire, $2.05
base.
BARBED WIRE 52.85 per 100
pounds
GUNPOWDER Per keg, Austin
crack short. $4.50 keg; half keg, $2.50.
quarter keg. $1.40; champion ducking,
quarter keg, $?.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% pound,
7%@%c; sea Island bagging, 9%@9%c.
TlES—Standard 45-inch arrow, 94c
®sl.oo.
COTTON PICKING SHEETS—22®
26c each.
TWINE—Per pound, or hank, 14®
loc.
HAMS—Sugar cured, 12%®14c; pic
nics, B%®9c.
D. S. butts 6%
D. 8. plates 7%
Western heavy bellies S%
Eastern light bellies 9%
Eastern medium bellies 9
Eastern heavy bellies 8%
D. S. C. R. sides 8%
Smoked C. R. sides 9%
LARD—Pure, In tierces. B%c; 50-
pound tins and 80-pound tubs, B%c;
compound, In tierces, 6%e; 50-pound
tins and 80-pound tubs. 6%®6%c.
MDcellmieoaa.
FlSH—Mackerel, halfbarrels. No.
I, $10; No 2. $8.50; No. 8, $8; kits. No,
1. $1.40: No. 2, $1.30; No. $, $1.10; cod
fish, 1-pound bricks, 6c; 2-pond bricks.
6%c; smoked herrings, per box, 19®20c;
Dutch herrings. In kegs, $1.10; new
mullets, half barrels, $4.
SYRUP —Market quiet; Oeorgla and
Florida syrup, buying at 22®2$c; sell
ing at 25® 27%c; sugar house, at 14H9
lie.
WAX —2lr I
HIGH wiNES—Basis. 11 2$
HONEY—DuII; strained, la boml*.
4tc gallon.