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10
BEARISH BULLETIN
RESPONSIBLE FOR ANOTHER DE
CLINE IN COTTON PRICES.
LOCAL SENTIMENT DIVIDED
AS TO JUST HOW LARGE A CROr
REPORT FORESHADOWS.
Spot Market Opened at Decline nt
1-10 of a Cent and Maintained
That Basis to Close Tlionali Tone
Went to Nominal, Lower to Sell nt
1 O’clock Call—Light Snlea Indi
cate That Buyer* Expect Further
Decline.
AT THE CLOSE.
FUTURES.
Liverpool, 1 to S point* lower.
New York, 8 to lO points lower.
New Orleans, IS to 13 points lower.
SPOTS.
Liverpool, 3 points lower.
New York, lO points lower.
New Orleans, 3-ltic. lower.
Savannah, 1-ltic. Lower.
Another instalment of the Census Bu
reau’s report of cotton ginned was
made public yesterday and to the bear
ish Interpretation given it is due the
decline in all branches of the cotton
trade that followed. Before the close,
however, the futures markets recovered
a little from the low levels of the day.
Local sentiment is divided as to just
what sized crop this report foreshad
ows; it is generally conceded that it
will be a large one, but opinion differs
as to just how large and views range
all the way from 11,250,000 to 12,000,000
and over.
Savannah’s spot market felt the eas
ier tone even at the opening, which was
quiet and easy at a decline of 1-16
of a cent from the close of the (fay
before. No further decline took place,
though at the 1 o’clock call the tone
was nominal, lower to sell, and this
was maintained at the close. The sales
were very light, which interpreted by
the customary developments of the
market would mean that buyers are
not yet satisfied that the urice of
the staple will not go lower.
The tone, prices and sales for the day
follow:
I Open- j 1 | Clos-
[ Jng. [o'clock.; lng.
Good middling .1 9*4 j 9*4 I 9*4
Middling , 9V4 |9% i9%
Low middling ..] 8% |B% ] B*4
Sales |_ 85 |_ 200 | 27~
•Quiet and easy. ’‘Nominal, lower
to sell.
Total sales yesterday, 312.
Time, 1 p. m.. day before, 391.
The f. o. b. market opened and clos
ed quiet at 9*4 cents, basis good mid
dling. Business was reported fair at
this basis.
SPOT COTTON MARKET.
The following were the official spot
quotations at the close of the market
at the Colton Exchange yesterday.
| 4:00 I Year
Grades. 1 P. M. | Ago.
Good middling 1 9*4 511*4
Middling [9% jll
Low middling I B*4 |lO%
Tone |* | Firm.
‘Nominal, tower to sell.
Sales yesterday, 312.
Exports—
Foreign 6,145
Foreign for season 564,940
Last rear 285,521
Coastwise 5,837
Coastwise for season 215,450
Last year 140,135
Receipts yesterday , 9,173
Last year 9,088
Year before last 6,612
Receipts since Sept. 1 906,162
Receipts same time lost year .. 670,297
Slock yesterday 138,697
Stock last year 145,127
Receipts and Stocks at all Ports—
Receipts yesterday 75,285
Same day last year 49,953
Same day year before last 45,875
So far this week 373.413
Last year 375,119
Year before last 302,540
Receipts since Sept. 1, 1904 ....4.222,975
Last year 3,636,988
Stock at all ports yesterday .... 974,767
Stock same day last year 892.291
Sea
Receipts Past Week: Upland. Island.
C. of Ga 23.659 276
S., F. and W 3,812 748
C. and S 2.145
Southern 4,746 161
S. A. L 8,077 1,088
Savannah river steamers.. 293
Beaufort and other steam
ers 17
Carts 22 3
Totals 42,771 2,276
Exports—
Great Britain
France
Continent 37,985 70
Coastwise 9,721 1,427
Interior 6 25
Totals 47,712 1,522
DAILY COTTON MARKET.
Port Movement—
Savannah—Nominal; middling, 9%c,
net receipts, 9,173; gross, 9,173; sales.
391; stock, 138,597. Exports—Continent,
8,145; coastwise, 5,837.
Galveston —Quiet; middling, 9 5-16 c;
net receipts, 13,052; gross, 13,052; sales,
400; stock, 212,683. Exports—Coastwise,
8,830; Mexico, 1,650.
New Orleans—Easy; middling, 9 3-
16c; net receipts. 22,376; groHS, 22,376;
sales, 10,300; stock. 356,476. Exports—
Great Britain, 6,800; coastwise, 3,207.
Mobile —Easy; middling, 916 c; net re
ceipts, 2.364; gross, 2,364; sales, 1,200;
stork. 53,705.
Charleston—Quiet; middling, 9c; net
receipts, 2,274; gross, 2,274; stock, 31,972,
Bxports—Coastwise. 1,044.
Wilmington—Rteaxly; middling, 9Hc;
net receipts, 4,474; gross, 4,474; stock.
23,602. Exports—Continent, 9,482.
Norfolk —Net receipts, 3,840; gross,
3,840; stock, 26.650.
Baltimore—Nominal; middling, 9Hc;
net receipts, 758; gross, 4.128; sales,
1,441. Exports—Great Britain. 4,749.
New York—Quiet: middling. 9.70 c;
•ales, 172; stock. 94,032. Exports—
Great Britain. 3,374; continent. 2,909.
Boston—Holiday.
Philadelphia—Quiet; middling, 9.95 c;
gross receipts, 50; stock, 5,236.
Brunswick—Net receipts, 14.220;
gross. 14,220; stock. 30,401. Exports—
Coastwise, 683.
Newport News—Net receipts. 657;
gross, 667; stock, 252. Exports—Coast
wise, 405.
Miscellaneous—Net receipts, 1.247;
grass, 1,247.
Wilmington—Add 2.192 bales to net
end gross this week.
Total To-day. at All Ports—Net re
ceipts, 76.532 Great Britain. 14,923: con
tinent. 11,516; Mexico, 1,660; stock, 974,-
767
Oensoitdated, at All Ports—Net re-
ill 18 %
COTTON. STOCKS. BONDS. GRAIN
PROVISIONS AND COFFEE.
Direct Private Wires to All Markets.
MEMBERS
New Orleans Cotton Exchange.
New Orleans Future Brokers Ass a.
New York Cotton Exchange.
New York Coffee Exchange.
Chicago Board of Trade.
Associate Members Liverpool Cotton
Association.
Savannah Cotton Exchange.
J. M. McCORD, Manager ,
j 104 Bay. East, Savannah. On.
| ceipts. 374.993; Great Britain, 137,977;
I France. 15,463: continent, 119,650; Ja
i pan, 2,550; Mexico, 2,350.
Total Since Sept, 1, at All Ports —
Net receipts, 4,222,975; Great Britain,
1,426,680; France. 319,184; continent, 1,-
069,184; Japan, 23,591; Mexico, 10,751.
Interior Movement—
Houston—Quiet; middling, 9%c; net
receipts, 6,114; gross, 6,114; shipments,
9,193; sales, 2,647; stock, 96.249.
Augusta—Quiet; middling, 9 3-16 c;
net receipts, 1,799; gross, 1,893; ship
ments, 1,819; sales, 459; stock, 85,099.
Memphis—Quiet; middling, 9*4c; net
receipts, 6,026; gross, 9,603; shipments,
9,690; sales, 2.500; stock, 122,540.
St. Louis —Quiet; middling, 9%c;
sales, 82; stock. 21,636.
Cincinnati—Net receipts. 103; gross,
103; shipments, 1,388; stock, 1,569.
Louisville—Firm; middling, 9*4e; net
receipts, 823; gross, 823; shipments, 16;
stock, 65.
Total To-day—Net receipts, 14,863;
gross, 18,536; shipments, 22,106; sales,
5,688; stock, 327,458.
Wecking Interior Cotton Towns—New
York, Nov. 25;
Albany—Receipts, 832; shipments, 403;
stock, 6,543.
Athens—Receipts, 3,447; shipments,
3,572; stock, 25,917.
Atlanta—Quiet: middling, 9%c; re
ceipts, 4,656; shipments, 3,593; stock, 15,-
714.
Brenham—Receipts, 9SB; shipments,
525; stock, 3,896.
Charlotte—Quiet; middling, 9*4c; re
receipts, 874: shipments, 874.
Columbia—Receipts, 14,000; shipments,
14,000.
Columbus, Ga.—Steady; middling.
9c; receipts, 2,861; shipments, 4,159;
sales, 4.159; stock, 15,105.
Columbus, Miss. —Dull; middling,
B*4c; receipts, 2.577; shipments, 2,800;
sales, 2,800; stock, 7,404.
Dallas—Receipts, 2,725; shipments. 2,-
681; stock, 5,672.
Greenville—Receipts, 3,772; shipments,
3,234: stock, 15.277.
Greenwood, S. C.—Receipts, 894;
shipments, 208; stock. 4,190.
Helena—Receipts, 737; shipments, 4,-
089; stock, 22,024.
Little Rock—Steady; middling, B%e;
receipts, 11,869; shipments, 8,756; stock,
32.691.
Macon—Receipts, 2,403; shipments, 2,-
886; stock, 13,338.
Meridian—Receipts, 6,223; shipments,
4.869; stock, 19,903.
Montgomery—Easy; middling, B%c;
receipts, 7,366; shipments. 7,174; stock,
35,924.
Nashville—Quiet; middling, 9%c; re
ceipts, 1,166; shipments, 856; sales, 856;
stock. 1,082.
Natchez—Steady; middling, 9%c; re
ceipts, 3,747; shipments, 1,088; sales, 2,-
010; stock, 13.979.
Newberry—Receipts, 504; shipments,
604.
Raleigh—Receipts, 690; shipments,
724; stock, 1,566.
Rome—Receipts, 2,742; shipments, 2,-
491; stock, 6,448.
Selma—Receipts, 4,576; shipments, 3,-
635; stock, 20.224.
Shreveport—Easy; middling, 9%e; re
ceipts, 15,916; shipments, 10,992; sales,
1,799; stock, 37,829.
Vicksburg—Receipts, 5,146; shipments,
3,603; stock, 22,119.
SEA ISLAND COTTON.
The sea island cotton market for the
week ending yesterday was quiet and
steady. There appears to be a ten
dency on the part of interior holders
of this staple to ship less freely than
was the case earlier in the season.
Prices follows;
Fancy Floridas 21 @22
Extra choice Florida* 19%@20
Fancy Georgias 20
Extra choice Georgias 19 @19%
Choice Georgias 17%@18
Extra fine Ga.’s and Fla.’s. .Nominal.
Common Ga.'s and Fla.’s ...Nominal.
Receipts, net 2,276 3,120
Receipts, gross 2,276 3,040
Sales 2,413 2,626
Exports 1,522 883
Stocks 8.694 9,376
Receipts season, gross .... 28,143123,100
Receipts season, net 26,423|22,458
Shipments:
To Bremen direct 70 75
Liverpool via New York .. 177
Manchester via Boston .. 100
Domestic via Boston 50 201
Domestic via New York .. 1,135 557
Columbus, Ga 25 ...
Liverpol via Boston ..I ITT 50
Charleston, S. C., Nov. 25.—Sea is
land cotton: Receipts, 493; exports this
week, 497, coastwise; sales this week,
513; stocks, 1,981. Firm, good demand;
fully fine, 27; extra fine, 28.
•
GINNERS’ REPORT
CAUSED BEA.R RAID.
New York, Nov. 25.—The cotton mar
ket showed further activity, the fea
ture being the active liquidation fol
lowing the third Instalment of the
ginners’ report and no less active cov
ering of shorts at the decline; the mar
ket finally showing a moderate net
loss for the dav.
The opening was weak at a decline
of 8011 points In response to lower ca
bles than expected, while nearby longs
were also discouraged by talk of heavy
tenders on December contracts and re
ports that a steamer has been char
tered to carry two full cargoes of cot
ton from New Orleans to New York.
Following the call prices worked down
to a net loss of about 13 points on
continued liquidation and some selling
for short account. Liverpool contin
ued easy after the local opening, with
private cables accounting for the de
cline by Increased crop estimates.
Toward midday prices worked up to
a little over the opening figures. The
third Instalment of the ginners’ re
port, hqwever, proved more bearish
than had been expected and was fol
lowed by a burst of liquidation that
soon had the market doAvn to a net
loss of 14018 points. Big short lines
were covered on the decline and dur
ing the later trading the market ruled
steadier. The close was steady at a
net decline of 8010 points. Sales were
estimated at bales.
• POT COTTON AT 3EW YORK.
New York. Nov. 25. —Spot cotton
quiet, 10 points decline; middling up
lands. 9.70 c; middling gulf. 9.95 c; sales
172 bales.
Cotton futures at New York. Nov
25:
Options. | Open.l_Hjgh ; jJEfw.| Clow.
November | "|~’Tl6 I 9.Ti~! 9.15
December | 9.19 | 9.27 I 9.14 | 9,19
DEMERE £. HAMMOND, Brohers,
Phones 1505 Office No. 24 Bryan street, East.
COTTON, STOCKS, BONDS, GRAIN AND PROVISIONS
Dlreo* I'rliat* Wire* io leading Exchange*
LOCAL aAJIIIU TIES A MI'KCIJULTY.
SAVANNAH MORNING NEWS: SATURDAY. NOVEMBER 26. 1904.
| January ... 9.28 j 9.38 I 9.25 I 9.30
February .. 9.34 b 9.35 I 9.35 ! 9.35
March 9.42 9.50 ! 9.36 , 9.43
I April 9.46 b 9.49
j May 9.56 9.61 | 9.48 j 9.54
I June 9.53 | 9.53 I 9.53 ! 9.54
I July 9.57 ! 9.66 9.53 t 9.59
August 9.37h[ I 1
Futures opened weak; closed steady.
SPOTS AND FUTURES
SHOW BIG DECLINE.
New Orleans. Nov. 25.—Cotton fu
tures easy. November. 9.00 c bid: De
cember. 9.03419.040; January, 9.1349
9.14 c; February. 9.22 c; March, 9.3149
9.32 c; April, 9.35@9.40c; May. 9.45®
9.46 c.
Spot active, but easier, influenced by
Liverpool. New York and the decline
In futures. Sales 10.300 bales, includ
ing 6.500 to arrive, and 300 f. o. b.
Quotations, 3-16 c lower.
Futures opened 12 to 15 points down,
the decline, here being greater than in
any other market. The weakness is
generally attributed to the census bu
reau ginners reports.
While many traders do not attach
much Importance to these reports,
prices continue to move downward.
The market was very active, and the
fluctuations numerous. December
opened 11 points lower than Wednes
day’s closing, at 9.07 c, sold up to 9.12 c
declined to 8.95 c. and fln'ally recovered
to 9.03 c. The closing was fairly steady:
the list showing net losses of 13 to 15
points.
LIVERPOOL COTTON MARKET.
Liverpool, Nov. 25.—Spot cotton mod
erate business done, prices 5 points low
er. American middling, 5.40d; good
middling, 5.18d; middling, 5.08d; low
middling, 4.96d; good ordinary, 4.82d:
ordinary, 4.66d. The sales of the (fay
were 7,000 bales of which 300 were for
speculation and export, and included
6,200 American. Receipts 8,000 bales,
including 7,100 American. Futures
opened quiet and closed steady. Amer
ican middling g. o. e.: November,
5.00d; November-Deeember, 4.98d; De
cember-January, 4.99d; January-Feb
ruary, 5.03d; February-March, 5.05d;
March-April, 5.07d; April-May, 5.09d;
May-June, s.lid: June-July, 5.12d;
July-August, 5.13d.
DEMERE A HAMMOND'S
Dally Cotton Letter from Nev*
York.
New York, Nov. 25.—Liverpool acted
quite decently yesterday during our
holiday, advancing 1 to 2 points and
finally closing only 1 under Wednes
day. This morning, however, further
weakness developed, probably result of
announcement that another instalment
would be issued, and there was a sharp
decline, which at one time carried
prices 6 to 7 points under Wednesday.
Little recovery took place, owing, it is
said, to buying by the big short in
terest in that market; in fact, it is the
general belief that the leading short
interest had been liquidated on the de
cline of the past few days, and it
would not be surprising to find the
same element ready to help market
upward, if for no other reason than
to furnish a higher basis for fresh
sales. The bulletin issued to-day shows
that 8.608,700 bales of 500 pounds had
been ginned in 681 counties up to Nov.
14. Compared with last year that the
increase is 42.4 per cent, and foreshad
ows a total ginned on that date of ap
proximately 9,750,000 bales. The fig
ures themselves are bearish enough,
but the quick rally from decline shows
that the long interest must be pretty
well liquidated, and perhaps also may
be said to be a confirmation of the
general idea that the big shorts are
out and have no interest in hammering
prices further. The Southern spot
markets are being watched very close
ly for signs of weakening on part of
•holders, but our telegrams to-day fail
ed to mention any very heavy offer
ings, while advices of Wednesday show
that spinners are willing buyers at the
present level. Of course, while things
are going their way it is only natural
for them to act slowly, but we be
lieve that the first sign of returning
strength there will be heavy buying
by mills both North and South. Dur
ing the last few minutes a raid was
made on the market, which carried
prices down 5 or 6 points, leaving the
dose about 9 points under Wednesday.
On this basis Liverpool is due to come
2 to 3 lower to-morrow. A late wire
from our Washington office informs us
that the census department will not
issue the next and final condition un
til the 29th or 30th of the month.
WAItE A LKLAKD .
Say Those Who Cnnaed Break Are
Still On Short Side.
New York. Nov. 25.—1n addition to
the 30 points lost on the market last
week, a decline of about 40 more points
has taken place, bringing the level
down to %c from the high level of the
month. With the liberal crop move
ment, absence of general speculation
and a bearish sentiment prevailing in
professional circles where most of the
trading has been done. It has not been
hard to undermine the market, to start
liquidation, keep out long and bring
about freer offerings of actual stuff In
the South. Trading has increased on
the decline, as futures in the New'
York market again reached a level
where contract could be more profit
ably purchased than could spot cot
ton, about 10 points. Many of the
larger Interests have been very ag
gressive on the side of lower prices,
and notwithstanding the extensive de
cline that has taken place, those who
have been Instrumental in bringing
about the break are still on the same
side of the market. They have proved
themselves right thus far, having
based their operations on a crop In
excess of 11,500,000 or 12,000,000 bales.
Those who have felt friendly to the
market under 964 c have been wrong.
This does not mean that the size of
the crop is known or that prices from
the basis of 954 c and 954 c are going
to move on down to 854 c. There is a
general feeling that we have a large
crop. It remains to be seen whether
this large crop is, as conservative peo
ple believe, a bountiful one, but not
in excess of requirements, or whether
It Is another case of overproduction
such as took place in 1897 and 1898.
WEEKLY COTTON MARKET.
New York. Nov. 25.—The following
statistics on the movement of cotton
for the week ending Nov. 25, were com
plied bv the New York Cotton Ex
change.
This Last
Weekly Movement— year. -year.
Port receipts .. 369,880 376,940
Overland to mills and
Canada .. . 44,892 33,219
Southern mill takings
(estimated) 66,000 55,000
Gain of stock at Inte
rior towns 35,308 44,081
Brought Into sight for
the week , 506,080 602,240
Total Crop Movement-
Port receipts 4,219,816 3,638,331
Overland to mills and
Canada .. 266,644 191,099
Rout hern mill takings
(estimated) 621,000 623.000
Stock at interior towns
in excess of Sept. 1.. 577,844 426,184
Brought Into sight
thus far for 5ea50n.5.584,304 4.778.614
Receipts Ports This Season —The fol
lowing table shows the receipts at all
United States ports since Sept. 1, 1904,
and for same time last year:
Since Sept. 1. | 1904. ( .903.
Galveston L320[034i1,291,06*
New Orleans 941.317' 822,881
Mobile 140,054 117,440
Savannah 903,892 663,912
Charleston 138.795, 116.681
Wilmington 221,670 233.097
Norfolk 319.925 236.706
Baltimore 6.188: 2,810
New York 4.850 14,947
Boston 8.699 3,462
Philadelphia 1.8611 2.115
Pensacola 50,315 j 46,682
Portland, Ore 3,482
Brunswick 84,316 40,321
Newport News 757: 146
Port Arthur 41,687 13,265
Sabine Pass 6,611
San Franeisco 17,933 4,483
Port Townsend 4,908 5,556
Fernandina
Eagle Pass 550 4,143
Corpus Christ! j
Lavedo 2,057 4,440
El Paso ! 1,138 4uo
Minor points | 7,463
Total ~T.j4.~ 221,891|3,637,172
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, 25 1904. 1903.
Galveston ’ 977881 150,075
New Orleans 112,241 108,504
Mobile 13,511 8,079
Savannah 45,047 43,221
Charleston 5,654 4,687
Wilmington 20,755 12,912
Norfolk 31,545 25,025
Baltimore 753
New York 656 2,606
Boston 3,047 699
Philadelphia 137 237
Pensacola 4,439 9,608
Brunswick 14,220
Newport News 657 96
Port Arthur 20,320 8,200
San P'rancisco 2,550 526
Port Townsend 644
"Total 77.777 T~7.. ,7 373,413 375,119
Comparative Cotton Statement —
NeW York, Nov. 25.—For the week
ending Nov. 25;
Net receipts at all U. S. ports
same week last year 374,993
Net receipts at all U. S. ports
same week last year 375,119
Total receipts since Sept. 1 4,222,975
Total receipts to same date
last year 3,636,988
Exports for the week 277,990
Exports for same week last
year 263,618
Total exports since Sept. 1 2,849,390
Total exports same date last
year 2,473,891
Stock at all United States
ports 974,767
Stock at all United States ports
same time last year 892,291
Stock at all interior towns 676,102
Stock at all interior towns
same time last year 463,942
Stock at Liverpol same time
last year 308,000
Stock of Am. afloat for Great
Britain same time last year.. 352,000
Stock of cotton at all ports Nov. 15,
1904, and on the same day of the week
last year:
Ports. 1904. 1903.
New Orleans 356.476 270,852
Mobile 53,705 47,012
Oaiveston 212,683 292,035
Savannah 138,597 145,127
Charleston 31,792 10,078
Wilmington 23,602 15,474
Norfolk 26,550 23,813
New York 94,032 60,997
Other ports 37,330 26.903
Total 1,,... 974,767 892,291
WORLD’S VISIBLE SUPPLY*
New Orleans, Nov. 25.—Secretary
Hester’s statement of the world’s
visible supply of cotton issued to
day shows the total visible to be
3,874,078, against 3,658,182 last week,
and 3,342,996 last year. Of this the
total of American cotton is 3,326,-
078, against 3,129,182 last week, and
2,847,996 last year, and of all other
kinds, including Egypt, Brazil, In
dia, etc., 548,000, against 529,000 last
week, and 495,000 last year. Of the
world’s visible supply v of cotton
there Is now afloat and held in
Great Britain and Continental Eu
rope 1,892,000, against, 1,687,000 last
year; in Egypt, 149,000, against 150,-
000 last year; In India, 187,000,
against 130,000 last year; and in the
United States, 1,646,000, against 1,-
376,000 last year.
HESTER’S WEEKLY
STATEMENT.
New Orleans, Nov. 25.—Secretary
Hester’s weekly cotton statement Is
sued to-day shows for the 25 days of
November, a decrease under last year
of CO.OOO. and an Increase over yie
same period year before last of 336,-
000.
For the 86 days of the season that
have elapsed the aggregate is ahead of
the same 86 days of last year 990,000,
and ahead of the same days year be
fore last 876.000.
The amount brought Into sight dur
ing the past week has been 511,616
bales, against 540,893 for the same sev
en days of last year, and 409,012 year
before last.
The movement since Sept. 1 shows
receipts at all United States ports to
be 4,222.975, against 3,548,859 last year.
Overland across the Mississippi, Ohio
and Potomac rivers to Northern mills
and Canada 270,750, against 188,711 last
year: Interior stocks in excess of those
held at., the close, of the commercial
year, 594,298, against 428,872 last year;
Southern mill takings 623,000, against
554,712 last year.
The total movement since Sept. 1 Is
5,711.023, against 4,721,154 last year.
Foreign exports for the week have
been 278,725, against 324,872 last year,
making the total thus far for the sea
son 2,881,262, against 2,440,444 last year.
The total takings of American mills.
North, South and Canada, thus far for
the season, have been 1,363,921, against
1,113,918 last year.
Stocks at the seaboard and the 29
leading Southern centers have In
creased during the week 78.929 bales,
against nn Increase during the corre
sponding period last season of 59,353.
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 crap, the
supply to date Is 6,872.990 bales, against
4,888,953 for the same period last year.
ANOTHER INSTALMENT
OF GINNERS’ REPORT.
Washington, Nov. 26.—The census
bureau to-day issued a preliminary re
port on the quantity of cotton ginned
to Nov. 14, 1904, In 681 counties, from
which reports have been received to
this date. It shows 28,517 active gin
neries agAlnst 26.710 for the same pe
riod In the same counties In 1904, of
8,921.125 running bales against 6,414,(58
In 1903.
The last named figure* Include 224,-
726 round bales for 1904, and 470,620 for
1903. The entire number of counties
from which ginning was reported last
season was 812. Whin all of the agents
shall have reported for the present
crop there will be published h sum
mary distributing by states, the total
quantity ginned during ths season prior
to Nov. 14.
Ths snttrs number of active glnner-
SPIRITS NOW FIRM
DOWNWARD COURSE OF MARKET
CHECKED AT 48 1-2 CENTS.
NO DECLINE AFTER CLOSE
MAY MEAI THAT TOBOGGAN IS
OVER FOK TIME BEING.
Drop In Savatinnh Market Refleeted
in Both NeXT lark and London—
Hosins Continue Firm at Practi
cally L'nclinuged (Imitations— Ad -
vanecn on Pales Paid in After
noon Trade—F Sold at Inside Price.
The turpentine market checked its
downward course yesterday at 48%
cents where, at the close of the mar
ket it, was quoted firm. As no sales
were made under that figure in the
late trade, it looks as though spirits
had checked its downward course for
the time, being, at any rate. The
market opened steady at 48*4c, when
the sales reported amounted to 150
casks; at the close the sales were
247. The receipts were 656 casks,
and the shipments, 185. The
effect of the drop in the local market
was reflected in New York, where the
stuff was quoted dull at 53 cents, and
in London where the official price is
now 37—6.
The rosin market continues firm on
the very excellent basis of prices that
have been paid for some weeks. The
opening was firm at unchanged prices
from the previous close, except that
F was quoted at split prices, the out
side an advance of 2% cents, and the
close was firm and unchanged. Sales
for the day, posted at the opening of
the market were 2,634 barrels. In the
late trade offerings generally were
taken care of by buyers at an ad
vance ot 5 cents on X and above, and
quotations for the remainder, the in
side price being paid for F. Some
sales were reported where the advance
was on M and above. The receipts
were 2.284 barrels, and the shipments,
500. The New York market was quoted
firm at $2.95.
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 656 2.284
Receipts previously 149,717 443,065
Total 156,868 489,899
Exports yesterday 185 500
Exports previously 124,231 435,931.
Total 124,416 436,431
Stock yesterday 32,452 53,468
Stock previously 10,663 67,950
I Tester- Day Be- Last
| day. fore. Year.
Tone, | j Steady. [ Firm-
Spirits | 48*41 49*4| 56
Sales. | 397 | 2,586 [ 109 ”
Rosin ,| Firm. | Firm. | Firm.
W. W. 5710 5.10 3750
W. G. 4.75 4.75 3.25
N 4.50 4.50 3.10
M. .. . 4.30 4.30 2.90
K. .. . 3.90 3.90 2.80
1 3.35 3.35 2.60
H 2.80 2.80 2.40
G 2.72% 2.72% 2.35
F 2.67%@2.70j 2.67% 2.25
E 2.62%j 2.62% 2.15
D. .. . 2.62%| 2.62% 2.10
C B A. 2.60 J
Sales. 2.634 | 2,251 ~ 510
WEEKLY NAVAL STOKES MOVE
MENT.
Spirits.
1904-1903.
Stock April 1 6.495 1,241
Receipts past week 3,743 3,333
Receipts previously 146,630 162,872
Total 156,868 167,446
Exports—
Foreign 51,876 79,896
New York 36,351 26,546
Coastwise and interior .. 36,189 50,341
Total 124,416 156,743
Stock 32,452 10,663
Rosins.
1904-1903.
Stock April 1 44,550 145,882
Receipts past week 12,578 12,557
Receipts previously 432,771 411,171
Total 489,899 569,610
Exports—
Foreign 122,789 196,290
New York 85,443 61,276
Coastwise and interi0r...228,199 244,094
Total 436,431 501.660
Stock 53,468 67,930
IN OTHER MARKETS.
New York, Nov. 25.—Rosin, steady.
Turpentine, steady: 5264053 c.
Charleston, S. C.. Nov. 25.—Turpen
tine and rosin, nothing doing.
Wilmington, N. C., Nov. 25.—Turpen
tine. firm. 48%c; receipts 53 casks.
Rosin, firm. *2.50; receipts 354.
Tar, firm, $1.70: receipts 104.
Crude turpentine, firm. 32.30, *3.80
and *3.80; receipts. 111.
New Orleans, Nov. 25.—Receipts:
Rosin, 499 barrels; turpentine, 108
casks.
LU M BERM ARK ET.
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 462.624
Week 1.197,466 1.206.247
Month 6,249,109 4.830.224
Since July 1 81,726,345 30.915,479
Where Shipped—
Foreign 2,191,090 1,819.361
Baltimore 8,312.620 4.309,882
Philadelphia 4,070.474 5.214.118
New York 16.325,661 8,560.971
Boston 571,782 1.167.206
Other ports 253,410 9,843,945
les reported prior to Nov. 14, 1903, was
29,606, and the entire cotton ginned
was 7.070,437 running bales. By states
the report* for the 681 counties so far
reported for the present season prior
to Nov. 14, follow;
Alabama. 56 counties, 3.316 active gin
neries. 923.979 running bnles; Arkan
sas, 66 counties. 2.266 ginneries, 521.792
bales; Florida, 15 counties, 214 ginner
ies, 41,612 bales; Georgia, 119 counties,
4,571 ginneries, 1,433,907 bales; Indian
Territory, 15 counties, 320 ginneries,
207,465 bales; Kentucky, I county, I
ginneries, 160 bales; Louisian*. 39 coun
ties. 1.660 ginneries. 406.974 bales; Mis
sissippi, 61 counties. 1.733 ginneries,
973,Ml bales, Missouri, 7 counties, 66
HIDES. WAX. FURS. SKINS.
Highest Market Prices Paid.
A. EHRLICH & BR0„ Wholesale Grocers and Liquor Dealers
thTchasmar king supply cckT
126-130 Bay Street, West
JOBBERS.
n.vrn room fixtures, sanitary plumbing goods, wrought
IRON PIPE. FITTINGS, etc. All supplies for STEAM, WATER and GAS.
Sol- Agents for the cetebrated HUXL EY VALVES.
Wool, Hides, Wax, Raw Furs and Skins,
Write for Prices.
D. KIRKLAND,
ginneries, 26,985 bales: North Carolina,
63 counties, 2,787 ginneries, 508,782 bales;
Oklahoma, 15 counties, 247 ginneries,
190,789 bales; South Carolina, 39 coun
ties, 3,144 ginneries, 921,876 bales; Ten
nessee, 34 counties. 650 ginneries, 184,-
063 bales; Texas, 138 counties, 3,856 gin
-2,478,561 bales; and Virginia, 6 counties,
83 ginneries, 8,649 bales.
FORMER PRESIDENT
LIVERPOOL EXCHANGE
In Savannah After a Tour of Cotton
Belt.
Mr. H. Kern of Liverpool, England,
was a visitor at the Cotton Exchange
yesterday. He is ex-president of the
Liverpool Cotton Exchange and mem
ber of the firm of De Jersey & Cos.,
Liverpool, London and Manchester,
England. The houses of the Messrs.
Knoop, Frerichs & Cos., New Orleans,
New York, Savannah, Memphis, Fort
Worth, Galveston and Mobile are
agencies in America.
Mr. Kern's appearance on the floor
of the Exchange was an interesting
event. Mr. Kern has just returned
from a tour of the cotton belt, and is
a believer in a large cotton crop, as
well as lower prices, chiefly because he
maintains the consumption of cotton
fixed at 11,000,000 by Ellison is an ex
cessive estimate, unless very much
lower prices stimulates consumption.
Mr. Kern will remain In Savannah
several days, and after a brief stay in
New York will return to Liverpool.
GENERAL MARKETS.
New York, Nov. 25.—Flour, quiet and
nominally higher.
Rye flour, firm.
Buckwheat flour, dull.
Corn meal, steady.
Rye, nominal.
Wheat, spot, firm; No. 2 red, $1.02%.
There was a strong advance in wheat
to-day and the market ruled firm all
day, closing %@l%c net higher. May,
$1.12%; July, $1.03*4; December, $1.17%.
Corn, spot, barely steady; No. 2,
55%c. Options were quiet and feature
less, closing %c net higher, with wheat.
May, 51%c; December, 58%c.
Oats, spot, dull; mixed oats, 26@32
pounds, 34%@35%c; options, nominal.
Beef, steadv.
Cut meats, steady.
Lard, steady; Western steamed,
$7.50; November closed $7.50, nominal;
refined, firm; continent, $7.70.
Pork, firm.
Tallow, firm.
Rice, firm.
Coffee, spot Rio, steady. No. 7 in
voice, B%c; mild, steady.
SAVANNAH'S CU
Note—These quotations are revised
dally 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 asa.
POULTRY—Market, good demand:
springers, 30040 c per pair; three-quar
ters grown, 50060 c; hens, 75085 c.
EGGS—Country, 25c; Tennessee, 28c.
BUTTER—The tone of the market is
firm. Quotations: Extra Elgin, 60 tubs.
250 26c; choice Elgins, 23@24c: New
York state, 21c; renovated butter,
60-pound tubs, 22V6@23c.
CHEESE —Market, Arm: fancy full
cream cheese. 22@25-pound, 12%@12!4c;
20 to 35-pound. 12012V&C.
WHITE PEA BEANS—32.4O bushel.
POTATOES—32.OO.
ONIONS—In sacks. 32.50.
SPANISH ONIONS—Per crate, 31.50.
CABBAGES—3I.SO crate.
TURNIPS —Per sack. 31.50.
Breadstuff*, Hay n <l Grain.
FLOUR—Patent, 36.50; straight,
36.25; fancy, 30.00; family, 35.60; spring,
wheat, best patent, 37.50.
MEAL—Pearl, per barrel, 33.40; per
sack 31.45; water ground, 31-65; Pearl
grits, per sack, 31.65; Pearl grits, per
barrel. 33.60; city meal. 31-60.
Grain Markets.
QUANTITIES— Jobs. Cars.
No. 2 white corn <6 74
Mixed corn 78 13
OATS— ..
No. 2 mixed
No. 2 white clipped 51 49
wheat bran 31.60 31-35
Cracked corn l-5o l- 8
HAY— _ 7K
No. 1 timothy 9® 78
No. 2 timothy 80 85
Sugar.
Cut loaf ;
Powdered .. SoJ
Fine granulated
Confectioners A ?•''
W £icE-M?rk C et- dull fancy head.
prime :. B *®*: * ©**
Common
Fruits and Nuts.
ipplES—33.oo to 33.50 barrel.
BAN AN AS —$1.7502.00.
GHAPES-Malaga. *4.6005.50; Ja
" FLORIDAOR ANGEB-32.7608.00.
PRUNES —20s to 30s. *l3; 80s to 60s.
me 4os to 50s, 8c; 50s to 60s, 7tic; 60s
to 70s 6%c; 70s to 80s, 6c; 80s to 90s,
90s to 100s. 4tic.
PEANUTS— Ample stock, fair de
mand- market Arm; fancy hand-picked
Virginia*. 7 <R N. C. peanuta, (tie; ex.
Virginias*
NUTS—Almonds. Terragona, 14tic:
tvicas. 12tie; walnuU French, 12tic;
Naples, 16tic; pecans. 10c; Brazil*.
■l4c- Alberts. 11c; assorted nuts, 50-
nound and 25-poiind boxes. 12c.
pried and ISvapornted Fruits.
APPL.ES Evaporated, 7tic; sun
dried. 5 tic.
APRICOTS— Evaporatsd, fancy, Uc;
choice. 10*4c.
RAISINS—E. U. 2-crown. 11.85; 3-
crown. 32.00 ; 4-crown cluster*. *3.75;
loose mueratelts. Ic; 1-pound seeded.
lOttc Imperial cabinets. 33 per box.
PBACHES—Evaporatsd. peeled. l(c;
unperlej, s tic.
PEARS- Evaporated. 10%c.
CITRON A. S. drum. 14t4; fancy
Corslet an. In 10-pound boxes. 16 tic.
CURRANTS— Rsrrfls. It.
(•flee.
Java
Mucha >,!•• #*•>#*••••••*• ••Httt
Peaberry
The market for coffee futures opened
steady at a decline of s@lo points and
was steady at the close, net unchanged
to 5 points lower. Sales, 147,000 bags.
Sugar, raw, firm; fair refining, 4%c;
centrifugal 96 test, 4*4c; molasses sug
ar, 4c; refined, nominal.
Potatoes, steady; Long Island, $1.75
@2.00; state and Western,, $!.40@L60;
Jersey sweets, $2.00@3.50.
Peanuts, steady. •
Cabbages, firm; per barrel, 50@75c.
Cotton by steam to Liverpool, 10
@ 15c.
Butter, strong; renovated, oommon to
extra, 13@19%c; Western imitation
creamery, common to choice, 15%@20c.
Cheese, firm; state full cream, small
September colored and white, fancy,
22*4c.
Eggs, strong, unchanged.
CHICAGO MARKETS.
Chicago, Nov. 25.—Excessive rains In
Argentina delaying harvest caused a
cent advance in wheat here to-day.
Continued lack of moisture in the
Southwest added to bullish sentiment.
At the close December wheat was up
%<B> lc and Mav l%c. Corn shows a
gain of %c. Oats are %@%c higher,
and provisions 7%(@12%c higher.
The leading futures ranged as fol
lows
Opening. Highest. Lowest Closing.
Wheat. No. 2
Dec. $ 1 09% $ 1 10% $ 1 09% $ 1 09%
May . 1 10% 1 11 1 09% 1 10%
July . 99% 99% 99 99%
Corn No. i. —
Dec. . 50% 50% 49% 49%
May . 46% 46*4 *5% 46
July . 46*4 46% 46 46
Oats, No. 2
Nov .... 30%
Dec.. 29% 29% 29% 29%
May . 30% 30% 30% 30%
July .. 31% 31% 31% 31%
Mess Pork, per barrel—
Jan. .12 65 12 82% 12 65 12 82%
May 12 77% 12 97% 12 77% 12 97%
Lard, per 100 pounds—
Jan. 7 00 7 10 7 00 7 10
May 7 17% 7 25 7 17% 7 25
Short Ribs, per 100 pounds—
Jan. 6 50 6 62% 6 5 0 6 62%
May 6 70 6 77% 6 67% 6 75
Cash quotations were as follows:
Flour quiet and steady; No. 2 spring
wheat, $1.09@1.13; No. 3, $1.02@1.10; No.
2 red. $1.12%@1.13*4; No. 2 corn, 52t;
No. 2 yellow, 57%c; No. 2 oats, 31%@
32%c; No. 2 white, 32@33*4c; No. 3
white, 30%@32%c; No. 2 rye, 78c; good
feeding bariey, 38@38%c; fair to choice
malting, 42@52c; No. 1 flaxseed. $1.11%;
No. 1 Northwestern, $1.19; prime tim
othy seed, $2.70; mess pork, per barrel,
$11.40@11.45; lard, per 100 pounds, $7.02
@7.05; short ribs sides (loose), $6.62%@
6.75; short clear sides (boxed), $6.75@
6.87%; whisky, basis of high wines,
$1.24; clover, contract grade, $12.26.
Receipts—Wheat. 60.000 bushels: corn,
387,200 bushels; oats, 136,800 bushels.
RRENT MARKETS
Fancy No. 1 12 c
Fancy No. 1 12tic
Choice No. 2 12 c
Prime No. 2 11 c
Fair No. 5 10tic
Ordinary No. 6 9tic
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
sacks. 54c.
HlDES—Market. Arm; dry Alnt,
17c; dry salted, 16c; green salted, 9tic;
green, 7t4c.
WOOLr-Firm: white prime, 25c:
prime Georgia, free of sand burrs and
black wool, at 23c; burry. 12@16c; wax,
28c; tallow, 4tic; 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 80@85c a bar
rel; special Calcined plaster, 31.5001.60
per barrel; hair, 405 c; cement, 31.100
I. carload lots, special. Portland ce
ment, retail, *2.0002.25; carload lots,
special.
LUMBER Ral'road ties, 27029 c;
hewn ties (7x9xßti), *B@4oc; hewn
ties (6xß), 26x28c; switch ties, *10.500
11. easy yard stock, *11.00012.00;
car sills. *13.00016.00: ship stock, *IB.OO.
Oils.
Perfection Signal Oil 43 c
Pratt’s Astral n c
Aladdin Security 15 o
Water White 15 c
Standard White 14Ho
D. S. Gasoline 16 c
D. S. Gasoline In drums 14Vio
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,
31.90; chilled, 31.90.
IRON—Market Arm; refined, $1.90;
Swsr6< 4c*
base.
BARBED WIRE
pounds.
GUNPOWDER Per keg, Austin
crack short. *4.50 keg; half keg, *2.50,
quarter keg, *1.40; champion ducking,
quarter keg, *2.26; Austin smokeless,
half kegs, 38.45. quarter. 34.30; three
pounds, *2.10; one pound, 75c; less 20
per cent, on smokeless.
Cotton Bagging and Tleo.
BAGGING—Market firm; 1% pound.
TH@64c; sea Island bagging. 9140964 c.
TlES—Standard 45-lnch arrow. 940
o*l.oo.
COTTON PICKING SHEETS— *2®
25c each.
TWINE—Per pound, or hank. 140
16c.
HAMS—Sugar cured. 1201114a; pic
nics. 814 c.
D. S. butts 5%
D. S. plates .....7
Western heavy bellies 814
Eastern light bellies 8%
Eastern medium bellies 864
Eastern heavy bellies
D. S. C. R. sides 814
Smoked C. R. sides 9
LARD—Pure, In tierces, 864 c; 60-
pound tins and 80-pound tubs, 864 c;
compound. In tierces, 6c; 60-pound
tins and 80-pound tubs, 614 c.
Mlscellaneeas.
FlSH—Mackerel, halfbarrels. No.
1, *10; No 2. *8.60; No. fc 88: klta. No.
1, 11.40; No. 2, *l3O. No. 8. 11.10; OOd-
Ash, 1-pound bricks. *c; 1-pend bricks,
114 c; smoked herrings, per box, 19020 c;
Dutch herrings. In kega, 11.10; new
mullets, half barrels, *4.
SYRUP—Market quiet; Oeorgia and
Florida syrup, buying at 22023 c; sell
ing at 1602714 c; sugar house, at 1(140