Newspaper Page Text
10
BIG BREAK IN PRICES
marked ali, branches of cot
ton BUSINESS YESTERDAY
NEW LOW RECORDS MADE
LOCAL SPOT MARKET SHOWED DE
CLINE OF 3-10 OF A CENT.
Heaviest Decline In Fntnrea Oecnr
ed at Neve York—Break Started
Early and Was Dae at First to
Disappointing Cables— Slump
Credited to Discounting of Gov
ernment's Report to Be Issued To-
Day.
AT THE CLOSE.
FITCHES.
Liverpool, 13 to 14 Points Lower.
New York, 27 to 42 Points Lower.
New Orleans, 24 to 27 Points Low
er.
SPOTS.
Liverpool, 11 Points lower.
New York, 20 Points L?wer.
New Orleans, l-Bc. Lower,
Savannah, 3-ittc. Lower.
Another big break in cotton prices
at all the chief markets of the world
happened yesterday and new low rec
ords were made in several instances.
Lower cables than expected was an
early factor in the decline, but the
most potent one seems to have been
the desire to discount the government
report to be issued to-day. The slump
in prices can be seen from the fol
lowing figures showing the losses in
the futures markets at the close: Liver
pool 13 to 14 points. New York 27 to
43 points, and New Orleans 24 to 27
points.
Prices in the local spot market suf
fered in sympathy with those of fu
tures. The opening was quiet and
unchanged from the close of the pre
vious day; at the midday call a de
cline of 1-16 of a cent was reported
and the tone had changed to nominal,
lower to sell, while at the close a
further decline of % of a cent had
taken place and the tone was quiet,
lower to sell.
The tone, prices and sales for the day
follow;
I Open- j 1 I Clos-
[ ing. [o'clock.; ing.
jQuiet. |* |*
Good middling .1 9 5-16 9% I 9%
Middling 9 1-16 9 | 8%
Low middling ..| B_ll-16|_8% jB%
Sales .. ...T....| 491 j 400 j 75~
•Nominal, lower to sell. ••Quiet, low
er to sell.
Total sales yesterday. 966.
Time, 1 p. m., day before, 1,337.
The f. o. b. market opened steady
at 9% cents, basis good middling, and
closed steady at 9% cents, same basis.
Sales, it is reported, were unusually
large.
SPOT COTTON MARKET.
The following were the official spot
quotations at the close of the market
at the Cotton Exchange yesterday.
4:00 I Year
Grades. P. M. | Ago.
Good middling 9% ~ln%
Middling 8% ]n%
Low middling 8% 10%
Tone ■■■!• | Firm?
•Quiet, lower to sell.
Sales yesterday, 966.
—sfjodxg
Foreign 14,861
Foreign for season 579,801
Last year 351,469
Coastwise 1,1 6f>
Coastwise for season „, 225,902
Last year 151,209
Receipts yesterday 10,880
Last year 8,942
Year before last 10!246
Receipts since Sept. 1 944^85
Receipts same time last year.. 695,409
Stock yesterday' 152.007
Stock last year 94,197
Receipts and Stocks at All Ports—
Receipts yesterday 85,787
Same day last year 74,693
Same day year before last 56T71
So far this week 212 717
Lear before last 161,884
Receipts since Sept. 1, 1904.. ..4,436,900
Last year .....3,850.635
Stock at all ports yestbrdajf 1,039,201
Stock same day last year 856,765
DAILY COTTON MARKET.
Port Movement—
Savannah—Nominal; middling, ge
net receipts, 10.880; gross, 10,880; sales’,
1,337; stock. 152,007. Exports.—Great
Britain. 11.289; continent. 3,572: coast
wise. 1.165.
Galveston—Easy; middling, 9%c; net
receipts, 31,147; gross, 31.147; sales, 862;
stock, 214.591. Exports.—Continent, 9,-
213.
New Orleans—Easy; middling, 9c;
net receipts, 22,017; gross, 22,017; sales,
4,100; stock, 362,160. Exports.—Great
Britain. 9.500.
• Mobile—Easy; middling, B%c: net re
ceipts, 3,641; gross, 3.641; sales, 500;
stock, 61.712. Exports.—Coastwise.
1,671.
Charleston—Quiet; middling, 8 11-16 c;
net receipts. 1,098; gross, 1,098: stock,
85,095. Exports.—Coastwise. 434.
Wilmington—Steady; middling, 9c;
net receipts, 2,746; gross, 2.746; stock,
80,740.
Norfolk—Net receipts, 5.500; gross,
6.500: stock. 46.860.
Baltimore—Nominal; middling, 9%c;
gross receipts. 585; stock. 2.507.
New York—Quiet: middling. 9.50 c;
gross receipts. 12,366: sales, 100: stock.
104,000. Exports.—Continent. 2,074.
Boston —Quiet; middling, 9.70 c; net
receipts, 1.538; gross. 2,164. Exports.—
Great Britain. 2.671.
Philadelphia—Quiet; middling, 9.75 c;
gross receipts. 50; stock, 6.192.
Port Townsend—Net receipts, 1.142;
gross, 1,142. Exports.—Japan, 1,142.
Newport News—Stock. 252.
Brunswick—Stock. 22.785.
Miscellaneous —Net receipts, 973;
gross. #7B.
Total to-day. at all ports—Net re
ceipts. 80,682; Great Britain, 23.460;
continent, 14,859; Japan. 1,142; stock,
I. .
Consolidated, at all ports—Net re
ceipt*, 218.925; Great Britain, 73,534;
France, 16,632; continent, 44,306; Japan,
10,821.
Total since Kept. 1, at all ports—Net
receipt*, 4,436.900; Great Britain, 1,500,-
214; France, 885,716; continent, 1,113,489;
Japan, 34,412; Mexico, 10.761.
Interior Movement—
Houston—Easy; middling. *%c; net
receipts, 26,408; gross, 26,406, shipments,
11. sales, 1.078; stock. 106,069.
Augusta.—Quiet; middling, 9 l-]6c;
net receipts, 2,408; gross, 2,687; ship
ment*, 680; sales, 1,462; atock, 82,461.
Memphis Hieady; middling, #%r;
net receipts, 6.4*9 gross, 11.728; ship
ments, 8,267, sales 2,100; stock, 181.8 TI.
At. Louie- Quiet; middling. 8 6l8c;
gross receipts, 8,804, shipments. 8,804;
slock, 22,b2.
11l ffl 8 CO.
COTTON. STOCKS. BONDS. GRAIN
PROVISIONS AND COFFEE.
Direct Private Wires to AU Markets.
MEMBERS
New Orleans Cation Exchange.
New Orleans Future Brokers Ass n.
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. Go.
Cincinnati—Net receipts, 1,674; gross,
1,674; shipments, 562; stock, 2,535.
Louisville —Firm: middling, 9%e.
Total to-day—Net receipts, 34,957;
gross, 44,177; shipments, 32,091; sales,
4,831; 5t0ck,’354.937.
SEA ISLAND COTTON.
Prices follows:
Fancy Florldas 21 rf? 22
Extra choice Floridas 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.
ACTIVE AND EXCITED
DAY AT NEW YORK.
New York, Nov. 29.—1 t was an ex
ceedingly active and excited day in the
cotton market, with prices showing
great weakness under very heavy
liquidation and stop orders uncovered
by the decline. The close was at prac
tically the lowest prices of the session.
The market opened easy at a decline
of 5@7 points in response to much
lower cables than expected. For a few
minutes there was some support and
prices ruled irregular, but Liverpool
continued easy. New Orleans showed
weakness and both markets sent sell
ing orders here. Prices soon started
downward. After declining to a net
loss of about 14@18 points, there was
a slight rally on covering, but in the
afternoon there was another hard drive
made at the market, led by Philadel
phia and lower Wall street interests,
and prices broke very sharply. Heavy
stop orders were uncovered on the de
cline and with reports from the South
claiming easy spot markets at a de
cline of l-16c to %c the situation ap
peared well-nigh demoralized. The
close was barely steady at a net de
cline of 27@43 points.
Sales were estimated at 600,000 bales,
much of this having been done in good
sized blocks.
There did not seem to bo anything
in the news to explain the decline,
which was taken by some to result
from bearish expectations regarding
the census bureau report to be issued
at noon to-morrow and the govern
ment estimate of the crop expected at
11:15 o’clock on next Saturday.
SPOT COTTON AT NEW YORK.
New York, Nov. 29.—Cotton —Spot
closed quiet, 20 points decline; mid
dling uplands, 9.50 c; middling Gulf,
9.75 c; sales 100 bales.
Cotton futures at New York Nov.
29:
Potions. I Onen.l High.! Low.] Closa
November . 9.10 9.11 9.08 8793"
December . 9.18 9.18 8.91 8.93
January 9.27 9.31 8.90 9.03
February . 9.33 b 9.13 9.12 9.10
March 9.45 9.46 9.15 9.16
April 9.28 9.28 9.14
May 9.57 9.58 9.24 9.26
June 9.57 9.26
July 9,61 9.62 9.30 9.30
Futures opened easy; closed barely
steady.
BOTH MARKETS LOWER
AT NEW ORLEANS.
New Orleans, Nov. 29.—Cotton fu
tures steady; November, 8.85@8.87c;
December, 8.88@8.90c; January, 8.96®
8.97 c; February, 9.05@9.07e; March,
9.12@9.13c; April, 9.20@9.22c; May, 9.27
@9.28c.
Cotton—Spot quiet and weak; sales,
4,100 bales, including 1,700 to arrive.
Quotations %c lower.
Futures opened from 7 to 9 points
lower and later in the session receded
17 to IS poihts additional, influenced
by lower Liverpool and the decline in
New York. Liverpool cables reported
Americans heavy sellers in that mar
ket. Notwithstanding the increasing
movement there was quite a develop
ment of activity. In the trading De
cember opened 9 points down at 9.03 c,
sold up to 9.05 c, declined to 8.85 c, and
finally recovered 3 points to B.BBc.
The other active months showed sim
ilar fluctuations. The market closed
quiet with net losses of 24 to 27
points.
LIVERPOOL COTTON MARKET.
Liverpool, Nov. 29.—rCotton —Spot in
moderate demand; prices 11 points low
er; American middling fair, 6.39d; good
middling, 5.17d; middling, 5.07d; low
middling, 4.95d; good ordinary, 4.81d;
ordinary, 4.65d. The pale* of the day
were 7,000 bales, of which 500 were for
speculation and export, and included
6,800 American. Receipts 62,000 bales,
including 55,000 American.
Futures opened easy and closed weak.
American middling, good ordinary
clause: November, 4.97d; November-
December, 4.94d; December-January,
4.94d: January-February, 4.97d; Febru
ary-March, 4.99d; March-April, 5.01d;
April-May, 5.03d; May-June, 5.05d:
June-July, 5.06d; July-August, 5.07d;
August-September, 5.04d.
WARE A I.ELAND
Say JSeir York Market Was Simply
Flooded With Cotton.
New York. Nov. 29.—After the tempo
rary rally, the downward movement
was resumed In full force this morn
ing, and all records broken before the
day closed. Both December and Janu
ary broke to 9c in New Orleans, Jan
uary in Liverpool broke 5d and Janu
ary here sold at 9c. There was too
much cotton for sale. The speculative
short selling that started the ball roll
ing at 10c helped the break and cot
ton kept coming out all day. There was
a lot of short covering early, but later
on the selling was enormous, and
prices crumbled away. After selling
at 9.27 c, early March rallied to about
9.36 c, and then held around 9.34 e. This
led traders to believe that a market
which failed to react more than a few
points would go lower. All hands sold
at mid-day, and the market broke
from 34 to 22. There was cotton cov
ered at these figures, but the demand
was not as great as the supply. It
was simply a question of cotton, cot
ton, cottOn. It came from all direc
tions, and such selling as this must
have some reason to back tt. The crop
must be a large one. IT the govern
ment comes out and gives any figures
that will support 11,750.000 bales there
will be little to buy cotton on. Those
conservative crop estimators who have
carried off the laurels for the last five
DEMERE L HAMMOND. Brohers,
Phone* 1505. Office No. 24 Bryan street, feast.
tUTIUN, STOCKS, BONDS. GRAIN AND PROVISIONS
Plnm rrilll* Birr* to llli'tiunfn
uh-al suitiuriij a sru um,
SAVANNAH MORNING NEWS: WEDNESDAY.NOVEMBER 30. 3004.
years are now evidently wrong. The
only consolation is that it’s about time
and the government will reveal all
early enough In the season to prevent
serious loss.
J. S. BACHE A CO.’S
Dally Cotton Letter to Hayward,
Vick A Cos.
New York, Nov. 29. —Yesterday's spot
markets were steadied by a big de
mand. Reports from spinning centers,
with the exception of Fall River, are
no less encouraging, In fact there ap
pears to have been no change what
ever in legitimate trade conditions.
To-day's break must, therefore, he due
to something of a speculative nature.
We think it reflects a mistake on the
part of the local contingent as to the
probable slliwing of the ginners' re
port at noon to-morrow and a still
greater mistake as to the government's
report on the following Saturday. If a
canvass of the local trade was
made It would develop the fact that
they are expecting about 10,000,000 to
10,200,000 bales ginned to Nov. 14.
Counting round bales as half bales,
6,815,000 bales were ginned to Nov. 14
last season. The reports so far issued
indicate an increase of about 42% per
cent, adding which to last year’s total
figures would give an indicated report
of between 9,700,000 and 9,800,000. We
think, therefore that to-day’s decline
is unwarranted and that unless it de
moralizes Southern holders, of which
there is no evidence as yet, it will be
followed by a rapid recovery before
the end of the current week. If we
knew’ the crop was 11,500,000 bales,
which we don’t, wa would consider
prices low enough.
LACK OF UNANIMITY
AMONG COTTON MEN.
As to the Weatlier Censn* Report
Should Be Given as a. Whole.
It is hardly probable that the Savan
nah Cotton Exchange will take any
action In regard to asking the govern
ment to issue the ginners’ report in
its entirety and not piecemeal as has
been the case this season. The Mem
phis Cotton Exchange has passed a
resolution that the report be issued
only when completed, and asked the
co-operation of the other exchanges of
the country, but the opinion of the
members of the local exchange is not
a unit on the matter so that no ac
tion is likely to be taken here.
Capt. Wright Hunter, vice president
of the local Exchange, when asked his
opinion of the Memphis resolutions said
he, thought they would amount to
nothing as he is under the impres
sion that something similar was done
by the New York trade, and sent to
the government without any reply be
ing received, and, besides, he thinks
the question at issue is of no great
Importance because the figures repre
sent merely the capacity of the gins
and are no real index of the size of
the crop.
Mr. H. T. Williams thinks the pres
ent system is the correct one, holding
that the government should favor
neither one side nor the other, but
should make public the figures in its
possession as soon as they can be put
in the proper form for so doing.
On the other side of the question,
however, are the views of Mr. Gardner
Dickinson, who believes that it would
be best for the entire trade if the re
port should be issued as a whole. He
bases this opinion on the fact that
every time a report is issued it un
settles the market for the time being
to the detriment of the trade whereas
if the figures xvere not given out un
til they were completed such an un
settled condition would result, but
once, at least from this cause, and the
trade could quickly adjust itself to
such anew basis as might be necessary
because of the effect of the report.
Another prominent cotton man took
the same view. He thought it a dis
tinct disadvantage to both sides of
the market to pick out a single sec
tion or state, as was the case a short
time ago, when the figures for Geor
gia counties were given alone. He
thinks the report should deal with the
crop as a whole as in any other w r ay
it Is likely to be misleading.
GENERAL MARKETS.
New York, Nov. 29.—Flour market
dull and unchanged.
Rye flour, quiet.
Buckwheat fleur, steady.
Corn meal, quiet.
Rye, nominal.
Wheat —Spot, easier; No. * 2 red,
51.17%. Except for a brief early ad
vance, wheat was unsettled and gen
erally weak to-day. The close w r as
weak at %@l%c net decline. May,
51.10%; July, 51.02%; December, 51.14%.
Corn—Spot, easy; No. 2,55 c, f. o.
b. afloat. Option market dull here
and easier, closing %@%c net lower.
May, 51%c; December, 5674 c.
Oats—Spot, dull; mixed oats, 26 to
32 pounds, 34%@35%c. Options, nomi
nal.
Beef, firm.
Cut meats, steady; pickled bellies.
B@B%c.
Lard, easier; Western steamed, 57.35;
November closed, 57.35, nominal; re
fined, easy; continent, 57.50,
Pork, steady.
Tallow, firm.
Rice, firm.
Molasses, firm.
Coffee —Spot Rio. steady; No. 7 In
voice, B%c.
The. market for coffee futures opened
steady, unchanged to 5 points lower
and closed steady at a net advance
of 5 to 10 points. Sales 106,500 bags.
Sugar—Firm; fair refining, 4%c; •cen
trifugal 96 test, 4%c. Refined, firm.
Butter, firm, unchanged.
Cheese, firm, unchanged.
Eggs, strong, unchanged.
Potatoes, steady: Long Island, 51.75
@2.00; state and Western, 51.40@1.55;
Jersey sweets, $2.00@3.50.
Peanuts, steady; fancy handpicked,
5%@5%c; other domestic. 3%@5%c.
Cabbages, steady; flat Dutch per 100
52.0003.00.
Cotton by steam to Liverpool, 10®
15c.
Cotton seed oil was in moderate de
mand and steady.
Prime crude f. o. b. mills, 19@19%c;
prime summer yellow, 25%@26c; off
summer yellow, nominal; prime white,
30c; prime winter yellow, 30%@31c.
CHICAGO MARKETS.
Chicago, Nov. 29.—Heavy movement
of grain in the northwest was one of
the leading factors In a weak wheat
market here to-day. At the close De
cember wheat was off precisely lc.
May is down %c. Corn is off %@%c.
Oats and provisions are practically
unchanged.
The leading luturea ranged aa fol
lows
Opening. Highest. Lowest Closing
Wheat. No. t
Dec ..*1 07% 51 07% 51 06% $1 06%
May . 1 09% 1 09% 1 08% 1 08%
July . 99 99 97% 97%
Corn N n 2.
Dec .. 48% 48% 48% 48%
May . 45% 45% 45% 45%
July . 46 46 45% 45%
Oats, No. 2
Nov .... .... 50%
SPIRITS LOST I CENT
BETWEEN CLOSE MONDAY AND
THAT OF YESTERDAY.
NOW FIRM AT 47 CENTS.
FAIR SALES AND HEAVY SHIP
MENTS FOR THE DAY.
Sales Amounted to S,'(l Casks, and
Shipments To 1,87.7 Casks—Sales In
Post Market Trading Brought
Closing quotations Hut Not All Of
ferings Were Taken—Hosln
Market Opened and Closed Firm,
Better Prices Paid in Late Trad
ing.
The ‘biggest break in prices that has
yet taken place in the spirits market
this season between the close of one
day and that of the next occurred yes
terday. The market closed Monday
steady at 48c, opened yesterday steady
at 47%@48c and closed firm at 47c, a
decline of lc. Since the initial break,
when tht price fell below 50c, the
trade has been prepared for anything
that might happen, and will hardly be
surprised at any development that may
take place in the near future. The
sales at the opening were 353 casks and
at the close 503 casks. The receipts
were 645 casks, and the shipments 1,-
875. Sales in the afternoon were made
at the closing quotation of the mar
ket, but it is understood that not all
offerings were taken. The New JTork
market was quoted dull at 51%c, and
London at 37—.
The rosin market opened firm and
unchanged, except that an outside
price representing an advance of 2%c,
was quoted on D, C, B, A, and the
close was firm and unchanged. The
sales at the opening amounted to 2,985.
No sales were reported at the close,
but in the post-market business the
offerings were taken at slightly vary
ing prices, generally an advance of 5c
on H and above and quotations for the
remainder, outside prices being paid
where more than one price was quoted.
In one sale, however, an advance of
2%c, as received on the outside price
of C, B, A. The receipts were 1,857
barrels, and the shipments 4,970. The
New York market was quoted steady
at 53.00.
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 645 1,857
Receipts previously 151,956 451,083
Total 159,096 497,490
Exports yesterday 1,875 4,970
Exports previously 124,672 440,635
Total 126,547 445,605
Stock yesterday 32,549 51,885
Stock previously 11,474 67,510
Tester- Day Be- Last
day. fore. Year.
Tone ,| Firm. Steady. Firm.
Spirits | 47 48 56_
Sales .| 856 203 508
Tone ~| Firm. Firm. Firm.
W. W. 5.10 5.10 3.50
W. G. 4.75 4.75 3.25
N 4.50 4.50 3.05
M. .. . 4.30 4.36 2.90
K. .. . 3.90 3.90 2.50
I 3.35 3.35 2.55
H 2.80 2.80 2.35
G 2.70 2.70 2.30
F 2.65 2.65 2.20
E 2.60 2.60 2.10
D 2.57%@2.60 if. 57% 2.10
C B A2.55@2.57% 2.55 2.10
Sales . | 2,985 1,913 4,317
IN OTHER MARKETS.
New York, Nov. 29.—Rosin, steady;
strained common to good. 52.9503.00.
Turpentine, steady, 61@51%c.
Charleston, S. C., Nov. 29.—Turpen
tine and rosin, nothing doing.
Wilmington, N. C., Nov. 29.—Tur
pentine steady, 47c; receipts 24.
Rosin, firm, 52.50; receipts 96.
Tar, firm, 51.70; receipts 94.
Crude turpentine, firm, 52.30, 53.80
and 53.80; receipts 241.
New Orleans. Nov. 29.—‘Receipts;
Rosin, 297 barrels; turpentine, 59 casks.
LUMBERI/IARKET.
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 .. 462,16?
Week 1,010.118
Month 7,775,110 5,317,762
Since July 1 33,251,346 31,403,021
Where Shipped—
Foreign 2,294,444 1.819,361
Baltimore 8.436,529 4,309,882
Philadelphia 4,194,005 5.214.118
New York 17,500,731 9,048,509
Boston 571,782 1,167,206
Other ports 253,410 9,843,945
Dec .. 29% 29% 29 29%
May . 31% 31% 31% 31%
July . 31% 31% 31% 31%
Mesa Pork, per barrel—
Jan ..12 80 12 82% 12 72% 12 77%
May .12 95 12 97% 12 90 12 95
Lard, per 100 pounds—
Jan .. 7 02% 7 02% 7 00 7 00
May .7 20 7 22% 7 17% 720
Short Ribs, per 100 pounds—
Jan .. 655 6 55 6 52% 655
May . 8 75 6 75 6 7 0 6 72%
Cash quotation! were as follows:
Flour, steady; No. 2 spring wheat,
sl.oß® 1.13: No. 3, $1.02®1.10; No. 2
red, $1.10®1.11%: No. 2 corn. 50c; No.
2 yellow, 50%c; No. 2 oats. 30%c; No.
2 white, 32%@32%c; No. 3 white, 30%
®32r; No. 2 rye, 77c; good feeding bar
ley, 38c; fair to choice malting, 42®
61c; No. 1 (lax seed, $1.11: No. 1 North
western, $1.19: prime timothy seed,
$2.70; mess pork, per barrel, $11.30®
11.35; lard, per 100 pounds. $7.00; short
ribs sides, (loose), $6.62%®6.75; short
clear sides, (boxed). $8.75®t>.87%: vvhls
ky, basis of high wines, $1.24; clover,
contract grade. $12.25.
Receipts Wheat, 170,000 bushels;
corn, 499,200 bushels; oats, 151.200 bush
els.
Dllt GOOD* MARKRT.
New York, Nov. 29.—Buying In the
dry goods market ha* been somewhat
lessened by the declining tendency In
the row material, augmented by the
drop In prints. These two factor* have
tended to conservatism on the part
of buyers who are inclined to await
developments on a good many lines.
Manufacturers, however, show no ten
driicy to make cnl(evasion*.
—A Contented Disposition.—Hhs~'T
apprerlste the cotnptlmsnt. but I'm
afraid I could never make you happy.”
"Oh. yea. you could! You don't knew
how easily pleased ( sm!”— Life.
SAVANNAH HEADQUARTERS
FOR WOOD SPIRITS TRADE
Refining Plant to Be Built Soon at
Coat of *500,000.
Savannah will be made the head
quarters of the wood turpentine Indus
try in the near future, according to in
formation received from a reliable
source. This will be brought about by
establishing a large refinery at this
point, where practically the whole out
put of wood spirits will be refined and
made of uniform quality prior to be
ing put on the market.
The further statement is made that
the company for building and conduct
ing this refinery has been formed and
has its charter, and that it will start
the founding of the refinery so soon as
a suitable location for it can be se
cured on the line of one of the rail
roads entering this city. The amount
of capital to be invested is said to
be in the vicinity of half a million of
dollars. The capacity of the plant will
be the handling of about 2,000,000 gal
lons of crude spirits a year.
The output of the plant will be, be
sides the purified wood spirits, tar, cre
osote and other pine products.
circus Train shaken
UP AT TIFTON.
Wild Switch Engine Ranged Into a
Show Car.
Tlfton, Ga„ Nov. 29.—The Miles Or
ten Southern Shows exhibited in Tif
ton yesterday. Early in the morning
a switch engine on the Georgia South
ern yards, ran into the sidetrack where
the cars of the show were placed, and
demolished the platform of the car,
shook up a few of the show people,
who were in their sleeper. None were
injured, however. The car will be
taken to the shop for repairs, and the
show people cared for in a car fur
nished by the company. The cause of
the accident was that the engine ran
into an open switch from the main
line to the sidetrack. The road made
amicable settlement with the show,
which was only to repair the damages
done to the car.
LUCAS WAS KILLED BY~
A FALL BETWEEN CARS.
Died at Orlando Within an Hoar
After the Aceldent.
Orlando, Fla., Nov. 29.—Jeff Lucas,
about 35 years old, a Georgian who
came here recently from Atlanta, was
killed here last night while attempt
ing to board a train on the Seaboard
Air Line. He fell between the cars and
was so seriously injured that he died
within an hour.
He was a son of B. Lucas, formerly
engaged in turpentine business in this
county. It is said he leaves a wife,
probably in Atlanta.
Bl KGLARS BUSY IN BERRIEN.
nave Been Doing Stunts at Sparks
and Cecil.
Tlfton, Ga., Nov. 29.—Burglars are
getting in their work at Sparks and
Cecil, two towns In South Berrien.
Burglars recently broke into the store
of M. Joselove, Sparks, and hauled off.
It is said. J3OO or 5400 worth of goods.
At. Cecil, burglars broke into the
stores of I. Beioat. and Spurlock &
Kennedy. They got several guns and
SAVANNAH’S CURRENT MARKETS
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 ask.
POULTRY—Market, good demand;
springers, 30@40c per pair; three-quar
ters grown, 50060 c; hens, 76085 c.
EGGS—Country, 25c; Tennessee, 28c.
BUTTER—The tone of the market is
firm. Quotations: Extra Elgin, 60 tubs.
25026 c; choice Elglns, 23@24c; New
York state, 21c: renovated butter,
60-pound tubs, 22V4@23c.
CHEESE—Market, firm: fancy full
cream cheese. 22@25-pound, 12V4<S>1284c;
20 to 35-pound. 12012 V4c.
WHITE PEA BEANS—*2.4O bushel.
POTATOES—*2.OO.
ONIONS—In sacks, *2.50.
SPANISH ONIONS—Per crate, *1.50.
CABBAGES—*I.SO crate.
TURNIPS—Per sack. *1.50.
Breadstuff*. Hay and Grain.
FLOUR —Patent, *6.35; straight *6.10;
fancy, *7.35; family, *5.45; spring
wheat, best patent, *5.85.
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.
Grnln Market*.
QUANTITIES— Jobs. Cars.
No. 2 white corn 76 74
Mixed corn 70 79
OATS— ._
No. 2 white clipped 51 40
bran —
Pure wheat bran $1.40 $1.30
Mixed bran 130 1.20
Cracked corn *-5o
HAY— „ „
No. 1 timothy 90 ™
No. 2 timothy 80 80
Snsnr.
Cut loaf *
Powdered .. -
Fine granulated 5.92
Confectioners A 5..7
White Extra C ..6.57
RlCE—Market dull, fancy head, 4V4
Common
Fruit* and Nats.
APPLES—*3.OO to *3.50 barrel.
BANAN AS —1.75®2.00.
GRAPES— Malaga, *4.50® 5.50; Ja
orange, *3.25.
FLORIDA ORANGES—*2.7S@3.OO.
PRUNES—2Os to 30s, *l3; 30s to 40s.
mo- 40s to 50s, Sc; 50s to 60s. 7 Vic; 60s
7os 6%c; 70s to 80s, 6c; 80s to 80s,
PEANUTS— Ample stock, fair de
mand market firm; fancy hand-picked
Virgin! Bl9 . 7c; N. C. peanuts, 6Vic; ex.
Virginias, 6c.
NUTS—Almonds. Terragona. 14Vic;
Tvlras, 12Vic; walnuta. French. 12Vic;
Naole*. HVic; pecans, 10c; Brazils,
iUc filberts. 11c; assorted nuts, 50-
pound and 25-pound boxes, 12c.
1 Dried and Evaporated Frails.
APPLES Evaporated, 7Vic; sun
dried. 584A
APRICOTS— Evaporated. fancy, i* C ;
choice, 10V4C.
RAIBINB-L, L.. 3-crown, *1.85; *-
crown. 62 00 ; 4-crown clusters. *2.76;
looM muscatells, c; 1-pound seeded.
1084 c; imperial cabinets, *3 per box.
PEACHES— Evaporated, peeled, l#c;
un peeled. *% c -
PEARS Evaporated. 1084 c.
CITRON A. S. drum, i4V4<s; fancy
Corelctsn. In 10-pound boxes. 1444 c.
CURRANTS—RsrreIs. 7c.
• Cofteo.
Java *4 e
Mocha ......MtfcO
peaberry U e
HIDES. WAX. FURS. SKINS.
Highest Market Prices Paid.
A. EHRLICH & BRO., Wholesale Grocers and Liquor Dealers
THE CHASMAR KING SUPPLY COT
126-130 Bay Street, West
JOBBERS.
BATH BOOM FIXTURES. SANIT YRY PLUMBING GOODS. WRorfitr.
Wool, Hides, Wax, Raw Furs and Skins.
Write for Prices.
D. KIRKLAND,
pocket knives from Beioat, and at
Spurluck & Kennedy’s obtained sev
eral bolts of dress goods and bleaching.
They were shot at by the night watch
man at Cecil, and in running dropped
most of the goods they secured out of
Spurluck & Kennedy’s store.
TIFTON MINERALOGIST’S
LATEST DISCOVERIES
Is Said to He Petroleum In Washing
ton County. Fla.
Tifton, Ga., Nov. 29.—As a mineralo
gist, Mr. W. J. Henderson of Tifton
Is again to be heard from. He has
during the last three years since his
residence in Tifton made discoveries
of diamonds, gold, kaola and other val
uable minerals within a few miles of
Berrien county.
About two years ago he discovered
the precious stones (diamonds) in the
bed of a river near Tifton; later on
gold in a well in -the city of Tifton
and the metal of which crockery is
made from on the place of one of Tif
ton’s prominent citizens in Worth
county. For some reason none of
these mines have never yet been cul
tivated. However, he claims that they
abound in the ground in the territory
he named.
Mr. Henderson’s latest discovery is
crude petroleum oil in Washington
county, Florida. He has just returned
from a fifteen-days’ prospecting tour
in that state, and brought home with
him fine samples of -the oil, also the
shale that overcaps the oil, both oil
and shale burn freely, and the oil is
of a pretty red color. He states that
it is a natural geological oil formation
under shale. He leased and bought
1,000 acres of these oil lands, and
named the place where the discovery
was made Martha Washington, Wash
ington county, Florida.
Mr. Henderson has been exploiting
for minerals and oil for the past three
years. This has been his entire busi
ness, and with his recent discovery he
is satisfied of a fortune, and is one
of the proudest men of the country.
Mr. Henderson is near 70 years of
age, and with his discovery and in
vestment in the oil lands feels assured
that he has been paid in three years
time what thousands of men with all
their savings could accumulate in a
life time. He is indeed happy over
his discovery, and he, with two other
gentlemen in Tifton, who have bought
interests in his lands in Florida, are
preparing to begin boring for oil im
mediately after the holidays.
—The Leading Man —“What’s to be
done? We’ve got the wrong trunks.”
The Pessimistic Stage Manager—"Aw,
what of it? What difference will it
make to the hotelkeeper?”—Puck.
Fancy No. 1 12 c
Fancy No. 1 12V£c
Choice No. 2 12 c
Prime No. 2 11 c
Fair No. 5 10V4c
Ordinary No. 6 9 Vic
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. firm; dry flint,
17c; dry salted, 15c; green salted, 9Vic;
green, 7Vic.
WOOL—Firm; white prime, 25c;
prime Georgia, free of sand burrs and
black wool, at 23c; burry, 12@16c; wax,
28c;' tallow, 4V4c; 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, *1.5001.60
per barrel; hatr, 4@sc; cement, *l.lOO
I. carload lots, special. Portland ce
ment, retail, *2.0002.25; carload lots,
special.
LUMBER Rat'road ties, 27029 c;
hewn ties (7x9xBVS), 38040 c; hewn
ties (6xß), 26x28c; switch ties, *10.50®
11. easy yard stock, *11.00012.00;
car sills, *13.00@15.00: ship stock, *IB.OO.
OH*.
Perfection Signal Oil 42 0
Pratt’s Astral ig c
Aladdin Security ”!l5 c
Water White 15 c
Standard White 14V4c
D. S. Gasoline "ig "c
D. S. Gasoline in drums 14V4c
86 degree gasoline In drums 19V4c
Linseed oil, raw, 1 barrel lots ....45 c
Boiled linseed, 1 barrel lots 47 c
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.
b NAILS—Cut, *2.15 base; wire, *2.15
BARBED WIRE *2.85 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; thre*
pounds, *2.10; one pound. 75c; less 20
per cent, on smokeless.
Cotton BaxxlKK and Tie*.
BAGGING—Market firm; 144 nound
7V4@B4c; sea island bagging, 9U®9*“'
TIES-Standard 45-Inch arrow 94c
®*l.oo.
COTTON PICKING SHEETS— 22®
26c each.
TWINE —Per pound, or bank, 14®
15c.
nlcs, B@BV4c.
D. S. butts |k
D. 8. plates .'!,”6H
Western heavy bellies "su
Eastern light bellies ,'.!,*884
Eastern medium bellies *.'.BBi
Eastern heavy bellies ""oTJ
D. 8. C. R. sides
Smoked C. R. sides *...‘.'.'.9
LAUD —Pure, in tlerees, 'SO
- tins and 80-pound tubs, BUc"
compound, In tierces, 6e; 50-nound
tins and 80-pound tubs, 6V4c.
Mlscellaneaa*.
FlSH—Mackerel, halfbarrels. No
1, *10; No 2. *8.60; No. *. *B. k UI
1, *1.40; No. 2, *1*0; No. I. *u o ; cod
fish. 1-pound bricks, 6c; 2-pond bricks
I Vie; smoked nerrlngs, per box, 19020 c:
Dutch herrings, In kegs, $1 j 0; ,„ w
mullets, half barrels, (4.
HYRUP—Market quiet; Georgia and
Florida syrup, buying at 22®2tc; sell,
tug at 260-7 Vic; sugar house, a* 1(140
Uc.
WAX—2*c
HIGH WINES-Basis. III*.
11' < n EY—Dull; atralrsd, la barrels,
41 c cation.
OFFICIAL.
BIDS WANTED,
Office Director of Public Works
Nov. 22, 1904.—Bids will be received
at this office until Wednesday, Nov. 30
1904, at 12 o’clock noon, city time, by
the Streets and Lanes Committee,’ for
furnishing feed as follows:
No. 1 Timothy Hay, per 100 pounds
No. 2 Timothy Hay, per 100 pounds’
Best quality Mixed Oats.
All to be weighed at City Lot. En
velopes to be marked, “Bids for Feed.”
The city reserves the right to reject
any or all bids. Perference given to
party who can deliver feed from one
location. Bids to be opened in pres
ence of bidder.
PROPOSALS FOR SUPPLIES.
Sealed proposals will be received at
this office until Wednesday. Nov. 30.
1904, at 12 o’clock noon, city time, by
the Streets and Lanes Committee, ’ for
furnishing the city with supplies to be
purchased during the month of
December, 1904, such as Harness
Oils, Paints, Iron, Lime, Cement’
Brick, Hardware, Tools, Lumber and
such other materials as is used by
this department.
All proposals must be made on offi
cial forms, which can be had at this
office on or after this date.
Envelopes to be marked, “Proposals
for Supplies.’ The city reserves the
right to accept or reject any or all
bids. Bids to be opened in the pres
ence of bidder.
• GEO. M. GADSDEN,
Director of Public Works,
PROPOSALS,
Office of Savannah Water Works,
Savannah, Ga., Nov. 25, 1904.—Sealed
proposals will be received by the Com
mittee on Water Works at the office of
the Savannah Water Works until 12
o’clock noon Wednesday, Dec. 14, 1904,
for furnishing f. o. b. Savannah. Ga.—
1,500 feet of 12-inch Standard Cast
Iron Pipe; 1,000 feet of 8-inch Stand
ard Cast Iron Pipe; 4,000 feet of 6-
inch Standard Cast Iron Pipe; 4
Sxßx6-inch Tees, 5 12x12x6-inch Tees,
1 6x6xß-inch Tee. 1 12x12x12 Tee, 2
12-inch Ells. Bidders must state time
of delivery. Committee reserves the
right to reject any or all bids. En
velopes must be marked “Bids for
Cast Iron Pipe.”
I. U. KINSEY, Supt,
NOTICE.
City of Savannah, Office Fire De
partment, Savannah, Ga., Nov. 25,
1904.—Proposals will be received at
the office of the undersigned up to 12
o’clock noon of Wednesday, Nov. 30,
1904, for the removal of one hundred
(100) condemned telegraph, tele
phone. electric light and guy poles
(more or less) now in that section of
the city lying north of Park avenue,
between West Boundary and East
Broad streets. All bids must be sealed
and addressed to the Committee on
Fire.
The Committee on Fire reserves the
right to reject any and all bids.
JOHN E. MAGUIRE,
Superintendent.
SALE OF STALLS IN THE MARKET
City Marshal’s Office, Savannah, Ga.,
Nov. 10, 1904.—The stalls in the
market building will be offered for
rent at public outcry on WEDNES
DAY, THE SEVENTH DAY OF DE
CEMBER, 1904, at 10 o’clock, a. m.
Parties desiring to retain their
stalls and renting by the year will
have the preference, but must be on
hand and respond promptly.
By order Committee on Market.
HENRY E. DREESON,
City Marshal.
NOTICE.
City of Savannah, Office Clerk of
Council, Savannah, Ga., Nov. 15, 1904.
Parties desiring to retail liquor dur
ing year 1905 will file their applica
tions at once, so that same can be
read before Council in accordance
with city ordinance.
J. ROBERT CREAMER.
Clerk of Council.
LEGAL NOTICES.
IN the District Court of the United
States for the Southern district of
Georgia, Eastern division. In the mat
ter of John L. Mosely, bankrupt. In
bankruptcy. To the creditors ot John
L. Mosely of Lyons, in the county of
Emanuel and district aforesaid, bank
rupt: Notice is hereby given that on
the 28th day of November, A. D., 1904,
the said John L, Mosely was duly ad
judicated a bankrupt, and that the first
meeting of his creditors will be held
at No. 4 Bryan street, east, Savan
nah, Ga., in the office of the referee,
on the 9th day of December, A. D.,
1904, at 10 o’clock In the forenoon, at
which time the said creditors may at
tend, prove their claims, appoint a
trustee, examine the bankrupt and
transact such other business as may
properly come before said meeting.
Savannah, Ga., Nov. 29, 1904.
A. H. MAC DONHLL,
Referee in Bankruptcy.
C. W. SEALS, Attorney for Bank
rupt.
Magazines for December.
Price
Harper’s Monthly 35c
Scribner's Monthly 25c
Century Monthly 35c
Llpplncott'B Monthly ...25c
Book Lover’s Monthly 26c
Everybody’s Monthly 10c
Physical Culture 10c
Pearson's Magazine 10c
Red Book 10c
Alnslev's Magazine 15c
Metropolitan Magazine 15c
Ladies' Home Journal 15c
Leslie’s Magazine 10c
Smart Set Magazine 25c
McClure's Magazine 10c
Cosmopolitan Magazine 10c
Wide World 18c
For sale at
ESTILL’S NEWS DEPOT,
No. 18 Bull Street.
corner Bryan, No. 2 Bast,
* Savannah, Oa.
BOILER TUBES
J. D. WEED & CO.
OLD NCB'irAPIM, lit PO*,l*
eanta, at Duals— Ottsa. Morning
ifsws.