Newspaper Page Text
10
SLUMP IN PRICES
TOOK PLACE IX ALL BRANCHES OF
THE COTTON TRADE.
NEW LOW RECORDS MADE
AND FUTURES AT THE CI,OSE Bl'T
LITTLE ABOVE THE LOWEST.
Loral Spot Market Declined 1-8 ot
u Cent at Opening and Held That
Basis to the Close— Very Heavy
Sales Made Darina Early Tart ot
Day—Bayers Bid Below Quotations
in Bate Afternoon.
AT THE CLOSE.
FUTURES.
Liverpool, 7 to 11 points lower.
New York, to 17 points lower.
New Orleans, 1 to 21 points lower.
SPOTS.
Liverpool, 14 points lower.
New York, 20 points lower.
New Orleans, %c lower.
Savannah, 14c lower.
The element in the cotton trade that
favors higher prices for the staple had
another bad turn yesterday, as the re
sult of a further slump in the mar
kets, which was so pronounced as to
create r.ew low levels of prices for this
season. The crash was the more un
expected, too. as the last installment
of the ginners! report, which wa3 made
public about midday was less bearish
than had been generally anticipated.
Upon its first appearance prices ral
lied materially, but renewed pressure
on the part of the bear contingent and
Wall street, and an easier tone 10
Southern snot markets turned the
trend of prices again downward, and
the toboggan continued practically un
til the close.
The Savannah spot market opened
easy at a decline of %c, and maintain
ed this level during the whole day,
though the tone changed to steady at
the midday call and again to quiet at
the close. During the first part of
the day the demand was pretty active,
and sales were exceptionally large.
With the rise in futures following the
glnners' report holders were inclined
to ask better prices, but after the
slump that followed, especially in the
very late part of the day, buyers had
their inning, and as a rule, refused to
pay market quotations.
The tone, prices and sales for the day
follow:
| Onen-1 1 | Clos-
[ ing. [o'clock.; lug.
| Easy. [Steady.| Quiet.
Good middling ,| 9 I 9 [ :1
Middling |B% 8% !8%
Low middling ..1 J3% 18% | 83s
Sales f-<oT~| 1.tf1)4 | 200
Total sales yesterday, 2,650.
Time, 1 p. m., day before, 2.525.
The f. o. b. market opened steady at
9% cents, basis good middling, and
closed nominal at 9 cents. The amount
of business was comoaratlvelv small,
due to the fact that buyers and sellers
were 1-16 of a cent apart.
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 9 111%
Middling 8% 11%
Low middling 8% |lO%
Tone ~.~: Quipt7 Firm.
Sales yesterday, 2,650.
Exports—
Foreign 40,385
Foreign for season 620,186
Last year 351,469
Coastwise 394
Coastwise for season 226,196
Last year 151,310
Receipts yesterday g,963
Last year 6,148
Year before last 8,869
Receipts since Sept. 1 953,848
Receipts same time last year., 701,527
Stock yesterday 120,291
Stock last year 100,214
Receipts and Stocks at All Ports—
Receipts yesterday 62,963
Same day last year 53,998
Same day year before last 58,950
So far this week 275,680
Last year 268,172
Year before last 220,834
Receipts since Sept. 1, 1904 4,499,879
Last year 3,904,633
Stock at all ports yesterday.... 984,174
Stock same day last year 883,525
DAILY COTTON MARKET.
Port Movement —
Savannah—Steady; middling, B%q;
net receipts, 8,928; gross, 8,928; sales,
1,525; stock, 120,291. Exports.-i-Great
Britain. 14,047; continent, 26,338; coast
wise, 294.
Galveston—Easy; middling. 8 15-16 c;
net receipts, 12,755; gross, 12,755; sales,
1,200; stock, 196,945. Exports.—Great
Britain, 10,512; France, 9,951; continent.
10,238.
New Orleans—lrregular; middling,
B%c; net receipts, 30,169; gross, 31,127;
sales, 2,050; stock, 379,904. Exports.—
Great Britain, 4.500; continent, 7,689;
coastwise. 52.
Mobile—Easy: middling, B%c; net re
ceipts, 3,483; gross, 3,483; sales, 1,000;
stock, 63,581. Exports.—Coastwise, 1.-
153.
Charleston—Dull; net receipts. 1,113;
gross, 1,113; stock, 36,128. Exports.—
Coastwise, 80.
Wilmington—Dull; middling, B%c;
net receipts, 1,192; gross, 1,192; stock.
*1,932.
Norfolk—Net receipts, 4,979; gross, 4,-
979; stock, 50,723. Exports.—Continent
1,100.
Baltimore—Nominal; middling, 9%c;
gross receipts. 7,917; stock. 411. Ex
ports.—Great Britain, 4,302; France,
1,000; continent, 4.707.
New York—Quiet; middling, 9.30 c;
groH receipts, 4,964; sales. 1.000; stock,
86.546. Exports.—Great Britain, 7,852;
continent, 715.
Boston—Quiet; middling, 9.50 c; net
receipts, 325; gross, 2,623. Exports.—
Great Britain. 1,102.
Philadelphia—Quiet; middling, 9.55 c;
net receipts, 35; gross, 4,826; stock. 1,-
•25.
Brunswick—Stock, 15,839. Exports.—
Continent, 6.94 C.
Newport News—Stock, 252.
Total to-day, at all porta—Net re
ceipt#, 62,979; Great Britain, 42,317;
Fiance, 10,951; continent, 67,783; stock.
9*4.177.
Consolidated, at all porta—Net re
ceipts, 278,904; Great Britain, 115,351;
France 27.488; continent, 102,088; Ja
pan. 10,821. *
Total since gept. 1, at all ports—Net
receipts, 4.4*9,179, Orest Britain, 1,542.-
Ul; France. 348,887, continent. 1,171,222,
Japan, 34,412; Mexico, 10,751.
Interior Movement—
Houston—Steady; middling, *%c; net
receipts, 10,387 gross, 10,817; shipments,
iX*. salsa, 1,7*7, slock. IM.fU, I
HAYWARD. 181
COTTON. STOCKS. BONDS. GRAIN
PROVISIONS AND COFFEE.
Direct Private Wire# 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,
104 Bay, East. Savannah. Ga.
Augusta—Quiet; middling, 9c; net re
ceipts, 2,233; gross, 2,392; shipments,
656; sales. 9.000; stock. 94,187.
Memphis—Quiet; middling, 9c; net re
ceipts, 5,232; gross, 10,265; shipments,
9,771; sales, 2,300; stock, 131,866.
'St. Louis—Quiet; middling, 9%c; net
receipts, 1,900; gross, 4,786; shipments,
2,951; stock, 25,355.
Cincinnati —Net receipts, 1,331; gross,
1,331; shipments, 1,172; stock, 2,694.
Louisville—Firm; middling, 9%c.
Total to-day—Net receipts, 21,053;
gross, 29,131; shipments, 26,053; sales,
15,937; stock. 358,015.
SEA ISLAND COTTON.
Prices follows:
Fancy Floridas 21 @22
Extra choice Floridas 19%@20
Fancy Georgias .• 20
Extra choice Georgias 19 <S>l9Vi
Choice Georgias 17%@18
Extra fine Ga.'s and Fla.’s..Nominal.
Common Ga.'s and Fla.’s ...Nominal.
ANOTHER BAD TURN
TO COTTON MARKET.
New York, Nov. 30.—There was an
other very active and weak session in
the cotton market with prices reaching
new low levels for the season, in
spite of a sharp rally immediately fol
lowing the ginners’ report which show
ed a smaller amount of cotton ginned
to Nov. 14 than expected. Reports of
weakening spot market, however, and
continued bear pressure soon supplied
the demands of covering shorts and the
market sold lower after the report
than before it. Toward the close there
was enough covering to steady the
market, but prices were within 2 or
3 points of the lowest.
The opening was steady at an ad
vance of 2 points to a decline of 1
point, the gain being confined to the
December position. Sales were about
as due on the New York close of the
previous day, but private advices in
dicated a willingness to follow any
further decline. Heavy selling led by
Wall street parties brought about a
decline of B@l9 points before the cen
sus report was issued. Following the
report the list rallied some 27@30
points from the lowest, but almost
immediately weakened under con
tinued bear pressure. Shorts seemed
about the only buyers, and the demand
from this source was promptly with
drawn when it was seen that the re
port was leading to no material im
provement in the tone of the market.
In the late trading prices worked
down to below 9 cents for March and
to a net loss of 16@22 points on the
active months. The close was nom
inally steady at a net decline of 11(0)17
points on all positions except April
which was 6 points lower. Sales were
estimated at 800.000 bales.
SPOT COTTON AT SIW YORK.
New York, Nov. 30.—Spot cotton
closed quiet, 20 points decline; middling
uplands, 9.30 c; middling gulf, 9.55 c;
sales, 100 bales.
Cotton futures at_New York:
Options. I Onen.l High.l Low. Close.
November 8.90 b 8.76
December 8.95 9.02 8.73 8.76
January ... 9.02 9.13 8.82 8.86
February . 9.07 9.18 8.92 8.93
March 9.15 9.26 8.99 9.01
April 9.18 b 9.20 9.15 9.08
May 9.26 9.40 9.10 9.15
June 9.15
July 9.29 9.42 9.15 9.19
August 9.09 9.07 9.09
Futures opened steady; closed
steady.
BEARS IN^ONTROIT
AT NEW ORLEANS.
New Orleans, Nov. 30.—Cotton fu
tures quiet; December, 8.69 c; January,
8.75@8.76c; February, 8.84@8.86c;
March, 8.93@8.94c; April, 9.01@9.030;
May, 9.07@9.08c; June, 9.13@9.15c; July,
9.21@9.22c.
Spots irregular, but easier; sales 2,-
050 bales including 550 to arrive. Quo
tations %c lower.
Futures opened easier and 5 to 11
points lower influenced by lower Liver
pool. December and March on persist
ent hammering by bears developed
considerable weakness, losing 18 to 20
points.
The tone was weak and the bears
were apparently controlling the situa
tion. Little opposition was offered to
the downward trend and weak longs
seeing this, liquidated heavily. Quite
a flurry followed the posting of the
glnners’ report, prices advancing rap
idly for a few minutes. December gain
ing 20 points and March 22. This was
followed by another downward move
ment, which carried prices well below
last night’s finals. In the trading De
cember opened 5 points down at 8.83 c,
declined to 8.62 c, advanced to 8.94 c, and
finally declined to 8.67 c, other active
months showing similar changes. The
closing was quiet with net losses of
19 to 21 points.
LIVERPOOL COTTON MARKET.
Liverpool, Nov. 30.—Spot cotton
quiet, moderate business done; prices
14 points lower; American middling
fair. 6.25d; good middling, 5.03d; mld-
COTTON.
New York, Nov. 30.—The glnners' re
port shows that the equivalent of 9,-
756.646 square bales have been ginned
up to the Nov. 14. If this is even 85
per cent, of the crop, the Indicated
yield Is 11,500,000. For the past two
years, 85 per cent, of the crop has not
been ginned until Dec. 13. Admitting,
therefore, that this crop is a month,
earlier than either that of last year
of the year before which seems hardly
probable, we are confronted with the
certainty of 11,500,000 bales, and the
probability of 12.000,000. In the faco
of such figures. I think that any ex
pectation of an advance must be aban
doned, a* I have previously pointed
out, the only hope of an Improvement
was In the possibility that the gov
ernment would underestimate the yield.
In the face of the census figures it
must be admitted that a governmental
estimate of 11,760.000 would be an un
derestimate of from 500,000 to 750,000
-bales. In other words, I think the
tinners' report Indicates a crop of from
12.250,000 to 12,500.000, and expect that
cotton will go very much lower. Theo
dore Price.—ad.
DEMERE L HAMMOND. Brohers,
('hones 1505. Office No. 24 Bryan street, East.
COTTON, STOCKS, BONDS, GRAIN AND PROVISIONS
Vl raw Erl sate Wire* t |radius exchange*.
VOCAL MwOUlUl'tlOt A kt'UUUX
SAVAXXAH MORNING NEWS: THURSDAY. DECEMBER 1. 1904.
dllng. 4.93d; low middling, 4.81d; good
ordinary, 4.67d; ordinary, 4.51d. The
sales of the day were 8,000 bales, of
which 500 were for speculation and ex
port and included 7,600 American. Re
ceipts 6,000 bales including 1.000 Amer
ican. Futures opened easy and closed
quiet; American middling, g. o. c.:
December, 4.83d; December-January,
4.83d; January-February, 4.87d; Feb
ruary-March, 4.90d; March-April, 4.92d;
April-May, 4.94d; May-June, 4.96d;
June-July, 4.97d; July-August, 4.98d;
August-September, 4.96d.
WAttE A LKLAND
Say No Development C'nn Now Sar
orlse the Trmle.
New York, Nov. 30.—After what has
happened recently, traders were not
surprised to see January crash through
9 cents to 8.82 c this morning, nor were
they surprised to find March advanc
ing from 9 cents to 9.27 c after the
ginners. In fact, things are notv so
absolutely demoralized that nothing
would surprise the average trader.
Those who have been right on the crop
for years and who looked for less than
11,500,000 bales would regard a 12,000,-
000 bale report from Washington on
Saturday as entirely within the range
of reason. That is, they are so mis
taken in their ideas of the crop that
even a 13,000,000 bale yield would not
startle them now. In other words, it
looks as though this was a crop where
all the cotton data had to be disregard
ed. The conservative element Is grad
ually being educated to receive al
most anything on Saturday. That Is
one reason for the demoralization. They
won't buy until after the report on
Saturday. In the meantime the mar
ket is at the mercy of the bears. The
ginners’ report shows 9,786,000 bales
ginned up to Nov. 14. You can guess
what the crop is If the percentage is
known. Otherwise the figures are quite
valueless. That is we know the crop
is at least 10,000,000 bales; this is not
additional information.
J. S. BACHE A CO.'S
Dally Cotton Letter to Hayward,
Vlek A Cos.
New York, Nov. 30. —Prior to the
publication of the ginners’ report the
market this morning ruled very active,
excited and weak. There seemed to
be cotton for sale from all quarters,
and in spite of active covering and
buying for long account by certain
large operators, prices worked down
to a net decline of about 14 to 20 points
on the acti /e months. Liverpool had
shown a disposition to follow any de
cline led by the American markets,
and the nervousness of New Orleans
was thought to indicate a panicky con
dition among interior holders.
The census report when issued, show
ed that 9,786.646 bales, counting round
as half bales, had been ginned to Nov.
14, or just as we suggested yesterday.
The report was followed by even great
er activity. Shorts bought large blocks
of January and May and prices 30 min
utes after the report had shot up about
30 points from lowest. At this advance
early buyers began to take profits,
halting the upward movement. We
have yet to witness the effect of the
report on Southern and English senti
ment. We are working on our esti
mate which will probably be completed
to-morrow or Friday. Even if it should
show a crop of 11,500,000, or even if
the government should show as much
we believe the market Is low enough,
though should the South show further
weakness it will be hard to maintain
any advance secured solely on cover
ing.
FORTY THOUSAND
BALES OF COTTON.
Aggregate Amount of Month-End
Shipments from Savannah.
The usual heavy month-end ship
ments of cotton took place yesterday,
four steamships starting for foreign
ports carrying a little more than 40,000
bales of the staple, as follows:
Steamship Alberta—To Flume, 200
bales; to Venice, 300;. Trieste, 850, and
Barcelona, 6.095.
Steamship Indramayo—To Liverpool,
10,798 bales; Oporto via Liverpool, 400,
and to Manchester, 3,249 bales.
Steamship Aladdin—To Barcelona, 1,-
950 bales, and to Genoa, 3,656 bales.
Steamship Plnewood—To Reval via
Bremen, 100 bales; Gothenburg, 400
bales; Riga, 600, and Bremen, 11,787.
In addition to these shipments, the
Chatham took to Baltimore 394 bales,
making a total of shipments for the
day of 40,779 bales.
Spinners Well Slocked.
The following dispatch was received
from Liverpool yesterday by Messrs.
LeHardy & Cos.: “Spinners have %
large stock, but notwithstanding'a fair
Manchester 'business, we expect only
small spot markets In Liverpool for the
present, even if market declines or if
market is weak as we expect.”
YEAR’S BUSINESS OF '
THE COTTON EXCHANGE.
Report la Mnde by Olilelala at New
Orleans.
New Orleans, Nov. 30.—The annual
report of the board of directors and
Secretary Hester of the Cotton Ex
change was made to-day. It shows a
business in “spots,” "free on board”
and “costs, freight and insurance” of
1,300,000 bales, against 1,400,000 bales
last year, and 1,300,000 bales the year
before.
In futures the transactions more
than doubled the large business of
1902-1903, with New Orleans holding
its position in the front rank of the
great markets of the world.
Notwithstanding the decrease in the
receipts of cotton, due to lessened pro
duction in territory tributary to this
murket. New Orleans handled over its
wharves 22.24 per cent, of the cotton
crop of the United States, against 22.18
last year.
Complaint is mnde that the ex
change is still hampered by lack of
telegraph facilities to points in the
cotton belt, although remarkable re
sults have been obtained In the expe
ditious handling of messages between
New Orleans, and New York and Liv
erpool.
The annual election of the ex
change will take place Dec. 5.
SUCCESS OF UPLAND
LONG COTTON.
Southwest G,*orgln Planters F.nthu
slnst le Over It.
Valdosta, Oh., Nov. 30.—The success
that has been achieved by those who
planted upland long cotton this year
will cause many others to plant next
year if they can get the seed. The
staple is selling for 14 cents a pound
and over. Where ginned on a roller
SPIRITS DOWN AGAIN
MARKET CLEANED UP IX LATE
TRADE AT 4U% CENTS.
OPENING WAS UNCHANGED
BUT BREAK OF 1-4 CENT CAME
AT CLOSE OF MARKET.
Sales Pretty Large at Both Calls,
Aggregating for Market Day !><>
Casks—Factors View Clearing Up
of All Offerings us a Hopeful Sign
of the Future—Rosin Market Open
ed and Closed Firm But Commons
Sold Off In Late Trade.
The spirits of turpentine market
registered two more drops in price
yesterday, but as all offerings are un
derstood to have been cleaned up at
the decline in the post market trad
ing factors are Inclined to take a more
hopeful view of the situation believing
that the bottom may be in sight. The
market opened firm and unchanged
from the close of the previous day
and with reported sales of 473 casks,
and closed steady at 46% cents, with
further sales of 427 casks. After the
close the price sagged off another %
of a cent, but at this price the demand
was sufficient, it was stated, to take
care of all offerings. The receipts
were 636 casks, and the shipments 910.
The New York market was quoted dull
at 50% cents. London reported a quo
tation of 36—9.
The rosin market opened firm and
unchanged in prices except that D,
CBA had hardened to the outside
price of the previous day. The sales
were 2,269 barrels. The close was firm
and unchanged at prices below and
without additional sales. In the late
trading offerings were sold generally
at a decline of 2% cents on G, F, E
and of 5 cents on D, CBA, though in
one case the decline on the lowest
grades was 2% cents. The receipts were
2,540 barrels, and the shipments, 1,850.
New York was reported dull 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 l 6,495 44,550
Receipts yesterday ...... 636 2,540
Receipts previously 152,601 452,940
Total 159,732 500,030
Exports yesterday 910 1,850
Exports previously 126,547 445,605
Total 127,457 447,455
Stock yesterday 32,275 52,575
Stock previously 11,994 69,348
Tester- Day Be- Last
day. fore. Year.
Tone ,| Steady. [ Firm. [ Firm.
Spirits; 46% 47 | 56
Sales ,j 900 856 | 397
Tone ~| Firm. Firm. | Firm.
W. YV. 5.10 5.10 3.50
W. G. 4.75 4.75 3.25
N 4.50 -4.50 3.05
M. . 4.30 4.30 2.90
K. .. . 3.90 3.90 2.80
1 3.35 3.36 2.80
H 2.80 2.80 2.35
G 2.70 2.70 2.30
F 2.65 2.65 2.30
E 2.60 2.60 2.10
D 2.60 2.57%@2.60 2.10
CBA 2 57% 2.55@2.57% 2.10
Sales ■ 2,269 2,985 1.823
IN ofHER MARKETS.
New York, Nov. 30.—Rosin, steady;
common to good. $2.95.
Turpentine 'weak; 60@50%c.
Charleston, S. C., Nov. 30.—Turpen
tine and rosin, nothing doing.
Wilmington, N. C„ Nov. 30.—Tur
pentine steady at 46%c; receipts, 48.
Rosin firm at $2.50; receipts, 12.
Tar firm at $1.70; receipts, 50.
Crude turpentine firm at $2.30, $3.70
and $3.70; receipts, 83.
New Orleans, Nov. 30.—Receipts,
rosin, 84 barrels; turpentine, 62.
LUMBER MARKET.
Exports of lumber and cross-ties
from Savannah for the season begin
ning July 1, as posted at Board of
Trade:
Lumber. Steam. Sail.
Yesterday 322,150
Week 1,010,118 322,150
Month 7,775,110 5,639,912
Since July 1 33,251,346 31,725,171
Shipped—
Foreign 2,294,444 2,141,511
Baltimore 8,436,529 4,309,882
Philadelphia 4.194,005 5,214.118
New York ..17,500,731 9,048,509
Boßton 571,782 1,167,206
Other ports 253,410 9,843,945
grin, as sea Islands are, it brings 17
cents or more and competes with the
lower grades of sea island cotton.
While the quality of the staple and
the price of it gives tt big advantages,
the large yield per acre and the ease
with which it can be gathered, as com
pared with sea islands, is greatly in
Its favor. The yield here has been
from one to two bales to the acre,
which makes it more prolific than
either uplands or sea Islands. It is
as easy to raise as the uplands, but
it is easier than sea islands.
'Much enthusiasm has been created
among those who planted it this year.
The stapje where ginned upon a saw
gin was one and three-eights Inches
in length. The cotton will be used In
all of the finer yarns and will take
the place of the Egyptian staple right
along. It is said that the soil of this
section Is splendidly adapted to the
new staple.
GINNERS REPORT ON
THEIR WORK TO NOV. 14.
Washington, Nov. 30.—The census
bereau to-day Issued a report by
states and territories of the quantity
of cotton ginned from the growth of
1004 up to Nov. 14. showing that 29,611
ginneries had been operated this sea
son up to that time and that these had
ginned 9,906,067 running bales. Count
ing round bales as half bales the num
ber is 9,786,646.
To the same date last year, the run
ning bales ginned numbered 7,070,437,
which proved to be 69.4 per cent, of
the entire crop of the year. The gin
ning output In running bales, by
atatea for the preaent year, up to Nov.
14 was aa follows:
Alabama. 1,073,119; Arkansas, 666.-
431; Plot Ida. 10,291; Oaorgia, 1.(41,111;
Indian Territory, 121,111; Kentucky,
160; Louisiana. 171,170; Mlaalsalppl,
1 061,904 Missouri. 21.217. North Caro
lina, 9)0,711; Tennessee, lfl,ll7; Tasaa,
2,727,191, Virginia, 11,61 k
ERROR IN THE REPORT
SENT THE MARKET UP.
New Orleans. Nov. 30.—A ’ serious
error in the ginners’ report, made
either by the census department or
the telegraph company, affected the
cotton market to-day. It opened at
a decline of 8 to 11 points. On the
announcement of the report an ad
vance was made, covering a consider
able portion of the decline up to the
noon hour. Secretary Hester discover
ed the error and the report was found
to be more bearish by 119,000 bales
than at first appeared and December
declined 16, January 17 and March 18
points. There was a slight recovery
later.
Selling at the Market.
Amerlcus, Ga., Nov. 30.—Many plant
ers here are accepting present p es
for cotton, fearing the staple may go
lower. A great deal of cotton is held
in the country and in warehouses and
not a few planters are determined to
stick it out until next spring, while
others less courageous are closing out
their holdings since the recent slump
began.
GENERAL MARKETS.-
New York, Nov. 30.—Flour, dull
and lower; winter patents, $5.50@5.90;
Minnesota patents, $5.55@6.10.
Rye flour, firm.
Buckwheat flour, steady.
Corn meal, steady.
Rye, nominal.
Wheat, spot, firm; No. 2 red, $1.18%.
Under bull control practically all day
wheat was active and higher. It closed
%@l%c above last night. May, $1.11%;
July, $1.03%; December, $1.15%.
Corn, spot, steady; No. 2,64 c. Op
tion market opened easy, but rallied
eventually with wheat, closing partly
%c net higher; May, 51%c; December,
56%c.
Oats, spot, easy; mixed, 34%@35%c.
Options, nominal.
Beef, firm.
Cut meats, steady; pickled bellies,
"94@8%c; pickled hams, 9@9%c.
Lard, quiet; Western steamed, $7.35;
refined, easy; continent, $7.40.
Pork, steady.
Tallow, firm; city, 4%c; country, 4%
@sc.
Rice. firm.
Sugar, raw, firm; fair refining, 4%c;
centrifugal 96 test, 4%c; refined, firm.
Coffee, spot Rio, quiet; No. 7 In
voice, B%e: mild, firm.
The market for coffee futures opened
steady at a decline of 5 points and
closed steady at a decline of 10@15
points. Sales, 52,000 bags.
Potatoes, steady; Long Island, $1.75
@2.00; state and Western, $1.35@1.55.
Peanuts, steady.
Cabbages, steady; flat Dutch, per 100,
$2.0003.00.
Cotton by steam to Liverpool, 10@15.
Cheese steady, unchanged.
Eggs strong, unchanged.
Butter quiet.
CHICAGO MARKETS.
Chicago, Nov. 30.—Reduction in
American primary receipts caused a
strong wheat market here to-day. Re
ports of wet weather in Argentina
helped. At the close prices were ud
1%@1%c. p
Corn shows a gain of %c. Oats are
down %c.
Provisions are unchanged to 12%c
higher.
The leading future* ranged aa fol
lows
Opening. Highest Lowest Closing
Wheat, No. 2
Dec. ..1 06% 108 1 06% 1 07%
May ..1 08% 1 09% 1 08% 1 09%
July ... 97% 99% 97% 99
Corn No. i.—
Dec. . ~48% 48% 48 48%
May . ..45% 45% 45% 45%
July . .-45% 45% 45% 45%
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, 26c; Tennessee, 28c.
BUTTER—The tone of the market is
firm. Quotations: Extra Elgin, 60 tubs,
25%@26%c; choice Elgins, 23%@24%e;
New York state, 2114 c; renovated but
ter 60-pound tubs, 23@2314c.
CHEESE—Market, firm: fancy full
cream cheese, 22@25-pound, 12%@13c;
20@35-pound, 1214@12%c.
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 Groin.
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.
Urain Markets.
QUANTITIES— Jobs. Cars.
No. 2 white corn 76 74
Mixed corn 75 73
OATS- ..
No. 2 mixed 47 4o
No. 2 white clipped 51 40
bran—
Pure wheat bran *1.40 *l.3a
Mixed bran 130 1.20
Cracked corn L 55 *-6U
No! 90 75
No. 2 timothy
Sugar.
Cut loaf *-92
Cubes ••••v
XXXX powdered .07
Powdered ..
Fine granulated 5.92
Confectioners’ A 0..7
White Extra C 6.57
RlCE—Market dull, fancy head, 4V6
Common - ■••••;
Fruit* And Noti.
spplES—*3 00 to *3.50 barrel.
BAN AN AS —*1.7502.00.
GRAPES— Malaga, *4.50®5.50; Ja
..., orange, *3.25.
FLORIDA ORANGES—*2.7S®3.OO.
PRUNES—2OS to 30*. *l3; 30s to 40s.
./job to 50s, 8c; 60s to 60s, 714 c; 60s
in 70s 6%c; 70S to 80s, 6c; 80a to 80s,
90s to *•
PEANUTS— Ample stock, fair de
mand market firm; fancy hand-picked
Virginias. 7c; N. C. peanuts, 614 c; ex.
V NUTS—Almonds. Terragona, 14>4c;
Tvtcas. 1214 c; walnuto, French, 1214 c;
Naples, HHc; pecans, Joc; Braalla,
oiTc Alberts. 11c: assorted niy, 50-
oound 25-pound boxe*. 12c.
Dried and Evaporated Fruits.
APPLES Evaporated. 7Vic; eun-
Evaporated, fancy, 13c;
choice, 1014 c.
RAISINS— L. L.. *-crown, *l.*s; i
crown. *200; 4-crown clusters. *2.75;
loose muscatells. c; 1-pound seeded,
10%c; Imperial cabinet*. *3 per box.
PEACHES— Evaporated, pealed. l*c.
unpceled. IV’.
PKARS-Evaporatsd, 10\e.
CITRON—A. S. drum, 1414 c; fane*
Corel cion, in 10-pound box**, 1414 c.
CURRANTS —Barrels. 7e.
Coffee.
Java o
Mocha
I’eaberry ~..**
HIDES. WAX. FURS. SKINS.
Highest Market Prices Paid.
A. EHRLICH & BRO,, Wholesale Grocers and Liquor Dealers
THE CHASMAR KING SUPPLY CO^T
126-130 Bay Street, West
JOBBERS.
BATH ROOM FIXTURES, SANITARY PLUMBING GOODS. WROTTmre
IKON PIPE, FITTINGS, etc. All supplies for STEAM. WATER and GAk
Sole Agents for the celebrated HU XL KY VALVES. ““
Wool, Hides, Wax, Raw Furs and Skins,
Write for Prices.
D. KIRKLAND,
415 TO 421 ST. JU LIAN STREET, WEST.
Oats, No. 2
Nov .... .... 29%
Dec. . ..29% 29% 29 29
May . ..31% 31% 31% 31%
July .. .31% 31% 31 Vi 31%
Mess Pork, per barrel—
Jan. sl2 72% sl2 90 sl2 72% sl2 90
May 12 92% 13 10 12 87% 13 10
Lard, per 100 pounds—
Jan. 7 00 7 00 6 95 7 00
May 7 17% 7 20 7 07% 7 20
Short Ribs, per 100 pounds—
Jan. 6 52% 6 57% 6 50 6 57%
May 6 70 6 77% 6 67% 6 77%
Cash quotations were as follows:
Flour easier; No. 2 spring wheat, SI.OB
@1.14; No. 3, $1.02@1.12; No. 2 red,
$1.09%@1.U%; No. 2 corn, 50c; No. 2
yellow, 50%c; No. 2 oats, 29%c; No. 2
white, 32@32%c; No. 3 white, 30%@
31%c; No. 2 rye, 76c; good feeding bar
ley, 38c; fair to choice malting, 42@
51c; No. 1 flax 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), $6.75@6.87; whis
ky, basis of high wines, $1.24; clover,
contract grade, $12.25.
Receipts.—Wheat 118,000 bushels;
corn, 469,800 bushels; oats, 165,400 bush
els. ..■>,
COTTON SEED OIL.
New York, Nov. 30.—Cotton seed oil
was easier again, although demand was
active. Prime crude f. o. b. mills,
19%c; off summer yellow, nominal;
prime white, 30c; prime winter yellow,
30%@31c.
DRY GOODS MARKET.
New York, Nov. 30.—The dry goods
market shows appreciably the effect
of the decline in the raw material, a
decided cessation of buying being
noted in almost every direction. But
this condition has not been sufficient
to offset the admitted strength of the
statistical position which is causing
independence on the part of the seller
in many lines.
PETITION OF INCORPORATION.
GE©RGIA, CHATHAM COUNTY.—
To the SuDerior Court of said County:
The petition of A. B. Girardeau and
K. S. Girardeau, both of said county,
respectfully shows: ,
First. That they and such other
persons as may hereafter become as
sociated with them wish to be incor
porated for a period of twenty years,
with the privilege of renewal at the
expiration of that time, under the
name of the Johnson’s Chill and Fever
Tonic Company.
Second. That the object of the pro
posed corporation is pecuniary profit
and gain to its stockholders, and the
particular business they propose to
carry on is the manufacture and sale
of the preparation, known as Johnson’s
Fancy No. 1 12 c
Fancy No. 1 1214 c
Choice No. 2 12 c
Prime No. 2 11 c
Fair No. 5 1014 c
Ordinary No. 6 914 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
sacks. 54c.
HlDES—Market, firm; dry flint,
1614 c; dry salted, 1414 c; green salted,
9c; green, 714 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 80@85c a bar
rel; special Calcined plaster. *1.50@1.60
per barrel; hair, 4®sc; cement, *l.lo®
I. carload lots, special. Portland ce
ment, retail, *2.00®2.25; carload lots,
special.
LUMBER Railroad ties, 27@29c;
hewn ties (7x9x814). 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, *IB.OO.
Oils.
Perfection Signal Oil 42 0
Pratt’s Astral ,’i6 c
Aladdin Security [ls c
Water White [’ls c
Standard White 1444 c
D. S. Gasoline !ig c
D. S. Gasoline in drums !!l4V4c
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. B
IRON—Market firm; refined, *1.90;
Swere. 4c.
NAILS—Cut, *2.15 base; wire, *2.15
base.
BARBED WIRE *2.55 per 100
pounds
GUNPOWDER Per keg, Austin
crack short *4.50 keg; half keg. *2.50
quarter keg, *1.40; champion ducking
quarter keg, *2.25; Austin smokeless!
half kegs, *8.45, quarter, *4.30; three
pounds, *2.10; one pound. 75c; less 20
per cent, on smokeless.
Cotton Bagging and Ties.
BAGGING—Market firm; 144 pound
714@7%e; 2-pound, B@B%c; sea Island
bagging, 10146>11c.
TlES—Standard 45-lnch arrow, 94c
COTTON PICKING SHEETS-2-0
26c each.
TWINE-Per pound, or hank, 140
15c,
nica. B®B)4c.
D. S. butts is,
D. S. plates I* * *
Western heavy bellies !’." "su
Eastern light bellies RU
Eastern medium bellies !".”".!|2
Eastern heavy bellies
D. S. C. R. sides
Smoked C. R. sides ”'"9
LARD—Pure, In tierces, Bli’c";""fiO
pound tins and 80-pound tubs, 'sue
compound, in tierces, 6e; SO-nonnd
this and 80-pound tubs. 614 c. a
Miser Him
FlSH—Mackerel, halfbarrele
1. *10; No 2. *8.50; No. 3. *8; kits. No
1. *1.40; No. 2, *1.30; No. I. |u o ’ c „ d .
Ash, 1-pound bricks. *c; 2-pond bricks
6V4c; smoked nerrlngs, per box, 19020c'
Dutch herrings, In kegs, |1.10; new
mullets, half barrels, 14.
■YRUP—Market quiet; Georgia and
Florida syrup, buying at 22®*Sc; sell
ing at 2502714 c; sugar house, at 1(140
lie.
WAX-Mc.
HIGH WlNEß—Baals, 1121.
HONEY—DuII; strains!, U> barrels,
MS gallon.
Chill and Fever Tonic, the manufac
ture, purchase and sale of other patent
medicines and proprietary articles, to
own and dispose of patents, copyrights
and trade marks, and to purchase and
sell drugs, chemicals and such other
merchandise as they may find it de
sirable or profitable to handle.
Third. That the capital stock to be
employed by said corporation actually
paid in is the sum of $250,000. divided
into shares of $lO each, and they ask
that the right be given the said cor
poration of increasing said capital
stock from time to time, In any amount
not exceeding $500,000, and of similarly
decreasing same to any amount not
less than the sum first named, such
increase or decrease of capital stock
to bo in the discretion of Its board of
directors.
Fourth. That in addition to the
rights and powers above mentioned,
petitioners ask that said corporation
shall have the power to purchase, hold
and convey such real or personal prop
erty as it may find necessary or con
venient for the purposes and objects
of its business or to secure any in
debtedness to it; to make and issue
promissory notes, bonds or other evi
dences of indebtedness, and to secure
same by deed, mortgage or otherwise,
and generally to have, exercise and
enjoy all the rights, privileges and
powers incident and common to cor
porations under the laws of this state.
Fifth. That the principal office or
’place of doing business of said corpora
tion will be in the county of Chatham
and state of Georgia, but said corpo
ration asks the right to establish
branch offices in this or any other state
as its board of directors may deem
advisable for the transaction of the
business of said corporation.
Wherefore, petitioners pray that they
and their associates be incorporated
under the corporate name aforesaid,
for the term aforesaid, for the objects
and purposes aforesaid, and with the
privileges and powers aforesaid.
WILSON & ROGERS,
Petitioners’ Attorneys.
Original filed in office. Nov. 23, 1904.
JAMES L. MURPHY.
Dep. Clerk, S. C., C. C., Ga.
offIciaIT
ARREARS FOR GROUND RENT.
City of Savannah, Office City Treas
urer, Dec. 1, 1904.—The following lots
are in arrears for ground rent, of
which owners are hereby notified.
C. S. HARDEE,
City Treasurer.
Calhoun Ward—Lot 3, 2 qrs.; west
1-5 lot 4, 2 qrs.; east % lot 42, 2 qrs.
Chatham Ward—East 1-3 lot 10, 2
qrs.; west 2-3 lot 10, 2 qrs; lot 21, 2
qrs.; mid. 1-3 lot 27, 2 qrs.
Columbia Ward—North % lot 25, 2
qrs.
Crawford Ward —North % lot 21, 2
qrs.; lot 25, 2 qrs.; lot 26, 2 qrs.; lot
27, 2 qrs.; lot 35, 2 qrs.; northwest
part lot 68, 2 qrs.
Elbert Ward—West part lot 24, 2
qrs.; southeast part lot 24, 2 qrs.;
east 2-3 lot 29, 2 qrs.
Franklin Ward—Part lot 21, 2 qrs.;
lot 24, 2 qrs.; east % lot 27, 2 qrs.
New Franklin Ward—West % lot 1,
2 qrs.; lot 2, 2 qrs.; lot 9, 2 qrs.; east
% lot 14, 2 ars.
Greene Ward—Lot 7, 2 qrs.; lot 8, 2
qrs.; east % lot 11, 2 qrs.; south %
lot 16, 2 qrs.; south % lot 25, 2 qrs.
Jackson Ward —East % lot 13, 2 qrs.;
lot 27, 2 qrs.; lot 28, 2 qrs.
Jasper Ward —Lot 9, 2 qrs.; west %
lot 21, 2 qrs.; lot 24, ? qrs.; lot 37, 2
qrs.; lot 43, 2 qrs.; west % lot 46, 2
qrs.
Lafayette Ward—West % lot 7, 2
qrs.; lot 21, 2 qrs.; lot 22, 2 qrs.; lot
42, 2 qrs.
Monterey Ward—East % lot 18, 2
qrs.
Pulaski Ward—Lot 4, 2 qrs.; lot 5, 2
qrs.
Stephens Ward—Lot 16, 2 qrs.
Troup Ward—West % lot 2, 2 qrs.
Warren Ward —Lot 23, 2 qrs.
Washington Ward—North 1-3 of
south % lot 16, 2 qrs.; lot 32, 2 qrs.
All persons having interest In above
lots are hereby notified that if the
amounts now due are not paid to the
city treasurer on or before Dec. 14
Inst., I will proceed on the morning of
Dec. 15 to re-enter according to law.
HENRY E. DREESON,
City Marshak
Magazines for December.
Price
Harper’s Monthly 35c
Scribner’s Monthly 25c
Century Monthly 36c
Llpplncott’s Monthly... 25c
Book Lover’s Monthly 25c
Everybody’s Monthly 10c
Physical Culture 10c
Pearson’s Magazine. 10c
Red Book 10c
Ainsley's Magazine 15c
Metropolitan Magazine 15c
Ladies’ Home Journal.... 16c
Leslie's Magaztne 10c
Smart Set Magazine 26c
McClure's Magazine 10c
Cosmopolitan Magazine.. 10c
Wide World 10c
For sale at
ESTILL’S NEWS DEPOT,
No. 18 Bull Street,
corner Bryan, No. 2 East,
Savannah, Ga.
BRADFORD’S EVAPORATED
OKRA.
Make* the finest soups and gum
bo*. Sold by all leading grocers 6
cts. per box. M. Fer*t’* Son* & Cos.,
Wholesale Agent*.
ooe-*ntsou*a
*rai/ for onorrti'ea.Ol<.
p-rtuatorriuea. Whit-., uo.
at oral d>'bar(as, or n
iflamniattaii, Irritation ot
ter ration of tnurons mem
brsriM. Mun-uirloirut.
Hold by Dregs l *",
ll 00. or > bottlss. re
Circular cast so ft**
i. ~ '. J" 1 IJIJS.JI ■—
OLD NEWSPAPERS, 100 POE ••
cents, at Bualnaas Office, Morning
Mm