Newspaper Page Text
22
SPOTS DEMORALIZED
MARKET POSTED AS TOT QUOTA
BLE AT 1 O'CLOCK.
BUYERS BID 8 CENTS, G. M.
HOLDERS AT SEA AMD WAITING
FOR MONDAY'S DEVELOPMENTS.
Market Opened Quiet anil Unchang
ed From Close of Previous IJay—
Sales Posted Amounted to Hill
Bales—F. O. B. Branch Sold Sup
plies on Basin of 8 1-8 Cents for
Good Middling.
AT THE CLOSE.
FUTURES.
Liverpool, 8 to 9 points lower.
New York, 52 to 57 points lower.
New Orleans, s!* to 01 points lower.
SPOTS.
Liverpool, t> points lower.
New York, 40 points lower.
New Orleans, no quotations.
Savannah, no quotations.
The only thing that can be said of
the local cotton market yesterday is
that the opening was quiet and at un
changed prices from the day before.
The sales announced at the opening
were 613 bales. When the govern
ment’s estimate of the crop was made
public and traders saw the tremendous
slump that struck the futures markets
at New York and New Orleans, fur
ther business was practically over for
the day. In fact when the 1 o'clock
call came the spot market was posted
“demoralized, not quotable.”
After the break buyers were bidding
S cents for good middling, but so far
as Is known no sales were made hold
ers being at a loss for a basis on
which to work. This will be furnished,
it is expected on Monday, when it is
seen in what light Liverpool regards
the estimate.
The f. o. b. market was quoted
steady at 8% cents, basis good mid
dling. This was made at 1 o'clock p.
in. and was the basis of such business
ir. this branch of the trade as was done
in the late day.
SPOT COTTON MARKET.
The following were the official spot
quotations at the close of the market
at the Cotton Exchange yesterday.
: 1:00 [ Year
Grades. [ P. M. | Ago.
Good middling * >l2 5-16
Middling * 12 1-16
Low middling :♦ 'll 9-16
Tone ._. ;* i Quiet,
•Not quotable; “demoralized.
Sales yesterday, 613.
Exports—
Foreign 20,530
Foreign for -season 640,533
Last year 454,589
Coastwise
Coastwise for season 232.157
Last year 161,401
Receipts yesterday 12,195
Last year 7,667
Year before last 9,218
Receipts since Sept. 1 987,597
Receipts same time last year. 725,651
Stock yesterday 127,697
Stock last year 112^406
Receipts and Stocks at All Ports—
Receipts yesterday 65,886
Same day last year 54,905
Same day year before last 42,612
So far this week
Last year
Year before last
Receipts since Sept 1, 1904 4.67L363
|f st , year 4,061,010
Stock at all ports yesterday ...1,001,607
Stock same day last year 839,670
DAILY COTTON MARKET.
Port Movement—
Savannah—Nominal; net receipts 12 -
320; gross, 12.195; sales, 716; stock, 127,’-
697. Exports.—Great Britain, 8,780-
continent, 11,750.
Savannah—Deduct 239 bales from ex
port continent since Sept. 1.
Galveston—Weak; middling, Stic; net
receipts, 15,122; gross. 15,122; sales, 545;
stock, 211,000. Exports.—Continent,
371: coastwise, 1,691.
New Orleans—Net receipts, 17,807;
gross, 17,807; sales, 3,100; stock. 393,720
Exports.—Great Britain, 12,000: coast
wise, 3,000.
Mobile —Quiet; middling. 7%c; net
receipts, 1.609; gross, 1,609; sales, 3.700;
stock, 68,751. Exports.—Coastwise, 50.
Charleston—Net receipts, 867; gross,
867: stock. 35,667.
Wilmington—Nominal; net receipts,
2.054: gross, 2,054; stock, 14,504.
Norfolk—Net receipts, 2,904; gross
2,904; stock. 35,334.
Baltimore—Nominal; middling, B%c;
stock, 5,411.
New York—Quiet; middling,, 8.60 c;
gross receipts, 9.816; stock, 96.191.
Boston —Quiet; middling, 9c; net re
ceipts, 711; gross, 5,308.
Philadelphia—Easy; middling, 8.85 c;
net receipts, 25; gross, 47; stock, 2,191.
Exports.—Great Britain. 2,322.
Pensacola—Net receipts. 5.400; gross,
6,400. Exports.—Great Britain. 5,400.
Jacksonville—Net receipts, 381; gross,
881. Exports.—Coastwise, 381.
Port Arthur—Net receipts, 6.896;
gross, 6,896. Exports.—Great Britain,
6,896.
Newport News—Stock. 393.
Total to-day, at all ports—Net re
ceipts. 65,896; Great Britain. 35,398; con
tinent, 12.121: stock, 1,003,607.
Consolidated, at all ports—Net re
ceipts, 65,896; Great Britain, 35,398;
continent, 12.121.
Total since Sept. 1. at all ports—Nt
receipts, 4.677,363; Great Britain, 1,616,-
466; France. 1,616,446; continent, 1,212,-
697; Japan. 34,412; Mexico, 10,715.
Interior Movement—
Houston—Unsettled; middling. 8c;
net receipts, 8,852; gross. 8,852; ship
ments, 12.706; sules, 3.022: stock, 98.905.
Augusta—Net receipts. 2.476; gross,
2,548; shipments, 1,029; sales, 455; stock.
>2.724.
Memphis—Quiet; middling, 8c; net
receipts, 4,018; gross, 7,376; shipments,
5,358; sales, 1,400; stock, 137.274.
Bt. Louis—Easy; middling, B'4c; net
receipts. 800: gross, 4,740; shipments,
1,324: sales, 27.331.
Cincinnati—Net receipts. 1,255; gross,
I, shipments. 830; sales, 700; stock,
8,864.
Louisville—Firm; middling. BT6e.
Total to-day—Net receipts, 17,401;
gross, 24.771, shipments, 24,247; sales,
11, stock. 36,767.
Prices follow:
Fancy Florida* 21 @22
Extra choice Florida* 19<4(ft-20
Choice Florida* 18 ft 19
Fancy Georgias 20 6r2ot*
Extra choice Georgia* 19 @19%
Choice Oeorgias 17%@16
Extra fine Ga.'s and Fla.'a ...16 @l7
NEW YORK BEARS
SURPRISED BY FIGURES.
New Tork, Dec, B.—The cotton mar
ket was very active and excited to
lay. Liverpool, which 4u due to
•ome 1 point higher, wee I points
lewer at the hour of the local open
ing The local market opened irregular
U 4 eeey, at a deal me of 1011 points.
111 VIII
COTTON. STOCKS. BONDS, GRAIN
PROVISIONS AND COFFEE.
Direct Private Wires to AU Markets.
MEMBERS
New Orleans Cotton Exchange.
New Orleans Future Broker* Ass n,
New York Cotton Exchange.
New York Coffee Exchange.
Chicago Board of Trade.
Associate Member* Liverpool Cotton
Association.
Savannah Cotton EvcliangP*
J. M. McCORD, Manager,
104 Bay. East. Savannah. Ga.
Attention was. of course, directed ex
clusively toward preparing for the
government estimate a little after the
first hour and during the early trad
ing prices shot up and down so Irregu
larly that it was almost impossible to
keep track of the range of values. In
a general way, however, they averaged
between the opening and last night’s
close, with considerable covering in
progress.
As the hour of the report approach
ed, the market quieted down somewhat
and ruled around last night's prices.
Futures closed barely steady, with
prices net 52@57 points lower.
Before the government report was
issued prices h'ad worked down again
to the low point of the session. The
report when issued proved a distinct
surprise even to the bears, showing a
crop of 12,162,000 bales, exclusive of
linters, and prices broke about %c a
pound immediately following its pub
lication, regardless of the big declihe
that has taken place during the last
month.
SPOT COTTON AT NEW YORK.
New York, Dec. 3.—Spot cotton clos
ed quiet, 40 points decline; middling
uplands, 8.60 c; middling gulf, 8.85 c.
Sales, none.
_Cotton futures at New York, Dec. 3:
Options. | Open.l High.| Jx>w.| Close.
December . 8.34 I 8.47 7.80 7.01
January ... 8.50 8.55 7.80 8.00
February .. 8.62 8.62 8.28 8.10
March .. .. 8.70 8.71 8.18 8.20
April 8.72b| 8.30 8.29 8.25
May 8.80 I 8.31
June 8.32
July 8.80 j 8.84 8.35 8.35
August ■■ . s.69t>; 8.60 8.25 8.23
Futures opened easy; closed barely
steady.
WILD SCENES AT RING
IN NEW ORLEANS.
New Orleans, Dec. 3.—Cotton futures
steady; December, 7.78@7.79e; January,
7.84@7.85c; February, 7.91@7.93c; March,
8.01@8.02c; April, 8.07@8.09c; May, 8.14
@8.15c; June, 8.19@8.21c; July, 8.26®
8.28 c.
Spot Cotton—No sales to-day on
which to base quotations. Sales after
hours yesterday were 2,600, including
550 to arrive and 250 f. o. b.
A heavy slump marked the an
nouncement of the bureau report on
the Cotton Exchange to-day and a
wild scene followed around the ring.
In anticipation of a day of excitement
the floor and the galleries were filled
with ladies. The estimate of 12,162,000
was a surprise, marking by close to
a million bales the largest crop yet
raised. Prices fell from 48@58 points
within a few minutes after reading
the report and representing about $2.50
per bale. Many excited country bank
ers on the floor. They had been lend
ing money on a basis of 8c and above.
January tumbled to 7.83 c, March to
B.ooc and May to 8.13 c.
There were slight recoveries from the
figures, but in the battle at the ring
side prices fluctuated so rapidly that
long after 11 o’clock the market was
still in a highly troubled state. Only
the fact that the ginners' report had
indicated a bearish report, enabling the
bulls to protect themselves, saved the
market from a very much heavier
slump.
Futures opened unsettled and 9@14
points lower than last evening's finals.
January was 11 points lower, at 8.32 c,
advanced to 8.41 c, declined to 7.82 c and
finally gained 2 points to 7.84 c, a loss
of 59 points on the day. The market
closed steady, with net losses of 59®
61 points.
LIVERPOOL COTTON MARKET.
Liverpool, Dec. 3. 1 p. m.—Cotton-
Spot, good business done, prices 9
points lower; American middling fair,
5-00d; good middling, 4.78d; middling,
4.68d; low middling, 4.56d; good ordi
nary, 4.42d; ordinary, 4.26d. The sales
of the day were 10,000 bales of which
2,000 were for speculation and export,
and Included 9,500 American. Receipts,
62,000 bales, including 61,600 Ameri
can. Futures opened quiet and closed
barely steady; American middling,
good ordinary clause, December, 4.59d;
December-January, 4.59d; January-
February, 4.64d; February-March,
GOVERNMENT REPORT WAS
GREAT SURPRISE TO MANY
Cotton Prices Tumble Immediately in the New
York Cotton Exchange-
New York, Dec. 3.—The government
estimate of the cotton crop, placing
the yield at 12,162,000 bales, Issued to
day, was a surprise to more people,
perhaps, than any government report
of recent years. While a few of the
more extreme bears had been talking
12,000,000 bales or over, the average
opinion even In bearish circles locally
was that the government estimate
would be under that figure.
The announcement iva* followed by
another sensational break In prices.
The decline that has been In progress
now for over a month and carried the
market down from 11 cents to 8% cents,
proved Insufficient In the estimation of
the trade to fully reflect the new con
dition of affairs and a crop of the size
reported. There was undoubtedly a
big short Interest In the market, but
In spite of covering, price* declined
nearly half a cent In less than half
an hour of trading. January, which
was sold around 8.56 c during the fore
noon, was depressed to about B.loc,
and other months suffered tn like mens
ure. The market was very excited,
with trading exceedingly active.
The official close was barely steady
at a net decline of 52@57 points, with
January, which had closed on yester
day at 8.56 c, quoted at 8c and March
at 8.20 c. The buslnes* was enormous,
and In spile of additional wires secured
for the day by some of the houses,
there were many order* remaining un
executed after the close of the mar
ket, when sales footed up about 600,000
bales. This, It was said, led to a con
siderable volume of trading In an un
official way after the noon hour. Quo
tations on these transactions, so far as
DEMERE L HAMMOND, Brohers,
Phones 1505 Office No. 24 brygn street, bast.
COTTON, STOCKS, BONDS, GRAIN AND PROVISIONS
WrtOl I’rltat* Wires to Leading KictaangM
local sacuunui a smiAvn.
SAVANNAH MORNING NEWS: SUNDAY. DECEMBER 4. 1904
4.67d; March-April, 4.70d; Aprll-May,
4.72d; May-June. 4.74d; June-July,
4.75d; July-August, 4.76d.
DEMERE A HAMMOND’S
Cotton Letter from New Orlean*.
New Orleans, Dec. 3. —To-day’s mar
ket was a short, snappy and memo
rable session on the American ex
changes, made so by the publishing of
the Agricultural Department's esti
mate of the total number of bales pro
duced for the seasons 1904-1905. 12.162,-
000 bales. Round bales included in this
estimate and reduced to their equiva
lent in square bales, but the estimate
does not Include linters, which amount
ed to 196,000 bales last season. Detail
report by states' production of lint per
acre and net weight of bales on which
estimate was based, will be made pub
lic Monday at 12 o'clock, New Or
leans time; every inch of floor space
was taken up by the large member
ship of the Exchange, who were el
bowed and jostled by a large, inter
ested representation from the country,
as well as by a large sprinkling of
feminine sex. From the opening of
the market, which was about 7 points
lower than last night's closing, March,
8.53 c, against S.6oc, trading was of such
unusual heavy character that had the
day been a full session, the volume
of business transacted would probably
have surpassed all records. The esti
mate was announced from the “ros
trum" at 11 o'clock sharp, when the
market was about the highest of the
day, March selling at 8.53 c. The next
moment March was selling at 8.20 and
freely offered at an additional decline
of 6 points, when satisfied shorts be
gan to accept profits, all the distressed
cotton being taken care of, but with the
demand provided for the market con
tinued downward in search of anew
low level, March finally selling off to
Bc, and closing at B.olc. Under the
present conditions the world is not
prepared for a crop in excess of 12,-
000.000 hales, and unless farmers with
hold their cotton from the market,
prices may eventually work lower. In
making this estimate on the probable
yield, the Times-Democrat of New Or
leans arrived at 11,940,000 bales, after
allowing 500 pounds to the bale, but
had they figured net, as the govern
ment, their figures would have just
about that reached by the bureau esti
mate. Spots remained unchanged, but
are about %c lower to sell. Since the
bureau report the following Liverpool
cables have been received: "We ex
pect heavy decline to about 4;”
“Spinners have bought so freely late
ly that we expect that they will now
fall back on their stocks and take less
than their total consumption for the
present, possibly selling futures against
actual cotton.”
J. S. BATHE A CO.’S
Dally Cotton Loiter to Hayward,
Vick A Cos.
New York, Dec. 3.—lt is perfectly
safe to say that the government re
port just issued has surprised more
people than any report of recent years.
The authorities whose estimate were
closest to the crop of the last three
years, have been most out of the way,
while the English "experts,” who have
generally been 1,000,000 bales or so too
high, have learned the value of the
saying that by sticking to one side
the tide of luck will at last change.
We have not a word to say against
the report. Our correspondents had
reported the condition so faithfully
and so nearly in line with official ad
vices during the season that we may
be pardoned for having placed con
fidence in their estimates of the yield.
Needless to say we have anew low
level of prices. The readjustment that
has been going on in the relation -of
supply to demand has proved justified.
There are, of course, big short lines
to be covered, for it is our opinion that
all the large individual operators
went into the market this morning with
big lines of shorts outstanding.
Before expressing any opinion as to
the price justified by the crop, and
general condition, we shall require
more time for consideration. Speaking
roughly, we should say that while
there might be a temporary rally on
uny further decline as a result of cov
ering, the pressure of actual cotton and
the easier feeling among users as a
result of the estimate would lead to
an average trading level of between
7% and 8 cents.
WARE A LELAND .
Believe Another Ilrenk Will Come
Tht* Week.
New York, Dec. 3.—The report has at
last been received and is all that the
large crop men claimed for It. There
is no longer any doubt about the size
of the crop. The government says 12,-
162,000 bales without linters. This
may readily mean a crop of 12,500,000 or
could be learned, ranged within about
3 points of the closing figures. March,
It was reported, sold around 8.17 c.
PLAN THEY FOLLOWED
TO KEEP IT A SECRET.
Wilson Says the Same Caution Is Ob
served Every Time.
Washington, Dec. 3.—Preliminary re
turns to the chief of the Bureau of
Statistics, Department of Agriculture,
show a total production of cotton in
the United States In the year 1904-
1905, of 12,162,000 bales. Round bales
have been included in this estimate,
and reduced to their equivalent in
square bnles. The estimate does not
Include linters. The estimated produc
tion by states will be made public Dec.
5, at 11 a. in.
In the preparation and Issuance of
the cotton report. Secretary Wilson
g-ave a demonstration of the precau
tions taken to avoid advance Informa
tion leaking out. Representatives Bur
ge**. of Texas, and liansdcll, of Louisi
ana. were invited by the Secretary to
witness the preparation of the esti
mate. The party was locked In the
private office of the statistician and
the reports from all the cotton dis
tricts were taken Into the room. The
door* were locked from the outside and
the Secretary then gave orders for the
opening of the report.
The estimate of the crop for the year
1804-1905 was then prepared and sent
out before any person In the room was
permitted to leave or communicate with
any person from the out*ldc. "In tht*
milliner the cotton estimates are In
variably made," said Hei rciniy Wilson,
''and all human Ingenuity Is used to
prevent leaking of Information.”
over. There Is no doubt about the
size of the crop as far as the relation
to consumption goes. There Is over
production this year, and It simply
means that those who looked for a
moderate crop of 11.250,000 or there
abouts have been wrong, that there Is
more cotton than can be looked after
at 8% or 9 cents a pound, and prices
will have to go to a point where It will
be convenient and safe to store cotton
up against future needs. The situa
tion has been entirely changed by the
government figures. There can be no
bull market, except as conducted by
manipulation on an oversold technical
condition. The outlook last year wa6
the reverse of that of the present
time. Cotton will have to seek a level
where the price will not pay for pro
ducing it, and the planter will dimin
ish his acreage. We are likely to have
a further break next week.
Beaufort Sea. Island* at s©c.
Beaufort, S. C., Dec. 3.—Mr. G. F.
Ricker has recently ginned several
bales of sea island cotton for Col.
Thomas Martin, raised on his Spring
Island plantation, near Bluffton. Col.
Martin sold the first bale in Charles
ton for 50 cents per pound. This is
said to be the highest price paid with
in thirty yt'ars for this grade of cot
ton, and demonstrates the ability of
Beaufort county soil to raise the finest
kind of sea island cotton.
GENERALMARKETS.
New York, Dec. 3.—Flour—Market
dull and featureless; Minnesota pat
ent, $5.85@6.10; winter patents, $5.50@
5.90.
Rye flour—Firm, fair to good, $4.50®
4.75.
Buckwheat flour—Quiet, per 100
pounds, $2.15@2.25.
Corn meal—Steady; yellow Western,
$1.13@1.15.
Rye, nominal.
Barley, quiet.
Wheat—Spot, steady; No. 2 red,
$1.20%. Very cold weather West, with
little or no precipitation, led to further
strength in wheat to-day. Later the
price yielded to realizing and closed
partly %c net higher. May, $1.12%;
July, $1.03%; December, $1.17%.
Corn—Spot, barely steady; No. 2,64 c.
Options were quiet and barely steady
owing to favorable weather conditions.
Closed %@%c lower. May, 51%c; De
cember, 57c.
Oats—Spot, dull; mixed oats, 26@32
pounds, 34%@35%c. Options, nominal.
Beef—Firm; family, $10.50@11.50;
mess, $9.00@9.50; beef hams, $22.00®
23.00.
Cut meats —Steady; pickled bellies,
7%@8%c; pickled shoulders, 7%c; pick
led hams, 9@9%c.
Lard—Dull; Western steamed, $7.30;
December, closed $7.30, nominal. Re
fined, quiet; compound, 6%@5%c.
Pork-Quiet; family, $15.00@15.50;
short clear, $13.75016.50; mess, $13.25®
13.75.
Tallow—Quiet; city, $2 per package,
4%c; country, packages free. 4%@5c.
Rice —Quiet; domestic, fair to extra,
2%05%c; Japan, nominal.
Molasses —Steady; New Orleans, open
kettle, good to choice, 30@37c
Coffee—Spot Rio, quiet; No. 7 in
voice, B%c; mild, steady; Cordova, 10@
13c.
The m'arket for coffee futures opened
steady, at an advance of s@lo points,
and closed steady at an advance of
s@lo points. Sales, 31,750 bags.
Sugar—Raw, firm. Fair refining. 4%c;
centrifugal, 96 test, 4%c; molasses
sugar, 4c; refined, firm. Confectioners’
A, $5.30; mould A, $5.80; cut loaf, $6.15;
crushed. $6.15; powdered, $5.55; granu
lated, $5.45; cubes, $5.70.
Butter —Strong; creamery, common to
extra, 17@27c; state dairy, common to
exti 4 a, 15@25c.
Cheese—Firm, unchanged.
Eggs—Strong; Western, average best,
30c; Southerns, 22@30c.
Potatoes—Steady; Long Island, $1.75®
2.00; state and Western, $1.35@1.55;
Jersey sweets, $2.00@3.50.
Tallow—Quiet; city, 4%c; country,
4%®5c.
Cabbages—Steady; flat Dutch, per
100, $2.00®3.00.
Cotton by steam to Liverpool,
12@15c.
CHICAGO MARKETS.
Chicago, Dec. 3.—Official confirma
tion drought damage in Ohio as
shown by the state crop report em
phasized strength in wheat here to
day. At the close the May delivery
was up %c. Corn is down %@%c. Oats
are off %c. and provisions 2% to 7%c.
The leading futures ranged as fol
lows:
Opening. Highest. Lowest. Closing.
Wheat, No. 2
Dec. $ 1 09% $ 1 09% $ 1 08% $ 1 09%
May . 1 11 1 11% 1 10% 1 11%
July 99% 99% 99 99%
Corn, No. 2
Dec. 48% 48% 47% 47%
May 45% 45% 45% 45%
July 45% 45% 45% 45%
Oats, No. 2
Dec. 29% 29% 29 29%
May 31% 31% 30% 31
July 31% 31% 30% 30%
Mess Pork, per barrel—
Jan. 12 97% 12 97% 12 82% 12 85
May 13 22% 13 22% 13 10 13 15
I.ard, per 100 pounds—
Jan 7 00 7 02% 6 97% 6 97%
May 720 720 715 7 17%
Short Ribs, per 100 pounds—
Jan 6 62% 6 62% 6 60 6 62%
May 6 82% 6 85 6 80 6 82%
Cash quotations were as follows:
Flour steady; winter patents, $5.10®
5.20; straights, $4.80@5.00; spring pat
ents. $4.90®5.40; straights, $4.8004.90;
bakers', $3.5003.90; No. 2 spring wheat,
$1.0801.15; No. 3, $1.0301.12; No. 2 red,
$1.12%01.13%; No. 2 corn, 47%c; No. 2
yellow, 48c; No. 2 oats, 29c; No. 3
white, 30%c; No. 2 rye, 74c; good feed
ing barley, 38c; fair to choice malt
ing. 43049 c; No. 1 flaxseed, $1.15; No.
1 Northwestern, $123: prime timothy
seed. $2.70; mess pork, per barrel. $11.50
011.55; lard, per 100 pounds, $6.97%;
short ribs sides (loose), $6.62%®6.75;
short clear sides (boxed), $6.87%®?.00;
whisky, basis of high wines, $1.24;
clover, contract grade, $12.50.
Receipts Wheat, 39,600 bushels;
corn, 438,200 bushels; oats, 137,800 bush
els.
COTTON.
New York, Dec. 3.—The agricul
tural department estimates this year’s
cotton crop at 12,162,000 bales. It is
officially stated that this estimate does
not Include the production of. linters,
which Is probably not less than 3,000,-
000 bales. The figures, therefore, may
be accepted as indicating a minimum
of 12,600,000 and as in the case of rec
ord-breaking yields the department has
never failed to underestimate crop by
from 10 per cent, to 15 per cent., It I*
my opinion that for practical purpose*
to-day'* crop estimate may be taken
as indicating a commercial crop of at
least 12,760.000 bale*, and possibly 13,-
000.000. With such u supply it I* hard
to say how low cotton will go. It In
dicate* a visible surplus at the end of
the year of at least 2.000,000 bales of
American cotton, and such a supply
ha* never fallsd In the past to carry
prices considerably below 7 cent*, and
sometime* as low aa 5% cents. I aee
no reason why history should not re-
I prat Itself, and advise holder* to sell
as promptly aa possible and before
aplnner* fully appreciate the tremen
dous advantage they now occupy In
being able to make practically (heir
own prkwa for such *oon ae they
may have yet to purchase ''Signed,"
Theodor* H. Prtee. 4
SPIRITS MOVED UP
MARKET OPEYED AT ADVANCE
AND CLOSED STILL HIGHER.
ANOTHER GAIN AFTER CLOSE
WHEN ENOUGH TO MAKE MARKET
WERE SOLD AT 47 3-4 CENTS.
Receipts Very Light and Offerings
Correspondingly Scarce—Both New
York and London Showed Im
provement In Tone and Price.
Rosin Market Opened and Closed
Firm and Unchanged—Post Market
Sales Made at Quotations.
The spirits of turpentine market ral
lied yesterday for the first time since
the break in prices came about. The
opening was firm at 46% cents, an ad
vance of % cent above the closing of
the previous day, and the close was
firm at 47%c. The sales were quite
small, amounting to but 46 casks at
the opening and 50 at the close. In
the afternoon there was an even
greater improvement in prices, for
though but very few sales were made
these were on the basis of 47% cent*
and a sufficient number of casks were
sold at that figure to make the mar
ket at the opening to-morrow. The
receipts were very light, 470 casks, and
the shipments were but 60. Both Lon
don and New York showed an Im
provement in tone and price, the for
mer being quoted at 27 and the
latter at 50% cents.
The rosin market opened firm and
unchanged and closed firm and un
changed at the prices below. The
market was without special feature.
Sales at the opening were 2,813 barrels.
No sales were reported at the close.
In the post market trading sales were
made at quotations. The receipts were
1,841 barrels, and the shipments 386.
The New York market was quoted
easy at $2.90@2.92%.
NAVAL STORES STATEMENT.
The following are the figures and
quotation* of the naval stores mar
ket, as posted at the Board of Trade
Spirits. Rosin.
Stock April 1 6,495 44,550
Receipts yesterday 470 1,841
Receipts previously 154,152 459,282
Totals 161,117 505,673
Exports yesterday 60 386
Exports previously 127,782 450,617
Total 127,842 451,003
Stock yesterday 33,275 54,670
Stock previously 11,973 72,370
Yester- Day Be- Last
day, fore. Year.
Tone ~| Firm. Firm. Firm.
Spirits | 47% 46% 56~
Sales ..j 96 347 320
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 4.30 2.90
K. .. . 3.90 3.90 2.80
1 3.35 3.35 2.55
H 2.80 2.80 2.35
G 2.65 2.65 2.30
F 2.60 2.60 2.25
E 2.55 2.55 2.25
D 2.52% 2.52% 2.25
C, B, A 2.50 2.50 2.25
Sales .| 2,8131 1,913 406
IN OTHER MARKETS.
New York, Dec. 3.—Rosin—Firm;
strained, common to good, $2.90@2.92%.
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@40e per pair; three-quar
ters grown. 50®60c; hens, 75@85c.
EGGS—Country, 25c; Tennessee, 28c.
BUTTER—The tone of the market is
firm. Quotations: Extra Elgin, 60 tubs.
25%®>26Vic; choice Elgins, 23%@24%c;
New York state, 21%c; renovated but
ter 60-pound tubs, 23@23%c.
CHEESE—Market, firm; fancy full
cream cheese, 22@25-pound, 12V4@13c;
20@35-pound, 12Vi@12%c.
WHITE PEA BEANS—S2.4O bushel.
POTATOES —$2.00.
ONIONS—In sacks, $2.50.
SPANISH ONIONS—Per crate, $1.50.
CABBAGES—SI.SO crate.
TURNIPS—Per sack. $1.50.
ilrradilnll), 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.
Grain Markets.
QUANTITIES— Jobs. Cars.
No. 2 white corn 76 74
Mixed corn
OATS- ..
No. 2 mixed ......
No. 2 white clipped 51 49
bran — # _
Pure wheat bran $1.40 $1.35
Mixed bran 1-0 1-20
Cracked corn I- 55 1 - 50
HAY— on TK
No. 1 timothy 00 75
No. 2 timothy 80 80
Sugar.
cut loaf
XXxV powdered 6.07
Powdered ..
Fine granulated 0.92
Confectioners’ A 0..7
White Extra C
RlCE—Market dull, fancy head, 4Vi
@sc; prime, 3%&4c.
S?° r . 2%@3V4
Common 2*@3
t rolls and Nuts.
APPLES—S3.OO to $3.50 barrel.
BANANAS —$1.75@2.00.
qH^PKS —Malaga, $4.50@5.50; Ja
maica orange. $3.26.
FLORIDA ORANGES-$2.75®3.00.
PRUNES— 20s to 30, sls; 30s to 40s.
10c 40s to 60s, 8c; 60s to 60s, 7%c; 60s
tn7os 6%c; to 80s, 6c; 80s to 90s,
sue; 90s t* l°os. 4Vic.
PEANUTS— Ample stock, fair de
mand; market firm; fancy hand-picked
Virginias* "c; N. C. peanuts, 6Vic; ex.
Virginias. 6c.
NUTS -Almonds. Terragona, 14Vic;
Ivieas. 12Vic; walnutj, French. 12Vic;
Naples. 14VSC; pecans. 10c; Brazil*,
sue filberts. He; assorted nuu, 60-
noun and and 26-podnd boss* 12c.
Dried and Evaporated l iulta.
APPLES - Evaporated, 7Hc; aun
dried. 6%c.
APRICOTS— Evaporated, fancy, Uc;
choice. ICVAc.
RAISINS—L. L.. $-orown, ft s#; |.
crown. 8*0#; -crown clusters. |s.7|;
louse muscatells, 8c; 1-pound seeded,
it%c Imperial oabtnete, 18 per bos.
FBACiIES- Evaporated, peeled, Uc;
unpeels 1. Mk'
PEARS * vapor# ted. M% e .
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, SANITA RY PLUMBING GOODS. WROUGHT
IRON PIPE, FITTINGS* etc. All sup plies for STEAM. WATER and n”
6olc Agents for the celebrated HCXL EY VALVF.S.
Wool, Hides, Wax, Raw Furs and Skins.
Write for Prices.
D. KIRKLAND,
Good Resolutions
When made in good faith are commendatory. Strength to
carry out the resolution is essential. If you resolve to save a
part of your earnings you will find a savings account a source
of strength. A life of steady plodding and constant saving
NOW will insure a future life of ease and comfort.
The Oglethorpe Savings and Trust Cos.
8-10 BRYAN STREET, EAST, SAVANNAH GA.
HERMAN MYERS, President. JNO. M. BRYAN, Cashier.
JACOB PAULSEN. Vice Pres. ALLAN SWEAT, Accountant.
The Germania Bank,
SAVANNAH. GA.
CAPITAL. SURPLUS AND UN
DIATDED PROFITS. SSOO.JOQ
Transacts a General Banking
Business.
Deposits of one dollar and up
wards received In Saving* De
partment. Interest payable or
compounded quarterly.
HENRY F.LUN. President.
GEO. W. TIEDEMAN, Vice Pres.
JOHN M. HOGAN, Cashier.
WAITER F. HOGAN. Assistant
Cashier.
Turpentine—Firm, 50@50%c.
Charleston, S. C., Dec. 3.—Turpen
tine and rosin, nothing doing.
Wilmington, N. C., Dec. 3.—Spirits
turpentine quiet at 46c; receipts, 24.
Rosin firm at $2.45 bid; receipts,
245.
Tar firm at $1.80; receipts, 65.
Crude turpentine firm at $2.30 and
$3.60; receipts, 131.
New Orleans, Dec. S.—No naval
stores.
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
Week 1,995,722 1,438,876
Month 8,760,714 6,756,638
Since July 1 34,236,950 32,841,897
Where Shipped—
Foreign 2.274,444 2,761,524
Baltimore 8,880,838 4,309,882
Philadelphia 4,393,772 5,214,118
New York 17,823,640 9,545,222
Boston 600,531 1,167,206
Other ports 253,410 9,843,945
CITRON—A. S. drum, 14Vic; fancy
Corsician, In 10-pound boxes, 14Vic.
CURRANTS—BarreIs. 7c.
Coffee.
Java 24 c
Mocha 23Vio
Peaberry 13 c
Fancy No. 1 12 c
Fancy No. 1 12Vic
Choice No. 2 12 c
Prime No. 2 - 11 c
Fair No. 6 10V*c
Ordinary No. 6 #Vic
Common No. 7 '9 c
SALT—Car lots, 100 pounds burlap
sacks, 37c; 100-pound cotton sacks, 39c;
125-pound burlap sacks, 46c; 125-pound
cotton sacks. 48c; 150-pound burlap
sacks, 55c; 200-pound burlap sacks,
(Liverpool). 78c.
HlDES—Market, Arm; dry flint,
16Vic; dry salted, 14Vic; green salted,
9c; green, 7Vic.
WOOL—Firm; white prime, 25c;
prime Georgia, free of sand burrs and
black wool, at 23c; burry, 12@16c; wax.
28c; tallow, 4Vie; 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, 81.10®
I. carload lots, special. Portland ce
ment, retail. $2.00@2.25; carload lots,
special.
LUMBER Ral'road ties, 27@29c
hewn ties (7x9xßV*), 38@40c; hewn
ties (6xß), 26x28c; switch ties, $10.50®
11. easy yard stock, $11.00@12.00-
car sills, $13.00<@15.00: ship stock. SIB.OO.
Oils.
Perfection Signal OH 0
Pratt’s Astral jg c
Aladdin Security "*"’ls P
Water White 16 c
Standard White 1414,.
D. S. Gasoline c
D. S. Gasoline in drums 14Vic
86 degree gasoline In drums 19%c
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 Arm; refined. $1.90-
Swere. 4c.
NAILS—Cut, $2.15 base; wire, $2 15
base.
BARBED WIRE 52.85 per 100
pounds
GUNPOWDER Per keg, Austin
crack short $4.60 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. $2.10; one pound. 75c; less >0
per cent, on smokelese.
Cotton Hanging and Ties.
BAGGING—Market firm; 144 pound
7V*@7ic; 2-pound, B@BVic; sea island'
bagging, lOViffllc.
TlES—Standard 45-Inch arrow tie
@sl.oo.
COTTON PICKINO SHEETS 22®
26c each.
TWINE—Per pound, 01 hank, 14®
15c.
nice. B@sVfcc.
I). H. butte 514
D. H. plates *44
Western heavy bellies
Eastern light bellies '444
Eastern medium bellies '144
Eastern heavy bellies 144
D. ■. C R. elds ~,,5j7
Smoked C. R sides ..,,.$
LARD Purs. In tierces. t%e, 6C
peund tins and $0 pound tubs. |a ;
compound, la lienee, Ac, Mpouad
MILLS B. LANE, President.
GEO. C. FREEMAN, Cashier.
GORDON L. GROOVER, Asst. Cashier.
iWilizeisSofSiiii
Capital and Surplus SBOO,OOO
We Solicit the Accounts of
Banks, Firms, Corporations
and Individuals
Our patrons will receive cour
teous treatment at all times, and
every accommodation within the
range of prudent banking.
IDLE MONEY
deposited in the
Savings Department
—OF THE—
Chatham Bank
Is free from speculative danger*,
yields an Income a* large a* 1* con
sistent with conservative methods of
banking, and is at all times subject to
the control of the depositor.
LEOPOLD ADLER,' President.
T. M. CUNNINGHAM, JR., Vice Prea.
FRED. W. CI ARKF,. Cashier.
COURTNEY THORPE. Asst. Cashier.
4%
PAID ON DEPOSITS
—ln ths—
Savings
Department
COMMERCIAL RANK
of Savannah.
State Depository*
DEPARTMENT OF
SAVINGS
Southern Bank
of the State of Georgia.
ATTENTION IS REQUESTED TO
ADVANTAGES OFFERED TO DE
POSITORS IN THE DEPARTMENT
OF SAVINGS OF THIS BANK.
INTEREST PAID OR COMPOUND
ED QUARTERLY AT THE OPTION
OF DEPOSITOR.
JOHN FLANNERY. Pr*M<lent.
HORACE A CRANE, Vic* President
JAMES SULLIVAN. Cashier.
No. I*4®. Chartered I*S*.
The MERCHANTS NATIONAL BANK
OF SAVANNAH, GA.
UNITED STATES DEPOSITORY.
Capital *500.000
Burplua and undivided profit*. 127.000
Total 1*17,00*
Account# of Banka, Banker#, Cor
porations, Firm# and Individuals re
ceived upon favorable terms.
laauea Time Certificate# of Depoelt
bearing interest
Correspondence solicited
J. A. G. CARSON. President
BEIRNE GORDON. Vce Pre#ld#nt
W. M. PAVANT, Cashier.
tins and 80-pound tubs, 6>4c.
Mlscellant-oii*.
FlSH—Mackerel, halfbarrel#, No
1. *10; No 2, **.so; No. *, (8; kits. No.
1, *1.40; No. 2, *1.30; No. *, *UO; cod
fish, 1-pound bricks, c; 2-pond bricks,
6Hr; smoked Herrings, per bo*, lOQiZOe;
Dutch herrings. In kegs, *1.10; new
mullets, hslf barrels. *4.
MY RIJP—- Market quirt, Georgia and
Florida syrup, buying at 22#2tc; seal
ing at 2*o27Hc; sugar house, at I*HW
Uc.
WAX-Mc.
HIGH WlNEfi—Basle, lilt.
HOMEY—DuII, strati 4. In barrels.
Me gallon.