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10
SPOT PRICES HOLD
SO CHAXGE FROM SATURDAY’S
CLOSE IX EITHER TOXE OR PRICE.
FACTORS HAVE FIRM VIEWS
AXD SOME ARE MOLDING FOR
PRICED ABOVE THOSE QUOTED.
Interior Holders Generally Refuse
to Trade on Market Quotations in
F. O. B. Department—Some Sales
Reported on Slightly Higher Basis.
American Futures Markets Pretty
Steady Through Greater Part of
Day, Though Lower at Close.
AT THE CLOSE.
FUTURES.
Liverpool, 1 to 4 points higher,
lew York, 1 to 6 points lower,
lew Orleans, 1 to 4 points lower.
SPOTS.
Liverpool, 1 point lower.
Xew York, nnehanged.
New Orleans, unchanged.
Savannah, nnclianged.
The local spot cotton market main
tained its level yesterday, opening and
closing unchanged both In tone and
price from the close Saturday. Sales
reported at the opening were 280 bales
and at the close 513 bales. The de
mand continues good at quotations,
but many holders refuse to sell at
these prices.
The tone, prices and sales for the day
follow:
Open- | 1 IClos-
ing. lo'clock.] ing.
| Quiet. [ Quiet. Quiet.
bood middling 7% 7%
Middling 7% 7% 7%
Low middling . 7'4 7H 7%
Sales | 793 | 513^
Total sales yesterday, 793.
Time, 1 p. m., day before, 280.
The f. o. b. market opened and
closed steady at 7% cents, basis good
•middling, and with a fair demand at
this figure, but the interior continues
Ifirm and very little business was done
at this basis, though some lots were
Sold on a slightly higher basis.
In the futures markets Liverpool ca
bles at the opening of the American
markets were disappointing though
prices in the English market improved
before its close. In spite of this,
however, the New York and New Or
leans markets held pretty steady dur
ing the day, owing to the influence of
the firm spot situation in the South.
Before the close prices were depressed
so that the close at New York was at
e net loss of I to 6 points and that at
New Orleans of 1 to 4 points.
SPOT COTTON MARKET.
The following were the official spot
liuotatlons at the close of the market
Bt the Cotton Exchange yesterday.
1:00 Tear
Oradee. P. M. Ago.
Good middling 744 12V*
Middling TV4 12
Low middling 7V4 11 V$
Tone Quiet. Steady.
Sales yesterday. 793.
Exports—
Foreign 13,161
Foreign for season 689,504
Last year 507,219
Coastwise 5,666
Coastwise for season 249,366
Last year 170,124
Receipts yesterday 9,924
Last year 9,606
Year before last 6,623
Receipts since Sept. 1 1,055,804
Receipts same time last year.. 783,379
Stock yesterday 129,759
Stock last year 108,781
Receipts and Stocks at all Ports—
Receipts yesterday 49.890
Same day last year 53,015
Same day year before last .... 43,504
So far this week 119,077
Last year 92,732
Year before last 89,195
Receipts since Sept. 1, 1904 ...5.102,983
Last year 4,424,307
Stock at all ports yesterday .. 968,103
Stock same day last year 896,858
DAILY COTTON MARKET.
(Port Movement:
Savannah—Quiet; middling, 7V&; net
receipts, 9,893; gross, 9,924; sales, 280;
stock, 129,759. Exports—Great Britain,
12,686; continent, 475; coastwise, 5,666.
Galveston—Quiet; middling, 7 7-16; net
receipts, 15,307; gross, 15,307: sales, 754;
stock, 188,774. Exports—Great Britain,
18,999; continent. 453; coastwise, 6,236.
New Orleans—Steady; middling, 7%;
net receipts, 17,695; gross, 17,695; sales.
3,400; stock, 384,656.
iMobile—Firm; middling, 7%; net re
ceipts, 2,386; gross, 2,386; sales, 900;
stock, 64.639.
Charleston—Quiet; middling, 7%; net
receipts, 592; gross, 592; stock, 29,234.
Exports—Coastwise, 164.
Wilmington—Nominal; net receipts,
176; gross, 176; stock, 1,860.
Norfolk—Net receipts, 2,892; gross,
2,892: stock, 37,317.
Baltimore —Nominal; middling, 7%;
gross receipts, 340; stock, 7,645.
New York—Dull; middling. 8; gross
receipts, 6,942; sales, 1,100, stock, 102,-
425.
Boston —Dull; middling, 8; gross, re
ceipts. 1,322.
Philadelphia—Quiet; middling. 825;
net receipts, 3; gross, 3: stock, 4.209.
Newport News—Gross receipts, 697;
Exports—Great Britain, 697.
Brunswick—Stock, 17,585.
Total to-day at all ports—Net, 49.-
880; Great Britain, 32,380; Continent,
928; stock, 968,103.
Consolidated at all ports—Net, 119,071;
Great Britain. 65,548; France, 15,000;
continent, 84.433.
Total since Sept. 1. at all ports—
Net, 5,102,983; Great Britain, 1,820,756;
France, 390,453; Continent, 1.371,612;
Japan, 37,988; Mexico, 12,364.
Interior Movement:
Houston—Quiet; middling. 7%; net
receipts. 10,960; gross, 10,960: ship
ments, 16,540; sales, 1,089; stock, 98,-
586.
Augusta—Steady; 711-16; net re
ceipts, 2,168; gross. 2,403; shipments.
1,526; sales, 419; stock, 94.263.
Memphis-Quiet; 7 11-16; net receipts,
5,289; gross, 11,045; shipments, 8,831;
sales, 11,650; stock, 140,301.
St. Louis—Quiet; 784; net receipts,
700; gross, 5,479; shipments, 4,876;
sales, 100; stock, 31,211,
Cincinnati—Net receipts, 1,246; gross,
1,246. shipment. 1,101; stork, 3,160
I^oulsvills—Firm; middling, 6.
Tot si to-day- Net receipts. 120,313;
gross, 31,188, shipments, 32,886; sales,
8,258, stock. 367,521.
■ 9<U ISLAND < OTTOS.
Prleas follow:
Fsi.'-y Florida# ..,,,,,,,,,,.,..81 *22
Extra choice Florida#
Choice Florid## 16 ft#
Fsiuy Georgia# 20 #2OU
Exits choice Georgia* ~,,,,,,16 #l9V>
t'hoU* Georgia# 17U*tg
** ,r * •*>* Ge.’e and Fls's .. id JIT
SEA ISLAND COTTON
AT LOWER PRICES.
The sea island cotton market of Sa
vannah is now at a lower basis of
prices than was quoted at the close of
the trade week ending last Friday.
At that time the prices quoted were
only nominal, but since sales have
been made at concessions. According
to one member of the trade this mar
ket seems to have received a sympa
thetic shock from t'he decline in upland
cotton even though there is no reason
that such should be the case.
The movement of sea island to the
market has been quite free, according
to this authority, there is no reason
to believe that the crop is larger than
the estimates of its size that have been
current and the stocks of the staple
at interior points are practically noth
ing as compared with those at the
same period last year. It is stated
also that the quality of the cotton now
coming to the market is not quite up
to the standard of that in the early
part of the year.
It is said to be a curious fact, but
one that is nevertheless true and prov
ed by close attention to the matter
for some twenty years, that in this
matter Of deterioration of sea island
staple the causes whatever they are
that produce it are potent always at
the same time in affecting the qual
ity of Egyptian cotton, so that in the
markets for that cotton the same in
equality of staple as compared with
first receipts this season is to be no
ticed.
In the local market the recent busi
ness has been chiefly in Georgia cot
ton. Prices follow:
Fancy Floridas 20 @2l
Extra choice Floridas 19 @l9*£
Choice Floridas 16 @lB
Fancy Georgias 19 @i9Vi
Extra choice Georgias 18 @IBV4
Choice Georgias 16 @
Extra fine Ga.'s and Fla.'s ...14 @ls
BIG PORT RECEIPTS
DISCOURAGED BUYERS.
New York, Dec. 12.—The cotton mar
ket was quiet and irregular with final
prices showing slight losses as com
pared with Saturday. The opening was
steady at an advance of 1 point on
April, but generally 2 to 4 points
lower, which was better than due on
the cables. On the New York close of
Saturday Liverpool should have re
ported an advance of 2@4 points, but
at the hour of the local opening this
morning was about unchanged to 2
points lower, with private advices in
dicating generally bearish sentiments
and absence of support. Here the
large exports reported on Saturday
and cominued talk of firm interior
spot holders served to offset the bear
ish leadership of the English market,
and there was considerable demand
from shorts. Prices slowly worked
upward meeting with many partial
reactions until at midday they were
about 4to 6 points net higher. In
the afternoon the large estimates for
to-morrow's port receipts seemed to
discourage buyers; there was a renewal
of pressure and with early buyers
liquidating, the market slipped off to a
little under the opening figures. Prices
were finally at about the low point of
the session, but steady at a net loss of
I@6 points.
Sales were estimated at 200,000 bales.
SPOT COTTON AT NEW YORK.
New York, Dec. 12. —Spot cotton
closed dull; middling uplands, 8c; mid
dling gulf. 8.25 c; sales, 1,100.
Cotton futures at New York:
Options. fOoen.MHigh.| Low. Close
February .. 7.50 b 7.58 7.52 7753"
January ... 7.60 7.69 7.59 7.60
February .. 7.65 b 7.67
March 7.78 7.87 7.70 7.77
April 7.87 7.87 7.87 7.82
May 7.89 7.98 7.88 7.57
June 7.95 7.97 7.95 7.89
July 8.00 8.08 7.99 8.01
August ■■■■ 7.92 b 7.98 7.98 7.97
opened steady; closed
steady.
BULLS AND BEARS
DIFFER ABOUT HOLDING.
New Orleans. Dec. 12.—Cotton fu
tures steady: December, 7.4706.49 c;
January, 7.5307.54 c; February, 7.610
7.63 c; March, 7.69 c; April, 7.7407.76 c;
May, 7.8207.83 c; June, 7.8607.88 c;
July. 7.9107.93 c.
Spot cotton steady; sales, 3,400 bales,
Including 1,000 to arrive. Quotations
unchanged.
Futures opened steady at from 3 to
4 points down. Trading was very
light and the fluctuations narrow. The
covering by weak shorts was the only
feature developed during the day.
January opened 3 to 6 points down at
7.52 c, sold up to 7.60 c and finally re
ceded to 7.53 c. A large majority of
the bear element placed little credit
upon the reports that many planters
in the belt have agreed to hold their
crops. On the other hand, bull lead
ers continue to argue that If planters
only adhere to their promise and re
fuse to allow their cotton to go for
ward that higher prices in the near
future are a certainty. The local mar
ket closed steady, net losses 1 to 4
points.
, LIVERPOOL COTTON MARKET.
Liverpool, Dec. 12.—Spot cotton in
moderate demand, prices 1 point lower;
American middling fair. 4.51d; good
middling, 4.27d; middling, 4.17d; low
middling, 4.05d; good ordinary. 3.01d;
ordinary, 3.75d. The sales of the day
were 8,000 bales of which 1,000 were for
speculation and export, and included
7,500, American; receipts none.
Futures opened quiet and steady and
closed very steady; American middling,
good ordinary clause: December,
4.lid; Deccmber-Janunry, 4.lid; Jan
uary-February, 4.16d; February-March,
4.20d; March-April, 4.20d; April-May,
4.26d; May-June, 4.29d; June-July,
4.31d; July-August, 4.34d; August-Sep
tember, 4.34d.
J. S. RACHR Jt CO.'S
Dally Cotton Letter to Hayward,
Vick A Cos.
New York. Dec. 12. —Liverpool did
not show much eagerness to follow the
strength exhibited here on Saturday,
advancing first only 2 points, which
were promptly lost. Buying orders
from this side, however, gave that
market anew impulse and closed It
3 or 4 points higher than Saturday.
There was considerable support here
from an element hitherto bearish, and
throughout the morning, prices were
quite steady. Some telegrams were
received reporting considerable spot de
mand, a general absence of pressure
to sell. Outside Interest was light
and towards the end of day prices
gradually eased off and closed 2 to 3
lower than Saturday. A week has
passed since the bureau estimate with
out any great pressure of cotton from
the Interior, while the steady demand
from exporters ms well a* from mid
dlemen, who are filling contracts "call
ed" on the decline, has been sufficient
to hold th* market at about one-eighth
DEMERE L HAMMOND, Brokers,
Phones 1)05. Office No, 24 Hiytn street, hkit,
COTTON. STOCKS, BONDS, CHAIN AND PROVISIONS
IMrmm Private Wire* ut larakiug A*fceugee
tAW AA WMJLMJI f*o * M'kOibn.
SAVANNAH MORNING NEWS: TUESDAY. DECEMBER 13. 1904.
HI 1 1 1
COTTON. STOCKS. BONDS, GRAIN
PROVISIONS AND COFFEE.
Direct Private Wires to AU Market*.
MEMBERS
New Orleans Cotton Exchange.
New Orleans Future Broker* Asa a.
New York Cotton Exchange.
New York Coffee Exchange.
Chicago Board of Trade.
Associate Member* Liverpool Cotton
Association.
Savannah Cotton Exchange.
J. M. McCORD, Manager,
104 Bay, East. Savannah. Ga.
to three-sixteenths above the low point
touched. Liverpool seems to be the
weak element Just now, just as it was
the strongest factor for many months
past. This is easily understood since
Manchester is generally reported to
have contracted for at least 80 per
cent, of its full years needs at prices
well above 9 cents. It is but na
tural that spinners should hold off and
try to get the balance as cheaply as
possible, in order to bring down the
average, and especially as they are in
such an excellent position to wait.
One feature which is not encouraging
to the maintenance of higher prices,
is the liberal stocks everywhere, the
excess of American cotton over year
is as follows: United ports, 63,000;
United States interior towns, 240,000;
Liverpool and Manchester, 205,000, and
the continent. 100,000. So far, in round
figures, the amount brought in sight
is 1,000,000 greater than last year, but
if the crop is to 2,000,000 greater, the
consumer immediately figures that
still another 1.000,000 in excess, re
mains in farmers' hands, hence there
is no necessity for haste in securing
the balance of needed silppltes. The
market here is being held up by a cer
tain element, who have been conspic
uous on bear side, and which still talks
of 7 cents for January in the near
future.
Liverpool is due to come 1 to 2 lower
in the morning.
WARE A I,ISLAND .
Say Boars Who Stay In Market Will
Lose Money.
New York, Dec. 12.—The situation
shows little change. Southern holders
are still demanding prices higher ap
parently believing that the mills will
pay more, and the spot situation is the
sustaining feature in the market.
There appears to be little effort on
the part of speculation to determine
prices or to try to force liquidation
of spot holdings. Mills, while unwill
ing to buy spots very freely do pro
tect themselves by buying futures
when they get too far below a parity
with Southern spot markets and this
makes a form of long account that is
exceedingly difficult to shake out.
Liverpool evidently takes a bearish
view of the situation and this morning
came about unchanged to 2 points low
er when due to come 2 to 4 up. The
local market barely responded to this
showing with an opening decline of 1
to 4 points. There was considerable
covering and later prices were a lit
tle over last Saturday’s close. Smaller
shorts are disappointed by inaction
of the big bear leaders and are also
worried over the strong front shown
by the South in the matter of market
ing, while the big exports on Saturday
amounting to about 113,000 bales tends
to revive talk of an enormous de
mand. On the whole the market shows
the disposition to increase offerings on
advances and to buy on declines.
Pending some change in the attitude
of the market, we expect the balance
of the crop to be marketed by fits and
starts and this in connection with
speculative uncertainty should give us
a good scalping market with fluctua
tions broad enough to be attractive.
DEMERE & HAMMOND'S
Cotton Letter From New Yorlt.
New York. Dec. 12.—A1l things con
sidered the market this morning, show
ed more strength than might have rea
sonably been expected after the sharp
break of Saturday. The collapse to
about to the low point of the previous
break would have started a wave of
liquidation and a break, but as it was
January sold to 7.59 c, instead of 7.60 c,
the low a week ago, and this brought
about buying by a great many who
will be buyers on all declines until
January and other options weaken iq
to new ground. On any advance these
buyers will take profits, but they will
not be found on the selling side un
der S cents in New York, until there
is more cotton available, and no fear
of a sharp rally. On the other hand
there is a large number, who have
made money on the short side, and this
number will continue to sell short at
all times until they begin to lose mon
ey. It was so with the bulls last
year. At 15 cents conservative people
got out and quit. Those who stayed
lost their money. The bears who quit
will have their money. Those who
continue will lose before the season
is over just as the bulls, who over
stayed the market last year. It is
likely to be a narrow market.
GENERAL MARKETS.
New York, Dec. 12—Flour quiet and
lower to sell.
Rye flour steady.
Buckwheat flour quiet.
Corn meal steady.
Rye nominal.
Wheat—Spot easy; No. 2 red. $1.1614c.
Wheat options declined a cent this
morning, rallied at noon, but yielded
later, closing 1% lower; May, $1.1114;
July, $1.0214; December, $1.1514.
Corn—Spot quiet; No. 2,62 c. Market
was exceedingly dull, closing He net
lower; May, 50%c; December, 55c.
Oats—Spot dull; mixed, 34%®35%c.
Beef steady.
Cut meats quiet; pickled bellies, 714
@Bc.
Lard quiet; refined quiet.
Pork steady.
Rice quiet.
Sugar—Raw firm; refined firm; No.
13, $4.55; No. 14. $4.50.
Coffee—Spot Rio firm; No. 7 In
voice B%c; mild, steady; Cordova,, 100
13c. The market for coffee future*
opened steady at unchanged prices to
an advance of 5 points. The market
closed unchanged on October and No
vember and 6 to 10 points higher on
other positions. Sales. 75,500 bag*.
Potatoes, steady; Long Island $1.75®
2.00; state and Western, $1.3501.65,
Jersey sweets, $2.0003.50.
Cabbage, easy; flat Dutch per 100,
$2.0003.00.
Peanuts, steady.
Cotton by steam to Liverpool. 12®
16c.
Butter, steady; creamery 15®27%c;
state dairy 16025 c.
cheese, quiet arid firm; state Mill ull
colored I2e. September white ll%< .
Egg*, steady. slate Pennsylvania
and nearby, 38010 c; Southern, 22030 c.
CHICAGO MARKETS.
Chicago, Dec. 12. —Enormous receipts
PRICE DIDN’T HOLD
SPIRITS MARKET CLOSED UN
CHANGED, BUT WENT LOWER
LATER.
ROSIN MADE LITTLE CHANGE
IN LATE TRADE ADVANCE OF 5
CEXTS WAS PAID OX PALES.
Decline In Both Spirit* and Rosin
Showed In New York and Spirit*
Lower Alno In Isondon—Receipt*
of Roaln 2,403 Barrel*, nnfl of
Spirit* 520 Cn*k*—Xo Shipment* ot
Either.
The advance made by the spirits of
turpentine Saturday was not held yes
terday for, though the market opened
and closed steady at the closing fig
ures of Saturday the tone was only
''steady," and in the late trade the
price went off % of a cent. Some of
the factors declined to sell at the low
er figure, however, so that a part
of the receipts will be carried over
until to-day. The receipts were 520
casks, and the shipments, none. The
New York market was quoted dull at
51 cents. London reported another de
cline, the quotation there being 36
10%.
The rosin market opened firm and
unchanged from Saturday’s close, ex
cept in the case of grades G and F,
which were at the former inside prices.
The sales at the opening, which were
the total for the day amounted to 1,-
484 barrels. The close was firm ahd
unchanged. Receipts for the day
were 2,468. No shipments were re
ported. The New York market was
quoted dull at $2.85. After the close
of the local market sales were gen
erally made at an advance of 5 cents
on I and above, and at outside quo
tations for the remainder.
NAVAL STORIES 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 44,560
Receipts yesterday 520 2,468
Receipts previously 157,442 474,678
Totals 164,457 521,696
Exports yesterday
Exports previously 130,038 465,381
Total V. ..130,038 465,381
Stock yesterday 34,419 56,315
Stock previously 11,732 76,938
Tester- Day Be- Last
day. fore. Year.
Tone .| Steady. | Firm. | Firm.
Sales 102 J_ _293 445_
Rosin .| Firm. | Firm. Firm.
W. W. 5.15 5.15 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 2.65
H 2.8002.82% 2.8002.82% 2.33
G 2.62% 2.62%02.65 2.25
F. .... 2.57%|2.57%®2.60 2.20
E 2.5502.57 % 2.55 02.57% 2-20
D 2.52H 1 2.52 H 2.20
C, B, A 2.52%j' 2.52 % 2.20
Sales | 1.184 | 2.630 | 3,457
IN OTHER~MARKETS.
New York, Dec. 12.—Rosin, dull;
Turpentine quiet at 5&%®51c.
Charleston, S. C- Dec. 12.—Turpen
tine and rosin, nothing doing.
Wilmlngtop, N. C., Dec. 12.—Turpen
tine. nothing doing; receipts, 31 casks.
Rosin firm at $2.46; receipts, 124.
Tar firm at $1.80; receipts, 104.
Crude turpentine firm at $2.30 and
$3.60; receipts, 142.
New Orleans, Dec. 12.—Receipts,
rosin, 35 barrels; turpentine, 20.
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.
Yestejrday
Month”!!!!.’. 2,455,790 1,507.215
Since July 1 35,707,136 33,232,086
Where Shipped—
Foreign 2,294,444 2,761.524
Baltimore 9,142,531 4,309,882
Philadelphia ........ 4,553,629 5,604.607
New York 18,872,276 9,545,232
Boston 600,531 1,167.206
Other ports 253,410 9,843,945
of wheat In the Northwest had a de
pt esslng Influence on speculative
prices here to-day. At the close wheat
for May delivery was off IHOlH<.’.
Corn and oats are up He. Provisions
range from 7Hc higher to 15c lower.
The leading futures ranged as fol
lows:
Opening. Highest. Lowest. Closing.
Wheat. No. 2
Dec ....31 07 $1 07H $1 06H $1 06%
May .... 110 1 10H 1 09H 1 09H
July .... 98H 98% 98 98%
Corn, No. IS—
Dec 47 47% 46% 47%
May ... 44% 44% 44% 44%
July .... 44% 46 44% 44%
Oats, No. 2
Dec .... 28% 28% 28% 28%
May ... 30% 30% 30% 30%
July ... 30% 30% 30% 80%
Mess Pork, per barrel—
Jan ... 12 50 12 50 12 32% 12 35
May ... 12 82% 12 85 12 65 12 65
Lard, per 100 pounds—
Jan .... 6 82% 685 6 82% 6 82%
May ... 7 10 7 10 7 05 706
Short Ribs, per 100 pounds—
Jan .... 680 650 6 42% 645
May ... 6 72% 675 6 67% 6 67%
Cash quotations were as follows:
Flour easier; No. 2 spring wheat,
31.0701.14; No. 3. $1.0201.12; No. 2 red.
$1.U%@1.13%; No. 2 corn. 47%04*c;
No. 2 yellow, 47%045c; No. 2 oats,
2K%r; No. 2 white, 30%®31%; No. 3
white, 29%030%c; No. 2 rye, 75c; good
feeding barley. 39®40%c; fair to choice
malting. 41048 c; No. 1 flax seed, $1.16;
No. 1 Northwestern. $1.24: prime tim
othy seed, $2.72%: mess pork, per bar
rel, $11.12011.25; lard, per 100 pounds.
$6.77%; short ribs sides (loose), $4.26®
6.50; short clear sides (boxed).
6.87%; whisky, basts of high wines,
$1.26: clover, contract grade. 112.50.
Receipt* Wheat, <O,OOO bu*hels;
corn, 657,500 bushels; outs, 146.000
bushels.
DUV GOOD* NtMHKT.
New York. Dec. IJ.—The day in
dry good* lia* naturally bean g dull
on* and the buyer ha* operated very
conservatively, Yet there tea gen
eral independence on tb* part of tbe
sell*! who facia a* lhough M would
piofli hili. a little tg make revision hi
order to force bualnea* The )obiter
Mae had a lair ernount of mail or daeg,
tout Ran ink 8m keen vary glow
“LMCLE SAM’S" STAMP MILL.
Th*> Bureau of Engravlnß, Where
Postage Stamps Are Made
hy the Experts.
From the New Tork Tribune.
More than 6,500,000.000 postage
stamps will be printed during the pres
ent calendar year, says the Chicago
Chronicle. The exact figures, as esti
mated by the officials, will be 6,964,-
800,000. Of this number 1,791,000,000
be made up of one-cent stamps,
3,627,200,000 of twos, and the remainder
of the higher denominations. The Bu
reau of Engraving and Printing strikes
off 20,800,000 stamps every day. This
average is kept up for the 300 working
days fin the year. The daily shipment
of stamps to the 70,000 or more post
offices throughout the United States
runs from 10,000,000 to 70,000,000, the
latter being the highest number ever
sent out in a single day. About 100,-
000,000 stamps are always kept on hand
ready for any emergency. "Why, sir,”
said the man in charge of the stamp
division, a few days ago, "we count
in millions and billions here. We can
tell without difficulty whether the
country is prospering or floundering in
the slough of adversity. In fact, the
order sheet for stamps is an accurate
barometer of industrial conditions in
the United States. Asa political ar
gument nothing better can be advanced
than the unusually heavy demand for
stamps during the last four years. The
calls upon us necessitate constant ac
tivity. The sales of stamps has jump
ed with leaps and bounds since 1900.
In that year we shipped 3,958,000,000;
in 1901, 4,270,000,000; in 1902. 5,135,930.-
000, and in the present year we hope
to pass the 6,000,000,000.
"Our best month is January. Busi
ness picks up in December, as a re
sult of the holiday season, but we reach
the flood in January. August is the
slack month, and February is counted
among the dull periods. The demand
in the first twenty days of every quar
ter is unusually heavy, and at such
times our daily shipments foot up mil
lions. The task of printing and dis
tributing the little certificate that ap
pears on the letters in the United
States mails is a tremendous one.
Great skill is required in every branch
of the Tvork. The best plate printers
that can be obtained in this country
are employed, and the women who ex
amine und count the stamps are among
the most expert of the small army em
ployed in the Bureau of Engraving and
Printing.
"While bililions of stamps are print
ed in a year, every detail of the big
job is done by a force of 200 men and
women. Each of them is an expert in
his or her particular line of business.
Only one mistake has been made in
counting the stamps during the last
three years. When ft is considered
that millions are counted in a day,
hundreds of millions in a month and
billions in a year, the proficiency of the
counters, all of whom are women, is
readily appreciated. There is another
fact that may be of interest to those
who are not advised of the rules gov
erning the national money factory
where the postage stamps are printed.
In the last three years only one sheet
of stamp paper has been lost. Four
hundred stamps are printed on a sheet,
which goes through the hands of a
couple of hundred employes. But it is
almost Impossible for a sheet of paper
or a single stamp to be lost or mis
laid. Every scrap must be accounted
for and checked up before the em
ployes leave the building. If a sheet is
reported missing, a search is made for
it. If it is not found, the loss must
be made good. Sometimes the foreman
of the room in which the sheet or
stamp has disappeared pays for it or a
collection is taken up among the em
ployes. But, as-stated, the losses are
SAVANNAH'S CURRENT MARKETS
Note—These quotations are revised
daily arid 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.
POULT )IY—Market, weak: spring
ers, 30040 c per pair; three-quar
ters grown, 50060 c; hens, 75@85e. Tur
keys, 16c per pound; geese, $1.50 per
pair; ducks, 90e@$l .00 per pair.
EGGS—Country, 26c; Tennessee, 28c.
BUTTER—The tone of the market is
firm. Quotations: Extra Elgin. 60 tubs.
26027 c; choice Elgins, 24@25c; New
York state. 23®23%c; renovated butter
60-pound tubs, best grade, 23@23%c.
CHEESE—Market, firm: fancy full
cream cheese, 22025-pound, 12%@13c;
20035-pound, 12%@12%c.
WHITE PEA BEANS—S2.4O bushel.
POTATOES—S2.OO.
ONIONS—In sacks, $2.50.
SPANISH ONIONS—Per crate, $1.50.
CABBAGES—SI.SO crate.
TURNIPS—Per sack. $1.50.
Brendstnffs, Dor 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 Market*.
QUANTITIES— Jobs. Cars.
No. 2 white corn 71
Mixed com 70
OATS-
To. I .tto:::::: S
b,,n .1..35
Mixed bran }■" Ml
No! Vtlmothy *> 75
No. 2 timothy 80 85
Sugar.
7 12
Cut loaf *7
Cubes -
XXXX powdered J “L
Powdered
Fine granulated
Confectioners’ A
White Extra C
RlCE—Market dull, fancy head, 4%
05c-. prime ' * V *®!?! 3 03%
Fafr .!!!!!!. 2%®3%
Common • —3
. PPLES-$3.00 to $3.50 barrel.
raNANAS-$1.7502.00.
r- RAPES— Malaga, $4.5005.50; Ja
nIFLOmDA onANGEB-$2. 7 603.0°.
PRUNES—2O* to 30*. sl3; 30* to 40*.
10r- 40s to 50s. 8c; 50* to 60*, 7He; 60s
*%c; 70s to 80s, 6c; 80s to 90s,
lie %0S to 100*. 4HC.
nuTB —Ample stock, fair de
' n market firm; fancy hand-picked
VRglnU*. 7 ; N. C. peanuts, 6Hc; •*.
vtrainla, 9c.
NUTS—Almonds. Terragona. 14Hc;
tvtras 12%c; walnuU, French. 12Hc;
Naples. 14Hc; pecans. 10c; Braxlli,
su.c filberts, tie; asaortud nuts, 60-
pound snd 25-pound boxes. 12c.
Dried ss4 Eft*.rsle4 Frails.
APPLES - Evaporated, 7He; sun
dried. Otic#
—Evaporated, fancy, Uc;
choir., 10He.
RAISIKE'L. L., 8-crown, $1 85. 6*
crown. *•*• 4-crown ousters. 3.7:
loose m us'-•tells, tc; 1-pound seeded,
lofcr; Imp*rial cabinets, $3 per bos.
PEACHES -Evaporated, peels*, Ms;
uiii*rei*4.
PEARS Evaporated U)%e.
CITRDN-A S drum. 14%; fan,,
Covet' isn- lO-pound boss*. M%c.
currawts h srrets. I*.
I effee
f* „ 16%c
Moot* „ ~M
PMtiriy ..,,,,,,,.,,,.,,,,,,,,..5340.
F*4m> M, $
A SOLID CAR
300 Boxes Indian River Oranges arrives on Prices
right. Sizes right
A. EHRLICH &, BR0„
sUpply co7,~ _
126-130 Bay Street, West.
JOBBERS.
BATn ROOM FIXTURES, SANITARY PLUMBING GOODS. WROUGHT
IRON PIPE. FITTINGS, etc. All supplies for STEAM. WATER and GAJ3L
Sole Agents for the celebrated HUXL El’ VALVF.S.
Wool, Hides, Wax, Raw Furs and Skins.
Write for Prices.
D. KIRKLAND,
infrequent, and when they do occur,
they are small, onlv one in the last
three years, and only three or four
since 1895."
The process of turning out a postage
stamp is similar to that of printing a
bank note. There is, however, more
detail in the printing of the stamp.
The engraving requires as much skill
and some of the best men in the bu
reau are employed in this class of
work. The design is suggested by some
wise official in the Postofflce Depart
ment. It takes three months to turn
it out, and then if it does not suit the
fancy of the department official it must
be done over again. The drying pro
cess of the stamp is laborious and re
quires great skill. Most of the defects
that appear in the stamp paper after
it is printed and ready for perforation
are due to shrinkage. Every sheet of
stamp paper has the water mark “U.
S. P.” running through every square
inch of it. The water mark is re
sponsible for the shrinkage which
spoils many of the stamp sheets. The
sheets v’hich are not approved by the
examiner are run through a press and
cancelled and then destroyed.
The gumming of the stamps is one
of the most important processes. It
is done in accordance with strictly
scientific principles. The room in which
the process is worked out is kept as
nearly as possible at the same tempera
ture summer and winter. This is ac
complished by means of steam coils in
winter and by perhaps the most elabo
rate system of ventilation in the
United States, with the possible ex
ception of rooms in the government
Bureau of Standards. Experiments
covering a period of years were made
with different gums, and it was a long
time before the chemists were suc
cessful. They finally evolved a com
position which fills the bill, and since
it has been used little complaint has
been heard as to the adhesive quality
of postage stamps. The basic constit
uents of this gum, which the govern
ment manufactures, is cassava starch.
It contains nothing that is deleterious
to health, and, in fact, is pronounced
almost "good enough to efat.” It is
manufactured with great care and
cleanliness.
The method of applying the gum to
the stamp sheets is entirely mechani
cal except in the counting. The sheets
are fed into a hopper, w here they pass
between rollers, the lower set of which
revolve in a vat of melted gum. This
vat is directly over a heater, which is
regulated automatically with scientific
accuracy. Over these gum rollers the
stamps pass on a continuous chain,
which carries them through wooden
compartments heated by hot water
pipes. When the sheets emerge the
Fancy No. 1 13 c
Choice No. 2 12Hc
Prime No. 2 llHc
Fair No. 5 11 c
Ordinary No. 6 10 c
Common No. 7 9Hc
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.
HIDES —Market, firm; dry flint,
16Hc; dry salted, 14Hc; green salted,
9c; green, 7Hc.
WOOL—Firm; white prime, 25c;
prime Georgia, free of sand burrs and
black wool, at 23c: burry, 12@16c; wax,
28c; tallow, 4c; 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; hair, 4@sc; cement, 31.100
I. carload lots, special. Portland ce
ment, retail, $2.0002.25; carload lots,
special.
LUMBER Ral'road ties, 27@29c;
hewn ties (7x9x8%), 38040 c; hewn
ties (6xß), 26x28c; switch ties. $10.50®
11. easy yard stock, $11.00012.00;
car sills, $13.09015.00; ship stock, SIB.OO.
Olla.
Perfection Signal Oil 42 c
Pratt's Astral c
Aladdin Security c
Water White 15 0
Standard White 14Hc
D. S. Gasoline ...16 e
D. S. Gasoline in drums *..14%c
86 degree gasoline in drums 19Hc
Linseed oil, raw, 1 barrel lots 46 c
Boiled linseed, 1 barrel lots .48 c
Five barrel lots special.
SHOT—Drop. $1.65; B. B. and large,
$1.90; chilled 81.90.
IRON—Market firm; refined, $1.90:
Swede, 4c.
NAILS—Cut, $2.25 base; wire, $2.25
base.
BARBED WIRE 52.85 per 100
pounds
GUNPOWDER Per keg. Austin
crack short. $4.50 keg; half keg, $2.50,
quarter keg, $1.40; champion ducking
quarter keg, $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; 1% pound
7%@7%c; 2-pound, B@BHc; sea Island
bagging. 10H©llc.
TlES—Standard 45-lnch arrow, 94c
©sl.oo.
COTTON PICKING SHEETS-22®
25c each.
TWINE—Per pound, or hank, 140
15c.
HAMS—Sugar cured, 12013Hc; pic
nics. B®B%c,
D. 8. butts g-/
D. 8. plates
Western heavy bellies !”s
Eastern light bellies !!'B%
Eastern medium bellies !! 8H
Eastern heavy bellies ’
D. 8. C. R. sides !!!!!!!•%
Smoked C. It. sides *74
LARD—Pure, iti tierces, se;
pound tins snd tO-pouiul tubs, |% r
eomttound. 11l tierces, 6%r; 50-pound
tins and JO-pound tubs, 6Hr.
Mlsoellaweon*.
FISH Meeker*!, hglfbarrols. Mo
t, $lO, MO 3, 16.50. No. I, $(, hjt ‘ i(
I. •s.<•. No 3. 83.80; No, *, | | 0 ; cod:
flh. l-pounl torn it*. 6c; 2-pond bricks
$Hc, smoked nerrlng*. per to**, J tittZOr'
Dgich hot rings, in kegs. sn,
IliUilet*, ksif battels. $4
OYMUP Market *M; Georgia gad
Florid* *ytup. buying st 12025., soil
ing St *SO2SHe, sugar iMrusa, si MH#
“Va*-m*.
Ht'iU WIMEg Masts fin
tdottfcv - Dun, itrsrrcd, ut usnsis.
Ik ©SIiPR.
gum is dry and they are ready for the
counter. The thickness of the coating
of gum is a matter which is also de
termined to a nicety. It is regulated
with reg'ard to atmospheric conditions
in the territory where the stamps are
to be placed on sale. For example,
stamps which go to the humid and
hot climate of the Gulf States are so
gummed as to prevent them from
sticking together. A different gum
ming process is employed for the
stamps sent to the dry and cold north
ern latitudes. When the stamp sheets
are printed, aired and gummed they
are placed under hydraulic pressure.
They are stacked in a press in piles
of a thousand sheets and a pressure
exerted of about forty or fifty pounds
a square inch. The sheets are then
perforated - , cut up into blocks of 100
stamps, sent to the shipping room
and are then ready for distribution.
The government has been printing
its own postage stamps since 1894.
Previous to that year the work was
done under contract. Under the pres
ent system the Bureau of Engraving
and Printing must compete for the
work with private companies. Last
year the competition was lively and
the bureau won on la small margin.
The insular possessions are beginning
to draw upon the government for large
shipments of stamps. The Philippines
take 6,000,000 a year, and Hawaii and
Porto Rico e?ach 3,500,000 a year. Form
erly postage stamps were simple in
design. The series authorized last
year are more elaborate than any ever
before issued by the government. They
are more ornate and darry the year
of birth and death of the subject. This
gives them an educational value
which they did not possess in former
years.
Two Train* Dally to Eaatern Oitlea
via Southern Railway.
Southern Railway has resumed
double dally train service be
tween Savannah and the East,
leaving Savannah 1 p. m. and 12-15
a. m., Central time. Both trains car
ry Pullman drawing room sleeping
cars to Washington and New York
elegant day coaches and the finest din
ing cars in the world. All trains now
operated over the new double track
through Virginia and the Southern
Railway double-track bridge across the
Potomac. Pullman reservations glad
ly made or information furnished upon
application to E. G. Thomson, C. P.
& T. A., 141 Bull street; ’phones 860.
ad.
Change in Sleeping Car Line* Sonth
ern Railway.
Effective Dec. 15, Pullman Sleeping
Car now operated between Jackson
ville and St. Louis on Southern Rail
way train No. 30 passing Savannah
12:15 midnight and going via Asheville
will be discontinued and in Its stead
will be inaugurated, on same train and
by same route. Pullman Sleeping Car
between Jacksonville and Cincinnati
ad.
For Presents
Handsome Carving Sets,
Safety Razors,
Razors ; J
Pocketknivea, 7
Scissors.
Honsehold and kitchen ne
cessities.
There are many useful
things here, and a visit of
Inspection Is solicited.
Edward Lovell's Sons,
113 West Broughton Street.
SCHOOLS A urn coileoes.
SavannainFreparatoryScH^
Barnard St, between Owlnnett and
Hall.
Instructors for 1904.
Ormond B. Btro*ig, A. B, Cornell,
Mathematics.
Horaoe Maok, A. B„ Cornell.
A. M.. Yale.
Drawing. English Grammar and Lit
erature.
Samuel W. Coons. A. B„ Trinity.
History and Geography.
Chas. H. Hayes, A. 8., Princeton,
Latin and Greek.
Eric Berstrom, Ph. D, Harvard,
Physics, Chemistry, German.
Miss Mary Wayne, Vassar,
Rending and Spelling.
The strongest faculty- ever secured
by the school.
Fall Session Will Bearin Oct &.
BKAPFORDS EVAPORATED
OKRA.
Makes the finest soups and gum
bos. Sold by all leading grocers 5
cts. per box. M. Ferst’s Sons & Cos.,
Wholesale Agents.
@*rin<ir for GonorrDm.Qli
p**riiMtr<rrh<itA. Whlt*a, utt
•*url dl*ch*ri(M. or and?
Irritation of
l(f>rtloo of mucoui m**m*
NouMtring*Bk
e..M b, orae.l.te.
KnAfMre
•I Ml ~r .
Uituiet out ve nasdi
1 ——i '■
vwjSio