The Savannah morning news., June 07, 1904, Page 10, Image 10

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10
COTTON OFF AGAIN
JULY FUTURES YEARLY" DOWS TO
EXPECTED BASE OF 11 TEXTS.
REACTION EXPECTED SOON.
J. P. WILLIAMS BELIEVES MARKET
IS TOO LOW AXD WILL TURN
UPWARD.
Too Knrly in Season Yft to Be Sure
That Bint Crop Will Be Marketed.
Even if 12,000,000 Are Realised
Will Me no More Than Is De
manded for World's Supply—Be
sides Crop Conditions nnd lu
ereased Aerenae Priees Are De
pressed by Nearness of Presiden
tial Eleetlon nnd by Wnr in Far
Lust —Renetlon In Prices May Be
Expected Soon.
AT THE CLOSE.
FUTURES.
Liverpool, 20 points dnnn.
Xew York. 25 to 3 points down,
lew Orleans. 11 to 40 points down.
SPOTS.
Liverpool, 12 points down.
Xew York, 15 points down.
Xew Orleans. %e down.
Savannah, unehnniied.
The slump that struck cotton several
days ago as the result of the fine
weather conditions all over the belt and
the government’s report on condition
and increased acreage, continued yes
terday, and it looked for awhile as if
the level predicted for July some days
ego, 11 cents, would be reached. Thr
opinion of local traders is divided as to
whether so low a mark will be reached
with the majority of the opinion that
the low level is yet to come.
Among those who take the opposite
view of the market is Mr. J. P. Wi
liams, who is of the opinion that despite
tiie many influences milit'ating against
a higher price, such as the nearness of
the presidential election, the effect of
toe war between Japan and Russia, and
the fine weather conditions and In
creased acreage, cotton is now selling
below its real value and in a vet/ short
time there must come a reaction from
ttm present level of prices.
Taking it for granted, said Mr. Wil
l.ams, that the outlook is now for a 12,-
000,000 bale crop, the se'ason is early yet,
all sorts of things may happen to re
duce the size of the crop and even if
this were not so the world’s demand
for the staple has so grown that it will
need as much as 12,000,000 bales to
satisfy It. With cotton at its present
price Mr. Williams looks for the spin
ners to enter the market for supplies
and then for the market to go up till a
fail price is established.
Trading in cotton in Savannah yes
terday was very dull. The quotations
on spots were unchanged despite the
fact that they went, off at both New
York and New Orleans and no sales
were reported. In the f. o. b. market
cotton was offered at 11 %c for good
middling but the best price that was
bid by exporters was ll%c.
SPOT COTTON MARKET.
The following were the official spot
quotations at the close of the market
at the Cotton Exchange yesterday:
i 1:00 j Year
Grades. j p. M.| Ago.
Good middling { l2 |ll%
Middling ,11% [ii%
Good middling 11% 10%
Tone—Weak and Nominal.
Sales, 0.
Experts—
Coastwise 0
■ Receipts yesterday 336
Last year 499
Year before last 434
Receipts since Sept. 1 1,127,619
Receipts same time last year.. 1,292,907
Stock yesterday 30,683
Stock last year 9,406
Receipts and Stocks at All Ports—
Receipts yesterday 2,126
Same day last year 2,649
Same day year before last 3,476
So far this week 3,955
Last year 3,649
Year before last 6,801
Receipts since Sept. 1 7,007,705
Last year 7.603,911
Stock at all ports yesterday 271,858
Stock at all ports last year ... 266,506
DAILY COTTON MARKET.
Galveston —Easy; middling, U%c; net
receipts, 106; gross, 106; sales, 163; stock,
12,003. Exports.—Coastwise, 55.
Norfolk—Net receipts, 400, gross, 400;
stock. 4,075.
Baltimore—Nominal; middling. 12c;
net receipts, 116; gross, 116; stock, 1,-
668.
Boston—Quiet; middling, 11.75 c; gross
receipts, 28.
Wilmington—Nominal; net receipts, 4;
gross, 4; stock. 6,181.
Philadelphia—Quiet; middling, 11.85 c;
stock, 1,225.
Savannah—Weak; middling. ll%c;
net receipts, 336; gross, 336; stock, 30,-
*33.
New Orleans—Steady; middling, ll%c;
net receipts, 1,131; gross, 2,530; sales,
4,060; stock. 145,933.
Mobile—Quiet; middling, ll%c; net
receipts, 8; gross, 8; sales, 100; stock,
1,280. Exports.—Coastwise, 50.
•Memphis—Quiet; middling, ll%c; net
receipts, 199; gross, 207; sales, 200;
stock, 26,181.
•Augusta—Quiet; middling, ll%c: net
receipts, 50; gross, 50; sales, 101; stock,
18,073.
Charleston—Nominal: net receipts, 25;
gross, 25; stock, 2,295. Exports.—
Coastwise, 101.
•Cincinnati—Net receipts, 75; gross,
75; stock, 5.089.
•Louisville—Firm; middling, 1179 c;.
•St. Louis —Nominal: middling, ll%c;
gross receipts, 48S; stock, 12,076.
•Houston—Easy; middling, 11%C; net
receipts, 309; gross, 309; stock, 8,634.
New York—Quiet and steady; mid
dling. 11.60 c; gross receipts, 341; sales,
341; stock, 65,959.
Total to-day, at all seaports—Net re
ceipts, 2,126; stock. 271,858.
Consolidated, at all seaports—Net re
ceipts, 3,955; Great Britain, 4,698; con
tinent. 2.298; Mexico. 1,000.
Total since Sept. 1, at ail seaports—
Net receipts, 7,007,705; Great Britain, 2,-
367.392; France, 680,052; continent, 2,-
489,338; Japan. 41,936; Mexico, 28,671.
•Not included In totals.
SEA ISLAND COTTON.
Fancy Florldas 28
Extra choice Floridas 26 @26%
Choice Floridas 24 @25
Fancy Georgias 26%@>27
Extra choice Georgias 24%@25
Choice Georgias 23 @24
Extra fine Ga.'s and Fla.'s ...22
Fine Ga.’s and Fla.'s 20
Common Ga.’s and Fla.'s ....18
1180411808.
Receipts, gross .1 It" —n
Receipts, net 1 4 7:
Sale* 96 71s
Exports I lgs
i11,028 7.904
Receipts, season 48.260 74,430
Receipt*, season, net 47,771 78 282
Domestic, via New York... 29 irJi
Havre, via New York
To Reval, direct |.,,.”|
Hayward, Vick: Sc Go.,
COTTON, STOCKS, BONDS.
GRAIN, PROVISIONS AND COFFEE. )~i
New York Correspondents,
J. 11. PARKER & CO.
Chicago Correspondents:
BARTLETT, FRAZIER &
CARRINGTON.
New Orleans Correspondents:
HOME OFFICE.
BOTH TELEPHONES 530.
With our Private Wires lo New Y ork. New Orleans ar.d Chicago, we
can execute all orders on the several exchanges with unequalled dispatch.
J. XI. McCORI). Manager, lo{ Bay St.. East. Savannah, Ga
To Bolumbus, Ga 150'
_Total 189; j 125
Charleston, S. C., June 3.—Sea Island
cotton: Receipts, none; exports, 3;
sales, 3; stock, 126 bafts.
COTTON FUTURES.
New York, June 6.—The cotton mar
ket opened weak at a decline of 12(fo20
points under liquidation following low
er Liverpool cables and generally fa
vorable weather over the South. The
selling seemed to be led by houses with
Southern connections while Wall street
appeared to be covering but the de
mand was not sufficient to check the
declining tendency and July sold down
to 11.16 c before the call was fairly com
pleted. At this level there was some
buying by reactionists and a rally to
about 11.25 c for July and 3 to 4 points
on the new crop months, but toward
midday the market turned again under
a renewal of Wall street pressure and
July declined to 11.32 c, October at 9.63 c.
and December at 9.54 c, declines of
about 24 points.
This was followed by a rally on re
ports of damaging rain in Texas that
carried July back to about the best
prices of the closing Saturday and the
iate months to the best point of the
morning. But the news seemed to
have no effect, other than to stimulate
covering by room shorts and the list
soon weakened again and in the late
trading reached the lowest level of the
session with July selling at 11.10 c, a
net loss of 26 points; October at 9.50 c;
a loss of 37 points, and December at
9.42 c, a loss of 36 points. The close
was easy and especially the lowest
level of the session, a net decline of 14
(u 44 points, Sales were estimated at
600.000 bales.
The sudden rise in the afternoon was
said to be partly due to an increased
demand for spot cotton, but the offi
cial reports from the Southern spot
markets showed no improvement in
this direction and local spot people
stated that buyers of spot were hold
ing off for still further declines.
Reports received from New Orleans
shortly after midday indicated that
Southern market leaders were support
ing the market there, but the prices
eased off after a slight raliy and there
was no indication of bull support lo
cally, about the only buyers being
short interests.
SPOT rOTTOX AT NEW YORK.
New York, June 6.—Spot cotton closed
quiet and steady, 15 points lower; mid
dling uplands, 11.60 c; middling Gulf,
11.85 c; sales, 341 bales.
Cotton futures at New York, June 6:
June 11.12 p 1704 lcTslT
July 11.20 11.36 | 11.08 11.11
August 10.80 10.95 I 10.63 10.63
September . 10.02 10.16 9.64 9.84
October .... 9.75 9.76 j 9.50 9.51
November . 9.60 9.61 I 9.47 9.44
December .. 9.65 9.66 | 9.42 9.42
January ■. ■ 9.65 9.68 9.47 | 9.48
Futures opened weak; closed easy.
SPOTS IN DEMAND
AT NEW ORLEANS.
New Orleans, June 6.—Cotton futures
steady; June, 11.15 c, bid; July, 11.25®
11.26 c; August, 10.51@11.52c; September,
9.70 c; October, 9.32@9.33c; November,
9.22@9.23c; December, 9.22@9.23c; Jan
uary, 9.26@ 9.27 c.
In the spot cotton market there was
a good demand. Buyers were out in
force and appeared to have fairly large
buying orders. The export demand
showed some ‘activity. Sales, 4,050
bales, including 650 to arrive and 900
f. o. b. Quotations %c lower.
At the opening the tone was barely
steady, with prices at a decline of from
13 to 21 points under the close of Satur
day. Liverpool was even lower th'an
expected, being from 17 to 19 points
down at the time of the opening of the
local market with prices on a steady
downward trend. New York came in
weak at a decline of from 17 to 20
points. The local market had a weal
undertone throughout the sessioi.
Prices grew somewhat steadier as th
day progressed under the influence o,
covering by shorts and buying by bulls.
Many traders look upon cotton at pres
ent levels as cheap and they are of the
opinion that spinners are sharing the
same opinion and are buying quietly.
The ring was noisy throughout the day
and the country appeared to be trading
to a large extent and shared the bear
ish sentiment that is ruling the market.
In the trading July first lost 14 points
from the close of Saturday at 11.22 c, re
covered to 11.33 c and fell off to 11.25 c.
October lost 23 points at 9.48 c and after
slight fluctuations eased off to 9.32 c.
December first lost 23 points at 9.37 c
and gradually declined to 9.22 c. The
new crop positions were distinctly v tttk
at the close. Net losses were: On June,
15 points; July, 11; August, 25; while the
new crop months showed net losses of
38 to 42 points.
LIVERPOOL COTTON MARKET.
Liverpool, June 6.—Coton spot, in fair
demand; prices 10® 12 points lower;
American middling, fair, 6.86d; good
middling, 6.72d; middling, 6.62d; low
middling, 6.48d; good ordinary, 6.34d;
ordinary, 6.14d; sales of the day were
8,000 bales, of which 500 were for spec
ulation and export. Including 7,400
American. Receipts, 3,000 bales, no
American. Futures opened easy and
closed steady; American middling, good
ordinary clause: June, 6.31d: June-
July, 6.22d; July-August, 6.15d; Au
gust-Septeniber, 5.93d; September-Oc
tober, 5.48d; October-November. 5.27d;
November-December, 5.20d; Deeember-
January, 5.17d; January-February,
s.lSd.
J. H. PARKER A CO.'S
Cotton Letter to Hayward, Vick A
Company,
New York, June 6.—Liverpool cables
were without special feature, and at
our opening to-day had not fully re
sponded to our decline of Saturday
last. Spot cotton was in fair demand.
Our market had a weak tendency and
opened 10@15 points lower, and there
was a further decline of 10 points more
in the forenoon. There was no in
crease In outside buying support, and
the main buying was done by shorts
covering, which has been 'the principal
feature of each day's decline during
the past ten days.
It still continues to be largely a
professional market, and a* long as
weather reports continue favorable we
DEMERE L HAMMOND, Brohers,
Phones 1505 Office No. 24 Bryan street, East.
COTTON, STOCKS, BONDS, GRAIN AND PROVISIONS
Direct Private Wires to I/ending Exchange*.
LOCAL aiuCLKITIES A SPECIALTY
SAVANNAH MORNING NEWS: TTTSSDAY. JUNE 7. 1904.
MEMBERS:
New Orleans Cotton Exchange.
New Orleans Future Brokers As'n.
New York Cotton Exchange.
New York Coffee Exchange.
Chicago Board of Trade.
Associate Member Liverpool Cotton
Association.
think the advances will only prove tem
porary, to be followed by further de
cline. It was evident several times
during the day that professionals were
trying to manipulate an advance, with
a view to putting out short lines again.
As regards the summer positions the
weak feature continues to be the ab
sence of spot demand and the policy
of consumers to continue to buy only
for immediate requirements. A sharp
upturn may take place in these op
tions a month later, but at present it
is very evident that manv people
bought cotton, both contracts and
spots, between 12 and 14 cents, believ
ing the price was cheap, and have since
held the cotton, hoping for another
advance. These holders are in a weak
position, and unless they have patience
and are willing to take chances of fur
ther loss, would beyond doubt bring
about further decline if they attempt to
force sales at this time, as the general
outside speculative public cannot again
be interested in these options.
The advance in the early part of rhe
day was lost during the last hour, and
the market closed at the bottom.
WARE & LELAXD
Believe Selling Side of Market Is
Being Overdone.
New York, June 6.—Liverpool had
her shuddering spell this morning, and
prices over there ran off nearly half a
cent. Here bears made another drive
at the market, and, as before, buying
power necessary to oppose those in
control is not in evidence. Prices went
too high in the speculation of the win
ter. They are going too low in the
depression this spring. But the day of
buying is not far away. It will soon
be bargain day in the cotton market
when contracts can be had for a song.
It begins to look as though that day
was not far off and we ask every one
to watch developments very carefully
now. No one knows when the mar
ket will touch bottom. No one will
know when it does touch. But there
will be a bottom just as there was a
top and the selling side is being over
done now. Cotton is worth all it is
selling for to-day. New crops are sell
ing on a basis of the biggest crop ever
made in this country, picked, grown
and safe in the store house, and here
we have a long summer ahead, with
the plant only out of the ground in
some places. It’s time not to be short
of cotton and we firmly believe that
any one who buys October now on
breaks will make money. We have
been waiting for the spring decline on
good weather and big acreage. In a
few days the effects of this will wear
off, now the report is out. Don’t fail to
keep watch of cotton.
MILLER & CO.’S
Colton Letter to Deinere A Ham
mond.
New York. June 6.—After Liverpool
closed there was a disposition on the
part of shorts to cover and prices held
fairly steady, the market failed to de
velop any strength, and during the aft
ernoon the tendency was downward,
making new low levels for the entire
list. On the way down It la generally
reported that Wall street shorts were
buyers of old crop, but at best the
market displayed very little recupera
tive power, and was weakest near the
close, presumably in anticipation of a
very bearish weekly bureau Tuesday.
The crop reports from every section
of the belt is mostly encouraging, and
with the exception of a cloudburst at a
few places in the western section, con
ditions could not be better. Spots in
the South generally reported %@% c
lower, but no developments of any ma
terial spot business, but at the decline
there seems to be a disposition to ab
sorb all the July that is offering, and
the bulls in New Orleans are reported
free buyers In that option. Every
nrices, particu
larly the crop until after Tuesday’s
bureau. Liverpool is due to oome 9
points down an the old crop months
. cue new Tuesday
morning.
GENERAL MARKETS.
New York, June 6.—FJour dull and
without feature. Rye flour quiet.
Corn meal quiet.
Rye dull.
Barley dull.
Wheat—Spot irregular; No. 2 red,
nominal. Options declined steadily all
day, influenced by reports of sunshine
in the West, coupled with a bearish vis
ible supply statement. The close show
ed %@lc net decline; July, 92Hc; Sep
tember, 85V4c; December, 84%c.
Corn—Spot barely steady; No. 2,58 c.
Options were bearishly affected by the
weather closing H4@l%c net lower;
July. 54%c; September, 53>4c.
Oats —Spot steady; No. 2, 45</i@46c.
Beef quiet.
Cut meats dull.
Lurd steady; refined quiet.
Pork slow.
Tallow barely steady.
Rice steady.
Coffee —Spot Rio steady; mild, steady.
The market for coffee futures opened
steady at unchanged prices, closing
steady at unchanged prices on all po
sitions except July and December,
which were 5 points higher; sales, 6,-
500 bass.
Sugar—Raw quiet; refined steady.
Butter easy; creamery common to ex
tra, state dairy common to
extra, 13@17t&c.
Cheese steady; state full cream small
colored choice. 8c; small white choice.
Sc.
Eggs firm; state, Pennsylvania and
nearby fancy selected white, 20@21e;
Southern Inferior. 13®14e.
Potatoes steady; Southern, $4.00®
6.50; state and Western sacks, $2.75®
3.25; Jersey sweets. $3.00@5.00.
Peanuts steady; fancy hand-picked.
6c; other domestic, 3>4@3Hc.
Cabbages steady; Southern barrel,
crate. $1.G0®2.25.
Cotton by steam to Liverpool, 12c.
CHICAGO MARKET.
Chicago, June 6.—Optimistic ideas
regarding both foreign and domestic
crop* prospects caused an almost con
stant decline in wheat to-day. At the
finish July wheat showed a net loss of
\c. Corn is off l4c. Oats are down V 6
@*4c. Provisions closed at an advance
of 7H@2oc.
The leading futures ranged as fol
lows:
Opening. Highest. Lowest Closing.
Wheat No. 2
•July .. .89Vi 89% 88% 88%
“July ..88 88% 87% 87%
•Sopt ...83% 83% 83 83%
••Sept .82% 82% 81% 81%
’Old. “New.
Corn No. 2
July ....49% 49% 48% 48%
Sept ....48% 48% 47% 47%
Oats No. 2
June ....41% 41% 41% 41%
July ~..39% 39% 39% 39%
Sept ....31% 31% 31 31%
Mess Pork, per barrel—
July ...*ll 50 *ll 72% *ll 50 *ll 72%
Sept ... 11 75 11 95 11 75 11 95
Lard, per 100 pounds—
July ... 640 6 47% 6 37% 6 47%
Sept ... 652 % 663 6 52% 665
Short Ribs, per 100 pounds—
July ... 665 6 77% 665 6 77%
Sept ... 685 697 % 685 6 97%
Cash quotations were as follows:
Flour, firm. No. 2 spring wheat, 94@
97c; No. 3,87 c; No. 2 red, *1.04@1.06.
No. 2 corn, 48%®48%c: No. 2 yellow,
49%e. Np. 2 oats, 41%@41%c; No. 3
white, 41%@43c. No. 2 rye, 75@76c. Good
feeding barley, 40@43c; fair to choice
malting, 45®56c. No. 1 flaxseed, *1.00;
No. 1 Northwestern. *1.06%. Mess pork,
per barrel, *11.65011.70. Lard, per 100
pounds, *6.37%®6.40. Short ribs sides
(loose;, *6.5006.75. Short clear sides
(boxed), *6.50(@6.75. Whisky, basis of
high wines, *1.28. Clover, contract
grade, *10.75.
Receipts Wheat. 31.000 bushels,
corn, 583,300 bushels; oats, 210,300 bush
els.
OF INTEREST TO THE TRADE.
The board of managers of the New
York Produce Exchange have estab
lished calls for the sale of linseed HI,
and have adopted rules providing for
supervision of all matters pertaining to
trade in that oil. Under these rules a
registrar, inspectors, weighers and
warehousemen have been appointed. It
has been derided that deliveries shall be
made bv weight at the rate of 7%
pounds net to the gallon, and in lots of
not less than 3,000 gallons, and that
contract grade shall be known as pure
linseed oil.
Mr. Harvey Granger of the Granger-
Stubbs Lumber Company, returned to
Savannah yesterday morning alter a
business trip to Baltimore. He reports
the lumber market North as very dull.
Mr. W. G. Morrell says that the rice
crop of the Savannah territory will be
smaller this year than usual, because
of the fact that only about two-thirds
of the acreage of last season was plant
ed this year. The crop is in very fine
condition, he says, needing but a lit
tle rain to make the conditions first
class for a fine yield. Many of the
planters will turn the harvest water on
their early rice this week.
Alfred R. Sax, president of the Alfred
R. Sax Lumber Company of New York,
formerly junior member of the Norden
& Sax Lumber Company, under date of
June 1, announces the opening of busi
ness in the same cities in which the
former firm had offices, and states that
the Southern end of the new business
will be handled by the same persons
formerly connected with the Norden &
Sax Lumber Company. Mr. George M.
Williams is the manager of the Savan
nah office.
Mr. William B. Stillwell of the
Southern Pine Company, who has re
cently returned from a trip to St. Louis,
where he went as one of the delegates
of the Georgia Interstate Sawmill As
sociation to the National Lumber Man
ufacturing Association, says that he
finds that the lumber business of the
entire country is depressed, even the
white pine people reporting big sur
pluses of stock. He says also that
there is a general sentiment in all the
trade In favor of the curtailment of
output, and that some such decision
may be reached by the Southern Lum
ber Manufacturers' Association, which
will hold its meeting in St. Louis .Tune
14-15. The Georgia Interstate Sawmill
Association will hold its next meeting
at Atlantic Beach, near Jacksonville,
Monday. It promises to be an impor
tant meeting, as among the questions
to come before it are those relative to
anew price list to be based on the new
Inspection rules, the equipment of lum
ber cars by the railroads and reciprocal
demurrage.
McDonough & Cos., wilt not appoint
another manager for their business in
Jacksonville, the place made vacant by
the resignation of Mr. B. F. Ulmer,
but will in future, handle their business
through that port through one of the
forwarding houses.
Mr. William B. Stillwell expects to
leave for New York on a business trip
either the latter part of this week or
the early part of next week.
SAVANNAH’S CURRENT MARKETS
Note —These quotations are revised
daily and are kept as near as possible
In acord with the prevailing whole
sale prices. Official quotations are not
used when they disagree with the
prices wholesalers ask.
POULTRY—Market, good demand;
springers, 25@40e per pair; three
quarter grown, 50@60c; hens, 70@75c.
EGGS—l4@l6c.
BUTTER—The tone of the market Is
firm. Quotations: Extra Elgtns. 60
tubs, 24@25c; choice Elgins, 22@23c;
renovated butter, 19c.
CHEESE —Market firm; New York
state. 21@22c; fancy full cream cheese,
22@25-pound, 11%@12e; 30 to 35-pound,
ll@ll%c.
WHITE PEA BEANS—*2.4O bushel.
POTATOES—[e-mail].
ONIONS —Egyptian, in sacks, $3.00.
Drrndstuff, Hay and Grain.
FLOUR Patent, $6.00; straights,
$5.65; fancy, $4.75@4.50; family, $4.85;
spring wheat, best patent, $6.40.
MEAL—Pearl, per barrel, $3.60; per
sack. $1.45: water ground, $1.55; Pearl
grits’, per sack, $1.65; Pearl grits, per
barrel. $3.50; city meal. $1.50.
bruin Markets.
QUANTITIES— Jobs. Cars.
No. 2 white corn 77 76
Mixed corn 74 73
OATS-
No. 2 mixed 53 51
No. 2 white clipped 67 65
BRAN
pure wheat bran ...$1.45 $1.40
Mixed bran 1.35 1.25
Cracked corn 1.56 1.50
JJAV
No. 1 timothy 1.00 92%
No. 2 timothy 90 86
RlCE)—Market dull, fancy head, 4%c;
prime, 4@4%c.
Good *%@3%
Fair 3 ® 3 %
Common 2 @2V6
Fruit* and Nuts.
BANANAS —$1.75@2.00.
ORANGES— Caiitornla navel, $3.25®
3 WATERMELONS—IO® 12c.
CANTALOUPES —$1.25@2.50 a crate.
PEACHES—9Oc@SI. 25 a crate.
PRUNES —20s to 30s, lie; 30s to 40s,
10c. 408 to 50s, 8c; 50s to 60s, 7%c; 60s
to 70s. 6%c: -Os to 90s. sc; SO. to 90s.
fike- 90s to 100s, 4%c.
PEANUTS— Ample stock, fair de
mand; market firm; fancy hand-pick
ed Virginias. 7c; N. C. peanuts, 6c;
**. Virginias, *c.
NUTB— Almonds. Ttrragon*. i4%e.
1 vie as. 12%c; walnuts, French. 12%e
Naples, 14%e; pecans, 10c; Brs.ll*
•Vic; filberts, lie; assorted nuts, M
pound and 25-pound boxes, lie.
v Dried and Keuporut.d Fruits.
APPL**" Bv ** ,or *‘* a - 7%e; sundrlsd,
Ht.
SPIRITS GO LOWER
MARKET OPENED AT SLIGHT DE
CLINE AND WENT OFF AT CLOSE.
DEMAND FOR ROSINS STRONG.
BIT FEW CHANGES AT OPENING,
BIT GENERAL ADVANCE LATER.
Advance Cninr Aftfr Market Hour*
When All Offrringn Were Taken.
Hitcher Prlee Paid for Grade* from
F Downward and In Some C'a*es
for the Paler Grade*—Mnrket
Show* un l*nunuul I'ndereurrent or
Strength—Tone Exported to Con
tinue I nle** Receipt* Should Be
l nununlly large.
Spirits of turpentine went off yester
day, opening steady at 53e, a loss of %e
on Saturday's closing figure, with sales
of 22* casks, and closing at a further
decline of %c, with sales of 916 casks.
The closing was firm, however, and as
all the afternoon receipts were taken
at closing figures, no further decline is
anticipated, unless the receipts should
be unexpectedly large. The receipts
were 489 casks, and the exports 240.
Rosins continue to be very firm, with
a demand for them that appears to be
insatiable. The market opened firm yes
terday, with an advance of 5c on I, F
and E, with sales of 1,278, and closed
firm and unchanged, without further
sales, though in the afternoon all of
ferings were taken, with a general ad
vance pretty nearly all along the line,
though particularly on the lower grades
from F downward. The market shows
an unusual undercurrent of strength.
The receipts were 1,650 and the exports
1.167.
NAVAL STORES STATEMENT.
Spirits. Rosins.
Stock April 1 6,495 44,550
Receipts yesterday 489 1,650
Receipts previously 38,233 94,959
Total 45,217 141,159
Exports yesterday 240 1,167
Exports previously 34,089 113,225
Total 34,329 114,392
Stock yesterday 10,888 26,767
Stock last year 6,663 25,197
’ i Tester- Day Last
SPIRITS. ( day. Before Year.
Spirits .... j 52 % ~ 5314 45%
Tone | Firm. Firm. Firm.
Sales | 1,144 __ 229 246
Rosin | Firm. Firm. Firm.
W. W 4.45 4.45 3.60
W. G 4.05 4.05 3.30
N 3.85 3.85 3.20
M 3.65) 3.65 3.15
K 3.40] 3.40 3.05
I 3.151 3.10 3.00
H 2.90 2.90 2.40
G 2.85 2.85 1.90
F 2.75| 2.70 1.85
E .... 2.70| 2.65 1.80
D 2.60 j 2.60 1.80
A, B, C ... 2.601 2.60 1.75
Sales 1,278| 603 691
IN OTHER MARKETS.
• New York, June 6.—Rosin steady.
Turpentine easy, 56%@57%c.
Charleston, S. C., June 6. —Turpentine
firm, 52%c. Sales, none.
Rosin, firm; sales, none. A, B, C, D,
*2.50; E, *2.55; F, *2.60; G, *2.75; H, *2.80;
I,"*3.00; K, *3.30; M, *3.55; N, *3.75; WG,
*3.95; W W, *4.35.
Wilmington, N. C., June 6.—Tur
pentine, firm, 52c; receipts, 18.
Rosin, firm, *2.50; receipts, 163.
Tar, firm, *1.80; receipts, 49.
Crude turpentine, firm, *2.25, *4.00,
*4.25; receipts, 200.
BOARD OF TRADE
MAY CHANGE ROOMS.
The members of the Board of Trade
will have a called meeting this morn
ing to determine the question of
whether the quarters of the organiza
tion shall be moved or not. As has al
ready been stated in the Morning News
there is a strong sentiment in favor of
moving. The new quarters that have
been offered are in the Germania Bank
building, those formerly occupied by
the J. P. Williams & Cos. and those
used until recently by the Georgia
Lumber Company, the latter places are
on the north side of Bay street, just
east of the City Hall site.
APRICOTS— Evaporated, fancy, 13c;
choice, lo%c.
RAISINS— L. L. 2-Crown. $1.85; 3-
Crown, $2 00 ; 4-Crown clusters, $2.75;
loose muscatells. 8c: 1-pound seeded,
10%c; imperial cabinets. $3 per box.
PEACHES— Evaporated, peeled. 16c;
unpeeled, B%c.
PEARS— Evaporated, 10%c.
CITRON—A. S. drum. 14%c: fancy
Corstcian, In 10-pound boxes. 14%0.
CURRENTS—BarreIs, 7c.
Sugar.
Cut loaf
Cubes ....5.67
XXXX powdered 5.57
Powdered
Fine granulated 5.42
Confectioners’ A 5.27
White Extra C 5.07
Coffee.
Java c
Mocha 23%c
Peaberry 13 c
Fancy No. 1 1$ c
Choice No. 2 11 c
Prime No. 2 .....10 c
Good No. 4 9%c
Fair No. 5 9 c
Ordinary No. 6 B%c
Common No. 7 8 c
SALT—Car lots. 100 pounds burlap
sacks, 36c; 100-pound cotton sacks. 38c;
126-pound burlap sacks. 45c; 125-pound
cotton sacks. 47c; 150-pound burlap
sacks, 54c.
HlDES—Market, firm; dry flint.
14%c; dry salted, 12%c; green salted,
6%c.
WOOL—Firm; prime Georgia, free
of stand burrs and black wool, at 21c;
black. 18c; burry, 10@12c; wax, 27c;
tallow, 4c; deer skin, 24c.
Hardware and Building Supplies.
LIME. CALCIUM PLASTER AND
Cement—Alabama and Georgia lime
in fair demand and sell at 80@85c a
barrel; special Calcined plaster, $1.50@
1.65 pei barrel; hair, 4@sc; Rosedale
cement, $1.15@1.25: carload lots, spe
cial. Portland cement, retail, $2.00®
$2.25; carload lots, special.
LUMBER Merchant hewn ties,
$10.50@11.00; square edge hewn ties.
$8.50@9.00; hewn ties (7x9x8%), 38®
40c; hewn ties (6xß), 26@28c; switch
ties, $11.00; easy yard stock. sll.oo®
12.00; car sills, $13.00@14.00; ship
stock, $lB 00.
OH.
Perfection 81gnal Oil 0
Pratt's Astral c
Aladdin Security c
Water White 0
Standard White
D. S. Gasoline 0
D. 6. Gasoline In drums 14%
(6 degree gasoline In drums 19% C
Llneeed oil raw 43 c
Boiled c
SHOT—Drop, $1.78; B. B. and large
12.00; chilled, 82.00.
ORDERS, ORDERS?
We have for Wool, Wax, Hides and Furs.
—Ship them in—
A, EHRLICH & BR0„ Whl
THE CHASMAR-KING SUPPLyToT
126-130 Bay Street, West.
JOBBERS.
BATH ROOM FIXTURES, SANITARY PLUMBING GOODS. WROrrm,
IRON PIPE. FITTINGS, etc. All supplies for STEAM, WATER ami
Sole Agents for the celebrated HUXLEY VALVES.
FOUR PER CENT.
COMPOUNDED
QUARTERLY
And subject to check without notice, is what we
pay on deposits.
Peoples Savings and Loan Company
22 Congress, West.
C. H. DORSETT, President. E. L. HACKETT, Treas.
Mol . 8705.
BANK BOOK
Ttie OgiemorpeSQvinQss TrusiGo.
8 and 10 Bryan St., East.
SAVANNAH, - - GEORGIA.
IN ACCOUNT WITH
JOHN DOE.
HERXIAN MYERS, President.
JACOB PAULSEN, Vice President.
No. 1640. Chartered 1866.
The MERCHANTS NATIONAL BANK
OF SAVANNAH, GA.
UNITED STATES DEPOSITORY,
Capital $500,000
Surplus and undivided profits. 127,000
Total $627,000
Accounts of Banks, Bankers, Cor
porations, Firms and Individuals re
ceived upon favorable terms.
Issues Time Certificates of Deposit
bearing interest.
Correspondence solicited.
J. A. G. CARSON, President.
BEIRNE GORDON. Vice President
w. M. DAVANT. Cashier.
4%
PAID ON DEPOSITS
—in the-
Savings
Department
—of the—
COMMERCIAL BANK
of Savannah.
State Depository.
IRON—Market firm; refined, $2.00;
Swede, 4c.
NAILS—Cut, $2.26 base; wire, $2.35
base.
BARBED WIRE—S3.IS 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
pound, $2.10; one pound, 75c; less “9
per cent, on smokeless.
Cotton Hugging and Ties.
BAGGING —Market firm; 1% pound
7%@8%c; sea island bagging. 9%(@>lnc’
TlES—Standard 46-inch arrow, largl
lots, $1.03@1.10; small lots, $1.15.
TWINE —Fer pound, or hank. 14a
16c.
HAMS—Sugar cured, 12@13c; pic
nics,
D. S. butts ga,
D. S. plates ,6%®6
Western heavy bellies w 7 |*
Eastern light bellies
Eastern medium bellies -S
Eastern heavy bellies
D. S. C. R. sides
Smoked C. R. sides
LARD—Pure, in tierces, 7c; 59.
pound tins and 80-pound tubs’ 7 C "
compound, in tierces, 6c; 60-pound
tins and 80-pound tubs. 6%c;.
Miscellaneous.
FlSH—Mackerel, half-barrels. No l_
$10.00; No. 2. $8.50; No. 3, $g 00- kits
No. 1. $1.40; No. 2. $1.30; No. 3, $1 lO
codfish. 1-pound bricks. 6c; 2-pound
bricks, 6%c; smoked herrings, per box
19@20c; Dutch herrings, in kegs, sl.io
new mullets, half barrels, $4.00 ’
SYRUP-Market quiet; Georgia and
Florida syrup, buying at 22®23c; sell
18* at u *ar house at 16%@
HIGH WINES--Basis, $1.28.
HONEY—Fair demand; strained. In
barrels, 45c gallon.
COTTO 14 SEED OH,,
New York. June 6.—Cotton seed oil
showed lack of support, and was bare
ly steady. Prime crude f. o. b. mills
21c; prime summer yellow, 28@28%c;
off summer yellow', nominal; prime
white, 33c; prime winter yellow, 33c.
DRY GOODS.
New York June 6.-The dry goods
market has been more or less station
ary with buyers, evidently awaiting
some development on the price ques
tion. On certain lines It Is expected
that new prices win be made within
a short time. "
World's Pair, (1. Louis, Ms Central
of Georgia Ry.
Low rates, shortest route, quickest
time! Choice of two routes, via Atlan
ta and Nashville or Birmingham!
Sleeping cars all the way.—*4,
Are You Saving?
If not, begin this day. It only takes
ONE DOLLAR
To open an account with us. To you it
will be the beginning of your future
wealth. Let us help you.
The Oglethorpe Savings and
Trust Company,
S-10 Bryan St., East, Savannah, Ga.
JOHN M BRYAN, Cashier.
ALLAN SWEAT, Accountant.
—THE—
CHATHAM BANK ,
SAVANNAH, GA
LEOPOLD ADLER, President.
T. M. CUNNINGHAM. JR., Vice Pres.
FRED. W. CLARKE, Cashier.
COURTNEY THORPE, Asst. Cashier.
INVITES ACCOUNTS
of Hanks, Corporations, Finns, and
Individuals on terms consistent with
sound banking principles.
ALLOWS INTEREST
on deposits in Savings Department
DIRECTORS:
LEOPOLD ADLER.
. T. M. CUNNINGHAM, JR.
. jj, B. H. LEVY.
;■' i J. M. LANG.
.I ’. M. J. KAVANAUGH.
Aid A. S. GUCKENHEIMER.
f M. A. O'BYRNE.
M. L. BYCK.
J. T. WEST.
L. P. HART.
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.
IOHN FLANNERY, President.
HORACE A CRANE, Vice President
JAMES SULLIVAN. Cashier.
—THE—
CITIZENS
BANK
OF SAVANNAH
Capital and Surplus SBOO,OOO
Accounts of Firms, Corporations,
Individuals and Banks Solicited,
MILLS BEE LANE. President.
GEORGE C FREEMAN, Cashier,
GORDON L GROOVER, Asst. Chsbter
The Germania Bank,
SAVANNAH. GA.
CAPITAL SURPLUS AND rN "
DIVIDED PROFITS, *500.000
Transacts a General Banking
Business.
Deposits of one dollar and up*
wards received in Saving* De
partment. Interest payable or
compounded quarterly.
HENRY BLUN. President.
GEO. W. TIEDEMAN. Vice ****•
JOHN M. HOGAN, Cashier.
WALTER F. HOGAN, A*i wm
Cashier.
OLD NEWSPAPERS. 200 FOR**
cents, at Business Offlce, Mor&
News.