davidaulloa/AmericanStories huggingface dataset:
The sun., 1900-07-25
At Windsor.

DETROIT, July "a The second day Of the Wind
sor meeting proved a great disappointment because
Of the uniowsId circumstances which marked the
day. Rain had fallen heavily since the middle Of
the forenoon and perfect downpour continued from
The time that the were scheduled 10 start until
after the nrst race OF the day had been run In ad
dton 20 this the great feature OF the day the match
race between Sidney Lucas and Advance Guard for
$3.50 was declared OF. The mud larks won all the
events and favortes generally went down. Summary:
First Raco-Seven furlongs-The Lady. i02 Der
gen,, to ,, won: Foneda, l02 Harshbergen, 10 l,
second Al Caskey, lo4 tSnvers. Il. 10 l. third Time.
i30
Second RAcc:-Four and a half furongs-Jm
Nap, los H. WILSON,, TO won. Matn l07 BERGEN,
70 /. second: Virginia I. taIshbergep. 20 70 |.
Third Race Six and a halt turlonvs Miss
Patron. lo6 lBergen) 70 won: Melody lo7 Flint,
10 to second; Prince Of India. il2 taoss). 70 !.
Fourth Race --Lacas sAdvance Guard declared on.
Fifth Race One mile and an eighth Tony Honing,
s;oS second oYsburst % tHaIshOsrseI. i0O !.
Sixth Race --Steepleehsse. short course Jack
Carey, lss Nv Johnson. Is 70 g. won; To!stoi, iss
III wilson 20 70 l. second: Trcotrin. ISL (Neasher
Seventh Race-Six and a halt t,rlonss George
H. Ketcharl 100 y. Lynch, 10 TO J. VOL; Douster-
swivel, Ii2 (Robertson), 70 /. second: r. O. Ban,
liz Flint. TO l. third Tine i;26',.
The sun., 1900-07-25
NEW YORK, 2: PIrrsBuRo. 1.

=, Fred Clarke's aggregation OF ball players
rom Plltsburg were defeated by the tail-end-
ers at The Polo grounds yesterday afternoon
ne game was interesting and free from kick
,hs Both leever and Hawley pitched WELL
lne ne former allowing the New Yorks only Ave
mus Hawley was hit safely eight times Glea-
son made his temperance at second base
Snd accepted seven chances without an error.
me PlttShurgs went out in one two three
order until the seventh inning Then Clarke
nit thr firSt ball pitched TO left field. and by
luick nedin9 by Selbach, Clarke was he'd at
second base. OBrien sacrificed and got his
ease on an error Of Hickman. On Wagner s
" 10 Van Haltren Clarke scored the first run of
We game and the only one for the visitors. New
Iork ied the score In the same inning. Smith
s9t ms base on balls Davis singled TO centre.
snvancing Smith to second. Gleason struck
out Hickman hunted. and 0Connor, who
Sot the ball. threw wild to o Brien, allow ing
smith 10 score Davis also tried to score on
ine eerror, but was caught at the plate. New
hork scored the. winning run In the eighth
inning on two-base hit by Van Haltren and
a"ei'-placed single by Selhach. The score.
The sun., 1900-07-25
pitch q Breitenssein Passsd ball--Kahoe. Umpirs-
Terry Time-i hour and SO minutes
BOSTON. IL; ST. LOUIS II.
BOSTON. July 2L-Ths Bossons won an uphill
night In ten innings to-day The score:

First base on errors-Boston, 4. Left on baaes-Bos
ton o. 81 Louis FRS, base on balls-Of Willis on
its.a by Jones Il by Sudhon.2 Home sullivan.
Burke,t, Wallace. Three.base hit-Stah az. Collins
Donovan. Crlger. Sacrifice hillary Stolen base
Donovan. Double plays Wallace. Keister and
McGann. Hit by pitchef-By willis, 2; BY Cuppy, J;
BY Jones. l. Cmplre-Hurst Time-2 hours and
Al minutes. Attendance 1900.
The sun., 1900-07-25
Many Surprises at Old Saugu,.

BOSTON, July 2A.-There were many surprises al
the opening Of the meeting at Old Saugus track this
afternoon In the 2:2S uo Or. l. who had pacing
mark Of 2:l last year. toed hts second race and
won handily Pug, a rank outsider, was ths Sensa.
ton In the tro coming In sixth In the hrst and
fourth heats but getting rs IN the other three. Gyp
Walnut and hesea were favoriieS for the 2;ic pace
and the former after acting badly In the hrsl three
htals. won. Summaries.
The sun., 1900-07-25
Turf Notes.

GLovBRSvILLH. July "a Owing to the classes not
flling the Hudson and Mohawk Valley circuit races
have been declared on at Berkshire Park The John
r. Gentry Joe Patchen race is also OF. the former
beng very lame. Joe Patchen will go against the
worlds pacing record. 1904. held By Star Pointer
on Thursday
The sun., 1900-07-25
on OTHER TRACKS.
At Hawthorne.

CHICAGO. July - u H. Smith. known In West
ern racing circles as Texas Smith. was ruled OF
the turf By the stewards Of Washington Park Club
brbe 10 Withdraw bid for horse 10 selling Tsce
The sun., 1900-07-25
baseball Games To-day.

NATIONAL LEAGUE AND AMERICAN ASSOCIATION.
Chicago a. Brooklyn. Pittsburg at New York. Cn-
cinnau at Philadelphia. 81 Louis al Boston
EASTERN LEAGUE
Providence a Syracuse, Worcester at Montreal,
Springfield at Rochester. Hartford at Toronto
OTHER GAMES
State Hospital Va Murray Hills, at Morris Piaina
The sun., 1900-07-25
The record up to date
Won. Los
Gossip Of the Ring.

N. NJ. New York-It was a knockout
T. j. j.. Stoney Brook-He had 10 knock him out TO
win.
There Is Letter u hi, once ;os "Honess' John
Kelly.
The sun., 1900-07-25
Al 81. LOull.

ST LOUIS. July "A violent rains.orm broke
Just before post time transforming the track into
canal II was day of favorites Summaries:
First Race-Five and q half furlongs s-Toney Lep
ping, llS IDominickl, II to 10. won; Duke Alexis
ii2 (Hinkey), 10 TO second Blumist, lis (Talley),
) to !, third. Timf, l:i5%
Second Race-SG and 4 half furlongs Col Gay
iOg FROST, ) 70 ., won Aandamus 9S (Talley), 3 10
l.. second: Percy r. ioS Gilmore. TO l. third
Time. l:2oh
Third Race-ons mile and . sixteenth -siddubia,
90 Dale 10 1, won. Fl Csney. "a (McGinn), le 10
5. second: Jimp. 1o7 tGimore), TO l. third Time.
1887
Fourth Race-Six furlongs-Lord Neville ios
Dominica, 4 TO Q. won Theory los cTulletp, IS 10
Time li5k
Fifth Racc-one mile -Ho,tentot ll2 CCrowhursp.
to /. won; Sprung, l09 IL. T. Woods, IL 10 10,
second: Rodd, l02 DominlcE, Q 10 l. third Time.
l:4Sn
Sixth Race-Four and half furlongs-Rainy Day.
us lCrowhurst, to !. won; JulleiA b. ll5 "a
Morrison, 70 l. second; The Thrush, il5 DALE, Q
TO |. third. Time. 0,5ss
The sun., 1900-07-25
The Munich Chess Tournament.
Special Cao,e Dtspo,eh to THE sun.

SDftIdI u0f DFfpdNU 70 HE SUN
MUNICH. July 24.-The results 70 day; Bnlecard
drew with Poplel. Schlechter drew with Cohn. Sho-
walter beat Bardeleben. Pillsbury bcat Gottschali
Marc, beat .janowSki. Halprn beat Berger, Wolf
beat Jakob and Burn and Marocly adjourned their
game In an even position.
The sun., 1900-07-25
:,lA. 2:2lh. 2:22A.
2.le class, pacing; purse Sl00:
AZ. .,,a JHshe, n m -hy Iittls Hs n, ilton
The winners at Erie.

ERIE. July 24--The nrst days faces Of the Lake
Erie and Northeastern Ohio Circuit at Reeds track
was marked by no extra tune. Tn. track was not
fast and the threatening weather kept down the al
tendance II was a poor day for favoriies. only one
winning In the three races The 2.l9 uot was the
best OF The day Summaries
The sun., 1900-07-25
Interstats League.

A. whee,ing-wheeling, 0; Youngstown, L
Al Columbus-Colum bus Q; Dayton. !.
A. Toledo and Fort Wayne-Rain.
The sun., 1900-07-25
New York state IIeague.

4! Ecme-Rons. is: sehense.sdys
A. 0swego- -rrR game-Oswego. .; Uuca, I
Second game-0swego. 8. Utica. D.
Al BinghAmton = First game-binghamton. 10:
Albany. g. Second game Bling hamton, 4: Albany, O.
The sun., 1900-07-25

Two base hlts-Day Childs. Three base hits
'snr. Bradley. Home run--Green. Sacrifice hit
ontckard. Stolen bases Jones. Sheekard ,2).
eTois-brooklyn, 2; Chicago, 3 First base on balls
On dMvin. 4: on Howell, Struck out-By Gar.
nh T. oy Nops ?: by Howell. S. Hit by ptchrr-by
Gaiv!n BY Nops, 2. Lefi on bases Brooklyn, o.
Smeaso, o. Umpire -o'Day. Time-2 hours and so
minutes Attendance Il 300
The sun., 1900-07-25

Lawrence Patella Of Italy. who recently arrived
In th, county, wants to swim any man IN tho
world. Capt Reilly or Thomas CLARK. both OF consy
Island preferred Leo Psrdello, ne wrestler. & hss
once Last night and said that his protge was ready
70 swim any body for good sized side wager.
The sun., 1900-07-25
American Lsagas.
A. eapolis- Detroit. 10: Minneapolis, ..
A. Chicago. Kansas City and Milwaukee-Batn.


A. Nontreal-worcester, .; Montreal. 1.
~ Syracuse Syracuse, ): Providence, l.
A. Roehestor-Rochester. o; Springfield. .,
A. Toronto-Rain.
The sun., 1900-07-25
Csunectieus state Leasus.

A. Msriden--Nsw Haven. 5; Meriden, l.
A. Waterbury Bristol. 9; Waterbury,
A. New London-Bridgepo port, Q: New London. 2.
Al Norwich-Frst game-Norwich, 10; Derby, s.
Second game-Nofwich ~. Derby, J.
The sun., 1900-07-25
Fayorites Beaten at Port Jervis.

PORT JKRvIs July 2l-The nrst day OF the mid.
summer meet OF the Port Jervls Driving Park to-day
was a gratifying success Favortes were beaten in
both events ana the talent lost heavily Flora H. was
place Eric was the pick In the 20 trot, but was dis
tanced for running In the fourth heat The PAGER
Cute the 'Guideless Wonder" owned by " Il Strong
OF New PaltI. gave an exhibition mile In 2:3s. Sum
The sun., 1900-07-25
Big Crowd Out TO See the Harness Racer,
at HolyOke.

HoLYoKE, July "a Probably the largest crowd
that ever attended the opening day Of a Juy meet
OF the harness hoEss here present u witness the
frst OF four days o acing at Sprin gdale PARK this
afternoon The weather was most favorable Philip
T. the 1 s trot In three straight heats and Jim
Mace the 22S pace In six. Summaries
e,s5 class paclnQ. purse $500
The sun., 1900-07-25
On. lie SCOT e
Nvw ynuK

s, " uaN on errOrs-PittSburg, 2; New York, j.
on h oI Phtsburg. 4; New York 4, First base
Hayfns IN Lever, /. Struck out By Lever. >; by
orong, o. sacrifice hit-O' Brien. Stolen bases s.
and hnv, oe,oach Double plays Hickman, Gleason
Iimn,sE Wo base htS-Clark. Ely Van Hal,ren
SmsHe' Tme-2 hours Attendance 200.
PHILADELPHIA, .; CINCINNATI I.
en.LphpELPHIA, July 24.-In a faultle.s feldlng
s'.s n'.Sde lphia defeated Cincinnati Orth pitched
SalIs .mec'lve game. giving only one base on
WsIs oneh,trin was also effective so far as hits
neVeloped into runs Attendance s,2Is. The score:
The sun., 1900-07-25
NOTES.

The Executive Committee OF the New York Stats
Division. l.. 4. W, will meet tonight at the Marine
aud Field Club. Bath Beach. where the members Will
be guests OF chief Consul Milo NJ. Bedding
The n c A. circuit meet with mile cham pon.
ship scheduled has been declared OH because tho
spIinuug stars failed to enter.
The sun., 1900-07-25

ns,eoa"' Warrington Park. 4 p. N. To-day.
hfooElyn vs. Chicago. Admission csc. and soc Ada
The sun., 1900-07-25

Ton. ...:.,.:,.".o 81 osoi % y
Batteries-Sheehan and Roth: Werner and Doons
The sun., 1900-07-25
.: CINCINNATI I


Lev on oasesIsineinnaL 5; Philadelphia o. First
uWIrDy nfeiIens'tin. By Orth /. Three base hit
,r,, S,re'"n. So hae hit Flick. Sacrifice hit-Dele-
i.na' no,h nonhth nases.Thomas, Slagle t2l, Mcfar.
'n"e DOuoie pay-Cross and Delehanty Wild
The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1900-03-09
PEACE NEGOTIATIONS.
Rumors of Their Opening by Transvaal
Government.

London. March 5--A special to The
Times from Lorenzo Marques. dated
Sunday. March 4th, says that persis-
tent reports continue TO prevail that
the Transvaal government has opened
negotiations looking to the securing
OF peace. On the other hand. IL Is as
serted the Beers will make a stand at
Glencoe and Laing's mex. and that in
the meantime h entertainments at
Pretoria are being extended in antici-
patton OF a siege
A conference between the Boer pres
idents, il is added. and the general
commanding the Beers in northern Ma
tai was hurriedly arranged on receipt
of the news Of General Cronje's sur
confirmation Of the surrender was
withheld from the public.
President Kruger sent a fervid relig-
ious appeal. with orders that il should
be read by all the officers to the burgh-
ers, urging them to stand fast n
strive in the name of the Lord, for,
unless they had faith in Him, coward
ice would set in and their position
would be hopeless the moment they
turned their backs on the enemy.
Their past victories, he declared,
showed that the Lord was on their
side. The president besought the
burghers not to bring destruction on
their progeny.
Continuing the special says that a
high authority in Bloemfontein de-
clares that in the event of a repulse
of the Free State forces, the latter will
retire toward the Transvaal and unite
with their brethren there, maintaining
the struggle to the last.
The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1900-03-09
MARTIAL LAW
Declared in Cape COlOny-Boers Trek
king to the Northwest.

O%sfontein. Saturday, March 3.-Gen-
eral French yesterday afternoon no.
ticed a body of Beers trekking north
west and sent a squadron last night to
keep in touch with them. This MORN
ing the troopers were followed by
about $50 Beers, who advanced around
a hill, but who retired precipitately
when the British shelled them. The
Beers then opened a heavy fire with
Maxims and also began firing from a
kOpje in the center of their position,
with a large fifteen FOUNDER. The
Boer ~trekking, in consequence of Cen
eral French's movement, was temper
arily stopped.
London, March 5.-General Buffers
revised list of casualties from Febru-
airy 14th to February 9th gives SO
killed, 6S4 wounded and % missing.
Cape Town, March Sir Alfred Mil
ner has issued the following proclama-
ton:
Whereas, The enemy's forces have
invaded the districts of Prieseka, Ken
bardt, Britstown and B~arleywest, and
Whereas, Many British subjects
have taken up arms, and
Whereas, 1t is necessary to repel in
vasion and suppress rebellion, now,
therefore, martial law is hereby pro-
claimed in these districts"
Cape Town, March "a strong force
of British including the Kimberley
Light Horse, is marching northward,
from Kimberley.
1t is expected that the crossing of
the Vaal river be disputed at Fourteen
Streams. where the railway bridge has
been wrecked.
The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1900-03-09

Alderman Springer reported three
new lights placed in the market house
shed and said that complaints are
again multiplying against the street
light service.
Alderman Parker at the request Of
Mr.. w. H. Todd asked for an oil lamp
10 be placed at the corner OF Wright
and Front streets. The request was
granted.
Alderman MacRae reported very sat-
1~sfactory progress on the street sur
face grading and other sanitary work.
For the streets and wharyes commit
tee he reported that the work at the
Burnt Mill creek quarry had been de-
layed some in waiting for a steam
pump with which to pump out the wa
ter which accumulates in the quarry
with every rising tide. He expressed
belief that the work would very soon
be under full Roadway.
For the fire committee Alderman
Taylor reported hat the system had
been rewired and the board authorized
him TO purchase a number Of appli-
ances needed by the department.
Mr.. w. NJ. Cumming appeared be-
fore the board and asked hat improve
ments be made on Wooster street. es-
pecially that the street be opened to
Delgado mill. The matter was refer
red to the streets and wharves commit
tee.
The board adjourned about 1880
o'clock.
The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1900-03-09
MERIT RECOGNIZED.
Captain NJ. r. Peterson Promoted to
Major of Volunteers.

Correspondent of the Messenger.)
Clinton, N. c., March ).
Mrs. H. c.. Peterson is receiving con-
gratulations over the recent appoint
ment by the president of her son, Cap
tainn NJ. r. Peterson, commissary of
subsistence, United States army, to the
grade of major and commissary of
subsistence, United States. volunteers.
When thae United States declared
war against Spain Major Peterson
was then first lieutenant of the Sixth
United States infantry. and was short
ly afterwards appointed major of the
One Hundred and Sixty-first Indiana
infantry, United States volunteers,
which commission he resigned in No
vember, 1898, after having been ap-
pointed captain and commissary Of
subsistence in the regular. army. I'm
meriately after his resignation he was
ordered to Matanzas, Cuba, as
purchasing and depot commissary
there. He performed his duties SO ef-
iciently that in April 1899, he was APP
pointed chief commissary of the de-
partment of MatanZas and Santa cara
on the staff of General James II. VIII
son in which capacity he is now serv-
ing.
This appointment is very compli-
mentary to Major Peterson, as he was
at the time of receiving this promo
ton the junior officer in the subsiS-
tence department Of the regular army.
The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1900-03-09
THE NORMAL COLLEGE.
commencement June 20 Hum
dred Students Present ~ ShelI-FiSh
Commission Finances.
(Special TO The MesSenger.)

Raleigh, y. c., March 5.-President
McIve-, of the State Normal and In
dustrial college, says commencement
exercises will be held June Goth with
the special ceremony of laying the cor
ner stone OF the students building, for
which the students themselves are rails
ing $40, 900. Three hundred students are
present and all are well.
President McIver's little son, who has
had typhoid fever many weeks, was
out today for the first time.
All of the senior class, numbering
thirty, have returned and nearly all Of
the juniors.
The state characters the Eastern To-
bacco Company, of Wilson, capital So
900. The company will manufacture to-
bacco and fertilizers.
Returns made up to today by the
state treasurer, of receipts and dis
bursements of the shell fish commission
for the past five years, show receipts
of $685. $3.50, disbursements $24, 40.
The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1900-03-09
Messenger Bureau,

Raleigh. N c.. March D
Yesterday morning there were two
fires here. at the church hour. The
first was at the home OF Secretary T.
K. Bruner. OF the agricultural Depart
ment- 1t was in the roof. and again
the water company failed to give pres
sure. The hos had TO be taken to the
second story. The second failure OF
the water company. following that at
the tobacco warehouse last wednes-
day. has both irritated and alarmed
the people and a brought matters 10
a climax. The aldermen are making
an investigation There Is talk OF suits
by the Insurance companies
The other fire followed that at Mr..
Burners and was at the cotton plat
form OF the Southern railway. By hard
work all save thirteen bales were kept
from injury. The loss At each fire was
about $3.50.
The action which the American To-
bacco Company took here Saturday al
ernoon TO head of William A. Guth-
RE. who had given notice he would
ask for the repeal OF the charter OF
the Blackwell Durham Tobacco Com
pany. was not unexpected. lie will ask
for the charter OF a big antitrust to-
bacco company. The odds are that the
legislature will enact some very strin-
gent antitrust legislation There is
now an antitrust law. but IL is assert
ed that il IS defective in some respects.
y choral society has been organized
here. with a large membership. and in
May Will give a music festival or an
oratorio.
The pressure OF applications for
rooms at Pinehurst is so great that Mr..
Tufts has been compelled to fit up fifty
rooms in the partially completed Caro-
lima hotel. and these are all filed. He
Will this year build yet another hotel.
Last week Miss Martha Haywood.
daughter OF the late Mayor William
Dallas Haywood. died at her home
here OF pneumonia Her three sisters
We're sick with the same disease. and
yesterday two more OF them died. The
survivor. herself at Deaths door, was
taken TO the hospital.
\ voluntary petition in bankruptcy
was filed today here by j. Il. Wilson &
Co, general merchants. Of Warsaw.
Miss Otis, daughter OF General r. s.
Otis. commanding in the Philippines.
is expected here this week. as the guest
of Miss Jane Andrews, daughter OF
Vice President Andrews, OF the South
ern railway.
The last arrivals at the penitentiary
are four convicts; one a white man
who gets fourteen years for the muir
der Of a white woman; another a negro
who gets eight years for the murder
of a negro woman.
The board of agriculture meets IN
quarterly session next Wednesday.
During last year there were S.357
trials in this state OF persons charged
with crime, a decrease OF no less h
1872 from the year before. OF the
trials 1886 were Of whites. or 52k per
cent, and 1874 of negroes. or 47h per
cent; Indians were charged with II
crimes, women with 563. There were
5,402 convictions. or ca per cent.
The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1900-03-09
ENGLAND'S WAR EXPENSES.
The Budget for Next Year of ELSA, OS2,
900 Voted by House of Commons.

London, Maerch 5.-The house of
commons vas in session today and all
the public galleries were thronged in
anticipation of the budget statement.
The return of the chancellor of the eX-
chequer, Sir Michael Hicks-Beach, who
introduced the budget, shows that an
expenditure of Elsa, 0S2, 900 Ia to be
provided for in the budget of 1900-1901.
The same statement shows that the eX-
cheQuer accOunt of 1S99-1900 would
have given . surplus of 95, 000, 900, but
that the supplementary war estimates
Of G23, 600, 900 makes the expenditure
exceed the revenue eli, 40, 900. The
budget provides for raising e35, 600, 900
($175, 600, 000) by bond or stock repayable
within ten years and shows a deficit for
the coming year estimate at G31 ,000,-
600.
The chancellor of the %excheuuer an
nounced that the country had to face
a total estimated expenditure, in con-
sequence of the war of no less than six
times as much as had been estimated
in October last. He explained the va
rious reasons which led to the early
introduction of the budget, including
"a desire to afford 10Th our adverse
ries and foreign critics proof of our
earnestness in the work in which we
are engaged"
He dwelt with satisfaction on the in
| crease in the actual over the estimated
revenue, due to the steady and sub
J Stantial increase of business, and
T; pointed out that as the increase in the
| value n volume of foreign exports
| had been quite exceptional, it vas not
at the expense of home industries.
Reviewing the principal items of
| revenue, the chancellor of the eXche-
quer said tobacco had been disappoint-
! ing and the increase from wines was
I not as large as expected, which was
| perhaps due to the absence of the or
| binary winter festivities.
Against the estimated expenditures
Of G154,0 S2, 900 for the coming year, the
chancellor of the e~xchequer estimated
the venue on the existing basis OF
taxation at e116, 900, 900, or a deficit OF
$751; 00, 900.
He said the government had made
the best calculations as to the amount
it ought to ask from parliament with
a view Of a successful prosecution ol
h war; but it was impossible to bt
certain when the war would be con
Guided, and the expenditure might bt
larger.
The house of commons adopts tn
governments budget proposals.
The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1900-03-09
THE BOOM IN COTTON.
Cotton Houses Buying Next Years
Crop at TX and 8 Cents per Pound.

Atlanta, Ga. March 5.-The Journal
says: Cotton took another leap today
and at the close the market was at
the highest figure in years. Atlanta's
spot went to 9A cents. At present
prices cotton is worth about $40 per
bale more, and the crop about $50, 000,-
600 more than it was on New Years
day.
The cotton market is excited and
speculation heavy, but the most re-
markable and significant feature Of the
present situation is hat cotton houses
are buying next falls crop, seven to
ten months ahead of time. This is not
a purchase of futures in the ordinary
sense, but a contract to take actual
cotton when it natures and is ready
for market.
Prominent cotton firms are offering
to take next falls crop at IN to s
cents, and a great deal of cotton has
been sold to them already. 1t is re-
ported on what appears to be good au-
thority, that the fertilizer companies,
who will receive an immense amount
Of cotton in payment for fertilizers,
have already sold the contracts at
about ~ cents to cotton houses.
The question naturally arises: How
can the cotton houses afford to buy
next falls crop? The answer is easy.
They can sell it as they buy it, ahead
OF time, and they are doing SO.
The speculative market is such that
all cotton a be sold in New York
a fraction over s cents, and when a
cotton firm buys cotton for actual de-
livery next fall, it protects itself from
hazard Of h market by buying
futures to the same extent.