davidaulloa/AmericanStories huggingface dataset:
The Montgomery advertiser., 1902-11-16

by New York and indisposed to take the
lead until they have been furnished with
a better guide for shaping operations.
Reports of immense quantities of cotton
in the fields are being freely circulated
and adding to the depression already ex-
listing and as some Of these came from
bulls our parties who have been sure Of
a small crop they are naturally attract
ing some attention and making an impress
sion. The weekly Chronicle report con-
tanned nothing Of importance and other
authorities also failed to throw light on
the subject. 1t seems as II a lower level
is necessary to bring In buyers who will
hold on their purchases with confidence
There was a little buying when the mar
ket opened and prices rose ., to points.
The talk was that the South was having
too much rain, while there were some
features in the statistical situation which
appeared to disturb the more radical
bears element at the same time, the
promise of a full movement the coming
week was a disquieting feature The
higher opening for stocks carried cotton
along to the extent of to 10 points early
in the day. The market was Of the usual
Saturday character.
Receipts for the day were estimated at
5000 against $4,000.
The Montgomery advertiser., 1902-11-16
Weekly Cotton Review by r. M
Scale q CO.

Since our last summary the position OF
cotton has become less strong. as predict
ed. owing to exceptionally fine weather
over the entire belt together with the
weakness exhibited in the January option.
January then was selling at premium of
ID points over March, today only to 8
points. The decline of 25 points this
week has brought about much liquidation
in the January option. and in fact, has
caused the entire market to become less
settled.
Receipts have been heavy, no brisk de-
mand is observed in Southern spot mar
kets for spots, the financial situation in
New York still remains in a state of un-
certainty and all these bearish features
have not escaped the observation of the
bear element, but has proven quite an
Incentive for the further depression Of
the market.
Tho outlook in the near future liz not
so encouraging to tired longs, they on
the contrary are becoming weary of their
position and continuance of unfavor-
confronted with for the past week will
only serve to augment their present uneas-
mess and cause further reduction of their
holdings There is a time when patience
ceases to be virtue and unless offerings
arc absorbed with more alacrity for
March around 7.90, under present condi-
lions, we fail to see how a permanent
advance can be hoped for just now.
opinions nave been advanced that the
January manipulators have disposed of
their holdings and are willing to short
cotton, but 1t would be unwise to place
too much credence In these ideas, as flu
ture developments will better serve TO
prove the true status of affairs as re-
CARDS the January deal. 1t is somewhat
uncertain about a repetition of heavy
receipts for the ensuing week as was
observed last week. as many large plant
ers are reported as being unwilling to
sacrifice their hard earned labors at pre-
vailing prices. Not few merchants and
bankers are indisposed to believe In the
large crop ideas, and should they main
tain their views as regards the size of
the crop and withhold the free market
ing of their spots, this influence sooner
Or later will receive due recognition.
A few more days will likely be neces-
sary to remove the depressing atmos-
phere surrounding the cotton situation,
after which we anticipate q sharp ad-
vance.
Amount brought into sight for the week
was IA $50 bales as against 446 1873 bales
last year. New Orleans estimated re-
ceipts for Monday 22,000 to 20OO bales
against 1916 bales last year. Houston
1900 to 5000 bales against 1928 bales
last year. Galveston 49, 900 to Is 900 bales
against 1850 bales last year.
The Montgomery advertiser., 1902-11-16
MARKETS FOR FUTURES
BELIEF THAT ENGLISH DEMAND
WILL SOON INCREASE.
American spinners Deferred Pur-
chases for Such Decline as
Has Occurred-Demandf for
Cotton Quite General.

New York, Nov. 15.-The cotton market
opened steady at unchanged prices to an
advance of 2 points. Later the market
took level SOS points above the closing
prices of the previous day. The improve
ment was chiefly due to encouraging ca
BILE accounts and belief that the English
demand for American cotton will soon in
crease. 1t is believed that American
spinners are carrying comparatively small
stocks. having deferred purchases for
such decline as has occurred, . 'esulthng
In good demand in most of the cotton
markets of the country in the face of re-
cent speculative. weakness and liquida-
ton. This view has fed to active buy
ing by the larger houses. giving stead
Ter undertone to the general market. To-
dav after the opening advance noted.
there was a recession of 2G3 points under
reports of weakness in the stock mar
ket. Demand for cotton was quite gen.
eral and very active. largely from shorts
New Orleans. Nov. 15.--Cotton easy
sales. $3.50: ordinary, 6 49,; good ordi.
nary. rs; low middling. 3-16; mid
ding, z SIS; good middling lis; mid
dling. fair, "a: receipts. 1880: stock,
274570
The Montgomery advertiser., 1902-11-16
Il. q B. Beers Cotton Letter.


New Orleans. Nov. 1a-Liverpool advices
were better than looked for, consequently
our market opened 1 to 2 higher and i'm
proved to additional later on fresh
buying, predicted ON the raction theory
in anticipation of unfavorable weather.
There was nothing officially issued to in
dictate this; therefore, when the large es-
timated receipts for Monday at Calves
ton. Houston and New Orleans became
known. coupled to the easiness of spots,
values sold off, losing all the gain, clos
tng practically unchanged from yester-
days figures
The temperatures ranged from so to 60
degrees in the belt today. Showers are
predicted over the greater portion of this
district tonight or Sunday. The tempe
nature will rise over Arkansas and fall
over the western part of the district 1 ne
,existing weather conditions are unpar-
ialleled in the history of cotton, and the
barge increased yield hes been due to this
cause.
Estimates are being increased daily,
and killing frost now. IT is claimed, can
do only minimum amount of damage as
Ahe top crop in all sections is opening.
There is heavy accumulation of cotton
In the interior. which is being held for
higher prices in some instances, and in
Others because there is a lack of cars to
bring 1t forward. The movement through
continues free and will be RS long as there
ts an average demand for export
The absence of killing frost so late An
Ahe season, the restricted demand for
0poU anu inc ulSettIeu cOnultlOn OF
finances in New York all initiate against
any marked enhancement in prices. There
Is, however. disposition shown to buv
~on every recession, demonstrating that
,the majority of traders believe in higher
prices eventually. The demand for spots
and receipts will continue to regulate the
future course of the market.
Murphy & Co.'S Qnc.) Cotton Letter.
IBv Private wire.l
New York, Nov. 15.-Cables today in
dictate only a slight decline showing that
The Montgomery advertiser., 1902-11-16

The Financier's Statement.
| New York, Nov l5-The Financier says:
The official statement of the New York
Associated Banks last week showed a
loss of 81, 4ss. 700 In cash Of which 74.1Oo
CONSISTED of specie and s2(S,soO of legal
tenders. The traceaple movement of
money during the week. however. indi-
Gated an estimated loss of $2,647, 400 in
cash or 81. 100 larger than that shown
by the off1cial statement. One feature OF
the interior bank changes which is quite
encouraging and which accounts for the
above noted discrepancy is that the re-
turns of money from the Central South
were more than sufficient to offset the
transfer through the Treasury to New
Orleans. 1t is noteworthy that the loss
of a. 1888, 400 by the banks to the sub
treasury last week was the greatest for
any week since September 10; this was
largely due to customs and internal rev.
enue collections and these are expected
to continue heavy in the near future. The
loans of the banks were reduced S5,5Q6, 400,
rejecting the liquidation which was in
progress on the stock exchange for the
greater part OF the week. The deposits
amount by 81, 1852. 700 than was called for
by the total Of the loss of cash and of
the reduction In loans: hence the state
ment was out Of harmony. The required
reserve was reduced by $1,915,700; deduct
ing from this amount the loss Of cash.
leaves $4,000 as the increase of surplus
reserve. This item now stands at s1S, 32S,-
$50 against $40, 103.825 at the corresponding
date last year. Computed on the basis of
deposits less those of the government,
which were last week reported at $40.89.-
700, the surplus reserve was SzS393.2I
The circulation continues to Increase and
the amount of gain reported last week
was ss04,3o0 One noticeable feature was
the large amount Of bank clearings for
the week, probably due to the shifting of
loans and their changes incident to the
business in stocks on the exchange. The
total of the clearings reported for the
week was 81 Al, 277, S57 or $3.50, 600 900 great
er than for the previous week; the daily
average was 1921. 00o. 900. The clearings on
Saturday. rejecting Saturdays business
when the liquidation on the exchange
were enormous were 1922, 600, 0OO Compar-
isons of changes in the item of loans
show that of the larger banks eight made
a net reduction of So, 100000. indicating
that the contraction of this item was
quite uniformly distributed. Two of the
largest banks increased specie by 81, 100, 900.
The Montgomery advertiser., 1902-11-16
az nd aAa d..
Liverpool Cotton Futures.
New Orleans Spot Cotton.

New Orleans. Nov. 15.-There was
fair demand for spot cotton today, buy,
ers receiving concessicei on nearly all
lasts handled. Sales. 800 bales, includ-
ing 900 to arrive. Quotations unchanged.
Futures opened 1Q2 points up; a further
advance of 344 points was scored but
thereafter values were apparently adrift
moving back and forth over a range of
3d4 points. This condition held up to
the noon closing when the board showed
net declines from yesterdays level of
142 points.
The Montgomery advertiser., 1902-11-16
New Orleans Sugar.

New Orleans, Nov. 15.-Sugar active and
firm :open kettle $500 1-s; open kettle
centrifugal. 3-1s@3 IL; centrifugal
white tS-IOa ga io1l1 1s ye.ow: s-SSps lSIi6;
open kettle 9O9S5; centrifugal 1920
Syrup, 2OQ2S.
The Montgomery advertiser., 1902-11-16
tombstone E Hammond.

The Record Of October Cotton Receipts Tor Montgomery.
The Hurter Compress Warehouse
- Oct 3oth. Total
Bales Cotton ..........l,7e1 17so 1,72s L762 7o7O
receipts cote
and railroads at all other
congresses
ending 7,4o4 o,lof 4,@os $3.50 So''oo
d Hammonds ship
mentsf ronah he
press Warehouse, end ..,
cotton all 9th
and
ending. 4,S77 $3.50 1904 Soo lor~l
statement
that all Round Bale
counted
square bale 8 sPANN. supt,
The Hurter Warehouse.
the Receipts Of tombstone
combined Receipts Of all the
Of ound Of the combined
October
claim Broker Is better
dead o q Warehousemanp
We quoteM iddling sic. November 18th.
The Montgomery advertiser., 1902-11-16

Chicago. Nov. 15.-Inactivity prevailed
today in both grains and provisions but
prices were inclined to higher level.
December wheat closed 1-SQ1-4 higher:
December corn IA higher and oats 1-s
higher. January provisions closed un-
changed to 1-2 higher. There was lull
today in the wheat pit and while there
was a small dip soon after the opening,
the market quickly recovered tlie slight
loss and higher prices ruled the J,maind-
er of the day Decreased receipts, both
local and in the Northwest. unfavorable
weather and a good cash demand were
the sustaining factors. The local crowd
were wary in their dealings. being in
nuenced greatly by what they supposed
would be the action of prominent bull
operator who has been taking on consid-
cradle May recently. The close was
steady and near the top. December open
70 "a and closed 1-s41-4 higher at II 5-S.
Clearances eaualed 10000 bushels. Pri-
mary receipts were 1,lS0,000 bushels, copl-
pared with 1.14,000 a year ago. Receipts,
80 cars. II contract; Minneapolis and Du-
uth reported 1853 cars. a total for the
three points of 867 against LIS last week
and 9l3 year ago.
Corn was comparatively quiet after the
first half hour. Shorts were again fair
buyers of December and that option was
firm, the offerings being extremely light.
May was dull but the strength in the
nearby futures helped maintain a firm
feeling December closed IA higher at
IS after selling between 50 IL and 81 1-6.
Receipts, IT'S cars. % contract.
Oats were again dull and featureless
and the flrmness in other grains was a
bull factor. There was some covering
by shorts while commission houses were
on both sides of the market. The close
was steady with December 1-8 higher at
70 "a after ranging between 70 5-S and
20 IA. Receipts. ISL cars.
Decreased receipts of hogs with higher
VII Arr IN n
in provisions. Scattered selling at the
start resulted in a little easier tone, but
offerings were we'll taken and a tirme-
feeling developed. The clase was steady
with January pork 2 1-2 higher at $15.15;
January lard 7 liz higher at 1905 and ribs
unchanged at S.S7 IL.
Estimated receipts Monday: Wheat, 10;
corn, 40: oats. 800 cars; hogs, A.O00 head.
The Montgomery advertiser., 1902-11-16
Total sales for the day. sss.sOo shares
The leading futures ranged as follows:

Cash quotations were follows:
Flour quiet. steady. No. spring wheat 731
1914; No. 3, 7oQ73 No. 2 red 72%Q72%. No.
corn SIS; No. 2 yellow 5514956 No.s2 oats
2sA; No white 2s933, Mess pork. per Dbl
I6. 97l40 90 Lard, per 100 lbs Io.7o. Short
ribs sides Qoose) Io.ooGlo.I5 5. Dry sailed
shoulders (boxed) 9.5oQ9. CIV. Short clear
sides (boxed) o.ooQ OPS. Whiskey, basis of
high wines, l.32.
The Montgomery advertiser., 1902-11-16
The Financier's Statement.

Wheeling and Lake E. 4s................ 81
Wisconsin Central IS ..................... sls
The Montgomery advertiser., 1902-11-16

Cincinnati, Nov. 15.-Flour, dull. Lard
quiet; $40 Bulk meats, easy; $40. So
Bacon, firm; So 80 Whiskey, $1.32
steady. Sugar, steady.
The Montgomery advertiser., 1902-11-16
Treasury Balances.
Chicago Grain and Provisions.

Washington. Nov. 15.-Treasury balances
500. 539, 81; gold, $114,664,542.
The Montgomery advertiser., 1902-11-16

Wilmington, Nov. 15-Turpentine firm
40 IL: receipts, IS casks. Rosin, firm
81 25 to 81 80; receipts four barrels Crude
turpentine, firm; 81 rs to 81; receipts, III
Tar, firm; $40; receipts, 1877.
The Montgomery advertiser., 1902-11-16
New York Dry Goods.

New York, Nov 15.-The drygoods mar
ket has shown no change today in any
particular feature. Business in cotton
goods is on a quiet scale throughout and
prices without material change in any
direction. Print cloths dull and unchang-
ed Cotton yarns are weak and de-
cidedly irregular WOrsted yarns firm,
but moderate demand. Wooden yarns
quiet and steady. Linen and jute yarns
firm.
The Montgomery advertiser., 1902-11-16
Naval Stores.

Savannah. Nov. 15.-Turpentine. firm;
81. Receipts, 1,249; sales, 1,224; exports,
sos Rosin. firm, receipts, 4,412; sales,
2329 exports. 1000; quiet. A, B, c, d,
81 40; f. 1.45; F. $3.50; G, 81 60; II, $50;
.o5; X. s.. So; NJ, 800; N. 50. so; VIC,
s.. T5;W. W., $4.15.
The Montgomery advertiser., 1902-11-16

Charleston, Nov. 15.-Turpentine and
rosin, unchanged.
The Montgomery advertiser., 1902-11-16
Murphy & Co.'S Qnc.) Cotton Letter

New York. Nov. 15.-Cables today in
dictate only slight decline showing that
the trade there are simply being guided
The Montgomery advertiser., 1902-11-16
MARKS&G GAYLE,
Cotton Merchants.
DAILY COTTON QUOTATIONS
FOR MONTGOMERY.
Based upon American Standard Classics
tion and actual sales-

Based upon American
tion and actual sales-
The Savannah morning news., 1902-06-07
Murphy & Co.'s Cotton Letter.

New York, June 6.--Cotton opened
higher for June, but lower for other
months. Business was of quite mod
crate volume subsequent to the open
ing. The market rallied on covering
of shorts on alleged less brilliant crop
prospects. The Chronicle published a
report indicating 2.06 decreased acre
age. Sentiment in cotton circles is
still bearish, but less so than has been
the case. 1t is quite evident, how
ever, that without some outside devel-
opments wholly disconnected with cot
ton not much of a decline is looked for
until more is known about the crop.
The crop has been doing so magnifi-
Gently that the only possible change of
Importance is deterioration to great
er or less extent and the little that has
transpired in the past few days shows
somewhat less brilliant prospects than
heretofore, in other words the crop has
gone from extremely brilliant to very
brilliant. Stocks at Liverpool during
the week have lost $4,000 bales, and
are now 965,000, or $4,000 more than
last year, while the af1oat is $4,000 less
than last year. Receipts to-day were
1000, against 7,400 last year. Amount
in sight for the wSek was 1854, against
$4,000 last year.
The Savannah morning news., 1902-06-07
TO THE NORTH AND WEST.

trains arrive Savannah as follows:
no. ~, daily from New York, Wash
hgtonr Richmond and Cincinnati, 1850
a. m.
No: SO, daily from New York and
washington, 1905 p. m.
All trains arrive and depart from
the Union Depot.
THROUGH CAR SERVICE. ETC.
trains 80 and "a, NEW YORK
pulled limited trains. with Pullman
Drawing-room Sleeping Cars between
SaVannah and New York. Connect at
Washington with Colonial Express for
Boston. Pullman Sleeping Cars be-
tween Charlotte and Richmond and
Charlotte and Norfolk. Dining Cars
serve all meals between Savannah
and New York.
Trains 20 and 80. THE WASHING
TON, RICHMOND AND FLORIDA
LIMITED. Vestibuled limited trains,
carrying Pullman Drawing-room
Sleeping Cars between Savannah and
New York via Richmond. Dining Cars
serve all meals between Savannah and
Washington. Also Pullman Drawing
room Sleeping Cars between savannah
and Cincinnati, through Ashevine ana
THE Land of the Sky"
For information as to rates, sched-
ules, etc, apply to
c. H. ACKERT, G. NJ.
S. H. HARDWICK. G. P. A., Wash
ington. D. c,
w. H. TAYLoE. A. G. P. A. Allan
ia, Ga.
R. c. BLATTNER, Depot Ticket
Agent, Union Depot, Savannah, Ga.
vannah, Ca, 141 Bull street. Phones
The Savannah morning news., 1902-06-07
REVIEW OF MARKETS
CONDITION OF GENERAL TRADE
DURING THE PAST WEEK.
COTTON FUTURES ADVANCE.
oooD BUYING FOR SHORT COVER
ING AND ALSO INVESTMENT.

,,.,Ie of Interest Doing In the Spot
uorkets-Sea Island Cotton I'm
changed, and in Satisfactory De-
mand-Spirits of Turpentinc Firm.
Rosins Firm, With Advances After
the omciaI CIosing-LOcaI and
TeIegraphic Markets.
The Morning News Office,
Friday, June 6.
With the closing of the official week
- trade circles the cotton markets
chow decided better tendency, clos
ing at New York to-day to 10 points
nm and at New Orleans to Il points
nm The advance in both markets was
attributed to large buying by well dis
,ributed interests. There was some
demand for covering of short contracts
Crop news for the day was in a mod
crate degree less favorable than here
tofore inasmuch as heavy weather was
reported in the Upper Red and Missis
sippi River valley, with a suggestion
nj overfows in the Red river; other
wise conditions remain unchanged and
fayora bic, says one report Inc move
ment for the week will be somewhat
heavier than last week from the pres
eot outlook, but on the other hand the
loss in Liverpool stocks and continent
tai buying will prove feature of some
Importance in the weekly statistical re-
sults. which will doubtless prevent for
the time a further serious decline in
the spot markets. The atmosphere is
clearer so far as contracts are con-
cerned. and the question of supply and
demand will enter more largely into
the speculative mind.
Spirits of turpentine closed firm at
47l2c, with reports to the effect that
after the closing the market was some
easier Resins closed firm and I'M
changed, with sales after the closing
of n and w. G. at an advance of 10c
OH the official figures. Resume of the
markets as follows:
The Savannah morning news., 1902-06-07
H. & B. beer. Cotton Letter.

New Orleans, June 6.-Liverpool adj
vices were not encouraging. conse-
quently our market opened 2@4 points
lower, subsequently the bullish visible
supply statement and claims that rain
was beginning to be needed in Central
Texas caused an improvement of 1907
points from the bottom. Near the
close realizing occasioned some east
ness, making the net gain S@12 points
on the day. The visible supply of
American decreased lis, 900 bales dur
ing the week against 81, 900 last year
and 1872. 900 year before last. The to-
tai visible supply of American is 1864,
900 bales, against 2,069,00 last year
and 1886, 900 year before last. The
thirty leading interior towns during
the week received $4,000 bales, against
80, 900 last year and $4,000 year before
last, and hold in stock $4,000 bales,
against 5000 last year and $4,000
year before last. The total stock of
American ashore and afioat to Liver
pool is $780, 900 bales. against 6SS,O00 last
year. and 900 year before last. 1t
is apparent that there is an under
current of nervousness, always in evil
dence when there is any unfavorable
The Savannah morning news., 1902-06-07
NEW ORLEANS COTTON MARKET.

New Orleans. June 6.-There was a
good demand for spot cotton to-day.
Quotations: Ordinary and good ordi-
nary reduced 1-16c. low middling and
middling unchanged; good middling re-
uced 1-16c, and middling fair reduced
3-16c.
Futures-Apart from the usual ring
trading there was some active trading
at times to-day. Prices opened down
5 points on June and to points on
the other months: advanced to 8
points in a speculative way on the near
positions. eased off to points on the
previous gain under realizing sales by
scalpers, and then worked up some
what briskly under fire of bull trad
ing. The market finally closed with
net gains of points on June, July 9,
August s, September 9, and II to II on
the more distant positions.
New Orleans, June Cotton futures
steady, 9.17c; July. $3.50; August, $3.50
S.5Sc; September. S.07@S csc: October,
7.75@7. 76c; November, 7.65@7 Sc: De-
cember, 1851. 66c; January, 1850
1910.
The Savannah morning news., 1902-06-07

New York, June 6.-Liverpool was
lower under the acreage and crop re-
port of the Chronicle confirming the
government report of Tuesday last.
Detailed reports of the government
weekly report of June show COM
plants were then current in the Allan
tic states of lack of rain. Since that
date there has been no rain and prob
ably none for the next few days. Eu-
ropean buying of new crops on the ba-
sis of the past few days absorbed the
offerings and the market quickly re-
sponded when these reports became
known. The decline and the bureau
report have created a short interest on
a basis that spinners were willing to
pay for cotton. In the summer posi-
tons many of the old-time bulls have
become bears, when spinners are look
ing for cotton here at large premium.
The market will do better unless rain
falls shortly over the cotton belt.