davidaulloa/AmericanStories huggingface dataset:
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-05-13
APATHY AMONG BULLS.
HEAVY SELLING BY "SHORTS."
Liverpool Started the Decline and In
Face OF Some Favorable Features II
Proceeded Throughout.
AT TIE CLOSE /.


Liverpool, : to t-2 points lower.
New York unchanged 10 9 points
down.
New Orleans, 6 to 10 points down.
SPOTS:
Liverpool, t-32d lower.
New York, 1-9e lower.
Houston, 1-sc lower.
Elsewhere, unchanged
The week began in the cotton market
quite as the former one ended. The bears
held possession Of tho feld and from al
Appearances with perfect ease The phll.
o'opby OF the speculative world receives It's
shocks rot less battling than those which
mt at sea NIL that scientific knowledge
stands for. There is no signal Of volcanic
trnnt.on' thor Fh some have professed to
hear a "rumbling" that does not augur well
Tor the short interest in July and August
contracts. II Is quite plain. however, that
hulls and bears alike believe there Ia 4
mystery about things on as well as under
the earth, and under such circumstances
opinion reverses itself without apparent
reasons for the change. Surely half
cent decline should more than satisfy all
warnings for reaction. and the influence
Of the technical surroundings yesterday
would have led TO higher prices Apathy
was very general among the friends Of the
commodity, and with depressing foreign
advIces to start the current. the value scale
lowered a steady rate Of decline
The figures OF the movement might have
given alarm to those who have not op.
Grated on a basis Of exhaustion Arrivals
NJ outposts showed shrinkagc Of fully 80
per cent In tho statistics for estimated
receipts hundreds appeared where thou
sands occurred in 1901 Reports from dve
leading interior centers gave receipts Of
4GOo bales since Friday. to compare With
10000 for a similar time last year. and a
comparative stock Of one half of the former
Such conditions counted for little and
shorts" extended their lines on the selling
side with the same holiness. on any con
scquent rise'the pressure Of liquidation was
kcenly felt. md between these forces the
aims Of the bull were nlpped In the bud
Considerations Of the new crop held the
boards for time, and 1t may be said that
much OF the hesitancy came from this
source There was an effort to change the
entire base If operations 20 the Inter op-
tions and leave the held OF the summer
months for exclusive trading by those who
hold the remnants and those who desire IT
for actual ccnsumptive needs. Such a move
he'd its erect under the promises Of what
the incoming yield viii afford, aud the cues
tion OF supply and demand was thus tenn
ported IN It's relation 10 the general situa
tion Fluctuations took a TIT that gave an
dir Of decisiveness TO the decline, and
bulge In the early hours made the only at
tempt toward a rally. II Is worthy OF note
that the absorbing power was heavily en-
gEed at e5dain lines and outside advices
ed th,S ale mark slightly lower would pre-
4pitato such 4 demand as has been seen in
recent days.
Liverpool was the leading spirit In the
weakness II the day. Sales on the SPOT
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-05-13
KANSAS CITY.

Kansas City May l2.-Cattle- Receipts
ket for best steady; others slow to 10
lower; choice export and dressed beef
steers 6,Ioq7 80; fair to good 50566 80;
stockers and feeders 3.0od5.6O: West I'm
fed steers 5,00@6.60; Texas and Ind an
steers 2.9od600; Texas cows o.75Gf5 90.
native cows 2.50d6OO; native helfers OOG
$50; Gamers 1.T5d2.75; bulls 3OOf5. 10:
caves 3.Wq6 40 Hogs Receipts "a. 500:
market weak 10 . lower; heavy 1851. 70:
mixed packers 7.O0d7 %: light q 7097 40
workers G.N0H7OO; pigs OOd6. 20 sheen
receipts $500; market active but steadv.
5.I5d7 Is; native wethers 3 100000. INnlus
ern wethers i50d6. Is; fed ewes 4 SogI5 81.
Texas clipped yearlings 5.7566 o5. reyss
ers 2,90G4.T5. "nu ieeu'
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-05-13
TO IMPROVE SWINE BREEDING.

and three generations back were brought
up and trained to cleanliness But when
once we have succeeded in breeding fam
lily of swine that will Of their own yolition,
and without human coercion. choose pure
surroundings in place Of mire, we vii feel
that a great victory has been gained.
The next move will be 10 cross the breed
with the least filthy of ordinary hogs II Is
a wEll known theory OF evolution that once
a progressive tendency becomes implanted
In the life of a species OF animal, its devel-
opment along that special line is more rapid
than nlong the hentcn tracks. ~
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-05-13
COTTON MARKET QUOTATIONS

Good ord ......SsS Mid fair ,.,, 10 l-16
Low mid. ....9 1-16 Sales ....... None
New Orleans Spots closed steady prices
'sc down; stock 174,i0T bales
low ord .....7 9l6 Mddlng ... 9N
Ordinary ....sM Good mid 90. pll1d
Good ord...... - Mid fair 900. l0i4
Low mid,.....V Sales .......t.. 4, 100
New York-Spots closed quiet and steady;
prices unchanged; stock 101,l57 bales.
Good ord.... SIS Good mid 49, 9l5l6
Low mid. .,.. .9i4 Mid fair 40 ZIG
M.ddltng. .0% Sales ....,.., $50
Liverpool Spots closed easter: business
moderate; prices 1.S2d down; sales 1000
bales, of which 5000 were American. spccn.
lntlon and export 1000 bales; Imports 5000
bales, Of which 400 We're American
Ordinary ,....4N Middling ....5 $50
Good ord .,...4ls Good mid x T-G2
Low mid ......5 Mid fair ..,,,5i5
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-05-13
lambs, clipped, 5.25@sSOi veesa Z


st. Louis. May 12.--Cattle-Retilrnps
including 2S00 Texans; market steaai. )
ping and export steers 5.50al "; I, ~ y
beef and butchers steers 5,OOaos, =,
under 1000 pounds 4.30G6 40; sieeAt,,
feeders 3.00Cd4. 80; cows and heller. Y
6.25: Gamers 1902 90; bulls Il7s'
calves 4,50d7.0O; Texas and lndisn Y
4.45d6.o0; grassers S.50d450; COWS
heifers 2G0td4. 30. Hogs-Receipn X Y
market better; pigs and lights ~ ~
packers 6.90GT 10; butchers W.
Sheep-Receipts 1000; market NJ
steady; native muttons 4.5cMoT Z
5.ooG6.T5; culls and bucks 40oeiR
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-05-13

81. Louis, May - Poultry -Firmer;
chickens ioai2; turkeys S. ducks 81, geese
fqs4 Butter Steady; creamery i7Gls.
dairy i6ef20 Esgs-Stcady Ia
New York. May II Eggs -RecelntS 90
SIS packages market irregular western al
mark l6A@i1ls; Southern at mark II
Chicago May 10 -Ruttcr- STEADY; cream.
cry lS0t22; dairy 1sd20. Cheese Easy i2a1
IL. Eggs -s.eadys fresh re-.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-05-13
nANK rIrAR1NGs
7WWIN % ; -I-''7ffIEV y '77TT TO
NEW YORK EXCHANGE
'lchmarks. CONNER To-day. Satu
Vi al gD dayg 81 11-1G ~
LESS 11e.
ondon Financial Cable.

New York MAY 12.-The Commercial Ad-
vprtisers London financial cnblegram says.
The stock market today was inactive and
irregular In the American department the
New York bank statement and the coal
moderate rise. with Union Pacific LEADING.
The local speculative account was small in
Americans but New York dear money
cTused much New York stocks to he carried
here
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-05-13
NEW ORLEANS.


Especial 70 Tine FusrI y,
New Orleans. May 1.-THE New " y
live stock exchange reports: 1oca
scarce and in demand. good cows
ers firm; good calves rule steaay ~ ~, ,
active; full supply OF common % ~
weak. Market bare of cornfed h@''
bare of sheep.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-05-13
MACARoNI SHIPMENrs

Victoria. Texas, May 1o-Tbe ,oi,ov.t.
shipments OF live stock were made duri y
me past week from points on The Nav
York, Texas and Mexican, and cult west.
err Tsxas and Paciac railways
Bruce one car cattle to Houston -
- tuesday, May 6.-From Edna Pens. g
Branch, one car calves 10 New Orleans.
from Iuez Bennett 4 West one car calves
Thursday, MAY s. From CoUad. II IN
burg. two cars to Algters; from Fi Camno
r; cornelius, two cars cattle 10 81. T.onIs
Sdntgrday' May lo-From Van Week: n.
70 galveston; from Aloe; Fleming & mia
cars TO St Louis ''''" elsht
sunday CAV May ll-From Aloe; ]. NJ. Chit.
uoni' "u''een cars yearlings to Sponord.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-05-13
London Consols.

London. Nav 70. Consols Tor money
"a IL lG; account o4 1l6 Bar silver un-
certain. % l.l6d per ounce Money 2i4d
"a per cent bis count fot short and three
months bills 2M per cent
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-05-13
GALVESTON.
HIDES AND WOOL

Dry flint hides ........,.'''-''
Dry hint kips ,.....,..' Sc
Dry salted hides ana hiPs' Qs 2
lected ............... ;,,. e.
Wet salted hides and AlpA q
lected ..........-..-.'''' 70 2
Sheep pelts ..,...,..'.'''''' H..
Deer skins. fiints ....'s'''''', y
Goat skins, flints ....''.-''', y :
Horse hair -..t.....s'.t9
Wool. free medium, 3 70 - 10
months. free from bnrs. ~ otlH
Wool. free fine. 8 to u mop'N
BeeSwax .......s'''.,'-' W
Glue .....,.....s.''' 4
ST. Louis. May II. woman ff;..,
tive for new clipped, Meu. aos 80
l7ls: light me i29l5; nes's
washed i5@24ls.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-05-13

Chleago, May l2.-Catte- Rece,p,s sooo
s,sess s sSsi7e ana steady good to prime
stoekers and feeders 75Si5 sS con.s ~. ~,
500 heifers 25oQ64O; canners ,ozi - ~ .at
f SS's steers saS S Se calves 2ooq6oo Texas
oCo' market lower. closed act,vs. nj, itPts %,
butchers bsSaI 22ia; good 10 chnics Nm. anu
2sei S2is; rough heavy 6aO,5T ' ~. nnna my
s ~, sSssn SHEEP Receipts 5000 strong rsn
60 choice wethers ) T5sia 80, far vi sNoa
mixed go Ias Western sheen S-s suo pne
native lambs clipped 5oo@e. 90; yyaS on
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-05-13
NOTABLE DECLINE IN STOCKS.

sequence was the melting away OF some
recent unexplained advances in some OF the
most substantial stocks on the list.
| The coalers had the additional burden of
| the strike TO carry. Union Pacific ana
| southern Railway were conspicuous FOR
comparative 6rmness during the whole day.
The market closed steady with some ~
coverics
Among the days notable declines may BIZ
mentioned General Electric II, with a re-
covcry of 49, Westinghouse Electric IL, the
first preferred OF; North American g. Del
aware and Lackawanna 10, Chicago, St
Paul Minneapolis and Omaha i0ls, New
York. New Haven and Hartford s. Chicago
and Northwestern 6M, Delaware md Had
son AZ Chicago, Indianapolis and Louis;
Vile 5h, New Jersey Central 4, Long Island
A. The list OF declines running from
TO points is too long for enumeration
Money went to 10 per cent today and re.
coded to G, only after the principal demand
was satisfied
Bonds were weak in sympathy with
stocks. Total sales, par value, S3.24o,OOo
BANK CLEARINGs.
Following are the clearlngs of the Hous
ton banks, together with the amount of In
crease or decrease over last year:
This week Last week Inc.
Saturday $21F2.212 81 .6641 40 S4s7, 461
Monday go. 2,2OU,S46 LOS S5 iu2,oU1
NEW YORK EXCHANGE.
Relchmarks CONNER Today. saturday.
clal so DAYS 80, % lie o. Il. 16
Commercial 60 days 4 s43t. 50 4 SAYS
Bankers. 90 days. ......4 STA 4s4A-f
Srinncrs .............4S 81 asa
| Francs. commercial, GO
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-05-13
GALvEsToN sTocK.

New York. May ~ Sugar RAW, barely
steady; fair reclining 2y; centrifugal rs test
sh' molasses sugar %. Renned-steady.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-05-13
Houston Comparative Statement

Gross receipts thus far this week lis
Gross receipts 80 days this season 1 ,96S. 6S2
Gross receipts 80 days looO-1R0l. ., 25S 5T7
Gross receipts 90 days lS90-lO0O. ], 73S, SOS
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-05-13

comparative spot Markets.
Quotations for middling cotton al other
apot markets. together with the sales.

othI Spot Markets.
Galveston %iots closed nominal; prices
unchanged; stock 66,bs2 bales
Low ord .s...7k Middling .1 T.l6
ofdinafy.....,s Good mid l1.io
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-05-13
Houston Railroad Receipts.

Following are the receipts OF cotton by
the various rnilroads entering the city.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-05-13

The range OF prices at New York and
New orleans for the active months was as
follows
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-05-13

New York-Spots closed quiet and steady
prices unchanged; stock 10l, 1877 bales
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-05-13
Net Receipts at All u. S, Ports

Totals $50. 5.0a6 1a.26S 1888, 5al 6.l78. sse
Last year .i0,2T9 1871 d.sT0,6s6 ...,...
The Montgomery advertiser., 1902-02-16
R. M. Scale & Co.'s Cotton Letter


 NEW ORLEANS, Feb. 15.-Everpool was not disappointing this morning. in as much as some decline had been looked for in that market and 1t occurred to the extent of 2-64 In deliveries while spots participated to the amount of 1-32 with the tone called dull and easier. The ef- feet of this action on American markets was exceedingly slight and of very short duration. Traders on this side are paying more attention to local surrounding and while Liverpool is apparently quite com fortable at the moment in possession of liberal stock that was accumulated largely during the season when Southern holders were pressing sales in an m- discriminate fashion, numerous reports at hand now of depleted stocks at in- terior towns and the belief that Ameri- replenlshing their stocks of raw cotton, cause the present scale of the movement to be ignored, and the demand from both trade and speculative sources has improved considerably. Closing prices here are firm at an advance of about 5 points over yesterday. A basis for the impression that American spinners will out the remainder of the season may be readily discovered in the weekly mercan- tile reviews which depict f1ourishing condition of trade in manufactured cot ton goods in this country. An increased demand is reported for all varieties which are heavily sold ahead, and deliv- cries are often later than the specified date. With such a condition in view if is no wonder that the good feeling in the of the movement, and it is not difficult to conclude what would happen. if ind- cations pointed to a permanent falling off in receipts.
The Montgomery advertiser., 1902-02-16
The Financier's statement.

NEW YORK, Feb. 15.-The Financier says: The statement of the New York Associated Banks this week showed a record breaking maximum in the items of loans and of deposits and this, too. notwithstanding loss of cash. The official relation of the cash was entirely at variance with the estimates based upon the traceable movements of money between the banks and treasury and the interior. the official statement showing net loss of $6S6, 100 made up of gain of Sl,olo,iO0 in specie and loss of 3D. 202,S00 In legal tenders. while the esti- mated movement showed a gain of B. 619.l00 cash. This discrepancy may be accounted for by an outward movement of legal tenders through the mail to Boston and Philadelphia. which ship tellers who confined their reports to the amount of money which was delivered to or received from the express com panies. The loans were expanded last week by SIS, 49S, 700. This makes a total expansion since the second week in Jan uary of $67. .767, 300, and the largest amount of loans on record which was $91S, ,7S9, 600 March g. 1901. Deposits were increased by $14, 597. 100, showing that the statement is out of harmony. The surplus reserve was $70S, 400 above the surplus at the corre- spending date a year ago. Then the cash holdings of the banks were s26o, ,SS4, 700. whereas now they are $267 3S0. 500. Com partsons of changes in the item of loans and of cash by seven of the Wall Street banks show that six out of the number increased loans by SIP, 0.000 while one bank showed a decrease of $1, 400 900. mak- ing a net gain of $1l, ,000, ,000, two of the six banks expanded loans by $9,0O0 900. The most important decrease in cash was a single one of the above banks. this was $5,100.000 this loss consisted almost wholly of specie. The remaining large Wall Street banks showed net gain of xA zoo 900.
The Montgomery advertiser., 1902-02-16
H. & B. Beers Cotton Letter

lSpeClal to The AoNeTtsctl
 New Orleans, Feb. 15.-Liverpool ad- nevertheless, opened to higher, and improved three additional closing at a net gain of to points on the day. The firmness apparent here today was in sympathy with the March manipulation ,Eing on in New York Port receipts for the day were practically the same as last year. but the interior town movement was large. being 5000 over last week and 700 over last year. Bombay receipts for the week were 1900 in excess of last year. and the aggregate receipts from Septem- Der 1 to date show an increase of 2s4, 900 over last year, the Egyptian receipts for l30 900 last year. The total from Septem- Der 1 to date exceeds last year by 165O,- 900 cantars or reduced to 500 pounds, is the equivalent of 311,O0o bales; conse- quently taking the excess of 2S4,0 bales in Bombay and 3ll, 900 Egyptian to date 1t will be seen that the increase between both of these crops is 39j, coo over last year. The fact that both of these coun- tries have made large crops, and that Lancashire has imported considerable quantities of surats, Peruvian and Bra gillian cotton seems to have been ignored entirely by the trade notwithstanding that 1t was instrumental in causing MT. Ellison to reduce his estimate of Ameri- can consumption 10 104O0.0OO, because these cottons are being consumed at the expense of American. However, for the ti.e being, notwithstanding the weak. ness Of the statistical situation, sentiment is very bullish and Is accentuated by the manipulation in New York therefore val ues may be held yet eventually the legit- innate factors will govern the market.
The Montgomery advertiser., 1902-02-16
MARKETS FOR FUTURES PRIVATE CROP REPORTS OF
 BULLLSH CHARACTER.
The South and Wire Houses Were Free Buyers in the New York
 Ring-Close at Advances.

New York. Feb. 15.AThe cotton market opened firm with March points lower and other months 1@4 points higher. this being a very good showing in view of the fact that Liverpool was down 1-2 to point moro than expected and receipts at the ports were larger than last night pre- dicted. Commission houses were bounti- fully supplied with buying orders and shorts were by no means confident Of their position. Soon after the call the market had a sharp reaction under ac- tive selling for profits by inside longs, who believed the market would be better in the end if prices suffered a slight re- lapse at the moment. Whereas, March was lower than the rest of the list it lat CT regained it's former. strong position which 1t retained practically to the end of the session. Throughout the morning trade was quite active and general with the bears held well in check by bull ish private reports from Southern spot markets Bad weather over the Central and Eastern portions of the belt prompt ed predictions for a smaller movement next week. The South and wire houses were free buyers in the local ring in the first hour: Wall Street supported May.
 The market closed steady net 3@6 points higher.
The Montgomery advertiser., 1902-02-16
ESTABLISHED 1872. HENRY PEER. BERTRAND BEER
 EDGAR H. BRIGHT.

Into consideration New York trust com
 panies have increased their loans on col
 lateral to an enormous extent during the
 past year while their reserves are on de-
 posit with New York banks, except for
 an insignificant part and figure in the re- serves of the banks. Deposits of int srior
 banks in New York are included in the
 same way. The credit expansion the country over has therefore increased the liability upon New York bank reserves.
 This gives added influence to any sugges- tion of financial trouble in the interior, even where 1t is of small proportions. Money has continued easy in Wall Street notwithstanding last weeks heavy in-
 roads on surplus reserves. When the money rate runs up to attractive figures 1t Is usual for the local trust companies to draw on their deposits with the banks to place loans. When the rate recedes to about the figure paid by the banks on deposits, the trust companies are likely to call loans and re-deposit with the banks This Is likely to have the effect of exag- Kerating the tendency of the money mar ket towards plethora or stringency, as the case may be. It Is probable that loans are being transferred at present from the trust companies to the banks, thus increasing the loan accounts of the
 standing credits are increased. The
 money market has not had any gold ex-
 ports to reckon with this week. Opinion
 differs as to whether the export move ment has ended or Is only suspended. The Bank of England evidently has control of the London market and could make an advance in its rate effective on the money market, but the continental de- | mand on London for gold has relaxed and | Berlin was a free lender in London. A 1 continuance of this latter condition would | preclude the likelihood of further gold l exports from here. Some importance is attacked to the decision to apply l the tax of the war revenue law to call loans on stock operations on margin.
 1 The frequent shifting of these loans and | tax separately or a transaction would | and would cut off the largest part of the
 the latter selling of stocks is attributed | to this cause. The increased number of l railroads reporting decreases In gros:
 earnings compared with last year for the | first week in February has not been without effect on the mar :. These de- | creases are attributed to t.e great fall 1 ing of in the grain movement. General | conditions of business are reported en- | couraging and the demand for all grades | of Iron and steel products is phenomenal | The general undertone of the market has | increased. has shown firmness in spite | of speculative profit-taking. There has | been broad and active denand for bonds | which has tended to bring prices of many | of the newer and lower grade issues to-
 ward the price ievel of the high grade in
 vestment mortgages.
 United States new Is advanced IS per
 cent from the closing call of last week.
The Montgomery advertiser., 1902-02-16
Murphy & Co.'S Qnc) Cotton Letter.
 TE(v Priyata Wire

NEW YORK, Feb. 15.-Contrary to the general expectation. the cotton market not only failed to give away but showed an advance of several points at the open ing Buyers were encouraged that Liver pool made a fair showing and indications of further liberal movement, the coming week estimated by some as much as 25,- 900 ahead of last year, which figures are improbable. The persistency with which the market fails to give away has simply amazed the bears who are beginning to believe there is, after all, something in the claims of excellent business and generally magnificent trade surround ings as attested by the immense exports. A few outside buying orders appeared during the morning but the short session developed nothing of a sensational char acter According to The Chronicle review for the week dry goods market strength in cotton goods prevails. Buyers are stiN indisposed to purchase more than they need for current requirements in line of staple and fancy goods From the improve bue the course of the market for raw material makes 1t in favor of the sellers and it is practically certain that buyers must before long operate on a more liberal scale as their current needs are increasing. Liverpool today de- cnnCd 1 to nnints on tho heavy move ment of the nat week. Memphis people are talking hulish. thcv regard the It. uation from every standpoint as phe- nomenanv strong and ground is taken that much attention hIs ben given to he crop and too little to demand.