davidaulloa/AmericanStories huggingface dataset:
The Montgomery advertiser., 1902-08-16
WALL STREET REVIEW
MONEY sTRINGENCY HAD AN
EFFECT.
Big Payments to Be Made on Syn
dictate Dealing-The Interior
Wanting Money-Stocks
Irregular.

NEW YORK. Aug. I5.-The solcitude felt
over the possible stringency Of money was
exemplifed by the effect upon the stock mar
kct of a furry in the call money rate to
6 per cent The fact that Stock Exchange
loans made Friday carry over until the
following Monday makes the customary de
mand on Friday somewhat more urgent than on
other days. The special cause Offered to ex-
plain today's sharp advance the maturity
of subscriptions for the new Oregon Short
Line collateral bonds secured by deposit of
Northern Sc ,urities stock. Tho payment
called for about $4,000. 900 and necess-
tatcd considerable shifting Of loans to re-
quirement. The rate dropped back to near
4 per cent near the close after the demand
had been satisfied. There have been a num-
Der Of other syndicate operations during the
week which may upset calculations as to the
bank statement tomorrow. Among these were
the payment Of subscriptions to the United
States Ship Building Company. the payment
of dividends by the United States Steel In
derwriting Syndicate and United States Steel
preferred today. So far as the indicated cash
changes promise. tomorrow's bank statement
will not he unfavorable The movement of
currency with the interior seems to be in ia
of New York. still the receipts on bal
ance during the week amounted to ST. SOC. 600
against the loss to the sub-treasury of $685.
600 New York exchange at Chicago fell to
par today. compared with 10 cents premium
yesterday and zoe premium on Wednesday
This is index of the rowth Of the pres
sure from the interior upon New York for
funds Rates for the time money also are
advanced today to a uniform per cent for
all periods. In response the higher money
market Of loans bills well Of grain bills
for September. October and November de
livery. The exchange market was in conse-
quencc weak. An incidental influence upon
the weakness of stocks was the report Of rains
In the Spring wheat harvesting regions. which
affected tho grain markets as well. As was TO
be expected. the selling pressure was most
acute upon those stocks which have advanced
most consp'cuously Of late. Missouri Pacific
fell a full points below last night and the
other Gould stocks and the Changers and "a
cihc generally affected in sympathy
Southern Pacific resisted the decline. but
yielded its opening gain, recovering again
to about the best in the closing rally upon
enormous dealings St. Louis southwestern
preferred also novel up points over last
night Just at the close Pennsylvania LOUIS,
VILE and Nashville and Rock Island had
a period of strength. The newest favor1tes
in rumors Of deals were Toledo. st. Louis ana
Western stocks, which were bought In a
demonstrative way by the Western specula-
tive party, closing at the top. The market
generally was firm at the close.
The bond market easier. Total sales
(par value), So 3e5. 900 United states re,
funding 2s advanced X. the old As registered
and SIS registered u and SIS coupon u per
cent. on the last call.
The Montgomery advertiser., 1902-08-16
n. 4 B. Beers Cotton Letter.


NEW ORLEANS. Aug i5-Liverpool ad-
vices were Disappointing. consequently our
market ope1"d points lower and improved
2d3 shortly after On fresh buying The same
parties who have been builng recently dis
seminated unfavorable crop reports from
Georgia and Mississippi today. but they
did not give thei' support. values eased of
6 to 9 points from the top closing at net
lose OF say points the day. The total
stock OF American ashore and afoat to Liver
pool is 40 900 against 405 900 last year and
255. 900 year before last. The 80 leading In
terror towns during the week received $4,000
against $4,000 last year and ! 400 year be
fore last and hold in stock SO 900 against
10000 last year and As. 900 year before
last The visible supply Of American during
the week decreased sc. 900 against 81 600 last
year AMI. 90 900 year before last and the
aggregate supply of American to date is 9O4.-
600 against I,I2e 900 last year and zoo 900
year before last From all indications the
outturn of the present crop will he around
TO- 800, 900 and II looks as II the takings OF
American will be about 10, 700 600 The fact
sumptive requirements this season leads those
who think favorably Of the market 10 believe
that next year the consumption or American
will be 1000, 600 or Therefore. IT Is
contended that with six weeks Of the most
critical period for the crop to 60 through and
the large requirements necessary, 1t is rather
premature to accept "a n foreEone conclusion
that the present crop Will he bumper one
1t is also claimed that even with the realiZa-
tion Of a large crop the consumption will he
so heavy 10 preclude any decided decline
in values notwithstanding all these argu
nnents the outside public have not been attract
ed to the article and judging from the tenor
OF interior advices the prospects fat
terng on the whole that there is not inclina-
tion tao buy cotton for the moment. OF course
any decided setback 10 the crop materaizes
Il will cause a sharp advance. In the mean
while the demand for spots and daily weather
conditions will regulate vnlues.
The Montgomery advertiser., 1902-08-16

lief possible was the temperance Of the old
leader who appears 10 be shaping the market
he sees At Of late. At all events no other
operator is so disposed and the consequence
is the market gels into. a rut when the party
in question Is no longer in evidence. News
from the cotton belt today was Of a mixed
character. Good md bad reports being more
evenly divided than the case until a re-
cent period when the good reports predomi-
mated largely. The uncertainty as to how those
reports will run the next sixty days keeps the
trade anxious. the statistical situation mean
while growing more favorable for the bull
side Some believe prices are bound TO go up
no mater what may be the size OF the CROP.
The high temperature in the Southwest causes
concern to the shorts The market was
see-saw affair with a narrow swing until
near midday. when there was enough selling
to lead to a weak undertone. Big rains oc
CURED in portions OF the Carolinas. The In
sight for the week was 1868.
The Montgomery advertiser., 1902-08-16
Liverpool Cotton Statistics.
Daily Cotton Market.

NEW oRLEANS-Tone. quiet sales. 45o
ordinary 6%: good ordinary. ~; low mid
ding, 77s: middinF. s5-l6 good mddlng.
e-I6; middiing fair. 8 1915; receipts. 1885;
stock. 36.5I3
GALVESTON--Tone. quiet: middlinG. 7I6;
Gross receipts, U.s. sales, $50 stock 1886.
NoRFOLK-Tone. quiet: middling. 9: gross
receipts. 374: sales. S. stock. 2,e3l.
BALTIMoRE-Tone nominal: middlng
OK; gross receipts. 40: stock 3,o78.
BoSToN-Tone. quiet: middling. 8; net re-
ceipts. II: gross. So
wILMIEGTON-Tone. firm: middling. S%
gross receipts. 8; stock. $40.
PHTLADELPHIA-Tone. quiet; mddling.
eA; gross receipts. 90; stock. 2,oel.
SAVANNAH-Tone steady; middling, 9h:
gross receipts. I4o; sales. IT'S; stock. 7. SO
MOBILE-Tons. nominal: middling. 8h:
gross receipts, | stock. 1924
CHARt .ESrCN-TIne. quiet, middling. Sss;
gross receipts. 8: stock. SO
ST. LOUIs-Tone. dull. middling. l-l6;
gross receipts. 81: sales. las; stock. 1888.
NEW YORK-Tone quiet middling. 9: sales
269: stock 90 634
Total today-Net receipts. 2, SOL; exports TO
France, ZOO stock $50 oS7.
Consolidated-Net receipts. ! $50: exports
to Great Britain. 3.466: to France, 4.423
to the continent. 23.4io.
Total since Sept. Met receipts. 1855. SAY
exports to Great Britain. 1908 s2l; to France
74I.66I to the continent. 2,7e5.63l.
The Montgomery advertiser., 1902-08-16
New Orleans Cotton Futures
Worlds Visible Supply.

NEW ORLEANS. Aug. i5-Secretary Hes
ters statement OF the worlds visible supply
of cotton. made up from special cable and
Geographic advices compares the figures Of
this week with last week. last year and the
year before. II shows decrease for the week
just closed OF 1851 bales. against a de-
crease OF lac. 500 last year and decrease of
1890 the year before.
The total visible Is 81 .S39 against H.
635 20 last week. 1887. 55I last year and
I.2oi.697 year before last Of this the total
Of American IL eos. 500 against $50, 20 last
week. i.I22.55i last year and To5. 697 the
year before. and Of all other kinds including
Egypt Brazil. India, etc. sos 900 against
GAS. 900 last week. 765.0oo last yoar and
496. 900 year before last.
The total worlds visible supply Of cotton
shows decrease compared with last week
Of I23. 2sI bales. decrease compared with
last year Oh 375.7I2 bales and an increase
compared with year before last Of $40 l42.
OF the worlds visible supply of cotton as
above there is now afoat and held in Great
Britain and Continental Europe $4,000
against e55. 900 last year and 743. 900 year
before last: in Egypt. $4,000 against $4,000
last year and $4,000 year before last: In
India $50, 900 against 4t4.ooo last wear and
272 900 year before last. and in the United
States 2I2.ooo against 4i4O0o last year
end 1919 900 year before last.
The Montgomery advertiser., 1902-08-16
r. M. Scale & Co.'S Cotton Letter.

TBv Special Leased Wire
NEW ORLEANS. Aug l5.-The Liverpool
market hardly moved today Deliveries were
quoted just shade higher and spots were n
changed with a limited business transacted.
Total sales having figured g. 900 bales. There
was nothing special in the days developments
TO excite action here. The apparent refusal
on the crop to be framed by promiscuous ad-
considerable disappointment In she ranks OF
their maneuvers was reported and lack OF
New Orleans the weeks statistics cleaning
slightly to the bears view and some com
plants of crop deterioration in Alabama.
with the weevil more active in Texas. wero
given due consideration, but aside from a
steady tone there was nothing special to note
in the range of prices. Closing quotations are
say points lower than yesterday. The
ket seems to be in a state where rothing bat
facts are desired Theories I'm support of
either view of the crop have been freely dis
oUssed and while the consensus opinion is
that a large yield is in the prospect. all ideas
are not settled that subject. and not
likely to be for some weeks. The chief occu-
patton OF traders therefore, should be to
watch developments in the spot department
and note carefully the manner in which early
receipts cared for. New England spin
complaining about had business and
Southern well English spinners claim
to be burdened with an over production Of
yarns The question arises accordingly will
there be a steady demand for new cotton from
the eguar trade and will country dealers in
sist full prices.
The Montgomery advertiser., 1902-08-16
WILL BE REDEEMED
UNSERVICEABLE POSTAL CARDS
WILL BE TAKEN UP.
Postmasters Will Redeem Spoiled
Postal Cards and Stamped
Envelope at IS per Cent Dis
count Under Recent Order.

The Montgomery postoffice will redeem
postal cards that are unserviceable but
which have not been cancelled, for a
large per cent of their face value under a
recent order of the Postoffice Depart
ment. now in effect.
Under this order postmasters of all
postoffices will redeem in postage stamps
OF other stamped paper from original pur-
chasers. uncancelled and unserviceable
postal cards at rs per cent of their face
value.
Parts or pieces of postal cards will not
be redeemed nor will cards which have
been treated with bronzing or enamel
ling.
Stamped envelopes can also be redeem
ed in the same manner and an envelope
spoiled while addressing 1t can be re-
deemed for rs per cent of its value.
Uncle Sam will also print the name and
address of the holder of the envelope in
the upper left hand corner for $2l.50 per
1000 The government will not print the
name and address on envelopes for those
who buy them in smaller quantities but
will sell them in packages of twenty-fi five
for IS cents. making a high quality of
envelope stamped at cents.
The Montgomery advertiser., 1902-08-16
CHICAGO Grain and Provisions

CHICAGO, Aug. I5,-Manpulation and the
weather started good bulGes in grains today
and as a result September shorts were
squeezed once more. Contract wheat was
scarce and there was some congestion in corn
and oats. Other conditions however. were
all against upturn After the manipulators
had pushed prices up we'll. liquidation from
the same hands brought recessions. In the
end September wheat was c up, September
corn unchanged and September oats lAc high
Provisions closed Sc lower to SC higher
Wheat spurted early on the fear Of shorts
and rains in the Spring harvests. Congestion
in contract stocks was marked with one house
practically in control. The opening was
somewhat wild with everybody wanting stun
and offerings very light. That manipulation
was practically the entire cause for the up
turn seemed reasonable from the fact that
receipts-primary local. Northwest and South
west were much heavier, that Argentine
shipments were increased, that the Hungarian
and Roumsnian crops were large and that
exporters offered freely with few takers. Al
thouh September the manipulated month.
December profited today. After prices had
been pushed up we'll. the holders unloaded IN
September and unstraggled their spread by
taking on December, still December hel1
to its discount of Sc. September start
ed %d7. higher at 7oha7oA and sold to
7lA There was dip to 7oSs. but September
cars one contract: Minneapolis and Duluth
reported 1875. a total for the three points Of
444 against 298 last week and 442 year
ago. Primary receipts were |. SO 900 bush
ances equalled 2S3. 900 bushels. Argentine
shipments equaled 100000 bushels against
49 last week.
Corn was helped nv the strength in wheat
Trade not specially active, yet there WAS
a good volume. The general commission house
demand was very good Small receipts at 80
cars and rain helped the bulls somewhat. Lo-
cal shorts and the Southwest covered hriskly
for a time especially in December The longs,
however, fed the market literally and prices
slumped off Gables We're lower. There was
no conspicuous selling. The cash demand was
fair but the crop prospects still were excellent.
September sold between 5 Z and So and closed
steady and unchanged at 5ss.
Rains and manipulation by bulls in Septem-
Der options lifted oats prices with some early
show Of excitement. There good de
mand in September by commission houses with
shorts leading. stuff hard to buy and the
cash demand was brisk. There was some late
offerings on the bulge but prices held well.
September spurted from 3l% to SO and closed
strong. nc up at 32%. Grading retard-
ed by the rains; Of 272 cars only % We're
contract grade.
Provisions irregular and dull Hogs
were lower on liberal receipts There was
some strength in distant options. but the near
by futures Iiquidated again. Some sup
port came. especially in pork September pork
closed Sc ur at SIG September lard Sc of
at Slo.25 and September ribs 2lsc down at
SO 60
The leading futures ranged follows:
The Montgomery advertiser., 1902-08-16
New York Coffee and Sugar.

NEW YORK. Aug. i5.-Sugar was steady;
fair refining. SIG; centrifugal se test
So; molasses sugar 2 ll-i6; refined steady
Cotee-Rio spot quiet: No. invoice, SIS !;
steady and unchanged to points lower. Ca
bles indicated unimportant foreign market
changes and bearish ruling of primary re-
ceipts with a clearance of 81 900 bags for the
United States. Following the call which owed
its steadiness to covering. bears directed their
efforts towards nearby positions and those
as in yesterdays markets. relatively
weakest all day. The bull clique failed to give
active support to the list. outside orders for
the long side were absent and the ROOM moth
ing the easier tendency Of values. put out
fresh short lines. Europe figured a seller
smalled shorts covered. The market was
finally barely steady on near months and steady
on far. with prices 500 points net lower
SaIes AZ mn ha1S
The Montgomery advertiser., 1902-08-16
New Orleans Spot Cotton.

NEW ORLEANS. Aug. I5.-There was a
good demand for spot cotton, but factors
find little % interest them in the character
Of he scant offerings. which, only in exccp-
tional cases. and in a very small way, in
cude the middling grades, which are now
wanted by spinners. Sales $50 oales Quo
tatons unchanged
The market for futures was quiet and weak.
The opening showed losses OF points on Sep
TENDER and id2 points on the other months.
Immediately after the call the bulls made a
last effort and forced the market up 293 points
all months save September. which ad-
vanced 7 points TO a parity with the other
positions. Thereafter, with nothing to sup
port prices meagre purchasing orders
from the non professionals. the figures COM
menced a downward move mcnt which con-
tinued to the close. The net losses were
points on August and September and 3G5
points on the Winter months.
The Montgomery advertiser., 1902-08-16
MARKETS FOR FUTURES
THE MARKET OPENED VERY
QUIET. -,
Some Gains Were Made Which
Were hort-Lived-Close
to 6 Points Lower.

NEW YORK, Aug. I5-The cotton market
opened quiet with prices unchanged to 2 points
lower. this being in response to unfavorable
cables from the Liverpool markets and under
selling by the room longs. Then came a rally
on covering by near month shorts and some
new crop month bears based on the fresh APP
pearance Of Wall Street buying orders for
January which conveyed the impression that
prices were to be advanced again by sheer
force. However. the Improvement was short
lived and by midday the VIII Die list had again
worked below the closing Of yesterday. While
several attempts were made later in the ses
sion to rally the distant months scattering
lines OF long cotton continued TO come on the
market and prices slowly eased of, January
to 7.76 and August $40. The late business
was almost entirely professional ard small at
that. The private crop reports were very con-
ficting and did much to confuse the trade
here. The weather not affected
either way. The late Liverpool cables reflected
more OF less willingness to be guided by de-
velcpments in New York The local market
closed quiet with prices net 4a6 points lower.
Total sales estimated at SO. 900 bales.
The Montgomery advertiser., 1902-08-16

CORRECTED AUG. Is, 1902.
Bacon NC.
Dry salted sides, Io}s6Io&c
Iard-Tferces. leaf. Ilhc; compound. SIC
Meal-75c per bushel.
oats-white. soc; mixed. 4oc.
Corn-white, 77tdsoc per bushei.
salt-LfverpooI 81 sack; Virginia, 55c
Michigan. $50 pound barrels, Sl.75.
Butter-Jersey. 2od26c: Tennessee country.
Isc.
syrup-Fancy. 4oc; reboled, SOC.
F1our-Patent. S49425 per barrel; straight
So. 65d 375
sugar-Granulated &c; Y. c.. 4Mc; cut loaf.
8 cents
Arrow Ties-45 lbs. Sl.I5
Jute Baggirg-2 lbs. 7hG7%c; TX lbs. ?
R7Lc
The Montgomery advertiser., 1902-08-16
london Financial Cahleeram.

NEW YORK. Aug, I5.-The Commercial
Advertisers London financial cablegram says:
The cheerfuness Of yesterday was maintained
today. Brokers agree that the recent liqui-
daton has left the market in a more healthy
condition than at any time since the beginning
of the Boer war. though real activity can
hardly be expected till the late Autumn. con-
soils sold at 95 GIG. American stocks re
sponded to higher PARTIES, with Union Pacific.
Southern Pacific and Baltimore and Ohio the
features New York support. Prices wavered
in the afternoon on fears that the statement
of the New York associated banks might be
unfavorable. The finish was dull Discount
hardened to Lie on the fall in American
exchange The Bank Of England has bought
eel 900 gold in bars.
The Montgomery advertiser., 1902-08-16
st. Louis Provisions.

ST. LOUIS. Aug i5-Flour Steady: new
red Writer patents. So. sos. 20; extra fancy
and straight, So So93 o5.
whiskey-Steady at Sl.3l
Dry sailed meats-Boxed lower; extra shorts
and clear ribs, $40; short clears. ST. o. SO.
Bacon-Boxed lower; extra shorts and clear
ribs, S 10 97ls; short clear SII5o.
The Montgomery advertiser., 1902-08-16
New York Dry Goods.

NEW YORK, Aug. I5.-The general demand
for cotton goods shows some Improvement in
the dry goods market at first hands today bu.
there has been change in tone nor in price
for either staple fancy lines. Local job
bers doing a good business in general
way. Linens very firm with quiet bust
ness Burlaps against buyers. Foreign
markets strong.
The Montgomery advertiser., 1902-08-16
He Got It All Right.

st understand Brown took the thirty
third degree at the lodge last night"
"No; only the thirty-second at the
lodge, but he informed me confidentially
that his wife gave him the thirty-third
when he got home"
The Montgomery advertiser., 1902-08-16

WILMINGTON. Aug. 5.-Turpentine-Noth-
ting doing; receipts, 81 casks.
Rosin-Nothing doing; receipts 500.
Crude turpentine-Firm at 81. 40. So. so and
50 go; receipts. 55.
Tar-Firm at S so: receipts. 1924.
The Montgomery advertiser., 1902-08-16
Bank Clearings.

NEW YORK Aug. l5.-The following table,
compiled by Bradstrect. shows the bank clear
irgs az the cit:.s named for thc week ended
Aug 5. with the percentage of increase and
decrease as compared with the corresponding
week last year:
Per cent -
The Montgomery advertiser., 1902-08-16

NEW YORK. Aug I5.-Money on call firm
at 466 per cent; last loan AT D
Sterling exchange weak at 4,S7 375 for de-
mand and at 50 g. S75 for 60 days; posted
rates 81 Sc and 81. 93i5.
Commercial bills. d 94hd5. 95h.
Rar silver 52Ik; Mexican dollars 4lh.
Government bonds. strong: State bonds in
active; railroad polds, easier.
The Montgomery advertiser., 1902-08-16

SAVANNAH. Aug. 5.-Turpentine-Firm at
4@K: receipts 1860; sales e4s; exports. So
Rosin-Firm; receipts, 3,65l sales. Oil;
SII5: F, ST. 90; q. SIPS; H. SI.6o I.
81 90: X So. e5; NJ. So; N. S3.45; window
glass So SIS; water white. $50.
The Montgomery advertiser., 1902-08-16
Murphy & Co.'S Gneo Cotton Letter

NEW YORK, Aug I5-The absence Of the
hull leader left the market without feature in
the early movement. The amount of business
was small and it was evident that the only re-
The Montgomery advertiser., 1902-08-16

Treasury Statement.
WASHINGTON. Aug. l5-Treasury bal
ances, S2o4 999 567; gold, Slo4, 81 ,658
The Montgomery advertiser., 1902-08-16
LOCAL WHOLESALE PRICE LIST.

CHARLESTON. Aug. I5.-Turpentine and
roen-Unchanged.
The Montgomery advertiser., 1902-08-16
Comparative Cotton Statement.

NEW YORK Aug I5-The following is the
comparative cotton statement for the week
ending Aug. is:
Net receints M all United States
The Montgomery advertiser., 1902-08-16
Cincinnati Provisions.

CINCINNATI. Aug 5-Flour-Quiet.
Lard-Easy az SO rs,
Bulk meats-Stcady at SIo25.
Pacon-Steady at sll.62lz.
Whiskey-Active at Sl.3l,
Sugar-Steady,
The Montgomery advertiser., 1902-08-16
New York Cotton Futures.
Local Weekly Cotton Statement.

Spot cotton in the local cotton market yes
terday quoted follows:
MiddlinE new Observation-Disclosures.
The Montgomery advertiser., 1902-08-16
Kansas City Live Stock.

KANSAS CITY. Aug 5.-Cattlc-Reccipts.
2 $50 natives, $50 Texans; calves. so Texans.
2lo natives market steady.
CbrIca expoet and dressed beef
The Montgomery advertiser., 1902-08-16
Total Net Receipts Of Cotton.

IotaI NeI NeCtIplS CT COLton'
NEW YORK. Aug. I5,-The following arc
the total net receipts Of cotton at all ports
since Sent. l:
The Montgomery advertiser., 1902-08-16
leading futures ranged as follows:

Cash quotations were follows:
Flour-Easy.
No 2 Spring wheat, 72a7s; No. 3, es
d72: No. red. 7oAG7lA.
No 2 corn, Sc; No 2 yellow. 60.
No oats 2ei2q2s; No. 2 white. a. No
white. 33%G43.
Mess pork per Dbl. SIS goa S 95
Lard. PER 100 lbs. $40, l2l3a o. is.
Short rib sides uoose). SO 5od g. 60
Dry sailed shoulders (boXedl. 994QS7s.
Short clear sides Choxed). lol2G o's.
Whiskey basis OF high wines, Si.3l.
New Orleans Sugar
NEW ORLEANS. Aug. 5-Sugar-Strong;
open kettle, 2l2G3 3-l6; open kettle centrifu-
gal 3q3's; centrifugal yellow, 3iea4 SIG.
seconds. ISsG3A.
Molasses-Dull centrifugal. sails.