davidaulloa/AmericanStories huggingface dataset:
The Montgomery advertiser., 1902-06-22
THE MoNTGoMERY ADVERTISER.
MARKETS FOR FUTURES
FURRY OF LIQUIDATION AT
 THE OPENING.
Later News Confirmed Reports of Rains in the Dry Sections and No Supporting Orders
 Came Forward.


 New York. June 2l.--The cotton market opened easy at prices unchanged to $ points lower under furry of liq.:idauon and eager bear selling, started by re- ports of general showers to light rains owes Texas and a forecast for rains today over the dry districts of Mississippi AL abama and Louisiana. There was lit.ie or no reaction after the call, the commiS- sion houses having few supporting orders and later news serving to confirm the early rain reports. The Liverpool market news was quite bulrsh, noting an advance of 1-2 to per cent. In futures, when prac- tical!y no change was due or expected Europe sent 2 few buying orders here, hut these were quickly filled up by room holders. and the leading bear interests Wall Street was a liberal seller on the wet weather news IS was the South and West. The crop reports as a rule were bearish. except those from Texas, where rain was said to be imperatively needed to save the crop The Chronicles weekly crcp weather review failed to note actdll damage to the Texas crop as a result of the dry weather. but indicated critical stage in the developments. Southern spot market news was about q stand-off. Re ccipts at all points were mere shadow of the movement for the same day last year and ledS to estimates, for the week at the ports of 120oo to A.0Q0 bales against nearly 7o,6O0 bales for the same week q year ago. The temperatures over the northern belt were exceptionally low, but this failed to attract special attention Tn local trade circles e
The Montgomery advertiser., 1902-06-22
Murphy & Co.'S (Inc.) Cotton Letter,


 New York, Juno I I-Statistical develop. ments in cotton during the week we e unmportant. The Chronicle makes the total movement to date 9.993, GOO against 9,9ot,000. The same authority failed to give anything new in the crop situation, it stating that moisture is needed in some districts. Reports to Bradstreet are much more specific. Their reports state that conditions have improved in Atlantic dis tricts, crop in excellent condition in Sa- vannah district, rains, have benefited in Montgomery district and Chattanooga district, while in Texas rain is neded in northern part. Dallas calls the cotton sit uation unchanged. Temperatures have been as high as lW the past week in Texas. Liverpool advices today reflected the hes itation of the local trade in adopting de- cded views. prices there being about half a point over yesterday. with little doin gin spots. While weak longs were selling freely, not little good buying re- placed them and 1t was question wheth- CT the Texas rains were not in measure discounted. Port receipts today were esti- mated at 1000 against II 900.
The Montgomery advertiser., 1902-06-22
II. 6 B. Beers Cotton Letter.

ISTtCTuT AuVtTTI8ef.I
 New Orleans June .I.--Iliverpool ad- vices were more favorable than expected but our market ne fertheless opened s to 9 points lower on rains in Northern Texas and fears of it extending Subsequently shorts covering over Sunday oecasioned an improvement of 1 to points, easness, however, again set in near the close mak- ing the net loss 3 to points on new crop months and about 1 on, old. Scattered showers occurred today in Oklahoma, Ar kansas, Louisiana and Mississippi. The Atlantics and in the northern portion of Texas and showers are predicted tonight an1 Sunday over Louisiana and Southern Texas. As every other State has received ample moisture and Texas now is the only one needing a general rain. the attention of the trade is naturally drawn to the daily weather conditions existing there. If rains materialize soon In Texas values will decline further and the absence of moisture fot any protracted period will occasion a reaction.
The Montgomery advertiser., 1902-06-22

reason of the withdrawal of the Treas. ury's, offer. Last year the reduction of the Government debt by this means and the resulting contribution to the money market amounted from April to July 1, to sle.000.0oa par value, besides the T1e- miums paid. Without counting the pre- miunls, the Government debt reduction in July was si ,665.9S0: August. ss.eS5, 9i0: Sep tember, Sl5.613.9I0: October, $5.94S,02o. and in November $i1,9e0.770 The large expan- sion of deposit liabilities by banks and trust companies the country over has often been pointed out in current. finan- cial discussion. The above facts are corroborative of the need of conservative policy in the use of credits.
 The market for bonds has been quite active. hut rather spotty and irregular. United States 2's advanced Is, the S's and old 4s, registered. 1-i and the old As. coupon. 3-S per cent. The new 4s declined 1-4 per cent as compared With last weeks closing call.
 New York Stock List.
The Montgomery advertiser., 1902-06-22
The Financier's Statement.

New York, June H.-The New York Financier says: The official statement of the New York associated banks last week showed. as the most striking feature, an increase of $7,944 TOO in loans. This was not altogether unexpected for the specu- lation on the stock exchange was active during the week at generally advancing prices, thus calling for increased bank accommodation. Moreover there was the beginning of the accumulation of money preparatory to the July disbursements, which naturally affected bank loans to some extent The net gain in cash was so much below the amount estimated from the traceable movements of the money during the week as to be difficult of explanation. The specie increased $319 GOO, while the legal tenders fell of $42, 100. making the net decrease in cash reserve $S76. 300: the estimated gain was $2,5SS, 800. The inter-bank movement was quite uniform throughout the week as all so were the sub-treasury operations and the difference between the official and the estimated gain in the previous week was slight so that 1t is altogether inn probable that the actual changes In that week could have been reflected in the return last week. Possibly the dis crepancy between the actual and the es- timated gain in cash in last weeks state ment was partly due to foreign exchange operations. Another explanation Is that the trust companies during the week prob- ably drew considerable amounts of cash from the banks in order to, strengthen their reserves preparatory to the making up of their se;ni-annual statements to posits were increased $S,0S4. GOO. or $751; Goo less than the amount called for by the increase in loans and the net gain in cash therefore. the statement was not entirely harmonious. The required re- serve was increased $2.021. 900; deducting therefrom the sS76900 net gain in cash as above, leaves s1,144100 decrease in surplus reserve. making this item $l2,1 25O against $6,611.350 at the corresponding date year ago. The daily average of clearings for the week was S2l3,0O0,U0o against $1S2, 00000 in previous week, re- fiecting the largest volume of business on the stock exchanges. Comparing changes in the item of loans of some of the larger banks 1t is found that six institu- tions increased their loans by a net amount of $7. 100000. One of these shows a gain of $2,SOo0O0. two s1,90o.oo each and one $1.1000OO. There was, only one or the six banks which showed decrease in loans,
The Montgomery advertiser., 1902-06-22
The Alabama Home Building and ....Loan AssociatioIl....
 EsTABLlsHED IN 1891.
Stook in Bored ...................$ $i,600, ,000.00 Cash Paid Members In Savings Profits and
 Msiursd Stock, over ........ 7oo,00o.oO CASH RECEIPTS FOR THE MONTHS OF JAN.
 UARY, FEBRUARY, MARCH and APRIL, 1902 i06,As7.5s
Hundreds of Renters are Becoming Home Owners Through the
 Aid of This Association

The e1st series of Matured Stock paid on March 9th, and in no other way could a small monthly savings have attained such results. All those who would wish to have $1,ooo, $5,ooo or $1o,ooo at a definite time in life should join the new series which is now open. The Association also issues special certificate that pays per cent payable semi-annually, and can be withdrawn at any time. The local building and loan companies of the State of Ohio have $1oo, GOO, GOO paid in capital and popular and successful than ever before. The record of the Alabama Home'' as great institution, both in aiding its members in obtaining homes and in accun1ulatng large sums of money should attract the attention of all thoughtful people.
 Apply to H. M. ROBERTSON, Prest., or
 H. C. DAVIDSON. Agt., I73 Commerce
The Montgomery advertiser., 1902-06-22
Kansas City Live Stock.

Kansas City. June I.-Clttle-Rece eipts 30; unchange1; choice export and dressed beef steers 7.OOm7.5O; fair to good 4.99n!:Co; fed steers 45006.25; Texas and Indian steers 3.25Q4.75; Texas cows 245n3.75; na na- tive cows 1.75649O; native heifers 3.25@ 5,25r canners 1.5CG3,0o; bulls 5000 Aio; calves 350a5.25
 Hogs-Rec eipts 27OO; market steady to strong: heavy 7.65M7.75; packers 7.5o@7, 7O; light 1.10d7.45: yorkers 7.40d745; pigs e.5O 6710.
 Sheep-Receipts 1,5O0; market steady; native lambs 4.SOG7 .O0; Western lambs 495d630: native wethers 490@525; Vest ern wethers 3.S0Gl5 25; fed ewes 4.505t5 25; Texas clipped yearlings 5.COa5,40; Texas clipped sheep 4.GO@iS5; stockers and feed ore 9 35fI3 oO
The Montgomery advertiser., 1902-06-22
New York Coffee aud Sugar.

New York June 21.-Coffee-Spot Rio quiet: No. ' invoice 51-4; mild steady
 fair refining 3; centrifugal 96 test l-2; molasses sugar 2S-4; refined steady; No. 6, 46O; No. :, 400; No. 8, $50: No; g. S:S5; No. 10. 3.SO: No. Il. 3.75; No F. 370; NO AS; mould A. 800: cut loaf 515. The cof- fee future market opened steady with prices unchanged to 5 points higher in rc- sponse to firmness in European marke ets, helped to some degree by smaller receipts than expected and foreign buying orders. The local short contingent and the bull clique were moderate buyers on the ad- vance at one time bidding prices some ID points over last nights final bids. The whole market settl d back toward the close under profit taking. The market was finally steady with prices net un- changed to points higher. Total sales 25. 900 bags. June 495; July 4.9O; September 500: November 5.l5; December 5.2045.25; January 530; March 545n5.50. +
The Montgomery advertiser., 1902-06-22

with packers buying all products offered very good advances were registered. Traders say the pit has reached point where it is almost impossible to secure stuff without bidding considerably over the market. July pork sold at $1S.0O and closed strong, Sc up at $1792 1-2; Septem- Der pork sold at $ls.2o July lard held at $10.55 and closed 5c higher at $10.50. July ribs touched s10.S0 and closed ? 1-2c up at s10T 1-2. Estimated receipts for Monday: Wheat, 20; corn, 190; oats, 13o cars; hogs. 36, GOO head.
 The leading futures ranged as follows:
The Montgomery advertiser., 1902-06-22

New York, June 21.-The Commercial London cablegram says: The settlement occupied attention on Change today The account proved to be small but money was scarce. The market was idle and dull on fresh rumors regarding the Kings health. Americans were hard. Union Pacific anr Atchison were in re- quest. The general contangos began at 5 3-4 and rose to 6 1-2. On United States steel it was and on St. Paul 4. The weakness in Paris exchange suggests that France will soon demand gold.
The Montgomery advertiser., 1902-06-22
New York Spot Cotton.

New York June G-Cotton quiet; mid ding, f-4c Sales, 2,95O Stock. 156. 0S3 to continent, 2.S76, Total today. and con soldated: Net receipts, 1,571; exports to Great Britain. 74D; to continent F. 509; stock. Sl6077. Total since September 1: Net receipts. z 45O2S7 exports to Great Britain, 2962.961 to France, 713, 3SS; to continent -263i, ,595
The Montgomery advertiser., 1902-06-22

Charleston-Nominal; middling 91-16; receipts 137: stock 1,63S. Wilmington-Firm; middling 9; receipts 2S; stock 7,461.
 Norfolk k-Quiet; middling Is; sales S3; receipts 48; stock 15.903.
 Baltmore-Nominal; middlng SS-S; stock 5159.
 Boston-Quiet; middlng 3 1-4; receipts gross 700.
 Philadelphia-Quiet; middling g. 1-2; re- ceipts 193; stock 2,3SS.
 St. Louis-Dull; middllng s 15-16; sales 400; receipts 12S; stock 2, 155.
The Montgomery advertiser., 1902-06-22
New York Cotton Futures.
New Orleans Spot Cotton.

New Orleans. June I.-Spot cotton easy with sales of 1600 bales. including loo to arrive. Quotations unchanged: futures eased off a few points owing to reports of rains in many sections of the cotton belt There were net losses of 1 point on June, July and August, and 5Gp6 points on the other months.
The Montgomery advertiser., 1902-06-22
New York Dry Goods.

New York. June I.-Business today has been of a deci led quiet character owing to the unfavorable weather and the half he liday. With the coming week q very large amount uf goods will undoubtedly be moved due to the semi-ann Idl clear srce sales to be held by all the jobhing houses Cotton yarns continue in duli demand and still weak and very irregu- lar. Worsted yarns steady, with fair de- mand. Woolen yarns quiet Linen and jute yarns firm
The Montgomery advertiser., 1902-06-22
St. I,ouis Provisions.

St. Louis. June 21.-Flour quiet and steady; red winter patents 3.60@3 70; extra fancy and straights 3.30@34O; clear 5000 3.90. Whiskey 1.3O. Dry salt meats firm; ribs HOO; short clear 1l.12 1-26l1. .25. Ba- con firm; boxed lots. extra shorts Il. 500 n.75; clear ribs 1l.o2 1-2@ll.75; short clear II S7 -26i12 00
The Montgomery advertiser., 1902-06-22
Cincinnati Provisions.

Cincinnati. June 2l.-Flour, steady. Wheat. quiet; No. red Sl0S2c. Corn, steady; No. mixed, 64064 1-2c. Lard, steady, 5000. Bulk meats firm. $10.50 Bacon. strong, $11.62 1-2. WhiskeY St 30
The Montgomery advertiser., 1902-06-22
Cotton at the Ports.

Galveston-N mddling Is; re- cei2ts b; stock 25.i17.
 Mohle--Quict; midding S9-16; sales 100 receipts q; stock S,90l
 Savannah-Easy; middling 91-16; re- ccipts 399; stock lG,1J6.
The Montgomery advertiser., 1902-06-22

Chcese-Full cream, l2l=c; se!ected' lSt@c AppIes-s4 5oGs5 %. RtItabagas-Sl.7S per Dol Orances-Florida. S2. 5o92.Io. Peas@White' s25o bushel; clay. sI.5o bushel ,,,
 Wocdware. Half. Bushels-Iron- bound, per doz,, s2. 50. Peek Measures-Iron- bound. per dog, S2 25- Buckets-.rwo hoops. S2 50; three hoops. S2 Y5; brass. rel cedar. S6, well Huckets-S3. 50, T.ihs-pnintel, nests S3s25- Washboards-Sl7 75~ 9 SO
 Hardware. Nails-cut, S2 60; wire, SAYS.
The Montgomery advertiser., 1902-06-22
New Orleans Supar.

New Orleans. June 21,-Sugar strong: open kettle 1903 3-16; open kettle centri- fugal 3d3 1-2; centrifugal yellow 31-2@ AIS: seconds 293 3-16. Molasses steady; centrifugal 6at5.
The Montgomery advertiser., 1902-06-22

Cash quotations were follows: ' wheat-No. 3 Spring, 73ls; No. red. 7sfs dSoh. No. 2 oats, 42E@A4: No. 2 white, 4alsa 49h; No white, 47lFd48&.
 Lard. per 100 lbs. Si0.45
 Short rib sides Qoose). Slo.72lkd .S5. Dry salted shoulders tboxed). 9m9ls. Short clear sides (boxedD Sl 251 .37ls. Whiskey basis of high wines. Sl 90.
The Montgomery advertiser., 1902-06-22
New Orleans Cotton Futures,
New Orleans, June '2L-Cotton futures
I.iuernool Cotton Futures.

Ifverpool, June N,-Cott0n futures opened and closed steady; American mid ding. c. O. c. June-July (buyers) .................447
 (buyers) .............i 45Gii. 46 August September (buycrs) ......439a4.4 1. 10 September October lbuEers) i$g November December (sellcrs) ....L20Gi4.!1 Deeember-J January (sellers) ......4 l9eI 1. 20 January-February tsellcrs} .....".419
The Montgomery advertiser., 1902-06-22
LOCAL WHOLESALE PRICE LIST
Provisions.

PROVISIONS. Bacon lc. Dry salted sidcs-97s9 ioc. Lard-Tierces. llL6lI&c. Meal--77l4c per bushel. Oats-White. 62c; mixed, COG. Corn-White. 77iaGS4c per bushel. Salt-Liverpool, Sl sack; Virginia 65c; Michigan, 25o- pound barrels. SI.75. But,er-Jersey, 2o42ec; Tennessee country l5c.
 syrup-Fancy. 4oc; reboiled. COG. Flour-Patent, S4 50 per barrel; straight. Sugar-GTanulated, 514c: '. C.. 4l4c; cut loaf. 6lec. Arrow Ties-4s lbs. sl. Jute Baggins-2 lbs. 7'-97%c; l% lbs. 2 q7hc.
The Montgomery advertiser., 1902-06-22

Savannah--Turpent!ne firm. I7 1-4; re- ceipts S92: sales 6lO; rOsin firm; receipts 9,085; sales 1902. Quote: A, E, C. D, E, 1 20; F. l.S0; G, 1.4O; If, 1.7o; |. 2.05; k. 255; M, S.O5; N, $40. w G, 800; w W, 3.10
The Montgomery advertiser., 1902-06-22
Country Products.

Eggs-Per doz.. l2lkc Chickens-Grown. sa. 50 per dozen; large fry syruP-country. 4oa45c per gal Dried Appies-Peeled Sc. Lemons-choice, S3. 50; fancy. S3 259e. 50 Der box.
 Potatoes-Irish, sLloaI 20 bushel;. sweet 50 cents.
 Onions-SI.75 bushel.
 Hay-Johnson grass in bales sl2qI+ per ton.
 Cabbage-l1sc per h.. Danish.
The Montgomery advertiser., 1902-06-22

acknowledgements nothing doing; receipts 10i casks; rosin steady l.lO@l .l5; receipts 25S; crude turpentine 1rin l.@o' 2.50 and 2.6O; receipts 69; tar firm 1.4j; e. ceipts 5S
The Montgomery advertiser., 1902-06-22
Naval Stores.

Charleston. June 2.-Turpentine and resin, unchanged.
The Montgomery advertiser., 1902-06-22

Axes-S5. 5cas. 50. Gotten Cards-S4. 5o Hollow Ware-Country, 5c Chsin Traces-S3a5 per doz. bellows-S4. 5ogio
 Hides, Wool, Ett. Hides-Green salted. 5i4c; dry flint He; dry salted, Sc. ieeswax-24c per pound. -~, XYoeI-CIear, unwashed. l4c; clear washed, leG22c; bury. Sc! bury. washed, leo lec.
 Drugs. Camphor-62A9671zc per pound- Alum-3is@4c per pound. Lots of men who never accomplish any thing take it out in bragsing about their ancestors.
The Montgomery advertiser., 1902-06-22
London Financiel Cablegrarn.

washington, June 21-Treasury bal ances, $202, ,0f9,221; gold, $99. ,160.
The Montgomery advertiser., 1902-06-22
Treasury Statement.

Total sales for the day. 1si!6OO shares.
The Montgomery advertiser., 1902-06-22

Hardware. Nails-cut, s2.6o; wire, SAYS.
The Montgomery advertiser., 1902-06-22

New York Stock List.
Freeland tribune. (Freeland, Pa.) 1888-1921, 1902-06-16

The tradition in India is that the
man-eating tiger never gets over his
thirst for human blood. Men reform
from evil habits, break of from trades
and cut loose from associations and 10.
calities, but never or rarely from jour.
nallsm. Some have tried to account
for this well-known fact by recounting
the fascinations of the "art preserva-
tive"
This may be the case in some de-
gree, but it cannot be all of it. When
one has engaged in the newspaper
business he acquires some partial
knowledge Of all the ordinary pursuits
and avocations, and this seems to un-
fit him for centralizing his faculties
upon any Of them. Consequently he
experiences certain tlmidity as to
embarking upon mercantile OF manu-
featuring pursuits.
Besides this they all seem to him
to be narrow and limited. There is a
boundless Wilderness in journalism
which gives the country newspaper
man the impression that he would not
like to be tied down to the groove in
which he sees even the biggest furni-
ture dealer Or The most active grocer
engaged.
Freeland tribune. (Freeland, Pa.) 1888-1921, 1902-06-16
Drill of the Chinese.

The aptitude shown by Chinese SOL
dlers for drill and maneuvers in close
rank is said to be remarkable. The
drill Is modelled on German methods;
the gun is carried over the left shoul-
der, the parade step is the base of all
the marches In close rank, but the
Chinese still keep to their large red
standards; there is one for about ev-
cry ten men. The only other Euro
pean method employed is the tiger
drill" curious fencing movement
with the bayonet accompanied by
fierce heavings and savage thrusts at
the throat by the whole battalion.
The native characte, OF the Chinese
soldier is admirably suited to the main
tenance OF perfect discipline and
faultless execution of parade drill.
Commanded well he will, perhaps,
equal the Japanese soldiers who are
already equal to European troops, but
the Chinese officers ignore the art of
war and even do not command their
troops during drill. While the MILL
tary mandarins sip cups of tea seated
in comfortable armchairs in corner
Of the drill camp quite inferior officers
give the directions and exercise the
real command.
Freeland tribune. (Freeland, Pa.) 1888-1921, 1902-06-16
the WORLDS SUPPLY OF GOLD.
Some Interesting Stat tstics No to the
yellow Metal.

Some Interesting Stat sites no to the
yellow Metal
It has been reckoned that in the de-
post of clay on which the city of Phil
adelphia now stands there is sufficient
gold to gild the fronts of ali the build
tngs in the place. There the amount
is so small that it has no more pros
pective value than that contained in
the sea water. Thus, while it may be
said that wherever q person may be on
the surface of the earth, or on tho
ocean, there is likely to be enough gold
within a mile of his feet to make him
O millionaire, the places where gold
can be won at profit are relatively
few.
The most important increase that Is
to be looked for in vein mining arises
however, from the rapid improvement
In the modes Of applying power to such
work. The gain in this regard in the
last half century, through the inven-
tion of the power drills, more effective
explosives, better hoisting systems and
more efficient methods of treating the
ores, is such that, on the average, in
terms of labor, it probably does not, at
present, cost one-third as much to
niue and treat a given amount of ore
from underground mines as it did in
1850.
Making no allowance for future I'm
provements in mining, We may evil
IDENTIFY expect very great and rapid
increase in the annual supply of this
precious metal from the betterment al
ready effected. AS to the extent of this
gain, there is no basis for a trust
worthy reckoning; but those who have
some idea of the amount of gold bear
ing veins which can, with skillful min
ing, be made to yield a profit at the
present rate Of interest, will probably
be disposed to agree with me in the
opinion that, at anything like the pres
ent price of labor, the yield from this
group of deposits is likely within 20
years to exceed S500,000,000 per an
nun.
Freeland tribune. (Freeland, Pa.) 1888-1921, 1902-06-16
Little Squirrels XIII Bigger Ones.

A news item states that the people
Of Fall River, Mass, have succeeded
so -ell in protecting the gray wild
squirrels In the neighborhood that the
animals wander into the streets of
the city and accept food from friendly
hands. Probably such cases are rare.
An experienced hunters says that large
gray and black squirrels can never
become abundant because they are Of
gentle and peaceable disposition, and
are unable to defend themselves
against the murderous attacks OF the
small red squirrels and chipnunks.
The latter are savage little beasts who
make rear attacks on the larger
species, springing suddenly upon them
and inflicting fatal wounds. With
these fierce enemies continually on the
alert, the gray and black squirrels have
poor chance for life, and although
some Of them escape, they grow more
scarce year by year. In these circum-
stances 1t is difficult to see how any
measure Of protection can do very
much toward saving them.