davidaulloa/AmericanStories huggingface dataset:
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-05-21
Barbee e. Co.'s
Cotton Letter.

Especial to News and Observer.)
New York, May 20.-October cotton sold
today at 9.75, or more than a cent pound
from the level at which we began to de-
vote our attention to this option few
weeks ago. Beginning with tic advance
of Monday and the scare of yesterday,
the advance today must have eliminated a
considerable portion of the short interest.
The more reliable cotton firms have I'D
vised against shorting the fall months,
but a careful perusal of the letters issued
daily reveals the fact that advices to short
the fall months have been the rule. While
there is every prospect of very much
higher prices for October cotton ultimately
the advance has now carried the price
to a point at which every business in
stinct would lead man to take profits.
An enormous, crop will be needed the com
ing season and prices in the early fall arc
not likely to be under nine cents. Still
A further advance would pretty well clean
out the lightweights, and then the normal
hedging process by Southern interests
would find a very weak position in these
options The day was an excited one
throughout with more attention being paid
to the fall months than to July and Au-
gust.
Cotton futures today ranged as fol
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-05-21
Po7T,
STOCKS AND BONDS.
DIV the Associated Press.)

New York May 20.-LiquidatlOn became
urgent and precipitate in the stock mar
ket today and gathered force progressively
up to the very close which was furlously
active and weak at about the lowest No
such scale of activity had been witnessed
in the stock market since the trading fol-
lowing the Northern Securities decision.
Wide inroads were made upon values and
the very general effect of the selling for
bids the supposition that it was due en-
tirely to attack by the bear party. 1t
was not clear in fact what was the cause
of the markets weakness The very
meager demand developed yesterday when
prices were decisively turned upwards
caused a very bad impression upon specu
latve sentiment. The decline has been
20 long sustained without notable pause
at any time that a conviction has gained
force with the professional element that
very large short interest had accumu
lated in the market 1t was believed also
that prices had got down to level that
would prove attractive to large waiting
investment demand when once some as
surance could be had that the decline
had run its course. Yesterdays market
was accepted as proof that the point had
not been reached when these sustaining
forces could be relied upon Very despon-
dent views were taken of the future of
the market this morning in consequence
Of this. The announcement of the engage
ment of 100000 of gold for export and
| the news that e. H. Hartman had un-
dergone a surgical operation met the mar
ket at the opening and initiated the de
Ginning tendency. The enormous lquida-
ton which soon appeared in Atchison was
marked influence upon sentiment and
continued to dominate the market for the
rest of the day, the influence spreading
to an increasing degree up to the close
Rumors were circulated of coming bond
| issue by the Atchison, but, no official con
I firmation could be had on this subject
The opinion gained ground that a large
speculative interest in the stock was in
a vulnerable position and was being made
\ target for attacks. The extreme decline
in the stock reached 81 which was equal
led b., St Paul losses of 2 to points
were fairly general amongst active stocks
and considera bly, exceeded that in eases
where dormant stocks were forced to sale
notable example of this was a 2S point
drop in Michigan Central. This stock
was subsequently bid up again ten points
before an offering was encountered and
a sale made Bear tactics were perceptible
in the precipitate decline at the last, nota
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-05-21
lopENINa IHIaHssr Lownsr. o1oa-Nt
Cash nnotatlons were as roIlows

! fash quotations were as ToIlows
mour dn !. winter oss " s 5 ssr na ~
420; rIng patents t3.3J(139O; DO. stralgLt
wnei--No. 2 spring 8o@sl; No g. 7sasS;Ye2
:sd 5o 4 6sss oSn s74aa8; No. 2, whit
81 zd;s Rye o. 9. SON: No wntS go g
eding al SO 3; far to choic's y ahl19 =
955 No as . e. 70 Ma ngF'u porF Pc III -
IT'S G597.6: Il; Lard, pei 100 lbs E9'0,SO
Shos. ribs SIDES loo g, Sao co. 30
co. 3 1oudp-. tboy ed) s. bi1s.3ih; she. clear
grade ne I.3J Glover, cun.ra9 or de- II, oOG'f.
NEW YORK
New York May 20 -Four more activ
winter atents 37aGe4: MINI re ota paten IA
$50; Mi n boxer -. 2O04.i0.
Rye aoar dull "ir 70 good ssO0a2o; choice
TO fan v 3.a5G343.
Buckwhea flour dull sl,90D21j
Corn mea' steady; vel o~ ~ ~1St EN- slOe.
Rye iet No 2, @e stern 59H STATE
Barley steady; feed ng 81: mal'in' 81.
Farley - STEADY; western $685.
Wheat firm: No. 2, red, S3083A Closi g
NJ y194. July 6H; Septemb r IN
C'rn Spot steady; No. 2, So closing Ma
56r; July 81 September 500.
IS Spot firm; No 2, 38 Nav Al.
BeaI steady; tamilv sll o00l3 0O; mess 80 90 q
1000; beef ia ne S2l0012l50 packet SlG 5061l. &c
pickl no ice 909A; p cklod hams llH@l2
Lard 81 ady. WESTERN steamed 9.25@6.35;
refined cas- i3nntin"nt $50; compoun 1909
pnrk firm; family 1900 SNORT ce 1879
02025; no Ss Sl8 25G1lS,75.
allow steadS; city pr package 81; conntr'
Rosin ST adv: strained norurlou to good, az. 10
Tu-pent.ne steady ~ $4,000
Moasses QUIET: New Orleans open kettle,
good TO choice. 5000
Coffee -apot Rio qui IT. No. invoice 5B.
i
,uss RAW steady: far refining 1915 mol
as es 3; re6u I'D steady;
( ttAr nrm ext creamery ~; State dairy
lT32l
One Sc irregular; state full cream small CO..
ore1 IL avn -, foil made, wv.
Nggs irregI; State And Pennsylvania l'02
Southern, lax. ,oc.
lbs LS70'.12 rnuth Jersey swe s. Sll9Tl 20.
Long Island L7502.l2; new Soutt @@5G
$50
Cabbagps ca Y; Long Isl nd south I'm
err =. Charles on 80: Norfolk .7'G Id %
Cotton .eed oil dn but stead ag in with
moderate ofieTing4 Prime CT Oe - !.
mills 350l35k prime summer yellow ~.
If su inner yellow 374@3S prlme"hlte4seg4 -,
prime winter v9ow 4607 prime meal S2"WI
12750 nom.
BALTIMORE PROVISIONS,
BALTIMORE. Nav 20 Flour dull;
Winter patents 8.S50t; Spring PATENTS 4.O6(0t; 10
Wheat stea1y; sIot ani May SOAQ@sOA
Sout zero ~rea Nv sample .QS. .,,,
Co quiet: spot ard Msy 5lA05lh
SoLthe white cum 460152
Oats firm: No. VIII te, 40G1405.
Rye oul; M. 56h; NO. western -
Butter firm and lower; fancy mitat.oa 1920
fancy creamery 24157.
Eggs 1T ady; fresh 15H.
Oh ese fsrm; large 131l3H small l3nl34 :.
Sug " STEADY; fine ana coarse Vrsnultteo 5Oon
fl G SON.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-05-21
Weather and Crops in Vance,
Especial to News and observer)

Especial to News and Observer)
Kittrel, n c., May 2O.--The drought
now of nearly four weeks duration, com
ing right on the heels of the wettest spell
ever known, is fast getting to be seri
Gus thing especially with our tobacco
planters. Not hill of tobacco has yet
been planted that l have heard Of. and
some could have been planted without
watering which is slow of execution and
uncertain in it's results. Owing to the
warm weather in March the plants are
badly over grown and will be tender and
hard to get to live even with fair ''sea.
SON" However the Kittrell weather pro
phet the one upon whom the Weather Blu
reau turn such heary ordnance fer in.
sistino that he could foretell the exact
rainfall Of any coming summer by oh.
serving the height that the wasps built
their nest above the ground says that if
the farmers can hold out till June they
will surely have rain.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-05-21

Ii There have been unmistallable signs
of free liquidation of summer months dur
ing the excitement and both here and New
Orleans, and it is believed that when this
short scare is over it will be found that
the bull crowd have largely reduced their
holdings and have taken out good part
of their handsome profits. The scare among
shorts was started by the prospect OF an
unfavorable comparison on June 3rd next
with last years bureau report which it
will be remembered showed the most per-
feet condition ever known at the outset OF
new season. No one expects any re-
markable report this year, in fact a figure
below the average is looked for This is
mainly the result of late start and re-
planting in numerous sections both OF
them failing, which time and favorable
weather can easily remedy. However, as
we said before the public is not disposed to
argue the question now, and it is likely
that the market will be nervous until af-
ter the bureau report shall be out of way.
as disturbing influence. Meanwhile the
crop is improving daily and is rapidly re-
covering lost ground
CAMMANN e co,
Cotton Department
Per HUGH +. MELROY.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-05-21
NEW YORK COTTON.

New York, May 20.-The cotton market
orened firm at an advance of to Il
points and ruled fully as excited, more
irregular and erratic though possibly
hardly so active as during some of the
days last week. The initial advance was
due to further covering and aggressive
bull support following cables which were
sensationally strong. The realizing how
ever, was enormous and after prices had
been worked still further upward there
came break of about 10 to Is points
from the best of the morning On the
decline rumors were circulated that Ger
tain Philadelphia interests and the lead
ar of the late New England clique had
combined to oppose the bull faction and
would .stubbornly resist the advancing ten
dency of values Later this was denied
and a counter rumOr was circulated to
the effect that the New Orleans bull had
come to an understanding with the Phil
adelphian short interest that would en-
able him to accept all the old crop cot
ton rendered. This rumor gained general
circulation late in the afternoon and was
responsible for one of the most excited
and spectacular advances yet recorded.
Prices meantime had ruled irregular
fiuctuating up and down as first the bulls
and then the bears gained temporary con-
troll of the situation. While the strength
al Liverpool had encouraged the bulls,
the large port receipts and continued ia
vorable weather proved incentives for
fresh selling on the higher levels and from
the high point of the morning prices
showed 4 generally downward drift until
&sd-afternoon when May luddenly ext
hbited remarkable strength under the eff
forts of belated shorts to cover. !. That op-
ton was bid UP to 1898; July to 11.35:
August to 11.05; September to 1O.11. and
December to $50 all of these prices be-
ing new high records for the season, with
the exception of July, which was within
one point of its previous best price.
Then came another wave of proft-tak
ing by room longs and the market eased
off to 1924 for May; 11.25 for July; 1923
for August; 9.99 for September, and 9.39
for December, the market closing bare
" steady net unchanged to thirty points
higher on the old and from q to % points
higher on the new crop positions. Total
sales futures were estimated at 500, 900
bales.
Port receipts were 1854 bales, against
2.SS3 bales last year and the interior
movement was considered bearish but the
Southern spot markets while quiet were
firm and spot cotton in New York, inlu-
Cnced by the developments in May was ad-
vanced 30 points to 1915.
NEW YORK. Nav 20 cotton spot co ed
quiet 40 points h'gheer mddl'ug uplands
ais middling gulf so sales 500 baes
enturas opened firm
closed
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-05-21
NAVAL STORES.

WILMINGToN. N. c. May 20 -Turpentin'
nothing doing. Al; receipts 80 casks,
Rosin steady: 81 90; receipts ~.
Crude, quiet at$2. oO03 E5013 so; receipts
70 barrels,
Tar firm at S1.65; receipts ~.
CHARLESTON. 8. C.May 20 Spirits tur-
pentine ,uiet; IS: receipts -; sales
exports
Rosin nominal receipts =. sales :. ex-
ports 49,.
Quote A p. CLIO; D. s1.ko; e. $3.50 2
Los. q. 1.70i II, = 10; j. 2.77: K 20. fir
$40; N, 2. l0n; ,NG. 3. IN; Wv, G37A
SAvANNAH, Ga. May % Turpentine. ?; NJ
As; receipts 9Si, sales, $50: exports
Rosin steady; receipts c,464. sales 260;
exports
Quote A. b. C. ID. E.s15o, f, IS
@ SEe9; II, 1927, 2.s7;1s K, S3.O2;
M. S3.1.; N. So II; VIC S3.-7h; WV S3.17h
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-05-21
Cammann e. Cos.
Cotton Letter.
Especial to News and Observer.)

New York, May 2O.-The scare among
winter shorts was transferred to Liverpool
this morning and futures closed equal to
2S points higher on new crops and about
20 up on near months. A remarkable par
adox is furnished by an actual decline OF
2 points in spots with sales of only 5000
bales. The advance in futures is thus
made to appear due to manipulation pure
ly However, that may be, the public
was in no mood TO theorize and further
covering of winter took place at our open
ing resulting in an advance of II to II
points on new crop. Near months were
tame in comparison and gained only to
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-05-21
NEW ORLEANS COTTON.

New Orleans. May 20.-Spot cotton was
dull and nominal today. Quotations I'M
changed The future market was irreg-
ular and excit~ with trading active.
Much liquidation was INDUCED in and
there was much covering by shorts. Prices
showed rapid fluctuations within wide linn
its. News from the country, combined with
manipulation and heavy buying sent the
late positions up for substantial net gains
At the opening July was up one point,
August TO- September s.; October II; No
vember 4. and December s. The closing
figures showed net gains of to points
on the summer months and to &c points
on the new crop positions.
NEW ORLEANS, LA. May 20 Cttto iu.Lr 5
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-05-21
e ia : middIing, go. c.:
NEW YORK MONEY.

NEW YORK, May 20 ! n. m-money on
call steady; 2rWlA; time money "a:
cl IS ng 90 days ~ 61l15. go DAYS -2ses T. six
months ~. Prime m mercantile paner a. as
sierlchange strong; actul bushes IN hank
TITS q 4NSl5 for dem an and 50 Is for Z,
da- ~ .. Posted "a es 4aS u 1tSs, Com
',ars a. GJvsrnment b, nds stea rs
Rauroad tonu. VIZ
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-05-21
MADE HEADS SPIN
AND HEARTS THROB
Exciting and SpectuIar Ad-
vance in Cotton.
A RU NOR RESPONSIBLE
The C'css Net Unchanged 10 80 Points Higher
on Old ard 81 TO 20 Higher on
New Positions---Bresk
in Stocks
A RUMOR RESPONSIBLE

New York, May 2O.-The dry good,
market is firm with more desire to buy on
the part of certain important factors. The
cotton situation is making buyers eau
tious and yet the belief is growing that
before the first OF July general buying
movement will have started which may
cause an advance in prices all along the
line
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-05-21
Uptown Ticket Office
sPsCnAL RATES VIA THE sEAB0ARD
AIR LINE RAILWAY.
GENERAL ASSEMBLY CUMBERLAND
PRESBYTERIAN CHURCH, NASH
WILLIE, TENN, MAY 21-29, 1908.

On account of the above occasion the
seaboard Air Line Railway will sell
round trip tickets to Nashville, Tenn,
at the rate Of one fare for the round
trip. Tickets to be sold May 1sth-2Oth
and 21st. Final return limit June LIST.
These tickets may be extended until June
18th by depositing them with special
agent and upon payment Of fee OF so
cents.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-05-21
sAENGERFEsT OF NORTH AMERICAN
SAENGERBUND. ST. LOUIS, MO-,
JUNE 1920. 1903.

On account of the above occasion the
Seaboard Air Line Railway will sci
round trip tickets from Raleigh to 81.
Louis, for one first-class fare plus %
cents. Tickets to be sold June 18th an6
nth, with final return limit June 25th.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-05-21
FOR Asthma use CHE
News EXPECTORANT.

HORSFORD'S ACID PHOSPHATE.
Nourishes, strengthens and imparts new
life and vigor. Cures Indigestion, too.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-05-21

"See here, young man." said the min
lister, "you never paid me that fee for
marrying you
You're mighty lucky I haven't sued
you for damages Tit Bits.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-05-21
MoNTBAGLE BIBLE SCHOOL,. MON
TEAGLE. TENN. JULY / TO
AUGUST 90 1903.

On account Of the above occasion the
Seaboard Air Line Railway will sell
round trip tickets to Monteagle. Tenn,
at one frst-class ticket, plus rs cents.
Tickets to be on sale June SOth-July End,
inclusive. Also July %, % and oath, with
final return limit August 31st. These
tickets may be extended until October
31st by depositing them with special
agent and upon payment Of fee Of 50
cents.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-05-21

1-S01-4 cents higher. July corn was 1-Sc
higher, while September provisions closed
from shade lower to Sc higher.
Leading futures ranged a. IoLlows
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-05-21
SUMMER SCHOOL, ATHENS, GA, JULY
1-AUGUST 9, 1908.

On account of the above occasion the
Seaboard Air Line Railway will sell
round trip tickets to Athens, Ca for
one flrst-class fare plus 25 cents. Tick
cts to be sold June 26th, 18th, Both, July
1st End, 4th, 18th, 18th and 25th, 1903,
with final return limit fifteen days after
date of sale. These tickets may be ex-
tended until September SOth by Deposit
ing same with special agent and upon
payment of so cents.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-05-21
NATIONAL EDUCATION ASSOCIATION

wv 4FAAANJA98 WN4A9
On account Of the above occasion
tickets will be sold at the rate Of one
fare for the round trip plus $500 mem
bership fee. These tickets will BIZ on
sale July End, Ord, 4th and 5th, with final
limit July 18th. These tickets may be
extended until September LIST by deposit
ing same with special agent anG upon
payment of fee of so cents.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-05-21
GRAIN AND PROVISIONS.

(By the Associated Press)
Chicago, May 20.-The wheat market
manifested considerable activity today and
after rather unsettled session, July closed
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-05-21
NKw ORLEANS, La. May 20 otto iu.Ir
barely steady.
LIVERPOOL.

LIvVR 'ooL MAY 20 Q. m. -(1ooton --Sn"
quleif prices 20+ points higher. Amer ca
iaidd iu2 fair o.. o; good Iddlng o.S7 lnl =
The 50 as NJ he day @sre go 70 Uales. Of
y hieh 900 for sIecnlation aud export an@
N "det 900 Ar g lea, Rec lots 23,W
Including 1890 Ar erlcau.
a. opened fir u aud closed Sti dy
nd strong.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-05-21
S. A. L. STOCKS AND BONDS.

BALTIMORE, May. % Seaboard Air Line
common IS, preferred AIN,
Bonds as. Sly.
Atlantic Coast Line. common. 128; pre-
ferred 1850.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-05-21
SEMI CENTENNIAL CELEBRATIo2I

SALEM, VA, JUNE I'll, lSUa.
On account of the above occasion the
Seaboard Air Line Railway will sell
round trip tickets to Salem, Va, at the
rate of one fare for the round trip.
Tickets to be sold from points in North
Carolina June 5th to 9Th inclusive, with
final return limit June 18th.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-05-21
FOR SALE, VALUABLE SECURITIES.

AS Executor Of the last will and testa-
ment of Mrs. Virginia B. Y. Swepaon,
and under the authority contained In
said will and at the request OF the parties
therein interested, : will offer for sale,
at public auction, for cash. at the Court
House door in th@ city Of Raleigh, on
Saturday, May 2Srd, 1903, at - o'clock M,
one North Caroliha per cent bond Of
the denomination OF one thousand dol
lars. and forty shares Of the capital stock
of the Commercial and Farmers Bank OF
Raleigh, said shares being each Of the de-
nomination of Fifty Dollars.
This May LIST, 1903.
ASHBY LEE BAKER.
Executor of the last will and testament
OF Mrs. Virginia 3. Y, SWepson.
5-2-3 WkB. laA
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-05-21
THIRTEENTH ANNUAL MEETING
SOUTHERN EDUCATIONAL AS
ISOLATION, ASHEVILLE, n.
c., JUNE 30 JULY 3.

The seaboard Air Line Railway win
sell round trip tickets to ASheville, N.
c., at one frst-class fare fo} the round
trip. plus 25 cents. Tickets} to be sold
June 27th-JuIy list, with final limit July
10th. BY depositing tickets with special
agent the limit on these tickets may
be extended until October 10th by pay
ment of fee Of so cents.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-05-21

The market closed steady
Cotton futures today ranged as follows
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-05-21

For further information{appl to
C. FIJI. GATTIs.
City Pass &{Ticket Agent.
II. s. Lizard, Travelling Pass. Agent.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-05-21
BONDS.

Man. gold con. ..1o1N
Mex. Cen. 4's.,.. 79T
do 1st Inc. 25X
MINI. e. St.L 4's1ooX
Nj. Z. g. 7. 4s....loo
" 2nd's...... 81
N, {. g. Ists....
do gen 3 1-2'.1o39
N J. q. gen. 5's..133
No. Pac, A's...,..lO1N
" 3's.n....,.. TN
N, B. W.con. As. o9h
Reading gen. as DIV
st L & Mton SIS liz
st, l.. rs Fgen4's 96%
St.L. S'wes rs. OAK
do 2's ........ 82h
S.A. &A.Pass as 79H
SO. Pac. 4s...... 90
So. Railway 5's..1I6k
T. II r. lists. .11s
T.,St.L&W. as. ~
Union Pac. as. 1929
do cow. as. e675
Wabash 1sts.....1154
1" ends ........1o7X
do. Deb. B. -. 73H
West Snore 4 g. no
W y L, E. As. %
Wis. Cen. 4's.... OK
Mobile Il O. as. 81
Con. Tob.. A's... o0B
Col. +. don SIS :. Is
r. J.. as 1900. s2A
Penn cOnv.3's., e5k
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-05-21

IS.Ref. 2's reg..1osA
!. 8. Ref 2's ecu 1o5M
.. S.3'sreR .."..Io74
. cot . ........t07A
J. 8. new as reg 1851
' coup ........135h
:. 8. old as reg.1to1
=" coup ......11oN
:. g. SIS rsg.....102h
" COMP, ...102h
Atch 'sn Gen. as. 97B
" adj 4s....., 81
Ialt. q q. 4s...1O ~
do 3 1-2's. 81
do cow. 4's..1ooH
IAN. So ends. .1o5X
}. of g. 5's......1os
&" 1st incomes. 7+E
+" I'd incomes sax
J. IL o. 4h's.... 10+K
c. s. A 3 1-2's... Ton
O.. b & @. ga. o4R
IM&StP gen 4's1o9
.. & N. con 7's..131f
T., r 1. q P. 4's.1o6H
CCC&SLgenP 9)H
Chicago Ter, as. S3N
Colo. So 4's,.,.. 80
, q. Rio G.4's,.. %
e rrior lien A's. 50
Erie Gen a's..... s5X
F.W. g. D.C.1sts L l
Hoek. y.41-2 s.107K
Z, s. ". uni. as ,.1C0A