davidaulloa/AmericanStories huggingface dataset:
The Montgomery advertiser., 1903-03-21
WEEKLY TRADE REVIEW
EXCESSIVE MOISTURE THE
 CHIEF DRAWBACK.
Improvement in the Jobbing Trade, Better Collections and Easing of the Car Shortage Among
 the Favorable Factors.

NEW YORK, March 2o-Bradstreet's tomor- row will say:
 rains and floods of merely bad roads Is an apparent drawback to distributing trade. Over against this: however. is to be placed an i'm provement in jobbing trade at some leading reported collections. a perceptible easing of the car shortage trouble and increased strength in the iron and steel trades There is even some improvement in the labor situation, but labor disturbances is still possible unsettling fea- ture. particularly in the buildings trade. The Easter season is one of the latest record but actual spring weather conditions op- erative. The next two weeks will see applied the test of demand in retail lines Gross rail- way earnings for the first half of March show an aggregate gain over last year of fully 12 per cent In prices the feature is the future slight strengthening of cotton. Cotton goods have dis played exceptional strength though a waiting tendency regards new business is noted at first hands. The feature in the cereal markets has been the very general easing of prices sympathized in by pork and lard. Hides are slightly weaker, while leather and finished products continue strong. Tin and copper among the metals. after quite a steady advance, have weakened slightly.
 Strength of prices Is leading feature in iron and steel at all markets. both at home and abroad. Domestic production is still un- equal to demand. Foreign markets for pig ern seaboard prices also are frmer, and steel billets are higher at leading Western pro- ore in the central West. Finished materials are still active the country over. Western mills are sold far ahead. Wire and wire products are es- pecially active at all markets. Rather more in- quiry is noted for pig iron at Birmingham though buyers and sellers are still reported apart Material for pipe manufacturing has been advanced in price. Lead is higher on the week. but copper and tin are lower.
 Wheat, including four. exports for the week ending March 1 aggregate 2,395,59S bushels against 366 796 last week, 4,3263 3O4 in this week year ago and 3,256, GA in 1901.
 Wheat exports since July aggregate TO. .046- 52S bushels against 19l,4s4.597; last 146,- 473. .0es in 1900
 Corn exports aggregate $40, ,o6S bushels against S,257.999 last week, 339,S91 a year ago and 2,6o5, ,os1 in 1901. For the fiscal year ex- ports are 40 25S bushels against 23 994 701 last season and Al. .58S, 120 in 1901.
 Business failures for the week ending March 19 number 194. against 176 last week; l9T in the like week of 1902, 23l in 19o1 1s2 in 1900 and 1S2 in 1899.
 h Canada for the week failures number 14 as against 20 last week and 26 in this week a year ago.
The Montgomery advertiser., 1903-03-21
Virgin 6 Faunce's Cotton Letter.
lover Private Leased Wire

lover Private Leased Wirel
 NEW YORK, March 2o-Cotton futures in the local market today opened steady in tone with first prices at a decline of points to an only month showing a decline. Subsequently the general list advanced a few points, but the little bulge offerings increased heavily and there a substantial recession. There was some bull support the New Orleans fig ures showing an insight of between l35. 900 and 40, 900 bales, but the interior movement for the week about g. 900 bales ahead of that of last year and under the circumstances there little pressure at times. The port receipts figuring at but l2,o0o bales, against l 3.9 900 for the day last year. Flood news more of factor today in that Memphis reported levee break at Pecan Point This break involved all of the Arkan- sas region, and was necessarily seriously con sidered The bull element was credited with buying July cotton quite freely. The official weather map sized up bullsh. indicat- ing rains and temperatures in many sections for the European account, but this business on the whole reflected cautious procedure the part of the foreign element. The volume of support from public interests was of moderate proportions. There were reports of liberal 'no- tices' which. however, far could be traced, only started to the amount of ,OO0 bales. The spot markets generally were steady with a moderate demand from spinners and exporters. Holders in the South were firm in their views, the continued light receipts serving to encourage a stubborn holding off tendency on their part Mill advices were without new feature. Further rains through out the Ohio Valley were calculated to further rise the stage of water in the Mississipp River. At the close there was rather mixed feeling.
The Montgomery advertiser., 1903-03-21
DUN'S TRADE REVIEW.

NEW YORK, March 2O-R. G. Dun and Com pany's weekly review of tradA tomorrow will say:
 only one distinctly unfavorable factor fs re- ported in the business situation and 1t exists more in the fear of what may happen than through anything that has actually occurred. Several strikes in progress but none that seriously hamepr industry, although many con- troyersies threatened and may interrupt trade. unless agreements are speedily reached. Railway facilities need much extension If they are to keep pace with the nations growth. Job ping trade is very large and advancing. Season stimulates sales in many lines. Reports from the West are especially satisfactory. Buying of spring and summer merchandise Is heavy for the interior and mills are resuming that have been idle because coke could not be secured. A careful canvass of building operations at the leading cities makes a fair comparison with last year Returns are unanimous in disclosing decrease compared with 1901. however. which was the banner year in this respect. High cost Of material and wages of labor undoubtedly retarding influences at the present time. Rail- way earnings thus far available for March show an increase of 146 per cent. over last year and 261 per cent over 1901
 Prospects in the iron and steel industry are still conspicuously encouraging. Only two draw backs are seen-railway congestion and labor disputes. The former has greatly diminished with settled weather and coke is moved freely to blast furnaces. while pig iron and other products reach their destination with less in terruption.
 Quotations fully held at Pittsburg and a large purchase of Bessemer iron for delivery in the last half of the year is still under con sideration. Some wire products and cast pipe are advanced in prices, and as many mills are unable to delivery billets for several months foreign steel is still purchased freely. Pig iron is continually arriving from abroad and finds ready market. Textiles are only fairly act i've, the buying at first hands for home account being on a moderate scale and forward bus- ness indifferent execute in the case of a few specialties. Unquestionably the undertone of the cotton goods market is strong Demand for heavy weight woolens has decreased most new orders being for the cheaper grades More can cellations of early orders reported Much better conditions prevail in the dress goods market. both as to staple and fancies. New England shoe shops report increased sales Western Jobbers placing orders for August and September delivery Leather is more active and market is fin a healthy condition. Another gen eral reduction is reported in domestic hides but foreign hides average higher. despite larger receipts.
 Failures this week numbered 22O in the Unit ed States against 209 last year and 22 In Can ada against 3l year ago
The Montgomery advertiser., 1903-03-21
Chicago Grain and Provisions.

CHICAGO, March 2o-Quietness prevails in the grain and provision pits today. but higher prices were realized with the exception of wheat which closed about steady with May hc uower. May Ac higher. Oats were up a fraction and May provisions closed from 10 to 15c higher
 Trading in wheat was small. and the market held steady throughout the day after rallying partially from weak opening The unexpected lower cables were responsible for an opening quite liberal at the start and May eased off to 73%c but the strength on corn and fears of damage by the colder weather soon caused and May advanced to 74hQ74Ac. Covering by shorts held the market steady the latter part of the day and the close was hc lower at 74c. Clearances of wheat and flour were equal to PSI, 900 bushels Primary receipts were 100000 bushels, against 4740O0 year ago. Exports of Bradstreet's were 2,396. 900 bushels, compared with 4326, 900 year ago. Minneapolis and Du- iuth reported receipts of 26S cars, which with local receipts of IS, none contract, made total receipts for the three points of 273 cars against 293 last week and 254 a year ago.
 There fair trade in corn, but the busi- confined largely to local account, The feature of the trading was the buying of May and selling of July by brokers supposed to CT conditions were bulllsh and small receipts to- gether with good cash demand added to the strong and near the top May being up % at IA g447so. after selling between 449447s. Local receipts POI cars, two contract grade.
 Oats were helped some by the strength in corn. but there was little change in prices and the trading was mostly by scalpers. After sell Ing between s4h and 34Ac, May closed a shade higher at S4N Local receipts were 235 cads.
 Light receipts of hogs and higher prices at the yards caused strong opening in provi- sions and with a good commission house de- mand together with buying for export account a further advance was made May pork closed l5 cents higher at 1915. May lard was also up 15c at 10 15, while ribs were 1oQl2hc higher at g. 9O19. .921A.
 The leading futures ranged as follows
The Montgomery advertiser., 1903-03-21
Worlds Visible Supply.

NEW ORLEANS. March 20.-Secretary He's ter's statement of the worlds visible supply of cotton, made up from special cable and tee- graphic advices, compares the figures of this week with last week, last year and the year before.
 It shows decrease for the week just closed of t01.04S bales, against decrease of r 4S0 last year and decrease of 45.oT year before last.
 The total visible is 3,675.965. against B I'll OOs last week. 4261. 151 last year and .992 3S3 year before last Of this the total of American cot ton Is g. 479 965. against 2e1300S last week. 3143 151 last year and 2,9G4 3S3 year before last, and of all other kinds, including Egypt, Brazil. In dia. etc, 1196 900, against | l64. 900 last week. LIS 900 last year and 1,O2S GOO year before last
 She total worlds visible supply of cotton as above shows decrease compared with last week of 101,043 hales. a decrease compared with last year of 5s5,l ,ls6 and a decreaes com pared with year before last of SIG HIS.
 Of the worlds visible supply of cotton as above there is afloat and held in Great Britain and Continental Europe 1,950 600, against 2.261 900 last yeur and 1.S240o0 year before last in Egypt 4S. coo. against 2SS.000 last year and l7sO0 year before last; in India 7290 900, against 57S.000 last year and 594,O00 year before last. and in the United States S49 900 against 1S4 00O last year and 1,456.O0O year before last.
The Montgomery advertiser., 1903-03-21
MARKETS FOR FUTURES
CONSIDERABLE FIRMINESS FOL-
 LOWS THE CALL.
Realizing Movement Sets in, and At The Close Prices are Of 4 to 12 Points-Sales Estimated
 At 300,OO0.

NEW YORK, March 2o.JThe cotton market opened steady at a decline of points to an advance of points and immediately following the call developed considerable irmness. not withstanding weak Liverpool cables, which, due to come 245 points higher were but IAq3 higher at the time of the New York opening The early hrmness was the result of renewed covering by shorts and some buying for the long account based on the continued flood re- ports and moderate estimates for the day's receipts. Under these influences the market advanced iQ4 points from the opening, but this proved the high point of the day. Reports that about 3oooo bales of got cotton were pointing to New York presLAably for March delivery caused nervousness among the smaller longs. realizing movement set in and as the advance since the low point of yesterday had now been considerable room longs evident ly thought 1t wise to secure profits In ad- dition to this there was considerable selling for the short accounts on the larger estimates for tomorrow's receipts at the leading points and the larger movement into sight than expected Weather conditions were still more or less un- settled and this checked selling somewhat, but exports were small and the market closed steady, net 49 points lower, that level being within l@2 points of the lowest. Sales of fu- lures estimated at 300. 900 bales.
The Montgomery advertiser., 1903-03-21
Local Weekly Cotton Statement.
H. 6 B. Beers Cotton Letter. ISnaoial fn Tha Advartiaer

NEW ORLEANS March 2o.-Notwithstanding Liverpool advices were disappointing, our mar ket opened to points higher on near months and point on late and subsequently, improved to points additional on fresh buying pre- dicted on reports of a good local spot demand. Later in the session the moro liberal amount brought into sight for the week than expected
 combined to a rather freer interior movement superinduced a break of points from the top old crop months and to points on new
 making the net loss 8 to points on near months and to points on late. The amount brought into sight for the week 140 900 against 146, 900 last year and the total marketed from September 1 to date has been g, ,305 900 against s.23000o last year. The thirty lead ing interior towns during the week received 6S,0O against 70.000 last year. Considering the interference of railroad and steamboat traffic through the valley by floods, the movement is considered large. This feature. however, will continue to curtail receipts in the future until there Is a considerable fall in tho Mississippi River. The small spot sales in Liverpool for several days past Is not encouraging and ca bles from there today claim that spinners are well supplied with the article and are now pursuing a hand to mouth policy. never theess, the minus correction of 10, 900 in New York stock and the 6 900 deficiency in the week. ly movement Is anticipated to make the visible supply statement very bulish. The advance of over cents pound has been based on the strong statistical position and 1t Is thought by many that existing values discount that factor in the situation barring manipulation.
The Montgomery advertiser., 1903-03-21
A. B. Baxter 6 Co.'S Cotton Letter.
 LBy Private Wire l

NEW YORK, March 2o.-Although the ad- vance yesterday was a very good and ca bles failed to move up accordingly when market opened. prices here showed a further slight gain when business was resumed today. It was believed that the market was in good shade as at any time before and there was a feeling that Liverpool would make a further progress in establishing higher level in the course of time The statistical situation is too strong to expect any other course. In the cotton belt today. there was more or less rain in the Atlantic and Gulf States with heavy downpour in Central Texas. There little nothing of striking character in the river news and this feature of the situation does not seem to excite much interest either way. Bears are making determined efforts to create adveres sentiment on the ground of Epinners' wants being supplied for a long time and threatened strike of New England mills, but with little success. Prices moved up and down within a narrow range most of the day. In sight for the week 38, O00 against i43 900 last year. Cables were quiet, but steady at ld4 points advance Port receipts were estimated at I2ooo against 4,ooo last
The Montgomery advertiser., 1903-03-21
New Orleans Spot Cotton.

NEW ORLEANS, March 2o.-There was only a fair demand for spot cotton today. While the sales indicate fairly heavy trading they include some 2ooo bales sold after hours yesterday. Prices were firm at yesterday s quotations and factors trying to secure an advance, but not able to do so. Sales. 5,o5o Lales, including 1850 to arrive, Quo- tatiuus unchanged.
 Futures opened d4 points higher and soon after gained 4a5 points additional. Profit talk ing by sCalpeis caused a reaction which car ried prices down to yesterdays closing figures The bull clique in liverpool comme need opera tions by taking profits heavily. Private cables said that the Egyptians who have been buying heavily recently had unloaded. New York com menCed to hammer market and New Orleans followed suit. After numerous fairly wide huc- tuati9ns the market at tho close showed net losses the day of 396 points. The most active months in the trading were May, July August and December.
The Montgomery advertiser., 1903-03-21
Naval Stores.

SAVANNAH, Ga, March 2o.-The past week witnessed no further change in the naval stores markets than an advance in the prices of low grade rosins. Grade and below are up 5C The demand for both turpentine and ros- ins continues of the best, with the entire of the offerings wiped up daily at quotations, stocks in the hands of consumers are said to he small. and this keeps the market in a steady whole sale condition.
 While the receipts of turpentine run along about on an average of 30 to GO barrels a day the indications are that there will he decided increase within A short time. some day the last If this month vii And the new crop coming in from both Georgia and Alabama. Estimates of tue coming production do not place it above "Iat Was m''le last year
 Incident tc the removal of several big naval stores concerns to Jacksonville. talk is heard Tn some quarters If the possibility of not porting ll the receipts at those ports from them. Al 1lonc it has been the freight rate from Florida pnlDts to Savannah that has op- erated agninst his city in the handiing of naval stores from that State. But now 1t is proroseG Co tow the product up from those ports c. this city hy the Insdp route, thus landing 1t here at a low cost. Moreover, this would be an advantage, 1t is claimed for the receipts could be delivered alongside the ships thtrehy saving the cost as well as wear and t'nr, in handling from the cars to ships Whether this is to be done remains to be seen. 1t Is talked of freely in local trade circles how ever, and if there is any attempt to carry it out and the attempt is successful. the Florida end of the proposition will be up against some thing that may not have been entirely foreseen SAVANNAH -Turpentine. firm. 65; receipts 93 sales lu0i exports t5
 Rosin-Firm receipts 2 l64; sales, none; ex- ports, TIPS Quote: A. B. C. D, F, g O5; F no; c, s22o; H. s2 70; I. S2.s5; K, SS 20; M $3 4o; \. S3.6o; window glass, -; water white
 CHARUESToN-Turpent 64; sales none.
 Rosin-Firm A, B, (. D. E. s1s5; F. s2.OO; G. 2l0 H. $2S0; l, s275; K, SS,1O; M, s33O; N $S.6o; water glass, $3. 75; water white. S4.15.
 MINGToN-Turpentine-F 6; re- ceipts. 2S casks
 Rosin-Firm. $1. 95; receipts 279.
 Crude petroleum-hrm. g. .4OQ4 %; receipts, 2I
 Tar-Firm, Sl.s5i receipts 473,
The Montgomery advertiser., 1903-03-21
St. Louis Provisions.

ST LOUIS, March -Flour-Steady; red Winter patents. S3 3oG3 45; extra fancy and straight S363 25; clears. S275q2 90.
 WhiskeN Steady at Sl3o.
 Dry salted meats-Firm: boxed extra shorts Se 75; clear ribs, 0; short clears. SIoI2k
The Montgomery advertiser., 1903-03-21

Cash quotations were as follows: Flour-Dull and easier.
 No. ? Spring wheat. 7e977; No. 3, 7eN; No red 72 q72&s
 No. 2 corn, 42% No yellow. 42%. No. oats. 337s; No. white 34g 361A. Mess pork, per bbl., SIS IoQl3.l5. Lard per co lbs. Slo O5G-loI5. Short rib sides 0oose). S9. 759e 90. Dry salted shoulders (boxed), S9, 75d9. 97k Short clear sides (boxed), Slo.371A9 0. 5o Whskey. basis of high wines, Sl.3o.
The Montgomery advertiser., 1903-03-21
Bank Clearings.

NEW YORK, March 2o.-The following table compiled by Drau1treet shows tho bank clehr rgs at the oit:es named for the week ehaoa March ie, with the percentage of increase ana decrease compared with the corresponding week last year.
The Montgomery advertiser., 1903-03-21
Daily Cotton Market.

NEW ORLEANS-Steady; sales 5o5o: ordi nary. Sk; good ordinary, 8%; low midding g 3-l6; midding. ga; good midding. 0 3-I6 middling fair, io7s; receipts. 2,I56; stock 257. 464.
 GALvEsToN-strong; middling. eI5-Ie sales, I32; receipts, 4656; stock. IoI.2Io
 MOBILE-Firm; middling, 9Ss sales, 500; receipts. 20; stock. S.o5S
 SAVANNAH-Quiet; middling. 9&; sales 2e5: receipts. .932; stock. 66. 694
 CHARLESTON-Firm middling, elk: re- ceipts 53; stock. lo975.
 WILMINGTON-Firm middling, 9ls receipts IA; stock, 2.74S.
 NORFOLK-Steady midding. eT; sales I4e: receipts, .l3e; stock, 2l.730.
 Nominal; middling IoB; re- ceipts, 9e3; stock, 4,972
 BOSTON-Quiet midding, lo.lo; net re- ceipts. SIS; gross. 4S54.
 PHTLADELPHIA-Quiet mtddling, lo.40; receipts. 75o; stock (corrected), 5 366.
 ST LOUIS-Steady; middliug, g I3-l 6; sales 52o; receipts. I7l5; stock. 2223l
 NEW YORK-Quiet; middling. lo.l5; net re- ceipts. 300; gross, 4,s2o; sales. 6oe: stock Total today-Net receipts I2 34e; exports tc France. 75o; to the continent, 735; stock, 567. 32o
 Consolidated-Net receipts. S7. GOA; exports tc Great Britain. 57 900; to France, lo.24I; tc the continent 58 PSI.
 Total since Sept. l--Net receipts 6.9S4. .e6o exports to Great Britain. 2 .344, o7o; to France 6el ,2e2; to the continent, 2,464. 54.
The Montgomery advertiser., 1903-03-21
MARKS& GAYLE.
 Cotton Merchants. DAILY COTTON QUOTATIONS
 FOR MONTGOMERY,

Based upon American Standard Caassinca, Vnu and actual salenl
 Our market quiet and steady.
 Strict middling ........................... .9% 99S Strict low middling ...............,.....,,.. ois
 Port receipts today, i3,352, against I3,e22 last year; Houston tomorrow, 8. 500 to 4, 00o against 2,459 last year; New Orleans tomor- row, 5000 to 6.ooo against 3, eos last year; Galveston tomorrow, 2.ooo to 5000 against {, ,3S7 last year.
The Montgomery advertiser., 1903-03-21
New York Cotton Futures.

NEW YORK, March 2o.-The ruling prices In the Cotton Exchange today were as follows:
The Montgomery advertiser., 1903-03-21

Local Cotton Market. Quotations for spot cotton in the local cotton market yesterday were follows: Strict middlinB ............................ o% N"uius .....'.........s.'.........
The Montgomery advertiser., 1903-03-21
Kansas City Live Stock.
Treasury Statement.

WASHINGTON. March 2o.-Treasury bal ances, S224,596 oo2; gold. SI2o. .536.4I5,
The Montgomery advertiser., 1903-03-21
The Cotton Movement.

NEW YORK March 2o.-The following sta. tistics on the movement of cotton for the week ending March 20 were compiled by the New York Cotton Exchange:
The Montgomery advertiser., 1903-03-21
New York Dry Goods.

Brought into sight thus
 far for season. e.4s5. POI e.sI2s7s
The Montgomery advertiser., 1903-03-21

NEW YORK; March 20 The dry goods mar ket has been slow and uneventful, but it shows no inclination to make concessions nor to agree to any offers of buyers that are at all under the market Jobbers are doing only a moderate business with nearby retail trade but reports from the country are that retail trade is in- creasing most favorably.
The Montgomery advertiser., 1903-03-21
Total Net Receipts of Cotton.

NEW YORK. March 2o.-The following are he total net receipts of cotton at all ports
The Montgomery advertiser., 1903-03-21

CHARUEsToN-Turpent 64; sales none.
 Rosin-Firm A, B. c. D. E. s1s5: F, s2.Oo; G. s2 l0 H, s230; l, S275; K, $S.10; M SS 30; N $S,6O; water glass, s. 75; water white. $4.15.
The Montgomery advertiser., 1903-03-21

Total crop movement
 Port receipts .......... Overland. mills and Can
 Ada ......ss........ Southern mill takings (es-
 timated) .. ..,........ Stock at interior towns in
 excess of Sept, loco.