davidaulloa/AmericanStories huggingface dataset:
The Montgomery advertiser., 1903-12-19
Caldwell & Wards Cotton Letter.
c. G. Abercrcmbie. Manager.

lover Private Wire From H. & B. Beer.l
 NEW ORLEANS, Dec. IS.-As early Liver pool advices were better than expected, our market opened 364 points higher on the near months and advanced 74I2 on the later. Bus
 iness in Liverpool, due to warlike rumors in
 the last, shortly after was instrumental fin es- tablishing a decline of Sql About this time it became known that spots were higher and that exporters were buying everything offered
 consequently fresh buying came in steadily for the balance of the session and caused an i'm provement of l6039 from the bottom. Near the close a slight cessation took place, making the net gain 29@34 points on the day. The was 4o3, 900. against 3S4, 900 last year and the total marketed from Sept. lst to date, has been 6. l46, 900. against GOA, 900 last year. The 3l leading interior towns during the week received 244ooo. against lSs 900 last year, and the aggregate stock held by them is 49o,- 900, against 52S, 900 last year. The movement now points to a crop of lo o,S3o, 900, but 1t is confidently believed by the majority of opera tors that the bureaus estimate is approxi- mately correct and that a decided falling off in the movement will soon materialize. It is absolutely essential that the amount brought into sight from now out must decrease ESQ., 900 under last year to make the crop only citemen statistics ignored entirely, be- cause the brisk demand for spots at advanc- ing prices Is sufficient incentive to stimulate values. This, however. as mentioned yester- day, has been brought about by a number Of interior merchants defaulting on their sales of spot cotton to European spinners, forcing these spinners to come in and replace their pur- there are a number of December engagements to i'll as well. therefore 1t is a question as to how long time 1t will take buyers to SUD- plyq their urgent requirements
The Montgomery advertiser., 1903-12-19
New Orleans Cotton Futures. NEW ORLEANS, Dec. Is.-cotton futures
Cotton Crop Movement

NEW ORLEANS, Dec. lS.-Secretary Hes- | ters weekly New Orleans Cotton Exchange | statement. issued before the close of business today. shows an increase in the movement into sight compared with the seven days ending this date last year in round figures of 56 900, an increase over the same time year before last of 900 and decrease under the same time | in 1900 of 4ooo
 For the 8 days of December the totals show an increase over last year of I7o.ooo, an in- | crease over the same period year before last of 36. 900 and over the same time in 1900 of 4,ooo.
 For the Ioe days of the season that have elapsed the aggregate Is ahead of the lOo days of last year Io2, 900. ahead of the same days days year before last lsS,ooo and ahead of
 The amount brought into sight during the past week has been 4o3,427, against 347,- year, 4o2. Is9 year before last and 4o6 s77 the same time In 1900 and for the le days of December 1t has been 54. 3oI. against 9s4.- 357 last year, L., 3o5 year before last and ], I49, eo5 the same time in 1900. The movement since Sept. l shows receipts at all United States ports 4,649, 944. against last and 4. 3492 the same time in 300: overland across the Mississippi. Ohio and Po- tomac Rivers to Northern mills and Canada. 293,40 against ASA, 506 last year. 532 4S2 year before last and 63e 56 the same time in 900: interior stocks in excess of those held at the close of the commercial year. 467. e37, against 46S, SIS last year, 5257l3 year before last and 693.o94 the same time in 1900: Southern mill takings. 735. 0oQ against 737,. GAS last year, 664 OPS year before last and 6l9, 226 the same time in 1900. These make the total movement for the l09 days of the season from Sept. to date 6. I46.- 294. against 6,o44,o49 last year. 5.e6I,3I year before last and 5e64 e6s the same time in 900
 Foreign exports for the week have been 2e2 353. against 224.7I7 last year. making the total thus far for the season 3,357. .S77. against 3,o56,66e last year. increase of 30 ! .2o9.
 Northern mill taklngs and Canada during the past seven days show increase of I,269 compared with the corresponding period last year and their total takings since Sept have decreased 36,4o0
 The total takings of American mills North and South, and Canada thus far for the sea son have been l,559,72o. against 1897, I55 last year. These include SI3,770 by Northern spinners, against 949. .S2o.
 Stocks at the seaboard and the 29 leading Southern interior centres have decreased dur ing the week 23 454 bales. against decrease during the corresponding period last season of g. 622 and are now 2os,SI4 less than at this date in 1902.
 Including stocks left over at ports and in- terlor towns from the last crop and the number of bales brought into sight thus far for the new crop the supply to date, Is 6,3l4,oS3 against 625e, ,l23 for the same period last year.
 World Visible Supply,
 NEW ORLEANS. Dec. Ie.-secretary Hes
The Montgomery advertiser., 1903-12-19
Liverpool Cotton Futurss,
DailY Cotton Markat.

NEW oRLEANs-steady: sales, I6.7So; or. dinary. 10; good ordinary. n 6-i6: low mid ding, l2 5-i6; middling. i2 li-I6; good mid ding, l2h; middling fair, l3N; receipts IT, 300; stock, 27o,792.
 GALVEsTON-Firm; niddling, i2N; sales, 9l6; receipts. Ioo26; stock. BOG. 922 MOBILE-Firm: middling,, I2h; sales 800; receipts, !, i36; stock, 46. Io3
 SAVANNAH-F1rrn; middling 2 7-i6: sales 4.509: receipts. e.Ioo; stock l20, 393.
 CHARLESTON-Firm: mlddlng, I2%1 l2 7-l6; sales, 75; receipts. 1869; stock. lS,-
 wILMINGToN-Steady: middIing, l2M: re- ceipts. l.799; stock. Is,el6. NORFOLK-Steady; middlinR I2%: saiex 0s4; receipts. %,os4; stock 23,oI2. BALTIMORE-Nominal niddling, I2 so: re. ceipts. 1928: stock. soeo. BOSTON-Quiet; nliddling. l2.70: net re- ceipts, IS: gross 6.253.
 PHILADELPHIA-Firm: middling, 1880; receipts. I94; stock. 3,393.
 ST LoUIS-Firm: middIing l2%; receipts. 2.0o2: stock. I4.e27. NEW YoRK-Quiet: middling. I3.oS net re- ceipts. 492; gross, 4.7il; sales, 500; stock 7o,779.
 Total today-Net receipts. 50 5se; exports to Great Britain. 35.65I; to France, i2,e77; to the continent. 5e, 657; stock. es7, ,7ee. Consolidated-Net receipts. 306, 454: exports to Great Britain. I24.2s2; to France, 30, 9e2; to the continent, l34.e3e.
 Total since Sept. Met receipts 4,63o, o29; exports to Great Britain. 1880. 3Sl: to France 4e4.436; to the continent. i.4l5, 24o; to Ja- pan, 2o,4oS; to Mexico. l.7o5.
The Montgomery advertiser., 1903-12-19
WALL STREET. REVIEW STEEL SHOWS STRENGTH IN
 LAST HOUR. Other Stocks Show Sympathy With the Movement Which Follows Settlement of Question of
 Billet Prices.

NEW YORK, DC, ie.-The inertia of to- 4ays stock market was slightly overcome Tn tho last hour of the trading in sympathy with tho strong upward movement in United States Steel preferred. following the formal announce ment that the steel billet pool had determined of lho dread of unstable conditions in the steel market and of diErupting disputes among the members of the pools centered In the Dill let trade and the definite settlement of the question had an immediate cheering effect on aIl connected with the iron and steel trades. United States Steel preferred was taken in last nftht. The effect upon the general mar ksk however, was scarcely more than to over come the heavy and dragging tone which had held prices back all day. The recovery was much lacking in anticipation as had been the doolina Pennsylvania showed the most marked sympathy with the rise in United States Steel Etock has 'ssn very heavily sold on the ground that the depression in steel must af- feet its tonnage to . large extent and earn ings to larger extent than any other raif- road system. its response to the rise in United States Steel preferred was natural The deal lngs in the latter stock practically overshad- Amalgamated Copper continued active, but was sluggish and the London market for raw cop per reacted. There was 2 conspicuous sailing movement in Rock Island That stock fell over a point. St. Louis and San Francisco sec nnd preferred S% and the Rock Island per cent. bonds large fraction. Rumors of ., a weakness. The Slo.ooo Atchison bond issue was the subject of continued discussion and the cause Of the heaviness in Atchison and of some other stocks in which bond issues have been feared The revival of apprehension over the Russ0sJ Japanese dispute affected the mar ket by irs6ection from London. The irrespon- Bveness o< the market to the consistent firm mess of United States Steel preferred was the more notable in view of the overwhelming preponderance of it's volume of business amounting to one-third of the whole. The ugual forecasts of the bank statement indi- cate e gain. in cash on the regular express movement of between three and four million dollars, while sub-treasury operations. inciud- ing payments for foreign gold. have yielded to sehs banks S3.ot 900. The call money was corraspondlngly easy. With these conditions existing with the verge on the last week of the year it is not surprising that sterling ex- change should continue to rise steadily as away from the gold import point. Cotton bills have grown comparatively scarce inthe exchange markets and 1t is not without significance that the weeks exports of grain have fallen nearly | 200, 900 bushels below those of last week, most of the decrease showing in wheat, while the value of imported dry goods rises more than $500. 900 over those of last week.
 Bonds were irregular. Total sales (par value) sl.s75 5000. United States bonds unchanged on call
The Montgomery advertiser., 1903-12-19

ters statement of the worlds visible supply of cotton. made up from special cable and telegraphic advlces, compares the figures of this week with last week. last year and year before. It shows an increase for the week just closed of i2l.653, against an increase of I22'o9I last year and an increase of ls5.-
 The total visible is s,7Is,e4s. against B. 5s4. loo last week, 3.6e6, 7B6 last year and S.s6S.S60 year before last. Of this the total of American cotton Is 3, 3,la7.e49. against g. os4. lee last week. 3,osl.756 last year and S,4i9.s6e year before last. and of all other kinds including Egypt. Brazil. India. etc.. 67e. 900. against 54o. GOO last week. SIS GOO last year and 545. 900 year before last
 The total worlds visible supply of cotton as above shows an increase compared with last week of I2i .653. an increase compared with last year of i9.0e3 and a decrease compared with year before last of 24S,oIe
 or the worlds visible supply of cotton as above there is now ahoat and held in Great Britain and Continental Europe I.e5s. 900, against l.6e6ooo Iastyear and | ,sIo, GOO year before last; in Egypt lei 900. against Is2,- oo0 last year and POS, 900 year before last in India. I42.ooo. against I96.o0o last year and I4e 900 year before last. and in the United States l.424.oO0. against .e43. GOO last year and i,7oS, 900 year before last
The Montgomery advertiser., 1903-12-19
Virgin ( raunce's Cotton Letter.


 NEW YORK, Dec. ie.-Cotton futures moved rather nervous today. The trade not as active as on previous days of late, but there was still noticeable degree of uncertainty and at times more or less excitement was in evidence. The English market news reflected an unsettled state of affairs on the other side but the quotations were usually about as ex- pected. and the first prices on this side were unchanged to points higher. New high rec ords were necessarily established for all of the active months. The speculation in Janu- ary cotton was closely watched and there was ali sorts of talk of manipulation in the Summer months. particularly July. On the better prices there was tremendous lffe of realizing and under pressure there was some easing of of prices However, the bears were rather cautious and added to their lines only in moderate way. There was a firm under tone In evidence for the most part. but at times there was enough uncertainty to justify the statement that the market throughout was In state of extreme uncertainty. The mar row and feverish fluctuations showed plainly that many big professionals were fighting for a position. The spot markets were quiet and about steady with a moderate demand and fair offerings. On the close the big trading i'm terests were largely in control of the situa- tion The estimated port receipts were 4s.- 900, against 3s,s26 for the same day last year. The in sight for 1903 was 4o3 427 and for l9o2 367. .62o. and for 1901 4o2, I8s, and for 1900 406, ,o77
The Montgomery advertiser., 1903-12-19
Local Weekly Cotton statament
Q. Q. Pierce 0 oo'e Cotton Letter.

tBy Private Wire From W. Lee G Col
 NEW YORK, Dec. I9.-The market today needs no explanation It's strength explains it. self. There was more demand for cotton than there was cotton and under these circumstances but one thing could happen. The price rose as though there would be no halt in the advance and when New Orleans shot up to about | a. 60 for July. the local market got very much ex- cited. The feature yesterday was the defaica- tionS in deliveries in Texas. Many thousand bales bought early in the season have not been delivered. The buyers are getting very nervous and very anxious He is in the future market trying to get some sort of protection. Now it becomes a question how the sellers of futures are to meet their obligations. Should the progress of events show that the crop is really very short, the outlook is not a pleasant one to contemplate. Trading today was on a big scale at times. but not large as at a lower level. There is general disposition on the part of holders to take profits in advances of A cent. On the whirl, over 3 cents, this morning. there was more or less selling The tone continued strong, however. and both the New Orleans and New York markets were ex- cited and higher. As the cotton for profits came on the market. there was less cotton for sale 50 that during the afternoon buyers had to pay high prices We do not change our views of the outlook, but continue to recom- mend puroht taking on advances to diminish holdings and convert paper to cash, hard cash.
The Montgomery advertiser., 1903-12-19
Q. D. P1eree Q bod ootton 1sttsr.

tby FFfVdte W1re FTOn1 OlDert & CI9yI
 NEW ORLEANS, Dec. l9.-Liverpool made
 another attempt to inspire bulls with gloom
 but the effect. contrary to expectations. ca
 bles announced that the political horizon in the
 Orient waA clouded with serious possibilities
 andswarlike rumors were numerous. Attention was called to the fact also that Manchester
 was in bad way and several large spinning concerns were already working short tine Local bulls received this information in about
 the same spirit that one regards advice from an enemy. and when timid longs liuuidated active support was rendered which not only
 absorbed immediate offerings, but sent prices
 up with sufficient energy to establish new
 records. Seldom has there been such unanim-
 ity of opinion concerning the shortage of the crop and the confidence of bulls is expressed simply in the argument that cotton cannot be spun which does not exist. This accounts for
 the fact that proposed curtaiment of manu-
 facture is without influence on the price of
 raw staple. Thus optimism continues to dom mate the market, but considering the rapidity with which prices have advanced 1t may be well to look twice fin every direction before drawing positive conclusions on the future
The Montgomery advertiser., 1903-12-19
Caldwell & Wards Cotton Letter. c. G. Abercrombie, Manager.

IONeE FIIVate NNVIFe From MIIIer W COL
 NEW YORK. Dec l9.-The situation today has been influenced by the spot market throughout the South, there being almost un- limited export demand at any price which have caused advances in price from t to &. Liver pool closed easy about 3 points below the opening. New York. after the first hour, took on renewed strength, and ail offerings were quickly absorbed by buying orders. which country and only some weak longs seemed to supply tn edemand. The closing was about the highest prices of the day. Confidence is growing in the belief of a very short crop, which strengthens the situation, and giving greater confidence to the already powerful bull support, which the market has so long had will, we believe, prevent any material reac- tion We, therefore consider 1t only conserv- ative to say favor buying on every soft spot The heavy movement continues. In last year. Reports of early exhaustion of the supply of spot cotton come from every sec- tion.
The Montgomery advertiser., 1903-12-19

before the season ends. Spots are being firm will eventually prove very heavy the belief 1 sthat spots will continue to be held at very high figures for. some time. Prices opened sos points higher. Shorts were again active in covering and there was a good deal of Southern buying, but there was weakening before long on account of Japan-Russian trou- bles. Receipts at ports. 46.oo0, against 4o- 900 last year. A fresh buying wave during the day sent prices up on less warlke talk from Europe and east and big covering at mid day. Cables were sos points higher. In the New Orleans market the summer options are 35 points above last nights close.
The Montgomery advertiser., 1903-12-19
Worlds Cotton TakIrpe-

NEW ORLEANS. Dec I9-secretafy Hester gives the takings of American cotton by spin ners throughout the world as follows in round figures
 This week, s2o, 900 this year. against 265,- 900 last year and 242.o0 year before last.
 Total since Sept. 1 this year, 3.526. 900, against 3,74o, 900 last year and 3.467, 900 the year before
 Of this Northern and Canadian spnners took Sl 900 bales against 949 900 last year and 9l 900 tho year hefprc; southern spinners. 146.ooo against 74S 900 last year and 672- 900 the year before, and foreign spinners l,- 9e5 900 against g. l43,ooo last year and |, SsLoQp LhG Xear before.
The Montgomery advertiser., 1903-12-19
A, B. Baxter & CO's Cotton Letter.

NEW YORK, Dec. lS.-Foreign advices were rather disappointing aerly in the day, owing to the Russian-Japan present situa- tion. Cables showed a further rise and the bear element were expecting advantage of moment were not very confident Of lnaugu- rating in any selling pressure sufficient to pre- vent the ultimate trend of prices upward
 especially as reported multiplying of a sharp decrease in the movement at an CBrly date. Notwithstanding tho remarkable advance tho bulls arc looking for level which Nill make present prices appear extremely cheap
The Montgomery advertiser., 1903-12-19
Nex- orleans spot Cotton.

NEW ORLEANS. Dec. Ie.-spot cotton was active, firm and higher. All buyers have or ders to execute and those who fail to get up early have cotton when the day s scramble for the staple Is over. Sales. I6,75o bales, including S.35o to arrive and 1000 f. o. b. terms: delivered on contracts, 700. Quo- tations advanced E.
 Futures opened very firm with prices 39I2 points higher. The better opening was caused by the wide advances in Liverpool and New York. The local market was decidedly nerv- ous during the morning. but the general trend was upward and fresh buying by longs was heavy even at the prevailing high levels. Af- ter the initial advance there was a recession on profit taking of from 9 to | | points. carry ing prices in some positions even below the close of yesterday Fresh buying on the part of longs became heavy at the decline and in few minutes prices shot upward with great rapidity to the highest figures of the morning. In the trading January opened 3 points up at l2.72, sold down to l2.67 and then up to I3.o4: March opened 6 points up at 1908. sold down to le.e9 and then advanced to I3.37 May opened I2 points up at 1916. sold down to 1908, then up to 3.54; July opened l3 points higher at 1882, sold down to 1880 and then up to 1868 From the highest figures there was a decline of 264 points on some positions. The transactions were large and the market closed firm with net gains of 29@36 points.
The Montgomery advertiser., 1903-12-19
Caldwell & Wards Stock Letter.
 R q AA..o.a...AIn AHnnnnn
c. e. Abefcrombie, Manager. )ver Private VVira From Miller & Co

lover Private Wire From Miller G Col
 NEW YORK, Dec. le.-The stock market closed firm. at or near the highest prices of the day. The maintaining of the present sched- ule of prices on steel billets caused some cov- sring in steel stocks. but 1t must not be for gotten that we were told only yesterday by the most reliable trade authority in this coun- try that the outsiders cutting steel products, Union Pacific is strong and there Is talk of an Increase in the dividend but we rather think this foreshadows benefit to be derived from the Southern Pacific refunding. likely to be announced in the not distant future. The market remains highly professional, yet we re- gard the railroad stocks a purchase on every weak spot.
The Montgomery advertiser., 1903-12-19
Total sales for inc day 4so7So0 s5aTes
Bank Clear,n0.

NEW YORK, Dec. Is.-The following table, compiled by Bradstreet. shows the bank cIsar, ings at the cities named for the week ended Dec 8, with the percentage of increase and decrease as compared with the corresponding week last year.
The Montgomery advertiser., 1903-12-19
The Cotton Movemant.

New York Dry Goods.
 NEW YORK, Dec Is.-The dry goods mar ket has shown unmistakable signs of further stinening and advances have been on certain lines Buying is restricted. There is no specu- iative character to orders. Jobbers are pre- pairing for their semi i-annual clearance sales.
 New York Coffee and Sugar
 NEW YORK, Dec IS-CoHee-spot R,o firm: No. invoice. 6H; mild firm. Coffee fn' lures opened steady at unchanged prices fo an advance of 10 points on covering by shorts
The Montgomery advertiser., 1903-12-19
New York Cotton Futurss
New Urleans supar.

NEW ORLEANS, Dec. s.-suEar-steady; open kettle. 2%d3; open kettle centrifugal 8 6a3lg; centrifugal whites. f3 I3-IS; yellows, 3k@3 l-I6; seconds 2lsR3H
 Molasses--Quiet open kettle, ao@2e; coRs trIfugaI, dull at T923
 Syrup, 2332e.
The Montgomery advertiser., 1903-12-19
Treasury Statement.
Bonds.

WASHINGTON Dec. Ie.-Treasury balances, B87,775.
The Montgomery advertiser., 1903-12-19
Naval Stores.

Naval Stores. SAVANNAH. Dec. Is.-Turpentine-Firm at 56h; sales, l77. exports. none; A. B. c. D. E, F, S2 .25; c, g 30; II. S2 35;. I. S2 ,5s; K, S2. 30; NJ, g 90; N S3.o5; window glass S3 25; water white, S3. SO
 CHARLESTON. Dec. Is-Turpentine--stsady at S5i9
The Montgomery advertiser., 1903-12-19
Comparative Cotton Statement.

NEW YORK. Dec. LS.-The following is the comparative cotton statement for the week
The Montgomery advertiser., 1903-12-19
Local Cotton Market.

A new high record for the season was re- corded again yesterday fin the cotton market there having been an advance of 60 points since the close Wednesday.
 In the local market middlng was quoted at l29s cents