davidaulloa/AmericanStories huggingface dataset:
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-01-06
n. g. B. Beers
Market L eiter.
Especial to News and OtserverD

New Orleans, La, Jan. 5.-Liverpool
was disappointing, consequently our
market opened points lower. but i'm
proved points later on the expectation
Of a bullish census estimate. The re-
port when issued corroborated its first
estimate of 100000 for the crop as
anticipated, and as there were no specu-
lative shorts to cover a disposition was
shown to realize, causing a decline OF
10 to ii points from the top, making the
net loss ~ points on the day. The census
report said that up to December 18th,
9,312, 0G0 bales were ginned. Counting
the round bales, however, a half of it
was equivalent to $4,000 commercial
bales weighing 500 bales ginncrs esti-
mate. There are 1,058,000 bales still to
be gnned, making the crop 9,996,0O0.
The most important thing in the state
ment is the details showing that Texas
and the Indian Territory had ginned
1853, 900 bales up to December 18th, and
ginners estimated 242, 900 were still to
be ginned, indicating a crop of 2,7S100O
for Texas and the Indian Territory,
leaving a yield OF only 7,215000 for the
balance of the States Last year on April
18th the census estimated the crop at
$500 900 and the outturn was 10,6S0 600.
or nearly 1,1OO,O 900 in excess of their fig
ures. Therefore as many believe they
have made a similar act this year, they
construe their figures point to a crop
of 100000 or over. The movement in
the interior towns is liberal, and the
prospects arc for frecr port receipts.
Should there be an expansion in the
amount to BIO marketed, present values
cannot be maintained. Such being the
case, we think we'll of realizing on steady
per cents with a view of replacing on de-
cided breaks. R. & 3. BEER.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-01-06

stands out quite prominently among IN
dustrial corporations as an efficiently
managed property The company has an
established business with agencies ali
over the United States and Europe Tor
the distribution of it's product. Ihere
have been reports recently of an lnten-
ton to sell out or merge with some other
industrial concern. these reports having
evidently originated out of the action
taken last January in depositing over
majority of each class of stock with
protective committee on an agreement
continuing for three years. But while
il is easy to see that with tho property on
its present profitable basis it would make
desirable acquisition for another cor
poration, there is evidently little anxiety
or desire on the part of the shareholders
to sell. AS far as can be judged, the
pooling of the stock has been merely an
effort on the part of the shareholders to
safeguard their interests. Dividends on
the common stock have been continuous
for several successive years; for instance,
in 1898. per cent was paid; 1899, 4 per
cent; 1900, 315 per cent; 1902, per cent;
1902, per cent plus the 2 per cent addi-
tional which is to be distributed next
June.
There is no mortgage lien of any kind
on any of the properties. and the total
of the deberture bonds is only SO. 900, 600.
AS far as the current liabilities are con-
cerned these aggregate no more than
SO 4O2 ,S74, including 81 100000 Of bills pay
able. while on the other side of the ac-
count we find a total of current assets in
the sum Of $S,071, ST. The amount rep
resented on the books by goodwill is each
year being further reduced For August
81, 1902, the amount was only $1G,67S 034.
Looking back to August 81, 1891, we find
the amount then was SIS, 104 ,97S. AS show
ing the care with which the property is
being administered, one statement in tho
report is rather significant. We are told
that the percentage of loss from bad debts
for the past year has not exceeded the
similar average OF the previous twelve
years of the companys operations, being
less than Is of per cent pcr annum. AS
bearing upon the outlook for the new ifs
cal year it is interesting to note that
Chairman Morrison states that the COM
pany's advces indicate a cotton crop in
excess OF that of the past year.-From
the Commercial and Financial Chronicle,
New York.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-01-06
BALTIMORE PROVISIONS.
STOCKS AND BONDS.

New York, Jan. 5.-Today's extremely
irregular and uneven stock market made
q considerable show of strength and
3 lair degree of activity, Stocks that
dld net share in the strength were not
generally reactionary, but were rather
restrained from the advance by selling
TO take profits Commission houses re-
ported some growth in outside demand
and the feature 0f the days trading was
ne comparatively small lots dealt in. The
great speculative pools we're active at a
few points, but in stocks, when outside
demand appeared they were inclined to
take their profits by feeding this demand
The money rate relaxed very distinctly
today and some of the banks reported
renewals of call loans fer large. amounts
at materially lower rates than those late
" prevailing The market rate on the
exchange fell below six per cent late in
the day Time money also was easier
and for the longer prices We're some diff
ficulties in placing funds. The problem
of future net earnings Of railroads are
kept alive by continual reports of ad-
vancing wages. The reopening of the
Union Pacific wage uestion was a dis
tinct drag upCn that stock. The hard
ccalers reflected profit taking and United
States Steel. preferred was notable
example of the same process although
the common stock shared fairly in the
general strength of metal stocks, includ-
ing the railroad equipment companies.
The further advance in the next
price of cooper benefited AmalSamated.
The Southwestern railroads were the sub
jcct of speculat ion on the ground of the
early benefit to be derived in the corn
crop. Missouri Pacific was prominent
and was helped by it's increase i'll gnoss
earnings for the fourth week in Decem-
Der of $1SS 600 Louisville, however
which gained in gross earnings for the
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-01-06
Barbee e. Co.'s
Cotton Letter

New York. Jan. 5.-Cotton.-As was to
be expected, the market has had set
back on realizing. The break started
Saturday and went further this morn
ing Liverpool broke sharply several
points and general selling took place
here. A feature this morning was the
decline in January to a discount under
March This is about what might be
looked for with the spectators in con-
troll OF that month. We are not sur
prised and will not be surprised at
much larger discount. But there is moth
ing in the January business to induce one
to give it any attention. 1t is generally
known that the holders of January were
also holders of March. Also what the
January shorts were long of March,
Now, when the January people have a
lot of cotton delivered to them, which
they have sold in the open market in
considerable quantities they come out
with a bear circular saying prices are
likely to break half cent a pound.
All this will depend on the movement and
on little else. Until the movement is on
scale to restore confidence in the
larger crop estimates We would buy on
every decline. break of twenty points
SnOulu cnLlIIe the market TO rodCtlOn.
We don't believe a drop of more than
thirty points likely before sharp up
turn takes place. Then let go the cot
ton bought on this break After an ad-
vance of this kind the market halts. re-
acts and then RECEIVERS most of the low.
Then if factors are against the market
prices slowly recede. 1t was the same at
the decline to 1884 for March. The price
broke, advanced and then weakened to
within a few points of the bottom again.
So Oh an advance. A market seldom, if
ever, reaches a point and takes the other
track without webbing around a bit
first. All this is irrespective of the flu
ture course of prices. The speculative
buying is good-better than for some
time-and than for some time-and re-
ceipts are still rather too small to en-
courage larger estimates or to restore
confidence in the large crop figures
The census bureau says the crop is TO-
369, 600 bales, which compares very IA
vorably with TIE Agricultural Bureaus
estimate of TO- 400, 600 bales in December
If these figures are at all correct, there
will be no trouble in buying cotton on
breaks. Sentiment is on that side OF
the market On a further break, buy for
q recovery
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-01-06
American Cotton Oil
Dividend.

The declaration of dividends 10 amount
of per cent on the common stock Of the
American Cotton Oil Company invests
with more than ordinary interest the an
nual report of the company submitted the
present week. The 6 per cent is not to be
distributed all at once, per cent being
payable December 1, 1902, and the other
2 per cent. June I, 1903. The report shows
that these dividends are based entirely on
the past years results, and were earned
within that period; hence are not depend
ent upon or in anticipation of future prof
its. AS a matter of fact the amount ac-
tually earned for the stock in the twelve
months ending August 81, 1902 (the term
of the fiscal year,, was considerably in
excess of per cent. The profits for the
year are reported at S2.373, 206, this com
pairing with $1244,357 in the fiscal year
preceding The requirements for the de-
benture bond interest were only 1886, 900
and the call for the per cent dividends
on the preferred stock $611,916. making
$780, GIG. Deductng this there remained
balance of 81, 500, 300 The per cent
lust declared on the common stock will
require only $1,2t4,226. 1t follows, there
fore, that over and above the per cent.
declared, a surplus of S4l2,064 remains,
which is the equivalent of per cent on
the common stock In brief. the late
years profits were equal to about per
cent on the common stock.
The American Cotton Oil Company
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-01-06

same period over $4,000, was held back
through the realizing. The large engage
ment for export of corn and the resulting
making of exchange made an encoura ging
factor There was a notable disposition
for the speculation to seek low priced
stocks, both amongst the railroads and
industrials. Some of the soft coalers'
stocks were in demand, and especially
those tapping the Ohio and West Vir-
ginia fields. A rally in St. Paul from
early depression had an encouraging eff
feet upon the speculation, as did the
strength developed in Sugar. But the
irregularity in the market persisted until
the close.
There was some evidence of investment
demand in the bond market and some Of
the lower grade bonds which still return
a comparatively high rate of interest
were the favorites. Total (par Value)
sales $3,SO,000.
United States IS and old As advanced
Il per cent on the last call.
Sales of stocks were S39 900 shares, in
Guiding Atcllison, 10000; Baltimore and
Ohio, 1880: Canadian Pacific, $500; Gin
cinnati and Ohio, 1900; Chicago and
Great Western, q 500; Colorado Southern,
$500; Colorado Southern, first preferred,
5000 Erie, 27,S00; Illinois Central. TO-,
200; Louisville and Nashville, $500; Man
haitian, IS 800; Missouri Pacific, 40.100;
Mexican Central, $500; Mexican Ma
tional 1920: Missouri, Kansas and
Texas, %, 900: Missouri, Kansas and Texas,
preferred. $500; New York Central, $500;
Norfolk ard Western, 10000: Ontario
and Western G. 500. PENNSYLVANIA 25, 900,
Reading, 35,S00; st. Paul. 49,S00; South
ern Pacific, 1900 Southern Railway, 34,
500; Texas and Pacific, 1000; Union
Pacific, 25,500 Amalgamated, 55,200
American Car and Foundry, 1880; B. r.
r, 11,1O0; Sugar, 1890; T. G. l., H,100;
United States Steel, 38,7GO; United States
Steel. preferred, 22,100: Rock Island
cS SEQ
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-01-06
Tarrant e. Kings
Cotton Letter.
Especial to News and Observer


New York, Jan. 5.-Liverpool showed
a decline of from to points in the
early cables and our market opened easy
at net decline of from Z to points from
Saturdays close Profit-taking still
seems to be the rule for those VINO pur-
chased some time back. The New Or
leans market was much stronger than this
market or Liverpool during the day, at
times the May option being 10 points
higher than this market A prominent
operator out with a circular this morn
ing helped along the decline. Receipts
are moderate and the ginners' report, is
sued by the government today, indicates
a crop of only trine over 1O,3Oo,0O0
bales The larger crop experts are in
clined to reduce their figures somewhat
and unless receipts improve, prices Will
not react much and we believe the mar
ket should be bought on such declines.
TARRANT &, KING,
6S Broad Street.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-01-06
NEW YORK MONEY.

NEW YORK, Jan. 1 p. m Money on call
steady at say per cent closing offered
DAYS 81 per cent: 90 days 51SH per cent; six
months :6sH per cent. Prime mercantile
paper 6 per cent sterling exchange steady
with actual business in bankers bills al
for 90 days Posted rates .I.8+b and ASH:
Commercial bills 4.S2n@4 S3h; Bar silver
48: Mexican dollars 38A Government bonds
strong; State bonds firm; Railroad bond
firm.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-01-06
STOCKS
NAVAL STORES.

WILMrNGroN. N. G. Jan. s. Tupentine
firm at So, receipts 13 casks.
! Rosin firm Mt ST. 3sQNt 40; receipts 37S.
Crude, firm at SI.750 800; receipts io7 bar
rels
Tar firm at $3.50: receipts 2,1S0.
SAvANNAH, Ga. Jan. S Turpertine firm
at s.; receipts 367; sales III, exports
ESQ
Rosin srm; receipts 4,o57; sales 1871;
eT ouo te A. B. C, s1.47I; D SLAM; E.
52]: f, si.57; G, SI.70: H. $500:
2.35; X. sass; NJ. So IS; N. $3.55; WIG
$3.50; WV Sk21
CHARLESTON. s. G., jan. S. Spirits tur'
pentine firm at So: receipts g.; sales
exports
Kosin firm receipts =. e.: sales -. -; ex-
SIS: H.Si35; |, 5000; X. $40; NJ. $50 90;
N.S35O; VIC 3-sS: WV SAILS
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-01-06
BDLL|SH REPORT
FAILS To BOOST
Cotton Closes Nine to Fifteel
Points Down.
THE TONE BARELY STEADY
A Heavy Selling 4 ov,ment set in During III,
Gay OF TIE Ground That All Bull
ish Factors Had Been
Discounted.
THE TONE BARELY STEADY
(By the Associated Press.)


New York. Jan. 5.-There has been nc
material change in the character of the
general home demand today, business
continuing on a moderate scale. The
market is well sold up in most regions
and prices are firm. Print cloths diff
ficult to buy at different quotations. The
export demand for China is still in evil
dence.
NEW YORK COTTON.
New York. Jan. 5.-The cotton marke
opened unsettled at a decline of six t;
fourteen points. After the first sales
few OF the more active months decline
point or two further. The early weak
ness was due to active liquidation o
long accounts and to active selling fo
short accounts following statement b.
the former leader of the bull faction in
dicating a change of front with reason;
given for lower prices. All the cottoI
thus offered, however. was soon ABSORBED
and with decided recuperation at Liver
pool where the market had declined RAP
idly under the same pressure; and witt
the weather in the South poor and will
the receipts small the local market mad
q quick recovery of five to ten points
which was tho basis of trading at moo
when the census bureau issued a state
ment Indicating that to and including DE-
cember 10. 9,311,s 1876 bales of cotton ha
been ginncd and that 1,057.771 bales TO
NAMED to be ginned, altogether 10,369, Gee
The details OF the report showed that
large proportion of round bales. reduce
the actual number of regulation bales
something under ten million bales. q"
Some figured it. but while the statistica
position remains strong and no.
withstanding the bullish character Of tn
census showing a very active selling
movement set in during the afternoo'
largely for short account on the grourf
that all bulIish factors he'd been dis
counted in The late advance. The marke
was finally barely steady at net decline
of . to - points. the final figures bein'
the lowest of the session. Total sale
estimated at GOO. GEO bales.
NFw YORK. Jan. 5. Cotton futures oper
sd weak.
4 ntfon fufuras cIoSad h rely steSd V.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-01-06
GRAIN AND PROVISIONS.

Chicago. Jan. 5.-There was only
moderate trade on the Board of Trade
today and the wheat market was rather
quiet, but the close was, firm with May Il
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-01-06
BONDS.

Hook. V. i-2s,iO7
L. & n. uni. %'s =. t9X
Mex. Cen. 4's.... IS
do 1st Inc. 273s
MINI. & St,L 4's1074
nj. K. & 7. a.. 9s
- 2nd's...... SAY
N. Z. G. lists,
do gen 3 l.2'.1o4
N J. G, gen. S's..I33H
No. Pac. 4's...,..io3
Z" 3's.....,.... 2 n
N, &. W.c0n. 4's.1O0
Reading gen. As 9sA
st l. 81 | Mton S's11+
st. l.. &S Fgen4's 81
st. l.. S'wes ia. 9sM
do 2's........ s1I5
S.A. &A.Pass AZ s5H
So. Pac. As 49,. q1N
So. Railway S's..1i7
T. II z. lists.
T.. st. Law. As. II
Union Pac. As. 1928
do. cow. 4's.i96
Wabash 1sts.....1iT
=" 2nds ........1C8H
do. Deb. b. 49,. TN
West Shore 4 8. III
w y l., +. As. 91h
wis. Cen. A's,... 9t7s
Mobile & o. as. 9s
Con, lob. vs.. 67A
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-01-06

~ - 4 A-NNls NANACA Hs-N
Lee and Stoncwall Jackson, the
evening before the battle OF
Charlottesville, May /, 1853.
The original picture was paint
ed by Julio, of New Orleans, La,
and copies Of the steel engraving
are almost entirely out of the
market, the few copies remaining
being held at very high price.
Our reproduction is printed on
platinum paper 16x20 inches, and
is a facsimile of the original
engraving.
We have also designed a spe-
cial frame for the picture as
shown in the illustration. The
frame is q four-ineh quartered
oak moulding, stained to match
the Confederate gray uniforms.
with a Furnished sill ,asartridge
ornament inside. q the upper
right hand corner are at
tached two 81. i silk Confed-
crate Tags mounted on ivory
~ and emblematic Of the picture.
lpgp Dicturos made IF vou wiaI7
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-01-06

For La Crime and Influenza
use CHENEY'S EXPECTO-
RANT.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-01-06

:cnt. higher May corn closed Is and Zee.
higher. while oats were up 1sc. May pro-
visions closed from sc. higher to 10c.
lower.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-01-06
New ORLEANS. LA. Jan. Cotton future,
LIVERPOOL.

LIVERPOOL. Jan. 8. IN. m. Tootop Spot
moderate bustne.e done: American mid
ding fair s.5.: good middling Asa: mid
ding T.. o: low middli- q. So; good ordinary
= A6: ordinary Asa The sales of the '
we're s.n0O balas. of which 500 wee for
SPECULATION and export, and inc!u"-'i Z eco
American. Receipts 1 900 bales. including
100 o American.
Futures opened easy and closed eaGy. 4.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-01-06
OrBER tOTToN MARKETS.
sEABoARD STOCKS AND BONDS.

BALTIMORE. Jan. 8 Seaboard Air Lin,
common I'm; preferred 49,.
BondS-<s. S3h.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-01-06

J.S.Ref. 2'sreg..1O8h
s. 8. Ref. 2's cou IL So
U. SIS reg .....lo6z
" coup ........1rS
u. s. new 4sreg 1851
" coup ..... ..135A
U. s. old as reg 1O1n
B" coup ......lo9K
y. s. SIS reg.....1o3N
3" COUP. ....103X
Atch'sn Gen. 4's.102Ls
=" adj As. %
Bait. & D. As. .1O2
do 3 les. 93N
do cow. 4's..1O6
Can. So. 2nds.... Jos y
G. Of g. 5's......io v
3" 1st incomes. IS
" I'd incomes .57H
G.. q o. ANS. .103A
G. e. A. 3 1-2's... 79E
c.. 3. & q. "a. 9iH
CM&StP gen 4's1loK
G. & N. con rs. .13S
c.. r. |. & r. 4's.1o6K
CCC&SLgen4's. 90
Chicago Ter. As. 81
Colo. So. as. 90
D &. Rio G.4's... 90
z, prior lien "a. os
Erie Gen As. -. e5K
F.W.&.D.C.1sts Ill
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-01-06
AN IMPORTANT REPRODUCTION
49,

pleased W issued Platinum Rucon
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-01-06
Spot cotton closed quiet: middling u
lands $50; miudling Gulf o.IS; sales !.
NEW ORLEANS COTTON.

DaleS-
NEW ORLEANS COTTON.
New Orleans, La, Jan. 5.-The spot cot
ton market was very quiet today. Quota
tious unchanged.
Contracts were quite active during thf
first part of the day. The early breai
in prices at Liverpool combined with tho
uncertainty attached to the census bu-
reau's expected crop report led to heavy
trading and rapid and wide fluctuations
in values. January opened down ter
points. After the opening call January
recovered II points while the other posi-
lions moved W to seven points. Thc
census bureaus report proved to be of
a bullish character, but failed to cstab
lish any upward tendency to prices. Ii
fact after the first shock prices went
off on the other tack, the board at thu
close showing net losses of IL points OF
all positions compared with Saturday,
figures.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-01-06
lotion futures ranged as follows:

IHV uaTkBC CIOSbU StBduy'
BARBEE & co.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-01-06

KALEIGII SPOT COTTON MARKET.
Receipts =. 800. bales.
Receipts this day last year -. p bales
trices today. =. & O. ~
Prices this day last year 49,. T7s
Receipts this season :. -. l!.t0'
RECEIPTS last season :. ...... 7.-95
OTHER COTTON MARKETS
Orleans County monitor. [volume] (Barton, Vt.) 1872-1953, 1903-11-02
MILLINERY.

Everything in Hats, Trimmed and
I'M Untrimmed. Tams Toques and
Baby Bonnets
Our Winter line of Goods are now
raedy for inspection.
We have complete line of Under
wear. Hosiery. Flamnelette Goods.
A new invoice of Black Petticoats,
all prices from CSC to So.
Golf Gloves and Mittens for every
body.
We have everything in the line of
Fancy Goods, Towels, Tray Cloths,
Handkerchiefs and Stamped Goods,
Sofa Pillow tops, Cords, MercerIzed
Goods and DENNIS to make them up
with, Sweater Yarn, Shetland Floss,
Germantown Slxony, Scotch and
Spanish.
Mrs. G.. s. DODGE,
BARTON LANDiNo, IT.
Orleans County monitor. [volume] (Barton, Vt.) 1872-1953, 1903-11-02
PROBATE COURT.

Alvah N. G. mberlin estate, Greens noro.
License granted ~ sell real esta g.
1renus F. jerks estate, Troy. Ashton
Hammond appointed adm istrator. d
w K~Iley and II. II. Lewis appraisers and
commissioners.
Daniel E. Blanchard estate, arton
Com nissioners' report ;urred and
accepted.
Thomas Smith estate. Barton, Will pre-
sented for probate by Hon A. d Mathew g.,
:ustodiaD. Hearing, Nov. 10Th next, at
barton Landing.
Ashbel Perrin estate, Gree boro. Ad-
m1pistrato1's inventory returned
Rschel n. Allyn es ate, Charleston
Appra ise rs'i inv n ,ory returned and &C.
ce pted.
Alvah n Cha berlir estate, Greens boro.
Com missione g. report returned and &C.
copied.
Marion R Clifford estate. Graf sburv
Administrator applies for license r, sell
real est att. Re errrc 7" Nov IS, 1903
Jeunet Lord es ate. n uporL Executor
settles mis- cccount. Decree of dis ripu-
Orleans County monitor. [volume] (Barton, Vt.) 1872-1953, 1903-11-02


Have you ever seen a sanctuary of
brick and stone which has been dedi-
Gated to God destroyed by earthquake
or by fire? Well. have. On dark
stormy night | was awakened in my
Brooklyn home by the rumbling of the
fire engines. | heard a quick rap at
my door. as my sister called: Wake
up. The Tabernacle is in flames |
hurriedly dressed and assembled to the
cupola of our house. which overlooked
the city. There the whole family were
gathered. The air seemed charged
and surcharged with electricity. Of
In the distance the public buildings of
the city looked like the great white
mansions of a celestial city. making by
contrast the scene more dramatic. The
church did not burn as other buildings
seemed TO burn, but its roof in its en-
tirety was a mass of living Goals 1t
looked like an altar huge altar upon
which was being sacrificed the whole
hfe's ministry of the noble father who
stood by my side. Suddenly il swayed
and shivered. like unto a daZed and
dying man. There it goes said
mother. Yes, there it went. With one
Orleans County monitor. [volume] (Barton, Vt.) 1872-1953, 1903-11-02

\ gu Cab tihd a full line OF Eoodc
of all kinds at our mill, F66QS