davidaulloa/AmericanStories huggingface dataset:
The Montgomery advertiser., 1903-10-31
Local Weekly Cotton Statement,
c. E. Pierce & Co.'S Cotton Ietter.

lby friVate wire From c. W. Lee & Col
 NEW YORK. Oct 3o.-As the season pro- gresses interest increases rather than grows less The position of cotton is unquestionalv the most attractive and uncertain since the Clvil War. Here we are at a time when cot ton should be reasonably cheap, since supplies are greatest in the marketing season, and in- stead of this we have excited advancing mar kets throughout this country and Europe. In fact' Liverpool has taken the lead in the ad- vance and that market has absorbed all of ferings in a way to surprise the entire trade The continent has bought every bale of cotton offered in the South at anything like reason able prices and has asked for more on the same terms. All the while the American suinners nave been holding of and this increases the conclusion that can be drawn from the ad- vance this week in the face of the big move ment Is that the crop is a moderate one. Every renaoIe cotton house in this city is placing the crop below .ooo, 900 bales. Those who were most correct last season and therefore deserve to be listened to- talk 10. 800, 900 as this sea sons production The world has been swept pare or cotton and at the present the belief Is that the current crop will hardly meet trade requirements at 10 cents a pound As tn tbe detailed developments of the week they were highly spectacular On Monday there was the most extensive advance of the year. with Ian uary selling up to 1925. This came on kilt ing frosts over large portion of the belt
 Then came the Buston estimate of 2bo OOO bales and strange to say, the market failed to lose very much ground on the figures
 About io points was lost in two days after tIie hsuIes came out Ihen the market was treated to a unique experience. woman brought out an estimate of 10, 300. 900 bales and today cotton for January touched the high point of the present movement. This estimate Is worth consideration because the three pre- vious estimates prove about AS near as the figures of any one guessing at this season
 In fact. for the three years she come nearer the aggregate figures than any of the men
 The best cotton houses are nearer the 10 3O0 900 idea than the .25o, GOO mark Of course all estimates are useless at this season They simply show the trend of sentiment As show ing the same thing, New Orleans has SIoo- 900 to bet even figures money up against
 ll,ooo ooo As far as the cotton outlook goes. the position is strong in the extreme. There is a trade reaction generally in this country. but this Is no reason to be sellers of cotton. There has been big advance and one needs to be conservative. But as long as the position remains as 1t Is we would continue to buy cotton on any breaks. If the crop turns out as people think. we will see higher prices before Spring. F
The Montgomery advertiser., 1903-10-31
c. E Pierce 6 Co.'S Cotton Letter,


 NEW ORLEANS. Oct. 3o.-Galveston. Hous- ton and New Orleans estimated recepts for tomorrow combined are over 20 900 in excess or last year. Port receipts are I4, GOO in ex- cess and still the market advanced Visions Of plenty ahead had no immediate price ef- feet In fact the present heavy receipts are generally conceded to be through cotton and no actual weight on the market outside of A sympathetic effect. Local traders are generally against the market and the opening was a few points lower than yesterdays close but turned almost Immediately upward on the report of freezing temperatures in the panhandle of Texas With predictions for further unsettled weather and for a time the market went wild with transactions on an enormous scale Estt mates came thick and fast and generally indi- cate crop less than last year The New Yorx Journal of Commerce reports from correspond ents point to decreased yield of 7 per cent as compared with last season 57 ner cant of the crop is said to be gathered with practically no top crop to be expected, but say further that the tendency Is to market as fast as ginned Sixty members of the Savannah Ga Cotton Exchange estimate Io.5o4 I2s Rradstreet gees on record with an estimated yield less than last season: in fact few now openly sav that anything more than moderate outturn can be expected. Under the circumstances Inc season having begun with reserves at tha ,,an ishing point is it any wonder that the cotton market Is a thing of nerves and answers hul tsh features so readily. Yarns are decidedly firmer with general business in dry goods re stricted by financial uncertainties sorne cow plaint is heard regarding collections and cred its are closely scrutinized Trans-Atlantic friends advise that sentiment in London re garding the far Eastern situation continues tranquil and that Manchester market is i'm proving. Local spots were marked m k One feature. however. that should not be lost sight or is that spots instead of leading the way as was noticed so conclusively some days back are now more inclined to variations in re- sponse to contracts and We expect to see prices nuctuate around 10 cents for some days
The Montgomery advertiser., 1903-10-31
P. 6 B. Beers Cotton Letter.


 NEW ORLEANS. Oct. 3o-As early Liver ket opened 4a5 points lower on realizing. shortly after the interpretation of The New York Journal of Commerce cotton condition report was construed pointing to a yield less than last year. and some claimed 1t indi- cated crop of less than 10, 900 900 bales In addition to this the official prediction was for rains generally over the States west of the Mississippi River within the next 36 hours to be followed by snow In Oklahoma, the Indian Territory and Texas where the temperature will fall to 26 degrees by Sunday. Subse- quently 1t was certainty that Bradstreet's s was out making the crop less than last year and says the only States that will exceed last years yield are Alabama and Louisiana. All of these various features coupled to the good demand and hrmness of spots. influenced Liv- erpool favorably later in the session and su- perlnduced an advance here of 2IG22 from the bottom, longs taking profits in the after noon caused a slight recession. but fresh buy ing near the close again caused steadiness making the net gain about 2 points on the day. The amount brought into sight during the week was SI7,ooo, against 453 900 last year and the total marketed from Sept | st to date has been 2.oos .ooo against g. I4e 900 last year, the 3l leading interior towns during the week received 2e3, ooo against 2ee ooo last year, and the stock now held by them az gregates 264, 0oO against 456 900 last year The movement was heavy and the weekly sta tistics on the whole were bearish It is antici- pated also that the visible supply variations will be bearish and prove that splnners are not free takers of cotton at the existing level of values, Many contend that prices are too high even though the crop will not exceed O 800 . ooo' as trade conditions are not good, and
The Montgomery advertiser., 1903-10-31
Virgin k Faunce's Cotton Letter.


 NEW YORK Oct. 3o.-Excitement ran high at times in the cotton future market today The situations were sensational at times and under the circumstances bills and bears alike were kept guessing. The opening was lower than last nights level in consequence Of lower cables from the English market than had been looked for. There was also a fair line Of real izing, but before the decline reached appre- ciable proportions there was good support and the market sought better level. The rally continued unabated for some time to come and under the circumstances shorts felt extremely uneasy. The weather map attracted great deal of attention in that in addition to frosts in the Southwest there were snows and natural ly 1t was generally agreed that picking would be seriously interfered with. Immediately there were a lot of arguments in favor of reduced movement There was line of aggressive bull support and there was some buying for the account of Sully. the erstwhile bull element This buying encouraged holders and naturally not much cotton was offered for sale on part of longs The statement by an authority that this years crop will be no larger than that Of last year Uo,727. 900 bales) brought out a great deal of nervous buying on the part or the shorts There was some little profit taking by longs in the latter part of the day. but for the most part the bulk of the cotton coming out was well taken. The ports for the week were figured at 394 900 bales, against 3l7.4e6 last week and 3I7.39i last year. The ports estimated for the day were figured at 63ooo bales. against 5o.3ll this day last year.
The Montgomery advertiser., 1903-10-31

NEW ORLEANS. Oct 3o-secretary He's ters statement of the worlds visible supply of cotton. made up from special cable and tele- graphic advces compares the figures of this week with last week. last year and the year before. It shows an increase for the week just closed of 23I.744. against an increase of 255'44o last year. and an increase of 2se- o39 year before last.
 The total visible is 2.333.742, against 2, : Iol :ess last week. 2.722, PAY last year and 2.74I,Ie7 year before last. Of this the total of American cotton Is 1858. 742 against = 6oS. 9e9 last week, 2.265, PAY last year and 23l6, I97 year before last and of all other kinds including Egypt. Brazil India, etc. 4I5'ooo. against 4e3 900 last week, 457, GOO last year and 425.ooo year before last
 The total worlds visible supply of cotton as above shows an increase compared with last week of 23l,744. a decrease compared with last year of sss, 5o5 and a decrease com pared with year before last of 4o7,455
 of the worlds visible supply of cotton As above there is ahoat and held in Great Britain and Continental Europe l,I7o 900, against ,349, 900 last year and ,36i 900 year yea oe before last; in Egypt. ss.ooo, against ioo.ooo last year and lI7.ooo year before last; in India. I77.ooo. against I7a GOO last year and I39, 900 year before last, and in the United States ess. 900, against l. ioI 900 last year and l.I24.ooo year before last.
The Montgomery advertiser., 1903-10-31
New orleans Spot Cotton.

NEW ORLEANS, Oct. 3o.-In the spot cot ton market offerings were moderately free both from factors tables and from the country Factors asking hc to kc above yester- days board figures Sales, 9,25o bales, in cluding 4, $50 to arrive. Quotations 1sc higher.
 At the opening of the future market prices were Abs points lower. The depression in prices did not continue long. sensationally bad weather bureau forecast was posted and on the strength of 1t prices were sent up from 2I to 22 points higher than the lowest level of the morning and from | 6 to " points nigh CT than the close of yesterday. The lower opening was caused by the course of the Liv- erpool market, which did not respond to the course of prices fin the American markets yes terday. The course of prices today showed that the bulls have the situation well in hand and that they will be able to send prices well up toward 5 cents. even if the movement does continue heavy. Many bulls believe that cot ton will go to IS cents before the season Is over In the trading during the afternoon there was a slight shifting of values. some po- sitions closing at the highest figures of the day, while others lost from to points, the net gains being October l4 months from Novem- Der to April, inclusive, I2 each. May |, June 8 and July g points.
The Montgomery advertiser., 1903-10-31
Liverpool Cottt n Futures.
Daily Cotton Marh.4

NEW ORLEANs-Steady; sales, e,25o; ord,. nsy' nsry' I,l6; good ordinary. s%; low middiine s%; middling lob; good middling. 10 s-Is, snlCdlins stnna fain aae 10 -le receipts. i5,I7o q oG6aaLFESTON-Ffrm 6a middling, 10 I-J6: sales <'vSI receipts. 22.559 stock, I74,eII.
 MoBIL Firm; middling oZ; sales, 7oo. receipts, 2OI2; stock 32 POI.
 SANANNAH-Firm: middling 10 I-I6. saIes Sen; receipts. I,262 stock, 100 7o3 CHARLESTON-Firm; middling. 10: receIn+, g. .496; stock. I2. SSS 'o' ,WiLMlNGToN-Weak middIing 10; receipts 4. 642: stock 26 2o6 N -eee'p'S NORFOLK-Steady; middlne Ion. .a,o. SVS; receipts, 4,4o4; stock I2e3I.
 ALIiMoRE-Nominal middling, Io.S7; re- celpts. ]. .I2l; stock. 5.773.
 bosTON-Quiet middling. Io35; net re- celpts. 54: gross. 2,50I
 PHILADELPHIA-S Steady: rnIddI,ro Inzs receipts, SI4; stock, 2.664.
 ST. LoUIS-Firm; middling, Ioh; sales I7o. receipts, 5: stock. 2.oe4 ''' NEW YORK-Quiet; middling. Io5o. not Teceip1s' 52: gross. 5: sales 5744; stock, .3e3; exports to Great Britain, 80, sos.
 Total today-Net receipts, 63.53s: exnorts to Great Britain, 63. 6S6 to the Continent, 70 . o76; stock. sos 972
 Consolidated-Net receipts. 3e5 SOP; exnorts 10 Great Britain. l72.6IS to France, "a 3s6 to to the continent, 72. OPS: to Japan. 500: to Total since Sept Met receipts. oso Iso. exports to Great Britain. 556, ,445; to France 100 2oo; to the continent, 5I347I: to Janan I'SSo; to Mexico, 2.90O.
The Montgomery advertiser., 1903-10-31
A. B. Baxter G Co.'S Cotton Letter.
 rE3v priyafa Iaased WirAl

NEW YORK. Oct. 3o.-The market went of 2G3 points at the opening. This was on real izing by recent buyers. It was not to be ex- pected that the rise would be continued with out many setbacks and profit taking may be looked for on all bulges The Liverpool mar ket was doing very well when we opened and the situation on the whole was strengthened by a very bullish report issued by The Journal of Commerce, from which 1t appeared that the crop has deteriorated per cent. since last month. This, however was anticipated and made little impression. but forecast for rain, snow and freezing weather in the Southwest made shorts very nervous and the market moved up briskly. There was an ab- rupt withdrawal of sellers everywhere and prices began to climb all along the line Best people were convinced that the crop prospects were daily growing worse and that the out come may be a disaster. Receipts at all ports were estimated at 63, 900. against 52. 900 last year. Liverpool prices rose l24i3 points Cloths at Manchester were hrmer. The New York stock has gone of to 44.ooo bales and the short interest is so large than believers in l2-cent cotton are quite confident that the figures will be reached.
The Montgomery advertiser., 1903-10-31
WALL STREET. REVIEW OPERATORS SHOW COURAGE IN
 BUYING STOCKS. Influences Usually Regarded as Con- elusive are Disregarded-The Offers to Sell are Few and
 Far Between.
-PropFiet0rs.

NEW YORK, Oct. 3o.-Today's stock market gave a striking illustration of the newly &C., auired tendency towards declining to tradeN in the face of unfavorable developments Con- fronted with figures. on the weekly currency movement which indicated a loss in cash by the banks during the week of from SIS ,ooo,- lacking in courage to buy. But the offers to sell were almost unapprecable. As conse- aueuce the market fell into actual stagnation during the afternoon and the aggregate deal- ings for the day fell to the smallest for the year. The whole number of shares sold during the day amounted to only i65. 800. The days price changes were wholly without significance except for the dragging tone in the iron and steel industrials and the railway equipment stocks due to the unfavorable reports regarding the trade. It appears from the weekly state
 ments secured from bankers themselves that the shipments of currency by direct means has amounted to about much as those through the sub-treasury. The transfers through the Government institutions were $6,475, 900. The loss of sub-treasury operations as a whole payments for new gold was about 6 1, 500 900. The failure of last weeks bank to reflect the large shipments to Baltimore and Pittsburg leaves open the possi- biiity that the effect will be thrown over into bank statement. There has been no indication in the stock market of any H. quidation. If there has in fact been any faan contraction adequate to offset the heavy sosa fin cash nothing has occurred on the sur face of events to indicate 1t. The days money market was nevertheless tranquil and the call loan rate did not rise above per cent. In the time money market per cent. was bid for all periods. but very little was offered. The sffect of our tightening money market passed by the cables to London this morning and money and discount rates hardened there The rate for sterling stesdied here this morning in but weakened again before the close Next Monday is a holiday in London and there will be no trading here on election day. the day following This prospect of holi- day interruptions aggravated the indisposition to trade in stocks Much attention was di- verted to the placing of wagers on the result of the coming election The threatened exten-
 sion of labor troubles among the structural
 iron and steel workers influence on
 stocks concerned in those trades.
 The recent average of activity in the bond
 market was much curtailed. but the backset in
 prices did not extend to the whole list. Total sales tpar value). SI,7looo0. United States bonds were unchanged the last call.
The Montgomery advertiser., 1903-10-31
Worlds Cotton Takines.

NEW ORLEANS. Oct 3o.-secretary He's ter gives the takings of American cotton by spinners throughout the world as follows jn round figures: HI
 This week. 2e7 900 this year, against PIP oUO last year and 24l 900 year before last.
 year before. '"e
 or this Northern and Canadian spinners took ZfS'ooo bales this year, against 36o 900 last year and 33o.ooo the year before: Sontbern spinners. S5S, 900. against 3e3, 900 last year and 352. 900 the year before. and foreign spinners 65s,o against sos. 900 last year and 7o7oo the year before, '"'
The Montgomery advertiser., 1903-10-31

that as sentiment is so extremely bulish there is practically no speculative short interest left in the market. It is claimed. therefore. as every one seems to be optimistic. that the market is not in a healthy condition, and that any unfavorable feature is likely to bring about a rapid and sharp decline under the circumstances. While all these contentious may be logical the real factor that is instru- mental in enhancing prices is the strength of spots, consequently as long as there is good demand for spots and holders are firm. the probability is the market will be sustained.
The Montgomery advertiser., 1903-10-31
sAvANNAH Oct ao -T,,,n,,,

sANANNAH. Oct 3o.-Turpentine-stea at
 Rostn-Firm receipts, 1901; sales a osa. exports: 3, 343: A, B. c, s2 30; D. S2. 30; E' S2 35; F. s2. 50; G, s25 55; H. S2 60; I, S2'7o: K S2 90; M, S3 o5; N s3 50; window glass. S3 30; water white. $40
 CHARLESTON. Oct. o.-Turpentine-steady
 Rosino.-steady; A. B. c. s2 2.o5; D. s2.Is; S2 6o K, S2 90; M, S3 20; N, S3 so: win. dow glass. sS 30; water white $40.
The Montgomery advertiser., 1903-10-31
New Orleans Sugar

NEW ORLEANS. Oct so-sugar-ouiet: open kettle, new, 3%q3 II-I6: centrifugai granulated. 4A: whites. 4s-I6; yeilows, 3x Molasses-open kettle, new. se; centrifugal steady; new, 25a2s
 Syrup-Steady; new 34d36
The Montgomery advertiser., 1903-10-31
Naval Stores.

WILMINGTON, Oct. 3o.-Turpenutine-Noth ing doing; receipts. lol casks
 Rosn-Firm at S2. Io; receipts. 425.
 Tar-Firm at Sl 80; receipts, I34
 Crude turpentine-Firm at S2 25d3 30. 70 ceipts. 72. ''
The Montgomery advertiser., 1903-10-31
Cincinnati prnuisinnn
St. Louis Provisiong.

CINCINNATI, Oct. 3o.-Flour-Dull. Lard-Steady at Se. 32h
 Bulk meats-Quiet at S7.S7h
The Montgomery advertiser., 1903-10-31

ST. LOUIS, Oct o.-Flour-Steady Whiskey-Steady at SI.3I.
 Bacon-Lower; boxed extra shorts, Ss.25; clear ribs, Se.75; short clear, Se.
The Montgomery advertiser., 1903-10-31
Bank Clearings.

NEW YORK, Oct. 3o.-The following table, compiled by Bradstreet, shows the bank clear ings at the cities named for the week ended Oct 30. with the percentage of increase and decrease compared with the corresponding week last year:
The Montgomery advertiser., 1903-10-31
THE MONTGOMERY ADVERTISER.
MARKETS FOR FUTURES
WEATHER FoREcAsT,s APPEAR ANCE CAUSES EXCITEMENT.
Prices Take an Upward Bound and shorts Cover Freely on the Ad- vance-Easing or at
 the Close.

NEW YORK Oct. so-The cotton market opened steady at an advance of point to a decline of'5 points and ruled quiet for few minutes. with prices in sorne instances little lower under realizing encouraged by the dis appointing early cables and the prospect for very heavy receipts. When the weather fore cast for the Western belt reached the ring however. there was sudden change in the market, which became very active and excited October. which had opened at Ioo7. sold up 'o 11 t,o pecemner 9e I was e rushed up ron and March from 10. IA to io-35: on the ad- vance shorts covered freely and one of the fea- lures was the heavy buying for a certain bull leader who is credited with having purchased 10000 January in single block The higher level attracted considerable realizing, and not withstanding the bad weather outlook for over ing interest was well sustained and the mar 'ket ruled firm during the balance of the ses- sion, with. prices within a point or so of the best until near the close, when 1t eased of and was finally barely steady. net Sol points higher Sales were estimated at 700 900 bales The weather forecast calls for 'snows in the Territories and frost over the western belt gen. erally with an area of disturbance extending pretty we'll over the entire belt Another fac tor in the advance was a bullish crop report by a local newspaper showing a decrease of about per cent. in the condition of the crop Tor the month and an estimate issued by pri- vate statistician placing the yield at 10, 9oo,- 900 bales. Port receipts turned out heavier than estimated. reaching 67.s2i bales. but ex- pofts we're very neaVyr no less than I6, /ZO bales being cleared. and the Southern spot markets wero generally firm and unchanged to hc higher with into sight for the week ex- ceeding recent estimates, reaching 5I6,596 bales. against 464372 bales last year.
 Local Cotton M.rket.
 The New York market opened off a few points yesterday morning. but later advanced causing cotton in Montgomery to reach the much coveted goal of 10 cents.
 -
 Local Weekly Cotton Statement.
The Montgomery advertiser., 1903-10-31
Comparative Cotton stat

WASHINGTON. Oct. 3o.-Treasury balance S229'45s, 32; gold, SIo6. l3s.I2I
The Montgomery advertiser., 1903-10-31

NEW YORK. Oct. 3o.-The following is the comparative cotton statement for the week end. ing Oct. 3o 'e Net racelnts at all IrnItna s.n...
The Montgomery advertiser., 1903-10-31
Total Net Receipts oF co++on

NEW YORK. Oct 3o.-The following are the sotai S net receipts of cotton at all ports since
The Montgomery advertiser., 1903-10-31
worlc,s Visible sunnIv.

against a,aeo.7sI for the same period l year.
The Montgomery advertiser., 1903-10-31
Treasury Statemant-

Total sales for day, 185, s00 shares.
The Montgomery advertiser., 1903-10-31
The Cotton Movavoo,%

NEW YORK. Oct, 3o.-The following sts- tstics on the movement of cotton for the New York Cotton Exchange: '"'
 Weekly movement. This Year. Last yaar
The Montgomery advertiser., 1903-10-31

The New York market opened ofY a few points yesterday morning. but later advanced, causing cotton in Montgomery to reach the much coveted goal of 10 cents.
The Montgomery advertiser., 1903-10-31

New York Stcck Last.