davidaulloa/AmericanStories huggingface dataset:
The Montgomery advertiser., 1903-11-01
e. E Pierce 6 Co.'S Cotton Letter.

HBy Private Wire From GlDert & Clay.I
 NEW ORLEANS. Oct 3l.--Bullish visible supply figures. increased mills takings. Brad street's cotton report and bad weather are the combined influences that put prices up in the cotton market today. the recent advance whetted the appetite of the general public who came into the market fin force. the down turn of Liverpool was ignored and buying or ders galore in evidence throughout the day Trading was on an enormous scale and prices rose rapidly. Shorts who sold yester day on the reaction theory were compelled to cover at a loss and fell over themselves to get back their cotton and for time the market ran wild. Reduced crop estimates and in creased mills takings can have only one logical result and short crop views come from such conservative sources that the trade must take some stock in them and while the market has advanced rapidly the conditions revolu- tionary and 1t is impossible to predict the out come should the trade become excited The situation offers few features that justify sell ing short. yet we feel that it is too early in the season to bull cotton Finances and the dry goods situation not altogether satis- factory and while the right side will unques- tionably return handsome profits. the reverse would lead to heavy losses and to our minds the season of maximum receipts ahead is the most serious factor in the way of continued advance. As mentioned frequently in these let ters we would not sell cotton short this sea- son, but on any breaks below 10 cents would not be afraid to buy for a long pull.
The Montgomery advertiser., 1903-11-01
New orleana spo.:; Cotton.

NEW ORLEANS. Oct. 3i.-Spot cotton quiet but firm. Sales. 4.2oo bales, including S5so to arrive Quotations advanced # under inc influence of futures and the improvement fin New York.
 Futures opened unchanged to 3 points higher The weather forecast was bad and general rains in the western portion of the belt were also considered an unfavorable feature and was made good use of to boost prices The weak shorts soon became alarmed at the ad- vance. began to run for cover and flooded the market with stop orders. Heavy port receipts apparently had no effect on prices the ad- vance continuing to the end of the haIf-day @23 points, -N
The Montgomery advertiser., 1903-11-01
MARKETS FOR FUTURES
THE NEWS INFLUENCES ARE
 CONTRADICTORY.
Selling Checked by Reported Rains in the Southwest-Europe Operating on t-e Long
 Side of the Market.

NEW YORK. Oct 3i.-The cotton market opened steady. 2 points lower to 2 points hign- es the declines being near positions wnicn were off under realizing encouraged by the ap- parent failure of the snows and frosts to ma terializ. as predicted and the outlook for confirmation of the heavy movement while selling was checked by the reported rains in the Southwest and cables which were just about as due on the local closing of yesterday. Following the call spot people bought moder- ately Europe was operating on the long slde were generally firm at & net advance Of tig IA points.
The Montgomery advertiser., 1903-11-01
A. B. Baxter & Co.'S Cotton Letter,
By Private Leased wire.I

NEW YORK, Oct. 3l.-Although the Liver pool market was considerably higher yesterday she held her own today. prices going of but q points, while there was fine showing. Re
 ports of better demand for dry goods were numerous. It agreed that the absence of the reports of damage by frost was marked, but this was called bullish and indicated most of the crop had been gathered. There are signs of nervousness among consumers everywhere who have been estimating a big crop figure and now find that with the supply the fact hind last year to date is enough to produce a
The Montgomery advertiser., 1903-11-01
-PrOprietors-

very builsh feeling everywhere. Receipts are promising to reach 90, 900 against As (y(,fS fast year Large exports were reported, dry goods reports were some better that bulls were grow ing more and more hopeful. The opening was 2@3 points higher in spite of failure of frcez- ing weather to appear The fact is, the short interest Is immense and it is believed to be impossible to keep prices down for long. The rams fin Texas today Shorts were anxiousIv covering. Business was on a large scale, prices i40lT points up the first hour Heavy ouylng was reported In the South and West
The Montgomery advertiser., 1903-11-01
CincInnati proviaiorn

CINCINNATI. Oct 3I.-Flour-Steady. Lard-Quiet at SC. 32Ia. Bulk meats-Quiet at S7.e7h. Bacon-Steady at S9
 Whiskey-Quiet on basis or SIPS.
The Montgomery advertiser., 1903-11-01
Naval Stores.

WILMINGTON. Oct. 3I.-Turpntine-Firm at 56; receipts. 50.
 Rosin-Firm at S2 5: receipts, 2e3. Tar-Firm at $l 80; receipts, 66 Crude turpentine-Firm at S2 25a3 80.
The Montgomery advertiser., 1903-11-01

land may seek to retard the movement of gold hither It appears likely that we will soon get some of the metal from France. Therefore, even if there shall be further reduction of bank reserves through demands for money for the crops. gold imports will tend to relieve the a fall in sight exchange of about 3. of a cent per pound sterling will doubtless bring gold from Europe.
 New York Stcck Llst,
The Montgomery advertiser., 1903-11-01
CHARLESTON, Oct. sI.-rurpentine-ste

CHARLESTON, oct. SI.-Turpentine-steady at 55h.
 Realistically; A, B. c. s2.o5; E. s2 25: F. s2 4o G. s2 AS; H. S2 50: I. S2 60; K S2 90: M, s3. 20; N, S3 SO; window glass, S3. so; ter phite. S4.
 SAVANNAH. Oct. 3I.-Turpentine-Firm at 56AQ56Is; receipts, 64e; sales. 6sl exports. e49
 'Rosin-Firm; receipts. 2, ,ss2: sales. 5sI; ex- ports, 4, 664; A. B. c. D. S2, 30; E. S2 35: r, S2 50; c. S2. 55; H. S2 60; I, S2 70; K S2 eo M S3 o5: N. s 35; window glass. S3 so wa ter white. S4.lo.
The Montgomery advertiser., 1903-11-01
St. Louia Prnviainnn.

ST OIIs Oct 3i-FHour-Duil. N HiskeY-Steady at SI.3t.
 ''.J .n-Steady; boxed extra shorts, Se -- clea' rips, S9.75; short clear, Ss.
The Montgomery advertiser., 1903-11-01
1.ncnl cotton rrsrket.

The cotton market yesterday was excited and irregular with rapid fluctuations.
 Quotations in the local market were as fol- lows: ...., Strict middling ..................!U S-!oWiOA s..-,N. ,S-. ..Ia a.IiIa- l2-IRGIQ
The Montgomery advertiser., 1903-11-01
Nsz York Cotton Futures.

NEW YORK, Oct. 3i.-The ruling prices in the Cotton Exchange today were as follows; i-h ClnnA
The Montgomery advertiser., 1903-11-01
New Orleans Cotton Futures.
Liverpool Cotten n Futures.
NEW ORLEANS. bod. al.-cotton futnr..

LIVERPOOL, Oct. 3I.-Cotton futures opened
 liet and closed barely steady
The Montgomery advertiser., 1903-11-01

New York Stock Llst.
The Montgomery advertiser., 1903-11-01

SanS .. wilcox. Manager. Montgomery
Omaha daily bee., 1903-06-13

ing general under the present law and the
powers heretofore unofficially vested in the
adjutant general
AS drafted, the new regulations leave
little o. nothing of the adjutant generals s
department and less of the inspector gen
erals department. The adjutant general
will keep the records as now, and The
orders to the army will be promulgated
and published by him, but the chief of
stan will direct the issue OK the orders.
He will be the intermediary between the
president and secretary OF war and the
army and staff bureaus will receive instruc-
tions and orders from the chief of staff in
the name of the secretary of war.
Chief of stan.
The chief OF staff will nave the super
vision of the troops of the line, will direct
military operations and in general will be
the most powerful officer that ever held
a position in the army in times of peace.
OF course at all times he will be subject
to the orders OF the president and secre-
tary of war. Not only the purely military
matters supposed to be vested in the COM
manding general are given to the new stan
in the new regulations, but the supplies
Omaha daily bee., 1903-06-13
CREATES POWERFUL OFFICER
Chief of General Army Staff Given
Many Duties.
NEW REGULATIONS ARE DRAFTED
Committee of Twelve Having Matter
in Charge Almost Completes
Work and VIII soon he
Ready TO Report.
NEW REGULATIONS ARE DRAFTED

WASHINGTON. June IA committee of
twelve Of the general staff, of which GEN
eral Tasker Bliss is chairman. has nearly
completed draft OF regulations for the
government of the general staff
The regulations to carry the general staff
act into effect win make radical changes
in the army. The chief of stan will be an
all-powertul person. uniting in himself all
the authority authorized by the command
Omaha daily bee., 1903-06-13
We Want You to Visit all Departments and See |
sauay9am THE FIRE SALE PRICES. saudysam

games of the double header from the Vim
ton team today by scores of 8 to and
fast, there being no errors made on either
side Batteries: Yessler and White; Worth
ing and Jones; Green and White; Barry
and Jones. The same teams play another
double header tomorrow.
Omaha daily bee., 1903-06-13

At Davenport-Rock Island, Is; Daven-
port, 10.
At Observation-Disclosures, II; Bloomington,
Is. I
At Cedar Rapids-Decatur, Il Cedar Rap
ids, 6. ....
At Rockford-Sprngfeld, 2; Rockford, l.
Omaha daily bee., 1903-06-13
Cre1ton an Easy winner.

CRESTON. Ia. June 12.-(Special Tele-
gram. .)-Creston defeated Kent today by
score of IL to l. Batteries: For Cres'on,
Corbett and Stearns; Kent, Nichols, Mel
Vile and Hayes Umpire Golden. At
Omaha daily bee., 1903-06-13

ChnIIenEer is E4pected.

NEW YORK. June 12.-Shamrock III,
challenger for the Americas cup. and
Shamrock l. conveyed by Erin, are ex-
pected 20 arrive today. The feet, the crews
of which number 40 men, left Glovrock
May IL.
Omaha daily bee., 1903-06-13

HaIf fare 10 Boston June "a. IS, 80; July
!. 2. 8. 4 Long limit stOpover privileges.
Choice OF routes. Through cars TO Boston:
no change en- route via The Northwestern
Line, the only double track route. lloi-iiOa
FaTnam street. !
Omaha daily bee., 1903-06-13

tendance: $50. Shenandoah, the champions
of southwestern Iowa, will play here Sat
urday and Sunday and a special train
bringing about 400 people will be run from
Shenandoah Sunday. ..r. N..
Omaha daily bee., 1903-06-13
webrter city takes Two.

WEBSTER CITY. Ia. June l2.-tspeeial
Telegram. )--Webster City won both ball
Omaha daily bee., 1903-06-13
From Navy 90 Army.

a graduate OF the United states Naval
academy. When the war came on he Joined
the Thirty-frst Illinois Infantry, Of which
John A. Logan was colonel. Mccook was
severely wounded at Fort Donelson, but
recovering served with Grant at Nicks-
burg and Chattanooga ana took part In the
Omaha daily bee., 1903-03-18
Personal NOTES.

John Wesley Bon, who was a member
Of Mark Twain's "Innocents Abroad" party,
has just died at the age Of 70, at Pine
Bluffs, Ark.
Charles M. Schwab is returning to the
home shore and is said to be the picture OF
health. This will entltle him to a place
in the patent medicine gallery.
General A. w. Greedy, chief signal Of
hcer Of the United States army, has signed
a contract with a cable company Of New
York for the construction of a submarine
cable to connect Seattle, Wash, with Sitka,
Alaska.
Alfred Belt, the richest man in the world,
is recovering from his recent serious and
supposedly fatal illness and has gone TO
Hamburg for recuperation. Most Of his
vast wealth was accumulated in the dia-
mond fields of South Africa,
Rev. DR.. Newell Dwight Hills thinks
authors should be taken into a room and
shot, so great is the output Of hooks. DIR.
Hills has recently written a book or two
himself, but, of course, II would be rude to
suggest that the shooting should begin with
him.
James H. Hyde Of New York, first vice
president of a life assurance society, is
credited with having broken all southern
railroad records the other day, when he
travelled on a special train between Jack
s~onville and Savannah, 172 miles, in 1872
minutes, with a stretch Of seven miles in
four minutes. 1t cost him 1000 to do It.
Police Commissioner Greene was ques-
| tioning a detective about a certain case,
Tell me what there is in It," said he.
well" responded the sleuth, II believe
| that is, It is my ~opinion-my theory is that
| II the clues we are now looking for" "See
here" interrupted the commissioner. how
long did you serve on the Buffalo police
force?"
DR.. Ames OF Minneapolis also fastens
the blame upon the newspapers. Appar-
emily there never was an honest man yet
who had somehow acquired the reputation
| Of being a crook but he was the victim OF
journalistic malignity. The only remedy.
1t seems TO US, is for the honest men,
elias crooks, TO have a newspaper organ
OF their own.
Herreshof, the yacht builder, was walk
ing near his shops in Bristol, r. l., one
day last week when a camera hend Zone
OF his pet aversions) took a shot at him
| Herreshoff started after the offender and
soon caught him. The man r~esorted 70
diplomatic talk, but the yacht builder
would not listen. Wrestling the Gamers
from the owners grasp, he extracted tbs
offending plate and ground it TO bits with
his heel.
Omaha daily bee., 1903-03-18
"WATER" AND GOOD WILL,
Chicago Professor Thinks the Fluid is
a Good Thing In Franchise Stock.
Chicago Journa

Chicago Journal.
One of the able instructors at the Uni
versity Of Chicago has created a stir by
defending the practice of watering Sc
c%urities on the ground that this practice
is but "capitalizing good will"
But good will and water seldom go
together. One is opposed to the other.
Good will. undeniably an important asset
in business, is the result of giving value
received to the public. This policy, whether
followed ty dry goods store or traction
company, gives margin for no considerable
percentage OF water" There are excep-
tions, of course, to all rules, but as a gen.
eral proposition, It can be said that
''watered securities" are based not on good
will, but on some sort of a monopoly-a
monopoly through franchises, patent rights,
or control of natural resources.
Take the local traction stocks. for in
stance. Can the water be explained on
the score of good will? Were Chicagoans
ever accused of cherishing good will for
the traction c~ompanies? No; the water
stands for the franchise rights which gave
a monopoly to the existing companies.
Again. the watered securities OF the Stand
ard Oil company, the corporation which
made the University Of Chicago what it is
today, represent monopoly-not good win.
Where there is monopoly seldom is there
good will. The more a company waters
its securities the less popular, as a rule,
does that company become with the public,
because the added securities are made pos
sible only by a monopoly which enables
the corporation to exact more than legiti-
mate profits. water" starts at the line
where honest earnings cease.
Go through the whole list Of corpora
lions and you will find that those com
panies which are not intrenched back OF
monopolies have little or no water" in
their stocks. The absence OF monopoly
makes competition possible. Competition
makes dishonest profits impossible.
Water is possible only through exorbi-
tant profits.
Omaha daily bee., 1903-03-18

what should be done? There was a
banquet in Chicago Monday night at
which prominent democrats expressed
their opinion as to what should be done.
There was not absolute agreement be-
tween them. On the contrary some of
the speakers were wide apart as to
some of the most important issues that
are now engaging public attention. One
Of the speakers on that occasion, a man
who occupies a prominent position in
democratic councils, declared that THE
democratic party will never attack the
freedom of those who have lawfully
made fortunes to make them larger"
Another speaker took the position that
it is the duty of the democratic party
to take a course which would mean the
in the nature of a trust, regardless Of
the consequences upon the general in
dustry of the country.
We get in these carefully formulated
ideas of democrats from different sec
lions a view of the party ideas. The
eastern democrat recognizes the eXpedi-
ency of not committing the party to
an unqualified revision of the tariff,
while the western democrat is ready to
slaughter the principle Of protection.
That the latter represents the very gen.
eral democratic idea there can be no
doubt, but it is an idea that cannot
succeed. The American people have
had experience with it and they do not
want a repetition of it. Still it is the
prominent If not the only democratic
idea of today and promises to be the
leading issue Of that party in the next
national campaign.
Omaha daily bee., 1903-03-18
INFORMATION WANTED.
Chicago News.

chicago news.
A fond desire for knowledge is within my
bosom burning.
/ positively ache and yearn for any sort of
learning. v.
In youthful days I did not, and, as might
have been expected,
neglected.
But now the case is altered. 1 am ever
realizing
The fact that what / do not know is more
That fact I've just discovered, to my great
est CONSERVATION,
And that explains my present warm desire
for
1 make no false pretensions, for my igno-
rance is shocking.
The very simplest subjects are my feeble
I'm short on metaphysics and on specula-
tive logic,
I do not know a thing about the science
~pedagOgic.
I'm destitute of Hebrew and OF sanskrit
and of Persian,
And cannot tell the merits of the old or
newer version.
In chemistry I'm weak. l don't know
much about vibration,
/ am absolutely lacking when 1t comes to
Information.
1 used to think / knew a thing or two, but
I'm ConfeSsing
A little brief experience has lately got me
guessing.
The only thing know is that my strong
points are not mental,
So I've abandoned all ideas of ideals trans
cendental.
am meek and humble,
But when l think it over l nave little
cause to grumble.
My wife taught school It'll married, but her
present occupation
Is imparting TO her husband all her stock
of information.
Omaha daily bee., 1903-03-18
4 POINT


Before the revenue bill Is agreed TO
In a form that provides for the assess
ment of property at 20 per cent of the
full casb value our legislators should con
slider the serious consequences that will
follow such a departure. When the bill
was in joint committee the first point
said to have been decided upon was that
assessments in the future should be on
the 100 per cent basis. Every argument
presented was in favor Of full value
assessments and not a single substan.
tial reason was advanced to support as
sessments upon a fractional basis.
Experience throughout this state as
well as in other states has invariably
been that fractional assessments pro
mote inequality and injustice, which
cannot be covered up under the full
value assessment plan. 1t was to rem
edy abuses that had grown up under the
old form of assessment that the sep
arate tax commissioner scheme was
adopted for Omaha, South Omaha and
Lincoln, and in each a wonderful reform
has been worked by the Inauguration of
full value assessments. BY raising the
total valuation of taxable property to
something like it's real worth the tax
rate has been steadily reduced until 1t
has in each of these cities reached nor
NAL proportions.
The lawmakers at Lincoln evidently
do not realize what the legalizing of the
fractional assessment plan means. For
Omaha 1t means that whereas this year
property has been assessed at 100 per
cent for city taxation. next year it will
be assessed at only 20 per cent. 1t
means that where the grand total Of as
sessed valuation for 1903 is more than
500, 900, 900 next wear It win appear to
be only about $2O,OOO,OOO. 1t means
that while the city tax levy in Omaha
this year is less than 8 mills next year
it will be upwards Of so mills.
The position in which Omaha will be
placed by such an advertisement can
be readily appreciated. 1t will be her.
aided everywhere that Omaha's taxable
wealth has shrunk to one-fifth of what
it was before and that the tax rate has
been multiplied FIVE or six times. The
damage done to Omaha by its inflated
census - 1890. followed by the drop in
the igurca for 1900, will be incompar.
able to the damage wrought with in.
v%estors and possible incomers by such a
showing Of decreased property values
and skyrocket taxes.
What is true in this respect Of Omaha
will be true also of South Omaha and
of Lincoln. each of which will suffer
irreparable injury by the proposed
change in the basis of assessment. On
the other hand, If the legislature re.
traces it's steps and goes back to the full
value basis it will bring the assessment
roll of the state as we'll as of it's cities
up to within an approximation of Its
actual worth and the advertisement
thus given to the world will be worth tc
our people hundreds of thousands OF
dollars in new investments and tens OF
thousands Of increased population. 1t Is
to be hoped the Legislature will recog
nize its mistake and make this correc
tion before it is too late.
Omaha daily bee., 1903-03-18
RESTERN


The past few wears of western agri-
culture have been Of a very satisfactory
nature and the promise for the coming
year is to the highest degree satisfac-
tory. Looking to the past the agricul-
tural producers of the west have the
amplest reasons for thankfulness. The
years have been filed with the most
abundant harvests and the best prices
have prevailed for all the crops. There
has never been n time in the history
Of the country when the average of
farm products commanded better prices
than during the last three or four years,
or when they have had a better market
or better prices than they are receiving
today. This is n of the considerations
that needs to be thought of in esti-
mating the general value of the home
market. The common notion is to re-
gard the value of our home products
according to the exports, but this is a
mistake. The real value of these pro-
ducts is to be determined by the do
nestle commerce in them, which is
many times more than the foreign
trade.
The great bulk Of the agricultural
trade of the west is not in foreign lands,
but in Il own country. While the pro-
ducers Of the west sent many millions
of their products abroad, they sell of
those products at home hundreds of
millions more than are shipped out of
the country and at better prices thar
they receive for foreign shipments. 1t
Is thus a matter Of the utmost import
ance to our producers that they should
preserve the home market for them
selves.
Western agriculture is today the sub
stantial fact in the national prosperity.
Without it nothing else can be of en-
durance. 1t is the mainstay of national
prosperity. Fortunately the outlook for
it is most satisfactory.