davidaulloa/AmericanStories huggingface dataset:
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-03-19
Tarrant g. Kings
Cotton Letter.
lspecial to News and observerl

New York, March 1S.-A surplus of
from 500 600 to 100000 bales of cotton
is needed for speculation. The present
visible supply figures indicate that there
will be a smaller surplus on September
first than ever known, and it is at time
when the consumption is the largest ever
known, and if the outlook for the new
crop should be unfavorable, there would
be sensational advance.
At the moment, however, the weather
at the South is clear and the majority
of traders expect receipts to increase,
and they are going short Of cotton. The
short selling has been going on for three
days at an enormous rate and while the
market has appeared duh it is because
the fluctuations have not been wide.
There is n demand for every bale of
cotton for sale whether it be futures or
spots. When the short selling has run
its course and the demand is still unsat-
ished, prices will start upward, the
shorts Will become nervous and any at
tempt to cover on their part would cause
another sensational advance.
The sentiment rs not as much against
the market as it was six weeks ago at
nine cents. ne WHOte IEOuDle Is ina
there is not enough cotton. The New
England crowd were conspicuous buyers
of July today, but did practically moth
ing in May. Their interest in May is
estimated by conservative people to be
from 100000 to 100000 bales, and they
are in position to take the cotton if it
is rendered. Where that amount of cot
ton is to come from for delivery on con-
tracts no one ventures to state.
Our Galveston correspondent who is q
large exporter of cotton telegraphed us
today as follows: 81 believe cotton will
reach u cents before August list. This
crop will not exceed 10,70O,00O bales.
Stocks i'll uncounted countries are very
light, there is an unprecedented demand
for actual cotton from Great Britain
and the continent, and interior shippers
are oversold and are having trouble to
fill their engagements. We have some
special information for clients, write us"
TARRANT & KING,
IS Broad Street.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-03-19
Futures opened firm and closed easy,
American middling, go. G.:
NEW ORLEANS COTTON.

New Orleans, La, March 1S.-The spot
cotton market today was easier and at
the close prices were marked down Lice.
on all grades. Futures opened quiet
with prices one point lower. Attention
was directed toward New York, where
the cessation of hostilities between bulls
and bears was looked upon as suspicious
II was the general opinion that one or
both sides were planning some new move
that would send the market up or down
with a suddenncss that would jolt
traders The slight decline in that mar
ket, which was reflected in the local
market. was looked upon as the work Of
manipulation. Locally fluctuations were
narrow with very light trading. Prices at
the close showed net losses on the day
of to . points.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-03-19

point decline in American Express.
The bond market showed steadiness
throughout the day, but shared only to a
slight extent in the strength of the stock
market. Total sales (par value) s1,4I5,-
0Oo.
United States bonds were all unchanged
on the last call.
Total sales OF stocks were 49S. 400 shares.
including Atchison, 1880; Baltimore and
Ohio, $500; Canadian Pacific, 10000;
Erie 26.10o; Erie second preferred, 500;
Louisville and Nashville. 6.400 Metro
politan Railway. 1900; Missouri Pacific,
9,400 New York Central. $500: Ontario
and Western, $500; Pennsylvania 49,
100; Reading, $4,000; St Paul, 1900;
Southern Pacific, 70, 700; Southern Rail-
way, $500; Union Pacific, %. 700; ANAL
gamated Copper, 81 200: Brooklyn Tran
sit $500 Sugar, 10000; Tennessee Coal,
5000 United States Steel, $500; Rock
Island, 5000.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-03-19
Barbee g. Co.'s
Cotton Letter.
(special % News and Observer.l

New York, March 18.-There il not
much money in it, but this sort of a
market is a decided Improvement on the
excitement we have been having Flesh
and blood could not stand that sort of
thing long. This morning there was a
decline just as we had an advance yes
terday. This seesaw market may keep
up for some time The May people seem
to be trading in July. They sell July on
every advance and then support the mar
ket by buying in this July on a break
But feeling is getting such that cotton
comes out on every advance now and
this will be true with good weather and
larger receipts, AS the spring advances
and reports of the enormous planting be-
gin TO come in, as the weather improves
and receipts increase, the tightness of
the cotton situation is more than likely
to be relieved. OF course, if we find out
later that we have no cotton to spin, we
will see high prices during the summer
The market seems to us to have two dis
tnct phases to it, and both must be re-
garded in order to make any money in
cotton. One is bcarish and the other may
prove bullish. The first operating now
and the second is to come. In the spring
of the year everything favors a quiet
market. Weather has been beyond con-
ception, very bad, and we should have
a big April movement. We recall 1900
when everything favored high prices, but
the planting season started a decline
first. Later on if the cotton in the in
terror is found to be less than esti-
mated all we'll and good For the pres
ent August cotton appears to be
a sale on every good bulge. Profits
should be taken on a break as the amount
of cotton in sight is very small and May
holders can rally the market easily. Then
on any advance sell again. We cannot
but believe that money will be made on
this plan for some time to GENE.
Cotton futures today ranged as fol-
lows:
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-03-19
Cammann e. Cos.
Cotton Letter.
Especial to News and Observer.


New York, March 18.-Another tame
day in all markets with the close here at
d decline Of three points. News from the
river was rather reassuring, and weather
South is generally fair. Spot demand
everywhere is slack, and it is evidently
the purpose of spinners to fall back on
their old waiting game, TO test the pa
thence of holders and to measure just
how independent the latter may be. Re-
ceipts are rather light but are expected
to increase within a week or ten days.
This, of course, is the main rock on
which the bulls and bears split. While
the statistical position is becoming daily
much stronger, we are of opinion that
this feature will not play its full part
until a little later in the season. The
immediate outlook seems to justify a
decline. There is no effort on the part
Of the bull party to stay prices, and it
is even limited that they would be pleas
ed to see a recation Of Ia to q cents; in
other words to something like to IA
cents for the summer months. At such
level, they would again take hold Wig
orously. The price question of the win
ter months is as different from the old
crop as apples are from oranges. They
should each be considered on their
merits. since summer positions will be
governed by the supply available between
now and October, while the new crop
will be affected by the varying prospects
for large or small yield. 1t must be
admitted in this connection, however, that
public expectation leans to bumper out
turn for the new season, in view, main
ly. of the exceptionally favorable con-
ditions of the subsoil in Texas.
CAMMANN g. CO,
Per Hugh Z. McElrOy.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-03-19
OPENING la1eHEsr. LOWEST olos-Ne.
f,ash nnotntlons were as ro1Iows:

% -
Flour quIctand easy: winter oatente % QUO
80; stralghts So 1905 30 clears s. 1909. lO 90
spnn2 specials 4.20; spring patents t3.5005SOi
do straights 81 1908 40; b. kers ". f062Sl
Wheal-No sprung 1911; No.3. d9DF; NJ d,
red, 71%@T2I4 Corn No 2 42%; No. 2,
yellow 425s, Oats-No. 2, "a; No. 2 whlt
=; No 3 white 3303s Rye-No.2, 1914;
lev. good feeding Is043 fair to choice maItln
45l15I No. 2htx SEED SI1O; No. | potthwes-
era LI2K PRIME timothy seed =. Mess port
PEI BIB. II 37z0F.t0; Lard. per 100 lbs
az 10a 7j snort rIbs sides 0cose) " 4S94o"
ear sides, (bo1ed) SI037h0I050 Whtsn bl is
high wine Sl.3o. Clover contract grade.Sll 959
II IS
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-03-19
Better Reports are Coming
From the South.
STOCKS ARE HARDENING
Money Conditions are Less Stringent deay,
Buying Of Southern Pacific Stock in
the Last Half Hour---The Close
Irregular.
(By the Associated Press. }

goods are maintained with regularity
any buyers find it difficult to secure
prompt deliveries. Collections are re-
ported unfavorable, buyers taking their
fun limit of time.
NEW YORK COTTON.
New York, March 1S-The cotton mar
ket opened quiet with first prices one
point lower to one point higher and ruled
quiet during the entire session with
prices fluctuating within a ten point
range. Following the call the market
improved little under covering, then
turned easier, declining a matter of four
to nine points from the best under con-
tinued bear pressure and liquidation en-
couraged by the better weather, but af-
ter May had reached 81 and July 957 the
bulls again supported values and forced
the market to the close, which was re-
covery of two to three points on the
active options and net to points lower
Total sales of futures estimated 100 600
bales. The cable news this morning
proved just about as expected so far as
Liverpool quotations were concerted and
the local trade showed disposition to
await fresh flood news or some indica-
tions as to the probable attitude of the
market leaders before operating ag-
gressively. The Initial transactions
therefore were largely OF an evening up
character, chiefly professional commits
sion houses reporting few orders on either
side throughout the day. The better re-
ports in the South and continued alb
sence of future damage estimates for to-
morrow's receipts at leading points, led
to considerable realizing after the initial
gains. Reports of small stocks at inte-
rior towns, the comparative steadness
of the various spot markets and full ex-
ports amounting to 24657 bales against
port receipts of 14,026 bales, were factors
in the closing steadiness.
The market showed little improvement
in point of activity.
Nrw YoRR. Mar. f8-t'otton snot closed
Quiet; mIddline uplands 1000; middling gulf
102S; sales 3C0 IA es
Futures open quiet.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-03-19
NEW YORK

NEW YORK Mar 1s Flour qnIet snd ste IDS
Min e icta patents 4.(004.0'
RYE -four auie ir 10 GOOD 2.7013O oh oicc
TO fancy 3.25IG3 10
Buckwhea flour d all sI9a12.II
t.orn meal dub JeI.Ow western 81. 10
Rye easy: No 2. "estern 81 Staeu
Barley quiet; feeding AZ; maltinr 5l05fn
Farley mat quiet western 656166.
WLea pot firm; No. 2, red, 1875. Closing.
March 50; May 1914, July 762s eeepte: berr T5,a
Hpril %; May 50: July 1914
. is. Spot du !; No 2 a. Options May
CLOSED 40.
Beel qH ct: family sI4OO8l5OO; mess s9aa5O
packe' Sl2.O00l300; eef hams s2050Io2I50.
Cut meats firm: rickled be lies l0OllM
picked lhonldefs @J9A; picked hams IL Sl2.
Lard easy: western steamed $1,000. re-
fined dull south America 1915; the Conti-
nent 70; COMPOUND 7ts@74.
Pork steady; fan ily Sl950120.00; shori clear
80 09621 or mess Sl775GolS.25
Inliow II m; city pr package 5h; country
packages fIeeD 81
Rosin steady; strained common to good, 2271
@2.30.
Rice FIR y: domestic. lair to extra 4AG1i
Japan 44D5A.
MoIasscs steady; New Orleans, open kettle
good To choice 3ldQ40
Cofee-spot kioquiet, MOI nYClce "a MILO,
stea h; Cyrd va 74s0lt
Sug. RAW sleedy; lair 20 refining 81 centrl-
ugai, 96-test, 3a mo asses sugar steady
refined sugar firm; eonfectioners 40 :
mould A 5.O5 standard cut loaf ~
crust cd $50; powdered 30; granuIated 40
cubes 50F.
Butter steady ext q creamery ~: western
State dairy l7dl26
Cheese ST rong: new Sta.e full cream. fancy
small colorea, Az small white lSH.
Eggs firm; State and Pennsylvania ISM
southern Tx
potatoes steady Southern (0D2C0; State
ana western p r $50 lbs. l.50020O; Long Islano
2U0a2 0; Jersey , 2503.J0; south Jersey sweets
S290a295
te@nuts ste dy; fapcy hand-picked 41404n
do nestle 3lD4H.
(IabbaQes ouiet domestic, pc; Dbl, white, .75Gl
90, red, L000L25
sreights 20 liverpool; cotton by steamer l2e:
grain Id.
Cotton seedoi was firmly held on spo but
rather less act We; f1II..~ crLoe 1. O mills
4n0135. tri1e summer yellow fl n offsummsI
yellow. 3sh G13q rime white As; WINTER yellow a.;
nrima meal 81 h01aS 90 nominal
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-03-19
Leading futures ranged a. ronOw..
NEW YORK MONEY.

NEW YORK. Mar IS ! %. m-CIos@ money
IN cal firm ct sac per cent; c osing offered 4;
Time money easier 20 days 81 GlS.a per cent;
90 days SK0>A; six months ~ SSSx ner
cent. Prime mercantile paper 6 per eenl
nominal; sterling exchange steady with
actusl bushes in bankers ids al 5000
1870 tor smsni at 4>3 6Sd4S3 20 for h,
day bills Posteara es 4sfb74SS. Commercial
bills IS3G14s3h; Bar silver ASS; Mexiea \
dollars 3s Government bonds stesdv: RAJ
road oni, steady
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-03-19
An Education
Without Strain

upon the family purse. There
is a way for the father of the
family to prepare for the edu-
cation of the children, and at
the same time protect the
family in the event of his death.
Our books, " Five Per Cent.
Twenty-Year Gold Bonds, and
"A Bankers WILL" sent on
request, contain information
that may be helpful and will
certainly be interesting to any
parent.
This Company ranks
F1rSf-ln Assets.
FitSt-In Amount Paid Policy-holders.
FDSt-In Age
THE MUTUAL LIFE INSURANCE
COMPANY OF New YORK,
RICHARD A. MccuRDy, President.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-03-19
srApoARD STOCKS AND BONDS.

BALTIMORE. Mar 49, Seaboard Air Line
conn on c4B: preferred 4i4.
Bords AS. S5%.
Atlantic Coast Line. common. 1885, pre-
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-03-19
GRAIN AND PROVISIONS.

Chicago. March 1S.-Trading in the
grain pits was less active today and with
the exception of wheat prices had an
easier tone, May corn closing . to u
lower and oats shade lower. May
wheat was up IA and May provisions
closed from ~ to 32h higher.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-03-19
LIVERPOOL.

To1erate bus ness done; prices rot Is hi he,
American middliug fair 81; good mid
ding 5.se; iniddling $50. good nrdinarv
1000 bales,of which 500 were for sIecula-
ton and export. and included 6.to0 Ams-
rican. Receipts Is 600 bales includi 500
American
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-03-19
STOCKS.
NAVAL STORES.

WILMINGToN. N. C. Mar. IS -Tupentine
firm at 6S. receipts 81 casks.
ROsin firm at So %; receipts Sic.
Crude, firm at 81 4OG3l00 receipts 10 bar
rels
Tar firm at los: receipts 3i3
SAVANNAH, Ga. Mar Is Turpentine firm
at 65' receipts 6S; sales Is exports 1S4.
ROsin firm; receipts l,l7f; sales 53l:
exports $500.
Qnote A, r. c. S2os; D. s2.05; E..
Sos; f, secs; g, ECO; II, 81. 40; I.
$40: X. $40; NJ. $50; n. $500; VIC
S3s5; WV Sa4O
CHARLESTON. s. c.. Mar. 1S.-Spirits tur-
pentine firm at 63; receipts -; sales -;
exports
Rosin firm receipts 49,; sales 80; ex-
ports
Quote A, B. C.ieo; ID. 500; e. 81 go: =,
800; g. $500; II. $3.50; !. 2.zS; K. $40; NJ.
So 80; NJ $3.50; VIC 3-75i WV $415.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-03-19
BALTIMORE PROVISIONS.

BALTIMORE, Mar. IS Flour dull; Winter
patents g. 751t; Spring atents 1.050430.
Wheat eady;spot andM arch '8h07oA steam
err No reu : : southern wheat bv sa,upie 0ll79H
Cen weak: spot ani March 5o1sG5U55
Southern white corn 45dl50H
Oals wers firm: No. white, new, 42h; NC.
mixed, new,
rye hrn NC 2 Sc; No western
butter firm aud lower; fancy limitation
fancy 2l0l22; creamery 20; tancv iacle 2OG42l
fancy ron l7d1lS; good roll l60l7; store pAckea
l507
Eggs steady AM lower; fresh II.
Cheese hrin large IA; medium l4h0l4A;
small liHUl4A
Sugar 6rm ard higher; fine and coarse graz
ulated 5.0lh.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-03-19

The market closed barely steady.
BARBEE & co.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-03-19

SMOKE LA Josephine" and young
Fritz"
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-03-19

Man, goldcon. ..1oSB
Mex. Cen. 4's.,.. II
do 1st Inc. :. 26
MINI. 81 St.L 4's1o1M
Nj. X. q T. 4s. -. 99h
: 2nd's...,.. eoK
N. {, G. lists. :. :.
do gen 3 I-2'.103S
N J. G. gen. 5's..13i
No. Pac, 4's,..,..1o3
" as. TN
n. &. W.con, $500
Reading gen. as 81
St l. q | Mton SIS 114H.
st. l.. SIS FgeuA's 965
st. Il. iS'wes rs. e5H
do 2's........ 83H
S.A.&A.Pass As 80
So. Pac. 4s...... COZ
So. Railway 5's..116
L. 81 z. lists. IFS
T. ,St.L&W. As. rs
Union Pac. 4s. .1o2
do cow, 4's.102k
Wabash lists .116h
!" 2nds ........foo
do. Deb. B. 80. n
w esr Shore q 8. .1Jp
w y l., E. as. on
wis. Cen. as. ;. 81
Mobile a. O. as. 9lB
Con. Tnh.. A's... sew
Col. 4. don 5's... 81
Il. l., rs =. >. eSA
Penn conv. as. lola
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-03-19

NEW YORK Mar 18 Flour qnIet snd ste IDS
Min eIcta patents 4.(Nd4.'0
Rye houT auie ir 10 good 27013.0 CHI ,ice
TO fancy 3.256G3f5.
t,l,. a 4 :
Omaha daily bee., 1903-02-12

posed before in congress. Those favor
ing It urge that there will be perfect
safety in the treasury taking other Sc
curity than government bonds for the
deposits of public money and with a
lien on the assets Of national banks
taking deposits there can be no ques-
ton that the government would be fully
secured. OF course under such a policy
the banks would be able 30 ecure more
government funds than If restricted TO
the bonds of the government, which
would certainly be helpful in time of
stringency. The requirement that the
banks shall pay interest on public funds
in their keeping is proper, though quite
likely the banks will object to this fea-
ture. 1t would seem to be the expecta-
ton of the senate finance committee, of
which Senator Aldrich is chairman,
that the bill will be passed by the pres
ent congress.
Omaha daily bee., 1903-02-12
Personal NOTES.

A ST. Louis paper apologized the other
day for printing the name Of a member OF
City Councils "Beery" instead Of Berry.
Nine. Patti is going to give sixty fare
we'll concerts in America at 5000 each.
Every time she raises her voice 1t seems to
lift the price a little.
There is no great surprise in the news
that President Roosevelt is gaining flesh
with great rapidity. The nation at large
has always known that he is a heavy
weight.
Secretary Chamberlain is distressed over
the cordiality Of his reception by the Beers
and has requested them to cut out the
social functions, the brass bands and the
resolutions.
r. w. Cushman, congressman-at-large
for the state OF Washington, has accepted
the invitation 20 deliver the address at
the Republican club banquet In New York
on Lincoln's birthday, February ~.
The famous Ward McAllister farm, near
Newport r. l., where McAllister wrote the
edition de luxe OF What l Know OF
Society,"" has been rented to Morgan Barry
an Irish farmer. for farming purposes.
Now that Lord Kitchener is busy in
India they are beginning to think in Eng
land that he could be employed to great
advantage at home I'VE ave sent
Hercules to the Himalayas," is one Of the
Omaha daily bee., 1903-02-12

phrases heard in London, where IL il
thought the famous soldier ought TO be
clearing out the Augeau stable Of the War
ofice.
Secretary Shaw was noticed to Join
heartily in singing the hymns while at
church on a recent Sunday. A friend whom
he met outside commented on the fact and
Mr.. Shaw said In his slow. drawing way:
well, they say money talks. II that's true
the secretary Of the treasury ought to sing
John d. Rockefeller. IT,. with a detec-
tive on either side Of him as a ~bodyguard,
went to a church in New York Sunday
and delivered an address on philanthropy.
In the course Of this he said that 1.-THE
man who needs assistance does not come
to you in the streets, as 1 have found
from personal experience" OF course
not; he couldn't get past the Gordon of
guards.
Major William Hancock Clark, eldest son
Of the eldest son Of Captain william Clark,
Of the Lewis and Clark expedition. will
have an important part in opening the
exposition at Portland in 1905. He is a
resident Of Washington. Major Clark has
devoted himself to a study Of the e~xplora>
tion Of Lewis and Clark and the incidents
which led to their overland trip to the
Pacific coast, and has given to historians
OF recent days much information which had
been carefully guarded In the family an
nails,
Omaha daily bee., 1903-02-12
ORDERS FROM THE TRUSTS.

Detroit Free Press: II Morgan and
Rockefeller can and do dictate the anti
trust legislation of this country there is
going to be more doing in this country next
year than at any other time since Lincoln
came through a winner in 1860. 1t Is up to
the party in power to decide whether II will
beat the trusts or itself.
Minneapolis Times: II anything could
confirm an honest senator or representative
In his determination to do his duty by the
public 1t would be this. and we have sufi-
cient confidence in the honesty and decency
Of the great majority of the member of
the heuse-and senate OF the United States
to believe. that they will resent this i'm
pudent attempt at dictation by a most
offensive and oppressive monopoly in an
effective way.
Minneapolis Tribune: Has Mr.. Rookie
Teller paresis? II he sent or authorized
this dispatch he is farther gone .than Mr..
Schwab and the sooner he is sent 10 Europe
the better for the Standard Oil company.
That is the most odious of all the trusts
and the so per cent addition TO the price
OF oil in the midst OF the fuel famine has
not tended to make 1t popular. Kept sena-
tors will not save It, II the new legislation
shall give the law a hold upon it.
Indianapolis. Journal: This is the man
(Rockefeller) who so recently outraged the
millions by unnecessarily advancing the
price OF oil when the masses most needed
1t, who is addressing American senators in
words more dictatorial than William II
would dare send to the German legislature.
The American people will turn with IN
measured wrath upon the head of the hated
monopoly for this display Of arrogance.
Even II he had been a good man he would
deserve castigation for his dispatches to
senators.
Kansas City Star: The report that the
Rockefeller kilograms" against any trust
legislation would probably rouse congress
to action shows the dread that exists in
Washington of the accusation Of specific
influence of legislation by the trusts. So
long as corporate influences can be kept
in the background they may be effective.
But let the people become convinced OF
some direct effort to control congress and
there is always trouble. Most senators and
representatives have a wholesome fear Of
being considered trust agents. II corpora
lions are to be favored the act must be
passed under some disguise. The ship
subsidy bill, for instance, was put forward
simply as a measure to build up American
shipping. The way In which the corpora
tion agents keep themselves in the back
ground, and their indirect methods of at
tack. testify to the power Of public opinion
over congress.