davidaulloa/AmericanStories huggingface dataset:
The Montgomery advertiser., 1903-04-04
MARKETS FOR FUTURES
ALTERNATE PERIODS OF STRENGTH AND WEAKNESS.
For While Values in the Main Show . Distinctly Upward Tendency. Afterwards There are 1n-
 tervals of Reaction.

NEW CORK, April 3-The cotton market opened steady at unchanged prices to decline or points and ruled irregular, displaying al- ternate periods of strength and weakness, but Wlth values showing in the main distinctly upward tendency. The initial losses were the result Of liquidation following poorer showing py Liverpool than expected, but almost inn mediately the market was sharply rallied, May Jumping from 9S5 to Ioc under the scare of shorts. This naturally affected the balance of the list, though the crop options remain ing under the influence of the favorable wealth. CT m the South displayed relative weakness. rrom loc for May there was slight reaction on the comparative fullness of the days re- ceiptc, but the market was again almost tm- mediately rallied by renewed covering. which carried May back to 0.07; July to S.70 and Au- gust to g 4. After this level had been reached, the market while showing intervals of reac- uon was generally firm and closed steady with late positions unchanged to points higher ana near options Sell points higher Total sales Of futures estimated at 250,000
 The continued volume of exports and the nrmness of the Southern spot markets pointed to as likely to deter shipments of cot ton to this port and shorts seeing no immedi ate prospect of obtaining the staple to deliver on contract readily became nervous upon shows Of strength by bull factions. The New York certificated stock is down to 8, ,973 bales as compared with 153.5s9 bales last year. Exports today were ,749 bales against port receipts of 10,500 bales.
The Montgomery advertiser., 1903-04-04
A. B. Baxter G Co.'S Cotton Letter.
 TBv Private Wire

NEW YORK, April 3-The cotton market opened to points lower. The danger of May squeeze keeps sellers in check fearful lest the strength in that month may extend to other months. The trade has recovered from the scare caused Wednesday by the Census Bureau figures and this is not generally con sidered a factor in the situation. The whole market rose rapidly after the opening with May in the lead which advanced r points the first hour. Part of this was lost later The weather today was again fine at all points and cables were as expected. The probability of a May squeeze in cotton is now the chief topic of discussion and all of the heretofore bearish features such as the Lowell strike fine weather and big receipts seem to be discounted The fact remains that the several statistical situa- tions are as strong ever and spot cotton just now is as scarce as ever, and so long as this continues sellers are apt to be quite re- luctant to coming forward. especially as the new crop. while improving. is quite backward and the danger of more unfavorable weather has not passed by The question is how much cotton can be bought here in time to avoid a May squeeze. The present stocks of cotton do not exceed B, 900 bales. Port receipts were estimated at 10000 against 5000 last year. Ca bles were quiet, l to points higher for near and point lower for far months.
The Montgomery advertiser., 1903-04-04
G. E. Pierce 6 Co.'S Cotton Letter.

lover Private Wire from Gilbert Clay.l
 NEW ORLEANS, April 3-Liverpool was in- clined to do better today but the fear of un- favorable weekly statistics evidently exer- cised restraining influence and the improve ment in deliveries limited to l point though spots advanced points amidst sales of 5000 bales. According to private advices English merchants are disposed to think fla vOrably of the value of cotton which Is not surprising, considering the critical nature of future prospects. Traders here had little time to reflect on the possibilities. There was a sud- den scramble of shorts fin New York to cover, ocCasioned by the rumor that large export- ing house had promised not to render any cot ton on May delivery. and in the process prices were lifted rapidly, there being a partial re- sponse at this end and gain of some l2 points tions did not participate equally in the rise owing to better weather prevailing throughout the South. The action of the markets today will doubtless have tendency to command the exercise of greater caution by sellers hencefoVth. While the investors engagement is not without considerable risk. 1t is quite clear that the chances aginst the speculatice seller pronounced. The tardiness of plant ing and overfiows give promise of late yield. regardless of the ultimate size and it is hardly probable that spinners have fortified themselves against the new season. But if 1t develops that Rpinners have still considerable cotton 10 buy before this ends, their position will be unenviable as remaining holders have shown that they are not inclined to yield to any due pressure and determined to insist on full prices.
The Montgomery advertiser., 1903-04-04
New Orleans Cotton Futures.
Secretary Hester's Statement.

NEW ORLEANS April 3.-Secretary Hes- statement, Issued before the close of business today, shows increase in the movement into sight compared with the seven days ending this decrease under the same period year before last .io.ooo and an increase over the same time
 For the three days of April the totals show a decrease under last year of s.0oo and ahead of 1900 by 5000
 For the 2i5 days of the season that have elapsed the aggregate is ahead of the 215 days of last year 136.000. ahead of the same time year before last 62S, 900 and ahead of 1900 by 2e4 OO0 past week has been iss sss against s. SIS for the seven days ending this date last year. 1l9. 4o1 year before last and 75.7sl same time in 1900 and for the first three days of April 1t has ben 34171 against s7 626 last year. 7s 4s1 year before last and 3.949 same time in 1900. The move ment since September l shows receipts at all last year. 16s year before last and 6. .311 same time in 1900; overland across the Misss- sippi Ohio and Potomac Rivers to Northern mills and Canada, 94S 74 against 996, 39s last year. 953. .s9S year before last and 1,100653 same time in 1900; interior stocks in excess of those held at the close of the commercial year 1S9, ,675 against 24l,6S3 last year. 0,640 year before last and ,375 same time in 1900; Southern mill takings ss5, 800 against S4s last year. 101s. 1O3 year before last and 1,oH.s75 same time in
 These make the total movement for the 2l5 days from September to date 9,573, s37 against 9437 94 last year. 950. .S10 year before last and S,310,0 same time in 1900
 Foreign exports for the week have been 1s2. 675 against 102 671, making the total thus far for the season 5.943. 2S7 against 5.645.952 last year. an increase of 297 335.
 Northern mill takings and Canada during the past seven days show increase of 10. 762 compared with the corresponding period last year and their total takings since September have decreased 17.449. The total takings of American mills North and South and Canada thus far for the season have been 3,243. 9sl against 3. ,363 last year. These include 1,S25, PTS by Northern spinners against 1,s42,71.
 Stocks at the seaboard and the twenty nine leading Southern interior centers have de- creased during the week 124. 3SS bales against a decrease during the corresponding period last season of S2, S35 and are now 5.02S smaller than at this date in 1900
 Including stocks left over at ports and in- terior towns from the last crop the supply to date is 9,7sS.s11 against 9.7s7.601 for the same period last year.
The Montgomery advertiser., 1903-04-04
H. a B. Beers Cotton Letter.
Especial to The Advertiser.l

NEW ORLEANS, April 3-Notwithstanding Liverpool advices were not encourag ging our market opened to points higher and subse- quently advanced to IA points additional on the near months in sympathy with the May manipulation in New York and better local spot demand. The weekly amount brought into sight and the Bombay movement were large and caused a recession of to 10 points from the top on old crop months and to 5 points on new. making the net gain to points on near positions and about to points on later The amount brought into sight for the week was 13 900 against S6, GOO last year and the to- tai market from September to date has been 9.574 900 against g. 43S. 90 last year. The Bombay receipts for the week were S4,0 900 against 49 900 last year. The total receipts for September to date aggregate 1.661, 900 against 1,625, ,0O0 last year. The Bombay exports to Europe from September l to date have been 5Os, 900 against 266. 900 last year.
 Trade relations in Great Britain are not AS good as evidenced by the exports of cloths and yarns made up by the Board of Trade showing that they were considerably under last year s. In addition to this English spiners are talking of resorting to short time owing to the accu- mutation of goods in their haE<ls In America the textile trade demand Is slack and has been accounted by the Lowell strike. The weather throughout the South for ten days past has been favorable for crop preparations. Manipu- lation is going on in all three of the specu- lative markets. therefore opinions on the old crop months are valueless. With a continuance of favorable weather. new crop options may recede further,
The Montgomery advertiser., 1903-04-04
World,s Visible supplv.

NEW ORLEANS, April s.-secretary He's ter's statement of the worlds visible supply of cotton. made up from special cable and tele- graphic reports compares the figures of this week with last week. last year and the year beforeI It shows a decrease for the week just closed of .209 bales against a decrease of l2S, ,s92 last year and a decrease of 3s.61t the year before last.
 The total visible is 3.4S4.s49 against 3.605, ,05S last wek, 4.030. 236 last year and 3,920S06 year before last. Of this the total of American cot ton is 2.32S S4s against 2.39 05S last week, 2929 23s last year and 2.s7l.S06 year before last and all other kinds including Egypt. Brazil. India. etc, 1,156. 900 against 1,2140 900 last week. 1.101 900 last year and 1.049, 900 year before last.
 The total worlds visible supply of cotton as above shows a decrease compared with last week of 120. 2o9 bales, decrease compared with last year of 545, 3S7 and decrease compared with year before last of 435, ,957.
 Of the worlds visible supply of cotton as above there Is now afloat and held in Great Britain and continental Europe 2.066. 900 against g l65, 900 last year and 1S47 900 year before last in Egypt 125,000 against 214000 last year and 900 year before last in India 677.Oo0 against 5Ss. 900 last year and 627.000 year before last. and in the United States 617,00O against 1.062, = 900 last year and 1851. 900 year before lost.
The Montgomery advertiser., 1903-04-04
Virgin 6 Faunce's Cotton Letter.


 NEW YORK, April 3.-Cotton futures in the local market today opened steady in tone though generally lower. though the tenor of the speculation became peter subsequently in view of strong bidding for the May option. The latter advanced substantially under the heavy buying power. and other months rose in sym pathy. The covering of short contracts in May cotton was the most marked feature though the business generally well dlstrib- uted throughout the list. The foreign market showed a distinct inclination to follow the leadership of the local crowd and private ca bles in the latter part of the day indicated a strong market the other side Local com mission houses reported heavy covering move ment. among their outside customers, and this feature was taken to represent general re- ductfon in the short Interest in the market dur ing the day. The port receipts were quitesfair being figured at 10000 against 5000 for the same day last year, but the advices with re- gard to the movement of cotton attracted com paratively little attention at the moment At the better prices there considerable profit taking by tirnid longs. The market held up we'll. however. and bulls were confident
The Montgomery advertiser., 1903-04-04
Liverpool Cotton Statistics.
Daily Cotton Market.

NEW ORLEANS-Steady; quotations revised sales, 6.7oo; ordinary. 6h; good ordinary, S4s low middling g :; midiiing. 9N; good mid ding. 10 5-le; miidlng fair. il; nominal receipts 8. 10. stock. l5o. 7ol.
 GALVESTON-Firm; middling, ob; sales, l25 receipts, 2.eoo; stock. 69. 435.
 MOBILE-Firm; middling. 9h; sales, 50; re- ceipts. 2; stock. 3.92l.
 SAVANNAH-Quiet; middling. 9%; receipts, e56 stock. 63,752
 CHARLESTON-Firm; middling, eh; receipts
 wILMINGToN-F middlins. sM; receipts 8S stock. 4.744
 NORFOLK-steady: middling. 10; sales. i75; receipts COY; stock. 10. 527
 BALTIMORE-Nomina1; middling, loA; re- ceipts 1922; Nstock. 3.7I4
 BosToN-Quiet; middlng iolo5; net receipts 24 gross l,0o4
 PHILADELPHiA-s Steady; middlins. 10 40: receipts. 40; stock. 2.475.
 ST. LOUIS-Steady; middling, 3-l6; sales, 9ooi receipts. I.4e6: stock. i9572.
 NEW YORK-Dull middling, 10. 5: net re- ceipts, 1853: gross receipts, 4,7a6; stock. 62, 49l; exports to the continent 500.
 Total today-Net receipts, Io56I: exports to Great Britain. l8 7o6; the continent h. o43: stock 38e 667.
 Consolidated-Net receipts. Io3.422; exports to Great Britain. 2,224; to France. I6.ol6; to the continent, 77.329.
 Total since Sept. Met receipts. 7,078 942; exports to Great Britain, 26o5. 669; to France 722.42 to the continent 2. 597.6
The Montgomery advertiser., 1903-04-04
DUN's TRADE REVIEW.
Good Weather Brings Out Large
 Volume of Business.

NEW YORK, April 3.-R. c. Dun and Com pany's weekly review of trade tomorrow will say:
 Another week of good weather has brought put large volume of business, many manu- lecturers receiving urgent requests for imme- niate shipments, floods have caused serious losses at few points along the Mississippi and traffic was interrupted on railroads in that sitinity but on the whole the freight situation Is is.ore satisfactory than at any previous time this year. The industrial situation would be prevalence of labor disputes. Railway earnings In March increased 13 per cent over last year, and 2l.l per cent as compared with 1901.
 During the month of March prices of com modities, measured by Dun's Index Mum Der, declined to $99. 267 as compared with b1ol 067. This decrease is only seasonable, and b about the same as occurred in the corre- ponding period last year.
 Less interruptions from fuel scarcity and traffic congestion has produced a most desir- able condition of activity in all departments f the iron an4 steel industry but the struc- tural workers ss. Ike threatens to restrict con- yumption and D. ovides the only menacing fac tor. southern pro- CTS of pig iron supplied the most important f. of the week when quo tations were redI: on deliveries in the sec;
 Steel is taken freely by implement makers railways and other la. .se buyers. and contracts are reported that run .'i,iy year.
 Throughout the cottol. ustry there is a dis position to await devei.. ...i.nts Jobbers pur- chase only for immediat. .,auirements. Only a very light supplementary Lcmand is coming forward for mems wear wooiels and worsteds. and most new orders are for hliing out sample business. There is much complaint of delayed deliveries in this line and cancellations are again a feature. Increased hrni.ess is re- corded in the market for footwear. Leather is firm but quiet
 Failures for the wek are IFS against 2l. last week, 22o in the preceding week and l67 in the corresponding week last year and in Can ada IS against 2s last week. 20 in the preceding week and 22 last
The Montgomery advertiser., 1903-04-04

CHICAGO. April 3.-There was quite gen. eral lquidation in May wheat today and the lower. May corn was down < and cats h9hc lower. Provisions were weak and the May products closed from to 2oc lower.
 Failure of the Liverpool market to respond to the advance here yesterday and the liberal Ar genuine shipments created an easier tone in A@%c lower at 7sK974 to 74Ac. After a few sales at the lower figures. there was a quick rally due to buliish foreign advices reports vorabe weather had done considerable damage In some parts of the country. Under this in- nuence May sold up to "A. but the advanc" bringing about reaction, and May declined again to 73h. There was a fair export de- mand ma ,, late in the day which has caused bet were of ssqhc at 73%a73k. Clearances of wheat and flour were 346. 900 bushels. Ex- ported from Bradstreet's were 3, 60 900 Primary receipts. 3ss, 300 bushels. against 335eoo a year ago Minneapolis and Duluth reported receipts of 26o cars. which. with local receipts of 2i. none contract grade made total receipts for the three points PSI cars against 2ss last week and 2s2 a year ago.
 Trading in corn was dull and the market lacked any features There was considerable liquidation of the May option, influenced large there was also more changing from May to the July delivery. Later in the day there was a little better demand for the nearby months. But the close was easy with May Ac lower at 43c after selling between 42M and 43h Local receipts, Il5 cars
 Oats opened with some show of strength on local buying due to the unfavorable weather but commission houses had plenty for sale and the market became easier being aided in the downward course by the action of other grains The cash business was small and unimportant. After selling between 33hQ34934N. May closed hqkc lower at 33%633%
 Provisions were dull with commission houses selling enough stun to produce general weak ness. Liberal receipts of hogs and a decline of SO oc in prices at the yards early bear factors. Closing prices were weak with off lo9 2hc at Ss9o and ribs down 6c, closing at $9.7o.
 The leading futures ranged as follows
The Montgomery advertiser., 1903-04-04
New York Coffee and srrar.

NEW YORK, April 3.-Cofee-Spot Rio, quiet; No invoice, 5A; mild quiet.
 Sugar-Raw nominal; fair refining, irregular
 The coffee market for futures opened steady at decline of from to o points this bring ing values down to the lowest point yet re- corded. The decline was under selling by houses with European connections and certain room traders. together with further liQuida- tion as result of the lower European mar kets and heavy primary movement. Arriv- als of LOGO bags were also reported and this exerted some influence, but the decrease of l36, 63o bags in the worlds visible supply and purchasec by local exporters in connec- ton with a light investment demand attracted by the low prices lowered the market and final prices were on the opening basis. Sales, 52 900 bags
The Montgomery advertiser., 1903-04-04
Demand for Investments

Is growing with the prosperity of the country and a man of character and ability can secure ample rewards if he has the ability to market such securities. l want a few of the best men obtainable for this work.
 In writing g give age, occupation and bank references.
 An IstAsrs treated as sericsly eonadsnttaL
 GEORGE T. DEXTER,
 osVsVintSadsna oF pomsstIO Agencies. ThS MBtHsl Life Insurance cOmpsny of Nsw NeFa<
 a hsssss Street, hsw YSrk. \. T.( samss c. wusSsx 1EsnaGsr. Mcnts6msry.
The Montgomery advertiser., 1903-04-04
Grain Exports.

NEW YORK, April S,--According to Brad streets wheat, including flour. exports for the week ending April aggregated 3.l30.9N bush els against 240l 9S7 last week. 446, ,9l7 in this week year ago and 4 69S. 693 in 1901.
 Wheat exports since July l aggregate 175,- 595, ,4s9 bushels. against l9S,s SPA last season and l55 666, 3l9 in 1900.
 Corn exports aggregate 2,SS2, 06S bushels against 3.16S, 210 last week, 330. .53l a year ago and g. 990 54l in 1901 For the fiscal year exports 4 337 536 bushels against 24 464 437 last sea son and 14S l6a. GOA in 1901.
The Montgomery advertiser., 1903-04-04
Alexander Hamilton,s swordknot.

The late General Schuyler Hamilton carefully arranged in his will for the dis position of a possession that he has held In the highest honor. This is the sword which he carried through the civil war and upon which is the swordknot belong Ing to is grandfather. the famous Alexan- der Hamilton. The heirloom. with his badges, commission and other military papers. are to go to his son, Schuyler Hamilton, and then to his grandson, Schuyler Van Courtlandt Hamilton.
The Montgomery advertiser., 1903-04-04
St. Louis Provisions.

ST. LOUIS, April s.-Flour. dull; red winter Gs25; clears 27bR2SO Timothy seed steady 2.OOd3.SO. Bran. dull sacked East track 65670. Hay. steady; timothy, S,00Ql5. CO., prairie, 1000 HOO. Wriskey 1.30. Iron cotton ties, -; bag ging. 5%d6i1. Hemp twine Sc Dry salt meats weak: boxed extra shorts and clear 9,S7h; clear and shorts, 10. 25. Bacon weak; boxed, extra shorts 10.75; clear ribs. HOO; short clears Il l2h.
The Montgomery advertiser., 1903-04-04
New orleans spot Cotton.

NEW ORLEANS. April 3.-The spot cotton market was very active at full board prices. The advance in Liverpool and the upward turn of futures in New York evidently caused uneas- mess on the part of buyess. The entire pur- chasing element were inspecting lists today and factors were kept busy. Sales, 6,70o bales including 200 to arrive. Quotations re- vised Low middling and higher grades ad- vanced kc.
 Futures. following the furry in New York, were quite active May advanced from g "a to 957; July from 977 to s.so and August from e42 to o4e Heavy realizing followed aths advance and this had the sffeet Of shavipa
The Montgomery advertiser., 1903-04-04

No, 2 Spring wheat. 7sa77: No. 8. sso7s No. red. 72h973%.
 No. 2 corn. AZ; No. yellow, AZ No. oats. s3% No. 3 white. s3%936h. srs MeSs pork per 6o Ser lss so ss s7Ss Short rib sides Qoose). S94599.75. Dry salted shoulders (boxed). S9 75Q6 STA. Short clear sides (boxed), SloS7ts1IO 50, Whiskey. basis of high wines, Sl.3o.
The Montgomery advertiser., 1903-04-04
LOCAL WHOLESALE PRICE LIST.
 Provisions
CORRECTED MARCH as.

CORRECTED MARCH 2s. Bacon-i Nc.
 Dry salted sides, l0&c. Lard-Tieurces. leaf ic; compcand. EXC Meal-60465c ei bushel. Oats-White. 52c; mixed. 5oo. Corn-White. Csc; mixed. 64c per bushel. sal,-hiverpoo. e6c sack; Virginia. %7c, Michigan. 280- pound barrels. si.So. :shc.
 syrup-Fancy. 4oc: reboiied. soc; Georgia cane. S5c.
 Flour-Patent s42s84.s5: straight. ss.so G39o per Dbl.
 sugar-Granuiated. 5h; Y. C.. %Ao; cut ioat. RA C0ntR
The Montgomery advertiser., 1903-04-04
New York Dry Goods.

NEW YORK, April 3.-An advance of I.ons- dale has been the feature of the dry goods market today. Other lines of bleached goods remain firm and the market in all sections is firm Ofers are being made below the market but in the majority of cases no concessions are obtainable. It is a quiet condition with the margin of profit very small to the manufac-
The Montgomery advertiser., 1903-04-04

prices down until the active months were 3G6 points above yesterdays closing. When the market closed today the net gains were May points, June and July each. August and September 2. while the other positions were at last evenings closing figures.
The Montgomery advertiser., 1903-04-04

sAvANNAH-Turpentine nothing doing re- eeipts IFS; sales none; exports 100.
 Rosin-Receipts 7sl; sales none; exports ]. 422. Quote: A, B, c. D, E, 2.05; F, 2.l0; c, 220; H. 2.4O: I. 2.s5; K, 3.2O M. 3.4o; N. a5o: win aow glass 3.60; window white 3.75.
The Montgomery advertiser., 1903-04-04

CHARLEsToN-Turpenti nothing doing
 Rosin-Nominal A, B, c, D, E, I95: F, 200 c. 2lO; H, 230; I. 2.75; K, 3.10; M. s.3o N l50; window glass, 375; water white, AIS
The Montgomery advertiser., 1903-04-04
New Orleans Sugar and Molasses.

NEW ORLEANS. April 3-Sugar dull; open kettle 2%G3A; open kettle centrifugal 3hG3& . centrifugal whites 4h; yellow 3ssQ4; seconds sh@3h
 Molasses-Open kettle. nominal, 13d26; cen Gifugal eqis; syrup nominal. 1924
The Montgomery advertiser., 1903-04-04
Naval Stores.

WILMINGTON, April 3.-Turpentine-Dull, tominal; receipts 32 casks.
 Rosin-Firm. l96; receipts 7l7. Crude turpentine-Firm. 2.l0Q4o0; receipts R
 Tar-Firm. L65; receipts 2ss.
The Montgomery advertiser., 1903-04-04
The cntton Movement.

NEW YORK, April S.-The following sta tistics on the movement of cotton for the week ending April 3, were compiled by the New York Cotton Exchange:
 Weekly moXemarlt- This year. Last year.