davidaulloa/AmericanStories huggingface dataset:
The Montgomery advertiser., 1903-12-18
c. B. Fierce 6 Co.'S Cotton Letter.

A6y ETIVoN0 WlfS HTOrn V. W. Lee O OO.I
 NEW YORK, Dec I7.-Very few expected % radical a change in the cotton market over night. It came when least expected. as. these things always do. Liverpool started the bah by advancing about l2 points, Following the upturn of yesterday, this carried the price wayi out of line. There was nothing for the local price to do but go up. This it did with a bang and though May sold at i2.60 early in the day and then at l2.7o. 1t later on passed t2.60. Tn New Orleans July sold at practically l3k., Now there is not likely to be any impor- tant change in the cotton market long as New Orleans can sell E cent over New York This is big difference and New York cotton will not be C safe short sale as long as this continues. In the face of big receipts. talk of a biz crop and all that sort of thing, the mar ket today sold higher than before this season. Why? Because spots are all hG% higher on active demand. There is no going beyond the returns. There they were and shorts had to cover. But while the demand for cotton could De given as basis of the advance, other factors ~eregaJ work Shorts sold at l2A and I2M There was nothing to do at l2% but cover The Bank of England could net buck a mar. ket of this kind It has been the same story Since 10 cents. We cannot change our ideas pn the cotton situation. but cannot at the Bame time regard profit taking sales any thing. but a policy of wisdom. We say take brohts because the majority are long and have profits to take Price is high and the man who takes profits up his load and Is then ready to buy on smashes.
The Montgomery advertiser., 1903-12-18
Marine News.

KEY WEST-Arrived steamer shinnecock Rowland. Miami; cruiser Baltimore, Port Royal; gunboat Castine, Port Royal; tug Mas sasoit, Tortugas: schooner Mount Pleasant Sweating. Havana.
 JACKSoNVILLE-Arrive bark Andy (Nor J Christophersen. Barbadoes Sailed. schooner William H. Albury, Russell, Hopetown; Effie (Br.l Russell. Nassau.
 NEW ORLEANS-Cleared, steamers Ala. bama (Ger.). Koopmann, Bremen: Acanthus tbr). Allan. Antwerp; Marseilisborg tDan.) Anderson, Aarhuss; Breakwater. Rivara, Puerto Cortez; Rathlinhead (Br.). Moore Bel fast; Wilster (Br), Grahl, Copenhagen. via Pensacola
 PORT EADS-Arrived, steamers Fl Elba, Quick, New York; Rosina (Br.). Hurry, Ceiba Sailed. steamers Kingswood Nor), Toyen Pensacola; Excelsior. Withey. Galveston Breakwater, Rivara. Puerto Cortez: Calves ton (Nor), Bryde, Port Arthur; Dinnamare 6t.N Pensoe. Genoa, via Norfolk; Colombia (Nor.), Hertzberg, Livingston; Gottfried Schenker (Aust.), Cherubini, Trieste
 MOBILE-Arrived. steamers Espana (Nor j. Davidson, Puerto Cortez; Habil (Nor), Gund. Andersen. Port Elzabeth.
 NEW YORK-Sailed. La Favole, Havre
 ANTWERP-Arived, Rhneland. Philadel- phia.
 LIVERPooL-Arrived, Cambriamau, Port land Nordland, Philadelphia. Sailed, Repub- lie. Boston.
 GLASGOW-Arrived. Hungarian, Portland.
 GENOA-Arrived, Hesperla. New York
 CHERBOURG-Sailed, Kon Prinz Welheln, New York.
 LoNDoN-Sailed. Minnehaha, New York: Anaris. San Francisco.
 QUEENSTOWN-Sailed, Cedric, New York
 NORFOLK-Arrived. steamers Katahdin. Chisholm. Mobile: Jacob Bright Anderson Mobile and sailed for Rotterdam and Grange mouth; Penrith, Castle. Galveston.
The Montgomery advertiser., 1903-12-18
Treasury Statement. WASHINGTON. Dec. I7.-Treasury balances e227, ,076, 7oo; gold, SI It63S3,6I5.
nhsnnan Grain end 1roxisiona.

CHICAGO, Dec. I7.-Increased export busi- day in the face of duilness suggesting tho hoii- days. May wheat closed at yesterdays figures May corn closed h9kc lower. Oats lsc on and prfovisions firm; 69I7hc higher. .,- far. feeling reported from Liverpool. Some em- phasis was added by small receipts in the Northwest. The firrnness in the foreign mar ket was partly due to bad weather in Argep- tina, but a cabfegram to Chicgao commits sion firm from Rosario said that the weather was improving and that little damage had been done to the crop. At the same time the bull interest here manifested tendency to dispose of holdings. This fact exerted considerable influence on small holders. As result Of the combination of circumstances, a good deal of long wheat came out and an easier tone de- veloped, May selling off to 6ih9oiA after opening . shade lower to a shade higher at reached shortly after the opening when May touched 0i% The market held steady at the decline for @ time and during the latter part of the session better tone was manifested on reports of an active export business Forty five boat loads were reported taken at the sea- board consigned to Lisbon The cash business showed marked improvement and this helped with May unchanged at eIS@elh Clearances equaied 26s. 800. Minneapolis, Duluth and Chi- eago reported @so ,scass. against GA last week and 62i year ago
 Corn did not hold up as well as of late Opening prices were a trife higher on a fair commission house demand due to firm cables and 6 good export business The weather con- tinued fine and there were some messages from the West which stated that the roads were in excellent condition. After opening q shade to xDAc higher at 43Av@t3K, May sold between 43ss and 43K. closing at 43h. Receipts. l2S cars, one contract
 After q steady opening, oats eased off in sympathy with corn. The larger part of the trading was of a scalping nature. Local bears were not inclined to sell much owing to the continued small receipts. Prices showed little change. Ma yranging between 36&93e% and S7. and closed at 36kG3s%. Receipts, I2S cars.
 Hogs were in much smaller supply than ex- pected, which, resulted in a good deal of oov- ering in provisions by local shorts. There was also a good demand from English houses. Packers were moderate sellers. May pork closed I60I7Hc higher at SII.771k9I 1. 30; May lard was Sc higher at S6 671s and ribs 7h0I0c higher at 6.271h96. 30.
 Th0 leading futures ranged as foll0ws1
The Montgomery advertiser., 1903-12-18
WALL STREET. REVIEW
TRANSACTIONS ooMoEsrED IN A FEW SPECIAITIES.
Reaction in Copper at the Latter Part of the Day Effective in Re- |, 4ducing LevelScf the {,
 Whole List.

NEW YORK, Dec i7-Todays quiet stock market was not materially different in char acter from that of yesterday. The transsc- ttons were largely conducted in few spe- cialties and the dealings in these were sup- posed tp have their origin in the board room The speculation in Amalsamated Copper was stlll active and the stock was the vehicle for a large part of the operations of the profes- sional traders. The large foreign demand for copper was assigned as the motive of the buy ing The stock reacted sharply. in the latter part of the day and this was effective together with the weakness developed in Brooklyn Tran cit in forcing the whole list to a lower level. The selling of Brooklyn Transit was quite obviously profit taking on the recent consid- erable rise in the stock with c large specula- tive following. Sugar was also sold to take profits on the enactment of the Cuban reel procity treaty. As the stock has moved up- wards for many days, in expectation of this action. the movement to take profits was fully business was done in United States Steel pre- ferred The stock was conspicuous throughout The understanding that the structural steel pool had agreed to maintain prices was favor ably interpreted and there was much current quotation of more hopeful views of the out look in the trade and auieted deniaIs of the rails. The days news had various favorable features, but the geenral stock list failed to respond. The sale of sIo.ooo 900 of Atchi- son ponds cost the stock point in Its price. although the awakened capacity of the market to absorb new bond issues was not . discour- aging factor. The incident was made the oc- casson for some renewed conjecture as to how far the increased facilities of the money mar ket which are expected to develop after the new year, will be encroached upon by re- auirements for railroad borrowings. The ster- ling exchange market moved strongly away from the gold import point. Demand for re- mittances for year-end obligations continued large and the supply of cotton bills showed some diminution. The indications of . strong bank return on Saturday and the promise of easing money conditions deprived the fnoye- ment in the exchange market of any disturb ing influence. The reported intention to shut down anthracite production for the week of the holidays was looked upon ss evidence of the continued unfavorable condition in that trade and the coaiers were somewhat pressed Tor sale. The rate of increase of railroad groas earnings for the first week in December for roads thus far reporting has risen to near 6 per cent. compared with Q rate of increase of less than per cent for the fourth week in November compared with last years corre- spending proceeds
 Bonds were about steady Total sales (par yalue). l.6oo. 900. United States bonds tin- changed on call.
The Montgomery advertiser., 1903-12-18
Nex- Orleans Shot Cotton.

NEW ORLEANS, Dec. I7-Spot cotton con tinues active and firm with urgent demands from all quarters. Buyers were out in force and bought cotton freely at t above yester- days board level. Sales, $50 bales, incud- ing 2,7OO to arrive and 800 f. O. b. terms; de- livered on contracts, 400. Quotations l4c higher.
 Futures opened excited with prices 2o92s points above yesterdays closing caused by the extraordinary conditions in Liverpool spots. they being up Is of their points and futures had advanced l4@lS points. In the local mar ket shorts stampeded to cover and prominent bulls heavy buyers Private advices from Liverpool stated that the continent, AL exandria and New Orleans were all heavy buy CTS. A small failure was reported in Bremen and shorts in all parts of the cotton world we've said to be in an agony of fright over the situation. Their hurry to cover bore out this statement In the local trading January opened up 29 points at l2.64, receded to I2.5l and
The Montgomery advertiser., 1903-12-18
Caldwell & wards Cotton Letter.



 tOver Private Wire From H. & B. Beer.l |
 NEW ORLEANS, Dec I7-Failures in Havre and Bremen and predictions of a sharp falling on In receipts soon, influenced Liverpool ia. vorably and our market in sympathy opened 2i429 points higher. Realizing shortly after caused a recession of 56I3 points from the top. but the good demand for spots soon brought In a buying wave and forced an ad- vance of l9@22 from the bottom, making the net gain 35I3e points on the day. It is claimed the failures reported in Havre and Bremen today were brought about by Ameri- can sellers of spot cotton detaulting to these European buyers. It is also rumore1 from Houston that psrties in Texas, have iaid down oh about 4o.0oo Bales Of spots which will have to be bought on the open market The fact that many sellers of cotton to spinners cannot carry out. their icoptraets and that there are considerable December shipments to be made has led many to buy heavily in anticipation of much higher prices. Advices generally from the Interior are to the effect that a perpendicu. lar drop in the receipts will be realized in the near future and these parties claim there is very little spot cotton left in the interior un- sold. While the movement continues heavy 1t is ignored for the moment. as the majority Of operators believe the long g-Iooked-for marked decrease will soon materialize. In the mean While, with the extremely optimistic senti- ment prevalent as long as there Is a brisk demand for spots. the chances are values will be maintained or enhanced further
The Montgomery advertiser., 1903-12-18
Virgin 6 Faunee's Cotton Letter.

NEW YORK. Dec. l7-Cables displayed a firm tone today. much to the surprise of local observers. Investigations showed that the strength abroad was due to a scarcity of shorts on--the other side. Bull aggressiveness was also noted in the local pit and the feeI- ing prevailed that certain bull cliaues were again resorting to manipulative tactics First prices here were at advance of I7d27 points and the various fluctuations caused the 1naEket to throw off the lethargy recently not ed+SMay and-July cotton made new high rec ;ords, and naturally there was lot of excit- Ing comment with refgerence to the general speculative situation. Liverpool interests were conspicuous buyers in the local market and the cables showed that they were also good buyers on the other side. On the better levels there was scattered selling for profits, but gener- ally the cotton coming out was we'll taken and firm undertone prevailed for the most part
 The Southern advices closely watched
 but many of the reports were quite conflicting
 The market as a whole continued active throughout the day. The estimated port re- ceipts were 1000, against 4o.9o9 for the same day last year
The Montgomery advertiser., 1903-12-18
Caldwell & wards Cotton Letter.

lover Private Wire From Miller & Col
 NEW YORK, Dec. i7.-Thc advance in Liv- erpool this morning was a great surprise and showed the handywork of the New Orleans bull, crowd Buying orders poured in from the continent and Egypt which frightened the shorts who. rushing to cover. ran prices up New York accepted tho situation very conserv- atively and has held strong during the day. with an upward tendency. closing about the highest price. If there has been any doubt, as te the power of the bulls and their firm con- viction in thoir position, 1t should be dispelied now. as the advance has been of very easy nature and showed confidence in the shorts. It was not generally believed this movement would come while trade was light, but rather hold or until the holidays. With the price of spots holding as they are and the support we would favor the long side.
The Montgomery advertiser., 1903-12-18
Warsheussmen and Cotton Brokers.
AND CoLLrsEUx WAREHoUsTA
.-7 El tg D E N .
Proprietor

tinent, resuitine ffom inability to get cotton at their contract prices, started shorts cover. ing in sn eager fashion and established a sharr advance. The rise here was gradual, but ex- tensive. A broad demand absorbed offerings and prices climbed point by point until new records were made. An improved inquiry foI spots was followed by large transactions at ex- irene quotations. All talk about curtailment by spinners was accordingly ignored and bullish sentiment was strengthened to a greater extent. Expectations of an early drop in the movement are freely expressed and should they be duly realized in the present temper of the trade 1t would not be difficult to judge the consequences. Meanwhile opinions more or less guess work.
The Montgomery advertiser., 1903-12-18
A. B. Raxtsr & Jo's Cotton Letter. a rIi ,Hv. prfVaAal 1nnaaA yrirn

2 NEW YORK, yDees5 Z,--The Liverpool market
 Prices snow1d a sharp advance when we opened The rise there at tho time of our opening was " points for futures and l6 point7 for spots. Shorts were panic stricken for the time, being and local shorts were quite nervous. although the movement was on a very liberal scale. But the volume of receipts count as much and great falling off is re- sarded as certain before many days. and if not realized the world will absorb all the cot ton that has been raised for l9O3-04 The tendency of spot must ultimately compel mill operators to. yield. and the market regardless of rtfling prices. The market was excited at the opening. Some months were 25 points higher. shorts were buying and long buying was on a larger scale sharp decline In the movement within ten days was published by leading firms. A much higher market was looked for by commission houses as a rule
 Receipt sat all ports were estimated at 49 . 900. against 4I,ooo last year. It was felt that We have posted the top notch of movement Tor the season. Cables were ll@I2 points higher at the close. Sellers to mills were de- poralized and unable to i'll their contracts.
The Montgomery advertiser., 1903-12-18
caldwell 6 wards Stock Letter.
Q. Q. Abercrombie. Manager.

lover Private Wire From Miller Col
 NEW YORK, Dec. fz.-rhe market closed irregular, although it looked heavy to me There is no public interest anyhow, whether goes up or down. We hear a great deal about the Northern Securities decision, but I faces turned towards the next presidential elec- ton. People are foolish to be frightened by such bogies with stocks comparatively on the Is to be made in buying the railroad stocks on weak days. The equipment stocks are strong on the theory that the railroads arc borrowing money to spend for additional euuip- ment. We think tonight the loan crowd is go- ing to show a bigger short interest than for some time and we think all the money is on the long side.
 New York Stock List.
The Montgomery advertiser., 1903-12-18

advance dto I2.73; March opened 22 points up at I2.e9. receded to l2.s2 and advanced to 1902; May opened up 2I points at i2.ee,
 receded to l2e e4 and advanced to l7; July opened up 22 points at 1910. receded to IS.o4 and advanced to i3.3o The fluctuations were wide and frequent and the trading heavy. The of the top notch of the day, the net gains being 34d4l points
The Montgomery advertiser., 1903-12-18
New York cofRes and suear

NEW YORK. Dec I7.-Cofree-Spot Rio, steady; No. 2 invoice, Il-i6; mild, firm
 Sugar-Raw firm; refined. steady.
 The market for coffee futures opened steady at an advance of 59lo points and afterwards sold up to e level net 20@3o points higher on buying by Wall Street bull interests and cov- ring of shorts following sharp rally at Havre and bullish news concerning the crop which was considered full offset to continued full receipts and rather easier primary markets. Toward the close there was somewhat of Q re- action under realizing but the market was finally steady. net Io@2o points higher. Sales.
The Montgomery advertiser., 1903-12-18
Iocal Cottnn Marhat

The dullness of the market for the past few days came to an end yesterday, the future market opening at considerable advance and after midday advanced about 20 points more
 In the local market sales were made at I2 cents before noon. but on the close mddling was quoted at l2Bc.
The Montgomery advertiser., 1903-12-18
Have you started to read

Have you started to read La za~re." the serial story now run ming in The Weekly Advertiserp It's a good one. Back numbers, containing first chapters, will be mailed on application. Subscrip- ton rates to The Weekly Advertiser $1.OO a year, 50 cents, six months; 25 cents, three months.
The Montgomery advertiser., 1903-12-18

Cash quona.ions were as follow1: Flour-Dull and easy.
 No Spring wheat s2; No. 3. 77aso; N, 3 red, 9I1sGe5h.
 No 2 corn. AZ: No. 2 yellow. A5. Mo- 2 oats, 37; No. white. 36G39. Mess pork. per bbl.. $I 371a@ I.5o. I.ardh per 100 lbs. SC. 378@6.4o. Short rib sides 0oose). S6@626. Short clear sides (boxed), SC. 26Q6. .37h, Whiskey, basis of high wines, Sl.27.
The Montgomery advertiser., 1903-12-18
c. E. Pierce 6 Co.'S Cotton Letter.

LBy Fr1Vate WIre From UIb9rt N CIay.J
 NEW ORLEANS, Dec. I7.-Liverpool shook Sff its lethargic disposition and took a little exercise today. The incentive was derived from predictions of early falling of in receipts. which. in conjunction with the failures Of manufacturers in Lancashire and on the con-
The Montgomery advertiser., 1903-12-18
NAw orleans aurar.

NEW ORLEANS. Dec. i7.-sugar-Steady: open kettle. 2%93; open kettle centrifugal 3 3-le@3h; centrifugal whites, 3%93 i3-l6; yellows, 3K93 il-i6; seconds, 2h93is.
 Moiasses-Quiet; open kettle, 22d29; cen trifugal, 7@23.
 Syrup 25@29.
The Montgomery advertiser., 1903-12-18
NAw York Drv 0oods.

NEW YORK. Dec. l7.-The dry goods mar ket is appreciabiy frmer and in sympathy with the continued upward course of the cotton mar ket sellers are holding for the full advance Exceptions may be made to this in quotations which have been made in certain instances which are generally recognized as fictitious and not representing the real strength of the market.
The Montgomery advertiser., 1903-12-18
Naval Stores.

WILMINGTON. Dec. I7.-Turpentine-Noth. ing doing; receipts, 72 casks
 Rosin-Firm at S2 10; rAoetptS 7e. Tar-Firm at Sl.7o; receipts. 7e. Crude turpentine-Firm at S2.2593. 90; re- ceipts, 23.
The Montgomery advertiser., 1903-12-18
SAVANNAH. Dec, I7.-TurpenA,u

SAVANNAH. Dec. I7-Turpentine- Firm at 6eK: receipts. 3eo; sales. Iee; exports. ol.
 Rosin-Firm; receipts. l.279; sales 2.24ei s2.e5; H. S2. 3s; I. S2 .6S: K. @ 80; M. S2. 90; N S3. o5; window glass. S3.25; water white, e3.5o.
The Montgomery advertiser., 1903-12-18

Cincinnati Provisions. CINCINNATI, Dec. t7.-Flour-Steady Lard-Steady at S6. .I71s. Bulk meats-Easier at S6.25. Bacon-Steady at S0. Whiskey-Firin at Sl.27. Sugar-Easy.
The Montgomery advertiser., 1903-12-18

Herbert-Nice wedding, wasn't if? Amelia-No! It was horrid. The preach. CT wasn't more than fifteen. minutes mar rytng them.-Chicago Tribune.
The Montgomery advertiser., 1903-12-18
gk. Louie Prov4sions

Bk. Louis Fr0V15lons. ST. LOUIS. Dec. I7.-F1our-Dull. Whiskey-Steady at $l.3lM. Pork-TngheT; jobbing. II.775k Lard-Higher at S6. 37k. Bacon-Steady: boxed extra shorts, S72b; clear ribs, S7.5o; short clear, $7.75.
The Montgomery advertiser., 1903-12-18

CHARLESTON. Dec. I7.-rwpentine-Stea at 55h
 Rosin-steady: A. B, c. D. F. r. S2. 10: C. S2. l5; H. $2.2S; l. SPAS; K. S2.7o; M g 30; N. S2 e5; window glass. S3.i5; water
The Montgomery advertiser., 1903-12-18
Kansas City Live Stock.

KANSAS CITY, Dec. i7.-Cattle-Receipts. 6. 500 including 50 Southern; market steady to loc higher; export and dressed beef steers steady to Ioc higher.
The Montgomery advertiser., 1903-12-18

: New Yoslk Stock List.
Arizona silver belt., 1903-09-17

A Washington correspondent ayers that the republican leaders are all at sea and absolutely unable to agree on what legislation is necessary by the coming congress President Roose- welt demands that the Cuban reciprocity treaty must first be attended to, and says he will call an extra session of congress for that purpose. The re publican leaders in the senate are all opposed to reciprocity legislation, and Senators Aldrich, Platt, Depew, Hanna, Quay and Spooner have all advised him not to call an extra session this fall, and they are all opposed to his policy. There is like division of sen timent on the necessity for financial Legislation, and even those who desire a change in the law are hopelessly di- vided in the scope of the alterations that should be made. On the trust question the president has declared for publicity, but he is powerful slow in putting it into operation, and a majority of the republican leaders are for let. ting well enough alone, so antitrust legislation will be at standstill. There is respectable minority of the party in power who believe in some sort Of tariff changes, and who are beIng pressed by their constituents to that end, but they will not meet with any success, unless they work in harmony with the democrats, which they will not do.
Arizona silver belt., 1903-09-17

In view of the disquieting rumors in connection with the National Irriga- tion congress at Ogden, predicting serious dissensions among the delegates, is it net pertinent to inquire Has not the National Irrigation congress ou'- lived its usefulness With the enact ment of the national irrigation law, it would seem as though the irrigation congress had fulfilled it's mission. True, there are questions more or less intimately connected with the subject of irrigation which require elucidation, and it may be to promote the benef- cent operation of the national law oth, CT legislation may be desirable. But the danger to be apprehended from the continuance of the irrigation congress, now that the government is actively engaged in the work of reclamation, is that an o'erweauing desire for gov. ernment favor by rival states and sec. tious is very apt to engender jealousies which will more than counterbalanct any good to be expected from it's de- Alterations. Better abolish the irriga- tion congress