davidaulloa/AmericanStories huggingface dataset:
The Montgomery advertiser., 1903-12-29
Caldwell 0 ward's Cotton Letter.
c. e. Abercrombie, Manager.

rOver Private Wire From H. &s B. Beer.l
 NEW ORLEANS. Dec. 2s.-Liverpool was from the continent and Egypt. Our market in sympathy opened from 2S to 46 points higher and subsequently, improved 6G25 ad- dltional on the firmness of spot holders. Li- oxidation, however, set in about this time. causing decline of loQl3 from the highest reached. Notwithstanding statistics were bear ish, another buying wave came in, ocasioning an advance of points from the bottom January and 23G3l on the later months, mak-
 ing the net gain 52q55 on the near options and 6S973 on tn elate The amount brought into sight during the week 376,00o, against 39I 900 last year, and the total mar keted from Sept. Ist to date has been 6.522 900. against 6,435. 900 last year. The total visible supply of all kinds during the past week increased l74.ooo. against I3o. 900 last year, of which the American increased l4S.- 900. against SS, 900 last year. The total visible supply of all kinds is now 399o 900. against 3,796, 900 last year. and the aggre- gate visible supply of American is 3, 266 900, against 3, 900 last year. The movement on its face points to a crop of lo,9l5 900. The visible supply of American is l57,0O0 in ex- cess of last year The spinners' takings of American cotton from Sept. lst to date are 33 .000 under last year. indicating a sumption of 10 529, GOO on the face of the talk ings From the above 1t will be seen that sta tistics far do not bear out the claims that the crop will be 10000. 900 under and that there will be an insufficiency for the worlds requirements Notwithstanding facts do not corroborate the optimistic views circu- lated. the market has acted as if they did and values are consequently from 562 to 6l4 points higher tban they were last year for the corresponding period. even though the statistical situation grows weaker from week to week The question arises how long can theories offset facts? This has been a re- markable season and even one seems confident that all that is requisite is to buy cotton at any price, because it Is going much higher Up to the present those holding such views have been wonderfully successful still there must be a limit reached which will discount all bullish arguments. Sentiment continues extremely bulsh, and supporting orders are apparent on every recession: therefore any en- couraging feature may be instrumental in fore ing prices higher.
The Montgomery advertiser., 1903-12-29
New York Cotton Future.
Daily Cotton Market.

NEW oRLEANS-Buyers and sellers apart sales ,45o: ordinary, 10 l5l6; good ordinary. l2A low mlddling, 1874; middling. I3%; good middlng. l3 l3-l6 middling fair, I43 SIS; receipts, 23, 5s; stock. 37o.359
 GALVESTON-Holday; receipts, I2273; stock, 252.23I
 MOBILE-Nominal; middling, I3; sales, 100; receipts, l.629; stock, 5l.754.
 SANANNAH-Firm: mlddng. I3h: sales. l,2l0: receipts. I2 l22: stock I32 54O
 CHARLESTON-F1rm; mIddling, l3&; re- ceipts. l6o; stock. lS. 662.
 WILMINGTON-Holiday; receipts, 2Ie6; stock. I6.oI4.
 NORFoLK-Middling. S%; sales, 900; re- ceipts. 6. 900: stock 3I,5Ie S72s. ''''N'
 BOSTON-Holiday
 PHILADELPHIA-Firm; middling I4a5; receipts, 946; stock. 55SS
 ST. LOUIS-Firm; middling. I3&; sales, 3o3: receipts. 2.62l: stock, I7.329.
 NEW YORK-Quiet; mddIing I4.IO; gross receipts, l2.925: sales. 4, loo stock. 76 342; exports to Great Britain 53; to the conti- nent. 1850.
 Total today-Net receipts. s6, ,s75: exports to Great Britain. 653; to France CO.'S; to the continent 3.399: stock 97I.733.
 Consolidated at all seaports-Net receipts 693I2; exports to Great Britain, 6S3: to France, l7,oo6; to the continent. I2,477; to Mexico. I,24I.
 Total since Sept Met receipts. 5o25 eeI exports to Great Britain. l,46I.667; to rFance 5l 3. 26o; to the continent. 1886 o53; to la pan, 2l ,94S; 10 Mexico, l9 369.
The Montgomery advertiser., 1903-12-29
Virgin 6 Faunce's Cotton Letter.
 TBY Private I.Aasad Wirn

NEW YORK. Dec 2S.-Further excitement Was noted in the cotton future market today. New high records were made much to the dis may of shorts and the latter at times were quite nervous. Some of the stronger bears pushed their cause to the best of their ability. while simultaneously quite number of timid longs who realized that the bull movement was being carried along sensational and dan gerous lines. ran to take profits the better 2503I points. The strength was based on the English cables which were much better than looked for. The private cables ascribed the foreign strength to Continental Egyptian and American buying and naturally such news had the effect of soaring the bears. Excitement and activity ruled to a more or less noticeable degree throughout the day. There a tre- mendous business for the account of the South and orders were received in large volume both sides of the account New Orleans in- terests were disposed to support the market; in bearish circles. At times during the day the realizing a heavy scale and prices showed, the effects of sales for the account of strong interests. Hence it was freely asserted that the bull forces were reducing their lines under cover of the fear among shorts The advices from New Orleans in the latter part of the day rather conflicting. Although some houses received word that with little ef- fort the part of the bull interests prices could have been pushed and above the IS-cent mark. Under the circumstances the the advance in measurei The statistics gen. orally were about as expected. The estimated port receipts were 60. 900. against 59. eS2 for the same day last year. The insight for
 1903. 375.765. and for 1902, 39o, 596. and for 1901, 594, ,7S9, and for 300, 369. 756.
The Montgomery advertiser., 1903-12-29
MARKETS FOR FUTURES
HIGHEST PRICES FOR MANY A
 YEAR ARE REACHED.
Wildly Exciting Time on the New York Exchange-Close Net 4S to 60 Points Up on
 the Day.

NEW YORK, Dec. 2s-The cotton market opened strong at advance of 2385I points following sensationally higher cables, The de- velopments in Liverpool proved a genuine sur prise to the local trade and from the very start the market ruled abruptly wild and ir- regular. After the opening there was a set- back Of lo9i5 points under realizing and during the forenoon the market ruled very ir- regular within a few points of that level, but in the early afternon prices were again sharply rallied by fresh influence of buying orders from New Orleans and all the months reached with witt January seIiins at Is.ss, March at "A. ia, May at l4.26 and July at l427. Adding to the extraordinary excitement and confusion, 1t was reported that New Orleans bulls had and had set out to gain control of the remain der of the crop. if necessary, with the Idea of demanding extreme prices from the world rumorB as this in the already excited state of popular sentiment joined to reports from all over the South that interior spot handlers were having difficulty to secure supplies either as a result of approaching exhaustion or the oullishrness of holders completely overshadowed apprehensions to the Far Eastern situation and the probable attitude of mills in respect to this latest advance. The bullishness of sen
 timent also encouraged by the big falling of in interior receipts when the full movement
 to the ports concluded to mean nothing more than continued export demand, though ex- ports for the day were small. Southern spot markets were generally firm to 4sc higher and the New York spot market was marked up to "A. 10 for middling uplands The advance in spot cotton in Liverpool was equal to 56 American points and the strength in futures there was variousy ascribed to covering. buy ing by continental and Egyptian operators and manipulation by the New Orleans bull tingent. Toward the close there was enough realizing to drop prices point or two but the list was finally firm, net 4Sq5e points higher. Sales were estimated at 200 GOO bales Re- ceipts at the ports today 56, S75 bales. against 55, $50 bales last week and 39 e92 last year,
The Montgomery advertiser., 1903-12-29
New Orleans Spot Cotton.

NEW ORLEANS. Dec. 26-In the spot cot ton market buyers and sellers far apart in their views to prices that business almost at a standstill Sales. 45o bales
 Quotations advanced % in response to the ad- vance in Liverpool and New York and the sharp upward turn in futures. After three days of rest the future market opened this morning with a boom. Shorts covered freely and the volume of fresh buying by longs was heavy On the first call prices were 2sG5o points higher than Thursdays finals. In the trading January opened 2S points up at 1870 and sold up to 3.97, March was 43 points up at
 l4.24 and sold up to I4.4o. May 46 points up at l4.46. selling up to l4.7o July opened 50 points higher and sold up to IA 96. After the initial advance of the morning there was a recession of some 10 points. which was fol- lowed by recovery that brought prices up to the highest levels of the morning again. The market showed some nervousness. but the un- dertone was very firm at the close. the list showing net gains December of 50 points January 52, February 57. March 5e, April GA, May 6s, June and July each 73, the more distant the positions the larger the gains.
The Montgomery advertiser., 1903-12-29
c. E. Pierce 6 Co.'S Cotton Letter.


 !, NEW ORI, Dee 2e-The quotation records furnished /. evidence of stampede amongst shorts in Liverpool today, the cables modestiy attributed the enormous advance to heavy buying for account of continental and Egyptian operators The prospects for a light CT weekly moveemnt was possibly responsible Tn large measure for the run away. Any remorse that domestic bulls may have suffered from over-indulgence fin Christmas festivities was doubtless instantly dispeIled when Liver pool adyices were scanned. An initial rise of about 50 points here was substantially main- tained and the demand seemed to be unlim- ited-1rWar news assumed a more serious as- pect. but in the rush to buy. all outside con- alterations were ignored. If the crop is as short as bulls contend, higher prices will doubtless be justified, but at the moment there are features that call for serious attention be- sides the size of the crop. The fact that the visible supply of American cotton gained rela- lively 6l 900 bales during the week. while the amount in sight fell about I4. 900 bales under last year indicates that the high price Is having some effect on requirements for con- sumption. The takngs by spinners amounted to 228, 900 bales during the week. versus SOL = 900 last year. Then 1t should also be con- sidered that there is little speculative inter est in existence the short side Thus should declaration of hostilities in the Orient or any other cause. precipitate general selling. the market would require strong and constant support to prevent a fearful break. In such circumstances it is best to reduce commitments to a minimum The short side Is overhowing with danger and pulling cotton at l4. 50 Is too serious to contmplate trivialy
The Montgomery advertiser., 1903-12-29
WALL STREET REVIEW
COMPREHENSIVE ADVANCE OF
 PRICES IS SCORED.
Reaction on Profit-taking in the Last Hour is Followed by Recovery
 and the Close is Firm .-., - at Advance.

NEW YORK, Dec. 20-Beginning in a some- what irregular and uncertain way today stock market gained strength and breadth ana made, a. comprehensive advance in prices. A reaction on, profit taking in the last hour was followed by a recovery and a firm clos ing. although prices were not at the best all of the. day was not very convincing. owing to the character of the stocks which made the most brilliant movements. most of them being rarely seen in a conspicuous place in the mar ket and the wide movements in their prices being effected on light volume of dealings The electric stocks high-priced coaers: United States Express. New York Air Brake. Realty preferred North American, Colorado Fuel and some of the stocks of eminor railroads were amongst m those which moved upwards % from from come the position of the rest of the market caused by the threatening outlook in the Far East and by heavy loan expansion, disclosed by the bank statement published on Satur- day. while the Stock Exchange was closed. The market turned definitely upwards when the announcement was made of gold engage ments in London for import Succeeding en- agreements brought the total for the day up to Si,700. 900 and this the persisting in- huence in lifting prices of the more prominent stocks overcoming the doubts caused by the bank statement. The loan expansion was gen erally attributed to corporation borrowings and was supposed to be the forerunner of new issues of securities. such as the $40 GOO 900 of Lake Shore bonds offered for sale. The of fering price of 99 for this high grade per cent bond was interpreted expressing the opinion of the banking community that the 4 per cent. rate for time money Is likely to be the minimum for a considerable time The report made by the Lake Ehore in connection with the new bond offering of it's holdings of subsidiary stocks, especially of Readings. a bulllsh influence upon the stocks and also on New York Central, which rose more than 2 points. but lost l point of the rise. St. Paul made an upward rush of 2M with an important effect professional sentiment which is in- clined to draw conclusions as to the markets attitude of important interests from the move ment of this stock. The feature of the closing market was the jump of 2h points in United States Steel preferred on very heavy takings Speculative inquiry was very alert for light on the showing to be made by the corpora ton in its report of earnings for the past quarter, which is expected to appear. during the first week in January. Until its appear ance speculation in the preferred stock is ex- pected to be active.
 Bonds active and firm. Total sales SAYS 900. United States bonds unchanged on call
The Montgomery advertiser., 1903-12-29
A. B. Baxter 6 Co.'S Cotton Letter.
 .Iar Priuntn Ien.oA HNir.


 NEW YORK, Dec. 29.-Liverpool reported a skyrocket advance this morning. Higher prices were looked for, but nothing like the rise which occurred. The situation calls for no special comment. The cotton world Is begin ming to recognize the changed situation and is preparing to act accordingly. The raw ma terial has sold at a point compared to which the present figures appear simply absurd and yet the world did not cease to consume it. Mills everywhere. beginningto recognize the changed condition. and they felt that at IS cents above that they would be anxious to buy than at 10 cents under. The movement to date exceeds last year by only a trife and there be no doubt that we have witnessed the heaviest receipts of the season. The only question now is to what extent receipts will fall under last year during the next eight months of tn ecrop yield. First prices were 35n50 higher. May showed greatest strength and then most weakness. Profit taking the rise large to lead to a good setback, but on the whole sellers very shy and there was general reluctance to operate the short side. Cables closed IS422 up. Receipts at ports for Friday. Saturday and Monday were estimated at 5000. against 60 900 last year. Numerous reports were at hand of decreased receipts this week.
The Montgomery advertiser., 1903-12-29

of ie.ooo and an increase over the same time in 1900 of 1000 & -+5
 For the 25 days os December the totals show an increase oyer last year of lss, ooo; an , in, of 900 and over the same time in 1900 of
 For the 1Ie days of the season that have elapsed the aggregate is ahead of the lie days of last year 97. 900, ahead of the same days year before last iee,ooo and ahead of 1900 by lee. 900.
 past week has been 3z5,ze5, against 3eo,- 5e6. for the seven days ending this date last year. 3s4. 7eo year before last and 36e. 75s of December it has been l,53o,o66. against l.374953 last year, I.6I3 094 year before last and ,5ie664 the same time fin 1900 at all United Statea ports, 4.o49 ee5. against 4. .656 o2o last year, 4 64e, ,6lo year before last and {, 359. oi6 the same time in 1900; overland across the Mississippi, Ohio and Potomac Riv- CTS to Northern mills and Canada, 323. l26. against 523 323 last year. 666. 705 year before last and 6e4, 30 the same time in 1900; in- close of the commercial year, 46e ss, against 472, 23o last year. 536, iI5 year before last and 724,623 the same time in leo0:2 Southern yesh I % 7os. ss7 SesG .V before last % and s5e. e.oss the same time In 1900:
 These make the total movement for the l6 saa oes. asatnst 6, ,4s4.s4s last y year. ar ssss.- lo7 year befofe last and e,3s3.72e the same time in 1900.
 - Foreign exports for. the week have been 2o4.- SAY, against 223. .03 fSlast year. making the to- tai thus far for the seascn 5.562,224. against 3,27s.6 .6se last year, an Increase of 282. .525. 1. Northern mill takings and Canada during the past seven days show an increase of 26. o92 as compared with the corresponding period last year and their total takings since Sept. | have decreased 4e.67o.' sel rt, c . The total takings of American mills. North and South. and Canada thus far for the sea- son have been I.e97, 7oe. against I.7so.27I last year. These include 9o5.75e by Northern spinners against 955.437.
 Stocks at the seaboard and the 29 leading Southern interior centres have increased dur ing the week 33,45o bales. against an increase 66.73o and are now Iee SIS less thanN at this date in 1902. ..t ,. ',.
 Including stocks left over at ports and in- terior towns from the last crop and the num- Der of bales brought into sight thus far for the new crop the supply to date is 6.69o, ,666, year.
The Montgomery advertiser., 1903-12-29
Caldwell q Wards Cotton LetteS
 c. c. Abercrombie Manager.

lover Private Wire From Miller & Col
 NEW YORK, Dec. 28-Due to heavy buying orders from America. the continent and Egypt the Liverpool market opened up about 25 points higher than 1t was due to come this morning. In sympathy with which New York opened wild and excited at an advance rang Ing from 30 to 50 points. The fluctuations have been limited though the May option sold down from l4.20 to I4oI afterwards rally ing. the market closing up around the high prices of the day. Spots. which are undoubt- edIy the key to the situation, are reported showing an advance generally over the South from A to F, I4A being bid in Charlotte, N. C., and I3% in Augusta, Ga Conservative houses regard the situation as very dangerous. but it is not reasonable to expect any criti- cal break in this market as long as there is such a demand for spots. Higher prices are indicated for the near future and 5 cents is openly predicted for Jan. list.
The Montgomery advertiser., 1903-12-29
Worlds Cotton Takines.

NEW ORLEANS. Dec. 2e.-Secretary He's ter gives the takings of American cotton by spinners throughout the world as follows in round figures:
 Week ending Friday. Dec. 25. 22s, 900 this year. against 3oI .ooo last year and 265, 900 year before last.
 Total since Sept. [ this year. 3753 Oo0 against 4,os4. 900 last year and 3,752, 900 the year before. Of this Northern and "ona- dian spinners took 906, ,0oo bales, A inst 965, 900 last year and o6I 900 the ye. be- fore; Southern spiners. 7o2, 900. against g. o56. 900. against 2,334.ooo last year and g. 077,000 the year before.
The Montgomery advertiser., 1903-12-29

nave nothing to censure themselves for. Many may have larger paper profits but ~rhen the start comes it win not lot the holders out. The only way to get your money. out of cotton IS to take profits on the way up,s There h no question about the wisdom of this While the craze is on, get out. It may be there is an- other advance coming before a halt is reached. This does not change our determination to take profits while there is a. bull market on There is nothing in the past to go on. The greatest caution is needed By no means are we advising the short side of cotton. This is no year to short cotton. We do think that profit taking at the highest pricen since 1875 IS policy which cannot fall to appeal to common sense of every trader who wishes to live to make money some other day.
The Montgomery advertiser., 1903-12-29
0. D. Pierce 0 Co,e Cotton Letter.

IBy Private Wire From c. W. Lee & Col
 NEW YORK, Dec. 2S.-High prices for the season and for over a quarter of a century. There Is no change in evidence and the price As now getting that advances of half a cent are nothing. This cannot last always: you know that as well as we do It is no market to trade in without big margins and those who have taken profits at l3A, 3la and I3& cents
The Montgomery advertiser., 1903-12-29
New Orleans Cotton Futures. SE,M ORLEANS. Dec oA-Cnttnn fiitnl
Cotton Crop Movement

NEW ORLEANS. Dec. 29.-Secretary He's ter's weekly New Orleans Cotton Exchange statement for the week ended Friday. Dec. 25, issued before the close of business today. shows a decrease in the movement into sight compared with the seven days ending this date last year in round figures of l5.ooo. a de- crease under the same time year before last
The Montgomery advertiser., 1903-12-29

are growing firmer each day. Wide sheetings and A bleached are in the advances regis tered today, but buyers are still very conserv- alive. The current week is always a quiet one and little is expected of new business un- til after stock-takjng Is completed Jobbcrs are buster with clearance sales and fair number of buyers is being recorded from day to day
 New York Stock List.
The Montgomery advertiser., 1903-12-29
Liverpool Cotton Futurs,
LIVERPOOL. Dec. 2e-cotton futures opened nrmer and clnaad afeadv
Local Cotton Market.

The future market was very wild and ex- cited yesterday. closing in New York 5oa6o points up from the close Dec. 24th
 Spots are not following futures and there was nothing doing in the local market. Mid ding was quoted at I3kc
The Montgomery advertiser., 1903-12-29
Caldwell 6 Wards Stock Letter.
c. 0. Abercrombie, Manager.

lover Private Wire From Miller & Col
 NEW YORK, Dec 26.-The market closed strong. although the quotations were not at the top. There was large line of steel pre- ferred sold from a quarter that we generally have little hesitancy in calling good. The most conservative judgment in the street is ing in the event of any sutained advance in the stock market. It is noteworthy, however. that the market took all the stocks that London sold today easily. IS the loan quarter of the mar ket there was large borrowing demand for Pennsylvania and Steel preferred and we think the general short interest has increased today
The Montgomery advertiser., 1903-12-29
New Orleans Sugar.

New orleans Sugar. NEW ORLEANS. Dec. 2a.-sugar-Steadv: open kettle. 2%64: open kettle centrifugal 3-l5G3h; centrifugal whites. 3%@3 I3-I6 yellows, 3bG3 Il-l6: seconds. 2ha3h. Molasses-Quiet; open kettle, 2Od29; cen trlfugal dull at 7a2o.
 Syrup-Dull at 23q27
 New York Dry Goods. NEW YORK, Dec 26.-Prices of dry goods
The Montgomery advertiser., 1903-12-29
New York Coffee and suSar

Confectioners A. 4,3o; mould A. 47o: cut loaf, JOS; powdered. 455: crushed sos; granuated. 4.45; cubes, 47o
 Coffee futures opened steady, loQ20 points higher following higher European and Bra zillan cables and reports of better inquiry for spot coffee. January notices were out to the amount of about 5o.ooo bags but these
The Montgomery advertiser., 1903-12-29

St. Louis Provisions. ST. EOUIS, Dec. 2S.-F1our-steady. Whiskey-Steady at SI.3lh Pork-Higher; jobbing, Sl26o. Lard-Steady; steamer. S6 55 Bacon-Steady; boxedw extra shorts S72Ba clear ribs, S7 50; short clear. S7.75.
The Montgomery advertiser., 1903-12-29
NavaI Stores.

SAVANNAH Dec. 29.-Turpentine-Fi Firm at 56q56h; receipts. l,232;i sales, s35; exports, 34e.
 Rosn-Firm; receipts, 8, I2t: exports. 3,266: A. B. C. D, F. F. S2. 25; G, s2 30; H. s2. 35: I. S2.55 K, S2. 80: M S2 90; N S3 o5; win dow glass, S3. 29; water white, S3. 50.
The Montgomery advertiser., 1903-12-29

WILMINGTON. Dec. s.-Turpentine-Noth ing doing; receipts. 2 casks.
 ROsin-Firm; receipts, SOY.
 Tar-Steady at sI soc l.6o; receipts. 1885. Crude turpentine-F'irm at S2 25Q2. 80; re cetpts. IoS