davidaulloa/AmericanStories huggingface dataset:
The Montgomery advertiser., 1903-06-03
MARKETS FOR FUTURES
NEW CROP REACHES HIGHEST
 LEVEL OF SEASON.
At the Close Easiness Was shown With Prices at Practically the Lowest of the Session.
 Sales $15o,ooo.

NEW YORK, June 2.-The cotton market opened firm at an advance of 316 points and following the call. while not particularly &C., i've, showed sttll further strength, particu- iarly on the new crop months. under hrmer ca ples. apprehensfons that the floods in the southwest would work down into the cotton country and covering Under these influences me new crop was advanced before midday 10 new high level for the season, Septem- Der ceiling up to lo.22, October to o.77 and December to s.62. Following this. however. the market turned easier under realizing. There was a more favorable turn in the @eathe- and it seemed to be that the floods were not likely to reach the cotton country in sufficient volume to work any material in- turies Exports for the day wer~ heavy, ceipto turned out heavier than originally es- timated. being 3. .6o4 bales, against 3,66I bales last year. while the into-sight for the week was estimated at around 52 900 bales, against AZ, 900 last season. The better ac- counts from the dry goods trade had little in- nuence. fin view of the low price at which the finished product is selling compared with the price Of cotton and it was argued that while the Government report of tomorrow will pro b. ably reneect known conditions. the present level of prices discounts the damage The spot markets of the country also while firm. show little business, and the spot sales in Liver pool amounted to only 5000 bales. Infu- enced by these and possibly encouraged by the Improvement overt the conditions last week noted in the weekly Weather Bureau report, the market ruled easy all the afternoon. be- ing finally barely steady at practically the lowest of the session and net unchanged to s points lower. Total sales futures estimated at I5o. 900 bales.
The Montgomery advertiser., 1903-06-03
Secretary Hester's Statement.

NEW ORLEANS, June 2.-Secretary He's ter's New orl,ans Cotton Exchange statement, issued today, covers tke monthly movement to the close of May. Compared with last year 1t shows an increase for the month in round figures of e4,ooo. compared with year before last an increase of 4.4oo and with 1900 an increase of o9,0O0
 The total for May was ss4.aIi, against and 224.sos tho same time in 500
 for the nne months from into to MsS over before last and .s3s, 900 over isoo' to the close of May shows receipts at all as4 5ss last year. 7l2s,sl2 year before last land across the Mississippi. Ohio and Poto- mac Rivers. to Northern mills and Canada L. year. 1sSns' sss s.9 n5 ss os time in 1900; Southern mill takings exclusive of consumption at Southern outports 1892 900. before last and i ,a77, ,os7 the same time in lsoo and interior stocks in excess of those held at the commencement of the seascn a. before last and a decrease of s6.76s under the same time In 1900.
 These make the total amount of the cotton crop brought into sight for the nine months ending with the close of May Io.352,434. against 10. 0oo 93o last year. e.693 TAO year before last and asl4,26l the same time in
 Northern splnners took during May sa.4as bales, against S5,3l6 last year and Ii3,3I6 year before last, increasing their total for the nine months to 2.oI4.3e2. against 2.o27.- 967 last year and l,826,702 year before last. This makes their average weekly takngs for the season l.65l, against 5I ,996 last year and 46, 637 year before last.
 Foreign exports for the nine months of the season have been 6.43 ,295 bales. showing an increase over last season of 225, ,40i and an increase over the same period year before last of 52S 6e4
 During May they show loss compared with May last year of 54 74l and compared with May year before last loss of 204. .425
 Stocks at the seaboard and the 20 leading Southern interior mrkets at the close of May were 397.4e4. against 56S, ,S53 the same date last year and s39.oo2 the year before
 Including port and interior town stocks left over from the previous season and the num- Der of bales of the current crop brought into sight during the nine months the supply has been 10, 567 sos. against 10, 36l 900 last year and g 8 5000 the year before
 Up to the close of May last year 93 64-io0 per cent. of the cotton crop had been marketed and for the same nine months in 1901 the percentage of the crop brought into sight was 93 35- % and/for the same time in 900 the percentage marketed was 93 4l-IOO
The Montgomery advertiser., 1903-06-03
Fl. 6 B. Beers Cotton Letter.


 NEW ORLEANS, June 2.-Liverpool ad- vices were better than expected, therefore our market in sympathy opened 2n6 points higher on old crop months and f93 points the new. and subsequently, improved 397 points additional on the crop positions. owing to fresh buying. anticipation of poor bureau report being issued June 4th. The weekly weather report. however. proved to be more favorable than looked for. and caused a de- cline of l00i2 points from the top on late options. making the closing quotations un- changed on July and August points higher, whereas the new crop months showed loss of 3@4 points. The summary of the weekly provement in the condition of cotton is gen. orally indicated but the crop rule is from two to three weeks late. Better stands are reported from the Carolinas. Tenness ee Alabama and portions of Mississippi Louisiana and Texas. In Arkansas, Oklahoma and Mis- souri the crop Is grssy. cut worms are caus- ing damage in Central and Southern Texas and boil weevils are reported this week from a number of additional counties In that State" The general opinion is that the bureau will show an increase of about per cent. in acre. per cent in condition, against e5 per cent. last year. The previous lowest condition dur ing the same time was in 1900 when the con- turn turn was 10. ss5 ooo bales. and in 1898 when the condition was 9l per cent and the yield was e,o35. GOO bales. Of course weather conditions can do much to overcome the pres the fact of the crop being two to three weeks late will make 1t imperative that the subse- quent weather must be equal to insure large yield which is considered essential next sea- son to meet the worlds requirements. In the meanwhile, 1t is argued, that on this theory, the present high level of values has been es- tablished, and that consequently a very un- favorable bureau report has already been dis counted. There is no doubt that sentiment continues extremely favorable to the article. still 1t is questionable whether prices can be maintained unless the bureau report Is unfa- vcrable and stimulates fresh speculation.
The Montgomery advertiser., 1903-06-03
Chicago Grain and Provisions.

CHICAGO. June 2.-!Trading was active in all markets today and higher prices ruled, higher and oats up 4c, while provisions were strong. the September products closing from Th to s2Mc Higher.
 were decidedly strong, the storms and floods In the West and Southwest and the reported destruction of thousands of acres of grain, toTether with the advance at St. Louis and New York yesterday being responsible for the excitement at the start. It was an entirely weather market, the foreign market with the exception of the London exchange being closed end although there was advance at London, the statistics were bearish. worlds shipments i being lower and there being an increase on the amount on passage of I,2so, 900. July opened ik@Ih to isai&c higher at TAX g75h, but under heavy liquidation by local declining to 74Ac. The Northwest was a good buyer and with . decrease in the visible sup ply of 3,345 900 and on the strength at St. Louis the market again advanced. July selling up to 75h and the strength was well main tained although there some recessions up issc over Fridays close at 75Md75k Clearances of wheat and -four were i.3ie, 900 bushels: Primary receipts. 7eo ooo against 43l.TOO bushels year ago. Minneapolis and Duluth reported receipts of 52o cars. which, with local receipts of 5S. none contract made against sHa 2ss as, Wsss anS ss Soar aso
 The opening in even more excited than that in wheat for the reason that 1t was floods would undoubtedly cause the most dam age to the corn crop and there was wild scramble among shorts to get to cover. As a result of their .endeavors prices showed a wide variation. a difference of lc being mo- ticed in bids at the same time in different parts of the pit. July was up ih@2is at the start opening at 4764S with very little for sale, although there was considerable realizing Offerings were we'll taken, however. and prices were we'll maintained. After selling between 46s and 49. July closed 2hd2A higher at 47se@47%. Local receipts. I,243 cars, lo3 contract grade.
 Oats ruled strong In sympathy with other grains and the unfavorable weather con- dtions. Shorts and outsiders were good buyers while there some realizing on the advance which caused slight decline. Closing prices were strong. with July higher at 34% after ranging between 34ts and 35b. Local receipts. 35o cars.
 Provisions shared In the general uptuIn The strength in the grain markets, the closing of the packing plants at Kansas City and an advance of 100 Sc in the price of hogs stimu- lated a good demand for all products. There was a good buying by outsiders and shorts and a further advance was made. but later in the day realizing caused partial loss of the early gain. The close was strong with Sep tember pork 32;a higher at lo.o2A, lard Sc higher at Se, 95 and ribs up 7:s at S9 27h
 The leading .utwes ranged as foliOWs
The Montgomery advertiser., 1903-06-03
c. E. Pierce 6 Co.'s Cotton Letter.

lover Private Wire freq Gioert Clay.I
 NEW ORLEANS, June 2.-The interest of the trade is mainly centered in the growing crop which from present reports is not pro- gressing satisfactorily and in consequence even the present high levels do not invite sales with expectation of large profits being made on that side of the account. The Governments 8 Weather Bureau report published this morn ing showed further improvement in the con- dition of cotton, but the crop as a rule proves better stands reported from the Carolinas
 Alabama. Tennessee and portions of Missis- sippi. Louisiana and Texas Worms ported to be causing damage in Central and Southern Texas with boil weeviis making their appearance in a number of additional coun- ties in that State. This was about the sub
 stance of the report The reading of the same
 reflected but little change in the situation.
 The trade seem disposed to await the arrival
 confirm or dispute Liverpool at the opening this morning displayed considerable frmness in the speculative market. but in the spot activity with small sales recorded, only 5000 bales. While the English market rules very irregular In it's course today, with it's ups and downs on specials in order, stllI the mar ket there finally closed at the highest figures of the day. with the near positions closing quoted up I26i3 points Spots there were advanced 4 points. The longs could extract today. which, while not excessive at the ports. still at estimated points for tomorrow were on lines unlocked for. Clearances were again free, showing the rapid disappearance of cot ton from this side. Again the profitable character Of the industries based in cotton at present Is certainly very encouraging to the cotton trade. This being the case. believers in higher prices for raw cotton maintain that some further appreciation in values can mess- urably be expected, feeling that 1t would in- deed he strange If lower prices should appear in a commodity. while the business for which 1t furnishes the material is active and profitable. also arguing that if the cotton man ufacturing business was stagnant and manu- featuring stocks were large and unstable ex- cept at a loss to producers. 1t might be pos sible to maintain contrary thesis. In mak- ing this statement we only voicing the views of those who have been prominent in
 maintaining the cotton market for months past and who still confident of their position.
The Montgomery advertiser., 1903-06-03
c. E. Pierce 6 Co.'s Cotton Letter. fTzv pr4vafa Wire g,ror, k "a |


 NEW YORK. Jupe 2.-There a further advance fin new crop options today with prices at the highest point of the season. October sold at s.77 with fairly active business. but with more or less profit taking on the ad- vance. The weekly report at midday indicated further improvement in the crop. but show ing was not at all hattering. Prices broke e48 points, but there no decided weak ness owing in great measure to the general belief that the Government figures this week will be very low. The short interest Is getting pretty well covered up and new crop options are now reaching point where 1t is more dangerous to buy cotton than at any time be- fore this In the event of a very poor bureau further advance is more than likely. but it is not a thing to work by buying cotton. At 9& the situation Is very different from that below cents and with any im- pavement in crop prospects as is more than likely after so tardy a start there will be no short interest in the market to look after offerings. Cotton Is still coming in this di- rection and the course of July and August is such as to furnish ample evidence of the willingness of the holders of spot cotton to do anything but stand upon their short con tracts. We would like to see a good break in this market before again taking the long side and on any advance this week we would sell out the last bale of long cotton.
The Montgomery advertiser., 1903-06-03
Virgin & Faunos's Cotton Letter.


 NEW YORK. June 2.-Cotton futures fn the local market today opened firm in tone with first prices 3a6 points higher. Such develop ment was the result of buiiish advices from the English market. Liverpool having ad- vanced materially over the holiday interval in consequence of the serious flood news. Pri- vate cables were to the effect that shorts were uneasy and were inclined to reduce their commitments to the minimum. The local re- sponse was slow to the foreign betterment. however, though there was steady under tone throughout The domestic advices with regard to the food situation were to the effect that the danger too far removed from the cotton country to do much harm. The shorts however, were nervous throughout. and during the day there was quite lot of buying for this account. The trading the whole was only moderately active and professional in- terests did the bulk of the trade. The weekly summary of the Government attracted only moderate attention in view of the close prox- imity of the monthly report the crop. However, the statement today was better than expected, inasmuch as it showed favorable con. ditions in many sections of the belt. Tn the Southwest. however. there is plenty of room for improvement inasmuch the crop is grassy. The spot markets were steady with a small demand. The movement of cotton was fair, though generally there were promises for material falling of before long.
The Montgomery advertiser., 1903-06-03
A. B. Baxter 6 Co.'S Cotton Letter.
 TBy Priyata Vire1

NEW YORK. June 2.-The market openea at an advance of 3a4 points on moderate transactions. The Liverpool market was higher and fully responsive to our upward ten dency There was more or less rain In Texas and some in the Atlantic States. and in view of the issue of the bureau report of week later In day shorts were keeping well under cover. Reports as to the crop were not very eneour- aging--in fact, the news coming in was rather favorable for the bull side. Here and there the crop is doing better. but on the whole slow progress Is being made and the impress sion prevails that the crop will have to do much better If present prices to give way
 On the other hand should we enter July with no better crop prospects, than today the mar Let should advance conAlderable of new crop months The market declined Soy points dur ing the morning on the appearance of the weekly bureau report. Cables were S4 3
The Montgomery advertiser., 1903-06-03
MARINE NEWS,

PENSACOLA-Arrived. steamer San Csottard Qt.), Biaggini. New York Cleared, steamer Evelyn (Br.), Horner, Gibraltar. via Norfolk Sailed, barkentine Arlington, Pickett New York.
 MOB1LE-Arrived. steamers Jamaica CNor. j. Petersen, Puerto Cortez Harald (Nor.), Hal vorsen. Santa Marta. Cleared, steamers Ja. maica NOr.). Petersen. Puerto Cortez; GyIler (Nor.( Alshager, Ceiba
 NEW ORLEANS-Cleared. steamers Chal- mette. Birney. New York; Adato (Br.). Bro die. Aarhuus. via Norfolk; schooner Santc Otcri, Nickerson. Ceiba.
 PORT EADs-Arrived. steamers David (Nor.l Warnecke. Livingston; Manchester Shipper (Br). Goldsworthy. Liverpool; Florida, Minot Sabine Pass; Mechaniclan (Br.) Ball. Liver pool. Sailed, steamer Beverly (Br). Seiders Port Limon.
 NoRFoLK-Arrived. steamers Telesfors tsp). Benner, Darien. Ga, and sailed for Hamburg.
 NEWPORT NEws-Arrived. steamer Ka. nawha (Br). Maxwell, Liverpool. NEW YORK-Sailed, Georgic, Liverpool Llguera, Genoa.
 LIvERPooI,-Arrived Noradic Portland. INISTRAHULL-Passed Cardlnian, Glas. gow.
 cHERBoURG-Arrived. Kaiser Wilhelm II New York
 ANTwERP--Arrived. Finland, New York,
The Montgomery advertiser., 1903-06-03
New York Cotton Futures.
New orIeans Spot cotton.

NEW ORLEANS. June 2-The spot market continues quiet. The trading was very light. put at full board prices or above. Sales 925; quotations unchanged.
 The future market was quiet Both bulls and pears are waiting for the Government report, which will be issued Thursday They do not Feet that they have any basis to work on until the nature of the report is known. Cables show that similar feeling was in evidence in the Liverpool market. At the opening June was 10 points higher bid. August down 6 points and the remainder of the list ld3 points higher After the opening there was an up- ward turn of few points. but before the close prices eased off. the list showing June August was points up, while the other po- sitions had lost 2G4 points on the day.
The Montgomery advertiser., 1903-06-03
New York Dry ooods.

NEW YORK. June 2.-rhe dry goods mar ket has not shown as general signs of i'm provement as was hoped. Buyers are con seryative and the high prices which are still to be asked have acted a handicap to free trading. Manufacturers are more determined than ever to secure advances and in addition to determine to curtail under any circum- stances is growing more general.
The Montgomery advertiser., 1903-06-03
Naw orlaans Snrnr.

NEW ORLEANS. June .-Sugar-DulI; open kettle, 2%Q3 7-l6; open kettle centrifugal, 3h43h: centrifugal whites, lie; yellows, Sssd4 seconds. 213A.
 Molasses-open kettle. nominal, l3a26: con. trifugal. 60 8. Syrup nominal, Ioap4.
The Montgomery advertiser., 1903-06-03
Total sales for the day, 787, 900 shares.
New York Coffee and Sra,

NEW YORK, June 2.-spo. coffee quiet; mild easy; C1rdova. 7&aIIA.
 Sugar-Raw. steady; fair refining 3h; cen trifugal se test. e-32; molasses sugar. 9-32; refined dull.
 Coffee futures quiet, unchanged and rather easy at first under selling by Importers which eased prices off a partial s points Later, however the market rallied by covering and at the close dull net unchanged to 5 points higher. Sales 7.25o bags
The Montgomery advertiser., 1903-06-03

Light rains in western districts sprinkle, in middle and copious to heavy in easterr districts being excessive in Middle South Caro-. lina; temperatures average slightly lower, da, temperatures being somewhat so in Mem. phis, Mobile, Nicksburg and Wilmington dis tricts.
 FRANK P. CHAFFEE,
 Section Director. Weather Bureau.
The Montgomery advertiser., 1903-06-03
St. Louis Proxtainns-

ST. LOUIS. June 2.-Flour-Strong; higher red Winter patents. S3. 6od3.76; extra fanc, and straight S3. 3oG3 50.
 Whiskey-Steady at SI 30. Bacon-Strong; boxed extra shorts, SIo S7h clear ribs, Slo.62h; short clear. Slo.7s.
The Montgomery advertiser., 1903-06-03

points up. The bureau report in Texas and in other sections are bearish, but the spreadlnr of boil weevfl in Texas seems to strengthen the new crop months
The Montgomery advertiser., 1903-06-03
Naval stores.

 WILMINGTON. June 2-Turpentine-Noth. ing doing; receipts, 6 casks. Rosin-Firm at SI.7o0l.T5: receipts, 46 Crude turpentine-Firm at Sl.75, S3 and .25: receipts, I43. TaT-Frm at Sl.65; receipts, 62. CHARLESTON, June 2.-Turpentine-Nothins doing
 Rosin-steady; A, B. c. sI.7o; D. sI.75; E. SI.75; G. SI.eo; H. Si.s5; I. S2. 35; K, S3; M, S3.Io; N, S3 IS; window glass, S3 25: water white, S3 55 SAVANNAH. June 2.-Turpentine-Firm at 45sS; receipts, i,7l2; safes, l.9ol; exports. none.
 Rosin-steady; receipts. 2zes; sales. POS; exports, none; A. B. C, Si75: D, SI.So: E, si.so; F. sI.s5: G. sIeo: H. s2.4o: I. S3. o5; K. s3.Io; M. s32o; N. s325; window glass. So. 35; water white. S3.65.
 Cincinnati Provisions. CINCINNATI. June 2.-Flour-Firm- Iard-Quiet at SS 40. Bulk meats-Steady at So. 25. Bacon--Quiet at Sl05 50. Whiskey-Active at SI.3o
The Montgomery advertiser., 1903-06-03
ARTICLES

Flour-Firm.
 No. 2 Spring wheat 7sa7s: No. 3. "A; No No. corn, 4TM: No 2 yellow. 4sa4sA. No oats 36; No. 3 white. 35Ad36%. Mess pork per bbl. Sl7.5oQ l7. 62h. Lard, per loo lbs. Se e5q9. 90. Short rib sides tloose), S9. 3o1g. .45. Dry salted shoulders (boxed), SS9S l2h. Short clear sides (boxed) Se.S7h9 O. co. whiskey, basis of high wines, SI.3o.
The Montgomery advertiser., 1903-06-03
Local Cotton Markst.

Quotations for spot cotton in the local bolton market yesterday were as follows:
 5trict mioolng .............s............yt 3-ie MiuuilnB ss Strict low middling ....................tox
The Montgomery advertiser., 1903-06-03
River Bulletin.
rise . Indicates Tall. River Forecast.

Indicates rise. Indicates ,aii.
 River Forecast.
 The Upper Coosa will rise slightly or remain Stationary tonight and Wednesday; the Lower Coosa and Alabama will continue to rise slowly during the next two days.
 Weather Conditions.
 The storm over the central districts yester- oay has remained nearly statiofiary over Mis- souri. its energy being considerably diminished; this depression, combined with the overflow or cool air from an extensve area of high barometer over Canada has caused continued showers in Texas. over the northern half of the remainder of the cotton belt and thence northward through the Great Central Valleys, the rainfall being heavy at St Louis and slightly excessive in Middle South Carolina; showers have also occurred over Rocky Moun- tain districts and in the far Northwest; cool weather prevails in the South and along the east slope of the Rockies. t7 t-
 Cotton Region Bulletin.
 MONTGOMERY, Ala, June 2 For the 24 hours ending at 8 a. m.. 75th meridian time.
The Montgomery advertiser., 1903-06-03

Treeeury StatemenL. WASHINGTON. June 2-Treasary balances. SPA, 100, Iso: gold. 6loB, Sss.653.
The Montgomery advertiser., 1903-06-03

Nothing bores an optimist like the history of ether people, troubles.
The Montgomery advertiser., 1903-06-03
New Orleans Cotton Futures.

NEW ORLEANS. June 2.-cotton futures
The Montgomery advertiser., 1903-06-03
Weather Conditions.
Cotton Region Bulletin.

MONTGOMERY, Ala, June 2 For the 24 hours ending at 8 a. m., 75th meridian time.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1903-04-11

Street Commissioner Mclean had q
crew at work, yesterday forenoon, fill
ing up the old well next the grounds of
the Congregational church on Bridge
street. There was an old well, fifteen
feet deep under the walk, and the
planks which had been put over it
and covered with earth were so rot
ten that they broke beneath the weight
of a man. The well was once used to
furnish water for the engines of the
railroad, but had long since been dis
used, and was half full of stagnant
water and ready to drown the person
who might step squarely upon it.
That is the second old hole that Mr..
Mclean has had filled up, and it is
source of wonderment now as to
whether there are any more such
death traps under our streets or side
walks.