davidaulloa/AmericanStories huggingface dataset:
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-13
BALTIMoRE PROVISIONS.
sToCKs And BoNDs.

New York, June 12.-There was con-
tinuance today OF the active buying OF
stocks which developed so suddenly yes
terday morning and prices were carried
to a substantially higher level through
out Che list on dealings of over a million
shares. The market closed active and
firm at near the top, profit taking on the
considerable advance making an insigniti.
cant impression in prices. The large de-
mand this morning for stocks was fed
freely and the active trading of the first
hour was within fractional range Of
prices after the opening advances. The
confidence with which these offerings
were absorbed encouraged renewed buy
ing. The demand showed signs of being
satisfied at times during the day and
there were lulls in the activity OF tho
market with fractional recessions in prices
but no important pressure to sci devel-
oped at any time during the day and the
bulls had the situation completely in hand
Evidently a considerable part of the de
mand came from the short interest which
had failed to cover yesterday in the hope
of reaction from the first rebound, OF
which had put out fresh short lines t.
contest the recovery. There was some
covering of short lines of older standing
as well which were put out early in the
stock market reaction and which have re
manned uncovered through the Occasional
rallies. This demand and some buying
from belated investors was significant o
feeling of confidence that the turn IL
the market is something more than tenn
porary There has been a recognized
waiting investment demand which ha
held back from buying on the principle
that so long as the market was goin&
down they might get stocks cheaper
Thursdays sudden rebound deprived thu
element of its opportunity to buy stock
near the lowest, but there seems to hay'
been some buying of this character to
day. There was evidence also of some ney
speculative ventures on the longs side AM
CT renewed activity by organized pools il
certain stocks The dealings in Readin;
were on an extraordinary scale and i
was rushed up four points in the lat
trading. helping materially to sustain tn
late strength of the market. A judicia
decision affirming the right of the coal
carving companies to refuse to compl.
with certain demands for information b.
the Interstate Commerce Commission
was the nominal basis for the rise Ru
mors were circulated also of very stronl
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-13
Cammann & Cos.
Cotton Letter.
Especial to News and Observer.

kOpCNidl " ANEWS dul ObSNl ' CA y
New York, June 12-From noon hour
to the close Of our market yesterday, it
was the unanimous opinion that Liver
pool would be weak and lower this morn
ing So thoroughly convinced was every
one that heavy selling was participated in
by the street and out-of-toWn traders.
Contrary to these expectations Liverpool
opened strong, surprising the trade by
showing fully eighteen points advance and
a strong undertone. Our cables described
as follows: Market sold out yesterday.
Expect I'd or over on account or scarcity. .
The effect OH our market was to say the
least electrical. July started at 1915 and
Instantly bid up to 1890 by shorts. August
advanced 40 points, September 80 points
or call. Liverpool bought heavily, Phil
adelphia sold, New Orleans followed in
keeping with our market. Subsequent the
market eased off, July selling down to
1908. The market closed 10 to 20 points
below the high We can see no reason
to change our opinion viz: Violent duct
Gations and higher level for summer
months At the high level December and
January should be sold as when weather
conditions improve we will Sc materially
lower prices for the distant deliveries.
CAMMANN & CO.. COTTON DEPT,
Per w. r.. Mcintosh
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-13
Tarrant e. Kings
Cotton Letter.
fspecial 70 News and observer.

New York, June 1.-THE Liverpool
market was violently manipulated today
and it developed that the orders to buy
in that market came from Alexandria,
Egypt. and it was said that the orders
originated in New Orleans and were sent
via Alexandria for obvious reasons. The
action of the market at last three days
indicates that the manipulation in July
and August is about over for the present,
and the people who have been most alive
in advancing the market for some months
are now turning their attention to the new
crop options, believing that there viii
be such great scarcity in September and
October and such an active demand for
new cotton for spinning purposes that
there will be a tremendous advance in
the September and October positions also
in December. The Sully interests as we'll
as Mr.. Brown. have for some time been
accommodating all options behind Septem-
Der, and now that spectators are be-
ginning to buy the fall months the Wall
Street shorts find themselves in a very
uncomfortable position, in fact they are
having the same experience that they had
when they were short Of July and Au-
gust a few weeks ago The crop reports
from the South are on the whole decidedly
unfavorable.
TARRANT & KING,
6S Broad Street.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-13
Barbee a. Co.'s
Cotton Letter

Especial to News and Observer
New York June 1S-The cotton market
has reached the point OF acute demorallaz-
ton That is to say the small amount OF
cotton available for spinning purposes
controlled by few individuals, that
the marking up or down of
quotations, seems TO be the result of per-
scnal whm 1t cannot be a subject open
to discussion that cotton prices are NOV
ing in a legitimate and natural fashion.
This week the short interest that has been
very menacing to the market, has been
greatly reduced. TO that extent the posi-
tion is improved. On the one hand it
ould seem as though the New Orleans
bulls had reaped ample profits from their
deal to satisfy them and that such be-
ing the case they would be content to let
the market follow its own cad Yet there
are some who believe that a control of
the spot cotton OF the country is aimed
at by the New Orleans people, a control
that would place them in a position TO
drive in every short seller from July on
to September That is, by taking the
stock of cotton in New York and In New
Orleans. they would be masters of the
situation until the new crop came in
Owing to the supply of cotton in the two
principal markets of America and know
ing the unfortunate position of many of
the foreign spinners, they would be able
to clear up their holdings of actual stuff
at a big price and squeeze shorts in
August and September and great would
be their reward The idea is certainly
sucn as to fire the ambition of anyone
thirsting for fame Enough cotton has
been sold to tho shorts this week to en-
able the New Orleans people to termi-
nate the deal at any time. OF course if
weather developments continue unfavor-
able for the progress of the new crop,
and it becomes evident that very little
cotton can be expected before the latter
part of September rather than the lat
ter part of August, as normally the
case. such far-reaching scheme as that
above outlined might be acceptaed with
favor. As far as our attitude on the
market goes, we do not believe it adyis-
able at the present time to sell cotton
short, no matter what ,4e price may be.
The crop has had a very poor start, and
the present outlook is not brilliant.
Cotton futures today ranged as fol-
lows:
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-13

showing oil earnings for May to be short
/ ly published The Baltimore and Ohio
/ May statement showing more than two
/ thirds Of a handsome increase in gross
/ earnings preserved for the net earnings
| made that stock and those affiliated with
lit prominent features Of strength The
Pacfics and st. Paul were in large de-
mand and there was some disposition to
attribute the strength of the Gould group
to vague suggestions that the heavy ac-
cumulatlon OF Pennsylvania on the decline
and resulted in sufficient holdings to Sc
cure representation in that company for
the Gould interests. The forecast of the
currency movement indicated sufficient
balance of receipts from the interior to
offset the loss to the sub-treasury and by
gold exports, and in addition yield an in
crease in the cash reserves of the banks
of nearly $2000,vuJ. 1t is hoped that the
heavy liquidation early in the week will
be reflected in a considerable loan con-
traction
Sterling Exchange continued to recede
but an additional engagement was made
of gold to go to South America. Monday
is the first day upon which payments are
to be made of the fifty per cent install
ment Of subscriptions to the new Penn
sylvania stock issue. This win call for
the payment of $45, 100000 on or before
June 81 Large proportions will be paid
in Europe and in Philadelphia and it has
been officially intimated that the pro
ceeds will be used for repayment of the
a0.0000 600 loan taken out by the Penn
sylvania for six months last January
Bonds advanced in sympathy with
stocks. Total sales, (par value) $2,935, 600
United States 2s coupon declined IA
and the new As Y per cent on the last
call.
Total sales of stocks today were 1922
GOO shares, including Atehison, 10000; b.
& O., 66,35O; Canadian Pacific 2770O;
Chicago, Great Western, $3.50; Erie, S.
300; Erie first preferred, 1857; Erie
IS 300; do second preferred. $500: Illinois
Central, 5000; Louisville and Nashville
$500: Missouri Pacific, $4,000; New York
Central, $500; Norfolk and Western, 49,
200; o. & w, 1900: Pennsylvania, 46,-
500; Reading, $500: st. Paul, $4,000;
Southern Pacific, 2S,7O0; Southern Rail-
way, 1S.S7F Texas Pacific, 74O0; Union
Pacific, $4,000; Amalgamated Copper, so
GOO, Brooklyn Transit, 10000; Peoples
Gas. $500; Tennessee Coal, $500; United
States Steel, 1920; do preferred. $500;
Rock Island, 33.400.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-13
NAVAL STORES.

WILMINGTON, N. g. June Il Turpentint
st ady. 40: receipts 40 casks.
R0sin irm: 81 90; receipts 292,
Crude, quiet atS2. 0OO3 150350; receipts
1S4 barrels
Ter firm at s165; receipts GO.
CHARLESTON. s. G. june II. Spirits tur-
pentine steady ASA; receipts; sales i00
Rosin steady receipts 49,; sales 800; ex-
ports $3.50.
Quote A, b, 40; ID. BITS: E, sI.7s; +
I.s0. q. 1851 Ii, 235; L.. 500: K. 800 m
3.1oi N, SIS; VIC, 3.25; WV, 3,Ss.
SAVANNAH, Ga. Junei2 Turpentines2 q; M
firms 40; receipts 500, sales, 2is;
exports 500.
Rosln firm; receipts 1877 sales 4,s S;
Quote a. B, c. 7J;D, e. $3.50; F.
81 60 d,Si8s; III, S2.40; / 305; Is. $40;
M. $500; N. s3.25; We s3.3s; WV S3.6s.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-13
: LCduy
NEW ORLEANS COTTON

New Orleans, June 1.-THE spot market
remains very quiet. Quotations I'M
changed.
In the future market the unexpected
happened this morning. Instead OF de-
Ginning, prices shot upward with wonder
full velocity AS soon as the market open
ed there was a wild rush to cover ard
shorts forced prices up on themselves
fully as much as they were lifted in re-
spouse to the advance in the Liverpool
market Within short time after the
opening gong had sounded July was forty
points up from the closing of yesterday.
August was 81 points higher; September
AZ points and October % points. The ad-
vance was caused by extremely bullish
cables from Liverpool. In the local
market there were slight fluctuations,
prices easing from the highest point OF
the day. but the list at the close showed
substantial net gains on all positions.
June and July gained "a points each; Au-
gust Is; September 80 and the other new
crop months 16 to IL points each.
80 a
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-13
NEW YORK COTTON.

New York. June 12.-The cotton mar
ket opened strong at an advance OF II 70
3S points and at first ruled very tirm ana
excited under the surprisingly strong
Liverpool cables. Those on the New
York close of yesterday should have been
reported at decline of 219 10 points.
The English market opened / point lower
but by the time of the local opening was
about lie to 20 points higher on the old
to points higher on the new crop OPP
tions.
Private cables attributed the sentiment
tai advance to purchases for the account
of Egyptian spectators, while many in
the local trade were inclined to attribute
the gains to the presence on the other
side of the New England bull leader, who
also Is said to have recently sent buying
orders in the local market. But what.
ever may have caused the Liverpool
strength local shorts were again complete
ly routed. Foreign houses had buying
orders, the South was also an urgent buy
CT and this with covering sent prices up
with a rush. July reached 1890, August
11S4 and September 1887 within the first
few minutes Almost at once however.
there was enormous realizing which forced
July down almost as rapidly as it had
advanced until it touched 1915 and Au-
gust 11.67 with the new crop months
showing a decline from the best of to 16
points
The attainment of this level was follow
ed by period of irregularity, during
which trading became less active and at
midday the market was net 1905 points
higher. All the afternoon prices sea-saw-
ed within a comparatively narrow range
and speculation was generally quiet. Just
before the close tine market was weak un-
der scattered liquidation and reached the
lowest point of the day in the last half
hour, July selling at 1908 and August
11.66. There was slight rally under COW
ering just before the close but the mar
ket was finally bare,y steady, net 13 to
80 points higher with July closing r. 10,
August 116S and September 1915.
Total sales of futures estimated at $780,
600 bales.
M YORK. June II -f!otton snot osed
quie'; IS points dec ine middling uplands
IL IS mlddling gulf IL. 90 sales 900 Caes.
Futures opened strong.
e.. - -
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-13
NEW YORK MONEY

NEW YORK, june ~ 2p. m money on
eall easy; 1A02h timee money stead
so davs 4A@. 90 days 40. six months 81
@sk Prime mercantile paper 4AD5n. sUert-
Ing exchange easy aetul bushes In
banker hills at 4s7'E0 for dem ar
- ~ for GO day bills Posted RACES 4S5h0iS'
Commercial bills AJAX Bar silver Il
Mexican 4tk; Government bonds steady
RalIroad tonds weak
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-13
OTHER COTTON MARKETS.
PORT.
GRAM AND PROVISIONS.

Chicago, June There was only a
moderate trade in wheat today and the
tendency was toward lower prices, july
closing 1-403-S lower July corn unchang-
ed but oats were 1c higher with Septem-
Ler provisions a shade to 10 cents up.
Leading futures ranged as follows
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-13
Nav ORLEANS. LA June II {
LIVERPOOL.

LIVERPOOL June 2 -/p. m.-Cooton- Snot
lin dem; 1910 point. higher; Ame' lca
middliup fair 7.1e; good Inlddling CTS. lnlu
The sales of the day were 1000 bales. OF
which 500 for speculation and export a"l
included 1900 American, Receipts 2o01
mr. American,
Futures opened steady and closed feverish.
American middling, 60. c.:
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-13
ErzrnrA NO CURE. NO PAY.

Your druggist will refund your money
If Pazo Ointment fails to cure Ring
Worm. letter, Old Ulcers and Sores, Pim-
pies and BIackheads on the fact, and all
skin diseases. so cents,
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-13

Cash quotations we're as ronows


Flour firm, winter pate aus $3.50; strsights
i 81 1908 40; bakers $3.50 0k90
/ 8 20dt340; clears 90 3513.6ldo spring snecials
40; spring patents s8350G39O do STRAIGHT
Wheat No. 2 spring 1919: No. 8, 74C178; N ,.
| yellow Asa Oats NOE, 80 No. 2. 1914; white
| red, 75A076; Corn No. 2 4sH; No 2
Zee ing barley l5048; far to cho ca mating
5O15t No. / flax 81. 10 No I northwestern .12H I;
/ Prime timothy seed S75 Mess pori pc bb .
Iboet ,s: sides Lard loo!e 100 s Goa 81
Stated Shoulder thoved) 5000 sho clear
sides, boud $50; Whiskey basis high
grade wine l.3O; Clover contract grade. 1000 5
NEW YORK
New York. June - Flour firm. mt active
winter tatents a75l1. 410: Minnesota paten.s 430
@450; MIN boxer ;3.s004.40.
Rye -four dali; fair TO good 2.s50305y choice
TO fancy 3.2513. 80
Buckwhea flour dull 1902 Is
Corn meal steady; yellow western clos
Rye quiet: No2 vestarn So. State
Barley dull: fesdinz 81: maltina 81.
barley mat ste sdv wsste n 65GD6B
Whett- quiet; 80. 2 red, sI0 Closing
/ July s11 September ia DecemQr 1874.
Corr-Spot ste DIV; No. 2, 81. closing May
o ,osss SPOT o steady No q 8gx May AL
BeeI easy; family sl0b00l2OO; mess 5000
/ 1000; Beef hams &20O0lD2l5U Jacket $40 5ODlL5
Cut meats quiet: ricsled sh ulders 50
! picked ID. dels 1884; pickle bams llHMR
Lard dull, western steamed 2. Is: refil e !
dull; Continent go; .. compound a, 7%e 4 >,
3
/ 6J20 p; mess SlS 2j1lS.75.
/ rallow quiet; city per package "a; country
+ 5K05M
Rosin steady: strained common to good, e. 10:
~arDensp,. q i t; at 52h053.
Rice; firm domestic, fair toeKtra 4hW7t
4 Japan KIOSK.
Molasses quiet; New Orleans, op N kettle
bod 10 Choice. $1,000
Cofee-seos Rio quiat, No invoice 5h
mildduiet; cordoyR 7AWl2
sugs raw firm: ar refining % mol
ass es 1882; rehued stea7y;
kcttsr steady extra creamery 22i State dairy
Gnease firm; state full cream small col.
orvd 1917 wnlte. fall made, Io5s
Eggs irreg State anu Penasvlvani4 S0lsH
/ Southern, !. neirby extras HDloB; 80
Potatoes steady state and western 7 lS1;
lbs l87l52.lZ. essuth Jersey s"e 50 eL0ll.1l
Long Island L750212; new Southern - '0G
Peanuts steady; fancy hand-picsed 4A04h .
domestic 2An4A
Cabbages queit; Long lsl1nd southern
ern =. Charleston 49,: Norfolk .oODLbu
Freignts o liverpool; steamer i2c ;
Cotton seed oil showed moderate adqau
/ Prime Grade T. o. b. mills 8 OBJ prime
summer yellow 40k9lL of summer ye 1o@
31zt37 ~ prime white 4b6I47 prime inter- Ye.ioW
46147, prime meal e270O0275O nom
BALTIMORE PROVISIONS.
BAurrnoaE. June II flour quie'
Winter patents as5l14; Spnng patents 4Oot1+:.';
whest dull; SPOT SPOIL ana ad 7sn May '0AeD'0-
/ Con firm; spo' and May oS7sU-
/ Southern white corn 5005@.
Oats firm: No. z wnlte, 42G42E.
rye firm; Nc. 56h; no. z western ,o -, ~
Butter firm and lower; Iaacy llnllAsioh A01~O
/ fancy creamery z4l157.
Eggs d CHER. frssn l7k. -
Che sse sweak l1A011; large small lzAgiZ9s
Sugar steady; due and coarse grAn0iAsss o'Oon
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-13
A WILD SWING IN
PRICES OF COTTON
Market Closes Net Thirteen
to Thirty Higher.
WELL UP AT LIVERPOOL
Under Liquidation the Market Reaches The Low
=
esi Pinto the Day lust Before the Close
---Actve Buying in Stock
Market,
Market.

New York, June 1.-THE dry goods
market has 5een quiet with buyers eau
tious Prices are steadny advancing, nt
announcement of the fact being made
in many cases but when the buyer comes
to purchase the goods he is informed thai
an advance has been made. The compul-
sorry shut down of an increasing number
of mills is proving a factor with undoubt
eddy increases in importance with addi
tions to the number of those thus sit
mated.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-13
5. A. l. SHOCKS ANp BONDS.

BALTIMORE. June - -Seaboard Air Line
common c2B022M: preferred 3s038h,
Bouds-4's, 7SA.
Atlantic Coast Line. common. I.260127;
preferred 1890.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-13

At the crematory is that burn from
whence no traveller eer returns.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-13
At the Close of Business. June 9th, 1903.
RESOURCES.

I, James o. Litchford Cashier, Of the
Raleigh Savings Bank, do solemnly swear
that the above statement is true to the
best of my knowledge and belief.
]. o. LITCHFORD, Cashier.
State of North Carolina.
Wake County.
Sworn to and subscribed before me this
18th day of June; 1903.
F. II. BRIGGS, Notary Public.
Correct-Attest
JOHN T. PULLEN,
N. w. WEST,
]. r. FERRALL
Directors.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-13

SMOKE La Josephine" and Young
Fritz"
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-13

BARBEE & co.
Turner County herald. (Hurley, Dakota [S.D.]) 1883-19??, 1903-03-19
MAKES IRlsHMEN LAUGH.

'The story that St. Patrick was
not Romun Catholic has come to
be sort of annual JOKE" said w ]
Onahan, a prominent Chicago Cath
olic, when told of the attempt by
New Jersey divine to draw the pat
ron saint of Ireland into the Baptist
fold. Books have been written. /"
continued Mr.. Onahan, "by many
Protestant clergymen who wished to
show that the Roman Catholics
could not claim St.:Patrick, but all
true 1rishmen always laugh al them.
St. Patrick was not only Roman
Catholic, but priest and not only
a priest but bishop. l fnd," said
he, that St. Patrick baptised the
kings of Dublin and Connaught, to-
gether with their families, but 1t is
not stated that these royal Christians
were ever put wholly under water
by the great missionary. The only
total immersion credited to him, as
far as know, is the one he gave the
snakes and reptiles that he drove in
to the sea. 1t seems to me that the
Presbyterians have a better right to
claim St. Patrick than the Baptists,
because find that some authorities
give Scotland as his birthplace.
That ought to be enough to make a
good Presbyterian of him.
Turner County herald. (Hurley, Dakota [S.D.]) 1883-19??, 1903-03-19

munity are corn, hogs, wheat, wool,
butter, beef, ETC., and it should be
kept in mind that all these can be
prodaced here cheaper than else
where, and for this reason it will al
ways be impossible for the east to
successfully compete with this region
and the person is unfortunate who
fails to comprehend this great truth,
and act accordingly.
Of course it does not follow that
everyone gets wealthy, evenin the
most favored location; but it true
that thousands are successful and
from small beginnings have accumu
lated fortunes in the newer countries
who would have toiled their lives
away without results had they re-
NAMED in the east.
In suggesting a locality where the
best possible results in agriculture
can be obtained to-day, we would
strongly recommend the state of
South Dakota.
Turner County herald. (Hurley, Dakota [S.D.]) 1883-19??, 1903-03-19
WASHINGTON ELM SPEAKS" /"
Face Of the Genera! Found In the
Heart of Limb.


1t was recently decided what
was left of the Washington "elm
so known because of the story
that Washington stopped under
it when he visited Capt. Jeremiah
Wadsworth, on the occasion of
the conference with Rochambeau,
must come down, and many per-
sons want to get pieces of the elm
When asked if he believed the
story which gave the tree its
name, Superintendent of Stress
Hausling replied: "Why, if that
tree could speak it would prove
it." A moment later he picked
up a limb some four inches
through, and there, at a cross
section, was a perfect profile of
Washington, like a miniature in
sepia. It was made of the brown
heart of the limb. Officers of
the Connecticut Historical society
pronounce it marvel. Hausling
will have it mounted and handed
down to succeeding generations.