davidaulloa/AmericanStories huggingface dataset:
The Montgomery advertiser., 1903-11-18
H. 6 D. Beers Cotton Letter. rSnAciaI fn ThA Advarfiser1

A~
 NEW ORLEANS. Nov. l7.-As Liverpool ad- vices were disappointing our market opened 205 points lower and subsequently declined 2 69 additional on the early easier feeling in spots and the heavy receipts. Predictions of freezing weather tonight in the western por- tion of the cotton belt, and the anticipation of rains following. brought in a buying wave, causing shorts to cover and superinducing an advance of Se94o from the bottom. making the net gain 27@2e points on the day. Liv- erpool cables that the decline there was due to general selling in consequence of the large receipts, which forced many longs to sell out their recent purchases. It is also claimed that a great deal of cotton has been bought on speculation and any declining tendency will cause this cotton to be thrown on the market. The port receipts today of ll4,0o0 are the sight during the week will be unusually heavy. The statistics and all outside factors are bear ing, yet in the face of these various features sentiment is rampantly pulling and every one seems inclined with the idea that all that is necessary is to buy. values will eventually l go to a much higher level. No one here has l eyer such markets and all conservative operators are afraid that collapse may take place at any moment. The idea of running up | a market 35 puoints the report of freezing weather being predicted in the Southwest on the l7th of November is simply absurd It | is only remarkable that such weather has not | taken place weeks before. While there was nothing really in this to occasion such buy | ing fever, the fact remains that irrespective | of anything prices advanced sharply with or | without any tangible reason and only proves | such conditions prevail.SR Is time to be ex- | tremely cautious; therefore. we think well oi | taking profits and only advocate purchases or decided breaks.
The Montgomery advertiser., 1903-11-18
c. E. Pierce 6 Co.'S Cotton Letter.

By Private Wire From c. W. Lee 6 Col
 NEW YORK. Nov. I7.-The cotton market Is acting just as could be expected after this advance. at one time this morning the mar ket was off more than M cent from the top
 Receipts still big and will be. cotton is for sale and will be. and soon we will have larger crop estimates. The market is a long one still and there must be thorough cleaning out before there Is much good in it.
 Prices have had big rise and when you have a big market and a sensational advance a decline of 50 points is not necessarily the ex- tent of the reaction. But there is this con- sideration to bring in buyers on a break be- low cent. The Government report of Dec. 30 shorts will hardly stay out over that re- port and when the market begins to look sold out we will have sharp advance. For this reason would begin to play the buying side on any further break now. After straight away decline of 50 or 70 points it's time to look for different market The break may reach a full cent, but the last will be slow and there will be plently of chances to get on an advance, Receipts are enormous and we will break and people will hesitate to sell on decline of &. It Is a big market and to make money. money and nerve and both nec- essary. On a break tomorrow we should not be afraid to begin buying moderately. Fluctua-
The Montgomery advertiser., 1903-11-18
WALL STREET. REVIEW
TRADING Dw1HDLEs TO A Low
Evident That There is Little Inclina- tion to Embark in Speculative Ventures in the Stock
 Market As Yet.

NEW YORK. Nov. i7.--rrading in stocks dwindled in e low ebb today and the dullness was progressive. This was regarded as sig. bear pressure against stocks and was accepted as an indication that there was little inclina- tion to embark in speculative ventures In the long dormant state of stocks of number of less important railroad companies and their brisk advance, so far from having an encour- to awaken suspicion The notoriety of the ex- istence of speculative pools in many of these stocks. which have a connecting common inter- sst, caused many rumors of devslopm:nts in small volume of the capital issues of corpora tions of this class and the narrow limits of the circle within which they are held makes them specially available for manipulation. The rise in the call money rate to 6 per cent late in the day, which was attributed to this light incursion into stock speculation by the minor movement was regarded and turned the course of prices downward. The result was to wipe out the earlier gains which had reachel Q point syivania especially was h demand, presumably from the short interest left uncovered in the stock after its extended decline. The upward movement of the morning was due to the re- newed feeling of confidence the money outlook. Announcements were made of q num- br of engagements of gold in London for im- port confirming reports which were current yesterday. Half . million dollars was trans ferred to New Orleans but New York ex- change at Chicago rose to par Sterling made . sharp recovery Part of the demand was due to purchases of bills against the gold engaged for import. There YVES said to be large buying of sterling for investment by bankers. the process being to purchase sixty and ninety day sterling bills to hold until maturity for the higher price likely to prevail at that time. United States Steel was held back by the Lon- don vic wthat further cuts in steel products September of over s2oo. 900 was favorably re- garded but its effect on the general list was offset by the cutting in two of the Lake Shore and easy.
 The bond market was fairly steady, but dull. Total sales tpar value). e2.32l .ooo United
 New York Stock List.
The Montgomery advertiser., 1903-11-18
Chicago Grain and Provisions

CHICAGO. Nov. i7.-Reports of a big reduce tion in the Manitoba wheat crop with decreas- ing receipts in the Northwest caused strength in wheat today and December closed Ac higher. December corn was up A, oats were 1tc higher. while provisions closed about un- changed.
 there was an unusually good demand through out the session from local traders, which re- suited in a biz advance in prices. The early market was easier on selling by scalpers who were influenced by the favorable weather and lower cables and December opened a shade higher to Ac lower at 76H976h to 76h. but later a good demand developed from St. Louis houses and Northwest tsaders and the market became hrmsr. Moderate receipts in the North west with higher prices in all outside markets were instrumewtal in starting the buying move ment which resulted in an urgent demand dur ing the latter half of the session. A report that the Manitoba crop had been reduced S5.- by shorts late as well as buying by coinmis- sion houses and closing prices were at the top, December being ihc higher at 77A@ 77*c. after touching 77x. clearances equalled 400, 200. against ,232. 100 6 year ago The worlds visible supply as shown by Bradstreet's increased 3: ilS.ooo bushels, compared with an increase last year of 4,74o, 900 bushels. Re- ceipts. 227 cars. none contract; Minneapolis and Duluth reported 763. total of sso. against i,544 laSt week and e2s a year ago.
 Corn was undef selling pressure at the out set. especially the December option and the market tor . time showed further weakness bear motive was had in the cold weather which prevailed throughout the Western and Central States. May was in good demand the entire day from professional traders and the strength of this month helped December. which was inclined to an easier tone due to lower cables and the unsatisfactory condition of the cash situation. After selling between 4 and 4I& December closed Ac higher at 4l%Q4l% Receipts, 33S cars 2S contract grade.
 After some hesitation oats became strong Good buying by commission houses freed the pit of surplus offerings and local traders fnd- ing they had oversold the market covered freely on the advance. December closed strong kc higher at 33%933h. after ranging between 32W and 33%. Receipts. 27i cars.
 Except for a moderate recovery from its de- cline yesterday there little feature to the provision market. Selling January and buying May lard for the account of a local packer was the feature. Offerings were light. which helped to create Q steady tone. January pork closed unchanged at SI l.47h; January lard a shade higher at S6.67hG6.70, and ribs 24c higher at $6. 10.
 The leading futures ranged follows:
The Montgomery advertiser., 1903-11-18
MARKETS FOR FUTURES
PRICES RALLY AFTER HEAVY
 DECLINES.
From 10.s4 the Low Point of the Session December Sells Up to 11.16-Bulls and Bears
 Have Arguments.

NEW YORK. Nov. I7-The cotton market opened weak at decline of 5@s points under further liquidation and selling for short account that was encouraged by the lower cables and the prospect for record breaking receipts. Af- ter declining another point two, however, buying orders began to come in and soon after the call prices were back to about the prices Of the previous night. As the estimates for tomorrow's receipts at leading points began to the market in the middle of the forenoon was l2@i4 points net lower with the tone feverish and excited. The weather reports from the northwestern belt were very bad and as the session progressd reports of snow and slees came drifting in with the forecast pointing toward still lower temperature. This rallied the market in spite of the heavy movement and in the early afternoon trading became active and excited. Room operators who had sold early became alarmed over the ease with which the market was rallied, buying orders came pouring in from outside sources; 1t was re- ported that big New Orleans operators were buying heavily in that market and prices were rushed up here rapidly. From Io.e4 the low
 of January Ss ro% to sTd SR from Io,ss to Il.22: May from Io.s8 tt ti.23. and July from TO-. ss to ii.2t In tn, pr two. but the market was finally firm at | net gain of l49l9 points. Sales were esti mated at 900 900 bales. The estimated re ceipts at leading points for tomorrow were ex ceedingly heavy as compared with last yea, and the early reports from Southern spo markets showed generally lower prices. thougl New Orleans later was reported firm at ar advance of l-I6c. The bulls claim that tn. heavy movement is not bearing upon the spo markets of the country. but that the cottor has already been sold and merely represent the fact that there is a good demand and that every day of large figures means the near. ing of the time when receipts will fall off The bears. on the other hand contend that the volume of receipts is a confirmation oi their theory that the crop is 900 900 bales or over and that if the planter had small . crop as popularly estimated he would hardly be likely to market it so rapidly when SC strong a bull speculation is promising still higher prices Exports today were small and the New York spot market quiet and un- changed. Receipts of cotton at the ports to- day were l3.679 bales, against l0l 1896 last week and 62. 5S7 last year; for the week, 440,. 900, against 4Sl .o97 last week and 323, ,45S last year. Today's receipts at New Orleans were 3o,o2l bales. against l6 273 last year and at Houston 45.37l bales. against 20, s6s last year.
The Montgomery advertiser., 1903-11-18
New orIaans snot Cottnn-

NEW ORLEANS. Nov. l7.-The spot cotton market was very quiet. The country offerings were light and but little disposition was shown to meet yesterdays decline. Sales, 3, 700 bales including 2, 100 to arrive Quotations advanced ll6 cent.
 The future market was active with prices at the opening 2@6 points below yesterday S closing. Following the initial decline there was a recovery brought about by the cover ing of shorts and buying by longs on predic- tions of snow and cold weather for tonight and tomorrow. The weather map also had an un- favorable look a heavy frost line extended well down into the western portion of the belt The recovery was followed by an avalanche of selling orders which quickly carried prices down s and l 6points lower the active months than the highest level of the morning The selling orders said to have come from New York; where the record-breaking movement of the actual cotto nto ports q B. 67o bales) evidently looked upon as an immensely strong bearish argument. The movement also had much weight with Liver pool which showed wide declines in both spots and futures. The local decline attracted prominent bulls to the ringside and prices were gradually driven up until they were 25929 points above yesterdays closing and 2o933 points above the opening level. The trading was active throughout the day and the market closed firm with net gains of 25a29 points.
The Montgomery advertiser., 1903-11-18
Virgin & Faunce's Cotton Letter.
lBy Private Leased Wire.

NEW YORK. Nov. I7.-Cotton futures in the local market today opened weak in tone with first prices at a decline of 5Q9 points,
 There was considerable liquidation and selling by the bear element also attracted consider able attention. The weather map was gen. erally regarded one of the worst of the season. There was a quick recovery, after which the fluctuations were nervous and rather uncertain. The receipts. however, were estimated at lIS.ooo bales and this move ment. inasmuch as 1t promised to break all records for a single day, served to bring about a modification of bullish tendencies. During the greater portion of the day. the trade was very active. though the fluctuations were less violent. The receipts at Houston today were at New Orleans they were 30, against I6. 900 last year. The spot markets today were quiet. but firm in tone under a moderate demand. The advices generally from spinning districts today were rather mixed and uncer- tain. Estimated port receipts were llS GOO. against 62, 567 for the same day last year.
The Montgomery advertiser., 1903-11-18

L6y Private wirs From oibsrt & clay.l
 NEW ORLEANS. Nov. I7.--Liverpool cables this morning recorded decline of about "a Emnglisn m points on contracts with spots marked points down and private advices give evil uense that . generally bearish feeling exists on the other side. due to the record movembent and the large amount of cotton anoat. Exports sre now ahead of last season and our trans- atlantic friends begin to feel . little moro comfortable. This market started today with q slight decline. but t was evident early in the was to be looked for, but on the contrary many buying orders came into the market which in connection with the predicted cold weather lines In anticipation of . further decline were conpslled to cover. the final resuit being . net gain of 27 points for the day which is receipts. Galveston. Houston and New Orleans expect tomorrow from 32.ooo to 3e, 900 bales in excess of the same day last year and the fact the naovemnt this week will possibly ex- ceed that of any previous corresponding period
 The advance with these conditions can only be explained by the fact that the enormous move fnent is not . weight on the market For if- stance. our Galveston correspondent wires that of the 62. 3o2 bales received there today. all
 through cotton with the exception of about l,eoo bales; in fact the crux of the problem is consumption and it will be interesting to note
 the quantity of cotton that passes out of sight this week. Fall River manufacturers have de-
 clined all suggestions made by labor leaders and the question of whether there will be strike next Monday is still undecided. Labor
 leaders. however. are inclined to avoid this
 arbitrary step and the chances are that some
 sort of compromise will be reached. Early
 spots were quiet from FIG to t lower with
 little disposition to operate on either side.
 The rise in contracts was sufficient to offset
 this tendency and quotations were marked up
 i-l6. All facts considered with a crop of
 10. 500. 900 present prices are, in our opinion.
 justified. Naturally there will be periods of
 depression and we continue to think that
 the market should be bought on weak spots,
 with the Idea of realixing on strong markets,
The Montgomery advertiser., 1903-11-18
LOCAL wHoLEsALE MARKET
Country Products.

SOoAtAy A4O00SIoe Po1itry-Hens. s2c apiece; frying size. 20 @22c. Lemons-Per box. ss 2s@3. 50. Rice-No. l, 7c; No. 2. 6c. Peanuts--Per pound, SAC. Pineapples-Per crate, S2.7593.5o. kidney beans, S3. 90; Lima beans 51sc per lb. Cheese-Per h., l4hc. Bananas-Per bunch, Sl.7592. co. Onions-Per bushel, 9Sc. Cabbage-Per h., Ike s.75 7Bpi''-i' 'D'H''' '0U'O'' per OOi' SS" cranberries-Per barrel Slo Celery-Per bunch, 35Q6oc. Malaga Grapes-Per keg, $4.6 50. Cocoanuts-Each, 4c. Florida Oranges-Per box. S2,75.
 Provisions. Dry salted sides-sAc. Lard-Leaf. S12c. Meal-55Q6oc per bushel. Oats-White, 49c; mixed. 4Sc. Corn-White 7oc per bushel. MSaht, MsaltmLveTpoOl S per sack; Virginia. COG; 25c. '' syrup-Fancy 4oc; reboiled, soc. Flour-Patent. SAYS per barrel; straight sggar-Granulated. 5Ac; Y. C.. 4%a4Mc: cut Arrow Ties-45 lbs. SI.Io. Jute Begging-2 lbs. 7h97xc; I% lbs. "A to "a.
 Woodware. Half bound per doz. S3 3Oo Peck Measures-Iron- bound, per doz S2 SO Buckets-Two hoops, SAYS; three hoops S3.0 0O; brass. red cedar, S7oO We'll Buckets-S3. 50. Washboards-SI .75Q2 5O
 Hardware. Nails-wire, S2. 6o Axes-S5. 5oQ6.5o. Cotton Cards-S4 50. Hollow Ware-Country SHn Chain Traces-$4. ood7.oO. Bellows-S4. 5o0Io.
 Hides, Wool Etc. Hides-Green salted, Sc; dry flint, IIxc: dry salted. oc. AO' uiS Beeswax-24c per pound. Shearing-IO@2oc each. Wool-Clear unwashed, 2oc; clear washed 22G25c; bury. 100 Pc; burry, washed, Isfi zoe. IVY
 Drugs. Camphor-70 to 75c per pound. Alum-3ilGD4c per pound. Epson Salts-2h@3c per ID. Sulphur-4c per h. Blue stone-7lk@9c per lb. Copperas-2hc per lb. Blue mass-5oc per 1b. MercuriaI ointment-5oc per lb.
The Montgomery advertiser., 1903-11-18
A. B. Baxter 6 Co.'S Cotton Letter.
 IRv I9ri,,ata Y.Aasah NVirn


 NEW YoFK. Nov. I7.-The remarkably heavy receipts have unsettled confidence for the moment. This was not unexpected how ever, the high price as we have frequently pointed out has induced faster and more gen. eral marketing than ever before and the con- clusion Is that we shall this season witness greater and earlier marketing than be- fore. It does not signify that receipts will continue remarkably heavy for any definite pe- riod The exports are immense. showing that the big movement is nothing more than the natural result of great demand and it is evil dent that Europe does not propose to be again caught mapping. So much bear talk has been heard for some days that hestating bears have been hammerng the market and 1t Is now be- lieved that big short interest has been formed which will lead to early restoration of high level. First prices today were 4G8 points down on poor cables and heavy receipts but soon there was change for the better Receipts estimated at Il8,000, against 62. 900 last year. Bears hammered the market after the rally and renewed weakness set in because of the heavy receipts at interior towns. Cables were easy to l2@l4 loss. Man chester easier.
The Montgomery advertiser., 1903-11-18
Naval Stores.

Naval Stores.
 WILMINGTON. Nov. l7-Turpentine-- Nothing doing; receipts. 55 casks.
 Tar~Firm at si SO; receipts, s6. Crude turpentine-Firm at S2.25@3e0; re- ceipts ll5
 SAVANNAH. Nov. I7.-Turpentine-Firm at 56 receipts, 1902; sales 626; exports. 1859. Rosin-Firm; receipts, 3.7o4; sales 2.3e6; exports. 500; A. B. c, D. S2.I5 E. S2. 25; F, S2. 3o92 35; c. S2 .4o@2. AS; H. SPAS; I, S2.7o; K, S2 30; M, S3; N. 1920; window glass. S3.35; water white. S3 50.
 CHARLESTON, Nov. l7.-Turpentine-Steady at 55h; sales, none.
 Rosin-steady: sales, none; A, B, c, D. S2; E, s2.Io; F, S2.2o; G. S2. 30; H. S2 35; I, S2 60; K. $2.7o; M, 2.So; N. S3; window glass, S3.I5; water white, S3.40.
The Montgomery advertiser., 1903-11-18

wheat-United. States and Canada, east of the Rockies. increased 3.eiS.ooo bushels; afioat for and in Europe decreased 800, 900; total supply increased 3,II2.oo0.
 Corn-United Sttaes and Canada. east of the Rockies, decreased 444, 900.
 Oats-United States and Canada, east of the Rockies, increased 6o4, 1000
The Montgomery advertiser., 1903-11-18
paily Cotton Market.

NEW oRLEANs-Firm; sales. 37oo; ordi- nary, 3-l6; good ordinary. sh; low middling, loh; middling. IoR; good middling, II LIS; middling fair. l 7-l6; receipts, 3oo2I; stock, 245.469.
 GALVEsToN-ouiet; middiing Io%; sales. 2,9oo; receipts, 52, 3o2: stock, 246, 3eo.
 MOBILE-Quiet; midding, lO%; sales 800: receipts See; stock, 44.SI5.
 SAVANNAH-Easy; middling. lo%; sales, l54 receipts, I3.I32; stock. IIe.4i7.
 CHARLESToN-Firm middling, ceipts. I,6o5: stock. I6.4s6
 WILMINGToN-steady; middling, Io.s7h; NORFOLK-Quiet; middling. i0k; sales, 496; receipts. 4.7oI; stock. I7.o99.
 BALTIMORE-Nominal; middling, IIh; re- ceIpts $50; stock 5.s9s.
 BoSToN-Qu.et; middling. lI.so; net re- ceipts 50; gross. l23.
 PHILADELPHIA-steady middling. II55; stock 2955.
 ST. LoUIS-Easy: mIddling. IT.; sales, 30; receipts 1856; stock. s.o77.
 NEW YORK-Quiet; middling. l 80; net receipts PA; gross receipts. 9657; stock, s. 99l; exports to rGeat Britain. 742: to the con tinent. l,o38; to France, SAY.
 Total today-Net receipts. li3679; exports to Great Britain, 3942; to France 546: to the continent, s,5ee; to Japan. 1869; stock, 635. .8S5.
 Consolidated-Net receipts, 225,2 296; exports to Great Britain, 56.ees; to France, 52 6s2 to the continent. 65. l59; to Japan. l,56e
 Total since Sept. Met receipts 3,o69 oI g: exports to Great Britain, sos, l97; to France, 3l9.5o4; to the continent, SlS,495; to Japan, s74e; to Mexico. lS,e7S.
 Now York Cotton Futures.
The Montgomery advertiser., 1903-11-18
Now York Cotton Futures.

Available Supply of Grain.
 NEW YORK, Nov. I7.-Scpecial cable and .elegraphic communications received by Brad streets show the following changes in avail able supplies as compared with last account:
The Montgomery advertiser., 1903-11-18

Cash quotations were as follows: Flour-Steady.
 wheat-No. 3. 72@7s; Mo- 2 red. soaa2. No. 2 corn, 4l lE: No. 2 yellow, 43 No. 2 oats, 33%933% No. white. 34h1 se. Mess pork. per bl.. SII.37hQI Lard per 100 lbs, S6. .e2h06 o5. Short rib sides Qoose), S7.25@7.75. Short clear sides (boxed), SC. 62h@6. .67M. Whiskey, basis of high wines, SIPS
The Montgomery advertiser., 1903-11-18
Cincinnati Provisions.

CINCINNATI. Nov. I7.-Flour-Steady Lard-Steady at 6.7o. Bulk meats-Quiet at $7.50. Bacon-Steady at S5.s7A. whiskey-Steady at SI.25. Sugar-Easy.
The Montgomery advertiser., 1903-11-18
New York Coffee and surar
New oreans Surar.

NEW ORLEANS. Nov. I7.-Sugar--Quiet; open kettle centrifugal 3%@3A; centrifugal whites. 3%93 l3-i6; yellows, SK@3 Ills; seconds, 2k63h.
 Molasses-open kettle, easier at 25@2e; cen trifugal, easier at lo625.
 Syrup-Quiet at 25928.
The Montgomery advertiser., 1903-11-18
Local Cotton Market.

History repeated itself in the future cotton market syesterday-after every decline a sharp advance occurred again.
 Quotations in the local market were as fol-
The Montgomery advertiser., 1903-11-18
St. Louis provixion

ST. LOUIS, Nov. i7.-Flour--ouiet. Whlskey-Steady at Sl.3I.
 Bacon-Steady; boxed extra shorts, Se 25; clear ribs, SS 50; short clear. S0.75.
The Montgomery advertiser., 1903-11-18
Q. ,. Fierce . Co.'S Cotton Letter.

tions will De extreme and buyers on another break win hs able to gst out st . good profit.
The Montgomery advertiser., 1903-11-18
Kansas Citv Live stocks

KANSAS CITY, Nov. i7.-Cattie-Receipts "A. 900 natives. 100 Texans; calves. l,455 ma. lives, 50 Texans; steady to slow. Choice export and dressed beef
The Montgomery advertiser., 1903-11-18
Johnstone & Hammond, i,
 Wareheussmsn and Cotton Brokers.

-ProprIetors.

HURTER COMPRESS AND coLLIsEuM wAREHousEa Prompt careful attsution given shipped
  uonsienments kines quotations