davidaulloa/AmericanStories huggingface dataset:
The Montgomery advertiser., 1904-05-25
WALL STREET. REVIEW
WEAKNESS NOT DUE TO ANY NEWS
 INFLUENCE.
Looked Upon Rather as the Hnsty Get ting Out of Small Speculations Following the Absorption of
 the Recent Incipient Boom.

1 New. York. May 2i.-Prices dropped bacl, easily and practically without opposition today to about the level of last Friday, before the little stir in the market on
 that day caused by last weeks great loan contraction by the banks. The weakness
 was not due today, so far as could be perceived, to any news of any new
 element of weakness. rather 1t was simply recognition of the absorption of
 an fncipient boom and the hasty getting
 out of small speculative holdings in con-
 sequence. The traders who bought
 stocks on Saturday and early yesterday V
 were troubled with doubt before yester-
 days session ended. Their doubts were
 confirmed by the Cavalier fashion in
 which London this morning ignored the
 iaporious achievement of this market in
 ii1ting prices while London was enjoying
 .ne Wnitsuntide holidays. London
 prices reported here before our market
 opened showed declines throughout The
 throwing over of Saturdays and yester- days accumulations was then pretty quickly accomplished. and the market re- tone which characterized 1t during mosf or last week. With the relapse in inc money market the bankers loan bills
 which had weakened the exchange mar ket s disappeared and gold was engaged Tor export Thursday to the amount of
 2oOooOo, all that the assay office could furnish The freedom of the outward gold movement is now more clearly re- cognized as following from the extreme lassitude of demand for securities here as against the supposition that the de- mand for securities was being paralvzed py the fears of the effects of gold ex- ports. The Paris money market showed some symptom of repletion today by ad- vancing the rate of sterling exchange to 70 1rancs II 1-2 centimes compared with last weeks low level of 10 1-2c. Specu- lative depression here was due rather to general Encouragement than to he specinc developments. The strike of Ireisnt handlers in New Haven service ana Tears or spread of the difficulty were regarded. however, with disfavor Funilshed reports of plans for the large curtaliment Of pig iron production were regarded as bad augury for ind,1strv ana business and had special effect on united States Steel preferred. Attention was gwen to the hearing before the interstate Commerce Commission of cnaIges or discrimination by the coal attorney of the United States was lsed 10 give an impression that Government action under the antitrust act wac in contemplation. Some sympathetic effect was caused by the slump in the securities o1 the Chicago Terminal Transfer Com oany With accompanying rumors of 1nanciaI difficulties. The grain markets movements indicate an interpretation of ne weather Bureaus weekly summary favorable to the hopes of the crons hut | ne ne stock market failed to be influenced, Ihe last prices of the day were near fine oWest and the closing tone was heavy md very dull. Bonds were easy. Total Iales par value a,75O,O00 United States | ponds were unchanged on call.
 NEW YORK STOCK LIST.
The Montgomery advertiser., 1904-05-25
FEW AMERICANS
 RETIRE FROM BUSINESS.

In the United States leaders in every me or activity. in politics and busi- ness nave been conspicuously prone to ole' as 1t Is said in harness The ueath or Mark Hanna is a case in poiht' But the list of those distin- sulshed TOT their successful attain ment of wealth and fame who have continued their activities long after the advance of age and the diminution or physical strength must have warn ca them Of the approaching end. is a very long one. In the older countries
The Montgomery advertiser., 1904-05-25
NEW ORLEANS COTTON FUTURES. NEW ORLEANS. May 24-Cotton future
calaweIl, word 0 Co.,s Mnrknt I.,..r

Caldwell, Ward & Co.'S Market Letter.
 NEW YORK, May 24.-In spite of the very poor cables both official and private and the Liverpool market closing very weak at 13 points below last Fridays close the bulls have control of the situation during the afternoon and forced prices in some ope tions even above the high price of yester- day The sudden advance this afternoon is yariously credited to better spot feeling New Orleans reporting sale of I5OO bales The weekly bureau Is also considered buli- tsh and private advices of bad condition particularly regards crop. The effort to cover rushed prices up. Just to what ex- tent the advance in October and December win extend depends upon the staying ouaI- ittes of the shorts, but an interesting phase of the afternoon market was the broadening tendency of public interest which showed a preference for the new crop positions. After the recent decline of nearly I2o points a good reaction is natur al. The estimates for tomorrow at the prin- ctpai points are about half of what thev were last year. Port receipts estimated at $500. against $500 last year Southern spots reported hc lower New York quiet On New Yorks close tonight Liverpool Is due to come to up on old crop. 5 to m up on the new. Wednesday,
The Montgomery advertiser., 1904-05-25
NEW .ORLEANs cnrTnN.

NEW ORLEANS May 24.-There was A good Inquiry today for spot cotton, but of- xeringst continue light. Sales, 2,70O, includ- Ing 50 to arrive and 200 f. O. b. Quota tions unchanged.
 Futures opened at a decline of s61s points and was fairly active. The decline in Liverpool where, an advance was expect- ed. caused further decline of points in July but profit takings by shorts caused A recovery of Is points. The distant months showed similar movement, but in a nahrow- CT way The weekly summary of cotton crop reports sent out from Washington at IT o'clock was extremely bulish, telling of lice. boil weevils in increasing numbers cold nights. bad stands and dying cotton While in the earlier hours prices stayed well below the close of yesterday the crop report sent them up to about the level of yesterdays close. In the trading July first lost 20 points at 12 95, recovered to 13 ii declined to IS. 03 and finally recovered to 15.is- When the session ended the market was steady with net gains of 3@9 points on the old crop positions and scr on the new.
The Montgomery advertiser., 1904-05-25

WHY 17M CENT COTTON WILL EoUAT
 $1. S5 WHEAT.
 In Its Effect on the Stock Market Send for this letter showing what stocL, to buy to make the most money out of ths coming rise. N SAe Orders executed in all listed stocks for investment or on margin. Special atten. tion given to Mining Investments
 Send for illustrated book descrihino pror critics and equipment of R'0P
 GROWN KING MINES co. Information concerning this y.I,.h, property and all other UNLISTED sTOSTS r5ESvts cheerfully furnished ONAS J. |: MCLEAN & CO. Brokers. Main Office, 25 Broad St., New York
 su-wed
The Montgomery advertiser., 1904-05-25
KANSAS CITY HIVE srocx.

KANSAS CITY, May 24-Cattie-Receipts 1.60o, including 50 Southerns. Steady to strong. Export and dressed beef steers, 4.s5 q5 .25; fair to good, 4.0094. SO; West feeders. 3.26@4.75; Southern steers 3. 800 4.7O; Southern cows. 2.30@4. .00; native cows, 2.00@4. 35; native heifers 4. % a 5. 25; /; bulls. 2.S0@4.00; calves 25c lower, 2.75@ ATS.
 Hogs-Receipts. 1o5oo. Market steady to Toe lower. Top. 4.50; bulk of sales, {. 35 O 4.60; pigs and lights. 3.70@4.4o.
 Sheep-Receipts. 5000. Market strong to 10c higher: native lambs, 5.5O96.10; Vest ern lambs. 5.5047. %: fed ewes. 4. .500 5 %; Texas clipped yearlings. 5.00Q5.75; Texas clipped sheep. 4,5o@5.00; stockers and feeders, 3.70@4.7O.
The Montgomery advertiser., 1904-05-25
MARINE NEWS

NEW ORLEANS.-Cleared: Strs. Eton- Ian, Br.. Jacobsen. Havre; Rosina, Br Hurry, Ceiba.
 FORT EADS.-Arrived: Strs. Roslna, Br., Hurry, Ceiba: Alps. Ger. Bruns. Port Li- mon; Nor. Nor. Olsen. Vera Cruz
 MOBILE.--Arriyed: Strs Eidsina, Yes sen, Havana; Trumnia, Nor, Morgensen Santiago. Cuba; Hispania. Nor, Seeberg, Bocas del Toro Cleared: Str. OIivemoor. Br,, Taylor. Manchester; schr. Alex M. Lawrence. Backer. Iriona. Honduras
The Montgomery advertiser., 1904-05-25
AVAILABLE SUPPLIES.

NEW YORK, May 24.--Special cable and telegraphic communications received by Bradstreets show the following changes in available supplies as compared with last account:
 Wheat, United States and Canada east Rockies. decreased 2.345, 1000 bushels; afloat for and in Europe Increased I,700, 900 bush els; total supply decreased 645, 900 bushels
 Corn. United States and Canada east Rockies, decreased 1,734, 900 bushels
 Oats. United States and Canada east Rockies, decreased 1905, 900 bushels
The Montgomery advertiser., 1904-05-25
CHICAGO GRAIN AND PROVISIONS.

CHICAGO. May 24.-An unexpectedIy small decrease in the worlds visible supply
 caused weakness in wheat today. Weather
 conditions also were bearish. At the close
 July wheat was off < ole, corn down %c,
 oats A Q 14c lower and provisions from 7hc
 to 12hc lower
 character as support, wheat opened with an inclination toward lower prices. The eff Feet of the bearish private crop reports of yesterday was still potent influence the majority of the pit traders being disposed to sell July opened unchanged to kc lower at STA @s7%: Excellent weather continued 10 improve the condition of the growing crop and helped to bring out additional selling orders. The May delivery was es- pecially heavy and the weakness of that op- tion had a tendency to depress the deferred futures. A general expectation of increas- ing primary receipts was another element against which the bull leaders had to con larged receipts were realized by returns from Kansas City, where 12O,0O0 bushels were received and only 36,0OO bushels shipped. During the last part of the ses- sion oearlsh sentiment was emphasized by Bradstreets visible supply statement which showed decrease of over 6e4 OOO bushels. against decrease of nearly 4.0Oo,- GOO a year ago. The weekly Government re- port indicated marked improvement in crop conditions. As a result there waS much realizing late in the day. After selling down 70 ooA July closed at S6% @S6h. May ranged between s4k and 9s. closing at s5T. Clearances equaled T1,300 bushels Prinarv receipts were ss5.soo bushels. against 3Is.- goo year ago Minneapolis, Duluth and Chicago reported 1os cars. against 62 last week and 239. a year ago
 weak undertone was manifested in corn. the principal bear factor being favorable weather conditions Under the impression That the country movement would soon show an increase. the majority of traders were inclined to the bear side. The demand came mainly from shorts July opened a shade lower to a shade higher at 4SK ap4sss sold down to 47h and closed at 47M D47& Receipts. S12 cars. 4S contract
 Oats were influenced by wheat and corn. There was considerable profit taking in May ana July. The market closed near the low est point of the day. July opened Mc lower at SS declined to S7% and closed at 37X Receipts. PA cars. ~'
 ProVlsions were easier in sympathy with grains There was some buying of rIha early but as soon that demand was sat isfied the market became Iistless Jniv pork closed 7hc lower at II .OO; July lard and ribs were each unchanged at .S2 and 6 40 respectively.
 Estimated receipts tomorrow Wheat. 4 1 cars; eorn' 21O; oats. 97: hogs, 30,OOO head
 The leading futures ranged as follows:
The Montgomery advertiser., 1904-05-25
NEW YORK DRY cooDs

NEW YORK. May 24.-Buyers of dry goods were present in large numbers at the auction sales and while good prices were goods were bought at low figures. Other tobbers had successful day on special sales The market at first hands is prac- tically unchanged Prices are being held tentatively and buying for the future is re- stricted. ',
The Montgomery advertiser., 1904-05-25
NEW YORK COFFEE AND sUoAr,

NEW YORK. May 24.--Coffee-Spot Rio qulet; No invoice. 6M. Mild quiet. Cor dova, 10@13.
 coffee futures were steady at a partial advance of points moderate buying movement by Wall Street in the absence of aggressive offerings The purchases were encouraged to some extent by small interior santos receipts and while the demand was not particularly active the market showed firmness during the session and closed net 1o925 points higher. Sales. 2.5oo bags June .. - e0 July. .. K 7s sSep.ohiper''. .sss .... .5 96 06 % TeSeiDef ...s ..ss .sss ss....6.Zb Sanuary. .-.. ....6.35 .''. ....b. 5U Q6. 55
 sugar-Raw firm; fair refining, 8 7-16; centrifugal. e6 test. 15-16; molasses su- gar. 3-16. Refined firm; No. 6, 4.55; No '. 4.50.
 All grades of refined sugar have been advanced Sc per 100 pounds.
The Montgomery advertiser., 1904-05-25

LOCAL WhOLESALE PRICE, The quotations are:
 Country Produce. The quotations follow: Eggs-12 Q15c. Pouitry-Hens. s2c apiece; frying size, zoe 22c.
 POtatoes-1rish. s1.oO@1.1S per bushsl; sweet potatoes. 75Qsoc. Jemons-Per box. $2.50@3. .00. Rice-No. l, 6c: No. 2. 4hc. Peanuts-Per pound. 6h @Sc. Pineapples-Per crate. $2.60@2.75 Beans - Choice. hand picked navies. S2.75 red kidney beans. $3.so; Lima beans SAC per ID. Cheese-Per lb.. 14hc. Bananas-Per bunch. s1.75@3.Oo Onions-Per bushel. S5c Cabbage--Per h., 1hc. Apples-Per bushel 50 soc; per bbI.. sG Cranberries-Per bbL, $10. Celery-Per bunch. 35 060c. Malaga grapes-Per keg. $4.5o. Cocoanuts-Each. 4c. Florida oranges-Per box, S2.7S
 Provisions. Bacon-7Ac. Dry salted sides-7%c. Lard-Leaf. 7%c. Meal-62 E @ S5c per bushel. Oats-White. 5oQ6oc; mixed. Soc Corn-White, 72 1s Q 75c per busheL 7%c: Michigan. 25O-pound barrels. si'75 Butter-Jersey. 2OQ26c; Tennessee coun. try, 25c. Syrup-Fancy 4Oc; reboiled. soc. Flour-Patent. $5.75@s.OO per barrel; straight. $4.75. susar-Granulated. 4Ro; Y. c. 4%0 Ghc; cut loaf 6Ac. Arrow tes-45 lbs, S1. 10. Jute bagging-2 lbs, 7hQ7%c; IN lbs. 7A @7hc.
 Hardware. Nails-Wire. $2 60. Axes-S5 .50@6. 50. Cotton cards-$4.b0. Hollow ware-Counsry. 3kc Chain traces-$4. .00@7.00. Belows-$4. 5O9lO.
 WOOdwaFe. Half bushels-Iron- bound. per doz, Sa. 0O Peck measures - Iron-bound. per doz. 42. 50. Buckets-Two hoops. S2.75; three hoopA $S.O %; brass, red cedar, $7. %. Well buckets-13 SO Washboards-Sl. .75 92.5o
 Hides, WJOl, Etc. Hides-Green saltea. Go: Cry flint, II :as; dry salted. l0c Beeswax-24o per poupd shearing--lO 20c cash.
The Montgomery advertiser., 1904-05-25
NEW ORLEANs suGAR.

NEW ORLEANS, May 24.-Sugar strong; open kettle. 2% @3 3-16; open kettle centr- fugaL 3@3B; centrifugal whites. 4KQ4M; yellows, 3& Q4 5-16; seconds, 2&r@3M
 Molasses nominal; open kettle, 2O@25: 10@15.
 Syrup nominal. 20Q25,
The Montgomery advertiser., 1904-05-25
NAVAL STORES.

SAVANNAH, May 24.-Tnrnertir. ,,rr, 54 sales, 544; receipts. 7,477; exports 9lS- Rosin firm; sales 1,S22: receipts. a. 9ol; exports, goo Quote: A. B. c. D, 2. 65; K: 3.lo; NJ, 3.2O; N. S.So: w G, ss5; W
 cHARLEsToN-TIr -TIrpentine firm, sax. 2.65: F. 2.7o: c. 2.70: H, 2.75; I. 90; K S.O5; M. s.1o; N. S.10; W c. 3.45; W w,
 MINGToN.-Turpentine nothing do- ing' receipts, 76 casks. Resin nothing do- ing; receipts, 72. Tar firm. 1 90; receipts ss: Crude turpentine firm. 2.T5. 400 and
The Montgomery advertiser., 1904-05-25

S....-,.SI.N VI. Nn.N ANfAA AA AONtohONSs CINCINNATI, May 24.-Flour dull. Lard steady, 6.02h.
 Bulk meats quiet, GAS. Bacon easy, 7.50. Whiskey steady, 1.2S. Sugar firm.
The Montgomery advertiser., 1904-05-25
sT. LOTTIs PROyIS,ONs

ST. LOUIS. May 24-Flour steady. Whiskey. 1.32h.
 Pork lower; jobbing, 11.12h. Lard lower; prime steam, 5.S7h. Bacon steady; boxed extra shorts. ' o0; clear ribs. 7.37h; short clear. 7.62h.
The Montgomery advertiser., 1904-05-25
DAILY COTTON MARKrr.

NEW ORLEANS, May 24.-Cotton steady. eates- 2.100. Ordinary. 10 I1-I6: good or5in' afy, IF: low middling. I2K; middline 1a Eooo middling. 13 5-1s: middling fair. ia ii, 70. Receipts, S9s; stock. 16s, ,9gs
 M GALVESTON.-Steady; middlinr 1su receipts 2.S32: stock. I7.432.
 M0BlL.E.--Nominai; middling. i2x: re- ceipts. 63; stock. 3.726.
 sAFANNAH.-Easy; middling IsH. ra ceipts, s65; stock 3i,Ss3 " stock. 2.5s7. A'' oss. V s,oek' g.
 NoRFoLK-Receipts. 25o: stock. s.o7s.
 BALTIMORE. Nominal: n5iddlfng 1d 20: receipts 80; stock, 73s
 6osToN.-steady; middiing. 1s ss: net
 PHILADELPHIA. = Steady; m,dsl,nv l7. SO; stock, 1445. e'
 SI. LoUIS.-Quiet: middlinR. IA. rs ceipfs 12: stock 1199s
 NEW YORK.-Cotton quiet: mfddIinS xS sSD; gross receipts. 1S2; sales 55S; stoci es.Sse: exports to the continent 1, so4
 Iotai today: Net receipts 45s4. exnorts so m France. s.4oo; to continent 2,0o4; stock Gonsolidated: Net receipts 11,12s; ex- ports. to Great Britain. 3.097; to France. se- 500; to continent 4,S63; to Mexico. E.
 Total since Sept. 1: Net receipts. (. .e7a slA. exports, to Great Britain, 2sss eSs. 70 France. 6so,o52: to continent 2,4Ss'sf0: te Japan. 4l.s32. 'V'
The Montgomery advertiser., 1904-05-25
ARTICLES AO4io"s'

July ....I.1O 11.15 1o.s5 HOO
 Lard, per 100 lbs July s.35 $40 s.sO s.s2x september 657h e.57h 6.47K $50 July s.45 6.45 637h $40 september S.60- 6.52h 6.55 6.57K Cash quotations were as follows;
 Flour-Weak
 Wheat-No spring 929sS; No s ss0 95; No. red Los 91. O6. 0' '0~ @5O. 'e''o"' 4sh ea oats-No, ?. 4oh @4O%; No. white. ss Lard, per 100 lbs. 6.25@s27K
 snort rios sides loose, 6.25@637h
 short clear sides. boxed, .2596.5o
 "hlskey. basis of high wines. l.2s.
The Montgomery advertiser., 1904-05-25
MARKETS FOR FUTURES
HEAVY SELLING BY BUYERS OF
 THE DAY BEFORE.
nAotts Take Advantage of the Low Level te Cover, and There fs Gain in Prices soon After
 Opening Decliae.

NEW YORK. May 24-The cotton market opened weak at a decline of 6D points under heavy selling by yes- apparently, by the disappointing ca. 1leS, particularly as concerned with t1e spot market, which reported sales 2. only 1000 bales at decline of I2 SngtIsn points. It soon developed, however. that large short interests were utilizing the lower level for cov- sr1ng, and shortly after the opening, k.tces began to improve. The New Or ieans leader bought some May on the eati and afterwards bid for July. thus xearousing apprehensions of a possi- p.e corner and before midday prices ssss ee recovered all their early loss. At weatner bureau was read and proved much more bullish than generally ex- Psctea as 1t said practically nothing S1 1aForaple nature. The report was followed by a scare of shorts on bofh <n ne o,u and new crop months. Soon af- ter It's publication, July was selling k1sunu knsnu ts.eI and October to 1899, these Deink net gain of 10@14 points, re- epectlvely: Such advances as these anordlng buyers at the low point of rne morning of about 23 to go points, fha re cas,n roaowed by heavy realizing. but " cotton was pretty we'll absorbed ana the market was finally within 4 10 points of the best, closing steady net Rosnts on May; unchanged on Juna ana From to IF points higher on ths other positions. Trading was feverish. " 4ctive during the end of the session 1n4 tne increased activity of commis- r,Vn sH houses suggested broadening ouf or public interest. In addition fo tbs 9aliisn bureau report the afternoon llmness was helped by the larger ex- POTS, which reached 11,404 bales for car,s,s cnr nsy y ana while receipts at the ports SoMpaIed very favorably with last ysar the interior movement is stili ss,noWfns considerable Falling of. IT ne early decline was accelerated by lne Iavoracle weather accounts for the 1ay temperatures being generaIiv nisn. Spot sales in the local market were S5S bales to spinners at unchanTs . se paIces ac Sales of futures estimated
The Montgomery advertiser., 1904-05-25
NMW YORK COTTON FuTuRns

NEW YORK. May 24-FolIowing were khe quotations on the cotton exchange to-
The Montgomery advertiser., 1904-05-25
TREASURY BALANCES.
LOCAL MHoLEsAIE PRICE

RAAAAENCIo. WASHINGTON, May 24.-Treasury bal ances. $l63, 0O9; gold. $62.747.S55.
The Montgomery advertiser., 1904-05-25
). E. FIERCE CO.'S COTTON LETTER.

tDs Wlfe rum olDert & Sldy.l !. NEW ORLEANS May 24.--There was a change for the better in cotton today A slight improvement in the inquiry for actual cotton and additional complaints of injury to the crop in the cas- ern belt as a result of deficient rainfall sufficed to dispel the pessimistfc temper to some extent. Liver pool showed willingness to improve some what but the fact developed that spinners were not in urgent need of the staple and small sales of 1000 bales at a concession of 12 points rather exercised a discouraging in- fluence. Initial trades were effected here at decline of about $l .00 per bale on summer deliveries, but shorts seized this fa- vorable opportunity to cash profits and with the events of the day prices recovered until fair advance was established. The ma Jority of traders seem to be waiting for some definite move on the part of big bulls Should it develop that this slight improve ment in spot inquiry Is the precursor of a serious quest for actual cotton by spinners, 1t would be no task at the moment to ele- vate prices, especially with crop com plaints in evidence, but without indications of substantial spot demand, considerable difficulty will be experienced sustaining the market. With manipulation in the pros pect, however. one may be prepared to ex- pect anything.
The Montgomery advertiser., 1904-05-25
LIyERPoOI CoTToN rr,rrnrs

~ EnfOOL May A.-Cotton futures oRenea barely steady and closed quiet AInerIcan middling. g O. d tN.e'.
The Montgomery advertiser., 1904-05-25
U. A n. nrrR,s cnrrnN LErrEs.

tBy Private Wire 10 Caldwell Ward e Col
 NEW ORLEANS. May 2i.---As Liverpool was very disappointing our market opened IF to 20 lower on the near positions and about on the late. Shortly after continued liquidation caused an additional decline of to $. subsequently,. through the fear of America and the bullish weekly weather report forced an advance of 17 to 31 from the bottom. Room traders realizing near making the net gain 6 to points on the day. The summary of the weekly weather report was as follows: Cotton continues ing the past week throughout the cotton belt, low temperatures being generally re- ported as detrimental Improved stands are reported in portions of the Central and Eastern districts, but Irregular stands the rule. Chopping continues and the fields are mostly cultivated Lice are very ex- tenstvely reported from the Central and Eastern districts and boil weeviis continue ral cotton counties in Texas"
 Notwithstanding the discouraging advices from Liverpool, the steadiness of the Amer- can market is significant IL only proves that operators generally do not care to have any interest in the summer months and every effort is being made to have the trad ing confined exclusively to the crop options. While the statistical position has weakened considerably during the past eight weeks. there Is nothing in the figures to warrant speculative short selling. If an interest of this kind were to be built up by any wishing to take a dangerous risk, the chances are that those under the mar ket would bid up prices to fancy level. Under the circumstances we must again urge our friends against having any specu- lative interest either side in the old crop months. as it is too hazardous The new crop months are growing more active daily and were enhanced on the unfavorable weekly weather report, coupled to pessimis- | tic crop adyices from various sections of the South.