davidaulloa/AmericanStories huggingface dataset:
The Montgomery advertiser., 1904-07-15
WALL STREET REVIEW
MARKET SIMILAR TO THAT OF THE
 DAY BEFORE.
Strength and Weakness Discernibie u" Outside Business-Prodt Taking in One Quarter Being onset
 by Advances Elsewhere.

New York, July 14.-Todays stock
 market was similar to yesterday
 the extent that strength and wear
 ness were discernible in outside busi-
 ness. profit taking in one quarter pelns
 onset by new advances in ahotnei
 But the reactionary note was ratnea
 more dominant than yesterday ana .ne
 late market failed to respond m 'he comprehensive rally. This was partly
 because the traders who fought the advance were more cautious than yes
 terday in putting out short lines, lne
 forced covering of which yesterday was an important factor in the late raliy.
 The volume of dealings today was con siderably less than yesterday. ihe
 market was still one of a god deal ot animation and breadth and good ao-
 sorptive power or the large onerlngs
 to take profits when they were thrown
 upon 1t. Probably the most potent
 factor in the reaction was the absence
 of decision on the Northern securl,ies
 distribution case. The ad5ournn'1,u1s na',ns
 of the Northern Pacific stockholders in- dicated that their previous adjournment
 until today was not with denn1te ln-
 formation of the date of the Northern
 Securities decision. as was assumed
 yesterday. Some incogruity was recoG-
 nized in the simultaneous upward
 movement of Union Pacific and North
 ern Securities, which occurred yester-
 day on the rumOr of this declSiOH, which must necessarily be to the ad-
 vantage of one party and at the cost or the other. The speculative nature or yesterdays movement in those stocks
 thus strongly pointed to increase the disposition to sell them and take profits. A blunt pronouncement from the Presi- dent of the Northern Securities Com pany of scepticism of the government s wheat crop estimate as far too liberal and a frank admission from the presi- dent of the Atchison of the serious damage to crop wrought by the rains caused more serious attention to be given to that important question than yesterday and gave added effect to the rather alarming estimates by the Kan sas State agricultural officials. The violent rise in the wheat market was an additional warning and the govern
 ment report on the condition of foreign crops did not reveal the amount o1 damage there that has been held tc account for the recent strength in oul wheat markets. On the other hand the more favoring condition of the cot | ton crop and the renewed foreign de mand for that staple proved of some | benefit to the cotton carriers. notably Railroad. The market closed irregular | and slightly above the lowest. The bond market was quiet. Total sales pal value $2,790,000. United States bonds l were unchanged on call.
 NEW YORK STOCK LIST.
The Montgomery advertiser., 1904-07-15
OPENING OF THE PORTS.
Correspondence of United States al
 China Regarding Manchuria.

SVhNcSpOHuchcC states ana
 China Regarding Manchuria.
 Washington. July 14.-An interest ing thing in connection with the neso- tiations for the trade treaty between the United States and China is disclos- ed by the diplomatic correspondence between these two countries now made public. The persistence and vigor with which this Government pressed for the opening of Manchurian ports Is shown.
 Early in the negotiations the Chinese Government informed Minister Conger that the Government was obliged to consider commercial conditions and that at that time it was not convenient to mention the matter of open ports in the treaty MT. Hay instructed Mir. Conger to reply that this Government could not for a moment admit that fits most reasonable request, alike bene- ficial to both countries and to the com merce of the world. should be brushed aside in the manner the note (Chinese) suggests"
 MT. Conger further was directed to impress on the Chinese Government the painful surprise its unwillingness to comply with our request has created in the United States"
 The Chinese Government thought this Government should be satisfied with a verbal note and not insist in putting the matter of open ports too plainly in writing.
 MT. Conger again was instructed to urge compliance with requests for ports and was advised that that point must be included in the treaty. Prince Ching in note to MT. Conger said 1t was absolutely impossible to China to take any action as long as Russia oc- cupied Manchuria. MT. Conger, how ever remained firm and finally secured an agreement for the perfection of the treaty. with provision for the opening of the ports, which treaty subsequent ly was signed.
The Montgomery advertiser., 1904-07-15
NEW YORK DRY GOODS.

NEW YORK, July l4.-The dry goods
 market is still more satisfactory in that sellers decline to grant concessions on the majority of lines. With curtailment larger than the majority were aware of the sftua- tion 1t is believed. is bound to improve The wage reduction in Fall River has been decided upon. but 1t has had little effect so far on the local market.
The Montgomery advertiser., 1904-07-15
NAVAL STORES.

SAVANNAH, July 14.-Turpentine firm 5$s; receipts l44l; sales 4s5; exports 232. Rosin firm; receipts. 3.3l2; sales, g. 40; exports. 5.929 Quote: A. B. C. 2 50; D, 2.55; E 2.6o62.62h; F. ? 65@2 s7 1A , G. 2.7o H. 2.S7 F; I. 3.45; K. B. 53; M S.s5; N, 90; W c. 4 40: w w. 40
 CHARLESTON.-Turp firm. 52& : sales. Resin firm; no sales. Quote: A. B, C. 2.37ls; D. 2.42ih; E, 2,47ls e SO: 3.22A K, S.30; NJ. 55; N. 8. 65; W c, 4.15: w W, 4.45.
 W1LMINGTON.-Turpe quiet 62Ih i: receipts. 112, Resin firm. 2.25 bid; receipts 252. Tar firm. l so; receipts, 27. Crude turpentine firm, 2.25 400 and 4.25; re- ceipts, 109.
The Montgomery advertiser., 1904-07-15
TREASURY BALANCES. WASHINGTON, July 14.-Treasury bal ances, s155,514,744: gold, $56, 156.o29.
MARINE NEWS.

MARINE NEWS.
 NEW ORLEANS-Cleared: Strs. Anselr, Br., Rivara, Puerto Cortez.
 PORT EADS.-Arrived Strs. Condor. Nor. Boe. Bluefields; Gyller, Nor. As hager. Puerto Cortez; Ell Aba, Quick, New York. Sailed: Stvs. Nedenes, Nor, Sven- ningsen. Mobile: Spero. Nor, Iversen, Liv- ingston: Buckman. Nader, Port Limon: Anselni. Br, Rivara- Puerto Cortez.
 MOBILE.-Arrived Strs Vedenas, Nor. Svennngsen. New Orleans; Colombia, Nor. Hortgberg, Bocas del Toro.
 KSONVILLE.-Cleared: Schr. Wol- fleet. Rutledge. Ponce, P. R.
 CHARLESTON.-Arrive Str. Graphic, Br., Bolton, Hamburg.
 NEWPORT NEWS Arrived: Str. Andes, Ger. Gortz, Havana.
 KEY WEST.-Arrived: Strs. Miami White. Port Tampa and sailed for Ha- vana; Martinique. Dillon, Miami and sailed for Havana.
 PENsACoLA.-Cleared strs. Blackheath Br., James, Aberdeen and Tyne; Jacob Bright, Br. Anderson. Greenock. Sailed Schr. Edith G. Folwell, Kelsey. Punts Gorda- IT. kM '
The Montgomery advertiser., 1904-07-15
KANSAS CITY LIVE STOCK.

KANSAS CITY. July H-Cattle-Re- ceipts, 1000. including 400 Southerns Strong to 15c higher. Choice export and dressed beef steers. 5. .60@s, 25; fair to good 9 q 5 50: Western fed steers .0O; stockers and feeders 2.7564.5o: Southern steers 2.750 4,75: Southern cows. .35 a 50; native cows. 2 2.ood4.OO: native heifers. 3 oo@5 .oO; bulls, 9. .5064. %; calves .5065.O0
 Hogs-Receipts. 2.O00. Market 2s64oc higher. Top. 5 45; bulk of sales. 5 15 d5 S5 {; heavy, 5. 30 05 45: packers 5 20 G , 40; pigs and lights, 4 50 a 3 30
 sheep-Receipts, none. Nominally steady Lambs. 4.25d6.25; fed ewes. 3 25G3 Texas clipped yearlings. 3 3.75T4.75; Texas clipped sheep. 3.5OG4.0o; stockers and feed CTS. 2. 2.5094.00.
The Montgomery advertiser., 1904-07-15

was observed at our opening and the fluc- tuations that followed were confined to a narrow range with trading very light In- fluences other than the foreign manipulation were not of especial interest The weather map was satisfactory, Mississippi alone re- ceiving a too bountiful supply of rain. but the forecasts promise clear weather in that state High temperatures are reported from several Texas points. ana Tears or damage by hot winds created uneasiness among shorts, alleviated later by indications of an almost immediate movement or new cotton from San Antonio. The season mas about arrived for the receipt of reports of damage of a greater or less alarming tenor. and 1t is entirely reasonable that many or these reports will have a sound foundation and actual loss be sustained. indeed, were 1t probable that the yield should material ize on a basis of present promises prevail ing prices would be far out of line. While such reports will for some time furnish a basis for sharp advances, we are inclined to the opinion that when the acreage and con- ditions are considered final results will show they are worthy of less consideration
The Montgomery advertiser., 1904-07-15
Establishing River Stations

Mobile, Ala, July 14.-L. A. Denson. United States weather observer at Me ridian. Miss. under instructions from Washington, is establishing river sta tions at Merrill, Miss, on the Pasca- goula; Hattiesburg. Miss, on the Leaf and Enterprise. Miss, on the Chicka- sahsy rivers.
The Montgomery advertiser., 1904-07-15
NEW YORK COFFEE AND sUGAR.

NEW YORk, July IF.-NOIIee-Spot RIO steady; mild firm.
 SuRar-RaY nominal; refined quiet,
 Coffee futures opened steady, unchange to 3 points higher in response to higher German cables. Trading was very quiet and the market after the opening showed little feature. closing quiet, net unchanged to points higher. Sales. 7,50O bags, September. .... ,... .... .,,, 6 05 d 10 December. ....6 .35 March ..,,6 65
The Montgomery advertiser., 1904-07-15
G. E. PIERCE S cos COTTON LETTER.

(By Private Wire from GIbert x CIay.)
 NEW ORLEANS. July 14-Liverpool fol- lowed the course laid out some days ago. recording gains in near and later options of from 6 to 13 points and spot sales of l2, 900 bales were sufficiently large to minimize the importance of the slightly lower prices at which they were effected July August op- tions have reached price admitting of no question of the gains to be derived by de-
 liveries made from receipts on contracts of the earlier month in our market. Cables reported business in cloths and yarns in Manchester as quiet A moderate advance
The Montgomery advertiser., 1904-07-15
Caldwell. Ward & Co.'S Cotton Letter.

NEW YORK, July 14.-Spinners continue active buyers of spots in Liverpool. their purchases today amounting to 12,0o0 bales. No argument Is needed to show that with receipts of only a paltry thousand or two per day takings out of Liverpool stock at the rate of over 10000 daily must soon bring the supply down to dangerously low ebb,
 in fact that point seems to have already been reached and it is not surprising to find the bull movement in the summer months progressing steadily with increasing pros poets of final success Our market gained
 20 a 26 points on near and 11612 points on far months, but trading has been light and operators both sides are waiting for something to develop. The market is
 hoping that the present deadlock would be broken when new cotton begins to come in
 sufficiently to be a factor. the other side
 meanwhile seems to be content to rest on its oars in the belief that the present brilliant
 crop prospects will soon change for the
 worse and that a successful raid on the
 over extended short interest would be very
 easily accomplished. There does not seem
 to be any general conviction that prices will
 maintain permanently higher level, but
 there is a strong belief that the present shorts will be forced to and in get ting out win put the market up material ly on themselves. Business in the dry goods line is daily showing improvement, not only in Manchester, where from all accounts Is doing an excellent business but also in this country, and it is universally recognized that any revival of demand for manufactured
 goods after the long spell of inaction would lend substantial support to bull operations, even of a temporary nature. The market today shows a striking indifference to all new influences. The fine weather prevail
 Ing generally caused no weakness while a \ report of the burning of 1000 bales in Lam
 cashire district equally without effect. Towards the close some covering by shorts in August and September caused an advance in those months of about 10 points and
 brought the whole list up to the highest prices of the day.
The Montgomery advertiser., 1904-07-15
ST. LOuIs PROVISIONS.

ST. LOUIS. July 14-Flour firm Whiskey steady. 32h.
 Pork lower; jobbing. 12. 70.
 Lard lower; prime steam 35 Bacon steady; boxed extra shorts 6,26; clear ribs, 6.37h; short clear, 6 s.5O.
The Montgomery advertiser., 1904-07-15

C. c. c. & St. Louis gen. 4s. ....... .101h Chicago Terminal 4s .... .... ..,..... 73k Consolidated Tobacco 4s .... .... .... 64
 Colorado & Southern As .... .... .... SAX Denver Rio Grande 4s .... .... .. 99& Erie prior lien 4s .... .... .... .. sSH Erie general 4s .... .... .... .... .. s5A Fort Worth & Denver City 1st .... ..104h Hooking Valley 4hs .... .... ......107A Louisville & Nashville unified Is HOO
 Manhattan consol gold As .... .... .1o5h Mexican Central 4s 62A Mexican Central list Inc. .... .... .... 14% Mnn & St. Louis 4s .... .... .... .. s6k Missouri, Kansas & Texas Is .... .... s9
 Missouri Kansas & Texas Ends .... .. s0h National R. R. of Mexico consol 4s .. T7
 New York Central general 3hs .... 99x New Jersey Central general 5s .132h Northern Pacific 4s .... .... .... ..104N Northern Pacific 3s 15
 Norfolk & Western consol Is .... ....101A Oregon Short Line As & Partic. .... .. 77A Pennsylvania conv. 3hs .... .... .... 97A Reading general 4s .... .. 99h St Louis & Iron Mountain copsol 5s .116
 St. Louis & San Francisco fig. 4s 61x St Louis Southwestern 1sts .... .... 96A Seaboard Air Line 4s .... 6S
 Southern Pacific 4s .... .... ...... 93% Southern Railway 5s ....115
 Texas & Pacific 1sts ..119
 Toledo, St. Louis & Western 4s .... .. 72
 Union Pacific As ...1O4 2 Union Pacific conv. 4s .... .... ..101b United States Steel End 5s .... 7S% Wabash lsts .... III n Wabash Deb B.. -... .... oS 1s Wheeling & Lake Erie 4s .... .... .. 91h Wisconsin Central As 90
The Montgomery advertiser., 1904-07-15
NEW ORLEANS COTTON.

NEW ORLEANS July 14.-In the spot cotton market there was good demand at full prices. Sales. 4175, including 2s5 to arrive and 1850 f. O. h. terms. Quotations of middling and higher grades advanced 1-I6c.
 Futures opened steady with prices from B to II points higher. Both Liverpool and New York were better than expected The market early had but little support other than that offered by short coverings which was caused by manipulation being carried on by the bull clique in Liverpool. San An tonic offered 100 bales of new cotton, for shipment next Tuesday and this added to the almost perfect weather conditions throughout the belt and the report that picking had been commenced in southwest Louisiana did much to hold prices down against the Liverpool bull manipulation. August opened 10 points higher at 10 69 and sold up to 10. 91: october opened 6 points up at 944 and advanced to g. .53. The market closed firm with July up net 25 points. August 32. September 2i. and II 10 IS points on the other positions.
The Montgomery advertiser., 1904-07-15
H. S B. BEERS COTTON LETTER.

(By Private Wire to Caldwell, Ward & Col
 NEW ORLEANS. July 14.-Higher mar kets today are due to the continuance of a good spot demand at Liverpool where spinners are buying freely and to a good inquiry in American markets for actual cot ton against sales for delivery in the Eng fish market: sales at Liverpool today 12.- 900 bales, compared with 10000 same day last year; thus far this week. 40. 900. against 90, 900 last year. while receipts for same pe- riod. total 1000. against 1000 last year. In telligence of temperatures above 100 in northwestern section of belt yesterday was also instrumental in influencing contracts at Liverpool to a higher level. futures there closing to points up on near months. higher than last night for far deliveries. whereas a small decline was looked for. such as took place in spots here, middlng being reduced points. It is not unusual for Liverpool to make good sales at this time of year, the weeks business of current week one year ago amounting to 5000. week after to 57000. but what makes such takngs so important at this season Is the small stock there. last Saturday 32s,0o0 of American. last year 394. .0o0. and little or no chance of securing any quantity of either old or new cotton before middle of Sep tember all United States ports holding s.. 5s0 bales less than one year ago. 150.362. compared with 230, ,942. After opening about points higher than yesterday with Octo- Der at 9.45. New Orleans sold off to 9. 42 on favorable weather advices and on reports of San Antonio. Texas. offering 100 bales of new crop shipment first half of next week, and information that picking had be- gun in Cameron Parish, southwest Louisi- ana. Our inquiry into the offer of 100 bales of new cotton developed the fact that 5S bales on hand at San Antonio was stubble cotton, not of this years growth. and as there a very good demand for spots in the local market prices for futures work ed upward in the afternoon, closing at about the highest of the day. Spots here closed steady at an advance of 1-16 for middiing: 11%; sales s.2oo; to arrive. s25 AS an influence on the market. the improved demand for spots had more effect than did the more favorable weather conditions, there being litle or no rain in the belt, and while temperature for Galveston district averaged uncomfortably high, s6.7 "A. the average was a little lower than yesterdays, 9S.72. Liv- erpool appears to be in control of the situa- tion and whether or not crop accounts con tinue favorable. American markets will he more or less influenced by the course of the English market and character of demand for spot cotton.
The Montgomery advertiser., 1904-07-15
NEW ORLEANS SUGAR.

NEW. ORLEANS. July 14.--Sugar strong open kettle. 2% @3 3-16: open kettle cen trifugal. 363%: centrifugal whites, 4A e A. yellows, 3% @4 5-16: seconds. 2% @3x
 Molasses nominal: open kettle. 20W25 centrifugal, 10@15.
 Syrup nominal, 20@25.
The Montgomery advertiser., 1904-07-15
CHICAGO GRAIN AND PROVISIONS.

CHICAGO, July 14.-Rains in the North west and in Kansas caused an advance of 2%c today in July and 1c in September wheat. Under pressure of profit taking. however. there was a reaction. the cash month closing II Sac higher, while September left off 12c lower Corn closed %c down; oats unchanged and provisions 10@22hc lower
 Weather and crop news was of an almost sensational character. Short sellers con- cluded there was very little mercy for them in the conditions developed by the renewed rains and were desperate buyers Old July wheat which closed on Wednesdays ad- vance at 95h, opened today at 97@ 971s and moved up to 99A. New July sold 95A to 961s and went to 97& New September started at s71a and ss and went to ssb. Then followed a period of heavy profit talk
 ing. Prices went quickly back. old July to 9sh to 97 and new September to ssh to S7A. One of the principal factors in the advance was the official report of the Kansas bureau declaring that long contin- ued rains have made 1t impossible to save the grains as wheat in merohantable con- dition and placing the harvests since July at 5o,00o,o00 bushels. From Nebraska most serious claims were made of rust the State bulletin putting the yield at 30 to 60 per cent to crop. Liverpool was as d to I'd higher. English country markets were reported as buying wheat at s1 a bushel in Tennessee. Heavy rains appeared over the entire Northwest. In the face of some excellent buying the realizing sales {, depressing the market to the low point at the close. July held part of the advance, resting at 97 for old and 96A A for new. New September, after a rally to S7 s in the last hour settled back to a close at SC K a S6& Clearances equaled 14,300 bushels. Primary receipts were 236,9 bushels, against 426. 300 year ago. Minneapolis, Duluth and Chicago reported ITO cars.
 The strength in wheat brought out a good demand for corn. September starting No Ac higher at 49ss @49% There was plenty for sale and when the break in whea, occurred corn readily followed. A demand from commission houses sprang up and tho close showed slight improvement. al though but trifle above the bottom al 4SA. Receipts. 193 cars.
 Oats were firm. inspired by the action o1 wheat. with September up 14 a sc. A reac- tion followed on realizing sales A steady decline scored. final trades being al the lowest point. 32A. Receipts 64 cars. Weakness in provisions was due to a lack of support Interests that have beer credited with pulling the market sold gen. erously on prospects of a settlement of the strike. September pork closed 22hc lower at 12 F. lard down 121zc and ribs 1oC lower
 Estimated receipts tomorrow: Wheat, cars; corn. 52s oats, GA; hogs, g. O0U head.
The Montgomery advertiser., 1904-07-15
NEW ORLEANS COTTON FUTURES.

LIVERPOOL COTTON FUTURES. LIVERPOOL. July 14.-Cotton futures opened steady and closed very steady. American middling, g. o. C.
 July .... ... .6. 45
The Montgomery advertiser., 1904-07-15
VIRGIN A FAUNCE's COTTON LETTER
lover Private Leased wire.)


 NEW YORK, July 14-Cotton futures opened firm fin tone with first prices at an advance of to points. The buyers were mainly shorts and the foreign clements The latter seemed bullishly inclined and there was some good support from this quarter. Local professionals were inclined to buy and naturally the market possessed a firm undertone throughout. The cables from the English market were of bullish tendency and the holders of futures abroad were said to be very optimistic. The weath. CT conditions, however. over the entire belt regarded as nearly ideal and wire houses with Southern connections were fair sellers. This in measure served to check the advance. The market maintained its firm undertone throughout. Liverpool was said to be buying August contracts on a heavy scale and this attracted attention, es- pecially since a big amount of freight room for the first half of September was said to have been engaged This led to arguments that the local stock will be kept small for some weeks to come. The crop reports from the belt were generally favorable and not much significants was attached to the Dun report. The port receipts were 300 bales. against 2,616 last week and 1,116 last year. For the week the port receipts were esti- mated at 12.oo0. against 5,456 last year. At Houston today the receipts were 240, against last year. while at New Orleans there were 745, against last year.
The Montgomery advertiser., 1904-07-15
DAILY COTTON MARKET.

NEW ORLEANS. July 14.-Cotton steady; sales. 4.125 Ordinary. s-l6; good ordin- ary, 7-16; low midding. 10h; middling. i1M; good middling. II 7-16 mijdling fair. ii ii-1s Receipts, 745; stock. 645s4.
 GALvESTON.-Steady; middling, 10 H. Ie; sales, TIT: stock 2227.
 MOBILE.-Nominal: middling, 1Oh; re- ceipts, 1o2; stock. $40.
 SAvANNAH.-Firmer: middling. II: re- ceipts 130: sales, 10S: stock, 17.37o.
 CHARLESTON.-Nomin stock, 924.
 wILMINGTON.-Nomin receipts, 21 1; stock. 179
 NORFOLK K-Receipts. 150; stock, 7,450.
 ALTIMORE.-Nominal; middling. II 40; stock, 1.4ss.
 BosTON.-Quiet; middling. IS; net re- ceipts. 21O: gross. 1,09o
 PHILADELPHIA. - Steady; middling il. 30; stock. 916. N ST LoUIS-Quiet middling. 10 15-16; receipts, 3T2: stock, 11,S4S. II 25: gross receipts, 3s1; sales 1,o0s stock, B3,SlS exports. to Great Britain. 2.5s7.
 Total today; Net receipts, 1,S5S; exports. to Great Britain, 2.579; to continent 529; stock. 14s.1s1.
 s+ Consolidated: Net receipts. S,550: exports, to Great Britain. S,6S6; to continent. A. B37; to Japan. GOT.
 Total since Sept. I: Net receipts. 7,0so,- 309; exports. to Great Britain, 2,44s,- o5e; to France. 697.354; to continent, 2.566.- 11s; to Japan, 43,39s; to Mexico. 2e,77s.