davidaulloa/AmericanStories huggingface dataset:
The Black Hills union and western stock review. [volume] (Rapid City, S.D.) 1904-19??, 1904-05-20
COM PANY

-
OF New York. Organized unde
of the. State of New York, m
Commissioner of Insurance of
of South Dakota, in pursuai
laws of said State. Alto,
service Of process in the Stat
Dakota Information furnishes
missioner Of Insurance.. Org
incorporated February, Is
menced business, Feb. 8, 1897.
CAPITAL.
Capital stock actually paid
IN cash ........... ........
PROPERTY OR ASSETS OE z
Cash in office.
Cash on deposit. ............
Premiums in course Of coll
lection
interest due and accrued.
stocks and bonds owned by
the company ............,.
Total assets .............. s:
LIABILITIES.
Capital stock actually paid
Losses yet unpaid. .........
Amount Of unearned pre-
mlums on all outstanding
Salaries or commissions due
Total liabilities ...........
INCOME OF TIE COMPANY
THE YEAR.
Total premiums for the year
interest receipts ..........
Receipts not included in !
se ....5,.9.....e....l...
Total receipts ............
aESPEN lures OF THE 4
DURING THE YEAR
losses paid ..............
Dividends paid
Commissions paid to agents
Salaries paid to officers and
emp yes 49,. .i.t....
Return premiums and can>
csili;atlons ..... ....5. FL n
Taxes and fees to insurance
departments ...............
Total expenditures ....... n
RISKS OUTSTANDING Kis IS the I.
date Of preceding state
nASnl N.t.:5.9.. ......s $0l
Risks written since proceed
Ing Statement ............ s,
Total risks 1880. 81, $40
Risks cancelled and expired
during the year. .s:.....i. A;
Net amount Of risks Ia
slss. =. = POI
sCQMPANY:S STATEMENT c
81 NESS TRANSACT TIED IN m
OF SOUTH DAKOTA DuRI
Y EAR. .iS
Premiums on risks written
Amount Of risks writ ten. y. &
Losses incurred during the
year ~. /. {! !. s IN
Losses paid during the year
The Black Hills union and western stock review. [volume] (Rapid City, S.D.) 1904-19??, 1904-05-20
ANNUAL srsfEMENr

ANNUAL STATEMENT
For the year ending Decegber 81, A. d.
1903, of the condition and affairs of the
ClTlZEN5' INSURANCE co.
Of st, Louis, Organized under the Laws
OF the state OF Missouri made to
State OF South Dakota, in pursuance of
the Laws OF said STATE. Attorneys for
service OF process i'll the State of South
DaAotd Qnlormsitlon furnished by Com
missioner OF insurance) Organized or
Incorporated mot given). Commenced
business O'o' e E1ypsn2:
Capital stock actually paid
p X PEI OR ASSETS OF TIE fIG9 eSMo
Cash Cash value of real estate... s4,s77.oo
SaS!l III once :.............. 61.45
Cash on deposit ........... 91154 %
Premiums in course of coll
lection ,.......:.....;.:... 364o3.5e
Loans on mortgages being
the first lien on real estate
worth at least double the
amount loaned thereon..., 241 O7O 90
Stucks ana bonds owned by
the company ;............ 253,14o.Oo
Interest que and accrued, 5716m
LIABILITIES.
Capital stock actually paid
in cash .......:.:: ;..:...; s2oo.voooo
losses resisted .....:...... 42,o52.2e
Anlou..t ut unearned pre-
risks ...................... 230,G476o
Total liabilities .......... 472.69ss8
INCOME OF THE COMPANY DURING
THE YEAR
Total premiums for the year s414,91s91
lntere'I receipts .......... 2llG4l4
Receipts not included in
above from stockholders. 100000
Total receipts .......... 1856, s3O5
ENpLND lures o. THE COMPANY
DURING THE YEAR.
Losses paid ;...... 1927 .2o4 SO
Commissions and brokerage
paid to agents .......... S4.44334
Salaries paid to ottc, ) and
employees .......: ......... s4.5G337
Taxes and fees to insurance
departments .,.....,:...... 15,71osl
Printing and advertsing.... 2l9l -
other expenditures ........ "a LOT 10
Total expenditu! $ ........ s39S, 22O7O
Risks outstanding at the
date of preceding state-
lneNL VIZ, 614, 1873 90,
Risks written since preced-
ing statement ............ 142 939, G35. 0O
Total risks .,.............. .$265. $50, 7Gs 90
Risks cancelled
anu expired
during the
year .$l21 lbs, 232OG
during the
year ........ 1O2,329, $1,000
406s, 1920
Net amount Of risks in
coMPANY'ss iSiiA.TiiEMEiNr st OF B S6Sgo
NESS TRANSACTED IN THE STATE
OF SOUTH DAKOTA DURING THE.
YEAR.
Premiums on risks written. s3,439.34
The Black Hills union and western stock review. [volume] (Rapid City, S.D.) 1904-19??, 1904-05-20

ANNUAL STATEMENT
For the year ending December 81, A. D.
1903. of the condition and affairs Of the
GERMAN ALLIANCE INSURANCE.
The Black Hills union and western stock review. [volume] (Rapid City, S.D.) 1904-19??, 1904-05-20

LIABILITIES.
Capital stock actually paid
in cash Observation-Disclosures.
Losses yet unpaid and
losses resisted .......
Amount ut unearned pre-
lEiGDts on all Outstanding
risks
The Black Hills union and western stock review. [volume] (Rapid City, S.D.) 1904-19??, 1904-05-20

May 10, 1901,
The Black Hills union and western stock review. [volume] (Rapid City, S.D.) 1904-19??, 1904-05-20
sls7.7s9.o4'
n
!. .5o.621.s25.0o
;1os,4e1,65tlOO
* s.is5,s- i z, Z
4A3lS,049.O0

81. . =, s I, 4 " :. =, :, y
$59. las. 6e1.DU
OF BUSI-
TTdE STATEsS
RING TfIE !;
4.
81 12472
4. I! ~. 825.D 90.
. 81018
311.68
The Black Hills union and western stock review. [volume] (Rapid City, S.D.) 1904-19??, 1904-05-20

Total liabilities ..........,
INCOME OF THE COMPAN
THE YEAR.
Total premiums for the year
lntere receipts ...........
Receipts not included in
above from stockholders,
The Black Hills union and western stock review. [volume] (Rapid City, S.D.) 1904-19??, 1904-05-20

Total risks .......,,,,,,s
Risks cancelled
anu expired
during the
year ..$l21,73s,232 .0e
Risks reinsured
during the
year ........ lO2,329, $1,000
The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1904-11-01

Pillow TOpsOne lot fancy
Oress PnlO yards OF dark dress
Sheep COaCanvas
collar they the $35 grade Thursday
Table WaSix English cups and
ST - ~
Wall entire of wall paper Thursday at
discount of rs =
BARGAINS In NOTIONS
Emblem Pns-Of all societies lfof price
Adamantine PnsOne paper
|NeedleS.-Three
Dress BraidOne three cents yard
Coates Thread -Four
Safety Pns-Four
lot worth cents yard
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-05-12
MARKET DEVELOPS
REACTIONARY TONE
Cotton Opens Steady at Small
Decline
is ABSENCE OF MOISTURE
Immediately Following Opening There
Was Considerable Bear Pressure
From Leading Room Traders.
Receipts s1ss Bales.
is ABSENCE OF MOISTURE

New York, May 1.-THE cotton market
opened steady at decline of l to points,
or rather better than due on the differ
ent cables, and while showing more or
less irregularity during the session de-
veloped reactionary tone on covering.
There is still an absence of moisture
along the Atlantic coast that may furnish
ground for some complaint If unrelieved
by rains in the near future, and while the
bearish look OF yesterdays crop report
seemed to be checking commission house
buying, near months shorts were evident
ly rendered uneasy by further losses from
the local stock Immediately following the
opening there was considerable bear pres
sure from leading room traders including
a local spot house. On the other hand
there seemed to be a good demand from a
certain large Wall street operator who
was believed to be covering a line of
shorts put out around ID cents for July
and going along. and this buying In con-
nection with the purchases of the local
scalping contingent proved sufficient to
absorb offerings and hold the market at
about last nights prices until the after
noon, when a wave of New Orleans buy
ing helped the market and led to a steady
close at an advance of to 10 points, the
old crop months leading. Sales were es-
timated at 100000 bales.
Receipts at the ports today were 6l3e
bales against 1904 last week and 1904 last
year For the week, 5000 against 34,S12
last week, and $3.50 last year. Todays re-
ceipts at New Orleans, 1909 against 1888
last year. and at Houston 592 against
1913 last year.
New York May 11.-Cotton quiet; mid
ding, 1875; net receipts, 3; gross. 1899;
sales, 525; stock. S0143; exports to the con-
tinent, 2601.
Total today: Net receipts, 61ss; exports
to the continent, 26O1; to Mexico, so; stock,
s31, 674
Consolidated net receipts 1925; exports
to Great Britain, 265o7; to France, 40; to
the continent, 6704; to Japan, 215; to Mex
leo, SO.
Total since September 1: Net receipts, s.
92S, 464; exports to Great Britain, 23O5' 252;
to France, $40, 1884; to the continent 2'45l,-
s37; to Japan, 417S6; to Mexico, 2562l,
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-05-12
caldwell . ward,s Grain Let.er.

BY B. F. & C. Co.
Chicago, May 1.-THE early strength in
wheat was on local bulling on reported
rains in the Red river valley more than
on the crop report. The latter aroused
no enthusiasm through the country and
brought no buying orders. The report con-
sidered in relation to last month and last
year may be construed as bullish. IT,
however, it Is taken in conjunction with
present values it is doubtful If any great
amount of bull encouragement can be
derived from 1t. At any rate, 1t played lit
tie part in today's fluctuations. The Gus
tomary break following these reports was
realized towards midday The experience
has been repeated so often that II has be-
come to be looked upon as inevitable by
the people. Gables showed no response
and closed practically unchanged.
The provisions market was sustained for
a time by shorts covering, but later the
tone of all products became weak and
selling was quite general. There was
very little demand. even on the break
The hog market was weak; receipts
amounted to $1,000 estimated; for tomor-
row, $1,000.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-05-12

Peoples Savings Bank and Trust COM
pany, as to my honesty for my contracts.
Fully three-fourths of my patients have
been treated by some one else ,oefore call
ing on me to be cured. Why not come as
soon as afflicted You will save money.
distressing pain and valuable time: be-
Sides there ia satisfaction In knowing
that the very best treatment is being
given you by an honest. competent ply
stefan 1 have treated private troubles
as a specially in the city of Birmingham.
Ala. since August 3. 1887. I cure syphilis.
vonorrhoea, gieet. structure. lost manhood.
etc. I cure many patients by mail treat
ment. Write for prices and terms
do not use large advertisements and
false statements to attract patients which
merit has failed to secure. II you fail to
be cured by such methods give me call
and get we'll
NV offices are the most private and
outet in the city tenth story OF the new
First National Bank building corner Of
Second avenue and Twentieth street
Rooms 1912 and 1914 Take one OF the hn'
elevators 70 tenth floor.
Office hours: 500 a m to b;D p N
sunday, 10 a. m. to IL m.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-05-12
Southern Railway Co.
Schedule in Effect hay "a, 1903.


Trains leave Blrmi9 CHAM as follows:
$40 a. m 70 IS. eer Atlanta. Washing
ton timore. PHILADELPHIA.
New York and the East. Pu--
man Drawing R~--- sleeping
Car. Birmingham to New
York. "
e:9O q. m.-No. 10. for. MontevaIlo. Ma
plesyile, Selma and way sta
tons
1925 p. m-No. IS for Columbus Yves.
Point W.aona. Greeny, BOD
and Creenville; also Sheffield
and Florence pnd North Ala
bams points.
$40 p, m.-No. Is, new trainA for Cordova.
Ookman. Corona and way sta
lions. Also Blossbnyg.
3;45 D. m,-No. % for Admission and wax
stations; also Talladega
t;10 p m.-No. 36 for Atlanta. Jackson-
Vile and all Florida points:
also Charlotte, Richmond.
Washington. New York and
the East. Pullman Sleeping
Car Birm ngham to Jackson
Vile: also Birmingham to
Richmond. Va.
1920 p. m. la,No. 81 so- Columbus. Yves,
Point. Winona. Greenwood
and Creenville. Pullman
wiz Room Sleeping Car
Birmingham - Grcenville. -
0:3j D. m.-No. q for Selma. Mobile and
way citations. Pullman Draw.
Room Sleeping Car Birming.
ham to Mobile
II 30 p. m.-No. 90. new train. for Atlanta.
Admission and way stations.
Pullman Drawing Room
Sleeping Car Birmingham to
Atlanta. Sleeping car can De
occupied at Union station ):3J
p. m.
For detailed Information and sleeping
car reservations apply passenger office
Morris Hotel building. Telephone ST.
J. c. LUSK. Dist. Pass. Agent.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-05-12

to be cloudy with such a degree of I'M
certainty that positive opinions are on
exception rather than the rule. There
has been some reference to the formation
of new bull pool for the purpose of at
tempting another corner on summer
months but as yet there are no signs Of
activity in that direction. There are
many things to be considered in that
respect. such as high carrying charges
and increased funds necessary for fnan-
cial deliveries at prevailing level of val
ues, while the unsatisfactory condition
Of dry goods trade unwillingness or ina
bility of spinners to buy freely and the
possibility of a fairly liberal movement
of the new crop before the old season
clses are chances that call for serious
reflection.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-05-12
Fruit and Produce.


Corrected daily by c. r. bell & Co.. a0lt
Morris avenue.)
Oranges-California navels. $2.50a275.
Lemons-Per box, extra choice, 2.75;
fancy, 49,
Bananas-Per bunch, culls, 75cG$125.
Apples-Fancy northern stock. Russets.
$3.50.
Mobile cabbage. $2a2
Celery-Florida. per crate. 800 to s2.2S;
per dozen. 50c
Eggs--14n15c.
Peaputs-Fancy. per pound. 81; No .
&C.
Mixed Nuts Per pound. 12Mc-
Raisins-Per box. new crop. e.
Irish Potatoes-Per bushel, 31.50; new
irish potatoes, per bushel, s1.40; per bar
rel "a.
Sweet Potatoes-Per bushel. $50.
Onions-Per pound. 31xc.
New Florida Tomatoes-Per crate, $2db
2.25.
Strawberries-Per 24-quart crate, s2d
$50.
Beans-Green. 81 .5091.75.
New Green Peas-Per crate. S.25.
Egg Plant-s2.25.
Squash-$1.50.
Peppers-s2.00.
Lettuce-$1.25.
Butter-Renovated. 20 to 21c: creamery.
% to 2ec: country. fresh. 10 to 15c.
Poultry-Hens. medium. 35c: large, 40c;
broilers. 15@30cY flyers, 2093oc; ducks, 80
q40c
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-05-12
Naval Stores.

Savannah, May 1l.-Turpentine firm.
SAC; sales, 70; receipts. 1887; exports,
100 Rosin firm; sales. 1874; receipts, 1892;
exports, 800. Quote A. B, C, $3.50; D,
s2.66: E. 500; F, $40; G. s2.75; H, s2y;
$3.50; K. $315; M, $3.50; N, So. 35; win
dow glass, 1856; water white. 1885.
Charleston, May 11-Turpentine, nothing
doing Rosin firm Quote: A. B, C, d,
2.s5; e, 81. 40; G, s2.55; H, 81. 65; 1, $40;
X, 80; NJ, 1910; N, 1870; window glass.
50 49, water white, $3.50.
Wilmington, May n.-Spirits turpentine.
nothing doing; receipts, IT. Rosln, steady,
2.65; receipts, 1877. Tar firm, 81; receipts,
A. Crude turpentine firm. - 25@3.75 and
81; receipts 49,
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-05-12

higher. Good to prime steers, IS 106D5 e5
poor to medium, $4.10a5; stockers and
feders. 1904. 40 COWS and heifers, 81 500
400; Gamers, 81 .6od2.5 SO; bulls, s294; calves
$2.50d5; Texas fed steers, 81. 25@5.
Hogs: Receipts $1,000; closed 1Oc lower.
Good to choice heavy, s47594 s71k: light
81 60G4.75; bulk, 4.7064. 80.
Sheep: Receipts, 10000; strong to 1Oc
higher; good to choice wethers, 81. GOA
$50; fair to choice mixed So. 7564. so;
western sheep, $4.50@5. 80; clipped native
lambs, s4.50@6 clipped western lambs,
81. 75@6; wooded do, sc. SCAT. 80.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-05-12
Drv Goods.

New York, May n.-Buyers OF dry
goods show continued apathy although
here and there disposition to take
goods of memorandum is evidenced The
announcement of the liquidation OF Sweet
ser, Pembroke & Co. has been the topic
Of conversation throughout the trade to-
day and considerable speculation has
been INDUCED in regarding the ultimate
Issue
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-05-12

New Orleans, May 11.-Cotton seed oils
Prime refined, barrels, 30c; off refined, in
barrels, 29c; prime crude loose, 241kc.
Memphis, May 11.-Cotton SEED oil, car
load lots, per gallon: Prime crude, 2Sc;
off do, nominal; prime summer yellow.
2614c; off do. nominal 8; off do nominal,
choice cooking summer yellow. less than
carload lots, 36c. Meal, prime, $50. 25d20. 80.
Cake, $40.
New York, May 11.-Cotton seed oil
prime, 281sc. Petroleum easy. Rosin
steady. Turpentine quiet, 5S11c.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-05-12
Daily Statement.

Galveston-Quiet; middling. 10 slice; re-
ceipts. TAI; stock, 1883.
Mobile-Nominal; middling, 13kc; res
ceipts, 4; stock, 1920
avannah-Easy; middling, 13Ac; sales
70; receipts, 114S; stock, S2,o33.
Charleston--Nominal receipts, "a; stock,
25s2.
MISUNDERSTANDING middlng, -;
stock, 6138.
Norfolk-Receipts, 100; stock 1850.
Baltimore--Nominal; middling, l4c; stock
9as.
Boston-Quiet; middling. 1S.75c; net re-
ceipts, 102; gross, 1910
Philadelphia-Quiet; middling, 14c; stock
2242.
ct. Louis-Dull; middling. 13a4c; receipts,
sol; stock, 12.066.
Memphis-Quiet and unchanged; mid
ding. 135Ac; receipts, 11s; shipments, 1872;
sales, $50; stock, 36,S61
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-05-12
lIverpoo. Market.

Liverpool, May 11.-Spot cotton in In
creased demand prices II points lower
American middlng fair, 7.76d; good mid
ding, 762d; middling, 752d; low mddling
Z. 4Od; good ordinary, 7.2sd; ordinary,
7.08d. The sales of the day were 5000
bales, of which 300 were for speculation
and export and included 740o American
Receipts, 1900 bales, including 1890
American. Futures opened easier and
closed easy American middling. G. O..
c.: May, 7.29; May-June, 7.25; June-July,
7.20; July-August, 716; August-Septem-
Der, 692; September October, 6.S4 Octo-
BERN ovember, Gil; November December,
6.04; Overwhelmingly, Sol; January
February, 600.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-05-12
Chicago ,Chanae.

Chicago, May 11.-Improvement In con-
dition. of the growing grain In the Uni
ted States and prospects of an enormous
yield in the Canadian northwest caused
heavy liquidation of wheat today, and
jury closed 1kQss lower. Corn is up ".
Oats are up son, and provisions from a
shade higher to 10c lower.
The leading futures ranged as follows:
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-05-12

New York. May 11.--Close money on call
easy. 1AG2 per cent; closing bid, III; Of
fered at ia; time loans easy and dull;
sixty days, per cent; ninety days, 2A@
IN six months. 393A.
Prime mercantile paper 37464A per cent;
sterling exchange heavy, with actual
business in bankers bills at 81. SO. IS for de-
mand and at s4S5 for sixty days; posted
rates. s4.s51s@4.S6 and s4.8s; commercial
bills, $4S4A. Bar silver, 55M. Mexican dol
lars, AN. Government bonds steady;
railroad bonds irregular.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-05-12
Cochran q Co.'S Cotton Letter.

BY Gilbert e. Clay.
New Orleans. May 1.-THE cotton mar
ket has drifted into a monotonous period
of dullness as a result of diminished spec
ulation in the contract department and a
complete absence of demand for Spots
from the regular trade. Developments
are being generally watched by advocates
of either side but the situation continues
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-05-12
cIearinas and Exchange

Memphis, May 11.-Clearings, $616, 1886;
balances, $113,511.
New Orleans, May 11.-Clearings, 49, O62,-
469. New York exchange 81 per $1,000 pre-
MUM; commercial paper, SOC per $1,000
discount
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-05-12

BY Ware q Leland.
New York, May 1f.-As we have been
predicting for some time, an increased
activity would probably be at the ex-
pense of values. Today the volume Of
business increased somewhat and prices
were correspondingly lower and from In
dcations we are led to believe that prices
must Yield considerably more before any
good buying will be In evidence. The
Steel stocks were special objects today
of attack and yielded to the pressure.
Unless all signs fail the market price
will discount the reduction of the pre-
ferred stock dividend and we would adj
wise selling Steel preferred on all strong
spots.
The rest of the market aid fairly well
but there is lack of buying orders and
any attempt to liauidate will result in
lower prices. Consolidated Gas was par
ticularly strong and while 1t will be more
or less Influenced by the general market
1t will in turn show the patient holder
substantial profits. Copper acts as II the
stock was being accumulated on scale
down. Money ruled somewhat f1rmer to-
day. lending at per cent for considera-
BILE amount.
Total sales 273000
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-05-12

you a perma-
nent cure Of
private troubles
and that you
may know my
guarantee Is re-
liable l refer
you with per-
mission. to the
First National
oank. Alabama
National bank,
Steiner Broth
ers, bankers,
Jefferson Coun-
Ly s a v n 9 9
bapif and tha
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-05-12
AUCTION
MULES AND HORSES.

rs mules and Is horses will
be sold at auction by Percy
Ashmead. receiver, at our
stables, Tuesday, May 18th,
10. 30 q. N. Fies & Sons, 4th
ave-, bet. 18th and 10th SITS.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-05-12
New York Cotton Futures.
New Orleans. Cotton Market.


New Orleans, May 11.-Spot cotton
quiet; demand light and supply limited
Sales 775 bales. including 800 to arrive;
delivered on contracts, 800. Quotations
unchanged
Futures opened quiet with prices / point
higher to points lower, influenced by
the decline in Liverpool. In the early
trading the leading bull was heavy
bidder for May and July. Offerings of
May were free. Fluctuations in July
ranged from 1894 to 1910 The fall and
winter months were steadied somewhat
by the low temperatures shown on the
weather map. Later in the day firmer
tone was given the market by the report
that a minus correction of about 1900
bales had been made in the stock of cot
ton in the port of Boston. Such cor
rectioh brings the stock at that port
down to about 5000 bales and of course
brings present stocks at all ports dam
gerousy near to the stocks at all ports
year ago The market closed firm with
net gains of to 10 points on the old
crop months, and 4 to points on the
new.
New Orleans, May 11.-Cotton futures
quiet and steady. May, 13. 65d13 60; June.
10. sS113 SO; July, 14OSG14.09; August, 49,.
1908. IA September, II .67@11 SO; October,
II 15@11 II; November II .04d11 .06; Deem
Der, 11.09a1110.
New Orleans, May 11.-Cotton quiet and
easy; sales, TO. Ordinary, II 7-16c; good
ordinary, 12%c; low middling, 139sc; mid
ding, 1870; good mddling, IA 11-16c;
middling fair, IA 7-16c; receipts, 400s; stock
IFS, 055.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-05-12
Caldwell q Wards Stock Letter.

BY Miller & Co.
New York, May 11.--There was a mod
crate increase in activity In stock mar
ket today. due largely to additional des-
ultory liquidation. The selling pressure
was not effectual except in special quar-
tiers but nevertheless a generally lower
level of prices was established. It can
hardly be said the news of the day was
responsible for the reactionary tendency.
The figures of the government crop re-
port on winter wheat were interpreted
unfavorably because Of the great ex-
tent of acreage which had been aban-
doned on account of winter killing. The
enga gements Of gold for export reached
rather startling figures breaking all re-
cords for a single days shipments. But
there was only slight hardening In call
money rate. 1t was the weakness of
United States Steel which really turned
the course of prices downward. Reports
of conservative trade journals inclined
slightly toward pesismsm and naturally
there was revival of talk as to the
possibility of a reduction Of dividend in
Steel preferred. Copper was well sup
ported notwithstanding the bearish Gull
limitations of notorious Boston stock
Spectator. In the railway list. some de-
preston was caused by the admissions
concerning new bond issue Of the New
York Central. Pressure on that stock
was considerably lessened and Pennsyl-
wanna received fair support. Market
closed irregular and unsettled.