davidaulloa/AmericanStories huggingface dataset:
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-06-16
w. e. Smiths
Market Letter.
lsnecial to News and Observer. }

Especial to News and Observer
New York, June 15.-Todays mar
ket for stocks opened with q consid-
cradle show of animation and during
the first hour extensive advances were
scored throughout the list under the
leadership of Union and Southern Pa
cific. The strength continued until the
announcement was made OF the pro-
posed new issue of 500, 900, 600
Southern Pacific Z per cent. preferred
stock, which came as a complete sur
prise and had decidedly unfavorable
effect. Trading in wheat today was
without special feature and the mar
ket moved within narrow limits. On
the continued faVorable weather the
local element seemed willing to sell on
any strength. There has been less
liquidation than yesterday, but the
wheat situation on the whole is rather
heavy. The market for corn was
steady, the feature being the selling of
July under September. 1t is generally
believed that longs in both wheat and
corn are switching from July to Sep
TENDER. The market is likely to con-
tinue narrow pending further crop de-
velopments. Liverpool reported sales
of 5000 bales spot cotton at unchang
ed prices, and failing to reflect our
improvement of yesterday, the local
market opened weak at declines of
from 8 to "a points. Shorts showed
no disposition to cover at the decline
and there was light demand for all
options. Prices gradually worked
lower on continued reports of ideal
weather conditions throughout the belt
with the exception that additional re-
ports were received of floods in Arkan.
sas and Louisiana. Reports from
Texas are that the crop is unusually
early. We look for lower prices for
the new crop months.
w. B. SMITH & co.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-06-16
Ware g. Ieland's
Cotton Letter

Raleigh, n. c., June 15.-There was
very little support in evidence this
morning and prices lost the recovery
of yesterday. This was due to the
weakness in the old crop months in
Liverpool. The decline abroad started
q break in July and August here and
helped weaken the new crop months.
Prices ran down below the low point
touched after the report yesterday.
But on the decline the tone again
showed resistance. 1t looks as though
prices would churn around for some
time and give traders a chance to scalp
money out of it, The market does moi
give as readily as before the break
came to halt at 12c. Every time
the market breaks there is something
that turns the price back. This
shows it will take some pressure to
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-06-16

carry on the decline, As long as
weather is good no pun market need
be looked for But the snort 1nterets
is so big that any turn III me favorable
tenor Of crop accounts would fire the
finder hoy Sentiment is Very bearish
and for this reason the market gets
oversold If we are to raise 120O0.-
600 bales prices are high, of course
but it will be many a weary day be-
fore we know what the next crop is
All the break we are likely to get
for some time has been had Now
the market is likely to work back and
forth. We would rather buy on good
breaks than be short at the moment
Traders look for lower prices before
the July government report, if wealth
er keeps good.
WARE 81 LELAND.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-06-16


Some idea of the possibilities of
the crop now growing may be had
when it is considered that if the yield
per acre should be as large as the
largest, in 1S97-1898 the crop would
be 14,62S,000, while if it should be
as small as in 1896-1897 and smaller
even than last year, it would still be
at least IL, 100000 bales.
If the yield per acre should be the
same as last wear the crop would be
11,264,000 bales, while a production
equal to the average of the past ten
years would be 12,578,00 bales.
In any case it seems now to be
reasonably certain that the supply of
cotton next year will be entirely
adequate to the demand, and We're it
not for the effect which recent high
prices have had upon sentiment, nine
cents a pound would now be regarded
as it was until two years ago, as
very high price for cotton.
(Signed.)
THEODORE H. PRICE.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-06-16
SPECIAL 10 DAY COACH EXCUR.
SION.
To the Worlds Fair via Seaboard Air
Line Railway, Every Tuesday
and Thursday in June.

On account of the Worlds Fair al
st. Louis Mo. the Seaboard, in con-
nection 's with the G. & o. via Rich
mond and N. & w: via Petersburg
also via Atlanta and n. c. & St. L.
will sell round trip tickets to st. Louis
limit 10 days from date of sale. Fare
from RaIeigh via Richmond or Pc.
tersburg $3.50; via Atlanta, 5000
Leave Raleigh 1:25 a: m, arrive Rich.
mond 6:35 a. m. Leave Richmond
200 p. M, arrive 81; Louis next even
ing Gas. Leave RaIeigh l:oo, a niay
Richmond 4:55 p. m. Leave Rich
mora 1n.en =. M, arrive st. Louis
second morning I:oV.
For further information apply to
c. Fl. GATTIs, G. 2. & T. A.
r Raleigh, N. c.
z.P. SMITH T; P; A.
Raleigh, N. c.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-06-16
Open Close High Low
New Orleans Cotton.

New Orleans. June 15.-In the spot
cotton market buyers apparently had
no orders and they showed but little
interest in the scant offerings. Sales
$50 bales. Quotations reduced u.
Futures opened quiet and weak with
prices from 70 % points lower than
Yesterdays close. Liverpool was dis
appointing and New York came in
weak and lower. Outsiders held aloof
and the trend of prices generally down
ward throughout the session. In the
trading July first lost 20 points at
1885. recovered to 11.96 and finally
declined to 11.64. The market closed
ouiet with net losses on the old crop
positions of AZ to 40 points and II to
"a on the new.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-06-16
Stocks and Bonds.

New York. June 15.-The heavy
demand for Union Pacific. which de-
veloped yesterday before the market
closed was conspicuously in evidence
again this morning and was supple
mented by sympathetic strength in
Southern Pacific. These stocks domi-
mated the whole market and the
news DEVELOPMENTS regarding them
were taken to explain the recent move
ment so that some realizing in the
general list followed the days news
The early surmises over the ground
of the heavy dealings in Pacific COW
cred wide range, including a South
ern Pacific refunding scheme and an
incidental settlement of the whole
controversy over the trans-continental
field in railroading. The reports were
without explicit official sanction, but
credence was given to those pointing
to a determination to provide for an
issue of $100,000.000 of Southern Pa
cific preferred stocks with seven per-
cent dividend privileges, the proceeds
to be used for retiring the floating in
debtedness of the Southern Pacific
company and for other purposes.
With the publication of this plan
Southern Pacific promptly ran off
Sharply under offerings of vsry heavy
docks of stock. It's weakness and
the intermittent strength of Union
Pacific kept the market unsettled
and confused for the rest of the day.
Bond prices showed irregular
changes. but good demand con-
| tinued evident. Total sales (pal
value) s1.91O,000.
| United States bonds were un-
| changed on call.
| Total sales of stocks TODAY were
1920 shares, including Atchisof
1873. Chesapeake and Ohio 700: C. M
q St Paul 22.S0O: Louisville and
/ Nashville 1000: Manhattan $500; Met,
ropolitan Railway 5000; Norfolk ant
Western SEQ; Ontario and Western
/ 5000; Pennsylvania 1900; Readins
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-06-16
HAVING PURCHASED

the interest of Hon. A. M. Powell in
our joint business as above stated, this
is to announce that / have sold our
wagons, horses, tools etc, and our in
terest in the Coal, Wood and Ice Bust
ness to. Messrs. Johnson & Johnson, OF
this city, who will be pleased to serve
our former customers and to whom
respectfully command them.
J.. A. JONES.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-06-16
EXECUTORS NOTICE.

Paving qualified as executor Of the
estate of G. s. Patterson, deceased, late
of Wake county, N. c., this Is to notify
all persons having claims again It the es-
tate to present the same to the under
sigred on or before the 23rd day of
March, 1905. OF this notice will be plead
in bar OF their recovery.
OSCAR EVERETT.
TONY KITTRELL.
Executors.
This March 23rd, 1904.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-06-16
New York Money.

New York, June Is, p m.-Money on call
loaa ~, clio Ing rs offered l14@,.. time loans
easy-dnll, - days Ego, 80 days 2h, six
months 3A3A prime merct'ie paper 3K@4z
sterling exchange easy with actual business
in blnkeis' bills al 4S7.1125 for demand,
and at 40 25d, 80 for 60 day bills posted
rates 4S694Ss. commercial bills IS5@z
bar silver 55L. Mexican dollars Az, Gov
bonds ......... Railroad bonds .........
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-06-16
Special Rates to Democratic State
Convention at Greensboro, N. c.,
June %, 1904.

On account of the above occasion,
the various railroads have authorized
a rate of one and one-third first-class
fare, plus twenty-five cents, for the
round trip. from all points in the
State. Tickets on sale June 81, %.
%; good returning June 81, 1904.
ALEX. j. FIELD,
Secretary State Democratic Executive
Committee.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-06-16
Naval Stores.

Wilmington, Juno Is, Turpentine firm52L
receipts ~ cassS
Rosin-firm, 2 20; receipts 2S3 ibis.
Tar-frm. l.S0, receipts 36 bbls.
Crude-firm 2.25@ I.O0@4.25, receipts I3 bbls.
Charleston, June 10, Turpentne firm 1924.
Quote A, b, CASH, d, 272h@. E.2.77L: F2.s21l
G.Ao715, H. 2.971a; /, 31.b. K, 322K; M
3.47A: N,3.67L; We, 3.02h WV, 4.S712.
Savannah. June l5-Turpentine hrm, SD.
receipts 1910, sales l25, exports ......
Rosin-frm receipts l7oI, sales 2l93, exports
Quote A. B, C, 277Hda2 50, D2s5,E $50. f 2 9s1l
6pg5 G. 800 III $40, 3.S2h. K 3I2L NJ 300
N $50, VIC 4.2O, WV 4.60@65
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-06-16
Grain and Provisions.

Chicago, June 15.-Improvementi
in export demand caused firmness in
wheat today, the July delivery cl ,sing
with gain of 1-8 to 1-4c.; corn is
up Ia to 3-Sc.; oats are off &c:
provisions are unchanged to &c
higher.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-06-16
Other Cotton Markets.
Dry Goods.

New York. June 15.-In dry goods
no Southern activity has sprung up
as a result of the price revision ali
nounced yesterday but the prices in
certain lines. it is believed, will lead
to- comparatively new buying once
confidence is restored. and il is as
sured that the level will not go any
lower.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-06-16
j. D. BOUSHALL, Gen. Agent
Tucker building, N.

16,100; Southern Pacific 1860;
Southern Railway 1000: Southern
Railway, preferred, 500; Union Pacific
110,700; Amalgamated Copper $500;
American Sugar $500; Tennessee Coal
and Iron 500; United States Steel,
preferred, $4,000.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-06-16

In confirmation of the above / wish
to join in thanks to the public and all
friends for past favors and confidence.
and to request a continuance of the
same and the immediate payment or
all accounts due, which will be the
most practical method of showing
their good will
J. A. JONES.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-06-16

Having sold my entire interest in the
firm of Jones e. Powell to Mr.. J. A.
Jones, I desire to thank the public for
the liberal support given us for the
past tventy-six years, and to bespeak
for my successor the same liberal pa
tronage accorded the old firm.
A. nj. POWELL.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-06-16
S. A. u. Stocks and Bonds.

Baltimore, June Is, S. A. l.. common 1905
preferred, 1910 1914.
BondS-4S.......
A. c. l.. common l0Ss4GDl09, preferred......
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-06-16
DISSOLUTION NOTICE.

The firm of Jones & Powell is this
day dissolved by mutual consent. Mr..
J. A. Jones assumes all liabilities and
money due the firm will be paid to
him.
April 20, 1904.
J. A. JONES.
A. M. POWELL.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-06-16
New Orleans. Juue Is, Cotton futures
Liverpool.

Liverpool. June Is p. m.-Cotton spot
mod business prices -. points lower,
American middling fair, "a, good niddling;
67I, middling 6.6i, low middling 65, good
day 5000 bales of which 200 were for specu-
lation and export and included 400 Ameri-
can. Receipts 1000 bales including ..
American.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-06-16
Worlds Fair Rates via
s. A /. Railway
TO ST. LOUIS, MO, AND RETURN.

of Seaboard Air
G. O.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-06-16
Limit OF Tickets

SEASON. TICKETS.
to be sold
20.
to leaves o
win be sold daily commencing April 25
including date of
and
including
en- days from o
rat
change of between
st.
will be cheerfuy
Up SMITH A, C. II. GATTIs,
RAJ NC N.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-06-16
COT TON.

New York, June 15.-The cotton
acreage planted, the commercial crop
realized and the WELD per acre lin
fractions of a bale) for the past ten
years are as follows:
Yield per
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-06-16
Important Notice


in
conside
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-06-16
New York Provisions.

New York Provisions.
New York June Flour was dull, win er
patents $40 as 40. Minnesota patents 800 5.3,
do bakers, $i.006.4.2,. straights $685.
Rye flour, steady firm to good 3.00@ I.S5,
choice 10 fancy +.l5G45O
Corn NAL, steady, yellow western ll0@l25.
kiln dried 3.t0(03.l0.
Rye nom No. W. stern, 10.
Barley slow, feeding II mailing 55a6'.
What eot easy No red no sle
Corn easy. No. OF, July 81, September
5IL December $50
OATS steady, mixed 26-82B I5@H, May No. 471z
Beef Steady, family sa.5o@lo5O. @mess 500
$50 packet s.Oo@lO.., beef hams 70 90 d,2l 30.
Cut meats steady, picked bellies 6N@I4,
Lard. dub. western steamed 7.G5, June 40,
MOI nom, refined quiet continent Tie,
compound 54GlA.
Pork steady family li.OO@.., short clear
Ii 256Ii Is, mess l3.50C0l4.00.
Tallow dull, city tsa per pkgh4A country
Rosin Quiet strained common to cool
Turpentine steady 56l4GI.
Rice quiet domestic fair to extra 3A@5Z,
JaIan nOm
MolaSSes STEADY, New Orleans open kettle
goo to choice 3lN1S7.
Coffee spot Rio steady No. invoice 7, mild
quiet cordova 5000
Sugar raw quiet fair refining 3 -, centrifu-
gal 81 test 1882, molasses sugar 34d
refined quiet, confectioners A, l.75. mold A
s. -, cnt loaf ) 20, crushed $50, powdered 500,
graduated 4.9p, cubes D 10.
Butter easier, creamery com TO extra 139lS,
state dairy l3@l7.
Cheese firm, state. full cream
small, colored choice 77saS small white choice
IA d, fair 10 good ~.
Eggs W. ak state and Pennsylvania c0q2,
Southern H1a@loH. do interiors l21lI
Potatoes steady new Southern 3.5005 90
state and western sacks 3.25@375, Jersey
sweets l.25@l.75
Peanuts steady. fancy hand-picked 8, other
domestic 314@656.
C,bbLge steady, southern Dbl. or crate S1.2j
@I5G
Cotton by steam to Liverpool l2c.
Cotton seed oil mark [ was dull
crude f. o. b.. mills nom, prime summer yellow
$40, off summer yellow nominal, prime,
white ga, prime winter yellow 320l.33
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-06-16
Opening. Highest. Lowest. Closing.
cash nnotations were las follows :

Cash questions were as follows:
Flour quiet and easy winter patent a. -0@
$50, sfraights 4.s0@4.UO, spring patents i.30Cd
40, spring patents .....g..... stralghts 4;sOta
4. 10, bakers 255t0i3n, wheat spring No. 92@9J
No. 3 85093, No. red. l0t@l02, corn No. Z
isN9; Ne. 9 yellow 5u1s@ oats No. 4iE@1s
No. 2 white ago, No. white 4lH@4sh
fair to choice mailing 4t@1I, fax SEED No,
l0l, No. / northwestern lOs, prime timothy
seed 2.9j. mess pork per Dbl l2.35@l2.'O, lar
per lOOb 6G;b6670, short ribs sides
loosel 100@72i, dry sailed shoul. box
. short clear sides (noxed) 7.00G7.25,
whiskey basis of high wines l.2S, clover con-
tract grade 1915.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-06-16
Baltimore Provisions.

Baltimore, June 15-Flour steady, winter
patents ..90G5. 20, spring pat 'nts 4.S5d5.l5.
VIII at steady steamer No. SI@14, do red
western, 1904, June 1U2@A, Southern by
ample 500 I02.
Corn dull spot 52s4@5s, Southern white 50
az, June 54s4td63. white co II 50956L
Oats steady, No. 2 4sHM34.
Rye dull, No. 1880, III town T@79.
Butter steady. fancy imitation H@1S, fancy
creamery Sc -, fancy iadle l4Gl5, store pac ked
lI@l2.
Eggs firm 1917.
Oh csc steady Large sK@34 medium $500,
small o7saJls, new l0dA.
Sugar firm fine and coarse ,granulated $40
fine $40.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-06-16

This March 23rd, 1904
The Evening statesman. [volume] (Walla Walla, Wash.) 1903-1910, 1904-10-21
Brief Local News

Ladies and children's matinee at the
Park Saturday at $50; and 15c.
Mrs. Eugene H. Boyer gave a card
party to about SO of her friends this
afternoon.
Children save your nickel and take
in the matinee at the Park Saturday
at 2:3O. Adults Is cents.
X. L. Heath who has been employed
in Twists barber shop will open a
barber shopt in the State hotel.
All school children will be admitted
to La Vern's Park for cents Saturday
afternoon at 2:3O. See advertisement
in this issue.
Mrs. John Frye Caspar entertained
friends at cards yesterday afternoon at
the home of her mother, Mrs. Fred
Slime, on Eagan avenue.
The uniform rank of the Woodmen
of the World gave a very enjoyable
dance at the Odd Fellows hall last
night. There was a good attendance
and splendid time is reported by
those present.
A large number of the teachers in
the Walla Walla public schools lef;
this afternoon for Pendleton to attend
the third annual meeting of the Inland
Empire Teachers association, which is
in session in that city.
A judgment was entered in the su-
perior court today against Ralph c.
Ward in favor of the W. B. Glafke Co.
The amount of the judgment is for
$3.50 and $22.45 costs. The order di-
reefs the sale of lot in block q in
Roberts addition to Walla Walla to
SATISFY the judgment.
The Evening statesman. [volume] (Walla Walla, Wash.) 1903-1910, 1904-10-21
CONVICT MADE GOODS.
Prison Made Goods to be Marked for
Identification.

In an opinion handed down in tho
case of the People VS.. Hawkins, Judge
Alton B. Parker, while presiding over
the New York Court of Appeals.
passed upon the question of convict
made goods. He said:
ut is now too late to consider the
subject generally from the point Of
view of the political economist, for the
people, in whom reside all power, have
set at rest that question so far as this
State is concerned This statute Meth.
er prohibits nor attempts to prohibit
other States, or the citizens of other
States, from putting prison made
goods upon our markets; nor does it
prohibit our own citizens from buying
or selling them; if it did, then, con-
cededly, the statute would be in viola
ton of the commerce clause Of the
Federal Constitution and void; 1t
simply requires that prison made
merchandise shall be so branded that
goods they are buying we're made.
This they have right to know, for
they voted to burden themselves With
additional taxation rather than longer
70 permit a competition which they re-
garded as a public wrong. and they are,
therefore, entitled to such legislation
as will permit them to know the truth
in regard to articles offered them for
sale, in order that they may not,
through lack Of information, have
forced upon them that which they
would not buy advisedly. The com
merce clause Of the Federal Constitu-
ton does not stand in the way Of their
having such information, inasmuch as
the Constitution Of this State estab-
fishes a public policy in the working
out Of which the Legislature may g
to this extent at least under the pelice
power OF the State" So
The Evening statesman. [volume] (Walla Walla, Wash.) 1903-1910, 1904-10-21
RECT AFFAIRS OF LIVE
STOCK ASSOCIATION.
Steps to Be Taken to Reorganize on
Broader Lines for More Prac-
teal Work.

At meeting of the board of control
of the National Live Stock association,
appointment to fill the office of secre-
tary caused by the death of Charles f.
Martin would be made until the con-
vening of the next annual convention.
of January 9. 1905. The affairs of the
association We're placed under the act
ing of Fred ?. Johnson, George W.
:3allantine and George L. Goulding. of
Denver. with H. f. Kennedy as clerk
in charge of the secretarys office.
The board of control is of the opin-
ion that at the coming annual conven-
ton, steps should be taken looking to
, partiol reorganization of the asso-
citation upon lines that will permit of
more extensive and practical work than
has heretofore been accomplished. The
demand for an organization represent
ing all of The. various vranches of the
live stock industry has become so
strong. that at the coming convention
an effort will be made to so amend the
constitution and bylaws, as to make
of this organization the strongest in
dustrial association in the country.
The officers of the association have
received assurances from prominent
stockmen and others, of both moral and
financial support, providing such act
ion is taken at our coming convention
rs will put the association upon a
broader and more conservative basis
than has heretofore obtained. To Sc
"ure this result it will be. necessary to
thoroughly revise the constitution and
bylaws so as to better equalize the rep
resentation and provide a basis of act
i've cooperation between the many al
lied interests that are connected with
the industry.