davidaulloa/AmericanStories huggingface dataset:
The Montgomery advertiser., 1904-04-01
WALL STREET REVIEW
TRUST COMPANIES SUSPENSION
 HAS CHILLING EFFECT. e
Seemed Due to Special Causes Rather Than to any General condi- tion--Heavier Tone of
 the Market.

Now York. March 3.-The suspension of two trust companies, one in Clere- Hind and one in Boston, had somewhat Chilling effect on speculation today. Ire tendency of tomorrow's holiday was nall ed az motive for curtailment of c2- erations and today's Jewish holiday ol the Passover was also the occasion or some absences from the Stock Exchange.
 , nese were the nominal ,,s,,,,s causes oi tn tne rather heavier tone of the speculation.
 The denials given to rumors of pur- chases of Northern Pacific by St. Paul and to other reports which have circu- lated on the exchange were reinforced n their reaction1ry effect by the large dl5' tribution of stocks which was effected curing the rise of yesterday and by the cessation of much of the demand today
 The suspension of the trust comanies seemed due to special causes rather than to any general condition and so was of Iittle direct influence on the market. Tnere were points of strength in the mar ket but these were exceptions rather than the rule. Interest grows in the foreign exchange situation and the coming out ward movement of gold which Is ex- pected to run to many million dollars and In the opinion of some exchange experts may reach the amount of the remit tGnoe to be made to Paris on account O. the Panama canal payment. It is be- lieved that any accumulation of bills which may have been made for this pur- pose has been workeI off at the profit able rates ruling in the market so that provision for the purpose remains to be made. The exchange rate today was at a point where gold shipment would show margin or profit, but owing to lack of shipping facilities, no gold is likely to go out until next week, when 1t is expected several millions will he shipped. The present abnormal ease of money in New York Is undoubtedly due in part to the accumulation here of Government depos- its in preparation for the Panama canal payment. With conditions in the ex- change market as at present it is not probable that when the payment is made the proceeds will remain in New York. The enect on the money market will be watched with interest. In Paris. Berlin ana London the quarterly requirements 10" April 1st are extraordinarily heavy, as revealed by this weeks reports of the great foreign banks. But with the turn of the quarter a large refiux of funds to the circulation is looked for, with result ing enect on money rates, which ma Y Cdify the pressure upon New York for gold The domestic movement of cur rency appears to be still in favor of New York, in spite of the completion of re- nittances of Government deposits The strong stocks in today's market were among the Southern group, and the soft ccalers, due to favorable reports of earn inRs. United States Steel reflected a more confident feeling over the preferred diyI- dend. Covering of shorts rallied the market during the later part of the day but the closing was heavy. Bonds were steady. Total sales par value, $2,5 900. U. $. bonds were uncdangcd on call
The Montgomery advertiser., 1904-04-01
-.tverpooi Cotton Futures.
lfvEl FOOL. March al,-cotton future
New orleans Cotton.

NEW OIkT FANS March 3I.-Spot cotton firGa and higher. The inquiry from exporters was good, but factors rule refused to sell at sboard figures. Sales, 3o5O bales includ- inE 2. 200 to arrive and $50 f. O. b.; delivered on contracts. 900. Quotations advanced 6-l6.
 Futures were surprisingly active and prices made good advances. This due to uneS- pectedly favorable Liverpool cables and a marked improy sineht in the spot demand No one expected that any spot trading would re- suit until after the holidays. shorts did not like the looks ot the market and they covered freely, sending prices up on themselves. At the opening prices were from 3 to 2 points higher. The demand was good. while offerings were light. There appeared to be TO short sellers in the market. offerings coming almost ePtirely from liquidating longs. All offerings were readily absorbed. In the trading May opsnSd at 5 G. advanced to | 5. 30 and final ly receded to | 5 23 The market closed steady. Net gains were April 34 points; May, June and July each 24 August s. and the Lew crop months 70 t. l3 points.
The Montgomery advertiser., 1904-04-01

ot eio .ne holidays Outsiders through commits oisposed oisp to take on fresh ventures The for sihn t.n puslness was slow and the cables were mi'nout special feature, far as their review on on tne general situation is concerned The ad- wees wees rom Texas with regard to the crop con utions n were not materially changed although .ne .ne weather map was considered favorable for Ine starting Of the crop in the S..athwestern 9isuicts. The estimated port receipts for the gay dsy were Io.oeo, against e,26s for the same
The Montgomery advertiser., 1904-04-01
Marine News.

NEW YoRK.-saileL Moitke. Hamburg; Bararossa. Bremen: La Gascogne Havre. GIBRALTAR.-Passed: Victoria, Genoa for New York. Sailed: Enig Albert, New York. GREENOCK. Arrived: Carthagenian. Phola- dslphia-
 GLASGOW.-Arrived Corinthian, New York. LfvERPOOL.-Arrived: Ibernian, Boston. HAVRE.-Arrived: La Savioe, New York. NAPLES.-Arrived: Calibria. New York. HAMBURG.-Arrived: Graf Waidersee, New York.
 GENOA A--Arrived: Citti de Torina. New York; Umbria. New York.
 QUEENSTOWN.-Sailed Teutonic New York
 LEGHORN.-sai Algeria. New York.
The Montgomery advertiser., 1904-04-01
Naval Stores.

SAVANNAH March 3I.-Wlth the close of the naval stores season on March 3l, and the to be somewhat different from last years close. when prices were higher than at present. A Teceding tendency has been apparent in the turpentine market for the past several days an dthe price is now descending into the lfties promise fGvorably. The rosin market how ever. has held its own, with prices well up and comparing favorably with last year.
 The closing figures will no doubt show a large falling of in receipts at Savannah, due to the diversion of the movement to Florida ports and the further fact that this crop is 10 per cent less than last year. As to whether or not this falling of Is permanent or will continue remains to be seen, but the local trade insist that it will nott as the large of ferings of freight room to all ports in the world from Savannah will indule shipments porting, ort This had an efrect last year when tuI Ipentine and rosin were sent here from Florida ports for export. Some exporters think if this will happen aeain that they might as well favor this market with their orders in
 Attention Is now being given by the trade to the new crop. which has not yet begun to move except in Florida, where some has been shipped Reports that about the same number cf boxes have been cut as last year, and that new lands under operation in Florida will not more than offset the abandonded lands in Georgia. What threatens production more than any other thing is the labor supply. with the naval store operators, planters. saw mill men and fertilizer people all bidding for radc to think that the crop of l9o4- o5 will be about the same as that for the past season and certainly not larger opera tons in Alabama continue on a favorable scale and with much of the virgin pine timber throughout the southern part of the State be- ing invaded by opeI ators.
 SAVANNAH, March 3t.-Turpentlne nothing domg, receipts, 634; exports, 254. Rosin firm E sales sales s37; receipts 62s; exports. 2 ssS C. 2 65; Il, 27o; l. 2 o5. K, 3.2o; Nj. S.5ei N 3 60: W c, 3 80, w W. 4. 10.
 CHARI PISTON. -Turpentine and rosin nom inal; nothing doing.
 WILM NGToN -Turpentine nothing doing eeipts. 9s '"TST TST hrm n4.n"E 7c rEeeeipts 22 Crude turpertinc firm. 2.25. SIS and 3.fS' receipts, 2.
 Treasury Balances.
 WAssJSgT2S s5Ss fG3 MsrSs Sis oog s pal
The Montgomery advertiser., 1904-04-01
c. E. Pierce & Cos Gotten Letter.

(By private Wire from C. w Lee & Col
 NEW YORK, March 3l.-As compared with fore this season, develonments of the past few days have proved of iirather uninteresting nature and lacking those sensational and ex- citing characteristics that have been of ab- sorbing interest. The net result of four day 8 business has been to reveal the strength of the cotton position. After the sharp advance to 5t cents following the census report the market broke to l4A cents and then recovered to I5A. The reaction was quite to be expected after the extensive advance but the stee dy Improvement in the face of opposition by sew eral of the more important interests in the To- cal markets can be taken as revealing a stronger cotton position than the most enthusi- astic regarded as possible at this time. Trad ing has been along narrow lines the outside interest Is very small and the majority of pIo- fessionals are inclined to be bearsh in their attitude. Short sellers have been compelled to buy in cotton at an advance of those profits show that however unattractive the situation may be to buyers. 1t Is extremely dangerous cotton position broadly. the outlook is cer- tainly bewildering. It is all well enough for some of the mill owners and dealers in spot cotton to say that consumption can not go on at l5 cents a pound. But with Liver pool stocks the smallest since the Civil War and the interior movement almost nothing if can really close up shop and throw employees out of work and stop machinery. The next few months in the cotton market will be travelling through an unknown country with no landmarks to guide the voyager and there is no one old enough, or experienced enough In the cotton business to say that Is cents is going to stop production of manufactured goods leaving the world to go naked People h st t2 p s csnta Sshed ponD5 nsher Ss s
 report is anywhere near correct the ques- ton of price Is not likely to enter into the problem. Under the circumstances we can not but continue cur attitude on the same side of the account prevailing heretofore this sea son, and while advising cau''',, we believe cotton should not be sold short but purchased on good breaks.
The Montgomery advertiser., 1904-04-01
Kansas City Live Stock.

KANSAS CITY. March 3i,-cattle-Receipts $500. including POO southerns. Market as as; fair to good. soa4. 40: Western fed steers, 3.4o04. .4o stockers and feeders. 2. .75 COWS. 2 2.4u0i 3 AS; native cows z .oous %; native heifers. 3:2ea4.35; bulls. 2.5oa3 .ssi
 Hogs. Receipts. 5000. Market JOG lower Top, SIS; bulk of sales. 5.05G6. I2h: heavy 5.66@5. IS: packers. 5.oog5. I2h; pigs and
 sheep.-Receipts. I,ooo. Market strong native lambs. 5 .ooG5 !5; Western lambs. aoGs 26; stockers and feeders, 2. 50G4. lSo
The Montgomery advertiser., 1904-04-01
Weather Conditions.

The. western storm. centered over Colorado yesterday, has moved eastward 10 Oklahoma causing continued cloudy weather in the South and rains from the Rocky Mountains eastward over the northern half of the coun' try; temperatures are higher in southern cen tral and eastern disticts; an area of high ba- rorneter moving in over the Northwest Is giv- ing fair and colder in the far Wetst. with heavy to killing frost and freezing tempera- lures over the upper plateau region.
The Montgomery advertiser., 1904-04-01
New York Coffee and Sugar.

NEW YORK, March 3I.--Cofee futures opened steady at an advance of 5Gio points on moderate covering and a scattering demand following rather steadier European cables and continued bullish predictions as to the showing of the worlds visible supply statement around the first of the month. Demand was not heavy at any time but there appeared to be very little coffee offering and the market Sales, 3I 800 bags. April 5. .45q6. .55; July.
 5 90; September. e;osgS:i November.
The Montgomery advertiser., 1904-04-01
Execuror,s Notice .

Notice is hereby given. that on the l7th day of March, 1904. the undersigned was ap, pointed by J. R. Gaston, Judge of Probate of Montgomery County, Alabama, executor of the last will and testament of Virginia Gordon claims ags inst the estate of said Virginia Gordon Abercrombie. deceased. are notified to present the same within the time required by law or the same will be barred.
 CHARLES c. ABERCRoMBIE
 Executor of the last will and testament Of s''''A O''V' 'N'''''O''' fri-at
The Montgomery advertiser., 1904-04-01
The leading futures ranged as follows:
ARTICLES

Cash quotations were as follows: wSeat~No 3. ssass; No. red. sea Corn-No. 2. 56la No. 2 yellow, 5ena a5eh Oats-No. 2, 4iq4le; No, 3 white. 42ha A.
 Mess pork, per bbl., I3.l2hGi3I5 Lard, per 100 lbs, .67AM6 90 Short ribs sides doose). 6.62iaq6.75. Short clear sides (boxed), 7.25d7 50. Whiskey. basis of high wines 1 .29.
The Montgomery advertiser., 1904-04-01
New Orleans surar.

NEW ORLEANS, March 3i.-Sugar steady Open kettle, 2%@3 3-l6; open kettle centri fugal 3q3ss; centrifugal whites. 4A94% yellows; sh94; seconds 2%G3h. Moiasses l5 Syrup nominal, 2od25.
The Montgomery advertiser., 1904-04-01
Indicates rise. Indicates fall.

The Coosa and Alabama will continue tc fall slowly or remain stationary during next two days, except probably slight rises in upper Coosa Friday.
The Montgomery advertiser., 1904-04-01
Cincfnnatt ProvIsions.

CINCINNATI, March -3l.-Fiour quiet Lard quiet. s.6o Bulk meats quiet, 700. Bacon steady, S.2S. Whiskey quiet, .29. Sugar easy
The Montgomery advertiser., 1904-04-01

pointing to bullish weekly statistics caused an aaNance of if to ic 1iom the bottom on the near positions and . on the late. Room traders evening up trades before the holidays supel induced u siight decline near the close making the net gam 24 points on old crop op- tlons and to Is on new.
 Bombay receipts for the week were 63 cOO against o4,vvv last year. and the total receipts against l,ool ,ooo last year. or 267. o1o less. The amount to be brought into sight for the week loohs like 1t will be under Iuu, ,Ooo. as compare ed to i5S.ooo last year. which will make the American crop point to an outturn of Io.-JV uJU on the face of the movement. Frcm the above 1t will be seen that thus far the American supply is 32o.UoU under last year ana the Indian supply is 257 GOO under last year, and as the Egyptian and other crops are estimated to be aDUut the same as last year, the deficiency of all kinds to date Is oio00U under last year. With the above deficiency the statistical position Is at present very strong. but 1t is cIaimed by those well posted that the American crop will be 72o,- uo0 under last year and the Indian 590. .UOO or an aggregate deficiency of l3ouv0 in the supply of all kinds. In other words, the supply of all kinds from now out is anticipated to show further ienciency Of v,u .SU. If this materiaiiZes and spinners are fair talk els of cotton, sthe strength of the statistical po- sition will be unprecedented. In the mean while what price must be reached to discount these bullish figures? The future action of spinneis will determine this feature; there fore the spot demand will be the principal fac tor in regulating the future ise of values.
The Montgomery advertiser., 1904-04-01
St. Louis Provisions.

z ST. LOUIS. March 3l.-Flour dull, un; changed.
 Whiskey steady, .32IA Pork higher, jobbing, 1925. Bacon steady; boxed extra shorts and clear lbs, 7.7S; short clear, 8. %. Lard higher; prime steam, 6.60.
The Montgomery advertiser., 1904-04-01

Manhattan consoi gold 4s ..... ....e ......I03h Mexican Central 4s ..t.... ....s ......".. 69
 Mexican Central lst Inc. ...... I3h Mnn. and St. Louis 4s ..:. .... .... e6
 Missouri, Kansas and Texas 4e .... ......too Missouri Kansas and Texas Ends ...... TIh National R. R. of Mexico consol As .... 76 New York Central general 3hs 9Ih New Jersey Central general ss ......... 29% Northern Parinc 4s .... .... .... '..'..iO5?s Northern Pacific 3s .......... TIA Norfolk and Western consol 4s .. .... ..,. 96h Oregon Short Line 4s and Partic .... 94S Penn. conv. S1zs ssssssss SoB Reading General 4s 96% St. Louis and Iron Mtn. consol De .....i l4N St Louis and San Francisco fg As 62h St. Louis Southwestern ists 94% Seaboard Air Line As .... 70
 Southern Pacific As ...... ..".. 99h Southern Railway 5s .....l
 Texas and Pacific lists -... .... ..1 l6% Toledo, St. L. and Western 4s ...... SEA Union Pacific As .. .... .... ..I03h Union Pacific conv. 4s .... .... .... .... 98& United States Steel 2nd 2s .... .... .... 75h WaDasn lsts ss'' ....t lo
 Wabash Deb: B .... ..,..... 6IA Wheeling and Lake Erie 4s .... .... ...... STA Wisconsin Central 4s ...... S9h
The Montgomery advertiser., 1904-04-01
THE WEATHER.

Daily Local Weather Report and
 River Bulletin. U. S. Department of Agriculture.
 Weather Bureau. MONTGOMERY, Ala, March 3I 1904
The Montgomery advertiser., 1904-04-01
New York Erv C,ooda

NEW YORK, March 3I.-The dry goods mar ket has not changed from the stagnant condi- tion which has been prevalent so long. There are those who look for a change before long from those manufacturers who are compelled to realize on their product. Few buyers are in town and those who here are not inter- ested except for immediate delivery.
The Montgomery advertiser., 1904-04-01
Caldwell. Ward & Co.'S Market Letter

NEW YORK, March 3l.-The strength in to-day's cotton market is the outcome of the face of the approaching holidays and the fact that this Is holy week. observed in both New small. yet both the spot and future cotton markets have held firm and show an ad- .,g sancing tendency Receipts and movement ish. 1t Is well known that Liverpool and the continent are yet far behind in their supply light trade and the gradual closing up season of March preparatory to work in the new lieved will stimulate better foreign business the coming week Look forward to more ac- tive market and advance in prices all around On New York's close Liverpool is due to come to up on Tuesday next.
 Liverpool cables spots up. Futures show an advance of to points over yesterday. It was due 10 to l2 up. This is considered poor The small advance in spots are against point, This was due probably to the approach ing holidays. and continued narrow mar erai impression Is that we will have better prices next ext week Port receipts to-day prob 800 last Week May-June in Liverpool is as high as 6 cents in the English market. May in New. Orleans last night closed at g.. which shows the difference in months. but this po- while A good business was transacted in in conditions prevail in the cotton belt today. but no rain is reported, not even from Texas. Manchester and 1t Is likely to continue for some time. Bombay receipts for the week. 63, 900. against 84.ooo" Everybody in the spot business Is working around factors
 whom said to be asking to i4 advance. Futures to-day were quiet but steady. The market looked more like shorts covering than anything else. May options In New Orleans opened at SIS. advance of IS points over last nights close. and iuctuated through out the day within a range of 20 points
 It is very decidedly characteristic of a hol- day market. Very few trades were taken on except by the shorts covering It will be remembered that In our letter of yesterday we called attention to the strong statistical position and we are still of the belief that l. 8 cent cotton is not improbable. Dallas. Texas. wires: The past winter has been mild and go devoid of ice and snow, that the boil weevil. instead of appearing in June. is now out in great numbers and ready for business. We are of the opinion that the boil weevil comes out of the ground. fai mers have already brought us in the real pecimen to- day It stated good autho ty this morning that Sully. through is friends, was heavy buyer of May options in New York.
The Montgomery advertiser., 1904-04-01
New or'~- cotto~ Fu+ure-
B Be.y,[ Co.t,r ..ttce

R. B. Beer Cnftnr Letter
 lEvePrivate wjro ;a ~-f''yeII Ward < CD
 NEW ORLEANS, March 3i.-As Liverpool was better than expected our rerket opene l IF to 2 higher old cop rnoaths and 2 to [ 3. up on the new E"alizinG shortly after oc . casioned a rscesaicn cf 10 S. but the frmncss of spots and tho cpnt!nucl light receipts
The Montgomery advertiser., 1904-04-01
Daily Cotton Market.

NEW YORK, March sI.-cotton dull; mid sco; sIS,.,n stGcs sso lo7 se4 Exports. to Great Net receipts, 9.77l; exports. to Great Brit ain, 2. lS7: to continent, l53; stock 53I- S5z Consolidated: Net receipts 4s o35; ex- ports to Great Britain, 29.3ls; to France. 4i43o; to continent. 6.Se5. Total since September Net receipts. 6.7o2. 549; exports to Great Britain 2o69 BPS: to France. 6ei aa994: to continent: 2.ss6. .5ss; to Japan, s. UALVESToN;-Quiet; middling. l41: sales. l42: receipts. ,le6; stock, 36.656.
 NOBILE.-Quiet; middling, IA II-I6; re- cepts. i7e; stock 7,777
 SAVAsSNAH.-Quiet mi6dhng I4% sales l5; receipts 4l2; stock. 5l.472.
 CHARIESTON.-Firm mIddiing, I4Ih; re- ceinis. 25 stock. A. 4945.
 WILMINGTON.-Nomin stock 6I57
 NORFOLK.-Receipts. 200: stock i4 500 HETEROGENEOUS middllng, 5; stock, BoSToN.-Dull; middling I5.I5; net re- ceipts, 900; gross. ,2SO.
 PHILADELPHIA.-Stea middIing IS GO: receipts 2. 5l; stock s53
 ST LOUIS. s.-ouiet middling. I5 sales. lcs; receipts 8e4: stock, I7.o27.
 NEW ORLEANS.-Cotton steady; sales B. oSe. Ordinary, I2k: good ordinary IA g. Is; low middllng. SIS; mlddlins s g. iS; good middling. 5is; middling fair. 5h Re. ceipts. 4.533; stock 2eS. l6o.
The Montgomery advertiser., 1904-04-01
Weather Eeport.

Temperature and precipitation as reported stations during the 24 hours ending a. m..
The Montgomery advertiser., 1904-04-01
MARKETS FOR FUTURES
ADVANCES OF s TO IT ON THE
 OPENING.
Some Irregularity ard Occasional Reactions, But on tine Whole the Ruling Was Steady
 Throughout the Day.

New York. March 31.-The cotton mar Ret opened firm at an advance of s to II points on covering and some buying for long account. apparently promoted by higher Liverpool cables than expected, bu. continued light movement. srhere was some irregularity and occasional pe- rlcds of reaction but those were limited bctE in duration and scope, and the mar oay, closing steady to 10 points down from the top on some positions on room realizing, but a net gain of i4 to 26 points. Sales were estimated at only 250.000 bales. The trading seemed to. be mostly of an evening up character, but rentiment ap- pc6red to be bullish and the gossip on the floor had very bullish average. II was rumored for Instance that the late bull leader had re-entered the market, through friends buying May and July in large blocks on a scalp from about 1f.50 and A.75 and there was also some talk to the. effect that a Wall Street op- orator. who has recently been believed 10 have been operating on the short side nad-coveied his sales and gone long, In addition to this there weie reports of an improved spot demand after the holidays and private a1vices indicated some sales O. spot cotton at New Orleans Port re- ceipts for the day were rather heavier than expected, but the interior movement remained very light, amounting to only
 about half of last years. and the bulls claimed that the heavier port receipts
 were due to better demand for export and was also at the expense of stocks
 al counter interior towns. On the other hand accounts from the dry goods dis trIct continued very unfavorable, the de- mand for cotton products remaining. ac- co:ding to public reports. on a strictly
 h7nc to mouth basis with spinners ev- dently preparing to make extensive cur tailments. Receipts at the ports today
 san bales against SSS5 last week and
 26S last year. For the week 55 5,0CO bales,
 against 6S.l60 last week and ,43l last year. Todays receipts at New Orleans
 were 4.5S bales against i.79O last year.
 anu at Houston 1.ts7 bales against 1913
The Montgomery advertiser., 1904-04-01

T1ndicates trace.
 FRANK P. cHAFFEE, Section Director. Weather Bureau.
The Montgomery advertiser., 1904-04-01
New York cotton Fntnraa.

NEW YORK, March 3l.-The following were dax:
The Montgomery advertiser., 1904-04-01

Treasury Balances. WASHINGTON March 3l.-TreaSury bal ,snces s223. .e42. s4Si gold. sIi6,ooe, 300.