davidaulloa/AmericanStories huggingface dataset:
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-05-05
Ware a. LeRand'S
Cotton Letter,

Raleigh, N c., May 4.-Before the
close last night there was a general
feeling that the market would have a
reaction. This was shown by the ac-
ton of Liverpool when prices there
advanced 10 points this morning and
closed firm. 1t looks very much as
though the bear crowd was covering
and hoping to put the price up in or
der to sell to better advantage. A
storm in Texas, small receipts and
larger spot business in Liverpool all
helped the rally. But If YOU will recall
the market of late you will see that
every time a new low point is reached
a reaction follows. When July first
broke to 1898 there was an advance
to 1926. Then a break carried JuH
to 1873 only to have an advance &c
over lic. The next breaF vas in the
sixties, and an advance, the next to
the fifties and an advance to 1884.
yesteday the berak to 1910 entitled
the price 70 a reaction of 90 to 80
points. same as before. We cannot
figure out any radical change i'm the
market and it looks as though on a
further advance we could expect
another period of weakness. Weather
is very much better in the South. Con
ditions are not brilliant but there is
no anxiety unless the Texas storm
amounts to something. We don't see
what there is to be short OF cotton on,
but on a further advance there is like
ly to be a break back towards the low
figures.
WARE & LELAND.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-05-05

preferred below So. The second
mortgage bonds were also reactionafy
The disruption of the Bessemer ore
Association was the assigned cause OF
the selling, and there We're large
transactions in the preferred stock
At different times. The obvious cause
Of the advance in Union Pacific was
The giving out of a statement by the
head OF the system expressing hope
ful views of the business outlook, es-
pecially through the west. The at
ttude of the market. however WAS
strictly awaiting one. The D1 ogf eSS
OF the gold movement was viewed
with equanimity, the days engage
ment of $1,750,000 for export to
Paris, bringing the weeks total up to
1000. while the suD-Treasury
paid out today $3,275, 900 on account
Of Japanese gold deposited at San
Francisco. Interest attaches to the
estimate of the collector of the port
of San Francisco that Japan and Rus
STA have spent some $40,000,000 / in
this country for war materials, includ-
ing provisions, since the war begun.
The large increase in the number and
the liabilities Of bankruptcies for
April compared with April of last year
had a chilling effect and the marked
increase in bank failures especially,
are confined TO a small class of the
institutions. Southern Railway was
not helped by its good showing of
March net earnings and Rock Island.
preferred, "ose vigorously IN spite of
the falling off of about one-tEird in
The net earnings Of that system for
the same period. The days changes
in prices were INSIGNIFICANT.
Bonds were Irregular. Total sales
(par value) $2.100,000.
United States old As coupon ad-
vanced 3-S per cent on call.
Total sales were 500 shares, in
Guiding Atchison $500; Chicago, Mil
waukee and st. Paul 1000; Louisville
and Nashville 400: Pennsylvania 49,,
500: Union Pacific 34,500; Southern
Pacific 10000; Southern Railway 800;
Southern Railway, preferred, 400:
Amalgamated Copper 12,400; Brook
Ign Rapid Transit 800; Tennessee
Coal and from 400; United States Steel
$500; United States Steel, preferred
Al geo.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-05-05
Raleigh Spot Cotton Market.

Receipts yesterday :. :. bales
Prices yesterday :. 10 1-2G014
Reefs same day last year. bales
Prices same day last year 10M10 1-2
Receipts this week 10 bales
Reefs same week last year % bales
Receipts to date :. .. ..13,S59 bales
Reefs last year to date .14,743 bales
The prices this week have been
varying from - - to Il cents with
two bales here on Monday, fou! on
Tuesday and four yesterday. A year
ago the figures were from 10 20 10 1-2
cents a pound with II bales on Mon
day, four OH Tuesday and eight OF
Wednesday.
The New York spot market dropped
20 points Monday, going to 1856. on
Tuesday it fell 10 points and closed
at 1856, While yesterday it advanced
Is points and is now at 1870
The estimated figures here by
grades are: Strict good middiing.
IA IA cents; good middling, IA cents:
strict middling. 8 is cents; middling,
l3 ga cents; stains and tinges, 10 to
. cents.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-05-05
New York, Ny 4-Cotton spot closed
quiet ID points higher: mlddling uplands
1870. gulf. 1895, sales 2l3), bales.
Futures opened firm and closed quiet
Cpen Clo1e High Low
New Orleans Cotton.

New Orleans, May Cotton spot
quiet but firmer. Sales were 100
bales, including $50 to arrive, $50 f.
o. b. and 200 delivered on contracts
Quotations advanced LIE.
In the future market the fear o.
the day came with the close when
one of the most thrilling settos ever
seen at the local ring between bulls
and bears took place. The bears had
lined up at the ring some time before
the close and by steady offering had
hammered July from 14.10 down to
1896 A few minutes before the
close the two leading bulls COM
menced bidding 1896 for July. The
bears Immediately commenced offer
ing huge blocks at 1897. Suddenly
the bulls commenced bidding 1881
for July. and the bears began firing
lots of a thousand bales at a time
at them. The situation was tense
s and the ring in an increditably shor1
time was crowded twenty deep with
brokers. Suddenly one of the lead
ing bulls yelled across the ring to the
other buy all they've got and I'll take
half In moment the leader was
on top of stool frantically gesticu-
lating as he accepted the cotton that
was being hurled at him by the bears
For a moment the big bulls and bears
glared at each other, while the small
er operators apparently forgot ell
about trading. The leading bull
yelled a bid of 1897 for ten thous-
and bales of July across the ring, and
then followed it up by another bid
for 10000 bales. The bears auaiied
in short while the bulls kept on bid
ding 1t the same figure that the bears
had been offering large quantities OF
cotton at, but when the closing gong
sounded there was no cotton for sale
i'm the ring, the bears had been
suuelched. AT the close of the mark
ct the zone was called steady july
was points higher than the close OF
Yesterday at 1897; October was )
points lower at lilo and December
was 5 points lower at 1926.
New Orleans, May-a-Cotton futures firm
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-05-05
w. B. Smiths
Market Letter.
Especial to News and Observer }

NcptCidl 10 NEWS anu ODSeIN6T.)
New York, Nav 1.-THE opening of
today's market was comparatively ac-
tive. and a higher range of prices was
established but not maintained. After
the first hour the market relapsed
into dullnesS and prices were inclined
TO sag under the continued weakness
of the steel securities, Whi@h were un-
favOrably effected by the dissolution
Of the BesseTner ore Association.
After a rather easier opening all
wheat markets advanced on publica-
ton of the Missouri State report
making the condition of wheat 81,
being the same as last month. and
as compared with 86 last year. Corn
was favorGbly affected by the same
report, which states that not over 10
per cent of the corn crop has been
planted There were rumors of a
good export demand for corn, but
most of the buying was by shorts.
Provisions were strong and higher
on a slightly increased demand and
light hog receipts we favor the pur-
chase of the July options of all grains
as we'll as pork and ribs.
Liverpool cables reported unex-
pected strength in cotton, with sales
of 10000 bales spots at points ad-
vance. The local market opened
active and higher for all options, and
shorts covered freely. Offerings are
light and prices are easily influenced
by the volume of orders received from
the South as well as from Liverpool
Reports as to weather and temper
atures were uniformly unfavorable,
but failed to turn the market, Whicl
closed firm at about the best prices
Ci the day. Receipts at ports today
estimated at 1000 bales, against TO-
$50 last year.
w 3. SMITH & CO.
CoWan's Pneumonia Cure-a life pre-
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-05-05
Stocks and Bonds.

New York, May 4.-The counter
pose OF weakness in the United
states Steel stocks. against strength
IN Union Pacific had the effect of
holdlng the general market in "a state
Oh practical immobility today. The
general movement was narrower and
the market more neglected than at
any time since the present period of
dulineSs set in. Both Of the United
States Steel stocks touched the low
est prices on the present reaction
the common getting below 10 and the
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-05-05
Naval Stores.

Wilm ngton, May 4-Turpentme steady
81: recoipts9 casks.
RoSn--tirm. 2.IS; receipts ii Ibis.
Taf-drm. go receipts 81 bblS.
Crude-tirm, z.2j@3.730i 90, receipts GG bbls.
Charleston. May 4-Turpentne firm !:
aleS 20 casks, roSm firm 100 bblS.
Quote A, Il, G, D. 235@o, r. 245; +. $50; G.25'
H,2G5; l. 40; ~, $40; NJ, $40; n, $50; VIC, Sac
WV, $50,
Savannah, Nay 4-Turpsntine firm, s.
receipts 3a3 sales CO. exports 100
ROsin-finn, receip s So, sales go, exports
i,lDl.
quote A, i, C, go d, 81, f ?60, 2 s., G. 27o
& 2.7o, 2,oJ, Is 5.l5, NJ 3.2J, $40, " u, j 5"
WV $50.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-05-05
HAVING PURCHASED

tho interest of Hon. A. NJ Powell in
on, ini,7+ b,,s;ness as above stated, this
is to ANNOUNCE that l have sold our
ue go 60 horses, tools etc, and our in
$50 mt.s - tt,a coal, Wood and Ice Bust
.eieat ~ .1sa,eers. Johnson e. Johnson, of
-. nc 70 du Tho will be pleased to serve
onis ely. o. customers and to whom !
respectfully j. A. JONES.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-05-05
New York Cotton.

New York Cotton.
New York, May 4.-The cotton
market opened steady at an advance
of Z to 10 points on covering and
buying by room bulls in response TO
firmer cables than expected and re-
ports of q more active spot business
in Liverpool. Early weather accounts
We're generally favorable, however,
and Immediately after the opening,
the new crop positions showed rath-
or a declining tendency, but later
were rallied by the continued firm
ness CT the old crop months and re-
ports of q storm over sections OF
Texas which was said to be sufficient
~ severe to interrupt the telegraph
service with Galveston and Houston.
During the entire session the mark
ct. while showing more or less ire
gularity, was generally firm, led by
the near positions, which were gov
erned by the outlook for a better spot
demand in connection with the SEN
Sationaliy light interior movement,
which reached less than q thousand
bales for the day. Local shorts were
evidently uneasy in view of the dimin-
ishing stocks, further exports and
talk that English spinners would so
ON full time after Whitsuntide, and
i'm the afternoon May sold up to 1870
around 1850 and the net gain on the
general list was matter of to "a
points, the later positions being reia-
lively heavy under the generally ia
VOrable crop weather, which un-
doubtedly restricted commission house
buying to some extent.
The market closed at within to
points of the best for the day: quiet
III tone, at a net advance of s to ~
POINTS. Sales estimated at $50, 900
.ales Port receipts for the day were
less than half of last years and ex-
ports were more than double them.
Estimated receipts st the ports to-
day 1000 bales, against $3.50 last
year. and 1925 last year. For the
week $4,000 bales. against 41,303 last
week and 1928 last year. Today's
receipts at New Orleans were 2,23S
bales against 4,126 last year, and a.
Houston bales, against $3.50
last year.
New York, Ny 4-Cotton spot closed
quiet Is points higher mddling uplands
1870. gulf. 1895, sales 2l3,, bales.
Futures opened firm and closed quiet.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-05-05
New York Money.

New York, May 4, p. m.-Money on cali
easy l@l1a. closing IA offered Pa. time
loans steady, go days 2l4@s490 days 2I4@A a, six
months 31aGA, prime mercantile paper3A9414
sterling exchange steady with actual business
in bankers bills at 4S7.006l........ for demand
and at 4SI.S5@43i.90 for 90 day bills posted
rates 4S51a a4S5tdG4SS. commercial bills 1890 -.
bar silver 5i5s, Mexican dollars 43K.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-05-05

Having sold my entire interest in the
firm OF Jones & Powell to Mr.. j. A.
Jones I desire to thank the public for
the liberal support given us for the
past twenty-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, 1904-05-05
Cash quotations were as follows:

Fiour-quiet and steady, winter patent i.70@
i.S0, s,raights H. i0Gi 90, spTing patents 4.30d
40, spring patents .Gg.... straights 37Od
10, bakers 2.55 n3. 3d. wheat No. spr ug 90G9S
Nc. 3 s5@52, No. 2 red I02@ corn No
l7l<t9 iSL4: No. 2yelow 81 as, oats No. 2 401sa
rye No. 3 6JI, cd feeding barley @2957.
fair to choc, mailing ij@ y, flax seed No:
To-, No northwestern 1857, prime timothy
SEED 2.9O@, mess pork per bol.il 500 10, lar
par IO0ib G5jG657K, short ribs tides
loose )G. l21S06.2j, dry sailed shoulders( boxed
- short clear sides (boXed) 6.5G067a
wnskey basis of high wines l.25, clover con
tract grade 1878,
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-05-05
S. A. r. Stocks ana Bonds

Baltimore May 4--Seaboard Air Line
common 5000, preferred l7s4@iSh
Bonde-4S....
a. G. l.. common l07X@l03x, preferred 49,.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-05-05
7, Conformation of the above I wish

Tn confirmation of the above I wish
to join in thanks to the public and all
friends for past favors and conhdeRce,
and to request continuance OF She
ali accounts due, which will be the
most nTactical method Of showing
their good will. Yon-ro
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-05-05
Other Cotton Markets.
Chicago Grain and Provisions.

Chicago, May 4.-Conflicting re-
ports regarding the condition of
wheat fields in the southwest caused
firm close in wheat today. Final
figures on July were Il shade higher
than yesterdays close. Corn is up
&c. Oats show a gain of Is q II c.,
and provisions Z u a 10c.
lOpening. Highest Lowest. Closing.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-05-05
NET GAIN Of FROM
SIX TO NINETEEN
Result of the Days Oper-
ations in Cotton.
Wheat Winds Up Firm on Conflicting
Reports From the Southwestern
Fields. Immobility in The
Stock Market
Reigns.
(By the Associated Press.

New York, May no appreciable
increase in the orders received to-
day is noticeable in the dry goods
market. although more inquiries are
noted here and there. mostly. how
ever, with the purpose OF strengthen
ing the market. In certain quarters
more or less irregularity is reported,
but the majority realize the futility of
attempting to force business by price
concessions.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-05-05
New Orleans
Liverpool.

Liverpool, May 4, 4 p. m.-Cotton spot
American middling fair, 7 50, good middling,
7.7o, middling 7.e2, low middling 80, good
ordinary, 7.3s ordinary IT'S. The sales of the
day 10000 bales of which 800 were for specu-
lation and export and included $500 Ameri-
can Receipts ,...... bales including 49,.
American.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-05-05
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.
A. M. POWELL.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-05-05
New York Provisions.

patents an s5l0S5 50: MINNESOTA patents $50 %
%. do bakers 4.O09t2j
Rye four-quiet, tair TO good SLl09I35,
,hoce to fancy S4:36@470
Oorn-meai steady yellow western SlOS9l.lC
kiln dried 1903 10.
Rvt-ouiet No. 2 western 1917.
Barley quiet feeding 10 mailing 55665.
Wheat@hrm No.2 red I0i: May, 9I1aQg; July
y u; September, S3A Dec. %
,orn-spot firm, No. z, 6012; May, oo18; July
oatse.irm Mixed 45@l6. May No. 2, ~,
Beef1$ Steady family 50 5'alo5r mess so,e
s 500 $50 Sl'i b.ef Haias 2ooS@2l55
Cut nests-dall. :pickled bellies, =, go %
!; pickied shonlders6h; picked hams la9l9
Gard firm, western steamed LOO; renned
steady continent 40, compound, 649@s.
Pork inactive family ll.5j@; snort clear
$50 q.,5 o., mss i&G)0l3,75.
railow--,,-r ~ st adv: city (S2 per package,
1 g. o s,''. try 10 i55 MAJ
R,osin- firtn strained com. to good 2.SO0,
Turp"nGne-s steady 5S05SH.
Rice-du domestic, fair 10 extra, 3I2tGo19,
japan nominal
Molasses--orin yew Orleans. open kettle
good to h ,ice, 5,a,37.
Coffee->pOt RIO quiet, No invoice Z
mild quiet cordnva l0pgl3
Sugar-raw firm far radu $500 CEN
trifugal 10 test as ~ y moasses sugar.
mould A $40 cut toaf 5.t', crushed 5.l5, pow,
dared L.35. granulnJeIiT5, cube. 500,
Butter easy extra fresh cream :ry 24G 4 state
dairy li623
Cheese steady state full e'In small colorei
fancy Sept i0A "a; small white fancy Sept.
l0M0ll.
Eggs barely cal state al Penn nearby
average finest, liza. Solther' hr:ts 1920.
Potatoes-stea ly Fla 40 o..21 Long
Islant 3.756G4 %. st te aud west IA sacks 3.40d
3.5i. jersey sweets % AT 90
Peanuts steady, fancy hand-pi Ike $40
other dom. Sue 3Met6 %
CabbageLweak, south rn b lie ate rs al p
Cotton ty steam to Liverpool |
Cotton seed oil was Quie, ID new f3tturi
crude f. o. b. mills 23H a prime anitiu,er vel
low 20l503O, off sum. yellow II m prime white
3il5; prime winter yellow SiR@.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-05-05
W. B. Smith & Co.
BROK EfS.
Established 1878.

Members n. Y. Consolidated Stock
Exchange.
Stocks, Grain, Provisions, Cotton.
Private Wires.
We have every facility for prompt
execution of orders.
Correspondence Solicited.
Market Letter on Application.
Empire Building, II Broadway,
NEW YORK.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-05-05
Virginia Springs Mountain Resorts.
On the Line OF the
CHESAPEAKE & OHIO RAILWAY.


oVerWorked
Rockbrise Alum Springs Sweet sweet Clal5hate
taIium and Goshen.
SUMMER BOAiEDEllsS
tanned A H. Railway Ticket Offices.
III. w. O. WAETHEN D. p A.
Richmond
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-05-05

IS SUGGESTIVE or ALL THAT IS SAFE CONSERVATIVE AND LIB
EltAlI IN "OlD EENlZ' INSURANCE
MOST APPROVED VARIETIES ANNUAL Or
SliSO per
provide
a5soiut pyOtcc tion II
ACTIVE RELIABLE AGENTS WANTED
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-05-05
Baltimore Provisions.

BALTIMORE. May 4-Flour quiet winen
patents i9O@5.20, spring patents; sab"
Wheaf-dulI SCOT contract >, no r"
western 1850 May $685., Southern b.
sample 969102. Nav l02
Gorn-frmer spo May 5219ds4 Sou;hc II White
5i34 C05S1a, April 52141QH.
Oats-firm, No2 white 459M.
Rye-dull No q 70 GS0, uptown, n - 15gS0,
Butter-firm, fancy mutation id0a' 'ancy
creamery 02t, fancy ladle l5@l6, picked l2gli
| Eggs-steady ITO.
Cheese-st ady, large 349l0,small old gil
new i00l04.
| 400 fine .i3O
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-05-05
WE WILL BOND YOU.

bond Hc on the
safe II o
American Bonding Company
of
important towns in which
r. D. RANEY General Agent, RALEIGH, North Carolina
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-05-05
The Raleigh & Cape
Fear Rwy. Go.
TINE TABLE NO. 10.
Effective Tuesday. April 5,
1904. at 1901 a. m.

1901. at 12:01 a. m.
Superseding All Previous Time Tables.
So. Bound. N. Bound.
nolr
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-05-05

Gowan's Pneumonia Cure-a life pre-
server.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1904-06-08
Detectives and officers as Much
at Sea as Ever.
Nan Patterson AN ats Investi-
CATION in the Tombs.
ASSERTS INNOCENCE
And Seems Confident That She
VIII Be Released.
A Great Granddaughter of John
Randolph of Roanoke.

New York, June S.-Mrs. Nan Patter-
son, who has been held in the Tombs
prison in connection with the mysteri-
Gus death of Caesar Young, the wealthy
bookmaker, was today taken before
Justice Clark of the supreme court on
a writ of habeas corpus. The court
room was crowded. When the proceed
ings were begun Coroner Brown pro-
duced a copy of the affidavit on which
the woman is held by the coroner.
Attorney Unger for Mrs. Patterson,
referring to the affidavit said that they
were confronted by a paper which pur-
ported to be return, but was in such
shape that he doubted that the dis
trict attorneys office was responsible
for it. He then demurred formally to
the return.
This loose paper is for a dilatory
PURPOSE declared Mr. Unger. He then
went into the law as to coroner in
quests and said that coroner mad no
power to imprison a person accused OF
crime before the inquest, unless the
persons was not in custody.
I'm order to enable the coroner to act
there must be information laid before
him that a murder had been commit
ted" said Mr.. Unger. ''Or suicide" IN
terposed Justice Clark.
Mrs. Patterson never took her eyes
from her counsePs face as he was MAX
ing the argument but she gave not the
slightest indication of nervousness or
anxiety over the outcome. From all
her demeanor she showed, she might
have been one of the half dozen women
spectators in the court room.
Assistant District Attorney Sanford
said it would be a great pleasure to the
coroner if he could discharge the wo-
man, but he could not under the cir
cumstances. Information had been laid
before him that a crime had been com
mitted.
The assistant district attorney went
on to describe the wound and said that
the woman was the only one who was
near the dead man.
THE pistol was held so close to the
coat that it could not have been held
by anybody but the defendant or the
dead man, and from the nature of the
wound the dead man could not have
returned the pistol to his coat pocket,
said Mr.. Sanford as he asked the court
to dismiss the writ.
At the close of the arguments Judge
Clark took the papers and said he
would give his decision at the earliest
possible hour The prisoner was taken
back to the tombs.