davidaulloa/AmericanStories huggingface dataset:
The Montgomery advertiser., 1904-12-15
MARKET FOR FUTURES
COTTON WAS MORE ACTIVE THAN
 RECENTLY.
Ruled Generally Steadier on Account of Covering of shorts and Firm Spot situation-Closed at Ad-
 vance.

NEW YORK. Dec. 14.-The cotton market was little more active than recently and ruling ienerally steady and seemed to re- fleet not only the covering of shorts, but a touch of buying for long account, inspired. doubtless, by the steady spot situation and expectations that spinners would advance their buying limits.
 The opening steady at an advance of II 14 points on covering due to the firmer Liverpool spot market which reported an advance of 6 points with sales of 5000 bales The Liverpool futures market showed little feature. but seemed disposed to follow local quotations which, after the opening, moved upward until just before midday, the trad ing level was some 9@12 points net higher. Realizing set in at this level and reports of . couple of small banking failures in Geor- gia also operated against the market, with the result that prices worked back about 6 or points from the best.
 The decline attracted fresh support, how firIned to the best level of the session. or a net gain of 12G13 points on the active months. Just before the close the room realizing was promoted by reports of Wall Street failure. and the market eased off from the best. The close was steady. net 7@12 points higher.
 The afternoon steadiness was encouraged by the official reports from Southern spo. markets which indicated advanpss in most cases. although business was evidently small It was also pointed out that interior with ports and as suggested by this fact, exports continue full General speculation for an advance is lacking, however, it be- ing feared that any marked improvement will be met by increased spot well as speculative offerings
The Montgomery advertiser., 1904-12-15
NEw YORK COTTON FUrlREs.
a. E. PIERCE & CO.s COTTON VETTER.

(By Private Wire from Gibert &NClay.)
 NEW ORLEANS. Dec. 14.--Liverbool did nothing unruly today, prices were as logic ally due until the effect of American buy ling caused a further slight improvement. Business was reported dull, although sales Aof spots showed slight increase. Options Hriese,I points and spots points up Trad Ing continues light on our exchange, shorts were early buyers and in the comparative snbnence of fresh selling orders, had to pay advanced prices The course of the market gsrass near reproduction Of yesterdays ffuctuatfons after opening gains covering n narrow range The spot situation present. ed no new features, beyond a reported slight sncreaee in offerings from the interior To- raiIy the grades being offered were not considered satisfactory for the purpose of of -1rasx,ils convention in Shreveport to induce Texas planters to abandona cotton, and meeting of farmers in the ssbne city nnsnl- .1I TnousIy declaring present fprices unsatis- factory were or minor 8terest Rumors of two bank failures ir ieorgia resuitlne fuliy confirmed and If tfle are in this in- auce insignificant. Itfappears 10 us the
The Montgomery advertiser., 1904-12-15
WALL STREET REVIEW.
STOCK MARKET FTRMER AFTER RE-
 CENT PAROXYSM.
Listless Movement After Demonstrafion of Capitalists to Keep Market from Falling Disastrously-Closc
 Waa Inactive.

NEW YORK. Dec. 14.--Another step was taken to the establishment of another stock market today after the paroxysm of fluc- tuations oh the recent dealings. The dem onstration made yesterday to the effective support which was forthcoming to protect the market from a further disastrous fall. led to a listless movement to ctUer shorts on the part of retreating bear party.
 It developed in the course of the day that conditions were not favorable to the rapid return to the speculative mood existing be- fore the break in the market The demand rapidly thinned out and at the higher level there was some pressure to sell at the recog- nized prices. Towards the end of the day the market sunk into a dull and listless state. not far from Hast nights close. There was nothing in the circumstances of tho day to account either for the morning ad- vance the afternoon reaction further readjust Itself by a series of lessening fiuc- tuations after such commotion that to which it has been subjected. Sensitive ness to the course of Amalgamated Cop representative degree as lately.
 The advance in that stock was a material its yielding was the signal for the abandon. 1 ment of operations for the rise. The at tempt to move prices upward centred con- had the, especial advantages of the active demand for coal. stimulated by the wintry weather. Advances in a number of the stocks in the group extended to or 2h points.
 .Atchison was the most conspicuous weak spot in the market During the period of strength in the general market Is was mere ly laggard. but with the reaction it yielded sharply. The decision to issue $50, 900 of convertible bonds to provide capital for extensions and absorptions the evident cause of the disfavor with which the stock was viewed in the days speculation Its drop to three points below last night in the late market perhaps helped to drag down the rest of the list.
 The addition of u.soo.ooo in gold coin to the engagements of all the available gold bars for export had an unfavorable sentimental effect. The further rise in the exchange rate made the gold outgo more easily applicable, but the fact that the ship mept is to be made on a slow freight steam CT without regard to the added interest charge for the lesser transit keeps the movement in anomalous situation The money market not affected in any de- gree. and in fact was sensibly easier both for call and time loans. San Francisco con- tinues to make large acquisitions on New York for cash in addition to the gold ex- ports.
 The reaction became pronounced in the late market and last prices were generally lower than last night especially in the Paciffcs. Changers and United States Steel The closing was weak
 Bonds were irreEuad Total sales, par value. s3,520,000. United States bonds were unchanged on call.
The Montgomery advertiser., 1904-12-15
NEW YORK COFFEE AND sUGAR

NEW YOKk, Dec. l4.-VOffee futures opened steady at advance of 1O@15 points in response to a strong advance in the European markets, accompanied by bullish private cables There seemed to be an increasing demand from trade interests and cotton exchange houses and there also considerable buying for European ac- count, but at the advance which carried prices into the high ground there was heavy liuuidntion and after ruling steady to firm around the initial figures up to about mid day, the market turned easier in the after noon and was finally steady at a partial advance of points. Sales. 162.76O bags
The Montgomery advertiser., 1904-12-15

market is pursuing natural course in re-
 maining practically stationary during this period of the necessary filling of past en-
 agreements. Should prices advance later the cotton being held will be sold and serve to check gains of moment and should values decline. much cotton will be forced for sale. through the inability of holders to protect loans. The question is resolved into what will be the value of the surplus and although conditions have changed very much and consumption materially increased since the last time cotton was a glut on the market. we believe present prices moro than discount any improvement which may have transpired and if the crop is as large as supposed. it Is improbable that the mar ket can be sustained for an extended
The Montgomery advertiser., 1904-12-15
NEW ORLEANS COTTON.

NEW ORLEANS. Dec. IA Spot cotton remains quiet but steady. Sales. 4.000 bales. including 1,700 to arrive. Quotations un- changed
 Futures opened steady with prices 2G4 points up. Trading during the early hours of the session fairly active and 7G9 points had soon been added to the open ing figures. Profit taking by longs caused prices to recede to near the opening level The volume of trade moderate. Janu- ary opened points higher at 7.62. sold up to I'll and finally declined to 7. 65. The fluctuations were within a narrow limit. The market closed steady, the list showing met gains of 4a aS points
The Montgomery advertiser., 1904-12-15
CHICAGo GRAIN AND pRoyIs1oNs.

CHICAGO. Dec. 14-Decreased receipts in the Northwest were chiefly responsible for here today The close was almost at the highest point of the day. Corn Is up Ac, oats show gain of lsc. Provisions are Q
 The wheat market was firm from the start; Sentiment at the opening was influ- enced somewhat by easier tone in foreign grain markets The initial price for May was 1. SA G1.o9. All signs of bearishness. however. were quickly dispelled by dc- cided decrease in Northwestern receipts. Ru- mors of continued light movement were par tially confirmed through fairly active huy- ing by commission houses with Northwest ern connections. The demand from that quarter started covering by shorts An element that had considerable effect was the Illinois crop report. Compared with the Government estimate the figures of the State statistician on the area seeded to wheat showed decrease of half a million bushels strength of the cash markets at al influence late in the session. May reached the highest point of the day just 6efSre fS the ht.e close the price touching iosNa 1 09h. Clearances of wheat and flour were equal to 9S000 bushels. Primary receipts were 90S, 900 bushels. compared with 9S5,- 300 bushels a year ago, Minneapolis. Du- uth and Chicago reported receipts of 570 cars. against 7s5 cars last week and 665
 The feature of trading in corn was the free selling of December holdings. A prom
 nent long was one of the principal sellers. and May corn at time sold at the same price. Future deliveries held firm throushout the entire session May open. ed at 44A G44&s. sold up to 44% and closed at AS. Local receipts were POI cars. with one contract grade.
 The volume of business in the oat pit was extremely light. In sympathy with the strength of wheat, firm undertone pre- vailed. May opened unchanged at SOH. sold up to SO& and closed at the top. Local re- ceipts were 5s cars.
 Under the influence of decrease in hog receipts, the provision market ruled firm. Trading rather quiet. May pork closed with a gain of Sc at 75. Lard also was up 5c at 7.12A. Ribs were 71ac higher at 6.T5.
The Montgomery advertiser., 1904-12-15
LOCAL COTTON MARKET.
TOTAL COT,tON MOyENENT.

" Total today, at all ports, net 47,S26; fhip- ments. to Great Britain, 9.736; to France. 150: to continent, 27S12; to Japan. 2,542; stock, 1.024.4S0.
 Consolidated. at all ports net 236. .445; shipments. to Great Britain. S3,403: to France, 15,150; to continent. 121.s3S; to Ja- pan. 2.542
 Total since Sept. l. at all ports. net B. 220.357: Shipments, to Great Britain 1.S3S,- 40g: to France 390,603; to continent. 1.40S,- ST: to Japan. 40.530; to Mexico, 12.364.
The Montgomery advertiser., 1904-12-15
KANSAS CITY LIVE STOCK.

KANSAS CITY, Dec. l4-Cattle-Receipts II 900. including zoo southerns. Steady to 10G15c lower Choice export and dressed beef steers, 5 .OO@6.5 50; fair to good, 3, 500 5. co; Western fed steers, 8 50 a 5. 50; stock CTS and feeders, ?. .50d4.15; Southern steers, 2.50@4.5O; Southern cows. 1.75 d3 25: na- tive cows. 1 IS 44. 25 native heifers. 2.50@ 5. 50; bulls. 2.ooQ4 90; calves, 3.OO@6, 25.
 Hogs-Receipts, 13,OOo Market 5q10c lower. Heavy, 4. 50 q GO; packers. I .40Q 4.45 pigs and lights, S.75q4.45.
 sheep-Receipts. 20o0. Market stea iy. Native lambs. 4.5Oa 50; native wethers, 4.51@5.O0; native feeding ewes. 4. a 4.75; Western lambs. 4.5ctg 6 40: Western year lings, 4.25q 5.45; Western sheep. 3.75@ {. 75 stockers and feeders. 2 2,50@4.50.
The Montgomery advertiser., 1904-12-15
INFERIOR MOVEMENT.

HOCSTON.-Steady: middling. "A; net receipts 11,T13; gross, 11,713: shipments, 12.906: sales. BPS; stock, 99.65e.
 AUGU5TA.-Firm; middiing. 7%: net re- ceipts, 1.411; gross, 1,411; shipments. 1.960 sales. 26S; stock. 94.S17.
 MEMPHIS.-Steady; middling. 7%: net receipts. 3.s17; gross. 7,429; shipments, g. . SIPS; sales [, 200. stock. l40, 952. ST. LOUIS.-Quiet; middling, & net re- ceipts. 300; gross, S.9ss: shipments 4,155; stock 31,759. 2 CINCINNATI--Net receipts. 2.1S3; gross. 2,1S3; shipments GIT, stock, 4,47S.
 LOUISYILLE.-Fhm middling. s.
 Total today: Net receipts, 19.424 gross. 26,735: shipments. 29.4s6; sales 5.791: stock 371.66O,
The Montgomery advertiser., 1904-12-15
DAILY COTTON MARKET.
 porf ATnvaxneuf


 1 GALvESToN.-Steady: middling "A; net receipts. 13,s70: gross, is.s70; sales. 1s stock. 205.370: shipments. to continent. 12.- 621.
 GALVESTON.-Steady; middling. IS; net receipts. 14,s4s; gross 1s.9s4: sales. 1000; stock. 4oss69; shipments, to Great Britain . 1000; to continent 9.7s5: coastwise. 2.5O0 MoBILE.-Firm: middling. 7h net re- ceipts. 2.122: gross. 2,122; sales. 50; stock. 65. 92o.
 SAvANNAH.-Firm: middling. 9-16; ne, receipts. 9.442: gross. a.442: sales. 1s4; stock 147.6S2; shipments, coastwise 2SS CHARLESTON. Steady; middling 7ls net receipts. SIS: gross. SIS: stock. 29. 500 WILMINGTON. - Nominal: net receipts 4s7: gross, 467: stock. 4.470 4 NORFOLK.-Net receipts, 1.725; gross. l. 725: stock. 42.035.
 ALTIMoRE--NominaI; middiing. 7%; gross receipts. 375: stock, s.770.
 NEW YORK.-Steajy; middlng. SIS; net receipts, 1.3s6; gross, 5,797; stock. 100,393 shipments. to France. 15o; to continent, D. 39s.
 BosToN-Firm; middling. 8; net receipts 1880; gross. S160.
 PHILADELPHIA. = Steady; middling, : s. 40: net receipts. 50; gross. 50; stock, 4.- 4se.
The Montgomery advertiser., 1904-12-15
NEW ORLEANS COTTON FUTURES. N-I,IU 0I2 [. 4 NrE na. IA --l,cttL,I, fIit n
NEW ORLEANS SPOT COTTON.

NEW ORLEANS. Dec IA Cotton steadier sal les, 4,OO0. Ordinary, 5M; good ordinary. 7-16; low mddling. ' 3-1s; middling. 3s; good middling. ' 1S-1s; mid ding fair 6-l6. Receipts. 14,9s4: stock. 409, 969.
The Montgomery advertiser., 1904-12-15
Indicates fall. [ Indicates rise.

River Forecast.
 (For next two days)
 The Coosa and Alabama will continue to fall slowly or remain stationary.
 Weather Conditions.
 (Past 24 hours.)
 The disturbance central over western Texas yesterday has moved to the middle Gulf coast. diminishing in energy. but caus- ing light precipitation in portions of the Gulf States, with warmer in the Southeast: the northern high-barometer area now cov- ers the Lake region. giving continued low temperatures over the entire North and the interior. with sharp temperature falls in Texas; snow continues over the Lake region and Northeast, and a depression over northern Montana has caused rain snow in the Northwest and middle West, warmer in the Dakotas and Utah; fair weather pre- vais in the Southwest.
 Temperature and precipitation as reported by the Weather Bureau for selected South ern stations during "A hours ending a. m Dec. 14. 1904
The Montgomery advertiser., 1904-12-15
NEW YORK DRY GOODS.

NEW YORK. Dec. 1.-The dry goods market is showing signs Of increased firm ness. Tire feature has heen the announce ment that the price of Lonsdale would be advanced to 7Mc tomorrow and that Fruits have been placed at value. Sellers gen orally not inclined to force business and look forward to improvement in the nea' future
The Montgomery advertiser., 1904-12-15
NAVAL STORES.

WII.MINGTON, Dec l4 = Turpentine nothing doing; receipts. 25 casks.
 Rosin firm. 2.45; receipts, 243.
 Tar firm. l. so; receipts, 2s1.
 Crude turpentIne firm. 2. 80 and 3.sO; re- CHARLESTON. - Turpentins and rosin nothing doing
The Montgomery advertiser., 1904-12-15
TREASURY BALANCES

TREASURY BALANCES. WASHINGTON, Dec. l4 Treasury bal ances sl44,203.515; gold. ss6,319,4l2
 ST. LOUIS PROVISIONS. ST LOUIS. Dec. 14.-Flour steady. Whiskey steady. l.27. Pork higher; jobbing, 11.4O. Lard firmer; pripn steam. 6.52la. Bacon steady; boxed extra shorts. 7621s: clear ribs. .S2n short clear. S.121s.
The Montgomery advertiser., 1904-12-15
MARINE NEWS.

MOBILE. Dec 14.Arrived: Schr. Ella l.. Davenport. Dunton. Philadelphia. Cleared: Strs. Brighton, Nor. Kalager Booas del Toro; Fort Gaines. Nor. Olsvik, Bocas del Toro; bark Albion, Rus. Small. Buenos Ayres.
 NORFOLK.-Sailed: Str. Palatin, Br [, Jackson. TampicO.
 NEWPORT NEWS.-Arrived: Str. Texas Dan.. Anderson. New Orleans.
 KEY WEST. - Arrived: Strs Concho. Barstow, New York and sailed for Gal weston: Mascotte. Allen. Port Tampa and sailed for Havana; cutter Hamilton. Tampa; tug Os cola, Tortugas. Sailed: Str. Middle ham Castle, Liverpool: dredge Atlantic. Jacksonville with schr Edith Folwell in tow; tug Independent New Orleans.
The Montgomery advertiser., 1904-12-15
LoyEMAN & CO.'S COTTON LETTER.

NEW ORLEANS, Dec. 14.-Market scored an advance of about 10 points today on ac- ton of planters in convention at ShreVe- port. resolving to hold the remnant of their crop for higher prices, and to curtail pro duction of the staple. There was little do- ing lccal spots. many reporting t-16c to hc up. but official quotations remain un-
 changed with market steadier; sales' 2;9oo' ever be the results of farmers and mer- chants deciding to hold their cotton pres ent run of receipts do not show any falling off when compared with year ago. and it is thought that even if the holding policy Is adhered to- arrivals will continue heavier than last year owing to the larger yield .han one year ago. making good any falling off in movement that may come or holders rushing to market all of their crop. To the close of last night receipts at 13 h. terior towns was as much l25,169 bales, compared with 113,261 last year and stocks at same points show an increase of l5.l46 bales, against increase of 7.340 one year ago. holdings at the same towns figuring 54S, ,943, compared with 354.0l7 last year. In
 the matter of port receipts, arrivals today were 47,S26, against 49.lS7 last year. 1t may be. however. that the falling off in wagon receipts at rural points in the in terior has not been felt at the counted towns yet and that 1t may show more plainly when We have eitered Nnext week, 1t requiring some little tine for such ship ments to reach the counted towns.
 As the matter now stands both factions in the market awaiting developments, no new features of importance having come to the surface today; longs depending upon farmers and merchants to withhold their cotton from the market while shorts are looking forward to a continuance of free re- ceipts notwithstanding intention of holders to the contrary. In the meantime stagna- ton prevails in the spot department and in futures and trade is more or less affected in a general way. As far weekend fig ures of this week, shorts will probably have the best of 1t. both as to weeks insight and variation in worlds visible supply. What next week will bring forth remains to be seen, but at that time, if the ginners' re- port be issued in installments. We will have the first bulletin; if issued a whole, it will probably be published before the end of next week, when it will probably show II, 000 900 more bales gnned to Dec 13.
The Montgomery advertiser., 1904-12-15
LIVERPOOL COTTON FrTUREs

Dec. IT. - Cotton futures
 ened and closed quiet. American mid
The Montgomery advertiser., 1904-12-15
HAYWARD, WICK < CO.'S COTTON
 LETTER.

tNtrgfn & Faunce MgrS)
 NEW ORLEANS. Dec 14.-The undertonc of the cotton market today was unmistake- ably firm and while there little doing about the future ring. prices advanced al the opening and remained well above the closing of yesterday throughout the session with the exception of short time during which the bears engineered miniature raid by spreading about the cansrd that two banks in Georgia had failed because of their attempts to carry heavy load of high priced cotton.
 It looks as if the market was in for a pro- tracted season of holiday quiet and every one Is wishing for something to happen to stir the market out of the rut 1t is in. The farmers in session in Shreveport doing their best to startle somebody and before they get through with their meetings and conventions. they may say something which will be heard around the cotton world. They must have startled themselves this forenoon. for they adopted the following dispatches to us: Resolved. that 1t is the sense of this convention that the only way to destroy and prevent the spread of the boil weevil is by some means to prevent the planting of any cotton within the infect ed section of Texas or any State or Terri tory wherein infected lands exist. for space of twelve months"
 The market displayed a good undertone from the opening and March climbing well up toward !. 90 when rumor had 1t that two banks in Georgia had failed under their burden of high priced cotton. This broke the market about points. Late in the morning reliable information obtained from Georgia that no banks had failed by attempting to carry cotton and that the only foundation to the rumor the em- barrassment of two small banks last week for causes which we may not mention here but which certainly were not the loaning of money cotton When this news was given about the market took on Its good tone again and recovered to the highest levels of the day.
 The spot market was quiet and steady. The demand was not strong, but offerings were not free. The country offered nothing dianAtchaE effect that at all points farmers were tenaciously holding on to what remains of their crops. On the other hand, the buyer did not dis play the alarm oyer this state of affairs which the bulls have been expecting he would and 1t claimed in some quarters that while December shipments will be heavy they were, to a great extent, covered some time ago and that exporters are not so short as is commonly supposed
The Montgomery advertiser., 1904-12-15
NEW YORK BONDS.

Total sales for the day. 1.lso, 200 shares
The Montgomery advertiser., 1904-12-15
Temperature. Precip STATIONS. Max. Min inches

FRANK P. cHAFFEE. Section Director, Weather Bureau
The Montgomery advertiser., 1904-12-15
THE WEATHER.
B g m m sSS4 sSsa t.a SS :SS eisuSy-N cloaay-NE

Maximum temperature for day. 4s deg. Minimum temperature for day, 41 deg. Average temperature for day. A deg. Normal temperature for day. 51 deg. Accumulated deficiency since Jan. l. fl deg.
 Average relative humidity for day. 7S per cent
 Total rainfall since Jan. 1. 35. .s5 inches.
 River Bulletin. Observations at a. rn, 18th M. time.)