davidaulloa/AmericanStories huggingface dataset:
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-02-07

/ find that among people having close con-
nection with the South the opinion prevails that
there Will be an immense increase in the cot
ton acreage this year last This view is
in direct opposition to that which is being culti-
waited in certain Southern sections where an
organized effort is reported to be under way in
the interest of planters to restrict the area
and thereby maintain the price Of cotton on
higher plane.
The country has been literally circularized late
ly to the effect that the South only raises cot
ton in large quantities when IL Is hard up and
that its recently born period of extraordinary
prosperity Is certain to be followed by a natural
reduction in cotton acreage. Those who pretend
TO be best Informed give this wise exposition
the merry laugh and contend that while the
planters and their friends may be talking re-
duced area and giving organized expression that
way, individual planters everywhere are prepar-
ing TO increase their own acreage % TO Is per
1t has always turned out in the Northwest and
West that whenever farmers have made a con-
certed move TO reduce any given CROP the re-
suit has been an immediate increase. a circum-
stance which gives rise TO doubt a. TO the en-
tire righteousness OF the farmer and planter
The rule seems to be that the tier OF the soil
is willing his neighbors should cut down their
acreage. but that he individually should be ex-
empt from that requirement
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-02-07

a number of bucket shop failures has startled
the cotton trade. during the last ten days no
section Of the country being exempt. Some
weeks ago / Sounded warning OF this possibil-
ity intimations Of weakness in the bucket shop
quarter having been heard in Wall street. Many
of these concerns that made large sums of
money during the slump in the stock market
have paid their profits back and more in the
astonishing advance in cotton prices.
One bucket shop hacker with Headquarters in
Boston. New York and Chicago is said to have
lost over SO. 900. 600 and 20 have saved himself
from utter failure by suddenly cutting short his
responsibilities and taking passage for Europe
III change for the better takes place in his
fortunes he may return in time to take his
usual active part in sporting events. his special
hobby being the elevation of the standard Of
the horse. There others besides this turf
celebrity who have gone on the shoals by
reason OF their connection with bucket shop
financing. but they are keeping as far in the
background possible.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-02-07

THERE ARE NO SAFER INVESTMENTS
for your money than the farm and city
mortgages that We have for sale.
In q years we have sold over eighteen bill
lion dollars of these mortgages and have
never lost a dollar of interest or principal
and have never fOreclOsed a mortgage since
we have been in business. Phones. New 1924:
Old black f125. &. y. WILLIAMS az co.
Bankers No. 10 East Market ST.. Indianapolis
We allow three per cent. or deposits
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-02-07
y


For years the oratorcal and literary efforts of
the leaders of the Farmers Alliance throughout
the country TO keep up prices Of farm
products by curtailing acreage This plan was
a complete and utter failure from first to last
The propaganda was followed by occasional at
tempts 10 induce farmers to hold back their
crops One notable instance OF this occurred
in the Northwest about fifteen years ago.
The Farmers Alliance organs urged with yreat
grain FOR 81 a busheI The plan Worke3 in 't fs
case for a short while, and during that period
the Minneapolis millers and their allies in Chi
eako taking advantage Of the buliish fever Gre
millions of bushels Of contract grade upon the
market
Then when the farmers themselves tried 70
sell they found no BUYERS and the prices dropped
20 cents a bushel That was the last concert
ed effort Of the kind made In the Northwest
The campaign now being undertaken throughout
the South to educate the cotton planters along
able. but II ii does II will be a novelty.
New York almost invariably takes bearish
view OF the grain markets. The Produce Ex-
change is composed largely OF men in the export
grain trade. and their interest is TO keen priccs
down point that will reach foreign bids.
The market is chemically fun OF bids for I.iv-
erpool and continental account just below the
current quotations.
This fact explains the attitude OF the New
York party towards the grain market verr not
urally. therefore the speculative element which
looks for its news and Inspiration TO the Neps
York grain merchants and commission men sou
the market short. Thus IL fnvariabIv han,e,s
that when bull movement is started in Chi
cago and gets under Roadway a bitter strife
springs up between the Board Of Trade OF Chicago
and the Produce Exchange OF New york
IL l. estimated that the short Interest IN corr,
at the present time In this locality aggregates
2J.000.e00 20 31oW0o bushels. The bull leaders
are quite willing that this short interest shouid
be enlarged and are rather encouraging hesrisb
talk than otherwise The bigger the shove t-,.r
est the bigger the killing. l have heard some ~
the most experienced specialists in corn nredtct
s. cents for IL in Chicago within the next ninety
days. and In the same breath prophesv n Co.,
wheat and 30 cents for oats.
Having gotten wind Of a Wall-street scheme
70 secure advance information OF the purpor,
the Northern Securities decision the S,,rrer,e
Court al Washington has taken extraordlnarv
precautions 10 prevent leak II Is OF com
mon knowledge that In the past this kind of
information has been obtainabe whenever the
interests were sufficient 10 tempt speculafors
10 obtain II. w. @. NICHOLAS.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-02-07

Wall street gossip has it that White House
favor has been transferred openly TO the Stand
ard OIL people and that long as Mr.. Roose-
welt is at the head of affairs ]. Pierpont Nor
gan will have very little to say in Washing
ton.
For a dozen years more Mr.. Morgan has
been the recognized counsellor, OF Washington
administrations in matters of governmental high
finances. There has never been an important
move undertaken without calling him in. and
in more than one important instance he has
been given practical supreme direction.
II credence is TO be given Washington news
at this time Mr. Morgan has been super
seeded by Mr.. James Stillman, president of the
National City Bank and the recognized hnan-
cial representative OF the Rockefeller interests
Mr. Stilman has lately been a guest at the
White House and several others identified
closely with Standard oil interests have re-
ceived marks of signal White House favor
The Presidents personal banking is done
through Standard Oil channels.
distinguished New England senator re-
Gently allied to the Rockefeller family by mar
rage is looked on as the Standard Oil political
agent in Washington Altogether il would seem
as though the petroleum element had ex-
tended its influence in very marked way
within the last year and that il is still branch
ing out and extending its hold upon large
affairs.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-02-07

The outlook for the coming week in local secur-
tiles is bright. There is much inquiry for the
leading stocks and bonds. In some of the lead
ing issues il is probable that advances of a
point or two will be scored. The demand for
the Indianapolis Street-raiway issues continues
active. From the record of sales reported to the
exchange the past week IL would seem that the
demand for bonds at the present bid prices is at
lull The weeks of January recorded a large
activity in the leading bond issues. and il is
thought the market was cleaned up these Sc
curties at the present bids There is such a
large inquiry for the leading stocks that there il
little doubt but what the market will be higher
within short time. a number of houses report
traction issues.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-02-07

Wall street is in q state Of perplexity over
the maneuvering at Washington for amend
ment to the interstate-commerce and Sherman
antitrust bills. The conclusion was jumped
to that Senator Foraker was acting for the
administration in the presentation of his bill
amendatory of the existing laws on these sub
jects
Senator FOrakers recent activity the ad-
ministra TONS representative in Ohio gave ap-
parent warrant TO the conclusion that he would
not take such an important step without White
House consultation and IL was accepted al
most without question that his bill had the
Presidents approval in advance of its intro
ductiOn.
Prompt Reputation by Attorney Genera!
Knox has, therefore, been or less dis
quieting in the financial district and has in
spred fresh discussion as 10 what the Pres-
dents attitude and purposes on the trust ques-
ton may be.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-02-07
STEEL FOUNDRIES CASE
MANY OTHER SECURITIES SHOULD
LIKEWISE BE UNLISTED.
Nicholas Says james StiIIman Has
ington-Bucket shop Failures.

NEW YORK. Feb 6.-The conscience Of the
New York Stock Exchange is undergoing an
awakening. II is beginning to take action
against some Of the corporations whose stocks
dealt in under its auspices. A in
ties have been dropped from the list Of those
traded in the Exchange.
This action comes late. but IL is. neverthe-
less a favorable Indication. It is in a sense
a recognition Of the responsibility Of that body
10 the public and may in time lead TO a
keener appreciation Of the value Of its in
dorsement 10 securities TO which il has given
direct tacit approval.
There is way OF estimating the amount OF
money that has been lost by investors who have
bought stocks and bonds unquestionably be-
cause OF the fact that they were listed on the
New York Stock Exchange. This privilege OF
listing securities has, in the past, been too lightly
held and has done great deal lower the
popular estimate in which the Exchange Is
security that should be thrown out OF the Ex-
change. In fact IL is OF many, and its
expulsion should be followed by a general weed
ing out of rotten stuff and a sacrifice Of lame
ton of higher walls against the future admis-
sion OF securities against which the public
should be protected by all the influence which
the organized exchanges can command.
In this particular OF Steel Foundres IL is
claimed by friends OF Mr.. Schwab. who has
been heralded the chief sinner. that he
cipal legal adviser. a Chicago lawyer. who
leaped into sudden prominence through his con-
nection with the original steel and wire crowd.
Mr.. Schwab has certainly been badly advised
and led by somebody and the street is willing
10 hear testimony in support OF the claim that
he has been victimiZed by selfish men.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-02-07
Chicago Stocks.

GBy a. r. Thompson & Co.'S Wire.
The Birmingham age-herald., 1904-08-02
cothran 6 Co.'S Market Letter.

Cotton--Cotton assumed a steadier tone today and also sustained a material i'm provement in value.
 Our market opened slightly higher and steadily recorded gains, influenced, no doubt, by the published crop reports re- fiecting some uncertainty as to the real ization of large yield, and condition figures to July 30 of S45 emanating from New York.
 Opinions regarding the coming bureau figures are being modified and many now expect that the crop will be shown to have slightly depreciated in condition dur ing July, and a lower figure than the June average of SS will be read on Wednesday,
 Tn the summary of the Times Demo- crats published report it is stated that the present crop is one of great p0sslbili- ties, with favorable weather conditions during the month of August a large yield may be had, and a material reduction will loilow continuance of such weather as has recently prevailed.
 Ine most serious complaint Is the boil weev1l in Texas. We have always con- tended that certain amount of cotton snou,o De conceded to devastation by the DOH weevil, estiamtes of the havoc ca used last year vary from 100000 to 7e0,- W" pales. and 1t Is possible that thie years oestruction will be equal to th q"an'''y' but with this alIowa
The Birmingham age-herald., 1904-08-02

consideration of the increased acreage VIC can see no reason to justify the be- lief that a disappointment will ensue h the crop of that state.
 While the long interest of spinners Is very generally admitted to be large, such contracts are usually predicted on sales of goods and as trade conditions have not Justified large forward purchases the long interest of mills may be less than ex- pected. Slightly higher prices may be observed. but we do not expect to see them sustained, believing they would es- tablish an excellent basis for sales.
 Wheat-There was selling early on im- proved weather and large receipts. but the continental markets were strong. There was a good-sized decrease on pas sage, and 1t proved to be a large increase in the visible. Offerings were splendidly taken. although great deal of long wheat was thrown over, the buying in eentive being based on a number of dam age reports from the northwest, buying orders being plentiful from thas quarter while commission houses were quite ac- tive on the buying side An Improvement was noted in the flour trade, and while Kansas City was half to one cent lower. the indications go to show that winter wheat receipts will fall off The strength in corn was decided help, and there is a possibility of export business devel- oping following foreign buying of the fu- lures, we would favor purchases on all Gips.
 Corn-Car lots under estimates and re- ceipts only fair There was rush to buy at the start due to Roumania news, at least 100000 bushels being bought on foreign account while shorts were fright ened and covered In September December on "a es,1ae ohn q0Q n0n bushels. with export sales at seaboard ranging from 20 to 65 loads. Closing was strong at top prices and we think there Is enough in the situation to warrant higher prices for this cereai.
 Oats-Oats were unsettled and nervous. which was only natural following the July squeeze, and while movement shows some increase we think the short inter est Is growing. There was good buying Of December and May, and we favor pur- chases on all dips.
 Provisions-Provisions were quite weak carly with hogs, the average weights showing five pounds over previous week, and are in large supply throughout the N est. The strength in corn started shorts covering, and it Is possible higher prices may be worked, but would favor sales on the hard spots
 Stooks-The market was irregular after early depression. It became evident stocks ere not pressing, and shorts began to cover. It is highly professional and easily manipulated.
 Fractions led the advance with Metro politan, the leader on which we have been bullish for several days. It will probably reach higher figures on this movement. We are not inclined to recom- mend purchases of grangers on strong spots. It was evident this morning that the shorts had never overdone, just as the bulls are likely 10 do and the neces- sity of taking small profits is potent.
The Birmingham age-herald., 1904-08-02

corn-Mixsd. sc: white. osc. Cotton Seed Aeal-Per ton, feed. t2l; prime. sa6
 Fruit and Produce. Corrected daily by c. F, Bell & Ce. 20ls
 Morris avenue) Lemons-Per box, extra choice, S.5Og 400
 Bananas-Per bunch, 75dSi.25 AppIes-New apples, per barrel, 75c to $1.O0.
 Georgia Plums-S1. .25d1.50 Peaches-Six- ix-hasket crates, 75c to s1.25. Csrapes-Baskets, 20 to 25c. Home grown cabbages, 1c. Eggs-15a16e. Peanuts-Fancy, per pound, 7ikc; No. g. 61sc.
 Potatoes-New Irish potatoes, per bush- 75dS5c
 Sweet Potatoes-ss25 to ss75. Onions-Per pound. 21Ac. Olera-s1@1,25 New Alabama Tomatoes-Per basket, 4C to 50c
 CantaIoupe-crate $1.00 to s1.6o Watermelons-10620c. Beans-GreSp, 40c to COG. Huokleberries-24-au crates, Si.0O41.5O. Egg Plant-Per dozen, I0c. Cucumbers-Per crate, 50D75c. Peppers-SzUO. Butter-Renovated. 1Sd20c: creamery, 20d21c; country, fresh. 12lh915e. Poultry-Hens. 25c.; large, BOG. broilers, S1i2c; flyers, 15d25c; ducks, 20a25o.
The Birmingham age-herald., 1904-08-02
AUGUST SHOWS
 SMALL DECLINE No Gables frOmLiverpooI Owing
 to Bank Holiday WEATHER IS FAVORABLE Very Little Cotton Was Offered and Only Moderate Buying Orders
 Were Required to Ad-
 vance Prices.
WEATHER IS FAVORABLE

New York. August 1.-The cotton mar ket opened steady at decline of [ points on August, while other positions were to 4 points higher. The decline on August was due to light liquidation. It was notice day in that position, but very few if any tenders were issued and the month ruled neglected during the en- tire session, rallying slightly later in the day in sympathy with later positions which showed generally firm undertone
 Owing to the bank holiday there were no cables from Liverpool, and with no change in consuming conditions, the trade was confined to the weather and crop news for market influences. The weather over Sunday was generally favorable, but private crops recently have indicated de- terioration in some sections of the belt, and following the call the market showed further steadiness on support from Wall street bull sources and moderate south ern covering.
 Very little cotton was offering and 1t required only moderate buying orders to advance prices which by the middle of the afternoon showed net gains of about to 2l points on the new crop months. Later realizing eased the list off slightly, but the final tone was steady with Au- gust net unchanged, and the later months IA to IS points net higher. Sales were estimated at 150,000 bales.
 Receipts at the ports today, 690 bales, against 2709 last week. and 647 last year. For the week. 1s,OO0 bales. against IA ,SsS last week, and 1471 last year. Today's receipts at New Orleans. 52 bales, against lsO last year, and at Houston 55, against nothing last year.
 New York, August 1.-Cotton quiet: middling, 10.70; net receipts, 34; gross. S32; sales, BIC; stock, 43,113; exports to the continent, I.
 Total today Net receipts, 69; exports to Great Britain, 3S6; to France, 45O; to the continent, S9s; stock. 102, ,919
 Consolidated net receipts 4736; exports to Great Britain, sSs to France, 7s2; to the continent. 7S6; to Japan, 1405: to Mex leo, 4S2
 Total since September 1. Net, receipts. l,l19,992; exports to Great Britain, 2.4S6,- 761; to France, 6SS,S14; to the continent. 2,5S4,30 to Japan 46, 195; to Mexico, 27, 3I0.
 New York Cotton Futures.
The Birmingham age-herald., 1904-08-02
LONDON CLOSING
 CAUSES DULLNESS That Market is Index of Inter-
 national Situation PRICES CRtPT ] UPWARD
,eranaers and Paclfics Were Leaders In the Movement-Railroad Traffic Advices Are Uniformly
 More Encouraging.

New York, August 1.-Extreme dullness of today's stock market was quite eyi- dentIy due to the closing of the London stock market, and was a testimony to the importance attached to that market as an index of international political condi- tions.
 Hesitation and dlslnclinaion to enter into new commitments here with the Lon don trading suspended were the dominant features of the local market, but it was also evident that there was wanting any effective pressure of liquidation on account of the local condition or on account of weak speculative holdings of stocks such as caused the reaction of last week. With money practically unlendable on call ex- cept at one per cent or below, there is no clear reason why speculative holders should be forced to liquidate, and they seemed reassured today about the main tenance of the market value of their holdings.
 Slight pressure to realize the value of their holdings brought pressure to re- alize after the opening was absorbed with out difficulty, and left the way open for the creeping upward movement of prices which followed. In this the grangers and Pacifics were the leaders. This was in consonance with the weekly advices of railroad traffic. which officials are in the habit of stating in interviews for publication. These were quite uniformly encouraging as to increasing traffic of tering, and hopeful and even confident as to the improvement in business sentiment and prospects for fall business.
 The substantial increase in net earnings for June over last year, reported by the Atchison, was helpful to the movement. The speculative mind did not seem to be intimidated by the prospect of loss of trans-Pacifc traffic owing to the an- nounced refusal of steamship companies to accept shipments for Japanese ports at Pacific coast points. A published re- port of the placing of orders for 6O0O0 tons of steel rails for the Hartman system. was an influence In the strength of those stocks and of United Steel preferred.
 The strength in the wheat market was somewhat variously interpreted, but the London Times report of general damage to European crops was a factor and ap- pealed more to stock market sentiment han did the reports of harm to spring wheat from too much moisture. The sharp increase in the grain movement and some large foreign buying reported of corn were received with satisfaction. The eastern IAllroauS ana coaierS were less ar fected probably owing to the shutting down of anthracite colliers for a week From today. The strength of the Metro politan fractions was unexplained in the news, but was accurately foreshadowed In the mornings "tips.f The movement In United States steel preferred held the later market firm in the face of some profit taking, and the market closed firm.
 Only few of the prominent stocks moved AS much as A point
 Bonds were dull and steady. Total sales bar value. $940,000
 k United States bonds were unchanged on hall
The Birmingham age-herald., 1904-08-02

seopie's 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 before oall- ing on me to be cured. Why not come as soon as affiicted2 You will save money. distressing pain and valuable time; be- sides. there is satisfaction in knowing that the very best treatment is being given you by an honest. competent phy- sician- I have treated private troubles as a speciality in the city of Birmingham. Ala, since August 3. 1sS7 cure syphilis, ronorrhoea, gleet, stricture, lost manhood. etc. I cure many patients by mall treat- ment. Write for prices and terms.
 I do not use large advertisements and false statements to attract patients which merit has failed to secure. If you fail to be cured by such methods. give me cal and get well.
 My offices. are the most private and quiet in the city. tenth story of the new First National Bank building. corner oi gecond avenue and Twentieth street Rooms 1o12 and 1o14 Take one of the fn' elevators to tenth floor.
 Office hours; s:S0 a. m to SIS Q m Sunday. 10 .. m. to IF m -J
The Birmingham age-herald., 1904-08-02
Monthly Comparative Statement.

Washington, August 1.-The monthly comparative circulation statement issued by the comptroller of the currency shows that at the colse of business July 30, 1904, the total outstanding circulation of national notes was $450206, ss8, an increase for the year of $32,S60,401, and for the month of $971, ,793.
 The amount of circulation based on United States bonds was $415 025156, an in- crease for the year of $37418, 330. and for the month of $2,265,707.
 The circulation secured by lawful money amounted to $S5,181, ,732, a decrease for the year of $4,557, ,929 and for the month of $1,293,914
 The amount of United States bonds on deposit to secure circulating notes was $417, ,95S, ,690, and the amount of United States and other bonds on deposit to se- cure public deposits with national banks was S119577 550