davidaulloa/AmericanStories huggingface dataset:
The Montgomery advertiser., 1904-01-01
Nev- Orleans Spot Cotton.

NEW ORLEANS. Dec 3I.-Spot cotton quiet; sales 200 bales, including $50 to ar rive and 100 f. O. b.. delivered on contracts 400 Quotations unchanged
 Futures opened easy with prices 9G23 points lower; this was quickly followed by a recovery that carried prices well above yesterday s closing. Both longs and shorts expected a break at the opening. Although the market was not in the panicky condition of the last two days the undertone was slightly feverish and the attendance greater than at any time this season excepting the last bureau day. The most significant feature of the morning was the lack of offerings. Shorts showed little or no desire to sell and longs had apparently satisfied their desire to liQuidate. The mar ket had every appearance of being sold out. With little encouragement much fresh buy ing could have been brought about, but brokers did not encourage new operations with three days of idleness before them. All brokers were asking S5 a bale margin and many of then advised putting margins at Slo on all con tracts The market was well supported by the bull leaders and closed very firm at the high est level of the day, the net gains being I7q 27 points.
 Note-Excnange closed till Monday.
The Montgomery advertiser., 1904-01-01
-Proprietors

tic selling in the effort to get out. All this has happened and 1t may be the end is not yet. Cotton Is very high. A crash under 3 cents may bring out more cotton than can be taken care of and the decline continued. Un- til some idea of the crop can be had through the census report and the January movement t is as yet no market to buy for investment. On . good break from i3 cents we would not hesitate to begin moderate purchases for q sharp reaction. but cotton so bought should be sold out quickly on any bulge. With today the most eventful year in the history of cot- ton speculation becomes a thing of the past. No man knows what 1904 will bring forth. As far as we are concerned we can only hope for repetition of the successes of 1903 for every one interested in cotton industry. It is no more than natural that our good wishes should be extended in particular to those who have become interested in cotton through us. It will be the aim of 1904. as of sos, to fur nish every who takes the trouble to en- quire the best opinions that can be gathered on the cotton situation. We take this opportunity of thanking you for your patronage and. of assuring you that we will do everything in our power to help fin the realization of our wish for happy new year.
The Montgomery advertiser., 1904-01-01
WALL STREET. REVIEW
FIRMNEss DUE TO LACK o1
 PRES9URE.
The Demand for Stocks is Light and Nothing Moro Than to Hold Prices is Attempted by
 the Spectators.

NEW YORK, Dec. sI.-Nothing more was attempted in today's stock market than to hold prices. This attempt was eIninentiy success full tho market presenting hard and unyieid- required. in fact for the pressure upon the market was the Iightest. The running up of the money rate late in the day to per cent,
 the highest of .the movement. was not unex- The rise was much less than often happens at this period of the year and speculative commit ments are apparently not over-extended and not in weak hands. 90 that the shifting of loans dislodged little stock. Even in the cot ton market a more tranquil tone, prevailed and immediate necessities in the way of closing up contracts seemed to be met and c conservative spirit manifest in entering upon new ones. There was no buying demand of importance for stocks. and the firmness of tn emarket was active show of strength. The most prominent stock in the speculation was Amalgamated Copper, which rose to a new high level of the movement. The only new bearing on the stock per, the December exports. 1t was said. promis- ing to show the largest figures for any month of the calendar year. The report that the United Copper Syndicate had been dissolved also had favorable effect upon Amalgamated. The movement in Atchison was c turn against the shorts. The current earnings statements of the coalers and an announcement of cut in price of steam sizes by Reading rather de- pressed that group for time London also reflected depressing influence upon this mar ket. The year-end money pressure showed In London and Paris as well as here, but Ber- iin's condition was reported to be unexpect- edly easy7 The horror of the Chicago disae- ter gave force to the consideration of acci- dents as destructive factors. Tn eclosing tone
 Bonds were in light demand, but Arm in tone Total sales tpar vaiueD. St,Soo.vvv.
 United States bonds were unchanged on call
The Montgomery advertiser., 1904-01-01
'irrin 6 Faunce's Cotton Letter.


 SNW YORK. Dec. 3l.-An cratic line of
 oknaions marked the closing of 1903 in the
 ttan future market. Early in the day the
 z4SAef was extremely weak at a substantial ssntisse brought about by heavy selling in con- '..srs2an with liquidation by tired longs. How Hner. as the day wore on prominent shorts be- <.an 10 cover and the buying from this source '[f cnn1unction with buying for the account of &orfaff bull interests served to bring about a 3.rlnrsefe recovery And the late market was er- &ttc and uncertain. The market a whole iiN its present shape is acknowledged to be very and under the present circumstances rsaz7v of the smaller speculative interests are s&ii&sied to haxe reduced their interests to rssf.th as extent as to make the general situe- S3nn practically subject to the dictatons of zhe 1aexeA professional interests. The first prices were at decline of l5Q32 points, while the fsf41 levels were highly sensational and very ff4cerxhan. Spot prices were practically un- Sss.atxed and the advices from the South were 7ssnafrtsng as regards the probable movement fn the near future. The statistics were gen. 1raffv about as expected, and under the cir they had comparatively little effect .sa aautfment The estimated port receipts were 6x.D60, against 37, ,66I for the same day last
The Montgomery advertiser., 1904-01-01
SHOWING IS SPLENDID REMARKABLE RECORD OF THE
 NEW YORK LIFE. The Famous Insurance Company Did Magnificent Business in 1903. Income for the Year Over
 $S7, ,OOO,OO

NEW YORK, Dec. 3i.-The close of 1903 hnds many people expectant to the reports or the large financial institutions. It has been assumed with the changes in valuations of the stock and bond list since July st that there would be considerable marking off in values and in the reduction of surplus hold ings The New York Life Insurance Company Is the first of the great corporations to make statement. The expectations for new insur- ance amounted to SAYS, 900. 900. The new paid 1908 is s325, COG, GOO President Mccall states that this aforementioned amount is in excess Of the previous year by S23, 0o0, 900. It shows
 also gain of over sIso. GOO. 900. in total at one billion seven hundred and forty-five mill lions. in amount, covered by BIO, 900 policies
 The income of 1908 is over eighty-seven mill lions and is in excess of the income of 1902 by more than eight millions. The company re- ports also that 1t does not, invest in or loan Upon stocks of any kind and that credit Is taken in assets for the excess of the pres ent market value of securities over their cost value, which excess Is over two million dol lars. The total resources of the company ex- ceed three hundred and fifty million dollars
 Its bond holdings increased in 1903 over thirty millions. The policy reserves, as certified by ] the State Insurance Superintendent, and sur- plus reserves have been increased during the year by more than thirty-five million dollars. The various bank and trust company officials predict an easy money market, and the stock and other exchange members appear to be we'll satisfied that trade stagnation and the doubt ful views of business improvement will like | wise be cleared away in the early part of the year. The large building and railroad opera | tions held up by strikes and tight money mar ket will, it Is believed, be resumed very early I in the new year. The Government export and | Import figures would seem. to indicate that the | total exports will fall a few millions below those of 1900 and be about equal to those of 1901. but materially in excess of those of 1902, while the total imports will exceed
 | those of any preceding year and combined with the exports make the grand total of com merce more than In any preceding year; also | the exports of manufactures will exceed those ! of 1902 by several millions. but be somewhat below those of the record year 1900, and per- | haps 1901. , adv.
The Montgomery advertiser., 1904-01-01
c. E. Pierce 6 Co.'S Cotton Letter.

tBy Private Wire From Ofbert c Ciay.1
 NEW ORLEANS, Dec. 3i.-The tempera-
 ture of the cotton market continued around
 fever heat. though there was turn in the lane
 and prices swung in both directions at diff
 ferent intervals. Cables conveyed the informa-
 tion that a greater break would have been
 observed in Liverpool had it not been for
 liberal covering by continental shorts. As
 matters stood, however, the decline in the
 English market was sufficient to influence sell
 ing in large quantity here, causing initial
 prices to record a sharp additional depreciation,
 but a good demand was attracted at this juno ture which turned the tide and subsequently, the market moved rapidly in the upward
 course, through active bidding by big bulls.
 encouraged by the developments of some in- squiry for spots from abroad, and e slight im- provement in consols and rentes, which was re- garded as indicating less serious probabilities fin the Far East. Although the cotton situa- tion is still gigantic riddle. speculation has played an important part in elevating values and with the advent of new year the trade will be able to get an Idea of the extent of deliveries to spinners that were engaged for
 January and with what degree of promptness they will be filled. Meanwhile the character of demand for spots and the size of receipts will
 claim chief attention. It remains only to ex-
 press the wish that 1904 will be exceedingly prosperous for every branch of the cotton in
 dustry and that at this time next year re-
 joicings will be heard from every direction.
The Montgomery advertiser., 1904-01-01
esMy Sons,'' D

said a great business man, "are my uarkneTs and they need all the sfrength and courage can give lfhefn,h and he forthwith paid for a l8g.ooo, 900 policy in The Mutual ife Insurance Company of New Vovk Not without the most care III investigation, however, extend inw over six months. He was con- rinced by just such facts as led the President of National Bank in New York to make the curious and rhrewd provision in his will, which ie contained in 'A Bankers Will. " FVrite for It and also for the account of the q ,ooo. 900 policy. s.The Largest Annual Premiums. "
 xhls csmpasy ranhs
 ESvse--xn Assets.
 .Fsr5f-Ia Araeant Paid POlicy-holdeTS
 Esrns--En Age.
 TzE MUTUAL LITE ASSURANCE
 COMPANY or NEW YORK,
 RrrnARp A 'fc@------ President s.m q wnioa1. aGauaEuzs NOntEunsEE
The Montgomery advertiser., 1904-01-01
z .. Pierce & Co.'S Cotton Letter.

TE7F FfTVdF0 WIr0 FFO1T ~0'I
 NEW YORK Dec. 5l.-A week ago the cot t.sFs r.snraxet was making new records daily and <l.Et4 seemed to be limits to the advance. f~ fIe twinkling of an eye all this changed. s.sSs aeermulatiOns of months are now being 7,,-,sells' on the market sales being made at any r.vire2 fhe buyer desires to pay. YetS all this s6ftoA cannot be sold in an hour, or day. f1t,E Eaite Of cotton plays no part in a mar Lei sfhere liduidation is on. As stop loss or si1Fs are reached the avalanche increases in weight gains in momentum and carries with -snecuiation, imitation and staying s,s,srA Id but one end of all this one inevi- Sss,,e and. Something breaks. No ever @raszA how or when, it simply ends in col f~'rssst The year closes under conditions of .1-s,sI,9 9pwcitement as results from frenZied buy
 ing week after week, ending with equally fran
The Montgomery advertiser., 1904-01-01
MARKETS FOR FUTURES
DEcxINE OF 15 TO 32 POINTS AT
 OPnNING.
.xsakar Improvement Jerky But Never theless Decisive and Close Shows Net Gains for
 the Day.

1<x@W YORK. Dec. Si.-The cottsn market urHA4n at a decline of l5@32 points under fErtzfar liquidation and possibly some selling xor &hurt account following cables below ex- uec<*fions; estimates for heavy receipts and moro talk of war in the Far East. Shortly af- {nfNnrd on reports that all January notices had been promptly taken up by the local bull 16Gsz<H the market began to do slightly better
 H6elH5ed by moderate bull support from local A1t4<e1s. The improvement was very jerky. <Mk. generally speaking, prices continued to WnfH upward until January reached l2. 94, H&AHt@ ls.S2. May I3.4e and July I3.47. IF8&zn& was less active on the upturn and the 1skfHeE frequently sagged o6 under room real ExInH fn anticipation of the new year holidays
 1'hA close was very steady at about the best nf fzss session net point lower on Janu- KrY fo l3 points higher. Sales estimated at H09eo bales. Receipts of cotton at the ports fozt9, 4o. 666 bales, against 34.o57 last week ana S7.66i last year. For the week. 25o,- o6n against 30l.5i last week and 254. 256 1aEf gear. Today's receipts at New Orleans MefS 23, ,4O5 bales. against 6.7o7 last year, Mr1 a3 Houston 4.757 bales. against 665i last
The Montgomery advertiser., 1904-01-01
Caldwell, Ward G Co.'S Cotton Letter.
 c. G. Abercrombie, Manager.

IUVer T-rIVate WIre From MIIIer e Col
 NEW YORK, Dec. 3l.-Liverpool this morn ing was very poor and war news very threat ening. in consequence of which New York market opened of some 20 points and sold down round l3 cents for May. After New York opening Liverpool took on some strength and closed from to l2 points lower, New York being steady after the first hour. Dur ing the, afternon speculation has been compara- lively light and towards the close the shorts covered over the holidays until Monday. which put the market up and 1t closed steady at about 25@3o advance from the low price. Pri- vate wire advices from the South indicate that there is a good inquiry for spots, but nothing offering and they are in strong hands and banks are willing to carry the staple. There is feeling in some quarters that the bull campaign Is far from over. while others suggest there will be no aggressive work on the part of the bears until after the census report next week. Interior receipts are over 600. 900 less than last year. which is taken as a very strong bull argument; therefore the census in dicates a crop of less than g. 500, 900.
The Montgomery advertiser., 1904-01-01
Caldwell & Wards Stock Letter.
 c. G. Abercrombie. Manager.

lover Private Wire From Miller & CoI
 NEW YORK, Dec 3i.-The market closed strong with the bull feeling in the advance. although the trading was largely professional. The year has closed and 1t has been very unsatisfactory one for Wall Street. its suffer ings have been largely due to the. necessity of atonement for the two previous years foilies. Three are two distinct ways of looking at the market The bull side is predicated on tho economic workings of the increase in the worlds gold supply. the ', comparatively low level of prices and the great agricultural wealth of the nation. together with the splen. did position we have assumed ass compared with our former relationship towards, the rest of the world. On the bear side we have the severe losses which have been occastUhed by the weakening at certain unlookd- for points in the financial structure and time money for a good part of next year. We shall continue to give you the best information we can get.
 New York Stock Hist,
The Montgomery advertiser., 1904-01-01

Mexican Central first inc. ................ I4h Missouri- Kan. and Tex. 4s .............. 9eN Missouri' Kan. and Tex ceconds........ 7sh Nat. R. R. of Mex. con. 4s.............. Io
 New York Central geenral SIS ............ 99A New Jersey Central general ss .......... 3oN Northern Pactfc 4s io2& Northern PacIflc as ............. 7l
 Norfolk and Western oonsoi 4s.......... ssN Oregon ghort Line As and Partic. ........ o2
 Penn. conv. Jasks ..,....................... s6M Reading General 4s ...................... e7% St. IL and Iron Mount con. 6s..........lt7h st, Louis and san Fran. fg. 4s.......... e4M st. Ioufs southwestern orsts ......... 93
 seaboard Ar Zine 4s ...a................. 70N outhern Pacfoc 4s ...,,................... eS Southern Railway s ..................-..ll4 l4N Texas and Pacific hrsts ................."tIoA union u2lsa0 pseiac se s oon1 sms as sex United States Steel second 6s ........... T
 Wabash Deb B. .......................... e3N Wheeling and Lake Erie 4s .............. 89 Wisconsin Central 4s ..................~... sl
The Montgomery advertiser., 1904-01-01
0aw. Ynrk CofYea and RuRar.

NEW YORK. Dec. 3I.-Cofee-Spot RIO, firm; No. 2 invoice. 3-l6; mild. firm.
 Sugar-Raw. nominal; refined. quiet
 higher on bull support, following bullish prin- ary news and doubts to the authenticity of the crop estimates. Trading was not particu- iarly active. but there was little offerings. Closed steady, lo9l5 points higher. Sales. 56 GOO bags
The Montgomery advertiser., 1904-01-01
New York Dry Goods.

V
 NEW YORK. Dec. 3I.-The day in dry goods was a short one and buyers were conspicuous by their absence. The further stiffening of prices was general and the market has not felt any weakening effect from the decline which has resulted in the raw cotton market.
 New orleans Sugar.
 NEW ORLEANS, Dec. 3I.-SuRar-Stcady; open kettle, 2%@3; open kettle centrifugal. 3M@3 7-I6: centrifugal whites, 3%Q3 1916: yeiiows 3%93 lll6; seconds, 2hqSh.
 Molasses-Quiet: open kettle, 2o429; cen trifugal. dull. 7@2o.
 Syrup-Dull, 2S927
The Montgomery advertiser., 1904-01-01
Local Cotton Market.
] Weekly Cotton statement.

kone of the local market yesterday wa zed, with middling quoted at I2k.
The Montgomery advertiser., 1904-01-01

Treasury Statement. WARRINGTON Dec. aI.-Treasury balances, e227.2sl, ,30o; gold, 8Iie,o56. oo3.
The Montgomery advertiser., 1904-01-01
Ronda.

Total sales for the day, Sss. 900 shares.
The Montgomery advertiser., 1904-01-01
New York Cotton Futures,
New orieans Cotton Futures.

NEW oRLEANs. Doc. Selection futures
The Montgomery advertiser., 1904-01-01

T. the past week....... 7.S8S { previously ..........ll2, l6-
Gloucester County Democrat. (Woodbury, N.J.) 1878-1932, 1904-10-27
OURS rs "A WORLD
POWER"
The United States Has Not Recently
Attained That Distinction.

ours il a world power, and as such
it must be maintained, but deny that
it is at all recently that the United
States has attained that eminence Our
country became a world power over a
century ago. when, having thrown off
foreign domination, the people estab-
lished a free government, the source
Of whose authority sprung, and was
continuously to proceed, from the will
of the people themselves. 1t grew as
a world power as its sturdy citizens,
to whose natural increase were added
immigrants from the old world seeking
to obtain here the liberty and prosper
lily denied them in their own countries,
spread over the face of the land, re-
duced the prairies and forests to cul-
| tivation, built cities, constructed high
ways and railroads, till now nation
which at the formation of the govern
ment numbered only three millions in
population, has become eighty millions,
and from ocean to ocean and the lakes
to the gulf, the country IS the abode
of free and prosperous people, adj
vanced in the highest degree in the
learning and arts of civilization. It
is the liberty, the advancement and
the prosperity Of its citizens, not any
career of conquest. that make the
country a world power. This condition
we owe TO the bounty Of Providence,
I of the country, to the wisdom Of our
fathers, manifested in the form of gov
eminent established by them, to the
energy. industry, moral character and
law-abiding spirit of the people them-
lselves." From Judge Parker's speech
of acceptance.l
Gloucester County Democrat. (Woodbury, N.J.) 1878-1932, 1904-10-27
LEGISLATION DESIRED.
Some OF the Things the Grange Is
Alternating to Do.

Some OF the Things the Grange Is
Attempting to DO.
The legislative committee of the ma
tional grange has outlined certain mat
tiers upon which they deem legislation
is desirable. and the forthcoming ses-
sions of the various state oranges will
doubtless take action along these
lines
Relative to national aid to road
building it says that the policy of the
government in appropriating moneys
for river and hafbor improvements
warrant the extension of the said pol
icy to road building, and they refer to
the bill of Congressman Currier On. HI
as embodying the views of the national
grange in this matter
Relative to the interstate commerce
commission they believe that the said
commission should be given authority
to regulate matters between the trans
portation companies and the people
when unjust charges or discrimina-
lions are made in the transportation
of persons or property in interstate
traffic and that the rulings of this
commission should be maintained I'M
til reversed or annulled by competent
court They refer to the bill of Con-
gresham Cooper (Wis.) as embodying
their views in this matter
Concerning the pure food law, they
believe there is demand for some
sort of legislation that will protect the
people in the use of adulterated or
other foods and ask for the enactment
of Congressman Hepburn's Qa.l BILL
They favor also the establishment
Of a parcels post. They believe there
is an entire absence of valid objections
to the system and that such system
should be Immediately established
Tley also favor the consolidation of
the bureau of forestry with the de-
partment of agriculture
Gloucester County Democrat. (Woodbury, N.J.) 1878-1932, 1904-10-27
A Degree Team.

Harris Hill. Me. has the honor of
having a degree team that is excelsior
in deed as well as in name. This team
is composed solely of ladies. thirty
three in number, whose costumes are
silk and velvet and sparkling with
jewels. There is also an auxiliary of
nineteen young ladies. whose part in
the work is to execute difficult figures
and drills, which they do with remark
able accuracy and precision. We nm
derstand that the cost of the costum-
ing for the team was $500 1t is said
that the exenpIification Of the degree
work by this team is as nearly perfect
as it can he done
Gloucester County Democrat. (Woodbury, N.J.) 1878-1932, 1904-10-27
hERoIsM AND LOVE OF
COUNTRY.

'The Government of the United
States was organized solely for the
people Of the United States. While it
was contemplated that this country
should become a refuge for the OPP
pressed Of every land who might be
fit to discharge the duties of our citi-
zenship, and while we have always
sympathized with the people of every
nation in their struggles for self-gov-
eminent. the government was not
created for a career of political or civil
lizing evangelization in foreign coun-
tries or among alien races. The most
efficient work we can do in uplifting
the people of other countries is by the
presentation Of a happy, prosperous,
f-governing nation as an ideal to be
emulated model to be followed The
general occupation of our citizens in
the arts of peace, or the absence OF
large military ornaments, tends TO
impair neither patriotism nor physical
courage, and for the truth of this I
refer the Young men of to-day to the
history of the Civil War For fifty
years, with the exception of the war
with Mexico. this country had been at
peace, with standing army most Of
the time Of less than ten thousand
men. He who thinks that the nation
had grown effeminate during that pc
rioG should read the casualty rolls of
the armies on either side at Shiloh,
Antietam, Fredericksburg and Gettys-
burg. at Stone River and Chickamauga.
would be the last man to pluck a
single laurel from the crown Of any
one of the military heroes to whom
this country owes SO much. but insist
that their most heroic deeds proceeded
infinitely more from devotion to the
country than from martial spirit.
TF'rom Judge Parker's speech Of ac-
ceptance.1