davidaulloa/AmericanStories huggingface dataset:
The San Francisco call., 1904-06-04
Nezy York Stock Market.

NEW YORK. June 3.-DurinE the first
hour of to-days market a few large buylng
lifting them To a higher level and causing the
general market 70 harden IN sympathy The
movement was not pursued and the Market
fell int tnts1Ee dulluess. with no evidence
cf A disposition either 70 buy or sell The
ur5erroce vas kept firm by this absence ot
seILIuE pressure bur the market was 5 near
zrzErarr as AZ anv tina since the pressur neg
. -ecr set IL The recovery IN prices was not
accounted Tor bv ANYTHING in the days news
Excessive rains II the grain regions were
counted against the prospects cf the crops, and
some rather sensational reports circulated IN
ro1e II The cotton market gave rise 70 some
rarner disturbing rur1crS OF money troubles
ksrs but the eject was ignored on the stock
Exchange- Al unofficial estimate OF the acre
age ot the Present crop and the June 1 condi-
tlcn received more attention IN the stock mar
ker than did the movements In the cotton
market itself. The estimates Of the week 5
currency movement indicate a continuance Of
the doW 90 this center New York gain seems
20 Be less than last week and New York sX-
Grange Al Chicago Is rising slightly With
promise OF Al Increase in cash Of over
s. 9tt,0eo % be shown by t0-morrDWs hank
statement The statement q the June money
decrease q but S25 s65 2Is for Nay. II spite
ot the heavy ou-so Of gold The months de-
crease e more than accounted for hy the de-
cl-1e n gold Bur. compared with year ago,
TIE amount q money n circulation has In
creased slZT, los, 0s2 Of which $50 2S1 97s was
II gold coin and certificates The indifference
% the present outflow of gold unprecedented
as z Is involved. for the period covered Is thus
Understood
Permission given to-day for the tele-
graphic transfer to New York cE s. $50 0G0 n
Japznese yen % arrive in san Francisco next
week Tie report OF ret earnings for April OF
the Llion Pacific and the Southern Pacific
were decidedly more favorable than has been
TIE rule for that month The stocks Of these
rlacs were even more dull and Indifferent than
the average or the list A rau II the price OF
copper vas without eject IN stocks Frzc-
r1D1l advances II the coaIsrs ard II United
states steel preferred made the closing firm
with urices vel maintained
Bonds were Irregular Total sales Cpar valuel
8 1os.ooo- United States new As advanced \
per cert cu call
The San Francisco call., 1904-06-04
Poultry and Come.

Receipts OF domestic Poultry were ncderats.
but consisted chiefly OF undesirable stock such
Old sCraggy Boosters and small Old Hsu8-
Large ycung fowls sold OF well enough at
steady prices, while small and old stock
dragged. Old Hens were the weakest dsscrip-
tlcE and were quoted lower Hare and Rabbits
were unchanged
POULTRT-LIvs Turkeys. I5G1Sc Per 10:
Geese Der pair, 81 50Gf Is. GOsilngz- 81 $50
2: Ducks. $4G5 Der dozen for old and
S5G6 for young. Hens s6G7 for large and
S4 5GN5 for snail. young BOOSTERS. s. 5Cf8.
cid Roosters 81 5od5. Fryers. s. jG16 50,
Brollers SsH4 for large and s2G2 50 for
snail. Pigeons 81 25G1 so per dozen for cd
and 81 5GG2 for Squads
GANE-Hare 81 50 per dozen Rabbits. s. %
a Tor CotrontaIIs and 81 per dozen Tor brush
The San Francisco call., 1904-06-04
SUMMARY OF THE MARKETS.

~ aL-street Stocks frser the day.
Local MiHiHg Stocks break ddenIy Others unchanged.
% ight 5'ari1tlols IN SaveT and Exchange
Fh1 and Barley continue qie and 1osrt marked feature.
Oats inactFve Corn arr'iHg freely from the West
Hay Bran and Middings abort before quoted.
Beans still duI at pre5iosS quotGti0nS
Butter, Cheese and Eggs plentiful The latter firm
10 change N Dried Fvrets Mats RGisins.
Provisions stiI 1reak and sluggish IN all markets
Wool r7o1iHg 1UeA Hides steady and Hops qnet
lfntt0H drops the lozuest point ~ Ten yeqys
Lamb and zeal E0zrT and Beef and Pork 1Uedk.
Nezv Potatoes higher and Old dull ard 1ue1k.
Onions ard Vegetables in good supply and steady
N0t much change IN P0altyy and Come.
Ckerries GctiUe HsoveBleHt bit Io0rsr.
AGVeI Or1nges cleaning up better at firm prices.
The San Francisco call., 1904-06-04
Butter, Cheese and Eggs.

All three markets under this head are
apathetic and teacureiess az the moment There
Is plenty OF Butter here and Cheese is still a
drug while me Eggs firm az The advance
noted yesterday All quotations remain about
before
Receipts we're los, 500 lbs Butter 1923 cases
Eggs ard So 200 lbs Cheese
BUTTER-Creamery az first hands. 1914 719c
for extras and ITla 1Sc for frstss dairy 169
II he: store Butter. 13G15c; cold storage. NOM
fnaL
CHEESE-sGS1Sc for good % chOice new
and 5Gfc for lower grads. Young Americas.
9GS17cs Eastern. 12l2 gle Western. uG12c
per ID.
EGGS@Ranch- IsGZ0e for fair 70 choice:
store. 1691Scs Eastern. 1614G1sc
The San Francisco call., 1904-06-04
Provisions.

Dull and unchanged at previous quotations.
with dealers complaining OF the marked falling
on in business.
CURED MEAT@Bacon stSc per ID for
heavy 1Oc for light medium. 12c for light
f3Isc fer extra light and 15Gf6c FOR sugar
cured. Eastern sugar cured Har1z 13c. Call
forusa Hams 12U12i1c. Mess Besl. 500
10 SO Der Dbl: extra Mess. Sl1u1 80. Family.
SraRIs SO: prime Mess Pork. S14s extra clear.
500 Ness Sf7 so. Dry Saited Pork 9Lc. Pig
Pork s26: Pigs Feet 50; Smoked Bess 14c
IARD-Tferces quoted az SIC per ID for
Compound and size for pure half barrels pure
a-Ac
COTTOLENE-Oue half barrel ssc. three
hair barrels sAc: one usree. Slscs TWO tierces.
Sc. ave tiercss. T5sc per 10
The San Francisco call., 1904-06-04
Livestock Market.

CHICAGO.
CHICAGO June 1.-CATTLE-Receipts 1000
Steady Coed 70 prime steers. IS 5Od6 20; poor
to medium. 81 50G5 -; stockers and feeders.
"a q5T4 Is. cows 81 1904 so. heifers 81 5O75.
Gamers 81 1892 20; bulls. 50 5eG4 so. calves
81 5OG5 so
HOGS-Recelpts: To-day. 20 COO: to- morrow
Il 600 Steady Sc higher. Mixed and butch
ers 81 eS654 ~ 4 good 20 choice heavy 81 759
4 So rough heavy 81 55G4 T5 light s4 $50
70: bulk OF sales. ~ e0u4 20
sHEEP-Recsipts, 4ooo- Sheep and lambs
sfeadv Good to choice wethers S5d5 so; fair
to rloice mixed SO 1906; Western sheep 81 25
as so: native lambs. 81 5096 30; western
lambs, IS 50G6 e5-
The San Francisco call., 1904-06-04
Hoy and Feedstnfs. S.

Another car OF new Hay came in It was
Volunteer Wild Oat. mixed with Clover and
wss quoted at 81 so Per ton Other grades
was easy.
Feedst1ns remain as before quoted
BRAN $21 az per t1n.
MIDDLINGS-S2 5oG29 so per ton
SHORT-s2Il92 per ton
FEEDSTJ FFS-Rolled Barley. s23G23 50
per ton: Oflcaze Meal at the mill SO 50G3I
jobbIng So. Cocoanut Cake. S22H23. Corn
Meal S32G33: Cracked Corn. So 506ss3 so.
Mixed Feed S2aE23 Horse Beans $30G 40 per
ton. Broom Corn Feed. 90c per ctI-
HAT-Vheat. $I0G15: Wheat and Oat. SIG
The San Francisco call., 1904-06-04
Beans and Seeds.

Bean handlers report a very dull market
WITH 10 changes II prices
BEANS-Ba yos 81 15G2 50- Pea s. sGTS
White 81 25G2 55: Pink IS 45d3 co: Red
81 Is. Lima So 25d3 80. Red kidneys S4 750
5: Blacksye. 81 9Gq2 Is Der crl. Horse Beans.
s2G2 90.
SEED@Browu Mustard, 81 2564 80. Yellow
Mustard SJeS 25. FAX, s. sCGl So Canary.
5IsG5Ac Tor Eastern. Alfalfa. IA aG16c; Rape
I3. u2c. Timothy. e461zcs Hemp. 3t.G4c per
ID MilIet. 3G31zcs Broom Cor1 seed <20521
per ton
DRIED PEAsBlackeye. s. Der ctI: Niles.
50 IS: Green Peas. S3G3 Is
The San Francisco call., 1904-06-04
Flour and MIDStrifs.

FLOCR-caIifornia Family Extras, 81 500
90. usual terms. Bakers Extras. 81 50G4 SO.
per Dbl
MILLSTUFFS-Prices in packages are as
follows: Graham Flour. So 50 per 10O lbs.
Rye Fiour So so: Rye Neal 81 IS. Rice FIeur,
81 Germ Meal 50 so: extra cream Do. 81 25.
o%t Graass. % s67 ON sgt v s1s5 Is
Farfna 81 so. Whole Wheat Flour So 70:
Relied Oats. bhls, s. 25GS 60; IN sacks SIS T53
8 10: Pearl Barley S6, Split Peas boxes. 81.
Green Peas. IS 50 per leo lbs.
The San Francisco call., 1904-06-04
STOCK MARKET.
Mining Stocks Suddenly Decline,
Led by O5bir.

The feature YESTERDAY was the sudden break
IN mining stocks. ewing 70 The falling on N
the value 0f the ere now coming out Cf the
mine Ophir led the break and sold down %
81 IS. closing at 81 20. against s5 15 On Thurs
day. Trading IN orter classes 0e stocks was
quiet and devoid OF feature
Al assessment q s. per share vas delin-
quent yesterday the capital stock OF ths
GoeWey Estate Company
TIE Ouhir Mining Company had stvtces
yesterday o. the shipment Of Two more rallrcad
carloads of ore. making twenty-five carloads
now en route
The San Francisco call., 1904-06-04

cent
Tine Ioans-EaEy and dull. sixty and ninety
days 2G2Ia per cent six months, Z13goT7 Per
cent
Prime mercantile paper-3A ga Der cent
Sterling exchange-F1ru. with acr1Al Dusi-
r-s75 I'D al s. s7s56,4 sz5O for sfxry-dzy bills
Posted rare-S4 s51 a. S.
Commercial blIls-Sa - = "a So
Ear sflVer-55lsc-
Mexican doIlsrs-44l-c-
Bonds-Governmenrs. frner5 railroads, il
regular
The San Francisco call., 1904-06-04
Hides, TGH01r. Wool and Hops.

Everything remains about the same Wool
II raovfn, OF well. Hops quiet with stocks
greatly reduced and crop prospects exreIIe1r
and Hides fairly active as 20 saIted and quiet
HIDES AND sETNs-Cuns and brands sell
about iSG1c under quotations. Heavy Sa3red
Steers 9lsc: medium SIC: light Sc Cow
Hides SC for heavy and Sc for light Scaxs
Sc. Salted Kip &c: Saltsd Veal. Toe. SaIted
Calf. 1Ics dry Hides 1oc: dry KIP. I3c: dry
The San Francisco call., 1904-06-04
Family Retail Market

The markets are literally supplied with
Fruits and Vegetables and prices OF both show
considerable revision Watermelons and Can
tzloupes have appeared and they are added 70
the list OF Fruits
Mutton Lamb and Veal are cheaper this
week and prices or other Meats have down
ward tendency Fish. Poultry and Game are
unchanged
Butter, Cheese and Eggs are plentiful and
prices stand exactly the same quoted last
week
The San Francisco call., 1904-06-04
The leading futures ranged as follows:
Articles Omen High Low CT
Cash Cram and Provisions.

CHICAGO. June s.-Cash quotations we're
as follows: Flour quiet and steady No
spring wheat 94dSTc: No. 3, S57f96c: No
red 81 64HI o.. No corn 50lf 65G1Sc; No
2 yellow, 51l4 d5f 1ac; No. oats. 4IA 942c: No
8 white 42d+4I4c: good feeding barley $50
I2c. fair 70 choice mailing. 45d56c; No I
hzxseed 81: No. L Northwestern 81 O61s
mess pork per barrel $11 65GII 20; lard ger
100 pounds. Ss 40a56 f2l; short ribs sides
floose) 81 506s -. short clear sides (hoxed)
IS 5Odss T5. whisky basis Of high wines 81 2s;
clover contract grade, SO -.
The San Francisco call., 1904-06-04

Hope and Natal Sheepskins was held here TO-
day. The offerings numbered I23. 2l9. The
condition OF the skins was unsatisfactory and
competition irregular Western province
extra long voolet skins in heavy condition we're
generally I'D lower. although some clean
stock sold At unchanged rates Long
wooled short wooled and lambs were steady
at full rates Shorl skins were Id lower.
East London and AIgUa Bay skins were IN
changed. Coarse wooded showed a decline OF
The San Francisco call., 1904-06-04
Northern Business.

SEATTLE. June s.-Clearings. s7As.s4s:
balances. s8s. Is2
TAcoMA, June s-c1saringz. $s464o1; /;
balances S4I, T49.
PORTLAND. June s.-CIearings. sssT. .s7s:
balances SsAGI
SPOKANE June 3-CTearinEs S4Os 10
balances. S4S, I66.
The San Francisco call., 1904-06-04
Totals. Canada. :. $50. 7ss. .o55

'Not included IN totals because containing
other items than cIearfngs.
Not included in totals because OF no COM
parison for last year.
The San Francisco call., 1904-06-04
Cash tn the Treasury.

WASHINGTON, June 3.-To-days statement
Of the Treasury balances shows. Available
cash balance, S1S3, ,122 6T1; gold. $40. .3ss. 1872
The San Francisco call., 1904-06-04

WEATHER AE-D CROP CONDITIONS.
Earf1r1-Eariy anricOts beng picked ard
Erird. grain prospects good
Elrersid Hay ard grain making short crop.
Nara-El lgh r1rth wind. bad Tor hayuakinE
Narce1-Ec damage BY tiEE wind
Collza-Earley ripening- heavy wiud causing
slight loss
NeVrasrl r-Iir riDerirE slowly
Eaier-C-Esar-lerr PEAR crop promising well
San ICse-Eay crop very good. fruit ripering
very fast
Lfvernrcre-F ruiz crop VIII b. generally roor
Errr1rfcr-SIiEEr ca-aEe 70 acricotE By
srrorr usst Wfud-
Esoiils-er-Winrer apples Light crop. al SUN
r-er auUleE rfcluE1.
Cforerlzle- le-Ltgrt crop q cherries. grapes IN
rrafusf-n ~ bl0cu-
sara RCsa-EtrorE drying north wind
A. O. McADIE. Section Director.
The San Francisco call., 1904-06-04

TEA-EER CONDITIONS AND GENERAL
FORECAST
TIE uress-re crrrluEeE lCT over Ecu-herr
Callf1rula and high over WsshirErou and
oregon.
E-El ECr-ler-I HlrCs rreFaA n me interior
GO Cal-f-rria- WIKI Afternoon reEpera rures
ranging from So 10 - degrees Cooler weather
relC--s sl Los Angeles
a tE--fersr1ru hss occurred AZ Salt Lake
Tie following high winds are reported.
Southeast Farallon 4s northwest Eureka -
north EeE Bur p norrhs szcraDerto 30
rc--r west and z Paso. - Wesr
Forecast made CT Sau francisco for thirty
h1lrs =lli1< r'idn ghr June :
Northern Calf1-l-a-Eatr Saturday. con-
-.lle6 warn weather brisk norrh wfuds.
Scu-he-u Callforu la-Fair Sarurcay con
rlnUer warn weather Light easre-Iy winds,
crs1rt-E 20 1Cr-herlF-
Eera-a-EaLr ear-r1zT- EarUer
Ezr F-arcisr0 and vicinity Pair Saturi
c1r-ir-e- UEr- weather, light north winds,
changing tc fresh w---erlE-
A. o McAnIE District Fors-1ste-.
FTIHt and Wheat Bulletin.
The San Francisco call., 1904-06-04
Bank CIeariHgs.

NEW YORK June 3.-Tha following tahra
compiled BY Bradstreet, shows the bank clear
lngs az the principal cities for the week sn5es
June 2 with the Percentage of increase ana
decrease as compared with the corresponslrr ?
week Last year.
The San Francisco call., 1904-06-04

IS so: Oat S9G12. Wild Oat STg1O. Bar
ley aue Oar- sT@11. stock. s7dS. Alfalfa. SO
10 per ton
STRAw-eCGs0c per bale-s
The San Francisco call., 1904-06-04
London Closing Stocks.

Ear siIvsr-seeady 254sd Per ounce
A0ney-2G21z per cent
The rate Of discount IN rhs o-av ---s-1,. -
snort bills is I-I6G2r per cent and for thrse
months bills I-I6652L per cenr -
The San Francisco call., 1904-06-04
Nerv York Cotton Marker.

NEW YORK. June 3.-Ths cotton market
closed steady with the old crop net 26I7
points higher and the new crop months IN
changed to points lower.
The San Francisco call., 1904-06-04
WeGtbsy Report.

E10rh 1-eriztau-Pzci6c Tine)
SAY FRANCISCO Jure 5p u
T-e ccll1ElrE uzE1u-r- and r-irir---- ten
rerar ru-es fer preceding day are reported frc-
Eastern -i-es-
Boston ----.-.... SIS NzU C-lea-E 90 a
C.-rir-arl $1,000. -s0-64 Phila5elrhts .--- Co "a
TacEsorvf-Is 5000 eo-T2 VVszh1nEron - g. so
The San Francisco call., 1904-06-04
Butter, Cheese and Eggs.

change to-day the Butter market was firm:
c-iesr1eries I3IsG1Ttac; dairy. 12616c Eggs
nrner. 15Gl5Ae- Cheese, easier, ~ G9c.
The San Francisco call., 1904-06-04
FHNANCLAL

Total sales. ....--- 12s 500
UNITED RAILROADS OF SAN FRANCISCO.
Sew YORK June 3-No bond transactions
AMERICAN CAN COMPANY.
common, bid L. asked AZ preferred, bid &c.
The San Francisco call., 1904-06-04
EASTERN MARKETS.

Nezv York Money Market.
NEW YORK. June 5.-cIose. Money On eau
The San Francisco call., 1904-06-04
Sale of Sheepskius.

LONDON. June IA sale OF Cape Of Good
The San Francisco call., 1904-06-04

Continued on Page FOurteen.
The San Francisco call., 1904-06-04

7
Butter. choice 50. 40d145i Cheese. swiss ---2SG35
Do good --.---Q35i Eggs. per doz--- -2ud525
Do packed Ib22 y s425 Honey, comb. II. .I5412U
Cheese. Cal ----1O9I5l Do extracted S67I0
Cheese Eastern. 2G125i
The San Francisco call., 1904-06-04
Miscellaneous Markets.
Foreign Futures.

LIVERPOOL
The San Francisco call., 1904-06-04

Frlat and Wheat Bulletin.
The Savannah morning news., 1904-06-11
JULY OPTIONS SHnWED
UNUSUAL STRENGTH.

New York. June lO.-The cotton mar
ket oHeaed weak at a decline of All
points under liquidation by some OF
yes;erday's buyers who were discour-
aged by the lower cables and a rather
more favorable weather map than ex-
pec;ed. July. which had shown con-
sidera bic frmness on the previous day,
was particularly weak, and soon after
the opening declined to 11.4Oc under
selling by commission houses, this be-
ing a net decline of % points. while
the new crop sold to net loss of 100
Il points.
But around the lower figures a very
good demand developed, which gradu-
ally rallied prices. 1t is reported that
some exporting was to be made from
the New York stock, including 1900
bales TO go out to-day, and this drew
attention to the small contract sup
plies at this center, while the fore
cast called for continued rains in the
cotton territory and promoted cover
ing for over Sunday.
At any rate, prices, after the open
ing break, worked quite steadily up
ward and, catching stop orders in the
early afternoon, caused a rapid ad-
vance, which carried July to 11.97c, or
81 points up from the lowest of the
session and a net gain of "a points,
while October and December sold up
to $3.50 and $500, respectively, net
gains of from 10 to 20 points. Trading
was feverishly active on the advance,
but demands seemed to be pretty well
filled up at the gains mentioned, and
in the last half hour prices showed
a declining tendency under profit-tak-
ing by room longs.
The market was finally steady at a
net gain of 11622 points, with July
leading the advance. Sales were esti-
mated at 100000. The buying was in
part of a very good character coming
from spot houses and various trade
interest, while brokers who have re-
Gently been operating for the Wall
street interest were free and open buy
ers of July and August. Aside from
the unsettled condition in the South
west the weather was favorable, and
private crop accounts are excellent.
The Savannah morning news., 1904-06-11
Futures, opened weak: closed, steady
NEW ORLEANS COTTON MARKET.

New Orleans, June 10.-Cotton futures
steady. June, 1890 bid; July, 10000
12.11; August, 11.40911.41c; September,
10.14Q10.15c; October, 9.7S@974c; No
vember, 9.6569.67c; December, $3.50
9.66c; January, 9.73@9.75c.
In the spot cotton market there was
an active demand, but with scant Of
ferings. Sales, 3,100 bales, including 500
(. o. b. Quotations revised Middhng
and higher grades advanced 3-16c and
lower grades hc.
Futures opened steady, with prices
2Q12 points lower The cotton sold
short yesterday was liquidated to-day
and had the effect of holding the de-
cline within moderate bounds as the
covering commenced on the opening.
For short time after the opening the
market was fairly active, and bears
were aggressive. The bulls offered no
support New York was a buyer of
July in this market, and that option,
after losing 10 points from yester-
days close at 11.51c, was advanced to
1214c, but later eased off to 12.09c.
The market closed firm, Net gains were
June and July 80 points each, August
20 and the new crop positions, 12Q15
points.
The Savannah morning news., 1904-06-11
Receints Past Week Nina NJ
DAILY COTTON MARKET.

Galveston-Steady; middling, 1919;
net receipts, SAC; gross, 546; stock, H.
So.
Norfolk-Net receipts, 80; gross, 80;
stock. 3,400.
Nominal: middling, 11.75.
net receipts, Sc; gross. sc; stock. Ss4
Exports-Continent, 500.
Boston-Quiet; middling, 1i.90; net re-
ceipts, 70; gross, 60.
Wilmington-No Nominal; net receipts
/; gross. l. stock. 1922. Exports-Coast-
wise, l.
hiladelphia-steady; middling, 1910;
stock, 1917.
Savannah-Steady: middling, 11la
net receipts, 1914; gross, 1884, sales, LIT;
stock, 29,s40. Exports-Coastwise, 2.341
New Orleans-Firm; middling, II;
net receipts. 1907; gross, 1907; sales, g.
100; stock, 1851. Exports-Coastwise
200; continent, LOO.
Mobile-Nominal; Tniddlng. 1913; net
receipts, l. gross, l; stock, 1897.
"Memphis-Steady; middling, 11%;
net receipts. SO: gross, ga; sales, 1850;
stock 22.3I3.
+Augusta--Steady; middling, II s-16;
net receipts. IS; gross. IS; sales. 4loi
Charleston-Nomina stock. 1929.
+Cincinnati-Net receipts, III: gross
III; stock, 1928.
sL,ounsville-Firm middling, IFS
net receipts. 2; gross. 2; stock, POS,
"St. Louis-Steady; middling, IFS
net receipts, II: gross. 5S5; stock, 12.022
"Houston-Steady; middhng. ia me-
receipts, 166; gross. 1866 stock, 1928.
New York-Steady; middling, 1915
gross receipts. 232; sales, 1893. stock
62,679 Exports-Great Britain. 1000
continent, 900.
Newport News-Net receipts, 179
gross. 179. Exports-Coastwise, 435.
Wilmington-Add 6S bales to net thi!
week and to last net since Sept 1.
Total To-day, at All Seaports-Ne
receipts. 2.S59; exports, Great Britain
1901; continent, $500; stock. 250.S42
Consolidated, at All Seaports-Ne
receipts 1892; exports. Great Britain
1854; France, 401; continent, Sits
Mexico, 1.007.
Total Since Sept. 1. at All Seaports-
Net receipts, 7,41S. $780, exports. Grea
Britain, 1855, 5S5; France $50, 45S; CONT
nent. 2492,2lS; Japan, n.9S6; Mexico
26.67S.
mot included in totals.
The Savannah morning news., 1904-06-11
WARE q LELAND
Believe 1t wisdom to Play the Long
End.

New York, June 10.-Throughout the
week the cotton market has furnished
evidences of its sold out condition. Not
withstanding the general favorable ten.
or of the crop reports. and the favor
ing weather conditions, prices have re-
fused to go lower and at times there
have been rather violent advances
When the cotton market gets thor
oughly long it needs no change in sur
roundings to warn conservative traders
that break is likely at any time
should holders attempt to take profits
In the same way market short to
an extensive degree is quite apt to re-
act If even few shorts attempt to
convert paper into real profits. If il
were true that prices would continue
TO decline just as long as conditions
surrounding the growth of the new crop
were favorable. why. Il would not be
long before the Southerner would have
TO pay people to take cotton off his
hands instead of cotton being worth
something. In other words, cotton has
a value and the market appears TO
have reached the point where II is the
policy OF wisdom to play the long
rather than the short side. The gov
eminent report was better than ex-
The Savannah morning news., 1904-06-11
j. II. PARKER & CO.'S
Daily Cotton Letter to Hayward,
Wick & Co.


New York, June 10-Liverpool ca
bles fully responded to our advance
of yesterday, but our opening was
disappointing. and prices declined
about 10 points in the forenoon, trad
ing being very light and professional.
There is no evidence of increased
outside buying, but sales are not made
with the same confidence under 9%c
that they were when prices were above
10 cents. Some large dealers in spot
cotton were thought to be good buy
ers of October and December in the
early afternoon. 1t looked again to-
day as If professional traders who had
recently closed out were using every
effort to engineer an advance in the
new crop position for the purpose of
putting out new short sales, and they
were partially successful this after
noon, as prices rushed up to the high
est point of the week.
The weather crop news was almost
entirely of a favorable tenor and aside
from the boil weevil in Texas, the crop
is doing about as well as could be ex-
pected The old crop options have
shown more strength than the later
options, the talk is revived of manipu-
lation for higher prices. We how
ever. do not think the interest in these
options is large, and 1t is late to I'M
dertake squeeze or corner, and we
believe their future course will depend
largely upon whether the spot demand
improves.
We think 1t safer to trade in the
later options. and while further reac-
ton may take place, we believe fur
Their declines will take place as long
as weather reports continue favorable.
The Savannah morning news., 1904-06-11
The War in n Nutshell.

The way to keep in touch with the
great events in the Far East is to get
the new and latest War Atlas just is
sued and offered by the Morning News.
THE Rand Mentally & Co.'s Russo
Japanese War Atlas" showing Russia
in-Europe and Russia-in-Asia, japan
Korea, Manchuria and China. and the
entire operations in the Far Eastern
conflict. II contains seven double
page maps in colors. with index and
ouick-finding scale for each map; a
list of all the chief cities, with popula-
ton: lighting strength and reserves of
Russia and japan. Sent by mail any
where on receipts of 20 cents.
The Daily and Sunday Morning
News / year and the War Att
las .......s.. ..s............... IS. 90
The Weekly News year and War
Atlas ........ .....s.............. i. 90
Savannah Morning News. Savannah,
Ga.-ad.