davidaulloa/AmericanStories huggingface dataset:
The Montgomery advertiser., 1904-02-18

stocks. according to Bradstreet's visible sup ply figures. show decrease of 763 900 in- stead of an increase of 2l7,o0o as announced yesterday, which also was a factor in the strength. report from Baltimore stated that foreigners were taking all offerings while New York also claimed big shipping demand. May rose under these conditions to e9c and July to Se. The close was at almost the top. with May at 97M and July at 6S%. Clearances equaled 47 800 bushels. Primary Minneapolis. Duluth and Chicago reported 2ee cars. against PAS last week, and 276 a year ago.
 Corn very nervous There was heavy holders and with only moderate demand prices suffered a setback After opening un- changed to hc lower at 54N to 54M. May be- clined to 54h. There was active covering by shorts and commission houses bought liber- ally Offerings became extremely light, and before any large quantity came out, May ad- vanced to 56. Trading was active the re- mainder of the session. Although some reces- slons from the high point made. the close was strong with May Mc higher at 55M and July Sc higher at 53K Receipts PAY cars.
 The same influences that governed other grains affected oats. Leading bull houses sold early and caused considerable weakness The close was strong. May opened # to ssc lower. at 43 to 43Ac, declined to 42h and rallied to A. closing &9Mc higher at 43Mm ASA. July closed up ssc asa3s%c Receipts 138 cars
 Provisions were strong the entire day A ST aller run of hogs than expected counted for the advance. Buying for investment account due to the war scare caused further advances later. The close was strong with May pork 2z1Ac higher at Sl4 4.97h; May lard up 21km
 Estimated receipts tomorrow: Wheat o5: corn, 22o; oats, 70. Hogs, 36 GOO head
The Montgomery advertiser., 1904-02-18
virgin & Faunce's Cotton Letter.

~@~@CSA
 NEW YORK, Feb l7.-There was consid- erable excitement in the cotton future market early to-day. The first prices. were at an ad- vance of 3l to 46. and this advance in view of the late weakness yesterday, came as a surprise to many. The Liverpool cables were stronger than expected. and the domestic in- huences were less favorable to the bears. Lighter receipts were indicated, and the de- mand for actual cotton in the South was re- ported to be on the increase The bears still made the point, however, that the demand for spot cotton is good only because of reduction in prices, in that many interests were unable to- buy cotton so long as prices were held so high. The reports in many instances were reported to be working to secure profits, while on the other hand, 1t was stated that the erstwhiie bull forces were again working for a feeling in the market. The fluctuations dur ing the day were quite irregular and many observers gave vent to a series of uncertain expressions regarding the probable future course of prices. The private telegrams from the South were without especially new fea- ture, although they indicated that the supply of cotton in many quarters is being well clean ed up. There was still a sort of holiday in New Orleans. but the markets in the South showed the effects of shorts covering. The statistics generally met expectations, and the indications pointed to moderate receipts dur ing the balance of the week. The estimated port receipts for the day were il,ooo against 33, 55I for the same day last year.
The Montgomery advertiser., 1904-02-18
WALL STREET REVIEW SELLING TAKES THE PLACE OF
 BUYING. Extreme Dullness and Complaint of Commission Men Show That Business is in Hands of
 Professionals.

NEW YORK; Feb. l7.-The frequenters of the Stock Exchange changed their position in the market to-day and sold stocks in contrast to the buying of yesterday. Or rather the party which bought yesterday had not cour- age to continue their operations while their opponents. who had sold at the advance yes- terday a proht in offering down prices and proceeded accordingly. They had rather more success in maintaining the declines to the end of to-day than did the bulls yester- day in holding the advances. The extreme dullness of the market and the poignant com plaints of aN commission houses of lack of sufficient business to pay office expenses war rant the assumption that operations are ex- cluslvely in professional hands, While va rious news items of the day offered to ex- plain the varying movements Of prices. 1t Is clear that the movement represent the ideas of professional traders as to the change in val ues resulting from occurrences rather than act ual transactions In liquidation or investment
 In to-day's market the influence which re- ceiv4d most attention and discussion was the rate war on export grain rates. especially that phase of 1t that concerns the Lake traffic from Buffalo. As the dispute is wholly in regard to the making of contracts on business yet to come the acrimony displayed is the more re- n1arkable. Fears of a coming depression in railroad traffic and in general business are thus inspired The frmness with which the opposing contentious are maintained on the comparatively unimportant matter of the diff erential on expert grain rates from Buffalo to Philadelphia and Baltimore as against New York. cause heed tc be paid to threats that retaliation and reprtsal may carry the war to freight of other classification and to other destinations So much has been done of late years to neutralizs the control of the old rate disturbers in trunk line territory that the involvement of the two principal lines gives @ decided chill to speculative sentiment Some effect on stocks was also produced by the whispers sent around that the heavy drop in cotton and consequent speculative losses were going to result in financial troubles. These rumors were without verihcation. The diff hculties of some of the insurance companies involved in the Baltimore fire awakened at tention to the possible aftermath of that ca lamity. Germany contributed a story that the Russian government was taking a stin atti- tude towards the British government regard ing the expedition into Thibet and foreign stock markets seemed to be moved 'Dy news of an Albanian revolt. Whatever share these various incidents may have had in the day's decline 1t obvious that many operators were prompted mainly by the consideration that yesterdays attempt to lift prices had proved abortive so that a movement down. wards was most available
 The bond market was very dull and heavy
 Total sales par value. Si ,24o, 0o0 United States bonds were unchanged on call.
The Montgomery advertiser., 1904-02-18
Caldwell, Ward & Co.'S Cotton Letter.

MONTGOMERY, Feb. I7.-The cotton mar ket to-day has been riddle. In sympathy with Liverpool New York opened up 35 to 45 points, but heavy selling pressure at the ad- vance gradually forced prices down until July showed decline equal to Its full gain of 45 points. About noon the market was quite weak. influenced, 1t Is said, by threatened troubles between Turkey and Bulgaria. follow ed by reports of a decline In French rentes. indicating unfavorable political developments. The interior movement for to-day was with in 400 bales of what 1t was last year. All this is favorable to the bearish faction which has been in control the past two weeks. but the estimates for to-morrow and for the week came out small and encouraged some buying and the market during the last hour was we'll supported by the bull leader so that New York closed at the highest prices for the day. Sentiment is largely bullish, but those who generally act are waiting for further devel- opments in the Southern spot situation. The statistical position is bullish. The market closed strong tonight. Liverpool is due to come 8 points up Thursday
 STOCKS.
 The business in the market to-day dwin- dled to such proportions to-day as to rob fiuc- tuations of all significance. The tone of spec ulation was heavy throughout and lower lev el of prices was established But, the professional element held control. the changes had little importance. One of the features commented upon was the absence of all se- rious selling pressure. Although the bull par ty appeared to have temporarily, at 't. sus- pended aggressive operations. nothing m the nature of liquidation was apparent. Foreign markets were unsatisfactory, and there ap- peared to be growing apprehension abroad as to the development and grave complications in connection with the war in the Far East More prominence was also assumed by the unset tied questions in the Balkan peninsula The real motive probably of the selling to-day was disappointment at inability and indispo- sitlon of the bull faction to press the cam paign, winch 1t was generally reported was to be begun this week. In the late trading short covering helped to bring about small raI- lies and the market closed steady. Total sales 3o9. 300 shares.
The Montgomery advertiser., 1904-02-18
MARKETS FOR FUTURES BEAR PRESSURE DURING MOST
 OF THE DAY. Toward the Close Prices. Were Rallied Sharply by Buying of the
 Bull Leader-C Close at

NEW YORK, Feb. l7.-The cotton market opened strong at,,a net advance of 3f446 points and fora time showed further firm ness with the, active months selling up to a net gain of from 40 to 4s points on bull support. the moro stronger cables than expect Cd, light estimates for the days receipts and continued bullish sadvices as to the attitude of spot holderss The local bull leader was a prominent buyer of July. on the advance and there was active covering. but around mid day rurisors were circulated of an tnsettling- nature in reference to the European war sit- uation, and with New Orleans heavy sellers room shorts became encouraged and prices were worked down ward to a level about soc 3s points und6r the best figures of the morn ing. Then there was a rally of several points receipts of the small estimates for to-mor- Fow.s .receipts at New Orleans and Galveston, which led to readjustment of estimates for the week into sight which is now being plac- ed at teo.ooo bales against about l9i 900 bales last year. In spite of this. however, and zn spite of continued bull support the public did not seem to take hold and shortly after midday there was renewal of bear pressure that broke the market through the low point previously reached and within a point or SO of yesterdays closing figures. This was follow nd by regular and less wide fluctuations with sentiment evidently nervous and trading for the most part representing nothing more than the efforts of the professional scalping contin- gent to secure fractional profits until just be- fore the close, when the market became very active and excited. The local bull leader be- gan bidding very aggressively, taking large blocks particularly of May and the entire list rallied sharply with shorts evidently badly de- moralixed. In the last few minutes the mar ket was rallied to the highest point of the day and closed at practically the best, firm at a net advance of l0@S2 points. Exports were moderately full and there were reports Df large spot business in the South that helped in the late advance.
 Receipts at all ports to-day II .496 bales, against 22.623, last week, and 23,55l last year. For the week 10000 bales, against i27,772 last week and I525 last year. To- days receipts at New Orleans were 3,S50 against 1,95l last year and at Houston 5,44S against T. 50 last year.
The Montgomery advertiser., 1904-02-18

the pessimism of traders. and during the dulged in and the popular thing now is to
 sell. just as it was to do the reverse around
 ls cents, the result being the upbuilding. of s respectable sized short Interest, Unuueationa- bly, spots are too high for contracts. sIns our opinion. the situation. is kdecidedly healthier. The political outlook undoubtedly initiates against an advsnce and the decline of cosk points in French rentes would indicate ground for some alarm. therefore caution should be exercised in putting forth commitments. How ever, cotton has merits and q clearing of the balkan clouds would doubtless be the signal for an upturn and possibly one of some mo- ment. t97 F
The Montgomery advertiser., 1904-02-18
c. E. Pierce 6 Co.'S Cotton Letter.

By Private Wire From Gilbert & Clay1
 NEW ORLEANS. Feb. I7.-The cotton mar ket was a subject to vague rumors and feel ings of unrest and houndered around through out the day with no settled tendency in either direction. The action of Liverpool would sug- gest that feeling favorable to the staple is gaining ground and furnished a basis for A higher opening on this side Spinners are more inclined to take hold and exporters re- port better inquiry for spots, the general feeling is that a more settled contract mar ket would result in good business. The move ment figured light, but was unable to arrest
The Montgomery advertiser., 1904-02-18
Amador Chosen president

Panama, Feb. 16.-Dr Manuel Amador was unanimously elected first President of the Republic of Panama. Dr. Pablo Arosemena. Domingo Obaldie and Dr.. Carlos Mendoza were elected to fill re- spectively the positions of first. second and third "designados." or vice-Presi- dents Great preparations are being made for the inauguration of the President, February 20.
The Montgomery advertiser., 1904-02-18
Treasury Statement. sass AaSIoM; szs ss1 So, Feb I7-Treasury balances
Chicago Grain and D.

.
 CHICAGO, Feb. I7.-War -StOs'
 Mhirled wheat up 2c to-day for fMpica'ons May ion, RSa hiShsr and e July Isy So Sn wheat slesed Nais cats h and provisions l2 2h to 4oc ," h,%S was I% wheat at the opening was about stsaS,, tne coipaLatvely nrm tone of cables foso,S'n on markets showing no response to tS' Ioreign here yesterday Initial sales of Ma', ns decline shade lower to shade higher at ssS f." ~e5s as,, while July was h9kc lower al SSnN 10 So%. Selling by the principal long, followaAa to STh. to 96, and July to 66% May down
 IoWaEds noon traders were seized b,, -
 attack Of war fever A report N,aS oil at acute ed that an uprising had occurred fin ,ba GHiat- p ens. From that moment until the closa alk- 3tk was an urgent demand for both Ma 'nere July. There was ., scramble among sboy. and cover and the leading bull houses bou@ht ~. to i hne uade was of such large volume tbe. indiVldual transactions were allowed to t 1l,at denly strong and sharp advances were r,pss pass almost unnoticed. The market turned ''i',us s,.s According to the revised data the avaiIsbIs
The Montgomery advertiser., 1904-02-18
Constitution of Panar,a

Washington. Feb. 16.-M Bunau-VariIla the Minister from Panama, has received word from the Minister of Foreign Affairs that the constitution adopted by the con. :. vention called for that purpose was of- fcially promulgated by the Junta today. It now becomes the organic law of the Republic of Panama.
The Montgomery advertiser., 1904-02-18
New York Coffee and snrnr

NEW YORK. Feb. I7.-coffee spot Rio steady; No invoice 7Ac. Mild, steady
 cordova, s%as 3-lec. Sugar raw firm; re, fined steady.
 Coffee futures opened steady. 5 points lower on March and other positions unchanged to 10 points higher, and ruled steady to firm on Eu- ropean buying and bullish advices concerning the coming crop one Santos firm placing 1t at 2.ooO,oOO bags for Rio, and G. 500 GOO for santos Importers continued selling moderate ly, but the demand from European sources was swollen in the afternoon by a better class Of commission house business and the market Sales e9, GOO bags
The Montgomery advertiser., 1904-02-18
New orleatas spot Cotton.

NEW ORLEANS. Feb I7.--In the spct cot ton market there was a good demand from factors as . rule refuse to sell for, boar prices Sales 5,65o bales, including f,2oo to errive. Quotations unchanged. .
 Futures opened firm and prices wers frota 35 to 4e points higher than Mondays closing. Soon after the opening heavy liquidation set in. and continued at intervals until near tho close of the session During the morning there were at all times mora sellers than buy CTS, put before the close the supply of cotton had apparently been absorbed and prices nov ed up sharply. In tke trading the fluctuations were frequent and fairly wide. March opened 3e points higher. at "a FOG. declined to l2. .zS and advanced to l2.elc; May opened up 4e joints at 1928; declined to i2 66 and ad- yanced toflS.4l and July opened up 4e points at 1866. declined to 1907 and advanced to l3.ol.. The market closed. firm at the high est figures of the day, the net gains since Monday being on .Ft bruary 5l; March 63; April 53s May o4; June 62; July 60; August 20; September 10 and October g.
The Montgomery advertiser., 1904-02-18
New York nrv nnnda

NEW YORK. Feb I7.-The dry goods mar ket at first hands has continued in a quiet con ditton, placers placing few orders except for prompt delivery of spots. But there has been no Inclination to weaken on the part of man ufactrrers. the majority of whom will use every erort to prevent the market from sag ging, while others of the opinion that the raw material situation will warrant higher prices for piece goods in ths near future.
The Montgomery advertiser., 1904-02-18
Cotton. Wheat, Corn and Coffee Losses.

Claims against brokers and conn mission merchants for unauthorized closing of contracts on New York, New Orleans, Chicago, and other Exchanges, collected by THE CRED- TT CLEARING HOUSE.
 Correspondence invited. , No fees charged unless service rendered.
 Address The Credit Clearing House, Collection Department, 346 Broadway, New York, or 200 Mon- roe St., Chicago, Ill.
 tu-thu-sat.
The Montgomery advertiser., 1904-02-18
!. R., &, B. Beer,s Cotton retter.

tBy Private Wire to Caldwell. Ward 6 Col
 NEW ORLEANS. Feb. I7.-As the course of Liverpool over our holiday was more favora
 hle than expected. rrices here opAned 36 to 46 higher. subsequently, a break of 4S to 52 was established on fears of International com rlications in the East, rumors of trouble in the Balkans, and the limited demAnd for spots. Later In the session 1t was ascertain ed ythat there was a good demand for spots and this together with the light receipts and shorts covering caused . quick advance of 72 to 73 from the bottom. making the net gain SO to 64 points since Mondays closing
 Port receipts for the five days asgrcgate 62 .-- 900 against Io4s00o last year -4The semi- weekly receipts at the thirteen leading interior towns, were 40.0oo. against 64.oO0 last year, but the loss In stock was soniy q 900 this year against decrease of 10000 last year. The movement is liable to continue on decreas- ing scale for some time. because for several weeks previous to the heavy decline there was little or no export demand from the ir- terior. For the past four or five days how ever. 1t is claimed that spinners have been free buyers cf spot cotton. After a break of over i've and half cents pound 1t Is nat ural to suppose that spinners would take hold, stii 1t is an open question as to how much they have bought throughout the South, and up to what level wiH they continue to buy. There is no doubt that there seems to be d better feeling. and barring further troubles in the East, the chances arc values will improve further. providing receipts are light and spots rule firm. Nevertheless with the war hanging over the market. We deem it advisable to stiil operate on very conservative lines. &
The Montgomery advertiser., 1904-02-18

Flour-Firm. SI. .O0. ~ reu' Socq Corn-No. 2. 5l1tc; No 2 yellow. so,Lc oats-No: 2. 4l4c; No. 3 white, 4IHa44nc S Mess pork % ,on PsS barrel, SI475@I4.s .s71s' '1' short ribs sides uoose), c. sSSsS7' 2SiS Whiskey' basis of high wines si 5z7s
The Montgomery advertiser., 1904-02-18
New orleans Sugar.

NEW ORLEANS. Feb. I7.-Sugar steady; open kettle 2&@2 3-Ie; open kettle centrifu. gal 3Q3%; centrifugal whites, 4: yellows, 3A @3 lS-l6; seconds, 2h93M Molasses nomi- nal: open kettle. 2oq23; centrifugal, I39Ie. Syrup dull. 22a25.
The Montgomery advertiser., 1904-02-18

ST. LOUIS, Feb. I7.-Flour, steady vhis- key. s steady steady sl.sIh; Pork higher; jobbing SIo.SfH: Lard higher; prime steam S6 o5; bacon steady; boxed extra shorts S9 co: clear ribs. Ss. l2A; short clear Ss .25. ''oa'
The Montgomery advertiser., 1904-02-18
The Cotton Movement.
-ProprietorS.

NEW ORLEANS. Feb. l7.-Cotton nominal sales. 5.65o Ordinary. 10 l6-lec; good ordi. nary. l2kc; low middling, l2Kc: middling l3Ac; good middling, SIC; middling fair I3Bc. Receipts 3.e5o; stock, Ai6,902.
 GALvESToN-Nominal: middilng. l3Mc: TO- ceipts. 3.3o5: stock. 74S96.
 MOBILE-Nominal; receipts. GA; stock. 2i,. o42 =;
 SAvANNAH-Nominal; middling. l3Ac; sales. 57; receipts, 99e: stock, 3,66i.
 CHARLEsToN-Neminai receipts. Q; stock,
 WILMINGroN-o Quiet: middiing. ta.soc; re. ceipts. 67:- stock, i2,e6i.
 NoRFoLK-Receipts. 200; stock. 25 IFS.
 BALTIMORE-Nominal;s stock 6,252.
 BOST0N-Quiet: fmiddling. i3 Soc; net re ceipts, i37; gross. 2362.+
 PHILADELPHIA-Quiet middling, l3.75c receipts 242; stock, I,S57.
 ST. LOUIS-Nominal: middling, I3hc; re ceipts. 4Iss: stock, is.l7s!
 NEW YORK, Feb. l7.-Cotton quiet; mid. ding, $500; net receipts, 6; gross. 46e sales. l.6i6; stock. "A. 646. Total to-day; Net receipts, II,l49; exports to Great Bri. tain, ii2.ilI; to the continent. l25; stock 7o5,526. Consolidated: Net receipts. e2.3xl; exports to Great Britain. 42,93e; to France 24.77l; to the continent. S,4l4; Mexico, Is5 Total since September |: Net receipts. 6.626.- 939: exports to Great Britain, .9oo, 5e6; tc France, $50, ssi; to the continent. 2.i55.45o; to Japan, S6. eo6; to Mexico. 22,266.
The Montgomery advertiser., 1904-02-18
New orleans Cotton Futures.

NEW ORLEANS. Feb I7-Cotton futures steady. February I2.75 bid; March I2 e7 bid; April lS.l5@I3.l7; May l3.4I; June, | 3. .63 @l3.e7; July 3.sog 1881; August, i265 Did; September. ll.76 bid; October, II.osQ
The Montgomery advertiser., 1904-02-18
Naval Stores

WILMINGTON. Feb I7.-Turpentine noth- ing doing; receipts 2 casks. Rosin nothing PAY. Crude turpentine firm, S2 80 SA os and S4.25 receipts 90
The Montgomery advertiser., 1904-02-18

LIVERPOOL. Feb. l7.-Cotton futures open ed steady, closed feverish American middling. good ordinary clause: February, 6.S6d; Feb ruary-March, 6.s6d; March-April. 6.97d; Aprii-May, 6.9Sd; May-June. 6.sld; October November, s. sod.
 The Cotton Exchange will be closed on Mon day. February 22
The Montgomery advertiser., 1904-02-18
SAVANNAH. Feb. Iz-rurp

SAVANNAH, Feb. I7.-Turpentine nothing doing; receipts lo9; exports, i4O. Rosin oujet receipts, 's43: exports, 3ll. Quote: A, B, e. D a S2:e9; E. 2.e5; F.. s2: 70; c. s2.75: H. SSs'a5; | Ss. 10; K, $525; M, s3 50; N,
The Montgomery advertiser., 1904-02-18
e. E. Pierce Q co,. cotton r,ett.r.

tBy Private Wire From C. W. Lee & Col
 NEW YORK, Feb. i7.-The market < ad- yanced too rapidly this morning. After sell ing at l2;76 yesterday, there was little req son In selling at l3.4o, at the opening to- day: This advance was too rapid and as was to De expected, prices declined sharply AS points. Fluctuations were on an extensive scale. and had 1t not been for the war news rom Southern Europe, the market would qoubtless, have done better. As it was, the sellers at i3,4 70 for July were the buyers be- low lS.io during the afternoon and from the character of the market. we see TO reason to change our ideas that the market Is . fair buying risk below IS cents. While this uii- certainty over March continues and no one seems to know what will become of the stock In New Orleans. the outlook is not clear.
 The bull cause has had blow and for this reason. we believe in caution. But the way cotton is not coming in. and the way interior points report exhaustion. we cannot feel any thing but friendly to the market below ts cents: Imitation has been let out and there is-a big demand for spot cotton. On any ad- vance profits should be taken for the March business Is hanging over the market. It is question what holders will do with the stun in New orieanst
The Montgomery advertiser., 1904-02-18
St. Louis Provisions.

rosn nominal. "iiN
The Montgomery advertiser., 1904-02-18
Loeal Cotton Markat.
LiverpooI Cotton Futures.

n the local cotton market yesterday mid
 ding was quoted at I3 cents.
The Montgomery advertiser., 1904-02-18
New York Cotton Futuraa.

NEW YORK. Feb. I7-Following were the quotations on tho Cotton Exchange to-day: {
 Open. High. Low. Sale Cloae