davidaulloa/AmericanStories huggingface dataset:
The Montgomery advertiser., 1904-01-30
H. 6 B. Beers Cotton Letter.

lBy Private Wire to Caldwell Ward & Col
 NEW ORLEANS. Jan. 2e.-As early Liver poo ladvices were favorable our market opened IS12I points higher but the subseauent east ness in Liverpool, New York brokers calling TOT ten dollars bale margin and more pes slmistic cable news from the East coupled to the decline of 20 points in French rentes caused uneasiness. superinducng lT1uidaton. which brought out stop. orders and established qulck break of Ts9s7 from the top. Sup porting orders. however. came in and a rapid reaction of 5SG7I from the bottom soon took place. Near the close ldudation again set in iorcing a decline of 20 making the net loss into sight during the week was Ioa GOO against 262, 900 last year. and the total mar He.ed from sept. G 1 Ist to date. including plus le43oo against 799I .ooo last year. The SI leading interior towns during the week re eeiyed 1000 against l34.ooo last year ana ana holds in stock Se4. 900, against 435 900 last year. Today's market was a practical it. lnstration of what can happen when every one IS carried away with optimistic opinions In less than 50 minutes values decned S7 points and whle 1t is true much of the decline was re- gained. 1t is nevertheless an object lesson and demonstrates what may transplre if some very untaVorable feature is injected into the situa- tfon when least expected Of course as long as strong leaders are willing to hold the mar. ket. serious decline may bc avcrteJ but should they at any time withdraw their sun port a decided break may occur; thercfore while the Eastern imbrogio hangs over the tnarket il will be menace; consequently We deem 1t advisable to operate on extremely con servatlVe lines. pending a solution of this dif- hculty. The amount brought into sight for the week was bullish but the amount market ed to date Is bearlsh and SD is the interior movement. It is expected. though, that thc visible supply statement will be bullish owing to spinners' takings being heavy There is no doubt. though, that the spot situation is strong and that the undercurrent is good and were t not for uncertainty of the Eastern ouea ton. speculation in favor of the article would be as rampant as ever.
The Montgomery advertiser., 1904-01-30
Chica. .a Grain and p-ouisinn.

CHICAGO, Jan. 2o.-war run,ors caused an advance of %@la.c in the price of wheat today. Fart of the advance lost on prof u taking, but the close was firm with May &1Mc higher than yesterdays finals Corn -losed ssdhc higher for May and oats 5sc up Provisions were unchanged
 sharp bulge occurred in wheat at the start due to reports that the crisis in the Far East was not far distant. These reports were given emphasis by higher prices in foreign grain markets Opening quotations showed May 5s dIssc higher at 9okd9lt with July fTIt1sc higher at a2r Ne2 Buying orders came large ly from shorts. For a time there was little wheat on the market The leader of the longs however, took the selling side toward the end of the first half hour and was joined by small CT holders with the result that prices declined about 1zc from the high point May stcadIed around ao9s and July at e2T. The market lost its energy and ruled oomInrativelv dulI the remainder of the day. Long wheat con tinued to come out on all small upturns. but tho demand was equally good on every reac- tion. The market helped by Argentine strike news. small receipts and an imnrovc- Inent in inc cash demand in the Northwest May closed at s0taaeo& after selling to eos6 July closed at S3de3H Clearances cuIIaInI SOP, co bushels. Primary receipts were dIo : 300, against 522 400 year ago Exports for the week, according to Bradstreet's of wheat and flour were equal to 2 29os ooo Minneapo- Ills. Duluth and Chicago reported 253 cars against 366 last week and BOP year ago
 The same influences which governed wheat were factors on corn. There was a good de- mand from commission houses and shorts at the start due to the reported serious turn of affairs in the Far East and opening prices showed good gains. On the advance there was quite liberal liquidation by small holders. re- sulting in reaction. A renewed demand from commission houses late caused another upturn and the close was firm. After opening H to Sc higher at 5oHd5osa. May sold between 50 and 5oi=. closing at 5o495o9s. Receipts 2l5 cars.
 Oats were strong throughout the day rral- ing was not large but this was due more to the scarcity of offerings than anything else There was 3 fair demand from shorts carly stimulated by the bullish feeling over the foreign situation, Scalpers were the princi- pal sellers. Toward the end a general de. mand developed which carried prices still higher at 42%G42ia, sold between 42hG423s and 43 and closed at 43. Receipts, 74 cars
 Packers were moderate sellers of provisions and there was further liquidation of lard by bull houses Tn spite of this selling and In face of lower hogs. the market yielded very little, closing practically unchanged. May pork and lard closed unchanRed at SI3a2 and SZ 421s and ribs shade lower at S67O
 The 'He''inE futures rangsr As SoI.sSpa'
The Montgomery advertiser., 1904-01-30

tomac Rivers to Northern mills and Canada oe2,425. against 73i,l25 last year. 7y4 382 year before last and 9ie zee the same tirno in tsot: anterior stocks In excess of those held at the close of the commercial year. So2, eR6. against 37oo22 last year Ae3,3t4 year be- fore last and 6S7. l24 the same time in ieoI : Southern mills takings. i.ooY. .ooo aeaInst sse.o12 last year see. 7o7 year before last and l25.6l4 the, same time in 1901
 These make the total movement for the ssl days of the season from Sept, lst to date 7- e42.6si. against 7.seo.syS last year. ,, ,s3s- time ir 1901. .st - +sg Ii ~
 Foreign exports for the week have been iAA. l. 74o, against 2le,624 last year. making the total thus far for the season 46Da 36O against 4.3l2.i3e last year. an ihcrease Of
 Northern mills takinss and Canada during the past seven days show an increase of 60S as compared with the correspondInr uertod last year. and their total takinRs since Sent Ist have increased 6e e,0o5 The tota ltakinra of American mills. North. South and Canada. thus far for the season have been 2,437 6At against 2,357. .eo3 last year. These include I,4S3 32i by Northern spinners. against I,-
 Stocks at the seaboard and the 2e leading Southern interior centers have decreased dur ing the week 7l5 542 bales. against a decrease during the corresponding period last season ot Is.eeI and & are now 266.i2i less than at
 Including stocks left over at ports and in- terior towns from the last crop and the num- Der of bales brought into sight thus far from the new crop. the supply to date is s,I To- 4eO. against slo5.e4s for the same period last year. .t "a ., =
The Montgomery advertiser., 1904-01-30
c. E. Pierce e Co.'S Cotton L.ttsr.

lBy Private Wire From Gilbert C ClayI
 NEW ORLEANS. Jan. 29.-Liverpool fur nlshed evidence of an awakening to the ex- irene possibilities of cotton situation and took another rapid flight in the upward direction
 put tsis fact did not have lasting Influence here, as late cables called attention to the growing seriousness of affairs in the Far East and 1t was even hnted again that on account or the rapidity of the rise and the increa sed cost Of carrying cotton. inspiring a dread for tenders. some reaction might be expected. It appears that all favorable features were an- tlcfpated in full measure here, so when the initial advance presented an irresistible temp tation to secure oyergrown profits the offerings that followed completely exhausted the de- mand for the time being and slump of over S4 per bale occurred in less time than 1t takes to tell the tale A demand from fresh inyes- tors and shorts at this juncture turned the tide, after which very feverish tone pre- vailed. Today's events should prove conciu- siveiy that the cotton market is Zoo danger ous a proposition for the average trader
 Henceforth the fluctuations are likely to be violent and rapid and the shocks will be nu- merous. Considerable cotton was luudated here and in New York, but in many cases it was only an act of the long taking place Of the old which leaves the position to some extent technically unchanged and Liverpool is yet to be heard from
The Montgomery advertiser., 1904-01-30
New orlenns snot cnttnn.

NEW ORLEANS. Jan. 2e.-The decline in futures brought the trading in spot cotton al most (" standstnl. Sales, I.I5o bags Prices unchanged.
 ln tn" future market the longs expected re- acton cam" today. Weak longs were said to b" responsible for the break in prices. The war iun9rs that were spread about after yester- uaE closing caused an accumulation Of sell .1E orders over night from the country and iHrr weight had it's effect on the market. ii-'qulHauon commenced soon after the open ms and while first prices were higher tha break soon followed. Though longs hc,vbt freely the offerings were apparently more than .n'S ,,S cared 10 handle for a time and flooded 'h" market Prices sank rapidly under tba general unloading After a short breathing spell the bulls again entered the ring ami Wef" heavI buyers at the decline. caueinV n recovery of 3oa4o points In the n tradins d
 moTGh M ,E E opened % at 1929 declined 7s points al "A declined 95 points to 5 30 an% It. covered to le,s5 and July opened at is e4 dccimed sS points to l6,oe anl racoyereJ ,n 1897. Tn" market closed fairly steady ,ho l list showing net losses of l4G2I uoirt tue
The Montgomery advertiser., 1904-01-30
Daily Cotton Marks.

NEW ORLEANS-Irregular: sales II5o: ordinary. 3H; good ordinary, 4e-I6; low middling, IS 3i6: middling. IS 9-I6: good midding. Is l3-l6; middling fair. l6 3-I6; receipts. 5,o45; stock. 426.7t6.
 GALVESTON-Firm; middling | 5 g. 6; sales I,796; receipts. 5.oo2: stock. lo4.s33.
 MoBILE-Quiet; middlteg. I5ss; sales, 800; receipts. 43I: stock. 2t.eI2.
 SAVANNAH-Quiet middlinK, f5Is; sales, 36: receipts g. 30: stock. 6e. o99
 HARLESTON-Firm middlnE 5h sales. 100; receipts, 287: stock, lo.6I5.
 WILMINGTOE-Steady;. middng, l5'k; re- ceipts. 58o: stock. 4,354.
 NORFOLk-Receipts l.67o; stock. I6. l5o. BALTIMORE-Nomnal; riiddling, 575; re- ceipts, S47: stock, 6.426.
 BoSToN--Quiet; middlng. I6.25;- net re- cepts. l52: gross. .6.3s3.
 PHILADELPHTA-Quiet middling, l6. 30: receipts 26I: stock. 7.2lo.
 ST. LOUIS-Firm: iniddling, l5k; receipts, 4 399 stock. 22. 543.
 NEW YoRK-Quiet middHng. I6.o5; net receipts. 50: gross, 6ss; sales, 4. 100; stock. 7l,so5 exports to the continent, 100.
 Total today-Net receipts, ls,oI4; exports to the continent. 100.
 Total today-Net receipts. lsoI4; exports to Great Britain 10, I5I; to the continent. le, 626 stock. 752.934.
 Consolidated-Net receipts, 35.So6: exports to Great Britain, 7o.2aI: to France. l5.- S4e to the continent, 56.49S; to Japan. 744
 Total since Sept. l-Net receipts. 5.e37,- 7ol exports to Great Britain. l.776 POP; 10 France, 596. s43: to the continent. 2.oio. o4S; 10 Japan, 34. o4o: to Mexico, 2o,246.
The Montgomery advertiser., 1904-01-30
yfrgin & Faunce's Cotton retter


 NEW YORK. Jan. 2e-Cotton futures oponel at new high records today. but before, the end nK the day there was some extensive iQulla- tfon by longs and the market suffered de- cline At the same time. however. nlanipula- five tactics were vigorously prosecutoi and inc nervousness prevalent al times was ,rac- ftcaily indescribable. The trade was ustiv, and excitement ran to a high pitch with tho prnfessonal interests doing the bulk of thu. brsincRs The cables were much better than expeeted and to the surprise of the trade the Rnans were well maintained abroad up to the c1oae There was some talk in the south that zpot cotton was being more freely offered and reports Of selling of actual cotton by many nrstwhiie holders was accepted by some in- dfcatlng that the top notch had been reached The New Orleans market was strong and di- rect advices from that point were quite en- rouragfng to the bulls. Bull interests in some instances gave aggressive support, but here and there quiet profit taking and selling Was noted by close observers. Shortly after noon tho liquidation reached enormous proportions and the market broke matter of 55n65 points The break was reported to be due to heavy selling by two large commission houses srlth big out-of-town wire connections princi- F.ally in inc South and the West. The sell ing was said to be due to the failure on the x.srf of outside correspondents to forward ad- ditlonal margins called for. Port receipts were arrred at about I9.ooo, against 22 26o last trerk and 3 $40 last year.
The Montgomery advertiser., 1904-01-30
The Cotton Moveuen.

NEW ORLEANS. Jan. 2e.-secretary Hos ters weekly New Orleans Cotton T,xchangc statement. issued before tho close of bust ness today. shows a decrease in tho move ment Into sight compared with the seven dsvs ending this date last year in round figures of 64. 900 bales. a decrease under the same dave year before last of 6 900 and a decrease m der the same time in 1901 of 23,ooo
 For the 29 days of January the totals show a decrease under last year of l46ooo a de crease under the same period year before last of 23l 900 and an increase over the same time In 1901 "f il4,ooo.
 Fot the I5l days Of the season that have elapsed the aggregate Is ahead Of the I5I days of last year 52.oo0. ahead of the same days Year before last 5000 and ahead Of 1901 by 4eS, 900.
 The amount brought into sight during the past week has been Iee,l2I bales. against 262.4s4 for the seven days ending this date last year, 25e e3 year before last and 22i . 427 the same time in 1901, and for the 2e days Of January it has been I,ol3. 45I. against l. 59 7s3 last wear .244. BOA, year before last and 9ee.o24 tho same time in IeoL =
 The movement since Sept. | shows receipts at sll United States ports 5, s6o 27o. against 5 lS5' 356 last wear S.7s7, l36 year before last and 5,27l 63o inc ssme time in 1901 overland across the Mississippi. ohio and Po-
The Montgomery advertiser., 1904-01-30
Worlds Visible sunnlx.

NEW ORLEANS. Jan. 2e.-Secrstary He's ter's statement of the worlds visible supply of cotton made up from special cable and teie- graphic advices compares the figures of this week with last week. last year and the year before. It shows decrease Tor the week just closed of 66.767. against an increase of s43.- lee last year and an increase of 70. 2s4 year before last 't~.
 The total visible is s.ssi;2o2. against 3. eI7.e69 last week. 's4, ,o4i,e52 last year and 4.520,37z year before last Of this the total of American cotton Is 2.a76, POP against 8 : 059. 96o last week. '3:t4e. S62 last year and 3.643,377 year before last, and of all other kinds. including Egypt. Brazil India etc e55. GOO. against 92s, GOO last week, ee3 900 last year and s77.ooo year before last
 The total worlds visible supply of cotton as above shows a decrease compared with last week of. 66.767. decrease compared with last year of leo, 6so and. a. decrease compared with year bcfore last of 66o.i75.
 Of the worlds visible supply of cotton. as above there is now ahoat and held In Great Britain and Continental Europe g. io6 GOO against 2.oo4. GOO last year and 2.3iaoo0 year before last: in Esypt. PAS. oo0 against l94.oOo last year and 243.0 900 year before last; in India. 3o4, ooo. against 4oo. 900 last year and 3s2,ooo year before last; and in the. United States l:ieS.o6o. against I.444. : 900 last year and I,577, 900 year before last
 Corrected by correction Galveston minus week, 547. ''Corrected by Galveston minus correction to date, 56,io3 r.-.
The Montgomery advertiser., 1904-01-30
c. E. Pierce & Co.'S Cotton Letter.


 NEW YORK. Jan 2e.-The week has been d most eventfu In fact, it is doubtful if the six days have had their equal this seaeon or in the whole history of cotton spec uiation Prices way up to point where from day tc day trader does not know wheth- er the price is $40 CT $40 or i4 40 The fractions are easily kept in mind the cents and both difficult Trading has been m d large scale far the insiders go. but the public has gradually been getting out of inc market. For this every commission house feturns gr8teful thanks. No one but the re- eponsible head of concern can conceive of the srear and tear of such a market as this. The strain is serious for mans good credit, his soinniercal integrity his very reputation may he called upon to bear a burden at any mo- fqaent There never has been but The rrash that will mark the culmlnation oG tho advanee may come today, tomorrow. next week We don't care to be long of the market st this tirre and beg every one to get out at any prioe and soon as possible. No living ram knows the value Of cotton Consumption ss'd inc industry have been built upon cotton Isee than 10 cents. What will be the effect rf i s cents aad 20 cents cotton? Who Is am hiffons enough to attempt. an answerS When 1<rrv familiar landmark has been left behind S.,g fl,ere Is a ship sailing an unknown sea ssisiinut compass there must be a very wise ,,f ahle eapfain or the passengers can expect ss land on the rocks. The cotton situation is ,,sirs,e--dIfferent from any the oldest trader Ea eser seen and there Is needed strength of Tkevacfsr or fic part of every oiie to keep out sl ne meshes- Every one now talks ~ cents
The Montgomery advertiser., 1904-01-30

NEW ORLEANS. Jan 2e-Secretary Hes ter gives the .taktngs of Amercan cotton by spnners throughout the world as follows, in round numbers.
 This week. 2e 900 this year. against 264,- 900 last year and 235.ooo year before last.
 Total since Sept. ! this year, s. .4e3. o00 against 5.52o.ooo last year and 5.2leooo the year before.
 Of this Northern spinners and Canada took I.4i6. 6.oo0 bales this wear, against 347. 900 last year and 1880. 900. the year before; Southern spinners. l.o2I 900, against l.oIo.- 900 last year. and 9o3. 900 sthe year before 900 last year and 2. .e33ooo the year before.
The Montgomery advertiser., 1904-01-30
Caldwell. Ward 6 Co.'S Cotton batter.

MONTGOMERY, Ala, Jan. 2e.-FolIowing a disappointed Liverpool market New York opened very strong. 20 points advance but after the first call bears raided and forced the market down s'out 50 points from the point. At the. low price the bulls again supporte5 the market and 1t quickly rallied, showing how sensitive it is to the slightest buying power. spots are the key to the whole situation. The demand is very great and the offerings are small. therefore do not feel that any de- cline can be more than temporary Brokers for exporters who have failed to get the spot cotton which they have contracts for have been heavy buyers the floor today with a View to taking over the spot cotton as the option natures. The crop months are hard to deal in at all. On New York close Liverpool is due to come 70 points down Saturday
The Montgomery advertiser., 1904-01-30
MARKETS FOR FUTURES
HEAVY LIQUIDATION cHARAC- TERIZES TRADING.
t the Close the New York Bull Leader Takes Everthing in Sight for July and Rallies
 the List.

&NEW YORK. Jan. 29.-The cotton market
 &ened easier with October 2 and the other #onths from IS to 23 points higher. The ad-
 Nnce was in keeping with slightly higher ca
 Les and continued light receipts in connoc-
 on with further bull support, but almost be-
 rn the call was completed prices had sold of #Feral points under heavy liquidation pro- %oted perhaps in some measure by the less
 graceful outlook in the Far East until after fBue frregularity the market steadied again to about the opening figures. with March at the 1Nsf selling at 1921. May I6 40. and July e-A6. these being the highest prices of the fxNson. The under current, however, was very nervous and later the bulls supported less yigorously so that reports of curtaiIment in spinning centers both here and abroad caused
 hxicfent selling to impart an easier tone to the market. For some time the decline was slow. but shortly after midday large stop or ueTa were reached and prices broke violently. March went down to 1865. May to 5.S3 and July to i5.69. a net decline on the positions 1iasned nf from 30 to 37 points and a decline From the best point of the morning of from 6Y to 66 points. The elimination of those sop orders. however. seemed to give the mar ket healthier look. The declines attracted fresh demand from outside sources New Or leans bulls again came to the support of the market which was also helped by the bullish Interpretation put the weekend figures and there was recovery of several points after which the market ruled rather narrow but very irregular until near the close In the laFt few minutes the local bull leader rushed ihtofthe rinksand began bidding for July. talk 1uk everything m Slght and advancing that poslton to l6. 6, within l6 points of last nights finals. while the other old, crop srnonths were l3Gl7 points lower September lost 3S points and October 10 as compared with last night Sales estimated at I,2oo 900 bales. Port receipts were light and exports full. while estimates for tomorrow's ports at leading points were moderate with Southern spot markets generally firm and higher Es- dmated receipts at the ports today IA 0o0 bales. against 22. 26o last week and 3 $40 last year. For the week I35. 900 bales, akainst i5S.245 last week and I84I6I last wear Todays receipts at New Orleans were s.o4s bales: against 7,sl6 last year and at Houston 4.4o2 bales. against 7.405 last year.
The Montgomery advertiser., 1904-01-30

Wheat advanced on short covering, promoted by tho political situation. causing considerable anxiety In that commodity. Corn was in ac- tive demand from start to finish. Argentine shipped only about one third as much corn as last week and out of total receipt of oJ5 cars today. ls5 inspect number and no grade ana this Is spite of cold weather we have been having for the past week Sixty-cent corn Is predicted in most influential sources Cash oats of all kinds were up cent a bushel from yesterdays prices with very active demand. DO cents in the near future for May oats is freely spoken of. Provisions were quiet on heavy hogs receipts Packers tried to keep the market down in order to get their hogs cheap, but commission house buying prevented. any decline. notwithstanding receipts of hogs were considerably more than expected
The Montgomery advertiser., 1904-01-30

New Orleans snnsr

NEW ORLEANS. Jan. 2eos,iear-- -ouiet; open kettle, 2%a3 l-le; open kettle centrifa- gal 3d3is; centrifugal. whites A., yellows Sit @3 IS; 6; seconds. 2kG3iS
 MolssseR-Nominal: open Kettle oo10a. cen- tFeugal l0a20 -- ..,-.-'-N, syfup-Dull at e2a23
The Montgomery advertiser., 1904-01-30
Bank Clearinps.

NEW YORK. Jan. 2s.-The following table compiled by Bradstreet shows the bank clsar- ings at the cities named for the week ended Jan. go. with the percentage of increase and decrease as compared with the corresponding week last year:
The Montgomery advertiser., 1904-01-30

and at 20 cents will be talking 25 cents It Is time for of those sensational breaks where prices run off a cent in day. Sales today, ,I,5oo, 900 baIes
The Montgomery advertiser., 1904-01-30
cnttnn crnn Mouemant.

NEW YORK, Jan 2s.-Ths following sta tistics on the movement of cotton for the week ending Jan. 20 compiled by the New York Cotton Exchange:,
 Weekly movement This Year Last. Year
The Montgomery advertiser., 1904-01-30
Local Cotton Market.
Local Weekly Cotton sta~ment.

Tn the local cotton market yesterday mid ding was quoted at l5'i cents.
The Montgomery advertiser., 1904-01-30
Liverpool Cotton Satisfies.
New York Cotton Tutures.

NEW YORK. Jan. 2e.-Followlng were Il quotations on the Cotton Exchange today:
The Montgomery advertiser., 1904-01-30
Treasury Statement.
Caldwell 6 Wards Grain Letter.

0"~SSA4VAASs
 WASHINGTON. Jan. 2e-Trezsury Il ances, e$225, 64o,5 54S; gold. Se6. 522.7I4.
The Montgomery advertiser., 1904-01-30
ESTABLISHED 1872.

Henrv Beer. Bertrand Beer.
 Edgar H. Bright Fri "a Wires to New York, Chicago, and Intermediate Points.
The Montgomery advertiser., 1904-01-30

NEW YORK. Jan 29.-The following are
 Q total net receipts of cotton at all ports
The Montgomery advertiser., 1904-01-30
Total Net Receipts of Cotton.

BrouEh' into sight thus
 far for season ........S, o2o363 S.ol6,5S