davidaulloa/AmericanStories huggingface dataset:
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-12-29
BRU|N ONCE "SOT"
. GROWS TO COTTON
And His Weight Carries
it Further Down.
CLOSE BARELY STEADY
The Census Report is More Bearish
Even Than Expected, and Some
Traders Now Estimate the Crop
Around Thirteen Million
Bales.
CLOSE BARELY STEADY
(By the Associated Press.)

New York, Dec. 2S.-The sensation
al decline in cotton was continued to-
day as result of aggressive bear
pressure Immediately preceding the
publication of the ginners' report at
midday, after which there was heavy
liquidation and further pressure so
that the, downward tendency was con-
tinued with the market finally barely
steady at the lowest point of the Ses-
sion and every active option on the
list selling below the seven cent
mark, with the near months around
1-2 cents
The opening was steadied by the
relatively good showing of Liverpool
and increased spot business reported
there. with first price showing de-
cline of three points on January, and
an advance of TO 6 points on later
positions. But the bear leaders were
hammering the market and shortly
after the opening there was a break
carrying the market to net loss of
s to 8 points. Later there was a
partial rally on covering, but just be-
fore the census report was received
prices Sagged off again showing that
the big bears We're confident of their
position. The report proved more
-hearsh than had been at all generally
expected. The bears took it as midi
eating a total crop of around 13,000,-
600 bales, While the lower Wall street
bear leader after the report was is
sued. raised his estimate of the crop
10 13, 500. 900 bales. The report was
followed by active liquidation. While
some Of the big shorts appeared tc be
covering at the decline support was
Withdrawn on every little bulge and
bear pressure renewed, with the mark
ct showing a final loss of 81 10 IS
points for the day. The closing tone
was barely steady. and sentiment was
very apprehensive of a bad slump in
the Southern SPOT markets as result
Of the report and the decline in fu-
lures.
Sales of futures for the day were
estimated at about 100000 bales.
Receipts of cotton at the ports to-
day 1871 bales. against 51,916 last
week. and 60,43S last year For the
week 500, 900 bales. against 301,9lSI
last week, and 297.73S bales last year
Today's receipts at New Orleans -
1854 bales. against 1860 last year and
at Houston solo bales, against 49,
461 last year.
New York. Dec. 23-Cotton spot quiet
% points lower. rniddling uplands 100
niddling gulf, 1875. SAFES ...., bales.
Futures opened and o.1sed steady
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-12-29
md o.1sed steady.
Open high Low Close
New Orleans Cotton.

New Orleans, La, Dec. 2S.-Spot
cotton easy; sales 5000 bales. includ-
ing 1900 to arrive. Quotations re-
duced 7-16c. Futures opened quiet.
Prices were unchanged to one point
higher. Soon after the first call there
was improvement of from : to .
points, the market remaining steady
until the ginners report of the Cen
sus Bureau was posted at IL O'Clock.
The bearish character of the report
caused an almost immediate decline
of SO to 81 points in the midst of one
of the widest scenes ever witnessed
about the ring of the Cotton Exchange.
Later in the day the excitement sub
sided and prices improved to 3
points from the lowest levels of the
session. March opened at 702, adj
vanced to 707 and then dropped to
$50. The market closed fairly steady.
Losses were As to 81 points.
New Orleans, Dec. q, Cotton futures
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-12-29
Dividend Notice.

At a meeting of the Board of Di-
rectors of the Atlantic and North Car
DINA Railroad Company held in
Goldsboro, n. c., on December goth,
1904, dividend of one per cent on
the capital stock of said company,
was declared, payable in Goldsboro,
N. c., on December S1st, 1904. The
stock books of said company will be
open for the proper recording Of
transfers of shares of stock until The
close of the 2Sth day of December,
1904, and will remain closed until
the close of the 3rd day of January,
1906.
d. J. BROADHURST,
Secretary and Treasurer.
12-32-1Ot
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-12-29

nouncement of the ginners' report has
had more or less effect upon buyers
in the dry goods market, but little al
iteration of sellers ideas has taken
place. although it is admitted an al
ternate readjustment must take place.
The we'll sold condition of many
lines makes the seller very reluctant
to change his quota lions.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-12-29
New York Money.

New York, Dec %, p. m.-Money on call
steady, a1ad3 low ruling rate last loan
steady, 90 days 1854, 20 days 3,J4, six
months 81 @H prime merc'tile paper 4@4h
sterling exchange 9:m, with actual business
in bankers bills at 4S7 % 0iSl.l5 for demand,
and III asa so a ia4 s. for 90 day bills, posted
rates 4.851aatGl.oS, commercial bills 1870.
bar silver 6I3E, Mexican dollars 1914
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-12-29
Grain and Provisions.

Chica go, Dec. 28.-Prospects Of an
enormous Argentine crop outweigh
ed, apparently, all other considerations
in the wheat pit here today. The re
suit was a weak market. May wheat
closing - to 5-S cents down Corn
is off IA to 3-Sc Oats and provi-
sionS are about unchanged.
iOpeping. iilynest. Lowest Closing
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-12-29
stockholders Meeting.

The annual meeting of the stock
holders of the Commercial and Farm
ers Bank of Raleigh will be at their
Banking House on Tuesday at Il M,
January 10, 1905.
B. S. JERMAN, Cashier.
Dec. 10, 1904.
till ian 10. 1905.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-12-29
StocIlholders, Meeting.

The annual meeting of the stock
holders of the Carolina Trust CONF
pany of Raleigh will be held at their
Banking House on Tuesday at . M,
January 10, 1905.
H. f. SMITH, Cashier.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-12-29
Stockholders Meeting.

The regular annual meeting of the
stockholders of the Raleigh Savings
Bank will be held at their banking
house on Monday, January 9th, at
noon.
]. O. LITCHFORD, Cashier.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-12-29
s. A. l.. stocks ano Bonas.

Baltimore, Dec. %, $ A. L.. common l61S@L
preferred, 3o556.
Bonds--4s.......
A. Z. L. common .........@ preferred =.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-12-29
RALEIGH SAVINGS BANK-FOJ

per cent. interest paid on deposits;
money loaned on cotton certificates
and other marketable securities.
12-20-t. f,
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-12-29
rHE ANNrAL MEETING ora THE

STOCKHOLDERS Of the Mechanics
Dime Savings Bank Of Raj
eigh will be held in their
banking house January 10th, 1905,
at O'Clock p. M, Walters Dur
ham Cashier
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-12-29
NRYnI Stores.

Wilmington, Dec. 2s, Turpenune =. :, Az
receipts Il casks.
aRosin firm, 2.40, recei ITS ga bLs.
Tar f1rm, Loo, receipts 2 bbs.
Crude tirm, 23dGD3.7J receipts % onls
Charleston, Dec. o. Turpentine firm 4SH.
Quote A, b, c, 2i5 d 24i, + .24j.
r $50, q 2.aO, IL 2.6j, I $40 X Bis,
NJ 4li, 4.35, WG 46j, WV $50.
Savan leh, Dec oS-Turpeniine steady, 20
receipts 6'2, sales 2Gl exports %.
Rosin-tirm, receipts -; sales 2,4 C. :
ports 500
Quote A, nc, 2.52}a6. n 2..7Hea... f
2 81 a 62h r 2.57%@, q 2.E1a .a,H 2.S1a |
8. s., II 90, M 4.30, - 400. VIZ ass, WV 6.l5
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-12-29
Cash quotations We're as follows:

No. white 3IM0A No white 30Ha3 %
hlir To choice mailing 4l&I8, fax seed No;
III No. | northwestern l2i, prime timothy
seed 2, ~ pork per Dbl. II, 09l2-40.
fIoosej F2dM dry salfed sholders tboxedl
6s.K snort clear sides (boXed) 6.C2GDR. -.
whisxey basis of high wines LA. clover CON
tract grade l2.75.
New York Provisions.
New York. pc. 2S, -Four quiet, winter
patents s).I0tp5.7j' Minnesota patents o.S5G6l0
do bakers, Si.006.i.2l. stratghtS 5.l0d5 ~.
Rye flour quiet, fair to good l.ilGi.70,
choice 10 fancy ..l5soi.50.
Buck wheat fiour steady 20l@ Bis.
Corn meal quiet, yellow western 10 Gl45.
kiln dried 3.GO@5,l0.
Rye nominal, No 2 western, 20.
Barley quiet, feeding 81 mailing 556n6a.
Wheat irreg No red, l2O}a, May lllH,
Corn easy, No. So, May 5i3s December
" Oats du mixed 2HssG. :. =, Sept. /.
Beef steady, famiiyll. 0l9l"1O, packet 1000
oil co city tX TIA india. mess lIO@lbOO,
beef hams % 00lB2i.f
Cut meats queit picked bellies 77@7%
Lard quiet, western steamed 40 Now,
No. nom, refined dull, continent %,
PORK steady, family ii 00Gl4 so, short clear
I}75Nl6 d, mess 13.310l3.50
Tallow firm, ts2 per pkg, 4149country
Rosin qulet, strained common to good
sSnno2 s2%
TurpenIine auIet, 53a53L.
Rice frm, domestic fair ~ extra 27s95K,
Japan nOm
Moiasses steady, New Orleans open kettle
good to choice 32@36.
: Coffee spot Rio steady Nc 7 invoice SO mild
nrm cordova I0@i3
Sugar raw steady. tar refining ~, centrifn-
gal 80 test 4 r.. molasses sugar lays
refined firm, confectioner's A, CO. mold A
H. cut loaf & ID, crushed g. i5 powdered $50,
graduated 5.75. cuces 6J0.
Butter drm. creamery common to extra.
In Z715, state dairy l0@l2j w estern factory IL.
Eggs quiet state and Penn. nearby
fancy selected white 34@3j, Southern 22927,
Cheese quiet state. full cream small col
ored fancy IL small white fancy: llM.
Potatoes steady. Long Island l.7oG2.OO. state
and western ,@loo, Jersey Sweets 20Oe3 90.
Peanuts, DUET, fancy hand-picked 5@H other
Cabbage Steady, fiat dutch per 100, 20.
Cotton by steam TO Liverpool lo@i0e.
Cotton seed oil market was easy
crude +. o. b. mills II, prime summer yellow
2I02II5. off summer yellow nominal, prime
white lax, prime winter yellow 2S9K.
Baltimore Provisions.
Baltimore Dec. q Flour dull, winter
patents 5.o5ge0, spring patents 5.9J@6 10, extra
lbs
Wheat dull, spot contract Nov. l.lts9N
red western Southern by sample 9Snil4.
Corn Il rm, spot new o07s@54, new Southern
white corn i51aGoO1a
Oats firm, No. white ooI20..., NO.
Rye dull. No 2 western 8s91z
Butter steadv. fancy imitation 20@2l,. do
creamery 70, do ladIe l7@lS, store lacked
Halls.
Eggs quie', unchanged q.
Cheese firm. large and small ll7s@i2, me-
Sugar strong' coar e granulAted 5.7i. fine So.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-12-29
Stockholders Meeting.
THE ANIMAL MEETING OF "

stockholders of the National Bank
of Raleigh will be held in their
banking house January 10th, 1905.
f. II. Briggs, Cashier.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-12-29
Raleigh Spot Cotton Markct.
Dry Goods.

New York, Dec. 2S-The further
decline in raw cotton upon the an
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-12-29
dgerp,ol.

Liverpool Dec. %. p. m.-Cotton spot
increased demand, prices Ii points lower,
A merican middlng fair, 1926 good mddling,
OF, middling 8 g. low mtddling s.S), good
ordinary. 800 ordinary so. The sales of the
day % OOo bales of which 2000 were for specu-
lation and export and included Al, 100 Amer-
can. Receipts 80 Coo, bales. 1900 American
EnfIlras nnened easy closed weak
The Birmingham age-herald., 1904-10-04
REPUBLIC IRON AND STEEL.
Heavy Expenditures Since organiza'
 ton of the Company.

From the Wall Street Journal.
 The expenditures of the Republic Iron and Steel company since its organization have been exceptionally heavy, and many loans with Chicago banks have been ne- gotiated It has been the aim of the management to increase and improve its producing efficiency, particularly in the line of ore. coal. coke, pig iron and steel. The extensive new work done in the Bir- mingham district. together with the cost of the new steel plant, and of the contin- uous mills at Youngstown. Ohio; of ad- ditional coke ovens; of tEe acquisition and development of ore and coal prop erties of the extraordinary replacements at rolling mills, blast furnaces. etc., con stunned the sum of more than s6,OOoOoo which was shown in the balance sheet as disbursed for new construction. of this sum almost s2,Ooo.ooo has been ex- pended in the Birmingham district alone. As a result of these expenditures the company has benefited from the stand point of net income.
The Birmingham age-herald., 1904-10-04
Southern Prosperity.

When at a recent bankers conven. ton held in New York reports were asked for as to the conditions of the various sections of the country, the most cheerful came from the south. A bank president from Atlanta stated that Georgia had never enjoyed greater prosperity in her entire his- tory. Her bank deposits are unprece- dented, cotton and peaches each con- tributing to the result. A bank presi- dent of Raleigh, N. C., spoke of his states great tobacco and cotton crops, and cotton mills, but he dwelt moro particularly upon the strawberry crop, which is fast assuming large propor- tions 4tN.s
 A Texas banker grew eloquent over the crops of his great state. No one an3ke for Alabama's mines, forests and crops, but like story could have been told in behalf of this state, the state of richest natural endowment in t south. The prosperity of Alabama is attested by the statement that one of her greatest railroads, the Louis vile and Nashville, will probably raise it's dividend rate next January.
 Not even tho partisan efforts of the towards the renewal of sectionalism and racial troubles can check the growing prosperity of the south. The brightest and sunniest part of the country will go on prosper ing until its pre-eminence in wealth and productiveness is fully restored. Before the war the south stood pre- eminent in those respects, and so it will again. Two-fifths of the country's entire exports today arise in the south, and tho time is fast coming when this section will furnish full half of the all-essential total.
 In the face of e:.- facts Roosevelt ism and Crumpackerism should hide its diminished head.
The Birmingham age-herald., 1904-10-04
odeII Useful.

From the New York Post
 Governor Ode1l is serving at least one useful purpose. He shows what the fate of a boss would be who should dare ask the voters to say what they think of him. Bosses know better than to submit them selves to a popular election. During any of the time when Platt was acclaimed as the undisputed leader of his party In this state, he could not have been elected to the humblest public office. This he well knew, and wisely stuck to his macnine and his bondslaves in the legislature. But Odell has done his best to make himset the chief issue in this state campaign, Poor MT. Higgins has thus far been so pushed Into the background that, if he does not emarge soon, people will think that it is Odell who is the republican can didate for governor Odell is making his wonderful card indexes of voters and ap- pointing deputy leaders and exercising every art of the political manager in or der-to elect MT. Higgins? Mo- to yindi- cate himself. But the gathering clouds show what sort of storm is going to burst upon the boss who seeks vindicatlon at the ballot box. We wish all the bosses would try it on in the Odell fashion, so that they, too, might get the popular verdict upon their manners and morals.
The Birmingham age-herald., 1904-10-04
HOLIDAYS HERE AND ABROAD.
New York Brokers Get More Days Off
 Than Do Londoners.

From the Brooklyn Eagle.
 comparison of the number Of holidays here and at London is interesting, and 1t will cause little surprise to some people to learn that brokers here are more lib- orally provided with days off than are the London brokers. Here during the year we get nine days that are legal holidays in the state and, besides, the governors of the Stock exchange have in recent years been quite liberal in sanctioning pe- titions that have come before them for closing on a Saturday that precedes Friday. or a Saturday that precedes Monday holiday. Our legal holidays are January 1, February 12, February 22, May 30, July 4, Labor day, election day. Thanksgiving day and Christmas day. The legal holidays are nine, but 1t Is quite probable that brokers here get at least three more In London bank" holidays as they are termed. are Good Friday Easter Monday, Whit Monday, the first Monday In August, and Christmas day and the day after, making six in all. Be- sides these, London has three holidays that are peculiar to itself. These are Jan nary 1, May 1 and November 1.
The Birmingham age-herald., 1904-10-04
Election of a President.

The people of this country elect their President, but the constitution makers of 1787 did not intend to let them do so. They in fact devised @ scheme of middlemen who should save the people from themselves. The mid dlemen or electors were to be chosen by the states, and were to act inde- pendently In the choosing of Presi- dent. Scarcely had the constitution makers subsided and returned to their homes when their aristocratic scheme utterly collapsed, and their esteemed middlemen became mere automatons to register the will of the people. The prevailing idea in the constitution of 1787 was distrust of the plain peo- pie, and a sincere devotion to wealth and social position.
 The truth is, the people were not allowed to vote for electors until South Carolina broke the ice in 1S40. Before that time the legislatures had elected electors.
 Today 1t is not absolutely true to say that the people elect their Presi- dent, for ninety out of four hundred and seventy-six electors represent, not the people, but the forty-five states In this way man in Nevada has vastly more political power than a man In Alabama or Pennsylvania, be- cause he is represented by three elect ors, two senatorial and one district elector, and the entire state does not contain one-half as much population as Jefferson county. So in Delaware and in several other small states.
 The result is, that few Presidents secure majority of the popular vote, and Rutherford B. Hayes did not re- ceiye even plurality of the vote. But MT. Hayes was counted in. In 1880, however, MT. Garfield had a bare plu- rality of 701S in poll exceeding nine million votes.
The Birmingham age-herald., 1904-10-04

cannot win is geographical. Japan .s rear the seat of war iL full control of the sea. Russia is TOGO miles away, and the sole connecting link is a poorly-oonstructed single-track rail- way, the manager of which says he cannot do more than to transport and maintain an army of 25o,OOO men. The Japanese can readily place twice that number in the field, and it is idle to say tha. Russia can win under such circumstances. Russia has but one chance to wia-she must gain control of the sea, and her chance of doing that is slim indeed. This is what she will attempt 70 do when she sends the Baltic fleet to the Far East-if she sends 1t.
The Birmingham age-herald., 1904-10-04
What fhe People Want.

Governor Cunninsaam is a courage ous. straightforward man, and he will certainly act ur to his convictions. He expressly Pays that he holds an open uind as to the expediency and need Of special session, and The Age Herald hopes the opinions of the bench, the bar and the laity will be freely laid before him in order that he may have every possible aid in decid-l ing a question of such wide and deep interest.
 The columns of The Age-Heraid are open to opinions on the subject. Such opinions should be properly condensed, for the busy, everyday man will not read a long article. Let us know what the sentiment of Alabama is. We may be sure that Governor Cunningham will not disregard public opinion. Un- like William III he does not hold that he is the state. He is the servant of the people, called upon to decide a question of far-reaching importance and heavy responsibility.
 As matters appear at present, The Age-herald believes that the interests O. the state would be best subserved by the calling of special session to lift us out of our extraordinary judi. cial muddle, begun ip the last hours of the oyerworked regular session. Endless troubles will continue to arise cut of Huntsville as well as in it, un- lea5 a special session be called, but The fge-Herald does not so much wish to impress that fact upon the public mind at present as it wishes to draw out and make plain what the people of Alabama desire. If the people de- sire a special session, Governor Gun ningham, who is first and last demo- crat, will assuredly acquiesce in the popular verdict. He will not consti- ute himself an obstacle to the popular will when once 1t is made plain to him.
The Birmingham age-herald., 1904-10-04
D-Cady Herrlck.
ne Ra1tinnnre Herald.

From the Baltimore Herald
 Judge Herrick, the New York demo- crats nominee for governor of that state, comes from old Holland stock And he comes from a democratic stronghold. His birthplace was Schoharie county, and Schoharie county was about the only county in the state which went for Bryan in 1896.
 Judge Herricks father, Jonathan, was a banker and was a democrat. So was Jonathan's father, Daniel, before him. Although he had banker for father, this did not mean that the future candi- date for governor should depend on his father for a livelihood. He went to AL bany and studied law, and his rise in life was due almost entirely to his own ex- ertions.
 Judge Herrick's name is not Daniel Cady, or Donald" Cady, or David Cady. It is just D-Cady. It has been popularly supposed that he was named after Judge Daniel Cady, noted jurist who was a relative of his stepmother But this belief Is erroneous. He was named after David Cady, a merchant of Amsterdam, who was great friend of the family. Judge Herrick's father had an aversion to two given names. so he took the ID" of David and coupled it was hyphen to Cady. constituting D. Cady.