davidaulloa/AmericanStories huggingface dataset:
The Montgomery advertiser., 1904-11-10
LoyEMAs 2 CO.'S COTTON LETTER:


 election had but little influence upon the cotton market today. Liverpool. however. at one time showed an advance of points when compared with closing of last Monday for both spots and futures. In consequence of the improvement abroad. American mar kets opened somewhat higher. New Orleans about 5 points up with January 9.92. which proved highest of the day. The lower range of values thereafter developing in Liverpool where all of the early advance was lost. the English market closing points lower than yesterday. while spots there remained in fair demand; sales, 1000 bales; mid ding, 5.4s.
 trfeuted to the lighter receipts. at all ports since Friday 253.47s, against 3o5.372 for cor responding time one year ago. having been discounted as well President Roosevelts election. says our Liverpool cables of today. There Is but little activity in the spot mar kat- Weather conditions in belt were fa- vnrabIe for picking and opening of late cotton. If there Is any remaining unopened. These conditions have prevailed since open ing of the week, & and &.s are % likely to prevail Ii predicted for scattered sections of the cent rai and eastern belt by tomorrow. At no time during the session had market any snap. notwithstanding movement to market showing some signs of falling off. promis- ing about 52o.o0O at this time. against ESQ., GOO corresponding week last year.
 Next week will be another full movement cs 1908. which we will have to compare with. There are prospects of the cotton mills of Fall River resuming next Monday providing operatives return to work at the reduced scale of 12h per cent in wages The uncertainty of the election have been removed and conditions. industrial and financial. are about to assume their normal state. which should have offered more en- couragement to longs who still have faith fin higher prices. be the crop large as the biggest of estimates The absence from the market of the spinner and the specu- intive public Is permitting the market to sag. but both will be quick to put in ap- pearance upon slightest inclination that movement Is to continue light, when there would be buying a general scale by the investor as well the consumer. The steady rise in securities. which is a refIec- ton of the peoples confidence in the fu- ter trade conditions to follow in this country of peace and plenty. The easier tendency of today's market. closing IS points lower than opening. is no guarantee that longs have given up the fight Spots closed quiet and down 1-1ec; sales, 2,300: to arrive 800 rnidLlings, lI-16
The Montgomery advertiser., 1904-11-10
Nrvv ORT,EANg urf.

NEW UHLEANB SUGAR.
 NEW ORLEANS. Nov. 9.--Sugar strong; plantation granuiated. 4&c; open kettle cen. trifugal, -s% 14kc; centrifugal whites. 4Hci yellows. 4@4kc; seconds. 3K@3 13-lsc.
 Molassss-open kettle, 27@ zoe: centrtfu' gal d292 2sc.
 Syrup. 2SM3Ic
The Montgomery advertiser., 1904-11-10
io. ?. PIERCE $ CO.'S COTTON LETTER.


 NEW ORLEANS. Nov. s.--The cotton market in Liverpool evinced disposition to improvement during the time our ex- changes remained closed on account of cleo tion. but the moderate gains were complete ly lost in the last hours of trading today, and options closed unchanged from Mon days levels. Cables advised featureless market; Manchester reported a good demand for cloths and yarns stocks diminished with more doing for late delivery.
 The early indications of a better market here offered longs an opportunity for real ixing. and. although the selling was not in exteRded volume, it was sufficient in the absence of speculative support to cause a moderate decline. Outside Southern trading continues light and Eastern operators have in a measure transferred their interests from cotton to stocks. Prices will be prin- cipally influenced for the immediate future by comparison with last year. Port re- ceipts. largely under the pressure of heavy exports. continue fairly large, but the in- terior towns are beginning to show a slight ly diminished movement. As the crop Is possibly large one. this may be partially due to the holding of cotton by planters who have sold a sufficient proportion of their crop to meet necessities. but If the diminu- tion is marked. improved prices will be ob- served. A large crop is required and with a further revival of general trade conditions. mills will be amply able to pay fair prices for raw material
The Montgomery advertiser., 1904-11-10
LOCAL COTTON MARKEr.
IIYERpooI. COTTnN FIrrI1REs.

LIVERPOOL. Nov. g. - Cotton futures 'pened quiet and steady and closed barely teady American mjdiiinR IT. O. C.
The Montgomery advertiser., 1904-11-10
The leading futures ranged as follows: ARTICI ES Onen High Low C,io,

Cash quotations were as follows: Flour-Easy.
 Wheat-No 2 spring, 1lO@iI5; No $, I.lOdI.I2; No. 2 red. 1 .t5& 61.l7.l Corn-No ,. 54d5ss; No. 2 yellow, S9 ls oats-No. 2, 3lh: No. white. Si 14 S2: No. white, s0% @slA.
 Mess pork. per bbl. 1i.25.
 Lard. per 100 lbs. i2h Q7. Is. Short ribs sides. loose. 5.0O97. 1ah.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-01-23
LOCAL MARKETS.

As was expected cotton went over the
IA cent mark In Birmingham yesterday
and was selling for 10 cents In New York.
Comparatively small sales were reported
yesterday on account of the inability of
farmers to get cotton to market. 1t
usually takes two days to make the trip
from the outlying districts and return
home. On that account the rainy wealth
err kept many at home who would prob
ably have brought in cotton yesterday.
Although Friday is usually a lively day
in the cotton market there was little
doing yesterday on account of the scar
city of the staple. No special excitement
is reported In local speculative circles
in spite of the activity at New Orleans
and New York.
Stocks and bonds closed quiet with
prices steady and only one change re-
ported Bessemer Land and Improve
ment company stock is quoted at 1925.
Bonds closed unchanged
No Developments of special interest are
noted along Morris avenue. Peanuts are
selling for 61Ac. per pound Irish pota-
toes are up to $1.10 per bushel.
A fair business In fruits is being done
but all prices are holding steady
No features in local staple groceries are
reported. The market is quiet.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-01-23
Baxter q Co.'s Cotton Letter.

New York, January 22.--Straglers who
failed to enter the market in the expec-
tation of an opportunity to buy at big
decline were on the anxious seat when
the market opened. This was caused by
an unexpected squirt In the Liverpool
market prices there showing one of the
best gains of the season. Heavy buying
set in which lifted our market sharply
Shorts were anxious buyers and people
who considered prices high at 70 cents
were inclined to take a good quantity at
14,50 to 1870. AS to the developments
over night there was nothing new. Every
body wanted to buy according to the stu
alton as ii has been known for some
time. independent of what may be known
hereafter. 1t was being recognized that
cotton would be scarce as the season adj
vanced because the crop had not been
made to supply the demand Most bull
lish news came from Europe today, in
dicating that the trade was gradually
wheeling into the bull column.
The market was well supported during
the forenoon, although there was enough
profit taking to prevent any squirt of
magnitude. One feature was an early
rise to Is cents for July Liverpool
showed an advance of 10 to "a points with
tone steady The south sent many bull
fish points on the movement from now
on. Houston expects small receipts to-
morrow. The insight movement was
223,O0 against 10000 last year.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-01-23
Cochran g Co.'s Cotton Letter.

by \. w. Lee IL co.
New York. January 22.-The market
has at length worked into new ground
and is as usual under these conditions,
professionals have been active buyers.
AS soon as May crossed 1926 the previous
high point, large blocks were bought con-
fidently for over 10 cents. This line of
reasoning seldom II ever fails and all
opinions are put In the back ground as
soon as the reading of the tape shows the
signs of the times.
After prices crossed 1425, 1t required
very little experience with speculative
markets to decide that the market would
work considerably higher. This, 1t has
done, and while speculation has not been
on a broad scale. the interests In control
of the situation have been able to take
all the cotton and keep the upward move
In progress. The situation has now passed
beyond the scope of ideas and opinions.
Prices are at a figure where almost any
thing may happen at any time.
IT is not that there is any change In the
position. On the contrary cotton Is as
strongly held today as il was three cents
a pound lower. But when values reached
a point where the consumption of the
world is being reduced daily, then those
who are bulling a staple must begin to
reckon with that almost determinable
law of supply and demand. There will
holders to estimate the price at which
cotton can on longer be taken for ordi-
nary purposes. The point beyond which
prices would be imitation. We are glad to
say that very healthy inclination to take
profits exists in commission house circles.
While knowing the prices are likely to
go higher holders have taken advantage
of advance to cash in We cannot advise
speculative buying above IA cents. We
can see as readily as anyone in the trade
that in the event of crop of 100000 900
we can have 16 cents and II cents cotton
but this price is to be obtained by the
larger spectators and by the holder of
actual cotton. 1t is not an aim for which
the marginal Spectator should strive.
Since the market started In September
until just before the price reached IA cents
on the last advance, we have endeavored
to call attention to the merits of cotton
as basis OF bull speculation From now
on regardless or condition. or news Or de-
velopments of any kind, we do not wish 10
advise anyone 10 buy cotton at IL cents.
After steady rise OF cents a pound.
tho advance may eliminate Ike thief In
the night. Cotton has now ceased to be
attractive a field OF conservative In
vesfment
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-01-23
The Metal Market.

New York, January 22.--Tin underw emf
a severe break in London today. Spot
declined Ell It's Sd to ELY rs Sd and flu
lures were 81 Is lower at 912S IS. The
decline was attributed chiefly to specu-
lative influences but was followed to some
extent locally. where spot closed at 2sQ
$50. Copper was also easier in London
spot declining rs Sd to esq lis Cd, while
futures were lower at a56 15s. Locally
copper was unchanged. Lead was also
unchanged here but declined y Sd to eli
13s 90 In London. Spelter was steady al
$4.90Ms5.05 in New York and also unchang-
ed In London. Iron closed at 49s sd in
Glasgow and at Ais sd In MiddIesboro,
Locally iron was unchanged and more
or less nominal.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-01-23
The Coffee Market.

New York, January 22.-Coffee, spot Rio,
No. invoice 7-1sc Mild, firm. The mar
ket for futures opened steady at an ad-
vance of 5d10 points, and ruled increasing
ly active with good demand from vari-
GUS sources. due in some measure to the
frmness Of the French market Receipts
also were light and with street people
reporting a continued good demand for
spot coffee. The market generally ruled
steady to firm in spite Of liquidation The
close was firm 10d15 points higher with
sales of 256,Oe0 bags. including: January.
1870; February. s7.5597 So; March. 81 $50
$780, April, s7.s5; May, s7.9ofis10: July, IS. 20
1855; September. IS. 45ds55; October. IS 80;
December, s.. 707SS0.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-01-23
Liverpool! Market.

Liverpool, January 22.-Moderate bust
ness done in spot cotton; prices 20 points
higher; American middling fair, S26: good
middling, $40; middling, s; low mddling,
7.94; good ordinary. 1884, ordinary, 1854.
The sales of the day were 5000 bales, of
which 500 were for speculation and ex-
port, and included $500 American receipts,
900 bales, including II. 300 American Flu
lures opened and closed steady; American
middling, g. o. c.: January, 7.s1; January
February, III; February March, 776:
March-April, 7.75; April-May, 7b3; May
June, 7.71@7.72; June-July, is; July-Au-
gust, 7.64; August-September 746; Sep
tember-October, 6.s1; October November,
6Gg
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-01-23
GOOD DEMAND FOR
SPOT IN THE SOUTH
SensationaIIy Strong Cables
Cause Firmness
OUTSIDE BUYING ORDERS
Rumored on the Call That the Local
Bull Leader Was Selling and the
Market Showed Reac-
tionary Tendency.

New York, January s2-The cotton mar
ket opened strong at an advance of 6@21
points following cables that were sensa-
tionally strong In regard to spot cotton,
estimates pointing toward continued light
receipts, and reports of good demand
for spot cotton in the south at the higher
prices.
At first the market was exceedingly ac-
tive and tremendously excited with
better supply OF outside buying orders
than for days past. On the other hand, the
initial advances bringing the active
months to nearly 15c caused heavy liqui-
dation.
1t was rumored on the call that the
local bull leader was selling, and for the
first ten minutes or SO the market showed
reaetionaryi tendency. But soon the
market was rallied, and before the end of
the first hour July had sold at 15c.
Trading became less active as the ses-
sion progressed, due in part no doubt to
the poor wire service In all directions, but
while there were frequent intervals when
liquidation would depress prices a few
points, the market, generally speaking,
ruled very firm, with March selling up to
1475; May to IA. and July to IS os. There
prices were net advance on the positions
named of 22f925 points.
The liquidation attracted, however, was
not sufficient to force a materially lower
level, and the market. while finally barely
steady, was within a few points of the
best and net 12635 points higher on the
general list.
Sales were estimated at 500 900 bales
The advances were encouraged by the
weekend statistical showing. which in
dicated an insight for the week below
early estimates, while the total crop in
sight for the season Is now about 20, 600
bales behind last year. Exports for the
day being large, also had a bullish in
fluence.
New York. January 22.-Cotton quiet
middling 1476; net receipts, 305; gross,
DIG; sales, 1906; stock, Tiles; exports conti-
nent 1926.
Total today net receipts, q, 1853; exports
Great Britain, 1891; France, IL, 55T; CONT
nent 24,140; stock. 1885, All.
Consolidated, net receipts, 1859, 228 ex-
ports Great Britain, 44,406; France. $780,
continent, 12S,966; Japan, 100; Mexico, 1T02
Total since September l. net receipts, b.
so1,s59; exports Great Britain, 1,7O5. s21 ;
France. 55o,994; continent 1894 542; Japan,
80, 665; Mexico, 20.246
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-01-23
Caldwell & Wards stock Letter.

BY Miller & Co.
New York, January 22.-Further
strength and activity and an even wider
distribution of business characterized the
market today. A sharp selling movement
for time took place on the news of the
failure Of a private banking house In
Cleveland, but when 1t became apparent
subsequently that the failure was unim-
portant and carried with It no reflection
upon general financial conditions, the
market steadied up. The news Of the day
was highly favorable, there being con-
tnued relation at the monetary centers,
and the utter absence OF acute foreign po-
litical Developments. Large financial IN
terests are supposed to have been the
buyers in steel alone. Recognized Morgan
brokers' were heavy purchasers OF both
common and preferred One important
factor in increasing the optimistic feel
ing was the decided success recently met
by reliable companies In negotiating bonds
for Improvement and other purposes. The
market closes with good net gains for
the day.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-01-23
Caldwell g. Wards cottor Letter.

By Miller g. Co.
New York. January 2a.--The market
opened irregular hardly showing as much
advance as expected. Some selling and
heavy realizing at the opening temporar-
lily checked the advance but the selling
power was soon exhausted. The situation
and sentiment has been very bullish all
day and there heing more free buying
around these prices than for some days
past, though stormy weather has dis
turbed wire connections We have re-
peatedly called attention to the advan-
tage offered by straddle between Aug
ust and October. This option was selling
the first of the week $40 points apart 1t
closed tonight about $50 with every indl-
cation of this difference narrowing down
to at least 100 points. AS the option be-
comes more active the spot situation Is
becoming critical and the efforts Of the
short interest to cover are great factors
in boosting this market. On New York s
close tonight Liverpool is due to come 2
to points up Saturday morning.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-01-23
Comparative Lotton Receipts.

New York, January 22-For the week
ending Friday, January %, net receipts at
all United States ports during week. 159,
22S; net receipts at all United States ports
same week last year, 2223S4; total receipts
since September /, 5.SO1,S95; total receipts
to same date last year, 5,664.971; exports
for the week, 1914S4; exports for same
week last year, 1864; total exports since
September 1, 42s5, 1853; total exports same
date last year, 1853, 464; stock at all United
States ports, 1856 All; stock at all United
States ports same time last year, Loss, SGT;
stock at all interior towns, 1859; stock at
all interior towns same time last year,
471,706: stock at Liverpool, -; stock at
Liverpool same time last year, 636,0O0,
stock of American aioat for Great Brit
ain -; stock Of American af1ost for
Great Britain same time last year. 221, 900.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-01-23
Cotton seat OIL,

New Orleans. January 22.-cottonseed
oils lrmer. Prime refined In barrels, s5la;
off refined in barrels 34ia; prime crude
loose 30.
Memphis, January 22.-cottonseed oil,
carload lots, per gallon; Prime crude.
2s1k; off crude, 2eq2S; prime summer yell
low, 32lSGss; choice cooking summer
yellow, less than carload lots, AZ; cotton
seed meal, prime. s2O.50qs2e7 IS; of, $3.50
4s2O00; eottonseed cake, prime, 5000
New York, January 22.--Cottonseed oil
steady, prime crude nominal; yellow, S6ls
1S6% Petroleum steady. Rosin quiet,
strained common to good, $3.50 Turpen-
tine weak
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-01-23
Bonds.
Money on Call.

New York. January 2.--Money on call
easy. 1NG2 per cent; closing bid. IL of
fered at per cent: time loans easy: sixty
days, 8 bid; ninety days, 3ia bid; six
months. 4M414.
Prime mercantile paper. 414d5 per cent;
sterling exchange easy. with actual bust
ness In bankers bills at 485 956f48s for
days. posted rates. 4S3i5r4s6la; commercial
bills, 4S3, Bar silver. 55ss Mexican dollars.
49, Government and railroad bonds ir-
regular.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-01-23
The Live stock Market.

Chicago, January 22.-Cattle, receipts.
25,O00 Steady Good 10 prime steers, s4.so
d5.65 poor to medium. 81. 2504.50; stockera
and feeders, $2Q4: COWS, $1.5044; heifers
175045O; Gamers, A.5o92 IS; bulls. s294;
calves. s34410
Hogs-Reeeipts. 21,o00: good to choice
heavy. s5059520. light, s46o94s5; bulk
s4s595.05.
Sheep-Receipts. 5000 Strong to 10 cents
higher. Good to choice wethers A.109460;
fair to choice mixed. $S.25a4; western
sheep, sS.5on4.35. native lambs, s45OQ6;
western lambs. s415@5.ss.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-01-23
Total Net Receipts.

New York, January 22.-The following
are the total receipts of cotton at all ports
since September 1: Galveston. 1,977,s62;
New Orleans, 1,510910; Mobile, 174, 1874; Sa-
vannah. 97S,S02; Charleston, 1915; Will
mingtou, 301,977; Norfolk, 375.S35; Balti-
more, 1896; New York, 27d12; Boston. H.
255; Newport News. 6S52; Philadelphia,
$500; Brunswick. 1886 Pensacola, 103,sss;
Port Arthur. 1876; Port Townsend, 24,213;
San Francisco, 1862; E Paso, 400; Eagle
Pass 4143; Laredo, A40 Total. 5,s01,s95
ha1ae
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-01-23
Daily Statement.

Galveston-Firm; middling, 1ns; sales,
1908; receipts, 6667; stock, 1852
Mobile-Firm; middling. a.; sales, 800;
receipts, 119; stock, 21.003.
Savannah-F'irm: middling 14ss; sales,
1884, receipts, 2519; stock, 1886
Charleston-Firm: middling, 14ss; sales.
7oo receipts, S67; stock. 1888
Wilmington-Steady; middling, 1s7k: re-
ceipts, ia; stock, 17,25s.
Norfolk-Receipts, %; stock, 1S,115
Baltimore-Nominal; middling. 4s7; re-
celpts, 1909 stock, 6s05.
Boston-Quiet; middling $780, net re-
ceipts, 800; gross, s470.
hiladelphia-Steady middling, 10; re-
ceipts. 219; stock. SILL
ST. Louis-Firm; middling, 49,; sales,
S21; receipts, 1861 stock, 22.6l7
Memphis-Firm middling, Il S-16 re-
ceipts, OF; shipments. 1870: sales, 5000;
stock, SO, $751;
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-01-23
Caldwell & Wards Grain Letter.

BY Miller & Co.
Chicago, January 22-The grain market
was dull today owing to the lack of
efficient wire service. Wheat was lower
on article Of Modern Miller which de-
clared that the drought in the southwest
was practically broken. Corn was also
somewhat lower for the day. Ninety per
cent of the arrivals at Chicago would not
grade, and we still maintain that contract
stock Is SO small, and what is coming in
so poor, that we see nothing ahead but
higher prices.
Five thousand less hogs than expected,
which influenced higher prices for pro-
visions Lard was especially strong, and
we look to see it sell at cent pound
higher. There are only 1900 tierces at
Chicago and the packing season Is more
than half over. Furthermore pure lard is
practically as cheap as compound, and we
would rather buy lard than anything
else.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-01-23

cotton by spinners Throughout the world
as follows in round figures:
This week $4,000 this year, against 2sl,-
900 last year. $4,000 year before last
Total since September I this year 5,0s2
OOo against 5,2560oo last year. and 4,es1. 900
year before last.
or this northern and Canadian spin
ners took 1,25s,0o0 bales, against 1,2a' 900
last year, and 1,30e. 900 year before last
southern spinners $3.50 against $4,000 last
year, and ZOO year before last, and
foreign spinners 2 $4,000 against s,021, 600
last year, and 2,S10,000 year before last.