davidaulloa/AmericanStories huggingface dataset:
The Montgomery advertiser., 1904-04-05
<. -s B. peer's Cotton Letter.

fRy Private Wire to Caldwell. Ward & Col
 NEW ORLEANS, April 4-Our market opened to higher on old crop. months in figures, but declined to on the new. ow- ing to general heavy rains in Texas. When the weekly amount brought into sight is- known they were so bulllsh as to occasion fresh buying. which caused additional ad- vance of 20 'to 24 on the near months. Real izing later in the session superinduced a de cline of about l9 from the top. Near the close, though, the steadiness of spots was in- stTumental in establishing a slight advance old crop options. whereas the new were un- changed to points higher.
 The amount brought into sight during the week was 69. GOO, against I5s,uoo last year April ! inclusive. e,2i LOGO against g. 547.- 900 last year. The total visible supply of all kinds during the week decreased "A, ooO. which the decrease in American was 67. 0oo against 66, 900 last year. The total visible supply of all kinds is now 3, 62 900. against fore last. The aggregate visible supply of year and 2, s3o. ooo year before last past week are l36 900. against 2 L9 ooo last year, and their total takings from September lst to date have been 7622 900. against 7, ing consumption of 10, 4B5 900 for the sea son on the f;Se of the takings. The move ment on It's face points to a crop of o.392.- GOO; therefore it will be seen that If spin out 1t will be imperative to draw on the ,- le2 GOO left over from last year in the vs- ihle, and Invisible supply In other words position will grow stronger from week to week 1t is also apparent that spnners hold the key to the situation. Their future action will be the principal factor in regulating values. Such being the case. the demand for spots is to be watched closely for the balance of the season
The Montgomery advertiser., 1904-04-05
New Orleans Cotton.

NEW ORLEANS. April 4-Good inquiry from spnners. but the hrmness of spot holders cheeks movement, They. decline to make 400 to arrive. Quotations advanced k.
 Futures opened steady with prices 3@I3 points higher Some few buying orders were In evidence and leading bulls readily took all offerings. which were extremely limited and prices went skyward. July reaching the IS cent mark. The weekly into sight figures were extremely bullish and caused furry of long buying and short covering. These fig ures, however. were offset by the visible sup ply figures which were bearishly construed by shorts and room traders were sold the market heavily on them. This caused wide recession although at the lowest levels prices were still we'll above the closing figures of last week. It was said that Liverpool was buying both in the local and the New York markets. Bullish sentiment was strong and was added to by the cold weather in the belt
 the light movement and the reports that spin ners were making anxious inquiry for spots Tn the trading May first advanced l5 points above Thursdays close to i5.3 .3S, de- elined to lb3l. advanced to l5.54: declined eiined again to I5.4o. The market closed firm. the old crop positions being 2 @'.t
 were unchanged to 3 points higher.
The Montgomery advertiser., 1904-04-05
Virgin 6 Fuunce'a Cotton Letter.


 NEW YORK. April 4.-There was an ir- regular opening to the cotton future market to day First prices were points lower to 6 points higher. There vas firm under tone. however and supporting orders were soon forthcoming, The foreign houses had buying orders on this side and the South also was q buyer. the demand being based on the small fin sight" figures foT last week and the indications fir contiEued light receipts The weather in the South. however, was more favorable than looked for, and the visible supply statement. in connection with the de- crease in sight, showed a considerable falling on in the absorption of cotton compared with the same week last year. Hence on the better levels there was some selling on the raction theory. There a rather indiffer- ent spot demand and some of the mills were reported to have entered an agreement to shut down one day a week in tn hope of be- Ing able to keep the price of spot cotton down. Shorts took advantage Of ali low points on which to reduce their commitments and the buying from this source at times during the day was quite substantial The general mar kot during the greater part of the day was rather quiet. with many traders indisposed to enter into new commitments pending fresh developments, The late market was a little irregular, but on the close there was a rather firm undertone The estimated port receipts for the day were 5000, against l2, 675 for the same day last year.
The Montgomery advertiser., 1904-04-05

ders came from that side of the purchase of fall deliveries, which conformed soMewhat with weekly trade reports, wherein asten. .,on was called to the development .. invs .r . cneerIuiA conditions on the continent ais1 'ne prospects of better business in all branches.
 trading here was conducted on moaerase sse scaiet but the light movement furnlsneu tns basis for higher prices The spot department remained in comparative idleness through "a oesire on the part of intending buyers 70 Know more about probable happenings in the Ens- fish market and q display of indinerence on the part of holders about selling The result was small transactions, but the tone was no worse on that account. The movement con tinues to dwindle at an alarming rate. The amount in sight for past week fell short of last year by e4 GOO bales and a few more reductions of this kind will bring crop ideas nearer the census calculations.
 At any rate there is little hazard in predict ing q substantial. additional rise In prices on the first sign Of an improved spot demand. and meanwhile there is little fear of serious break. with the movement diminishing to
The Montgomery advertiser., 1904-04-05
New York Coffee and sugnr.

steady; No; 3 invoice, 6A Mid steady; CN dova, Io@I3.
 5 sdgar-Raw firni3 fair refining. 5-32: cen trifugal 96 test. 2 2i92; moIasses sugar. 2 29-32 Refined firm. r.
 Cofree futures opened steady at unchanged prices. Owing to the continued holidays abroad there no official advices from European markets and the days cables from Brazil refiecting unchanged conditions con- tained no incentive for trading either way. There was some buying here for European .ae- count. but there was enough coffee offering to supply these demands and the market showed little feature or activity until near the close. when there was little spur of demand and the close was steady at unchanged pared with year before last of I49, GOO, and OOo bags Including May at g. 60; September. o O56to IS: December 6. 40,
The Montgomery advertiser., 1904-04-05
Caldwell Ward 0 Co.'S Market Letter

NEW YORK. April 4-Though we have had a narrow, hneventful cotton market, it has held strong all day and closed around top prices with every evidence of continued ad- vance. Last weeks report and the estimated figures for this week are very bullish and though there is small spot business reported from the South, holders are confident and de- manding full prices. The market shows an advance of M to -l6 to-day. Business is light trading public yet holding off, but there was some buying for the new crop months, particularly October and November. The South was heavy sellers, though. early last season and we expect to see October and De- cember sell much higher On New York s close tonight Liverpool is due to come i2 up Tuesday.
The Montgomery advertiser., 1904-04-05
Kansas City Live Stock.

KANSAS CITY, April 4.-Cattle-Receipts 5 500. including 1000 southerns Market loc higher. Export and dressed beef steers 4 5oQs %; fair to good. 3:5oa4 40: Western fed steers. 3 .6od4. 4o stockefs and feeders sooa4. s5; Southern steers. s.s5a4. 10; southern cows, 25o@s. 25; native cows 2 5o9S 75; calves. 2 .75a6 50.
 Hogs-Receipts, 5000. Market 2bQsc higher. Top. 5.35 bulk of sales, 5.i5@5 2S; heavy. 5,25@5. 35: packers, 5sI2Aa5. 2Zs; figs and lights. 4.25q5: IS.
 higher Native lambs. s.ooa5.7s; WesteTn Tn lambs. 5.2545 s5; fed ewes. 4.2oa4 75; yearllngs, 4.75d5.25 stockers and feeders. 5 3.00Q4.25.
The Montgomery advertiser., 1904-04-05
Receipts at Ports.

NEW YORK. April 4.-Reeeipts at the ports to-day. e,35l bales. against l.47l last week and 2675 last year For the week. 50 uvu bales against 55. 342 last week and 72.448 last year. To-day's receipts at New Orleans were 2. 66o bales, against 6,335 last year. and at Houston I,6Ss bales. against 2,37o last year. -'t 'tt '.-f
The Montgomery advertiser., 1904-04-05
THE COTTON MARKET
BETTER CROP WEATHER RE-
 PORTS nECkls 60.
q Strong Disposition to Buy Futures at Every Soft Place-Close
 Was at Best
 & Level,

New York, April 1.-The cotton market opened irregular at decline of s points to. an advance, of 6-points, the declines being due to the liquidation as aresult of rather peter crop weather advices, while the gains were on the bu1lish showing. of the weekly in sight figures
 At first there was considerable selling for room account, but the call was fairly completed the whole market had steadied up on the prospects for continued light receipts buying by houses with Liverpool connections and support by New Orleans bulls. There was no Liverpool cables ow- ing to the continued holiday. Commission houses had some orders on both sides and they left the market almost entirely to the local professional contingent aside from the foreign and New Orleans buying already noted. . - -
 After selling about 10 points net higher on the active months profit taking by the scalping crowd eased the market slightly but it again rallied and while more or less irregular ruled generally steady to firm during the afternoon on expectations that the small insight figures for the last week would thave bullish effect on Liverpool which will reopen for business tomorrow. On the other hand the de- mand from spinners according to all &C., counts is at a standstill, leading the ap- prenensions that consumption has already been cut down to harmonize with produc- non and there seems to be a more or less general feeling that an advance of mo- nient must be led by a better demand for spot cotton. It was also pointed out that the decrease In the visible supply of American cotton for the week ac- cording to The Chronicle was only about 1000 bales greater than the de- crease for the same week last year while the decrease of nearly 7o.OOO bales into sight for the week, as compared with last year shown by the figures of the New York cotton exchange. would indicate that the absorption from visible supplies Tor the week had been about 6, coo bales less than for the same week last year and at the same time bulls contend that bulls must sooner or later enter the spot market; that receipts are running SO small as not to put pressure on the mar ket
 There was a disposition to buy on all soft spots that closed the market steady With prices at about the best level of the session or net unchanged to 19 points higher: the chief gains being on the old .rop months
 Sales were estimated at 25O,e0o bales. Receipts for the day were light and es- hmates for tomorrow moderate, while es- inmates for this weeks into sight ranged around S5,000 bales compared with about t2100o bales last year. Exports continue small
The Montgomery advertiser., 1904-04-05

BosToN-ouiet: mlddling. IS s5; net re- ceipts, I03; gross. VI, PHILADELPHIA middling, is7o; stock, ,990
 ST: LoU1s-ouiet; middiing, l5h receipts. LBS; stock, l5,o56.
The Montgomery advertiser., 1904-04-05
Daily Cotton Market.

NEW YORK, April 4-Cotton dull: mid ding. t5.45; net receipts, I7o; gross re- esipts: i.224; sales. s:so; stock. Ioe, e,4s5; Net receips. 935i; exports, to Great Brit ain, 325s; to continent. 2,e3s: stock, SEQ = POI. consolidated Net receipts, i5,7L5: exports. to Great Britain 3,45S; to continent 2S2s. Total s since September. f.: Net re-' cetpts 6.I23.3lo: exports, to Great Britain 2,os4 s2o; to France ee .7o4; to conti- nent 2.3ss.ls7; to Japan, 3s,o2I: to Mex
 NEW ORLEANS Cotton quiet and steady. ssles. 400 Ordinary, !3i good ordinary. !s S-l6; good mIddling, 5%; mlddiing fair, te Receipts: 2.eeo; stock 29e. .454.
 stock. 26.234.
 MoBILE E.Nominal; middling. IA I5-t6; ssaAVANNAH SAVANNAH H..saFirm; sa; middling; I4A; sales.
 CHARLESTON.-Firm middling, I4%: re- eeipts, 2; stock. 8. 943.
 lo3 ''N' 0'
 NoRFoLK.--Receipts, 2.soo; stock I2.Ies.
 BALTIMORE.-Nominal middlinE i5: re- seipts. l75: stock, 396e
The Montgomery advertiser., 1904-04-05
C. E. Pierce M Co.'S cotton rAttat.

CRv Private Wire from Gilbert & Ciay.l
 NEW ORLEANS, April 4.-Cotton was a quiet commodity to-day, but the tone of prices was distinctly steady and sentiment leaned perceptihly to the bull side. Liverpool was still in holiday. though a fair quantity of ore
The Montgomery advertiser., 1904-04-05
New York nrv Gooda.

NEW YORK, April 4.-Buying in dry goods has been on a very limited scale and in spite of concessions buyers are not interested ex- cept for immediate requirements. wht3h are very small in the aggregate. Jobbers do- ing an indifferent business. but are sanguine of an improvement under better weather con- ditions
The Montgomery advertiser., 1904-04-05
New Orleans surar.

New UrIeans sugar.
 NEW ORLEANS. April 4,-Sugar steady; open kettle. 2%G4 l-l6; open kettle centri- fugal 3a3M: centrifugal whites, 4kd4-: yellows, 3k94: seconds, 2&G3h. Molasses nominal; open kettle. 2oa26; centrifugal 10 4t5. Syrup nominal 2o425.
The Montgomery advertiser., 1904-04-05
Taking of American Cotton by Spin
 ner3 Throucnout the World

NEW ORLEANS April 4.-Secretary Hes ter gives the taking of American cotton by spinners throughout the world as follows. in round numbers -s4@
 2ie. 900 last ssyear and 2oe 900 year before last. -... -.
 Total since September lst, this year (xxl7,- 622 GOO. against '. 996. 900 last year, and T,- 4O4. 900 the year before. . t.
 Of this Northern spinners and Canada took | i,S93, 900 bales this year, against l.Si7 .uOU last year. and 1882 o0o the year before; Southern spinners .463. 900 against ' .4o4.- 900 last year, and i.25s. 900 the year before; VI 900 last year and AS IA, 900 the year be- fore.
 correction, which is added to the total since September list, but not to this week.
 tion.
The Montgomery advertiser., 1904-04-05
St. Louis Provisions.

St, LOU1S ProV1SlonS. ST, LOUIS. April 4.-Flour dull. unchanged. Whiskey steady. .32h. Pork lower. jobhing, 20 Lard lower prime steam, 6. .55 Bacon lower; boxed extra shortA 7.62h: clear ribs, 7.62h; short clear. 7s7h.
The Montgomery advertiser., 1904-04-05
O. B. Pierce m Col. Cotton Letter.

NEW YORK. April 4.-The market was very firm to-day. In fact 1t was surprisingly firm in view of the small business. When there feature proved to be the buying for European
 New Orleans ran up. to l6 cents for July. and this was 55 points us. Some Of the very best and most conservative men on the floor were buyers early on the small receipts. There is no doubt about the movement being sensationally small One does not see how Europe Is to get the cotton necessary out of this crop. AS long receipts are so small and point to no more than a l c, 800, 900 bale crop, 1t Is hard to see how the market can so down very much
 We want every one to be very cautious about trading in the market at these figures But we cannot see anything but famine ahead this season. People who circulated bear circulars at eA cents last fall and talked of the advantage of averaging on scale up are still talking bear. If Liverpool moves up. prices here will advance '..
The Montgomery advertiser., 1904-04-05
New Orlee, Cotton Futures. NEW ORLEANS, April 4-Cotton futures
- The Cotton Movemen,

NEW YORK, April 4.-The following sta tistics on the movement of cotton for the week ending April 1 were compiled by the New York Cotton Exchange:
 WEEKLY MOVEMENT.
The Montgomery advertiser., 1904-04-05
Totnl Net ReceIuts of Cottor

NEW YORK, April 4.-The following are the total net receipts of cotton at all ports since September lst:
The Montgomery advertiser., 1904-04-05
New York co,ton Futures.

NEW YORK, April 4.-The following were
 the quotauons ei. the Cotton EAcnaiise to.
The Montgomery advertiser., 1904-04-05

Ne79 York Stock List.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1904-02-02
THE EXPOSITION LOAN.
House Committee Told Why It Should
Recommend Loan of $4,e00,000.

Washington, Feb. IAN extended
explanation of the proposed loan of
s4. GC0,GG9 by the government to the
Louisiana Purchase Exposition Co,
wa; made, today. by David Il. Fran
els, president Of the company, to the
House committee on industrial arts
and e4positions. Preliminary to his
statement, Chairman TaWney an
rOunccd that the Senate committee
had the matter under consideration as
an amendment to the urgent defcicn-
cy bill. 1t was proposed to have this
amendment introduced in the House in
the form of Il bill. The hearing. today.
vas, he said. to permit members to be
Informed as to just what action is TAX
on in the Senate. The amendment I'M
Ger consideration in the Senate pro-
vided for a loan of $i,G00,0O0 to the
Exposition Co.
Mr.. Francis reviewed the enterprise
at length. III acreage he said, it
euualled the Chicago, Buffalo and
Paris Expeditions combined. With the
| loan now asked, the exposition would.
he said, represent an expenditure Of
| $40 c00,U go.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1904-02-02
ABSOLUTELY NO."
Anti Trust Amendment Not introduced
With Administrations Approval.

Washington, Feb. attorney Gen.
Knox, i'll answer to inquiries az to
whether the bill recently introduced
into the Senate to amend the inter-
state commerce and antitrust laws so
IS to enable contracts to be entered
into in reasonable restraint of COM
merce, was introduced with the knowl-
edge and approval of the administra-
ton, replied absolutely no.
In response to question as to his
views on the wisdom of such an
amendment OF the law, he replied:
Just one year ago it was proposed
to offer as an amendment to one of
the pending bills in Congress exactly
this same measure. At that time the
President requested an expression of
my views as to the proposed amend
ment, with the remark that its pro-
ponentS claim that is was in harmony
with a suggestion made by me in an
address at Pittsburs. 1 then prepared
and submitted to the President an eX-
preston of my views. l then said and
still think the scope of the proposed
amendment is so broad that one ought
not to attempt to define it's limits with
out long reflection. At first glance,
however, it seems to me that it would
have the effect of repeating section
FIVE of the act to regulate commerce
which is popularity known as the anti
pooling clause. That section makes it
unlawful for railroads to pool their
earnings or divide their traffic. As
such pools were always held to the
violative of public policy, they were
held to be unlawful at common law.
But as the states had committed to
Congress alone the regulation of inter-
state commerce the rule of the COM
mon law could not be applied to that
commerce until Congress acted, which
it did in the act to regulate commerce.
''The amendment also proposes to
repeal the interstate commerce law
and the antitrust law so far as for
eign commerce is concerned. This
would result in giving foreign COM
merce an advantage over our domes-
tic commerce.
1.-THE proposed amendment overlooks
Continued on page 81
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1904-02-02
SCHOONER ASHORE
On Anrisquam Beach, but Crew Has
Evidently Escaped.

AnnisQuam, Mass, Feb. 1.-The vol
unteer life savers of this town waited
several hours on rocks overlooking the
river and bay. tonight. for the signals
for help from 4 small schooner strand
ed on Annisquam beach, about half a
mile above the entrance of the river.
AS none was shown the men came to
the conclusion that those on board had
reached shore in safety and had gone
to West Gloucester. The vessel went
ashore during heavy snow squall
from the northwest. and at 9 o'clock
tonight the wind and tide were grad
ualiy working her down toward the
tar and it was the general belief that
she would become a total wreck before
morning.
The vessel was apparently of about
| 20 tons burden and TO those on board
| she gave ever Indication of being one
| of the fleet of small schoOners engaged
F, III the sand trade from Essex river,
! four miles farther up the beach, to
Boston.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1904-02-02
Conditions and General Forecast,

Washington. Feb. 1.-The eastern
disturbance has reached eastern Maine,
with = marked increase in intensity,
ard has caused, today, high west to
north winds OIL the Atlantic coast
There also have been general though
mostly light SHOWS and rains in the
Lake region, the Atlantic region a1d
eastern Gulf states. There will be
snow. Wednesday. in the middle Allan
tic states and New England. 1t win be
much colder, Tuesday, in eastern New
England and warmer in the middle
Atlantic states. On the New England
coast the winds VIII be high northwest
to north, slowly diminishing; on the
middle Atlantic coast diminishing
n ,rthwest winds to north becoming
variable.
Special forecast: Cold wave warn
mss are displayed in eastern New
York. Storm warnings are displayed
on the New England coast.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1904-02-02
C0TTON'S JUMP.
Goes Over the II Cents Mark
at New York.
First Time in 20 Years It Has Reached
Those Figures.
High Water Mark in Civil War Was
$3.50 Per Pound.

New York, Feb. 1.-The speculation
in the cotton market carried May and
July cotton options above II cents a
pound on 4 local market, today, for
the first time in 90 years.
Cotton has not passed II cents a
| pound in New York. since 1875. when
it went to 17is. 1t touched 1871 in 1874.
21as in 1873, and 27ss in the year Of wild
speculation, 1872. when the crop, as
against 4.347 600 bales in the previous
season. turned out only 2,974,0OO. The
| high price of war times. when the
South was blockaded, was $3.50 per
pound. in 1864.
The rise on tOday's market was scor-
ed in spite of heavier receipts and the
failure OF Southern spot markets (save
New Orleans) to advance.
There was the same wild and over
burdeaed market here as on Saturday,
BROKERS despaired of executing their
| orders according to book. There was
intense confusion and an enormous
volume of trading.
Notwithstanding the heavier receipts
indicated for tomorrow, the market
after reacting to within a few points
of the opening figures was rallied
again chiefly as result of aggressive
buying by New Orleans and was soon
selling at level still higher than that
Of the carly morning. March in the
ate trading sold at 1904, May at 1745.
and July at 11.55: net gain of 65M7O
points and an advance since last FRI
days closing of nearly a cent and a
half a pound. Trading was very act
i've on the second advance including
continued buying for the account Of
spot people who were believed to be
covering hedges, and for public ac-
counts.
The close was firm at nearly the best
with the more active months Al to SO
points higher and October unchanged,
while December was 10 points higher.
Sales We're estimated at LOO 900 bales