davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1905-12-29
Loveman & Co.'s Market Letter.

The air was full of predictions of a big slump as the result of an overloaded long condition, money rates above l0O per cent and fear of trouble in the stock mar ket, not to mention the continued serious ness Of the Russian situation. Natural causes. however, were not allowed to do their work without aid. Bears hammered vigorously and 1t looked for time as If they would succeed in driving prices through the low level of two weeks ago.
 when March sold 11.50 and May Il GA By dint of heavy selling they did get March to 11.51, but every attack beyond that was repulsed and when money matters eased up those who were most vigorous in selling the market down were the most active in buying 1t back. After the first rally of 10 points the market was at tackled again in the belief that the re- covery was only a false show of strength, but bears once more sold themselves into hole. and were unable to cover except at a loss during the remainder of the day. The close is at the top, 29 to "A above the early point and 15 higher than yester- day. This sharp advance was striking answer to the telegrams of New Orleans circulated here to the effect that the market was heavily oyer-bought Texas alone being long over million bales TO judge by the performances of the day 1t would appear that the long interest Is pretty well held, while the shorts are un- certain of their position, and run at the first sign of strength. Tomorrow will be notice on JanuSry. Some Of the holders of our present large stock have been buyers of January for several days past, whenever they could get them at dis count of 31 to 32 points below March, a difference which will amply pay all car rying charges.
The Birmingham age-herald., 1905-12-29

strictly local character of the strlngehcy is a remarkable feature of the episode. Money on call at nearby cities continues to rule at not over per cent. Whlle a good demand exists for money tnroush- out the country, this contrast with rates paid on the New York exchange oners an attraction to transmit funds to thls center.
 Rumors continued very persistent of contemplated measures of relief Tor the money market by the Secretary of the Treasury but the arrival of that oHlclai at Chicago confirmed the assertion that such measures of relief would be made dependent on the finding of evidence or need outside of speculative centers. It was broadly intimated, however, that the treasury department would adopt tol- erant attitude towards the reserve re- qurements of the banks during the exist enee of any isls in the money market and it was the general supposition that the banks were availing themlseves or this implied permission to encroach hp- orally on their reserves, There was an urgent demand for time loans for the shorter periods, as well as for call loans and the commissions demanded to se- sure it. Ninety-day funds made the inter est rate equivalent to 90 per cent. rms condition in the time loan market opens serious question as to the justification or the over-weening confidence in the specu- latiye circles of an immediate relaxa- ton in the money stringency after the nrst of the year.
 The weekly statment of the Bank or England disclosed almost unprecedent- edly weak condition of that institution for the period of the year, the propor- tion of reserve to liabilities having fal- len to 33S1 per cent. There were heavy withdrawals from the bank today Tor shipment to South America, and the stil further gain in the sterling exchange rate at Paris showed the continued pressure on London from that point also. The weekly return of the Bank of France was poor one There were constant rumors here of the formation of a bankers pool to provide a fund for the money mar ket, such as was done in the crisis of l9O2 It was alleged that the banks had reached an agreement to keep the rate of stand ing loans at a fixed figure until next week. These rumors which were of effect on sentiment, could not be confirmed The late relapse in the money rate to 60 per cent was of no significance, most de- mands having been satisfied before the rate was touched 'but the speculative confidence was maintained and the mar ket closed active and strong. Anaconda mining was prominent feature and other copper and smelling stocks were conspicu- ous but such stocks as Union Pacific and New York Central kept up the rep resentation of the standard railroad list
 in the days movements.
 Bonds were easy Total sales $3, 465, GOO.
 United States bonds were all unchanged on call.
The Birmingham age-herald., 1905-12-29
Abercrombie & Co.'s Market Letter.

Although call money rates ruled apnor- mally high again today, advancing to no per cent per annum. and the New York stock market to have ruled irregular and unsettled, a better feeling developed in cotton circles after the opening of the local market, which was slightly lower than last nights closing, March selling low as 117S Liquidation having about run it's course and realizing that the mone- tary situation in New York was more the result of manipulation of funds than cause for alarm since dividend and inter est disbursements to be made in Jan uary are estimated to reach the record breaking figures of about s14 100000, an increase over last year of s4500,00o traders became more conservative and paid more attention to developments surrounding the staple than they have of late. South ern spot holders absolutely refused to meet the unwarranted decline which cul- minated this morning, the interior In some cases rejecting bids of A advance The movement to market continued on small scale, the weeks insight promising not more than 325000. If that much against 36S GOO last year and 360,000 the year be- fore, which makes 1t possible for the De- cember movement to fall short of the movement of the corresponding month of the ten-million crop year by 250,000 bales, and making 1t probable for tomorrows s movement since September 1 to figure about 6,975,O0 compared with 79l0,o00 last year and 6.804 900 In 1903, notwithstanding the claim that 9O0,0Oo bales of old cotton was marketed since the new season open ed The movement to market last year continued light during January and Feb ruary, that of the small crop move ment of two years ago relatively heavy but arrivals became very heavy after the first of March one year ago, 2,s34,0o0 bales having been received after that date until close of the season, where as In the ten-million crop year S06OO0 bales were accounted for as having been mar keted after an even date in 1904.
The Birmingham age-herald., 1905-12-29
EXTRAORDINARY DAY IN STOCK MARKET Call Money Runs Up Above 100
 Per Cent
  HOLDERS WOULD NOT SELL Rumors Continued Very Persistent of Contemplated Measures of Relief for Money Market By Sec
 retary of Treasury.
HOLDERS WOULD NOT SELL

New York, December 2S.-The party in speculative control of the stock market showed the courage of it's conviction to- day by buying stocks and putting up prices in face of rates of call money at 100 per cent and above. Large amounts were loaned on the stock exchange at 110 per cent and funds were placed out side the exchange at 125 per cent.
 So long as money could be had at these terms the holders were determined not to be prohibitive of the stocks on margin, and they would borrow rather than sell out stock holdings. They were paid also on the presumption that the high rate may hold or even be exceeded in the re- maining days of the week. The argument was held among speculative holders that the high rate may hold or even be ex- ceeded in the remaining days of the week. The argument was held among specula- tive holders that this rate was well worth paying for for a day Or two until the end of the year on the prospect that prices were likely to advance in larger proportion and overcome the daily amount of interest represented at this rate. It was asserted that the larger interests in these days of stringent money could offer the only opportunity of securing stocks at the present level.
 Such was the spirit that dominated the extraordinary stock market whose money conditions have been the signal for a panic in the unloading of securities in the past experience of the stock exchange There was something of a scramble dur ing the unloading early, owing to an apprehension that 1t would be found im- possible to borrow money on any terms. Probably the liquidation thus affected caused some relief in the money ten sion. The extraordinary interest rates also had their effect in bringing offer ings into the market from many unex- pected sources, some of them insignificant iE themselves, including small private de- post accounts but these made up a con siderable sum of banking funds, and were made available from outside sources. The
The Birmingham age-herald., 1905-12-29
Bonds.
Money on Call.

New York, December &.-Call money was strong today. The stock exchange range of quotations was;
 Highest, 1l0 per cent; lowest. 6; ruling rates, 50 to 75; last loan, 15; closing bid, 15; offered at 20.
 A loan of s4oo09O at 125 per cent was made outside the stock exchange; time money firm sixty and ninety days ana six months, 6 per cent and commlsslon' making the rate of per cent.
 New York. December 8.-Prime mer- cantile paper 51ad6 per cent; sterling ex- change weak, with actual business m bankers bills at 4S5. 1064S5 20 for demand and at 4s2G4s2 50 for sixty-day bills. Post ed rates, 4S3d4s31s and 4s61sd4S7. Commer- cial bills, 4S2. Bar silver, 64%. Mexican dol
The Birmingham age-herald., 1905-12-29
Coffee Market.

New York. December @-Coffee, spot Rio quiet: No. invoice 8. mild steady.
 Futures opened steady at unchanged prices to a decline of points under a little selling by Europe, although the European cables were about as expected. There was no special feature to the Bra gillian news and trading was quiet with prices holding around the opening level. Near the close there was some Wall street liouidation. The market was finally steady at a net decline of to 10 points. Sales were about 640o0 bags. January 63o; Feb ruary, $50: March, 6.5566 6o April, 6.65; May. s70d6. .75; July. 6.s5; September. 6.95 M7; October 7d7. .05
The Birmingham age-herald., 1905-12-29
New York Cotton Futures.
Daily Cotton Movement.

Galveston-Steady; middling, 117s; net receipts 11,5l0; gross receipts, 11,6l7; sales, 500; stock, 24o, ,329; Great Britain, 13,757; coastwise. 3990.
 New Orleans-Easy; middlng, 11%; net receipts, S997; gross receipts, S997 sales, 1500; stock, 354 526 Great Britain, SS01.
 Mobile-Steady; middling, Il; net re- ceipts, 73S gross receipts, 73S; sales. $50; stock, 49,5S7.
 Savannah-Dull and easy; middlng, Il 7-16; net receipts, 4691; gross receipts, 4710; sales 1s stock, 145,6f7; continent, Sl6; ooastwise, 34S6.
 Charleston-Quiet; mddling 11ss; net receipts. s64; gross receipts, S54; stock F.H2.
 Whining middling, 11h; net receipts. 152s; gross receipts, 1928; stock. F, ,334
 Norfok-steady; middling, Il s-16; net receipts, 4se6; gross receipts, 4S66; sales, 24: stock. 9,734 Great Britain, 300; coast wise, 2559.
 Baitimore-Nominal middling, 11%; net receipts, 751; gross receipts, 751 stock, 11,144
 New York-Quiet; middling, 11.9o; net receipts. 82; gross receipts, S456: sales. 15o; stock 221, ,705: Great Britain. 12S3
 Boston-Quiet; middling, 1.9O; net re- ceipts, 1175; gross receipts, 5773.
 phia-Steady; middling, 12.l5; gross receipts, 1S0; stock. 4917.
 Brunswick-Net receipts, 1136; gross re- ceipts, 1136; Great Britain, 11S8.
 Port Arthur and Sabine Pass-Net re- ceipts, 6255; gross receipts, 255 continent, 6255.
 Jacksonville-Ne receipts, 461; gross re- ceipts, 461.
 Miscellaneous-Net receipts 15o; gross receipts. 150.
 Total today at all ports: Net. 4 ,207 Great Britain, 25,2N; continent, 7071; stock 1,173939.
 Consolidated at all ports: Net n,207; Great Britain, 57 ,692; France, ,399; conti- nent, 19,2l1; Japan, 40.
 Total since September 1 at all ports: Net, 5,012.16O: Great Britain, 1,54S, ,266 France, 464, ,646; continent, 1,2S0, ,461; Japan, 3l e13: Mexico 964.
The Birmingham age-herald., 1905-12-29
Lixerpool Cotton Movement.

Liverpool, December &.-Spot cotton in fair demand; prices IA points lower; Amer ican middling fair. 6.69; good middling. 6 35; middling, 6.17; low middling, COL; good ordinary, 5S3; ordinary, 5.67; sales of the day. 10000 bales. of which 1000 were for speculation and export and included $500 American. Receipts, 7600O bales, in- cluding 63,5O0 American.
 Futures opened easy and closed steady. American middling. good ordinary clause: December. 6.O5; December-January. SOS; January February. 605; February March. s.1o; March-April, s14; April-May, s.17;
The Birmingham age-herald., 1905-12-29
Interior Movement.

Houston-Quiet; middling, 11% net re- ceipts, 7557; gross receipts, 7557; shipments, 6476; stock, 110,5S3.
 Augusta,-Quiet; middling, 1lh; net re- ceipts, 1126: gross receipts 1126; shipments, 402 sales. 27; stock, ,6l0.
 Memphis Steady; middling, Il Ills; net receipts, 1859: gross receipts, SsS1; ship ments, 2641; sales. 1450: stock. 147679
 St. Louis-Quiet; middling. 1l%; net re- ceipts. 800; gross receipts, 3570; shipments, 3219; stock, 36452.
 Cincnnati-Net receipts, 1736; gross re- ceipts, 1796 shipments, a56; stock. l4,94s
 Louisville-Firm; midding, Il l3-16.
 Total today-Net receipts, 1227S; gross receipts. 17,s70; shipments, 1864; sales. 1477; stock, 401 PIP.
The Birmingham age-herald., 1905-12-29
Metal Market.

New York. December 2S.-There was a further decline in the London tin mar ket. spot closing at a161 5s and futures f16O 15s Locally the market was called easy, spots ss5 5od35. O. London copper also easier in tone; spot lower at f79 5s. Flu lures unchanged, Locally the situation is unchanged. Lead higher at fl7 15s in London, but remained unchanged locally SpeIter unchanged locally but higher abroad at 92s lis Cd. Iron lower in the English market standard foundry being quoted at 54s Tod and Cleveland warrants at 54s. Local situation unchanged.
The Birmingham age-herald., 1905-12-29
New Orleans Cotton Market.

New Orleans, December 2S-Spot cot ton quiet sales 21S5 bales. including 300 to arrive and $50 free on board cars; de- Iivered on contracts 400 Quotations un- changed: middling 1lAc.
 Futures opened ? to points under last evenings closing figures Soon after the opening buying orders flooded tho ring and a sharp upward turn took place. The fluctuations were numerous but gen orally narrow and the trading light. The market closed steady with net gains of IS to q ponts. Lower Liverpool cut no figure today in this market.
 hIa,a nrIe an Nnttnr, EIturas
The Birmingham age-herald., 1905-12-29
Local staple erocerle

suear-Granulated Sc: Y C.. i-ic Flour-Fancy patent, s5.-1; standard patent, s5 straight $4.D- Coffee--Green. 1al3c, Arbucllc's Porto Rico. sl5.05.
 Meat-Dry saled ribs, Sc; dry salted rib bellies, Sc: extra clear, 7sae; hams. fancy. 1Sc: medium. 12lsc: becon bellies. 1lkc: California hams, sstc.
 Iard-Leaf sl-4c. Compound lard. Co basis.
 Molasses-Ce 15n35c. sugar house. 40e. Georgia cane. 34c.
 Beans-Navy. s2.25 per busheli hand picked Lima, sl4c per pound.
 Grits-92 pounds, sl.65.
 Meal, sl15
 Birmingham macaroni, 61ac.
The Birmingham age-herald., 1905-12-29
Live Stock Market.

Chicago December 2s.-Cattle, receipts. 15.000. Market slow to 10 cents lower. Choice to common steers. g. 2oa6.50; year lings, s4lf4 60; cows and yearlngs. $29 i; bulls, s2 .40df3 .75; calves $5f7.5O.
 Hogs Receipts. 3s000. Market 10 cents lower. Bulk of sales, s 10; prime butchers, g.. 1GM515; packers prime heavy, $f.5O M4.75
 Sheep-Receipts, 22.000. Steady to 10n15 cents lower Sheep, s3.50d6 yearlings, s5 25M7: lambs, 6. .25d6. .45.
The Birmingham age-herald., 1905-12-29

New York. December 2S-Cotton seed oil firmer; prime yellow 29%gSoiR. Petro- leum, steady. Rosin, quiet; turpentine' dull
 New Orleans, December 2S.-Cotton seed oil, steady; prime refined in barrels %; prime crude, loose, 244.
 Memphis, December 2S.-Cotton seed oil, prime crude 24laQ25; prime summer vel low, 27; prime meal, 25a25.50; prime cake, 2l b0
The Birmingham age-herald., 1905-12-29

Cash quotations were as follows Flour-Steady.
 Wheat-No. ? spring. S214ds5c; No. 3, S0d84c No. red, S61adS71ac.
 Corn-No. 3, 47Idc; No. 2 yellow, s71ac. Oats-No. ?, 31Ac; No. white, 321hc; No. white. 3Od31%c.
 Rye-No. 2, 64Gl66c.
 Barley-Good feeding, s7@s7Hc; fair to choice mating, 41@49c.
 Flax Seed-No. l, s10S; No. 1 north- western. S1.13.
 Timothy Seed-Prime, s3.37h Mess Pork-Per barrel, S12. .75d12 STE. Lard-Per 100 pounds, $7.20@7 .22ls Short Ribs Sides-Loose. S67 .121a. Short Clear Sides-Boxed, S7.3OM7 .35. Whisky-Basis of high wines 30 C1over-Contract grade, SIS. On the produce exchange today the butter market was steady creamery, TO 24isc; dairy. 17m22c.
 Eggs-Easer. 1sd2Sc: first, 22c; prime firsts, 25c extras, 27c.
 Cheese-Steady, 111a@13c.
The Birmingham age-herald., 1905-12-29
Dry Goods.

New York, December 2s.-Buying in the dry goods market today was on the re- tail order, but 1t was evident that many of the smaller buyers throughout the country have not purchased even far proportion of their requirements for spring.
The Birmingham age-herald., 1905-12-29
New Orleans Cotton Futures.

New Orleans. December 2s.-Cotton easy; sales 1925 bales. Ordinary, 1-16; good ordinary. 1Oi4; low middling, 1l1s; middling 11z; good middling 121s; mid ding fair. F 7-16; receipts s997; stock. 3549 1928.
The Birmingham age-herald., 1905-12-29

Washington, December 8.-Todays treasury balances, exclusive of the gold reserve, shows available cash balance $13S, ,232,747; gold. sS5. .466534.
The Birmingham age-herald., 1905-12-29
Chicago Change.

Chicago. December 2S.-Continued liberal movement of wheat in the United States and weakness of the Liverpool were im- portant influences tending to depress prices of wheat here today. At the close May was off 4. Corn was irregular. the May option declining 1sqA, while cover ing by shorts caused net gain of 2h in the price of old December. Oats were unchanged and provisions were 21aQ5c lower.
The Birmingham age-herald., 1905-12-29
cIearlnus and Exchange.

New Orleans December 2S.-Clearings, s4134, ,26S New York exchange, Sl per $1ooO premium. Commercial paper, 75c per $l0oO discount.
 Memphis December 2s.-clearings, SEA- 949; balances, S139, ,894.
The Birmingham age-herald., 1905-12-29
ckrstmas and New Year Holiday Rat.

Low rates for the general public teach CTS, and students, iron. all agency sta- lions on the Mobile and Ohio railroad Apply to agents for rates. dates of sale. limits, etc. 1-H-bt
The Birmingham age-herald., 1905-12-29
Cotton Seed Oil.

ss.s0; I, s40O; K. s45o; M $500; N s5.5o; w, G, S5.75: w, w, $500.
The Birmingham age-herald., 1905-12-29
Seaboard Air Line.

Baltimore, December 8.-Seaboard Air Line. common, 3b1s asked; do. preferred 5S asked.
The Birmingham age-herald., 1905-12-29

May-June. SEQ; June-July. 6.22; July gust. 6.2s: August-Sepfember 6.l4; Sep tember-october, S.s7; eatober-November, 5S0
The Birmingham age-herald., 1905-12-29
Feed Stuff.

corn-No. mixed or white ? or 3 bushel sacks. 65c. Oats-No. 2 mixed, 40c; No. ? white, 42c; white clip 44c.
 Pure wheat brand. 80 or 100. s24. Cotton seed feed meal. s24i prime. s26 Corn chops. N.l5. Corn hearts, u.10. Shorts, 100 pounds, $24 Hulls, sack. 3GqS5c. Hay-Choice timothy, sls00; No. timo- thy, sl65o; Johnson grass, sl2 clover. sl5
 Fruits and Produce. Lemons--Psr box, extra fancy. %oN0
The Birmingham age-herald., 1905-12-29
Gilbert & CIay's Market Letter.

English cables ascribe the weakness in Liverpool market to the unsettled con dition of affairs on our side. The loss of 2 points in Liverpool futures before our markets opened was regained before their close.
 Conflicting opinions as to the size of the crop and the demand for same are nu- merous, but large estimates of this sea sons growth emanate principally from New York; whereas. representative con- cerns in the south. whose sources of in- formation are at first hand continue to reaffrm previous estimates Of 100000 bales, and under, for the grown crop.
 Apathy on the part of the spinners and cotton bulls during the holiday sea son and indifference on the part of holders of the staple, combine to make dull and waiting market with the tendency at the moment somewhat in favor of the bear side, but we believe this to be only tenn porary. and after the turn of the year prices Tn the meantime. contracts should be well protected against sudden bearish onslaughis
 Stocks-A Hew high record of no per cent was made for cali money today, but toward the close, the rate eased off to 8 per cent Stocks were remarkably firm under the prevailing financial conditions and handsome recoveries were made in most of the issues Appearances would indicate that the money market Is being manipulated in the interest of large hold CTS of stocks, and that the situation in this respect can be quickly changed when ever powerful interests decide to do so.
The Birmingham age-herald., 1905-12-29
Treasury Statement.

lars, 50. Government bonds steady; rail- road bonds easy.
The Birmingham age-herald., 1905-12-29

CnUn TIT. the cold-cure that does the work In 8 hours, and will
 not make you sick. Try It
The Birmingham age-herald., 1905-12-29

s5.25.
 Florida organe. s240a2.50 tangerines s3. 3.O0m40O; grape fruit, 8. 5od40o. Apples-Northern grown, per barrel fancy. s525 to s5.5O.
 Cranberrles-Per crate, S4
 Limes-Per 100. Sl 10.
 Bananas-Per bunch. Fancy stock, sl.N d150 bunch.
 Peanuts-Fancy, per pound, Sc; No. 2. 5d5Nao. Cabbage-2c per pound
 Potatoes-Irlsh potatoes, socQJSf.00. Turkeys. dressed, 20c; on foot. 14dlbc. Eggs-Per dozen, cold storage, 25c; fresh 32c.
 Hens-3oM35c; chickens. large, 25@S0c medium, 20c: small, 149i5c.
 Butter-Fresh. 25@30c; renovated, 23c; creamery, 2Sc.
The Birmingham age-herald., 1905-12-29
Naval Stores.

Charleston, December 8.-Turpentine firm, 63 sales none. Rosin firm; sales $3.G5; G, $3.70; H. s3.75; 1, s3.So: K. s3.S0; M. Si.50; N, S4.s0; w, G. s510; W, w, s535.
 New Orleans December 2s.-Nayal stores steady: pitch s2.25; pine tar. s4.75; coal tar, s3.5o Resin per barrel of 2s0 pounds: A. B. c. s3.5o. D. s3,55Q375; F. s36O@3.so; F, ss75GlS.s5; G. s375Q39o; H. S3 s5Q395; l, s3.s5; K. s450; M, $500; N, $50; w. c, $5.75; w, W, $500. Turpentine. firm, 651z.
 Savannah. December 26.--Turpentine, firm, 6; sales 800; receipts 560; ship ments 224 Rosn, firm Sales 1906: rceepits 1893; shipments TSP. Quote: A, B. c. t3.5o: b. S.55; E. s30; ?. $37o; c. s3.so; H,
The Birmingham age-herald., 1905-12-29
THE LOCAL MARKETS
Local Cotton Market.
Local Iron Market.
Local Securities.

Corrected by J. M. Caldwell x Co.,,
 Bell phone 2244.)
The Birmingham age-herald., 1905-12-29
Hides and Wool.

Hides and Wool. G. s. hides, 10H2@11c. Dry flint hides. No. l, 19c. Dry flint hides. No. 1, lSc. Dry salt hides, 70. 1, 17c. Dry salt hides, No. ?. 16@1sc. Clear washed wool. 3s@40c. Unwashed wool. 27Q29c. Sheep skins, 25427c. Tallow, 4d4nsc.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-08-21

EAST SIDE OFFICE-Central avenue and Sec
ond street. Telephone. Main No. 0.