davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1906-06-27
Abercrombie 6 Co.'s Market Letter.

As if to coincide with developments of yesterday as regards the disposition to be made of spot cotton at New York heavy rains occurred over night in the Mississippi Valley from. Memphis to New Orleans throughout Texas and in other sections of the southwest, breaking the drouth effectually Consequently there was a lower range of value today, July declining 10 to 52 points and October to 1018 compared with 10.63 and 1921 re- spectively at the close of yesterday.
 Profit taking at the decline, however, served to bring about a little reaction. the early loss being recovered on covering by shorts.
 The benefit to come from rains in the western half of the belt was appreciated, but the market failed to discount same on account of the timidity of shorts, who fear some deterioration to be reported by the government bureau report next Tues day.
 It will be remembered that noted statistician reported deterioration of 1.6 points for the first half of June and since that date heavy rains have been complained of in the South Atlantic states while the southwest suffered from drouth Mir. Price published re- suits of his returns on the present con dition of crop and a deterioration for the month of points was shown.
 The June bureau report figured the aver age condition of the crop at 4S.S and If the crop has actually suffered July bu- reau report is about S16.
The Birmingham age-herald., 1906-06-27

GOO 000. The calling of loans had no per ceptibe effect in the call loan markets. but rates for the time loans continued strong at the higher level of yesterday. Such heavy disbursements as are to occur with the turn of the month are expected usually to cause some preliminary invest ment demand for securities.
 One of the discouraging features of the present market is the entire absence or any such demand. The bond market con tinues rather to reflect the pressure or occasional liquidation. sometimes due to the operation of syndicates and the dis tribution to members of unsold holdings. The market is deprived of any demand by life insurance companies owing to the new regulations for bidding investment of the surplus of those institutions. Selling by insurance companies has been in evi- dence also ever since the San Francisco losses.
 This kind of selling was marked in fiuence in the London market today. and selling for Paris account was also in evil dence there. London is also apprehensive of money trouble in connection with the mining settlement now imminent The weekly report of the Imperial Bank Of Germany serves as an explanation or the hardening of money rates there. These dis turbed conditions in foreign markets serve as an obstacle to efforts to secure gold for imports to New York, and there was not sufficient change in the foreign ex- change rate today to overcome the mar gin which divides the price of exchange from the level of profit for gold import. A further decline in the London price Of copper made Amalgamated Copper vul- nerable to further attack this morning. The increase in the dividend rate of Ana conda during the afternoon left a large short interest in the two stocks uncovered, and their strong rally furnished effective f- I. tv, rfaaf ket.
 Continued frmness of Southern Pacific kept alive rumors of an intended increase in the dividend rate After some irregu- larity in the late dealings the market closed firm at the best price on final rally.
 Bonds were easy. Total sales. par value, $1,910,000.
 United States 2s advanced A per cent on call
The Birmingham age-herald., 1906-06-27
Ware 6 leIand,s Market Letter.

The drouth in Texas was broken over night but the bears were unable to put prices down very much on 1t.
 For weeks the market has been support ed by the lack of moisture in the south ern portions of the western belt, and 1t grew to be a motto that prices would break badly when the drouth was re- lieved On the opening this morning. however short found themselves so eager for profits that they allowed a decline of about only points on the new crops, while July was down about ten.
 Logically taken. sentiment and every thing into consideration, the market should have shown decline of dollar a bale
 Throughout the morning the market held very steady. and at every point decline short stood ready to scoop in his profits.
 There is now no dodging the fact that crop conditions taking the whole belt into consideration could hardly be bet ter.
 In fact. if they were better. they might be called abnormal.
 At no time has it been claimed that cotton in the drouth areas in either Texas or Louisiana was in actual peril of being killed out. and it has now been given ample moisture with the promise of more to come within the next twenty-four hours. The dry weather has enabled farmers to clean their crops to the last acre, and to take care of more cotton with less hands than ordinarily, which has relieved the labor situation to a great extent.
 Again the plant has put down good tap root which will enable it to withstand unfavorable conditions later on.
 Crop conditions can hardly be said to favor higher prices, and the one thing that the bulls have in their favor is the large short interest that exists.
 A feature of the morning was the an- nouncement by MT. Price that he had sold 10000 bales of his spot cotton, which left him with only sS,OOO bales to tender on the first notice day for July In New York
The Birmingham age-herald., 1906-06-27
New York Cotton Futures.
Daily Cotton Movement.

Galveston-Steady; middling III 1-16; net receipts, 31S1; stock 46,56S.
 New Orleans-Easy; midling, 10 15-16; net receipts, 2799; gross receipts, 2l99; sales. 95O; stock. 66, 423.
 Mobile-Quet; middling. 105s; net re- oeipts, 115 gross receipts, 113; sales. 50; stock, 4592; coastwise, 613.
 Savannah-Nominal; middlipg. 10&4; net receipts, 96 gross receipts, 3l6: sales SEQ; stock 36, ,6S0; Great Britn'r ii6S; coast wise, 1123
 harleston-Nominal middlng, l0A; net receipts 1 gross receipts, 1; stock, 475l coastwise, TO-
 Wilmington-Nom middling 1O% net receipts, 632; gross receipts, 6S2; stock 6O02.
 Norfolk-Quiet; middhng, Ills; net re- ceipts, 152; gross receipts, 152: sales, 1s2; stock 1S,SS3: coastwise 674.
 Baltimore - Nominal; middling, 11b; gross receipts. $50; stock. 6O52.
 New York-Steady; middling, 10.SO; gross receipts. 1850; sales, 11,000: stock, 104S54; Great Britain, 2633 continent, 29l2.
 Boston-Steady; midding, 10.S0; net re- cepts, 9 gross receipts, 2 Great Britain, 3g
 Philadelphia-Mid II .05 net re- ceipts, n; gross receipts, 267; stock, 530o
 Total today at all ports: Net, 1867; Great Britain, 7135; continent, 2912; stock, 3OS,- 800.
 Consolidated at all ports: Net, 15,519 Great Britain, S427; France, 30S6 conti- nent, 76OS; Japan, 100.
 *Total since September 1 at all ports Net, 1882 632 Great Britain, 2,74S,53l, , France, 697 76O5; continent, 2,543, sos; Japan, 116, ,946; Mexico, 2764
 s-Corrected.
The Birmingham age-herald., 1906-06-27
COTTON MARKET
 HAS NERVOUS DAY Close Was Steady With But
 Slight Change SALES WERE 25O,OOO BALES Weekly Crop Review Read BuIlishly as to Southwest, But Did Not Re- fleet Rains Reported Dur
 ing the Day.
WERE 250,000 BALES

New York, June 26.-The cotton market was nervous and irregular during today's session, with the close steady at de- cline of points to an advance of I points. Sales were estimated at 250000 bales.
 The market opened steady at a decline of 2 to points. which was better than due on the cables, so far as the new crop months were concerned, but quickly sold off to net decline of to points, led by July which touched 10.09c during the first few minutes under continued liquidation and bear pressure, and reports of rains in Texas. According to official advices. rains were more or less general all over the belt, but after the early decline the market steadied up on cov- ering, and at one time was about to 5 points net higher. Near months were rel aItively steady at the close, reflecting the further sale of l100O bales from the local stock for consumption, thus reduc- ing the probable number of notices and the better crop weather in the southwest was the cause of the failure of the new crop months to hold the improvement of the middle session The weekly crop review read bulishly as to the southwest, but was compiled too soon to reflect the rains reported today, and the forecast was for continued showers.
 Receipts at the ports today, 1867 bales, against 27,567 last week. and 179S2 last year. For the week 3000, against 29,S3l last week, and 75,457 last year. Today's receipts at New Orleans, 2199 bales, against 2594 last year, and at Houston 2702 bales, against 2159 last year.
 New York Cotton Futures.
The Birmingham age-herald., 1906-06-27
MARKET EASY FOR
 BEAR OPERATIONS Sensational Advertising Methods Res to in Boston RECOVERY LATER IN DAY As Prices Worked to Higher Levels There Was Decrease In Activity
 and Inclination to Buy
 Stocks.
RECOVERY LATER IN DAY

New York, June 26.-The fall in prices of stocks which was in progress yester- day was extended considerably during the early trading today. The easy yielding of prices encouraged aggressive operations on the short side by professional bear operations. With the course of the trad ing however, this class of operators de- veloped misgivings over the amount and the kind of company they found them selves in. The resumption of sensational advertising methods to induce selling of stocks on the part of Boston specula- tive party caused some apprehension that professional short selling rather than the disposal of long stocks was having more to do with the decline in the market. The action of prices during the morning had the effect of emphasizing this impression by the clear indication afforded of raider tactics by bear operators for the purpose of securing holdings at an advantage. In St. Paul no stocks was disposed of on the first break between 175 and 174. the latter price following the former on sale of only 300 shares This incident served as a warning to the bears that they were over extending themselves. and a demand to cover shorts which gained in volume during the progress of the day, was the consequence.
 A substantial recovery in prices fol- lowed. It did not appear that the de- mand which caused this recovery extend cd beyond the uncovered short interest. As prices got up to the higher levels there was decrease in activity, and a dmin- ishing inclination to buy stocks. There was no important change in conditions affecting the market
 Some calling in of loans was reported amongst the banks, and this was said to be for the purpose of repenishing their reserves in preparation for the July pay ments, which are unusually heavy this year, and are estimated as high as $125,-
The Birmingham age-herald., 1906-06-27
Central of Georgia.
Seaboard Air Line
Southern Rail o.
Schedule in Effect April 2e, 1906.

Schedule in Effect April 29, 1906. N. B.-Eollowng schedule figures pub lished only as information and are not guaranteed.
 GAO a.m.-No 3S, for Atlanta Washing ton, Baltimore, Philadelphia. New York and the East. Pull man Drawing Room Sleeping Car, Birmingham to New York. Dining Car. Birming- ham to Atlanta. 6:00 am.-No 19, for Montevallo. Ma plesville, Selma and way sta- tons.
 1925 D pm.-No 35, for Columbus. West Point, Winona, Greenwood and Greenvile; also Sheffield and Florence and North Ala- bama points. $40 pm.-No 15. for Cordova, Oakman. Corona and way stations; also Bossburg.
 b.45 a.m.-No 22, for Anniston, Hefiin and way stations; also Rome, Ga. 6:5o p.m.-No 36, for Atlanta, Charlotte. Richmond, Washington. New York and the East Pullman Sleeping Car Birmingham to Richmond. Va. 4.o5 p.m.-No. 24, Anniston, Atlanta nd way stations; also for Jack sonville and all Florida points, also Talladega. Ala. Pullman Sleeping Car Birmingham to Brunswick.
 ,o.oO nm-No. 97, for Columbus. West Point, Winona. Greenwood and Greenville. Pullman Draw ing Room Sleeping Car Bir- mlngham to Greenville. ,o.e5 nm.-No 2, for Selma. Mobile and way stations Pullman Draw ing Room Sleeping Car Bir- mingham to Mobile. fl .eo nm.-No 9S, for Atlanta, Anniston and way stations. Pullman Sleeping Car. Birmingham to Atlanta. Sleeping Car can be occupied at Enon station 9:30 D m
 For detailed information and sleeping car reservations apply passenger office. Morris Hotel Building. Telephone 30G Bell and ST Peoples.
 J. N. HARRISON, Dist. Pass. Agt. R. B. CREAGH. Tray. Pass. Agt.
The Birmingham age-herald., 1906-06-27
Coffee Market,

invoice, 77sc mild, steady. Futures opened steady at unchanged prices to a decline of points, which was considered a good showing in view of the European cables, which did not respond to the firm ness of the local market on the previous day. Trading here was largely in the shape of switching from near to late months, and prices showed little change until near the close, when they eased off slightly, and the market finally was steady, unchanged to June, but generally 5 to 10 points net lower. Sales for the day were reported of S5 750 bags, includ- ing July 6.2046. .25; September, 6.35@6 40; October. 6.5O; November. 6.60; December, 6 66Oa665; March, 6.9o; April, 100; May, q OOp7. .06.
The Birmingham age-herald., 1906-06-27
Lovemsn & Co.'s Market Letter.

Official reports of good rains in the drouth strcketn district of Texas caused a week opening in the cotton market to- day. Initial prices, however, proved to be the lowest Of the day, the market steadying up soon after the call on cover ing by shorts and some rush buying based on reports of good spot demand from Europe. July contracts, which had sold as low as 1O.52 on the opening sub sequently sold as high as 10 67, while Oc- tober reached from 10. 16 to 10. 23 The tone throughout the afternoon session was very steady, although prices were off cially reported easy and unchanged Sales amounted to 200 bales of spots and 75O bales to arrive. Middlng was again quoted at 1015-16 The course of the market today aptly illustrated the wis dom contained in the market "axion' buy on nnfayorable and sell on favorable news
 Beneficial rains occurred in Southeast Texas, effectually dispensing the drouth in that state for the time being at least Those who counted on big break as a result of this favorable turn in Texas weather conditions had their hope badly shattered. The early weakness was soon over, and the minute shorts tried to buy back the market promptly reached. It was evident, from the character of the trading, that some of the professionals were caught short. of the market at the bottom and buying by this element of the trade was a feature of the days bus mess. Large sale of spinners in New York als" gave strength to the market Reports Hn. New York were to the ef- feet that neodore Price was disposing of his spot cotton at a rapid rate that it was doubtful whether he would find it necessary to issue any notices on next Fri day, as he announced yesterday.
The Birmingham age-herald., 1906-06-27
Liverpool Cotton Market.

Liverpool. June 26.-closing cotton. spot. dull: prices unchanged American mid ding. G.14 The sales of the day were 50oO bales. of which 800 were for speculation and export and included 4500 American: receipts, 10000 bales including S40O Amer ican Futures opened easier and closed steady. American middling, E. 0. C.: June, 5.s5: June-July, 5.SI; July-August. 5.76; 5.67; September-Q -Qcto- Der. 5.5SdI5. .59; October-November. 5.53m 5.54: November December. 5.53; December January. 5.5s: February. 5.53n 5.54: February March .54d5.55; March April. B. 56; April-May. 5.57.
The Birmingham age-herald., 1906-06-27
Metal M arket.

New York. June 26-Further sharp de- , cline in London, spot closing at a175 15s, and futures ETA 15s. Local market also lower Spot s3S. .300l3S .5O. Copper lower abroad, spots aS1 5s and futures 9S0 To- cally remains practically nominal, with outside quotations at the extreme, lake SIS. .50a19. %, electrolytic SIS. 25@1S .621a casting SIS. 121ad1S 25 Lead unchanged, $5.75@5.90 locally, and e16 12s 6d in Lon don. Spelter also unchanged In both markets, closing at a27 fin London and $60596. Is locally. Iron closed unchanged to a shade higher abroad, standard foun- dry 49s Sd and Cleveland warrants 49s 1014d. Locally no change reported. No. 1 foundry northern SIS .2501S. .75 No foundry northern $17. 75@p1S. 25, No. foundry south ern $17 50G1s.OO, No. foundry southern ST. .00117. .75.
The Birmingham age-herald., 1906-06-27
Interior Movement.

Houston-Middling II; net reports. 27O2; Cross reports, 2702 shipments, 3i16; sales. S3; stock, 17,655.
 Augusta-Quiet; middlng. 11h net re- ceipts, 2: gross receipts. 2; shipments, 9S; sales, &; stock, 29 151.
 mphis-Easy; midding, 10s4; net re- ceipts, 9l; gross receipts, 123; shipments, 725; sales, 25; stock 13.49O.
 St. Louis--Quiet; middling, 107s; gross re- ceipts, 79l shipments 725; sales, 25; stock, S,S38.
 Cincinnati-Net receipts, 239; gross re- ceipts, 239; shipments. |; stock 741
 Louisville-Firm; middling, 11ss.
 Total today: Net receipts, 3Jz4 gross re- ceipts, 3s57 shipments, 5431; sales. 116; stock 96545.
The Birmingham age-herald., 1906-06-27
Local Staple Groceries.

Sugar-Granulated Sc; Y. C. 4tsc. Flour-Fancy patent, $5.75; standard patent s5; straight, s4.90.
 Coffee-Green, 11413c; Arbuckle's, S15b5; Porto Rico, $15.55.
 Meat-Dry salted ribs, SAC; dry salted rib bellies, 1OAc: extra clear, SAC; hams, fancy, 14c; medium, 121ac; bacon bellies. 111ac; California hams, sac.
 Lard-Leaf, 10c; compound lard TIC. Molasses-Centrifugal. 30035c; sugar house, 40c; Georgia cane. 34c.
 White Peas-Per bushel, s2.
 Beans-Navy, s2.25 per bushel; hand picked Lima, 7c.
 Grits-92 pounds. SIPS.
 Meal-"Jim Dandy" SIPS.
 Macaroni, 6Iac.
The Birmingham age-herald., 1906-06-27
THE LOCAL MARKETS

Spot cotton in the local market yester- day was reported a little unsteady, but prices closed unchanged, good middling being quoted at 10i&c.
 The only material change in the quo tation of prices in fruits and produce in the local market yesterday was in new potatoes, which have dropped to Toe and soc. The produce market was reported active all day, both local and shipping sales being large.
The Birmingham age-herald., 1906-06-27
Live Stock Market.

Chicago, June 26.-Cattle: Receipts, 2500; steady to strong; common to prime steers, $4 00Q6 10; cows, 8 .0044 50; heifers, g. 75@ 5.25; bulls 2.75Gp4.25; calves. s. 50Q6. 50; stockers and feeders. g. .75@4.6O
 Hogs: Receipts, 15.O00; best 5c higher, others weak; choice to prime heavy, $6 65 @6.67lh; medium to good heavy, $6. 6OQ6. .65; butcher weights. s6.57a6 65: good to choice heavy mixed, s6.571a@S621a; pack ing. s6O096551a.
 Sheep Receipts. 5000; strong to 10c higher; sheep, $4.5O@650; yearlings, $6500 7.OO; shorn lambs, $5. 4017.S5
The Birmingham age-herald., 1906-06-27

hing house sales were well attended. and wash goods sold freelY The trade for the day was more promising than 1obbers looked for. Cotton yarns were somewhat easier and the export trade to China is still very dull. Export goods are moving with considerable freedom to South Amer ica and West Indian nQrts.
The Birmingham age-herald., 1906-06-27
New Orleans Cotton Market.

New Orleans. June 26.-Cotton. spots. closed easy and unchanged from yester- day; middlng, 10 15-16; sales were 200 bales on the spot and 750 to arrive, total of $50.
 Futures opened barely steady at net decline of 6a11 points. The market was very dull throughout the day. Although the drouth in Texas was broken, profit taking by shorts kept the market up. The closing was steady. with prices near the highest of the day, and ranging from 1 point lower to points higher than yester- days close.
The Birmingham age-herald., 1906-06-27
Bonds.
Money on Call.

New York, June 26-Money on call, easy, 2A@3A per cent ruling rate, 2%; closing bid, 21a; offered, 3; time loans, firm; sixty days. 41a; ninety days, 4A@A; six months, 5d514. Close: Prime mer- cantile paper. 5d51a per cent; sterling ex- change, easy, 4s4.95@4S5 for demand. and at 4S2. .20@4S2.25 for sixty-day bills posted rates 4S3 and 4S6. Commercial bills 4S1B; bar silver. 65c; Mexican dollars, 5Olzc; government bonds, firm; railroad bonds, easy.
The Birmingham age-herald., 1906-06-27
Feed Stuff.

Corn-No. mixed 73c; white, 75c. Oats-No. 2 mixed, i3c; No. ? white, 52c; white clip, 54c.
 Pure wheat bran, so or 100. $25.
 Cotton seed feed meal, S25: prime. $2S. Corn chops, $1.2 .25.
 Corn hearts, s125
 Shorts-100 pound sack, 1.25.
 Hulls-sO-lb c. S., s9 ton; 20-lb. c. s., 4Oc sack 100-lb. c. S., $a ton: 10J-lb. c. s., 45c sack 75-lb sack huls 50c.
 Hay-Choice timothy, $23 No. i timo- thy s22; Johnson grass, sl5: clover mixed, $2G. 50.
The Birmingham age-herald., 1906-06-27
Chicago Change.

Chicago, June 26.-The wheat market today was irregular and nervous, prices ruling from as under to 5s over the close of yesterday for the September option. The close was firm, with September 1ad5sc higher. Corn was up 1Ac. Oats were a4d7sc higher, and provisions advanced 15 to 171sc.
 The leading futures ranged as follows:
The Birmingham age-herald., 1906-06-27

Short Ribs Sides-Loose, s920d9.25 Mess Pork-Per barrel, $1715q17.20. Lard-Per 100 pounds, SS.7711QSs0. Short Clear Sides-Boxed. S9 70Q9.S0 On the produce exchange today the but ter market was steady; creameries, 15Q 20c dairies, 141kd1Sc
 Eggs-Steldy; at mark, cases included, 12415c; firsts, 15c; prime firsts, 16c; ex- tras. 1Sc.
 Cheese-Steady, 10hd11kc.
The Birmingham age-herald., 1906-06-27
Treasury Statement. :.

Washington, June 26.-Todays state ment of the treasury balances in the gen. eraI fund, exclusive of the gold reserves, shows: Available cash balance, $17O543,- 266 gold coin and bullion, $s9,159,292; gold certificates, $4O675,050.
The Birmingham age-herald., 1906-06-27

New Orleans, June 26.-Naval stores Pitch, s45O; pine tar, A.5O coal tar, 3.50 Rosn: A, B. c, $3.55; D, $3.90; E, A.10 F, s4.15; G, $4.20; H, $40; I. $40: K $40; M, $445; N, %.65; window glass, &.75; water white, s4.95. Turpentine firm 571kc.
 Charleston, June 26-Turpentine and rosin nothing doing.
 New York, June 26-Petroleum steady. Resin firm; strained. common to good A.15. Cotton seed oil firm. Turpentine firm.
 Savannah, June 26-Turpentine firm 571ac; sales, ST; receipts, 1129; shipments 59O9 N
 Rosin firm; sales. 16Sl receipts, 34S1 ; shipments 1919; stock. 6l,1A. Quotations A, B. c, g. .55; D, 8. 90; E. A10; F, a.15 G. $4.2O; H. $40; I. $40; K, $40; M s4. 45; N, s4. .65: VIC, $4.75; wv, S495
The Birmingham age-herald., 1906-06-27
New Orleans Cotton Futures.

New Orleans. June 26.-Spot cotton closed easy; sales, 950 low ordinary 9-16 nominal: ordinary, 8 1-l6; good ordi- nary 9ss low middling, 10 3-l6; middling. ID 15-16; good mlddlng. II 7-16: middling fair, Il 1916 nominal; fair, l2 7-fG; receipts. 2749: stock. 66,i23
The Birmingham age-herald., 1906-06-27
Fruits and Produce.

Lemons-Per box, extra fancy, s5 5.50q6. Watermelons-15Q25c. Cantaloupes-s2q2.5 per crate. Tomatoes-Per crate, $1 .500i2. Tomatoes-Alabama, baske. crates. $1@1. .25.
 Alabama Beans-Per crate. green, 754$1. English Peas-si.25. Limes-Per 100, 90c@$1. Peanuts--Fancy, per pound. Sc: No. 2. 5c. Cabbage-New crop, Pc lib. Pineapples-30. 36 and 40 sizes, g. Cucumbers-Per bu., 75cM$1 Squash-Per bu., 75cG$ .25. Peaches-Per crate, 75cm$1.75. Egg Plant-$26I2. 50.
 Cultivated Blackberres-$1 .7jM2. Raspberries s3l4. Huckleberries, s2 .5013. New Apples-sld1. 50 bushel. Onions-New crop, pound. 2h43e, New Potatoes-Per bushel. I5M90c Eggs-Per dozen. fresh, s15c; candled, 16dl17.
 Hens-35c; broilers, 15030c. Butter-Fresh, Sd10c; renovated, 2c; creamery, 25c
 Cheese-Full cream, per pound, 14715c.
The Birmingham age-herald., 1906-06-27
cIearinos and Exchanue,

New Orleans, June 26-Clearings, S,070,- 397; New York exchange, 50 cents dis count; New York exchange. 90 cents dis count; commercial paper, 6 per cent
The Birmingham age-herald., 1906-06-27

Hides and Wool. Green salt hides. No. l, 1Oc. Dry flint hides, No 1. 16@18c. Dry salt hides, No. 2. 14d16c. Clear washed wool, 35m36c. Unwashed wool, 25126c. Bury wool, 14d16c. Sheepskins, 15075c. Tallow. 444hc. Beeswax, 25c.
The Birmingham age-herald., 1906-06-27
Dry Goods.

New York June 26-There was heavier movement today in the dry goods mar ket in bleached and printed goods. Job