davidaulloa/AmericanStories huggingface dataset:
The Montgomery advertiser., 1906-06-12
COTTON LETTER.

Direct Private Wires to c. G. Aber-
 crOmbie, & Go. 32 Commerce st.
 New Orleans, June 11.-There was another disturbance in market today, there being a whirlwind of excitement in the July position which was raised from a level of II. 04 at close Of Sat urday to II. 30 today. finally going out at II 26.
 There is no need of the raising of storm signals, nevertheless longs are making every effort to bring about a general scare by taking advantage of the situation. Offerings of July con tracts have been advised against by commission houses. and as there is. or rather had been some short interest in the July option against cores bonding long interest in October and winter months, straddlers having play ed market for a narrowing of differ ences. manipulators are atiwork in an endeavor to force straddlers to cover by raising the short end of their trades out of proportion to distant months.
 In keeping such conditions, reports and rumors of every conceiVable char acter have been invented and put afloat to make the situation appear all the more dangerous than it really
 Reference has been made to the fast diminishing of stocks, in the interior and at the ports, when as matter of fact holdings are nearly up to the the record market of last year . 722.oOo bales including Columbia, s. C., com y
 As for new crop prospects, condl- tions could hardly be more favorable, the only complaint being dry. weather in districts of the west gulf section of the belt.
 Business has not been heavy enough to have permitted the accumulation or a large short interest In summer months and the export movement has not been large enough to reduce the visible supply in the United States to danger proportions
 Such spurts as We have had today are not at all impossible. and future events will show that sway of pendu- lum in another direction was not at all improbable.
 The threatened drouth in the eX- treme section of the southwest is at tracting attention, but as yet no harm has been done, not even to the corn crop which would be the first to suf- fer, s
 There is. however a possibility, of the dry spell extending into the last half of the month in which event d drouth scare might develop,
 Of late very high temperature has been noted in the districts of New or leans and Galveston, both districts re- cording an average maximum temper ature of 96 degrees which is more Ia veroble to tha production of rain than if the temperature was 10 rema lh low.
 As yet there Is no relief in sight but partly cloudy weather is the fore cast for east Texas. -o
 Spots here closed steady. sales 800 to arrive II .50 mids Il Is.
 c. c. Abercromble 6 Go.
The Montgomery advertiser., 1906-06-12
COTTON.

New York. June 11th.-The depart nent of agriculture in a statement pub lished late this afternoon practically admits that the increase in acreage over last year is barely four per cent, and that the difference of over two per cent. between this figure and its previous estimate of the increase was added to offset last years under-est- mate of the acreage and the crop.
 This Is most important. Aside rom the admission plainly made that this years actual increase in acreage IS barely four per cent. 1t attests the fact that even the department of ag- riculture has not been immune from the disposition to correct the mistakes of last years under-estlmate of acreage, condition and crop by an ver-estimate this year. It brings us almost face to face with the real truth of the situation, namely that the preciably. if at all. that under the ex- isting conditions of labor the south has never produced a crop of eleven million bales from the acreage planted, and that a perfect condition Is needeo benceforth for a production even up to the work minimum requirements, ana that the slightest impairment or tnis condition means a prospective scarSi.y of cotton so acute that an eXtraordln- ary advance in the market will become inevitable. As the condition and prog ress of the crop now becomes matter of such supreme importance l shall feel obliged if my frientls throughout the South will telegraph me promptly not more than ten words. night rate, 2t my expense. of any impairment that shall become noticeable. and l shaIl especially appreciate 1t if my friends in inc States of Alabama. Louisiana, Mississippi, Texas, Oklahoma and Tn, dian Territory, where the boil weeVlff any serious damage from the depreda- tion of the pest. r IT p.,.a
 (Signed) Iheo' IL Frice'
The Montgomery advertiser., 1906-06-12
Chicago Grain and Produce.

Chicago June 1i-Clear weather in the United States had a weakening influence on the local market today, being off l-2@5-s. Corn was up 1-s@ l-4 Oats showed a gain of Is. Pro- visions were 1-2 to l5c. higher.
 Wheat weakness in the market devei- rest of the day the market held fairly steady at a moderate decline. The feeling was quite firm with the imme- pool cables, but before the end of the first hour the demand had shrunk to small proportions and throughout the remainder of the day the , volume of of for the inactivity was the government crop report which was made public only a few minutes before the close of the sessions. and too late to have any conditions in all sections of the coun- try was the principal cause Of the weakness during the. last half of the in the Northwest, also in the South west, where harvesting is in progress, and showers were reported in Kansas and Nehraskka. where rain Io.ss IS gffeasiy feasS July opened Is lower to 3-s higher at s1 IA to 3-4. sold off to S3 1-2 and closed at s3 s4 7-S. Clearances of The amount on passage decreased 2,- sSO.000 bushels. The visible supply decreased l,027,000. Primary receipts were 421,000 bushels against 299,000 bushels for the corresponding day last year. Minneapolis. Duluth and Cal- cago reported receipts: of 302 cars against 284 cars last week and 3l2
 Reports of damage by drought to the corn crop in Kansas. Missouri and Nebraska caused bullish sentiment in the corn pit. Commission houses and cash interests were the chief bidders and offerings were scattered. Tn mar ket closd firm July opnen Is to 1-4 highr ut 51 5-S to S-4. sold off to 51 7-S and closed at 51 5-s@3-4, receipts 473 cars, 204 of contract grade.
 Trading in the oats pit was active and the market was firm. There was good general demand for the Septen- Der delivery, but July was in small request. Belief that the government crop report would be of a bullish char acter caused activity in the September option. The report sustained this 2pin. a condition of S6. The market closed firm. July opened unchanged to 1-4@ 3-S higher at 37 5-S to 7S@3-S, sold between 37 1-4 and SS. and closed at 37 3-4. Receipts 176 cars.
 Provisions were firm on active de- mand by local packesr, which was bas- ed on an advance in the price of live september option. At the close sept ember pork was up 15c. at $16.65. Sept ember lard was 12 1-2 higher at $907 l-2 September ribs were ' 1-2W1Oc. tirher at S937 1-2@$9.4o.
 Estimated receipts tomorrow: Wheat eight cars; corn 404, oats l92; hogs 2e, 900 head.
The Montgomery advertiser., 1906-06-12
MARKET FOR COTTON
NET ADVANCES OF TO 5 POINTS
 AT THE CLOSE.
The Tone is Generally Steady Through out the Session and Sales for the
 Day Are Estimated at c5O.0O0 Dales.

New York, June 1.-The cotton market was generally steady during today's session and closed steady at net advance of four to five points. Sales of the day were estimated at 250,000 bales The opening was steady at a net advance of to points in re- sponse to higher cables than expected:
 The weather accounts were good from all points except South Texas, where no rain has yet fallen or IS Tn sight for the immediate future and the market eased off point or two on near positions immediately after the call. It quickly firmed up however, on the strength of July in New pr. leans. Various rumors were clrcuiated here as to the meaning of the July firmness and the market advanced 10 a net gain of 10 to i3 points during the middle session.
 Realizing at the advance caused partial reaction in the afternoon, but the department of agriculture con- cerning the recent acreage estimate which was published about two min utes before the end of the session. The close was about five to six points off from the best on the active months. Southern spot markets were unchang- ed to 1-Sc higher.
 Receipts at the ports today 4,242 bales against LOOPS last week and 12,- 192 last year. For the week 10000 bales against 55,170 last week and S0,- 3S5 last year. Today's receipts at New Orleans. 9S6 bales against 3,595 last year and at Houston 455 bales against 3,ss6 last year.
The Montgomery advertiser., 1906-06-12
MONTGOMERY CURRENT QUOTATIONS Corrected Daily.)

These prices are at wholesale and nos to ossssaurcbHcorn s01oc; standard goods pearl shc; gloss lump s%e: nickel pack AH HRiceEExtra fancy sKc: head 4@bo: brck-
 Sait-Liverpool si; Virsinia 500
 f,offee-Green. common sh @10c; prime 1oL 9i0hc:N choice 11Sl1hc: fancy l2@ ~Seandies-stick sc: fancy s@1oe:
 Crackers-XxX soda she; XXX ginger 'I FIour&Basis of barrels: High patent ss; fancy patent SG.2s sS so 6af peP Passe ssek siso'
 Meai-7oc; pearl roc; peerless 7Sc: chops ''f. Lard-Leaf. exc: compound 7Ec: basis Ham %Hams-Dove 15o: others 1sh9I4e. corn chops roc. white corn 74e; oats mix ed 4sc; White 49c: white clipped soc: tlmo- thy s!. o6: Johnson grass 'Oe' rust proof cotton Seed Hulls-Loose. per ton $7.5o; baied sS. 50; sacks ss'5o; cotton seed meal '-f Fruit igH; and Producenold potatoes $1.15 rsd' stock s5 bbl: Louisiana oions $l 65 sack; white peas $2. 25 bu.; apple and white wine vinegar lSe gal gal tdnd, fancy full cream Se ib; lemons S5; 50; tomatoes $2.s5R Ss75 crate; snap beans s2eo*2, 25. crate; Crate: erste; cantaloupes $3Qs5.25; watermeions -0fi GfiiIdes-Dry. Hints 10c: dry saIted I7o: otsen salted t9c.
 Wool--Clear 2ae to 2AG
 Beeswax-2bc
 Chiekcns-Hens 30 q 35c: rrvers s5c. broil- ITS 20u2oe
 canned Gooes-salmon chums Sl; pinks Sl.lO; Coiamoia River $l 30: aockeyea Sl 90; sardiaes, American A oil $2. 76: mus sard S2 50. imported s79$l4. oysters E. W. A-oz. s5c. 5-oz.. COG; light VI eight 65o doz.. tomatoes. 2-!b- Si S-lb. SIZE
 Moiasses-Georgia cane. barrel sso per gallon. cases, gallons & co per case: maple syrup. Log Caoin. gallops &14; galIonr S7 60; quarts S4. 25 Der doE
 SugaT--Cranulated he; Y. r. c. 4ke
 Country butter-l2 1s C 20c.
 Eggs-16c.
 seed-Rye S1 per bu; wheat q. .05; barley $l; crimson clover 12c; alfalfa l4 Q 20c pee grass Is O fSc.
The Montgomery advertiser., 1906-06-12
COTTON LETTER.
By Private Wire To Loveman & Co.,,
 36 Commerce Street.

By ksr1thtc Nffe 10 LOVcmnu C Sc..
 38 Commerce Street.
 New Orleans, La. June 11-Specu.. lative activity in cotton was centered in the July position in this market to- swas the chief feature of the trading il. the half day session last Saturday was resumed on a much larger scale at the opening today The ,ItEy July position, an exceedingly strong one. owing to the continued good demand for spots light offerings. the falling off in recepits and the small stock at this port, was ren- dered all the more interesting by the fact that a prominent local operator. who has always. been actively identl- fled with the bull side of cotton. pleasure trip which he was to have started on last Saturday. On seeing at the ring side. this morning. good ciusion that there would be some, thing doing" in the July position, ana not few bought on this assumption. Most of the buying, however, was for tic efforts to cover carried prices on this position as high as 11:30. While July was advancing so rapidly, the new crop months were eomparasiVettSS tS widen to such an extent that good manys stradeles put in between Jury and October or December had to be un- on ench straddle. Operations of this character are apt ts become more nu- merous should the differences between July and the new crops widen SUI iur- ther as there are unquestionably a great quantity of straddles made at narrower differences, that have not yet been undone. On the extreme advance taking by some of the long interests. W hich did not consider 1t advisable to permit too much sharp an advance in Fqe FranS Say R. fIsr aaynie, wi Who were e" closely watching developments at the rlng side showed any disposition to bid the mar ket up on the frightened shorts;
 Port receipts today were only, 4,242 bales as compared with 12,0S9 this day last year. Exports, on the other hand, were In the neighbornood or 25'Oo9 presses at this port has been reduced to 54,000 bales. The good demand for spots continued ard the market was reported firm and Is sg higher .nS MS ram am drought in the southern portion Of that State remains unbroken. Tn otnsf States where rain is not so badly need cd. the not, dry weather has been con. ducive to the growth of the cotton plant which is beginning to fruit Iicely and blossoms being reported After such a big advance as. the mar ket has lately had. a good reaction would seem to be strictly in order. out the situation especially with regard to the July position, appears to be too strong to warrant the expectation of more than a slight temporary decline We do not consider 1t advisable to sell short of July contracts In this market even at the present level except as 2 hedge against purchases of the actual article However, we do not think that conservative selling of the new crop months on any further advance Is ann pie to prove profitable In the long fun ss crop prospects generally speaking are good.
 Yours truly.
 Loveman & Go.
The Montgomery advertiser., 1906-06-12
THE STOCK MARKET
MARKET WAS VERY DULL AND
 MARROW.
The Speculation Was Confined Almost Entirely To Mere Handful of Act-
 i've Issues Partfcuinriy

Entirely To . Mere Handful of Act- i've Issues Particularly
 St. Paul.
 New York, June lf-Price movements in today's dull and narrow stock mar ket were confined almost entireiy to mere handful of the active speculative Issues, particularly St. Paul.
 There has been a great deal of gos- SID recently regarding the financing CT the the co,mpany,s proposed Pacific S9as' ,a nately good and bad, today's being ,a fayorabie character with hints of val. rabie rights Diiigane Inquiry failed ports, which were industriously, circu- lated by clique of professional oper- ators; In fact the market was again completely dominated by this element. Pacific and Amalgamated Copper was of the sort vaguely described as good" The tendency of the list, how ever, was heavy in spite Of the sup. port given to the issues named. The very general disposition of the profess sional trade was to reduce their ooin- the governments monthly crop report was doubtless largely responsible for the small mass of the days business Interest in the, report was unusally from the Middle and Southwestern States, were generally optimistic. Ths the remote sections. Railway officials reported general increase of tonnage. while the receipts of cereals at Chicago for the last week were greatly in excess of the same week last year. Reason for the strength of the copper shares was found in the report of the Amalga mated Copper Companys subsidiary concerns which showed an increase In ret earnings for the year ended June 1 of over $5.000,000. Of this sum Ana conda contributed about s3,500.000. The official crop conditions wehe posted in the last hour and seemed to be sufh- ciently favorable to bring about 2 wheat acreage Is in exces of last years for June while winter wheat is condi- tioned at S3 as of June 1, compared with Sl last month, s5.5 in June of last wear. and TIT in Juno 1904. In addition to St. Paul, which made a net gain ot three points, Defeware and Hudson ad- vanced 6 3-4, and Union Pacific l 5-S. The local money outlook was reas- surfing though foreign exchange was still high. Call loans were made be, low per cent, though that figure was the prevailing rate of the day. Over- year money continued in strong demand and some long tipse loans covering that reriod were made at per cent on high class collateral. Further large trans fers of currency were received at the sI b-treasury from San Francisco, and Washington advices indicated even lar weeks end. Bonds were irregular. To- tai sales, par value, $230o 900. United States bonds were all unchanged oa call.
 NEW YORK STOCK LIST
The Montgomery advertiser., 1906-06-12
DAILY COTTON MARKET.
Port Movement.

Port Movement.
 f.alveston--Ffrm, Il hc; net receipts 500; gross receipts s55; sales lSz; stock 4@iSS' shipu1ents to continent 11.015. New OrIeans--Steady, Il 1sc; net receipts sss: gross receipts asSi sales ='Voo' s'ocA s0.4os ,. aos. gross receipts sos; sales 600: stock 1s.5S4: seyannah--Quiet. 10Aci net receipts 2S6 sross receIpts 236; sales 122: stock So.O5l. CNarleston--Firm. 10%c; net recei2tts 4s: gross receipts AS; stock s'oIe. .,.z wyiinington--steady, iohe; ,a net re receipts iP $ StNorfoIk-Firm, 11hc; net receipts s57 i; gross receipts SIT: sales zOS; s.och -o'oof' shipments to Great Britain l.4Se; -ooo,n+s Baltimore--Nomlnal' At7sS' W New York@Quiet, Il. 25; gross receipts ssse: sales 1, 46s: stock 15l,5sS; shipments to soaanMouiet soaoine1o II 20; net receipt 2; gross reGs1pd eGpsh1piladeiUhia-ouiet 1i.5o; net receipts bo: gross receipts 150; stock s'zse
 Total Movement.
 ro.o, todav at all ports. net 4,242; snip v,snts to Great Britain l. 436: 10 continent ie4ls; stock 436.12s .77. .h,r- Consolidated at all ports; net net sf ,aaPa sm,p z soos to continent 21.4s3; to Japan o59, O'STofai since Sept l. at all ports net ,SSe,- :, sas shinments to Great Britain 2;sSs; l25 :; to France 674.To5; to continent @'4o"'''A' U Japan 116.464; to Mexico N''
 Interior Movement. .,... pouston-Steady. Il 1-l6c; net Ieceipt . 455; gross receipts 45S; shipments A'4' s'0em '0enmrulsts.steady. Il s-1sc: net receipts 5A .ss. gross receipts 4ss; shipments l27; sales alMsssmSn1ii,s@steady. S1i o lie: net receipts ss'
The Montgomery advertiser., 1906-06-12
I. l.. JONES, PROMOTER INVESTMENTS LOANS NEGOTIATED.
 No. 10 s. Perry St. '"

There is no success which is half so sat- isfactory as that won by one's own fore sight and shrewdness. large measure of success is unobtainabie by the average man of small income. It is the outside investment which works while one sleeps and repro duces itself over and over again; that must do it for him. There is no field of human effort which is so productive of immense are paying from 25 per cent. to 600 per cent. in dividends per annum are counted this.
 The history of mining does not chronicle conditions such are now known to exist at the capuzaya property. They are unique and amaze the most experienced mining men and experts.
 The stock of the Capuzaya Mining Com pany is safe an investment . first mortgage the most valuable real estate and 1t will pay ten times as much dividend. Nowhere can investment be found com bining the clements of safety and extraor- dinary large profits as Capuzaya does. Neither fire, flood famine. or pestilence can depreciate its value.
The Montgomery advertiser., 1906-06-12
NEW ORLEANS SPOT COTTON.
NExV ORLEANS COTTON.

steady at an advance of Mc; middling iIMc; sales were $50 bales on the spot
 Futures opened quiet with prices un- changed to,four points , higher than ,ssro satnro uS todav's market covering by shorts and some fresh buying by longs putting it up 9s noints The other active positions ad-
 onred eight points. On the closing July shnwed a net advance of 21 points and the iate positions an advance of six points. The tone of the market on the closing was steady.
The Montgomery advertiser., 1906-06-12
THE METAL MARKEra.

New York. June ll.--Ihere VIZ snaFp decline in the London tin markel which Is still speculatively excited with spot closing at f1Sl 12s Sd and futures at flsi. Locally abroad. closing at ss9 70t9 $39. 4O
 Copper was 2s Cd higher to 2s Sd lower in the English market, spot closing tS6 2s market was firm and unchanged with Lake quoted at S1S.754 e19.0o; eleetrolytic at
The Montgomery advertiser., 1906-06-12
NEW YORK nRY GOOns.

New York. June 1.-The dry goods market was at standstill today because of deadlock between buyers and sellers on future contracts. Some shading of prices was noticed the wide print cloths and staple brown and bleached goods of coarse construction. but no quotable change took place in the market as a whole.
The Montgomery advertiser., 1906-06-12

gross receipts 192: shipments 1O6: sales 1000; stock 1a.252.
 St Louis-steady. He; net receipts 47o; gross receipts 720; stock 30.41s.
 Cfncinnati-Net receipts 19l: gross re- ceipts 191; shipments lSs: stock s.765
 Isouisville-Frm. 11&c.
 Total today-Net receipts 1,215; gross re- ceipts 1.7e1: shipments i,315; sales LOST; stock ll7,oo2.
The Montgomery advertiser., 1906-06-12
NEW WORK PRODUCE,

New York, June ll.--Cotton seed oil. easy; prime crude fob. mills BOG: do. yell Coffee spot Rio firm; No invoice 11-16c; mild quiet; Cordova Sh 911%c. Sugar quiett. refined steady.
The Montgomery advertiser., 1906-06-12

SIS. STA e 9s1S.75: casting SIS 25@s1s.97M
 Lead was unchanged at f17 in London and at S5. IS @$5. e5 in the local market.
 Spelter was unchanged in both markets, closing at f27 15s in London and at S6. co O $6 10 in the local market
 Iron closed at sos Sd for standard foun- dry and sos 10kd for Cleveland warrants in the English market. Locally no change reported.
The Montgomery advertiser., 1906-06-12
NEW YORK COFFEE MARKET.

New York, June 1l.-Coffee futures open ed steady at an advance of S01o points in response to steady European cables and covering Of shorts Trading was moder- ateiy active and the market added slgnt ly to its initial gain during the middle session with the close steady at a net aa- vance of 1oI IF points Sales were report ed of about 4G.eoo bags. including
The Montgomery advertiser., 1906-06-12

New Orleans. June 1I.--Suear quiet open kettle centrifugal 3@3 7-16c: centrifugal whites 3%c; centrifugal ysllows 3% Q %e; seconds 2h 03Mc.
 Molasses and syrup unchanged
The Montgomery advertiser., 1906-06-12

NEW ORLEANS COTTON OIL. New Orleans, June 11.-Cotton seed oil steady; prime 36 hc; crude 3lc.
The Montgomery advertiser., 1906-06-12
MEMPHIS COTTON OIL
NAVAL STORES.

Memphis, June 11.-Cotton seed oil; prime crude 3O@3Ohc; prime summer yell low 33c; prime meal $26. 25 @ $2S .b0; prime cake $26 25.
The Montgomery advertiser., 1906-06-12
KANSAS CITY LIVE STOCK.
CINCINNATI PRODUCE.

Cincinnati, June 11,-Fiour steady. Wheat easier S9 q 9lc. Corn strong 52lsc. Oats firmer 3Sc Rye quiet 6sc Provisions steady: lard $S 50 bulk meats $9, S7A. bacon s10 %. Whiskev dull sl.?9
The Montgomery advertiser., 1906-06-12

Mexican Central As .... .. so
 Mexican Central 1st Inc. .. so% Minn & St. L. 4s .:. ss.s Mis-, Kan. & Texas 4s ss Ma, I'd R of Mexico con As - ....s SAX N. Y. Central gen. hs sSss N ! Central gen 5s . .... ... .127h Northern Pacific 4s - .... ... .104%
 do cs .... ...... 76
 Norfolk & west con Is -. .... .1ooN Oregon short Line rfdg Is .... .... 94h Penn ~ shs ... .... 9s
 st seadh o Iron Mount con. 5: ..... .iis4 St |. & s F fs as i. s.... '.... sssH Eeaboard Air Line 4s Ssh Southern. Pacific as .... .... BE- sz
 do. ist 4s certificates ''.' '"",ssa Southern Ky. 5s '..' ....a1o Texas & Pacific igts .... .1sd Union Pacific Is - ... .... ..ie4h \: s, Steel 2nd 5s .... .... ."., ,ss
 Wabash lsts .... .s.s t'''A Wabash Deb. B. .... s5E West Md. As .... -. -. ss s" Wisconsin Central As ...... s2
The Montgomery advertiser., 1906-06-12
rprAsrrRy RAIANcrs.

balances exclusive of the gold reserve shows Available cash balance ..s166.o55. l6S Gold -. . .... .... s3.7s9.6s2
The Montgomery advertiser., 1906-06-12
dARINE NEWS.

New Orleans June 1l-Cleared: strs. Monviso. ItaL. Revello, Genoa and Palermo via Pensacola.
 Bark. Fortuna. Port, Velha. oporto.
The Montgomery advertiser., 1906-06-12

Port Eads. June 11.--Arrived strs,, Co lonian, Br. Chadwick. Cardiff Comus. Kembel. Olympia, Br.. Galt, Port Barrios.
 Sailed strs,, Taunton. Nor, sorensen, Eldorado. Prescott, New York.