davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1906-02-18
port buyer. While jobbers were increas inglv busy.
Iovsnan s. co,,s Marked Letter.

In view of the bearish nature Of the visible supply statement. issued late yes terday afternoon. Liverpool was surpris- ingly good today. closing firm at an ad- vance of two points on the old crop and four points on the new crop positions. Our market failed to respond al the opening to the optimistic note sounded by Liver pool. initial prices being two points under yesterdays closing. Subsequently, how ever. there was some fresh buying, which carried prices as high as 1l.01 for May. At this level weekend liquidation on rather Il large scale, and the market gradually eased off until May sold as low as 1895. There was q slight recovery af- forwards on shorts covering, but prices again weakened before the close. which was steady n a net loss for the half day of two to three points. Spots were of hcially reported quiet and steady al un- changed quotations. Sales amounted to 1650 bales of spots and 550 bales of to ar rive on the basis of 1011-16 for middling. There were no deliveries on contract The week in cotton closes with a distinctly good undertone in evidence in all three of the leading markets. Notwithstanding an almost entire absence of outside speeula- tive support. values have been well main- tained, the market at times showing re- markable recuperative powers.
 The developments of the past week have conclusively proven that cotton can bull itself. General sentiment Is not near so pessimstic as was the case @ short while back, and as soon as we enter the period of bearish comparisons. now near at hand, speculative activity on the long side may revive We believe cotton is a pur- chase on all weak spots.
The Birmingham age-herald., 1906-02-18
Manchester Cloth Market.

Manchester, February 17.-There was a good inquiry for cloth in the market this week and a number of orders were booked for future delivery at firm prices. The Indian business comprised shirtings for Madras, while Rangoon and Calcutta placed orders for light descriptions of cloth. The China business was small but the levant and South America took quantities of fancy cloths. Printing cloths, Mexicans and T. cloths were all In good demand for export and home trade at firm prices Yarn experienced a steady trade. American cops of the better sort sold freely. Some spinners occasionally ask rather higher prices which tends to check trade. Quotations were unchanged.
The Birmingham age-herald., 1906-02-18
SEVERE DECLINES
 IN SHORT SESSION Well Centered Bear Attack
 Made on Market OUTLOOK IS NOT so GOOD Bank Statement Proved More Favor able Than Expected, Only Nominal
 Inroad Being Made On the Surplus.
OUTLOOK IS NOT so GOOD

New York, February 17-Severe de- clines resulted from the active trading of the two hour session today. The selling was made up of heavy speculative liquida- lion combined with a well centered bear attack on the market which was accred- |lted to the generalship of a veteran professional operator with the prestige of many successful bear campaigns in the past. The market evidently was propitious for the success of the attack The re- newed decline of this week had brought prices back to the neighborhood reached tn the decline in January. A fall below this level was bound to have the effect of dislodging speculative holdings which were retained through that decline.
 Added to this feature of the weakness of the technical position of the market the feeling of Encouragement over the speculative outlook which has been gain ing force steadily with the perception of the persistent drop in prices, the action of the market finds sufficient explanation without reference to the news or events having any more substantial bearing on values. The bank statement proved more favorable than expected. Only nominal 1nroad was made on the surplus which 1t was feared might be wiped out. The loss in cash was only about half of what was indicated by the known movements of money for the week. The principal interest attached to the loan item and the contraction reported of S9,6l6,60O was in contrast with the fears that the heavy bond flotations of the week must have caused large expansion of banking credits. The statement of the countrys foreign trade for January published today shows the large resources at command in the foreign market values for eX
 ports over imports
 Total sales of bonds par value $1, ,390000.
 Confidence in the existing level of prices of securities have suffered impairment
The Birmingham age-herald., 1906-02-18

this week and growing disposition to- wards the retirement of speculative com mitments for further advance has been the result. The movement has been active at times. For those who bought securi- ties with the intention of selling and who relied on the fulfillment of the expected prosperity, the market has lacked ab- sorbing powers.
 The reception by the market of some of the events of the week offer examples of the feeling about the prices of stocks which have been brought about by the expectation of these events. The settle ment of the contest over copper properties in Montana was met by wide declines in the stocks affected. The same was true of the action of the Union Pacific direc- tors in raising the dividend rate on that stock to per cent. A comparison of some of the reports in circulation before these happenings with the actual results reveal degree of exaggeration leaving room for much disappointment, on the part of previous buyers. But the market movement is attributed to the operation or the rule of speculative operators to sell on good news in order to realize their profits.
 Cross earnings for railroads for the first week of February show an increase over the corresponding week of last year aver aging near 25 per cent, and for December net earnings are upwards of IS per cent over the preceding year.
 Exports in January reached value far in excess o9 any preceding January in the country's history The action of the stock market, however, seems to register a conviction that these and other like showing have had their sufficient effect already on prices. In the money market the efforts of past measures anticipating the future are also clearly marked. Enor- nous sums were borrowed on time to car ry through the successful speculation of last fall when call loan rates went to 125 per cent without shaking the stock mar ket Many of these loans are reaching their maturity at the present time, when 1t was expected money would be reasona- bly, very easy with the return of currency from the circulation into bank reserves.
 The volume offerings is estimated to have reached over $4OO, 100000 since the first of the year.
 Anxiety has arisen that the supply of capital will be overwhelmed at this rate of absorption which promises to continue according to reports into circulation of other capital issues in contemplation. A large tie up capital is feared and possi- ble displacement of other investments at the high prices ruling to supply resources for the new subscriptions
 The conference to settle the coal miners demands, the weeks outgo of gold, the possible damage to the wheat crop, the Moroccan conference, the legislative ac- tivity against corporations and the large number of departures on vacations of men conspicuous in the financial world are some of the subjects for consideration in enhancing the spirit of conservatism In these speculations.
 Bonds have been rather heavy Tn face of large number of issues announced. United States 2s, and the old Is advanced IA per cent on call on the week.
The Birmingham age-herald., 1906-02-18
Naval Stores

Savannah, February 17.-Turpeutine firm at 6sc; sales, s1; receipts. 12s; shinments lofS Hosin firm; sales, 1427; receipts POST; shipments. 2177; stock, 64124. Quote: A. B. C. D, E, F, ss.s5; G. s. .S5; H, A.15; |. 4.5o; K, s5.16; M, $5.4o; N. s5 90; window glass s8.15; water white, S6.so
 New Orleans, February 17.-Nayal stores steady; pitch, s2.25; pine tar, S. 75; coal tar. $3.50. Rosin. per barrel of 2so pounds: A, B, c, D. 8. .65dS. 70; F, s. 70; F, 5foqo. i21s; c, 8. IOQ3.75 H, A. .10; l., s4 50; K, s5.15; M, s. 40: N, s. 90; window glass, $G1o; water white, s69O. Turpentine firm at 69c.
 Wilmington, February 17.-spirits of ttr- pentine firm at Csc; receipts, Is. Resin firm at 3.6o; receipts. 1O0l; tar firm at sl.s0; receipts, 11s. Crude turpentine firm at s2.sO, s.5O and s450; receipts, 72.
The Birmingham age-herald., 1906-02-18
New York cotton Futures.
Daily Cotton Movement.

Galveston-Firm; middlingi 107se; net receipts, Il, 1,916; gross receipts. Il ,916; sales, l 1047 stock, 1S7, 49S; exports to France, 2015 coastwise, 743. New Orleans-Steady; middling, 10 11-16c; net receipts. 7474; gross receipts, 7474; sales 2150; stock, S06,254; exports to Great | Britain, 24479; to France, 7000; to the continent, 545 Mobile-Steady; middling, 109scs net re- ceipts, 100; gross receipts, 100 sales. 200; stock, 32,547. savannah-Quiet; mddling, 1O1ae; net receipts, 1913; gross receipts, 1313 sales, 467; stock, 73,S79; exports coastwise, 2l44.
 Charleston-Firm; middling, 1O1zc; net receipts, "A; gross receipts, "A; stock, 53, 249.
 Wlmington-Steady; middling, 101ac; net l receipts, 29 gross receipts, 20; stock, 1861. Norfolk-Quiet middling, lie; net re- ceipts, 361; gross receipts, 361; stock, 36, 999; exports coastwse, Al Baltimore-Nominal; middling, 11Ae; stock, 13,259.
 New York-Quiet; middling. Il 25c; gross receipts. 175; sales, 400; stock, 197OS; ex- ports to Great Britain 1769. Boston-Quiet; mddling, 11.25c; net re- ceipts 25 gross receipts 2O66.
 Philadelphia-Steady; mddling, II BOG; net receipts, 30; gross receipts. 54; stock, 3233; exports to Great Britain, 1O3
 Jacksonville-Net receipts, 54; gross re- ceipts, 54; exports coastwise, 54.
 Miscellaneous-Net receipts. 37; gross re- ceipts, B.
 Total today, at all ports: Net, 21,439; ex- ports to Great Britain, 26351; to France, 9015; to the continent. 545 stock, ss6s56.
 Consolidated, at all ports: Net, 21, 43S; exports to Great Britain, 26,351; to France, 9015; to the continent, 545.
 Total since September 1, at all ports; Net, 6,02O,317 exports to Great Britain, 2O46, ,ss9; to France, 565957; to the conti- nent, 1,6S1;252 to Japan, 5S,047; to Mexi- co, 2064.
The Birmingham age-herald., 1906-02-18
Liverpool Cotton Market.

Liverpool February 17.-Cotton in fair demand; prices points lower; American middlng fair G.3s; good midding. 6.oi; middling, 5.99; low middling, 5.72; good or dnary, 5.54 ordinary. 5.3S
 The sales of the day were 5000 bales of which 1000 were for speculation and ex- port and included 7G00 American Re ceipts, 1900 bales, all American.
 Futures opened quiet and steady and closed firm. American midding G. o. C. : February. 5.76: February March 576: March-April, 5.77; April May. 5s0; May June. 5.S3; June-July. 5.s5: July-August. 5.S6; August September, 5.s2: September October, 5.67; October November, ,. .e3 No- vember-December, 5.62.
The Birmingham age-herald., 1906-02-18
Coffee Market.

New York, February 17.-The market for coffee futures opened steady at unchanged prices in the absence of important offer ings, but eased off partial points dur ing the session under liquidation. rather larger interior Santos receipts and some what disappointing cables. The market closed steady, net unchanged to points lower There was considerable switching from March to later positions and the total sales were 75.O00 bags. March, 6.70@ CTS; April. 6.s0: May. 6.90mS.95: Septem- Der, 7.2Gn7.sO December, a45MI50.
The Birmingham age-herald., 1906-02-18

CaSn quotations were as follows: Flour-Dull and easy.
 Wheat-No. 2 spring, S2GS4c; No. 3, 77@ 79c; No. 2 red, S41s@S5c.
 Corn-No. ?, S91sd% No. 2 yellow, 39s4@ 40c.
 oats-No. ?, 291ac; No. white, S1H@ S214c; No. white, 2S1sd3O1kc. Rye-No. 2, 63c.
 Barley-Good feeding, S7st.
 Malting-Fair to choice, 40GBc. Flax Seed-No 1. SLOT; No. 1 Northwes- tern s1.12
 Timothy Seed-Prime $3.35
 Mess Pork-Per barrel. s1550d15.6o. Lard-Per 100 lbs, S7.721kD775 Short Ribs-Sides, 0oose). SO0d$s To- Dry Salted Shoulders. (boxed). Short Clear Sides-Roxed. S. 45G1s.55. Whisky-Basis of high wines, SIPS. Clover-Contract grade, S1415. On the Produce Exchange today the but ter market was firm; cream 17d271s; dairy l7d24lsc; eggs weak, e. l., 131sc; cheese steady, 11%913c.
The Birmingham age-herald., 1906-02-18
Bonds.
Money on Call.

New York, February 17.--Money on call firm; no loans; time loans f1rm O. 90 days and six months 1-2; prime mercantile paper IA: sterling exchange steady. with actual business in bankers bills at 4se.2oQC 4s6.35 for demand. and a t 4s275M4s2. S5 sixty day bills: posted rates 4s3. 12 m4ss and 4S7 1-2 Commercial bills 4s2 1-2G3-4 ; bar silver 66 1-2; Mexican dollars, 51 1-2; gov ernment and railroad bonds steady.
The Birmingham age-herald., 1906-02-18
Interior Movement.

Houston-Qulet; middlng, 107sc; net re- ceipts, 4121; gross receipts, 4121; ship ments, 46S5; stock, 73,S0S
 Augusta--Quiet; middling, lie; net re- ceipts, 635; gross receipts, 635; shipments, 452 sales, 227; stock, s1,214.
 Memphis-Steady; middling, 10Ac; net receipts, 692; gross receipts, 1158; ship ments, 2172; sales, 650; stock, 114,S9S.
 St. Louis-Steady; middlng, 10 15-16c; net receipts, s79 gross receipts. 96l3; ship ments 3623; stock, 43,74
 Cincinnati-Net receipts 765; gross re- ceipts, 7s5; shipments, 169; sales, 300; stock, 15945.
 Louisville-Firm; mddling, 117sc.
 Total today-Net receipts, 6592; gross re- ceipts, 1O,292; shipments, 11,101; sales, 11I7; stock 329 63a
The Birmingham age-herald., 1906-02-18
Cotton Seed oil.

New York, February 17.--Cotton seed oil steadyi prime crude, f. o. b.. 24c: do yell low, 301ad34c.
 Memphis. February 17.-Cotton seed oil, prime crude, 254251ac; prime summer yell low. 2S1sc; prime meal s25.O0; prime cake, s24. .50GD25. .0O.
 New Orleans, February 17.-Cotton seed oil steady; prime refined in barrels, s01hc; prime crude loose, 25lae.
The Birmingham age-herald., 1906-02-18
THE LOCAL MARKETS

The receipts of cotton in the Blrming- ham cotton market yesterday amounted to practically none The prices were un- changed over the preceding day and good middling closed at 10ss cents.
 In the produce market the shipments yesterday were very small on account of if being Saturday. The local sales, how ever, were very good, cabbage and oranges being unuBualDy sfrong The quotations are practically unchanged.
The Birmingham age-herald., 1906-02-18
Live Stock Market.

Chicago September 17.--Cattle receipts So; steady; beeves, $3.75as 30; cows, sl.5O @46o; heifers. g. 4od5.0O; calves, $s 25GDS. .25; s3.70a5.35.
 Hog receipts 1S0O0; 10c higher; mixed and butchers. s5.95a6.25; good heavy. s6 10 q622Iz; rough heavy, S59566.0: pigs S5.6Oq6.O5; bulk, s6 10as. .15.
 Sheep receipts 200O; strong; sheep, ss5O0D 67o; yearlings, s575a6.60; lambs s5.250D
The Birmingham age-herald., 1906-02-18
Mrs. WInsTow's soothino Syrup.

The best remedy for DIARRHOE,A. Sold
 by druggists in every part of the world. Be sure and ask for Mrs. Winslow' s Soothing Syrup and take no other kind. Has been used for over FIFTY YEARS by MILLIONS OF MOTHERS for their CHILDREN WHILE TEETHING. with
 PERFECT SUCCESS. It SOOTHS the CHILD. SOFTENS the GUMS. ALLAYS all PAIN, CURES WIND COLO. and is cents a bottle
The Birmingham age-herald., 1906-02-18
New orleans Cotton Market.

New Orleans, February 17.-Spot cotton quiet Sales. 2200 bales, including 550 to arrive and 600 f. O. b. Quotations un- changed; middling, 10 11-16c.
 Futures opened with the active posi- tions points off. The market was quiet and featureless. The trading continued very light with scarcely enough doing to make quotations. The closing was easy, the list showing net losses of to 3 points.
The Birmingham age-herald., 1906-02-18
Metal Market.

New York, February 1.-The metal mar kets were generally quiet and unchanged in the absence of cables Spot tin is quoted at s36@36. 20. Lake and electrolytfc copper, $17.75Q1s.5O; casting, s17.50I17. .e2Da. Lead, dull S.S5d5.45; spelter, s6O5@6.15. Iron, unchanged.
The Birmingham age-herald., 1906-02-18
chicano ,Chanae.

Chicago February 17.-Bearish news from Argentina and India caused fresh decline today in the local wheat market. For the May delivery final quotations showed a net loss of 7-S. Corn and oats
The Birmingham age-herald., 1906-02-18
clearinos and Exchanqe

Memphis. Tenn. February 17.--Clearngs S91S.3 balances sl4l355.
 New Orleans, February 17.-Clearings 8. .s37, AIS New York exchange s1 per 5000 premium; commercial 50c per sl.Ooo dis count.
The Birmingham age-herald., 1906-02-18
New Orleans Cotton Futures.

New Orleans, February 17-Cotton quiet and steady; sales, POO. Ordinary, [ 15-1Gc good ordinary. 9i4c: low middling. 10isc: middlng. 10 11-16e; good middling. Il 1-l6e middlng fair 11ssc. Receipts 7474; stock. s06. 254
The Birmingham age-herald., 1906-02-18
Treasury Statement.

Washington, February 1T. = Today treasury balances. exclusive of the gold reserve, shows available cash balance of s14s,3s1 ,OS6. Gold s74,959.9 9S9.
The Birmingham age-herald., 1906-02-18
clbert & cIay's Market Letter.


 depression of values on yesterdays close by more than making amends in yester- days range of prices. Spot sales today. 5000 against 5000 yesterday were increased later to 10, 900.
 New Orleans market seemed to be drift in long with the tide, nothing of any importance has occurred or is likely to occur in the near future to shake it out of the rut into which 1t has worn itself. Not even the failure of the visible supply statement to show the expected decrease seems to have any effect. and 1t is more than probable that some informatio of q revolutionary type must be forthcoming before any improvement or any further declines are to be noted. As it stands now, there is a marked improvement in the undertone, which being of itself of in sufficient importance to lift values in any considerable manner, nevertheless de- notes the temper of the trade.
 Cotton of superior grades is eagerly sought, but such types as these are very scarce, consequently transactions are linn ited in volume Whether or not the hold ings of the interior represent a large per cent of this class of cotton is merely a matter of conjecture, but there is no fla vored inclination to look for support from this source yet. And when conditions such as are existing at present are taken into considerat ton, with the temper of the trade showing such a decided disinclina- tion to follow news of a favorable char acter, or to the contrary, 1t seems more than probable that the tactics which we have always advised should be continued, for speculation being non-existent, scalp ing operations relentlessly rule.
The Birmingham age-herald., 1906-02-18
Dry Goods

New York, February 7.-Buying in the dry goods market today was influenced to certain extent by the presence of the
The Birmingham age-herald., 1906-02-18
0rOyilleDredgingYielding lOtOl5% NEXT REGULAR QUARTERLY DIVI-
 DEND MARCH, 1906.

DEND MARCH, 1906. At the rate of 10 per cent per annum. With the addition of four new dredges. the funds for which are provided. the dividend rate will be increased
 IS Per Cent Per Annum in 1907 Earnings as estimated will be over 20 per cent, and after paying divi- dends
 sinking fund will be established to return the capital invested when the prop erty is worked out.
 Orovlle dredging Is a consolidation of four going dredging companies and was floated by the
 Venture Corporation of London in August, 1905. The Venture Corporation are responsible for the magnificent suc- cess of the Camp Bird and Esperanza mines; both steady dividend payers. Oroyille Dredging owns over 2OO0 acres of tested land. estimated to contain 114.- GO00OO cubic yards of proven ground, con- taining a net value of
 $e,s71 ,ooo.
 The company Is operating 12 dredges and is building four new ones.
 Capital oo,0oo-Par Value $500. We act as Brokers only in this stock and recommend it as q sound mining investment. It can be bought and sold readily and the market quotations appear daily in the New York Sun, New York Evening Mail, New York Commercial. Full descriptive letter will be forwarded upon application.
 CATLIN & POWELL co.
 Mining Share Brokers, 35 WALL STREET, NEW YORK. DREXEL BUILDING, PHILA., PA.
The Birmingham age-herald., 1906-02-18
Feed Stuff.

Corn-No. mixed. 62c; white, 63c. Oats-No. 2 mixed, 43c; No, white, 44c; white clip Ace.
 Pure wheat bran 80 or 100, $22. Cotton seed feed meal, S26; prime. S2S.50. Corn chops. Sl0.
 Corn hearts S115
 Shorts. 100 pounds, s24.
 Hulls-S0-lb c. S., s9 ton; S0-lb c. s.. 4Oc sack; 10O-lb. c. S.. S9 ton; 1O0-lb c. S., 45c sack.
 Hay-Choice timothy s19.0O No. timo- thy, $1S.0O Johnson grass, S14; clover, Sl6.
The Birmingham age-herald., 1906-02-18
Fruits and Produce.

Lemons-Per box, extra fancy, s 300 400.
 Florida oranges, S2,75d3; California na- vel oranges, $2.75d3 grape fruit, s344. Apples-Northern grown, per barrel, fancy, $550@6.O0.
 Tomatoes-Per crate. g .0Od2.50. Limes-Per 100. S1.25
 Bananas-Per bunch, fancy stock 75c0 $1.25 bunch.
 Peanuts-Fancy. per pound. 6c No 9. cents.
 Sweet Potatoes-Yellow yams, 90d95c. Celery-Per dozen, 75c; per crate, $4. .50. Cabbage-2c per pound; new crop Flor. ida cabbage, $2 .25 per crate.
 Egg plant. $500 per craia
 Lettuce-New crop, per crate, 8. Potatoes-Irish potatoes, 95c1$1 .05. Tennessee Second Crop Tru. Seed Potatoes per bu. $110.
 Turkeys-On foot, 13Q14c; dressed, TO 1Sc.
 Game-Rabblts, per dozen. $i.50a1. 75; quail, per dozen. $l.7502.00
 Eggs-Per dozen, fresh, 15016c Hens-55M37c chickens, large, 256i3Oc medium, 20N25.
 Butter-Fresh. 1s@2Oc; renovated, 29c; creamery, 32c.
The Birmingham age-herald., 1906-02-18

When it prints good. 1t is . good out The Gawk Engraving ca
The Birmingham age-herald., 1906-02-18
ooal stanIe Groceries.

Sugar-Granulated, Sc; Y. C.. 1-4c. Flour-Fancy patent, $5.75 standard patent, s5.25 straight, $5.
 Coffee-Green, 116l13c; Arbuckle's, $15.55; Porto Rico, $15.55
 Meat-Dry salted ribs. Sc; dry salted rib bellies Szsc; extra clear, Sc; hams. fancy, 131hc; mediums 121ae; bacon bellies. 11hc; California hams, sac.
 Lard-Leaf, sssc; compound lard, 618dic, Molasses-Cen 30G35c; sugar house 40c; Georgia cane. Bic.
 Beans-Navy ;2.25 per bushel; hand picked Lima, 7c.
 Grits-s2 pounds. s1.65.
 Meal-"Jm Dandy" s1.12.
The Birmingham age-herald., 1906-02-18
Ware a leland,s Market letter.

The visible supply statement being rather disappointing, and feeling here so pronouncedly beaIfsh break was looked for in Liverpool this morning.
 To the surprise of many futures closed there two higher.
 It must be that in Liverpool the same market conditions exist as over here. namely, that long interests are well liqudated, and one bear waiting for the other to sell 1t down for him.
 It is this condition which makes the leading New York talent work for tenn poTary upturn. and the steadiness of Lv- erpool fits well into the program. With this week we have the last of bearish comparisons behind us, and against rap idly increasing movement last year. there are signs of'exhaustion showing up every where.
 Professional scalpers sold the market here around the opening, but ran quick when New York did not follow.
 As with the elimination of the general speculative long interest. sentimental bear selling must help out shorts the risk for shorts has increased considerably and any little disappointment during the planting season can give the market good bull turn once more.
 Caution on the short side advisable. and buying on good depressions preferable.
 Spots quiet and steady; some business. Buyers tell us that offerings are light. and that 1t is hard to buy cotton.
 Interior markets report more inquiry. Good cotton getting scarce.
The Birmingham age-herald., 1906-02-18

Hides and Wool. G. s. hides, 9a91sc Dry flint hides, No. l, 16n17c. Dry salt hides, No. 2, 14QDl5c. Clear washed wool. 35436c. Unwashed wool, 25426c. Bury wool. 15c. Sheepskins. 15a6Oc. Tallow. 4Q4K2c.