davidaulloa/AmericanStories huggingface dataset:
The Montgomery advertiser., 1908-05-02
THE STOCK MARKET

New York. May f.-stoeks developed strong tone again today under the inspira- ton 9t demonstration. effected in St. Paul ny mouse credited with representing interests Influential in the company and leaders or many extensive speculative move ments in the past News developments to PauIs ieo.ooo.ooo stock issue in December of 1906 Anticipated the exhaustion of the capital suDnlis. % .in the market and toetssr Northern and Northern Pacific was given large responsibility for the gIutted condi- ton in which the market for investment SC. financing accomplished at that period left these companies at less disadvantage in the different circumstances which developed is the later financial crisis.
 This advantage ts cited to account Tor the present extraordinary strength of the group the two Hiii stocks sharing in tho benefit In the rest of the list. the strength shown was more moderate and some por- tions of the list did not extend at all. stage of activity when highest prices were touched on Tuesday and Wednesday Penn. sylvania rose quite conspicuously in face or top price. This was in consonance with the action of other stocks on which dfvi~ dend reductions have occurred recently. mo- % is indicative of how far the reductions have been discounted In the speculation. Some effect on sentiment vas produced by the se. sence of further gold export engagements for tomorrow's steamer.
 Foreign sxchanse rates here. in fact re- ceded during the morning, while the private discount rates in London and Paris were reported lower and there was sharp ad- vance in the Paris rate of exchange on Lon don, all these movements serving to re- -Iieve the pressure on New York for gold In addition to this cessation of the gold ontgo, the preliminary estimates of the currency movement with the interior gave evidence of the sustained heavy flow to this center. Losses to the sub-treasury which inciude payments for gold exported and some re- turns of government deposits in anticipation of next weeks call. amounted to s4.7s6,oOo. but this apparently has been offset almost ten fold by the receipts on balance on the interior movement. Another substantial ad- dition to banking cash Is thus promised,
 limited States Steel was backward ana Copper was lower both in London and New York. Of damage to the crops were ignored stock exchange holiday in London con tributed something to the dufiness of the market The closing tone was very strong and with prices rising rapidly in some d. rections.
 ue s2, 46o, 900. United States bonds were un- changed on call.
 CLOSING STOCK LIST.
The Montgomery advertiser., 1908-05-02
RRApsTREET,s REPoRT.
Weekly Review of Trade Reports Trade
 as Qutet.

"
 as Qutet.
 New York, May 1.-Brsdstreet's to- morrow will say:
 Weather conditions have been unfa- vorable to distributive trade this week and a rather quiet trade is reported the country over. Jobbing trade has remained quiet with business confined to small filling in orders. FaH bust' ness has shown no particular Increase in activity and orders are still scarce. The disposition seems to be toslet the jobbers carry the goods and manufac- turers are likewise disinclined to make up stocks ahead Of orders.
 Collections are still slow and exten- sions asked for or granted are still feature. Thus far industrial output shows little or no disposition to ex- pand. Curtailment is stlll the feature In textile lines and some leading cen- ters report production 40 per cent. off the normal. Iron and steel industries show little change from preceding quiet conditions except that talk of price re- auctions in the crude iron branch is becoming more pronounced. while fin- ished lines hold at previous quotations. Railway tonnage is at very low point, idle cars have increased to a record total with coal cars prominent, indicating that this trade is especially short of work. Foreign trade Is duier as a whole, but some improvement IS reported in export demand for cereals of the smallest shipments in two years The best points in the situation are the more cheerful Ieeilng as 10 the ability of railroads to borrow and the undeniably good outlook for the win- ter wheat crop.
 Business failures in the United States for the week ending April 30 number 282 against 254 last week and 163 in the like week of 1907.
 Canadian failures for the week num- Der 22 as against 36 last week and IS in the same week a year ago.
 Wheat Including flour exports from the United States and Canada for the week ending April 30 are the smallest for two years, aggregating l.620,529 bushels against 2,417,003 last week and 2.234.T56 this week last year. For the forty-four weeks of the fiscal year the exports are 17S.417,2S bushels against l43, ,S0O,621 in 1906>07.
 Corn exports TOT t9e e, %esA St9 lsst e xosk 1osi and l,197.695 for 1907. For the fiscal year to date the exports are 44.022. .407 bushels against 63,42s,937 in 1s06-O7.
The Montgomery advertiser., 1908-05-02
INpUsTRTEs oF souTH.
General Activity Reported to Manu
 faefurerms RewarN .f.

General Activity Reported to Manu-
 faeturers' Record.
 Baltimore, May 1- cspeciai.l--In ed- leans, The Manufacturers Record this week calls attention to the active work which is under way on many import recent financial depression, as indie ative of the spirit of-advancement which is seen throughout the South. One Of the greatest industrial enter South is the immense sugar rehpery which is being built at New Orleans by the American Sugar Refining Com pany at a cost of several million dol- lars. to have a capacity of l2.0o0 bar rels of sugar a day, which would mean an aggregate output yearly to main building, fourteen stories high, ground for the half-a-dozen or more other buildings being raised between splendid wharf about LOGO feet long and two stories high, also under con struction. It is proposed that this of much of the West and Northwest. thus adding to the sugar interests of Louistana 8 great refining business basedi on foreign sugars. which will be imported in large quantities for this
 A few yards away from the rcfin- cry, whose site is between New Or lGdnb ana EOEI Onal1oLIe, the EEtSC0 System and the Southern Railway arc completing their large wharves and docks, including slip, which Is really great basin, dug at right angles depth of forty feet and sufficiently large, to furnish loading room for six of the. longest ocean steamers at the same time, and wide enough to per- init any one of them to turn within 1t. The wharYes on the slip are in ries high.
 New Orleans is also expending upon the construction of new hotels and the enlargement of existing ones. about $5.o00,0o But probably the most i'm. portant and far-reaehing work which is under way in Louisiana Is the re- clamation of overfiowed or wet pratt rie land. Of which several hundred thousand acres have recently been sold to large land operators from the West Railroad contractors finding no em- ployment for their equipment in rail- road construction work, are turning their attention to the reclamation. on contract Or for investment. of large areas of overhowed land.
 As Louisiana has about 100000 acres sof land of this character, which reclaimed at a cost Of about $25 an diately worth more than $fO0 an acre there is revealed foundation for wealth as great as even the coal and iron of Alabama, for when reclaimed and put under cultivation the 1000 ,000 acres would yield annually at least $500. 100000 or SR00.0O ,O0e worth of cotton. rice, sugar and other farm products.
 rection is setting an example for tho whole South in the territory of which 1t is estimated there are 50.OOO00o acres of land available for reclamation which, when reclaimed and made ready for the blow, would be worth $5,000.' 100000.
The Montgomery advertiser., 1908-05-02
NEW YORK BONDS.


 U. s. refg. 9s. reg. .... ..-. '...'-iOs< do. coupon co. ..-.'..-s zee '!rs q, U. ;. 3s. reg ...-.--''.' tVV7 2 do. coupon .s.sl' -t'' IVY 9 U. 5. New 4s. reg. s.. ...s !aS $ do. coupon .a.ss..'A ' : zz American Tobacco 4s ''-''.'-' , al uo. SS ssss s"s'' ~SS . I@@ Atchison gen. Is .,.. .... St i2 do. adjustment 4s .... '.'' SS4 Atlantic Coast Line As zee .''' Se Baltimore Ohio 4s ...' ''.' st 4 Brooklyn R. T. cv 4s .... .... ...' 72h Central of Georgia 5s .... ..'' ''''lOS
 do, list. Inc '.'' '''''' 9s
 do I'd. Inc eco zee '''' go go |, Cbesa, 4 ohio IMs .. .... 9sL Chicago Alton 5 las ..ss ss.s = = et C. B. & Q. new 4s ....' ssss's~ S9 2 C. R. l. X P. R. R. 4s eco '''' st "a do. col 5s .... '''' '''' M Mae Col industrial 5s ser. Al. .. ...... hS1s coI NftdIard As ,... .... 62 Coi S SoIItLor,s 6s - ...... Ss Cuba 5s .1O2k Denver & Rio Grande 4s ...' ''s. '' s4 Disttllers Sec. 5s '''' '''''' st st E Erie prior lien Is ...s ss'' 's'' '' seA A
The Montgomery advertiser., 1908-05-02
NEW YORK COTTON.

New York. May 1.-The cotton market lost moat of yesterdays gain during today's trading, closing easy at a net decline or 11 q 20 points. Sales were estimated at $50. 600 bales.
 The market opened easy at an advance of a@12 points on May and June. unchanged on July and eight to ten points lower on later positions. The near months respond ed to higher cables. but later deliveries were weak; owing to heavy liquidation by recent buyers. a renewal of bear pressure, better weather in the belt. and bearish private acreage report, indicating an increase Of 45 per cent. The failure of expected frosts to materialize in the belt was also factor no doubt. and before the decline was check cd prices showed net loss of IS 70 20 points; A rally of a few points from this level led hy July which at one time sold ten points over October and showed advances of accu- mutation by strong interests. was followed by renewed weakness during the afternoon under Southern selling. such as was promi- nent earlier in the week continued local 1fquidation and bear pressure.
 The close was within a point of the low est Another private crop report issued at midday indicated an increase of 4.z per cent in acreage and favorable start. With planting and farm operations about l5 per cent. ahead of 1907. Southern spot markets officially reported were unchanged to Hc higher
 R1ceipfs at the ports today 7.s56 bales, against e.ols last week and 9.1s6 last year. For the week eO.O00 bales. against 6s,fbI last week and 73.0S1 last year.
 Todayts receipts at New Orleans l.4SO' against, 1,27s last year. and at Houston | 2a0. against 1.s6S lest year, -
The Montgomery advertiser., 1908-05-02
CHICAGO GRAIN AND pRoDror

Chicago, May 1.--Wheat for May deliy- 1o4 which was an advance of S%c above the close of yesterday. large part of the gam was later lost on realizing sales. tho July was off h h9%c. Corn was down Mc @15c.
 Shorts were eager bidders for May wheat and with only slight offerings the price advanced steadily until 1t touched Sl O4 nne urgent demand was caused by the small amount of deliveries made on May contracts. the total being only about 300, 900 bushels while In oats and corn and provis- Ions the deliveries were abnormallv heavy. xhe M upturn in May had a strengsSsaipg ef- feet on July and September although both options were sold freely because of the fav- orabie outlook for the new crop. 31 g
 May eased off late iri the day on reaiiz- ing sales and this caused decline in both July and September. The close was weak. advanced penea ,o sas %o d iower yer at sSh %c. ssNc. TEe close was at ssh 9A Ac
 Clearances' of wheat and flour were equal to 4s.4oo bushels. Exports for the week as shown by Bradstreets were equal to 1,600,- 900 bushels.
 Minneapolis. Duluth and Chicago report ed receipts of 167 cars. against 13I cars last week and 4es cars one year ago.
 The corn market was firm early in the day but weakened along with wheat. De- were about 3.0o0.o bushels and this caus- ed considerable covefing ebv shorts The market. however. closed easy.
 July opened sha&e lower at s35b e 64c, sold between 6sAc and s4hc and closed at 63 A O 64c. Local receipts were sl cars with f7 of contract grade.
 Oats were firm because of an active de- mand by shorts for the July delivery. De- liveries on May contracts were about 6,00O,- 900 bushels. The close was strong.
 July opened hc higher at 45 Nc. advanc- ed to 46&c and closed at 46Ac. Local re- ceipts were 292 cars.
 Provisions were weak on Sc decline in live hogs and forecast of liberal increases in contract stocks in store in Chicago. De- liveries on May contracts were heavy those of ribs aggregating about 10000 900 pounds At the close July pork was off 15ctat $13.35. Lard was 10@12kc lower at $S42h 645. Ribs were ' zc lower at $7.20Q22h.
 Estimated receipts for tomorrow: Wheat l9 cars; corn 102 cars: oats 145 cars: hogs 13. 900 head.
 The leading futures for the day ranged as follows:
The Montgomery advertiser., 1908-05-02
1.ANEY OUT DUE TO ERROR.
HIisnent Letter Failed to Qualify Him
 as Candidate.

Pensacola. Fla. May Especial. )- By reason of the fact that his letter was missent. Hon. Charles H. Laney. who was a candidate for Congress from the Third District, is out of the race for Congress.
 All candidates had to have their ap- pIications in tho hands of the Chair man on a certain date. together with the assessment made by the Congress sional Committec.
 MT. Laney last week forwarded his application enclosing check for the necessary amount and today this let ter was returned to him having been missent. As the list has been closed there is no recourse for him even though he can show that he mailed tho letter sufficiently early for 1t to reach its destination
 MT. Laney had a strong following in this section. of the State. Ills re- tirement leaves J. Walter Kchoc. Jef- ferson D. Stephens and J. F. c. Griggs as the candidates. 'F
The Montgomery advertiser., 1908-05-02

fair. weather now prevails. with much cold CT in middle and eastern districts. where light frost is general. Heavy to killing frost is reported in east Tennessee and northern Alabama l.
 D Frot-Alabama: Goodwater, Montgomery and Union Springs. Georgia Augusta. At lanta, Macons Greensboro, Washington, .Americus. Louisiana: Amlte. Mississippi: Aberdeen, Meridian, Brookhayen, Lake, Vicksburg. North Carolina: Charlottes RaI- eigh South Carolinas Batesburg, Cheraw.
 FRANK P. CHAPTER,
 Section Iefrecfor. w R
The Montgomery advertiser., 1908-05-02
NrN oRIEANs COTTON.

New Orleans. May i.-Spot cotton was quiet. 3-Isc down on low ordinary. ordinary good ordinary and low middling and 1-lSc down on all other grades Middling l5-lSc Sales were 1.20O' bales on the spot and 1000 to arrive.
 Futures opened steady. Il to 1S points below the close of yesterday as result of the good weather predicted for the belt Alter the opening the market continued to decline throughout the day, the bullish confidence brought about by unreasonable fernperatures two days ago giving way to beartsh conditions. At the close. which was steady the active months were 29 to al points below the close of yesterday,
 NEW ORLEANS SPOT COTTON.
 New Orleans, May 1.-Cotton, spots quiet sales 2,2eO bales; receipts 1,4So; stock 1ss.s57.
 Low ordinary. nom ...- 1zc Ordinary. nom .... 6 o-l6c Good ordinary ss Ac Low middltns EC 1IIddling '-.' y lH- loc Good middling...- s.-. .''-tO t-loc MIddling fair ..'' .'.-1o dh,iSc
 NJ NEW ORLEANS COTTON FUTURES.
 New Orleans May 1.-Cotton futures Month Open. High. Low. Close. May .... ..-- ....s.i5 ..'. --.' S'se June .... .... ....9.i5 .... S9S July . .. .. ......s.S6 s.sS SIT SIS
The Montgomery advertiser., 1908-05-02
NEW YORK DRY GOODS.

New York. May 1.-The dry goods market today disclosed more general inquiry from converters for small lots of goods . little more interest on the part of small iobbers who are in the markets. Yarns continue weak but more contracts are be- ing inquired about. Raw wool Is quiet and prices are tending lower. Jobbers are doing better business in wash goods and dress goods, and there is also more inquiry for knit goods for quick shipments.
The Montgomery advertiser., 1908-05-02
HEAVY GRAIN DELIVERIES.

Chicago May l-Deliveries of actual grain and provisions May contracts were today. in the aggregate the largest ever of Trade One firm which had been heavily short on May oats and corn took in and paid for 6.OOO. 900 bushels of oats and 5000 000 bushels of corn. Ten million pounds of ribs were delivered, 5000. 900 pounds of Dork and 1000, ,00O tierees of lard.
The Montgomery advertiser., 1908-05-02
sT. LOUIs LIVE STOCK
NAVAL STORES.
Charleston. May l.-

CharIestOn, May I.--Iurpentlhe quIel 421sc; sales none.
 Rosin quiet; sales none. Quote: ABC $2. 80 a 90: D S2.90@S3.10; S3.10@15; $3.171s Q30; G s3 25; H S3 .65@70; $4 40 q6O. K $5.4O; M S5 50: S5 .65q7o; VIC $ 7O@75; wv s5.759S5
 savannah. May 1.-Turpentine 44c; sales s15; receipts 92l: shipments 1,2o3
 Rosin firm; sales 2.7?l; receipts 2.066: shipments 2.045; stock 55.243. Quote: ABC F S3. 95Q3O: G S3. 3OQ35; H 3.so; $4.b5 a 65: K $5 50; NJ S5 so; N $5.75; VIC 5.sO 6 S5: wv S5 .Sb d90.
The Montgomery advertiser., 1908-05-02
NEW YORK COFFEE MARKET.

New York May 1.-The market for coffee futures opened steady at an advance of five points on moderate Brazilian receipts and steady French cables but lost the advance on one month under scattered selling, part of which was believed to be for the long &C., count The close steady net unchang- ed to five points higher Sales were reported of t5,5OO bags, including;
 May .... 70 SO July ..-- .... ...- .... ..- 3.Sa September .... .... .... ...''.-.0 D go December ...... 0 OO
 Spot coffee steady: No. Rio 6c, No f santos s&se, mild coffee quiet. Cordova 9% G12Ae.
The Montgomery advertiser., 1908-05-02

T-Indicates inappreciab1e rainfall. For yesterday. t-For 24 hours ending a-m.. 18th meridian time. f-
 NOTE-The average maximum and mini- mum temperatures and the average rainfall gre mace up at each center from the ae- tual number of reports received. The "stats of weather" Is that prevailing at time Of @bSeFYatioR-
 REMARKS. Light rains fell in southern Louisiana and in eastern districts yesterday, though
The Montgomery advertiser., 1908-05-02
M. R. MheeIer NomInnted.

Washington, May 1.-The President sent to the Senate today the nomina- tion to be assistant Secretary of Com merce and Labor of William R. Wheel. CT of California.
The Montgomery advertiser., 1908-05-02
WEATHER CONDITIONS.

The storm that was central over western North Carolina yesterday after causing rain or snow in eastern. some central and lake districts, has past off to the northeast of New England. With exception of local cloudiness over the northeast and in the lake region, generally fair weather now prevails with an area of relatively high ba- rometer over the lower Mississippi valley giving considerably lower temperatures in eastern Alabama, Georgia, Florida, and northward to New York.
 Light frost is general in middle and east ern cotton districts this morning. with heavy to killing frost in east Tennessee and northern Alabama. An area of low barom- eter covering most of the west is causing rising temperature from the Rocky Noun tains east to the Mississippi river. and fair and warmer weather Is indicated for Ala bama during tonight and Saturday.
 COTTON REGION BULLETIN.
 Montgomery. Alabama. for the 24 hours ending at sn., 1hth meridian time
 Wednesday April 20. 1908.
The Montgomery advertiser., 1908-05-02
PrNNsy. DECLAREs DIVIDEND.

Phlladelphia, May Lt-The directors Of the Pennsylvania Raitrol d Company today declared a semi-annual dividend of three per cent. which is a reduction of one-half of one per cent. from the last semi-annua1 dividend and places the stock on a six per nt. haSiS.
The Montgomery advertiser., 1908-05-02
NEW YORK SUGAR.

New York, May 1.--sugar. raw nominal; fair refining $3. sss centrifugal ss-test S4. .GSi nlolasses suger la. .Is; refined ateadYa
The Montgomery advertiser., 1908-05-02
MONTGOMERY CURRENT oUOTATIoNl

(Corrected Daily.) These prices are at wholsaIs and not to coz
 GamerS:
 starch-Corn S0lOc; standard goods, Pearl Ahe; gloss lump 4kc: nickel goods e3.eo.
 Lard-Leaf sAc; compound sMc: basis tierces.
 Rice-Extra fancy head hc; fancy head Sn 97c: broken A 05c: Japan 5h 06To salt-Liverpool Sl.16; Virginia zoe; Leu isiana soc.
 VineEar-Per gallon 1s@2sc.
The Montgomery advertiser., 1908-05-02
'---Rising. x-FaiIing.
RIVER FoREcAsr.

RIVER FORECAST, The Coosa and Alabama will fall slowly next two days except remaining station ary in the lower Alabama tonight.
The Montgomery advertiser., 1908-05-02

Sales IHigh.l Low. iClose Bid.
The Montgomery advertiser., 1908-05-02
INTERIOR MOVEMENT.
LIVERPOOL COTTON.

LIVERPOOL COTTON.
 Liverpool, May 1.--Closing: Cotton spot in fair demand; prices ten points higher: American middling fair .... ... ..s 02 GiSS,.nl .nluuhh- .''' ..'' .... ..-.....5, 5,6S 11hiuuiins .... s.'. ........5. 20 Low middlinG .... .... .... ...5.0 .05 Ss9. SoSr oLuihaty-....' s...s.... ..4. 6S
 The sales of the day were 5000 bales of which 300 were for speculation and export and included 7.500 American Receipts 3, 900 bales including 1000 American.
 Futures opened firm and closed unsettled. American middling g.o.c.
 la %aa ..-. .-.t,-.... s... s...s t-~..s4.90 MaysJune .-.Sr s.s.ar... s... .... A 90 Jn.nle-5uy .sss.sss-sf.s ..fs- .4. S9 + Jnfiy-Augnst s,.s si-.ss.s ..a.f. 4. S5 # August, september ..s. .-s. ..4.S2 Septemoer-October .... .... ..4.74 Octoper- November .-.. ..., ..4.6S EoVemper-Decemoer- r-s... ....t..s. .4.69h Decemoer-January .4.64h January-February ..s. .... ........4 .4.63h reoruary-March 4. 64 h March-April .... .... .... 465Li WEEKLY INTERIOR COTTON TOWNS.
 New York Friday May
The Montgomery advertiser., 1908-05-02
MUCH COTTON SOLD
1.oaa BALES BOUGHT BY MARKS AND
 GAYLE YESTERDAY.
Bradley and Edwards. of LaPine, Fart With Biggest Lot That Has Chang cd Hands in Many
 Weeks.
Local ouofations Were as Follows

Local Quotations Were as Follows: Strict Tniddiinx ...e... ... ... ... SAC @AtNNttxf& e-AoS
 The sale of a lot of 1000 bales of cot eon by Bradley and Edwards of LaPine, to Marks and Gayle of Montgomery. was the feature of the Montgomery market yester- day. IL Is the largest number of bales In" cIuded in one transaction in many weeks. The price was not published but 1t is un- 1erstood to be within few points, of the nosnannIly quoted price of spots in Mout- &omary, 9-1ec.
 Montgomery spots were quoted down an atEhth yesterday. answering to the decline 3n larger markets. t
 Presumably because the cold weather zcAxe didn't last lonE enough, cotton prices which for two days had climbed both stead fly and rapidly suddenly dropped yesterday, losing nearly all of the fine gain of 90 points that New York had registered on Thursday. The net loss on New York con tract prices yesterday was 27 points. Other markets were in sympathy.
The Montgomery advertiser., 1908-05-02

.-Received toe late to be included in averages. DISTRICT AVERAGES.
 No. of Temperaturel Rain CENTRAL sta I----~l-----linche
The Montgomery advertiser., 1908-05-02
wrEKLY LOCAL COTTON STATEMENT.
sETA1A cOTTON NARKET,

Selma, May 1.-(SpeciaL )-The price of spots quoted in the local market today was ns follows: - Good niddlfnG.... .... 10 bc } Strict mtddlinE e.... s..s ss'. '..' '' nc M5ddling .... ...' s.''.'.. , 5sc Strict low mfodling .''. s''' 52c Low middlinS .... ....' ...- sac
The Montgomery advertiser., 1908-05-02

On the Produce Exchange today the but. ter market was steady: creameries s1s4 425c; dairies 1S@24c.
 Eggs steady; at mark cases included 14Ac; firsts 15c: prime firsts 15Ac.
 chsese-Steady 11912c.
The Montgomery advertiser., 1908-05-02
COTTON STATISTICS.

COMPARATIVE COTTON STATEMENT. New York. May 1.-For the week ending Friday. May 1st:
 This year. Last year. Net receipts at all U. S.
 ports during week .. 5736O 72695 Total receipts since Sept
 1st .... .... .... .7,7s1.ss3 s,40s.374 Exports for week .,... 53,652 94.551 Total exports since Sept
 1st -. .... ..... .s,5s9,69o 7.7O5 47O Stock at all L. s. ports 474.211 563724 Stock at all int towns 37s,555 373 039 Stock at Liverpool 1.211 900 Stock of Ann. afloat for
 Ct Britain .... 1s5,OOO
The Montgomery advertiser., 1908-05-02

CLOSING STOCK LIST