davidaulloa/AmericanStories huggingface dataset:
The Montgomery advertiser., 1908-07-11
THE STOCK MARKET


 New York. July 1o.--The tone of the stock market was irregular again to- day and the professional traders were a good deal confused by the opstacles they encountered in the movement oi prices in both directions. The start was lower than last night, the dispo- sition being apparently to take pronts on the action of the Democratic Ma tional Convention. There nas been sumption that with the uncertainty over the two candidates definitely re- moved there would be some outside de- CT level included by this realizing an aggressive demand developed ana prices advanced vigorously. This movement had not proceeded far when and with a persistence that argued some large participation in the market on that side. Selling orders in sew eral separate stocks came from an in- portions. and this led to supposition that plunging operations were being renewed on the part of recent spec tacular performer in the market. Some prominently in this weeks rise were affected by an exhaustion of demand at the higher prices to which they have been carried. and the prices gave way was particularly trne of American Smelling Amalgamated Copper and the two Hill railroad stocks. which were strong yesterday and United States feet of these weak points was consid- erable and there was no such conspic- uous point of strength to offset It as during other periods of realizing ,ds, du- therefore, showed more sympathy with this weakness than yesterday. There was sudden drop In the activity of the market during the midday period affar a drzf hnur'e husfnaaa larOar flna n for any day of the week. News fac- tors were not important. Attention was given to various detailed reports of resumption of manufacturing plants here and there as corroborating the view of perceptible revival of indus trial activity. The maintenance of the Baltimore and Ohio dividend came In for further discussion and for some criticism on the ground of the incur sion into the profit and loss surplus to pay 1t. The feature of the estimates of the weeks currency movement was the contribution to the weeks estimat- ed gain of the sub-treasury operations. notwithstanding the large payments made by the national banks to that tn- stitution in response to the call for re. banks have gained cash from this source since the last bank statement of $2.O7f,S00 and receipts from the fn- terior are believed to have brought the total gain to nearly s4,000.ooo. This marks some decline in the rate of the flow from the interior and with the winter wheat crop beginning to move this shift in the. current of the eurren- cy movement may be expected to in- crease. June agrfcultural exports were only $2.74S,000 less in value than last year, and with the continuance of the shrlnkage in imports a substantial trade balance in favor of this country may be looked for. with consequent bearing on the exchange situation. The appearance of support In the market disappeared in the late dealings and the closing tone was dis ttnctly weak. Bonds were irregular Total. sales par value, &24i5,0O0. U
 s. bonds were unchanged on call
 CLOSING STOCK LIST.
The Montgomery advertiser., 1908-07-11
MONTGOMERY CURRENT QUOTATIONS
Corrected Daily,

These prices are at whoIesaIs. and not to stsTch~corn s0lOo; standard goods Pearl 4hc; gloss lump GA0: nickel gOod' Lsrd-Lsaf Ice; compound sc: basi. Rice-Extra fancy head ;Xc; fancy head gh @7o; broICSh A. c Sc; Japan 6h 96Kc sait--LiverpoOl tl.i5; Virginia e0c; Lou. Vinesar-Per gallon 1s@2sc.
 coffee-Green common sh # 0l0c; prime candies-xxx Soda s%c: XXX ginger sardinss-American mustard ss.1s; H-oi, Hides-Dry Hints s@1Oc; dry saIted a Sc; green hides s@4ci green salted Sc.
 Wool~cleaF isc: bury s@llo: washed Sesi.s.sndard Ssc: watsrsround sso. Fruit and Produce-Fanoy lemons sso, per box $S.75: Irish potatoes per busheI cy HIP peanuts 6he Ib: choice FIorids Pineappies t2.76 @Ss %; new potatoes SS .5 50 tomatoes sl 50; Snap Beans stand. s1. Cucumbsrs s1. 50.
 Cheees-FulI cream. daisies 151sc; singles l6hc; h. cuts square He.
 Grits-Per bbL q .75; per sack S2.ss.
 Grain and Hay-Bran s1 5s; shorts S1. .ss; oats ssc; white ssc; white clipped SS ise faifa S1. 25; corn CSC.
 Prime Cotton Seed :;s ,on M@%i 'Ss'oei sacked MoIasses-GeoFgia cane. bbL 4Oc gallon, cases. gallons sS.s per case; maple syrup Log Cabin Brand, gallons 31A; gallons 67 50; quarts tA. 2B per dos
 Chickens-Hens 3s Q 4Oc; flyers 2S@3oo; suSaT-GTanuiased BKo; F. Y. c. 6Me. countrs. Butter-lBo per Ib.; Jersey but BaEEinR-New Jute 50 or 30 yd. pieces z Ib eEc; IA lb eho; new sugar mack K ib. TEc; 10. shc; second hand sugar sack TA 0sAo.
 Ties-New Arrow S1 1s.
The Montgomery advertiser., 1908-07-11
PROGRESS OF WEEK.
Great Power Plant om the T.,n..
 UffNrm1

Great Power Plant on the Tenna....
 River. oa ntsaltimore. July 10--tSpecial. )--Yndi. south Is the announcement tr .Sss weeks issue of The Manufacfnrarss hecord of the determination fo hssa, sS aee Sk Swork upon the development of nessse River near the bonndarv Is.a oI worth Carolina and Tennessea ra,. thmuustriai use in Knoxville. and, nar. maps. at other points Pet-
 The hydro-electric plant ana str
 Ru[tenances will cost about a3 ff0 aon Ine general contract for construrfSc, '. was awarded several months ago bnt active onera eH sson expedient to postpone oppression had run it's course Tha sue or the plant is thirty-fo1r fniJas q S.n ga hhoxville. and at 1t will be buiIt . s,,rsa .oi ~ innk a storage reservoir with feet e" VI aDout e'Ooo.0Oo square
 The dam will be forty feet high aos aeee iong and its base 500 feet at its twasn th ne total fall in the river be- muse IS approximately ISO feet ana the net available head for the sra,,er s...A o9 15s 9. or power will be approximately
 To carry teb tb tne ne dam has been built. she si power house, tunnel with an in- slde diameter of fifteen feet and . totai thre,ab tsren or LIS s;soo feet will be drIven ,..tr5 o.Au TUCK, whence the water VIII flow through $500 feet of cansi ,net the power-house, the hydrauIic installation will consist of Ave . ma ,ottsespoWer notts ,e horizontal shaft turbine ~ Si.s with two exeter turbine unifs VI 1Vv horse power in addition Re- tMeeh .ne power house and knoxyiII. sWo circuits will be carried on n ItnS
 = sstSSl towers and provision has aIaa SsSn Haue 10 build. If called fOr an Sc'eIn ,sioial transmission line to Uue~- sso,mn' 1ehn, distance or forty-rv~a na,,.,. I Is calculated that the nae vutput or the plant after dad,Sc4t-S TOT all losses in water ,wheels s-s's...le S1.ne ators, transIormers, transmission i..'.' ,c .cco1nuary Nditributton lIne, etc, viii ns Se,l0V ten-hour primary and 3.so0 91D hour econdary horse powar . tuner lndlcatlOhS of returninsy acss~, ny are in manifestations in t6s iro,, market at Birmingham, Ala. Amon- those to whom iron IS due there ts general desire shown in every mali for prompt shipments anu one railrosa alone carried from the district IA i'm, tons of Iron in June, wnlle the sales oI one company in that month totaIled 51,000 tons.
 There has been some haItinx in tex tile construction in the south huf nevertheless, announcements of addI- tions in the second quarter of the wear of 23,000 spindles, or which 5OOO are for the enlargement of an esCa bIished mill were in excess by LIDO spindles of the announcements in the first quarter of the year.
 Of the new spindles of the second quarter 13,000 are for North Carolina and 5000 each for South Carolina and Alabama.
The Montgomery advertiser., 1908-07-11
sEcRETARY TESTERS WORLDS
 VISIBLE SUPPLY STATEMENT.


 New Orleans. July lo.--seeretary Hester's statement of the worlds visible supply os cotton made up from special cable and feIeEraphIc advices compares the figures of this week with last week. last year and the year before. It shows decrease TOT the week just cfosed of ts0.A70. against a decrease of lT4. 572 last year and decrease of i4Te52 year before last.
 The total visible Is 2.39s.7eb. against 1'. s5s,2s7 last week. s.27s. 4s5 last year and 2Ts34 4s1 year before last Of this the total of American cotton Is 1,4es, 71s. against 1,- si7,iss last week. 3 0i5.4Ss last year and 1 500 4sI year before last. and Of all other kinds. ineIvdinE Egypt. Brazil. Indis. s e,e; tec 9Os O4e agAinst ss2.046 last week, L,16s, ooe last year and 1,233, 900 year before last
 The total worlds visible supply of cotton as above shows a decrease compared with last week of 1eo. .47o. 2 decrease compared with last year of SIS. 100. and decrease compared with year before last of SSAe ese.
 Of the worlds visible supply of cotton as above there is now afioat and held in Great Britain and continental Europe l.425.- 000, against 2,0zs00o last year and i.4s0.- 900 year before last: In Egypt io6.o0o. against 63,0O0 last year and 5000 year be- fore last; in India 471.000. against 71s,000 last year and 5000 year before last: and in the United States ssse0o. against 4ss.- 00o last year and 426.00O year before last.
The Montgomery advertiser., 1908-07-11
Special Telegraphle Reports from Climate
 logical Centers In Cotton Belt

Alabama-The mean temperature was nearly normal. The maximum tempera- on the first four days. Showers occurred on the last three days. accompanied by cooler weather. The precipitation was be- low the normal over the northern half of the state and above over the southern half. The greater portion of the rainfall occurred on the last three days.
 Arkansas.-The first five days were cool CT than usual the last two warmer the mean temperature being below the normal There were three showery days. The raIn- fall was generally deficient. and in some central and southern counties there was none The sunshine was sufficient and the weather favorable.
 Florida.-The temperature ranged from normal In the central portion to degrees below in the extreme southern The higfI- est temperature was sS degrees. The pre- cipitation was above the normal over a large part of the eastern portion and een- ,erally below over the western. The sunshine was slightly below the normal.
 Georgia--The days were quite warm until Thursday, but the nights were cool the mean temperature being slightly below the normal The weather was generally clear occurred on Wednesday. Thursday and Fri- day; rain was general on Saturday and Sunday, being heavy in northeastern dis trtcts
 Louisiana.-The temperature was below the normal. There were local showers the northern portion and excessive in the southern The sunshine nearly nor maj in the northern and below the normal
 
 Mississippi-The daily mean ternperature was quite uniform and slightly below the normal. The weather was partly cloudy. with daily showers. The rainfall was gem orally above the normal. except in some southern counties. where 1t was light The sunshine was deficient.
 North Carolina-The temperature was equable and the average was nearly nor nal The rainfall was somewhat above the normal Rain fell every day after the 2d and was well distributed and very bene- ticial. The sunshine ample.
 Oklahoma.-The temperature was rather low, the average being about degrees be- low the normal Light to copious showers occurred during the fort part of the week, but during the latter part the weather was generally clear The rainfall was ample in all parts of the State The sunshine was above the normal.
 South Carolina--The temperature was favorable. the midday heat being moderate and the nights warm. The precipitation was generally ample. Some localities re- ceived excessive rains. which washed hilI- sides and flooded lowlands, especially in the northwestern portion. The sunshine was very deficient.
 Tennessee-The temperature was nearly normal in eastern counties. but was consid- erably below in middle and western coun- ties. The srainfall was local and quite variable in amount, but was generally above the normal The sunshine was nearly nor- nal.
 Texas.-BeneficiaI showers occurred in counties. The sunshine was nearly normal. The mean temperature was two degrees to five degrees below the normal. exceDt in lower coast, southwestern and western counties. where 1t was nearly normal.
 I. INCLINE. Section Director.
The Montgomery advertiser., 1908-07-11
NEW YORK COTTON FUTURES.
Nrw ORLEANS COTTON FUTURES.
Nrw ORLEANS SPOT COTTON.

NeW Orleans, La, July IU.--Cotton spots were steady. with prices un- changed. Middling Il cents. Sales were TOO bales on the spot and 925 to arrive.
 Futures opened steady, sa15 points above the close yesterday, due to a sharp advance at Liverpool. attributed 9o heavy covering by shorts in that sr1arket and at New York. Although there was not much activity among the professional long element. prices on the second call stood 10a12 points above the close yesterday. During the late session there was reaction. and under the pressure of fairly brisk eeIlfng, prices eased off steadily to 4he close. the old crop positions rest {5ng at about yesterdays levels, with gains for the day of only 4a5 points.
The Montgomery advertiser., 1908-07-11
BRADsTREEps REPORT
Mid-summer Quiet stilI Remains fin
 General Trade.

Midsummer Quiet Still Remains fin
 General Trade.
 New York, July 10.-Bradstreet's to- morrow will say:
 Midsummer quiet still remains in general trade and industry but the ad- vance of the season and the promise of good average crops have accentuated the feeling of confidence as to the ulti- mate outcome of future fall business. Filling-in orders from tobbers are nu- widely broken retail stocks and retail CTS have rather earlier than usual put in force reductions as means or stinl- nlattng consumption' At the west, slonS and more thoroughly organized effort to stimulate buying Is looked for this fall than ever before. Industry is possibly a trife more active following last weeks holidays. but shut-down for inventory, repairs or to limit pro- auctions. have apparently more than sSe TSs qon and stse nai industry still report things quiet, and capacity in operations both in furnaces and finishing mills shows only trihe enlargement as compared with month ago. Pig iron production in June was the smallest since February and the output for six months was 52 per cent below 1907.
 Business failures in the United States for the week ending July g., number 246. which compares with 2S6 last week, l85 in the like week of 1907, 143 in 1906, 1ee in 1905 and 203 in 1904.
 Business failures in Canada for the week number 30 compared with 28 last week and IS ip this week a year ago.
 Wheat, including flour, exports from the United States and Canada for the week ending July aggregate 2,7S1,4 s2s bushels, against 2,008,565 last week and 3,2B4.71A this week last year For the two weeks ending July a and g, this year, the exports are 4,79O, ,393 bushels against 5.s62.61S in the corre- spending weeks last year.
 Corn exports for the week were l5,- 664 bushels against IS.549 last week. and 1.41l,675 bushels In 1907. For the exports are s4.113 bushels against a.. s22,47e in the same period last year.
The Montgomery advertiser., 1908-07-11
CHICAGO GRAIN AND PRopUCE.

Chicago. July 1o.-Th wheat market closed weak ,s today owinT to liberal realizing delivery being down h Q Nc Corn was up 1R@2c. Oats were Mc higher and provis-
 The final weaknes in the wheat market marked the close Of nervous session dur ing which a large volume of business was transacted. The unresponstye tone of the Liverpool market prices for wheat on that exchange being only a trifle higher. not day caused considerabIa selling here at the opening which resulted in a slight dip during the few minutes of trading Com ders and this soon caused a sharp upturn, prices advancing about 1c before the end of the tn ,b first ss half an,sS. a9T r9T time sentiment large extent by unseasonabiy high tempera- lures in the northwest. particularly in
 The market weakened again in the final hour owing to quite general profit talk ing and closed weak at almost the lowest
 September opened K@ Nc lower at saxe to S9Ac. advanced to sdc and then declin- ed to sshc: The close was at 80 < ha; to li9,000 bushels. Minneapolis, Duluth and
 Chicago reported receipts of is7 cars. against 2is last week and sss cars a year
 The corn market was strong throughout the session owing to active demand by shorts and leading bulls. The market clos September opened Ac lower to Hc high closed at 73%@Me.
 The bulge in corn caused a strong mar ket for oats leading bull was an active buyer and there was also a brisk demand by shorts based chiefly on the hot weather fin the northwest The market stood Hber- alizing sales and closed strong.
 September opened xc lower to Mc high CT at ssm O 4oc, and advanced to 40&o. where 1t closed.
 Provisions were active and strong. The strength of corn at an advance of Ice in the price of live hogs were the chief bullish influences. Offerings were meagre through out the session and prices scored substantial gains At the close September pork was up 32hc at $16 17h; lard was up 12h1 16c at $s.62h 9s5; ribs were 15017Mc higher at s9.00.
The Montgomery advertiser., 1908-07-11
TAKING OF AMERICAN COTTON BY
 SINNERS THROUGHOUT WORLD.

New Orleans, July 10.--Secretary Hester gives the taking of American cotton by spin round numbers:
 This week lsO.Ooo. this year. against l57.- 900 last year. 164.0 900 year before last
 Total since September 1st. this year s1f = 090. 900. against 12.134.000 last yoar. and IO,y72 900 the year before.
 Of this Northern spinners and Canada took 1.S15.000 bales this year. against 9- 511.0o0 last year. and 2.330. 900 the year bo fore; Southern spinners 2.153,000. against 2.313, 900 last year. and 2.1s6. 900 the wear before. and foreign spinnera 7I22 OOO against 7.31o.0OO last year. and 6.456, ooo the year before.
 :ERevised by deduction of 5000 New Or leans stock correction
The Montgomery advertiser., 1908-07-11
COTTON BULLETIN.
Weather Conditions for the Week Endins
 Monday, July c, I9O8

Monday, July 6, 1908.
 New Orleans. July 7-The mean temper ature was below the normal except over the Carolinas. where 1t was about normal or slightly above. The greatest deficien- cy was seven degrees at Oklahoma City.
 Local rains are reported from the central and eatsern portions of the cotton region and light showers from the western portion More than two inches of rain fell in por- tions of the Carolinas. Georgia, Florida Louisiana, Mississippi and western Tennes~ see The heaviest rainfall reported was 5 .01 inches at Clinton. La and more than four inches fell at few stations in South CArolnas Georgia and Louisiana There was less than half an inch of precip- itation over portions of eastern Texas northwestern Louisiana and Western Arkan- saa.
The Montgomery advertiser., 1908-07-11
sECRETARY TESTERS WEEKLY
 COTTON STATEMENT.

New Orleans. July lo.-secretary Hester's weekly New Orleans Cotton Exchange state nnent Issued before the close of business to- day shows an increase In the movement in- to eight compared with the seven days end ing this date last year in round figures 20 GOO. an increase over the same days year before last of IS. 900 and decrease under the same time in 1905 of lS,00o.
 For the ten days of July the totals show an increase over last year of 4s,eoo, an in-
The Montgomery advertiser., 1908-07-11
Total
COMPARATIVE COTTON STATEMENT.

New York July 1O.-For the week end ing Friday, July 10:
 This year. Last year. Net receipts at all U. s.
 ports during week 33,l76 15,7s7 Total receipts since Sept.
 1st .... -. .. s.265.5o2 s,7ss, POS Exports for week ..., 26lo52 2s.16O Total exports since Sept
 1et -. .... .... ..7141.17O s,2455S4 Stock at all U. s. ports. 240.616 213.571 Stock at all int. towns d62.314 l42,S91 Stock at Liverpool .... J,os3.00O Stock of Ann. afloat for
 ct. Britain .... :. .. a4.OOO
The Montgomery advertiser., 1908-07-11

T-Indioates inapprcciabie rainfall s-FoR yesterday, 4-For z4 hours ending 6 am. 18th meridian time.
 NoTE-The average maximum and mini mum temperatures and the average rainfall are made up at each center from the ac- tuai number of reports received. The "state ss weathev "a that prevailing at tirns c4 Nhaarvatiop-
The Montgomery advertiser., 1908-07-11
N. V. DRY GOODS MARKET.

market was quiet for the day: Cotton goods and cotton yarns held firm but business was generally light. Mems wear lines are moving slowly The To- and hosiery are being bought a little better but the demand is still sub normal for the period Dress goods continue unsatisfactory. the principal
 buyers being cutters seeking job lots.
The Montgomery advertiser., 1908-07-11
M " CoFrEr MARKEr

New York, July lO.-Coffee futures closed steady net unchanged to a de- cline of 5 points with sales of 1s.5OO bags. including July 6.05; August, e.O5a; 500: September. 6.00a5.95; No- vember, 5.sO; December. 5.s5a5.sO; March. 6.00a5.95.
 Spot coffee continued quiet ana un- changed. Rio No. 2. 5-16c; Santos No {, s-4c. Mild. quiet; cordova g S-4a13 1-2o.
The Montgomery advertiser., 1908-07-11
arY.MA COTToN MARKET
Nnw YORK COTTON MARKET.


 Ffs~s york. Jufv 10.-The cotton mar Ret opened firm at an advance or @ @Ssis esnlnfa cables being much better than sxnecfed-an advance of AalO points 2nSfaad of 1 1-2a2 points. Later there was rise of 3al0 points Wltn Jc.oDea .s &hree fold demand, the shorts sRot housas. and for new long account. The XaaSing short, 1t was learned today, haa been quietly covering all the week, huf meeting with & scattered and more general opposition today, though h9t Es understood that this interest in the eaIculations of traders who look TOT < further advance on the ground that Inc market still remains heavily over fold Tn the afternoon there was re- kction under profit taking ana party fn Southern Texas pointing to move faenf two to three weeks earlier than norraaI The general run of crop and rvaather news was favorable. It was reported that the new cotton was ship ped yesterday from Galveston to Liver bool. The week end statistics made ho Impression on the market. although Showing a smaller movement than rsotiid be looked for, the market was ssnaIIy steady with the old crop posi- kfons za4 points lower and the new rrop 5ae points higher net. The sales For the day were estimated at 175,OO0 Receipts at the ports today s.31s bales against 7,a91 last week and 4,s71 last
 For the week s5,O0o bales against sK6a3 last week and 15,S0S last year.
 Today's receipts at New Orleans 978 bales against 1,4!7 last year ana at Houston 1,144 bales against ssS last year.
The Montgomery advertiser., 1908-07-11

WEAInEh CONDkhA0Nb.
 An area of low barometer to the east of North Carolina has caused heavy to excess I've rains in the eastern portion of that State: showers have alec ccurred in all other cotton states. though the rainfall has moving eastward over northern Mlnnesota has caused showers In that section. but fair weather now prevails over much the great CT portion of the country. Areas of moder- ately high barometer cover the extreme northeast and extreme northwest. Tenn peratures have fallen somewhat in the east ern cotton districts. and have remained nearly stationary elsewhere.
 Conditions now favor continued fair weather in Alabama tonight and Saturday.
 COTTON REGION BULLETIN.
 Montgomery. Alabama. for the 14 houre aadlnG at am. 18th meridian time.
 Friday, July 10, 1908
The Montgomery advertiser., 1908-07-11
Receipts. sb,nran
ST. LnuIs GRAIN

St. Louis. July 1o.--( Special )-The St lows:
 Wheat: July S7% bid; range s7%A to ss Sept. aS- bid; range S7H @SS to Sgk. Dee s0M bid; range 90h 10 9I% bid
 Corn: July 75k range 73A to 5M Sept 7S@7sh bid. range n to 73N bid. Dee 6sh Q %A; range 5sS to 59h bid. May 60k range COX.
 Oats: Sept. 40M bid.