Newspaper Page Text
i'HE ATLANTA GEORGIAN AND NEWS.
nullAV, JUNE to. ltor.
jiitial Prices Slightly Low
er and Declined Further
in the Early Session.
TURNED FIRM LATER
NEWS AND GOSSIP
of the Fleecy Staple.
Special to The lieorglao.
New vlS*Vick & Clark.)
Non lork. Jane 28.—J. s. Bache i Co-
Liverpool wa, due U lower on near and
unchanged on distant, ' - an<?
"nehanged.
i. Opened quiet and
5U. V,_ At ‘- :15 p. ni„ steady net 2@
ffitant. nwlr Bud 1Via2 * higher on
Sputa Idle at 3,points higher, middling
e.W; American 2.700; specula-
tlou and export 200; receipts 200; all Amerl-
can export 200.
oftj]" 11 2.000. July 5 points
, j^?tiees Issued by following; McFadden
s hnrson 200: Moyae 300;
LSOO; McIntyre 6,000; Hopkins 2.700
Robert Moore 14,000; Weld 3.000; total 16,6W
far.
At Midday Prices Were
Sharply Higher —16,000
Notices Were Issued.
New York, June 28.—At the opening the
tone of/the cotton market was Irregular.
The ola crop deliveries advanced on better
iallies than had been expected and there
V ere notices on about 25,000 bales, whereas
• considerably larger total had been look-
id for. The new crop options declined on
favorable weather. The pit believed that
Price was buying July and that all tho no
tices would be cared for.
After
alight decline immediately after
the opening a Arm tone developed on the
strength In July and the Issuance of only
ps<Y«0 notices. At midday a sharp advance
established throughout the entire list.
At the close the market woe steady net
1C^18 points higher from the previous
close.
Movement Into eight:
Overland, week...
Since Sept. 1......
1907. |
11.032
1906.
1,188,406
17,829
13,218,435
36,000
8.085
961.198
60,227
10,760.322
1906.
6,807
1,066.051
101,674
12.706.642
29,000
Receipts
Shipments
Stooku
1947.
1906.
1905.
14,688
43.429
176,569
16,434
30,733
211,851
34,913
53.319
208,700
Comparative receipts at all U. 8. ports
Net receipt* Friday
Same day last year
Decrease
Total receipts for week .. ..
Same week last year .. .. ..
Decrease
Total receipts since Sept. 1..
Same time last year
Increase 2,112,1
Estimated receipt* Saturday:
1907. 19
New Orleans 1,200 to 1,800 1,
Galveston .. 1,500 to 2,000 I
Houston 100 to 200 I
Movement at Atlanta:
Uverpoo s ightly higher. It Is expected
thnt the bull clique will stop all notice*
today. They have absolute control of the
July option. The weather holds fairly well,
r® n ‘inlet market until bureau
Would advise purchases on any lit
tle set back.
Following are 11 n. m. bids: July 11.86;
August 11.81; September 11.46; October
11.62; January 11.73.
e ' v Orleans. June 28.—Hayward. Vick A
Clark: Weather map complete and shows
that the cold wave which caused all this
baa weather for showers for the post eight
days U gone nearly completely while
showers may occur over the southeastern
portion* of belt. Indications point to
clearing and much warmer Weather else
where particularly Texas, beat spell Indi
cated.
Notices are out for July contract*,
atoh out now. Weather Indications are
for generally fair weather In the western
belt confirmed by today’s government fore-
be the starting of n heat spell. Would fmy
if but for the danger of the bureau re
port.
dull here; hardly a trade. Market
subject to manipulative control which
keeps people out. If It were not for the
bureau on Tuesday, would buy It. ns the
favorable weather Is disappearing and
there are strong Indications on today'
weather map for n hont spell In the west
which the crop could not stand at all.
Liverpool cables: “Think the top has
New York—Notices for about is.OOO bales
July cotton were issued today and have
been promptly stopped. It looks to me ns
If much higher prices for the market In
Angust cotton In particular
Edited by
Joseph B. Lively
MARKETS
llr. Lively's twenty-firs
years' experience of ed
iting markets in Atlanta
and the Sooth has mads
him * recognized au
thority In hts specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
TIPS FLASHED
From Wall Street
Special to The Georgian.
(From Hayward. Vick A Clark.)
New \ork, Jufie 28.—J. 8. JJache A Ca:
London % to % higher.
The low-priced Issues are beglnnlg to
show up better. Southern Halfway and
NAME OF STOCK.
Amul. Copper
Am. Ice Securities. . .
Am. Sugar Refinery. .
American Smelting. .•
American Car F. . . . ,
American Cotton Oil.. ,
Anaconda. .1
Atchison
do. preferred. . . . ,
Atlantic C, Lino. . . .
Brooklyn Rapid T. . . ,
Rultiinoio & Ohio. . .
Chesapeake A Ohio. • .
apeak.
Canuulau Pacific.
Chicago A Alton. «
Consolidated Gas.
Central Leather. .
do. prefer red.
Colorado Fuel A Iron.
Corn Produce
Colorado Southern. . .. ,
Delaware A Hudson. . ,
Denver A Rio Grande. ,
Distillers' Securities. ^
Erie.
do. preferred.
General Electric.
Great Northern.
Illinois Central. ,
Interboro
do. preferred.
Kansas A Texas.
9i
%
83
NAME OF STOCK.
Kansas A Texas pfd. . .
Louisville & Nashville. .
Missouri Pacific ....
Mexican Central ....
New York Central • . .
Northwestern
National Lend .....
Norfolk and Western . •
Northern Pacific ....
Ontarian A West
Pennsylvania ......
Pacific Mall
People's Gas Co
Pressed Steel Car. . . .
Reading
Rock island
do. preferred . . . .
Repub. Iron A Steel . .
do. pref
Southern Pacific
Southern Railway.
do.
8t. Pan!
Tonn. Coal and Iron .
Texas Pacific . , .
Colon Pacific . . .
U. S. Rubber
do preferred .
U. 8. Steel ....
do preferred . •
Western Union . •
Wabash
do preferred . .
Wisconsin Central,
do preferred .
lU* 34V "
4$
21%
103%
21#
*T
Total stock sales 796.200 shares.
**Kx-dividend 2 per cent. 1
NEW YORK.
tur— In New York today
.. 26.631
.. 30,766
.. 7.134
..9,754.646
7,641,686
Same day
Increase
Shipments Friday .. ..
Same day last year ..
Decrease
Stock on hand Friday ,
Same day last year ..
Increase
..4,462
..2,003
..2,459
8P0T COTTON MARKET.
Liverpool, dull; middling uplands 7.15d.
Atlanta, steady; middling 12%.
New York, steady; middling 13.15.
New Orleans, firm; middling 12%.
Augusta, steady; middling 11%.
Savannah, quiet; middling 13%.
Memphis, steady; middling 12.
... I, steady.
Galveston, quiet: middling 12.
Charleston, nominal.
Wilmington, nominal.
Norfolk, steady: middling 13%.
‘ 1 “dllng 1:
Ft Louis, steady; mldd ling 12%.
Boston, steady: middling 13.15.
Baltimore, nominal: middling 13%.
Mobile, steady; middling 12%.
Philadelphia, steady; middling 13.15.
Houston, steady: middling 12%.
Cincinnati, nominal.
Louisville, quiet; middling 12%.
- ..illtlon cotton Is cheap and Intends to
carry its line over the bureau. Advise
keeping close to shoro until after next
Tuesday.
Mitchell bought 8,000 August at 11.91 from
Ilents-Ferguson. Held supposed to be a
big buyer on this advance.
SPOT COTTON FIRMLY HELD;
SPECULATORS ARE TIMID.
New Orleans, June 28.—The Tlmes-Demo-
crat says: “Telegrams from nuthorltatlve
sources apparently confirmed previous re
ports to tho effect that, despite fairly fa
vorable weather crop condition. Improve
ment over a large area hod been less r
plote than generally believed, and scalping
shorts who feared further manipulation
took fright and covered on the run. An
advance In place of the expected decline
was tho outcome. The situation has under
gone no potential change. Manipulation Is
almost constantly In evidence. Spot cotton
Is firmly held. Speculators are timid. The
movement Is small even for the tail-end of
tho season. Tenderablo cotton Is scarce
nud tho Now York cornerers arc supposed
to havo settled on Just enough July con
tracts to chock tho Importation of low-
grade stuff from Liverpool. In opposition
to these several Influences which continu
ously make for steady and higher markets
the price pessimist Is In n position to bring
Into paly little more than the seasonable
weather and an nrbitrnry ndherenco to an
cient dogmas which may not wholly be oon-
Followlng were the cotton seed oil sales
June.. • . .
July
Aug
Sept
Oct
Nov
Dec
Jan
March. . ..
DM I ft
|.... 111.90-93
11.9211.91-93
fEMHlLff-fi
11.54 11.53-64
1L67 11.67-68
11.63-64
11.7211.71-72
1L82 11.81-82
11.92 j 11.91-92
' . .
11.76- 77
11.74-75
11.41-42
11.55
11.54-56
Eg If
ll ' ; 7 *'s
11.77- 78
LIVERPOOL.
>P‘*n!ng Previous
Range. 3 p. m. Close. Close.
June 6.81%^6.83 6.83 6.K2% 6.80%
June-July ... 6.69 6.67%
Juiy-Aug. ....467- 6.66% 6.67% 6.67% 6.“'
in. Ua,.) ARC. R r.a «K« « ATIZ C
Aug.-Sept. ...6,56- 6.58
fiSept.-Oct. ....6.48* 6.60
Oct.-Nov 6.39- 6.38%
Nov.-Dee 6.36-
Dec.-Jan 6.33- 484
Jan.-Feb 6.31- 6.30
Feb.-March ,.6.«2%-
NEW ORLEANS.
Oct. . . . .
Nov
Dec. . . .
Jan
March. . ..
Closed vei
12.70
12.64
JuSI
2.441
12.01
i ii
i!
7 .112.64
12.88 12.66-75
12.70 12.65
12.45-47 12.80-32
11.98 99 11.86-86
11.90 94 11.77-80
11.92 93 11.78-79
11.98-99 11.84-86
.112.06 111,94 97
NOTES ON GRAIN.
Pointers on Provision!.
Chicago Record-Herald: C. W. Rand,
manager of the Carrnthers ^raln business
at Toronto, was a visitor on ^change Tues
day. “We will go Into the new crop year
with very light stock of old wheat,*' said
he. “The Ontario crop Is only about one-
half to two-thirds what .It was last year.
Tho oats crop is in very poor shape, and
will requlro perfect weather conditions to
prevent its being a practical failure. In
traveling through the northwestern Cana
dian provinces 1 find that thero Is only
and that farmers are selling’ practically
nothing. Tho present movement from tho
nnls. There Is a tremendous stock on haud
at Fort William. There has been nn excel
lent export demand during the last three
or four days for Manitoba wheat and large
sales have been made.’
George II. Daggett, down Tuesday from
Minneapolis, Is looking forward to very ac-
WHEAT EXCITEMENT
IS
Business Less Active and
Fluctuations Cover a
Narrower Range.
COTTON REGION BULLETIN.
ST. LOUIS CASH QUOTATIONS.
Wheat—No. 2 red winter 94%.
Corn—No. 2 52%.
Oats—No. 2 44. F© r the 24 hourg endlngat • a. m., 75th
Chicago, Juno S-Wheat wn. strong am! meridian .time, Juno M.lilOT.
quite active late, showing gnlns of
WEATHER REPORT.
WEATHER CONDITIONS.
Cloudy weather prevails over the states
from the Mississippi eastward to the At
lantic. with rain falling at Nashville and
Knoxville. In tho last 24 hours showers
have occurred at nearly all stations In the
cotton belt, heavy In portions of Honth
Carolina, Georgia. Alabama and Texas;
widely scattered showers have occurred also
In the northwest.
result of the showers, lower tem
changes predominate.
the entire country, and Is favorable for the
development of local thunder storms to
night and Saturday la this vicinity.
from the bottom, hut not losses of
for the day. Many of those who became
* — ~ “ " * were
TODAY'S FORT RECEIPT8.
The following table ahows receipts at the
K rts today, compared with the game day
it year:
New Orleana.
Galveston. . (
Mobile. . . , #
Savannah. • ,
Charleston. , ,
Wilmington. .
Norfolk. . .
Knit (more. . ,
Boston. . . ,
Philadelphia.
Total sales 3,100 barrels.
ATLANTA MARKETS,
* ( D$ES$Ep"fOULTRY—Turkey*, undrawn,
active, 16®17e pound; fries, active, 25flJ0c
INTERIOR RECEIPT8.
The following tnbl, (how, receipt, at tha
Interior towna today, compared with the
lame day Uat year;
II'MImOn. • • , •
Augusta.*, , , , ,
Memphis. • , • , ,
51. Louis. • • . ,
Cincinnati
. Total.
2124
HAYWARD, VICK & CLARK’8
v DAILY COTTON LETTER.
New Orleans, Jans 27.—Cotton: Ths fact
that ths markets ars controlled, or subject
to be controlled, by manipulation checks
business and trading Is very q^ilet. Tho
V
today by
first
few certificates were put In circulation for
The firmness of Angust fu
tures shows that manipulation is being
transferred to that position. News and In
ing i-rop wer# favorable. Showers occur-
r f<l In all states, temperatures were right,
' weather prevailed with tho excep
tion of the western half of Texas, where
k^nerally fair and hot weather continue*.
The report of The Journal of Commerce
fa Alabama and Georgia la better than ex-
"hlch had caused the favorable weather,
and showers during the past eight days,
indication* strongly favor much warmer
. market opened a few points lower,
but soon advanced on the steadiness of
•July and August In New York, but prln-
r'l'ally owing to the unfavorable changes
In the weafbe'r' prospects desired above.
it U were not that the bureau on Tuesday
were not that the bureau on Tuesday
" is expected to cause at least a tempo
rary setback, baying support on the weath
er wonld undoubtedly have lieen stronger.
The crop In the northern and western Indt
not In a condition to stand a hot ajell,
ays'c
r even few days'of heat or hot winds.
New York, June 28.—The cotton mat**'*
t*day centered around the action of the
July and August option* and the disposal
«t July notices this morning. Liverpool
slightly better cabJea and our
. „—, wetter cable# and our open
ing was firm. Soon report* that ls.ono
notices were In circulation and had been
a ■ mitral lur. ■uiru
, —... and th* Auguat option wn* In
n»m«nd. advancing at one period aevoral
point, nhove Jnly. Short, were nervoua
active, 16®17e pound; frlea. nctlve, 25@30c
pound; hena, lie pound; ducka, undrawn,
"ptliiDUcKurd. lie pound; hama^ao-
tlve Me pound
pound; aide* net
20®12Hc pound; .—, -
honey, bright, active, 10c pound; honey In
1-pound Mock, active, 12Hc pound.
VKUITH—Ia»mona, fnney Mcaacun, »5.M@
J5.25; bananna per bunch, culls active, 11.00;
atrataht. 3H cent;, per pound; pineapple.,
Florida atock, 12.75^3.25; oranges. Califor
nia stock, per box. $4.50. Florida hon-
cy penehen, J2.7ofl3.50 per crate. Gtapa
Bolt. Florida atock, owing to also an$
color per box, $5.00; limes. Florida stock,
per W. $1.00; peonnta In aacka averaging
loo pound* each, owing to grade, per pound
—dried ^apples, 7®8He; dried
7SSe; dried
ITwi^Vratei'walermefonf. 1502Oe each,
Oeorgtn peaches. $100 crate; blickberrlea,
1214c; rhubarb. 60e bunch.
VEOTABLES-Tomatoea aro active and
idling at J1.75C2.0O. Potatoes, new, $3.00
C3.50 per bnrrel. Onions, l/iulslnnn, $3 per
bushel; Egyptian 4 Vic per pound; old
Irish potatoes active J1.15«l.» bushel; cel
ery. fancy. $$.60«3.2G crate; pepper., alow.
11.25 crate; okra, alx baaketa, amall, $3.00;
kraut, hall barrel, $3.75; eucmntvera, JI.25C
1.75 per crate; egg plant, ».26®1.75.
unuoumr.o.
BICE—Jap 6C5V4C; head $«7c; fancy bead
5V4C7. according to the grade.
CIIKEHB—Fancy full cream, 10 cent*;
Georgia cane ayrup, 30 cente gnllon; salt,
100-pound, 60c; ail* grease $1.75: aoda crack
ers 04c pound; lemon 7c; oyster 7c; bar
rel candy, per pound, 04c: mixed, pet
and. 64c; tomntoes, 2-pound, $2.00 case;
1, $2.26: navy beana. $2.40;_Lln
i-pound, $226: navy beana. $2.40;
$c; beat matebea, rer gross, *1.6
04fl7e pound; sardines, mustard, $3.25 case.
° bug Alt—Standard granulated. 64c; New
York reltncl, 44d Pl».»t««lo?. •?-.
COFFEE—Boasted
Arbucklea $10; bnlk In
.renther reports continued
situation Is much Improved
and nil traders Inclined to await govern,
ment report. Enter advance! occurred in
July on short covering, forcing that month
to 11.94.—J. S. ltache A Co.
New York. June 2S.-Thc stock market
baa displayed remarkable flrmnesa and the
.7 is S.s soiu.l l.oneluh nona tpng
Idlaregard for so-called bearish news was
nn exhibition of the powerful Influences he,
hind the advance. The tightness <W raon
ey due to the approaching July disburse!
menta was uat a factor In the movement
prlcea until the afternoon •-
reached 12 per rent ‘
when
...... .. The early strength
„„ higher cables from abroad wna follow,
ed by the bidding op of Union Paclflc,
Southern Paclflc. Readlng.^^MI.
and Hmeltera. There was not much activity
hut the uudertotne waa the heat part of
the day’s tnarket^M
The Isinks lost about
York e“Py bondanlethebbisreporMi
were small, slightly above par. |M|
j? bldm market Kid otf on this new.
and rinsed easy.
HAYWARD, VICK & CLARK,
cotton, vgirKSii:™ &: MV " ,0 “*-
MEM “-■^.MraWrdWSa
rock Coffee E^chaaj^ ^ ^
5” York B £otton 0 Ex^cban*a5** I
* a SACHS * , CO.. T AtfD*BARTL^IV, C FnA^?CR S CAABINCTSH.
JRIVATE WIRES-TP ALL POINTa.
Inoronse In wheat ncrenge each year In
order to keep up,” said he. “Instead there
Is quite a substantial decrease In the acre-
crop In the northwest is nil right, with the
exception that It U late."
“Tnero has been n great deal of talk
about green bugs, but our information ,_
that It Is the green louse and that tho
Hhowors we havo hnd throughout Illinois
In the last two or three days have washed
them off," says F. P. Frailer. “Everybody
has been crazy about buying oats. I ex-
^ect to see them tell 2, or 3c a f
... bushel lower.
.iTe havo 90 reports In from Illinois this
morning on the ont situation; 68 report the
crop ns good, and 22 report th* crop as
loss than last year. You must not forget
thnt Illinois did not havo & good crop of
oats lust year, and we believe that the in
dications point to a larger crop, take the
state over, than last y»»nr.”
I‘. S'. Goodman wired Clement-Curtls from
Beloit, Knn.: “Wheat In Cloud. Mitchell
and Jewell counties worst In the state. Hot
winds of twi> weeks ago shriveled It. Poor
stnnd. Fields aro as brown as an autumn
leaf. Oats very poor: do not think whole
state will moke 10,000,000 bushels. Much
hot.” One of tho nboro counties adjoins
Nebraska line on the north, and Is about
mldwnv between the east and we*t line ol
the state. The other two counties adjolt
the first. Cloud has 62,000 acres In wheat,
Mitchell 117,000 and Jewell 47,000 acres.“
“Up to and Including Tuesday there has
been nn excellent—In fact, keen demand for
gixnl stocks In store and continued
“Rut
cash handlers report qul
and say wheat Is very slow sale. Millers
seem very Imllfferent, one milling firm Ii
said to have bought 200 cars here Tuesday.
Tho bulk of the No. 1 northern In here
Wednesday sold at %c less premium than
Tuesday. Handlers say demand poorest
Specialists figure that there Is now an
unusually large profit In packing opera
tions. Prices showed nearly %c per pound
better than that of a few weeks since. Ink
tug values current both for the hog and
the manufactured product The latter has
been going up while the former baa been
going down.
“Heavy rains In Kansas and Missouri
grain man. "Reports from Abilene anil
Manhattan. Kan.. Clinton and Sedslia, Mo.,
wheat cutting has begun. Missouri
poTnta report large yield. ~ Ablleno says
over ten buahels average.''
and barrels 12c; green 11013c.
$$.20 earn: rack grit*
■3 , caaai aaca ar,.., wihauuu ......
ovatera full aright. $3 caas: light weight
ino rasa: papper. Me $**.: baking powder $$
saM* red salmon,’$5 case; pink aarmon, $4.25
•?•*! .".’. Ir... rhopnlata, S3; annff, l'lh
rocoa. 40c; chocolats, $3; snuff,
?ars’48c; roast b««f. J2.M case: cornad baaf,
Km' -i,,. catsup. $1.90 case; alrnp. New Or
I.kn. 3& gnllon; corn, JOc gallon; Cuba
- d. 13c;
notes!
••piy
se; pesnut:
p, IL60«4 «
lc; rope,
PROVISIONS.
PROVISIONS—Supreme hams, 15c: bellies,
»«» pounrt" average. 166; fat baeka, 7.90;
Supreme lard, 874; Untlty compound, 94;
California name, 10c; dry salt extra riba,
9.174-
COHN—AO. 2 wane, Wi c.m. wbiw, WC;
white feed, 78c; No. i yellow, »7c; mixed,
Se-era-ked corn, par tinabel, 78c; bulla, $U
CHICKEN TBEr»-Plfty-nonnd aackf.JSc;
Pnnla chick feed. $2.00: Victor
brand feed. I* 35-
off and provisions were 2%01Oc lower.
Tho feature of today’s market and a
stcndylng fcaturo was the Jones-lnglis* re
port making the southwestern yield less
than 60 per cent of last years or 73,000,000
against 250,000,000 bushels Including Kan
sas, Missouri, Oklahoma and Texas. Thero
. _ jying
largely December, while one of tho Iurg'
local tw *
local traders was on the selling side of t(i<
market. The news wan largely bullish. /
private Liverpool cable reported weather
as too cold for crops In Great Britain and
France, with no Improvement.
Argentine wheat visible supply, 1,472,000
STATIONS
dhJ$i?t.
•Atlanta, cloudy. . . .
•Chattanooga, raining
Columbus, cloudy. . .
Gainesville, cloudy. .
Greonvllle, cloudy, • ,
Griffin, cloudy. , , .
•Macon, cloudy. . . .
Montlrcllo, cloudy, • .
Newnau, cloudy. , . .
Rome, cloudy
Spartanburg, cloudy..
Tallapoosa, cloudy. , .
Toccon, cloudy
West I’olnt, cloudy. .
that these stocL_
other groups in future. Texas Paclflc
should go higher on the continued good
earnings. Missouri. Kansas nud Texas
n #> u *P re ‘ erre< l art ‘ reasonably sure
of dlvldeuds.
The same doubts as always existed on -
rlslug market are na apparent today aa at
any time In the history of Wall atreet—
when prlcea reach a higher level outsiders
come lu. At present there la very little
doing by outsiders.
Steel stocks are getting ready for aa up
ward turn. Rock Island stocks are a pur
chase. Market should be broad and active
today.
New York Commercial: Great Northern
earnings for this year, it Is said, will break
nil records. Great Northern stock, on the
stock exchange, has come near doing some-
learnings of Brooklyn aRpId Transit
promise to be amuller than last year,
spite of the fact that last summer's seaside
travel was wonderfully lrtrge.
The Pennsylvania railroad ought to be In
satisfactory state of mind. Its cash as
Mch to going some, to say the! euat.
Light railroads for the third week lu the
present month ahow an increase In gross
earning* of nearly 20 per rent. This does
not look *s though the reaction lu busluess
had gone very far.
It is hoped that the gold export move
ment has been checked, at least, If not
stopped. We need the gold, even if we can
spnre it when we have to.
Ranking circles In London are of the
opinion that the European outlook steadily
to Improving. Tho worst of the Egyptian
crisis aeema to havo passed, and those who
are well informed in tho premises say that
in July with the return of the dividend
disbursements to the market and a cheer
ful tone prevails where a short time ago
pessimism wa* the rule.
Town Tonics: Tho report of the syndi
cate to take their houds, the NSw York
city bonds to be offered today ns a price
slightly above par was responsible for yes
terday’s advancing tendency, but with a
(lurry in call money likely today aud an
ticipations of a poor bank statement to
morrow we believe stocks will scarcely rise
any further nt this time, and would advise
rofit-tnklng on the strong spots with the
j-ouylu
TRADE LESS ACTIVE
III STOCK MARKET
Only a Few Issues "Were
Dealt in Early in the
Session.
TENDENCY
DOWNWARD
Smelting and Union Pacific
Were Leaders in Ac
tivity Early. , f
New York, June 28.—As bad been folly
expected, the rate for call money advanc
ed again sharply today. The heavy cash
loss which the local banks sustained from
the gold exports early In the week, the in
gathering of funds for the same, annual
settlements and the fact that stock ex
change borrowers had to make loan* dur
ing the day to earry over to the first day
of the month, all conspired to bring about
this hardening. In monoy conditions. Six
per cent was bid for can money at tho
opening, the first loans were made at 7%
nt had been paid for this
coinmodatlou. At the stock exchange,
this was looked upon as a per-
The Ainerlcnu list was higher :
stock* returned to yesterday's high figure*.
Trading was not very active, but the ex
cellent demand for stocks which appeared
on every slight recession was the impres
sive feature of the situation*
New York, June 28.—The stock market
ii strong with advances generally rang-
the latter 1
Ing from % to % per cent.
sues, Atchison. Northwest, Baltimore ami
Ohio, Louisville and Nashville, Atlantic
Coast Line and Missouri, Kansas aud
Texas.
are ratified at the Car Foundry
Hug;
Lead are the best In tho Industrial list.
> of 10 points or more.
THE COFFEE MARKET.
New York, Jane 28.—Following are cof
cables:
Havre, 10 n. m.—Market steady; noon, i
during the week, 67,000, of vliliW
Brazilian; deliveries 51,000; stocks, 2.684.000;
iBrazIllsn. 2,223,000. Total qauutlty discharge
lng. 243,000; Brazilian, 239,000.
Hamburg. 10 a. in.—Market unchanged;
sales, 16,000.
Itstes, 30.000: stocks, 982,000: market weak.
Santo* receipts, 32.000; stocks, 2,081,000; the
Fnulo receipts. 24.000,
undlahv receipts. 21,000.
The following figures give the
inge and close of lb* New Yorl
arket today:
uusucii, vuin. i,iii,vw uuiunij a
week ago 1,715,000 bushels; a year ago 3,-
780.000 buahels.
Clearances for tho week 3,590,000 bushels
wheat and 1,173.000 bushels corn, compared
with 1,903,000 and 170,000 bushels respective
ly a year ago.
CHICAGO GRAIN MARKET.
Chicago grain tod provision quotation*
for today are *s follows, compared with
yesterday's close:
Previous
Open. High. Low. Close. Close.
WHEAT-
' “ 88
July
Hept.
Dec.
CORN-
July. .. 53%
95% ' 96% 94%
101%
Hept.
Dec. .. 62%
OATS—
July. .. 43
Hept. .. 3778
Dec. .. 39
PORK-
July. ..15.96
102%
53%
100% 101<
8
1014
St
53% 53%
43%
38%
S»
37%
39%
VA
Sent. ..16.25
LARD-
July. .. 8.80
Sept. .. 9.06
RIBS—
8.77% 8.87%
9.02% 9.07%
THE LIVERPOOL GRAIN MARKET.
•at open _
%©I% higher. Closed h
opened % higher, and at 1:99 |
COTTON SEED OIL MARKET.
Cbmlng.
67%$68%
of the New York cotton seed
Openinj
June. •••••• . 56
fcbir.Y.: .Y.: S
October
November
December
Closed steady.
HAYWARD, VICK & CLARK'S
DAILY GRAIN LETTER.
•Minimum temperature for th* 12-boar p*-
rlod ending • *. m. this date. ^
O . 4. HfAVY RAINFALL*.
Spartanburg,* S. C
Livingstone, Ala j 44
Corslcnnn, Tex
CENTRAL
STATION.
Atlnnta. . .
Augusta. , .
Uhnrlrston ,
Galveston. .
Little Rock.
Memphis. . ,
Mobile. . . .
Montgomery.
New Orleans..
Oklahoma. . .
Savannah. . .
Vloksti
1.64
DISTRICT AVERAGES.
ii
i
I
jA
£rl
Vicksburg. . .
Wilmington. ,
T. Indicates Inappreciable rslufulL «Foc
yesterday. •♦For 24 hour* sndlog I «. n..
76th meridian time.
Remarks,
Tho temperaturo Is somewhat lower over
the entire belt. Rain has fallen In all dis
trict*.
J. B. MARBURT.
Section Director.
WEATHER IN COTTON BELT.
time. The buying power, however, may be
sustained here and price* further advanced,
do not believe in It, as we soon will
large movement of the new erop of
winter wheat to f'hlcngo, and this Is no
market for It. The advance In Liverpool
does not respond to our advance here ye*.
terday, and Liverpool rtntes that the ad-
^ European countries are Wiug *up
I fed with corn from the Argentine and the
_«nuhe, but the future price of e«$rn for
the next few weeks depends on the crop
outlook and not on the export demand. The
prices of wheat and corn depend upon the
nta chick feed, 12.00; Victor feed, |L35;
OATii^i'o'jl'w&K-v We; NO $ mixed, 69c;
Golden oats, 59c; white clipped, 62c.
----‘ Plain, per M-pound sacks. 76c; 48-
pound sacks, 77c; plain, 20-poond sacks, 71c;
germ. # |l-85.
do., choice sman un$r», c%u. i, one-
third bale*, 11.35: Xo. 2, one-tWrd bale*,
$1 54; fatter. $1 *5; brown. IB) to 1M pound*;,
, ' ra * ,J “■ FISH.
FISH—Bream 7c pound; wapper I0e
pound: trout lc pound; blue fish 7c pound;
. we do not believe they
are a purchase.
Provisions are dull. Packers are opposed
Texts—Dallas, partly cloudy, good rain
earlv; Fort Worth, cloudy and hot, no rain;
Taylor, clear and very hot; Waco, partly
cloudy and hot; Temple, Austin, ban An
tonio mid Houston, clear and hot.
Mlaalsatppl—Corinth, cloudy and pleasant,
had light showers last night; Yazoo city,
cloudy and pleasant, good rnln yesterday
afternoon; Ilaxlehurst and Kosciusko, part
ly cloudy and warm; Lexington, Hear and
[densant; Greenwood, clear, had goo$l rnln
.nat night; Natchez, raining, rained yester
day and last night; Vicksburg, portly
cloudy, had nice ahower this morning;
Greenville, cloudy, had fine rain yesterday
afternoon.
Louisiana—Shreveport, cloudy, fine rain
this morning: Monroe, raining, rained all
yesterday and Inst ntght.
Alabama—Helms, rlotyiy and hot; Flor
ence, cloudy and cool, been raining since 12
o'clock Inst night.
South Carolina—Spartanburg, cloudy and
CHICAGO CAR LOT8.
Wheat
Corn
Oats
Hogs, head..
LIVE 8TOCK MARKET.
Chicago, June 28.—Following are given live
stock quotations:
Hogs—Receipts, 19.006. Market stead/ at
J esterda/'s cloee. Light, 15.86^6.10; mixed,
i.80^6.07%; heavy, $5Ji5«5.97%; rough. $5.55
©fi.76; pigs, IC.4W.00; yorqera, ICOW.10;
good to choice heavy, $5.90ff6.004
Cattle—Receipts, 2,000. Market steady.
eevea*_ $4.6007:00; cows^fLTS^RTS^ heifers,
&
Beeves, $4.6007.00; cows, $*. iuvf i». __
$2.60496.60; calves, $6.00(97.26; good prime
steers, I5.70ft7.00; poor to medium, 94.60ft
5.66; stockers and feeders, S2.90ft5.25.
Sheep—Receipts, 6,000. Market weak. Na
tlvea, $4.0Oft4.ln; westerns, $4.00ft«00; year
lings. $•»."'ni6.75; lambs, native and west
ern, $5.50ft7.00.
THE METAL MARKET.
New York, June 28.—Metal market doll.
Tin and copper steady. Lead and spelter
now showing an lm-
MONEY AND EXCHANGE.
New York, Juno 28.—Money on call*
6.17; ruling rate, 7 1-2. Time Ioann
firm; 60 days. 4 1-4©4 1-2; 90 daya,
4 l-20>4 3-4. Hlx months. 5 l-4ft>4 1-2.
Posted rates; Sterling exchange, $4.84
l-2©4.87 1-2, with actual business In
bankers* bills at $4.86 l-2©4.8660 for
demand and $4.83 1-2 for 60-day bills.
Prime mercantile paper unchanged.
London bar silver, 30 16-16d, ad
vanced 1-16d.
New York bar stiver, $7 l-8c.
Mexican dollars, 52 1-8.
GEORGIA RAILWAY
AND ELECTRIC CO«
Boston, June 21—Following was the bid
and asked price on Georgia Railway and
Electric Company today; 81 bid and 83
THE LONDON 8TOCK MARKET.
Anaconda .
Atchison ..
do. prof.
Baltimore and Ohio ..
Chic, and Great West.
Cuuadhtn Pacific .. ..
Erie
do. pref
Illinois Central
Kansas and Texas .. ..
do pref.
Louisville and Nashville
Norfolk and Western
New York Central
Ontario and Western ..
•enns/Ivanla
'hlladelpbla and Reading ..
P.ock Island
Ron them Pacific
Southern Railway
do pref
St. Paul
Union Pacific ..
United States Steel
do pref
Wsbash. nref.
d-JustFu7s53.%« 6..d shr cm
MINING 8T0CK8.
Range 79%. Calumet-*
modern miller crop outlook.
fit. I xml,. Juno a.—Modern Ulll.r Crop
outlook: Balna haro Interfered with tho
winter , wlient harvo,t In ninnj locatltlea,
lintnldr In the amithtreat. Report, are ro-
reived from Kan*** of wheat been min*
overripe through dolajr In cutting. Farm
er, tnko every adrantan of favorah o
weather to out nnd threih wheat and thla
work la prngreaalng netwtthatandlng th*
Interruption*. Heme of the thrrahlnic re-
, from aontbern Kanaaa, where th*
it damage wa, done by bog*, front and
fir'-.ith. ,how yield* of one-third to one-
hr|f of Inat yaar’a erop.
New York. Booton. Chicago. Wa»hlngton- Phlladalphla.
Baltimore. Atlanta. New Orleana. San Franelaeo. London.
Th? American Audit Company,
100 Broadway, Now York City.
F. W. LAFRENTZ, C. P. A., Pree. G. E- MANWARINO, Vice Prea.
THEO COCHEU, JR- Secretary.
Tho American Audit Company, chartered under the lawa ot New York,
la empowered to examine the affairs of, and mako report* upon the naan-
dal condition of private and public concern* for director*, offleer* and in
dividual*. The preparation and Inatalllng of aystems a specialty.
ATLANTA BRANCH, 1015-1016-101T-101S FOURTH NATL BANK BLDO.
0. B. BIDWELL, Resident Manager.
Telephone, Main 872. Cable Addreas, Amdlt, New York.
goo<! rnln Inst night.
North Carolina—Charlotte, threatening
and pleasant, rained all last night.
Georgia—Augusts, rained all Inst night.
Georgia—Augusta, rnineu nil last night,
stilt raining; Atlanta, partly clondy, had
good shower this morning.
NAVAL 8TORE3.
Special to The Georgian.
Savannah. June 28.—Tnrpentln# firm at
sales 2.694; receipts 1.022; win
dow glass $S.75ft«- water white
M $5.50ft6.85: If
. M&M; K I5,i ...
5.10; II $4 >»ft6.06; G $4.S0ft5: F $4.75ftL9(
E $4.65ft4.60; D $4.20; CB $3.$5ft4.
L. H. Fairchild.
pompsno. 26c pound: mackerel, 12%c pound; Private 14
mixed fish. 6c pound; troth water trout, tc, ttfca Abort
Established 1886. 8. J
L. H. FAIRCHILD & COMPANY,
NEW ORLEANS.
Uembera:
S>w OrlMD, Cotton Fx.bang*. New York Coffee Exebtuge.
S',w York Cotton Exebange, New Orleana Roarfl of Trade.
Kaw Orleans block Exchange. Chicago Board of Trade.
LIVERPOOL COTTON ASSOCIATION.
Private Wire* to NEW YORK and CUICAOO.
FRANK
n M ATKINSON, Vlce-Prealdant.
J08BPU A. M’COiD, Vtce-l-realdant
HAWKINS. Preaidant
Third National Bank
Capital - - - - $200,000.00
Surplus and Profits $400,000.00
rz Wafer-
J. n. NU1CNALLY.
J. CARROLL I'AYNB,
DATID E WW?l?<rAia
ii. h.
JOSEPH A. M'CORD.
ALONZO RICHARDSON & CO.
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bell Phone, Main 85Jt
ATLANTA. GEORGIA*
WAimmmm
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