The Atlanta Georgian. (Atlanta, GA.) 1906-1907, June 02, 1906, Image 11

Below is the OCR text representation for this newspapers page.

MARKETS Edited b>- JOSEPH B. LIVELY Mr. Lively has edited Markets in five years. Mis experience makes South if not in the entire country. Atlanta and the South for more than twenty- him the most reliable! market editor in the WERE NUMEROUS but generally without EFFECT ON MARKET. Fluctuations in Cotton Narrow, But Were Slightly Higher Than Previous Close. The markets for eotton futures tn nil (peculnttve centem hava been very dull if during the mornlnK trading, operators - nnna r*ni(v hellevluir that veitentiT'a apparently believing that yesterday excitement and decided slump was un called for. and today more caution Is being exercised. With the exception of Engliin ca bles, news today was as liearlsb as . ! IV. Mat option, Imwi vcr, was out of the way, consequently the lead ing bull seemed to be taking a much needed rest. It Is expected that ho wilt take up the bear side shortly to change his luck. Several acreage nnd condition Wire Issued today, nil of which were bearish, except chat of. tb. Southern Cotton Growers’ Association. It gives the Increase In acreage nt 2.2 K _r cent, or 27,634,711 acres, against 499,431 last year. The New Tork Financial Chronicle estimates the acreage at 31,557,243, art Increase of 9.54 per cent. The New York Commercial makes the Increase 6.3 per cent and condition 12.1. It In rumored Miss Giles will give the acreage Increase at 7 to 8 per cent All this bearish "dope" was without effect on the market during the mom & trading, whic h was dull, with Hue lions narrow, though steady In tone ■ M-.-s a few- points above yester day's closing figures. In sight for the week is estimated at 105.000 to 116,000 bales, against 141,924 last year and 44,000 In 1904. The weather continues favorable over tho belt. In the afternoon the market was dull, but prices had lost their steadiness, and a declining tendency developed, tho Hat selling below yesterday's low point. * . ■ By Private Leased Wire. New York, June 1.—The cotton market had another active and Irreg ular opening. FIrat prlceB were r points higher to 2 points lower. Sev eral private crop reports tended to confuse sentiment. Tho level of prices was sustained a point or ao above last nlght’a close throughout tho early deal ings, with July showing an ndvance of 3 points on some heavy buying by n prominent house. 8POT COTTON MARKET. Atlanta-Quiet, 11 l-16o. New York—Quiet 11.25c. Charleston—Nominal. 3-16c. RANGE IN NEW ORLEANS COTTON Cotton futures.rauged os follows at New Orleans today: _ Last Previous Open. High. Low. Bole. Close. Close, June .lfl.*) 10.SO lu.TU 10.70 11.60 70 10.70 VI July .10.80 10.93 10.75 P'.TS 10.77-76 l-hST-sg Ails. .10.68 10.63 10.47 10.47 10.47-46 10.50410 He|Vt 10.14-35 10.4446 Oct. .10.33 10.33 10.20 10.13 10.2243 10.32-33 Nov. .10.23 10.23 10.23 in,23 ] 0.22 23 10.13-83 Dec. .10.33 10.17 10.3 10.25 10.24 25 10.34 35 Jan. .10.40 10.41 10.31 10.31 10.3243 10.40-41 Mar. MM MM 13.(6 ibii6 10.42 45 ‘.7.1 Closed steady. RANGE IN NEW YORK COTTON. The following Is tho rnngo In cotton futures la New York todny: I-oar Previous Open. High. Low. Sale. Close. Cl June ,10.37 10.67 10.47 10.47 10.45 47 10.' July .10.65 13.(7 ill(3 MU' MM 11.1 Ang. .10.50 10.53 11.34 10.3* 10.3637 l 1 . Oct. .10.37 10.41 10.25 10.27 10.26-27 Nov. .10.41 10.41 to.41 10.41 10.27 28 10.42-43 I tec. .10.41 10.45 1126 10*1 10*131 10.42-41 10.47 10.60 10.33 10.34 1034 33 10.44-47 Felt. .10.47 10t4T 10.34 10.47 10.34-35 March 10.54 10.67 10.42 10.43 10.42-43 Closed barely steady. LIVERPOOL COTTON MARKET. Liverpool, June 1, 12:15 p.m.—Cotton, •pot demand fair, with prices steady; middling uplands, A02d. kales. M.W0; Amer ican, 3.508: apeculatlon nnd export, 3,000. kccelpta. ioSTAmerican. 1400. Futures opened quiet. PWT. June Jntie-July tit ■July 6.104.79 An* s.7$4.m •Sept 6.73-5.74 tM.-Nov. , Nov.-Dee Dec. Jan Jnn.-Feb Feh.-March .. . Hosed quiet. .. MM... •; 5:8*8 5-77 3 7- 5.71 AS — IS i£ i£ \s 6.(3 5.31 T00AY’8 PORT RECEIPTS. _ The folioviInir tablw shows receipts at tj>e |x>rti today, compared with the aau.o day Mobile . , Savnnnnh Hiarleiton - titiiii giuil • • • e Wilmington • • • • Norfolk . . ... Baltimore , , * , N>w York . ... . Boston I*hlla<li>|phla e • # < Brunswick Newport »wa . . 1306 1906 t' » 1828 4114 268 2820 45 2070 m 187 '*81 17 2468 44 '2336 « «S f< 454 A . a74 " 444 P 7u r ^ a « **ia *» " sr isa 1S2S7 2S18 A INTERIOR MOVEMENT. # - M-in phis . . si. leOUla . . nnrtnaatl . . Tout 1908 u 1284 272 868 1829 HQ 244 « S 4108 an « ESTIMATED RECEIPTS. , N r* OrlogtB expecta 8b) to 1.200 be Ire, t rt«al tost jw: Ualreatoo, - 503 to 3408 bales, sgstnst t.tci aetesl last Jear: lloesten. U03 to 1.2(0. agslast L371 afloat Uat year. June , July , "-ptei COTTON SEED OIL. Openlog. J0BWB AND GOSSIP Oi the Fleecy Staple. Private Wire to Ware A Lelnnd. New York. Juno L—Cotton—Journal of Commerce rutImatea condition at 82.1 crease In acreage 8.2 per cent. • ome buying around the "Quiet and steady; Bombay weekly report: „ . A This w’k. Last y’r.. Receipts 18.000 65,000 Total since Jan. 1 1,781.000 1,106,000 Shipments 17,OW 18,000 Total since Jau. 1 678,000 214,000 trado good, bought considerable December, tlou In Julr Mill a feature, and Southeast Missouri, Arkansas and northern portion of the Indian Territory, tate planting Is coming up to a good stand. We hear prnctlcnlly no complaints except from one or two sections about la- l»or being rather acarce to prosecute chon- ping out. This, we Infllerr, will amount to nothing more than possibly make the nr more than possibly make the crop somewhat later than heretofore intimated by us. Token as n whole, we can only con Arm onr last week's faroratdr resume of the growing cron, ami that at the moment the general outlook Is flattering. With n continuation of normal weather renditions, we feel safe In stating that, at present, the territory named 1ms tho makings for a good crop well iu band." New Orleans. Jans L—The weather map of the cotton I The rest of the belt Is Is 74,488 bales, sgalnst S9.U0 at tbts time last yrer. The amount of cotton on ship board Is SO,776 bales, against 48,851 last year. Frlvata Wire to Gibert L Clay. New York. June 1.—Room traders bought this morning and are now selling In mb* sence of demand. Wilson nt 10:17 n.m. sold N onion 6,000 December at 1O.40T. Liverpool at 12:30 p.m. was unchanged on this crop and 1 lower on next. It was ex pected to bo 3 lower on tbla and 1 lower on next crop. Carpenter, Baggott k Co. and Norden The iclal Chronicle makes Increase acreage 9.64 or 81.557,242 acres, era Cotton Association's com ae In i Tbs EoatMni — pUatlon of acreage statistics shows total 491 last ysar; or an laereaas Laltor reported scarce Id a number of states. __ „ rumored Miss Giles catamites on acreage Increase of 7 to 8 per cent, The Journal of Commerce and Commercial Bulletin issues Its report this morning, making the condition 82,1. nn Increase In acreage of 6.3 per rent. Cold, dry weather retards growth, making the crop two weeks late. Scarcity of labor very general, but fialda dean and but little acreage aban doned. Much, replant I off. Insects not com- weevil appears In Texas. on] plained of. Boll ■■■■■■■ Tho Journal of Commerce says: "The market opened quiet after the holiday. The weakness In tho cotton market nt the opening, following the weakness of Tues day, lent nn additional nlr of uncertainty In circles where first hands are trying to foresee wlrnt It Is best to do about prices for standard goods. In which nctlTo trad ing for fall deliveries begins during tho middle or latter part of June. Although ...Iddlc or latter part of June. Although buyers are known to bo In need of some lilies of domestics for full, til' ll- attitude for the moment In one of antagonistic waiting. They are taking only small quan tities of low count nnd coarse goods, byt TRADING SMALL IN STOCK MARKET RANGE OF NEW YORK STOCK MARKE MIDSUMMER DULLNESS WAS THE MAIN FEATURE. Brokers Said That the Market Al together Was a Case of “Dog Eat Dog." New Tork, Juno L—A dull market, with a rising Inclination In some quar ters and uncertainty In others, wan merely repeating today what had grown familiar on tho previous days of tho week. With a higher rango of London quotations, prices started somewhat higher. A renewal of the pressure against Pennsylvania stock broke the price another 1*2 point and caused a slow reaction In tho other leaders. But tho scarcity of real offer ings for sale dtocournged much activity on thp boar side, and the rest of the in..ruing was K'Vtn <»v«t t" desultory operations for the rise* In some of the minor specialties, and In ono or two other issues of more Importance. Of tho specialty movements those of Colo rado Fuel, pressed Car and Car Foun- • li v were til*! ni'.M conspb’unur Louis ville and KoshvIUo was the strongest of tho railway group in a continuation of reports of an increased dividend and the other Southern shares were sympathetically strong. Illinois Cen tral and St. Paul were well maintained, but the coal and steel shares were heavy. In the stock market strength charac terised the opening. Louisville and Nashville up 7-S; Tennessee Coal and Iron up 1*2; Colorado Fuel 11-4; Penn sylvania held an Initial gain of 1-3. Heading was somewhat unsteady. Else where the improvement extended to a small fraction. Business was on a moderate scale, and after the opening trading prices were Inclined to recede slightly. Brokers said that the market was al together a case of "dog eat dog," some traders backing stocks up, while oth ers offered them down. Government bonds unchanged. Other bonds irregular. Amalgamated ...... ........... Atlantic Coast Line ** Americau Sugar ltcflnlfijg A ascends American Loromotlrc do preferred • .• American Smelting Reflolof ..... • I" preferred Bd American Cot ton Baltimore nnd Ohio... • Brooklyn Bnptd Transit Canadian Pacific . Chicago and Northwestern •< Chesapeake nnd Ohio.* «... Colorado Fuel nnd Iron Central leather ,•< do preferred ., Chicago nnd Great Western Chicago. Milwaukee nnd 8t Paul .,....• Pels wars and Hudson *. Hint tiler's Securities • < do preferred Gcnrrnl I'leetrtc Illinois Central American lee Securities National Lend......... Northern Pnelrte New York Central...,, Norfolk nnd Western 1'ennsylvanln People's tits Pressed Steel Car do. preferred Pacific Mall "ending IlcpuMlc Steel,,, Southern Pacific...... Soul hern Bnllwny..., ido. preferred Blotsfibs (field Tennessee Coal nnd Iron Texan and Pacific Colon Pacific I n!t*d Slates Steel do. preferred. ■ da preferred fMtflfl < 'nixUu.i < IpBftff ■*' preferred... 1 ., Western Union Wabash do preferred Wisconsin Central ..., do. preferred STOCKS REVIEWED BY NEW YORK SUN JULY MAIN FEATURE IN YESTERDAY’S MARKET New York. June L—Tho Sun says: "July V* i'll n. U"UC 6- * *4* WJ3* the main feature and declined rapidly for n time under the pressure of kcav. liquidation, hammering, ston orders am. lino weather. The South, Liverpool, Wall street sold, and Price and Weld Interests are supposed to have sold July very henv m |E! bis, thi llv. '1 tie Weather trim fnvonib that little or no short Interest remains llo-re; n stat. ni'-nt x\ probably ought to be taken with a crnln of salt; nnd, In a word, there was nothing particularly slim tilating In the news from any part of tho eotton world, although the nctlvlty In the actual eotton continued nt Liverpool. Tho May deal has couie off tnmely—"Much rry the hulls Intterljr recej [y red ily on too lino moment at , actually defunct. Phllndelpl ... qoan- »}onr town, hut to n)l appearance* Its lend point Upon It. looks, ch me t least, decidedly sick If OOt funet. Philadelphia Is railed they Insist on very prompt shipments. New Orleans, Juno 1.—Business small this morning, but undertone better. Shorts In cllncd to cover. Oar traveling representative wires Cen tral and Southeast Arkansas crops fin.\ clean, well worked, good stands. Texar* Mum to CJarksrllle gooil. Paris to Bonham spotted, some good, but generally small i"’'l Lit oui; iiaimn hhw ■""oy ** _ __ in Inrxn nuinlu>r. for tprrliorlnn nml 1’nn linn,lie. Aorcxe lr.i tlinn i:rt4j wmilior f.Tornhl.; work piutand rnpldlr. Bhornian to G.IowtIII* ' iinnll, bat emin, », » Our rfllnble Trxnx frlrn,!l,wlr«: “noli wmtII hx« nppwirrrt nrminil N.rnxotn. Hum to xprrnd In tbnt Motion, Mpcctatlj with ant, .bowtra. PIEDMONT BROKERAGE CO.'S DAILY MARKET LETTER New York, Jane 1.—Cotton—ExpMtntlonn of continual llqulditlon In tod.,', rotton msrkrt wns rxlhrr dlaappotnfluc to tb« bmrlxb rlrmrnt. IjT,rpoot cnbln, wbll. «nt, did not fall, M»t onr dndlno,.nnd n opminff hot. oiir_mn>k,t nnnd front blxhor to 3 lowor. Wrxk.rM d.x.lopnt In toTint hi “ half hour of trading. dn, low lrr»li wm and. for tb. J.l, opiloo, while tk. now ~ _ point Uixr.r £ lx now ilnoat unlvrranlljr brartik, nnd rot- ton Mwtnn to bnr. no frlrndn. Th.wr.lhrr rendition, eontlnm nlmort prrfMt. Attar th. noon (aulon. tb. m*rk»t barxm. .*• trrmrly dull nnd itrrnxttl wnn notlcrablj In tha naw crop option.- The New York and New Orlaanx cotton uchantea will b. doaed tomorrow. fitock^-MIdwntniar dnllnra. prarallrd In the itork market gvrlat the mwnlnjr l» Ilon and tradln* wn. ««i#n«l to on. nr Umlnlllo and N.xhrlll. inlet .Ink km. > eniijr trad llroaSi by II nror. , of the e next tn im ui.iau expoMim, while In hljrhlr braeflrlal to railroad*, tend now DAILY COTTON LETTER. New York, Jnoe L-lt wn. . ref^Ur kol. hainrnrrrd £wn*f«edmn/ by pro- llFS-rssi' , aJS t '?-pisK of Tb? nrHra'irat'wIthtnrartntn'kmlt./ for n tlm. sdranetaf the r"ml terrl b, .neeUttr lendenklp. and w. wnH keep ?id7th">rr m ml.O’nn operatly forp^ra theory In ■■ daUy. UilMf fair ratmJIWS^JISWIR ln« —hea wrak. for orrtsold SB irregular sdrsnee to likely. GIBERT & CLAY «ft L ALABAMA ST. STOCK!. BONDS. COTTON. GRAIN, corree. pkovisions ATLANTA. 04 (CM BCR• v ' * JP - J/W Tork -'ew York Coffea Exebang- Prtrsti Wires to All Exchsnx' Locsl and Long Dlslanc* Ttltphon# 6298. Jerk Jt,orb ffxrhenxe.Nrw OrhmnOg- gg*' w Orleans B-'sr 1 of iTSUc.i lag spot cotton merchants hsrc ( stoo«l tip to tho rack nml beaten tho New York bulls. But the May agony to over. Tho July option to mnny seems an equally fitting subject for an obituary. The only disturb ing factor visible on tho aky lino Is tho government report next Monday, are those who think It has been dls< In this wew’a big decline. There There Jocountod ... .... There are a good msny others who prefer to prophesy HBftvt a good dost of company, pos sibly It may yet prove altogether too much leader In May aad becom* the “ r for July, and Southern longs by the government's acreage of VnawIa«iK,: an to IUR nniuro OI lit* uotu- part ana. tha *oraramant will msko u«d of and by th. daprmlon loftcally fullowl 3mm wtk. of daknlt. d.frat, pur- rod Immo.lty from furth- r •ll»- ■ ' if tho ntixtrr ranulpn- rnooxh th-rofor. Tii- dltlon raport nmtlos on a dny wh.a thorn nrhiu. will bo olo.o,! liy I tmtu w,,rrl,-d by n total nbMhc. iit.r at tb4 hand* of tb« mutor. raxnljm httor, psylnit drarly i _ _ .... „ pot y.t Mtlsd—1. -Jipsu will I* brarlxb, or In other word., that It will xbow an aeraatre In ex - . *—— —— Hr cm of twenty-pin. minion*. Tb* •refore I the eveBlB* up process has been predicated spon no concerted effort to discount Mon day's report, but rather upon the desire of the trallrra In both factions to get out harm's way on the near months. The toct that big people at New York have sold short many thousands of bales of July may Im* attributed to causes other - 3 " b W? WM* nd currant cr.nt* on tb. man who ■ ratbrr than lei* baa on,lm,l,telly 1 up as allarintr proapwt t-> th. bnr manipulator. Tho* tb. *p*cttUtlr* Ikaowlcdn JS85 w , *l ■itnaUnt) h*» bw completely ■ rarrrawl tkronkh • profcnlon*l _ Uctir. alone, which ......... Iinmcllat. futnra, ptaen tho atapl. clearly on the ilefrn*lTc without, howarcr. tnhtnc from the farmer or the factory man ultimate price nrlittratora fn th- errnt they propoM to tmrin It. ^ •-Thera la now no iloubt whaterer la the ir.lmla of profe..6.nal* that a July deal la to b. iiumlpolatr,] In ths lltjrrata of th. bear. Conraqi-ntlr. n liearlab bnraas may mm readily bo turned to mocrato aeconat by tba rlan than a.bnlUak re- l-.rr. But July contracts are latrlnalcally worth man than nr. aaw crop potto.., B 8&S83S tain Bora, aort of a praalmn no nwtur what crap condition and acraara macultml. are brornikt to ilfht seat, Jlooday. But Ur at law taetlr. aajr atalB hara to be neortad to ere th- p» akall hare been played to eooelaatoa. Meanwhile all ae- cooi.t. hue not t—n etened np and n brnma^lkf today, the last day ■Sami .New Orleans In it on- of tn- Import* SSMBSSSK tho year, xrenld probably pare the way to bfoader epecMatlje ei«-ra- ss'i.js.v.’say^'fn.?, iteirTs iiimuilon of yeetenlny'a ®sKsas^d.t?ras.,* New York, June 2.—The Sun soys: the msln the stock market displayed s strong undertone .and was governed most of the day by aa advancing tendency, but the volume of transnctloaa waa limited. Numerous irregular reccoalons In prices oc curred from time to time, and st the doss a celling movement wiped out ths largest share of the earlier gains. The market waa strongest In the forepart of - the day, helped to some extent, perhaps, by an Im provement In flnnnclal sentiment in the foreign marketa. This was due, as seemed, to more encouraging views taken In 1'nrts, particularly regarding tho Russian situa tion and together with firmness on all ths European bourses In the price of Russian bonds. Tho Pennsylvania shares led In tho fall, and their wenkucss was accompanied by a story that negotiations by tho man agement of tho company for the anlo of 850,000,000 short term -notes In Faria bad been broken off. This story was authorita tively Btatcd to be untrue, but there baa been up to this tlmo something of a popu tor misunderstanding of tho status of ths trniiMiictlon In question. It Im* li.i-n nmi inoiily supposed that tho Pennsylvania sales of Its short term notes to l'nrls bankers was definitely concluded, but tho fact Is, that tho arrangement hns not yet been although it Is thoroughly be lieved In well Informed quarters that tha loan will. In due course, bo taken by tho Baris houses with whom dealings In ths matter have been had.—Gibert k Clay.. UNDERTONE 18 FIRM IN BOSTON WOOL MARKET Dy I'rlxate wire. Boston, Juno L—Tho improvement no* 11'I a week llgo luiN lint led t" HUY l.-.ivy transactions In wool market. There has i" n n fair volume of business In small lots of domestic atspls sod ft few si sea bis transactions of foreign stock. Tbs under tone of tho. market Is^flrm^stKl dull, the previous prices are MsBaffttb STOCK SALES. 11 a. m.. 12 uoon.. 1 p. tn.. 3 p. in.. Total .. 3 i.i.iiiw snares ..lft.N0 shares ..bTJOO shares ..274,000 shares ..832,800 shares TIPS FLASHED From Wall StrooL Private Wire to Gibert k Cloy. Nsw York, Juno 1.—Continuant* of Irregular Improycmnt operations, in lerrupted by tin* uhuiiI prnf.-.MMl'ih.il expected In tho stock market to day, with specialties favored, and wo I" II* • • I••* t. .1 M".-hm I'uiy be lmuglit .ill i b*-‘ • m>fI f'puts In -night uli.iut by raiding of certain stocks and nntu- ral speculative realizing from time to tliu<% provided tho dally operator is content with modern returns on bulges. LoulsvJUo and XnahvJHe may bought on all recessions. Tho Fuel pool seems confident forcing tho snorts to cover up to 60. Tw. hundred la being predicted f,,r Illinois Central. A bull tip Is noted on Missouri Pa cific. Unless active, It should bo Ig nored. 8t. Paul should be taken tor a turn "II this I e.ii’t |"tl Reading Is sold by professionals to ward 142, and until ito pool 1s willing "•i« n., ciii<4 mini im I'uui in niuiiiK In take that l«v,l It util not material ly odvnnre. Tho name may bo enld of I ni''11 I'.I. Ill'' th- 131 A bull tip In reported on beet sugar. I—Financial Iluraau. I. reported Ihnt the SI. Toul flnnnrlng will be on a basis of equal parts of 4 per cent bonds and com- »mn stock, so put out as to provld, substantial rights for stockholders. ath. Tin- new dip uoremeat Incladee 'sales Is Ori'god st 28 to SKc, sn ratlm.lnl srersgs KSinfl cost Undea of 7te. Males In tlss- nnr, Wyo., ara st 32 to 24c. A clip of M,- 0>J jk,nnd. In Idaho waa Imoclit ns iloatnn account at 13c. New York mills hara paid Ike Ohio farmer.. 31c for medium wools on the cars. Tbs sales of tha week, as reported, amount to 1.1(0,088 pounds domestic ant pound* foreign, n mini nt 1,115,300 ujuua aa eeanpared with 2,(66,000 i-)!i 1 tho currespomllng week of Inat year. ESTIMATE OF ACREAGE BY THE N. Y. COMMERCIAL i < iiiuiiili* tun uiwiiiiujc ihucu m ths acreage In eotton this season, ths ares at 31,157,2(7 scran, against arras last season, an Iseraass of By Prlrate Leaaed Wire. New York. June 1—Tha cotnmardal and Financial Chronlclt this morning lasoed a report on 1.54 par rent. Tb* pspsr atntea that m* turlty la sJjn about up to tb* srerag, awl list the crop la therefore In sdraoee of ■at year, tlultlratlon has lic-n aatl.fau tsrU/sttssdad to, desplt, ths reportad scarcity of labor. Th. ruwllllon ou Jana l waa quite farorat.le with aland reel. The outlook prom lac* n satisfactory yield If fair arerage season* ara experienced dar ing tha summer, and tha aatamn. dlrldtul estimates of r.UTTrTuI h.v'e nn jelaaliic ...min.nl. W injuaiun iii »iiciiIk* continues, Iwt Is 1 gg> than antlripat.-l on account of th» continued fra. raeiripta. The Bombay atara- sr.V’ year and ahlpmenta ara grraler than tbai Orel Iona year for the same period, by a Faw thousand balsa, sad Ibis, takas, la r'SKSfKiS: mem tbla afternoon will not possess any partlralirly bearish feature. SOUTHERN EXCHANGE Oldest Established Office South. COTTON STOCKS BONGS GRIIK Ground Floor Oould Building. Dally market Utter and market manual mailed on application. GIBERT A CLAY’S DAILY COTTON LETTER. Ml Cut tan KxchSBfS. W. R. FAGAN, Manager. __ 3 Mats than Tbsraday'a mt Mies continue exeeUeat la Totaaie, clay'a t r J aaactlut., muountlng ta ItMO ■ Ira, tha utd quotation, lodng rcluerd 5 Mnta TW Warydl-taMatlon tbnt baa of it. Wen otarrrrd raetua to bare run Ita .june. or at least the weaker element ate near, tu hart bemi shake, out. for tolay ■ market waa eor.iparatlrely dntl with boat- im am an exerctlecty .mall s-.tie. All latrnat In the market haa eeaw-,1. pn.dlug the gorernmaat report (londajk aaarnai L.J. ANDERSON & CO Bankers and Brokers, COnON, STOCKS, GRAIN Corrnpoodiit's Capital 1250,000 acrcacNCg. thc ncal bank PHONC latT. PSUOtNYIAL U.DC Now York. June 1.—In London, eon- noln for both money and account da- cllnod l-16c. Tendon firm, 1-lftS-tc up. No marketn abroad after today ubtll Tuesday next. Wall etre, t, however, A ur.otillJ il< 31 uil piipxi, jitrnwroi, will mako n marknt, but ono that will bo apt tn rhnngo but little, except In r|M ■ 1. 1111, 1 —, . ■ 11 lx illlill eetllltiieiit H nnr, or lean bullah on oxpcrtatlona of a very favorable bank statement, nnd tha belief that aggrasalva support will be egtendad whenever pressure la too pronouncad. Nothing In the news this morning to affect tin- market materially. Ba- Have It will have continuation of trad ing conditions of past faw daya, with aoma activity In spcclaltlra. Believe Louisville nnd Nashville, Atlantic Coaat Lino and Denver can be bought for turns. Adytss accepting small profits, anyhow. NOTES ON GRAIN Pointors on PrdvlBlons. character. . Tfcrre traa striuly IkpshtotlAQ iff lw»th May and July wheat all through thc acnUoa liy romnilaclnn houoco. and local long* dtopo—d of qolto a little. Bartlett k Friedman were early Mlcni of July and Knocluu'1 of Hcptnmbcr. Hhrnraon, Ham- tulli & Slaughter were oellcre of May, l»retl- On tin break In market. Jast before the clooe urgent rell lug "f *• i. I |..f * ..f Mu\. in. , il' (v Itli nttle demand, broke Use price to within n hare shade of the Jolj.| ten broker* and profit taking by aborta. tho market from air opi'nlng dip and turn ing It strong. Trado was munll. "Oats were heavy oo aelllniTby nartlett, fchvnnl* and pit tredera. Buying waa scattered. "gelling of provisions at the outset by broker* forced the abort I "Utah huslui sn in wheat In Chicago Thursday was 110.000 bushels. Ineluding ISO.- 000 No. S hard nt lVtc over t'hlcago May Baten In May delivery In th • afternoun. ■ Sal. ri a.r ' ..J I) U. •■• »"• I .-1 • • .! 1 oats SOClOOOl and at the seaboard the only corn, t'hhrters shipping houses doing the business corn had previously been sold for loading the first five days In June. The rate was l%e to Buffnlo. This will clean out tha shipped tMW* nouBd* of hams and shoulders last week, or 600,000 pouuda more than the same time last year/ Mid fhe • ■«■• w»aua- ■■•■ri- latai ^•••3, * *18- bam maa of on. of tb. big purkera. ‘Our InukMa joints him .been k>nk1 right abuig nnti wn am arrmnulntlug nn storka. run coming at all.' Chicago, Juna I.—It [Ilona, wheat rr yeafenlay, H'ea i l.~In faeo of lH-arlah con- raillcil well front Ita break alher today la eapeclall/ gnod. Halna over Ohio valley, where need ed, nnd dear and warmer northwest. There la a large July bidding In moneyed hands. Crop outlook fa so brilliant that It cannot lie Improred much, bat It la alwaya liable to accident,. Hbort aellen will not dare LOST OVER A CENT IN A FEW MINUTES IMPROVED WEATHER CONDI TIONS RESPONSIBLE Commission Houses Sold Heavily on Stop Orders—Argentine Sihpments Heavy. erata contrau. decrease. Flghty celt* la a debatable price with th* winter wheat; crop far from as sured. Believe purchases on soft spots safe for small profits at least. Favor buying oats on any further dips. Record-Hem Id: "final deliveries on May contracts were -1.38,000 IuisIiHn wheat, 860, ono bushels corn and aan.mo bushels oats, light deliveries of corn were a sur- SC oata trade will hereafi breo the rustnm with wheat and corn. The st-Mfly lncrea«lng lmportan«*e of tho ants trade hero made the action Irapcra- PRIMARY MOVEMENT. ,0W boihals last rear: shlpmtn IiunIu'Ih, against 152.**"0 Imhi yuftr. 'H Corn—Receipts ftJO.OOO bushels, against 512,- els, against ff..- LIVERPOOL GRAIN MARKET. Wheat openwl unclinuged: 1:80 p. m., llllt na aa,---saw. ., .■ 4 IIII IINO I . changed; rinsed tiiirliniigrif. Corn opened U higher: 1:» p. m., U high or; closed *4 to V4 higher. NORTHWEST CARS. Following table gives tho northwest rare of grain today, last week and Inst year: least least Today. Week. Year. Minneapolis 145 12<> 157 Halutb ........ 74 31 4 Chicago a a ... • • • 7 I S By Private Leased Wire. Chicago, June J.—Wheat closed 1 1-* OX 3 -8c lower, while corn was 1-2tP5-8 better. Oat* were off 1-86l-4c and provisions lost 17 1-2Q27 l-2c. The bulls In wheat encountered rough sledging, while the bears enjoyed smooth riding. Thero were new figures on the Southwestern crop, KnnxaH be ing placed clearly nbovo former estl- .1 n.I tli.* "Mur Southwestern Mill, ri * t"ia'l 14 were ridded to. itejddrs tho unloading of longs in July and Sep tember wheat thero wruv some short selling by scattered Interests. The demand for Hour was small and cash wheat was qulto dull, both her# and In the smaller markets of th* < oub- 'll." Sii"A M‘i"'it "M wheat was construed by tho wheat trado os quite bearish, while it was bullish on <>Ats .11.1 -1;in11 -• • If «• n «■ • • r11 Th« situation In hog products was woak, w Ith packers leading sellers. Primary wheat receipts were 816,000 and corn 810,000, compared with 260.- 000 and 542,000, respectively, a year ago. Clearances were 257,000 wheat, no com. nnd 11,000 oats. Cash wheat was actlvo hero late in tin- d.iv, 1 .nt Hi.- amount traded In aa w. ll an Hi.- price w.-io not mad" public. Impiovd weather conditions nre largely responsible for nn easier open- nn: in lhn\y -•■Ulng by com mission housos on stop orders caused decline of over a cent In a few minutes -t11.• i the opening Argentina ship ments were about half n million over tho estimate and markots thero report ed quiet with a downward tendency. CHICAGO GRAIN MARKET. Open. High. Low. Close. WIIBAT— Dec. ..81 81 $0 SOU Kent .. 804 6orn- Dre. .. 47*4 July .. 49$ 47H 81*4 8ct»t .. 48*4 OAT8— Dec. .. 82V4 July .. 83% ftopt .. 31!4 PORR- Jniy ..16.28 16.25 16.10 Kept ..16.12% 16.15 16.«») LATllJ- Ort. .. 8.72*4 «.7B 8 65 July ». 8-87% h.07'4 i.r.:% Sent u 1.87% 8-874 8.724 M1IJK8— Get. .. 0.10 0.00 8.oo July .. 0.32% !•.*/» 0.15 Itopt ..0-814 0.224 0.10 33% 31% CHICAGO CAR LOTS. Wheat . . , Cnn\ ... Oats . . • < Hogs ... Todfljr. Tomorrow. MADDOX - RUCKER BANKING CO. CAPITAL SURPLUS AND PROFITS $200,000.00 $300,000.00 ACCOUNT* INVITCO. Wo Roll thc widely known and cxtormively nix'd Circular Notes nnd Letters of Credit of TIiob. Cook «fc Son. . In Our Sivlngt Department we allow Inicrcal at the Rale of 3 1-2 per cent Compounded Semi-Annually. Dow, Jonaa A Qo.’n nummary yenterilny'n (took market: Amartcan itockn In London firm, 1-1 Ot-(o above parity. London market cloaea today until Tuesday mornlnff. Canadian Padllo on present ehow/nc li earning 11 per cent on common ■tock. United State* Stael net rarnlntta for flrat half of 1903 will establish new hlffh record. Harrlman ro«Ii buytn. *teal roll*. I.lffht demand (or Hooka In loan crowd. Money returning from flan Francl.ro and 120,000,003 more expected In next two week!. Standard On* ft lee mitt In United Stale, circuit court to enjoin elate of. fleer, from enforcing 10-cent gan law. low. state crop report beet for this time of year nlnce 1300. Dun'* whe«t crop report* »how out look better than u*ual at lhl» date. Reported Southern railway will Mil 13.200,000 bond, abroad. Twelve Industrial* advanced ( per Twenty active railroad, advanced 20 per cent. NEW YORK COFFEE MARKET. Th- following tabh givae the opening ar-I il-.-ina quotatleae for r„ff,.o for futur* daUvery today In Naw Tork; Msreh April August^. §■ Itoptomber Meptf-mbre October a Noremlisr DKtwbff Frank Hawkins, PresIfii»nL II. M. Atkinson. V, P. Tkomss C. Erwin. It. W. Byurs. Asst Josrpii A. McCord, Cast ter. Third National Bank a a a $200,000.00. a a a $300,000.00. LOWRY NATIONAL BANK CAPITAL, SURPLUS AND PROFITS OVER ONE MILLION DOLLARS Foreign Exchange, Travelers' Checks, Brown Brothers' Letters of Credit available in all parts of the world. WARE A LEE AND COTTON, GRAIN, PROVISIONS, STOCKS, BONDS, fie. 2 Walt St, talar* BulUia%. Atlanta. Ca. mmaiss. Haw Yark Catlaa lnhaaga. Bam Orlaaaa Catlaa fjefttagt- ilaaraaal Catlaa Atianat.oa rrhala Wliat ta Bam Yark, Mam Oilaaas, Chicafa. Ball Fkaaa IH2. CH<ai$ Board at Trada. Cnuaao Sta<k tnkaoqa. fork Catlaa i*tkaa$a. BANK CLOSING NOTICE. Ijss* hi. Jvffrreo* Paris' birthday, to a togal^ulIMsjr^,* Ftm.lur. It win y. Jan* 6th. The toanks PIEDMONT BROKERAGE CO., f < (Incorporated.) Basement Floor Piedmont Hotel. j ftTOCKft. SONOft. GRAIN. PROVIftlONft. INVESTMENTS, Feti Wire fiervioe from New York, New Orleene, Chicago. COaRCftPONOCNTi M. J. SAGE Si CO.. 4i BRO AOWAY. NEW YOMM. BOW. HOTll. Ma»a§at laeal tod Loaf Di*taa<a Ball fifieee IBM. HBHI