Newspaper Page Text
THE ATLANTA GEORGIAN.
; ‘■‘T v *
11
MARKETS
Edited by
JOSEPH B. LrVELY
Mr. Lively has edited Markets in
five years, llis experience make:
South if not in the entire country.
Atlanta and the South for more than twenty-
him the most reliable market editor in the
IN LIVERPOOL
JUIORES opened at a good
advance.
teft 2 to 4 Point* Lower—New
York Dull and Slightly
Higher.
trad* In rotton
the action of the Liverpool
K ^' Ve tW. mOTnlnc, |«k«i
fliivaiicoH of from « to 3 points
Jjfjllj* A« that marke t am dm tn
•B ?i iMiiata lower on .Inly and August
'"Taa'rhai e al on Iho the ahowjng
a. it t n atart WBB highly mconraglnS
StolJrra of * T “° n, " rk '' t *•"“
ww^iimtorlal. however, that
L 11 ^ 1 of the South look for oncotir.
8* people department, that Is, tin*
J? the Bus Hall cables Indicated
««'kn«« with n Tory anjall boil-
Jam liali-a balnit tnJwu
K“,pfnn!!?i ff/j&U"' "< 6 mM -
"Rtw'ftrknnlrkot owneil nmhansa.l
6 * dilute hlahcr. A full respond* *o
^mWa* strength should have hero an
•"V^tih ililn* mmo! with llttli- mil,-
»£ k .’ r ', „ iiMlTue of ■ few point! fat-
Ki|. knt on commlaalnn ltnue mnl Sew
ET”„ ! . boytair. «uly anllora ituted to
SfrlnV and « email rally U»k gjWk
utile strength was shown. Prices
Midi” were 1 P"l"t 1""'" “ 5 I’ olntK
ki wnh tho exception of a heavy wind and
. a .tarnf In Oklahoma and the MOtliern
S i, , of the territorlea laat night wh el.
SJi n»,ilrtwi to hove done considerable
to cotton, the weather contluucs
rKT'iwit alluatlon In the South la gen-
m T , ' ai.t hut tho trend of prteea la
PK« *,h , e°r.. ,l eo 1 , ,;,der„h,o d.a-
fc 'gT a. IwiedV tho agrlcnltnral de-
fesiJSv.’iaSSt Sf 80S,5 I'Tr 1 !
retJirtii on Which this eatluiate was
t'l •aWitTST-.J, market.
However, It ronhl bare no effect prior to
111 investigation, and then very little unless
[TIi? New * York W Cnnimerelal, commenting
)n th.* government acreage figures. stjro:
• The government acreage figuresi are^ In
mine degree peeullar, nlthongh tin*} rep|•
u nt only the average Idea. They show n de-
1 nr»r rent In Tennessee Olid
teinnn, where nrtvnte reporJBi had foiled
ttdiionieen’fJr this remnrkalile^MJwaio
»>tt.!n land'tSnl'ynMtwlfy f.een put Into
rraln-the total In. reaaa would liaae twea
nily alk.ut 4 per cent over laat year. TM
nyernment gueaa oiado an luemtso In acre-
.go In Teina and MlMlMlpnl of I per cent.
11 Arkawaia and JlwraUt of O ner eeat. u
ho Carolluna and Alalaimn of 5 per cent,
ind In Mtaaonrl of 9 per cent.”
The aemt-weekly movement nt tho In-
lerlor towna la «» fottowsp
lleeelpta, 12.107. ngalnat 22.9S0 laat year
mil 12' w In 1904
Klilnmeuts, itfitt, against 30,291 last year
md 6.653 In lm. • A t .
Htorks, 174,197. agninat 303,143 last year
ind 95,148 In 1904.
SPOT COTTON MARKET*
Atlsnta-Qulat. lflttr.
New York—Quiet. 11.20. .
New nrleans—Oulet, 11 13-18c.
Liverpool—steady, 6.99.
Augusta—Htcady. 11c.
Huvnnnnh—Quiet, 1074c.
Kf. boils—Quiet, lie. • •
t'lmrl,*st«»n—Quiet, 1084c.
Wilmington—Hteady, Md4c.
RANGE IN NEW YORK COTTON.
The following !• the range In cotton
futures In New York today:
Previous
Close. Close.
10.51-52 10.44-4*
10.511-57 10.49-50
10.47-4K 10.41-42
10.38-39 10.32-94
. jojf 1U|0 Lflj-ft
l».37 10.27 10.27 10.27 10.36-38 10.29-90
10.18 10.41 10.31 10.41 10.40-41 10.3W«
10.37 10.44 10.35 10.45 10.43-44 10.37-38
110.42 10.40 10.42 10.43 45 R87-39
in -j . mj, in r.i in-. * r. i in ik-.i*
Aflr. .10.41 10,4k 10.JT 10.,
ke|il .10.31 P>.34 lft.it J».
Oct. .10.32 10.3* 10.
RANGE IN NEW ORLEANS COTTON
Colton fntnreg mng. ,1 na follow* nt New
Oilcan, today:
taint Frevlout
Open. High. !a>w. Bate. Cla.e. rioae.
W» .».« M.64 10.M JM4 )#.1t75 MXS
lair .i«.73 30.83 to.a S.kl i».»n ii.75-7«
A,12. .1044 10.44 10.44 1*1.44 10.51 VI 1».4»»
wpt pi.37 30 IftJMI
Oct. .10.23 10.29 10.14 lMt 10.9127 t0.*_
|>re. .10.24 10.32 1021 10.2J 10.20 *1 10.27-2*
?*»■ .pj.31 w.37 loll lo.sd i".:ei 37 10.20 M
1 ell
Well .10.3H 10.3S 19.38 10.9S 10.4647 10.43 44
Plowil ateady.
LIVERPOOL COTTON MARKET.
Liverpool, June 6, 12:15 p.ni.—Cotton.
fp°L dull, with prices enslor: middling up-
Unds. 5,99.1. Hales, 4.000; Ainorlcnn, 3,4'w;
■Pecnlnllroi nul eipi.rt, fc.k Ileeelpte, II.-
«■; American, 7.»io.
rutures opened steady.
Prcv.
» Op*g. r’nge. Close, close.
i 0 "" , |.7ir,.7:i 5.77 r,.«)
Inne-Jnly i.74 5.7.7 5.77 5.7k
July Ang 5.74 5.75 5.77 5.an
fW IVpl 5.5* 3.63 5.71 5.73
SI" Jh't HI 5.61 6 «7
'‘‘■'-•Nm' 5.365.57 5.50 5 <3
Wn. Uer 5.IM.56 5.54 . 5 «
I'hv.-Jan 5.7',5 57 5.5i 7.61
t 5.50 5.37 5.73 561
l'h-Mnrch 5 56 7.6J 5 63
ll„*il ateady,
TODAY'S PORT RECEIPTS.
The fnliowlif tahl. .bow. receipt, at ,h.
UJ* hvlaj. compared with th« .an,, day
R*» Orteana
Jjunnah
D‘* r,,>a u>i» '
Fjltulngton
Total
siis
INTERIOR MOVEMENT.
Boaatnn
MfUSf.1
::::::::::
5- l>'*iis
"■
NEWS AND GOSSIP
O* the Fleecy Staple.
Private Wire to C.lhort Clay.
Now York. June 6.—The market has good
undertone o*p4>o|nlly for new mips.
Ho rnutlous lu soiling. There Is no can-
•d'I'raMf IhihIii.^k i|flm; f-.r full vhlpiuont.
and each dccllue results In fair commit-
l*he
lins li
een very good buying today
by good_ housi _
New York, Junq 6.—The Journal of Com
mon ,• mi > s: "More buyer* w.>n* In tho
market for tho day. and while trade was
not brisk, more confidence was oxnrosKiHi
in prices nuil In the outlook for trade.
Tho Jobbing houses drew n steady trade,
nnd tn some Instnnoos there was n bettor
demand at ilrst hnnds. A inMernte demand
was not oil for prlntoil goods for fall de-
[oWfj nn d those houses that have special
fnll stylos to offer are finding little fault.
Domestic* were In better call hi some
houses and bh*neheil gt*f>ds were sold more
freely. Denims sohl freely to some western
buyers at prices that showed but small re
cession from the top figures of the year.”
New Orleans. June 6.—New York Is flooil-
tng this market with bullish dope. Coder-
tone hen* very g'*«>d, but triuh* \«rr light.
New Y'ork wires ss follows: “We doubt If
It Is ailvlsnble to follow the decline. Market
ovorsohl on new crops.”
Western forecast Indicates partly cloudy
weather with probably showers for almost
nil sections, while colder weather Is pre
dicted for western Texas.
North Carolina—Market r
underlying strength nnd a
now In progress expecting n slight reacth
Business, however, exceedingly small.
Barrie Jordan inySj^necordlng to a Tlnies-
strength
•oneration of the
_ — puon of cotton,
with good prices for manufactured product,
will certainly maintain prices even at a
minimum of nine to ten cents nor pound,
with even an extraordinary yield from tho
from Its corps of correspondents.”
Prlvuti* Wire to Ware A Poland.
New York. June 8.—Bombay receipts for
the half week were 18,000 hales, against
32.000 last year.
Weld was a seller of December around
10.34.
July was nicked up quietly here on the
decline. McFadden 6c Bro. are said to hare
bought that month and October all day.
Liverpool cables: “Market quiet and
steady."
The storm over the Territories last night
appears to be a serious matter. A big
acreage had been nut In In that section,
the government estimating an Increase of
26 per cent In ^Oklahoma nmr 15 per cent
In Indian Territory. Prospects were so
fluttering tlmt railroad nfflrers recently 4>h-
tlmnti'd an acreage of S.00n.0(»o and a yield
of 80*1,000 bales for Oklahoma alone. If
the dnmngo to young cotton Is ns serious as
press' reports say. it will seriously affect
this season's total yield.
PIEDMONT BROKERAGE CO. f S
DAILY MARKET LETTER
Cotton—A stronger Liverpool opening, but
with smaller sjiot Kales there, nnd futures
up from 1 to 3 points, whereas they were
duo to come down 2 to 8, caused n better
opening In our msrket. Boon after the
opening n weak spot developed nnd tho
room bears hammered prices, but soon
found that there was very little cotton for
sale. A sharp rally of 10 points In tho
summer months, which also extended to
the new crop options. Anybody who has
given the slightest attention to the techni
cal situation knows that the South has
been selling the distant options for some
time, nnd they have been encouraged, too,
by the collapse of tho May nnd July op
tion* and the generally favorable weather
In the South the past ten days. A largo
short Interest exists In the npw crop op
tions. and weather conditions will play nn
Important part In deciding tho course of
tho market from now on. ■
Blocks—Dullness, but with strength nnd
advancing tendency In specialties that have
not yet scored ad ranees daring tho past
week were noticeable In to<lny’s stock mar
ket. A large vulnerable short Interest was
disclosed In Consolidated Gas of New Y’ork.
and shorts were forced to run. Advnnces
wore also scored in American Locomotive
nnd the railway equipment shares. 8t.
l'aul led the advance In the granger shares
on excellent crop reports. Amalgamated
Copper was very strong, and although tho
statement published by the company only
showed surplus a little over dividends paid.
It must not he forgotten that the Amal
gamated Copper Company Is a holding
corapony, ond Us, profits accnMi from It*
subsidiary companies, nnd f the trensu-*—
of these organisations could be lnspec_
It would disclose the real financial position
of Amalgamated. The trend of the market
U certnfuly upward, and the main factors
at work nre the excellent crop reports and
outlook for easier money for some time to
rome and continued prosperity lu business
generally.
L. J. ANDERSON & CO'S.
COTTON LETTER.
New York, June A-J'Biiioaljr amall too,
untr. ami" tbla raonilnf la Urarpool, 4,000
tinlart nt a dfolla. of I Pjl"'*. whlrh e*-
presses the opinion of Kngllsh spinners
relative to the jirewnt outlook. Th.y wa
fer to hnM off awhile until a more aatlij.
factory Idea of future auppIlM can be ob
tained. Tho future market, however, ww«
steady and well supported. The b!| bpll
Interval, uere In "‘e mnrket with nuraerpu.
supporting order, lielow 60 for July and 10
for October. Also dry weather la com-
Dbtlut'd of from eorae naettnn* of the wait-
era liett. l'or the near future It would
«ecm that weather report, will be the mo«t
powerful Influence, far aomo time pa.t
ntmoat Ideal eondttUma have existed, liut
It 1. ren.nnnlde to .oppose that thta can
not continue tndeflnttoK UnU unfuyor-
nl.lc mother develop during the next two
rnSStheTo doubt price, would be aubaUn-
ttally benefited. Wo think the altuetlon en
tirely too doubtful for abort selling Ju.t
at tbla time.
GIBERT & CLAY'8 DAILY
COTTON LETTER.
New Orleans. June fi.v-Urerpool wa«
ft; iptffJS&S Zss&B
?b r0 . l, £r e n 0f M^..1*Kv. b, rfhe W %h h
|
th“ rank, of the abort elemeut. Only
ooeiTn ?he day-atredta* era, the attempt
made to fores prW* 4ow«, MU
”T£oiSed“Thc Bffins. ‘Si.ffiSS
^\ , >Vrebuad.a ;:; ofme l .,arew t leb
have .o I,inti predomlnateil and bring about
enhancement In values.
COTTON SEED OIL.
J5U PESr-ar*
GIBERT & CLAY
IBAMA ST.
ITOCHt. »OkOA
COTTON. CX6IN
corrn. e«ovi«ON»
MKMBCRSi
atlantaoa.
nd Uug Ol^nfti'T.VepNb'nT^ R. FABAN,'M.n.g.e.
STOCK MARKET A
TWO-SIDED AFFAIR
ROOM TRADERS ATTEMPT
ING TO DEPRESS PRICES.
Strong Banking Interest* Were
Buyer* of Many Stock* for
Special Reasons.
By Private Leased Wire.
New York, June 0.—During the early
stages of the session' today, tbo market
contluued to raovo with considerable hesi
tation. Realizing Kale* went on In a
quarters and fresh buyldg In others, but
up to midday It could uot have born said
that the strong undertone of tho market
had been Impaired. During the first hour
profit taking carried down mm stocks,
such as Colorado Fuel, Beading, Union Pa
cldc and the Gould issues, whtah had been
among the lenders on the previous day*.
I'eMiiHyhnnla wan exceptionally heavy on a
revival of the rumor, which, however, had
the course of tho forenofjii
new high point for the present movemei
and by the steadiness of the Copper share*.
On the whole the influences making for
strength prevailed slightly over the opposite
factors as tUo result of the morning's opera
tions, hut prices for the' general list were
very llttlo changed.
I" Hi.- st." 1. market opening |»rl«-e
changes showed general advnnces extending
Mgj
Uul
Ohio, Ro'utbera Parlfie. Amalgamated nnd
Louisville nnd Nnshrillo gained each.
There have been two sides of the stock
market In the trading so far today, con
sisting of efforts by room traders nnd
bearish operators to depress prices, while
the strongest banking Interests and houses
Identified with the maosgement of Import
ant properties were buyers of many stocks,
for special reasoup. Among the stocks
which showed strength were Ht. I’aul,
Hallway Steel Spring. Texas Land Trust,
United States Redaction and Refining nud
Anaconda.
Governments unchanged. Other bonds
ateady.
8TOCK SALES.
11 n. m.. .
12 noon ..
1 p. m.. .
.. ..197,000 shares
..886,900 shares
.. ...490,600 shares
.. ..616,600 shares
THE WEATHER.
LOCAL FORECAST.
Atlanta nn,l Vicinity—Ucucrally fair to
night und Tburaduy.
WEATHER IfTcOTTON BELT.
Vlckiburg. Jackson, Hrookhaven,
Hazlehurst—Cloudy nnrl warm.
Meridian—Clear and hot.
Greenwood and Yazoo City—Partly
cloudy and wnrm.
' Winona—Cloudy ond hot; big .wind
blowing.
Opelika—Partly cloudy.
Selma—Cloudy and hot; hard rain
yesterday evening.
Birmingham—Cloudy and hot; two
hard rains Wednesday evening.
Montgomery—Partly cloudy and
warm.
Memphis—Clear and hot.
Mobile—Raining.
Troy—Clear and warm.
Eufaula—Partly cloudy and very
wnrm.
Albany—Clear and warm.
Thomaxvlllo and Columbus—Clear
and hot.
Tallahassee—Partly cloudy and hot
Huntsville—Clear and wnrm.
Nashville—Clear and hot.
Macon—Clear and hot.
Augusta—Clear and pleasant
Tyler, Dallas and Fort Worth—Clear
and pleasant. .
Houston—Partly cloudy and hot
San Antonio—Cloar nnd hot.
Oklahoma City, Okht, wires: "A
heavy wind and hall storm swept over
the southern portion of ths territories
last night. Two people were killed
and sixty homes were destroyed. I'cac-
tically all of the big cotton acreage In
that section was destroyed,”
. WEATHER FORECAST.
Louisians, Alabama, Mississippi and
Western Florida—Partly cloudy Wed
nesday anil Thursday; fresh south
^Georgia Thunder storms and showers
Wednesday. Thursday partly cloudy;
showers In east portion; fresh to south-
* Eastera^Texas—Fair and continued
warm Wednesday and Thursday; fresh
to brisk south winds on the coast.
Wexttra Texas—Fair and continued
warm Wednesday and Thursday.
Arkansas—Fair Wednesday and
Thursday.
Tennessee-Fair In east! showers in
west portion Wednesday. Thursday
^ Kentucky—Fair Wednesday, pre
ceded by showers In east portion.
Thursday fair. . _
Illinois, Indiana, Missouri—General
ly fair except probably local thunder*
atorm tonight or tomorrow; continued
Michigan, Wisconsin, Minnesota^-
Thunderstorms tonight and tomorrow;
**owk—Generally fair; local thunder-
storms tonight or tomorrow; cooler
W North Dakota. South Dakota—Show
ers and cooler. . . - ,
Nebraska—Generally fair and cooler.
Montana—Rain cooler tonight;
Thursday fair in we*t; possible show-
WEATHER CONDITIONS.
xbe pressure h*« fallen noire RiwpOMy
overt he entire country rest of the Borkles
r"torei^f m.rtred lnt-wlty is.SB8ftTO.fi
otto tb. Imkata. BBd Montano, th- pre.v
Sre bet.c n6»Bt_tbre*3uart»re*f « Inch
below
RANGE OF NEW YORK STOCK MARKETfj
Amalgamated f'M'pef-
At lit ut If Const Llto 1 ..*
Aiuerlrsu Sugar R<>fluLng
Ana,-mi,la —
American Ueomotlve
do preferred
Americnu Smrltlutc Rottulug
do preferred
Atchison re.
do preferred to.
OR....to.
id Ohio..
Colorado Fuel i
t’hlfflgo. Milwaukee nixl Ht. I’ltuL
Delnwiire nnd IIihIhoii
I M^ttiler’s Securities
do” preferred .. .* ”.*.*'.* .*.*T
General IReetric
J1 liiioiic Central
AmerlCMl Ice Set iirltles
LooUrtUo nnd Nashville
Mexican tVntral
Mlssoml Pacific
New Y’ork. Ontario nud Western
National Lend
Northern Pacific
New York Central....,
Norfolk nnd Western.
rennNV Its ilia
People's Gos....
Reading
ltepublfe Steel
Rock Island
do. preferreds...
United State* Rubber,
do. preferred
Southern 1 ’nci tie
Southern Railway
do. preferred
Sloss-SheffloM
Tennessee' Coni nnd Iron
Texas nud Pacific
I'nlnu pnrlflr
United States Steel
iln. preferretl
Virgin In Cnrol Inn Chemical
do. preferret!
Western Union.....
Wahnsh
do. preferred
Wisconsin Central..
do. preferred
NOTES ON GRAIN
Pointers on Provisions.
TIPS FLASHED
From Wall Street
TJP8 FI.ABIinn-llOi MAIlKETa ....
Private Wire to Ware Si Leland.
Now York, June 6.—London atonJy to
firm.
It la possible thnt the bear drive on
fuel may be contlnuiMl nnd recessions wit*
nessod elsewhere, but there are inthua-
tlous of Atchison being take i for a hall
campaign: also the southwest rolls, Includ
ing Gould issues,
Steel preferred acts well, although tho
common dregs.
Sentiment In commission house quarters
Is bullish, nnd whenorer dcdlues are met
with they will. It Is tboc *
gWHl-sIzeu lmylng orders.
nummary —^—'—
Dow, Jones
American stocks In Ijondon steady, rather
above nnrlty.
'No likelihood ^of dividend on Southern
Pacific this year.
Light demand for stocks In loan crowd,
show mora than 9 percent un common for
the year.
British army nnd navy nurcImRes of
ennned stores will In faturo lie limited to
British or Colonial products.
All concessions nr stocks In coal com
panies on New Y’ork Central system went
'lli'i< t l" railroad according t-i Interstate
comtiieree roiiimlsHlon luqulry.
Private Wire to Glbert A Clny.
’I'own Toples: *• I ’lull rl> lug roiidltloiiH re
main very favorable, nnd ns yet there It
nothing fn the situation -to warrant any
M'tbark of ronse«|in-nee lu market Though
trading continues almost entirely profes*
and It will be well to remember thnt Rtorks
nre still concentrated In strong band* nud
thnt tho supply of securities Is not likely
cept on s i
H| brtl. Money continues
to work lower. Today’s market promises
to bo strong nnd active, and we expect to
HIM' 11 1*4'li#*\\ ill Ilf till* I'lilllrili dfi'iiimihtrutl'iii
In Copper, although the reactionary ten-
deary which derewped througboat the list
In the dosing hour yesterday may run a
little further. Tnklng everything Into con
sideration. however, we bouere net things
are shaping themselves for n substantial
imumd ID--M un lit itii'I oil any modi-rati*
setback we ndTise buying such KtrHk« ns
Union Pacific, Kouthern Pacific, Hooding,
IxjuIsvIIIo and Nashville. Southern Railway
per,
best
COTTON REGION BULLETIN.
Por the 24 hours ending at 8 a.m., 75th
meridian time. June 0. 1906.
STATIONS or
ATLANTA
DI8TRICT. '
‘Atlanta, dear..,
Gainesville, eloar.,
Greenville, clear........
Griffin, cloudy,,
•Mnrnii. elear.,
5Iontlcello, clear
Ncwnnn, clear.,..,.,.,,,
Remo, cloudy
Hpartanhurg, clear
Tallapoosa, cloudy.
lil
s,-!
Minimum 'temperatures "are for ' 12 hour
period ending at 9 a. in. this date.
CENTRAL
STATION.
Atlanta
Augunta ......
Chnrleston ...
Galveston ....
Llttlo Rock ..
Memphis .....
Mobile
Montgomery .
New Orloaus
Oklahoma ....
Savannah ....
Vicksburg ....
Wilmington ..
li
&
HRimirwH
The temnerntures for the pn*t 21 hours
were about the unine n* for the previous
day. Showers were general over the holt
except In Oklahoma district.
NEW YORK COFFEE MARKET.
Tbo following table
and closing quotations
delivery today In New
Kritrilry
March ...
gives tho opening
for coffee for future
York:
Open. Gloss.
, ... 0.404.60 0.464.60
■ 6.104.66
6.704.1
EH4U
100 6.08406
6.00410 6 04.10
... 1104.15 6.104.15
Closed quiet**’Bales,’*23,W0.
...6.154.2T* 6.M6 25
M 6.264 30 6.30 6 36
6.86440 6.40-0.45
Prank Hawklos, President.
II. M. Atkinson. V. P.
Joseph A. McCord. Cashier.
Third National Bank
Capital
Surplus
$200,000.00.
$300,000.00.
pr. A. W. Calhoun.
Milton Pargsn.
John W. Grant.
II. Y. McCord.
DIRECTORS*
Frank Ilswklos.
II. 61. Atkinson.
Joseph A. McCord.
J. If. Nunnally.
J f’nrrell Payne.
E. H itosser.
Datld Woodward.
LOWRY NATIONAL BANK
m nonux. TW. »l<>nu U
ml rain. IB Mont,mu. Wr-m tiie. IM l»B-l
kot.i, bb*1 ra.tw.rrl otto IB. 'itrat IMrt. I
- )b |. falllBJt tW« moniln* »t MTOOBaC
u,.. Flttiburr, Y.rrk. Tril„..t,iDT ;
1TOT prftMHW IB bUhrat on the
nil -Kith Atl.Bttr p".i«i>
Throe h.B tieeu hut Uttl. etunc* In tem-1
nroratare In the Kotttb.
roodltlons fiynr gvnerellvfWr wm
„ IB 'hi.
th-
ESTIMATED RECEIPTt
Orleans expert# l,W to !.;•»>
* 2.366 anaal Ust y»^ir; Gslvesttm.
■» sgslret ~<®6 i.< tnnil la«t mr:
„u. fJO to *jn, ag*Hi*l \,*J- u' t',al las*
CAPITAL, SURPLUS AND PROFITS
OVER ONE MILLION DOLLARS
Foreign Exchange, Travelers’ Checks, Brown
Brothers’ Letters of Credit available in all parts
of the world.
war. L POL Prttldtut.
*06 r. f. HA DOOM, Vitt-Frtt.
private Wire to Ware & Inland.
t’hlcngtY. June 6. —Inter Orran: “Ohio's
•Top report, n* wired here by King, of To
ledo. sinki-M the* Wheat condition 66 com
pared with nu average lu May i»f 103, last
June 93 and a crop «*r .“.."oi./m'i |.ii«|i. Im
if* rnnilltl.in TJ^ OffnlUMt 1C II _
r*ible ...
ne smut,
j n --- ■-# v’U and cut worms hurt*
* * Current arrivals of wheat nt Itausa*
city are large enough to premise on In
crease In stocks there from now out. The
elevator conrrrn* there have been sternly
i«7 er f ?. f ,ww * n,<, ° w beat all this week.
Ibis Indlcntcs n possible expansion In the
contract sort*.
iTex.)‘messngo to Herman wild
that continued heavy rains were damaging
wheat and oata; that the duuiage was si-
randy about 20 per cent, and that each day's
rain was adding to it.
“June cron report will be Isvued Monday,
Jnne 11, this uot yet dedned. It will
cover condition Of winter wheat, spring
wheat, oats and barley; aloo acreage ot
spring Whaat. onts nnd barley,
“Cash biisIneoM in wheat In Chicago yes
terday was «b.ooo bushels, Inelnfilng 10,100
No. f red, * ,••«. No. j hard. »,<•*• No. i
northeru. the latter nt S2*c, «p..t 0,000
mixed lot*.
“Sales of corn were 360.000 and oste 100,001.
The seaboard sold 4S.0U0 wheat and 100.UJ0
oats.
“Chartors were made yesterday for 480.000
corn, 100,000 oata and ?'.'ju0 rye. The rum
fnb. rTe |,MlJ 11,1,1 wl,# lc to ,,uf
••Sherman and Gainesville, Tex., nud Ok
lahoma llty and points nearby reported
dnmago to crop* by heavy rains uml storms,
control, western and sottawestern Ne
braska reported danisge to crops by
drought." ^ '
|*rlrate Wire to Glbert A Clay.
Chicago, June (L—^Wheat opened firmer,
with not much on waif, but the demand
was not brisk enough to start s big rally
at once. *
Corn opened weak on scattered coramie*
slon boose selling, Including a llttlo by
cssb honses. Tin* market rallied quickly In
sympathy with wheat and Armour bujlng.
Oats oneued steady, with light offerings.
Corn mission houses were best buyers, led
by Kneelond and Hortlett, Frasier & Ca
Mnrket li»oli« higher.
Duhlle and private stocks: Wheat. 4,029,-
00u: fileercase. H9.C00.
K o r n “J.°i n '- ^*16.000; Increase, 787,000.
Oats, 1666.000: decrease, 642.uOU.
Record-Ilerald: "Current arrivals of
whoot at ICalisas City are Inrg4* en<iugh to
premies on Increase in stocks there from
now on. The elevator concerns there hare
been steady buyers of low grade wheat all
Ibln WO«1l This Indicates a pnaalble ex
pansion In their contract sorts. Crop lix*
iM rt It. W tfnow, Just returned from Jhe
Canadian Northwest, estimates an Inrreai
In seeded orea nreroglng io per cont f<
the whole territory nnd IndlcsUn* a po«-
slide yield of L&.O&.Oiij lnishela v\L«-nt with
favorable conditions to harvest. Tbo an-
pool scornty of harvest linmf* Is reported
In Oklahoma. Twenty thousand men are
JJJDUa t to help harvest tbe wheat crop.
Tho Inability of tln» people here to harvest
the grain may reatilt In n large part of the
crop being ibimagi'il, some of R ruined
completely. H<ime of the flebls are rea<ly
now for tho self-binder aud the first of the
next week tho 78,000 acres In Kiowa county
w II bo ready to harvest. Am n rule tbe
wheat crop of oklnhnmn Is the Inrgcst In
the history of the territory, und tho total
yield will lio tho greatest. Some damage Is
being reported from army worm lib the
northern part of Kay county a ' ‘
tbo vicinity la Garfield county."
Tho Cudahy racking Company were
heavy buyer* of July ribs ami Hoptemlyr
bird again this morning. A. H. White anil
Mutely bought bird. Helling ha* boon by
commission botiH«'s nud local long*.
WARE 4 LELAND'8
DAILY MARKET LETTER
New York. Juno Cotton—While then
was every Indication of n somewhat stead
ior cotton market nt the opening thli
morning on an ailraneo of 2 or 3 point*
abroad, when n fractional decline would
hare been in order, for soino renoon nr oth
or, sidling continued nnd prices ms(lo an
other downward move during the oorly
part of the day. This, however, did not
last long, nnd when operators attempted to
buy a little cotton, prlcos moved up cmdly.
July showed loss *trength than the other
nenitliM, D'ceinher iidviiiediig l<i Pi 4«m', nr 6
points over hist night's prices, while July
gained but 4 or 6 during thu same Interval.
As for a* new crop* were concerned, there
was less pressure than for some <hiy*, und
It was evident that for tho time being,
sure around 1014c 1* not such as to
u rcry much of a dreUfis. Weather re
port* from the Month Indicated rather clear
wenther again for the 4n*teru belt, and
this b-d many to dofer short *e]|lng until
nfter the drought lias been broken In tboso
eetlon* where rain Is now needed. On av-
ry advance tbrra seems to bo old cotton
or sale, but the new crops nre uow nt a
point where Jt will require good wenther
for some time to bring snoot a further
bear movement. The market Is n good
trailing one. and nurchssi>s made ou wstk
spots are likely to show n profit on tbo
first sign of unravorablo weather.
Chicago, Juno 6, — Wheat — A llttlo
streugtb dSVolopod enrly on shorts covering
nnd commission house buying, duo to rates
In the northwest, with adverse crop news
from Terns and Oklahoma, as well n« a
bullish Kentucky state report. The market
was not very lively, operations being di
verted to corn nnd oats to quite on extent,
while tin* strength In thn*e cereals finally
created advnnces in the trbstl future*, with
offfi/lng* ver> light, and the world's visible
showing a very large Uecfsose. There does
not seem to be much uneuslness over the
crop situation In the northwest. The cneh
demand Is very slim at all points, nnd wo
believe tbo futures should uo sold when-
rer they nre hid up.
Corn—Trado wns very light early, but
tho faturea were bought and Idd up, even
May, 1907, bring freely bought, and rising
o\er 11* a IiiihIh-I 4.ii ronitfry n< i eptnnc*>N
reported aa being only fair, although con-
elgoinenta unite liberal, fiborta were forced
to cover, with July and Hentember over 60c
a bushel here, bat on farther ndvsncc* we
believe that aclllog all oround will prove
profitable.
Out*—'llmre woe general buying early,
with locale In tn# lead. Tho closing was
strong, with higher price* Indicated, al
though wo would w'Slt for reactions to
b"V ""
provision*—Advance! wars duo to the
packers buying aggressively, and cloning
strong all around on shorts covering. Prices
may T»e advanced to blgluT levels, but we
would favor meeting them with tab-* of
long stuff.
THE DRY GOODS MARKET.
By Private Leaied Wire.
New York, Juno 0.—The dry goods
market was firm on domestic* today.
Tho bobbin trade wm good. The China
trade is very dull, but there Is a M*-ud>*
export trade with the West Indies,
Kouth America and the Philippine*.
The lining market was quiet, but there
I* complaint that gray goods are hard
to get from the mills. Price* were
firmer than last week.
WHEAT MARKET IS
T
THE OPENING WAS STEADY
TO UNCHANGED.
There Is Very Little Demaad in
the Cash Wheat
Market.
Ry Private Incased Wire.
Fhlrago, June C - Hull* filled the various
grain pits on tho board of trad*- Senti
ment was Dull I mI« and that side of the hnure
was encouraged by th* bulll-h Kentucky
crop report, fi»ll<*wlng, a* It did, upon the
ieels of the Ohio report of Monday. Ho-
the ilcmaml fro
srho
ante
vhei
side
utbe
and while they were motions lu m
large purclumes, the general feeling
i.M '..I fully. Hog product* wore Birr
Closing prices showed ndtauecs of *
ii b* \ -/1• In corn, Mib- In «•*»*
].'•< In l • i • • v lab hi*
wheat, 72,000 core
and 90,000 oats.
Tbe world's araltablo supply of wheat de-
creasii! 6^4J.(X». mrn Increased I,S60.00n and
oats decreased 910.COO bushel* for the week.
There were decreases a year afo og 3,422^
wheal nnd 1,244,'fQO istt*. while corn In*
creased 968,oQ0.
* ash sales ot Chicago — Wheat, 5,(^i
coin, 160,000; onto, Ifllli^Off i
CHICAGO GRAIN MARKET.
Open. High. Low. Close, closer
r , WIIBAT-
I July .. ffttl 81V4 SS’4 81%
dept .. 73S 814 60% H0‘5 TWi
Dee. . 80H 80S 79S 81 80Q
CUBM—
July .. 49W 60S -4614 49U
Hept .. 49W 6014 49 .’.O'* 49'4
I tec. ., 47*4 49 47*4 48** il%
OATS-
July .. V% 3584 3IH . 354* UE
Sept .. SJV* 33 JC'i 21 ♦(
Dec. .. 33*4 33 ? 334 Xt\ 32*4
1*0 It k-
Jnly ..16.26 16.60 16.26 16.47U 16 10
17,82 ^ 10JJH i6.a2to
July ..6.® 8^7V4 B.® P.Ti 8.60
Kept .. 8.»» 8.
OcTl ,.l.nv! 8.
90 8.80 h 90
V4 8.
HIDES—
July .. 9.27\4 9.M 9.274 9.45
Bept «. 9.15" 9.824 0.16 0.30
Od. .. 9.® 9.15 D.dfi 9.15
CHICAGO CAR LOT8.
f.75
‘•674
Today. Tomorrow.
LIVERPOOL GRAIN MARKET.
Wheat opened >4 lower: 1:30 p. m.. 4 to
lower; closed H to U lower.
Corn opeued 4 higher; 1:3<) p. m., 4 to
higher; closes 4 lo ** higher.
NORTHWEST CARS.
Following table give* the northwest
of grolu today, last week aud las
SOUTH WAS A LARGE
SELLER OF COTTON
id hr
’roui iiout
erlng, rcNiihtug partly fro
o cotton I ....
ell than to buy. It
the Mouth.
seems rnoro dlepc . ..
*.emsd so for the past *Ik weeks. Be.
side*, the Liverpool market sent he*vy
Milling orders In the next crop months.
Ring trader* who went borne long Monday
evening sold out yesterday on finding that
the Liverpool advices were anything but aa
bullish H* they had expected. That mar
ket evidently put a rather bearing eon-
port- Home of
\ Oi
I Egypt
bought In Llvcrjeiol, nnd ring traders, who
m.i|,| here and *ent short. found that
they could not force the market bciow a
certain point, whereupon they covered. This
hull not a llttlo to do with the rally In the
afternoon. IIcmIiIu*. Isadlug spot Interest*
were supposed to Im» buying July *nd De
ll day Price brokers, too. to all
iicri, bought some July. At least
n a supposition lu lb** room. It did
not uinke short* any more confident of
their position, especially us Philadelphia
people also appeared to ho buying July
persistently. There were reporte, however,
that boll weevil Is doing more or lees dam*
ago In parts of Texas ond Louisiana. The
vports continue Urge The New Y'ork
t.». k decreased J.lkjfl bale*. A fire occurred
In another Htnten Island warehouse, con
taining about 2.tint) lifllc* New DrleaBl
bought on th« break.” -Glbert 4 Clay.
SOUTHERN EXCHANGE
Oldest K.tBbll.hftd Office South.
COTTON—STOCKS BONDS —Mil
Ground Floor Oould Building. Dally
market letter nnd market manual
mailed f«n application.
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS. GRAIN
Corrtspoadent’s Capital $250,000
RCrCRKNCC. TMf NCAL BANK
PHONC IStT eaUOCNTIAL BLOO
MADDOX - RUCKER BANKING CO.
CAPITAL
SURPLUS AND PROFITS
5200.000. 00
5500.000. 00
nYgraw,
COTTON, GRAIN, PROVISIONS, STOCKS, BONDS,
«, 1 Will SI., hll'l Athill. ft,
m mi ()»•• c *"'*- *••'* •* T : ,4 \
Atm Orltsat Csftss
1 Ittrctol C«tt«a Aliscfafle*.
hiittt Wirn ft »»• York. Mtw Ckl($f«.
fed fft«s« IH2.
. Mimmp.
nhrf Pin
ACCOUNT* INVITfD.
Wc .“HI the widely known and extensively used Circular
Xotcs and Letters of Credit of Tho*. Cook <C- Son.
In Our Savings Deptriment we allow Interejl *t ihc Rxle of 3 1-2 per cent,
Compounded Semi-Annually.
PIEDMONT BROKERAGE CO.,
(Incorporated.) Baeement Floor Piedmont Hotel*
stocks. noNoe. grain. eaovtatoN*. iwvtaTMfNTf.
Fast Wire Service from New York, New Orleene, Chicago.
coaaciPONOCNYi
m. j. a a or a co. Aa ssoadway, new vow sc
low MOTH. Ms«*f*/- I** 1 l# *6 0** , ** <# *•** ^6##e 13H.