The Atlanta Georgian. (Atlanta, GA.) 1906-1907, June 07, 1906, Image 11

Below is the OCR text representation for this newspapers page.

MARKETS •'3 • . • •' • ' ■> ■■ THE ATLANTA GEORGIAN. KcHted by JOSEPH B. LIVELY 11 Mr. Lively has edited Markets in Atlanta and the South for more than twenty - fivo years. His experience makes him the most reliable market editor in tho South if not in the entire country. SPOT COnON WEAK lift LIVERPOOL FUTURES opened at a good ADVANCE. ■«ft 2 to 4 Points tower—New York Dull and Slightly Higher. _. .^illative trade In cotton were 5iLi ,p JIui tin- action of the Liverpool i , , ,i, f .rii Intr. prices on tile open. rV.hnKln* SrSSS of from 5 to 3 point* A* tlmt niurkct tin* duo to !L?'- Mint* lower on July and Zngnat nied on tho others, the ahoivlnif 2s, nt h tbc stnrt tvns highly cncournalno JM,h-r» “if contracts. Tho marhet closed •g it to'th* ratv'material, however, that ai ,'ionic of the South look for cucour. 1 iP, trf this ^epnrtment, tlmt In, tho ^TtSnrkeL the English cables indicated ? w *i ,, i a wenkot*s , » with u very small butd- only 4,000 bales twins taken 5r.pll»"ti *‘ v’r n,u ' 1,10 poln “ : ”" d - *52® 'IjJSrifert market opened unchanged Santa higher. A S3 rcaponja to ft strength should have twan an Uieniool ■ V D olnts. The tone tvns •Mk' vtith selling general with little sop- JS and n decline of a few points fol. : ... salon house and New Sf 'J i.nrlnt' enriv sellers started to g|SInc sad » ™“ 11 rn,,y . to,,k V'r'- SHSrViitle Strength Was shown. Trices ttdiy were l polttt lower to 6 points m'ih the exception of a heavy wind nnil ii . ...nf In Oklahoma and the southern Irtl’n ™ the territories last nlglit. wbteb rraortS to hnve done eonatdarnlile 11**11 ite^te cotton, the tventhcr eontlmies rkr.^t^.^o'ldenib.. dls- a laTt lM«ed lir the agricultural da- ^h,v.vf"s« r#,s as K rep'rts on which this estimate tvns T," 1 ,,™ W wHb!.ntT#£t*‘on the market, lowever It could have no effect prior to II Investigation, and then very little unlesa The'xevr ’ York "commercial, commenting n lUe eovcrntaent acreage 11 cures, says: ■ The BovefBment acreugs J*ure« are In ome decree iKwnltar, although they repre- , H t only the average Idea. Tfiey show a de- r"ate of 1 per eent It) Tennessee and iiul.la where private reports hail fnlleil 0 mill any loss In acreage, and show an si-reuse hi Oklahoma of 3t» per cent, nml In niUan Territory of 13 per cent. If 1 had not Ins'll (nr this remarkable Increase » tile territories—where a great deni of utton land has undoubtedly been put Into min—the total Increase would hnve lawn illv nlwiut 4 |s*r rent over Inst year. Tho overmueiit guess made an Increase In acre- g. In Terns awl illsslaslppl of 1 per eeut. II Arkansas and (leorgla of # per cent. In he Cnrollnna mid Ahtlmmn of 0 per cent, ml In Missouri of 9 per cent.” The semi-weekly movement at the In* eriur towns Is as follows: .. . lEis'elpts, 12.197, against —,9C6 last year mil In 19M. . Hhlnulrnta 70.W, against ao.SJl last gear ".stocks? 174.isb’ against 203,143 lust year llnl 95,11* In 1991. SPOT COTTON MARKET. Liverpool—Htea .. _ Attetiata—Steady, lie. Savannah—Quiet, 1074c. St. Isitila—Quiet. 11c. cuarleston— 1 Quiet, I9%c. TVIInilugton—steady, lOTic. RANGE IN NEW YORK COTTON. The following ts tho rnugo In cotton futures in Sew York today: Loaf Prevlou* Close. mmummmm. ms* K3 10.51 19.49 10.37 19.6M7 19.49-60 Aug. .19.42 1948 10.37 1947 10.47-4S X941-42 Sept .11.31 1931 1931 19*1 193-39 19E-34 Oet. .19.32 10.39 10.3 19.17 1MM7 1931-J2 Km. .19.37 10.37 1937 1937 1934* 19340 J*v. .193 10.41 1931 1941 1940-41 1934-3 Jan. .10.37 10.43 1935 10.45 1943-14 1937-31 Til'. .10.40 1942 10.40 10.43 1943-45 1937-33 lleti. .19.46 19.50 10.43 10.50 1".52-M 10.4S-47 Clnsed steady. RANGE IN NEW ORLEANS COTTON I'uttun futures ranged ns follows at New Otleans today: I.aat l’roTlotn , Open. High. 7s)W. Sale. Cloae. Close. June .H54 19.64 1964 1964 1974-75 196* July .W.73 19.93 1966 10.11 19S0-S1 197S-74 Aug. .1941 10.14 1944 10.44 1951-63 10.4950 Sept 19.37-30 10.34* 0.1. .10,23 19.29 10.1* 10.37 10.36-37 10.35 )m 1937-3 10.34-25 ii,,a • »»», Awint , «w Ivie* anW -W.s 19.32 19a 10.39 ULtMO 10.37-2* .19.31 ln.37 19.11 10.36 1936-37 10.354* LIVERPOOL COTTON MARKET. Mv.Tpooi, June 6, 12:13 p.m.—Cotton, fP°b dull, with pricei easier; middling up- UniU, r>.!Wd. Sale*. 4,000: American, a^&r 1 7^ , “» nec, " pt *- u - Intnres opened steady. Prer. , Op'g. t’nge. Close, closi-. ..4.74-5.7* 5.77 5.M Jnno.Jui.- 6.745.75 6.77 6.79 July Ang. 6.745.75 “ Aug.-Sent Ort.Nov. Xov.-1)#*,* lHt.-j.Tn Jlti.-Feb frb.-March Closed steady. - TODAY’S PORT RECEIPTS. Tne following tahlu shows receipt! at th« year C00II>arc<1 wlth tlie ,au * e E 1906 1906 Orleans.....,,.,,. mh **nmi»h ....""I!"" S* rt f«">n pltfm"fp . ••••-• i-* York >'*'1,1 .... w Tnnnwnd 212S m 24T1 80 4*; 3C *828 1U 45 6315 5317 :r» 2740 39 247 1522 **» mi ^Iot.1 8377 20404 INTERIOR MOVEMENT. Q*1nn JPhl« .. umli koati NEWS AND GOSSIP I Ot the Fleecy Staple. PHrnte Wire to Olhert 6c Clay. . York * Tlie market hai good undertone <-Rp«;cln!ly for new crops. ite eautlou! In solllnj;. There U no con« sld^rnhle buNinoss doing for fall ahlpment. and each decline results In fair commit* ments. Them hns been very good buying today by good liouRfN. New York, June 6.—The Journal of Com* meree soya: "More buyers were In the market for the day, and while trade wa* uot brisk, more confidence waa exprenNed }» and In the outlook for trade. The Jobbing houses drew n steady trade, and In some in*>tnurcs there was a better demand at flrgt hnndH. A moderate demand was noted for printed good! for fall de livery, nnd those houses that hnve special fall stylos to offer are finding little fault. |>onie8tle.N were In better call in some houses and blenched goods were sold more freely. Denims sold freely to some western buyer! at prices that showed but small re cession from the top figures of the year." New Orleans, June 6.—New York la flood ing this market with butllsli dope. Under tone hero very good, but trade very light. New \ork wires as followa: "We doubt if It la ndyisnlde to follow the decline. Market oversold on new crops." Western forecast Indicates partly cloudy weather with probably showers for almost . s S ct J cns * while colder weather is pre dicted for western Teias. Ilurvle Jordan says, accordlug to a Times- .democrat special: ‘*The financial strength of the South, the closer cooperation of ths pwjtde and heavy consumption of cotton, with good prices for manufactured product, will certainly maintain prices even at a minimum of nine to ten cents per pound, with even nn extraordinary yield from the area plnnted." , A special from Washington, D. C„ says: "Representative EUerbe, of South Carolina, Introduced a resolution charging that the cotton acreage report exceeds the amount actually planted, and is not warranted from tho returns received liy the department from Its corps of correspondents." Trlvnte Wire to Ware ft Leland. New York, June G.—Bombay receipts for tho half week were 18,000 bales, against 22.M0 last year. We\d was a seller ot December around 10.84. Jnly wss picked up guletly here on tho decline. McFadden ft Bro. am said to have bought that mouth nnd October all day. Liverpool cables: "Market quiet uml steady/’ The storm over the Territories last night appears to be a serious matter. A big acreage had been, put In In that section, the government estimating nn Increase of 26 per cent In Oklahoma and 1.5 per c?nt In Indian Territory. Prospect* were *o flattering that railroad officer* recently es timated an acreage of 2,000,000 and a yield of 800,000 bales for Oklahoma alone. If the damage to young cotton Is as serious as press reports say. It will seriously affect this season’s total yield. PIEDMONT BROKERAGE CO.’S DAILY MARKET LETTER Cotton—A stronger Liverpool opening, but with smaller spot sales there, and futures up from 1 to 3 points, whereas they were due to come down 2 to 3, caused a better opening In our market. Boon after the opening n weak spot developed aud the room bears hsiniuered prices, but soon found that there was very little cotton for sale. A. sharp rally of 10 points In the 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 l>ee»i wiling the distant options for some time, and they have been encouraged, too, by the collnpse of the May and July op- tlons nnd the generally favorably weather In the South the past ten dsys. A large short Interest exist* in the new crop op- tlotfs, end westber conditions will play an important part In deciding tho course of the market from now on. . - .. . Stocks—Dullness, but with strength and advancing tendency In specialties that have not yet scored advances during tho pnst week were noticeable In today’s stock mar ket. A large vulnerable short Interest was dlselosed In Consolidated Has of New *ork. and shorts were forced to run. Advances were also scored In American Locomotive nnd the railway equipment shares. St. Paul led the advance In the granger shares on excellent crop reports. Amalgamated Copper was very strong, and although tne statement published by the company onlr showed surplus a little over dividends pal.., tt must not be forgotten that the Amal gamated Copper Comnauy Is a holding company, andlts profits m*roe £om Its subsidiary companies, nnd if the treasuries of these organisations could be Inspected, It would dlscloee tho real fluancIM position of Amalgamated. The trend of the market Is n-rtsfiily lipwsril. smt the msln Qictnr, at work ore ths exesllwt crop rrports and outlook for easier money tot aome time to come nnd continued prwperlty In bualneaa peucrally. ’ L. J. ANDERSON A CO’8. COTTON LETTER. Now Tork. June d-itnuanaljr amall wot sales nffitln this morale* ln Mveraool. 4,00tl boles nt n deel ne of * pnlott. wMeb presses the opinion of Koallih spinners relative to the 1 present outlook. They pre fer to hold off Awhile until n mors satls- fnetory Idea of future *" •*: mined. The future market, howerer. was sternly and well supported. The hlir Ml Interests were In tlie ninrk.'t wlth numeroim support nx orders below 60 for July nnd 30 for iJetolier. Also dry wreth.r ls com- plained of from sonjo sections of the west- era heir. For the' nesr future It wouli seem that weather reports will be rae most iwwerful Influent. -For some flow Wit almost Meal comllttona hart eiUted, but It la reasonable to auppoae that this can not continue IndeBnltelr. Should unfnror. able weather develop durln* tbe next two months no doubt prirea wmM be "“t" 1 *"' tlsllv lieneflted. w« think the situation en- tirely too doubtfal for abort rellln* Joat at this tlrnr^ GIBERT A CLAY-8 DAILY COTTON LETTER. Naw Orleana. Juna I.—Liverpool was SSH"r’SlLETiJknef’-tT-puja E 6°xr.*bW^ t . f ss' r Sk w *5^jg L n n^rn?h n ,"d."/.^^ r w^£« mfl'le to fore, prices Jo-"; tmt the market {ft $&&&«% fewSsS imrta from Texas indicated * n I?™ 1 w^h SSiSrS!5r“““‘ COTTON 8EE0 OIL. ita*. Ctose. -i— ••••• SSj Hfpt^mbcr ,,,,„e»44M»* ■•wj 0.*t..bcr * 1 Noveml^r Dcf'o-mber d steady. GIBERT & CLAY * *• ALABAMA BT. STOCK*. BONO*. COTTON. OB A IN. corrn, PBOVI *4 ON* ATLANTA. OA. ’ Tork Stock E*rh,n*e 17 r < Cotton Pxeh,n*e. ' r*orjtCoffcc I-'xibsage. t»w Oriea < B. M <''Jton*pv^h*n|-''{’ I1, ^" l ^ ol ®p^[^ > ^a2^a , tle* N.W Orleans Pto.-k Lvnhanee. U'erpoo'' „ Fv hT-.'f. INew Orlensv Bosnl of Trade |(lalveaton lo OrlM rrivst. Wires to >11 Eicbsns-s L ; ;*’ and Long Dlatanca Taltphont MIL W. R. FAGAN, Menagsr. STOCK MARKET A TWO-SIDED AFFAIR ROOM TRADERS ATTEMPT ING TO DEPRESS PRICES. Strong- Banking Interests Were Buyers of Many Stocks for Special Reasons. vblib By Private Leased Wire. New Vork, Juno 6.—During tho early stages of the session today, tho market continued to movo with considerable hesi tation. Henllzlug sales went on In some quarters nnd fresh buying lu others, but up to midday It could not bavo been said that tho strong undertone of the market had been Impaired. During the *llrst hour profit taking carried down somo stocks, such as Colorado fwt Ruthg, UbSm Ft clflc and the Gould Issues, which had been among the leaders on the previous dnys. Pennsylvania wns exceptionally henry on a revival of the rumor, which, however, bad no letter a nth >rlty than before, that thq Paris loan of the company was bkrly t«» fall through. Smelters sold off shnrrly on the declaration of the usual quarterly divi dend, although well informed opinion had expected nothing else nt this time. These weak spots, on the other hand, were offset by groat strength In 8t. Taul, u * ’ reached In the course of the foreno* uew high point for the present movei nnd by the steadiness of the Copper shares. On the whale the Influences making for strength prevailed slightly over the opposite factors oh the result of the morning’s opera tions, but prices for tho general list worn very little changed. In the stork market opening price changes showed general advances extending Ohio, Southern 1’aelfle. Amalgamated and Luulsrlllo nnd Nashville gained H 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 nnd houses Identified with the management of Import ant properties were buyers of many stocks, for special reason*. Among the stocks which showed strength were St Paul, Hallway Steel 8prlng, Texas Laud Trust, United States Reduction aud Uefiulng and Annconds. Governments unchanged. Other bonds steady. RANGE OF NEW YORK STOCK MARKET Amalgamated tapper Atlantic r.iast Line Amerli-nn Sugar Defining Anaconda Amcricn n Loroinottvo ,.,,,, American Smelting ‘do preferred"”!!!”!!!^"*!”!”!"!”*”!!!!!! Amcrtain Cotton OU : Itnltlmorc ami Ohio Brooklyn Itnpld Transit ('nnadinu I’acltlc Cblcngo nnd Ncrthwi'stern... * Choonpt Colo id Ohio id lr STOCK SALES. It a. m.. . 12 noou .. 1 p, m.. . ..197,000 shares ..806,800 shares ..888.200 shares ..480,600 shares . .616,603 aliures THE WEATHER. and very LOCAL FORECA8T. Atlanta nml Vli-lnlty—OmsrsBj fnlr to night and Thursday. WEATHER IN~COTTON BELT. Vicksburit, Jackson. Brookhaven Hnslclmrst- i 'Intnly nml warm. Meridian—Clear and hot. Greenwood and Yazoo City—Partly cloudy and warm. Winona—Cloudy and hot; big wind blowing. Opelika—Partly cloudy. Selma—Cloudy and hot; hard rain yesterday ovenlnff. Blrmlnffham—Cloudy and hot; two hard rains Wednesday evening. Montgomery—Partly cloudy warm. Memphis—Clear and hot. Mobile—Raining. Troy—Clear and warm. Eufaula—Partly cloudy and warm. Albany—Clear and warm. Thomasvillo and Columbus—Clear and hot. Tallahassee—Partly cloudy and hot Huntsville—Clear and warm. 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—Clear and hot. Oklahoma City, Okla., wires: heavy wind and hall storm swept over the southern portion of the territories last night. Two people were killed and sixty homes were destroyed. Prac tically all of the big cotton acreage In that section wss destroyed." WEATHER FORECA8T. Louisiana, Alabama, Mississippi and Western Florida—Partly cloudy Wed- nesday and Thursday; fresh south "ocorxts—Thunder storms and showers Wednesday. Thursday partly cloudy; showers In east portion; fresh to south- 1 west winds. ... Eastern Texas—Fair nnd continued warm Wednesday and Thursday; fresh to brisk south winds on tho coast. Western Texas—Fair and continued warm Wednesday and Thursday. Arkansas—Fair Wednesday and ^Tennessee Fair In cast; showers In west portion Wednesday. Thursday ^Kentucky—Fnlr Wednesday, pre ceded by showers In east portion. Thursday fair. Illinois, Indiana, Missouri—General ly fair, except probably local thunder storm tonight or tomorrow; continued Michigan, Wisconsin, Minnesota— Thunderstorms tonight and tomorrow; " Pvwa—Generally fair; local thunder storms tonight or tomorrow; cooler "North Dakota, South Dakota—Show- er Nebraaka—Generally fair and cooler. Montana—Rain cooler tonight; Thursday fair In west; possible show ers east. WEATHER CONDITIONS. A^rtoro msrked Intensity ts centered ESt/ tj: wistwar-l oxer the Great Lakes. Jg£ rittlJrtfffr “jSUTToriS ‘ItflqwsttM I '* dnc Tbfff kar ^a but little cfcnng* In tern- P TSe°coodlttons fsw iffnrreltr fnlr wenth- SSrsection tonight swf Tli irMsj. «* i* j. it. mabbi fir. % Loral Forecast'r. estimated PsECEIPT. NVw OrtMBS rxpfvls LJ*6 1*2 against artaal. lasr. yrer;. tia ♦ R to AWW. agalnat 2.CS srnial U to against l. V- tdo Fuel i ltt preferred Central Leather Chicago nnd (irent Western Chicago, Milwaukee nnd St. Paul Delaware nml IhulHon Distiller’s Securities do preforrc<l General Electric Illinois Central American Ice Heeurltles., Louisville nml Nushrills Mexican Central Hv. .MImmmuI I’crllle New York. Ontario nnd Western National Lead Northern Pacific New York Central Norfolk nnd Western I’eiilia.vlvnnla I’l** Pacific Mall......... Heading Republic Steel United States Rubber......... do. preferred Southern Pacific Southern Railway do. preferred Sloss Sheffield Tennessee Coal nnd Iron...*.. Texss and Pacific..,.* «... Union Pacific... United States Steel do. preferred Vlrglnla-Cnrollna Chemical.... do. preferred Western Union Wabash do. preferred Wisconsin Central........ do. preferred...* Juuh^tAiv Open'High' l.ow.'t'losej Itlil ,(’l ' l"?' t 14S\ 136% | 119 14^% 14S 136% l 13»5 272 \ 870%' i 72%' :<»•* ;i% 116 1 116 ; 116 i 18M4 157U| linu 119 119% 90% 90 W%' 1".*% 1 C’% 102% 33 J 3t% 32% 148 I 118% 136% I 136% * '71%: ^2 115% 114% 157% 15*% NOTES ON GRAIN Pointers on Provisions. TIPS PLASHED From Wall Street. TIT# FLASHED—BOx MAHKET8 .... Private IV’Iro to Ware ft Iceland. New York, Juno 6.—London steaJy to Is bullish, nml whenever declines are met with they will. It la thought, nice: with giMNl sized buying orders. Summary — 4 —*— Dow, Jones American stocks In London steady, rather above parity. No likelihood of dividend on Southern Pacific this yoar. Expected c £0 in spite parking legislation. Light demand for stocks In loan crowd, but some inquiry for Illinois Central. Net earnings of Twin City expected to show more than 9 per cent on common for the ' e,-ir. Ilritisli army nnd navy purchases of canned stores will in future be limited to direct to railroad according to Interstate commerce commission Inquiry. Blxty-efght roads for April show averogo net Increaso 4.33 per cent and for ten months 18.63 per cent. . , „ Seventeen roails for fourth week May from Frisco, bat higher rail rates elsewhere cheek arrivals from other points. More thnn one-third of $11,665,700 money sent to Frisco has returned. Private Wire to Glbert ft Cloy. Town Topics: ’’Underlying conditions re* main venr favorable, nml as yet there U nothing in the situation to warrant any setback of consequence In tnnrket. Though trading continues almost entirely profes sional there ore Indications of Increasing interest Upon tho.part of the outsiders, nnd it will bo well t*» remember that stocks are still concentrated In strong hands and that tho supply of securities Is not likely to Increase to any extent except on a good advance from this level. Money continues to work lower. Toilny’a market promises to be strong nnd active, and we expect to see n renewal of tho bullish de *—**— in Copper, although tb tratloa ■ UPUH ten* dency which developed throughout the Hot ln*tfie cloning hour yesterdny may run n little further. Taking everything Into con* slderntlon. however, we believe that things are shaping themselves for a substantial upwnrd movement nml on nny moderata setback ws advise buying such stocks ns Union Paclfle, Southern rnrifle, Reading. Louisville and Nashvlllo. Bon thorn Railway and Erie, while among tne Industrials Cop* per, Hinciters, Ix>cotnotlve will glra the best results. COTTON REGION BULLETIN. For tho 24 hours emling at 8 a.m., 76th meridian time. June 6. 1906. STATIONS OF ATLANTA DI8TIUCT. •AtLiul.i, Mir (•reenvllle. clear.. (Irlfflu, cloudy •Mu clear..,...,, M--iitl-.il". * ■ i<r Newnilll, eleiir Rome, cloudy Spartanburg, clear.,..,,.,. Tnllnpoosn, cloudy Timm-,>n. Fit'll West Point, cloudy. |ri 35a Minimum temperatures are for ' 12-hour period ending nt 8 n. in. this dot- CENTRAL STATION. Atlanta Augusta Uhnrle.Mton ........ <*»h«• h14.n Little Hock Mobile 3Iontgomery Dlst. Averages. Private Wire to Ware & Leland. C’klengo, June ft—Inter Ocean: “Ohio’s crop re|tt»rt. as wired here by King, of To ledo. makes the wheat condition 95 com pared «|t)i 41 It .1 \ »T.ig4* in M:t\ <<r I--:. I.lht June 98 nnd a cron of 82,000,090 bushels. "Oats condition 73, ngnlnst 92 n year ago. "Dry weather Is utolnly rcspunslblo t«>r the drop In wheat coudltlon. Some smut, fly and short heading. "Corn very uneven and cut worms hurt ing It "Current arrivals of wheat at Kansas City ore large enough to promise su In crease 1q storks there from now out. The elevator concerns there have been steady low gnide wheat all this week. This Indicates a possible expanslou lu the I contract aorta 1 "A Plauo tTex.l message to Herman said that continued heavy rums wore damaging wheat and oats; that the damage waa al ready about 2*) per cent, ami that each day’s rain waa adding to It. "June crop report will be Issue,1 Monday, Juno 11, this not yet decided. It will cover condition of winter wheat, spring wheat, onts nnd barley; also acreage or spring wheat, oats ami barley. "t’nsh business In wheat ia Chicago yes terday was *0,000 bushels. Including lq,0u0 No. 2 red, 40,00o No. 2 hard.-6.uoo No. l northern, the latter at 82%c, jRul 25,000 mixed lots. "Hale* of corn wi The sen board sold oat a. "Chkrjgrewere madojrestcrday for 450. t-i \ wa "ghsrmsn and Gainesville. Tex., and Ok lahoma City and points nearby reported datnago to crops by naavy rains uml storms. Central, western ami southwestern Ne braska reported damage to irop# by drought." Private Wire to Glhert ft Clay. Chicago, June ft—Whcat opened firmer, With uot much Oil sale, but the demaud waa not brisk enough to start a big rally at once. Corn opened weak on scattered commis sion house selling. In.-Ruling * little by cash houses. The market rallied quirkly In sympathy with wheat aud Armour buying. Oats obened steady, with light offerings. Commission hotfses were best buyers, fed bjr Kneetaud obd Bartlett. Frazier ft Co. Market looks higher. Public and private stock*: Whsat, 4,029,* 000: decrease, 149.000. Corn—Total. 2,213.000; Increase, 767,000. Oats, 25*6,93: dsernuo, 6,3.009 ’ liecoM-H.rald: "Currout srrlTols ot whost at Kauus City nrc Inr.i- eooash lo promlMi su |nrr<'SH< In storks Ihrro frc.ni tiu«' on. Tlie .lo.stor ronrrras inrro lisvs liran .Irmly buyers of low undo wUr.it all Ibis work. Thl. Indlrato, n pos.lbl, c panslon in their contract sort*. Crop E.. nert II. XV. .Snow, Just returned from tho Canadian Northwest, estimates an Increase In seeded area averaging lo per cent f* the whole territory ami Indicating a pos* alblo yield of IjS.Ooo.Ouu bushels wheat with favorable conditions to harvest. The an nual scarcity of harvest hands ts reported In Oklahoma. Twenty thousand m« wnnted to help harvest the wheat Tho Inability or tin* people hero to harvest tho grain may result in a largo part nf tho crop being damaged, gome of It ruined completely. Home of the fields are read; now for tho self-binder nnd the flrst of tin next week the 75,000 acre* in Ktown county will he ready to harvest. As a rub* tha wheat crop of Oklahoma Is the largest In the history of the territory, nnd the total yield will bo tho greatest. Homo damn#- being reported from army worm In tho northern port of Kny county and from the vicinity In Garfield county." heavy buyers of July ribs and' lard again this morning. A. H. Wfilte and Matcly bought bird. Helling has boon by commission houses nnd local lougs. Remark e. Tho temperatures for the pnst 2t hours were nl*out the game ns for tho previous day. Showers wero general over tho bolt except In Oklahoma district. NEW YORK COFFEE MARKET. _ gives the opening 1 for coffeo for future Tori: On«*n Close. . ft40450 0.45 6.60 .6104.66 6.60 6.66 , 6.504.(3 8.804.66 June * ... July August ... ... • September ... « October ... November ,,, Decomber ... »»• Closed quiet. Sales, ‘ • «*» v, *. ,0 6.734.80 , 16.004.06 10 6.064.10 Frank Hawkins, President. If. M* Atkinson. V. P. Me Cord, Cashier. R. "7* Third National Bank Capital Surplus $200,000.00. $300,000.00. Dr. A. W. ralhous. Milton Dnrx.n, DIRECTORS: J. II. .Vunnallr. Prank Ilnwklni. J. rnrroll Pajnn. If. M. Atkinson. K. n. llt'-g- Joirpb A. McCorff. DsTld Woodward. 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. WHEAT MARKET IS T FEATURE THE OPENING WAS STEADY TO UNCHANGED. There Is Very Little Demaad in the Cash Wheat Market. niui wnne iney we large purchases, tb reflected fully. Hog Closing prices show By Private Leased Wire. . Chicago, June ft—Hulls filled the various grain pita on the board of< trade. .Senti ment wns bullish and that side of the liousa was encouraged by the bullinh Kentucky cron report, following, ns It did, upon tit# basis of the Ohio report of Monday. Re alties the demand from shorts there wera others who wanted wheat, corn nml onts, and while they were cautions lu making •- - - tlie general feeling wns eg products wore stronger. _ howe<1 advances of %«• lu wheat, %Olc In corn, V'flc In oat« ami 16c In provisions. Primary receipt*-Wheat. 288.000 nnd cora 868,000, compared with 189,000 and 664,030, re- spec tirely, a year ago. Clearances were Ift,,«*•«( wheat, 77,000 cor* 1 30.000 oats. JTj* world’s creased 6,643.000, 11 mvi<ni*••-•* onts dccrrasetl 910,000 liusbels f- I h* w« ■ tie. rent.-H -i yi\r n f., ,, s .U22,- 000 wheat and 1,711.000 oats, while corn In creased 968,00). ♦* ash sales nt Chicago - Wheat, 6.000| Coin, 160,000; onts. IOO.OO). At the 04'nhonnl wheat 3 loads, cun I I.>11 • I —. • -:l f H JNI.iMFI l-llHltel*. Wheat opened steady to unchanged fret* yestrrdny’s duNlng quotations. With tha exception that during the night tho west hns had somo good ... the market Is practically witho ■| here Is \ t-rj lit tli- th-mnnd for 1 d Mhow’ers, CHICAGO GRAIN MARKET. WARE A LELAND’8 DAILY MARKET LETTER Now York, Juno ft—Cotton—Whllo there was every Indication of a aomowhnt mend lor cotton ninrkct nt the opening this morning on an advance of 2 or 3 points abroad, when a fractional decline would hnvo been In order, for some reason or oth er. selling continued nnd prices made an other downward move during the enrly •art of the day. This, however, did not * * ig, nml when operators attempted to Ittlo cotton, nrlcea mor ’ — — part fait I a little cotton, gullied blit 4 As far ns no ... _ _ was less pressure than for «• It wns evident that for the time' being, pressure nround lO^c In not mm-it ns to form very much of n decline. Weather re ports from the .Mouth indlmtcd rather clear w-enther again for tlm eastern belt, ond tlds led many to defer short selling until after tho drought haa been broken In those . where rain is now needed. On ev ery ndvnnee there seems to be old cotton for sale, but tho new crops nro uow nt n point where It will require gfMMl weather for some time to bring about n further bear movement. The market Is a good trading one. and nurchnses* made on weak spots are likely to show n profit on the flrst sign of unfavorable weather. Chicago, June ft— Wheat —A llttlo strength developed early on shorts covering and commission house buying, duo to rains In the northwest, with adverse crop news from Texas nnd Oklahoma, as well ns a bullish Kentucky state report. The market was mu very lively, operations being d! verted to corn nnd oats to quite nn extent, ivlille the strength In tboso cereals finally rented advance* in the wheat futures, with •ffsringa very light, nnd the world’s visible ’bowing a very Targe Uerrensn. Thore docs jot seem to be much uneasiness over tho emp sltuntlnn In tho northwest. The cash deinnml Is very slim at all points, and we believe the futures should uo sold when they aro bid up. 11 -’I rade rrns very light early, but tho futures were bought and 'l.ld up, even May, 1907, Ixlng freely bought, nnd rising over lc a bushel on country acceptances reported as being only fair, although con signments quite liberal. Hhorts Wore forced I,, 4 -.1. I, 7' Ml .Inly iind H«-i.*.-int,*• r m.-r n bushel here, but on further ndrnncss we believe that selling nil around will prove profltabh Oats—There is general buying At lead. The rtoslc higher prices Indlcoti nrly. d. "nT MADDOX - RUCI® BANKING CO. SURPUJS AND PftOriTS . tfBSlSSS SS account* iNvrrco. Wo Bell the widely known nnd extensively used Circular Notes nnd Letters of Credit of Thos. Cook .C Son. In Our Savings Department wc allow Intcrctf at the Rate of 3 1-2 per cent, ; Compounded Semi-Annually. though we would wall mr wscum »« bay on. Provisions—AdvMCM wero due to the •nrkere buying aggressively, and 1 losing .tmif all around on sliorta covering, Prlres may T*e advancml to higher levels, hut wo would favor meetiug them with sates of long stuff. THE DRY GOODS MARKET. By Private Letratd Wire. New York, June fl.—The dry gooda market waa Arm on domeatlca today. The bobbin trade wan good. The Chinn trede ia very dull, but there !a a steady export trade with the Went Indlcn, Kouth America and the Philippine*. The lining market wim quiet, but there ia complaint that gray goods are hard to get from the mills. Pricta were firmer than loat week. open. WHEAT— July .. »% Hept .. 79% Dec. .. 80% CUHN- July .. 49% Kept .. 49% Dec. .. 47% OATS— July Hept Dec. _ I’OUK— Jnly ..16.25 Kent ..If.17% LaRD- •Iill v .. 8.C6 Hept .. 8.80 wet. .. 8.77% HIDES— July .. 9.27% ID— = 1 High. Low. Clo 85% 8S% 33% 8^7% 8.C5 8.00 8.80 8.86 8.77% 8.76 8.90 8.86 CHICAGO CAR LOTS. Todm. Tomorrow. I’hent ,,,,, 19 1 •oru 836 316 lata 2-2 UT> logs ..................... 22,00<i 30/jtVl LIVERPOOL GRAIN MARKET. Wheat opened % lower; 1:00 p. •d % Ml “ 1 bight to », r; 1:30 bight NORTHWE8T CARS. Following table gives tho northwest rare of grain today, last week nnd last yrnr; SOUTH WAS A LARGE SELLER OF COTTON Now York. Juno 6.—Tbo Hun *n>*: "A recoil lu prlcea resulted from liquidation nnd hammering, resulting partly fr**m fine w 1 mither Ml,.I Inrgi- im<l prrslstent Nclllng by the Houth. If Is near tfi«» cotton fields, and .1110 more disposed to N4*U than to buy. It ••iiicd so for the pnst alt weeks. Be- de*. the Liverpool market Merit heavy Ulag orders In tbo next crop months. Ring traders who went home long Monday c\ruing Mold out yesterday on finding that the l,l\crpool ndvfees were anything but as IhiIUmIi 11 h they lind ogpectod. That mar- ket evidently put n rather hearing c«mi- structlon on government report. Homo of the Houtbern snot mnrkota wero lower. On the other hand, tho continent nnd Egypt bought In Liverpool, nnd ring traders, who sold here nnd went short, soon found that they could not force the market beiow * certain point, whereupon they covered. This hud not a llttlo to do with the rally In tho afternoon. Resides, lending spot Interests were supposed to be buy lug July nml Oc tober nil day. Price brokers. t«Hi, to all appearances, bought some July. At least »m. It did nfldent of npen run supposition In the nho • •rts nny more confident of ... . .1, espeelal.’y as Philadelphia people also appeared t«» l.e buying JuJf per<4|Mt«-utly. 'Ihere were rejects, bowevsr, tlmt boll wcavil Is doing more or less dam- o lu parts of Texas nnd Igntlslans. Tho ports continue Inrg*-. The New York stock decreased 2JWU bi In nnothe SOUTHERN EXCHANGE Olde.t E.t.bll.hrd Offlf" Bouth. COnON STOCKS—BONOS—MINI Ground Floor Oould Building. Dally market letter and market manual mailed on application. l. j. Anderson & co Bankers and Brokers, COTTON, STOCKS, 6RAIN CormpoUtit’s Capital $250,000 REPUKNCC. THE NEAL BANK .HONE l,rr. PRUDENTIAL BLOO f„L *t«r Orltim. COTTON^GftAI^,^ro^is?5^, stocks, bonds, ... J Will si., him iiiuiit. mmi. Ci- KUIHI]: • Its Ytrk Cttf— CxcISSM. VklSlf* Sit f h«w Of/MSI Ctlto* tickswft. fc rln#VIV.m* ' iffss Atttdtilt*. tltw Irsfs Csfff# fariasf#. Wlrtt to Mew York, Mew Orient, Chicago. •• C. COTMKAM Mootyxr^ Lleerpeol Colton Attodatlon hleoto r ” Boll Hone 1H2 PIEDMONT (Ineorporatad.) BROKERAGE CO., Basament Floor Pisdmont Hotol, STOCKS, OONOS. CRAIN. PKOVISIONS. INVISTMCWTft Fast Wire Service from Nsw York, Ntw Orleans, Chieago. coaaeaPONOCNT* M. j. SACK * CO . 4J MOAOWAV. NEW YORK, low. M0nil Mtanayor. to<ol ssd l««< Qlttooeo Poll ftaa«$IIL