Newspaper Page Text
'jJjiitilA
n m 11
= !
J
M
[A]
R]
KKl
(D
Edited by
JOSEPH B. LIVELY
Mr. Lively has edited Markets in Allftnln Jind (lie South for more than twenty-
five years. His experience makes him llio most reliable market editor in tho
South if not in tho entire country. . . A^ ^
FLOOR traders making
PRICES FOR COTTON.
jbrket Wu Dull at Start, But
Short Covering Caused
an Advance.
Tht Liverpool market was closed to-
(iv. It will remain closed until Mon-
joy. __
In the New York market, the only
pews of an Influential character related
P ipe crop and weather, both of which
pelng one-sided, excellent weather an<
crop pros pc is brilliant.
The opening waa quiet and Irregular,
though changes from yesterday’s clos
Ing were Insignificant. The bulk of the
trading was being done by floor trad
cn, the ootalda public retiming tn on
ter the market under present condt-
Tbs bull and bear battles will be
fought on the floor of the exchange un
til something definite occurs on which
to base ventures speculatively In the
cotton market
After the noon hour, a sharp upturn
took place, In both Now York and New
Orleans, In the former on covering by
door traders and buying by New Or
leans, the latter market showing con'
slderable strength, especially for July,
which sold above 11c on extensive
covering.
Overland movement for the week
11,023, against 12,108 last year, and 4,-
115 In 1*04.
Since September 1, 890,887, against
I, 026,420 last year and 902,899
1904.
Amount brought Into sight for the
week 79,408, against 124,287 last year
and 20,110 In 1904.
Brought Into sight since September 1
19,412,286, against 12,298,922 last year
and 9,727,488 In 1904.
Charles D. Freeman ft Co., In
circular letter, today summarise the
Situation as follows:
New York, June 8—"While this
rlotl of crop uncertainty continues, we
should alt be cautious In our Judgment
sod actions, keep a clear head, and be
sure of our facts. Two factors arc up
permost now: First, tho impending
July liquidation; and, second, the crop.
In the first Instance, we are confronted
with a commercial proposition, namely.
Who proposes to carry the 80.000 bales
of undesirable cotton now In this mar
ket to August or September at a loss of
II. 80 to $2 a bale? It does seem as
though In the near future an adjust
ment to comparative values for con
tracts must take place, thus afTectlng
the entire market unfavorably. Weak-
ness In July and transferring of hedges
will depress price* until tho equalisa
tion shall be completed. This Is the
technical situation, nnd Its analysis,
bawd upon the present crop develop
ment, each (lay in June, which Is fa
vorable to tho growth of the plant,
makes the July situation more ncute,
and I look upon It as a constant menace
rices. When I say I am nervous
drought, I mean It solely as a
Ing, for It Is the only Imminent
adverse factor, nnd there are Indica
tions that we should not forget this
prospect as tho season advances. The
present market Is a small affair, and
only small fluctuations are to bo ex
pected until we approach the July ten
ders. Above 10.80 for October sales
for moderate proflts seem Justified."
SPOT COTTON MARKET.
Atlanta—Steady, llVic.
Vw oHmsS-S&ii, N tt-lle.
I.lrerpool—Holiday. -
Augusta—Qglet, 1114
Savannah
wtimlns
Wilmington—Sten
*t. I/'ula-QuIot.
Norfolk—Steady. ■
Charleston—Finn, Hie.
RANGE IN NEW YORK COTTON.
Th* foil mi Ing in tho range In cotton
nure, In New York M»: pr , Tloq ,
W riSS' ?«£' SaS' SSEb 19.8U9
IAIM* IO.tHt
lll.r.n 10.41 10.41 10.41 42 10.43 14
' 1(14* 10.4846 19.47-44
lo M 10.48 47
Bell. .10.89 10.61 108* 10.86 10.H 19.8W7
.1044 itj
.10.47 101
Cotton futures ranged ea follows
Orleans today:
_ ■ boat Previous
Open. High. Low. Sals. Close. Close.
Jane
was ton.
Sept
Jolj .10.12 11.04 10.11 10.84 16.96-94 10.040
JM-Ift.64 10.70 10.0 10.0 10.0-67 10.6344
10.43-44 IMS-tf
.10.0 10.0 10.» 10.W 10.29-30 10.11-32
10.30-31 10.32-34
• 10.34 10.40 10.12 10.33 10.32-0 10.044
10.43 10.43 10.11 10.41 10138-40 10.39-40
• Mil 10.54 10.63 10.63 10.49-51 10.45-61
— TODAY’S FORT RECEIPTS.
Th# following tablv ebowa receipt* at the
Kit* ie? y * compared with the *ame d*jr
1904
ws
W Orlrase
'>*lvreton
846
130
2M8
1741
362
2*8
•Sertnnah ’ "’"’’***.*.*«
1938
wumingtre
• 1
64
Norfolk ......see
Beltlmori*
U9
Bouton
Frnorlaco
ini
1
Toi.|
1K43
INTERIOR MOVEMENT.
no*
1906
i
360
i««vrea
148
1U
»'• Uie
'"neinnttl
4X3
at
Totei
2831
260
NEWS AND GOSSIP
Of the Fleecy Staple.
Private Wire to Glbert & Clay.
New York, June 8.—For some day* I havo
been very nervous over the droughty con
dition* at various point*.-C. D. Freoman.
9:24 a.in.—Narrow market, bat undertone
firm. Any outside business would cause
higher prices.
The Journal of Commerce says: "Gen
eral trade for the day was steady with
the movement of goods of moderate volume.
Homo bleached goods houses report satis
factory news from men who have gone on
the road within a week or ten days. Cot
ton ducks art* as strong as they can be
from the sellers’ viewpoint. They n re scarce
end In ko«k1 demand. The Immediate con
di/ion appears to he that If any sfron*
movement In export goods, announcement
of any definite policy by a recognised mnr
ket leader In bleached goods or printed
goods, or anx adverse crop report coming
from a reliable oourcc. should come upon
the market, nn unusual amount of buying
would be precipitated, nnd tho strong un
derlying conditions in the first hands mar
ket would assert themselves very quickly?*
New Orleans. June A—Our traveling rer
resentntlre wires: **Wsco, Corsicana
as 1904. Crop front Big 8andy to Shreve
port Is as near perfect as possible; claim
and welt worked, with perfect stands."
In a letter from Waco. Tex., the writer
says. In part: ’The fields have been ex
ceptionally well cultivated, being practical-
made their appearance
Private Wire to Ware A Lelond.
New York, Juno 8.—Cotton opened quiet,
without special features. Trade light and
mostly local, with Liverpool closed. Look
for quiet market today.
Lesaer-Goldman Cotton Company of St.
Louis weekly weather report: **There Is
little of additional Interest to report since
the growing crop In le*theest Missouri,
Arkansas and the northern portion of the
Indian Territory. We hear of practically
fio complaints, nnd. so far, the prospects
can only be classed as excellent, nnd If
favored with normal weather conditions
during June, the plant, to our mind, will
bo In good shape to ntsnd the always try
ing months of Jaly and August.
Hubbard bought about 5,000 October and
December.
Cotton very steady^ some good local buy
ing, which ho* tl
it offerings.
12. being elghty-slx days to time of
turity."
Albany, Ga. ( wires:
aiuuuj. u«.. wire*; W# C*n See COt-
ton growing by day nnd hear It by night."
around the ring says that New York la the
henviest buyer of October nnd December. I
Hoots are in good demand nnd fnrtora
claim they can get prices that are He
higher than quotations for what they have
to aelL {Cot.over 600 bales have been sold
so for. h
IRREGULAR
AT THE OPENING
ROOM TRADERS WERE AG-
GRESSIVE SELLERS.
Forced Prices Down, But Derel
oped Strength Later and
Advanced.
Gib.rt A Clay’s Daily Cotton Lottor.
Now Orleans, June 8.—The closing
of the Liverpool market tn observance
of tho Whitsuntide holidays, which ex
tend over tomorrow aa well, has Im
parted an oven further quietness and
lack of Interest In tho day's session of
the els-Atlantlc rings. The quiet un
derlying strength of the July option
continues to be the sustaining Influence
of the market anil !ia» create,! a de
cidedly more favorable opinion in fa
vor of enhanced values Covering of
the short interest In this month has
been fairly general and at the some
time the October position found ready
tort from local traders, but thi
market still stands In need of a broad
er stroke of outside speculation. The
Influence of the weather seems for the
moment to be lost tn the more engross
ing Interest of the outcome of July. All
reports from the belt continue, In the
main, favorable, but the unequal dis
tribution of moisture In parts of Texas
Is beginning to bo aorely felt, nnd has
beon tho cause of eome expressed ner
vousness on the part of the trade. Spot
business In our market Is necessurlly
restricted by the email supplies whlc'
exclusive of the amount on sblpboai
and the very low grade llnters, etc,
amounts to barely 10.0*0 bales. The
visible supply etatement today will In
nil probability show but email mill tak
ings, owing to the several days' cessa
tion of business abroad and the un
willingness of spinners to buy large
ly, as exhibited In the email dally
volume of business done this week with
such frequent Interruptions In the
trade.
L. J. ANDERSON A CO.'S
DAILY COTTON LETTER
New Tork, June I .—With Liverpool
closed today, our market lapsed Into a
very dull affair. Even the weather
news has become stale and uninter
esting. The trade Is welting for some
thing new. All have agreed thgt
prices have declined about enough un
til there Is further development to In
dicate that we will have a large yield
this season. On the other hand. It Is
considered that weather conditions
have been so favorable upto this time
that a change is due. The trade tn
general proclaims that It Is too good
to lest. This feeling prevails to so
large an extent that the majority hare
b£5f disposed to buy a little cotton
tor a turn in anticipation of aome un
favorable news. A few unseasonable
days would, no doubt, enure prices to
build up rapidly for a while.
ESTIMATED RECEIPTS.
Sew Orica, eipeets 710 te 1,400 bale,
isslnst 2.700 actual la.t year: Galveston,
asrttrartwsrtsrjaa
■st year.
COTTON SEED OIL.
see —***
TgLfV- .
m
November 5J
Closed StCdy.
GIBERT A CLAY
r.
corret. paoviasoese
tcHscaei
ATLANTA. OA.
HCHBCaei spr
Tort Stock mshaigaPNW omaae Cretan Ex«h»n fe-fCMggJgSUViSaino. to
Yolk Cotton Ex-b.nge ‘Sew Orleans Stock Lxcaanxe-.U rpeo gxrhanfW 2!
York Coffee F.irbanie -New Orle.nl Board of TradclOilTeetee union **'■**• Bb~ ~-
Prtr.re Wires to all Exchanges. u,,,n,r, ijd will
•seal end Una Dl.Unee TeUph.se KM. ” W. R. FA8AN, Manager. sM w*a
By rrlrnts Lessed Wire.
New York, June 8.—This morning
the market differed very little from the
preceding markets of the week. It wee
heavy for some stocks and strong for
others, while the greater part of the
list moved unsteadily within very nar
row limits and showed no net change
of consequence. In view of the Impor
tance attaching In speculative circles to
the violent rise in the grain pit, more
attention was paid to the grain move,
ment than to anything else outside
the stock exchange. Although more
or less damage was done by last
month's drought, nnd while on this ac
count It Is believed that next Monday’s
June rep..It ,.f the government nil
show a lower condition than on the
first of May, the expectation le that
the estimates will still make favorable
comparison with previous yean.
Whatever uneasiness le felt over the
wheat prospects now relates almost en.
tlrely to the spring-down orop. The
northwestern Issues, as a rule, were
Inclined to reaction In the day's mar
ket, and profit-taking also made It
self especially felt in aome specialties.
There was considerable Irregularity
at the opening of the stock market,
but soon after the Initial dealings there
was some showing of a disposition to
take proflts and operate more con
servatively. Such declines as took
place In the general list, however, were
only fractional In extent.
Room traders were aggreeelve sellers
of stocks during the first half hour
and forced declines of 1-201 per cent
In a number of active speculative Is
sues, but the market Bonn developed a
strong tone again, and with a few
exceptions, prices at the end of the
flrst hour not only showed a recovery
of early losses, but In a number of in
stances made materiel net gains.
Government bonds unchanged.
Other bonds strong.
Were A Lelend'e Daily Cotton Letter.
New Orleans, June 8.—The cotton
market was featured by a strong de
mand tor spots today, which was met
with the slimmest kind of offerings.
Buyers acknowledged that they were
helpless, end turned down new busi
ness, no matter In how email lot* it
came. July continued the strongest
month, as was natural on such a a—‘
demand, and its strength was reflec
In the late positions, although it v
evident that eome bulls were selling
out their holdings in the new crops
and were going Inlo July which. If pres
ent conditions continue, will undoubt,
edly squeeze Itself. Some operators
went short of July this morning on
the theory that a reaction was due,
but toward noon these short, were
forced to'cover at a lose. A reaction
In July wilt be delayed by the feet
that the larger part of the long Inter
est Is undoubtedly held by those who
are sadly in need of actual cotton and
who will hang on tighter to their hold-
Inga of contracts the higher the price
goes. They will turn loose their con.
tracts only when they can swap paper
for the actual stuff, but the actual stuff
Is now so firmly held that there is
little likelihood of anything like free
offerings at reasonable prices until new
cotton commences to move, and there-
fore a majority of July longs will wel
come deliveries end will even demand
them. This Is the reason why we say
that July will probably squeeee itself.
YESTERDAY’S MARKET
WAS UNINTERESTING
New York, June l-The Run serf: "There
ms nothin* striking In the trading, sad
aturally the Huctuatlons were slaHarty
devoid ot special Interest. Yet, It Is to be
observed tost le
pool sdricre. favorable w'eetbtr at the
Ev^* ssyMrs&sa
July was msnlpnlsted to sonte extent nt
time at tne expense of the aborts
__ u already Intimated, aetblng senna
ttoaal happened, ivire bouses were selling
here, and the Month atilt seemed dispose,!
to mill futures, however traarloo. y Ijcple
there seem to adhere to the bull side or
cotton. Large spot Intereete ha?e of late
IS roeenmptlon.
'• le very lerL...
(her le In the
scKjr staple for*borne cp
S3IsjUrffsV,.. .» me
■sArfa s^*m,%%u , Ssg
Ug. but the public le ladlffsreat. fat. on
BwafieffSS&rSS
doubt tbit the short Interest Is large end
gradually Increasing. Helling the new crop
months abort nt thTs time of the yrer bne
SSeIlmSled to distinct* rejreUWe re-
sults for those who tn.de the venture.
This hsppensd Isst yosr-on advenes of
te took piecs le e comparatively brief
period-end It bi happened In other
'"mMih Jen#*^—Chen oel lights will
obscure the letter of the yet distant barber
lies con. hut tbs talent has corns to under
stand! he general of ttaremen
they ire In steer.
m’bothTsidra of lb# ureount fear the July
position with a Most w kola aome draadi and
at the aata* tine recognise la the persistent
ilemaad for forward aoppllea a dlatlact aad
Imely warning of poaalWe troable ahead
.ring the mlsukee led errnra to Ught with
till flinching severity. Again, limited offer-
lags and the «rm tose of tke spot market
rioutetke roaOdesee of thehenr et n time,
leo. wh-n ell nature la aiding the efforts
oMhcfermer. It Is an old.e&ry. one th.
talent should brnTW toar*«l _ \*A
t.ril.y e co*'°"
Smobetrated to tke etndent thU ferf: The
bottoai. wherever It «sf he. Is well above
tkn rxoertatloa* of th* ■(* who have for*
!5t ” wSewber «£»T shHeat UndoMilt*
Eve lost •brirnwfntnej-. Noibfr.u-^
eotton oh Its merit, will work ont Its awn
Miration, thy co * tr * r 7
notwltkstondlsg.—94 sro A I wised.
THE DRY GOODS MARKET.
T£^t'X t ia\e M Ze£'Z£ "STS
.tiring of t»7 sad the **rir »»;*'"**.
Fet-iSg ’ir *”•
RANGE OF NEW YORK STOCK MARKET
IClose
ie] nid.
Am-il.
a ted 0«i
Auerfran Hagor ltoflnlng..,
\I-.»S sejltln
An"-.' N fifi I ot’Hiimfhe
do iireft'rro*!
Amerl<un Huirltlng ItefiDlng...,
dO ■rtlhCfttne.panes.neeeeeeeJ!*>M!ffB?B?a^hlW
AfoIlUtill see
do preferred
American Cotton Oil....,
Ilnltltsoro nr.il Ohio.... *
ltrooklyn lUplil Traimlt
Canadian I’acl'lc
Chicago nnd Northwestern.,,,
Cheaapeaka nud Ohio
Colorado Fuel and Iron
Central Leather •
Chmago nml Great Western ...»
Clilmgo, Mllwroukfc and St, l*aul
Delaware and Hudson.., «...
Distiller'* Hecurltlrs
Erls
do preferred
General Electric
Illinois Central
Amerlcaa Ice Securities
Louisville ami NashvlUe
Northern I’nrltlc. a.....
Now York Central
Norfolk and Westers...*.
.'eansylranla
People's Gas
l*resaed Bt*el Car
do. preferred
Pacific Afall
leading
Itepubllc Steel
[lock Island.....
do. preferred
United States Itubber
do. preferred
Sloas-Shefftetd
enneaaee Coal nnd iron
exaa and Pacific
union Pacific
United Staten Steel
do. preferred
Wabash
do. preferred..
Wisconsin Central
do. preferred
TIPS FLASHED
From Wall StreoL
Out look fevon a goal bank stotnnunti
but 5 per rent bill for over th. year money.
Talk of Brooklyn Kipld Transit going
on g * psr rent dividend basis nest tall, ft
m now varnlng 7 — —
There nre ball
There are hull tips on tho Vsndorhllts,
parinc,_ Texas and I>ci
Isaourl
nver. •
ahohld crop' reports
Bear attacks
‘o be ant
realising, but look for good baying
In all the active stocks on recession*.
I prefer long a
wild buy only
Summary of yesterday's stock market by
Talk of
Star rate* bill goes bock to confor*
MM.
Slttcks plentiful In loan crowd.
Scarcity of UesHcmer steel hampering op*
erntlnua of steel roniputiles.
Waliash connection with Pittsburg now
omplatsd.
lletHirtetl Brooklyn Rapid Transit is now
irnlng 7 N per cent on stock.
Central of Georgia wJJJ connect op to
form s through lino to tho gulf.
K. A. Van
irospcrlty this year,
lot clear.
Jacob Bchlff In Montreal, returning from
an.
onoy rontlnuea to return from 'Frisco
Japan.
Bom
Injarfl
Twelve Industrials declined .0 per cent
Twenty actlvo railroads advanced .0 per
cent.
'Continuation of irregular improvement is
likely In the etock market with Independent
advance* nnd sjicclflc recesliwns th*» general
policy, and we advocate the maintenance
of tip conservative bull position In this
of taking moderate returns, mi far
operators are coaecrned, for, until the tnxi*
ding public Interest shall Iwcotne more ex*
yet no Indl*
V'V i l
rations nf any wllhdraivnl of
the powvrful-lntrre.t. who Imv® s
Mud tho msrkot for sotno tlino past.
oxpreulons of confldHB
te qosrtora «nd tho opln
tin- gradnsl Imprpvrniont
ring on will umilriuo. Tho
th. train
. , _ood iloul !
though It. offset on .to
•msll. There w.re, bow.;
reliable reports of dimigo.
stork vslitre was
meet, some fairly
but three war.
STOCK SALES.
i| noon*.*. V.
VW::::::;;
„miM shares
. .08,000 shares
STOCKS REVIEWED
BY NEW YORK SUN
.Now York, June 8,—The Sun says:
"In the forepart of tha day, the market
rra* strong, many stocks making new
high record! on the present movement.
In the afternoon, prices declined on
profit-taking, leaving, however, sub
stantial net gains In the case of nearly
eJl the active stocks. The undertone of
the trading woe vigorous nnd resilient
throughout, end the market very per
ceptibly displayed n broadening tend
ency. For the first time In many day.,
commission houses reported a distinct
Increase of intent In speculation and
enlargement of orders on the part of
their customers to buy stocks. Yet,
ns usual, the day witnessed the de
velopment of no sensational or even
important naws afTectlng values.
Whllo It Is understood that there has
been as yet no definite conclusion of
arrangements looking forward to the
retirement of the Wabash Debenture 11
bonds, which havo been long mntlers
■t senil-pllbllr Il-.lorl.'lv, II Is ) ,-t l„-
Moved that these negotiations havo
reached J.nu tlr.illv it .-/ill-.fu, |,,rv li-i-
mlnatlon, and that the scheme that has
been matured comprises the proposed
mil hoi I/,it I u K"ii"iul in->1 iK-o-o-
It uni Ihsiii- i-ovi i'Iiik till- Wulmsli i-■ -I
erty, by means of which not only the
Wabash 1 ii'iicninr.- it bonds, but all
other bond, of the road, ran be retired,
with the not result of directing the rev
enues of the company hereafter for
the big stockholder*.''—Glbert ft Clay.
NQTES ON GRAIN
Pointer* on Provision*.
Private Wire to Were A Lelend.
Chicago, Jane (.-Cables Ignore ear nd-
>f yr.terdsy and It leeres as depend
ue»« tor further hull III
I venue of yesterday end
sat^upon^m^^«|||
wret will
crop retHWt lets
conflrms recent ctstmn of damage. Tt
■: "Whrat conditions 77, Isst mouth *7,
t year sgs ll. Only 99 per cent of ram
planting ttntshed. Cora condition 7». a
year ego 42, Issf Reptenibrr 48. Oats con
dition 4*,,, against 74 lest month end a
' < Caeh*inulneH In wheat In Chicago yi
terdsj' was 27,009; corn 00,000 anil as
At the sen hoard exporters sold J3.I
wheat, 14,000 corn end 70.000 nuts. Th,
were also ranrellatlons of 140,000 corn re
cently sold for report nt New York.
Charters were made for 128,000 rnrn and
70,000 oats, the rate
le on onto to lluffnh
Bids on corn sen - —
night were up even with the sdvnure In
y'a advance
only n.oai imaneia, na rannvra are um
aura enough of lb. n.w crop eondltton. to
sell aM cum freely at present. The tiny's
•dvenre brought larger acceplancea late In
rger .
I boas, buying 100,000
ehrnaka altar tbax-loea.
A crop report waa Isaued by the Routh-
western Grain and Floor Journal yeaterday
hv C. R. Bowdlah repreaciitlng that paper.
The renorta am uiada by a tieraunnl oun-
vare of the fleHs. It give, tne .lx .tote,
end territories 11,128,000 hu.hcls over la.t
year's ee follows:
Estimated
Tesas 19,*7!t®i 11,114.000
Mlaaonrl ».022.i«» 20,022.000
Oklahoma 30.676,non lt.lM.ooo
Am& iSl'SSS
Totth 906(999,900 199,770,000
ovsr
Dpdtr
Hi wss 90HQ92C.
Jariss Klilstun. of Chlrsgo, who went
ost two d«7* Ago, wired from I>enver:
"Loft Uunolu 1
rain. Where t
rood could see n
dsy* *go, - .
lju W. fMMNTl
■Brd ■
ii further sdvsnre
Cudahy waa beat
"fiat.
of growth, wret of
backward. Wbeet
'Ing out abort"
II bullish and*wllT > work
If porelhla.
•slier of corn this mere
Oats opened firmer. Finley Berrell end
I-ogan good haycra of Hepttmber. _
IVarner end the pit crowd felling. Knight
and McDnugnll fair sellers of July.
1 wheat baa poured Into tbo market
•t half hoar from commission houses,
ball crowd still loaded up.
Her pucker, have been moderate bay-
— J pibrieloue. lAfger pet
nut to nothing. Pork being
Market s shads lower, llo
Mi
June I.—Wheat cahta* respond
fit Hi wet nortlT
Terr m to our advance, fitlli wet north-
wait, but no heavy rains. Favorable weath
er southwest. Cush nnd mlllinx demand
exceedingly poor. Wo shall carry orar
liberal reserve* to new crop.
Torn continues strong. Action of tbs
market will depend on country offering*.
«.Y..e,„. .s i .1..
for
We believe they will contlnne 1IImt.iI,
" "HI |.. I Ii r In ...i'x -Ii .
•lieve there will bo much setf
MODERN MILLER'8
REPORT ON WHEAT
Chicago. June L—Tha Modern Miller seya:
‘Special inquiry Into winter wheat condi
tions covers ten states ami two territories,
baaed npoo return* from milling cerre-
■pondenta of the Modern Miller. Outside
krntnrky. where grnernl deterioratloa of
the crop is reported, the mMjoritj ot rot-
respondents advito an Improveo * **
tho late rnlna, or a mslouiliicdVL.
daring May. gnlte a nntnber note that
heads on short etrnw fill oat well nnd prom-
l*c a yield of gn.>,| finality. roii)|>lalnts that
the crop bus been lowered In condition ore
numerous, coming principally from Illlnats.
MliiNourl nnd Knimii*. Ilnrvoat 1h delnrstl
lo Texas by rains, but has began lo Ten
NEWS WAS BULLISH!
WHEAT ADVANCED
MORE RAIN IN NORTHWEST
A FACTOR.
A Drop of Ten Points in the Mis
souri Crop Report Was
Bullish.
By Private Leased Wire.
Chicago, June 8—The grain market
today closed strong up from 1-2 to 6-Sc
per bushel on all cereals. Crop dam
age reports from the Southwest on
account of lack of moisture and cover-
Ing of shorts and heavy buylnir by
commission houses w-a. the principal
feature.
The market opened strong and
steady, Influenced by more rain In the
Northwest end a drop of 10 points in
the Missouri state crop report.
Wheat, July, i( 1-2 tn 8-8o; corn,
July, 81 1-4 to 1-Sc, nt opening.
CHICAOO~ORAIIS MARKET.
The Chicago grain market rsngtd as fob
lows today;
r,l * h -
m
fee
OATS-
H.pt:: St
'%«k- 3,s
July ..18.76
i# !:S* l:S» !:S
ih ilii>r:£ m ,J3 '‘ ,87H
July .. 9.48 9.4748 0.44 9.48
ff::H i:S 1:5 1:5
_Cu«h WhMt—No, 9 red. MgsHe; No. 2 red,
MuSc; No. 2 hard winter. IJtiVio: * '
?*g»lCLNo ' —
Sli
”3
**4
1
80S
su
w
60V4
6lfa
siS
m3
S3
»3
■SiJ
34S
\i&
DM
9.3f.
9.16
CHICAGO CAR LOTS.
Wheat
Coro
Oats ..
ilogo ..
Todaj. Tomorrow.
Ji
122 t«l
12,099 17.000
not numerous, sod the hell movment In
wheat wss more In the nature of a drive
tbs shorts than anything slue. Tbs
4rnlug tenderer which the market bee
abowu end tbs dullness which develops on
• II deellnea Indicate pretty clearly that
stocks nre still closely held end In strong
"The forecast of the weekly movement nt
money should Indicate u tmvlersle gain liv
the Lank, nnd lo reflected In t fairly good
lank etatement on Hnturday. Whip
t uinoaot of progrese baa been t
ird • higher prlec level during the . .
few daya, Indlcattnue point tn au retire
stranger rinsing today, nud on say
•rate setback, which may occur In the
J dealings, we advise hnylng the Idler
Claes of stocks, especially Amalgamated
Cooper end Union 1‘srtSc, while Icnil.rlllr
HKWWdUng
dry, If lioafht on weak spats, sbeeld show
fair proflts.
Frank Hawkins, President.
It. M. Atkinson, V. P, Tnoms.C. Erwlo. Asst. Cnshtsr.
Joseph A. McCord. Cashier. C 'V. Byers. Asst. Csshlsr.
Third National Bank
Capital
Surplus
Dr. A. W. rslhoon.
MlftMjMffML
John W. Grant.
II. T. McCord.
. . . . $200,000.00.
ease $300,000.00*
DIRECTORSi J. II. Nnnnstly.
Frank Ilewktne. J. f'srroll Payne,
n. M. Atklaaon. K. B Boreer.
Joseph A. McCord. Uertd 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. •
TH0S. L Hints. Ctthltr
rliriii. tiiniif
JUS. C. (ISM. Mtt'lCttkltr
MADDOX - RUCKER BANKING CO.
CAPITAL
SURPLUS AND PROFITS
$200,000.00
S500.000.00
ACCOUNTS INVITKD.
We cell the widely known and extensively used-Circular
* - ,0o
Notes and Lcttcre of Credit of Tho«. Cook tfe Son
In Our Savings Department we allow Interest at the Rate of 3 1-2 per cent
Compounded Semi-Annually.
PIEDMONT BROKERAGE CO.'8
DAILY MARKET LETTER
■Id*. Our opsulng wss a Rhsdi* bvttvr
Inst night's closing, soil extreme dull
set lo. Aruttnd th« nunu hour, « shsrp
iurt of sheet 16 jniint* In the NY
■OUrt Ot About 16 Doll
Irens tnsrket helpwf th
sod while tho Advance
In Sow Orleans, r
slderable strength
the market up
are ebowlug u
sltion, and the
th* Now York market.
wee not na great aa
m market allowed ran-
• nd nervrme ehnrts Md
tkemertvn. The bulla
from the New York mocks. The pan feifl
months we will witness greet fluctuations
Ii the eotton merkrte, nnd span la ton will
have s chares of thslr lira*. Tke encer-
talnty nf the results of tho coming reop
will dstsr • greet many from trading. Ogr
opinion la oat If tbers sboold bsppon any
thing to the growing crop, very murh blgb-
■e be rery greet. It the raneumptlog ot
qbe raw ueterinl le nt the high record.
I Stocks today were extremely dull, hat
flrmaaM rontlsuea In most of the nctlre
trading I sense. The market was doll l\kl
llig laarlve
(Row, hut *'j|m
ilinn bund and n resumption of the up
ward tactics, which has been so prodteMe
In the past two wanks, might not ba re
sumed. There Isaacs which bare enjoyed
the advance are now Idle end digesting the
■greree, trails new ores era befog taken
I dolly. Tke revive! of Ibe ruuinr of the
■taigamatlnn of tke railway equipment
companies Into one concern bne helped the
ahar.-a of tbo rnrioue railroad supply rom-
penlee- Reeding, while n shade lower In
Ike market session quickly rallied and td-
ranced tn tha hlgbret point retched nlnce
the Ran Krancteco dlreater. After the noon
aerelon, the fertiliser sherse were taken
c h x°l. d ti Stt B ii! rt ig.!!. P y.r. A n l S* ,l ; r b U f r l |i;i|
^WO qulut. Higher prim
Ihrr*- I* SlglilflrAlir■" III
VII of th* Mtamlari! Oil
Hf. i'uul nii'l ronaulliUteti
„ . iylVhuim, wm
copper a ha res were quiet. Higher
— eted, ng three la I
nee of two of the
LIVERPOOL GRAIN MARKET.
m lat 1 ” •
low*r.
PRIMARY MOVEMENT.
Tho following figure* show tho prlmarv
wwot of nlirot ami r«iru:
Wheat—XUrelpt*. 247.000 kusMs, ncnlm*t
10.00# Uu«h»i« lflAt yrerj shlpm*at*.
bushel*, again*! S0MO i.i)«hi-i* Uat ywir.
C*rw—Brerfpta. 362.000 hualielN n^ninMt
hu-iioN ln*t rrer; AblpmentA, mu.uia)
buflbeia, agafuat 481.000 husbels loot year.
THE LIVE 8T0CK MARKET.
Bf Prtvat* Lreaorl Wire.
I’hlrngo, June l—!lan—RorelpU eatln
Marknt strotig early; now *iei
* 1 fair; left oi
•t I mated rerrlpi
rtr t 6'*, uiH'.
if.-r*, go 26(t
4.06; r.rtftr to inn.Huw.* ft ‘^V^.20; *tr»cki>ri
*n<1 feed p ra, 17.76^1.7$.
Mi«>. ji-Itortfipt*, e.O'N); market atroug at
•!«» " • l*.Hli.*r figmea; imtlve. 0.6M1
.5); w**ten>. f'l fc/««.30; yeArllfigv. V. Tfifl
4.40; lamba, ».6u|r7.10; weafern. 16.6^(7.10.
Brevre. 64.164/4.00; row*. 61.4
jre. 0^4#O4 if gjw»d prfjne
NEW YORK COFFEE MARKET.
delivery today la New York:
Ud»b CIom,
tw*t 70 4 *0 4.46
4 7. US) *664.70
<e n 754,.*)
4.144.90
n.9M.96
6 "4 4 10
e - 34H&
Aiffhtt ... ... ... ... ... « 204 30 *2<V4.2S
Hrptetnbvr tl 904.36
October ... * Yi 6 46 <1344.40
Noremhor ... ... ... ... «<34 J9 t> 459.60
Doorntm ....
t loiHMi *t«*dy.
OOSZ,•:.;*•*-
March
April ... 4 95 4.96
is,--.-..":..-.."*.::- :::*£»
July 6.13
. 466
4.644.40
vftoe* to lard, and were not influancad by
the firm cotton market. The market at
tho rloae wo* nnlet, with prlcot »*-’ lower
to higher.-Ware St Lvlaud.
SOUTHERN EXCHANGE
Oldest Established Office Bouth.
C 0 no*—STOCKS BONDS —MM
Ground Floor Gould Building. Delly
market lettrr nnd market manual
mailed on application.
COTTON 8EED OIL MARKET.
Now York. Juno t.—The market for cotton
•.•doll was decidedly more eetlvr and again |
lower. There eemed to be eome little
pressure ell along the line, aad also
L. J. ANDERSON & CO
Bankers and Broken,
COTTON, STOCKS, 6RAIN
Correspondent's Capital $250,000
RgrCRCNCE, TMK NEAL MNK
PHONE 1417. PMUOCMTIAL BLDG
Htm OrItBMI.
COTTON^RAI^, ^HOVISIoFshlOCKsPBONDS,
90. 2 Will St.. HfyjJ/J'J’U. 6Hb»!0. 0j.
Chief Boori of Tro4o.
Chltagt Sloth tithoogo
9fm fork Coltoo (tthoogo.
B C COT MM AS M.fliier
Standard hoi
Mew fork Cofloo l/ehaag
Mew Orltani Colloo Cathaagt.
llrtrpoal Colton Ano:isho*.
hi lH BIAS
trpoal Coltoo MltOilahoa.
hltoio Wirtt lo htw fork. Mew Orltaat, Ck/ttgo.
|«0 Hoot 1262.
PIEDMONT BROKERAGE CO*.
(Incorporated.) Baaemtnt Floor Piadmont Hotoi.
ATOCK9, BONOS. GRAIN. PROVISION*. INVKtTHKNTB,
F««t Wir # B 8ervie« from New York, New Orleana, CKio«flo.
CORRCePONOCNTB
Me J. SACK A CO . 41 BROADWAY. NCW YORK.
f0«r. HOT/t. Varagtr. total pad Long Dlataota Bell hoop 1991.
(■■■■■HI
m