Newspaper Page Text
RKETS
Edited by
JOSEPII B. LIVELY
Mr. Lively hns edited Markets in Atlanta and the South for more than twenty-
five years. His experience makes him the most reliable, market editor in the
South if not in tho entire country.
COTTON MARKET
IS
NEWS AND GOSSIP
Of the Fleecy Staple.
FLOOR traders making
PRICES FOR COTTON.
Market Was Dull at Start, But
Short Covering Cauied
an Advance.
i The Liverpool market was closed to
day. It w,u rcmaln cloaed until Mon-
da}'.
In the New York market, the only
B«ws of an Influential character related
to the crop and weather, both of which
beta* one-alded, excellent weather and
crop prospects brilliant.
The opening was quiet and Irregular,
though changes from yesterday's cloa
iBg were Insignificant. The bulk of the
trading was being done by floor trad
ers, the outside public refusing to en
ter the market under present condi
tions.
The 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 New York and New
Orleans, In the former on covering by
door traders and buying by New Or
leans, the latter market showing con
siderable strength, especially for July,
which sold above, 11c on extensive
covering.
Overland movement for the week
11,0-3, against 12,403 last year, and 4,
185 In 1904.
Since September 1, 899,337, against
1,024,420 last year and 902,899
1904.
Amount brought Into sight for the
week 79,008, against 124,287 last year
and 30,150 tn 1904.
Brought Into sight since September
10,488.2*5, against 12,398,922 last year
and 9,727,488 In 1904.
Charles D. Freeman & Ci>„ In
circular letter, today summarize the
situation as follows:
New York, June 8.—"While this pe
rlod of crop uncertainty continues, we
should all be cautious In our judgment
and actions, keep a clear head, and be
cure of our facts. Two factors are up
permost now: First, the Impending
July liquidation; and, second, the crop,
lit the first Instance, we are confronted
with a commercial proposition, namely.
Who proposes to carry the 60,000 bales
of undesirable cotton now tn this mar
ket to August or September at a loss of
21.50 to 32 a bats? It does seem as
though in the near future an adjust
ment to comparative values for con
tracts must take place, thus affecting
the entire market unfavorably. Weak
ness hi July and transferring of hedges
will depress prices until the equaliza
tion shall be completed. This Is the
technical situation, and Its analysis,
based upon tho present crop develop
ment, each day In June, which Is fa
vorable to tho growth of the plant,
makes tho July situation more acute,
and I look upon It as a constant menace
to nrlcea When 1 say I am nervous
'ah drought, I mean It solely aa a
warning, for It is the only Imminent
adverse factor, and there are Indica
tions that we should not forget this
prospect as the season advances. The
present market Is a small affair, and
enly small fluctuations are to be ex
pected until we approach the July ten
ders. Above 10.60 for October sales
for moderate profits seem justified.
Private Wire to Glbert & Clay.
New \ork, June 8.—For some days I have
been very nervous over the droughty con
ditions nt various points.-C. D. Freeman.
9:24 a.m.—Narrow market, bat undertone
Arm. Any outatdo business would causo
higher prices.
The Journnl of Commerce soys: “Gen
eral trade for the day was steady with
the increment of goods of moderate volume.
Some blenched goods kouaes report satis
factory news from men who have gone on
the road within a week or ten days. Cot
ton ducks are as strong sa they ran be
from the sellers viewpoint. They arc scarce
and In good demand. The Immediate eon-
dltton appears to he that If nuy strong
movement tn export goods, announcement
of any doflntM policy by a recognised mar
ket leader In bleached goods or printed
goods, or any adverse crop report coming
from a reliable source, should come upon
the market, an unusual amount of buying
would bo precipitated, and the strong un
derlying conditions In tho first hands mar-
ket would assert themselves very quickly.”
New Orleans, Juna fc—Oqr traveling rep
resentative wires: "Waco, Corsicana to
Tyler t crops spotted; when well worked will
_-, A _ SS> _Jg
P°rt " neor perfect as possible; clean
and well worked, with perfect stands.”
Tho strength of the July position con
tinues to maintain prices throughout tho
ijn. in pm: ine nciaa nave neon ex'
’ptlonully well cultivated, being practical
ly free from grass and weeds, and good
Mnn<l>< lllivr. 1 •♦**>Tl oMulm-d. Tin* |.In Hi N
thrifty nnd putting on frnlt rapidly. The
noli weevil nnd boll worm have not ns yet
made their appearance In this section.
Private Wire to Ware & Leland.
New Tork, Juno 8.—Cotton opened quiet,
without apodal features. Trade light and
mostly local, with Liverpool closed. Look
for quiet market today.
Lesser-(J old man Cotton Company Of St.
oula weekly weather report: ‘‘There Is
Ittlo of additional Interest to report since
ours of the 30th of May, except that weath
er conditions have been almost perfect for
the growing crop In Southeast Missouri,
Arkansan and the northern portion of the
Indian Territory. Wo hear of practically
no comr*- 1 -* - *“ J d— *-
can onl_
favored with normal weather conditions
during Jane, the plant, to our mind, will
AT THE OPENING
ROOM TRADERS WERE AG-
ORESSIVE SELLERS.
Forced Prices Down, But Devel
oped Strength Later and
Advanced.
Hubbard bought about 6,000 October and
December.
Cotton very steady: soms good local buy
ing, which has absorbed light offerings.
ness. The balls feci tho lack of outside
support Ono of the closest observers
around tho ring says that Now York Is the
heaviest buyer of October nnd December.
Snots nr© in good demand nnd fnctors
claim they enn get prices that are %c
higher thnn quotations for whnt they hnvo
to sell. Not over 600 bales bavo been sold
far.
SPOT COTTON MARKET.
Atlanta-Steady, ll%e.
New York—Quiet. 11.30c.
New Orleans—Firm, 10 16-16c.
Liverpool—Holiday. .
Augusta-Quiet, ll%e.
Ksvannah—Steady, 10%c.
Wilmington—Sternly, 10 13-16c.
Nt. Louis— Quiet, Uc.
Norfolk—Steady, 11c.
Charleston—Firm, 10%e.
RANGE IN NEW YORK COTTON.
The following Is the range la cotton
future* In New York today:
Last \ Previous
Open. nigh. Low. Sale. Close. Close.
Juno ,10.M l0.«q 10.00 10.80 10.K-67 10.57-Si.
Mr .10.83 18.88 10.80 10.80 10.4641 10.62-63
Anr. .10.48 10.68 10.49 10.49 10.48-49 10.49-60
Nov.
E:....
,. .10.
.19.40 10.40 1937 10.37 19J7-M 1939.40
1937-30 10.83-40
41 10. B0 10.41 1941 1941-42 10.41-44
47 1 0.53 10.43 19 45 1946-46 10.47-48
49 1940 10.49 1960 10.46-47 10.47-49
«rh. .1950 10.01 10 35 10.56 10.54 10.66-67
RANGE in NEW ORLEANS COTTON
rottnn futures rangoii ns follows nt New
Orleans todsj:
_ Lost Previous
, Open. nigh. I-ow. Sole. Cloee. nose.
1&M io.ki
W .199! lt.04 10.39 1996 10.96-96 10.1,9-90
£««• .10.64 10.70 10.62 1 0.66 W.M67 10 9164
*£' j. 1943-44 10.46-47
-1933 10.38 1930 1930 10.2930 10.31-22
1930-31 10.32-34
l 1 *-- .1934 10.41 lo.a: ]0.33 10.32-33 1933-34
{•"■ -10.43 W.U 10.51 1941 10.36-6) 1939-40
»fh- -1913 1964 10.53 10.63- 10.49-51 10.49-51
_ TODAY’S PORT RECEIPTS.
The following tsbls shows receipts st the
ports todtj, compared with tho same dir
“« jesr:
Gibsrt A Clay’s Dally Cotton Letter.
Now Orleans, June 8.—The closing
of the Liverpool market In observance
of the Whitsuntide holidays, which ex
tend over tomorrow as well, hns Im
f mrted mi even further quietness and
nek of Interest in the day's session of
the Cls-Atlantlc rings. The quiet un
derlying strength of the July option
continues to be the sustaining influence
nf the market and lias erented a de
cidedly more favorable opinion In fa
vor nf enhanced values. Covering nf
the short Interest In tills month hns
been fairly general nnd at the same
time the October position found ready
support from local traders, but the
market still stands In need of a broad
er atroke of outatdo speculation. The
Influence of the weather seems for tiro
moment to be lost In the more engross
ing Interest of the outcome of July. All
reports from tho belt continue. In the
main, favorable, but the unequal dis
tribution of molaturo In parts of Texas
Is beginning to be eoroly felt, and has
been the cause of some expressed ner
vousness on the part of the trade. Spot
business In our market Is necessarily
restricted by the small supplies which,
exclusive of the amount on shipboard
and the very low grade llntere, etc,
amounts to barely 30,000 bales. The
visible supply statement today will In
all probability show but small mill tak
ings, owing to tho several days' cessa
tion of business abroad and the un
willingness of spinners to buy large
ly, as exhibited In the small daily-
volume of business done this week with
such frequent Interruptions In the
trade.
L. J. ANDERSON & CO.'S
DAILY COTTON LETTER
*•* Rrk.
•rtlvoston
Mftl>IU» esseeeeees
Nvannnh
ViffiS&i
Norfolk
Baltimore .............
&?**:
J«n Francisco
w'r.**”
INTERIOR MOVEMENT.
New York. June *c-Wlth Liverpool
closed today, our market lapsed Into a
very doll afTalr. Even tho weather
news has become stole and uninter
esting. The trade Is waiting for toms-
thing now. All have agreed that
prices have declined about enough un
til there is further development to la
dlcate that we will have a large yield
this season. On tho other hand, ft Is
considered that weather conditions
have been so favorable upto this time
that a change Is due. The trade In
general proclalme that It to too good
to last. This feeling prevails to eo
large an extent that the majority have
been disposed to buy a little cotton
for a turn tn anticipation of some un
favorable news. A few unseasonable
days would, no doubt, cause prices to
build up rapidly for a while.
ESTIMATED RECEIPTS.
New Orleens expects 760 to L000 lisle*,
sgtlast 2.700 actnal last yssr; Galveston,
I vo to 2.000, against 2.397 sctnal last year:
- u 1.0®, against 2,909 actual
COTTON SEED OIL.
November
“♦ember .......
Closed steady.
GIBERT & CLAY
'• t ALABAMA ST.
STOCK*. BONOS.
COTTON. CRAIN,
corrcc. provisions
ATLANTA. OA.
MEM BCR A*
York Rtock Exchange !N>w Orle.ns Cotton Kxchangsjrhlc„ ; o noiM cif Trn-Is
sees* iiasgfe ott caygE gasa'bbs&ssl
Local and Lena Distance telephone S2H. - R. FAGAN, Manager.
By Private Leased Wire.
New York, June 8.—This morning
the market differed very little from tho
preceding markets of tho week. It was
heavy for somo 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 tn epeculatlve circles to
the violent rise In the grain*ptt, more
attention was paid to the grain move
ment than to- anything else outside
the stock exchange. Although more
or less damago was done by lost
month's drought, and while on this ac
count It Is bqlleved that next Monday’s
Juno report of the government
show a lower condition than on the
first of May, the expectation Is that
the estimates will still make favorable
comparison with previous pdars
Whatever uneaalness Is felt over the
wheat prospects now relates almost en<
tlrely to the spring-sown crop. The
northwestern Issues, as a rule, were
Inclined to reaction In the day's mar
ket, and proflt-taktng also made It
self especially felt tn some 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 profits and operate more con
servatively. Such declines as took
place In the general Hat, however, were
only fractional In extent.
Room traders were aggressive sellers
of stocks during the first half hour
and forced declines of 1-2@1 per cent
In a number of active epeculatlve Is
sues, but the market soon developed n
strong tone again, and with a few
exceptions, prices nt the find of the
first hour not only showed a recovery
of early losses but In a number of In
stances made material net gains;
Government bonds unchanged.
Othdr bonds strong.
RANGE OF NEW YORK STOCK. MARKE
At! u > i! i •
American
Nugur Refining
motive
ting Defining..!
America.
do preferred
Atchison ea......
ilo preferred e.!.!.IH!I!!I!..e!!ee!I!
American Cotton Oil
I»It 111 111 i 4! (* .Mill (thill..
Brooklyn Rapid Transit....,
('nnndlnu I’adtlc
Chicago nud Northwestern.
Chesapeake nnd Ohio
Colorado Fuel nnd Iron
Central i.«Mtuni
Chicago nml Great Western
Chicago, Milwaukee nnd St. l’nul
Delaware :m.| Hudson
Distiller's Securities..., ms
do preferred
General Klectrlc
Illinois Central
American Ice Securities
Dullsville nnd Nnidivlllo
Mexican C entral
.MDsourl I’urlrtc
York, Ontario nml Western
Niitioii.il Lead
Northern Pacific
York Central
Norfolk nnd Western
Pennsylvania
People’s tins..
Pnclflc Mall..,
War* & Leland’s Daily Cotton Letter.
New Orleans, June 1^—The cotton
market was featured by a strong de
mand for spots today, which waa met
with tho slimmest kind of offerings.
Buyers acknowledged that they were
helpless, and turned down new busi
ness, no matter In how small lots It
came. July continued the strongest
month, as was natural on such a spot
demand, and Its strength was reflected
In the late positions, although It was
evident that some bulls were selling
out their holdings In the new crops
and were going Into July which, If pres
ent conditions contlnuo, will undoubt*
edly squeeze itself. Somo operators
went short of July this morning on
tho theory that a reaction: wo* due,
but toward noon these shorts were
forced to cover at a loss. A reaction
In July will be delayed by the fact
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
ings of contracts the higher the price
goes. They will turn looee their con
tracts only when they can swap paper
for the actual stuff, but tho 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 mov#, and there
fore a majority of July longs will wel
come deliveries and will even demand
them. This Is the reason why we say
that July will probably squeeze Itself.
YESTERDAY'S MARKET
WAS UN1NTERESTIN G
waa nothin* .trilling In the trading, anil
naturally the Ourtuatloni wtrr .lmll.rly
il.vold at apKial IntoTMt. Y.t, It I. to b.
obwrvcd tb.t In tha main th. tonei w«»
fiST enough, daaplt. dlaappolntlnf Liver-
pool advtoea, favorable weather at the
th and a good many favorable
rta. The moderate ndraneo oecut
itod to aomo exten
expanee of tho ahorta,
!Sy l w*. 'taaniptiTatod'to noma extent at
te time at the oxpenae at tho ahorta,
jt. as already Intimated, nothing aon.a-
tlott.l happened. Wire kouaes wore eel ling
here, ami the rionth Btlll noemed disponed
to sell futures, however tenncloiis y neopie
there seem to adhere to the hull aide of
cotton. Largs spot Interests haro of lato
been buying July bare and npptrar to hnre
S P . B » BgMjsSw
npears to have Bold 3,000 ha e« of th.
Huai staple for home eonanmptlon. So a
body did. In fotnrje It la Tery Urrely
ililng market. The weather Is In t
,..9ln favorable, though too dry In aouthe
Texas, the crop nawa on tha whole premia-
ng, bnt the public la Indifferent. Vet. on
be other band, tha conaumptlou la large.
big crop la nineh needed, any something
.Ute MLOM.OOO bates, and there ean be no
doubt that the rttort Interest le large-and
gradually tneraaslng. Helling the new crop
months Wort at this time of Ute year has
sometimes led to dlaUnetty regratabla ra-
“tilti for tbosa who made t6» venture.
This happened last ytar—an advance of
he took place In a comparatively brief
period—end It ha» happened In other
r New Ortoeaa!*fuue U ^-t-'hnnnel IlcbU will
£Ton" tt WUSSStel —
itand the general direction of the
they are to ataer. No fresh price Influences
have become manifest, hut room traders
on lioth aides of the areount fear the July
mwlUon with e most wholesome dread, amt
at the name time recognise In the perslatent
demand for forward iitppllee a dla’tlnct and
timely warning of possible trouble ahead
In th. event frownlag sklee .honld come
to mar earrent favorable nap prospects.
Thus, mlsfnterpratatlen ef minor price fac-
tors may for tbs swment block the clearer
vision of the apenilator, bat to the end ths
Immutable law of supply and demand must
bring the mistakes soft errors to light with
uafllnrhlng severity. Again, limited offer-
Inga and tha firm teas of the apot market
violate the confidence of tbe besr at a time,
too. whea all natura la aiding tha efforts
Xfthe fanner. It la a> aid, story, one the
talent aboald have learned loss am. Taa-
tenter's cottas market proved nothing, tmt
demonstrated to tha atifient this f.-tt Th.
bottom, wherever It may Iw, I. well above
the expectations et the mca who have for
got to remember that am-lent landmarks
Bare lost their luerulnena. In other words,
rotton on ita merits wilt work oat It* own
saltation, the mantonlator to the contrary
notwithstanding.-Ware A Lelaod.
THE DRY GOODS MARKET.
By, Private Leased Wire.
New Yarh, Jme L-The dry goods market
waa steady with a fair volume of business.
Hosiery lines hare been opened for the
spring of IW7 nnd the early rhowtnga prom-
Ine g- -l mtlc. There w„s n . Ight sdvsi
.tm lln*** «f fin** roloml c*o4a
IUmpM anil Ur*mn rott/»o* sbow h«t llttl#
rbanjfe, oad prlutcl itgv«lt!ea mail ■ ruu* n
*jM wdL
fiohr shpfrioM
T*’nnf»gfi*f. Cool nnd Iron
Tm* nnd Pacific
l.’nlon Pnclfle
United Stnti’H St»*©l
do. preferred
VI nrl nln-Carol Inn Chemical
do. preferred....
Wrateru Union
Wabash
do. preferred.. *
Wlsoousln Central
do. preferred..
I T I (CloMjl
>l»fi*n IIlKh Low lcin*f»l lilt! r:..»f»
l*n.** 11 ■', l l'tsu i .si, \-<\
1«H mt* 1«7V* H7H 147 14*Vk
TIPS FLASHED
From Wall StroeL
Private Wire to Ware A Leland.
New York, Juno 8.—London ehnnzoa illRht.
Oat look favors n good bnnk statement,
but B per cent bid for over tho year money.
Talk of llrooklyu ltnpld Tranolt golot
ou a 5 per cent dividend hnsl* next fall. If
Is now earning 7 per cent on stock.
There nro bull tlpw ou the Vanderbilts.
I*aul, Steels. Coppers and Dnllway
Utilities, also Wabash, nn well as Missouri
I’nclflc, Texas nml Denver.
Bear attacks likely tdmnld crop reports
on grain be unfavorable nnd expect consid
erable realizing, but look for good buying
In all the active stocks on recessions.
Itather look for trndors' market, thoifsli
jocks should hold well nnd orafer long side
for tho tlmo being, bat would buy only on
■hsrp dips. Feel very friendly toward Col
orado Fuel and Iron.
Summary of yesterday's stock market by
Dow, Jones & Co.:
‘incrtcnn_«tocks ln London Irregular, with
Ihvny rate bill goes hack to confer
ence.
Stocks plentiful In loan crowd.
Scnrclty of Bessemer steel hampering op
erations of steel roiuiyinlaK.
Wabash connection with rittnburg -now
completed.
Deported Brooklyn Rapid Transit Is now
canting 7 por cent on stock.
Central of Georgia will connect up to
form a through line to tho gulf.
Vandcrllp says no abatement In
prosperity this year, bat mouuy outlook Is
doney continues to return from ‘Frisco
Private Wire to Glbert & Cbtr.
likely In the stock market with Independent
advances nnd sperltlc rereHlsous the general
—rifey, nnd we advocate the mnlnleimure
tn* conservative bull position In ihls
creeping upward market, pointing out that
th* profesalonnllsni exemplifies tho wisdom
of taking moderate returns, no far ns dally
"iH'i-.itni i lire emu • rneil, for. until the Imd
ding public Interest shall become rnoro ex-
tho powerful
been be
On
tho other hand, expressions of confidence
are heard In these quarters nnd tho opin
ion prevails that the gradual Improvement
which has l»*on going on will continue. Ths
sharp advance In ths grain market yester
day attracted s good deni of attention, al
though Its effect on stock values was
smell. There were, however, somo fairly
rellabl* reports of damago, but tbeso were
8T0CK SALES.
1::::::::::::
Total 888,000 shares
STOCKS REVIEWED
BY NEW YORK SUN
New York, Juno 8.—Tho Sun say*.
Tn the forepart of the day, tho market
wm strong, many stocks making new
high record# on the present movement,
In th* afternoon, prices declined, on
profit-taking, leaving, * however, sub
stantial net gain* in the case of nearly
all the active stock*. The undertone of
tho trading was vigorous nml resilient
throughout, and the market very per
coptlbly displayed a broadening tend
ency. For the first time in many day*,
commission houses reported a distinct
Increase of Interst In speculation 4Uid
enlargement of orders on the part of
their customers to buy stocks. Yet,
as usual, the day witnessed the de
velopment of no sensational or even
Important nows affecting values.
While It Is understood that thoro hns
been as yet no definite conclusion of
arrangements looking forward to tho
retirement of tho 'Wabash Dobenturo 11
bonds, which havo been long matters
of semi-public notoriety. It Is yet be-
IJoved that theso negotiations havo
reached practically a satisfactory ter
mination, and that tho scheme that has
been matured comprlseH the proposed
authorlz.'iflon of a. general mortgage
bond Issue covering the Wabash prop
erty, by means of which not only the
Wabash Debenture B bonds, but al!
other bonds of the rood, enn be retired,
with the ii.'t if • ult 11f tiir.'t ting thf r.'V
•nues of the company hereafter for
the big stockholders/’—Glbert & Clay.
not natnoroas, nnd tho ball movment In
wbest wns more In tlie nature of a drive
st tho shorts thnn nnythlng elso. Tho
brondonlng teudonoy which tlm market has
Dl-HVII mill till* 'lnlllM'AH WllMl 4|i’ll'|tipM
nil declines Indlrnto prottv rlonrly that
storks ore still closely held end Iii strong
BSBda
The forecast of the weekly movement of
money ahould Indicate n moderate gala by
the banks nud he reflected In a fairly
nnk statement on Saturday. Will I
rent amount of progress lias been
deallnga.
of atoeki
Krle, Heading, Norfolk
Ifboug*
profits.
nl Car nnd Fo
II. If. Atklnsotb V. 1*. Tnomsa C.
Joseph A. McCord, Csshlsy. D. W. wyera. Asst. Cashier.
Third National Bank
Frank Hawkins, President.
Ttioinas C. Erwin. Asst. Cashier.
Capital
Surplus
$200,000.00.
$300,000.00.
DIRECTOR61
Frank Hawkins.
If. M. Atkinson.
Joseph A. McCord.
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.
WM. L PUL, Prnldnt
soar. r. maddox. vm Prtt.
MADDOX - RUCKER BANKING CO.
CAPITAL S200,000.00
SURPLUS AND PROFITS . $300,000.00
ACCOUNTS INVITED.
We Bell the widely known and extensively used Circular
Notes and Letters of Credit of Thos. Cook <fe Son. »
In Our Sivlng* Dep.rtmentwe .How tmarest .tthe Rtle of 3 1-2 per cent
Compounded Semi-Annually.
NOTES ON GRAIN
Pointer! on Protrltloni.
Private Wire to Ware A Lflond.
Chicago, Juno 8.—Cable* Ignore H.
vancc of yeaterday and It Iravca ua dci
, _ . 'pend
ent upon homo news fi»r further bull In
fluence. Preaumn continual rains in north-
wsst will b* the motive, bnt this tune
should play out today or tomorrow,
Chicago Inter-Ocean: King, of Toledo,
wired tno Missouri crop report lato Inst
night. It Is aensatlongl on corn and oats,
and conflrma recent claims of damage.
says: ‘‘Wheat conditions 77, last tuoutl
a year ago M. Ouly 90 |H>r cent of corn
planting finlshH. Com (‘ondltlon 76, «
year ago a, last 8entemt>ef 96. Oat* con
ultlon 48," against 74 last month and &
^ Cnah *bualties* In wheat In Chicago yes
tjrdajr was 27,000; corn 60,000 auu oati
At tho seaboard exporters sold 92.00C
*vhont, 16,000 corn and 70.000 oata. There
were alao cancellatlona of 160,000 corn ro
le L_ - .
Rida 4in corn sent to tho country last
n\ght were up eveu with the advance in
the speculative futures. The high bids sent
out t»u Wednesday's advance failed to bring
acceptances of any consequence In the
morning, the highest bidder In Iowa g* ‘
only 11,000 bushels, aa farmera are! 8
aure enough of the new crop conditions to
— P ___ _iou»e buying 100,000 In
Nebraska after tho close.
A crop report waa tsaued by the South
Tj’iun.e -* *-
te repoi
iss or ti
«rn niadn by a ^ersonnl can
year's as follows:
lexaa .,
Missouri
Oklahoma
* Ian Te
traaka
Totals..
46,980.000 41664.000
206,191000 169,770,000
There were sales of 20.(io0 bushels So.
J northern .wheat yesterday /*t le over
nly In atore. No. 2 hard waa lc under
July and No. 2 red 87c. At fit. Louis No. 2
retl was 90U«92e.
James Kldstou, of Chlcag*. who went
weat two dsys sgo, wlretl from Denver:
“Ix'ft Lincoln 7 s. nt. Found corn needing
aln. Where the rows parallel the rail
road .could ace no algn of growth. West of
Hastlnga It la more backward. Wboat
looks well, but Is heading out short'*
Less urgent demand for wheat so far.
Local crowd Is still bullish aud will work
further advance If possible.
^Cudahy was best seller of corn this morn
"Sat. opened firmer. Finley Darrell and
Logan good buyera of Hepteiuber.
Wagner and the nit crowd selling. Knight
and McDougall fair tellers of July.
Long wheat hns ponred Into tho market
the laat half hour from commission bouses.
* oca! Ir*^ *
fiaslk .
era of provisions.
nothing. '
shade lower.
Prtvsi* Wire to Glbert * Clay.
Chicago, June 8.—'Wheat cables respond
very fairly to our advance. Btlll wet north-
* t no heavy rains. Favorable wcuith-
__ west. Cash and .milling demand
exceedingly i>oor. We shall carry over
liberal reserve* to new crop.
Corn continue* strong. Artlon of th*
market will depend on country offerings.
Wo believe^tfigir will continue liberal.
do i
B2A.P
lug supported.
Hog situation
ay, but
attacks.
MODERN MILLER'8
REPORT ON WHEAT
Chicago. June i.—The Modern Miller snys:
’Special Inquiry Into winter wheat condl-
Ions covers ten states nnd two territories,
•nse«l upon returns from milling corre-
pondentH of tho Modern Miller. Outside
Centucky, tvliero general deterioration of
ho crop is reported, the majority of cor-
rthpoinli'iilM inlvD" nil iini>i Ill hIio-o
the late rains, or a maintained condition
during Milv Quito n ihmuImt n«iff Hint
beads on abort straw fill out well and p
NEWS WAS BULLISH:
WHEAT ADVANCED
MORE RAIN IN NORTHWEST
A FACTOR.
A Drop of Ten Points in the Mil-
souri Crop Report Was
Bullish.
By Private Leaned WIro.
Chicago, June 8.—The grain market
today closed strong up from 1-2 to 6-8c
per bushel on nil cereals. Crop dam
age reports from the Southwest on
account of lack of moisture nnd cover
ing of shorts and heavy buying by
commission houses was the principal
feature.
■The market opened strong nnd
steady. Influenced by more rain In the
Northwest and a drop of 10 points tn
the Missouri state crop report.
Wheat. July, 83 1-2 to 3-hc- corn,
July, 61 1-4 to l-8c, nt opening.
CHICAGO GRAIN MARKET.
g
Hept
Dec. ..
CORN—
July
Hept
Low. Close, close.
82^ *4^
38 v?
8.82H
8.06
8.87Vi
X'S*
•• x.
9.15
60%
.VH*
49«
Silt
60 V*
61%
4»%
91
34%
_ .. |»
‘Tfi*-**
dy .,16.78
Hept ..16.60
LAUD-
Jnly .. 8.82%
Hept .. 8.96
Oct. ,. 8.16
HIDRB-
July .. 9.46
Hept .. 9.36
Oct. .. 9.18
rash Wheat—No. 2 red, No. 2 red,
is ’°- 2 h,,r ' , printer. Rl'tiACr; No. : do,
76081c; No. 1 northern niirlng, 84 , ffk8c; No.
2, do, 83^J84c; No. 3 do, 82084c,
CHICAGO CAR LOT8.
Todajr, Tomorrow,
8.77% 8.80 8.82V4
9.45
:• r.
9.18
LIVERPOOL GRAIN MARKET.
Vhest opened % to % hlghor; ld9 p n
to % higher; cIou.m! % to % higher,
.orn opened % higher; l .1) p. m . u
• % higher; closed
PRIMARY MOVEMENT,
The follow lug flguri's show tho primary
ent of t
bunlndN. ngnlriM
the crop ha* 1
Tom pin I lit a Hint
■■pOTpi to condition are
uuiiM’i nun, coming prlii'-liuilly from 11111 >• >11
Missouri And Kansas, ibirvcst Is delnye
In Texas by rains, but lifts begun In jet
uessee, the territories nnd fioutbern fen
souri and Illinois.”
York, Jnno 1—With holidays abroad
In the cottou markets. It was natural to
inpus* we would have a dull session on
Js side. Onr opening waa a shade belter
than Inst night's closing, and extreme <ltilf-
ness set In. Around th» noon hour, a sharp
I * 'ii ns it, irl.ft 1m 11 •
nrkef,
ho S',
the New York I
ncQ was nut nn greet n
In New Orleans, the market showed con
sldernMo strength nnd nervous shorts Id*
market up on thennwlTP*. The bull
showing more confidence In their po
sltlon, and tho good weather seems to havo
‘ discounted In the past few di - *■*--*
In New York report that New w ._
iplnners are showing more Interest In tho
murker there, and good sales are reported
from the New York stocks. Th** next - —
nths we will witness srent (1actual
tho cotton markets, nnd speculators
have n chance of their lives. The ill
tnlnty nf the results of the coming
will deter a great innny from trading.
,a that If there should happea nny-
■ much hlgli-
.. ihe present
gt^sl. the decline will
Inarrow, but *ven tho** who are not bullish,
cannot deny the fact that the market la
well In hand and a resumption of the up
ward tactics, which hss been so profitable
In the peat two weeks, might not lie re-
suroed. Tho** lasoes which have enjoyed
amalgamation of the railway equipment
~ nl*'* Into one concern ha* helped tho
of the various railroad supply com-
Reading, while a eh*d« lower In
■ Jirkst session quickly- rallied and ad
vanced to the highest point reached since
the Han Francisco disaster. After the noon
session, the fertllllcr share* were taken
■Ifcof and marked up. A better feeling
compan
shares <
sm
Wheat- BUMP
163.000 himhrh last year;
ImimIicIs, against 1GS.-^*0 bu
• '<•! It ltd »'l|lt S, 7*,
450.000 bushel* last year; i
busin-ls, against 464,000 bu
THE LIVE 8T0CK MARKET.
By Private loosed WIro.
Cklrago, June 8.-Hogi»-Rccelpta rstliunt-
cd 17,000. Market stmnir early; now nti>ndv
closo; quality fair; loft over.
3.766; bulk, |6.47%fl*> 65; estimated receipts
for tomorrow. J5.W0; light bogs. |6.a84i6.66;
mixed. |6 »C6.6T%; heavy. |6 28«6.60;
rough. 36.25r(6 3f»: pigs. t> 36<U6.30; ymkers.
96 604(4.65- g«n»«l to rnolco heavy. 96.6o<fia.an,
t'attlo—itarrinta. 2.000; .iron*
H—*11 -nO-OO; .„wr, II ,VS(4.M; lirif-
—ra. 32.40^4 99; Komi |>rtin- .roi'M, 15 25®
I""' r to llindlsin. 34 "9475 20; Harken
Itcrvlpta, O.'.O; marVnt atronx nt
re.tnrin,: riiwimr tiKnr...; uiiMvp. i:t Keep
'■ Jt; wo.tBnij 33 ?); vcnrltiiKH. fiT. TK9#
1— »6.D0«7.W.
3.49; Inin 1 >i, 3S.fi'Krx7.10; wt
NEW YORK COFFEE MARKET.
tha np«fllBff
deliver, toflity In New York:
effro for future
Janaary
Egr?..
Juno ...
July ... „
August
H«q»tcrnbcr ...
•>' t<>l»cr
N*v*san*r ... .,
I»Mnin r
Closed steady.
Ousn. Close.
. 6.604.76 4 404 46
4.70 4 *) 4 45 4 76
. 6 W»6 H6 4 754.86
. 4 M 4 'jf, 4.884.96
. 4.48 4 904.98
,6.08 6.10 6.08 6.16
. 4,16 « 15-4.26
6 20 6 86 4.264.28
. « :v> 4 ,V. 4 304.36
.6* 6 46 4 884.40
vaneo In lard, nnd were not Influenced by
tho firm cotton market The market ae
tho done wns quiet, with prices >ic lower
c higher.—Ware A Leland*
SOUTHERN EXCHANGE
Oldest Established Office South.
cono*—stocks—BONOS—sun
Ground Floor Gould Building. Dally
market letter and market manual
mailed on application.
COTTON 8EEDOIL MARKET.
New York, Jane 8,—The market for cotton
seed oil waa decidedly more active aud again
lower. There a**as*d to be *om* llttl*
pressure all along tbf line, oad also some
switching between September and October.
The recent decline appears to have brought
some liquidation on the market, although
It I* still claimed that the available sup
ply of oil Is very moderate. Price*, how
ever. failed to respond to the further ml-
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, GRAIN
Correspondent’s Capital $250,000
acrcacNCK. the ncal bank
PHONE I4IT. PaUOENVIAL BLDG
Ntw Orltat*.
WARE A LELAND
* IN, PROVISIONS, STOCKS, BONDS,
COTTON, GRAIN
Ho. i Wall SI., Ptlan Building. Atlanta. Q,
mtmUMS
Haw Yark Colton hthang*.
How Oflomt Cotton Ctehongt.
s to Ht* York. Hew Orteaat, Chicago.
Chicago Board at Tra4a.
Ch tago Stock hchangt.
Nam York Cottao hchango.
B C. COTMHAN, Btanaoer.
Standard Phono 23k
PIEDMONT BROKERAGE CO.,
(Incorporated.) Basement Floor Piedmont Hotel.
STOCK*. BONDS, GRAIN. PSOVItlON*, INVCSTMCNT*,
F**t Wire Service from New York, New Orleans, Chicago.
coaaetPONOCNT*
M. J. SAGC A CO , AX BROADWAY, NCW YORK.
tow. MOTH. Manager Local and Long Pittance Belt Pkano IBM.