Newspaper Page Text
THE ATLANTA GEORGIAN.
11
COTION OPENED
business was reported
fairly active.
South Sent in Fair Amount of
Buying Orders on Early
News.
rivtrDOoTf •ponlng waa Letter than due
.rot" tS» tuofnlng. 1-lntt- \ H"' ”P «?
$ uror roantha and 2 up «n the late p.»I
wm mnrUd up « P°|nta, maklns
I IIIIn# « llil Hub** U»0O) DOlM.
Vei- t'ork roapondrt to the ndranee In
tk. English market, though the situation
{* tlif July Option was ronrldered tb* main
^’i/r’prlr.'g "ml." In the morning waa the
aahteet of conalderalile comment, both fa-
•»«*«<*
‘"•■The fomguhS* mea'na. If It menna nn
.hi,,, that the illapoaltln® » itUMJi
th. arrows planted this year la a« marked
I! *a« the dlamvItloD to underestimate It
f..t «at7 and Vie tendency toward «Uf-
rorall" with n view of rorrrotlng laat
fnr'a errora has be-n fait even In the de-
nflttinent of **rtvulture ttaalf.
p e|t meant further Unit the actual In
areas.* In acreage thla yenr. illierally ettl-
anfeil la not over t per cent, and, In my
?r>m"oi It la douMful If It la .'Ten aa much
„ » oer cent. The arrow return* were
”mplf,sl at a time when V™' 1 * "{TJ??*
n. the (tooth svna umVr the reactlonarT
Ihenc- of laat yearn amall crop «st(-
and hnd swum In eonaeonenee to
he 'iher extreme, and were endfavorta*
{.. f.irwanl their aprorotatlr* opwattons by
overeitlmale on the arrow* and the lm*
el leal Ion of a large ab'ld thla yo
**A« the departtnentjnoir ndmlta
Edited by
JOSEPH B. LIVELY
NEWS AND GOSSIP
Of the Fleecy Staple.
zSSSSIw oriiMnat year l. tirrly
1 ror rent. It Won*. more and mow
alatnly evident that Ua moat aitmcirdlnary
mndillons are necessary from now to we
•nd of the ten non to prvxluce n crop that
Jill i ven approximates next year’* minimum
rwiulremeata.'*
Bl V,!w lr York l .' dum'''l'i-The undertone of
th. local cotton inarti't at tlie ontoet wm
numldprahly firmer aril Injslneaa waa
net Ire. 'Hie Liverpool) market rcapoodeu to
Mr ITlee’e conumuit on the reply of the
iitirMii of atatlNtlua *>f the department of
agriculture to KfP***£ n,tt,,v *J» l hv > Mmlna
tiVck on the laat coljfcon report by comlna
icvcral points higher' than 4ue. whilejAmt
In. comment teTeig-aphed to the Sonth
brought In a fair ivnount of buying order*
from that quarter. t
8POT COfTTON MARKET.
^steady, 11.25.
f New Orleana^-StffiUy. lttfce.
Liverpool—'Outfit* klld.
AuguRta—Btea fly. llKe.-
Savannah—Htiouiy, 1$ 18-llc.
st. Ifonla-Btrfcfjr.llc.
Norfolk—Htea fiy, lgjt’. .
RANGE IN NEW YORK COTTON,
Tha followlacCjM tlio rang* In cotton
future. In New .York today: pf , ?I<wi
US. :!*:«* i»,$| !S:S i:|g £3
.15.77 10.80 ,10.71
.10.6* io.«. no.57
.10.5.1 lfl.81.mM
w. . 10.51 WJ1* rlO.U
ni: :!m liSi tiit io.« Kg* «fi«
i.„ .lo.a Silt .on as >o.s| 10-n
Mrh. dbdO 10.TW,'10.10 1AM 10.C1O 10.(3
rimed atroO,^ _
RANGE INWEW 0RLEAN8 COTTON
Cattna fntutj.-s ranged aa followa at heir
Orlr.ua lotto*. rravloo.
0pca.;IIIgh. U )W .8a?.. i C.o r Crow.
July :ii:w iiLM ii.i# n.» ”■*'2
Aur. .10.90 .10.90 1".» 10.M I0.S0-M AM
Kepi .10.50;jlAM RS B I'M* .d 1ASMJ
10.42 rlA44 1A# 1AM 1AJS-W 10.41-4!
Prirate Wire to Olhert & Oar
.New \.*rk. Jui... I: i.iM-niVs
r M IS * h, * 6 ' r on thl. crop ind
„„ Al >•• being made to ndranee nrlcca
,'J CSSPjgK
New Orleans. June 11—Urenfool 1 nn
chmiK.il lo l js.lnt higher. “
Liverpool .’allies: "SJanche.ter
uuleter. Spinners have bought^ freelr
lately that they will mil IxTck nn .i *
nn ' * a H lew then their consumption -
r.ii. , cEi.* ho ” *. /arorable dl.lrllntlo i of
Si™";. ."PMW In southern Tcjaa
whm It Is much needed. In the am..,tie
rMZ * f? arattered rain, hare oc
curred. Tempernturea marb lower.
Private wire to Wore & Inland
York. June 12.—Lirarpuel rabies
t^he .enrlmeat here u more humab. Vc'ih
marker*" 0 *' U,r * ,,rornblc opinion of the
Mltehell. S'orden and Freeman offering
,b,, ' n<,t of 'fad. forcing
t.'onalderable buying of July b» Weld
and brokers; looks Ilka Price. 7 7 ’ u
.Ji*Tr crMa offerad freely on the advance
and thl. broke the market. Trading more
aet.lre; tone more uncertain than rccemlr
Near Orleans, June 1-.—Letts,vorth. La.:
?e*ri :?f ±g»Jr££* CropiYrSH'tfd
Hat her free ofTcrlcga are putting July
d °lt rD ia HO?ei!r U 5s" do10 * ,'he Selling 7
July In {jggnSg* C ‘ nrPM> * " n «
SHORTS IN THE JULY
ARE BEING SQUEEZED
Kmt York. June lL-Tbe Sun says*
Three things lorded It over the New York
market and lifted It willy-nilly. Th“y were
* "IMeie In Noi oAWnaV aiTonJ
cables from IJrerpool nnd vary hot weather
-“eJit***'. YJ 1 * 1 fenaed covering ou quite
n fair acale hare, though the ailrance waa
not ao great aa In New Orleaua. Thar#
are those who, think that the July short
Interest Iwre la of no small proportions.
The cert I heated stock In New Orleaua Is
Terr small, pry gixxla re|M>rla are In tha
main favorable, and unless there la min
nnd cooler weather pretty soon In southern
Texas there may lie a weather scare. New
Orlean. and the Hontb bought here, and
there waa aleo a food deal of general cor-
erlng. not only for room operators but for
omaTders. Including the Wall street ele
ment. There le no Idea that the crop In
Texas haa as yet been seriously damaged,
hut no season passes without a weather
scare, and It Is not denied that Inwar tern-
pernturea and ralna art needed In the
southern portion of Texas The government
pmrtlcally reduced He estimated Increase
of, acreage from A! per cent to 4_par cent,
allowing for errora Inst season. The quea-
•Ion arise, whnt security has the trade
mSlbert jfciay*” *° 7 more correct now.”
. New Orleene, June li-”Whether the
New Orleans abort Intereet In July he
large or small, It Is greet enough to create
a very scute demand for that month's
contracts and -a feeling of confidence In
the camp of the longs, tbo tw«
having again pushed the soi
summer position wsy out of
the remslndiT of tho world. Most prol»-
sbly July hero will Le liquidated well
alwre October, but bulls should remember
* u “t the South ns a whole yet holds a *
cotton,..though the local, territory
— — —-y w- — push tho
freexe out game too for. Yesterday's cot
ton market added more than *i a bale,
net to the price of July options, while
Increasing the value of spot cotton only
an eighth of a cent. This makcH the gain
on July some 80 points within a week,
which destroys tho prospective profit and
some margins, too, of once overconfident
•-‘-’•October straddlers, who now find It
cult to buy In the former nnd sell out
the latter even with a loss. Thu July In
terest, however, cannot bo large, becouso
of the scarcity of business during many
weeks past. Consequently the Increasing
acuteness cannot coat • anybody a really
hurtful sum. Meanwhile crop weather con
tinues good enough, with the flawsJn tha
Ideal limited to the need of a little rain
hare and .there* Hence, fail shorts as yet
hare had hut small cause for real worry,
—Ware & Lei and.
10.8848 10.48-48
Sr.' :R44'*.iA4« 1AM 1AM 1JM-M }A«*4»
lia. lB'lM.M 1«M 1AW 1A4M6 10.62
.«.»» ,.««, ..4..... ie.sen
i.h .: iaimi w.n
Cloa.il si* say.
LIVERPOOL COTTON MARKET.
Uv.rprelf. Jnn. 11-12:15 p. m.-Frml vnf.
Im quin, tilth prb-vs sternly. Middling np-
Isuds. «ll/l. H<Im. A000; Amerlmn. .*.AsL
r slstlnsi snO export, 4,000. Ilccclpts, 4,-
Am.J.ren, 700.
futtin*,, opened eteedr. _ ,
Opening rrevlou*
Range, rtnee. How.
.n- « ID AM AM
JtncJulv X.........HUd tniM AIM.M
Jab Aug. .... „....A«M.»S M7AI, 1st
Aag.’Sepl.,*. AWAttt AM ATT
—sms tm a.
fc-r- .=a L
Hs. Koh 8.05 . iZ
fM -quiet.
TODAY'S PORT RECEIPTS.^
TheJroltowInff tablb shows receipts at the
Ijwtiltoday, compared with tho same day
INTERIOR MOVEMENT,
UM
1106 a
ffoQttnn
8a««fn
■ramhu
1» Cula
l *arian*t|
1022
1»
X
• m
810
s i
$
Total
2S96
•* .
v ESTIMATED RECEIPTS. _ #
N*w «irlesns aspects TOO to L000 bales,
iSi t *I last^ year:, flglreaton,
Rsastoi
The DRY GOOD8 MARKET.
IflMt.t. [^sm.l Wire.
'®rk. Jen, 12.-Th
dry geode mar-
fc,?*! • •tandstlll t.«l«y I— nn«* of *
2*? 1 '" I* Iwt vm bnyers and ..-llors on ta-
TV- utrartm. Keme .hailing of orlcc was
e 3jV*q "U Wide print, nml stniilo brown
■ o.v.ivhod mod, ef eonr.. ,tr,i.n
Sv' 1 quotable rhenges took place In the
"rt-t as a whole.
AT TIE OPENING
MANY SHARP ADVANCES
MADE IN FIRST HOUR.
Practically Everything Traded in
Joined in the Later Upward
Movement.
nlng tha
r.iirk-t continued to feel th,- good Influence
of yesterday’s cron estimates. The receipt
of another EMM from Hnn Francisco,
making a total of 817.300.0rt0 received back
from that city, and a gain of ffOAOOfl on
the week by tho local banks that tha sub-
Mr. Lively has edited Markets in Atlanta nnd the South for more than twenty-
five years. His experience makes him the most reliable market editor in the
South if not in the entire country.
RANGE OF NEW YORK STOCK MARKET
Prar.
.Open*HighJLow.|Close] Uld.|Cl0!
Amalgamated Copper
Atlantic Coast Line
American Sugar Hefintug...
Smelting tiffining..
American Cotton OH....,
ItiitttiiiiMc nt.d Ohio
Hr<•«-hi v n Hu|>ld Transit...
fill,-I
I IrtHS IW^: 107%t 1<
185*81 135S
C71 267
id Ohio
Colorado Fuel and Iron
do preferred
Central- Leather
Chicago and tSrent Western
Chicago, Milwaukee and St, I’aul
Delaware nnd Hudson
Distiller** tfocurltlee
do preferred !!.,
General Fleetrlc ,,....
ntrnl ,
American Ice Securities,
Isoulsvllle and Nashville
elP,*
Mexican
m re. B Missouri Pi
treasury also contributed to n better feeling Tork. Ontario nad Western..
In speculating circles. In tha main, how- * “
ever. It was the activity of the cliques
and their professional following which was
chiefly felt In the market. Rt. Paul stock
reached n new high level for the current
movement, but did not monopolism often
formal announcement of the successful flo
tation of tho Paris loan. At the same time
the story that plans were oil foot for some
— “ sit Ion of Pennsylvania h
more and Ohio wns pcrsls
culated, nnd this was given as the reason
for tho unusual activity nnd struggle In
Ilnltlmoro and Ohio shares. Further up-
bidding of such Issues as Delaware and
Hudson. Chicago and Northwestern, Great
Northern and Northern Pacific furnished
the other features of the morning. Tlr
upward movement was checked In the gei
oral list toward noon by s sudden upfut
In the grain markets, wheat and corn both
rising very sharply.
The stock market almost without oxcep-
tion showed galus at the opening nnd Ini
provement In the first five minutes of bind
ness. Colorado Foci started In l** higher.
Great Northern preferred. Distiller's Be-
entitles and American Locomotive gained
** - *—'— v *--*ivlUe 4. Ama)***-
ind Colon Poei
eotmnon up H.
The market has shown Improvement since
the opening and during tho first hour tunny
sharp advances were made. Northwest
roae to lx* 1 ; and Delaware and Hudson to
281: tialtimore nnd Ohio made nn ndvnnce
of 1V4: New York Central rose 1*4 nnd
Union Pacific. Heading nnd Pennsylvania
made fair gains. Practically everything
else traded In joined In nn upward move
ment during the flrat hour.
Governments unchanged. Other bonds
stronger. '
STOCK 8ALE8.
..145.5flfi shares
• .818.000 shares
..877,800 shares
..456.600 shores
. .(C7.500 shares
U J. ANDERSON A. CO.’S
DAILY COTTON LETTER
S’rw York. Juh, 11—A sirens LlrerpMl
account. Hoatbcrn spot
Btrnljr with ll/rht ollcrlnca, aian port, are
again amall. Hama faar la aim express*!
In regard to a July aqueeia In Naw Or
leans, but tbc Mg bulla rlalai Ignorance of
an/ nueb more. Tb* Prlea Intereata ara
Bald to b, allll long of a large line of
rotten and continue to express their belief
In ronalderabl/ higher prices. The ad
vance tndnr waa mostly ou weather con
dition,, nnil we may hare aoma aetbark
from these prim. Hherald tbla be tha
caar we bellern cotton purcboacd on tb,
recession will prove prufllnble.
PIEDMONT BROKERAGE CO.'S
OAILY MARKET'LETTER
n the acreage of cotton nnd Irregularities
n Ibe acrtrultnral departaxat at \Vasblag
ton waa given aa the ranee of the adraae,
abroad Inday. Liverpool eanie very much
better than dne. a ad while the spot ealra
there are atlU small, prleea shew a, harden
ing tendency. Reports of droagbt In aoalh-
eaatera Texas aad In portions of tbo cen
tral gulf atatea are ah» worrylag the
aborts, and priori hen, advanced from I
R 0 *! 1 * J*
Here that the long alile Is ftr mere prefer*
abto. and we tlslaOt purchases made on tha
weak spots will show proflts.
HtorRe-Botter prices for the International
shares from London this morning, and on
opening Mr market abowad atreagth. M
” ■ tbo feature, which also extended
„ Baltimore and Ohio and I'eansyl-
ranta group. Frofroatonal operations wore
,*.,« nuM to these sperlaltleo. After aa ad*
“reVf a imtoTInTt. 1‘sul and Baltimore
>d Ohio a sharp reroasloa around tho
mn hour. The weekly weather report
Id tho adranr, la grata In Chicago was
Iren as Ibe reason far attack on prices.
COTTON SEED OIL MARKET.
New York. Jnn, It—Tha market far cot-
J'Ld Si waa .slat but rather beary.
2*7hr« ,# &.5E. w
KeK n sv» dS-t "us,
nolntlug flamand tor ilitrllmiw, affurt to
tell Ike «W **rop flailverlea baa naturally
iflil ronslderable effect on value*. Tk*
mrkrt°at the cloae waa abNidy. with brier*
lux-banged to He higher.—Ware A DUbJ.
Opealuc Raage. J>we.
July myirrilllll
GOVERNMENT WEEKLY.
REPORT ON WEATHER
'• *■ ALABAMA BT.
GIBERT & CLAY
STOCKS “SIPS-
COTTON. OH Ate*.
rn*rve. PNOVlWONfl
ATLANTA, OA.
• coffee. eaoviflioNi
MCMBCRli
ExrhangeJNew Orleana Get tea IJTPnSvYM^^^AT^vHattoa
fc Sia ses VA s , ?)a::l^tssi l fiis. A 3rungA
IT:r • r- Wlraa »«• nil K*cha
^ cc *l and Long Distance Talephon# 5298.
W. R. FAGAN, Manager.
Prirate Wire to Glbart A Clay.
Waablngton, June 11—Following la the
weekly government report for conditions In
the cotton belt:
Arkansas (Little Bock)—The weather wiR
generally fair, with abundant sunshine.
Tbo forepart of the week waa moderately
warm and the latter part very warm; the
rainfall waa slightly above normal nnd was
sufficient In the northern half of tho stnte.
hut was much below averngo nnd Insuf
ficient In the southern half. The last day
was cool, dry nnd way.
Alabama iMontgomeryi-IIIgh day tern
K raturea prevailed, the maximum being
i degrees at Selma on the 9th. Scattered
aad la sufficient showers occurred during
the early part ond latter part of the week.
A if roof li or from t iro V tour ireeka* dura
tlon prevails In scattered see!Ions.
Georgia (Atlanta )-The weekly mean
temperature was decidedly nbovt? normal
and a maximum of above 1M degrees oc•
curred ai Albany nnd Forsyth on tire itb.
Rainfall was unevenly dlftrlbatsd. nml was
below normal at moat stntlons. Rain wn»
general on tha 4th nnd senttvred local
showers occurred during the raft of the
"Louisiana (New Orlcnnst-Thc week was
vary warm and dry. and wbll- light scat-
trend shower* occurred orcr limited areas,
many localities are suffering sretanaty from
ffst-jiarisa iiVdi
hast. hBMncraaaad tha dry nans. Tbo tun
■hlue was above the normal.
Mls.lwlppl tVicksburg!—The weather waa
clear or partly cloudy with fresh south
erly winds and uniformly high trmpara-
inrea. Maximum temperatures gwierally In
tha »«■* occurred throughout the 'reek lei-
cal ahowera orrurrad oo the 4tb nnd 9th.
The rainfall waa heavy In extreme south;
laewhere It wss generally jIMlot^nt.
NortibCarolliia fluislghb- Thunder storma
Ith cot>1 showers p^urred throughout tho
■tata ^Soring thaweek. The precipitation
waa about normal and waa fnlrly well dl*.
Irlhute-I. Tha temperature waa nlwut 4
degree* shore tb* *•>* highest re.
ported being » digraa* and tha lowcit 40
'"okUhoma and Indian Trrttory (Oklahoma!
—Th* weak waa warm, partly cloudy and
S
* 'SouTh*Taro! mh la)—111 *h t e m P- r - ■
tarrei occurred an two days Although tb*
ratnfalTwaaaxcaaalrA lajcldclr aapnratad
iM-alltle*. th* average praclpiuuon waa ha-
,0 Taxae IQairaaton)—With th* exception of
a few a-altered ahowera ”• „ ,b -_ ? lb -.* b '
week haa bean ahaormally dre «m> **rm.
N'amarous
CrTT , . , ‘'dM iJJ^Iy^h.^a,^
TSS5kS J «1^IWfflha tarn,.
tha”«h t»* wo.
Weather rondltlona war* gaaarally favor*,
bl*.
G.BERT 4 CLAY’S DAILY LETTER
New Tort. Jnn* tt-C. D. Freeman A
Co.. In I heir circular latter today, aay:
"Tha market rondana# la a Mata of nn*
ceriJr.tr due solely to the eoafnaloa In-
SrtJd S It by the bureau at Ba.hlngton
ini the wltfnl dlatortloo at fact* by-ear-
lata anrealatore. Krarr *ttrranee from
tha deportment »» ?*ej". l nn.ol‘to?*ir*Jbl
by laeampeteaey and why th*
caattanae to tw laHewed l,y th* crop e*
tlmatlag hoard K la hard to andarauad.
Aad whan M*****"*
to make tha people bdlcv* that the tiepaiv-
mcat'i faiastoaaa ara truths they shook]
"Vf* , 7dhcre*to"our animate of MJM.0M
Siu&2St rt.tV'iSg
^"‘oJf'fffiJl'In'nm n5j«rVTh r elr
Etl's as is
tmm tha southwest, and the generally de*
flricut ntlafSII In other part* °t the Wt
TTiCrondltin* might ha K!u 7 .K1SVA
tor th* th*e bHag. bat while, t^re ta jew
weather la mccomrr.
Nntlonnl Lead....,
Northern Pacific..
New York Central
Norfolk and Western.......
I'eimsrlvonla
People’s Gas
Pressed Htool Car
da preferred
Pacific Mali
Heading
Republic Steel
Hock island
do. preferred..}
United States Rubber
da prefcrreil
Southern Pacific
Southern Hallway
da preferred
SlonR-Sheffield
Tennesseo Coal nnd Iron
Texas nnd Pacific..
Union Pnrlfle
United Htntes Steel....,
da preferred
Virgiiiln-Cnrollim Chemical
da preferred
Western Uolon
Wabash
do. preferred.......
Wisconsin Central
da preferred.
%
I 88' r-’S
in-, in*, ii" 4
M I MH1 ti 1 *
WWPiflpHl Mfl% m%
897 I N*T^ JO? M6U
69 ( M»j MH 58 MH
691* :-nS MS MH
4JH 43 43 I 3% 4J%
’ionI iflH *i9H iivi
U1H 17WW lWt;! isfl»,j J7V,
NOTES ON GRAIN
Pointers on Provisions.
WARE A LELAND’8
DAILY COTTON LETTER.
New Orleans, Juno 12.—Cotton waa
dull but steady today. Neither aide
showed any fondness for Increasing
Its commitments and the outside pub
lic still held off. The talent paid more
attention to weather conditions than
If has ,,f lale, but little wns f. mini in
tho reports coming In from the belt
to speculate on. Texas Is trying hard
to make up a good crop scare between
too much rain In tho North, too little
In tho South nnd the rnx'nges of the
boll weevil generally, but thus far
prices havo refused to respond. The
next thing on the program will prob
ably be hot winds, which generally
cause the shorts to do some hard
thinking. The weather map thla morn*
lm? Indicated showers in the dry *dln*
trtets and dry weatfter In the wet dis
tricts of Texas, xvhlch caused tho bulla
to direct their attention to tho threat*
oned tropical storm In the eastern por
tions of the belt.
TIPS FLASHED
From Wall StreoL
Watting Valuable Materials.
From Philadelphia North Atnrrlran.
Those rope ends that the uresIdenUi.
commissioners saw being chopped up
for potted chicken nn* likely m inakn
trouble for some of tho employees. They
ought to have known better, with good
Havana filler n<» high No wornlm
beef trust haa been making only 2 per
cent profit!
Historic Restraint.
From The Chlcngii Iternrd-lferflld.
A Texas paper proudly •loclarea that
'Andrew Jackson never called a man
i liar l»v telephone.” \\\> inlgh; odd
that John Quincy Adams never used
a pianola and that Aaron Burr never
ran over anybody with an automo
bile.
Who Discovered Teddy 7
From The New York World.
While a patriotic association char-
lahes the Theodore Roosevelt house of
birth, the Owego dwelling where Thom
as C. Platt flrat asm the light goes to
a stranger for 810.
Trlvate Wire to Ware A Ireland.
New York, Jane 12,—The Financial Bu
reau any*: It la reported from good aourcei
tbla fiiornlng that Standard Oil buying (•
taking place In Amalfamatad Copper. Tha
Flower contingent Is eald to bo bulllah upon
this (ague.
America n stocks In London steady at
-ii'init purity.
Loudou fortnightly settlement began to-
dnv.
It. turn of mom v from Sm rrimrUci
makes position of bonks stronger than
usual nt this time of tbo year.
Home ih imind for 8t. Paul In tho loan
crowd, but other stocks freely offered.
Hubatantlal short line of ML Pool cov-
Chicago eousldera the crop situation favor*
able nu<l bullish on general market.
Forty-three reads ror tho fourth week
In May show aterngo gross Increaso 14.3)
p«*r ceuL
Boutbern Pacific expected to show very
heavy decreases Jor the period Immediately
following tho Frisco dlsnster.
Ilocklng Valley directors expected to act
on common nnd preferred dividends today.
Twelve luduntriuls mlraorcd .89 per cent.
Twenty aetlvo railroads advanced 1.84
por cent.—Dow, Join * A Co.
Co.: "With tho governin'nt groin report
develop to any great ex*
wider pul
tbla, bosMPHRHPHMHHi
tent, and expect n rrmtliumnce of only
such activity as may arise fro
Bimini operations In apaclalUss.”
Private Wire to Ware A Leland.
Chicago, Jana 12.—Government report on
wheat meant a crop of spring and winter
wheat of about 700,000,008 lmshels. Thla
cannot be called bullish. Would advise
selling long wheat.
InterOeean: Cash business In wheat In
Chtrago yesterday waa 210,000 No. 1 at He
over July in store. K.000 No. 3 sold late
In the day for eastern shipment and 18,000
mixed lots. In nil 850.00).
Males corn were 210,000 and oats 75*000.
At the seaboard exporters sold 40,000
wheat and 60,000 oats Charters were tuade
for 150,000 corn at lHc to lluffalo. ■
“C—tiaued flry weather last week In tha
Union Pertfir w^eat territory caused fur*
ther decline in the prospective yield and
qusllty, dropping 10 per cent,” says the
Midland BUrstor Company, of Kanaas
City, In Its weekly report. "Boutbern
Kansas and Oklahoma have a fine crop not
materially under previous estimate*. Corn
Is doing poorly owing to lack of moisture.”
Harvesting of soft wheat In southern
rill commence this week. A food
Kansas will
North Dakota
18, ten year overage 81; loss from May I
points; loss in bushels 41 ’*>. Bpring
wheat condition 93, 1 iwlnt below ten-year
average; acreage lOftlgi “ *
gafnaTjar
over 1906.
S Otta coaflltioa ||; loet from last year 7
ate am! 8 under I^year average. Acre-
» dec resse«t 3*3.0-u bushels or 1.8 per
cent
^Hjre condition A0, or same aa ten-year
since June,''iM6. * Boring’ wheat condition
la low«(| slues lftrf and nata are lowest
■Inc* 1FO. Condition of winter wheat and
oats is hither and spring wheat lower
than expected.
Private Wire to Glbert * Clay.
Chicago, June 12.—Heconl llerald: "The
wheat ’market was more or lees under the
Influence of the government report yes
terday, although the figures were not an-
ttoenred until too late to be digested by
the trade. Tho popular disposition, how
ever. was to curtail operations until the of-
flclal crop status was known. The tone
wns strong at the outset until Information
an array of bullish news It developed
** heavier tone later, principally because
of realising sales by lomm. Tho weather
was better, northwest Pringle continued
the campaign vlgiwotisly oil the buying
side, but the market acted as though wheat
tmught openly was Iwdng disposed of under
cover. l«nko nnd Hcott were each working
steadily for a decline. There was lltfls ex*
cept professional Interest In the market.
•Ttpeculatlou In corn wos mainly confined
to urofcsalonsl circles. A portion of the
•utslde trado was ranged ~ *
and there warn continued moderate
logs from the country.
"There was n largo speculative trade In
oats. In which tho nonprofcsslnnal trailer
figures to a smaller extent than during
the greater part of last week. Neverthe
less there was quite an arcesstou of orders
"-pm outsiders late In * ~
"Priee fluctuations
’S* of the troth* pro
ne of the market ___
there was very little doing.”
STOCKS REVIEWED
BY NEW YORK SUN
ho Ban says: "A
dull frailrrs* nmrki-t,
1-in tlflpslli.it by tho i
out prominently, und m «uuu |.*ir- w
brntiMl Irregularly between atrength nn
weaknesa, closing for the most part at
of dealln.
r,f
tbo stock exchange. Tb«
value. There Is no
report was discounted. The expert Jam
aaya the winter wheat Is too far ntlvnnooil
now to suffer aerloua damage- While being
bullish, wo would bo rnulIons today and
hold to tho trading position, aem-rnlly
speaking, but expecting specialty Imprvff*
ment where technical position favors It.
The susceptibility of the stork market to
oversell, as evidenced yesterday, demon-
*»,. . !t it. r.-i- ..r iiI.m.i i.tI .1. (**t ■
actions, but we understand that Itmldora
* - •• i li.-lr * - .’K *' am f i til hI .
not for the present permit Improvement ex
cept specialty anil along Irregular lines."'
ATLANTA NATIONAL BANK
ATLANTA, OA.
C. E. CURRIER, Pmldant. A. E. THORNTON, Vlc»*Pre,ld,nt.
H. T. INMAN, Vlc»-Pr»ild«nt. GEO. R. DONOVAN, Caahl.r.
JAMES S. FLOYD, A«i'l Cathl.r,
Capital $500,000.00
Surplus and Undivided Profits $500,000.00
We Solicit Your Patronage.
J
HUBBARD BROS & CO., Km
Atlanta Oflicea, 219-221 Century Building
Mcmb.ra New York Cotton Exchange, New Or-
leans Cotton Exchange, Liverpool Cotton Aaao«
elation, Chicago Board of Trade, New York Cod
fee Exchange, New York Produce Exchange.
Business solicited for the above exchanges.
Direct wire service. Correspondence Invited.
Phones 454. Long Distance 39. A. 8. Iluatace. Mgr.
movement that made ItaHf fiuRPH
tnnrknt In tho latter part of laat wci*k. tho
reault of this l»*lug timt at the end or tho
time nicntlniic-d dirllnos of three polots
or more from the highest prices — * *
Thursday were shown In many i . _______
Ire stork*. Ko large a fall as this lu huHi
i relatively narrow market as evidently
MUVUtlt oat orally Invited nrufit-taklng on
he part of speculators for the decline
jml olso Ini to some buying of stocks for
tb* rise by habitual operators. All the
goHidp of the day bearing upon the market
centers upon the government's inoutbty
crop report, which. It wss known, would
bo jiublfshed nt 2 o’clock In the afternoon,
and when this appeared tbo buying of
stocks lnrres»*d. ns It almost Invariably
docs on such occasions, based. In the first
place, upon Qm theory that a deflnlts
announcement of expected bad news means
the end of Its unfavorable effect market
wist; and second, upon a reaction In sentl
FEELING EASIER
IN WHEAT TODAY
THE PIT CROWD WAS INCLIN-
ED TO SELL
Due to Lower Cables and Good
Weather in the North
west.
By Private Leai.d Wire.
rhlcago, Juno 1!.—Th.ro nr> ad.
vanrM In all th. grain mark-t ->n
’chang.*—1-IOt-Sr for wheat, 1 l-:>»
IS-Sc for corn, and 1-401-Jc for mu.
Corn waa the trader In atronath r.nd
activity. All th. cereals mrf.*r.*.| nm
tat. on profit-taking by Inna*. Now
wheat waa sold her. to arrtvo by Jut,
It brought July prleea. It wai
grown In lll.nota, nnd was purcim»i*d
by Armour 4k Co.
Primary rccelpta: Wheat. 271.oof
buah.la and com 111,00" t.u.h.la
against 211,000 and (.010,000. rot-pet*,
lively, a year ago.
Clearances war. SI.S9S barrel* flour,
and no wheat, I7( bushels corn anil
1,400 bushels oats*.
Cash transaction* at Chicago: Wheal
15,000 buah.la, com 15,000 bushels,
oata 221,000 buahala.
At the seaboard, two loads wheat,
flv, loads com and 150,000 bushel,
oata.
Th. world’s avnllnbte supply of wheal
decreased 5,200,000 bushel., corn In
creased 387,000 huaheln and oata de
creased 411,000 bushels for the week.
CHICAGO GRAIN MARKET.
Opes. High. Low. Close* --to
t'n.h Wheat—No. t rod. .7-*,-4; No. 3. red
M *i ■*' V* 1 I* 11 *1 u 11. - * * * . <i ** - V. lmrd
winter, 7HIS3; No. 1 northern .r-rturf -f.'us-ti
No 2 northern sprint;. 43'q'*; No 3 spring
CHICAGO CAR LOTS.
Todnr. Tomorrow.
LIVERPOOL GRAIN MARKET.
A Clay.
THE LIVE STOCK MARKET.
Or I’rtrato I aaaad Wire.
Cbteago. Jon. 12. ll-ur* ttroainti to.
18. Martlet strong to sht
qua Illy \
pta 2.500. Market steady;
quality fair; heeres (4S<t«; rows It M
4.40; belfera hltMt ealre. 284r7; gond
prime steer* It B; poor to tm-lluni tin
5.18: sterkef, aail feeder* I2 7:dft.70,
miwp-Citlinated is.<-Market atrooi;
NEW YORK COFFEE MARKET.
Tha following table, gives tb* op*olog
au4 rloalug iinoutlnus for roffes for future
delivery today la N«w YorkH^
Wheat openeil H lower; 1:99 p. r
lower; dread % to H low«r.
Corn oponod unrbaogsd; I JO
lower; cImm] H to h lower.
NORTHWEST CARS.
Following IiiUm nura tin* nor I Invent carl
of grain (inlay, laat week outl laat year:
f .it A f r,4iat
Today. Weak. Year.
Minneapolis tf> / 178. in
Duluth 75 »* \<n
Chicago 13 16 4
PRIMARY MOVEMENT.
The following figure* give th* primary
movement of grain:
Wheat —He< el pi * 2H.VW) buahela,
laat %vt»ek 184.600 liaakala. ngnlnat 72*.6m
bimliela laat year. MhlpaoMts (May 376.noo
l.tiahela, Hat u..k 371 ---» ImipIi.Ih, ngaloat
163.010 buabela laat year.
I -rt. I(. - ■ 1,-’ « In I tv b !-: 0.^1 buahela, laat
•*ek LMMflfl bafkfla sflilaat fl|A/<^ i.nah-
•l- )”■*!'• ■ *> ••i"' • ' . t - ■ »-i«h-
Ha, laat week 618.000 huabela, agilnit r.’.OOl
ruenta today 49,000 I
Northwestern Weather.
IIIIqoU- <'ontlnu« -l fair ami root
amt tomorrow, except threatening a
| * * * r I' .it
lllaaouri and Iowa—Fair and ca
cool tonight -ami tomorrow.
Wlereoain—Fair aad continued >
night ami tomorrow; light front In n
Ntoareot-i. Dekotao. .Nebraako. K
Fair tonight aad tomorrow; not
hang* la temperatures.
Open.
try
E7::;;;;;;:::: tiT"
Close.
M84.79
6.75-6.60
January
1®!7.
April T.ff)
May 7.06-7,08 aM-7.06
June „ 1106.21 1184.36
July.
ggb.~ : ::
OctotMT 141144 AM4.5
Nornalwr I4UU AMAH
IMmntwr.. 110(■ IS*4.44
Clorod it.aily,
Tha common probltm, yours, mtna,
er.ry on,'.,
la—not to fancy what wm fair In
Ilf.
Provld«d It could be—but, finding Aral
What may b», then And how to make
It fair
Up lo our means; a vary different
thing.
• —Browning.
a Robert Berrotl Brows!sg, ptlatro and ton
of th<* r.muna father of th. seats .am.,
has mm charon praMent of ilo InwAg
rottt.ro,at t. London. When h. was bron
ford (iraarlllo la rrodltrol with luring ro-
roartoo: -a third JaroroprakaaUhle has
rotn- Into tb. wndd!"
And Man Who Buya Cannon Crackers.
I'r*':n T! '• I '..> 111 • I. *r.- ,S*iri
A Kill rif*t Hi.* p.-ronnlii! Iii.iii-rnrksr let
*.- nr i" v i ti.* , li.impp.n fool-klllsr.
SOUTHERN EXCHANGE
oideat Kltabllshrd Oftl.-S South.
COTTOI XTOCKS - BOIOS 9MM
Oround Floor Oould Building. Dally
market letter .rol mark.t manual
malM on application.
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, 6RAIN
Correspondsot's Capital $250,000
RCrCHCNCC. TMC NEAL BANK
PHONE MIT. PaUOfNTIAl BLOC
1
vit l rrn. (Mat. _
goff. t otooor. r.„*r,„.
MADDOX - RUCKER BANKING CO.
CAPITAL .....
SURPLUS AND PROFITS
$200,000.00
$300,000.00
ACCOUNT* INVITCO
Wo sell the widely known nnd extensively used Circular
Notes and Lettere of Credit of Tlion. Cook »k Son. *
In Our Saving* Department we allow Intcreat at the Rate of 3 1-2 per cent
Compounded Semi-Annually.
Y*rk. New Orltssi.
WARE A LELAND
COTTON, GRAIN, PROVISIONS, STOCKS, BONDS,
Ns. 2 WsllSt.. t-n'4i*t. Utsats. Cs
UtMBltS:
Ntw fs>k €•"•* h(hi*i9 Ch.tM§« Bond ol Inis.
Now Orlftat Colton ht*o*
Ursrssol Cotio
Boll Hoot 1242
i York. Ntw On
. Ck cofo.
Cs Into i to k Inkiogt.
Now fork Ctlloo ftfkotfo.
B C COrtfiAi. Non,tor.
Stondord rkot
PIEDMONT BROKERAGE CO.,
(Incorporated.) Basement Floor Piedmont Hotel.
ATOCKi, BONOi, CRAIN. PROVI»ION%. INVI4TMINTO,
Fast Wire Service from New York, New Orleana, Chicago.
CONRCUPONOrN V %
m. «i. tAce a co. -ea broaoway, new york.
tow H0JH kiiifd lo'ol o m d Lots fl»» Nhsss 13ft.