The Atlanta Georgian. (Atlanta, GA.) 1906-1907, June 14, 1906, Image 11

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—*— uijW'iiimujupfti »„ U MARKETS Edited by JOSEPH B. LIVELY Mr. Lively has edited Markets in Atlanta and the South for more than twenty- five yearn. His experience makes him the most reliable market editor in the South if not in the entire country. PRICES LOWER peeling is easier in the COTTON MARKET. ffesther Still Dry in Western Belt—Spot More Freely Offered. The July option In New Orlean. wa« Lain a factor In the cotton market*. Et has reversed Ita position and has icled weak today. Liverpool was not encouraging: this nornln*. showing declines In both mots and futures. Spinners Increased £elr takings, sales aggregating 10,000 .New York opened lower to the ex Riot of 2#4 points. The ■bears were ^ TMsIve In the early trading and prlcea sharply lower, after eikh short covering was sufficient to -tine a slight Improvement. The western belt still needs rain, gherwlse, weather conditions ore fa vorable. The New Orleans market was L..tifd, with sentiment bearish. Of ferings of spot were freer, with buyers Showing more Indifference than *-- tome time. for RV Private Leased Wirt. New York, Juno ll—The undertone Jf'the local cotton market at the out- Sft this morning was easier In face Jnf continued dry weather all through ■the western belt, first prices belrig 20 |l points lower. The hammering by the Ibfars, which was a feature during the last hour yesterday, continued this morning, and the list gave -way read jlv After the call, quotations Im ■proved a llttlo on a demand from Viorts In tho late months. 8POT COTTON MARKET. Atlanta—Quiet, He. New York—Quiet, 11.20. New Orleans-Easy, 1114c. Urertionl-gteady. &OOd. Augusta—Htendy. 11 2-tCe. snvantinh—titeady, St. larnls—Steady, 11 l*16c. Nerfnik—Quiet, lie. Wilmington—Steady, lOTjc. ■ RANGE IN NEW YORK COTTON The following ,1s the rnnge In cotton uturea In New York today: , Last Previous iw. Sale. Close. Close. Opan. filch. Low. Sale. Cl „ .1077 10.77 10.77 10.77 10.63-71 10.8042 .10.73 10.74 10.60 10.63 10.6243 10.77 .10.65 10.66 10.45 10.46 10.4546 10.67-63 10.J7-39 10.4340 .10.41 10.43 10.62 10.34 M.&34 10.4445 .10.41 10.41 10.15 10.41 J0.SS44 10.4144 .10.47 10.48 10.16 10.10 10.3849 10.4940 .10.61 10.63 10.41 10.41 10.4344 10634 Jlr'b. !i065 1055 iul lOdi 104143 10^614 Cloned Htendy. ■RANGE IN NEW ORLEANS COTTON Cotton futures ranged os follows at rvcw Orleans today: Last . rrerlous Open. High. Low. Sale. Close. Close. * io.w ii.fi* .11.11 11.19 11.02 11.07 1L06-07 ILL .15.71 10.75 10.C3 10.62 10.63-04 10.S0-81 .10.49 10.49 10.41 10.41 10.40-41 10-49-61 ■"» ?°;“ ftgfi $53 ,10.« 1027 10.23 1030 1030-31 10.2S-23 .10.43 1044 10.40 10.40 10.26 104? Pctwed steady. 1046 106647 LIVERPOOL COTTON MARKET. Mr.rpnot, June IX—12:15 n. ro.—Spot cot- - I, rut... w ith prlreu .'iisler. • ■'■ Sale.. m.K-' hales: Alllgrl- tan o.jin. Speculntlon nml export, 600. Ile- tdpta. 4.000, all Amerlcnn, i e. • ntilet nn . (>:-enlng Previous lfnitre. Close. Cl™c. 6.864.65 8.13 6.B8,_ 6.174.96 6.926 23 J.P44 5.574.81 5.824.93 6.J74.6S 6,764.77 0744.76 6.90 1.70 6.88 6.714.71 6.664.66 6.604.61 6.654.67 6.644.63 6.61 5.63 6.60 , ... . 5.664.66 6.664.61 5.664.67 6.66 6.61-' * him* July /sly.-Atig. | A ! l». -Si-pf, 1.61-6.12 5.17-5.68 TODAY'S PORT RECEIPTS. _ _ Tie following tnblw shows receipts at the ■Nrti today, compared with the same dty _ , OrletM |<kIveston | Mobile K...... I^tfliiimh* ■nm Heston ■"Ilmltmton ■Ksrfnlk I Baltimore !» Vork lEhiw.ii.hii":::::::::: 11'-1. Tot* I s ii SB "ii „ E8TIMATED RECEIPTS. •Jf* Orleans expects 2,200 to 2,700 hales, M«h»t .'.su actual last jrear: Galveston, E” t" 1.500. against 4,134 actual last year: «on«„u. 700 to 1,000, agatnat X8J7 actual COTTON SEED OIL MARKET. be* luri,, j nB( . market for cot- Sycl n ,d was aolB Ml and eaalcr, with JW of Iteeember at He decline. Local wntlneuit waa rather hearlth, ami In tha J»n,H „f export demand and with a quiet trade, prleea were offered ilr rapport on the strength of htrd. and few levei!**The S£ME pr^a ancaaaged to H« Opening. Cloee. fry i’*******J^**' Mi sgp 3t\9:t'. 34\t286 31H632 *1\832 — w- 31463.' NEWS AND GOSSIP Of the Fleecy Staple. Private Wire to Wl... „ * ,a,urM 7 ttM - K,-; 1 r !“■ : to 3 Ilowo: Idle. ,_, r , a bout iSSwJ dmvn “ «*S •>“' “Alfectml unfavorably * rom New Orleans an.l New '"Ik- Halns reported Texas." *“'■ 1 ut tho American Doeh £(«,»? ilfL j-ouipan.v. at Tompklnsvllle. yesteritny J„ reported to have destroyed about LOCO bale, of damaged "rhi’ES* hi the.e wnrehouses. first cotton bloom urns received In 13"fost year ,od “Y. as compored with June ujseket opened rather easy *•**?■ , on Liverpool rubles and some r , of needed rains In Kastern stares. Mn'rtol ’T* 1 " considerable July on the caP. *“£*£. has not much strength to It at -uon.rnt. We ramiut see n prospect of on ra|]| i (>s 1Pr ^ r <i ' 8- Think market a sale Hchm n big seller of new erop positions; mnrket looks support. * ,-V, 11 eontlnues to hnmmsr the market. 6,w octobS; n s ie ixS. “* ra " rk,,,: ,,,T< ' r,ue Private Wire to Glbert A- Clay. New York, June lX-The prlnelpnl sop rinn't ti. J iil I* covering and attempting to strength Jw‘JAS e “ l, * r ““der the apparent Preeman A Co,, Now Vork. «»y- /The cotton industry of the cop a try Jf.iSi *** congratulated this morning ou t)/' "f James Wilson amt tho prohabls appointment of tilffor.1 Irincbot «• aecretary of ugriruhnre. Plnchot Is Innependcnt, competent and hon Orleans. July 11-Jolj Ibtublatlon appears, at least for the time being, to 811! ™ n **JL r ou r*C- „ Much needed rains have occurred In the Eastern l*lt, nnd ths Wifi hare become more aggressive. Liverpool cables: “Wedk undertone, hard to sell. #~„ 8P Yt- 10 ! tho Jour “ol of Commerce from >> fiftblngton says: “nepreseuUtlves °fi P^oTactartng InjcrcsU nro a good deal —. ■»»|>U4Uurui Ulltd UIB IUUII n their cniuplalnts of tho action of the bureau. Peremptory requests have been mode to members of congress for the transmission to rongresd of detailed data received by tho department" The man shows oxcoodlugly heavy and general rnlns In the Atlantic states. The western and central portions of tho belt are morn or Ira dear with hardly any rainfall. Cooler weather la general throughout. JULY STILL FEATURE OF THE COTTON MARKET was still very much vg lun market, although ther* was after all no very striking feature. Still that month was stronger here and In Now Orleans than In any other. There is said to bo n In rye short Interest In both markets. Needhsa to say. there Is a big short Interest In (he next crop too. But Just at tho moment the attention of the trade la focussed on July. The crop movement at the same time In pretty light and the efflux of cotton to foreign markets pretty large. Bulls lay some stiess on the fact that the govern ment s estimate of the Increase In acreage Is practically 4 por cent Instead of 6.2 per cent os everybody supposed. But this Is scarcely a matter to dwell upon. All the facts nnd circumstances surrounding the case seem to point Inevitably to the con clusion that tho Increase li very much larger than this, and very few are fooled by assertions to the contrary. Whether the big acreage will yield n big crop is another matter, for cotton history shows very dearly that n largo area by no means necessarily Indicates a large yield. The weather, then, is tho thing to watch, L PRICES STRONG CLIQUE BULL TRAD ERS BOUGHT EARLY. Stocks Were in Free Supply and Commission Houses Were Free Sellers. By Private Leased Wire. New York, June 13.—Today's mar ket waa again one where there was lit tle actual newt, a pronounced uncer tainty among the profeislonal traders and In consequence a very Irregular price movement. Two ot three stocks continued to be bought heavily,.but for reasons which seemed to be entirely distinct from considerations governing the general market. The buying of St. Paul, which made the greatest show of strength, was once more a subject of mystery to tlje trading party. The only other stock to show* re sistance was Baltimore and Ohio, hlch. under the same rumors that were mad** use uf yesterday, rose a point and held Its gain. In other quarters the market during the fore noon was heavy and lost ground steadily. Larger blocks were for salo at the declining prices than have ap peared for some time, with special weakness In the Steel shares. Union Pacific, Copper, Reading and Brooklyn Rapid Transit. In tlie stock market Initial prices with comparatively few exceptions, In cluding Amalgamated, which gained 1-8, showed declines. Erie, New York CentraJ, Colorado Fuel and Pennsyl vania railroad started 1-8 lower; Read ing and Brooklyn Rapid Transit, 1-4, and Union Pacific, 1-4 per cent. Thf stock market waa made strong at the opening by jl clique of strong bull traders, but stocks were in free supply, nnd after the early gains near ly everything on the list shaded off from the highest prices of the first few minutes. Commission houses were sellers of stocks. Governments unchanged. Other bonds firm. RANGE OF NEW YORK STOCK MARKET Open’ II Igb j Low.lClose Amalgamated Copper.;.....,.,. Atlantic Const Lltie Amerlcnn Sugar Befitting «.......... Anaconda American Locomotive do preferred American Smelting Beflntng do preferred Atchison do preferred American Cotton Oil Baltimore nnd Ohio Brooklyn Bapbl Transit rnnadlnti Pacific Chicago nnd Northwestern..,. fheunpoak.* ami (Hilo Colomdo Fuel nml iron do preferred................. Central Leather *. Chicago nml (Beat Western Chlc;tgi>, .Milwaukee nml St. Paul....... Delawnre nnd Hudson Hint tiler's Securities *. ; do preferred.. General Electric Illinois ivntrnl American Ice Securities IvouInvIUl* nnd Nashville Mexican Central Missouri Pacific New Vork. Ontario nnd Western Nntlonnl Lead. Northern Purtflc........ .* New York (Vntrnl Norfolk nml Western Pennsylvania People's (Jas Pressed Steel Car do. preferred.... Pacific Mall ltcndin ]cio«e(prev. Bid, j Close I'M*: 198V 107V 107HI WTtt! W4 ... 1.3 in 147 146H H7U nr.* 4 135v n'.\ 267 368 70% 72% rc7V JK*V it.,-, lV,v 147 147 147 13*5 1SS 1*4 269 266 267 73%| 70V 70* i;*« ■■■■K 159% 1&9% 1&9%! 160% 2"iy .>«v :w>| 1*06% -• ‘7 HH ^ B IS 8T £ Bepubllc Steel Hock Island do. preferred United Stntes (lubber do. preferred Southern Pacific..... Southern Railway... Sloss Sheffield 1 Tennessee Coal nnd Iron Texas nml Pacific Union Pacific United States Steel....... do. preferred Vlrglnln Carolina Chemical. do. preferred Western Union Wabash do. preferred Wisconsin Central...., do. preferred 7* K.C* 83% 149% l&0% I 4"% 4<>% 106% 105% tfffl 40% 9%: 1!"% 21$) 20 % TIPS FLASHED From Wall Street PIEDMONT BROKERAGE CO.’8 DAILY COTTON LETTER New Vork. June 13.—COTTON—A lower range for cotton In Liverpool combined with continued small .pot eales here has vaulted a reaction In our markets. NVrv Orleans. Instead of tak ing the lead, declined sharply after tho opening, prlcea breaking 10 points for July, and 4 to 5 for tho now crop posi tions. Report, of rain In portions of Texas, where moat needed, also enus- ed weakness. • The confusing part of this market Is tho fact that tho July option la selling higher than spots In enutheestern Texes It will at least gin the bull, a handle to work-with. The' not likely to bo very .low to aval* themselves of the opnpftnidty should scale develop mnong the shorts on tills ,'■■•,"lilt." Ill i. Clnv. New Orleans. June 13.—Tlmei-Demoerat: Seemingly yesterday's cotton market em phasized the nbsence of design on the July position, the support In evldeueo being sen timental rather thnn ncfunl. Other mar ket. being good enough, lorn! short cover- ' target mouth In the earl s being | helped the teak abort Interest tectlon became anpnrent quite early In'the game. Meanwhile, now crop longs are courage until a crop scare con he (level w, < v t j. du„ nun is loreeasieu l,,r me droughty sections of tha bolt. Active par' tlelnunta In the aperulotlva arena ere few '“cl far between, nnd gradual renllzntlnn fiance In the faces of the glsdlatora of the ring la not Improving the temper of the talent nt alL Straddlers have caught the lauee squarely tn the neck, and July bears and Oototwr bulla cannot look with envy effective qutetua."—War. A L»- G1BERT A. CLAY'S DAILY COTTON LETTER. New Orleans, June It.—Liverpool advices were M the effect that the market', undertone had become very weak and that It was n difficult mat ter to nil cotton. The ,l" lining Mm could, In all probability, be attributed to the very favorable crop report, that continue to be received, and options netted a lots of 5 point* over yester day's close. Spot transaction, .bow ed a healthy Increase, however, amounting to 10,040 bales at 2 point, lower. The July liquidation, whll. not ■o active today as recently, neverthe- continue, to be a tentative In fluence In .upportlng the market. Some aggrcaalvenea. wa* displayed by the Bhort aide lit the earlier trad ing, but the market ofrered so much resistance that bearish tactics were more or leas abandoned, although the heavy ralne In the eastern belt were generally considered beneficial. For the moment, and ponding the final outcome of the July ipecter, the-mar ket may not entirely reflect by price- changes the real character of the weather,' as an influence, neverthe less. it la a weather market, pure and simple, and should no extensive re port. of damage be received In the near future. It la more than likely that some concerted action on the part of the bears will soon be witnessed, a. sentiment Mem. to be growing stronger dally In favor of lower prices. Chicago, June It.—WHEAT mar ket, after opening; as a result of the advance in Liverpool cables, scored quite a fair reaction, due to profit- taking by local long, and refllng br commission hotues. Trad, through- out waa featureless and of professional character. So lon#r a* the ware of pessimism continues to awuap tne country, bullish news, whether real or fictitious, will not only be at an exor bitant pfumlum, but will be manufac tured to suit the bulls, hence It would New Orleans, and It Is Impossible to forecast the price movement with any degree of certainty. We believe that the selling of the October option has been overdone and shorts In this op tion may be In a very uncomfortable position before the movement begins. On weak spots would buy. STOCKS—Trading on a limited scale In the stock market this morning, and Irregularity in prl<e movements. The list showed considerable weakness with tho exception of St. Paul which contln ued to advance, selling at 182, the now high record on this movement. Weak ness In Brooklyn Rapid Transit, and tha Steel Issues, which were Inclined to drag the balance of the market wltl them. After tho noon hour, the mar ket became very dull. Tho advance In St. Paul Is on tho effort of the inside party t<> make tho rights look an at tractive as possible. The reports of the subsidiary companies of Amalgamated Copper make a fine showing, and on any renewal of activity tills htock will Hell much higher. L. J. ANDER80N & CO/8 DAILY MARKET LETTER, - NOW York. June IS.—-A reactionary tendency In the cotton future market today,, aue principally to profit taking and some selling on account of reports of showers In some sections, which have been needing rain. The Liverpool market was about as expected on the opening, with sales of 7,000 bales, but eased off during the session In re- sponBo to the easier fone In our mar ket. Tho markets as a whole have and light offerings. While the bears argue that the excellent condition of the crop will ultimately force prices lower, the bulls on the other hand con tinue to believe In the unusual con sumption and the necessity for all the cotton that can be produced from the present acreage, while experience In the ,000,000 bales Is likely and consequent shortage In supplies dur ing the next twelve months. NEW YORK COFFEE MARKET. The following table gives the opening suil *-loalng quotations Tor coffee for future delivery today In New York* Open. Close. January.; ». .. .. .. .. .. February..-.. .. .... June.. .* *. •» •• m ,i «. i.iJ-Aa awsw ifcBL. September.. .. .. . ... 8J6„ „ E20-6.25 Norarahi-r.. .V ” " II " l£tlt ISS3 bociSbit.. 0554.00 6.454.60 4,'lrewl re.y. GIBERT & CLAY ** *• ALABAMA I STOCKS. BONDS, COTTON, CAIN, corvee. PROVISIONS ATLANTA. BA. fc* Tort Stork Exchange [New Co*.ton Exchange |New » or k Coffee Excbangi MCMSCRS ^gy}gj?gS«^«J , Agfelos crowd, who were on both .ld.« v.w orlrsn. I)o*rl "f Tr.S. i;.l\..ton Cotton f.i-h.afw market in a .mall woj. Tho .lt " nn..,. «tr*t» iiiEicWopi I roMOlns one hanged. Look. *« If in J T.lch.n. 529*. W. R- FAGAN, Manser. were high enough for the presen be a waste of time to refer to true commercial conditions. Only one pos sibility that favors the bulls, that be ing a serious calamity befalling the spring wheat crop, we naturally are In the face of the bearish statistical news, coupled with the optimistic out look from a world point of view, can not consistently advise buying wheat around the present level. CORN started higher on an advance of 7-8d In Liverpool, and on the report of very light acceptances of the coun try here. Receipts were not excessive. Oood buying by locals and prominent operators. The weakness In wheat caused considerable selling by com mission housee, who forced the market to under the previous cloee, but the tone throughout was relatively steady. OATS also started higher with corn, and in a short time advanced a full point over the previous day's close. Profit-taking sales caused a set-back. Continue to advise taking profits, and especially on the hard spots. PROVISIONS---The trade In provis ions today wa* exceedingly dull. Prlcea ruled steady, though fractionally low er. Trade waa confined to the local crowd, who were on both sides of the Private Wire to'Ware & Lolnnd. New York. Juno 13. London a ten dr. Boom traders nre benrlah on peaumlstie crop news and will endom-or to force da rllnes In specialties. Ho not look for much In the way of changes, bat It Is Intlmntcd from n btprli quarter that coppers nnd steels will more active In the near future. United States Steel will lusko a splendid show cf iiiriilnuH for tint pre*»«nt iiunrter. On well developed reactions would favor St. Paul Is noting strong nnd Baltlmo nnd turns weak; also Steel preferred 1 leaver. Strength of 8t. Paul Is firming up bnl* nnee or market. Think any upturns in coppers will carry Smelters with It. Brook* lyn Rapid Transit weakening on talk of reduction In fnre to Coney Island. Summary of yesterday's ntnek market by Dow. Jones & Co.: American stocks In London steady at about parity. Tendency* of exchange makes gold ex port* Improhnhle for a long time to come. Lnrknwnnnit steel orders on hooks June 1 largest In Its history. Steel wire production for May puses all records. Storks plentiful In loan crowd, with some reduetlon In demand for St. Paul. Nineteen rands for first week June show overage gross Increnae lfi.fi!) per cent. £7,iVv».n»0 Irish Istid loan causes %d per cent decline In consols. Cash to tho amount ot 810,804^00 has re turned from Frisco, with 824,850,000 still to crime. Congress cannot adjourn In present cir cumstances before June 28 and piohnl-ly will not adjourn before July J. James J. IIII1 buys a residence la Erst Sixty-fifth street. Twelve Industrials declined .28 per cent. Twenty active railroads declined .23 per cent. Private Wire to Glbert A Clay. • New York, Juno 13.—Marshall, Spader A Co.: "It ts freely stated this morning that Pennsylvania French loan negotiations are still incomplete, though the stock was ad vanced yesterday largely on other infonun- non. Tree advance in nt. Paul Is still at tributed fn the possibility of rights growing out of Its financial negotiations, while lo comotive's strength is due to talk of divi dend and large l>u*Ine*(H nnd earnings. The volume of trading Is too small tn encourage bellof tn public support and most Influences the public mind would act In restriction . t Il4*f4*' Daniel shoul In view of tho domnge to the crops devel oping yesterday afternoon nnd confirmed STOCK SALES. ..292.200 shares ..9D3i010 aha res ..378.PM Sim NOTES ON GRAIN Polntera on Provlalona. i find th. fact that cn.U idTmlum. be overahado opinion, fully die cut ad inner. ) erery bullli 1b»* purchase Corn—Liverpool %,i higher, with specula live offering* tl.rr.* light. while the leather Iiimc oontliiMr* nml imfim-ra hie for rapid growth. The rapid advance yesterday was duo to covering by large short Interests. \Ve run see nothing at tue moment t«> warrant any further advance iu either corn or oats and strongly ndvisa taking profits. A reaction In both is uu questionably overdue. Hays the Cbtea jfli " * U hit IV Record-Herald! Corn mongo nelly outranked nil outer markets In epee- activity nml streugth yesterday. vrsl public took a hand on the buying sldo and competed with local professional spool- for rather scanty offerings all dsj. Among the speculative buyers were her who were covering shorts. Brokers credited with acting for George l'htton time ego. . from top prlcea during the last hour. This was due mainly to less urgent demand from shorts and to some Increase In scattered of ferings. Bullish sentiment ran high. Farm ers woro selling very little corn at country stations. Imt Instead were buying futures here. Meat values scored a moderate nA- a nee. but the market wna poor second to cvrti, for much Htnngth wiim drawn There waa n weak start. Influenced by tho clear weather northwest, easier foreign markets nnd the ratdd progress of harvesting opera* tlons touts*eat. Strong local epeculaute support whs git 'ii the market, however, mi the decline, tlie corn market started ”\ip and thereafter whoat Tub'd fairly strong and acUve._ Gate made almost ae good genet showing. There wras n largo and gonornl trade. Hi which all Interests took part. Tho busheU 1_ ^ v _ yield, was nn Important factor. Its effect to attract general public Interest to tho innrkot. The abort hay crop wr* gt n great dofll of consideration. Provisions were «1 till nnd easier. I he chief depressing Influence was tho Increased run of hog« Watt. July product was woaksr than tuw more distant months. p*» •• ». shares Total ,. 64S.&O0 shares DIVIDEND DECLARED BY PENNSYLVANIA ow York, June 13.—Tho directors of tho Pennsylvania I tall road Company declared a eeml-nnnunl dividend of 3 per Cent, an In crease of 1 por cent por annum. Tho pro- JWM dividend was 5 per cent nnd was paid December last. Tho par value Is $50 a share. Tho Issue amounts to 880,000,0m. alt of which Is Issued and owned by the Penn sylvania Railroad Company. — THE DRY Q00D8 MARKET. S*ew York, June 18.—The dry goods nre on a basis about 3 per cent lower than the price nt which wide shootings have been enlilng. Export trade Is very dull with Chinn nnd Bed Hea ports. Cotton yarns woro firmer. THE LIVE 8T0CK MARKET. By Private Len*fd Wire. and 6c lowrer. Quality fair. Left over, 3. 73fi; bulk, $6.5006.00. i-Satlmatcd receipts for tomorrow, 28.000. Light hogs, $»1.40tf6.60; mixed. S6.40ffi6.05; heavy. $6.3o^fi,®; rough. pigs, i r ».401/0.35; yorkers. 6MUQ 6.67%; good to choice heevr. 66.6UM.08. 157%; good to choice heavy, 56.6506.08, Cattle—Estlamted receipts. I6,ooo. Market steady to 10c higher. ^^Bty fair; beeves. $4.10^6.10; cows. ll.3rvjf4.CI; heifers, 5.400 C.00: calves, $5,000*7.00; good prime steers, l5.2W8fl.10; poor to medium, $4.10ffi$6.20; stockers nml feeders, $1760170. go c since Mar 1 In Knnsas and Oklaht this year tlmt I* not Included In the govern- meat crop reports. Homo of this wheat was sown to replace abandoned winter Fifty rents was paid farmers for corn nt Kankakee nml near by stations yesterday nfteruoon, and a fair amount waa bought. Bjl bids at other points In Illinois were 48ffi49c. The advance also brought larger *n and p I urge a, bn acceptances from Nebraska the corn handlers figured light stocks, there will Im* a plarn for It all. the fanners will soon he unable to do nny henry selling owing to the necessity of activity lu tho fields. 25.000 Whoat. Including nt %c over July In store, 230,000 corn. 415,000 oats, and 6,ooo rye. At the seaboard sales were l&O.OOO oats. Crop reports from Kansas nnd Nebraska were tho most numerous nnd varied, cov ering nil groins. They were good nnd very bad, all depending on the sections covered. This shows tho ©xtremoly spotted tlon of the crop. As to corn. In Kansas It was generally conceded to bo poor. Prorlsllon tradora are buying lard nnd WHEAT OPENED LIVERPOOL RESPONDED TO YESTERDAY’S ADVANCE. Russian Crop Report Unfavorable and Continued Drought in Sections Factors. Dy Private Leased Wire. Chicago, June 13.—New Wheat has com menced tn movo In the southwest. This fact was reflected lu the action of the mar ket, the cloning price being l%c below th© highest notch of the day and 1% off ns com pared with tho resting spot of Tuesday. Longs were good Hellers nml short linos were nut out I lw nlttmtlnu In wheat Is bearish, sod union tho weather •'l$ ngos and becomes unfavorable th<- rang.' of prices will surely seek a lower level, t’onrse grains suffered tmeauss of predt They sold off sharly from of the day. Corn cIomA fer pro- rred. but %c . visions wen* n slifldo fash sales here were Ti.rtiK) bushels wheat, 13ft.noo coin nml 130,000 oats. Primary receipts wheat 2U.000 busheto bushels, compared with sportively a year igp. 215.0>» hushsfs wbeit nnd 3.900 oats. corn 75 »."• Ki.U and 379.0H Clsnranefs were dud flour, 6(1,000 corn CHICAGO QRAtN MARKET. Open. WflBAT— July. . 84% Hept. . 84% Dec. . 84% CURN— July. . 53% : r UAl'A- July. Kept. High- m is m 64S ft 6»>4 61V. 69S 6946 Mt; = 8 €W» 4Mf Hept. 16fl& Lard - July. . 8^2% Hept. . 8.97% < i« i HIDES— July. . 9.3S 9.87% Hept. i 9.28 9.30 Oct. .. 9.07% 9.10% 3.88 9.00 3 97% 981 9.S 9.07% ».7R 9 37% rash Wheat—No. 9 red, 8771K3; No. 3 r*d. IIC40; No: 3 hard winter, A2V/34; No 1 jnrd wlntdf. 784T83; No. 1 northern spring, • iVdW*: N" ' ""iiiirm sprinr, 33%08e; N-j. S spring, 90088. CHICAGO CAR L0T8. Wheat Corn ... Oats ... Hogs .. Todnjr. Tomorrow.. LIVERPOOL GRAIN MARKET. Wheat opened % hlgln-r; IS % higher; elnsed % higher. Corn opened % to % high* % higher; closed ?4 higher. N0RTHWE8T CARS. Following table gives the northw of grain today, last week and Inst will rnsli In the lings before they are well matured, so that the make of lard will bo rodueed, yet of Short ribs Increased Today. Week. Ye Southern millers nre In Oklshomn Texas for the new wheat offerings, uud ut to get fresh supplies. Th© first trodo !w No. 8 red wheat Sheep— Estimated receipts, JS.000. Market I for the new crop was made yesterday. The weak to 10c lower. Quality fair; native, : pufehoso was 2.000 busbols to arrive In 83.40ffid.l6; western, $fa4g06>13; rear lings,‘ ' ' 86.7506.40; lambs, $5 2&U7.10; western $fi 25a 7.10. THE METAL MARKET. By Privnt© Leased Wire. Now York, Juno 18.—In tho metal market trading waa practically at a standstill nnd prides, with tho excep-* tlon of Spolter, woro unchanged. Tne latter was strong at 6 points advance. this morning, as well as today's reported adjournment of congress In July Instead of this month, although wn deem It good policy to prefer tho long side for turns when the standard list weakens In sym- Closing of spreads In wheat between Chi cago and Minneapolis reduced the differ between the two markets yesterday from 1% to l%c. New Orleans, Juno 18.—'Trading In cotton was limited In volume today. Sentiment was strongly bearish nnd under It prices eased off to the extent of IS points for July and $ for the later position before noon, but tho bears Isrked orgnnl/.atlon to carry the dc- • •llni- fin t Imt. The b*dl»f Unit Imi holders of July had let go a part of LOWRY NATIONAL BANK pathy with professional raiding, the con centration or st«'«kH. nnd the moderate floating supply making the market sas-1 ri”r T ~ ibfe to ovrr-Hfdiinir. I their loads on tho recent advancea I caused less confidence among the weaker long following, which resulted . In eonsldernble liquidation. Taken all ' around tho inarkot had few friend* the wonder Is that prices held up CAPITAL, SURPLUS AND PROFITS OVER ONE MILLION DOLLARS Foreign Exchange, Travelers’ Checks, Brown Brothers' Letters of Credit available in all parts of the world. -pa a. Mcvmu, vaauin. *». »»• •*/«••• — Third National Bank Capital Surplus Dr. A. W. Calhoun. Milton Dargao JohaW. (Treat. McCord. . . . . $200,000.00. . . . . $300,000.00. DIRECT6R8 Frank Hawkins. !I. M. Atkinson. Joseph A. McCord. J. II. Nunnally. .1. ( arroll B. B. Itoaaer. Ilavld Woodward. PRIMARY MOVEMENT. The following figures give movement of wncaF nnd c*»rn: Wheat Iterclpts toilay 223,00) week 20,000 bushels, sgaloft K • or i. Ii. week 886.000 last year lay 750.OK) InmiielN; last i, nxn^lnst^^^vj jdii^hsls last ^weefc 96^,(j0>j bushels^ again im«ii SEMI-WEEKLY INTERIOR MOVEMENT ^ ReceiptSfiMfl^ against 23,167 Inst year i Shipments 11.750, agnlnat 33.197 last rear Slid 4.7ir^- *— nnd 37,181 In 1964. No grip la ao hard to shako off so that of early religious convictions —- Maurice Thompson. God's silences may be long, hut they are nover the silences of forgetful ness.—Anon. os well as they did. Crop news could hardly have been better. Heavy rains in the eastern cotton belt effectually put an end to any tales of drought and provided moisture for some tlmo to come. While iffittls renorte were to tho effect that considerable rain fell along the Gulf coast, where It was badly needed. Few bearish report.! con- "ru ing tho crop worn received, nnd It would appear that the conditions sur rounding the crop are as satisfactory as could be expected. Children born In summer ore, gen* ©rally speaking, stronger, healthier and brighter than those born In win* tar. American literature Is found In every Canadian home, wrttee Consul Beyf**rt from Stratford. The village and city libraries nro filled with American books and American periodicals predominate. ew York beats the cities of the world In the length of Its street rail* way tracks. If In one single track, its surface, elevated and iubway systems would extend lu a straight line for 1,- 018 miles. Pungent an«t ncid tastes are per- • • l\ * -l I- f I.*- tit- "f th© tungiji*; tha middle portion tastes nw*«*t* and bit ters, wjlllo the hack, or lower portion, concerns Itself with fatty substances, such us butter. SOUTHERN EXCHANGE Oldest Established Off|r« flmith. CO not- -STOCKS BONDS—SUM Ground Floor Gould Building. Dally and nrket manual L. J. ANDERSON & CO Bankers and Brokers, COTTON, STOCKS, BRAIN Cormponitirt's Capital $290,000 SCrtSCNCC. THE MEAL SANK PHONE I4IV. ©SUOCNTIAL SCO * | A'nvaif nun k *cai and Long Distance Telephone WM. L.* PEEL Presideat. UOBT. F. MADDOX, Vlee-Pre*. TIIOS. J. PEEPLES. Cs.bler. JAM. G. J.liHTKIL Ass t Cashier. MADDOX-RUCKER BANKING CO. CAPITAL SURPLUS AND PROFITS ACCOUNT. INVITED $200,000.00 $500,000.00 We invite accounts of individuals, corporations, bnnks and bankers and offer the beet term-: consistent with conservative banking. In our Savings Department we allow Interest at the Rate of 2 1 «*ent, Compounded Herr.I-Annually * MtW Orleant. WARE A LELAND - - - ~~ ^VISIONS, STOCKS, 1 COTTON, GRAIN, PROVISIONS 8s. 2 Walt St., fitft/i ijiUmt. At MfMIfffi: few fsrl Csffes latha•##. Ire Ode••• Ceffea tuhaigt llurpaol Cettaa Afisrief/e*. rr.'Mte IViref f# few Yark, few Or/eeaf, Chiaga. S*u f 9tse 1242 BONDS, Cklaga Bat'd at Trait. Cattaa Inhatgt B. C CO TUB A A. ktsaaaar. Sttadard Hei PIEDMONT (Incorporated.) BROKERAGE CO.. ent Floor Piedmont Hotel. Baton STOCKS. BONDI, GRAIN, PROVISIONS. INVESTMENTS, Fast Wire Service from New York, New Orleans, Chicago. CORRESPONDENTS M *1. RAGE A CO. 4i BROADWAY. NEW YORK. tow. MOTH, klatagt' ta*at atd Lang Dutamt Balt Pkaaa 1901. B . - / —i.