Newspaper Page Text
THE ATLANTA GEORGIAN.*
TrrsnAT. tune v*. ire.
11
MARKETS
Edited by
JOSEPH B. LIVELY
WERE STRONGEST
SUSTAINED BY BULLISH GOV-
ERNMENT REPORT.
jal^ Was Weak on Liquidation
By Bolls, Closing Sharply
Lower.
[1,,-r-vi! nilrlrM tail mornjng were not
“Inrlnf to th* trade In the Amrrinin
Slrteti onl» In the mntter of epot ulee.
JIl,h.«*re**ted 10,000 Imlee at a dcellne
S i nolnt. Vnturee, however, eloecd from
* polnta. the latter oil near |NMltloua
Tte Influrnro of moat Importance to the
at preaent. however. Is the July alt-
’tK option In both New Orleans and New
, for -"nietMag ton*
wilonnl for quite n while, the InsIderT
[Saine the public to believe that a squme
rf tke aborts would he the flnal outcome;
Sit shorts In that position were nurrir!entl.T
■tmerous to make it pyrotechnic display
letMe before It passed nut.
Ml lasy be possible to accomplish this
Mult In the next few days, liut from Iti
went action It would nppear that the
m July, to n groat extent, hare trani-
Srrrd their contracts to other months or
{T,, closed thefr denis entirely,
julr was weak and under pressure this
■ern'lnf. at one time showing a decline
*1*1 later" months held up remarkably
T ,ll only small declines showlnc lu the
Ktexovernment'e weekly crop and wcath-
r report was hntllsh. showing, as It dhl,
. continuance of the droughty conditions lu
sirti of Texas, while the Atlantic stales
complained of too much rain, which pre-
rrata cultivation, and as a result the Helds
ire becoming grassy.
ir Prlrnle Leased Wire,
w York, June 19.—The feature of the
knl cotton market was eontlnned heavy
amoitre against July under which that
option broke U
Mr. Lively hna edited Markets in Atlanta and the South for more t han twenty-
five years. His experience nmkes him the most reliablo market editor in the
South if not in the entire country.
NEWS AND GOSSIP
Of the Fleecy Staple.
Private Wire to Olhert k Clay.
• N .^. T , #rk, j , . un r U.—Uverpod at 1
was 1 point down on near mont
broke 19 polnta. The longs wore
Of tho drat notice day which will
be around In shout ten daya and were free
sailers. At the end of flfteen minutes,
trade was suit pretty active.
SPOT COTTON MARKET.
Atlanta-Quiet. lMtc.
New York—Quiet. 10,96.
New orleana—Qnlet. 1015-1*.
I.lverpool—Baey,‘9.l0d.~
Augusta—Qnlet, lM4c.
Savannah—Steedy. lOfac.
Norfolk—Qnlet, lie.
RANGE IN NEW YORK COTTON
The following Is the rangt la cotton
Mures In New York today;
Lost Frevtoua
open. High. Low. Sale. Close. Close.
June ,A»1 10.ll 10.41 10.41 10.r
\nv 1019 ft 10 AX-41 i
hec.' -.inis iolii io!» ioia i<m-w it
Jan. .10.40 10.96 10.45 10,45 10.4445 10
Feb 10.4440 1U.53-55
Mrh .11.54 10.01 10.01 10.51 10.5169 10.01-63
Closed barely steady.
RANGE IN NEW ORLEANS COTTON
The following Is
futures in Now Orll—__ .. ..
Last Previous
Open. High. Low. Sale. Close. Cloee.
Ian# 10.75 10.N
July .10.95 11.01 10.55 10.18 10.1748 11.0547
Aug. .10.84 10.61 10.47 10.48 10.44-47 10.4445
8n>t .10.43 10.43 10.42 10.43 10.41-42 10.4340
net. .10.23 10.84 10.34 10.3 10.24-9 10.I5-34
.Not 10.2841 10.844
Per. .10.35 10.9 10.80 10.32 10.3142 10J84
Jan. .10.40 10.45 10iS7 10.87 10.3748 10.44U
Mch 10.4841
t'loaed eteady.
LIVERPOOL COTTON MARKET.
Liverpool, June 18.-12:15 p. in.—8pot cot
ton demand la fair, with prices steady. Mid
dling nplanda. I.ldd. Halea, 10.000; Ameri-
«m. 9.WO. tinecuUtlou and export, 1,000.
Rrolpts, 10,09: American, 2,000.
Futures opened qnlet.
Opening rrerloua
Range. Clot*. Cl
5.84 5.784.78 5.1
IS 1.77-5.78
1.754.74 5.71 5.74
5.004.70 5.444.55 6.044.9
f.434.42 f.684.9 5.43
6.634.43 6.68 6.42
6.04« 6.58 _ 6.42
6.48
5.44
1 to 2 up on distant mouth*.
Look* like Price aelUnf.
.*•*>!••: “Manchester active
and doing a large hualne#*, therefore ex
pect good demand from the trade. Market
J 50 ? 1 * un,1 r i r . ,onr nn,! "OJ favorable
circumstance will cause an advance.
Interest la centered In the July k*.,™-
ment, nud new crop la helug fairly held by
reason of tbe transfers. 7
Norden offering July 1 point unde
ber. Mitchell mid lVursau buying.
New Orleans. J-nw l8.-Uverpool la a
shade better on crop and quite aa
high on fall months as expected. Its ef-
fect on our market should be trifling and
w “* PWbohly Ih* overshadowed by the
conflict between a continuance of liquids*
Journal of Commerce say a: “The price
revisions that are being announced are
making for leas weakness In the market.
At the day a opening announcement* were
made of the lutentlon of some distributors
of wide sheetlnga to bold the prlcea which
hare been preraiiiag on the ground that
they have no goods to sell and lowering
c .* nnot help matters with them.
Although changes have been announced In
standard tickings, several mills will make
no change for the present, their product
being add for a few months, and there
being no difficulty -in disposing of spot
goods. Announcement was made of ad
vances In tome Uncs of bleached sheetings.
Disappointment was expressed among dis
tributors of tome lines of prints because
an expected action looking toward fixing
the season's prices waa not taken during
the day.”
Considerable selling of July on the open
ing weakened the eutlre lilt, bat undertone
now shows some Improvement, aa the
ringside Is working on the supposition that
some discouraging crop report* will soon
be received owing to continued absence of
rain In Texas.
Jan.*
Jonr-July ...
Jnl.v-August .
Aar Sept. ...
fcft.-Oet. ...
Oft. Nov. ...
Sot.Iiw
Pw.-Jsn
Jan.Fob
Fdi. Mnrch ..
Closed easy
5.584.40 6.43
6.41 6.41
TODAY’8 PORT RECEIPT8.
The following table shows receipts at the
todny, compared with the same day
1M4
1*05
Xrw Orleana
LalTPaton
J«Mle
"•»ann«h
charinton
»G!mlnBtnn ,,,,.
Jnrfoik
Baltimore
Beaton
roiladelphls
2118
8063
idl
336
148
: i
394
*H7
2489
It
m
8062
*’44
27
Toul
7490
14440
INTERIOR MOVEMENT.
1904
IMS
fl*nton
3171
2668
A»e»'n
38
:-v*
Meftiphi*
* f Louie
51
■»7
Total
4926
• 39M
v estimated receipts. .
>ew nrleana expects 1,600 to 2.M0 bales,
ifiiT 'r 74 nc tnal I"*' year: flalveaton,
iff 1° 2.W0. against 6,807 actnal laatyear;
{jjastnn. to 800 bides, against 6.417 ac-
last year.
COTTON SEED OIL MARKET,
tn. i“ r *i Jus. lJ.-The market for cot-
S.**l oil was dull and a trifle eerier
"« tho Aetna ml for spot oil for
gfllratlon rather small offering, tondsd to
JJJonro iTlera. Tho tnsrkot at tb« eloee
unrb.nfed to He
lu.
{«»
j«oi<»r „
ES 1 " si
*Y?«l>er mi
°°s-l eteady.
long.
Today - , map shows oxrollont rains In the
ventral portion of tha belt, hut Texas still
remains dry and clear. Tho oastern belt
It cleer and temperature# throughout are
somewhat lower.
null brokers have been free eellers of
July.
Private Wire to Were k Leland.
New York. Jnne 1*.—Cotton opened
heevy. The feature tvna the weeknuss of
July. Commission houses generally hiving
soiling orders, n continuance of the llquldn-
tlon of the peat few day*. The new cfop
wee comparatively eteady.
10.44 for 5,000
8chill I
ding :
i December.
Dsllae. Tex.. Jnne It.—The Dellae-Galves-
ton News' first report ebowe tn Incroaso
In acreage In Toxaa of 9.0 per cent. In
dian Territory 19 per cent and Oklahoma
19.3 per. cent. Condition, as compered
wfth the tame time last year on this bails,
Taxaa, la 1017, Indian Territory 1014 and
Oklahoma KB.1. The crop In weitcni Texas
particularly has. suffered from too much
rain and In aouthcru Texas Is suffering
from drought, liut aa a rule weatber Is
* - ' ' ‘ l of cnltl-
an almoat
tgea reach-
for cotton
dl cleaned.
reported fnvornldo nnd the etate of culti
vation good. Notwithstanding an almost
universal aenrelty of labor and wagea reach
ing np to 91.50 a di —" —
choppers, the fields
WARE <L LELAND'S
DAILY COTTON LETTER.
New York, June X».—Operations In
the cotton market represented a con
tinuation of the trading prominent for
ttsro daya now, namaly, the liquidation
of July and selling of that month by
those who did not deelre to take up the
cotton on delivery day. From the open
ing of the market a stream of July
poured out and the eelllng wae various
ly estimated at from 50,000 to 75,000
balee. Not since the wholesale liquida
tion around Uc has there been any
thing like the eelllng that characterised
trading today, and as a result the
whole market waa unsettled. A pe
culiar feature of the operation waa
enormous purchases of October and
December against sales of July, and
os a result July went to a discount of
several points undsr October .
The weekly weatber report could
hardly be called favorable. Damage
Is uld to have been Inflicted by ex-
ceselve rains In the eastern portion of
the belt, while the drought In Texas la
stated to have assumed eerloys pro
portion*. On the report price* ad
vanced several points, but renewed
liquidation In July started a decline
and the general ton* of the market
was heavy. Conservative operators,
however, see nothing In tha preaent
weather conditions to Induce celling of
the new crops. At the momsnt It con
tinues to be a scalping market
GIBERT A CLAY’s"" —
DAILY COTTON LETTER
New Orleans. June lA-Rarly cables ex-
, reseed complete satisfaction at the ex
cellent trade that Winchester report«1 end
were espectent of s steady end higher
market In conaeqnence, but later In tbe
option! developed considerable week-
m probable heavy liquidation and
closed « to 7 points lower on near poelttone
nnd three polnta lower an the fell months
Hpot sales were lower by 1 point, eel re
KWO bales. The eontlnned heevy idling
of Jnly by the' local bull crowd largely cen
tered the Interact of the trade In that pa-
eltlon, bnt tbe new era, months displayed
eery little If any weakness, owing to the
expressed fair tbit the drongbtft south
western Texan wan rinsing serious delay
In the derelopment of the crop In that sec
tion. The government a weekly weather re
port bore out this rooeern In no uacertal
t ■ i.ji^soJ that ■enarall, mi
AT GENERAL GAINS
SUCCESS OF PENNSYLVANIA
LOAN INFLUENCE
Caused Room Traders to Buy
Stocks All Through the
First Hour.
By Prlrate Leased Wire.
Neir York. June 18.—The tiro develop
ments on which today's market chiefly turn
«d were tht announcement of tbe aucceaa-
ful floating of Pennaylvanla'a Paria loan
and a asnsatlonal decline to tbs aecurltlet
of the city traction merger.
Pennsylvania atock, which closed Inst
night at 128H, went on running sales at the
opening this morning aa high as 131 It waa
evident, however, that-the extreme quota
tlona of tbli rise were due to frightened
covering, pure hate*, and a recoil as violent
almoat aa tha advance followed, r
The general market opened with a rush of
buying all through the Hat, which carried
prlcea up a point or so for the leading Is
But Immediately notice bail to he
taken of the extraordinary weakness In the
Interborougb-tfetropolltau shares.
The common atock, which had held out
stoutly for several days, waa popularly sup
posed that unllmltfd support was to be ex
tended at 60, started out with sales nt 48
to 4SH, and In the next few minutes broke
wide open. By the end of the flrst hour
the common shares were down 7 points and
the preferred nearly 2 from last night's
closing* For « while the rest of the mar
ket wavered under the shock and prlcea
reacted sharply.
Bat there waa good buying power alt
through the list, and by noon sufficient evi
dence had been given that tbe market as a
whole had cut loose from the Interborough
movement.
GOVERNMENT WEEKLY
REPORT ON WEATHER
was abnormally low during the forepart of
* * ‘ *i lu tbe latter pert.
.... the normal. The
nights were too cool. IUInfall under one
Inch occurred over email areas In central,
northwestern end extreme southern coun
ties: none elsewhere, end was deficient
verywhere. A general, soaking rain Is
Alabama (Montgomery)—Moderate temper-
turee and showery weather prevailed. The
rainfall was light to moderate over the
western half of the state and heavy to ex
cessive In eastern counties, breaking the
* >uth which has prevailed In scattered
'Hoot. High triad* accompanied tht
rains In‘totne eastern counties.
Georgia (Atlanta)-The weather was cool.
cloudy nnd disagreeable, and rains were
drflly occurrence In most districts. “
* to 5 d»
mean temperatures were 2 to 6 degrees l»
low normal and the rainfall decidedly ahovi
the average. The rainfall on the 12th, 13th,
15th and l(th waa excessive, total amounta
above 7 tnchea*bring reported from some
stations.
leoulslann (New OrI#ans)-L!gbt showers
occurred In scattered places on two days,
but normal sunshine and dry winds laten-
** * ‘routh generally. The
... re tbe normal la the
southern portion and slightly below In tbe
north.
Hlnleslppl (Vlekebnrs)—During the fore
part of the week nlfhts were cool, and
during the letter pert the detre were hot.
Tho menu temperature was sllihtlr below
normal. Coploue showers fell wrdm sdejr,
except In (be extreme western portion.
Where the rainfall wae light. Tbero wae
much eunehlne.
North Carolina (Balelgh)-The week wo,
generally cloudy, with frequent rains aver
aging three Inches aborn normal.
da
ter.
Ye latter indite t _ __ .
'Bi 4 degrees Ytelow the nnrmal.
Oklahoma and Indian Territory-Ideal bar'
net weather prevailed during the week,
the iky lielng generally clear. Tha aarly
of the week wee c
pnrt
the week
root and the latter
Month Carolina, on eeroont oi frequent sl_
excessive rain; and Tessa snd LonMana.
owing to the more serious aspect that the
drought hex assumed. . CohOAeoce on the
part of those favorable to higher prteee
’LL a. m-.l kn, lief I* dllHMItri# hriVArAP.
In this new phase of the weal
support of consequence la notk-ewu«r ..™.
this source, end It now appears as If the
market would work lower on news of any
favorable character. . , _ _
New York. Jane It.-Ckaries D. Freeman.
In hie circular letter today, says: "In
previous dispatches 1 endeavored to analrie
July position In New York, bnansa-
„ xr&’ei&uBz#a
natural forces wfil make the market sad
KvasM
p&SSf with 'thSJJ 0 "’acSrii^'nm?.” ttot
the cooatry la la reaction from Its extreme
nass-cEssf-iMi ‘.siiMas
the requirements.
the week lielng —, ------—
Booth Carolina (Columlilat-The week we,
generally cloudy with frequent mins. The
precipitation averaged about 4 Inrhes In ox-
cres of the normal. Temperature waa I de
gree* below the normal.
Texas (Oelveetonl-The week wae gener
ally fair and warm. Light scattered ehow-
ers occurred on tbe l2l7i end Mtft, hot the
rainfall waa decidedly dellclent and drouth
In southeastern counllee his hecome verj
serious. Moisture Is nedeed In nearly nl
portions of Teiae.
Tennessee (Neshvlllel-The temperature
areragetl conelderaltly Itelow the nonnal nnd
was unusually lower on the I9th and 14th.
Hhowers recurred from the 15th to llth. but
mostly In the eastern aactlon. the greater
part of western lection* receiving very light
rainfall.
DROUGHT IN TEXAS;
TOO MUCH RAIN IN EAST
New York, Jnne It.—'Die Run
upshot wae a drop In July hare i
Orleana on liquidatin'- —• —
tbe next crop moot!
drons'"
RANGE OF NEW YORK STOCK MARKET
Amalgamated Copper
Atlantic Const Line
American Sugar Iteflulug
Anaconda
American Locomotive.,..
d« preferred
American Smelting Ueflultig
do pr^*
Atchlmm
American Votton OU...T......
do preferred
•hlmin
do preferred
rlfi 5 « ..... s. ...soet.eee e ssewyeeeo
do preferred
Colorado Fuel and ..
Central Leather.*.,k ........
do preferred
Chicago aud Great Western
Chicago, Milwaukee and SL Caul...
Delaware and Uudson
Distiller's Securities..
Brie *
do preferred..,
General Electric.,
IlllnoU Central
American Ico Securities
leoulsvllle ami Nashville
Mexican Central
Missouri Pacific
New York, Ontario and Western...
National Lead
Northern Pacific *
New York Central
Norfolk snd Western
Pennsylvania
People's Gas.
Steel Car
Pacific Mall i....: !
Heading
Republic Steel...
ltock Island .- *
da preferred..
Cnfted States Rubber
do. preferred
Southern Pacific..
Southern Hallway
do. preferred
Hloss-Sheffleld
'ennesscc Coal and Iron
>va* nud Pacific
Union Pacific
United States Steel
da preferred............
Vlrglnla Carollns Chemical
uo. preferred
Western Union
“ 1»
Wisconsin Central....
do. preferred * *
TIPS PLASHED
Pram Wall Street
Private Wire to Ware k Leland.
New York. June 18.-London *4 to % higher
and should create rallies, especially In
Pennsylvania, for official announcement has
I wen made of Its 350,000,000 S64 per cent, loan
*“ •’arts.
ip conditions greatly improved, and
while time mouhy Is held very firm, call and
short time loans not expected to change
A large short Interest exists, hot there are
bints of bear attacks being met with on a
numlier of active atocka. When rallies ap
pear they will b» sharp, and would favor
Steel preferred, Copper, Atchison, Union
’aclflc and other good ‘
rhen depressed.
Summary of yeatarday's atock roarkat by
Dow, Jouei & Co.:
American stocks In LondoQ strong, % to
, per cent above parity.
Pennsylvania placet |S0,000,08) t% pat cent
bonds In Paris.
President II
mlttea agree
■pectlon Dill.
fttrong demand for 8L Paul, Pennsylvania
and Baltimore and Ohio In loan crowd.
week for 1907 delivery sxo
Movement of live atock nnd provisions at
Chicago vary heavy, Indicating no local
trouble from beef exposures yet.
and weather conditions generally
ron an
uslaerod
more favorable.
Twelve Industrials declined .9 per cent.
Private Wire to Olhert A Cley.
The atock mark * *“ “ ~
position uow tech
on favorable terma sbouu
ket at this level.
Would buy §t. Paul on the weak spots for
market,
\ognlati to a mouerata extent the opening™
the French tnnnsy field to us, will be subl
Jected to further bearish operations owing
to the weakened technique pointed out by
us yesterday morning, so that for the pros- 1
cut selling on tbe displays of strength and
buying on tbe raided weaknesa will give tbe
best results to the dally trader, according!
to our calculations, if conservatism Is ctnd
ployed and fair profits taken.
Tb* stock market sold off yesterday nf
ternoon on rumor of failure of -Pennsylva
nia loan In Paris, The loan la officially
announced ns successful, and
some recovery today.
I Marshall, Spader A Co.: Aa waa the easel
yesterday, we bare a steadier market dur
ing tbe earlier trading today, following Im
proved crop coadltfofis ami Indefinite an
nouncements atKnit the Pennsylvania Innn.
but pending other considerations connected
STOCK 8ALE8,
11 •- m shares
12 noon .. .. 603.100 share*
1 P- in.. Tio.ioo shares
W: v. v. v, ;;SIS!
Charlie Jarroth has Just driven up a
noted mountain, Arthur'* Seat, Edin
burgh, In a 22-hora* power motor car,
carrying alx paaaengera. Mr. Jarroth
ascended to a height of 1,400 feet. It
waa tha drat motor ascent of th*
mountain ever made. .
German firm* are unable to dll all
foreign order* for automobllex. Vic*
Conxul Hchlemmer, ' of Mannheim,
writes that th* German motor produc
tion for 1005 wax 510,000,000, th* export
to England and Franc* Increasing 400
per cent.
rouxbt In Texa*
IlHtaalpnl river
nd that today’.
hJT'la eooie respect.
Early price*
government report may
—a of a bullish character,
ere lower on ell months
*• ALABAMA!
GIBERT & CLAY
STOCKS. iONOL
r. COTTON, CKAIN.
coerxe. eaovtetoee
MEMacaai
ATLANTA, OA
which were not 'confirmed. The weather
prediction. Iwllcatcd aw rata tor eoathern
Texas IJvcrpool reported a brisk spot de
mand. the aouthcru .pot markets were gen
erally steady and currant reports state that
the crop la Womlax grama In part* of the
Caroline, nnd morale, owing to continued
wet weather. If laW le a* scare# aa gen
erally reported this may become a rector."—
Olhert A Clay.
New Oricani. Jnne U.—Ttmea Democratt
"Belling July on general prindplee end
buying October on tb; crop newe kept the
relent on tbe edge of expectancy most of
the pemlon and gate reel tone to rcater
day's cotton market. It now toxin* to
8» Wid X& TSS
rjsssz z
evident tkat It le net hr ny meeee Meet-
leas With the CaroilMs admitting crop
da marc of rnaeeqoenc* and south Texas
.till wttbeat xwJi&te. high price Hvem«
are enabled te preach, tbrir creed with
better grace, aad fewer apol»xtra. and many
men hare liegaa te qneetlon the simple
reita They have placed la the bearish new
Sttp Ttet wklct, te a large'extent, te
lhS?b 2‘.y*5fto, t klSratlhlnxa%Stho^
pSaCT-Stt £J«rM «
Keeper,.e^jatre^rem. brerlto
the merkr*' — —
cnq>*'ei^bi >r deuoaKnte7n u mere eeacrete
— • ", late tendency."—
fcjork tterk Exchange |Ncw Mam Cotton gfh,n*c ,'Chlcaio Board ef Trada
York Cotton Excbar.fs. New Orlrsn. Kt'-H HK-asiiV- Liverpool C(rites AmnetanM
*** York Ceffee Exckrn*. i.Vcw Orlcen. Jlosrd ef Trade dmlseetea imttoo Excxaagm
THE METAL MARKET.
By Private Leased Wire.
New York. June It.-An rosier .tendency
Coffee Exchange /:
. prfrata Wire* to all Exchange*.
^ ,e *l sn^ L«*i Dlitinos T*l«pnon« 5284, W.
R. FAGAN, Managsp.
■ wore ■sehasged.
NOTES ON GRAIN
Pointers on Provisions.
Private Wire to Glbert A Clay.
Chicago, June 19.—With th* exception of
s little rain In the Canadian uorthwest
the weather map Is Ideal.
Liverpool pool 94 to Hd lower.
turned sellers.
Considering the severe decline In course
grains yesterday* wheat held relatively
stubborn, due no doubt to the fact that
the 1 tears have been so Imdly whipped of
late that they have not the courage to fol-i
low up an advantage, hence It reqlurrd very
little support on The part of the bulls to
G prevent material decline. Tbe only thing
Biat we can see to auataln values la aome|
serious crop accident,
Chicago Rccord-IIcrald: Rain over Hun
Jay through Nebraska made very week
grain markets. Wheat suffered less than
auythtng else. There was a moderate rash
of selling early by the extreme weakness
shown in corn and oats, but It failed to dls*
lodge any of tho leading hnldsrs, or, lu *
any material numlter of smaller ones. JH
ter the first rush the market became ex
tremely dull and at times acted very weary,
A good portion of the early loss neverthe
leas recovered later. The Improvemedt waa
due entirely
portion of the early loi
ivrred later. The Irapro
rely to covering by seal,.. ■
who were afraid the early selling bud been
overdone.
The breaking of the western drouth made
wild opening market In corn. There waa
selling from all directions* but the aggre
gate was uot too large for the trade to ah
sorb. Nevertheless there was no enthus(-
f the new buyers, nod
only slightly from the
'iRalna in ’Nebraska had the expected ef.
feet on oats. The competition brtwcu sell
era at the start waa so fierce that sales
were Impossible except at a lower range of
prices. Cash grain concerns and larger
lug oi
play
ally
to make
months.
Lard waa under pressure all day from
for quantities of other
... pi — — .
mailer outside purchasers and n few larger
iocal Interests. This finally affected • the
other Items, which had previously been
fairly well supported.
Private Wire to Ware A Iceland.
Chicago, June 19.—The Chicago
Ocean says: Cajh business In Chicai
64,000 were Msnll
Thera waa no business In corn and oats.
Almut May 80, whan Jnly wheat sold In
Ihlcago at l4V4f. Henteuiber In IJverpopl
rna around Ci 7d. Now July wheat la S3c
In It
of Intel
holders of. corn In Illinois and Nebraska.
In the aggregate 1,000,000 bushels corn were
bought In all poeltlous during the dajr. A
Nebraska hous* aald between 500,000 and
operating on thf
400.000 bushels,
through the corn
800.00
year.
Other houses operating
belt bought from 10.000 to
R» r : nd**'70.000,000 bushels wheat Jblt
StvTnMM<C. N.
The crop In NchrasIVMBOTMWOTIII
fully 10 per cent by the drouth, snd I do
not think the rains will help It much. Ir
northern Kansas snd Nebraska It has lined
ed prematurely. Corn la bnckwanl In Rnnl
m Nebraska and Missouri, but In lllluols]
looks all right. Oklahoma has n good
hulbels to tbe acre/
Contract slocks In Chicago:
This La
WmIc
No. 3 hard
No. 3 rail 73.904
No. I northern. MO,149
.to! M.unu
,000 704,000
Iluehenit, of New Harmony, lnd„
nils* from Evansville, says wheat
crop. Ilia manly will raise LOW,,
Sllji C.
l|*I n ||ne erop^n^SntyHHBB
000 huahele axelnet 750,too le.t year.
pork hy link ere.
Wit. U PEEL. President.
ROBT. F. MADDOX. Vies-Pm.
THOS. J. PERPLEX, Caehler.
JAB. G. LEMTER, Ass't Caehler.
MADD0X-RUCKER BANKING CO.
CAPITAL
SURPLUS AND PROFITS
ACCOUNTS INVITED
$200,000.00
$500,000.00
Wo invite accountB of individuals, corporations, banks
and bankers and offer tho best terms consistent with
'conservative banking.
In our Savings Department wa allow Interest st th* Rat* of 11-1 per
cent, Compounded Semi-Annually.
ili
III
HUBBARD BROS & CO.
COTTON
’•5 MERCHANTS
Atlanta Offlcee, 21Y-III Century Building.
Member* New York Cotton Exchange, New Or
leans Cotton Exchange, Liverpool Colton Amo-
i iatlon, Chicago Board of Trade. New York flof-
fee Exchange, New York Produce Exchange.
Buslneex solicited for the above exchanges.
Direct wire service. Correspondence Invited.
Phones 454, Long Diitance 34. A. S. I lustace. Mgr.
NEW YORK COFFEE MARKET.
January
::::::::;; j
ISv.'v".”-."::"::’::':: S:S1:S
SSito,^ r ;. v.:::::: t:S f m
Closed eteady.
Albert & Clay's Grain Letter.
Chicago, June It,—'The trade In
wheel today hx* been rather slow end
featureleM. Prices have ruled come
lower, but considering th* weakneaa
In coarse grain, favorable weather and
the amount of wheat that wax thrown
on the market, the undertone hae dis
played remarkable firmness. The spec
ulative trad* has (vary appearance of
being pretty well evened up and now
seems to be awaiting. further devel
opments. A* w* have had quit* a
setback In the past few days and aa
change In present conditions would
jr the bull* we rather favor the
buying side on abort wheat, believing
a reaction to be more than probable.
Com scored a further decline today,
due to heavy rainfall throughout Mis
souri and Nortlyvaat. Liberal accept
ance* nf overnight bids and further
liquidation on Ih* part of-discouraged
bull*. Home little strength developed
early In th* May future, but as renewed
liquidation set In market Immediately
turned and thereafter rented heavy.
TONE AT OPENING
STEADHN WHEAT
LATER ADVANCED OVER
YESTERDAY'S CLOSE.
On Buying by Several Bull Lead
ers and Commission
Houses.
By Private Leased Wire.
Chlrago, June It.—Tired bull lung*
continued to drop down and out—not
unlike the last rose of summer—leaf by
leaf. The liquidation of long holdings
was kept up steadily during the day
at the expense of prices. There are
still some long lines, however, that the
bears are gunning for. CloMng prices
for the day showed loraes of 1.40S-S0
In wheat, I-4QIC In corn and 7-84#l 1-8
In oat*. Provisions, 1 l-SO10e Tower.
Cash sales were only moderate and
prlcea were lower all around.
Th* world'* visible supply of groin
showed a decrease of 5,300,000 hueheia
for the week, compered with a decrease
ot 5,747,000 a year ago.
Primary receipt* of wheat, 587,000
bushels and corn 1,135,000 bushels,
compared with 343,00S and 944.000
bushels, respectively, a year ago.
Clearance* were 1,100 barrels Hour,
no wheut, 14,000 buahela corn, and no
oats.
CHICAGO GRAIN MARKET.
. Open. High. Low. Cloee. Clo
.. IIRAT—
i,i 8 a-, i!
&* »88 1
July. .40 40U 39«i 39<4 4
** ** ^ T
July. .!4>2tt n.M 18.90 17.00 17.«
H#pt. .14.75 14.75 16.40 1*5.7!
LARD—
iift- m m « :i
HIDBH
July. .8.40
Kept. . 8.9
US ».8 H
8.07H..8.13H 8.07
8.40
1:5*
PRIMARY MOVEMENT.
The follmrina figure* give the primary
inoveinriit «f wfiast nud corn:
Wheat—RwMi.Ih totlny 267.000 Inuthrl*,
agnlust 242,00) fiuiliela laat year; ablpnx'iiin
t«»dny 1,129,000 bushels, ngainat 9(6.000 bush
Corn—Uei'elnta
nK‘*l"Ml 296,000 bushels fnst year; slilii
today 431,000 bu * *
diets
i buahela, affalnat 3(3,000 I
CHICAGO CAR LOTS.
Wheat
Torn ...
Data ...
Iluga ..
LIVERPOOL GRAIN MARKET.
Wheat opened
er: cloaad % to
ran* oi
lower;
4 U lower; 1:3)
* *4 lower.
U>wer: I JO t
p. m., H t*» H
The work of the laat threo yearn In
Germany nnd Frnnce la aatlmateil hy
Profeaeor C’urrle to have yleldod about
pound of radium. America'* $tock
nf radium aalt, reduced to the ttrenjrth
known aa one million, would half fill a
lady'a thimble.
The Germana upend on drink In a
year about $700,000,000, which la three
tlmaa the coat of the army and navy
combined, or aeven time* tho coat of
lirhn-iry ><hi‘ ,itb>n ib*- t ountry, and
almoat equals the national debt.
In corn were responsible for the de-
* line In oata. Outside of thin there mm
Iwaa no feature In the market. On the
decline fair buying developed. A* the
bull* are still In control and aa they
will doubtless support the market «»n
any further recession. It look* aa if oata
Mhould prove a purchase for at Jeaat a
kurn.
Provision*.—The only feature In pro-
visions today has been aelllnff of pork
and buylnir of ribs by foreigners. Mar
ket waa quite heavy early, due to liqui
dation on the part of local crowd. Fair
buying developed, which recovered the
decline and caused the market to rule
lateody, but dull throughout the re«
malnder of the eeaalon.
urea of the dty. Looks as if we have
had sufficient break tor tha preaent.
Oata.—Further liquidation aa result
of Improved conditions and keadnesa
SOUTHERN EXCHANGE
Oldest Established Office South.
COTTON STOCIS BONOS (Mill
Ground Floor Gould Building. Dally
market letter and market manual
n ailed .fi np|
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, BRAIN
Corrasponient’s Capital $250,000
nKSKSIKNCK. THE NEAL BANK
PHONE I4IT. PNUOENTIAL SLOG
ATLANTA NATIONAL BANK
■ ATLANTA OA.
C. E. CURRIER, President. A. E. THORNTON, Vlct-Preildent.
H. T. INMAN, Vice-President. GEO. R. DONOVAN, Caehler.
JAMES 8. FLOYD, Ate’S Caehler.
Capital $500,000.99
Surplus and Undivided Profits $500,000.00
We Solicit Your Patronage.
iiAift, ^rovisJonI,*3tocks?bonds,
COTTON, G
Ha. 2 Wall SI., rahri Balldlaf. Atlaah. 6a.
HtMBUS.
Ham Yark Colltn hthi»gt
New Orlaatt Cattaa ittAaa§t.
llftrpaal Catlaa Atiatlallaa.
rtlrth Wltat la Haw Yark, Haw Otltaat, CUcapa.
Ball Haaa 1242.
Ckltaga Botrj #f Trada.
CkUsaa Stalk htkaaaa.
Nam Yark Cotha fukaaga.
§. C COT HA AH. Maaat
KTro.1
PIEDMONT BROKERAGE CO.,
(Incorporated.) Betement Floor Piedmont Hotel.
•TOCHS, BONDI, GRAIN. PNOVISIONO. INVESTMENT*,
Fast Wire Service from New York, New Orleene, Chicago.
COSNCIPONDKNTi
M. *1. SAGE A CO, 4J BSOAOWAY, NEW YOftOC
TOW HOTlt. Matagar lacal aad Lang DlHaata Ball Hhaaa H8t.