Newspaper Page Text
fluctuations narrow on
VERY LIGHT TRADING.
Nearby Positions in the Liverpool
Market Showed Decided
Strength.
With the exception of tbe strength shown
|b tbe old crop positions In Liverpool this
■rolns the cotton markets were feature-
let*, uuless extreme dullness can be called
Present and past news eats no figure
Is shaping the course of prices, the en
tire r d m m - — jjji| -J
loifrk
•ceouut tUalwIlf be worth'the’while.
Bullish week-end figures are expected.
This Is a known fact, bat Is Ignored on
•ceouut of the cloac ‘ “ * '*
•eir crop, consequent^
Trade conditions are good, which Is also
• known fact, but splnnera Itellere there
.ret enough cotton to come Into sight
to tide them over until new cotton makes
Its appearance, consequent!/ spinners show
an uneasiness.
The advice ot people “who ought
know" to hold cotton fot higher prices,
ind predicting that Improvement was not
only possible, bat highly probable, was
f.H»l advice had not the holders put too
much confidence In the price predicted. A
great man/ well-to-do farmers not only held
on to the cdttonthejr had, but bought more;
and .
their paper coton. Home are still bolding
the actual cotton, which, If sold at all,
will show a corresponding loss.
A New Orleans wire an/a the market
early was the dullest that has beeu.aeeu
lu nil the presefat dull -* * — -
tending neither way.
Spot Is quoted quit. ...
with the demand for the better grades
moderately good.
Net stock of cotton In New Orleans, 46,-
rTo bales, ngalnst 61.092 Inst year. Amount
■in shipboard, 22,609 bales, against 28,266
tout year.
Bombay movement — Receipts, 28,000,
against 41,000 last year and 17.000 In 1904.
shljunents, 20,000, ugainst same last year
and 10.000 In 190l. »
The Interior movement, according to Sec
retary Hester, Is as follows:
Total receipts, Athens and Albany, Oa.,
and Selma. Ala., not Included, 17,47o bales,
against 4S.2S1 last year. Shipments, 23.161
bales. ngnlust 60.191 Inst year. Stocks, 210,-
i. ngahiL
1904 and 2.248 In 1KO.
Ihe movement aluce September 1 has
lw*eu 912,079. agnlnst 10,049,121 last year,
9W?;222 In 1904 and 1,063,916 In 1903.
fnmc into sight for the week, 51,966 bales,
agalnat 117.860 last year, 25,392 In 1904 and
3K.19# in 1903.
Since September 1. 10.686.167 bales, against
12,£5.942 Inst year, 9,792,896 lu 1904 and 10,-
474,676 In 1M.
SPOT COTTON MARKET.
Atlanta—Steady, 1118-16.
New York-Quiet, 10.95.
New f tries ms—Quiet, 1015-16.
Liverpool—Quiet, 6.12d.
Augusta—Firm. 1144*.
Savannah—Quiet, 1044e.
st. Louis—Steady, lie.
RANGE IN NEW YORK COTTON.
1*C ” 10.45 i6!ti 1614* io:« KM7-48
Jan. ..10.63 10.52 10.47
July ..10.69 10.91 10.64 10.90 10.90-91 10.1
Aug .10.68 10.19 10.60 10.55 10.6M6 10.
The following Is tbe range In cotton
futures In New York today:
Last Previous
Open. High. Low. Bale. Close. (Hose.
10.33-35 10.31-34
July ..10.35 10.S7 10.32 10.39 10.35-36 10.23-34
Aug ..10.39 10.42 10.38 10.41 10.41-42 10.88-33
Hep ..19.5 10.42 16.36 10.40 10.39-40 10.84-36
Oct. ..10.38 10.42 10. JS 10.42 10.41-42 20.38-39
10.41-43 10.38-39
10.47-48 16.43-44
10.61 10.61-52 10.47.48
10.61-51 10.47-48
M.-h ..10.67 10.69 10.67 10.69 10.68-60 10.54-56
Closed steadv.
RANGE IN NEW ORLEANS COTTON
The following Is tbe range In cotton
futures In New Orleans today;
Lost Previous
" ‘ “ Close.
10.74
10.86-96
1$ 48-60
.. 10,44-46
10.33 10.16 10.83 10.36 I0.g-I6 10.21-32
f*?. :.'ir>:*r i»:« io:* i«:i» in.* 3 * mSS
'tn. 10.15 10.11 10.45 10.4541 10.41-43
'h ..10.51 10.57 10.54 10.57 10.54-57 10.64-54
floral neatly.
LIVERPOOL COTTON MARKET.
t.lr.rpoil, Jon* 22.—1J:1S p. m.-Spot co
ton qnlnt, with prtrM unchanged. HlddHi,.
•Plain!*. 6.13d. Bala*. 7,000jAm*rtc*n, WOiK
(peculation and export, 7,000. Receipts, J,
»i; American, 3,000.
Ititure, opened quiet.
Opening Prerlons
italic-. Cloee. Close.
in. c.mIm i.n 5.03
6.83 5.15 6.00
5.70-5.10 6.11 5.70
is W
tM w !&.<
Private Wire to Ware & Leland.
Liverpool affected favorably by rains, not
confirmed, and developing strength in near
futures.
reekly weather review:
been dry, with jeeaoo-
In our territory, com-
I-e#ser-Goldmnn's
This past week lin
iw warm wraths. ... v .„
prising aoutbern Missouri, Arkausas and
northern portion of Indian Territory, and
the cotton crop hnB continued to develop In
a very satisfactory manner. High water In
the Arkansan river, mused by heavy rains
In Ita tipper coarse, iltd not do any damage,
and reports from that section of tbe state
describe the crop os being In better shajMS
than It has been for several years past.
Bouihern Arkansas had some little mois
ture, bat a good, aoakihg rain would be
welcome now In -that region. Elsewhere
the dry weather has not done any harm
«« vet, and has been very helpful to those
sections where grassy fields had been the
complaint Inst week. We can only report
what we said In our previous letter: 80
far, oil over the territory, prospects are
gi^od for an abundant cr«pj
tar no nuun-n nr<- cuucrriiru, uui
ot sales of only 7.000 bales are not favor-
ile. Futures were due 1 up on New Or
leans and unchanged to l up on New York.
Private Wire to Glbert £ Clay.
New York, Jane 22.—Liverpool at 12:10 p.
m. wai 1 and 2 higher, which Is about aa
expected.
The Journal of Commerce says: Nothing
ransptred to Induce buyers to purchase
any more than they have been doing for
some days past. The finer lines of staple
cotton goods show advances, and the prin
cipal buying done Is for delivery forward
from January, Few mills hare goods for
aale for delivery l>efore that time. The
wage concession or restoration reported
from Fall River had little effect in the
to 2 points higher. Spot' Mies, white
for the time of year, are not up to recent
takings.
Market Is steady, with upward tendency,
owing to continued lack of ratna In Texas
nml other portions of the belt where they
„ crop report covering southeast Mis
souri. ArkanMs and northern portion of
Indian Terrltonr says the crop has eon-
tinned to develop In n very satisfactory
manner. Ho far prospects are good for an
abundant crop.
GIBERT & CLAY’S
DAILY COTTON LETTER
New Orleans, June 21—Foreign news was
•arcer today nnd furnished no Insight Into
tho-enuses affecting prices in today's sasslon
In Liverpool. Insofar as the old crop
months are concerned, however, there are
* - itlor ^ “
SLIGHTLY LOWER
DECLINES NOT REGARDED
AS IMPORTANT.
Soon Evident Bear Pressure Was
Not To Be Immediately
Relaxed.
By Private Leased Wire.
New York, June 22.—Today's early mar
ket was distinctly more steady than yes-
the significance of the week's developments
In the steel trade, nml the opinion was In
clined to regard them more lightly than
"JtH Mi, rnse .lesterdiiy. N<»thli
In such matins matters ns foreign exchange
or money to affect operations in securities
one way or tho other. The Ieondon market,
reflecting the disappointment In oar deal
tngs of yesterday. Bent In lower prices for
the American list. But the trnnuaetlnn* of
h again wero on a highly
were guided chiefly by
"-ii* exlstb — **■“
nical position. Tho Idea . _
demonstration against prices waa tha work
of a l»car i*rty very largely led a certain
section of the professional traders to boy
"for a turn" on the . long side. For the
.R-n.-a V#r-
__ _ 11 the
preceding days. On the other haud. press
ure was renewed In tho early dealings
against Pennsylvania.
Copper ami Smelters and Rending made
notable prrwrress. There waa little net
change at the end of the morning.
The market waa subject to pressure of
Ixwrlsb opinion from leading houses who
were sellers of Hteel common and man r
other Issues at the opening, and all througl
the first hour room traders and a nuntlwr
of outside operators were fall*
era, nnd twtees In the early
tallied moderate declines. Importance waa
attached to tbe continued supply of Copper,
apparently from Inside sources, that carried
the price of that stock down from lOItt to
1IUI4. Conservative brokers said too mash
short stock was put out In the last two
days, and It Will not be anrprtal
market .Is. toon found to bo-uenv;
Governments unchanged. Other bonds are
generally lower.
STOCK SALES.
11 a.tn. .
12 noon
1 p.m.
2 p.m. ..
ATLANTA MARKETS.
not on absolute necessity]
The market’s undertone has been consIder-L
ably strengthened In consequence, and the
continued not weather and long protracted
drought Is Increasing dally tbe tension
which now exists. Prices, In consequence,
Ihave apparently an upward tendency, but
absolutely no effort Is lain—
July-August
Aug.-Kept,
sept. Oct. .
Oct.-Nov. .
Xov.-bec. .
bec.-Jan. ,
Jsn.-Feb. .
Feh.-March
5.56-5.69 6.69-5.60
• losing—Old crop firm, new crop quiet.
TODAY’S PORT RECEIPTS.
The following table shows receipts at the
Porta today, compared with tbe same day
«»t year: .
Mobil# „
etrannah
Chnrleaton .........
Wilmington ... ... .
MSSV
rtf-
4*5
INTERIOR MOVEMENT.
be received In anfflrient'number* to aeare
the nior. unstable element of tho large .hort
Inti-mt Into covering. It I. entirely n
weather markrt unit other Inllnenre. flint
arlM are flowed with ImllfTerenea and are
allowed to paaa without aHootln, the ul
timate tendency of market pricea.
the
.... an early adjournment of rongTrea
and the auapen.lon of hrartuaa before thu
Interatnte commerce commlaaloii there la
likely- to lie no Important action on the re
port of the eomralaalon until fall. Tfala np-
nllea to the Kaitern hltuntlnoua coal lore.
tlgatlon. It la not considered prohaltlr that
the president will art Independently of
inch matt.ra, except In extreme raaea, or
under aonte new ilevelopmenta. Tha nar
future of tho market mny lie fnrnrnhly In-
dnruAd hy there ronalderatlona, hut prob
ably not to tbe extent of Inviting wide
P ^fhere ,U |a ll no , t enough flexibility In aup-
K ' i of money. notwTthitaudlng the wider
for American eecnrttlen otiened up In
the French mnrketa. end tbe narrow ro
ar rve held by the Sew York lianka In aur-
plua, with near-by preparation, for flaeal
year aettlrmrnla. would naturally enure a
eonaervatlve attitude ou the iiatt of flnan-
elal Inat 11utIona. The market la gradually
ahaplnr ttaelf for a lietter exhllilllon of
atrengtb. bnt there la aa yet no rrldrnee
that an upward movement would be encour
aged by the hnnktng Intereata.
WARE * LELAND'S .
DAILY COTTON LETTER
Now Orlenna, June »-Tbe only feature
apot demand, which mmtnt tb»« Jl*
rata were tilling Ihelr neada. Early In the
day It waa rumored that aa, oftbelargeat
flrmi In the bnglneaa hud lewght 1.0M lirlea
from a prominent f. o. l>. boose, and later
aalea seemed to Juntlfif tbe belief In total
aalea of about J.H0 balm up to 1 o'clock.
Neither profraalonnla nor ontaldera took
any Interest In the future market. I hirer
hardly fluctuated. _
The flmt of the week-end flgnrra came In
ImUtah, and tha promlae war for a bulllah
vlilblr anpply afktement However, It will
taka mote than a bulllah vlalble anpply
autemant to arotma the trade , from If.
apathy. At the aame time. If the vltlblr
anpply keepa on akrtnklng tbe way It baa
of fate awl crop report* continue to grow
unfkroral/le. the bull* way ultimately get
tbe large abort Intereat on thai rua.
Now York. June 32.—Following
moderate waakneaa In the atock mar
ket thla morning, which converted the
laat bull Into a bear, a abort covering
movement occurred In the afternoon,
aeemtngly predicated upon never*! fa
vorable feature*—namely, reported ad
journment of congree* next week and
a rumor of tho conclusion of tho fa-
rnoua ore deal. Moat of the buying
anneari to be for short account, but
It was apparent that liquidation had,
for the time, run lu coarse, and the
market, following'the natural laws of
reaction, turned upward with only a
limited supply of stock encountered.
•a C. ALABAMA ST.
GIBERT & CLAY
STOCK*. aONDJ.
COTTON. CRAIN.
ATLANTA. OA,
corrcc. provision*
ICHBEKSi
FRUITS AND PRODUCE.
Officially corrected by Atlauta Fruit and
'roduce exchange.
Lemons 86.50 - to $5.75.
Limes 75 to (1.
Pineapple* $2.t>0 to 13.60, market at present
time well stocked. . ^
Itnnanas. straights, per hnnrh $1.67 to
$1.75. Culls, per hunch, $1 to $1.25.
Strawberries, Georgia . atock. 24-quart
crates^ H.60 to $2; Tennessee $1 to $1.60
^Watermelons, $16.00 to-$30.00 per 100; do-
"pollf-TIlV AND rOUNTRY PRODOCB.-
1,1 va bans S5 tn J7Vic; fHaa 23M to 25c:
hrollar* 15 fo 22i4e. ijve duck*, Pekin W
to tec; puddle 25 to 27He.
Dressed bens, per lb., 12c to lie; dressed
tnrtcys, per lb., ljo to 14c; very doll.
Eggs, per doxen, 17V4 to 18c.
Butter, table, per Id.. 20 to 22Hc; cook«
Ing. per lb.. 12He to l^c.
Honey—New h$10c lb.; In 1-lb. racks 10
®vkonTABI.Efl.-!rlah potatoM. No. *
atock 84.00 barrel: No. 2. stock M.00 to f4.
Heats, cabbage crates, per crate 13.35 to
"Tomatoes, par crate. 83 to I2.M.
Ilcana, green, per crate, 81 to 91.26; wax
50 to 75e.
fjquaab. yellow, 81 to 81.35; whit* 75c
to 81: market overstocked ..
Corn, new, 15 to 20c per doxen.
Okra, per crate, 81.50 to 12.
Cucumbera. per crate, 50 to 75c, market
well stocked.
I-caches, per crate, 81-35 to 81.(0.
Old Irish potato**, per buakcl, 81.80.
Hwret polatoea, per huahcl, 81 lo 81.85.
spinach 81 l>er buahel.
rbcrrtca, 34-quart crate, $2.&i to SI
rantnloupcs, pc’* emte, $2 to 82.60.
Itlnckbcrrlcs 19 tw !2Hc qunrt.
Dcwt^rrlcs 10 to izvi#- quart.
FLOUR, GRAIN, PROVI8ION8.
FLOUR.—Poatata Klcgant $6.35; Diamond
patent $*i: fancy patent $-'».lo; half patent
$4.10 to $4.25; fancy $3,90' spring wheat
patent $6.6006. Marltat strong.
COR.V—Choice rwl cob 76c; No. 2 Whits
74c; No. 2_yallow 73c; nlxad 72c.
OATH.—Choice white clipped 61c; choice
white Me; choice mixed tic.
ifAY.—Timothy, cholco Inrec bale. 81.801
clover mixed 81.05; do., No. 2 closed mixed
®t71A)VER,—Choice »0c.
Tha above prices ore f. o. b. Atlanta, and
subject to Immediate acceptance.
GROCERIES.
SUGAR.-RUudard granulated 5c. New
York Ilrflncd Pi to 4‘fc; ptantatlous 4 to 4Hc.
*OFFEt°-Ko*4ted Arburkla'a ltf.50;
bulk. In l*(u of barrels, 12V--; green 10 to
12c. Mark-t weak.
ItlOK.—t.'orollna 4Vk to THc, according to
grade. Market rery atrong.
CIIEESE—Faurnr full cream dairy. 14c;
& ^.^6o7.t“^s!”«a
IV4c. ftspreme Isrd 10. Snow Drift com
pound 7H.
Amalgamated Copper
Atlantic Coaat Uo*
American Sugar Refining •
American Locomotive..'.
do preferred
American Hmeltlng Refining
do preferred
▲tchtaon
do preferred
llrooklyn Rapid Transit
Canadian Pacific
Chicago and Northwestern.....
Chesapeake aud Ohio
Colorado Fuel nnd Iron.....
Central Leather
do preferred
Chicago and Great western
Chicago, Milwaukee and St. Paul
Delaware nnd Hudson
Distiller’s Securities .........
Erie
do preferred
General Electric
Illinois Central
LoulsvIUs and Nnahville
Mexican Central
Missouri Pacific...
New York. Ontario and Western
National Lead
Northern Pacific..
New York Central a..
Norfolk and Western
Pennsylvania
sople'a Gas
ressed 8teeL
•lo. preferred
— Mall
Republic
do. preferred
United States Rubber
do. preferred
Southern Pacific.,..,
Southern Railway
Texas nnd Pacific..._J9H909MHHI9HL
Union Pacific
United State# Steel
do. preferred.
Virgin In-Carol lna Chemical
do. preferred
Western Union
Wabash *
do. preferred.....
Wisconsin Central
do. preferred
TIPS FLASHED
From Wall Street
Private Wire to Ware £ Lelaad.
Ixmdon heavy on Americana; general
market Irregular and unsettled.
President Gory says the question of n
new bond lsnne by United States Steel will
not come up this year.
Leading houses do not confirm unsettled
condition# In Iron nml stel trade, but late
selling of United States Steel in believed
to have been for Insiders. Helling opera-
pro*
tlona likely to ho continued,
ununred declines will doubtless meet with
a sharp chock, a ml It In i tutilhl* ngercssire
buying may be encountered In Steels, Cop-
pern. St. Paul. Union nnd other active
•tocks. tree liquidation will tone up the
market considerably.
The cut fn Iron pricea nnd narrowness of
market should make for unsettled condition,
and we expect somewhat lower prices for
next few days.
Professionals selling stocks on advices
from Washington that the "trust busters"
will announce some Important moves today.
Summary of yesterday's stock market by
Dow, Jones £ Co.:
American stocks In London heavy, mostly
% to H above parity.
General market In London Irregular and
Principal short Interest fn Baltimore sod
..hlo due to sales against new stock not a
good delivery for three months.
Present selling price of Inter-MetropoU*
in 4Vfc’a represents a 60-point decline In
Interborough atock.
Western roads show noticeable decline In
general bnslnesa since June 1, and espc-
dally since June 10.
Twenty-three roads for second week of
Pennsylvania's loan In Paris la the prin
clpal source'of weakness In exchange, but
no neceslty exists for gold Imports.
Receiver of Cincinnati, Hamilton and
Dayton and Pore Marquette denlee that
there I# any deal for dissolution of rocelver-
ship and sale to other roads.
Twelve Industrials declined 1.45 nor cent.
^Twenty active railroads declined 1.30 per
..New York, June 22.-Dnnlel -
We would buy standard selected stocks
neftr the opening or on any weakness today.
Sentiment Is extremely coufuaed and can
not be depended on now as a rule. Either
the stel trade 1# starting on a decline or
something has been banging over ths mar
ket. That therefore appears to he that the
congress Is atltl tha vital point, with other
features of nil adverso fancy only trailers,
such as the crops, steel rato cutting. Russian
troubles and money flurries, nltjimigh thn
money situation seem# greatly Improved
nnd gold Imports probable and a good hank
statement prospect for tomorrow holding
great |>oastfiUltrea of short covering tod
Unless there Is going to be a derllne
general buslneaa we cannot see why the
atock marker, which Is weekly becoming
more attractive to Investors, should enter
bear campaign.
MODERN MILLER’8 CROP REPORT.
Chicago, June ,22.—The winter wheat bar
yeat Is progressing with little Interruption
from unfavorable weather. Where threshing
la completed or going ou the returns are
abbve expectation#. The fine character of
the, wheat la especially commented upon,
tha tost weight being heavy and milling
quality equal to laat year'a crop. Itslns
relieved drouth In Nebraska nml northern
Kansas, but crop conditions In that locality
are regarded ns unsatisfactory.
COTTON 8EED OIL.
Opel
Sly* .7* *.7 .71 III V.'.teH
UrSS*
Dsrarol .
•CloMd ittsdjr
THE METAL MARKET.
By Private I*eesed Wire. .
New York, June 23-For tbe first time
In many weeks a change was shown In
copper, all grade# of which were reduced
from tt to Sic. The export business, how
ever, continue# good.
Tin waa atrong at nearly %c advance In
•pot and nearby deliveries. Other com
modi tie# were unchanged.
Private Wire to Albert £ Hay.
Chicago, June 21-Judglng from
preaent conditions of the anpply and de
mand and following former speculative
looks high,
new
tho
precedent!* the price of wheat looks |
Rut tbe fact Is, we are establishing
precedents, we are not able to aell
farmer*' •crops In advance for him.
have had
\v,
arge winter wheat crap
movement irrespective of price. The epee
ulatlve temper la much more acnsltlvo U
unfavorable rather than favorable cond$
tlons, has been evidenced the past two
duya. The trade Is broader. We betleyfe
the long side will be much the safer until
tho spring crop la assured.
Wheat opened a shade firmer with Knre-
laud sad Like baying and Logan and
Comstock selling. Cables are unexpectedly
higher on Improved demand for curgin* off
coaat and ou light Argentine shipments.
Weather northwest continues cold. Indi
cation* are for continued cold aud ahowera
tomorrow.
Onts-Trado limited and mainly local and
professional. Market steady.
^ ».._k .._u t fle ,
cablet and'the larger I'
Valentine Just bought 309,000 July wheat,
Minneapolis wires: "Cloudy and cool over
the northwest and Canada. Home trace of
rain. No complaints regarding craps of seri
ous nature. l*ow Is mis tint doing well,
there will lie constant unfavorable re-
- - - C || ( .
"Wheat harvest commenced: quality ex
cellent; yield will be about the average."
Chicago,
.j wheat
evidently
In, wheat ^jnat Jiefore tho dose, yesterday,
B n« J
- Inking that It wonld bring w«*ak
cables. On the contrary, cabJi g|
Offering# of new wheat are vi
think everything point# to a
market and advise our friends to buy some
wheat. |
terday. * Hangs around present pricea
til late In tha day, then goes down.
selling by local tonga
out last night. Rust
market aud should advance It aume.
_ Borne
has taken du B ;;
Comstock and Logan fair sellera of wheat,
lartlett, Frasier £ Co. and Valentino beat
uyera. Kneeland baa bought 409,009 Hup
tember wfirst.
STOCKS REVIEWED
BY NEW YORK SUN
LOWRY NATIONAL BANK
CAPITAL, SURPLUS AND PROFITS
OVER ONE MILLION DOLLARS
Foreign Exchange, Travelers’ Checks, Brown
Brothers’ Letters of Credit available in all parts
of the world.
NEW YORK COFFEE MARKET.
Minty todrjr I* N.w York:
Optalnc.
Raw*.
Jaaiurr HH-S
S%?7:::::: :::: $&S
tCv::::::::::::
Jin, MM.05
Juljr..
December.. .
Clorad itMdjr.
iP
6.154.20 j
6.2)4.30 ■
6.39-6.35
6.494.41
i&S
Frank Hawkins,
Brwln. AssL Casbter.
n. W. H/ei
>ers. Asst. Cashier.
Third National Bank
Capital
Surplus
$200,000.00.
$300,000.00.
DIRECTORS:
Frank Hawkloa.
If. V. Atkinson.
Joseph A. McCord.
J. II. Naonally.
J. Carroll Payne.
E. D. Boeser.
David Woodward.
New York, Jnna 21—The New York Hun
ays: The action «»f tbe market proved
.ratty clearly that there has been a I tear
clique at work endeavoring to bring about
lower prices and force llnuldotlou. Tin
Utonce of Niich a clique Its# for some
bcoii suspected, bnt that It has aclil
— Important measure of success ot
llm- -• • in « \ ■ <1 1 *ii 1 ■ i f mI I Im* ii
Ing here did not com# up to Loudon (n
win.• of tin* nrilve l#«uc#. notably Haiti
morn nnd Ohio, from, which the start wni
affected by realising sales for the account
of speculative Interest# which had bo
Hc\.-rnl p..lnm hm. r d«o\ n In tin* I - II. f Him I
even If no increase were made In the dlvt
dead rate the #tock was not particular!)
dear /it the level price# then ruling. Bnsf-
ne«a pad not l*cen In progress more than a
few minute* when l olled Htales Hteel
yielded to pressure and the decline In tlx
stock had the effect of unsettling tbe en
tire market. The selling was ostensibly
ha sod on the shading of price# for fotu *
Iron by Bouthefn concerns and on tin
viral of rumors that ths corporation I
would soon authorise an Isauu of $&o,ooo.O»
bonds for construction purposes. The tat
fer rumor has become ntdto tamUlsr io I lie
street, but tha hHh-f In good quarters Is
that for the pre*cnt the «ompnny will mn-
Unite to carry on Its betterment work by
Mi-- ;i|.|.ll. iitl.m .-f Hinpli.s • • 11 j 1111 u’ - f.-i I In* t
psrpos# and that tbe raising of new money
tbrotigb tbe Inane of securities In any form
Is not Imminent.—Glbart £ Flay.
RAINS WERE VERY LIGHT
IN DROUOHTY DISTRICT
bail » Kiin.wbat di'iir.Mln, .
Ill* fact ***>in* Io Im- Hi ii H,,ulb*rn Ti-...
w*a aearc.ly lom-h*-! lir lb* rnln T»i«*
*nd I*nil*l»n* war* liotb -It- ami bni. Ar-
hanaaa, bow*r*r, kad l»u--flrlal abowrra.
l,lrrr|KH>l waa a lltll* dlaapixilntln,. bow-
er.r, and tana room (rn-b-r, mn more dla-
,»>•.-.( to *, II, r*r It waa not alt-olb-r pt.ln
Mlllnx for a war. Hoot artlrtir rontln-i*.
In l.lv.rpool. float* ll.»» liajoa want *old
bi-r*. No rain waa pri-dli-tod for tb* w*at-
*rn hall, and *o far aa ran b* lanrnad -mly
Habt ibowar. fall anrwbara In Taxa*.
»famira. Mri'n-blm, Kabul, law, tlwathmrj
and W*M ware liuran, and tha aalllnc
waa *a*ttare<l. Naw orlaam hqnxkt and
IJraritool aold. Tb* adranoa In wax*, at
Iran Illrar dlatiiot look* aa If Ik* rondltlon
of trail* at that point ,wn* anrouradnir.
wbatarar aotaa of tha baar* may aar to
tha aontrary. That tb*, are food In l.an-
raahlro I* a fact WyniHl dl.|>iila. Tb*
■ la larfajy a woalhar nffalr.
rn Tax
m*rk*t bar*
lint nnlaaa Motilbarn Taxaa aal* mod rain,
tha^tandamjr of prka* wilt lia upward. —
rrat aaya: "Homo furtbar
WAS RATHER LIGHT
TONE STEADY AND FIRM AT
OPENING.
Started a Fraction up with Com
mission Houses Fairly
Good Buyers.
the
nany
By Private Leaned Wire.
Chlcaffn, June 88.—It waa a b*ar daf
in roam jcrnln*. and after flqhtlnc
peratatently for hour* tha bulla war*
mad. to tak, a back -ent In the tv heat
pit. Tha Modern Millar’* report over
balanced all el*e In the way of newe.
It told ot the excellent quality
tvheat now being threahed a ml
yield exceeding expectation* In
Instance*. The black ruat r
that were eent tn TIlfllfldAy, and reit
erated, were contradicted by fond un-
thorltlea In tho county rondlng the
damage newe.
Wheat cloaed unclmnfcd to l-sfl 1
I-4o lower, corn 1-463-tc off, oata 1-*
Ot -2c lower and p%ivls|ons Sdr.tOc «»ff.
Cash salea 8,00<J whent, 50,000 corn
and 65.000 Primary receipts,
wheat 294,000 and com 671,000, against
282,000 and 681,000 respectively it year
ago.
Clearancea, 51,000 barrels flour, no
wheat; 105,000 bushels com and 155,-
000 oats. .
CHICAGO GRAIN MARKET.
The Chicago grain market ranged an
Iti 7* Mg:
Dec.,
Ct’iltN-
&:■ g
OATH—
July. . 39
fe.: W
-ORK-
July. .17.10
"ot. .16.65
LABD-
July. . 8.66
•!«
ntiDMLr*
July. . 9.17*4
Kept. .9.10
m
II
i.«
9.25
9.15
1.9714
no. v4ot6cj So.
8 do, Taeisjc: No. ; northr
No. 2 do. OG66e; No. 3
Wheat ,
‘urn
nuts
Hogs ..
LIVERPOOL GRAIN MARKET.
Wheat opencil aachanged: 1J0 p.m. *
higher: closed 14c to %c hlflM
N0RTHWE8T CARS.
rdbiwlni: ( m I • I * * thf nnrtnwcsf cr
of gralu today* last week aud last year
I all A* I.#
Toil#/. Week. Yci
llncnpolla ... 190 15 14
hilutb 36 34 3
PRIMARY MOVEMENT.
Tho following figure* giro tho pi
ruotf-nient of wheat nnd corn:
Wheat—Receipt# today, 294,
agnlnat 332.000 hnshels Inat y#or
‘ | day. 16.3W buabata, ngnln
t'lmkels,
fjfc
000 tiuahela laat yeo
Conk—Receipts
U 1,000 hi
oday. 4i7,«o
els lost year.
today, 671.000
usbels last year:
ngalnst ,367
BRADSTREET’8 EXPORTS.
The fallowing flgu
Bradatreefa esport •
■ Wheat and IkMi
ret give the weekly
•n grain: _
■lay. r.76l.»M bushels
ds last year; In J99I,
A euro for eeaslckne##. which a Gor
lin doctor says he has discovered,
consists In tho sufferer lying on his
hack nnd having handkerchiefs soaked
In hot water twisted very tightly round
his forehead.
sad many men btllevo It will show i
Top deterioratioD during June." Wa
•land.
selling. ■ufaiularafl hy tb* nil* mark a on
tka Taxaa waalbar map, ata.nl nIT .lafua-
lion, bat l*ft tb* talast aona Iba laaa c
tlona anfl tha public aa unroncaniail
before. Heavy auot aalea at Haw Y.
anil contlnuiit activity In the artnal cot
tjon, bot^left the talest aona the laeeraa
and nintlnoMl'actfrlty In tha artnal rotloo
dlvlaloe at Urcrpool itta
fllaappolntmcnt larotrcl
Tha ontleuk. however, baa uaderfoue ns ■
chaaga. Crop waalbar la xorel ruoneb.
bat no b*tt*r than It abonlfl hr. Hi-
Taxaa droafbt baa hrru broken In lwlala<l
root a only. Coeaaaiptlon routlnoe* at the
llrrly pare. The puWlr la Dot at all coa-
>raM with the altaalion and profrailonnl.
'a.rally bar* tired of the eat d»<’
proeran.. roc the moment, the fame la not
worth the candle, and valaable opinion, br
ing circamacrllMMl by the obrlon*. la necc*.
aarlly limited tn rage a ad amnawhat trtta
obaarvatlon* which evary one readily l.c
llevca. but no one longer care, to beer
SOUTHERN EXCHANGE
Oldcat E.tabll.had Office Routh.
COTTON STOCKS BOROS OUIR
Ground Floor Gould Building. Dally
market letter and market manual
mailed on application.
i report.
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, 6RAIN
Correspondent'! Capital $250,000
SCFKSKNCt, THE NEAL BANS
PHONIC MIT. PSUDENTIALBLOC
There woe some very food buying In
specialties end these gave the Initial
strength to the general active Hat. We
do not gee anything to bring about a
bear campaign If theeateel trade end
general business not on tb* down
grade and the highest Wall street and
trade circles are authorities for tha
statement that no signs of this kind
•re In flibb Remain In the ceweomx-
tlve trading position for the present.
ESTIMATED RECEIPTS.
WM. L PKKI- Prraldeat.
ROBT. r. 88ADPOX. Vice.Free
&«?<!&£ SKsgs naT&i
- 7 ,i ,-.,4 feicbaale n ■ -:V.-t"'X
Lscal end Long Dl.UnoITelephone 52SS. W. R. FAGAN, Man.fl.r. „ ,-.r.
MADD0X-RUCKER BANKING CO.
CAPITAL $200,000.00
SURPLUS AND PROFITS .... $500,000.00
ACCOUNTS INVITED
We invite acooonU of individuals, corporations, banka
and bankcrit nnd offer the best terms comimtciit with
conservative banking.
WARE A LELANO
COTTON, GRAIN, PROVISIONS, STOCKS, BONDS,
Ho. 2 W»ll St.. f«f#n Building, A fasti, Cm.
StHBlKS:
ilfift Board o* Trad*.
U(«t* Stark hthangt.
•m Jark Catlaa lukanga.
Prlaata Wir
Bell than* 1242
r Tori. Hew Orient. CHcago. B. C COT MB AS. Mimii
Standard Chain 234.
Saving* Depart
dad S*ml-A
allow Interest at tha Rata of 3 1-2 per
illy.
PIEDMONT BROKERAGE CO.,
(Incorporate!!.) B«##m#nt Floor Pi#dmont Hatel,
STOCK*. BONDS. CHAIN, PHOVieiONt. INVCSTMENTa,
Faet Wlra Sarvice from New York, N#w Orl#«na, Chicago.
conarepoNOENTi
M. J. SAGE A CO, AA BROADWAY. NEW YORK.
tow. MOTH, htaaager and Long Olttaata Bell Chos* I SOI.