Newspaper Page Text
fluctuations narrow on
VERY LIGHT TRADING.
Nearby Position* in the Liverpool
Market Showed Decided
Strength. ,
With the exception of the strength shown
la the old crop positions In Liverpool this
■rsing the cotton markets were feature*
lass, unless extreme dullness can bo called
• feature.
i Present and past news, cuts no figure
la ihaplug the course of prices, tin* «*u-
f lre trsdo apparently expecting and look-
ins to the future for the <-ue to enter the
market for profits on olther side of the
■rcount that will bo worth tho while.
Bullish week-end figures nre expected.
This is • known fact, but la Ignored on
account of tho closo proximity of the
aew crop, consequently It Is without effect.
Trade conditions are good, which Is nlso
t known fact, but spinners believe there
ret enough cotton to come Into sight
: . over until new < uttou makes
Its appearance, consequently spinners show
ae uneaalnea*.
The advice of people “who ought H
kaow” to hold cotton for higher prices,
and predicting that improvement was not
•sir possible, hut highly probable,
rood advice had not the holders pu.
aiucb confidence In the price predicted. A
great many well-to-do farmers not only held
os to the cotton they had, but bought more;
and as they thought they had a suro thing
entered the speculative market and loaded
sp with paper cotton.
These people lost considerable mono*
tlelr paper coton. Some are still ho(
the actual cotton, which. If sold nt
will show a corresponding loss.
A .New Orleans wire says the market
onriv was the dullest that has been seen
la all the pretent dull period, with prices
tending neither woy.
Spot is quoted nulet In that market
with the demand for tho better grades
Bioderntely good.
Net stock of Ct-JVPW _
275 bales, against 61.692 last year. Amount
on shipboard, 22,169 bales, against 28,256
last year; j
‘tom bay
..dust 4 — r — ...—
shipments, 20,000, against tame last year
and 10.000 iu 1104.
The interior movemant, according to Sec
retary Hester, la as follows:
Total receipts, Athena and Albany, Ga.,
and Selma, Ala., not Included, 17,476 bale*,
against 4S.381 last year. .Shipments, 33.161
laics, ngalnst 90,191 last year. Stocks, 210,-
m bites, against 228,489 last veer.
The overland movement for t
J.974 bales, against 10,f*
1)04 and 2.249 III 1I0B.
The inovemeut since September 1 has
been 912,079. against 10,019,121 Inst year,
104,232 In 1904 and 1,063,915 In 3903.
(lame Into sight for the week, 61,965 bales,
siainst 117.SS0 last year, 25,892 In 1904 and
U.W In 1903.
Since Septambar L 10.B86.157 bales, ngalnst
12.42S.942 Inst year, 9,762,896 In 1904 and 10,*
C4,674 in 1909.
SPOT COTTON MARKET.
Private Wire to Ware & Lein ml.
Liverpool affected fnvornbly by rains, not
confirmed, and developing strength In near
futures.
Lesaer-Goldman's weekly weather review:
This past week has been dry. with season-
•biy warm weather lu our territory, com
prising southern Missouri, Arkansas and
northern portion of Indian Territory, and
the cotton crop has continued to develop In
n very satisfactory manner. High water In
the Arkansas river, caused by heavy rnlus
In Its upper course, did uot do any damage,
and reports from that section of tho stnte
describe the crop ns being In hotter sbapo
than It has been for several years past.
Southern Arkansas hod some little mois
ture, but n good, soaking rain would be
welcome now In that region. F.lae where
the dry weather 1ms not done any harm
ns yet. and has been very helpful to those
sections where grassy fields had been the
complaint last week. We con only report
wbat we said In our previous letter: So
far, nil over tho territory, prospects aro
good for au abundant crop.
Now Orleans, June 22.—Cables are favor-
able so far as futures nre concerned, tint
snot sales of only 7.000 bnles nre not favor
able. Futures were due 1 up on New Or
leans and unchanged to 1 up on Now York.
Private Wire to GIbert A Clay.
New York, June 22.—Liverpool at 12:80 p.
m. was 1 and 2 higher, which Is about as
some days past. The finer lines of staple
cotton goods show advances, and the prin
cipal buying done Is for delivery forward
from Janaarr. Few mills have goods for
sale for delivery before that time. The
that a clash would come between the opera
tires and manufacturers which would shut
off the production.
about on an average. Was due unchanged
to 2 points higher. 8pot sales, while. fair
Market Is steady, with upward tendency,
jwing to coutlnued lack of ralna In Texas
and other portions of the belt where tbey
A cron report covering southeast Mis
souri, Arkansas and northern portion of
Indian Territora says the crop has con
* ‘ rtry satisfactory
'are good for an
SLIGHTLY LOWER
DECLINES NOT REGARDED
AS IMPORTANT.
Soon Evident Bear Pressure Was
Not To Be Immediately
• Relaxed.
GIBERT & CLAY’8
DAILY COTTON LETTER
New Orleans. June 22.—Foreign news was
►cart er today nnd furnished no Insight Into
the causes affecting prices In today's session
in Liverpool. Insofr- — “■*
positions were firmly maintained nt on ad
vance of from 3 to 6 points on the close,
while the new crop months were higher
by 1 point. Spot sales amounted to
Jr UU-10.
s&s&QF**
pool—Quiet, C1KL
Atlanta—Stead:
New
New ,
Liverpool—Qule*
RANGE IN NEW YORK COTTON,
The following Is the range In cotton
futures In New York today:
Last _ Previous
Open. High. Low. Sale. Close. Close.
Melius io.'it mk io!s> mo-1* ioltM,
in, 10.42 10.K 10.41 10.41-42 10.24-11
4»l>. -10.20 10.42 10.40 10.40 10.44-40 10.44-41
Or,. ..10.30 10.43 10.40 10.41 10.41-42 10.40-24
K mo.45 ioiji mii iwo io!&a mu-3
Jin- -.10.00 10.53 10.47 10.51 10.41-52 10.47.40
5*h "lb!57 io!u ifc57 i&M io.5140 10.5455
Closed steady.
llANOE IN NEW ORLEANS COTTON
. open. High. Low. Hale. Close. <'los«
lane .1&.75 10.75 10.7' 10.78 10.74
July ..10.S9 10.91 10.84 10.90 10.90-91 10.85-1
fa* .10.53 10.69 10.60 10.65 10.5549 10.414
*P 10.4340 10.44H
Ort. ..10.33 10.19 10.92 10.39 10.K48 10.M4
i£ !!io!s7 it!bo io!k »!i» io.’S*
LIVERPOOL COTTON MARKET.
Liverpool, June 21—13:15 p. m.—Snot col
t«a quiet, with prices unchanged. Mlddllti_
uplands. 6.12d. Bales, 7,0»»0: American. 6,Soft
^peculation and export, 7,000. Receipt*, ft*
American, 2,930.
Futures opened quiet
Opening _ Prey Iona
J une
one-Juiy
'aly-Angui
Uf-Sept.
•pr.-Oct.
tt.-Noy.
jW.-Dee ’ 5.63 6.67
i*" Vrh 5.53 5.1* 5.51
i lodoi-Old crop firm, new crop quilt.
TODAY'S PORT RECEIPT8.
►4s an
1.45 I.M
5.72 a?l l! 7P4.71
aSt« iStS IP
The following table shows receipts at the
jttrt! today, compared with the same day
»»t year:
Vw Orleans ..:
J^lveiton
Motile ...
Baraoush
Charleston ...
wtlmlogton
Norfolk .... *
Baltimore ... ,,, ,,,
5f*ton
ItiUdelphla ,,, ... ...
"fonawlek
INTERIOR MOVEMENT.
Beuiton ...
«|Mf*
ffraphls
■J* '»uia ..
tiBcinnatl ...
’ Total
, j. ill_
ably strengthened In conseqnenct, and the
* 1 net weather and iooj^pro$r
pparently
ely no eff(
Prices, In consequence,
upward tendency, but
ther the advantage that natural conditions
hnre created, and unless some change from
the present weather conditions soon comes
to pass, deterioration reports are likely to
140 received In sufficient numbers to scare
the more unstable element of the large short
Interest Into covering. . It Is entirely s
weather market ami other influences that
arise ere viewed with Indifference and are
allowed to pass without affecting the ul
timate tendency of market prices.
market gathered strength gradually, al
though waves of depression visited certain
Issues during the forenoon, and the market
displayed a ver -
with on carl
and the suspension of hearing!
Interstate commerce commission there Is
likely to be no Important action on the re*
port of the commission until foil. This ap
plies to the Eastern bituminous cool Inves
tigation. It is not considered probable that!
the president will act Independently of
such matters, except In extreme cases, or
under some new developments. Tho nar
future of the market may lie favorably In-d
fluenced by these considerations, but probJ
ably not to the egtent of (nrftfng wide
MMCfe flexibility In .up-
of money, notwltluundln. I’ MlS
■ for Amerlcin kecoritlM openM^HH
the French morkete. nnd the narrow re-
■ere. held by tbe N.w York hank. In nr-
pin. with nar-by prepar»tlon«.for.flro.l
that nn (inward morament would be encoup
need by tba Unking lntere«tx. .
WARE A LELAND'S
DAILY COTTON LETTER
N.w Orleans, June 22,-Th. only fMtnr.
f today', cotton market waa the rood dc-
.oand for apota. Future, were about at
dull a* tbay arer bar* bean alaca tba cot-
ton fntaraa were traded In tbla city, but
that, waa an unmlattkable anap to
•pot demand, which meant that big II
eat. ware Ailing their naada. Early In the
day It waa rumored that ona Ofthe l,rge«t
„riii, In the Imttneae had bought 1,000 halea
from a prominent f. n. b. home, and later
elee aremed to Ja.tlf ir th. belief Jo total
alea of about 4^00 bale, up to t o'eloek.
Neither profeortonala mw outaldera took
any Intereat In the future market, rrleee
hardly flee to. tad.
The Unit of tho wtek-end flgurea earn;
bulllib. and the promlae waa for a hulup.
tldbla aupply statement. Ilowarar, It will
Mb. more than a bulllrt rWble aupp y
•tatement to arouaa tba trrnla from Ita
by. At the aama^tlme. If tba tlflMt
4y keep, on abrlnklng tha way lt k«a
_lta and crop report, continue to grow
unfavorable, the hall, may altlmately gat
tbe Urge abort Intareat on the ran.
New Torlr. June 22.—Following
moderate weakness In the atock mar-
ket this morning, which converted the
laat bull Into a bear, a rfiort covering
movement occurred In the afternoon,
seemingly predicated upon several fa
vorable features—namely, reported ad-
lournment of congress next week and
a rumor of tKb conclusion of the fa-
moua ore deal. Moat of the buying
appears to be for short account, but
It was apparent that liquidation had.
for the time, run Its course, and tha
market, following the natural laws of
reaction, turned upward with only a
limited supply of stock encountered.
GIBERT A CLAY
** C. ALABAMA
_ BONOS.
COTTON. CHAIN,
corrcc. enovisiows
MCHftCRfti
ATLANTA, OA.
By Private Leased Wire.
New York, Juno 21—Today's early mar
ket was distinctly more steady than yea
terdny's, without there l»elng any particu
lar innovations la the outside news,
somewhat calmer feeling prevailed t
tho significance of the week's developments
In the steel trade, and the opinion was In
clined to regard them more lightly than
waa the rise yesterday. Nothing happened
In such routine matters ns foreign exchange
or money to affect operations In socurltlet
one way or the other. The London market,
reflecting the disappointment In our dent
lngs of yesterday, sent In lower price* fni
the American list. But the trnnftftctlniifl of
the morning, which again were on a highly
speculative, origin, were guided chiefly l*y
the contrary views existing over the tech-
iil-nl position. The Idea Hint yesterday's
demonstration ngalnst prices was the work
> r :i boar party \ *ty largely l.*.| n certain
section of the professional traders to buy
“for a turn" on the long side. For the
same reason there was considerable cover
ing of profits from stocks sold short on the
preceding days. On the other hnrnl. press
ure was renewed In the early dealings
against Pennsylvania.
Connor and Smelters and Heading tnndo
tnditble progress There wns little
change nt the end of the momln,
.par
The market was subject to
etsuro of
the first hour room traders nnd a number
of outside operators were fairly large sell
ers, and prices In the early trading sus
tained moderate declines, importance wns
attached t<r the continued supply of Copper,
apparently from Inside sources, that carried
the price of thnt stock down from 103% to
101*4. Conservative brokers said too much
short stock was put out In the last two
days, sml It will not be surprising If the
market Is soon found to :b« neftvylly over*
Governments unchanged. Other bonds flrs
generally lower.
8TOCK 8ALE8.
11 a.tn. .
it noon
1 p.m. .
2 p.m. ..
ATLANTA MARKETS.
Limes 75 to SI.
-
Bananas. 1
11.75. <’ii 11*.
Strawherrb
I stocked.
straights. • per bunch 3L50 to
, per bunch. $1 to 31.25.
Strawberries. Georgia stock. 24-quart
rates, 31.59 to |2; Tcnncssoo |1 to $1.50
rr crate.
Watermelons. 316.00 to 320.00 per 100; de*
■KH-ffih AND fOUNTIlY PnODUCR -
Live hens 35 to 37%c: fries 22% to 25c:
broilers 15 to 22%e. Live docks, Pekin 36
to 35c; puddle 25 to.27%e.
Dressed hens, per lb., 12c to lie; dressed
turkeys, per lb„ 13c to 14c: very dull.
Egg”, per doxen, 17% to 18c. f
Butter, table, per lb.. 20 to 22%e; cook
ing, per lb.. 12%c_ to iic.
Honey—New lOlOc lb.; In 1-lb, racks 10
^VEGETABLES.—Irish potatoes, No. 1
stock 34.00 barrel; No. 2. atock 31.00 to 34.
^Beets, cabbage crates, per crate 32.3 to
BeenA green, per crate,
10 to 75c.
Squash, yellow, 31 to |1.3; white 76c
to 31: market overt locked
Torn, new, 15 to 20c per doxen.
Okra, per crate, 31.10 to 32.
Caeambere, per crate, 60 to 76c, market
Spinach 31 per bushel.
Asparagus 12% to 15%c nunca.
Peaches, per crate, II to $1.60.
Cherries, 24-quart crate, 32-50 to 33.
Cantaloupes, per crate, 32 to 32.50,
lllarkberrfee 1& to 12%c quart.
Dewberries 10 to 12%<* quart.
FLOUR, GRAIN, PR0VI8I0N8.
-tOCR.-Peer
patent 36: font
14.10 l 1 “*
patent
Amalgamated Copper *
Atlantic Coast Line ,
American Huger ltefiulag...,
Anaconda
American Locomotive
do preferred
American Smelting Beflulng
do preferred
Atchison ’ •
do preferred
American Cotton Oil *
Baltimore nnd Ohlou
Brooklyn Rapid Transit •
Canadian Pacific..'
Chicago and Northwestern.......,.,
Chesapeake nnd Ohio
Colorado Fuel nnd Iron
Central Leather ......*
do preferred.
Illinois (Yntrnl
Ann-rlonn I.Securities
Louisville and Nashville
Mexican Central
National Lead
Northern Pacific
New York Central
Norfolk nnd Western
Pennsylvania
People’s Gas
Pressed Steal Car
do. preferred
Pacific Mall K
Rending
Republic Steel
Rock Island...
do. prefer red *
United States Rubber...,
do. preferred...........
Southern Pacific
Southern Railway...
do. preferred
SIobh Sheffield
Tennessee Coni and Iron
Texas nnd Pacific
Union Pacific
United States Steel *
do. preferred
Virginia Carolina Chemical....
uo. preferred
Western Union
Wabash
do. preferred..
Wisconsin Central
do. preferred
102*4.1 103*» 101*41 103%! l(B%| 102%
141 141 14**% 141 I 14l*V Hl%
133% 132% 131V 13-% 132% 132*
2« 245% 2o‘% 245% 244%' 244
69H 70%; 69 70%i 70 69%
....71 ..... ..... . ... 115 114%
147% 14h% 146%! 14N% 141% 14S%
116 \ 116 116 Hi 116
W'% 1 w»v **% rntfc! s5
103 103 I 102%
33 32 r
11R ! 11S%! Ill
79%, 81% 79%
161 161%' 160% 161%* 1«1%[ 161%
1 1 ^ 900 300 1 200
Tl - .. m\
ov«b| 02% 50
39% 39% 39*4
54\| C0%| M%1 60%| 60 I 63%
«%l 42HI 43%* 43%( 43
te 1 eo 1 1 teiIi *r*iA
TIPS FLASHED
From Wall Street
Private Wire to Ware & Loland.
London heavy on Americans; get
market Irregular and unsottlod.
Prealdent Gary any a the question of 11
nsw bond Issue by United States Steel will
not come up this year.
conditions In Iron nnd atnl trade, but late
selling of United States Steel Is believed
to have been for Insiders. Selling opera-
Up ii va- ^ k. H— *-“ * —
buying may be encountered In Steele, Cop*
pere, St. Paal. Union and other active
stocks. Freo liquidation will tone up tho
market considerably.
Th* 1 •■■it In Iron prices and narrowness of
market should make for unsettled condition,
and we oxpect somewhat lower prices for
Jf _—_ _
rom Washington that tho “trust buaters"
will announce some Important mores today.
8timmnry of yestorday's stock market by
Dow, Jones & Co.:
4%'a* represents ft »5-point dii(ln."in
Inttrborou,b .lock.
Wrxt.rn rnsd. .bow notlerobl. dwrllnn In
f*nml bnalnro. .Inc. June J, and o.p.-
pnlrnt 75.10: half imfont
i- fnnt-v I3.»>- sprtag wheat
Market itrong.
re re<l coh 75e; Nn. 2 wlilto
le; I»n. I rillow 7fc; mlxwl 7fc.
OATH.—Choir, wblt. rllppvd tie; choice
I 11.05; do.,
, No. i Jl.
No. 2 clc
tlmothj bale.,
rlo.cr mixed
^I.OVBR.-Cbolee Me.
The above prices are f. o. b. Atlanta, and
subject to 1 m q 1 ^qqgpjgfg ance *
SUOAR.-Standar*I granulated 6c. New
1 ’ork Refined 4*4 to 4*s! plantation* 4 to 4%c.
COFFEB^fioftfttftd Arbuckle'a 115.60;
hulk. In laga or barrela, 12%c; green 10 to
*>. Market weak. _
RICE.—Carolina 4% to 7%c, according to
grade. Market very atrong.
CHEE8JB—FftW
KBS XoUlbxVM I'.t JJ'-ke. TM. pl*t««
He. flupreme bird 1,. Hnow Drift com
pound 7!t
NEW YORK COFFEE MARKET.
The fnllowlnz teb»e lire, tbe opening
.'I ekMlnx qpolnlloii. for eolfM for fntnr*
d.llrer, tad.. In X4, York:
Opening.
Jenaerj.. .. .KSS' CW '
r.brusry
Mxreb
P'::::::::::::
Jane.. .. .. .. .....
July
August.. ..
September..
October ..
A’ovember.. .. .. ..
[Jecember.. .. •• *. .,
Closed steady.
9J04.36
9.404.45
There wu tome very food buying In
■pecialtlss and these gave the Initial
strength to the -general active list. We
do not see anything to bring about a
bear campaign If the steel trade and
general business not on the down
grade and the highest Wall street and
trade circles are authorities for the
statement that no signs of this kind
are In sight. Remain in the conserva- '
five trading position for the present
Western
reneral bi
1M99
June
dally since
Twenty-three roads for second week of ‘modules^were unchanged!
Pennsylvania's loon in Paris Is tbs prtn
clpal sourca of weakness in exchange, but
no noceslty exists for gold Imports.
Twelve Industrials declined 1.45 per cent.
Twenty active railroads declined 1.30 per
cent.
Private Wire to GIbert * CI«y.‘
New York, June 22.-Danlel Odell A Co..
We would buy standard selected storks
near tho opening or on any weakness today.
Sentiment Is extremely confused and can
not be depended oa now n* a rule. Either
tho stel trade la starting on a decline nt
something hns been hanging over the mar*
ket. That thereto?* appears to be that the
congress Is still tho vital polut, with other
fentures of an adverse fancy only trailers,
ouch as the crops, steal rote cutting. KuhsIiiii
troubles and money flurries, although tho
tuonoy situation aeema greatly improved
nnd gold Imports probable nnd a good bank
statement nrosnect for tomorrow holding
great possibilities of short rovering today.
Unless there la going to lie a decline In
gsnqral business wo cannot seo why tbe
stock market, which Is weekly becoming
more attractive to Investors, should enter
a boar campaign.
MODERN MILLERS CROP REPORT.
Chicago, Juno 21—'Tho winter wheat hnr
vest la progressing with little Interruption
from unfavorable weathar. Where threshing
Is completed or going ou the returns am
nbovo expectations. The fine character of
tho wheat Is especially rommented upon,
the test weight being heavy nnd milling
HHMHllMBHlViNiMli
me 1
tb
are regorded ns unsatisfactory.
COTTON SEED OIL.
June ...
July
Remember
October
November ... ...
December ... ...
Closed steady.
THE METAL MARKET.
By Private Leased Wire.
New York, June 22—For the first time
In many week** a change was shown In
* Jes of which were reduced
The export business, bow*
u . and.
.la was strong at nearly %c advance In
apet and nearby asilveriss. Other com-
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. •
Prank Hawktn., Pr„ld,nt.
... if. Atkinson. V. P
Joseph A. ilcL'oro. Ca.bl.r,
Third National Bank
Capital .... $200,000.00.
Surplus . . . $300,000.00.
e
Dr. A. W. Calhoun.
Ml!ton Dnrgan.
John W. Grant.
Y. McCord.
DIRECTORS:
Frank Tlawklos.
If. M. Atklnsoo.
Joseph A. McCord.
Private Wire to GIbert & Clay.
Chicago, Juno 22.—Judging from
present conditions of tho aupply nu
mnnd and following former speculative
precedents, the price of wheat looks high,
lint tho fact It, we aro establishing new
precedents, wo nre not aide to sell the
fanners' crops In advance for him.
have had a pointed Illustration of this
lu tho recent sharp corn Advance. While
wo may rslgo a largo winter wheat crop
ami while It may be In n |>n«ltlou to rnovo
••ally, time |« no guarantee *>f n !mi\\
movement Irrespective of prtco. The spec
ulative temper la much more sensitive tc
unfavorable rather than favorable rondJ
tlonn, ns ban been evidenced the ,>aat two
days. The trade Is broader. We believe
the long aide will be much tho safer until[
the spring crop Is nssured.
pectedly
_ I for cargoes off
mast and on light Argentine shipment*
Weather northwest continues cold. Indi
cations sro for continued cold and showers
tomorrow.
Oats—Trads limited and mainly local and
professional. Market sternly.
light ac-
plto the lower
Valentina Just bought 900,000 July wheat.
Minneapolis wires: “Cloudy and cool o*
tin- northwest nn*l (’mnd'i S**me tin-e
rain. No mmplnlnts regarding crons of serl
n It'll-.' I."\v b*I .is nut doing u.'II,
and there will be constant unfavorable rc
message from Lincoln.
,*ueat harvest commenced, .|uaii%/ «*j
ctUent; yield will bs about tho average.
III., reads
qunllty ex
cables. Ou the contrary, cables are
Offerings of new wheat aro very light. Wl
think everything points to a higher wheat
iua advTi ‘
market find advise our friends to buy sumo
mention, but It linn
Isngs arou
tbe day, then goes down.
Wheat trade small nt the opening. Home
selling by local longs who did not get
out last night. Hunt hns tnkAi bold of
market and shonld advance It some.
8t. PiHil wires: “Cloudy and eool; nil
steadily from 11 a.m. yesterday to 6:90
p.in."
Comstock and Logan fair sellers of wheat.
tember wheat.
hns bought 400,000 Hep-
STOCKS REVIEWED
BY NEW YORK SUN
New York. June 22.—Tho New York Run
•sys: The action of the market proved
pretty clearly that there haa been a bear
clique at work endeavoring to bring about
lower prices nnd force llmildntinn. The ex
istence of such a clique bns tor some time
been anspeeteil, but that It hns achieved
~iy Important measure of success up to
Is timo seems very doubtful. The B*~i
Ing here did not ronm up to Londn
some of the i,rtlve Issues, notably Haiti
more and Ohio, from which the start woi
affected by reallxlng sales tor the account
of speculative Interests which bad bought
several points lower down In the liollef that
even If no Increase were made In the divi
dend rate the atock waa not particularly
dear at the level prices then ruling. Busi
ness had not been In progress more than n
few minutes when United Htntea Hteel
yielded to pressure nnd tbe decline In tho
atock bod the effect of unsettling the en
tire market. The selling wns ostensibly
bused nq the shading of (trices tor fonndry
J.000
thnt f*
tfaie t#
the oppllcntlou of surplus earnings for thnt
turposo and (lint the raising of new money
(trough the Isene of securities In any f«
not Imminent.—GIbert & Clay.
RAINS WERE VERY LIGHT
IN DROUGHTY DISTRICT
New York, Jane 22.—Tba Hun says:
ports of rains In Texas and of dry weather
east of tha river, the particular conditions
whkh are marb needed In both sections.
Tpct. though
... m jtberu Texas
waa scarcely touched by the rain. Tests
and Louisiana were both dry and hot. Ar-
itteas. however, nsd beosflrtel showers,
iverpool was a little disappointing, how
ever, end some room traders were more dis
posed to sell, vet It wns not altogether plain
tailing tor a bear. Spot activity continues
n Lhei pool. Homo 12.6)0 bales were sold
here. No rain wns predicted tor tho west-
ern belt, and so far as can lie learned only
r where In Texas.
**ui■>. Hiruunrfl. r»«-ull!, I<ee, Gwnthiii<*v
nd U'eld were buyers, nnd tho selling
wns scattered. New Orleans bought and
Liverpool sold. Tbe advance In wnges at
Kail River district looks as If the condition
of trade at that point was encouraging,
whatever tome of the beers may nay to
the contrary. Thnt they are good In Lnn
MflftflM to $ .toe* beyond duoats. Tba
market here Is largely a weather affair,
but unless Southern Texas gets good rains
the t#adeo<7 of prices will be upward."—
GIbert A day.
New Orleans. Jana 21—The Times-Demo
crat eaye: "Home further liquidate
' * Interest niuf r " '
IE IN WHEAT
WAS RATHER LIGHT
TONE STEADY AND FIRM AT
OPENING.
Started a Fraction up with Com
mission Houses Fairly
Good Buyers.
By Private Leased Wire.
Chicago, June 22.—It wan a bear do?
In coarse grains, and after fighting
persistently for hours tho bulls were
made to take a back ae&t In the w heat
pit. Tho Modern Miller’s report over
balanced all else In tho way of nows.
It tobl of tho excellent quality of tho
uhent now Wing thronhed nnd of the
yield exceeding expectation* in many
Instance*. Tho black rust report*
that wen* sent in Thursday, and reit
erated, wore contradicted by good au
thoring in th.- i minty sending th#
dnni.igo mm*
Wheat closed unchanged to 1-849
l-4c lower, corn l-4Q9-8c off, oats 1-9
01-2c lower and p%*vis|ons oft 30c off.
Oi.di Hrtlcf s,<• tm> wheat, f.n.nOO corn
and 56.000 oats. Primary receipts,
wheat 294,000 and corn 671.000, against
232,000 nnd 681,000 respectively n year
ago.
Clearances, 61,000 barrels flour, no
wheat; 105,000 bushels corn and 155,-
000 oats.
CHICAGO GRAIN MARKET.
Tbo Chicago grata market ranged ns
lows today:
Open. High.
WHEAT—
July. . 83% r.\
Kept. . 84 84%
DW. ., MTs *
CORN-
fit.; 1 l-i
OATH—
July.
Hept,
I/)W. Close. Close.
pink- 5 ®
July. .lT.io
Sept. .16.65
LARD-
m-m
dtTtif*
Oct.
99%
1.90
*.n%
8.77%
&
It
:. : Sit
. 6.95
9.2S
:Jh
red.
i *io, ?*uMc; No. 1 northern Mprinur, k»<^h6cj
No. 2 do, w4f*6c; No. 3 *i>rlng, 8vQ‘t'x*.
17,a
LIVERPOOL GRAIN MARKET.
Wheat opened unchanged: L30 p in. %e
higher; rinsed %
Cotn Opened %c
or; closed %r lov
'"in" Si Llxll,
n»«r; lXt p in.
N0RTHWE8T CAR8.
I’nllmvh.g table gives tin* lu»rtlnv
of groin today, last week and Inst
Today. Week. Year.
PRIMARY MOVEMENT.
The following fli
iv lies
the primary
today, '/‘t.'rto bushels.
Wheat—ft
ngnlnst 332.000 hnshel
irnts today. kC'i tmabels, against 174
*> liuahels Inst yeor.
Corn—Receipts today, 671,000 bushel,
jrslnst Kll.txd bushels last )enr; shipment
t*.*I:i* , 117/m) ImsIiHs, against 367,W bust
ela last year.
BRADSTREET’8 EXPORTS.
fnlbmiag figures glvi* the weekly
Istreet's export on grain:
heat nnd flour today. 1.76I.OOO hushds,
a Inst 2.8J).0f» bufbets last year; in ir*>4.
asiilns
978.09) bushels.
Corn today, 6M.000 bushels,
000 bushels lost year, and In
bushels.
>Sfi'
A cure for seasickness, which a Ger
man doctor soya he ha* discovered,
consists In the sufferer lying on his
back nnd having handkerchief* soaked
In hot water twisted very tightly round
his forehead.
•nd many men hellers It will
crop deterioration during June
Lslfod.
■Ty Interest and a small measure of short
ie|||rg. engendered by the rain marks
ie lexas westlur map. slaved off sta«
b< tnlen
public
vision st IJverpool dispelled most of tbs
ssppolntmeot Involved at Kaw Orleans.
Tba outlook, however, baa undergone no
change. Crop weatbsr la good enough,
hnt no bstter than It should he. Tii*
Texas drought has been broken In isolated
spots only. CooevisnUoa coatlnnes at the
lively pace. The public Is not at all con
cerned with the situation and professional*
generally have tired of the 'do* oat dog*
program. For tha moment, the game Is not
worth fbe candle, and valuable opinion, be
ing circumscribed by tbs obvious. Is neces
sarily limited to sage and somewhat trite
observations which every one readily be-
lleves. bat no on* longer cares to hear
repeated. Meanwhile, the attention of room
traders Is begluulnc. *n o Inzj
to center In the tortheomtof I
SOUTHERN EXCHANGE
Oldest Established Office Routh.
CO non- STOCKS MIDI —Mill
Ground Floor Gould Building. Dally
market letter nnd market manual
mulled on application.
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS. GRAIN
CorrespNtMt's Capital 1250,000
RCrCNKNCE, THE NCAL BANK
SHONE MIT. PRUOCNTIAL BLOG
York s;o-k BxekucfltK** QKmu CMtM BxAfl^inaoa* BMrt.fW.4a. ]pl | Mt ;» b*5ro .rtw.l list jror: O.l-
p* York Cotton E.-hin? Or'-.:,, fltork Exoh.ni)- ”22/nptfU W to 1M» bate.. nx*tu«t
York Coin. Ei. h.u5':N« Orir.n. Bo.nl of Trofl.. '..jTr.ion Cotton t.x. n*„«-1 ^ talw u, t yr»r: Ilownoa o-
l-rt-.t. Wirr. to .11 Excll»B*M-_ „ p—ts.M* .*» * • t ". •F'l.xt -.< > 1 ■ 1| *»
Ltd and Ltna Dlitsnc. Ttl.phsn. 5291. „
W. R. FAGAN, Minsq.f. ottuol last fmt,
Tliofl. J. rEF.n.r.ft. c..bi,r.
I At* A,, t Cn.i.i.'r
MADD0X-RUCKER BANKING CO.
CAPITAL $200,000.00
SURPLUS AND PROFITS .... $500,000.00
ACCOUNT* INVITED
We Invito accounts of individuals, corporations, banks
and bankers and offer the best terms consistent with
conservative banking.
In our S.Tlnfl. Dep.rtra.nt we allow Interest at th. Rat. of 2 1-2 per
cent. Compounded Sem!-AnnuaJljr.
WARE A LE LAJN O
COTTON, GRAIN, PROVISK5NS, STOCKS, BONDS,
ga. 2 Will St., y«(«rf lui/dfaf, ftffatfa, 0$.
MIMBIKS:
Chi(«f« Bosrd $f Trada.
CHiajo S(a<4 f j<*a*0t.
Htw fork Cotloo fidiflfi.
»Mfvr.
rdfho
Horn Orlotnt Cotton ti w _
llttffool Cotloo BttoOotioo.
rrlnto Wlrot to Htw fork. Mow Orlooot, Chletfo.
B C. COJHKAH. Masai
Stoodori rkooo 25k
PIEDMONT BROKERAGE CO.,
(Incorporated.) Basement Floor Piodmont Hotol.
STOCKS. OONOa. CRAIN. PSOVISlONS. INVKftTMENTi,
Fast Wire Ssrvico from Now York, Now Orloans, Chicago.
CORRCAPONOCNTS
M. U. RACK A CO.. AS BROADWAY, NEW YORK
tow. HOTIt, Id toot or. loroloodLoot Qiilooro Boll Hoop f>ft.