Newspaper Page Text
SLIGHTLY EASIER
OLD CROP MONTHS DOMINA
TED BY JULY.
favorable Weather and Crop Ad
vices Adversely Influ
enced Old Crops.
RANGE IN NEW YORK COTTON
Tbf tollmrlng I* the rnugo lu cotton
htotn In .New York today:
lai.t rrevlou.
Open. High. Low. Nnlc. Clone. Clone.
DM. Il'tM mis 10J# ld.it JO.IM7 lO.g-M
.10.41 10.41 10.33 10.53 10..T3J4 10.4145
.10.44 10.45 19.38 10.57 10.57-55 10.45-48
m 10,38-40 10.46-48
H .10.45 10.47 10.45 10.45 10.46-46 10.62-51
ll*wl moody.
LIVERPOOL COTTON MARKET.
UriTlKxil. June 28, 12:15 p.nt.—4.ottiin,
a ili-mnnil quiet. with prh-i'n ntendy;
line upland., 6.1M. Hul.'t, 6,000; Atner
15, 5.900; .peculation final export,
~-lpt«. 7,000; Amerlrnn, 6,600.
' j u |y mnnlpulatlon wan the feature at
(hr opening of the cotton market thin
morning. The opening In thin option
tin Steady, but narrownean wan ap
parent with fluctuations of a character
that would Indicate that the trade at
.rosont does not expect .anything aen-
Utlonnl as a result of the covering
a( a rumored big short Interest In that
mtlnn. Tomorrow Is notice day on
July In New Ydrk, and the amount of
tenders will be the factor In determin
ing the course of prices for the old
trop months. If they are promptly
•lopped, be they large or small, the
chances'for a squeeze would be possl-
ll The new crop months opened under
light pressure, due to favorable weath-
tr and excellent cron reports; and at
mlddav showed declines of 7 points.
Trading was light.
The government monthly crop report
sill be Issued on July 1. It Is expected
to be bullish, but as it Is made up from
reports covering the 25th of June, It
sill not refer to the breaking of the
drought In Texas, and the late favora-
tle advices as to the growing crop as
a result of the Improved crop condi
tions from that section; In fact, con
ditions are more favorable over the n-
tire bell, which, if continued, will !n-
aure a good crop of cotton.
The Increased requirements of the
world's consumers will keep pace with
the Increase In production and the pro
ducer can get a fair price for Tils cof-
SPOT COT1 ON MARKET.
RANGE IN NEW.ORLEANS COTTON
The following Is the mnge lu cottou
inures lu -Vow Orleans today: .. ,
Lust Previous
Open. High. Low. Sale. Close. Close-
Krb.
............................. IA7»
.10.81 10.83 10.72 10.73 10.78-73 10.8344
.10.31 10.61 10.63 10.5s 10.56-66 10.6042
10.864? 10.44-46
.11.27 10.27 10.22 10.23 10.22-23 10.30-31
10.23-26 *0.31-33
.10.32 10.82 10.36 10.26 10.26 10.34-36
.10.34 10.35 10.32 10.13 10.32-33 10.40-42
v' »:/«' 1..M
rr '™<e Wire to Ware & LeUml.
York) JuiA 28.—It luuki &■ if thi*
S?DMti ,, lSl t m r ff" r i t h » eenun.1 SO. If
, f r°m the belt for the month are to
be considered at worth while.
.,,'[5® <*f Commerce says; "The
Fv T the “if??* 0 ” *S.® »ltutUon are plain-
m.JiiL VS , ! to & ,h * «P®* situation; the
question1 ii to the nmount aad the dlspoal-
the* luftnre here tomorrow and
the nature of the goverumeut report to be
Jisued next Toesday, an to “which, as might
Th/iOStnuli < '°V ,r * rT “Pinions are held.
The apeculntlnu Is not large, but Its lean-
*"*»,foe some time unit hare been to the
JJJp.jWf * nd *£«« *• therefore a ontnlclon
that If the market Is not actually aom out
and over*** It la pretty close to some such
jxHHUtlon as this/ Ths covering during the
CAUSER A SLUMP
good selling here from Liverpool
s wca\^ r * buy,D * power. Mar*
airkt5 P °°l C * b, ** : ." 8,e ■ d ^ , • 'ntureleta
tmd" 11 ** op * n ' d nuletT Very little outside
Words a and Cone bought
Mitchell. Schlll and icalpers sold. Do
uot see any particular feature today.
Very
and local
ket looks
The Journal of Commerce this morning
sends the following ns to conditions: Ten
nessee—Conditions will show Improvement,
thongh the cool weather, particularly the
nights, haa checked growth, resulting In a
snmll plant and making the ocason ten to
fifteen days late, ltlooms are expected from
July 6 to 14. The dry weather has enabled
farmers to keep well up with their work,
resulting In dean fields, good cultivation
mid a healthy plant.’ A number of sections
have since received helpful rains and with
au average season from now on a good
yield may be expected.
Arkansas—Perfect condition Is reported
by a large mi in her of correspondents, some
clolmlug the best prospects ever knowu.
Dry weather has been favorable to cultiva
tion, fields are remarkably clean, and the
plant, though small, la generally strong
and healthy. No cmnplnluta of Insects are
heard nml scarcity ofjalmr la not general.
Cool nights have t>een detrimental and rain
a out * ‘
oca II
The market is weak under moderate sell-
■jg orders are scarce. Olbert
unson Smith sold July down.
t’loiwl steady.
10.46-47 10.63-66
800.
i,w»i, Aiornni 1 * <in
rotares opened steady.
' opening Pravlont
assa ar
i! S:S 6iSdi.n B.g
:::: feStg fcStS iS
::: «TO lUiiI ig
TO TOUS*m
■e-July
ily-Aug
18-Hept
gt-Oet
tt-Nnv
•r. Itec. ..
*.Jan
#.-Feii
HV-March .. .
Closctl ipilet.
^ TODAY’8 PORT RECEIPTS. 4i _
fte billowing table shows reedpts at the
«■ today, compared with the same day
”8
212
INTERIOR MOVEMENT.
„ ESTIMATED RECEIPTS.
* lrlo.ua oxfM-et. 700 to 300 bole*.
“•' ».!!* late, nrtnal U.t year: G«H»-
SP«'ta 1.000 ta 1M0 lalea. agaln.t 3.701
S' i"" 1 year: Ilmixton expects ,
-678 ni-tu.il lnnt jenr.
lE *T ACLAY’S DAILY*
COTTON LETTER
1 more bearish
IP #pot "lies were 6.000 balesJ»t
of 4 points, while eptioM
I with the toes of one polut. Tod*y •
g*PAAl„n was devoid of^he persistent
, *horta that made the
• ^'llng noteworthy. In »»** absence
"upport values sagged following
,l5 0 V* nstnral l»ent, nml were It not
I. ,B . ct the July position Btui
1 a J r . of ttnrertalntv. market prices
N . ..nhtleaa show further declines ow-
* h r r»*inarkaWe progress made by the
indicated by rep*»rts from sli.aec-
114,321 last year.
Hnyne bought 10.000 July at 10.75 In New
Orleans aud bid 76 for 100,000 more.
Gelnny sold.
The ring sella at every opportunity and
the market has no buying power. At times
It looks ns If July longs were selling out
and buying December at 60 points. B|»ots
arc quiet at quotations. About 890 have
been traded lu so far.
Private Wire to albert A Cldy. , • V
New York, June 28.—Liverpool at 12aO
p.ui., was 1 and 2 higher, waa expected to
be 2 and 3 higher.
io reason for extreme apprehension.
Parrott blddlug 10.28c for 6,000 August.
New Orleans, Jane 28.—Mveipool 2 up. Is
about as due; an advance of 2 to 8 points
was expected.
Map Is dear and comparatively dry, only
light scattered rains having occurred lu
widely sepnrated localities of belt.
The western forecast Indicates partly
cloudy weather tonight and Friday for
Southern Texas and for the balance of the
district showers and thunder storms with
cooler weather.
Eastern forecast Indicates for Eastern
Florida occasional rains Friday. For the
balance generally fair weather tonight and
tomorrow.
SELL OUT STOCKS WAS THE
RESPONSE.
Was the Dominant Influence at
the Opening—London a
Heavy Seller.
Amalgamated Topper...,
Atlantic Toast Line
American Sugar llcfinlng
Anaconda
American Locomotive....
do preferred..
Bv Private Leaned Wire.
New York, June A * contlnuanL^BI
liquidation at the outset of today's deni
lugs had Ihmmi pretty geuerally expected,
and these Ntitlclimtlous were not deceived.
Calls for margin bad been sent out to com-!
mission house patrous last night, aud the
response was orders to sell lu large qunu
tity "at the market." In addition to this,
ami of more Importance, was the further
throwing over of holding* by the pools
and cliques who had become thoroughly
alarmed at the failure of their efforts to
stem the, tide of selltug on the previous
days. The combliietl result of the heavy
offerings from these two mm SH j
period of demoralisation lasting through
the first, hour of business. In the eoursu of
which all the leading Issues went well be
low yesterday’s low level. At the low
figures of the mofcdng there were evidences
for the first time of buying of a solid
character, plcklug up atocka quietly as
they fell from the hands of frightened
speculators. This buying was very heavy
and persistent In all directions, aud by
midday had begun to make Itself felt lu
no uncertain manner. Prices rose very
rapidly, aud when the announcement was
made of 34,000.000 Import gold engaged,
prices were carried up for substantial gains
on the day.
In the stock market at a rule opening
figures showed declines. Anaconda fell lj»|
Inll 4 points. Amalgamated was 14 to
lower, Missouri I*acific lost 1U. North]
I Pacific 1*4, Canadian Pacific. Colorado Fi
Erie and Illinois Central lost >4 to
bThe chief factor In the market so
..xlay baa been the liquidation at ■
opening and In the first few minutes of
ispcculatlre. holdings. Brokers doing the
largest business said • that the calls for
lumrgins was almost without precedeut^gijj
the response was to sell out the s**B
carried. It was this selling that was the
dominant lufiuence at the opening. MuuAJ
10,01)11 Share* were sold here In the first
for Ixmdon account.
Governments unchanged. Other bonus]
Irfrgular, '
THE WEATHER.
WARE A LELAND'8
DAILY COTTON LETTER
New York, Jnno a—In point of octlrltx.
th. eottnn market proven tin- (nut Intrr-
ntlnir of the lut t,u ilajra. Tin- cotton
Imuint jre«t,ritax to adranco the market
came out at the npcnlnf anil tlctohcr ran
from 16.36c to 16,25c In a few ralnntea. Thla
abowa the jrcncral character of the market,
ami the Imctnatlona arein to grow Icaa
rather than more eiten.lro aa the govern
ment report of July 3 la appnwchcit Thla
ia due In a meaanrn to the illapooltlon of
•horta to cover tbclr cotton, ao well aa
the tendency of holdera to terminate tbclr
Intcrcata. With the Jnly option pretty well
Ihiuldntnl, nnd mini In Trxna anfddcnt to
carry many countlra thmuih. without ad
ditional molitur* for aomo time, the bad
news aeema to lie aliont all out mil noma-
thlna wilt lie needed to atnrt nnother de
cllne. ltrporta from the Booth Indicate fa
vnralile proerraa over the (reotcr portion
of the cotton belt, hnt cotton la helna
conanmed In anrb large qnantltlea that It
will require n line aeaaon thronxhiint to
ralae enough cotton to supply all wanla. It
moat not be forgotten that cotton ban
ranged, between We and 12c for twelve
months now and consumption ban not Iwcn
restricted. The crop turn yet tb poaa three
trying months and In (the meantime proft-
able operations will conalat In quick profit,
throiign sales on bulge, or purclMKi on
breaka.
New York. Jnno ».-8t<wkn-Lbitild.Mon
again hnn awept ocer the market thin
morning, the flrat wave being at the open
ing and the oecond n little mow than an
boor Inter. Aronnd the new low leveln
made very good baying wn« encountered,
md the m.rxet rallied In the nfteraoon to
n .abstantial extent. It neemi[ to on at
thl. writing that the urgent liquidation km
been dilahcd on thin movement, at leant,
and are repent oor recommendation to buy
pud atocka on raids. Thaw la no ran son
bvr abandoning the trading position, but It
nbonid be modl#ed to the extent that pref
erence he given to tke long akW. We OTy
rSSS-pASf.
serratnre setioo for MoUrratr profits.
tinns of the l»elt. Our own advices today
nw frnnght with Infocmatlon of n Ilk. ten-
ir M><- point. In Heorgta md Mtntralppl
Securing that the crop In Ihow -e'loa*
ramoare favorably with the beat uryeuru.
It Is entirely a weather.muiiet aad Join-
STiMy
2*rea to be effective moot I* of aerfcms
' 1 ALABAMA I
GIBERT & CLAY
itocki.
r. COTTON. OS AIN.
ATLANTA. 4M.
z 7 rk Slock Exchange
♦v V. / C.°‘ ton ExobRnge.
1 Cofj.*A Ex?, hr age
. private Wl
* {;i! *nd Long Distancs Ttlrpbc 1
corrcc. PROVISION*
MEMBER**
New Oriean* COtbm
s'H Origin. il-Nird Of *1 rale Cslvclon
Elc “"’w‘; R. FAGAN, Mannoor,
Board of TTado
Cotton AMorlatlon
Cotton EseknngA
LOCAL FORECAST. •
Atlanta and Vb-lnlty r Oenerally fair to
night and Friday.
WEATHER*CONDlTIONS.
The prcaaure haa built up oyer llie eastern
half or the map during the past 21 hours,
nnd Is highest over northern Alnlmmn.
There la an area of very Io,v barometer
centered near Miles City. Moot, where
the pressure Is 28.40 inches. The relative
positions of the areas of .high nnd low
pressure are cansing high temperatures al
nearly all stations east of the one hnn
drolth meridian, the Isotherm of 70 degrees
running from toe northern border of new
England weitwurd -Into booth Hnkoto.
thence south Into western Texas. low
temperatures nrorall at all Itocky SIouu-
tain stations. ....
Hbowrrs bars occurred on the aonth At
lantic const. In Texas, the lower Mlulaslpp
Valley, the region of the Great Lakes —-
the northwest. ....
The rondltlons favor generally fair weath
er in thl. Mellon tonljfkt^^FrM.^
Local Forecaatar.
COTTON REGION BULLETIN.
merldlap.tithe. Jnno 26 I
UTATIONS OF
ATLANTA
DISTRICT.
•Atlanta, clwr..
•Chattanooga, clear...-
Cnlnmbna. clear.......
Galnaorllta, dear.......
Greenville, clear
Griffin, clear....
•Moron, clear
Montlccllo. clear
Newnan. clear
Home, cloudy...
Spartanburg, dear
Toccon. clear
West Point, clear..........
. •Minimum temjyxmturea
period ending nt I a. in. thla date.
Ute report. June 27;
are for 12-hour
= .1
S“l
Tailspoom. i*. ctondy....| 30 I 33 I .1
Heavy Rainfall: llaalehiirat. IA- 2-Ot.
Inappn-rlai
Remark a.
No decided temperature changes were re
ported for the past 14 hours, but the tgn-
Kney.wn^.oa^.^w^Tb^wm
Atlanta, cbsrleatoa, Okls-
were Immaterial; moderate
WEATHEF IN COTTON BELT.
Texm-Tyler, clomly and pleasant; light
rein yenterday. Haifa., dear and warm:
showers yesterday. Ban Antonia, elear and
hot. Houston, clear and pleasant.
Mississippi—Yaaoo City, clear and hot:
good rain yexterday. Grenada, cloudy and
hot; good • bower yesterday. . Meridian,
^d; good rahTytwf'enUy.^BtonkkavA and
rain Inst night. Nntckea. dear and plesx-
*AUIinmn-llnntaTlll«, dear and ml; rain
sfftL ,h :r!!s.ssi ,4 «»
-MemjtklAdwraml^cl-.;
Tent —
tanooga. dear
Cl G4NWgla—Atlanta, clear anil warm. Al
bany nnd American, dear and hot.
Lewd atana—New OrtamAdear aadarsrm:
hard rain yesterday. Shrevepaet, done aad
Tessa Weather—Waco, cloudy. •>-. Ard
more. fair. 73: Itealatm. fair. 75; Koala,
cloudy. 82: Meklgley. dojdy. m; inaamoot.
fair. 76; feia»or» >toody.-7»LTexarkaqo.
dear. 72: I1ana. damly. 75: J-pllo. dear. 77;
Muaksgee. .lowly. B: Snvaaota. elear. H:
Gainstoa. dear. *1: WoctlL dear. 77:
She turn a. char, 72; ItallaA doady, 7L
WEATHER IN WHEAT BELT.
wpMl MM..
do prif.Trotl liMiiMimiiii
American Cotton Oil....*
Baltimore nml Ohio....
Brooklyn KapM Transit
Canntllan Pacific
Chicago ami Northwestern.
Cbeoopeakc ami Oblo
Colorado Fuel ami Iron
Central lA-ntbcr ,,,,,
(lo preferred
Chicago ami Gront Western
Chicago, Milwaukee nnd 8t. Paul..,..,..,
Delaware and Hudson..., *
Distiller's Securities...
Erie ;;
do preferred...;
General Electric
Illinois Central
Amerlrnn Ice Herurltloa
Lniiluvllle and Nashville.,
Mel taut Central
Missouri PnrlHe
New York, Ontario and Western
National l.ond...«....,
Northern 1'nrlllc
New York Central
Norfolk nnd Western
Pennsylvania
People's G«s
Pressed Steel Car
do. preferred
Pact fie Mall
Beading
Republic Hteel
Bock Island.
do. preferred
United States Rubber..
do. preferred... /...*••
Southern Pacific
Southern Railway
do. preferred......
Rloaa Sheffield
Tennessee Coal and Iron i
Texas and Pacific
Unlou Pacific.
United States Steel
do. preferred
jtlnla-CarolInn Chemical
do. preferred
Western Union..../
Wabash )..!
do. preferred...,,
11GH 117 V 116U 117% 117% 117
197 197%
67 |
474
73'*! 76% ?<>,* 74%
158% 1601* 16 1 ; i:*3%
196 ! 197% U»%! 197
65H 57
44% 47% 47%
•a« | si i 86% 36% 3>.%! 86%
...... ...!•• 101%| 101%
16% 16% I 16% 16tj| 16%| 16%
371% 174% 169% 174%| 174% 171%
212% 214 I Ml | 214 —
57 5S% 56% 4S';
SH UN U?s S*
1C 16.’ 161% 162
173% 176% 174% 176%
63% 60% 59%
141%! m *-
n% ri%
w% 91%
47% 4'%
Ji 5
to 71 above; local rains Itt Iowa and ti
ll nolo.
Ohio Vallex—Fair tb clear; 74 to 78 above.
WEATHER-FORECAST.
Frida}*; light to fresh south winds.
Georgia nnd East Florida-Occasional
showers Tbnrsda/ and Pridaj; variable
winds.
East Texas—Local showers Thursday and
Friday; fresh sooth winds. •
West Texas—Pur tly cloudy Thursday,
cooler In north portion; Friday fair.
Arkanaan— Partly cloudy Thursday, show
ers nml cooler at nl«ht or Friday.
Tenneaaee and Kentucky— Partly cloudy
Thursday; Friday, showers nml cooler.
Illluola, Indiana—Continued warm and fair
weather, except possibly lorn! thunder-
storms In extreme north tonight or Friday.
Missouri, Wisconsin. Iowa. Dakotas, Ne
braska, Kansna—Generally fair, except prob-
bly local showers; continued warm.
Michigan—Khowers and continued thunder-
torms tonight nnd Friday; warmer tonight.
.Minnesota. Mournna—MUowcrs tonight and
I rid.i, cooler l'ildny.
COTTON CONSUMPTION
IS ADMITTEDLY LARGE
New York. Jane 38.—'The Pun eaya: "July
was not such a terrible affair at New Or
leans after all, nml hulls plucked up cour
age partly on that account, though there
was a good Meal of buying by Price broken*
as well. The New Orleans notices. i*npcms.
amounted to not more than l.Ooj or 1.500
bales, whereupon July In the Crescent
City tmunded upward In a way to set
Iwnrs thinking. Besides, Providence. It. !.,
(s advancing wages, big spot Interests here
hi* bin Im: st'-.idllv. ii ml t here I* h huh
plrlon that the market In short for Houth-
ern. If local shorts bavo greatly reduced
their lines. There was n good deni of
covering In both crops. Mr. Price seems
under the circumstances Is, of course,
steadily decreasing and It Is now down
to very nearly the same figures as those
„ erpool
Iffaafi. spot sales there lielng light, the ab
sence of outside speculation and a large
number of bearish crop advlcea which are
Pricea from time to time must arise tm .«
from the overdoing of the short side thnn
onytblng else, although the consumption
pf cotton throughout the world Is admit
tedly large, howager find the bears may
be of hearing almnt It. Tomorrow Is no
tice day on July."—Olbert Sc Clay.
New Orleans, Juno 28.—The Tlmes-Dcmo-
erst says: "Yesterday's cotton market
played Into the bands of the July long ami
re-established some of the waning conn
denro In that murh maligned position. Lo
cally, tenders of July cotton were In very
small volume, while nt Now York tho fact
that cotton tenderable at Liverpool may
be taken over nnd exported nt a profit
helped the option along. Meanwhile mid
summer bull manipulations were enabled
to enjoy the discomfort of July shorts,
though by no menus were they In position
to demonstrate to the little follows com
plete safety Insfnr ns the current ImiIIIhIi
dogma Is concerned. Thus, the situation
In the old crop, while distinctly favoring
some of the contentions of high price man.
Involves n rnther well-defined element of
doubt go long na manipulative Interest shall
exist. On the other hand, professionals
have generally begun to flud logic lu the
whole should not be considered In
most excellent condition. Rurh Is an-
douhtedlv the ense In the Now Orleans ter
ritory. l/tat month tho government report
ed the condition as 84.6, as against n ten-
big crop ytar
of 1904 the monthly averages wero June
n. July IS. August 91.6, September 14.),
October 75.8. Thus, several rather compli
cated questions arise to mar the c|r>nrncss
of crop condition guesses, one. of which 1
STOCK 8ALE8.
Private Wire to Clln-rf & Clay.
Chicago. June 21—Wheat cables a shade
higher. The Price Current reports wluter
harvest progressing favorably. Indications
are that uuather Is turning very hot in
the northwest anil this, coming on top of
recent heavy rains. Is likely to cause
marked anprehcnslou of damage, latrge
Minneapolis milling Interests wero IllH*rs
buyers of their September yesterday am
northwest also bought freely here. Look
for higher market.
Still favor long side of corn and oats.
Cash demand for both excellent.
work up a rust scare on wheat. Attention
was persistently called to the heavy ralu
and tho prcdli-tious of hot and muggy
weather to follow. The trade Ignored tie
fad that t'Mi'i.l f<>r •-••m.- <-f Mi-
drum wheat, which Is presumably Im
mune from rust, the plant has not yet de
veloped far enough to lie subject to dam
age frmn rust. No stalk has yet appeared
and It will he something new lu wheak
growing If rust allbuld attack the blade*
with oerioua results nt such a prematura
stage. Tho trade had lu mind, however,
the disastrous experiences of 1>M wheu tin*
retl rust reports wero followed by real
htnrk rust dnmnge.
"A Minneapolis
'Considerable stress ■■■■■■■■■■I
r.-p-utM t.f r.-<l nist. \v»« have never raised
s erop but what we had more or less rust.
This appears only on the leaves at the
present where fields hare received too much
rain, snu at present Is unimportant Great
Improvement will show up with
weather. Think the crop In the
west promise at present to I** as g
we have bad In severs! yenrs.*
"Excellent reports are cowing from south
ern Illinois on tho wheat crop. Cash grain
concerns operating there, say that the yield
la the largest lu teu years. 0
I have
•elllu
Boland,
crowd la
Price Current. Cincinnati: "Winter wheat
good. Corn (a position to make rapl>
progress under favorable weather and nut
look encouraging. Oats decidedly short, but
Hoinewhnt Improved. Packing 630,000 hogs,
against 670,0W last year,
WARE & LELAND'S "
DAILY COFFEE LETTER.
New York. June 28.—The coffee market
opened Steady and unchanged to fn ad*,
vsnee of & points. Males to midday only
6.oc») bags. Of the European markets.
I lavra waa unchanged and Hamburg uii
changed to %. lower. The European mar-
b«t-- tlltl If! i- hi...ii.| I.. Hi.- |... ,i| % . Hu. h
of the prevlmia day, but there was nothing
to enmurnse buyers In the regular new*
from Brasil. The rate exchange was 1 LM
higher. Receipts were liberal, the If
ports gettlug 24.000 bags, against 21,'»-y
bags last Jtaar ami the Jundlahy 18.600.
against Xl.OOO Inst year. With threa ii
■ In.' H III III" M- IS..II to III- II rioiii mill
ccnits at the Brazilian ports to date about
lo.lvi.oon bags. It looks like a cnramerctal
crop of Just about RSO.OOO bags, which
is n mu.- o\i-r the iigiii- • --r n \- -
and Just almiit rnldwny between the late
crop nnd that of two years ago. Thia
Inrreaaa In the yield over the hiiiiII cro|
of Inst year Is not sufficient to Indlcati
7 Improvement In Ibe plnutntlons. Im
. _.ecta rather somewhat batter went lie
•luring the growing h.-hs-.h. J. i». m 11li h
devoiopampt
n favorable
BS
crops might
New York, June 27.—Following are np w
nd closing quotations for coflfoo for futurs
delivery today In New York:
Opening.
Bangs. Close.
January .. •• ,. .. .. fi.ar.n6.7S 6.754/67
~ “ m 6.751;6.W 6-80<M.l6
Starch
April .
sioy ..
. tember ... ..
ndolo-r
November ... ..
December ... ...
sed steady.
7,'C.
7.1')
IPBw6C«!5rTa®fi.a5
... 6.3)06.26 6.80O6.K
... 6.2WI6.30 6.405/6.4.'
... 6.:r.f/fi 40
... < r.?i6A0 1.1606.00
... 6.50fi6.G-) 6.65m.70
... G.60®6.G6 6.Q6«|>!.'••)
1 p. m.V .7 7 7 •• ” 7 si
2 L0*
Totul .. LU
COTTON SEEP OIL MARKET.
Opening. Close.
Jane sfi% 26 % w
July »%#/9l% 2ii M'.%
Heptembar 86%ff37 36%t/37
October 24 MM |4%ii •»%
November Sift'd# «l%ti
Deceml»er 8S%$31%
ClosecT steady.
(T
ATLANTA NATIONAL BANK
ATLANTA, GA
C. E. CURRIER. Prc.ldenL A. E. THORNTON, Vlc-Pr«.ld«nt.
H. T. INMAN, Vlc^Prcldcnt. GEO. R. DONOVAN, C.hl.r,
JAMES S. FLOYO, Ai.'t Ci.hl.r.
Capital $500,000.00
Surplus and Undivided Profits $500,000.00
We Solicit Your Patronage.
HAVE YOU ANY MONEY AHEAD?
Is It Invested where it Ii perfectly safo?
Is It available now It FORTUNES should knock at
your door?
Prepare yourself to tako advantage of opportunity
by Inventing your aavlnga In this bank, where they
will earn 3V4 per cent COMPOUND INTERE8T. be per
fectly aafo and available practically on demand.
CENTRAL BANK & TRUST CORPORATION,
CAPITAL $500,000.00
Asa G. Candlar, President.
W. H. Patterson, Vice-President. A. P. Coles, Cashier.
John 8. Owens, Vice-President. Wm. D. Owens, Aset. Ceshier.
PIEDMONT BROKERAGE CO/8
DAILY MARKET LETTER
New York. June 28. — Liver pool snot mar
ket ires dull ngnln today, spot safea being
only 6,M0. and while futnreil were steady,
our opening was at last night's closing,
and soon weakness developed In tint new
crop options owing to more favorable
wait her conditions. It la expect<-t| that
the gin eminent report on July 2 will show
ft deterioration of about 3 per cent. Uver-
pool has been a large buyer here of the
summer months on tno difference between
Ibe two markets. At one time the foreign
market' wee 149 points above New .York
pricea, whereas M points difference exists
now. The new crop options are under
weight against hedge a. with short covering
the only support. The market shoes n
larger outside Interest than for sonin time,
anil we only look for n trading market for
th« present.
Htocke— In the opening hour this morning
prices underwent a severe break, an«l low
records were made. After the first hour
vigorous support was fortbcnrolug and a
■harp fill/ occurred. The rumor on Amal
gamated Is that at the directors* meeting
next week the aterk will be placed on oil
per cent basis. These Increased dlvldrmls
on various stocks coming at the time when
the attacks upon the corporations by the
government am being overlooked, om| the i
bargain hunter will eoon make his ap-
penranre. When tbo market Is breaking i
n iiuirknhlc railroad earnings ore unnoticed.
Tb** Atchison reported on IncrcsM* of
ly $706,000 net for the month of May, i
Increased dividend Is looked for on t!
stork. A good scalping market la now
and quick turns ran lie made.
CEREALS OPENED
SLIGHTLY LOWER
THE RESPONSE IN LIVES-
POOL WAS SMALL.
Rains Fell In Harvest Districts,
with Further Rains in the
Northwest.
By Private Loagod Wire.
Chicago, June 3?.—Sentiment on
wheat la badly mixed. There are a
few big longs and they are working
Industriously to advance prlcca. Wheat
dosed 6-SOS-4C lower for the day.
There wus leas bull news than In &
week or two, while bear news was
plentiful. The Jonea-Inglla report on
winter wheat In principal fitatc* given
a total of 211,000,000 bushels. The
grand total Is 420,000,0<mi, the largest
In tho. history of tho country.
The closing for corn showed that
market was 3-8CR-8-! lower.
Oats wer# l-8(fl-4f up to 1-8
l*4o off, and provisions were oft a
■hade.
CHICAGO GRAIN MARKET.
fob
The Chicago grain market ranged
lows today;
• Previous
Open. High, f/iw, Close. Close.
WHEAT—
y .. ttft 53%
I. .. 88% M%
P, .. M% 81%
onN-
U:1 1
i* I
Dec .
CORN-
Juf
Hep.
!».-.•
OATS—
Hep.
31
82 \
«%
»1)S
r.j%
5*»%
38%
36%
1lee. .. .
July .71L00 17.12% 17.00 n.D% 12.17V
Hep. ..16.72% 14.80 16.56 16.80 14. HV
Jan. ..14.90 14,80 14.76 14.80
LABD-
July .. 8.T2% 1.78 1.70 8.75 4 80
He IK .. 8.90 8.83% 8.85 8.91ft 8.87V
Oct. .. 8.92% 5.92% 8.86 t».92% h.97V
H1DMH-
Jnly .. 9.86 9.22% 9.27% 0.32% 9 32‘4
Hep. .. 9.25 9.21 9.2$ 9.*'» 9.26
Get .. 9.03% 9.06 9.00 9.06 9.«f»
Cash Whcot-Nn. 2 red, 874i88; No. 3 do
No. 2 hnrd winter. 83^84c: No. .1 do
7«/*lc; No. 1 northern spring, *MjS7c; No. I
do, I4GS6c; No, 3 spring, lljfSlc.
NORTHWEST CARS.
Today. Week. Yc
PRIMARY MOVEMENT.
The following fignri
CHICAGO CAR LOT8.
Today. Toi
LIVERPOOL GRAIN MARKET.
■Wheat open**
higher; closed i
‘ n opened 1
% higher: 130 p.
lirllftligcd !<i % hlghe
, higher; 1:80 p. m , »
SOUTHERN EXCHANGE
Oldest Established Office Routh.
COTTON STOCKS BONOS -Will
Ground Floor Gould Building. Dally
mnrket Jetter and market manual
mailed on application.
L.J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, GRAIN
Cormpondut'i Capital 1250,000
W1I. L TKEU hrretd».t
ROBT. r. MADIIOX. W*-Prra.
MADD0X-RUCKER BANKING CO.
CAPITAL $200,000.00
SURPLUS AND PROFITS .... $500,000.00
ACCOUNTS INVITED
Wc invite areonnte of iiulividunlp, corpomtionn, banks
and bankers nnd offer the best terms connmtcnt with
conservative banking.
In our S.ivlr.;-- D-parim-nt «<■ ntlow bMere.t nt th. Hare of 3 1-3 por