Below is the OCR text representation for this newspapers page.

THE ATLANTA GEORGIAN. rnn»«t*iT. Jvsr. t*. nm COHON MARKET SLIGHTLY EASIER OLD CROP MONTHS DOMINA TED BY JULY. • Javorable Weather and Crop Ad vices Adversely Influ enced Old Crops. July manipulation was the feature at the opening of the cotton market this morning. The opening In this option was steady, but narrowness was ap parent with fluctuations of a character that would indicate that the trade at present does not expect anything sen sational as a result of the covering of a rumored big short Interest In that option. Tomorrow is notice day on July In New York, and the amount of tenders will be the factor In determin ing the course of prices tor the old crop months. If they are promptly stopped, be they large or small, the chances for a squeeze would be possl ble. The new crop months opened under light pressure, due to favorable weath midday showed declines of . , Trading was light. The government monthly crop report to be bullish, but as It Is made up from reports covering the 26th of June, It will not refer to the breaking of the drought In Texas, and the late favora ble 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 belt, which, If continued, will In- .... requirements of the world's consumers will keep pace with the Increase In production and the pro ducer can get a fair price for his cot ton. SPOT con ON MARKET. Atlanta—Steady. IMie. New York—Quiet, 10,80. New Orleans—Steady. lie. Liverpool—QaVet, 6.15*1. H -VieuMtit—Stead" let, 10 1 RANGE IN NEW ORLEANS COTTON The foltuwing Is the range In cotton futures iu New Orleaua^toilny: Open. High. Low. Dale. Jui*. Previous Close. Close. 10.70 Wire to Ware & Leland. fey *»»*• June 3.-It looks sa if ..vih iuc urtv iur me n coualdered as worth while. The Journal of Commerce mti: “The SLIhL th ® •P 0 * ■»*>«tlon, the i°i th ® * niou iT t *he dlsposl- !h. D J # r». not,c ®* here tomorrow sud ifULS. th * Itovernmeut report to be Sr*™?!? 0 '* 1 ** M to which, as might he expected, contrary opinion* are held. ■pf cu, * tlo « !■ not hut Its lean 2, -om ? *‘ n,H P«»t hare l«*n to thf Bnd *6®'®.*® therefore t su*nk-hm that If the market Is uot actually soft out and j?* , T er-,>,d 11 I* pretty dose to some such condition a* this. The corering during the **t *ew days by promluent Interests hu been oo a Urge scale." Uy?VOol cables: “Steady, featureless Market opened quiet Very little outside trade. Rtordau and Cone bought Mitchell. Schll! and acalperi sold, not see any particular feature today. Very good «elllug here from Liven nud local scalpers. No buying power. 1 ket looks weak. The Journal of Commerco thla morning •cud* the following na to conditions: Ton uessee—Conditions will show Improvement, though the cool weather, particularly the night*, hat checked growth, resulting In n Rinall plant and making the season teu to July farmers to keep wl„ resulting In dean fields, good cultivation nud a healthy plant. A number of sectlonn have since received helpful rains and with an average sen son from now on a good yield may be expected. Arkansas—Perfect condition le ret by a large number of correspondents, nomo claiming the beat prospects ever known. Dry weather has been favorable to cultlvn- tlou, fields are remarkably dean, and the njul ! No coi Cool nights I la only 7 localities ;m platan of lusecta are New Orleans, June 28.—Beer bought 4,000 ictober around 10.22c. ! temiieraturea are hlgb. Clay end Mason Smith sold July dowu. Local warehouse stocks today 115,589, against 116,620 yesterday, 142,297 Juoo 1st. 114,321 Inst year. Gelnny sold. v»> 10.604 IHV. .10.32 10.82 10.25 10.26 10.: Jan.' !lo!34 10J5 10.82 10.32 M.2MI 10-40-42 Mrh. ':7777 77777 77777 777777 loitTT'i'iiMe Closed steady. RANGE IN NEW YORK COTTON, The following I, tbo raugo In cotton future. In New York today: ^ l.nst Provlouf Open. Hlgb. Low. kale. Cloee. Clow. June 10.14-15 10.17*16 July .10.10 10.30 10.12 10.14 1M4-1I, ljtj-l* Ant. .10.30 10.33 10.30 10.38 10.37-3 10.3031 Sept .10.36 10.36 10.37 10.39 10.27-3 W.J3-M 7l0736 107S0 10736 10.37 10.38-37 10.36-36 Nor 10.27-3 10.37-3, !W<\ .10.41 10.41 10.33 10.33 10.344 10.4143 .'MM 10745 10.V 10.37 10.27-* 10.454, 10.45 1M7 10.45 10.45 lo! 45-46 10.1 Closed steady. LIVERPOOL COTTON MARKET. Liverpool, June 28, 18:15 i».W.—C^ton, •pot. demand quiet, with Price* middling uplands, 6.1Sd. Sales, 6.000, Ainer- loan. 5,900: speculation and export, 600. B*f*lpts, 7,000; American, 5,600. Futures opened steady. . opening Prttlout taw %?**• 5^85 ST te 77:::: s':” b:?m.t7 if " An,. Sept 5.71 6.68 6.00 8q>t.-Oet 6.83-6.83 6.004.41 .681 Oft-Xor 6.68447 6.554.5*4 6.50 Nw. Dec 6.674.64 6444.56 U Uw.-Jao 6.174.60 6.644.66 6.65 lan Kcl> 6.614.67 6.664.60 6.60 rth.-Mtrch 6.00 0.604.67 1474.60 Cloaptl quiet. TODAY’8 PORT RECEIPT8. The foltowlng table uhnwu recetptu at th. t n. today, compared with the Mine day it year: 1906 1106 .Saw Orlesns balrMton Mobfiu Mvaimsh ^harlraton "Ilmlngtou XOff Oik a.a.6.. Baltlmoro York Boston I'hlMolphln larkftonrllle Prnw.oln 1206 1772 2 Hi 24 *ii« SfLSi 1 gHsieii' Total 4170 M8 INTERIOR N OVEMEf 8T. ffoiiitnn 529 901 Mmk 73 ** JNraiphl* €4 <52 i Cincinnati 43 364 Total 1171 2342 ESTIMATED RECEIPTS. -few Drletna *>xperta 760 to OOO bfJ'*- •nln« 3.113 bale# aetnal laet year: Galrre- J* npwU 1.000 to 1400 lialee. agalnat 2.WI ICtllfl laa> —.... llau.lAn aThAptl —. SIBERT 4 CLAY’S DAILY v COTTON LETTER N-*r Orlettw, June 3,-Uverpool wee ly 'l*il»t. furnlablng the American inar- E* with no newa of eoaewjuence. bet. l7l r nc f rn “ tbe courte of option.. It la il* "»t«ml to limit that tn. excellent £5*2“ uude by the crop thuo f»r_]J»» S3"l the foreign trade wftb g^s-vrsus™ S?: *' r «*'fnt noteworthy. latbeaba.nc« w lack iimport value. Mgfed tMowInt [Jflr more natural lient. and were It not C the fact tkat the July’ podtlou «m I* 1 * *o utr of uncertainty. market price* JJdO douhtlea, ,bow farther decline* ow- 3*'• the remarkable pragma nude by the 111 Indicated by reports from all •*** The ring sella at every opportunity and the market has no buying power. At times It looks as If July loogs were selling oat and buying December at 60 polqfs. Spot* nro quiet at quotations. About 890 have been traded In so far. W fX. at p in., wa, 1 and 3 higher, we, expected to be 3 and 3 higher. Farrott bidding 10.38c far 6,MO AugneL Waco, Tex., wlrce a* follow.: "Weather Ideal; crop u, near perfect to poralble." Mnp te deir and comparatively dry, only light erattered mint having occurred In widely aeparated locnlltlc. of belt. . jUbt Southern Texae and for the balance of the dlutrlct Mower* and thunder ■tonne with cooler wenther. Ka.tcrn forecnet Indlcaten for R..tern Florida occlon.l rains Friday. For the li.lanc*, generally fair weather tonight and tomorrow. WARE & LELAND'8 DAILY COTTON LETTER . the leapt Inter. eating of the laet tea day.. The cotton iHiught yeaterday to advance the market came out at the opening and October ran from 10.35c to 10.31c In a few mlnnten. Thla ihowa the nneral character of the market, anil the fluctuation, aeera to grow Im rather than more extenalve aa tbe govern ' ” * roarhedT Tbit ment retwrt of July 3 Is approached; This I. due In a mea.ure to tbe dlijioeltlon of tbe July option pretty well liquidated, and rain. In Teinn eufttclent to carry ninny counties through, without ad- dltlonal mol.ture for aome time, tba Ud news neenis to be about nil out nud aome- thing will he needed to start another de cline. Report, from the Kouth Indicate fa- voralde progrera over the greater portion of lha cotton licit, but cotton le being con.umed In .neb large quantities that It will require a line action throughout to raise enough cotton to .apply all wants. It must not he forgotten that cotton hut ranged between We and 12c for twelve months now and consumption ban not been restricted. The crap has yet to PM, thre, trying months and In the meantfme pr.,8 'y.'"* _«ll ooo.I.I | n nnlob i.mRl New York. June 3.—Btockn-Unulditlon ..Iu has .wept over the market this the lint wave bring it tbe open naiT the second n little more than in' ■ Inter. Around the new low level, p very good Imying was encountered, the market rallied "n tke afternoon to u .ahetantin! extent. It aeema to ua at thla writlna that tlw argent liquidation ban been finished on this movement, at least, imd we repent our recommendation to boy iood.tork.oa raids. There In no reanon ?.r utiudonlna the trading poaftlon. lint It Jh^uld be modi Red to the extent that pref- pntnre lx> cir«n to the look BWe. H e tntak r£S3w. Mrratire *action for moderate profile. tlon. of the hrit Onr own advlcen today ire fraught with Infonnutlon of u like ten- *” uomepolut.ba U* licclarlng that the crop In thore aeerionii romp*re favorably with tbe nw of year*. It la entirely • weather market and IM** •Lei* an* roremed by the Information re- IXTSi fJlonga. condition, remajn •• exlstlmt aentlm* ;&SMy renree jmtw feffcctlre muri '* «■ AU8AMA »T. GIBERT. & CLAY STOCKS. bObd*. c OTTON. CMAMJ. ATLANTA. OA corvee. PROVISIONS icMneni orb *•, 2 r-Te® rd ot Trade.|«nive,wn Criton Cxchnngs i 1 EicM °^?7 R, FAOAN, Manpaer. ^44*1 and Lena DlnUnce Telephcne 520*. SELL OUT STOCKS WAS THE RESPONSE. Was the Dominant Influence at the Opening—London a Heavy Seller. . Jork, Jane 28.—A continuance of liquidation At the outaet of today'* deni Inga had been pretty generally expected, Calla for margin had Ikhmi sent out to com! nilsuloii houpe pnlrona last ntglit, nud tbe reaponae waa onlrra to aell In large quan tity “»t the market." Iu ndilltlon to thla. and of more Importance, waa the further throwing over of holdings by the pool* and cllquea who had become thoroughly alarmed at the failure of their efforts to atem the tide of selling ou the previous days. The combined result of the heavy offerings from these two source* waa erlod of demoralization lasting through He first hour of hustaris. In the course of which all the lending Issues weut well be low yesterday'* low level. At the low figure* of the morning there were evidence* for the flrat time of buying of a aolldi character, picking uft_gtogka^j^ r g uft atocks quietly aa they fell from tne hands of frightened speculator*. Thla buying waa very heavy e-A — A , n n|^ — — - ---• •- and persistent rcctlona.f and by J une* . . . . _ dly, and when the announcement waa e of 14.000.000 Import told engaged, prices were carried up for substantial gains on the day. to % . Anaconda Aumlgaraateil waa \ 1 Pacific lost IU. N JHH , . Hadlnn Pacific. Colorado Fuel, Illinois Central lost H to H. Jef fnctor In the market bo Dt to»lny has been the liquidation at tlu- opening and In the flrat few minute* of *p«»oulatlve holdings. Broker* doing *'**• largest business said that the calls I I margin* waa almost without pracedent, a ml lower, Pacific 1H, ( B 58 the responre wn. to rell out Ihu stoi'k. rnrrieil. It wan this relllna thnt wn, the ilonilnant Influence at th* npenlmt. About 10,000 ihnrc* were enlfl here In the flrat for Ixmilnu account. Qorernmcnti unchtnfcil. Other bonua trrefulnr. THE WEATHER. LOCAL F0RECA8T. Atlanta nurt Vlclnlty-Ucuernlly fair to- nlfht ami Friday. WEATHER CONDITIONS. The nreaaore baa built up over tbn eaatern half of the map it urine the past 24 honra, and Is highest over northern Alabama. f low barometer *, Mont., where pressure Is 29.40 Inches. The relative positions of the urea, of hl*h and low pressure are causing high tem|»eraturea at nearly all station* east of the one hun dredth meridUu. the iaotharm of 70 degrees running from the northern border of new England westward . Into Sooth Dakota, thence nouth Into western Texni. Ixtw temperature* nravtll it nil Rocky Uoun W Hhowcru OI hnre occurreil on th* aonth At lantlc contt. In Texna. the lower UlMliulpp Volley, the reflon of the tlrent Lake, and the iiorthweat. .. „ . .. The condition* favor generally fair weath ,r In tbl, nectloa tonl^ht^b^ JBlHIIv, Local Forecaster. COTTON REGION BULLETIN. meridian time, June 38. stations or ATLANTA DISTRICT. •Atl.ntn, clear..... -chatunootpi. elear CotnmlmA clear tlnlneavilla, clear Ureenrllle, clear Griffin, dear •Macon, clenr ’loatlcello. clear fewnnn, clriir Rome, cloudy..... Hpartunbiirx. clear Tacci*. dear. Went Print, clenr •Minimum temperature. = J m x .00 are for 12-bour period cndln* nt 8 «. m. tkle date. lAte report. Jimc 37: - Tall.poo**. I*, cloudy....I M I ■ l~TT Henvrltalnfnll: Hanlchurat. Ia., 3.o6. CENTRAL STATION. Atlanta Auxustn Fharicaton ilvcaton ...•>. Jttle Rock W!;:::::::::::: ntgomery _w 7>rl*#u# ....... Oklahoma Savannah Vicksburg Wilmington ...... Indiestea Ina 1 Diet. Averages. ippredable rataiall. Remarks. .<* ■ no^edWiTJ^Sm'Sr^M: - ralKu'V «H\ r J to .flxhtly wanoer. There In A. Auguutn dlotriet tnd for AtlanU, Charleatou. Oklu- dlelrlct. were Immaterial; moderate ‘ -‘-rwhet the amount. boma dletrtc —. _ - . •bower, occurred eleewhctr Loral WEATHER IN COTTON BELT. Texa^-Tyler. cloudr_nnd pUnMUf. Ir a A^I.'rcIraV;^ shower* yesterday, hot. Hesatoa. cleai e .- 5 M'?ra,Vn , S7;. 'Mrtwra nirnia/• *rnuwN, Wlmm*. cloudy and rate yesterday. Bropkbnven and jaraaou, and warm. Vlckalmr*. clear and enri. Ila.lehurat. dear and boTi hard rain last nl*bt. Natch**, clear nod plees- ft> AUfanma—HuntavtIU, riesr andI raot; rain jont.rdnr Koutfimrrr, clear .ad 'hot. Opr- Hkn. Selma nud lilnulnxh.m. clenr and clear and bpt OeorflU—Attant*. kaay and America*, i Yj^ulalana—New orb-ana. dear and warm: kart rain yententey. Shreveport, dear end Senna u. ’ctaar. 72; ImIUa cloudy. «L WEATHER IN WHEAT BELT, American Muirnr Anaconda American Locomorire.. do preferred American Smelting Ilefinlug., do preferred * IK) |irf‘UTrCO. American Cotton Oil Baltimore and Ohio... ORIIIIillNV 14 Ilf I UHIVi,4*4*81.eece Brooklyn IUptd Transit Canadian Pacific.. Chicago and Northwestern Chesapeake and Ohio Colorado Fuel and Iron..... Central Leather do preferred Chicago and Great Western Chicago, Milwaukee and 8t. Paul Delawara and Hudson... Distiller's Securities Brie do ; General Electric Illinois Central American Ice Securities Ixmlsvllic nnd Nashville.. Mexican Central... Missouri Pacific New York, Ontario nnd Western., Northern Pacific.. New York Central ; ; Norfolk nnd Western Pennsylvania People's Gas tn Pacific Sli Iteadlnj referred Reading Republic Steel Rock Island..... do. preferred United State* Rubber dcf. preferred Southern Pacific Son them Railway •ferret!.. nnmn-mirujFld Tennessee Cool and Iron Texas and Pacific Union Pacific.... United States Steel do. preferred.. Vlrglnla-Carollnn Chemical do. preferred Western Union * Wabash do. preferred Wisconsin Central..... do. preferred to 78 above; Iqcal rains In Iowa and II WEATHER FORECA8T. Louisiana. Mississippi, Weat Florida am Louisiana, MlHsiMBlppl. West Florida and Alabama—Occasional showers Thursday and Friday; light to fresh south winds. •bower* Thursday and Friday; vartai winds. East Texas—Local showers Thursday and Texas—Partly cloudy Thursday, north tMirtloii- Vrl.inv f n | r . PUjay/sbowj 'Tennessee and Kentucky. Thursday; Friday, showers ami cooler. Illinois, Indiana—Continued warm and fair weather, except possibly local thunder storms In extreme north tonight or Friday. Missouri, Wisconsin, lown, Dnkotns, Ne braska, Kansas—Generally fair, except prob* Ichlgnn—Showers ami continued thunder storms tonight nnd Friday; warmer tonight. Minnesota. Montana—Hhowera tonight and Friday, cooler Friday. COTTON CONSUMPTION IS ADMITTEDLY LARGE Ntw York, June 28.—Tho Bun soys: “July as well. The New Orleass notice*. IStaeetns. amounted to not more than 1.000 or 1.600 bales, whereupon July In thp Crescent bears thinking. lying stemmy, ana tnrra la n sus picion that tbe market la short for South ern. If local aborts Imvo greatly reduced their Hue*. There was a good deal of covering In lioth crops. Mr. Price seems bought that month heavily of late, and si wn October and December, while ho has made largo sales of spot cotton, nnd It waa rumored yeaterday ho hnd other larga transaction* under way. Tho atoek here under the rlrenmstai|eM la, of course, steadily decreasing nnd it la now down to very nearly the anmo figure* aa those Ig excess over that of Inst year. The speculative flaws In the cotton altiu are rather disappointing. Liverpool vices, spot aalea there being light, thi situation . tbs ab sence of outside speculation nnd n large nuiut*er of bearish crop advices which art ' * * —— Tbs ““ being received by various firm*. Tbs gen eral belief la that tho crop as a whole la looking well, and that any advances In dug of the short side than although the m of cotton throughout the world tedly large, however tired the beam may hearing about It. Tomorrow Is no- JV tlce day on July."—Olbert k Clay. jNew Orleans, Juno 28.—The Tlmea-Demo[ erat aaya: “Yesterday'* cotton market played Into tbe hands of the July long nndj re-established some of tho waning eonfl donee In that much maligned position. Lo cally, tenders of July cotton wero In very small volume, while at Now York tho fact that cotton tendergbls nt Liverpool may be taken over and exported at a profit helped tho option along. Meanwhile mid summer bull manipulations wero enabled to enjoy tho discomfort of July shorta, though by no means were they In position to dcinoiiHtrata to the little fellows com plete safety MU ns tbe current bullish dogma la concerned. Thus, the eltunthui In tho slfi crop, while distinctly favoring KBtiidIkifftatwu of high prirtgam _— her well-defined elemeL.—. doubt ao lonjr ns mnnlpulatlvo^^^^^^^^ exist On th. other lmnd, professionals have generally begun to find logic In the belief thnt the government's crop condition report for June, wilt on Its fare show deterioration, though Informed students of tho staple see no reason why the crop whole should not bo considered In most excellent condition. Such la un doubtedly th# case In the New Orleans ter- tonr. (.oat month tba government report- 1 the condition as 84,4, aa ognlnst n ton- year average of t4 9. In tho hlg crop yi of 1904 the monthly averages wen* Jt July as, August M.8, tteptemher 8i|, tho big crop year monthly . Augii"! 51 . October 75.s. Thu*, aevernl rut her rompll rated questions arise to mar the clearness of crop condition guesses, one of which |r Was or wa* not the June condition lively too nlga. —War* & Leland. rola- STOCK SALES. 11 a. 332.A 12 «a.<N 1 p. ttft.R *Totni°'.'. V. 77 77 77lt%S Private Wire to Glbert & Claj. Oilcnpo. .Inn*' is. \\ I,.- it . »'* ri •*' higher. Tho Fries Current report* winter harvest progreaalug favorably. In<lff*atl<>i.« nro thnt weather 1s turning very hot Iu tha northwest and this, mining on top of recent bonv^ rains, la likely to causa marked apprehenslou of damage. Larga .Minneapolis milling Interests were libera buyer* of their September yeaterday am northwest also bought freely here, * higher market. Look for hI|HH 8UU favor long side of corn and oats. Cash demand for both excellent. Record-!fernld: "The northwest displayed an anmlstakable tendcucy yesterday toi work up a rust scaro on wheat. Attention waa persistently called to the heavy rata and tho prcdictlouii of hot and muggy weather to follow. The trad* Ignored the fact that except for some of tbe early dram wheht. t. which la presumably Ini inune^fnun_ rust, tho^ plant has uot yet de loped far enough to lie subject to daui' nge from ruat. No stalk has yet appeared and It will be somatblng new In wheat growing If rust should attack the blade with ssriou* results at such a premature d f however, stage. Tho trade had In mlhd.^BIWIfH? tho disastrous experiences of 1904 when tlie red rust report* wero followed by real I'lurl* mst damage. "A Minneapolis correspondent writes: 'Considerable stress Is being laid to the reports of red rust We have never raised a crop but what we hnd more or lees rust. This appears only on the leaves at the present where fields have received too much rain, and at present la unimportant Great Improvement will show up with clear weather. Think the crop In tbe north west promise at pretent to tie aa good aa wc Imre hnd In several year*.' “Excellent rep«rte nfe coming from aonth- era Illinois on tba whaat crop. Cash grain concerns operating there, aay that t la the largest In ten years." June 77«IO p IICMUUi 38.—'Th. crowd lo r,r» boufht wbcat. Mid; IM Lab. MlllDf. Price Current, Cincinnati: "Winter trh.-it Ml' buY«. have all harvest progressing under favorable condi tions; yield equaling expectations; quality good. Corn In position to make rapid progress under farorahle weather and out look encouraging. Oata decfdodlv ahort, but somewhat Improved, racking 620,000 bogs, against 670,000 last year. WARE & LELAND’S DAILY COFFEE LETTER. New York, June 28.—The coffee market -B. _ r tata. Sales to midday only J OQO bags. Of the European markets, nvre was unchanged and Hamburg un changed to hi lower. Tho Euro;>cau mar kets did not respond to the local sipciitiefl of tho previous day. but flierc waa frothing to cnrounigo buyers In the regular ncqra from Brasil. The rate exchange waa l-82d higher. Receipts wero liberal, the tro porta getting 24,000 bogs, against 21,'i00 bogs Inst yeor and tbe Juinllnhy 18,000, ngnlnst 21.000 last year. With three more <lll> ccmts nt th# Uraslllon ports to date about HUSO,000 bags. It look* like a commercial crop of just about 10.SO.000 bags, which and Just about midway between tbe crop and that of two years ago. Thla Increase In the yield over tho small crop of last year ot sufficient to Indlcnti lecta rather somewhat better weather during the growing season, an ;bu*, with n year ns unfavorable for developpuint ns that which produced tbe Inst ?rop, future crops might be even smaller, Now York, June 27.—Following are opening nnd closing quotations for coffee for future delivery today In New York: Opening, ft 1, •0 li January ,, ,, , February .. ,, March •• „ April , May , Juno July , August ... September ... ,,, October ... ,,, November ... ,,, December rinsed steady. Close. COTTON SEED OIL MARKET, June July September October November December Closed steady. ATLANTA NATIONAL BANK ATLANTA, GA. C. E. CURRIER, Pr*,ld«nt. A. E. THORNTON, VlM-Pratldtnt. H. T. INMAN, Vlo»Pr„ld,nt. GEO. R. DONOVAN, Caahl.p, JAMES 8. FLOYD. A„'t Ciihl.r, Capital $500,000.00 Surplus and Undivided Profits $500,000.00 We Solicit Your Patronage. HAVEYOUANYMONEY AHEAD? Is It lo vested where it Is perfectly safe? la It available now if FORTUNE ehould knock at your door? Prepare yourself to take advantage of opportunity by Investing your savings In this bank, where they will earn per cent COMPOUND INTEREST, be per fectly safe and available practically on demand. PIEDMONT BROKERAGE CO.’S DAILY MARKET LETTER New York, Juno 2ft.-Liverpool sjtot mar ket was dull again today, spot sales being only 6.»X), and while future* were steady, our opening was ot last night's closing, and soon weakness derelopcil la tha new crop options owing to more fovornblo weather conditions. It la expected that tlm i a deterioration of about 8 per coat. liver- iIm* go now. The, now pstats York weight against hedges. wPtV i The ms i Ifference c»l«f* ms are under _ abort covering tho only support. The market shows a larger outside Interest than for aome time, and wo only look for a trading market for tbe present. Hforks-Iu the opening hour this morning prices underwent a severe break, and low records were made. After tha first hour vigorous support was forthcoming nnd a sharp rally occurred. The rumor on Amal gamated Is that at the directors* meeting next week the stock will he plared on sn I per cent basis. Theao Increased dividends on various stocks coming at tbe time when make fcla ap- Increased dividend Is looked for on this CEREALS OPENED SLIGHTLY LOWER THE RESPONSE IN LIVER POOL WAS SMALL. Rains Fell in Harvest District!, with Further Rain* in the Northwest. Ilj l*rlr*t. Ira.ml Wire. Chlcaffo, Juno 38.—Sentiment on wheat I* badly mixed. There are a few bts long* and they are working Induitrlouily to advance price*. Wheat closed 8-IW2-4c lower for the day. There Waa Irsa bull newa than In a week or two. while bear n.w* waa plentiful. Tho Jon.i-Inglla report on winter wheat In principal slate* give* a total of 281,009.000 bu«hela. The grand total Is 430,000,000, the largest In the history of the country. The cloalng for corn showed that market wa* 3-84/5-Sc lower. Oat* were l-8(M-4c up to l-8@ 1-4o off, and provision* were off a shade. CHICAGO GRAIN MARKET. 84H OpeiL Illjh. WHEAT- July .. 88*4 Hep. .. 88% .. M'tt C&BN- ily .. 62N Hep. .. 63% lire. 60S OATH- _ ft = g July^H.OO fr.lJI Hep. ..18.72ft 18.80 Jsn. ..14.90 14.10 33 MS r,2i* ft 37ft 17.12ft 12 Irt ft<) in 14. W _ r DB8— July .*9-J :!9!02ft ft.75 t 07 ft i.97ft In. Oct. 9 if n.rft 9.05 Cash Wheat-No. 2 red, 87^1*8; No. 3 do, No. 2 hnr«l winter. tS<g$4e; So. 3 do. 7H^*lc: No. 1 northern H[irlug, S^j87c; No. 2 do, blf/Sdc; No. 3 spring, llQMr. NORTHWE8T CAR8. PRIMARY MOVEMENT. The following figure* gh movement of wheat nnd coi Wheat—Bereipta 2M.000 I 239.000 Imshela last buabsle. HM Corn— Ilecelpts 6M.OOO bushelR 000 bushels last year; ship bushels, against 7QB.OOO bushel helH. ngnlnst year; shipments WJ.OUO gainst 228."" i bushels InRt year. CHICAGO CAR LOT8. - Today. Toi LIVERPOOL GRAIN MARKET. SOUTHERN EXCHANGE Oldest KnGibllabed Office Routb. conoi STOCKS BONDS -fiMII Ordund Floor Gould nulldlnr. Dally market letter and market manual mailed on application. L. J. ANDERSON & CO Bankers and Brokers, COTTON, STOCKS, CRAIN Correspondsot’s Capital $250,000 RgrCNKNCC, THE NEAL SANK PHONE HIT. PUUOENTIAL ULOO CENTRAL BANKS TRUST CORPORATION, CAPItAL $500,000.00 Asa G. Candler, President. Patterson, Vies-President. A. P. Colts, Csthltr. “ Wm. D. Owens, Asst Csshisr. yt• n• ratio, suit, »*%«-• • i John 8. Owen*, VIccPruidsnL NertHwrat-lIrtly cteady; 84 to .4 aba.,; •rattsrad akawara. Wrat *nd K< " WM. L PEEL PrreMaat. KOBT. P. MADDOX. Vlra-rrea MADD0X-RUCKER BANKING CO. $200,000.00 $500,000.00 CAPITAL SURPLUS AND PROFITS . . ACCOUNTS INVITED Wc invite accounts of individuals, corporations, banks * nnd bankoni and offer the best terms consistent with conHcrvntive hanking. In our Saying. Department wa allow Intern! at tha Rate of 2 1-2 per * cent. Compounded H.ml-Annually, 'LAND 3, STOCKS, I ' Orlt.nl WARE A LE COTTON, GRAIN, PROVISIONS, he. 2 Wall SI.. Ftftrt t»*Hn»j. fttlisfi. C». MIMBIKS; fas f*rl C*ff*s fadiap. gear Orlttni C»tfm fidauft. llfttfl Coft«* AiiG</jf/o« hltil* Wire! f# Htm York, Ntw Orltant, Chifago. Ball Float I2i2. BONDS, Chiagi Board at Trada. Cb ago Sloth hthaagt. York Co*loa inhaaga. PIEDMONT BROKERAGE CO., (Incorporated.) Basement Floor Piodmhnt Hotel. STOCKS. *K)NDS. CRAIN. P*OVI«ION». INVESTMENTS, Fast Wire Service from N*w York, Now Orleans, Chicago. CORSCSPONOINTS M. J. SACK A CO- AZ BROADWAY, NEW YORK. tow. NOTH. Manager Lotsl and Loo g Pi float o tall Fhaaa 1391. .... . . — SB* i - r