Newspaper Page Text
THE ATLANTA GEORGIAN AND NEWS.
MONDAY, JUNE 3, 1307.
| • OPENED^ HIGHER
Selling by Professionals La
ter Caused a Slight
Reaction.
BUT RALLIED LATER
News From the Crop Con
tinue Bullish—South
Good Buyer.
NEWS AND GOSSIP
of the Fleecy Staple.
The Chamber of Com more* Wednesday
perfected nrrniwments for the pouting of
continuous quotation* from nil the principal
market* of the world for the Information
of business men of Atlanta and near-by out
lying towns.
Considerable interest was displayed on the
opening day, the majority of those In at
tendance being Interested in cottuu. nnd ns
the advancing quotation* were (Misted on
the South’* staple general good feeling was
the order of the day.
The government condition report will lw»
flatbed to the bourd room Tuesday at uoon.
Ji . _ upturn to unload a lot of
the staple In anticipation of the government
report to lie Issued at noon tomorrow. The
result was a sharp decline amounting to
about 6 points on the new crop months.
The close was steady net 16023 point*
higher, as compared with Saturday's finals.
Comparative receipts at all IT. A. ports;
Net receipts Monday, June 3 f 3.160
Same day last year
Decrease
Total receipts for two days
Same day* Inst year
Total sines September *i..’•!!!!!!!..,. !9,648,f>15
Bams time last year 7.60K.221
Increase 3,140,2*4
Estimated receipts for Tuesday:
New Orleans 60) to l.ooo
Galveston 2,000 to a.noo
Houston 2,600 to 2,800
orement at Atlanta:
Receipts Monday, Jtiue 3
Same day last year iro
Decrease 199
e lpments Monday, Juue 3 260
me day last year sno
Increase SO
Stock on hand Monday, June 3 6,496
flame day laat year 4.292
Increase 1,203
10.078
6.918
7.615
19.067
11,452
1906.
2.178
3.442
2.178
.None
TODAY'8 PORT RECEIPT8.
The following table shows receipts at the
porta today, compared with the same day
New Orleans.
Galveaton. . •
Mobile
Savannah. , .
Charleston. .
Wilmington. .
8pec!a! to The Georgian.
(From Hayward,. Vick Clark.)
Xew-Vork, lane 3.—J. H. Roche it Co.:
Liverpool due to come 2ftt/3 lower; opened
steady 4 lower on near and 6 lower on
distant. At 12:16 p. m., steady, net 6ft07ft
higher on near and lfttr3ft higher on dis
tant. Spots oulet 8 points higher; middling
“ 38; sales 6.000; American 6,9w; export 1,500;
merlcan 6.000. . . .
Porta today estimated at 6.000, against
l.ooo last year.
Manipulation In Liverpool continue*, fol
lowing our strength flsturday. Liquidation
has not dampened the ardor of the bull*.
Conditions bad. Speculation widening.
Stock exchange Unimex entire In cotton and
talking bullish. Advise caution over bureau
day. but we are bulla on cotton aud advlr
purchases on all decline*.
Kchlll bidding 10.96 for 6.000 January.
Quite a little selling here from abroad,
and local realising on account of better
weather map, but the predictions are for
more raiu tomorrow, and it la our opinion
that the man who leta go of his cotton
today will pay higher to get It back.
Following are the 11 h. id. bids: July
11,49; September 11.69; October 11.82; Jan
uary ll.W.
The Journal of Commerce special report
says: “Cotton prospect* poor lu Georgia
and Alabama; replanting three and four
times; poor stands very general, and cotton
not yet up lu many sect Ion*. Graaa and
scarcity of lnl>or. Home promising report*
from Georgia and percentage condition*
fairly good. Heed scarce and nome replant
ing In corn. Foreign mills glutted.
Sew Orleans, June 3.—Hayward, Vick Sc
Clark: Liverpool cables: “Do not think
price* will go much higher for the present.
The prospects of the trade are not encour
aging. Do not think tho market can be
sustained.” .. . .
Map, now Incomplete, Indicates showers
for north Texas, the Territories and north
Louisiana. Tartly cloudy to fair In south
cast of the’ cot too bolt. , . . . _
Weather condition* past forty-eight hour*
favorable. Generally fair weather In the
belt, except Atlantic*. Some scattered
showers Iti Carolina*; heavy lu const dla-
trlrtf*- Otherwise hardly any precipitation
lu the belt. . .
The Journal of Commerce: In Georgia,
season late from twenty to thirty days;
estimate* nre unfavorable or too uncertain
to he of mine. Numerous fields have been
replanted two nnd three times, and consul-
r “ii* Is not tin yet. Where cotton
Htnnd. It Is almost universally
but reports hero nnd there show
Edited by
Joseph B. Lively
MARKETS
Hr, Lively** twenty-fir*
years* experience of ed
iting market* In Atlanta
and the 6ootb baa made
him a recognised sn-
thority In bis specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
NAUR OF STOCK.
Amalgamated Copper . .
Atlantic Coast Line. • •
American tiugar Itef. • •
Anaconda
Amerlcsu I-ocomotlvt. .
do, preferred . • .. •
Am. gtne.'Uug ltef. • . .
do, preferred
Atchison
do, preferred
Amerlcsu Cotton Oil. • •
Am. Car Foundry , . . .
Baltimore A Ohio ....
Brooklyn Unpld Tran.. •
Canadian Pacific . . . .
Chicago und Northw’n. •
Chesapeake 4t Ohio . . •
Colorado Fuel A Iron. •
Central Leather . . • . •
do. preferred
Chicago A Great W. • .
Chicago, M„ A 8t. P„ . .
Delaware A Hudson. • • .
Distiller’s Becurltles. . . .
Brie
do, preferred ......
General Electric . . • • ,
Illinois Central
Am. Ice Securities ....
Louisville A Nashville. • ,
Mexican Central ....
Missouri Pacific
NAME OF STOCK.
N. Y., Ont AW....
National Lead. . . . .
Northern Pacific. • • •
New York Central. . .
Norfolk A Western. . .
Pennsylvania. ..•••<
People's Gas. - . . . .
Pressed flteet Car. • . .
do. preferred. • • .
Pacific Mall.
Beading. ........
Republic Steel.
do. preferred. • .
flloM-Sheffleld. • • .
Tenn. Coal A Iron. .
Texas A Pacific. . . •
Union Pacific
United States KteeL .
do. preferred. . .
Western Union. . ,
Wabash
do. preferred
m
•Ex-dlv. 314 per cent
NEW YORK.
*ytu«* Improvement with recent favorable
weather. Chopping fairly under way; labor
nrce and grass lu tunny fields; no decided
. ..nnge from last year’s acreage. Although
eorrespoudenee remark* depict a gloomy
outlook, estimates of percentage are not
"'llnSstSii wires: "Two breaks occurred In
the Colorado river levees, nnd the water H
limndsflug the valley country. Hater be
yond control, going over all crops.
BE8T OF WEATHER WILL
NOT PRODUCE ADEQUATE CROP.
3166 r
INTERIOR RECEIPT8.
same day Inst year:'
Houston
Augusta
Memphis
fit. Louis
Cincinnati
Total.
8POT COTTON MARKET.
of unfavorable weather for agricultural In
terests Is the rather monotonous record
bleb The Picayune 1ms hiul to repent
eekly for more than two months past,
he splendid weather of March, which gave
,,u» crops such a brilliant opening promise,
makes the dismal experience of the past
two mouths the more exasperating.
During the past week heavy rains have
been experienced throughout the cotton
belt, particularly In Texas, Arkansas nud
the delta of the Mississippi. Including of
course ljoulslnim. These rains have uot
only prevented the proper cultivation of
the fields already deep In grass, but, In
iliaiiv places, they have practically washed
out the late planted cotton, making u fur
ther replanting necessary, a process which
Inis now been several times repeated lu
many districts. Farmers are feeling greatly
discouraged, nnd It Is an open question If
such an acreage ran be worked during
this crop year us worked last season,
was originally the Intention of the fam
to Increase acreage, but whnt, with iu......
disasters and disappointments owing to
the weather and the replanting that has
been necessary. It Is more than llkelv that
many more fields will bo abandoned than
the new acreage will he worked. Poor
stands aro complained of. and much plant
ing will again tie necessary In Mississippi,
Louisiana and In portions of other states.
Bren where the planted cotton Is up nnd
growing. It Id badly In the grass, and, with
labor scarce, the task of chopping out nnd
, laving by the crop promises to be op the
I most difficult sort. While, no doubt, there
I Is some exaggeration lu reports coming
June..
July.. .
Aug.. .
Hopt.. .
Oct. . .
Nov.. .
Dec. . ,
Jim. . .
March.
TiTST
.11.61
.11.49
.11.64
11.87
•11.94
,11.96
.12.06
.12.13
Closed steady.
ilal 11 Ji
115311.28
11.43 11.66
11.49 11.66
11.69 11.75
11.77 11.93
11.94 11.94
11.86 Hia|
11.91
11.42 64
11.64 66
11.64-66
11.72-73
11.93 94
11.98-99
11.29 32
11.41- 42
11.42- 43
11.62-64
11.78
11.80-82
11.83-84
11.93-94
12.04-06
LIVERPOOL.
Futures opened easier.
Opening Previous
Range. 2 p. m. Close. Close.
June 6.83 -8.92ft 6.92 6.90 6.86ft
June-July... 6.78 -6.81 .... 6.78 6.74ft
July-Aug.... 6.68 -6.79
Aug.-Kept... 6.69ft-6.70
Sept.-Oct.... 6.53 -6.60
Get.-Nov.... 6.45 -6.53
Nor.-Dec.... 6.43 -6.49
Dec.-Jan.... 6.43 -6.47
Jan.-Fell.... 6.37 -6.45ft 6.44
Feb.-Mar.... 6.39 -6.44 ....
Mar.-April.. 6.40 -6.46 6.46
Closed feverish.
NEW ORLEANS.
nolldey on New Orleans
cotton exchange; no market*.
NOTES ON GRAIN.
Pointers on Provision!.
Liverpool, Ann; middling uplands 7.38.
Atlautn, steady; middling 12ft.
New York, steady: middling 12.90.
New Orleane. *t«>*dyft middling J2ft.
Boston, steady; middling 12.80.
Charleston, holiday.
Mi'imr, pirmi.T ; min
Galveston, holiday.
Wilmington, steady; middling 12ft.
Norfolk, Ann; mldd.lng 13ft.
Baltimore, nominal: middling 13ft.
Augusts, steady; middling 13ft.
HAYWARD, VICK & CLARK'S
DAILY COTTON LETTER.
New York, June 8.—J. 8. Ruche & Co.:
Prlees were strong at the opening. Liver-
' pool came higher nnd the advance at the
opening was checked by renllslug of ring
traders, who wero buyers late Saturday.
The crop news was still bullish, nud, nslde
from a disposition to await the bureau re
port tomorrow, prices held firm, with no
crest amount of trading. Although New
Orleans was closed today, support cuiue
from Southern operators, nud the noou
ducement to the bull to keep long, ’ not
withstanding much realising has taken
place. This, however, does not effect the
market. The feature Is the underlying
‘see of all kinds
done
Hood weather will, of course, add many
thousands of bales to the crop, but. Hide
situation has been very
that all authorities are agreed must
ly be reached If the world’s requirement
for the coming year nro to bo met."—liny-
ward, Vick A Clark.
ATLANTA MARKETS.
FRUIT AND PRODUCE.
EGGS—Active, 16ft«17e.
LIVE POULT BY—liens, active. 40c each;
chickens, active, 16636c each; ducks, I'ekln.
80c each; puddle 25c each; geese, full
feathered, 40c each; turkeys, dull 12ftc
pound.
DRE88ED POULTRY—Turkeys, undrawn,
active 14915c pound; fries, ucttvc, 2&B30c
pound: hens. 14c pound.
PRODUCE—Lard 10011c pound: hams sc
K ? pound: shoulders active lOfflle
ildes active lie pound; butter active
pound; beeswax active. 25c pound;
honey, bright, active 10c pound; honey, In
l-pouud blocks, active 12ftc pound; white
peas active 12.50 bushel; lady peas $3.56
bushel: stock $1.7502.16 bushel.
PRUlTfl— lemons, fancy Mcssena, JS
bnniiun*.
hunch, culls, active
L. H. FAIRCHILD A CO.’S
WEEKLY COTTON LETTER.
New Orleans. June 1.—As n cllmnx to ..
most eventful month lu cotton history, tho
past week has beeu replete with sensations.
Price changes have bseo rapid, and It Is
evident that there has been a wholesale
readjustment of Ideas throughout tho
ton world as to prospective cotton vs
The chief factor in the situation, of coi m
Is the unprecedented weather which has
prevailed throughout the cotton growing
states for the past month. Tho early ami
favorable start has been converted Into an
extremely late and unfavorable one. and
If advices from nil parts of the belt us
to hte present condition are approximate
ly correct, the possibility of even a fair
crop seems remote. We have repeatedly
expressed our views upon the subject of
cottou consumption, ami each week we be
come more convinced that the astonishing
Increase which has taken place during tho
last few years points to a permanent and
ever Increasing demand for American cot
ton, which from time to time will put the
producer to the test. After an adva
oruer. suo camion win is? in’i'p,,arv, out
the all-important fact that actual conditions
call for higher prices should lie kept In
mind, and when we reflect for s moment on
the many hardships that may attend n crop
that Is thrse to five weeks late, end give
due weight to the feet that the element
of uncertainty will ever be present, we are
bound to concede that predictions for ex
treme high price* are by no mean* uncalled
for. We favor purchases on reactions
straights jfa cents per pound; pineapples,
Florida stock, f3.U0tf3.60: oranges, rail for
nla stoek. owing to else and condition
ou arrival, per box, 84(14.50. Florida hon
ey peaches $203 per crate. Grnps
fruit, Florida stock, owing to slse am)
color, tier 1k»x, $5.00; limes. Florida stock,
per 100 $1.50; peanuts. In sseka averaging
100 pounds each, owing to grade, per pound
6ftp7ftc; dried apples, ”0$ftc; dried
peaches, llftc; prunes, 607ftc; cantaloupe,
83.00 crate. Strawberries, 10015c.
VEGETABLES-Yellow squash, $1.2661*50;
white squash $101.60 crate; cabbage. crsti\
3c lb.; tomatoes active. $3.60; potatoes,
new, $464-60 t»arrel; onion*. Louisiana
$1.75 per bushel; Egyptian. 4e pound; old
Irish potatoes active $1.1501.20 bushel; cel
ery. fancy, $2 50(13.25 crate; peppern active,
$2.50 crate; okra, six baskets, small. $4.00;
crate; lettuce, headed, active. $2.0903.00 per
crate; kraut, half barrel. $3.75; beans, round
green, $2,0' crate; wax, $1,2561.50 crate; ji*
pnragus. 15020c 2-pouml bunches; English
, . $1.75 crate;
beets, $3.<K) crate. ■■ . ....
bushel; No. 2, $1.25 tier bushel.
umbers. $2.00 crate
|H>t:it«»es, 91-&0 pc
. ushef
GROCERIES.
RICE—Jap Wftc; head 607c; fancy bead
6ftli7, according to the grade.
CHEESE—Faucy full cream dairy ITfte;
85c gallon: Georgia cane 36c gallon; salt
100-pound, 50c; axle grease $1.75; sodn crack
ers 6ftc |miuml; lemon 7c* oyster 7c; bar
rel candy, per pound, 6fto; mixed, per
pound. 6ftc; tomatoes. 2 pound. $190 ease;
$ pound, $2.25: navy beans. $2.40: Lima l*nn»
Cej In'St matches, per gross. $1.65; macaroni,
6ft07c pound; saWines, mustard. $3.25 case:
twins 17ftc.
HUGAH—Standard granulated. 6ftc; New
York refined. 4ftc; plantation. 5c.
COFFEE—Boosted Arbuekles $16; bulk In
hags and barrel* 12c; green 11012c.
Shredded biscuit $S case; No. I rolled onts
UK Sen.; M.'k «rtla. WpminUI haw. II.S6;
oyster*, full w-elght. $2 case; light Weight
$1.10 case; evaporated apples 7ftc pound;
pepper 18e pound: baking powder $5 case;
re«i salmon $5 ease; pink salmon $4.25 case;
cocoa 40e; chocolate 33c; snuft’. 1-pound Jars,
Vick St Clark.)
Chicago, June 3.—Bartlett, Frasier & Car
rington: Missouri Juno wheat condition 80,
MAy 82, last June 77, but Improved later
nncl crop was 36,000,000 bushels. Considera
ble damage southeast aud southwest by
lice.
Corn condition 74, a year ago 76, October
90 nnd crop 2:10,000.000.
Oats condition 75, a year ago 48, nnd
crop only 15.000,000. Warm weather uud
shower* needed.
Chicago Evening Post: ft room hail esti
mates the world's shipments of wheat for
Monday will he nlmnt 18,800,000 bushel*, lie
predicts some decrease on pnssage. Liver
pool wheat was easy nt the start, with
values ftd lower, being Influenced by the
bearish Modern Miller report slid very fa
vorable reports from Russia. Later, how
ever, the market steadied on reports thnt
there was buying, thought to he for Amerl-
enn account. At the close, however, large
houses offered freely and a reactionary
tendency developed. Thero was an easier
tone In eorp nt the opening, with value*
unchanged. Later the market gained ftd,
with fairly good support due to predic
tion* of smaller American shipments and
lu ayinpnthy with wheat.
Great Bend, Knn., wired: "After exam
ining the wheat carefully uin convinced 50
per rent of It Is whiter killed nnd **
bushels per acre will be all we can
with any kind of weather.
Mtoeks of lard In Europe nud afloat
ported to show 22,000 tierces decrease lu
month of May, 1907, against 6,000 decrease
same month last year.
Dallas. Tex., wired Logan Sc Bryan:
"Texas hn* been visited by heavy rains
for the Inst three weeks nnd unprecedented
cold weather. Have not heard of nuy green
bugs lately, but ns far ns Texas Is con
cerned don’t think thero Is any wheat to
work on now. These cold rains nnd chilly
days ure not good for the corn crop. All
sections report disastrous rain, hall and
wind storms, amounting to floods In a great
todny.
, „. The temperature
Go and a chilly norther blowing."
K. W. Kalb of A. d. Slaughter A f
now In Paris, cabled the follmvlug: "K
iiiniiltiii wheat crop came too late. Oats
predicament ns wheat
Kansas City house wired: "Moses Bros*.
Milling Company at Great Rend, Kan., tele
phoned In lute Friday afternoon that re
ports are coining to them from nil direc
tions In their territory of 40 to 50 per cent
damage to wheat liv the recent frost, that
Is Just showing up/'
8f. Louis message snM: "Our white ont*
were sold here Friday to go to Texas, cost
lug 4»V f- o. b. East 8t. Ienils."
TRADING IN WHEAT
ACTIVE _AT START
News Was of Bearish Aver
age and Prices Lost
Large Fraction.
Chicago, June 3.—Wheat closed 1-8®
l-4c off to unchanged. Corn was up 1-1
(fl-2c. Oats gained 1-803-8c, but pro-
vlslona were choppy.
Tho market for wheat sold off sharply
early on tho largo world’s shipments,
lower cables from Liverpool and Ant
werp. The appearance of the Snow re
port on crop conditions und prlvnto
messages from Kansas telling of the
crop ios8en there, caused a buying bee
to be Inaugurated and higher prices
were tho result. Snow made the condi
tion of winter wheat June 1 75.2 on
ucrenge standing for harvest, compared
with 76.1 May 1 on whole area planted.
Tills shows an actual reduction St 6
points or more during the past month.
Tho visible supply of wheut decreased
1.068.000 bunhela nnd oats decreased
436.000 bushels; corn Increased 357,000
bushels.
Condition of oats Is placed nt a very
low average—81.3, against 86.0 last yeut
und a ten-year average of 91.
The volume of business In corn und
oats was only moderate,
rovluions were quiet.
WEATHER REPORT.
WEATHER CONDITIONS.
With the exception of a small area of
cloudiness over western North Carolina,
northern Georgia and Alabama, clear
weather prevails oxer the southern half of
the country. Elsewhere cloudy weather Is
the rule, wltb rain falling at New York,
Boston and Portland, Me. In the last 24
hours rslu has fallen on the Atlantic coast
from South Carolina to Maine, In Tennes
see, the Ohio valley and at n number of
stations In the northwest.
The storm area Is now passing off the
The conditions favor fsir weather lu this
section tonight and Tuesday, with no ma
terial change In temperature.
COTTON REGION BULLETIN.
TIPS FLASHED
From Wall Street
Th« Financial Bureau: A atudy nt tech-
nlque shows that some stocks are display
ing a reactionary and others a rallying ten
dency, so that the dally trader should pre
fer the reactionaries as short sales upon
strength and the rallying Issues as pur
chases when weak, being guided by the lim
its shown from time to time, employing
the safeguard of a atop order and not neg
lecting small profits. The reactionaries are
Amalgamated, with limit* at 83 and 87;
Sugar 120 to U2; Baltimore and Ohio 94 to
96; Brooklyn Bapld Transit 45 to 64; Chesa
peake and Ohio and Chicago and Northwest
ern tips bearish: also Erie. Missouri. Kan
sas and Texas, Southern Hallway and Steel
with bullish Information and limits SI to 34.
le displaying a tendency to rally are
piuB]tlng«Hmit 112 to 130: Atchison S6 to
90. 8t Paul 123 to 129; Distillers 61 to 64;
Lead 68 to 61; Northern Pacific 120 to 128;
information bullish on Pennsylvania. 118 to
121, with big short interest. Reading 96 to
102; Southern Pacific 74 to 80: Union Pacific
132 to 136. with Information bullish.
Town Topics: We look for « lower mar
ket today, with a continuance of the pro
fessionalism recently manifest. We look
for rather aggressive attacks on Beading.
AmsIgsmatedCopper and Union Pacific, and
it would not be surprising to see them react
several points.
We would not expect too much in the
way of an Increased dividend for Smelt
ers, but the Car and Foundry tip seems
to hare something behind it.
Industrials, on the whole, are still on
the down grade, and we would prefer to
confine purchases on the breaks to the best
class of railroad securities, especially St.
I’llul, Atchison and the Hill and Harrlmao
•sues. We would wait for sharp declines
lefore buying, and for the present be satis
fied with moderate profits.
Buy cotton aud wheat for turns on breaks.
THE QUGAR MARKET.
New York. June 3.—Local refined and raw
sugar markets steady and unchanged. Lou
don beets steady; June 10s; July IDs ftd.
THE COFFEE MARKET.
tiavre si iu a. m., m
unchanged; aaJes 7.000.
Hamb —
advance
daring 1
213.197.
wv; iiucii fw.ww; aiarsci iijurim-.
Santos receipts 43,000; stocks 2,343,000; mar
ket quiet.
Sao Paulo receipts 33,400; Jundiaby re
ceipts 84,000.
The following figure* give the opening
range and close lu the New York coffee
market for today:
Opening
Range. Close.
.Tannery .. 5.35-5.40
February 5.305.45 6.40-6.45
March 6.46 5.45-5.50
April 5.40-5.45 5.45-5.50
May 6.40-6.60 6.50-5.56
June 5.45-6.60 5.55-5.60
July 5.35-5.40 5.40-5.45
August 5.20-5.35 6.35-5.40
September 6.30 6.86-5.40
October 5.3041.35 5.35-5.40
November 5.35-5.40
December 5.30-5.35 5.35-5.40
Closed steady; sales 28,500 bags.
THE LIVE STOCK MARKET.
STARTED THE WEEK
AT SHABPpEOUIES
lu the Early Trading Stocks
Were Under Pressure-
All Around.
LOST 1 TO 2 POINTS
At End of Ten Minutes
Trading Weakness Be
came More Acute.
^ ork * Jane 8 vT W J iat todays market
reflected—os every Monday morning’s deal,
lngs have for tome time past—was the h,‘
spondent toue of the greater part of the
fluanclal views over the week eud. There
was little in the news of the day to either
lighten or Increase the load of pessimism
Another $2,000,000 gold was engaged for ex
port, and It was not a particularly hnnn v
sign. that. In spite of the. heavy reml,.
tunces which have been made to pnrl*
since a week ago, sterling exchange r ,..
fused to recede from the gold shinning
point. The news from the western cron
country over Sunday was distinctly famra.
ble. The weakness in this market \\:u u
result of the depression in financial s«ntl-
ment both abroad and nt home. Union
Pncldc fell 3 points iff the course of the
forenoon nnd Southern Pacific 2. This
with the particular weakness of Pennsvl-
vonla and the Copper stocks unsettled the
entire market
New York, Juno 1—The stock market
opened weak with extreme declines running
2 points In American Smelting aud l*T
Brooklyn Rapid Transit, while Amal
gamated and Canadian Pacific showed losses
of o full point on the initial transactions.
Union Pacific lost 1ft. Recessions In the
in In nee of the list were lesa pronounced,
but stocks were under pressure all around.
At ths eudo t ten minutes trading the
weakness became more scute.
MONEY AND EXCHANGE.
New York, June 3.—Money on call, lftg
time loans, 60 days, 3ftQ3ft; 90 days,
I; six months. 4ft&4ft.
.'osted rates: Sterling exchange, $4.84ft^
4.87ft. with actual business In bankers' bills
at $4.868004.8685 for demand and $4.8365^
4.8375 for 60-day bills.
Prime mercantile paper unchanged.
Ki
MINING 8T0CKQ.
Boston, June 3.—Opening stocks: Smelt
ing 50: Copper Range 89ft; Greene-Cananea
14ft; Boston Consolidated 26;
For the 24 hours ending nt 8 a. m., 75th
meridian time, June 3, 1907.
CHICAGO GRAIN MARKET.
Chicago grain uud provisions quotations
for toduy follow:
Open. High. Low. Close, Close
MARKET OPINIONS.
the i Is
J _ sufely made by ...
another, whether he bo In Tex-
Yorlc. After having followed
from 9.50 to 11.25 for the old crop
ndvlse profit-taking sales aud
iopi a conservative position pending fur-
ter developments.
Marshall, flpader St Co.: A large short
Interest Is *upiM>«od to have been exteuded
Into the option list nud nn active aud per-
’ ftps higher market Is promised.
Dirk Bros. A Co.: The outlook Is for a
•non* market, uffth a tendency to reduce
commitment* pending the bureau Tuesday.
With settled nmf favorable weather pre
vailing from now on, it would seoiu that
buying would have to be based on tho
theory that, under no conditions, could the
plant regain the ground It has lost nnd
produce anything like sn adequate yield.
Carpenter, Rnggott A- Co.: A recession
■oin these level* would be natural: we still
. *e! that conditions warrant much higher
price* In future, but ndvlse conservatism lu
purcliHslug cotton on the decline*.
Nordeti A Co.: The general condition of
le crop Is exceedingly unfavorable.
Hubbard Bros A Co.: Most of our large
traders mean to be without any interest
r the bureau report, which Is expected
l>e bullish, but they do not know but
that, lu some measure, it has been dis
counted.
V&
100ft
$
OATH— ' ”
July.... 48ft 49ft 48ft 49ft
S 7-oTVk ro,/ * 38 39ft
July.. pT.20 J6.S0 16.17ft 16.20
H *?AKD M,Snfc 16,471/4 16 - 16,37V4
July... 9.10 9.15 9.07ft 9.10
Sent... 9.27ft 9.32 0.25 9.35
It 1118-
July... 8.77ft
Kept... 8.90
96ft
99ft
53ft
Mil
im
97ft
99ft
100ft
63ft
53ft
50ft
^Atlanta, ctowly. . . .
•Chattanooga, cloudy.
Columbus, cloudy. . .
••Gainesville, cloudy..
Greenville, cloudy. . .
Griffin, cloudy
•Macon, cloudy. . . .
Montlcello, cloudy. . .
Newnan, cloudy. . . .
Rome, Cloudy
Spartanburg, cloudy..
Tullnpoosu, cloudy. .
Toeron. clear
West Feint, cloudy...
•Minimum temperature for 'be 12-hour ds-'
rlod ending 8 a. m. this date. ^
••Received too late to Include In averages.
,, i i . HEAVY RAINFALLS. ‘
Raleigh. X. c *
fll
55?
CENTRAL
STATION.
DISTRICT AVERAGES.
Chicago. June 8.—Hogs—Receipts 43,000.
Market weuk and 6c lower; mixed $6.l0tf
6.35: heavy $5.9006: light $6.15®6.3S; rougli
$5.9606; pigs $5.8006.80; yorkers $6.3006.35;
good to choice heavy $6.2006.30.
Cattle—Receipts 24,000. Market steady to
10c higher; beeves $4.5006.65; cows $1,050
4.90; heifers $2.6006.60; calves $607.25; good
prime steers $5.6606.65; poor to medium $4.55
06.60; stackers sod feeders $305.20.
Sheep—Receipts 16,000. Market strong; na
tive $4.2506.60; western $4.2505.60; year
lings $6.2007; lambs $12508.10; western $6.23
08.10.
FAKE POULTRYMAN
FLEECED EASY ONES
Washington, June 8.—Postmaster-General
Meyer today Issued a fraud order against
the Texas Poultry Company of Texnrknpn,
Tex. The postal Inspectors found on Inves
tigation that Fred Osborne was seeking to
evade the fraud orders heretofore Issued
against his alleged fraudulent scheme*.
The department states thnt Osborne’s
scheme was to pretend to be engaged In
conducting poultry yards, and lu that con-
oectlon solicited remittance* of money
through the malls for poultry and eggs.
Whnt money he received, it is said, was
applied to ids own purposes nud he failed
ami refused to fill orders.
THE LONDON 8T0CK MARKET.
I Op n 2 pm
Anaconda •
Atchison .. .. .
do, preferred
Chesapeake and Ohio .. .. .
Chicago and Great Western.
Canadian Pacific
Erie
do. preferred «... •• •• •
Illinois Central
Kansas and Texas
do, preferred
Louisville nnd Nashville •• •
Norfolk and Western
New York Central
Ontario and Western .. •• *
Pennsylvania
Philadelphia nnd Reading
Southern Pacific
Southern Hallway
St. Paul
Union Pacific
United States Steel
do, preferred m
Wabash, preferred
136,
THE LIVERPOOL GRAIN MARKET.
Corn opened ft lower, mid at 1:30 p. m. ft
lower. Closed ft lower.
VISIBLE SUPPLY OF GRAIN.
«
L. H. Fairchild. Eitabli.h.d 1885. 8. J. Whit..
L. H. FAIRCHILD & COMPANY,
NEW ORLEANS.
Members:
Orleans Cotton Exchange. New York Coffee Exchange.
H** Cotton Exchange. New Orleans Board of Trade.
Sew Orleans Stock Exchange Utifeogn Rnxrd «>f Trade.
LIVERPOOL COTTON ASSOCIATION.
Private Wires to NEW YORK aud CHICAGO. Orders solicited for future dellr-
mi on above Lxcbsogso. B. c, COTHRAN.
4V: roast beef $2.60 case; corned beef $2.&i
ease: mtsup $1.90 esse; sirup, New Or
leans. 3So gallon; corn 30c gallon; Cub*
r itash. $3.2503.80 ease; peanuts. 8c; rope,
ply cottou. 18c; soap, $L6O04 casa.
PROVISIONS.
PROVISIONS—Supreme haul*. 15c; tiellles.
pounds average. 10.07ft; fat backs,
x 12ft: Supreme lard. 10.00ft; I'urttv
FLOUR AND GRAIN.
FLOUR- Highest patent, $5.«: best pat-
ent, $5 40; standard patent. $4.75; half pat-
white feed, 7*'; ->«». -* jeuow 7 >*c; mixed.
76c; cracked corn, per bushel, 76c; hull*. $ix
CHICKEN FKED-Hftr pound sacks 90c;
Purina chick feed, $2.00; Motor feed, $1.35;
brand feed. IL90.
OATS—No. 2 white, 60c; No. 2 mixed. 59c;
Golden oats. 69c; white clipped, 61c.
MEAL—Plain, per 96 pound sacks, 74c; «-
pound sack*, 78c; plain, 20-pouud sacks, 77c;
germ $1.26
HAY -Timothy, choke large bales. $1.40-
do. choice small bales, $1.36; No. l. one-
third bal»*s. $1.35: No. 2, one-third bale*
$1.25: choice prairie, $1.09; Bermuda. $l.lrt.
SHORTS-Choice white $1.50, Texas white
$1.35, fancy $1.4L brown (ft) to m pouudu,
$1.40. Bran $1.35.
fish:'
FISH—Bream 7c pound; snapper 10c
pound; trv*>t pound; blue fi«h 7c pound*
pompnno 25c pound; mackerel I2ftc pound; 1
Wheat decrease 1.068 bushels.
Corn Increase 357,000 bushels.
Outs decrease 435,000 bushels.
THE METAL MARKET.
•w York, June 3—The metal market
’ quiet today, with prices easier lu to*i->
All grades of copper were reduced ftp Ii
the asking price, while tin way down ft<
lu the bid nud Ifte lu the asking price foi
spot aud nearby deliveries.
Lead and spelter were dull uud un
changed.
COTTON SEED OIL.
Following Is given the opening and cloaing
of the New York cottou sed oil market:
opening. Closing.
June 5Sft66l gift
July 68 ft 059 ft 59 ft 060
September. ....... 68ftn69ft 5uft' O 60
October 55 055ft 55ftta
November 47 ©47ft 4?ft04H
Ini-ember 44ftii44ft 45 G45ft
Cotton seed oil sale* were as follows: 390
July Ut &!, ,100 September St 59ft. 100 Sep-
fetulier at w». 6W October at 55ft, 203 No
veml«*r nt 47ft. I't) November at 47ft, ltf)
I bi-ember at 44ft. 300 December at to. 100
December at 44ft. Market closed steadv. i
Little Rock.
Memphis. . .
Mobile. . . .
Montgomery.
New Orlentis.
Oklahoma. .
Snvnunnh. .
Vicksburg. .
“‘Ilmlngtt
r in.:?.
Temperature.
Ilex.-
Mlft.**
Ii 1
31.
T. Indicates Inappreciable rslu full, ?F5r
S efcterday. ••$or 24 hours coding • a. to.,
>tb meridian time.
Remark*.
Higher temperatures are reported from
Oklahoma. At all other stntlotis tempera
turee are stationary or rower. Light pre
cipitatlou Is reported from all stations.
J. B. MARBURT,
__ flection Director.
WEATHER IN COTTON BELT.
Texas—Brenhnm, Waco, Galveston, San
Antonio. Temple and Houston clear. Ana
tin nud Taylor cloudy.
All Mississippi clear nud cool.
Louisiana—Op«dou*ns and Alexandria clear
Ala hn tna-Huntsville, cloud? nnd cold*
steady soaking rnlus the past flftvtwo
hours. Florence partly cloudy and pleasant;
hard rain Saturday and yesterday.
South Carolina—Spnrtntiburg dear and
pleasant. Columbia partly cloudy aud cool.
Grecuvlile fair nnd flue.
AMERICAN INDIGOS ADVANCE;
COLORED COTTONS HIGHER.
N.'W York Comm.rrtal: A.lvmic.,
I be order of the day In the cotton
■livIsJoo of the market. On the
r "1* and "L"' American indigos
were advanced by Bliss, Fnbvan St
B. has been expected for several days
uld
shown In the ndrnnce of ftc a yard on
8-ounce tickings. Lines of denims are be
ing withdrawn, as seller* nre unwilling to
accept business on today's top price. The
attitude of spinuera nud weaver* I* Ideu-
tleal on this acceptance of future business.
They regard the crop situation us preca
rious nnd are determined to keep ou safe
grouud by refusing contracts except at
value. Among Jpblwni It Is declared thnt
their quotation* on nil classes of cottons
ure comparatively low, nnd thnt their stocks
can not be replenished on terms thnt will
admit of the old values ruling for 'full.
This Is causing considerable forward buy
ing by retailers. The woolen trade for
women's wenr nud men's wear Is In nn un
settled state, so far ns fall business Is con.
cerned. Re-orders on heavy weight over
coatings are few In number, nnd
lngs, cloakings nnd dress i
tiers are coming In slowly.
Market Active on Narrow Cloth.
For the Immediate present the narrow
print cloths have the first call nnd buyers
nre taking-28-Inch 64 by GO* and 27-inch 64
squares, and mid* on n basis of 4 13-16c
for regulars. Wide cloth opened after the
holiday with bidding less active than earlier
In the week. Sales of 39 Inch 68 by 72s
were reported during the day ut 8c for
spots and 7ft0?ftc on contract.
Good Money Getter.
A grandson of the late State Senator
Miumwny, when 4 years old, was given a
penny with which to buy candy. Acci
dentally he swallowed the coin. Ills mother,
more excited than the boy, said she must
send for the doctor at once.
"No, don't send for the doctor, mamma,
pleaded the lad. who had memories of bitter
medicine, "send for the preacher. Auntk
say* ho can get money out of anybody. —
Chicago Tribune.
Jfmon do Moutfort formed whnt was
known ns the Mad Parliament; It wns some
thing the same ns It It at the present day
"Cromwell raised-n famous body of sol
diers know*n to history as 'the Iron-duds '
"Mortmain tried to stop dead men from
leaving their luud to churches."—Loudou
Tatler.
Foreign Made.
A London newspaper man who has been
staying at Stratford-on-Avon says be asked
his landlny one day: "Who Is this Shake-
sped re «>f whom oue hears so much down
here? Was he n very great man?" 1"
which she replied, "Lor, sir, ’e warn t
thought pothlng on a few years ago. It'*
the Americans as 'was made Mm what «»
Is!"—Exchange. —
THE AMERICAN AUDIT COMPANY
Homo Office, 100 Broadway, New York City.
F. W. LAFRENTZ, C. P. A., President.
C. E. Manuring, Vic* Prt.id.nt, Theo. Cecheu, Jr., C. P. A., See. and Treat.
BRANCHES
ATLANTA—Fourth Natl Bante Bid*.
CHICAGO—Marquette Building.
rHILADELT -:IA—Bellevue-Stratford.
SAN FRANCISCO—Beld.n Building.
NEW YORK—Waldorf-Astoria.
BOSTON—Exchange Building.
WASHINGTON—Colorado Building.
NEW ORLEANS—Hcnn.n Building.
BALTIMORE—Fidelity Building.
LONDON. ENGLAND—4 King Street Cheapside.
AT-ANTA BRANCH 1015-18 Fourth National Bank Building.
C. B. BID WELL, Hesident Manager.
Telephone, Main 872. Cable Address, Amdlt, N. Y.
HAYWARD, VICK & CLARK,
COTTON, STOCKS, BONDS, COFFEE, GRAIN AND PROVISIONS.
* Carondelet aijd ^ryH^Sta^ New Orleans.
I 8* w OrtMB* Fatere Broken* Aaescletle*.
New Orleans and CMrairo Boards of Trad*.
New York Coffer Etebonje.
Aeeoctat, Memhjr, Urerpool Cottea U’l
. j 1 ' 1 .* T ?r*,«nd Chicago Correspond,nla.
J. S. BACHE A CO., AND BARTLETT, FRAZIER i CARRINGTON.
-emVATE WIRES TO ALL POINTS. ^
JOSEPH A. U'CUIIU, Vlci'.l’reildeot It. W. UYEllS, Assistant Cashier.
Third National Bank
Capital .... $200,000.00
Surplus and Profits $400,000.00
DR. A. NY. CALHOUN.
MILTON DAKGAN,
JOHN W. GRANT.
II. Y. M L OLI),
FRANK HANVKIX8.
H. M. ATKINSON.
JOSEPH A. M'CORD,
J. H. NUNN ALLY.
J. CARROLL PAYNE,
E. R. R08AER.
DAVID WOODWARD.
ALONZO RICHARDSON & CO.
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Beil Phone, Main 8S&
ATLANTA. GEORGIA.