Newspaper Page Text
1:
THE ATLANTA GEORGIAN AND NEWS.
SATURDAY, JUNE ». 1WL
JULY WAS ERRATIC!
tOVEREOWIDERANGE
Showed Difference of 27
Point.? Between High
and Low.
OTHER MONTHS ACT [VE
At the Close the Tone \Yas
Firm 5 to 7 Points
Net Higher.
New York. June 8.—The ft-ature of the
cotton market wa* the rn*h to cover Jul.
•bort*. The first sale wn* at 12c; then 1
•old at 12.20 and reacted to 12.lt. The px
cltenient In the market wn* due to the
report from Liverpool that brokers there
Intended to ship tfielr cotton here to stop
July tendera. The pressure wm not •
heavy In the later month*. Subsequent!*
tM whole market was feverish and ■ustahi
ed on buying by coimnlaalon bouaew
The price of July cotton made another
bold Jump nt the opening of the New York
Cotton Exchange t«Hlny, and within half "
botfr adrnnced It.Bo a Imle.
Thl* placetl the price of the July option
J3.75 a bale higher **•" * w ~ ' * " '
yesterday morning.
The trading wna '
and the price* wer*» ■uniniR ■> »»»•- mu- «.
8 or 6 points for. each quotation recorded.
Humor* that a group of Kngll*h mid
American Interest* hare cornered the July
option eau*ed moat of the activity. 'J'radlug
In the option* of later month* wua eaaler nt
alight ndvnnrea.
Comparative receipt* nt all U. R. port*
Net receipt* Saturday, June 8 4.145
Same day la*t year 6.235
Decrease 1.(00
Total receipt* Hlnce Sept. 1 9.676.064
Same time last year 7,663.728
Increase 2,122,326
Estimated receipts for Monday:
1907. 190(1.
New Orleans 1.500 to 2,000 m
t»alee*tou 600 to 1,000 852
Houston 200 to 300 455
Movement at Atlanta:
Receipts Saturday, June 8 E
Same day last year..
Decrease
Shipment* Saturday, June 8 None
Same day last year
Decrease
Stock oo hand Hnturday, June 8...
Same day last year
... 6.353
... 2,180
... 1,173
SPOT COTTON MARKET.
Liverpool, steady; middling uplands 7.50.
Atlanta, steady; middling 13c.
New York, ateady; middling 12.25.
New Orlenn*. firm; middling 13c.
Savannah, firm; middling l-’%.
Gntveaton, Ann; middling 13 MG.
Mobile, nominal; middling 12%.
Charleston, nominal.
Philadelphia, steady; middling 13V*.
Memphis, ateady; middling 12%.
Augusta, steady; middling 13%.
TODAY’S PORT RECEIPT8.
The following table shows receipts at the
New Orleans.
Galveston. . .
Mobile
Savannah. . .
‘Charleston. . ,
Wilmington. .
Norfolk. . . .
Boston. . . • .
Philadelphia. .
Various. . . .
Total.
INTERIOR RECEIPTS.
HAYWARD. VICK A CLARK’S
DAILY COTTON LETTER.
New York, June 8.—J. H. Bade* A Co.:
Price* were Irregular and the market fever
ish at the opening this morning. The cause
of It all was the bulge In July on the rail,
tola month selling up 35 points from the
close yesterday. While fear of a corner
brought selling In the other months, the
news was hnllUh, but the action of July
held the market In cUcctt, although later
prices milled with October above 12c.
The weekly figures report declines In the
visible of 147,with American decrease
of 173,625, against 88,600 la at year. The
market l»eing under the Influence of July
options, dealings showed hesitation, but we
ttellers that prices will ultimately work
higher and would advise buying nu all de-
'cllue*.
GOODS FOR SPOT DELIVERY
ARE DIFFICULT TO FIND.
The New York Commercial: In Thurs
day’s buKlnesM on cotton goods It became
evident that large buyers are still disposed
shirtings. To find goods for spot delivery
was no easy matter, ns the.market ts sold
down to a closer point than at any time
before In the recollection of the oldest com-
Special to The Georgian.
(From Hayward, Vick A Clark.)
New York. June 8.-J. H. Bache * Co.:
Liverpool waa due 18% higher on July and
506 higher on dlatant. Opened steady 8
higher on near and 7 higher on late. Cloned
quiet 7%08% net higher on near and 9010
higher on late. Spots dull 6 points hither;
middling 7.60; sales 3,000; American 5,000;
speculation and export 300; Imports 1,000.
Decrease In visible for week 124,130. We
expect a strong opening, with feature* of
strength In October and December. Fear of
unfavorable weather over Sunday In the
l»eit may cause further abort covering to-
1 Following Is the statistical position of
cottou on Friday. June 7, as made up by
The New Y'ork Financial Chronicle;
This last Last
Week. Week. Year.
Visible supply .... 4.060.708 4.174.838 8.699,260
Edited by
Joseph B. lively
MARKETS
Mr. Lively's twenty-fir*
years* experience of ed
iting markets In Atlanta
and the South haa mads
him a recognised au
thority In his specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
America u
2,653,708 3,804,838 2,145.289
Since Sept. 1. 12,871,368 12.807.t28 10,
stocks....
I’ort receipts .
Exports
437.368
30.2T
493.000
47.613
50.112
33.665
484.000
58.254
87,417
28,824
45,252
249.359
.441*
Int. receipts 25.432
Jut. shipments .... 61,732
Int. stock* 242.238 288,639
New Orleans, June 8.—Hayward, Vick 4
Clark: Map now complete. Weather oat-
look still critical and ralna Indicated for
western belt over Sunday. Think market
will I** bought on forecast.
Believe tbe squeexe which Is now on July
will be gradually extended to Augnat and
Septemlnr, as. owing to lateness of crop
Would "adrl.# 'liquid.tion" of,«hort Juljr..
Weather for the vnm twenty-four houre
was favorable, only rains of consequence
being In Tennessee and the Carolina moun
tain districts. Hardly any precipitation
elsewhere. Warm nJgbt temperatures.
HESTER’S WEEKLY
COTTON STATEMENT
Secretary Heater's statement of the move-
99.000 bale*, comp*
decrease of 64,0
crease of 19.000.
For the seven days of June the total*
show a decrease under last year of 28,000, a
decrease the same period year before last
of 64.000 and an Increase over the same time
In 1904 Of 19,000.
For tbe 280 days of the season that have
elapsed the n| * * ‘ * ' * “**
days of Isst y ... . ...
days year before Inst 600,000, and ahead of
1904 by 3,362.000.
The amount brought Into sight during the
E ast week has been 68,876 bnles. against
1.303 for tbe seven days ending this date
Inst year. 121.097 year before last and 37,732
■nine time In 1904, and for the seven days of
June It lin* been 66,876, against 83,303 last
year, 121.(07 year before last and 87,732
line time In 1904.
The movement since September 1 shows
receipts at nil United States norts 9,671,909,
against 7.548.493 last year, 9.324.017 year be
fore Inst and 7,01M fc * *~**
... ..... before Inst and 902,889 same time
iu 1904; Interior stocks In excess of those
held nt the close of the commercial year
143.360, against 129,717 Inst year, 198,719 year
before last, and 109,736 same time In 1904;
Southern mills takings 2,099,000, against 1,-
977.360 Inst year, 1.K36.8S6 year before last
same time In 1904.
ts for the week have b
iKniniH o4,206 Inst year, making
total thus far for the season 8,102,834,
against 6,023,802 last year, an increase of
2,079.032.
Northern mills takings and Canada dur
ing the past seven dsys show a decrease
of 8.182. as compared w ith tbe .correspond
lug period last year, and their total takings
since Hept ember 1 have Increased 186.836.
The total takings of American mills. North,
Houth and Canada, thus far for tbe season
been 4.585.836, against 4,434.881 Isst
year. These Include 2.434,696 by Northern
■pinners, against 2.248,861.
Stocks at the seaboard and the twenty-
nine leading Houtbern Interior eentera have
decreased during the week 80,977 bales,
igaliiNt a decrease during the corresponding
[terlod last season of 71.247, and are now
>,751 smaller than nt this date In 1906.
Including stocks left over at ports nml
Interior towns from the Inst crop and tbe
number of bales brought Into sight thus
far from the new crop, the supply to date
Is 13.371.962, against 11,039,422 for the same
NAME OF STOCK.
Atlantic Cosst
American Sugar Usf.
Anaconda .......
American Ixx*omotivs.
do, preferred . • ..
Am. time!ting.Uef. . .
do, preforrad . • .. .
Atchison . . ....
do. preferred ....
American Cotton Oil. •
Am. Car Foundry . . .
Baltimore A Ohio . , .
Brooklyn Rapid Tran..
Canadian Faclflc . , .
Chicago and NorthWo.
Chesapeake A Ohio . .
Colorado Fuel A Iron.
Central Leather ....
_ do, preferred . . ..
Chicago A (Heat W. .
Chicago, M.. A tit P..
Delaware A Hudson. .
Distiller's Securities. .
Erie
Illinois cruirui ....
Am. Ice tiocovales . .
Louisville A NashvIUs.
Msxlcen Central . . .
Missouri Pacific ....
si
ft
11*‘4 113*
»%
ft
NAME OF STOCK.
N. Y„ Out. A W. .
National Lead. . .
Northern Pacific. .
New York Central.
Norfolk A Western.
Pennsylvania. . . . .
'eopie'a Gas.
Beading.
Republic Steel
Bock Island. «..•••<
do. preferred. . . ..
United states Rubber. .
- do. preferred. • . . .
Southern Pacific. • • . .
Southern Railway. .. . .
do. preferred. • • . .
n Ion-Pacific. . . . .
United States Steel. .
do. preferred. . .
Va.-Car.Chemlcnl. . .
do. preferred. • •
Western Union. . • •
Wabash.
do, preferred
TIPS FLASHED
From Wall Street
8p«-t.I to The
” “-yw.ru. Vie
London itlghtlj- Irregular but closed • toady.
Tbe re.,lit of tbe WMblngton conference
on the wbolo la conaldered farorahlq, and,
barring contemplated action on tbe coal
roeda, there la nothing to prerent a further
adrauce In tbe general market. The pro-
noted action oft coal roada will conaume a
lot of time, and tbla should not act aa a
deterrent toree eren on the coalers. The
court, will ultimately decide the cate.
Adrtae prollt-taking on nny bulge today In
view of expected poor bank atntemeot.
There are aumo who do not like money
outlook, but they are In the minority nml
no fear la entertained abould the agitation
against corporation, ceaae.
tbeao bulge, cauaed by tbla
Total talc. H».m .hare*.
NEW YORK.
Th« following la the range In cotton fu
tures In New York today:
II m.iii.w., niaiui
period lust year.
mission merchants. It hardly seems crsdl
bio that mills are turning down business on
all qtussos of cottons, yet this Is an abso
lute fact, and the converter or large cut
temp who seeks to get gray goods or col
ored rot took for any delivery this able of
Heptember find* that tbe mills have no sur
plus goods coining forward or no Idle looms
for which they enu secure labor. Ho far
«• yarn* uro concerned, the single chain
warps and single filling yarns of Southern
construction are quoted at higher prices
than at the opening of the week, and In
many other constructions, auch as Knatern
carded copa and Houtbern frame ronea.
agents have been Instructed by their mills
to withdraw quotations. As Thursday
proved a clear day there was somewhat
— ger huytng lu the jobbing houses, due
.je-appears net of a considerable num
ber of nearby retailers.
Print Cloths Are Activa.
There la an active demand for all print
cloth yorn construction cloths, and It Is the
seller who 1s limiting tho volume of busi
ness now passtug. For all deliveries thla
side of October, narrow and wide goods are
sold up by practically nil umts. Converters,
bleachers and printers are In the market
turn down any additional business, except
for delivery during the coming year. On
28-Inch standards 4 13-16c Is being paid for
near-by delivery. It ts a nominal oner*'—
■pots, for there are noue In this
or any Eastern point.
Wo are prepared to haudlc Stocks and
Bonds on the following industries:
Southern Mills,
Telephones,
Municipalities,
Electric Lights,
Manufacturing Enterprises,
Steam and Electric Railways, Etc., Etc., Etc.
We loan money on City, Farm and Out-of-Town Property. We
buy Vendor Lien* and Purchase Money Notes; al.o buy and sell
various enterprises, especially tho c!a;-s enumerated above.
Advances made to Manufacturers and Merchants.
W* Operate In Every City In the 8outh.
UNLIMITED RESOURCES AT OUR COMMAND, IMMEDIATELY
ACCESSIBLE.
BELL & COMPANY,
Bankers and Brokers,
924-925 Candler Building, Atlanta, Ga.
June..
July..
Aug.,
Hept..
Oct. .
Nor..
Dec. .
Jan. .
"Closed firm.
i Si 1 ii
11.87 11.84-87
12.00 12.00-01
11.94 11.99 12
12.02 12.01-02
12.14 12.13-14
urn
ujMi
11.90 11.89-90 11.86-86
11.77-79
11.96 98
11.95-96
11.99-12
12.06-09
12.14112.22-24 12.18-30
. LIVERPOOL.
Following figures give the opening range.
3 p. m. and close, compared with yesterday.
Futures opened firm.
June 7.04
June-July 6-96
July-August ...» 6.89
August-Reptemher...* 6-80
Septeraber-October... 6.72
Oetober-November.... 6.63
November-December.. 6.68
Deceraber-January... 6.68
Janoary-February..., 6.54
February-March 6.64
Marcb-Aprll 6.54
Closed quiet
J-8*
6.92
6.89%
6.81V*
6.74
6.64 Vi
6.60
6.58
8.66
6.54
6.56Vi
6.96
6.84
«■«*
6.73
6.66
6.65 Vi
NEW ORLEANS.
The following la tbe rapge In cotton fu-
tnres In New Orleans todgy:
NOTES ON GRAIN.
Pointers on Provisions.
The Chicago Record-Herald: The grain
trade continues uneasy over the northwest
ern situation. The official weather map
yesterday showed frost through the Dako
tas, but the official predictions for last
nlghtnnd today were for warmer and clear.
The beat Lon tod northwestern authorities
agree that the spring wheat cron has no
tfino to lose If it escapes the weather vlcla-
alludes that are naturally to be expected
later. The shortest time that any of the
experts .here allow for the maturing of tho
northwestern crop thl* side of the Canadian
line Is 100 to 1(0 day*. In the Canadian
wheat country the allowance Is 90 to 96
day* aa the minimum, the difference be
ing, of course, due to the Tact that the
days in the more northern latitudes are
much longer.
Additional claims of scrlons damage to
Kansas wheat by the froat* or ten day*
ago came In from various portions of that
state.' Many farmers claimed that a large
proportion of tbelr wheat would not be
cut nt nil, while the innlorlty claimed dam
age of 40 to 50 per cent, aorae ranging up
WHEAT STARTED WEAKi
LARGE FRACTION Off
Decline Later Recovered on
Good Buying by Com
mission Houses.
at the start this morning on .
the pit crowd, but good buying by commls
slou houses soon caused a rally and the
S raln sold up nearly u -cut lu short or
er, but soon settled down to firmuess at
ii small advance over yesterday. Trade
was fairly active. Strength In corn and
oats was somewhat of an Influence.
CHICAGO GRAIN MARKET.
ATLANTA MARKETS.
FRUIT AND PRODUCE.
K<l08-Actlre, !7ei7Ho.
LIVE 1'OtJLTBT—Hen*. artlT»,«We«c
each; fall fryer,. »ctlTP. «M4«c f»ph; duck,
I-ekln, »0c park; pndilln. »c each: few. full
feathered. 40c each; turkey,, dull,-10c per
TmESHED POULTRY—Turkey*, nndrown,
active 14b 15c pound; frlee. active, 26@30c
pound; bens, 14c pound.
PRODUCE—Lira, 12c pound; bum* ac
tive 16c pound: shoulders active lOOUc
pound; aides active 11c pound; butter sctlvs
l7%r pound: beeswax active, 26c pound;
honey, bright, active, lflc pound; honey
1-pound block*, active. 10c pound.
VBl’ITN—Lemons, fancy Slea*enn. $4,500
% $1.00;
4.76; imnann* per bunch, cull*, active, .
straights 3% cents per pound; pineapples,
Florida stock, 12.7503.25; orange*, ( sllfor-
nla stock, owing *!■* . condition
on arrival, per Tiox, II&4.60. Florida hoi»
crate.
•Iso an)
lorlda stock.
on arrivsi, per »»«>*, tisN.w, *
e.v peaches. I2.75C3.53 per cr
fruit, Florida stock, owing to
color, per box, 16.00: limes, Fionas stock,
per 100 11.50; peanuts, In sacks averaging
100 pounds each, owing to grade.per pound
«Vi®7Hc; dried apples. 7<f8Vic; dried
peaches, llVie; prunes, 64f7V$c: cantaloupe,
lino crate, strawberries, 10c. Watermelons.
4.60 per barrel;
freon. $1260150 ct_... __ r _.
i»or bushel; onlous lioulslnnn. $2.00 per
liushel; Kgyptlan 4*Lc per pound: old
Irish potatoes active $1.1501.20 bushel; cel
i»ry, fancy, $2.6003 25 crate; peppers^ active,
I2.W ernte; okrn. nix bnakets, small. $4.00;
rate; lettuce, beaded, active. $2.0003.00 per
crate; kraut, half barrel. $3.75; beans, round
green. $1.50 crate; asparagus. 16fl*2(V per
2-pouud ’*Mnches; cucumbers, $1.6002.00 per
rate; egg plant, $2.0002.60.
GROCERIES.
MCE—Jap 506Vic; head 607c; fancy bead
6Vi07, Recording to tbe grade.
CHEERE—Fancy full cream, 16 centa;
Georgia cane syrup, 86 cents gallon; salt,
100-pouud. 60c; axle grease $1.75; soda crack
er* pound; lemon 7c: oyater 7c; bar
rel candy, per pound. $Hc; mixed, per
mind, CA*c; tomatoe*. 2-pouud, $2.00 case;
l-pound, $2.25: navy Iwana. $2.40: Lima Iwan*
6c; best matches, per gross, $1.65; macaroni,
8V4<h?c pound: sardine*, mustard, $3.25 case.
SUGAR—Standard granulated, 6»4c; New
fork refined. 4V; plantation. 6c.
COFFEE—Roasted Artmckles $16; balk In
tags and barrels 12c; green 11012c.
Shredded biscuit $$ esse; No. 2 rolled oats
13 25 case; sack grits, 96 pound ,bags, $1.86:
era. full weight, $2 case; light weight
cn*e; pep;>er, 18c lb.; baking powtler $5
case; red salmon, $5 case; pink salmon, $4.25
case; cocoa, 40c; chocolate. 33; snuff. 1-lb.
*—* •*“ SCO * *■—*
ilrui
WHEAT—
July.... 96%
Hept.... 98
Dec.... 99Vi
CORN-
July.... 63%
Hept.... 63V4
Dec..., 51Vi
OATti-
July.... 41
Hept.... 37%
97*4 95% 96% 96%
99% 97% 99% 96%
101% 99% lOOTi 99%
64% 63% 64 53%
54% 63% 54 53%
48%
38
Dec.. .
VORK-
July.. 16.42% 16 42%
Rent.. 16.45 16.62%
LARD-
July... 9.02%
Hept... 9.20
UlllS—
July... 8.77%
Hept... 8.92%
38% 38% 38%
9.02H
ft
LIVERPOOL GRAIN.
HAY HIGH AND SCARCE.
Hay In the Atlanta mnrket I* high and
acnret*. The crop ha* been pretty well
cleaned up In Ohio, lllluola and Indiana,
nml that now reaching this mnrket cornea
from Michigan and Wluconaln. This makes
the price high on account of the grenter
freight rate and the fact that these fni
away *tntes have strong bidders In East-
rn markets. Tbe new hay crop is very
Inter than last season.
WEATHER REPORT.
WEATHER CONDITIONS.
The weather has become unsettled over
nearly the entire country and cloudiness Is
reported nt nearly all statlona. Bains have
been general In the loat 24 hours In Mis
souri, the Ohio and upper Mississippi val
leys, North Carolina, portions nt Tennes
see and the middle Atlantic states. Thun
der storms occurred at Nashville. Knox
ville. Asheville, Norfolk and Cincinnati.
Tho pressure Is highest In the uppe
; lake region and tbe southeast, while the
center of lowest barometer Is In southwest
Katfsas. The temperature changes have
been small ns a rule, but »the general tend
ency has been to wanner over the eastern
half of the map.
The conditions are favorable for showers
tonight and probably Sunday la this sec
tion, with no decided change In tempera-
COTTON REGION BULLETIN.
meridian time, June 8, II
&. al
STATXON8
ATLANTA
DISTRICT.
•Atlanta, cloudy. . .
•Chattanooga, rain.
Columbus, cloudy. .
Gainesville, cloudy.
Greenville, rain. . ,
Griffin, clear. ...
•Macon, cloudy. . ,
Montlcello, clear. .
Newnnn. clear. ...
Borne, cloudy. . .
Spartanburg, cloudy.
Tallapoosa, cloudy. .
Toccoh, cloudy. ...
We*t Point, cloudy. w 0£ >w
•Minimum temperature for the 12-hour W
rlod ending 8 a. m. tbla date. ** oour **
Max. 4
Min. 4
L46
120
CENTRAL
8TATION.
lara, 48c; roast beef, $2.60 case; corned l^eef.
[2.6U case; catsup, $1.90 caae; sirup. New or
enns. 85c gallon; corn 30c gallon; Cnb«
potash. l3.25g3.S0 case; peanuts. 8c; rope,
( ply cotton. 18c; soap, $15004 com
PROVISIONS.
PROVISIONS—Supreme hams. 15c; bellies,
20025 pound* overage, 9.82%: fat backs.
$1)74; Supreme lard. 10%; Purity com
pound. California ham*. 10c; U»y milt
FLOUR AND GRAIN.
FLOUR—Highest patent, $5.65; be*t pat
cut. $8.40; standard patent, $4.75; half pat-
nt. $4.50. spring wheat patent $6.
CORN—No. 2 white. 79c; choice white. Sic;
white feed. 78c; No. 2 yellow, 78c; mixed.
76c: cracked corn, par bushel. .6c; hull* 111.
ClUCKFN FEED-Flfty pound racks 10c;
Purina chick feed, $2.00; Victor feed, $1.35;
brand feed. 8130. .... _ ,
OATH-No. 2 white 60c; No. 2 mixed, 69c;
Golden oats. 59c; white clipped, 61c.
MEAL—Plain, per 96-pound racks. 74c; 43
pound racks, 76c; plain, 20-pouud racks, 77c;
germ fl-9
HAY—Timothy, choice large bate*. $1.50;
do., choice lunatl bale*. $1.46; No. l, one-
third bale*. $1.40; No. 2. one-third ImiIc*.
$1.25; choice prairie. $1.00; Bermuda. $1.|0.
MlOUTS -« hotce white $1.50, Texas whits
$1.35. f«n« y $1.40. bruwu (SO ta 1W pouudsi
I1.4U. Bran $1.35.
MODERN MILLER CROP OUTLOOK
fit. Louts. Juno 8.—Reports from milling
correspondents covering tbe principal win
ter wnent producing territory Indicate a
general Improvement In the crop’s con*'**
since May I In Ohio, Indiana, Illinois. *.u
neasee and Kentucky. Little or no changa
In Michigan and Missouri, and deteriora
tion In Kansas and Nebraska. Greatest low
ering of condition was In Kansas, but ltn
braaka crop prospect* ars now good. Lit
tle frost damage noted in Knnsn* In the
greater port of Texas not over 6 per cent of
the crop seeded will be secured. In north
ern Oklnhoma. 50 to 60 per cent will bo
harvested, but little elsewhere. Tbe win
ter wheat harvest will be ten days to two
week# late.
COTTON 8EED OIL.
Following Is given the opening and closing
of the Now Y’ork cotton seed oil market:
Opening. Closlm
June. ••••••••• &T 069
July
September
Octolier
November.
December 43’,‘
closed steady.
Following were the cotton seed oil sales
for the opening and last call today: One
hundred June at 68%: 1W October at 46%;
100 July at 59; 100 Heptember at 59; 300
October at 55; 600 November at 46%; 100
I)ecemlM»r at 43%. Total sales for the day
1,530. Market closed steady.
Atlanta. . . .
Augusta. . .
Charleston. .
Galveston. .
Little Rock. .
Memphis. . .
Mobile. . . .
Montgomery.
New Orleans.
Oklahoma. .
Harnnnnh. .
Vicksburg. .
Wllmlngr
—W" i JlL
T. Inulcatss
DISTRICT AVERAQE8.
ip
SsS
raiiiEiii. •For
ours tudlug l a. m.,
but
some profits
^Town a Toplcs: The stock market today
promise to open strong, and the advance
seems likely to run somewhat fnrther.
While we believe that the market trend 1*
upward, we would only buy stocks at thla
level for a quick turn, and In the event of
some further Improvement would suggest
taking profits.
The outlook for the bank statement Is
rather unfavorable, but a decrease In re
serves. unless of large proportions, will
not attract much attention owlug to the
cheap rate r prevailing for both call and
time money. On any decline we would ad
vise tbh purchase of Union Pacific and
Southern Pacific, the Ilill stocks, fit. Paul,
Atchison and Louisville and Nashville,
while we believe that Amalgamated and
United Btate# Steel issues, especially the
common, will self considerably higher.
We would take profits In cotton on any
bulge of 10 points or so from this level,
and notwithstanding the decidedly bullish
private crop advices In regard to wheat
would only advise Its purchase on sharp
breaks of 2 to 3 ecuts and for moderate
profits.
THE COFFEE MARKET.
New York, June 8.—Following are coffee
cables:
Havre, 10 a. m.—Market steady; 12 noon,
unchanged; sales, 8,000.
Hamburg, 10 a. m.—Market unchanged to
oiniui
market firm.
Santos receipts, 39,000; stocks, 2,379,000;
market barely steady.
Hao Paulo receipts, 40,300.
dhu i iuiu irvciun, iv.nw.
Jundlnby receipts, 39,000.
folio’ ■
The .... ....
range and close
market today;
STOCKS LEFT OFF
BEST PBItl
There Was a Much More
Cheerful Tone to the
Dealings.
SENTIMENT BULLISH
Bank Statement Decidedly
Unfavorable, But Was
Without Effect.
The altered mood of the speculative com.
inuulty waa reflected again this morning in
the cheerful construction placet! npun the
Washington news and In the failure to take
any recognition of au unfavorable hank
statement. The coal stocks shared with
the Pacific In . leadership of the advance
Erie aud Ontario aud Western showing
along with the more active Bending *hnr*- 8
an unwonted degree of strength. The n d’
vtnee went on In the last half hour nml the
best prices were reached Just before the
close.
New York, June 8.—The stock market
opened quiet but with the trend generally
upward. The Initial prices showed gains
Southern Pacific %. Union Pacific %, Atch-
Ison and Great Northern preferred %
Brooklyn Rapid Transit and Amalgamated
Copper %, Reading, Great Northern Ore
Erie and fit. PauF %, and Anacouda and
Rock Island %.
MONEY AND EXCHANGE.
New Y'ork, June 8.—Money on call, none.
Time loans unchanged.
Posted rates: Sterling exchange $4.84%
4.S075 for 60-day hills.
London bar sliver 31d.
Mexican dollars 51%c.
MINING 8TOCK8.
5.40
6.40-5.45
.. ..5.45-5.50
•**••**, .5.45-6*55
'.*-.."..£403.45
5.25-6.40
5.35-5.40
5.35-5.40
5.36-5.40
. , .. ..5.35-5.40
Closed steady.' Sales 3,280 bags.
March .. .
April .. ..
May
June .. ..
July
August .. .
Heptember ,
October ..
November .
December
5.40-5.45
5.40- 5.45
5.46-5.50
6.50-6.65
5.55-5.60
5.55
5.40- 5.45.
5.35 5.40
5.305.40
5.355.40
6.35-5.40
5.40- 5.45
J. J. BARNES-FAIN CO.’S
FRUIT AND PRODUCE LETTER.
Atlanta, June 8.—The present week has
been moderately active lu all lines of prod
uce buslueas.
Pineapples have lieen In liberal supply nt
prices ranging from $2.7503.25. The stock
sa been sound and good.
One car of California oranges received
thl* week; price* ruling firm at $4.50.
The first watermelons came in Tuesday,
the same selling at $3.5004 barrel.
Cantaloupes more plentiful, but quality Is
poor.
Bananas continue high and the demand is
>od, prlcea ruling as quoted.
Lemons have decllued 60c per box, now
selling at $4.5004.76. ^
Florida honey peaches scarce, with de
mand good; selling at $304 per crate.
The market*broke tbla week on beana. the
decline being from $2.25 to $1.25 and $1.50.
on account of the heavy stocks and local
growers beglnn*
Flood tomatoes
►etniMgreen* arid "unsnfenbie. Yellow squashes
K lcntlful, selling at $101.25. Cucumliers
ave been In moderate supply, the prices
ruling ith quoted. New potntoes are not so
plentiful, and prices nro strong at quoted.
Old potatoes, cabbage, etc., remain
changed and demand poor.
Eggs have remained stationary during the
present week nt 17c and 17%c; moderately
active.
Live poultry has been more plentiful,
with price* ruling firm on hens nt 40045c,
according to else. Fries 42%045e, and de
mand gt»od for nil stock.
We look for a considerable falling off
f receipts on beans during the coming
reek, ns the local grower* are beginning
to supply the trade liberally.
With a continuation of warm weather.
„e look for watermelons to come lu In
rnr lot*, with prospects of good demand.
The offerings of nil other commodities
will be In ns liberal anpply during the com
lug week na they *ere thl*.
WORLD’S VISIBLE
SUPPLY STATEMENT
Remarks
Hlghpr trmiwrntiir«i ,re rcnorteU from
l '** r pructlrolly the entire dlnirlrt. LI,lit
ilu, bey* fallen In the we.tern part of
Section Director.
WEATHER IN COTTON BELT.
Texua—Brenham clear. Auatln partly
cloudy. Were clear aud hot. San Antonio,
Taylor and Batina partly cloudy and warm.
Ilouatau clear and hot. Temple cloudy and
hot.
Mlsstsstppl-Natches cloudy and hot. Me-
rid Ian clear and fine. Lexington. Koaclus-
ko, Tupelo. Greenwood, Hazlehurst, Amory
and Jark*on cloudy and warm, l’agoo city
clear. *
Louisiana—Lake Charles partly ctoudv
Monroe and Shreveport partly clotidr ami
warm. Alexandria and Opelousas cloudy
and hot.
Alabama—Florence partly cloudy and hot.
Huntsville cloudy, warm and threatening.
Houth Carolina—Gt%envllle rain and cool.
Ipnrtanburg min and pleasant. Columbia
•loudy and warm.
Tennessee—Memphis cloudy aud warm.
WEATHER FORECAST.
Louisiana and West Texas, South—Gen
erally fair.
Arkansas—Increasing cloudiness.
and East Texns. North, and
Oklabo
Secretary Hester’s statement of the
world's visible supply of cotton for the
week ending Friday, June 7. shows n de
crease for the week Just closed of 107,820,
against a decrease of 127.311 Inst year and
a decrease of 87,183 year before last.
The total visible la 4.073.275, ngalnst 4.181,-
096 last week, 3.621,010 Inst year and 3.817,-
686 year before Inst. Of this the total of
American cotton I* 2.677,275, against 2.812,095
Inst week. 2.153.010 Inst year ami 2.439.638
year before last, nml of all other klmls,
including Egypt. Brazil, India, etc,, 1,390.000
against 1,369.000 last week, 1,463000 Inst year
and 1,378,000 year before Inst.
The total world's visible supply of cot
ton, as above, shows a decrease compared
with last week of 107,820, nn increase com
pared with last year of 452,815, and nn In
crease compared with year l>cfore last of
266.589.
Of tbe world's visible supply of cotton,
as above, there Is now afloat and held In
Great Britain nml continental Europe 2.521.-
000. against 1.822,000 Inst year and 1,960,000
S ear before last; In Egypt 106,000, against
1.000 Inst year nml 169,000 year !>ernrc last;
In India 753,000. against 984.000 Inst year and
957,000 year before last: and In the United
States 693.000. ngslnst 732,000 last year and
741,000 year before last.
Indian Territory—Increasing cloudiness and
unsettled weather; probably showers.
East Texns, South—Partly cloudy.
West Texas. North—Increasing cloudiness;
probable showers.
Boston. June 8.—Opening stocks: Butts
ferred
tnnge 78%, California- ArTxona
69%, Daly West 16, Mneltlng pre-
NEW YORK BANK STATEMENT.
fune I
York
the following changes:
Loans $1,141,445,400, Increase $1,514.3«Y».
Deposits $1,119,141,500, decrease $9,063,100.
Circulation $50,585,900, decrease $53,000.
Legal tenders $72,922,200, decrease $711,400.
Specie $213,674,200. decrease $8,353,800.
Reserves $285,765,900, decrease $9,065,200.
Reserve required $279,875,375, decrease $2,-
263,275.
WEKKLY STATEMENT OF
ATLANTA CLEARING HOU8E
(Darwin G. Jones, Manager.)
Clearings Saturday, June 8 $ 664.310.27
Shme day last year...,. 625,S5S.24
Increase 38.452.01
Clearing# for week 4.427.796.4j
Shine week last year 3,993,288.94
Increase 434,527.41
LONDON 8T0CK MARKET.
Amalgamated Conner .. ••
Baltimore and Onto
Chesapeake and Ohio .. ..
Canadian Pacific .. ..
Erie
do, preferred
Illinois Central
Louisville and Nashville ..
Norfolk and Western ,, ,,
New York Central
Ontario and Western
Pennsylvania
Philadelphia and Ileudiug ..
Southern Pacific .. .. ..
Southern Hallway
Ht. Paul
Union Pacific
United states Steel ,, ,, ,,
do, preferred
Wabash
do, preferred
ft
56%
m
f «%
94%, 94%
35% 35%
168% i 127
22- 22%
56%f m
111%;
35%
J20%
104%; 104
135 |i3p%
33% 33%
I a'i
SPINNERS’ TAKINGS
AMERICAN COTTON’
by the spli
world n* follows, in round numbers:
This week 192,000 this year, against 1.4,000
Inst year, 210,000 year before lost.
Total since September 1 this year lUHc
000, ngalnst 10,069,000 last year, and 10,392,000
the year before; . _ .
Of this Northern spinners and On turns
took 2.435.000 bales thla year, against 2.249.-
000 Inst year, and 2,123,000 the year hvfore.
Southern spinners 2,161.000, ngalnst 2.032,0)0
last year, and 1,872,000 tbe year before: and
foreign spinners 6,687,000 against 6.7Hfi,0*DO last
year and 6,397,000 the year before.
NAVAL STORES.
Special to The Georlgan. 41 -
Savannah, Ga., Juue 8.—Turpentipe flro
CHICAGO CAR LOTS.
me receipt* ui Kmiu iu cor iu>- —
nnd estimated receipts for tomorrow nr*: a#
follOWS: .r^nr.
Wheat
Corn
Oat*
Hogs, head..
L. H. Fairchild. Established 1885. S. J. White.
L. H. FAIRCHILD & COMPANY,
NEW ORLEANS.
Member*:
Sew Orlune Cotton Eirhing,, Now York Coffee Kirb.nfe.
New York Cotton Excbnnf,, N.w Orlrana Hoard of Trade.
Vew Ortean, Stock Etchanff*. rbl'-ngo Board of Trad*.
LIVERPOOL COTTON ASSOCIATION.
Prlrat, Wire, to NEW YORK and CUICAUO. Order* *ollclted for fntnro d.llr-
> j on a bora Exchangee. U. C. COTHRAN.
HAYWARD, VICK & CLARK,
COTTON, STOCKS, B0N08, COFFEE, GRAIN AND PROVISIONS.
C*rond*l*t and Gravler Sts. New Orlaana.
MEMBERS:
' 'em Orleans Pntnra Broker*" Aaiielatlaa.
>tr Orlaana and Ohlc.ro Board* of Trod*.
. ew York Coffa* Exrbaui
A.MCtat, Stem!
..’aw York Cotton Kxchang*.
U.lr.atoa Corton Exrhango.
Uoo.ton Cutt.n Exchange.
ATLANTA NATIONAL BANK
ATLANTA, GA.
C. E. CURRIER. President. H. T. INMAN, Vice-President
GEO. R. DONOVAN, Cashier.
JAMES S. FLOYD, Asilstant Caxhler.
Capital $500,000.00
Surplus and Undivided Profits ~ "
We Solicit Your Patronage.
New York and Chicago Correspondents.
4.B. BACHE & CO.. AND BARTLETT, FRAZIER & CARRINGTBN.
£R1VAT£ V¥!M3Jfi ALLPOINT&
ALONZO RICHARDSON & CO.
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Beil Phont, Main 858.
ATLANTA. GEORGIA.