Atlanta Georgian and news. (Atlanta, Ga.) 1907-1912, June 10, 1907, Image 10
10
THE ATLANTA GEORGIAN AND NEWS.
MONDAY. JUNE M, 19«
ENGLISH CABLES
: DECIDEDLY WEAK
Close Was Easy in Tone
With the Futures Sharply
Lower.
SPOTS SLIGHTLY OFF
After Sharp Early Decline
New York Steadied on the
Strength in July.
New York. June 10.—In the cetton tnde
«t the op?ulnr the uigrket w#i active and
J r Ice® were Irregular, be lag at Midler ou
be near nnattlona ond taster on 1st*
mootba. After the call the entire Hat
•bowed a tenderey to advance. The South
appeared to he replacing some of the cot*
ton fold on Saturday.
liquidating early, In Liverpool flrat, where
declloea of 14 to 18 polnta were ahown at.
the eloee with the tone eeay.
The following la the range In the active
months In Liverpool today;
.."Iff
October-Norember
Spot waa t points lower st 7.47 on sales
fluctuations frequent with tendency down
wsrd.
In the afternoon the tendency was still
downward In nil poaltlons except July,
25 points lower on the Inter positions.
Comparative receipts tt all U. 8. porta
Net receipts Monday 4.666
Same day last year 4,242
Increase 424
Total ^receipts for two days 8.811
flame-days last year 9.477
Decrease 1.834
Total receipts since September 1....9.680,720
8ame time last year 7,661,403
Increase 2,lilt,317
Estimated receipts;
1907,
New Orleans £J> Jo J.JJJ
Galveston l.JW to 1,600
Houston 700to 800
Movement st Atlanta:
Receipts Monday, June 10
Bams day last year
Decresss
Shipments Monday, June 10
Same day last year
Decrease
Stock on hand Monday, Jane 10
Same day last year
Increase
1906.
. 6.266
. 3.133
. 2,121
8POT COTTON MARKET.
Allium picmij , uiiuuiiiiH
New York steady; middling 13.25.
New Orleans steady: middling 13c.
Augusta steady; middling 13ft.
Savannah firm; middling 12%.
Memphis steady; middling 12ft. _
Baltimore nominal; middling 13ft.
Onlveaton firm; middling 13Me.
TODAY'8 PORT RECE1PT8.
Tie following table shows receipts at the
ports .today, compared with the aame day
fast year:
INTERIOR RECEIPTQ,
The following table showa recelpta at the
Interior towns today, compared with the
same day last year:
If*
emphlx.. ,
Louis. .
Cincinnati.
1997
1909 |,n*
413
216
15*1
499
59
465 ing
4M trot
192
470
191
2768
1791 ther
HAYWARD, VICK d CLARK’S
DAILY COTTON LETTER.
, Ing all previous news of bgd crop, start
•nd stands, had no further apeclflc effect
on th« markets. This la undoubtedly due
| to the favorable went her we have had for
* about a week. The opinion • Is gaining
* pound that crops are rapidly and material.
NEWS AND GOSSIP
of the Fleecy Staple.
Special to The Georgian.
(From Hayward, Vick A Clark)
New York, June 10.—J. H. Bacbe 6c Co.:
Liverpool was due 10 lower on July and 1
and ft lower to lft higher on new crops.
Opened quiet ft lower; 12:15 p. in., steady
aud unchanged to lft lower on near and 1#
2 lower on distant positions. Spots Irregu
lar 8 points lower at 7.47; American 8,100]
•peculation and sales 4,000; export 400; re
celpts 5.000. ail Atuerlcau. Tenders new
docket 1.000.
Ports ou Saturday were 4,145; exports
4,000.
Ports today estimated early at 4,000,
against 8.160 and 4,242.
Liverpool again coroes better then our
close. Tho Tlmes-Deigoorat report shows
decreased acreage. Outcome dependa
Edited by
Joseph B. Lively
MARKETS
Mr. Lively's twenty-five
years* experience of *»i-
Itlnfc markets In Atlanta
and the Booth has made
him a recognized aq*
thorlty la hla specialty.
months to hold will realize handsome prof,
its later on.
narrow but nenrons, end Influenced
y . ..
ItU
hr, the July strength. % My opinion is the
short Interest lo t* ‘ “ * '
(mated. Thlnl .
the sentiment
•, but
.JWB'IK
effect of the
advise buying it on any
stlmated. Think probably there wifi be 4
*• tal “ - - -
material breaks.
Following are 11 a. m. bids:
September 11.70; October 11.83; January
New Orleans. June 1?>.—Hayward. Vick Sc
Clark: _ Liverpool very *
very disappointing on
eport. Jx>oks ns ir the
weak and lower. Feel*
Tlmes-Democrat's rot,
market will open weak and .
lag here that decline will not bo carried
very far.
weather conditions over Sunday gener
ally favorable except In.Arkansas aud the
territories, where there were some heavy
rains. Very little precipitation elsewhere
and normaUtemperatures.
While there is lots of realising, tbers are
big buying orders here from New York, will
n o lower, but would slowly start buying a
ttle.
More liquidation likely. All Mg people
try to bold It. Weather too good.
December Is In our market at an un
satisfied discount under October. Think
December will go In time, above October.
Watch out bow you operate.
L. H. FAIRCHILD & CO/8
WEEKLY COTTON LETTER,
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
Amalgamated Copper*
Atlantic Coast Lloe. . ,
American Sugar lief. •
Anaconda ....*••<
American lx>comotiTf. ,
do. preferred . • •*
Am. Smelting lief. . .
do, preferred . • •• «
Atchison
Am. Car Foundry ,
Canadian Pacific . . .
Chicago and Nortbir*a. ,
Chesapeake A Ohio . . ,
Colorado Fuel X Iron. ,
'entral Leather ....
do. preferred . . ,
Chicago A Great W. . ,
Chicago, M., A St P.. <
Delaware A Hudson. • ,
General Electric , , . .
Illinois Central , ,
Am. Ice Securities . .
Louisville A Nashville. ,
Mexican Central . . . ,
Missouri, Pacific
Total stock »*lcsfe9.900 shares.
M
... Y., Ont A W.
National Lead ,
Northern Pacific. • . • • ,
New York Central.. • , •
Norfolk A Western. • • • .
Pennsylvania. •••••••
People's
Pressed Steel Car. . • . •
do. preferred. • « • • .
Pacific Malt
Beading.
Srlrv.:::::
_ do. preferred
United State, Robber. . .
do. preferred
Southern Pacific.
Southern Railway.
„ do. preferred
Sloei-Shemeld
Tenn. Coal A Iron. .....
Taxi, A Pacific. .
Union PidSe. ..........
United States Steel.. I . . . , .
do. preferre,).
Va.-Car.Chemtcal.
_ do. preferred.
We.tern Union. .
Wabaah . . . .
do. preferred .
WlKonaln Central . ........
do. preferred .
S3
SK
NEW YORK.
The following Is tho range In cotton fu«
t»»res In Now York today;
Now Orleans. June 8.—The government
‘ ou condition and acreage, while 1
» than expected by those inclined
be extreme. If' it be accepted At Its face
value, Is a most alarming forecaat for
the growing cron, and we assert without
henltatlon that lr tho crop figures given
K ove accurate there Is no probability - of
e crop being anywhere near what pros
pective requirements will be. The bis
tory of previous crons proves that II
i the case that an isrersge ran
lined as high na the June condlt
nd It Is doubtful If we have ever ha
crop where so much‘re planting was neces
sary as In this one. To get the yield per
nere good stands are absolutely necessary,
aud it la impossible, to.reconcile the Idea
of,good standi, with the. conditions which
hnve prevailed this season. Already reports
of boll weevil appearing In large numbers
are coming In from tnuny sections of the
Infected dlatrlct, ond much damage may
occur to the crop from this pest. In n
word. It seems that If we are to have an
o erbp we must escape, during the
ig season, many Ills which cotton li
and we. therefore, consider pres
ent prices exceedingly moderate In view of
the prospects before us. The possibility of
war, o.' some other influence which might
adversely affect the commerce of the world,
•eema to be the only- thing likely to se
rloiisly Impair cotton values for the Imme
diate future; while, on the other bend, with
trade conditions normal, should the Amer*
can cotton crop meet with further reverses
t Is probable that we may aee 15c and even
higher prices.
from several partt
!ng account* received from the Manchester
cloth and yarn market likewise discourage
people. In short, we seem to have ar*
advance, some setback Is but natural. WltL
warm weather and plenty of moisture In
ground the plants art bound to present
hmI appearance soon; whether they era-
__.!y the necessary vigor for bountiful
production la more then dovbtful. Bad
seed, abnormal time of planting will tell
•gain later on, so say people with long
actlcal experience. In the meantime
iere might l>e eome selling on good looks,
the consuming trade Is too much alarm
md too eager for protection to let 11
> much. Liverpool was disappointing
declined as tnnch as 16 points. Our
market opened 10 to 15 lower, end renlls
Ing on change of feeling In sympathy with
tho weather soon caused sagging and • de
cline to around 12.20 for October. Weather
conditions over Sunday were mostly favor
able. The dangerous rainstorm which
threatened Texas Saturday passed west
northward. Excepting Arkansas and the
territories, wbsre locally heavy rains oc
curred. there was hardly any precipitation
In the belt. Indication* point to partly
cloudy to fair weather generally. .The
gh regardless of other con-
ms, checked the decline due to realls-
on good weather and trading settled
nd 12ft for October,
w York, June 10.—J. S. Bacbe A fn.
irther advance wee scored In the Jul;
>n. Short* were nervoue end bid up
month on the call, at the same time
s was* realising In other months. The
ss-Democrnt report, although bad.
not worse than expected, and some
liquidation waa apparent In October. The
1, howover, were nble to hold July, and
j steadied the other niontha after the
enrlr decline. A feverish and unsettled
condition with a likelihood of big liquida
tions occurring on any etgns of weather
Improvement tells the story of the market
: Iy Improving by growth and cultivation, ball rolling.
natural for n setback to occur any moment.
eat her ooudltlona show Improvement and
this inn v be tlio force which will start the
Let l)s Finance Your Enterprises
We are prepared to handle 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 Note,; also buy and sell
various enterprises, especially tho clasp enumerated above.
Advance, made to Manufacturers and Merchants.
We Operate In Every City In the South.
UNLIMITED RESOURCES AT OUR COMMAND, IMMEDIATELY
ACCESSIBLE.
BELL & COMPANY,
Bankers and Brokers,
924-925 Candler Building, Atlanta, 8a.
June • . •
July • •
Aug. • •
Sept. . •
Oct. . .
Nov. , .
Dec.
Jnn.
Mch.
12.02
11.88
11.82
uJi
’lii.92
. 12.03
. 12.12
iioo iioi
11.76 •
Closed barely steady.
t u
11.96&7
12.00.01
11.76- 76
11.66-67
11.78-79
11.77- 79
11.78- 79
i n
wmi
12.00- 04
11.89-90
11.84-87
12.00- 01
11.99-12
12.01-02
12.13-14
12.03|11.97-99U2.22-24
LIVERPOOL.
. Following Is the opening range, 2 p. m.
•nd close, compared with yesterday:
Futures opened easier.
Opening Previous
. Bang*. 3 p. m. Close. Close.
June 7.00 *7.03 7.08 6.85 7.03ft
June-July ... 6.89- 6.91
Jnly-Aug, ... 6.88* 6.89
Aug.-Hept 6.78* 6.80
Sept.-Oct ... 6.70* 6.70*4
Oct-Nor 6.60- 6.63ft
Nor.-Dec. ... 6.66ft-
Dec.*Jsn. ... 6.64- 6.57
Jan.-Feb.- ... 6.36- 6.56
Feb.-March .6.52
March-April 6.52ft-6.56
BJU4
5-86ft
6.79
ATS
6.62 6.49
6.75 6.92
6.46
6.81ft
6.74
6.64ft
6.60
653ft
ATLANTA MARKETS.
FRUIT AND PRODUCE.
EGOS—Active, 178174c.
LIVE POULTRY—Hens, active, 424S«c
each; ducks, Pekin, 80c etch; puddle, 26c
each: tnrkeye. dull. 10c per pound.
PRESSED POULTRY—’Turkey*. undrawn,
active, 16ttl7c pound: fries, nctivc, 86030c
polindi bene,-14c pound. . ■
PRODUCE—Lard, 12c pound; bams
five 16c ^iound; shoulders eetlve Italic
. oney. bright, active, 10c pound; boney In
1-ponnd blocks, active, 124c pound.
KRUITS-Lcmons. fancy Mceeena, $4,500
4.76; btnanue per hunch, culls, active, 11.00;
ttralxhta 64 cents per pound; pineapples,
Florid* stock, t2.75Q3.28; oranxee, Callfor-
‘ rlvel, '
1404.60.
peaches. $2.75413.60 per crate. Grape
fruit, Florida stock, owing to else ant
color, per box, 16.00; limes; Florida atock,
per 100 $1.60; peanuts. In sacks srerafln*
100 pound* each, owing to grade, par pountL
$4<y74c; dried apples. 70<4c; dried
eachse, 114ci prune!, «(74c; cantaloupe,
1.00 crate. Strawberries, 10c. Watermelons,
1.00 barrel. -
VEGETARLES—Yellow squash, $1.0001.28;
cabbage, crate, 2 cents per pound; lomn-
toee, active', $3.80; potatoes, now, $4.00®
4.60 per bnrrel; new potatoes, $1.40
green, tl.28fll.60 crate; aaparasna. 15020c
per bntbel; onlona Loulolana, $2.00 per
buehel; Egyptian 44c per pound; old
Irlab potatoes active $1.1601.20 buabel; cel
ery. fancy, $2.50®$.26 crate; peppera active,
$2.60 crate; okra, nix baaketa, email. $4.00;
crate; lettuce, beaded, active. $2.00®l.00 per
crate; kraut, half barrel, $3.76; beans, round
green. $1.60 crate; asparagus, 16020c per
2-pound bunches; encumbers, $1.5002.00
crate; eg,
niCD—Jap 5©6ftc; heart 607c; fancy head
•H®7. according to the grade.
CUE EBB—Fancy full cream, 16 centa;
Georgia cane syrup. 36 cents gallon; salt,
100-pound, 50c: axle greaae 11.75; soda crack
ers 6ftc pound; lemon 7c; oyster 7c; bar
rel candy, per pound. 6ftc; mixed, per
pound, 6ftc; tomatoes. 2-pomid, 82.00 case;
h-pound, $2-23: tiavy beans. 82.40; Lima beans
*»est matches, per gross, 81.65; macaroni.
7c pound; sarnlues. mustard, 83.25 case.
_ 'GAB—Standard granulated. 6ftc; New
York refined, 4%c; plan tat Inn, 5o.
COFFEE)—Roasted Arbuckles 816; bulk In
bags ana barrel* 12c; green 110120.
Hhradded biscuit 85 case; No. 3 rolled oats
83.25 case; sack .grits, 96-pound bags, 11.85;
oysters, full weight, 82 esse: light weight
81.10 case; pepper, 18c lb.; baking nowder 85
esse; red salmnu, 85 case; pink salmon, 84.26
case; cocoa, 40c; chocolate, 33; snuff. 1-lb.
nr a, 48c; roast beef, 12.60 case: corued beef.
2.60 case; catsup. 11.90 case; sirup, New Or-
eans. 85c gallon; corn 10c gallon; Cuba
potash, 13.2503.W cast; ptsnute, Icj
4 ply cotton. 13c; soap, IL6004
NEW ORLEANS.
Th, following la th, range in cotton fn- »
tare. In Now Orleans today; a
1 B
k
3
ill! Ill i
Jane., • . .
July.. 9 . .
Aug.. • , >
Sept
Oct
Nov.. , , .
Dec. , , , .
Jnn
miftis
12.8212.82
12.8012.80
12.3512.36
12*23(12! 28
12.24)12.29
&05
UJI
UI
12.10
12.05
^.|12.t0 (12.86 *
13.06 13.03-06 13.15-16 *
12.82 12.69-71 12.90
12.62 12.60-69 12.88-89 f
12.12 12.12-13 12.45-46 «
12.04-06 12.37-39
12.06 12.06-07 12.38-39
12.06) 12.05-06) 12.39-40
Closed steady.
BULLISH GOVERNMENT
REPORT IS EXPECTED
Cables Were
fluences For
Finn—In
Higher
Opening in Wheat.
1014c
settled,
CHICAGO DRAIN MARKET.
Chicago grain and provision quotation!
for today are aa follows, compared with
yesterday's cloae:
PROVISIONS.
PROVISIONS-Supreme hanta, 78c; helllc,,
WflM pound, average. $.124; fat barka,
I.M4; Supreme lard. 104; Purity com-
txmuil, 8.16; California barns, 10c; dry suit
xtrs riba. 9,35.
FLOUR AND BRAIN.
FLOUR—Hlghrat patent, $5,43; beat pat-
WHEAT—
July ... 97
Sept. .. 994
Doc. .. 1014
COKN-
995
loin
jtlly .. 644 644 63*4 63>4
Sopt. .. 644 844 634 634
62 824 ,62 624
464 444
OATS—
July .. 4Cft
Kept. .. 3S
Doc. .. 38ft
FORK-
July ..16.30
Sent. ..16.45
LARD-
July .. 9.00
July .. 8.75
Sept. .. 8.92ft
SB
ACREAGE AND CONDITION
8PRINQ AND WINTER WHEAT.
ent, 85.40; standard patent, 84.75; half pat
ent. 84.50: spring wheat patent 86.
CORN—No. 2 wnlte, 79c; choice white, 81c:
vhtte feed. 78c; No. 2 yellow. 78c; mixed
-6c: cracked corn, per bushel, 76c; hulls, 613.
ehlCKF.N FBED-FIfty.pound sacks 10c;
J'urina chick feed, 82.CW; Victor feed, 81.35;
brand feed. 81.30. _ ^ '
0AT8—No. 2 white, '60c: No. 2 mixed, 69c;
(iobleu oats. 69c; white clipped, 61c.
MKAIy—I'latn. per 96-pound sack*, 74c; 43
pound sacks, 76c; plain, 20-pouud sacks, 77c;
germ 81-26.
HAY—Timothy, choice large hales. JL50*
do., choice small bales, 81.45; No. l, one-
third bales, 61.40; No. 2, one-third hales,
81.25; choice prairie, 8100; Bermuda, 81.10
81IOHTH—Choice white 81.50. Texas white
31.35, fancy 81.40, brown (50 to 100 pound*)
81.40, Bran 8135. " 1
REPORTS ON GROWING CROP.
New Orleans, June 10.—'The Tlinea-Detno
erst ^herewith presents Its crop correspond-
The co
follows
1. There has been a distinct decrease In
'reage, but the precise extent of the de
cease cannot l*o determined until tho out-
of the ‘.at>? planting Is known.
2. There has been a great Improvement
3. The plant ob a rule is small and sickly
so that perfect coudltlona from thta time
forth will be needed to avert absolute dis
aster. and the date of killing frost will
possess n supreme Importance.
4. There are pome complaints of Insuf
ficient labor Itecnuse of the fact that many
negroes have migrated from the fields to
the
Memphis. June 10.—The Commercial Ap
peal brings condition up to June d.
Much of the acreage once seeded to cot
ton has U*on abandoned In nil states with
exception of Georgia. North Carolina and
South Carolina. Little 4*r no progres* was
made In growth or cultivation during ten
days prior to June 6. Stands Irregular, oft
en poor, replanted cotton dying over areas
of the central and western belt. Early eot-
ton small, sometimes lousy; crop still the
latest known In years; grassy In many see
tlons where w*;t weather kept labor from
the fields. Weather the past *eek very
favorable and works for nil Improvement
i condition everywhere.
Average abandonment In acreage follows:
North Carolina. South Caroltna and Geor-
g*n. none: Alabama. 4 per cent; Mlsslsslnnl.
4ft ner a*erft; Tcnmss*H-. 3 per cent: Mb-
s-mrl. 10 per cent: AVksnsns. 4 per eent;
Vrfrttlstnitn. 7 per eent; Oklahoma and Indl m
Territory. 3 per cent; Texas, 3 per cent.
Washington, June 10.—Tbs following esti
mates were given out this afternoon by
the crop reporting bonrd of the agricultural
department:
Condition ou flrat of June 88.7 per cent,
i compared with 93.4 at the corresponding
»t« last year, 93,7 on June 1, 1906, and u
..•n-yenr average of 93.3.
Winter Wheat-Average condition June 1,
™»«. a, coinpnrvd with 82.9 on May
1. 19b,. 827 on Juno 1, 1906, 85.5 on June I,
1906, and n ten-year average of 81.L
. (inta-Aereage 31,491,000, an increase of
632,000.Acre*, or 1.7 per cent aa compared
with the final estlmato of acreage sown
last year.
Condition on June 1, S1.6, against 85.9 on
Juno 1, 190rt, 92.9 at the corresponding date
last year, and a ten-year average of 89.7.
LIVERPOOL GRAIN.
Wheat opened tt higher, and at 1:30 p. m.
4 higher. Closed 4tj’t higher,
torn opened unebaopad, and at 2:30 p. m.
was 4 hi
Closed 4 higher.
CHICAGO CAR LOJ8.
TTie recelpta of grain In car lota todav
and eitlinated receipts for tomorrow ar* a,
follow,;
. Today. Tomor.
Wheat 31 67
937 936
Hogs, head.. 60006 18000
WEATHER REPORT.
WEATHER CONDITIONS.
Cloudiness prevail, over the eastern bait
of the map and In the middle northwest,
with rala falling at Bt. Paul, Omnha and
noatou. In tha last 24 hour* min* have
fallen In northeast Georgia, the Carolina*,
the upper Mississippi valley and along the
extreme northern border of the United
States, alio In tb, Missouri valley.
There Is an area of low preasur* centered
near Bt. 2 aul, whera the barometer this
morning registered 29.48 inches.
An area of high preaaura la centered over
New England and weatern New York, ac
companied by lower temperature. In the
northern Rocky Mountain, the temperature
?»■ frJlan conflderably. Yellow,tone Park
reporting 32 degree* and heavy froat this
morning. Over th* southern half of th*
map higher temperatures prevail.
•pie condition* now favor fair weather In
this section tonight and Tnesdny, with no
marked change In temperature.
COTTON REGION BULLETIN.
For the 24 honra ending nt t a. m.. 76th
meridian time, Juna 10, 1907.
n
DISTRICT.
•Atlanta, cloudy. . . .
•Chattanooga, p. cl'dy
Columbus, cloudy. , .
Gainesville, cltar. . .
OfwnTlllo, p. cloudy..
Griffin, cloudy. # » , .
•Macon, clear. ....
Montlcello, clear. , .
Newnan, cloudy. . , .
Home, cloudy. . . .
Toccoa, clear
Weat Point, cloudy. .
*1
TIPS FLASHED
From Wall Street
Special to The Georgian.
(From Hayward, tick * Clark.)
New York, June 10.—J. S. Bacbe Ac Co.
7,ondon market irregular. • .
Prodt-takluf on the advane. mainly the
reason for the Irregularity.
The bank statement was Ignored on Sat
urday aud everybody seemed to attrlbure
the better market to Ihe dedalon In the
Harrimnn case. The market ws* strong
and active at the cloa* with good buying
reported and abort* covering. The
crop report, were , also Ignored. Kansas
.tale crop waa considered very disappoint.
Ing, and this wa* reflected to soma extent
In grain maftet. which dosed atrong. Tho
government crop report today Is eagerly
awaited, and will probably have sotue ef-
feet on atock market. ,, .
On any further bulge profits should lw»
taken, recessions are probable lu view
of the crop scare.
Harriman has apparently been on the /V
fensive for some time. When it Is deflulto-
ly known that no further action against
him Is contemplated from Washington, we
look to see him aggressive, and his stocka
•re cei-tslr ly on an attractive basis, for a
bull campaign wpen the time Is propitious.
New York Financial Bureau: London ft
> ft lower this morning.
Smelting Is tipped for an advance this
week. Northern Pacific and Great North
ern preferred are said to be going higher.
Pennsylvania displays s stronger upward
tendency. Readiug Is again tipped by some
Philadelphia houses ror 115. Hnrrlman
louses are buying Union Pacific and South
ern Pacific. Reported that an attempt may
be made this week to drive .In shorts lu
United States Steel. Bull tlpa on Amalga
mated and Anaconda. Watch low-priced
stocks like Rock Island, Erie, Ontario and
Western qnd Southern Railway. Atchison
held between 86 and 90, St. Paul 123 and
129, Missouri, Kansas and Texas 30 to 34,
Missouri Pacific 72 and 73, New York Cen
tral 108 and 118.
Town Topics; The tendency of the mar
ket to broaden Is one ct the most encour-
iglng features of the situation. Some of
:ne Tow-priced stocks are likely to be
The high-priced rails are still cheap, and
la—will sell much higher before long.
The best policy will be In the purchase of
tbeks of the better grade on all reac
The trend of the market Is distinctly up
ward, but we would not climb for stocks.
Take profits In bulges on cotton and wa..
^a 15 to 20-polnt reaction beforo buying
ell wheat on any sharp rise.
THE COFFEE MARKET.
New York, June 10.—Following are coffee
ibles:
Havre, 10 a. in.—Market
changed; sales, 6.000.
Hamburg. 10 a. m.—Market unchanged;
Rio receipts. 8,000; stock, 904,000; market
steady; shipments to United States, 8,000;
Europe, 2,000.
Santos receipts, 39,000,
Stio Paulo receipts, 40,800.
Juudlahy receipts, 28,000.
Opening
June..
July
August
September.. ..
October
November
Decern her
Closed quiet.
6.35-5.50
6.45-5.50
6.40-6.56
... .. .. 0.50-5.56
!*. Y. 6*40-5.45
6.355.45
6.30-6.40
6.30-6.40
6.25-6.45
. .. 6.36-5.40
Sales 9,760 bugs.
Close.
5.30- 5.40
6.30- 5.40
6.86- 5.46
6.40-5.45
5.45-5.50
6.60-5.60
5.86- 6.40
5.306.35
5.266.30
6.256.30
6.266.30
5.306.35
THE METAL MARKET.
New York, Jun, 10.—All grade, of cop-
.rw.r. reduced.4c In the asking price
tta mete! exchange, malting lake
castings
BUSINESS SCANTY
AT THE_0PENI
Small Advances Were the
Rule at the Session’s
Start.
WERE A FEW LOSSES
Trading Was Moderately
Active Early With the
Tone Fairly Steady.
New York, June 10.—Tne unwar,I n,„
ment, which bad become very 1 well ,!?n°
et the cloae of tbe lust Seek? c ,ntm 1
during the flrat hour of tble mornln/J mm
ket. A folr reinoueo to tbe more ch,5hS
sentiment In Wall etreet circles auncLS
In the action of a moderate amount 1 'out
aide buying orders tide morning. iL,:
wUh * renewal of profeealoaal support
fleed to offset some rather active eelllnsfo.
forelgui account and1 to carry price* up aVaif
point to » point from the r B.turday clS
log. At the higher level the u«ual nro«r
taking eot In lu considerable voli?m e P j
by noon all tbe advance wee loet, eoiie N.
sues showing net osses on the dav. Th.
banks recorded n loss of over 03.odb.ono
the eub-treaeury. Tble on top of g, t „ r :
day's cut In surplus reserve aud the no,,
pact of additionsf gold exports, •eerneS t,
mint very etrongry toward higher money
New York, June 10,-The stock market
opened at alrnoet general galna. Great North;
ern preferred started 4 higher and gained
'2 "lU 011 ":: is'*, 1 ®* «-ere
lyn Rapid Transit, Delsvsre and Hud«oa >4;
Erie 4, Atchison, Missouri l*oc. ond Amal!
gamnted 4 and Baltimore and Ohio and
-ennaylvanla 4. Northern I'aclflc opened
4 lower .and rallied 4. Steel, common na
7,009 shares, opened 404 higher.
MINING STOCK3.
4; Tamarack 106; Utoh 674; Trinity
Id Domlnlou 454; Butte Coalltiuu 1
Franklin 134-
THE LONDON STOCK MARKET.
' -t
8TOCKB-
I OP nil
Anaconda
Atchison
do. preferred
Baltimore snd Ohio .. ,
Chesapeake and Ohio ..
Chicago and Great Wes
Canadian Faclflc .. .. .
Erie
do. preferred .. .
Illinois Central
Kanena and Texas
do. preferred
Louisville and Nnehvllle .
Mexican Central
Norfolk and IVestern.. ,
New York Central .
Ontario and Western.. .
Pennsylvania
Philadelphia "
Bock Island
Southern l-nclflc .. ..
Southern Railway ..
St. Paul
Union Pacific .. ..
United States Steel
do. preferred .. ..
Wabash
ptnICloa
674
894, 894
oli P
112ft 112ft
i2iiii2i‘i
l%ftj 106
21ft
w*
12S .128ft
136ft(tS7
34ft| 35
iis'SBas r M$; i2hour
Oklahoma. Okln....
HEAVY RAINFALL.
2.12
CENTRAL
STATION.
Atlanta. .
Augusta. .
Charleston.
Galveston. . .
Little Rock. .
Memphis. . .
Mobile. . . .
Montgomery.
New Orleans.
Oklahoma. ,
Savannah. .
Vicksburg.
Wllmlugton
DISTRICT AVERAGES.
n
Temper, tura.
J,
Sll
ski
THE 8UGAR MARKET.
basis of 4.90c less 1 per cent for
cash for fine granulated. The local raw
sugar market was steady nnd mifhangcd.
Centrifugal quoted at’ 3.73, Muscovado
3.23 and molasses 3.94. The London beet
sugar market was steady, with June un
changed at 9s ftd and July up ft at 10s
lftd.
T. Indicates losppracfsblt raiu£»iL
tod “ i * • *• “■
Remark,.
Higher temperature, are reported from
over nil the district except west of the
Mississippi snd Wilmington. Rain hiS
fallen nf many stations, with heavy ralnfa
at Oklahomu.
J. B. MARBURY,
Section Director.
FORWARD DELIVERY GOODS
ARE BEING HELD AT VALUE.
The Now York Commercial: As
progress of cotton seefus to be In on up
ward direction, tbe manufacturers of cot
ton goods are takiug the precaution to
place their products at an advance, or, fall
ing to take this positive step, nre holding
forward delivery goods at value. To fully
understand the situation in the flrat band
market It must be stated that all secondary
Interests are uncovered for the fall on line's
of blenched and half bleached goods. Tbe
Jobbers have at length awakened to tbe se
rious situation that faces them nnd are
endeavoring to get their orders accepted ou
sheeting*, cambrics, nainsooks nu$l long-
cloths. The fine yarn construction k*hhVs
needed by eutters-up are In short supply for
the balance of the summer mouths, and It
Is predicted that when lines, now with
drawn. are again on the market thev will
stand at n substantial advance. Cotton
yarns are at value for delivery through
L. H. Fairchild. Eatabllshid 1885. S. J. Whitt.
L. H. FAITtCHILD & COMPANY,
NEW ORLEANS.
Members:
New Orleans Cotton Exchange, New York Coffee Exchange.
New York Cotton Exchange, New Orleans Board of Trade,
\ew Orleans Mock Exchange. C hicago Board of Trade.
LIVERPOOL COTTON ASSOCIATION.
Private Wires to NEW YORK and CHICAGO. Orders solicited for future dellv-
7 on sitovo Exchanges B. C. COTHRAN.
the balance of the yosr, and some con-
tracts on fine yarns are being placed for
delivery In the early months of 1908. Job-
hers declare that as long as tbe cool,
fnluy weather continues they can do noth*
lug In the way of Increasing their sales of
faucv cottons. The retailers are not Inter
ested in this class of merchandise nt any
price and suy they cun not dispose of the
stocks they have In hand. Special lines of
wnite goods for the undergarment trade
are commanding the attention of local man
ufacturers and they are placing some fnlr-
slxed order* for fall delivery ou the better
grndo domestl? lines, lu the woolen mar
ket men’s wear agents are showing a num-
. r iJ?L ,he J l, * lier K r *de fabrics from $1.85ft
to 12.25. These goods stand at last year’s
level of values. Re-orders on fall of 1907
lines of ovtrcoatlngs sre coming slowly nnd
on suitings only a struggling repeat order
business Ts reported.
Print Cloths 8how Advances.
A> no, »|f the higher count print cloths from
68 by $2 to 80 by 80, and still higher con
structions, prices are stiffening and sellers
have been able to uegotlnte contracts for
•pot delivery on fi8 by 72 on a basis of
*ftc. On small contracts for spot delivery
80 by 80 squares, 4-yard goods. 9 ll-16@9ftc,
hnve been paid by converters. Tbe nar
row goods os a class are stronger than nt
the opening of the week, and ou regulars
premiums of l-16e, bringing the price up to
4ftc, hnve been paid the New York brok
ers, The movement on 28-Inch 64 by 60 nt
4 ll-16c Is as heavy aa agents can get mills
to handle. The sold-up condition of this
construction ns well as 27 and 25-Inch cloths,
preclude* the acceptance of the full amount
of business offered. OH cloth manufactur
ers having need of odd construction cloths
find the market n hard one to opernte lu
•nd for their fall delivery orders nro
paying at x*nluo prices.
OH Company, was elected
member of tho board of managers, the gcr-
ernlng body of the exchange. Mr. Young
Is the only cotton oil msn on tbe board.
VISIBLE GRAIN SUPPLY.
Following shows tho weekly visible of
grnlu:
Wheat—Decrease 612,000 bushels
Com—Decrease 36,000 bushels.
Oats—Decrease 462,000 bushels.
NAVAL STORES.
Special to The Georgian.
Savannah, June 10.—Turpentine steady at
sales 70; receipts 719.
COTTON SEED OIL.
Following Is given the opening and closing
of the New York cotton seed oil market;
Opening. Closing.
June &7 T ‘~
June 67ft‘
September 67%569ft
October • 64 v55
November. ...... 46 fff46ft
December 43ft@43ft
Closed steady. ... ,
Following are tha cotton seed oil sale 1
tbe opening and 1:45 p. m. call: 200 Pe
ber at 43ft. 100 October at 63ft. 200 October
at 63ft, 1,100 July at 57ft. Total aalea, 3.4w.
Third National Bank
Capital - - - - $200,000.00
Surplus and Profits $400,000.00
Directors*
DR. A. W. CALHOUN.
MILTON DARGAN, FRANK HAWKINS,
H. M. ATKINSON,
JOSEPH A. M’CORD,
J. n. NTTNNALLY,
J. CARROLL PAYNE.
E. B. ROSSER,
DAVID WOODWARD.
HAYWARD, VICK & CLARK,
COTTON, STOCKS, BONDS, COFFEE, GRAIN AND PROVISIONS.
Carondelot and Gravisr Sts* New Orlaans.
MEMBERS:
New Orleans Fnture Brokers* ts—datlsc
New Orleans snd Chicago Boards of Trade
tew Orleans Cotton Excbango.
sew York Cotton Excbango.
Galveston Cotton Exchange.
Uoustoo Cotton Exchange.
i .'fiv uneans suu voicago ui
I New York Coffeo Exchange.
I Associate Members Liverpool Cotton Ass’*
New York and Chicago Correspondents.
i. %. .ACHE & CO., AND BARTLETT, FRAZIER A CARRINGTON.
PRIVATE WIRES to ALL POINTS.
New York. Bolton. Chicago, Waehlngton. Philadelphia-
Baltimore. Atlanta. New Orleana. San Franclaco. London,
Tk? American Audit Company,
100 Broadway, New York City.
F. W. LAFRENTZ, C. P. A„ Pree. G. E. MANWARING, Vice Prel-
7HEO COCHEU, JR., Secretary.
The American Audit Company, chartered under the laws of New York.
Is empowered to examine the affairs of, and make reports upon the finan
cial condition of private and public concerns for directors, officers and In
dividuals. Tho preparation and Installing of eyetema a specialty.
ATLANTA BRANCH, 1015-101610171018 FOURTH NAT’L BANK BLD0-
C. B. BIDWELL, Resident Manager.
Telephone, Main 872. Cable Address, Amdit, New York.
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bell Phone, Main 858.
ATLANTA. GEORGIA,