Atlanta Georgian and news. (Atlanta, Ga.) 1907-1912, June 27, 1907, Image 12
12'
THE ATLANTA GEORGIAN AND NEWS.
■ruenSDAY, JUNE 77, 1907.
BUSINESS QUIET
AT THEj OPENING
Tone Was Steady Despite
Poor Cables From the
English Market.
OPENED SLIGHTLY OFF
During Morning Advanced
and Sold Above Close
of Wednesday.
New York, June 27.—Business nt the
opening of the local cotton market win
quiet, hut In view of the poor cable* the
undertone of the list wi»* quite steady,
peclally the near months, which seemed
be gaining support from the bull Interest*.
Th*‘ Liverpool market Thursday morning
was dull and slightly better than due on
futures at the opening >f business. At 12:15
p. m.. It was reported Idle, net 101%
points lower. In the later trading, there
was a small rally, closing the market quiet
and unchanged for the near months, while
the distant positions were 1 point hlghi
compared with the closing on Wednesday.
The following la the range In the active
months In Liverpool today:
Open. High. Low.
J anuarr-February ....6.29 6.31 6.27
une 6.82 6.82 6.77
July-August 6.68 6.68 6.63
Oetober-N’ovember ....6.38 6.38 6.33
Spots were shaded 3 points to 7.12 for mid
dllng on sales of 4.000 hales.
At the opening In New York, futures
were 1Q9 points lower, and after a fur
ther decline of 104 points the market turn
ed upward. At midday prices were 106
points shove the previous close. Trading
was very dull.
At the close the market wna steady at 3 t.
8 points, a* compared with Wednesday'*
finals.
Estimated receipt* Thursday:
1907. 190fl
New Orleans 600 to 900 712
Gnlvestou 1,000 to 1,600 1,571
Houston 50 to 100 1,028
Movement at Atlanta:
Receipts Thursday None
Same day last year 65
Itecrense 65
Shipments Thursday None
Same day last year 81
Decrease 81
Stock on band Thursday 4.477
Same day Inst year * 2.147
Increase 2.330
8POT COTTON MARKET.
. na i
New York, steady; middling 13c.
New Orlenns, Arm; middling 12%.
Augusta, steady; middling 13%.
Savannah, quiet; middling 12%.
Memphis, steady; middling 1213-16.
Galveston, quiet; middling 12%.
Charleston, uominal.
Wilmington, nominal.
Norfolk, steady; middling 13%.
St. Iioufs, steady; middling 12%.
Boston, quiet; middling 13c.
' Baltimore, nominal: middling 13%.
Mobile, steady; middling 12%.
Philadelphia, steady; middling 13c.
Houston, steady: middling 12%.
Cfnrlunntl, nominal.
Louisville, quiet; middling 12%.
TODAY’S FuRT RF.CEIPT8.
The following table shows receipts at the
K rts today, compared with the name day
it year;
NEWS AND GOSSIP
of tho Fleecy Staple.
Special to The Georgian.
tFrom Hayward, Vick A Clark.)
'New York, June 27.—J. K. Bache & Co.:
Liverpool wn* due 1% to 2% lower. Opened
steady and unchanged on near and 1 lower
on distant. At 12:15 p. ui.. market Idle, net
1 to 1% lower. Spot* dull at 3 points
lower; middling. 7.12; sales 4,000, American
3.800; speculation ami export, 200; Imports,
3,000; American uoub;
port -receipts estimated at 3,500, against
4,170 last year.
Liverpool some better. The July-August
Reposed of.
. ntitlnue* favorable, and this also
aggressive bullish activity.^ The bull
J ill v deal and bureau rej»ort i
Weatb< ■- * ■*
deters
clique control* the situation. No outside
business. Fluctuations due to manipulative
tactics. Favor buylug side ou oil fair reac
tions.
Cotton opened easier on cable*. Very lit-
e business.
Van Dyke bought c<
reliably for McIntyre.
New Orleans, Juno 27.—Hayward, Vick &
Clark: Barring manipulation, the market
Is good for n decline before next Tuesday,
but very uncetraln owing to the existence
of these manipulative bull pools. Bather
wait until It Is down, or follow' the market
by buying on down-grade. There will be a
big advance yet this summer.
The American, a New York paper, says,
In short, that Price has formed n syndicate
and secured control of all the certificated
cotton In New York ond nt other points.
Mr. Price, in an Interview, admitted that
he Is Interested In August and expects to
see It sell much higher. The present pool
claims to have over half of total port stocks
In the Putted State*. Operators think the
coming crop can not reach 12.000,000, and
that their present position la so much
stronger In consequence.
Map. now complete. Indicates only partly
favorable weather, pointing to cloudy and
showery weather in the northern half of
the belt and partly cloudy to fair In south-
Edited by
Joseph B. Lively
MARKETS
Mr. Lively’s twenty-firs
years’ tzperlencs of ed
iting markets In Atlanta
sod the South has made
him s recognized au
thority to his specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
KAMR OF STOPS.
row.
belt. Generally fair und warmer toraor-
ATLANTA MARKETS.
New Orleans. . . .
Gnlvestou
Mobile
Savannah
Charleston
Wilmington. . . . .
Norfolk
Boston
Philadelphia
INTERIOR RECEIPT8.
The following table abowa receipts at the
Interior towns today, computed with the
same day last year:
Houston. .
Augusta. .
Memphis.
HAYWARD, VICK & CLARK’8
DAILY COTTON LETTER.
New Orleans, June 27.—The market I*
very simple to describe, but very difficult
to guess, as artificial forces are so promt
uent at present. It looks heavy at tlniei
In anticipation of n bearish July burenu,
dullness and favornblo weather, but every
body Is nfrald to trade on logins! opinion
for fear of getting enught In some nuinlttu-
htlre movement. .Scalpers take n bold fly
er from time to time and sell It, but ruu
double quick as soou as there is the least
steadiness. The eonsequenco Is very nar
row markets. This condition can hardly
continue much louger. A break In the dead
lock must occur s»m>ii. There I* one Idea
well defined and prevailing among traders,
snd that Is, should the market give way on
or before bureau day It will be the one op
portunity to get In and prepare for Another
big advance confidently expected to
during the summer or fall. Liverpool
tiuues Indifferent. Our market opened 3q/4
lower, but New YriVk steadied and shorts
Immediately ran to cover, fearing n manip
ulative twist ns on Tuesday, and put It 12
points up before tho first hour bud elapsed.
Dullness folio wed and some recession.
Weather conditions are no longer ns uni
formly favorable. Heavy rains fell In the
territories where not needed. Several local
storms occurred In the northern belt, and
the cold wave which caused recent showers
Is disappearing. Texas temperature*, nre
higher. It will get warmer generally in
the West, and there Is a possibility of a
hot spell. The Into sight for the week
points to about 45,000, against 60,227 last
year and 101.674 In 1906. official weath
er records are missing frmu the Territo
ries. Tho rulustorm may have been severe
there.
New York, June 27.—J. 8. Bache A Co.:
There were some signs of nervousness at
the opening this morning, which ruled un
changed to 5 points lower. Manipulation for
the purpooe of obtaining a better selling
basis In the new crop months through
strength In the near positions was the
feature of the morning. Outside of profes
sional selling, there waa some commission
bouse business. Realizing through fenr that
the bureau report would show marked im
provement was slso a feature. Naturally
some selling on this Idea Is in order, but
c; best matches, per gt
WB7e pound; sardines,
BUG AH—Standard gri
ariiTi*, i<vo7r’>
LIVE POULTRY—Ileus active, 37%04Oc;
chickens (fries). 12%027%c. Ducks, Pekin,
30c each; puddle, 25c each. Turkey* dull,
per pound.
PRESSED POULTRY—Turkeys, undrawn,
active, 161717c pound; fries, active, 28®30c
pound; hens, 14c pound; ducks, undrawu,
fancy, 15c pound.
PRODUCE—Lard, 12c pound; hams ac
tive 16c pound: shoulders active 3901 If
pound; sides active, lie pound; butter dull;
IO012%e pound; beeswax active, 26c pound;
honey, bright, active, 10c pound; honey In
‘ pound blocks active, 12%c pound.
FRUITS—Lemons, fancy MeHSona, 15.00®
$5.25: banana* per bunch, culls nctlvo, $1.00;
atrnlghts 3% cents per pound; pineapples,
Florida stock, $2.7503.25; oranges, Califor
nia stock, per box, $4.50. Florida hon
ey peaches, $2.75®3.69 per cruta. Graps
fruit, Florida atock, owing to size and
color, per box, $6.00; limes, Florida stock,
per 100. $1.00; peanuts In sacks averaging
100 pounds each, owing to grade, per pound
708c; dried apples, 708%e; dried
f ienches, ll%e; prunes, 607%c; cantaloupe,
2.0002.60 crate; watermelons, 16®20c each
Georgia peaches, $2.00 crate; blackberrlei
12%c; rhunarb, 60c bunch.
VEGTABLKfif—Tomatoes are active an.
selling nt $1,761*2.00. Potatoes, new, $3.00
03.60 per barrel. Onions, Iiouislnnn, $2 pc
bushel; Egyptian 4%c per pound; oli.
Irish potatoes active $1.1601.20 bushel; ceW
prr. fancy, $2.6003.25 crate; peppers, slow.
$1.26 crate: okra, six baskets, small, $3.00;
kraut, half barrel, $3.75; cucumbers, $1.25®
" per crate; egg plant, $1.2501.75.
QROCERIF.8.
RICE—Jap 606%c; head 607c; fancy head
6%®7, according to the grade.
CHEESE—Fancy full cream, 16 cents;
Georgia cane syrup, 36 cents gallon; salt,
100-pound, 60c; axle grease $1.75; soda crack-
era 6%c pound; lemon 7c: oyster 7c; bar
rel candy, per pound, 6%c: mixed, per
Tomatoes, 2-pound, $2.00 case;
navy beans, $2.40; Lima beans
_ — gross, $1.66; macaroni,
s, mustard, $3.25 case,
granulated. 6%c; New
York refined, 4%c; plantation, 6c.
COFFEE—Roasted Arbuckles $16; bulk In
bags and barrel* 12c* green 11012c.
Khredded biscuit $5 case; No. $ rolled oats
$3.26 case; aack grlta, 96 pound bag*. $1.86;
oystera. full weight. $2 case; light weight
${.10 case; pepper, 18c lb.; linking powder $5
case; red snlmon, $6 case; pink salmon. $4.25
case; cocoa, 40c; chocolate, 33; snuff. 1-lb,
j nra, 48c; roast beef, $2.60 esse; corned beef,
2 60 case; catsup, $190 case; sirup, New Or-
leans, 38c gallon; corn, 30c gallon; Cuba
potash. $32603-80 case; peanuts, lc; rope,
4-ply cottuu. l$c; soap, $1.6004 cuss.
PROVISIONS.
PROVISIONS—Supreme hams, 15c; bellies,
50025 pounds average. 9.65; fnt backs. 7.90;
Supreme lard. 9%; Purity compound, 8%;
California bants, 10c; dry salt extra ribs,
9.17%.
FLOUR AND GRAIN.
FLOUR—Hllhest patent, $5.68; best pat
ent. $6.40; standard patent, $4.78; hnlf pat-
-nt $4.60; spring wheat patent $6.
CORN—*o. 2 wl.lte, 78c; choice white, 80c;
white feed, "Ho; No. 2 yellow', 77c; mixed.
76c; cracked corn per bushel, 78c; bulla, $1$
CHICKEN FhKD—Fifty-pound sacks, 96c;
Punln chick feed, $2.00; Victor feed, $1.35;
brand feed, $1.35.
OATS—No. 2 white, 60o; No. 2 mixed, 69c;
Golden oats, 69c; white clipped, 62c.
MEAD—Plata, per 96-pound sacks, 76c; 48-
pound sacks, 77c; plain, 20-pouud sacks, 78c;
germ, $1.26.
HAY—Timothy, choice large bale*. $1.40;
do., choice small bale*, $1.36; No. 1, one-
third bales, $1.35: No. 2, one-third bales,
$1.30; choice prairie, 11.00; Rerutuda, $1.10.
SHORTS—Choice white $1.60; Texas white
$1.60; fancy. $1.45; brow u, <80 to 100 pounds),
40c. llruud $1.35.
FISH."
F18T1—Rrenm 7c pound. .
pound; trout 8c pound; blue fish 7c pound;
pompano, 2flc pound; mackerel, 12%c pound;
mixed fish, 5c pound; fresh water trout, 8c.
SHARP ADVANCES EXPECTED
ON NEXT 8PRING COTTONS.
As fa*t as line* of fancy cotton* for the
spring of 1908 are shown, the cutters-up and
Jobbers find that each mill Is naming an In
dividual price based upon the position of
stocks and the yarn market. On plnbls and
checks tn woveu fancies the general prices
are at an advance of from 2 to 3 per cent
over u year ago. Advance* nre expected to
follow the closing down of mills next
month, nnd In anticipation of print cloths,
sheetings, shirting* nnd staple colored cot
tons going to new high levels the buying
movement now In progress I* much stronger
than during the past fortnight. In the Job-
blng market the JJnes that have been called
for most briskly during the present clear-
Amalguuiuted Copper . •
Atlantic Coast Line. . ,
American Sugar Kef. . .
Auscouds .
American Lccomotlva. .
do, preferred
Am. Smelting Kef. . . .
do, preferred .....
Atchison .......
do. preferred .....
American Cotton Oil. . .
Am. Car Foundry ,
Chesapeake A Ohio
Colorado Fuel a Jroo.
Central Leather ....
do, preferred ....
Chicago A Great W. .
Chicago, M., & St.P..
Delaware A Hudson. .
Disttileriu Securltlea. .
Erie
_ do, preferred . • .. ,
General Electric . . .
Illinois Central ....
Am. Ice Securities . .
Louisville A Nashville.
Mexican Central . . .
Missouri Pacific ....
12&
66%
15%
121%
66%
m
NAME OF STOCK.
N. Out. tc W. .
National Lead. . .
Nortb.ru Pacific. .
New York Central
Norfolk * Weatern.
Pennsylvania. . * •
People's Gas. . ■ .
Pressed Steel Car.
do. preferred. .
Pacific Mall
Beading
Ucpubltc Steel. . .
llocli Island. ....
do, preferred.
Southern Pacific. , •
Southern Hallwaj...
do. preferred. ■ .
Bloaa-Sbetnvld. . . .
■Teno. Coal k Iron. .
Texas * Pacific. . . .
Union Pacific. . . . .
United States Steel..
do. preferred.
Western Union. .
Wabash.
ft, preferred
Tolnl stock sale, 477..W aliarea.
NEW YORK.
June..
July.. .
Aug.. .
Sept.. ,
Oct. .
Nov.. ,
Dec. .
Jan. . ,
March.
m
..... | 111.72-75
11.72 11.76 11.76 77
11.67 11.74 11.74-76
11.33 11.43 1L41-42
11.45 11.55 11.56
11.54-56
11.67 11.46 11.66 11.57-58
zi.o* ll.68lll.55 11.68 11.67-68
11.67 11.78|l 1.67| 11.77; 11.77-78
u
1.69-72
1L73-74
11.70-71
,11.37-38
11.49 50
1L 46-48
11.51-63
11.61-62
11.72-73
LIVERPPOOL.
Following Is the opening range, 2 p. m.
and close, compared with yesterday:
Futures opened quiet.
Opening Previous
Range. 2 p.m. Close..Close.
June 6.82 -6.80 6.80 6.80% 6.81%
June-July... 6.68 -6.67 .... 6.67% 6.68
July-Aug.... 6.68 -6.65 6.65 6.66 . 6.66%
Aitg.-Sept... 6.56 -6.54% 6.55 6.56 : 6.56
6.37%
6.33%
8.31%
Sept.-Oct.... 6.47%-6.46 6.46 6.47
Oct.-Nov.... 6.38 -6.36
Nov.-Dec....
Dec. Jan..., G.30%-6.30
Jan.-Feb.... 6.29 -6.28%
Feb.-March.. 6.30%-6.28%
Mar.-April... 6.30 -6.29%
Closed quiet.
6.36% 6.38%
6.32 6.34%
6.30% 8.32%
6.29 6.31 6.30
.... 6.31 6.30
6.30 6.32 6.31
NEW ORLEANS.
Tha following Is the range lo cotton fa*
tures In New Orleans today:
I d
J *
i
u
i |ii| 1
il
Juno.. . •
July 12.60
Aug 12.54
Sept.. . . .12.28
net 11.74
Nov.. . .
Dec 11.69
Jan 11.73
March. . ..|
12.66
12.64
12.31
11.86
il®
1L85
....A 112.64
12.60 12.66 12.66*75
12.5112.6112.65
12.28 12.31 12.30-32
11.74 11.85 1L85-86
11.77-80
11.67 11.78 11.78-79
1L73 11.85 11.84-85
! 11.94-97
12*. 59*60
12.45-46
12.22
11.77-78
U.70-73
11.71-72
11.76-77
11.84-88
Closed steady.
mice title* have Included fun
cot to
W
t'laflln
g
establishment will begin nml 1*
to lost for the balance of the week.
Agents who have been offering gray good*
for fall delivery on a basis of 5 cent* f«tr
regular* report printer* nnd cutter* up as
willing to contract for their full require
ment* up to mid-winter mi this bnsl*. All
of the coarse yarn cotton* are holding
steady In first and second hand*. Among
large handler* of woolen dress good* It
declared that fall reorders are now
strongly favoring fancy suiting*. For the
balance of the month It I* not expected
men’* wear agents will o|w*n many new
middle of the month.
NOTES. ON GRAIN.
Poiuters on Provision!.
■ much Injury they may
The Chicago Itcrord-IIerald: The Lon
don StntlMt of June 15 says: "A serious
European wLeat crop deficiency, compared
with 1906, Is almost Inevitable, because au
tumn sown In l iHsla Is officially recog
nized to be n failure; In Germany a 25 per
cent shortage Is probable; Hungary, 40 per
cent less than 1906, and Itoumnula and
Bulgarin only about one-half of last year’s
yield expected. With 146,000,000 bushels In
sight lu Europe, tho United Stutea and
Canada June 1, it Is clearly shown that
there la no present lack of wheat, although
no superabundance In view of Europe’s In
creased requirements. A rapid decrease I*
to be expected during the next two
months, und In view of tho probability of
serious deficiency In the growing crops It
teems difficult to believe that the markets
can loug remain lu their present dull posi
tion."
"For ten days I have been watching some
corn fields," said It. W. Koloson. "They
have had showers aud warmth, yet in that
time they have not grown over about 2
Inches. I have asked why thoy did not
grow faster, and no one seems to know,
und tho fnriuers were discouraged over tho
outlook. All sold that corn waa fully n
month behind last year. Four days ago I
examined some oat fields. They looked fine
and wero growing fast. I found a few
hugs. I examined them again on Saturday
and was surprised to find them alive with
hugs and could s — * "*
from the hugs. II
suffer none can tell at present.'
Crop Expert George M. Leeount reports
from Superior, Nebr., to Finley Barrel!: ’’I
am now In the extreme southern part of
Nebraska; tho farther north I go the better
the wheat I*. In some part* of Kansas,
the wheat has Improved since I was Inst
there, while in other parts where It
badly frosted It has deteriorated. 1
what I cau learn the northeast purt of the
state has a very good crop; the east part
of the stato that I have seen has a fair
crop; the central and western parts nro
very poor, and In some parts will not make
over one-third of a crop, nnd there nre
plenty of fields In the worst districts that
will never be harvested at all. The wheat
that was not frosted is filling fine and tho
grndo will be good, but there nre frosted
patches In the field* lu central nnd western
Kansas that will be harvested with the
good wheat nnd will lower the grade of
the wheat In general. Harvesting will be
general in Knnsns by June 25, and tho
wheat Is turning here. Now I think Kan
sas will raise about 50,000,000 bushels this
•easou. Home peoplo think It will raise
more. I think It possible It may raise less.
... order to raise more than 60,000,000 bush
els the wheat would have to average over
8 bushel* nnd I don't think It will do that.
1 think it will average about 7 bushels.
Van Dusen-Ifarrlngton wired: “Weather
conditions In Minnesota nnd North Dakota
nnd South Dakota unite satisfactory.
Have had a few complaints of too dry nt
Minot nnd west. Had good rains there
Wednesday."
Samples of new Oklahoma wheat were
received here yesterday. Tho grain was
of excellent quality nnd evidently came
from district* whore the bug damage was
not pronounced.
Tho world'* wheat shipments were
Last Previous
Week.
American 3,448,ono
Russian 1.744.000
Dnuuhian porta. 1,664,090
WHEAT WAS FRACTION
BETTERjAT OPENING
Rains in Kansas and Okla
homa Offset tho Low
er Cables.
Australian 272,(
Aus -Hungarian
Chile N. African. 96,C
Totals 10,912,000 11.568,000 9,136,000
The world’s corn shipments were:
Last Previous Last
Week. Week. Year.
1,121.000 699,000 406.000
. .. 975,090 1.381.090 138.900
* ...3,924,000 3.388.000 910.000
1.853,000 1.552.000 2.876.000
... .77,873,000 7.020.000 4,330,000
American
Busslnu
Danublan
Argentina
ST. LOUIS CASH QUOTATIONS.
Wheat—No. 2 red winter 01.
Corn—No. 2 B144@fi2.
Oat»—No. 2 OVMAAt.
Chicago, June 27.—Wheat closed at
advances of 3 l-2@3 7-8c| corn waa
up 7-8@l l-8c, and oats gained 3-8®
lc. Provisions were G@13 l-2c higher.
Jones estimates that tho wheat yields
of Kansas, Texas and Oklahoma will
not exceed 50,000,000 bushels, Crop
news from tho Northwest waa bullish,
green bugs being reported In Minne
sota and sections of tho other spring
wheat states. Dry weather In Mani
toba and a good export demand. These
conditions drove many ehorts under
cover and caused Investors to take hold
In a liberal manner.
Corn was helped more or less by
wheat. Many scattered shorts covered
during the day.
Oats became over-sold In the early
bear movement and prices advanced
with wheat.
Provisions were fiulet and price
changes rather small.
CHICAGO GRAIN MARKET.
Chicago grain snd provtiton qnotntlon,
for tmfty are as fallows, compared with
yr-tcrilny's close:
Previous
Open. High. Low. Close. Close.
WHEAT—
July.,.. 92K
Hcpt.... 9M4
Dec 87%
CORN-
July.... 53
kept.... gg
WEATHER REPORT.
WEATHER CONDITIONS.
The low area that was over the lake re
gion yesterday morning has moved eastward
and developed Into a atorm of considerable
energy In New England, and has car *
general rnlna over the northeast.
The high area that was over the Dakotas
nnd Montana has dropped south, decreasing
In energy, and la now centered over west
ern Nebraska.
Showers have occurred In the Inst twenty-
four hours in the lower Mississippi valley
nnd nt scattered stations In tho eastern half
of the cotton belt.
As a rule but little change has occurred
In temperature over the southern hnlf of
the map, while In the northeust fall* of 10
to 22 degrees have occurred.
The conditions continue favorable for the
development of local thunder storms In this
vicinity tonight nnd probably Friday.
COTTON REGION BULLETIN.
meridian time, June 2
STATIONS
ATLANTA
DISTRICT.
103%
Dec....
OAT8-
July.... 42%
Sept.... 37%
ket Is now In a state of Inertia through
the operation of opposite forces of equal weeks' drlar In crop start ope
strength. It remains to be seen which force terbalnnce the marked Ituprov
Will overcome tho other. Tho bearish | June.
JULY NOTICES STOPPED
BY SOUTHERN SPINNERS.
w Orleans. June 27.—The Times I>emo-
says: •■Southern spinner* stopped July
•es tn the New Orleans market vester-
nml will take up cotton. This wna
done, lu the first place, because they need
•otton. In the second place, because it
appeared to be the cheapest method of ob-
tabling supplies. In the third, because cot-
Ion so tendered from the New Orleans stock
can ii"t tie manipulated against tin* receiver
a* could be done under nn arbitrary cer-
tbleiitboi plan of approximately 144 imle lot*.
The favorable forecast wn* further
"I no- .
II-1 W-eat ltd
HAYWARD, VICK & CLARK,
COTTON, STOCKS, BONDS, COFFEE, GRAIN AND PROVISIONS.
C.rond.t.t and Oravl.r Sta. Ntw Orlaana.
MEMBERS:
Sew Orlaana Future Brokers’ iMSdatlih
New Orleans nnd Chicago Boards of Trad* ,
New York Toffee Exchange.
Associate Mem Mrs Liverpool Cottas A«’a.
the prompt in
.t Ices were
point
iy. Locally th*
ewed up tight
rll" nfi
But the
and f>*r some unexplained
months mnnlpubitor took
Interlude cost t
the gain
* Jnlv on
urn. Tile New
cm* to 1m. shift-
August."— Hayward, Vick
Price
me pro.
i appears
Cotton Exchange.
New York and Chicago Correspondent*.
B» BACHE & CO., AND BARTLETT, FRAZIER A CARRINQTOtt.
PRIVATE WIRES TO ALL POINTS,
that fh-,
•hi* side of F*
t.p? additional »rde
paid for spots. The for
on wide good* |* nirprt*
and factor*, for price* an
lc* am crtalu.
Dee..
PORK—
July.. 13.87% 16.10
q>t.. 16.20 16.40
LARD-
Jnly .. 8.77% 8.87
Hept. .. 9.00 9.07'
RIBS-
July... 8.55 8.fi2«
Sept... 8.77% 8.8o
WILD STAMPEDE IN NEW YORK.
New York. June 27.—There has been s
wild stampede of short* In wheat thl* after
noon nnd price* nre now up 4%c from the
low point of the day.
jonesHreport on wheat.
.Tones’ winter wheat imtlmate last May of
325.000.000 bushel* wn* lmsed on a po**lble
Kansas yield of 60,000,000. Damage sustain*
il Hlneo, carefully computed, leads to tho
nnclusbm that Kansaa, Texas and Okla
homa combined will not raise 60.000.0*1 bush
el*- nor doc* nu examination In Nebraska
ami other important part* of tho belt note
any improvement to offset this his*.
Spring wheat in the northwest is suffering
from dry. cold weather In place* where the
CHICAGO CAR LOTS.
The receipts of grain in car lots today
and estimated receipt* for tomorrow nre nt
Today. Tomor.
.. 18000 19000
THE LIVE STOCK MARKET.
Chicago. June 27.—Hogs—Receipt* today
21.000; ostlmnted for tomorrow lS.ooo. Mar
ket a shade higher: light $8.8606.12%; mixed
$5,8006.10; heavy $5.6006: rough $5.6005.80;
pig* $5.4006.05: corkers $6.0506.10; good to atorm yesterdn
choice heavy $5.9006. Alabama—Hell
rattle—Receipt* 5,000. Market steadv; this morning: Fl<
Ihhmes $4.6507.10; cows $1.7604.75; heifer*
$2.t>Vfj6.60; calve* $607: good prime steer*
$5.7007.10; poor to medium 94.ffiff5.65; stock-
er» and feelers $2.9005.15.
Sheep—Receipts 9.001. Market weak; na
tive* $466.20; western $406.20; yearlings $6 111 Ne
Jtjv’o: bind is, native uud western. $5.7501 chan
•Atlanta, clear. . , .
•Chattanooga, clear. .
Columbus, clear. . . .
g alneavtlle, clear. . .
reenvllle, clear. . . .
Griffin, cloudy. . . .
•Macon, p. cloudy
Montlcello, cloudy. . .
Newnan. p. cloudy....
Rome, clear
8partanburg, cloudy..
Tallapoosa, p. cloudy.
Toccoa. clenr.
West Point, p. cloudy
•Minimum temperature for the 12-hour pe
riod ending 8 a. m. this date.
4I# , , heavy uaTnfalls’.
Allendale, 8. C i 64
Clnxton, Ain r?:)
Quitman, Oa.< 1.34
TIPS FLASHED
From Wall Street
6t>eclal to The Georgian.
(From Hayward, Vick A Clark.)
• New York, June 27.—J. 8. Bache A Co.
London firm, mostly above parity. Amalga
mated strong. Sentiment on the other ame
changer for netter on.Ameircan rails. The
the question Is threshed out- lu regard to
railroad rate*."
The Price Current say* this ha* been a
good week for agricultural Interest*. Wheat
crop situation more assuring. Corn advanc
ing favorably. Onta indicate some better
ment.
The outaide buying yesterday was not
very large, but they have started, and that
la the main thing. The Rockefeller Inter
view will go a long way toward restoring
confidence needed.
The market ahould recover from the open
lng and go higher.
Town Topics: In view of the cash losses
suffered by the banka during the week, we
expect the reactionary tendency to be in
force again today. The moat important In
terest!, while not dlalnctlned to help along
a bull movement later, bare been suppl ’
stocks rather UbeVally during the i>ai_ „
hours, and evidently do not cousiaer the
f 'resent time as ripe for any general at-
empt to Improve prices. Recent purchas
ers who failed to sell ou the rally will be
all the more anxious now that the bull
following has proved so timid, so that we
look for such a decline through technical
reasons alone, now that the abort luterest
has been so well eliminated.
Pennsylvania, New York Central, and Mis
souri Pacific ahould be left alone for the
present, but other standard rails, and espe
cially the Harrlman and Hill Issues. 8t.
Paul, Atchison, Baltimore and Ohio, Atlan
tic Coast Line, Louisville aud Nashville, aud
Northwestern should be hought on the re
actions, as should the Coppers, despite the
probability of a sharp fall in metal prices.
If cotton should drop 10 points or so fur
ther we would buy for moderate profits.
Lower prices are likely in wheat.
New York Financial Bureau: Great
Northern preferred and Northern Pacific
display tendencies In the direction of higher
In the Industrial group we would favor
Smelting and Amalgamated, but not neg
ating returns on the bulges.
Reading Is highly speculative, but the mn
THE COFFEE MARKET.
New York, June 27.—Following are coffee
ahles:
Havre, 10 n. m.—Market quiet; noon, un
changed; sale*. 6,000.
Hamburg, 10 u. m.—Market unchanged;
sales, 6.
Rio
States,
Europe, 3,000; stock, 891,000;
market steaiir.
Snntos receipts 30,000; stock, 2,111,000; mar
ket barely steady.
Suo Paulo receipts 30,000.
Jundlnhy receipts, 20,000.
FRACTIONAL GAINS
Trading in Stocks were Con
fined to a Small List
of Issues.
- ii ■
GT. NORTHERN LEADS
During the Early Session
the Leaders Worked
Steadily Upward. .,'
New York.^Juno 27.—The purely technl.
cal nature of yesterday afternoon’s r?a C .i
London, and it did not at any time durlni'
the morning reach the low figures of r of I
terdny'a close. It was found that the renU !
laing sales of the professional traders hav..
lug beeu completed, there waa nobodr *!«*•
to sell, and on this discovery the 0 ctiv* :
traders In the board room again turned i
their attention to the long side. By mldSfl?
the whole market whs very strong again '
the rising tendency being the more Hotel
worthy because it persisted In the face
of a sharp advance In call money. The
rate for call loans went as high ns 5% per
ceut, with the course of the forenoon, but
the expectations that this would adversely
affect the market situation was qu|-k!y dii
appointed.
New' York, June 27.—The stock market
jpened quiet, but with prices as a rule
showing fractional gains. Great Northern
preferred led the advance with a rise of \
Atchison and Reading were up while
Union Pacific, Erie, Pennsylvania, St. Paul
and Baltimore and Ohio gained %. Ana
conda and Sugar opened % lower.
MONEY AND EXCHANGE.
New York, June 27.—Money on call,
cloned at 607; time loana firm; 30 to 90 dam'
4%04*4; *lx months, 61%@6%.
Posted rates: (sterling exchange,
4.87%. with actual business in bankers’ bills
nt $4.868504.8695 for demand and $4.83 for 60-
dnv bills.
Prime mercantile pnper unchanged.
London Imr silver steady ut 30%<l. New
MINING 8T0CK8.
Itnh 51. Market quiet.
March ..
Anrll .. ..
May .. ..
June .. .. .
July
August .. .
September
October .. ,
November ■
December
Opening
Range.
,.5.25-5.30
..6.25-5.30
,.5.30-5.35
..5.25-5.30
,.5.35-5.40
,.5.10-6.25
,.5.10-5.20
,.5.10-5.20
,.5.15-5.20
,.5.15-6.20
..5.15-5.25
..5.20-5.25
Close.
5.20-5.25
5.20-5.25
5.25-5.30
5.80-6.35
MO48
5.10-5.15
5.10- 5.15
5.10 5.15
6.10- 5.15
6.10- 5.15
5.10- 5.15
5.15-5.20
CENTRAL
8TATION.
Charleston. . .
Galveston. . .
Little Rock. .
Memphis. . . .
Mobile
Montgomery. .
New Orleans..
Savannah. . .
Vicksburg. . .
DISTRICT AVERAGES.
Ill
Ilf
III
T. Indicates Inappreciable .rainfall *Fo7
yesterday. ••For 24 hours ending • m..
i6tb meridian tlma.
Remarks.
Temperatures have fallen somewhat in the
weatern ports of the belt, and are slightly
higher lu the eastern parts. Changes sre
generally local in character. Rain ha* fallen
in all sections except Galveston.
WEATHER IN COTTON BELT.
iTslann— Partly cloudy; possibly scat-
Closed barely steady. Sales 18,000 bags.
COTTON SEED OIL MARKET.
*
Following !§ given the opening and closing
June. . , * .
July
September. . . .
October
November. • . •
December. . . .
Closed steady.
Following were tho cotton seed oil sales
for the opening nnd close: 200 July at 67,
200 September nt 57, 100 November nt 62 r
800 July at 66%, 100 Sepjtrraber at 66%. I...
October nt 51%, 100 December at 41%. Total
sales 1,600.
NAVAL 8T0RE8.
Special to The Georgian.
Savannah. June 27.—Turpentine firm at
67%; sales 386; receipts 1,891.
Rosin firm; sales 2,674; receipt* 3.380;
window glnss $5.6606: water white $5,750
5.85; M $5.6505.75: N $5.45; K $6.25; I $5.06;
II $4.8505; O $4,800: F $4.7504.90; E $4,650
4.60; I> $4.2004.30; 0 B $3.8504.05.
THE LIVERPOOL GRAIN MARKET.
id South)—Partly
WEATHER FORECAST. ,
*—Palin*, clear nnd fine, had benefl
clnl r.iln yesterday afternoon; Texnrknuu.
hard rain yesterday; Houston, Taylor, Waco
and Austin, clear and hot; Fort Worth.
Temple aud Son Antonio, cloudy and hot.
Mississippi—Natchez, clear, hard rnln ye*
tenlny afternoon; other point* genera!!)
clenr nnd hot.
LonUinna—Shreveport, cloudy nnd threat
cuing: Opelousas nnd Alexandria, clear am
ieflel.nl rain yesterday; Monroe
nd pleasant; hard rain nnd wind
cloudy, light shower*
ice, clear aud cool.
THE METAL MARKET.
York. June 27.—At thb metal ex-
. trading was practically nt a stand-
I’lu wn* off *;r; other* unchanged.
L. H. Fairchild. E.tabll.htd 1885. 8. J. Whlta.
L H. FAIRCHILD & COMPANY,
NEW ORLEANS.
Members:
v. w Orman* Cotton F.xchnnge. New York Coffee Exchange.
New \ «>fk i otton Exchange. New Orleans Bonrd of Trade.
\,*w tiiirnna Stock Exchange. • hlcngo Board of Trade.
LIVERPOOL COTTON ASSOCIATION.
Private Wire* to NEW YORK aud CHICAGO. Order* solicited for future dell?-
e. 7 ou aliove Exchangee g. c. COTHRAN.
Wheat opened unchanged to % lower and
at 1:30 p. m. % lower. Closed %0% lower.
Corn opened unchanged nnd at 1:30 p. m.
% lower. Closed unchanged.
CARTERSVILLE MAN
REPORTED KILLED
CROSSING TRESTLE
Sprclal to Tim Georgian.
Cartersville, Gn., Juno 27.—Mark A.
Leako, of Cartersville. has been In
formed that hts brother, Bunion Leake,
who disappeared from his home here
sixty days ago, after he had returned
from the sanitarium at Mllledgevllle,
was killed on a trestle by a train
south of Atlanta.
As no unidentified person Is reported
here to have been killed there, the re
port has not been confirmed. Mr. Leake
Is having the report Investigated.
STATE WILL SUE
TWO RAILROADS
Attorney General Hart waa directed
by the railroad commission Thursday
to institute suit against the Central
nnd the Seabonrd railroads for failure
to carry out the orders of the commis
sion relative to the erection of depots.
The Seaboard has failed to erect a
depot at Elberton nnd the Central at
Bremen. The commission will seek to
enforce Its orders by suit.
GEORGIA RAILWAY
AND ELECTRIC CO.
Boston, June 27.—Following wn* the bid
nnd naked price on Georgia Itnllwav nnl
Electric Company today; 81 bid aud S3
asked.
THE LONDON 8TOCK MARKET.
Anaconda
Atchison
do, preferred .
Chicago and Great Western.
Canadian Pacific .
Erie
do, preferred
Illinois Central .
Kansas and Texas
do, preferred
Louisville and Nashville ..
Mexican Central preferred..
Norfolk nnd Western .. .
New York Central
Ontario nnd Western .. ..
Pennsylvania
Philadelphia nnd Reading
Rock Island
Southern Pacific
Southern Railway
do. preferred .. .. .. .
St. Paul
Union Pacific
United State* Steel .. ..
do, preferred
Wnlmsh preferred
ini
....
ill
NEW RAILROAD
SECURES CHARTER
A charter was granted Thursday by tha
secretary of state to the Florida Centnl
Railway Company, a proposed line of thir
teen mile* running from Tbomnsvllle to tbt
Florida line.
The capital stock Is fixed at $50,000, wlik
tho privilege of Increasing It to a million.
The Incorporator* are E. M. Smith. K. M.
Mallette nnd other*, of Tbomnsvllle. Tbey
ask for the privilege of building either I
double or single track.
M’CORD ADDRESSES
CAROLINA BANKERS
Special to The Georgian. '
Charleston, 8. C„ June 27.—The of
ficers elected by the South Carolina
Bankers' Association today were: Prr<-
I dent, W. D. Morgan, of Georgetown!
vice president. T. B. Stackhoune. of Co
lumbia; secretary and treasurer. 0. **
Wilson, of Spartanburg.
J. A. McCord, of Atlanta, made M
address and ex-Governor He>»ar»
presented a silver cup to the ex-1™
ldent.
HAVE A REAL VACATION
snd resd The Georgian snd New J '!'5s
day while sway. Bent everywh.-. «
cents 5 month, 10 cents a w 'J*^ r ^ n ,nt,
4928 or write circulation 4jF*2J,u,
The Georgisn snd Newt. No
ts chanae addrcsSe
C. E. CURRIER, President. H. T. INMAN, Vice-President
GEO. R. DONOVAN, Cashier.
JAMES S. FLOYD, Assistant Cashier.
Capital
Surplus and Undivided Profits
We Solicit Your Patronage.
ALONZO RICHARDSON & CO.
PUBLIC ACCOUNTANTS
AND AUDITORS
Dupire Building. Bell Phone. Main
ATLANTA- GEORGIA,