The Atlanta Georgian. (Atlanta, GA.) 1906-1907, June 01, 1906, Image 11

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    IllCi A LIABLE XA ITrAJAlTlAn,
MARKETS
Edited by
JOSEPH B. LIVELY
Mr. Lively has Markets in Atlanta and the South for more than twenty-
five yean. His experience makes him tlie most reliable market editor in the
South If not, in tho entire country. /
ACREAGE REPORTS
WERE NUMEROUS
but generally without
EFFECT ON MARKET.
Fluctuations in Cotton Narrow,
But Were Slightly Higher
Than Previous Close.
The market! for cotton future* In all
, speculative centers have been very dull
1 during the morning trading, operators
apparently believing that yesterday's
rxcltement and decided elump was un
called for, nnd today more, caution Is
being exercised.
With the exception of English ca
blet, news today was as bearish as on
Thursday. May option, however, was
out of tin way, consequently the lead
ing bull teemed to be taking a much
needed rest. It Is expected that he
will take up the b'-ar side shortly to
change his luck.
Several acreage and condition
ports ware Issued today, all of which
were bearish, except thst of the
Southern Cotton Growers' Association.
It gives the Increase In acreage at 1.1
per cent, or 37,834,718 acres, against
last year.
The New York Financial Chronicle
estimates the acreage at 31.SS7.242, an
Increase of 9.84 per cent.
The New York Commercial makes
the Increase «.* per cent and condition
®"iV Is rumored Miss Giles Will give tho
acreage Increase at 7 to t per cent.
All this bearish "dope" was without
effect on the market during the morn-
trading, which was dull, with duc
at Ions narrow, though steady In tone
and prices a few points above yester
day's closing dgures.
In sight for the week Is estimated at
105,000 to 115,000 bales, against 141,924
last year and 44,000 in 1904.
The weather continues favorable
over the belt.
In the afternoon the market was dull,
but prices had lost their steadiness,
and a declining tendency developed, the
list selling below yesterday's low
point.
By Private Leased Wire.
New York, June 1.—The cotton
market had another active and Irreg
ular opening. First prices were r
jiolnts higher to 2 polnte lower. Sev.
eral private crop report* tended to
confuee sentiment. The level of prices
was sustained a point or so above lost
night's close throughout the early deal
ings, with July showing an advance of
3 points on some heavy buying by a
prominent house.
SPOT COTTON MARKET.
Atlasta-Qulet, 11 MIC.
New York—(Inlet, 11.Sc.
New (blears—Quiet, lie.
rpool—oulet, gold.
Liverpool—Oulrt. 6.02d.
Hayannah—Steady, lie.
Augusta—Steady, 1114c.
St. Louis—Steady, 11 1
Charlciton—Nominal.
MSc.
RANGE IN NEW ORLEANS COTTON
Cotton futures ranged ns follows at New
Orleans today: '•
Laat Pi
Open. High. Low. Sale. Close.
June .in.H0 10.5l 10.70 10.70 10.49-70
July .10.84 10.93 10.71 10.79 10.77-7*
Aug. .10.50 10.09 10.47 10.47 10.;
, Sent 10.*ew is*
' (let. J0.32 10.19 10.20 1022 10.22-23 M.j
10.21 *>.21 iaa to.a 10.22-3 10.1
Pee. .10.31 10.17 10.23 10.* 1024-* J0.M49
Jan. .1040 104) 10& 10)1 10234) 1040-41
Mar. :ioso ioto ioio ioio iou-ii
Closed itMMljr. •
RANGE IN NEW YORK COTTON.
The following Is tho range In cottoe
futures la New York today:
Lair Previous
June Sfa £&«
July .10.85 10.(7, 1050 1051 1
Aug. .10.50 10.53 10*4' 10.* }'
Sept .1043 1041 10* 1039 101
.10.37 1041' 10* 1027 10M-:
>v. .1041 1041 1041 10.41 10.27.*
■e. .1041 10« 10* 10* 10104}
n. .1047 1010 1*.* 10*4 101446
.1047 10.47 1034 10.47 103436
b 10.54 1057 10.43 10.43 10.42-43
LIVERPOOL COTTON MARKET.
Liverpool, June 1. 12:11 p.m.—Cotton,
spot, demand fair, with ptic
middllni
tddllns uplands. *.03d. Sales, W.000; Amer-
>n. 9.500; speculation and export, *,000.
■eelnta, 2,000; American, 1,100.
«
Inly 6.805.79 *.77 6.79
:: l:8tS IS
:: ISIS iS |
:: l:StS If? fiS
f StS IS IS
July-Aug. ..
Aug.-8<*pt. .. .
H*pt.-Oct
Oct..SoT
Nov.-Dee,
Drc.Jan
Lin.-Feb
Frb. -Marrh ..
l.loseil quiet.
TODAY'S PORT RECEIPTS.
The following tabic shown racnfU at the
port* today, compart'd with the mu-o d«j
»*t year:
NEWS AND GOSSIP
O: the Fleecy Staple.
Private Wire to Ware ,Y Letand.
New York. June L—Cotton—Journal of
Commerce estimate., rendition at dl; In
create In acreage a* per cent.
Liverpool cable says: “Quiet and steady
better uuderton*."
Bombay weekly report.-
.. . . , Thla w'k. Lest
Total P a| , nce J*dVi'"','.'.'."m«Iooo l.iOtlS
Shipments w.ooo 11,000
Total since Jau. 1 179,000 2T
dderab'l*
trade
bought considerable December. Liquids
tlon In July still s feature, end see no
signs of rally.
We receive the following from the Lea*
I .ate. planting Is coml,
stand. We hear
coming tip to s good
practically no complaints
or two sections *bont la
bor
ping out.
no thing l _
somewhat later than heretofnru lntln
by us. Taken *s a whole, we ran only
firm our last week's favorable resume of
1he growing crop, and that at the moment
the general outlook la Battering. With s
-onttouatlou of normal weather condltlona.
of the cotton belt. The rest of the belt I*
lies, against 44,861 tft
Mr.
Private* Wire to Glbert k Clay.
Xtf York, Jaue 1.—Hoorn, traders b«__.
thla morning and are now selling In ab*
Bence of dttnand.
Wllaon at 10:17 a.m. aold Xorden B.00I
Trytnber at 10.40e.
Liverpool at 12:90 p.m. was unchanged on
.jls crop and 1 lower on next It was ex*
pected to be S lower ©a thla and 1 lower
on next crop.
Carpenter, Itaggott k Co. and Xordan
nanclal Chronicle make* Increase
Increase In acreage 9.64 or 11,667.243 acres.
Tho Southern Cotton Association's com*
pllatlon of aereage statistic* shows total
aereags this year 27,634.718, against 26,999.*
491 laat year, or on Increase of 2.2 per cent.
Lal>or reported scarce In a number '
atatee.
It la rumored Miss Giles eatamltea on
acrceige Increase of 7 to 8 per cent.
The Journal of Commerco and CommerclaV
Bulletin Issues Its report this morntng.i
making the condition 12,1. aa Increase la
<r cold, dry weather
. making the crop two weeka
late/- Scarcity of labor very general, bat
fields clean and bat little acreage aban
weakness In the cotton market at the
opening, following the weakness of Tnes*
day, lent an additional air of uncertainty
In circles where flrat handi are trying to
foresee what It Is beat to do about prices
For standard gon*]©, in which active trad*
ng for fall deliveries begin* during the
,..8mu n* inifop vurt r,f June. * Although
liveries
mi.bib* or latter part of
buyers are known to be la need of some
line, of domeatlce for fall, their atfltmle
tor tho moment la one of antagonistic
wilting. They are taking only,.mall quan
tities of low count and coarse goods, but
they Insist on very prompt shipments.
New Orlesn,. June 1.—Bualneu small this
morning, hnt undertone better. Shorts In
clined to cover.
Onr traveling representative wires Ten-
trill und Southeast Arkansas crops fine,
clesn, well worked, good stands. Texar
kana to (Tarksvllle good. Parts to Bonham
•potted, some good, bat generally email
- - — * —• —* yet chopped
oui; pianus pmi, isuw nvsrcc, having left
In Isrge numbers for territories sod Pan
Handle. Acreage leas than .11*4; .weather
favorable; wovk pushed ni
to Claim
worked.
weevil ba*"appeared"aroim<r _ Navsaota,
to spread In that uectlon, eapeclally with
flrat shower*.
IN STOCK MARKE
MIDSUMMER DULLNESS WAS
THE MAIN FEATURE.
Brokers Said That tho Market A1
together Was a Case of
"Dog Eat Dog."
New York, June 1.—A dull market,
with a rising Inclination in aome qunr
ters and uncertainty In ' others, was
merely repeating today what had
grown familiar on the previous days
of the week. With a higher range of
London Quotations, prices started
somewhat higher, A renewal of tho
pressure against Pennsylvania stock
broke the price another 1-2 point and
caused a slow reaction in the other
lefders. But the scarcity of real offer
ings for sale discouraged much activity
on the bear side, and tho rest of the
morning was given over to desultory
operations for th, rim I, same of ths
minor specialties, and la fma SV twa
other Issues of moro Importance. Of
the specialty movements those of Colo
rado Fuel, pressed Car and Car Foun
dry were the most conspicuous. Louis
vllle and Nashville was the strongest
of the railway group In a continuation
of reports of an Increased dividend
and the other Southern shares were
sympathetically strong. Illinois C n-
tral and St. Paul were well maintained,
but the coal and steel shares were
heavy.
In the stock market strength chnrac
terlxed the opening. Louisville and
Nashville up 7-8; Tennessee Coal and
Iron up 1-2; Colorado Fuel 11-4; Penn
sylvania held an Initial gain of 1-3,
Reading was somewhat unsteady. Else
where the Improvement extended to a
•mall fraction. Business was on a
moderate scale, and after the opening
trading prices were Inclined to recede
•lightly.
Brokers said that the market was si
together a case of "dog eat dog," some
traders backing stocks up, while oth
ers offered them down.
Government bonds unchanged. Other
bonds Irregular.'
JULY MAIN FEATURE
IN YESTERDAY’S MARKET
New York, June 1.—The Rdn says: "Jnly
was the mala feature and declined rapidly
Tor s time under the preaaure of hesrr
Iqnldstton, hammering, stop orders sue
line weather. The South, Liverpool. Well
street sold, and 1’rife slid Weld Interests
~ I ‘ "i*ve sold Ji
r was favor
erpool tdvlcea were week. Report bad It
that little or no short Interest remains
there; n statement which probably ought
to be taken with s grain of unit; nnd. lu
s word, there was nothing psrtlculnrly atlm
olntlng In the neves fr— ‘
cotton world, although
.. __ euntinuet _
come off tamely—'"Much rry
jl,” or rather cotton, no for
ss the bolls Utterly reviving It la con-
option, not to put
It. look a, for tin-
.. Idedly sick If
actually defunct. Philadelphia Is call,
alow tows, but to sit sppearanc
cotton worm, am
actual cotton con
war deal ns* cot
end little wool.”
let
log spot cotton merchants hare stood up
“> the rack end beaten the New York bulls.
>ut the Illy agony Is over. The July
option to many seems an equally flttlug
subject for an obituary. The only disturb
ing factor visible on the nky line la the
government report next Monday. There
are those who think It has been discounted
In this week's big drcllue. There are s
food many othent who prefer to prophesy
after the event, (lae thing, however, seem*
certain, and that Is, thst raw • cotton at
home and abroad Is passing Into ths man
nurtured stats with s rapidity and lu a
volume seldom or never equalled, and an
the short* In the new crop
PIEDMONT BROKERAGE CO.'S
DAILY MARKET LETTER
New York. Jnne l.-Cottos-ExpceUtlons
of continued liquidation In today's cotton
market was rather disappointing to the
bearish element. Liverpool cables, while
week, did not fully meet our decline, and
mlng here oer market ranged from
• Weakness developed lu
idlng. ~ “
E lug a
'half "hour of "trading, "and. jester,
day low levels were made for the Jnly
optlou. while the new
e point lower than y«
larger Increases were i—-- — , ..
tlcisns of acreage planted, end sentiment
Is now almost universally bearish, and cot
ton seems to have so friends. The weather
renditions continue-almost perfect. After
the noon seed on. tbe market became ex
tremely dull snd strength was noticeable
In tba new crop option*. The New Tort
anil New Orleans cotton sxcbsnges trill bs
Cl Htock*^MkUamm« dullness
the stock market daring tbs
alon and trading eras —
„ ESTIMATED RECEIPT8.
New Orteaas expects 90S to 1.20* hsles,
•"■"lnat 8.145 actual lent year: Galveston.
-WO to MOO bales, against 1.874 trtasl Is at
rear; Howtos. LMO to U9A sgslnst 14*
■'•tssi hut year. ^
June
July
September
October *t,,-,-v.'
MSStiff
was notlcreiiij hisii bin bvio,. ....-
other Honthern roads. wkleS bars toon
fairly setlve of tale, were dentsnt today.
An Irregular London market with no orders
no either able caused a oulet opening here.
Penusylvsnlu. while opening up H per cent,
noon feet lu advance, and wss weoh dur-
K thr early tradlsg. .Tho lavesUgatloo of
rallreada by the lnterattte
rommlaalon, now lu araaton at ltd
will. It ta mid, extend to other I
New York Centrslla the next to
FisSawMSSf*- w*
to keep the pobUc eat of the iMrhet and
dull and quiet marhtts ate looked for In
Wall street for sous time to come.
WARE A LELAND’8
DAILY COTTON LETTER.
kz zfiRjst
thl« th-err In rali.-l In cp,
dally, taking fair return
Ing when wmh. for thaTiMMiaPPai
•torka will prevent s decline of ueriouapro-
nortlona, nod us noon as the market Is
SeeeaoM as Irregular attvssce to likely.
■■operating for proflu
fair retnraa and reporrhas.
k. for the llmltad supply of
GIBERT & CLAY
IS r. ALABAMA ST.
BONDI.
COTTON. GRAIN.
corrcc. provisions
ATLANTA. 04.
N*w Tork Btfvk Ei^hspc
New Tork Totton Esriiar.r
Sitw Tork CoffM Bxebaoc
Private Wire* to all E
Ucti m4 Long Diatanca Taltphana 6£9$*
MKMBCRSi
New OrlHM rot ton Exrh*«ic* ICItfea*© Ttaie.
X-w orimn. Hurt. Rxeswg ^Are-totlon
W. R. PAGAN, Managar.
other la. that the abort* In
moatha hero s good deal of company, po*
altdy Tt may yet prove altogether too much
for comtort."
New Orleans, Jnne 1.—The Tlmea-Demo-
erst mya: "Bsatero longs, rnuvlnred that
tho bull leader Is May had lieeom., tbe
liesr leader for July, and Southern longa
confronted hy tpe government’s uereage
and eoudltlon report coming on a day wln-n
tbs Southern eiehange will l>e ,-loacl by
law snd both worried by a tout sbsenee
of kaowledgs as to the nature of the com
parioons the government will nink- use
ef nnd by tke depreoaton logically follow
ing In tha wake of definite defeat, pur-
chsaed dealrd Immunity from further dis
aster at the hands of the master, manipu
lator, paying dearly eaoagh therefor. The
totos t _
The bureau
words. ‘
k that It will show an acreage lu ex-
of tweuty-nlse millions. Therefore
renlng up procure has been predicated
the eventng np
upon
day’s
predialUd
ed effort to dlacnnnt Mon
. _ report, but rath
uf.the trailers In both
of harm’s way on
reu short b manv° P t
ROHi anon nanj i .—.— —
July suy bs sttribsted to cause, n
than to ss Inspired Insight Into the ft
coming bulletin. In tha flrat place, n
•pot cotton la ovrnsd hy atteh Interests
* - - ---* —'-*■* batd
sentimental eff&t’of re-
tbe man who
■ undoubtedly
up an tllnriig prospect to tbe
hear manipulator. Thus the .spscstotlvs
the luunsdlste future, places the staple
rinsriy oti tbe derenolre without, bow
taking from the farmer or the factory —
— " — thHr required power ss
dors la the event they
doubt wbstever.ln the
h?
•or. CouaequAntly • bearish bureau
may toon readily be turned to concrete
account hy the rings than • bafltab re
port. But Jnly contractu are lotriutesUy
wofU lnS # %t'tSS n hStovTYh. c, 3 , reCP'!SSi
*poi coiiun ooKsara ids wrowi orw
legitimately command and should ob-
soon sort of s premium so matter
... crop condition and acreage msgultode
are brought to light lost Jloadsy. But
■rat tow tactics may again have to be
resorted to ere.tho fret shall .have.been
played to conclusion. Meanwhile ill sc
counts bare sot been evened up and n
further sharp decline today, the last day
left both IJverpool ssd New Orleans In
which to dloeoout one of tho most Import
ant documents of the rear, would prol-ably
pave tke way to broader.speeslstlve opera
tion* next wars, veinslg<-rate tho rings
sod Inject s goodly dose of rife elixir Into
tho blood of every Boor broker In tbe hut-
here. Logically, tats, stagnation is not
•attclpsted today. A rally ought to be
doe. W Its coming vrnahl lie rendered
GIBERT A CLAY'S DAILY
COTTON LETTER.
Titw ima
rwu
spot sales
Ists than Tburaday’a dose snd
tlnue rxc iient Is volnme. |
tlooa amounting to to.ml
a qeoutloaa le-lng redi
Iklablation that ]
aecma to lure r
RANGE OF NEW YORK STOCK MARKET
A male* mated Copper.*#.
Atlautlc Caw
Aim*rlmn Hugur Ht'fluliiff..,, n
Aaacoo4a *
American U>coin«>tlTe ***’"
•lo pranrml. **
American HtneUlac Krsinln? ..!.!!
•I" fiMiftl.
Atcblaon
do preferred
American t'etton on
K.iltliimre nml Ohio
ltn>i>kl.\!i Hnpltl Transit
Canadian PadOc
Cftkaxo anil N ort h wot tern....
rhesapenko anil Ohio
Colorado Fuel nn»l Iron
Central Leather
do pr< ft-rpHl at*.....,,.,,,.
Chicago nntl CJr«*nt Western
Chicngo, Milwaukee aud St, Paul
petawaro and Ilodton
OlMtlllar’a Sacurltlca
Erie
General Blactrlc ,.l
lUlnoli Central
American Ice Socurlttea
Ijnularffl* nnd Nnahritle
Mexican Central,
Missouri Padfie
New York. Ontario and Weatern
Natlfii.il l.ea11
Northern Pn« lt1<-
New York Central
* * nnd W«
—,./anln
_ ■*•**
PTOasod Steel Car *
rhclflc Mill
Ken.llitbj
Republic Steel...............
ltoek IaIaimI
da preferietl Ml)
United states Rubber...'....
do. preferre<l
Southern PaeKle
Southern RalUvny ;
do. preferred...
Sloes Sheffield.
Teuneaaea Coal and Iron
Texan and Pacific
Union Pacific
United State* Steel
do. pref)>rrcd
Virginia Carolina Chemical
do. preferred
Weatern Union
Wilbasli
da preferred
Wisconsin Central.,..
do. preferred
STOCKS REVIEWED
BY NEW YORK SUN
New Tork, June l.-Tbe Sun eaya: •
tbe main the atock market dlaptajred
atrong undertone and waa governed moat
of the day by nn advancing tendency, lmt
the volume of tranaactlona waa limited
Numeroua Irregular reeeaalona In price* oc
curred from time to time, and at tha cloae
a idling movement wiped out the largeat
aharo of the earlfer gain*. The market waa
atrongeat In the forepart of the day,
helped to aome extent, perhapa, by an !m
prorement In financial sentiment
foreign markota. This waa due, na aeemed,
to more encouraging views taken In Paris,
particularly regarding the Russian altua
tlon and together with firmness on all tbe
European bournes In tho prlee of Russian
bonds. The Pennsylvania shares led In tbe
fall, and their weakness waa accompanied
by a story that negotiations by the man
ngement of tho company for the «sle of
860.000,000 abort term notes In Paris bad
been broken off. This story was anthorlta
tlvely stated to be untrue, but there has
bccu up to thla time something of n popu
lar misunderstanding of the status of tbe
transaction In question. It has been com
rocnly sappoeed that tho Pennsylvania
fact 1a that the arrangemeut has not jot
been settled, although Tt is thoroughly W
Heved In well Informed quartars that tho
loon will. In due conrse, be taken by tbe
UNDERTONE IS FIRM IN
BOSTON WOOL MARKET
By Private Leased Wire.
Boston, June 1.—The Improvement
Uced a week ago has not led to any heavy
tranaactlona In wool market There baa
been a fair volumo of bnslneaa In small
lota of domestic staple and a few alseablo
tranaactlona of foreign atock. The under
tone of the market la firm and <lt
evloua prices are obtained,
irera have
doll, tha
next memo.
new clip movement Includes pales In
i at 20 to 2214c, an estimated average
1 coat landed of 75c. Rales in fas*
r, Wyu., are at 22 to 24c. A ‘ '
pounds In Idaho was Itfwghi
’onnt at 23c. New York mill
Wk Ohio farmers 11c for medlu
Rbe cars.
Tbe Mies of the week,
amount to 1,150,000 pounds
666.000 pounds foreign * *
pounds ns rompsrctf
In tho rorrcK|Hindlng ’
ESTIMATE OF ACREAGE
BY THE N. Y. COMMERCIAL
By Frlvete Leased Wire.
New Yavk, Jane J.—The commereUI ted
Flnsnetal Cbvaukle this morning Ireued u
report os the acreage In rottuu this mmi.
It jil.reo the svee at *1,697,*47 seres, agaluol
29,008,419 seres test eessos, on Ineresse of
*.*4 por resL Ths paper states that ms-
turity to slao shoat op to tbe hversgo ssd
‘ *"* In therefore Is advance ol
tlvstioo has been ssttofse.
to, despite tba reported
The t-nsdlUou on June
able wltb stead good,
loss a ssttefsetory yield
, average seesone are experienced dor-
lug tbe suuuier snd tbe autumn.
about up ti
Jut tbe crop la therefu
set year. Cnlllv
jre'rcl./ 'of "labor
1 we. nulla farm
The outlook promti
If fair average saasi
Indlvldasl' estimate* of serfage snd
dittos have been published today, bat I
excited little more then peealog room
ll*> e
. og comments
Tbs reduction In supplied continues, lint Id
leas than anticipate! on account of tbd
continued free receipts. The Bombay morel
arff
year end ablpmcsts ere greeter than tbe
prevtoen peer for tbe same period, by g
few tboeaend be lee, and I bio, taken In
S*fW3»5yjR vTSbSTSu^:
■nt Ihls^^rnoon
SOUTHERN EXCHANGE
Oldest Established Office South.
COTTON STOCKS BONOS GRAIN
Ground Floor Oould Building. Dally
market tetter sad market manual
mailed on application.
market wss -
■HMPRf4t. for to
up*rath Hy dull with
« on in cxcrcdlngty •mull mile,
trmt la the market has MM i" I
ct report 3J"» 'Jay. Nean
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, GRAIN
Correspondent's Cipital $250,000
srrrarNCC. ths ncal bank
phonic >017. papncNTiAL m Of.
8TOCK SALE8,
It s, a 131.70 si
11 noon 196.nft> at
1 p. m.. .. *27,900 shares
2 p. nt.ono shares
Total 992,000 shares
TIPS FLASIIED
From Wall StroeL
Private Wire ta Glliert A Clay.
New York, Juno l.—Continuance of
Irregular Improvemnt ojwrstlons. In
tsrrupted by the usual professional
K nersl and speclflo antagonism, maj
•xpected In the atock market to-
day, with apeclaltlea favored, and wt
believe selected stocks may be bought
upon all these soft spots brought about
by raiding of certain stocks and nntu-
nl.it Iv I,..'Using li "in Him- to
time, provided the dally operator Is
content with modern returns on bulgen.
Louisville anti Nashville may
bought on all recessions.
The Fuel pool seems Confident
forcing the shorts to cover up to 10,
Two hundred Is being predicted for
Illinois 4,'entrnl,
A bull tip In noted on Missouri Pa
cific, Unless active, It shopld be Ig
nored.
8t. Paul should be taken for a turn
on this reaction.
Reading to sold by professional! to
ward 142, and until Its pool to wilting
to Jake that level It will not material
ly advance. The same may be said of
Union Pacino around the 111 level.
A bull lip la rejiorted on beet sugar,
—Financial Bureau.
It Is rejmrted thst the Rt. Paul
financing will be on a basla of equal
parts of 4 j»r cent bonds and com,
substantial rlgh
New York, June 1.—In London, con
sols for both money and account de
clined l-l*c.
I-ondnn Arm, l-l©t-9r up.
' No markets abroad after today until
Tuesday-next. Wall street, however,
will make a market, but one that will
be apt to chango but llttlo, except In
specialties, although sentiment Is more
or lees bullnh on nxjiectatlons of a
very favorable bank statement, and
the belief that aggressive support will
be extended whenever pressure to too
pronounced.
Nothing In the news this morning
to affect the market materially. Be
lieve It will have continuation of trad-
ndltlona of past few days, with
activity In ajieclaltles. Believe
L-oulsvIlle nnd Nashville, Atlantic
Coast Lins snd Denver can be bought
for turns Advlss accepting small
profits, anyhow.
Dow, Jonas * Qo.’s summary
yestsrday's stock market:
American stocks In London flfm, 1-9
ei-lc above parity.
London market close* today until
uesday morning.
Canadian Pacific on present showing
to earning 12 per cent
stock.
United mates Steel net earning! for
flrat half of 1*0* will establish new
gh record.
Harriman roads buying ateel rails.
Light demand for stocks In loan
crowd. _ _
Money returning from Ran Francisco
snd 120,000,000 more expected In next
two weeks. „ „ .
Standard Gas flies suit In United
States circuit court to enjoin state of-
fleers from enforcing »0-cent gas law.
Iowa slats crop report beet for this
Urns of year since 1100.
Dun’s wbsat crop reports show out
look bettor than usual at this date.
Jtoported Southern railway will sell
82.900,000 bond, abroad.
Twelve Industrials advanced 0 per
^Twenty active railroads advanced 20
per cent.
NEW YORK COFFEE MARKET.
The fella trios tobk give* tbe opanlug
_Bd cloaln# quotatlnxa for ruffes for future
delivery tods/ Is New York:
January 6.J54.I
tin: N ::
lib :: 7::: SS
Jtcembtr
NOTES ON GRAIN
Pointers on Provisions.
hlcsgn, June I.—The InterOcren mjo:
■a<l„ In wheel wee largely of erunlng^np
•till , ,
&£r a'BBf&Sy!
tuerkut Jsst before the riser urgent rell-
Ing of eeattored lete of May, meeting with
little d.-maod, brake the price to within
a bare shade of the Jnly.
"The corn trade wse In striking contrast
In the weakness In wheat, baying by Pat
ten broker* ami pro*! taking by abort*,
who sold on the Toeeday bid go, rallying
the market from an opening dip end turn
lug It atrong. Trade was email.
"Oat* were beery on eelUng by Bartlett,
rdwnrda aud pit tradera. Buying wee
tnumiay we* lar.i*
00 No. 3 hard et
-. I. 1. Buffalo. Tin
day of le orer July
token In Mgy delivery
l hid* 1st* In the
"o. I Northern
• afternoon.
mmmmm Imahela and
and st the ecehoard the only
•ess wss tSOW eocu. Charter*
•■^W. thlpped !.5004*0 pounds of hum* snd
■boulders tost week, or 5OJ.000 juminla more
thitn tho Mine time Isat year,' eald the
Cl man of one of the big peckers. -Onr
ade Is Joints baa .been good right stone
nulstlug ne stork*. The
• a foot a* expected, ami
^doubtful slmut the Idg
..rhlcngo.Jnne 1,-In fare of bearish con-
dltlons, wheat rallied well from lla break
yesterday. tVee I her today Is especially
good. Heins over Ohio valley, where need
ed, snd clear end warmer uArthwrat. There
SB s torse July hiddlne In innnrye<t hamla.
on oullook Is so brilliant that It cannot
he Improved much, but It li alwuya liable
to accident*. Abort aellere will not dare
to In over eggreoslre, conetil ‘
erste ronlract storks which ■ .
decresee. Highly rent* la • debatable price
with the winter wheat; crop far front ne-
ired. Ilcllere piirchaars nn soft epets
f* far small proflta st treat,
t’orn shorts :m
•ml It will now . __
auataln there price*. At prerent le not In
LOST OVER A CENT
IN A FEW AAINUTES
IMPROVED WEATHER CONDI-
TIONS RESPONSIBLE
bushels corn end 300,mo bushels oats.
SK"
The light. dallvertei
prire to the general trad*, but not to t
•hlppers. The latter bare ln-en taking
ercrythlng delivered recently no fast •• It
could lie secured. Hally atattatlca of tbe
osta trade will berraftor ha poetvd ne
regularly by the Imerd ss hs» neretofora
been tbe ruelom with wheat snd corn.
The steadily Incrasalsg Importance of the
onto trade here mad* ths action Impera
tive.''
PRIMARY MOVEMENT.
The following tbowe ths primary move-
I—- ‘ —*• md corn:
* 315,01)1) bushel*, against
iet yrer; ahlpments 274,400
1*2,000 In * t year.
Coro—Receipts tv.ooo Imehel*. njralnat 541-
000 bnahels laat year; ehlpuicute 479.000 tin si-
els, ogalnat 409,000 Imahela last year.
LIVERPOOL GRAIN M/CrKET.
Wheat opened unchanged: 1:10 p, m„ un
changed; closed unchanged.
. p - H w * h
NORTHWEST CARS.
roUewllif tabU giro* lb* nnrthwrtt cnr»
of grata fodaj, last week and Inur tear:
Jait laat
Todaf. XVttk. Year.
14 120 167
1 I
Ulnnenpolla . . . .
>ala(b •••••••
rjilrngo
Commission Houses Sold Heavily
on Stop Orders—Argentine
Sihpments Heavy.
By Private Lensed Wire.
Chicago, June 1.—Wheat closed 1 1-1
©I l-Se lower, white corn wns 1-265-S
better. Oat* were off l-S©l-4c and
provisions lost 17 1-2Q27 1-lc.
Ths bulla In wheat encountered
rough sledging, while ths bear* enjoyed
smooth ridlnr. There were new figures
on th. Southwestern crop, Knniuts be
ing placed clearly above former esti
mates snd ths other Southwestern
states totals ware added to. Besides
the unloading or longs In July nnd Hep-
tembsr wheat thsra was some short
selling by scattered Interests.
The demand for flour wss xmnlt nnd
cash whsst was quit* dull, both her.
snd In ths amalter market* of the coun
try. . Ths 8now report on w hent w as
construed by the wheat trad- n* quite
bearish, white It was bo.n-.li on ngt*
snd • stand-off nn corn. The eltuetlon
In hog products wss weak, with packers
teadlngesslters.
Primary wheat receipt* were 316,not)
and com 82*,000, compared with -oo.-
000 and 142,000, respectively, a year
ago.
CTsarances were 2S7.000 wheat, no
corn, and 11,000 oats. - •
Cash whsst wss active hero lute In
the day, but the amount traded In an
wall as the price were not mnde public
Improved weather conditions ore
Inrgoly responsible for nn aaster open
ing In wheat. Heavy selling by com
mission houses on stop orders mimed
decline of over a cent In a few minute*
after th* opening. Argentine *hlp-
ments wer# about half n million over
the estimate and markets them report
ed quiet with a downward tendency.
CHICAGO GRAIN MARKET.
low*
WnBAT-
Open. High. Low. Clou
..iibaT—
%Ji & 3r St 8
|i* a a a
Kept . .16.12H 16.16 16.00 16.00
LARD—
~ l* .. I.72K 6.76 • .ft, 8.674
m ih if
Ott. * 9.10 * 0.00 8.90 8.90
Julr •* 9.8254 0.85 0.15 y 15
Mpt .* 0.228 9.2214 9.10 0.10
CHICAGO CAR LOTff.
aa fol.
Vrtr.
•. rlo»v.
m”
4$'*
4hty©
s?i
16 3-1
1« 27*4
hJTH
9.Or;
!S»
To«1oy. Tomorrow.
Oata ' •
Hoffa
WM. L P[Ugfntld*nt.
K0BT. >. MADDOX, Vtei.Pfil.
MADDOX - RUCKER BANKING CO.
CAPITAL $200,000.00
SURPLUS AND PROFITS .• $500,000.00
ACCOUNT* INVITCD.
Wo noil tho widely Imown nnd extensively used CIrenlar
Notes and Lettcre of Credit of Tlios. Cook &i ,Son./| .
In OurS*vln|S Department we allow (merest at the Rate of 3 1-2 per cent
Compounded Seml-Annuilly.
Frank Hawklaa, rr>*iM<*ot
If. If* Atkloaon, V. I> T/iArnaa C. Erwin. Aunt. raabt»r.
JoaFpb A. McCord, fnshier. R. \\. f>y»*r©, A«nt Canbli»r. •
Third National Bank
nniumnu
Capital
Surplus
$200,000.00.
$300,000.00.
DIRECTORSi
Frank Ilawkloa.
John W. Grant. H. M. Atkinson. E. II. Ro _ ^
II. Y. McCord. Joseph A. McCord. , Dsvf-1 Woodward.
lMR8SBIBH18BBiBB8BBBI8gIBBBBiaB88BlB8BB8BBflH8BIIIIIBWBW8WB8BlBMBSBSS
Dr. A. W. f’alhoun.
Ml '"-I I'-.i Xufi
John W. Grant.
LOWRY NATIONAL BANK
CAPITAL, SURPLUS AND PROFITS
OVER ONE MILLION DOLLARS
Foreign Exchange, Travelers’ Checks, Brown
Brotheia’ Letters of Credit available in all parts
of the world.
LELAND
SIONS, ST
* Ytrko Btw Orl
WARE A
COTTON, GRAIN, PROVISlO^rSTOCKS, BONDS,
• «•* 2 WbU SL, NBm Building, Af/l.fJ, Ct
Ml UB/Aj.
Htw Ya'I Caff** hthtngt. Chhtqt Bottd #f Trad*.
Hew OflttHt Caffoa Ckusjt St*k inking*.
Ihtrptol Attot-ttlot. Btm ftrk Cttfn lt(httg*.
frhitt wirti t* Atm York, Htw Otlttti, Chutgo. B C C0THBAB. “
Bolintoot 1H2.
IAB. Mtootor.
Sftndtrd rhooo 2
BANK CLOSING NOTICE.
M. Jri.rmi iMrlg- btrtbduy.
mstortng. Mned.y, Jmie 4lh. will b» tin.
uit
aorta tlon
I*** ^ HABWIN t»
JQ9. A. McCOliD, J
I C
, «im Mb. Tba banka
_ta nnriM lie
doaad for buali
PIEDMONT BROKERAGE CO.,
(Incorporated.) Dacmint Floor Piadmont Hotai.
STOCKS. MONOS. CRAIN. PROVISIONS. INVESTMENTS,
Faat Wirs Sarvica from Naw York, New Orleans, Chicago.
CORRESPONDENTS
*W M. J. SAGE A CO . 42 AROAOWAY, NEW YORK.
tDW hOTll. Monogor 1**1 *t4 long DiUooto Boll PBooo 1391.