Newspaper Page Text
THE ATLANTA OEOROTAN
15
\=
MARKETS
Edited by
JOSEPH B. LIVELY
Mr. Lively lias edited Markets in Atlanta and the South for more than twenty-
five years. His experience makes him tlie most reliable market editor in the
South if not In the entire country.
STOCKS OPENED
AT HIGHER PRICES
initial gains banged to
OVER ONE PER CENT
Market Was Generally Dull and
Reflected Merely Operations
by Professional Traders.
New York. June 5.—A very sharp
rite In St. Paul stork gave considera
ble of an uplift to what promised to
be a very dull and stupid stock ex-
chans* session this morning. It was
generally assumed that the rumored
plan of financing which substitutes
pert bonds for all stock Is In the main
what the St. Raul directors will ai>-
n.l fn>ni this, two Inferences
favorable to an advance In the shares
were drawn. On the one hand, It was
reasoned that the market would have
much less new stock to nbsorb than
was expected: on the other hand, it
was thought possible that a short In
tent made In anticipation of a larger
share Issue had been placed by the
new devlopments In rather an embar
rassing position. The 3 points rise
In St. Paul, some special buying of
Colorado Kuel, and the manipulation
of some of the minor specialties, Im
parted a strong upward tendency t(
the entire list, which. In the first hour
and n half, carried prices sharply
ward. Poliowing the bonk figures, the
market grew dull ngnln and lost
ground In some directions before the
close. Cash holdings showed an In
crease of only <1,100,000, and while
the loan Increase of <3,100,000 was very
moderate, It left only a Blight addi
tion for surplus reserve. It wu real-
lied. however, that the actual figures
represented the situation much below
the true strength, and the bank state
ment could hardly be said to have
much Influence.
STOCK SALE8.
MARKETS FOR OPTIONS
TAKING A HOLIDAY
JIAftKKTH I'Oll OPTIONS
The speculative cotton markets of the
world ere closed today, no nows of any
character' ltefug sent out from these con-
"the spot markets, In the absence of nows
from the leading hulls and (tears,
nominal, with an eaaler tendency.
The Atlanta market la quoted at 10!4c for
inlddllog.
MONTHLY STATEMENT OF
MOVEMENT OF COTTON
Tto<* monthly statrinent of Secretary Hm
ter gtre* the movement of cotton into
tight tor liar and tho total from September
1 to Hay 8, Inclusive:
The amount brought Into sight for the
month of May was 432,575, ngalnst 728.997
last year, 190,171 In 1904 and 334,311 in 1903.
From September 1 to May 31 receipts At
the ports were 7,439.164, against, 9.107,740
la it veer, 7,002,972 year before last and
7.590,l» nime time In 1905; overland across
the Mississippi, Ohio and Potomac rivers
northern mills and Canada, 886,«95,
“ear, 890,676 year be-
same time lu 19)3;
000, against 1,803.000 last year, 1,664,000 yeai
before last and 1.692.000 aaino time In 1903:
ami Interior stocks in peccss of those held
last and 24,259 name time
These make tho totnl movement of tho
rot ton crop brought Into sight during tho
nine months ending close of May, 10,393.403,
■gainst 12,263,445 Inst year, 9,684,697 year
before last and 10,352.431 name time* In 1903.
Northern spinners took during May S36.I64
bn lea, Rgalimt 159,726 Inst year ami .V2.4.V)
year before last, increasing tlielr totnl for
the nine months to 2.176,866. ngnlust 2.080.395
Inst year nml 2,003,715 the year before. This
make* their average weekly takings for the
neaaoa 65,817, against 63,340 last year and
51.272 the yeer before.
Foreign exports for the nine months of
the season have been 6,920.667 bales, show
ing a decrease under Igst season of 1.666,961
sud sn Increase over the same period year
liefore last of 241,790.
Stocks at the seaboard and the 29 leading
•cuthern Interior markets on May 31 were
795.211, agalnat 877.422 the same date last
year and 412,198 the year before.
Including port and Interior town stocks
left over from the previous season and the
number of D6ne of the current crop brought
Into sight during the nine mouths, tho
•npply nae been l'T.837.934. against 12.426,-
412 last year and 9,852.496 the year before.
Cp to May 31 Inst year 90.40 per cent
of the cotton crop had been marketed, and
for the same nine months In 1904 the per-
centagi* of the crop brought into sight
**» 96.74, sud for the seme time in 1903 the
percental#* marketed was 96.50.
TOTAL WORLD'S VISIBLE
SUPPLY OF COTTON
RANGE OF NEW YORK STOCK MARKE
Amn lgatun t *»d (.'upper......
Atlantic Coast Line.
American Sugar Iteflnlng.,
Ob-n 1
do preferred
American Smelting Iteflnlng
do preferred
Atchison
do preferred
American Cotton Oil
Baltimore and Ohio..
Brooklyn Bapld Transit
Canadian Pacific
Chicago sud Northwestern...
Chesapeake nml Ohio
Colorado Fuel and Iron....,.,
Central leather
do preferred
Chicago and Orest Western
Chicago, Milwaukee and 8t. Tanl . .
Delaware and Hudson
Distiller's Securities
Eric #
do preferred..
General Electric
I 111 nols Cen t rsl ******* * * * *
American Ice Securities. , *
Louisville and Nashville '
Mexican Central ......
Missouri raeffle..,
New York, Ontario and Western
National Lend
Northern Pacifle., , .
New York Central ** **
Norfolk and Western....
Pennsylvania
People's On#
Pressed Steel Car
do. preferred
Pacific Mnll
Reading ......I......
Republic Steel ,
Rock Island
do.
Southern Pacific.,
n Railway
preferred..
r'KiHB-rmefTleld
Tennessee Coal and Iron
Vnlon Pacific..
United States Steel
do. preferred
Vlrg
preferred........
Western Union...
Wabash
do. preferred
Wisconsin Central
do. preferred
High 1 Lo w, | Cl ose 1 1 Bid? j Clo re
1"'T% l'*% ITS l"' ; . I 1 ' 1 . 1 '7\
141 ! I4H IIS 14S i 147«, 147%
1354! is% 1254 125V 135*4 i 136%
267 , 268 266%' 267 267% 2S»%
70 70% 71 704 70
.....T| .TtlliH in
154% 155% 154% 155 154% 154
I !i»% liftt
69% 90 I 89%| 90 89% 19%
sis 1 n% ii% n%\ 31%: *i%
106 106 1« 108 I 107% 1"7%
82% 83 62% 83 ! 824 83%
160% 160% 1*>V 16"% 1604 10u%
203% 206 • 203% ?«%
5S4 59 5*% 5*Y 584 68%
68% 59% 68% 584 65*4 68%
42% 42 4J%| 424 41%
is% ”ii%
“ 1704
212%
46%
71*4
1694
Ki'4 1/
62% 61%
HI***. 149%
234 22
96 94%
61 61%
76%
2114 21-'%
139?, “
WEATHER IN WHEAT BELT.
Extreme Northwest—Partly cloudy,
42 to 68 above.
Northwest—Clear and generally
warmer; 60 to 60 above.
West and Southwest—Generally
cloudy; 50 to 70 above; general rains.
Oklahoma—Now raining at Dodge
City and Wichita.
Ohio Valley—Clear, 62 to 70 above;
general showers.
WEATHER FORECA8T.
Georgia—Showers Saturday; cooler
In interior.
Louisiana and East Texas—Showers
Saturday and Sunday.
West Florida, Alabama and Missis
sippi—Partly cloudy Saturday; Sun
day showers.
West Texas—Fair Saturday; warm
er in north; Sunday fair.
Arkansas—Showers Saturday and
probably Sunday,
Tennessee—Fair Saturday: warmer
In east portion; Sunday partly cloudy.
Kentucky—Fair Saturday and Sun
day. , -
The world's visible supply, according to
K^rettry Hester, shows a decresso for the
*e*k of 17,697, ngnlust a decrease of 67,637
latt year and 123.242 in 1904.
• ■•ml Mull.!#* supply Is now 2,74*.321,
ngalnst 8.586,018 last week, 3,874,662 last year
and 2,4*516 In 190t
to»t year, and 1.414.513 ;
all kinds. Ini *
1.496, WO,
I J* 1
Including F-i
agsinst 1.—..— .—
1.346,000 last year, and 1,081,009 year beforo
with last year of 126A31. and an Incresse
canpared with year before last of L252.808.
Of the world's Ylulble supply of mttnn as
- f:-*r*- Ik now ufloat and Imtd in Or*-nt
Ratals nml continental Europe UH.810,
■gainst 1,927,000 last year, and 1,445,000 rear
"fora list; Id Krrpt 86.400, .pin* 1TO.OO
iS»»U^Xra* t: .i3
J 5 -*® year before last, and In the United
SSS» %*] '
COTTON SEED OIL
Opening.
r, 7ssr«
Gibert A Clay’s Daily Market Letter.
Chicago, Juno 2.—-Wheat—The mar
ket today was devoid of any now fea
ture, being purely a local affair
throughout The opening was a frac
tion lower, due to selling by commis
sion houses, but as a good demand de
veloped immediately tho market turned
and advanced quite easily, shorts and
local traders being the principal buyers.
The nows from the southwest was rath
er conflicting, but as a whole of a fa
vorable nature. During the latter part
of the session the local crowd, who
bought freely around the opening* were
taking profits over Sunday, which re
sulted In the market easing off a frac
tion, Anally closing steady. Looks as If
nothing more than a scalping market
will be experienced during the imme
diate future.
Corn—Reports of Improved cash de
mand light, and buying by the same
interests who have been so prominent
on tho bull side of late, resulted In
ths market scoring an additional ad
vance and ruling Arm throughout As
we bailors the recent advance has been
brought about by money and muscle,
and os a majority of shorts have been
run in, naturally feel that the market
will now have to adjust Itself on supply
and demand basis, which will mean
lower price* »
Wars A Lslsnd's Doily Market Letter.
Chicago, June 2.—Wheat—Belling ap
peared early on fine weather in the
northwest, but offerings were well ta
ken. ns thero was considerable talk re
garding damage in Kansas, as well os
from Texas, with later reports from
those states confirming them, os well
as from Michigan. A report sent In by
a crop expert was regarded as bullish,
although there was some conflict of
opinion, but the strength In coarse
grains, as wall as ths expectation of
not less than 1,260,600 bushels decrease
In ths visible supply were of bullish
assistance to prices, although many op
erators were disposed to even up their
trades over the two holidays, while be
lieving that higher prices will be wit
nessed. The undertone to the market
Is strong and whenever bearish pres
sure is applied we Would favor pur
TIPS FLASHED
From Wall Street
Co.: "Today's market mny be
degree influenced b *
tsry conditions, but ...
moment does not warrant an active up
turn throughout the list. m '—*
mental Influences are
there Is no leadership ol ■
wide support to the list, sod there Im evi
dence of « holding back policy on the
part of larger interests, which may mean
a heavier market uext work. The action
of larger corporations in Increasing their
capital obligations appear* to require fur*
be^dUregarSS*"* ** fore Influence can
Daniel Odell A CaT __
covering movement started
noon seems likely today In tho stock mar
ket, which gives some evldenco of being
oversold owing to the limited offerings of
securities, and we soe no renson to change
the conservative bull position. Nows de
velopments overnight nre not of a porn-
mount Importance, but they all tend to
strengthen tho optimistic fundamentals ac
cording to oor calculations. The outlook
for a good- bank statement today is ve
bright and easier* money next week „
probable because of the increasing Frisco
Now York, June i—Town Topics:
view of tho outlook for a favorable bank
statement we expect the market to develop
backs to bay the better class. ■■■
every reason to expect mnterlal Improve-
_ nt in ralncs and a broader market next
week. Stock# are in strong hands, rind
Southern railways will do better on the
belief that next week's cotton report will
be very favorable, and among three Lou!*.
‘ * iwftinj Railway
Villa and Sonhvtllo and .
should bo bought. We nre bullish on Cop
per, and while tho stock baa acted In
rather an unsatisfactory manner recently,
wo advise Its purchaso on nil soft spots.
The upward mm In < >l<»i ado \ u-l
nnd Iron will continue, nnd American Lo
comotive lg booked for higher prices, while
purchases ou declines or Union rnrifle,
Southern Pacific, Pennsylvania. Norfolk,
Baltimore nnd Ohio, Smelters and the steels
should show good profits."
on Atchison, si-
QD nuv.
“W. haUava lit. Paul w(H do liett.r.
"flourcM that have teen hnlllne I'n.l
nine It ora. 60 ae.ra unchanntf In tn.lr
portion.
-Homo .ttrntlon abould b» xtr.n to tbs
ball aid. of <-nn.olld.tsd <:««, wboM abort-
tre la Tory large.
"Gris I. In « poaltlon to ndranc* aaverel
point, whan Morgan lnt.ra.ti «rs ready,
"Ils.illnr I, In tb*. trading noaltlon, .1111
■round 1C. But issuing to
dael -
__ tin to nor union —
1 Il.l
support on decline*
"A tip to hoy Union Fsclflc I. notsd In
"imnun bonis.
"’okra I’mdds .t.tsm.nt tra. con-
aldsrad cood. Und.r this slrramstsnsn It
son Id bs pat to MO Mstly If tho pool I.
ebssos of July and Bsptsmbsr.
Corn—Trade win rathsr Ilgl*. ™.n.
but commlMlon liouso buying ecllposd
tho .slllnc, and shorts covered duo to
urgent demands from shippers and talk
of country acceptances belnx quits
light. Top prices wore not sustained,
as considerable renllzlnx took place and
late In tho day It was reported that
Missouri river points were selling quite
freely hero that would Indicate a bl,
movement next week. Crop prospects
are flne. and we would favor sales on
all upturns
SPINNERS’ TAKINGS OF
AMERICAN COTTON
ths
Secretary Hester's statement
world's tsklnss by ths splnoera
world follows:
Darin, tho week S0M00, • saint 231,000
taklnn amount
to jMlnst MM Met year sod
* Northetm Spinners and reseda took of
tbl. .mount pilJOl lulls, tht. yrar, .(.Isit
BS
•flint C—o.ooo i..t
ye»r before.
•• k. ALABAMA AT.
GIBERT & CLAY
STOCKS. BONDS.
COTTON. CHAIN.
corree. .sovimono
HCHSf.i
ATLANTA. OA.
New York Stock *ich»of*|New OrI*«n« Cotton Kirh«n*e ;Clilraro no<ird of Trade.
:■'* Tort C.,tM ri?k.n£ N>W Orle.n. Hteek Excb.n.e■ Mrerpool Cotton A"”™™
New York Coffw Exchangc.|Now Orfcan* Board of Tra-D utliaUS OMus
Exchang*
Private Wires to all Exchanges.
Ltcal and Long Distant* TtlspHona 5291 W.
willing to take tbs 151 !«v*l stock.
— lostMM Is r
unw
Btesl, .as ru-
aporti
i is «
ATLANTA CLEARING HOUSE FINE WEATHER WAS
AND THE WORK IT IS DOING! ft BEARISH FACTOR
PHOTOGRAPH OF CLEARING HOU8E IN 8ES3ION.
At head of table—The manager. On his right, J. 8. Kennedy, Rudolph Gels.t.r, J. V. Dunlap, Lts O'Brien.
On loft—Tony Murphy, Bob Meador, Barrett. Standing, left—Purnell, Frank Berry. Picture taken about 1898.
CAUSED AN EASIER AND
LOWER OPENING.
Batch of Bullish New, Later
Steadied the Market—Closed
Slightly Higher.
Tho Atlanta Clearing House Association
was among ths first business organisations
formed nnd successfully operated in At
lanta.
In 1891 Its first meetings took place, but
It was a crude beginning, and without n
permanent head—that Is, It was to opera
tion for some tlmo before a manager was
__jk handlli
two weeks, ono of the
manager.
Paul Romnre was Its first president.
In 1693‘Its usefulness to the banking and
business interests of Atlanta was brought
prominently before the public. It will be
before
■eniembered that 11
lanta had Ite "blael
week." when a wave
■UUI niu IU wen. wurn
of crime swept over the city, a prominent
national bank going to the wall through a
heavy shortage of one of ite eraplo:
«... j 0 g the doocf 0 f ||,|- '
icky conditions, and the
"y feared. In
led, that their de-
caus'd pm
of the ba— «.
dteinent, that previ
load w
.L-v-, nun
(RMPrunn nnd other failures.
The clearing bouse decided that Imme
diate action was neeeaeary for the relief
of tMe bank that had already experienced
trouble and at a meeting
supposed that tho Issue amounted to
least n million dollars. In reality 3128.000
covered tho »mount of the Isaue. They
were redeemed tho first .week In November.
Tho notion of the clearing bouse had saved
the day for Atlanta.
H. J. Lowry was president from Septem
ber, 1892, to September. 1893, nnd It was
during his administration the certificate#
were lnsnrd. They were redeemed under
•u°eeedec| I! ilJ? , Low ** T * U ’ NenI * Wl10
,U l)srwin U. JoftSt'tlM well-known l»ond
and stock broker, was called In to take
charge of the (sstilpg of the certlflcatea.
Hn wee later elected mat
altlon be has continuously __
tlon of manager completed the permanent
organisation of the Atlanta Clearing House
Association.
It started Its useful career by eatiefac-
torlly arranging the affaire of the closed
bank, all the depositors being paid In
full. Confidence was restored as to the
stability of the remaining banks and bust-
mn* began to Increane to sn extent much
ond their expectations.
I clearing# for 1905 show in Increase
The Tsowry National bank Is sanding oat a folder, containing some valuable In
formation as to Atlanta's progress, from which the following Items are taken:
l'reaent clearing bouse baoks of Atlanta, showing capital, surplus and profits,
A..ill i. 1-rfW
Hurnlua and
. profits.
Atlanta Natlonnl Bank $ nfl % 145,161.4
Lowrv Niitlminl . M ink
l-'ourtii National Jlank....................
Maddnx-ltucker Banking Company....,
'i'lio Neal Bnnk
Third National Bnnk
Central Bank nnd Trust Corporation..
Total .....13,185,417.60 12,620,806M
Total capital, surplus and profits, ll9fi.... $2,979,271.44
Total capital, surplus and profits, 1906 4,106,223.11
Increase In ten years..,,
i of Atlanta shown In figures:
.■ecelpts for year ending ,*—
receipts for year ending
Increase In ten years
Progress i _
rostoffice receipts for year ending June 10, 1895....,
Postoffice receipts for year ending Jane 10, 1906....,
Total deposits of banks In Atlanta, April 6, 1896...,
Tout deposits of banks In Atlanta, April 6, 1906...
Increase In ten years.,..
Total bank clearings for year 1866
Total bank clearings for year 1906
Inert... la tan yt.ra.
I—In, l
For tb. Drat flv* month, of MO, elMrion
«rante F»i,S31,Ml.f,l, .nlnit 171,611,(ul,3
JjFtl ib^moio time In UM—.0 locrMM of
^^f’dSiarinjni k far In UO* .bow an In.
cmw of over tbo total for tb.
ratlra r«ir In 1048.
1KO, pertn.uent or.nnlratlon twin, <f.
>1 In Aa,,iat nr tint year, tb. clenrin.a
■ninuntnil tn 100,763,011.11, While In MM th-
lotol r,KitMl up <M,6*a.»21.M, a falllo, off
ear <<,106,000, a. n (llrant rrauU „f thn
■o^f eondltloo. dorio, tbs Inltsr part
For thran ’ year, tbs baok. bad amootb
•allln,. ranb year ebnwlo, n satlsfactorr
lorreaas In tbn rlatiinia. When, In MM,
s deersnas of M0.300 under
thouKh no reaaou could bs
•lump.
With thsas two axeaptlona tbs rlsarinn
hors shown rontlnnnua Incrraaea, tbs
amount Krowln, steadily l.rier each year,
until from 160,713,,1L1J In IMS. they ehow
In lOfl th. pnorniotM ram of <1M,(2,64(.M,
or tl2<.S71.733.aS liter,'nae.
The -Vleurlnpi” do not by any meana
reprrwnt ths vuloma of btlafnrsa done, as
many auppoa.,
Thty afinply renrsaent tbo amount of
local checka which banka nre conatanlla,
■MjMMMrh otter, on dapoalt and
B onrlh National—Was American Treat
nnkln. ComiMnt. ■
Maibliii-lluckrr llenklnc Co,
Hnutbern llankln, and Treat Company,
MbH^p ana nankin,
3. Nii,I l.'.nn nnd nankin, l.-ompany.
0. Third Natlnual—Waa Atlauta Treat
pad Baskin, Craw.ay.
10, Fidelity llankln, nnd Trait Company.
NEW YORK BANK STATEMENT.
Now York, Juno J.—Ths atatsmant
of tho Now York associated banka for
the wo«k ahowa ths following chnngra:
Reserves, Increase. < 131,176
fhry
ara drawn do not paaa tbrouib tha cfsarin,
Ths' officer, are cboasn to teptamber of
M KollnwtnB la a Hat of tbs president! and
Tics problems from 1M1 to 1(06, Incinslve:
Proaldsnt. Vies l-reeldent.
1861—P. Itomara (dec.) K. ]. lowrr.
1803—Robsrt J. I/iwrr„............1.. J. lllll.
11366—T. II. Neal Meo.)....J. II. I'-rter idcs.1.
PO.-J. I|. Porter <dtc.l..Ueo»e W. Parrotl.
16(6—J. W. Kn,llab...W. A. in-inplilll (dee.).
lkss-W. L. peel K ii. Thera tea.
lsrt-Prank llawklna.Ueor,e It. petenaeurei
MM * ' lisas T. I>. klrador
re (d#c.)....C. a. Collier (dec.)
r. Orme 1. K. Oitley.
Idian., Increase..
Hpeels, tnersaas., ,,
Lsffnla, decream..
Depoalta, Incream.. .
Circulation, dscreaas.
tUUM
I.IK.600
((7,(00
4,019,300
96,700
COTTON 8EED OIL MARKET.
mu.
1(03—John It. Ollier.
12?::.
jh. wiiipfi
.IlolM»rt P. Maddox.
Joseph' A. MrConI.
Oaorgi It. Donovan.
„(1..Chariot E. Corrlsr.
Jrwln lisa been treasurer
Since 1893.
Following t la_* J ofjha AtlanU Clear-
Was Irowry Ranking
Ing House Association
f. Atlanta National.
2. liowry National—
: ra«. City hank.
4. klerehanta hank.
"(itUS Interests seem to b. hulllo. Car
and Foundry and Pressed Hteel Car.
"bow priced atorka are aehednled to be
taken up next week, wo undents ud.”
THE CHRONICLE'S CROP
’AND WEATHER REPORT
Our telegraphic reports from tbo lloath
today are generally of a, more favorable
tenor. Uatn tee. fallen In most sections
where needed nnd temperature, bars beer
quite eatllfueiory on the whole. An | m
provemaat In the erop la referred ro by
rams of oar correspondents.—Ware A Le-
TENDENCY DOWNWARD
IN NAVAL STORES MARKET
baa
•hows tho mb* downward tandeacr which
baa been la evidence aimoat aloe* Ike opra-
lar of tte aam. The piieo at tte am-
» of the week wu 6M4c. aad at The rlose
■ . Taere w.a on. rally, brought alwnr
Ty manipulation, aad which only lasted
aver sight, home'of tte f.rtora think that
tte end of the decline baa been reached.
While other, kwh tor 1 farther dwdlMOf
at least (4c before any real ImprnvMBmt
la to Iw noted. The narkri la beta, con-
( BaaaUy thrown lau renfnalon by th* damp-
In, here of receipts which bar* Iwen nn-
aataMe at Jarksonvlll. aad have been re-
“wjSe“;?
• b. ratppe
R. FAGAN, M«a*B*r.
fre-ry-^davd.-
rect from the country, the market waold b.
aide to ateorb Him at prod table Bgtiree
far tte Pfodaeer. .
Tte nala market has aleo shown a de-
{Bala* tendency, split prim Mac the rule
for tte VMk. .An the week rime. the. ten-
fSttuw"'
It wu at this time laat year.
HAVEYOUANYMONEY AHEAD?
I, It Invested whore It I, perfectly safe?
I, It avallftblo now It FORTUNE should knock at
your door?
Prepare youraelf to take advantage of opportunity
by Invoatlnx your aavlnga In (hi, bank, whero they
will earn 3% por cont COMPOUND INTEREST, be per
fcctly safe and available practically on demand.
CENTRAL BANKS TRUST CORPORATION,
CAPITAL $500,000.00
Asa G. Candler, President.
W. H. Patterson, Vice-President. A. P. Coles, Caahlar.
John 8. Owens, Vice-President. Wm. D. Owens, AsaL Cashier.
their prices and are itefug i
liveries on old contracte r current wtthts.
i Irsvre esch nnrulnslly unchanged hut
-.-ijjjr hfW. Nothlug U doing Jn er
wblrh Is nearly marketed, sn%,- i.clng
nominal price In the southeast. Then*
wa# some buying of spot* at the closo nnd
prices were unchanged to %o higher.—Waro
STATISTICAL POSITION
OF COTTON JUNE FIRST
lowln, I. th. suti.tlc.1 pmlttoo at
cattun ou June I. a. mad. up hr tb. New
York Financial (.‘hrnnlcl*. a. received over
I vale Ic.Hd wire by Mmara. Ware A
This w-k. teat w"k. teaty-v
Visible npply . 3,734JS3 '
fnq. In al,ht
For week
Port receipt.
Htoek
I'ntMlnf raciripta
BUesSSt. mm
%
■ IM.M
Ml,<76
"Baaboard aalea war. 80,000 wheat
and i:i,000 oata.
"Charters were made here for 116,000
corn at I l-4c to Buffalo, and 100,000
Chicago, June 2.—(Vlicnt closed 1-9
03-3c higher. It was held up by the
bull props. The strength In corn waa
a help. The trade in the wheat mar
ket wo* Impressed with the Idea that
the Snow report for June was a bull
ish document, but thin wa# not the
cane, an It Indicate# a crop of 450,.
000,000 winter and 200,000,000 spring
wheat, or a total of 750,000,000.
Oats—Trade on the whole was rather
tame, yet there were moments of great
atclvity In all the pits.
Corn closed l-8(Tl-4c better and oats
wars up 1-tOl-ic.
Ifogs products were off 7 1 -2fT 12 1 -2a
< * ■ I -»1 M.ilci Met. V0.J-,. 15,000 Wheat,
126,000 com and 260,000 oat#.
At the seaboard they were six host
load# of wheat, 2 of com and 80,000
bushels of oQts.
CHICAGO GRAIN MARKET.
WHEAT-
d:: 8ft
A :: 2ft
'"oATi-^
e;;l
DOUFt-
July ..16.00
Hent ..16.90
LARD-
: :! §
Oct. ..9.15
HIDES—
July ..9.05
Kept ..9.06
Oct. ..8.75
Illgb.
81%
s-4
«o%
414
54%
■ m
!5:J3 u
I
1.00 . I
3.97% 1.75
Low. Close, do
47% ■
33%
ISls 1
8.50
L IW,
8.56
CHICAGO CAR LOT8.
Today. Tomorrow,
Wheat 13
Corn 2T..I i
Oata iso \
llOgS 16,00) 4.5,'CW
NORTHWE8T CAR8. '
Following tablo gives tin- northwest e#rs
of grain today, last week nnd last j-esr;
I i\*t l.ast
Today, week. Year.
Minneapolis 172 315
Duluth 27 26 16
Chicago 13 Sr 2
PRIMARY MOVEMENT.
Tho following alio
ment of wheat nnd
Wheat—Itecclpt# SW.Oijij bushels, ngnlnst
319.000 bushel* lout year; Nhli»ui<‘tit# 29^nu0
bushels, against 1*1.000 hustir
t'orn—Iterolpt# l,10).ono i.u
433.000 bushels ln*t rear; shl
budhds, ngalnst 556.VJ0 biiHlic
tho primary more-
last year.
NEW YORK COFFEE MARKET.
The following table gives the opening
nnd > losing quotations for for future
delivery today lu New York:
open. Close.
e.46 6.56 4 40-6 46
H 66 g.ra «V504.66
January •<
l I'bi-unry
March ...
April ...
May ...
June ...
July ...
August ...
Heptember
October ..
November
Jecember
•>-6.«
. #5 i'» Hi) h.« 4.70 I
H7.i(lC, «. 70-8.76 I
,6 96 HP) ti.90-4.96>
ti'Art.jR 6 96-6.90,
, fi.tA6.ir. H 004.06
. fi.15 6 20 fi.I0-6.lt -
vzin :* a.ia-4.20 |
SOUTHERN EXCHANGE
Oldest Established Office South.
conos—- noctt—win—sun
OrnunS floor Ooulfl nulMIng. Dally
LJ. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, BRAIN
Cormpotdint's CipNtl $250,000
RCrKRKNCC, THE NKAL ■
PHONE MIT. PaUOKNTIALI
ATLANTA NATIONAL BANK
ATLANTA, GA.
C. E. CURRIER. Pre.ld.nL A. E. THORNTON, VIcc-Preald.nL
H. T. INMAN, Vlee-Pre.ld.nt- GEO. R. DONOVAN, Cuhl.r.
JAMES 8. FLOYO, Aa.’t Caahl.r.
Capital $500,000.00
Surplus and Undivided Profits $500,000.00
We Solicit Your Patronage.
" V ■■ I
HUBBARD BROS. & CO miKi,
Atlanta Office., 2H-R1 Century Budding.
Member. New York Cotton Exchange, New Or
leans Cotton Exchange, Liverpool Cotton As
sociation, Chicago Board of Trade,
fluaincaa toll, iteil lor the above exchangee.
Direct wire service. Correspondence Invited.
Phone 454. Long Distance 39. B. W Martin, Mgr.
MADDOX - RUCKER BANKING CO.
CAPITAL $200,000.00
SURPLUS AND PROFITS . $500,000.00
ACCOUNTS INVITED.
We Bell the widely known nml extensively UBed Circular
Notes and Letters of Credit of Thou. Cook <fe Son. *
In Our Savings Department we allow Interest .tthe Rate of 3 1-2 per cent
Compounded Seml-Annuillf.
««* O'/fdffi
ware: a lelano
COTTON, GRAIN, PROVISIONS, STOCKS, BONDS,
Ns. 2 Will St., feltn Building. Atlssta, Os.
HlMBttS:
New Ysrh Cotton fiehsng*.
New Orlesm Coltss Ittkaoge.
Urorpool Colton Aito<lolloo.
hlioto iVires to New York. New Orleans, ChUsgn
Bell fbone 1262.
Chicago Board of Trodo.
Chicago Stock tachaogo.
New York Cottoe Itchon*
hangs.
Standard f hone 234.
PIEDMONT BROKERAGE CO.,
(Incorporated.) Bas«m«nt Floor. Piidmont Hotel.
STOCK*. BONOS. CRAIN. PROVISIONS. INVESTMENT*.
Fast Wir# Servics from New York., Mew Orleans, Chicago.
CORRCIPONOKNTS
H. J. SAGC A CO . A* SROAOWAY, NEW YORK.
10W. MOUl. Mntager local and Long Distance Bell Shoos lift.