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MARKETS
•'3 • . • •' • ' ■> ■■
THE ATLANTA GEORGIAN.
KcHted by
JOSEPH B. LIVELY
11
Mr. Lively has edited Markets in Atlanta and the South for more than twenty -
fivo years. His experience makes him the most reliable market editor in tho
South if not in the entire country.
SPOT COnON WEAK
lift LIVERPOOL
FUTURES opened at a good
ADVANCE.
■«ft 2 to 4 Points tower—New
York Dull and Slightly
Higher.
_. .^illative trade In cotton were
5iLi ,p JIui tin- action of the Liverpool
i , , ,i, f .rii Intr. prices on tile open.
rV.hnKln* SrSSS of from 5 to 3 point*
A* tlmt niurkct tin* duo to
!L?'- Mint* lower on July and Zngnat
nied on tho others, the ahoivlnif
2s, nt h tbc stnrt tvns highly cncournalno
JM,h-r» “if contracts. Tho marhet closed
•g it to'th* ratv'material, however, that
ai ,'ionic of the South look for cucour.
1 iP, trf this ^epnrtment, tlmt In, tho
^TtSnrkeL the English cables indicated
? w *i ,, i a wenkot*s , » with u very small butd-
only 4,000 bales twins taken
5r.pll»"ti *‘ v’r n,u ' 1,10 poln “ : ”" d -
*52® 'IjJSrifert market opened unchanged
Santa higher. A S3 rcaponja to
ft strength should have twan an
Uieniool ■ V D olnts. The tone tvns
•Mk' vtith selling general with little sop-
JS and n decline of a few points fol.
: ... salon house and New
Sf 'J i.nrlnt' enriv sellers started to
g|SInc sad » ™“ 11 rn,,y . to,,k V'r'-
SHSrViitle Strength Was shown. Trices
ttdiy were l polttt lower to 6 points
m'ih the exception of a heavy wind nnil
ii . ...nf In Oklahoma and the southern
Irtl’n ™ the territories last nlglit. wbteb
rraortS to hnve done eonatdarnlile
11**11 ite^te cotton, the tventhcr eontlmies
rkr.^t^.^o'ldenib.. dls-
a laTt lM«ed lir the agricultural da-
^h,v.vf"s« r#,s as
K rep'rts on which this estimate tvns
T," 1 ,,™ W wHb!.ntT#£t*‘on the market,
lowever It could have no effect prior to
II Investigation, and then very little unlesa
The'xevr ’ York "commercial, commenting
n lUe eovcrntaent acreage 11 cures, says:
■ The BovefBment acreugs J*ure« are In
ome decree iKwnltar, although they repre-
, H t only the average Idea. Tfiey show a de-
r"ate of 1 per eent It) Tennessee and
iiul.la where private reports hail fnlleil
0 mill any loss In acreage, and show an
si-reuse hi Oklahoma of 3t» per cent, nml In
niUan Territory of 13 per cent. If
1 had not Ins'll (nr this remarkable Increase
» tile territories—where a great deni of
utton land has undoubtedly been put Into
min—the total Increase would hnve lawn
illv nlwiut 4 |s*r rent over Inst year. Tho
overmueiit guess made an Increase In acre-
g. In Terns awl illsslaslppl of 1 per eeut.
II Arkansas and (leorgla of # per cent. In
he Cnrollnna mid Ahtlmmn of 0 per cent,
ml In Missouri of 9 per cent.”
The semi-weekly movement at the In*
eriur towns Is as follows: .. .
lEis'elpts, 12.197, against —,9C6 last year
mil In 19M. .
Hhlnulrnta 70.W, against ao.SJl last gear
".stocks? 174.isb’ against 203,143 lust year
llnl 95,11* In 1991.
SPOT COTTON MARKET.
Liverpool—Htea .. _
Attetiata—Steady, lie.
Savannah—Quiet, 1074c.
St. Isitila—Quiet. 11c.
cuarleston— 1 Quiet, I9%c.
TVIInilugton—steady, lOTic.
RANGE IN NEW YORK COTTON.
The following ts tho rnugo In cotton
futures in Sew York today:
Loaf Prevlou*
Close.
mmummmm. ms*
K3 10.51 19.49 10.37 19.6M7 19.49-60
Aug. .19.42 1948 10.37 1947 10.47-4S X941-42
Sept .11.31 1931 1931 19*1 193-39 19E-34
Oet. .19.32 10.39 10.3 19.17 1MM7 1931-J2
Km. .19.37 10.37 1937 1937 1934* 19340
J*v. .193 10.41 1931 1941 1940-41 1934-3
Jan. .10.37 10.43 1935 10.45 1943-14 1937-31
Til'. .10.40 1942 10.40 10.43 1943-45 1937-33
lleti. .19.46 19.50 10.43 10.50 1".52-M 10.4S-47
Clnsed steady.
RANGE IN NEW ORLEANS COTTON
I'uttun futures ranged ns follows at New
Otleans today:
I.aat l’roTlotn
, Open. High. 7s)W. Sale. Cloae. Close.
June .H54 19.64 1964 1964 1974-75 196*
July .W.73 19.93 1966 10.11 19S0-S1 197S-74
Aug. .1941 10.14 1944 10.44 1951-63 10.4950
Sept 19.37-30 10.34*
0.1. .10,23 19.29 10.1* 10.37 10.36-37 10.35
)m 1937-3 10.34-25
ii,,a • »»», Awint , «w Ivie* anW
-W.s 19.32 19a 10.39 ULtMO 10.37-2*
.19.31 ln.37 19.11 10.36 1936-37 10.354*
LIVERPOOL COTTON MARKET.
Mv.Tpooi, June 6, 12:13 p.m.—Cotton,
fP°b dull, with pricei easier; middling up-
UniU, r>.!Wd. Sale*. 4,000: American,
a^&r 1 7^ , “» nec, " pt *- u -
Intnres opened steady.
Prer.
, Op'g. t’nge. Close, closi-.
..4.74-5.7* 5.77 5.M
Jnno.Jui.- 6.745.75 6.77 6.79
July Ang. 6.745.75 “
Aug.-Sent
Ort.Nov.
Xov.-1)#*,*
lHt.-j.Tn
Jlti.-Feb
frb.-March
Closed steady.
- TODAY’S PORT RECEIPTS.
Tne following tahlu shows receipt! at th«
year C00II>arc<1 wlth tlie ,au * e
E
1906
1906
Orleans.....,,.,,.
mh
**nmi»h ....""I!""
S* rt f«">n
pltfm"fp . ••••-•
i-* York
>'*'1,1 ....
w Tnnnwnd
212S
m
24T1
80
4*;
3C
*828
1U
45
6315
5317
:r»
2740
39
247
1522
**»
mi
^Iot.1
8377
20404
INTERIOR MOVEMENT.
Q*1nn
JPhl« ..
umli
koati
NEWS AND GOSSIP
I Ot the Fleecy Staple.
PHrnte Wire to Olhert 6c Clay.
. York * Tlie market hai good
undertone <-Rp«;cln!ly for new crops.
ite eautlou! In solllnj;. There U no con«
sld^rnhle buNinoss doing for fall ahlpment.
and each decline results In fair commit*
ments.
Them hns been very good buying today
by good liouRfN.
New York, June 6.—The Journal of Com*
meree soya: "More buyers were In the
market for the day, and while trade wa*
uot brisk, more confidence waa exprenNed
}» and In the outlook for trade.
The Jobbing houses drew n steady trade,
and In some in*>tnurcs there was a better
demand at flrgt hnndH. A moderate demand
was noted for printed good! for fall de
livery, nnd those houses that hnve special
fall stylos to offer are finding little fault.
|>onie8tle.N were In better call in some
houses and blenched goods were sold more
freely. Denims sold freely to some western
buyer! at prices that showed but small re
cession from the top figures of the year."
New Orleans, June 6.—New York la flood
ing this market with butllsli dope. Under
tone hero very good, but trade very light.
New \ork wires as followa: "We doubt if
It la ndyisnlde to follow the decline. Market
oversold on new crops."
Western forecast Indicates partly cloudy
weather with probably showers for almost
. s S ct J cns * while colder weather is pre
dicted for western Teias.
Ilurvle Jordan says, accordlug to a Times-
.democrat special: ‘*The financial strength
of the South, the closer cooperation of ths
pwjtde and heavy consumption of cotton,
with good prices for manufactured product,
will certainly maintain prices even at a
minimum of nine to ten cents per pound,
with even nn extraordinary yield from the
area plnnted." ,
A special from Washington, D. C„ says:
"Representative EUerbe, of South Carolina,
Introduced a resolution charging that the
cotton acreage report exceeds the amount
actually planted, and is not warranted from
tho returns received liy the department
from Its corps of correspondents."
Trlvnte Wire to Ware ft Leland.
New York, June G.—Bombay receipts for
tho half week were 18,000 bales, against
22.M0 last year.
We\d was a seller ot December around
10.84.
Jnly wss picked up guletly here on tho
decline. McFadden ft Bro. am said to have
bought that mouth nnd October all day.
Liverpool cables: "Market quiet uml
steady/’
The storm over the Territories last night
appears to be a serious matter. A big
acreage had been, put In In that section,
the government estimating nn Increase of
26 per cent In Oklahoma and 1.5 per c?nt
In Indian Territory. Prospect* were *o
flattering that railroad officer* recently es
timated an acreage of 2,000,000 and a yield
of 800,000 bales for Oklahoma alone. If
the damage to young cotton Is as serious as
press reports say. It will seriously affect
this season’s total yield.
PIEDMONT BROKERAGE CO.’S
DAILY MARKET LETTER
Cotton—A stronger Liverpool opening, but
with smaller spot sales there, and futures
up from 1 to 3 points, whereas they were
due to come down 2 to 3, caused a better
opening In our market. Boon after the
opening n weak spot developed aud the
room bears hsiniuered prices, but soon
found that there was very little cotton for
sale. A. sharp rally of 10 points In the
summer months, which also extended to
the new crop options. Anybody who has
given the slightest attention to the techni
cal situation knows that the South has
l>ee»i wiling the distant options for some
time, and they have been encouraged, too,
by the collnpse of the May and July op-
tlons nnd the generally favorably weather
In the South the past ten dsys. A large
short Interest exist* in the new crop op-
tlotfs, end westber conditions will play an
important part In deciding tho course of
the market from now on. . - .. .
Stocks—Dullness, but with strength and
advancing tendency In specialties that have
not yet scored advances during tho pnst
week were noticeable In today’s stock mar
ket. A large vulnerable short Interest was
dlselosed In Consolidated Has of New *ork.
and shorts were forced to run. Advances
were also scored In American Locomotive
nnd the railway equipment shares. St.
Paul led the advance In the granger shares
on excellent crop reports. Amalgamated
Copper was very strong, and although tne
statement published by the company onlr
showed surplus a little over dividends pal..,
tt must not be forgotten that the Amal
gamated Copper Comnauy Is a holding
company, andlts profits m*roe £om Its
subsidiary companies, nnd if the treasuries
of these organisations could be Inspected,
It would dlscloee tho real fluancIM position
of Amalgamated. The trend of the market
Is n-rtsfiily lipwsril. smt the msln Qictnr,
at work ore ths exesllwt crop rrports and
outlook for easier money tot aome time to
come nnd continued prwperlty In bualneaa
peucrally. ’
L. J. ANDERSON A CO’8.
COTTON LETTER.
Now Tork. June d-itnuanaljr amall wot
sales nffitln this morale* ln Mveraool. 4,00tl
boles nt n deel ne of * pnlott. wMeb
presses the opinion of Koallih spinners
relative to the 1 present outlook. They pre
fer to hold off Awhile until n mors satls-
fnetory Idea of future *" •*:
mined. The future market, howerer. was
sternly and well supported. The hlir Ml
Interests were In tlie ninrk.'t wlth numeroim
support nx orders below 60 for July nnd 30
for iJetolier. Also dry wreth.r ls com-
plained of from sonjo sections of the west-
era heir. For the' nesr future It wouli
seem that weather reports will be rae most
iwwerful Influent. -For some flow Wit
almost Meal comllttona hart eiUted, but
It la reasonable to auppoae that this can
not continue IndeBnltelr. Should unfnror.
able weather develop durln* tbe next two
months no doubt prirea wmM be "“t" 1 *"'
tlsllv lieneflted. w« think the situation en-
tirely too doubtfal for abort rellln* Joat
at this tlrnr^
GIBERT A CLAY-8 DAILY
COTTON LETTER.
Naw Orleana. Juna I.—Liverpool was
SSH"r’SlLETiJknef’-tT-puja
E 6°xr.*bW^
t . f ss' r Sk w *5^jg
L n n^rn?h n ,"d."/.^^ r w^£«
mfl'le to fore, prices Jo-"; tmt the market
{ft $&&&«% fewSsS
imrta from Texas indicated * n I?™ 1 w^h
SSiSrS!5r“““‘
COTTON 8EE0 OIL.
ita*. Ctose.
-i— ••••• SSj
Hfpt^mbcr ,,,,„e»44M»* ■•wj
0.*t..bcr * 1
Noveml^r
Dcf'o-mber
d steady.
GIBERT & CLAY
* *• ALABAMA BT.
STOCK*. BONO*.
COTTON. OB A IN.
corrn, PBOVI *4 ON*
ATLANTA. OA.
’ Tork Stock E*rh,n*e 17
r < Cotton Pxeh,n*e. '
r*orjtCoffcc I-'xibsage.
t»w Oriea < B. M <''Jton*pv^h*n|-''{’ I1, ^" l ^ ol ®p^[^ > ^a2^a , tle*
N.W Orleans Pto.-k Lvnhanee. U'erpoo'' „ Fv hT-.'f.
INew Orlensv Bosnl of Trade |(lalveaton lo
OrlM
rrivst. Wires to >11 Eicbsns-s
L ; ;*’ and Long Dlatanca Taltphont MIL
W. R. FAGAN, Menagsr.
STOCK MARKET A
TWO-SIDED AFFAIR
ROOM TRADERS ATTEMPT
ING TO DEPRESS PRICES.
Strong- Banking Interests Were
Buyers of Many Stocks for
Special Reasons.
vblib
By Private Leased Wire.
New Vork, Juno 6.—During tho early
stages of the session today, tho market
continued to movo with considerable hesi
tation. Henllzlug sales went on In some
quarters nnd fresh buying lu others, but
up to midday It could not bavo been said
that tho strong undertone of the market
had been Impaired. During the *llrst hour
profit taking carried down somo stocks,
such as Colorado fwt Ruthg, UbSm Ft
clflc and the Gould Issues, which had been
among the leaders on the previous dnys.
Pennsylvania wns exceptionally henry on a
revival of the rumor, which, however, bad
no letter a nth >rlty than before, that thq
Paris loan of the company was bkrly t«»
fall through. Smelters sold off shnrrly on
the declaration of the usual quarterly divi
dend, although well informed opinion had
expected nothing else nt this time. These
weak spots, on the other hand, were offset
by groat strength In 8t. Taul, u * ’
reached In the course of the foreno*
uew high point for the present movei
nnd by the steadiness of the Copper shares.
On the whale the Influences making for
strength prevailed slightly over the opposite
factors oh the result of the morning’s opera
tions, but prices for tho general list worn
very little changed.
In the stork market opening price
changes showed general advances extending
Ohio, Southern 1’aelfle. Amalgamated and
Luulsrlllo nnd Nashville gained H each.
There have been two sides of the stock
market In the trading so far today, con
sisting of efforts by room traders nnd
bearish operators to depress prices, while
the strongest banking Interests nnd houses
Identified with the management of Import
ant properties were buyers of many stocks,
for special reason*. Among the stocks
which showed strength were St Paul,
Hallway Steel 8prlng, Texas Laud Trust,
United States Reduction aud Uefiulng and
Annconds.
Governments unchanged. Other bonds
steady.
RANGE OF NEW YORK STOCK MARKET
Amalgamated tapper
Atlantic r.iast Line
Amerli-nn Sugar Defining
Anaconda
Amcricn n Loroinottvo ,.,,,,
American Smelting
‘do preferred"”!!!”!!!^"*!”!”!"!”*”!!!!!!
Amcrtain Cotton OU :
Itnltlmorc ami Ohio
Brooklyn Itnpld Transit
('nnadinu I’acltlc
Cblcngo nnd Ncrthwi'stern... *
Choonpt
Colo
id Ohio
id lr
STOCK SALES.
It a. m.. .
12 noou ..
1 p, m.. .
..197,000 shares
..806,800 shares
..888.200 shares
..480,600 shares
. .616,603 aliures
THE WEATHER.
and
very
LOCAL FORECA8T.
Atlanta nml Vli-lnlty—OmsrsBj fnlr to
night and Thursday.
WEATHER IN~COTTON BELT.
Vicksburit, Jackson. Brookhaven
Hnslclmrst- i 'Intnly nml warm.
Meridian—Clear and hot.
Greenwood and Yazoo City—Partly
cloudy and warm.
Winona—Cloudy and hot; big wind
blowing.
Opelika—Partly cloudy.
Selma—Cloudy and hot; hard rain
yesterday ovenlnff.
Blrmlnffham—Cloudy and hot; two
hard rains Wednesday evening.
Montgomery—Partly cloudy
warm.
Memphis—Clear and hot.
Mobile—Raining.
Troy—Clear and warm.
Eufaula—Partly cloudy and
warm.
Albany—Clear and warm.
Thomasvillo and Columbus—Clear
and hot.
Tallahassee—Partly cloudy and hot
Huntsville—Clear and warm.
Nashville—Clear and hot.
Macon—Clear and hot,
Augusta—Clear and pleasant.
Tyler, Dallas and Fort Worth—Clear
and pleasant. . . ..
Houston—Partly cloudy and hot
San Antonio—Clear and hot.
Oklahoma City, Okla., wires:
heavy wind and hall storm swept over
the southern portion of the territories
last night. Two people were killed
and sixty homes were destroyed. Prac
tically all of the big cotton acreage In
that section wss destroyed."
WEATHER FORECA8T.
Louisiana, Alabama, Mississippi and
Western Florida—Partly cloudy Wed-
nesday and Thursday; fresh south
"ocorxts—Thunder storms and showers
Wednesday. Thursday partly cloudy;
showers In east portion; fresh to south-
1 west winds. ...
Eastern Texas—Fair nnd continued
warm Wednesday and Thursday; fresh
to brisk south winds on tho coast.
Western Texas—Fair and continued
warm Wednesday and Thursday.
Arkansas—Fair Wednesday and
^Tennessee Fair In cast; showers In
west portion Wednesday. Thursday
^Kentucky—Fnlr Wednesday, pre
ceded by showers In east portion.
Thursday fair.
Illinois, Indiana, Missouri—General
ly fair, except probably local thunder
storm tonight or tomorrow; continued
Michigan, Wisconsin, Minnesota—
Thunderstorms tonight and tomorrow;
" Pvwa—Generally fair; local thunder
storms tonight or tomorrow; cooler
"North Dakota, South Dakota—Show-
er Nebraaka—Generally fair and cooler.
Montana—Rain cooler tonight;
Thursday fair In west; possible show
ers east.
WEATHER CONDITIONS.
A^rtoro msrked Intensity ts centered
ESt/ tj:
wistwar-l oxer the Great Lakes.
Jg£ rittlJrtfffr “jSUTToriS ‘ItflqwsttM
I '* dnc
Tbfff kar ^a but little cfcnng* In tern-
P TSe°coodlttons fsw iffnrreltr fnlr wenth-
SSrsection tonight swf Tli irMsj.
«* i* j. it. mabbi fir.
% Loral Forecast'r.
estimated PsECEIPT.
NVw OrtMBS rxpfvls LJ*6 1*2
against artaal. lasr. yrer;. tia
♦ R to AWW. agalnat 2.CS srnial U
to against l. V-
tdo Fuel i
ltt preferred
Central Leather
Chicago nnd (irent Western
Chicago, Milwaukee nnd St. Paul
Delaware nml IhulHon
Distiller’s Securities
do preforrc<l
General Electric
Illinois Central
American Ice Heeurltles.,
Louisville nml Nushrills
Mexican Central Hv.
.MImmmuI I’crllle
New York. Ontario nnd Western
National Lead
Northern Pacific
New York Central
Norfolk nnd Western
I’eiilia.vlvnnla
I’l**
Pacific Mall.........
Heading
Republic Steel
United States Rubber.........
do. preferred
Southern Pacific
Southern Railway
do. preferred
Sloss Sheffield
Tennessee Coal nnd Iron...*..
Texss and Pacific..,.* «...
Union Pacific...
United States Steel
do. preferred
Vlrglnla-Cnrollna Chemical....
do. preferred
Western Union
Wabash
do. preferred
Wisconsin Central........
do. preferred...*
Juuh^tAiv
Open'High' l.ow.'t'losej Itlil ,(’l
' l"?' t
14S\
136%
| 119 14^% 14S
136% l 13»5
272 \ 870%'
i 72%' :<»•* ;i%
116 1 116 ; 116 i
18M4 157U|
linu 119 119%
90% 90 W%'
1".*% 1 C’% 102%
33 J 3t% 32%
148 I 118%
136% I 136% *
'71%: ^2
115% 114%
157% 15*%
NOTES ON GRAIN
Pointers on Provisions.
TIPS PLASHED
From Wall Street.
TIT# FLASHED—BOx MAHKET8 ....
Private IV’Iro to Ware ft Iceland.
New York, Juno 6.—London steaJy to
Is bullish, nml whenever declines are met
with they will. It la thought, nice: with
giMNl sized buying orders.
Summary — 4 —*—
Dow, Jones
American stocks In London steady, rather
above parity.
No likelihood of dividend on Southern
Pacific this yoar.
Expected c
£0 in spite
parking legislation.
Light demand for stocks In loan crowd,
but some inquiry for Illinois Central.
Net earnings of Twin City expected to
show more than 9 per cent on common for
the ' e,-ir.
Ilritisli army nnd navy purchases of
canned stores will in future be limited to
direct to railroad according to Interstate
commerce commission Inquiry.
Blxty-efght roads for April show averogo
net Increaso 4.33 per cent and for ten
months 18.63 per cent. . , „
Seventeen roails for fourth week May
from Frisco, bat higher rail rates elsewhere
cheek arrivals from other points.
More thnn one-third of $11,665,700 money
sent to Frisco has returned.
Private Wire to Glbert ft Cloy.
Town Topics: ’’Underlying conditions re*
main venr favorable, nml as yet there U
nothing in the situation to warrant any
setback of consequence In tnnrket. Though
trading continues almost entirely profes
sional there ore Indications of Increasing
interest Upon tho.part of the outsiders,
nnd it will bo well t*» remember that stocks
are still concentrated In strong hands and
that tho supply of securities Is not likely
to Increase to any extent except on a good
advance from this level. Money continues
to work lower. Toilny’a market promises
to be strong nnd active, and we expect to
see n renewal of tho bullish de *—**—
in Copper, although tb
tratloa
■ UPUH ten*
dency which developed throughout the Hot
ln*tfie cloning hour yesterdny may run n
little further. Taking everything Into con*
slderntlon. however, we believe that things
are shaping themselves for a substantial
upwnrd movement nml on nny moderata
setback ws advise buying such stocks ns
Union Paclfle, Southern rnrifle, Reading.
Louisville and Nashvlllo. Bon thorn Railway
and Erie, while among tne Industrials Cop*
per, Hinciters, Ix>cotnotlve will glra the
best results.
COTTON REGION BULLETIN.
For tho 24 hours emling at 8 a.m., 76th
meridian time. June 6. 1906.
STATIONS OF
ATLANTA
DI8TIUCT.
•AtLiul.i, Mir
(•reenvllle. clear..
(Irlfflu, cloudy
•Mu clear..,...,,
M--iitl-.il". * ■ i<r
Newnilll, eleiir
Rome, cloudy
Spartanburg, clear.,..,,.,.
Tnllnpoosn, cloudy
Timm-,>n. Fit'll
West Point, cloudy.
|ri
35a
Minimum temperatures are for ' 12-hour
period ending nt 8 n. in. this dot-
CENTRAL
STATION.
Atlanta
Augusta
Uhnrle.Mton ........
<*»h«• h14.n
Little Hock
Mobile
3Iontgomery
Dlst. Averages.
Private Wire to Ware & Leland.
C’klengo, June ft—Inter Ocean: “Ohio’s
crop re|tt»rt. as wired here by King, of To
ledo. makes the wheat condition 95 com
pared «|t)i 41 It .1 \ »T.ig4* in M:t\ <<r I--:. I.lht
June 98 nnd a cron of 82,000,090 bushels.
"Oats condition 73, ngnlnst 92 n year ago.
"Dry weather Is utolnly rcspunslblo t«>r
the drop In wheat coudltlon. Some smut,
fly and short heading.
"Corn very uneven and cut worms hurt
ing It
"Current arrivals of wheat at Kansas
City ore large enough to promise su In
crease 1q storks there from now out. The
elevator concerns there have been steady
low gnide wheat all this week.
This Indicates a possible expanslou lu the
I contract aorta
1 "A Plauo tTex.l message to Herman said
that continued heavy rums wore damaging
wheat and oats; that the damage waa al
ready about 2*) per cent, ami that each day’s
rain waa adding to It.
"June crop report will be Issue,1 Monday,
Juno 11, this not yet decided. It will
cover condition of winter wheat, spring
wheat, onts nnd barley; also acreage or
spring wheat, oats ami barley.
"t’nsh business In wheat ia Chicago yes
terday was *0,000 bushels. Including lq,0u0
No. 2 red, 40,00o No. 2 hard.-6.uoo No. l
northern, the latter at 82%c, jRul 25,000
mixed lots.
"Hale* of corn wi
The sen board sold
oat a.
"Chkrjgrewere madojrestcrday for 450.
t-i \
wa
"ghsrmsn and Gainesville. Tex., and Ok
lahoma City and points nearby reported
datnago to crops by naavy rains uml storms.
Central, western ami southwestern Ne
braska reported damage to irop# by
drought."
Private Wire to Glhert ft Clay.
Chicago, June ft—Whcat opened firmer,
With uot much Oil sale, but the demaud
waa not brisk enough to start a big rally
at once.
Corn opened weak on scattered commis
sion house selling. In.-Ruling * little by
cash houses. The market rallied quirkly In
sympathy with wheat aud Armour buying.
Oats obened steady, with light offerings.
Commission hotfses were best buyers, fed
bjr Kneetaud obd Bartlett. Frazier ft Co.
Market looks higher.
Public and private stock*: Whsat, 4,029,*
000: decrease, 149.000.
Corn—Total. 2,213.000; Increase, 767,000.
Oats, 25*6,93: dsernuo, 6,3.009 ’
liecoM-H.rald: "Currout srrlTols ot
whost at Kauus City nrc Inr.i- eooash lo
promlMi su |nrr<'SH< In storks Ihrro frc.ni
tiu«' on. Tlie .lo.stor ronrrras inrro lisvs
liran .Irmly buyers of low undo wUr.it all
Ibis work. Thl. Indlrato, n pos.lbl, c
panslon in their contract sort*. Crop E..
nert II. XV. .Snow, Just returned from tho
Canadian Northwest, estimates an Increase
In seeded area averaging lo per cent f*
the whole territory ami Indicating a pos*
alblo yield of IjS.Ooo.Ouu bushels wheat with
favorable conditions to harvest. The an
nual scarcity of harvest hands ts reported
In Oklahoma. Twenty thousand m«
wnnted to help harvest the wheat
Tho Inability or tin* people hero to harvest
tho grain may result in a largo part nf tho
crop being damaged, gome of It ruined
completely. Home of the fields are read;
now for tho self-binder nnd the flrst of tin
next week the 75,000 acre* in Ktown county
will he ready to harvest. As a rub* tha
wheat crop of Oklahoma Is the largest In
the history of the territory, nnd the total
yield will bo tho greatest. Homo damn#-
being reported from army worm In tho
northern port of Kny county and from
the vicinity In Garfield county."
heavy buyers of July ribs and'
lard again this morning. A. H. Wfilte and
Matcly bought bird. Helling has boon by
commission houses nnd local lougs.
Remark e.
Tho temperatures for the pnst 2t hours
were nl*out the game ns for tho previous
day. Showers wero general over tho bolt
except In Oklahoma district.
NEW YORK COFFEE MARKET.
_ gives the opening
1 for coffeo for future
Tori:
On«*n Close.
. ft40450 0.45 6.60
.6104.66 6.60 6.66
, 6.504.(3 8.804.66
June * ...
July
August ... ... •
September ... «
October ...
November ,,,
Decomber ... »»•
Closed quiet. Sales, ‘
• «*»
v, *. ,0
6.734.80
,
16.004.06
10 6.064.10
Frank Hawkins, President.
If. M* Atkinson. V. P.
Me Cord, Cashier. R. "7*
Third National Bank
Capital
Surplus
$200,000.00.
$300,000.00.
Dr. A. W. ralhous.
Milton Dnrx.n,
DIRECTORS: J. II. .Vunnallr.
Prank Ilnwklni. J. rnrroll Pajnn.
If. M. Atkinson. K. n. llt'-g-
Joirpb A. McCorff. DsTld Woodward.
LOWRY NATIONAL BANK
CAPITAL, SURPLUS AND PROFITS
OVER ONE MILLION DOLLARS
Foreign Exchange, Travelers’ Checks, Brown
Brothers’ Letters of Credit available in all parts
of the world.
WHEAT MARKET IS
T FEATURE
THE OPENING WAS STEADY
TO UNCHANGED.
There Is Very Little Demaad in
the Cash Wheat
Market.
niui wnne iney we
large purchases, tb
reflected fully. Hog
Closing prices show
By Private Leased Wire. .
Chicago, June ft—Hulls filled the various
grain pita on the board of< trade. .Senti
ment wns bullish and that side of the liousa
was encouraged by the bullinh Kentucky
cron report, following, ns It did, upon tit#
basis of the Ohio report of Monday. Re
alties the demand from shorts there wera
others who wanted wheat, corn nml onts,
and while they were cautions lu making
•- - - tlie general feeling wns
eg products wore stronger.
_ howe<1 advances of %«• lu
wheat, %Olc In corn, V'flc In oat« ami
16c In provisions.
Primary receipt*-Wheat. 288.000 nnd cora
868,000, compared with 189,000 and 664,030, re-
spec tirely, a year ago.
Clearances were Ift,,«*•«( wheat, 77,000 cor*
1 30.000 oats.
JTj* world’s
creased 6,643.000, 11 mvi<ni*••-•*
onts dccrrasetl 910,000 liusbels f-
I h* w« ■ tie. rent.-H -i yi\r n f., ,, s .U22,-
000 wheat and 1,711.000 oats, while corn In
creased 968,00).
♦* ash sales nt Chicago - Wheat, 6.000|
Coin, 160,000; onts. IOO.OO).
At the 04'nhonnl wheat 3 loads, cun I
I.>11 • I —. • -:l f H JNI.iMFI l-llHltel*.
Wheat opened steady to unchanged fret*
yestrrdny’s duNlng quotations. With tha
exception that during the night tho
west hns had somo good ...
the market Is practically witho
■| here Is \ t-rj lit tli- th-mnnd for 1
d Mhow’ers,
CHICAGO GRAIN MARKET.
WARE A LELAND’8
DAILY MARKET LETTER
Now York, Juno ft—Cotton—Whllo there
was every Indication of a aomowhnt mend
lor cotton ninrkct nt the opening this
morning on an advance of 2 or 3 points
abroad, when a fractional decline would
hnvo been In order, for some reason or oth
er. selling continued nnd prices made an
other downward move during the enrly
•art of the day. This, however, did not
* * ig, nml when operators attempted to
Ittlo cotton, nrlcea mor ’ — —
part
fait I
a little cotton,
gullied blit 4
As far ns no ... _ _
was less pressure than for «•
It wns evident that for the time' being,
pressure nround lO^c In not mm-it ns to
form very much of n decline. Weather re
ports from the .Mouth indlmtcd rather clear
w-enther again for tlm eastern belt, ond
tlds led many to defer short selling until
after tho drought haa been broken In those
. where rain is now needed. On ev
ery ndvnnee there seems to be old cotton
for sale, but tho new crops nro uow nt n
point where It will require gfMMl weather
for some time to bring about n further
bear movement. The market Is a good
trading one. and nurchnses* made on weak
spots are likely to show n profit on the
flrst sign of unfavorable weather.
Chicago, June ft— Wheat —A llttlo
strength developed early on shorts covering
and commission house buying, duo to rains
In the northwest, with adverse crop news
from Texas nnd Oklahoma, as well ns a
bullish Kentucky state report. The market
was mu very lively, operations being d!
verted to corn nnd oats to quite nn extent,
ivlille the strength In tboso cereals finally
rented advance* in the wheat futures, with
•ffsringa very light, nnd the world’s visible
’bowing a very Targe Uerrensn. Thore docs
jot seem to be much uneasiness over tho
emp sltuntlnn In tho northwest. The cash
deinnml Is very slim at all points, and we
believe the futures should uo sold when
they aro bid up.
11 -’I rade rrns very light early, but
tho futures were bought and 'l.ld up, even
May, 1907, Ixlng freely bought, nnd rising
over lc a bushel on country acceptances
reported as being only fair, although con
signments quite liberal. Hhorts Wore forced
I,, 4 -.1. I, 7' Ml .Inly iind H«-i.*.-int,*• r m.-r
n bushel here, but on further ndrnncss we
believe that selling nil around will prove
profltabh
Oats—There
is general buying
At lead. The rtoslc
higher prices Indlcoti
nrly.
d. "nT
MADDOX - RUCI® BANKING CO.
SURPUJS AND PftOriTS . tfBSlSSS SS
account* iNvrrco.
Wo Bell the widely known nnd extensively used Circular
Notes nnd Letters of Credit of Thos. Cook .C Son.
In Our Savings Department wc allow Intcrctf at the Rate of 3 1-2 per cent, ;
Compounded Semi-Annually.
though we would wall mr wscum »«
bay on.
Provisions—AdvMCM wero due to the
•nrkere buying aggressively, and 1 losing
.tmif all around on sliorta covering, Prlres
may T*e advancml to higher levels, hut wo
would favor meetiug them with sates of
long stuff.
THE DRY GOODS MARKET.
By Private Letratd Wire.
New York, June fl.—The dry gooda
market waa Arm on domeatlca today.
The bobbin trade wan good. The Chinn
trede ia very dull, but there !a a steady
export trade with the Went Indlcn,
Kouth America and the Philippine*.
The lining market wim quiet, but there
ia complaint that gray goods are hard
to get from the mills. Pricta were
firmer than loat week.
open.
WHEAT—
July .. »%
Hept .. 79%
Dec. .. 80%
CUHN-
July .. 49%
Kept .. 49%
Dec. .. 47%
OATS—
July
Hept
Dec. _
I’OUK—
Jnly ..16.25
Kent ..If.17%
LaRD-
•Iill v .. 8.C6
Hept .. 8.80
wet. .. 8.77%
HIDES—
July .. 9.27%
ID—
= 1
High. Low. Clo
85%
8S%
33%
8^7% 8.C5
8.00 8.80
8.86 8.77%
8.76
8.90
8.86
CHICAGO CAR LOTS.
Todm. Tomorrow.
I’hent ,,,,, 19 1
•oru 836 316
lata 2-2 UT>
logs ..................... 22,00<i 30/jtVl
LIVERPOOL GRAIN MARKET.
Wheat opened % lower; 1:00 p.
•d %
Ml “
1 bight
to »,
r; 1:30
bight
NORTHWE8T CARS.
Following table gives tho northwest rare
of grain today, last week nnd last yrnr;
SOUTH WAS A LARGE
SELLER OF COTTON
Now York. Juno 6.—Tbo Hun *n>*: "A
recoil lu prlcea resulted from liquidation
nnd hammering, resulting partly fr**m fine
w 1 mither Ml,.I Inrgi- im<l prrslstent Nclllng by
the Houth. If Is near tfi«» cotton fields, and
.1110 more disposed to N4*U than to buy. It
••iiicd so for the pnst alt weeks. Be-
de*. the Liverpool market Merit heavy
Ulag orders In tbo next crop months.
Ring traders who went home long Monday
c\ruing Mold out yesterday on finding that
the l,l\crpool ndvfees were anything but as
IhiIUmIi 11 h they lind ogpectod. That mar-
ket evidently put n rather hearing c«mi-
structlon on government report. Homo of
the Houtbern snot mnrkota wero lower. On
the other hand, tho continent nnd Egypt
bought In Liverpool, nnd ring traders, who
sold here nnd went short, soon found that
they could not force the market beiow *
certain point, whereupon they covered. This
hud not a llttlo to do with the rally In tho
afternoon. Resides, lending spot Interests
were supposed to be buy lug July nml Oc
tober nil day. Price brokers. t«Hi, to all
appearances, bought some July. At least
»m. It did
nfldent of
npen run
supposition In the
nho
• •rts nny more confident of
... . .1, espeelal.’y as Philadelphia
people also appeared t«» l.e buying JuJf
per<4|Mt«-utly. 'Ihere were rejects, bowevsr,
tlmt boll wcavil Is doing more or less dam-
o lu parts of Texas nnd Igntlslans. Tho
ports continue Inrg*-. The New York
stock decreased 2JWU bi
In nnothe
SOUTHERN EXCHANGE
Olde.t E.t.bll.hrd Offlf" Bouth.
COnON STOCKS—BONOS—MINI
Ground Floor Oould Building. Dally
market letter and market manual
mailed on application.
l. j. Anderson & co
Bankers and Brokers,
COTTON, STOCKS, 6RAIN
CormpoUtit’s Capital $250,000
REPUKNCC. THE NEAL BANK
.HONE l,rr. PRUDENTIAL BLOO
f„L *t«r Orltim.
COTTON^GftAI^,^ro^is?5^, stocks, bonds,
... J Will si., him iiiuiit. mmi. Ci-
KUIHI]: •
Its Ytrk Cttf— CxcISSM. VklSlf* Sit f
h«w Of/MSI Ctlto* tickswft. fc rln#VIV.m*
' iffss Atttdtilt*. tltw Irsfs Csfff# fariasf#.
Wlrtt to Mew York, Mew Orient, Chicago. •• C. COTMKAM Mootyxr^
Lleerpeol Colton Attodatlon
hleoto r ”
Boll Hone 1H2
PIEDMONT
(Ineorporatad.)
BROKERAGE CO.,
Basament Floor Pisdmont Hotol,
STOCKS, OONOS. CRAIN. PKOVISIONS. INVISTMCWTft
Fast Wire Service from Nsw York, Ntw Orleans, Chieago.
coaaeaPONOCNT*
M. j. SACK * CO . 4J MOAOWAV. NEW YORK,
low. M0nil Mtanayor. to<ol ssd l««< Qlttooeo Poll ftaa«$IIL