Newspaper Page Text
MARKETS
Edited by
JOSEPH B. LIVELY
Mr. Lively hns edited Markets in Atlanta and the South for more than twenty-
five years. His experience makes him the most reliable market editor in the
South if not in the entire country.
tOTTON MARKET
IS
yIl 0OR TRADERS MAKING
PRICES FOR COTTON.
Market Was Dull at Start, But
Short Covering Caused
an Advance.
The Liverpool market was closed _
jay. It wM remain closed until Mon
day.
In the N.w York market, the only
BCW , „f an Influential character related
to the crop and weather, both of which
being one-sided, excellent weather anf
crop proppecta brilliant.
The opening wa» quiet and Irregular,
though changes from yesterday's clos
ing were Insignificant. The bulk of the
trading was being done by floor trad
„ the outside public refusing to en
ter’the market under present condi
tions.
The bull and bear battles will _
fought on the floor of the exchange un
til something definite occurs on which
tn base ventures speculatively In the
cotton market.
After the noon hour, a sharp upturn
took place. In both New York and New
Orleans, In the former on covering by
Boor traders and buying by New Or
leans. the latter market showing con
siderable strength, especially for July,
which sold above He on extenslvo
covering.
Overland movement for the week
11,02), against 12,403 lost year, and 4,
''since September 1, 899.387, agnlnat
I, 0)4,420 last year and 902,899 *-
'^Amount brought Into sight for the
week 79,408, against 124,287 lost year
and 20,150 In 1*04.
Brought Into sight since September -
10,418,245. against 12,398,922 last year
snd 9.727,488 In 1904.
Charles D. Freeman & Co., In
circular letter, today summarize the
situation as follows:
New York, June 8.—"While this pe
riod of crop uncertainty continues, we
Should all be cautious In our Judgment
and actions, keep a clear head, and be
sure of our facta. Two factors are up-
uoinioat now: First, the Impending
July liquidation: and, second, the crop.
In the first Instance, we are confronted
with a romnterclal proposition, namely.
Who proposes to carry the 60,000 bales
of undesirable cotton now In this mar
ket t„ August or September at n loss of
II. au to |2 a bale? It does seem as
though In the near future an adjust
ment to comparative values for con
tracts must take place, thus affecting
the entire market unfavorably. Weak
ness In July and transferring of hedges
will depress prices until the equaliza
tion shall be completed. This Is the
technical situation, and Its analysis,
based upon the present crop develop
ment, euch day In June, which Is fa
vorable to the growth of the plant,
makes the July situation more acute,
and 11'sik upon It ns a constant menace
to "us. When I say I am nervous
al drought, I inenn It solely os a
wu •-*, for It Is the only Imminent
adver»? factor, and there nre Indica
tions that we should not forget this
prospect aa the season advances. The
present market (s a small alfalr, and
only small fluctuations are to be ex
pected until we approach the July ten
ders. Above 10.M for October snles
for moderate profits seem Justifled."
SPOT COTTON MARKET.
Atlanta-Steady, 114c.
New York-Quiet, U.90e.
New Orleans—Firm, 10 18-14e.
I.lverpool—Holiday.
Augusta-Quiet. 1114c.
Havaanah-Bteedy. 1074c.
W llpilngtoii-Btaady, 10 1
81. leilila—Quiet, UC. .
Norfolk-Bteedy. lie.
rhnrleaton—Firm. 1084c.
RANGE IN NEW YORK COTTON.
Tic ftilMiring fa the range la cotton
futures lu New York todny:
Last Precious
Onen. High. fmw. Hale. Close. Close.
June .1U.O) 10,60 m.60 10.00 lim 57 10.47 69
July .lorn 10.80 10.00 IMP lOMI lO.fi-41
Ant. .10.40 10.61! PUS lo.to pl.ta.tu ]U.4#.V1
.14.42 10.48 10.42 10.41 1440-4* 10.43-44
gel- 19.40 10.441 10.17 10.37 PU7-3X 10,30-40
E j| 10.37-34 10.38 40
.10.44 10.60 1 0.41 10.41 10.41-42 1 0.43-44
.10.47 10.53 10. V. 10.45 10.45 40 10,47-48
r«;. .10,49 10.61 10.40 10.60 10.46.47 10,47-49
Hell. .10.69 10.81 10.65 10.66 10.54 10.6867
RANGE iN NEW ORLEANS COTTON
cotton futures nosed ns follows at New
Orleans today:
least ProTloas
. Open, High. Low. Sale. Close. Close.
V 1 !'“ l*M 10.81
«ly .R92 11.04 n*9 10.86 10.96-96 10.8940
Anc. .10.64 10.76 16.63 10.66 1^66-67 10.63-64
10.43-44 10.45-47
-10.33 HK38 1X80 10.30 1o.2H-.10 10.31-33
2* •■••• 10.no.3l 10.3234
It- •2*4 16.40 10.22 10.33 1L2P-33 1*33-34
{?*• . 0.43 10.41 10.51 10.41 10.3# 40 lft.SMO
*«*»■ -W-5* 10.64 10.53 10.53 10.49-51 10.49*1
TODAY’S PORT RECEIPTS.
71e following tnbh. shows receipts at the
CJt year ' <omptrei1 lhe •* a,e
1909
1908 ]
Jre Orlraaa
fe';"..::::::::::;::
845
1329
293
1938
IS
1745
4f»
180
nii
'isi
101
2848
3741
352
2466 I
K
«
5M 1
.?
im
1T*
«w
:::::::::::
; e*"v’Vk
:
Pfft Wpbl.
-
P" rnnriara
1
^ INTERIOR MOVEMENT.
1906
1908
?«•!« ...:
1029
153
302
3523
140 J
lit J
H-
Jf^mphls
nL.- ut *.
IU
S3* O
fotal ““
2531
2623 D
NEWS AND GOSSIP
Of the Fleecy Staple.
Printe Wire to filbert * Cloy.
New York, June 8.—For some days I Imre
been rery nervous over the droughty con-
dittoes at various points.—C. D. Freeman.
9:24 a.m.—Narrow market, but undertone
Arm. Any outside business would cause
higher prices.
The Journal of Commerce aays: "Gen
ernl trade for the day was steady with
the movement of goods of moderate volume.
Some bleached goods houses report satis
factory news from men who have gone on
the road within a week or ten days. Cot
ton dneli# are ns strong ns they enn be
from the sellers viewpoint. They are acarce
and In good demand. The Immediate con
dition appears to Uo thnt if any strong
movement In export goods, announcement
of any definite policy by a recognized mar
ket lender in mearhed goods or printed
goods, or nnr adverse crop report coming
from n reliable source, should come upon
the market, nil unusual amount of buying
would be precipitated, and the strong un
derlying conditions In the first hands mar
ket would assert themselves very quickly.'
New Orleans. June Our traveling rep
resentative wires: “Waco. Corsicana to
Tyler, crops spotted; when well worked will
look fine, but inauy fields grassy and need
ing work. Trier to Big Sandy, fine crop,
clean and well worked: acreage about same
ns 1904. Crop from Big Sandy to Shreve
port Is ns near perfect ns possible; clean
and well worked, with perfect stands."
list.
In t letter from Waco. Tex., the writer
aays. In port: ‘The fields have been ex
ceptionally well cultivated, being practical
ly froe from grass and weeds, and good
stands have been obtained. The plant Is
thrifty and putting on fruit rapidly. The
boll weevil nnd boll worm have not as yet
made their appearance In this section. ’
Private Wire to Ware & Leland.
JfeW York, June 8.—Cotton opened quiet,
without special features. Trade light snd
mostly local, with Liverpool closed. Look
for quiet market today.
I.esser-fJoldmnn Cotton Company <>f St
Louis weekly weather report: "There Is
little of nddltlnnal Interest to report since
ours of the 30th of May, except that weath
er conditions hare been almost perfect for
the growing crop In Southeast Missouri,
Arknnsns and the northern portion of the
Indian Territory. We Irenr of practically
no complaints, nnd, so far. the prospects
can only be classed as excellent, ami If
favored with normal weather conditions
during June, the plant, to onr mind, will
be In good shape to stand the always try
ing months of July nnd August
Hubbard bought about 5,000 October and
December.
Cotton very steady: some good local buy
ing. which has absorfw^ light offerings.
New Orleans, June 8.—Alexandria. L
wires: “I). K. Cooper, a planter of Ilayou
Rapids, sent here today an open boll of
Albany. Os:, wires: "Wo can see ct
ton growing by day nnd bent It by night."
Futures hold up well In spite of the dull
ness. The bulls feel the lack of outside
support. Ono of the closest observers
around the ring says thnt New York is the
heaviest buyor nf October nnd December.
Hoots are In good demand and factors
claim they can get prices that nre He
higher than quotations for what they have
Gibort A Clay’s Dally Cotton Latter.
■ New Orleans, June 8.—The closing
of the Liverpool market In observance
of the Whitsuntide holidays, which ex
tend over tomorrow as well, has Im
parted an even further quietness and
lack of Interest In the day's session of
the cIs-Atlantlc rings. The quiet un
derlying strength of the July option
continues to'be the sustaining Influence
of the market and has created a de
cidedly more favorable opinion In fa
vor of enhanced values. Covering of
the short Interest In this month has
been fairly general «and at the same
time the October position found ready
support from local traders, but the
market still stands In need of a broad
er stroke of outside speculation. The
Influence of the weather seems for the
moment to be lost In the more engross
ing Interest of the outcome of July. All
reports from the belt continue, In the
main, favorable, but the unequal dis
tribution of moisture In parts of Texas
la beginning to bo sorely felt, and has
been the cause of some expressed ner
vousness on the part of the trade. Spot
business In our market Is necessarily
restricted by the small supplies which,
exclusive of the amount on shipboard
and the very' low grade llnters, etc.,
amounts to barely 80,000 bales. The
visible supply statement today will In
all probability show but small mill tak
ings, owing to the several days’ cessa
tion of business abroad and the un
willingness of spinners to buy large
ly. as exhibited In the small dalbr
volume of business done this week with
such frequent interruptions In the
trade.
L. J. ANDERSON A. CO.'S
DAILY COTTON LETTER
New York, June 8.—With Liverpool
closed today, our market lapsed Into a
very dull affair. Even the weather
news has become stale and uninter
esting. The trade Is waiting for some
thing new. All have agreed that
priced have declined about enough un
til there Is further development to in
dicate that we will have a large yi*!d
this season. On the other hkudj UU
•ed that weather conditions
neral proclaims tnax « is we iww
Inst. This feeling prevails to so
rge an extent that the majority have
en disposed to buy a little cotton
r a turn In anticipation of some un-
i-ftrnhle news. A few unseasonable
estimated receipts.
New Orleans expects 700 to 1.000 hales,
ml nut 2.700 actual last jesr; Oalveete*.
s/n tn - oft?. agatoat 2,397 aetnal lzst yttr:
TO to l,ft». afainit 2,900 .etui
i«t yor.
COTTON SEED OIL.
Aqitnolwr
Cl.,?-l .tonjy.
ROOM TRADERS WERE AG
GRESSIVE SELLERS.
Forced Prices Down, But Devel
oped Strength Later and
Advanced.
By Prlrat. Leased Wire.
New York, Jurio 8.—This morning
the market differed very little from the
preceding market, of the week, It.wna
heavy for some .took, and .trong for
others, while the greater part of the
list moved unsteadily within very nar
row limits and showed no net change
of consequence. In view of the Impor
tance attaching In speculative circle, to
the violent rise In the grain pit. more
attention was paid to the grain move
ment than ta anything else outside
the stock exchange. Although more
or less damage was done by last
month's drought, and while on this ac
count It Is believed that next Monday's
June report of the go.ernment will
show a lower condition than on the
tlct Ilf May, till! expectation I? Ihnt
the estimates will still make favorablo
comparison with previous years.
Whatever uneasiness Is felt over the
wheat prospects now relates almost en
tlyely to the spring-sown crop. The
northwestern Issues, as a rule, were
Inclined to reaction In the day’s mar
ket, and profit-taking also made It
self especially felt In some specialties.
There was considerable irregularity
at the opening of tho stock market,
but soon after the Initial dealings there
was some showing of a disposition to
take profits and operate more con
servatively. Such declines as took
place In the general list, however, were
only fractional In extent.
Room traders were aggressive sellers
of stocks during the first holt hour
and forced declines of 1-101 per cent
In a number of active speculative Is
sues. but the market soon developed a
strong tone again, and with a few
exceptions, prices at the end of the
first hour not only showed a recovery
of early losses, but In a number of In
stances made material net gains.
Government bonds unchanged.
Other bonds strong.
Wars & L,land's Dally Cotton Letter.
New Orleans, June 8—The cotton
market was featured by a strong de
mand for spots today, which was met
with the slimmest kind of offerings.
Buyers acknowledged that they were
helpless, and turned down new busi
ness. no matter in how small lots It
came. . July continued the strongest
month, as was natural on such n spot
demand, and Its strength was reflected
In the late positions, although it wns
evident that some halls were selling
out their holdings In the new crops
and were going Into July which. If pres
ent conditions continue, will undoubt
edly squeeze ■ itself. Soma operators
went short of July this morning on
the theory that a reaction 8ras due.
but toward noon these shorts were
forced fo cover at a Mss. A reaction
In July will be delayed by the fact
that the larger part of the long inter
est Is undoubtedly held by those who
are sadly In need of actual cotton and
who will hang on tighter to their hold
ings of contracts the higher the price
goes. They will turn loose their con
tracts only when they can swap paper
for the actual stuff, but the actual stuff
Is now so firmly held that there Is
little likelihood of anything like free
offerings at reasonable prices until new
cotton commences to move, and there
fore a majority of July longs will wel
come deliveries and will even demand
them. This Is the reason why we say
that July will probably squeeze Itself.
YESTERDAY’S MARKET
WAS UNINTERESTING
Now York, Jane B.-The Bon says: -There
was nothin* striking In Ih. trading, and
naturally the fluctuation! were similarly
derold of special Interest Vet, it Is to lio
ilnerred that In the ■•‘"•he,
irm euoQfhi dMpItl _ QiMPPfllltlBf Jdver-
tool advices, favorable weather 6t tbs
RANGE OF NEW YORK STOCK MARKE
Atlantic Const L?n«* ......,..,,.,,7.7t7”**>*
American Sugar Befitting
Anaf'nniln
American I.ooou
lo preferred
«l<» preferred
American Smelting Befitting
do preferred
Atchison ........
do preferred
American Cotton oil
Baltimore and Ohio
Brooklyn Rapid Transits
Canadian Pacific
Chicago nnd Northwestern
Caaeapeakc nnd Ohio
Colorado Fuel nnd Iron.
do preferred
Centrnf Leather
Chicago niitl Great Western
Chicago, Milwaukee ami Ht. Paul
Delaware nnd Hudson......... ;
Distiller's .Securities..
Erie
General Electric
Illinois Central
American Ice Securities
Isoulnvliie and Nashville...*.,.
Mexican Central
Missouri Pacific
New York. Ontario and Western
Snttonnl Lend
Northern Pacific
Now York Central
Norfolk nnd Wcntern
Pennsylvania *
People’s Gas
2!
££&!*&sraLsz
Jiuywaa manipulated to-aome extent at
°St •.r.l^nriK
To Till fotorra. bowsver
there Beam to adhere to the btUl side of
fs rasa? ag%jMg^g
appears to have sold 1,000 hales of tho
actual etaple for home consumption. Some*
body"did. in future# K 1# very Nrrely a
waiting market. The weather Is in the
main Itortbli, IbOjB jkg. jry.ln sootbsni
Texas, the crop nsw# on the whole prorata*
in*, hat thTpSblfc Is lafllAwsat. Jfst. os
tho oth.r hsmt. ths cswsmptloa Is isrg<-.
s big crop Is much M«W, asy Mowthliig
Itki* l-'.jOuu bslM. snd there ran bs no
suits for those who made tne venture.
This happened last year—«« sdTwnce of
Jc took place In a comparatively brief
portodj-and It Ira# happened In other
y# New Orleans. Jane /—Channel lights will
obscure the loiter of ths yet Hl.t.nt harbor
beacon hut the talent baa eosw to under-
riJiri the g.ner.1 direct!™ of the eoora.
they ore to sMor. No fre.h srlra Istfasans
tare KcSoSnusaffrat. Imt room trader,
oa 1.1th Sidra of tho sreopot frar the Jsly
Doallloa with s sat wbolesono dread, and
ftliewuoe time reroaolaeln the persistent
demand for forward supplies a dlaltuet and
time!, warning of poaaJtde trouble ahead
la li «rat frowatog.ahlra should com.
to mar current favorawe rrep prospects.
Thus, mlalnt.rpreuiloo of minor Dries fae-
violate the confidence of the bear at a time,
too, when all nature Is siding the efforts
Sthe farmer. It Is an ojd story, one the
talent should have learned long ago. Yea*
SrSay'o cotton market proved nothing, bat
demonstrated to the student this fact; The
EStXTwbcrever Itrasyhe, la well above
the expectation* of the men who have for*
have loot their aaefalneaa. In other words,
cotton on It# merits will work oat Its own
miration, the manipulator to the contrary
notwithstanding.—are A Inland.
THE DRY GOODS MARKET.
Pressed Steel Car MR
da preferred
Pacific Mall
Bonding
Bepubllc Steel
Bock 1 mIii ml
ilo. preferred
Unltei! Htntex Rubber
do. pri-ferred,
Southern Pacific....,
Southern Railway
do. preferred
Slow Bhefflebl
Tennessee Cool and Iron
Texas nnd Pacific
IJnlou Pacific..
United States Steel
do. preferred.....
Virginia-Carolina Chemical
do. preferred
Western Union *
do. preferred
Wisconsin Central.,-
do. preferred
ijllltih^IfQw.lcio
1 V’. 11'"* 1 l\‘* 1"M‘* 1 S‘*.
1484 1IK«J H74 147
i>-\
~***fc| 5® I 2©*-*
b W* 71
!>«-♦ »iN|8<4 1D»S 1564
11941 11941 1194! 1194 .
91S- >’
1«».'\ l-.:» ; 1UJL I'..'* 1
3J4: -MS 33S 33
l"9'*i i«w4 11> 110
sf,\ 844 844 814
161 161 1594 1594 *—
203 I r* 213 204 ,
694 5»4 5#4 5S4
M 60 4 574 674
434 4341 424! 43
iK. "ifii!"Si
377*. 1798.. 176-!, I79S
217 mj 217 22S 224',
TIPS FLASHED
From Wall Street
Prlvite Wire to Ware ft Lelonil.
New York, Juno 8.—London changes slight
Out look favors n good bank statement,
but 6 per cent bid for ovor the year money.
Talk of Brooklyu Rapid Transit going
on a i per cent dividend busts next fall, it
la now earning 7 per cent on stock.
There are bull tips on the Vfliiderhflts.
Erie, Ht. Paul, Steels, Coppers and Railway
Utilities, also Wabash, as well as Missouri
Pacific, Texas nml Denver.
Bear attacks likely should crop reports
on grain Im unfavorable nnd expect couald-
orable realising, but look for good buying
In all the active stocks on reofsalons.
Rather look for traders* market, though
stoeks should hold well nnd prefer long side
for the tliuo being, but would buy ouly oc
sharp dips. Feel very friendly toward Col
orado Fuel aud Iron.
Summary of yosterday'a stock market by
gage of MDOiayMW
Hallway rate Mil goes back to confer*
ence.
Stocks plentiful In loan crowd.
Scarcity of B»Srnier steel hampering op-
t oniplcti-d.
. Iteporte-1 Brooklyn Rapid Transit Is now
earning 7 per cent ou stock.
Central of Georgia will connect up to
form a through lino to the gulf.
F. A. Vnnderllp says no abatement In
prosperity this year, but moucy outlook Is
not clear.
Jncob Hclilff In Montreal, returning from
Japan.
Money continues to return from 'Frisco
cent.
Private Wire to Olbert A Clay.
New York, June 8.-*Daulei Odell & Co.:
“Continuation of Irregular Improvement la
likely In the stock market with Independent
advances and specific receasoDs the genera)
and we Advocate the maintenance
of t%s conservative MB position in this
creeping upward market, i>olnt!ng out that
the profosafonnllsm exemplifies the wisdom
of taking moderate returns, so far ns dally
operators are concerned, for, until tho bud*
ding public Interest slinll become MS ex*
tensive, reactions will be frequent"
Town Topics: “There nre as yot no Indi
cations of sny withdrawal of support by
the powerful Interests who ha vs boon be*
hind the market for snmo time 'p"ht. Ofi
the other baud, expressions of confidence
aro heard In these quarters and the opln*
Ion prevails that the gradual Improvement
n going oa will continue. Tho
1 In the grain market yester
day attracted a good deal of attention, al*
tta effect on atock values was
■umii. There were, however, some fairly
reliable reports of damage, but these were
8T0CK SALES.
a |Hi400 sliar
<■*) shsr
11 a. tn.. .. „
12 noon
Total „ ;;;;
STOCKS REVIEWED
BY NEW YORK SUN
Now York, Juno 8.—Tho Sun says.
"In the forepart of tho day, the market
was strong, many stocks making new
high records on tho present movement.
In the afternoon, prices declined on
profit-taking, leaving, however, sub
stantial net gains In the case of nearly
all ths active stocks. Tho undertone of
tho trading was vigorous and reslllont
tin ouKhoui, ;iml tin- inatkH very pel
ceptlbly displayed a broadening tend
ency. For tho first time In many days,
commission houses reported a distinct
Increaso of Interst In speculation and
enlargement of orders on tho part of
their customers to buy stocks. Yst,
as usual, the day witnessed tho de
velopment of no sensational or ovsn
Important news affecting values.
While It Is understood that there has
been a* yet no definite conclusion of
arrangements looking forwnrd the
retirement of tho Wabash Debenture B
bonds, which have been long matters
of semi-public notoriety, It Is yet be-
lloved that theeo negotiations have
reached practically a satisfactory tsr-
nilnatlon, and that tho scliomo that has
bsen matured comprises tho proposed
authorisation of a general mortgage
bond Issue covering tho Wabash prop-
erty. by menus .*f which not only the
Wabash Debenture B bonds, but all
other bonds of tho road, can bo retired,
with Ih#* net result of flirt ( ting the rev
enues of the company hereafter for
tho big stockholder8."~Glbert A Clay.
not numerous, and tho bull movment In
wheat was more In the nature of n drive
At the ttorts than anything else. The
broadening tendency which the market f
shown and the dullness which develops
all declines Indicate pretty clearly that
stocks are still closely held and lu strong
hands.
“Tho forecast of the weekly movement of
few days, indications point to an active
and stronger closing todiy. nnd on any
moderate setback, wlilch may occur In the
early dealings, we advise buying the better
class of stiK-ka, cspeclauy Amtlgamatnl
Cooper and Union Pacific, while Louisville
sad Nashville, Ksty common and preferred,
Erie, Reading, Norfolk and Car and Fona*
dry, If bought oa weak spots, should show
fair profits.
Prank Hawkins, President.
B. M. Atkinson. Y. P. Thomas fC. Erwin. Asst. Cashier.
Joseph A. McCord. Cashier. R. W. Dyers. Asst. Cashier.
Third National Bank
Capital
Surplus
$200,000.00.
$300,000.00.
Dr. A. W. Calhoun.
Milton Dncfnn.
John W. Grant.
11. Y. McCord.
DIRECTORS!
Frank Hawkins.
IT. M. Atkinson.
Joseph A. McCord.
J. Carroll Payne.
ALABAMA ST.
COTTON.
corrcc, provisions
ATLANTA. OA.
GIBERT A CLAY
i;::.
was nte»dv with a fair volume of ImalM
Hut IT line a hare been opened for 1
MKMBC681 erring of DO? sml tlw early * bowls/* pr>
ork Stork rxebsngefNew Orlr* ns Cotton Exrhsnge irblesgo BasrdOl Trade. . „ nllM , Ther- w.»» .1 - uht .1 1
Wk Coffw ExchangePtow Orlesoa Board of Trade GaHeston Cottun r.x nai.f*.
Private Wire* to all Exchanges.
^•1 and Long Distance Tslsphons 52W. W* I
LOWRY NATIONAL BANK
CAPITAL, SURPLUS AND PROnTS
OVER ONE MILLION DOLLARS
Foreign Exchange, Travelers’ Checks, Brown
Brothers’ Letters of Credit available in all parts
of the world.
Tgos. 1. ntnis. ciikiu .
IH C Mill. In i f.,»
MADDOX - RUCKER BANKING CO.
CAPITAL S20d,000.00
SURPLUS AND PROFITS . $300,000.00
ACCOUNTS INVTTCO.
We soil tho widely known and extonmvely used Circular
Notes and Letters of Credit of Thop. Cook & Son. •
In Our Savings Dep«rtmen( we »Ho»- Intcrcit it the R*fe of 3 i-2 per cenl
Compounded Semi-Annually.
NOTES ON GRAIN
Pointers on Provisions.
vance or yesterday anil It leaves us depend
ent upon home newa for farther bull In*
fiaence. Presume continued ralua In uorth-
weat will be the motive, but this tuus
should play out today or tomorrow. •
Chicago Inter-Ocean: King, of Toledo,
wired the Mlaaourl crop report late last
night. It Is.sensationsl on corn and tutts.
nnd confirm* recent claims of damage. It
anys: "Wheat conditions 77, last month 17,
n year ago 81. Only 90 per cent of corn
planting finished, corn condition 76, a
year ago 13, last September Kk Oats con
dition 48, against 74 last month aud St
year ago."
Cash business In wheat Ih Chicago ye#-
terdtjr was 27,000; corn 66,000 and oats
At the seaboard exporters sold 82,000
wheat, 16,000 corn and 70,000 oats. Therd
were also «*ancelIatlona of 110.000 corn re
cently sold for export at New York.
Charters were made for 125.000 corn and
76,000 oats, the rate belug l‘4o ou corn and
lc on oats to Ruffalo.
Bids on corn sent to the country last
night wore up evan with the advance In
tho speculative futures. The hlcli bids scut
out on Wednesday's advance failed to bring
acceptances «>f any consequence In tbe
morning, the highest bidder lu Iowa getting
only 11,000 bushels, as farmers are not
snre enough of the new crap conditions to
sell old corn freely at present. The day's
advance brought larger acceptance* late In
the afternoon, one bouse buying 100,000 In
Nebraska after the close.
A crop report waa Issued by the Houth*
western Grain end Flour Journal yesterday
by C. 8. Rowdlsh representing thnt paper.
The reports are made hy a personal can
vass or the fields. It gtvea tne six states
nnd territories 3M23.000 bushels over last
braika
Totals
There were sales of 10,000 bushels No.
} northern wheat yesterday at lc over
uly lu store. No. 2 hart! was Xc under
nly nnd No. 2 red 87c. At St. I<nula No. j
red was MMP2r.
James KbUtou, of I'hlrngo, who went
west two day* ago, wired from 'Denver:
"Left IJucoln 7 a. in. Found corn needing
rain. Where the rows parallel the rail
road eould soo no sign of growth. West of
Hastings It la more backward. Wheat
looks well, but la beading out short."
I.CSS urgent demand for wheat so far.
Local crowd la atlll bullish aud will work
a further advance If possible.
Cudahy was best seller of corn this morn
D finta opened firmer. Finley Harrell and
ognn good buyers «>f HMeiber.
Wagner and the pit crowd sidling. Knight
nnd McDougnll fair sellers of July.
Hmaller packers have been moderate buy
ers of provisions. I a rge r packers doing
next tq nothing. Fork Iwlng supported.
Market^ a ahade lower, llog situation
HlllUlg
Private Wire to Olbert k Clay.
Chicago. June 6.—^Wheat rabies respond
very fairly to our advance. HUH wet north
west, but no heavy rains.Favorable weath
er southwest. Cash and milling demand
cxceedliftrly poor. We ahsll carry over
liberal reserve* to new crop,
We believe tb«*y will continue lib
Large profit taking In onts yeaterdny, but
do uot believe there will he murb aetunrka.
, 206,693.000 16B,770,000
MODERN MILLER'8
REPORT ON WHEAT
Chicago, June 8.—^The Modern Miller says:
"Special Inquiry Into winter wheat condi
tions rovers t*-n states nnd two territories,
Kiaed upon returns from milling corre
pondenta of tho Modern Miller. Outside
.venturkjr, where general deterioration of
the crop Is reported, tho majority of cor-
roMpoinlrlifM lidvlHe nil lliipl"veUM-Mt
tfie Into rolns, nr a maintained rond
luring May. Quite n number note that
bends on abort *trnw fill out well and prnin-
Iho a yield of good quality. Com pin hits thnt
crop hns been lowered In condition aro
loraua, ruining principally from Illinois,
Hourl nnd Kanaat. flarvpst Is deln/ecf
I’cxns by rains, but has begun In Ten
__ ice, the territories and Southern Mla
■out 1 and Illinois."
NEWS WAS BULLISH;
WHEATJDVANCED
MORE RAIN IN NORTHWEST
A FACTOR.
A Drop of Ten Points in the Mil-
souri Crop Report Was
Bullish.
By Private Lcaaed Wire.
Chicago, Juno 8.—Tho grain maVket
today closed atrong up from 1-3 to 5-8c
per buahol on all cereals. Crop dam
age report* from the Southwest on
account of lack of molaturo and cover
ing of abort* and heavy buying by
commission houses was the principal
feature.
The merket opened .strong and
steady, Influenced by more rain In the
Northwest sad m drop of If points tn
the Mlaaourl state crop report
Wheat, July, 83 1-2 to 3-8c; corn,
July, 61 1-4 to l-8c, nt opening.
CHICAGO GRAIN MARKET.
The Chicago grain market rangvd os fob
. WHEAT—
July ■
Mcpt
Dec. _ f _. 49%
Open. High. Low. Close, clo;
1 I
844
MS
614
<94 504
$
S£!:: 3
roiiK-
July ..14.78
July ..8.!
Kept
Oct.
HIDES—
July .. fi.l
.*214
A
34',
ir
16.So 16.75 16.8S
16.60 16.374 16.474
8.8^4 8.774 RW
8.95 8.!<o 8.'*T,
2.874 1.824 5.874
9.474 0-40 9.45
9.35 D 1*5 9.35
9.18 9.0$ 9.1$
MS
M4
vA
16 50
8.L’4
C nth Wheat—No. 2 red. N.» J red.
664(86e; No. 2 hard winter. t2f|85e: No. 2 <ln,
T'.ffSlc: Nn. 1 northern uprlng. 84tne>»-. No.
8. do, 8>084e; No. 8 do. Llfftlr.
CHICAGO CAR LOTS.
Wheat
Corn
Oats ..
Hogs ..
Today. Tomorrow.
LIVERPOOL GRAIN MARKET.
Wheat opened 4 to H higher: 1:30 p. in.,
4 to 4 higher; rinsed 4 tn a, higher.
t.orn opened 4 higher; 1:J0 p. m., un
changed t# 4 higher; dosed 4 higher to 4
New York, June 6.—With holiday
In the cotton uinrbeta. It waa natural to
«>* we would have a dull h'-hhIod
ilde. Our opening was a shade better
and while the n-hnnre was not a* great ns
In New- Urleaua. the market showed coo-
alders bis strength nn»I nervous abort* bid
the market op on themselves. The Dull
nr«* showing tnore cynfldenre In thdr |**»
sltloa, snd the good weather seems to liar#
been discounted In tbe past few dors. Spot
men In New York report that Now England
spinners are ahowlng mors Interest Hi the
market there, and good sales ere reptirted
from the New York Stocka, Tke next few
months we wilt witness groat fluctuations
n tho cotton markets, and speculators will
have a chance of their Urea, The oncer*
y of the results of the coming crop
drier a greet many from trading, onr
opinion Is that If there should happen *ny»
thing to the growing crop, very much high
er prices will prerall, and !r the present
weather continue* good, the iacMao will
not t»* very great, ns the i-onsumptlnn of
the raw material la at the high reeonl.
Htorks today ware extremely dull, but
firmness continues In moat of the active
trading Issuea. Tho market wan dull (Ut
narrow, but evea thoee who are not bullish,
cannot deny the fact that tho market Is
ell In hand and a resumption of th« up-
ard tactics, which has been so profitable
la the pest two wash*, might not be re-
earned. Those lasses which have enjoyed
e advance ere now Idle and digesting the
_..vanre, while new ones are bring taken
up dally. Tbe revival of the rumor of th<
amalgamation - — —*
companies Into
shares of the
PRIMARY MOVEMENT.
The fo||nu lug figure* show the primary
more incut of wheat nnd corn:
Whett— Receipts. 847,000 bushels, ngnlnst
163.006 bushels Inst year: shipments, IM.Ono
bushels, against 165.noo bushels last year.
<''«»rn-R.-eelpta. 752.000 l.nshels ngslnst
486,066 bushels Inst year: ahlnmmtM, f..Tn.on>)
bushels, against <61,000 bushels Inst year.
THE LIVE 8T0CK MARKET.
Dr Private Leased Wire.
. JoM 8.—Hogs—Receipts estimat
ed 17,00). Market strong early; n«iw steady
nt previous close: quality fnlr: left over.
3,i65; bulk. W.474U*» '»'»; estimated receipts
for tomorrow, 15,000; light lings, |6.;i5'd*j 55;
mixed, |6 X',wt 574; henry. $1 IT.AA 60s
rough. 16.26m t'.: pigs, f5 3M/6.30; yorkers,
86.fe6 55; g(*«»d to Cbolco heavy, )6.50tf6 60.
Cattle—jterelpts. 2.000; iimrket strong.
Beeves, HJOf/MO; cows, |1 60; h«Jf*
ers, LMik/|< 90; g<w».l prime steers. |5 2$tf
6.00; poor to inedlam. f< '<01/6.31); stackers
and fcoflers, |2.7.Vd< .75.
Hhcep-Receipts, 6.000; market atrong at
vesteruay’a rinsing figures; native. n.S04»
•« .*); vvestorn. 13 606/6.30; yearlings.
6.10; Iniubs, |5.So^7.10; western. |6 r^wjfr.p/.
NEW YORK COFFEE MARKET.
Ths fallowing table gives the opening
nnd closing quotations Tor coffee for future
delivery today lu New York:
Onen. Close.
January CHO 6 70 6 60 4 66
February 4 7«6W) 6 65476
March ... hwis.as r, :r, 6.86
April :.. 4*r-«:»r, r. 864.36
May sc. 6:s*-4« s
Jun* 4.r«6.10 4.X-6.M
July 6 16 6.13-6.31
August 4 2*6.30 4 »>4.2S
HeptemWr «.»4 3f. 4 *i 436
October ... ... 0.35 4 46 6.3S-6.PI
November ... *• 4A-*».60 4.4$A5u
Dereuila-r ... *i.6G 6.M-6.66
Closed steady.
vance In lard, ond were not Influenced hy ,
the firm cotton market Tlu» market at I
the close wns quiet, with prl«es 4<- lower
to 4c higher —Ware k Lelnud.
of the rallwzr raalpmral
I nn, nmr.rn h.a h> II..-.1 Ik.
■BBSSeei vnrioun rallrra-l nnpplr roa-
imhHm. Hradlnx, will). * abait, hirer In
(ht mnrk.t quliklr ralllnl awl »d-
rkDrefl lo Ih. blgkret point r.acbiol >lnr.
Ik. Man Krakdkco illmifrr. After III. noon
w.,1.01. Ih. f.rilllrer rtnrra wi-re tiik-'U
MU of IH in.rk.il up. A b.ll.r f.ollnr
.zlaM nlko In PM.wIr.nliL wbilo lb,
rappw kb»rre wrre qul.l. IIIgb.r prii-ra
are .zpn-tnl, as th.r. I, riralOranra In
lb« kdrenra of two nf lira Hlawlml on
jropirtlra-rlx: at. Paul and CauolM.Ud
COTTON SEED OIL MARKET.
N.w fork, Jun. Tb. nurk.t for ration
_■«! all ire. .rrMi-dljr more urllr. nml again
fewar. Tb.rr ararn«I In U. aonw Mill,
prearere ill along Ikr Uo., irxl alao ana.
awltrblng hriwren Mral-tnbrr an-l Onlobre.
Tb. reran ilrellu. apbrara tn bar. Iirougbt
ann. IliinMaUnn no Ih. markat, alllioiuii
It la atlll rialmiol that lb. .reliable aup
SOUTHERN EXCHANGE
Oldest Established Office South.
COTTOI- STOCKS BONOS HUH
Ground Floor Gould Building Dally
L. J. ANDERSON k CO
Bankers and Brokers,
COTTON, STOCKS, GRAIN
Comspoitot's Cipltil 1250,000
RCrCRCNCC. THC NEAL BANK
PHONE «4fT. PaiJOfNTIAL *LDO
fid. Hew Orltset
ware: a leland
COTTON, GRAIN, PROVISIONS, STOCKS, BONDS,
Ms. 3 Will SI., frft'i Buiidlif. Atlnfs. Ct.
U l MillS:
Hem Ytrk Cotton Itthinge. Chlago Bot'J oj Trtdo.
htw Orlttnt Colton tithMfiQf.
Lhttoool Cotton Att ** -
Print* Wirtt lo Nre Yerl. Hem Orleatt. Ckicsye.
Boll Fhono 1362.
Nre fork Coltoo luhtngo.
B. C. COTHHkH. Nniiif.
Stondord Pkooo 23k
PIEDMONT BROKERAGE CO.,
(Incorporstsd.) Basement Floor Piedmont Hotel.
•TOCK8. BOND*. CRAIN. PROVISION*. INVC8TM8NT8.
F*et Wire Sergic# from Nsw York, New Orleans, Chicago.
correspondents
M. d. 8AGE A CO . 42 SROADWAY, NEW YORK.
tDW. HOTIt Mto»i*r. total •"J loot Dittoed Boll PHooo tfH.