The Atlanta Georgian. (Atlanta, GA.) 1906-1907, June 08, 1906, Image 11

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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.