The Atlanta Georgian. (Atlanta, GA.) 1906-1907, June 15, 1906, Image 11

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The Atlanta Georgian., June 15, 1906, Image 11

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Newspaper Page TextMARKETS THE ATLANTA GEORGIAN. miriAv. jrsB 11 'Edited by JOSEPH B. LIVELY COTTON MARKET IS LESS ACTIVE OPENED WITH THE UNDER TONE FAIRLY STEADY. principal Influence Additional Sales of Spot Article in Liverpool. Liverpool.did pot give a full response to New York's close yesterday, an ad vance of 1 to 4 points having been ex pected, whereas. the opening, cable •hewed C to S points advance on fu tures. while spot was up only a point. Spinners Increased their takings to 10,- 800 hales. On this showing New .Tork did not ,se encouragement, and as a conse quence thst market opened dull with floor traders about the only buyers or "vie Initial prices were little changed from yesterday's finals,. being 1 point higher to 3 points lower, though the undertone was steady, nnd shortly af ter the opening prices were slightly higher, leaving buying by Weld of De- rembrr strenghtonlng the market. In eome of the Atlantic states com plaints are being received of too much rain, while parts of Texas are too dry. Generally, however, tho weather Is con sidered favorable. In the later trading the early ad vance was lost and prices generally were forced below yesterday’s finals. The weekly Interior movement, ac cording to Secretary Heater, Is as fol lows: Receipts, 11,201 bales, against 4t.Hl last year. Shipments, »7,1»», against *5,21* last ''Stork*, 241,472, against 241,804. overland for the week, 7,718, against KlOlSi last year, and 1,654 In 1804. Total since September 1, 007,105, against 1,030,518 last year, and 004,448 In 1904. In sight for the week, 45,017, against 108.170 last year, and 20,015 In 1104. Total since September .1, 10,524,102, against 12,508,002 last year, and 0,557, 503 In 1004. V Private Leased Wire. New York, June 16.—Business at the opening of the local cqtton market this morning wan not active, but the under tone was steady with prices one point higher, to three points lower. The principal Inflaenc* was additional sales of the spot article at. Liverpool. Con siderable selling pressure from bear sources appeared aoon after the call. however, and prices yielded. NEWS AND GOSSIP Of tho Fleecy Staple. •? Othert ft Clay. New York, Juno 15.—The market la nar* row ami local Uverpool la doing little and the room tradera who hare been bear- 52 *re covering on the unfavorable reporta from Texas. Home are attempting to con* *! r i UO a?* n * n **** Atlantic* aa unfavor* able, but the crop there In ready for rain. New York Journal of Commerce: The mar }**/ or daj was generally quiet and ataady. Seller* were more disposed to as sert their notions of the values of goods, aud In many Instances they refused to meet the views of buyers, who have been persist* ““ Tjr hammering prices for two or three A . A review of condition* made by the heads of some of the leading soiling waa observed during the day, and looked at from Its weakest aide little can be found to warrant buyers to expect any great concessions while coats are aa high aa they now are and while stocks In drat hands are not accumulating. Private Wire to Ware ft Leland. New York, June 15,-One Wall street house sold 12.000 bales of July and 10.0.U October and December In the late trading esterday. The weakness In the Mock market caused •omo Wall afreet operator* to lot go of oomo of their abort cotton. Welil waa a heavy buyer of July. October ami December, both on the break of the morning nnd during the latt hour. Cotton market op elal feature; trad, ... bought n little cotton. tllng In the market at preaent. TONE AT OPENING • .WAS IRREGULAR EARLY DEALINGS WERE FAIRLY ACTIVE. After the Opening Trading List Showed a Slightly Harder Tone. SPOT COTTON MARKET. Atlanta—Rtesdy, 11c. New York-Quiet. ILK). New Oricana-QuIct. 1l»4e. LIverpool-gutM, • 6,fl7d. • Augusta—Steady, 11 t>li Norfolk—quiet, U 1-18. RANGE IN NEW YORK COTTON. The following la tho rango In cotton future* In Naw York today: Open. High. Low. Kale. Close. I I June Jiff )»" .}0.7t 18.71 10.85-87 1M8-77 July .10.M 10.70 10.80. 10.44 10.4445 10.CK O Aug. .10.61 10.54 10.44 10.44 10.4-« Kept .10.41 10.41 18.» 14» 10.8440 18.48-M «?t. .10.38 10.42 10.»> 10.84 M.3<-* S.r. .10.40 10.40 10.40 10.40 10.n46ri||||| Per. .10.48 10.4* 10.* 1440 10.3J-40I ft roK w « » a iSSi? y'h. :iV.i« io!57 1460 io.60 ie.61-63 10.64-6* Clotcd atfadyj RANGE IN NEW ORLEANS COTTON rotton future* ranged aa followa at New OrlesDi today: Open. Blgh. Low. SataTcSITctMS Jun** , 11.00 10.9" Jnlr 11 H II W It OT 11.10 1L10-11 11.1 _ 10.66 10.664S 10.75-77 Ort. .10. XflT. tRilJ] 1ft giA iii i486 14* io.ji 10.27-a joS* 10.43 i4« i0.n 14* 143748 14 ■>h ,.,,o ........ Wiiew 4rh 10.4941 10.«-» I'foaed steady. LIVERPOOL COTTON MARKET. I prices steady. Hunting uplands, 48W. -Males. 14080; Amec . 4JV>: speenlatlon and eaport, 1.000; ra- **!&■'** , C,o». uturea ap«Kd ‘ui.--.lnlT '- r August .... Aug Kept Sept.-Oct Oct.Xnr Not lire. bee.-Jan Jan.-Kelt Frli-Msrrh .... Closed quiet. 413 6.834.84 6.H 4834.82 488 4M 4*34.12 6.824.83 6.V) 475 5.74 4714.72 6.664.18 4884.87 481 4« 6.614.83 6.68 4W 4804.61 467 6.684.* 6.84481 5.67 •.614.60 [ll}C I.8J 6.624.63 5.694.60 TODAY'S PORT RECEIPTS The following tabli* shows receipts at tha »orti today, compared with the sanm day wit yaar: 1906 1308 Xvv Orleans '•aW’MHon .. MnMie farannah J h*rl.mr.^i wilniingtofl Norfolk Baltimore York noftton . . piMeipbia',::,;,.:.:: erepert New, hmiwwiog Ijlria- I'eeit 491 9072 6 667 69 *699 276 260 ‘a7 21 60 •I- 69 1950 1*9 12S & ft! *63 1622 7<*tal 445S rm INTERIOR MOVEMENT. 1 1308 1*K naoaton ..... . i»n»ta ...*** ■raiphia „.!!!!!!!!”” fj L»nl§ J ^hriountl 209 2384 «34 647 j*>**t ) sn 6644 y ESTIMATED receipts. ,„r*. ‘?i2*a experts 1» to 400 bale*, if y. Mg actual Inst year: Oalvestna. agalast UM actual Inst year: h7'™ ; w to 1.000, .gamut 3.473 actual pacts worse than last year; crop twenty days later than last year. The Leaner Hold man Cotton Co., of Bt Louie,,Mo., gives out the following weekly report: Our territory has had another week of favorable weather, and tho cot ton crop has made excellent progresi * Ing thla i>ertod. The field* have tieeu worked nnd are now aa free from grass In nearly nit sections of oar territorv. aa has not been tho case this early In tne a "—anny years past. Along the unpe ta river rain* have t*een a little too nhnndant. nnd from aome sections In south* ern Arkansas come some complaints of lack of rain, but no I'amage has resulted ao far In either section. Generally apeaktng, the outlook Is aa good as can be desired. .few Orleans, Jane IS.—IJverpool cables are not any too favorable. An advnnce of S points hardly meets the fluctuations on this side yesterday. Rales of spots have been Increased to 10,000 bales. mill* in int* r**irrn muon oru. nni no rnln In tho western belt. Texas ta as dry na a bone. ... Iltt- __ tnrea. July held np well, hut the new crops are not particularly steady. In spite of continued nrontbbM.GIDpO tnofwypyp nothing la doing In the spot market Fac tor* have little to *ell and huyera ““ making tho rounds of sample rooms. PIEDMOlTFBROKERAGE CO.’S DAILY COTTON LETTER "win*. a l*etter feetlag Drevalled and the jsbk % continued dry weather In portion* of Texas, where most needed, and the technical eon shape. The action of the Insurance com paulee to take in/ farther In New York and farther risks on cotton „ the eastern wariheneaa may caaee shipment of this cotton else where and the local stock may be very much reduced. The market la “/nil 1 and on weak apota we believe In buying cotton for tarns. Htocks—Renewed liquidation broke out afresh In the stock market this morning. London prices showed decline* and our opening waa lower than last night's Anal iricea. The bullish demonstration th ‘ ew days In Baltimore and Ohio •ontlnued aoon after the opening, bt pressure of stock hail Its effect and that stock avropatblxed with th# balance of the Hat. The action of the. Pennsylvania sys tem In Increasing the dividend* on several of Ita subsidiary companies la given aa the reason for the strength In Baltimore .. . -** ■ —a a— controlled by the Judges look for *e and Ohio all -.ocka were off* and lease* ranged from 1 to 4 per _.mdIng suffering the moat. Tha Granger shares also came In for tbetr on renewed reports of crop damage, was currently reported on the floor that Keene and hla friends had formed an aggressive bear 'party and waa attacking the tuoat rulnerable otock*, mtrh aa llratf ig. Union I’nciflr and Rt. Paul. At thla ritlng the market Is doll and low price* of the <lay prevail. A good trading market seems upon ns. GIBERT A CLAY'S DAILY COTTON LETTER. New Orleans, ,Jun* 16.—There waa • dearth of new* from Liverpool, from which it la natural to nsaume that no dtvelopment* have occurred to dla turb the proealeneas of the foreign market Optlona closed from 3 to 3 points hlcher than tlte previous day's levels, while spot sales are assuming n decidedly better basis. Ten thousand bales have been sold today at an ad vance of 1 point. Today's early ses sion waa very quiet, but after the noon hour considerable aelllng waa Indulged In with July the center of at tack. Thla new turn' of affairs waa attributed to the liquidation of the long Interest. The weather map, de spite the fact that no rains fell In Texas, was generally considered fa vorable. The forecast for tomorrow for the western belt, however, seems to indicate that the weather la unset tled over Texaa and shower* are pre dicted for the northern portion of the state, where they are not needed. The visible statement Is again expected to ha bullish, and from the comparatively small amount of cotton Into alght for the week—namely, 46.00# bales—and the decrease in receipts and heavy In crease In shipments of the Bombay movement, seems to give ROod *™uy<)* that these expectations will be futntl- ed. But the trade pays little atten tion lo any marked Improvement In the statstlca! position of the. preaent crop, and when the July position Is finally closed, the last vestige of Influence, In ao far as preaent supplies are con cerned, will have been removed, and the weather alone will govern the C °K*" °TorV, June II.—Stocks—The market was Irregular In tone today and accepted aelllng pressure rather feebl* at time*. Tha principal Interest waa centered In Reading and the cop ier shares, with United Btatee Steel dividing Interest wltb thaaa Issues. In otthr directions there were oreaalonal displays of strength, but In the main GIBERT & CLAY *• *• ALABAMA BT. Sf: l" STOCKS. SONDS. COTTON. OAAIN. corru, esoviaiOH* MCMBCSti ATLANTA. OA. :ii-han*»JXew Or>sn* Cotton Eicbaag. l^rUJovl^Lf'iTwIstlon ‘"S". R. FAGAN, Maoasar. - —' •» — Immmi due entirely to repurchases against abort contracts, and the withdrawal of thla support made Itself felt at once thla ulna. An Irregular opening w*a fol* id l»r • wave of new selling which awent price* off quickly all over the Hat. Fitful rallies occurred from tlm« to time thereafter, but on each period of strength stocks were thrown out In large quantities and quotations would sink lower than ever. It waa a lliiuldattng market pure and aim* pie, and the pace of the decline seemed to !h* regulated only l>y the narrowness of the demand. So fat aa outside matters were concerned a good deal waa made of an accountable rise, which followed the grain markets, and some uneaalt waa expressed oxer the anaeUiamrat European centers accompanying a very shnri» decline In all classes of Busalan bond*. But apart from all thla marke; waa Influenced chiefly by Its own Internal weakness aud the general dealre In specu lative circles to get out of stocks. At the opening of the stock market to day price* showed Irregularity more than any pronounced tendency In either dlrec tlon. Dealing* were fairly active. Bnltl more and Ohio was taken In several rounc lota at slight concessions umlcr last night*) quotation. . Ht. I*aal opened off % union Pacific received a * fair degree support. Beading was active, but under pressure, losing over a point lo the few minutes. Steel preferred, which edred good support yesterday, sold of Immediately after the opening. After thi opening trading the list showed a slightly harder tone. There was n continuation of the liquids- n ln early trading that cauaeol further nea In nearly nil the active laaues. Beading falling to 113% «ud Union Pacific dropped to 143%. These two stocks Indi cate pretty closely the general rang* of the market. After the declines referred to occurred, the tone Improved gradunlli at the end of the first hour tho early. I _ wen* recovered In aoino eases, and In others alight net gains were made. The buying of Union Pacific and Beading waa eou* •birred very good. Baltimore and Ohio, which ha* been In demand from banking Interests for several days, was firm. Thsre were current report* of a coming the lu the dividend ton I per cent basla. trage brokers were moderate buyera here for London account, taking about shares. . . . . . . Governments unchanged. Other bonds Irregular. Mr. Lively haft edited Markets in Atlanta and the South for more than twenty- fivo years. His experience makes him tho most reliable market editor in tho South if not in tho entire country. RANGE OF NEW YORK STOCK MARKET Amerlcau Sugar Befitting Anaconda American Locomotlvs . do preferred American Simdtlng do preferred Atchlfton do preferred American Cotton Oil Itnltliuore and Ohio Brooklyn Ibipbl Transit Canadian Pacific Chicago ami North western Che*a|M<*ke nnd Ohio Colorado Fuel and Iron REMOVAL OF PRESSURE BRINGS ABOUT A RALLY New York, June 15.—The Run aaya: was still a contracted speculation, due to the fact that It la a professional market, wbleh Is not at the moment subject to any very striking Influence one way or the other. Taking the maos of the crop and weather newa, It Is favorable, thongh Geer* ly pu reports are of a favorable character. There large proportion of low grades. However thla may be, leading bulls for the dime at least gave support, and It was notice* abb*, too. that July suddenly rallied In New Orleans. Thla waa dne to the fact that no rain was predicted for southern Texna, thst the New Orleans receipts are « to be small and H gond many of the i deemed It prudent to cover. They covered the July nnd other months hare also. Under the drcumatances sn earl/ decline waa recovered and a moderate acl* vance took place. But moat people are awaldng further developments. Good cre- coudltioua to June do not settle-the mi ter. Jnly and August moat be heard from before anybody can feel at all sure about the alse of the crop. With reasonably favorable conditions In those monfhs It may turn out aa larg* as any ever raised. If not larger. The break In the stock market was not without some effect tlcularly aa stock exchange bouse* Yet, the market rallies wbenerer selling pressure Is removed.”—Gilbert a Clsy. New Orleans. June 15.-Times-Democrat: Bears nibbled at July, a sweet enough morsel to the price enemies' palate, yee- terdsy morning, and before the day waa done the whole bunch bad Jnuiplug tooth* • jsm; satiated, the July o coaid hardly hold Iti 'orrletl the talent baa encounu , .. More damage lurks therein than th* glanrA of a wraans eye. and quite ns much •IJuretnent" enoujh Ud.^a of aereral world ns*rgate. I n- Jnly option nt Stw York ' Ita own. Mrarpooi I* Immediate supply prob- .. Exports are pleklBk up. but th* r rrop. eliminating Texa, droughty aee- I. Is grtllak along quit* nicely. World'; le Is not dfmlnlahlog. but n real good ■on should produce so adequate yield, price appears high when compand with pretlooa year*, lint the man who Ig nores the altered relations of nrodnrer and consumer, tack* that degree of apeonlatlre sagacity absolutely essential to reasonable safety, now that the.game la against th* speculator at moat erery torn. Bof the moment the market In out of gear, but th* tone and price making factor* hare by no irnns lost their coutroi of the staple.-'— rare 4 Leland. COTTON SEED OIL MARKET, New York, Juna 16.-Th* market for cot ton seed oil waa quiet awl about steady early, rasing Mf n Httle during tha trading. There baa been a little foreign demand de veloped daring the |wst few day* at th* lower prices, and some Inquiry from soap |o so|q* qioq .CI 1S.IJ.1U; .qj, sj.gnu ;et, however, continue* rery moderate. New crop deliver!** quiet and smiting for farther developments of the rottew erno. The market at the close wen doll, with prices unchanged to Hfl lower.—Warn 4 Cine*. Meptemlier - October November - December ........ Closed steady. i nnu urni iii'riitii Chicago, Milwaukee and 81. l-aul Delaware and Hmlson Distiller's Securities rl do'' preferred.:::::::"" General Electric Illinois Central American Ice Securities Louisville and Nashville Mexican Central, Missouri. I-n id He.. New York. Ontario and Western National I^ad R Northern Paclfle New York Central Norfolk nnd Weatern.... Pennsylvania *6***»i,eaiee**a*sas**.*«e,a***»,»«****a*t*»s People's Gas Pressed Rleel Car p.rifc Itradinr ; Republic Steel Ituck Island do. preferred United Slates Hablier do. preferred Southern Pnclllc Southern Hallway Rr<^Rh p effl^:::::::::::::::::::::::::::::::::::::::::: Tennessee Cool and Iron Texna nnd Pacific Union Pacific United Htntea Hteel Vlrrluln^Caroirrm' Cbatoi<?aT!!!!!!!!!Y,!!!!!!Y,|!!!I*.i do. preferred Wabash .... do. preferred.. Wisconsin Central da preferred TIPS FLASHED From Wall Street New York, June . more and Ohio off Vfc. iWt. Action of yesterday’* market waa aug* geatlve of a shake out. aud undoubtedly there baa l« • n some Increase In the ale ft are bearish, further drives will __ .... ncased. Strength of Unltml Htatea Steel preferred excites favorable remark. Ht. Paul appears to be well held, and on fnrtber breaks believe tho good stocks •nn I hi taken on for tornn. There la more or leas agitation over fire nsuranre company mattrra nnd pessimistic crop reports, but believe tbu latter ihunld l>e taken with many grains of allowance. Railroad earnings mage a fine showing sod traffic la heavy lu all aectloaa. Look for Irregular stock market today. Would buy the rails on any such dips as had yi% 8T0CK 8ALE8. 11 a. m 13 noon ,, 1 p. m ‘i&aP:: ::::;;:: ..514.600 shares ..163,300 share* WARE & LEtAND'8 DAILY COTTON LETTER. New Orleaoa, June II.—Cotton had ■ ncr roua undertone and fluctuated rather uneer talnly above and thru well l»eb»w tha level of yesterday's closing, which left the tal ent In a more pusslfsl state of ndnd than ever. Thera eeldom has l>*en a time when dvea to either side of mote speculation, ed that the drouth continue- but private reports from there state that, while cotton would be benefited by rain, It Summary yesterday's stock market by finn* from'want 1 nV'motVtnrl*That "the Dow. Jones i Co.: "American stocks In nitl j?d" ll bi^ Ar ' WlU> * C,l ’ re onghTfnUlret-^mH^rlran'ihetr'flelS.^muj t a soaking rnln w below |Mrity. "Rnsalan Iwinda contlnne very woak In Ixmdoa and Paris on Internatloosl dla- torbanceo. "Uxci ss of merchandise exports for May raT'® 04 ' 1 off uf rrolrifht demaml tor 6 tock * In the loan "Probable non* of the gofd rant to Frisco will Ihi exported until the crop movlug period le over. "Baltlmora and Ohio weak In London. . Crop report* general v more favorable. "United States Smelting and Hefliilng earning about 11 per cent on common, but dividend thin year. ‘Northern Pacific gross Increase for May 1716,144. "Western Union earnings show 5 9-10 per cent for year. Private Wire to tflliert ic Ola/. New York, June 15.—Daniel Odell A Co.: "Developments over night Indicate that aa the late rally on Thursday waa rblefly short covering operations, the market as a whole may sag off again today, be Irregnlnr and unsettled and exemplifying the wisdom of following the trading position, for once liquidation Ts started It Ta almost Impossible to determine the exact extent liefore band. We recommend conservatism aud the tak ing of mdoerste profit* on either side of lh Inirlrnt fnr 8 hoe nfMiinl " lev# the/ are. There !* no recast serious enougn 10 cause _ _ dgement In large volume.” Uptown Sentiment: After yesterda/'s Id£ canae a materia*'!!* the boll weevl price* up, but Idy eauae a m appreciated and cl raragea of lit In would proi drop. Thla la gem becks speculation. NEW YORK COFFEE MARKET. April.. .. May June •• July August.. .. September.. ,. October .November December Closed steady. Pfjfc IJUS 6.70-6.71 S.D04.W ft.9S4.0fi S.Qfi4.10 IT" 6.284.90 6,.r«,35 •.46 Close. •.604.5ft 6.664.66 iSti 6J64.90 6.064,10 6.104.16 ITS 6.254.90 6.964.40 9.464.60 NOTES ON GRAIN Pointers on Provisions. Icago, June 15.—4 sth business In whest n Chicago /eaterda/ waa 43,000 Imshela, Including 19,000 No. 3 hard Ue under Hep- teniber In atore; 6,000 No. ! Northern st He urer and 26.000 mixed lota. Hales of corn were 100.000 nnd oats 100.000. Duluth sold 300JMO oata for shipment. The aealMiard reported no export sales. Armour sold 750.000 bushel* wheat on tbs bulge and Kneeland 1.000,000 Armour aud all the elevator people aa well aa the ship ping Interests Ifre bearish on grnln.- Tnlrty-flve self-binders are cuttlni on the 101 Ranch operated by Brothers In Oklahoma. They have 12.00! acres of wheat to harvest this aessou aud good yield. “-port* covering central Illluola aay era are holding their corn for w, i* blda last ulght were He below that e, majorlt/ of the reports on oata from Nebraska were of an unfavoi nature. Home of the good people there 'an go two weeks more YTHU88IIL Muiirnug severely: others are I**- coming tuieaay. On* of the largest grain houses In Nebraska aaya tho crop reports on corn ara good, but farmers are not aelllng corn. The weather in Nebraska 5 esterday was clear and hot, with no f let Ions of rain. A few reports said wera a failure. Reports from northern Kansas were of the mim nature. Tha whole southwest had good harvest weather, and cutting of wbsstla progressing rapidly In Kansas. Charters were made y for 160.000 bushels corn at l%c to Buffalo. Allan (.ogam after s careful Investiga tion of the wheat crop, gives Kansas 56,600.- ooo bushels, against 77,000,000 buabtls last glucose cnmpsny bought • good part of the corn In the sample market yaaterda/ •'•naw laltak tb. purrhaa., war. rrrj hpaap Inat ulght," Mill on. of th. Iarg*at raah mrn Immllora. "IV. mtut bare aiunn rain In N.liraak« anil Knnana In th. p.xt fow Aaja or w* mar gat a hlghrr uark.t on reru. The ri-porfa rpntlnii. to poino In ralh.r ImiI nn oata from Nobraaka. Mlaonnri, Illluola, linllann nml Ohio, anil It la gon prnlly ronppilol tha' rory largo nr«i of Thnt wlH ph essirdr* Privato Wire to Gibert A Clsy. Chicago. June 15.-A Braomhsll cabls •aya: <T Whcat ojienml ateady at Hil ad vance. followed later by advance of % to %d more. Hupport resulted from the light Argentine shipments, gisst Inquiry fur car goes and scarcity of Manitoba offerings. Unde - *" -- ~—“— Cot _ ........ ......... The light Argentine ahlpmenta, derreaae In the visible supply ami the strength In stimulated furthar support American s|>ota atimnU and values gained Hd. Kecord-tlerabl: "Bx xtreme nervouaneoi chararterlxeil the trade In wheat yesterday. The market finally reached a slightly lower level through a vary erratic and irregular course. Prices responded ear**- ** — nounced transaction* In cither rensraI feeling lent. Bulb bill ■UfreX ones. I^>ng wheat from miscellaneous out- alder* came trickling Into the market moat of thu dny, aud this was prolmbly tbs ds* elding force. Price fluctuations In corn were frequent and Irregular. There waa general and oc casional reckless overselling at the outset becuusu of heavy ralna over night through all the corn territory seat of csntral Mis souri nnd Iowa nml l»ecauae of large ac ceptance* by the country of bids sent out the previous evening, wells, Cudahy and a few of the larger locpl tradera picked up considerable corn the early break. Thla developed a stringency In the market, which frightened the early sellers luto a atanijNsle of buying and ran prices lute the highest figures on the rrop. Toward ■ M.M,* K W real sales by longs wiped out moat of day’s gain. Although there was • week end lower start In oat a on a rash of selling bees use of rains over night In most needed districts, there wns every Indication of natural con gestion In July. Its price advanced so r *at after the early decline that the lead- ng long found It necessary to sell a little to prevent a runaway market. The July strength was reflected In a less radical degree In all other months. Provisions wars slow nnd the market ahade asaler. There waa a big run hogs In the west nnd quit# nn s< tlon of product dt WHEAT MARKET STARTED HIGHER LIVERPOOL SENT UNEXPECT- EDLY FIRM CABLES. Small Argentine Shipments and Continued Drought in the Southwest Factors. By Private Leased Wire. ■ Chicago, Juna 188—Wheat closed 3-t -8c higher; com waa up l-!(i.l-l< ; oata gained 7-801 t-2c, and pruvl*l‘>na ware 64»S5c higher. ■ Nebraska la now tha only atate wh*ra drought condltlona are atlll prevalent. Rain* ovar the remainder ot the winter wheat belt have made wonderful changee (or tha batter, and th.- < mp K emlsea. with good weather, could rdly be Improved upon. Thle change In the outlook caused the long* to noil freely, (earing that the movement <>t the new crop would alao be a (actor In price making. Com and oata rated uneettled end showed th* effect of profit taking lute In the aeaelon. Primary recelpta: Wheat, 347,00# buahela, and com, 771,000 buahele, < om- pared with 836,000 and 444,00 buahela, ectlvely, a year ago. earancea were 184,000 buahele wheat, 21,000 buahela corn nnd 6,onO buahela oata. Caah aalea here were 40,000 huxheia wheat, 10,000 buahela com and 115,008 buahela oata. Cleamcea at eeaboard 1 load* wheat, 4 loads com and 100,000 buahela oata. CHICAGO GRAIN MARKET. CHICAGO CAR LOTS. _ aa a 3 t nnd quire a urlng the laat week here." arenmnla abarp break In price, members of tb* up town perty are Inellned to look for aome today, though lb* majority of them no mean, certain tligt It will Im aloed. The eonaeuaua of opinion I* tho market will continue Irregular, and rather unsettled, for the rest of the week at leaat. The general fell In price* any rung* reaterday In fund urn —.. r nn It rad new I tb* enmutlt- menu on the long aide of large, apeculatlv* aerred to lurreaan v«ry 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. * JULY OATS EXCITED IN NEW YORK MARKET By Private Leased Wire. New York, Juna 15.—Ricltement In July oate nt Chicago thla morning monopolised th* attention of lh* grain market at the opening. From laat night's closing basis of 181-Sc, they were rushed up by th* ehort* to 41 l-2c In th* first tan minute*, after which they reacted Ic. The other market* responded with advances. Caught a 8*a Serpent. Prom The New York American. After enjoying fin* boas fishing In the street* of Harlem, lh* boy* of IhAt section of Manhattan yesterday exhlb- dlsplayed I house. With the Iridescent colors of the market waa heavy, with only such nervous rallies aa appeared to be occa sioned by the covering of abort Inter ests. Apart from the effect of a more serious crisis In Russian affaire, politi cal and financial, foreign monetary condltlona arb extremely favorable, but today's news regarding tbaaa matters waa extremely disquieting and the In fluence must be allowed prominence among the cause* at work at thla time. The money movement of th* Week In dicates again the banks of $1,000,000 as a net result of sub-treasnry and In. terlor operation*. There should be no great Increase In loemand the state ment tomorrow can hardly be an un favorable one. Sentiment on th* mar ket ha a recently, from various rauaes, become unfavorable, and though the clone of the week finds fundamentals In good shape, the Incentive to more than most casual operation* doe* not exist, - the market atUl remains In Prank llewklu. President. Joseph ^ McCort. *Caehl»r. Third National Bank Capital $200,000.00. Surplus DIRECTORSi Prank Hawkins H. M. Atkin***., Joeepb A. McCord. $300,000.00. J. II. Nnasally. /• y r r.. t r“- Derid WwieirA ■ dtp outside of ■ reptile th* from It* mashed head, th* reptile waa hauled out of th* river by Intrepid email boy*, after It* discovery by Captain "Bill" Woods, watchman on the Third avenue bridge. Wllh the well-known method* of th* Court of Boyvllle, the youngster* proudly car ried th* huge serpent on ten barrel elavea through the street* of upper Manhattan. The appearance of the snake pro cession In rrnnt of a cafe at Lealngton avenue and On* Hundred and Thirtieth street created a small-elaed riot among the habitues of the place. They all de clared that lh* reptilian specimen measured at leaat 80 feet and that It grew In alia aa It was observed. With due appreciation of the occa sion, the policemen along th* line of march failed to make any demonstra tion against th* snake bearers, and the procession moved, unmolested, along One Hundred and Twenty.elghtn street Into Park avenue, to One Hundred and Twenty-ninth atreet, to Lexington ave nue and On* Hundred and Thirtieth street. Largo crowds viewed th* rep, Milan wonder, which waa declared by all to be th* longest leviathan that ever languorously lay upon the limpid waters of the Harlem. Part of th* akin of the reptile was confiscated by Electrician Hultsren, of th* Third avenue bridge, who ha* con structed two Ilf* preservers therefrom. Today. Tomorrow. Wheat r, m for* 4ri oats Ill l« ll'-aa 30,000 IS.ni) LIVERPOOL ORaIn MARKET. Wheat' opened 14 blatter; 1:30 p. in., >< ta K higher: rlnecd H lo V, lllsheK Corn opened nneh.nged; l JO n. tn., -4 higher; cloned % bfsber. NORTHWEST CARS. Following t.lite gl.ea the nnilhweat ear* of grain today, laat neck and laat year: I .a at teat Today. Watk. year, fllnnrapoll* 151 131 Ml Chicago \ , PRIMARY MOVEMENT. The following figure, give the primary movement nf grain; Wheat—Reeeljita today 347,000 lOtahela. ngalnat 286.000 Imahela laat year: ahljmi.uia today 112.000 bnabela, agalnat 286,000 buahela bat year, Hawthorns, he who wrote tb> "Scarlet letter," found hla great**! d-lljin In read Ing over nnd over the nrt\. ri|.etnrnt. In «dd newapnper file*. He Invariably waah-d Me hand* before reading <t letter from hla wife. Handel, a Merman jnualelan. wrote at a hreak-neek *J>r*d. It"' threw the luann wrlnt from ita table aa rant na he could rrlfe. ||n often wept while rompealng. aud ■seh of hla writing la Unload with teara. Washington Irving, lh* great novella) of oar own country, received * lifetime blow In lh* denth of hie l.-nee*. lie never after ward mentioned her name If any one • I.. did *0v bo it one* left the room. Oliver Wendell Holmee. our own Auiari- an |iti/*1rlon, po**t and was a R rioce la letter*, nnd jet be rnrrled r po- itn In one poeket and a *■hcstiuit In tb® other to keep off rheumatism. SOUTHERN EXCHANGE Oldest Established Office Bouth. conox—STOCK I0KDS SUM Ground Floor Qould Hultdlng. Dally . ' :-•■■■ i:l m.irk-t manual mailed on aDpllcollon. L. J. ANDERSON & CO Bankers and Brokers, COTTON, STOCKS, GRAIN Correspondent's Capital 9250,000 RCrCRENCC. THK NCAL BANK PHONE «4«T. PNUntNTIAL BLOC WM. la. VKEt* Prei BOBT. r. MADDOX, Vlra-FraA THOR. J. PEKPLER. ('ashler. JAR. G. LBJfTER. Aaa*t O MADD0X-RUCKER BANKING CO. CAPITAL $200,000.00 SURPLUS AND PROFITS .... $500,000.00 ACCOUNTS INVITED We invite acoountfi of individualfl, corporation!!, hanks and bankers nnd offer the best terms oonniiitcnt with ooiiHcrvativc banking. In our 8arinjrs Department we allow Interest at tb% Hate of 3 1-2 par rent. Compounded Serai-Annually. Mm Oritaat. COTTON^GRAm, ^ROVISION'sHtoCKsPbONDS, St. 2 Natl St.. Mara Bamiaf. tttaata. da. HlMBliS: M«w Yatk Cotton htiaogt CkUajo Bwd $t Traia. Haw Orlaaas Cottoa titktaga. Utaroool COIN BaaecJaKao. ^ hhata Wirci to haw fork. Haw Orfaaai. Chkaf. Ball Ptoaa 1242. • Standard rkooa 236. PIEDMONT BROKERAGE! CO., (Incorporated.) Bailment Floor Piedmont Hotel. STOCK*. ttONOft. GRAIN. PSOVltiONS. INVCaTMKNTO. Fast Wire Service from New York, New Orleans, Chicago. coaarfteoNOtNia M J. SACK A CO . 43 BftOADHAV, NtW YOSM. IDW MOTH Mt tjtr la<a> •”* Lang D.staata Ball flftftft IMI.