Newspaper Page Text
THE ATLANTA OEOROTAN.
won-day. irxn w. iw».
MARKETS
Edited by
JOSEPH B. LIVELY
Mr. Lively has edited Markets in Atlanta and the South for more than twenty-
fivo years. His experience makes him the most reliable market editor in the
South if not in the entire country. .
COTTON STEADY
UNTIL MIDDAY
AT
that time prices
broke sharply.
Becovered
Trading-
Condition 84.3.
Partially in Later
Miss Giles Makes
Liquidation and ■filing by > few
prominent broken, off*ot a good Llv-
w ,ol this morning In th« New York
■trket.
The *ales ot a pot cotton In Liverpool
pi mio bale* at an advance ot
points h*s a bullish feature, while op.
H„n. at the opening were better than
p u(t showing SOS point* advance.
The close In that market was lOt
Mints higher.
-The New York market opened lOS
Mims higher and hung around first
uriirs until midday, when a sharp
{rtok took place on selling, supposed
in lie for the leading bull.
There was som* recovery later, but
the market was very dull and pro
fessional In character.
The spot markets are quiet, with a
fair demand reported and offerings
scarce.
Dry weather continues In Texas,
ahlle moisture Is plentiful In the At
fajitle Htatea.
.Miss ones makes the condition of
the crop 84.S.
Br Private Leased Wire.
New York, June 1*.—The cotton
market made a poor response to the
rabies, starting only 102 points high
er. The list was affected by selling
pressure from two or three prominent
mom traders. By 10:20 o'clock, the lo
cal market was a trifle ateadler.
SPOT COTTON MARKET.
Atlantn—Htenily. lie.
New York—fillet. 11.10.
New Orleans—Quiet. 11 l-Mc.
Mn-rpnol—qnlet hut steady, *.lld.
Antu.ta— Steady. 11 t-Mc.
St. Mill.—Quiet, 11 1-1*0.
snrttniuth—steady. 11 Id*.
Norfolk—Quiet, Mftc.
RANGE IN NEW YORK COTTON.
The following la the range In cotton
futures lit New Y'ork today:
I SI st Prerlous
open. Hitch. Istar. Hale. Close. Close.
lime 10.5AM 10.11 JQ
lull- ,10, *5 10.M 10.60 10.54 10.54-55 10.044
Attic. .10.51 10.53 10.4* 10.60 10.4*40 10.5041
kept .10.(7 10.47 1».4I 10.45 10.46-40 10.4*45
(let. .10.41 10.44 10.37 10.44 10.4344 10.4041
Nov. .10.40 10.40 10.40 10.40 10.43-45 10.4041
to-.-. .10.44 10.60 10.42 10.40 10.49-60 10.
Jan. .10.57 10.54.10.47 10.53 10.53-54 "
Keli 10,51-55
Mill. .10.01 10.61 10.U 10.56 10.41-43 10.69.
dosed tteody.
RANGE IN NEW ORLEANS COTTON
NEWS AND GOSSIP
Of the Fleecy Staple.
rrtnt* Wire to Glbert k City.
New \ork. Juue 18.-Thera la very little
business doing. Market la steady, with
eraryone watching the weather. They are
?«ISrabfe t0 Ulke *“ ie * , °y* n * aide *f It turn*
Norden baa been pounding the market all
crops! 0 *’ IIuttou some of the new
"Steady, until mar
The Journal of'Commerce aaya: Trading
was quiet In the market on Haturday. It
was a abort day, and the stormy weather
affected the near-by jobbing trade. The
price revisions of the week were talked of
considerably, and others are anticipated.
Buyer*.are now Maying that the price* hare
been too h'-‘- “—* *- *- * * *
ill while __ ,., MUt
the costa of goode they are more willing to
take larger stocks on hand when the v#i~
top price* are not Mug forced on them. ..
will lie seen In the neat few weeka how
buyer* will regard th* concession* that
hare been made. « ' —-
aetler* regarding
realised.
New Orleans. Jane 18.—Liverpool S points
ip Is letter than expected. Wss due about
point higher. Hcptember sales of 10,000
ales should attrack attention, constituting
a strong argument for sustaining prices.
' Spartanburg, ft C., wife*: "Weather line
here; cropa look good."
ness to the bullish circular
The following la the range In cottod
future* In New Orleans today:
Last Prerlous
Open. High. Low. Hale. Clone. Close.
June 10.M ........
JhIt. .11.19 11.19 10.17 11.97 11.09417 11.094)9
.10.70 10.70 10.90. 10.61 10.9MB 10.8448
10.4840 10.46-47
.10.84 10.89 10.80 10.89 10.39-89 10.81-82
\«v 10.88-3* 10,83-86
lv< . .10187 10.40 10.13 10.39 108840 10.8649
hit. .W.48 1048 10.40 1090 1044-49 10.4041
M.. ..1 10.42-49
Mrh 10.6844
Closed steady.
LIVERPOOL COTTON MARKET.
In npnt cotton moderate. ...
Middling upland*, 9.lid. Salem 10,000; Amer
lean. 7.000. Speculation and export, 1,000
RfcHpta, 4.00); American, 1,600.
Futures opened steady.
Opening.
homa being the only Interior point report
ing a fair precipitation. On the Atlantic
aeaboardx rains are again retiorted. but
Texas and the balance of the belt ora dry
and generally clear.
The spot situation la remarkably quiet,
due b> the aenretty of offerings. Probably
all told, not more than BOO bales have been
traded In.
The local traders are attempting to sup
port the market, but there Is no question
but that some of the Insiders have been
free sellers of July for the psst few days.
New York wires looks like Price has been
selling there.
Private Wire to Ware k Leland.
New York, June 18.—The following cable
from Liverpool: Alfred Hoo. returned yet*
Thrr< , lg m better spinners' demand.
— ...Je room for any decline unless the
weather Is perfect to end of August, as ths
visible supply must each week rend very
bullish and with enormously Incresed spin
dles beginning of season should lie no qties-
“on about consumers taking 1*600,000 next
•aeon If supply Is available; j,
Mohr sold 3,600 October At 10.44 to Cone.
..... .. bales, compart-
With 88,903 a week previous, which shows a
decrease during last wsek of 4,919 boles.
Rales of 10,000 bales of spots In Liverpool
are a feature that ought not to be over
looked.
free offerings. Hulls are not
run the market .up. gt present, rfpots are
Inactive. There Is no Improvement In of<
MOVEMENT MIXED
IN THE FIRST HOUR
SUPPLY OF STOCK IN SEVER-
AL ISSUES CONTINUED,
Supposed To Be Liquidation of
Some Large Speculative
Accounts.
Jimp ........
Jllllf .Illl.V ...
July-August
Aug.-Kept, ..
Kept. Oct. ..
t N't.-Nov. ..
Nov. I ice.
ItovJan. ...
Jan -Felt
Fci* .March
Hcacti quiet but steady.
... Prerlous
Range.- Close, Cloae.
6.864.88 6.86 6.84
6.94 6.844.86 5.83
6.844.86 6.84 6.88
6.714.76 6.78 6.74
6.69 . 6.484.91 6.91
6.914.93 6.98 5.9)
H IS
6.98 6.90
6.64 6.91
TODAY'S PORT RECEIPTS.
The following table shows receipts at the
ptrta today, compared with the same day
N**w Orleans
(ialYi-Htnii
Mobil,*
tavannnb
nwrlcNton
Wilmington
Norfolk
Baltimore ..........
York
rhllmlclphia
8*a Francisco......
Totnl ........
INTERIOR MOVEMENT.
Ilana'nn ..
August* ...
Memphis ..
**• L>uIn...
flnrlnnatl
COTTON SEED OIL MARKET.
N.n- York. Jus, 1*.—Th. market for rot-
™* '-•'-<1 ‘01 darts* th, psst wrek hss Urea
■i'aoliitpiy drad. tkrre lirtug Mill, or no
r-nauniptlT. demand. Jon, la uaurtl/r th.
“I 11 '*' month of th. ye«r In rollon nil nnd
•» - lid. da to, nnd this ha a hna nrwn-
JS**"d St Yhc prenent tin. hr tho feed.*
tkat there la jet to he ronalil.rahle llcltu-
datI..-, „f th. July option, sod with lh»
JO ! . on-untptr. demand It leavre th. m*r-
™ "P»n to mnnlpaUtloo. than rnnalnx both
•h*“ilator. and rnnntnwra to bold off.
*5*' , ta* the flnnl remit of th, deliveries
"L 'hi. July option. With thro, Joljr delta-
Out of the orav w, believe th* mar-
«-< will eventoallj wort hart to tto ter-
m»r level sad eveu go hl*her.—Ware A Le-
!*f*i«#r
xvietnfmr
'*^>m)***r
•I'Wed atetdjr. " '
PIEDMONT BROKERAGE CO.’S
DAILY MARKET LETTER
New York. Jone IS.—There w,r, 10,006
Italra of spot baalneea In l.lverpool thla
morning, snd prlrea wore fully maintained.
Future. were alendr and rente aa about
due. Oiir market
vsnre of 1 to 2 |
ie Ini
renmi
wTOi in the end. and If aplnnera' takinga
are eontlnued on'the asmo arni, until snd
of the season wr will go out of this cnip
with only 340.000 linles, the antalleat on rev-
on|. of ronree there will Im> atm left n lot
of undesirable cotton whlrh spinners ran
not ore. W. do not took for aur extended
brer movement. The market, we lielleve,
will he governed lejr weather conditions
from now on. Aftrr the noon hour the
a few points, on suen weak spots would
bur for sculps.
I.fquldstlnii, which ha*' Item going on In
the stork mnrtrt for tlir pnat live dura,
seems to have run Its rourae this morning
snd ati|<|iorttag order, were In evidence ana
few stork, were pressing for ml, after th,
opening. Opening price, were the lowret
In most rases, ana n sharp rallr occurred tn
those storks whlrh bar. declined the most.
An unfavorable feature of th, hunk state*
ment Katurdar wns the Inrreaa* In the Ions
account of nearly a million dnllnra. follow
ing a week of llqnldatlsa. which looks as
If the banka were hnlldlng up their re-
aerrea against the fall demands and the
srmlsnnosl dlahuraenienta are also llhelr
to esase farther hardening of the monei
rates. The market Is-Is a scalping condi
tion, snd npimrtuultr should lie taken ad
rentage of to bay stocks on ths breaks.
WARE aTeLAND'S
DAILY COTTON LETTER
New Y'ork. June 15.—Liquidation In July
cotton was the feature of the market from
the opening. I'mfesalnnnl operator* saw.
to cut the market away from them miters,
and the remit wan weakness from the lie-
ginning. July opened from I0.S3 to I0.M
and Intrr on sold down to ID^e. Thera
teemed to lie an almost nnllmltnl quantity
of July for ante, which was Interereted to
mean liquidation hr general market latar-
ests In the Jnly option before notice day.
This decline started * break In New Or*
leans, where July randown to below Ur.
There It * general feeling thst there Is
more liquidation to rome In Jnly before the
Brat of the month, na there la n large stock
tn New York and new losnranee regulations
will require eipenae to rarry-cotton. Aa far
as weather In concerned, the eastern bell
received leas rata and there were sow
prospects of showers In north Texas. Mould
the eastern bett rerelvn sunshine sad Texas
rata, the market could bn expected to work
ESTIMATED RECEIPTS.
THE METAL MARKET.
By Private Leaned Wire. . .. .
New York. Jnn* 1*.-Ttn Improved Hr In
spot and near by deliveries In aymaptby
ffith the strength la th. foreign market.
Copper was quiet nod areedy.
Irtd and spelter ware neglected.
Weather and Ccop Notts.
Chicago, Jane 15,-Knnsas .City wires:
• NImjIcT came frem„ I'himp.bar*. K*n* .
Kanaaa (Yty over Bock Island yesterday. ,
aeys corn it d* good -h*Pe f ml wH1
cultivated, mat rather small. Kabs wire
general fear night akrnM the Bock 1
fines from Denver to Kaasaa CIty. and It
will pat corn Is good condition. B heat
lietter Ithan he expreted. and country not
aa dry looking gs reported.
, Omaha. June lA-IIeavy ealaa fell over
I entire state tart night for eight boon, fflv-
— -. . . ' tag Nebraska the moat thorough wetting of
S-»J*rt Stock Bxrhange|N.w OrleaaaCrttsn Etching.. JJI-«»>bsrdrt Trade. yrera. Italn ram, at u Hnre wh.n iwrn.
York Cotton F.x'*hancp]$C*w OfW»— b^ork Anwrauw wlN^it >*<i erope mere badly !■
Ar» Yor, CoCre \ew ortrem Board of IrO. !Oalv«ton Crtim Etehaag*.!^ j- „qj, , t cTred>rtmes damage, to uM
■ ■Hraie Wt-oa to .11 Licbaages. . .crop, except out*, which hnra nlrsnay saw
L.c.1 snd Long Dl.Unsi TsI.phsM «»*. ZZ V. R. FAQAN, Msnsgsr., ‘u.md remlderabl. <Umagw
GIBERT & CLAY
** «• ALABAMA 9T.
STOCK*. BONOi,
COTTON. CHAIN,
corrcc. provision*
MCMBCBSi
ATLANTA. OA.
B? rrlvnti* lassseil Wlrs.
Kern %‘ork. Juno 18.—The situation
luurnlnc In all tho ossontlsls lu whloh Wall
atroot la most Interested was undoubtedly
brighter than It seemed at last week's
clone. The European markets were quick to
take ante of the«turn for the lietter. There
waa all around a ateadler undertone at the
continental centers, and In London price*
went higher lit all department*. Opr local
bank* gained In their Haturday operation*
with the sub-treasury and ataried the week
with n total credit of $860,000. Money rates,
those-for cull loaus especially, mere shaded
a fraction. What waa of more consequ
than anything else, however, the news 1
“ grain eouutry over Sunday proved U —
ar the most encouraging In some little
where drouth had l»ceu doing most Injury,
and advtcea received from private sources
during the morning all told of better condi
tions existing. \ . •
Du this coru broke 2c a bushel and wheat
traders to "cover" freely, and, In addition,
a fair amount of support appeared from
more substantial quarters. I’rtees under
these purchases rallied quite sharply.
The stock market for—the most part
showed declines of ^ to Vi In the early
dealing*. Pennsylvania )s off and Hnielt-
Ing also lost M per cent. The Initial prices
In Atchison and Missouri Pacific showed
declines of 44; Ht. Paul *fc. then reacted *
Haturday'* close again. Htoel was off
and the preferred lost H- Anaconda opei
’^>w*development* over Hunday and so far
today had a bullish tendency. The price
movements In the first hour were mixed, how
ever. there Iwlng a continued supply of
stock In. several Issues, supposed to 1*
liquidation of largo speculative accounts.
Heading dropped under this filing to 128%,
but later rallied again. Ht. Paul moved In
about the same way. There wps a better
commission house business.
Governments unchanged; other bonds are
quiet.
STOCKS REVIEWED
BY NEW YORK SUN
New York. Jane 11—The New York 8uu
any.: The eabetantlal and fundamental
■mints In tin’ situation today stand oat
I-Iearly. It people are not buying atoeka
the market la one over whlrh no Inrge vol
ume of llqulatton appears to Im banging.
The YVnll etreet rouimlaelnn honaea who
point to their offices bare of cnatomera and
complain on the one hand of aenretty of
buying orders, atate on the other that they
•re carrying almost nn atoeka for ellruta,
that they do not thua have to tmrrnw large
nniounta of money and are therefore In ex-
rredtagly atrong ebipe. There la not the
slightest abatement In general hnalnees
throughout the land, and our foreign trade
keeps up nptendtdly. bidding fair tnlfl year
to aurpaia nil reeorda. The outlook for
the crop*, although not perbaiM ao bright
aa It waa a month ago. la attll for a full
overage yield of the leading grains. The
preparations for fall and. winter mercantile
liualnrm, based on oefoal ortlera for goods,
ora greater than erer hefore known, and
there ta every promise, that the output of
the mills anil manufacturing rstahlloh-
nienta of all kinds will lie parted to Ita
Utmost capacity for a long while to come.
. ATLANTA MARKETS.
FRUITS AND PRODUCE,
officially corrected by Atlanta Fruit and
Produce exchange. _ _
I-emons^WYO-to 16.75.
i ; taMpplea n »2.M t« I2.50, market at prerent
me well atocked. .....
Bananna. atralghta. per hunch 51.54 to
.75. rulta. tier bunch. II to H.25
Htrawlierrlra. tl curate stock. 3«-<lu*rt
crates, 61.60 to U; Tenneaaea II to 11.60
'‘poLXTHY AND COIINTBY PBObOCE.-
IJre hena 15 to «Hc: frlea 2754, to 25et
lirotlrra 16 to !*4c. iJve ducks, rekln »
to afiir: puddle 25 to 27t4f- .. ,
Dreaaeil hens, per lb.. 13c to 12c; draread
turkeys, per lb.. He to lie; .eery dull.
Km, per doxea, 1714 to 15c. '
Batter, ruble, per lh..
o*. per lb.. 1!Y4c to 15c.
Iloncy-New ioi
^Y'KOKTABf.BII.—Irish potatoes. No 1
stock 54 50 harrel; No. 3 stock 13.50
,0 Beet«, cabbage grated per crate I3.J* to
^'romatoes. per crate. 13 In tt.U.
26 to 2314c; cook-
iioc lb.; In I-lb. racks 10
RANGE OF NEW YORK STOCK MARKET
Anterlmn Sugar Ue/lnlag.
Auarond* r.
American Locomotive .Hi.
do preferred
American Hmeltfng Kedulny
do preferred....
Atchison
do preferred
Ami rKsn Cotton Oil
llaltlumre ami Ohio
Brooklyn Rapid Transit
rnnsillsu l*arlflc
Cbb-ago and Northwestern
rhesapeake and Ohio
Colorado Fuel and Iron
Central Leather*
do preferred
Chlcaxo and Great Weateru
Chlcsfo. Milwaukee and Ht. Tanl
Delaware and Hudson ......a.......
Hlstlller's Hecufjtlea
do preferred.*
General X.!«-rtric
Illinois Central
America n Ice Hecurltlea
laoularlll* and Nashville
Mexican Central
Mlaaourl l*ac!tle
New York. Ontario ami Western....
National Lead
Northern Pacific.
Pressed Steel Car
do. preferred
Pacific Mall
Heading
Republic Steel
Rock Inland.....
do. preferred...
I'nlted Htatea Rubber
do. preferred
Southern Pacific
Houthern Railway.
Hlosa-feheffleld
Tennessee Coal and Iron
Tex** and Pacific
l'nIon Pacific
United States Hteel *
do. preferred.....
Irjrlnln-Carollnn Chemical
do. preferred.....
Western Ualou
TIPS PLASHED
From Wall 8tre«t
M may go soiuewbht lower. Ths buy-
ug of the past few day* would Indicate,
bowerer. that atoeka bars gone Into good
hand* and a aharp recovery would not Iw
aurpriatn*. tn which event would take th*
short side.
Fine rains In Nebraska and Kanaaa will
3 much toward relieving fears of crop
damage, and nhotlld 'ItMfice abort* to cover
Id western r*Us. Hentlthent In Wall street
* i»arl*h. however, hut n continuation of
j*Hilown buying should soon turn the
market sharply up, although with money
conditions not so good and the absence of
the public It may be advisable to sell stocks
on quick upturns.
American stocks* In London firm, mostly
H to % above parttr^j
ft»r .Seattle ou June
12 per cent on common stock for the
Is tl)e basis for the strength of that
Twenty-eight banka reported an lucres*-
and twenty-five decrease#'In logns In t!
(wok statement.
National City bank decreased loens $8,471,
MX).
Twelve Industrials declined 1.38 per cent.
Private Wire tp Glbert k Clay^^*^^
New York, June 18.—Maiilel Odell A To.?
A close study of the latest factors Indicate
to ua that the stock market has deveto|»ed|
unexpected weakness of position. A record
err mny occur before the anticipated >>c*B
l*h operations are resumed effecting
lid therefore adhn
poaltlon. selling < I
the reactions. In accordance with Its
rules, for moderate profits until the uuf
certainty Is eliminated.
missions
theoretical
reviews.
ii, epaocr or t o.: ixenriy nil uia
of the jnarket this morning art
i), as fellectetl In the newapapei
The market la railed a whlmalca
traders apd nothing definite enough In the
way of crop, flnanmalNMri|||nAMH|B^m
taken place
financial or political news baa
to either ereatn more general
I* eontt-
■HHiiHRMinn IMWIIPMIP
deuce In values. It b pointed out In nearly
all opinions that the condition la simply n
repetition of what usually takes olaee In
the early summer, and from about the aar~
Goadv bought 6,000 and Harriman 10,000
ither not taka on
STOCK SALES.
II *, m.. .. ,. .. ,, .. ,. J5A.7M nbarex
<3 noon 553,000 ahai
I p. in Wl.nin .lint
' p. in a4a.loo ilinrea
Total 1,123,300 abare.
60 to
Hquaah. vfllour. It to tl-25; urblta 75c
to A: niarfc.t nv.ratock«l-
Corn, n,ur. 15 ta 30c p,r tloren.
Okra, vrr rrat,. I1-50 to 13.
Cucumli,ra, par crate, 50 to 75c, market
writ Btockrt.
IVachra, per crat,, |1.» tn 11.50.
(ltd Irlah potatoca, per buabel, 11-35 to
11-50-
Harret potatoca, per hurtcl. It to W.26.
Hplnarh II tier tiuahrt.
1214 to *
Aaparaaua 1214 t” ISljf boqjk.
I’rairhni. per oral,. II to 51.60.
Cherrlm, 24-qnart rral,, g.50 to 13.
sasK^o^-s?*"-
■TlOU?. ORA.ITpaOViSIONS,
PLOL'R.—Poofela Elrtant I*.*; Dtamood
K tent 55: fancy patent 15.10; half patent
10 tn k4.»: fancy «.»: aprlng wkaat
patent «.50«a. Markrt atroog.
CORN.—Choice red col. 7ac;_No. 2 whit.
let No. 2 yellow %: mixed T>.
OATH.-choir, whit, cllppml - lie; chotre
rhtt, 60c; .-hole* mixed t*.-. . . ,
MKAf,.-Plain water gnmnd, — —
t'LOVEB.—Cholc, 10c.
The above prlrea an f. o. b
aubject
Yi«7d 8 7»4«l2mY,. JK
M rofVSE—Eoaatad ArtncMafa IjAIO:
balk, ta ban or barrel*. l!%c; green U to
‘^RltTL^Carrttaa *414 to 714*. according to
grade. Market very atrona.
'-"IKF.MK.—Fancy full creetn data lie;
it 131ic: brteka 4c. Market atroa*.
. JOVIHIOXH.—Hunrenre ham*. HMf. Cal
ifornia hamn PJl4r. Dry aalt extra rtba 6.75.
llrttre Si LjUl/tt horka XM ptatea
IJO. ^Hojtrrme lard 16. know Drift coax-
YVSI. I„ I'EKL, rrealdsnt
BOUT. r. MADDOX, Vlce-Prea,
TIIOH. J. PRRI'I.EH, Caahler,
JAM. II. I.F.RTEU, Aaa't Caahler.
MADD0X-RUCKER BANKING CO.
CAPITAL . . . . .
SURPLUS AND PROFITS
account* invited
$200,000.00
$500,000.00
We invite accounts of individuals corporatioim, banks
and bankers nnd offer the best terms consistent with
conservative banking.
In our Saving* Department we allow Internal at tho Rate of S 1-1 per
cent. Compounded Semi-Annually.
HAVE YOU ANY MONEY AHEAD?
la It Inreated whom It la perfectly aafa?
Ia It available now If FORTUNE! abould knock at
your door?
Prepare youraelf to take advantage of opportunity
by lovaaUoc your aavlngx In thla bank, where, they
will earn *H per. cent COMPOUND INTEREST, be pop
fectly aafe and available practically on demand.
CENTRAL BANKS TRUST CORPORATION,
CAPITAL
$800,000.00
Ala Q. Candlar, PraaldanL
W. H. Pattaraon, Vice-Preaidant. A. P. Colaa, Caahlar.
John 8. Owcni, Vioa-PraaldanL Wm. O. Owena, Aaat. Caahiar.
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.
NOTES ON GRAIN
Pointers on Provisions.
^ Kvarybody la atlllng oafs on rain*; fair
buying or ftrpteiutwr arouad 37c; thluh
had auout break enough.
Provision* a shade lower with low#r grain
market. Trade very light. Weateru pack
er* sold a little lard. No feature.
largest Hoe*, )M>ugbt from 9fr* up. I* aald
to have sold out. The largest bolding has
been by lvavey. who I* m' * *
Hviiteiulwr *ohl agaluat it. 1
a line held by Kfinore, the i
or 14^* ulHtve the low
month. Tho Northern ~ ‘
hleh I* said to have
Id to have the
There vai aUO
m I eastern distrib
utor, with Hepteinlier sold again*! It. There
U another larg* speeutattve III " “ * “ *
local mart, who la also long a
Hepteinbm*. lHamiMlng the
U*t night he said: "The crop
need* rain all over oat belt
not g#t It within a week prices are going
higher aud we will bar# a short crop that
will make oata aril between 46c and 60C
all *e*aon."
Mo*t of the
mro aud oata la In
The outsider* are doing an unnaual amount
of It. It mean* that they ar* In for a
long rampalgn on th* bull tide, a* they
will not have to change It for month*
nnd will tet the t»oneflt of the advanee tha.
i-nmea In the next few month*. There has
been ho »»eb bullish sentiment In th*
c«Mir*e grain* In *everal ye*ra «* In th*
last few week*, and while rantlous trader#
have looked upon the market aa going a
Jit Go too f**t. the great wave of specu-
latlve buying ha* carrle«l the price up. nnd
the local traders are not looking for a
decided break until relief come* In tha
shape of good rain*. Thera la drought ft
Argentine. A Rueuo* Ayre* cahfa said-
"New crop of llnaeed reported damaged by
drought."
. Cash htialne** In wheat In Chicago Satur
day waa confined to a few carlota to mills,
There were Inquiries for No. 1 Northern at
96c over July In store and No. 2 bard
SqStyc under Haptemlmr.
Hale* of corn were 10,000 bushels aud
60.000 bushels.
Tho aealKMrd did no export buslens* and
there were no charter* rejiorted here.
Au eastern exporter who. never*! w**kl
go. Iwuglit n cargo of oat* here ant.
nipped-ft lake port, remtld It yesterday In
4»*ton at a profit of lc. •
CommUnlon people are telling their clients
that If they want to buy wheat ttitake the
December and May.
Ht. laouls (dalum that there has l*ecn more
flour sold for export by miller* there this
week than th» latter ara willing to admit.
Private Wire to Albert Ac Clay.
('Iilcago. June 18.—The breaking of
drought throughout the aonthmimt will not
only repair any damage to date, but will
R rove a solar plexus Mow to the eleventh
our bulla who had l»een figuring that na
ture would fall to do her duty by this
glorious country of ours. Would not Ihi
surprised to see a instefj*'^ ‘ “ **'
out tho entire district.
throughout northwest,
Dodge city bad lVi Inches rain.
Kansas City wire*.
Kan*** last night, Russel 1.49; Maul
.06; Mncksrllle .62; Dodge City 1.69. Lots
of rnln In Nebraska—2.02 at Omaha.
■■wheat cron Im* shown a dcterlo
bu of almnt 4»,()l»,000 l»u*hel* during Mi ,.
id the corn crop ba* since tli u tieenl
ttolng baekward lu a large are*. There
Is, however, no chance that the winter
wheat crop will t»e otherwise than a Urge
one. at worst Mug fully the third largest
In hlatory ot the country. The total winter
|nd spring crop also promises fully third
Jlace. This means that the hnrdeii of the
cron movement must coine upon the miller* I
and speculators or price* go to an export
bails.
The trade Is
ft trade is taking eognlsaoeo of the
renerolly admitted shortage of the
nd hay crops ami Is taking note that
>re Is as yat no liurdeniMMne supply of
corn anywhere, despite the absence of any
export demand ^ ~ —
S
tltelr lev,'* 1 of"*|primal
• ml mlarellaueoua
Vatem Iniliiatrlea
ronaumi'ra iirevent „nJ
„ J, anil bull «i»-c-!Jl»|,,r»
-, - i- - .*■*..Jllng to taka ear*
•• lIwre la.
"Thx trail, teatlmony to data la that
jta have heaile.1 out ahort an.I are
rralljr thin on the arouuil In Indian,
nola, Mlaaourl ami Kanaaa, ami that
are alno iiunatlafartorr i-oniSItlnaa ta
of the Other atatea. In the Inn: fear ■!.,«
aertolla —
,W-
i claim* frotu Iowa.”
WARE A LELAND'S
DAILY COFFEE LETTER,
I'rlvata Wire to Ware k Inland,
Naw York, June It.—Tha mnrkat
opened atrady nnd unchanged, which
waa about In keeping with tha early
cable*. Kuropa waa > moderate aellar
here. In aplln of the alendy allowing of
the European market., but tha demand
from local aourcea waa aufllrlent to ab-
•orb the offer!— ——
the forenoon, i
6 point*, olhar
vnnea nn tha opening figure*. There
waa nothing In the new* to enuae any
changa In general sentiment. Havre
waa unchanged to 1-4 and Hamburg
1-2 to 1-4 higher, while the Hruxlltan
market* were unchanged. Receipt*
made very bearlah comportaona with
laat year'a, which were exceptionally
light at thla time, but did not run ter
from the recent average and attract,/
little attention. The two porta had
12,000 bnga, ngnlnat 2,000 loat year, nnd
the Jundlehy 12,000 btkga, agalnat 12,-
000 last year.
8ao Paulo receipt* for the day war*
12,122 baga, agalnat nil laat year. La*t
year'a receipt* at thla time were Inter-
tred with by a railroad atrlke. New
York warehouae dallverlea on Saturday
ware 11,760 baga, agalnat 2,450 laat
year.
The following table atvea the opening
' 1 iota Ilona -— —
9.904.70
8.704.-“
9.764.L
9J64J0
WINTER WHEAT
OFFSET ALL OTHER INFLU
ENCES IN WHEAT.
Caused a Decline of Nearly a Cent
at the Opening
Today.
By Private Leaned Wire.
rhlcago, Jane 11—Henttnicnt on grata lg
lieurtah, and many ef tbe eleventh boar ban*
were artier*, fearing a further aharp r,-. -a
alon In value*. There wore reactloax nnd
advam-ea from the bottom price* rca- h-d.
cauaed by the rovertai
ahorta. Floai
• tower, cor*
ea of 14.01V.
cnverlng of
I’rotlslon* 2V4G2So lower.
Th«» insrkft* all cf ~
tsiuc.^following ftrlM
two reepectlrely a year ago.
Clear*area for the day ware 204,601 l.o.h
ela wtcit 116,000 buahela cora, aud i" -o
buahelx oata.
Cart aalea 5,066 huahel* No. 1 n.,rth.-rn
n jitora hrre at far ov«r July and four
load* Manitoba at New York.
CHICAGO DRAIN MARKET.
, The Chicago grata nMrkat ranged •• fob
Iowa today:
Previn,ia
Open, lllgb. Low. Cloaa. Cloae.
WHEAT-
July. . 62
SH
roliN-
wi
Kept
Vec.
OATH—
July.
Kept.
Uee. ..
1*0 HK—
July. .17.(16
‘—»t. .16.88
July. . 9.60
Hept. .9.36
Oct. .. 9.00
Si
55 3
ip.i 6
ib 3 3 3
iia 8:2
9.80
9.16
9.00
8.80 1.90
5:551 5:555
5:5
6.10
5:5
9.00
CHICAGO CAR LOT8.
Tofiay.
•f* 46,000 ftOOO
LIVERPOOL ORAIN MARKET.
Wheat opoiuHl
4 higher; rlow '
t'orn op#n*tl
% higher '
higher. H , ‘'
PRIMARY MOVEMENT.
moreniMt of
Wheats
agalnat
today, "
R'iBsrSSLli-Ki
L ra,oOO bushels, sgsli
mtBvrar.
Cum—Receipts today. 9N.0Q9
729.000 bushels last yesr. Hhfpi
611.000 bushels, agaluat 464,000
397.1)00 b
year. Hhlj
nat 284,000 I
bushri*.
nieiits to
bushels
THE DRY GOODS MARKET.
... Private Isaac*! Wire.
New York, June II.—Th# market In s"ii-
eral has lieen steady, but prior* of only u
few leading fabric* have bws refiuci'/l.
The eanccaatnu* offere«f appeared to lime
stlmulsttHl the ileiiiand, and there hn
GIBERT A CLAY’S
DAILY COTTON LETTER
New Orleans. June II.—In Liverpool. «»|»-
tlona on th# rlooe were from 2 to 3 point#
higher than final prW# Haturday. whii*
•nine further Improvement In the spot *<lf-
iistloti was -noted, sale* MgKretfiitluK
0,000 Me*, at 9 poln.* up. Cable a2*b'« «
-- ti)
there I* hfinllr
this HuufdatL. _ ^
of the more prominent bull*, who
quietly fo-en ridding tti* mselv## for th** pH*t
week of their b*ug Interest. In "idtt* «>f
the fart tkat the drought remains un
broken In part# ot Texas, bearish oplnir nt*.
as well as some aggressiveness, wero large-
y Intrumenta! In forcing prlees to |.i«.r
evela. Farther nine have also oc>'urr-J In
treme eastern belt, and a few mm-
i of damage due to th* #sc«fthe
u.ilsture are l4elng rerelve4| fr*»m th* t’sro-
Una*. but with tn exception of the N.irfh
r*roilns. pro*p*ct« for tf>mqrmw »re nil
for rlearing wrather. Unless the drousht
conditions In the aouthwsbt ar# «->ti hrok-n,
tbe crop In that *eeffon will tfonhCTesn puf
fer some *etl»nrk and protial.iv canse a
stronger market, but on the other hnnd.
one good rain would. In all llkellhnawl. bring
nlHHif renewed selling and Inereaso ilt«
SOUTHERN EXCHANGE
Oldeat Eatabllahad Office South.
COTTON STOCIS MHOS MIS
•-.ud r: -.r • :M ttuibling Daily
market latter and markrt manual
mulled on application.
L. J. ANDERSON A l
Bankers and Brokers,
COTTON, STOCKS, GRAIN
Corresposdsst's Capital $250,000
ncrcacNCC, thc ncal sank
PHONK «#IT. PRUDENTIAL BLOG
Frank Ilawkto*. Preeldeat. _
f Atkfaaon. Y, P. TMmlC Brwla. A*»t. Caahler.
? h A. MeCnrd. CanMar. R W. wyers. Aa#t- Cashier.
Third National Bank
Capital .... $200,000.00.
Surplus .... $300,000.00.
i&ArKfL
e. B. Bawm.
David Woodward.
M«v Twt
Htm Orltsxi.
cottonJ'g^a w, ^Rovisfo^s,Stock jPbonds,
Ckl<*§*.
9*. 2 Wall SI., trim Bmldlag, Attut*. 0s.
MfMlMS
grw Yark Caltaa luliig
IhtrpoAt Ccttta -
hiftt Wires la New Yark. Haw Oritsss. Ckkaga.
Balt fleas Utl
Chat* at Trada.
Ckinaa S'ock firfttafr.
Catltt luktaga.
Dr. A. W. Calhoun.
Milton Dari*n
Jsks fiTonit
Jf. r. HcCWi
DIRECTORS:
Frank Hawkins.
H- M. Atkinson.
Joseph A. MrCori
PIEDMONT BROKERAGE CO.,
(Incorporated.) Ba*em#nt Floor Piodmont Hotol.
STOCKS. BONOS. GRAIN. PROVISIONS INVKSTMCNTS,
Feat Wlra Sarvlea from NaW York, N.w Orl.anx, Chicago.
COSSrftPONOCNTS
M. J. SAGE A CO . 44 BROADWAY. NCW YORK.
fOW. HOTlt. kiigcf l*c»t**4l*at Dlttaua Hall Fkaaa 1391.
..