Newspaper Page Text
THE ATLANTA GEORGIAN.
TITSPAV. JVNE 1!>. IK*.-
[A]
R]
K]
El
rs
Edited by
JOSEPH B. LIVELY
Mr. Lively lias edited Markets in Atlnnf/i nnd the South for more than twenty-
five ycarsi. His experience ninkes him the most reliablo market editor in tho
South if not in the ontlro country. • ■ ' '
I SUSTAINED BY BULLISH GOV.
ERNMENT REPORT.
joly Was Weak on Liquidation
By Bulls, Closing Sharply
Lower.
. Liverpool i«lvlre« thl# morning were not
I Mrouragtnr to the trail r in the American
market* ouly in the matter of spot sale*.
Such aggreffteft 10,000 bales at a decline
f ] point, rniurfi, unweter, noeni iroui
* points, the latter on near positions.
I Thf Influence of most Importance to the
[trifle at present, however, is the July sit
i Tbi! option lu both New Orleans and Now
York has been “tipped” for something sen-
while, the InslderV
* n thc
shorfi"would iie *K* filial outcome:
t^t shorts In that position were sufficiently
microtis to make a pyrotechnic display
Msiblc before it passed out. ',
r ie war l»e possible to accomplish thin
J result in the next few days, but from Its
I went action It would nppear that the
I heirs In July, to a great extent, have trans-
I /. rrf <i their contracts to other months or
1 Lrc closed their denis entirely.
. juir was weak nnd under pressure this
I Horning, at one time showing a decline
I sf 13 points.
, The later months held up remarkably
well only small declines showing In the
I lew crop.
, The government’s weekly crop and weath
[ *r report was hulilsh. showing, as It did,
I : li.........r.* »ha KnnHIHnna tit
I , mntlmmnce’nf lhl> drtmjrtltj- conditions In
I Mrla of Texas, while the Atlantic stntea
ISnplalned of too mtleh ruin, which lire-
I Tento eiiltlvntlon, nnd na n remit the fleldi
. la-coming grassy.
NEWS AND GOSSIP
Of the Fleecy Staple.
frlrnte wire to Olhert k Cloy.
M—Liverpool at 12:30 p.
m. waa 1 point down on near mouths and
1 to 3 uj> ou distant mouths.
AT GENERAL GAINS
Hit?!? 01 c * We,: " Ver J r dul1 *™‘ iteady
market.
Looks like Price selling.
Manchester cables:
Manchester active
and doing a large business, therefore ex
good demand from the trade. Market
nOCt .. mkmkwwe.
ha• food undertone and ‘ any favorable
circumstance will cause an advance, mm
Interest is centered Ih the July adjust
ment. and new crop Is being fairly held by
reason of the transfers.
Xorden offering July 1 point under Octo
ber. Mitchell mid jV.-irsnll buying.
New Orleans. J* ne j 19.—Liverpool Is
shnde better on i *nr crop and quite
high on fall months ns expected. Its ef-
fect on our market should be trifling and
will p reliably Ik* overshadowed by the
conflict between a continuance of liquida
tion In July, and opinions of the weather
on the latter position
Journal of Commerce snys: “The price
have been- prevailing on the ground that
they have no good* to sell nud lowering
the price cannot help matters with them.
Although changes have been announced in
standard tickings, several mills will make
no change for the present, their product
being sold for a few months, and there
icing no difficulty In disposing of spot
roods. Announcement was made of ad
vances In some lines of blearhed sheetings.
Disappointment was expressed among (Ma
nn expected ....
the season’* prices was not taken during
I kh-nl cotton market was continued heavy
I prelim* against July under which that
I option broke 13 points. Tho longs were
I afmbl of the first notice day which will
11# * round In about ten days and were free
I idlers. At the end of fifteen minutes,
| tnde was still pretty active.
SPOT COTTON MARKET.
Ing weakened the entire Hat. hut undertone
now shows some Improvement, as the
ringside is working ou the supposition that
ji w| -
some discouraging crop reports will —
lie received owing to continued absence of
rain In Texas.
issued today Is ex]
and shorts are ev
while some of the room traders are going
central portion of the belt, hut Texas still
remains dry nnd clear. The eastern belt
Is clear nnd temperatures throughout are
somewhat lower.
Norfolk—Quiet, lie.
RANGE IN NEW YORK COTTON.
The following Is the range In cotton
futures in New York today:
Last Previous
Open. High. Ix>w. Hnle. (’lose. Close.
.16.41 10.41 10.41 10.41 10.1343 10.6346
.10.60 10.60 10.31 10.32 10.31-32 10.6644
.10.45 10.45 10.31 10.33 10.12-33 10.4340
S.jpt .10.41 10.41 10.36 10.S6 10.30-32 10.46-46
June
.1).4‘) 10.45 10.34 10.34 10.33-14 10.43-44
10.33-35 10.43-45
.10.45 10.61 10.39 10.39 10.3M0 10.3940
.10.49 10.55 10.45 10.46 10.44-45 10.6344
.RANGE IN NEW.ORLEANS COTTON
The following Is the rango In cotton
futures In New Orleans today:
Last Previous
Open. High. Low. Sale. Close. Close.
.10.33 10.36 10.26 10.28 10.28-29 10.35-36
nr 10.29-31 10.16-38
w\ .10.86 10.39 19.30 10.32 10.81-32 10.88-39
mi. .10.40 10.45 10.37 10.37 10.37-38 10.44-46
eh 10.4941
Dosed steady.
LIVERPOOL COTTON MARKET.
Liverpool, June 19.-12:15 p. m.—Spot cot
ton items lid Is fair, with prices steady. Mid
dling uplands, 6.10d. Hales. 10,000: Amerl-
nnui
9.800. Hpeculation nnd export, 1,900.
Ipts. 10,000; American, 3,000.
June July ..
Jnlr- August
An*. Kept. ..
6.34
6.84
M3
[fer.J an
Jin.-Feb
veh.-March ....
Closed easy.
__ Previous
Range. Close. Close.
' ** 5.734.79 6.86
5.78 6.844.1
6.774.78 6.84
6.764.76 6.71 6.76
5.604.70 6.614.65 R.684.69
6.634.62 6494.60 6.63
6.634.62 6.69 6.62
6.634.62 5.69 ~ 6.62
6.63 6.594.60 6.63
6.61 5.61 6.64
Private Wire to Ware A Lei and.
New York. June 19.—Cotton opened
heavy. The feature was the weakness of
July. Commission houses generally having
selling orders, ii continuance of the liquida
tion of the |xist few days. The new crop
ws* comparatively steady.
8chlll bidding 10.44 for 6,000 December.
Dallas, Tex., Jane 19.—The Daltns-Galves-
ton News’ first report shows an Increase
In acreage In Texas of 9.6 per cent. In
cent.|^H
jame time last year MR
Texas, is 106.7, Indian Territory 1&4
Oklahoma 102.1. The crop In western Texas
particularly has suffered from too much
rain and in southern Texas Is suffertug
vntlon good. Notwithstanding an almost
universal scarcity of labor and wages reach-
avo been well cleaned.
TODAY’8 PORT RECEIPT8.
The following table shows receipt* at the
JJJi» i*Hlay, compared with the sumo day
N** Orleans
fialveston ...
Mobile
Nvtnnnh ...
i*h.irlf*Hfnn
Wilmington
Norfolk
Baltimore
Now York ...j...
"Ntnn
Philadelphia
Totn|
INTERIOR MOVEMENT.
“■ uni.
W
■ ESTIMATED RECEIPT8.
N.w nrlp.iia exports ].Sj> to bull-,.
JjPHn.t r..n, mtiul ln»t year: Galveston.
-m t„ -j*. again.t L.W7 artnal lut rear;
to 800 hale,, ngnllllt Ml. *8-
'Ml last year.
COTTON SEED OIL MARKET.
Tork. June 19.—The market for cot-
*2,^* 0,1 doll sod a trifle easier
There appeared to be only mod*
V** "mall concessions In price#
K*- W *T Uttle attention was paid to
VW* ** ***** i«nl market. Rapport
2im rkl M 104 wit* qniet
nt the demand for spot oil for
gtrthutiou rather small offerings tended to
tafltisnre prices. The market nt the dose
nm-hani^ to He lower.—War* A La-
Jon# ..
w
efptrmlier
241;
Ssss::: :::: ft
'<-I itpady!
Clow.
m
WARE «. LELAND’S
DAILY COTTON LETTER.
New York, June 1».—Operations In
the cotton market represented a con
tinuation of the trading prominent for
two days now, namely, the liquidation
of July and selling of that month by
tljoae who did not desire to take up the
cotton on delivery day. From the open
ing of the market a stream of July
poured out and the selling was various
ly estimated at from EO.OOO to 75,000
bales. Not since the wholesale liquida
tion around 11c has there been sny-
thlng like the telling that characterised
trading today, and as a result the
whole market was unsettled. A pe
culiar feature of the operation was
enormous purchases of October and
December against sales of July, and
as a result July went to a discount of
several points under October .
The weekly weather report could
hardly be called favorable. Damage
Is said to have been Inflicted by ex
cessive rains In the eastern portion of
the belt, while the drought In Texas la
stated to have assumed serious pro
portions. On the report prices ad
vanced several points, but renewed
liquidation In July started a decline
and the general tone of the market
was heavy. Conservative operators,
however, see nothing In the present
weather conditions to Induce selling of
the new crops. At the moment It con
tlnues to be a scalping market.
QIBERT & CLAY'S
DAILY COTTON LETTER
New Orleans, Jane t».—Early cable, ex.
unr.il., ,u„r i,.—re,,,/ r,
presied complete aatfarartloo at the ex
cellent trade that Manchester reported nnd
were expectant of n steady and higher
market In consequence, but later lu the
neasou options developed considerable weak
ness on probable henry liquidation nnd
etoMd * to 7 points lower on near positions
and three point, lowsr on the fall months
Hint sales were lower by 1 point, sales
KWW bales. The .continued heavy aelUiig
of Jnly by the local bull crowd largely cen
tered the Interest of the trade lu that po
sition. but the new crop month. dl.pUyeil
very little If any weakness owing to the
expressed fesr that the drought In south
western Texas was causing serious delsy
In the development of the crop In that esc-
tlon. The government s weekly weather re
port bore ont this concern In no uncertain
manner, and Indicated that generally up-,
favorable conditions In some of the largest
cotton growing states—namely, Georgia nnd
South Carolina, os account of frequent and
excessive rain: nnd Tegst and Louisiana,
owing to the more serious aspect that the
drought has assumed. Conlldenee ou the
part of those favorable to higher prices
seems to Dud but little assurance, however.
In this new. phase of the weather, as no
support of consequence Is noticeable.front
this source, and It now appears as If tbs
market would work lower on newa of any
favorable character.
New York. June lf.-Cbarlea D. Freeman.
In M» circular letter today. Mya: ."In
previous dispatches I endeavored to analyse
the July position In New York. Equalisa
tion of ranee Is rapidly taking nlnee. awl
from now on the new crop position, will
respond to the tnflnenees surrounding them
■ nd the qneitlon of manipulation la ellmlnl
noted from this market for — —
come. ‘ "
SUCCESS OP PENNSYLVANIA
LOAN INFLUENCE
Caused Room Traders to Buy
Stocks All Through the
First Hour.
By Private Leased Wire.
New* York, June 19.—The two develop
ments on which today!* market chiefly turn
etl were the announcement of the success
ful floating of Pennsylvania's Paris losu
and n sensational decline In the securlttel
of the city traction merger.
Pennsylvania stock, which closed Inst
night st 129H, went on running snlcs st the
opening this morning ns high ns 133. It was
ertdent, however, that the extreme quota
tlons of this rise were duo to frightened
covering purchases, and n recoil as violent
almost ns the advance followed,
Tho general market opened with a rush of
buying all through the list, which carried
prices up a point or so for tho leading Is
sues. But Immediately notice bad to lie
taken of the extraordinary weakness In the
Interlmrongh-Metropollton shares.
The common itock, which had held oat
stoutly for several days, was popularly sup
posed that unlimited support was to be ex
tended at 50, atarted out with aalea at 49
to 48H, nnd In the next few minutes broke
wide open. By tho end of the flrst hour
the common shares were down 7 points anr
the preferred nearly 3 from last night's
closing. For a whllo the rest of tho mar-
ket wavered under tho ahock and pricea
reacted sharply.
But there was good buying "power all
through the Hat, nnd by uoon sufficient evi
dence had liccn given that the market as a
whole had cut looso from the Interborough
movement.
GOVERNMENT WEEKLY
REPORT ON WEATHER
Arkansan (Little Bock)—'The temperature
was abnormally low during the forepart of
the week and very high in the latter part.
The mean was below the normal. The
nights were too cool. Rainfall nnder one
Inch occurred over small areas In central,
northwestern and extreme southern coun-
ties; none elsewhere, and waa deficient
A general, soaking rain !•
Alabama (Montgomery)—Moderate temper-
ture* and showory weather prevailed. The
rainfall was light to moderate over tho
western half of the state and heavy to ex
drouth which has prevailed IA oca
sections. High winds accompanied me
rains In some eastern counties.
Georgia (Atlanta)—The weather was cpol.
cloudy and disagreeable, and rains were oj
daily occurrence In most districts. Thi
mean temperature# were 2 to 6 degree* be
low normal and the rainfall decidedly above
the ayerage. Th*.rainfall qn pie 12th. Uth.
15th and 16th was excessive, total amounts
atiovc 7 Inches being reported from some
■ta tlons.
Louisiana (New Orleans)—Light showers
occurred In scattered places on two days,
but normal sunshlue and dry-winds Inten
sified tho prevailing drouth generally. Tho
temreraturo was almve tho uormnl In tho
southern portion and slightly below In the
Mississippi (Vicksburg)—During the fore-
S art of the week nights were cool, anil
wring tho Isttor part the days were hot.
The mean temperature was slightly below
uormal. Copious showers fell Wednesday,
except lu the extreme western portion,
where the rainfall was light. There was
much sunshine. „ t , M . .
North Carolina (Rslelgh)-The week whs
ge ’ — s
.... The forepart of the week was cool,
the latter being warmer. The temperature
as 4 degrees T*low the normal. .
Oklahoma and Indian Territory—Ideal har
vest weather prevailed during the week,
the sky Indue generally clear. The early
art of tho week was cool and tho latter
art seasonably warm. Hcntterod showers
tho week bring ---- --—PNL-H ,
Month Carolina (Columlda)-The week was
generally cloudy with frequent rain*. Tho
precipitation avorsged about 4 Inches In ex-
ciss of the normal. Temperature was I de
grees below the normal. ,
Texas (Galveston)-The week was, gener-
ally fair nnd warm. Light scattered show
ers occurred on the 12th and 16th, hut tho
rainfall was decidedly deficient and drouth
In southeastern counties has become very
serious. Moisture Is uedeed In nearly all
portion* of Texas.
Tennessee (Nashville)—The temperature
averaged considerably below the normal nnd
was unusually lower on Hie 48th and 14th.
Hhowcrs occurred from the I2th to 15th. but
mostly In the eastern section, the gmiter
part of western sections receiving very light
DROUGHT IN TEXAS;
TOO MUCH RAIN IN EAST
RANGE OF NEW YORK STOCK MARKET
Amalgamated Copper..,*,,,.,,,,.....
Atlantic Coast Lino
American Sugar Refining
Anaconda
American Locomotive...... -
do preferred.
American Smelting Refining
do preferred......'.’.
Atchison
do preferred...;
American Cottbn Oil
Baltimore and Ohio.......
Brooklyn Rapid Transit,.
Canadian Pacific
Chicago and Northwestern...,.
Cheoapeakn and Ohio
Colorado Fuel and Irou.
I'mtlml f uth.'.
Delaware mu) JI miaou...
Distiller's Securities
Brie ■ gj
do preferred
General Klectrlc
Illinois Centml
American Icq Securities
Louisville nnd Nashville
Mexican Central..
Missouri Pacific...
.Miamiuri i acme
New York, Ontario and Western
sons, unmnu sou nnii
National Lend....*
Northern Pacific
New York Central
Norfolk nnd Western........
Pennsylvania
People's Gss
Pressed Hteel Car
do. preferred....;
Pacific Mull...
Repnbife
Rock Ielattd
do. preferred...
United States Rubber
do. preferred
Southern Pacific
Southern Railway.,.....,
•do. preferred
Slosa-Shefflold
Tennessee Coal nnd Iron
Texas.and -Pacific*.....
(talon. Pacific
Red States Steel
■ i
V
do. preferred
VIrgiuln-Carolltia Chemical
do. preferred...
**■ ... i'.,i nn
Western Union...
Wabash
ireferred.
do. preferred..
Wisconsin Central
do. preferred..
40U
U
High Low. Close
1«U 16|%W0«}j
330 246 248
70H 71H
M
1
1U*»
3.
< r "!
m
i
•s
TIPS FLASHED
From Wall Street
■new Kirk, June w.-mnuoL
and should create rallies, especially, in
Pennsylvania, for official announcement has
been made of' Its 850,009,000 3% per ceut loan
lu Paris.
.jp conditions greatly improved, and
while time money is held very firm, call nnd
short .time loans uot expected to chsngs
A large short interest exists, but there are
* ‘ let with on a
cn rallies np
hints of bear attacks being met with on a
imber of active atoeks. When rallies np-
*ar they will bo sharp, and would favor
Jteel preferred, Copper, 'Atchison, Union
Pacific and ether good stocks for turns
when depressed,
Summary of resttnlsy'r stock- market by
Dow, Jones A Co.:
American stocks In London strong, K to
% per cent above parity.
Pennsylvania places $802000,000 2% per cent
bonds In Paris.
President Roosevelt and agricultural com
mittee agree on form of packing house In
ion bill.
dine In general business.
Movement of live stock snd provisions at
hlcngo very heavy, Indicating no local
trouble from beef exposures yet.
Cron snd weather conditions generally
considered more favorable.
New Orleans reports general trade condi
tions fully up to the average of previous
years.
Twelve Industrials declined .38 per eent.
Twenty active railroads declined .44 per
Private Wire to Olhert A Clay.
Consummation of Pennsylvania Paris loan
on favorable terms should stimulate mar
ket at this level.
Would buy Bt. Paul on the weak spots for
tur 09.
New York, June If.—Daniel Odell A Co.:
*' rn l»l»l l.t i'HIliri 1 Mil'll IV I.Wii
Developments over night do not ludlcate to
ns the wisdom of making any change in
the neutral trading position in the atnek
markHt, whfeh. whllo It may favorably rec
ognise to a moderate extent the onciilug of
the French money field to us. win be sub
jected to further bearish operations owing
the weakened technique pointed out by
ent selling on the •nt-piii
IhgIiir on tln< raided wnnkm-.H will rIvp tho
n*»t ri-.iiH, to tho (In I It trotlor, nrom-illnx
ta our oitli-tilntlon.. If t-oti.orrMI.in I. otu-
ploj-ed trail fair profit, tnkon. ■■■
Tho. atoclc market toll oil jeatord.jr nf
Mnr.h.ll, Hp.tlor k Cn.: An wit, tho rant
roairrd.r, wr boro • ati-.itlor nmrkot ilur
In. tho r.rltor trmllnx toil,., follnwlnff Ini
prorott rron rnmltttmi, .nil Imlotlnlto nn-
notinronioul. fit tout Iho lvnri.jlvnttlit lion,
lint prinlluK oth.r riiiiaMoratluu. connortoil
with tlio uionor markrt wo ,ro not pre-
p.red to M« more than a food rail;'.
STOCK SALES.
IS noon'..
I p. m..
Jit. m..
Total ..
157,10ft aharea
008.100 aharea
710.100 aharea
..1,0
Chxrlea Jarroth haa Juat driven up a
noted mountain, Arthur-a Beat, Kdln-
burxh, In a 12-horaa power motor car,
carryln* alx pa.aenxera, Mr. Jarroth
aacended to a height of 1,000 feet. It
waa the flrat motor aacant of the
mountain ever made.
German flrtna are unable to All all
forelfn order, for automobllea. Vice
Conaul Hchlemmer, of Mannheim,
write* that the German motor produc
tion for 1905 waa 110,004,000, (h. export
to England and France Increoelng 100
per cent.
.-The
New York, June 19.—The Hun aara:
npaliot waa a drop lu Juljr here and lu New
Orleana on liqulitatlnn, nnd nn advance In
the next crop month, on feara that the
drought In Texaa and the ralna ea<t of the
llla.laalpnl river maj hnve done damage,
nnd that today', government report may
t>e In nome reaped, of a Imillah character.
Early pricea wen lower on all ntoDtfaa
partly on the Men that the ralna treat of
the Mlaalaalppl. rauging front Oklahoma to
fanada, were bound to reneh Texaa. Th.re
kere elan aonte re|»rta of rain In Teiaa
Phlch were not ronllrmed. The weather
imlletiona Indleafetl no rain for nnutberni
not the high bonded manipulation and Hoff
of IndlrBuJla who bellawthelr own flea.
Viewing the altuatlon broadly, ^J in [m
nrraant* wJih 't'hrr«”faetora. "l';irat. that
the roan
.he country la In ranetlon from Ita extreme
nroanertty. Herond, there are evtdeneea of
acting rwtrtlen In the textile indnatry
from Chinn ta Fall Hirer, -ntlrd. that the
cotton crop thla year promlae* to exceed
the requlrereenla.’
QIBERT & CLAY
'• *■ ALABAMA BT.
STOCKS. BONOS.
COTTON, GRAIN,
coerce, provisions
ATLANTA. OA.
x? Slock ErchangelNew
:i Cotton Eirhanae |»w
**» lork Coffee Eidmnie ,'ve»
tir.Nllrltona inoirate<i mi rain iot amiinrrn
Texaa, IJvcrpool reported a hrlak a pot de
mand. the aouthern apot market, were gen
erally ateady and rurrrnt reporta atate That
the erop la Iteeotnlng nraaay In parta nf the
t'arollnan nnd Georgia, owln* to eontinued
wef weather. It labor la na aearce aa gen
erally reported thla may become n factor. —
Olhert k Clay.
New Orleana. Jane W.-TImea-Democrat:
--Helling Jnly on general principle, and
Hiving October tin the crop newa kept the
tafeut on the edge of expectancy moat of
the aeaalon and gave real I,me to yeater-
tlay'a cotton market. - It now l>extn*. to
look na thooah the N* follow., or nt leant
aonte of them, had decided to teat the fate
no further on the July poaltlon, but the
Jnaa admitting crop
daman* «♦ conaeqacnce and anuth Teiaa
attll without moiatare. Halt mice ad vocal ra
better grace and fewer npHoglea. and many
men hare Itegnn to queitlon the almple
raltk Key have placed In the hear!ah new
3*" view wklcn, to a Urge extent, I.
haned on andent naage nnd Ihe rule of
thnmlt way of looking at thtaaa. xtnae-hon-
ore.1 theory and np-to-date practices are
prahaNydrallned todrtft farther and fur-
titer apart a* the latter aettle lower Into
ZlTJ rnnahl % tpe
the groove# of wril-worislng marbl%*ry.
WM. (* PEEL. President.
ROUT. F. MADDOX. Vlro-Pres.
TllOS. J. PEEPLES, Cashier.
JAH. G. LESTER, Ass't Cashier.
MADD0X-RUCKER BANKING CO.
$200,000.00
$500,000.00
CAPITAL
SURPLUS AND PROFITS !
ACCOUNTS INVITED
Wc Invite nrrountfl of individuals, rorpor/itionn, banks
nnd lmn kern and offer thg best terms consifltent with
conservative banking.
In our Savings Department we allow Interest at tho Rata of 3 1-2 per
'cent. Compounded Semi-Annually.
NOTES ON GRAIN
Polntors on Provisions.
Private Wire to Olhert & flay.
Chicago, June is.—With the exception
a little rain In the Canadian northwest,
the weather map I* Ideal.
Liverpool pool % - to Hd lower.
turned sellers.
Considering the severe decline In coaree
grains yesterday, wheat held relatively
stubborn, due no doubt to the fart that
the bears have been so badly whipped of
late that they have not the courage to fnl
little support on The part of the bulls
prevent material decline. The only thing
thnt we rau ace to sustain values Is some
serious crop accident.
expected, hut acceptances.are said to lie
liberal, noth appear high enough.
Chicago Record-Herald: Rain over Bun
Isy through Nebraska made very wetk
grain markets. Wheat suffered leas than
anything else. There was a moderate rush
of selling early by the extreme weakness
shown In corn and oats, but It failed to dis
lodge any of the leading holders, or. In fact,
any material number of smaller ones. Af
ter the first rush the market became ex*
trcmely dull and st time# acted very weary.
A giwMi portion of the early loss neverthe*
less recovered later. The Improvement was
due entirely to covering by scalping ehorte
who were afraid the early selling had been
overdone.
The breaking of the western drouth made
a wild opening market In corn. There was
tnm$T
selling from all directions, but the aggre-
.were was no entbusl
asm on the part of the new buyers, uml
the market changed only slightly from the
Ins In Nebraska bad the expected el
feet on oats. The competition betwen sel
er# at the start was so fierce thnt sale#
prices.
larger
ally I
IX c
asy for quantities
looms,
Lard was under pressure all day from
smaller outside purchasers and a few larger
local Interests. This finally affected the
Private Wire to Ware A J.eland.
Chicago, June 19.—The r
Ocean saya: Cash business 1
28,000 wheat, Including
at %c over ' * *
oats 60,000.
There was no business In corn and oats.
About May 20, when July wheat sold Ii
iimuiTM «»« mm in iiimom nrm nrimifl
In thn aggregate 1,000,000 bushels corn w
bought lu all positions during the dnv.
N(<l)rnakn house said between 500,000 r
Guo.(mi luisliH* had been bought In that
operating on the Illinois Central,
bushels. .Other houses operating
llffl
III..
_____ .M*ti
bushels nt prices the highest of the
“I figure thgt Kansas will have betw
. — - “ n wheat t_
•f Kalians City,
i.OOO.oS) and 70.000,0OO bushels wheat thli
" said C. N. Rovnti
‘ ' ikr
The crop In Nohrnsltn has been cut d«
fully. 10 tier cent by the drouth, and I do
not think the ralna will help It much. In
northern Knusna and Nebraska It has rlncn
ed prematurely. Corn la backward In Kan
- “-‘-raska nnd Missouri, but In If
alt right. Oklahoma has ii
1 there are a few spots dot
n Territory where wheat Is going 25
bushels to the acre."
Contract atoeks In Chicago:
Tbin Ijfltt
Week. Week
No. 2 hard 1,688,606
No. 2 red 73,906
No. I northern. 920.143
Corn 260.000
Oats 206,000
Last
OSoiz* fiLOOO
315,00) 256,000
289,000 704,000[
II. C. Husband, of New Harmony, Ind.,
renty miles from Ersnsvllle. says wheHl
is « line erop. Ills county will raise 1,000.
, , county .—
000 bushels against 750,000 Inst year. But
there will lie no hay or oats snd corn Is
uot good owing to drouth.
pork by brokers. Buying scattered.
NEW YORK COFFEE MARKET.
The following table gives the opening
nd closing quotations for coffee for future
delivery today In New York:
Opening.
Range.
.. 6.IM.60
.. 6.604.79
a * MM. IS
.. S.704.86
6,804.86
6.004.66
6.064.10
6.104.2)
January..
February..
March..
tprll.. ,,
Jfry
Juno., a, a
JUljr.. .* i
August.
HUBBARD BROS & CO., meSits
Atlanta Office., 219-311 Century Building.
Member* New York Cotton Exchenge, New Or
leans Cotton Exchange, Liverpool Cotton Aaao-
clatlon, Chlcego Board of Trade. New York Cof
fee Exchenge, New York Produce Exchenge.
Bu.lnesa aolldted for the above exchanges.
Direct wire service. Correspondence Invited.
Phones 454, Long Distance 34. A. S. Hustace. Mgr.
draMOttrale In mere eneetate
tnrui tbr purport ot the tale lendewy. —,
Warn k Inland.
THE METAL MARKET.
-‘"il.-"' — Xe* Verb. Jaa- It.-An raaler teadrnry I
Lsc.l and Long Di.Unei Ta’lapH.n’a"«»*.' bI '“’"Vf. R. FAGAN, Managar. I uJTaod'aJJtw'wen nXwgad.
ATLANTA NATIONAL BANK
ATLANTA. GA.
C. E. CURRIER. Prealdant. A. E. THORNTON, Vlca-Praaldent.
H. T. INMAN, Vlee-PraaldanL DEO. R. DONOVAN, Caahlar.
JAMES S. FLOYD, Aet’t Ctthler.
Capital $500,000.00
Surplus and Undivided Profits $500,000.00
We Solicit Your Patronage.
Heplrjnber. 8,3ft
nrtnlier.. ,, ,, „
Nn.einlter.. ., ,,
lleeentlter
I.'luoed Bteadr.
Glbsrt A Clay’s Drain Latlar.
-Chicago, June It.—The Irade In
wheat today haa been rather alow nnd
featureleaa. Price* hav* ruled eome
lower, but cnnaldarlng tb* waakneaa
In coarae grain, favorable weather and
Iht amount of wheat that waa thrown
on the market, Ihe Undertone haa dis
played remarkable flrmneas. The epee-
ulatlve trade has every appearance of
being pretty well evened up and now
seems to be awaiting furthar devel
opments. Aa we have had quite a
setback In the past few day* and aa
any change In present conditions would
favor Ihe bulla w* rather favor the
buying side on abort wheat, believing
a reaction to he more than probable.
Com scored a further decline today,
due to heavy rainfall throughout Mis
souri and Northwest Liberal accept
ances nf overnight bids and further
liquidation on the part of discouraged
bulls. Bom* little strength developed
early In Ih* May future, but as renewed
liquidation set In market Immediately
turned and thereafter reuled heavy.
Anally closing weak near Ihe low flg-
urea of tlu day. Looks as If wa liav*
had sufficient break for the present.
Oats.—Further liquidation aa result
of Improved condition, and keadness
EAT
STEADY IN WHEAT
LATER ADVANCED OVEB
YESTERDAY'S CLOSE.
On Buying by Several Bull Lead
ers and Commission
Houses.
By Private Leased Wire.
Chicago, June It.—Tired bull longs
continued to drop down and out--not
unlike the last rose of summer—leaf by
leaf. The llqutdaiioa of i»ii, h-.iiiinge
wae kept up' etesdlly during th- .lay
at the expense of price.. There ir.
■till eome long lines, however, that
aim some mng tinea, now ever, mat the
bears are gunning for.- Closing pric e,
for Ihe day showed loss*, of l-4«i 3-8c
In wheat, l-4<ttc In corn and 7-8«t 1 1-8
In oata. Provisions, 2 1-2ft 10c- lower.
Cash aalaa were only moderate and
price* were lower all around.
The world's visible supply of grain
ahowed a decrease nf 2,200,000 bu.liel.
for the week, cqmpared with a decrease
of 2,717,000 a year ago.
Primary receipts of wheat, 267,000
bushel, and corn 1.125,000 btuhele,
compared with 242,IM and mn.'i'cq
bushel., respectively, a year ago.
Clearances were 1,10ft barrels flour,
no wheat, 14,000 buahels corn, and no
oats.
CHICAGO GRAIN MARKET.
The Chicago grain market ranged
lows today:
Open. High. 7<nw. Clot -
5* 1
til i sil
m »
OATH—
S&\: tU
FORK—
Juljr. .16.92',* 17.00
Brut. .16.76 16.76
LARD-
July. . 8.80
!:2*
8.9214
81DB8-
iSk:,:S:jl S:S !:§“
Oct. 1 9.07#.. 9.m* 9.97
9.40
9.27#
9.10
PRIMARY MOVEMENT.
mm-rfiant of wfipnl
flgtirps giro th* primary
17.090 lu
■fltlMK NJBIVHBHII
(lay 1.126,000 bushels, against 91V
i Uat year.
*arn—Ilerelnls to<lnr 117,000
ngnlimt 290,900 liuphnla fust year; si
today 131.000 bushels, against 313,00.
last ytar.
CHICAGO CAR LOT8.
Today. Tomorrow.
LIVERPOOL GRAIN MARKET,
c ccrac Mipora iciwer; I .<
. lend 4 |cc U IccH'cr.
'oni icjcc-necl 14 lower: 1:30 |
ror; closed S I" ft lower.
The work of tho last three year. In
'ic'liiicun cccicl I'riin. .• Ir ecctlimited Icv
Profeaaor Currie to have yielded about,
cc p.iiinil Ilf i.1 cllnin America's eicu-k
nf rndlum anil, reduced to the ntrength
known na one million, would hnlf All n
Indy's thimble.
The German, spend on drink In n
year about 1700,000.000. which l« three
times the mat of the army nnd navy
combined, or "even lltne-c the coat nf
l-l linn I c c-'lljc ■! 1 1"Ci III I hr rnnntry. and
nlmoat equals Ihe national debt.
In com were responsible for the de
cline In osln. Outside of ihl" them
was nn feature In the market On Un
derline fair buying developed. A" tln-
bulla are aim In mnlrnl and n. they
will doubtlsss support th. market on
any further recession. It look. «. if nnt»
should prove a purchase for at Icr-.t a
turn.
Provisions.—The only feature In pro
visions today haa been selling of pork
and buying "f riba by foreigners. Mure
ket waa quite hrnvy early, due to liqui
dation on th* part of loc-ni . n,wd. I'nir
buying developed, which recovered the
decline and caused the market to rule
steady, but dull throughout the re
mainder of the aeaalon.
SOUTHERN EXCHANGE
Oldest Established Office South.
CO non STOCKS BONOS MAH
Ground Floor Gould Building. Daily
market kt'rr an.I market manual
mailed on application-
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, 6RAIN
Cornqoaliit's Capital 3250,000
RCrESKNCC. THE NCAL SANK
PHONE NIT. PSUOf NTIAL SLOG
Nt w Of/tttt.
WARE A LELAND
COTTON, GRAIN, PROVISIONS,STOCKS, BONDS,
ff*. 2 Wall 5f. ( Ftltrt BalHiaf. Atlanta, Oaf
MMBUS:
rtitalt Wirtt ta Ntm Yark. Nam Orttaaa. Ckkaga.
taaaj _ ...
aw York Callta ittkaaga.
0 C. C0THKan. Mtaaatr.
Standard Thaaa 2%.
PIEDMONT BROKERAGE CO.,
(Incorporated.) Baaemont Floor Piodmont Hotel.
STOCKS, BONDS. GRAIN. PROVISION*. INVISTMSNTS.
Fast Wlra Service from New York, New Orleantt Chicago.
CORSeiPONDCNTS
M. *1. RAGE A CO.. 41 RROAOWAV. NEW YORK.
tOW. MOTH, Waaagtr t at at aadlaag Qittaa<t Bell Fkana 1301.
imWi