Newspaper Page Text
TTfE ATLANTA GEORGIAN.'
11
KETS
SUSTAINED BY BULLISH GOV-
ERNMENT REPORT.
julj Was Weak on Liquidation
By Bulls, Closing Sharply
Lower.
fjrerpoo! advteoit this morning nrpre not
Mrouraglng to th** trade In an AmHmi
BirkPts only In tbo matter of spot sales.
r l n«)lnt. ruture*. However, cioeeu rrom
to 7 points, the latter on near positions.
The Influence of moat Importance to the
trifle it present, however, is the July sit-
This option In both New Orleans and New
York has been "tipped” for something sen-
itlonnl for unite a while, the insider?
ksdlog the puulic to believe that a squeeze
of the shorts would be the final onteome;
that aborts In that position were sufficiently
■umeroui to innke a pyrotechnic display
•oalhle before It passed out.
it may he possible to accomplish this
•wait la the next few days, but from Its
M,vut notion li wuuiu appear min me
tears In Jnly, to a great extent, have trans-
forrrd their contracts to other months or
ter* closed their deals entirely.
julv was weak and under pressure this
warning. At one time showing a decllns
^Th* *Ute?* months held up remarkibly
veil only small declines showing In the
*Tbe C gofernment , f weekly crop nnd wetth-
■ report was bullish, showing, ns it did,
continuance of the droughty conditions In
parts of Texts, while the Atlantic states
complained of too much rnln, which pre*
complalm
vents cul
•re becoming grassy.
local cotton market was continued heavy
pressure against July undetM|i^riM
.... •- 0 i iC 13
option broke IS points. The longs were
afraid of the tlrst notice day which will
t* around In about ten days and were free
sellers. At the end of fifteen minutes,
trifle was still pretty active.
SPOT COTTON MARKET.
Atlanta—Quiet. KM&
New York—Quiet. 10.98.
asy, tie
let, 1144c.
*y. lo*c.
RANGE IN NEW YORK COTTON.
NEWS AND GOSSIP
Of tha Fleecy Staple.
Private wire to Giber. & ctar.
New York, Jos. lL-IJrrrpool at lid# p.
m. was l point down on near months and
1 to 3 up on distant months.
market*" 0 * c * bl ** : " V 'TT doll but atendy
Look* like Price selling.
. eablee: "Mancbeater sctlre
ana doftm a large liuHlur**, therefore rx’
pert good demand from the trade. Mi ‘
has good undertone and any favoi
circumstance wlU cause ou advance.
Interest la centered In the July adjust-
non* —« " — w b y
ment, and new crop Is being fairly held
reason of the transfers.
Vardan offering Jnly 1 point under Octo
ber. Mitchell attd iVursau buying.
New Orleans. J m,« 19,-Llrrrpool Is a
shade better on i.*ar crop and quite as
high on fall months as expected. Its ef-
feet on our market should be trifling and
wl HI probably be overahadowed *—
win proDaniy ue overahadowed by the
conflict between a continuance of lfqolda-
Journal of Commerce aaya: “The price
revisions that are being announced are
making for less weakness In the market.
the «f
of wide sheetings to hold the prices which
have been prevailing on the grouud that
. .... ■ U11H- irr-T-11 ■
standard tickings, several mill
no chance for the present, their product
being sold for a few months, and there
being no difficulty In disposing of spot
goods. Announcement was made of ad
vances In some lines of bleached sheetings.
Disappointment was expressed among dls-
Itiibutora of aome lines of prints because
an expected action looking toward fixing
the meson's prices was not taken during
.the day.”, _--
log weakened the enil
now shown some hnprovenu....
the support!
crop rej^rrs w!
some dlscourag
The weekly weather report that la to be
Issued^ today' is’ex bullish
‘ evincing a desire to cover.
central portion of the belt, but Texae still
remains dry nnd clear. The eastern belt
la clear and temperatures throughout are
somewhat lower.
Private Wire to Ware .
The following Is the rahfee Iff cotton
futures In New York today:
Last Previous
Open. High. Low. Hale. Clone. Clone.
June .lftl 10.41 10.41 10.41 10.8M3 10.6W6
.10.40 10.46 10.34 10.34 10.33-34 10.43-44
.10.49 10.16 10.46 10.45 10.44-45 10.53-54
Feb 10.44-46 10.53-65
Mrh. .10.68 10.81 10.61 10.61 10.61-63 10.61-63
Closed barely steady.
RANGE IN NEW ORLEAN8 COTTON
The foltawfng Is the range In cotton
futures In New Orleans today:
June
Last Prevloua
Open. High. Low. Bale. Close. Close.
July .10.16 11.01 10.14 10.lt 10.3748 11.0847
Aug; .1068 10.81 10.47 10.48 104847 10.M46
Kept .10.43 1048 10.43 10.43 10.41-43 10.43-60
iept .10.43 1048 1048 10.43 10.g4l 10.4840
M. .10.3 10.88 10.26 10.38 10.28-28 10.38-34
Nov 103841 10I84S
bee. .10.86 10.89 10.80 10.83 10.8143 10.3341
Jnn. .10.40 10.46 10.37 1037 103743 1044-48
Mrh 104841
Closed steady.
LIVERPOOL COTTON MARKET.
Liverpool, June 18.-13:16 p. m.—Spot cot*
ton demand la fair, with prices steady. Mid
dling uplands. 8.10.1. Bales. 10.000: Amerl-
• «u. 9.800. Speculation and export, 1,000.
Receipts; 10,0ft); American, 3.0W.
Futures opened quiet,
June
June-July ..
July August
Anr -Rept. ..
sage.
t§
6.88
I**\ Jan
Jsa.-Keb. ......
»b March ....
Closed easy.
6.7*4.78 6.85
5.71 6.844.85
5.774.78 6.84
8.784.76 6.71 1.76
6.694.70 6.84-6.61 B.6R4.69
1.834.82 8.884.80 6.63
6.834.83 K.E8 6.82
5.634.83 6.59 6.82
,8.0 8.684.0 1.0
6.84 6.81 6.64
heevy; The feature wae the .....
July. Commission bouses generally having
aelflng orders, a continuance of tha liquida
tion of the past few days. The new crop
waa comparatively steady.
8ch!U bidding 10.44 for 6,000
i Decamber.
jy 18 her cant*
19.2 per cent. Conditions ns com]
with the same time laat year on thin
i or s.e per rent, in-
r cent-end -Oklahoma
Ki
, JTtoar ou iui* uuma.
Texas, Is 108.7, Indian Territory 103.4 nnd
Oklahoma 102.L The crop In westorn
particularly hnn auffered from too nun'll
rain nnd In sonthern Texas la suffering
from drougi t. but ns a rule weather Is
reported favorable and the state of culti
vation good. Notwithstanding an almost
universal scarcity of labor and wages reach
ing up to $1.5ft a dnv nnd board for cotton
* - bftvo beon wc ||
choppers, the fields i
WARE A LELAND’8
DAILY COTTON LETTER.
New York, Juno 19.—Operations in
the cotton market represented a con
tinuation of the trading prominent for
two days now, namely, the liquidation
TODAY'S PORT RECEIPT8.
Th* following tablo shows receipts at the
pert* today, compared with the samo dsy
u«t year:
Jfew Orleans ..........
•klveston ..
Mobil* .....
Htvannsh
•Turlesto# ,
5'Umlngton ...........
Jorfolk
Baltimore
gja^York
phnafleiphim*rrrrrrirrrr
Total
INTERIOR MOVEMENT.
v ESTIMATED RECEIPTS. ^ t
r w °rtaans expects 1.600 to 3.030 bales,
jC! ,J *t 6.374 actual last year; Galveston,
kE »« 7,600. against 6.S07 actual last year;
Houston. 600 to 800 boles, against 6.617 ac
tual last year.
COTTON SEED OIL MARKET,
i York, June 19.—Th, market for rot-
Oil WM ,1„!1 anil a trifle caller
Ii"’ 1 ', Very llttlo attention »i. p*kt »
!*? "I th, Innt m«tk«t. Ka|>pnrt
ilyklM .nil with the generally qnlet
"wHItlnn of th, demand for «pot ell fer
JJjtfibetta* father twill offering! tended to
price*. Th, market at th* clo«
•nebanged to Me lower.-Ware * La-
Usd.
Clew.
■^temlter 36 41364
84Ue3f% 34*4*
Mwai
31>br3: " 314822
“T.-al-r * JlMeJl*; »1W1‘V
iteadjr.'
11/1 1110 aquiuuuuii
of that month by
thoaa who did not deslro to take up the
cotton on delivery day. From the open
ing of the market a stream of July
poured out and the eelllnif waa various
ly estimated at from GO,000 to 7i,000
bales. Not since the wholesale liquida
tion around He has there been any
thing like tho Belling that characterised
trading today, and na a result the
whole market was unsettled. A pe
culiar feature of the operation was
enormous, purchases of October and
December afalnst sales of July, and
as a result July- went to a discount of
scvernl points under October .
The weekly weather report could
hardly be called favorable. Damage
Is said to have been Indicted by ex
cessive rains In the eastern portion of
the belt, while the drought In Texas Is
stated to have assumed serious pro
portions. On the report prices ad
vanced several points, but renewtd
liquidation In July started a decline
and the general tone of the market
was heavy. Conservative operator.,
however, see nothing In th. present
weather conditions to Induce selling of
the new crops. At the moment It con
tinues to be a scalping market.
Edited by
JOSEPH B. LIVELY
AT GENERAL GAINS
SUCCESS OF PENNSYLVANIA
LOAN INFLUENCE
Caused Room Traders to Buy
Stocks All Through the
First Hour.
Mr. Lively litis edited Markets in Atlanta and the South for more than twenty-
five years.* His experience makes him the most reliable market edilor in the
South if not in the entire country.
RANGE OF NEW YORK STOCK MARKET
Amalgamated Con
Atlantic Coast -iSK r :::::::::::
American Sugar llefinlng
Anaconda
American Locomotive,
■ do preferred...
' ' * * (HI It I I... 09
American Smelting ltefiulng
do preferred
Atchison
do preferred
American Cotton Oil
Ilaltlmore nnd Ohio
lirooklyn Itaptd Transit
Canadian l’nclde
Chicago nml Northwestern
ChetapcMko nnd
Colorado Fuel and Iron
Central leather
do preferred.....
Chicago ami Groat Western
i nirngu nml tJreat western.....,,
Chicago, Milwaukee nnd Bt. I'nul
By Prlrate Leased Wire.
New York, June 19.—The two develop
ment! on whteh today's market chiefly turn-
■I were the announcement of tbs success
ful floating of Pennsylvania's rads loan
sod a sensational decline In the securities
Pennsylvania stock, which closed laat
night «t 139Vi. went on running sales at the
opening this morning aa high as 131 It wat
evident, however, that the extreme quota
tlona of this rise were due to frightened
covering purchases, and a recoil as violent
almost aa tha advance followed. HMQHl
The general market opened with n rukh of
buying all through the Ust, which carried
prices up a point or so for the leading Is
sues. But * Immediately notice bad to be
taken of the extraordinary weakness In tha.
Interborough-MrtropolltAti shnres.
Tho common atock, irhlch bad held out
stoutly for several days, waa popularly sop-
posed that unlimited support waa to be ex
tended at 60, started out with sales at 49
to 4SVi, and In the next few minutes broke
wide open. By the end of the first hour
the common shares were down 7 points and
the preferred nearly 3 from laat nlght’a
closing. For a while tha reat of tha mar
ket wavered under the shock and prices
reacted sharply.
But there was good buying power all
through the Hat, nnd by uoon sufficient evl
dence bad been given that the market as a
whole had cut looae from the Interborougb
movement,
GOVERNMENT WEEKLY
REPORT ON WEATHER
was abnormally loffr during the forepart of
nights were too cool. Rainfall nnder one
Inch occurred over small areas la central,
northwestern and extreme southern coun
ties: aone elsewhere, and waa deficient
everywhere. A general, soaklug rain
Alabama (Montgomery)—Moderate temper
tores and showery weather prevailed. Thi
rainfall waa light to moderate over the
rnlna In some eastern counties.
Georgia lAtlantn)—The weather was cool,
cloudy nnd disagreeable, and rains were of
diflly occurrence In most districts. The
mean temperatures were 2 to 5 degress be
low normal nnd tho rainfall decidedly ahoTo
the average. The rainfall on the 12th. 13th.
15th nnd 16th was excessive, total amonnta
shore T Inrhca being reported" from some
staRons.
Ijoulslana (New OrleansV— light showers
occurred In scattered places on two days,
bat normal sunshine nnd dry winds Inn-n
ut fled the prevailing drouth generally. Tho
temrerature was above the normal In the
aouthern portion and slightly below In tha
Mississippi (Vicksburg)—During the
part of the week nights were cool,
during the latter part the dors were hot.
_ „ Jtfl
Tho mean temperature waa all|
(tL
Coploi
In the
lout showers fall
ghtly lielow
Wsdnesdl
prtl
waa light. Thero wna
North Carolina (Ralelah)-The week waa
generally cloudy, with frequent rains aver
aging three Inches above normal., home
tbo latter l*dng warmer.
waa 4 degrees below the nornlal..
Oklahoma sad Indian Tot
GIBERT & CLAY'S
DAILY COTTON LETTER
New Orleans. June 19,-Eariy cables ex
preseed complete satisfaction at the ex.
cellent trade that Manchester reported and
were expectant of a steady nnd higher
: In consequence, but later in the
options developed considerable weak-
western Texaawaa cauriag eerioun delay
In the development of the crop In that aec-
tlou. The government a weekly weather re
port bore out this concern la no uncertain
manner, and Indicated that generally •»«-
ible conditions la aome ©fjtao lar
rmnx — Mfllfl
sets
drought ha. aMuuinl. l onM.mro
part of tkoa. favorable to higher — .
wan* to And hot llttlo aanranc. bowrrar.
la this new phaat of tha waatbor. a; no
aopport of conawntanoo la ootlcaabla froai
thl» aourre. aod It »ow approra aa If tha
market wool-1 work lowar oo aawa of an,
favorable t-haraetav.
% Jim II
. jin '"
clrmlar
Jt.—Charlro D. Krromaa.
tndoavorW
_ , tloa lo Now Tork.
flop of valuea la rapid!, taklag
rut to attalri.
rk. Eqnalba-
.... ag Mara, ud
from bow on the oew wop^afi oM will
rropoad to tbo latoeaeoa oarrooodlag tkroi
ERA
jsraBwsar.as
Ssa? iifk n'raT «&
deters
a romlng rroetton In the trotlle ln-lo.tr/
from China to Kail Blrer. Third, that tho
cotton crop tkla /tor promlara to uerad
the reqolrementa-
GIBERT A CLAY
'* t ALABAMA BT.
STOCKS. BONOS.
COTTON. CRAIN,
corrre. wrovisions
ATLANTA. OA.
_ _ Torrltor/—Ideal bar-
vent waathcr pravalled dorlng the weak,
the akr liclng gcnorall/ clear. The earl/
imrt of tho wee* wan cool and the latter
port aroaonahl/ warm. Scattered ahowera
occurred on two dava. the precipitation for
tbo weak Itelng dectdedlr defldeot.
South t’arotlaa (ColumbU)-Thc week waa
cenerall/ cloud/ with frequent ralna The
peeelpitatioa average.1 about 4 luebea In ex-
ctaa of tbo Boema” Temporaturo waa I do-
green below the normal.
Texta (Oalroatoa)—The week waa ganet-
all/ fair and warm. 1-taht acatterad ahow-
ara occurred on the 12tG and 14th, but tho
rainfall waa derided), deficient aad drouth
la acutbeaatern eounUaa. baa baeoraa verr
ecrloua. klotatnre la nedeed la nearl, all
fmrtlona of Toiaa.
Tenneaaee (N«ahylllt) r The temperature
Iderabl, k!ow the normal nnd
14th.
areraged eotwlderabl/ lielow the nonrni
waa unuaaall, lower on the Uth and .
Khowera occurred from the l!th to Uth. but
moutl, la tha roattwn aeetlon. the greuter
part of weatern ueetloui receiving ver, light
nlufall.
DROUGHT IN TEXAS;
TOO HUGH RAIN IN EAST
New York. Juno W.-The Rnn uara: 'The
upahot waa a dtw fit Jut, hare and In- New
Orleaaa 0« liquidation, uad an odyaucc In
tho next crop *
' In Tci
Klcctric..
Illinois Central..
American Ice Securities......
Louisville anil Nashville
Mexican Central
York. Ontario and Western..
National Lead t
Northern Pacific
New York fcntral
Norfolk nnd Western
Penusj*
People
Pressed Rteel Car
ten
do. preferred
Pacific Mall
MmmIu
do. preferred
United .State* Rubber
do. preferred
Southern Pacific
Southern Hallway
do. preferred
RloeoJthetnrid
Tenues*** Pont and Iron
Texas and Pacific
Union Pnrlflc............
United 8taten Rteel
do. prcferrtd..^,..
Vlrginln-Unrnllna Chemical
do. prefetred
Western Union
Wabash *
do. preferred * *
Wisconsin Central
do. preferred.......
TIPS FLASHED
From Wall Street
Private Wire to Ware & Iceland.
New York. June 19.—London «4 to *i higher
ml should create rallies, especially In
Vennaylvanla. for official announcement has
tiecn made of Its 160,000,000 1% per cent loan
In Paris..
ip conditions greatly Imnrovad, and
while time money la held very firm, call and
short time loans not expected to change
IA largb abort Interoat oxiats, bat tbpre are
hints of bear attacks being met with on a
number of active atock*. when rallies ap
pear they will be eharpt and would favor
J tcel preferred. Copper, Atrhlsnn, Union
Summary of yesterday's atock market by
Dow, Jones A Co.:
American stocks In London strong, U to
!« per cent above parity.
Pennsylvania places 350.000,000 3\ per cent
bonds In Paris.
ogre*
i bllL
on form of packing house In-
Foreign markets qulat, but consols con
tinue very heavy.
Private Wire to Glhert A Clay.
The atock market In Ju a much better
poettlou now technically.
Would buy St. Fau! on the weak spots for
New York. June lf.-Danlel Odell A Co.:
Developments over night do not Indicate to
French money field to ns. will be sub-
weakened technique pointed out by
us yesterday morning, ao that for the pres
ent selling on the displays of strength nnd
buying on the raided weakness will give the
bent results to the dally trader, according
to oar calculations. If conservatism Is em
ployed and fair profits taken.
ills loan In Paris. Tbe loan Is officially
announced as Buccc**ful, nnd we may have
some recovery today.
Marshall, Spader A Co.: As was tbe <
ay, foil
ml Ind*
■l'liiii' i’iiii-iiib iiimmii mi. n-iiui) iviiiiin innii.
but pending other rouidilcratlons connected
with the moaey market w© are not pre
pared to ace more than n good rally.
STOCK 8ALE8.
general business.
— d during
week for 1907 delivery exceed 128,000 tons.
Movement of live stock and provisions at
Chicago very heavy. Indicating no local
tronbla from beef exposures yet.
^Cgj^rJgd weather £ go?dltlona generally
more favorable.
New Orleans reporta general trade condi
tions fully up to the average of prevloua
Twelve Industrials declined .81 per cent.
Twenty active railroads declined .44 per
1 p. m* !! !! 1
Vot.r-." v, ■*. v. "i,«
rharlea Jarroth baa Juat driven up a
noted mountain, Arthur’. Saat, Edin
burgh, In a S:-horae power motor car,
carrying alx i-naarngrrH. Mr. Jarroth
aacended to a halght of 1,400 feet. It
waa the drat motor aacent of the
mountain ever made.
German firm* are unable to nil all
foreign order* for automobile#. Vice
Conaul Hchtemmer, of Mannheim,
write* that the German motor produc
tion for 1901 waa 110,000,000, the export
to England and France Im-rearing 400
per cent.
ataalppl' river nia, hxre dune ilaiwu-.
that toda/'a Eor.rmn.pt remit may
M b aotae rroprota of a bulllah character.
/ price. Wara lower oa all month;
parthr on the Ida* that tha ralna weat of
Mlaalaalppl. .ranglag from Oklahoma to
Canada, were beoad to reach T.xaa, There
were alao aome report* of rain In Tex.a
which were not conflrated. Th* waother
gagiiiiMlgM M nM
rain fttl- *«e,t)i4-ru
exaa, Mverponl reported a hri.k apot de
mand, tha aontbern apot market, wara ffa
mily atroi'
current report, a tat. Sut
op la neeomlnx graaa. In parti of tha
naa aad lieorria, ottlnj; fn rontlnued
rather. If lal.ir la na .roroa oa gon-
reported tkla ma, broom, a factor."—
wet weather.
SKftTci!?.
■Helling Jnl, oa genet
buying October on the
talent ou the edge of <
pectaocy most of
tbe' aaaaton and nth real tone to ve.ter-
da/’a cotton market It new beglna to
\onk aa though th* Mg frilewa. or at leaat
te of them, had deetdcl t-. trot th. fata
guetuatfuia ao that op5o* nwho'lt eleerly
better grace end fewer apriogtea. and many
men bar* beta* to qurotl-m tbo atmple
fritb the, have placed la the brorl.h new
SR whirl, to * tarxn extent. I.
thumb wsy’of rS-klurffthlnga TtSthon-
PrnJ atllV*dr,t "n-d drift* furSr^ 1 ^
K2Tti.tf.tM InjSr aKSit
MSS t* In mom concrete
rp**rt of
lorn, tbe purport i
rkettag
ate la I
tbo lata tendene/.”—
THE METAL MARKET.
MEMBERS
x*’ Tark Strok Exchange [New Orlron. Cotton Kirhanx. IChlrifo iJ f A l2rt5tton
York Cntten exchange. New Orleans Htoric Exchange. I.tverpool < ottno Ass^.sn^n
York Coffee Exching* New Orleans R:«rd of Irsu*. : «#alx*ston Cotton Exfbsoga.
aler tendency
waa a how n tnttu. j.artlalt, due to tba lower
Lscel and Le«*q Ditto -tee Telephene M*.
all Earhangra
raMee from atwna-l
era ' Copper vn -inlet bqt a*--i-ly.
W. R. FAGAN, Manager, i nt.-I .p-f’-r e-r- uneb»t,j«l.
tfll. L. PEEIo Prealdent.
' IIOBT. F. MADDOX. Vlrr I-rro.
TUOB. J. PEEPI.EB. Caahlar.
JAK. li. I.KHTRIt. Aa.’r <
MADD0X-RUCKER BANKING CO.
$200,000.00
$500,000.00
CAPITAL
SURPLUS AND PROFITS . .
I ACCOUNTS INVITED
We invite accounts of individuals, corporations, banks
and bankers and oiler the best terms consistent with
Conservative banking.
In our Ravings Department we allow Interest at the Rate of 8 1-8 per
cent, Compounded Semi-Annually.
HUBBARD BROS &C0„ MERCHANTS
Atlanta Office*, 219-111 Century Building.
Member* New York Cotton Exchange, New Or-
leani Cotton Exchange, Liverpool Cotton Asto-
elation, Chicago Board of Trade. New York Cof
fee Exchange, New York Produce Exchange.
BuilneM aollrlted for the above exchange..
Direct wire aervlce. Correapondenc* Invited.
Phone* 454, Long Distance 19. A.S. Huatace. Mgr.
ATLANTA NATIONAL BANK
ATLANTA, GA.
C. E. CURRIER. Prealdent. A. E. THORNTON, Vlce-Prealdent.
H. T. INMAN, Vlee-Preeldent. GEO.. R. DONOVAN, Cgihler.
JAME* S. FLOYD, Ate’t Cethler.
Capital $506,000.#®
Surplus aad Undivided Profita $500,000.00
We Solicit Your Patronage.
NOTES ON GRAIN
Polntefa on Provisions.
Private Wlra to Glbort k Ulay.
Liverpool pool H to Hd lower.
turned sellers.
into that they have not the rourag* to fol
* * ‘isdc© It reqlured verj
part of th* bulla to
little support on th** .»* rt St
prevent material decline. Th* i
that wc can or* to sustain vslui
serious crop accident.
Chicago Record-HeraId: Rate over Bun
grate markets. Wheat suffered leas than
auythlng else. There waa a moderate rush
of selling early by the- extreme weakness
shown In corn and oats, but It failed to dls
lodge any of the leading holders, or, In fact,
any material number of smaller ones. Af
ter tbs first rush ths markst became ex
HUII ana at
tremely dull and at times acted very weary,
A gtMHi portion of the early loss neverthe
less recovered later. The Improvement was
due entirely to covering by ecsiplng sir—-
who were afraid the early aelllug had
ie°Ur*aklng of the western drouth made
isrket In —
a wild opening market In corn. There waa
aelllag from all directions, but the aggre
gate was not too large for the trade to ah-
..as not too largo . . mmpi
sorb. Neverthalass there was no unthual<
asm on the part of the new buyers, and
the market changed only slightly from ths
early Uscllne.
Rates In Nsbraska had the expected el
to. The competition lior
feet on oate.
... r itwou ael
era as the start waa ao fierce that sales
prices, t’ash grate coaCema and larger
■peculators Imught a great deni of May on
the earl/ slump. Commission houses geni
ally had resting orders that were anfflrl*
to make a play for quantities of other
"Srt
local Interests. This finally affected
Mier Items, which UUM
rly well supported.
Prlvste Wire to Were k Intend.
wlrt
». Jw
JBli, UdiBi
over July In sti
oats 68,800.
Chicago
i In Chirai
The seaboard sold 113,000
84,000 were Manitoba.
wheat, of which
There waa no buslnaaa In corn and oats.
About May 10, when July wheat sold In
Chicago at *4tte. Heptemlwr In Liverpool
waa around 8a 7d. Now July wheat la 6Sc
and Liverpool la 8a 8d.
holders of rorn In Illlnol* ami Nebraska.
ifo 1,000,000 bushel* cofu 9
positions during the dsv.
Nebrnskn liouso said between 600,000
‘ Mis bod been hough t In
Illinois the prim bid H-itui
__ (/>*• in llif tin iid’I ! I ii min
of points, nnd It brought out a lot of corn.
itmhcln.
ougb the cot..— . .
uw.000 bushels at prices tbo highest of tbe
through the corn belt liought from 80,000 to
"I figure that JCnnsna Will have between
66,000,000 and 70,000,000 bushels wheat this
year, said C. N. Ilnvutnn, of Kansns City.
'III. f r<ij» III Nfhrn-kn Iiiir ImcH cut ihiwil
fully 10 per cent by th© drouth, nnd
not think th* rains will help It much
northern Kansas ami Nebraska It T
ed prematurely. Corn Is backward In
ans, Nebraska ond Missouri, but In Illinois
It look* all right. Oklahoma has a good
id there ore n few spots down li
TONE AT OPENING
STEADY IN WHEAT
LATER ADVANCED OVER
YESTERDAY’S CLOSE.
On Buying by Several Bull Lead
ers and Commission
Houses.
By Trlvate Laaaed YVIro.
Chicago, June IS.—Tired bull Inn*,
continued to drop down and out—not
unlike the laat ro»e of summer—leaf by
leaf. The liquidation of ton* holding,
waa kept up steadily during the day
at the expenae of price*. There mo
atlll aome long line*, however, that the
bear, are gunning for. Cloalng price,
for th* day ahowed losaea of l-.tfl-Xr
In wheat, !-4©lc In corn and T-Kutl t-S
In oata. Provisions, 2 t-J^ilOc lower.
Caah aalea were only moderate and
price* were lower all around.
The world’* vlelble eupply of grain
ahowed a decrease of 2.300.000 buahela
for th* w*ak, compand with n -lerreaae
of 2,737,000 a year ago.
Primary receipt* of wheat, 267,000
buahela and corn 1,125,000 huaheie,
compared with 242,000 and SfS.OOO
buahela, reapectlvely, a year ago.
Clearance* wore 1.100 barrels flour,
no wheat, 14,000 buaheli com, and no
oat*. ,
CHICAGO GRAIN MARKET.
w nr. at—
mi ii 9
CORN—
July: .
Hept. .
MW
tot.
oatA-
Jul/. . 40 4014
Dec. .. *7Vi 27N
1’OHK—
July. .tl.KH 17.00
July. , I.M I.KM
€‘•1:811
8IDB8-
July. . 8.40 8.46
Kept. . 8.26 9.20
Oct. 9.0744.. 9.1344
30?fc
8.7744
8.90
8.9244
PRIMARY MOVEMENT.
figures give tba primary
movement ,,f
Wheat Iteeelpts to.
n cm I net . L'.ntl IiurIicIr
tuilnv 1,13,000 ImihIicIm,
els last year.
117.000
hist yes
gal ust 9i8,<
it year.
i - ...
against 29A000 busbtL
tiHlay 631.000 bushels, against 343,000
last year.
•hit*
CHICAGO CAR LOT8.
Wheat
Corn ...
Oate ...
Hugs
crop, and there are a few ppots down In
Indian Territory where wheat la going 25
lusbsls to tho acre.'*
Contract stocks te Chicago:
This last
warn.
8 hard
8 rad
<n. 1 northern.
Oata
Week.
1,797,618
78.808
•80.228,
113.000
39.000
Ijsat
Year.
ftr
If. C. Huahand, of N,w Harmony, Ind.,
Iwraty mllM from Kroni.lilf-. ray, whrat
(a a In. rrup. Ilia rounty will ralae 1,000.-
So hu.tiala^agldna^ 7»ft0j^taa^e*^^iiri
not'good owing to dri
I or rata and corn la
Iroutb.
pork by brokara. nuylng arof
NEW YORK COFFEE MARKET.
Tha
-.ltd cl
dellnry tod
talila gt.ra lha opening
tlon. for rnffao for foturu
n New To
Open
Jannary ,
flaroh" 7 :::::::::::: tj
tSSlvI
.Tune.. ,# a* *• a* a* a* *» §.<
Heptendtcr
Msmt •• ••
November.. .* •* •• •*
SrxMi:
Qlbart A Clay’a Qraln Lattar.
Chicago, Juna IS.—Th* trad* In
wheat today has been rather alow and
faaturalaaa. Prices have ruled soma
Inwar, but considering th* waaknaaa
In coarse grain, farorabla weather and
the amount of wheat that was thrown
on the market, the undertone has dis
played remarkable llrmneaa The spec,
ulatlve trad* has every appearance of
ima to b* awaiting further devel
opments. Aa w* have had quit# a
setback In th* past few day* and aa
any rhange In present condition* would
favor th* bull* wa rather favor th*
buying aide on abort wheat, believing
reaction to b* (ftore than probable.
Com scored a further decline today,
due to heavy rainfall throughout Mia-
aourl and Northwest. Liberal accept-
ancea of ovamlght bids and further
juldatlon on th* pert of discouraged
hulls. Home little strength developed
rarty In th* May future, but aa renewed
liquidation set.lq market Immediately
tamed nnd thereafter routed heavy.
Anally closing weak near th* low fig
ures of th* day. Look, aa If we have
had sufficient break for the present.
Oats.—Further liquidation aa result
Improved conditions and keadne.s
LIVERPOOL GRAIN MARKET.
Wheat opened *4 lower; 1:20 p.
The work of th* feat three year. In
Germany nnd France la animated by
Professor I’or: I" to blu e yielded shout
u pound of redluiu Anieitcit's stork
of ntdluoi s/i!i, reduced to the strength
known one million, would half (III a
lady’s thimble.
The Germans spend on drink In a
yrnr about ,700.000.0110, which I- three
tluifi tli,I ,'.el of tin- nri,iv and navy
combined, or ficvr-n times tin- cost of
primary education to tho country, and
olmns^ equals tho national debt.
In com were responsible' for the de.
dine In oats. Outside of thin there
was no feature In tho market. On ths
decline fair buying developed. As the
bull* ar* still In ' oiitrol nnd ■< they
will doubtless support the market <»n
any fm I h,-r r,-, i-nalon, U looks aa If oats
should prove a purchase for at least a
turn.
Provisions.—The only-feature In pro
visions today has been selling of pork
nnd buying of ribs by foreigners. Mnr-
ket wan quite heavy early, due to liqui
dation on the-part of local croud Fair
buying developed, which recovered the
decline and caused the market to rule
steady, but dull throughout the re
mainder of the setsloa
SOUTHERN EXCHANGE
Oldest Established Office ffouth.
COTTON STOWS BONDS—6NANI
Ground Floor Gould Building. Dull/
murket letter ond market manual
malted on application
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, 6RAIN
Cormsondsnt's Cipltil $260,000
acrcaiNcc, the ncal sank
■HONK I4IT. P»aUOCNTIAL ULOO
WARE A L, E L AN D „
COTTON, GRAIN, PROVISI&NS/5TOCKS, BONDS,
CM<s#»
MIMKIS
ft#. 3 Will St.. fftyj BAlhiti. Ot.
Chl<i§» •##ti #f ffsfl#.
Lh iiii SfKt hihiifi.
irk Cilln tukiifi.
New Orhim Ciitu
Lhitfiil Cittii Aiimitlii.
hint• Wires Ii New ink. ft#w Oflmt, ChUifi.
Bell Fhm IJ4J.
Stnhrd 1
PIEDMONT BROKERAGE CO.,
(Inoorpnrataff.) Basement Floor Pioflmoirt Hotel.
STOCKS. nONDS, GRAIN. PROVISIONS. INVCSTMCNTi,
F«st Wir© Sorvieo from Now York, N#w Orloans, Chicogo.
CORRCSPONOCNTS