The Atlanta Georgian. (Atlanta, GA.) 1906-1907, June 20, 1906, Image 11

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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