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

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WBnxKfWAT, rrsr. ». rr*.. TITTi: ATLANTA GEORGIAN. JOSEPH B. LIVELY! THE GEORGIAN’S RECORD OF MARKETS AND FINANCE J«3 • ——————— ■ ■ ■" '■■■■' ■ ~ ~ — ■ ■■■■■■— 1 ■ 11 ■ ■ -*ar« - experlenm i In Atlanta and rh h** made hint a rec- fhorlfjr In hi* specialty. ■WITHJONE WEAK riSMED LATER ON DRY WEATHER IN TEXAS. Scored a Sharp Advance from the Low Point of the Morning;. •rh. .vm* York ration mirk.t fnr future itefleerr nptuni Mil* morula, iritli more irrititr this hn» liran ill.plnyr.1 for >oni« 7im* oa«t. bn 1 * «hll* the rupii— to .Unlit, tr tietter Urefpool adrlrra thnn hnd been eireet'tl. July belling off 10 nolnte in the lint ten minute* of the xi'ralmi tr'th the liter month* byapathlXng n few polnta. n imMeii .lunge In rentlniont tonic plara and from the low point a ellHIp recovery writs Th/rmitlnSanra of the drought to Trent hill a treat deni to do with the better feel Ilf among the operator* after the opening. ■i„l there wan roualderalde covering end »mie good hnylng of the new crop mouth*, ft aatd *l*o that the lliinldntlon In iglr «** about over. *hu» removing a th- prr**tng Influence. At midday at) Improvement wna noteil ill along the line. prlie hiia laaneil a elrettlar la whien he Ultra boll weerll la In !< of 160 In Texaa. Mil-weekly reeeiprn nt the Interior leirna are 1661. agnlnnt 1»,7«9 lant year. Wtlpmenla. 14,1*6. agalfal JiMl la at year, flioi-lt*. 164.167. ngalnat 180.40; laat year, nine Friday atoeka have lout fl.SOJ Imlea. After the midday nplnru the market r»- lipaeil Into dnllneu. nml fluctuation* flt Private L*a«*fl Wire, icw Vork. June JD.-Tt the outlet today made _ .... raldea. The lint wan affected by further IliuldatloD of Jnly, fhe rennlt of call* for margin* cent ant laat night. The price broke from lO.Me to 10.3c In the flrat i- n SPOT COTTON MARKET. 0.96c. New iiriranif-Ontet. 1» 15-16*. I.lterpool—Barely ntetidy. SOW. Auguala— .Steady. 11c. aavannah—yulct, 10V. Xorfolk-Hteady. HHc. RANGE IN NEW YORK COTTON. The following la tha range In cotton future* In New Vork todey: La*t Prevlone Open. High. How. Sale. Oloee. Claee. June .. * M.t7-43 1I.XWJ July ..10.K 10.41 10.» 10.16 IO.J3-40 10.JI.Js .10.31 10.44 10.5? 10.43 10.43-4J 10J3-M ..10.30 10.43 10. JO 10.40 10.3040 10.J04J Hoc. ..10.33 10.43 10.(7 10.47 10.(7-43 IO.SMO J*n. ..10.44 10.33 10.43 10.11 10.6143 10.44-45 Fch. ..10.61 10.61 10.61 10.61 l*.il-53 10.44-4* Meh ..10.43 10.67 10.43 10.66 10.68-00 10.61-63 t'loaed ateedy. RANGS IN NEW ORLEANS COTTON 1’revlotui Open. High. leow. Hale. (Iw. Cloee. July .10.M 10J8 10.79 10.93 19.91*92 10.17-18 Aug. ..10.4* 10.66 10.41 10.64 10.63 64 10.4*47 10.97-99 10.41-42 «ri. ..10.27 10.S7 10.2* 10.M 10.9647 10.349 i»r. '.lio.fi iilio iV» iolii itJM9 lolu-tt }»». ..10.97 10.46 10.97 10.tf 1*9947 20.97*19 Fab 10.68-90 M<h 10.4941 LIVERPOOL COTTON MARKET. Liverpool, Jtine 90.-12:13 p. m.—Demand for spot cotton fair, with prices barely itradr. Middling upland*. 6.rt>d. Hale*. 12.- *W: American. 11.000. Hpeculatlnn and ex- port. l.noo. Hrcelpt*. 4,000, *11 American. Future* opened quiet **d steady. Opening rrerlou* flan** Cloee. Cloee. Inn# 6.7*4.77 6.10 6.764.79 1:51' 1:551:5115? at, Asg.-Repl 6.334.(3 3.70 Npt. ltct 5.M4 "et. Nov 3.63 Jer.diec MM*. .. I"*. J»n 6.134.17 6.1 . jl» Fob 5.674.63 J.6» r-h Mutch 6.63 6.M4.31 no,.* very etendy. tt is 6.694.90 1.91 NEWS AND GOSSIP Of the Fleecy Staple. Pritrata Wire to Olliert A Clay* New kork. June 20.—Nonleu heavy seller of old crop on the call., Liverpool cables liquidation now over. Liquidation of July continue* and there I* miscellaneous buying of the new crop* this moralug. - w . _rioy I tone of market ft very heavy. Pearsall good seller October at 10.ttc. Liverpool cablet: "Market steady at the decline: fresh trad* devoptng; spinners "ailing. Journal of Commerce: “The dry goodL market Is In condition where the workings of the business laws of supply and demand are dearly apparent. While some lines of heavy sheetings are declining, other lines are advancing. Horae lines of printed roods are halting and other lines are sell ing freely. In fact, the market Is In a state where none of the leader* wll erallse about It. although most of believe It Is In a much struuger condition than buyers concede/' New Orleans. June 20.—On an Inquiry by thla exchange as to date of Issue of next report on cotton and also whether or not the Issuing of monthly condition reports Axed by law. the chief statistician of rtrnent aaya: ’The next report mi will 1»e Issued July 9. Kxlating law Is construed to M)utre Issuance of all monthly cotton reports on the 2d of etch month. He also aaya that there is a bill liefore congress providing for the Is suing of reports on or before the 10th of each month, provided that in montha In which both condition and ginnera' reports __ JfiL ... bama and Tennessee, uui *u*» nmiun j* remarkably dear, only a few stations re porting even cloudy conditions. A lower pressure now present over Western Texas seems to indicate that some wet weather will soon be observed hi that %tate. Home general liquidation of July thla inorulug. Carpenter been free seller of July here all morning. Private Wire to Ware A Leland. New York. June 20.—Liverpool futures opened steady 2 down on near. * down on late; at 12:16 p.m.. 3 to 3 down; quiet, but steady. Hales* 10,000. Hpots 6 down at 9:06. The Journal of Commerce saya: “It Is said that a good deal of cotton wilt shortly be shipped from here to Liverpool against sales there. Home attribute this to* a hitch about Insurance/' during the morning. A Liverpool cable says: “tfarket steady the dedlne. Fresh trade developing. Hplnnera calling/' Taylor. Tex.. June 20.—Weather continues -ry. No Indications for rain. Farmer* complain of weevil and lice. PIEDMONT BROKERAGE CO.'S DAILY MARKET LETTER OF STOCKS EARLY HAS BEEN HOLDING OFF FOR LONG WHILE. That and Other Bullish Influences Opened the Market at General Gaines. Private Leased Wire. >w York. June 20.—There wna nougb _____ , yesterday to cause another sharp rise In prices at to day's opening. London, apparently or Hi result of orders from New York, was mad to send over n decidedly higher Hot f«> American stork*. nnd efforts were pftlpnMy made at the outset here to rcfiHxc profits ? * quirk os possible. The gnlus .•xtend*«i rom a half point to two points In the active shares, with greatest strength In St. Paul. Union Pncltlc, Heading. Norfolk nml Western nnd Chesapeake and Ohio. In many cases these Initial quotations prored to In* the best of tha raorulng. Heavy realizing •ales poured Into the market on the flit- vance. nml further upward tendency was quickly checked. Outside newtC what there «nrric^i worn up a emu n dusuoi. uw stock market was governed, as It has be.-n for a long time past, mainly by vorylng vlewa as to Its own Internal position. The stock market showed general ml ranees at the opening. Anaconda started J points higher. Smelting 1*4. Heading l‘», Kt. Paul K higher, Amaigaranted 4. I ulon P*| rifle %, Pennsylvania 4. There were nu merous Improvements of 4 to 4 i>er cent. The strength that developed In*the market following the official announcement of the placing of the Pennsylvania loan In Tarls continued without slwtement this morning, and prices for practically everything on the list made material gains In the first hour. the most Important __ nected Increase In the Dsltlmoro and Ohio dividend and the declaration of a dividend on American (jocomotlre common today. dividend at on Araeric— 4 — Ixindon, for the flrat time in a long wl were buyers of almut 2.000 shares Imre. In "Pin 1*11.6 - I ■ N m*U v llvit . 311 rinding Heading. Union Pacific, Mouthcru Paelflc. Hteela nnd Ht. Paul, . Oovernmenta unchanged. Other bonds firm. New York, June 20.—Liquidation and preasure In July nnd August contractu weighed upon the market this morning, and shortly after the opening new low tec- ords were made. July selling down lfl pom r«|6irs luvnm mu iu'.' take Spots on this basis. Hales there wore 10,000 bales, at 6 points decline. Manchester report* yarns strong, cloth* firm but quiet. After the noon hour a sharp rally occurred, the new crop option* showing their Inde* pendence. and advanced 6 polnta tfium tk* TODAY’S RORT RECEIPTS. today, com par it year: -V." Orient! ftilrestpn Heidis v ... **»«miah •’hirlMtoo ... . Jilmington Jerftdk ... I** York ... . Philadelphia . ... ..... Tetsl ll§ "im"' •A m INTERIOR MOVEMENT. Houston fluffs ... m *43? .. ESTIMATED RECEIPTS. Hew Orleans expects :00 to 1.00^ bale* •Wlfitt 1,642 iMtles actual last year: Ualves- £• sxpects 60S to LOOO l>nlea. agsln-t 1.099 ! rf‘2* ■ytual last year: Houston expects .•>» ■falbat 2.020 bales actual last COTTON SEED OIL MARKET. York. Jon, JO.-Tli, ranrk-t tor rnt- 6-*4 "II w.« again with null . ? r-portn nt tb. InwMI itIi-i>< >>n tbl. ITU**- OtMlnn worn In .mull lot*, tb, ■wrk.r oft with «n nhifnr, nf .up- XT* 1(1 tb, ^intlnu^l lnfllfr,r,nf« fl. to -*»b portion, m. off,rlnc* of ,»»b .null. Ih. fl.mnni I. nlto .ttiill J". no*i H f,«tur,». N»«r crop d,llT- Sf*-. *n»«M. inntlnu, r,Intir,lr .t.odj, S:* 1 ?* t.ry mtl, r,„.»tnn with th, do- K,i; ik. «m. rri-,. .1 th- ,!•>„ «”* V blikor to Me low,r.-W.r, 4 L»1«n-I. Opening. Glose. ...w ns41f*4 ...354ff* »4$3< 3S\j34U ...24 $344 ** $344 .. .31*.17314* Jl'.fhlL ...3i Ji'.ii:;', Jou I;!.- ... 2^«bor , i"5-mb.r ... ... •l-oM ,t„dj. Tb, »i)T,rnni,nt report of jra«(,rtt*r mm to ho», mm, wHjht. »ml while ran- ,lil,r«! ImiI1I.1i, th, m,rk«t hu not full? "'Iff >n forraiut,d l«,t wrak. tb, Boltlmon nml Ohio rtlrldfiMl w«« tod., InmaRil to ■ 3 p,r rant hnal,. Th, notion of nil nnh- ■Idlnrr ntooltn of the IVminrlrrnln rnllrand lend, n, to think thnt mob notion will, bo tnkon with t'hranponko nnd Ob o nnd Nor- folb nnd TVontran, whli-h dl.ldomln will rrolMililjr In- tnorraM nlno. Tb, mnrk,t hnn t .—j nm | .imdr nil mornlnR. ' 1 to 3 p,r rant ,it,ndln( Tb, plnoln* of Anirrlonn Imramotlre ooimtion todnj on n I per rant l Ml i a and th, talk of n nnmler of oth,r m “k. Mnn pnt on dlrldnnd ImnU. to- nnthnr with the inonoj- market, of Frnnra open to tin. fnrortlil, oropn nnd etmllont ttn.lnenn in nil linen, wn fin uo no ten ion why ntook, nbonld not be bought on wrak •pot,. L. J. ANDERSON A CO.'S.. , _____ DAILY COTTON LETTER New York. June M.-Llrerpool did not re- .pond to the dralln. In our m«rk,t mt,r- dny, npot bnyern l>,ln* RoJIr, ,nd fndfn not In-in* Inclined to follow the brartlh Motion In our market, In th* fnra of ■ tmlllnh wrakly raport. u . After th, opening In X,w York n Id* ef fort wan mad, to force prloen down by heavy selling, and Julv Sobi as luw as 10.24, but at that level considerable resistance wn, met. mipporadly Imyln* f"- «P®* terrain ,nd prlran reoorered qnlekly. By noon the market hnd ndrnnoed n*nln tojfl for July with the tone much ntradler. The placing of July on n mere normal bnnla In nrlncms th, mllln into tkn ranrk,t. nnd. M •tiled yriterday. prlran nhould now '■* mtlnr on n more nranre fonndntlon. Th,*fnll nml winter mnntbe ronllnne to ehow n ntrady front, nnd the hnyln* of thou option, eeomt to he for ntron* jol'r- aala. We rantlnne to think cotton nbonld lie picked up nt th.nc prlran. GIBERT i CLAY'S DAILY COTTON LETTER New OHrann. Juno JU-Nown from foreljn nonreeo wn, oitroinely fflyonhl, thl, morn ing. nnd won of n more prooonneNl tinUlek tenor. The Inrge. .tradlly mnletntned pnr JULY BROKE BADLY; OTHERS SYMPATHIZED New York. Jane 20.—Tlin New- York Hun uye: Jnly lirbke hndlr nnd other njontb. .yinpntbl.od. The llnulilatlon In Jnly wan large, partly for lending bulls, but there was s!ao a good deal or tcit t to red selling. Aborts seised the opportunity to attack tbc next crop mouths, although the government aaya the drouth In southeastern Texas is Incoming very serious. Hslu Is also needed In Arkansas. ladlan Tern- nn-i i-iiImI nun. It was excessive In Georgia and tbs Carolina* last week. Though Price nm) Weld A Co. sold July and are supposed to have bought October, 61c Fad den Br««. sold her nnd August nnd bought July on __ >rcnk. L!vcrp«6»d was active nnd Man chester bullish. Home thluk that as aoun as tbo market ruts loose from Jnly the 14.3 per cent In Indian Territory and ,3- RANGE OF NEW YORK STOCK MARKET OpcujHftfh Low.[Close hi.mI topper t"oftet Line... Hugsr HeAtiiug...., lo preferred Atchison do preferred Amerlran Cotton Oil Central leather * do preferred 'hiesgo and Hreat Western Chb ngo. Miluuukee nnd Ht. I'aul.., Illinois Central. Ainerlrsn Ice Heeurltlet Ie»ulsvllle nml Nashville Mexican Central Missouri Pacific........ New York. Ontario mid Western. National Lend...........,.* Northern Pncltlc /, New York Central..... Norfolk nml Western Pennsylvania ; People’s tias Pressed Steel Car.............. do. preferred.*.,. Pncltlc Mall.... lb-Ailing Republic Steel Hotftera Pacfflct.., Southern KitHwa/ do. preferred.. Bloes-Hbefflebl Tennessee Coal and Iran * Texas .and Pacific Union Pacific United .States Htcel do. preferred Virginia ('nrollnn Chemical «... do. preferred estern Union 106HI 1064, V\\ 10641 r» [ 1044 144 1 44 ll.’S! 14.1 i 143 Vi 1<«4 13.74 1414 1314 1334 13-1 l 13.\ 261 ! 2494' 2614 »!', 24:» t 724 724 71 I 714; 71S 714 116 ..... 1614 I61H! w 1514 1M4 1434 11941 117 1194 1144 1144- II64 w»4 1^4 103 » 3-4 2^4 li:*4 117% 114 S1U; 804 Sl»c| 1694 11“ 118 I im?! 184 50*4 2^1 2094 104 ! 2on{ til 6*41 r^4 594 694 19 674 634 644 SiV 6341 634 624 4') f 40 WV 394) 394( Sf 102 102 102 P>: 101U ...... 6041 <1 ; oou' soul eou m»s by spinners was repeated la today • ...jssi tlons of l^0» bales, and oews from Ms aches ter all ladlcatee the excellent eon- ditto* of the trade there, ,b "2*}L' oat the session were exceedingly steady and closed with the bare loss of 1 point. The kmjrprotraetijl drouth In Texas oat- ursllr hold* la rberk Ilf well-defined bo* r movement that would doabtleae be In order dried-up fleMs of Texas. The llnuldatloo of the July position contlnuee te bold the fnteraet of fi* tnp *»tknllcd « the ex- oense of either Influeaces affecting the ssSi tSs these proceedtnge began, hnt wilt ndtan- tsge was gained. If ndfnntsge there was, by*either side was lott fo view In the final adjustment *fn price. GIBERT & CLAY per cent In Oklahoma, nnd that the condi tion compared with list year Is 109.7_por rent In Texas, 103.4 per cent In Indian Ter ritory and 102 per cent In Oklahoma.—<11 hert * Clay. New Orleans. Jane *>.—Scalper* and those Ng fellow* who have hnd designs on tip 1 July position turned away In disgust, nnd yesterday’* cotton market suffered signally •Imply because there was uo Incentive to buy the stuff. The spot market was lower by He. The trade was sick, but the doctors offered no panacea. The market was fea tureless ana comment was confined for the most port to “cussing’' fate, fickle fortune and the fart that something, “any obi thing," refuses to happen. For the moment the drouth In south Texas Is the only ranlly tangible sustaining factor. A good rsin there and the talent, beyond the shadow of a doubt, woubl Jump on the ntaplo promptly nnd effectively ns possible for the reason ft might develop n trading basis In the erea of somebody. The effort to ereate a selling basis at a higher IptcI failed ut terly. ruder the fear of n July squeeze the rings have held bands off, nnd they have touched the new crop months lightly enough In the face of the knowledge that crop conditions over nlne-tentha of the belt •re flatteringly good. On the other hand, the local gladiators In the hull camp lost •ome of their old-time nerve, notwithstand ing the world's trade, and optnoers takings are both bolding up to expectations, if current conditions are to continue mueh longer professionals generally will at Inst te»t the staple's reaiataoee to lower prices, for thore now seems to be no choice In the matter. The effort of all to pick the pock ets of the few Is too rhnnkleAB and profit- less a job to but Indefinitely. 1 ndcr the circumstances yesterday's price recession of 19 points In July and 7 points on October surprised nobody.—^Ware A Inland. WARE d, LELAND'6 DAILY COTTON LETTER New York, June 20.-A continuation of. yellow. *1 to *1.26; white < to fl: market oreratorked Torn, new, 16 to 30c per doxen. Okra* per crate« $1.60 to 12. Cucumbers, per crate, 60 to 76c, mark well stocked. reaches, per crate, *1.25 to 91.60. Old Irish potatoes, per bushel, 61.25 61.30. Sweet potatoes, per bushel, 61 to 61-36- Hplnsch 61 per bushel. Asparagus 124 to l6Hc linncb. 1'caches. per crate. 61 to 61.50. Cherries, ill-quart crate, *7.60 to >3. Cantaloupe*, po** crate, 12 fo 62.50. Blackberries lv to I24c quart. J low berries 10 to llj%c quart. FLOUR. GRAIN* PROVISIONS. FLOUR.—Hostels Klegant 64..V-; IMsmoi patent 69: fa my patent 66.10; half pate 64.10 to 64.86; fancy 6190: spring wheat ‘ “ L Marvel strong. •Ire red cob 78c; So. 2 white Tic: bolted 140-lh. Jutes, per bushri, «•-. IIAY.—'Timothy, rholco large bales, 61.10: do., choice small bates *1,14; do.. No. 1 timothy bale*. |J 06; dft?, No/2 *1; do.. No. 1 clover mixed 11.06; da. No. 9 closed mixed CLOVER.—Choice 90c. The above prices nro f. o. b. Atlanta, and subject to Immediate acceptance. GROCERIES. HUOAR.-Htandard granulated 6c. New York Refined 44 tu 14; plantatlona 4 to 44?. **nrket stronger. COFFEE.—Roasted Arbuckle'e 616 60; bulk. In bags or barrela, 12V, green 10 to ■>. Market week. HICK.—Carolina 44 to 74 r , according to grade. Market very strong. CffEEHB.—Fancy full cream, fiats I4C; twine ia*ic: bricks 4c. 5(arket strong. PROVISIONS.— Supreme hams. 14yi 64c; bricks 4c. fifm /IBIONH. —fiupreme I I .... _ Ifornln hams )04e. lire sail extra rib* 9.76, bellies 20-6 the. 10.6), fat backs 8 60. plates 1.60. Hupremo lard 19. Snow Drift com pound 74. * ’ THE LIVE STOCK MARKET. m:4! 9674: qualltr good: estimated for tomorrow. "00; light. 68 F 1i8.824; mixed. |8 4O09.MI heavy.'$8 36914.974; rough. 648609 60; pigs, 66.60tfi6.40; jorkers. 66.664i9.924; good to choice heavy. t6 9of/6.674. Cattle— Receipts. 21609. Market steady to a shads lower; quality fair: beeves. 62 9*li 8.00; rnwa. 61 fn|K9»; heifers. 6140414.94; calves, 86.00S6.I6; good prime steers. 65.0049 6.00; poor to medium. 63.90S6.06; atockera and feeders, I8l70©4.66. Sheep—Reeelpta, 14*909. Market steady; quality «falr; native. RitfiCS; western, O60«£.j6; jrarllnn. MtSflLM; lamb., IS 6} ei.63; wrat.rn, X.UCIIt STOCK SALES. Bbarra 1 - pm MtSSS 3 p.m. Total THE DRY GOODS MARKET. were advanced 14c a yard yesterday and advanced 4c today. The market for today way strong on nil goods, except print cloths and heavy brown cottons, which ore atlll weak. The export trade Is very dull. Cot ton yams nhow a alight recession In price, but, ■pinners rofuse to take orders freely at lower figures. TIPS PLASHED From Wall Street. Reading and Louisville and Naibvllla ad- aneed 14 early. per cent busts. Raltlmore an<_ __ peetrd to become a 6 par cent stock and •bould stimulate Norfolk and Chesapeake Harrowing demand In the loan crowd re- w munition will L Western rails. VPBBf SRHHMPBHpppM dltlona have Improved so greatly bear am ed, especially ou dock trade. United HiTatea Steel net earn ngs predicted at 840.000,000 for this quarter New York. June 4) -Daniel 'urther short covering la likely in me stock market today, owing to s sudden change for terdty mnrnlnr. nearly always p patent these Midden alterations In technique, Invi rlably punishing dally operators who nej lect moderate profits In n trading merkeL NOTES ON GRAIN Pointers on Provisions. Private Wire to Ware A Lolnnd. Cbb.ifu. June 3A-No particular change In wheat fdtuatlnn. No eelllng preeaure • >n the market, nnd wheat bae many friendr among Iocs! operators on the theory that II Is the/iNMat commodity In the world. What effect, ff ooy, the movement of new wheat will have ou the price It the Aral point to watrh. PcrUlont have been rendered by Judge Adam* In th** Cnffed States circuit court enjoining the Cell* Commlsalou Co. nnd tbe nooovan Counnlaatou Co. from nslng. Helling or distributing directly or Indirectly the quotations of the Chicago board of trade. eastern ahlnmenta. iffiS^Vora. ’ With some dslnts of 900.000, and 116,000 oat*. Tha Seaboard did no export buslneas. Operators who rnnvaaaed the trade last night declare that all the targe holders of wheat had told out and that moat of the big man In corn and oats had unloaded. There are still several large holdings of corn and oat*, however, that arc liable to come out on a tweak of a cent, as their *v ersgc will l»e spoil*!. corn at 14c to All the available Topping, aeeretary of the Oklahoma flraln Dealers' Association, make* the wheat rrnn of Oklahoma nnd Indian Territory approil. matcly 36.0tO.000 bushel*, lie also •!*•< Inn >• Heaalan flics are In the Xltehlgan wheat fields, and are damaging the crop there. The claim cornea from Detroit that lllcbl- gan will not hare over half it crop, or about 60 per cent of what Is reported for Ra bread and seed. “Texas will have to get lots of corn from the north this fall nnd winter/' said an Austin. Tex., message. “Farmers all through this section are catting down corn Corn look* fine both In Indiana and 1111* nolo—large enough, remarkably elcan, of good aland and fully up tu normal condition for the time of year. Mid n reporter today. When! la heading nml tilling well except In northern Indiana. Oats In llllnnla have Improved wonderfully In the laat three weeks. It Illinois la an Indication of what V«l be • lot of Heavy rain* fell in part a nt southern Kansas and Oklahoma yesterday. They ranged up to three lurfiaa and are not needed, na harvest Is on and the wheat crop la mnde. “Wherever harvested, wheat In Oklahoma — pronounced extremely good, ao that If the rain does not Injure the crop before If la taken care of we will undoubtedly hare a fine quality of wheat to market/' says the 3!ldland Elevator Co., of Kansas City. Private Wire to Cilhort A Clay. Chicago, June 20.—Weather conditions throughout continue favorable to grnwlug crop. Receipts and cables about oa ex pected. Considering the favorable news and weakness In rnnrae grains jesterdny, offering* In wheat were exceptionally light. Sentiment pretty badly mixed. Reeelpta of corn tbe past three days about LS"t *»ir* t',.iintri nci>piMii<eN reported inoro liberal with both shipping nnd export >inand alack. Can are nothing to warrant nvtlilng more than temporary reaction, tints well supported yesterday on aoft •pon; look* like ns If Hrpt<finber would be a good purchaso on any set-back. EARLY PRICES A SHADE LOWER RELIEF IN SOME SECTIONS FROM RAINS FACTOR Shortly After Opening Undertone Was Steadier—Price* Started Upward. By Private Leased Wire. Chicago, June 20.—Adolph J. Lichtenstein, a trader of the wheat pit, was a heavy seller of that cereal .•II f ho bulge-*. .'1 ud A III take profits Inter at hla leisure. Lichtenstein will he found arrayed on the bear side against the Prlngl*\ Fitch and Ran kin bull crowd, and there fa likely to be some sharp slashing In that ce real from this time forward. Every one In the trade knows of Lichten stein's rich following, and the bulls «ro likely to ^encounter some rough rled- dfflfi There were weather market•* in nil the grain pita on the board of trade. Short* and Investors bought on too much moisture In this country, coupled with the drought |n Argentina, one province In the latter country In n cable read here told of the bullish conditions there. Wheat In goodly quantities were bought 00 It. Thnt market closed Hi | l-4e higher. The fight In corn came off a* slated, and the bulls had th* beat of It, prices showing gnlns of 3-*f71-2c. Oata were Irregular 1-lc off to l-fifi l-4c up. Hog products were unsettled. Hwlft la In control of July pork nnd aqueexe will result unless private settlements are made. Finley Har rell. Robert Roloaon and Hchunrx were bUjrtra. While pork wan ad vanring and riba were strong. Hwlft sold the tter In order to secure profits, t’aah sales of wheat were active here and elsewhere. At Chicago there were sales of 40,000 No. 2 red winter, f>o.onn and 10.000 No. 2 hard, ths latter 2 1-4*: under July,- and 30.000 No. l Northern Latter was offered at S*4c over die July option. Primary receipts of wheat 200, and corn *49.000, compared with 164.- 000 and 583,000, respectively, a year ago- Clearances for the day were II4.000 wheat. 119.000 corn and only 260 <»ats. CHICAGO GRAIN MARKET. The Chicago grain market ranged as fel lows today: Pfevlous Open. High. Low. Cloae Close. WHEAT— July. . *1 *34 »-'* 4 Kept. . MS M'4 *24 *3% *;*_ Dec. .. 884 ' »4 634 *44 *34 CORN- ' July. . 614 624 bo\ M4 Hcpt. . 624 62% 61% 6.*% 61% lier. 49% r.o% 49% 504 M OATH— July. . »4 Hept. . 86% Dec. .. 894 1’ORK — July. .17.0) lept. .19.90 LARD- :I:S& .. 8.974 8: \i£ MS 4 All these offerings were resold for future Hept. delivery to aprrulatora. Rain* were gen ** era I over the corn belt from ‘the Missouri river east. • OA. HIDEB— July. . 9.9 *• L ALABAMA BY. ITOCKI. »«""*' COTTON. OBAIN. COfFCC. PBOVIBIONB ATLAMTA. BA. :** York lt«ek Kx^n,nr, IV.— 1 , ’ for* Cotton Ci-h.n*-. N.w 1 Yrat C©(T— Bxrn.ng, | v«w 1 th, Jnlr liquidation »i rh, nprulng rarrlnl that opilnn to Iwlow 1346c. wh.g th* Barh.t tarnM abrnptlr and ran up 13 polnta. Net. crop* wan laflucsrad oa th* dralln, tn JulfT but latur on. an attampt to hu, a law thouaaml .lialM tnrn*d thoa* month; up rathar raallj. Tht, waa tb- re,nlt of rantlauad drj wrathar report, from Taina a tot rathar uiliad arrounta from acctlona of tha Atlautlr utatra. So one ran prataad that crop araouata rarral an *rm protrasa of th* ration plant orar tha halt, auali •• waa In .rldanra two rrara ngo. In rlaw of tha hnown larga rraulramanta during th* roniing aanaoq anjthlng Ilka n *pott*d cttT> would not produra aufVlant ro4lon to walgh on th* markat at aapthlng Ilka lOe a pound. Aa tha nraaon thua far hai Iw.n iinaran. and tbara an atlll tbraa trjlng tha hafora tb* crop and at lb* prtrant | an tuirallarad drought, atalaf to ha anIona In T«xaa. It •• »t anrprt.lng that tha markat ahowa IbnlMd praraura a. naw crop* w*rk toward 1366*. Tha market haa bran running In n narrow rut ^or aoma dura now. with tb- agraptlon of Julr. and nnlaaa ralna coma to rallar. Tataa. a aharp adrance can bu antlrlpnt.d. ATLANTA MARKETS. FRUITS AND PRODUCE. OfflrlaUr corra-tad bj Atlanta Fruit and rrMur- each,age. Lemon, IIJI to JS.T6. 1.1 maa n to II w Hat . uiw ww.. stsefisd- Banana.. NrflgSta. P*r Iwnoh II6) to |1 ;s. Call*, par hnnrh. It to tea fltrawbarrl.fc il-orala .took ;<-<l«arr crataa. »l.6» ft 61: T»no»»,*o II to H S4 I1I.B to imn par IN; da- "torCTBir and rorsTBY proddcb -1 Lira bin, * to nic: frlra KH to So: bfol%r. IS to »»*. Jf[ra dnckA I'.kln hi' '“ihSra^Tbana. P*^lh . lie to U*; draraM Butter, tabla. par lb.. M to 7764c; cook- "‘f,on«iw U ag^.^U Mb. rack. J 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. Frank Ilawklni, Prraldant. H. M. Atklraon. T. V. T*"®*!.?- Joarph A. McCord. r,,hl»r. K. W. 6*j. iBMmwMwasBsaawsMSBasaMsaaaaaw Third. National Bank $200,000.00. $300,000.00. j. n. n« J Carr.ll E B IT.I Capital Surplus DIRECTOR*! Frank Ifawfelm David Wnofiward. (laneral mint reaulted In free liquidation by both country and local trader* In oats. 3 her,- bub It-am pre*"ure mi Ma\ than "fi ally other future. I'ousblernble weakness developed In July, which was under prcaa- lire from the Northern drain I’a, Armoar and a few rash houses. pvovIllMi from local and fore Ign «|*t—ubi live aoun’ea and from amaller enafern yack- era. Thla made a weak market for pro visions early. There wn* cnyrrlng by tbe aborts later, which reaulted In a fair re- eatery »f the lo«*ea. Uackera were giving tbe market a little eupport. The ease with which wheat respond* te a little t/nrlng lo the fare of oar optlmlttF outlook merely foreshadow* what can tie expected ou slighteit change tu weather conditions. Relieve tbe hull side offers an opportunity for making hlg money. Pringle lin* bought half a million Hep- temher at He and a half million l>*F**mber • t M%fh6o. Logan bought half a million Heptember around *4c. 9.774 v XS 8.92 9.9 •• 9.074 new, at'4. nominal: No. hard winter. 8441M; No. 3 hard winter. 7*49 •4; No. 1 northern spring, SftetST. No. 2 northern spring. M1tM: No. 2 spring. NORTHWEST CARS. Following fable give* th»- nnrfuweat car* of grain today, laat week and Inst year: Minneapolis Duluth Chicago PRIMARY MOVEMENT. Tbe following figure* giro the primary movement of wheat and corn WfiOMt re- • rlj.tH 1-xllM . Iil|«||( !«. RUlllllRt 1*14.^ hiiRhela laat year: ahlpnvntR today. 1W.0O0 Imahela. agolnst bushels last v«*nr. • 'orn rerclnt* tedty, 182JW) bii*hela. ngnliiwt 8>:'mo l.iihhels Inst year; shipment! today, 292.000 bushel*, ngn'nut 706/'») buNheit last year. CHICAGO CAR LOTS. Today. Tomorrow. Heavy damaging caused buying or •tocka. • wheat belt j V,"‘" n 1 eelllng of ,,oc * February.. Marrfi.. .. Apr**- NEW YORK COFFEE MARKET. Th# following table give# the opening and doHlng quotatlona for c»ff«e for future delivery today la New York: Opening. Range. Cloae. .. 9.4MJ* C46-9.9 :::: tf 55 MBS ir.v:. .. .. .7i«:B m2 June MO-4.1# 6.IM.Q0 J * .. V. .. ,, <06 <.9M.A-. August 9.10*9.9 A86-9.19 iiwmkir c.9 linn 9.294.9 8.JV9.36 Nnv#ml»er .. „ .. 8.94.48 8.9436 Decernlier .... 9.464.60 9.404.45 Cloeed steady. THE METAL MARKET, ly Private leased Wire. New York. June 20.- Trading was light at the metal exchange. Price* a shade ratter. Tin down a small fraction. Mpelfer off 6 point*. Lead lower In the Md. Copper ateady but unchanged. DIVIDENDS DECLARED. New York. June 20.—The director* of the American I^v-oniotlve Company met today and declared an Initial dividend of 1% p#r cent on the common stock. The u«un 1 quarterly dividend of 1% per cent also de- i dared on the preferred stock. The Baltimore and Ohio railroad director* 1 • declared a 8 per ctfft yearly dividend to i !tirr m— ■ , ■■■ LIVERPOOL GRAIN MARKET. Wheat opened H to ' t lower: 1 10 pm.. opene< _ unchanged to 4 off; closed 4 «ff. H SOUTHERN EXCHANGE Oldest Eitabllshed Office Routh. COTTON JIOCU SOSOS MM Orc^nd Floor Gould Building. Dally L. J. ANDERSON A CO Bankers and Brokers, COTTON, STOCKS, BRAIN Cofruptitat's Cipttil *250,000 NcrcniNCC. thc ncal sank SHOMI «4IT. eatJOfNTUL M.OG - Orleans Cotton Bxchange.IChfcago Board r.'/’ji Or lean* Stock Excban|e.|LUe^W o**on Ajsodst on rabbag# crates, per crate U-S tel mange iNew Orleans Board of Tradey.aiveaton C»tton Exchange ^ Private Wires to all Exchange* L>aeal and Lent DieUnee Tele*hene 52H. W. R. PAGAN, Manager, 1 Tor*tor*, per crate. 62 Keens, green, pe WM. I.. PEEl*. Prealdtaf. ROBT. F. MADDOX. Ylce-Pres. MADD0X-RUCKER BANKING CO. CAPITAL $200,008.00 SURPLUS AND PROFITS .... 6500,000.00 ACCOUNT* INVITED We invite accounts of individuals, corporations, banks nnd bankers and offer the best terms consistent with conservative banking. * allow Interest at the Rate rtf 3 1*2 per nf* Annually. In our Having* Department w cent, Compounded 8«i corrojvc ^ro^is^i^Sto^ksPbonds, fie. 3 W$M Sf., Peffjjjfj/<»•#' A fits'*. Ca. lew ItiHM Cettae la . t/ver/Mf Celt— Mnetlailee. nitatr Wlr»» f# fitw f ark. Haw Orlaaat, Ckitaga. <<•* i . t Tart Cattaa lu*ae$a. f C. COT HUH. Haeaaar. Sta*4ar4 Hwt 8 PIEDMONT BROKERAGE CO., (Ineorperated.) Baeement Floor Piodmont Hotel, e roc axe. aoNoa. chain, enoviatowe. invutmcnts, Feol Wire •erviee from New York, New Orleene, Chicag*. coaaxseouocNra M. J. SACK A CO . 48 SSOAOWAY, NCW VOStt ft#. HOTit. Maaaft lea et—4 leaf giataeaa Ball Meet f9f.