Newspaper Page Text
t::.
I THE ATLANTA GEORGIAN.
11
EDITED BY
JOSEPH B. LIVELY
THE GEORGIAN’S RECORD OF MARKETS AND FINANCE ~)
\!r. Lively*# 25 yoarV exporb*
jf editing markets In Atlrntn ;
the Month has inode him n
nixed authority In his apecla
v$==
Jr
HEW YORK DID NOT MAKE
FULL RESPONSE.
Opened at a Slight Decline and
Fluctuated Narrowly
All Day.
Ipnt In Liverpool advanced 7 points to-
4„t to 6.12d on sales of 10,000 hales.
Futures opened S to C points up, which
iras better all around than expected.
Xaw York should hnvo opened at some
•points advance on this showing, bnt In
■tead the session started 3 to 6 points low-
T r the decline being attributed to reported
I rains In Texas and sunshine In the At;
autle states—conditions puking for Ideal
(rosins weather for cotton.
f A routinuatIon of this condition will In
-.re a fair yield of the world's most tin
iMirtnnt product alone produced by the
annera of the South and uaed by afl peo-
[,1m of the world, the demand and con-
■umptlon of which Increases each year, tin-
condition# that would benefit the
HR ..... a not result lu psnlrky mtrkett, as
las been the esse In past Masons.
Terse: for the same reason too much molst-
irP in the Atlantic states was freely com
nested on, yet a revsrssl of these con
41 tons was without perceptible effect on
aliening prices. This, with active trading
In the early trading. , , . tt
Th*‘ weather bureau gives specs! rainfall
In Tesns as follows: Blanco, .10; Coral
cans. .10: Ijaltaa, trace; Ft. Worth. 2.04;
flrtenrllle. .76- Lamp##, Ix»ugvlew 08.
Jleiin. .32; Nacogdoches, 1.18; ralestlue,
ig ; Paris. .24; Sherman. .28; Taylor, .01
Ifaeo, «6; Wsxahachle, .08; Temple, trace.
SPOT COTTON MARKET.
Atlanta—Steady* 10 13*16c.
New York—Steady. 10.90c.
New Orleans—Easy. 10 16-16c.
Liverpool—Easy. «.12d.
Augusta—Steady, lH4c-
Sn \ n im b—Quiet. 1084c. •
RANGE IN NEW YORK COTTON
The following Is the range In cotton
futures in Now York today:
J«ast Previous
onen. High. Low. Sale. Close. CIo«e.
.10.34 1.0.34 10.34 10.34 10.31-34 10.37-40
.10.36 10.39 10.33 10.34 10.33-34.10.39-40
.10.38 10.42 10.36 10.3? 10.38-39 10.42-43
.10.21 10.38 10.34 10.38 10.34-38 10.89-40
.10.37 10.89 10.34 10.3S 10.38-39 10.41-42
.10.36 10.36 10.36 10.36 10.38-39 10.41-43
..10.44 10.43 10.39 10.43 10.43-44 10.47-48
an. ..10.46 10.49 10.43 10.43 10.47-48 10.51-62
. 10.47-47 10.51-62
h . .10.66 10.55 10.53 10i63 10.64-65 10.684H
losed steady.
RANGE IN NEW ORLEANS COTTON
The following Is thQ’ range In cotton
futures In New Orleans today:
Last « Previous
I open. Illgh., Low. Sale. Close, Close.
June 10.74 10.83
Jillv ..10.87 10.91 10.83 10.96 10.86-86 10.91-92
Aug ..10.49 10.52 10.47 10.47 10.48-60 10.6344
Hep. ..10.46 10.48 10.45 10.48 10.44-48 10.47-50
Ort. ..10.83 10.33 10.27 10.32 10.31-32 10.
Nov 10.33-35 iai
bee ..10.35 10.38 10.31 10.88 10.85-81 10.»-40
Jnn. ..10.42 10.42 10.42 10.42 10.41-42 10.46-47
“ ■» 10.68-80
h ..10.66 10.66 10.56 10.66 10.54-68 ...
losed dull but steady.
LIVERPOOL COTTON MARKET.
Urerpool, June 21.-12:15 p. m.—Demand
for spot cotton la fair, with prices steady.
Middling uplands, 6.l2d. Sales, 10,000; Aroer-
lean. :».4uO. -Speculation and export, 1,000.
Kerelpts, l.OW; American, 600.
" ‘ e« nncnmi steady.
Opening Previous
Kan re. Close. CIom.
fi.84-6.8C 5.82 6.80
6.81-6.83 5.80 6.78-6.71
Ifer-Jau
Jan. Feb
Feh.MarCli
Closed easy.
5.68-' 5.63-5.64 6.64
6.82 5.68 6.69
6.82-6.81 6.57 5.18
6.82 6.67 5.58
5.83 5.68 6.69
6.54 5.69-5.50 1.80-6.51
TODAY'S PORT RECEIPT8.
The following table sbowa receipts at the
JKt* t»<iny, compared with the same day
Mobile
fovannah
t'hnrleMtnn ... ,
Wilmington ... ,
Norfolk
Boston ... ... ,
j’hlladelphla ...
Port Townsend ,
rensacoln
Total
1832
S
6744
INTERIOR MOVEMENT.
Houston ..
Augusta
Memphis
v ESTIMATED RECEIPTS.
New Orleans expects 700 to 1.000 bales,
• gainst 2.313 bales actual last year, Galves-
f*!"" aspect* 1,000 to 1,500 bales, against
L526 tmles actual last year. Houston ex-
P*;t§ l.300 to 1,600 bales, against 1,103 bales
•cttmi last year.
COTTON SEED OIL MARKET.
N-w York. June 21.—Th« market for.cat-
"••wl oil n. artlve ud wrak, and
•"■►' in tho early call nmonnted to 1,800
-rr-U. There was further liquidation of
•"i; nil. with an ibmn of support. It I,
->rt«in that there I. a considerable sent*
J-rn I,mg interest (till In the market.
Jr-sip “o the Itoor smoag trader, was that
'he -ndlng Interest wssalopoeed to see the
»*rkrt lower, wan offering no support, and
™' r " Appeared to be some evidence of ham-
2'Mue for the purpose of shahtnf out Ion*
?'■ , oew crop deUrerten were rompnra-
5yr steady. Prleen at the etoee were an-
f b*n*ed to He higher.—Ware * Letand.
fane ... .
iinlier ... .".. ...
b"--tuber
<1o»d steady.
NEWS AND GOSSIP
Of the Fleecy Staple.
Prlr.te Wire to albert * Clay.
. .Vffi J ““S„21.—Urerpool l-:30 p.m.,
J hVihJr 1 * * h,r ’ w “‘ expected to be 5 and
num'a'nd *«*">• «»*
«”"• of ” ib ,n
, The market la held steady by buyln* of
July by Liverpool to eloae straddles. *
New Orleans, June SL-Uverpnol S up on
Mjir months and 3 to t on new crop 1, n
full response. An advance of nbont 3 points
-** expected. Spot sales of 10,000 bales at
an advnnce of 7 points should not be over
looked an a remarkably .iron* feature.
The western and eastern forecasts are all
for fair weather todny ( and Friday.
Our ndvleee from the eastern lielt indi
cate a slight deterioration owing to n little
too much moisture and tho prevalence of
grata.
tart In reference to yeaterday'e
R in .r. k fV l at opening on continued
liquidation of July. I>o not think It over
yet. Recovered In afternoon on buying ou
continued drought In Texts. *' *
ip shows excellent rains In wei
central Texas. Fort Worth receiving 2.04.
Palestine .08 and Taylor .01. East of the
The market holds remarkably steady, de
spite the fact that Central Texaa haa hat!
•ome very beneficial rnlna. Liverpool cablet
are all bullish owing to the excellent foreign
trade.
Looks like old bulls are telling July and
buying new crops.
Private Wire to Ware ft Letand.
* w York, June 21.—The Comtne
: “There haa been a manifest India..—.
tlon to pay any attention to the Texaa alt-
nation so far. but every day the market la
realising that Texas Is needing rain very
badly, and that the story that It la only
the non-cotton producing section that la
suffering from drought will not do to bsnd
around any longer.
The licensed warehouse stock here de
creased 1.623 bales, touching 130,673 bales,
or 18.600 hales less than on June L The
certificated stock decreased 1,826 bales, and
la 128,638 bales, or 9,700 less than ou June
2—the highest of the month.
Liverpool cables: “Market nervous, fear
ing fresh decline In New York, bnt Liver-
•ool cannot be bearish, with spots 28 ov<
utures and crop accounts unfavorable.”
New Orleans, June 21.—Heavy rains are
shown In East Texas. Otherwise the
weather map Is dry. Belief haa undoubted
ly 'been given to aome, but not all of the
drought area.
Futures are quiet, and their undertone la
easy on reports of rain In Texaa. especially
lu those sections from which the hot wind
telegrams came yesterday. Thoaa who are
long of late positions are rather Inclined
to sell out. Spots quiet at quotations on
sales of about 209 bales.
moat Impossible to trad
TallahaMte, Fin., reports too Much moist
ure. Lots ofigrass; labor scarce.
Raining fit Haxlehurst, Miss.
Liverpool cables: “The feeling here la
bullish on suimncT months. The chances
are In favor of market Improving unlsss
rains have set In."
GIBERT A CLAY'8
DAILY COTTON LETTER
uivcrpuui. nmiriuux w wiiw iiiii
remains bullish, but 'with more especial
reference to the summer mouths, and when
consideration la taken of the large volume
of huslnes done In spot cotton from day
to day. If
sentiment
amounted to 10,000
points, whlls options recorded
me point on near positions anu one pvmi
ess on the distant months. Tbs continued
mt spasmodic liquidation of July alone
prevents tho market from lnpolujr Into an
almost complete state of stagnation. The
tentlve. bnt with llttl
y. It appears a# though the foreign
nent Is well grounded. Today’# sales
ited to 10,000 bales at an advance of 7
gain of
trade Is attentive, but with little concern
regarding the outgrowth of tbla position
and with It finally dosed, a better specula-
' .. h to new crop months
f robanlllty have been eatab*
have at last fallen In Texaa,
the nueaalneaa which the hot, dry weather
haa caused. Store than light precipitations
are needed, however, after anch a pro
longed dry apell to offset the high tempera
tures that extend all over the great atate,.
Our advices from the Interior convey the
Impression that crop prospects on the
whole continue good, and that tha plant Is
SCORED AT START
STOCKS OPENED WITH SEN
TIMENT VERY BULLISH.
A Flood of Stock for Sale Later
and Prices Sagged
Sharply.
By Private Leased Wire.
New York, June 21.—The development of
an unfavorable nature In the ateel trade,
which did not become publicly known until
after buslneaa had closed last night, ab
ruptly crashed out the good feellug which
yesterday’s Incidents had caused. In Lon
don the whole market was encouraged by
tho reduction of the Hank of England rate
bank. All depart-
sharply. But the heavy aelllug of
morulug rouverged upon 1'nlted States
Steel snares, which broke fractionally be'
low the low points of last week.
It was urged as a reason for selling
these stocks that, while the rupture In
the foundry'Iron market wits a matter of
•malt consequence In Itself, It might be the
entering wedge for a more general and
more formldafde reaction later on. What
was equally disturbing to the stock mar
ket, besides the declines lu 1’ulted States
moderate. I
In vlsw
nml Ohio dividend and the widespread lie
lef that other of the Peuiitylvaula subaid-
ary companies will- take similar aetbm,
the amalf demand for the shares of the
preseut stock was natnrally dtscouccrtlug.
DROUGHT IN TeYas”"
THE DOMINANT FACTOR
RANGE OF NEW YORK STOCK MARKET
a ms ted Copper,
Coast Lin -
New York, June SI.—Tha New York Sun
iys: The advance In cotton was due to
continued drouth In Texas—maximum tem
perature of 1U0 to 102 degrees—unexpectedly
strong Liverpool cables, with Urge si»ot
sales there, reports of boll weavll Tn fifty-
July.
leadlm
August, Oetol»er and
after the recent decline. In the esaicH
section of the t>elt It Is clearing up. and
that la the kind of weather wanted th<
The attention of moat people Is rlvetedl
the situation In Texas. Halu Is needed all
lover that atate, but especially In the south
ern part. Hut for the uncertainty about
July there would doubtlea lie' more atten
tion paid than there Is to the dry weather
In Texas. Mr. Price Is supposed to have
•old several thousand bales tp Fall Hirer
at 13 points on July. This rumor was in
circulation everywhere In the afternoon.|
Boom shorts covered on the Texas drouth.l
Halns In Georgia were resumed.—GIbert ft
Clay,
friended the staple and at the dost* of yes
terday's cotton
lup tho usual formaMPVHMHPHPHHH
on the probability of a further decline. New
York IkHight the new crop persistently
enough, high temperatures and reported hot
wlnda over Texaa giving !iuf»«*tiis to the
supporting movement. Meanwhile, In tha
face of encouraging cables, overconfident!
I New Orleani sralpcre sold the July option
down nearly 60c a bale to bedrock reslst-j
•mall fry now. The public Is out of the
game and the big fellows are entirely too
resourceful to leave any crumbs for tha
pikers. A price factor which of late has
been brought Into special prominence Is
the sustaining fores of the cliff dwellers'
memory ae opposed to the half-hearted hope
of the old-time bear. Crop^care la over-
due, and aonte enterprising longs tried to
develop one on the hot “winds of Texas"
telegrams yesterday, bnt they were not
taken wholly aerlona.—Ware ft Leland.
ATLANTA MARKETS.
Atlantic Mate,.. aomc
In the Held.
prevalence of gran
WARE & LELAND'8
DAILY COTTON LETTER
New York, June 21.—Reporta of n few
■bower. In Texa, atarled a decline In the
cotton market thle morning, hut the under
tone allowed conalderithle etradlncn and
there waa rerr little cotton for uale after
prtcea had allp|«e.l off a fen- polnta. Wcok-
lien In the atock market led to more or Icea
liquidation In Jnlr, nnd thin' option loat pert
of the ndveuce acored jeatrnlav. The
rainfall In Texaa waa comparative!, unim
portant, the beavleet being a little over
an Inch lu one place ami two placea allow
ing 84 Of nn Inch and K of an Inch reaper-
tlvelv. Blarwbere the man waa dear and
ircllctlona for tomorrow ahowed no changa
,n the Texaa altnaUon. It la not gener
ally known that muar eountlea In Texaa
have had Icaa than an Inch of rain In two
montha. and while the henry nine earl. In
the mm led to good underground con-
ditlona. It la not unfair to aa, that tha
Texaa altuatlon In growing aerlounna re
ported bv the weather bureau on Taewlay.
Until good, eoaklng rnlna come In Texaa
the cotton market la not likely to go down.
HUBBARD BROS.’ COTTON LETTER
New York. June 21.-Tbe liquidation of
the July holdlnga eontlnnee, allowing tho
faith which hail been pinned upon an ad-
rame In that delivery, and Ha Sedlna haa
affected the new rropa. though the tatter
have weakened, alao nnder lhe apparent
ucameaa of Texaa rnlna. Ithowera tare
been rumored In varlotia localltlea and the
nwled general rain In thought now not tar
off Butneaa la moderate, though a much
greater dlnpoeltloa to Bell ta ebown. Ar-
kanmB crop report, are very floe, with
“SyraramJct tube dealred the moat prem-
laing in ten yearn. Advleea from Fall
Bird ray that the manafaetnrera have
agreed to grant a reqaeat of the opetatlvea
for foil reatorathm of wagea.
FRUITS AND PRODUCE.
Officially corrected by Atlanta Fruit and
Limes 75 to fl.
Plnrapplea 22.a0 to 13.SO, market at praaent
time w,ll (locked.
Ilanauaa, atralghta. par bunch ll.M to
$1.73. full-, per Imnch, tl to tl.S.
Htrawberrlea. Georgia atock, 24-qnart
cratra. 11.50 to $2; Tea noire $1 to $1.60
^WatM-raelona, $13.00 to $30.00 per 100; da-
"pobffinr AND COUNTRY PRODUCE—
Live hena S to 37Vfcc: friea 22H to 26r:
broilers 16 to Live ducks, Pekin 30
to Sc; puddle Sto 27%.
Dressed hens, per lb., 12c to 13c; dressed
turkeys, per li»., 13c to 14c; very dull.
Kggs, per doxen. 1744 to 18c.
Butter, table, per IIk, 20 to 2244c; cook
Amalgami
Atlantic i
American Kugnr Hcflolng....
Auaconda
American lAK*omotlve
do preferred...
Araerican Smelting Uefinlng
do preferred
Atchison
do preferred
American Cotton OH,..r
Baltimore and Ohio
Brooklyn Rapid Transit
Canadian Pacific
Chicago and Northwestern
Chesapeake aud Ohio
Colorado Fuel and Iron..
Central Leather
do preferred
Chicago and Great Western...
Chicago. Milwaukee and St. Paul
Delaware and Hudson
Distiller's Securities
Brie
do preferred
General Electric
Illinois Central
American Ice Securities
Louisville nnd Nashville
Mexican Central
Missouri Pacific
New York. Ontario and Western
National Lend.
Northern Pacific
New York Central
Norfolk and Western
Pennsylvania
People's C»ns
Pressed fitsel Car
do. preferred.. *
Pacific Mall
Beading
Republic Steel...........
Bock Island
do. preferred
United States Rubber
do. preferred
Soil them Pacific..
Southern Railway
do. preferred
Hloss-Shcffleld
Tennessee Coal nnd Iron
Texas and Pacific
Union Pacific
United States Steel.
do. preferred
Vlrghiln-Cnrollpn Chemical
do. preferred
Western Union
Wabash
do. preferred ;....
Wisconsin Central I
do. preferred |
TIPS FLASHED
From WjUl Street
Extension of short covering nnd specialty
Improvement seems likely In the stock mar
ket today* owing to the favorable develop
ments of the last twenty-four hours. The
report of n .reduction this roornlug In the
Hank of England rate, following the plac
ing of Baltimore and Ohio on a higher divi
dend basis, which actlou succeeded the suc
cess of the Pennsylvania loau, certainly Im
proved the general financial altuatlon and
* of Wl — — —
quickly
rut Into
_____ mwwl
which baa not yet, howevei
taros.
Marshall. Spader ft Co.: Yesterday's mar
ket baa widened the field of dlscussloil, but
haa proltably not deepened convictions. This
policy on the part of the Interests In con
trol of the IVnnsylvnnla group of Increas
ing dividends;, at a time when large borrow
ings aro being contemplated, should be
closely considered by Investors. The news
columns this morning coataln rsports of
disturbance In the iron trade and sales In
Birmingham under prevailing prices. This
relates to foundry Iron, as markets ars bare
Pacific ysatsrday was
ter, and 1 expect to a
higher
Uptown Sentiment: The very favorable
developments which occurred, taken In con
nection with the reduction In the Bank of
England minimum discount rate this morn-
ti^ leads the uptown market Interests to
of the Southern Furnace Association and
decline of $1 per ton In Iron Is not a bull
19b argument.
There la bullish talk on Union Pacific.
St. 1'aul, Pennsylvania, Baltimore and
Ohio, Norfolk and Western, Cheaar~'*-
nnd Ohio, and Connor, but hardly thlnl
Southern Pacific for
Aggtesslve buying may drive In shorts,
but ou good advances would accept profits
on all the active stocks, and look fo
Irregular- market.
that there will be a farther sp
i, its
reflection of UM Mil.r monetary condi
tion, In Europe, lint clrarly Indicating that
tho manager, of that Inatftntlon art In no
wlao dlaturwd over tha Knaalan altuatlon.
It la eonamnantly ballevad that tha foreign
political altuatlon may now Im ellmlnatad
aa an adverao factor In our markets.
Private Wirt to War* A Letand.
Now York. Jnno n.—London arm at ta to
Vi np oo foreign, and homo operators bay
ing. dtw to tho bank of England rtdoclng
Its rate to $H.
Mates Steels, hot the dissolution
$3.60
GIBERT & CLAY
'• t ALABAMA »T.
STOCK, BOKO,
COTTON. O " A IN.
COFFEE. PROVISION*
ATLANTA. OA.
.EMBER*
J— York Stock
£’* York Cotton
*♦» York Coffee .■
Private Win* ta all BgcfeUfM
Local and Long Diatano* Talcphona 5298.
tb.; In Mb. rack, M
^VEGETABLES.—Irtah potato.., :
atock $4.30 barrel; No. 2 atock
to $4.
■lets, cabbage cratra, par crat. $2.31 to
Tomatoes, per crat*. 12 to $-10.
IImiib. green, per crata, II to $1.31; wax
M ftqtuuth, jr.now. $1 to n.21; whlta 73c
to SI: market overstocked
Corn, new, 1$ to 30c pra doara.
Okra, p*r crate, 11.30 to $1
('ncumiwr*. per crate, $0 to 78c, market
well Mocked.
Pracbee, per ernte, (1.33 to $3.30.
Old Iriab potatoes, per bushel, till to
$1*9.
Sweet potatoes, per bushel, $1 to $1.33.
Asparagus
$1-10.
wi R. FAGAN, Manager.
Cherries, 24qttart crate, $210 to $3.
Cantaloupe., pe- crate. $3 to $3.10.
Blackberries *» ^244c quart.
Dewi»erries 10 to lfVlo? noart.
FLOUR, GRAIN, PROVISIONS.
FIAJUR—Postela Elegant fill: Diamond
2 whit.
74c; No. 2 yellow TJe; mixed 73c.
OATH. —Cbo4co white slipped Me; choice
white 60c: choice mixed 4*-.
MEAI.—Plain water ground, per btuhel.
The > atawe~prtcra*ara'f. o. b. Atlanta, and
.abject ta
tsndsrd granulate
.... ——- 444 to 4**; plaatatl
COFFEE^ EoaMed Arbackta’i, $16.60;
utk. In bags or barrels, 13V; green 10 to
*BI4TL^xtarMloa ’414 to TV. aceordtag to ;
rade. Market very strong.
CIIKEIU5—Fancy full cream, flats l«c;'
twine 13%c; bricks 4r. Market strong.
FBOVlHIO.NK—Kunreme hams. 14%. Cal
ifornia bams l*44r- Dry salt ntrartbi 9.75. j
I tellies 3M lbim.pt barks > VI. ptatrs
5.50. fluprsma lard 19. 8aow Drift com- 1
pound 744-
nummary of yesterday stock market hj
Dow, Jones A Co.:
American stocks in London Arm, 44 to )4
above parity.
Kentucky railroad commission makes
sweeping cut on rates charged by Loulsvll
and Nashvlilo and Illinois Central.
8T0CK 8ALE8.
U a. ra.e .
13 noon.. .
1 p. m.. .
Ip. m.. .
Total.. .
249,200 shares
414.000 shares
:
1.044)700 shares
P NeW York, June IL—Tbs Liverpool mar-*
ket was a little lietter than Imiked for at
| the opening, with a steady demand for
r ^Hts at au advance of 7 points. However,
rr seems to be strong oppoolllon In New
I York to any advance at this time. There
was every Incentive for a strong opening
this morning, the weather news showing
no relief of the dronthy conditions In southj
HMD
ale
hare lota of Jul
i me marxet was unal“
The much-touted bolls _____
bare dlspoiwd of their July Interests and
ars said to bare transferred to tbs winter
months, claiming that developments
soon Indicate that cotton Is cheap at r .._
•nt prices. But they seem to be willing to
rest on this assertion and are doing very
little. In the meantime weather reports
p news a— —
j llttl# chi
promptly reflects
HAVE YOU ANY MONEY AHEAD?
Ig It Invented where It Is perfectly isfeT
Is It avallablo now If FORTUNE should knock at
your door? ,
Prepare yourself to take advantage of opportunity
by Investing your savings In this bank, whore they
will earn 3V4 per cont COMPOUND INTEREST, be per
fectly safe and available practically on demand.
CENTRAL BANK & TRUST CORPORATION,
CAPITAL - - -
$500,000.00
Asa Q. Candler, President.
W. H. Patterson, Vies-President. A. P. Coles, Cashier.
John 8. Owens, Vice-President. Wm. D. Owens, Asst. Cashier.
r~
ATLANTA NATIONAL BANK
ATLANTA, GA.
C. E. CURRIER, President. A. E. THORNTON, Vise-President.
H. T. INMAN, Vlco-Prssldsnt. GEO. R. DONOVAN, Csshler.
JAMBS B. FLOYD, Ass’t Csshler.
Capital $500,000.00
Surplus and Undivided Profits $500,000.00
We Solicit Your Patronage.
J
NOTES ON GRAIN
Pointers on Provisions.
l’rlvtt. Wire to Ware k Lstaml.
■MSS early bidding for wbosr. but tbsy
don't want It.
No spoctal demand for wheat so far, snd
lb. msrk.t Is llttl. wift. If get rhnne. to
buy around 83c would tak. on ouiue.
there I. n little demand i
fiwra vujj iRir. tiutjr |rum mcmiji Rr|itruiuEt
sml January lower. No particular feature.
Chicago Inter-Ocean: Cash business lu
wheat An t’hlcngo yesterday was 162,000
bushels. Including 40.UV) No. 2 rod, said to
bo at 65c In store; 60,000 No. 2 hard nt 344c
udrr July lu store, uud 40,000 No. 1 north-
rn at aliout W' over July In store. Thero
ere alao I2,0oo mixed lots.
At the seaboard exporters bought 24,000
wheat and 60,000 corn.
r ^Hs provision pit figures that Hwlft haa
tho pork and may squoei* tho July
shorts, as ths price Jumped 60c yesterday.
Armour baa the July rllta !>ought and the
Heptember ribs sold, lie will take a deliv
ery on the July and aort out alt the heavy
ribs not suitable for bis trade aud deliver
I'Hvkte Wire to Glbort * Cloy.
Chicago, June 21.—Wheat cantes show
poor response to our advance yesterday and
early weather reports are favorable. This
may create a little selling tendency at the
opening, hut we are having a broad trade
and the bull poss.'IdlUlea on weather cun
put prices a good deal higher than excess
of
ore
isk
of 84c.
Corn offerin
drollun lu prim
farmers would sell to any extunt below a
— September.
Inga have fallen with
price. It doea not look •• If
.. _JJd — * " ‘ *
basis of 60c fo
The Cincinnati Price Current says: Win
i»r wheat harvest liegtunlng with Indies
Ions of good quality nnd yields Justifying
xpectatloiis. Advices concerning oats con-
rm story of Shortage In crop. Corn Irregn-
ir. Cool weather not propitious, but crop
Wheat opened a little firmer with corn
strength, and on limited offerings. Trade
light nml only little deinntnl neefled to hold
irices on the opening. Weather northwest
Jsvornlde for growtli of spring wheat and
southwest clear and favorable for harvest.
Antwerp cables aay continent proapecti
for new crop wheat better than last year,
STOCKS REVIEWED
BY NEW YORK SUN
first hour, not ao much on account of the
presence of stocks aa a susponsbi
nand, whether It entne from p
»y shorts to cover or from n legitimate
accumulated by the bull Interest, had con
tributed the marked strength with which the
‘radfng, opened. Perhaps the dominating
actor In the whole day's business was the
Jlsltlmore and Ohio dividend question, ns
early In the session tt l»ecame definitely
iinown that the directors would meet (lur
ing the day to act u|H>n the matter, while
Tolmldy nine people out of fell lu the
nanrlsl community lielleved that the rate
« **-- — • would Im Increased
Another favorable
.rare..,.. ..aa tne inauguration of dividend
S ymenta on the common stocks of the
iiericati Isocomotlvo C'oinpsn/, hut thta
(1 been a ao generally expected that It ex*
erte^ little Influence on the price of the
res iintunlly not
■HpMpi. ... the jrensral SMiitt.
ment. Konthcrn Pacific nind
* ^gest advance of any
the near approach
_______ on account of the destruction of
records In the San Franc taco fire, would
make a good Impression when published In
tbs near future. r, -Ulbcrt ft Clajr.
NEW YORK COFFEE MARKET.
The following taloe gives the opening
iuitlqne for coffee for future
REALIZING SALES
CAUSED DECLINE
WHEAT GIVEN SUPPORT AT
EARLY LOW POINT.
Slump Was Quickly Recovered
and Forced Above the
Previous Close.
Ily Private Lcastd Wire.
Chicago, June 21.—Closing pries
showed considerable Irregularity along
the entire grain line, 1-4 up to 1-8Q1-4
oft for wheat, 1-801-4 oil for corn nnd
1-84:3-8 off for otttn.
Late In the day there were messages
from different parts of Oklahoma
claiming that wheat la threshing ou!
only 8 to 10 bushels per acre In aom>'
sections and 10 to 12 In others. In
which milch more Is expected. Tim
T01" ranch and that territory report*
nn average of IS bushel* pnr acre.
There was heavy buying on these re
port* and prices advanced later, Thl*
waa met by good selling. In tin-
Northwest conditions were reported ns
Idea], the Market Record estimating
the crop of the three atatea at 22,J0ii.-
000 bushels In excess of last year's
Itnal government report. Woodbury, of
Minneapolis, wired that the mllle up
there are atlll closing down owing to a
lack of demand for flour.
Argentine shipments were estimated
by Uroomhall at 1,600,000 bushels of
wheut and 2,800,000 bushels corn, com
pared with 2,118,000 nnd 2,130,000, re
spectively, a year ago.
Coarse grains closod rather ilow nnd
provisions dull.
Cash sales here were 80,000 wheat, .
108,000 corn and 14,000 oats.
Primary receipts: Wheat, 211,000, nml
corn, 633,000, compared with 881,000
and 609,000, respectively, a year ng,>.
Clearances for tha day were 141,000
wheat, 167 corn and 1,000 oats.
CHICAGO GRAIN MARKET.
The Chicago grain market rang'd ns fol
lows today:
Open.
.. JIEAT-
Ki «■ sag s
&.« as* a
Sgi.8 a i. * i
July. 47.60 17.60 17.16 17.20 17.60
Heot.flita.70 16.70 16.66 16.6714 16.80
£&. : S:K
S-. :if,
ft. ., 9.06
S:”
2.90
$-2744
9.30
9,06
f.70
9.17
Hr
CHICAGO CAR LOTS.
- Today. Toraorrn
Corn 4VI 461
>sts lie 164
Inga ... ... 32,000 27,00
LIVERPOOL GRAIN MARKET.
Whent (OH-neil 44 higher; 1:30 p.m. !i ta
higher; rinsed ta li> ta higher.
Com "pelted ta higher; 1:30 p.m. 44 to
higher; closed 44 tn 44 blgher!
NORTHWEST CAR8.
Following (ante glvre tbs ni>rtbwaar rn
of grain today, last weak and last year■:
least. 1.119
. Today. WVfk. Yen
Minneapolis 131 146 in
Duluth 61 18 8
Chicago 7 I i
—
8 closing quo!
(very today la Now York:]
. antiary
ubrunry
March
Atirll
My
July
August
Heptember.. ..
VtolM»r.. .. ,.
Vovomher.. ..
December
Closed steady.
HSIS
6.70
6.764.K
4.104.$
6.96 6.05
6.65
6.106.16
0.30
6.20
6.S4.4I
5.454.60
Cloet.
6.664.60
6.604.0
1704.76
6.154.85
6.854.90
6.00 6.06
6.054.10
110-6.16
6.204.26
0.204,26
6.40 0.45
6.6)4,15
PRIMARY MOVEMENT.
The following figures give the primary
movement of wheat ami corn:
Wheat receipts today, 211,000 bushels,
against 251,000 tmshels last year: shipments
today. 206,000 bushels, against 182,000 bushels
last year.
“i receipts today, 033,000 bashcls against
bushels last year: shipments today,
bushels, against 671,000 bushels last
SOUTHERN EXCHANGE
Oldest Established Office South.
COTTON—STOCIS BONDS GRAIN
Ground Floor Gould Building. Dally
market letter and market manunl
mailed on application.
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, GRAIN
Conespondent’s Capital $250,000
RCFERENCe, THE NEAL BANK
PHONE 1417. PRUDENTIAL BLOC
HUBBARD BROS & CO •y meSts
Atlanta Office, 219-221 Century Building.
Member, New Ymk Colton Exchange, New Or
igan* Cotton Exchange, Liverpool Cotton Asso
ciation, Chicago Board of Trade, New York Cof
fee Exchange, New York Produce Exchange.
Huilnesa solicited forthenbovecxchangca-
Direct wire service. Correspondence Invited.
Phones 454, Long Distance 39. A.S. Bust ace. Mgr.
THOfl. J. rffr.Pt.l3S. Cashier.
jab. a. Liam. Aeaft CbnMer.
MADD0X-RUCKER BANKING CO.
CAPITAL
SURPLUS AND PROFITS
ACCOUNTS I KVITKO
$200,000.00
$500,000.00
Wo invito accounts of individuals, corporations banks
and bankent and offer the bent termB consistent with
conservative banking.
In our Savings Department we allow Interest at th* Rat* of 11-2 per
cent. Compounded Semi-Annually.
New Orleans.
ware: & le:land a
COTTON, GRAIN, PROVESlONSrSTOCKS, BONDS,
. fa. 2 Wall St., talert 0ai/flag, Atlanta, Ca.
MIMS IKS:
Hew Yark Caftan tic ha tne. CWftfi Beard tl Trade.
New Orleans Cation lacbange. Chktft Stack (i:b-jf.
Urerpool Colton Association. New Ycri Catlee hclaagt.
rrieata Wires to New York. New Orleaat, Chkaga. 8.CC0THKAH Vn-eitr.
tell Fhoae 120. Standard Hone 7)4
PIEDMONT BROKERAGE CO.,
(Incorporatad.) Basement Floor Piedmont Hotel.
9TOCN6. BONDI, CHAIN. PROVISION®. INVESTMENT*.
Fa«t Wlra Service from New York, New Orleane, Chicago.
• CORRESPONDENTS
M. *1. SAGE A CO . 42 BROADWAY, NEW YORK.
low. HOTlf. Manager Intel a^d Long Pufja-E fr.. Flume 1S9t.