The Atlanta Georgian. (Atlanta, GA.) 1906-1907, June 23, 1906, Image 11

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fluctuations narrow on VERY LIGHT TRADING. Nearby Positions in the Liverpool Market Showed Decided Strength. With the exception of the strength shown It the old crop positions in Liverpool this ■rnlug the cotton markets were feature* 1ms, uuless extreme dullness can be called a feature. P present and past news cuts no figure is shaping the course of prices, the on* tire trade npporeutly expecting and look ing to the future for the cue to cuter the ■irk«‘t for profits on cither side of the icoouut that will bo worth the while. Bullish peck-end figure* are expected. This Is a-'known fact, but Is Ignored on tccouut of the close proximity of the Btw crop, consequently It Is without effect. Trade conditions an? good, which Is nlso • known fact, but spinners believe there to ret enough cotton to come Into sight to tide them over until new cotton makes Its sppeflrnuce, consequently spinners show so uneasiness. ^ Thp advice of people “who ought „ Ibos" to hold cotton for higher prices, led predicting that Improvement was not Mir possible, but highly probable, was nod adrIre had not the holders put too um h confidence In the-price predicted. A great ninny well-to-do farmers not only held un to the cottou they had, but bought more; ami ns they thought they had a sure thing entered the-speculative market and loaded up with paper cottou. These people lost considerable money on their paper coton. Home aro still holding the Actual cotton, *whlch, If sold at all, trill show a corresponding loss. A New Orleans wire says the markot early was the dullest that has been seen In all the present dull period, with prices kendlug neither way. , . Spot Is quoted quiet In that market with the demand for the better grades moderately good. Net stock of cotton In New Orleans, 46,- J75 bales, against 61.692 last year. Amount on shlpltoard, £,619 bales, against 28,266 last year. fbnnbay movement Receipts, 38.000, ■gainst 41,000 last yea* and 17,000 In 1904. kjblpaicnts, 20.000, against same last year ml 10.009 .In 1904. The Interior movement, according to Sec- I wary Hester, Is as follows: ' muis and Albany, Oa„ - - t Included, 17,475 bales, against 48.851 last year. . Shipments, 33.161 bales, against 60,191 last year. * Stocks, 210,- 083 hales, against 228,456 last rear. The overland moremeut for the weak was Mil bales, against 10,622 last year, 1,789 la - 2M. . „ The movement since September 1 has l»reu 018.079, against 10,049,121 last- year, 104.222 lu. 1904 iilul l,063,916 In 19(0. w 'sum* Into right for 1 the I1.M bale,, Lesser-Qoldman's This past week ha- .vu amy warm weather In our territory, com prising southern Missouri, Arkansas sad northern portion of Indian Territory, and the cotton crop has continued to develop In ■ very satisfactory manner. High water In the Arknnsaa river, caused by no.nvy rains In Its upper coarse, did not do any daninge, 6na reports from that section of the state describe the crop na being In better shape than It haa been for Severn! years paat. Southern Arkansas had some little mois ture, but a good, soaking rain would bo welcome now la that region. Elsewhere the dry weather -has not done any barm ss ret, and hns been very helpful to thosu sections where grassy fields had been the complaint last week. We eon only report what we said In our previous letter: 8o far, all over the territory, prospects are good for an abundant crop. Now Orleans, June 21—Cables are favor- able no far as futures are concerned, but snot sales of only 7,000 bales are not favor able. Futures were due 1 up on New Or leans and unchanged to 1 up on New York. Private Wire to Olbert & Clay. New York, June 21—Liverpool at 12:30 p. m. was 1 and 2 higher, which Is about as expected. The Journal of Commerce says: Nofhlng transpired to Induce buyers to purchase any more than they hare been doing for some days past. The finer lines of staple cotton goods show Advances, and the prin cipal buying done Is for delivery forward from January. Few mills have goods for •ale for delivery before that time. The wage concession or restoration i from Fall River had little effect market, as It was never seriously thought that a clash would come between the opera- tires and manufacturers which would abut off the production. New Orleans, June 22.—Liverpool 8 up on near and 1 up on distant months strikes alrout on an average. Was due unchanged to 2 points higher. Spot sales, while fair for the time of year, are not up to rccenf takings. DECLINES NOT REGARDED AS IMPORTANT. Soon Evident Bear Presiure Was Not To Be Immediately Relaxed. Market la steady, with upward tendency, owing to continued lack of rains In Texas aud other portions of the belt where they tgnlnut U7JB60 Inat year, 38.199 In 1908. Ware September 1, 10.686.U7 1 U.I3M42 last year, 9,782,866 In 174.676 In 1908. 1904 ami 8POT COTTON MARKET. Atlanta-Steady, 1113-1»C New York-Quiet. 10.90.-. New Orleans—Quiet, 1018-16. Liverpool—Quiet, 6.12d. Augusta—Firm. llKe. t Savannah—Quiet, 1064c. i 8t. Louis—Steady. 11c. i RANGE IN NEW YORK COTTON. The following la the range In cotton futures In New York today: Last Previous Open. High. Low. Sale. CIO**. close. Jane 10.13-85 10.31-34 July ..10.85 10.27 10.83 10.36 10.35-36 10.8344 Aug -.10.39 10.42 10.3S 10.41 10.41-42 10.3S-39 lep. ..10.36 10.42 10.38 10.4) 10.39-40 10.24-W Oft. ..10.88 10.42 10.88 10.41 10.41-42 10.38-39 Nor 10.41-43 10.36-T Pw -.10.45 10.49 10.43 10.48 10.47-43 10,43- Jm. ..10.50 10.52 10.47 1041 10.5143 10.47.43 }>l» 10.5143 10.47-41 Hch ..10.57 10.10 1647 1049 1046-60 10.5445 Closed steady. RANGE IN NEW ORLEANS COTTON Open. Hlfb. Low. Holo. Cloae. .19.78 1,A 10.78 M,7\ Frarlou, CloM. 10.74 10.8M0 10.080 10.75 10.78 10.76 10.7' 10.78 «7 ..10.80 10.01 10.04 10.00 10/ All ..10.53 10.04 10.60 10.66 10.1 o-i' "lKS iCit ib'.H ici.% mS-M lift jW 10.37-36 10.33— I* .10.37 10.40 10.35 10.10 10.30 10.8644 ..t».44 10.45 10.44 10.46 10.46-44 10.41-45 Hrt ..10.58 10.57 10.66 10.17 10.6447 10.54-64 Cloc-d sternly. Liverpool cotton market. I-lt.rpool. Juno a—11:16 p. m.—Spot cot- ion oulot. with price unchanged. Middling upland,. 6.15d. Halo,, 7,000: American, *,600. gwjallgMIBd HMft, 7,000. ltccelpta, X- f'um re» opcncJ nnlet. Opening Prevlom , Uanco. ante. Cloaa. >»»' 5.8: 5.84 5.U 1.83 Juno Tuljr 1.86 . 6.00 WljAuguit,5t7MJ» 6.81 6.78 Aagcdopt, ,-6.79 6.71 6.70-5.71 fee St# *818 I8 4W Jn' l'oc J 6.64 1.47 E»c-J«n 5.58 5.57 Jan.-Kol, U, 55, 5.58 r.0 March 5.46 1.504.40 Closing—Old crop firm, new crop quiet. TODAY'S PORT RECEIPTS. GIBERT & CLAY'S DAILY COTTON LETTER New Orleans. Juno 22.—Foreign news was scarcer today nud furnished no Insight Into the causes affecting prices In today's session In Liverpool, Insofar as the obi crop months tiro concerned, however, there nre no signs of weakness, for options In these positions were firmly maintained nt ou nd- vanro of from 3 to 5 points on the close, while the new crop months were higher by 1 point. Spot sales n mounted bight to 7.0 „ - _ __tsrdi rains in Texas wore generally deemed sufficient to in«*et the prem-nt needs and wero disappointing In affecting localities where moisture Is not nn absolute necessity. The market's undertone has been consider ably strengthened In eonaaqpeoce. and the continued not weather nnd long protrnctcd drought Is increasing dally »the tension which now exists. Friers, in consequence, have apparently an upward tendency, but absolutely no effort Is being made to fur ther the advantage that natural conditions have created, nnd nnlnes some change from tin? pres-nt w.-ulli-r .-oii-l111.-ns < • hii-h to pnsa. deterioration reports nre likely to be received In sufficient numbers to score the more unstable element of the large short interest'Into covering. It la entirely n weather market and other influences that arise are viewed with Indifference and are allowed to pass without affecting the ul 11 mute tendency of market prices. fltocks—After some early weakness the market gathered strength gradually, al though waves of depression visited certain Issues during the forenoon, and the market displayed a very Irregular tone. With an early adjournment of congress and the suspension of hearings before tho Interstate commerce commission there Is likely to be no Important action on the re port of the commission until fall. This ap plies to the Eastern bituminous coal, lave* ttgatloo. • It la not eonal By Private*Leased Wire. New York, June 22.—Today'* early mar ket was distinctly more steady than ye* terday'a, without there being any partlcu lnr Innovations In the outside news. A somewhat calmer feeling prevailed over the slgnlflcnneo of the week’s development* in the steel trade, nnd the opinion was In clined to regard them more lightly than was the ease yesterday. Nothing happened lu such routine matters na foreign exchange or monoy to affect operations in securities one way or tho other. The London market, reflecting the -l|mmpi»«>inttnnt lu our deal ings of yesterday, sent 111 lower prlfi»s for the American list. But the transaction* of tho morning, which again were on a highly speculative origin, were guided chiefly by tho contrary views existing over the tech nical position. Tho idea that yesterdny’a demonstration against prices was the work of a bear party very largely led a certain section of the professional trader* to buy “for a turn" on the long side. For tho •amt reason thero was considerable cover ing of profits from stocks sold short 'opper and Bmeltera nnd Rending made notable progress. There was Itttlo change at the end of tho morning. The market was subject to pressure of l>eaiish opinion from leading bouses who were sellers of Steel common and many other Issues at the opening, and all through the first hour room traders and a number I f outside operators were fairly large soil rs. and prices In the early trading sus tained moderate declines. Importance was attached to the continued supply of Copper, apparently from Inside sources, that carried the price of that stock down from 10114 to 10104. Conservative brokers said too much short stock was put out In the last two (fbvernratnts unchanged. Other bonds are generally lower. STOCK SALES. 11 a.m. . 12 noon 1 p.m. . 2 p.m. .. ATLANTA MARKETS. 85.75. ittmlnon* ronl Invea- sldered probable that ct Independently of the president will act ........ . . such matters, except lu extreme cMto, or under some new developments. The nar future of the market may lw favorably In fluenced by tbeiie considerations, but prob ably not to th« extent of Inviting wide enough flexibility In/ sup- 8 Ilea of money, notwithstanding the wider eld for American accnrltles opened up In the French markets, ami the narrow re serve held by the New York banka in sur plus, wUh near-by preparations for fiscal year settlements, would naturally cause a The following table abowa receipts at the gjs^today, compared with the same day Vw Orleans dalrestoa .... ... MotitiM • iy isrsnnab ... £ksrlestoo Norfolk ... ... grid more jTill«<lc!phla! 1*. Y.Y II* Brunswick , . Newport . ... **° Vrsndaco Total w na 2 St 319 nr. INFERIOR MOVEMENT.' conservative sttltncle on the part of linin' dal Initltatloni. The imrket l« (tradmil, shaping ItMlf for ■ bitter exhibition of strength, but there Ii •• jet no evidence thit in tip ward movement would be eneonp i(e<l bj the banking Interests. WARE A LELAND’S DAILY COTTON LETTER of todaj'i cotton mirket wn the rood mind for spots. Katnrrs were »h"»t dull li th,j ever hive been dnee tlm eot. ton future* were traded In tbli dtr. Iml there wii in unmlitikible IMP to tu •pot demand, which taunt tbit Id* Inter eidi wer* fllllnr their nerdi. EirlJ l« the doj It wii rumored 85*t <»• of th*>»J»“l arm* In the Imetnew had bou«ht L00J bilee from * prominent f. o. b. houie. ami liter Mlei leemed to initlfj the belief In total Ml-, of ibout 3.5*0 111 lei up tol ocloek. Neither profewlonili nor outilderi took ■nj Intereat In the future mirket. Price# binllj doetimted. The flrit of the weekend ««uree Mm* In bulllib, and the prom toe wi» for a torn vlilble npplr itoteroent. ITowever, It will take more thin a bulllib vlilble eupnlj ■titement to irouie the trade from 111 ■pith*. At the lime time. If the ylillde ■upplj keepa oo thrlnklnf the way it hei of tote iml crop report! continue to crow unfavorable, iff bulto may nltlnmtely get the targe abort Intereit on the r»*. N«w York. June 71.—Following moderate weaknei* In the etock mar ket thla morning, which converted the lait bull Into a bear, a ihort covering movement occurred In the afternoon, ■eemlngly predicated upon eeveral fa vorable featurea—namely, reported ad journment of congreii next week and a rumor of tha conclusion of tha IS* moua ore deal. Moit of the buying appeare to be for abort account, but It wae apparent that liquidation bad. for tho time, run It* courae, and the market, following tho natural law* of reaction, turned upward with only a limited aupply of itock encountered. GIBERT & CLAY 11 l ALABAMA ST. BONOS. COTTON. Cl A IN, corrn. eaovmoNS ATLANTA. OA. *•» Terk Coffee ExeMogeJjCew Orl.u, Iloird of Trad- i.ilteitoo toiton cwmisw L««al and Lena DleUnse Telephone 62M. V. R- F^GAN, Minager. Lltnvs 75 to 81. is 82.60 ' „ •mmL Hnuaims. atrnlglits. per Imnrh 81.5). to 81.75. Culls, per bunch. 81 to 8L2L Htrawbcrrlcs, Hsorgln stnf*k. 24-quart rratre. 81.50 to 82; Tennesaao 81 to 81-50 per ernts. Wotermolons, 815.00 to 830.00 per 100; ds- nuiinl K'mmI. POuCTHY AND COUNTRY PnODUCB.- Llve bens 86 to S7H«: fries 22V4 to 25c; broilers 16 to 22V4c. IJvs ducks, Pekin 30 to 35c; puddle 25 to 27He. Dressed hens, per lb., 12o to 13c; dressed turkeys, per lb., 13e to 14c; very dull. nu?terf > 'lib,e!'per '°30 lo SVke; cook- '"fton^w^ 0 .^ .» Mb. rack. 10 ^VEGETABLE!.—Irish poUtoes. No. 1 stock 84.00 barrel; No. 2. stock 83.00 to 84. Beets, cabbage crates, per ersta 82-25 to Toinatoas, per crata, 83 to 82.10. 9toffi * rfe0 ’ t0 wil S t0 »«ah, yellow, 81 to 81-21; Whitt 71c ; market overstocked * com, new, 15 to 3(q per doxsn. JCucumliers, per crate, 50 to 75c, market well stocked. Peaches, per crate, 81-25 to 81-W. Old Irish potntoes, per luuthcl, 81.3). Hweet potatoes, per bushel, 81 to 81.25. Spinach 81 J’er bushel. Asparagua UV4 to 16>4c bunch. Peaches, per ernte, 81 to 81.50. Cherries, 2f-quart crate, 82-M to 83. Cantaloupes, per crate, 82 to 82.60. Blackberries 16 to !2^c quart. Dewberries 10 to \Ti%f quart. FLOUR, GRAIN, PROVISIONS. FLOUR.—Postels Elegant 8A86; Diamond patent 86; fancy patent 85.10; half patent 84.10 to 84.35; fancy 83.90* spring wheat patent 85.6006. Market strong. COuhL—Choice red cob 76c; No. 2 wblta choice white 60c; choice mixed 49c. ^ Anaconda a Ranoan Loaoipoqftc do preferred «... American Smelting Refining.,.,. do preferred Atchison do prefcrretl American Cotton OIL..., Baltimore nnd Ohio Brooklyn Rapid Transit Canadian Pacific ,,, Chicago- nnd Northwestern Chesapeake aud Ohio.... Colorado Fuel and Jron... Central Leather do preferre<! Chicago nnd Groat Western Chicago, Milwaukee nnd Bt. Paul Delaware nnd Hudson Distiller’s .Securities Erie do preferred General Electric Illinois Central American Ice Securities Louisville nud Nashville Mexican Central Missouri Pacific New York, Ontario and Western National Lead Northern Pacific Now York Central Norfolk nnd Western.... Pacific Mall V Reading Republic Stool Rock Island.... do. preferred......... United States Rubber do. preferred Southern Pacific Southern Railway do. preferred HIoss Sheffield «... Tennessee Coal and Iron Texas nnd Pacific. * Uafcm Pacific.. United State* Steel do. preferred Virginia-CuroHna Chemical do. preferred Western Union Wabash do. preferred.. Wisconsin Central do. preferred..*.. TIPS FLASHED From Wall StraeL ‘ rrltnl. Wlrn 4o War. A Lcliud. J.omioii heavy on American.; |M market Irregular nml unietttej. I'reiMenr Gary wiyi the queitlon ef a new horn! leine I>y United SIMM St Ml will not com. op this year. Trailing houies do not confirm unaetlted cmiitlthui. In Iron anil itel lrrule, but tot, eelllng of Unite,I .statei Steel la lillllvid to have been foe Initden. Selling opera* tlona likely to he continued, hut prn- neiineeil deetlnei will doiihtle.i meet with 1 Nhnrp check, nnd It In lio.Nlhle nggresiiv. buying mny he oncmintered In SIceTs. Cop per.. st. I'aul. Union nnd other actlv* etoeki. Free Itqutdatlon will lone up the mirket comtderabty. The cut In Iron prlcea and narrowneia of mniket ihoutd mike for un,etiled condlttou, nnd w. expect somewhat louor prices for next few day* Summary of yesterday's stock market by low. Jones & Co.: American atoeki In Ie li to >4 above parity. General market In London Irregular and No steel nuthorltlei confirm i -ports recently circulated. Tie; bolted 14) lb, Jutee, per bull ‘ ” ”—“iy. choice tor*. U..., ,o ill bale* 11.14; do.. No. I , Jl «; do.. No. 1 tl; do.. No. 1 clover mixed tl.54; do., No. 3 clewed mixed ■ CLOVBIL-CMe* 60c. The above price, are f. o. It. Atlanta, and subject to Immediate acceptance. GROCERIES. SUGAR.-RUndard granulated 6c. New Terk l(eHn«d l', tu t'i; plantations 4 to 414c. Market itronrer. UOFUKF,.—flouted Arbnekle'a tlS.SO; tiulk, In lugs or birrels, like; green 16 to 13c. Mirk-: weak. KIUK.—Carolina 414 to 7l4e. according to grade. Market very atrong. UIIKESE—r»ocy full cream dairy, 14c; trine. 1JV-: brick, 14c. Market atrong. pSoWIWIli fcorimi hama, ltWe. Cap MMto|tarifeM|i|4||ia fflia 6.H.I •HxP^ea Drift com* NEW YORK COFFEE MARKET. deUv«T < tJaiy In New 4 arch ffi: June July August Kcptimber.. .. .. o T .. October mim November fjw.* December AM Closed steady. Principal short Interest In Baltimore and Ohio duo to sales ngnlnst new stock not a good delivery for three months. Interborougb stock. 99-point decline In Western roads show noticeable decline In general business since June 1, and espe. dally slnco June !& Twenty-three roads for second week of Pennsylvania’s loan In Psrls Is the prin cipal source of weakness In exchange, but no neceslty exists for gold Imports. Recelvsr of Cincinnati, Hamilton and DsytOu and Per# Marquette denies that there Is any deal for dissolution of receiver ship and tale to other roada. Twelve Industrials declined 1.46 por cent. Twenty active railroads declined 1.30 por cent. F.NsW York, Juno 22.-DsnIel minr « i or; We would buy standnrd selected stocks near the opening or on any weakness today. Hentlment is extremely confused and can not be deponded on now ns a rule. Either Ithn str*l trade Is starting on a decline or something ha* been banging over the mar* iket. That therefore nnpvnra to be that the congress Is still tho vital point, with other fen tu res of nn adverse fancy only trailers, «u-h a A the i-rops, steel rate tutting. KuhnIiiii troubles and iimney flurries, nltlmugh the money situation seems greatly improved nnd gold Imports probable nnd a good bank statement prospect f<»r tomorrow holding great possibilities of short covering today. T nless tlo re In going io tie n decline lu general business we cannot see why the MODERN MILLER'S CROP REFORT. Chicago, June 22.—The winter wheat bar est Is progressing with little Interruption unfavorable xveather. Whore threshing --Jipleted or go*— — “*— above gramtatldof tha wheat Is espe tbs test weight being heavy quality equal to Inst year’s crop, itnm* relieved drouth In Nebraska and northern Kansas, but crop conditions In that locality are regarded aa unsatisfactory. Private Wire to^GIbert & Oily. Chicago, June 22.—Judging from present conditions of the supply sn<l de tuand and following former speculative precedents, the price of wheat looks high. But the fact la, we are establishing new precedents, wo are not able to sc * * farmers' crops In advance for him. ■ have had a pointed Illustration of this In the recent sharp corn advanca. While « uni) rul-- . Int c- u ' 1 >‘ • t " '■■■ I' ami while It may be in a posltbm to move early, there Is no guarantee of a heavy in-*v einent Irr4»spectlTt pf price. Tbs Spec ulative temper la much more sensitive to unfavorable rather than favorable condi tions, ns has boss evidenced the past two m Tha trade la broader. We believe the long side will bo much the safer until tho spring crop Is assured. Wheat opened a shade firmer with KG0O- land and I-nke buying nnd Ijngnn nml Comstock selling. Cables are unexpectedly higher on improved demand for enrgocs off fOOSt nnd on light Argentine shipments. Weather northwest continues reld. Indi cations aro for continued cold aud showers b'lmo mu . Oats—Trade limited and mainly local and professional. Market steady. cables and the larger receipts. Valentine Just bought 199,000 July wheat. Minneapolis wires: “Cloudy nnd cool _ the northwest and Cnnndn. Rome trace of rain. Nn complaints regarding crons of scrl .mu nntnre. Low lands not doing well, and there will bo constant unfavorable re ports from those sections, otherwise out look is perfect.” „ message from Lincoln, 111., rasdit “Wheat harvest commenced: quality ex cellent; yield will be about the average. 1 ' .... A Leland. Chics go, June 22.—There was a In when i bi-fore ill, - 1.--44- \ * ■ h r • • r 11 n \, , cables ore higher. cables. Ou tin? contrary, offerings of new wheat are very think everything points t9 a higher wheat _reryi ^ , market and idvl wheat. are very light. Wo to a higher wheat our frleqds to buy some There Is not enough In wheat doing to mention, but It has ttie ear marks of yes terday. II""-- 1 'Mul i'll- .• tit late In the day, then goes down. Wheat trade small at the openlog. Borne selling by local longs who did not get out last night. Rust hns taken hold of market aud should advauce It some. Ht. Paul wires: “Cloudy and cool; rained tember wheat. STOCKS REVIEWED BY NEW YORK SUN COTTON SEED OIL. THE METAL MARKET. I to The export business, how- continues gooi!. .... was strong nt nearly He advance In spot and nearliy deliveries. Other com modities were unchanged. 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. stiya: Tha action «»r the market proved pretty clearly that there has been a bear 4 Il4|ii4« nt U . ii.|i-ii\ .-rln*c >" b lower prices and force llnuldatloi Istcneo of sm li h clique has f..r some time beeu suspected, but that It hns achieved my Important measure of sacccss up to .his timo seems very doubtful. The open ing hore did not eomo up to !x>ndnn In soms of the active Issues, notably Until more nnd Ohio, from which the start wnx affected by realizing sales for the account denr at ths ness had not been In progress more than n fsW minutes when United Htntcs Btssl yielded to pressure nnd the decline in tho stock hnd the effect of unsettling the tire market. The selling was ostensibly based on the shading of prices for foundry iron by Booth era concerns nnd on the re vival of rumors that the corporation itnclf would soon authorize on Issue of 8. r »h, r >'>o.0no bonds for construction purposes. Tbo lnt ter rumor has become quit* familiar to the street, but tbo belief In good quarters Is that for tbo present the company will con tinue to carry on Its betterment work by the application of surplus earnings for that i>urpos4t nnd that the raising of new money through the Issue of securities In any form Is not Imminent.— (Jlbert A ('lay. RAINS WERE VERY LIGHT IN DROUOHTY DISTRICT cast of tho rher, the particular conditio which are much needed In ixdh sections, lmd n somewhat depressing effect, though the fact seems to be that Southern Texas was scarcely touched by tho rain. Texas and Isnulslatia were both dry ana hot. Ar kansas, however, hnd beneficial showers. Liverpool was n little disappointing, hor. •ver, and some room traders were more dls- pose4| to sell, vet It was not altogidhcr plain railing for a l*esr. Knot activity continues In Liverpool. Home f2.A» bnles were sold here. No rajn was predicted for tbo weet- Frank nawklns. President, n. M. Atkinson. V. P. . Joseph A. McCord, Cashier. Third National Bank Capital .... $200,000.00. Surplus .... $300,000.00. ern belt, am Ilght showers fell nnywh Messrs. McFnddeii. Hcfilll, Lee, Gwsthmey end Weld were buyers, nnd the selling was scattered. New Orleans bought and Liverpool sold. The advance In wages nt Fall River district looks os If the condition of trade at that point was encouraging, whatever some of the bears mar any to the contrary. That they are good In Lan cashire Is a fart beyond dispute. The largely n weather nffnlr. Texts gels i con be learned only TONE STEADY AND FIRM AT OPENING. Started a Fraction up with Com mission Houies Fairly Good Buyers. ( By Private Leaned Wire. Chicago, Juno 22.—It was a bear riajf In T?oarae grains, and after fight ln$ 1-4 tsiM. ntl\ f..r hours th»* hulls uera made to take a bark aeat In the wheat pit. The Modern Miller’s report over balanced all elae In the way of news. It told of the excellent quality of the wheat i)*iw li4‘lug threshed and *»f the yield exceeding expectations in many Instances. The black rust reporta that were sent In Thursday, nnd reit erated, were contradicted by,good au thorities in the tountj sending the damage news. Wheat closed unchanged to 1-S*® ■W *• r, corn I - 4 d l- s*' <;ff. *»ats 1 - 4 01-2c lower and pv vl *l° n8 5{j30c off. Cash sales 8,000 wheat, 50,000 < <>rn and 66,000 oats. Primary receipts, wheat 294.000 and corn 071,000, against 222,000 and 681,000 respectively a year ago. Clearances, 61,000 barrels flour, no wheat; 105,000 bushels corn und 156,- 000 oats. • CHICAGO GRAIN MARKET. The Chicago gram market ranged ns lows today: Prcv Open, lllgfa. Low. Close. Cl WHEAT— ‘Ton*-?* ft .i R OATH- I >rc. . PORK- July. .{7.10 JM9 ss 'It g Bept. .16. LARD— July. . 8.66 16.66 1-8 Hept. . 8 !.V. Oct. .. 8.82H 8.S6 HIDES— July. . 9.17H 0.25 Sept. . 9.10 9.15 4.95 I.97H S 60 8 77% 8.87% Cash Whs*8-No. 2 red. 87G88c; No. t do. 143186c; No. 2 hard winter. h.*WS5<'- No. 3 do, VMihSe: Nn. 1 northern spring. s.8®86«:; No. 2 do, tj^kSc; No. 3 spring, hft^|N»c. Wheat . Cera *• Oats Hogs .. 20,000 17,0( LIVERPOOL GRAIN MARKET. Wheat opened unchanged; 1:30 p.m. ! higher; closed He to Sc higher. corn opened He lower; 1 JO p.m., Sc hlg cr; closed Sc lower. NORTHWEST CARS. I'ollowlng tnI*1** give* tin- nortnwesr cn of grtlu today, last week nud last j4«nr: Mlnesnolls I Mlilitll ... ’hlcngo .. Today. Week. Ye PRIMARY MOVEMENT. The following figures give tho primary moliMiicnt of wheat nnd corn: Wheat—-Receipts today, 294,000 bushels, ngnlnst 332.000 IhinIicIn Inst year; ship ments today. 16,2>i bushels, ngnlnst 174.- 00-» bushels last year. Corn—Receipts t(nl«y. 671.frti bushels, gainst tsiishols Inst year: shipments today, 417.000 bushels, against 367,000 hush- lost year. BRADSTREET'8 EXPORTS. The rrs give the weekly oil grain: ..JRjday, 1.781,000 bushels, ImihJm In Inst ic»r; In 1904, Wheat nml rnlnst 2J».0t 975.000 bushels. Corn today, 153.000 bushels, ngnlnst 34 - 000 bushels last year, nud In UN, l.lK'.'fM bushels. A cure for seaslckneas, which a Oer- imm fb»ct(»r says be hns discovered, consists In the sufferer lying on his back and having handkerchiefs soaked In hot water twisted very tightly round his forehead. Dr. A. W. Cslkoua. Milton Dsrgsn mi V. Greot. If. Y. McCord. DIRECTORS! Frank Hawkins. H. M. Atkinson. Joseph A. McCord. J. If. Nun ns Ily. J. Carroll Psyoe. B. B. Rosser. DavJ<l Woodward. the tendency of Glbort A clay. New Orleans. Juno 22.—The Tlmes-Demo erst ssys: “Home further liquidation of July Interest nnd s small measure of short selling, engendered by the rain marks on tho Texas weather map, staved off stagna tion, but left the talent none tho less cau tious sad the public ss uacoaeeraed ss before. Heavy spot sales at New York and continued activity In the actual cotton division at Liverpool dispelled most of tho disappointment Involved at New Orleans. Tho outlook, however, has undergone no change. Crop weather la good enough, but do better than it should be. ’ftie Texas drought has l**en broken In Isolated spots only. Consumption contlsneu at the lively poce The public la not at all con cerned with the situation and professionals generally hare tired qf th«* 'dog eat dog* program. For the moment, the game Is not worth the cssdle. sod valuable opinion, bo- Ing circumscribed by the obvious U neces sarily limited to sage and somewhat trite observations which every one readily he- | llcrcs. but no «ne p.r.gcr care* to hear repeated. Meanwhile, the attention of room traders Is beginning. In s lazy sort of way, to center In the forthcoming bureau report. SOUTHERN EXCHANGE Oldest Established Office South. COTTOU STOCKS BONOS Mid Ground Floor Oould Building. Dally market letter and markot manual mailed on application. L. J. ANDERSON & CO Bankers and Brokers, COTTON, STOCKS, 6RAIN CorosponlMt'i Capital $250,000 RXriUNCX, TM4C NIAL SANS SHONE HIT. ntUOSNTIAL Si-DO Thera was soma vary good buying In ■pecbUtiM and these nave the Initial •trensth to th, x-n.ral active list. W'e do not see anythin* to briny about a bear campaign It the ateel trade and genera! business not on th. down grade and the hlfheat Wall street and trad, circles are authorities for the statement that no slyns of thle kind are In sight. Remain In the conserva tive trading position for the present ESTIMATED RECEIPT8. ... jr flrlesas expects 160 to 4*0 hslr*. sgslsst y«! bsles setosl tost yesr: (tol- vratea aspects t*4» to IJ4* bsles, sgslsst J.S4 I .lies artusl tost r“ T : Il'MJJoa ex- MADD0X-RUCKER BANKING CO. CAPITAI $200,000.00 SURPLUS AND PROFITS . . . . 8500,000.00 ACCOUNTS INVITED We invite accounts of individuals, corporations, banks and bankers and offer the best terms consistent with conservative banking. In our Havings Department we allow Interest at the Rate of 2 1*2 per cent. Compounded Semi-Annually. COTTOrVGRAlft, ^ROV*Ista ^■^■toSk^bonds, )NS, STOi Ns. 2 W»ll SI., Psltn tvi/4/ss, Allttft. 6i. UHIilKS: ffsw Tsrl Csffss fiditfi. A*w Orfsssi Csffss fscAssfS. ilvsffssf Csffss Aiiscisfiss. Prfvsfs Wlru fs H*w Ytrk, Htw Orfsssi, Ck/csys. itII n-9 1242 Chl<»ys IssrJ sI frsJs. Chief* Sltik laths*ys. Yark Csffss (irissys. F. Masses PIEDMONT BROKERAGE CO., (Ineerporated.) Bassmsnt Floor Piodmont Hotel. •TOCM*. BOND*. CHAIN. P*OVI*ION*. INVESTMENT*, Fact Wire Service from Now York, New Orloano, Chicago. COMSCftPONOENT* M. J. • AGE A CO. 42 DAO AO WAV. NEW VOWi tow. MOTH. Massyrr tsrsf ssJlssy Pi>fss<s tell Pfcsss HR.