Newspaper Page Text
mon-pat, jcn-fi w, lr*
WERE WITHOUT ADVERSE
EFFECT ON MARKET,
Trade Very Light, Though .Ten
dency Was Toward a
Higher Level.
Upht rains and Indications of more
ftxns does not adversely affect the market
for futures In New York or New Orleans.
The rainfall ao far has not, been general
and w hile a low barometer has appeared
the state, It Is not a certainty that more
rain
Tb** rainfall In Texas, as reported up to
12 o'clock. Is as follows: AbUene 102; Bee-
rjiio trace; Brenbam .01; Corsicana .20
ruero .04; Dallas, trace: Longview
Loling .M; Mexla .00; NachaUocbes
Palestine .08; Sherman .30; geo trace
Waxaliacble .02.
Tin- western Texas forecsst In detail
ti follows:
For the northwest partly cloudy both
sight and Tuesday. For the southwest pen
i»riillv fair, while fpr the balauce of Texas
and for Arkansas. Louisians nnd the ter
rltorles partly cloudy weather with showers
and thunderstorms and cooler weather.
The Liverpool market was letter than ex
pected In that It did not fully respond to
Kew York’s decline on Saturday.
At the close futures were 2 to 3 points,
while spots were marked off 6 points to
1.14 on sales of 7,000 Vales.
The New York market ope
to 1 point higher, nnd for
the session there was practically nothing
doing. Speculation Is dead, for the time
Mug at least, about the only factor being
the continued liquidation In* July and until
that option Is out of the way, and the mar
ket assumes Its normal condition, specu
lators to a great extent will hold aloof.
culmination of the
with It premiums for the new crop are
bdug established nnd the selling position
more secure. While July was at au abnor
mal premium over the new crop It wns
enlv natural that October ami Deccmlwr
July-August manipulation ...
might succeed, so might the July
Orleans, but the grounds for their success
ire purely technical and do not reflect
merit or the ecouomlc conditions. The uew
crop positions mnst be judged nnd valued
hr themselves. Lower prices seem Immi
nent. but n seller must nave patience and
l»e prepared to cover if the outlre licit lie
affected by drought In July nnd August."
In the afternoon the cotton market turned
weak and a sharp decliue resulted. July
sol 1 down to 10.10 after opening 10.32. The
new crop months showed a loss of 10
points.
By Private Leased Wire.
New York, June 28.—The local cotton mar
ket this morning opened steady, unchanged
' 1 pofnti
to pro-
„ _joft-In
terest in the late months, coupled with
steady cobles from the market at Liverpool
sustained the list, and after the call It
advanced a i»olnt or two over Saturday's
close. The market at Now Orleana opnied
practically unchanged all around.
8POT COT1 ON MARKET.
Atlanta—Rasy, 10 13-16.
New York—Steady, 10.80.
New Orleans—Rasy. .10 15-11.
Liverpool—Easy, u.l4d.
Augusta—Steady, llKc.
Savannah—Quiet, 10%c.
St. Louis—Quiet, ll%c.
RANGE IN NEW YORK COTTON.
Tii,' following 1, itio range In cotton
future. In Now York today:
Lnit Prerloua
Open, tllch, Ix>w. H.le. Clone. Cltwe.
Jnne ,l4.» 10.S J0.2S 10.* 10.10-12 10.20-22
July .10.2! 10.31 10.10 10.12 10.11-12 10.21-22
Au,. .10.31 10.* 10.20 10.30 10.10-20 10.31-321
Sept .10.35 10.35 10.23 10.24 10.24-25 10.31-M
Oet. .10.36 10.3J 10.* 10.27 10.25-27 10.34-36|
Nov. .10.44 10.44 10.34 10.34MSMMMH
10.23-20 10.30-37
10.44-43
. .10.43 10.45 10.43 10.4S 10.30-41 10.44-44
Nell. .10.62 10.62 10.42 10.42 10.44-45 10.6243
Ciutetl otetuly at th« decline.
RANGE IN NEW ORLEANS COTTON
The following I* the nngi
future. In New Orleana today:
I,n*t Prerlona
Open. Hlgb. Low. Sale. Clow. Cloae.
Jnne 10.51 10.*
July .10.70 10.35 10.32 10.* 10.6244 10.30-81
Au,. .10.43 10.66 NI.44 10.45 10.45-47 10.6142
Hept .10.40 10.40 10.40 10.40 10.14-35 10.42-44
<ht. .10.28 10.34 10.21 10.22 10.21-22 10.23-2,
Nov 10.23-26 10.30-32
jtee. .10.22 10.37 ,10.24 10.25 10.25-25 10.22 *
Jan. .10.37 10.42 10.* 10.* 10.32-2? 10.38-40
Mel 1 ,'. :io.SO 1062 10.44 1044 104445
Cloaed iteudy,
LIVERPOOL COTTON MARKET.
Liverpool, June 26.-12:15 p. m.—Spot cot
ton ,inlet, with price* aaay. Middling np-
landt. Olid. Safe*, 7,000: Amerlenn. 5,700.
rj>, ,-nl«tloo and eiport, 700. Receipt,, 2,300
•II American.
Opening rrerlou.
June
June-July
July Angnit
Aug.Kept
Sept. (let.
Oet.-Nov ,
Nov.-lire.
Jan,-Pelt.
1 oh. Mnrch
t't„*ed .teady.
TODAY’S PORT RECEIPTS. _
The following table .howa receipt* «t til*
6* 6»
6.344.82 6.M >11
6.304.7* 5.324.0 6.34
6.71 6.7*4.74 6.74
6.544.53 6.54 _ 6.57
6.65-6.64 6.654.50 6.*
1.65 5.154,6* 5.51
Non- Orleans
Culve.ton
Mobile
3avannah
ctinrleaton 1
ollmlngton
Norfolk
RflIUmore
N. w Vork
lL«eon
I’hliadelphl*
1'aetfl,. Coast
Totll
mo
INTERIOR MOVEMENT.
Memphis
?’■ leOUU ..
i !ii>'Innstl
Private Wire to Gfbert & Clay.
New York. June SS.-Llvertiool at 12JO p.
m. wsa 5 points lower on this crop and *
and 4 on next crop. Was expected to bo
and 8 lower on this nnd 4 lower on next.
Except for the continuance of the July
liquidation, the market Is featureless. The
new crons are growing daUy more vulnera
ble, and lower prices seem probable.
The Journal of Commerce reports cult!
ration of the crop In North Carolina de
layed and labor scarce, but with fair
weather correspondents think the crop will
be nearly all saved. Plants are generally
healthy and growing rapidly, but many are
small.
New Orleans, June 25.—Liverpool 4 down
on near and 3 on distant Is a shade better
than expected, being due 6 points lower on
near and 4 lower on new crops.
narrow and uninteresting.
the drouth In southern Texas remains un
broken, although a low barometric pressure
to the west of Texas may bring some wet
North Carolina, and an uufavors
In a stau
week's developments have been unfavora
ble, though not necessarily Injurious, over
8 per cent of crop and Injuriously hot and
dry over 5 per cent, and favorable, though
with a wide range of conditions, over 87 per
cent. There Is an area of low pressure cen
tral over northwest Texas which holds
promise of showers for that state, which, If
eallsed, would be beneficial. While It la
jot unlikely that showers will attend the
eastward advance of thin low over the en
tire belt, there la no decided Indication of
rain, which Is favorable for the Atlantic
atatea.
Private Wire to Ware * Leland.
New York, June 23.—The next govern
ment report, to Ikj Issued on July 8 at
noon, will Iw on the condition of the crop
up to and Including today. The rest of the
week will not be considered lu the report.
. 3 uraiiiu. uii;iuiuk
but n very bearish report would be n great
surprise to most of the New York profes
"Small market;
L. J. ANDERSON & CO.’S
DAILY COTTON LETTER
New York, June 25.—No rains In Texan
to niuouut to anything materialised over
Sunday, hence the local market displayed
better tone after the opening today.
,._dltIon to covering by disappointed sh
there was some baying for Investment by
addition to covering by
there was some liarlodBBHHHP
Interests that argue the decline has gone
far enough. It Is known that there la
now a large short Interest In July and
ns the bulk of the long Interest has been
liquidated It may be that the market will
be turned against the aborts at any mo
ment. However this may be, prices around
l(H4c. with a doubtful outlook and n large
supply needed, do not look unattractive,
nnd n drive at the shorts could lie manipu
lative with comparative ease. The market
today has been steady, bnt very quiet. |
Trading Is confined mainly to the profes
sionals, but efen they seem lndlspowd to
PIEDMONT BROKERAGE CO.’S
DAILY MARKET LETTER
and futurea, ^ _ __
there. Liverpool spot market ml van.
14 points last week, while the New York
market declined 20 points. Foreign apln^
for the world. The fact that wages in T*
dr, food, trait*. Our inarkata opened ■toady
with ndrnncea of 1 to 3 point*. Tba rail.
In July wm .hurt llred, nnd after aelUu*
5 10 point* reacted. The new crop op-
na were rery .toady, and while abuwera
_are been reported In aome part* of Tax**,
they are Inmfticlent. Online** and prof**-
atonal trading at preaent In the market.
Ho far aa could be learned It aeema aa
though one of the big July aellora of Rat-
onlay waa buying that month tbla roordlua
and tber* were rumor, of ■ new bull
. rumor, of a new bull
pool of certain Rngll.h and New-York In-
tereala. Peara of July liquidation waa only
factor promoting hear prcaaure agalnat late
month.. July anil Augnat held atcady na
a remit of corering and abaenen of nqul-
datlon.
Htocka—The stock market haa reeolred
Itself Into a discouraging, perplexing mar
ket. It la strong and buoyant one dor,
and demoralised the next. Henttment la
generally bearish, and no activity or In,
tercet taken by the apeculatlre public.
Trading la entirely .profeaalonal. The re
cently Inereaeed dividend, on a number
of leading laanea ami talk of an early divi
dend on Southern 1-ariBc ahonld Influence
better price*. The better crop report* from
the weat ha* provided no ■ttmulua to trad
ing. Yet wo think atocka are a better
pnreheae now than for aome time.
NEW YORK TALENT RAIDED
JULY MERCILESSLY
MADE SOME SLIGHT
THER LOSSES EARLY.
Supply of Stocks Exhausted After
First Hour, and Upward
Movement Set In.
By Private Leased Wire.
New York, June 25.—The week oa
stock exchange opened with the same
certainty In trading circles that was the
cldef Influence last week. Ho far si out
side developments were concerned, there
was nothing new to Influence speculative
calculations. The foreign market* displayed
much the same hesitation as our. own, and
were sent
—___ . j the early
dealing! local movement was again very
much confined. Home sharp declines oc
curred In the minor Isaacs. where, ms In
most of the Important rallfoad Issues, rath
er better support developed, and this group
as a whole were well sustained during
the morning. It could be said that thero
was venr little liquidation, and except lu
a few Inconsequential stocks none of au
urgent character, nnd on the other hand.
It Itad to be admitted that offerings were
very free on the rallies.
The stock mnrkct opened at general net
declines. Anaconda off 4; HtneTtlnj down
%. Baltimore and Ohio and Car Foundry
off H, Erie and Northern Pacific hi and
Pennsylvania and Union Pacific %. Amal
mated opened hi lower and declined hi
addition. Southern Pacific was an ex
ntlon In advancing at the outset hi
lt was generally remarked that the trad
ers and outside speculators came down towu
this morning to sell stocks. Under the
[ irdssure from this selling prices opened
ower and made aome slight further losses
n the early trading. The market waa hard
to depress, though, nnd a demand appeared
ou these early declines that easily ex
hausted the supply of stocks ami forced
an upward movement before the first hour.
commission houses were ou tho selling side
of the market.
Cfivbriimcuts unchanged.
Strong.
Other bonds
STOCK SALES,
284,180 shares
>on 442.500 shares
1 p. in. ' 687,900 shares
fl7fl)Jfu..«.D9KTAOIN8HIlDLUKTAO!NUN
1n. in 681;400 sh
Total 989,900 ah
STOCKS REVIEWED
BY NEW YORK SUN
New York, June 25.—The Hun says; “Tho
market last week showed no great change
from the conditions prevailing for some
time previous, there being a lack of In
terest oa the part of the general public,
nnd operations which for some tlpie past
have been by professionals. The continued
absence of the public, however, .became
rather more dlscoucertfug lu view of the
developments of a favorable nature which
occurred during the week, and which, under
"“■nr circumstances, might lie expected
ere n bullish Interest. Associated with
Pennsylvania management are some
of most Important financial interests In tho
country, and Its liberality In dividends
meets with the approval, which lu Itself,
s a sufficient Indication thnt there la noth
ing In the busluesa or Ynanclnl outlook
to warrant the apprehension of any lessen-
dividend
mon stock will be raised from a 4 to _
" per cent basis next fall, and even Chess-
I wake aud Ohio nmy raise the rate of Ita
——* disbursements In response to the
of Important minority .holders to
te In the road’s* prosperity. The
the news during the week on the
annual disbursement
demands of lm|
innrtldpal
tenor of IRPHMi
whole was favorable,
while the reports
on causes tending
praspsrT-
& Clay.
Amalgamated Copper...
Atlantic Const Line'.....;
Americaii Sugar Refilling
Anaconda
American Locomotive,
do preferred
American Smelting Ueflulug
do preferred
Atchison
do preferred
American Cotton Oil
Baltimore ami Ohio
Brooklyn Itnpld Transit
tsnsdlau Pacific
Chicago and Northwestern
Chesapeake and Ohio
Colorado Fuel and Iron
Central Leather......
do preferred
Chicago and Great Western.....
Chicago, Milwaukee and Ht. Paul..,..
Delaware and Hudson
Distiller's Securities
Erie "1
do preferred
General Electric
Illinois Central
American Ice Securities
laoulsvllle and Nashville
New York. Ontario aud Western..,.,
National Lead
Northern Pacific
New York Central
Norfolk and Western
Pennsylvania ....a....,.....,........*
People's (las.
Pressed Rteel Car
. do. preferred
Pacific Mull
Beading
Republic
Bock liland.i,.,..........................................
. do. preferred
Lnlted Htntes Rubber
do. preferred
Southern Pacific
Southern Railway
... do. preferred
Hloss .Sheffield
Tennessee Coal and Iron
Texas and Pacific
Union Pacific
United Htates Steel
.. do. preferred,
Vlrglnla-Cnrollna Chemical
do. preferred * ....J
Western Union
Wabash
do. preferred
Wisconsin Central r.
do. preferred
Steel
TIPS FLASHED
From Wall StrcoL
Bearish talk on steels.
Look for a smash on coppers with enough
rofvsslonnl selling lu Smelters aud other
nduatrlnl* to unsettle tho # genera 1 market.
Further liquidation can be looked for, bnt
expect strong support In Harrison stocks
—fraiMHllP issues. Sharp rallies should
.taking on the good
and the Hill Issues, flbai
appear and would favor
stocks anduly depressed for turns.
Look for Irregularity In the stock mnr-
ket. Business conditions and crop outlook
satisfactory. Would boy stocks on sharp
recessions, only, however, as outside specu
lation la very narrow.
There seems to be good buying lo South
ern pacific with support enough to create
rallies In all the active stocks. Commission
bouse opinion Is so unanimously bearish
thnt It looks a little suspicious. Selling
of Pennsylvania on the report that tho
president may. be prosecuted.
Summary Saturday's stock market by
Dow. Jones A Co.: Amerlenn stocks In
Loudon heavy H to ft below parity.
I^indon raining settlement began today
and regular settlement begins tomorrow.
Foreign markets still unsettled by Rua
stan International altustlon.
Fewer steel mills expected to rloto this
summer^Uian over beforo lo history of
to cxchango
. per cent col
and 6 per cent
,000,000 new 6 per
Forty-throe roads for second week In Juno
show average groaa Increase 1L60 per cent.
Eighteen million eight hundred nnd
eighty-four dollars cnsti returned from
Frisco so far, with 122,7.1,000 still to como.
Twelve Industrials declined 1.10 per cent
Twenty active railroads declined L12 per
cent.
Private Wire to Glhert A Clay.
New York, June ^-Daniel Odell A Co.t
"Further bearish operations today la tho
stock market are Indicated by the atate
of sentiment which rulos' temporarily nnd
*' laanl position should br
the Individual position
It wise to eontl
following profei
exceptional rases
be clOSOlj
- - Jny making
In the trading poRtflim
N/ lu
attention
superseded In
THE WEATHER.
New Orient, June S.—The Tlmaa-Damo-
^rat aajrr. Tired of the old crop and *
lux tender, of nndoalruMc grade, the
York talent raided July mcrrllcasly. while
the prontlac of ralna orrr the drouth aar-
tloo of Toxaa acat .peculator, of the new
crop podtInna Into the arena again. Mean
time the loxtcal effect of th* week-end ita
flatten faded Into thin air. The weel
brought to light no market factora of ape
ctal Importance other than tho promlae of
a aplandld crop la th* New Orleana terri
tory. The Held, of MlaalMlppI, Arkanua
and Loo tala na are reported In moat excel
lent condition, and la a fair way of read
Inatlntt tho yield dlatributlon which waa
•jrown all ont of bnltnro laat year.
On tho week New Orleana loat V6e mi
middling apof* and * point* oa the July
option.—Ware * Laland.
ESTIMATED RECEIPT8.
New Orleana expect* 1,7* to 2,200 hale*.
actual laat year: Oalrealoa
agalnat 3,000 actual laat year:
llonatoo r “ * "
laat year.
THE DRY GOOD3 MARKET.
Prime Loaned Wire,
few York. Jnae S.-The dry good* mar-
quiet today. The tone of the trad*
mprored by tba recent rerlalona of price.,
bd a larger morement la looked for.
1.600. agalnat 3,000 actual laat year:
2,100 to 3,000? agalnat 2,16* actual
GIBERT & CLAY
** K. ALABAMA
BOND*.
COTTON. CHAIN.
CO FFCC. PROVISIONS
ATLANTA, OA.
esssBz sSsTfl'SffI
Exchange (New Orleans Boird of Irt'le.i<*elvestoa Cotton Exchange*
Privet* Wires t.* all ExcMngcv
Local and Lnns Diatanc* Telephone 52M. W. R. FAGAN, Manaflar.
f-w York Cot
-Vw Y«
LOCAL FORECA8T.
Atlanta and Vicinity—Partly cloudy to
night nnd Tueaday, probably abowera Tues
day.
WEATHER CONDITIONS.
preaaure clement baa l>ccomo very
much broken and unevenly dlatrthuted.
there tiring several amall area* of relatively
high and low barometer, scattered over
the atate* eaat of the Itocklaa.
Owing to wire trouble no report* were
received from the 1-ncldc eoaat elation*.
Over tho anuth tho weather la Mnatly clear
and than haa bee. bnt little rain In th*
laat 3* hours, while coaaidarehl* rain '
fallen In the Mlaaonri and Mlaalaaippl
ley*. High temperature* contlnu* at uoqt
COTTON REGION BULLETIN.
Forth. 24 hour* enmn^^at Ita, 75tb
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.
msrtdlas time, Jnne
STATIONS OF
ATLANTA
• DISTRICT.
cloudy...,
•Atlanta, r . ..
•Chattanooga, clear.
Columbus, clear............
Gainesville, Hear
Greenville. Hear
Griffin, clear
•Macon, dear
Moatlcello. clear...,
N>wnan. Hear
Rome, ri(ir... v
Hpsrtsnburg. clear
Tallapoosa, clear
Toccoa. clear......
West IfRint, clear
•Minimum temperatures
Max. Min.
TT
are
period ending at 8 a. m, this date.
for 12Yo5?
CENTRAL
STATION.
Hi
Atlanta
&SSV::::::;::::
Galveston
Little Rock
Mobil.*
Montgomery
New Orleans
Ksvarnish
Ylrkibnrg
Wilmlngtoa ..........
Remarks.
The temperature changes were nalmport-
ant the past 54 boor*. Light rains were
general over the belt . xeeptln Montgomery
and Havannab district*.
J. B. MARBURY.
DUL Averages.
JEL
lig
5-2
ThomssjC. Erwin. Asst. Cashier.
Jo.cpit ir MeCord. Ca.hl.r, ft. W. hferi, Asst. Cashier.
Third National Bank
Capital
Surplus
Dr. A. W. Calhoun.
Milton Dargan.
John W. Grant
Y. McCord.
$200,000.00.
$300,000.00.
J. IL Nunn.lly.
J. I'arroll Payne.
JL B. Rosser.
David Woodward.
HAVEYOUANYMONEY AHEAD?
Is It Invested where It Is perfectly «af«7
Is It available now U FORTUNE should knock at
your door?
Prepare yourself to tako advantage of opportunity
by Investing your savings In this bank, where they
will earn 3M per cent COMPOUND INTEREST, be pet'
fcetly safe and available practically on demand.
CENTRAL BANKS TRUST CORPORATION,
CAPITAL $500,000.00
Asa G. Candlsr, President.
W. H. Patterson, Vlca-Prssfdsnt. A. P. Cofss, Csshfsr.
John 8. Owens, Vice-Preeident. Wm. D. Owtns, Asst Caahfsr.
Chicago, June 28.—Weaker tom* to cables
and fairly good weather lu tho wheat licit
will girt us a lower wheat market todgjrj
However, the situation warrants buying «>n
alt moderats breaks.
wot harvest In southwest on<l red rust ap
pearing lu Houtli Dakota and Budapest up
-<*. This all comblued caused reactlou of
Ingalls, back from winter wheat country,
says Kansas trill rnlso over 70,000,000 lniflt-
el* of wheat, and will ralso aa much winter
wheat aa last year.
Quite a large trade among nit traders In
corn, and nlmut an stcu divide. Ilelknnu
sold Cnmstork 250,000 aud there was other
scattered sidling.
Chicago Inter-Occsn: Cash business In
wheat Bnturday was 90,000 No. 1 northern.
Thero wore mas for No. 1 northern of %c
over July lu storo and No. 2 was thic under.
for No. 1 northern of ty?
- aud No. 2 was *Hc under
One of tho largest holders of cash wheal
with December was a sailer.
Sales of corn were 170,000 and oats DO,000.
All the reports from Winnipeg nod the
Canadian nortlfwret were favorable. Texas
raised 144,000 corn lost year, but this year
It Is suffering from drouth.
not In the market. Tue elevator people are
rook lug contract corn end have taken n
good part of tho receipts during the week.
WARE 4L LELAND'S
DAILY COFFEE LETTER,
New York. June 21.—'Tho market opened
unchanged to 6 points lower lu response to
sappolotlng European rnhlea, but rallied
l a continuation of local buying and at
mid-day waa about unchanged to 5 point*
higher on tho general range, with sale*
reported In one or two mouths 6 and lo
points above the elosiug figures of the pre
vtoua day. There seemed to Ik* com para
lively little coffee offering and tho de
mand required tm rally the market waa
only mndrratc with sales to mid-day about
,9,800 bar- * -*“ “*
| op upspidffffUPPWWWNPPipmi
general news, although aomn demand of
this character la noted and seems to be
due to the bullish sentiment expressed by
aome of the lending trade Interests, who
|—* a reputation tor helm? moat hit I-
■L ily Informed as to comlltloua In all
lira mlies of the trade.
These lut«*r<>Hta express a strong opinion
Hint til#- 4-M. i.l ”f Hi- ■ f- '
bo a disappointment to the larger esti
mates and that, besides tbla, the world
will require a larger yield than previously
owing to depleted stocks In consuming Hr
1 no actual nrc-
'rltnary markets
) rels higher In
were steady and 60 to 100
pile of the dranee ‘ ‘ *
nizlllati exilinuge.
Tbs fottowlng tiMRHPM
nnd closing quotations for coffss for I
delivery today In New York:
Opening.
March., ..
April.. •• „
May
June
July
August
Heptember,. ,
desire shown to sell
erstore buying, and tho market Mri
slightly on an adranro of 2c bn*li<*| in
Bads post. Them was a f—d Mscd do-
crease In tho visible, but not up to expects-
tlnns. To#» much rain In many places In
the ii'»rlli»\4-*t, with rep«»rlH <<f nm», but
out»Me buying was not In etidwr*, nnd
locals sold out, thereby allowlug the mar
ket to drag down. The closing wss easy,
bnt on further dips wo would favor pur
chases
Thors wero unfavorable reports from
Texas relative to the corn crop, but gen*
the market ri»eed heavy and we wonu
Commission house selling of oafs appear-
tember, but tho demand was more than
satisfied. The northwest snld, the rinsing
was wank, and It appears to us as If the
market will work somewhat lower.
Thero was tiu/lng of lord lo the pmvl*lons
market by Cudahy and commission bouse*,
bnt there was plenty for sale. The market
was not at ell active, ami wore It not for
the support of packers would have de
clined. »Vo look for lower prices on prod-
CLOSE IN WHEAT
CENT LOSS
LOCAL CROWD AND COMMIS
SION HOUSES SELLERS.
Liverpool Cables and Large Rui-
sian Shipments Largely Re
sponsible for Decline.
Chicago, Jnne 25.—Wcakncna In Liverpool
cables and large Rnsslau shipments were
largely responsible f„r an easier opening
In wheat. Local crowd and scattered com-
tuNxInn houses were early seller*.
Wheat was He lower, corn M/H<* lower
and oats He lower. Hog products wero up
a trifle.
. During the laat hour of the *e**lon the
bears In the various grntu pits filled up nil
comers and then sold the market down
ward. There was some buying order* In
the market on rust reports. The move
ment of wheat In the northwest un* still
large at 828 ears, against 22 cor* a roar ago.
fhere was a large amount of wheat, nnd
oats ou sale on the hard spots eariy and
they were on sale on the c.ri inter
lu the day. New bulla arc needed In nil
the grain markets.
Thero were decreases of L255.000 bushels
In the visible supply of wheat and PD7.000
In oats, while corn showed nn lncrcn«» <>r
248.000 bushels.
Primary wheat receipts 417.000 and corn
854,009 bushels, compared with 844,000 and
997.000 respectively a year ago. /
Clearances for the day S35,m wheat, 4.V
000 corn, and 20,000 Sato.
CHICAGO GRAIN MARKET.
g*
Dec.
UORN—
July. . 51 II
*
C,;: S» S3
Jnlx. ,17.06 17.05 17.00
Mont. .10.05 10.06 10.65
f.ABD-
Jnl». . 3.05
Hapt. . 1.00
'•rt.
HIDER-
Jnlr. . 3.16
S?t!’
25
8.0744
l.ffi 8.90
1.86 8.80
ftIP*
8.92V*. 8.90
8.92H
K.fr)
8.82H
9.15
9.10
8.90
CHICAGO CAR LOT8.
Corn
out
Hogs
LIVERPOOL GRAIN MARKET.
Wheat opened 4
S lower: closed H
Corn opened '* h
lower; (loaed \ to m l
hlglmrj 1:30 p.
*»?*»*
THE LIVE 8T0CK MARKET.
1*1 H.%;
:.7H;
Market sfi-mlyMiuullty
critlinotcd for tomorrot.. _
9.45; light. M254|<.5:H: 111
heavy. |fi.y)®4.C»); rough.
*6.r-rk.r., lo. i:v*C*5;i,: -
choice heavy, lfi.SOfiv.90. •
Cattle-—Receipts. 23.0W. Market stfody to
l<k- higher. Quality fair; beeves, USttf/C-lO;
rows, 81.8004.59; heifers, 17 4 dM-90; mIm-n,
84.50; giwwl steer*, 15.21*^ 10; powir to
medium. S3.X4/6.15; stoekers emul fe*-<b‘r*,
S2.f0fi4.40. .
keep— Receipts, 22,000. Market ataad.r;
litjr fair; untlven nn«l western. S2.S ' /, b
; yearling*. Sfi.OOfiAfiO; Iambs nnd Hent-
. st.sofi7.aa
Apart from a little buying: shortly
after the opening this morning, the
market ruled extremely quiet and fea
tureless. These purchased were gen
erally attributed to somo covering on
tho part of ti fow shorts who wero
mnnlfently dlscournged over tho long
and still unbroken drought In the
southern portion of Texas. True,
shower* and thunder storms are pre
dicted for ths eastern portion of tho
drought section, but tho trade In m<>ro
Inclined to tho view that heavy precip
itations and not light scattered show-
•« arc needed to replenish with mois
ture tho well-dried fields of Ttxfl* In
tho eastern belt no concern Is felt over
Hi* Hp-tiPd d.image thr-iqgli «-x< , o*hhivo
moisture to ttya plnnt, for the paxt few
•l«i*. * lit \ l»* *-n without any preelpltii-
tlons, nnd henco very fav.ruble for ths
cleaning of grass from the fields, a
condition that has been variously re
ported ns considerably nmrrlng an
otherwise excellent stnto of cultlva-
tlon.
COTTON SEED OIL MARKET.
although price changes were stnail. Htocka I
ode there |g also
I,, i.i. i - mam I...
engtb la bird ami
WM. L. PUL,
BOBT. F. MADDOX, Vlce-Pres.
TII08. J. PEF.PLBH. Cssbler.
JAR. O. LKHTLR. Ass t Cashier.
MADD0X-RUCKER BANKING CO.
CAPITA I $200,000.00
SURPLUS AND PROFITS .... $500,000.00
ACCOUNTS INVITCO
Wo invite accounts of individuals, corporations, banka
and bankers and offer the best terms consistent with
conservative banking.
In our Havings Department wo allow Interest at the Rate of 3 1-t per
son c»f the year, nnd '
t much left, and th
__llety to sell. Tbs ______
the !e«« favorable cotton outlook la tbs
south Atlantic regions Impart*.! some
igth to the tunrk-t. which at tbs close
Irregular with prices higher to Me
lower.—Ware it Leland.
Opening. _Clos» t
June 5
July K
Isstwhtf m.mimmAm 1$*'
October 89
November 21
Deeomber “
Closed steady.
SOUTHERN EXCHANGE
Oldest Established Office Routh.
conos STOCKS BONDS MM
Ground Floor Gould Building. Dally
market letter and market manual
mailed on application.
GI BERT A CLAY'S
DAILY COTTON LETTER.
By Private I/dmiI Wire.
Sew Orleans, June 25.—Liverpool
waa very quiet and got out no cable*.
Option* lost front 1 to 2 points on the
close and spot sales amounted to ?,0u0
bales, Saturday’s quotations being Ye-
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS. 6RAIN
CormpontHt's Capital $250,000
acriacNcc. the ncal sank
smoni i4tv. eauocNTiAL bloo
WARE _ ^ _ __
* “RAIN, PROVISIONS, STOCKS, BONDS,
r Orltaat,
__ & LELAND
COTTON, Git. .
Ht. 2 Wall SI., talari Building, Allaala, 0a.
BlHBieS:
Maw Yark Cattaa lathaagt.
taw Orltaai Cattaa tatkaaga.
Urttgaal Cattaa Anatlallaa.
nlaatt Wlrat la Haw Yark, Maw Otltaat, Chicago
tall Hkaaa 1 HI
PIEDMONT BROKERAGE CO.,
(Incorporated.) Basement Floor Piodmont Hotel.
STOCKS. BONOS CftAIW. MOVISIONS. INVKSTMCNTS,
Fast Wire Service from New York, New Orleans, Chicago.*
coaarspoNOtNTt
M. «l. SAOK A CO.. AM BROAOWAV. NEW YORK,
roar. Horn. Waaagtr. LacalandLoag Obtaact Ball Fhaat Off.