Newspaper Page Text
rrrsriAT. Tarn w. ito«
HEAVY RAINS PELL IN TEX-
AS LAST NIGHT.
4
They Were Beneficial, Though
Were Little Effective—Slight
Decline Shown.
NEWS AND GOSSIP
Of the Fleecy Staple.
ilroutb In the western cotton belt
m< broken yeoterday.
All eeetlono of Tcxm bad raina-not ahow-
,ra, hot henry ratna, aa mneb aa t.C Incbea
IJhelne re|M>rted at Taylor, Tex.
1 The New York market opened generally
weak, more aa a remit of July liquidation
than to the mine In Texas. The July op
tion Bold off t“ * ™* *
but on heary I
bark to 10.U, l<
OfMlIl.
Tb** new crop months opened slightly
lower. !»ut food buying strengthened prices
an-l following the early decllnejnices forc
ed nlxive yesterday’s closing. The Improve
ment was short-lived, however, and near
the noon hoar declines were shown ts com
pared with the previous Hose.
After a spurt of activity at tin
the market relapsed Into dullness.
The government weekly report
Uii. but It dkl cover the rains In Texas
hut night and today, hence It waa with
out Influence.
Theodore Price Issued s circular this af
ternoon In which he save It Is not Itnprnba-
hie thnt his tenders will t>c less than 38.000
hales, owing to the apparent demand for
thin cotton. He exnreswel the opinion that
the New York stock will not exceed 60,000
hales within thirty days.
By Private Leased Wire.
New York, June 36.—In the cotton market
business'at the opening was * active and
the list was weaker, first prices tielng 2 to
I points lower. The decline wan due to
Xoi*i rains In Texas. An attack was made
the necount of Interests In the South who
bear pressure from room sources.
SPOT«fcOnON MARKET.
Athmtn—Quiet, 10»ic.
New York—Quiet and steady, 10.80.
New Orleans—Kasy, 1016-16.
I.lverpool—Htendy, C14d.,
Augusta—Quiet, llUc. -
St. I-ouls—Quiet, lOTic.
Private Wire to Glhert A Cloy.
v " rk ' :-«.-Llv»rpool «t 12:10 p.
*»• **!. * !°w»r on tbta crop and <u on
n,x». Expected to be T lower ou thla nml
4 on next crop.
Price lunea a circular making tba condl*
tlon .4 per cent, agalnat 17.4 iaat month.
Haloing all orer aootb Texaa.
Nordra bidding 10.10 for 1,000 July,
New Orlaaoa, Juna 2,.—Liverpool 5 down
on oear ond a down on dl.Unt month, la
bottar than duo on tba former and wroroe
tban expecte.) on tbe latter poattiona. On
oor market It akoold bar, been about (
P^lofa lower on Jaly and 4 lower ou naw
Weather forecaat la generally for unaet-
tled weather, with ahowera and thunder
atorma In toralalana and Arkauaaa nnd
auowcra today and tomorrow In aoutbeaat
Tt a*a. Boutbwaat Taxaa fair and warmar
and lulanco of dlatrlct partly to Increaalng
cloudlneta.
...Waco, Tex., wlrea through night meaaage
Good rain tbla aecttou tbla afternoon; varj
benedclal.
PRICE OF STOCKS
OPENED HIGHER
MARKET WEAK GREATER
PART OF FIRST HOUR.
uons is nroien. m some peris or Texas,
notably tba Southern, the precipitation la
W7, »«•»*. 4.13 lachea baring fallen at
Taylor. The weather la cloudy and tem
perature, ara lower.
Print, Wire to War# k Leland.
New York. Juno 34.-Cotton opened ,
with continued liquidation of July, a
neaa eapeclally noticed In July. Now crop
alao wrak on baariah weather map. The
only buylug la from abort,, which la not
enough to auataln price,. Market acta
heavy and think It a aala on any advance.
mar*/ 1 ”*, *■ ktrengtbenlng the
Sctalll bidding 10.13 for *,000 July.
A little rally here, dae to local abort cov
ering and. a little buying by rommlealon
houaee. Mecma to bo lot of July for aato,
which la tenderad to check further ad
ranca.
RANGE IN NEW 0RLEAN8 COTTON
The following la the rang. In cotton
futures In New Orlaana today:
Last Prevlooa
Open. High. Low. Sale. Cloae. Cloac.
June * 10.60 10.61
July .10.66 10.07 10.63 10.60 10.M47 10.044
Auc. .10.46 10.60 10.44 10.60 10.4940 10.4447
Sc|»t 10.1346 It.UK
" • 10.10 10.23 10.10 10.23 10.21-33 10.31-22
I ISti
■■■ l,„ _ .. lO.S-S
Mrh. .10.43 10.43 10.43 10.43 10.44-46 16.44-46
Closed steady.
RANGE IN NEW YORK COTTON.
The following Is the range In cotton
futures lu New York today:'
least Previous
Open. High. Low. Bale. Close. Close.
June 10.12-14 10.10-13
July. .10.08 10.14 10.01 10.14 10.13-14 10.11-12
Aug. .10.16 10.25 10.16 10.23 10.23-24 10.19-20
Sept .10.20 10.23 10.19 10.23 10.21-23 10.24-26
r 10.2!
[*. .10.20 10.26 10.19 10.26 10.21
i. .10.27 10.31 10.26 10.30 10.31
h. .10.42 10.43 10.43 10.43 10.*
.10.26 10.27 10.21
.10.10 10J6 10.28 10.32 10.32-33 10.3344
Jnn. .10.35 10.38 10.33 10.17 10.36-37 10.3849
Feb. .10.37 10.37 10.33 10.37 10.3749 10.39-41
Nrh. .10.41 10.43 10.40 10.43 10.42-43 10.4446
Closed steady. '
L, J. ANDERSON d, CO.’S
DAILY COTTON LETTER
New York, June 26.—There was further
liquidation of July at the opening this
morning nnd an effort made to break the
market below 10c. Hot At 10.03 such resist
ance was met that prices quickly rebound-
““ nd July sold 'up to 10.13. The reaction
sided by steady cables from tbe Liver
pool market. Traders ou that aide arc
not Inclined to follow the present decline,
irlcss being regarded ah low enough. In
racr, Liverpool would look with more favor
ipou an advance In the old crop opr
hen otherwise. Snot sales on that
this morning were 16,000 beles at yeeterday’a
prices. There hae been nothtug lu the
newe to cause the present decline, and It
is looked upon ss purely bear manipulation.
The fear of July notice day le han-*—
over the market at present nnd until
Is out of tbe way we cannot look for de
cided support, but prices are now near
euougb the 10c mark to look attractive.
PIEDMONT BROKERAGE CO.’8
DAILY MARKET LETTER
New York. June 28.—Lower quotations
from Liverpool this morning nnd small sales
there, and our market opening lower nnd
under pressure all the morning. As notice
day approaches farther weakness develops,
and It poems there la still a large outstandi
Ing interest In tbe summer months. Notice
E ven by n prominent ball operator that he
is liquidated his line of July cotton, and
reasons given that Insurance rates ore con
siderable higher, and the fact that tbs cot
ton In Nsw York Is of an. undesirable quan
tity. Tbe crop conditions are still perf
and the new crop months are showing „
feet* of thin, and are slowly following tbs
decline In the summer months. From now
on the market will be less under the In
fluence of liquidation and Its level will be
LIVERPOOL COTTON MARKET.
I-I' erpool, June 26.—12:15 p. in.—Spot c
ton dull, with prices unchanged. Middling
tiplnnds. 6.14. Hales 5,000, American 4.500;
speculation and export 600; receipts 10,000, i
American 8,400.
Futures opened easier.
opening
Juno
Jnn* July
July August .....
Aug.-Hep t
Hept.-Oct
Oct.-Nov
Nov.-Dec
I*c.-Jsn
.Jnn.-Feb
Fell -March
1 Closed steady.
Prsvlon
^T* ?sr
6.314.12 6.31 6.86
6.77 6.76 6.134.13
5.6S 6.67 . 6.734.74
6.13 6.634.59 6.64 ^
6.664.63 5.634.64 6.694.60
TODAY’8 PORT RECEIPT8.
The following table show* receipts at the
L »ri* today, compared with the same day
»t year:
Orleans
I'll vex toil
Mobile
Xnvannah
Charleston
Wilmington
New York
Boston
Fhli.-idelghla ....
l’ort Townsend*
►•ti Francisco
Total
S3
INTERIOR MOVEMENT.
ESTIMATED RECEIPTS.
Ortoana auwla 1M to 1,700 halva,
• ««loBt t.aa actual Uat year; (Jalraatoa,
- - |uat *,6117 actual Iaat yaav;
700, agaluat *,N actual
WARE A. LELAND'S
.. DAILY COTTON LETTER
„ N-» York. Juno M.-P»llnwlag tka heavy
u-loMatloa of yeaterday. there waa a very
S**-lr markat duriar the greater part of
tti* .-aat.iti today. Thla uraa due to akort
"">[111, of both u-ur aad old crop, on tk.
'f-«k. and In apltc of the rainfall In tka
•tut. of Texaa. where the prerlpttatloa
•o.tontwl to from 1 to J Incbea. thna.reUar-
the drouth la a great many porflona of
tk" atate. pricaa held vary well and abort,
tr-med move anxlona to get Into cotton than
Jtt «at More. Operation, wara OO a rather
.tt-nrire arale early today, when arlUaf
hoary, bat ou the break Imylng atnrtet
“fl wood lifted the market hack to Iaat
record, ware reached,
weak feature, and the Irregularity dla-
played throughout the Hal abowa there la
aome aupport to variona atoeka. The aentl-
meat la nnlvrraally beariak. There waa
beery and iiintlimooa preaaure agalnat tbe
Hleef abarea. -id tbe effect of tbe dlaeua-
alon of tbe ti 1 qaeatloa haa no donbt bad
soma inltneiieo ou tbeat aharea, alao tba
often tight <tl the Independent ateel eon-
nlgbt'a price*. The tone waa nnearUlb. ow
ing fo fho approaching notice day on Jnly,
lint there waa a general feeling that around
10c the worat had been dlarounttd.
With the ralna In Texaa tho crop la
placed In a vary good poaltlon and general
rrporta are now of a aatUfaetory tailor.
I'nder theae elreomatancea It will be rather
difficult to bring nltont meek of an ad-
ranee In prieee, particularly In thw of tba
drellna In the atoek market and tba eaten-
•Ire liquidation that hat been going on la
July. On nay advance It la mor* than
likely that cotton will bo for aala unlea* w*
hare another bad turn of weather.
New York, /one »-There waa a burnt of
liquidation aoon aftar the opening of the
atoek market this, morning that carried
prieee down In a, tweak. It waa aald to
come from pool, I nan react and Individual
aoureea. There waa no minport except acala
down, and that produced by abort covering.
The opinion waa rxpreaonl during the
count of the aeaeton that the Mjly way the
preaent political altnatlM epnld be recoa-
elled waa through a[liquidating market,
which aeema to be taking place. Owing to
the conflicting nature oflVvarinw, facton.
however, we an of tba opinion that the
eaf.r policy will be to malaUIn a neutral
poeltlon. we would not tell atoeka on
weak apota, but npoa rnlltea. In Imylng,
th* beateouree wool* be to aejeet dividend
nerera returning mere than bt per cent
on the amount of capital Inveated. and we
would buy them only when weak, after
driver. The 'flaanelal alt uat Ion la very un
certain at preaent, and the profeaalonal
element la erldeatly orgnnlied Into a strong
Iimt party. It In aeeeeaary that moderate
nrofltaiahonld lie .ought, and that tho atop-
order should I- emplored to ent abort
naarn i , onaerTatlam will repay thow- who
exerrlae It daring the nmt ten daV*. on
whichever aide of the market they may me
lit to act.
COTTON StlD OIL MARKET.
New York. Jane 36—The market for cot
too seed oil was moderately active and a
nttle - steadler, prices shoirin* s jpsln of He
on aU/ deliveries early. The DrinHpsI In
terest. however, was In Octooef and No
vember. In near-by
Is stlU a.wnltlnc one. With tb* Jib de
livery so cloae at hand there la no dlno-
•Itlou to await the sffrets of the deliveries.
Absence of sews on the crop sufficient to
Influence the cotton mertet appears to be
UTSS
Jt the elone were unchanged to lie higher.
-Ware * Leland.
leptember j
November
December
Closed steedj.
Prices Slumped on Selling and
Bearish Sentiment Became
Widespread.
By Private Leaped Wire. .
New York, June 26—There was no chsnae
In tbe essential features of today's market
from those of tbe previous days. While
operators for the decline were still much
In evidence and considerably a factor lu
depressing prices, there was a steady out
pour of liquidation. Thla soUtna, while not
precipitate** nevertbelsse seemsa-to be lim
ited in volume only by tbe shinty of the
market to take It without a violent break.
The general aspect of the deallujts. the
aame aa yesterday's, waa that of coustautly
snsrlnr quotations all along the line, with
resistance to amount to anything In any
Ing. Smellers. Coppers nnd the small
Industrials, bat the standard shares for tlic
most part were equally weak, testifying to
a searclty of buying orders from really Ira-
B irtnnt sources. In the ease of tbe special-
cs with a narrow market, the pools ss s
it all were taken oily at ,
In the stock market the majority of the
active railroad stocks showed advances at
the opening, extending to H In Southern
Pacific. The Copper stocks were, weak,
Anacouda and Smelting off lfc and Ami
gnmftted H- Delaware nnd Hudson wss
jndnt lower nnd Northern Padflc opened qi
“ /mring the greater part of the first hour
the rnsrket was active and wesk, and ou
the selling prices made further declines,
following yesterday's slump, and the bear
sentiment lieesme widespread.
(Jovernments unchanged. Other bonda ac
tive and lower.
RANGE OF NEW YORK STOCK MARKET
JOpen High Uv. Close
11 «. m..
13 noon ..
1 p. in.,
STOCK SALE8.
486400 shares
ATLANTA MARKETS.
IJme. 7* In It.
I'eachM, per crate, 11 *o II.M.
I-lneapplea 13 to *tW, market at prwent
lime well (locked. „
,io. uuiir. per min
Wtnernielons, 110. M
uiml
»:?^anpcoont B y rgODMca-
ducks, Pekin 30
ninnd good.
f.TItY
hens 25
broilers 15 to
> S6c; puddle in to atrsc.
Dressed hens, per lb., 12c to 13c; dressed
turkeys, per lb.. 16 “
per dosen,
20 to'22Hc; cook-
10c Hm In Mb. racks 10
GIBERT A CLAY
STOCKS. BON0 6
6 ALABAMA ST.
Xrw York Stock Bi^hinge INew
c«v To - *- — sya—
.Naw y e
ATLANTA* OA,
S IS® S » WWWW
Led ,od Long D,mn M rri T?.?p55ra!? "• VAOAH» M.p.fl.c
on*y—New
•Uc.
VEGETABLES.—Iriah poUtoefc No.
•tocli *4 barren No. 2, atoek |3.
Ileeta, cabbage cralea, per crate, II
Tomatoea. per crate, 12 to I2.M.
Iienna. green, per crate. It to tl.S; wag
60 to 7Sc. ■
Sqnaah, yellow, .66 to 7*a.
to |1; maTEet oreratoekril
,SWaRE-
jera, per crato, (0 to Tie, market
well .locked. ^ - -
8 1,1 Irlah polkloea, per hualiel, 11.20.
Id aweet |K)tatoea.J>er bprael, It to IL26;
new aweet potato., 11.76 bnuL . _
Cherriea, .Iquart crate, 11.60 .to It.7*.
S antalonpea. ne- ernte, a to 12.60. ,
larklmrriea lo to :3lie oaarl.
Dewberrlea 10 to lZVwar quart.
FLOUR. GRAIN, PROVISIONS.
FLOt'B.—l-oatela Elegant P: 36; Diamond
K tent Id; fancy patrnt M.10; half patent
10 to I4.S; fancy !2.»- aprlng wheat
patent I6.60(t«. Market atrong. .
CORN -Cnolee red cob 7«c; No. 2 whit,
74c; No. 2 yellow Tie; mixed 72c,
OATH—Choir, white rllpped, 63c; choice
white, toe; choice mixed, Vc; Texaa rant
PI MB’al.—Plain water ground, per huah.l,
■>! bolted 140-lb. Jutefc per bubeiroe.
Shorts, white, SL40; madlnm, ILX; brown,
I LSI; Dure bran. 21.20; mixed' bran, 11.16.
llAr—Timothy, choice large ImIm,JL10;
_a„ choice amall bale, 11.14; da. No. i
timothy I mi lea, 11.06: da, Na 2 11; da, No. 1
clover mixed ll.(C; do.. No. 2 cMMd mixed
^CfJlVEIl.—Choice 90c.
Th, ,bore price* are f. o. h. Atlanta, and
subject to Immediate nccepiance.
GROCERIES.
JPWgfW 4m *3ss&& its
*'corEEJ3.—Boasted' Arhuckle’a »li.«0;
hulk, In lag, or barrel,, !2%c; green I* to
22c. MarketwMk. _
HICE.-C,rollna 4H to 714c, according to
^iTEER^W^fulV^^m dairy, 14c;
SS.'fc. ‘sra S.ra j&iW>SS2
(ELtxrmSL
Drift compound TH. Ited CroM 7 V
STOCKS AND B0ND8.
Bid. Asked.
Amnmi
Aiui-il.nu Loroiaodvs..
<!o prefer ml...,
American Smelting Refilling
do preferred I...,.,
Atchison
do proferrsd..
American Cotton 041...
Baltimore nnd Ohio -
Brooklyn BupM Transit
Causdlan Parlflc
Chicago nnd PfarthwsavUN
Chessp«®ake nnd Ohio
Colorado Find nnd Iron * ••«,
Ceatnt Lenffft-r
do prefsrrod
Chicago and Urent wsstsrn
Chicago, Milwaukee and St. Paul
Delaware nnd Hudson
Dlstlller'a Securities * ...a.......
Kris *
do preferred.
General Klertrlc
Illinois Central,.
American Ice Securities....,
laotilsvllle and NaabvlUe
Mexican Central.,..'.....
Mlsoottri Parlflc...
New York, Ontario and Weateru
National Lead.......
Northern Parlflc.. *
e ork Central; *
k and Waatern...
ivanla *
People's Gas
Pressed Steel Car
do. preferred..'. * «...
Pacific Mall...
Bending
Reputdli* Htccl....,
ltock Inland*
do. preferred..,»**.
United Htntes Itubbar.
do. preferred.* * *
Southern Pacific,.
Southern Hallway
Slo«* Sheffield .....a..!...’. \
Tennessee Coal and Iron
Texaa and I*aclflc...
Union Padflc........
United StatN Steel...-
d<K prrferrvd..,.,;
Vlrglida-Cnmiiiut Chemical
do. preferred..
Western Union
Wabaah
do, preferred..
Wisconsin Central
<lo. preferred.'..*
i
mi
HI
sa
108
;§
7l
163
1
: i . i.v. i :r
142% iiivi
NEW YORK COFFEE MARKET.
New York, June rt*. 1 —Following are opening
nnd closing quotations for coffee for future
delivery today lu .New York:
Opening.
January *i£D.4 .. 676-5S’ <.70%76
February 6.S04.90 6784.H0
March.. 6.90
April.. * 7.00
Xtnj.. .. .. >. J.]L .. 7.00-7.06
June.. .; «* 1 *. J ..
July..
Octolier., ..
November..
December.. ,
6304.40
6404.46
646460
660
7.00-7;
i£,
0.354.40
649460
6604.66
660466
TfPS FLASHED
From Wall Street
Privet. Wlr. to Warn & I,elau,l.
*3iCew York, Jiui* 2A—I.nn,lon grnrrnl mar
ket UepreUMd, bat Amerlcnua fractionally
Foreign exchange haa ,Iodine,1 enough to
Profeaalonal. are directing their onera,-
kma agalnat Induatylala uml looking fo
rulnerabl. atoeka to anil,) but tb. abor
Inter. »t la Inrreariag and a aharp rail;
I. likely to apptor. look for an unaettled
and nrrrou. market accompanied with gau-
eral dectlnea.. but ball.r. a boar mormnant
will aoon 60 railed la a halt np«t(ally lu
tho good atoeka.
Thar, la a bear tip In circulation thla
lornlng on American Rmcltlng. Tb„ nrlro
named la. 140 for the atoek. W. believe
vlgomua l*ar i,rea,nre could attain
.w,' figure, aa a llttl. liquidation I,
ported pending.
Nummary yeaterday'a .lock market by
Iinw J„nea ic Co.: American atoeka In Lon
don dull, mostly a ahad. abor. parity,
London Mtt I extent began today.
Oanaral London annrkot depreaacd.
Railway rat. bill expected to psia m-nato
today.
atoeka to Mil out i
Htoeka of pig Iron era low In PltUhnrg
and producer, era asked to antlclpato ablp-
t«. ■
*10,000,000 treainry^ dvpoatt. Jn
pSM. coffle 'to New
mediately..
mfe==ki g*
u
C. B. of Oeoral. flrat Income..
do. .mood income *0
do. third Incona .
Aagnata ’and Havannah..jl
(leorgta l-aettc lato.
C„ C. and A. tot
Ing prlcea were tower than the pcerkeia
I."? as
o^ing*toV«l Skra ^amehangnl qu£
uttona. Deaalte the breaking of the
!K*.hsZr
dss M rf^ejSLrSrJ;:
WTK that lie genrernment'* weekly
weather report wn. To appear today, and
ss*
that th* review woe Id be Imllah In c&r-
arter and hear, the axpraaar l fear on tbe
part of tbe abort element. However, tbe
expKUtfbn. of tbe trade, filling of ma-
Where oaeb a rtUl laflneace aa the weather
la concerned.
No falling off la demand for Copper to
aecoont for decline In price of copper
•locks.
Twelve Industrial* deeltned J* per cent
Private Wlra to Glhert k Ctoy.
New York. Jane 2*.-Danlel Odell k Co.:
"A moderate rally la likely aay time In tk*
atoek market now on tko large abort In-
tereete, and In view of tba fact that tb*
GOVERNMENT’S WEEKLY
REPORT ON WEATHER.
Private Wire to Qlbwt A flay.
Washington. June 26—Following le ffHwi
ma Hi- k"' • rntiii'iif'a iv-okIv Mf^itlif-r n*i»<>rt:
Alabama (Uoatgomcryi-riear weather
tho week waa cool and latter part was
warm, tho temperaturo averaging about nor
mal, except in northwestern counties, where
M Th- nights Mi-r- t I
W-ll ill h t rltmt-'l Mhiw-ih on
(lays. Tho rainfall waa bolow tho avorngi*
In lb- -itr-iii- -RAt.-iii nml n-rlhw-M-rn
coiiiiM-a nml n-ri.ml i lsi-wli-r- Tin* w—k
closed ahowery. There wee sufficient aun-
wlth hot (lays and - - . _.. -
week. The menu tompernturo nveraged
from 1 3 above the normal Th-
rainfall was ileridedly bolow tho average.
Jaoeui shotvera occurred lit most sections on
the 19th and 21st. ■
unbroken nml conditions aro very serious
In many sections. A general rain la badly
needed. Tho temperaturo was above the
normal and there was about the usual eun-
IshlJM.
■Igitwfppl (Vicksburg)—Msa n tempera
ture ivnh above iiormal. Abundant sUn-
hillin' ami fresh winds dried tho soil rap
idly. Beneficial ahowera occurred In tho
extreme aouth ami In a few localities elae-
where, but rain Is generally needed.
North Carolina dial eight—Tbe forepart of
the week was partly cloudy, with numerous
thunder storms. There woe less cloudiness
iillli f-H-r thunder HtorniH during tb*- btt
ter port. Tho precipitation was below nor
mal and not well distributed. Tho tempers
turn was about normal, hot daya and rela
lively cool nlghta prevailing.
• »k (h ti * Bimt mill 111*11*4 II Terrlfori lb- m-<-k
was clear and dry, with mean teui|>erature
slightly lielow tho normal. Scattered thun
der storms occurred oo the 23d, 34th and
2Stb. The rainfall waa generally below tbe
average In all parts of the section.
> -ni. < m.-lln i <i '..liiinhlm T-iiii*-r«f ur-«
t lmve 90 degrees r*c4?nrr«-il during tbe latter
alf of the week, with widely scattered
« inder storms ami generally light rainfall
a temperature and sunshine were slightly
above normal.
Texas (Galveston)—Tbo week was gener
ally dry nml .wnrm. Hrnttered local anew*
• • - ! thumb r at■ irit■ a wHIt bull iri-d
on several days In eastern counties. The
ralnfsll wss much below the average, ex
cept In a few northern nnd eastern coun
ties. Drouth continues siting the coast and
In maay portions of interior. In tho coast
districts sod In Bio Grande valley there
waa either an entire absence of rsln or no
measurable amount during tho week.
Tennessee <Nnshvllle)-Tho week wss
somewhat cooler than usual. Scattered
showers occurred, hut they wero generally
light nnd portions of tho mlddlo nnd west
ern section* are atlII In need of rain. Home
damaging local storms were reported.^
NOTES ON GRAIN
Pointers on Provisions.
.Private Wire to Glbcrt A Clay.
Chicago, June 31—Wheat opened active
and higher. Cables showing only moderate
response to break here yeaterday and the
northwest showing bad weather again.
Many reports of red rust coming In from
that section, and there are predlctlona of
bod weather there again tomorrow.
Valeqtlue aelllug wheat.
There was a lint of about 1.086600 bushels
lo . n fx wheat liquidated yesterday during
the latter port of tbe aeaebm. Thla un
doubtedly places the msrket In a nit ‘
•ersnger position technically. Unless
have clearing weather throughout *U_
northwest very soon crop killers will begin
to get buoy.
CIlMH Record-Hera Id: Bains Ha turd a y
and Sunday through the southwest effectu*
ally put a stop to sales of wheat mr farmers
the southern portion of these states yester
day. beta Oklahoma and Texas, and pros
pacts of still further delays In marketing,
ibut th- movement from farmers' bands
had previously begun, however, waa amply|
attested by the arriv^mAgMsswa^umJ
wheel, soft winter MMMMi
yesterday. Marketings of wheat In the
northwest have greatly Increased In the
last few days. Commission houses aay
their drafts against shipments have shouti
trebled. Becetntq of oata In.the country
nw. receipts of oata are pr<
dieted for Duluth In the next fnw days.
this morning on tbe Hi
I Lots of talk of red rust in the northwest
this morning, with heavy rains.|
Mil era to buy. Msrket
Provisions strong and higher. Covering
by shorts In bird nnd riba nnd some buying
by packers. Western parkers tonight fanf
Belling, scattered and mostly by local longs.
bullish. Friedman bull-
all pit la buying evsry-
The heavy selling of long wheat near the
elone of ye*trrday mny cause further weak
ness to wheat, but weather conditions are
unfavorable and on any sharp break would
take on aomo wheat.
Chicago inter Ocean: All the targeat of
local bulls were out of their wheat at the
close last night. They sold all the market
would take 41111 ing the day and disposed
of the balance through their hnldlngn of In
demnities. The lot’ii| hull Intercuts were
start and bought more on wet
weather returns In the winter wheat see-
Uoa and red rust reports front Houth Da»
goto, but wero unable to innko n go of
‘ J■ __ _ 1 ‘ _ from the outside.
One of the hull leaders said after the doge
that the market had roeently Iwen strained,
and that there did not appear to he any
MnpMHnMT IP
particular trond to values for the moment.
MARKET IS PROBABLY
VERY HEAVILY SHORT.
hulk of atoeka are concentrated In atrong
.« - ' Will I.--I b- WlAA to follow <1..NA||
too closely these bearish operations, al
though we see no chance for a hull market
at present and would continue In the neutral
• - • *»IMng nu lb- rnlll-A nn-1 p-.r< hn*
log only after drives for turns."
Marshall. Rpadar A Car '"The entire finan
cial situation and speculative seutlment Is
■o completely dominated by Investigations,
and the muck rake spirit that It Is only
aeeeeaary to mention some prominent cor
poration so being under surveillance to
create distract In the .shares. Until this
spirit la worn off public support will be
less effective sod lacking."
ATLANTA NATIONAL BANK
ATLANTA. GA.
C. E. CURRIER. Pretldtnt. A. E. THORNTON, Vlc-Pr*«lfl«nt.
H. T. INMAN, Vlo*-Pr*aldant. GEO. R. DONOVAN, Cuhltr.
JAMES 8. FLOYD, Aaa’t Caahlar.
Capital 1500,000.00
Surplus and Undivided Profits $500,000.00
We Solicit Your Patronage.
Issue July uotleee of delivery ou Friday
to the amount of 48.000 bales, a break In
July In New Orleans on tho eve of notices
thero tomorrow nnd heavy and general II-
<1 til <1n 11 «*i i inti*...| |n\i -i prl<*A M**r«-*.\-r.
though the official reports made Texas still
dry nnd hot nnd tio rain was predicted for
the southern part of the state, where It la
most needed, private dispatches osscrteii
that rain fell In various parts of that state.
Including Houston. In the southern section,
1h4-y hn*l it i -rtnln i-fT—f «*n tb*- market.
bowover, wss tlie most disturbing
r Mr. Vrirn ninwir* tn hn tp bought
thnt month, some thought to cover short,
and to have enld October at the current
dlffereneo of 15 points. Not a few bought
AT THE OPENING
GABLES WERE BETTER AND
RECEIPTS WERE LIGHT.
Damage Reports From the South
west Also Had Stimulating
Effect.
nr I'rlratf, LmaM Wit*.
Chicago, Juno 2*.—Coorao grain*
war* * big help to uhent. They k*;,t
that ccrcgl from aclllng off when It
wm unitor th* grratrat prpxaurn. Th*
gnnrral ballaf la that tho rcn-lpts of
mm and oaita ara to fall off, and thnt
In cas* of good rash denmnd, pr|, ea
ara rrrtaln to do b.tt.r. Closing prl, <•«
showed corn T-*01 l-4c higher; oata
were *-IO?-lc better, and wheat up
!-S®S-lc. and provtolona I0rq30c bet
tor.
Cash oalca her* n-ero 106 040 hu.h-
•la wheat, 100,000 corn and 100.00U
its.
The world's visible supply of wheat
decreased 2,4*8,000; oata decreased 1.-
110,000, while corn Increased 1,141,000
for the week.
■ Primary wheat' receipts 1:4.000
and corn 1,111,000, agalnat 2s:.oou
and 1,021,000, respectively, n year ng<,
Clearances for the dae were 89,300
whrat, *,*77 corn and 400 oats.
CHICAGO GRAIN MARKET,
The Chicago grain
Iowa today:
Open. High.
WI1EAT-
iiv • s'* sa 3
*%rn- m '‘ - *
fcJ B-S
I-OI1K—
July. .17.00 17.20
d*.«2Vi 14.to
market ranged
Low. CIom< Clo
m-m m m
-IIH5B-
fc ^
. .. 3.96 9.97 * 8.96
8.97H
9.324
Whsal
Cera ..4
oats ...
Hogs ..
NORTHWEST CAR8.
CHICAGO CAR LOT8.
Today. Toi
dS
LIVERPOOL GRAIN MARKET.
havs aoma rffi _ „
danl more than It naually doca If It would
comm out flat footed and aay something.
Tomorrow «mdf Jnly notkr# In Now Or
leans nnd on Friday hero. M-nntlm-. It
Is a 4 nervoti* market and probably very
heavily short."
new rrep longs to rralet attack a
developed * rather forlorn hope in the
ramp «*f the old crop bolls who nave coma
to bellsva not a little danger lurks In the
MwtffM tonasr
fRgg*Ml end of (be
point..
hardly have been really eertoua. (in tbo
other hand, too much rain aod not enough
labor are reporte*! to be fast putting tho
Houth Carolina -ran in the grnat. the ex
ploitation of whlrfi raay not ho without
effect III rharking the tendenry to dis
count Improved conditions In Texas ooce
the weather Inirrau shall have reported
good rains over tbe sou them sect Ion of
that state. Meanwhile the rings are be
ginning to approach an attractive buying
* ‘ the reaaon that moat men now
• sell the stuff. —Ware A Leland.
Wheat opened 44 lower; 1:39 p. in.,
*1 lower; clnaed- h In ' 4 lower. *
Corn opened *4 lower; 1:30 p.tn., H tc
higher; closed H to % higher.
THE DRY GOODS MARKET.
flr Vtirntr H’/r-
New York. June 26—The dry g*»4M|* n
ket totiny ahowe<I mor** movement fr
IW *«t It.iifU *>f pilnin uu>1 •Ii*iii-hM-h nil*
confident tone on the part of merrhni
New price levels are now hellove*! t«» In
reached the low point for the year. *
Jobbing house mid year unlea will bo
RHgnrnied today.
SOUTHERN EXCHANGE
Oldest Kstnbllnhed Office South. *
COTTON STOCKS BONOS Mill
Ground Floor Gould Building. I)allv
market letter and market manual
mailed on application.
LJ. ANDERSON A CO
Bankers and Brokers,
COTTON. STOCKS. GRAIN
Comspondint’s CipHil $250,000
RffPISKNCf, THE NEAL BANK
PHONE MIT. mUDENTIAL BLOG
HUBBARD BROS SCO.,,Kit
Atlanta Offlcca, 219-221 Century Building.
Members New York Cotton Exchange, New Or
leans Cotton Exchange, Liverpool Cotton Asso
ciation, Chicago Board of Trade, New York Cof
fee Exchange, New York Produce Exchange.
Business solicited for the above exchangee.
Direct wire service. Correspondence invited.
Phones 454* Long Distance 39. A.S. Huttace. Mgr.
MADD0X-RUCKER BANKING CO.
CAPITAL
SURPLUS AND PROFITS
account* invitco
$200,000.00
$500,000.06
Wo invite accounts of individual*, corporations, banks
and bankers and offer the best terms consistent with
conservative bonking.
In our Having* Department w« allow Interest at ths Rate of 3 1-2 per
cent* Compounded Semi-Annually.
fork. Ntw Orlttm.
WARE A LELAND
COTTON, GRAIN, PROVISIONS, STOCKS, BONDS,
I*. 2 Will it., fatara I.Anni,. Ci.
Iff M.f 25:
flaw fail Cahaa firlaafr. tjnti ,1 Ttili.
flaw Otlttit Catlaa lithtif. Cluyt
till fftflff* 1H2.
i (Khifi.
"'“HU, Null
stk *Ut4l
PIEDMONT BROKERAGE CO.,
(Ineorporated.) Baasment Floor Piedmont Hotel.
STOCKS. BONDS. GRAIN. PSOVISIONS. INVESTMENTS,
Fast Wlra Service from New York, Nsw Orleans, Chicago.
COSaCSPONOKNTS
M. J. SACK A CO. AZ BROADWAY, NEW YOSK
tOW. MOTZl. N«*i}*f L*»! l09t Dl!»••<* fWf n*H 1301.