Newspaper Page Text
JOSEPH B. LIVELY
THE GEORGIAN’S RECORD OF MARKETS AND FINANCE
Mr. Lively'* 7. .▼♦•nr*' rxperlenr*
it editing market* In Atlanta nnd
the South has made him n re«--
ogulxed uuthurlty In his specialty.’
AT LAST
HEAVY BAINS FELL IN TEX
AS LAST NIGHT.
They Were Beneficial, Though
Were Little Effective—Slight
Decline Shown.
Thf drouth In tho trcitrrn cotton belt
«i. I.roken joitordnjr.
All iwtlooe of Texas had mine—not show-
eri. I>ut heavy mini, ns nuu-h ns 4.33 Inches
twin* reported nt Toylor, Tex.
The New York market opened (enertlly
weak, more «s « result of July liquidation
thin to the reins In Texes. The July op
tion sold Otr to 10.03 In the early trading,
hut on henry buying to corner quickly sold
Mrk to 10.13, losing most of the advance by
erf tihore yesterday 1 * rfoslog. rfelmprom.
ment was short-lived, however, and near
the noon hour declines were shown as com
pared with the previous close.
After a spurt of activity at the opening
the market relapsed Into dullness.
The government weekly report was boll-
■I hut It did cover the reins In Tsxss
hales within thirty dsys.
By Prlvste Lessed Wire.
New York, June J*.—In the cotton market
business at the opening woe active and
count of Interests In tho South who
- supposed to bo very largely short. This
rrntually rallied the Hat about 3 points
8POT con ON MARKET.
Atlanta—Quiet. 10Hc,
New York—quiet nnd steady, 10.30.
Now Orleans—Kasy, 1015-29.
1.1 vorjMKd—SAendy, 6.14.1.
Augusta—Quiet, lltle.
St. I.mils—Quiet, 1074c.
NEW'S AND GOSSIP
Of tho Fleecy Staple.
Private wire to Gibert & Clay.
m N *w« Y * rk ,' June »■-Liverpool at 12JO p.
m ' 1 ,oww o« this crop and 64 on
next. Expected to be 7 lower on this and
4 on next crop.
Price Iasaes a circular making the eondl
Uon 74 per cent, against 77.4 laat month.
ftalnlng all over south Texaa.
Norden bidding 1(»0 for 5,000 July,
New Orleans, Juna' X—Liverpool 6 down
on near and 6 down on distant months Is
potter then due on the former and worse
than expected on the latter positions. On
our market It should have ueen about 8
crop 1 * l0Wef 00 J “ X tn(1 4 Iower 00 new
*• *ra«rally for unset
tled weather, with showers and thunder
storms In Louisiana and Arkansas nnd
showers today and tomorrow In southeast
Southwest Texas fair and warmer
a . nd I,* 1 * 110 ® °f district partly to Increasing
cloudiness.
i afternoon; very
Map shows excellent and general rains
all over the belt and the drouth In all sec*
tlons U broken. In some parts of Texas,
notablv the Southern, the precipitation Is
very netty. 4.22 inches having fallen at
Taylor. The weather la cloudy and tern-
peraturet are lower.
Private Wire to Ware A Leland.
nets especially not
also weak on bearish weather map. The
only buying la from shorts, which la not
enough to sustain prices. Market acta
heavy and think It a sale on any advance.
Schtll bidding 10.12 for 6,000 July.
A little rally here, doe to local short <
ring and a little buying by comralsi
houses. Seems to be lot of July for a
which la tendered to check further
vance.
L. J. ANDERSON & CO/S
DAILY COTTON LETTER
New York, June 28.—There was further
quidatlon of July at the opening thli
.turning' and nn effort made to break the
market below 10c. But at 10.02 such resist
ed and July sold up riw>
was aided by steady cables from the Liver
pool market Traders on that aide are
RANGE IN NEW ORLEANS COTTON
The following Is the range In cotton
futures In New Orleous today: «
I*o st Previous
Open. High. Lore. Hale. Close. Close.
June 10.60 10.51
July .10.56 10.87 10.62 10.66 10.6647 10.6244
Aug. .10.46 10/50 10.44 10.60 10.4940 10.44-47
Sept ..... 10.2246 11.3446
Oct. .10.19 10.21 10.16 10.22 10.21-22 10.21-22
Nov 10.22-24 10.22-26
Pec. .10.20 10.26 10.19 10.98 10.25-26 10.25-26
Jaii. .10.27 1041 10.26 10.90 10.3143 10.3243
Mch. .10.43 10.43 10.43 JO.41 10.44-46 10.44-46
Closed steady.
RANGE IN NEW YORK COTTON.
Th* following Is the range In cotton
futures In Now York today:
I-n.t Frevlons
Open. High. Low. Sale. Close. Close.
June. ...r. 10.11-14 10.10-13
July. .I0.IW 10.14 10.03 10.14 10.13-14 10.11-12
Aug. .10.10 10.35 10.15 10.23 10.33-24 10.19-20
kept .10.20 10.22 10.19 10.22 10.21-23 10.24-K
(let. .10.24 10.23 10.21 10.2* 10J6-26 10.2S-27
Sot. .10.* 19.27 10.* 10.* 10.27-29 10.23-29
I TV. .10.30 10.it 19.33 10.32 10.32-33 10.3344
Jan. .10.35 10.31 10.33 10.37 10.24-37 10.,-“
Feh. .10.17 10.« 10.38 10.37 10.27-30 10.
Heh. .10.41 10.42 10.40 10.U 10.42-43 10.
Closed steady.
LIVERPOOL COTTON MARKET.
Liverpool, Juno 26.-12:15 p. iu.—Snot vnt
ten itiifi, with prlvea unehnnged. Middling
nplnmla, 9.14. Holes 6,000. American 4,600;
•peeulntlon nnil export 600; receipts 10,000,
American 8,400.
Futures opened easier.
opening Frevloni
Itance. Close. Close.
June 6.826.86 6.66 §.r
6.114.33 LSI Li
6.77 C73
6.48 L47
L63 6.6*4 ...
6.864.13 6434.64 6494.90
6.164.63 L62-L63 6494.69
iO.3949
'o!«46
July-Augnit ....
Aug.-Kept.
Kept.-Oct. ......
<M Nov
N«v.-l»cc
Itec.-Jan
Jsn.-I’tb
Vah..March ....
Hosed steady.
6.82-6.61
6.67 5.73-6.74
6.664L59 6.64
IfitS fi.6J-5.44 5.694.90
L644.66 5.00441
462463
MSS
TODAY’S PORT RECEIPT8.
The following table shows receipts at tha
ports today, compared with the same day
I«»t year:
Rw Orleans....;
Lnlveston
Mobile
Pa varnish
< hnrlcftton
Wilmington
rminaeiphla ...
I'pnwirofa ..
Fort Townsend
!• mnclaco
Total
INTERIOR MOVEMENT.
* inclntiatl
2799
3181
tu
£
an
not Inclined to follow the preeent decline,
•rices being regarded aa low enough. In
'act, Liverpool wonhl look with more favor
la looked upon aa purely
The fear of JuJy^ notlce day J* Imuglug
over the market at present nnd until
Is out of the way we cannot look for de
cided support, but prices —
enough the 10c
are now near
i 10c mark to look attractive. |
PIEDMONT BROKERAGE CO/8
DAILY MARKET LETTER
Neyv York, June 26.—Lower quotations
from Llverp<afcg|tiMaAHmMtaiMl|M|H
there, nnd dlPMIIIIPRpilIRMlWIREIV
under preaaure all the morning. As notice
day approaches, farther weakness develops,
and It seems there la still a large outstand
ing interest in the summer months. Notice
given by a prominent bull operator that ho
baa liquidated his line of July cotton, and
reasons given that Insurance rates are con
siderable higher, nnd the fact that tho cot-
I ton In New York Is of ah undesirable quan
tity. The crop conditions are atill perfect,
and the new crop months are showing ef
fect* of this, and are slowly following the
decline In the summer ihonths. From now
on the market will be leas under the In
fluence of liquidation and Its level will be
I reached.
nHtocka—Stocks continued on their down-
ard course this morning nnd new low
Kcords were reached. Bending was the
weak feature, and tho Irregularity dis
played througnout the list shows tlioro Is
some support to various stocks. The acntl-
Intent la universally bearish. There was
heavy and nuitlnuons pressure against the
Hteei share*. •»•! the effect of tno discus
sion of the t. 1 .T question has no doubt had
some Influence on these shares, also the
open fight of the. Independent steel con-
ceres In rutting price and antagonising the
steel troat. Stocks are down from 6 to 10
points In the past week, and a rally should
occur and we l»elleve purchases mada now
will show good profits.
E8TIMATED RECEIPT8.
1.&* .
Hnunn
ye«r.
- <mrau rxprcii
i«t 4,843 actual last year:. Galvvaton,
'» 1,60). agalnat 6407 actual tart year:
">n. M6 to 700, against 4*3 actual
WARE A. LELAND’8
.. DAILY COTTON LETTER
„ Yark. June JL-Followl.c the heavy
ll'iuMauou of yesterday, there was a very
B"a.|y martot .luring the greater Part of
'"c -radon Today, ftls was due to abort
levering of both new nnd otd crop; on the
Weak, and In nplte of the rainfall In the
•tat. of Texan, where the prwtlplt.tton
•mounted to from 1 to 3 Iwhen. than relltv;
5* the drouth la n great many portions of
!*"■ Mate, prices held very well and aborts
i^ned won anxious to gat Into cotton than
jut not wore, operations wecnMi a rather
ratenalr, Kale early today, when aelllux
*5 henry, bat on the break buying started
— llfte-t tile market lack to la.t
night’s prices. The tone was uncertain, ow-
lug IO tbs approaching notice day on July,
but there waa a general feeling that around
10c the worst bad been discounted.
With the rains In Texas the crop la
plnced In n very good position and general
reports are now of n natlafnctnry tenor.
ITndtr these clrcumntnncen ft will bo rather
difficult to bring .bout much of an nd-
vnnee In prices, particularly In view of the
decllna In the atSek market and tha extau-
•Ive liquidation that hat been going on In
July. On any advanco It la mora than
likely that cotton will ba for aala nnlcaa wa
have another bad turnof waather.
New York, Jane 24—Thera was a bunt of
liquidation soon aftor the opening of the
stock market this morning that carried,
prices down In a break. It was jam to
come from pool, Inauranca and Indtridual
aonreea. There waa no aqpport except wale
down, *nd that prodaeod by abort waring.
Tho opinion waa exnraaawl during the
course of the aearion that tha only way tha
present political situation could ba racon-
cllcd waa through a HqnljUtlng market,
which acema to be taking plan. Owing to
tho conflicting nature of the various farters,
however, we are of tho opinion that the
safer poller will be to maintain a Mutrtl
position. Wo would not sell atocka on
'weak spots, but upon rallies. In buying,
the beateoome would bo to oelnt dividend
payers returning mora than 4H.P-FMJ*
on tho amount of rapltnl invested, and wo
would boy them only when weak, after
driven. The Unsocial situation !• ten m-
certain nt present, nnd tho Mofeamsnnl
element In evidently organised Into nntrwg
hear party. It In necessary that moderate
pSfltsVbould tw nought, and that the atop-
firdtr should ha • employed to cot aaort
IWervatUm^wfll repay thoaa who
exerctso It during the next ten dayn, on
whichever aide of the market they may aeo
lit to act. . >
COTTON SEED OIL MARKET.
New York. June A—The market for cot
ton need oil wan moderately active and a
Uttle steadier, prices showing a gain of Qc
SA“ however^ ffi.
KtoaV^r i&
Ahsanca of new* on tha vrop sufflrlant to
InfloSS* tba aottan matkst appears to b#
nsi u .r a «w ssr&a/t «;•
Itrae rirae wrto unchanged to «c higher.
-Wan 4k Leland.
September
Cloned steady.
PRICE OF STACKS
OPENED. HIGHER
MARKET WEAK GREATER
PART OF FIRST HOUR.
Prices Slumped on Selling and
Bearish Sentiment Became
Widespread.
Bv Private Leased Wire.
New York, June 26.—There was no change
In the esHentlal features of today's market
from those of the previous days. While
operators for tho decline were still much
lu erldence and considerably a factor lu
depressing prices, there was a steady out
pour of liquidation. This selllnjr, while not
« tate. nevertheless seemed to be lira-
■ •ill' 1 ' l lit* iiMlll \ .'f t It*
market to take It without a violent break.
The general aspect of the dealings, the
same aa yesterday's, was that of constantly
sagging quotations nil along the line, with
no resistance to amount to anything In any
direction. . _ .
No one group of stocks suffered more than
the rest. Tho lasses were amsC severe aat>
urslly In the highly speculative Issues, like
Beading. Smelters, Coppers and the small
- ' ■ ImN. I>nt thf HlMiKliti-l slinr- s for th”
most port were equally weak, testifying to
a scarcity of buying orders from really 1m
mrtnnt sources. In the case of the spccli *
_les with n nnrrow market, the pools as
rule seemed to bo standing aside and let
ting mntters take their course nud what
!■ v o(Tf r I tuts of t llfHf KtO.’liH W.Tf
at all were token only nt wide concessions.
!• 'h” stork mnrkft thf m.ijorli\ of t he
active railroad stocks showed advance* at
the opening, extending to H In Southerji
i , 1 ill, . The l •ol-l’.T Sto.-ku U ,Tf )V • !lh.
Anaconda nnd Smelting off lU^ind Amal-
gnraatetl *i- Delaware nnd Hudson was -
the market was active and weak, and on
the selling prices made further deep
following yesterday's slump, and the
sentlmeut became widespread.
Governments unchanged. Other bonds ac
tive and lowar.
RANGE OF NEW YORK STOCK MARKET]
Amalgamated Copper
Atlantic Cnest I.lne
American Sugar Bcflnlng
Aimoomln
American Locomotive
do preferred
American Smelting Befitting
do preferred
Atchison
do preferred
American Cotton Oil i9t»*t»**»
•'-••'more ar"*
Hyn Bn
Han l»i
Chicago nml Northwestern
Chesapeake nml Ohio...
Colorado Find nud Iron
Central Leather...
do preferred.
11 a. hi..
12 noon..
1 p. m..
2_n. m..
’rttal ..
-8TOCK SALEa
.* •.. .. .. .. ’486,400 shares
.. 721.500 shares
.. .. 847.700 shares
.. 982,000 share#
1,171,600 shares
ATLANTA MARKETS.
FRUIT8 AND PRODUCE.
Officially corrected by Atlanta Fruit and
Product* exchange.
Lemons 65 to $5.60.
Limes 75 to 61-
Peaches, per crate. II to $1-60.
Pineapples S3 to (160, market at present
time well stocked.
Bananas, straights, »►■»•■ bunch fl.CO to
$1.75. Culls, per bnnoti. Si to 11.25.
Wtaermelons, 110.00 to 120.00 per 100; de
mand good.
POULTRY AND COUNTRY PBODUCB.-
Llve bens 35 to 37H < 'i fries 224 to 25c;
Ol BERT & CLAY
11 1 ALABAMA ST.
STOCKS. SONDS.
COTTON. CHAIN.
corvee, pkovisions
ATLANTA. OA,
Irak s*ock rxriMntsJSrw WS* <W*
?•» York Cotton Exchxne-.-N-w <)ri**n« S>«-k Ei'- .f l
•«w York Coffee Kxchtuxr I Now (Jrte.n, DoarJ of Trad* •
Cotton Kxeh.nxr ICWrafO Board of Trade
j Wire, to .11 Exehxn^ra.
Led and Lons Dlrt.nc. T.Iiphon. 5299.
W. R, FAGAN, Man.nir.
I'- a * t if a *svi
__ _ Live ducks. Pekin 30
to 85c; puddle 26 to 27Hc.
Dressed hens,-per lb., 12c to 13c; dressed
turkeys, per lb.. 16 to 19c.
F.ggs. per doseo. 174 to ISc.
Butter, table, por IhJ SO to 22V&c; cook
ie, per lb., 13to 16c. "
Honey—New Mi 10c lb.; Iq 1-lb. racks 10
fi VKOETAl)LE8.-Irlih potatora. No. 1
stock 94 barrel; No. 2. stock |3.
Beets, cabbage crates, per crate, 93 to
97.60.
Tomatoes, per crate, 92 to 91W.
Beans, green, per crate, |l to 9L2S; wax
60 to 7oc.
Bguaab, yellow, 60 to 76c,
to 91: market overstocked
Torn, new, 16 to 20c per docen.
Okra, per crate, 91.60 to 92.
Cucumbers, per crate, 60 to 76c, market
__ 2fW* Quart.
Dewberries 10 to 12H«? quart.
FLOUR* GRAIN, PROVISIONS.
FLOl’R.—Pont els Klegnnt 96*36; Diamond
patent 96; fancy patent 95.l0r half patent
94.10 to 94.36; fancy 93.90; spring wheat
patent tS.6006. Market strong.
1 COHN.—CholFe red cob 76c; No. 2 white
“1c; No. 2 yellow 73c; mlaad 73c,
OATS—Choice white clipped, 62c; choice
bite, 10c; choice mixed, 49c; Texae ruat
roof, 60c.
MEAL.—Plain water ground, per bushel,
73c? bolted 140-lb. Jutes, per bushel, 69c.
Shorts, white, 91-40: medium, 9l.»; brown,
r.JP: pare hrnn, |L|9,* mixed bno,
IlA\.—Timothy, choice largo l.sles, 91.10:
do., choice small bales 91.14; da. No. 1
timothy bales, 9L06; do., No. 2 91; da, No. ]
clover mixed 91.06; do., No. 2 closed mixed
CLOVER —Choice 90c.
Tho above prlr*-a nro f. o. b. Atlanta, and
subject to immediate acceptance.
GROCERIES.
SUGAR.-Standard granulated 6c. New
York Refined 4V6 to 4H; plantations 414 t®
4, fe»% l il-BoS?5I r ‘ Arbuckl.’. 115.89;
balk. In ban or b*ml«, 12%c; pm 10 to
12<-. M.rk.f m*k-
lUCK.-i'arnllua 4H to 7Hr, iccordlnf to
*ci , |EBBK-Kfr ilnlrr, 14c;
twin*. IMLc: brick, 14c. Market «trang.
PnOVIHlONH.-rSupreim- li.m. 14V. Iiovc
bam. 16c, California tun. 1 .'v: H. -l Crora
hanuu 16c. Itr, nit extra nh. 9.76; t. lll.-u
9)5 lb,. 10.10; fat back, f'i: plot., *t*c.
Hunrcmii laM 19. M Cron toe. Snow
Drift compound 754. ltcd Cron 784-
MV.n..b 5.^190*;-;;;;;;;;;;;;;;;; JW
1911.. A 106
Chicago and Great Western
Chicago, Milwaukee and Ht. Paul
Delaware and Hudson.
Distiller’# Securities
do preferr^!.T.!!!!!X!!!!l!.’!!!!!. , !!!!*.!i;! !
General Electric
Illinois Central...;
American Ice Securities.
Louisville and Nashville
Mexican Central......
Missouri Pnclflc
New York, Ontario and Western
Notional Lead
Northern Pacific •••*••
landing
Republic Steel
Rock Island
da preferred
Unlterl States Rubber
do. preferred......
Southern Pacific
Southern Railway
do. preferred
Sloss-Sheffiebl
Tennessee Coal and Iron
Texas and Pacific..
1’nlon Pacific
United States Steel
do. preferred...
Vlrglnla-Cnrollna Chemical
do. preferred.
Western Union
Wabash
do. preferred..
Wisconsin Central
do. preferred
WV 9i\i\ 96V 994
1M I 136 , ■ ■
131 MI , 1£>4 1304 1394 1304
2224 245 | ZZS 245 2144
1«;4V 1404 1424
30% 30% 30%
nn ns ii7
76%' 77% 75*
1604 1&»4
JW4 m
Hi 4 I’i4
177 174
217 215%
5*4
.•.t* i*a>n Dn*e
M $ 85
K1 163 I 163 1624
1764: 1764 176
604; 61 69%
143 i 104 141 yf
21% 2lK\
128"
-<4
•^SJ ?j4 ?4%
ttfk,
w% *t%
1304 is
1194
1464 140%
115 ; 115 11&4
R»y s.»% gs4
77% 77}C
It'jlU. i.-1 *.
68 j 57%
484 4S%
36% 37
1014
» 7
136%
1304 l:
714
163 163
1764 1764
604 60%
1484 1424
21% 21%
96%! i»4%
2$I
i.«4
... _ — „
R9%t 90% 9*)% M*
474 47 474 474 47
.....J Tj 964,'
iis^f iM'
35%
99% I _
72 70ft
1534 152
314* 3'%
1464 1414
3641 36%
464
S3
W4 ( hn%
I634 ir^%
114' 31*^
146% I46t
36% 86V
1034 1 '3*.
36%' 364
.„.T| 109
92 MJl
1»4 19%
46 464
24 244
464 47
8*
NEW YORK COFFEE MARKET.
New York, June 26.—Following are opening
and closing quotations for coffee for future
delivery today lu New York:
OpepUif.'
Rani
January..
February.*
March.. ..
April
May.. .. .
June.. ,,
July
October..
November
December
Closed steady.
6.80-6.90
6.90
7.00
7.00-7.06
6.20
6.96
6.30-6,40
6.40-6.46
6.46-6.60
6.60
6.66-6.70
6.78-6.90
6.95- 6.90
6.96- 7.00
7.00-7.06
6J6-6.40
6.46-6.60
6.50-6.65
TIPS FLASHED
From Wall Street
kot depressed, but Americana fractionally
P.
Foreign exchange has declined enough to
_jggest gold Imports, still there are signs
of money Hurries, ns preparations are being
made for July 1 interest and dividend dis
bursements. *
Professionals arc directing their opera-
fie stocks to sell, bnt the "abort
t la
» appear. I
a market accompanied with gen
sharp rally
Macon 1910,
Atlanta,
AtUntx Wrat Print Drill,. 107
C. II. of Orarif. flirt fncotn.
do. recond Inrotue 90
oSSrrin*"! Incora. Jl
Anxuatx' i’luV H.v.nn". bI 117
8o.th»Mtmi., U6
(irarcl. I-x-lflo lata U9
a 1
DAILY COTTON LETTER.
i, june 26.—In Liverpool op
tions were not up to expectations and rtoe-
OIBERT <1 CLAY’S
Srw Ori'ranl
..on, w.ra not . — ,—
Ins prtra. trara lirer.r th.n tb, prariaa.
flax’i lerri. bj * print.. The meral trad,
hu llkmlra fallen off I. . dlMppri.tlnx
durmt. Mile.. «t moot rntte. toley only
amounting to I.DOO hate* at nrabnunl qw>-
Urion. Draplle tit breaking *f lb-
drought In all neetlenn of the frelt, where
eo-h randlttonn bn»epr.Mlled. market
pri—e hare Imen exemdlnffty weU m«ln-
blued throu*h the medium ol romnnretlre-
ly Aee.y cor eri ne on the pert of .hurl.
The feet thet the xereruaent'e weekly
weather report wee to appear today, and
urine to K rilrara. tjm^tloae aader
which the crop bad been laboring previous
to tbc advent of ibe present change la the
- - ** * wltmUly thooght
ho boil Ufa In char
acter a ad hence the espreaaed fear on the
part of the short dement. However, the
expectation* of the trade, falling .of ma
terial faUMlou*. offerings becanvs fraer.
and netted a further decline. .The pros
pects tor an excellent crap nt the present
time mnef be admitted, bat the market
defends so entirely upon neather that In
spite of the most deefr-l rcaMsntloa*. the
utmost eooserTatlem pfrraU*. ns the trade
knows full well the dangers that lurk
where surh a vital Influence aa the weather
is concerned.
Interest „ ___ _
la likely to appear. Look for an unsettled
and nervous market accompanied with gen
eral declines, but believe a bear movement
will soon be called to a halt especially in
the good stocks.
Thers la a bear tip In circulation this
morning on American Smelting. Tho nrlro
named IB 140 for the stock. We believe
very vigorous bear pressure could attain
that figure, as a little liquidation la
ported pending;
Summary yesterday’s stock market by
Dow Jones A <;a: American stocks In Lou
don dull, mostly a shade above parity.
Ldndon settlement began today.
General London market depressed.
Expected 610,000.000 treasury deposits In
No falling off In demand for Copper to
account for decline In price of copper
stocks.
Twelve industrials declined .83 per cent
Private Wire to Olbert k Cl ay.
New York. Jnne 26.—Daniel 0<
A moderate rally la likely any time In
GOVERNMENT’S WEEKLY
REPORT ON WEATHER,
Private Wlro to (llbert A Clay.
Washington, Juno 2d—Following Is given
as tho government's weekly weather report:
Ahmaw < Montgomery»—Clear weather
and high temperatures prevailed, with no
precipitation worthy of mention, oxeept
copious to moderately heavy rains in a few
southeastern counties.
Arkansas (Little Rock)—Tho forepart of
the week was cool and latter pnrL was
warm, tho temperature averaging about nor
mal, except in northwostern counties, where
It was below. The nights were too cool.
Well-distributed showers occurred on three
days. Tho rainfall was below the average
In the extreme enstoru nn«l northwestern
counties and normal elsewhere The week
closed showery. There was sufficient sun
stilus.
rrla (Atlantal—The weatl__.
* most of the
the 19th and 21 at
Louisiana (New Orleans)-
showers occurred, hut droath Is general.,
unbroken and conditions are very serious
In many sect!— * “
needed. The ^
normal and there waa About the uaual sun
shine.
Mississippi (Vicksburg)—Mean tempera
turo was above norms). Abundant aun
shim* end fresh winds dried the soil rap
‘ '
girt — - —- a- — a—s—
where, bnt rein Is generally needed.
North Carolina (nalelgh)—The forepart of
tho week was partly cloudy, with numerous
thunder storms Tnore waa less cloudiness
mIUi fewer fhumb-r storms during tho 1st
tor part. Tho precipitation was below nor
mal and not well dlatrlhtued. Thu tempera
turn wns about normal, hot days and rela
lively cool nights nrevnlllni
Oklahoma and Indian Terr
was clear and dry, with mean temperature
slightly below tin. not inn! Hcatterod thun
der storms occurred on tlm jod, 24th nnd
25th. The rainfall was generally below tho
nv*-nig*- In all putts of th«* action.
Booth Carolina (Columbia)—Temperatures
above 90 degrees occurred during (06 Inltor
nnlf of the week, with widely scattered
thunder storms and generally light rainfall.
The temperature anil sunshine were slightly
avert normal.
Texas (Galveston)—The week was gener-
"iiy dry and warm. Hrnttered l<>< hI show
ers and thunder storms with hall occurred
on several days in-osstsrn counties. The
rainfall was much below the average, ox
cept In n few noryiern and aaftorn coun
ties. Drouth continues along the coast and
(n many portions of Interior. In ths roast
districts and in 1il«i (Irnnda valley thers
wa* either an entire absence of rain or no
m<-asurnblo amount during tho Week.
Tennessee (Nashville)—The woek waa
somewhat cooler thnn usual. Hesttered
■L Action * are atill In need of rati. I
damaging local storms wore reported.
bulk of stocks are concentrated In strong
hands It will not be wise to follow dowu
too closely these bearish operations, al
though we see no chsnre for a hull markot
Marshall, fipsd«r A Co.: 'The entire finan
cial sltustlnii and speculative sentiment la
so completely dominated by Investigations,
and the muck rtks spirit that It la only
necessary to mention serno prominent cor
poration as being under surrelllsnce to
create distrust In the shares. Until this
spirit is worn off public support will bo
less effective and lacking."
ATLANTA NATIONAL BANK
ATLANTA, OA.
C. E. CURRIER. Pc.lfl.nL A. E. THORNTON, Vle.-PrMl9.nt.
H. T. INMAN, Vlo.-PrMtd.nt. QEO. R. DONOVAN, C.ihl.r,
JAMES 8. FLOYD, Ah’! C.ihl.r.
Capital $560,000.00
Surplus and Undivided Profits 6500,000.00
We Solicit Your Patronage.
NOTES ON GRAIN
Pointer* on Provision*.
AT THE OPENING
Private Wire to (llbert & Clay.
Chicago, Jane 36.—Wheat opened active
and higher. Cables showing only moderate
response to break here yesterday ami tho
northwest showing hnd weather again.
Many reports of red rust coming In from
that suction, and there are predictions of
m i VNtlsf than again tomorrow.
Valentino soiling wheat.
There wa# a line of about 1,630,000 bin
of long wheat liquidated yesterday during
the latter part of tho sesalou. This un
doubtedly place* the market In a much
stronger p<is!tlon technically. Unless we
hare clearing weather throughout ths
northwest very soon crop killers will begin
to get basy.
ally pnt a atop to sales of wheat by farmers
at country stations through Ohlanonm and
northern IVin* nud ib-l.n.-«! Ilur.'ili.; . .
••rail* through tl..- .--i.-ni -
wheat states. Then were more rains In
the southern portion of these states yeater-L
day, both Oklahoma nnd Texaa, aud pros
pects of still further delays In mai* '*
That the movement from farmer*’^ I
had previously begun, however, waa amply
attested by tho arrival of ten ears of new
wheat, soft winter sorts, at Kansas City
yesterday. Marketings of wheat. In the
faortbwost have greatly incr» in the
last few days. Commission house* say
their drafts against shipments have about
trebled lb<el|.t>< ..f .-nit li, tin- i-.mnln
are also exceptionally hoary for this time
of year. I*orge receipts of oats ore pre
dicted for Duluth In the next few days, pa
Trieste Wire to Ware & Lelnnd.
There Is some buying by the local talent
fills morning on the rains In the northwest.
I*ots of talk of red rust la the northwest|
this morning, with heavy ralna.[
Strength In conrso grains have helped
tho wheat nnd caused some of the early
sellers to buy. Markot could l»e bought. |
Provisions strong and higher. Covering]
ling scattered and mostly by local longs.
Corn feverishly bullish. Friedman bull
ing the May nnd all pit la buying ovary
thing else.
take on some wheat.
Chicago Inter-Ocean: All the largest of
local bulls were out of their wheat at the
close last night. They sold nil th# market
would toko during the day and disposed
of (he hnlauee through their holdings uf In
demnities. The local bull Interests were
long nt tho start and bought more on wet
weather returns In the winter wheat sec
tion and* red rust reports from Boutb Da
kota, but were unable to make n go of
it. falling to get help from tho outside.
One of the hull leaders said after the rloee
that the market had recently been strained.
and that then did not appear to he any
particular trend to values for tho moment
MARKET IS PROBABLY
•VERY HEAVILY SHORT.
New York, Juno 2d.—The Run says: "An
announcement by Mr. ITIen that he will
Issue July notices of delivery on Friday
to the amount of 48,000 bales, a break In
July In New Orleans on the ovo of notices
there tomorrow nnd heavy nnd general !!•
quldatinn caused lower prices. Moreover.
the southern port of the stnte, where It Is
most needed, private dispatches assorted
that rein fell In various parts of that stale,
Including Houston. In the snuthern section,
they had n cat tala effort on th* market.
July, li”w.-wr, was the most dlMmMng
fm-tor Mr I’rbe appi-nr* Imw bought
that month, some thought'to cover short,
and to have sold October at the rurrent
difference of 15 points. Not a few bought
Jnlv nml sold August New Orleans win h
sellar. Phllacsl|>tilft spot Interests were
supposed to have bought July. Liverpool
bought a good deal of August hen* against
ale* across the water nt Mg differences.
Today the weekly government report may
hnvo some effect, it would have a good
ileal more ttinn It usually does If It would
com# out fiat-footed and say something.
1\miorrow come July not lees In New Or
leans and on Friday here. Meantime. It
Is n nervous market nnd probably very
heavily abort."
New Orleans. Juno 36—Times-Democrat:
"Yesterday's cotton market demonstrated
a very stubborn Intention on the part of
CABLES WERE BETTER AND
RECEIPTS WERE LIGHT.
Damage Reports From the South
west Also Had Stimulating
Effect.
By Private Leased Wire.
Chicago, Juno 26.—Coarse grain#
were a big help to wheat. They kept
that cereal from selling off when It
waa under the greatest pressure. The
general belief la that the receipts of
com and oata are t6 fall off, and that
In case of good cash demand, prices
are certain to do'better. Closing price#
showed corn 7-8<tl l-4c higher: oata
were 6-807-80 better, and wheat up
3-806-Sc, and provisions 10@20c bet
ter.
Cash sales here were 105,000 bush
els wheat, 100,000 corn and 100,000
oats.
The world's visible supply of wheat
decreased 3,456,000: oats decreased 1.-
190,000, while com Increased 1,141,000
for the week.
Primary wheat receipts 124,000
and com 1,113,000, agalnat 282,000
and 1,121,000, respectively* n year ago.
Clearances for tho da? were 83.300
wheat, 6,377 com and 400 oata.
CHICAGO GRAIN MARKET.
Open.
WHEAT-
: 8*
B : S
BK'i B
TORK-
July. .17.00 1
' ft. .16.624 1
LABb-
ly. .1.674
Kept. . ».»24
Oct. ,. S.96
HIDE*—
July. .9.224
Mept. . 9.15
ranged :
Pr
Close.
834
W%
>i%
51%
624
5-1%
51%
4'J%
274
3(%
354
Oct.
. 8.96
5:2* ‘IT
9.07 • 8.96
36%
17.174
9.32%
o!o6
NORTHWEST CARS.
CHICAGO CAR LOT8.
Today. Toi
.* g4
lB.o*}
ramp of tbs old rrnn bulls who have come
* Ikvc not a little danger larks In the
■Bleed tender on Julv contract* of the
ragged end of the New lurk stoek. ntndenrs
of the staple now profoss to find encourage
ment In the hearlRh belief that offlrlnt
knowledge of (be breaking of the Texas
drought would coat the fall months several
'Olnts. though th# drought damage ran
mrdly hare been really eerleus. On the
Jher h«ml. too much rain and net enough
labor are repurled to be fast putting the
effect in checking the tendency to dis
count improved conditions In Texas once
he wentner bureau elmll have reported
ood rains over the southern section of
that state. Meanwhile the rlaae are he-
Inning to npprosrh on attractive buying
—r. MV
LIVERPOOL GRAIN MARKET.
Wheat opened H lower; 1:30 p. in., % to
lower; Nosed 4 to 4 lower.
Corn opened 4 Tower; 1:30 p.m., 4 to 4
glmr; rinsed 4 to % higher.
THE DRY GOODS MARKET.
V Private Leased Wire.
New >nrk. June I'H The dry L ,r >”«ls mar-
’t today showed mure movement from
first luiiidM of prints and domestics nnd a
cmifldniit tune on the part ”f merchants.
New price levels are now believed to liare
reached the low point for the year. The
Jobbing house mid year 'sales will !h> in
augurated today.
SOUTHERN EXCHANGE
Oldest KstnbIHhed Office Houth,
CO non STOCKS BONOS Mill
Ground Floor Oould Building Dally
market letter and market manual
nmlled on uj-i-ll • i!l- n
L.J. ANDERSON & CO
Bankers and Brokers,
COTTON. STOCKS,'BRAIN
Correspondent's Capital $250,000
RKrgRKNCC, TH1 NEAL BANK
PHOMC MIT. RRUOCMTtAL BLOO
HUBBARD BROS & CO., Sim
Atlanta Offices, 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 exchanges.
Direct wire service. Correspondence invited.
Phonee 454, Long Distance 39. A.S. Huatace, Mgr.
WM. L FI8L President.
ROBT. P. MADDOX. TW-Pth.
MADD0X-RUCKER BANKING CO.
CAPITAL $200,000.00
SURPLUS AND PROFITS .... $500,000.00
ACCOUNT* INVITED
We invite accounts of individuals, corporations, banks
and bankers and offer the best terms consistent with
conservative banking.
In our Savina* Department we allow Interest at the Rate of 2 1-2 per
cent. Compounded Semi-Annually.
WARE A LELAND
COTTON, GRAIN, PROVISIONS, STOCKS, BONDS,
IT*. 2 Wall St., reft • mldisf. Missis. Cs.
fia Yark Cattsa isthssgt.
Ntm Orltsnt Csllss tuhssfs.
Ufsrsssl Cetfss Attetlslls*.
PIEDMONT BROKERAGE CO.,
(Ineerporated.) Basement Floor Piedmont Hotel.
STOCKS. aONOI. CRAIN. PROVISION*. investment*.
Fast Wire Service from Now York, New Orleans, Chicago.
* CORRESPONDENTS
M. J. RAGE A CO, 42 BROADWAY, NEW YORK.
tow. MOTlt. Wssijtt. Ural »*4lss§ 0iitsstt foil ft— ISM.
Ntm Ysrk Cslftt tukssfs.