Newspaper Page Text
1
THE ATLANTA GEORGIAN.
wrnNFunAT, ji;nf. st, i*o*.
EDITED BY
JOSEPH B. LIVELY
(^THE GEORGIAN’S RECORD OF MARKETS AND FINANCE
■■■
Mr. Lively*# 25 rear*' experience
jf editing market* In Atlanta and
the Houth lin«• made him a ree.
ognlxed authority iu Ills specialty.
Imnnnnni
s#
COTTON FUTURES
HOLD VERY STEADY
LIVERPOOL BEARISH IN ITS
SPOT DEPARTMENT.
New York Opened Slightly low
er, But Recovered on Liber
al Short Covering.
Th. mily feature of o bcnrlnh nature this
Horning In tliu rottou market waa the amall
w loa nml (Iodine of 3 point* In the apot
department In Liverpool. The aalee aggre-
.,10.1 5.000 lialea at a decline of t polnti:
aiM.IHng MW. .
Future. doted at adrancct of 3 to
*°ln New York the opening quotation. were
I to 2 point, lower. Imt prior* Immedl.
ttelr Improved on elinrt* roverlttg.
There .wae »ome good Imylnc re|»irte.l
both in New York mid New (irlean*. doe
rbldlT to renewed etrenoth In the July po-
alilon. «» far aa the old crop month* are
concerned, while the new crop montba were
bought on the theory that the crop la not
far enough advanred to Inanr* a yield In eg.
ee>* of the world’a reiiulrementa. eatluiated
at 1.200.000 hale*, and aa the Month haa only
enee prmlueed that amount, the heart are
aot ronfldent of their poaitlon.
The Mouth le reported ehort on cotton.
Thle may or may not lm true: hut. If tree,
the rluiucee are the cotton will be deliv
ered at a higher price than that at which
tber are ahorr. the difference In price go
ing' to the epernlntnr.
The rerereu would bo true If the South
*That"l« apeeulatlon. and the ahorteat way
ant of thla eondltlon la for the South to de
vote Ita entire attention to the production
of cotton, atudy trade eondltlona and mar
ket the cotton when prices suit.
I,ot the proreealmial, or dealer In paper
cotton, have hla wny In the marketing of
hla prodr "
Mupply — -
ot tin- nctnnl stuff. , ■
Interior reedpta fur the half week, ec-
ronllng to Secretary Heater, aggregate A-
,c I .a lea, agalnat 14,413 laat year and 3.M
tho rear Itefore.
.shipment* 13,33 tinlea, agalnat 31,893 laat
roar, nml (.101 the year Itefore.
1 Kt.H-k* 183.83 hale*, agalnat 1(0.453 laat
week. 167,WO last year and 73,338 thu year
before.
By Private Leased Wire.
New York. June 87.—Continued Sue
weather through the cotton Kelt was offset
todnt by moderate activity at the opening
nm»ug Mnuthern short*. The weather map
ihnwed rain In Texan. At 10:30 a. m. the
market waa fairly nrtlrc and almut alendy.
8P0T COm ON MARKET.
New York—timet.
New Orient**—Steauy, nr.
Liverpool—Firm, Hid.
Anguatn—Sternly, 3114c.
NnvitnnnU—(fillet, in 11-16C,
Mt. 1-oulx—Quiet, 1074c.
10.31-33 llWJ-24
10.84-33 10.35.3
10.(1-SS
10.44-41
10.34 W.9435
gisss
RANGE IN NEW ORLEANS COTTON
The following Is the range In cotton
futures In Now Orleana today: ,
Laat. . Prerloun
Open. High. Low. Sale. .Clone. Close.
fune 10.70
Inly .10.46 10.84 10,« 10.84 10.SJ-S4 10.4M7
tug. .10.49 10.(3 10.49 10.61 10.00-C 10.330
tept .10.35 10.39 10.35 1033 10.44 V! 14.JWE
(let. .10.33 10.31 10.31 10.30 10.10-31 lOJJ-S
Nov -*
Inc. .10.26 10.34 10.3S
Jan. .10.33 10.40 10.33
Mch. .10.41 10.45 10.44
rioai-il steady.
RANGE IN NEW YORK COTTON.
The following Is the range In cotton
futures In Now York today:
fAit Prerloos
jnne jxr “f- iSSJ«
July. .10.13 10.19 10.11 10.19 10.14*19 10H-J4
Aug. .10.23 10.31 10.33 10.31 10.9031 10.29J4
Kept .10.39 >0.84 10.30 10.14 10.3234 10.3-3
<ht. .10.3 10.38 10.3 10.84 10»-J(
per.' '.i'oiii itrii ibljo iiiii iajlh vj-gji
ftS: : 10 ;* **• *■ £p SH
Mrk. .10.41 10.U 10.41 10.4* 10.(2-68 10.C-43
tlosed steady.
LIVERPOOL COTTON "MARKET.
te iw
1 mta. (.lid. Salca 1,000. American 4.100;
tro»ii
in-iio sola mi
Jan.-Feh. .
Fch.. March
t’losed fit
6.794. •) B.:
6.774.76 I '
Is I
MM.il
1.124.63
6.83444
6.574.88 6.844.86
TODAY-8 PORT RECEIPTS.
The following table allows receipt* at th.
port* today, compared with the earn* day
laat year; ,
NEWS AND GOSSIP
Of the Fleecy Staple.
l*rtrate Wire to Ware a- Lei tad.
" * Jae to «»me 1 up oa old sad
to 2 up oa new crop.
JdwtPwi «bles: ••Market affected uni
k K55!l ."Market affected unfa-
eT «th,?rw*bi U .T ; mr 1U,,t ° f ,Ul ' ®
ooened quiet and about aa ox
Liverpool. Nothing special on
‘xcept offerings of Juljr. Konu
Market
P«oted on „
WfiU except —..... .....
nening froin romrolMton and wire houses.
UMk for quiet market today,
RchlH beymg Mt of cotton.
. *f**»Oj*(*i!%, 43»f 37.—IJvcrpool cables
”°‘ favorable Spot sales of only 6,000
. J..? re * b,,rl * h argnment and at 2 p.
w i r " unchanged Instead of
point up, aa due.
The net stock of cotton In New Orleuoa le
*(eln«f (1.468 at thta time laat
year ° B ,Ulp “° ,rd *»>7*A agalnat 10,408 last
Notice for 100 biles wee Issued, but that
la the only one In sight yet.
Private Wire to albeit" k Clay.
New York. June 27.—The Journal of Com^
meree report* Improvement In crop* during
the month In Mississippi and Louisiana, due
to dry weather, crops well cultivated and
clean and labor sufficient. Plant not large,
bnt healthy and well fruited. Boll weevil
makes its appearance in several parishes
In Louisiana. Florida condition poor.
Market improving on local shorts covering
the new crops, which they sold during ths
weakness of July yesterday.
Mitchell offered 10~000 October at 10.20.
New Orleans, Jnne 27.—We understand
the South western Cotton Boyers’ Assorts*
tlon makes the Texas condition 64.6. agalnat
K.4 last month. Tht government made
Texas 67 last month.
'•Hero Is selling over
Western forecast Indicates showers for
nil of the western belt except southwest
Texas, where It is fair.
Ilayne offering to tell 10,000 July at 11c.
Market very strong, despite the excellent
The map shows light scattered rains In
Texas, Mississippi, Alabadia and Georgia.
Weather conditions are fairly cloudy and
temperatures are higher.
L* J. ANDER80fTSrC0/8~~
DAILY COTTON LETTER
a little atronger than loo]
Imp hut antes were again small at 6,020
Our market opened slightly lower than
yesterday's nnder some pressure to sell by
would-!*# longs.
Weather reports show rain over the most
of the belt, oat In the drouth regions In
U1 IUP in’ll, 8 nil III MR I
Inappreciable qunntltlen.
tht "" " ^
nrl
Ittt
hundred bales
ticca did not
1808
3908
New llrlet*.
8666
1441
ss;
If X
496
“ii
*
a g
6 •*
221
6S6
!!.’! p*
60 Ir
61 fi
•••• Ir
Mobile
Hnvsnnab *
•'hsrleatim
"Ilinlngton
niltlnncw
N, w YoHt
Ihwtm
Milladclphta
' nrjoa.
ToUl
6649
• «*» IT
INTERIOR N
OVEMEf
* T - 2,
IKK
l*W a
ilnueton
Augusta
m
468
‘is* V
M-inphl#
Ht. Louis
‘ inctnaatt
96
928
$9
U1 "
■»i ««
Total
2169
*443 p.
WARE A LELAND'S
DAILY COTTON LETTER
w Orlcai
operators in
of * proverb te the effect that the market
never goes down on * notice day, capo-
•—* '*• —riiaolml tn «n iln^Q,
I , .W
rice* today, for week*
, jave been makluc threat*
about what they were going to do In the
way of July tender* which were tPttJfjinr
to the week king folloarlng, end y*t7 even
on the opening today July commenced to
- - — K paint*
ly *> few
... jnd the bo-
circulate long before they
were etonpd. If au organised attempt la
bring mad* to manipulate the July poaitlon
distinct eucrees b*e attended the effort*
of the manipulator*. Hpot* here I wen kept
well up (hove future* end July hne been
allowed to aag off until the difference be
tween July and spot* la aometMng appall
ing to eny on* wno wlahra to denver cot
ton. Kven with the advance today July
wee nlweye about n quarter of n centJwj
low epota. for It waa generally admitted
that middling could not be bought under
lie Hpot holders will think twice. wUh
tba existing good demand foe spots, be
fore they dump much cotton on contract,
with tho wide spread between contract*
and apot*. The weather waa again favor
able over practically th* entire belt. Homo
rain fell m the eaatern belt that could
hare been alapenaed with, bat the ♦catern
belt continued to g*
.rally taken aa a fu.——--- , .
annr , RiSi?i h i , PRJs?a h i« W
walling for oli
v . ESTIMATED RECEIPTS.
New Orleans eipecl* 900 to 1.900 bolfo,
Ofjlnat 1.(42 ortual laat year: ClalTMton.
500 to 2,000. aanlnat 1.W nctnal Uat ntr.
llouatoo, WO to 800, agalnat 2,026 actual lait
year.
THE METAL MARKET.
Rv Prleato LmsmI Wire. . .
New York. June 2L-T1d «raa*r. at He ad
vance fa, near-by detlrery.
t'oppw nnrhanxe.1.
lead waa down 5 point,.
Spelter laat 6 point a.
COTTON LETTER
New Orleana, Juno 17.—Tho Liver-.
»1 market waa oomewhat dlanppolnt-
g In Itn earlier neealon, due to the
cl that there waa conaldermble nell-
r In > gpnamodlc wny of the July
•Itlon. Optlona Improved atfghtly.
iwever, Inter In thq day. mid elojjd
polnu higher than yeatCTdny, while
ot antes amounted to 8,(00 bnlen at
loan of I polnu. Today, the Brat
dice day for July delivery, wltneneed
rneillnrlr few tender* In drcula*
hne conaldembly
vaned. and th* valuer of then* l»ol-
S iati been allowed to follow
the upward tendency of the market,
nevertheless, -these distant options are
dally becoming more vulnerable and
morn suacepttble to attack, owing, to
the utmoat Ideal weather condition
now^affectlng tha crop. It I* the grow
ing Trellef that th# recent drought waa
not eufflclcntly prolonged
material damage, and th* advent of
ralna where needed came at a moet op-
portune moment, the field* prevlouMto
the arrival of moisture having been
HARD, FIRAA TONE
NEARLY ALL ISSUES MAK
ING GOOD GAINS.
Took Profit-Taking Sales in Good
Shape Without Excessive
Reaction.
Hooted this i
shat
ever their opinions rcRArdlnv
worn very much ralxod In their view*
tv hat tho Immediate tendency of price*
itii-l i»t>eiiitloiiN for accounts wen
ductiHi with timisunl nuitlon. Aiuerleun
stockM in Lotidou, on what looked to be
chiefly New York buying, came In n hslf
point to a point higher. The first quota
tlnns ot the local opening, while fraction
ally up, were not up to the Irondou level,
*1(1 at '* k —l-—--rarr.
It bei
1 evident that spe.
tenlajr were hurrying to realize profit where
they could. ITnuer this’selling the whole
market declined. The rcnlUlm; wnic, ,im
ndt. however, follow prices down very far,
and there waa enough support given to cer
tain stocks to prevent any general develop
meat of weakness. After the first hour
business grew extremely dull and prlcee
backed and filled within a narrow range,
showing at noon only slight differences on
the day. ■
! The stock market opened with a contln
nation of recovery that was In progress at
the cloae yesterday. Initial prices shown
gains of fii In Northern 1’orlAe, Nations
Lead: Heading end Amalgamated- —
Pacific, H; Colorado FaeLTL aiflPHI
tlmore and Ohio and ftouthern 1‘srifle.
Atchison, Steel and Pennsylvania gained H
" cnt. ad
the end of ten minutes of tradlngHM
cessions of % to 4s from best flgnres were
recorded In some eases. Consolidated Goa
was unchanged. Anaconda recovered H per
cent ^1 ■ J
Outside
market showed
first hour. nesfiPMMMMnHIIMR
making gains ranging from H to 1H points
et tho opening, and taking realising sales
Utter In good shape and without nay ex
cessive reaction.
■The leoadon trading was unimportant,
;|trsgs brokers buying s few wt«*cl -
lues and selling them on rallies.L
■Governments uucbangrd. Other bonds are
quiet r~m
, Ul ULI, U,M I U.W
, * 30Q.200 shares
.. MS,000 shares
477,000 shares
7*4,700 shares
1,010,100 shares
i* of InterMetropolltsn the stock
ihowed a firm tone all through the
ir, nearly all the stocks traded In
It n. m..
12 noon ..
1 p. in..
2j>. m..
Total ..
STOCKS REVIEWED
BY NEW YORK SUN
New York, June 27.—The Hud wiy»: While
the mnrkct yeterdny wa, aubjcctcd to a
vtgorou* benr rn 1(1 In the flrat hour, when
(bout 606,000 ,harea changed band*, the
coorae of price* wn* on Ibc whole more fn
vnrablc to the bull* than to their adverra
rl**, and flnnl quotation* In • nio*t mac*
warn above l**t nlsht'* doelor.
The laiedon market coniliiucf depreued.
capcclally In th* Kaffir denartmeat. where
It waa feared that on* or two unimportant
houaca might nut he aide to pean through
jhc aettlemeot, and Rnuhin ft *l*o were
’ "otir rumor* of aa lorrwmd dividend on
Aowticaa Hmettlug and lleflnlng were re
vived after anuouaeement w*« made of the
action taken by the director, of Anaconda.
revenue through
the ownerablp of a aiilorlty of Anneoudn
atoeh. Tha cxpeetatlmi that eongreaa wntibl
adjourn before the end of th* preeent week
we* aot entirely without laduenc* In pi
during aareatnee* In the rauka of the tht
Interrat, and as tho market had •
oversold corertaa oa. a large acale could
only be eecompllahed In the face of ad
reuclug price*.—tllhert * Clay.
ATLANTA MARKETS.
FRUITS AND PRODUCE.
Officially corrected by Atlanta Fruit gad
-rorheaf per* rrate. 81 tn IIJO.
^taeapplea 22 to 22.80, market at preaent
Ime well etocked.
Ha nan a a. etnilgbte. t-— booth 21.67 to
11.75. full*, tier bantu. 81 to II 28.
Wtaermelona, 110.00 to 22760 per 100; de-
“rouCTKY AND COUNTUT TOODUCK.-
Ure hena S to 37W; frlea 23H_to 38c;
•roller* 18 to 22Vie. |Jro duck*, Tekln 30
to Se; puddle 26 to.nMe. .... ,
taWpSr°l?!.. P Il M “ "
.jgR, ettc: cook -
lb.;' Jo 1-lb. rack* 10
• EOETABLEB.—Irish potato. No.
•lock 84 berrai: No. 2. elork
neet*. cabbage crate*, per crate, 21 to
Tomat
Bean*.
'tijuaTti, yellow. 86 m ile,
to II: market overstocked.
Cora, new. I* t* 3»e per doxen.
Okra, per crate, 21.80 to 12.
Oecemben, per crate, * to 76c, market
Old’irbdTpotttoei per bushel, H *.
Old meeet potatoes. i»r bu»bcl, >1 to IL3;
ew sweet potntoe* 81.76 bushel,
fherrlra, Slqusrt crate, 31JO te 31.78.
rsatslou;*-*. per crate. 22 to 13 50.
Hlnrkberrten 11 te 22H« aaart.
Dewberries 10 to IP** quart.
FLOUR, GRAIN, PROVISIONS.
PLOl-n.-Po.teIs Elegant K»: Diamond
patent 3: fancy patent 38.10: hslf patent
24.10 40 it.»: fancy tint aprlng wheat
patentJtJOfft -MaAet etrong.
fOUN.-fbolee rod cob 7de; No. 2 white
14c; No. 3 yellow 73e: mixed 7*r.
OATS—Choice white Hipped. Ke; choice
white, ffct; choice mixed, 49c; Texai rest
f IrtAlf^Maln water gnaad. aac ImshH.
21et bolted I KWh Jate*. per boshel. Be.
Short*, white, 2L4(: n.-dlota. tl.*: brown.
™ bra*. 2i.»: mixed braa, 21.15.
oI BERT & CLAY
<• K. ALABAMA ST.
STOCK*. BONO*.
COTTON. OgAIN,
corvee. eaoviKON,
ATLANTA. OA.
Naw York Htwk ffarhanga 'New Orleana Cot^™ LCotron'AMoHstle
' • York Cotton Exchange .New » Hfwk -
New York Coffee Exchange X-« Orleana Hot d ot 1 rt(l .•
FrlTRtp Wlms f«> all LxcOsog-f
Local and Long Olstanoa Toltphono 529f-
tpiion Coitem Kx»hsaga.
W. R. FAGAN, Manager,
CLOVER.—Choice SXV.
The above prb BftiBIM
•object to luun-
i GROCERIES.
fil'OAlt.- Staodant grsniilstM 8r. New
York Itcfliicl 4Vk to 4Vk: plantations <14 to
‘YoTiHHF*Renatcd ' Arlmckle'a 115 86:
ML la lug* or barrete. 1JV: grceo U to
12-*._ Msrk-t weak.
RICE.-Carolina 414 to 714c. according to
grade. Market very strong.
ITCESSS-Paary full cream dairy. 14c:
ttrloe. USc; I>r1ek. 14c. Market -tr.aig
1-ROVIrtloNH -Huprome hams IlHe. Itiwe
hams ISe. California hams 16ty: Red (rota
hitax. Be. Dry salt extra rit** 7.757 hHIlea
394 I ha. 1A60; fat Iweka *64: plalea »’«c.
Supreme hurt 1> ll-d Crero tv. gaew
Drift compound TH- Red Cross < V
RANGE OF NEW YORK STOCK MARKE
Am.ilg.ininff'd Ompor.
Atlnnih* C(iast LlnPe..*,.**•**
American 8ugur Ilrfinlng
JJJK f ******
Amorim n 1/ • < »nu*t I
<l>> |»i'«-fcrrc*l
Amcrli-sn HmHtlug Hcflnlng
ilo preferred
Atchison
dn
Amorlrnn Cotton Oil..
Unltinioro nml Ohio *
Brooklyn Rapid Trnnolt
i'niuitll.'ui r«. It1«
nil<-a«*v nml Northwestern..,,..,
CliOMtpmlto nml Ohio ••„•*..
I'nl.Mmlo I’ll.-I Mi In'll
Central Ixcnther
dn prcfcrreil
Cklrofi nml Great Western........
Mlluadlicc aad Ht. iSvul
l>i-lnwan» and lludsou.....
IMMlllcr'rt Securities
do preferred...!
General L'lertrlc.,
Illinois Central
Americaii Ice Securities...
Loulsrlllc and Nashville..,
Mexican Central
Mlsstiurl rnrlflc
New York. Ontario and Western
National Lend....... *
Northern 1'oclfic..
New York Centftl,..** *....*
Norfolk nml Western.....
'Vunsylvnuln
People's Gas
l'ressed Steel (’Bf..
Par
Mall
Iteaillmr *»*•**,••#(!
Republic SI cel
ltock Island
do. preferred....-
Knifed States KuAbcr
do. preferred
Southern Pacific*..
Southern
do. preferraa.*...
Slnss-She/neM
Tenuesvee Goal and Iron... *
Texas nml Pacific
1'nlon Pacific.
United States Steel
do. preferred..,,...........*
ViralnlS'-Carolina Chemical
. do. preferred
Western Union
Wabash
do. preferred
Wisconsin
do. preferred
TIPS FLASHED
From Wall Street
Private Wirt to Gltiert k Clay.
Naw York, Jane 27.—Daniel Odell k Co.:
"That a large short Intrrrst exists In the
•tock market we /cel certain, and tho Ir
regularity that has been experienced fa
the past two weeks or more only encour
ages bearish traders to inrrrsse Its pro
portions. l)sy after day the market hus
declined Interruptedly with accnsloual ral
lies and somebody has been buying storks.
When congress Is-out of the lime light wq
be!teve the financial situation will be on
s more favorable basin here, and with
esrnlngs unprecedented ami prosperity gen
eral we look for material enhancement In
stock market values. Hentlment Is grad
ually Improving, nml as soon ns some of
the uncertolntles now overhanging the
market shall hare blown over wa expect
a good bull move. In stocks.
New York, June 27.—Uptown Interests
which have bean seen this morning are
not quite as pessimistic as they have been
for tlie fast week or ten days. Jly some
It Is believed that the market will he cotr-
sblarsbly better for the next few dnyn at
east, and that tlm Improvement will be
ed by Ht. Paul, Union Pacific, and .South
ern Pact fir. On the other band, the opin-
■ I- r • . iv cl pn-h-4. !. Unit u III!.- t In- l.-ii • 1
ng storks may go a little higher today,
the selling movement will continue. Con
servative observers reiterate the opinion
throughout the country will he folt
Private Wire to Ware k Lnlsad.
New York, Jnne 17.—Loudon strong M to
' per cent - up with moro Improvement
A better feeling prevails on coppers due
to Anaconda's Increased dividends, and It
Is natural to tappoaa that Htenla will do
better considering Its largo business, pres
ent and prospective.
nd while attacks are likely oa sperfnltlw
n order to affect tho gem-rnl market, don't
believe they will prove effective.
Baltimore and Ohio at 120 Is a I per cent
proposition, and at anything under that
believe It la a great purchase to hold.
With the coming adjournment of con
gress nnd slightly easier money eondltlona,
the atock market should show further Im
provement today. We do not look for
broadening of speculation, however, tod
on any sharp advances, would tsko profits.
Summary of yesterday’s stock market
3
loo I looij' %H| 90%l 20% ft>4
IXi 139 | 13ft l»i j 12* 127
121H m\\ 1^) 1J9 L-J 13"',
:c 2C, ■ 224 fl**,
©4 6B% 07 07^' 67
..... I situ igu
117 147 142 14.1% 141*4
U&U mu ins’ ii4% iu*4 m
MIS R>H, »H RSS *»S
.TT!T| .T7TT1 .TTTTi l-nu i“-'*
M 31 20 30 J 9U 3-'U
lit llgu 11GU 117 117 i 117%
78U 7IU' 74S 744* 71S KS
16 »u I0ou IMS r-*u 10 ,,, 4
197 ; 197 19i I 197 , 197 j 199',
MW MU 1 MS MS MS $7%
ij ss s^j s? s i i i?'■
*i«si *i«s 'i«d ’iivi! l iJu| 'JJu
1<«S 17&!*' 171U mu 171U 170
"IV 21Z 212 :il 213 217
b$ 6IU 57 67V M MS
4JU 4J‘* 40-\ 41 J 40U1 40* *
7HU 7HS 7AVw 7hU 78 78
104 104 ) PI 1021; 141 ' 163
by Dow Jones 4i Co.:
American stocks In London strong U to
per cent above parity.
Hatber better toae la general London
market.
Comptroller of cotreticr will rigidly en
force new bank law, which entails some
of loan
surplus.
month will
Tretwat _
sat In Ita history.
Home demand for stocks In loan crowd,
especially Ht. |*anl. Copper, Baltimore nud
Onto and Pennsylvania.
Hlxteen roads for third week June show
average gross increase 16.13 per rent.
Money easier than had been expected at
London settlement.
President Johnson at 34,000,000.
Twelve Industrials advanced .36 par cent.
Twenty active railroads advanced .38 per
cent
Chicago, Jane 27.—The Inter-Ocean nays
Weather and crop reports are liecoming thi
nil Important factor In the grain markets.
It Is too wet In the northwest. It has been
toe wet la the southwest. It In not wet
enough over parts of northern Illinois, it
Is feared there will not lie rain enough
over the corn belt In the next few weeks
to carry the eorn crop through, and tho
hulls who sold oat thHr wheat and corn
recently were reinstating their lines yes
terday.
In oats It haa been reported that the
crop Is not promlslug. as some reports
claimed the past few days. The hemln sro
not ss full <>f kernels as they should lie,
and In northern Illinois for a strctrU of
thirty-five miles around f’hlrago It has
le-en too dry for three weeks for oats. All
the conditions yesterday appeared to 1m
shaping themselves for another bulge Ik
grains.
Cash liiislness in wheat In Chicago venter
day developed good proportions. Hales were
10.000 No. 1 red at Cr over July c. L f. Buf
falo, 40,0» No. 3 hard at 2r under July In
store, nnd 46,000 No. I northern at 8c over
July In store.
Hales of corn for export and domestic
were 740,'»••). lie biding lw.00| far export.
Hales of oats were 500,nnn to the eastern
some time.
The sen board reported HO*OXlMrtS.
Charters were innd** yesterday for 900,000
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.
Prank Hawkins, president. **/**..
H M Atklnsoo. V. P. Tkoinas C. Erwin, Asst. Cashier.
Joseph AT McCord, (Ashler. £ W. fetrs, Asst. Cashier.
- Third National Bank
Capital .... $200,000.00.
Surplus .... $300,000.00.
Dr. A. W. r.lkM
pat In tb. beat poxalbl. chape. WUh |
euch proapett. In view, It will be iltf- j
firult to aurtaln sdi-anrco onleoo the,
l-»n**:<M.kc.J-J'jr crop aesr. al^yuld nm-
teriollxw
IVM. L. PBEI. Prxal(J«r.
IlOBT. F. MADDOX. Vlrcrrca.
MADDOX-RUCKER BANKING CO.
CAPITAL $200,000.00
SURPLUS AND PROFITS .... $500,000.00
ACCOUNTS INVITfO
We invite accounts of individuals, coqwrations, banks
. and bankers and ofTer the best terms consistent with
conservative banking.
In our Having* Department we allow Interest At the Rate of 3 1-2 per
cent. Compounded 8eml-Annua!ly.
NOTES ON GRAIN
Pointers on Provisions.
Private Wire to Olbert k Clay.
Chicago, June 27.—Wheat showed a very
strong Tone yesterday, recovering Ita weak
1 pathetic tn hrarlah news. A bull cannot
Pit offerings of wheat moderate. Hcalp-
era Inclined to be bearish. Valentine Just
bought a tittle wheat at SSttc. Think “
mar set will do batter. •
Lagan kta been a fair buyers sf Reptem-
her wheat. There doesn't seem to Iks much
wheat presslug nu the market.
all
Wheat opened a Utile firmer, without
much pressure on the market. Northwest
telling of nervousness on crop outlook on
account of warm weather following rains.
Strength of corn and oats a help to wheat
at tho outset.
Weather outlook Is for mostly fair over
this district, except thunder storms likely
over much of It.
northern firms an& also by commission
houses. Ijocs! crowd sold: would not take
much buying to run them In,
Corn opened firmer with outside trsde
ger and comr _
lugs limited.
lats opened
coaimlaslou houses.
Provisions opened higher with the ad-
snee In bogs at yards. Offerings amall.
>smsnd scattered and market helped by
neeord-Herald: “Developments yesterday
In the corn trsde put a new face on the
speculative situation. Hales of rash eorn
«40.fiW bushels were large enough to Indies tn
tImt there might after nil be little corn de
livered here on July contracts. Obo of tbo
gratifying fomtoroo wos tho reappnrnore
of a little new export demand, tns first In
quite a number of weeko. Tho large ex
port business done early In January for
shipment running up to Octobor promises
to ho aomotuine of a factor In (bo corn
market all summer.
“One of the largest grain concerns here
reports Hint Its entire purchases of new
wnrnt for the year to date do not exceed
25.000 bushels, and It Is doubtful if the
nfirrefate purchases of all the houses hero
aggregate over 75,000 bushels at country
stations. Wet weather delayed threshing
aoatbweet Just as the grain was getting
a to condition for marketing.
more favorable this morning nnd an effort
will likely lie tnsilc t»y th.» hears to lie-
press prices. Hbould the market work dawn
to about low prices of Trsterdny wold cer-
heat. Tax# moderate profits
to be by pit operators.
end tbs market continued at nmetlmdlj tho
closing figure® of jentcrilny ilurlng tho en-
|tlro morning. Hales at mid-day were only
reported that net Ices for about 100.000 hags
were Issued. The emnll business would In-
illrstn that the long Interest was taking the
offee ns fast os the notices reached them.
No depression as a result of notice® had
been expected here, and the July sitnstlou
hnd no Influence on the market. Nor waa
there anything In the news to promts a
liuiigc - f ■4-l.Mii,. Ilf *.r -1 r•--i<1111 (.111.•
“inents. Of the European marks'
was unchanged, nnd after opcnlnj
partial lower the Hamburg market iBI
covered tlie loss, (if the BrnaQlAa market*
Hanlon was unchanged, but Hlo derllned 75
rels. ltd elpts were not heavy as compared
with Inst year's flgnres. with the two ports
reporting 83,0frt bags, against 2a.r«d list
year and Jundlahy ft.OOOi agalnat 16,000 Inst
year. The rate of Brasilian exchnngo was
1-32(1 lower.
OPENING PRICES
LITTLEJHANGED
GENERAL WEATHER CONDI
TIONS MORE FAVORABLE
Commission Houses and Bulla
Bought Wheat at the
Start.
Chtcaco, June 37.—Sunshine la badly
needed In the northweat. That an-tlnn
woo * lore buyer nf wheat her. on
th. unfavorable weather condition* In
the aprlnc wheat country. Tho prlca
rlooed l-84tJ-5o higher.
A Sllnnrapollo meoanga aaya that th.
bear, up there arc bccomlnff alarmed.
Miller* were buy.ro of wheat future. In
all th. market* of the country.
Com .Iom'S-SOS'Sc blither and nata
were up l-iOlc. Hog producta wcr.
off a little.
Caah anleo were 333.000 bushelo of
corn and 131,000 of oat*, but no wheat.
L'ash com waa up 1®1 l*<c and outa
(alncd J-3c.
Primary wheat recelpto 247,000 buali.
elo, ayalnot 181,182 n year airo.
Corn recelpto #46,000 bu.h.lo, a*aln*(
1,163,000 a year affo.
t'learam-co for the day ftS,000 b,i»h.
ala nhent, 130,000 corn and 17,000 onta.
CHICAGO GRAIN MARKET.
Previous
Open. High. Low. Clots, c'los**.
WHEAT—
Jttlyr .
8K-.: I
COHN-
July. V 83 8314
fe: • S» S
214
OATH-
IE - Sit
PORK—
July. .17,86 lf.S 17.80
Kept. .16.0 16.374 10-75
Jan. ..13,60 25.06 25.00
l.ABl>—
Joly. . 3.524
Hept. . 9.00
Oct. .. 0.974
Him:H-
July. . 9.874
Kept. . 9.30
Rl]i
R.’C
604
Sit
17.30
14.76
25.66
».«H
8.96
Oct. ..9.074
9.90
•
in " r
9-324
9.36
9.0.’4
II'®
» 974
J.3-4
i‘nth Wheat—No. 2 red :
H; No. 8 hard winter s2ffX4;
No l riortlii'rn spring
8IUH6; No. 8 spring
’5*4. 1
Wlu-af
Coni .a
Oats ...
Ilog* ..
CHICAGO CAR L0T8.
Today. Tot
LIVERPOOL GRAIN MARKET.
’<( \ liticlicr. 1:3* p ii
imt Jf "
9 SA.,1
Maker.
Corn opened S blalicr: 1:30 p.
blgbrr; eloaed H to 44 higher.
NORTHWEST CARS.
NEW YORK COFFEE MARKET.
Xrw York, Jane »f.—Followtoa are nprnlng
and cinxlng quotatlnna for n>ff«a for tutor,
delivery today lu Now York;
Opening.
Itao
January.. ..' ..
M7:::::::::: ::
iff}!: ::
Jin# ..
Joly.
August
Heptcmber
October M •*
SK»
(.7M.78
I.M4.B
(.ISA 30
A1SA10
1»* (*
ASM.B
ISIS
1864.10
In Knnaaa.CH/, and there were 80,000 hu«h-
Cl. e l l there yc.tcf.Jxy to go to Mluoeap-
ullx for July delivery,
fferet* mu|x In wheel by rain, aud
' at',nn. la reported In Mlaenirt. Ohio-
and Tcxaa. Mcaanoe from Kanaa.
city eaye: ”IUIna pretty (cnenl thronffh-
ont Ohlahotua Uat *l*ht. Thla will hold
A car nf new wheat from Ohio homo ooM
In *t. I.cil* yeaterdor 04 Me.
n ub So. 3 red and So. 1 aerthern wheal
‘Illnxr at * premium mror July nnd Mep-
tculier a*d with low rradca of corn and
onta Prlnalnit the name price aa futuro..
wheat and tba cuwrae xrxln nurkata eaxlly
hecaue areranhl crery few der*. and all
fiewk. aad abarp rallle. are te he exp. cted
to follow w> loc* at theae cuodltlou. Uat.
Today. Week. Year.
175 23; 71
ItuT.tb M 15 1
Cblcaio 7 6 8
PRIMARY MOVEMENT.
r-.l!.... Ii.u flxnre. «*,(■ the primary
mmcnicnt ,,f wheat nnd corn:
wha*t—fUcafjHa fo-lny 2t7.o*0 Fm.hrfa,
ajr.ln.t ICI.ff.i uu.hela l,i.t year: .hlpmenta
today 197,0X1 buxheli, airnli.ot 121/,'J buxhcla
laat year.
Cor*—Itccclnta today 541,000 btl.liela,
axaln.t ua.lni l„i«licl. In.t year; .hln-
•Mala tmlay .'O.Ooi Im-liel*. aipilmt 577,Vn
huabcla laai year,
COTTON SEED OIL MARKET.
flaw York. June 3f.—The market for cot.
Ion need oil waa artlre and atr„n* con-
tlnulno the admin lux tendency develop,et
Ir. with early naira of over in
Thera
K'r , -.?t r :.r 1
. bifidlng bi _
nml also Interests which
r • • 11• 1 v lu v-ii M'-nMMcil with tin* bear
► TIim I'H\ lug scntliiK-nr wiih Isrif.-lr In-
flseared by the firmues® Jn lard.
found the i
Jan# *
Joly
Hcptemher .
October ...
November ,
December .
a
SOUTHERN EXCHANGE
Oldoat Established Offlr# South.
COTTOI ITOCU-- BOIW MIS
Ground Floor Gould Building. Dally
market letter and market manual
mailed nn application.
L. J. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, GRAIN
CHrmpoidut'i CapKil $750,000
acrtncNCK. tmi nkal dank
PHONE 1417. PNbOCHTIAL OLDO
m Vsrk. Orftssi.
COTTOnVg^ATN, f R 0^.sfe!?S L ST^ N KS D BONDS,
He. 2 Wall St., Ftltrt tslldiig, Atlaata. C$.
SumUtSt
few Verl Cotta■ (kImm. Chief I*ir4 ef b«ft
lltm OfUtM Ceffes !«(*•• ft. Chicago Sto<h tuhaamo.
Urfool Cottoa Ataotlalloa. How York Coffot t‘<h,ogo.
hlaalo Wlru to Horn Vtrfc, Mam Orltaai, Chicago i. C. COTHiA*. Waai
Bolt files* 1202.
IN. Uiiistf.
Sfis4i;4>lMi 291
PIEDMONT BROKERAGE CO.,
(Incorporated.) Bassmsnt Floor Piedmont Hotel.
STOCKS, BONDS. CRAIN. PROVISION*. INVCiTMCNTX,
Fast Wlro 8srvlc# from New York, Now Orlo#ns, Chic#go.
CORRI0PONOCNTS
M. si. SAGE A CO. 4* BSOAOWAV. NKW YOON.
tOW. HOTlt. Maaagor local aod loag Dhiaato Bolt hippo 13*1.