Newspaper Page Text
THE ATLANTA GEORGIAN.
FRIDAY, JUNE
edited by
JOSEPH B. LIVELY!
THE GEORGIAN’S RECORD OF MARKETS AND FINANCE
Mr. Lively'* 2T» years' experience
jf <Mlt«Inir market* In Atlanta an«I
the Smith ha a made him a rec
ognlsed authority la tils specialty.
f
'ZJJ
COTTON HOLDS
ITS STEADY TONE
yiOOUATIONS COVER VERY
narrow range.
NEWS AND GOSSIP
Of the Fleecy Staple.
News Generally About Stand-Off
and Option Trading
Is Small.
Since the holiday •peenlntlon In cotton fu
tore* ha* been practically dead. There Is
nothing In the new* that him not been
kioirn for the past two or three weeks
to InSuence the course either up or
down.
The leading hull would have prices ad
vance, and doing everything In his power,
la the way of bullish llternture, to accom
plish this result. Around the ringside, how
ever, his brokers do not show the ag
gressiveness required to boost prices. In
the meantime, It Is reported the South Is
Dot following bis lead, and are wild to
be the best seller!. This action on the
part of the South, If true, plnya Into his
bn ad a, as he will l»e enabled later on to
force them to cover nt better prices.
The New York Commercial, reviewing the
cotton situation, says:
“Liverpool Is disposed to be more bull
ish Just now thau Is cither New York or
New Orleans. The American markets have
beta Inflnenced more than has Liverpool by
the selling of the 8outh. Liverpool Is pay
ing attention to the statistical position,
and considering more closely than the
American markets, perhaps, that the stocks
lu Great Britain and the continent are
small In comparison with whut they should
lie with as much business In front of the
mills as there Is nt thli Up -- -
lug made by Liverpool
higher level of values nt this time.
• The government report Saturday did not
change any one’s opinions. It was too
nearly what was anticipated, nlthongli tlio
liears had had very strong hopes nil along
that It might be something like 88 or ho.
For some time, predictions have been
freely made that there was going to bo n
much more lively market after the July
report, and the broker* are now wondering
whether or not these predictions are go
ing to come true, 'lheodore II. Price
has gone on record with the prediction
that the Immediate future Is going to
see the most lively excitement mid tho
hesvlest trading the cotton lunrket 1ms ever
known. Price Is still a bull, and he lmsc
Private Wire to Glbert A Clay.
New York, July " '* ’
m. wns 2 and 3 ]
about as expected.
We hoar there are reports of' rain
Sim Antonio.
Market nn
tone eland _
of shorts; otherwise featureless.
In eastern Texas and southwestern Texas,
both.today mid Saturday.
eastern forecast is for partly cloudy
Private Wire to Ware ft Inland.
New York. Jnly 6.—Cotton holds firm.
Liverpool hns sold, but offerings readily
taken. Looks like Price a good luprer of
October nnd December. With little In
crease In outside buying, market would ad
vance costly.
Lessor Goldman weekly weather rei
says: “Oar reports from southenat 1
sourl. Arknnsas nnd northern part of In
dian Territory during the week Just passed
quite satlsfnctoi7Y The weather has
tinning to tnaL
are free from grass nnd the cotton plant
Is developing nicely. The general outlook
remains very good In all our territory.”
New Orleans, July 6.—Report* from the
San Antonio nnd Arnnsss Pass railroad
are flattering. Cotton Is In good shape
nnd will innke ns largo or larger yield
than It did lsat year. Roll Weevils are
reported In hut few places. This Is from
51 towns lu southwest Texas.
The net stock of cotton In New Orleans
Is 39,011 bales, against 54.989 *st thJi ilme
Inst year. The amount of cotton on shlp-
thc new crops are steadier than the old.
July Is easy, but October sml DecemlM»r
are very steady. Shorts do not like reports
of too much rain nnd consequent crop de
terioration In the Atlantic*. Spots are
dull but stendj at quotations.
The first bole now cotton auctioned
oor of the cotton oxc
pounds; classes good
** * ’ i, Nelmi
known, trice is nun » uuii, umu **«- «»«!»»-«» • • • • n c A l el t hi rtf a nun \J
this statement upon the belief that there WARE dt LELAND8 DAILY
Is going to be su active bull market
“A majority of the local rotton men ran
ac<* nothing In the situation nt nil thnt
holds out any promise of a bull market
at this time, ami ns they are Inclined to
the liear's sldo they ran not agree
Mr. Price and his optimistic pro;
The general oplulmi la that It will
a period of very bad weather In the belt
to cause any material advance, nnd unless
this should be seen, the market will c—
tlnue s slow one with a tendency to sag.
SPOT con ON MARKET-
10.80.
New Orleans—Quiet, llVfcc.
Liverpool—Steady, 6.06d.
Augusts—Firm, littc.
Savannah—Uulet, 108io.
tit. I.ouIa— Steady, 10%c.
LIVERPOOL COTTON MARKET.
Liverpool, July 6, 12:15 p. m.—Cotton, spot
dull, with prices unchanged; middling up
lands 6.08; sales §,000: American 4.900: spec
ulation aud export 800; receipts 8,000, all
American.
Futures opened steady.
Opening . Previous
Rang*. Close. Close.
,..§.7$
it •August.*.
Aug.-Hept. .
Kept.-Oct.. ,
Oct.-Nov. , .
Nov.-Dec.. ,
I tec.-January.
.1.81
&.04-6.6* 6.59
.6.864.17 6.694.10 6.64
jn. ivh.. ', . . aIt-s.m t:«U:£
February-Mnrch.. 5.62 6.56-5.67
March-April. . . .5.604.61 6.64 6.68
Closed steady.
TODAY'S PORT RECEIPTS.
The following tablo showa receipts at tha
ports today, compared with tho same day
Lit year:
1906
INS
N>w Orleans
tialrctton
Habile
Hnvfttinah
tin Heaton
Wilmington
jorfolk
Baltimore
•Si
‘ 2626
4s.
IS
164
2869
m
445
1118
293
Boston
Philadelphia
Brnmwlek
Nswport New*
*626
114
TotM
4633
mu
INTERIOR N
UI
z
UI
>
0
AT.
IMS
1N5
Hoaston
2XS
MOT
276
f.sr.
llentpbla JJ,
m
M
Ularinnat!
ta
*•
Total
m
3579
0IBERT & CLAY’8 DAILY
COTTON LETTER
. OrlMM, Jill, 6.—Liverpool rnM,,
■ThUk *. ® or * bullish trend or sentiment,
»mch culminated In an advance of from
Irit V R 0 *®** tor the day on the option*.
55* •***• continue small, but steady In
day's business a Boon ting to
tinVLi 1 * at onehnnged prfo*|. The con-
2lS!! ,| »i«! n- Atlantic states cuuaed
‘RRe buying by room scalper* and
-I, covering by Impatient short*.
-“iJ* ^6lch, however, was lakufflrlcnt in
re*!m # bring about more than a slight
Sf2i on - * Hiring the day advices were re-
min. ,^ or, llng heavy and fairly general
retUhii*"Hlfbout southwestern Texn* and
•®uu!5 * dries* from Waco expressed tho
d»t the precipitation* occurred In
.HP’S m °st In neM of molstnre. and
AttoBL** fvw days have fallen *»n tin*
»ibiJk. roa,t Br * not seriraaty considered
f catutei eg teas vc 8dM6 pad
*?f v'emm Mild fi
COTTON LETTER
but steady today. .
mnrkct wns the sqnahble over rains In
Texas, whether they really happened or
not, or whether they were really needed or
not. The best Information obtainable was
that rain fell In portions of south Texas
and that It wns welcomed. Wonk shorts,
however, covered Just the Mine, jand^at
York hufl camp ...
arntnre concerning the lack of moisture In
Texas, nnd It served to further Increase
the nervousness among tho bears. Too
much rain wns again complnlned of In sonic
districts In the Atlantic*, but when every
thing wss said, uothlug approaching a crop
scare was hatched out. A good old-fash-
|- Hi'Jilv would l,r tin* most w.d-
comed thing In the world Just now, for It
would get the market out of Its presont
rut and bring In some business. As yet
there seems to be no good baste for n crop
scare. Tho country Is too short nnd crop
conditions are too good, inking the whole
b*-lt into ouii-dd'-ni(Ion. It will 1"- a g I
thing to bear In mind for some time to
short Interest that pxlsts, ought to cause
all nmnher of fireworks when fully under
way. Trading was featureless tho «loy
through and the volume of business wns
very small. It wns worse than a typical
summer market. Spot men had tho snmo
complaint to make.
Now York; July fl.—After an early
weakness caused chiefly by short sell
ing the stock market advanced under
short covering Induced by the appear
ance of buying orders under tho mar
ket and bidding up of a few special
ties. Around the top prices, a check
was noted in some of the leaders, but
the market displayed a disposition to
harden and remain quiet for a time,
with a sort of deadlock between the
opposite parties. The Indications are
that no Important movement will take
place In the Immediate future, but that
liquidation subsiding as It hao, the
shorta, of which there are many, will
retire contract# as specialties may be
bid up and Irregular Improvement to
certain limits upward take, place. We
still recommend a conservative position
with taking of moderate profits, and
the close following of the Individual
position, which give the Indications of
vulnerability and strength from the
technical point of view. We find signs
We are in a
of ,
H --“7 »•—« - 11.- « unu Mr.
In, .»SI *** * *«y ‘lull and unlnti-mt-
* . twyiklag th« war of uewa
again farorabla lo the beara. Tha
t rulod hear, throughout. Anally
; weak practically at the lowrat
........ of the day- The weather over the
entire eprtng wheet country la Ideal for
the sdvsocetneat of the crop. The situ*,
tlon in Wheat Is unchanged. Everythin*
from now on depends on the outcome or
tho spring wheat crop, which at this writ
ing 1* making favors bis progress. Senti
ment Is decidedly bearish, hat traders era
rather rnutloua, reallilng that change la
the conilltloua mutt be for the woree. We
feel that profit. obonld be taken on abort
wheat orouad the prraeat lore!.
Corn—The market wee quite eteedy eerly.
hut weakened later on general eeniug by
local crowd. Chief leluimcea beering on
the market were the fsTorabie etate n-
porti ond good weather. The weaknee. to
wheat and oata canoed eome llqaldet’on
Arreptnncea. bowwrer. were erala reports
light. We eon eee nothing In the elteetloe
to warrant higher value*.
O.t.-The market eremed rather heavy
on ocattered BqaWOtlon on qejllnghy eaj
Intereata. The beat bajrtng haa boea by
Imylng i
.Ion.—Dmplto the decline In Pri-w,
yarda. provlalona ruled quite Arm
lout. There wee a good cine* of
evidence end offering* were
B r the .mailer peckeee were
ettverlee of lent We eon-
OPENING PRICES
GENERALLY LOWER
TRADING AT OUTSET WAS
RATHER QUIET.
Aft.er the Opening the Market Be
came Decidedly Strong—Sen
timent Was Bearish.
By Private Leased Wire.
Now York. July 1.—The action of the
market this morning made It clear that
tho action late yesterdny was an intercep
tion of a recovery nnd not a fresh decline.
At the opening this morning the general
list went lower in sympathy with n decline
In tl.f foreign nnrkeis. Lou Ion's selling
was the most influential factor In the deal
ings nt tbe start, but when the foreign
offerings were taken, which they wero very
easily, prices started up Immediately, and
In the course of tho morning rallied
more energy thau they have for a long
while past. Tbe leadlug Issues before mid
day were back to yesterday’s highest and,
In some coses, above these high prices, and
Hi*- easy ni'iimer with which tho upturn
as accomplished, created a decidedly more
confident feeling In speculative circles,
wns more widely agreed that the marki
had a sold-out appearance, nud that more
than one large apeculatlve interest was be
ginning to l>e embarrassed by Its position
on the abort aide. These technical rood!
tlons, of course, took precedence over every
thing else In the day's discussion.
With few exceptions the opening prices
oil tho stock exchange ranged ft to *4 bo
yesterday’s close. Tl<» opening nd
*aiu.es were limited to V» lu Grant Northern.
'* In Smutting. ’* In Htoel preferred and
lln- miiim* amount In ItMltiiiioi «• and Ohio,
while General Klee trie opened up 6tt high
er. The balance of the list wns heavy.
Trading at the outset wns rather aulet.
RANGE OF NEW YORK STOCK MARKET
list were made during the first hour. Lnrger
room traders and mnnv prominent opet
were aggressively bullish and hnd no _
Me In forcing prices to n higher level.
London sold about 20,000 shares on the early
decline.
In governments the 3a coupon declined
4 oVher 1 bonds steady.
STOCKS REVIEWED
BY NEW YORK SUN
New York, June 6.—The Run says: “Deal
when there wns n considerable reduction In
tho volume of trading from that mnlutnlnei
each day for some time prevlounly, am
the diminution In tho activity of the mar
ket was visible In various other ways.
American stocks In Londou were quoted nt
considerable gains In price, nnd a better
feeling in financial circles appeared to
vnll In London nnd on the Karo peon
tlnenr. The covering movement on the
part «'f operators f.»r the de, line In till*
market, ulil.il was a prominent feature of
purchases of stock* for foregn neronnt
than hns been witnessed hero for several
weeks. Hut townrd the cud of the day n
rather sharp fall strldonly occurred lu the
' e of Hrooklyn Rapid Transit stock, ami
forward impetus lu tho market seemed
to vanish. A g.-nernl derllm- In price* fol
lowed, which, although It left quotations
nt eonsidcrnbln net advance*, wiped a wav
the larger portion of the enrly rise. FI mil
>rlces wero not fnr from tho lowest.”—
Jlbert m L’lny.
Ware & Leland'a Dally Coffee Latter.
■jNow York, July 6.—The coffee mar
ket opened quiet ond unchanged,
keeping with the Kuropean cables, and
In spite of bullish rumors concerning
the valorization plan, the market eased
off ;i partial 5 points during the fore
noon In the absence of buying orders,
and at midday ttns net unchanged to
point!* lower under sales of no mote
than 4,1*011 bags. Kuropc jo-erned to be
offering a little coffee here, nnd there
was some further liquidation by locel
longs, while trade Interests seemed to
be the best buyers, which has been the
goneral character of the business for
eome days peat. According to repoits
circulating around the street, and said
authentic, Ui*- \ alorizHtion plan
with the clause fixing the exchange rate
passed the Brazilian finance committee
ast week and should have come to a
vote In congress on last Monday. At
the same time,If Investors could be cer
tain that the scheme would bo put Into
effect any time next winter, there would
undoubtedly be a big demand for coffee
contracts, as no matter what Its event
ual effect. It la believed that for
time valorization would successfully
advance the price. There was not much
feature to the news. Neither the Bra
zilian nor the European markets rs-
ported any change and receipts wero
about the same as recently or a little
under those figures.
Following Is given tbs opening and closing
quotations of tbs fitw York coflco market
Opening.
January 6J64.g
KEffT..::::::::::::::::: tgg
June S.90-7JW
July J*WA»
Heptetnber
aw-::::::::::::::::
®SSlSr,MVL-iuuir»Sr B
SPOT COFFEE MARKET.
if Private Leased Wire.
New York, July 6.—Coffee No. 7 Rio TJL
COTTON SEED OIL MARKET.
New York, July 6.—The market for cotton
_ *ed oil opened very quiet with traders
showing little disposition to do business
ray. Prices were firmer, bowercr,
P ractical dosing of the July deal
lie absence of liquidation fu this
month, ft is estimated that July dcllv**rl*v*
will aggregate a boot W.000 barrel*. It was
reported that wmm of this oil will go for
export, iMit private houses reported that
considerable will go Into store. Tho market
the close ws* quiet with price* He lower
He higher.—ware k ‘Ie*u«nd.
tW»rtra» wlil b« tantii
t>l(b*r.
GIBERT & CLAY
1 *■ ALABAMA .T.
STOCKS. BONOS.
COTTON. CRAIN.
corrsc. provisions
MCMBCSSi
ATLANTA. OA.
if _ n t M i
New Exchange INew Orleans rotton Kx<“hange.fChlesgo BosNlef Trad*.
v ^ Exchange. Neir Orleans Btork Kx<*hsn^- iLlverpool Lottoo AMoelstlon
- vw \ork Coffee I’achsoge jXeiv Orl»an* B
Ktoek Exchange.!Liven
r.X'.hsoge Ori**ana Board of Trirae jGalrei
• __ , . . Private Wises to all Exchs
*■««•! a«S Ling DliUnta T.I.phcn. 529*.
Otto* EzrUngs
VS R. FAGAN. Msnsgor.
November » w-°3
December 31*4
Hales, lCrt Hcpteinler at 3v . ,«*,
at nnd 199 December at £.
Close.
THE DRY GOOD8 MARKET.
wss very quiet. No champ * occurred lu
price* of feuding Unes. Bleached
were falrir active and stronger, print cloths
te iiots wide and ).am*w - r.*ok ..u
more movement and firs: hinds expert a
brisk period of buying for fatnre wants
during the n?xt 69 days.
Aninlgamated Copper
Atlantic Coast Line
American Sugar Refilling
Anaconda
American Locomotive
do preferred
American Smelling Refining
do preferred.... *..»s*.* *•■•**••
Atchison
do preferred
American Cotton Oil.........
lbiltlnioro and Ohio
Brooklyn ltnpbl Transit
t'nuadlan l*a« Iflc
Chicago and Northwestern
Chesapeake and Ohio
Colorado Fuel nud Iron,.,,,,..,
Centra I Leather
do preferred
Chicago ami Great Western
Chleago. Milwaukee nnd St. l’aul
Delaware nnd Hudson,;... I
Distiller's Securities.......
Gener
Illinois
Arnsrui
Louisville and Nashville.,
Mexican Central
Missouri Pacific
New York. Ontario and AVeatern
National Lead
Northern Pacific
New' York Central
Norfolk and Western,
Pennsylvania
People’s Ghh..
Pressed Steel Ca r..
do. itrefnrrad....
Pacific Mnll
Heading
Republic Steel
Rock Island
. do. preferred.
United State* Rubber..*
. do preferred
Southern Pacific
Southern Railway
do. preferred.,...,,
Slo*M Sheffield
Teunesaee Coal and Iron
Texas nnd PacItlc.....*.«*p^^HBB^^mHiBHBm
Union Pacific
United States Steel......
dn. preferred..,..,.
Vlrginla-CarolIna Chemical
do. preferred
toil
1S8V* 1W
66H &6U| OMi
sS p
.... | 100 100
16<s. 16%| 1GA 4 1«4
199HI 17SS ITMhi 17)4
JOHsI 213 | 81^8 JttiC
do. preferrotl!...,
WlseonsJix Central..,
do. preferred
Total Bales of stocks today, 706,600 shares.
RANGE OF THE COTTON MARKET
AT NEW YORK.
The following Is the range la cottou
futures la Now York todav:
teisf Previous
— . Open. High. Low. Sale. Close. Close.
July .10.21 10.25 10.20 10.24 10.23-24 10.M-23
Aug. .10.31 10.36 ia3l 10.34 10.53 34 10.33-3J
Sept .10.35 10.88 10.34 10(186 10.8346 10.32-33
Oct. .10.31 10.36 JO.31 10.33 10.33-34 10.JO-31
Dee' .io.86 ibljo io.34 iKsi io.Sj?
Jan. .10.89 10.44 10.39 10.41 10.40-41 10.37-38
Feb ..... 18.41-43 10.3S-40
Mch. .10.48 10.52 10.47 1X48 10.48-49 10.46-47
Closed quiet nud steady.
AT NEW ORLEANS,
The following Is tbe rango la cotton
futures lo Now Orloaus today:
Last -Previous
Open. High. Low, Hale. Close. Close.
July .11.19 II.lb 11.13 11.13 11.12-14 11.18-19
Aug. .10.83 10.65 10.6.3 10.63 10.62-63 10.6162
Hept .10.42 10.43 10.42 10.43 io.40-42 10.28-40
Oct. .10.W 10,29 10.25 10.2(1 i).2»: 27 10.24-28
Nor. 10.27-28 10.28-29
Dec. .10.28 10.32 10.28 10.30 10.M-80 10.57-28
Jan. .10.35 10.85 10.85 10.36 10.18-M 10.33-14
Feb.
"lob.
Closed dull but steady.
TIPS FLASHED
From. Wall Street
Private Wire to Glbert & Clay.
Now York, July 0.—Daniel Odoll & Co.:
PurcliaHes on n further reactInu will, we
believe, give at least reasonable turns to
dally traders. Tho Individual positions
hnve to bo followed very carefully. Drives
tendency toward
cgular
■Ur UQM. The raid JUPWBBP
speech Thursday afternoon wns not really
caused by tho nddress, which wns more of
Earnings Great Northern system: Month
of June 34.673.832; Increase Fiscal
year 352,259,691; Increase 98,826.656.
There Is evidently a largo short Interest
In the stock uinrkot. On every little break
anxious buyers appear aud there Is alBo
some goini buying going on. Think wo
shpuld nave a rally at least.
Marshall, 8pader A Co.: ”We ore In
clined to look for steadiness In tha gen
eral market, because we bellero the foccea
working for rniifldcnrc are much greater
than suggest bins of remote trouble nt ~
It la aabl that the Iron oh* deal between
the Great Northern preferred and Steal
-porntloii haa boon completed. This Is
....i(nubtcdl)’ tbe cause of the strength In
Great Northern and Northern Pacific.
One million five hundred thousand dollars
reported transferred from Hsn Francisco
-V Now York.
The tone of tbe market has Improved,
and white some disquieting news from
abroad has appeared la the morning newt
columns, wo bailer# the market Is bring
quietly supported by a good class of buying.
Private Wire to Wars ft I/!and.
New York, July f.-lgmdon dull at
H off on Americans. Genera! market rather
heavy. Although railroad earnings at well
as Industrials contlun# to reflect Increases,
with prospects for easier money conditions
nnd a favorable bank statement there Is
very little accession of buying power that
can bo called good. Hunting out vulnerable
stocks by bear*, who sell them with free
dom while not hesitating In attacking Popo-
rlvnnla. Rending. Hr. Paul nn«l other
iork* when bid op rather dampen* bullish
enthusiasm nnd strength develops only
when oversold conditions appear. Irregular-
Itj la likely to pr.-vall, but from Ibo praa-
■mt outlook low*r prloea or. furore,I tbat
tatani * bNtr cMMlmwIlt not uie. t with
id orb rralatatu-*. <>■ aharp decllora, bow-
crer. woubl faror takliiK on tb. «oo.l
onea and atronu aupport mnj bo rxported
In steel# and copper#.
Stocks hnve been well taken past few
day*. Do not believe, however, will have
oni naUlord Improvement In prim, na
Ibr market la loo narrow, and would noil
on any advance.
Summary of yesterday's stock market bv
sow, Jones A Co.: American stocks lo
London dub Vfc to »* beluw pnrlty.
General London market rather heavy.
United States Rubber declares regular
dividends on first nnd second proferred.
rnlngs of all railroads for past
a sod 3250,(8)0,000.
Clover Leaf earnings for fiscal year ex*
peered to ahotv equal to 3.83 per cent ou
preferred.
Moro demand for stocks In loan crowd.
United States Rubber not earning!
June quarter 1972,uX», as compared with
3968,761 last year.
Sixteen roads for the fourth week June
show an averago gross Increase of 1161
per cent.
_ rln City Rapid Transit common and
preferred rights expire today.
Twelve Industrials declined .06 per cent
NOTES ON GRAIN
Pointers on Provisions.
Prlrote 3Vlre to Glbert & CIny.
<’h ,, ng*». .1 ui> • Wlu-.it o|ieiu*
easier under further pressure of «•
hedging sale* for larger houses,
acceptance* were again largo
wheat stocks docronsod 100,000. 1
dltlons rery bearish.
Our crop e:
Irca: “Data t
fair. Weathe
pert from Huron, 8.
nd barley looking fine. Wheat
favorable,**
to Ware A Lelnnd.
er-Oci-nu: l'urcbnscs
Thuraikv to arrive
.,,3
Private WI
Chicago 1
winter wheat Thursday to urrlvu In 15 to
6d dnys. exceeded 750,t00 buslifl* by Chi
caiio elevator people. The wheat win
bought on blda sent out Tuesday, coverlii
llie Mtates of liidlniri. 1DIn<»IMl-vim
Kansfl*. Elevator men were slow to give
nit tho business, knowing that It might
lenress values for September qud in
hedging idle* more difficult. Flue went
for harvesting and moving the crop \
tho chief motive for the soiling. l*art
the wheat was bought on the bool* of Vfcc
over September for No. 2 red to arrive,
with some at *40 over. For No. 2 hard
lty«* under September was paid. For spot
w In- it m'V-im "i 1 ' 1 p:dtl 1‘lie IoimIii
•t'erdiij tt I'- l * I • * i-if III severiil > • •. i
King, of Toledo, wired the Mlanurl n
report late last night. “Average yb Id of
wheat per sere 14 bushels: cron 3i.(W0.r
last year 80.00X000. t'oruIUion June 77; 9J
"ior cent harvested by June 30. gunllty
H M; June 76; last August
discovered on
at Wllllatnn. which b .
Experts say that
53: Jun<> v.*„
Him k rust ha
burberry bash<'H
northwest North Dakota,
black rust spore* can bo
bushes every year, ami they will develop
with unfavorable weather.
Mr. Case, of tho Wlinllon Case Company,
wired from Mlunen|ioiis: "ws sent n rust
1 P< 1 > out about a tt.-i k ig" lb Ind
Jots of experleueo two years ago. He re-
turneil today and says there Ts less red
rust than a year ago aud 110 black rust
iif nil."
‘The present position of wheat prices at
tbe time when the new crop Is about to
per bushel may hardly prove aresntab
Shipping business lit wheat yesterday 1
25,000 IhibTicIm No. 2 haul nt 5c under 1
rove acceptable.
wns
t Sep
tember In store. Hales of com were 100/»J
bushels und oats 100,000 bushels.
At the seaboard exporters sold 88.000 bush'
els mostly Manitoba, largely for export.
Including 24,000 bushels nt Baltimore, cioseij
late Tuesday. Charters were made foi
10X003 bushels corn nt l»sc M Buffalo.
Deliveries ou Jtdy trade* ycHterday were
6O.000 wheat. 140,000 ™>ro nnd 25') harrelt
pork and 260 tierces lard.
EXPORTS OF WHEAT AND CORN.
Chicago. July 6.—Exports of wheat. In-
ludlng flour, for the week, according to
Itrndsfreot, are 1,386,843 bushels, against
WCXOM last week sml 1.060,000 Inst year.
Exports of corn 691,600 bushels, against
i.\|->iin vi mni ■iiii,iii-|b i iik.
879,0(W lost week and 933,000 last year.
MODERN MILLER'8 CROP REPORT.
MONEY AND EXCHANGE.
By Private Leased Wire.
New York—Jnly 6b—Mont,
Sterling exchange 84.82^
INTERIOR MOVEMENT OF COTTON
New Orleans, July 6.—Interior movement
old towus: Receipts 4,761. against 22,176 last
T0I11I in'iri-m.nt for thlrlr town.: 11^
rrlnt, ’ *.UI. ,.*ln,t 42.010 l««t vnnr.
Shlpmenl, 21.721, •Enlnst lAMi In.t roor.
Htack, JWI.SM, *(rtu,t HI,*; U,t j«r.
SOUTHERN EXCHANGE
Oldest Established Office South.
COTTON- STOCKS BONOS GRAIN
around Floor Oould nulldlng. Dslly
mnrkct letter and market manual
mailed on nppll'-otlon.
LJ. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, GRAIN
Corrsspondent's Capital $250,000
acrcvtcNce. the neal bank
PHONE I4IT. PRUDENTIAL. BLDG
las rwft. Oflttm.
COTTOrVG^m.^RO^IstSNsS^CKSa BONDS,
Ho. 2 Wall St.. Ptltn BuiHiag. Allaala. Ca.
MIHBCHS:
few York Catlea fidaiir.
Haw Orleaat Callaa Itckangt.
llverpoai Catlaa Auodatlai.
hltata Wlrtt la Haw York, Haw Orleaat. Cbltago.
gall Fbaae 120.
Chicago Baard of Trade.
Chicago Stock Cickange.
Hew iark CoHee fickaa^e.
P<
clpai when! raising
lowing cobdflldna: E^ ...
millers report the wheat yield
I'l II I I » • I I *4 I II mill) i« u I.
generally lietter than last year, and many
say best In years. A large movement Is
looked for will) favorable weather. Fann
er* will regulate tales by tho price nt
market*. Much of n decline In price will
shut off farmers* deliveries. In Texas, tho
\b-ld U In'btw \ | !«•• • I it f b>|,H, and tin- . j • i;. 111 v
of tho groin only fair, nnd farmers ore
selling from the thresher. In NebrnHkn a ml
Mlchlgnii. the crop I* smaller than last
year, tboogb larger than wns expected for
TONE IN WHEAT
CONTINUES EAST
WEATHER IS FINE IN THE
WHEAT BELT.
Receipts Liberal in Northwest.
Cables Reported a
Steady Tone.
i! pmfessinn-
out nddltion-
They
Ily Private Leased Wire.
Chicago. July 6,-The all
a Is in wheat refused to p
n! short lines following a Gc breal
figure thnt with sales of thirty l
240,000 bushels for export, a reaction nnd
advance from bottom prices Is due. Thera
wry.- I.irge sale* of the new crop by tha
country, and ft Is wheat tbat will move as
rapidly as It can ha loaded Into ears.
Prices closed 4ftSc lower for the day.
Corn was tame and showed losses of
kov.
Oats were off 8if»4c and provisions wera
unsettled. July pork was up 2<V, but all
lse 6«fJV lower.
No. 3 rod strong and 4*f!e over fleptem-
•er. Clearances were '1.906,600 wheat and
91,000 corn, compared with 1,060,000 and 932,-
tWX respectively, a year ago.
Primary receipts of wheat 47<?.twi fl nd
corn 777.000, compared with 273,000 nnd
713,000, respectively, • yasr ios, . 'JJ
Clearances were 555,0)0 wheat, 178,'Td
corn and 4,000 oats.
CHICAGO GRAIN MARKET.
Tho Chicago grain market ranged as fal
low s today
WIIKAT--
July. .. 79H
Kept. .. 704
Dec. , . 81
CORN—
July. ..
Hept.
I tec
OATS—
July. ..
Rapt. ..
Open, High. Low. Cloaa. Close.
7SS
t:: 89- 5P
. 49*4 4»H
m »
36 96 soy*
riiitx- *
July. , . 17.76 i
Hept. . . 17.20 17.96 16.96
Jnn. . . 14.90 14.80 11.99
LARD-
July. . . 8.90 t.M 8.824
Hept. .. 9.024 0.07H 1.974
MJi
61*1
r.ivi
Mt,
r.|Al
49%
49 Vi
SIVA
17.10
1; •»
1180
17.85
17.15
14.90
9-30
Cash Wheat: No. 2 red new
lo 797780; No. 2 hard winter 7k
3 do T.VfiTP; No. 1 northern si
No. 2 do 82<083; No. 3 spring
CHICAGO CAR LOTS.
Today. Tomorrow,
LIVERPOOL GRAIN MARKET.
THE 8UGAR MARKET.
ugar market today was firm
THE LIVE 8T0CK MARKET.
By Private Looted Wire.
CM corn. Jnly I.—Hogs— Receipt* briny
19,(so Market slow to 6c lower ilinn yes
terday; quality fair: left over 13,629; bulk
I'l (.'/(1O.75; estlimitei| for tomorrow 1L000:
light 86.364(6 IS; mixed f4.36e6.99; heavy JAM
^6.80; rough |0.2utI6.85; pigs 35.6*^36.60:
f 1 ’ >
Cattle —Receipts 3.6M.
quality p»M>r; l»cevua 841
4.(7); heifer* ZjvfcpA calves 8&4MS
Market strong:
yearling* \
era J5fc7.35.
Wheat opened to U l#W
4. lower to 4 higher; close!
whar.
Corn opened unchanged to
p. ui.. 4 lower to 4 Light
changed to V9 lower.
cio«4
PRIMARY MOVEMENT.
The following flgitn
Corn—Receipts today 777,000 bt
against 733,000 Inst year. Hhlpmenta 401,000,
ngalnst 645,0» Inst year.
NORTHWEST CARE.
northwest |
Last t
Today. Week. Ye
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.
C. Erwin. Asst. Cashier.
IL W. fcyers, As»t.
(i. n .
Joseph A. McCord,
Third National Bank
Capital
Surplus
$200,000.00.
$300,000.00.
Dr. A. W. Calhoun.
. Milton Dargnn.
John W. Grant,
f. McCord. .
DIRECTORS:
Frank Hawkins.
H. M. Atkinson.
Joseph A. McCord.
PIEDMONT BROKERAGE CO.,
(Incorporated.) Basamant Floor Piadmont Hotal.
STOCKS, BONOS. GRAIN. PROVISION*. INVC9TMKNT9,
Fast Wira Eerviea from Naw York, Naw Orisons, Chicago.
CORRESPONDENTS
H. J. SAGE A CO. 42 BROADWAY. NEW YORK.
tDW. HOTIf. Manager local aadlaag Dit'aeceBefl Fboae 1391.
W2L L. PEEL, President.
ROBT. P. MADDOX. Vlee-Pi
MADD0X-RUCKER BANKING CO.
CAPITAL $200,090.00
SURPLUS AND PROFITS .... $500,000.00
ACCOUNT* INVITCO
We invite accounts of individuals, corporations, banks
and bankers and offer the best terms consistent with
conservathe banking.
In our Raving* Department we allow Interest at the Rate of 3 i-2 per
cent. Co!n|H>untled Semi-Annually.