The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1910-06-12
WALL STREET REVIEW.

WALL STREET REVIEW.
New York, June 11.-Opening prices OF
stocks to-day declined sharply on light
volume Of dealings. Practically all Of the
r, most os active active issues showed Losses Of q
western pfd declined 2. Canadian Paciac
/ Ia, St: PAUL. as, and Missouri Paciic
uous exception to the general trend. sell
ing at a rebound OF ? "a from yesterdays
Additional severe losses were made af-
ter the opening; American Sugar fell |
sIs; Rock Island IL. Chesapeake end
and western i "a. A rebound Of i Ia
mated Copper and American Smelling
grew listfess after the general list had
rallied fraction and there was another
neht and the eePes ss rallied fse
en and IN quiet na
the latter market. That stock ran on
points and Western Union IA. Cover
Ing by the shorts rallied Chesapeake and
BANK STATEMENT.
New York, June 1.-THE statement Of
she ssi hSs'S a 1sski ho ss.
cent reserve rule TSis e an in es Poi q
serve, as compared with last week. This
Loans. si.isa. 10. 800; decrease. $751;
u Deposits. .1.1s4. s7s. 800: decrease. So
Circulation, 1882. 400; increase. $751;
o00
.- Legal gal tenders. sss,s4s.loO; increase.
specie. s2so, 52s. 900; increase. s1.os1, 800.
Reserve, 1919, 1853, 900; increase. s1.sa1,-
Reserve required, s2ss. oss. 225; decrease
Surplus. s2s, oss. IT'S; increase, ss.sss. $50.
Ex.U: g. deposits, $423,521, 200; increase,
NEW YORK FUTURES.
New York, June 1.-THE cotton mar
ket opened steady at a decline of 4 70 .
points in response to lower cables, better
weather. advlces and realizing for over
the-week end. Trading was moderately
active, and while there was consider
able selling, offerings were well abs9rbed
co 1VG on the strong Statistical posi-.
ton and further scattering complaints OF
wet weather and low temperatures for
Offerings became heavier. in the Lass
hour and the market closed barely steady
with prices net II to II points lower Welt,
middlinx upisnds. i5,ao; middlins saif
1916 No sales.
NEW ORLEANS FUTURES.
New Orleans. June 1.-THE cotton
futures market opened with dullnest
up ' caracter for over the week end Tha
oldcrop months were more neglected than
usual, and in the absence of support and
Ii points in the first half hour of trading.
The new crops were also rather weak IN
spite of continued rain in the cotton
early trading News from the country
was bullish in tone, which prevented ag-
gressive selling from the short side.
IL koN
in evidence at any time during the short
Saturday session. The urgent short COW.
ering that wa. was a feature Of the market
scalping longs who did not want to carry
suited in Forcing priees down to ne
decline of II to II points on the old crops
and II to y points on the new by ths
until noon the ring was dull and the
trading had no features. Some rain was
promised ! nthe cotton belt over Sunday,
closing was barely steady at a net de-
cline of II to 81 points on the old crops
and II points on the new.
NEW ORLEANS SPOTS.
New Orleans, June 11.-Spot cotton
quiet unehanEed sales on the spot 1$s
good ordinary. is 1915; strict good or.
s slnsfy low m Ss 10y s nadn Idans i5a
strict middiing, Is 3-1s; good middifng, Is
3-S; strict good niddling, 10 s-16; mid
IS 1-16o; fair, IS It's nominal.
Receipts, 913; stock, 72,944.
GRAIN AND PROVISIONS.
Chicago, June 11.-Surprisingly large
yields of wheat in the Texas harvest
fields were reported to-day and at the
same time there were generous sales of
fiuentIai Houses The offerings Of the
new crop in the southwest were said to
exceed the demand. Notice of an ad-
cago, beginning July. l, had likewise q
bearish effect. The rise is the largest IN
ten years and Is equal TO &c a bushei for
three months. Pit traders and scattered
buyers. The opening was a shade to IL
TO 5-8c lower, with September covering
the whole range. at 80 IA to 3-sc. The
option declined further TO 80 TO 1-sc and
reacted to 30 lac. July kept equal pace,
selling down to 90 So and rallying lac,
Warmer weather forecasts led to con-
was rather poor. September opened Ip ia
clined to So 7-sc.
Oats were active. but went lower with
other grain. September started a shade
TO 1-sc off at 35 Is to IA to IS 1-4c and
eased away to 35c.
A big run run Of hogs west made pro;
1-2c lower and there were some furthei
recessions. First prices for the Septem-
Der delivery were 21.S5 for pork. 1921 IL
Free farm land several
hundred or several thousand
miles away sounds good, but.
all things considered, Es-
-1:- n1n