Atlanta Georgian and news. (Atlanta, Ga.) 1907-1912, July 06, 1907, Image 19
THE ATLANTA GEORGIAN AND NEWS.
dATUIlDAY. TVLY «. 1987.
19
trading small
After Slight Decline Buying
By Clique Brokers Ad
vanced Prices.
TEX. LACKS MOISTURE
Held Prices Steady the Close
Being Unchanged to 4
Points Lower.
v or |s, July In response to slightly
sioDDoIntls* cables, the cotton market
JJ2S5 unchanged to 3 points lower. Clique
"nSness was dull ', B "V' 0 .”'
tnid.RPMlon of several points was lost, the
“mc Mur steady net unchanged to 4 points
lower 11s compared with Friday s finals.
Comparative receipts at all tj. S. ports:
v»t receipts Saturday. July 6 2,070
Ponte day last year 2.H7
Decrease
iiit i mat
Estimated receipts Monday:
..9,775.471*
7,764,861
2,011,116
>Vw Orleans..
Galveston ....
Houston
1907. 1906.
1,300 to 1.600 660
AAA to < RAA KOrt
400 to MO
600 to 600
'Movement' nt Atlanta:
Receipts Saturday. July 6.
Same time last year *
Decrease l
Shipments Saturday, July 6 » None
Shine time Inst year 90
Decrease •.;•••• . J3
Stock on hand Saturday, July 6........ 4,200
Same day Inst year.
Increase
..Non*?
2M
SPOT COTTON MARKETS.
Liverpool, quiet; middling: uplands 7.80d.
Atlnntn. sternly; middling 13ft.
Now York, quiet; middling 18.60.
Now Orleans, nominal: middling 13%.
Augusts, steady: mlddttuff 13%.
Savannah, steady; middling 12%.
Memphis, steady; middling 13c.
Galveston. firm: middling 13%.
Charleston. nominal.
Wilmington, nominal: middling lift.
Norfolk, firm; middling 13%.
St. Louis, steady; middling 13c.
Boston, steady; middling lftSO.
Baltimore, nominal; middling 13%.
Philadelphia, steady; middling 13.75.
Mobile. Ann; middling 12%.
Houston, steady: middling 13%.
Cincinnati, nominal. -
Louisville, steady; middling 12%.
TODAY'S PORT RECEIPTS.
The following table shows receipts at tha
NEWS AND GOSSIP
of the Fleecy Staple.
Special to Tha Georgian.
Vick * Clark.)
T.-fJ* T 0 ™. Jul J ®--J- 8. Bacha i Co.:
Oncn£?°n 2“ P°l“<a lower.
2U 11 *? quiet, 6 down; closed steady net 214
g-MioSS W a!
nSSS!? opened steady, with small
b :„ “? August np after cal. .....
riln.fh?. *? *?*•,? m °utha. Texas weather
s*H° rab # t0 * >u *• 00 disposition to
H '*f r * n f r , r . 0 ^ tradln ST. with less dlsposl-
**2|" t0 than yesterday. Any heavy
Rr SR »{, ther Y. ay T°]* ld cnange it sharp.
Y* "JJ cou tinned dry weather In Texas
Is attracting more attention.
“4. *•, the statistical position of
jYlday. July 5 as made up by
\ork Financial Chronicle:
Week.
tar
The New
Last
Year.
2,848,261
MSB
48,1M 0,616)
12,087,20 lO.to.17S
248,222 272,937
21,060 25.068
42,860 SB
lUfl W:.
42.42$ 19,675
188,463 156,428
Following la tha Liverpool cotton state-
Thl^
Vlilble supply .. 2,439,626*
American 1,126, C8
In tight, week.. 62,139
,lnce Sept 1...12,089,340
si: .hTpiTent;::
Interior stocks..
Now Orleans
Gnlveston. ......
Mobile . .
Knrnnnah. . . . . »
Charleston
Wilmington
2870
*280
nor
INTERIOR RECEIPTS.
The following table shows receipts at the
Interior towns today, compared with the
mine day lust year:
1997
1906
Houston. . . . . . , ;
863
611
Augimfn
207
31
Memphis .
St. l.otj|*
$
$
Cincinnati
147
162
Total "
1343
HAYWARD. VICK & CLARK'S
DAILY COTTON LETTER.
New York, July 6.-^J. S’. Racho ft Co.:
The trading was small, but prices milled
*»mewhnt from the opening. Liverpool was
wier mul the liquidation In the English
market brought lower prices on tho calf
Liter Jnnuary and October were bid up'b
room shorts. This brought some buying
«rmn the South sml support from the bull
ellque. The forecast wa* for favorable
weather over Sunday with no rain In Texaa,
where It is most needed. This one fact la a
strong feature of the situation. The atraenee
or moisture in parts of Texaa may girt the
market another !*oost If the dry weather
eentinnes. The market became nervous
uter on receipt of wheat telegrams and some
We look for better
went for tot week ending July 6
*or export
For speculation
Forwarded
Total stocks
Of which American
Actual exports
Weok’s receipts «...
Of which Amerlcsh ........
Smca September 1
2/ which American ........£785,’i.__
Stocks nfloat 97,000
Of which American 69,000
New Orleans, July 6.-II«ywsrd. Vick ft
Clark: Nothing in weather prospect to sap.
port market. Yet, If It breaks again today,
jfould start buying down for a scalp on
Pnrtl f v cloudy In northwest Texaa and
e of |
P In i __
It Is spotted and fifteen days late.
)ery good around VVictoria and Beevllle.
It Is awfully poor around Elgin. Austria to
New Braunfels not much If any better than
north Texas. New Braunfels to San An
tonio It Is good, but nil late. I have not
seen an early crop nor n uniform crop.
Even where ft is best It is extremely spot
ted. Today starts out like a scorcher.
Jackson, Miss.: “Party canvassing this
•tflte for a political office states that the
cron In Mississippi has Improved wonder
fully since the cessation of the rainy spell
He Is nn experienced former, and says,
while the cron Is n month lets, with a
late fall, Mississippi would make nn aver
age crop. Fields clean, stands much bet-
ter than expected, plant healthier and
growing nicely.**
Washington county. Mississippi: “Crop
In this section worst in fifteen years. 1
have 1,000 acres In cotton. 90 per cent of
which was planted twice. 65 per cent
r limited three times. On 200 acres, the stand
s about 5 Inches high and looks red. The
other 800 acres have fair stands, but noth
ing like what they should be nt this
tltno of the year. With an exceptional
season, we may equal 65 per cent of last
year. Everything considered, do not think
Mississippi will make 1.250,000.”
ATLANTA MARKETS.
wV. fifi&ST’ti
prices, especially so All
not occur In Texas i
U ' ,n J .
Sunday.
HESTER’S WEEKLY
COTTON STATEMENT
Secretary Heater's statement of the
movement of cotton for tho week end-
Ing July 6, It n* follower
Movement Into eight, compared with
tho seven days ending this date last
year In round figures of 14,000, a de
crease under the same days year be
fore last of 43,000, and an Increase the
«»me time | n 1304 of 18,000.
, For the live days of July the totals
snow tt decrease under laat year of
“.W, a decrease under the same pe
riod year before last of 87,000, and an
'."'"“•e over the same time In 1904 of
13,000.
for the five days of July that
"? Vf elapsed the aggregate Is ahead of
the 308 days of laat year 2,448,000,
ohcad of the same days year before
ft',* ».000. and ahead of 1904 by 8.-
The amount brought Into sight dur-
the past week haa been 82.827
gainst 48,146 for the «even days
fh'Hng this date last year, 78,668 year
before lost and 16,924 same time In
L 904 - *nd for the five days of July It
5“ b ««n 42.244, against 28,788 last
7*» r , 109,261 year before last and
same time In 1904.
1 be movement since September l
•hows receipts at all United States
wrts 6,772.409. against T.781.8I4 last
Z?B •.•44,190 year before last and
...05,0*2 same time In 1904. Overland
wross the Mississippi, Ohio and Poto-
htsc rivers to Northern mills and Call-
against 961,836 last year,
J0S3.022 year before last and 211,218
•ame time In 1904: interior stocks In
•kcess of those held at the close of the
commercial year, 54,964, against 86,462
£*' Mar, 182,668 year before last, and
'3.450 seme time In 1304; Southern
“hi* takings. 2,228,000, against 2,104,-
FRUIT AND PRODUCE.
F.GGS— Active. 1701«e.
LIVE 1’Ori.TRY-lIcns, sctlve, 2333744;
chickens (fries), 1244422744c. Ducks, 1-ekln,
30c escb; puddle, 25c each. Turkeys dull,
10c per pound.
DRESSED TOULTRY—Turkeys, drawn,
sctlve, 18017c pound; fries, sctlve, 25030c
pound; bens, 14c pound; ducks, drawn,
"{•rfoDEcIs—llsrd, 12c pound; hams ac
tive ,16c pound: shoulders active lOOllt
pound; sides sctlve, lie pound; hotter dull-
lOUMtte pound; beeswax active, 25c pound:
hooey, bright, active, lie pound: honey la
1-pound blocks active, 1244c pound.
FRUITS—Lemoos, fancy Measena, 88.000
(5.25: liannnns per bnneb, culls active, 81.00;
corgis
VICGTAHI.ES—Totnaurns are sctlve andl
selling st tl.5001.73. 1'otutoes, now. 13.00
U^mT^^^^ilons, Eoulslans, J1.15
1.75 per crate; egg plsot, 4L2SQ1.75.
GROCERIES.
0544c; bead 607c; fancy heed
ling tn the grade.
Fancy full cream. 18 cents;
Georgia esne syrup 17 cents gallon; salt,
IQO-i «und. 60c; axle grease IL78; soda crack.
~-nd; lemon, 7e: oyster, 7c; bar-
pur pouud, 844c: mixed. p«i
Edited by
Joseph B. Lively
MARKETS
Mr. tweoty-flv#
year** •xparieuc* of **!•
Itlng marketi In Atlanta
and tb« South baa nad*
blm a rtcogolxed au
thority In bla apeclnlty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
HA MB OH STOCK.
Loop
00 Se*
per.
Am. Ico gecurltleo. ..
Am. KiiKnr Kefiuery. .
Auiorlnm RineltlDg. ..
Am. Locomotive. . • .
do. preferred. . • .
Anaconda. . . .
Atchison. ...»
do. preferred.
c.'h«*nn|n-i
( *!i 11:1 < 11:' l
Consolidated Gas. • .
Central Leather. . . v
do. preferred. . . .
Colorado Fuel ft Iron.
Corn Product*
Colorado Southern. . *.
Delaware ft Hudson. •
Denver ft Rio Qrandt.
Dlstlllera* Securities. .
Brie
do. preferred. . .»
General Electric. . . •
Great Western. ...»
Grant Northern pfd. ,.
Illinois Central. . . •
Interboro. .......
do. preferred. . . .
Kansas ft Texas. . . .
U|
134'/; 12574 184
£3
22
-9244
i
p
9344
9944
122**
2344 3314 33U
174" 1*6*'
NAME OF STOCK.
Kaunas Sc Texaa pfd, ,
I .-'uKvlll** sli Vlilt*.
Missouri 1'aclflc . • . ,
Mexican Central . . .
New York Central • , ,
North w **s t ■ • r 11
National Lend . . • . ,
Norfolk and Western. .
Northern Pacific . . . ,
Ontarlon & West
Pennsylvania
Pacific Mall ......
People's Gas Co. ... ,
Pressed Steel Car. . . ,
Bock Island
do. preferred . . ,
Repub. iron ft Steel .
do. pref. ......
Southern Pacific. • • .
Southern Hallway. . .
do. preferred . • .
St. Paul
Tenti. Coni aud Iron .
Te\:i« Pacific
Union Paclfio . . • • .
U. 8. Rubber. ......
do preferred . • «
U. S. Steel
do preferred . • « ,
Western Union . . •.
Wabash * .
do preferred . . • .
Wisconsin Central. . ,
do preferred . •.
-: ,u
iS;i
Sift
1344*
M
I
13444
V
TIPS FLASHED
From Wall Street
Total stock sales 367.800 abarea.
NEW YORK.
is the rai
ork today:
ranj;e in cotton fu*
Closed steady.
NOTES ON GRAIN.
Pointers on Provision*.
•ra'644c pound; lemon, 7e: oy.tor, 7c; bar-
rel cuDfiy. P«r pound. 614c: mlxM. pur
pound, 64c: fomnliwj, 2-pounO, 82,00 cs»»|
I-pound, 22.18: onvy beans 32.4): Lima beaut
Cc; bet matches n»r grow, afe; macaroni.
C'Al7.: ppuuil: anrdlnca, muaturd, J3J5 caav.
BIIUAb—Standard granulated, 6.20; New
r ayB»iB55JTftsaAft bunt lB
"1fhr«dd«l’"lblcultfs 1 wt"I^TralM ajta
t'l 25 cast: .nek grits, 96-pound bnga, 21-65
ojiat.ra, full weight 22 cTm; light weigh
21.10 cair; p»p»cr, 18c lb.; baking powdar «
onto; ted aalmcn. 25 cum; pink infmoo, 24.2.
runs* cocoa, 40c; chspoluts, 33; anuff, 1-lb.
Jar” 48cTroi.t b««f. 22.0 cat.,; corns! b«f.
22 60 cc: cataup, 21*0 caae; alrap, b.w Or
leant, 30c gnlton; corn, 80c gallon; Cuba
366 last yesr, 1,948,320 y«ir before, last
and 1,770.290 same tlm. In 1904.
For 108 days of the aeaion from
September 1 to date, 12,252,062, agslnat
10,808,488 laat year, 12,783.197, year be.
fore last, and 9,831,238 aame time In
1804. . , .
Foreign exports for the week have
been 14,808, agatnat 51,204 laat year,
making the total thus far for the aea-
■on 8.260 -17, against 8,215,275 laat
year, an l*-rea8e of 1,984,362.
Northern mllU’ takings and Canada
during the past »even days ahow an In.
creaa. of 2,886 as compared with the
correapondlng period laat year, and
their total takings since September 1
bsve Increased 180,646. The total tak
ings of American mllla. North, South
and Canada, thus far for the season,
have been 4.801.639, against 4.496,086
last year. Thase Include 2.283,383 by
Northern splnneru, against 2,188,176.
Stocks at the seaboard and tho 29
leading Southern Interior centers have
decreased during the week 30,601 bales,
against a decrease during the ooire-
aponding period last season of (4,438,
and are now 6,728 larger than at this
date In 1906.
Including stocks left over at porta
and Interior towns from the last crop
and the number of balee brought Into
eight thus far from the new crop, the
Supply to date Is 18,649.832, against 11.-
260,995 for t he " arTie period last year.
HAYWARD, VICK & CLARK,
cotton, .™«« ss:
OrlMLBt Cot to.- Exchaoga.
.:!^.T. ork Cotton Exchange.
hV n v ••Ion Cotton Exchange.
Uoaeton Cotton Exchange.
B" gsss fflJsai«a
cones MU
, _ New Tork and Chicago Correspondents.
* •. BACHE & CO„ AND BARTLETT, FRAZIER A CARRINUTwH.
PRIVATE WIRES TO AUL-PfliNIft
(From Haywai_.
Chicago, July ft—Bartlett, Frazier ft Car
rington: For the moment It looks •• though
wheat was high euough. but ao many fac
tors are to be considered that we unaoubt*
edly will have a uervous market for some
time yet.
— «rtii fl ntis>«rii_, M w w „,
i get warm, favors-
) next two months
.... , .dll decline.
We are still getting some complaint!
_bout tho oata crop, but nothing definite
can bo nscertnlnod until harvest.
Hogs largely under the estimate, and tt
Is possible we will see an advance In prices.
Chicago Record Herald: Output of
tho Minneapolis flour mills decreased
80,205 barrels last year, according to
Northwestern Millers estimate os
wired to -Logan ft Bryan. Tho qu.n-
tlty of flour turned out was 224.965
barrels, against 190,390 In 1106. The
output of late has boon larger than laat
year. All th. mills trill bo Idle
throughout Thursday, and some
those now In operation may not start
until the following Monday. Sales of
flour by Minneapoll* mill, were, as a
rule, less than ths quantity made. Ship
ping directions come In only at a mod
erate rate. Conditions have been com
paratively favorable for growing wheat
during the week. The weather has
been bright and wheat has made good
progress. At the same time the fact
Is that seeding was two to three weeks
late, and this Is to Its disadvantage.
The Red River volley in tho north Is
In prime condition. In western North
Dakota tho crop seems a little spotted,
th. plant In placea being thin on the
ground and weedy. In brief, tho north-
weat crop Is not overpromlslng; a crop
of fair proportions Is about th. beat
that can be looked for.
One of Held men of the International
Harvester Company in this state re
ports oats crop damaged 50 per cent,
The Rumsey ft Co. traveling man re-
ported from Wateska that damage was
20 to 20 per cent „
Minneapolis wired: "Cash wheat de
mand here Is very poor. The lower
grades ore almost unsalable. Moat of
that class wheat on tables today la still
unsold.” . \
Editor Thornton, of The Duluth Dal,
|y Commercial nnd a recognized au
thority on northwestom crop statis
tics, estimates that the eprlng wheat
acreage there will be 15 per cent and
the durum area slightly less than lost
year.
SPINNERS’ TAKINGS
AMERICAN COTTON
Secretary Hester gives the takings
of American cotton by the spinners of
the world as follows In round num-
ben:
This week 172,000 this year, against
189,000 lost year, 180,000 year before
||lt.
Total »lnce September 1, this year
11.990.000. against 10,822,000 last year
and 11,177.000 the year before.
Of this Northern spinners and Cana
da took 2,509,000 bales this year,
against 2,122.000 last year and 2.118,000
the year before; Southern spinners
2.191.000, against 2,168,000 lost year
and 1,988,000 the year before, and for
eign (pinners 7,118,000. against 8,816,-
000 last year and 6,878,000 the year
before,
LIVBRPPOOL.
Following figures (Ire tbe opening range
and close, compared with yesterday:
Futures opened ateadr.
Opening Frerlona
- KaACo. Cloee. Close.
July 6.92 -6.91% 6.94 ft99%
July*August 6.92 -6.90 6.92% 6.98
Aaguet-September.. 6.82 -6.61 6.83 6.81
September-October 6.71 -6.78 6.74 6.78%
October-November. 6.62 -6.64% 6.68% 6.68%
November-Dee 6.61 -6.62 6.62 0.64%
December-January. 6.66 4.0 6.60 6.68
Janunry-February.. 6.S6 -6.66 6.0 6.61%
February-March.... t.S6%-ftVI 6.0 46U4
March-April 6.56 -6.0% 6.69% 6.62%
Aprll-^lay 6.57%-6.C0 6.60 6.63
Closed steady.
NEW ORLEANS.
The following le the range la cotton fu
tures In New Orleans today:
f
c
B\3 |3i
1
u
SF7T:
88h: 1;
Nov
Dec. . . .v.
Jan
Fab.. . . .
March. . ..
*2.35
ii.'io
K
12.41
12*0
13.86119.86118.35
’ll 4612.4012.44
12.88 12.88 12.88
12.89 12.34 12.87
12.46 12.41 12.0
ii'.soiiVeSoliilso
13.86-40
18.2043
12.80-82
1148-44
1136-37
12.42 43
i2.46-48
12.4d-42
1119-21
12.80-81
12.4142
1184-3B
12.40-41
12,0-46
12.50-62
Cloeed steady.
C8^8gg?JS ! .tssnjp ro "
PROVISIONS,
lOVISIONS—Supreme haroi. 15a; hrillH.
5 pounds avsrsge, 9.15; fat backs, fc;
„„,„cnie lard. »*: I'urlty compoumi, 8\;
California asms, 10c; dry salt axira MK
6.85. -
flour and orain.
JMfflrSSK& psk Kit te &
“ ; choke, white, 8pc: white feed, TV*;
.jiind RiK-kF, W*
. ctor feed, 11.16;
^ OATS—No. t white, 60c; No. 2 mixed. 69c;
Ooldeo wh,te dlPP«>. «CI fancy
per 96-pound sacks, 76c* 0
pound cncks, 7Te; plain, 20-pound saek,, 79c;
**i r iAV—Timothy, choice large bales, J1.40-
do“ choice small bales, lli; No. 1. ohS
third hales. KS: lfi/l onc tblnl bnlcu,
II —, ' ,, ,- ; ral.-lc II*rn.■■,!». <:
SHOBT* QWI white 3L60; Trim whit.
T __:o9; No. 2 per too. 221.00; hulls per ton!
FISH.
FISH—Bream 7c pound; snapper I6e
poand; troot tr pound; blue fl«h 7c pound;
1 pompano. y.r pound: mackerel, 12%e pound;
WHEAT AT OPENING
WAS SHARPLY LOWER
Pit Crowd Was Bearish—
Commission Houses
Picked Up Wheat.
Chicago, July 5.—Wheat closod 7-80
1 3-8c up. Corn was up 5-803-4C. Oats
gained 5-807-8C and provlslone 6@10c
better.
While there was some reaction from
bottom prices In wheat late, on a Paris
cable, saying that the crop outlook on
the continent was decidedly favorable,
the early loss** wero folly gnlflOiT 'X
great deal of pressure was to bs seen
In ths. wheat pit this morning. The
loonl professionals were astride of the
market and hammering In a. persistent
manner. Threshing returns now com
ing are better than looked for, and the
talent is Impressed with the Idea that ti
collection of bulls, or some one, have
been circulating reports of abnormally
poor yields, etc., In order to put the
market higher and furnish a dumping
ground for long wheat.
The trndC In corn was large and
prices well sustained, being helped
somewhat by tho strength and activity
In oats.
Oats led all other cereals In the mat.
ter of strength under persistent buying
by Patten broken In order to cover
ehort contracts.
Provisions were fairly active.
CHICAGO ORAIN MARKET.
Chicago grain and provision quotations
for today are as follows, compered with
yesterday's close:
Furious
Open. High. Low. Close. Close.
WEATHER REPORT.
WEATHER CONDITIONS.
Clear weather prernlls over the entire
country today, with high temperature* ex
cept In the Rocky Mountain diatrlcta.
The pressure Is low and flat east of the
Rockl?*, while an area of pressure cover*
the North Pacific states.
In the last 24 hours showers have occurred
In .Florida, Nebraska and northern Illinois.
Little or no rain has fallen In tho Cotton
bly Sunday, with continued high tempera
ture.
COTTON REGION BULLETIN.
meridian time, July ft
STATIONS
ATLANTA
DISTRICT.
fc a
TdiiiL 1 ®
i
S
JF
,1
fc.
D om-
I
B
1
B
B=t
RORIv—
B
S
July.. 16.90
Bent.. 16.50
1.AKD—
16.00
16.30
!I:S
1S:S
15.90
18.12*
tm
9.*09
i.N
Arnt
IS
fife: i:&*
8.50
1.70
I:Sh
0
im
LIVERPOOL GRAIN.
CHICAGO CAH LOTS.
Th. receipts of grain In car lots todsy
and estimated receipts for tomorrow are it
follows:
Wheat..
Corn.. .
Oats..
Today. Tomnr.
44 ' 37
tt? 316
8009 49000
COTTON SEED OIL MARKET.
65 066
July
September. . , ,
October
November.. . .
December. . . .
January. . . .
Closed sternly. _
Following were tho cotton ned
for ths opsnlBg end dose; 200 July at 46,
2no November at 4ML 10J December st 41V
Total sales 000 barrels,
ADVANCE IN COTTON *
CAUSES MUCH ANXIETY.
The New York •Commercial: The sharp
advance In cutfon has nronsed much anxiety
In the cotton yara market and the predic
tion made that 1 “—'—
an Impossibility
for considerable-' _ —
dors which they bawe booked for long dis
tant delivery. It Is said that quite a few
spinners are by no means covered on the
ordors they have tsl»fn. aud If they are
M J “il'BI market and pnr*
ipplles of colton with
^Atlanta, clear. . .
•phattaaooga, clear,
rolutnhus. cleat.,
Gslm-srllls, dear. . .
Greenville, dean «.. .
Griffin, clear
•Macon, clear... . ..
Mnntlrelln, clear, .
Nownan, clear. . , ,
Roms, riser
®i r .»'cl»
Tocroa, close. ....
West Point, clear.
J
1*1
equivalent to 12; New York, Auacoi
at 69%; balance of list %fj% higher.
There are a few exceptional declines.
Tbe sharp advance tn Amalgamated
abroad Is a reflection of what Mr. Rogers
stated in an ..Interview yesterday on bis
arrival. He Slolms that the supply is not
to the demand and looks for coattn-
just as good as ever, and the yeai
will show some amazing results.
Canadian Pacific. Steels. Amalgamated
Copper and Harrltnans probably will be
lenders, with Rending and Erie* well up.
Gould stocks are showing up well, and Tex
as Pacific* Is well liked.
New York Financial Bureau: Develop,
ments Indicate an Irregular stock market
during today's short aeiuilon, with an even
ing up of accounts both for domestic and
reactions art Amalgamates], AU «-
condn, Union nnd Southern Pacific. Atchison
and United States Steel. These insues bare
been bulled ttrongijr, and are in tha active
state, so to speak, with fluctuations of mo
ment In qnlck succession comparatively.
Wa are Inclined to the opinion that Read
ing nnd Smelters could both be pnt much
higher as specialties now, if It suits- the
pools In them, for they are In a atrong po
sition. On any recession in the general
list we are Inclined to the belief that they
will be among the first, with the Coppers,
to recover.
Town Topics: The enno with which thfc
market absorbs nil profit-taking offering*
Indicates that something more than a mere
driving In of the shorts In In the way of
accomplishment. Good stocks could not for.
ever sell on a 6C7 per cent Itasls. Tbe point
was ns to where the time had come when
holders of storks might with reason hope
to find n market for them with the public.
That they believe the time opportune for
attempting such n thing Is evident from the
tnod ami manner of recent mnnlpula-
■“* *■— rat out new
the ranrket
move* upward wirnont regard to weakened
technical position. Tbe panic Is. all out of
the market, and there Is ah army of l«*>k-
cm awaiting tbe big reaction In order to
buy. Wo do not think the market will go
up all at once, bnt do not believe there
will bo any material setback from these
figures. Underlying conditions are strong
and tbe foreign situation la clearing nicely,
ao that It la time now. In onr opinion,
to buy ^ood stocks on tbe soft spots, and
stay wit
Inter on. We are particularly
tho Copper, Hill and llarrlmnn
Paul, Atchison. Baltimore and
them for the handsome profits
obtainable later i |0bbhhb00hII6Iu
bullish on tho
stocks, Ht. Pa_.. —
Ohio, Pennsylvania. Louisville and Nnnii
rllle and Atlantic Const Line, while there
are probabilities of large Improvement la
Big Four, Panhandle. Knnsns City South
ern. Missouri. Kansan nnd Texan. Texas,
Colorado Southern. f>enver, Erie, Southern
railway. General Electric, Sugar, American
Locomotive, UopnhUc Steel. American Car
Foundry. Smelting and Lend.
The l*nnk statement outlook la decidedly
favorable, and we look for a strong mar-
* Cotton*!*■ going higher, and’we advise Its
figures.
Wheat Is not a buy
M'CULLOUGH BROTHERS'
FRUIT AND PRODUCE LETTER.
Atlanta. Ga., July ft—At present tbe mar
ket Is more or less congested with water-
.melons. Only the best sixes nnd varieties
are receiving attention at* the bunds of the
buvern at satisfactory values. The shipping
season Is now on In earnest and the Inm-
tlons are that value* from now on will l*e
-efficiently low to authorise a general and
’ ! ’•
Cantaloupes also quite plentiful. .How-
ever, the best grades^nre celling readily at
good prices.
Market continues badly overstocked on
nsh potatoes. It will no doubt take sev-
ral dnys to clean up the accumulated rent-
nantn sufficiently to authorize other ship-
% ments with the hope of being able to sell to
advantage.
-.'"nlmuin l.raparstars, .ro for 12-bonr
P*flod «n<llnc t ,. m„ tbl, date.
•DI6TBICT AVBHAQEI4.
CENTRAL
STATION.
AtlsnUr. .
Auznits, , ,
ChsrlMtoa.
OslTMton. .
Uttl. Rock.
Msmphla. . .
Mobil,
Uastfomorr. .
New Orlssn...
Oklahoma. , ,
Hsrannth. . .
Vicksburg. . .
Wllmlnrion. ■
IL
EBB
Ill
%
iluOdi, ^-For
T. tonics t„ lunuoriHBH
.•astardsx, ••For 24 hours «ndl
15th meridian tlm*.
R,marks.
In th, Onlrcston nnd Oklahoma dtitrleti
th* temperature haa fallan allghtl?.
let,
All
MINING 6TOCK8.
Ro,too, July 8.—Opening stocks: Quincy
120, Copper Rant* £414, Old Dominion 4914,
Shannon 1814, Mohswk 80, arwM-Caoancs
17H, Michigan IT.
foreran tnetr rmnre requirement!. Tna
knltttrt bar, not l*« operating ■■ freriy
■■ tb*r did last rear, hovtrar, but. on th,
other hand, wearers bnro shown more of s
disposition to oortr for lb* future. If
tno Urge deals which wer, reported as
peudlng bars Iwm pnt through transactions
hsrs been kept very quiet, as nothing fur
ther of s definite nature cun he eererttlned
regurdlnc any larcn salri. It le liellrred
that after tbs holiday Is om advance,
will be named on yarns owing to the ad
vance In raw cottons nnd that ths fins
counts will feel the advance more than
any others- Tbe demend for fine yarn
has been very large and spinners are pret
ty well sold np to the end ef the fell,
■o that any Increase Is the demsnil would
Immediately eerve to stiffen np the marhet,
even had cotton not advanced. That yarns
will not ro any lower Is pretty well Cleared
Bananas mors plentiful, with prices show-
—
illy ovar for black
I s nl
Inc^ a downward tsndcnc;
* season Is practical .
*1? nm!tod' r demnnd only prevails for
* ic-ninns showing moro or less reaction at
points of Importation.
A decided reaction noticeable In plnesp-
1 Vegetables of nil kinds being furnished
by the market gardener, direct to the re
tail grocers and consumer.
Receipts of lira poultry i
cess of requirements at In..
may be applied to drossed poultry, especially
hens.
Tbe demand for batter more or lose lnsc-
live, with only the beef table stock selling
"penrites'sra edmtng In In sufficient quern
titles to meet all requirement*, with ths de
mand more or less settee nnd better prices
epplylng for tbs best grades.
WORLD’S VISIBLE
SUPPLY STATEMENT
Secretary Heater'a statement of tho
world's visible supply of cotton for the
week ending Friday, July 5, shows a
decrease for the week just closed of
183,188, against n decrease of 238,363
last year and a decrease of 130,845 year
before last
The tout visible Is 3,418,017, against
1,018,225 last week, 3,881,111 lost year
nnd 3,316,116 year before Inst. Of this
the total of American cotton Is 2,138,-
087, against 2,276.226 last week, 1,(16,-
118 last year and 2,048,196 year before
Inat, and of all other kinds. Including
Egypt, Brazil, India, etc., 1,316,000,
against 1,340,000 last week, 1,215,000
last year and 1,262,000 year before last,
The total world’s visible supply of
cotton, as above, there la now afloat
and held In Oreat Britain and conti
nental Europe 2,117,000, against 1,477,-
000 last year and 1,720,000 year before
last: In Egypt 74,000, against 68,000
last year and 111,000 year before laat;
In India 747,000, against 863,000 last
J -ear and 810,000 year before last, and
n the United States 495,000, against
476,000 lost year and 571,000 year be
fore last.
LIST IN LI
HUM CLOSE!
Ne'w York Market Rallied
Easily and Became Act
ive and Broader.
ACTIVITY IN COPPERi
Bank Statement Was a Sur- ‘
prise, Showing' a Heavy
Loss in Cask.
Hew York, July 6.—Ths upward j
movement continued In today's short)
session with Increasing energy and ;
confidence. Prices for leading specula, i
tlvs Issues rose 11-2 to 2 points, with j
trading generally active.
The bank statement, although a de-’
cldedly unpleasant surprise, caused
only a momentary lull In the buying.!
In the laet quarter hour operations for |
tho rise were resumed In nil direction* i
and the close was at practically the top
figures of the day. Tho Pacifies, tho
Illll stocks, the Steal and the Metal
■hares were particularly conspicuous.
But the buying movement embraced all
parts of the list with almost equal as
surance. Tho extraordinary discrep
ancies In the bank return are only to be
explained on the ground that at the
inld-year settlement period, the clear
ing house averages are always an un
trustworthy guide to the true position.
Yesterday's estimates of the known
currency movement placed the week’s
gain at 26,000,000. Today’s figures
show a loss of 95,000,000. No doubt
this wldo variance la largely accounted
for by the temporary withdrawals of
cush by the trust companies, which
have their, semi-annual reports to maka
at this time.
New York, Jnljr 6.-The etoek market I
opened with frnrtlonsl gains recorded In .
majority of ehnree. Union l-mdflc was up
14. while Houthern Pnrifle, SL 1-snl, lioltf-
more and Oblu and Brie gnlned 14 per cent.
Missouri, Kansas and leans common ml-1
vaneed %. Northern 1-adfic declined 14.:
Aumlimunted was the strongest feature of
the Industrial list, showing ■ gain of
LONDON STOCK MARKET.
Anaconda
Atchison
do, preferred .. .. .-
Baltimore and Ohio .. ..
C.naOlau 1-selflc .. ••
Erie
do, preferred .. .. .*
Illinois Central
Kansas sad Texes It ., .<
do, preferred
Mexlrsn Central preferred
Norfolk nnd Western .. ..
New York Central .. ..
Ontario nnd Western .. ..
1-eunsylrnnlt
PblladelpMs »"’> Bending .
Rock Island ..
Southern 1-edflo
Southern Ilnllwny
do, preferred
St. Paul
Union 1-nclflc -
United States Steel .. ..
do, preferred
Wabash ..
present margin of [
,.«.riK’d r ed,
peered to r»tn*lu ‘eo nntll after the hell-
davs la over. Sine* the week opened quite
a fair amount of bu.:n--s> ha. been pot
peuipeu 1 ', — e—ui.t.Drv, u-e: yuuun, through, however, ftii*l ths Uflvni rontlng
Dlxc<l ftsb, 5c pound; fresb water trout, be. forward Lave •aowo pretr/ plolal/ t&xt
Railroad and Industrial
Quotation Record
Ready for Distribution.
This booklet fivrs TIIR HIGH AND
TUB LOW, Capitalizations, Earn*
Inga, ate., nt the active issues dealt
In on tho New York Stork Exchange
for tbe past month, as well as other
U ' we''"ifrxpkctrt;u!t solicit
VOCK.nRDBKS FOB I'lltCIIASE
STOCKS AND BONDS
for cash or on margin.
ALFRED MESTRE & CO.
Members of New York 8tock Ex*
change.
52 BROADWAY. NEW YORK.
Market Letter issued on request.
4% UNION 47c
SAVINGS BANK
* Gould Building
CAPITAL STOCK * . . $100,000.00
" —I RESOURCES I
4 /o [ S200.000.00 I 4 JO
MONEY AND EXCHANGE.
„„w Tork. Jnty 6,-Monry on coll, none;
t XSTttS! S Tt l, e$!5Vha.8e: 8U4M
'TJaudon bar stiver etesdy st Sid. New
York st «7%e. '
Mexican dollars 5214r-
NEW YORK BANK,STATEMENT.
New York. July 6.-The weekly statement
of the New York naeocUted hanks shows
the following changes:
bi:..,2mMam*mfWrt>tunmfwyptaowypteyppp
IrOttns 8Lii6.72l.3W, tlpcrun**' J16.?14.SOO.
fgSJSlU |L07«i40,M0. derrenee |13.I91JOO.
—payrv required $269,635,060, decrease 8ft-
Surplus 180.260. rtecrea*® Sl.CBSjOSft. ;
Bx-wdt^JUatea deposits $8,644,800, d**i
crease 81.783,775.
WEEKLY STATEMENT OF j
ATLANTA CLEARING HOUSEj
(Darwin O. Jonee. Manager.)^
Clear!*** Batonlay. July 6.
Same cfay last year ...
Increase
Clearings for week...
Same week last year......
Increase
$ S15.818.79 ,
$06,076.41 ■
9,r:3.3i i
4,270.198.96 1
3,894,813.06
375.S66.90 I
NAVAL 8TORE8.
M R^snnah^J < nFy i i.'“Tnrpent1ne firm at I7|
sale*. 670: receipts, 1.66L .«*•.
rmId Am; ffles, 2.264; receipts. 3,ire,
riiuioir elms. 86.00; water white. $5.90: M,
vi \ $r».357»5.86: K. $5.25: i. $5.06; H,
STONE & CO.
Candler Building,
ATLANTA, GA.
Tickets From
...and ...
To Europa.
We nre Agents for nil l’rlncipnl
Railway and Steamship Line.,
ATLANTA NATIONAL BANK
ATLANTA, GA
C. E. CURRIER. President H. T. INMAN, Vice-President
GEO. R. DONOVAN, Cashier.
JAMES S. FLOYD, Assistant Cashier.
Capital
Surplus and Undivided Profits
We Solicit Your Patronage.
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Bell Phone, Main Iftfc
GEORGIA.
Empire Building.
ATLANTA.
$500,000.00
$650,000.00