The Atlanta Georgian. (Atlanta, GA.) 1906-1907, July 02, 1906, Image 11

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THE JULY OPTION NEWS AND GOSSIP 01 tha Fleecy Staple. NEW ORLEANS BULLS HAVE IT WELL IN HAND. New Crops Lower on Reports of Improvement in Grow ing Crops. fntrrpflt lii the cotton market today waa JhK? to toe July option In New Or- "There la a ilanyeroue option to trade. In- .Awn na the eeatomary inaryln can l» tmeil out In a few inluutea on either aide I'the account. It la a poaltlon to be tnlpulnted either up or down to ault the baila hence broken there are refuel tic to Kept builneaa unleaa recelrln* or dellr- Srlne the actual cotton la contemplated. A euraln of M per bale la required. "rhe new crop montha In that market •hiw a declining tendency, doe to reporta SI general Improvement In the growing C The Tlmea-Pemocnt pnbllahcd in report n the progreaa of the rottou crop during The month of June thin morning. The con- aenaua of opinion la to the following ef- "mitlnct Improvement haa been the rale _ hough Georgia and certain aectlona of the rnrollnta complain of damage from aiceaslre ralna. Taking the belt a. a Whole, there haa I men practically no aban donment of ncrenge. The cultivation haa been good, though lihor la acarce In moat dlatrlrta. The boll weerll la rcivorteil from aome pariahra la houlaiana, but the peat acema to bo kH menacing than uiuul In Telia. In New York, the trade la apparently rue na to the courae of price. In the Immediate fu ture hence trade la dull, with the tendency toward n lower level. Midday price, ahowrd a alight decline aa compared with luturdny'a Anal flgurca throughout —- The New Vorh Commercial. In Ita review or the cotton market, on Saturday, nya: •There waa a decided change of aentl meal during the lute trading., and there are ninny who now believe that October la ao Imdly overeold that there will lie no eaca|>e for tha abort# to that month, no- mailer If It ahonld lie a 13,000.909-tale crop. The amith and the rlnxi are ahort, and agnlnat their ahorta la a long intercut reprcRctitlng anlea to mill* which can not be dlalndged. The general aentlmeut after the dime yeaterday termed to be that a government reiiort In the leant bnlllah might breed a runaway market." .IFH 1'irK. if Mi/ — — IUHUU Hiaiart further good covering by ahorta olfaet the wrakneaa of enblea and catmed the market to c|vn atendy. .... - . There wna n dlapoalllon to even up for the government report due totporrow. Thla Influence clicckeil new bualncna, nud mnile It difficult for the bulla to follow up their idtintngr. After veiling down to 10.1.1 for Oc tober and 10.28 for December In the late forenoon, the market rallied a few pofnti after midday. The recovery waa ahort lived, howeved, and under room liquidation and ahort aelllng by wire hounev, pricea again weakened and at l o'clock allowed a net decline of 5 to I polnta. I*rlvate Wire to olhert & Clay. New York. July 2,-Mverpool at 12:*) p. SI' h" ”* * W *** r- w ** M P*«ted to be P 1 .New Orleana. July 2.-The July-aqueeie being entirely local Liverpool jguorra tho advance which waa due. The advance of 1 to 2 polnta In fall montha la, however dlmppXlng^tomc op.tou, being c,peeled no gocel 1 belt la dry bur generally cloudy. Beyond having a good undertone, market tor Th ® i5 lr lliuldatlen tbua far today haa avaumed exceedingly amall Ing Improvement. ■Hr '* to trading with nol nndlcra. nulla claim enn pnt thla optlor ■5her. hut If manipulation ‘for any renaon la abandoned apecnlallvo long! will be In a deUcate poMtlou, hence we will want M p®« Dale inarrtn. Private Wire to Ware * Inland. New York, July 2.—Cotton opened ateadler •h*n eapected, though there waa aome Wall IHm 1 ;!**ed on poor cahle# ami fav orable Tlniri-Itemocrat report. Trade light and largely of profearional character. Liverpool caldca: "Market Handy: bull eai limited pending bureau report.” New Orleana, July 1-Urerpool la about *• expected up to 2 p. ui. 1 Tho Tlmci- IJemoorat June report ou the condition of <-—r— tod and the crop la more Iwarlah than expocted i K Inti to a higher bureau report than en flgured ou. SHORTS THE BOOSTERS; LONGS DEPRESSORS New 0r, eana. July Iv-Tlmei-Iiemocrntl Short! were the lioaHer* and longi the I’tlce depreaaora In Hnturday'i cotton mdr- *!*; ., r ,he Jn y poaltlon waa the hlnre on which the thing nwung. and very little at tention waa given tbe movement, the weather pc the nplnloua emanating from jlfje Vork. Beyond the trend of current eveuta, the altuatlon appeara to be re*- [amnsMy clear, becaute It I. quite generally recognlaed that Jnly atrlngency la everting a aoniewhat potential Influence aa a ana- talnlug factor of new crop option*. Imcal- lly. strnddlera for the moat part art car rying the apot month abort Interest, and dlaguat with their tiargaln baa turned them all Into analona >001011 for cover. But the few men who control the altuatlon have be poured toto New Orleana for tender pnrpopea. The propualtion,' while ..... wcoowwi, nonce tne ten lion Intely to evidence."—Ware * Leland. GIBERT 4 CLAY'S DAILY COTTON LETTER. By Private leaned Wire. New Orleana. July 2.—The Liverpool market waa exredlngly quiet, nptlona showing on the dose no change from Saturdays final pricea. Spot cotton, however, waa more In demand, aaleg today aggregating 8,000 balca at a de cline of d polnta. The market’s under tone waa fairly Heady early Jn th# day, nut ' WnnUtonaagl dnntamhif 111.. a SPOT con ON MARKET. New York—Qulti. »*.«*/. New Orleant—Uuitt, 1114c. Liverpool—Quiet, 11M. Aufiietii—StMuljr, ***'“ Sr. Lon In—ynlet, Savnnnnli—yulef, •t, *.URI. r. imc. •t. loSc. >t. l«r. LIVERPOOL COTTON MARKET. IJrerpmd. July x, 12:13 p. m.—Cotton, spot (jiilvt. with pricea jmaler.. Middling. — laadi IU0: anlea 8,0V); American 7,61x1: •licciiiaiinn and ripurt COO; receipt! MO; all American. ratnre* opened ateady.* ixpcnlng Prevloua Itange. Cloae. Clone. July 11.81 Ml 6.01 Jnly-Ailguat. . . .5.77 5.75577 583 Aann-iW . . .1*5* 5.09 6.77 jept.-OiloWr. . . .5.01-500 500 5.00 Oct..November. . .5.60 6.56 5<0 Nov. ln-cember. . ..5.55555 6.54 5.M Hec.-Jaimnry .5.S0565 6.54 6.54 Jaaury-Fe 565 6.65 IVbr«nr.v.March. ..550 6.505.57 6.57 March April 5.M5I0 6.55 6.50 t loved very Heady. but wenkened'flomewhat later on free offering., and from the fact that the July liquidation waa much Icaa of a factor In Importing any undue strength. The near approach of the government’s July report, namely, tomorrow, la prob ably responsible for the Inactivity In the market, traders apparently being unwilling to further commit them selves, although It la generally admit ted that very little. If any, change la looked for from the prevloua month'a condition figures. However, It would not be surprising' to see an Improve ment, as Indicated by The Tlmea-Dem- ocrat report published today. The weather In tbe main continues excel lent and alnce the breaking of the drought, moisture appeara to have been very evenly distributed. The majority of complaints have been momentary, and hence easily remedied with the ■Ingle exception of the scarcity of la bor, which In reality haa assumed »e- rlous proportions In aeveral aectlona of the belt. New York, Jnly 2.—The trade demand for cotton nt home and abroad, and the con tinued aatlsfactory development of the new RANGE OF NEW YORK STOCK MARKET AT BETTER PRICES DUE LARGELY TO COVERING OF SHORTS. Feeling General That Declines Last Week Had Run Too Rapidly. day were left with little Balt I - nrUay'a cioHng. London aanJ^ovrr blgjli- eblsrabl* gain*. Then, under a renewal of liquidation and ahort aellInf, the advance! were quickly loet, the Pennsylvania nod the Reedluff aha ret, which were under apeclal pretaure, touching new low points for the downward movement. It wna cri dent, however, that tbe market had greater pari of laet week, wae win eent. Price* when forced downward teem- MM u cooeequence, whenever th'ere was any et-np at all In operations for tho fall, tlio market rallied very easily. — Although there were no Important del velopinentt over Sunday, the atock market opened Arm at general advances. Tbe Imp MMMiMlh Ta provement wae largely due to the coverlni of ahorta, but there was a more fWlInc that the decline* Inst week due. meet mock* rracuouauy nigner, Col orado Fuel la up 214. Amalgamated ad* voneed 1 point, Smelting scored a frac tional advance. After the opening trading, the market was heavy end prices showed recessions from the ton. The tone of the market In tbe early part of the first hour wa* decidedly strong, but prices declined after the first fifteen min utes, then the market rallied, and, la some cases, more than recovered the early loss. In nearly all stocks traded Inthe quotations at the end of the, first hour were materially above tho closing figures ou Haturdny. The widest movements were In the Bin stocks. 4| . 4W Tennessee foal was an eicept on to the general strength, ami although it mads a gain of 1 point at tbs opening. It quickly dropped s points, and did not share In the Utter rallies. „ Government 3s conpon declined 14c. Other bonds lower. ST00KS REVIEWED BY NEW YORK SUN Sew York, July 2.—The 8un says: "At the opening of last week stocks Were al most wholly of a professional character, but there was continued evidence of the operations of specnUtors for tbs decline who were eudenvoring to press prleea and to counsel liquidation by pools on which the advance In the rates of time money lm* tlonal rumors as to the alleged purpose of vestigatlon of corporations, railroad and Industrial, nnd the criminal prosecution of officials Who might be held responsible * tlons or evasions of the Uw. prosperity wss on the, wane and as simultaneous pressure was bronght to bear upon a number of prominent Industrial . - • lf t of the trading common- •rop keeps the market In "statu quo." It la a long time since market fact lave so absolutely iMilanced one anoth for tbe demand for spot cotton there i TODAY’8 PORT RECEIPT8. porti today, compart ta»t rear: Mobile Knvaniinh ... ('hsrb-Ntnn .. Wilmington Boston ....... rhlMriplil* Total ”T7!T7, 1 1193 INTERIOR MOVEMENT. Total WARE 4 LELAND'S DAILY COTTON LETTER *•-'th» ml'on market la** »Vi4i' , “** tortl| y- The talent were attitude, as tomorrow : da* after a holiday. The un- ... roodltlMi of kutoril'.iiJT!!* .Ttmra-llsmorrat rsport 15:. T&Sg&Sn P&MSR I- LiiJn! Vl-wt^tomorraw xrlU ha.s to JUSW g-a‘y r in'if "^rnSSliloa I. now apt C to fa^ioe innrkrt In amall qnnntKIri, which .. asta tbe ilsmanit for ntw England and for export. It now looks aa though tha hnrsan of Inmorrow will allow no matrrlal rhangs. It aboubl to reality show nnrar luiprors- rarnt. There haa been very alight deterlra- tlnn In Texna, notwtlhalandlng the howl that lno.il apoenlatora hare ast up. In the (’nrollnas and (leorgla there haa beeo - nl|ght Improvamant and t material on. Mlnalaalppl and l/mlalina whloh nffaeta th, delerlorabon to Texa, and Alabama. The crop la generally elran and tha ralna of last week hare ererywher, lieen beueflrlal. In the loeal apsenlatlrs nllnatloa th. only prominent fratare la tbs effort of tha boll Interest to make the public believe that the rron la In n precarious onndillon, hoping thereby to eatabllib a basis on which a large long Interest might ha llqnhlnted, but tbe cotton world will not be footed, and whether the Interest shall ha liquidated during Jnly and AnguH. Meanwhile new crop pmdtloo, do not decline In brio, and apparently are not likely to until ton la available, nnd It la barely pomtble the new cotton might eaone a temporary advance later on, bnt It'll extremely doubt- Freeman 4 Co. PIEDMONT BROKERAGE DAILY MARKET LETTER. By Private I.eased wire. Nejv Tork. July 1.—Cotton—Dull ness and ateadlneaa In the cotton mar ket this morning. Liverpool cables were lower than expected and our opening unchanged from Batyrday'a closing. Weakness developed on the new crop options on reports of favor able weather conditions, and expecta tion that the government report, which comas out tomorrow, will show the condition fully maintained. Wo hardly expect much activity In the market at present, aa the public Intdrast to small est for a number of montha. and only expect a trading market for tha prtn- ent. high far the trade rains that relieved , ,—-— west rsme shortly after tfie gth of Jwk which la the date to which the report Is carried and for this jjagM a report .of be- tween M and <7 would be very bearish, aa It wonld point to a rendition of at lean 19 for the period ImmodlatHy after tho GIBERT & CLAY " 1 ALABAMA I BONO*. COTTON. CRAIN. COFFEE. PROVISIONS ATLANTA. OA. MEMBERS* of Trade. ..a Aaanriatlea itton Eaebaaga ’**•' and Long DtiUaca^TeVaiiho'n?K95* tlchaD ^ R. FAQAN, Manager, Issues, s large pert of the trading commun ity arrived at the conclusion that tbs.turn ing point had corns In the market and that the general tendency of prlcft would hern- after be downward. Another mailer which American Sugar Refining.. Anaconda a*..... American I,oconiot!re..... do preferred.... an priTeTmi. American Smelling Hrflulng do preferred...., Amcrli Jtnltlm v llnaiklyn Rapt ferred Cotton oil..,.,, nd yhlo.... a... ■■••'ir Transit GuluL _ _ ami Northwestern and oblo Coloriulo Fuel nnd Iron Central LMtliW.,,, «... tlo preferred Chicago nnd Great Western Chicago^ Milwaukee nnd 8t Paul DHawaro aud Ihulson........ nistlllcr'H Securities do preferred .*..!'.,!!!!!!!!!!!!! Gcuerai Klectrlc Illinois Central American Ice Becurltles Louisville and Nashville Mexican Central Missouri Pacific New York. Ontario nnd Western National Lssd.. Northern IMcIflc .i. Now York Central..,'. oHMod Stool Car .a.,..*.... do. preferred • me Mail . .ading [tepubllc Steel IKock Island.. ■k do. preferred..! Ited States Rubber tJiltsd do preferred ftoathsru Pacific Southern n Railway preferred. Slosa-Hheffteld niwg-nncuifiu Tennessee Coal and Iron * "~rille union United States Steel - — preferred... Vlrglnln-Cnmllnn Chemical do. preferred.. Western Union. re fe rreci!.'!!! I .*.*!".*!!.* 11 Wabash do. preferred Wisconsin Central do. preferred. NOTES ON GRAIN Pointers on Provlalona. Private Wire to filbert A Clay. i hlcngo, July I balleve th*r.c will he enough pressure on July wheat to carry tbe market lower. There la goad evidence that cash wheat offerings are free. mission bouses bad buying orders at the weather and fair July deliveries, compared to the local elevator stocks. Trade hero — Logan offering May. slow. Kid son Just sold 200 September wheat. on July contract*. There will be m corn and posstbljr a little oats. Light deliveries of provisions are expected. «e packers have been active In changing from July to Keptemlter. although there may be fair deliveries of short rilm, which will be,taken cars of by Armour. The Record-Herald: "With prices above 'fiat ^▼^.. wlth llberal deliveries of vheat a lai el. i t on July i ana - .srae crop Immediately available, It waa a< ~ * der that the speculator waa i take tip the burden that boms miners foreign consumer* refused to liear. g on accident to the spring whest i ilch will, of course, put a new face ot iv ,nx. u mu. x nuifr, inn a new irit on inr •nilrr <ltu.il.in, it r. up („ th.. rnrmrr to i"l'l hi. whrni, or im II — - —I— It which the fnretl WEEK IN WHEAT STARTED A SHADE HP COMMISSION HOUSES WEBS THE BEST BUYERS. Due to Better Cables and Light Receipts in the North west. buyer dtrablp quantity t at ths moment very far away aa t< S t at thi > Knells area, with RANGE OF THE COTTON MARKET RANGE IN NEW ORLEAN8 COTTON rivTivue Open. nigh. Low, 8«le. Close. Close. July .1U« 11.8) 11.06 11.06 11.04-06 1L14-16 Aug. .10.62 10.66 10.64 J0.64 lft.5446 10klM» Kept .10.37 10.38 10.34 10.14 10.33. <Vf. .10.12 10.26 10.19 10.20 10.20-1 Not 10.21-33 1S.3S-ZS Pec. .10.26 10.38 10.23 10.23 10.23-24 16.23-29 Jen. .10.33 10.22 10.28 ia28 10.20-31 10.34 83 Tab Mch .... April Closed quiet nnd steady. 10.41-43 RANGE IN NEW YORK COTTON, the range In cotton nS lid .10.28 10.28, 10.X . _ ... JO.27-32 10.22 10.22-24 U40-41 10.24-21 ia4i*a th. ...... ..... ..... iu.M-ea ilch. .10.47 10.48 10.40 10.43 10.43-43 10.41-49 ipnl Closed steady. COTTON SEED OIL MARKET. wn. worked to It. fulleit extent n; oil «il- verae fnctor wn. the nnnouneemeut tout 1 number of nnthnclte, coni mto... would rlooo down for a few dnj«. Th . woj i-oth- lax more tbno the u«unf eenutlnn of Ubor nt tbe mlurn .round the Fourth of Julr. But while the.nrxumeutn for n d.prr.don here eunmernte*l hid In lo.tnnee noy real merit, there win one fnctor v/hlen eou- trtlMited inrxely te the nneeran of tolorjHn worhlnx for n decline to the ITl.rket. till. Imrnrmentn, which thl. jenr nre iho l.rsc.t ou record.'—Glhert * Clny: TIPS FLASHED From Wall Street w;as tnmi * c.. : "Moderate recovery In the stock market would not be surprising today. Hnoh ac tion Is due. ftarardsy’s weakness appeared to have been largely manipulative. The market looka a little add oat, as It will very likely meet atock on reasonable ral lies. Vulnerable stocks should be'sold .New Tork, July.2—Tho market for cot ton seed oil was quiet, with prices a shads lower. Refiners sold some, and outside speculators offered more freely. In ths near positions. It waa at!!! a waiting mar ket, while the new crop deliveries were susceptible to narrow movement In cotton and ths steadier feeling In lard. 8pot was inlet, with prices nominal. Trices at the los^wsrs unchanged to %c higher.-Ware Opening. Close. _ Jly 36 August September October . November 34 $34>4 :u\i December 314031» 4 31*41 Closed steady. LIVERPOOL GRAIN MARKET. tv heat opened unehauged: 2’Ji n. n unebangsd to H higher; rlosed uorliang % lower; closed 4 high Wheat Corn , Oata .. Iloga . CHICAGO CAR LOTS. Today. Tomorrow. I _ THE METAL MARKET. By Privet. Lmm*! Wire. New York, July J.—'There ru nllrhtly firmer In tone In tin whlyh ndvaneed 1-1 for .pot nnd nearby lie llverlea. Other rommodltle. were nominally unchanffmL 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. I podtlonn” New York. July 5-lIanhan Spader 4 Co.: The Influence of n con arc nrtlnn on nn extreme of Irapulnc from extreme Hew. of •a nctlre nud, perhnpn, iwfteettoff nu VX.« if the iHildle, In ramored by the ndjoura- ment of that body. It. enactment., wheth er for the (ood or for evil, will he to Stock, plentiful to loan crowd, and will encownxe renewed bear drtren nud create farther llquklntlon. while thece l. n prow pact for nol'l Import., henry d .huraemrnt. of mouey for Int.mt nnd dlThteudn to be made thin week, nod the fact that eon- doubtful If rnlllen are pronounced to nay extent. It would room, howerer, that from now ou the good etoeka ■how prod table turn, when bought xckn nhouki htoanhnrp American ntockn to London ntrong I40\c .bore parity. Tone of newnpnper comment over end of the week coo2.7V.ttr., bat fairly coufl deutl fatted dtatro»t«l half yroretonnn with narplun to oHfhborhood of 5199,065500. T mr about It per rent on Hock. Forty-four road, for third week of Jane tow .reran* groan Inc ream of 14.S5 per Nntloanl city '**nk nhown principal ennb gain to tank Matemeut. Exchange .till at gold Import point npd name purr hew* of tar .old In open market to Loudon for American account thought poeelbir. Twelre Induntrtnln declined 31 per celt. Monay on Call Working Tightar. Money on call opened at « per cent; hlghaat 7 1-2; loweal & 1-2; cloning Frank Ilawklu, Prenld.nt, n. M. Atkln.cn, V. P. Thama. C. Erwin. Atet. C.hltr, Jowph A. McCord, Cn.hl.r, B. w. Pyere, A.et, Chirr. Third National Bank Capital Surplus . . . . $200,000.00. . . . . $300,000.00. OIRECTOR8t Prank Hawkins. H. >1. Atkinson. Joseph A. McCord. U R. Rom HAVEYOUANYMONEY AHEAD? In It Investod where It In perfectly tnfeT In It arallablo now It FORTUNE abauld knock at your door? Prepare youreelf to tako advantage of opportunity by Invoatlng your aavlngi In tbln bunk, where they will earn 3*4 per cent COMPOUND INTEREST, be pop fectly safe and available practically on demand. CENTRAL BANKS TRUST CORPORATION, CAPITAL $500,000.00 Am G. Candlsr* PrstldsnL W. H. Patterson, Vles-Prssldsnt. A. P. Col#*, Cashisr. John 8. Owsns, Vics-PrtsidsnL Wm. D. Owsna, Asst. Cashisr. Isli market*, but th« continental ■HVMlh th* exception of Francs, show. Ing axtratps ludlfftrsnco and ars « Ion way out of llns with America. I *t *»ni has ma«l* a good ahowlng during th* lilt wssk. Th* pries has Ti*bl rs* msrkahly wall, in vlsw of th* splendid crop promts*, th* heavy racclpta nnd ths ab* oonc* of any mntorlal distributive demand through th* *nat. Ths atrength Is *i- plained bscauas of the heavy ablpmsnts mads to fill former sales, and tKK*ans* of th* sxlatsncs of a largo specula tlva short Interest In Jnly delivery. "Quits a atrodg bnlllah ssntlment I ... nlng In ths oata trads. Ths bsllsf la wld# "Quits a atrodg Ing In ths oata t spread t^at the crop will turn out light lu cut down Private Wire to War* k Iceland. Heaviness of whest nn* mors to lark of buying ordera. offering* light, and any buying at all will kelp price*. Thrr* la a cards here from Argentina saying heavy Cudahy aelllng May and December not* a used weakness at th* opening. Around 16c for September, Well* and ths Northern Grain Company war “ " * Trads now vary quiet. best buyers. ^■HcagoTsd Its first new wheat of ths season Saturday. Five ears of new turkey, hard winter from southern Kansas arrived. They graded No. 3 bard, and weighed 61 pounds to ths measured bushel. They wsr# held at 3e over th» July price, and a local miller bid 1c over, but tbsrs were noi snlee. Last yeor. tbe drat ear arrived on tho 2*th, and Inspected No. 3 red, and brought 31. It was from Missouri. The nn»r»M.i«’iit t>f ii”H whout Im ixi.ttl.il t.i In- rruase slowly from now on. but those who |have mad# a close cantos* of the sltun-l Itlon say they do not expect w heavy movement until after July IV "Wheat bulls derived n little consolation front a Rroomhall cable, which said the weather In Francs Is droughty nnd prices weather in Francs is droughty and prices are now reckoned at a!»out an Import imals. July wheat In l’arla has advanced 3c In two weeks. "A decresao of nearly 1.000,000 bushels Is expected In th« visible su| for the week, compared with els last year." NEW YORK COFFEE MARKET. Following 1a gtren the opening ami rinsing quotations of the New York coffee market —=::::!?8?SK April Juue ...... July l «ovsmnsr .December ....... Closed ateady. THE 8UQAR MARKET. locally rsfluad A and raw maftst steady and unchanged. London beet market steady; July is 3d. August 2s 2*&d. BANK CLOSING NOTICE. Wednesday, July 4th, la a legal holi day. Ths banka composing the Atlanta Clearing House Association will be closed for business on that day. ■fOMPH A. McCODD. President. DARWIN G. JON EH, Manager. WEEK IN WHEAT— .Markets Chicago, July 3.—After opening a little firmer and holding steady as re sult of wet weathsr throughout ths northwest, wheat suddenly weakened on heavy offerings, final figures show ing a rather substantial loos from those of 8atuiHay. Tired longs were the principal sellers, though commission houses had quite a number of selling orders, especially on the hard spots. The breaking of the Argentine drought and the heavy offering* of new wheat from tha aouthw.at arrv«d to nffaot •Ifact of nit wMth.r ovar Sunday In wlnt.r and .prime wh.at territory. L'n- l.aa miller, show- aom. dtinoaltlon to toko new wheat, futurea will natural ly work Hill lower. ''Corn haa b«en dull, but hna ramrod ■teadlly lower. Caih trade la good, de mand comlntt from el.vatora to apply on July dalivary aalea and a little local Industrial and local .hipping. Ca.h corn In the lamp), market off 3-title following almllar decline during >,ime lime In the futurea. Crop iirnanecta excellent. CHICAGO DRAIN MARKET. The Chicago grain aarkat ran,*! aa fol low* today: Open. High. x»w. CtaB*Ctor<I Prevloti WHEAT— July. . 8M E‘v.-« COBN- si i#$-m Bffi; nt 1*0 RK— 62*4 62V : :1«L it-K i57?i4 m S3* Jko. . urn ...ta.. Kept. IsiokS^ no 2.48 2.30 v n m Cash wheat, No. 2 red 88; No. I do so No. 2 hard winter 204782: Na * No. 1 northern spring 88; No No. 3 spring NORTHWE8T CAR8- nst week and last year: Today. Wf Minneapolis 2*7 3 Dulntb S7 4 Chicago l< i PRIMARY MOVEMENT. Ths following figures show ths prla lovement of grain | Whest—IlecHp Is 466,000 bash el a. SOUTHERN EXCHANGE Oldest Established Office Mouth. CO non STOCKS BONDS- CRLIN Ground Floor Gould Building. Dally market letter and market manual mulled f»n Mppll* atlnn L. J. ANDERSON & CO Bankers and Brokers, COTTON, STOCKS, BRAIN Cormponhnt’s CipHil $250,000 NCrCRKNCC, THE NKAL SANK PHONE 1417. PNUDCNTIAL SL.OO $14,250 IANDN0TES6 PER CENT Made by one of the wealthiest men in Atlanta and equally indorsed. No Brokerage Nor Commission. Address LAND NOTES, Care Georgian, City, WM. L PKKI- PrroldraL ItOBT. F. MADDOX, Ylta-Pr*.- MADD0X-RUCKER BANKING CO. $200,000.00 $500,000.00 CAPITAL SURPLUS AND PROFITS . . ACCOUNT* INVITCO , We Invite accounts of individuals, corporation?, banks nnd bankers and offer the best terms consistent with conservative banking. In oar Having* Department wo allow Interest at ths Rats of 21-2 per cent. Compounded Semi-Annually. • ware: a ceCiAjndl COTTON, GRAIN, PROVISION 5NS, STOCKS, BONDS, a,, j wtii st.. rtu,. «.;«/•». an..;., e.. XIHIII: fro r.r» c.ifo.a,,,,,* >..ri.’ toft a.* 0fi«..i c.it.. f,<»•■««. c..r« __ L "'J c c0fliif ■' iVnV.,,. Jiubdhii PIEDMONT BROKERAGE CO., (Incorporated.) Bsasmont Floor Piedmont Hotel. 6TOCKS, ROND*. GRAIN. e*OVI*ION* INVMTMXNT*. |Fast Wire Service from New York, New Orleans, Chicago. CORRCSPONOCNT* ML «f. SACK A CO . 4JI BROADWAY NCW VORK. IDW. IIOTie. Mtntjif. l*of iillou Ditttnt 0*11 fkss* Ml