The Atlanta Georgian. (Atlanta, GA.) 1906-1907, July 03, 1906, Image 11
c*?'* —
edited by
JOSEPH B. LIVELY
THE GEORGIAN’S RECORD OF MARKETS AND FINANCE
\fp. Lively'* 25 venri' o x par le tire
jf editing markets In Atlanta and
the Hr.iitii has tuado blm a r«c-
ognlzed authority In his specialty.
DID NOT ENTHUS
i
ONLY SMALL ADVANCE FOL-
' LOWED ITS BEADING,
Trade Do Not Know How to
Take It—-Did Not
Support.
UfKM from l.lvcrpool this moraine were
.ncouri fluff. eepwlnlly ns regard. spot
eetton- *.!«• w<iri ' n f Rtl t ot 6,000 **'••
iTs Jecllue of 4 points, mnklng middling
sal
At the opening futures were about na ex
Dscted, but the closo won easy at a ilecllue
of! to 6 point* ns compnrcd with jester-
‘ U ’Jew l5 York fl Sth«* opening was steady with
s 4 to » points lower, u further slight
1 JSm following, the lew point luduefng
•iimc covering, on which prices steadied
i dr a need to near opening figures, a
Jbiob trading was very light wltha n
Sfeellng apparent pending the Issuance
g the government June condition report
At* 10 46 o'clock Charles D. Freeman
Co!. New York, Issued the following circu-
York. July I.—The mnrkot opened
iAW»r this morning hy reason of fair sell-
tnfOrders from tCe South nrnl with little
liuvlnc except by room trailers at the de
cline The tone Is steady and there Is not
Ukelv to be any material change In prices
on the Issuance of the report, ns the trade
kjts made up its mind ns to the market
Sadltlou. so that auy bureau report or any
SDCCttlstlve Interpretation of It will
^carded. The report should show
ImproTcIuent. which will but con Arm the
kit Judgment lu the market. From 10.2ft
for December n considerable forward busl
ines will be done as tho price declines, bpt
the menace for the time being Is tbc large
long Interest which Is hanging over the
market from the April nnd May campaign
and which might seek a market If tin
owner of It should by chance confess the
tmth to himself.”
promptly at 12 o’clock the report waa
Iitood giving the condition nt 83.3; and as
turtles ranged all the way from SI to 86.
It fell flat nnd for a mluuto or two trade
waa at a standstill. , - t _ M
.» .1.1- ....:I.r thn 1.-tilling hull gnvo I
. ringing about _
and prices advanced
■ 8 points.
‘al excha~
following wire from New —I
•The report of 811 Is nothing less than
a shook. It is safe to say that not ten
men on th* floor expected any such figures.
Tb* ring hardly knows how to take It.
October and December were immediately
put up 6 nnd 8 pyluts and July
July 8. 1906. 83.1: last month 54.6.
June J8, 1906. 77.
June 25, 1904. 88.
June 28, 1903. 75.1.
To close of Juno, 1903. 84.7,
To close of June, 1901. 81.1.
To close of Juno. 1900, 75.8.
The average condition for the past ten
years Is ML
SPOT COT1 ON MARKET.,
Atlanta-Steady, 10%r.
New York-Quiet. 10.80.
New Orleans—Quiet. ll%e.
Liverpool—Easy, COM.
Augusta—Quiet! lire l
8t. Louis—Quiet, 10U^- *
Rsvannah-Nomlnal,
LIVERPOOL COTTON MARKET.
ssr
6.79
Close.
6:TM.77
U
Mmponl, July J, U:16 p. in.—Cotton, «pot
S ri, with 'price, easier: mliMHns up-
4. «.W; nle, *,000; Amerlctn 6,700; «pec-
ul.tlr.n anil export 600; receipts 8,000;
Anwrirau 7,600,
Foture, opened steailj.
Opening _ Trerlou,
Mr XT
foljAnju.t 6.74
».U
H-Ocl 6.67 6.51
Oft-Nnv 6.63 6.49*10
X-r.-lJee ..6.6J 6.0
»-J«n 5.62 6.0
Js-K.h 6.61 6.19*50
reb.-M.rrh 6.61 6.64*67
VirrhAprll 6.66 6.67*61 6.M
Owed easj.
TODAY’8 PORT RECEIPTS.
The following table shows receipts at the
g*t« today, compared with tho same day
New Orleans
S*£f*ton
hobfle
Mrannnh
Qarletton
SKt*™..:::::::::::
Baltimore
g*w York
Boston .
Philadelphia”".’!!”!!
Total ,
IS
7533
INTERIOR movement.
Total ....
Si
Ware * leland’s
DAILY COTTON LETTER
titin *u3L' J . u '7 The frutnre of tho
hot. -..j 1 ’ the monthly report, npern-
fcrthT» Pr # 1 * ***** measure determined
SwiSJ lYL Xor •** trailing during the
00 • rettricted scale. After
*f ■bowing a condition
9K MnS* *w*rtet advanced sharply 10
Ka P T^i , g. OI,,7 to Income dull and list-
im about ns expected.
Sjys »" Ss
aST to
to u.TSLSylAttieh prasrara, tha weakneM
••rtf? waa £?♦ Around that the
hr morY of^ t 0 b t?*' 1 •Sf*?** to room
the “ori ff ,! without a turn for
•**'* loier.*'” 1
NEWS AND GOSSIP
Of the Fleecy Staple.
Private Wire to Glbcrt & Clay.
Liverpool says: *‘A waiting, featureless
Journal of Commerce says: ‘‘The main
fen tun •« which !nm> distinguished the c<
ton good* market for
remain unaltered, Huyera'nre operating f<
pressing necessities only, nnd there la
■ m ~ *■ *' speculate. 8hei
wanted first hnn<
i-Vs, find no fllffl
old from eight
combed yarn g«w*ds ni
despite the recent lid
culty In keeping mill
‘ n weeks ohend.
ipnssthlo also In h-
doth construction.'
New Orleans, July 3L—Liverpool 2 to
down Is about ns expected. The trade
dtntty prefers to wait today's burcat
fore taking an aggressive stand on either
tonight; not needed, but will do no harm
Lower opening
weather conditions
manipulation.. Shorts
prices show slight Improve
fairly general rains
- belt. Weather conditions nro
rule cloudy, with lower temperatures.
Liverpool cables Meysenburg & Sullivan
a** follows: '.‘Chinn and Japan are tele
graphing canceling cloth orders.”
Western forecast Indicates fair weather
tonight a ml Wednesday f<>r Arkansas nnd
fair to Increasing cloudiness for tho terri
tories. For the balance, partly cloudy
weather, with ahowers in eastern and
northwestern Texas.
Private Wire to Ware & Lelsnd.
New York, July 1.—The New York Com
mercial says: ' The cotton world expects
jM report today to be bearish. The tip
rday was that It would show nu aver
age condition of about 16, and this rumor
was probably started l.e.-aiis.- that Is about
what the market expects.”
A good ninny maintain that the ncrcni
s stated by tho government Is too snin,
They put It at 3u.000.000, and argue that
with present conditions maintained, the
outlook points to 12,500,000 bales.”
idered bearish I nm unable to perceive.
On the other hand, n government auythli
below that of last month I should regai
ns Intensely bullish.”
GOVERNMENT WEEKLY
REPORT ON WEATHER
Al.nbn inn-(Montgomery)—High tempera
tures prevailed. Scattered rains fell dur
ing tbc cnrlv nnd latter parts of the week,
total raiufnll being ample except lu some
middle and northwestern counties. Clear
weather prevailed during the middle of the
mreek.
Arkansas (Little Rock)—Forepart of tho
week was cool aDd the latter partHHI
warm, menn temperature being above nor
mal. Well distributed nnd beneficial show-"
■ occurred except lu northwestern coon-
m the rainfall being above average,
east, central nnd southern counties below.I
1'lsewhere the moisture supply Is apparent
ly sufficient over the greater part of the
excessively high, n maximum of l'XI de
grees occurring nt Albany on 30th and tho
weekly means rouged from 3 to 7 degrees
above the normal, scattered showers wore
frequent. The rainfall was unevenly dls-
^^“ted. Fxcesslvc rains occurred «at
station*, while there was no rain
others. Tho rainfall was below the normal.
Louisiana (New Orleans)—Hhowera durlnj
the early part <*f week relieved drmnrh
In most plaees. Rainfall was unevenly ills
trihuted. being heavy In parts of eo - '—'
and southern parishes. The temper. -
was above the normal In ths ■wUbHitsrn
parishes nnd about normal elsewhere, dun-
shine was ileflclcuf.
Mississippi (Vicksburg)—There was much
cloudiness with mo4lernto temperature dur
ing the forepart of the week, copious show,
era occurring In the north nnd heavy rnina
In south. Tnc latter part of tho week was
clear; hot and sultry. The mean tempera
[uro was slightly above tho normal. I
North Carolina (Raleigh)—Temperature
iveraged nliout 4 degree* above tbu t»or-|
mal, the highest report being 100 drgresa
on the 2Kb. The precipitation was about
one-half tho normal amount. Home severe
thunderstorm* occurred, doing conslrisrable
damage In places.
Oklahoma and Indian Terrltory(Oklahoiai)
—Weather was generally clear with mean
temperatures near the normal. PredutUa
tlon was unevenly distributed and general!
ly deficient, although copious local ahowerd
occurred over scattered areas on the 39th
nnd 30th.
| South Carolina (Columbia)—The week was
Warmer than Usual with fn-.jncnt tliunde*.
storms and occasional high winds and hall
The rainfall was unevenly distributed, but
all parts of state have same moisture.
Sunshine was about the average.
1 Texna (Galveston)—Heavy showers and
thunderstorms were general at tho begin
ning of the week In central, eastern and!
coast counties and broke the
drought in southeastern counties.MUR
wsstern counties and In Rio Grands and
iRed river valley* rainfall wss,considerably
l»elow the season's average sod many coun
ties In these sections received no rain.
Temperature averaged about normal and
BftSiW iraVnllr -lry, »ithnnrh brary
. “ — - pM<
GIBERT * CLAY’S
DAILY COTTON LETTER.
New Orl«en». July 1—Option, la Urw.
pool (Howl eaay at a decllaa of 6 polou.
(be Iom tbu* dTMloD.il bavin* I—a
brought about by a .omewbat hi-nvy Ilqnlda-
prlcea wtr* more or lew errallo. hut with
aa.ipward tendency, owing to tbn fact that
the opening price? baring akowa a good
decline, aatbfled aherte were qnlek to real-
lie their proflta. Thereafter the market
ruled quiet and ateady at a nllrht .leelln.
until the iMiuner of the gov-raaMWt’a
Don res nf S3.2 for tb« condition of the crop
np to the atb of June, whereupon a ra-
actlon let In. bat nftra mature reSeetlon.
the trade seemed tn arid re at the ennela-
slon that tbeae dgurea were not eo bnlU.b
aa bad at drat been etwehlered. and aader
the ladnence of free offerlnr. Brice, acalo
fell away. Aa fa, as prewnt da, prne-
E: r b
wkleb waa nolr broken hr timely ran,a on
eAWraTi'SlJSi
the date of rotaulling
denoted a sufflciekcr
■re sSSSS
GIBERT A CLAY
• *• AUbama ST.
ATLANTA. OA.
coerce. paoviaKMta
MCMBKRIl
$£ Y T 4?r!l!2 |M9Mira.lNVw K*’ hanr-.fCbl«£0
■SB9«^g-|x;; «;!3K ssa V.ri'rii:
J - ** 1 And Long Olatanaa Talaghen* 8»*1‘ KlLk '‘ I ’Vf. R. FAOAN, Manaoar,
STOCK MARKET
OPENED ACTIVE
IT WAS AGAIN UNDER SELL
ING PRESSURE
A Pew Fractional Losses Followed
the Initial Dealings— Vim
Was Lacking.
By Private Leased Wire.
New York, July 3.—Tho security
dealings today* were governed entirely
by the consideration that a market
which had been going down continu
ously for a week, with resulting losses,
an entitled at least to some sort of a
rally. Even those who believe that the
tendency is still downward, ami that
the low’ price limits have by no means
been reached, were willing to admit
that tfiis Idea was well founded. Ac
cordingly, th«» morning's operations
J given over chlofly to buying in
against contracts for tho decline, add
ed to which purchases were made
freely by professional operators who
saw the opportunity of a small profit
on the long side. Under the buying
from these sources prices rallied very
sharply after a half hour or so of un
certainty at the opening. The stocks
which have been sold most heavily for.
short account, such as Reading, Penn
sylvania, Union Pacific, Copper, Smel
ters and Colorado Fuel, were the ones
which rebounded the swiftest. Tho
lower priced Issues nnd stocks whose
movement is slower made only a frac
tional gain, while many of the manip
ulated pool specialties made no re-,
sponso at all. The utmost that could
be said of the day’s happenings was
that they revealed a good undertone
In the market and a cessation of li
quidating sales without carrying much
conviction that the turn for the better
was anything more than temporary.
RANGE OF NEW YORK STOCK MARKET
lOpsn]If Igh .Lovr.lClos*
icrlcan Smelting Refining
do preferred
Brooklyn lCaj-M Trnnnlt
t'nniidlnn Pacific
Chic
nnd Northwestern
id uhlo
ora do Fuel
i trnl Lent her ; !!••••
do preferred
icago and (Jront Western
eago, Milwaukee and Kt. l'wul.
aware and Hudson
tiller s Securities
Klei
oil
trie
mmylvanln
vised steel c*r!!!!!!!!!!!!
do. preferred
Pacific Mall
Rending
Republic Steel....,
Rock Island
do preferred
United Staten Rubber
do. preferred
Blons Sheffield
Tennessee Coni nnd Iron
Texas nnd Pacific.,
*'nlon Pacific
uited State* Steel
do. preferred
fflnln-CarolInn Chemical..,'.,
do. preferred...,
STOCKS REVIEWED
BY NEW YORK SUN
New York. July 1—The Sun says: "TJie
•tack market was one© more wholly under
the Intiitenee ,.f heavy U^qatUMr SajSS
the
9SV4! 97S; 95V 97HI «%| 9Ni
131*4 1234 131*11 133 , 1324 1?~\\
128*4 12»» 12841 IB I 129 129*1
2^4 2:0* 23T. 1 237% 237% »4
07%i 86% 05% 05% M «%
I 115 I 113
ltl%: 143 1414 14't 143 1 141%
114%. 111% 1144 114% Jll%
80‘aj w%| 004 K(t% >»;%
W | 9H%| W j M% 9S%
28% 29 I J8% VA\ 28%l 28%
11541 11641 115 . 115% 115% 114%
74 | 75 73*, 74% 74%| 74%
158% 1W% 157% I5s% 15* . ]5s
196 196
1'Jd 1 100%
10%; 10%
2u;% 2-is
183 | l«:i
60% 50%
39% I 40%
1031 163
173
193 19.1
- f 54%
6% 40% 40%, 4f.%
34‘| 35
100 ICR'
::4'i
:l«
NOTES ON GRAIN
Pointers on Provisions.
rhent
• Ulbert A Fin
8.-The
the pr
Bouthtree
ept fr;»i
ofTeHnga from tl
port, specula tire
shorts who covered freely
speta. ImllcntloiiH nre that cash wheat will
still he pressing for sale uni that it will
accumulate in primary market*, ns milling
demand Is slow nnd uothlui; going for *x-
port. The only bull feature in tho possi
bility of a scare In the northvort, but that
appears remote at tha
id oats
nope
boujiht
and decline pn
** ’ * ** iV* look fi
to i
I'D 100
10*4 l*>%- 16% 16%
161% i«l%| It’.! | 161%
66% 66% 66% 56%
39% "* “ ' ***’
161 161%
i;4 N; 173
iav
161*.
47%
12i% 124%
MV% 89
43 43%
*80%
1177%! 113%
25%: 25%
23% j 82
«* I '44%
*53%
334 38V
» w
»••'♦% 69%
145 145
304 30%
14)%' 142%
82if n%
99% 100
:u% 34%
I 110%
! ll»%| 19% 2d
1 88% 1 86% 1 SS
! «*j m\ fi.
I 193% 193% un%
— | 129 138
** S6
1£%| 124*5 J. ■*
_ ... 4.
84
30 , 29%
IPJI5 —
141^; I4ts
RANGE OF THE COTTON MARKET
AT NEW YORK.
than tha low level touched In tho break
following the 8an Francisco earthqudke.
while some of the prominent stocks, fpeh
as United States Stool shares and New
Y'ork Central. Pennsylvania and Ainalgn
mated Copper Btocks inndo new low rec
ord prices for tho year. In the forepnrt
of the day, tho market reflected to a great
er or less extent views which, nt the close
of last week, seemed to find considerable
adherents In the financial district that re
cent declines In stocks had been excessive
and aji opwafd renetlon. If no more. In
price* was due. Thin was nsslsted by n
visible Improvement In sentiment In the
London market, but although prices for
American stocks were higher. In London
than they closed hero on Saturday, the rise
rp by no purchases here for
it * ■* ** *
y
was backed
foreign sceonnt to speak of, and, lhereforo, J
although In the first half hour of trading
here gains of n point or moro wero made:
In many stocks, these soon disappeared
under an outburst of selling for both nc-
counts. Thereafter during the day the
market, although uncertain nt times, wna
n pretty generally weak one. One drive
after another was made at It, end on ench
occasion following these onslaughts the rnl
lies were feoble.
weak this morning lit nntlclpatlon of
bearish bureau report from the governmenL
hence onr market opened easy at a decline
of 509 points. ‘ *■ "
baying ko( 1a 1 .
were glnd of the opportunity to get out
before the report was Iftsued. nnd prices
returned to about yesterday’s finals, where
they played around until the government
figures were read. The figures reported
showed a decline in the average coudltlon
of L8 per cent from the Jnnn report, which
wwa a distinct .illsnppoltitnjent to tin;
b-.tr*, and the market ran ap about 10
-r_._ .. speculation has been sc
a.u,.,«-%* that the market l« prac-
tlcally fr„ of w««k iliort acoount,. nml
lh<- run awaj whlrh haa b„n lalkwl of w«,
ranrt-llrod. With this nport. out of th.
way. and tho crop now Jait .ntrrln* tbo
two mo.t crltlnil niontha of tho muon,
wo brllovo cotton abould ho purebasod on
all rwonloD,.
PIEDMONT BROKERAGE C0.’8
DAILY COTTON LETTER
Now Yortc, July 3 Intercut cont.rod to
day In tho monthly yorernment report,
wlilch wno l-.uc-l at Boon, ahowfav tho
lltlon of the crop at 8J.6 pw cant. >
d with 64.6 U,t month, 77 per
year and M In WN. Tho report, which
was opoetod by tha profsa'danala to b., at
least, *Tto 67, was (fUapjmlnUia to them,
and considered bullish by tho trade.
After openlns down 60S points on weaker
esbles, Tho market h-esms steady, and
rtt'fr TgXPn?. SWftg
-■ft* hit rains wideh hare Ukes pUcs eln.v
the compilation of tho report do« not
r tbo Improved condttfon since that
>. Llrerpool soot an lea. continue small,
the demand from boos snlnnera con-
„.,„ea larpc. We do not look for anythin,
moro than n trading market at present
COTTON SEED OIL MARKET. •
Tort, Jaly 1—Tha market for cot-
Kt oti was eery qnlct. with Irani-
aetloas eotnpriaed mostly of nrnfeaatnnal
switches. Tha inly imsltloo Is still nn-
certalo, and while oSerinn were small In
this market, there was apparently Terr lit
tle wanted. and the whole trade held off
for the porernment report on cotton today.
The atrength In prorletona waa the atlmu-
tatlnf feature, with aoate Increased Inter-
cat shown among foreign bnyera. The mar
ket at the clone waa nnchanged to He
hlaher."—Ware 4 Letand.
‘ Otienlng. Cloae.
33i, «3i,'-4
5*255
Per..:::::::::::::: ^
°X£, h S> juljrai’ii'and foiXiafSfflL
Closed steady.
NEW YORK COFFEE MARKET.
Following is given the m>cnlog
quotations of the New York «w
today:
aStsr^..:::::::
g.:::::::n:::
June
July
Aeguat
iiptfWt ......
October
November
December .......
Closed steady.
Ooutline. (*loslnr.
6 7M.m LfH-W
5:5
1212
(N4.K
Tho following Is tho range In cotton
futures In Now York today:
_ .... * Last Previous
Once. Illch. Low. Hale. Close. Closo.
July. .10.15 1 0.26 10.14 1 0.22 10.22 23 1 0.24 2T.
Anir- -1"-" 1'».32 10.19 P.27 J 1.27 28 10.27-2*
Kept .10.20 10.84 10.20 lfiJD 10.27-29 10.24-3.7
Oct. .10.19 10.31 10.16 10.27 10.26 27 10.23 24
Not. .10.21 10.21 10.21 10.21 10.27-2# 10.24-M
Dec. .10.23 10.3H 10.23 10.80 ia804t ll£-V
Jan. .10,27 10.40 in 25 lu.34 10 34 35 10..U-8I
Feb. .10.26 10.28 10.26 10.28 10 3V37 10.34-30
.Mch. .10.84 10.48 10.34 10.48 ia42-44 10.4^43
Closed stonily.
AT NEW 0RLEAN8.
Last Previous
Open. High. 1.0w. Bale. Close. Cl
July. .10.97 11.(8 10.92 11.05 11.02-03 11.0445
AUf. .10.48 10.58 IM? 10.53 10.54-55 10 51 66
Hept .1080 10.80 10.») 10.» 10.8C48 10.33 34
Ort. .10.15 10.26 10.14 10.12 10Jl-p 10.20-21
Nor .....
Dec. .10.20 10.29 10.18
Jan. .10.25 10.82 10.25
Feb
Mch.
Closed steady.
I lnjB-PMM
l'J-24 L*> 10.2324
I” 3131 i'.' :n
DISTINCT IMPROVEMENT
SHOWN IN GROWING CROP
Now Y'ork, July 3.—The Sun says: "Liqui
dation on thn eve of tho-govcrnniont report
to bo Issued today ■ caused a moderate do-
cllno In prices. Tho decllue was doe partly,
however, to quite a favorable crop report
Issued by the Timcs-Dcmocrat. It shows
that, ns a rule, qulto n distinct Improve
ment took placn during tho month of Juno.
Resides. Liverpool was dull and disappoint-
lug. Fall Rlror advices liulb'iitlng tuo pos
sibility of stocks accumulating there, labor
contracts nro beginning to expire, tho
weather was generally favorable and Wall
street nnd other operators sbld. There wun
a good deal of evening up of transactions
pending tho nnuouncomont of tho bureau
report, and Jf possible the mnrkot nan war-
rower I bn n c\er. The guesses tbo bu
reau report to bo Issuea today run all tbn
way from 82 to 88 and ovou n little higher,
bill is i rule I hey lire nhotit 8! to 83 ms
ngnlust 81.5 last month, 77 a yonr ngo and
88 In 1304. tho high record yonr. Tho Hous
ton estimate whs light, spot markets In tho
main wero firm nnd ovon soma nf the boar
10 points In New Orleans, where Frank II,
Huy lie Is snlil to bo tho principal bull,
IS points here, but much of the loss
was recovered later.”—Glbcrt & Clay.
THE LIVE STOCK MARKET.
Iiy Private Loused Wire.
Chicago, July 3.—Hogs—Receipt a today
17,000. Market strong to 6c higher: quali
ty fair; left over 4AM; bulk 1c .*_%•
estimated for tomorrow 27,000; light J6.W
9117%; mixed M.459C70; teavy |6 25©6.JW;|
rough 18.259*140: pig* |S.609«.60: yorkMjJ
|6 801j6.86; gwsl to choice heavy 86.80C(6.9aH
1 Cattle—Receipts 6.5a). Mnrkot strong:
quality fair; beeves 14.1036.15; cow* |l,3'rft
4.60; nelfors I’.lo'u'. 15; calves 8598; good
rinio sters 15; poor to modluni
t'«Vtf5.20; stockers and feeders 12.6 I 45.
[Bheep—Ksilmatod receipts 10.000. Market
BANK CLOSING- NOTICE.
Wednesday, July 4th, fa a legal holi
day. Tho banks composing tho Atlanta
Clearing House Association will be
closed for business on that day.
JOHBI’H A. McCOKP, President
DARWIN G. JONES, Manager.
CONDITION OF GRAIN IMPROVED.
Chicago, July 3.—Snow's crop report for
July 1 shows condition of winter wheat nt
hnriest 87.2. ngslnst 88.1 last yejir. Upou
this basis the crop should ninko 440,7"o l (H)Q
bushels, cninnnreil with his estimate of 437,-
000,(X» bushels lost yonr. Threshing returns
so fur available fully Justify harvest ex
pectations.
Hprlng wheat condition gained nearly 8
points during June nnd now stands at h8.4.
ugnlnst 90.8 Inst year. ICxcoss of rainfall
nnd some appearance of red rust In tho
. gainst 0.4 Iasi siifi
Unts show n further decline lu prospect
during June, mainly In .Nebraska and Iomm
with tho general storage on July 1 standing
at 82.3. iignlnst H 8 June 1 nnd 91.8 last
yonr. This would Indicate a crop of rather
under MM0QU8QP bushels or fully 10,00U,(W
bushels less than last year.
high price* checked
* ~ lays has been duo tu
prices to go loner.
— .... .... ' - (his >i«r‘s
"rop of winter wheat will make a remark-
able slewing, lb- Ihture* tluit It will l>«
nleut four pounds heavier por bushei than
last year's winter wheat, or above hi
pounds, ns against a little over 67 pound*
as the weight Inst yonr. Hack extra pound
Is cuustruod to mean about 7.000,on) u
actual weight than the actual weight
last year’s total measured bush'
would mean that the 19^1 prop wo__.H___ w
out about 3H,(J0 ),0«) l.iMlich h-ulri III-,
last year's. Iuglla estlniati-H that this yonr
winter wheat crop is easily 40.0)0,000 bushels
larger than Inst year, but ho contends that
the I'M.', it ! t. t u t .• u.i- ton high
"'Wheat must go ultimately to an ex-
port basis,* said .lames I». Templeton, ’but
1 consider that hedging snles of July
very dnngcrnu*. A wet harvest would i
’ulv to lo premium over dMttawr.
"Cash grain houses iiuatilmnunly reported
that southern Illinois. Oklnhmnu nml
Kansas C*lty dealers were rutting loose
freely with their offsrs of now wnent to
OPENING IN WHEAT
UTTLE_ CHANGED
WEATHER NORTHWEST AND
SOUTHWEST GOOD
Cables Were Responsive to De
clines in the Chicago
Market Yesterday.
this market.
rh«s
of
•crop wheat by this
Chicago, July 3.—Wheat him a weaJI
turn early on the clear weather In Ui«
. .,f I winter wheat belt and northwest. Fret
This | selling of new wheat over night from
southern Illinois mainly nnd on pro-
ftsklonal selling pressure. The pro
fessional selling was overdone, shorts
were buying nnd a few larger longs re
instating later on the atrength In corn,
the announcement* of export sales of
64,000 Manitoba, wheat for export and
on newa of a disposition on part of
some Illinois growera to stack nnd hold
wheat. Snow Issued a report Indicat
ing 440,000,*)00 winter nnd 266,000,0m)
spring wheat or equal to 723.000,000 all
told vs. promise of nbout TOO.uon.mjo
from government June 1st.
hmdu-lM.
heat from Oklahoma, but there
fair sprinkling of silc* from south
nols. I'robsbTy a half doxen rare
wheat from both sections wero on tho local
plo cables yesterday.”
■noports here say heavy rains southern
Minnesota which map does not snow,
Chicago Inter-Ocean: Deliveries on July
trades yesterday exceeded expectations both
at Chicago and Minneapolis. In tho latter
‘icy wero 1.61*7,ow bushels which won!
ie mills. At Chicago Hulburd Warren
H. Oooto delivered most nf the 96i
lient sent out, which wns taken lu largely
by Frlnglo.
Deliveries
Interest*, of
lar<l 2.76<) tierces nnd short rllJH H|
pmintl*. Wells, Iloyd, Ltmliam nnd llntely
delivered most of the provisions and Ar
mour took In tho short ribs.
Gash buslucss lu wheat In Chicago yes
terday wns small, being confinod to car
lots for shipment to mills. No. 1 northern|
was 2'ic over Heptcmbor nnd old No.
red lc lower.
Hales of corn wero 200.000 hnsbels, partly
for deferred shipment, nml of null Nt.'MM.
Charters wero made for 2)0,000 corn at
l%p nt buffalo.
A well Informed Minneapolis man wired
There Is only one little sore spot In thli
nnd that Is around Hillsboro,
'^tiling Is perfect out-
North Dnkotn
side of that socUoo
Drought In Argentine, which wns begin
nlng to be a factor In the whept market,
has been broken. A cable from Argentina
snys: "Wheat shipment* will b«» light. Ow
ing to rain tip conntry produce Is coming
forward slowly. Rainfall general, nml win
do much good. Kvery prospect of tho rain
days.”
NORTHWE8T CAR®,
This
fooit
No. 2 hard 1,474.517
No. 2 rod 11.917
No. 1 Nor thorn,.., 747,541
Total
Coro, contract.
Oats, contract 279,6<i3
New Hpnnlsh ltdtlo
lmmc<llnl<-ly. They
In Chicago:
324,000 419,000
to he enforced
Minn, npolls
Duluth „„
Chl< ago ...
Wheat
Corq .
Date ..
Hogs .
CHICAGO CAR LOTS.
Today, Tomorrow.
::::::::::::::::::: >11 w
LIVERPOOL DRAIN MARKET.
PRIMARY MOVEMENT.
Tho following figures shew tho primary
movement of wheat and corn:
Wheat receipts today. 285.000 bushela,
against 174.00*) bushela Inst year: shipment
today 214,000 bushels, against 336,9*j0 bushel
last pur.
Corn receipts today. 987.000 bushels,
against 1.111,000 bushels last year: ship
ments today 460,000 bushels, against 81.0W
bushela last year.
MONEY AND EXCHANGE.
July 3.—Money 2%©2%; last
loan 2%: dosing nt 2 per rent.
Foreign exchange mnrket: Demand 84.8435
64.5445; cables 84.847564.MM.
ATLANTA NATIONAL BANK
ATLANTA, GA
C. E. CURRIER, PrMld.nt- A. E. THORNTON, Vlo—Pr.ild.nt.
H. T. INMAN, Vlc-Pr«,td.nt. OIO. R. DONOVAN, C„hler.
JAMES S. PLOYO, Ati't Cuhlr.
Capital $500,000.00
Surplus and Undivided Profits $500,000.00
We Solicit Your Patronage.
lowor on other l
A wlro from lfarvcy county, Knn., says
"Where tnrashlng from 15 to 18 bushel'
was expected. It going 23 to 36 bushels.'
Jones figured on a basis nf 15 bushels.
CHICAGO GRAIN MARKET.
The Chicago grain market ranged as fol*
today: |
Open,
WI1IBAT—
July. .. 79%
Kept .. V'%
Dec. .. 81%
CORN-
Joly. .. 51%
Hrpt. .. 51%
Dee, . . <9%
OATS- .
July. . . 88%
Kept .. ML
On
High. Low. Close. Closo.
1*0 RK-
July. . .17.88 1758
Sept. ..!*• !♦-■% 17.pl
Jon. . .14.98 14.90
LARD—
Jfity.
Sept.
Oct..
HI DEB-
j'Ih
17 12%
16 90
10 87%
H.-pt.
Oct. ,
»# rff
Cash wheat. No. 2 retl 84%; No. 2 do 900
81%: No. 3 hnr.1 winter 79%bs.*%; No. 3
hard winter 75081; No. 1* northern spring
MS; No. 2 do 82%^S4%: No. 3 spring 7$
\i vi.
SOUTHERN EXCHANGE
Oldest Established office South.
conos STOCK BONOS SRill
Ground Floor Oould Rtilldlng. Dally
mnrket letter and market manual
mailed on application.
LJ. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, 6RAIN
Corraspoideit's Capital $250,000
RIFKNCNCC, THE NCAL SANK
PHONK I4IT. enUDINTIAL SLOG
$14,250 LAND NOTES 6 PER CENT
Made by one of the wealthiest
men in Atlanta and equally
indorsed.
No Brokerage Nor Commission.
Address
LAND NOTES,
Care Georgian, City.
J
HUBBARD BROS & CO., St,
Atlanta Offices, 219-221 Century Building.
Members New York Cotton Exchange, New Or
leans Cotton Exchange, Liverpool Cotton Asso
ciation, Chicago Board of Trade, New York Cof
fee Exchange, New York Produce Exchange.
Business solicited for the above exchangee.
Direct wire service. Correspondence invited.
Phones 454, Long Distance 39. A.S. Huatecc, Mgr.
a bleb tb« crop la
WM. L. PEEL. PrraMrat.
ItonT. V. MADDOX. M«»Pra.
Ntw OrltiMf
LELANO
IST5nS, STOCKS, BONDS,
I,. 2 W.U SI., r.l.n I.IW.I, tilt til. Cl
WARE A LEL
COTTON, GRAIN, PROVISIONS, 5
mums.
MADD0X-RUCKER BANKING CO.
CAPITAL $200,000.00
SURPLUS AND PROFITS .... $500,000.00
ACCOUNTS INVITCO
We invite accounts of individuals, corporations, banks
and bankers and offer the best terms consistent with
conservative banking.
rest at the Rate of 2 1-2 per
itllPh«•* 1242.
On««f« lin( ft Tr%4*.
C>/<*«• St»(I iMfhtlfft.
Nt* Ytrk Cofftt
fl. C. C0JNNAN. Mai
PIEDMONT BROKERAGE CO.,
(Incorporated.) Daaemsnt Floor Piedmont Hotel. |
STOCKS, BONOS, CRAIN. PROVISIONS. INVCSTMIMTS,
Fast Wire Servico from New York, Now Orleans, Chicago.
COfiaCSPONOZNTS
M. J. SACK A CO.. 4i SROAOWAV, NCW YORK.
f0Hr. MOTH, Dltftatt 9tll PScm 1391.