The Atlanta Georgian. (Atlanta, GA.) 1906-1907, July 03, 1906, Image 11

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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.