Newspaper Page Text
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THE ATLANTA GEORGIAN.
■ s ■
11
EDITED BY
JOSEPH B. LIVELY!
THE GEORGIAN’S RECORD OF MARKETS AND FINANCE 1
\fr. Lively’* 26 years* Mp«r!cne*
Df editing markets in Atlanta nml
the 1 Bouth hen made him a rnr.-
oguleed authority In bis specialty.
Ml IS DULL
m miliss
IjIVERPO®^ OVER THE HOLI
DAY WAS FAVORABLE.
NEWS AND GOSSIP
Of the Fleecy Staple.
flto Wire to Qlbert & Clay,
'V York, duly 5.—Liverpool at 12:30 p.
vns 6 higher; was expected to he P
The New York Commercial gars: It Is
itated by large cotton mill Interests that
“oarse yarns for distant delivery the mi.
oft, ami that mills ure willing to
RANGE OF NEW YORK STOCK MARKET
New York’s Response Was Fee
ble-Weather Over Belt
Continues Excellent.
New Orlei
ast is for generally- fair weather tonight
xcept showers In western Texas. Friday
fair in Louisiana aud Arkansas and west
">xns; partly cloudy for the balance of
i*» distlrct.
Today’s map Is, with the exception of
light rainfalls on the Atlantic const, very
' with - --
generally cloudy.
Up to midday, the market for future
delivery In New York was featureless, the
opening showing unchanged prices to an
idTance of 1 point ns compared with
Tuesday's flusl figures, which was a poor
response to the advance In Liverpool over
our holiday, that market being 6 polnta
higher since Tuesday.
Liverpool this morning advanced the spot
orice 2 points to «.fc; sales 7,000 bales.
"The weather ovar tho cotton belt con
tinues favorable for the growing crop, a
bearish condition generally, but the bears
are not acttroaalra: la fact, they are ap-
oarentiv taking little Interest In the mar
ket while the bolls seem to be satisfied
If prices can be held steady until such
time as present prlceascan be made to look
Attractive to buyers for Investment. They
claim this time will come In the near fu-
IU The bears have no conclusive argument
to offer for lower prices. They would have
the cotton trade believe that rrop pros
r ite are brilliant, and that a big crop is
prospect, though as yet they have not
claimed It will be ft record-breaker, and
appear n little doubtful ns to whether it
will equal the previous bumper crop,
which, the bulls claim, will not leave any
too much In the visible supply after the
world's requirements for consumption Is
•ttlsflcd, to carry over into next season.
Texas shipped Its first new bale of cot
ton to New Orleans yesterday. Last year
the first bale from Texas was received In
New Orleans on July 14, nnd in 1904 on
July 6.
The following telegram was received by
a local exchauge today from New Orleans:
The first new bale has been shipped
Hour exchange to be auctioned: the pro
ceeds to go to the charity hospital here.
It Is further said tbftt the lower lilo Grande
valley contains 1,000,000 acres, half planted
In cotton, ana will produce 1,000,000 bales,
and that the other half Is planted In cane,
and that the United States need Import no
more sugar cane.'^^R
(lr>, whu «rn
Mississippi riv_
Lantern forecast Indicated fair weather
both tonight nnd tomorrow for all of the
sections.
Market Is featureless. Tuesday's report
Private Wire to Ware & Leland.
New York. July 6.—Cottou market opened
quiet with light trade and no special fea
ture. Scalpers disposed to sell,
Liverpool cables: “Steady, featureless
NEW YORK SHOWED GAINS
AT THE OUTSET.
After the Opening Trading the
Stock Market Continued
Strong.
1 [ I Close Prev.
||Open]III(h Low. Close llld. Close
AinaIgamated Coppe
Atlantic Coast Line
American Sugar Refining
Anaconda
American Locomotive
preferred
can Smelting Refining.,
American Cotton Oil.
Baltimore and Ohio..
“ Jkijn Rapid Tn
NOTES ON GRAIN
Pointers on Provisions.
„ new cotton.
For the half week, receipts at the In-
..•rior towns are 4,707 “
187 last year and
bales, against 10,-
Shipments 8,748, against 22,’452 last year
and 2,927 In 1904. _ .
Stocks 118,176, against 122.217 last week,
137.414 last year and 68,416 In 1904.
July in New Orleans Is gaining strength,
ml a sharp advance was scored during
ic morning trading, celling as high as
11.18. It la thought there will be some
thing sensational doing In that option be
fore it passes out
SPOT COT1 ON MARKET.
Brownsville, Tex., July 4, wires: The
■ ' —*—mM—i In tho United States
efghs 660 pounds, clash'
hipped I
Club by
- >P
rood middling,
Irnwnsvllle Business Men
,>ew tors—uuiei. iu.au.
New Orleans—Quiet. ll%e.
Liverpool—Steady. 6.06d.
Augusta—Quiet, II 8-16e.
Savannah—Nominal. 10%c.
St. Louis—Quiet, 1074c.
LIVERPOOL COTTON MARKET.
quiet, with prices steady; middling
lands 6.08; sales 7,000; Amerlcau 6,200; spec
ulation and export 600; receipts 23,000;
American 22,000.
Futures opened steady.
Opening Previous
Range. Close. Close.
uly 6.7W40 6,7* 6.79
uly-Auguat 6.74-5.75 6.
August-September.. 6.67
fcpt.-Oct
Oct.Noveraber,,
Nov.-Dee
Dec. Jan
Jan.-Feb. . . ,
Feb.-March. .
March April. .
Closed steady.
MlMf 6.66-6.07
.6.614.69 6.6S 6.68
.6.644.66 646 6.64
..6.64 6.64 6.63
..6.63 6.64 6.68
...644448 6.65 6.64
...6.66 6464.67 6464.66
.647448 6.68 647
TODAY’8 PORT RECEIPT8.
1906
1906
N«w Orleans ..........
Gtlvestou
Mobile
Bmnnsh
Charleston
Wilmington
Norfolk
{klttmore
Vw York
Boston
Philadelphia
.| 233
981
199
1S49
£
in
1
-8
161
**80
184
,
Total
1824
070$
INTERIOR MOVEMENT.
Houston
Augusta
Memphis
St. Louis
Cincinnati
Total
Tf
1612
1
GIBERT A CLAY'8
... DAILY MARKET LETTER
-Irjrani, July 6.—Liverpool elo.eil
SJi J *• lo *» of 1 point OD .Milliner mouths
|i,i ** “ .lrall»r advance on ill.'nnL po-
fh. , i'i Sput *•••• amounted to i.uoo balm.
Si •“ quouUoo. Win* ralaed 2 point*.
y.fO 1 dl.turt the cuitntuary ipilctuilo
EnHS.W- TuMdax’a Biuroa. however
mar be cunatnieil by »omf,
Ciwm * 1 . n “ petcepttbia chance In the
KRiti7L“ f .!“.e *° lon |' prara7lln* aod
a 2™ at *U> *v* only ao In creatine
p“?"J>n>no<uiert aplrtt of conaerrntl.m.
Iraee'leV* 1 **?* 1 reference to the nrovn-
aSu„. 2J»j w moisture In localities of
erm SL The long ox pec ted
with Bt ^ foils of realization, and
d®y of the present
terHu * **•*&•*» Dot only t * 10 P°&t ma-
Kat^in tP roT * B ! **** 11,80 1,10 ®bort In-
kaitfi fln<Ja wore h«*-
of d£uSS{5uJj{*** aiM * bencu more difficult
< ttSSfVI'll* *—WHKAT-Fnrnml.Ie
l> r *mor. :,°™ ltlo 2? . onr ,b * holiday nml
WrT.i. ,r ®? houae* who mode Inrsc
r-wlSdln 0 !. 11 -* wlmat over Wedneatiny
ilironfhoMt Ik* r»lln* rather went
Uttk,*™ JOMUm. Burin* the
'the PVOftl-tnklnjr l,y
* reaction who sold early, resulted in
If He. Whlfo It looks as
rseeat it3Er2LJ nm order nfter our
the dtustJi* tS*? 1 **' ther,f U n °* h!n * In
“ tl " D wo can see at the mo-
i 25,450 boles, against 23,137 last year.
WARE A LELAND’8
DA ILYM ARK ET LETTER
New York, July 6.—Following the month
ly report here Tuesday, the Liverpool cotton
mnrket advanced rnther easily gome t
polnta during the holiday, so that there
was little disposition to sell during the
session today. At times the mnrket was
practically stationary, with prices fluctuat
ing leas than for some days. The range
proved less than 3 points for two hours.
Under these circumstances, Httlo attention
wns paid to news. The most Important
was that from a news agency stating that
tho Georgia report was far from glowing.
In view of thu decline of 5 points In tho
condition of that state during June, the r«-
—t attracted some notice later in the day.
general, however, the market failed to
respond to news of any kind. About the
only trading was that done by profession
als. It would seem that tho failure of
prices to decline at this time Would mean
thnt nil the best nows had failed to drlro
tho price under 19.26, nnd for thnt reason
shorts were Inclined to cover, fearing nrt-
verse developments during July or August.
Ir will require tine weather lu carry on it
decline, and the market is now in a con
dition where tiny change for the worse In
tho crop would start buying. There Is
little lu the market beyond buying on
every break and selling out on bulges.
Chicago, July 5.—Wheat—There was
quite a sharp break due to largo re
ceipts nnd tine weather In the north
west, In fact weather conditions were
perfect all over and local sentiment
was made bearish to some extent, by
tho fact that country acceptances were
quite large, with July sold against
thorn. Support appeared, however, with
shorts covering to some extent, al
though the northwest sold through one
set of houses and bought through an
other*. There were reports of black
rust from various sections of Minne
sota. and North Dakota. At the close
sentiment was somewhat mixed, but
one thing Is noticeable—that Is, around
present prices bears run very -quickly
whenever the market shows any dis
position to advance.
Dorn There was selling early on tho
fine weather and car lots showing over
tho estimate, although trade w'as not
very extensive. The Patten house was
buyers of May, while local operators
and tho crowd bought September, and
the market displayed a stronger tone
than many In the trade looked for.
Oats—Trade was rather small at the
start, but heavy selling appeared in
the September kind on local account In
a realizing way, duo to Improved crop
prospects In runny localities, offerings
were rather liberal for deferred ship
ment, and the closing was easy, with
prospeovts of prices working a little
lower.
# Provisions—-Very little trade In pork,
with packers on both sides of lard and.
ribs, and while considerable bullish talk
was heard, due to the advance In hogs,
there was not much disposition show*
to tako on long stuff.
New York, July 6.—Short covering was
tho chief sustaining Jictor of the stock
market today. Following tln» movement
started Tuesday and continued IVodneiidiiy
abroad, tho demand from tl *
tenaed untli the list gftloiHHHH
of stocks over 6 points from the low level.
The mnrket Is entitled to a fu|;ber rally,
but the bear party Is not disposed to give
up without a struggle. It will only retreat
as the powers send bujing orders into the
market, nnd they do not appear to wish
to follow Up buying by bidding s •-
as yet. The technical conalti „
market Is very good, and we think the
short lnt.Tfxt Is \.-n s - i» 1 • rv 1 1ii*•
ness was shown by the action of tho mnr
ket abroad yesterday and here today. De
velopments Indicate a change for the bet
ter, and wo do not believe that much will
be accomplished l>y the boar party, for
ninny stocks are at the Intrinsic level, and
below that they do not remain long as a
rule. The prospect favors a trading mar
ket for a while yet, but we rrf her-lean to
the theory of Irregular Improvement after
tho fever that usually accompanies the pres
ent condition of tne market shall nave
worn away. The professionalism of things
makes a severe punishment of the bear
party entirely within reason, nnd It may
come suddenly and without warning. Con
servative operations are still recommended,
but tho sign of a clearing atmosphere most
not be Ignored by those who desire to get
the best results.
which hod set in lu Tuesday's market
tinned lu even more decisive fashion today.
Whnt little developed over tho holiday was
In the luuln fnvorltble to the mnrket. The
Hank of Huglnmi made a poor showing in
Its weekly statement, the proportion of
reserve to liability falling from s7W to 41\
per cent, but this was no more tbar “*-•
normal extent of tho shrinkage la the
of tho quarterly settlements. In a fort
night's time, If precedent is followed, the
loss In the reserve ratio will .be fully re
stored. The statement of tbo flank made,
therefore, no particular Impression upon to
day's dealings abroad. On our aide au
engagement of 31,60).000 Auatrlian gold, ur-
ranged j'eeterdny. was well received, but
as against this the local banks lost I.OO.Ow
to the subtreasury la the 4H hours up to
this morning, destroying all the previous
gain on the week, lu tue local stock mar
ket It cut only q perfunctory figure. The
advance In prices was based chiefly upon
tho betterment which It was felt had taken
place in the market s Internal position ns
the result of the recent extensive liquida
tion for short account.
The mnrhot opened after the holiday with
generally higher range of quotntloun for
American securities sent by London. At
Hit- out set the market showed galas. Great
Northern gained 1, Anaconda gained 4!*.
Amalgamated aud Colorado Fuel gained
per cent, nnd American Smelting wm
point; Steel common advanced % at
preferred made a similar gatu. After the
opening trading tho market continued
strong with the opening level Improved.
The stock market ruled strong nil through
the first hour with Loudon an Important
factor on the bull side. Amalgamated sold
as high ns In London, when It was 98H
here. Arbitrage brokers were good buyers
of Amalgamated, Hfeeln. Union Uaclfic and
New York Central. The way stockH moved
up induced some urgent covering of shorts.
rtmiml„tnn hnntAI ,1l<1 * fair DtlSlUOSS OB
STOCK SALES.
11 a. m..
12 noon ..
. □>..
2 p. in..
..304,700 shares
..896,2b.) shares
..607,400 shares
..617,200 share
MONEY ON CALL.
PIEDMONT BROKERAGE CO.’S
DAILY MARKET LETTER.
mont to warrant any permanent racorery.
POI1N hoe shown coulderabte atrenath.
Offering* nnd unlos by the country hart
been light, nml there haa been «pecnUtlTt
buylnc of Importance la the pit. Offerln*.
were scanty, tho market bartnc no praamsr.
from cash com. Hhlppcra ctaho that con-
•Iderabla corn l> p>ln= forward ateadlty to
nr.ply on aalea prerToualy mada to tbo
eiit. Shipment! today wera l*rf*r than
the receipt*. Would taka proflta on any
further advance. '
OATS were lower on unloading of cool
!f c?o£aln “tl.trfeta 1 J5r7ahorta«aa ran
wer. r *£fe d ^K^ k.’ra* of'rak. ‘Sft I
PRO'PlwoXS 'ranjted 11 "hlfhar on fair
were eranty. Adrlse purchases on at! re-
cessions.
1 *• ALABAMA t
GIBERT & CLAY
ITOCKS. aONOS.
r. COTTON. GRAIN.
corree, provisions
ATLANTA. OA.
>S AtriSS £ ,r v ln g*! ? ' v,r Orleans Cotton Excnange .JCMcago ,. _
WSEgSx 8s3 fh irsaySsi
'“•ttl * nd L«ng DJaUns. T^lephona*S&t! ElUwli Q; r, FAGAN, Manafltr,
New York, July 6.—Extreme dullness lu
tho cotton market today. Liverpool did not
take tho figures of the government as bull
ish, nml spots there wero a couplo of
points lower, with smaller sales. Tho con
tinued excellent reports of the growing crop
Is encouraging the shorts, and they oro be
coming more active. Tho fact thnt the
first new halo of cotton has been reported
from Toxns, but tho eventful yield will de
pend on conditions later In tho season.
STOCKS—The tendency of tho Htock mar
ket this morning wns In the direction of
better prices, net gains being recorded In
the majority of Issues. Covering of shorts
wns chiefly responsible for tho Improve
ment, and while very UttJo outside busi
ness was reported, sentiment seemed to
have changed for the bettor. After two
weeks of severe decline, n sharp rally was
due, nml advances today were from Wit&
points, Reading. Pennsylvania, St. Paul,
and the Steel issues showing to better ad
vantage. Dullness around tho noon hour
and a slight reaction from the high points,
but tbo market seems to have adjusted
Itself to a better order of things, and we
believe stocks bought on tho weak spots
will provo profitable for quick turns.
THE LIVE STOCK MARKET.
Chicago and Northwestern.
UhojMpeake nnd Ohio *
Colorado Fuel uml Iron * **
Central Leather
do preferred a*.,,.,,,.,,.
Chicago ami Great Western
Chicago, Milwaukee and St. Paul...............
Delaware and Hudson
Distiller's Securities., . .......
Erie
do preferred
General Electric
Illinois Central *’*
American Ice Securities ..*****
Louisville and Nashville ......
lean Central
..iiBdoiirl Pacific...... **..•••
New York, Ontario and Western ****** ’
National Lead
Northern Pacific.....
New York Central *
Norfolk nnd Western •
Pennsylvania
I’ri'»». a Steel Car
flC Mail
Republic ******
lloek Island !,!,.,*!! !*
do. preferred
United Btntes Rubber !
do preferred
Sou thorn Pacific
SOU thorn Railway * ********
_ do. preferred. * *
SIoss Sheffield
Tennessee Coni and Irou ..,*. *
Texas And Pacific
Union Pacific
United States Steel .!.*!!
do. preferred *****
Vlrglnla-Cnrollnn Chemical.,.....,..,,..,..,.,
do. preferred *
western Union
Wabash
do. preferred
Wisconsin Central „,„'*'*"'
do. preferred
97411 97%
133 Vs( 132%
fur ora bio
holiday nud tho o
for a continuance
wheat Indifferent.
?nt Is tho
northwest. Uarrlni
wheat Is likely to
itlook tilts uioriili
of them. Cablet
The only bull card at
possibility of damage
nd
bull effort* Is
RANGE OF THE COTTON MARKET
AT NEW YORK.
*».' m*. ran,# In cotton
fnturca In New iork todaT:
Onan. Itteh. T-ow. Kale- CIoia.^ r tMo’.r’
July .10.1, 10.1s IMS to.l.s lo.-i-a
An*. .10.17 ln.3.1 10.17, 10.32 10.32 21 10^7-21
8n>t .io.:i> us lo.is 10.22 laiMS 10 ~"
Oct. .10.28 10.32 10.24 10.31 10.J131 10.
Nov,
Dec.
Jan. .10.35 10.
Fab ivwrw
» *ip.O 10.47 10.42 iil.w 10.UA7- 10.43-i)
.10.31 10,33 10.27 10.34 10.34 r. 10.i
10.31 10.38 1M.S7-3S 10244-35
10.33*40 10.35 37
Closed steady.
TIPS FLASHED
From Wall Street.
today «&%.*•» ■ slow; early advancaa
mostly lost; quality good; left over 6,034;
.. «. J • estimated for tomorrow
- “--*6.96:
. . rkers
holce heavy |6.86^ii.95.
lints estimated 13,W0. Market
strong to 10c higher; quality fair; beeves
84.25lft.10: cows *1.3)©4.tf); heffers $2.4-xtf6.10;
calves good prime steers $5^6.10:
poor to medium $3.9<stf4.80; Stockers and
feeders $2.750440.
Sheep—Receipts 15,000. Market strongor;
•innllty good; native* $3/06; western 83.264b
6.10; yearlings I5.75U6.25; lambs $54T7.3c*
western $61/7.5).
COTTON 8EED OIL MARKET.
New York, July 5.—Tbe trading was quiet
and wholly of a prcfereloual character In
the cotton seM oil market, nnd prices wero
largo lines at top prices. Tho other months
were also higher, but with a light trade
ami tin* market clones strong, caus«\ bty
tho strength In tho provision market and to
some extent to tbe government report on
cotton.—Ware & Leland.
MT..::::::::::::::
8SSB::::::::::::::: »
Closed steady.
36 4T36L
r ©37 Vs
mz
3l\crS2V6
31^U32
CAREER OF A MONOPOLIST.
When at the tender age of four
An apple he devoured with aeat,
It proved there waan't any core—
He took the rest.
Grown up, he had the luck to find
A girl with wit and beauty bleat;
She gave one kIbb, "Just one, now
mind”—
He took the reat.
In business a monopolist 0
He qulokly rode on fortune'* crest;
yo competition dared resist—
He took the rest.
At last his health could not endure.
By care of millions sore oppressed,
Physicians all advised a cure—
He took the rest
—New York Sun.
Private Wire to Glbert & Clay. _
New York, July 6.—Daniel Odell A Co.:
Extension of Tuesday nfternoon's rally Is
very likely In tho stock market today. It
looks vary much as though a holiday trap
for the henra had been sot. Thore should
bo henry short coverlog, and, ns Intimated
Tuesday afternoon In somo of the advices
submitted, Improvement of a radical char
acter should take place during tho re
mainder of tho week. Whether It will lie
permanent Is doubtful at this writing, so
reasonable returns ought not to bo neglect
ed."
Marshall. Bpndor A Co.! "Them ore no
new developments over tho Fourth to
mnko ony especial irapreslson on the trad
ing public, but tho London market yestor-
day nnd again totlny reflects rather more
confidence In Amorlcnn shares than has
been noted In the recent past, nnd In con
junction with tho strength displayed here
on Tuesday there la ground for belief in
Its continuance. We expect tho market
today to show a good tone, nnd believe
Union Pacific and Southern Pacific. Rend
ing, Now York Central. Steel and Metal
shares may show the effect of a covering
movement in any event, if not something
better."
The Now York San soys: "Americans
were selling lu London yesterday, regis
tering average gains of more than ft per
cent. Ue&dlug led with a gain of lift points
ami Now York Central nnd Fensylvaala
gained n point and Tft, respectively."
Prlvato Wire to Ware & Leland.
New York. July 6.—Bank rote unchanged.
London Improvod all around. Americans
per cent up.
Disposition shown toward going slow In
bear operations, for tho market Is largely
oversold.
wo!-:: Home easier wuma o mion ume,
and take such stocks as Baltimore and
Ohio, Atchison, Missouri Pacific, Norfolk,
United States Bteel nnd Coppers. ^They
ore more attractive, with prospects of Cop
per going on an 8 per cent dlvlaana bails,
and steel trade conditions unexcelled.
Bear campaign seems nearly over, and
around present levels or on drives, would
AT NEW ORLEANS.
Th. following I. th* rntigo In cotton
future. In N.w Orlenim today;
„ ... lint rrartou,
Opjn. High. Low. ttalo. Close. CIom.
July .iLor. IJ.& ll.Ct 10.1, 11.13*10 11.0341
Aug.' .10.3, 10.03 10.(4 10.02 lO-tU-GI 10.34 33
Sept IOlImO 10.3,3]
Oct. .10.10 10.26 10.19 10.25 ]0.:I-25 10.2122
£: i?:s SP Br
hL
3/ch
Closed steady.
i<UM4 10.*
rtfi.8647 10.5
Uo-4C, 10.il
favor taking on the good stocks men-
The market displays a decidedly Im
provod tono, nnd have splendid reasons to
believa that It will last. Rending In the
lend, while Stoelg, Coppers. Baltimore and
Ohio and Norfolk are in hotter request.
It Is reported from good sources that
Philadelphia Is a buyer of Reading on nil
recossion, and Is predicting that It will re
cover to 180 this week. The professional
to be aolltnr
It on recess
tlonal extent.
Corn a
There la
Aqgrosslv
prices.
Prfet
under way. £
quality oquallng nxpectatlo
marketing unlikely. Com
jin>gn--4S with warmer went
proved whore not past help.
ALL THE CEREALS
OPENED LOWER
DUE TO FINE WEATHER FOR
HARVESTING.
Minneapolis Declined a > Large
Fraction—Shorts Were Beet
Buyer* of Wheat.
Chlcngo -yuly. dollvnrli>« Tucn.lar ware
ISjTOO DuhIioIs wheat, 166,001) hushels corn.
500 barrels pork. 260 tierces lard nnd 400,000
pounds short ribs.
Cblcngo Record-IIernld: Clear weather ha.
prevailed nuito generally over th«» winter
wheat sections of the southwoot during the
Inst forty-eight hours, but tnoru have been
rains through the Ohio valley. The north
west had light scattered rains o\t*r the
northern portion of tho spring wheat stares
oft luesday, Predlctlnns are fair for both
sections today. The trade will watch with
some Interest today tho extent of the
wheat marketings nt the Country stations
through tlm southwestern winter wheat
states. It Is hardly probable thnt they
will bo ns large ns they wero a year ago.
On tho dnr following the Fourth last year
nil points had approximately four d^yn r ar
rivals to exhibit, iin lending axthange* were
closed Sunday, Monday and Tuesday. To-
Jny the arrlvnls will represent only two
any a business.
There Is ovory ludloatlon that the United
States Is out of tho export business uu
its for tho entire yoar.
There Is no now business of Importance
being fixed abroad In conrso grain, accord
ing to the statements of New York export-
foreigners awaiting developments on
“ nud the effect of tho new crop
Private Wire to Warn A Leland.
('hIrngo, July 6.—Tbe Inter-Ocean says:
Solos of ensh grain lu Chicago were 125,000
wheat, 178,000 corn and 160.000 oats.
Tho wheat sales Included 20.<x»o No. 3
at 2c under July lu store. 60.000 No. X
l L , IUVIUUIUB ui.wv .WUIUIUUU. 41.UIIU
bushels low grado Duluth spring ami 82.000
2Sf*74r
By Prlvnto Leased Wire.
Chicago, July 6.—The bulls In wheat at*
tempted to force that market upward by
buying corn and starting a bull movement
In that cereal. Northwestern bulls wore
not Idle, telling of Mark rust up there,
but It mado Its npposrnnce on the bushels
yesterday of one firm. Wheat reacted soma
from tho bottom late, but closed
lower.
Corn closed Qc higher,
oats were off fetfUc-
Provlslons were up 2'
Cash sales of No. 2
rlva In stxty days.
Argentina shipments for week were ostl-
mntod by Brooiuhall at l.son.ooo wheat and
-.?55,OW corn, conipare<l with l.ffifi.'XjO aud
M69.000. respei-tlvely, a year ago.
Tim Kurigarlmi wheat crop Is officially
estimated at 180,<wo,ooo compared with 154.cjb
a year ogo. No. 2 red winter sold \c
Heptembor on track with He over Sei
ber bid to arrive.
Actual sales were made at 80'
Prtmar
corn 711,1
096,OOt), reapectlvwly. a year
Clenrances of wheat 133,O'/), corn 13$,
000 and oats 1,100.
at SOftc to af-
eptetu-
Imnrv receipts of wheat
% 718,000, compared with 343,000 nnd 1.- «
CHICAGO GRAIN MARKET.
Tho Chicago grain market ranged as fel
lows today:
Open.
WflEAT-
July. .. 79*4
Sept.. , 79%
81*4
at IHt- to Buffalo.
* rare to conio from
Into Tuesday and
“>portunJ‘ ‘
from
uaooo
Tho first black "rust
file northwest arrive*
gaT# tho wheat bulls n
RrtcM « fraction. It «»• .. uu . .w,.......r,
.South Dakota. The message read: "Wheat
covered with rod rust, and In soma placos
black rust has been discovered In tbo east
ern part of Booth Dakota."
Tho wheat bulls are anxiously looking for
•very evldcuco of black rust, as they look
upon It as tbo help they enn got to hold
" '•s up.
jy had an oversold appearance nt tbs
closu Inst week, but since then conditions
have changed, nnd July has gone from V$c
Premium to Ho dls^iuut under Kept ember,
0 unexpt-cto.l delivery of 73').000 bushels
July Monday nnd 165.000 bushels Tuesday
with everything olso soiling nt
prices? This Is the question that Is nut
tnting wheat speculators. Tho bulls claln:
they will not sell.
NEW YORK COFFEE MARKET.
Following Is given thu opening nnd closing
Tbe Ilobrew Standard publishes a list of
no fewer than nine United States Jewish
chaplains who are employed In Greater
SOUTHERN EXCHANGE
Oldont Established Office fiouth.
COTTOI—STOCKS—BONDS—BRAIN
Ground Floor Oould Building. Dally
market letter and market manual
mailed on application.
LJ. ANDERSON & CO
Bankers and Brokers,
COTTON, STOCKS, GRAIN
Correspondent's Capital $250,000
NKFCRCNCC, THE NEAL BANK
PHONE MIT. PKUOCNTIAL BLOG
HUBBARD BROS & CO.,,Sis
Atlanta Officea, 219-321 Century Building.
Member, New York Cotton Exchange, New Or-
leant Cotton Exchange, Liverpool Cotton Aaao-
elation, Chicago Board of Trade, New York Cof
fee Exchange, New York Produce Exchange.
Busineea solicited for the above exchangee.
Direct wire service. Correspondence invited.
Phonea 454, Long Distance 39. A. S. Hustacc, Mgr.
Millionaire (In Paris)—What
old master" coat so much.
Doolgr-They ore getting
workmen at the factory
» for six months’.—Cl
akea tbla
•caVco—th*
m-eii on a
go Newt.
oae you regard your election as
confidence aud esteem?"
ii a9**• red the pollttrlsn; "It show
.IIuRbend—Welt. I hear old Goldmsn is
Jead and leaves n quarter of a inlllioa.
Wouldn't yen Ilka to l>e bis widow?
Wife-No, dear. Nothing maid r^wsftty
dettght m-i more thea just to be joura.—
Judy.
flew Orfeesi. CBltn
COTTON^G^Llff, f^fa^^BONW,
N« 2 Wall SI., Fattfa SvIUieg. Atlaata. 0*.
mill Hi St
CMcif • Baati of Traia.
CkUaja Sta<i fxrfessy*.
Maw fora Catfaa luaaafa.
FriiatY'wiraa fa Maw Yatk, Haw Orlaaaa. ChUaf. B. C. COT Mi AH. kniin.
.... ] vs Staaiati fltaaa 79a.
Its Yatk Ceffss titkaaaa
Sear Orlaaaa Catfaa (Kkiifi.
thataaal Catfaa Aaaotiatlaa
March
April
May
June
July
August
September
Octobor ..........
November .......
December .......
Closed sternly.
Opening.
6.60-6.70
r, n, n vr.
»: mi i; sf,
u «r. 6 !*5
«; 90 (i 95
fi.Wi-7.rt0
6.20 6.26
«. .m *.
6.85
r. .'if, 0.46
X&646
u5ttJ.iV)
fi t:. *; Mu
t; no «>:.
fi vr.« ini
fi.!*0 fi 95
Dec. .. _
CORN—
July. .. 61U
Hept. .. 61%
Dec. .. 49%
OATS—
July. 38%
Hept. .. 36>5
Dec. . . 86%
PORK-
July. .. 17.60
Sept. .. 17.15
Jan
LARD-
.Tnly. . . 8.90
Bopt. . . 9.06
Oct. . . 9.07%
19 %
9.10
9.12%
61%
MS
49%
19%
19%
80%
HIDEB—
.Inly. . . 9.fi’% 9.fir,
Hept. .. 9.6ft 9.60
Oct. , „ 9.27% 9.32%
CASH WHEAT—
3 hn
17 55
17.16
1190
8.90
9 rtj
9.07%
51%
61%
49»%
8g
86%
\x*
9.62% 9.62% 9 60
9.66 9.66 956
9.27% 9.27% 9.274
N». 2 red new S0%: No. 3 ilo 79<t$lo
rd winter 7^4lfvi%; No. .1 do 7.M
^o. 3 do uow 78%®W%; " "
spring 83%; No. 2 do 82<
78*1143.
NORTHWEST CARS,
Indny, Taat week and last
Minneapolis
Duluth ......
Chicago .....
CHICAGO CAR LOT8.
No Obataofe.
From Tho American Spectator.
"Tho now automat!/- tedephonn ex
changed will do away with the Ventral
girls.'"
'Groat! A man can nwenr through
hid 'phone without getting a call
down! 1 '
Milan has decided that at every street
crossing eight signs mndo of brass letters
shall be Inserted In the pavement.
Today. Tomorrow.
LIVERPOOL GRAIN MARKET.
Wheat opened *» lower
lower; ringed U to % loi
Corn opened % higher;
changed; closed % lower.
PRIMARY MOVEMENT.
The following figures give the primary 1
movement of wrlicat nnd corrt:
heat—Receipts todsy
agslnst 342,000 Inst year; *_
bu-heis, Ng/iinnt 29rt.rtrtrt inat
Corn—RerHpts today 718,<)0.) bushels,
gainst l.U&Mrto last year; shipments, 966.000, :
against 370,0last year.
ATLANTA NATIONAL BANK
ATLANTA, GA.
C. t OURRIKR, Pr««!d«nL A. B. THORNTON, Vie.#mMml
H. T. INMAN, VlM-erMldant. QEO. n. DONOVAN, C.M.r-
JAMBS a. FLOYD, AMrt-C.hl.r-
Capital $500,000.00
Surplus and Undivided Profits $500,000.00
We Solicit Your Patronage.
CENTRAL BANKS TRDST CORPORATION,
CAPITAL $500,000.00
If you contemplate opening a new account, or changing your'preaent
banking arrangement, and wish to connect yonraeK with a .trong, conserv
ative bank, fully equipped to serve you as your bu.lncss Justifies, we
Invite you to call and talk tbe matter over with us.
Asa Q. Candl.r, Pra.Id.nL
W. H. Patt.rson, Vlc.-Pr..id.nL A. P, Coin, Ca.hl.r,
John 8. Ow.ns, Vlc.-Pr.sld.nL Wm. D. Ow.ns, Asst. C.shl.r
PIEDMONT BROKERAGE CO.,
(Incorporated.) Basement Floor Piodmont Hotol.
STOCKS, BONDS, GNAIN, PROVISION*. INVCSTMCMTS,
yr at t Wire 8ervieo from Now York, Now Orloene, Chicago.
CORRESPONDENTS
M. J. RAGE A CO . 42 BROADWAY, NEW YORK.
tBW. BOTH. safer Laaal aai laa$ Omtaata Ball ikaaa Iff!.
MADD0X-RUCKER BANKING CO.
CAPITAL
SURPLUS AND PROFITS
ACCOUNT* INVITED
$200,000.00
$500,000.00
Wc invite accounts of individuals, corj(orations, banks
and bankers and offer the best terms consistent with
conservative banking.
In our Saving* Department allow Interest at the Rate of 8 1-1
cent. Compounded Semi-Annually.