The Atlanta Georgian. (Atlanta, GA.) 1906-1907, July 06, 1906, Image 11

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THE ATLANTA GEORGIAN. FRIDAY, JUNE edited by JOSEPH B. LIVELY! THE GEORGIAN’S RECORD OF MARKETS AND FINANCE Mr. Lively'* 2T» years' experience jf <Mlt«Inir market* In Atlanta an«I the Smith ha a made him a rec ognlsed authority la tils specialty. f 'ZJJ COTTON HOLDS ITS STEADY TONE yiOOUATIONS COVER VERY narrow range. NEWS AND GOSSIP Of the Fleecy Staple. News Generally About Stand-Off and Option Trading Is Small. Since the holiday •peenlntlon In cotton fu tore* ha* been practically dead. There Is nothing In the new* that him not been kioirn for the past two or three weeks to InSuence the course either up or down. The leading hull would have prices ad vance, and doing everything In his power, la the way of bullish llternture, to accom plish this result. Around the ringside, how ever, his brokers do not show the ag gressiveness required to boost prices. In the meantime, It Is reported the South Is Dot following bis lead, and are wild to be the best seller!. This action on the part of the South, If true, plnya Into his bn ad a, as he will l»e enabled later on to force them to cover nt better prices. The New York Commercial, reviewing the cotton situation, says: “Liverpool Is disposed to be more bull ish Just now thau Is cither New York or New Orleans. The American markets have beta Inflnenced more than has Liverpool by the selling of the 8outh. Liverpool Is pay ing attention to the statistical position, and considering more closely than the American markets, perhaps, that the stocks lu Great Britain and the continent are small In comparison with whut they should lie with as much business In front of the mills as there Is nt thli Up -- - lug made by Liverpool higher level of values nt this time. • The government report Saturday did not change any one’s opinions. It was too nearly what was anticipated, nlthongli tlio liears had had very strong hopes nil along that It might be something like 88 or ho. For some time, predictions have been freely made that there was going to bo n much more lively market after the July report, and the broker* are now wondering whether or not these predictions are go ing to come true, 'lheodore II. Price has gone on record with the prediction that the Immediate future Is going to see the most lively excitement mid tho hesvlest trading the cotton lunrket 1ms ever known. Price Is still a bull, and he lmsc Private Wire to Glbert A Clay. New York, July " '* ’ m. wns 2 and 3 ] about as expected. We hoar there are reports of' rain Sim Antonio. Market nn tone eland _ of shorts; otherwise featureless. In eastern Texas and southwestern Texas, both.today mid Saturday. eastern forecast is for partly cloudy Private Wire to Ware ft Inland. New York. Jnly 6.—Cotton holds firm. Liverpool hns sold, but offerings readily taken. Looks like Price a good luprer of October nnd December. With little In crease In outside buying, market would ad vance costly. Lessor Goldman weekly weather rei says: “Oar reports from southenat 1 sourl. Arknnsas nnd northern part of In dian Territory during the week Just passed quite satlsfnctoi7Y The weather has tinning to tnaL are free from grass nnd the cotton plant Is developing nicely. The general outlook remains very good In all our territory.” New Orleans, July 6.—Report* from the San Antonio nnd Arnnsss Pass railroad are flattering. Cotton Is In good shape nnd will innke ns largo or larger yield than It did lsat year. Roll Weevils are reported In hut few places. This Is from 51 towns lu southwest Texas. The net stock of cotton In New Orleans Is 39,011 bales, against 54.989 *st thJi ilme Inst year. The amount of cotton on shlp- thc new crops are steadier than the old. July Is easy, but October sml DecemlM»r are very steady. Shorts do not like reports of too much rain nnd consequent crop de terioration In the Atlantic*. Spots are dull but stendj at quotations. The first bole now cotton auctioned oor of the cotton oxc pounds; classes good ** * ’ i, Nelmi known, trice is nun » uuii, umu **«- «»«!»»-«» • • • • n c A l el t hi rtf a nun \J this statement upon the belief that there WARE dt LELAND8 DAILY Is going to be su active bull market “A majority of the local rotton men ran ac<* nothing In the situation nt nil thnt holds out any promise of a bull market at this time, ami ns they are Inclined to the liear's sldo they ran not agree Mr. Price and his optimistic pro; The general oplulmi la that It will a period of very bad weather In the belt to cause any material advance, nnd unless this should be seen, the market will c— tlnue s slow one with a tendency to sag. SPOT con ON MARKET- 10.80. New Orleans—Quiet, llVfcc. Liverpool—Steady, 6.06d. Augusts—Firm, littc. Savannah—Uulet, 108io. tit. I.ouIa— Steady, 10%c. LIVERPOOL COTTON MARKET. Liverpool, July 6, 12:15 p. m.—Cotton, spot dull, with prices unchanged; middling up lands 6.08; sales §,000: American 4.900: spec ulation aud export 800; receipts 8,000, all American. Futures opened steady. Opening . Previous Rang*. Close. Close. ,..§.7$ it •August.*. Aug.-Hept. . Kept.-Oct.. , Oct.-Nov. , . Nov.-Dec.. , I tec.-January. .1.81 &.04-6.6* 6.59 .6.864.17 6.694.10 6.64 jn. ivh.. ', . . aIt-s.m t:«U:£ February-Mnrch.. 5.62 6.56-5.67 March-April. . . .5.604.61 6.64 6.68 Closed steady. TODAY'S PORT RECEIPTS. The following tablo showa receipts at tha ports today, compared with tho same day Lit year: 1906 INS N>w Orleans tialrctton Habile Hnvfttinah tin Heaton Wilmington jorfolk Baltimore •Si ‘ 2626 4s. IS 164 2869 m 445 1118 293 Boston Philadelphia Brnmwlek Nswport New* *626 114 TotM 4633 mu INTERIOR N UI z UI > 0 AT. IMS 1N5 Hoaston 2XS MOT 276 f.sr. llentpbla JJ, m M Ularinnat! ta *• Total m 3579 0IBERT & CLAY’8 DAILY COTTON LETTER . OrlMM, Jill, 6.—Liverpool rnM,, ■ThUk *. ® or * bullish trend or sentiment, »mch culminated In an advance of from Irit V R 0 *®** tor the day on the option*. 55* •***• continue small, but steady In day's business a Boon ting to tinVLi 1 * at onehnnged prfo*|. The con- 2lS!! ,| »i«! n- Atlantic states cuuaed ‘RRe buying by room scalper* and -I, covering by Impatient short*. -“iJ* ^6lch, however, was lakufflrlcnt in re*!m # bring about more than a slight Sf2i on - * Hiring the day advices were re- min. ,^ or, llng heavy and fairly general retUhii*"Hlfbout southwestern Texn* and •®uu!5 * dries* from Waco expressed tho d»t the precipitation* occurred In .HP’S m °st In neM of molstnre. and AttoBL** fvw days have fallen *»n tin* »ibiJk. roa,t Br * not seriraaty considered f catutei eg teas vc 8dM6 pad *?f v'emm Mild fi COTTON LETTER but steady today. . mnrkct wns the sqnahble over rains In Texas, whether they really happened or not, or whether they were really needed or not. The best Information obtainable was that rain fell In portions of south Texas and that It wns welcomed. Wonk shorts, however, covered Just the Mine, jand^at York hufl camp ... arntnre concerning the lack of moisture In Texas, nnd It served to further Increase the nervousness among tho bears. Too much rain wns again complnlned of In sonic districts In the Atlantic*, but when every thing wss said, uothlug approaching a crop scare was hatched out. A good old-fash- |- Hi'Jilv would l,r tin* most w.d- comed thing In the world Just now, for It would get the market out of Its presont rut and bring In some business. As yet there seems to be no good baste for n crop scare. Tho country Is too short nnd crop conditions are too good, inking the whole b*-lt into ouii-dd'-ni(Ion. It will 1"- a g I thing to bear In mind for some time to short Interest that pxlsts, ought to cause all nmnher of fireworks when fully under way. Trading was featureless tho «loy through and the volume of business wns very small. It wns worse than a typical summer market. Spot men had tho snmo complaint to make. Now York; July fl.—After an early weakness caused chiefly by short sell ing the stock market advanced under short covering Induced by the appear ance of buying orders under tho mar ket and bidding up of a few special ties. Around the top prices, a check was noted in some of the leaders, but the market displayed a disposition to harden and remain quiet for a time, with a sort of deadlock between the opposite parties. The Indications are that no Important movement will take place In the Immediate future, but that liquidation subsiding as It hao, the shorta, of which there are many, will retire contract# as specialties may be bid up and Irregular Improvement to certain limits upward take, place. We still recommend a conservative position with taking of moderate profits, and the close following of the Individual position, which give the Indications of vulnerability and strength from the technical point of view. We find signs We are in a of , H --“7 »•—« - 11.- « unu Mr. In, .»SI *** * *«y ‘lull and unlnti-mt- * . twyiklag th« war of uewa again farorabla lo the beara. Tha t rulod hear, throughout. Anally ; weak practically at the lowrat ........ of the day- The weather over the entire eprtng wheet country la Ideal for the sdvsocetneat of the crop. The situ*, tlon in Wheat Is unchanged. Everythin* from now on depends on the outcome or tho spring wheat crop, which at this writ ing 1* making favors bis progress. Senti ment Is decidedly bearish, hat traders era rather rnutloua, reallilng that change la the conilltloua mutt be for the woree. We feel that profit. obonld be taken on abort wheat orouad the prraeat lore!. Corn—The market wee quite eteedy eerly. hut weakened later on general eeniug by local crowd. Chief leluimcea beering on the market were the fsTorabie etate n- porti ond good weather. The weaknee. to wheat and oata canoed eome llqaldet’on Arreptnncea. bowwrer. were erala reports light. We eon eee nothing In the elteetloe to warrant higher value*. O.t.-The market eremed rather heavy on ocattered BqaWOtlon on qejllnghy eaj Intereata. The beat bajrtng haa boea by Imylng i .Ion.—Dmplto the decline In Pri-w, yarda. provlalona ruled quite Arm lout. There wee a good cine* of evidence end offering* were B r the .mailer peckeee were ettverlee of lent We eon- OPENING PRICES GENERALLY LOWER TRADING AT OUTSET WAS RATHER QUIET. Aft.er the Opening the Market Be came Decidedly Strong—Sen timent Was Bearish. By Private Leased Wire. Now York. July 1.—The action of the market this morning made It clear that tho action late yesterdny was an intercep tion of a recovery nnd not a fresh decline. At the opening this morning the general list went lower in sympathy with n decline In tl.f foreign nnrkeis. Lou Ion's selling was the most influential factor In the deal ings nt tbe start, but when the foreign offerings were taken, which they wero very easily, prices started up Immediately, and In the course of tho morning rallied more energy thau they have for a long while past. Tbe leadlug Issues before mid day were back to yesterday’s highest and, In some coses, above these high prices, and Hi*- easy ni'iimer with which tho upturn as accomplished, created a decidedly more confident feeling In speculative circles, wns more widely agreed that the marki had a sold-out appearance, nud that more than one large apeculatlve interest was be ginning to l>e embarrassed by Its position on the abort aide. These technical rood! tlons, of course, took precedence over every thing else In the day's discussion. With few exceptions the opening prices oil tho stock exchange ranged ft to *4 bo yesterday’s close. Tl<» opening nd *aiu.es were limited to V» lu Grant Northern. '* In Smutting. ’* In Htoel preferred and lln- miiim* amount In ItMltiiiioi «• and Ohio, while General Klee trie opened up 6tt high er. The balance of the list wns heavy. Trading at the outset wns rather aulet. RANGE OF NEW YORK STOCK MARKET list were made during the first hour. Lnrger room traders and mnnv prominent opet were aggressively bullish and hnd no _ Me In forcing prices to n higher level. London sold about 20,000 shares on the early decline. In governments the 3a coupon declined 4 oVher 1 bonds steady. STOCKS REVIEWED BY NEW YORK SUN New York, June 6.—The Run says: “Deal when there wns n considerable reduction In tho volume of trading from that mnlutnlnei each day for some time prevlounly, am the diminution In tho activity of the mar ket was visible In various other ways. American stocks In Londou were quoted nt considerable gains In price, nnd a better feeling in financial circles appeared to vnll In London nnd on the Karo peon tlnenr. The covering movement on the part «'f operators f.»r the de, line In till* market, ulil.il was a prominent feature of purchases of stock* for foregn neronnt than hns been witnessed hero for several weeks. Hut townrd the cud of the day n rather sharp fall strldonly occurred lu the ' e of Hrooklyn Rapid Transit stock, ami forward impetus lu tho market seemed to vanish. A g.-nernl derllm- In price* fol lowed, which, although It left quotations nt eonsidcrnbln net advance*, wiped a wav the larger portion of the enrly rise. FI mil >rlces wero not fnr from tho lowest.”— Jlbert m L’lny. Ware & Leland'a Dally Coffee Latter. ■jNow York, July 6.—The coffee mar ket opened quiet ond unchanged, keeping with the Kuropean cables, and In spite of bullish rumors concerning the valorization plan, the market eased off ;i partial 5 points during the fore noon In the absence of buying orders, and at midday ttns net unchanged to point!* lower under sales of no mote than 4,1*011 bags. Kuropc jo-erned to be offering a little coffee here, nnd there was some further liquidation by locel longs, while trade Interests seemed to be the best buyers, which has been the goneral character of the business for eome days peat. According to repoits circulating around the street, and said authentic, Ui*- \ alorizHtion plan with the clause fixing the exchange rate passed the Brazilian finance committee ast week and should have come to a vote In congress on last Monday. At the same time,If Investors could be cer tain that the scheme would bo put Into effect any time next winter, there would undoubtedly be a big demand for coffee contracts, as no matter what Its event ual effect. It la believed that for time valorization would successfully advance the price. There was not much feature to the news. Neither the Bra zilian nor the European markets rs- ported any change and receipts wero about the same as recently or a little under those figures. Following Is given tbs opening and closing quotations of tbs fitw York coflco market Opening. January 6J64.g KEffT..::::::::::::::::: tgg June S.90-7JW July J*WA» Heptetnber aw-:::::::::::::::: ®SSlSr,MVL-iuuir»Sr B SPOT COFFEE MARKET. if Private Leased Wire. New York, July 6.—Coffee No. 7 Rio TJL COTTON SEED OIL MARKET. New York, July 6.—The market for cotton _ *ed oil opened very quiet with traders showing little disposition to do business ray. Prices were firmer, bowercr, P ractical dosing of the July deal lie absence of liquidation fu this month, ft is estimated that July dcllv**rl*v* will aggregate a boot W.000 barrel*. It was reported that wmm of this oil will go for export, iMit private houses reported that considerable will go Into store. Tho market the close ws* quiet with price* He lower He higher.—ware k ‘Ie*u«nd. tW»rtra» wlil b« tantii t>l(b*r. GIBERT & CLAY 1 *■ ALABAMA .T. STOCKS. BONOS. COTTON. CRAIN. corrsc. provisions MCMBCSSi ATLANTA. OA. if _ n t M i New Exchange INew Orleans rotton Kx<“hange.fChlesgo BosNlef Trad*. v ^ Exchange. Neir Orleans Btork Kx<*hsn^- iLlverpool Lottoo AMoelstlon - vw \ork Coffee I’achsoge jXeiv Orl»an* B Ktoek Exchange.!Liven r.X'.hsoge Ori**ana Board of Trirae jGalrei • __ , . . Private Wises to all Exchs *■««•! a«S Ling DliUnta T.I.phcn. 529*. Otto* EzrUngs VS R. FAGAN. Msnsgor. November » w-°3 December 31*4 Hales, lCrt Hcpteinler at 3v . ,«*, at nnd 199 December at £. Close. THE DRY GOOD8 MARKET. wss very quiet. No champ * occurred lu price* of feuding Unes. Bleached were falrir active and stronger, print cloths te iiots wide and ).am*w - r.*ok ..u more movement and firs: hinds expert a brisk period of buying for fatnre wants during the n?xt 69 days. Aninlgamated Copper Atlantic Coast Line American Sugar Refilling Anaconda American Locomotive do preferred American Smelling Refining do preferred.... *..»s*.* *•■•**•• Atchison do preferred American Cotton Oil......... lbiltlnioro and Ohio Brooklyn ltnpbl Transit t'nuadlan l*a« Iflc Chicago and Northwestern Chesapeake and Ohio Colorado Fuel nud Iron,.,,,,.., Centra I Leather do preferred Chicago ami Great Western Chleago. Milwaukee nnd St. l’aul Delaware nnd Hudson,;... I Distiller's Securities....... Gener Illinois Arnsrui Louisville and Nashville., Mexican Central Missouri Pacific New York. Ontario and AVeatern National Lead Northern Pacific New' York Central Norfolk and Western, Pennsylvania People’s Ghh.. Pressed Steel Ca r.. do. itrefnrrad.... Pacific Mnll Heading Republic Steel Rock Island . do. preferred. United State* Rubber..* . do preferred Southern Pacific Southern Railway do. preferred.,...,, Slo*M Sheffield Teunesaee Coal and Iron Texas nnd PacItlc.....*.«*p^^HBB^^mHiBHBm Union Pacific United States Steel...... dn. preferred..,..,. Vlrginla-CarolIna Chemical do. preferred toil 1S8V* 1W 66H &6U| OMi sS p .... | 100 100 16<s. 16%| 1GA 4 1«4 199HI 17SS ITMhi 17)4 JOHsI 213 | 81^8 JttiC do. preferrotl!..., WlseonsJix Central.., do. preferred Total Bales of stocks today, 706,600 shares. RANGE OF THE COTTON MARKET AT NEW YORK. The following Is the range la cottou futures la Now York todav: teisf Previous — . Open. High. Low. Sale. Close. Close. July .10.21 10.25 10.20 10.24 10.23-24 10.M-23 Aug. .10.31 10.36 ia3l 10.34 10.53 34 10.33-3J Sept .10.35 10.88 10.34 10(186 10.8346 10.32-33 Oct. .10.31 10.36 JO.31 10.33 10.33-34 10.JO-31 Dee' .io.86 ibljo io.34 iKsi io.Sj? Jan. .10.89 10.44 10.39 10.41 10.40-41 10.37-38 Feb ..... 18.41-43 10.3S-40 Mch. .10.48 10.52 10.47 1X48 10.48-49 10.46-47 Closed quiet nud steady. AT NEW ORLEANS, The following Is tbe rango la cotton futures lo Now Orloaus today: Last -Previous Open. High. Low, Hale. Close. Close. July .11.19 II.lb 11.13 11.13 11.12-14 11.18-19 Aug. .10.83 10.65 10.6.3 10.63 10.62-63 10.6162 Hept .10.42 10.43 10.42 10.43 io.40-42 10.28-40 Oct. .10.W 10,29 10.25 10.2(1 i).2»: 27 10.24-28 Nor. 10.27-28 10.28-29 Dec. .10.28 10.32 10.28 10.30 10.M-80 10.57-28 Jan. .10.35 10.85 10.85 10.36 10.18-M 10.33-14 Feb. "lob. Closed dull but steady. TIPS FLASHED From. Wall Street Private Wire to Glbert & Clay. Now York, July 0.—Daniel Odoll & Co.: PurcliaHes on n further reactInu will, we believe, give at least reasonable turns to dally traders. Tho Individual positions hnve to bo followed very carefully. Drives tendency toward cgular ■Ur UQM. The raid JUPWBBP speech Thursday afternoon wns not really caused by tho nddress, which wns more of Earnings Great Northern system: Month of June 34.673.832; Increase Fiscal year 352,259,691; Increase 98,826.656. There Is evidently a largo short Interest In the stock uinrkot. On every little break anxious buyers appear aud there Is alBo some goini buying going on. Think wo shpuld nave a rally at least. Marshall, 8pader A Co.: ”We ore In clined to look for steadiness In tha gen eral market, because we bellero the foccea working for rniifldcnrc are much greater than suggest bins of remote trouble nt ~ It la aabl that the Iron oh* deal between the Great Northern preferred and Steal -porntloii haa boon completed. This Is ....i(nubtcdl)’ tbe cause of the strength In Great Northern and Northern Pacific. One million five hundred thousand dollars reported transferred from Hsn Francisco -V Now York. The tone of tbe market has Improved, and white some disquieting news from abroad has appeared la the morning newt columns, wo bailer# the market Is bring quietly supported by a good class of buying. Private Wire to Wars ft I/!and. New York, July f.-lgmdon dull at H off on Americans. Genera! market rather heavy. Although railroad earnings at well as Industrials contlun# to reflect Increases, with prospects for easier money conditions nnd a favorable bank statement there Is very little accession of buying power that can bo called good. Hunting out vulnerable stocks by bear*, who sell them with free dom while not hesitating In attacking Popo- rlvnnla. Rending. Hr. Paul nn«l other iork* when bid op rather dampen* bullish enthusiasm nnd strength develops only when oversold conditions appear. Irregular- Itj la likely to pr.-vall, but from Ibo praa- ■mt outlook low*r prloea or. furore,I tbat tatani * bNtr cMMlmwIlt not uie. t with id orb rralatatu-*. <>■ aharp decllora, bow- crer. woubl faror takliiK on tb. «oo.l onea and atronu aupport mnj bo rxported In steel# and copper#. Stocks hnve been well taken past few day*. Do not believe, however, will have oni naUlord Improvement In prim, na Ibr market la loo narrow, and would noil on any advance. Summary of yesterday's stock market bv sow, Jones A Co.: American stocks lo London dub Vfc to »* beluw pnrlty. General London market rather heavy. United States Rubber declares regular dividends on first nnd second proferred. rnlngs of all railroads for past a sod 3250,(8)0,000. Clover Leaf earnings for fiscal year ex* peered to ahotv equal to 3.83 per cent ou preferred. Moro demand for stocks In loan crowd. United States Rubber not earning! June quarter 1972,uX», as compared with 3968,761 last year. Sixteen roads for the fourth week June show an averago gross Increase of 1161 per cent. _ rln City Rapid Transit common and preferred rights expire today. Twelve Industrials declined .06 per cent NOTES ON GRAIN Pointers on Provisions. Prlrote 3Vlre to Glbert & CIny. <’h ,, ng*». .1 ui> • Wlu-.it o|ieiu* easier under further pressure of «• hedging sale* for larger houses, acceptance* were again largo wheat stocks docronsod 100,000. 1 dltlons rery bearish. Our crop e: Irca: “Data t fair. Weathe pert from Huron, 8. nd barley looking fine. Wheat favorable,** to Ware A Lelnnd. er-Oci-nu: l'urcbnscs Thuraikv to arrive .,,3 Private WI Chicago 1 winter wheat Thursday to urrlvu In 15 to 6d dnys. exceeded 750,t00 buslifl* by Chi caiio elevator people. The wheat win bought on blda sent out Tuesday, coverlii llie Mtates of liidlniri. 1DIn<»IMl-vim Kansfl*. Elevator men were slow to give nit tho business, knowing that It might lenress values for September qud in hedging idle* more difficult. Flue went for harvesting and moving the crop \ tho chief motive for the soiling. l*art the wheat was bought on the bool* of Vfcc over September for No. 2 red to arrive, with some at *40 over. For No. 2 hard lty«* under September was paid. For spot w In- it m'V-im "i 1 ' 1 p:dtl 1‘lie IoimIii •t'erdiij tt I'- l * I • * i-if III severiil > • •. i King, of Toledo, wired the Mlanurl n report late last night. “Average yb Id of wheat per sere 14 bushels: cron 3i.(W0.r last year 80.00X000. t'oruIUion June 77; 9J "ior cent harvested by June 30. gunllty H M; June 76; last August discovered on at Wllllatnn. which b . Experts say that 53: Jun<> v.*„ Him k rust ha burberry bash<'H northwest North Dakota, black rust spore* can bo bushes every year, ami they will develop with unfavorable weather. Mr. Case, of tho Wlinllon Case Company, wired from Mlunen|ioiis: "ws sent n rust 1 P< 1 > out about a tt.-i k ig" lb Ind Jots of experleueo two years ago. He re- turneil today and says there Ts less red rust than a year ago aud 110 black rust iif nil." ‘The present position of wheat prices at tbe time when the new crop Is about to per bushel may hardly prove aresntab Shipping business lit wheat yesterday 1 25,000 IhibTicIm No. 2 haul nt 5c under 1 rove acceptable. wns t Sep tember In store. Hales of com were 100/»J bushels und oats 100,000 bushels. At the seaboard exporters sold 88.000 bush' els mostly Manitoba, largely for export. Including 24,000 bushels nt Baltimore, cioseij late Tuesday. Charters were made foi 10X003 bushels corn nt l»sc M Buffalo. Deliveries ou Jtdy trade* ycHterday were 6O.000 wheat. 140,000 ™>ro nnd 25') harrelt pork and 260 tierces lard. EXPORTS OF WHEAT AND CORN. Chicago. July 6.—Exports of wheat. In- ludlng flour, for the week, according to Itrndsfreot, are 1,386,843 bushels, against WCXOM last week sml 1.060,000 Inst year. Exports of corn 691,600 bushels, against i.\|->iin vi mni ■iiii,iii-|b i iik. 879,0(W lost week and 933,000 last year. MODERN MILLER'8 CROP REPORT. MONEY AND EXCHANGE. By Private Leased Wire. New York—Jnly 6b—Mont, Sterling exchange 84.82^ INTERIOR MOVEMENT OF COTTON New Orleans, July 6.—Interior movement old towus: Receipts 4,761. against 22,176 last T0I11I in'iri-m.nt for thlrlr town.: 11^ rrlnt, ’ *.UI. ,.*ln,t 42.010 l««t vnnr. Shlpmenl, 21.721, •Enlnst lAMi In.t roor. Htack, JWI.SM, *(rtu,t HI,*; U,t j«r. SOUTHERN EXCHANGE Oldest Established Office South. COTTON- STOCKS BONOS GRAIN around Floor Oould nulldlng. Dslly mnrkct letter and market manual mailed on nppll'-otlon. LJ. ANDERSON & CO Bankers and Brokers, COTTON, STOCKS, GRAIN Corrsspondent's Capital $250,000 acrcvtcNce. the neal bank PHONE I4IT. PRUDENTIAL. BLDG las rwft. Oflttm. COTTOrVG^m.^RO^IstSNsS^CKSa BONDS, Ho. 2 Wall St.. Ptltn BuiHiag. Allaala. Ca. MIHBCHS: few York Catlea fidaiir. Haw Orleaat Callaa Itckangt. llverpoai Catlaa Auodatlai. hltata Wlrtt la Haw York, Haw Orleaat. Cbltago. gall Fbaae 120. Chicago Baard of Trade. Chicago Stock Cickange. Hew iark CoHee fickaa^e. P< clpai when! raising lowing cobdflldna: E^ ... millers report the wheat yield I'l II I I » • I I *4 I II mill) i« u I. generally lietter than last year, and many say best In years. A large movement Is looked for will) favorable weather. Fann er* will regulate tales by tho price nt market*. Much of n decline In price will shut off farmers* deliveries. In Texas, tho \b-ld U In'btw \ | !«•• • I it f b>|,H, and tin- . j • i;. 111 v of tho groin only fair, nnd farmers ore selling from the thresher. In NebrnHkn a ml Mlchlgnii. the crop I* smaller than last year, tboogb larger than wns expected for TONE IN WHEAT CONTINUES EAST WEATHER IS FINE IN THE WHEAT BELT. Receipts Liberal in Northwest. Cables Reported a Steady Tone. i! pmfessinn- out nddltion- They Ily Private Leased Wire. Chicago. July 6,-The all a Is in wheat refused to p n! short lines following a Gc breal figure thnt with sales of thirty l 240,000 bushels for export, a reaction nnd advance from bottom prices Is due. Thera wry.- I.irge sale* of the new crop by tha country, and ft Is wheat tbat will move as rapidly as It can ha loaded Into ears. Prices closed 4ftSc lower for the day. Corn was tame and showed losses of kov. Oats were off 8if»4c and provisions wera unsettled. July pork was up 2<V, but all lse 6«fJV lower. No. 3 rod strong and 4*f!e over fleptem- •er. Clearances were '1.906,600 wheat and 91,000 corn, compared with 1,060,000 and 932,- tWX respectively, a year ago. Primary receipts of wheat 47<?.twi fl nd corn 777.000, compared with 273,000 nnd 713,000, respectively, • yasr ios, . 'JJ Clearances were 555,0)0 wheat, 178,'Td corn and 4,000 oats. CHICAGO GRAIN MARKET. Tho Chicago grain market ranged as fal low s today WIIKAT-- July. .. 79H Kept. .. 704 Dec. , . 81 CORN— July. .. Hept. I tec OATS— July. .. Rapt. .. Open, High. Low. Cloaa. Close. 7SS t:: 89- 5P . 49*4 4»H m » 36 96 soy* riiitx- * July. , . 17.76 i Hept. . . 17.20 17.96 16.96 Jnn. . . 14.90 14.80 11.99 LARD- July. . . 8.90 t.M 8.824 Hept. .. 9.024 0.07H 1.974 MJi 61*1 r.ivi Mt, r.|Al 49% 49 Vi SIVA 17.10 1; •» 1180 17.85 17.15 14.90 9-30 Cash Wheat: No. 2 red new lo 797780; No. 2 hard winter 7k 3 do T.VfiTP; No. 1 northern si No. 2 do 82<083; No. 3 spring CHICAGO CAR LOTS. Today. Tomorrow, LIVERPOOL GRAIN MARKET. THE 8UGAR MARKET. ugar market today was firm THE LIVE 8T0CK MARKET. By Private Looted Wire. CM corn. Jnly I.—Hogs— Receipt* briny 19,(so Market slow to 6c lower ilinn yes terday; quality fair: left over 13,629; bulk I'l (.'/(1O.75; estlimitei| for tomorrow 1L000: light 86.364(6 IS; mixed f4.36e6.99; heavy JAM ^6.80; rough |0.2utI6.85; pigs 35.6*^36.60: f 1 ’ > Cattle —Receipts 3.6M. quality p»M>r; l»cevua 841 4.(7); heifer* ZjvfcpA calves 8&4MS Market strong: yearling* \ era J5fc7.35. Wheat opened to U l#W 4. lower to 4 higher; close! whar. Corn opened unchanged to p. ui.. 4 lower to 4 Light changed to V9 lower. cio«4 PRIMARY MOVEMENT. The following flgitn Corn—Receipts today 777,000 bt against 733,000 Inst year. Hhlpmenta 401,000, ngalnst 645,0» Inst year. NORTHWEST CARE. northwest | Last t Today. Week. Ye 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. C. Erwin. Asst. Cashier. IL W. fcyers, As»t. (i. n . Joseph A. McCord, Third National Bank Capital Surplus $200,000.00. $300,000.00. Dr. A. W. Calhoun. . Milton Dargnn. John W. Grant, f. McCord. . DIRECTORS: Frank Hawkins. H. M. Atkinson. Joseph A. McCord. PIEDMONT BROKERAGE CO., (Incorporated.) Basamant Floor Piadmont Hotal. STOCKS, BONOS. GRAIN. PROVISION*. INVC9TMKNT9, Fast Wira Eerviea from Naw York, Naw Orisons, Chicago. CORRESPONDENTS H. J. SAGE A CO. 42 BROADWAY. NEW YORK. tDW. HOTIf. Manager local aadlaag Dit'aeceBefl Fboae 1391. W2L L. PEEL, President. ROBT. P. MADDOX. Vlee-Pi MADD0X-RUCKER BANKING CO. CAPITAL $200,090.00 SURPLUS AND PROFITS .... $500,000.00 ACCOUNT* INVITCO We invite accounts of individuals, corporations, banks and bankers and offer the best terms consistent with conservathe banking. In our Raving* Department we allow Interest at the Rate of 3 i-2 per cent. Co!n|H>untled Semi-Annually.