The Atlanta Georgian. (Atlanta, GA.) 1906-1907, July 09, 1906, Image 11

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THE ATLANTA GEORGIAN. mon'day, jrr.r 9. i^*» josephruvely( THE GEORGIAN’S RECORD OF MARKETS AND FINANCE ) \fr. LI roly’s 25 years* experience .if editing markets In Atlanta and th* South h*f |ff#4* him n ree- ognltod authority In hla specialty. IS DULL, trade very ugh I ONLY BAD WEATHER CAN HELP THE BULLS. jt ft Claimed the South Is oii Short Side of the l j Market. n»« I* nnt <-nousb bMlnw. bMaj: Irnns |„ tbe cotton .xckugcs to innke n nakft culling for commeut. It li claimed the South Is short anil will ‘ The bulla ore waiting for had 5 ■ JSthet, which they claim will run them I '"in (he meantime, advlcea ns to the crop ,i"w«tber continue, excellent, and If the 12.;™ abort, It Is apparently aatlrttd on ... iVott that It win take a considerable wll of nail wenther to force them from I , ulm!i!r'wa« abont as expeeted nt the ■ffllnfthla morning, showing a decline eted at the 1 asaintthta morning, showing a dec! .. I Ji J pSmta on futures and of 2 points ■i I 1JJ' *Sj£, 4W |i(| , '*lj" ; i'rpoora decline, the v.V Turk market sbonjd hnre opened tin- I Ejwi whema, Initial prleeg wore 1@J I Santa lower with tmalneaa very dull, rit fa reported that from *.000 to 10.000 talea of cotton hsve Iwen taken out of the E York Stock for shipment to New Or- S tor delivery on July. One thousand a „f this lot are being chipped on Itorton line atemner leaving today, with I »re in fi.Ili.w-, la taking the edge off July ' Mf'*rrt r M« of 1»« cotton, raised Fllfarrlna, Tea., waa sold at auction at the L,* Tort cotton exchange today to O. W. oamiDi* fur Blllaon &. Co., of Liverpool, i-H at 24c a pound. -m The drat hide of new cotton sold I S*a Orleans today nt 10e. I The monthly movement of cotton for S . shows it decrease under the some th lait war of 215,357. an Increase for - ip, „ V( . r rear before last of 116,335, and 11 dfrriuM* for June under the same time III l*c of >6,177. Total crop into sight for ten months June 39 - ‘“ ****'“' In 11*04, »»i r Private Loused wire. - »w York, July 9.—Prices at the opening | a( the local cotton market today displayed " i disposition to sng, quotations being 1 to I point* lower with business dull. The in- .teorfs were quietness In the market at I Llreri»*H»l and favorable weather In the I faith. Two of the lending brokers were I shorts put out week. 8P0T COT1 ON MARKET. quiet, 10.80c, New Orleans, dull. 11%C. * Liverpool, easy, 6.12d. Aufnsta, steady, 111-16C. 8t. Louis, qtilet, 10%C. Bannuah. quiet, 10%c. LIVERPOOL COTTON MARKET. idllac uplands. 6.12; sales 5,000: American ItW; speculation nnd export 600; receipts 11*0: American 2,700. Opening Range. Close. ..5.83 6.80 . .5.78*6.78 6.76 ..6.71 s.a ...5.63 6.00 6.66 Previous Clow. 6.86 6.83 . ..5.59 ,.5.58 ..6.58 6.56 5.57-6,58 5.59 TODAY’S PORT RECEIPT8. _- ft* following table shows receipts at the lEt'str**' COIUparedl w,th tbo Mine d ®J IMsMIe IParannah .,. ... Inarieston ... 1 Wilmington I X.:rfulk I hila'ie I i>: * ...I. 10155 I 10,* INTERIOR MOVEMENT. 1906 1595 fiuinatR * ■nnphU ' 8l, I.'ml* ** Gadatuiu ..." 474 “1 JS 2887 Mi ™ iu ea 78 ne L we 68 » rlr Tol,l 1314 504 g *P0T COTTON MARKET. 12'nni Jn| f ’-Cotton steady: t M. £.'•»! net receipt. 683: grot. IJ slick 22,835; export, coa.t, I hv r, "' k ; -'illy ’.—Cotton .teady; middling ISa f'iccvlpta 8*; mat «*; wlea 31* hav.nn' 1 ?' /‘Port* ccatwlw 523. v u >• ’-Cotton may: middling ■ I?CJ*Pt» 1.245; gross 1,245: Bale. rei'li cmimeit'^!* “ aW,t brU, ' a •■-Cotton nominal; mid- X*« litr 1 , r '* cl pta non.; grows 310. ®nt nu' an *' . Ju f .—Cotton qnlst; mid- ■i"; ..receipt* 6«>; gross 550: IlFK «.**. corrected. ' 5-cotton quiet: middling fit' at;, r,r " | nn 35; groH 35; aalr* 23; lloaitnn ’ •"’I** coo.twlw. 225. V : :« ;• ’ -Cotton quiet; middling Hlin.ilif ,, 1 ’ " 4|,: ,‘ ro “ 474; wile, none; 722}! .took 15,201. Ck“ „"; J " l| f ’-Ocrtton steady; middling ,Mp - JV ;i ' r Jul 7 ’ -Cotton ipdrt; mldd »V-2';’-Cotton qnfet; middling ito • l,,pm ' n,, | & ^r^jcssrwrws - ® 32^# j&sns&fiz L «| t h p n^t‘i»: duwng the day. I kot’aa «*"•£■* agtlafectorlneaa, l"0d, the r. ^ e . nt * r,n « th * ertuetu pe- ls***«iy hen« T UUa * to MeII «g- lian™ iv.the temporary atag- [h which cannot lut long. NEWS AND GOSSIP Of the Fleecy Staple. Private Wire to Ware & Leland. New York, July 9.—The licensed ware* honse stock hna decreased 766 bales. The certldcated stock decreased 729 bales. Journal of Commerce says: “Althoi the crop news is so generally favoral..., there la a fear that at almost any time there inny be a change for the worse. As the short Interest Is undoubtedly large, "" ereut might have conslderabls ef- the disposition among very many, for all that, la to await further developments." Commercial says: "Spot men are not very hopeful ns to the outlook for the .Inpan business for the new season. Japan nns not been nearly as good a customer ibis yenr as it was last. Ho far this season Japan baa taken 129,113 tales of American cotton, which is 11*2,000 less than it took during the same period last season/ Liverpool cables: "Market affected un favorably by poor report from New York market steady at decline/' Mitchell offered 6,000 December at 10.80c. New Orleans,«July 9.—Futures are dull and narrow. .Scalpers are rather Inclined to buy on the unfavorable reports from the eastern belt. Sentiment, however, ' just as bearish as eyer for a long pull. Spots are Inactive. Iluyers are taking no Interest In the market and factors are Indifferent, The weather map shows much rain over the belt. Texas gets good showers, which Is a favorable feature; but rain in the At* lontics Is very unfavorable. The net stock of cotton In Nsw Orleans Is 35,009 bales, ngalnst 49,139 at this time last year. The amount on shipboard is 11,189 bales, against 13,142 last yenr. San Antonio, Tex., wires: "Leading house says have been offering spots to the East based October delivery and find no tak ers/' lug easiness In July. Thlulc unprotected shorts should take advantage of this soft spot to cover. activity with prices lower In consequence of exceedingly favorable prospects of the crop, especially In Texas. showers tomorrow In Louisiana, Arkansas and Eastern Texas. Today’s map Is fairly wet nnd cloudy, exns having agnln received a well scat tered rainfall. of the Atlantic states, where needed. New Orleans, Jnly 8.—The Tlmes-Demo* erat has the following from Houston: "During the week there bos been a con tinuation of the good growing wenther for thr cotton. The crop Is making fast in .Southern Texys now. and It will not he wrap oi iup mrim-rii warn u»e rnunu lut? cloudiness has prevented premature opfa- Ing of bolls and has reduced shedding to a minimum. As matters now stand tho crop could hardly be Improved on." WARE A LELAND’S DAILY COTTON LETTER New York, July 9.—Further rains In Geor gia and other Atlantic states were re sponsible for the steadiness In tho cotton market that lasted during the greater part of the session. Early a decline of 6 points nbroad led to selling and a decline to be low 10.30c for December. Later on In the day. covering by’ those who sold on the decline led to more or less steadiness. This change of 4 or 5 points constituted the bus iness of the da/ ***'— ““ radical change fore no Increase ... ness. The majority of crop accounts are FAIRLY ACTIVE TONE WAS IRREGULAR AT SLIGHT DECLINES. Traders Turned to Bear Side Ear ly, Forced Some Sharp Declines. By Private Leased Wire, New ( York; July 9.—On the stock exchange operations were under those of Saturday under depressing influ ences of the large loss in surplus bank reserves. While, as explained, the un expectedly heavy cash shrinkage was probably of a temporary nature, duo tp the withdrawal of trust company funds over the period when they must make report to the state treasurer, It was looked upon as sufficient reason for discontinuing operations for the rise. There was enough profit taking by the trading element, which had fol lowed last week’s rh-e, to cause a gen eral recession In prices this morning. This selling was supplemented by pressunT from bearish quarters. But, on the other hand, liquidation from the more Important sources of a week and fortnight ago was entirely absent. An other noteworthy feature was that the volume of business Increased as prices receded and the whole action of the market suggested that had it been left to Itself It would have remained about stationary. The stock market opened fairly active and Irregular, with a slight de cllne. Illinois Central was the strong est feature, opening up 11-8 to 177. Reading showed considerable firmness. Gains of 1-8 were made In St. Paul, id Pennsylvania, while the Steel Issues were up .1-4. Northern Pacific was down 1-4. After a steady to firm opening, that was followed by moderate advances In number of stocks, the market be came heavy under pressure from some unknown source, and during the rest of the first hour the tone was heavy and the price movement generally down ward. In the first few minutes there were gains ranging from 1-4 to 11-4 points. Arbitrage brokers say that London opened very Mttong, but sold off later, and about 10,000 shares were sold here in the first hour for London account. There was little outside busi ness, and the room traders, after first trying to advance prices, turned to the bear side and have since been sellers. ^Governments unchanged. Other bonds steady. RANGE OF NEW YORK STOCK MARKET Amalgnu At lit it 11 < • America i id...., Atchlso do preferred American Cotton Oil Baltimore nnd Ohio Brooklyn Knpld Transit.., Milan Pacific d Northwestern... Chesapeake aiul Ohio Colorado Fuel and Iron Central Leather do preferred Chicago and Great Western Chicago, Milwaukee and Hr. I’aul Delaware nnd Hndsor Distiller's Securities. Erie do ml.., General Electric min'd* Central American Joe Securities Louisville nnd Nashville Mexican Central ; Missouri Pacific New York, Ontario and Western...., National lead Northern Pacific York Central Norfolk nnd Western opin’ Go. ay. There was seemingly no In the position, nml there- iso in tlie volume of bus!* ............ ....ijorlfy of crop accounts are so favorable that ODerators see little In the outlook to Justify heavy trading, and ias long ns the cron does so well, the In centive to buy Is lacking. On the other hand, there Is a fear that something will happen to put the crop tack during the remainder of the growing, season. It Is this tear tbst prevents short selling oni Interest. Until some tad news comes from the Houth the market Is likely to continue •ry narrow. GIBERT & CLAY’S DAILY COTTON LETTER July 9.—Options on the ruletIon of a few, notices had a de- talng effect npoq July, which was fur* •r Increased by a report from New York [the effect that eoiue cotton bad been Ipped from that Point here, destined for Ivery on contraote. and that more would •uortly follow. Tbfe weakneee In Jnlj affected the other position* ns well, whirl | have hitherto held up eurprlslngly well In the face of bearish weather conditions, having been more or less dominated by influence of uncertainty as to tbei time are excellent. Indeed. The o*? 1 ?** 4 fear that the continued ralna In the Allan* tlca are detrimental to deve onment of the crop Is *not borne out by like conditions in the past, especially In the bumper crop year, when rains occurred frequently during June and July In that section, nnd In reality caused an unmistakable lin^ pmvement and a larger yield. New York, July t.-Tbe market was a disappointment today In most directions, and after some early display flf strength, appeared to be nnder pressure in most di rections. The market Is not i ndecisive one, and while-8aturday’s tank statement was rather carefnUy explained, » circular from the treasury department on the scare Ity of notes of small denomination woe made the subject of comment. London dls- ■ Asm ss? fiusspii no special demonstrations of weakness was made/Todsy'* trading with London, and the coudltlon of that market, ludlcstwi some concern oyer there SJJJ speculative conditions Is stocks other than America, *5***,* D Thil'T? In some degree by London selling. Toe ex pi.nation of th* bank .tst.m.nt oo 8j4ur- notes of amsll denomination was not reas* p.'ss'-rr* wjw Srr,. j/c(liw.mon^rn,t« srn c>- forukl. ..d we think more streofth will derelop In the market .taler on. GIBERT & CLAY • *USAH* «T. ATLANTA. OA. COF.CC, PROVISION* I'ssisH , _ rrUnle Wire. I., nil ' * - Lon a Distant;. T.I.phon. 529*. SOk *W. R. FAGAN, Man.fl.ft Chicago. .Tilly 9.-1VHEAT—A little strength appeared early, ivltb trad, rather light, hut cash houses were heavy seller, of September against very targe country «cept«nce». nt trader, were good buyers, allowing of upturn., although they were only transitory, despite a larger decrease lu albla that lower price* will again be wil l 3 eased, we think the futures are at n point low where they should be bought for lu i vestment on a scale-down. COHN—There waa a rurh to buy the fu turn at the start, due to the disappoint ingly light receipts, strength abroad .uml reports of an unfavorable character from many sections. Buying wts of .good char- — ,— ( ,[k1 . bullish feature we""think” hesY’rcsulfiT ran' tie gained through buying on all break., OATS-There waa a general. commission bouse buying early, local oparatora also taking on the future, due fo aaportaof damage in Illinois, aa well na th* belief lu a Gulllih bureau report tomororw. Full advances were not sustained, but the clos ing waa Arm, however, with the market In a strong position. I’HOVIsio.VH-Very llttla Interest waa manifested; In fact, trade waa light and operations of n scalping character, COTTON SEED OIL MARKET. New York, July «.-The, market far cot- ton seel oil waa less active on-Haturday, with prices tending higher. There was more Interest dlsptaysrT by buyers both for local aa well aa expert account, hut aalea ware eonflnrd to very small lota. The Improved demand for cash and the con- tinned strength In lard helped to establish a (Inner undertone. Reports conflrm light European stocks, and a good foreign de mon,IIs expected to develop soon. Trices St the cloae were Uc higher totac lower, with tha market Steady.—Ware * belaud. July ... August September Ml October *4' November 5?. Urceinher ... .... Closed steady. TALENT HALF AWAKE WHEN WEEK PETERED 'OUT New Orleans. July 9.—Timea-Demo- crat: "Spiritless nnd dull, Saturday, cotton market Involved hot a single significant detail, and the week peter ed out with the talent only half awake. The more reliable field report* seem to Indicate encouraging crop progress, and this, In connection with a very logical letdown before Idng among the mills, will give the bear* something fresh to talk about. Meanwhile, how ever, bullish expectation, in the mat ter of rapid exhauatlon of raw cotton auppliea are being fully reallxed* spin- nera’ takings for th# week having been iRarly 200,4400 bale*, a quantity well In exceoa of last year-# record. The mill repair season la approaching, and at the aame time aome of the mflla should have begun to reach the end of a num ber of contract!, all of which is In the natural courae of event., otherwise consumption would press production antirely too close. In the Immediate future Interest hang, on prospective liquidation by the New Orleans longs and the location. If poaalble, of the July abort Interest. The wise men now fig ure It out. In lieu of a better hypothe sis, that the short'end la held by men not closely Identified with the Southern market. Thla conclusion follows ina bility to locate It, and the fact that within the past few years cotton mar ket ramifications have spread through uneasily traceable channels of trade.— Ware * Leland. celebrated German specialist baa re cently been experimenting with Ink to hi,.! b rol«»r Cs-»th«*m tbv keet august «,f ►!•**•. Tli«*jr i1ptH4»p more rapblly Id ban In black, violet or 1*1 v J Steel Car <lo. preferred Pacific Mali llendlnx ItepnblFc Stool.... Kook JsIiiikL... do. * ” * Southern Pacific Southern Unilw-ny....... do. preferred. HIOSS Sheffield a.see Tennessee Coal nml Iron.... Texas nml Pacific * Vnlon Pacific. United States ‘Steel do. preferred Virginia-Carolina Chemical do. preferred Wabash do. preferred Wisconsin Central do. preferred Total aale of stocks today, 664,300 shares. NOTES ON GRjVIN Pointers on Provisions. I Private Wire to Warn & Leland. I Coinfo, July 9.—The jjiivernniont repo duo at 2 o'clock Tuesday Is expected show little change In the condition of wti I ter wheat from ln*t month. A loss < about 1 to 2 points from 93 of June Is e ported In spring wheat and a loss of 1 to I points from S6 on oats. j The depressing factor I out Is the weight of the . _ I moot, anil thla may cause some furtbi I decllue today, but wheat Is not high nt present prices and should bo bought on th I breaks now. , World's shipments: Total wheat. 9.92ft. 000. against 9,021,000 last week ami 10.|sun,i last year. » Total corn, 4,892,000, ngalnst 2.S9L.OOO last I week and 4.369,000 last year. Wrenn nnd Bartlett, Frasier & Co. sold I the wheat at tho opening nnd crowd taught Talking 19c under Liverpool now, lit signs of demand. I ^ F#w «»ts on reports of |d*tn«ge through Illinois. . Oats higher on general commission bouse buying. Market now steady nnd firm. I Kri«dnr“ *--- *-— *-■- * rlcdman has been fair buy Provisions higher light offerings. Rome Trade light and no feature. Private Wire to Gibert A Clay. —,2 I „ Chicago. July 8.—The only encouraging #£2 I future hi wheat this morning Is the steady I tone of cables. Weather over Rundsy has lH*en Ideal for harvesting nnd for the I growth of the crop. The cneh wheat of ferings are likely to bo liberal, eo there Ik not much chance of n strong market. If It should be firm, we believe It will bo I good place to sell. Pringle liest buyer of wheat. Caah house* eelllng, noticeably Bartlett, Frasier A Co. RANGE OF THE COTTON MARKET morning. Freer than ever/’ AT NEW YORK. The following la the ran go In cotton futures in New York today: ^ I.iisr Previous Open. High. Low. Hale Closa. Close. .10,17 10.18 10.16 10.17 10.17-19 1019-20 10.W 10.2S 10.24 10.26 10.26-27 10.29-31 July Aug S.'l', Oct. ! S’ov. Dec. ..... Jnn. ,.10.3S 10.88 10.34 16.36 10.38 iV#MU Feb. ..10,39 10.89 10.89 10.39 10.38-40 10.40-42 10.45 10.46 ia42 10.40 10.45-46 10.48-49 .10.36 16.36 ioM iol28 iaSS io!s2-s3 •}?5 IfS ia£8 iaSo AT NEW ORLEAP8. "ltnln the range In cotton . Our cron expert wires from Watertown. Previous 8- D.: ‘‘Wheat looking good; weather fa- Onen. High. Low. Bale. Close. Close, vorable/' . ..11.04 11.04 10.91 10,96 10.94*96 10.07-10 ,10.66 10.66 10.63 10.64 P 10.25 iols5 io.» 10.23 io!g-a 10.20 Oats opened higher on hot weather and Dec ..10.28 10.28 10.23 10.2 Jan. * ‘ Feb , Mch ..10.44 10.44 10.41 10.41' 10.43^4 10.47-48 Apr....'. 10.00 Closed steady. 10.36-37 30.38-401 TIPS PLASHED From Wall Street. rltfnx news nn,l tk«-pro.pact of e sood government report Tuesday afternoon to be discounted by short covering ou tbs part of a large shortage, which wns made nervous by the exceptional strength dls plsyed on Saturday, following the raid aft er the unfavorable bank statement, which has evidently been manipulated for tf monetary situation, shows distinct signs Improvement." Southern Pacific Is tipped for 70 tills vek. Marshall, Spader & Co.: "Rentlment this morning appears, ncconllng to most public comment, favorable to the market. Tin* strength In London of certain Issues Private Wire to Ware A Leland. New York, July 9.—London changed hastily ovefaold. . Vacation period la approaching when many operators will be away and the wet consequently Is apt to be mated. Think well of Baltimore and Ohio, Nor* Ilia •I'll" II* •, - dividend rate to 8 per cent; also lool ... In Locomotive and Smelters dividend rate gPLSHl?* oil oreais. Lfow-Jonce Rummrj London. Irregular, m Mining settlement day, and regular fort gins tomorrow. ^ , One failure on.stock exchange In Lon Rome probability of Increase In Amalga mated Copper dividend at coming dlrcctora' meeting. Crop conditions and aratlook for fall trad* continue so*„I. Thlrtr-foor roads for fourth track of June al,ow averate (ros* Incraaaa ot 15.70 per cent. Naw Harm sarploa appllaahta to dlrl- ,lands at tll.150.IW,, aa axalnat t«.70«,023 laat yatr. *ttriS*tad' C ro'"troat”"coinp*nje*” Incraa’aln* thalr .ra^nrM; d( ,. [Ion In loans. Twalr, Indnatrtala adranrad .10 per cant. Twenty aetlr* railroad* advanced .23 par cent. Politician—Your brother-in-law, big Mika Callahan, has appllsd for a polit ical Job. Can you safely recommend hl roatl«mn—Well, CM couldn't safely do anything else.—Judge, SPIRITS TURPENTINE BARELY HELD ITS OWN I n Unlit offerings nnd pit Inulara. Kdtvnrd. _ JHPA H.tllng am,prod and 1 lo .■lIlUllls-.lMll Ilull-MH. Mil fkl't 1'lllUt THE SUGAR MARKET. Special to tba Ororgtnn. our York, July Oa-raiml roOnod nnd row liiine at f.7‘ip. tiimiL-ii I angnr niarkata unchanged, or two ta'i-naltitit It seemed os If I London basts steady; July Ss 474d; Au- 57 cants waa about to lie touche,I. But *■ Ow' 1 ' . Iniyera alwaya came Into the market In _ ■ " - ■ ■ time to sare the day. It la a,III regarded THE DRY GOODS MARKET. WHEAT AT OPENING T PRICES SOON TOOK A DOWN WARD TURN Due to Heavy Selling by Cash Houses Against Country Purchases, Chicago, July 9.—Strength in coaraa grain nnd covering by local shorts on the theory that a reaction was In or- 'l'i i ••'oiltrtl lu win'll ruling relatively firm during the early part of the ses sion. The bearish features were favor able wenther throughout and heavy ac ceptances on Saturday’s bids. Ah long as pressure of cash wheat continues, any parmanent recovery to our mind Is out of the question. The only hopa wa can tee for th»* imiN nt 11»*• m-mient Is for aome unforeseen calamity to be fall the northwest crop, which at this writing Ih making favorable progress. Corn—Waa higher early, but nai not, retained all of !ta advance. Cars here : ware 11 leas than expected, and the estimates for tomorrow are light. Con siderable corn bought by larger traders early was sold out on the bulge. There Is a strike on at the Houth Chicago elevators, whlchr Is expected to inter- J fere with shipping trade. The elevators . on the Chicago river have not been in-i volved. Think corn a sale on any fur- : ther advance. CHICAGO GRAIN MARKET. Tbo Chicago grain market ranged as fol* WHEAT- fife-.: S& ^UN-* 03 July.. . 63 Hept. .. 6144 Drie. « 4S{ OATS— July. Open. High. Low. Close. Closa* 1 I 1 sS IS 3734 Si.*-, 6. July. . . ..... 17.07% 17.6*) Hept. ..17.15 17.22% 17.15 17.17% 17.12%, Jen.. „ 14.90 14.90^ 14.« 14.86 14.7U I'OIIK— July. .. 8.90 Hept.... 9.06 8.90 IM 9.S6 9.66 9.55 ifflt m # CAR!I*WIIKAT— No. 2 rod 7s%<a79%c; No. 3 do |Ttt0T8Uc; <0. 2 hard winter No. 3 Jo 74'(P 6c; No. 1 spring tOflSlc. CHICAGO CAR LOT8. Todsy. Tomorrow, for the week were considerably behind those few York, July 9.—There was e Increnso In the dlstf' tft neijilly Inst week with measure to the recent heavy rains and .... . ............ connltlona In the wooda The Qm of tho market as a rub', nnd h-mi I* wnsldwably less than half that I shading of prices. Hummer ■ r°i» iftf. ^*5 r *Au • moved fairly well, and there Itoslna held the gains of the pr^viniml - - jjjJ week In good inessure, closing wit.. mii ndrnneo of 10 rents on water white nml 5 cents on window glass. The medium grades were nta> the subject of mine nligfit fluctuations, tho tendency nt the close of the week 1 icing to eHs«7 off r/dlftc. As compared with hist year, six grade* show 11 gain of 60c. Tho smsltest gain was 60 rents nnd tlie largest 75 cents. The outlook for tho present week would seem to bo for a decline In tlie Idgl apparently nbtioriimil mgor condl- I 110 further goods havo changed; closed hlghe J tic hlaher: l.M higher; pd He to %c higher. , THE METAL MARKET. New York, duly !l In tljo m*-tHI mark prlres nre a shade easier. Tin off Via t spot nii'I nenrlij «Iollv*-rr. Hpelter off n Minnll fraction for spot, (xmpsr unchanged. Lead UulL LOWRY NATIONAL BANK NEW YORK COFFEE MARKET. Following f* given tho opening and closing I quotations of the New York coffee market Opening. Closing. January.. ,....166-6.75 8.66-6.7f February 171191 1704.71 March 186490 ir igr..T. r/:.::::-v;:tpS t! June., ..7.8-7.19 7.1 July * 3 August September October November December.. .. . Closed steady. A new beet odd, __ — .., Prague. The Bohemian Inventor* have I obtained patents In Austria and Germany. I CAPITAL, SURPLUS AND PROFITS OVER ONE MILLION DOLLARS Foreign Exchange, Travelers’ Checks, Brown Brothers’ Letters of Credit available in all parts of the world. ! new process for purification of augar-1 Juira, by means of hydrosulphurle la announced by Consul I^doux, of J Frank Ilawklm H. M. Atkinson. V. P. Joseph A. McCord, CaeTiler. Asst. Cashier. SOUTHERN EXCHANGE Oldeat Establish'd Office South. COnON STOCKS BONDS WHIN Ground Floor Gould Dulldlng-. Dally inarXat lattar and markat manual mallsd on application. Tuoma^t.. Third National Bank $200,000.00. $300,000.00. J. II. Nnnnally. J. r.rroll Ptyn«. Capital Surplus DIRECTORSl Frank Hawkins. II. M Atkinson. Joseph A. McCord. David Woods L. J. ANDERSON & CO Bankers and Brokers, COTTON, STOCKS, GRAIN Correspondent'! Capital 3250,000 RRFERCNCC, THE NEAL BANK PHONE 1417. PRUDCNTIALBLDC CENTRAL BANKS TRUST CORPORATION, CAPITAL - - - - - . $800,000.00 If you coutomplato opening a new account, or changing your present banking arrangement, and wlnh to connect yourself with a strong, consorr- | atlve bank, fully equipped to serve you as your business Justifies, invite you to call and talk the matter over with us. Asa Q. Candler, President. W. H. Patterson, Vice-President. A. P. Colee, Cashier. John 8, Owens* Vice-Preeident. Wm. D. Owens, Aest. Cashier. Nov OrltMBS. COTTOt^GRAIN, ^skFsh^nOSOS. No. 2 Wall St., f fieri Build'ng. Atlanta, Ca. MEMBERS. ' Mew Y*ri Celloa Etching,. Othago Board f Trade. B,w Orltant Cotton Cubango. wago SI"* Cubango. Bolt Ehoao 1262. Staodordf PIEDMONT BROKERAGE CO., (Incorporated.) Basement Floor Piedmont Hotel. STOCKS, BONOS, CRAIN, PROVISIONS, INVESTMENTS, Fast Wlra 8ervice from New York, New Orleans, Chicago. COKSESPONOENTS M. J. SAGE A CO . 42 BROAOWAV. NEW YORK. 10W. H0T2E. manager local aad long 0,dance Bell Pboao 1391. MADD0X-RUCKER BANKING CO. CAPITAL $200,000.00 SURPLUS AND PROFITS .... $500,000.00 ACCOUNTS INVITED Wo invite accounts of Individuals, corporations, hanks and bankers and offer tho best terms consistent with conservative banking. In our Savings Department we allow Interest at the Rato of 3 1-2 per cent. Compounded Heml-Annttolly.